Document:

meec_ex101.htm

EXHIBIT 10.1

 

FIRST AMENDMENT TO

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT, is made and executed effective as of June 1, 2013 (“Amendment”) (the “Effective Date”), by and between Midwest Energy Emissions Corp., a Delaware corporation (the “Company”), and R. Alan Kelley (“Employee”).

 

RECITALS:

 

WHEREAS, the Company and Employee entered into an Amended and Restated Employment Agreement, dated as of July 1, 2012 (the “Employment Agreement”); and

 

WHEREAS, the Company and the employee wish to amend and restate the Employment Agreement in order to contemplate certain additional and revised terms.

 

NOW, THEREFORE, in consideration of the mutual undertakings of the parties set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Employee agree that the Employment Agreement is hereby amended as follows:

 

Section 1 of the Employment Agreement is hereby amended and restated in its entirety as follows:

 

1. “Employment.  The Company hereby employs Employee, and Employee hereby accepts employment with the Company, on the terms and conditions set forth in this Agreement.  During the Term (as defined below), Employee shall serve as the President and Chief Executive Officer of the Company (unless earlier terminated pursuant to the terms of this Agreement).  Employee’s duties and responsibilities as an employee of the Company shall include advisory, strategic, corporate management, and other services as are reasonably expected from a person in the position of the President and Chief Executive Officer of the Company, and/or such other or additional duties and responsibilities as are reasonably assigned to Employee from time to time by the Board of Directors of the Company (the “Board”).  While serving as President and Chief Executive Officer, Employee shall report directly to the Board.”

 

2. No other Amendments.  Except as provided in this Amendment, all of the terms, covenants, agreement and obligations contained in the Employment Agreement shall continue to remain unchanged and in full force and effect and are hereby ratified and confirmed.

 

 [SIGNATURE PAGE FOLLOWS. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

 

  

1

  

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

	 	
MIDWEST ENERGY EMISSIONS CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Johnny F. Norris, Jr. 	 
	 	 	Johnny F. Norris, Jr., 	 
	 	 	Chairman of the Board	 
	 	 	 	 

 

	 	
EMPLOYEE:

	 
	 	 	 	 
	 	
By: 

	/s/ R. Alan Kelley 	 
	 	 	R. Alan Kelley	 

 

 

[SIGNATURE PAGE TO EMPLOYMENT AGREEMENT]

 

  

2meec_ex102.htm

 

EXHIBIT 10.2

 

FIRST AMENDMENT TO

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Amendment”) is made and executed effective as of June 1, 2013 (the “Effective Date”), by and between Midwest Energy Emissions Corp., a Delaware corporation (the “Company”), and Johnny F. Norris, Jr. (“Employee”).

RECITALS:

WHEREAS, the Company and Employee entered into an Amended and Restated Employment Agreement, dated as of July 1, 2012 (the “Employment Agreement”); and

WHEREAS, the Company and the employee wish to amend and restate the Employment Agreement in order to contemplate certain additional and revised terms.

NOW, THEREFORE, in consideration of the mutual undertakings of the parties set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Employee agree that the Employment Agreement is hereby amended as follows:

1.  Section 1 of the Employment Agreement is hereby amended and restated in its entirety as follows:

“1. Employment.  The Company hereby employs Employee, and Employee hereby accepts employment with the Company, on the terms and conditions set forth in this Agreement.  During the Term (as defined below), Employee shall serve an executive adviser to the President and Chief Executive Officer and so long as Employee remains a director as the Chairman of the Board (“Chairman”) of the Company (the “Board”). (unless earlier terminated pursuant to the terms of this Agreement).  Employee’s duties and responsibilities as an employee of the Company shall include advisory, strategic, corporate management, and other services as are reasonably expected from a person in the position of the Chairman.”

 

2.  Compensation.  Section 4(a) of the Employment Agreement is hereby amended and restated in its entirety as follows:

 

“(a)Base Salary.  For all services rendered by Employee under this Agreement, the Company shall compensate Employee (i) beginning on the Effective Date and continuing through December 31, 2012, at an annual base rate of $180,000 per year, and (ii) beginning on January 1, 2013 and continuing through May 31, 2013, at an annual base rate of $240,000 per year, and (iii) beginning on June 1, 2013 and continuing during the Term, at an annual base rate of $120,000 per year, in all cases, payable in accordance with the Company’s standard payroll procedures, as may exist from time to time (such annual salary, as such may be amended from time to time, the “Base Salary”).  Beginning January 1, 2014, Employee will be eligible for a raise in Base Salary if such is deemed appropriate by the Board.”

 

3.  Section 2 of the Employment Agreement is hereby amended and restated in its entirety as follows:

 

“2. Term.  The term of this Agreement (the “Term”) shall commence as of the Effective Date and shall extend until April 30, 2014, unless earlier terminated as provided in Section 6 of this Agreement.”

 

4.  No other Amendments.  Except as provided in this Amendment, all of the terms, covenants, agreement and obligations contained in the Employment Agreement shall continue to remain unchanged and in full force and effect and are hereby ratified and confirmed.

 

[SIGNATURE PAGE FOLLOWS. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

 

  

1

  

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

 

	 	
MIDWEST ENERGY EMISSIONS CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ R. Alan Kelley 	 
	 	 	R. Alan Kelley, 	 
	 	 	President and Chief Executive Officer	 
	 	 	 	 

 

	 	
EMPLOYEE:

	 
	 	 	 	 
	 	
By: 

	/s/ Johnny F. Norris, Jr. 	 
	 	 	Johnny F. Norris, Jr.	 

 

 

[SIGNATURE PAGE TO EMPLOYMENT AGREEMENT]

 

  

2biei_ex104.htm

EXHIBIT 10.4

 

FIRST AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

This First Amendment to Convertible Promissory Note (this “Amendment”) is entered into effective August 13, 2013 (the “Effective Date”) by and between Premier Biomedical, Inc., a Nevada corporation (the “Borrower”) and LG Capital Funding, LLC, a New York corporation (the “Holder”).  Each of the Borrower and the Holder shall be referred to as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, the Parties are parties to that certain Convertible Promissory Note with an original issue date of August 13, 2013 in the original principal amount of $26,500 (the “Note”);

WHEREAS, the Parties desire to amend the Note to modify the terms of the Conversion Price as set forth herein.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficient of which is hereby agreed and acknowledged, the Parties agree as follows:

AGREEMENT

1.             Section 1.2(a) is restated in its entirety as follows:

1.2         Conversion Price.

(a)           Calculation of Conversion Price. The Conversion Price shall equal the greater of (i) the Variable Conversion Price (as defined herein) and (ii) the Fixed Conversion Price (subject, in each case, to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 55% multiplied by the Market Price (as defined herein) (representing a discount rate of 45%). “Market Price” means the average of the two (2) lowest Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending one Trading Day prior to the date the Conversion Notice is sent by the Holder to the Borrower via facsimile (the “Conversion Date”). “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Bulletin Board, or applicable trading market (the “OTCBB”) as reported by a reliable reporting service (“Reporting Service”) mutually acceptable to Borrower and Holder and hereafter designated by Holders of a majority in interest of the Notes and the Borrower or, if the OTCBB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the OTC Markets Group, Inc.  If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.  “Fixed Conversion Price” shall mean $0.01.”

2.             Other than as set forth herein, the terms and conditions of the Note shall remain in full force and effect.

 

  

1

  

IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of the Effective Date.

	“Borrower”	 	“Holder”	 
	 	 	 	 	 	 
	Premier Biomedical, Inc.	 	LG Capital Funding, LLC,	 
	a Nevada corporation	 	a New York limited liability company	 
	 	 	 	 	 	 
	 	
/s/ William A. Hartman 

	 	 	
/s/ Joseph Lerman 

	 
	By: 	
William A. Hartman

	 	By:	
Joseph Lerman

	 
	Its:	
President

	 	Its: 	
Managing Member

	 

 

 

 

 

 

 

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]