Axion Power International Inc (AXPWQ)

[buckmaster6985]

AXPW shareholders funded this by the last R/S

Effective as of September 2, 2016, Axion Power International, Inc. (the "Company") entered into an employment contract with Richard Bogan, its Chief Executive Officer.
The term of the Employment Agreement begins effective as of September 1, 2016
and continues until August 31, 2019;

· Mr. Bogan will receive an annual salary of $300,000 during the term of the
Executive Employment Agreement;
· Mr. Bogan will receive stock options as determined by the Board of Directors
Mr. Bogan and the Company agree, for a
period of two years after the termination of Mr. Bogan's employment with the
If, within one month after the termination of Mr. Bogan's employment with the
Company, he is unable to find employment due solely to the Non-Competition
Agreement, the provisions of the Non-Competition Agreement will continue in
effect so long as the Company continues to pay Mr. Bogan an amount equal to
his base pay at the time of his termination (the "Termination Payments"). The
Termination Payments will continue for a period of 23 months or until the
Company gives Mr. Bogan written permission to accept conflicting employment