Document:

EX-10.31

 Exhibit 10.31 

[Execution Copy] 
 EMPLOYMENT
AGREEMENT 
 (Ernest M. Freedman) 

EMPLOYMENT AGREEMENT (the “Agreement”) dated September 4, 2015 (the “Effective Date”) by and between
THR Property Management L.P. (the “Company”) and Ernest M. Freedman (“Executive”). 
 The Company desires
to employ Executive, or cause Executive to be employed by Invitation Homes L.P., an affiliate of the Company (“IH”) and to enter into an agreement embodying the terms of such employment; 

Executive desires to accept such employment and enter into such an agreement; 

In consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows: 

1. Term of Employment. Subject to the provisions of Section 5 of this Agreement, Executive shall be employed by the Company as soon
as reasonably possible but no later than October 26, 2015 (the “Start Date”) and ending on the third anniversary of the Effective Date (the “Employment Term”) on the terms and subject to the conditions set
forth in this Agreement; provided, however, the Employment Term shall be automatically extended for an additional one-year period commencing with the third anniversary of the Effective Date and, thereafter, on each such successive
anniversary of the Effective Date thereafter (each an “Extension Date”), unless the Company or Executive provides the other party hereto 60 days prior written notice before the next Extension Date that the Employment Term shall not
be so extended (a “Notice of Non-Renewal”). 
 2. Position, Duties and Authority. 

(a) Position. During the Employment Term, Executive shall serve as the Company’s Chief Financial Officer and an Executive Vice
President of the Company. In such positions, Executive shall report directly to the Chief Executive Officer of the Company and shall have such duties as are reasonably requested by the Chief Executive Officer and the Board of Directors of the
Company (the “Board”), consistent with duties customarily performed by a Chief Financial Officer and an Executive Vice President. The positions of Chief Financial Officer and Executive Vice President shall be located at the
IH’s national headquarters in Dallas, Texas. 
 (b) Duties and Authority. During the Employment Term, Executive devote his full
business time and reasonable best efforts to the business and affairs of the Company to perform Executive’s duties and will not engage in any other business, profession or occupation for compensation or otherwise which would unreasonably
conflict or unreasonably interfere with the rendition of such services either directly or indirectly; provided that nothing herein shall preclude Executive from (i) managing personal and family investments, (ii) subject to the prior
approval of the Board (such approval not to be unreasonably withheld), accepting appointment to serve on any board of directors or trustees of any business corporation, or (iii) serving as an officer or director or otherwise participating in
non-profit educational, welfare, social, religious and civil organizations; provided, however, that any such activities do not materially conflict or materially interfere with the performance and fulfillment of the Executive’s duties and
responsibilities as an executive or director of the Company in accordance with this Agreement or conflict with Section 6. 

 3. Compensation. 

(a) Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at an
annual rate of $500,000 and payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s Base Salary, if any, as may be determined from time to time
in the sole discretion of the Board. 
 (b) Annual Bonus. 

        (i) During each fiscal year of the Employment Term, Executive shall be eligible
to earn an annual bonus award (an “Annual Bonus”) with a target amount equal to 150% of then-current Base Salary, with no Annual Bonus payable if minimum performance objectives are not achieved, and the actual amount determined
based on the extent to which performance objectives are achieved, in the sole discretion of the Board. Performance objectives shall consist of Company-wide performance goals and individual performance goals, to be mutually agreed to by the Board and
the Executive, and shall be established by the Board and clearly communicated to Executive no later than March 31 of the calendar year to which they relate. Notwithstanding the foregoing, Executive’s actual Annual Bonus paid in respect of
the 2015 fiscal year shall be no less than $400,000, paid in 2016 at such time annual performance bonuses are paid to other senior executives of the Company but in no event later than March 31, 2016 (and regardless of whether any such bonuses
are paid to such other senior executives). 
         (ii) Without limiting the
applicability of any provision of Section 5 hereof, no Annual Bonus shall be payable in respect of any fiscal year in which Executive’s employment is terminated, unless otherwise determined by the Board in its sole discretion. 

(c) Equity Arrangements. 

        (i) Initial Equity Grants. Subject to, and contingent upon the
occurrence of the Start Date, the Company will cause the Promote Entities (as defined below) to issue equity incentive awards (the “Initial Equity Grants”) to Executive in each of the promote pools that comprise the Company’s
equity incentive program as of the Start Date (the “Existing Promote Entities” and, together with any subsequent promote pools, collectively, the “Incentive Plan”). The Initial Equity Grants, taken together with
Executive’s subsequent grants under the Incentive Plan (collectively, the “Equity Grants”), shall have a target aggregate exit value equal to approximately $5,000,000, provided, that the Initial

  
 2 

 
Equity Grants shall include grants of Class B Units in each of the following Promote Entities: 
  

					
	Promote Entity	  	Class B Units	 
	 Invitation Homes L.P.
	  	 	70.0	  
	 Invitation Homes 2-A L.P.
	  	 	100.0	  
	 Preeminent Parent L.P.
	  	 	100.0	  
	 Invitation Homes 3 L.P.
	  	 	100.0	  
	 Invitation Homes 4 L.P.
	  	 	100.0	  

         (ii) Additional Equity Grants. The
Company will cause each of Invitation Homes 5 L.P. and Invitation Homes 6 L.P. to issue 750.0 Class B Units to Executive at such time as other grants of Class B Units of any such Promote Entity are issued to other senior executives of the Company.

         (iii) The Initial Equity Grant and any other equity grants under the
Incentive Plan shall be on terms substantially similar to other senior executives of the Company and pursuant to the definitive documentation provided to Executive in connection with entering into this Agreement (the “Equity Grant
Agreements”). The “Promote Entities” shall mean the direct or indirect owners of real estate assets managed or serviced by the Company and its affiliates. 

4. Benefits. 
 (a)
Employee Benefits. During the Employment Term, after sixty (60) days of employment, Executive shall be entitled to participate in the Company’s and IH’s employee benefit plans (other than annual bonus and incentive plans and
severance plans, the benefits for which will be determined instead in accordance with this Agreement) as in effect from time to time, including medical benefits (collectively “Employee Benefits”), on the same basis as those benefits
are generally made available to other senior executives of the Company. 
 (b) Relocation. The Company shall reimburse reasonable
costs of relocation of Executive (and his family) to the Dallas, Texas metropolitan area in accordance with IH’s Relocation Assistance Policy, including (i) reimbursement of reasonable and customary closing costs associated with the sale
of your current primary residence, including real estate commissions in an amount equal to up to 6% of sale price, and (ii) reimbursement of reasonable and customary purchase costs with respect to Executive’s primary residence in the
Dallas, Texas metropolitan area, up to an amount equal to 3% of the purchase price. 
 (c) Other Benefits. Executive will accrue Paid
Time Off (PTO) in accordance with the policy set forth in the Company’s Associate Handbook, at a rate which is currently 200 hours per year. During the Employment Term, the Company shall reimburse Executive for reasonable and necessary business
expenses incurred by Executive in the performance of Executive’s duties hereunder in accordance with its then prevailing policy for senior executives (which shall include appropriate itemization and substantiation of expenses incurred). 

  
 3 

 5. Termination. The Employment Term and Executive’s employment hereunder may be
terminated by either party at any time and for any reason, provided that Executive and the Company will be required to give each other at least 60 days’ advance written notice of any termination or resignation of Executive’s employment
(other than as a result of a termination for Cause or Constructive Termination), and provided, further, that the Company may provide 60 days of Base Salary in lieu of such notice. Notwithstanding any other provision of this Agreement and except as
provided by applicable law, the provisions of this Section 5 and the Equity Grant Agreements shall exclusively govern Executive’s rights to payments upon termination of employment with the Company and its affiliates. 

(a) By the Company For Cause or By Executive Other Than as a Result of a Constructive Termination. 

        (i) The Employment Term and Executive’s employment hereunder (x) may
be terminated by the Company for Cause (as defined below) and (y) shall terminate automatically upon the effective date of Executive’s resignation other than as a result of a Constructive Termination (as defined in Section 5(c)(ii)).

         (ii) For purposes of this Agreement, “Cause” shall mean
(1) Executive’s continued and willful non-performance of Executive’s duties hereunder (other than as a result of total or partial incapacity due to physical or mental illness), which failure is not cured for a period of 10 days
following written notice by the Company to Executive describing such failure in reasonable detail, (2) Executive’s willful malfeasance or willful misconduct in connection with Executive’s duties hereunder, (3) Executive’s
theft or embezzlement of Company property (unless such theft or embezzlement is de minimis in value), (4) Executive’s indictment for any felony under the laws of the United States or any state thereof (other than a vehicular related
felony), (5) Executive’s breach of Section 6, or (6) Executive’s material or willful breach of Section 7 of this Agreement (such breach, a “Material Confidentiality Breach”). 

        (iii) If Executive’s employment is terminated by the Company for Cause or
by Executive other than as a result of a Constructive Termination, Executive shall be entitled to receive “Accrued Rights” (collectively, the benefits set forth in subparagraphs (A) through (D)): 

(A) no later than ten (10) days following the date of termination, the then accrued Base Salary through the date of
termination; 
 (B) any Annual Bonus (if applicable) earned, but unpaid, as of the date of termination for the immediately
preceding fiscal year, paid in accordance with Section 3 (except to the extent payment is otherwise deferred pursuant to any applicable deferred compensation arrangement with the Company, in which case such payment shall be made in accordance
with the terms and conditions of such deferred compensation arrangement); 

  
 4 

 (C) reimbursement, within 60 days following receipt by the Company of
Executive’s claim for such reimbursement (including appropriate supporting documentation), for any unreimbursed business expenses properly incurred by Executive in accordance with Company policy prior to Executive’s termination;
provided that such claims for such reimbursement are submitted to the Company within 90 days following the date of Executive’s termination of employment; 

(D) such Employee Benefits, if any, to which Executive may be entitled under the employee benefit plans of the Company, payable
in accordance with the terms and conditions of such employee benefit plans; and 
 (E) If such termination of employment is
by Executive other than as a result of a Constructive Termination and such termination occurs both after a Dissolution and after the first anniversary of the Start Date, Executive will be entitled to receive a cash severance payment (the
“Severance Payment”), subject to Executive’s continued compliance with Section 6 hereof during the Restricted Period and Executive’s continued material compliance with Section 7 hereof during the Restricted
Period, on the 60th day following the date of termination in an amount determined as follows: 
  

	 	(1)	If the Equity Grant Value (as defined below) is less than the Minimum Equity Grant Value, then the Severance Payment shall be equal to the amount by which the Minimum Equity Grant Value exceeds the Equity Grant Value,
and the Company or one of its affiliates or a designee also shall (unless otherwise agreed by the Company and Executive) purchase, and Executive agrees to sell or cause to be sold, such vested Equity Grants at the Equity Grant Value (less all
proceeds previously received in respect of all Equity Grants), with such purchase to occur on a date selected by the Company but no later than six months and one day after the date of termination governed by this Section 5(c), or such later
date as is required to comply with any accounting principles such that the equity grants shall not be treated as a “liability award”. 

  

	 	(2)	If the Equity Grant Value is equal to or greater than the Minimum Equity Grant Value, then the Company shall cause the issuers of the Equity Grants to make an advance against future proceeds payable in respect of the
Equity Grants out of available profits within 60 days of the termination date equal to the Minimum Equity Grant Value, less all proceeds previously received in respect of all Equity Grants (and Executive shall retain the vested Equity Grants,
subject to the terms thereof). 

  
 5 

	 	(3)	For purposes of determining the Severance Payment, the “Equity Grant Value” is equal to the sum of (x) the fair value as of the date of termination (as reasonably determined by the Board) of the
vested portion of the Equity Grants (giving effect to any accelerated vesting in connection with the termination or otherwise) and (y) all proceeds previously received in respect of the Equity Grants; and “Minimum Equity Grant
Value” is equal to $3,500,000 

 Following such termination of Executive’s employment by the Company for Cause or
by Executive other than as a result of a Constructive Termination, except as set forth in this Section 5(a)(iii), Executive shall have no further rights to any compensation or any other benefits under this Agreement. 

(b) Disability or Death. 

        (i) The Employment Term and Executive’s employment hereunder shall
terminate upon Executive’s death and may be terminated by the Company if Executive becomes physically or mentally incapacitated and is therefore unable for an aggregate of twelve (12) months in any twenty-four (24) consecutive month
period to perform Executive’s duties (such incapacity is hereinafter referred to as “Disability”). Any question as to the existence of the Disability of Executive as to which Executive and the Company cannot agree shall be determined
in writing by a qualified independent physician mutually acceptable to Executive and the Company. If Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall
select a third physician who shall make such determination in writing. The determination of Disability made in writing to the Company and Executive shall be final and conclusive for all purposes of the Agreement. 

        (ii) Upon termination of Executive’s employment hereunder for either
Disability or death, Executive or Executive’s estate (as the case may be) shall be entitled to receive: 
 (A) The
Accrued Rights; 
 (B) If such termination for either Disability or death occurs after the first anniversary of the Start
Date, Severance Payment, in accordance with (and subject to all provisions of) Section 5(a)(iii)(E), except that in the event of death or disability a dissolution is not necessary to invoke Section 5(a)(iii)(E); and 

(C) Within 60 days of the applicable termination date, a pro rata portion (based on the number of days Executive is
employed during the year of termination) of the greater of (x) Executive’s target bonus for the year of termination and (y) Executive’s Annual Bonus for the year immediately preceding the year of termination. 

  
 6 

         (iii) Following Executive’s
termination of employment due to death or Disability, except as set forth in this Section 5(b), Executive shall have no further rights to any compensation or any other benefits under this Agreement. 

(c) By the Company Without Cause or Resignation by Executive as a Result of Constructive Termination. 

        (i) The Employment Term and Executive’s employment hereunder may be
terminated by the Company without Cause or by Executive as a result of a Constructive Termination. 

        (ii) For purposes of this Agreement, a “Constructive
Termination” shall mean any of the foregoing events: (A) a material reduction in Executive’s Base Salary or target bonus opportunity (as a percentage of Base Salary), except as provided by Section 3 above; (B) the
failure of the Company to pay or provide or cause to be paid or provided Executive’s Base Salary or Annual Bonus when due; (C) delivery by the Company to Executive of a Notice of Non-Renewal; (D) a material and sustained diminution in
Executive’s authority and duties; and/or (E) a relocation of Executive’s principal place of employment by more than 50 miles; provided that any event described in this Section 5(c)(ii) shall not constitute a Constructive
Termination unless the Company fails to cure such event within 10 days after receipt from Executive of written notice of the event which otherwise would constitute Constructive Termination; and provided, further, that
“Constructive Termination” shall cease to exist for an event on the 90th day following the later of its occurrence or Executive’s actual knowledge thereof, unless Executive has given the Board written notice thereof prior to such
date. 
         (iii) If Executive’s employment is terminated by the Company
without Cause (other than by reason of death or Disability, or in connection with a Dissolution (as defined below)) or Executive resigns as a result of a Constructive Termination, Executive shall be entitled to receive: 

(A) The Accrued Rights; 

(B) If Executive elects continuation of his medical and dental coverage under COBRA, Executive’s coverage and
participation under the Company’s and/or IH’s medical and dental benefit plans in which he was participating immediately prior to termination of employment pursuant to this 5(c)(iii)(B) (“Medical and Dental Benefits”)
shall continue at the same cost to him as the cost for the Medical and Dental Benefits immediately prior to such termination until the earlier of (i) the expiration of the maximum period for such coverage allowable under COBRA (but no longer
than 12 months) or (ii) the date on which Executive receives medical and/or dental coverage from a third party (it being understood that such continuation of coverage may be made by paying Executive a series of monthly payments sufficient, on a
grossed up basis, after payment of federal, state and local income taxes, to pay his applicable monthly COBRA premium) (the “Medical Continuation Benefit”). Executive may choose to continue his Medical and Dental Benefits under
COBRA at his own expense for the balance, if any, of the period required by law; 

  
 7 

 (C) An amount equal to the sum of (x) one times the Base Salary, plus
(y) Executive’ Annual Bonus for the year immediately preceding the year of termination or, if Executive has not received an Annual Bonus in respect of a full fiscal year, an amount equal to Executive’s target Annual Bonus amount; 

(D) If such termination by the Company without Cause or by Executive as a result of a Constructive Termination occurs after the
first anniversary of the Start Date, the Severance Payment, in accordance with (and subject to all provisions of) Section 5(a)(iii)(E), except that in the event of a termination by the Company without Cause or by Executive as a result of a
Constructive Termination a dissolution is not necessary to invoke Section 5(a)(iii)(E); and 

        (iv) Following Executive’s termination of employment by the Company
without Cause (other than by reason of Executive’s death or Disability, or in connection with a Dissolution) or by Executive’s resignation as a result of a Constructive Termination, except as set forth in this Section 5(c) and the
Equity Grant Agreements, Executive shall have no further rights to any compensation or any other benefits under this Agreement. 
 (d) By
the Company without Cause in Connection with a Dissolution. 
         (i) For
purposes of this Agreement, a “Dissolution” means a sale of all or substantially all of the assets of, or a liquidation of, the Company, the Promote Entities, and their respective affiliates, or an event or series of events, in each
case following which The Blackstone Group L.P. and its affiliates cease to hold any equity interest the Company, the Promote Entities, or any of their affiliates. 

        (ii) If Executive’s employment is terminated by the Company without Cause
in connection with a Dissolution (other than by reason of death or Disability), Executive shall be entitled to receive: 

(A) The Accrued Rights; 

(B) The Medical Continuation Benefit; 

(C) An amount equal to the sum of (x) one times the Base Salary, plus (y) Executive’s Annual Bonus for
the year immediately preceding the year of termination or, if Executive has not received an Annual Bonus in respect of a full fiscal year, an amount equal to Executive’s target Annual Bonus amount; 

(D) The Severance Payment in accordance with (and subject to all provisions of) Section 5(a)(iii)(E), except that the
restriction related to first anniversary date shall not apply; and 

  
 8 

 (E) The Company shall reimburse reasonable costs of relocation of Executive (and
his family) to a location in the United States of Executive’s choosing (the “Relocation Destination”), in such amounts and subject to the terms set forth in Exhibit A to this Agreement. All such relocation payments and benefits
will be fully grossed-up for any applicable income and employment taxes with respect to any reportable income. 

        (iii) Following Executive’s termination of employment by the Company
without Cause in connection with a Dissolution (other than by reason of Executive’s death or Disability), except as set forth in this Section 5(d) and the Equity Grant Agreements, Executive shall have no further rights to any compensation
or any other benefits under this Agreement. 
 (e) Release. Amounts payable to Executive under Section 5(a)(iii)(E), Sections
5(b)(ii)(B) and (C), Sections 5(c)(iii)(B), (C), and (D); or Section 5(d)(ii)(B), (C), (D), and (E) above (collectively, the “Conditional Benefits”) are subject to execution and non-revocation of a release of claims by
Executive (or, if applicable, Executive’s estate), substantially in the form attached hereto as Exhibit B, within the applicable time limits set forth in the release. 

(f) Continued Employment Beyond the Expiration of the Employment Term. Unless the parties otherwise agree in writing and without
limiting the applicability of Sections 5(c)(ii)(C) and 5(c)(iii) hereof, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term following the delivery of a Notice of Non-Renewal shall be deemed
an employment at-will on terms to be negotiated by the Parties, if any, and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that, the provisions of Sections 6 and 7 of this Agreement
shall survive any termination of this Agreement resulting from a Notice of Non-Renewal or Executive’s termination of employment that occurs after the expiration of the Employment Term. For the avoidance of doubt, no payment shall be required to
cause Section 6 to survive a termination of employment during the Employment Term. 
 (g) Notice of Termination. Any purported
termination of employment by the Company or by Executive (other than due to Executive’s death) hereunder shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 8(j) hereof, indicating
the specific termination provision in this Agreement relied upon. 
 (h) Board/Committee Resignation. Upon termination of
Executive’s employment for any reason, Executive agrees to resign, as of the date of such termination and to the extent applicable, from any board of directors (and any committees thereof) of any of the Company and its affiliates. 

(i) Forfeiture. Upon written notice by the Company to Executive that Executive has committed any breach of Section 6 hereof or a
Material Confidentiality Breach during the Restricted Period following Executive’s termination of employment, Executive shall repay to the Company an amount equal to the after-tax proceeds of any Conditional Benefits (the “Severance
Clawback Amount”). Any determination under this Section 5 of whether Executive is in compliance with Section 6 hereof or committed a Material Confidentiality Breach shall be determined without regard to whether Section 6 or
7, as applicable, is enforceable under applicable law. 

  
 9 

 6. Non-Competition. 

(a) Competitive Activity. Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company, the
Promote Entities, and their respective subsidiaries, and accordingly agrees as follows: 

        (i) During the Employment Term and for a period equal to 12 months following
the date Executive ceases to be employed by the Company for any reason (the “Restricted Period”), Executive will not, whether on Executive’s own behalf or on behalf of or in conjunction with any person, firm, partnership, joint
venture, association, corporation or other business organization, entity or enterprise whatsoever (“Person”), directly or indirectly solicit or assist in soliciting in competition with the Restricted Group in the Business the
business of any then current or prospective client or customer with whom Executive (or his direct reports) had personal contact or dealings on behalf of the Company during the one-year period preceding Executive’s termination of employment.

         (ii) During the Restricted Period, Executive will not, directly or
indirectly: 
 (A) engage in the Business in any geographical area where the Restricted Group engages in the Business (or has
established, during the Employment Term, plans engage in the Business during the Restricted Period); 
 (B) enter the employ
of, or render any services to, a Competitor, except where such employment or services do not relate to the Business; or 

(C) acquire a 10% or greater financial interest in a Competitor, directly or indirectly, as an individual, partner,
shareholder, officer, director, principal, agent, trustee or consultant. 

        (iii) Notwithstanding anything to the contrary in this Agreement, the
provisions of this Section 6 shall not restrict the ownership of any number of single-family homes for personal use by Executive or up to five additional single-family homes as personal investments. 

        (iv) During the Restricted Period, Executive will not, whether on
Executive’s own behalf or on behalf of or in conjunction with any Person, directly or indirectly: 
 (A) solicit or
encourage any employee of the Restricted Group (other than Executive’s personal assistant/secretary) to leave the employment of the Restricted Group; or 

  
 10 

 (B) hire any such employee who was employed by the Restricted Group as of the
date of Executive’s termination of employment with the Company or who left the employment of the Restricted Group within three months prior to the termination of Executive’s employment with the Company (other than Executive’s personal
assistant/secretary). 
         (v) For purposes of this Agreement: 

(A) “Restricted Group” shall mean, collectively, the Company, the Promote Entities, and their respective
subsidiaries. 
 (B) “Business” shall mean the business of acquiring controlling investments in, owning,
developing, leasing, operating or managing one to four unit residential real properties, including single-family homes in planned unit developments and individual single family townhomes and individual residential condominium units in a low-rise or
high-rise condominium project, where such properties are located in the United States. 
 (C) “Competitor” shall
mean any Person engaged in the Business in direct competition with a member of the Restricted Group, but excluding any Person for which less than 10% of its revenue during its most recent fiscal year is derived from activities similar to the
Business. 
 (b) It is expressly understood and agreed that although Executive and the Company consider the restrictions contained in this
Section 6 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the
provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any
court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other
restrictions contained herein. 
 (c) The period of time during which the provisions of this Section 6 shall be in effect shall be
extended by the length of time during which Executive is in breach of the terms hereof as determined by any court of competent jurisdiction on the Company’s application for injunctive relief. 

(d) Subject to Section 5(h), the provisions of Section 6 hereof shall survive the termination of Executive’s employment for any
reason. 

  
 11 

 7. Confidentiality; Intellectual Property. 

(a) Confidentiality. 

        (i) Executive will not at any time (whether during or after Executive’s
employment with the Company) (x) retain or use for the benefit, purposes or account of Executive or any other Person; or (y) disclose, divulge, reveal, communicate, share, transfer or provide access to any Person outside the Company and
its affiliates (other than its professional advisers who are bound by confidentiality obligations, lenders and partners or otherwise in performance of Executive’s duties hereunder), any proprietary and non-public/confidential information
(including without limitation trade secrets, know-how, research and development, software, databases, inventions, processes, formulae, technology, designs and other intellectual property, information concerning finances, investments, profits,
pricing, costs, products, services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government and regulatory activities and approvals) concerning the past,
current or future business, activities and operations of the Company, any Promote Entity, or any of their respective subsidiaries or affiliates (“Confidential Information”) without the prior written authorization of the Board;
provided, however, that the conscious awareness of any Confidential Information (as opposed to the physical possession of documentary Confidential Information) by Executive, and Executive’s consideration of such information in
connection with his pursuit or evaluation of, involvement with or participation in, any project or activity that is not prohibited by this Agreement shall be deemed not to constitute a breach of Section 7(a)(i)(x) or Section 7(a)(iv)(x)
hereof in any manner whatsoever, unless such Executive’s use of such Confidential Information has an objective and detrimental impact on the business of the Company and its subsidiaries. 

        (ii) “Confidential Information” shall not include any information
that is (A) generally known to the industry or the public other than as a result of Executive’s breach of this covenant; (B) made legitimately available to Executive by a third party without breach of any confidentiality obligation of
which Executive has knowledge (it being understood that any information made available by an employee, officer or director of the Company and its affiliates shall not be protected by this exclusion); or (C) required by law to be disclosed;
provided that with respect to subsection (C) Executive shall give prompt written notice to the Company of such requirement and reasonably cooperate with any attempts by the Company to obtain a protective order or similar treatment. 

        (iii) Except as required by law, Executive will not disclose to anyone, other
than Executive’s family (it being understood that, in this Agreement, the term “family” refers to Executive, Executive’s spouse, minor children, parents and spouse’s parents) and legal or financial advisors, the existence or
contents of this Agreement; provided that Executive may disclose to any prospective future employer the provisions of Sections 6 and 7 of this Agreement; provided they agree to maintain the confidentiality of such terms. This
Section 7(a)(iii) shall terminate if the Company publicly discloses a copy of this Agreement (or, if the Company publicly discloses summaries or excerpts of this Agreement, to the extent so disclosed). 

  
 12 

         (iv) Upon termination of
Executive’s employment with the Company for any reason, Executive shall (x) except as otherwise provided herein, cease and not thereafter commence use of any Confidential Information or intellectual property (including without limitation,
any patent, invention, copyright, trade secret, trademark, trade name, logo, domain name or other source indicator) owned or used by the Company, its subsidiaries or affiliates; (y) immediately destroy, delete, or return to the Company, at the
Company’s option and expense, all originals and copies in any form or medium (including memoranda, books, papers, plans, computer files, letters and other data) in Executive’s possession or control (including any of the foregoing stored or
located in Executive’s office, home, laptop or other computer, whether or not Company property) that contain Confidential Information, except that Executive may retain documents (1) related to the terms of Executive’s employment,
(2) related to Executive’s Equity Grants, (3) related to amounts due to Executive pursuant to any agreement between Executive and the Company or any of its subsidiaries or affiliates, (4) that Executive reasonably believes (after
consultation with counsel) to be required by law, court order or regulatory authority or as needed by Executive’s legal, tax or other professional advisors for so long as Executive reasonably believes retention of documents may serve any such
purpose or (5) if such documents only contain information that is available to the general public.; and (z) notify and reasonably cooperate with the Company regarding the delivery or destruction of any other Confidential Information of
which Executive is or becomes aware. 
 (b) Intellectual Property. 

        (i) If Executive creates, invents, designs, develops, contributes to or
improves any works of authorship, inventions, intellectual property, materials, documents or other work product (including, without limitation, research, reports, software, databases, systems, applications, presentations, textual works, content, or
audiovisual materials), either alone or with third parties, at any time during Executive’s employment by the Company and within the scope of such employment and with the use of any the Company’s resources (“Company
Works”), Executive shall promptly and fully disclose same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights therein
(including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) to the Company to the extent ownership of any such rights does not vest originally in the Company. 

        (ii) Executive shall take all requested actions and execute all requested
documents (including any licenses or assignments required by a government contract) at the Company’s expense (but without further remuneration) to assist the Company in validating, maintaining, protecting, enforcing, perfecting, recording,
patenting or registering any of the Company’s rights in the Company Works. If the Company is unable for any other reason, to secure Executive’s signature on any document for this purpose, then Executive

  
 13 

 
hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as Executive’s agent and attorney in fact, to act for and in Executive’s behalf and
stead to execute any documents and to do all other lawfully permitted acts required in connection with the foregoing. 

        (iii) The provisions of Section 7 hereof shall survive the termination of
Executive’s employment for any reason (except as otherwise set forth in Section 7(a)(iii) hereof). 
 (c) Specific
Performance. Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of Section 6 or 7 of this Agreement may be inadequate and the Company may suffer irreparable damages as a result of
such breach. In recognition of this fact, Executive agrees that, in the event of an actual breach of Section 6 or an actual Material Confidentiality Breach, in addition to any remedies at law, the Company, without posting any bond, shall be
entitled to cease making any payments or providing any benefit otherwise required by Section 5(c)(iii) this Agreement (excluding the Accrued Rights) and seek equitable relief in the form of specific performance, temporary restraining order,
temporary or permanent injunction or any other equitable remedy which may then be available. 
 8. Miscellaneous. 

(a) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without
regard to conflicts of laws principles thereof. The parties acknowledge that the Company’s business activities take place in multiple jurisdictions and that the parties hereby selected the laws of the State of New York in light of such
multijurisdictional presence. 
 (b) Indemnification. Executive shall be indemnified to the fullest extent permitted by law by the
Company against any losses, claims, damages, liabilities, and expenses (including attorneys’ fees, judgments, fines, penalties and amounts paid in settlement) incurred by or imposed upon Executive by reason of or in connection with any action
taken or omitted by Executive arising out of Executive’s employment, including in connection with any action, suit or proceeding before any judicial, administrative or legislative body or agency to which Executive may be made a party or
otherwise involved or with which it shall be threatened. The right to indemnification granted by this section shall be in addition to any rights to which Executive may otherwise be entitled. The Company shall advance or pay the expenses incurred by
Executive in defending or investigating a civil or criminal action, suit or proceeding to the fullest extent permitted by law. 
 (c)
Entire Agreement/Amendments. This Agreement (including, without limitation, the schedules and exhibits attached hereto) and the Equity Grant Agreements contain the entire understanding of the parties with respect to the employment of
Executive by the Company. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein or therein. This Agreement
(including, without limitation, the schedules and exhibits attached hereto) may not be altered, modified, or amended except by written instrument signed by the parties hereto. 

  
 14 

 (d) No Waiver. The failure of a party to insist upon strict adherence to any term of this
Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

(e) Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 

(f) Assignment. This Agreement, and all of Executive’s rights and duties hereunder, shall not be assignable or delegable by
Executive. Any purported assignment or delegation by Executive in violation of the foregoing shall be null and void ab initio and of no force and effect. This Agreement may be assigned by the Company to a person or entity which is a successor
in interest to substantially all of the business operations of the Company, but only if such person agrees, in writing, to be bound to the terms hereof to the same extent as the Company. Upon such assignment, the rights and obligations of the
Company hereunder shall become the rights and obligations of such affiliate or successor person or entity. 
 (g) Set Off; No
Mitigation. The Company’s obligation to pay or provide Executive payments and benefits in accordance with Sections 3, 4, and 5 hereof shall be subject to set-off, or recoupment of amounts owed by Executive to the Company, its subsidiaries
or its direct parent entities. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments shall not be reduced by any compensation or benefits received
from any subsequent employer, self-employment or other endeavor. 
 (h) Compliance with Section 409A. Notwithstanding anything herein
to the contrary, (i) if at the time of Executive’s termination of employment with the Company Executive is a “specified employee” as defined in Section 409A of the Code and the deferral of the commencement of any payments or
benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the payments to which Executive would otherwise be
entitled during the first six months following his termination of employment shall be deferred and accumulated (without any reduction in such payments or benefits ultimately paid or provided to Executive) for a period of six months from the date of
termination of employment and paid in a lump sum on the first day of the seventh month following such termination of employment (or, if earlier, the date of Executive’s death), and (ii) if any other payments of money or other benefits due
to Executive hereunder would cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under
Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does not cause such an accelerated or additional tax. Furthermore, the Company
intends that this Agreement shall comply with Section 409A and shall be interpreted, operated and administered accordingly. To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred
compensation” for purposes of Section 409A of the Code, (A) all expenses or other reimbursements hereunder shall 

  
 15 

 
be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by Executive, (B) any right to reimbursement or in-kind benefits shall
not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement,
or in-kind benefits to be provided, in any other taxable year. 
 (i) Successors; Binding Agreement. This Agreement shall inure to
the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

(j) Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing
and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set
forth below in this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

If to the Company: 
 THR Property
Management L.P. 
 c/o Invitation Homes L.P. 

901 Main Street, Suite #4700 

Dallas, TX 75202 
 Attention:
Chairman of the Board and General Counsel 
 with a copy to: 

The Blackstone Group 
 345 Park
Avenue 
 New York, New York 10154 

Attention: William Stein 
 and:

 Simpson Thacher & Bartlett LLP 

425 Lexington Avenue, 
 New York,
New York 10017 
 Attention: Gregory T. Grogan 

If to Executive: 
 To the most
recent address of Executive set forth in the personnel records of the Company. 

  
 16 

 (k) Executive Representation. Executive hereby represents to the Company that the
execution and delivery of this Agreement by Executive and the Company and the performance by Executive of Executive’s duties hereunder shall not constitute a breach of the terms of any employment agreement or other written or oral agreement(s)
or policies to which Executive is a party or otherwise bound, or that may restrict or adversely impact Executive’s ability to enter into this Agreement and/or perform Executive’s duties hereunder. Executive agrees that the Company is
relying on the foregoing representations in entering into this Agreement and the Equity Grant Agreements, and that any breach of the foregoing representations shall constitute dishonesty in the performance of Executive’s duties hereunder. 

(l) Prior Agreements. This Agreement (including, without limitation, the schedules and exhibits attached hereto and thereto),
supersedes all prior agreements, term sheets, and understandings (including verbal agreements) between Executive and the Company and/or its affiliates regarding the terms and conditions of Executive’s employment with the Company and/or its
affiliates (collectively, the “Prior Agreements”). 
 (m) Cooperation. Executive shall provide Executive’s
reasonable cooperation in connection with any pending claim, litigation, regulatory or administrative proceeding involving the Company (or any appeal from any action or proceeding) arising out of or related to the period when Executive was employed
by the Company. In the event that Executive’s cooperation is requested after the termination of his employment, the Company shall (i) use its reasonable efforts to minimize interruptions to his personal and professional schedule and
(ii) reimburse Executive for all reasonable and appropriate out-of-pocket expenses actually incurred by him in connection with such cooperation upon reasonable substantiation of such expenses. 

(n) Withholding Taxes. The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as
may be required to be withheld pursuant to any applicable law or regulation. 
 (o) Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

(Remainder of page intentionally left blank.) 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

	
	EXECUTIVE
	
	/s/ Ernest M. Freedman
	Ernest M. Freedman

 
			
	 THR PROPERTY MANAGEMENT L.P.
  

By: THR Property Holdco GP LLC, its general partner

		
	                By:	 	/s/ William J. Stein
	                Name:	 	William J. Stein
	                Its:	 	Senior Managing Director

 Exhibit A 

Relocation Assistance 
  

	1.	Executive will be responsible for submitting an itemized listing, together with receipts and/or documentation for all eligible relocation expenses incurred to the Human Resources Department of the Company.

  

	2.	Expenses which are eligible for reimbursement are as follows: 

  

	 	•	 	The Company will reimburse house hunting expenses for both Executive and spouse or significant other, for a maximum of three trips to the Relocation Destination for an aggregate of six days, including reasonable and
customary meals, lodging, travel expenses, mileage and tolls. 

  

	 	•	 	Temporary lodging expenses in the Relocation Destination for up to 90 days, and a maximum of (4) four return visits to the Dallas metropolitan area during that time. 

 

	 	•	 	The Company will reimburse the cost of moving the Executive’s household goods from the former primary residence to Executive’s new primary residence. This program covers the full range of services that are
typically offered by the major van lines (e.g., pack/unpack, load, and drive services). 

  

	 	•	 	The Company will cover mileage and tolls incurred in driving (2) two cars to the Relocation Destination or shipment of (2) two cars if the Relocation Destination is more than 100 miles from Dallas, Texas.

  

	 	•	 	Executive will be eligible to receive a Relocation Allowance equal to (3) three week’s salary (gross) to help cover miscellaneous expenditures of a general nature (i.e.—babysitting, electrical hook-up,
telephone /computer connection, etc.) 

  

	 	•	 	The Company will reimburse reasonable and customary closing costs incurred in the purchase of Executive’s new primary residence in the Relocation Destination, as follows: 

 

	 	•	 	Acquisition of Primary Residence in Relocation Destination: reasonable and customary purchase costs, up to a maximum of 3% of the purchase price, will be reimbursable. 

 

	 	•	 	Customary purchase costs include: 

  

	 	•	 	Loan origination fee and/or discount points 

  

	 	•	 	An appraisal, credit report, and survey when required 

  

	 	•	 	Recording of mortgage and deed 

  

	 	•	 	Title insurance or title guarantee 

  

	 	•	 	Attorney’s fees or title and tax search 

  

	 	•	 	Inspection and/or assumption fees where applicable 

	 	•	 	Other terms related to the purchase of Executive’s primary residences: the home purchased must be Executive’s principal place of residence and be a single family dwelling, and under no circumstances will the
Company reimburse Executive for any loss of value or equity. 

  

	3.	Only eligible expenses which are incurred within one year of the Termination Date shall be eligible for reimbursement. Reimbursements will be grossed up for Federal, state, and FICA tax withholding liability.

  
 2 

 Exhibit B 

Release And Waiver Of Claims 
 This
Release and Waiver of Claims (“Release”) is entered into as of this [ • ] day of                     , 20[-], Ernest M.
Freedman (the “Executive”) and delivered to Invitation Homes L.P. (the “Company”). 
 The Executive agrees as follows:

 1. The employment relationship between the Executive and the Company and its subsidiaries and affiliates, as applicable, terminated on the
[ • ] day of             , 20[-] (the “Termination Date”) pursuant to Section [5(b)][5(c)] of the Employment Agreement between the Company and Executive dated
October 11, 2012 (“Employment Agreement”). 
 2. In consideration of the payments, rights and benefits provided for in
any of Section 5(a)(iii)(E); Sections 5(b)(ii)(B) and (C); Sections 5(c)(iii)(B) and (C); or Section 5(d)(ii)(B), (C), (D), and (E) of the Employment Agreement (“Separation Terms”), the sufficiency of which the
Executive hereby acknowledges, the Executive, on behalf of himself and his agents, representatives, attorneys, administrators, heirs, executors and assigns (collectively, the “Employee Releasing Parties”), hereby releases and
forever discharges the Company Released Parties (as defined below), from all claims, charges, causes of action, obligations, expenses, damages of any kind (including attorneys’ fees and costs actually incurred) or demands, in law or in equity,
whether known or unknown, which may have existed or which may now exist from the beginning of time to the date of this Release, arising from or relating to Executive’s employment or termination from employment with the Company, including a
release of any rights or claims the Executive may have under Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the Older Workers Benefit
Protection Act; the Americans with Disabilities Act of 1990; the Rehabilitation Act of 1973; the Family and Medical Leave Act of 1993; Section 1981 of the Civil Rights Act of 1866; Section 1985(3) of the Civil Rights Act of 1871; the
Employee Retirement Income Security Act of 1974; the Fair Labor Standards Act; any other federal, state or local laws against discrimination; or any other federal, state, or local statute, regulation or common law relating to employment, wages,
hours, or any other terms and conditions of employment. This includes a release by the Executive of any and all claims or rights arising under contract (whether written or oral, express or implied), covenant, public policy, tort or otherwise. For
purposes hereof, “Company Released Parties” shall mean the Company and any of its past or present employees, agents, insurers, attorneys, administrators, officials, directors, shareholders, divisions, parents, members, subsidiaries,
affiliates, predecessors, successors, employee benefit plans, and the sponsors, fiduciaries, or administrators of the Company’s employee benefit plans. 

3. The Executive acknowledges that the Executive is waiving and releasing rights that the Executive may have under the ADEA and other federal,
state and local statutes contract and the common law and that this Release is knowing and voluntary. The Executive acknowledges that the consideration given for this Release is in addition to anything of value to which the Executive is already
entitled. The Executive further acknowledges that the Executive 

 
has been advised by this writing that: (i) the Executive should consult with an attorney prior to executing this Release; (ii) the Executive has up to twenty-one (21) days within
which to consider this Release, although the Executive may, at the Executive’s discretion, sign and return this Release at an earlier time, in which case the Executive waives all rights to the balance of this twenty-one (21) day review
period; and (iii) for a period of 7 days following the execution of this Release in duplicate originals, the Executive may revoke this Release in a writing delivered to the Chairman of the Board of Directors of the Company, and this Release
shall not become effective or enforceable until the revocation period has expired. 
 4. Notwithstanding anything herein to the contrary,
this Release does not release the Company Released Parties from (i) any rights or claims that arise after the date of execution by Executive of this Release; (ii) any rights that cannot be waived as a matter of law; (iii) the
Executive’s right to enforce Section 5 of the Employment Agreement, including the right to receive the Accrued Rights; (iv) the Executive’s right to enforce the terms of the Equity Grant Agreements (as defined in the Employment
Agreement); (v) any rights of the Executive as a member, partner or other equity holder of the Company or its successors and assigns; or (vi) any rights to indemnification the Executive may have under any indemnity agreement, applicable
law, the by-laws, certificate of incorporation, limited partnership agreement, limited liability agreement or other constituent document of the Company or any of its affiliates, or as an insured under any director’s and officer’s liability
insurance policy now or previously in force. 
 5. The Executive represents and warrants that he has not filed any action, complaint,
charge, grievance, arbitration or similar proceeding against the Company Released Parties. 
 6. This Release is not an admission by the
Company Released Parties or the Employee Releasing Parties of any wrongdoing, liability or violation of law. 
 7. The Executive waives any
right to reinstatement or future employment with the Company following the Executive’s separation from the Company on the Termination Date. 

8. The Executive shall continue to be bound by the restrictive covenants contained in the Employment Agreement. 

9. This Release shall be governed by and construed in accordance with the laws of the State of New York, without reference to the principles
of conflict of laws. 
 10. This Release represents the complete agreement between the Executive and the Company concerning the subject
matter in this Release and supersedes all prior agreements or understandings, written or oral. This Release may not be amended or modified otherwise than by a written agreement executed by the Executive and the Company or their respective successors
and legal representatives. 
 11. Each of the sections contained in this Release shall be enforceable independently of every other section
in this Release, and the invalidity or unenforceability of any section shall not invalidate or render unenforceable any other section contained in this Release. 

 12. The Executive acknowledges that the Executive has carefully read and understands this
Release, that the Executive has the right to consult an attorney with respect to its provisions and that this Release has been entered into knowingly and voluntarily. The Executive acknowledges that no representation, statement, promise, inducement,
threat or suggestion has been made by any of the Company Released Parties to influence the Executive to sign this Release except such statements as are expressly set forth herein or in the Employment Agreement. 

The parties to this Release have executed this Release as of the day and year first written above. 

 

	
	EXECUTIVE
	
	   

	Ernest M. FreedmanExhibit 10.1

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

THIS
MEMBERSHIP INTERESTAGREEMENT (“Agreement”) is made as of the 31st day of December, 2016 by and between: (a) Waste Recovery
Enterprises, LLC, a Florida Limited Liability Company (the “Buyer’) that is a wholly owned subsidiary of National Waste Management
Holdings, Inc. (“National Waste”); and: (b) Mark Wachtel (“Seller Wachtel”), and Northeast Data Destruction
& Recycling, LLC, a New York Limited Liability Company (“Northeast”).

 

RECITALS:

 

WHEREAS,
Seller Wachtel owns 50% of the Membership Interests of Northeast (the “Membership Interests”).

 

WHEREAS,
Northeast is in the business of document and hard drive destruction, including one-time or periodic shredding of documents on
or off-site for businesses and personal clients.

 

WHEREAS,
the Seller desires to sell and the Buyer desires to purchase the Membership Interests, assets and the business of Northeast (the
“Business”) through their purchase of the Membership Interests on the terms and conditions contained herein.

 

AGREEMENT:

 

NOW,
THEREFORE, the parties agree as follows:

 

PURCHASE
AND SALE OF MEMBERSHIP INTERESTS /PURCHASE PRICE/ASSUMED

LIABILITIES/PREMISES

 

1.
Purchase and Sale of Membership Interests. Buyer hereby agrees to buy, and Seller agrees to sell, assign, transfer and
deliver to Buyer all of Seller’ right, title and interest in Memberships Interests and to thereby convey, assign, transfer
all of Seller’s assets utilized, directly or indirectly, in the operation of the Business, including all of Seller’s
right, title and interest in and to the Seller’s assets customer lists, equipment, goodwill, source code, object code, flow
charts and all related documentation, all copyrights, trade secrets, rights and intellectual property contained therein, trademarks.
Lease agreements, phone numbers and listings, catalogs, marketing materials, brochures and all contract rights (the “Assets”).
All tangible assets acquired by buyer are listed on Exhibit A hereto.

 

2.
Purchase Price. The total purchase price for the 50% membership interest held by Wachtel (“Purchase Price”)
shall be one hundred thousand dollars ($100,000) and 400,000 Restricted Common Stock Shares of National Waste and shall be payable
by the Buyer at closing as follows: (a) $100,000 in cash or certified funds at the Closing Date to Seller Wachtel; and (b) 400,000
Restricted Common Stock Shares of National Waste to Seller Wachtel.

 

3.
Assumed Liabilities/Receivables. Buyer shall assume only the liabilities included in exhibit B. Seller is responsible for
all other liabilities, obligations, taxes of any kind, whether state or federal, or any other undertakings of Seller of any kind
or nature whatsoever, except as specifically provided herein in Exhibit B. Seller will retain any outstanding receivables at closing.
Seller Wachtel will provide a listing of receivables outstanding as of the Closing (see Exhibit C). Seller will continue to collect
those receivables on behalf of the Company and deposit those receivables in the bank accounts used by Northeast prior to the sale.
Seller Wachtel will payoff all liabilities of the Company not included in Exhibit B with these receivables and then split the
receivables with Seller Teelon upon final collection of all receivables and final payoff of all liabilities not included in Exhibit
B, incurred by Northeast prior to the closing. All receivables collected after closing related to sales of Northeast after the
closing will be deposited in the Company’s newly opened bank accounts and will be controlled by NWMH. Seller Wachtel agrees
to provide the bank statements and deposit slips related to the collected receivables within 10 days of request in order for the
Buyer to verify that only receivables included in Exhibit C are deposited into this account.

 

    	 		 

     

    

 

4. Premises.
The Buyer shall be entitled to use, on or after the Closing Date, the Seller’s leased premises located at 615 Route
28 Kingston, NY 12401 (the “Premises”) and “Other Services” supplied with the Premises.

 

REPRESENTATIONS
AND WARRANTIES OF SELLER

 

5.
Representations and Warranties of Seller. Seller represents and warrants that the following are true on the date hereof
and shall be true as of the Closing Date (as if made at the Closing), and shall survive the Closing:

 

(a) Organization
and Authority. Northeast is a Limited Liability Company duly organized, validly existing and in good standing under the laws
of the State of New York, has all requisite corporate power and authority to own its properties and assets including, without
limitation, the Assets, and to conduct the Business as it is now being conducted

 

(b) Member
Approval. The execution and delivery of this Agreement has been approved by Northeast’s sole Members, Seller Wachtel
and Seller Teelon.

 

(c) Northeast
Limited Liability Operating Agreement. The sale of the Assets by Seller Wachtel and Seller Teelon do not violate any provisions
of the Northeast Operating Agreement.

 

(d) Title
to Assets. The Seiler and/or Northeast holds title to the Assets free and clear of all liens; (e) all of the Assets are free
and clear of all mortgages, charges, encumbrances, equities, pledges, security interests, conditional sales contracts or claims
of any nature whatsoever as of the Closing Date, except in the case that National Waste will be assuming debt related to financed
equipment as described in Exhibit B hereto.

 

(e) Marketable
Title. The Seller and/or Northeast have good and marketable title to the Assets, including copyright and trademarks, and has
all necessary rights to enter this Agreement without violating any other agreement or commitment of any sort. Further, the Assets
do not infringe or constitute a misappropriation of any trademark, patent, copyright, trade secret or other proprietary right
of any third party and Buyer’s use, modification, sale, licensing and/or distribution of the services and products shall
not violate any rights of any kind or nature of any third party.

 

(f) Equipment.
All the furniture, fixtures, and equipment included as part of the Assets in this Agreement are transferred “as is.”
The Seller hereby assigns to Buyer as of the Closing Date, to the extent assignable, all warranties covering such property existing
as of the Closing Date. The customer lists include all the customer accounts of Northeast at the Closing.

 

(g) Customer
Accounts. Seller makes the following representations and warranties regarding the Customer Accounts: (a) All Customer Accounts
are presently in effect and all of the Customer Accounts agreements, are transferred to Buyer, and each Customer Account has been
serviced by the Seller within the last twelve months prior to the Closing Date; (h) Seller does not represent or warrant that
any consents from Customers on the transfer of their Accounts, whether required or not, have been received; (b) Seller has collected
no deposits from any Customer and owes no funds to any Customer related to any such deposit; (d) Seller is not aware of any products
that are, as of the Closing Date, not in good working order and condition; and (d) no significant customers of Seller has indicated
at the Closing Date to Seller that it intends to cease doing business with Seller or in any way materially alter the amount of
business currently conducted with Seller.

 

    	 	2	 

     

    

 

(h) Laws,
Regulations, Licenses and Permits. To the best of the Seller’s knowledge, Seller has complied with all applicable laws,
statutes, orders, rules, regulations and requirements promulgated by governmental or other authorities relating to the Business
or the Assets except where non-compliance would not have material adverse effects on the Business. Seller has not received any
notice of any sort of alleged violation of any such statute, order, rule, regulation or requirement. To the best of the Seller’s
knowledge, Seller possesses all necessary permits, license approvals and notifications, governmental or otherwise, necessary for
the operation of the Seller’s business except where non-compliance would not have material adverse effects on the Business.

 

(i) Absence
of Undisclosed Liabilities. Seller is not aware of any liabilities or obligations of any nature, whether secured or unsecured,
disclosed or undisclosed, accrued, absolute, contingent or otherwise, whether due or to become due, that would, individually or
in the aggregate, materially affect the Assets, or the business, financial condition, or prospects of Seller. All debts, liabilities
and obligations incurred after the last issued Financial Statements have been incurred in the ordinary course of business, and
are usual and ordinary in amount both individually and in the aggregate.

 

(j) Tax
Returns. Seller has timely and properly filed all federal, state, local and foreign tax returns, including but not limited
to income, franchise, sales, payroll, employee withholding and social security and unemployment, which were required to be filed.
Seller has paid or made adequate provision in reserves reflected in the financial statements which are included in the financial
information for the payment of all taxes, including interest and penalties, and withholding amounts owed by it or assessable against
it. All such tax returns are true, complete and correct. No tax deficiencies have been proposed or assessed against Seller and,
to the best of Seller’s knowledge upon due inquiry, there is no basis in fact for the assessment of any tax or penalty tax
against it.

 

(k) Tax
Liens. The Seller is not aware of any tax liens on any property or assets of Seller.

 

(1)
Financial Statements. Buyer has accessed Seller’s Financial Statements. The Financial Statements are complete and
correct in all material respects, have been prepared in accordance with generally accepted accounting principles applied on a
basis consistent with that of prior years, and fairly present the financial position of Seller as of the date on the Financial
Statements.

 

(m) Trademarks,
Trade Names, Copyrights, Etc. Seller does not know of any asserted infringement by Seller of any trademark, service mark,
trade name or copyright of another; Seller has no reason to believe that Seller is infringing a valid and enforceable trademark,
service mark, trade name or copyright of another; Seller has clear record title to the trademark registrations and applications
therefor, copyright registrations and applications as owned by it and has the right to use all trade names enumerated therein;
Seller has not entered into any agreements, contracts or licenses that would impair its right to license the trademarks, service
marks, trade names and copyrights as owned by it; Seiler has no reason to believe that any trademarks, service marks, trade names
or copyrights used by Seller are, or are claimed to be, invalid.

 

(n) Employees.
Buyer has had an opportunity to talk with Seller’s employees about the proposed sale of the 50% membership interests
and its effect upon them. Buyer shall be under no obligation to hire any of Seller’s employees. Seller will be responsible
for all wages and other benefits of each employee through the Closing Date.

 

(o) Employee
Plans. Seller does not and will not have any unfunded liability for services rendered prior to the Closing Date under any
employee benefit plans and the Buyer will not incur any liability under any such plans as a result of the consummation of the
transactions contemplated hereby.

 

(p) Litigation
and Other Proceedings. There are no lawsuits, administrative proceedings, governmental investigation or arbitration pending
or, to the knowledge of Seller threatened against or relating to Seller or the Assets or the transactions contemplated by this
Agreement that would individually or in the aggregate, materially affect the Assets or the business, financial condition, or prospects
of Seller is not a party to or subject to the provisions of any order, writ, injunction, judgment or decree of any court or government
agency or instrumentality.

 

(q) No
Breach. Neither the execution nor the delivery of this Agreement, nor the consummation of the transactions herein contemplated,
will: Violate the Articles of Incorporation, as amended, or Bylaws, as amended, of Seller. Conflict with or result in a breach
or default of any term or provision of, or invalidate or given any other party any rights of acceleration, cancellation or termination
with respect to any note, indenture, mortgage, deed of trust, security agreement, license agreement or other agreement or instrument
to which Seller is a party or by which Seiler is bound or to which its properties are subject. Violate any law or order, rule,
regulation, writ, injunction or decree of any government, governmental instrumentality or court having jurisdiction over Seller
or any of its assets or right; or Result in the creation or imposition of any lien, charge or encumbrance of any kind whatsoever,
on any such assets or rights other than those created or imposed by this Agreement.

 

    	 	3	 

     

    

 

(r) Ownership
of Membership Interests, Power and Authority to Sell. The Seller own all rights, title and interest in and to the Purchased Membership
Interests being sold and the Membership Purchased Stock will be, on the Closing Date, free and clear of any liens, encumbrances,
adverse rights and claims of any kind whatsoever other than restrictions as to marketability imposed by securities laws. The Seller
have the power and authority to sell the Membership Interests being sold hereunder to the Buyer pursuant to this Agreement free
and clear and to execute, deliver and otherwise perform this Agreement.

 

(s) Obligations
to Related Parties. There are no obligations of the Seller to any of Northeast’s current or former officers, managers, directors,
members, stockholders, employees.

 

(t)
Validity and Binding Effect.The Agreement is the legal, valid and binding obligations of the Seller and Northeast, enforceable
in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar
laws affecting the rights of creditors.

 

(u) All
of the outstanding Membership Interests being conveyed by the Seller are validly issued, fully paid, and non-assessable. At the
Closing, the Seller shall endorse such Membership Interests certificates to the Buyer for the Purchased Membership Interests,
which evidences a Fifty Percent (50%) ownership interest in Northeast. The Seller has, and upon the Closing pursuant to the terms
of this Agreement, the Buyer will have, good and marketable title to the Purchased Membership Interests, free and clear of all
security interests, liens, encumbrances, or other restrictions or claims, subject only to restrictions as to marketability imposed
by securities laws.

 

(v) No
Conflicts. The consummation of the transactions hereby contemplated and the performance of the obligations of the Seller and Northeast
under and by virtue of this Agreement or the Ancillary Documents will not result in any breach of, or constitute a default under,
any material mortgage, security deed or agreement, deed of trust, lease, bank loan or credit agreement, corporate charter or bylaws,
agreement or certificate of limited partnership, license, franchise, or any other instrument or agreement to which the Seller
or Northeast are a party or by which the Seller or Northeast or their respective properties may be bound or affected or to which
the Seller or Northeast have not obtained an effective waiver which could reasonably be expected to have a material adverse effect
on Northeast or its future operations taken as a whole.

 

(w) Other
Agreements; No Defaults. The Seller and Northeast are not parties to any indenture, loan or credit agreement, lease or other agreement
or instrument, or subject to any charter or corporate restriction that could, by virtue of containing terms and conditions other
than usual and customary for the circumstances, reasonably be expected to have a material adverse effect on the Business, properties,
assets, operations or conditions, financial or otherwise, of Northeast, or the ability of the Seller or Northeast to carry out
their obligations under this Agreement and the Ancillary Documents to which they are a party. As of the date hereof, to the best
of the Seller’ Knowledge, Northeast is not in default in any respect in the performance, observance or fulfillment of any of the
material obligations, covenants or conditions contained in any agreement or instrument material to the Business to which it is
a party, and no other default by Northeast or event has occurred and is continuing that with notice or the passage of time or
both would reasonably be expected to constitute a material default by Northeast.

 

(x) Statements
Not False or Misleading. No representation or warranty given as of the Closing Date by the Seller or Northeast contained in
this Agreement, any exhibit attached hereto, the Ancillary Documents, or any statement in any document, certificate or other
instrument required by the terms hereof furnished to the Buyer, contains or will contain any material untrue statement. As of
the Closing Date, there is no fact known to the Seller which materially adversely affects, or in the future could reasonably
be expected to materially adversely affect, the business, operations, cash flows, properties or assets or the condition,
financial or otherwise, of Northeast which has not been disclosed in this Agreement, the exhibits, the Ancillary Documents,
or in any documents, certificates, information or written statements furnished to the Buyer for use in connection with the
transactions contemplated hereby.

 

    	 	4	 

     

    

 

(y)
Absence of Certain Changes. Since the prior six (6) months through the Closing Date, except as contemplated or permitted by this
Agreement there has not been:

 

(i) Any
material adverse change in the business, financial condition, operations, or Assets of Northeast;

 

(ii) Any
damage, destruction, or loss, whether covered by insurance or not materially adversely affecting the properties of Northeast or
the Business;

 

(iii) Any
sale or transfer by Northeast of any tangible or intangible asset other than in the ordinary course of business, any mortgage
or pledge or the creation of any security interest, lien, or encumbrance on any asset, or any lease of property, including equipment,
other than tax liens with respect to taxes not yet due and contract rights of customers in inventory;

 

(iv) Any
redemption or other repurchase by Northeast of any Membership Interest of Northeast;

 

(v) Any
material transaction not in the ordinary course of business of Northeast;

 

(vi) The
lapse of any material trademark, assumed name, trade name, service mark, copyright, or license or any application with respect
to the foregoing;

 

(vii) The
grant of any increase in the compensation of officers or employees (including any increase pursuant to any bonus, pension, profit-sharing,
or other plan) other than customary increases on a periodic basis or required by agreement or understanding in the ordinary course
of business and in accordance with past practice;

 

(viii) The
discharge or satisfaction of any material lien or encumbrance or the payment of any material liability other than current liabilities
in the ordinary course of business;

 

(ix) The
making of any material loan, advance, or guaranty to or for the benefit of any person except the creation of accounts receivable
in the ordinary course of business; or

 

(x) An
agreement to do any of the foregoing.

 

(aa)Title
and Related Matters. Northeast has good and marketable title to all of the Assets, which Assets are

 

described
on Exhibit A attached hereto (except properties and assets sold or otherwise disposed of subsequent to the Closing Date in the
ordinary course of business or as contemplated in this Agreement), free and clear of all security interests, mortgages, liens,
pledges, charges, claims, or encumbrances of any kind or character, excluding inventory subject to ordinary course of business
trade terms, which will continue after Closing.

 

(ab)Undisciosed
Liabilities. Except as and to the extent specifically reflected in Exhibit B, Northeast shall have no other material
liabilities of any nature (whether accrued, absolute, contingent, known or unknown, determinable or not or otherwise) on the
Closing Date.

 

(ac)Taxes.
Northeast has timely and properly completed and filed in correct form all United States federal, state, local, foreign, and
other tax returns (“Tax Returns”) and estimates of every nature required to be filed by Northeast and paid all
taxes due as shown on such returns and all assessments of which notice has been received. All such Tax Returns (after giving
effect to any amendments thereto) were correct and complete in all material respects and were prepared in material compliance
with applicable laws and regulations. All taxes due and payable with respect to such Tax Returns, including, without
limitation, any assessments imposed on or before the Closing, have been paid. Northeast and the Seller (as they relate to
Northeast or the Business) have paid all taxes due and payable by them, whether or not shown as due on any Tax Return. No
claim has ever been made with respect to Northeast by an authority in writing in a jurisdiction where Northeast does not file
Tax Returns that Northeast is or may be subject to taxation by that jurisdiction. Northeast has withheld and paid all taxes
required to have been withheld and paid in connection with any amounts paid or owing to any employee, independent contractor,
creditor, equity owner or other Person. Neither Northeast nor the Seller has been advised, in writing, (a) that any of the
Tax Returns of Northeast or the Seller have been or are currently being audited, or (b) of any deficiency, claim, issue or
proposed judgment with respect to taxes of Northeast or any Seller (as they relate to Northeast or the Business). Northeast
has delivered or made available to the Buyer correct and complete copies of all Tax Returns filed, examination reports, and
statements of deficiencies assessed or agreed to by the Seller.

 

    	 	5	 

     

    

 

(ad)Condition
of Northeast Assets. With respect to the equipment owned, leased or used by Northeast: (i) to the best of the Seller’s
Knowledge, Northeast is and at all times has been in compliance with all applicable material law relating to all such
equipment; (ii) to the best of the Seller’s Knowledge, all material equipment is in serviceable condition consistent
with its age and use and (ii) there are no outstanding requirements or recommendations by fire underwriters or rating boards,
insurance Company or holders of mortgages or other security interests requiring or recommending any material repairs or work
to be done with reference to any such equipment, and in any case only where any failure relating thereto would be reasonably
likely to have a material adverse effect on Northeast.

 

(ae)Employment
Contracts. Northeast is not bound by any employment agreements, either written or oral, with any employees or independent
contractors of Northeast which are not terminable at will, except as may be prohibited by any law, rule or
regulation.

 

(af)Employment
Practices. Northeast follows all federal and state laws and regulations respecting employment and employment practices,
including, without limitation, payment of payroll, withholding and unemployment taxes.

 

(ag)Employee
Plans. On the Closing Date, Northeast does not maintain any of the following plans (the “Employee Plans”): (1)
any employee pension benefit plan (as such term is defined in the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), including any person, profit sharing, retirement, thrift, or stock purchase plan; (2) any employee
welfare benefit (as such term is defined in ERISA): (3) any other compensation, stock option, restrictive stock, fringe
benefit or retirement plan of any kind whatsoever, formal or informal, not included in the foregoing or providing for
benefits for, or the welfare of, any or all of the current or former employees or agents of Northeast or any ERISA Affiliate
or any of their beneficiaries or dependents, including any group health, life insurance, retiree medical, bonus, incentive or
severance plan; (4) any “multi-employer” plan as such term is defined in ERISA or the Internal Revenue Code of
1986, as amended (the “IRC”); or (5) any “multi-employer welfare arrangement” as defined in
ERISA.

 

(ah)Insurance.
Northeast carries and shall continue to carry after the Closing Date insurance to protect against various risks as outlined.
Each insurance policy currently held by Northeast is in full force and effect and Northeast is not in material breach of or
in default under any such policy, except where any such breach or default could not be reasonably be expected to have a
material adverse effect. Neither the Seller nor Northeast have received any notice of or any reason to believe that there is
or has been any actual, threatened, or contemplated termination or cancellation of any insurance policy_ Northeast has not
failed to give any notice or to present any claim under any insurance policy in a due and timely fashion.

 

(ai)
Assumed Debt. The Buyer will assume the debt and required payments and payoff described in Exhibit B of this Membership Interest
purchase agreement. The Buyer understands that the debt included in Exhibit B is personally guaranteed by Seller Wachtel, a 50%
owner of Northeast prior to the execution of this agreement. The Buyer agrees to work with the bank to have Seller Wachtel’s guarantee
removed and replaced with the Company’s guarantee. If the guarantee has not been removed within 90 days of the closing of this
agreement, the Company will pay off the debt in full within 30 days. A failure to remove the guarantee of Seller Wachtel or to
pay off the debt within the allotted time stated above will result in a material breach to this Contract.

 

    	 	6	 

     

    

 

REPRESENTATIONS
AND WARRANTIES OF BUYER

 

6.
Representations and Warranties of Buyer. Buyer hereby represents and warrants that the following shall be true as of the date
hereof and as of the Closing Date (as if made at the Closing), and shall survive the Closing:

 

(a)
Organization. Buyer is a Limited Liability Company duly organized, validly existing in good standing under the laws of
the State of New York and has all requisite power and authority to own its properties and conduct the business in which it is
presently engaged.

 

(b) Authority.
Buyer has all requisite power and authority, including the approval of its Board of Directors, to execute, perform, and carry
out the provisions in this Agreement.

 

(c) Conduct
Pending Closing. From the date hereof up to the Closing Date, Seller shall carry on the Business diligently, only in the ordinary
course of business and in the same manner as heretofore conducted by Seller and will keep and maintain the Assets in good and
safe repair and condition consistent with past practices. All other legal fees, accounting fees and broker fees, if any, and the
expenses of any other services rendered or incurred relating to this Agreement and the consummation of the transactions contemplated
hereby shall be paid by the party incurring the same.

 

7.
Conditions to Obligations of Buyer to Proceed on the Closing Date. The obligations of Buyer to proceed on the Closing Date
shall be subject to the satisfaction (or waiver by the Buyer in writing), on or prior to the Closing, of all the following conditions:
(a) All representations and warranties of Seller shall be true and correct as of the Closing as if made on that date; and all
covenants of the Seller to be performed prior to or as of the Closing shall have been performed. (b) Buyer shall have had the
opportunity prior to the Closing Date to review the business records of the Business and Buyer shall not have discovered during
such review any substantial liabilities relating to the Business that were not previously disclosed to Buyer. (c) Buyer shall
have the right to talk with Seller’s employees about the proposed sale of the Membership Interest and its effect upon them
at any time before Closing. Buyer shall be under no obligation to hire any of Seller’s employees.

 

8.
Indemnification. Seller shall for a period of two years after the Closing Date, defend, indemnify and hold harmless Buyer,
its successors, assigns, affiliates, licensees and sublicenses, and the respective officers, directors, agents and employees,
from and against any action, suit, claim, damages, liability arising out of or in any way connected with any breach of any representation
or warranty made by Seller herein. Buyer shall give Seller prompt notice of any such claim or of any threatened claim.

 

9.
Termination. This Agreement may be terminated and the transactions completed herein may be abandoned after the date of
this Agreement, but no later than the Closing Date by mutual written consent of all parties hereto; by Buyer if the conditions
in Section 12 hereof have not been met and have not been waived in writing by the party seeking to terminate on or before the
Closing Date; or By Seller if the conditions in Section 9 hereof have not been met and have not been waived in writing by the
party seeking to terminate on or before the Closing Date.

 

10.
Return of Purchase Price. In the event of the termination or abandonment of the Agreement, the Seller shall return the
Purchase Price.

 

MISCELLANEOUS
PROVISIONS

 

11. Counterparts. This
Agreement may be executed in counterparts with the same effect as if the signatures thereto were on the same instrument. This
Agreement shall be effective and binding upon all parties hereto when all parties have executed a counterpart of this
Agreement.

 

12.
Notices. Any notice or other communication required or permitted hereunder shall be in writing and shall be deemed to have
been given, when received, if delivered by hand, telegram, telex or telecopy, and, when deposited, if placed in the mails for
delivery by express mail, postage prepaid, addressed to the appropriate party. Addresses may be changed by written notice given
pursuant to this paragraph, however, any such notice shall not be effective, if mailed, until three (3) working days after depositing
in the mails or when received, whichever occurs first.

 

    	 	7	 

     

    

 

13. Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns, provided, however, nothing in this Agreement is to be construed as an authorization or right of any party to assign
its rights or delegate its duties under this Agreement without the prior written consent of the other party hereto.

 

14. Entire
Agreement. This Agreement, together with the exhibits hereto and the related written agreements specifically referred to herein,
represents the only agreement among the parties concerning the subject matter hereof and supersedes all prior agreements whether
written or oral, relating thereto.

 

15. Modification
and Waiver. No purported amendment, modification or waiver of any provision hereof shall be binding unless set forth in a
written document signed by all parties (in the case of amendments or modifications) or by the party to be charged thereby (in
the case of waivers). Any waiver shall be limited to the circumstance or event specifically referenced in the written waiver document
and shall not be deemed a waiver of any other term hereof or of the same circumstance or event upon any recurrence thereof.

 

16. Governing
Law. This Agreement and the legal relations between the parties shall be governed by and construed in accordance with the
laws of the State of Florida.

 

17. Survival
of Representations, Warranties and Agreements. For a period of one year after the Closing Date, all covenants, representations,
warranties and agreements made by the parties hereunder shall survive the Closing Date, the delivery of the Assets, and the dissolution
and liquidation of any party hereto and remain effective regardless of any investigation at any time, whether before or after
the date of this Agreement, made by or on behalf of any party or of any information any party may obtain or have, whether before
or after the date of this Agreement, in respect thereof and regardless of any non-exercise by a party of any rights hereunder.

 

18. Further
Assurances. Each of the parties shall do all such acts and things and shall execute and deliver, or cause to be executed and
delivered, all such documents, instruments and agreements as may be necessary or desirable to give effect to the provisions of
and intent of this Agreement.

 

19. No
Waiver; Remedies Cumulative. No failure on the part of a party hereto to exercise and no delay in exercising any right hereunder
shall operate as a waiver thereof nor shall any single or partial exercise of any right hereunder preclude any other or further
exercise thereof or the exercise of any other right. Remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

 

20. Non-Compete.
Seller covenant and agrees that he will not participate in any fashion, as owner, employee, consultant, independent contractor,
shareholder, officer, director, member, manager or partner in any business operation which is involved in the business of shredding
paper or hard drives within a one hundred (100) mile radius of 615 Route 28 Kingston, NY 12401 for a time period of no less than
five (5) years from the date of closing.

 

21. Employment
Agreement. Concurrently with the Closing, Buyer and Mark Wachtel shall enter into a two-year employment agreement, attached
hereto as Exhibit D, pursuant to which Mark. Wachtel shall remain as an employee of National Waste.

 

    	 	8	 

     

    

 

IN
WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed in the manner appropriate to each, to be
effective as of the day and year first above written.

 

BUYER:

 

WASTE
RECOVERY ENTELLC

 

	By:	/s/
    Louis Paveglio	 

  

SELLER:

 

	By:	/s/
    Mark Wachtel	 

 

Signature page follows

 

    	 	9	 

     

    

 

EXHIBITS

 

EXHIBIT
“A” — Listing of Tangible Assets Acquired by Buyer

 

1993
International Truck with Alagane 15 HP Shredder, 230 Volt Generator, Tipper and Scale 

2010 Chevy 14’ Box Truck with Tommy
lift gate 

2003 Chevy Box Truck with Tommy Lift Gate

 

2000
Toyota Electric Forklift with KW Battery and Two KW Chargers, Model 5FBE15

Ameri-Shred
30 HP Shredder AMS - 3000 230 Volt 3 Phase

TWG
16’ Transfer Conveyer Machine Model MDS2yF175B

20’
TWG Sorting Conveyer

Closed
end horizontal Bale Master Baler

Vertical
Cardboard Baler - Model HP 2200

Better
Shredder Hard drive Shredder - Model HD6150

5000
Capacity Arlyn Floor Scale

Amerishred
Bin Tipper

 

200
95 Gallon Totes 

250 65 Gallon Totes

300
All Source Shredding Consoles

 

    	 	10	 

     

    

 

EXHIBIT
“B” — Listing of Debt Assumed by Buyer

 

Loan
with M&T Bank, original principal of $25,000 with an approximate balance of $23,000 and approximate payment of $500

 

Line
of Credit with M&T bank with approximate balance of $32,000 with interest only payments of approximately $180

 

    	 	11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]