Exhibit 10.26


 





 


Jiawei Wang


 


Dear Jiawei,


 


I am
pleased to offer you a position with Faraday&Future Inc. (the “Company”), as a Head of Capital. If you decide to
join us, you will receive an annual salary of $700 ,000 that will be paid semi-monthly in accordance with the Company’s normal
payroll procedures. You should note that the Company may modify job titles, salaries, and benefits from time to time as it deems
necessary.


 


As an
employee, you will also be eligible for an annual performance bonus of up to $70, 000 (less deductions and withholdings required
by law). Thereafter, any bonus will be awarded, at the discretion of the Company. The bonus will not be deemed earned by you unless
and until it is awarded of the discretion of the Company.


 


As an employee,
you will also be eligible to receive employee benefits including Company subsidized health insurance, a Fidelity 401k-retirement
plan, PTO, and holiday entitlement, specific details will be provided shortly after you join the Company.


 


The
Company will undertake a background investigation and reference check in accordance with applicable law. This investigation and
reference check may include a consumer report, as defined by the Fair Credit Reporting Act (“FCRA”), 15 U.S.C. 1681a,
and/or an investigative consumer report, as defined oy FCRA, 15 U.S.C. 1687 a, and California Civil Code 7 786.2(c) . This investigation
will not include information bearing on your credit worthiness. This job offer is contingent upon a clearance of such a background
investigation and/or reference check and upon your written authorization to obtain a consumer report and/or investigative consumer
report. Refer to the attached Background Check Disclosure and Authorization for important disclosures and a written authorization
form.


 


You will
receive an employee stock option grant equal to 6,000,000 stock options of the stock options in the holding company that represents
both the US Design company and any future manufacturing company. This grant vests 25% of the options you receive on the 1st anniversary
of your employment start date, then vests 1/36th of the options you receive on each of the next 36 months of your consecutive,
uninterrupted employment with the company. Full details of this program will be made available to you shortly after joining the
company.


 


The
Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be
aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are
free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship
with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give
the Company at least two weeks’ notice. The Company has an annual focal review process where both your performance and compensation
are reviewed.


 


For purposes of
federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for
employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire,
or our employment relationship with you may be terminated.


 




     


     


    

 





 


We
also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior
employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employee!.
It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position
and you represent that such is the case. Moreover. you agree that. during the term of your employment with the Company, you
will not engage in any other employment. occupation, consulting, or other business activity directly related to the business
in which the Company is now involved or becomes involved during the term of your employment.
nor will you engage in any other activities that conflict with your obligations to the Company. (Details to be discussed).
Similarly, you agree not to bring any third party confidential information to the
Company, including that of your former employer, and that in performing your duties for
the Company you will not in any way utilize any such information.


 


As a
Company employee. you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign
an acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook.


 


As
a condition of your employment, you are also required to sign and comply with an At– Will
Employment, Confidential Information, Invention Assignment, and Arbitration Agreement which
requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company,
and non-disclosure of Company proprietary information. In the event of any dispute or claim relating to or arising out of our
employment relationship, you and the Company agree that (i) any and all disputes between you and the Company shall be fully and
finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be
available in arbitration, (iii) all disputes shall be resolved by a
neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v)
the Company shall pay all the arbitration fees. except an amount equal to the filing fees you would have paid had you filed a
complaint in a court of law. Please note that we must receive your signed Agreement before your first clay-of employment.


 


To
accept the Company’s offer, please sign and date this letter in the space provided below. A duplicate original is enclosed for
your records. If you accept our offer. your first day of employment will be at a mutually
agreeable elate. This letter, along with any agreements relating to proprietary rights between
you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements
including. but not limited to, any representations made during your recruitment, interviews, or pre-employment negotiations, whether
written or oral. This letter, including, but not limited to. it’s at will employment provision, may not be modified or amended
except by a written agreement signed by either the CEO or CFO of
the Company and you.


 


We look forward to your favorable
reply and to working with you at Faraday & Future. Inc.


 




     


     


    

 





 


 


	SINCERELY.	 
	 	 
	/s/ Teddy Kang	 
	TEDDY KANG	 
	SENIOR RECRUITER	 
	FARADAY&FUTURE INC.	 
	 	 
	 	 
	DATE	 
	 	 
	Jiawei Wang	 
	AGREED TO AND ACCEPTED
    BY	 
	(Print Name)	 
	 	 
	/s/ Jiawei Wang	 
	Employee Signature	 
	 	 
	 	 
	1/23/2018	 
	DATE	 
	 	 
	 	 
	CONFIRMED START DATE