Document:

DOYEN
ELEMENTS SECURED ACQUISITION PROMISSORY NOTE SHANE DAVIS

 

 

EXHIBIT
B

 

SECURED
ACQUISITION PROMISSORY NOTE

 

Executed
as of December 13, 2017

 

Zero
Percent (0%) Promissory Note Due May 21, 2019

 

Maturity
Date: May 21, 2019

 

PRINCIPAL
AMOUNT: $4,200,000

 

FOR
VALUE RECEIVED, DOYEN ELEMENTS, INC., a Nevada corporation (the “Company”), with its principal address at 1880
Office Club Pt. STE 1240 Colorado Springs, CO 80920 promise to pay to the order of Shane P. Davis, sole member of 7 GENx LLC,
(the “Holder”), at the main office of Holder, the principal sum of FOUR MILLION TWO HUNDRED THOUSAND AND 00/100 US
DOLLARS ($4,200,000.00) on or before the Maturity Date as defined above, with accrued interest at the rate of ZERO PERCENT (0%)
per annum until the Maturity Date, and at the default rate of Twelve PERCENT (12%) per annum after the Maturity Date.

 

This
Acquisition Promissory Note (this “Note”) is delivered in connection with the Equity Purchase Agreement and evidences
all Acquisition Advances made under the Acquisition Loan. All terms which are capitalized and used herein (which are not otherwise
defined herein) shall have the respective meanings ascribed to such terms in the Loan Agreement.

 

THE
OUTSTANDING PRINCIPAL BALANCE OF THE UNDERSIGNED’S LIABILITIES TO HOLDER UNDER THIS NOTE SHALL BE PAYABLE PURSUANT TO THE
TERMS OF THE LOAN AGREEMENT.

 

The
Undersigned hereby authorizes the Holder to charge any account of the Undersigned for all sums due hereunder. If payment hereunder
becomes due and payable on a Saturday, Sunday or legal holiday under the laws of the United States or the States of Nevada or
Colorado, the due date thereof shall be extended to the next succeeding business day, and interest shall be payable thereon at
the rate specified during such extension. Credit shall be given for payments made in the manner and at the times provided in the
Loan Agreement. It is the intent of the parties that the rate of interest and other charges to the Undersigned under this Note,
the Loan Agreement and the other Documents shall be lawful; therefore, if for any reason the interest or other charges payable
hereunder and thereunder are found by a court of competent jurisdiction, in a final determination, to exceed the limit which Holder
may lawfully charge the Undersigned, then the obligation to pay interest or other charges shall automatically be reduced to such
limit and, if any amount in excess of such limit shall have been paid, then such amount shall be refunded by Holder to the Undersigned.

 

	1.	PREPAYMENT:
    The Company may, at its option, prepay all or any part of the principal of this Note, without payment of any premium or penalty.
    All payments on this Note shall be applied first to accrued interest hereon and the balance to the payment of principal hereof.
    In all events the Company must give thirty (30) days prior written notice of its intention so to repay this Note.
	 	 
	2.	PAYMENT
    TERMS: Payments of principal of, and interest on, this Note shall be made by wire transfer to an account designated by Holder
    in writing, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the
    payment of public and private debts.

 

    	Page 1 of 5

     

    

 

DOYEN
ELEMENTS SECURED ACQUISITION PROMISSORY NOTE SHANE DAVIS

 

Payment
shall be made on the following dates:

 

	 	a)	The
    funds, i.e. Four Million Two Hundred Thousand dollars ($ 4,200,000) to be paid at the earlier of:
	 	 	 	 
	 	 	i.	14
    days following receipt by the Company of proceeds of sale of inventory, said payment to be limited to 50% of said amounts
    received, from time to time, or
	 	 	 	 
	 	 	ii.	The
    balance of any unpaid amounts due per above, by a date 18 months from the execution of this contract, i.e. May 21, 2019

 

	3.	OBLIGATION:
    The obligation to make the payments provided for in this Note are absolute and unconditional and not subject to any defense,
    set-off, counterclaim, rescission, recoupment, or adjustment whatsoever. The Company hereby expressly waives demand and presentment
    for payment, notice of non-payment, notice of dishonor, protest, notice of protest, bringing of suit, and diligence in taking
    any action to collect any amount called for hereunder, and shall be directly and primarily liable for the payment of all sums
    owing and to be owing hereon, regardless of, and without any notice, diligence, act, or omission with respect to, the collection
    of any amount called for hereunder.
	 	 
	3.	Events
    of Default.

 

The
occurrence of any of the following events shall constitute an event of default (an “Event of Default”):

 

a)
A default in the payment of the principal amount of the Notes, when and as the same shall become due and payable.

 

b)
A default in the payment of any interest on the Notes, when and as the same shall become due and payable.

 

c)
A default in the performance, or a breach, of any of the covenants of the Company contained in the Note or that certain Equity
Purchase Agreement dated of even date herewith by and among the Company, Holder, and 7GENx LLC or that certain Employment Agreement
dated of even date herewith by and between the Company and Holder (the “Employment Agreement”) or that certain Security
and Pledge Agreement dated of even date herewith by and between the Company and Holder (the “Security Agreement” and,
together with the EPA and the Employment Agreement, the “Related Agreements”)

 

d)
Any representation, warranty, or certification made by the Company pursuant to the Notes or in any Related Agreement shall prove
to have been false or misleading as of the date made in any material respect.

 

e)
A final judgment or judgments for the payment of money in excess of $250,000 in the aggregate shall be rendered by one or more
courts, administrative or arbitral tribunals, or other bodies having jurisdiction over the Company and the same shall not be discharged
(or provision shall not be made for such discharge), or a stay of execution thereof shall not be procured, within 60 days from
the date of entry thereof and the Company shall not, within such 60-day period, or such longer period during which execution of
the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal.

 

f)
The entry of a decree or order by a court having jurisdiction adjudging the Company bankrupt
or insolvent, or approving a petition seeking reorganization, arrangement, adjustment, or composition of, or in respect of, the
Company, under federal bankruptcy law, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency,
or other similar law, and the continuance of any such decree or order unstayed and in effect for a period of 60 days; or the commencement
by the Company of a voluntary case under federal bankruptcy law, as now or hereafter constituted, or any other applicable federal
or state bankruptcy, insolvency, or other similar law, or the consent by it to the institution of bankruptcy or insolvency
proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under federal
bankruptcy law or any other applicable federal or state law, or the consent by it to the filing of such petition or to the appointment
of a receiver, liquidator, assignee, trustee, sequestrator, or similar official as to the Company or of any substantial part of
its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability
to pay its debts generally as they become due, or the taking of action by the Company in furtherance of any such action.

 

    	Page 2 of 5

     

    

 

DOYEN
ELEMENTS SECURED ACQUISITION PROMISSORY NOTE SHANE DAVIS

 

	5.	Remedies
    Upon Default.

 

Upon
the occurrence of an Event of Default referred to in Section 4:

 

(a)
the principal amount then outstanding will bear interest at the rate of Twelve Percent (12%) per annum from the date of the Event
of Default

 

(b)
the Holder, by notice in writing given to the Company, may declare the entire principal amount then outstanding of, and the accrued
and unpaid interest on, the Notes to be due and payable immediately, and upon any such declaration the same shall become and be
due and payable immediately, without presentation, demand, protest, or other formalities of any kind, all of which are expressly
waived by the Company; provided, however, that in the occurrence of an Event of Default under Sections 4(a),(b), or (f), the principal
amount then outstanding of, and the accrued and unpaid interest on, this Note shall automatically become immediately due and payable
without presentment, demand, protest, or other formalities of any kind, all of which are hereby expressly waived by the Company;
and

 

(c)
Holder may institute such actions or proceedings in law or equity as he shall deem expedient
for the protection of his rights and may prosecute and enforce his claims against all assets of the Company in accordance with
the terms of the Security Agreement entered into between the Parties simultaneously herewith, and, in connection with any such
action or proceeding, the holders of the Notes shall be entitled to receive in the aggregate from the Company payment of the outstanding
principal amount of the Notes plus accrued and unpaid interest to the date of payment plus reasonable expenses of collection,
including, without limitation, attorneys’ fees and expenses.

 

	6.	Transfer.

 

This
Note may not be transferred by the Company without the prior written consent of Holder. Holder may transfer this Note without
consent of the Company.

 

	7.	Miscellaneous.

 

a)
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified
mail, return receipt requested, or by Federal Express, Express Mail or similar overnight delivery or courier service (in each
case, postage prepaid) or delivered (in person or by telecopy, telex, or similar telecommunications equipment) against receipt
to the party to whom it is to be given,

 

(i)
if to the Company, at its address at 1880 Office Club Pt. STE 1240 Colorado Springs, CO 80920,

 

(ii)
if to the Holder, at its address set forth on the first page hereof,

 

(iii)
in either case, to such other address as the party shall have furnished in writing in accordance
with the provisions of this Section 7(a). Notice to the estate of any party shall be sufficient if addressed to the party as provided
in this Section 7(a). Any notice or other communication given by certified mail shall be deemed given at the time of certification
thereof, except for a notice changing a party’s address which shall be deemed given at the time of receipt thereof.
Any notice given by other means permitted by this Section 7(a) shall be deemed given at the time of receipt thereof.

 

    	Page 3 of 5

     

    

 

DOYEN
ELEMENTS SECURED ACQUISITION PROMISSORY NOTE SHANE DAVIS

 

b)
Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction, or mutilation of this Note (and upon surrender
of this Note if mutilated), the Company shall execute and deliver to the Holder a new Note of like date, tenor, and denomination.

 

c)
No course of dealing and no delay or omission on the part of the Holder in exercising any right or remedy shall operate as a waiver
thereof or otherwise prejudice the Holder’s rights, powers, or remedies. No right, power, or remedy conferred by this Note
upon the Holder, or by the Notes on the holders of the Notes, shall be exclusive of any other right, power, or remedy referred
to herein or now or hereafter available at law, in equity, by statute or otherwise, and all such remedies may be exercised singly
or concurrently.

 

d)
This Note may be amended only by a written instrument executed by the Company and the Holder hereof. Any amendment shall be endorsed
upon this Note, and all future Holders shall be bound thereby.

 

e)
This Note has been negotiated and consummated in the State of Colorado and shall be governed by, and construed in accordance with,
the laws of the State of Colorado without giving effect to principles governing conflicts of law. The Company irrevocably (A)
consents that any legal action or proceeding against it relating to this Note may be commenced exclusively in the Courts of the
State of Colorado, County of Boulder, (B) submits to the jurisdiction of any such Court in any such action or proceeding and (C)
waives any claim or defense in any such action or proceeding based on any alleged lack of jurisdiction, improper venue or forum
non conveniens. Service of process may be effected by notice sent pursuant to Section 7(a) hereof. The Company waives trial by
jury in any proceeding relating to this Note.

 

	8.	Security
    Agreement And Pledge.

 

The
payment of the principal and any accrued and unpaid default interest hereunder is secured by the Security Agreement, which is
in accordance with the provisions of the Uniform Commercial Code as existing in the State of Colorado, and which also includes
a pledge of Membership Interests (as defined in the Security Agreement) by the Company in favor of Holder.

 

The
Undersigned, any other party liable with respect to the Acquisition Loan and any and all endorsers and accommodation parties,
and each one of them, if more than one, waive any and all presentment, demand, notice of dishonor, protest, and all other notices
and demands in connection with the enforcement of Holder’s rights hereunder.

 

THIS
NOTE SHALL BE GOVERNED AND CONTROLLED BY THE INTERNAL LAWS OF THE STATE OF Colorado AS TO INTERPRETATION, ENFORCEMENT, VALIDITY,
CONSTRUCTION, EFFECT, AND IN ALL OTHER RESPECTS, INCLUDING WITHOUT LIMITATION, THE LEGALITY OF THE INTEREST RATE AND OTHER CHARGES,
and shall be binding upon the Undersigned and the Undersigned’s legal representatives, successors and assigns (and each
of them, if more than one). If this Note contains any blanks when executed by the Undersigned, the Holder is hereby authorized,
without notice to the Undersigned to complete any such blanks according to the terms upon which the Acquisition Loan was granted.
Wherever possible, each provision of this Note shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Note shall be prohibited by or be invalid under such law, such provision shall be severable,
and be ineffective to the extent of such prohibition or invalidity, without invalidating the remaining provisions of this Note.

 

    	Page 4 of 5

     

    

 

DOYEN
ELEMENTS SECURED ACQUISITION PROMISSORY NOTE SHANE DAVIS

 

To
induce Holder to make Acquisition Advances under the Acquisition Loan evidenced by this Note, the Undersigned (i) irrevocably
agrees that, subject to Holder’s sole and absolute election, all actions arising directly or indirectly as a result or in
consequence of this Note or any other agreement with the Holder, or the Collateral, shall be instituted and litigated only in
a court having its situs in El Paso County, Colorado, (ii) hereby consents to the exclusive jurisdiction and venue of any State
or Federal Court located and having its situs in said county; and (iii) waives any objection
based on forum non-conveniens. THE UNDERSIGNED HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT TO A TRIAL BY JURY
IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS NOTE, ANY OTHER DOCUMENT AND ANY AMENDMENT, INSTRUMENT,
DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY
HOLDER RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED
BEFORE A COURT AND NOT BEFORE A JURY. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE MAKING OF ANY ACQUISITION LOAN TO THE UNDERSIGNED
BY THE HOLDER. In addition, the Undersigned agree that all service of process shall be made as provided in the Loan Agreement.

 

As
used herein, all provisions shall include the masculine, feminine, neuter, singular and plural thereof, wherever the context and
facts require such construction and in particular the word “Undersigned” shall be so construed.

 

IN
WITNESS WHEREOF, the Undersigned has executed this Note on the date above set forth.

 

	 		 	Doyen
    Elements, Inc.
	 	 	 	 	 
	 		 	By:	
	 	 	 	 	 
	 	Witness	 	Name:	Cynthia
    Boerum
	 	Printed
    Name: Peter Berkman	 	Title:	CEO

 

    	Page 5 of 5Exhibit
A: EMPLOYMENT AGREEMENT FOR SHANE DAVIS

 

EXHIBIT
A

 

DOYEN
ELEMENTS, INC.

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (hereinafter “Agreement”), is made, entered into and effective as of December 13, 2017
(the “Effective Date”) by and between Doyen Elements, Inc., a Nevada corporation (hereinafter the “Employer”),
and Shane Davis, (hereinafter “Employee”), an individual resident of the State of Colorado. Either the Employer or
Employee may be individually referred to herein as a “party,” or collectively as the “parties.”

 

RECITALS

 

WHEREAS, the Employer
desires to employ Employee as President of its wholly-owned subsidiary 7GENx LLC a Colorado limited liability company;

 

WHEREAS,
Employee desires to be employed by the Employer; and

 

WHEREAS,
for their mutual benefit, the Employer and Employee desire to set forth the terms and conditions of employment of Employee by
the Employer as provided herein; and

 

WHEREAS,
Employee acknowledges that the restrictions and covenants contained in this Agreement constitute a material inducement for the
Employer to enter into this Agreement and provide employment to Employee; and

 

WHEREAS,
Employee wishes to enter into a new employment relationship with the Employer whereby Employee receives the independent consideration
offered in this Agreement and whereby Employee receives access to confidential information and existing and prospective clients;
and

 

WHEREAS,
Employee acknowledges that Employee will be employed in a position of trust and confidence and will have access to and will become
familiar with the products, methods, technology, services and procedures used by the Employer and its clients; and

 

WHEREAS,
Employee acknowledges that the Employer has expended significant time and money on the development of client goodwill and a sound
business reputation, and that as part of Employee’s duties, Employee will develop and maintain close working relationships
with the Employer’s clients and prospective clients.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 1 of 12 

    	 

    

 

AGREEMENTS

 

NOW
THEREFORE, in consideration of the foregoing recitals, the mutual promises and covenants set forth herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the Employer and Employee
agree as follows:

 

ARTICLE
ONE 

EMPLOYMENT

 

1.1
Terms of Employment. Subject to the terms and conditions hereof, the Employee’s employment hereunder shall commence
on the Effective Date, and continue for three years (the “Initial Term”). On the last day of the Initial Term and
any renewal term, this Agreement shall automatically renew for one year unless either party gives notice to the other party of
its determination not to renew this Agreement at least sixty days prior to the last day of the Initial Term or any renewal term.
The Initial Term and all renewal terms shall be collectively referred to herein as the “Employment Term.”

 

1.2
Employment Duties. Employee shall be employed to perform such duties as are generally set forth in Schedule A, which
may be amended from time to time by mutual written consent of the parties without affecting the enforceability of the terms contained
herein.

 

1.3
Compensation. Employee shall be employed by the Employer as an Employee and shall be compensated with a base salary and
a bonus salary as set forth in Schedule A, which may be increased from time to time with mutual written consent of the
parties without affecting the enforceability of the terms contained herein. All compensation shall be payable throughout such
Employment Term in accordance with the Employer’s customary payroll practice for its employees.

 

1.4
Employee Performance. Employee agrees to perform the duties assigned to Employee pursuant to this Agreement to the best
of Employee’s ability and in a competent, efficient and satisfactory manner.

 

ARTICLE
TWO

COMMUNICATIONS
& BACKGROUND CHECKS

 

2.1
Electronic Mail Address. The Employer may issue Employee an Employer-issued email address for Employee to use for in the
performance of Employee’s duties for the Employer. Any Employer-issued e-mail address(es) are the sole property of the Employer,
are to be used for business purposes only, and are not for personal use. The Employer reserves the right to inspect and review
any information contained therein at any time at its sole discretion. Employee shall have no right to privacy regarding any such
information.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 2 of 12 

    	 

    

 

2.2
Background Checks. At any time in Employer’s sole discretion but consistent with Employer’s
standard policies for employees generally, it may conduct background checks and other investigations regarding Employee. Furthermore,
from time to time, Employer’s clients and vendors may require additional background and credit checks. Employee consents
to such checks and investigations and agrees to provide any required written authorizations or consents.

 

ARTICLE
THREE 

TERMINATION

 

3.1
Termination. Employee’s employment hereunder shall at all times be subject to “just
cause,” meaning either party must have a valid reason to terminate the employment relationship. Upon termination of the
employment relationship, no further compensation shall be due to the Employee, and eligibility for the payment of any bonus compensation
shall cease. Termination of employment shall have no effect, whatsoever, on the obligations due under the Equity Purchase Agreement,
so long as Employee has fully performed his obligations concerning delivery of the acquired company as defined in Definition 1.1(a)
on page 1 above.

 

3.2
Severance:

 

3.2.1
If employer terminates Employee’s employment without Cause (as defined below) or if Employee resigns for Good Reason (as
defined below) and does not rescind a reasonable separation and release agreement prepared by Employer and satisfactory to Employee
in his reasonable discretion (the “Release”), Employer will pay Employee the greater of (i) one year of Employee’s
then current Base Salary or (ii) the amount of Employee’s base salary remaining payable to Employee for the Initial Term,
in each case less applicable payroll taxes, deductions, and withholding (the “Severance Pay”).

 

3.2.2
The Severance Pay will be paid within thirty (30) days following the effective date of Employee’s termination (the “Separation
Date).

 

3.2.3
If Employee breaches any term of Article 4 of this Agreement, Employer will no longer be obligated to pay Employee, and will immediately
cease paying Employee, any and all unpaid Severance Pay that otherwise would be due to Employee under Section 3.2.

 

3.2.4
Definition of “Cause.” For purposes of Section 3.2., “Cause” will mean: (1) a material improper
act or act of fraud against Employer or 7GENx LLC, including without limitation a conviction for theft or embezzlement from Employer;
(2) conviction of or plea of guilty or nolo contendere to a crime that constitutes a felony involving fraud, dishonesty, or reflecting
poorly on the Employer’s reputation; or (3) willful engagement in dishonesty, illegal conduct or gross misconduct, which
adversely affects Employer in a material manner where the Employee has received the opportunity to cure and such conduct after
thirty days’ notice. Notwithstanding the foregoing, the Parties acknowledge that some 7GENx LLC business transactions involve
sales to customers in the marijuana industry which are illegal under Federal Law. Employer agrees that Employee’s engagement
in or facilitation of such transactions shall not constitute Cause for termination of this Agreement.

 

3.2.5
Definition of “Good Reason.” For purposes of Section 3.2, “Good Reason” means (1) a relocation
of Employee’s primary work location to a location greater than fifty miles away from his current work location in Boulder,
CO; or (2) a material change in Employee’s duties or reporting structure.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 3 of 12 

    	 

    

 

ARTICLE
FOUR

COVENANTS
AND RESTRICTIONS

 

4.1
Nondisclosure of Confidential Information. Employee shall hold in strictest of confidence and
will never, without prior written authorization of the Employer or its legal counsel, divulge, disclose, furnish, transfer, convey,
communicate or make accessible or use in any way for Employee’s own or another’s benefit, any of Employer’s
Confidential Information Supplier/Vendor Confidential Information, or any Customer Confidential Information (collectively “Confidential
Information”) as defined below, except: (1) as may be required or necessary to enforce or comply with the terms of the Agreement;
(2) as may be required by subpoena or a Court; (3) as may be necessary in the preparation for any state or federal tax returns;
or (4) as otherwise may be required by law. Upon termination of Employment, Employee shall deliver to the Employer all materials
that include Confidential Information belonging to the Employer in addition to all other property of the Employer in the Employee’s
possession. Under no circumstance shall Employee use the Confidential Information for the Employee’s personal benefit or
gain or for the benefit or gain of any other person other than the Employer.

 

4.2
Duty to Disclose Agreement. Employee (a) shall disclose and make available this Agreement
to any employer, or potential employer, or other business in which Employee may hereafter render services, and (b) shall, upon
request, keep Employer apprised of Employee’s employment status, in each case for a period of twelve (12) months following
the termination of this Agreement or Employee’s employment with Employer. Furthermore, the Employer shall have the right
to notify any potential employer of the Employee of the existence of this Agreement for a period of twelve (12) months following
the termination of this Agreement or Employee’s employment with Employer.

 

4.3
Definitions.

 

4.3.1
Customer Confidential Information. For purposes of this Agreement “Customer Confidential Information” means
any information or compilation of information, not generally known, which is provided to the Employer by its customers or potential
customers under an agreement of confidentiality, is proprietary to the customer or potential customer and relates to the customer’s
or potential customer’s existing or reasonably foreseeable business. Information provided to the Employer by a customer
or potential customer shall be treated as Customer Confidential Information.

 

4.3.2
Supplier/Vendor Confidential Information. For purposes of this Agreement “Supplier/Vendor Confidential Information”
means any information or compilation of information, not generally known, which is provided to the Employer by its suppliers or
vendors under an agreement of confidentiality, is proprietary to the supplier or vendor and relates to the supplier’s or
vendor’s existing or prospective business relationship with the Employer. Information provided to the Employer by a supplier
or vendor shall be treated as Supplier/Vendor Confidential Information.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 4 of 12 

    	 

    

 

4.3.3
Employer’s Confidential Information. For purposes of this Agreement “Employer’s Confidential Information”
means any information (whether in written or electronic form and whether communicated orally or otherwise) which is proprietary
to the Employer, and is not generally known, and relates to the Employer’s existing or foreseeable business including, but
not limited to: (i) trade secrets, (ii) computer programs (including all algorithms, codes and documentation relating thereto),
(iii) any and all information relating to the Employer’s marketing techniques, mailing lists, customer and prospective customer
lists, financial and compensation matters, and vendor relationships and (iv) any other compilation, list, program, devise, method,
technique or process that derives independent economic value, actual or potential from not being generally known to, and not being
readily ascertainable by proper means by other persons who can derive economic value from its disclosure or use. Information shall
be treated as Employer’s Confidential Information irrespective of its source, and all information that the Employer identifies
as being “confidential” or “trade secret” and which is not generally known pursuant to the Colorado Trade
Secret Act shall be presumed to be Employer’s Confidential Information. Employer’s Confidential Information shall
not lose its confidential or proprietary status merely because it was known by a limited number of other persons or entities or
because it did not entirely originate with the Employer.

 

4.3.4
With respect to each covenant in Section 4.3.1, 4.3.2 and 4.3.3, Confidential Information specifically excludes any information:
(i) published or otherwise generally known by relevant segment(s) of the public; (ii) known by Employee before obtaining access
to it under this Agreement; (iii) provided to Employee by a third party not under an obligation of confidence benefiting Employer;
(iv) independently developed by Employee without use of Customer Confidential Information, Supplier/Vendor Confidential Information
or Employer’s Confidential Information; or (v) disclosed by Employer to a third party without confidentiality obligations
comparable to those of this Agreement.

 

4.4
Enforcement; Prevailing Party Attorneys’ Fees. It is recognized that damage in the event of breach of the Employee’s
covenants under this Agreement will be difficult if not impossible to ascertain. It is therefore agreed that the Employer, in
addition to or without limiting any other remedy or right that it might have pursuant to statute, shall have the right to:

 

4.4.1
An injunction against Employee issued by a court of competent jurisdiction enjoining such breach. Employee hereby consents to
the issuance of any preliminary or permanent injunction without limitation and without bond;

 

4.4.3
Any other remedy provided by law which is not inconsistent with the remedies set forth above; and

 

4.4.4 All provisions in
this Agreement requiring the Employee to do or to refrain from certain activities shall be tolled for so long as Employee
is in violation of this Agreement. The parties further agree that the prevailing party in any enforcement or legal action incurred
in protecting its interests under and enforcing or attempting to enforce this Agreement, shall be entitled to reimbursement of
its costs in such enforcement or legal action including but not limited to reasonable attorneys’ fees incurred in litigation,
voluntary arbitration, trial, in all appellate courts, and the costs and attorneys’ fees related to the collection of any
amounts awarded by a court or arbitrator, without limitation to manner or form against the other party.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 5 of 12 

    	 

    

 

4.5
Inventions. With respect to Inventions made, authored, or conceived by Employee either solely or jointly with others during
the Employment Term, Employee shall promptly and fully disclose and describe such Inventions in writing to the Employer, assign
(and does hereby assign) to Employer all of Employee’s rights to such Inventions and to applications for letters, patent
and/or copyright in all countries and to all letters patent and/or copyrights granted upon such Inventions in all countries. Employee
will, during the Employment Term and thereafter, do such other acts as may be necessary in the Employer’s opinion to preserve
property rights against forfeiture, abandonment or loss and to obtain and maintain letters patent and/or copyrights and to vest
the entire right and title thereto in the Employer. The provisions of this paragraph shall not apply to Inventions made, authored
or conceived by Employee after termination of this Agreement or if such Inventions do not relate directly to the Employer’s
business or to the Employer’s actual or demonstrably anticipated research or development and do not result from any work
performed by Employee for the Employer and no Employer Confidential Information is used in the making, authorship or conception
of the Invention or discovery. For purposes of this Agreement, “Inventions” means discoveries, concepts, ideas and
works of authorship, whether or not patentable or subject to copyright including but not limited to processes, methods, formulas,
and techniques, as well as improvement or know-how concerning any present or prospective activities of the Employer with which
the Employee becomes acquainted as a result of his employment by the Employer or which are conceived by Employee during the Employment
Term.

 

4.6
Proprietary Rights. Ownership of, and all rights in, any work product that Employee is providing
to the Employer under this Agreement, which includes, but is not limited to designs, inventions, developments and improvements
relating to the business of 7GENx LLC (the “Work”), including trademarks, patents and copyrights applicable to the
same, shall belong exclusively to the Employer, which the Employee hereby assigns to the Employer. The parties to this agreement
agree to consider as a “work made for hire” any work requested by the Employer that qualifies as such under the United
States copyright laws. To the extent that the Work cannot be a “work made for hire” or when necessary for any other
reason, Employee will provide the Employer with all such assignments of rights, covenants and other assistance, and do all necessary
acts that may be required for the Employer through trademark, patent or copyright applications or otherwise, to enforce and obtain
the full benefit of the rights provided herein. If the Work contains materials previously developed or copyrighted by the Employee
or others, the Employee grants to the Employer, or agrees to obtain for the Employer an unrestricted, royalty- free license to
use and copy such materials. Any license so granted or obtained shall include the right for the Employer to grant an unrestricted,
royalty-free license to any affiliate of the Employer. The Employee shall place a copyright notice on the Work at the Employer’s
request.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 6 of 12 

    	 

    

 

4.7
Severability of Covenants. The covenants contained in this Agreement constitute a series of separate but ancillary covenants.
If in any judicial proceeding a court shall hold that any of the covenants set forth herein exceed the time, geographic, or occupational
limitations permitted by applicable laws, Employee and the Employer agree that such provisions shall and hereby are reformed to
the reflect the maximum time, geographic, or occupational limitations permitted by such laws. Further, in the event a court shall
hold unenforceable any of the separate covenants deemed included herein, then such unenforceable covenant or covenants shall be
deemed eliminated from the provisions of this Agreement for the purpose of such proceeding to the extent necessary to permit the
remaining separate covenants to be enforced in such proceeding. Employee and Employer further agree that the covenants herein
shall each be construed as a separate agreement independent of any other provisions of this Agreement, and the existence of any
claim or cause of action by Employee against the Employer, whether predicated on this Agreement or otherwise, shall not constitute
a defense to the enforcement by Employer of any of the covenants herein.

 

ARTICLE
FIVE

EMPLOYEE
REPRESENTATIONS AND WARRANTIES

 

5.1
Employee Representations and Warranties. Employee hereby represents and warrants that Employee is not currently bound by
the provisions of any agreement or contract regarding any former employment, independent contractor or agent relationship, including
but not limited to provisions regarding non-competition, non-solicitation or confidential information. Employee further represents
and warrants that Employee is not in possession of any confidential or proprietary information gained as a result of any former
employment, independent contractor or agent relationship, other than for 7GENx LLC, and that Employee will not bring any such
information into any workplace or onto any premises of the Employer or utilize any such information during the Employment Term.
Employee hereby agrees to defend, indemnify and hold the Employer harmless from any claim or liability for which the Employer
may become subject as a result of a breach by Employee of this Article.

 

ARTICLE
SIX

MISCELLANEOUS

 

6.1
Notices. Any notices permitted or required under this Agreement shall be deemed given upon
the date of personal delivery or 48 hours after deposit in the United States mail, first class postage fully prepaid, addressed
to such party as follows:

 

TO
EMPLOYER:

 

Doyen
Elements, Inc.

1880
Office Club PT

STE
1240

Colorado
Springs, CO 80920

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 7 of 12 

    	 

    

 

With
a copy (which shall not constitute notice) to:

 

Peter
Berkman Attorney at Law, PLLC

18865
State Rd 54 #110

Lutz,
FL 33558

 

TO
EMPLOYEE:

 

Shane
Davis

P.O.
Box 21432

Boulder,
CO, 80308

 

6.2
Law Governing; Venue. This Agreement shall be governed by and construed in accordance with
the laws of the State of Colorado. Venue shall exist in Boulder County for the resolution of any matter relating to this Agreement
and each party submits to the jurisdiction of such Court.

 

6.3
Entire Agreement. This Agreement contains the entire understanding between and among the
parties and supersedes any prior understandings and agreements among them respecting the subject matter of this Agreement. Any
amendments to this Agreement must be in writing and signed by the party against whom enforcement of that amendment is sought.
This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

6.4
Presumption. This Agreement or any article hereof shall not be construed against any party due
to the fact that said party drafted this Agreement or any article thereof.

 

6.5 Savings Clause. If any provision
of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of
this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid,
shall not be affected thereby.

 

6.6
Shane Davis will have the authority to hire some of the employees for this acquisition and
provide reasonable compensation upon BOD approval.

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 8 of 12 

    	 

    

 

6.7
Incorporation of Recitals. The recitals are incorporated into this Agreement and made a part
hereof. Specifically, Employee acknowledges that the Employee has entered into this Agreement prior to the commencement of Employee’s
employment with the Employer.

 

6.8
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of
the Employer, its successors and assigns.

 

6.9
Survival of Covenants. The covenants and agreements in Section 4 shall survive for a period
of two years following termination of this Agreement or termination of Employee’s employment with the Employer.

 

6.10
Counterparts. This Agreement may be signed in counterparts by the parties hereto with the same force and effect as if the
above parties signed the same original agreement. Facsimile copies and photocopies of the parties’ signatures to this Agreement
shall be valid and enforceable to the same extent as original signatures, and the parties hereby waive any requirement that original
signatures be produced as a condition of proving the validity of, or otherwise enforcing this Agreement.

 

[THIS
SPACE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS]

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 9 of 12 

    	 

    

 

Doyen Elements. Inc.

 

EMPLOYMENT
AGREEMENT

 

SIGNATURE
PAGE

 

IN
WITNESS WHEREOF, the Employer and Employee have caused this Agreement to be executed and effective as of the day and year first
above written.

 

	 	 	DOYEN
    ELEMENTS, Inc. 

    (“EMPLOYER”)
	 	 	 
	Dated: December
    13, 2017	 	/s/
    Cynthia Boerum
		 	By:
    Cynthia Boerum 
	 	 	Its:
    CEO

 

	 	 	(“EMPLOYEE”)
	 	 	 
	Dated:
    December 13, 2017	 	
	 	 	Shane
    Davis

 

    	Employment Agreement 
 Doyen Elements, Inc.	 
Page 10 of 12 

    	 

    

 

 

SCHEDULE
A

 

EMPLOYMENT
AGREEMENT – DUTIES AND COMPENSATION

 

	 	 	 	 
	 	Employee
    Name:	Shane
    Davis	 
	 	 	 	 
	 	Employee
    Title:	President
    of 7GENx LLC	 
	 	 	 	 
	 	Employee
    Duties: 

    (But not Limited to)	At
                                         the direction of the CEO and Board of Directors, marshaling company resources to the
                                         most productive uses with the aim of creating maximum value for the company’s stakeholders

         

        Maintaining
        and monitoring staffing, levels, Knowledge-Skills-Attributes (KSA), expectations and motivation to fulfill organizational
        requirements

         

        Enhance
        and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve
        the overall operation and effectiveness of the Company.
	 
	 	 	 	 

	 	Employee
    Compensation:	Compensation	 
	 	 	December
    13 ,2017 to January 31, 2018	 
	 	 	$1,500
    weekly	 
	 	 	Then	 
	 	 	Annual
    Compensation: Starting Feb 1, 2018	 
	 	 	 	 

	 	 	 	●	Annual
    salary of One Hundred and Thirty Thousand Dollars ($130,000);	 
	 	 	 	 	 	 
	 	 	 	●	All
    commercially reasonable expenses.	 
	 	 	 	 	 	 
	 	 	 	●	A
    profit sharing plan to be implemented by Employer with the intent of compensating Employee for performance by the Company
    that exceeds the agreed upon budget for that year, the terms of which will be acceptable to both parties.	 
	 	 	 	 	 	 

	 	 	All
    compensation is subject to all necessary state and federal tax withholding requirements, payable in accordance with the Employer’s
    normal payroll practices of every two weeks.	 
	 	 	 	 

 

    	Employment Agreement
 Doyen Elements, Inc.	 
Page 11 of 12 

    	 

    

 

Schedule
A - Employment Agreement

 

	 	 	DOYEN
    ELEMENTS, Inc. 

    (“EMPLOYER”)
	 	 	 
	Dated:
    December 13, 2017	 	/s/
    Cynthia Boerum
		 	By:
    Cynthia Boerum 
	 	 	Its:
    CEO

 

	 	 	(“EMPLOYEE”)
	 	 	 
	Dated:
    December 13, 2017	 	
	 	 	By:
     Shane Davis

 

    	Employment Agreement
 Doyen Elements, Inc.	 
Page 12 of 12

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