August 4, 2023Retention Agreement • August 4th, 2023 • Contango ORE, Inc. • Gold and silver ores
This letter agreement and release (this “Agreement”) confirms the understanding and agreement between you and Contango ORE, Inc. (the “Company”) regarding your employment, your retention and separation from employment, and payments and benefits due upon such retention and separation. The Company’s subsidiaries and affiliates (and other Releasees besides them as defined below) are intended to be third-party beneficiaries of this Agreement and therefore may enforce this Agreement to the same extent as the Company. This Agreement is intended to supersede and replace that certain Retention Payment Agreement dated February 6, 2019 by and between the Company and you (as amended, the “Retention Agreement”), which shall be terminated and of no further force and effect upon your execution of this Agreement.
