Document:

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (this “Agreement”)
is made and effective this 23rd day of February 2012, by and between NorWesTech, Inc., a Delaware corporation having its principal
office at 589 Eighth Avenue, 6th Floor, New York, NY 10018 (the “Company”) and Matthew Schwartz (the “Executive”).

NOW, THEREFORE, the parties agree as follows:

		1.	Employment. 

The Company hereby agrees to employ the Executive as Vice President - Administration, Chief Compliance Officer and Secretary and the Executive hereby accepts such employment in accordance with the terms of this Agreement and the terms of employment applicable to regular employees of the Company. In the event of any conflict or ambiguity between the terms of this Agreement and terms of employment applicable to regular employees, the terms of this Agreement shall control.

		2.	Duties of Executive. 

The duties of the Executive shall include the performance
of all of the duties typical of the office(s) or position(s) held by the Executive as described in the bylaws of the Company and
such other duties and projects as may be assigned by the board of directors of the Company (the “Board of Directors”).
The Executive shall devote his full time efforts, ability and attention to the business of the Company and shall perform all duties
in a professional, ethical and businesslike manner. Nothing herein shall preclude the Executive from participating as a member
of a board of directors or an advisory board of any company whose business does not compete with the business of the Company or
with respect to any investment activities.

		3.	Compensation. 

In consideration of the services to be rendered by the Executive
hereunder, the Company shall compensate the Executive as follows:

		A.	Commencing on the date of this Agreement and continuing for a period of one (1) year, the Company shall pay the Executive a
base salary of $100,000 per year, payable in installments according to the Company’s regular payroll schedule.

		B.	On the date of this Agreement, the Executive shall be granted 200,000 option shares at the price on the date of issuance.
Said options shall be subject to the Company’s stock option plan.

		4.	Benefits. 

		A.	Holidays. The Executive will be entitled to the same holiday schedule as provided to other officers of the Company as
set forth in the Company’s employment benefits plan, as may be modified from time to time. The Company will notify the Executive
on or about the beginning of each calendar year with respect to the holiday schedule for the coming year.

 

    	 

    	 

    
 

		B.	Vacation. The Executive shall be entitled to four (4) weeks paid vacation days in each calendar year.

		C.	Sick Leave. The Executive shall be entitled to sick leave and emergency leave according to the regular policies and
procedures of the Company. Additional sick leave or emergency leave over and above paid leave provided by the Company, if any,
shall be unpaid and shall be granted at the discretion of the Board of Directors.

		D.	Medical and Group Life Insurance. The Company agrees to include the Executive in the group medical and hospital plan
of the Company and provide group life insurance for the Executive at no charge to the Executive during the term of this Agreement.
However, the Executive shall receive same benefits as other officers of the Company. The Executive shall be responsible for payment
of any federal or state income tax imposed on these benefits.

		E.	Bonus, Incentive, Pension and Profit Sharing Plans. The Executive shall be entitled to participate in any bonus, incentive,
pension or profit sharing plan or other type of additional benefits provided by the Company for the benefit of officers and/or
regular employees.

		F.	Expense Reimbursement. The Executive shall be entitled to reimbursement for all reasonable expenses, including travel
and entertainment, incurred by the Executive in the performance of the Executive’s duties. The Executive will maintain records
and written receipts as required by Company policy.

		5.	Term and Termination

		A.	The term of this Agreement shall commence on the date of this Agreement and terminate on the first anniversary of the date
of this Agreement.

		B.	The Company may terminate the Executive for cause as defined in this paragraph. Cause is defined as: the Executive (i) is in
breach of any material obligation owed to the Company in this Agreement, or (ii) engages in a criminal act or engages in any act
of moral turpitude. The Company may terminate this Agreement for Cause upon five (5) day’s prior written notice to the Executive.
In the event of termination of this Agreement pursuant to this paragraph, the Executive shall be paid only at the then applicable
base salary rate up to and including the date of termination.

		C.	The Executive may terminate this Agreement at the Executive’s discretion by providing at least thirty (30) days prior
written notice to the Company. In the event of termination by the Executive pursuant to this paragraph, the Company may immediately
relieve the Executive of all duties and immediately terminate this Agreement, provided that the Company shall pay the Executive
at the then applicable base salary rate to the termination date included in the Executive’s original termination notice.

		D.	In the event the Company is acquired, or is the non-surviving party in a merger, or sells all or substantially all of its assets,
the Company agrees to pay the Executive two (2) times the then applicable base salary rate less any money to be received from the
surviving entity or buyer.

 

    	2

    	 

    
 

		E.	In the event the Company terminates the Executive without cause, the Company shall be bound to pay the unpaid salary and vacation
amounts remaining under this Agreement and pay a pro rated amount of any bonus earned as of the date of termination.

		6.	Employee Covenants. 

		A.	Unauthorized Disclosure. The Executive shall not, during the term of this Agreement and thereafter, make any Unauthorized
Disclosure. For purposes of this Agreement, “Unauthorized Disclosure” shall mean disclosure by the Executive without
the prior written consent of the Board of Directors of the Company to any person or entity, other than an employee of the Company
or a person or entity to whom disclosure is reasonably necessary or appropriate in connection with the performance by the Executive
of his duties as an executive officer of the Company, of any confidential information relating to the business or prospects of
the Company including, but not limited to, any confidential information with respect to any of the Company’s customers, products,
methods of distribution, strategies, business and marketing plans and business policies and practices, except (i) to the extent
disclosure is or may be required by law, by a court of law or by any governmental agency or other person or entity with apparent
jurisdiction to require him to divulge, disclose or make available such information or (ii) in confidence to an attorney or
other advisor for the purpose of securing professional advice concerning the Executive’s personal matters provided such attorney
or other advisor agrees to observe these confidentiality provisions. Unauthorized Disclosure shall not include the use or disclosure
by the Executive, without consent, of any information known generally to the public or known within the Company’s trade or
industry (other than as a result of disclosure by him in violation of this paragraph). This confidentiality covenant has no temporal,
geographical or territorial restriction.

		B.	Non-Competition. For a period of one (1) year following termination of this Agreement, for any reason whatsoever, the
Executive shall not, directly or indirectly, without the prior written consent of the Company, own, manage, operate, join, control,
be employed by, consult with or participate in the ownership, management, operation or control of, or be connected with (other
than as a 5% or less stockholder, partner, or beneficial owner) any other competitive business.

		C.	Non-Solicitation. For a period of one year after termination of his employment, the Executive shall not, either directly
or indirectly, alone or in conjunction with another person, interfere with or harm, or attempt to interfere with or harm, the relationship
of the Company, its subsidiaries and/or affiliates, with any person who at any time was an employee, advisor, consultant or agent
of the Company.

		D.	Remedies. The Executive agrees that any breach of the terms of this Section would result in irreparable injury and damage
to the Company for which the Company would have no adequate remedy at law, and further agrees that in the event of said breach
or any threat of breach, the Company shall be entitled to seek an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Executive, in addition to any other remedies to which the Company may be
entitled at law or in equity. The Executive and the Company further agree that the provisions of the covenants not to compete and
solicit are reasonable and that the Company would not have entered into this Agreement but for the inclusion of such covenants
herein. Should a court or arbitrator determine, however, that any provision of the covenants is unreasonable, either in period
of time, geographical area, or otherwise, the parties hereto agree that the covenants should be interpreted and enforced to the
maximum extent which such court or arbitrator deems reasonable.

 

    	3

    	 

    
 

		7.	Notices. 

Any notice required by this Agreement or given in connection
with it shall be deemed to have been given if delivered in writing personally or by certified mail, postage prepaid, or recognized
overnight delivery services to the appropriate party at the address set forth below, or at such other address as each party may
designate in writing to the other:

If to the Company:

Grandparents.com, Inc.

589 Eighth Avenue, 6th Floor

New York, NY 10018

 

with a copy to:

Sills Cummis & Gross P.C.

1 Riverfront Plaza

Newark, New Jersey 07102

Attention: Jeffrey L. Wasserman

 

 

If to the Executive:

Matthew Schwartz

65 Lincoln Boulevard

Merrick, New York 11566

 

 

		8.	Final Agreement; Modifications. 

This Agreement terminates and supersedes all prior understandings
or agreements on the subject matter hereof. This Agreement may be modified only by a further writing that is duly executed by both
parties.

		9.	Governing Law. 

This Agreement shall be construed and enforced in accordance
with the laws of the State of New York.

		10.	Headings. 

Headings used in this Agreement are provided for convenience
only and shall not be used to construe meanings or intent.

		11.	No Assignment. 

Neither this Agreement nor any interest in this Agreement
may be assigned by the Executive without the prior express written approval of the Company, which may be withheld by the Company
at the Company’s absolute discretion.

 

    	4

    	 

    
 

		12.	Severability. 

If any term of this Agreement is held by a court of competent
jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining tents, will remain in full force
and effect as if such invalid or unenforceable term had never been included.

		13.	Arbitration. 

In the event of any controversy or claim between the Company
or any of its affiliates and the Executive arising out of or relating to this Agreement, if either party delivers to the other
party a written demand for arbitration of a controversy or claim, then such claim or controversy shall be submitted to binding
arbitration. The binding arbitration shall be administered by the American Arbitration Association under its Commercial Arbitration
Rules. The arbitration shall take place in New York, NY. Each of the Company and the Executive shall appoint one person to act
as an arbitrator, and a third arbitrator shall be chosen by the first two arbitrators (such three arbitrators, the “Panel”).
The Panel shall have no authority to award punitive damages against the Company or the Executive. The Panel shall have no authority
to add to, alter, amend or refuse to enforce any portion of the disputed agreements. The Company and the Executive each waive any
right to a jury trial or to petition for stay in any action or proceeding of any kind arising out of or relating to this Agreement.

[Signatures follow on next page]

 

    	5

    	 

    

 

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

 

	 	NORWESTECH, INC.	 
	 	 	 	 
	 	By: 	/s/ Joseph Bernstein	 
	 	 	Joseph Bernstein	 
	 	 	Co-Chief Executive Officer	 
	 	 	 	 

  

	 	EXECUTIVE	 
	 	 	 	 
	 	/s/ Matthew Schwartz	 
	 	Matthew SchwartzAMENDED AND RESTATED

NEGOTIABLE PROMISSORY NOTE

 

	 	New York, New York
	$78,543	as of
    February 23, 2012

 

FOR VALUE RECEIVED,
GRANDPARENTS.COM, INC., a Delaware corporation with offices at 589 Eighth Avenue, 6th floor, New York, NY 10018
(the “Maker”), promises to pay to the order of STEVEN E. LEBER, with offices at 589 Eighth Avenue, 6th
floor, New York, NY 10018, and/or his successors or assigns (“Payee”), the sum of SEVENTY EIGHT THOUSAND
FIVE HUNDRED FORTY THREE DOLLARS ($78,543) in accordance with the terms of this Amended and Restated Negotiable Promissory
Note (this “Note”); said sum being admittedly due and owing by Maker to Payee, without offset, defense or counterclaim.

Recitals

WHEREAS, Grandparents.com,
LLC, a Florida limited liability company (“Grandparents”), executed and delivered to Payee and Joseph Bernstein
that certain 5% Revolving Note dated as of January 1, 2011 pursuant to which Payee and Joseph Bernstein have advanced an aggregate
amount of $126,000 to Grandparents of which an aggregate of $63,000 is outstanding, which such amount, together with interest thereon
from the date of such advances, as of the date of this Note (the “Revolving Note”);

WHEREAS, Grandparents
executed and delivered to Payee that certain Negotiable Promissory Note dated as of July 13, 2011 in the original principal amount
of $15,543, which such amount, together with interest from July 13, 2011, is outstanding as of the date of this Note (the “July
Note” and together with the Revolving Note, the “Original Notes”);

WHEREAS, Grandparents
and Maker are parties to that certain Asset Contribution Agreement, dated as of February 23, 2012 (the “Asset Contribution
Agreement”), pursuant to which Maker assumed, effective as of the Closing (as defined in the Asset Contribution Agreement),
and from and after the Closing, Maker is obligated to pay, discharge or perform when due, as appropriate, all of the Assumed Liabilities
(as defined in the Asset Contribution Agreement) including the Original Notes;

WHEREAS, pursuant
to the Asset Contribution Agreement, Maker is obligated to amend and restate the Original Notes to amend the terms upon which Maker
is permitted to repay the Original Notes; and

WHEREAS, Maker and
Payee desire to amend and restate the Original Notes into one single note as provided in this Note.

    	 

    	 

    
 

NOW THEREFORE, in
consideration of the assignment of the Original Notes to Maker concurrently with the execution and delivery of this Note and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally
bound, hereby amend, and restate the Original Notes, as follows:

1.                 
Interest; Payment. This Note shall bear interest upon the unpaid aggregate principal balance at the rate of five
(5%) percent per annum. Interest on the unpaid principal balance shall be payable on the Maturity Date, when the entire unpaid
principal balance and interest shall be due and payable. Each payment shall first be applied to interest which shall have accrued
and then to reduce the then outstanding principal balance. Maker confirms that as of the date hereof interest on the Revolving
Note is due from the date of advances from time to time thereunder and interest on the July Note is due from July 13, 2011.

2.                 
Maturity Date. Except as set forth in this Note, this Note shall mature on the earlier of (i) the date on which Maker
files a quarterly or annual report or other filing with the Securities and Exchange Commission containing financial statements
reflecting EBITDA equal to or greater than the EBITDA Threshold, but in no event earlier than April 1, 2013, and (ii) the date
of the final closing of a Qualified Financing (the “Maturity Date”). On the Maturity Date, Maker shall pay to
Payee an amount in cash representing all unpaid principal and accrued and unpaid interest. For purposes of this Note:

(a)               
“EBITDA” means, for any period, the consolidated net income during such period of Maker, plus without
duplication and to the extent deducted in determining such consolidated net income, interest expense, consolidated income tax and
property tax expense, depreciation and amortization expense, but excluding non-recurring, non-cash gains or losses for such period,
in each case determined on a consolidated basis for Maker in conformity with generally accepted accounting principles in effect
in the United States from time to time;

(b)              
“EBITDA Threshold” means EBITDA of Maker equal to or greater than $2,500,000; and

(c)               
“Qualified Financing” means any equity or debt financing with gross proceeds to Maker of at least $10,000,000.

3.                 
Prepayment. This Note may not be prepaid in whole or in part at any time. 

4.                 
Pari Passu of Payment. This Note shall rank pari passu with (i) that certain Amended and Restated Negotiable Promissory
Note by Maker in favor of Joseph Bernstein in the principal amount of $78,543 (the “Bernstein Note”) and (ii)
that certain Negotiable Promissory Note by Maker in favor of Leber-Bernstein Group, LLC in the principal amount of $612,500 (the
“LBG Note”). Any payments on this Note, the Bernstein Note or the LBG Note shall be made pro rata among the
holders thereof.

5.                 
Subordination. Payments of principal and interest under this Note are subordinate to repayment of all indebtedness
evidenced by that certain Amended and Restated Promissory Note in favor of Meadows Capital, LLC (“Meadows”)
in the principal amount of $308,914 (the “Meadows Note”). As such the failure to repay this Note on the Maturity
Date due to the fact that the Meadows Note has not been repaid in full shall not be a breach of this Note.

    	2

    	 

    
 

6.                 
Guaranty. Payment of this Note is and shall be guaranteed by this performance pledge (the “Guaranty”)
by Grandparents. The Guaranty is an absolute, continuing, irrevocable, joint and several, and unconditional guaranty of payment
and performance, and not a guaranty of collection (the “Guaranteed Obligations”). In the event that this Note
has not been in full by April 1, 2013, for any reason, including, but not limited to the failure to have closed on a Qualified
Financing or the failure to satisfy clause (i) of Section 2, Payee shall be entitled to require Grandparents to promptly
pay the Guaranteed Obligations then due in full without notice or demand. In the event of such payment by Grandparents, Grandparents
shall assume this Note and become the Payee of this Note.

7.                 
Place of Payment; Waiver of Defenses, and Notices.

(a)               
All payments hereunder shall be payable at the offices of Payee, or at such other place as Payee may from time to time designate
pursuant to Section 11 hereof, or at such other place as may be agreed upon by the parties.

(b)              
This Note is payable by Maker without deduction by reason of set-off or counterclaim or any defense whatsoever and Payee
may offset amounts due hereunder against amounts due by it to Maker.

(c)               
Maker hereby waives demand for payment, notice of dishonor and protest, and notice of protest or other notice of any kind.

8.                 
Default; Remedies. In the event:

(a)               
of the nonpayment of any installment of principal or interest when due on this Note and such nonpayment continues for five
(5) business days following the day written notice of such nonpayment has been given to Maker; or

(b)              
of a default under the terms of any agreement between Maker and Payee, and such default is not timely cured in accordance
with the terms of such agreement or, if no time period is specified, within ten (10) days after written notice thereof; or

(c)               
Maker becomes insolvent or is generally not paying its debts as such debts become due; or

(d)              
the making of any general assignment by Maker for the benefit of creditors; the appointment of a receiver or similar trustee
for Maker or its assets; or

(e)               
Maker commences, or has commenced against it (and if such petition or action which is filed against it and such petition
or action is not dismissed or stayed within forty-five (45) days), any proceeding or request for relief under any bankruptcy, insolvency
or similar laws now or hereafter in effect in the United States of America or any state or territory thereof or any formal or informal
proceeding for the dissolution or liquidation of, settlement of claims against or winding up of affairs of Maker; or

    	3

    	 

    
 

(f)               
the reorganization, merger, consolidation or dissolution of Maker (or the making of any agreement therefor); the sale, assignment,
transfer or delivery of all or substantially all of the assets of Maker to a third party; or of a majority of the membership interest
of Maker or the cessation by Maker as a going business concern, including the cessation of the use of its website for more than
five (5) consecutive days.

then, on the happening of any such event (each
an “Event of Default”), any remaining unpaid installments and all liability of the Maker, upon this Note, at
the option of Payee, shall become due and payable immediately upon the giving of written notice by Payee to the Maker. The failure
to assert this right shall not be deemed a waiver thereof.

 

All rights and remedies
available to Payee are cumulative, and the exercise of any one right or remedy shall not preclude the exercise or be deemed a waiver
of any other right or remedy. After maturity, stated or accelerated, interest shall accrue at the maximum rate permitted by law,
but this provision shall not be deemed to constitute an extension of time for payment of the balance of principal. If this Note
is not paid in full in accordance with its terms, the Maker agrees to pay all costs and expenses of collection, including reasonable
attorney's fees and expenses.

9.                 
Late Fees.

(a)               
In the event of a late payment by Maker, Payee may collect from Maker a late charge not to exceed five cents (5¢) per
each dollar of payment due hereunder not paid within ten (10) days after the due date hereof, as liquidated damages for extra expense
involved in handling such delinquent payment. Acceptance by Payee of any late payment together with the late charge is at the option
of Payee and shall not constitute an extension of time for payment of such payment.

(b)              
Nothing contained in this Note or in any other agreement between Maker and Payee requires Maker to pay or Payee to accept,
interest in an amount which would subject Payee to any penalty or forfeiture under applicable law. In no event shall the total
of all charges payable hereunder, whether of interest or of such other charges which may or might be characterized as interest,
exceed the maximum rate permitted to be charged under the laws of the State of New York. Should Payee receive any payment on this
Note which is or would be in excess of that permitted to be charged under said laws, such payment shall have been, and shall be
deemed to have been, made in error and shall automatically be applied to reduce the principal indebtedness outstanding on this
Note.

10.             
Amendments. This Note may not be changed or terminated orally, but only by an agreement in writing signed by the
party against whom enforcement of any waiver, change, modification, or discharge is sought.

    	4

    	 

    
 

11.             
Notices. All notices, requests or other communications required hereunder shall be in writing and shall be deemed
to have been duly given or made if delivered personally or by courier service which obtains a signed receipt upon delivery, or
if mailed, by United States certified mail, postage prepaid, return receipt requested, to the parties at the respective addresses
first above written, or at such other addresses as shall be specified in writing by either of the parties to the other in accordance
with the terms and conditions of this Section 11. Notices shall be deemed effective, if delivered personally or by courier
service, on the date personally delivered or, if mailed in accordance herewith, then three (3) business days after mailing.

12.             
Successors and Assigns. The terms and provisions of this Note shall be binding upon and inure to the benefit of the
parties hereto and their respective successors, assigns and legal representatives.

13.             
Applicable Law and Jurisdiction. This Note shall be governed by and interpreted under the laws of the State of New
York applicable to contracts made and to be performed therein, without giving effect to the principles thereof relating to the
conflict of laws. The parties hereto consent that any legal or equity proceeding brought in connection with or arising out of any
matter relating to this Note shall be instituted only in a federal or state court of competent jurisdiction located within the
State and County where Payee’s principal corporate office shall be located on the date of commencement of such proceeding
to the exclusion of any other court or jurisdiction, and Maker hereby irrevocably consents to and submits to the jurisdiction of
the courts of the State and County where Payee’s principal corporate office shall be located on the date of commencement
of such proceeding and waives any objection it may have to either the jurisdiction or venue of such courts to the exclusion of
any other court or jurisdiction. Maker hereby further consents and agrees, and without limiting any other method of obtaining jurisdiction,
that in any action or proceeding commenced under the terms of this Note, service of a summons and complaint or any other process,
in any action or proceeding shall be sufficient if made on Maker by certified mail, return receipt requested, to Maker at the last
known address of such Maker, whether such address shall be within or without the jurisdiction of the Court where such action or
proceeding is pending, and Maker hereby unconditionally and irrevocably waive personal service of such process.

[Signatures follow on next page]

    	5

    	 

    

IN WITNESS WHEREOF,
Maker has executed this Note on the day and year first above written.

GRANDPARENTS.COM, INC.

 

 

By:     /s/
Joseph Bernstein                    

Name:Joseph Bernstein

Title:Co-Chief Executive Officer

 

 

[Signature of Grandparents follows on
next page]

 

    	 

    	 

    

IN WITNESS WHEREOF,
Grandparents has executed this Note, solely for purposes of Section 6 of this Note, on the day and year first above written.

GRANDPARENTS.COM, LLC

 

 

By:    /s/
Joseph Bernstein                   

Name:Joseph Bernstein

Title:Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}]]