Document:

Exhibit
10.1

 

 

February
11, 2022

 

Craig
Hewitt

893
Summer Sound Road

Piney
Flats, TN 37686

E-Mail:
craighewitt2020@gmail.com

 

	Re:	Confidential
    Employment Offer Letter &
	 	Summary
    of Terms & Conditions (“Offer Letter”)

 

Dear
Craig,

 

Subject
to board approval by the Board of Directors of American International Holdings Corp (“AMIH” or the “Company”),
I am pleased to offer you the title and position of Chief Financial Officer. This will be a full-time position and you
will be reporting to the Company’s Chief Executive Officer, unless otherwise directed by the Company’s CEO.

 

The
official start day shall be the day following the filing of the Company’s Form 10-K and will encompass an “Initial
Period” that concludes upon the Company’s successful uplisting onto a national exchange (NASDQ or NYSE).

 

Your
monthly base salary during the Initial Period shall be $4,000/per month, paid in the prevailing pay cycle as monthly, or bi- monthly,
per your convenience. After the Initial Period, your annual Base Salary will be increased to $120,000.00. Additionally,
you will be eligible to participate in other performance base incentives, benefits, employee stock option plans. Please note that once
the Company has formally set into place its benefits program, you will be eligible to participate in the same, according to the respective
policy.

 

Scope,
Role & Responsibilities:

 

You
shall by employed by the Company and will be a key member of the management team, wherein your primary responsibility encompasses the
following key roles and responsibilities:

 

	 	●	Create,
    coordinate, and evaluate the financial programs and supporting information systems of the Company to include budgeting, tax planning,
    and conservation of assets.
	 	●	Assist
    the Company by providing all information necessary in connection with the Company’s uplisting to the Nasdaq
	 	●	Create
    investment related documentation (Private Placement Memorandums, Term Sheets, financial projections and pro-forma, etc....)
    and present to prospective investors for both debt and equity financings.
	 	●	Develop
    an organizational chart and layout for the Company for both the short- and long-term goals.

 

 

    	 

    	 

    

 

 

	 	●	Assist
    in the hiring and development of key individuals across the Company and its subsidiaries.
	 	●	Direct
    financial audits and provide recommendations for procedural improvements.
	 	●	Coordinate
    efforts with corporate counsel for all SEC related filings (Press Releases, 8k’s, 10Q’s and 10K’s) and other general
    legal documents and agreements.
	 	●	Coordinate
    with the Company’s Transfer Agent for transfers and issuances of shares.
	 	●	Approve
    and coordinate changes and improvements in automated financial and management information systems for the company.
	 	●	Ensure
    compliance with local, state, and federal budgetary reporting requirements.
	 	●	Coordinate
    the preparation of financial statements, financial reports, tax returns, special analyses, and information reports.
	 	●	Develop
    and implement finance, accounting, billing, and auditing procedures.
	 	●	Establish
    and maintain appropriate internal control safeguards.
	 	●	Interact
    with other managers to provide consultative support to planning initiatives through financial and management information analyses,
    reports, and recommendations.
	 	●	Ensure
    records systems are maintained in accordance with generally accepted auditing standards.
	 	●	Develop
    and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
	 	●	Review,
    analyze, and structure all potential M&A activity for the Company
	 	●	Assist
    in obtaining the necessary licenses and insurance required to start a business.
	 	●	Analyze
    cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
	 	●	Establish
    and implement short and long-range departmental goals, objectives, policies, and operating procedures.
	 	●	Serve
    on planning and policy-making committees.
	 	●	Represent
    the company externally to media, government agencies, funding agencies, and the general public.

 

Miscellaneous
Items:

 

(a)
It is anticipated that there may be follow-on documents associated with the terms, components and obligations that will require your
signature,

(b)
the contents herein are considered confidential and highly sensitive ,

(c)
by your signature below, you are indicating that you’ve accepted these terms and agree to enter into any follow-on documents, including
the Employee Handbook that may be required by AMIH and AMIH shall provide you with all resources and office supplies to accomplish requested
tasks and acknowledges that work may be performed both at your home base or at an office provided by AMIH, and (d) It is understood that
during the Initial Period you will be working remotely at your home office in Tennessee and that traveling may be required, both to the
Company’s headquarters in Dallas, TX and for various meetings and events as required. Upon the Company’s successful uplisting
onto the Nasdaq and following the Initial Period, it may be required for you to relocate to the Dallas/Fort Worth area in order to meet
the daily requirements of the position.

 

 

    	 

    	 

    

 

 

Confidentiality:

 

All
client information connected to AMIH, and its subsidiaries, are considered confidential and shall not be shared with others. You will
also be required to complete and execute a separate Confidentiality and Non-Disclosure Agreement as part of this Offer Letter.

 

If
you are in agreement with the terms and conditions of this Offer Letter, please accept by affixing your signature below. Thank you and
I look forward to working with you on this special projects.

 

	 	Sincerely
    yours,	 	 
	 	 	 	 
	 	 	 	 
	 	Jacob
    D. Cohen	 	Craig
    Hewitt
	 	President
    and CEODocument

Exhibit 4.1

WEATHERFORD INTERNATIONAL PUBLIC LIMITED COMPANY
DESCRIPTION OF SECURITIES

The following description of the ordinary shares of Weatherford International plc (the “Ordinary Shares”) is a summary. The complete text of our Amended and Restated Memorandum and Articles of Association (the “Articles”), which sets forth further detail as to the rights of holders of our Ordinary Shares, have been filed as exhibits to our periodic reports filed with the SEC, and each are incorporated by reference as exhibits to this registration statement.

Authorized Share Capital

Our authorized share capital is $1,356,000 divided into 1,356,000,000 Ordinary Shares of $0.001 each.

Voting Rights

Each holder of our Ordinary Shares is entitled to one vote for each Ordinary Share registered in his or her name in the register of members (shareholders). A person must be entered on the register by the record date specified for a general meeting in order to vote, and any change to an entry on the register after such record date shall be disregarded in determining the right of any person to attend and vote at the meeting.

Every holder of our Ordinary Shares entitled to attend, speak and vote at a general meeting may appoint a proxy to attend, speak and vote on his or her behalf and may appoint more than one proxy to attend, speak and vote at the same meeting.

General Meetings

We are required to hold an annual general meeting (“Annual General Meeting”) in each calendar year at intervals of no more than 15 months from our previous Annual General Meeting and no more than nine months after our fiscal year-end. There is no legal requirement to hold general meetings in Ireland, except that where a general meeting of shareholders is held outside Ireland, the Company has a duty to make arrangements for shareholders of record to participate at the meeting by technological means without leaving Ireland. No business shall be transacted at any general meeting unless a quorum is present, which requires representation of more than 50% of the total voting rights attaching to our Ordinary Shares. Abstentions and broker non-votes are counted for the purposes of determining whether there is a quorum.

Director Elections

Directors may be appointed by our shareholders at the Annual General Meeting or at any extraordinary general meeting called for that purpose and by our Board in accordance with our Articles.

Each of our directors shall (unless his or her office is earlier vacated in accordance with our Articles) serve for a one-year term concluding on the later of (i) the Annual General Meeting after such director was last appointed or re-appointed and (y) the date his or her successor is elected and qualified.

Any director retiring at an Annual General Meeting will be eligible for re-appointment.

Each director shall be elected by a simple majority of the votes cast, in person or by proxy, at a general meeting of shareholders (referred to under Irish law as an ordinary resolution), provided that, if the number of director nominees exceeds the number of directors to be elected (a “contested election”), each of those nominees shall be voted upon as a separate resolution and the directors shall be elected by a plurality of the votes cast, in person or represented by proxy, at such meeting and entitled to vote on the election of directors.

Under our Articles, in an uncontested election (where the number of director nominees does not exceed the number of directors to be elected), any nominee for election to the Board who is then serving as a director and who receives a greater number of “against” votes than “for” votes shall promptly tender his or her resignation following certification of the vote. The Board (excluding the director who has so tendered his or her resignation) is then obliged to consider the resignation offer and decide whether to accept or reject the resignation, or whether other action should be taken.

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Issuance of Ordinary Shares

We may allot (issue) Ordinary Shares subject to the maximum authorized share capital contained in our Articles. The authorized maximum may be increased or reduced by an ordinary resolution of shareholders. We may from time to time issue Ordinary Shares with such preferred or deferred or other special rights or such restrictions, whether in regard to dividend, voting, return of capital or otherwise, as determined by an ordinary resolution of the shareholders.

Under Irish law, our Board may issue new Ordinary Shares having the rights provided for in our Articles without shareholder approval once authorized to do so by the Articles or by an ordinary resolution adopted by the shareholders at a general meeting, subject at all times to the maximum authorized share capital. The authorization may be granted for a maximum period of five years, at which point it must be renewed by the shareholders by an ordinary resolution. We have been authorized in our Articles to issue new Ordinary Shares without shareholder approval for a period of five years ending December 9, 2024, up to an aggregate nominal value of $170,000 (170,000,000 Ordinary Shares) as follows:

•up to $83,000 (83,000,000 Ordinary Shares), together with any Ordinary Shares authorized for allotment pursuant to the authority detailed in the bullet point immediately below relating to our bankruptcy that were not allotted (or otherwise counted for the purposes of that authority), which may be allotted as our directors see fit; and

•up to $87,000 (87,000,000 Ordinary Shares) for the purposes of allotting relevant securities contemplated in (i) the examiner’s scheme of arrangement under Part 10 of the Irish Companies Act approved by the Irish High Court on December 12, 2019 and (ii) the provisional liquidator’s scheme of arrangement in respect of Weatherford International Ltd. pursuant to the Companies Act 1981 of Bermuda.

Preemption Rights, Share Warrants and Options

Under Irish law, certain statutory preemption rights apply automatically in favor of shareholders when shares are to be issued for cash. As permitted under Irish law, we opted-out of these preemption rights in our Articles adopted at the time of emergence from bankruptcy in respect of the 170,000,000 Ordinary Shares our directors were authorized to allot pursuant to the allotment authority referenced above. Irish law requires this opt-out to be renewed at least every five years by a qualified 75% majority of the votes cast, in person or by proxy, at a general meeting of our shareholders at which a quorum is present (referred to under Irish law as a special resolution). A special resolution of the shareholders is also required for any increase in the number of shares covered by the opt-out. If the opt-out is not renewed, shares to be issued for cash must be offered to our existing shareholders on a pro rata basis to their existing shareholding before the shares may be issued to any new shareholders.

Statutory preemption rights do not apply: (i) where shares are issued for non-cash consideration (such as in a stock-for-stock acquisition), (ii) to the issue of non-equity shares (that is, shares that have the right to participate only up to a specified amount in any income or capital distribution) or (iii) where shares are issued pursuant to employee equity compensation plans.

Our Articles provide that, subject to the provisions contained therein relating to the allotment of new shares and the Irish Companies Act, our directors may allot, grant options over or otherwise dispose of them to such persons, on such terms and conditions and at such times as they may consider to be in the best interests of the Company and its shareholders.

Dividends

Holders of Ordinary Shares are entitled to receive dividends which may be declared (i) at a general meeting of shareholders upon the recommendation of the Board or (ii) by the Board in such amount as appear to the directors to be justified by our profits, subject to applicable law.

Liquidation

Subject to the provisions of the Irish Companies Act as to preferential payments, upon winding up, our property shall be distributed among the members according to their rights and interests.

Listing

Our Ordinary Shares are currently trading on The Nasdaq Global Market under the ticker symbol “WFRD”.
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