0001801368-21-000036 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2021 • MP Materials Corp. / DE • Metal mining • Nevada

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 14th day of April 2021 and shall be effective as of May 15, 2021 (the “Effective Date”), by and between MP Materials Corp. (the “Company”) and Elliot Hoops (the “Executive”).

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MP MATERIALS CORP.
Supplemental Release Agreement • August 9th, 2021 • MP Materials Corp. / DE • Metal mining • Delaware

MP Materials Corp., a Delaware corporation (the “Company”), hereby grants to [________] (the “Holder”) as of [DATE] (the “Grant Date”), pursuant to the provisions of the MP Materials Corp. 2020 Stock Incentive Plan (the “Plan”), a restricted stock unit award (the “Award”) with respect to [________] shares of the Company’s Common Stock, par value $0.0001 per share (“Stock”), upon and subject to the restrictions, terms and conditions set forth in the Plan and this agreement (the “Agreement”). Capitalized terms not defined herein shall have the meanings specified in the Plan.

TRANSITION AND RESIGNATION AGREEMENT
Transition and Resignation Agreement • August 9th, 2021 • MP Materials Corp. / DE • Metal mining • Nevada

THIS TRANSITION AND RESIGNATION AGREEMENT (this “Agreement”) is made and entered into by and between MP Materials Corp., together with any subsidiaries or affiliates (collectively, the “Company”), and Sheila Bangalore (the “Executive”), dated as of April 26, 2021 (the “Effective Date”). The Company and Executive are hereinafter collectively referred to as “Parties”, and to individually as a “Party”. Capitalized terms not otherwise defined herein shall have the meaning set forth in Executive’s Employment Agreement with MP Mine Operations LLC, dated as of July 13, 2020 (the “Employment Agreement”), which by its terms was assigned to and assumed by the Company in connection with the Closing.

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