EX-10.31 41 fs42021ex10-31_property.htm SIGN ON BONUS ADDENDUM LETTER DATED MARCH 11, 2018 BETWEEN CHUI TIN MOK AND FARADAY&FUTURE INC

Exhibit 10.31

 

 

March 11, 2018

 

Tin Mok

Tinsky2818@gmail.com

 

RE: addendum to the Offer Letter dated October 10, 2018

 

Dear Tin:

 

We are providing this letter in connection with the payment schedule of your Signing Bonus.

 

The company shall pay the $1,000,000 Signing Bonus in 10 equal instalments of $100,000

 

First instalment will be paid with the June 1, 2019 payroll, last installment paid with the October 31, 2019 payroll.

 

Bonus-related taxes will be withheld from each individual paycheck.

 

Sincerely,

 

/s/ Yoyo Yang  
Yoyo Yang  
VP, Human Resources  
   
March 26, 2019 | 5:47 PM PDT  
   
DATE  
   
Tin mok  
AGREED TO AND ACCEPTED BY (Print Name)  
   
/s/ Tin Mok  
Employee Signature  
   
May 2, 2019 | 12:10 PM PDT  
   
DATE  

 

18455 S Figueroa St. Los Angeles, CA 90248 | FF.com | +1 800.228.7702