Exhibit 10.8

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement (“Agreement”) is entered into on the 5th day of
August, 2019, effective as of the 1st day of July, 2019, between VIVI HOLDINGS,
INC., a Delaware corporation (the “Company”), whose address is 951 Yamato Road,
Suite 101, Boca Raton, Florida 33431 and David Greenberg, an individual, whose
address is listed below his signature (“Employee”).

BACKGROUND

 

WHEREAS, the Company desires to hire the Employee;

WHEREAS, Employee desires to be hired by the Company and understands this
Agreement and acknowledges that he has been given a fair opportunity to discuss
it with an attorney.

 

NOW, THEREFORE, in consideration of the representations, covenants and promises
contained in this Agreement and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and
Employee, each intending to be legally bound, agree as follows:

 

TERMS

 

1.                  Background. The Background statements set forth above are
true and correct and are incorporated into this Agreement.

 

2.                  Term of Employment. The Company hereby employs Employee as
its Chief Operating Officer to perform the duties described in Section 3 and
Employee hereby accepts such employment by the Company, on the terms and
conditions herein contained and subject to the policies and procedures adopted
by the Company from time to time, for a term of one year commencing on July 1,
2019 (the “Term”).

 

3.                  Duties.

 

A.                General Duties. As Chief Operating Officer of the Company,
Employee will have general responsibility for the oversight of the operation of
the Company and such other powers and duties customary to such position.
Employee shall perform his duties and obligations hereunder diligently and
faithfully, and with Employee’s application of his abilities, skills and
judgment and in accordance with ethical and professional standards.

B.                 Additional Activities. Employee agrees that during the Term
of this Agreement she shall not: (i) engage in other business activities of any
kind which would give rise to a conflict of interest for Employee with respect
to his duties and obligations to the Company and under this Agreement, (ii)
directly or indirectly, engage in any activities which may damage the business
of the Company or which may adversely affect the goodwill, reputation or
business relations of the Company with its customers, the public generally or
with any of its other employees. Notwithstanding the foregoing or any other
provision of this Agreement or any Company policy, Employee may freely engage in
any capacity in any other professional, academic, civic or other activity,
including, without limitation, as an investor, director or advisor, which
activity does not create a conflict of interest with his duties to the Company
or harm the reputation or business of the Company.

 

4.                  Compensation. The Company shall pay Employee a base monthly
salary of $10,000.00 per month and then $20,000.00 when the Company receives its
next round of financing (the “Compensation”).

(a)Bonus - Employee will be eligible to participate in a bonus program
commensurate with employee’s performance and the profitability of the Company
should the Company Board of Directors implement a bonus program. All
determinations of the payment and amounts of a bonus, if awarded, shall be at
the sole discretion of the Company’s Board of Directors, based upon the
recommendations given to the Board by the managers of the Company. The Board may
amend and change the bonus program at any time in its sole discretion. In the
event the Board of Directors implements a bonus program, notwithstanding the
Employee will be eligible to participate, does not mean that any bonus award
will necessarily be granted to Employee. Any such bonus grant is completely at
the discretion of the Board of Directors.

 

(b)Equity Incentive Plan. Employee will be eligible to participate in the 2018
Equity Incentive Plan (the “Plan”) should the Company Board of Directors approve
participation in the plan. All determinations of any award under the Plan, if
awarded, shall be at the sole discretion of the Company’s Board of Directors.
The Board may amend and change the Plan at any time in its sole discretion. In
the event the Board of Directors implements a Plan, notwithstanding the Employee
will be eligible to participate, does not mean that any award under the Plan
will necessarily be granted to Employee. Any such Plan award is completely at
the discretion of the Board of Directors.

 

(c)Stock Grant. Employee hereby is granted 300,000 shares of the common stock of
the Company, to be vested upon signing.

 

5.                  Benefits. During the Term, Employee shall have the ability
to participate in the benefits, adopted by the Company for its employees
similarly situated to Employee, such as health (the “Benefits”). Presently, the
Company pays fifty percent (50%) of an employee’s health insurance. The Employee
shall be entitled to take vacation days, and sick/personal days in each calendar
year as determined by Company policy.

6.                  Reimbursement of Expenses. During the Term, the Company may
reimburse Employee for all preapproved ordinary and necessary business expenses,
incurred by him in connection with the performance of his responsibilities and
duties hereunder. Reimbursement of any such expenses subject to submission by
Employee to the Company of vouchers itemizing such expenses in a form
satisfactory to the Company, properly identifying the nature, amount and
business purpose of any such expenditure, in accordance with the then current
policies established by the Manager.

 

7.                  Termination.

 

A.                With Cause. This Agreement may be terminated by the Company
“for cause”, subject to the cure period as specified below, in any of the
following circumstances:

(i)                 Employee commits any act or acts of fraud, misappropriation
or dishonesty related to his service at the Company;

(ii)               Employee intentionally fails to perform his duties or
obligations or Employee violates any provision of this Agreement, including, but
not limited to, the restrictive covenants;

(iii)             Employee violates any other agreement between the Company and
Employee or for the benefit of Company or otherwise fails to comply with the
standards, directions, policies and regulations of the Company which in either
case has material harm to the Company;

(iv)             Employee is convicted, pleads guilty to, or pleads no contest
to a felony crime or any crime involving dishonesty, fraud or violence in any
state or federal court within the United States; or

(v)               Employee engages in any illegal or inappropriate activity
which, in the sole and absolute discretion of the Company, is detrimental to the
reputation, goodwill or business operations of the Company or which reflects
adversely upon, or has an adverse impact on, the Company.

 

The Company agrees to provide the Employee with written notice of the for cause
circumstances and provide the Employee with a cure period of 5 days to correct
the deficiency as noted by the Company. Should the Employee fail to cure the for
cause deficiency within said 20 day period, then a termination by the Company
for cause under this Section 7.A shall be effective immediately after the
expiration of the cure period set forth in the foregoing sentence without
further notice to Employee.

 

B.                 Without Cause. The Employee’s Term of employment may be
terminated by the Company for any reason or no reason, to be effective upon
thirty (30) days prior written notice given by the Company to Employee. However,
in the first ninety (90) days, Employee’s Term of employment may be terminated
by the Company for any reason or no reason, to be effective immediately upon
written notification to Employee.

C.                 Event of Disability. If, during the Term, Employee shall be
unable to perform the material parts of Employee’s duties (a) for a period
exceeding ninety (90) consecutive calendar days, or (b) for a total of one
hundred eighty (180) non-consecutive calendar days during any period of twelve
(12) consecutive months, by reason of illness or incapacity as determined by a
physician mutually acceptable to the Company and Employee (either referred to
herein as an “Event of Disability”), the Employee’s Term of employment may be
terminated by the Company. A termination by the Company under this Section 7.A
shall be effective immediately upon the date set forth in a written notice of
termination delivered by the Company to Employee.

 

D.                Death. The Employee’s Term of employment shall immediately
terminate upon the date of the death of Employee.

 

8.                  The Party's Rights on Termination.

 

A.                No Further Compensation. Upon termination as set forth in
Section 7, Employee shall not be entitled to any further compensation or
benefits.

 

B.                 Severance. No severance will be due under this Agreement.

 

C.                 Full Settlement. The payments provided under this Agreement
are in full settlement of any claims Employee may have against the Company
arising out of Employee’s termination, including, but not limited to, any claims
for discrimination or wrongful discharge; provided, however, any rights or
obligations of the parties under any other agreement or plan, such as any
pension, stock option, shareholder or other plan or agreement shall be governed
by such other plan or agreement.

 

9.                  Employee's Duty of Loyalty and Fiduciary Obligations.
Employee has a fiduciary obligation to the Company, which requires Employee to
exercise due diligence and good faith in any dealings which may affect the
Company and to always act in the Company's best interests.

 

10.              Representations of Employee. Employee represents and warrants
to the Company that he is not subject to any restriction or non-competition
covenant in favor of a former employer or any other person or entity, and that
the execution of this Agreement by Employee and her provision of services to the
Company and the performance of her obligations hereunder will not violate or be
a breach of any agreement with a former employer or any other person or entity.
Further, Employee agrees to indemnify the Company for any claim, including but
not limited to attorneys’ fees and expenses of investigation, by any such third
party that such third party may now have or may hereafter have against the
Company based upon any noncompetition agreement, invention or secrecy agreement
between Employee and such third party.

 

11.              Covenant Not to Solicit or Compete.

 

A.    No Solicitation. The Employee shall not, during the Employment Term and
the twenty four (24) month period following the Employment Term (the
“Restriction Period”) directly or indirectly, solicit, entice, persuade, induce
or cause any employee, officer, manager, director, consultant, agent or
independent contractor of the Company to terminate his, her or its employment,
consultancy or other engagement by the Company to become employed by or engaged
by any individual, entity, corporation, partnership, association, or other
organization (collectively, “Person”) other than the Company, or approach any
such employee, officer, manager, director, consultant, agent or independent
contractor for any of the foregoing purposes, or authorize or assist in the
taking of any of such actions by any Person.

 

B.     Prohibited Actions. The Employee shall not, during the Restriction
Period, directly or indirectly, solicit, entice, persuade, induce or cause:

 

1.      any Person who either was a customer of the Company at any time during
the Employment Term or is a customer of the Company at any time during the
Restriction Period; or

 

2.      any lessee, vendor or supplier to, or any other Person who had or has a
business relationship with, the Company at any time during the Employment Term
or the Restriction Period;

 

(the Persons referred to in items (i) and (ii) above, collectively, the
“Prohibited Persons”) to enter into a business relationship with any other
Person for the same or similar services, activities or goods that any such
Prohibited Person purchased from, was engaged in with or provided to, the
Company or to reduce or terminate such Prohibited Person’s business relationship
with the Company; and the Employee shall not, directly or indirectly, approach
any such Prohibited Person for any such purpose, or authorize or assist in the
taking of any of such actions by any Person.

 

C.     Terms. For purposes of this Section 11, the terms “employee”,
“consultant”, “agent”, and “independent contractor” shall include any Persons
with such status at any time during the three (3) months preceding any
solicitation in question.

 

D.    Referrals. Nothing in this Section 11 shall be interpreted as prohibiting
the Employee from referring business to a consultant, agent, lessee, vendor or
supplier of the Company so long as the consultancy or other engagement with the
Company is not adversely affected thereby.

 

E.     Non-Competition. Except as otherwise provided in this Agreement, the
Employee shall not, anywhere within the Restricted Territory, as hereinafter
defined, directly or indirectly, alone or in association with any other Person,
directly or indirectly, (i) acquire, or own in any manner, any interest in any
Person that engages in the Business or that engages in any business, activity or
enterprise that competes with any aspect of the Business, or (ii) be interested
in (whether as an owner, director, officer, partner, member, lender,
shareholder, vendor, consultant, employee, advisor, agent, independent
contractor or otherwise), or otherwise participate in the management or
operation of, any Person that engages in any business, activity or enterprise
that competes with any aspect of the Business. For purposes hereof, Restricted
Territory shall mean the World.

 

12.              Protection of Confidential Information. The Employee
acknowledges that prior to the Employment Date the Employee has had access to,
and during the course of the Employee’s employment hereunder will have access
to, significant Confidential Information (defined below). During the Restriction
Period, (i) the Employee shall maintain all Confidential Information in strict
confidence and shall not disclose any Confidential Information to any other
Person, except as necessary in connection with the performance of the Employee’s
duties and obligations under this Agreement, or as the Employee may be compelled
to disclose by law and (ii) the Employee shall not use any Confidential
Information for any purpose whatsoever except in connection with the performance
of the Employee’s duties and obligations under this Agreement.

 

For purposes of this Agreement, “Confidential Information” shall mean any and
all information pertaining to the Company and the Business, whether such
information is in written form or communicated orally, visually or otherwise,
that is proprietary, non-public or relates to any trade secret, including, but
not limited to, (i) information, observations and data obtained by the Employee
while employed by the Company concerning the Business, (ii) products or
services, (iii) fees, costs and pricing structures, (iv) designs, (v) analyses,
(vi) drawings, photographs and reports, (vii) computer software, including
operating systems, applications and program listings, (viii) flow charts,
manuals and documentation, (ix) data bases, (x) accounting and business methods,
(xi) inventions, devices, new developments, methods and processes, whether
patentable or unpatentable and whether or not reduced to practice, (xii)
customers, suppliers, clients and customer, supplier and client lists, (xiii)
other copyrightable works, (xiv) marketing plans and trade secrets, and (xv) all
similar and related information in whatever form. Notwithstanding the foregoing,
“Confidential Information” shall not include information that (i) is or becomes
generally available to, or known by, the public through no fault of the
Employee, or (ii) is independently acquired or developed by the Employee without
violating any of her obligations under this Agreement.

 

13.              Inventions. The Employee shall disclose promptly to the Company
any and all conceptions and ideas for inventions, improvements, and valuable
discoveries, whether patentable or not, which are conceived or made by the
Employee solely or jointly with another during the period of employment or
within one (1) year thereafter and which are related to the business or
activities of the Company. The Employee hereby assigns and agrees to assign all
her interest therein to Company or its nominee. Whenever requested by the
Company, the Employee shall execute any and all applications, assigns or other
instruments that the Company shall deem necessary to apply for and obtain
Letters of Patents of the United States or any foreign country or to otherwise
protect the Company’s interest therein. These obligations shall continue beyond
termination of employment with respect to inventions, improvements and valuable
discoveries, whether patentable or not, conceived, made or acquired by the
Employee during the period of employment or within one year thereafter, and
shall be binding upon the Employee’s heirs, assigns, executors, administrators
and other legal representatives.

 

14.              Return of Property. All correspondence, reports, charts,
products, records, designs, patents, plans, manuals, sales and marketing
material, memorandum, advertising materials, customer lists, distributor lists,
vendor lists, telephones, beepers, portable computers, and any other such data,
information or property collected by or delivered to the Employee by or on
behalf of the Company, their representatives, customers, suppliers or others and
all other materials compiled by the Employee which pertain to the business of
the Company shall be and shall remain the property of the Company and shall be
delivered to the Company promptly upon its request at any time and without
respect upon completion or other termination of the Employee’s employment
hereunder for any reason.

 

15.              Certain Additional Agreements.

 

A.    Legitimate Interest. The Employee agrees that it is a legitimate interest
of the Company and reasonable and necessary for the protection of the goodwill
and business of the Company, which are valuable to the Company, that the
Employee make the covenants contained in Sections 11, 12, 13, 14 and 15 (the
“Selected Covenants”).

 

B.     Fair and Reasonable. The parties acknowledge that (i) the type and
periods of restriction imposed in the Selected Covenants are fair and reasonable
and are reasonably required to protect and maintain the proprietary and other
legitimate business interests of the Company, as well as the goodwill associated
with the Business conducted by the Company, (ii) the Business conducted by the
Company extends throughout the United States, and (iii) the time, scope,
geographic area and other provisions of the Selected Covenants have been
specifically negotiated by sophisticated commercial parties represented by
experienced legal counsel.

 

C.     Illegality. In the event that any covenant contained in this Agreement,
including, without limitation, any of the Selected Covenants shall be determined
by any court of competent jurisdiction to be illegal, invalid or unenforceable
by reason of its extending for too great a period of time or over too great a
geographical area or by reason of its being too extensive in any other respect,
(i) such covenant shall be interpreted to extend over the maximum period of time
for which it may be legal, valid and enforceable, as applicable, and/or over the
maximum geographical area as to which it may be legal, valid and enforceable, as
applicable, and/or to the maximum extent in all other respects as to which it
may be legal, valid and enforceable, as applicable, all as determined by such
court making such determination, and (ii) in its reduced form, such covenant
shall then be legal, valid and enforceable, as applicable, but such reduced form
of covenant shall only apply with respect to the operation of such covenant in
the particular jurisdiction in or for which such adjudication is made. It is the
intention of the parties that such covenants shall be enforceable to the maximum
extent permitted by applicable law.

 

16.              Specific Performance. The Employee acknowledges that any breach
or threatened breach of the covenants contained in the Selected Covenants will
cause the Company material and irreparable damage, the exact amount of which
will be difficult to ascertain and that the remedies at law for any such breach
or threatened breach will be inadequate. Accordingly, the Employee agrees that
the Company shall, in addition to all other available rights and remedies
(including, but not limited to, seeking such damages as either of them can show
it has sustained by reason of such breach), be entitled to specific performance
and injunctive relief in respect of any breach or threatened breach of any of
the Selected Covenants, without being required to post bond or other security
and without having to prove the inadequacy of the available remedies at law or
irreparable harm.

 

A. Notwithstanding anything to the contrary in this Agreement to the contrary,
in the event the Company is declared to have been in material default of this
Agreement by final arbitration in a forum selected by the parties or final
adjudication in any court, Section 11 of this Agreement shall terminate and not
be operative for any period of time thereafter.

 

17.              Survivability of Provisions. The provisions of Section 11
through Section 17 of this Agreement shall survive the termination of this
Agreement by either party, and shall apply to any other services provided by
Employee whether as an independent contractor and/or through an agency
relationship with the Company.

 

18.              Jurisdiction, Venue, Governing Law. Personal jurisdiction over
the parties may be properly exercised, and exclusive venue for any action
arising out of or related to this Agreement shall be in the state and federal
courts of Palm Beach County, Florida. Florida law shall govern the validity,
construction, enforcement of, and all other matters relating to this Agreement,
including the remedies available for its breach.

 

19.              Severability. If a court of competent jurisdiction determines
that any provision of this Agreement is too broad or extensive to permit
enforcement to its full extent, then any such provision shall be enforced to the
maximum extent permitted by Florida law. A judicial determination regarding the
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of the remaining provisions of this
Agreement, which shall continue to be given full force and effect.

 

20.              Miscellaneous. This Agreement shall be binding upon and inure
to the benefit of the parties and their respective successors, assigns, and
legal representatives; provided, however, that the rights, duties, and
obligations of Employee under this Agreement are personal and cannot be
delegated, assigned, or otherwise transferred by Employee without the prior
written consent of the Company. Any failure by either party to comply with any
provision of this Agreement may be waived, but only if such waiver is in writing
and signed by the other party. Any failure to insist upon or enforce compliance
with any provision of this Agreement shall not operate as a waiver of, or
estoppel with respect to, any other or subsequent failure.

 

21.              Headings/Gender. Descriptive headings are for convenience only
and shall not affect the meaning or construction of any provision of this
Agreement. Whenever the context of this Agreement shall so require, the singular
shall include the plural, the male gender shall include the female gender and
neuter and vice versa.

 

22.              Notices. Any notice required or permitted to be given under
this Agreement shall be sufficient if in writing and if hand delivered, sent by
Federal Express or comparable overnight carrier, or sent by registered or
certified U.S. Mail, return receipt requested, to address for the applicable
party set at the beginning of this Agreement.

 

23.              Entire Understanding. This Agreement constitutes the entire
understanding between the parties with respect to the subject matter of this
Agreement and supersedes any prior or contemporaneous discussions,
representations, or agreements, whether such representations or agreements were
oral or written or express or implied. This Agreement may not be amended or
modified except by a writing signed by both Employee and the Company.

 

24.              Interpretation. This Agreement is the result of negotiations
between the parties, who were each given the opportunity to fully review this
Agreement and consult the services and advice of an attorney. This Agreement
shall not be construed more strictly against the Company simply because it or
its attorney was the party responsible for its preparation. The provisions of
this Agreement shall be construed as an agreement independent of the other terms
of employment with the Company. A breach of any material provision of this
Agreement (including without limitation Section 9 through Section 13 shall be
grounds for immediate dismissal by the Company for cause. The existence of any
claim or cause of action by Employee against the Company shall not constitute a
defense to the enforcement by the Company of Section 9 through Section 13.

 

25.              Assignment. The rights and obligations of the Company under
this Agreement shall inure to the benefit of and be binding upon the successors
and assigns of the Company. The Company may assign its rights and obligations
under this Agreement to any corporation, limited liability company or other
entity which controls, is controlled by, or is under common control with, the
Company, without Employee’s consent. In all other circumstances, the rights and
obligations of the Company under this Agreement may be assigned with Employee’s
consent (which shall not be unreasonably conditioned, withheld or delayed).
Employee’s obligation to provide services hereunder may not be assigned to or
assumed by any other person or entity to any extent whatsoever.

 

26.              Counterparts. This Agreement may be executed in any number of
counterparts, each of which counterpart will be deemed an original and each
counterpart shall be deemed one and the same instrument. An executed facsimile
of this Agreement shall be deemed an original.

 

27.              Waiver of Jury Trial. Employee and Company knowingly,
voluntarily and intentionally waive any right either may have to a trial by jury
regarding any litigation based hereon or arising out of, under or in connection
with this Agreement or any course of conduct, course of dealing, statements
(whether verbal or written), or actions of either party arising under this
Agreement. This provision is a material inducement for Company entering into
this Agreement.

 

[Signature Page Immediately Follows]

 

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS TERMS AND
CONDITIONS, THE UNDERSIGNED HAS EXECUTED THIS EMPLOYMENT AGREEMENT EFFECTIVE AS
OF THE DATE FIRST SET FORTH ABOVE.

 

 

VIVI HOLDINGS, INC.

 

 

By: /s/ Lucas Sodré

Lucas Sodré, CEO

 

 

[Additional Signature Page Immediately Follows]

 

 

 

 

 

 

EMPLOYEE represents and warrants to COMPANY That EMPLOYEE HAS READ THIS
AGREEMENT AND HAD A FAIR OPPORTUNITY TO DISCUSS IT WITH AN ATTORNEY REGARDLESS
OF WHETHER EMPLOYEE ACTUALLY DID RETAIN AN ATTORNEY. UPON A BREACH OF CERTAIN
PROVISIONS OF THIS AGREEMENT, EMPLOYEE UNDERSTANDS THAT This Agreement grants
cOMPANY, among other things, the right TO OBTAIN AN INJUNCTION AGAINST eMPLOYEE,
plus RECOVER ITS COSTS AND DAMAGES.

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS TERMS AND
CONDITIONS, THE UNDERSIGNED HAVE EXECUTED THIS AGREEMENT EFFECTIVE AS OF THE
DATE FIRST SET FORTH ABOVE.

 

 

EMPLOYEE:

 

 

/s/ David Greenberg

David Greenberg

 

Address:

 

____________________________________

 

____________________________________

 

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