SEC Contract Filing

Filing Date: 2023-01-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dp187337_ex1001.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.1</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SEPARATION
AGREEMENT AND GENERAL RELEASE</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">AGREEMENT made as
of this 20th day of January, by and between Randall Gonzales (the &ldquo;Employee&rdquo;) and EOS ENERGY ENTERPRISES, INC., with offices
at 3920 Park Avenue, Edison, NJ 08820 (the &ldquo;Company&rdquo;):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS, the Employee
has been employed by the Company as Chief Financial Officer (the &ldquo;Position&rdquo;); and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS, the Employee
has indicated that Employee intends to resign from the office of Chief Financial Officer effective January 23, 2023, and from Employee&rsquo;s
employment with the Company effective as of January 31, 2022 (the &ldquo;Separation Date&rdquo;); and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS, the Company
has requested and the Employee has agreed to remain available for consultation for purposes of transitioning knowledge as reasonably
requested by the Company; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS, consistent
with his prior service to the Company and his undertaking of cooperation in transition, the Company is nonetheless desirous of providing
exit benefits to the Employee to assist him following his voluntary resignation and termination of employment; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS, the Company
and the Employee are now mutually desirous of setting forth the parties&rsquo; respective rights and obligations and resolving any and
all issues, claims, potential claims, disputes and disagreements between them amicably and in an orderly fashion;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE, the
parties intending to be legally bound, mutually agree as follows:</FONT></P>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>The
 Employee&rsquo;s Severance of Employment; Coverage Under the Company&rsquo;s Group Health
 Insurance Plans; Continuation Coverage; Payment Therefor.</U></FONT></TD></TR></TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT> &#9;The parties agree that the Employee&rsquo;s employment with the Company shall continue through the Separation Date and cease
for all purposes effective on the Separation Date. The Employee shall continue to utilize full-time and best efforts, as required by
the Company, through the Separation Date. Unless otherwise advised and authorized, to do so, Employee shall not hold himself out after
the Separation Date as an Employee, agent or representative of the Company and shall have no authority to bind the Company or any of
its affiliates in any manner. The Employee shall also be deemed to have resigned from the office of Chief Financial Officer on January
23, 2023, and any other corporate officer or corporate director position which he held as an incident of his employment with the Company
as of January 23, 2023, and further agrees, at the Company&rsquo;s request, to take all reasonably necessary steps to effectuate such
resignation(s).</FONT></P>

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