SEC Contract Filing

Filing Date: 2024-09-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101-employmentagreement.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i36ab906b1eec4a7593a5fcd881ae10d6_40"></div><div style="min-height:72pt;width:100%"><div style="padding-right:2.1pt;text-align:right"><img alt="image_0.jpg" src="image_0.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:122px"></div></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CONTRACT OF EMPLOYMENT</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> (the &#8220;</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Contract</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">made on the 28</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:7.8pt;font-weight:400;line-height:120%;position:relative;top:-4.2pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> of August 2024</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> between</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FREYR Battery Norway AS </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(organisation number&#58; 929 340 019)<br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(hereinafter referred to as the &#8220;</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Company</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221; or the &#8220;</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Employer</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">and</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Tom Einar Jensen</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(hereinafter referred to as the &#34;</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Employee</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#34;)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:39.7pt;text-indent:-39.7pt"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:14.00pt">1.</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:12pt;font-weight:700;line-height:14.00pt;padding-left:28.27pt">Position, term, place of work, reporting line</font></div><div style="margin-bottom:12pt;padding-left:39.7pt;text-align:justify;text-indent:-39.7pt"><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:400;line-height:14.00pt">1.1.</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:400;line-height:14.00pt;padding-left:21.88pt">In accordance with the decision of the board of directors of FREYR Battery, Inc. (hereinafter referred to as the </font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">&#8220;Board&#8221;</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:400;line-height:14.00pt">)</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:14.00pt">,</font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:400;line-height:14.00pt"> the Employee is employed by the Company to act as </font><font style="color:#000000;font-family:'Trebuchet MS',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">Chief Executive Officer</font><font style="color:#000000;font-family:'Trebu