Document:

Exhibit 10.25

 

EMPLOYMENT AGREEMENT

 

 

This Employment Agreement (“Agreement”)
is made and entered into this as of this 15th day of December 2012 (the “Effective Date”), by and between Monster Offers,
a Nevada corporation, with a principal place of business located at 27665 Forbes Rd #101, Laguna Niguel, CA 92677, facsimile number:
(949) 266-5597, email address: wayne.irving@monsteroffers.com (“Employer") and Thomas Mead, an individual residing
at 248 West Avenida Palizada #9, San Clemente, CA, ("Employee").

 

Employer hereby employs Employee, and Employee
agrees to work for Employer, under the following terms and conditions:

 

 

1. AGREEMENT TO EMPLOY AND BE EMPLOYED

 

Employer hereby employs Employee in the position
of Director of Technology, and Employee hereby accepts and agrees to such employment.

 

 

2. EMPLOYEE WARRANTIES

 

Employee warrants and represents that Employee
has the ability to enter into this Agreement and the legal right to work in the United States; that Employee’s entering into
and performance under this Agreement will not violate Employee’s agreement with any third party; and that there are no restrictions
or obligations to any third party which may restrict Employee’s performance of duties under this Agreement. Employee has
not provided, or promised to provide, Employer with any confidential information, trade secrets, or property of any former or current
employer of Employee.

 

 

3. DESCRIPTION OF EMPLOYEE'S DUTIES

 

Subject to the supervision and pursuant to the
orders, advice, and direction of Employer, Employee shall perform such duties as are customarily performed by one holding such
position in other businesses or enterprises of the same or similar nature as that engaged in by Employer.

 

Employee shall report to Wayne Irving, II, Chief
Executive Officer (“CEO”) and Chairman of the Board of Directors of the Employer in connection with his employment
hereunder.

 

Employee will generally report to and work at
the following location: 27665 Forbes Rd #101, Laguna Niguel, CA 92677

 

 

4. MANNER OF PERFORMANCE OF EMPLOYEE'S DUTIES

 

Employee shall at all times faithfully, industriously,
and to the best of Employee’s ability, experience, and talent, perform all duties that may be required of and from Employee
pursuant to the express and implicit terms hereof, to the reasonable satisfaction of Employer. Such duties shall be rendered at
the above mentioned premises and at such other place or places as Employer shall in good faith require or as the interests, needs,
business, and opportunities of Employer shall require or make advisable, which may include domestic and international travel. Employee
shall comply with all stated standards of performance, policies, rules, and regulations of Employer. Employee shall also comply
with such future Employer policies, rules, regulations, performance standards, and manuals as may be published or amended by Employer
from time to time, including without limitation, any employee handbook or similar materials that have been provided to Employee.

 

 

5. DURATION OF EMPLOYMENT

 

The term (“Term”) of employment
shall be three (3) years, commencing on the Effective Date and terminating December 14, 2015, subject, however, to prior termination
as provided in Sections 9, 10, and 11 of this Agreement or a written, mutually agreeable extension of the term of employment.

 

 

6. SALARY AND BENEFITS; REIMBURSEMENT; ANNUAL
BONUS; KEY MAN INSURANCE; DRESS REQUIREMENTS.

 

(a) Employer shall pay Employee, and Employee
agrees to accept from Employer, as payment for Employee's services rendered hereunder, salary compensation paid at the following
rate over the course of the Term of employment: $47,000.00 annually, payable on a calendar monthly basis for each prior calendar
monthly period in which applicable services have been rendered. Unless otherwise agreed to by Employer in writing or as stated
herein, Employee will receive no cash or non-cash employee benefits in connection with the employment and pursuant to this Agreement.
Employee’s salary compensation paid pursuant to this Section 6(a) shall be subject to an increase of 4.5% upon commencement
of each of the one-year and two-year anniversaries of this Agreement.

 

(b) In addition to the foregoing, Employer will
reimburse Employee for any and all necessary, customary, and usual expenses incurred by Employee on behalf of Employer pursuant
to Employer's policies, including without limitation, Employee’s providing Employer with necessary documentation evidencing
expenditures and obtaining required prior approvals for expense incurrence.

 

(c) During the employment Term, Employee will
be eligible to receive bonus payments and as reasonably approved by Employer’s Board of Directors (the “Board”).

 

(d) Employer shall make available to Employee
the same insurance and other employee benefits made available by the Employer to other similarly situated employees (e.g. other
executives or management), if any (e.g., medical, dental, vision, life, accidental death and dismemberment, short-term disability
and long-term disability plans).

 

(e) As a material condition of his employment
hereunder, Employee agrees to reasonably cooperate with Employer’s efforts to obtain key-man life insurance insuring the
life of Employee for the benefit of Employer.

 

(f) As a material condition of, and in connection
with, his employment hereunder, Employee agrees to comply with Employer’s rules and policies relating to dress code, and
otherwise agrees to maintain a professional appearance while working at Employer’s offices or otherwise working on official
Employer business activities.

 

(g) In connection with Employee’s employment
hereunder, Employer agrees to pay Employee the following monthly car allowance (pro-rated for partial calendar month periods during
the Term) (“Car Allowance”): (i) during the first year of the Term, $150.00 per month; (ii) during the second year
of the Term, $200.00 per month; and (iii) during the third year of the Term, $250.00 per month. The Car Allowance payments will
be used by Employee to subsidize Employee’s transportation costs in connection with said employment hereunder, and unless
otherwise authorized by Employer in accordance with Employer’s reimbursement policies, no additional reimbursements or benefit
payments relating to Employee’s transportation expenses will be paid pursuant to this Agreement. Each monthly Car Allowance
payment will be made to Employee on or about the fifth day of each calendar month in connection with Employee’s rendering
of services hereunder during the immediately preceding partial or full calendar month period during the Term.

 

(h) In connection with Employee's employment
hereunder, Employee shall also receive pursuant to the terms of the Agreement a flat fee payment of
fifty thousand (50,000) restricted shares of common stock of the Company (such shares, the “Payment Shares”); a stock
certificate representing said Payment Shares shall be delivered by the Company to Employee promptly upon the parties’ execution
and delivery of this Agreement, and in any event no later than thirty (30) days subsequent to the Effective Date. The parties hereto
understand and agree that said Payment Shares shall constitute payment in full and the sole and exclusive compensation to be paid
by the Company to Employee in exchange for Employee’s rendering of the Services.

 

 

7. CONFIDENTIALITY

 

The parties hereto understand and agree that
the terms and provisions of that certain Confidentiality Agreement dated as of even date herewith and attached hereto as Exhibit
1 (the “Confidentiality Agreement”) are hereby incorporated herein by reference. The parties also understand and
agree that: (i) the terms and provisions of this Agreement and any attachments to this Agreement, but not the existence of this
Agreement, shall be deemed “Confidential Information” for purposes of, and as defined under, the Confidentiality Agreement,
and (ii) this Agreement constitutes a “Employment Agreement” for purposes of, and as contemplated by, the Confidentiality
Agreement.

 

8. NON-SOLICITATION

 

As a material inducement for the Employer to
enter into this Agreement, Employee agrees that during the term of this Agreement, and for a period of two (2) years thereafter,
Employee will not directly or indirectly, individually, in partnership or in conjunction with any person, association or company,
in any capacity whatsoever: (a) solicit, induce, or attempt to influence, directly or indirectly, any supplier, customer, or prospective
supplier or customer (including, without limitation, those Employer clients/customers sold or serviced by you during the term of
this Agreement) of Employer to reduce, curtail or discontinue business with the Employer, (b) employ or retain or attempt to employ
or retain, directly or indirectly, any person who at that time is, or within twelve (12) months prior thereto had been, employed
or retained by Employer, or (c) solicit, induce or attempt to influence, directly or indirectly, any employee or independent contractor
of the Employer to reduce, curtail or terminate his, her or its employment or independent contractor relationship with the Employer.
In addition, as a material inducement for the Employer to enter into this Agreement, Employee agrees that during the Term, Employee
shall not engage in any business activities that directly compete with the business of the Employer.

 

9. OPTION TO TERMINATE ON PERMANENT DISABILITY
OF EMPLOYEE

 

Notwithstanding anything in this Agreement to
the contrary, and subject to any limitations imposed by applicable state or federal law, the parties each have the option to terminate
this Agreement in the event that during the Term Employee shall become permanently disabled to the extent Employee is unable to
perform the essential functions of Employee’s duties even with reasonable accommodation. Upon such notice pursuant to this
Section 9, this Agreement shall be terminated, effective on the last day of the month in which the notice is mailed to the other
party, with the same force and effect as if such last day of the month were the date originally set forth as the termination date
set forth in Section 5.

 

 

10. DISCONTINUANCE OF BUSINESS AS TERMINATION
OF EMPLOYMENT

 

In the event that Employer shall discontinue
business operations, then this Agreement shall terminate as of the last day of the month in which such business operations cease
with the same force and effect as if such last day of the month were originally set forth as the termination date hereof, except
that Employer shall pay all accrued and unpaid salary payments described in Section 6, above. Business operations shall be deemed
to mean regular business operations, excluding the wind-up, sale, or transfer of business operations, or the preparation for the
same.

 

11. TERMINATION

 

(a) Employer may terminate this Agreement by
giving five (5) days’ written notice to Employee upon the occurrence of any the following events (a “Termination For
Cause”): for just cause based upon material nonperformance of duties, gross negligence, gross insubordination or fraud by
Employee, material breach by Employee of the terms and conditions of this Agreement, Employee’s failure to pass a routine
background check in connection with the commencement of employment hereunder, and/or Employee’s conviction of a felony or
crime involving moral turpitude.

 

(b) This Agreement shall also terminate immediately
upon the death of Employee.

 

(c) In addition, this Agreement may be terminated
by either party for any reason or for no reason through transmittal of thirty (30) days’ prior written notice of termination
to the other party (such termination, a “Termination For Convenience”).

 

(d) The parties understand and agree that in
connection with any termination of this Agreement, in the event of a Termination For Cause by Employer pursuant to Section 11(a),
Employer shall have no obligation whatsoever to pay Employee any salary payments or reimbursements or Car Allowance payments pursuant
to Section 6, whether earned, accrued or unearned.

 

(e) Except as set forth above in Section 11(d),
in the event of any termination of this Agreement, including without limitation in the event of a Termination For Convenience by
Employer, within thirty (30) days of any termination of this Agreement, Employee shall be paid any compensation earned prior to
termination pursuant to Section 6(a) and shall be paid any expense reimbursements or Car Allowance payments pursuant to Section
6(b).

 

(e) Subject to the above
provisions of Section 11, termination of this Agreement shall not affect any of the rights or obligations of either party which
exist as of the date of termination or expiration, and which rights and obligations shall, by their nature, survive such termination
or expiration.

 

 

12. LITIGATION ASSISTANCE

 

Employee shall, upon reasonable notice, furnish
such information and proper assistance to Employer as it may reasonably require in connection with any litigation, arbitration,
mediation, or investigation in which it is, or may become, a party, either during or after Employee’s employment with Employer.
Employer shall prepay or timely reimburse Employee’s reasonable expenses required or incurred in providing such assistance.

 

 

13. [INTENTIONALLY BLANK]

 

14. ENTIRE AGREEMENT

 

This Agreement, together with any documents
or agreements referred to herein and any exhibits or other attachments hereto, contains the sole and entire agreement between the
Parties with regard to Employee’s employment, and supersedes any and all other agreements between them relating to the same
subject matter. The parties acknowledge and agree that neither of them has made any representation with respect to the subject
matter of this Agreement or any representations inducing the execution and delivery hereof except such representations as are specifically
set forth herein, and each party acknowledges that he or it has relied on his or its own judgment in entering into the Agreement,
and has been afforded the opportunity to consult with counsel of his or its choosing. The parties further acknowledge that any
statements or representations that may have previously been made by either of them to the other are void and of no effect and that
neither of them has relied thereon in connection with his or its dealings with the other.

 

15. WAIVER OR MODIFICATION INEFFECTIVE UNLESS
IN WRITING; CONSTRUCTION

 

No waiver or modification of this Agreement
or of any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by the party to
be charged therewith. Furthermore, no evidence of any waiver or modification shall be offered or received in evidence in any proceeding,
arbitration, or litigation between the parties arising out of or affecting this Agreement, or the rights or obligations of any
party hereunder, unless such waiver or modification is in writing and duly executed. The provisions of this paragraph may not be
waived except as set forth herein. The language used in this Agreement will be deemed to be the language chosen by parties to express
their mutual intent, and no rule of strict construction will be applied against either party. As context may require, the singular
shall mean and include the plural and vice versa, and the masculine shall include the feminine and vice versa.

 

 

16. SEVERABILITY

 

If, for any reason, any provision of this Agreement
is held invalid, it is the intent of the Parties that all other provisions of this Agreement shall remain in full force and effect.

 

 

17. ASSIGNMENT

 

This Agreement may be assigned by Employer to
another employer in conjunction with the sale, merger, reorganization, bankruptcy, or dissolution of Employer upon written notice
to Employee and provided that all other provisions and terms of this Agreement are honored by the assignee. This Agreement may
not be assigned or subcontracted by Employee under any circumstances.

 

 

18. BINDING EFFECT OF AGREEMENT

 

This Agreement and all of Employer’s rights
hereunder shall be binding on, inure to the benefit of, and be enforceable by Employer and its legal representatives, successors,
and assigns. This Agreement and all of Employee’s rights hereunder shall be binding on, inure to the benefit of, and be enforceable
by Employee and his legal representatives.

 

19. ADDITIONAL MISCELLANEOUS

 

(a) Notices given under
this Agreement must be in writing and sent via email, facsimile, overnight courier, hand delivered, or mailed by certified or registered
mail, to the party at its address set forth at the beginning of this Agreement, or to the e-mail address or facsimile number provided
to the other party in writing from time to time. Either party may change its address by giving notice of such change to the other
party. If notice is made by personal delivery, courier or mail, notice will be deemed made upon delivery. If notice is made by
e-mail or facsimile, notice will be deemed made upon transmission of the e-mail or facsimile.

 

(b) This Agreement will
be governed by and construed in accordance with the laws of the State of California, without giving effect to any choice or conflict
of law provision or rule. Any disputes under this Agreement shall be brought in the state courts and the Federal courts located
in Orange County, California, and the parties hereby consent to the personal jurisdiction and venue of these courts. Process
in any action or proceeding referred to in the preceding sentence may be served on any party anywhere in the world. If
any party initiates legal action to enforce its rights under this Agreement, the prevailing party shall be entitled to recover
against the non-prevailing party such attorneys' fees as may be awarded by a court of competent jurisdiction, together with its
costs of suit incurred therein. Employee also acknowledges that the restrictions and covenants set forth in Sections 7 and
8 above, and as set forth in the Confidentiality Agreement are, in view of the nature of the business of the Employer, reasonable
and necessary to protect the legitimate interests of the Employer, that the Employer would not have entered into this Agreement
in the absence of such restrictions, and that any violation by Employee of any provisions of Sections 7 or 8 above, or of the Confidentiality
Agreement, will result in irreparable injury to the Employer. The parties also acknowledge that the remedy at law for any violation
of these restrictions and/or covenants will be inadequate, that with respect to each and every violation or threatened violation
of Sections 7 or 8 above, or of the Confidentiality Agreement, the Employer shall be entitled to seek temporary and permanent injunctive
relief, without the necessity of proving actual damages, that the Employer shall be entitled to seek an equitable accounting of
all earnings, profits, and other benefits arising from any such violation, which rights shall be cumulative of and in addition
to any other rights or remedies to which the Employer may be entitled, and that in the event of any such violation or threatened
violation the Employer shall be entitled to commence an action for temporary and permanent injunctive relief and other equitable
relief in any court of competent jurisdiction. Each and all of the several rights and remedies provided for in this Agreement shall
be construed as being cumulative, no one of them shall be deemed to be exclusive of the others or of any right or remedy allowed
by law or equity, and pursuit of any one remedy shall not be deemed to be an election of such remedy, or a waiver of any other
remedy. Each party represents and warrants that he or it has the right to enter into and deliver this Agreement and to grant the
rights and undertake the duties provided for in this Agreement. This Agreement and the respective rights and obligations of the
parties hereunder shall be binding upon and inure to the benefit of the parties only after the Agreement has been fully executed
and delivered by an authorized representative of the respective parties.

 

(c) Each of the parties
acknowledges having fully read and understand this Agreement, and each has been encouraged to have legal counsel advise them in
connection with the execution of this Agreement. Each of the parties understands and agrees that it/he either has had its/his legal
counsel review this Agreement or expressly and knowingly waives its/his right to have such legal counsel review this Agreement.
The subject headings of the sections or paragraphs of this Agreement are included for purposes of convenience and reference only
and shall not be deemed to explain, modify, limit, amplify or aid in the meaning, construction or interpretation of any of the
provisions of this Agreement.

 

(d) This Agreement may
be executed in a number of counterparts, and all executed counterparts together will constitute one and the same agreement. Any
such execution may be of a facsimile copy hereof, and any signature transmitted to another party by facsimile will be valid and
binding.

 

 

[signature
page to follow]

 

 

 

 

 

In
Witness Whereof, the parties hereto have caused this Agreement to be duly executed and delivered as of the Effective
Date.

MONSTER OFFERS (“EMPLOYER”)

 

 

/s/ Wayne Irving

 

By: WAYNE IRVING

Title: CEO and Chairman of the Board

 

 

EMPLOYEE

 

 

/s/ Thomas Mead

 

Print Name: THOMAS MEADclth_ex1031.htm

Exhibit 10.31

 

 

AMENDMENT No. 8 TO PROMISSORY NOTE

 

This Amendment No. 8 to the Promissory Note, originally dated September 1, 2010 (the “Note”), previously amended February 11, 2011, May 31, 2011, July 29, 2011, November 7, 2011, March 27, 2012, July 31, 2012 and November 1, 2012 (the “Amendments”), is entered into as of the 9th day of January, 2013, by and between CMS Acquisition, LLC (“CMS”) and CleanTech Biofuels, Inc. (“CTB”).

 

WHEREAS, the Note is secured by the CTB owned U.S. Patent No. 6,306,248 pursuant to a Security Agreement dated as of September 1, 2010, between CMS and CTB (the “Security Agreement”);

 

WHEREAS, a payment of $25,000 was made on February 11, 2011 for interest to date and principal, by CTB on the Note;

 

WHEREAS, as of May 16, 2011, the rate to accrue interest increased to 10.0% per annum (from 9.0% per annum);

 

 WHEREAS, as of November 7, 2011, Warrant A1 issued with the original Note on September 1, 2010 was re-dated to November 7, 2011; and

 

WHEREAS, the parties wish to amend the terms of the Note as set forth below.

 

NOW THEREFORE, the parties hereto agree as follows:

 

	
1.  

	
The Maturity Date, as defined in the Amendments, shall be changed to April 30, 2013 from December 22, 2012.

 

	
2.  

	
All remaining terms and conditions of the Note, Security Agreement and Warrant shall continue in full force and effect.

 

IN WITNESS WHEREOF, CTB and CMS have caused this Amendment No. 8 to the Note to be executed and delivered by their duly authorized officers as of the day and year set forth above.

 

 

	 	

CLEANTECH BIOFUELS, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Edward P. Hennessey	 
	 	 	Name; Edward P. Hennessey	 
	 	 	Title: Chief Executive Officer	 
	 	 	 	 

	 	

CMS Acquisition, LLC

	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	Title

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