SEC Contract Filing

Filing Date: 2025-04-25

Document Content:
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<TYPE>EX-10.1
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<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <title>i-80 Gold Corp.: Exhibit 10.1 - Filed by newsfilecorp.com</title>
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 <p style="text-align: center;"><b>SENIOR EXECUTIVE EMPLOYMENT AGREEMENT</b></p>
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 <p style="text-align: center;"><b>THIS AGREEMENT </b>is made the<b> </b>24th day of April, 2025 (the "<b>Effective Date</b>").</p>
 <p style="text-align: center;">BETWEEN:</p>
 <p style="margin-bottom: 0pt; text-align: center;"><b>i-80 GOLD CORP.</b></p>
 <p style="margin-top: 0pt; text-align: center;">a company incorporated under the laws of the Province of British Columbia<br>(hereinafter called "<b>i-80 Gold</b>" or the "<b>Corporation</b>")</p>
 <p style="text-align: center;">- and -</p>
 <p style="text-align: center;"><b>William Paul Chawrun</b><br>an individual resident in Toronto, in the Province of Ontario<br>(hereinafter called the "<b>Executive</b>")</p>
 <p style="text-indent: 36pt; text-align: justify;"><b>WHEREAS</b> <b>i-80 Gold </b>and the Executive (and, collectively, the "<b>Parties</b>") acknowledge the importance of ensuring that the Executive is employed on fair and reasonable terms;</p>
 <p style="text-indent: 36pt; text-align: justify;"><b>AND WHEREAS</b> the Executive is expected to commence employment on 30, April, 2025;</p>
 <p style="text-indent: 36pt; text-align: justify;"><b>AND WHEREAS </b>the Corporation wishes to formalize these terms pursuant to a formal employment agreement which includes additional consideration including, but not limited to, benefits continuation or a lump sum payment of benefit premiums in lieu of continuation upon termination without cause among other consideration;</p>
 <p style="text-indent: 36pt; text-align: justify;"><b>AND WHEREAS</b> the Corporation wishes to ensure that the Executive will be committed to the success of the Corporation, and that the Executive will devote their full professional time and energy to the operations of i-80 Gold<b> </b>and, as such, the Corporation is offering employment to the Executive on the terms and conditions set forth in this employment agreement (the "<b>Agreement</b>");</p>
 <p style="text-indent: 36pt; text-align: justify;"><b>NOW THEREFORE</b>, in consideration of the Executive's commitment to perform their duties in a professional and competent manner, the mutual covenants contained herein and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:</p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><b>1.</b><font style="width: 28.26pt; text-indent: 0pt; display: inline-block;">&#160;</font><u><b>Employment</b></u></p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;">1.1<font style="width: 23.34pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Employment</b> - i-80 Gold<b> </b>agrees to employ, and the Executive hereby accepts employment with i-80 Gold, on a full-time basis as its <b>Chief Operating Officer </b>("<b>COO</b>") on the terms set out in this Agreement. In this position, the Executive shall report to the Corporation's Chief Executive Officer.</p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;">1.2<font style="width: 23.34pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Start Date</b> - Your start date will be April 30, 2025.</p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;">1.3<font style="width: 23.34pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Responsibilities and Duties</b> - As <b>COO</b> the Executive shall perform the duties and responsibilities outlined in Schedule "A" to this Agreement, and such other duties and responsibilities as may be assigned to the Executive, which are commensurate with the Executive's role. The Executive agrees that they will act in the best interests of i-80 Gold<b> </b>and that they will faithfully discharge their duties and responsibilities hereunder to the best of their abilities. The Executive will devote their full professional time and attention to the business and affairs of i-80 Gold<b> </b>and, given their senior executive role, the Executive acknowledges that their hours of work will vary from time to time, and may include long days and weekends, and travel, depending on the needs of the business.</p>
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 <p style="text-align: right;">Private and Confidential</p>
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 <p style="margin-left: 36pt; text-align: justify;">The Executive agrees that they shall not undertake any additional business or occupation or become a director, officer, employee or agent of any other Person without obtaining prior written approval from i-80 Gold. The Executive hereby represents and warrants that they have disclosed to i-80 Gold<b> </b>any outside employment or consulting work or any other offices or directorships held by them on the Effective Date as outlined in Schedule "B" attached hereto. i-80 Gold<b> </b>hereby approves the Executive's continued involvement in those roles, provided that these external activities will not unduly interfere with the performance of their duties and responsibilities on behalf of i-80 Gold.</p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;">1.4<font style="width: 23.34pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Term</b> - The terms of this Agreement shall commence on the Effective Date and shall continue for an indefinite period until this Agreement and the Ex