SEC Contract Filing

Filing Date: 2023-08-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea184398ex10-1_safeandgreen.htm
<DESCRIPTION>OFFER LETTER WITH VANESSA VILLAVERDE AND THE COMPANY
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<IMG SRC="ex10-1_001.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">August 28<SUP>th</SUP>, 2023</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Ms. Villaverde</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">vvs6@georgetown.edu</P>

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 <TD STYLE="width: 0.45in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Re:</B></FONT></TD>
 <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Offer Letter &ndash; Safe &amp; Green Holdings Corp.</U></B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.45in"> </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Dear Ms. Villaverde:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in">Safe &amp; Green Holdings
Corp., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo; or &ldquo;<B>SGBX</B>&rdquo;), is pleased to offer you a position as a
member of its Board of Directors (the &ldquo;<B>Board</B>&rdquo;) effective August 24<SUP>th</SUP>, 2023. While a member of the Board
of Directors, you shall serve initially as a member of the Nominating, Environmental, Social and Corporate Governance Committee. We believe
your background and experience will be an important asset to the Company, and we look forward to your membership on the team. Should you
choose to accept this position as a member of the Board, please sign and return this letter agreement (the &ldquo;<B>Agreement</B>&rdquo;)
to me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in"><B>1. <U>Term</U>.</B>
This Agreement is contingent upon Board approval. It will become effective upon your acceptance and signature below and Board
approval. Your term as director shall continue subject to the provisions of this letter and by bylaws of the Company. The position
may be up for re-election in accordance with the bylaws of the Company and upon re-election, the terms and provisions of this
Agreement shall remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in"><B>2. <U>Services</U>. </B>You
shall render services as a member of the Board and upon the Board&rsquo;s committees to which you are elected (hereinafter your
&ldquo;<B>Duties</B>&rdquo;). During the term of this Agreement, you shall attend and participate in such number of meetings of the
Board and of the committee(s) of which you are a member as regularly or specially called. You may attend and participate at each
such meeting via teleconference, video conference or in person. You shall consult with the other members of the Board and
committee(s) as necessary via telephone, electronic mail, or other forms of correspondence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.45in"><B>3. <U>Compensation</U>.</B>
As compensation for your services to the Company, you will receive $80,000 in cash per year for serving on the Board and for
committee service, which shall be paid to you quarterly. You shall also receive per year a grant of RSU&rsquo;s under the
Corporation&rsquo;s Stock Incentive Plan, as amended and subject to approval of the plan increase and acceptance at the Special
Shareholders&rsquo; Meeting on September 28, 2023, having a value of $80,000 on the date of grant, vesting quarterly over two years,
subject to your continued service as a director through such date. Reasonable travel and other business expenses incurred by you in
the performance of your duties to the Company will be reimbursed by the Company in accordance with Company policies as in effect
from time to time.</P>

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