SEC Contract Filing

Filing Date: 2019-07-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>envision_ex1001.htm
<DESCRIPTION>OFFER LETTER TO KATHERINE H. MCDERMOTT
<TEXT>
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 <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">Exhibit 10.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ENVISION LETTERHEAD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 12, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Katherine H. McDermott</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[address]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Katherine:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On behalf of Envision Solar International
(the &ldquo;<B><I>Company</I></B>&rdquo;), it is my pleasure to offer you the position of Chief Financial Officer. This letter
constitutes the entire agreement relating to the terms of your employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The terms set forth below shall be effective
as of your date of hire, which is anticipated to be July 23, 2019 (the &ldquo;<B><I>Effective Date</I></B>&rdquo;), conditioned
upon approval by the Company&rsquo;s Board of Directors and its Compensation Committee. If the terms as stated below are not approved
by the Board of Directors and its Compensation Committee, you will be notified before the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Title and Base Salary</U>.</B> Your
title will be <B>Chief Financial Officer</B> and you will report directly to me. As of the Effective Date, your annual base salary
shall be $220,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Bonus Compensation</U>.</B> In addition
to your base salary, you will be eligible for an annual incentive cash bonus, as determined by the Compensation Committee within
ninety (90) days of the Effective Date. Your annual incentive cash bonus shall have a target equal to 20% of your base salary as
of the Effective Date, prorated for the portion of year during which you are employed by the Company. The target bonus and its
components, the Company performance goals, and your individual objectives shall be determined and documented by the Compensation
Committee of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Equity Awards</U>. </B>Concurrent
with the commencement of your employment with the Company, you will be granted an option to purchase shares of common stock of
the Company (&ldquo;<B><I>Company Common Stock</I></B>&rdquo;) as follows, under the terms and conditions of a Non-Qualified Stock
Option Agreement (an &ldquo;<B><I>Option</I></B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; width: 30%; border: Black 1pt solid; font-size: 10pt; text-align: center">Strike Price<SUP>*</SUP></TD>
 <TD STYLE="white-space: nowrap; width: 30%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">Number of Shares</TD></TR>
<TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: center">FMV</TD>
 <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">49,104</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>*</SUP> FMV = the price of a share of the Company&rsquo;s
common stock at close of market on the date of grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your Option shall vest and become exercisable
in 48 equal monthly installments, with the first such monthly vesting date taking place on August 31, 2019 and subsequent vesting
dates on the last day of the next 47 months thereafter, subject to your continued service through the applicable vesting date.
The option grant will be subject to the terms of the applicable equity compensation plan or arrangement in effect at the time of
grant. You should be aware that you may incur federal and state income taxes as a result of your receipt or the vesting of any
equity compensation awards and it shall be your responsibility to pay any such applicable taxes.</P>

<P STYLE="fo