Document:

Exihibit 10.1

 

 

AMENDMENT

 

TO

 

EMPLOYMENT AGREEMENT

 

This Amendment to Employment
Agreement (this “Amendment”) is made as of April 8, 2020, by and among GL Brands, Inc., a Nevada corporation
(the “Company”) and Carlos Frias (the “Employee”).

 

WHEREAS, the Company
and the Employee are parties to that certain Employment Agreement, dated as of May 31, 2019, and amended November 18, 2019 (the
“Agreement”);

 

WHEREAS, the parties
desire to now amend certain of the terms of the Employee Agreement on the terms set forth herein; and

 

NOW, THEREFORE, the
Company and the Employee hereby agree as follows:

 

1.              
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

2.              
Amendment. The Agreement is hereby amended to reduce the Base Salary from $200,000 to $150,000.

 

3.              
Agreement. Except as modified by this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

4.              
Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State
of Texas, without giving effect to the principles of conflicts of law.

 

5.              
Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

 

 

[Signature
page follows]

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

 

	 	 

THE COMPANY:

 

GL Brands, Inc.

 

By: /s/ Carlos Frias

       Name: Carlos Frias

       Title: CEO

 

THE EMPLOYEE:

 

Carlos Frias

 

By: /s/ Carlos Frias

       Individually

 

 

 

 

[Signature Page to Amendment to Employment
Agreement]

 

    	 	2Exhibit 10.2

 

AMENDMENT

 

TO

EMPLOYMENT AGREEMENT

 

This Amendment to Employment
Agreement (this “Amendment”) is made as of April 8, 2020, by and among GL Brands, Inc., a Nevada corporation
(the “Company”) and Daniel Nguyen (the “Employee”).

 

WHEREAS, the Company
and the Employee are parties to that certain Employment Agreement, dated as of May 31, 2019, and amended November 18, 2019 (the
“Agreement”);

 

WHEREAS, the parties
desire to now amend certain of the terms of the Employee Agreement on the terms set forth herein; and

 

NOW, THEREFORE, the
Company and the Employee hereby agree as follows:

 

1.              
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

2.              
Amendment. The Agreement is hereby amended to reduce the Base Salary from $150,000 to $130,000.

 

3.              
Agreement. Except as modified by this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

4.              
Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State
of Texas, without giving effect to the principles of conflicts of law.

 

5.              
Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

 

 

[Signature
page follows]

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

 

	 	 THE COMPANY:

 

GL Brands, Inc.

 

By: /s/ Carlos Frias

       Name: Carlos Frias

       Title: CEO

 

THE EMPLOYEE:

 

Daniel Nguyen

 

By: /s/ Daniel Nguyen

      Individually

 

 

 

 

 

[Signature Page to Amendment to Employment
Agreement]

 

    	 	2Exhibit 10.3

 

AMENDMENT

 

TO

 

EMPLOYMENT AGREEMENT

 

This Amendment to Employment
Agreement (this “Amendment”) is made as of April 8, 2020, by and among GL Brands, Inc., a Nevada corporation
(the “Company”) and Alex Frias (the “Employee”).

 

WHEREAS, the Company
and the Employee are parties to that certain Employment Agreement, dated as of May 31, 2019, and amended November 18, 2019 (the
“Agreement”);

 

WHEREAS, the parties
desire to now amend certain of the terms of the Employee Agreement on the terms set forth herein; and

 

NOW, THEREFORE, the
Company and the Employee hereby agree as follows:

 

1.              
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

2.              
Amendment. The Agreement is hereby amended to reduce the Base Salary from $150,000 to $130,000.

 

3.              
Agreement. Except as modified by this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

4.              
Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State
of Texas, without giving effect to the principles of conflicts of law.

 

5.              
Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

 

 

 

[Signature
page follows]

 

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

 

	 	 

THE COMPANY:

 

GL Brands, Inc.

 

By: /s/ Carlos Frias

       Name: Carlos Frias

       Title: CEO

 

THE EMPLOYEE:

 

Alex Frias

 

By: /s/ Alex Frias

       Individually

 

 

 

 

 

 

 

 

[Signature Page to Amendment to Employment
Agreement]

 

    	 	2Exhibit 10.4

 

AMENDMENT

 

TO

 

EMPLOYMENT AGREEMENT

 

This Amendment to Employment
Agreement (this “Amendment”) is made as of April 8, 2020, by and among GL Brands, Inc., a Nevada corporation
(the “Company”) and Brian Moon (the “Employee”).

 

WHEREAS, the Company
and the Employee are parties to that certain Employment Agreement, dated as of August 5, 2019 (the “Agreement”);

 

WHEREAS, the parties
desire to now amend certain of the terms of the Employee Agreement on the terms set forth herein; and

 

NOW, THEREFORE, the
Company and the Employee hereby agree as follows:

 

1.              
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

2.              
Amendment. The Agreement is hereby amended to reduce the Base Salary from $150,000 to $130,000.

 

3.              
Agreement. Except as modified by this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

4.              
Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State
of Texas, without giving effect to the principles of conflicts of law.

 

5.              
Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

 

[Signature
page follows]

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

 

	 	 THE COMPANY:

 

GL Brands, Inc.

 

By: /s/ Carlos Frias

       Name: Carlos Frias

       Title: CEO

 

THE EMPLOYEE:

 

Brian Moon

 

By: /s/ Brian Moon

       Individually

 

 

 

 

 

 

 

 

[Signature Page to Amendment to Employment
Agreement]

 

 

 

    	 	2Exhibit 10.5

 

AMENDMENT NO. 1

 

TO

 

STRATEGIC CONSULTING AGREEMENT

 

This
Amendment No. 1 to Strategic Consulting Agreement (this “Amendment”) is made as of April 4, 2020, by and among
GL Brands, Inc., a Nevada corporation (the “Company”) and Merida Advisor, LLC, a Delaware limited liability
company (the “Consultant”).

 

WHEREAS,
the Company and the Consultant are parties to that certain Strategic Consulting Agreement, dated as of November 18, 2019 (the
“Agreement”), pursuant to which the Consultant would be paid $5,000 per month in cash beginning January 1,
2020 (the “Monthly Cash Consulting Fee”);

 

WHEREAS,
the Company has not paid the Consultant any Monthly Cash Consulting Fee to date;

 

WHEREAS,
the parties desire to now amend certain of the terms of the Consultant Agreement on the terms set forth herein; and

 

NOW, THEREFORE, the Company and the Consultant
hereby agree as follows:

 

1.              
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

2.              
Amendment. The Agreement is hereby amended to remove in its entirety the Company’s requirement to pay the
Consultant the Monthly Cash Consulting Fee, effective as of the date of the original Agreement. For clarity, no Monthly Cash Consulting
Fee for any period, including dates prior to the date hereof, shall be due to the Consultant pursuant to the Agreement.

 

3.              
Agreement. Except as modified by this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

4.              
Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State
of New York, without giving effect to the principles of conflicts of law.

 

5.              
Counterparts.This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

 

[Signature page follows]

 

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

 

	 	 THE COMPANY:

 

GL BRANDS, INC.

 

By:
/s/ Carlos Frias

       Name: Carlos Frias

       Title: CEO

 

THE CONSULTANT:

 

MERIDA ADVISOR, LLC

 

By: /s/ Mitch
Baruchowitz

      Name: Mitch
Baruchowitz

       Title: Managing
Partner

 

 

[Signature Page to Amendment No. 1 to Strategic
Consulting Agreement]

 

 

 

    	 	2

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