Document:

Lithium Exploration Group, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

CONSULTING AGREEMENT

       THIS AGREEMENT
is dated and effective as of the 1st day of January, 2014.

BETWEEN:

	
      LITHIUM EXPLORATION GROUP INC. of 3200 N. Hayden Road, Suite
      235, Scottsdale, Arizona 85251 

      (the “Company”) 

AND:

	
      INTERNATIONAL COMPASS, LLC for the services of Bryan Kleinlein,
      P.O. Box 80936, Phoenix, Arizona 85060 

      (the “Contractor”) 

       WHEREAS:

A. the Company has retained the Contractor to provide the
Company with the services of Chief Financial Offer in regards to the Company’s
management and operations (the “Services”); and

B. the Contractor has agreed to provide the Services to the
Company on the terms and conditions of this Agreement.

       NOW THEREFORE
THIS AGREEMENT WITNESSES that in consideration of the mutual covenants
and promises set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged by each, the parties
hereto agree as follows:

ARTICLE I
APPOINTMENT AND AUTHORITY OF
CONTRACTOR

1.1 Appointment of Contractor. The Company hereby
appoints the Contractor to perform the Services for the benefit of the Company
as hereinafter set forth, and the Company hereby authorizes the Contractor to
exercise such powers as provided under this Agreement. The Contractor accepts
such appointment on the terms and conditions herein set forth.

1.2 Performance of Services. The Services hereunder have
been and shall continue to be provided on the basis of the following terms and
conditions:

	 	(a) 	
      the Services shall include those services customarily
      provided by a Chief Financial Officer of public companies, including such
      other management advisory services as may be reasonably requested by the
      Company from time to time;

2

	 	(b) 	
      the Contractor shall report directly to the Board of
      Directors of the Company;

	 	 	 
	 	(c) 	
      the Contractor shall faithfully, honestly and diligently
      serve the Company and cooperate with the Company and utilize maximum
      professional skill and care to ensure that all services rendered
      hereunder, are to the satisfaction of the Company, acting reasonably, and
      the Contractor shall provide any other services not specifically mentioned
      herein, but which by reason of the Contractor’s capability the Contractor
      knows or ought to know to be necessary to ensure that the best interests
      of the Company are maintained; and

	 	 	 
	 	(d) 	
      the Company shall report the results of the Contractor’s
      duties hereunder as may be requested by the Company from time to
    time.

1.3 Key Representative. It shall be a material term of
this Agreement that Mr. Brian Kleinlein shall serve as Contractor’s
representative in performing the Services hereunder. The Contractor shall not be
entitled to delegate any services hereunder to a representative other than Mr.
Kleinlein without the express prior written approval of the Company at its sole
discretion. 

1.4 Independent Contractor. In performing the Services,
the Contractor shall be an independent contractor and not an employee or agent
of the Company, except that the Contractor shall be the agent of the Company
solely in circumstances where the Contractor must be the agent to carry out its
obligations as set forth in this Agreement. Nothing in this Agreement shall be
deemed to require the Contractor to provide the Services exclusively to the
Company and the Contractor hereby acknowledges that the Company is not required
and shall not be required to make any remittances and payments required of
employers by statute on the Contractor’s behalf and the Contractor or any of its
agents shall not be entitled to the fringe benefits provided by the Company to
its employees.

ARTICLE II
CONTRACTOR’S AGREEMENTS

2.1 Expense Statements. The Contractor may incur
reasonable expenses in the name of the Company provided that such expenses
relate solely to the carrying out of the Services. The Contractor will
immediately forward all invoices for expenses incurred on behalf of and in the
name of the Company and the Company agrees to pay said invoices directly on a
timely basis.

2.2 Regulatory Compliance. The Contractor agrees to
comply with all applicable securities legislation and regulatory policies in
relation to providing the Services, including but not limited to United States
securities laws (in particular, Regulation FD) and the policies of the United
States Securities and Exchange Commission. 

2.3 Prohibition Against Insider Trading. The Contractor
hereby acknowledges that the Contractor is aware, and further agrees that the
Contractor will advise those of its directors, officers, employees and agents
who may have access to Confidential Information, that United States securities
laws prohibit any person who has material, non-public information about a
company from purchasing or selling securities of such a company or from
communicating such information to any other person under circumstances in which
it is reasonably foreseeable that such person is likely to purchase or sell such
securities. 

3

ARTICLE III
COMPANY’S AGREEMENTS

3.1 Compensation. The Contractor shall receive payment
of USD$12,000 per month, payable on the 1st of every month for the term of this
Agreement, as compensation for providing the Services pursuant to the terms of
this Agreement (the “Compensation”). The Compensation will, at the sole
discretion of the Company, be paid in cash and/or common shares of the Company
registered with the Securities and Exchange Commission on Form S-8
(“Compensation Shares”). Any Compensation Shares issued shall be issued
to the Contractor on a going forward, monthly basis provided that this Agreement
remains in force at such time and has not been terminated by the parties hereto.
The number of any Compensation Shares issued to the Contractor shall be based on
volume weighted average trading close price of the Company’s common shares in
the five (5) trading days immediately preceding the applicable dates upon which
the Compensation Shares become due. The Compensation Shares, if any, shall be
registered to “Bryan Kleinlein”.

3.2 Voting of Compensation Shares. The Contractor
covenants and agrees that, with respect to the shares that it receives from the
exercise of Compensation Shares, it shall, at all times that it is the
beneficial owner of such shares, vote such shares on all matters coming before
it as a stockholder of the Company in the same manner as the majority of the
board of directors of the Company shall recommend.

3.3 Information. Subject to the terms of this Agreement,
including without limitation Article V hereof, and provided that the Contractor
agrees that it will not disclose any material non-public information to any
person or entity, the Company shall make available to the Contractor such
information and data and shall permit the Contractor to have access to such
documents as are reasonably necessary to enable it to perform the Services under
this Agreement. The Company also agrees that it will act reasonably and promptly
in reviewing materials submitted to it from time to time by the Contractor and
inform the Contractor of any material inaccuracies or omissions in such
materials.

3.4 Pro Rata Compensation. The Contractor acknowledges
and agrees that any Compensation Shares, if any, will be subject to cancellation
in the event that this Agreement is terminated for any reason before such
Compensation Shares have been paid fully for by the provision of Services, and
that the Company’s obligation to issue the balance of the Compensation Shares
which have not been fully paid for will terminate immediately upon early
termination of this Agreement. If the Agreement is terminated prior to the end
of the Term, the Compensation that the Contractor is entitled to receive in
respect of such month shall be calculated by reference to the following
formula:

$12,000 X A
30

A = the number of days of the month up to and including the
date of termination.

For greater certainty no fractional Compensation Shares will be
issued but the Contractor will be entitled to receive one whole Share if, but
for this section, the Contractor would otherwise be entitled to receive a
fractional Share.

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ARTICLE IV
DURATION, TERMINATION AND
DEFAULT

4.1 Effective Date. This Agreement shall become
effective as of January 1, 2014 (the “Effective Date”), and shall
continue for a period of 12 months thereafter (the “Term”) or until
earlier terminated pursuant to the terms of this Agreement.

4.2 Termination. Without prejudicing any other rights
that the Company may have hereunder or at law or in equity, the Company may
terminate this Agreement immediately upon delivery of written notice to the
Contractor if:

	 	(a) 	
      the Contractor breaches Article II of this
    Agreement;

	 	 	 
	 	(b) 	
      the Contractor breaches any other material term of this
      Agreement and such breach is not cured to the reasonable satisfaction of
      the Company within thirty (30) days after written notice describing the
      breach in reasonable detail is delivered to the Contractor;

	 	 	 
	 	(c) 	
      the Company acting reasonably determines that the
      Contractor has acted, is acting or is likely to act in a manner
      detrimental to the Company or has violated or is likely to violate the
      confidentiality of any information as provided for in this
    Agreement;

	 	 	 
	 	(d) 	
      the Contractor is unable or unwilling to perform the
      Services under this Agreement;

	 	 	 
	 	(e) 	
      the Contractor commits fraud, serious neglect or
      misconduct in the discharge of the Services; or

	 	 	 
	 	(f) 	
      five (5) days of notice is delivered by the Company to
      the Contractor, for greater clarity, with or without cause of termination
      of this Agreement.

4.3 Duties Upon Termination. Upon termination of this
Agreement for any reason, the Contractor shall upon receipt of all sums due and
owing, promptly deliver the following in accordance with the directions of the
Company:

	 	(a) 	
      a final accounting, reflecting the balance of expenses
      incurred on behalf of the Company as of the date of termination;
  and

	 	 	 
	 	(b) 	
      all documents pertaining to the Company or this
      Agreement, including but not limited to, all books of account,
      correspondence and contracts, provided that the Contractor shall be
      entitled thereafter to inspect, examine and copy all of the documents
      which it delivers in accordance with this provision at all reasonable
      times upon three (3) days’ notice to the Company.

4.4 Compensation of Contractor on Termination. Upon
termination of this Agreement by the Company under Section 4.2 of this
Agreement, the Contractor shall be entitled to receive as its full and sole
compensation in discharge of obligations of the Company to the Contractor under
this Agreement all sums due and payable under this Agreement to the date of
termination and the Contractor shall have no right to receive any further
payments; provided, however, that the Company shall have the right to offset
against any payment owing to the Contractor under this Agreement any damages, liabilities, costs
or expenses suffered by the Company by reason of the fraud, negligence or
willful act of the Contractor, to the extent such right has not been waived by
the Company. Upon termination of this Agreement by the Company without cause,
the Contractor shall be entitled to a severance payment equivalent to three
months of the cash compensation fee specified in Section 3.1. Any shares
unvested at the time of termination shall be cancelled and returned to
treasury.

5

ARTICLE V
CONFIDENTIALITY AND
NON-COMPETITION

5.1 Maintenance of Confidential Information. The
Contractor acknowledges that in the course of its appointment hereunder the
Contractor will, either directly or indirectly, have access to and be entrusted
with information (whether oral, written or by inspection) relating to the
Company or its respective affiliates, associates or customers (the
“Confidential Information”). For the purposes of this Agreement,
“Confidential Information” includes, without limitation, any and all
Developments (as defined herein), trade secrets, inventions, innovations,
techniques, processes, formulas, drawings, designs, products, systems,
creations, improvements, documentation, data, specifications, technical reports,
customer lists, supplier lists, distributor lists, distribution channels and
methods, retailer lists, reseller lists, employee information, financial
information, sales or marketing plans, competitive analysis reports and any
other thing or information whatsoever, whether copyrightable or uncopyrightable
or patentable or unpatentable. The Contractor acknowledges that the Confidential
Information constitutes a proprietary right, which the Company is entitled to
protect. Accordingly the Contractor covenants and agrees that during the Term
and thereafter until such time as all the Confidential Information becomes
publicly known and made generally available through no action or inaction of the
Contractor, the Contractor will keep in strict confidence the Confidential
Information and shall not, without prior written consent of the Company in each
instance, disclose, use or otherwise disseminate the Confidential Information,
directly or indirectly, to any third party.

5.2 Exceptions. The general prohibition contained in
Section 5.1 against the unauthorized disclosure, use or dissemination of the
Confidential Information shall not apply in respect of any Confidential
Information that:

	 	(a) 	
      is available to the public generally in the form
      disclosed;

	 	 	 
	 	(b) 	
      becomes part of the public domain through no fault of the
      Contractor;

	 	 	 
	 	(c) 	
      is already in the lawful possession of the Contractor at
      the time of receipt of the Confidential Information; or

	 	 	 
	 	(d) 	
      is compelled by applicable law to be disclosed, provided
      that the Contractor gives the Company prompt written notice of such
      requirement prior to such disclosure and provides assistance in obtaining
      an order protecting the Confidential Information from public
      disclosure.

5.3 Developments. Any information, data, work product or
any other thing or documentation whatsoever which the Contractor, either by
itself or in conjunction with any third party, conceives, makes, develops,
acquires or acquires knowledge of during the Contractor’s appointment with the
Company or which the Contractor, either by itself or in conjunction with any
third party, shall conceive, make, develop, acquire or acquire knowledge of
(collectively the “Developments”) during the Term or at any time
thereafter during which the Contractor is engaged by the Company that is related to the business of
mining property acquisition and exploration shall automatically form part of the
Confidential Information and shall become and remain the sole and exclusive
property of the Company. Accordingly, the Contractor does hereby irrevocably,
exclusively and absolutely assign, transfer and convey to the Company in
perpetuity all worldwide right, title and interest in and to any and all
Developments and other rights of whatsoever nature and kind in or arising from
or pertaining to all such Developments created or produced by the Contractor
during the course of performing this Agreement, including, without limitation,
the right to effect any registration in the world to protect the foregoing
rights. The Company shall have the sole, absolute and unlimited right throughout
the world, therefore, to protect the Developments by patent, copyright,
industrial design, trademark or otherwise and to make, have made, use,
reconstruct, repair, modify, reproduce, publish, distribute and sell the
Developments, in whole or in part, or combine the Developments with any other
matter, or not use the Developments at all, as the Company sees fit.

6

5.4 Protection of Developments. The Contractor does
hereby agree that, both before and after the termination of this Agreement, the
Contractor shall perform such further acts and execute and deliver such further
instruments, writings, documents and assurances (including, without limitation,
specific assignments and other documentation which may be required anywhere in
the world to register evidence of ownership of the rights assigned pursuant
hereto) as the Company shall reasonably require in order to give full effect to
the true intent and purpose of the assignment made under Section 5.1 hereof. If
the Company is for any reason unable, after reasonable effort, to secure
execution by the Contractor on documents needed to effect any registration or to
apply for or prosecute any right or protection relating to the Developments, the
Contractor hereby designates and appoints the Company and its duly authorized
officers and agents as the Contractor’s agent and attorney to act for and in the
Contractor’s behalf and stead to execute and file any such document and do all
other lawfully permitted acts necessary or advisable in the opinion of the
Company to effect such registration or to apply for or prosecute such right or
protection, with the same legal force and effect as if executed by the
Contractor.

5.5 Remedies. The parties to this Agreement recognize
that any violation or threatened violation by the Contractor of any of the
provisions contained in this Article V will result in immediate and irreparable
damage to the Company and that the Company could not adequately be compensated
for such damage by monetary award alone. Accordingly, the Contractor agrees that
in the event of any such violation or threatened violation, the Company shall,
in addition to any other remedies available to the Company at law or in equity,
be entitled as a matter of right to apply to such relief by way of restraining
order, temporary or permanent injunction and to such other relief as any court
of competent jurisdiction may deem just and proper.

5.6 Reasonable Restrictions. The Contractor agrees that
all restrictions in this Article V are reasonable and valid, and all defenses to
the strict enforcement thereof by the Company are hereby waived by the
Contractor.

ARTICLE VI
DEVOTION TO CONTRACT

6.1 Devotion to Contract. During the term of this
Agreement, the Contractor shall devote sufficient time, attention, and ability
to the business of the Company, and to any associated company, as is reasonably
necessary for the proper performance of the Services pursuant to this Agreement.
Nothing contained herein shall be deemed to require the Contractor to devote its
exclusive time, attention and ability to the business of the Company. During the
term of this Agreement, the Contractor shall, and shall cause
each of its agents assigned to performance of the Services on behalf of the
Contractor, to:

7

	 	(a) 	
      at all times perform the Services faithfully, diligently,
      to the best of its abilities and in the best interests of the
    Company;

	 	 	 
	 	(b) 	
      devote such of its time, labour and attention to the
      business of the Company as is necessary for the proper performance of the
      Services hereunder; and

	 	 	 
	 	(c) 	
      refrain from acting in any manner contrary to the best
      interests of the Company or contrary to the duties of the Contractor as
      contemplated herein.

6.2 Other Activities. The Contractor shall not be
precluded from acting in a function similar to that contemplated under this
Agreement for any other person, firm or company.

ARTICLE VII
PRIVATE PLACEMENT OF COMPENSATION
SHARES

7.1 Documents Required from Contractor. The Contractor
shall complete, sign and return to the Company as soon as possible, on request
by the Company, such additional documents, notices and undertakings as may be
required by regulatory authorities and applicable law.

7.2 Acknowledgements of Contractor. The Contractor
acknowledges and agrees that:

	 	(a) 	
      the Contractor agrees and acknowledges that none of the
      Compensation Shares have been registered under the Securities Act of 1933
      or under any state securities or “blue sky” laws of any state of the
      United States, and, unless so registered, may not be offered or sold in
      the United States or, directly or indirectly, to U.S. Persons (as that
      term is defined in Regulation S under the Securities Act of 1933), except
      in accordance with the provisions of Regulation S, pursuant to an
      effective registration statement under the Securities Act of 1933, or
      pursuant to an exemption from, or in a transaction not subject to, the
      registration requirements of the Securities Act of 1933 and in each case
      only in accordance with applicable state securities laws.

	 	 	 
	 	(b) 	
      the Contractor has not acquired the Compensation Shares
      as a result of, and will not itself engage in, any “directed selling
      efforts” (as defined in Regulation S under the 1933 Act) in the United
      States in respect of any of the Securities which would include any
      activities undertaken for the purpose of, or that could reasonably be
      expected to have the effect of, conditioning the market in the United
      States for the resale of any of the Compensation Shares; provided,
      however, that the Contractor may sell or otherwise dispose of any of the
      Compensation Shares pursuant to registration thereof under the 1933 Act
      and any applicable state securities laws or under an exemption from such
      registration requirements;

	 	 	 
	 	(c) 	
      the Compensation Shares will be subject in the United
      States to a hold period from the date of issuance of the Compensation
      Shares unless such Compensation Shares are registered with the Securities
      and Exchange Commission (“SEC”);

8

	 	(d) 	
      the decision to execute this Agreement and purchase the
      Compensation Shares agreed to be purchased hereunder has not been based
      upon any oral or written representation as to fact or otherwise made by or
      on behalf of the Company other than those made by the Company in the
      information the Company has filed with the SEC;

	 	 	 
	 	(e) 	
      it will indemnify and hold harmless the Company and,
      where applicable, its directors, officers, employees, agents, advisors and
      shareholders from and against any and all loss, liability, claim, damage
      and expense whatsoever (including, but not limited to, any and all fees,
      costs and expenses whatsoever reasonably incurred in investigating,
      preparing or defending against any claim, lawsuit, administrative
      proceeding or investigation whether commenced or threatened) arising out
      of or based upon any representation or warranty of the Contractor
      contained herein or in any document furnished by the Contractor to the
      Company in connection herewith being untrue in any material respect or any
      breach or failure by the Contractor to comply with any covenant or
      agreement made by the Contractor to the Company in connection
      therewith;

	 	 	 
	 	(f) 	
      the issuance and sale of the Compensation Shares to the
      Contractor will not be completed if it would be unlawful;

	 	 	 
	 	(g) 	
      the Compensation Shares are not listed on any stock
      exchange or subject to quotation and no representation has been made to
      the Contractor that the Compensation Shares will become listed on any
      other stock exchange or subject to quotation on any other quotation system
      except that market makers are currently making markets in the Company’s
      common stock on the OTC Bulletin Board;

	 	 	 
	 	(h) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Compensation Shares;

	 	 	 
	 	(i) 	
      there is no government or other insurance covering the
      Compensation Shares;

	 	 	 
	 	(j) 	
      there are risks associated with an investment in the
      Compensation Shares, including the risk that the Contractor could lose all
      of its investment;

	 	 	 
	 	(k) 	
      the Contractor and the Contractor’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Company in connection with the distribution of the Compensation Shares
      hereunder, and to obtain additional information, to the extent possessed
      or obtainable without unreasonable effort or expense, necessary to verify
      the accuracy of the information about the Company;

	 	 	 
	 	(l) 	
      the books and records of the Company were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Contractor during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Compensation Shares hereunder have
      been made available for inspection by the Contractor, the Contractor’s
      lawyer and/or advisor(s);

	 	 	 
	 	(m) 	
      the Company will refuse to register any transfer of the
      Compensation Shares not made in accordance with the provisions of
      Regulation S, pursuant to an effective registration statement under the 1933 Act or pursuant to
      an available exemption from the registration requirements of the 1933
  Act;

9

	 	(n) 	
      the statutory and regulatory basis for the exemption
      claimed for the offer of the Compensation Shares, although in technical
      compliance with Regulation S, would not be available if the offering is
      part of a plan or scheme to evade the registration provisions of the 1933
      Act; and

	 	 	 	 
	 	(o) 	
      the Contractor has been advised to consult the
      Contractor’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Compensation Shares and with respect to
      applicable resale restrictions, and it is solely responsible (and the
      Company is not in any way responsible) for compliance with:

	 	 	 	 
	 		(i) 	
      any applicable laws of the jurisdiction in which the
      Contractor is resident in connection with the distribution of the
      Compensation Shares hereunder; and

	 	 	 	 
	 		(ii) 	
      applicable resale restrictions.

7.3 Representations, Warranties and Covenants of the
Contractor. The Contractor hereby represents and warrants to and covenants
with the Company (which representations, warranties and covenants shall survive
the end of the expiry of the Term or early termination of this Agreement)
that:

	 	(a) 	
      the Contractor is a U.S. Person and is an “accredited
      investor” as that term is defined in Rule 501 of Regulation D promulgated
      under the 1933 Act;

	 	 	 
	 	(b) 	
      the Contractor is not acquiring the Compensation Shares
      for the account or benefit of, directly or indirectly, any U.S.
    Person;

	 	 	 
	 	(c) 	
      the sale of the Compensation Shares to the Contractor as
      contemplated in this Agreement complies with or is exempt from the
      applicable securities legislation of the jurisdiction of residence of the
      Contractor;

	 	 	 
	 	(d) 	
      the Contractor is acquiring the Compensation Shares for
      investment only and not with a view to resale or distribution and, in
      particular, it has no intention to distribute either directly or
      indirectly any of the Compensation Shares in the United States or to U.S.
      Persons;

	 	 	 
	 	(e) 	
      the Contractor is executing this Agreement and is
      acquiring the Compensation Shares as principal for the Contractor’s own
      account, for investment purposes only, and not with a view to, or for,
      resale, distribution or fractionalisation thereof, in whole or in part,
      and no other person has a direct or indirect beneficial interest in such
      Compensation Shares;

	 	 	 
	 	(f) 	
      the entering into of this Agreement and the transactions
      contemplated hereby have been duly authorized by all necessary corporate
      action on the part of the Contractor;

10

	 	(g) 	
      the entering into of this Agreement and the transactions
      contemplated thereby will not result in the violation of any of the terms
      and provisions of any law applicable to the Contractor, or of any
      agreement, written or oral, to which the Contractor may be a party or by
      which the Contractor is or may be bound;

	 	 	 
	 	(h) 	
      the Contractor has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the
      Contractor enforceable against the Contractor in accordance with its
      terms;

	 	 	 
	 	(i) 	
      the Contractor has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the prospective investment in the Compensation Shares
      and the Company;

	 	 	 
	 	(j) 	
      the Contractor is not an underwriter of, or dealer in,
      the common shares of the Company, nor is the Contractor participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Compensation Shares;

	 	 	 
	 	(k) 	
      the Contractor is not aware of any advertisement of
      pertaining to the Company or any of the Compensation Shares; and

	 	 	 
	 	(l) 	
      no person has made to the Contractor any written or oral
      representations:

	 	
      (i) 
	
      that any person will resell or repurchase any of the
      Compensation Shares;

	 	
       
	 
	 	
      (ii) 
	
      that any person will refund the purchase price of any of
      the Compensation Shares;

	 	
       
	 
	 	
      (iii) 
	
      as to the future price or value of any of the
      Compensation Shares; or

	 	
       
	 
	 	
      (iv) 
	
      that any of the Compensation Shares will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the
      Compensation Shares of the Company on any stock exchange or automated
      dealer quotation system, except that currently certain market makers make
      market in the common shares of the Company on the OTC Bulletin
    Board.

ARTICLE VIII
MISCELLANEOUS

8.1 Notices. All notices required or allowed to be given
under this Agreement shall be made either personally by delivery to or by
facsimile transmission to the address provided on the first page of this
Agreement, or to such other address as may be designated from time to time by
such party in writing.

8.2 Independent Legal Advice. The Contractor
acknowledges that:

	 	(a) 	
      the Contractor has been requested to obtain his own
      independent legal advice on this Agreement prior to signing this
      Agreement;

	 	 	 
	 	(b) 	
      the Contractor has been given adequate time to obtain
      independent legal advice;

11

	 	(c) 	
      by signing this Agreement, the Contractor confirms that
      he fully understands this Agreement; and

	 	 	 
	 	(d) 	
      by signing this Agreement without first obtaining
      independent legal advice, the Contractor waives his right to obtain
      independent legal advice.

8.3 Change of Address. Any party may, from time to time,
change its address for service hereunder by written notice to the other party in
the manner aforesaid.

8.4 Entire Agreement. As of from the date hereof, any
and all previous agreements, written or oral between the parties hereto or on
their behalf relating to the appointment of the Contractor by the Company are
null and void. The parties hereto agree that they have expressed herein their
entire understanding and agreement concerning the subject matter of this
Agreement and it is expressly agreed that no implied covenant, condition, term
or reservation or prior representation or warranty shall be read into this
Agreement relating to or concerning the subject matter hereof or any matter or
operation provided for herein.

8.5 Further Assurances. Each party hereto will promptly
and duly execute and deliver to the other party such further documents and
assurances and take such further action as such other party may from time to
time reasonably request in order to more effectively carry out the intent and
purpose of this Agreement and to establish and protect the rights and remedies
created or intended to be created hereby.

8.6 Waiver. No provision hereof shall be deemed waived
and no breach excused, unless such waiver or consent excusing the breach is made
in writing and signed by the party to be charged with such waiver or consent. A
waiver by a party of any provision of this Agreement shall not be construed as a
waiver of a further breach of the same provision.

8.7 Amendments in Writing. No amendment, modification or
rescission of this Agreement shall be effective unless set forth in writing and
signed by the parties hereto.

8.8 Assignment. Except as herein expressly provided, the
respective rights and obligations of the Contractor and the Company under this
Agreement shall not be assignable by either party without the written consent of
the other party and shall, subject to the foregoing, enure to the benefit of and
be binding upon the Contractor and the Company and their permitted successors or
assigns. Nothing herein expressed or implied is intended to confer on any person
other than the parties hereto any rights, remedies, obligations or liabilities
under or by reason of this Agreement.

8.9 Severability. In the event that any provision
contained in this Agreement shall be declared invalid, illegal or unenforceable
by a court or other lawful authority of competent jurisdiction, such provision
shall be deemed not to affect or impair the validity or enforceability of any
other provision of this Agreement, which shall continue to have full force and
effect.

8.10 Headings. The headings in this Agreement are
inserted for convenience of reference only and shall not affect the construction
or interpretation of this Agreement.

8.11 Number and Gender. Wherever the singular or
masculine or neuter is used in this Agreement, the same shall be construed as
meaning the plural or feminine or a body politic or corporate and vice versa
where the context so requires.

12

8.12 Time. Time is of the essence of this Agreement. In
the event that any day on or before which any action is required to be taken
hereunder is not a business day, then such action shall be required to be taken
at or before the requisite time on the next succeeding day that is a business
day. For the purposes of this Agreement, “business day” means a day which is not
Saturday or Sunday or a statutory holiday in Reno, Nevada, U.S.A.

8.13 Enurement. This Agreement is intended to bind and
enure to the benefit of the Company, its successors and assigns, and the
Contractor and the personal legal representatives of the Contractor.

8.14 Counterparts. This Agreement may be executed in
several counterparts, each of which will be deemed to be an original and all of
which will together constitute one and the same instrument.

8.15 Currency. Unless otherwise provided, all dollar
amounts referred to in this Agreement are in lawful money of the United States
of America.

8.16 Electronic Means. Delivery of an executed copy of
this Agreement by electronic facsimile transmission or other means of electronic
communication capable of producing a printed copy will be deemed to be execution
and delivery of this Agreement as of the effective date of this Agreement.

8.17 Proper Law. This Agreement will be governed by and
construed in accordance with the law of the State of Nevada. The parties hereby
attorn to the jurisdiction of the Courts in the State of Nevada.

       IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and
year first above written.

LITHIUM EXPLORATION GROUP INC.

	Per: /s/Alex
      Walsh 	 
	Name: Alexander Walsh 	 
	Position: President/CEO 	 

Date: January 1, 2014

INTERNATIONAL COMPASS, LLC

	Per: /s/Bryan
      Kleinlein 	 
	Name: Bryan Kleinlein 	 
	Position: CEO/International Compass, LLC 	 

Date: January 1, 2014Exhibit 10.1

 

	

    	
 
    	
Worldwide Headquarters

243 Daniel Webster Highway

Merrimack, NH 03054
    

 

Phone:   +1 603.883.5200

Fax:   +1 603.595.6993

www.gtat.com

 

December 16, 2013

 

K. Raja S. Bal

22 Hathaway Road

Lexington, MA  02420

 

Dear Raja,

 

Congratulations!  GT Advanced Technologies is pleased to confirm our offer of employment to you.  Upon acceptance of this offer, we look forward to your joining us on Monday, January 06, 2014  as Vice President, Corporate Controller & CAO.  You will be located at the Merrimack, NH office, reporting to Rick Gaynor, VP & Chief Financial Officer.

 

You will receive a bi-weekly amount of $8,846.15 ($230,000 when annualized).

 

In addition, a sign-on-bonus of $50,000 payable after, one year from the date of hire, with continuous employment for GT Advanced Technologies.

 

You shall be eligible to participate in the GT Advanced Technologies Management Incentive Program (MIP)  at a target bonus in the amount of 40% of your base salary at 100% of plan objectives, prorated for partial year participation.  You will be provided with a copy of the CY 2014 plan.

 

Upon hire, you will receive an equity grant consisting of 45,000 restricted stock units, subject to all terms, restrictions, limitations and terminations set forth in the RSU Agreement, to be furnished by the Company.  The restricted stock units shall vest over three years.   Vesting is contingent upon continued employment with GTAT.

 

Subject to the approval of the Compensation Committee of the Board of Directors, upon hire, you will be provided with Change in Control protection, with specific information dealing with your participation in the GT Advanced Technologies equity program.

 

You will also be eligible to participate in the following benefits: Medical, Dental, Vision, Life and AD&D, Short Term and Long Term Disability, Flexible Spending Accounts, and the GT Advanced Technologies 401(k) Retirement Savings Plan. You will be eligible to receive paid time off annually in the amount of 3 weeks for purposes of vacation and 6 sick days.  The company also maintains 11 paid holidays annually.  Vacation time is an accrued benefit.  Details of these plans can be found on the benefit summary that is enclosed.

 

In accordance with our policy, this offer is contingent upon successfully completing pre-employment background and drug screening. Background checks may include criminal and credit history, verification of education and employment with your previous employers, as well as a five panel drug screen. Enclosed are forms for your reference.

 

 

A copy of the GT Advanced Technologies Proprietary Rights and Confidentiality Agreement is enclosed for your review and signature prior to employment.

 

As a condition of employment, you are required to show proof of citizenship, permanent residence in the U.S., or authorization to work in the U.S. within three business days of your date of hire. Employment at GT Advanced Technologies is at will. This letter provides a summary of the proposed key terms of your employment with the company; however none of the terms of this letter are  binding on either party.

 

This offer is valid for three working days from time of receipt.  After you have carefully read this letter and the GT Advanced Technologies Incorporated Proprietary Rights and Confidentiality Agreement, please sign a copy of each and return to the Human Resources department in the enclosed FedEx envelope along with the background check authorization form.  Please retain one copy of each document for your files.

 

Raja, we are very pleased that you are joining the GT Advanced Technologies team.  We feel confident that you can make a significant contribution to the success of our company and we look forward to working with you in the near future.

 

	
Sincerely,
    	
 
    
	
 
    	
 
    
	
/s/Susan   Sulesky
    	
 
    
	
Susan   Sulesky
    	
 
    
	
Human   Resources Generalist
    	
 
    

 

 

	
 
    	
Agreed and acknowledged:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
K. Raja S. Bal
    
	
 
    	
Name (Print)
    
	
 
    	
 
    	
 
    
	
 
    	
/s/K. Raja S. Bal 
    	
12/20/2013
    	
 
    
	
 
    	
Signature 
    	
Date
    	
 
    
	
 
    	
 
    
	
 
    	
01/13/2014
    
	
 
    	
Start Date

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