Document:

Exhibit 10.1

 

 

     

     

    

 

  

     

     

    

 

 

     

     

    

 

  

     

     

    

 

  

     

     

    

 

 

     

     

    

 

ADDENDUM TO AIR CRE STANDARD SUBLEASE
(MULTI-TENANT)

 

This Addendum
(“Addendum”) is made and entered into by and between Sublessor and Sublessee, and is dated as of the date set
forth on Paragraph 1.1 of the Standard Sublease (Multi-Tenant) (“Sublease”) between Wunderlich Securities, Inc.,
as Sublessor, and Monetiva, Inc., Endless Global, Inc., and Pierre A. Sawaya, an individual, collectively, as Sublessee, to which
this Addendum is attached and made a part. The promises, covenants, agreements and declarations made and set forth herein are intended
to and shall have the same force and effect as if set forth at length in the body of the Sublease. To the extent that the provisions
of this Addendum are inconsistent with the terms and conditions of the Sublease, the terms and conditions of this Addendum shall
control. The Sublease shall consist of the Sublease and this Addendum. Any capitalized terms used in this Addendum without definition
shall have the meanings assigned thereto in the Sublease.

 

17. The following
provisions of the Master Lease shall not be applicable as between Sublessor and Sublessee, and are not incorporated into the Sublease:
Sections 6, 9, 10 and 12 of the Basic Lease Provisions, Sections 2.3 and 3.3 of the Master Lease, Paragraph 1 of Exhibit G (Additional
Provisions), and Exhibit X (Work Letter).

 

18. Notwithstanding
anything in the Sublease which may be construed to the contrary, the following obligations shall remain the obligations of the
Master Lessor under the Master Lease (and Sublessor shall have no liability therefor), and for such purposes, notwithstanding Section
6.3 of the Sublease, the term “Lessor” shall mean Master Lessor, not Sublessor: Sections 5.1, 5.2, 6.1, 6.2, 6.3 and
the first sentence of Section 7.2 of the Master Lease, Exhibit B (Operating Expenses and Taxes), and Exhibit C (Utilities and Services).

 

19. Any references
in the Master Lease to “Lessor” in those provisions of the Master Lease dealing with (i) notice to, or the consent of,
the “Lessor”, (ii) the “Lessee’s” obligation to name the “Lessor” as an additional insured, and (iii)
a limitation on “Lessor’s” liability, shall be deemed to refer to both Master Lessor and Sublessor.

 

20. The provisions
of the Master Lease concerning any waiver(s) of claims by, and/or indemnification obligations of, “Lessee” under the
Master Lease shall benefit Maser Lessor as well as Sublessor.

 

21. With
respect to any obligation of Sublessee to be performed under this Sublease (including, without limitation, curing any defaults),
whenever the Master Lease grants to Sublessor, as tenant under the Master Lease, a specified number of days to perform its corresponding
obligations under the Master Lease, except as otherwise provided herein, Sublessee shall have five (5) fewer days to perform non-monetary
obligations and two (2) business days fewer to perform monetary obligations (except for Sublessee’s payment of monthly Base
Rent and the Operating Expenses, which shall continue to he due on the first (1st) day of each month).

 

     

     

    

 

22.
Sublessee recognizes that Sublessor is not in a position to render any of the services or to perform any of the obligations required
by Sublessor by the terms of this Sublease where such services or obligations are required to be performed by Master Lessor, as
landlord, under the Master Lease. Therefore, notwithstanding anything in this Sublease to the contrary, Sublessee agrees that Sublessor
shall have no liability of any nature whatsoever to Sublessee as a consequence of Master Lessor’s failure or delay in performing its
obligations under the Master Lease. Sublessee’s obligations under the Sublease (including, without limitation, the obligation of
Sublessee to pay all Rent) shall not be impaired nor shall the performance thereof be excused because of any failure or delay by
Master Lessor in performing its obligations under the Master Lease unless (i) such failure or delay results from Sublessor’s default
under the Master Lease and said default is not due to a default of Sublessee under this Sublease, or (ii) such failure or delay
results from Sublessor’s willful misconduct. Under no circumstances shall Sublessee have the right to require performance by Sublessor
of Master Lessor’s obligations. In the event of the termination of Sublessor’s interest as lessee under the Master Lease for any
reason, then this Sublease shall terminate concurrently therewith without any liability of Sublessor to Sublessee.

 

23. If
Master Lessor shall be in default of any of its obligations under the Master Lease (and said default is not due to a default of
Sublessee under this Sublease), Sublessee shall be entitled to participate with Sublessor in the enforcement of Sublessor’s rights
against Master Lessor (and in any recovery or relief obtained), but Sublessor shall have no obligation to bring any action or proceeding
or to take any steps to enforce Sublessor’s rights against Master Lessor. Any steps, actions, or proceedings so instituted by Sublessor
shall be at the expense of Sublessee. Sublessee shall, by written notice to Sublessor, specify any such alleged default by Master
Lessor, and Sublessor may, but shall not be obligated to, after such notice elect to (i) at Sublessee’s cost, take action for the
enforcement of Sublessor’s rights against Master Lessor with respect to such default, or (ii) cure any such default to the extent
permitted pursuant to the provisions of the Master Lease. If Sublessor does not elect to do either of the foregoing, Sublessee
shall have the right to take enforcement action against Master Lessor at Sublessee’s sole cost and in its own name and, for that
purpose and only to such extent, all of the rights of Sublessor to enforce the obligations of Master Lessor under the Master Lease
are hereby conferred upon and are conditionally assigned to Sublessee and Sublessee hereby is subrogated to such rights (including
the benefit of any recovery or relief). Notwithstanding the provisions of the immediately preceding sentence, in no event shall
Sublessee be entitled to take such action in its own name if (i) such action would constitute a default under the Master Lease
or (ii) there is a disagreement between Sublessor and Sublessee as to whether or not Master Lessor has so defaulted. Sublessee
shall indemnify and hold Sublessor harmless from and against all loss, cost, liability, claims, damages and expenses (including
without limitation reasonable attorneys’ fees), penalties and fines incurred in connection with or arising from the taking of any
such action by Sublessee.

 

24. In the event
of a breach of this Sublease by Sublessee that may cause a default under the Master Lease, Sublessor may, in addition to all other
remedies and rights available to Sublessor at law or in equity or under this Sublease, at Sublessee’s expense and after notice
to Sublessee, take such action as may reasonably be required to prevent such matter from maturing into a default under the Master
Lease, and Sublessee shall pay such expenses so incurred by Sublessor within ten (10) days after written demand from Sublessor.

 

     

     

    

 

IN WITNESS WHEREOF, the
parties hereto have executed this Addendum as of the reference date of the Sublease.

 

	SUBLESSOR:	 
	 	 	 	 
	Wunderlich Securities, Inc.
		 	 	 
	By:	/s/ Mike McCoy	 
	Printed name:	Mike McCoy	 
	Its:	CFO	 	 
	 	 	 	 
	SUBLESSEE:	 
	 	 	 	 
	Monetiva, Inc.	 
	 	 	 	 
	By:	/s/ Pierre A. Sawaya	 
	Printed name:	Pierre A. Sawaya	 
	Its:	Chairman	 
	 	 	 	 
	Endless Global, Inc.
	 	 	 
	By:	/s/ Pierre Sawaya	 
	Printed name:	Pierre Sawaya	 
	Its:	Founder	 
	 	 	 	 
	/s/ Pierre A. Awaya	 
	Pierre A. AwayaExhibit 10.2

 

EMPLOYMENT
AGREEMENT

 

This
Employment Agreement (this “Agreement”), dated as of Nov 1, 2017, but
effective as of November 15, 2017, is entered into between
Monetiva, Inc., a Delaware corporation (the “Company”), and Pierre Sawaya (“Executive”).

 

WHEREAS,
Executive is the President and Chief Executive Officer of the Company;

 

WHEREAS,
the Company desires to employ and retain the services of Executive, and Executive wishes to be employed by the Company, on the
terms set forth in this Agreement;

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants set forth in this Agreement, the undersigned agree as
follows:

 

1.
Term of Employment. Subject to the termination provisions hereinafter set forth, the Company will employ Executive,
and Executive accepts employment with the Company as its President and Chief Executive Officer, for a period of one year from
the date of this Agreement (the “Initial Term”). The Initial Term shall be automatically renewed for successive one
year periods (“Successive Terms”) unless either party gives ninety (90) calendar days written notice of nonrenewal
prior to the expiration of the then-current term (the Initial Term and any Successive Term are jointly referred to herein as the
“Term”). Notwithstanding the above, or anything else provided herein, Executive shall be an at-will employee serving
at the pleasure and direction of the Board of Directors (as defined below). Accordingly, either party may terminate the employment
relationship at any time for any reason, subject, however, to the notice and any payment requirements set forth herein.

 

2.
Duties. During the Term, Executive will serve as President and Chief Executive Officer of the Company, reporting
to the Company’s Board of Directors (the “Board of Directors”). Executive will discharge such duties and responsibilities
as are customary for such position or are prescribed from time to time by the Company. Executive will devote his full time and
attention to the affairs of the Company and will not enter the employ of or serve as a consultant to, or in any way perform any
services for, with or without compensation, any other person, business or organization without the prior approval of the Board
of Directors. In no event may any such service be inconsistent with, or prevent Executive from carrying out, his duties under
this Agreement, as determined at the sole discretion of the Board of Directors. During the Term, Executive shall serve as a member
and the Chairman of the Board of Directors of the Company, subject to the conditions and requirements set forth in the Company’s
bylaws, as applicable, including but not limited to shareholder approval.

 

3.
Maintaining Confidential Information/Property Rights. Executive agrees to sign and abide by all of the Company’s
policies regarding confidential information and ethics including, but not limited to the Employee Non-Disclosure, Non-Solicitation
and Intellectual Property Assignment Agreement, as attached hereto as Exhibit A.

 

4.
Salary and Incentives.

 

(a)
Sign-On Bonus. Upon execution of this Agreement and in consideration for all services to be provided by Executive as contemplated
herein, Executive shall receive a sign on bonus of 12,000,000 shares of the Company’s common stock, to be issued within
30 days from the commencement of your employment.

 

(b)
Salary. During the Term, the Company will pay Executive an annual salary of $180,000 (the “Base Salary”), subject
to applicable tax withholding and payable in accordance with the Company’s normal payroll practices; provided that Executive’s
Base Salary may be reduced to the extent that Executive elects to defer any portion thereof under the terms of any deferred compensation
or savings plan maintained by the Company. During the Term, the Board of Directors shall review Executive’s Base Salary
on an annual basis and, in its discretion, may award merit increases of Executive’s Base Salary in accordance with the Company’s
policy. In addition to the eligibility for consideration of merit-based increases in the discretion of the Board of Directors,
Executive’s Base Salary will be increased effective January 1, of each year during the Term (commencing January 1, 2018)
by ten percent (10%).

 

     

     

    

 

(c)
Incentive Payments. Executive will be eligible to receive incentive bonus payments from time to time in accordance with
any incentive bonus program of the Company that may then be in effect and will be eligible to receive an annual cash incentive
bonus under any such program upon the achievement of targets and other objectives for each fiscal year as may be approved annually
on behalf of the Company by the Board of Directors (the “Annual Bonus”). Such a program will be administered on the
Company’s fiscal year basis. In the event that an incentive payment is earned by Executive under such a program for any
fiscal year, such payment shall be made to Executive in a lump sum all-cash amount within sixty (60) days following the date the
Company determines the amount (if any) of the Annual Bonus, provided that Executive has remained continuously employed in the
Company’s service through the date the Company determines the amount of the Annual Bonus.

 

(d)
Expenses. The Company will reimburse Executive for all reasonable travel, entertainment and miscellaneous expenses actually
and necessarily incurred in connection with the performance of his duties under this Agreement, provided that Executive’s
expenses are in accordance with the Company’s current practices and that Executive properly accounts for such expenses.
Any amounts payable under this Section 5(c) shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) and
shall be paid on or before the last day of Executive’s taxable year following the taxable year in which Executive incurred
the expenses. The amounts provided under this Section 5(c) during any taxable year of Executive’s will not affect such amounts
provided in any other taxable year of Executive’s, and Executive’s right to reimbursement for such amounts shall not
be subject to liquidation or exchange for any other benefit.

 

(e)
Vacation. The Executive shall be entitled to four (4) weeks paid vacation per annum.

 

5.
Benefits. Executive will be entitled during the Term to participate in any vacation, health, pension, insurance
or other benefit plan that is maintained by the Company for its (or its subsidiaries’) Executives and/or executives to the
extent and in the manner prescribed by the applicable plan documents.

 

6.
Long-term Incentives. Executive will be eligible to receive annual long-term equity incentive awards from time to
time in accordance with the terms and conditions of long-term equity incentive compensation plans and programs as in effect from
time to time as approved by the Board of Directors. The Board of Directors shall have discretion to determine both the target
levels and the actual grants made, and shall have discretion to change from an annual grant program to a multi-year grant program.
Any long-term incentive grants shall be subject to the terms and conditions, including any vesting conditions, as determined by
the Board of Directors in its sole discretion.

 

7.
Termination.

 

(a)
Termination by the Company without Cause. The Company may terminate Executive’s employment under this Agreement without
Cause at any time with ninety (90) calendar days’ prior written notice. However, in the event of Executive’s Separation
from Service (as defined in Section 9(a) below) as a result of Executive’s termination by the Company without Cause at any
time during the Term, then, subject to the provisions of Section 9 below, the Company agrees that it will provide Executive with
all accrued compensation, wages and benefits through the effective date of termination and pay and/or provide to Executive the
following:

 

(i)
(A) if such termination occurs during the Initial Term, an amount equal to two (2) times Executive’s then-prevailing Base Salary,
and (B) if such termination occurs after the Initial Term, an amount equal to one (1) times Executive’s then-prevailing
Base Salary; plus

 

(ii)
(A) if such termination occurs during the Initial Term, twenty-four months of COBRA premiums for Executive, and (B) if such termination
occurs after the Initial Term, twelve (12) months of COBRA premiums for Executive, in each case paid for by the Company (with
any such payments to be treated as taxable compensation to the extent necessary to comply with Section 105(h) of the Internal
Revenue Code) pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), provided that Executive is
eligible for COBRA benefits and timely completes all documentation necessary to receive COBRA benefits; plus

 

(iii)
if Executive holds any outstanding long-term incentive awards (including, without limitation, stock options, stock appreciation
rights, phantom shares, restricted stock or similar awards with respect to the securities of the Company) that are not fully vested
and, if applicable, exercisable with respect to all the shares subject thereto effective immediately prior to the date of termination,
then the Company shall cause all such outstanding and unvested long-term incentive awards to become fully vested and, if applicable,
exercisable effective immediately prior to the date of termination, and Executive shall have forty five (45) days to exercise
any stock options that vest pursuant to this Section. In all other respects, such awards will continue to be subject to the terms
and conditions of the plans, if any, under which they were granted and any applicable agreements between The Company and Executive.

 

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The
amounts described in paragraph (i) shall be paid in two equal lump sum installments, subject to applicable tax withholding, with
the first installment to be made within sixty (60) days following the date of Executive’s Separation from Service and the second
installment to be made on the first anniversary of Executive’s Separation from Service. For purposes of Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) (including, without limitation, for purposes of Treasury Regulation
Section 1.409A-2(b)(2)(iii)), Executive’s right to receive the foregoing installment payments shall be treated as a right to receive
a series of separate payments and, accordingly, each installment payment shall at all times be considered a separate and distinct
payment. Notwithstanding any provision to the contrary in this Agreement, no amount shall be paid pursuant to this Section 8(a)
unless, on or prior to the fifty-fifth (55th) day following the date of Executive’s Separation from Service, Executive has executed
an effective waiver and release of claims agreement (the “Release”) in form and substance acceptable to the Company
and any applicable revocation period has expired.

 

(b)
Termination by Executive for Good Reason. Executive may voluntarily elect to resign his employment with the Company prior
to the end of the Initial Term or any Successive Term for Good Reason (as hereinafter defined). In the event of Executive’s
Separation from Service for Good Reason at any time during the Initial Term or any Successive Term, then, subject to the provisions
of Section 9 below, Executive shall be entitled to receive the payments or benefits set forth in Section 8(a) as if such Separation
from Service was as a result of Executive’s termination by the Company without Cause during the Initial Term or thereafter
(as applicable). “Good Reason” shall mean any of the following that are undertaken without Executive’s express
written consent: (i) the assignment to Executive of principal duties or responsibilities, or the substantial reduction of Executive’s
duties and responsibilities, either of which is materially inconsistent with Executive’s position as President and Chief
Executive Officer of the Company; (ii) a material reduction by the Company in Executive’s annual Base Salary, except to
the extent the salaries of other executive employees of the Company and any other controlled subsidiary of the Company are similarly
reduced; (iii) Executive’s principal place of business is, without his consent, relocated by a distance of more than thirty
(30) miles from the center of Mission Viejo, California; or (iv) any material breach by the Company of any provision of this Agreement.
For avoidance of doubt, any notice of non-renewal provided by the Company to Executive pursuant to Section 1 of this Agreement
shall not constitute or give rise to Good Reason under this Section 8(b).

 

Executive
must provide written notice to the Company of the occurrence of any of the foregoing events or conditions without Executive’s
written consent within ninety (90) days of the occurrence of such event. The Company or any surviving entity shall have a period
of thirty (30) days to cure such event or condition after receipt of written notice of such event from Executive. Any Separation
from Service by reason of Executive’s resignation for Good Reason following such thirty (30) day cure period must occur no later
than the date that is six (6) months following the initial occurrence of one of the foregoing events or conditions without Executive’s
written consent. Executive’s Separation from Service by reason of his resignation for Good Reason shall be treated as involuntary.
For avoidance of doubt, in the event Executive provides the foregoing notice to the Company prior to the expiration of the Initial
Term but the ensuing cure period of the Company expires following the end of the Initial Term and during any Successive Term and
(the applicable event or condition constituting or giving rise to Good Reason having not been cured by the Company during the
applicable cure period) Executive subsequently resigns for Good Reason pursuant to this Section 8(b), such resignation shall be
treated for all purposes of this Section 8(b) as having occurred during the Initial Term.

 

(c)
Termination by the Company for Cause. Subject to the thirty (30) day cure period, if applicable, set forth below in this
Section 8(c), the Company may immediately terminate Executive’s employment at any time for Cause by giving written notice
to Executive specifying in reasonable detail the reason for such termination. Upon any such termination for Cause, Executive shall
be entitled to payment of all accrued and unpaid compensation and wages, but Executive shall have no right to compensation or
benefits for any period subsequent the effective date of termination. For the purposes of this Agreement, “Cause”
shall mean: Executive willfully engages in an act or omission which is in bad faith and to the detriment of the Company, engages
in gross misconduct, gross negligence, or willful malfeasance, in each case that causes material harm to the Company, breaches
this Agreement in any material respect, habitually neglects or materially fails to perform his duties (other than any such failure
resulting solely from Executive’s physical or mental disability or incapacity) after a written demand for substantial performance
is delivered to Executive which identifies the manner in which the Company believes that Executive has not performed Executive’s
duties, commits a felony involving moral turpitude, uses drugs or alcohol in a way that either interferes with the performance
of his duties or compromises the integrity or reputation of the Company, or engages in any act of dishonesty involving the Company,
disclosure of Company’s confidential information not required by applicable law, commercial bribery, or perpetration of
fraud; provided, however, that Executive shall have at least forty-five (45) calendar days to cure, if curable, any of
the events which could lead to Executive’s termination for Cause.

 

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(d)
Termination by Death or Disability. In the event that Executive dies or becomes completely disabled from performing his
duties during the Initial Term or any Successive Term, the Company shall be relieved of all obligations under this Agreement,
except for payment to Executive or Executive’s heirs as if the Executive had been terminated without Cause in accordance
with Section 8(a) herein during the Initial Term or thereafter (as applicable). For clarification purposes, the parties agree
that the Company may satisfy its obligations pursuant to this Section 8(d) through life and/or disability insurance coverage with
respect to Executive.

 

(e)
Termination by Executive without Good Reason. Executive may terminate his employment under this Agreement without Good
Reason at any time by giving written notice to the Company. Such termination will become effective upon the date specified in
such notice, provided that such date is at least ninety (90) calendar days after the date of delivery of the notice. Upon any
such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued
compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole
discretion, cause the termination to become effective sooner than such ninety (90) day notice period.

 

(f)
Involuntary Termination other than for Cause, Death or Disability or Voluntary Termination for Good Reason Following A Change
of Control. If, within twenty-four (24) months following a Change of Control, the Executive’s employment is terminated
involuntarily by the Company other than for Cause, death, or Disability or by the Executive pursuant to a Voluntary Termination
for Good Reason, and the Executive executes and does not revoke a general release of claims against the Company and its affiliates
in a form acceptable to the Company, then the Company shall provide the Executive with the benefits as set forth below:

 

(i)
Cash Award. A lump sum payment in the amount equal to four (4) times Executive’s then prevailing Base Salary plus
the Executive’s target for the annual short term incentive portion of the corporate bonus program for such year as in effect
immediately prior to such termination, in addition to any other earned but unpaid base salary or vacation pay due through the
date of such termination, as well as a pro rata portion of the Executive’s annual short term incentive portion of the corporate
bonus program for such year (if any) and a pro rata portion of the Executive’s long term incentive portion of the corporate
bonus program (if any) (based on the number of days elapsed during such year through the date of termination) as in effect immediately
prior to such termination. This lump sum payment is to be paid as soon as practicable after the effective date of the termination
for Cause or Voluntary Termination for Good Reason following a Change of Control but in any case, by no later than March 14 of
the calendar year following the calendar year in which such termination occurs.

 

(ii)
Acceleration of Equity Awards. All outstanding and unvested options to purchase the common stock of the Company or any
affiliate of the Company granted under any equity plan of the Company or affiliate of the Company, restricted stock then held
by the Executive and other equity and equity equivalent awards then held by the Executive shall be accelerated in full, and thereafter
all such options, restricted stock and other equity awards shall be immediately vested, and exercisable for such period of time
following termination as provided for by the specific agreements governing each such award.

 

(iii)
Benefits Continuation. For the period beginning on the date of such involuntary termination by the Company other than for
Cause, death or Disability or the Executive’s Voluntary Termination for Good Reason occurs and ending on the earlier of
the date which is eighteen (18) months following the date of such termination or the date upon which the Executive commences receiving
generally comparable medical benefits through employment elsewhere, the Company shall pay directly or reimburse the Executive,
at its option, for premium costs incurred by the Executive and the Executive’s dependents for medical and dental benefits
continuation coverage pursuant to Section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”), Sections
601-608 of the Executive Retirement Income Security Act of 1974, as amended, and under any other applicable law, to the extent
required by such laws, as if the Executive had terminated employment with the Company on the date such benefits coverage terminates.

 

(iv)
All of the foregoing benefits shall replace and be in lieu of any other severance benefit(s) to which Executive would otherwise
be entitled following a Change of Control.

 

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(g ) Change of Control.
“Change of Control” means the occurrence of any of the following events:

 

(i)
A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group
(“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes
more than fifty percent (50%) of the total voting power of the stock of the Company; provided, however, that for purposes of this
subsection, the acquisition of additional stock by any one Person, who is considered to own more than fifty percent (50%) of the
total voting power of the stock of the Company will not be considered a Change of Control; or

 

(ii)
A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced
during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of
the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be
in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered
a Change of Control; or

 

(iii)
A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires
(or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross
fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however,
that for purposes of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion
of the Company’s assets: (A) a transfer to an entity that is controlled by the Company’s stockholders immediately
after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset
transfer) in exchange for or with respect to the Company’s stock, (2) an entity, fifty percent (50%) or more of the total
value or voting power of which is owned, directly or indirectly, by the Company, (3) a Person, that owns, directly or indirectly,
fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity,
at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described
in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of
the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

 

For
purposes of this definition, persons will be considered to be acting as a group if they are owners of a corporation that enters
into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.

 

(h) Notice
of Non-Renewal. For the avoidance of doubt, any notice of non renewal of a Successive Term provided by the
Company pursuant to Section 1 of this Agreement shall constitute termination of Executive by the Company without Cause during
a Successive Term.

 

8.
Limitations on Payment.

 

(a) Payment
Delay. Notwithstanding anything herein to the contrary, to the extent any payments to Executive pursuant to Section 8 are
treated as non-qualified deferred compensation subject to Section 409A of the Code, then (i) no amount shall be
payable pursuant to such section unless Executive’s termination of employment constitutes a “’separation
from service” with the Company (as such term is defined in Treasury Regulation Section 1.409A-1(h) and any successor
provision thereto) (a “Separation from Service”), (ii) if any of the amounts described in Sections 8(a)(i)-(ii)
above constitute non-qualified deferred compensation subject to Section 409A of the Code then any such amounts that become
payable hereunder shall in all cases be paid in two installment payments pursuant to the terms described in the last
paragraph of Section 8(a), provided that the first lump-sure payment shall be paid on the 60th day following
Executive’s Separation from Service subject to clause (iii) of this Section 9(a) and (iii) if Executive, at the time of
his Separation from Service, is determined by the Company to be a “specified Executive” for purposes of Section
409A(a)(2)(B)(i) of the Code and the Company determines that delayed commencement of any portion of the termination benefits
payable to Executive pursuant to this Agreement is required in order to avoid a prohibited distribution under Section
409A(a)(2)(B)(1) of the Code (any such delayed commencement, a “Payment Delay”), then such portion of
Executive’s termination benefits described in Section 8 shall not be provided to Executive prior to the earlier of (A)
the expiration of the six-month period measured from the date of Executive’s Separation from Service, (B) the date of
Executive’s death or (C) such earlier date as is permitted under Section 409A. Upon the expiration of the applicable
Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred pursuant to a Payment Delay shall be paid in a lump sum
to Executive within thirty (30) days following such expiration, and any remaining payments due under the Agreement shall be
paid as otherwise provided herein. The determination of whether Executive is a “specified Executive” for purposes
of Section 409A(a)(2)(B)(i) of the Code as of the time of his Separation from Service shall be made by the Company in
accordance with the terms of Section 409A of the Code and applicable guidance thereunder (including without limitation
Treasury Regulation Section 1.409A-1(i) and any successor provision thereto).

 

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(b)
Exceptions to Payment Delay. Notwithstanding Section 9(a), to the maximum extent permitted by applicable law, amounts payable
to Executive pursuant to Section 8 shall be made in reliance upon Treasury Regulation Section 1.409A-1(b)(9) (with respect to
separation pay plans) or Treasury Regulation Section 1.409A-1(b)(4) (with respect to short-term deferrals). Accordingly, the severance
payments provided for in Section 8 may not be intended to provide for any deferral of compensation subject to Section 409A of
the Code to the extent (i) the severance payments payable pursuant to Section 8, by their terms and determined as of the date
of Executive’s Separation from Service, may not be made later than the fifteenth (15th) day of the third calendar month
following the later of (A) the end of the Company’s fiscal year in which Executive’s Separation from Service occurs
or (B) the end of the calendar year in which Executive’s Separation from Service occurs, or (ii) (A) such severance payments
do not exceed an amount equal to two times the lesser of (1) the amount of Executive’s annualized compensation based upon
Executive’s annual rate of pay for the calendar year immediately preceding the calendar year in which Executive’s
Separation from Service occurs (adjusted for any increase during the calendar year in which such Separation from Service occurs
that would be expected to continue indefinitely had Executive remained employed with the Company) or (2) the maximum amount that
may be taken into account under a qualified plan pursuant to Section 401(a)(17) for the calendar year in which Executive’s
Separation from Service occurs, and (B) such severance payments shall be completed no later than December 31 of the second calendar
year following the calendar year in which Executive’s Separation from Service occurs. Moreover, the COBRA premium payments
contemplated under Section 8 are intended to be exempt from Section 409A of the Code pursuant to Treasury Regulation Section 1.409A-1(b)(9)(v)
as direct service recipient payments for medical benefits.

 

(c)
Interpretation. To the extent the payments and benefits under this Agreement are subject to Section 409A of the Code, this
Agreement shall be interpreted, construed and administered in a manner that satisfies the requirements of Sections 409A(a)(2),
(3) and (4) of the Code and the Treasury Regulations thereunder (and any applicable transition relief under Section 409A of the
Code).

 

(d)
Parachute Payments. Notwithstanding anything contained in this Agreement to the contrary, to the extent that payments and
benefits provided under this Agreement or otherwise (including the acceleration of vesting of equity awards) to Executive (such
payments or benefits are collectively referred to as the “Payments”) would be subject to the excise tax (the “Excise
Tax”) imposed under Section 4999 of the Code, the Payments shall be reduced (but not below zero) to the extent necessary
so that no Payment to be made or benefit to be provided to Executive shall be subject to the Excise Tax, but only if, by reason
of such reduction, the net after-tax benefit received by Executive shall exceed the net after-tax benefit received by him if no
such reduction was made. For purposes of this Section 9(d), “net after-tax benefit” shall mean (i) the Payments which
Executive receives or is then entitled to receive from the Company that would constitute “parachute payments” within
the meaning of Section 280G of the Code, less (ii) the amount of all federal, state and local income taxes payable with respect
to the foregoing calculated at the maximum marginal income tax rate for each year in which the foregoing shall be paid to Executive
(based on the rate in effect for such year as set forth in the Code as in effect at the time of the first payment of the foregoing),
less (iii) the amount of excise taxes imposed with respect to the payments and benefits described in (i) above by Section 4999
of the Code. The foregoing determination will be made by a nationally recognized accounting firm (the “Accounting Firm”)
selected by Executive and reasonably acceptable to the Company (which may be, but will not be required to be, the Company’s
independent auditors). The Company will direct the Accounting Firm to submit its determination and detailed supporting calculations
to both the affected Executive and the Company within fifteen (15) calendar days after Executive’s date of Separation from
Service. If the Accounting Firm determines that such reduction is required by this Section 9(d) and no Payment constitutes non-qualified
deferred compensation that is subject to Section 409A of the Code, Executive, in Executive’s sole and absolute discretion,
may determine which Payments shall be reduced to the extent necessary so that no portion thereof shall be subject to the excise
tax imposed by Section 4999 of the Code, and the Company shall pay such reduced amount to him. If the Accounting Firm determines
that a reduction is required by this Section 9(d), and any Payment constitutes a “deferral of compensation” within
the meaning of Section 409A of the Code, then the Payments shall be reduced in the following order; (a) reduction in the cash
severance payments described herein (with such reduction being applied to the payments in the reverse order in which they would
otherwise be made, that is, later payments shall be reduced before earlier payments); (b) reduction in any other cash payments
payable to Executive (with such reduction being applied to the payments in the reverse order in which they would otherwise be
made, that is, later payments shall be reduced before earlier payments); (c) cancellation of acceleration of vesting on any equity
awards for which the exercise price exceeds the then fair market value of the underlying equity; and (d) cancellation of acceleration
of vesting of equity awards not covered under (c) above; provided, however that in the event that acceleration of vesting of equity
awards is to be cancelled, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of such equity
awards, that is, later equity awards shall be canceled before earlier equity awards.

 

    6

     

    

 

9.
Arbitration. Executive and the Company agree to submit any and all disputes, controversies, or claims between them
based upon, relating to, or arising from Executive’s employment by the Company or the terms of this Agreement (other than
workers’ compensation claims) to final and binding arbitration before a single neutral arbitrator in Los Angeles or Orange
County, California. Subject to the terms of this paragraph, the arbitration proceedings shall be initiated in accordance with,
and governed by, the National Rules for the Resolution of Employment Disputes (“Rules”) of the American Arbitration
Association (“AAA”). The arbitrator shall be appointed by agreement of the parties hereto or, if no agreement can
be reached, by the AAA pursuant to its Rules. Notwithstanding the Rules, the parties may take discovery in accordance with Sections
1283.05(a)-(d) of the California Code of Civil Procedure (but not subject to the restrictions of Section 1283.05(e)), and prior
to the arbitration hearing the parties may file, and the arbitrator shall rule on, pre-trial motions such as demurrers and motions
for summary judgment (applying the procedural standard embodied in Rule 56 of the Federal Rules of Civil Procedure). The time
for filing such motions shall be determined by the arbitrator. The arbitrator will rule on all pretrial motions at least ten (10)
business days prior to the scheduled hearing date. Arbitration may be compelled, the arbitration award shall be enforced, and
judgment thereon shall be entered, pursuant to the California Arbitration Act (Code of Civil Procedure §§ 1280 et seq.).
The prevailing party in any such arbitration shall be entitled to recover from the other, and the arbitrator is instructed to
award to the prevailing party, an amount equal to the reasonable attorneys’ fees and costs (including expert witness fees)
incurred in connection with the arbitration, except that the Company shall bear AAA’s administrative fees and the arbitrator’s
fees and costs. If any party is required to compel arbitration of a dispute governed by this paragraph, the party prevailing in
that proceeding shall be entitled to recover from the other party its reasonable costs and attorneys’ fees and expenses
incurred to compel arbitration; provided, however, that the prevailing party shall be reimbursed for such fees, costs and expenses
within forty-five (45) days following any such award, but in no event later than the last day of Executive’s taxable year
following the taxable year in which the fees, costs and expenses were incurred; provided, further, that the parties’ obligations
pursuant to this sentence shall terminate on the tenth (10th) anniversary of the date of Executive’s termination of employment.
This paragraph is intended to be the exclusive method for resolving any and all claims by the parties against each other for payment
of damages under this Agreement or relating to Executive’s employment; provided, however, that neither this Agreement nor
the submission to arbitration shall limit the parties’ right to seek provisional relief, including without limitation injunctive
relief, in any court of competent jurisdiction. Executive and the Company expressly waive their right to a jury trial. This paragraph
shall survive the expiration or termination of this Agreement. If any part of this paragraph is found to be void as a matter of
law or public policy, the remainder of the paragraph will continue to be in full force and effect.

 

10.
Miscellaneous.

 

(a)
Assignment. The rights and obligations of the parties under this Agreement shall inure to the benefit of and be binding
upon their respective successors and assigns. Executive agrees that the Company may assign its rights and obligations under this
Agreement to any successor-in-interest. Executive may assign his rights and obligations hereunder only with the express written
consent of the Company, except that the rights under this Agreement shall inure to the benefit of Executive’s heirs or assigns
in the event of his death. Except as expressly provided in this paragraph, no party may assign its/his rights and obligations
hereunder; and any attempt to do so will be void.

 

(b)
Severability. If any provision of this Agreement otherwise is deemed to be invalid or unenforceable or is prohibited by
the laws of the state or jurisdiction where it is to be performed, this Agreement shall be considered divisible as to such provision,
such provision shall be replaced by a provision that is valid and enforceable and that as closely as possible reflects the parties’
intent with respect to such provision and such provision shall be inoperative in such state or jurisdiction and shall not be part
of the consideration moving from any of the parties to any other. The remaining provisions of this Agreement shall be valid and
binding and of like effect as though such provision was not included.

 

(c)
Notice. Notices given pursuant to the provisions of this Agreement shall be delivered personally or sent by certified mail,
postage pre-paid, or by overnight courier, or by fax, if to the Company, to the Company’s then-current business address
or, in the event the notice is to Executive, to the address that Executive has represented to the Company as current.

 

    7

     

    

 

(d) Governing Law.
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California, without
giving effect to the conflict of laws rules thereof.

 

(e)
Waiver, Amendment. The waiver by any party to this Agreement of a breach of any provision hereof by any other party shall
not be construed as a waiver of any subsequent breach. No provision of this Agreement may be terminated, amended, supplemented,
waived or modified other than by an instrument in writing, signed by the party against whom the enforcement of the termination,
amendment, supplement, waiver or modification is sought. If Executive and the Company determine that any payments or benefits
payable under this Agreement intended to comply with Sections 409A(a)(2), (3) and (4) of the Code do not comply with Section 409A
of the Code, the parties agree to amend this Agreement, or take such other actions as the parties deem reasonably necessary or
appropriate, to comply with the requirements of Section 409A of the Code, the Treasury Regulations thereunder (and any applicable
transition relief) while preserving the economic agreement of the parties. If any provision of the Agreement would cause such
payments or benefits to fail to so comply, such provision shall not be effective and shall be null and void with respect to such
payments or benefits, and such provision shall otherwise remain in full force and effect.

 

(f)
 Entire Agreement. This Agreement represents the entire agreement among the parties with respect to the subject matter
of this Agreement and supersedes any previous agreement or understanding.

 

(g)
Execution in Counterparts. This Agreement may be executed in counterparts with the same force and effectiveness as though
executed as a single document.

 

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

 

	MONETIVA,
    INC.	 
	 	 	 
	By:	/s/
    Pierre Sawaya	 
	Name:	Pierre
    Sawaya	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	EXECUTIVE	 
	 	 
	/s/ Pierre Sawaya	 
	Pierre Sawaya	 

 

    8

     

    

 

EXHIBIT
A

 

EMPLOYEE
NON-DISCLOSURE, NON-SOLICITATION AND INTELLECTUAL PROPERTY

ASSIGNMENT AGREEMENT

 

[ATTACHED]

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