EMPLOYMENT
AGREEMENT


 


THIS
EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into this 1st day of April, 2017, by and between
Q2Power Technologies, Inc., a Delaware corporation (the “Company”) and Kevin M. Bolin, a resident of
the State of Georgia (the “Employee”).


 


W
I T N E S S E T H:


 


WHEREAS,
the Company and the Employee deem it desirable and in the best interests of the Company to enter into this Employment Agreement
on the terms and conditions stated herein.


 


NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration,
the receipt and sufficiency of which are acknowledged, the parties intending to be legally bound, hereby agree as follows:


 


I.
Employment


 


1.1
Employment. Subject to the terms and conditions herein, the Company hereby employs the Employee, and the Employee
hereby accepts employment from the Company. Employee shall serve as Chairman (subject continued appointment to the Board of Directors
by the Company’s shareholders) and, upon the Effective Date, Chairman and Chief Executive Officer of the Company (or such
other executive level position as may be determined by the Board of Directors of the Company from time to time) and shall render
such services to the Company as are customary for such position. The Employee agrees that during the term of his employment, he
will devote his full professional and business-related time, skills and best efforts to the business of the Company and to the
performance of any other reasonable duties as may be assigned to him from time to time by the Board of Directors of the Company,
and shall not, during his employment, unless otherwise agreed to by the Board, seek or accept other employment, become self-employed
in any other capacity during the term of his employment, or engage in any activities which are detrimental to or in conflict with
the business of the Company. Notwithstanding the foregoing, the Employee may engage in other business arrangements that do not
materially interfere with the performance of his duties. Those activities listed in Schedule A, are not considered to materially
interfere with the performance of his duties. The Employee’s principal place of employment shall be the Company’s
offices within the area of Atlanta, Georgia. The Employee shall, however, be required to travel as is reasonably required to perform
his duties hereunder.


 


1.2
Effective Date of this Agreement; Term. This Agreement shall be effective as of the date hereof (the “Start
Date”); however, that date in which the Company closes on at least $5 million in equity financing shall be defined as the
official Effective Date of the Agreement (the “Effective Date”). The Term of this Agreement shall commence on the
Start Date and continue for a period of two years from the Effective Date. This Agreement will automatically renew for annual
periods at the end of the initial Term unless either the Board or the Employee provides notice of termination to the other in
writing no less than 60 days before the end of such term.


 




    	 	 	 



    	 



    



 


1.3
Projections, Evaluations and Reports. The Employee shall submit to the Board, on such forms and at such times as requested
by the Board, proposed budgets for the Company and forecasts for the performance of the Company for such monthly, quarterly or
annual periods as requested by the Board; and to otherwise comply with all reporting obligations to the Board. At least once a
year after the Effective Date, the Board shall evaluate the performance of the Employee in managing the business relative to the
budgets and forecasts previously provided by Employee. The Company may take into account such performance and adjust the compensation,
bonuses or other benefits of the Employee as deemed appropriate by the Board.


 


1.4
Termination of Employment.


 


(a)
The employment of Employee shall automatically terminate upon the death of Employee.


 


(b)
In the event Employee becomes “Disabled” (as defined as Employee’s inability, due to physical or mental incapacity,
to perform his duties and responsibilities for a period of ninety (90) consecutive days or any sixty (60) days in any twelve (12)
month period as determined by a medical doctor selected by the Company or its insurers), either Employee or the Company may terminate
the employment of Employee by delivering a written termination notice to the other party.


 


(c)
The Company may terminate the employment of Employee for “Cause” by delivering a written termination notice to Employee
upon the occurrence of any of the following events:


 


(i)
Employee fails to cure any breach of this Agreement by him within thirty (30) days after receiving written notice thereof from
the Company;


 


(ii)
Employee is convicted of or pleads guilty to any felony or other crime of moral turpitude;


 


(iii)
Employee commits an act constituting fraud, deceit or material misrepresentation with respect to the Company or any supplier,
client, customer or shareholder of the Company;


 


(iv)
Employee embezzles funds or assets from the Company or any supplier, client, customer or shareholder of the Company; or


 


(v)
Employee abuses any alcoholic, controlled or illegal substance or drug in a manner which materially interferes with the performance
of his duties hereunder.


 


(d)
Notwithstanding anything else contained herein to the contrary, the Company or Employee may terminate the employment of Employee
at any time without Cause by delivering a written termination notice to the other party.


 




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(e)
Employee may terminate the employment of Employee for “Good Reason” by delivering a written termination notice to
the Company upon the occurrence of any of the following events:


 


	 	(i)	the Company fails
to cure any material breach of this Agreement by it within thirty (30) days after receiving written notice thereof from Employee.
	 	 	 
		(ii)	the
    Company shall require Employee to change his principal place of employment to any location outside the metropolitan Atlanta,
    Georgia, area;
	 	 	 
	 	(iii)	the
    Company substantially and materially changes the job capacity and title of the Employee set out in this Agreement; or
	 	 	 
	 	(iv)	the
    Company undergoes a Change of Control (as defined below).


 


For
purposes hereof, “Change of Control” means (a) any direct or indirect acquisition by any person, whether singly or
in concert with one or more persons, of 50% or more, on a fully diluted basis, of the outstanding stock of the Company or a sale
of all or substantially all of the assets of the Company; provided, however, that shares of capital stock (i) issued or
to be issued to employees, officers or directors of, or consultants or advisors to the Company or any subsidiary, pursuant to
stock purchase or stock option plans or other arrangements; and (ii) acquired by any person who is a Company stockholder as of
the date of this Agreement, shall not be included when calculating or deemed to be a “Change in Control;” and
(b) the failure of the Company to obtain the assumption in writing of its obligations under this Agreement by any successor to
all or substantially all of its business or assets after any transaction described in subparagraph (a) hereof.


 


1.5.
Severance and Consideration to Employee upon Termination.


 


(a)
Death of Employee. In the event that the employment of Employee is terminated pursuant to Section 1.4 (a) hereof as a result
of Employee’s death, then Employee’s estate shall be entitled to be paid his Salary and benefits through the period
that is three (3) months from the date of such death. Further, all issued but unvested stock options or other equity compensation
shall immediately vest.


 


(b)
Disability of Employee. In the event that the employment of Employee is terminated by either the Company or Employee pursuant
to Section 1.4 (b) hereof as a result of Employee becoming Disabled, then the Company shall pay Employee his Salary through the
period that is three (3) months from the date of notice of termination pursuant to such provision. Further, all issued but unvested
stock options or other equity compensation shall immediately vest.


 


(c)
Termination for Cause. In the event that the Company terminates the employment of Employee for Cause pursuant to Section
1.4 (c) hereof, then Employee shall be entitled to be paid his Salary and benefits through the date of such termination. All issued
but unvested stock options or other equity compensation shall immediately terminate.


 




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(d)
Termination without Cause, or for Good Reason. In the event the Company terminates the employment of Employee without Cause
pursuant to Section 1.4(d) hereof or Employee terminates the employment of Employee for Good Reason pursuant to Section 1.4(e)
hereof, then the Company shall pay Employee an amount equal to his salary through the period that is twelve (12) months from the
date of notice of termination pursuant to such provision, to be paid out over such period on the Company’s standard payroll
cycle; provided however, if such termination is more than 30 days before the Effective Date, the severance period will be three
(3) months. Further, all issued but unvested stock options or other equity compensation shall immediately vest.


 


II.
Compensation and Benefits


 


2.1
Salary. In consideration of the services to be rendered by the Employee under this Agreement during the term of employment,
and subject to adjustment as set forth below, the Company shall pay the Employee a base salary at a rate of Three Hundred Fifty
Thousand Dollars ($350,000.00) per annum commencing on the Effective Date. Such base salary shall be payable in cash at the
times consistent with the Company’s payroll practices. Said base salary, together with any bonus compensation which may
be paid by the Company, may be adjusted from time to time in the discretion of the Board, and shall be reviewed no less than annually.
All payments of compensation shall be subject to withholding and other applicable taxes. In the event that any of the payments
made or benefits provided pursuant to this Agreement are determined to be income to the Employee for tax purposes, and subject
to withholding, the Employee agrees that the Company may withhold any amounts required by law from either such benefits or Employee’s
gross salary.


 


From
the Start Date until the Effective Date, the Employee shall be paid $12,500 per month, pro-rated for partial months. This initial
fee shall be paid without tax withholdings, which shall be the Employee’s responsibility. 


 


2.2
Salary Review. Employee’s base salary shall be reviewed annually, on January 1st of each year hereafter,
by the Compensation Committee of the Board of Directors. The first such review shall occur on January 1, 2018. Increases in base
salary shall be based upon Employee performance, Company performance, and the Company’s economic condition as determined
by the Compensation Committee of the Board of Directors in its discretion.


 


2.3
Bonuses. Employee shall be entitled to participate in such bonus pools as established by the Compensation Committee of
the Board. The eligibility and amount of any such bonus shall be as set by the Compensation Committee, and shall be based upon
Employee performance, Company performance, and the Company’s economic condition. Upon the Effective Date, marked by the
successful completion of a financing round in the amount of $5 million or more, the Employee shall receive a $100,000 cash bonus
if such date is within six months of March 31, 2017, and $62,500 if after six months from such date. 


 






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2.4
Other Employee Benefits.


 


	 	(a)	Expense
    Reimbursement. The Company shall reimburse the Employee for reasonable expenses actually incurred by him and related to
    the performance of his duties hereunder upon submission, in accordance with Company policies on approved forms, by him of
    bills or statements of accounts therefor. 
	 	 	 
	 	(b)	Stock
    Options and Other Incentive Programs. The Company currently has in place an Employee Stock Option Plan, pursuant to which
    options have previously been granted to Employee. Employee shall keep all of such previously granted options, subject to the
    terms, conditions and obligations contained in the Stock Option Plan and Agreement, and shall be entitled to such additional
    options at such times, in such amounts and under such conditions as determined by the Board in its discretion.
	 	 	 
	 	 	Employee
    shall be entitled to participate in such other Incentive Plans as may be authorized and adopted from time to time by the Company,
    provided that the Employee must meet any and all eligibility provisions required under said Incentive Plans.
	 	 	 
	 	(c)	Specific
    Benefits. The Company shall provide Employee with the other specific benefits outlined on Schedule B attached hereto.
	 	 	 
	 	(d)	Insurance.
    The Company shall provide Employee with the Company’s standard health insurance benefit package, with no contribution
    requirements of Employee. 
	 	 	 
	 	(e)	Vacation
    and Time Off. Employee shall be entitled to paid time off for vacation, sickness and personal leave for twenty (20) days
    per calendar year. Employee may not carry over unused days, unless otherwise agreed to by the Board. Employee shall not be
    entitled to any extra compensation for unused time off.
	 	 	 
	 	(f)	Other
    Fringe Benefits. Employee shall be entitled to participate in such other fringe benefit plans as may be authorized and
    adopted from time to time by the Company, provided that the Employee must meet any and all eligibility provisions required
    under said fringe benefit plans.


 




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III.
Non-Compete and Work Product Agreement


 


3.1.
Non-Compete. Employee covenants that during the term of the employment of Employee, and during the one (1) year
period immediately thereafter, the Employee will not take a Competitive Position (as defined below) within the Restricted Territory
(as defined below). 


 


3.2
Certain Definitions. For purposes of this Article 3, the following terms shall have the meaning given them as follows:



 


A.
“Competitive Position” shall mean (i) Employee’s direct or indirect equity ownership (excluding ownership
of less than one percent (1%) of the outstanding common stock of any publicly held corporation) or control of any portion of any
Competing Business; (ii) Employee serving as a director, officer, joint venturer, partner, or agent of or to any Competing Business;
or (iii) any employment, consulting or independent contractor arrangement between Employee and any Competing Business whereby
Employee is required to perform services for the Competing Business.


 


B.
“Competing Business” shall mean the composting, soils manufacturing or biosolids disposal business of the Company,
or any other field of business in which the Company is then actively or plans to be engaged.


 


C.
“Restricted Territory” shall mean that territory in which the Company is actively engaged in business, either
through existing commercial projects or through ongoing development.


 


3.3
Non-Disclosure. Employee agrees that he shall not, during the term of his employment with the Company or at any time thereafter,
without the prior written consent of the Board, disclose any Confidential Information (as defined below) relating to the products,
sales, inventions or Business of the Company or any of its subsidiaries or affiliates; except for such disclosure as may be required
during the term of employment in connection with Employee’s work for the Company. At the time of termination of his employment
with the Company, Employee shall return to the Company all documents, drawings, blueprints, computer files, lists or records (including
copies of the same) in the possession of Employee. For purposes of this Agreement, “Confidential Information” shall
be defined as any information not publicly known regarding the Business of the Company, including but not limited to trade secrets,
formulas, product information, research, processes, techniques, engineering data, designs, drawings, development or experimental
work, work in progress, test or marketing data, customer lists, accounting or pricing information, business plans and strategies,
contracts or other secret or confidential matter.


 




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3.4
Right to Inventions, Patents and Work Product. Employee expressly agrees that all rights to original works, discoveries
and/or inventions that Employee shall make or conceive, whether patentable or not, and whether conceived alone or with others,
during the term of his employment shall become and remain the sole property of the Company, its successors and assigns, unless
expressly released by the Company in writing. This provision shall not apply to inventions, discoveries or work product of Employee
that are completely unrelated to the Business, and which do not result from any work performed by Employee on behalf of the Company,
so long as such inventions discoveries or work product are developed entirely on Employee’s own time and without use of
Company facilities, equipment, supplies or Confidential Information. Employee shall promptly disclose to the Company any and all
inventions, discoveries or work product made or conceived by Employee, and shall assist Company in taking any action necessary
to protect the Company’s proprietary rights to such inventions, discoveries or work product (including the filing of patents,
copyrights, or trademarks). 


 


3.5
Equitable Relief. The Employee acknowledges that the services to be rendered by him are of a special, unique, unusual,
extraordinary, and intellectual character, which gives them a peculiar value, and the loss of which cannot reasonably or adequately
be compensated in damages in an action at law; and that a breach by him of any of the provisions contained in this Agreement will
cause the Company irreparable injury and damage. The Employee further acknowledges that he possesses unique skills, knowledge
and ability and that any material breach of the provisions of this Agreement would be extremely detrimental to the Company. By
reason thereof, Employee agrees that the Company shall be entitled, in addition to any other remedies it may have under this Agreement
or otherwise, to injunctive and other equitable relief to prevent or curtail any breach of the provisions of Article III of this
Agreement by him.


 


3.6
Non-Solicitation. The Employee shall not, for a period of one year after the term of employment concludes, solicit any
employee of the Company for hire, contact any customer of the Company for any reason, contact any major vendor of the Company
for supply, and solicit any major consultant of the Company for hire.


 


IV.
Miscellaneous


 


4.1
Successors Bound; Assignability. This Agreement shall be binding upon the Company and the Employee, their respective
heirs, executors, administrators or successors in interest, including without limitation, any corporation into which the Company
may be merged or by which it may be acquired, or any entity that is the result of a corporate reorganization or restructuring
of the Company (including a limited liability company). This Agreement is nonassignable except that the Company’s rights,
duties and obligations under this Agreement may be assigned to any affiliate of the Company and to the Company’s acquirer
in the event the Company is merged, acquired or sells substantially all of its assets or any entity that is the result of a corporate
reorganization or restructuring of the Company (including a limited liability company). 


 


4.2
Entire Agreement. This Agreement constitutes the entire Agreement between the parties hereto with regard to the
subject matter hereof, and there are no agreements, understandings or representations relating to the subject matter between the
parties other than those set forth herein.


 


4.3
Counterparts. This Agreement may be executed in two or more counterparts, each of which will take effect as an original
and all of which shall evidence one and the same Agreement.


 




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4.4
Amendment and Modification. This Agreement may only be amended, modified or terminated prior to the end of its term
by the mutual agreement of the parties. 


 


4.5
Severability. If any provision of this Agreement, or portion thereof, shall be held by any court or other tribunal of competent
jurisdiction to be illegal, void or unenforceable in such jurisdiction, the remainder of such provisions shall not thereby be
affected and shall be given full effect, without regard to the invalid portion. It is the intention of the parties that, if any
tribunal construes any provision or clause of this Agreement, or any portion thereof, to be illegal, void or unenforceable because
of the duration of such provision or the area or matter covered thereby, such tribunal shall reduce the duration, area, or matter
of such provision and, in its reduced form, such provision shall then be enforceable and shall be enforced to the maximum extent
permitted by law.


 


4.6
Governing Law. The terms of this Agreement shall be governed by and construed in accordance with the laws of the
State of Georgia.


 


IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.


 


	 	“COMPANY”
	 	 	 
	 	Q2Power Technologies, Inc.
	 	 	 
	 	By:
    	/s/
    Christopher Nelson
	 	 	Christopher
    Nelson, CEO
	 	 	 
	 	“EMPLOYEE”
	 	 	 
	 	/s/ Kevin Bolin 
	 	Kevin M Bolin


 




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Schedule
A to Employment Agreement


 


Employee:
Kevin M. Bolin


 


Activities
Considered not to material interfere with the performance of his duties:


 


	 	1.	Consultant
or Board Member to Orege North America or Orege, S.A.
	 	2.	Board
    Member of Airex
	 	3.	President
    of SGC Advisors
	 	4.	Industrial
    Advisor to EQT
	 	5.	Other
    Board memberships which may arise from time to time.


 




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Schedule
B to Employment Agreement


 


Employee:
Kevin M. Bolin


 


Other
Specific Benefits:


 


	 	●	Company
    shall pay Employees cell phone expenses.
	 	●	Company
    shall pay for educational services to enhance professional status or deemed necessary by the President or the Board.
	 	●	Company
    shall pay any association or other dues deemed appropriate by the Board.


 




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