Document:

Exhibit 10.10

 

SETTLEMENT AGREEMENT 

 

 

This
Settlement Agreement ("Agreement") has been entered into on May 15th, 2015 by and among, EZJR, Inc., a Nevada
corporation (the "Company"), Edward Zimbardi, Brenda Zimbardi and AdMaxOffers.com LLC, a Georgia Limited Liability Company
("AdMaxOffers"). The foregoing are sometimes referred to collectively as the "Parties" and individually as
a "Party."

 

RECITALS

 

OW Realty and Leading Edge Financial are a
wholly owned subsidiaries of EZJR, Inc. OW Marketing is a subsidiary of OW Realty. OWR, LEF and OWM have their own assets and liabilities.
EZJR, Inc. desires to streamline and structure its operations, in order to build its business and make the Company attractive for
a possible secondary offering in the future. In order to enhance both company and shareholder value, management has agreed to enter
into this Settlement Agreement, whereby the Company will re-structure its organization. The Parties agree to settle any claims
in accordance with the terms and conditions detailed herein.

AGREEMENT

NOW THEREFORE, in consideration of the
mutual covenants, agreements and releases contained in this Agreement, the Parties agree as follows:

I. NO ADMISSIONS

Each Party understands, acknowledges and agrees
that the negotiation, execution, and performance of this Agreement shall not constitute, or be construed as, an admission of any
liability or wrongdoing on the part of any Party.

 

II. SETTLEMENT

 

In order to settle this matter, the Parties
agree to the following:

 

1. EZJR divests itself of OWR, LEF and OWM,
effectively immediately. All stock in OWR and LEF hereby transferred to AdMaxOffers in exchange for 650,000 shares of restricted
common stock in EZJR. In doing so, the assets and obligations of OWR, LEF and OWM are no longer the assets nor liabilities of EZJR.
However, EZJR agrees to assume the following liabilities of OWM and LEF: 1) estimated unpaid payroll taxes of $6,675 plus estimated
late fees of $1,033; 2) remaining Administrative fees and other fees owed under an Assurance of Voluntary Compliance pursuant to
the Fair Business Practice Act with the State of Georgia of approximately $10,000; 3) refund of $1,500 due California customer;
and 4) and the $25,000 Note plus interest owed to Rick Jesky. Additionally, the Company agrees to reimburse Edward Zimbardi and
Brenda Zimbardi up to $10,000 for legal fees they may incur to defend against lawsuits related to any lawful actions that they
took on behalf of the Company as an officer of the Company or any of its subsidiaries at the time. In turn, OWM will assume any
compensation owed to both Adam Alred and Ed Zimbardi for work performed as officers of EZJR. EZJR will retire and cancel the 650,000
common shares.

 

2. Ed Zimbardi agrees that any amounts for
payroll owed to him are the responsibility of OWR and OWM.

 

3. Ed Zimbardi will resign as CEO and from
the Board of Directors of EZJR.

 

4. Ed and Brenda
Zimbardi agree to help and cooperate with the management of EZJR, and to help and cooperate
with the Company's independent auditor to complete the financials of the Company in a timely manner. This includes but not limited
to execute and deliver all papers, documents and instruments as may be necessary to complete the Company's financials.

 

5. This is considered an arm's length transaction.
The Parties are working as independent contractors to each other.

 

In consideration of to the above actions, EZJR
will release and forever discharge the Parties, from any and all past, present or future claims, demands, obligations, actions,
causes of action, rights, damages, costs, loss of services, expenses and compensation which the Parties now has, or which may hereafter
accrue or otherwise be acquired by the Parties on account of, or in any way growing out any dispute.

 

In consideration of to the above actions, the
Parties will release and forever discharge EZJR, from any and all past, present or future claims, demands, obligations, actions,
causes of action, rights, damages, costs, loss of services, expenses and compensation which the EZJR now has, or which may hereafter
accrue or otherwise be acquired by EZJR on account of, or in any way growing out any dispute.

 

III. COSTS AND FEES

 

Each Party agrees to bear and pay such Party's
own costs, attorneys' fees, and consultants’ and experts’ fees, if any, incurred in connection with this Agreement,
and the negotiation of this Agreement and all claims released in this Agreement.

 

IV. INDEMNIFICATION

 

This Settlement
Agreement shall provide that both Parties shall mutually indemnify, defend and hold harmless each other, including by not limited,
to its officers, directors, heirs, executors, administrators, personal representatives, successors and assigns
from and against any and all costs, expenses, losses, damages and liabilities suffered by either party to the extent they result
from any breach of or inaccuracy of any representation or warranty of either party contained in this Settlement Agreement. 

 

V. INTERPRETATION, CONSTRUCTION, SEVERABILITY,

 

THIRD PARTY RIGHTS AND WAIVER 

 

A. No Prejudice. Nothing in this Agreement
is intended to waive or prejudice any claims or defenses of any Party in any subsequent litigation between the Parties, except
as provided herein, and may not be used as evidence for or against either Party except in the case of an action or proceeding relating
to:

 

1. The specific enforcement of its provisions,
including any action relating to breach of the Agreement or pursuant to Section V

 

B. Interpretation, construction and severability.
 If any provision of this Agreement requires interpretation or construction, the Parties agree that this Agreement will be
interpreted or construed without any presumption that the provisions of this Agreement are to be strictly construed against the
Party which itself, or through its agents, prepared the Agreement; it being agreed that the Parties and their respective counsel,
if any, and other agents have fully and equally participated in the preparation, negotiation, review and approval of all provisions
of this Agreement. If any provision in this Agreement is held to be invalid or unenforceable on any occasion or in any circumstance,
such holding shall not be deemed to render the Agreement invalid or unenforceable, and to that extent the provisions of this Agreement
are severable; provided, however, that this provision shall not preclude a court of competent jurisdiction from refusing to sever
any provision if severance would be inequitable to one or more of the Parties.

 

C. Third-Party Rights Not Created. Nothing
in this Agreement is intended to create any substantive, procedural or other rights in or benefits for any person not a party to
this Agreement. This includes any right to sue for enforcement based upon any claim as a third-party beneficiary.

 

D. No Waiver. This Agreement does not
waive any applicable statutory or administrative prerequisites to challenging any agency final decision.

 

VI. GOVERNING LAW, DISPUTE RESOLUTION 

 

The Parties agree that this Agreement will
be construed and enforced in accordance with the laws of the United States and the State of Nevada. If any dispute arises between
the Parties arising out of, or relating to this Agreement or the interpretation or enforcement thereof, or a dispute dealing with
the enforcement or implementation of this Agreement ("Dispute"), the Parties agree that they will first attempt to resolve
the Dispute through direct negotiations. If such efforts to resolve the Dispute through negotiations fail, the Parties agree to
mediate the Dispute with the Parties sharing the mediation costs equally. The Parties will jointly select a mediator. If a Party
refuses to participate or the mediation does not produce a prompt resolution, the Dispute will be resolved in the Nevada court
system.

 

VII. EXECUTION

 

A. Counterparts. This Agreement may
be executed in two or more counterparts, all of which shall, upon execution and delivery of identical counterparts by all Parties,
comprise a single agreement. The Parties will accept facsimile signatures as original signatures. Each Party will promptly provide
the other Parties with original signatures after execution.

 

B. When Binding. The Parties recognize
that decisions whether to execute this Agreement are made individually by the Parties. As a result, this Agreement will be binding
on the Parties when signed by all of their representatives as delineated below.

 

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

 

EZJR, Inc.,

 

 

/s/ Barry Hall

Barry Hall

Executive Chairman and CFO

 

 

AdMaxOffers.com LLC

 

 

/s/ Brenda Zimbardi

Brenda Zimbardi, Managing Member

 

/s/ Edward Zimbardi

Edward Zimbardi

 

 

/s/ Brenda Zimbardi

Brenda ZimbardiConverted by EDGARwiz

Exhibit 10.12

ADDENDUM TO EMPLOYMENT AGREEMENT

THIS  ADDENDUM  TO  EMPLOYMENT  AGREEMENT  (this  “Addendum”)  is  made  and  entered  into

effective  as  of  March  6,  2015,  (the  “Addendum  Date”)  by  and  between  Sunvesta,  Inc.,  a  Florida

corporation   (the   “Company”)   and   Josef   Mettler,   a   Swiss   resident   (the   “Executive”)   (hereafter

collectively the “Parties”).

RECITALS

WHEREAS,  the  Company  and  Executive  are  parties  to  that  Employment  Agreement  dated  as  of  July  4,

2013  (the  “Employment  Agreement”),which  set  forth  the  terms  of  Executive’s  employment  as  Chief

Executive Officer and Chief Financial Officer of the Company; and

WHEREAS,  since  the  execution  of  the  Employment  Agreement  the  Executive  has  taken  on  additional

responsibilities  on  behalf  of  the  Company  in  relation  to  its  efforts  to  procure  financing  to  complete  the

development   of   the   Paradisus   Papagayo   Bay   Resort   &   Luxury   Villas   project   (the   “Project”)   in

Guanacaste province, Costa Rica; and

WHEREAS,  the  Company  wishes  to  amend  Executive’s  Employment  Agreement  to  revise  the  bonus

provision  thereto,  as  described  in  this  Addendum,  to  provide  supplemental  incentives  tied  to  Executive’s

performance in achieving defined milestones; and

WHEREAS,   the   Company  and   Executive   wish   to  memorialize   this   revised  bonus   provision  as   an

Addendum to the Employment Agreement.

NOW,   THEREFORE,   in   consideration   of   the   mutual   promises,   covenants   and   agreements   herein

contained, intending to be legally bound, the Parties hereby agree as follows:

1.

Section  4  titled  Compensation  subsection  (b)  titled  Bonuses  numbered  (ii)  of  the  Employment

Agreement is hereby amended in its entirety as follows:

4.(b)(ii)

Executive  shall  be  entitled  to  receive  certain  bonuses  on  the  satisfaction  of  defined

objectives on the following terms and conditions as hereinafter described:

     $150,000  on  the  execution  of  an  engagement  letter  with  a  licensed  private  equity  firm  for  the

purpose  of  participating  in  the  financing  of  $100,000,000  in  secured  bonds  to  finance  the  Project

on or before March 31, 2015.

     $800,000  on  the  realization  of  a  financing  in  the  amount  of  no  less  than  $80,000,000  in  secured

bonds to finance the major portion of the Project on or before December 31, 2015.

     $500,000  on  the  realization  of  a  financing  of  no  less  than  $30,000,000  in  unsecured  bonds  to

satisfy an outstanding bond issue and working capital requirements on or before July 31, 2015.

     $400,000  on  the  realization  of  construction  financing  of  at  least  $40,000,000  to  finance  the

remainder of the Project on or before December 31, 2015.

     $500,000 on the realization of a stock exchange listing in correlation with an equity offering of no

less than $10,000,000 on or before December 31, 2015.

1

Exhibit 10.12

Executive  shall  be  entitled  to  35%  of  the  aggregate  of  amount  of  the  Bonuses  aforementioned  in  this

Section 4.(b)(ii) on execution of this Addendum.

Executive  shall  be  further  entitled to convert  the remaining 65%  of  those amounts to be paid, in full  or  in

part,  only  against  the  realization  of  those  defined  objectives  aforementioned  in  this  Section  4.(b)(ii),  into

shares of the Company’s common stock par value $0.01, at a conversion price of $0.25 per share.

2.

Except  as  expressly  provided  herein,  the  terms  and  conditions  of  the  Employment  Agreement

shall remain in full force and effect and shall bind be binding on the Parties.

IN WITNESS WHEREOF, the Parties have executed this Addendum effective as of the date first above.

EXECUTIVE

/s/ Josef Mettler

Josef Mettler

COMPANY

/s/ Howard M. Glicken

By: Howard M. Glicken

Title: Director

On behalf of the Board of Directors

2

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