SEC Contract Filing

Filing Date: 2022-11-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ea168513ex10-1_akoustistech.htm
<DESCRIPTION>AMENDMENT TO 2018 STOCK INCENTIVE PLAN
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>AMENDMENT<BR>
TO<BR>
2018 STOCK INCENTIVE PLAN<BR>
OF<BR>
AKOUSTIS TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">This Amendment (&ldquo;<U>Amendment</U>&rdquo;)
to the 2018 Stock Incentive Plan (as amended, the &ldquo;<U>Existing Plan</U>&rdquo;; as amended hereby, the &ldquo;<U>Plan</U>&rdquo;)
of Akoustis Technologies, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), is adopted by the Company&rsquo;s Board of
Directors (the &ldquo;<U>Board</U>&rdquo;) as of August&nbsp;26, 2022, subject to approval by the Company&rsquo;s stockholders (the &ldquo;<U>Stockholders</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Statement of Purpose</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The Existing Plan was originally
approved by the Board on August&nbsp;24, 2018, and by the Stockholders on November&nbsp;1, 2018, upon which date it became effective.
Under Section&nbsp;16(a)&nbsp;of the Existing Plan, the Board may amend the Existing Plan at any time, contingent on the approval of the
Stockholders if Stockholder approval is required by applicable law. The Board has determined that it is in the best interests of the Company
to amend the Existing Plan to: (1)&nbsp;increase the number of shares authorized for issuance and (2)&nbsp;increase the number of shares
that may be issued as Incentive Stock Options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, the Existing
Plan is hereby amended as follows, subject to the approval of the Stockholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">1. <U>Capitalized
Terms</U>. All capitalized terms used and not defined in this Amendment shall have the meanings given thereto
in the Existing Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">2.&nbsp;<U>Amendment to Existing
Plan</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Section&nbsp;5(a)&nbsp;&ldquo;<I>Shares
of Stock Subject to the Plan</I>:&rdquo; is hereby deleted in its entirety and replaced with the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;(a)&nbsp;<I>Shares of Stock Subject
to the Plan</I>: Subject to adjustments as provided in this Section&nbsp;5, the maximum aggregate number of shares of Common Stock that
may be issued pursuant to Awards granted under the Plan shall not exceed 12,000,000&nbsp;shares, plus any shares subject to an award granted
under any of the Prior Plans, which Prior Plan award is at any time forfeited, cancelled, terminated, expires or lapses for any reason
without the issuance of shares or pursuant to which such shares are forfeited or reacquired by the Company. Shares delivered under the
Plan shall be authorized but unissued shares, treasury shares or shares purchased on the open market or by private purchase. The Company
hereby reserves sufficient authorized shares of Common Stock to meet the grant of Awards hereunder.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Section&nbsp;5(b)(i)&nbsp;is
hereby deleted in its entirety and replaced with the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;The maximum aggregate number of
shares of Common Stock that may be issued under the Plan pursuant to the grant of Incentive Options shall not exceed 12,000,000&nbsp;shares
of Common Stock.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">3.&nbsp;<U>Reference to and
Effect on the Plan</U>. The Plan, as amended hereby, and all other documents, instruments and agreements executed
or delivere