Document:

Exhibit 10.2

QUANTUM
ENERGY INC.

 

COMPENSATION
COMMITTEE CHARTER

 

NOVEMBER
8, 2017

 

Purpose

 

The
functions of the Compensation Committee include development of compensation strategy and review of the compensation and performance
of officers of the Corporation, review and approval of criteria for the granting of bonuses, and administration of the Corporation’s
stock-based benefit plans and other officer and director compensation arrangements.

 

Organization

 

The
Corporation’s Board of Directors shall select two or more of its members, all of whom satisfy the definition of “independent”
under the listing standards of The Nasdaq Stock Market, to serve as members of the Compensation Committee. All Committee members
shall also be “non-employee directors” as defined by Rule 16b-3 under the Securities Exchange Act of 1934, as amended,
and “outside directors” as defined by Section 162(m) of the Internal Revenue Code. Each member will serve at the pleasure
of the Board of Directors and for such term or terms as the Board shall determine.

 

The
Board will select members of the Committee who will be approved by a majority vote of the Board. Committee members will serve
during their respective term as a director, subject to earlier removal by a majority vote of the Board. Unless a chair is elected
by the full Board, the members of the Committee may designate a chair by majority vote of the Committee membership.

 

Duties
and Responsibilities

 

The
principal processes of the Committee in carrying out its oversight responsibilities are set forth below. These processes are set
forth as a guide with the understanding that the Committee may supplement them as appropriate and may establish policies and procedures
from time to time that it deems necessary or advisable in fulfilling its responsibilities.

 

1.
The Committee will have the authority to determine the form and amount of compensation to be paid or awarded to all employees
of the Company. The Committee may delegate authority to subcommittees of the Committee or to executive officers of the Company
with respect to compensation determinations for persons who are not executive officers of the Company.

 

2.
The Committee will have the authority to determine the form and amount of compensation to be paid or awarded to the Company’s
directors, including compensation for service on the Board or on committees of the Board.

 

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3.
The Committee will have the sole authority and right, as and when it shall determine to be necessary or appropriate to the
functions of the Committee, at the expense of the Company and not at the expense of the members of the Committee, to retain
and terminate compensation consultants, legal counsel and other advisors of its choosing to assist the Committee in
connection with its functions. The Committee shall have the sole authority to approve the fees and other retention terms of
such advisors. The Company shall provide for appropriate funding, as determined by the Committee, for payment of compensation
to any such advisors employed by the Committee pursuant to this charter.

 

4.
The Committee will annually review the corporate goals and objectives relevant to executive officers’ compensation. Based
on this evaluation, the Committee will annually review decisions respecting (i) salary paid to the executive officers, (ii) the
grant of cash-based bonuses and equity compensation provided to the executive officers, (iii) the entering into or amendment or
extension of any employment contract or similar arrangement with the executive officers, (iv) executive officers’ severance
or change in control arrangement, (v) the provision of any perquisites not generally available to other Company employees and
(vi) any other executive officer compensation matters as from time to time directed by the Board. In determining the long-term
incentive component of the executive officer’s compensation, the Committee will consider the Company’s performance
and relative shareholder return, the value of similar incentive awards to executive officers at companies that the Committee determines
comparable based on factors it selects, and the incentive awards given to the Company’s executive officers in prior years.
In making determinations regarding any one of the foregoing components, the Committee shall consider all applicable components
of the executive officers’ compensation.

 

5.
The Committee will annually review and make recommendations to the Board with respect to adoption and approval of, or amendments
to, all cash-based and equity-based incentive compensation plans and arrangements, and the shares and amounts reserved thereunder
after taking into consideration the Company’s strategy of long-term and equity-based compensation.

 

6.
The Committee will: (i) approve grants of stock, stock options or stock purchase rights to individuals eligible for such grants
(including grants in compliance with Rule 16b-3 promulgated under the Exchange Act to individuals who are subject to Section 16
of the Exchange Act); (ii) interpret the Stock Plans and agreements thereunder; and (iii) determine acceptable forms of consideration
for stock acquired pursuant to the Stock Plans. The Committee may delegate to the Company’s Chief Executive Officer the
authority to grant options to employees of the Company or of any subsidiary of the Company who are not directors or executive
officers, provided that no option grant exceeds any limit subsequently established by resolution of the Committee and, provided
further, that the price per share is no less than the fair market value of the Company’s common stock on the date of grant.

 

7.
The Committee will meet with the CEO within 90 days after the commencement of each fiscal year to discuss the incentive compensation
programs to be in effect for the Company’s executive officers for such fiscal year and the corporate goals and objectives
relevant to those programs.

 

8.
The Committee will periodically review the Company’s procedures with respect to employee loans, and will not approve
any arrangement in which the Company, directly or indirectly, extends or maintains credit, arranges for the extension of
credit or renews an extension of credit, in the form of a personal loan to or for any director or executive officer (or
equivalent thereof) of the Company. The Committee will assist the Board and management of the Company in complying with this
prohibition.

 

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9.
The Committee will prepare an annual report on executive compensation to the Company’s stockholders for inclusion in the
proxy statement for the Company’s annual meeting in accordance with the rules and regulations of the Securities and Exchange
Commission.

 

10.
The Committee will make regular reports to the Board.

 

11.
The Committee will review this Charter annually and recommend to the Board any changes it determines are appropriate.

 

12.
The Committee will at least annually review its performance and submit a report on its performance to the Board.

 

13.
The Committee will perform any other activities required by applicable law, rules or regulations, including the rules of the Securities
and Exchange Commission and any exchange or market on which the Company’s capital stock is traded, and perform other activities
that are consistent with this charter, the Company’s certificate of incorporation and bylaws, and governing laws, as the
Committee or the Board deems necessary or appropriate.

 

Procedural
Matters

 

One-third
of the members, but not less than two, will constitute a quorum. A majority of the members present at any meeting at which a quorum
is present may act on behalf of the Committee. The Committee will meet at such times as shall be determined by its Chairperson,
or upon the request of any two of its members. The Chairperson shall preside, when present, at all meetings of the Committee.
The Committee will keep a record of its meetings and report on them to the Board of Directors. The Committee may meet by telephone
or video conference and may take action by written consent.

 

Minutes

 

The
Committee will maintain written minutes of its meetings, and will file such minutes with the minutes of the meetings of the Board.

 

     Page | 3Exhibit 10.3

 

QUANTUM
ENERGY INC. 

 

NOMINATING
AND CORPORATE GOVERNANCE COMMITTEE CHARTER

 

Dated
November 8, 2017 

 

PURPOSE

 

Quantum
Energy Inc (the “Corporation”) is a publicly-held Corporation and operates in a complex, dynamic, highly competitive,
and regulated environment. The business and affairs of the Corporation are governed by (or under the direction of) a Board of
Directors (“Board”), so that the recommendation and selection of qualified individuals to be Board members
is crucial to the successful operation of the Corporation. The Nominating and Corporate Governance Committee’s (the “Committee”)
primary purposes are to carry out and perform the responsibilities and duties delegated by the Board relating to the Corporation’s
director nomination process, development and oversight of the Corporation’s corporate governance policies, and any corporate
governance-related matters required by the U.S. securities laws and NASDAQ listing standards as set forth in this Charter.

 

MEMBERS

 

The
Committee will consist of three or more directors, each of whom the Board has determined meets the independence requirements of
the Corporation’s Standards for Director Independence, the NASDAQ and the Securities and Exchange Commission (the “SEC”).
The members of the Committee are appointed by the Board and serve until their successors are duly appointed in connection with
a change in Committee composition, or until they are no longer on the Board. The Lead Independent Director, as elected by the
Board, will be the Chair of the Committee. The Chair of the Board and the Chief Executive Officer of the Corporation are permitted
to attend all Committee meetings.

 

DUTIES
AND RESPONSIBILITIES

 

The
Committee has the following responsibilities and duties:

 

		1.	Identification,
Evaluation and Recommendation of Board Candidates

 

		1.	Formulate
the Corporation’s policies and procedures for identifying a diverse pool of qualified director candidates and for evaluating
and recommending candidates, including consideration of candidates recommended by shareholders and the other directors, to be
considered by the Board for nomination at an annual or extraordinary general meeting of shareholders or for election by the Board
to fill a vacancy existing on the Board.

 

		2.	As
necessary, identify, evaluate and recommend to the Board qualified individuals for (i) the Board to nominate for election as directors
at either an annual general meeting or an extraordinary general meeting of shareholders, and (ii) election by the Board to fill
vacancies existing on the Board. Candidates selected for nomination to the Board by the Corporation will meet the criteria approved
by the Board and articulated in the Corporation’s Principles of Corporate Governance (the “Principles”).

 

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		3.	Review
and make recommendations to the Board whether members of the Board should stand for re-election, with consideration to the annual
independence review, the criteria articulated in the Principles, and the current size and composition of the Board.

 

		4.	Administer
the process outlined in the Corporation’s Articles of Incorporation concerning shareholder nominations for director candidates.

 

		5.	Consider
matters relating to the retirement of members of the Board, including term limits or age limits.

 

		6.	Consider
any resignation offered by a director who changes the primary career responsibility he or she held when elected to the Board,
and recommend to the Board whether to accept such resignation.

 

		2.	Board
Structure and Organization

 

		1.	Develop
an annual evaluation process for the Board and its committees and oversee the execution of such annual evaluations, including
the Committee’s own evaluation.

 

		2.	Recommend
to the Board, in accordance with the policies and procedures outlined in the Principles, directors qualified to serve as members
of each committee and as committee chairs.

 

		3.	Review
periodically, but at least annually, the size and composition of the Board and each standing committee and recommend to the Board
such changes that the Committee deems necessary for the proper governance of the Corporation.

 

		4.	Consider
the number of regular Board meetings to be held during each year and recommend to the Board such increases or decreases that the
Committee deems appropriate.

 

		3.	Corporate
Governance

 

		1.	Review
the Principles at least annually and recommend to the Board changes as the Committee deems desirable, based on all applicable
laws, rules, listing standards, and best practices.

 

		2.	Monitor
emerging corporate governance trends, oversee and evaluate the Corporation’s corporate governance policies and programs,
and recommend to the Board such changes as the Committee believes desirable.

 

		3.	Review,
in accordance with the Corporation’s Related Party Transaction Policies and Procedures, transactions and relationships with
related parties that are required to be approved or ratified thereunder.

 

		4.	Review
the Corporation’s Related Party Transaction Policies and Procedures on a periodic basis and recommend to the Board changes
as the Committee deems desirable, based on all applicable laws, rules, listing standards and best practices.

 

		5.	Review
shareholder proposals and recommend to the Board proposed Corporation responses to such proposals for inclusion in the Corporation’s
proxy statement or otherwise.

 

		6.	Review
periodically as it deems appropriate, but at least annually, the Corporation’s Standards for Director Independence and enhanced
independence requirements issued by NASDAQ and by other applicable regulators and advisory services, recommend to the Board any
modifications to the Corporation’s standards that the Committee deems desirable, and provide to the Board the Committee’s
assessment of which directors should be deemed independent directors under applicable rules, policies, regulations, the then-current
Corporation standards, and under any recommended modifications to the Corporation standards.

 

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		7.	Review
periodically as it deems appropriate, but at least annually, the requirements of a “financial expert” under applicable
rules of the SEC and NASDAQ, assess which directors should be deemed financial experts and recommend to the Board the determination
that such directors are “financial experts.”

 

		8.	Oversee
and review on a periodic basis the continuing education program for directors and the orientation program for new directors.

 

		9.	Conduct
an annual performance evaluation of the Committee in such manner as the Committee deems appropriate. 10. Review this charter annually
and recommend to the Board any revisions to this charter deemed necessary or desirable.

 

		10.	Review
                                         this charter annually and recommend to the Board any revisions to this charter deemed
                                         necessary or desirable.

 

		4.	Other
Responsibilities

 

		1.	Review
and provide advice to the Board on matters relating to director compensation, including compensation philosophy and the components
of compensation for directors, and recommend director compensation and benefits and changes to director compensation and benefits
to the Board.

 

		2.	Review
stock ownership guidelines for directors and, as appropriate, recommend changes to the Board. Monitor compliance by directors
with the Corporation’s stock ownership guidelines.

 

		3.	Review,
in accordance with and as frequently as required by the Corporation’s Political Contribution Policy, the Corporation’s
corporate political contributions.

 

		4.	Perform
such other functions as assigned by applicable law, regulations, listing standards, the Corporation’s Articles of Association,
or the Board.

 

MEETINGS

 

The
Committee will meet as often as it deems appropriate to perform its duties and responsibilities under this charter, either in
person or telephonically, and at a place and time determined by the Committee. The Committee may request any director, officer
or employee of the Corporation or the Corporation’s outside counsel to attend a meeting of the Committee or to meet with
any members of, or consultants to, the Committee. The Committee will report on its activities to the Board regularly.

 

DELEGATION

 

The
Committee may, in its discretion, form and delegate authority to subcommittees, including a single member, when appropriate and
consistent with applicable law. Any actions taken by a subcommittee will be reported to the full Committee at its next meeting.

 

The
duty to oversee an annual evaluation of the performance of management, included in the NASDAQ rules as a duty of the Committee,
has been delegated to the Compensation Committee.

 

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AUTHORITY

 

The
Committee will have the authority appropriate to discharge its duties and responsibilities, including retaining outside counsel,
outside search firms and any other advisors as the Committee may deem appropriate in its sole discretion. The Committee will have
sole authority to retain and terminate any such counsel, search firm or advisor, including sole authority to approve its fees
and other retention terms.

 

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