Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

CEO and President

 

Between

Mark Bradley Feldgreber

And 

The Players Network

 

 

 

 

July 17, 2015

 

 

 

 

 

 

 

    	 

    	 

    

 

THE PLAYERS NETWORK

EMPLOYMENT AGREEMENT

CEO and Chairman, Players Networks 

 

 

THIS EMPLOYMENT
AGREEMENT (this "Agreement") is made as of July 17, 2015 by and between Mark Bradley Feldgreber ("Employee")
and The Players Network, a Nevada corporation ("Employer"or the “Company”).

 

WHEREAS, Employee
is the founder and a major continuing creative force within Employer and essential to its growth and development.

 

WHEREAS, Employee's
abilities and services are unique and essential to the prospects of Employer.

 

A G R E E M E
N T

 

NOW, THEREFORE,
in consideration of the mutual covenants set forth below, the parties hereby agree as follows.

 

Section 1. Employment.

 

1.1Term.
Employer shall employ Employee, and Employee shall serve Employer for approximately five (5) years and six (6) months commencing
on July 1, 2015, subject to the provisions set forth below.

 

1.2Duties.

 

(a)Capacity.
So long as he is employed by Employer, Employee shall be employed as CEO and Chairman of the Board of Players Network in Las Vegas
and will be an employee of the Employer at all times during the term of this Agreement. Employer and Employee acknowledge and agree
that Employee’s position is the Chief Executive Officer and shall be entitled to the rights and benefits that are afforded
to the responsibilities of Chief Executive Officer. Employee will report directly to the Company’s Board of Directors. Employee
will also serve as a member of the Board of Directors as allowed by the SEC to represent a member from the Company’s day
to day operations.

 

The duties and corresponding
authority would include, but are not limited to, maintaining the Company’s public status within the legal guidelines of the
Security and Exchange Commission, overseeing the overall direction of Company growth through financing, business development, strategic
positioning, distribution partners, branding, day to day operations, creation of new entertainment industry programming, the acquisition
of programming, co-productions and the outsource production services of the Company’s soundstage and production capabilities
with a focused direction to increase the Company’s revenue and share holder value.

 

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Day to day operational
duties include, but not be limited to, having the final approval in the negotiations of all major contracts, hiring of management
and other employees, the creative and business direction of the company, and, working directly with the Company’s legal counsel,
auditors, and other senior management, consultants and producers. In the exercise of his duties, Employee will comply with all
policies and procedures of the Employer as its relates to hiring and discharging employees that directly or indirectly report to
Employee. He will also provide input regarding compensation including raises and bonuses for senior management employees to the
Board of Directors or its compensation committee as directed and required by compensation policies established by the Board of
Directors.

 

(b)Schedule.
So long as he is employed by Employer, Employee shall devote the majority of Employee’s working time and attention, as necessary,
to faithfully and fully carryout his duties described herein; provided, however, Employee may (i) serve as a Director of other
business organizations with the prior written approval of Employer, (ii) devote time to and invest in non-competing side activities,
provided that such activities do not individually or in the aggregate interfere with his duties so as to adversely affect Employer's
business. Employee shall at all times perform his duties and obligations faithfully, diligently and to the best of Employee's ability.

 

(c)Key Man
Insurance. Employer may for its benefit and at its own expense insure Employee's life. Employee agrees to submit to such
physical examination and supply such information as may be reasonably required in connection therewith.

 

1.3Compensation.
 As compensation for the services to be rendered during such period and the other obligations undertaken by Employee hereunder,
Employee shall be entitled to the following compensation:

 

(a)Base Salary.
 Employer shall pay to Employee an annual base salary of One Hundred and Seventy-Five Thousand Dollars ($175,000) during the
term of this Agreement (the "Base Salary") or such greater amount as may be determined upon a review of Employee's
performance to be undertaken pursuant to Company policy regarding performance reviews by the Board of Directors at least once annually.
Employee's Base Salary shall be payable in accordance with Employer's standard payroll procedures.

 

(b)Trading
Price.  “Trading Price” means, for any security as of any date, the closing price on the Over-The-Counter Bulletin
Board, or applicable trading market {the “OTCBB”} as reported by a reliable reporting service (“Reporting Service”).

 

(i)
In the event the Board of Directors determines that the Company cannot afford to pay Employee any portion of his Base Salary, Employee
may, at his sole option elect one of the following:

 

(ii) Agree to
defer receipt of his Base Salary until such time as the Company has the funds to pay him. In the event that Employee elects this
option, the unpaid salary shall be paid with no interest.

 

(iii) Elect to
convert all, or a portion of the unpaid Salary into Series C Preferred Stock at an exchange rate equal to the Closing Trading Price
of the Company’s Common Stock on the date immediately preceding each election. Upon election, the certificates must be issued
within five (5) business days, and the election cannot be revoked for any reason whatsoever without forfeiture of the unpaid salary.

 

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(c)Certain
Benefits. Employee shall be entitled to participate in all employee benefit programs established by the Company from time
to time for employees or executives of Employer to the extent that executives or senior management employees of Employer generally
are eligible to participate in such programs. Employee shall be further entitled to an annual paid vacation of four (4) weeks and
other benefits in accordance with Employer's policies as from time to time established by the Company or the Employer's Board of
Directors (the "Board") for employees and/or senior executive officers and the following: (i) full medical, dental
and vision insurance plans for Employee and his immediate family; (ii) cell phone and other communication device acquisition and
operating expenses; (iii) Membership at the Foundation Room or an equivalent business club.

 

(i) It is understood
that payment of all the above benefits are contingent on the Company’s ability to afford such benefits. At such time as the
Company can afford such benefits, Employee will not be eligible for any retroactive compensation for benefits.

 

(d)Annual Performance
Bonus. Employer shall pay Employee an annual bonus, subject to meeting mutually agreed upon annual performance criteria
mutually established by Employer and Employee.

 

(e)Reimbursement
of Expenses. Subject to such rules and procedures which from time to time are reasonably specified by the Employer, Employer
shall reimburse Employee for reasonable and necessary business expenses incurred in the performance of Employee's duties under
this Agreement, including without limitation travel, entertainment, gifts and promotional expenses. In many cases the Employee’s
expenses will be charged directly to the Company’s corporate credit card.

 

(f)Severance
Compensation for Termination Without Cause. In the event that Employee's employment is terminated by Employer for any reason
(other than as a result of the termination of this Agreement pursuant to Sections 3.1 or 3.2) or terminated by Employee
as a result of a material breach of this Agreement by Employer (any of the foregoing, an "Involuntary Termination"),
Employee shall be entitled to continue to receive his Base Salary and all benefits, including but not limited to automobile and
Employee and family health insurance for the remainder of the Term of this Agreement as if the Agreement had not been terminated.
In addition, Employee shall receive from Employer, on the effective date of the Involuntary Termination, a lump sum amount equal
to two times the Employee's then current Base Salary. Further, all stock options that Employee would be eligible though the natural
term of this Agreement will immediately become fully vested. In the event Employee or his family is ineligible under the terms
of any insurance to continue to be covered, the Company shall provide Employee and Employee's family with substantially equivalent
coverage through other sources or will provide Employee with a lump sum payment equal to the agreed upon value of the continuation
of such insurance coverage to which Employee is entitled under this Section 1.3(d).

 

(h)Most Favored
Nations Benefits; Incentive Stock Option Plan.  Employee shall participate in all stock, option, and other executive pools
and programs offered to any other executive officers or employees of Employer or any of its divisions or subsidiaries.

 

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Section 2. Nondisclosure
and Noncompetition.

 

2.1Nondisclosure.
Employee recognizes the interests of Employer in maintaining the confidential nature of its proprietary and other business and
commercial information. In consideration thereof, Employee shall not (except as authorized in writing by Employer or in the ordinary
and normal course of performing his duties hereunder) during his employment hereunder and for a period ending one (1) year after
the date Employee's employment is terminated for any reason, directly or indirectly, publish, disclose or use, or authorize anyone
else to publish, disclose or use, any secret or confidential matter, or proprietary or other information not otherwise available
in the public domain and acquired by Employee during his employment hereunder or through representation on Employer's Board, relating
to any aspect of the operations, activities, or obligations of Employer, including, without limitation, any confidential material
or information relating to Employer's business, customers, suppliers, trade or industrial practices, trade secrets, technology,
know-how or intellectual property. All records, files, data, documents and the like relating to suppliers, customers, costs, prices,
systems, methods, personnel, equipment and other materials relating to Employer shall be and remain the sole property of Employer.
Upon termination of Employee's employment hereunder, Employee shall not remove from Employer's premises or retain any of the materials
described in this Section 2.1, except with the prior written consent of Employer and all such materials in Employee's possession
shall be delivered promptly to Employer. Employer hereby agrees and acknowledges that in event that Employee is terminated for
an Involuntary Termination then the provisions of this entire Section 2 shall immediately terminate in its entirety.

 

2.2Noncompetition.
Employee covenants and agrees that, except for activities which are expressly permitted by Section 1.2(b):

 

(a)So long
as he is employed by Employer, Employee shall not, without the prior written consent of Employer, directly or indirectly, as an
employee, employer, agent, principal, proprietor, partner, stockholder, consultant, director, or corporate officer, engage in any
business that is in competition with the business of Employer.

 

(b)If the
scope of any restrictions contained in subparagraph (a) is too broad to permit enforcement of such restrictions to their full extent,
then such restrictions shall be enforced to the maximum extent permitted by law, and Employee hereby consents and agrees that such
scope may be judicially modified accordingly in any proceeding brought to enforce such restrictions.

 

2.3Specific
Performance. Employee acknowledges and agrees that Employer's remedies at law for a breach or threatened breach of any
of the provisions of this Section 2 would be inadequate and, in recognition of this fact, Employee agrees that in the event
of such a breach or threatened breach, in addition to any remedies at law, Employer, without posting any bond, shall be entitled
to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction
or any other equitable remedy which may then be available.

 

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Section 3.
Termination.

 

3.1Death.
This Agreement shall terminate upon Employee's death. In the event of Employee's death while in the employ of Employer, Employer
shall pay to the such person or persons as the Employee may specifically designate (successively or contingently) by filing a written
beneficiary designation with Employer during Employee's lifetime ("Designated Beneficiaries") 100% of Employee's
Base Salary as in effect immediately prior to Employee's death, payable to Employee's Designated Beneficiaries at the beginning
of each month for a period of Twelve (12) months following Employee's death.

 

3.2Cause.
Employer shall have the right to terminate this Agreement and Employee's employment hereunder for cause upon written notice to
Employee. The term "cause" shall mean Employee must have (i) been willful, gross or persistent in Employee's inattention
to Employee's duties or Employee committed acts which constitute willful or gross misconduct and, after written notice of the same
has been given to Employee and he has been given an opportunity to cure the same within thirty (30) days after such notice; or
(ii) committed fraud against the Company. If Employee's employment is terminated for cause, as defined above and Employee does
not consent to such termination, such termination shall not be considered effective and Employee's rights under this Agreement
during the Term of Employment shall continue until the existence of such cause has been determined by an independent arbitrator
appointed by the American Arbitration Association and either party's rights to petition a court of law for a decision in the matter
have been exhausted. In connection with the appointment of an arbitrator, both parties agree to submit the question to final and
binding arbitration by an appointee of the American Arbitration Association and to cooperate with the arbitrator, with all costs
of arbitration paid by the Employer.

 

Section 4.
Indemnification of Employee. Employer shall defend and indemnify Employee at Employer's sole expense to the full extent
of Nevada law with respect to all claims, causes of action and adversarial proceedings of every nature to which Employee is or
may become subjected in his role as an Officer or Director of Employer and Employee shall have the right to select his own counsel.
Employer's indemnification duty shall survive the termination or expiration of this Agreement. In the event that Employer elects
to change coverage or carriers for its Directors and Officers insurance (“D & O Insurance”), Employer shall
notify Employee of such change and arrange to purchase, at a minimum, a five-year tail policy for such former insurance policy
at the sole expense of Employer and deliver evidence of such tail policy to Employee within five (5) days after termination of
Employer’s existing D & O Insurance. Section.

 

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 5. Miscellaneous.

 

5.1Amendment.
This Agreement may be amended only in writing executed by the parties hereto, which has been approved in advance by a majority
of the disinterested members of the Board.

 

5.2Expenses.
Employer shall pay or reimburse Employee for all costs and expenses, including court costs and reasonable attorney's fees, incurred
by Employee as a result of any claim, action or proceeding arising out of, or challenging the validity or enforceability of this
Agreement or any provision hereof.

 

5.3Mitigation.
In the event of a termination of Employee's employment for any reason, Employee shall not be required to seek other employment.
In addition, no amount payable under this Agreement shall be reduced by any compensation earned by Employee as a result of employment
by another employer after such termination of employment with Employer.

 

5.4Entire Agreement.
This Agreement and the other agreements expressly referred to herein set forth the entire understanding of the parties hereto regarding
the subject matter hereof and supersede all prior contracts, agreements, arrangements, communications, discussions, representations
and warranties, whether oral or written, between the parties regarding the subject matter hereof.

 

55Notices.
Any notice, request, consent and other communication required or permitted hereunder shall be in writing and shall be deemed to
have been duly given upon the earlier of receipt or five (5) days after being sent by registered or certified mail, return receipt
requested, postage prepaid, to the parties, and to the persons to whom copies shall be sent, at their respective addresses set
forth below.

 

	 	If to Employer:	The
Players Network
	 	 	1771 E. Flamingo, Suite 202A

Las Vegas, Nevada 89119

			Attention: Board of Directors
	 	 	 
	 	If
to Employee:	Mark Bradley Feldgreber
	 	 	5243
Sunny Beach Lane

	 	 	Las Vegas, Nevada 89118

  

Any party by written notice to the other
party given in accordance with this Section may change the address or the persons to whom notices or copies thereof shall be directed.

 

5.6Successors
. This Agreement shall bind and inure to the benefit of the successors, heirs and personal representatives of each of the
parties hereto.

 

5.7Governing
Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada. All
parties agree that venue for any and all claims arising from the Agreement shall be located in the state or federal courts located
in Clark County, Nevada.

 

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5.8Severability.
If any provision of this Agreement shall be adjudicated to be, in whole or in part, invalid, ineffective or unenforceable, the
remaining provisions of this Agreement shall not be affected thereby. The invalid, ineffective and unenforceable provision shall,
without further action by the parties, be automatically amended to effect so much of the original purpose and intent of the invalid,
ineffective or unenforceable provision; provided, however, that such amendment shall apply only with respect to the operation of
such provision in the particular jurisdiction with respect to which such adjudication is made.

 

5.9Waivers.
Any waiver by any party of any violation, breach, or default under any provision of this Agreement, by the other party shall not
be construed as, or constitute, a continuing waiver of such provisions, or waiver of any other violation, breach or default under
any other provision of this Agreement.

 

5.10Headings.
The headings in this Agreement are solely for convenience of reference and shall not be given any effect in the construction or
interpretation of this Agreement.

 

5.11Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, and all of which
together will constitute one and the same Agreement.

 

5.12Enforcement.
In the event that either party resorts to legal action to enforce the terms and provisions of this Agreement, the prevailing party
shall be entitled to recover from the nonprevailing party the costs of such action so incurred, including, without limitation,
reasonable attorneys' fees.

 

5.13Legal
Representation Employee acknowledges and agrees that he has read and understands the terms set forth in this Agreement
and has been given a reasonable opportunity to consult with an attorney prior to execution of this Agreement.

 

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

 

THE PLAYERS NETWORK, Inc.

 

	By	 	 	 
	 	Secretary: Board of Directors	 	Approved At Board Meeting
	 	 	 	Held on July 17, 2015

 

Accepted:

 

	By:	 	 	 
	 	Mark Bradley Feldgreber	 	Date
	 	 	 	 

 

 

    	8Exhibit 10.2

 

Termination of Employment Agreement

 

 

In consideration for the parties’
entry into that certain Employment Agreement between Players Network and Mark Bradley Feldgreber dated July 17, 2015, Players Network
and Mark Bradley Feldgreber hereby agree that, effective as of July 1, 2015, that certain Employment Agreement dated September
1, 2010 (the “2010 Agreement”), between Players Network and Mark Bradley Feldgreber is hereby terminated. Neither party
to the 2010 Agreement shall have any continuing obligations thereunder, except that any amounts due by Players Network to Mark
Bradley Feldgreber pursuant to the 2010 Agreement as of the date hereof shall continue to be due and owing by Players Network to
Mark Bradley Feldgreber.

 

 

 

	 	 	PLAYERS NETWORK
	 	 	 
	Dated: July 17, 2015	By:	 
	 	Name:	 
	 	Title: 	 
	 	 	 
	 	/s/ Mark Bradley Feldgreber
	Dated: July 17, 2015	Mark Bradley Feldgreber

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