Document:

Exhibit 10.2

ENSYNC INC.

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (“Agreement”)
is effective December 14, 2015, by and between Frederick Vaske (“you”) and ENSYNC, INC. (“ENSYNC” or the
“Company”).

 

RECITALS

 

ENSYNC is pleased to offer you the role of Vice
President Structured Finance. This letter agreement sets forth the terms of your employment.

 

		1.	Position.

 

(a)          You
will serve as the Company’s Vice President Structured Finance, dual reporting to the Company’s President and Chief
Executive Officer (“CEO”) and Chief Financial Officer. Your services shall be performed primarily in the San Francisco
Bay Area. You acknowledge and agree, however, that you may be required to travel in connection with the performance of your job
duties.

 

(b)          Nothing
in this Agreement will be construed as conferring upon you any right to remain employed by the Company or any of its subsidiaries
or affiliates, or affect the right of the Company or any of its affiliates to terminate your employment at any time, with or without
reason or Cause, subject to the obligations contained in this Agreement.

 

		2.	Salary.

 

(a)          You
will be entitled to an annual salary of $215,000, less standard payroll deductions and tax withholding, as described below, payable
in accordance with ENSYNC’s normal salaried payroll practices. The Company’s compensation committee will review, at
least annually, your overall compensation with a view to increasing it if, in the sole judgment of the compensation committee,
the performance of ENSYNC or your services merit such an increase.

 

(b)          ENSYNC
shall withhold from amounts to be paid to you hereunder any federal, state or local withholding or other taxes or charges which
it is required to withhold under applicable law.

 

3.            Indefinite
Term. Your employment shall continue until it is terminated by either party at-will, meaning at any time and with or without
reason or Cause, upon the provision of written notice to the other party, subject to the terms and conditions set forth in Section
8, below.

 

4.            Options.
Upon receipt of shareholder approval for any required increase in authorized shares under the Company’s
articles of incorporation and/or equity plans, you will be granted an option to purchase 360,000 shares with the exercise
price based on the closing share price on the day such required approval(s) are obtained. The option
will vest in three equal annual installments beginning on June 30, 2016 and have such other terms and conditions specified
in the form of Stock Option Agreement provided to you and included herein as Attachment A.

 

     

     

    

 

5.            Incentive
Compensation. You will be eligible to earn commissions based on Power Purchase Agreement Sales closed by you. The structure
for the earning and payment of commissions shall be set forth in a written Incentive Agreement that will be provided to you if
you accept this offer on or before your first day of employment. You may also be eligible to participate in various performance-based
stock option and cash bonus plans offered by the Company, the terms of conditions of which shall be solely determined by the Company
and approved by the Company’s compensation committee.

 

6.            Commuting
and Other Expenses. Expenses for Company travel will be reimbursed in accordance with ENSYNC’s Employee Travel and Expense
Policy.

 

		7.	Benefits.

 

(a)          During
the term of your employment by ENSYNC, ENSYNC will provide you with, and you will be eligible for, all benefits of employment generally
made available to the senior executives of ENSYNC (collectively, the “Benefit Plans”), subject to and on a basis consistent
with the terms, conditions and overall administration of such Benefit Plans. You will be considered for participation in Benefit
Plans which by the terms thereof are discretionary in nature (such as stock option plans) on the same basis as other executive
personnel of ENSYNC of similar rank. Notwithstanding the foregoing, you may elect either to participate in ENSYNC’s health
Benefit Plan or obtain other health insurance.

 

(b)          You
will accrue personal time off on an ongoing basis, beginning on your first day of employment, at the rate of four (4) weeks of
personal time off per calendar year.

 

		8.	Benefits Upon Termination.

 

(a)          You
will be entitled to a severance payment in an aggregate amount equal to three (3) months of your annual base salary as then
in effect, less required payroll deductions and withholding (“Severance Payments”) in the event (i) ENSYNC terminates
your employment for any reason other than “Cause” (ii) you terminate your employment with ENSYNC for “Good
Reason” or (iii) you die. You acknowledge and agree that unless you become entitled to the Severance Payments by reason
of your death (in which case, no general release of claims will be required), the payment of the Severance Payments is contingent
on you executing a general release of claims for the benefit of ENSYNC (in a form satisfactory to ENSYNC), which must be executed
by you (and any applicable revocation period must expire without being exercised by you) in accordance with the terms of the general
release of claims but in no event later than sixty (60) calendar days following the effective date of your termination. The
Severance Payments shall be payable in accordance with ENSYNC’s normal salaried payroll dates then in effect, and the first
payment (which shall include any accrued payments that would have otherwise been made beginning on the date of your termination
of employment) shall be made to you (or your estate) on the first normal payroll date that occurs at least five (5) business days
after the expiration of the applicable revocation period for the general release of claims; provided, however, if
the sixty (60) day period described above spans two different calendar years, then the first payment shall not be made until the
later of (A) the first normal payroll date that occurs at least five (5) business days after the expiration of the applicable
revocation period for the general release of claims or (B) the first normal payroll date occurring in the later calendar year
during such sixty (60) day period.

 

     

     

    

 

You will also be entitled to all accrued and
unpaid benefits under any Benefit Plans in which you participate through the date of termination.

 

(b)          If
you terminate your employment with ENSYNC for “Good Reason,” or if your employment is terminated by the Company for
any reason other than “Cause” or your death, and if you elect to continue your health insurance coverage under the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) following such termination, and you execute
the general release of claims described in Section 8(a) above and allow any applicable revocation period to expire without exercise,
then ENSYNC shall pay your monthly premium under COBRA until the earlier of: (i) the last day of the third (3rd)
month following such termination or (ii) the date on which you are offered or obtain health insurance coverage in connection
with new employment or self-employment.

 

(c)          If
you terminate your employment with ENSYNC other than for “Good Reason” or ENSYNC terminates your employment for “Cause,”
you will be entitled to the payment of any accrued but unpaid base salary through the date of termination, plus all accrued and
unpaid benefits under any Benefit Plans in which you participate through the date of termination. In either case, you will not
be entitled to any Severance Payments or payment of COBRA premiums. 

 

(d)          For
purposes of this Agreement, “Cause” shall mean, as determined by the Company, termination of your employment with ENSYNC
due to (i) any failure by you to substantially perform your duties with ENSYNC (other than by reason of illness) which occurs
after ENSYNC has delivered to you a demand for performance which identifies the manner in which ENSYNC believes you have failed
to perform your duties, and you fail to resume performance of your duties on a continuous basis to the satisfaction of ENSYNC,
as determined in good faith by the Company, within fourteen (14) days after receiving such demand; (ii) your commission of
a material violation of any law or regulation applicable to ENSYNC or any of its subsidiaries or your activities in respect of
ENSYNC or any of its subsidiaries; (iii) your commission of any material act of dishonesty or disloyalty involving ENSYNC
or any of its subsidiaries; (iv) any violation by you of a ENSYNC policy of material import; (v) any act by you of moral
turpitude which is likely to result in discredit to or loss of business, reputation or goodwill of ENSYNC; (vi) your chronic
absence from work other than by reason of a serious health condition or other reason protected under applicable law; (vii) your
commission of a crime which substantially relates to the circumstances of your position with ENSYNC or any of its subsidiaries
or which has material adverse effect on ENSYNC or any of its subsidiaries; or (viii) the willful engaging by you in conduct
which is demonstrably and materially injurious to ENSYNC or any of its subsidiaries.

 

     

     

    

 

(e)          For
purposes of this Agreement, “Good Reason” shall mean your termination of your employment with ENSYNC within thirty
(30) days after any of the following: (i) a change in your position with ENSYNC which materially reduces your level of responsibility
or a material reduction in your base salary (except to the extent the base salary of substantially all of the executive officers
of ENSYNC is reduced proportionately); (ii) a notification by ENSYNC to you that your principal place of employment will be
relocated to an office or location that is more than 50 miles from the office or location at which you were principally employed
as of the date of this Agreement and that is no closer to your principal residence; or (iii) a material breach by ENSYNC of
any term of this Agreement following written notice thereof and the failure of ENSYNC to cure such breach within ten (10)
days of such written notice. Notwithstanding the above to the contrary, Good Reason does not exist unless (A) you object to
any change, reduction, notification, or breach described above by written notice to ENSYNC within ten (10) business days after
such change, reduction, notification, or breach occurs and (B) ENSYNC fails to cure such change, reduction or breach within
ten (10) business days after such notice is given.

 

(f)          Any
Severance Payments payable to you under this Agreement are intended to be exempt from Section 409A of the Code under the separation
pay exemption pursuant to Treasury Regulation §1.409A-1(b)(9)(iii) and for such purpose, each Severance Payment to you under
this under this Agreement shall be considered a separate payment.

 

		9.	Your Obligations.

 

(a)          As
a condition of your employment, you will be required to execute the Confidentiality and Business Agreement which is attached to
this Agreement as Attachment C and incorporated herein. In addition, you will be required to abide by all Company policies,
rules and standards of conduct, including, but not limited to, those contained in ENSYNC’s employee handbook.

 

(b)          You
will be expected to devote all of your business time and attention to ENSYNC during your working hours. During the term of your
employment relationship with ENSYNC, you may not directly or indirectly engage or participate in any business that is competitive
in any manner with the business of the Company or any of its affiliates.

 

		10.	Timing; Miscellaneous Provisions.

 

(a)          This
Agreement and all your rights and obligations hereunder are personal to you and may not be transferred or assigned by you at any
time. ENSYNC can assign its rights under this Agreement to any entity that assumes ENSYNC’s obligations hereunder and this
Agreement shall be binding upon any successor (whether direct or indirect and whether by purchase, lease, merger, consolidation,
liquidation, or otherwise) to all or substantially all of ENSYNC’s business and/or assets. For all purposes of this Agreement,
the term “ENSYNC” shall include any successor to ENSYNC’s business and/or assets which becomes bound by this
Agreement.

 

(b)          This
Agreement and all of your rights hereunder shall inure to the benefit of, and be enforceable by, your personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees, and legatees.

 

(c)          Notices
and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when
personally delivered or when mailed by overnight courier or U.S. registered or certified mail, return receipt requested and postage
prepaid. In the case of notices to you, notices shall be addressed to you at the home address which you most recently communicated
to ENSYNC in writing. In the case of notices to ENSYNC, notices shall be addressed to its corporate headquarters, and all notices
shall be directed to the attention of its Secretary.

 

     

     

    

 

(d)          No
provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in
writing and signed by you and by an authorized officer of ENSYNC (other than you). No waiver by either party of any breach of,
or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other
condition or provision or of the same condition or provision at another time.

 

(e)          This
Agreement and the other agreements, representations and understandings expressly set forth or referenced herein contain the entire
understanding of the parties with respect to the subject matter hereof.

 

(f)          Any
termination of this Agreement shall not release either ENSYNC or you from our respective obligations to the date of termination
nor from the provisions of this Agreement which, by necessary or reasonable implication, are intended to apply after termination
of this Agreement.

 

(g)          The
validity, interpretation, construction, and performance of this Agreement shall be governed by the laws of the State of California
(other than provisions governing the choice of law).

 

(h)          The
invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability
of any other provision hereof, which shall remain in full force and effect.

 

(i)          You
acknowledge and agree that this Agreement is contingent upon your submission to and successful completion of a screening process
which will include a background check, drug testing, and employment eligibility verification. In the event that you do not successfully
complete the screening process to the Company’s satisfaction, you acknowledge and agree that this Agreement shall be null
and void, and that the Company shall have no further obligations under this Agreement.

 

IN WITNESS WHEREOF, the parties have caused
this Agreement to be duly executed, on one or more counterparts hereof, all of which counterparts shall be deemed as but one and
the same document, as of the date first written above.

 

	 	 	ENSYNC, INC.
	 	 	 	 
	/s/ Frederick Vaske	 	By:	/s/ Bradley Hansen
	Frederick Vaske	 	 	Bradley Hansen
	 	 	 	President & Chief Executive Officer

 

Attachments:

Attachment A: Stock Option Agreement.

Attachment B: Confidentiality and Business AgreementExhibit
10.14

 

NONSTATUTORY
STOCK OPTION AGREEMENT

 

CEMTREX
Inc.

 

Cemtrex
Inc.(the “Corporation”) and , Saagar Govil (the “Optionee”) an employee of the Corporation, in
consideration of the covenants and agreements herein contained and intending to be legally bound hereby, agree as follows:

 

SECTION
1: Grant

 

1.1
Grant of Option. Subject to the terms and conditions set forth in this Nonstatutory Stock Option Agreement (this “Agreement”)
the Corporation hereby grants to the Optionee a stock option (the “Option”) to purchase 200,000 (Two Hundred Thousand)
shares of the Corporation’s common stock, par value $.001, (the “Common Stock”) from the Corporation at a price
of $ 4.24 (Four Dollar and twenty four cents) per share (the “Option Price”), which is the Fair Market Value
of the shares of Common Stock covered by the Option On December 5, 2016 (the “Grant Date”).

 

1.2
Acceptance. The Optionee accepts the grant of the Option confirmed hereby, and agrees to be bound by the terms and provisions
of this Agreement, as the Agreement may be amended from time to time; provided, however, that no alteration, amendment,
revocation or termination of the Agreement shall, without the written consent of the Optionee, adversely affect the rights of
the Optionee with respect to the Option.

 

SECTION
2: Vesting, Exercise and Expiration

 

2.1
Vesting. Subject to Sections 3 and 4.8 of this Agreement, the Option will vest and become exercisable in annual installments
over a two-year vesting period according to the following vesting schedule:

 

1/2
of the Option will vest upon the1st, anniversary of the Grant Date;

 

And
balance 1/2 of the Option will vest upon the 2nd anniversary of the Grant Date;

 

Provided
that the Optionee is employed by the Corporation on such anniversary, with all fractional shares, if any, rounded up and vesting
as whole shares upon the earlier vesting date(s). “Corporation,” when used herein with reference to employment of
the Optionee, shall include any Affiliate or subsidiary of the Corporation. To the extent vested, the Option may be exercised
in whole or in part from the date of vesting through and including the Option Expiration Date, as defined in Section 2.3 hereof,
subject to any limits provided in Section 3.

 

2.2
Exercise. This Option shall be exercised by the Optionee by delivering to the Corporation’s office at 19 Engineers
Lane, Farmingdale, NY 11735, USA, Attention: Company Secretary (i) this Agreement signed by the Optionee, (ii) a written (including
electronic) notification specifying the number of shares which the Optionee then desires to purchase, (iii) a check payable to
the order of the Corporation, which may include cash forwarded through the broker or other agent-sponsored exercise or financing
program approved by the Corporation, equal in value to the aggregate Option Price of such shares. As soon as practicable after
each exercise of this Option and compliance by the Optionee with all applicable conditions, the Corporation will issue the number
of shares of Common Stock, which the Optionee is entitled to receive upon such exercise under the provisions of this Agreement.

 

2.3
Expiration. The Option shall expire and cease to be exercisable on the earlier of (a) either (i) the last trading day immediately
preceding the six year anniversary of the Grant Date or, if earlier, (ii) the date of cancellation provided for in Section 4.6
(the earlier of (i) and (ii) referred to as the “Option Expiration Date”) or

(b)
the expiration date provided for in Section 3.

 

    	 

     

     

SECTION
3: Termination of Employment and Disability

 

3.1
Termination of Employment.

 

(a)
General. If the Optionee’s employment with the Corporation is terminated for whatever reasons then the vested portion
of the Option will not be impacted by such event and shall remain valid until the term outlined in section 2.3. In the event the
Optionee is disabled or dies then his authorized representative or rightful successor shall have full right over the vested portion
of the option until the term outlined in section 2.3

 

3.2
Specified Terminations of Employment.

 

(a)
If the Optionee’s employment is terminated by the Corporation or if the Optionee terminates his employment with the Corporation,
the unvested portion of the Option will expire on the Termination Date.

 

SECTION
4: Miscellaneous

 

4.1
No Right to Employment. Neither the grant of the Option nor anything else contained in this Agreement shall be deemed to
limit or restrict the right of the Corporation to terminate the Optionee’s employment at any time, for any reason, with
or without cause.

 

4.2
Nontransferable. This Option may not be transferred except by the Optionee upon his or her death or liability. No other
assignment or transfer of this Option, or of the rights represented thereby, whether voluntary or involuntary, by operation of
law or otherwise shall be permitted, but immediately upon any such assignment or transfer this Option shall terminate and become
of no further effect. During the Optionee’s life this Option shall be exercisable only by the Optionee, and after the Optionee’s
death the Option shall remain subject to any restrictions on exercise and otherwise as if held by the Optionee. Whenever the word
“Optionee” is used in any provision of this Option under circumstances where the provision should logically be construed
to apply to the executors, the administrators or other persons to whom this Option may be transferred, the word “Optionee”
shall be deemed to include such person or persons.

 

4.3
Compliance with Laws. Notwithstanding any other provision hereof, the Optionee hereby agrees that he or she will not exercise
the Option, and that the Corporation will not be obligated to issue any shares to the Optionee hereunder, if the exercise thereof
or the issuance of such shares shall constitute a violation by the Optionee or the Corporation of any provision of law or regulation
of any governmental authority. Any determination in this connection by the Corporation shall be final, binding and conclusive.
The Corporation shall in no event be obliged to register any securities pursuant to the Securities Act of 1933 (as the same shall
be in effect from time to time) or to take any other affirmative action in order to cause the exercise of the Option or the issuance
of shares pursuant thereto to comply with any law or regulation of any governmental authority.

 

4.4
Nonstatutory Stock Option. The parties hereto agree that the Option granted hereby is not, and should not be construed
to be, an incentive stock option under Section 422 of the Code.

 

4.5
Tax Consequences. In each case where the Optionee exercises this Option in whole or in part, the Optionee shall be responsible
for the amount of income tax, if any, required under federal and, where applicable, state and local law and the Optionee shall,
pay such taxes and shall provide a copy of such remittance to the Corporation. The Corporation shall have no liability whatsoever
for the Optionee’s tax obligations.

 

4.6
Forfeiture and Repayment. If:

 

(a)
during the course of the Optionee’s employment with the Corporation or, if longer, the period during which this Option is
outstanding, the Optionee engages in conduct or it is discovered that the Optionee engaged in conduct that is materially adverse
to the interests of the Corporation, including failures to comply with the Corporation’s rules or regulations, fraud, or
conduct contributing to any financial restatements or irregularities;

 

[(c)/(d)]
following termination of the Optionee’s employment with the Corporation for any reason, with or without cause, the Optionee
violates any post-termination obligations or duties owed to the Corporation or its Affiliates or any agreement with the Corporation
or its Affiliates, including without limitation, any employment agreement, confidentiality agreement or other agreement restricting
post-employment conduct; the Corporation may cancel all or any portion of this Option with respect to the shares not yet exercised
and/or require repayment of any shares (or the value thereof) or amounts which were acquired from exercise of the Option. The
Corporation shall have sole discretion to determine what constitutes such conduct.

 

    	 

     

    

 

4.7
Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, in
USA other than any choice of law rules calling for the application of laws of another jurisdiction.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Grant Date.

 

	 	CEMTREX
    Inc.
	 	 	 
	 	By:	Name
    and Title
	 	 	 
	 	 	Renato
    Dela Rama – VP of Finance
	 	 	 
	 	 	/s/
    Renato Dela Rama
	 	 	Signature
	 	 	 
	 	 	OPTIONEE:
	 	 	 
	 	Name:	Saagar
    Govil
	 	 	 
	 	 	/s/Saagar
    Govil
	 	 	Signature

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