Exhibit 10.1


 


1847
HOLDINGS LLC


590
Madison Avenue, 21st Floor


New
York, NY 10022


 


January
14, 2021


 


Mr.
Jay Amond


323
East 57th Street


Hinsdale,
IL 60521


 


Dear
Jay:


 


It
is my privilege and pleasure to offer you the position of Chief Financial Officer with 1847 Holdings LLC (the “Company”).
As the Chief Financial Officer, your responsibilities include the Company’s
financial reporting requirements, as well as the financials of the Company’s portfolio companies. I am confident
that your strategic vision, operational expertise and commitment to our culture and values will be a tremendous asset to the executive
leadership team and the organization. The details of your offer are as follows:


 


		●	An
                                         annual base salary of $240,000, consisting of $80,000 for each of the Company’s
                                         three portfolio companies, up to a maximum aggregate annual base salary of $300,000.00
                                         upon the addition of a fourth portfolio company (the “Salary”). The Salary
                                         will be paid twice-monthly with standard payroll deductions and less applicable taxes.
                                         The base salary will be reviewed annually as part of the performance review process and
                                         the establishment of annual EBITDA budgets, and Salary increases, if any, will be determined
                                         based on merit, performance, additional/changing responsibilities and the Company’s
                                         financial health and performance. Due
                                         to the Company’s current corporate partnership structure, your Salary and benefits
                                         will be administered by one of the Company’s portfolio companies, which will be
                                         reimbursed through inter-company payments as determined by the Company and the portfolio
                                         companies.



 


		●	An
                                         annual bonus target of up to 50% of your applicable base salary. You will work with the
                                         board of directors of the Company to agree upon metrics in excess of present earnings
                                         targets to achieve maximum annual bonus potential. You must be actively employed at the
                                         time of payment in order to receive this bonus



 


		●	You
                                         will be permitted, if and to the extent eligible, to participate in all employee benefit
                                         plans, policies and practices now or hereafter maintained by or on behalf of the Company
                                         and the portfolio companies, commensurate your position with the Company. The Company
                                         will provide paid medical insurance; if you do not qualify for the Company’s medical
                                         insurance plan, or if you wish to get independent medical insurance, you will be reimbursed
                                         up to the amount the Company would have paid for you to join the Company’s medical
                                         insurance plan. You will be permitted to participate in the Company’s equity incentive
                                         plan when and if such plan is adopted by the Board of Directors of the Company at a level
                                         that is consistent with your position with the Company. The determination of the equity
                                         award shall be in the discretion of the Board of Directors of the Company.



 






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		●	Four
                                         weeks of vacation per calendar year and seven Company holidays per fiscal year.



 


		●	We
                                         expect you to observe any contractual or legal obligations that you owe to any previous
                                         employer.  Please advise us of any restrictive covenants, non-solicitation covenants,
                                         or other contractual or legal obligations you owe to your previous employer.



 


		●	SEVERANCE:
                                         If you are terminated by the Company without cause, you will be entitled to 6 months
                                         of base compensation, which will be paid in lump sum within two weeks of the separation
                                         date.



 


		●	RESIGNATION:
                                         You agree to provide the Company with 90 days’ notice prior to resigning from or
                                         otherwise terminating your employment with the Company.



 


		●	CONFIDENTIALITY.
                                         You shall not, directly or indirectly, disclose to any person or entity who is not authorized
                                         by the Company or any subsidiary or affiliate to receive such information, or use or
                                         appropriate for your own benefit or for the benefit of any person or entity other than
                                         the Company or any subsidiary or affiliate, any documents or other papers relating to
                                         the Company’s business or the customers of the Company or any subsidiary or affiliate,
                                         including, without limitation, files, business relationships and accounts, pricing policies,
                                         customer lists, computer software and hardware, or any other materials relating to the
                                         Company’s business or the customers of the Company or any affiliate of the Company
                                         or any trade secrets or confidential information, including, without limitation, any
                                         business or operational methods, drawings, sketches, designs or product concepts, know-how,
                                         marketing plans or strategies, product development techniques or plans, business acquisition
                                         plans, financial or other performance data, personnel and other policies of the Company
                                         or any affiliate of the Company, whether generated by you or by any other person, except
                                         as required in the course of performing your duties hereunder or with the express written
                                         consent of the Company; provided, however, that the confidential information
                                         shall not include any information readily ascertainable from public or published information,
                                         or trade sources or independent third parties (other than as a direct or indirect result
                                         of unauthorized disclosure by you). This confidentiality provision shall survive the
                                         termination of this Agreement and the cessation of your employment.



 


		●	NON-COMPETITION.



 


During
Employment. During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee,
officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not
more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over- the-counter)
or in any other capacity, in any business or entity that is in competition with the Company or any of its subsidiaries. Employee
shall also devote 100% of his work time to the Company.


 


Subsequent
to Employment. For a one year period following the termination of Employee’s employment for any reason or without reason,
Employee shall not in any capacity (whether in the capacity as an employee, officer, director, partner, manager, consultant, agent
or owner with any business or entity that is in competition with the Company.


 


Non-solicitation.
For a two year period following the termination of Employee’s employment for any reason or without reason, Employee shall
not solicit or induce any person who was an employee of the Company or any of its subsidiaries or related companies on the date
of Employee’s termination or within three months prior to leaving his employment with the Company or any of its subsidiaries
or related companies to leave their employment with the Company or any of its subsidiaries or related companies.


 


		●	This
                                         offer is contingent upon the favorable completion of a drug and alcohol screening, background
                                         screening, and reference checks, along with proper documentation of your legal ability
                                         to work in the United States.  



 


		●	Your
                                         employment is at-will and will begin with the Company on a date mutually agreed upon.



 


[Signature
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While
every member of our team is critical to our success, your role of Chief Financial Officer is one that I look to for significant
contributions. I look forward to welcoming you to the team, working with you and positioning the Company for a successful future!
If you have any questions, please do not hesitate to call me at (703) 234-8834.


 


Regards,


 


1847
Holdings LLC


 


	/s/
    Ellery Roberts	 
	Name:
    Ellery Roberts	 
	Title:
    Chief Executive Officer	 


 


	AGREED
    AND ACCEPTED:	 	 	 
	 	 	 	 
	/s/
    Jay Amond	 	January
    14, 2021	 
	Signature	 	Date	 
	Name:
    Jay Amond	 	 	 


 


Please
return a signed copy of this offer letter as formal acceptance of your ability to perform the requirements of the position. Your
employment with the Company is considered “at will” and can be terminated by you at any time. The Company also reserves
the same right.


 


 


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