Exhibit 10.4


 





ASSIGNMENT OF EMPLOYMENT AGREEMENT


 


THIS ASSIGNMENT OF EMPLOYMENT AGREEMENT
("ASSIGNMENT") is entered into as of the 17th day of December, 2014 (the" Execution Date")
and is effective as of the 1st day of January 2015 (the "EFFECTIVE DATE") by and between TWIN CITIES POWER
HOLDINGS, L.L.C., and a Minnesota Limited Liability Company, ("ASSIGNOR") in favor of APOLLO ENERGY SERVICES, L.L.C,
a Minnesota Limited Liability Company, and ("ASSIGNEE"). The ASSIGNOR and ASSIGNEE are jointly referred to as PARTIES
("PARTIES").


 


RECITALS:


 


WHEREAS, ASSIGNOR has entered into
an EMPLOYMENT AGREEMENT with Stephanie Staska, an individual with her principal residence at 1521 78th Avenue, Roberts,
Wisconsin 54023 ("STASKA"). A copy of the EMPLOYMENT AGREEMENT is incorporated herein by reference.


 


WHEREAS, ASSIGNOR has, as of the
date herein, assigned the EMPLOYMENT AGREEMENT to ASSIGNEE and ASSIGNEE desires to acquire all of ASSIGNOR's right, title and
interest in the EMPLOYMENT AGREEMENT; and


 


WHEREAS, the ASSIGNOR and ASSIGNEE
have herein agreed to the following terms and conditions respecting the assignment of aforesaid EMPLOYMENT AGREEMENT as evidenced
hereinafter.


 


NOW, THEREFORE, in consideration
of the mutual covenants, terms and conditions herein contained, it is hereby agreed by and between the PARTIES hereto as follows:


 


	 	1.	Assignment
of Employment Agreement,  ASSIGNOR hereby sells, assigns and transfers to the ASSIGNEE all of its right, title
and interest in and to the EMPLOYMENT AGREEMENT and hereby appoints ASSIGNEE as its attorney-in-fact irrevocably to enforce the
terms and conditions of said EMPLOYMENT AGREEMENT as it might or could have done if this ASSIGNMENT OF EMPLOYMENT AGREEMENT were
not executed. 






 






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		2.	Representations and
                                         Warranties.  This ASSIGNMENT is made without representation or warranty
                                         of any kind except (i) as to the title of the ASSIGNOR in the EMPLOYMENT AGREEMENT being
                                         assigned contemporaneously herewith, (ii) as to the authority of the undersigned to execute
                                         this ASSIGNMENT and, (iii) as to the fact that the EMPLOYMENT AGREEMENT being assigned
                                         contemporaneously herewith was duly executed and has not been amended, altered, released
                                         or modified as of the date of this ASSIGNMENT except as herein disclosed.



 


		3.	ASSIGNEE Acceptance.
                                          ASSIGNEE, by its acceptance of this ASSIGNMENT acknowledges that it has independently
                                         of and without reliance on the ASSIGNOR and based on its reviewed of such information
                                         contained in said EMPLOYMENT AGREEMENT and upon the investigation as it has deemed appropriate,
                                         make its own decision to accept the EMPLOYMENT AGREEMENT and the interest assigned hereby
                                         as hereinbefore described and assumes the obligations and rights of ASSIGNOR in connection
                                         therewith.



 


		4.	Assignment Limitations.
                                          Except as provided herein, ASSIGNOR and ASSIGNEE makes no other representations
                                         or warranties, either express or implied, nor makes any representation or warranty as
                                         to enforceability or perfection of the instrument assigned hereby.



 


		5.	Miscellaneous. 
                                         This ASSIGNMENT OF EMPLOYMENT AGREEMENT shall inure to the benefit of the ASSIGNEE, its
                                         successors and assigns. In the event any provision hereof is determined to be unenforceable
                                         or invalid such provision or such part thereof as may be unenforceable or invalid shall
                                         be deemed severed from this ASSIGNMENT OF EMPLOYMENT AGREEMENT and the remaining provisions
                                         carried out with the same force and effect as if the severed provisions or part thereof
                                         had not been made a part hereof. The PARTIES acknowledge that the above Recitals are
                                         true and correct as of the date hereof and constitute a part of this ASSIGNMENT OF EMPLOYMENT
                                         AGREEMENT



 






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IN WITNESS WHEREOF, the ASSIGNOR,
TWIN CITIES POWER HOLDINGS, L.L.C., and the ASSIGNEE, APOLLO ENERGY SERVICES, L.L.C., have caused this ASSIGNMENT OF EMPLOYMENT
AGREEMENT to be signed this 17th day of December, 2014.


 


	ASSIGNOR:	 	ASSIGNEE:
	TWIN CITIES POWER HOLDINGS, L.L.C	 	APOLLO ENERGY SERVICES, LLC
	 	 	 
	 	 	 
	/s/ Timothy S. Krieger	 	/s/ Timothy S. Krieger
	By: TIMOTHY S. KRIEGER	 	By: TIMOTHY S. KRIEGER
	Its: PRESIDENT/CEO	 	Its: PRESIDENT/CEO













 


 


ACCEPTANCE OF ASSIGNMENT
BY EMPLOYEE


 


I, STEPHANIE STASKA, do hereby consent
to the ASSIGNMENT OF THE EMPLOYMENT AGREEMENT by and between TWIN CITIES POWER HOLDINGS, L.L.C., as ASSIGNOR to APOLLO ENERGY
SERVICES, L.L.C., a Minnesota Limited Liability Company as ASSIGNEE.


 


 


	Dated: December 17th, 2014	 	/s/ Stephanie Staska
	 	 	By: STEPHANIE STASKA









 


 



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