Attached files

file filename
8-K - Sunworks, Inc.solar3d8kaug2014.txt

                                  EXHIBIT 10.1

    SECOND AMENDMENT TO RESTRICTED STOCK GRANT AGREEMENT WITH JAMES B. NELSON


SECOND AMENDMENT TO RESTRICTED STOCK GRANT AGREEMENT This Second Amendment to Restricted Stock Grant Agreement (the "Amendment") is made as of this 26th day of August 2014 by and between Solar3D, Inc., a Delaware corporation ("Solar3D"), and James B. Nelson ("Grantee") with respect to the following facts: RECITALS A. Solar3D and Grantee have entered into that certain Restricted Stock Grant Agreement, dated as of September 23, 2013, as amended on May 1, 2014 (collectively, the "Agreement"). B. Solar3D and Grantee believe it is in the best interests of both Solar3D and Grantee to amend the timing for issuance of vested Shares under the Agreement. C. The terms used in this Amendment will have the meanings ascribed to them in the Agreement unless otherwise defined herein. NOW, THEREFORE, for one dollar and other good and valuable consideration, THE PARTIES HERETO AGREE AS FOLLOWS: 1. AMENDMENT. --------- The last sentence of Section 2.2 of the Agreement is hereby amended and restated as follows: "The monthly vested Shares, if any, shall be issued to the Grantee within five (5) business days after the last day of each month." 2. EFFECT OF AMENDMENT. ------------------- The Agreement will remain in full force and effect except as specifically modified by this Amendment. In the event of any conflict between the Amendment and the Agreement, the terms of this Amendment will govern. 3. COUNTERPARTS. ------------ This Amendment may be executed simultaneously in any number of counterparts, each of which counterparts will be deemed to be an original and such counterparts will constitute but one and the same instrument. -1-
IN WITNESS WHEREOF, this Amendment is executed as of the date first above written. SOLAR3D: SOLAR3D, INC. By:/s/ Emil Beitpolous ---------------------------------------- Emil Beitpolous, Director By:/s/ Mark J. Richardson ---------------------------------------- Mark J. Richardson, Director GRANTEE: /s/ James B. Nelson ---------------------------------------- James B. Nelson -2