Document:

Exhibit 10.3

 

EXECUTIVE
EMPLOYMENT AGREEMENT

STEVEN STAEHR

 

This
Employment Agreement (“Agreement”) is effective on October 1st, 2019 (the “Effective Date”)
between Adamas One Corp., a Nevada corporation (“Company”), and Steven Staehr (“Executive”). The
Company and Executive are sometimes referred to herein individually as a “Party” and collectively as the “Parties.

 

WITNESSETH:

 

WHEREAS,
the Company desires that Executive be retained by the Company, and render services to the Company, and Executive is willing to be so
employed and to render such services to the Company, all upon the terms and subject to the conditions contained herein in consideration
for, among other things, the Company’s agreement to provide Executive with Confidential Information pursuant to the terms of this
Agreement, and Executive’s receipt of Confidential Information pursuant to a relationship of trust and confidence and under conditions
of confidentiality and non-use and non-disclosure.

 

AGREEMENT:

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.           EMPLOYMENT.
Subject to and upon the terms and conditions contained in this Agreement, the Company hereby agrees to employ Executive and Executive
agrees to be employed by the Company, for the period set forth in paragraph 2 hereof, to render to the Company, its affiliates and/or
subsidiaries the services described in paragraph 3 hereof.

 

2.           TERM.
Executive’s employment under this Agreement shall commence as of the Effective Date hereof and shall continue for a period of Three
(3) years and shall automatically be renewed in Three (3) year increments unless earlier terminated within the sole discretion and unanimous
vote of the Board of Directors of the Company (the “Employment Term”). The Company must notify the Employee no later
than 90 days prior to the end of the 3 year period that it has chosen not to extend the contract with the Employee or the agreement shall
automatically renew. Employee upon extending Agreement shall receive the same number of Common Stock Shares as received with original
Agreement.

 

3.            DUTIES.

 

(a)       Executive
shall serve as the Chief Financial Officer (“CFO”) of the Company, reporting directly to the Board of Directors of
the Company (the “Board”). Executive shall be responsible for the management and running of the day-to-day financial
operations of the Company (the “Services”). Executive agrees to devote Executive’s primary business time, attention,
skills, and best efforts to the performance of the Services.

 

(b)       Executive
shall perform all duties and services incident to the positions held by him. The Company retains the right, by unanimous decision of
the Board, to change Executive’s title and duties, as may be determined to be in the best interests of the Company; provided, however,
that any such change in Executive’s duties shall be consistent with Executive’s training, experience, and qualifications.

 

(c)       Executive
agrees to abide by all bylaws and policies of the Company, promulgated from time to time by the Company, as well as all state and federal
laws, statutes and regulations.

     

     

    

4.            BEST
EFFORTS. Executive agrees to devote his best efforts and attention, as well as his energies and skill, to the performance of
the Services and the discharge of the duties and responsibilities attributable to his position.

 

5.            COMPENSATION.
The Company will pay Executive the following compensation for his services under this Agreement:

 

(a)       Base
Salary. For the duration of the Employment Term and as compensation for his services and covenants hereunder, the Company shall
pay to Executive consideration (the “Base Salary”) as follows:

 

	For
all pay periods ending

    on
    or before December 31,

    
	Annual
    Base Salary
	2019	100,000
	2020	125,000
	2021	200,000
	2022
    and thereafter	9%
    more than Base Salary in the prior year

 

(b)       Equity
Compensation. Executive shall receive 250,000 Restricted Common Stock Shares upon signing this agreement. For the duration of
the Employment Term and as compensation for his services and covenants hereunder, the Executive shall be entitled to restricted shares
of the common stock of the Company (the “Equity Compensation”), as of the first day of each calendar year, as follows:

 

	For
                                            all pay periods ending

    

    on
    or before December 31,

    
	Annual
    Equity Compensation
	2019	150,000
    Restricted Common Stock Shares
	2020	150,000
    Restricted Common Stock Shares
	2021	150,000
    Restricted Common Stock Shares
	2022
    and thereafter	150,000
    Restricted Common Stock Shares 

    plus 9% more than the prior year

 

(c)       Issuance
of Shares. Upon receipt of written notice from Executive, the Company shall issue to Executive the Equity Compensation to which
the Executive is entitled to in accordance with the schedule above.

 

(d)       Accrual
of Shares. In the event Executive does not request in writing that the Equity Compensation be issued during the period in which
it is earned, the un-issued shares shall accrue and the Executive may request the shares to be issued at any time.

 

(e)       Incentive
Plan. Executive shall also be eligible to participate in the Company’s annual incentive plan for executives, if applicable.
The criteria for determining the amount of the bonus, and the conditions that must be satisfied to entitle Executive to receive the bonus
for any year during the term of this Agreement shall be determined, in their sole discretion, by the Company’s Board of Directors
or its Compensation Committee.

 

(f)       Interest
on Unpaid Compensation. In the event that any compensation due to Executive has not been paid in accordance with the terms of
this Agreement, the Company shall pay to Executive that certain amount of compensation that is due and payable plus any accrued interest
at a rate of 10% per annum. The amount due the employee plus interest shall be paid to employee as soon as the Company has that amount
available in its banking accounts or line of credit or on a credit facility and in all instances prior to any employees receiving current
compensation before this employee has been brought current,

     

     

    

(g)       Acceleration.
In the event that all or at least 50% of the stock or assets of the Company are sold, all compensation owed to Executive under this
Agreement shall become immediately due and payable and Executive shall be paid a bonus equal to 125% of his Current Annual Base Salary
and issued 250,000 shares of the common stock of the Company.

 

6.            EXPENSES.

 

(a)       Reimbursement.
Executive shall be reimbursed for all business expenses incurred by him in connection with the performance of the Services under this
Agreement. The reimbursement of any such expense that is includible in gross income for federal income tax purposes shall be paid no
later than the end of the calendar month following the calendar month in which the expense was incurred. In addition, Executive will
be paid an allowance for automobile expenses of $450 per month, $150 for a mobile phone, housing allowance for Greenville’s headquarters,
Executive’s health insurance and fuel allowance with no requirement to report or account for such expenses. The company will advance
or reimburse the costs of maintaining Employee’s CPA license including the costs associated with approximately 40 -80 hours of
live instruction at time and place to be selected by Employee.

 

(b)       Travel.
Where Executive is required to travel for Company, Company shall pay costs of such travel as follows:

 

		i.	Air
                                            Transportation: Business Class air (when available) for Executive and one coach companion
                                            fare in form of actual ticket or cash amount at discretion of the Employee.

 

		ii.	Hotel:
                                            Choice of accommodations as selected by the Executive in his sole discretion.

 

		iii.	Per
                                            Diem: $110 for Executive for travel days.

 

		iv.	Ground
                                            Transportation: Exclusive sedan or van with driver to/from Executive’s home, airport,
                                            hotel and all destination sites.

 

7.            EXECUTIVE
BENEFITS.

 

(a)       Benefits.
During the Employment Term, Executive shall be entitled to participate in such group term insurance, disability insurance, health and
medical insurance benefits, life insurance and retirement plans or programs as are from time to time generally made available to executive
employees of the Company pursuant to the policies of the Company; provided that Executive shall be required to comply with the conditions
attendant to coverage by such plans and shall comply with and be entitled to benefits only to the extent former employees are eligible
to participate in such arrangements pursuant to the terms of the arrangement, any insurance policy associated therewith and applicable
law, and, further, shall be entitled to benefits only in accordance with the terms and conditions of such plans. The Company may withhold
from any benefits payable to Executive all federal, state, local and other taxes and amounts as shall be permitted or required to be
withheld pursuant to any applicable law, rule or regulation. Should there no Company Plan offered by the Company at any time the Company
will reimburse the Employee in full for the Employee obtained benefits plan for Employee and his family members he desires to be covered.

     

     

    

(b)       Vacation.
Executive shall be entitled to 2 weeks paid vacation plus one additional week beginning each year of the employees employment
after the first day of each calendar year after December 31 similar to annual compensation schedule above up to a maximum of 5 weeks
paid vacation in accordance with the Company’s policies, as may be established from time to time by the Company for its executive
staff, which shall be taken at such time or times as shall be mutually agreed upon by the Parties. Vacation time shall accrue if unused
during the fiscal year. Employee may also elect to take any accrued vacation as a payout rather than remain as accrued and unused for
the prior years.

 

(c)       Finished
Stones. In addition, Executive shall receive monthly not less than Two and one-half (2.5) carats of finished stones of Executive’s
choosing beginning upon Agreement date. Any unused monthly carat amounts are accrued and may be applied to a selected stone(s) up to
the current monthly amount plus accrued carats .

 

8.            DEATH
AND DISABILITY.

 

(a)       Death.
The Employment Term shall terminate on the date of Executive’s death, in which event the Company shall, within 30 days of the date
of death, pay to his estate, Executive’s Base Salary, any unpaid bonus awards (including any bonus award for a plan year that has
ended prior to the time employment terminated where the award was scheduled to be paid after the date employment terminated), reimbursable
expenses and benefits owing to Executive through the date of Executive’s death together with any benefits payable under any life
insurance program in which Executive is a participant.

 

(b)       Disability.
The Employment Term shall terminate upon Executive’s Disability. For purposes of this Agreement, “Disability” shall
mean that Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. For
purposes of determining Executive’s Disability, the CEO may rely on a determination by the Social Security Administration that
Executive is totally disabled or a determination by the Company’s disability insurance carrier that Executive has satisfied the
above definition of Disability. In case of such termination, Executive shall be entitled to receive his Base Salary, any unpaid bonus
awards (including any bonus award for a plan year that has ended prior to the time employment terminated where the award was scheduled
to be paid after the date employment terminated), reimbursable expenses and benefits owing to Executive through the date of termination
within 30 days of the date of the Company’s determination of Executive’s Disability, together with any benefits payable under
any disability insurance program in which Executive is a participant. Except as otherwise contemplated by this Agreement, Executive will
not be entitled to any other compensation upon termination of his employment pursuant to this subparagraph 8(b).

 

9.                   TERMINATION
OF EMPLOYMENT.

 

(a)       Termination
With Cause By Company. The Company may terminate this Agreement at any time during the Employment Period for “Cause”
upon written notice to Executive, upon which termination shall be effective immediately. For purposes of this Agreement, “Cause”
means the following:

 

i.       Conviction
of felony theft or felony embezzlement from the Company; or

 

(b)       Termination
Without Cause By Company. The Company may not terminate this Agreement at any time during the Employment Period without “Cause”
upon 90 days written notice to Executive.

     

     

    

(c)       Termination
By Executive. Executive may terminate this Agreement at any time by providing the Company 30 days’ written notice, with
or without “Good Reason.”

 

(d)       Compensation
upon Termination. In the event that the Company terminates the Executive’s employment hereunder due to a Termination “for
cause,” the Executive shall be entitled to any Base Salary, unpaid bonus, reimbursable expenses and benefits owing to Executive
through the day on which Executive is terminated plus 90 days. Except as otherwise contemplated by this Agreement, Executive will not
be entitled to any other compensation upon termination “for cause” of this Agreement. If Executive is terminated “without
cause” or if this Agreement is terminated by Executive, Executive is entitled any Base Salary, unpaid bonus, reimbursable expenses
and benefits owing to Executive through the day on which Executive is terminated through the balance of the current employment agreement
remaining. Full Compensation (as herein defined) plus a severance payment comprising of 100% of his annual Base Salary for the year of
termination and 200,000 shares of the common stock of the Company. “Full Compensation” shall mean all total executive
compensation accruable under this Agreement, which shall include payment of all accruable Base Salary, Equity Compensation and Performance
Bonuses that is payable to Executive under this Agreement as if earned in full.

 

10.            DISCLOSUREOF
TRADE SECRETS AND OTHER PROPRIETARY INFORMATION.

 

(a)       Executive
acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets,
formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries
and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries
or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the
goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill.
In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill.

 

(b)       Executive
will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in
any other business that is directly competitive with the Company’s business without written consent from the Board of Directors.

 

(c)       Executive
will not, during the Employment Term and for a period of 2 months thereafter, directly or indirectly, work in the United States as an
employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity
who is competitive with the business of the Company.

 

(d)       Executive
will not, during the Employment Term and for a period of 2 months thereafter, on his behalf or on behalf of any other business enterprise,
directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment
or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who
was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either
case for a business that is competitive with the business of the Company.

 

(e)       If
Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section
13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and
all remedies available at law or in equity.

     

     

    

(f)       It
is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary. If,
for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction to be
unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable.
Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company or any subsidiary or
affiliate of the Company or any successor of any of them, the right to enforce the above provisions through the use of all remedies available
at law or in equity, including, but not limited to, injunctive relief.

 

11.          COMPANY
PROPERTY.

 

(a)       Any
patents, inventions, discoveries, applications, processes, models or financial statements designed, devised, planned, applied, created,
discovered or invented by Executive during the Employment Term, regardless of when reduced to writing or practice, which pertain to any
aspect of the Company’s or its subsidiaries’ or affiliates’ business as described above shall be the sole and absolute
property of the Company, and Executive shall promptly report the same to the Company and promptly execute any and all documents that
may from time to time reasonably be requested by the Company to assure the Company the full and complete ownership thereof.

 

(b)       All
records, files, lists, including computer generated lists, drawings, documents, equipment and similar items relating to the Company’s
business which Executive shall prepare or receive from the Company shall remain the Company’s sole and exclusive property. Upon
termination of this Agreement, Executive shall promptly return to the Company all property of the Company in his possession. Executive
further represents that he will not copy or cause to be copied, print out or cause to be printed out any software, documents or other
materials originating with or belonging to the Company. Executive additionally represents that, upon termination of his employment with
the Company, he will not retain in his possession any such software, documents or other materials.

 

12.       CONSENT
TO JURISDICTION AND VENUE. The Executive hereby consents and agrees that federal and state courts located in Maricopa County,
Arizona shall have personal jurisdiction and proper venue with respect to any dispute between the Executive and the Company. In any dispute
with the Company, the Executive will not raise, and hereby expressly waives, any objection or defense to any such jurisdiction as an
inconvenient forum.

 

13.       NOTICE.
Except as otherwise expressly provided, any notice, request, demand or other communication permitted or required to be given under
this Agreement shall be in writing, shall be deemed conclusively to have been given: (a) on the first business day following the day
timely deposited with Federal Express (or other equivalent national overnight courier) or United States Express Mail, with the cost of
delivery prepaid or for the account of the sender; (b) on the fifth business day following the day duly sent by certified or registered
United States mail, postage prepaid and return receipt requested; or (c) when otherwise actually received by the addressee on a business
day (or on the next business day if received after the close of normal business hours or on any non-business day).

 

14.       INTERPRETATION;
HEADINGS. The parties acknowledge and agree that the terms and provisions of this Agreement have been negotiated, shall be construed
fairly as to all parties hereto, and shall not be construed in favor of or against any party. The paragraph headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

 

15.       SUCCESSORS
AND ASSIGNS; ASSIGNMENT; INTENDED BENEFICIARIES. Executive’s rights, powers, duties or obligations hereunder may be assigned
by Executive in Executive’s sole discretion. This Agreement shall be binding upon and inure to the benefit of Executive and his
heirs and legal representatives and the Company and its successors. Successors of the Company shall include, without limitation, any
corporation or corporations acquiring, directly or indirectly, all or substantially all of the assets of the Company, whether by merger,
consolidation, purchase, lease or otherwise, and such successor shall thereafter be deemed “the Company” for the purpose
hereof.

     

     

    

16.       NO
WAIVER BY ACTION. Any waiver or consent from the Company respecting any term or provision of this Agreement or any other aspect
of the Executive’s conduct or employment shall be effective only in the specific instance and for the specific purpose for which
given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver or consent. The failure or delay of
the Company at any time or times to require performance of, or to exercise any of its powers, rights or remedies with respect to, any
term or provision of this Agreement or any other aspect of the Executive’s conduct or employment in no manner (except as otherwise
expressly provided herein) shall affect the Company’s right at a later time to enforce any such term or provision.

 

17.       COUNTERPARTS;
GOVERNING LAW; AMENDMENTS; ENTIRE AGREEMENT; SURVIVAL OF TERMS. This Agreement may be executed in two counterpart copies, each
of which may be executed by one of the parties hereto, but all of which, when taken together, shall constitute a single agreement binding
upon all of the parties hereto. This Agreement and all other aspects of the Executive’s employment shall be governed by and construed
in accordance with the applicable laws pertaining in the State of Arizona (other than those that would defer to the substantive laws
of another jurisdiction). Each and every modification and amendment of this Agreement shall be in writing and signed by the parties hereto,
and any waiver of, or consent to any departure from, any term or provision of this Agreement shall be in writing and signed by each affected
party hereto.

 

18.       ENTIRE
AGREEMENT. The entire understanding and agreement between the Parties has been incorporated into this Agreement, and this Agreement
supersedes all other agreements and understandings between Executive and the Company and Dolce with respect to the relationship of Executive
with the Company or its affiliates or subsidiaries.

 

[Signature
page follows.] 

     

     

    

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date set forth above.

 

	(“COMPANY”)	(“EXECUTIVE”)
	ADAMAS ONE CORP.	 	 	 
	 	 	 
	/s/
    John G. Grdina	 	/s/
    Steven Staehr 10/1/2019
	By:  	John
    G. Grdina	 	By:	Steven
    Staehr
	Its:	Chairman
    & CEO	 	Its:	CFOExhibit
10.4

ADAMAS
ONE CORP.

 

Employment
Agreement

 

This
EMPLOYMENT AGREEMENT (“Agreement”) is made as of September 1st, 2019 (the “Effective Date”),
by and between ADAMAS ONE CORP., a Nevada corporation with its principal place of business located at 411 University Rd., Greenville,
South Carolina (together with its successors and assigns, the “Company”), and Gerald McGuire, with residence
at 423 Chamblee Blvd, Greenville, SC 29615 (“Employee”) (collectively, the “Parties”).

 

recitals

 

WHEREAS,
the Company desires to employ Employee, and Employee desires to be employed by the Company, as the Company’s Chief Operating
Officer (“COO”).

 

NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual covenants and conditions herein, and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereby agree as follows:

 

AGREEMENT

 

1.             Employment and Term. The Company hereby agrees to employ Employee, and Employee hereby accepts employment by the Company,
on the terms and conditions hereinafter set forth. Employee ’s term of employment by the Company under this Agreement (the
“Term”) shall commence on the Effective Date and continue for a period of 5 years or end on the date on which
the term of employment is terminated in accordance with Section 5. Employee’s employment with the Company shall be on
an “at-will” basis and terminable by either Party at any time for cause or “no cause”.

 

2.             Position, Duties and Responsibilities, Location and Commuting.

 

  2.1             
Position and Duties. During the Term, the Company shall employ Employee as COO. Employee shall report directly to CEO
subject to the specific direction of the Company’s CEO and for Board of Directors (the “Board”). Employee
shall have general authority and responsibility for the duties described herein in Exhibit “A” incorporated by reference.
Employee shall also have such other duties, powers, and authority as are commensurate with his or her position and such other
duties and responsibilities that are commensurate with his or her positions as specifically delegated to him or her from time
to time by his/her direct supervisor, the CEO (his designee) and/cc the Board.

 

  2.2             
Performance of Duties and Responsibilities. Employee agrees to devote his or her efforts, energies, and skill to the
discharge of the duties and responsibilities attributable to his or her position and, except as set forth herein, agrees to devote
sufficient amount of his or her professional time and attention to the business and affairs of the Company to adequately perform
his or her duties as provided herein Employee shall be entitled to engage in service on the board of directors of one (1) not-for-profit
organization to the extent such service does not compete with the Company or interfere with the performance of his or her duties
and responsibilities to the Company, as determined by the Company in its sole responsibility. Employee may serve on the boards
of directors of a reasonable number of corporations or trade organizations and participate in charitable, community or religious
activities; provided, however, that in the opinion of the Board, such service or participation does not materially interfere with
the proper performance of his duties and responsibilities specified herein.

     

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  2.3             
Compliance with Company Policies. Employee shall be subject to the Bylaws, notices, policies, procedures and rules
of the Company, including those policies and procedures set forth in the Company’s Code of Conduct and Ethics. Employee’s
violation of the terms of such documents shall be considered a breach of the terms of this Agreement.

 

  2.4             
Location of Employment. Employee’s principal office, and principal place of employment, shall be at the Company’s
offices in 411 University Rd., Greenville, SC 29601 provided that Employee may be required under business circumstances to travel
outside of such location in connection with performing his or her duties and this Agreement

 

3.             Compensation.

 

  3.1             
Base Salary. During the Terms, the Company shall pay to Employee an annual salary of $180,000.00 USD (“Base
Salary” an FLSA except employee, timely remitted consistent with the Company’s standard payroll cycle. The CEO and
Board Compensation Committee will periodically review the base salary of the Employee and may adjust Base Salary periodically,
in their sole discretion, provided, Employee’s Base Salary will not be such decrease is part of an across-the-board uniformly
applied reduction affecting all executives of the Company and does not disproportionately financially impact Employee.

 

  3.2             
Stock Performance Grants. In the sole and absolute discretion of the Company, Employee may receive a performance bonus
on each twelve-month anniversary of his employment for years 1-5 in the form of the Company’s provision of 200,000 shares
of restricted Company common stock on each anniversary, for a total of 1,000,000 shares. Said shares are earned and fully vested
on the each of the anniversary date of this engagement and shall not be earned, due and/or otherwise payable or subject to demand
pro rata or in portion or part.

 

  3.3             
Initial Stock Bonus. Upon execution of Agreement Employee shall receive a one-time bonus of 200,000 shares of Adamas
common stock, said shares are earned and fully vested at time of execution of Agreement. These shares will be treated as all other
common shares and will be registered if and when other common shares are registered with the SEC.

 

4.              Employee Benefits and Perquisites.

 

  4.1             
Benefits. Employee shall be entitled to participate in such health, group insurance, welfare, pension and other employee
benefit plan, programs, and arrangements as are made generally available from time to time to other employees of the Company,
subject to Employee’s satisfaction of all applicable eligibility conditions of such plan, programs, and arrangements. Nothing
herein shall be construed to limit the Company’s ability to amend or terminate any employee benefit plan or program in its
sole discretion.

 

  4.2             
Fringe Benefits, Perquisites and Paid Time Off. During the Term, Employee shall be entitled to participate in all fringe
benefits and perquisites made available to other employees of the Company, subject to Employee’s satisfaction of all applicable
eligibility conditions to receive such fringe benefits and perquisites. In addition, Employee shall be eligible for up to 20 of
paid time off (“PTO”) per calendar year in accordance with the Company’s
vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner
as PTO days for employees of tbc Company generally accrue.

     

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  4.3             
Reimbursement of Expenses. The Company shall reimburse Employee for all reasonable pre-approved business and travel
expenses incurred in the performance of his or her job promptly open presentation of appropriate supporting documentation and
otherwise in accordance with and subject to the expense reimbursement policy of the Company.

 

5.              Termination: Change-in-control.

 

  5.1             
General. The employment relationship is “at-will” and the Company and Employee may terminate Employee’s
employment for any reason or no reason, in either case subject only to the terms of this Agreement; provided, however, that Employee
is required to provide to the Company at least sixty (30) days’ written notice of intent to terminate employment for any
reason or no further benefits or remuneration of any kind (other than “earned wages” will be owing and remitted to Employee,
unless the Company specifics an earlier date of termination. For purposes of this Agreement, the following terms have the following
meanings:

 

(a)               
“Accrued Benefits” shall mean (i) accrued but unpaid Base Salary through the Termination Date, payable
within thirty (30) days following the Termination Date; (ii) reimbursement for any unreimbursed pre-approved reasonable business
expenses incurred through the Termination Date, payable within thirty (30) days following the Termination Date; (iii) accrued
but unused PTO days; and (iv) all other payments, benefits, or fringe benefits to which Employee shall be entitled as of the Termination
Date under the terms of any applicable compensation arrangement or benefit, equity, or fringe benefit plan or program or grant.

 

(b)              
“Cause” shall mean: (i) a breach by Employee of his or her fiduciary duties to the Company; (ii) Employee’s
breach of this Agreement, which, if curable, remains uncured or continues after five (5) days’ notice by the Company thereof;
(iii) the commission of (A) any crime constituting a felony in the jurisdiction in which committed and/or being arrested or charged
with such act, (B) any crime involving moral turpitude (whether or not a felony), or (C) any other criminal act involving embezzlement,
misappropriation of money, fraud, theft, or bribery (whether or not a felony) and/or being arrested or charged with such act;
(iv) illegal or controlled substance abuse or insobriety by Employee: (v) Employee’s material negligent or dereliction in
the performance of, or failure to perform Employee’s duties of employment with the Company, which remains uncured or continues
after five (5) days’ notice by the Company thereof; (vi) Employee’s refusal or failure to carry out a lawful directive
of the Company or any member of the Board or any of their respective designees, which directive is consisted with the scope and
nature of Employee’s responsibilities; or (vii) any conduct, action or behavior by Employee that is, or is reasonably expected
to be, materially damaging to the Company, whether to the business interests, finance or reputation. In addition, Employee’s
employment shall be deemed to have terminated “for cause” if, on the date Employee’s employment terminates,
facts and circumstances exist that would have justified a termination “for cause”, even if such facts and circumstances
are discovered alter such termination.

     

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(c)               
“Good Reason” shall mean (i) a material breach, by the Company of its obligations under this Agreement,
upon which Employee notifies the Board in writing of such material breach within five (5) days of such occurrence and such material
breach shall have not been cured within thirty (30) days after the Board’s receipt of written notice thereof from Employee;
(ii) reduction in Employees Base Salary, where such reduction is not part of a general reduction in Base Salary for all executive-level
employees of the Company, (iii) decision by the Company to relocate Employee’s work site to a place more than fifty (50)
miles away from Greenville, SC.

 

(i)                 
“Termination Date” shall mean the date on which Employee’s employment hereunder terminates in
accordance with this Agreement.

 

5.2             
Termination Without Cause or Termination by Employee for Good Reason. In the event Employee’s employment hereunder
is terminated by the Company without cause or by Employee for Good Reason, Employee shall be entitled to receive any Accrued Benefits.
ln addition, commencing on the first payroll date following the date that is thirty (30) days following the Termination Date,
the Company shall continue to pay Employee his or her Base Salary and health benefits (via reimbursement of documented COBRA premium
expenses), in accordance with customary payroll practices and subject to applicable withholding and payroll tases (the “Severance
Payments”), for 3 month(s) for the first year Term of this Agreement and one additional month for the completion
of each successive full year during the Term of this Agreement (the “Severance Period”);
provided, however, in the event Employee is 40 years of age or older that remittance of the Severance Payments shall be conditioned
upon the execution, non-revocation, and delivery of a general release of claims by Employee, in a form reasonably satisfactory
to the Company, within twenty-one (21) days following the Termination Date. In the event Employee fails to timely execute and
deliver such a release in the form and manner as presented by the Company, the Company shall have no obligation to pay Severance
Payments under this Agreement.

 

5.3             
All Other Terminations. In the event Employee’s employment hereunder is terminated by the Company for Cause, by
Employee with Good Reason, or due to Employee’s death or Employee shall be entitled to receive the Accrued Benefits.

 

5.4             
Return of Company Property. Upon termination of Employee’s employment for any reason or under any circumstances,
Employee shall promptly return any and all Confidential Information (as defined in Section 7.3 below) and property of the Company
and any affiliates (including, without limitation, all computers, keys, credit cards, identification tags, engineering notebooks,
documents, data, confidential information, work product, and other proprietary materials), and other materials.

 

5.5             
Post-Termination Cooperation. Employee agrees and covenants that, following the Term, he or she shall, to the extent
requested by the Company, cooperate in good faith with the Company to assist the Company in the pursuit or defense of (except
if Employee is adverse with respect to) any claim, administrative charge, or cause of action by or against the Company as to which
Employee, by virtue of his or her employment with the Company or any other position that Employee holds that is affiliated with
or was held at the request of the Company, has relevant knowledge or information, including by acting as the Company’s representative
in any such proceeding and, without the necessity of a subpoena, providing truthful testimony in any jurisdiction or forum. The
Company shall reimburse Employee for his or her reasonable out-of-pocket expenses incurred in compliance with this Section 5.5.

     

    Page 5

    

5.6             
Post-Termination Non-Assistance. Employee agrees and covenants that, following the Term, he or she shall not voluntarily
assist, support, or cooperate with, directly or indirectly, any person or entity alleging or pursuing or defending against any
claim, administrative charge, or cause or action against or by the Company, including by providing testimony or other information
or documents, except under compulsion of law. Should Employee be compelled to testify, nothing in this Agreement is intended or
shall prohibit Employee from providing complete and faithful testimony. Nothing in this Agreement shall in any way prevent Employee
from cooperating with any investigation by any federal, state, or local Governmental agency.

 

6.            Non-Piracy/Non-Solicitation.

 

(a)               
Beginning on the date hereof and through the date that is two (2) years following the Termination Date (the “Restricted
Period”), Employee will not, and will cause his or her affiliates not to, directly or indirectly, through or
in association with any third party (1) call on, solicit, or service, engage or contract with, or take any action which may interfere
with, impair, subvert, disrupt, or alter the relationship, contractual or otherwise, between the Company and any current or prospective
customer, supplier, distributor, agent, contractor, developer, service provider, licensor, or licensee or other material business
relation of the Company, (2) divert or take away the business or patronage (with respect to products or services of the kind or
type developed, produced, marketed, furnished, or sold by the Company) of any of the clients, customers, or accounts, or prospective
clients, customers, or accounts, of the Company or (3) attempt to do any of the foregoing, either for Employee’s own purposes
or for any other third party.

 

(b)              
During the Restricted Period, Employee will not, and will cause his or her affiliates not to, directly or indirectly, through
or in association with any third party (1) solicit, induce, recruit, or encourage any employees or independent contractors of
or consultants to the Company to terminate their relationship with the Company or take away or hire such employees, independent
contractors, or consultants or (2) attempt to do any of the foregoing, either for Employee’s own purposes or for any other
third party.

 

7.            Nondisclosure and Nonuse of Confidential Information.

 

7.1             
Employee acknowledges that (i) the Confidential Information (as hereafter defined) is a valuable, special, and unique asset of
the Company, the unauthorized disclosure or use of which could cause substantial injury and loss of profits and goodwill to the
Company; (ii) Employee is in a position of trust and subject to a duty of loyalty to the Company, and (iii) by reason of his or
her employment and service to the Company, Employee will have access to the Confidential Information Employee, therefore, acknowledges
that it is in the Company’s legitimate business interest to market Employee’s disclosure or use of Confidential Information
for any purpose other than in connection with Employee’s performance of Employee’s duties for the Company, and to
limit any potential misappropriation of such Confidential Information by Employee.

     

    Page 6

    

7.2             
Employee will not disclose or use at any time, either during the Term or thereafter, any Confidential Information (as hereinafter
defined) of which Employee is or becomes aware, whether or not such information is developed by him or her, except to the extent
that such disclosure or use is directly related to and required by Employee’s performance in good faith of duties assigned
to Employee by the Company or has been expressly authorized by the Board; provided, however, that this sentence shall not be deemed
to prohibit Employee from complying with any subpoena, order, judgment, or decree of a court or governmental or regulatory agency
of competent jurisdiction (an “Order”); provided, further, however,
that (i) Employee agrees to provide the Company with prompt written notice of any such Order and to assist the Company, at the
Company’s expense, in asserting any legal challenges to or appeals of such Order that the Company in its sole discretion
pursues, and (ii) in complying with any such Order, Employee shall limit his or her disclosure only to the Confidential Information
that is expressly required to be disclosed by such Order. Employee will take all appropriate stops to safeguard Confidential Information
and to protect it against disclosure, misuse, espionage, loss, and that Employee shall deliver to the Company at the Termination
Date, or at any time the Company may request, all memoranda, notes, plan, records, reports, electronic information, files and
software, and other documents and data (and copies thereof) relating to the Confidential Information or the Work Product (as hereinafter
defined) of the business of the Company which Employee may that possess or have under his or her control.

 

7.3             
As used in this Agreement, the term “Confidential Information” mean
information that is not generally known to the public (including the existence and contents of this Agreement) and that is used,
developed, or obtained by the Company in connection with its business, including, but not limited to, information, observations,
and data obtained by Employee while employed by the Company or any predecessors thereof (including those obtained prior to the
date of this Agreement) concerning (i) the business or affairs of the Company (or such predecessors), products or services, (ii)
fees, costs and pricing structures, (iii) designs, (v) analyses, (vi) drawing, photographs and reports, (vii) computer software
and hardware, including operating systems, applications and program listings, (viii) flow charts, manuals and documentation, (ix)
databases and data, (x) accounting and business methods, (xi) inventions, devices, new developments, methods, and processes, whether
patented, patentable or unpatentable and whether or not reduced to practice in any form or derivation, (xii) customers and clients
(and all information with respect to such persons) and customer or client lists, (xiii) suppliers (and all information with respect
to such persons) or supplier list, (xiv) other copyrightable work; (xv) all production methods, processes, technology, and trade
secrets, and (xvi) all similar and related information in whatever form. Confidential Information will not include any information
that has been published in a form generally available to the public prior to the date Employee proposes to disclose or use such
information. Confidential Information will not be deemed to have been published merely because individual portions of the information
have been separately published, but only if all material features comprising such information have been published in combination.

     

    Page 7

    

8.            Property: Inventions and Patents.

 

8.1             
Property. Employee agrees that all inventions, innovations, improvements, technical information, systems, software,
developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos, products, equipment,
and all similar or related information and materials (whether patentable or unpatentable) (collectively, “Inventions”)
which relate to the Company’s actual or anticipated business, research and development, or existing or future products or
services and which are conceived, developed, or made by Employee or any other employee or person at his direction, advice or assistance
(whether during usual business hours and whether alone or in conjunction with any other person) while employed (and for the Restricted
Period if and to the extent such Inventions result from any work performed for the Company, any use of the Company’s premises
or property or any use of the Company’s Confidential Information) by the Company (including those conceived, developed, or
made prior to the date of this Agreement) together with all patent applications, letters patent, trademark, brands, tradename
and service marks, or applications or registrations, copyrights, and reissues thereof that may be granted for or upon any of the
foregoing (collectively referred to herein as, the “Work Product”), belong in all instances to the Company.
Employee will promptly disclose such Work Produce to the Company and perform all actions reasonably requested by the Company (whether
during or after the Term) to establish and confirm the Company’s ownership of such Work Product (including without limitation,
the execution and delivery of assignments, consents, powers of attorney, and other instruments) and to provide reasonable assistance
to the Company (whether during or after the Term) in connection with the prosecution of any applications for patents, trademarks,
brands, trade names, service marks, or reissues thereof or in the prosecution or defense of interferences relating to any Work
Product. Employee recognizes and agrees that the Work Product, to the extent copyrightable, constitutes works for hire under the
copyright laws of the United Statas and that to the extent Work Product constitutes works for hire, the Work Product is the exclusive
property of the Company, and all right, title, and interest in the Work Product vests in the Company. To the extent Work Product
is not works for hire, the Work Product, and all of Employee’s right, title and interest in Work Product, including without
limitation every priority right, is hereby assigned to the Company.

 

8.2             
Cooperation. Employee shall, during the Term and at any time thereafter, assist and cooperate fully with the Company
in obtaining for the Company the grant of letters patent, copyrights, and any other intellectual property rights relating to the
Work Product in the United States and/or such other countries as the Company may designate. With respect to Work Product, Employee
shall, during the Term and at any time thereafter, execute all applications, statements, instruments of transfer, assignment,
conveyance or confirmation, or other documents, furnish all such information to the Company and take all such other appropriate
lawful actions as the Company requests that are necessary to establish the Company’s ownership of such Work Product. Employee
will not assert or make a claim of ownership of any Work Product, and Employee will not file any applications for patents a copyright
or trademark registration relating to any Work Product.

 

8.3             
No Designation as Inventor: Waiver of Moral Rights. Employee agrees the Company shall not be required to designate
Employee as the inventor or author of any Work Product. Employee hereby irrevocably and unconditionally waives and releases, to
the extent permitted by applicable law, all of Employee’s rights to such designation and any rights concerning future modifications
to any Work Product. To the extent permitted by applicable law, Employee hereby waives all claims to moral rights in and to any
Work Product.

     

    Page 8

    

8.4             
Pre-Existing and Third-Party Materials. Employee will not, in the course of employment with the Company, incorporate
into or in any way use in creating any Work Product any pre-existing invention, improvement, development, concept, discovery,
works, or other proprietary right or information owned by Employee or in which Employee has an interest without the Company’s
prior written permission. Employee hereby grants the Company a nonexclusive, royalty-free, fully-paid, perpetual, irrevocable,
sublicensable, worldwide license to make, have made, modify, use, sell, copy, and distribute, and to use or exploit in any way
and in any median, whether or not now known or existing, such item as part of or in connection with such Work Product. Employee
will not incorporate any invention, improvement, development, concept, discovery, intellectual property, or other proprietary
information owned by any party other than Employee into any Work Product without the Company’s prior written permission.

 

8.5             
Attorney-in-Fact. Employee hereby irrevocably designates and appoints the Company and its duly authorized officers
and agents as Employee’s agent and attorney-in-fact, to act for and on Employee’s behalf to execute and file any such
applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyright, trademark,
and mask work registrations with the same legal force and effect as if executed by Employee, if the Company is unable because
of Employee’s unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure Employee’s
signature for the purpose of applying for or pursuing any application for any United States or foreign patents or mask work or
copyright or trademark registrations covering the Work Product owned by the Company pursuant to this Section.

 

9.            Enforcement. Because Employee’s services are special, unique, and extraordinary and because Employee has access
to Confidential Information and Work Product, the Parties hereto agree that money damages would be an inadequate remedy for any
breach of this Agreement. Therefore, in the event of a breach or threatened breach of this Agreement, the Company, or any of its
successors or assigns may, in addition to other rights and remedies existing in their favor at law or in equity, apply to any
court of competent jurisdiction for specific performance and/or injuncture or other relief in order to enforce, or prevent any
violations of, the provisions hereof (without posting a bond or other security).

 

10.          Non-Disparagement. Employee agrees that, during the Term and at any time thereafter, he or she will not make, or cause
to be made, any statement, observation, or opinion, or communicate any information (whether oral or written), to any person other
than senior management or a member of the Board, that disparages the Company or is likely in any way to have the business or the
reputation of the Company, or any of its former, present, or future managers, directors, officers, members stockholders, employees,
agents, contractors, and suppliers.

 

11.          Assurances by Employee. Employee represents and warrants to the Company that he or she may enter into and fully perform
all of his or her obligations under this Agreement and as an employee of the Company without breaching, violating, or conflicting
with (i) any judgment, order, writ, decree, or injunction of any court, arbitrator, government agency, or other tribunal that
applies to Employee or (ii) any agreement, contracts, obligation, or understanding to which Employee is a party or may be bound.

 

12.          Termination or Repayment of Severance Payments. In addition to the foregoing, and not in any way in limitation thereof,
or in limitation of any right or remedy otherwise available to the Company, if Employee violates any provision of this Agreement,
any obligation of the Company to pay Severance Payments shall be terminated and of no further force or effect, and Employee shall
promptly repay to the Company any Severance Payments previously made to Employee, in each case, without limiting or affecting
Employee’s obligations under this Agreement the Company’s other rights and remedies available at law or equity.

     

    Page 9

    

13.          Notice. Except as otherwise specifically provided herein, any notice, consent, demand, or other communication to be
given under or in connection with this Agreement shall be in writing and shall be deemed duly given when delivered personally,
when transmitted by facsimile transmission, one day after being deposited with Federal Express or other nationally recognized
overnight delivery service, or three days after being mailed by first class mail, charges or postage prepaid, properly addressed,
if to the Company, at its principal office, and, if to Employee, at his or her address set forth following his or her signature
below. Either party may change such address from time to time by notice to the other.

 

14.          Governing Law: Arbitration. This Agreement shall be governed by and construed and interpreted in accordance with the
laws of the State of South Carolina, without giving effect to any choice of law rules or other conflicting provision or rule that
would cause the laws of any jurisdiction to be applied: provided, however, that the following provisions shall be governed by
the Federal Arbitration Act:

 

14.1         
Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, in
accordance with the rules of the American Arbitration Association for employment disputes as then in effect. For the avoidance
of doubt, it is understood and agreed that this Agreement to arbitrate includes any and all claim and disputes, including, without
limitation, as to arbitrability, with respect to Employee’s employment with the Company or the termination of such employment,
including, without limitation any claim for alleged discrimination, harassment, or retaliation under on the basis of race, sex,
color, national origin, sexual orientation, age, religion, creed, marital status, veteran status, alienage, citizenship, disability
or handicap, or any other legally protected status, and any alleged violation of any federal, state, or other governmental law,
statute or regulation, including, but not limited to, any alleged violation of Title VII of the Civil Rights Act of 1964, other
civil rights statutes including, without limitation, 42 U.S.C. § 1981, 42 U.S.C. § 1982, and 42 U.S.C. § 1985,
the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Worker Adjustment
and Retraining Notification Act, the Employee Retirement Income Security Act, the Fair Labor Standards Act, the Occupational Safety
and Health Act, the Immigration Reform and Control Act, the Sarbanes-Oxley Act, or any state or local law, statute or regulation,
as such statutes, laws, and regulations are amended. Judgment may be entered on the arbitrator’s award in any court having
jurisdiction.

 

14.2         
The arbitration hearing shall commence within ninety (90) calendar days after the arbitrator is selected, unless Company and Employee
mutually agree to extend this time period. The arbitration shall take place in the Greenville, South Carolina metropolitan area
The arbitrator will have full power to give directions and make such order as the arbitrator deems just, and to award all remedies
that would be available in court. Nonetheless, the arbitrator explicitly shall not have the authority, power, or right to alter,
change, amend, modify, add, or subtract from any provision of this Agreement. The arbitrator shall issue a written decision that
sets forth the essential findings and conclusions upon which the arbitrator’s award or decision is based within thirty (30)
days after the conclusion of the arbitration hearing. The award rendered by the arbitrator shall be final and binding (absent
fraud or manifest error), and any arbitration award may be enforced by judgment entered or vacated in any court of competent jurisdiction.

 

14.3         
In the event of any contest or dispute relating to this Agreement or the termination of Employee’s employment hereunder,
the prevailing party shall be awarded all fees, costs and expenses incurred in such action.

     

    Page 10

    

15.          Amendments; Waivers. This Agreement may not be modified or amended or terminated except by an instrument in writing,
signed by Employee and a duly-authorized representative of the Company (other than Employee). By an instrument in writing similarly
executed (and not by any other means), either party may waive compliance by the other party with any provision of this Agreement
that such other party was or is obligated to comply with or perform; provided, however, that such waiver shall not operate as
a waiver of, or estoppel with respect to any other or subsequent failure. No failure to exercise and no delay in exercising any
right, remedy, or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
or power hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, or power provided
herein or by law or in equity. To be effective, any written waiver must specifically refer to the condition(s) or provision(s)
of this Agreement being waived.

 

16.          Inconsistencies. ln the event of any inconsistency between any provision of this Agreement and any provision of any
Company arrangement, the provision of this Agreement shall control, unless Employee and the Company otherwise are in a writing
that expressly refers to the provision of this Agreement that is being waived.

 

17.          Assignment. This Agreement is personal to Employee and without the prior written consent of the Company shall not be
assignable by Employee. The obligations of Employee hereunder shall be binding upon Employee’s heirs, administrators, executors,
assigns, and other legal representatives. This Agreement shall be binding upon and shall inure to the benefit of and be enforceable
by the Company’s successors and assigns.

 

18.          Voluntary Execution: Representations. Employee acknowledges that (a) he or she has consulted with or has had the opportunity
to consult with independent counsel of his or her own choosing concerning this Agreement and has been advised to do so by the
Company, and (b) he or sir has read and understands this Agreement, is competent and of sound mind to execute this Agreement is
rally aware of the legal effect of this Agreement, and has entered into it freely based on his or her own judgment and without
duress.

 

19.          Headings. The headings of the Sections and subsections contained in this Agreement are for convenience only and shall
not be deemed to control or affect the meaning or construction of any provision of this Agreement.

 

20.          Construction. The language used in this Agreement shall be deemed to be the language chosen by the Parties to express
their mutual intent, and no role of strict construction shall be applied against any party.

 

21.          Beneficiaries/References. Employee shall be entitled, to the extent permitted under applicable law, to select and change
a beneficiary or beneficiaries to receive my compensation or benefit hereunder following Employee’s death by giving written
notice thereof. In the event of Employee’s death or a judicial determination of his or her incompetence, references in this
Agreement to Employee shall be deemed, where appropriate, to refer to his or her beneficiary, estate, of other legal representative.

 

22.          Survivorship. Except as otherwise set forth in this Agreement, the respective rights and obligations of the Parties
shall survive any termination of Employee’s employment.

     

    Page 11

    

23.          Severability. It is the desire and intent of the Parties hereto that the provisions of this Agreement be enforced to
the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.
Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction or arbitrator
to be invalid, prohibited, or unenforceable for any reason, such provision, as to such jurisdiction, shall be effective, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited,
or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

 

24.          Right of Set Off. In the event of a breach by Employee of the provisions of this Agreement, the Company is hereby authorized
at any time and from time to time, to the fullest extent permitted by law, and after five (5) days prior written notice to Employee,
to set off and apply any and all amounts at any time held by the Company on behalf of Employee and all indebtedness at any time
owing by the Company to Employee against any and all of the obligations of Employee now or hereafter existing.

 

25.          Authority. Employee represents and warrants that he/she is fully authorized, and not otherwise prevented from accepting
this engagement based upon contract, statute, regulation or treaty. In this regard, Employee represents that he/she is not a “denied
person” under the U.S. Department of Commerce Bureau of Industry and Security, State Department Directorate of Defense Trade
Controls, possesses all civil rights and is in compliance with laws enforced by the U.S. Bureau of Alcohol, Tobacco, Firearms
and Explosives such that he/she may handle ammunition and weapons consistent with state and federal law, all of which Employee
recognizes are integral aspects to the scope of service to the provided herein. Employee warrants and agrees that he/she will
immediately advise the Company at any time the above representations are warranties are untrue, or in the event Employee becomes
aware of any investigation being considered or undertaken concerning Employee or the Company as concerns the representations set
forth in this Section 25.

 

26.          Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original,
but all such counterparts shall together constitutes one and the same instruments. Signatures delivered by facsimile or PDF shall
be effective for all purposes.

 

27.          Entire Agreement. This Agreement contains the entire agreement of the Parties and supersedes a prior or contemporaneous
negotiations, correspondence, understandings and agreements between the Parties, regarding the subject matter of this Agreement.

 

	ADAMAS ONE CORP.
	 	 	 
	By:	/s/ J. Grdina	 
	Name: J. Grdina	 
	 Its: CEO/Chairman	 
	 	 
	EMPLOYEE:	 
	 	 
	By:	/s/ Gerald
    McGuire	 
	Name: Gerald McGuire	 

     

    Page 12

    

Exhibit
“A”

 

Employment
Agreement

 

Job
Description/Duties & Responsibilities

 

TBD

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