Document:

EMPLOYMENT AGREEMENT

 

EMPLOYMENT AGREEMENT dated as of April 26, 2018, by and between
The Giant Beverage Company, Inc., a New York corporation (hereinafter referred to as the “Company”), and Frank
Iemmiti, (hereinafter referred to as “General Manager”).

 

WHEREAS, the Company desires to employ General Manager as the
General Manager of the Company, subject to the terms and conditions of this agreement (this “Agreement”).

 

NOW, THEREFORE, in consideration of the promises and covenants
herein, the parties agree as follows:

 

1.    Employment

 

General Manager accepts employment with the Company and agrees
to commence employment on April 26, 2018 (the “Effective Date”) for a two-year period (the “Term”)
in accordance with the terms and conditions of this Agreement. General Manager may be terminated for cause pursuant to Term 5.1
of this Agreement. In the event of termination for cause, apart from the General Manager’s salary for the current pay period
prior to being terminated for cause, he shall not be entitled to any payments, benefits, damages, awards or compensation from the
date of termination until the remaining period of the two-year term or otherwise.

 

2.    Duties

 

2.1     General Manager shall, during the
term of his employment with the Company, perform the duties of General Manager and shall perform such other duties as shall be
specified and designated from time to time by the Company’s President (the “President”) or his successor or designee.
General Manager shall devote his full business time and effort to the performance of his duties hereunder. The General Manager
shall take directions from and report to the President or such other senior officer of the Company or the Company’s board
of directors (the “Board of Directors”). Notwithstanding the foregoing, General Manager may engage in or serve
such civic, community, charitable, educational, religious or non-profit organizations and boards as he may select so long as such
service does not materially interfere with General Manager’s performance of his duties to the Company as provided in this
Agreement.

 

2.2     General Manager’s employment
hereunder shall be subject to the rules and regulations of the Company involving the general conduct of business of the Company
in force from time to time and applicable to senior General Managers of the Company.

 

2.3     The parties hereto understand and
acknowledge that the Company’s headquarters are currently located in New York, NY. Notwithstanding the foregoing, the Company
agrees that General Manager’s principal work location shall be at the Company’s offices located in Staten Island NY.

 

2.4 The General Manager acknowledges, understands and agrees
that the Company may randomly drug test the General Manager with no notice whatsoever.

 

2.5 Post Closing, the General Manager shall provide in written
form any prior workman’s compensation and medical claims prior to being hired as the General Manager pursuant to this Agreement.

 

3.    Compensation

 

3.1     Salary. The Company
shall pay General Manager an annualized salary of $75,000 (the “Annual Salary”), in accordance with the customary
payroll practices of the Company.

 

3.2     Benefits. Unless authorized
by the Company’s Board of Directors, the General Manager shall be ineligible to participate in the Company’s employee
benefits plans, subject to the terms and conditions of the applicable plan documents, and subject to the Company’s right
to amend, terminate, increase costs and/or take other similar action with respect to any or all of its benefit plans, as with all
other plans and programs of the Company.

 

3.3      Expenses. The Company
shall pay or reimburse General Manager for all pre-approved and reasonable out-of-pocket expenses actually incurred by General
Manager in the performance of General Manager’s services under this Agreement, in accordance with the Company’s expense
reimbursement policies in effect from time to time (including timely submission of proof of such expenses (including, in the case
of reimbursements, proof of payment) in such form as the Company may require).

 

    

    

    

4.    Termination upon Death or Disability

 

This Agreement and the General Manager’s employment shall
terminate upon General Manager’s death. If General Manager becomes disabled, the Company may terminate this Agreement and
General Manager’s employment by written notice to General Manager. For purposes hereof, “disability” shall
be defined to mean General Manager’s inability, due to physical or mental incapacity, to substantially perform his duties
and responsibilities under this Agreement for a period of sixty (60) consecutive days from the date of such disability as determined
by an approved medical doctor selected by the mutual agreement of the parties hereto. In the event that the parties hereto cannot
agree on an approved medical doctor, each party shall select a medical doctor and the two doctors shall select a third medical
doctor who shall serve as the approved medical doctor hereunder. Upon death or termination of employment by virtue of disability,
General Manager (or General Manager’s estate or beneficiaries in the case of the death of General Manager) shall have no
right to receive any compensation or benefit hereunder on and after the effective date of the termination of employment other than
his Annual Salary earned and accrued under this Agreement prior to the effective date of termination. This Agreement shall otherwise
terminate upon the effective date of the termination of employment and General Manager shall have no further rights hereunder.

 

5.    Other Terminations of Employment

 

5.1     Termination for Cause.
The Company may terminate this Agreement and General Manager’s employment hereunder for Cause. For purposes of this Agreement,
“Cause” shall mean: (i) conduct by General Manager constituting a material act of misconduct in connection with
the performance of his duties, including, without limitation, theft, misappropriation of funds or property of the Company or any
of its subsidiaries or affiliates other than the occasional, customary and de minimis use of Company property for personal purposes;
(ii) the commission by General Manager of any felony involving deceit, dishonesty or fraud, or any conduct by General Manager that
would reasonably be expected to result in material economic injury or reputational harm to the Company or any of its subsidiaries
and affiliates if he were retained in his position; (iii) willful and continued non-performance by General Manager of his duties
hereunder (other than by reason of General Manager’s physical or mental illness, incapacity or disability); (iv) a breach
by General Manager of any of the provisions contained in Section 6 of this Agreement; (v) a material violation by General Manager
of the Company’s material written employment policies, where such violations results in material harm to the Company; (vi)
failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law enforcement authorities,
after being instructed by the President or Board of Directors to cooperate, or the willful destruction or failure to preserve documents
or other materials known to be relevant to such investigation or the inducement of others to fail to cooperate or to produce documents
or other materials in connection with such investigation; (vi) failure or refusal to follow the instructions of the Company’s
President or the Company’s Board of Directors; (vii) willful failure to substantially perform his reasonably assigned
material duties hereunder, including but not limited to duties consistent with the General Manager Executive’s position as
are assigned by the Board, (viii) has engaged in willful misconduct in the performance of his duties, (ix) has engaged in conduct
that violated the Company’s then existing written internal policies or procedures that have been provided to the General
Manager in writing; (x) committing or participating in an injurious act of, gross neglect or embezzlement against the Company;
(xi) committing or participating in any other injurious act or omission wantonly, willfully, recklessly or in a manner which was
grossly negligent against the Company, monetarily or otherwise; and (xii) General Manager’s
improper conduct substantially prejudicial to Company’s business; provided that, with respect to
subsections (iii) and (v) above, Cause will only be deemed to occur after written notice to General Manager describing in reasonably
specific detail the events/actions giving rise to the Cause determination, and, if curing such events/actions is feasible, the
failure by General Manager to cure such events/actions giving rise to the Cause determination within thirty (30) days following
such written notice. Notwithstanding any other provision of this Agreement, if the Company terminates General Manager’s employment
in accordance with the terms of this Section 5.1 for Cause, General Manager shall have no right to receive any compensation or
benefit hereunder on and after the effective date of the termination of employment other than Annual Salary earned and accrued
under this Agreement prior to the effective date of termination. This Agreement shall otherwise terminate upon the effective date
of the termination of employment and General Manager shall have no further rights hereunder.

 

5.2     Termination by General
Manager. Notwithstanding any other provision of this Agreement, if General Manager terminates this Agreement and his employment
under this Section 5.2, General Manager shall have no right to receive any compensation or benefit hereunder on and after the effective
date of the termination of employment other than his Annual Salary earned and accrued under this Agreement prior to the effective
date of termination.

 

    

    

    

6.    Other Provisions

 

6.1     Severability. General
Manager acknowledges and agrees that (i) he has had an opportunity to seek advice of counsel in connection with this Agreement;
and (ii) the Restrictive Covenants are reasonable in geographical and temporal scope and in all other respects. If it is determined
by a court of competent jurisdiction that any provision of this Agreement, including, without limitation, any Restrictive Covenant,
or any part thereof, is invalid or unenforceable, the remainder of the Agreement shall not thereby be affected and shall be given
full effect, without regard to the invalid provisions. The parties hereto will substitute for the invalid or unenforceable provision
a new, mutually acceptable, valid and enforceable provision of like economic effect.

 

6.2     Notices. Any notice or other
communication required or permitted hereunder shall be in writing and shall be delivered in person, by facsimile or electronic
mail or by certified or registered mail, postage prepaid. Any such notice given by certified or registered mail shall be deemed
given five days after the date of deposit in the United States mails as follows:

 

or to such other address for the General Manager as is then
on file with the Company.

 

Any such person may by notice given in accordance with this
Section to the other party designate another address or person for receipt by such person of notices hereunder.

 

6.3    Entire Agreement. This Agreement
constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and terminates
and supersedes any and all prior agreements, understandings and representations, whether written or oral, by or between the parties
hereto or their affiliates that may have related to the subject matter hereof in any way.

 

6.4     Waivers and Amendments.
This Agreement may be amended, superseded or canceled, and the terms hereof may be waived, only by a written instrument singed
by the parties or, in the case of a waiver, by the party waiving compliance. No delay by either party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any such right,
power or privilege nor any single or partial exercise as any such right, power or privilege, preclude any other or further exercise
thereof or the exercise of any other such right, power or privilege.

 

6.5     GOVERNING LAW. THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORKWITH REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 

6.6     Venue. The parties
agree irrevocably to submit to the exclusive jurisdiction of the federal courts or, if no federal jurisdiction exists, the state
courts, located in New York City, New York, for the purposes of any suit, action or other proceeding brought by any party arising
out of any breach of any of the provisions of this Agreement and hereby waive, and agree not to assert by way of motion, as a defense
or otherwise, in any such suit, action, or proceeding, any claim that it is not personally subject to the jurisdiction of the above-named
courts, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding
is improper, or that the provisions of this Agreement may not be enforced in or by such courts. Each party is individually responsible
for its own legal fees and expenses regardless of the disposition of any suit, action, proceeding or claim.

 

6.7     Assignment. This Agreement,
and General Manager’s rights and obligations hereunder, may not be assigned by General Manager without the prior written
consent of the Company; any purported assignment by General Manager in violation hereof shall be null and void. In the event of
any sale, transfer or other disposition of all or substantially all of the Company’s assets or business, whether by merger,
consolidation or otherwise, the Company shall assign this Agreement and its rights and obligations hereunder.

 

6.8     Withholding. The Company
shall be entitled to withhold from any payments or deemed payments any amount of withholding required by applicable law.

 

6.9     Binding Effect. This
Agreement shall be binding upon and inure to the benefit of the parties and their respective successors, permitted assigns, heirs,
executors and legal representatives.

 

6.10     Headings. The headings
in this Agreement are for reference only and shall not affect the interpretation of this Agreement.

 

6.11     Counterparts. This
Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be
an original but all such counterparts together shall constitute one and the same instrument. Each counterpart may consist of two
copies hereof each signed by one of the parties hereto.

 

6.12     Third-Party Agreements and
Rights. General Manager represents to the Company that General Manager’s execution of this Agreement, General Manager’s
employment with the Company and the performance of General Manager’s proposed duties for the Company will not violate any
obligations General Manager may have to any previous employer or any other party. In General Manager’s work for the Company,
General Manager will not disclose or make use of any information in violation of any agreements with or rights of any previous
employer or other party, and General Manager will not bring to the premises of the Company any copies or other tangible embodiments
of non-public information belonging to or obtained from any previous employment or other party.

 

6.13       Legal Fees/Expenses.
In the event of a dispute between the Parties, each Party will be responsible for its own legal fees and expenses.

 

    

    

    

 

 

IN WITNESS WHEREOF, the parties hereto have signed their names
as of the day and year first above written.

 

 

 

	THE GIANT BEVERAGE COMPANY, INC. 
	 	 
		 /s/ Fernando Oswaldo Leonzo
	 	Fernando Oswaldo Leonzo
	 	President
	 	 
	GENERAL MANAGER  
	 
	 	 
		 /s/ Frank Iemmiti
	 	Frank IemmitiPROMISSORY
NOTE 

Note Amount: $109,995

Note Term: 24 months

 

TERMS

 

This promissory
note (the “Note”) dated as of April 26, 2018 (the “Effective Date”) is between The Giant Beverage Company,
Inc., a New York corporation (“Giant”) and Frank Iemmiti and Anthony Iemmiti (collectively referred to herein as the
“Holder” or “Iemmiti”), in connection with the purchase agreement between Life on Earth, Inc., f/k/a Hispanica
International Delights of America, Inc. (“LFER” or the “Company”,) and Iemmiti providing for the purchase
of Giant by LFER. For purposes of this Agreement, Giant refers to the post-closing entity purchased by LFER.

So long as any
portion of this Note remains outstanding and unpaid, the Company will comply with the following provisions to which this Note is
subject and by which it is governed.

1.For value
received, the Company promises to pay to the Holder as the holder hereof, the principal sum of $109,995 (the “Principal Amount”),
together with principal and interest set forth in term 1 below.

2.Payments and
Term. Principal and Interest shall be payable with amortized monthly payments of $4,925, the first payment of which shall not be
due until 60 days after the Effective Date and continuing until repayment of this Note in full, at a rate equal to seven percent
(7%) per annum. The first payment shall not be due until 60 days after the Closing of the Purchase Agreement. The Note will
mature 2 years from the Issue Date reflected above (the “Maturity Date”). Unless earlier converted, all payments of
principal and interest shall be in lawful money of the United States of America. Prepayment of the principal amount of this Note,
together with all accrued and unpaid interest on the portion of principal so prepaid, may be made in whole or in part at any time
without penalty. The principal and accrued interest may be prepaid with no prepayment penalty.

 

3. Security. This Note is secured by the
assets of Giant.

 

4. Subordination. This Note is subordinated
to the existing debt of Giant reflected in Giant’s Balance Sheet as of July 31, 2017, with the exception of the Wells Fargo
and Empire State Bank loans that will be paid off by the Buyer at closing. Additionally, this Note is subordinated to any future
debt of Giant as long as the Company has not missed any payments.

 

5. Assignment. The Company in its sole
discretion may assign the Note to a third party. 

 

6. Events of Default. The following shall
constitute events of default: (a) Failure to Pay. The Company shall fail to pay (i) when due any principal payment on
the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or the (as defined
below) on the date due and such payment shall not have been made within five (5) days following the date when due:

(a)  Failure to Comply. The Company
shall fail to comply in any material respect with the terms, conditions and covenants of the Notes.

(b) Voluntary Bankruptcy or Insolvency
Proceedings. The Company shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian
of itself or of all or a substantial part of its property, (ii) admit in writing its inability to pay its debts generally
as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or
liquidated, (v) commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect
to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such
relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding
commenced against it, or (vi) take any action for the purpose of effecting any of the foregoing.

(c) Involuntary
Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of the
Company, or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation,
reorganization or other relief with respect to the Company, if any, or the debts thereof under any bankruptcy, insolvency or other
similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed
or discharged within 90 days of commencement.

    

    

    

 

7. Miscellaneous.

 

(a) Waivers.
The Company hereby waives demand for payment, notice of dishonor, presentment, protest and notice of protest. No failure or delay
on the part of the holder of this Note in exercising any power or right under this Note shall operate as a waiver thereof, nor
shall any single or partial exercise of any such power or right preclude any other or further exercise thereof of the exercise
of any other power or right. No notice to or demand on the Company in any case shall entitle the Company to any notice or demand
in similar or other circumstances.

(b) Amendment.
This Note may not be amended or modified, nor may any of its terms be waived, except by written instrument signed by the Parties.

(c) Binding;
Successors and Assigns. If any provision of this Note is determined to be invalid, illegal or unenforceable, in whole or in
part, the validity, legality and enforceability of any of the remaining portions of this Note shall not in any way be affected
or impaired thereby, and this Note shall nevertheless be binding between the Company and the Holder. This Note shall be binding
upon, inure to the benefit of and be enforceable by the Company, the Holder and their respective successors and assigns.

(d) Governing
Law; Venue. The terms of this Note shall be construed and governed in all respects by the laws of the State of New York, without
regard to principles of conflict of laws. Any and all disputes arising out of or related to this Note or the shall be adjudicated
exclusively in the state or federal courts located in New York. Each of the parties hereto submits itself to the jurisdiction of
the courts of the State of New York and the Federal courts of the United States located in such state in respect of all actions
arising out of or in connection with the interpretation or enforcement of the Note, waives any argument that venue in such forums
is not convenient and agrees that any actions initiated by either party hereto shall be appropriately venued in such forums.

(e) Notices.
All notices or other communications required or permitted hereunder shall be in writing and shall be deemed effectively given:
(i) upon personal delivery to the party to be notified; (ii) when sent by confirmed facsimile if sent during the normal
business hours of the recipient, if not, then on the next business day; (iii) one (1) business day after deposit with
a nationally recognized overnight courier designating next business day delivery; or (iv) five (5) days after having
been sent by registered or certified mail, return receipt requested, postage prepaid. All notices and other communications shall
be sent to the address or facsimile number as set forth on the signature page hereof or at such other address as such party may
designate by ten (10) days’ advance written notice to the other parties.

 

(f) Time of
the Essence; Remedies. Time is of the essence of this Note. The rights and remedies under this Note are cumulative and not
exclusive of any rights, remedies, powers and privileges that may otherwise be available to the Holder.

(g) Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from
this Note, the balance of the Note shall be interpreted as if such provision were so excluded and shall be enforceable in accordance
with its terms, and the parties shall use good faith to negotiate a substitute, valid and enforceable provision that replaces the
excluded provision and that most nearly effects the parties’ intent in entering into this Note.

(h) Entire
Note. This Note constitutes the full and entire understanding, promise and agreement between the Company and the Holder with
respect to the subject matter hereof and thereof, and supersede, merge and render void every other prior written and/or oral understanding,
promise or agreement between the Company and the Holder with respect to the subject matter hereof and thereof.

(i) Headings. Section
headings are inserted herein for convenience only and do not form a part of this Note.

 

(j) Legal Fees/ Expenses. In the event of a legal dispute between
the Parties, each Party will be responsible for its own legal fees and expenses.

 

    

    

    

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

 

	 	 
	THE GIANT BEVERAGE COMPANY, INC., THE DEBTOR
	 	 
		 /s/ Fernando Oswaldo Leonzo
	 	Fernando Oswaldo Leonzo
	 	President
	 	 

 

 

IN WITNESS WHEREOF,
the undersigned CREDITOR has executed this Agreement as of the date first above written.

 

		 /s/ Frank Iemmiti
	 	Frank Iemmiti
	 	 
		 /s/  Anthony Iemmiti
	 	Anthony Iemmiti

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