Document:

exhibit_10-2.htm

Exhibit 10.2

 

FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT

 

This First Amendment to the Employment Agreement (this “Agreement”), effective as of April14, 2015 (the “Effective Date”), by and between Andalay Solar, Inc., a Delaware corporation, (the “Company”), and Wei-Tai Kwok (“Executive”) and is amending the Employment Agreement dated as of November 7, 2014 (the “Employment Agreement”), by and between the Company and the Executive. All capitalized terms not otherwise defined herein shall be afforded their definitions as set forth in the Employment Agreement.

 

WHEREAS, the Company desires to attract and retain qualified executives such as Executive, and to provide such executives with incentives to work towards the long term success of the Company.

 

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the Company and Executive agree as follows:

 

1. Term.  This Agreement shall remain in full force and effect at all times while Executive remains employed by Company.  Upon termination of Executive's employment with Company for any reason other than a termination by the Company for Cause (as defined and described below), this Agreement shall be deemed to be terminated except as explicitly set forth herein.

 

2. Sale of Company Bonus.

 

(i) Definitions.  For purposes of this Section 2, the terms below shall be defined as follows:

 

	
(A)  

	
"Cause" shall have the meaning set forth in Section 9(a) of the Employment Agreement.

 

	
(B)  

	
"Percentage" shall mean 4.5%.

 

	
(C)  

	
“Sale of the Company” shall mean the sale by the Company of substantially all of its assets to a third party, the sale by the equity holders of Company of substantially all of the equity of Company to a third party, the merger of the Company with and into a third party and/or any other transaction which results in a change in over 50% of the voting control of the Company.

 

	
(D)  

	
“Sale of Company Bonus Conditions” shall mean that either (x) Executive remains employed with Company as of the date of consummation of a Sale of the Company (the "Sale Closing Date"), or (y) Executive’s employment with Company was terminated by Company without Cause during the period beginning on the date on which is one-hundred and twenty (120) days prior to the Sale Closing Date and ending on the Sale Closing Date;

 

	
  

	
 (D)

	
“Sale Proceeds” shall mean the cash and equity proceeds paid to the Company and/or its equity holders in connection with any Sale of the Company minus (i) all Company indebtedness owing to banks or other financial institutions that is not assumed by the purchaser in such Sale of the Company, and (ii) fees paid by Company to its legal counsel and/or investment bank in connection with such Sale of the Company.

 

(ii)           Sale Bonus.  In the event of a Sale of the Company, the Company shall, so long as the Sale of Company Bonus Conditions have been met, pay to Executive an amount equal to the aggregate Sale Proceeds (including the value of any equity included within the Sale Proceeds) multiplied by the Percentage (the "Sale Bonus").  The Sale Bonus, if earned as described above, shall be due and owing to Executive no later than 30 days following the consummation of any Sale of the Company.

 

(iii)           Deferred Sale Proceeds.  In the event that any Sale Proceeds are to be paid to Company or Company's equity holders on a deferred basis subsequent to the Sale Closing Date (whether pursuant to an earn-out, seller promissory note, escrow, hold-back or for any other reason), the pro rata portion of the Sale Bonus which would otherwise have been payable to Executive out of the Sale Proceeds will also be held back until the corresponding additional Sale Proceeds payments are made to Company or Company's equity holders.

 

  

  

  

 

3. Severance.

 

(a) Section 7(a) of the Employment Agreement shall be replaced in its entirety by the following language, “Termination for other than Cause, Death or Disability. If the Company (or any parent or subsidiary or successor of the Company) terminates Executive’s employment with the Company other than for Cause, death or Disability (as defined in Section 9(f) below), then, subject to Section 8, Executive will be entitled to: (i) receive continuing payments of severance pay at a rate equal to Executive’s Base Salary, as then in effect, for six (6) months from the date of such termination, which will be paid in accordance with the Company’s regular payroll procedures; (ii) if Executive timely elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and Executive’s dependents, within the time period prescribed pursuant to COBRA, the Company will reimburse Executive for the COBRA premiums for such coverage for Executive and Executive’s covered dependents for six (6) months from the date of Executive’s termination of employment or such earlier date if Executive no longer constitutes a “Qualified Beneficiary” (as such term is defined in Section 4980B(g) of the Code); and (iii) accelerated vesting as to 100% of Executive’s outstanding unvested stock options pursuant to the Option Plan.”

 

(b) Section 7(b) of the Employment Agreement shall be replaced in its entirety by the following language, “Termination in the Event of a Change of Control. If upon or within twelve (12) months following a Change of Control (i) the Company (or any parent or subsidiary or successor of the Company) terminates Executive’s employment with the Company other than for Cause, death or Disability, or (ii) the Executive resigns from such employment for Good Reason, then, subject to Section 8, Executive will be entitled to: (A) receive the continuing payments of severance pay as described in Section 7(a)(i) above; (B) receive the reimbursements for Executive’s COBRA premiums as described in Section 7(a)(ii) above; and (C) accelerated vesting as to 100% of Executive’s outstanding unvested stock options.”

 

4. Assignment and Transfer.  Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, and any purported assignment, transfer or delegation thereof shall be void.

 

5. Taxes.  Executive understands and acknowledges that (i) neither the Company nor any of its directors, officers or agents has offered or provided to the Executive any tax, legal or other professional advice in respect of the Sale Bonus or any other matter described herein, (ii) Executive is solely responsible for ascertaining and/or paying any and all Federal, state and/or other taxes which may be due and owing in connection with any Sale Bonus, and (iii) any payments received on account of any Sale Bonus will be taxed as ordinary income rather than capital gains.

 

6. Miscellaneous.

 

(a) Other Obligations.  Nothing herein shall be deemed to (i) modify or limit in any way any other agreements executed by Company and Executive including the Employment Agreement.

 

(b) Nondisclosure.  Executive will not disclose the terms of this Agreement to any third party other than Executive's legal and tax advisors.

 

(c) Governing Law.  This Agreement shall be governed by and construed (both as to validity and performance) and enforced in accordance with the internal laws of the State of California applicable to agreements made and to be performed wholly within such jurisdiction, without regard to the principles of conflicts of law or where the parties are located at the time a dispute arises.  Each of the parties submits to the exclusive jurisdiction of any state or federal court sitting in California in any action or proceeding arising out of or relating to this Agreement.  Each of the parties waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto.

 

(d) Entire Agreement.  This Agreement together with the Employment Agreement contains the entire agreement and understanding between the parties hereto in respect of the subject matter hereof.

 

(e) Amendment.  This Agreement may be amended only by a writing which makes express reference to this Agreement as the subject of such amendment and which is signed by Executive and, on behalf of the Company, by its duly authorized officer.

 

(f) Severability. If any provision of this Agreement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid or unenforceable to any extent, the remainder of this Agreement, or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid or unenforceable, shall not be affected thereby, and each provision hereof shall be enforced to the fullest extent permitted by law.

 

(g) Construction.  The headings and captions of this Agreement are provided for convenience only and are intended to have no effect in construing or interpreting this Agreement.  The language in all parts of this Agreement shall be in all cases construed according to its fair meaning and not strictly for or against the Company or Executive.

 

(h) Nonwaiver.  Neither any course of dealing nor any failure or neglect of either party hereto in any instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance.  All waivers by either party hereto must be contained in a written instrument signed by the party to be charged and, in the case of the Company, by its duly authorized officer.

 

(i) Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to be one and the same instrument.  Any counterpart may be executed by facsimile signature and/or electronically scanned signature and such facsimile or scanned signature shall be deemed an original.

 

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

 

 

	 	 Andalay Solar, Inc. 	 Executive
	 	 By: /s/ Mark Kalow	 By: /s/ Wei-Tai Kwok
	 	 Print Name: Mark Kalow 	 Print Name: Wei-Tai KwokExhibit 10.1

EMPLOYMENT AGREEMENT

This is an Employment
Agreement entered into between Alpha Network Alliance Ventures Inc., a Delaware corporation (“Employer”) and Eleazar
Rivera (“Executive”), the terms and conditions of which are as follows:

1.      Term
of Employment; Cancellation.

(a)      Subject to
the terms and conditions set forth in this Employment Agreement, Employer agrees to employ Executive and Executive agrees to be
employed by Employer for an initial term of five years, starting on November 23, 2014 and ending on the fifth anniversary of such
date; provided, however, that (i) this initial five-year term automatically shall extend for one additional year on such second
anniversary date and on each subsequent anniversary of such date unless Employer or Executive notifies the other pursuant to Section 6(a)
that no such extension will be effected at least two months before such anniversary date and (ii) this Employment Agreement is
subject to earlier termination as provided herein. The date described in this Section 1 on which Executive starts his employment
with Employer shall be referred to in this Employment Agreement as the “Starting Date”. The employment term described
in this Section 1 shall be referred to in this Employment Agreement as the “Term”. If either party provides proper
notice that this Employment Agreement will not be renewed, then it shall expire at the end of the Term.

(b)      This Employment
Agreement may be terminated by Employer without prior notice and with no obligation of Employer under Section 4 to pay contractual
severance benefits to Executive, if at any time the transfer of assets to Employer pursuant to the Acquisition is enjoined or rescinded
or Employer’ ability to enjoy possession and use of such assets is enjoined or limited through any cause of action arising
from earlier ownership of such assets or its assignment of such assets to Employer as described above.

2.      Position,
and Duties and Responsibilities.

(a)      Position.
Executive shall be President and Chief Executive Officer of Employer.

(b)      Duties
and Responsibilities. Executive’s duties and responsibilities shall be those normally associated with Executive’s
position as a president and chief executive officer of Employer, plus any additional duties and responsibilities that Employer’s
Board of Directors, from time to time may assign orally or in writing to Executive. Executive shall undertake to perform all his
duties and responsibilities hereunder in good faith and on a full-time basis and shall at all times act in the course of Executive’s
employment under this Employment Agreement in the best interest of Employer.

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3.      Compensation
and Benefits.

(a)      Base Salary.
Executive’s initial base salary shall be calculated at the rate of $300,000.00 per year. The base salary shall be payable
in accordance with Employer’s standard payroll practices and policies for employees and shall be subject to such withholdings
as required by law or as otherwise permissible under such practices or policies. Executive’s base salary shall increase by
10% on December 1 of each year, based on the salary due to Executive in the year prior to each such increase.

(b)      Bonus
and Other Incentive Compensation. Employer shall pay Executive bonus of cash compensation equal to 2.0% of all monthly net
revenues of Employer, payable not later than 15 days after the end of each month. Executive during the Term shall be eligible (but
not guaranteed) to receive another or other bonuses pursuant to such unique or general plans or programs as Employer shall make
available to Executive. Executive shall also be eligible (but not guaranteed) to receive other benefits, including stock options,
that Employer may from time to time determine to offer to its executive officers. Employer and Executive may agree upon goals and
objectives to be required for Executive to meet to be eligible for payment of a bonus. Bonuses are not payable for any time period
during which an event, occurrence or breach of this Employment Agreement takes place that, with any required notice, lapse of time
or compliance with procedures under Section 4, constitutes Cause for termination under Section 4. Executive shall not be entitled
to any bonus payable following the expiration of this Employment Agreement or the termination thereof in accordance with Section
4.

(c)      Employee
Benefit Plans. Executive shall be eligible to participate in the employee benefit plans, programs and policies maintained by
or for Employer for similarly situated employees in accordance with the terms and conditions to participate in such plans, programs
and policies as in effect from time to time. The introduction and administration of benefit plans, programs and policies are within
Employer’s sole discretion and the introduction, deletion or amendment of any benefit plan, program or policy will not constitute
a breach of this Employment Agreement.

(d)      Vacation.
Executive shall be eligible for vacation as provided to similarly situated employees under policies set forth in Employer’s
Employee Handbook, if there is one, or other policies in place, which vacation time shall be taken at such time or times in each
year so as not to materially and adversely interfere with the business of Employer. Unused vacation may not be carried over from
any one-year period to any other period except as may be required by law.

(e)      Other
Benefits. Employer shall pay for costs related to Executive’s reasonable monthly cell phone and other mobile Internet
costs, home office Internet costs, car and commuting costs and club membership costs, payable not later than 10 days after the
end of each month. Employer shall not be liable to pay more than $1,000 per month for car and commuting costs.

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4.      Termination
of Employment.

(a)      Termination
By Employer Other Than For Cause Or Disability Or By Executive For Good Reason.

(1)      Employer
shall have the right to terminate Executive’s employment under this Agreement at any time, and Executive shall have the right
to resign at any time. However, a notice under Section 1 that no extension of Executive’s Term will be effected shall
not constitute at the time of such notice a termination of Executive’s employment by Employer or a resignation by Executive.
If either Employer or Executive elects to give such notice, Employer’s only obligation to Executive under this Employment
Agreement after the expiration of the Term shall be to pay Executive’s earned but unpaid salary then in effect under Section 3(a),
if any, until the date the Term expired.

(2)      If
Employer terminates Executive’s employment other than for Cause or Disability or Executive resigns for Good Reason, Employer
shall (in lieu of notice of termination and in lieu of any other severance benefits under any of Employer’s employee benefit
plans, programs or policies) pay Executive an amount equal to Executive’s annual base salary as in effect under Section 3(a)
either immediately before Executive’s termination of employment or on the first day of the Term, whichever is greater. Employer
may, at its sole discretion, elect to pay Executive the amount owing under this Section 4(a)(2) in a lump sum or by way of
salary continuation. Executive waives his rights, if any, to have such payment(s) taken into account in computing any other benefits
payable to, or on behalf of, Executive by Employer.

(b)      Termination
By Employer For Cause or By Executive Other Than For Good Reason.

(1)      Employer
shall have the right to terminate Executive’s employment at any time for Cause, and Executive shall have the right to resign
at any time other than for Good Reason.

(2)      If
Employer terminates Executive’s employment for Cause or Executive resigns other than for Good Reason, Employer’s only
obligation to Executive under this Employment Agreement shall be to pay Executive’s earned but unpaid base salary then in
effect under Section 3(a), if any, up to the date Executive’s employment terminates, and Executive’s right to
exercise any outstanding stock options shall terminate thirty days after the day this Employment Agreement terminates under this
Section 4.

(c)      Cause.
The term “Cause” as used in this Employment Agreement includes but is not limited to the following:

(1)      Executive
has engaged in conduct which constitutes gross negligence, gross misconduct or gross neglect in the performance of Executive’s
duties and responsibilities under this Employment Agreement, including conduct resulting or intending to result directly or indirectly
in gain or personal enrichment for Executive (“Cause” as defined here may be determined by the Shareholder in its reasonable
judgment);

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(2)      Executive
has been convicted of a felony for fraud, embezzlement or theft; or

(3)      Executive
has engaged in a breach of any provision of this Employment Agreement, which Executive has failed to cure within thirty days after
Executive has been provided notice of such breach.

(d)      Good Reason.
The term “Good Reason” means

(1)      Any material
reduction in Executive’s base salary;

(2)      A relocation
of Executive’s primary work site more than fifty miles from 11801 Pierce St., Riverside, California, absent Executive’s
consent; or

(3)      Any
material breach of any of the terms of this Employment Agreement by Employer; provided, however,

(4)      No
Good Reason shall exist unless (i) Executive gives Employer a detailed, written statement of the basis for Executive’s belief
that Good Reason exists and gives Employer a fifteen day period after the delivery of such statement to cure the basis for such
belief and (ii) Executive actually submits Executive’s resignation to Employer’s President or the Shareholder during
the sixty day period which begins immediately after the end of such fifteen day period if Executive reasonably and in good faith
determines that Good Reason continues to exist after the end of such fifteen day period.

(e)      Termination
for Disability or Death.

(1)      Employer
shall have the right to terminate Executive’s employment on or after the date Executive has a Disability, and Executive’s
employment shall terminate at Executive’s death.

(2)      If
Executive’s employment terminates under this Section 4(e), Employer’s only obligation under this Employment Agreement
shall be to pay Executive or, if Executive dies, Executive’s estate any earned but unpaid base salary then in effect under
Section 3(a) through the date Executive’s employment terminates.

The term “Disability”
as used in this Employment Agreement means the suffering by Executive for at least a 180 consecutive day period of a physical or
mental condition resulting from bodily injury, disease, or mental disorder which renders Executive incapable of continuing even
with reasonable accommodation to perform the essential functions of Executive’s job. Employer or the Shareholder shall determine
whether Executive has a Disability. If Executive disputes such determination, the issue shall be submitted to a panel consisting
of three physicians who specialize in the physical or mental condition from which Executive is believed to suffer, one appointed
and paid by Employer, one appointed and paid by Executive and the third appointed by these two physicians and paid one-half by
Employer and one-half by Executive. The determination as to whether Executive has a Disability shall be made by such panel and
shall be binding on Employer and on Executive. Executive acknowledges that, given the nature of Employer’s and Employer’
business and the critical importance of his position to the operations of Employer, it would constitute an unreasonable accommodation
on the part of Employer to operate without the services of Executive for in excess of 180 consecutive days. Furthermore, Executive
acknowledges that it would be impractical for Employer to hire a replacement for Executive, unless the replacement is hired on
a permanent basis.

 

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(f)      Benefits
at Termination of Employment. Executive shall not be entitled, by reason of his employment with Employer or by reason of any
termination of such employment, however arising, to any remuneration, compensation or benefits other than those expressly provided
for in this Section 4. However, any termination of Executive arising out of Executive’s death, or Disability does not
affect Executive’s right to collect disability or life insurance benefits that Executive may remain entitled to receive at
that time in accordance with the terms of the applicable benefit plan, program or policy.

5.      Covenants
by Executive.

(a)      Employer
Property.

(1)      Executive
upon the termination of Executive’s employment for any reason or, if earlier, upon Employer’s or Employer’ request
shall promptly return all “Property” which had been entrusted or made available to Executive by Employer.

(2)      The
term “Property” means all records, files, memoranda, reports, price lists, customer lists, drawings, plans, sketches,
keys, codes, computer hardware and software and other property of any kind or description prepared, used or possessed by Executive
during Executive’s employment by Employer (and any duplicates of any such property) together with any and all information,
ideas, concepts, discoveries, and inventions and the like conceived, made, developed or acquired at any time by Executive individually
or, with others during Executive’s employment which relate to Employer’s or Employer’ business, products or services.

(b)      Trade
Secrets.

(1)      Executive
agrees that Executive will hold in a fiduciary capacity for the benefit of Employer, as their respective interests may appear,
and will not directly or indirectly use or disclose, any “Trade Secret” that Executive may have acquired during the
term of Executive’s employment by Employer for so long as such information remains a Trade Secret.

(2)      The
term “Trade Secret” means information, including, but not limited to, technical or nontechnical data, a formula, a
pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product
plans, or a list of actual or potential customers or suppliers that (a) derives economic value, actual or potential, from not being
generally known to, and not being generally readily ascertainable by proper means by, other persons who can obtain economic value
from its disclosure or use and (b) is the subject of reasonable efforts by Employer, to maintain its secrecy.

(3)      This
Section 5(b) and Section 5(c) are intended to provide rights to Employer that are in addition to, not in lieu of, those
rights Employer has under the common law or applicable statutes for the protection of trade secrets.

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(c)      Confidential
Information.

(1)      Executive
while employed under this Employment Agreement and thereafter during the “Restricted Period” shall hold in a fiduciary
capacity for the benefit of Employer, and shall not directly or indirectly use or disclose, any “Confidential Information”
that Executive may have acquired (whether or not developed or compiled by Executive and whether or not Executive is authorized
to have access to such information) during the term of, and in the course of, or as a result of Executive’s employment by
Employer.

(2)      The
term “Confidential Information” means any secret, confidential or proprietary information of Employer relating to its
respective businesses, including, without limitation, trade secrets, customer lists, details of client or consultant contracts,
current and anticipated customer requirements, pricing policies, price lists, market studies, business plans, operational methods,
marketing plans or strategies, product development techniques or flaws, computer software programs (including object code and source
code), data and documentation data, base technologies, systems, structures and architectures, inventions and ideas, past, current
and planned research and development, compilations, devices, methods, techniques, processes, financial information and data, business
acquisition plans and new personnel acquisition plans (not otherwise included in the definition of a Trade Secret under this Employment
Agreement) that has not become generally available to the public by the act of one who has the right to disclose such information
without violating any right of Employer. Confidential Information may include as well, but it is not limited to, future business
plans, licensing strategies, advertising campaigns, information regarding customers, employees and independent contractors and
the terms and conditions of this Employment Agreement.

(d)      Restricted
Period. The term “Restricted Period” as used in the Employment Agreement shall mean the period that starts on the
date of this Employment Agreement and extends until the later of one year from the date of this Employment Agreement and one year
after Executive’s employment with Employer terminates without regard to whether such termination comes before, at or after
the end of the Term.

(e)      Nonsolicitation
of Customers or Employees.

(1)      Executive
(i) while employed under this Employment Agreement shall not, on Executive’s own behalf or on behalf of any person, firm,
partnership, association, corporation or business organization, entity or enterprise (other than Employer), solicit Competing Business
of customers of Employer and (ii) during the Restricted Period shall not, on Executive’s own behalf or on behalf of any person,
firm, partnership, association, corporation or business organization, entity or enterprise, solicit Competing Business of customers
of Employer with whom Executive within the twenty-four month period immediately preceding the beginning of the Restricted Period
had or made contact in the course of Executive’s employment by Employer.

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(2)      Executive
(i) while employed under this Employment Agreement shall not, either directly or indirectly, call on, solicit or attempt to induce
any other officer, employee or independent contractor of Employer to terminate his or her employment with Employer and shall not
assist any other person or entity in such a solicitation (regardless of whether any such officer, employee or independent contractor
would commit a breach of contract by terminated his or her employment), and (ii) during the Restricted Period, shall not,
either directly or indirectly, call on, solicit or attempt to induce any other officer, employee or independent contractor of Employer
with whom Executive had contact, knowledge of, or association in the course of Executive’s employment with Employer, during
the twelve month period immediately preceding the beginning of the Restricted Period, to terminate his or her employment with Employer
and shall not assist any other person or entity in such a solicitation (regardless of whether any such officer, employee or independent
contractor would commit a breach of contract by terminating his or her employment).

(3)      The
term “Competing Business” as used in this Employment Agreement means the creation or development, marketing, selling,
licensing or servicing of any product or service in a way which competes with Employer.

(f)      Noncompetition
Obligation. Executive while employed under this Employment Agreement and thereafter during the Restricted Period shall not
conduct or participate in Competing Business or organize or form any other business that will conduct Competing Business and shall
not engage in the management of, or provide consulting concerning the management of, Competing Business on behalf of any business
other than Employer.

(g)      Reasonable
and Continuing Obligations. Executive agrees that Executive’s obligations under this Section 5 are obligations that
will continue beyond the date Executive’s employment terminates and that such obligations are reasonable and necessary to
protect Employer’s and Employer’ legitimate business interests. Employer in addition shall have the right to take such
other action as it deems necessary or appropriate to compel compliance with the provisions of this Section 5.

(h)      Remedy
for Breach. Executive agrees that the remedies at law of Employer for any actual or threatened breach by Executive of the covenants
in this Section 5 would be inadequate and that Employer shall be entitled to specific performance of the covenants in this
Section 5, including entry of an ex parte, temporary restraining order in state or federal court, preliminary and permanent
injunctive relief against activities in violation of this Section 5, or both, or other appropriate judicial remedy, writ or
order, in addition to any damages and legal expenses which Employer may be legally entitled to recover. Executive acknowledges
and agrees that the covenants in this Section 5 shall be construed as agreements independent of any other provision of this
or any other agreement between Employer and Executive, and that the existence of any claim or cause of action by Executive against
Employer, whether predicated upon this Employment Agreement or any other agreement, shall not constitute a defense to the enforcement
by Employer of such covenants.

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(i)      Survival.      Executive’s
obligations under this Section 5 shall survive the expiration or termination of this Employment Agreement, regardless of the
grounds for any such termination.

6.      Miscellaneous.

(a)      Notices.
Notices and all other communications shall be in writing and shall be deemed to have been duly given when personally delivered
or when mailed by United States registered or certified mail, or by e-mail with proof of receipt. Notices to Employer shall be
sent to Alpha Network Alliance Ventures Inc., 11801 Pierce Street, 2nd Floor, Riverside, California 92505, Attention: Corporate
Secretary. Notices and communications to Executive shall be sent to the address Executive most recently provided to Employer for
this purpose. Proof of actual receipt of notice shall evidence proper notice regardless of means of delivery. Alpha Network Alliance
Ventures Inc., and any of its subsidiaries, shall have the right to act as agent for Employer for the giving of any notice required
or permitted under this Employment Agreement.

(b)      No Waiver.
Except for the notice described in Section 6(a), no failure by either Employer, Employer or Executive at any time to give
notice of any breach by the other of, or to require compliance with, any condition or provision of this Employment Agreement shall
be deemed a waiver of any provisions or conditions of this Employment Agreement.

(c)      Governing
Law. This Employment Agreement shall be governed by the laws of the Delaware, without reference to the choice of law principles
thereof.

(d)      Assignment.
This Employment Agreement shall be binding upon and inure to the benefit of Employer and any successor to all or substantially
all of the business or assets of Employer and any permitted assigns. Employer may assign its interests in this Employment Agreement
to a successor to its business or to Employer or any subsidiary or affiliate of or successor to Employer, and no such assignment
shall be treated as a termination of Executive’s employment under this Employment Agreement. Executive’s rights and
obligations under this Employment Agreement are personal and shall not be assigned or transferred.

(e)      Other
Agreements. This Employment Agreement replaces and merges any and all previous agreements and understandings regarding all
the terms and conditions of Executive’s employment relationship with Employer, and this Employment Agreement constitutes
the entire agreement between Employer and Executive with respect to such terms and conditions. This Employment Agreement constitutes
the entire agreement between Employer and Executive with respect to the subject matter covered hereby.

(f)      Amendment.
No amendment to this Employment Agreement shall be effective unless it is in writing and signed by Employer and/or Employer, as
their respective interests are thereby affected, and by Executive.

(g)      Invalidity.
If any part of this Employment Agreement is held by a court of competent jurisdiction to be invalid or otherwise unenforceable,
the remaining part shall be unaffected and shall continue in full force and effect, and the invalid or otherwise unenforceable
part shall be deemed not to be part of this Employment Agreement.

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IN WITNESS WHEREOF,
Employer, Employer and Executive have executed this Employment Agreement in multiple originals to be effective on the first date
of the Term.

Employer:

 

ALPHA NETWORK ALLIANCE VENTURES INC.,

a Nevada corporation

 

 

	By: 	/s/ Eleazar Rivera	 	Date:  November 23, 2014
	 	Name:  Eleazar Rivera	 	 
	 	Title: President	 	 

 

 

EXECUTIVE

 

 

	/s/ Eleazar Rivera	 	Date:  November 23, 2014
	Eleazar Rivera	 	 

 

 

 

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