EXHIBIT 10.1
AMENDMENT TO RESTRICTED STOCK GRANT AGREEMENT WITH XXXXX X. XXXXXX
AMENDMENT
TO
RESTRICTED STOCK GRANT AGREEMENT
This Amendment to Restricted Stock Grant Agreement (the "Amendment") is
made as of this 1st day of May 2014 by and between Solar3D, Inc., a Delaware
corporation ("Solar3D"), and Xxxxx X. Xxxxxx ("Grantee") with respect to the
following facts:
RECITALS
A. Solar3D and Grantee have entered into that certain Restricted
Stock Grant Agreement, dated as of September 23, 2013 (the
"Agreement").
B. Solar3D and Grantee believe it is in the best interests of
both Solar3D and Grantee to amend the timing for issuance of
vested Shares under the Agreement.
C. The terms used in this Amendment will have the meanings
ascribed to them in the Agreement unless otherwise defined
herein.
NOW, THEREFORE, for one dollar and other good and valuable
consideration, THE PARTIES HERETO AGREE AS FOLLOWS:
1. AMENDMENT.
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The last sentence of Section 2.2 of the Agreement is hereby amended and
restated as follows: "The monthly vested Shares, if any, shall be issued to the
Grantee on the later of (i) the first day of the fiscal year following the
fiscal year during which the Shares vest or (ii) within five (5) business days
after the last day of the month during which the Shares vest."
2. EFFECT OF AMENDMENT.
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The Agreement will remain in full force and effect except as
specifically modified by this Amendment. In the event of any conflict between
the Amendment and the Agreement, the terms of this Amendment will govern.
3. COUNTERPARTS.
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This Amendment may be executed simultaneously in any number of
counterparts, each of which counterparts will be deemed to be an original and
such counterparts will constitute but one and the same instrument.
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IN WITNESS WHEREOF, this Amendment is executed as of the date first
above written.
SOLAR3D: SOLAR3D, INC.
By:/s/ Xxx Xxxxx
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Xxx Xxxxx, Director
GRANTEE:
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
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