Exhibit 10.6
METAMATERIAL TECHNOLOGIES USA INC.
EXECUTIVE EMPLOYMENT AGREEMENT
This Employment Agreement (this “Agreement”) is entered into as of April 20, 2023 (the “Effective Date”), by and between Metamaterial Technologies USA Inc. (the “Company”) and Uzi Sasson (“Executive”) (collectively referred to as the “Parties” or individually referred to as a “Party”). The terms of this Agreement and Employee’s employment with the Company will be effective as of the Effective Date.
RECITALS
WHEREAS, the Company is a wholly owned subsidiary of Meta Materials Inc. (“Parent”) (together with any sister corporations or affiliates of the Company, the “Company Group”);
WHEREAS, the Company wishes to retain the services of Executive performed for the Company Group and to enter into an agreement embodying the terms of such employment; and
WHEREAS, the Executive desires to accept such employment on the terms and subject to the conditions set forth in this Agreement.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing recital and the respective undertakings of the Company and Executive set forth below, the Company and Executive agree as follows:
If to the Company:Metamaterial Technologies USA Inc.Attn: George Palikaras, President & CEO1 Research Drive, Dartmouth, Nova Scotia, Canada B2Y 4M9 If to Executive:at the last residential address known by the Company.
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IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by their duly authorized officers, as of the day and year set forth below.
COMPANY:
METAMATERIAL TECHNOLOGIES USA INC.
By:/s/ George Palikaras Date:
George Palikaras
President and Chief Executive Officer
EXECUTIVE:
/s/ Uzi Sasson Date:
Uzi Sasson
Chief Financial Officer and Chief Operating Officer
[SIGNATURE PAGE TO EXECUTIVE EMPLOYMENT AGREEMENT]