AMERICAN BATTERY TECHNOLOGY Co

Departure of Chief Financial Officer

On February 10, 2025, Paul McGarry notified the Company of his intent to step down as Interim Chief Financial Officer, effective February 21, 2025 (the “Retirement Date”). Mr. McGarry’s departure is not related to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

Appointment of Interim Chief Financial Officer

On February 13, 2025, the Board of Directors of the Company appointed Jesse Deutsch to serve as Interim Chief Financial Officer of the Company, effective February 21, 2025. The Board of Directors of the Company previously initiated, and continues, a diligent search for Mr. Deutsch’s permanent replacement.

Mr. Deutsch, 60, previously served as the Company’s Chief Financial Officer from May 22, 2023 to January 31, 2025. Mr. Deutsch is returning to the Company out of retirement following Mr. McGarry’s departure in order to serve as the Company’s Interim Chief Financial Officer while the Company conducts its search for his permanent replacement. Mr. Deutsch has over 25 years of finance experience in world-class multinational corporations in the U.S. and abroad. He has led several businesses through transformative high-growth phases and has completed more than 75 M&A transactions with strategic partners. He joins the Company with nearly 20 years serving in the role as Chief Financial Officer with global brands such as Kraft Foods and Aramark Inc., and over the course of his tenure has served in executive financial leadership roles at companies such as Visa, and Philip Morris. Mr. Deutsch has in-depth experience in establishing transformative finance processes and has led large systems implementations. He has an MBA from New York University and a Bachelor of Science in economics from The Wharton School of the University of Pennsylvania.

There is no arrangement or understanding between Mr. Deutsch and any other persons, pursuant to which he was selected as Interim Chief Financial Officer. Mr. Deutsch has not engaged in any transaction, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest. There are no family relationships between Mr. Deutsch and any director or executive officer of the Company.

On February 13, 2025, the Company entered into an Offer Letter (the “Offer Letter”) with Mr. Deutsch, pursuant to which Mr. Deutsch will be an at-will employee of the Company. Pursuant to the Offer Letter, Mr. Deutsch will receive an annual base salary of $280,000 and a one-time signing bonus of $25,000. The foregoing descriptions of the Offer Letter are qualified in their entirety by reference to the full text of the Offer Letter, a copy of which is filed as Exhibit 10.12 hereto, and the terms of which are incorporated by reference.