Document:

MEMBERSHIP
UNIT

PURCHASE
AGREEMENT

 

THIS
MEMBERSHIP UNIT PURCHASE AGREEMENT (the “Agreement”), made as of March 9, 2017 (the “Effective Date”),
by and between TCA GLOBAL CREDIT MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands
(“TCA”), and Intelligent Highway Solutions, Inc., a corporation organized and existing under the laws of the
State of Nevada, (“Intelligent Highway”). Each of TCA and Intelligent Highway is a “Party”
and are together, the “Parties.”

 

W
I T N E S S E T H:

 

WHEREAS,
the Parties have entered into that certain Senior Secured Revolving Credit Facility Agreement, dated as of February 28, 2017 and
made effective as of March 9, 2017 (the “Credit Agreement”), by and among TCA, as lender, Intelligent Highway, as
joint and several co-borrower and joint and several guarantor, TCA Cresent Construction Company, LLC, as joint and several co-borrower
(“TCA Cresent”), and Cresent Construction Company, Inc., a North Carolina corporation, as guarantor;

 

WHEREAS,
TCA owns 80,000 Class B Membership Units (the “Class B Membership Units”) of TCA Cresent;

 

WHEREAS,
in connection with the Credit Agreement, TCA desires, subject to the terms and conditions contained herein, to sell to Intelligent
Highway, and Intelligent Highway wishes to purchase from TCA, the Membership Units;

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and representations of the Parties hereto, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

1.
Incorporation of Recitals. The recitals set forth hereinabove are hereby incorporated herein by reference with the same
force and effect as if fully hereinafter set forth.

 

2.
Agreement to Purchase and Sell. Upon the terms and subject to the conditions set forth in this Agreement, TCA hereby agrees
to sell to Intelligent Highway, and Intelligent Highway agrees to purchase from TCA, the Membership Units, in consideration for
Intelligent Highway’s agreement to enter into that certain Credit Agreement as a primary, joint and several obligor (as
co-borrower) and as joint and several guarantor.

 

3.
Representations and Warranties of Intelligent Highway. Intelligent Highway hereby represents and warrants to TCA as follows:

 

(a)
Legal Capacity. Intelligent Highway has full legal capacity to enter into this Agreement and consummate the transactions
described herein, if any.

 

    	1

     

    

 

(b)
Authorizations. Intelligent Highway has full power and authority to execute and deliver this Agreement, to perform his
obligations hereunder and to consummate the transactions contemplated herein. The execution, delivery and performance of this
Agreement has been duly authorized by all requisite action. This Agreement constitutes, legal, valid and binding obligations of
Intelligent Highway, enforceable against Intelligent Highway in accordance with its terms. All consents, waivers, approvals, authorizations,
exemptions, registrations, filings, licenses or declarations required to be made or obtained by Intelligent Highway in connection
with (i) the execution, delivery or enforceability of this Agreement or (ii) the consummation of any of the transactions described
herein, have been duly made or obtained by Intelligent Highway.

 

(c)
No Conflicts, etc. Neither the execution and delivery by Intelligent Highway of this Agreement, nor the performance by
Intelligent Highway of its obligations hereunder, nor the consummation of the transactions contemplated herein, will conflict
with or violate any provision of any agreement to which Intelligent Highway is a party. There is no Proceeding pending or, to
the knowledge of Intelligent Highway, threatened against Intelligent Highway (i) which questions the validity of, or the obligations
of Intelligent Highway under this Agreement, or (ii) which seeks to impede, enjoin or invalidate the transactions contemplated
herein, in whole or in part.

 

4.
Notices. Any notice, request or other communication to be given or made under this Agreement to the Parties shall be in
writing. Such notice, request or other communication shall be deemed to have been duly given or made when it shall be delivered
by hand, international courier (confirmed by facsimile), or facsimile (with a hard copy delivered within two (2) business days)
to the Party to which it is required or permitted to be given or made at such Party’s address specified below or at such
other address as such Party shall have designated by notice to the Party given or making such notice, request or other communication,
it being understood that the failure to deliver a copy of any notice, request or other communication to a Party to whom copies
are to be sent shall not affect the validity of any such notice, request or other communication or constitute a breach of this
Agreement.

 

	If
    to Intelligent Highway:	Intelligent
    Highway Solutions, Inc.
	 	9516
    Rossport Way
	 	Elk
    Grove, California 95624
	 	Attn:
    Philip Kirkland
	 	E-Mail:
    Philip@hwysolutions.com
	 	 
	If to TCA:	TCA
    Global Credit Master Fund, LP
	 	3960
    Howard Hughes Parkway, Suite 500
	 	Las
    Vegas, NV 89169
	 	Attn:
    Mr. Robert Press
	 	E-Mail:
    bpress@tcaglobalfund.com
	 	 
	With a copy
    to:	Lucosky
    Brookman LLP
	(which
    shall not constitute notice)	101
    Wood Avenue South, 5th Floor
	 	Woodbridge,
    NJ 08830
	 	Attn:
    Seth A. Brookman, Esq.
	 	E-Mail:
    sbrookman@lucbro.com

 

5.
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original,
but all of which together shall constitute a single instrument.

 

    	2

     

    

 

6.
Entire Agreement. This Agreement sets forth the entire understanding and agreement between the Parties as to the matters
covered herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or
oral, of any and every nature with respect thereto.

 

7.
Severability. In the event that any provision of this Agreement shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby as long as the remaining
provisions do not fundamentally alter the relations among the Parties hereto.

 

8.
No Set-Off. All obligations hereunder shall be satisfied in full without set-off, defense or counterclaim.

 

9.
Applicable Law; Venue. Except in the case of the Mandatory Forum Selection Clause, which clause shall be governed and interpreted
in accordance with Florida law, this Agreement shall be delivered and accepted in and shall be deemed to be contracts made under
and governed by the internal laws of the State of Nevada, and for all purposes shall be construed in accordance with the laws
of such State, without giving effect to the choice of law provisions of such State.

 

10.
MANDATORY FORUM SELECTION. (a) THE PARTIES IRREVOCABLY AGREE THAT ANY DISPUTE
ARISING UNDER, RELATING TO, OR IN CONNECTION WITH, DIRECTLY OR INDIRECTLY, THIS AGREEMENT OR RELATED TO ANY MATTER WHICH IS THE
SUBJECT OF OR INCIDENTAL TO THIS AGREEMENT (WHETHER OR NOT SUCH CLAIM IS BASED UPON BREACH OF CONTRACT OR TORT) SHALL BE SUBJECT
TO THE EXCLUSIVE JURISDICTION AND VENUE OF THE STATE AND/OR FEDERAL COURTS LOCATED IN BROWARD COUNTY, FLORIDA OR CLARK
COUNTY, NEVADA, AS DETERMINED BY TCA IN ITS SOLE AND ABSOLUTE DISCRETION. THIS PROVISION IS INTENDED TO BE A “MANDATORY”
FORUM SELECTION CLAUSE AND GOVERNED BY AND INTERPRETED CONSISTENT WITH FLORIDA LAW. INTELLIGENT HIGHWAY HEREBY CONSENTS TO THE
EXCLUSIVE JURISDICTION AND VENUE OF ANY STATE OR FEDERAL COURT HAVING ITS SITUS IN SAID COUNTY, AND WAIVES ANY OBJECTION BASED
ON FORUM NON CONVENIENS. INTELLIGENT HIGHWAY HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS AND CONSENT THAT ALL SUCH SERVICE
OF PROCESS MAY BE MADE BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO THE COMPANY AND GUARANTORS AS SET FORTH HEREIN
IN THE MANNER PROVIDED BY APPLICABLE STATUTE, LAW, RULE OF COURT OR OTHERWISE.

 

(a)
EACH PARTY HEREBY WAIVES ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

    	3

     

    

 

(b)
To the extent that any Party may be entitled in any jurisdiction to claim for itself or its assets immunity in respect of its
obligations under this Agreement from any suit, execution, attachment (whether in aid of execution, before judgment or otherwise)
or other legal process or to the extent that in any jurisdiction there may be attributed to itself or its assets such immunity
(whether or not claimed), or to the extent it might have the right to have a jury trial, such Party hereby irrevocably waives
and agrees not to, as the case may be, claim or exercise, such immunity and right to jury trial to the fullest extent permitted
by the laws of such jurisdiction.

 

11.
No Third Party Rights; Assignment. This Agreement is intended to be solely for the benefit of the Parties hereto and is
not intended to confer any benefits upon, or create any rights in favor of, any other Person. All rights and obligations hereunder
and under any agreements and documents executed and delivered in connection herewith shall not be assignable without the prior
written consent of the other Party.

 

12.
Waivers and Amendments. No modification of or amendment to this Agreement shall be valid unless evidenced in writing signed
by the Parties hereto referring specifically to this Agreement and stating the Parties’ intention to modify or amend the
same. Any waiver of any term or condition of this Agreement must be in writing signed by the Party sought to be charged with such
waiver and referring specifically to the term or condition to be waived. No such waiver shall be deemed to constitute the waiver
of any other breach of the same or of any other term or condition of this Agreement.

 

13.
Headings. The headings in this Agreement are for purposes of reference only and shall not be considered in construing this
Agreement.

 

14.
Specific Performance. The Parties hereto agree that the obligations imposed on them in this Agreement are special, unique
and of an extraordinary character, and that, in the event of breach by any Party, damages would not be an adequate remedy and
each of the other Parties shall be entitled to specific performance and injunctive and other equitable relief in addition to any
other remedy to which it may be entitled, at law or in equity; and the Parties hereto further agree to waive any requirement for
the securing or posting of any bond in connection with the obtaining of any such injunctive or other equitable relief.

 

15.
Further Assurances. Without limiting the generality of the foregoing, each Party to this Agreement agrees to take all necessary
actions to ensure that the provisions of this Agreement are implemented. At the reasonable request of any other Party hereto and
without further consideration, each Party hereto shall execute and deliver such additional documents and take all such further
action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner practicable, the transactions
contemplated by this Agreement.

 

16.
Confidentiality. Except as may be required by applicable law or as otherwise agreed among the Parties hereto, neither Party
shall at any time divulge, disclose, disseminate, announce or release any information to any Person concerning this Agreement,
without first obtaining the prior written consent of the other Parties hereto, except that the foregoing restriction shall not
apply to any such information that (i) is or hereafter becomes generally available to the public other than by reason of any default
with respect to a confidentiality obligation under this Agreement; (ii) was already known to the recipient as evidenced by prior
written documents in its possession; (iii) is disclosed to the recipient by a third party who is not in default of any confidentiality
obligation to the disclosing Party hereunder; (iv) is developed by or on behalf of the receiving Person, without reliance on confidential
information received hereunder; (v) is otherwise required to be disclosed in compliance with applicable laws or regulations or
order by a court or other regulatory body having competent jurisdiction, or (vi) is disclosed to any professional advisor of the
recipient in connection with the performance of its duties.

 

[Signature
page follows]

 

    	4

     

    

 

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

 

	INTELLIGENT HIGHWAY SOLUTIONS,
    INC.	 
	 	 	 
	By:	 	 
	Name:	Philip Kirkland	 
	Title:	Secretary and Treasurer	 
	 	 	 
	TCA
    GLOBAL CREDIT MASTER FUND, LP	 
	 	 
	By:	TCA Global Credit Fund
    GP, Ltd.	 
	Its:	General Partner	 
	 	 	 
	By:	 	 
	Name:	Robert Press	 
	Title:	Director	 

 

[signature
page to Membership Unit Purchase Agreement]Exhibit

Exhibit 10.1

EMPLOYMENT AGREEMENT
This Employment Agreement is made and entered into this 1st day of January, 2017, by and between South Dakota Soybean Processors, LLC, a South Dakota limited liability company ("SDSP"), and Thomas J. Kersting ("Employee").
RECITALS
A.SDSP desires to employ Employee as its Chief Executive Officer, and Employee desires to be employed by SDSP in this capacity.
B.SDSP and Employee desire that their employment relationship be governed by the terms and conditions of this Agreement.
NOW, THEREFORE, the parties agree as follows:
1.Employment.  SDSP hereby employs Employee, and Employee hereby accepts such employment, upon the terms and conditions set forth in this Agreement.
2.Duties.  Employee shall be engaged in full-time employment by SDSP as SDSP's Chief Executive Officer.  Employee shall use Employee's best efforts to promote the interests of SDSP and shall devote such time, energy and skill as may be required to perform Employee's duties under this Agreement. The duties and responsibilities of Employee shall include those duties and responsibilities consistent with Employee's employment position with SDSP and such other duties and responsibilities that SDSP, acting through its Board of Managers, from time to time may assign to Employee. If requested by SDSP's Board of Managers, Employee's duties shall include general management and oversight of any affiliates of SDSP.
3.Other Activities.  Employee shall devote substantially all of Employee's working time and efforts during the normal business hours of SDSP to the business and affairs of SDSP and to the diligent and faithful performance of the duties and responsibilities assigned to Employee pursuant to this Agreement. Employee may not engage in any other activity that conflicts with Employee's  obligations to SDSP.
4.Review.  Employee shall undergo annual performance reviews. Such reviews shall be conducted by SDSP's Board of Managers and shall be held on or about January 15 of each year or as soon thereafter as may be scheduled by the Board of Managers.
5.Base Salary.  For all services to be rendered by Employee to SDSP pursuant to this Agreement, SDSP shall pay Employee a base salary (the "Base Salary") of: (a) $365,000 for the 2017 calendar year, (b) $375,000 for the 2018 calendar year, and (c) $385,000 for the 2019 calendar year. Unless otherwise agreed by the parties, for each calendar year thereafter during the term of this Agreement, SDSP's Board of Managers shall set Employee's Base Salary, provided however that the Base Salary shall not be less than $365,000 unless agreed to by Employee. The Base Salary shall be paid in periodic installments in accordance with SDSP's regular payroll practices. The Base Salary shall be subject to tax and other deductions and withholdings as required by law.
6.Bonus.  In addition to the Base Salary paid to Employee, SDSP may, but shall not be required to, pay to Employee a profit sharing benefit as determined by the Board of Managers of SDSP in its sole discretion.
7.Vacation.  Employee shall be entitled to paid vacations and holidays in accordance with the policies of SDSP in effect from time-to-time for similarly situated employees.
8.Other Benefits.  Employee shall be entitled to participate in such benefit plans or programs which SDSP from time to time may make available to similarly situated employees, subject to the same terms, conditions and eligibility requirements as are applicable to such employees. Employee shall receive a copy of SDSP's Employee Handbook further detailing the benefits to which Employee is entitled and SDSP's personnel and general policies. SDSP, acting through its Board of Managers, shall be entitled to amend, modify or replace the Employee Handbook and personnel regulations and policies in its sole discretion.
9.Expenses.  Employee shall be entitled to reimbursement by SDSP of reasonable ordinary and necessary travel and other expenses incurred by Employee in performing his duties under this Agreement, in 

Employment Agreement
Page 1

accordance with the policies established by SDSP for similarly situated employees and upon proper accounting by Employee for such expenses, including any accounting required by applicable federal tax laws and regulations.
10.Life Insurance.  SDSP, in sole its discretion, may purchase or renew insurance on the life of Employee. Employee shall submit to reasonable medical examinations and otherwise reasonably cooperate with SDSP in connection with obtaining such insurance.
11.Term and Termination.
a.Term.  The term of this Agreement shall commence on the date of this Agreement and, unless terminated earlier pursuant to the terms of this Section 11, shall continue thereafter on a 36-month rolling term until Employee reaches the age of 62, at which time the term of this Agreement shall convert to a fixed three year-term, with the fixed term ending on Employee's 65th birthday.
b.Termination For Cause.  SDSP may terminate this Agreement for "cause" upon written notice to Employee. If this Agreement is terminated for "cause", Employee shall be entitled to receive: (i) the Base Salary through the effective date of termination, (ii) any other amounts earned, accrued or owed to Employee under this Agreement but not paid as of the date of termination, and (iii) any other benefits payable to Employee upon such termination under any benefit plans or programs of SDSP in effect on the date of termination; less any claims of SDSP against Employee.  The term "cause" shall mean: (i) Employee's confession or conviction of theft, fraud, embezzlement or other crime involving dishonesty; (ii) Employee's excessive absenteeism (other than by reason of physical injury, disease, or mental illness) without reasonable cause; (iii) Employee's act or omission constituting a material breach of any provision of this Agreement, including Sections 12, 13, 14 and 15 below; (iv) habitual and material negligence by Employee in the performance of Employee's duties under this Agreement; (v) Employee's abuse, misuse or destruction of property of SDSP, its affiliates, or its customers; (vi) Employee's making or publishing of false or malicious statements concerning SDSP; or (vii) material failure by Employee to comply with the policies of SDSP or a lawful directive of the Board of Managers of SDSP and the failure to cure such non-compliance within ten days after his receipt of a written notice from the Board of Managers setting forth in reasonable detail the particulars of such non-compliance. The preceding list is not intended to be exhaustive; other conduct of a similar nature may result in the termination of this Agreement for "cause." However, the results of SDSP's operations or any business judgment made in good faith by Employee shall not constitute an independent basis for termination  of this Agreement  for "cause."
c.Termination By SDSP Without Cause.  If this Agreement is terminated by SDSP without "cause", Employee shall be entitled to receive: (i) the Base Salary for the greater of (A) the remaining term of this Agreement (up to a maximum of 36 months) or (B) fifty-two (52) weeks from the date of termination, (ii) any other amounts earned, accrued or owed to Employee under this Agreement but not paid as of the date of termination, and (iii) any other benefits payable to Employee under any benefit plans or programs of SDSP in effect on the date of termination.
d.Termination Upon Death or Disability.  This Agreement shall terminate upon the death or disability of Employee.  If this Agreement is terminated due to Employee's death or disability, Employee or Employee's estate or representatives, as the case may be, shall be entitled to receive: (i) the Base Salary through the date of Employee's death or the date upon which Employee is deemed to be disabled, as the case may be, (ii) any other amounts earned, accrued, or owed to Employee under this Agreement but not paid as of such date, and (iii) any other benefits payable to Employee under any benefit plans or programs of SDSP in effect on such date. The term "disability" shall mean: (a) the inability of Employee to perform his regular duties for SDSP for a period of 12 consecutive weeks and, in the opinion of two physicians, Employee will be unable to return to his regular duties for at least another 12 weeks; or (b) Employee is adjudicated by a court of competent jurisdiction  as incompetent to manage Employee's person or property regardless of any period during which Employee is unable to perform his regular duties for SDSP.
e.Occurrence of Extraordinary  Event.  Notwithstanding  anything to the contrary herein, upon the occurrence of an "extraordinary event" as defined below, this Agreement shall be deemed to have been terminated by SDSP without cause, thereby entitling Employee to the payments described in subsection (c) above. For purposes of this Agreement, the term "extraordinary event" shall mean (i) the merger or consolidation of SDSP with another entity in which SDSP is not the surviving entity, unless Employee is employed in a similar position by the surviving entity; or (ii) the voluntary sale of all or substantially all of the 

Employment Agreement
Page 2

assets of SDSP as a going concern, unless Employee is employed in a similar position by a successor company that has purchased substantially all of the assets of SDSP.
12.Confidential Information.  Employee acknowledges and agrees that SDSP owns and controls proprietary information concerning the operations, processes, methods and accumulated experience incidental to producing, processing, refining, marketing and selling soy­ based and related agricultural products, services and systems, including business and technical information, financial information, accounting data, marketing techniques and materials, business plans, business operations, pricing policies and manuals, profit margins, expense ratios, personnel information, customer information, supplier information, technology, intellectual property, trade secrets, ideas, discoveries, inventions, patents, patent applications, techniques, drawings, designs, plans, specifications and products (the "Confidential Information"). Employee agrees that by reason of Employee's employment by SDSP, Employee has, and/or may in the future come into possession of, knowledge of or contribute to the Confidential Information. Employee agrees that all Confidential Information is and shall remain the exclusive property of SDSP and that, during the term of this Agreement and following the termination hereof for any reason, Employee shall not disclose or use the Confidential Information for any purpose except in the course of Employee's duties under this Agreement in furtherance of SDSP's business.
13.Delivery of Confidential  Information and Employer Property.  Upon request of SDSP and in any event upon termination of Employee's employment for any reason, Employee shall promptly deliver to SDSP all Confidential Information, including all originals, copies, summaries or extracts of books, catalogues, sale brochures, customer lists, prospective customer lists, price lists, employee manuals, notes, photographs, tape recordings, specifications, operations manuals and all other documents or tangible materials reflecting or referencing Confidential Information, as well as all other materials furnished to or acquired by Employee as a result of or during the course of Employee's employment.
14.Non-Competition.  To prevent improper use of Confidential Information and unfair competition and diminution of the goodwill and other proprietary interests of SDSP, Employee agrees that, during the term of this Agreement and for a period of two (2) years following the termination hereof for any reason, and in a geographical area encompassing all of North America, Employee shall not, directly or indirectly, own, manage, operate, control, be employed by, work for, consult with or for, participate in, or be connected in any manner whatsoever with, the ownership, operation or control of any business that: (a) solicits any customer of SDSP for the purpose of obtaining the business of such customer in competition with SDSP; (b) solicits any prospective customer of SDSP (meaning any person or entity with whom SDSP has had any significant contact to develop new business), for the purpose of obtaining the business of such customer in competition with SDSP; or (c) engages in any business which is the same or essentially the same as the business of SDSP.
15.Non-Solicitation.  During the term of this Agreement and for a period of one (1) year following the termination hereof for any reason, Employee, directly or indirectly, shall not employ, solicit for employment, assist any other person in employing or soliciting for employment, or advise or recommend to any other person that such other person employ or solicit for employment, any person who then is, or during any portion of the twelve (12) months prior to such employment or solicitation, an employee of SDSP.
16.Reasonableness  of Restrictions.  Employee acknowledges that he has carefully read and considered the provisions of this Agreement and, having done so, agrees that the restrictions and limitations in this Agreement are reasonable as to geographic scope and duration and are necessary to protect SDSP's proprietary interests in the Confidential Information and to preserve for SDSP the competitive advantages necessary for their success.
17.Remedies.  Employee acknowledges and agrees that it is impossible to measure in money the damages which will accrue to SDSP if Employee breaches any of Employee's obligations under Sections 12, 13, 14 or 15 above, and that SDSP would be irreparably damaged by such breach by Employee. Accordingly, if any action or proceeding is instituted by or on behalf of SDSP to enforce such sections, Employee hereby waives any claim or defense thereto that SDSP has an adequate remedy at law or that SDSP has not been irreparably injured thereby. The rights and remedies of SDSP pursuant to this section are cumulative, and shall not exclude any other right or remedy SDSP may have pursuant to this Agreement or at law or in equity.
18.Costs.  In the event either party hereto institutes legal proceedings to enforce the terms of this Agreement, the prevailing party shall be entitled to recover reasonable costs and attorneys' fees incurred in connection with such proceeding.

Employment Agreement
Page 3

19.Successors and Assigns.  This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the parties hereto and their respective successors and assigns. The services to be provided by Employee hereunder are personal in nature, and Employee may not assign or transfer this Agreement or any right or obligation hereunder.
20.Survival.  Upon termination of this Agreement for any reason, any section that by its nature should survive this Agreement shall survive and continue in effect and be binding upon the Parties, including Sections 11 through 18.
21.Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision hereof, which other provisions shall remain in full force and effect. Without limiting the foregoing, the parties agree that the covenants contained in Sections 12, 13, 14 and 15 above are independent of one another and severable. In the event any part of the covenants contained in such sections is held to be invalid or unenforceable, the remaining parts thereof shall continue to be valid and enforceable as though the invalid and unenforceable part had not been included herein. If any provisions of the covenants contained in Sections 12, 13, 14 or 15 relating to the time period, geographical area, or restricted activity are declared by a court to exceed the maximum time periods or restricted activities which such court deems reasonable and enforceable, the parties agree that the court making such a determination shall have the power and is directed to reduce the time period, geographical area, and/or restricted activity to the maximum time period, geographical area, and/or restricted activity which such court deems reasonable.
22.Waiver.  The waiver by SDSP of a breach of any covenant of this Agreement, or the failure of SDSP to take action against any other employee for similar breaches, shall not operate or be construed as a waiver of any subsequent or later breach by Employee.
23.Governing Law; Jurisdiction.  All rights and obligations arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of South Dakota. The parties hereby agree that any legal proceeding brought to enforce the terms of this Agreement shall be brought in the courts of the State of South Dakota located in Brookings County, South Dakota, and the parties hereby consent to the jurisdiction and venue of such courts.
24.Entire Agreement; Amendment.  This Agreement represents the entire agreement between the parties relating to the subject matter hereof. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing by Employee and SDSP.
IN WITNESS WHEREOF, the parties have executed this Employment Agreement the date first written above.
	
			
	SOUTH DAKOTA SOYBEAN PROCESSORS, LLC
	 
	EMPLOYEE

	 
	 
	 

	/s/ Gary Kruggel
	 
	/s/ Thomas J. Kersting

	Chairman of Board of Managers
	 
	Thomas J. Kersting

Employment Agreement
Page 4

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