PERSONAL AND CONFIDENTIAL June 7, 2017 Randall ScottPersonal and Confidential • August 4th, 2017 • Rare Element Resources LTD • Gold and silver ores
This letter agreement confirms the discussion and agreement between you and Rare Element Resources, Inc. (the “Company”) regarding your adjusted salary during the continuation of the Company’s care-and-maintenance program. As we agreed, your salary will be adjusted to $14,000 per month as of June 1, 2017 for a period up to three months while you focus your efforts on developing strategic partnerships while overseeing the administration of the Company. You will continue as the Company’s President and Chief Executive Officer working from your home office, devoting as much time as necessary to achieve the key objectives of the Company.
