AMENDMENT NO. 1 TO CONTRACTOR AGREEMENT
Amendment No. 1 to Contractor Agreement, dated September 6, 2022 (the "Amendment"), by and between 5E Advanced Materials, Inc., a Delaware corporation, having its principal place of business at 19500 State Highway 249, Suite 125, Houston, Texas 77070 ("Principal"), and JAWAF Enterprises Pty Ltd (ABN 80 607 150 130), an Australian proprietary limited company, having a corporate address at PO Box 102, Gordon NSW 2072 ("Contractor"), and together with "Principal", the "Parties", and each, a "Party").
WHEREAS, the Parties have entered into a Contractor Agreement, dated February 14, 2022 (the "Existing Agreement"); and
WHEREAS, the Parties hereto desire to amend the Existing Agreement to include an expanded scope of work and realignment of fees based on the expanded scope of work on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
"Agreed Fee" means Fees will be payable in respect of Services performed as follows:
Initial three months to 30 June 2022 - A$25,000 per month
1 July 2022 to 31 July 2022 - A$15,000 per month
1 August 2022 to 31 December 2022 - A$60,000 per month where the Contractor has agreed to cover all direct Contractor expenses associated with this period. However, certain expenses such as preapproved business travel on behalf of the Company may be reimbursed at the sole discretion of the Company.
"- Ad hoc support to CEO across the Fort Cady and Salt Wells projects and public markets
- Continue to support CEO and head of IR with public market initiatives with particular focus on
Australian investors
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- Continue to facilitate handover of key shareholder relationships
- In combination with supporting investment banks, arrange and deliver Australian / Asian NDR in
April 2022 with CEO and head of IR
- Where relevant, review and comment on ASX compliance and releases
- Join 5E Advisory Council"
from Schedule A Services and substituting in lieu thereof the words:
"- Full-Time engagement for a period not to exceed five (5) months with 5E CEO, Chief Marketing Officer ("CMO"), Senior VP Corporate Development and IR, and other 5E executives as requested in public market strategy and initiatives in US and Australian markets.
- Continue support to CEO, CMO, and other 5E designees to transition Australian shareholder relationships to US based team.
- Continue to facilitate handover of shareholder relationships.
- Assist in development of 5E story presentation for Retail Equity Advisor and Institutional investor meetings and conference presentations closely coordinating efforts with the CEO to avoid a duplication of work or inconsistent messaging to stakeholders.
- Assist in fundraising strategy development and support CEO, CMO and SVP IR and Corporate Development in the execution of this strategy.
- Support CMO and SVP IR and Corporate Development in arranging and introducing 5E story presentations to Australian private and institutional investors.
- Keep the 5E General Counsel and Corporate Secretary apprised of activities and services carried out hereunder to facilitate an assessment of compliance with various laws, regulations, policies and guidelines."
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IN WITNESS WHEREOF, the Parties have executed this Amendment on the date first written above.
| 5E ADVANCED MATERIALS, INC. |
| By_____________________ Name: Paul Weibel Title: Chief Financial Officer
|
| JAWAF ENTERPRISES PTY LTD (ABN 80 607 150 130) |
| By_____________________ Name: Anthony Hall Title: Sole Director / Secretary |
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