Document:

Amendment to Altair Executive Employment Agreement

    Exhibit
      10.1

    
AMENDMENT

    TO

    ALTAIR
      EXECUTIVE EMPLOYMENT AGREEMENT

     

    THIS
      AMENDMENT TO ALTAIR EXECUTIVE EMPLOYMENT AGREEMENT (the “Amendment”) is made and
      entered into this 17th day of August, 2007, by and between Altairnano, Inc.
      f/k/a Altair Nanomaterials, Inc., a Nevada corporation (the “Company”), Altair
      Nanotechnologies Inc., a Canadian corporation (“Parent”) and Alan Gotcher
      (“Employee”).

    

    R
      E C
      I T A L S

    

    WHEREAS,
      on February 17, 2006, the Company, Parent and Employee entered into that certain
      Employment Agreement (the “Agreement”) pursuant to which, among other things the
      Company agreed to pay Employee and Employee agreed to accept a specified
      severance benefit if Employee’s employment is terminated by the Company prior to
      February 17, 2009 without cause or by Employee with good reason, and in either
      case 90 days before or within one year after a change of control;
      and

    

    WHEREAS,
      the Company and Employee desire to amend the terms of the severance
      benefit.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the matters set forth in the Agreement and for
      other good and valuable consideration, the receipt and sufficiency of which
      is
      hereby acknowledged, the parties hereto agree as follows:

    

    1.    Amendment
      of Section 7.4.
      Section
      7.4 of the Agreement is hereby amended and restated in its entirety to read
      as
      follows:

     

    7.4    Termination
      by Company Without Cause Subsequent to Change of Control.
      If
      Employee's employment is terminated by the Company without Cause pursuant to
      Section 6.2 prior to the Expiration of the Term and within ninety (90) days
      prior to and one year after a Change of Control Event then, in addition to
      complying with the requirements of Section 7.1, the Company shall, upon receipt
      of a written release from Employee in form and substance reasonably satisfactory
      to the Company with respect to all liabilities arising prior to and in
      connection with such termination (other than under Options and this Section),
      continue to pay, when due in accordance with Section 4.1, to or for the benefit
      of Employee or, if applicable, his heirs or estate, as their rights may be,
      one
      hundred percent (100%) of any and all payments of: (i) annual base salary
      through the period ending on the 24-month anniversary of the effective date
      of
      the termination of Employee’s services; (ii) 100% of the Company
      health benefits coverage then in effect (with Company /Employee contributions
      remaining the same as during the period immediately prior to termination)
through
      the period ending on the 24-month anniversary of the effective date of the
      termination of Employee’s services; and (iii) a bonus equal to eighty percent
      (80%) of Employee’s
      annual base salary for the year in which termination of Employee’s services
      occurs, payable in one lump sum within 30 days of the end of such year. A
Change
      of
      Control Event means (a) any capital reorganization, reclassification of the
      capital stock of Parent, consolidation or merger of Parent with another
      corporation in which Parent is not the survivor (other than a transaction
      effective solely for the purpose of changing the jurisdiction of incorporation
      of Parent), (b) the sale, transfer or other disposition of all or substantially
      all of the Consolidated Company’s assets to another entity, (c) the acquisition
      by a single person (or two or more persons acting as a group, as a group is
      defined for purposes of Section 13(d)(3) under the Securities Exchange Act
      of
      1934, as amended) of more than 40% of the outstanding common shares of Parent.
      

     

    Except
      for the amendment set forth above, the Agreement and all provisions thereof
      shall remain in full force and effect.

     

     

    [Remainder
      of Page Intentionally Left Blank; Signature Page to Follow]

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, Employee has signed this Amendment to Altair Executive
      Employment Agreement personally and the Company and Parent have caused this
      Amendment to be executed by their duly authorized representatives. 

    

    
      	 	COMPANY: 
	 	 
	 	ALTAIRNANO, INC. 
	 	a Nevada corporation 
	 	 
	 	By: /s/
              Edward
              Dickinson                                               
	 	Name: /s/
              Edward
              Dickinson                                        
               
	 	Title: Secretary
              /
              Treasurer                                           
                                      
	 	 
	 	PARENT: 
	 	 
	 	ALTAIR NANOTECHNOLOGIES
              INC. 
	 	a Canadian corporation 
	 	 
	 	By: /s/
              Jon
              Bengtson                                                       
               
	 	Name: /s/
              Jon
              Bengtson                                                    
	 	Title: Chairman                                                                  
                
	 	 
	 	EMPLOYEE: 
	 	 
	 	/s/ Alan
              Gotcher                                                               
               
	 	
              Alan
                Gotcher, an individual 

            

    

     

     

    2Amendment to Altair Executive Employment Agreement

    Exhibit
      10.2

     

    AMENDMENT

    TO

    ALTAIR
      EXECUTIVE EMPLOYMENT AGREEMENT

    

    

    THIS
      AMENDMENT TO ALTAIR EXECUTIVE EMPLOYMENT AGREEMENT (the “Amendment”) is made and
      entered into this 17th day of August, 2007, by and between Altairnano, Inc.
      f/k/a Altair Nanomaterials, Inc., a Nevada corporation (the “Company”), Altair
      Nanotechnologies Inc., a Canadian corporation (“Parent”) and Edward Dickinson
      (“Employee”).

     

    R
      E C
      I T A L S

    

    WHEREAS,
      on February 17, 2006, the Company, Parent and Employee entered into that certain
      Employment Agreement (the “Agreement”) pursuant to which, among other things the
      Company agreed to pay Employee and Employee agreed to accept a specified
      severance benefit if Employee’s employment is terminated by the Company prior to
      February 17, 2008 without cause or by Employee with good reason, and in either
      case 90 days before or within one year after a change of control;
      and

    

    WHEREAS,
      the Company and Employee desire to amend the terms of the severance
      benefit.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the matters set forth in the Agreement and for
      other good and valuable consideration, the receipt and sufficiency of which
      is
      hereby acknowledged, the parties hereto agree as follows:

    

    1.    Amendment
      of Section 7.4.
      Section
      7.4 of the Agreement is hereby amended and restated in its entirety to read
      as
      follows:

    

    7.4    Termination
      by Company Without Cause Subsequent to Change of Control.
      If
      Employee's employment is terminated by the Company without Cause pursuant to
      Section 6.2 prior to the Expiration of the Term and within ninety (90) days
      prior to and one year after a Change of Control Event then, in addition to
      complying with the requirements of Section 7.1, the Company shall, upon receipt
      of a written release from Employee in form and substance reasonably satisfactory
      to the Company with respect to all liabilities arising prior to and in
      connection with such termination (other than under Options and this Section),
      continue to pay, when due in accordance with Section 4.1, to or for the benefit
      of Employee or, if applicable, his heirs or estate, as their rights may be,
      one
      hundred percent (100%) of any and all payments of: (i) annual base salary
      through the period ending on the 18-month anniversary of the effective date
      of
      the termination of Employee’s services; (ii) 100% of the Company health benefits
      coverage then in effect (with Company /Employee contributions remaining the
      same
      as during the period immediately prior to termination) through the period ending
      on the 18-month anniversary of the effective date of the termination of
      Employee’s services; and (iii) a bonus equal to sixty percent (60%) of
      Employee’s annual base salary for the year in which termination of Employee’s
      services occurs, payable in one lump sum within 30 days of the end of such
      year.
      A Change of Control Event means (a) any capital reorganization, reclassification
      of the capital stock of Parent, consolidation or merger of Parent with another
      corporation in which Parent is not the survivor (other than a transaction
      effective solely for the purpose of changing the jurisdiction of incorporation
      of Parent), (b) the sale, transfer or other disposition of all or substantially
      all of the Consolidated Company’s assets to another entity, (c) the acquisition
      by a single person (or two or more persons acting as a group, as a group is
      defined for purposes of Section 13(d)(3) under the Securities Exchange Act
      of
      1934, as amended) of more than 40% of the outstanding common shares of Parent.
      

     

    Except
      for the amendment set forth above, the Agreement and all provisions thereof
      shall remain in full force and effect.

     

     

    [Remainder
      of Page Intentionally Left Blank; Signature Page to Follow]

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, Employee has signed this Amendment to Altair Executive
      Employment Agreement personally and the Company and Parent have caused this
      Amendment to be executed by their duly authorized representatives. 

     

    
      	 	COMPANY: 
	 	 
	 	ALTAIRNANO, INC. 
	 	a Nevada corporation 
	 	 
	 	By: /s/
              Alan
              Gotcher                                               
               
	 	Name: /s/
              Alan
              Gotcher                                          
               
	 	Title: President
              /
              CEO                                             
               
	 	 
	 	PARENT: 
	 	 
	 	ALTAIR NANOTECHNOLOGIES
              INC. 
	 	a Canadian corporation 
	 	 
	 	By: /s/
              Alan
              Gotcher                                                 
	 	Name: /s/
              Alan
              Gotcher                                          
               
	 	Title: President
              /
              CEO                                              
               
	 	 
	 	EMPLOYEE: 
	 	 
	 	/s/ Edward
              Dickinson                                                
	 	Edward Dickinson, an
              individual 

    

     

    

    2

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