Exhibit
10.1


 





 


276
Greenpoint Ave, Ste 209, Brooklyn NY 11222, USA


Tel:
(631) 756-9116


E-mail:
info@cemtrex.com - www.cemtrex.com


 


December
24, 2020


 


Attn:
Mr. Christopher Moore


 


Re:
Employment Offer at Cemtrex Inc.


 


Dear
Chris,


 


In
accordance with our recent discussions, we are pleased to offer you a fulltime employment position here at Cemtrex Inc., as our
Chief Financial Officer. The following employment at will is agreed, effective your first date of employment, January 6, 2020,
the Start Date; however, subject to authorization to work in the United States. An acceptable background investigation may also
be required.


 


		1.	Your
                                         position shall be full-time as a Chief Financial Officer of Cemtrex primarily
                                         located in our office in Brooklyn, NY. The position reports directly to Saagar Govil,
                                         CEO of Cemtrex.



 


		2.	You
                                         have been classified in an exempt category with a starting base compensation of $195,000
                                         per year. Your base salary will increase annually by 3% on each anniversary of your
                                         employment.



 


		3.	You
                                         are entitled to two, semiannual bonus awards of 10% of your base salary (annually 20%),
                                         consistent with your performance towards the achievement of the Company’s Goals
                                         and Objectives, to be defined in mutual agreement prior to each 6-month interval.



 


		4.	You
                                         will receive a stock option for 150,000 common shares of Cemtrex at an exercise price
                                         based on the average closing price of the 5 preceding trading days prior to the Start
                                         Date. These options will vest 1/4th or 37,500 shares each year on the anniversary date
                                         of the Start Date and will be subject to the Company’s standard terms and conditions
                                         under federal securities and employment laws. The details of the option agreement will
                                         be outlined in a separate agreement from this one.



 






    	 



     


    

 


		5.	You
                                         will receive 1/26th of your salary on biweekly basis, less taxes and deductions. Our
                                         working hours are 8:30 AM to 5:00 pm Monday through Friday, however most personnel generally
                                         work longer hours. You will be eligible for all normal Company benefits as per the Company
                                         guidelines.



 


		6.	You
                                         will be entitled to three weeks of vacation per year subject to the guidelines regarding
                                         Company vacation policies. The waiting period to enroll in the Company’s health
                                         care plan will be waived.



 


		7.	Your
                                         primary duties are listed on the accompanied job description.



 


In
the event you are required to take a job-related course, your continued employment is contingent upon successful completion of
said course. Other conditions of employment are contained in the Cemtrex’s Employee Manual and any corresponding amendments,
which may be part of this agreement letter.


 


Please
confirm acceptance of this offer of employment at will, planned start date, and Employee Manual by signing and returning
the enclosed copy, as well as the Employee Manual acknowledgment form to myself within one week of receipt, to ensure on-time
processing of payroll and benefits. The first three (3) months of your employment will be your introductory period as is standard
per Company policy. At all times, including during and after completion of the introductory period (whether or not the introductory
period is completed to the full satisfaction of the Company), employment with the Company is considered to be at-will, and employment
may be terminated at any time for any lawful reason by either party.


 


I
am very enthusiastic about having you join our Company. I am confident that with your experience and skillset, you can help Cemtrex
reach new heights. I believe this position will provide you with the challenge you seek and a rewarding long-term career environment
where you can grow.


 


Very
truly yours,


 


	/s/
    Saagar Govil	 
	Saagar
    Govil 	 
	CEO	 
	Cemtrex
    Inc