EXHIBIT 10.27

 

Monarch America, Inc.

 

 

Shaun Snowden 

1378 N. Ogden Street Apt 11 

Denver, CO 80218 

 

August 26, 2015 

 

Dear Mr. Shaun Snowden:

 

We are pleased to offer you a position with Monarch America, Inc., a Nevada
corporation (the "Company"), as its Chief Financial Officer, with a target
full-time start date of September 25, 2015. In this position you will be
expected to devote your full business time, attention and energies to the
performance of your duties with the Company. In your role as Chief Financial
Officer, you shall be the senior financial officer of the Company with principal
responsibility for the Company's financial, financial reporting, and accounting
functions, and shall perform such duties for the Company as are consistent with
the foregoing. You shall report directly to the president and the Board of the
Company.

 

For the initial three months, you will be paid based on an ammalized salary of
$82,000, less applicable taxes and withholdings. You will also be granted
1,000,000 shares of common stock, which will be restricted for one calendar year
from the grant date.

 

You will be expected work for the Company during normal business hours except to
the extent your duties require you to be traveling, and as your role and
responsibilities may additionally demand.

 

The Company will also reimburse you for all reasonable, ordinary and necessary
out-of-pocket business expenses incurred by you in conjunction with your
services to the Company consistent with the Company's standard reimbursement
policies. All reimbursement will be made against original receipts and otherwise
in accordance with the Company's general expense reimbursement policies and
procedures.

 

You should be aware that your employment with the Company constitutes "at-will"
employment. This means that your employment relationship with the Company may be
terminated at any time, with or without cause. Yon understand and agree that
neither your job performance nor promotions, commendations, bonuses or the like
from the Company give rise to or in any way serve as the basis for modification,
amendment, or extension, by implication or otherwise, of the terms of your
employment with the Company.

 

You agree that, during the term of your employment with the Company, you will
not engage in any other employment, occupation, consulting or other business
activity directly related to the business in which the Company is now involved
or becomes involved during the term of your employment, nor will you engage in
any other activities that conflict with your obligations to the Company.

 

 

 

 

Confidential

 

As a Company employee, you will be expected to abide by all federal or state
laws and in accordance of normal industry practices. You also agree to maintain
the confidentiality of all confidential and proprietmy information of the
Company and agree, as a condition of your employment, to enter into a standard
non-disclosure, non-compete, and non-solicit provisions and be incorporated
herein by reference, and the performance of which will be a condition to your
employment.

 

You agree that any dispute or claim relating to or ansmg out of our employment
relationship shall be fully and finally resolved by binding arbitration
conducted by the American Arbitration Association in the State of Colorado.
However, we agree that this arbitration provision shall not apply to disputes or
claims relating to or arising out of the misuse or misappropriation of the
Company's trade secrets or proprietary information.

 

This letter represents the entire agreement and understanding between you and
the Company concerning your employment relationship with the Company and
supersedes in its entirety all prior agreements and understandings concerning
your employment relationship with the Company, whether written or oral.

 

In accepting this offer, you represent and warrant to us that (a) you are not a
party to any employment agreement or other contract or anangement which
prohibits your full-time employment with the Company, (b) you do not know of any
conflict which would restrict your employment with the Company, and (c) you do
not have and will not bring with you to your employment with the Company any
document, record or other confidential infmmation belonging to a former
employer. Each of these representations and waranties is a matetial inducement
to the making of this offer and a condition to your continued employment, and
you agree that a termination of your employment by the Company in the event of a
breach of any of them would be with cause and not subject to an opportunity to
cure.

 

The terms of this letter may only be amended, canceled or discharged in writing
signed by you and an authorized director or officer of the Company and with
Board Directors approval. As this letter relates to employment to be performed
for a company with headquarters in the State of Colorado, this letter shall be
governed by the internal substantive laws, but not the choice of law rules, of
the State of Colorado. In the event that any provision hereof becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable, or
void, this letter shall continue in full force and effect without such
provision.

 

[Signature Page to Follow]

 

  Page 2 of 3

 

 

Confidential

 

To indicate your acceptance of the Company's offer, please sign and date this
letter in the space provided below and return it to me. A duplicate original is
enclosed for your records.

 

 

Sincerely,

Monarch America, Inc.

 

        By: /s/ Eric Hagen

 

 

 

Eric Hagen

 

 

 

President and CEO

 

 

ACCEPTED and AGREED TO this
11th day of September, 2015

 

 

[img001.jpg]

 

Page 3 of 3

--------------------------------------------------------------------------------