Document:

ex10_19.htm

Exhibit 10.19

EMPLOYMENT AGREEMENT

AGREEMENT made and entered into as of this 30th day of September, 2014 between National Automation Services, Inc., a Nevada Company (the “Company, NAS and Subsidiaries, we, or us") having an address at P.O. Box 400775, Las Vegas, NV 89140 and Jeremy W. Briggs (“Employee”), residing at 8718 Tomnitz Ave UNIT 103, Las Vegas NV 89178.

W I T N E S S E T H:

WHEREAS, Employee is presently engaged by the Company; and

WHEREAS, the Company and the Employee desire to set forth the terms of the Chief Financial Officer services with the Company, pursuant to the terms and conditions hereof

NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto agree with each other as follows:

1. Term of Employment. The Company agrees to and does hereby employ Employee, and Employee agrees to and does hereby accept employment by the Company, as the Chief Financial Officer of the Company, subject to the supervision and direction of its Board of Directors and Audit Committee, for a period of fifteen months (15) commencing on the date of the agreement and concluding on December 31, 2015 (the "Term") after which it will continue until such time unless written notice of resignation or termination is provided.

2. Duties of Employee. Employee shall devote such time, attention and energy to the affairs of Company as shall be reasonably required to perform the duties hereunder, and, in pursuance of the policies and directions of the Board of Directors, Employee shall use his best efforts to promote the business and affairs of the Company.  The duties and responsibilities in fulfilling this Chief Financial Officer are as follows:

	
  

	
A.

	
As Chief Financial Officer, you will have complete financial responsibility for NAS and any subsidiaries NAS owns and operates. This includes management of the daily financial position and accounting operations of each.

	
  

	
B.

	
As Chief Financial Officer, you will be responsible for the coordination and review of all key Company financial data for the Company and its Subsidiaries to ensure compliance with local, state and federal statutory laws.

	
  

	
C.

	
As Chief Financial Officer, you will be responsible for ensuring the Company and its Subsidiaries meet the required timing, preparation, and review of ‘unaudited’ and ‘audited’ financial statements for sole purpose of ‘required’ external “SAS 100 Interim Reviews’ and/or ‘Audits’ in accordance with the rules and regulations governed by the Security and Exchange Commission (“SEC”) in accordance with the generally accepted accounting principles (“GAAP”) of the United States of America.

	
  

	
D.

	
As Chief Financial Officer, you will be required to work with all levels of management, the COO, and various personnel of the subsidiaries as well as responsible for the Internal Control procedures of the Company and its Subsidiaries to Comply with SOX 404a&b requirements set forth by the SEC and the PCAOB. You will be required to assist in the development and implementation of the Internal Control Process and design for the Company.

	
  

	
E.

	
As Chief Financial Officer, you will be required to provide monthly and/or quarterly operating schedules, reports, or ‘unaudited’ financial statements to our Board of Directors and Lending Institutions on an ‘as need basis’. The use and release of these schedules, reports, or ‘unaudited’ financial statements are to be used for the sole purpose of providing our Board of Directors and Lending Institutions with ‘unaudited’ information of the financial position and operations of the Company and are ‘not’ to be filed with any governing or regulatory bodies (local, state, federal, international, including but not limited to the National Quotation Bureaus Pink Sheets - known as Pink Sheets, LLC, Over the Counter Bulletin Board or OTCBB, The NASDAQ Stock Market or NASDAQ, The American Stock Exchange or AMEX, and the New York Stock Exchange or NYSE without undergoing an ‘internal’ review by our Employees and an ‘external’ review by our auditor of date as well as our SEC Attorney. Failure, breach, or ‘non-compliance’ with any of the terms and schedule set forth within this paragraph will result in indemnification of the Employee based upon the terms and schedule set forth in paragraph 13 Indemnification).

 

  

 

  

 

	
  

	
F.

	
As Chief Financial Officer, you will be responsible for the supervision of all Accounting and Finance personnel functioning as ‘employees’ of the Company or ‘Employees’ hired on behalf of the Company and its Subsidiaries.

	
  

	
G.

	
As Chief Financial Officer, you will be responsible to report directly to the CEO and to the Board of Directors as required, the financial health of the Corporation.

	
  

	
H.

	
As Chief Financial Officer, you will be responsible to report to any board committees that the Company’s Board of Directors designates.

3. Base Compensation. In consideration of the Employee's services pursuant to this Agreement, Company shall pay to Employee, during the period of Employee's employment under this Agreement (the "Base Compensation"), (i) a salary at the rate of One Hundred and Fourteen Thousand ($114,000) per annum period in accordance with the terms and conditions of this Agreement, commencing on November 1, 2014.  The Base Compensation shall be payable no less often than monthly, and in accordance with the Company's customary procedures for payroll of employees, subject to applicable tax and payroll deductions.

4. Incentive Compensation. In addition to Duties of Employee set forth in paragraph 2, pursuant to this Agreement, Employee shall receive, as additional compensation which includes Stock Options, Restricted Shares, and any Performance Units, along with annual cash bonuses for the services to be rendered by Employee under this Agreement, incentive compensation based on the Company’s overall execution of corporate strategy  and personal achievement towards the Company’s stated objectives which would involve growth and acquisition strategy, fund raising efforts, etc. in their development stage and upon growth maturity as follows:

	
  

	
A.

	
ESOP To be paid at up 300% of base, vesting pro rata over three years

	
  

	
B.

	
Restricted Stock either preferred or Common or both to be paid up to 300% of base,

	
  

	
C.

	
Performance Units to be paid up to 300% of target performance

	
  

	
D.

	
Bonuses in annual cash consideration up to 300% set forth by the Board of Directors and the Chief Executive Officer.

	
  

	
E.

	
Employee, at Employee's option, may defer up to 50% of his financial compensation, for up to 180 days.  The Company will incur and pay interest on deferred compensation at a rate 6% interest annually.

	
  

	
F.

	
Employee shall, upon execution of this Agreement, be entitled to compensation equal to annual salary in consideration thereof, and in addition to the other compensation stated in this Agreement.  This sum is considered fully earned and upon execution, payable immediately, quarterly, or other mutually agreeable periodic basis.  Right to this payment survives any termination of employment.

5. Other Benefits. During the term of this Agreement the Employee shall be able to participate in all insurance and benefit plans (i.e. health care, life insurance, disability, retirement, etc.), stock options, profit sharing plans, and travel accidental death and dismemberment plans adopted by the Company and shall be covered under the Company’s D&O Insurance policy as an indemnified party through out the terms and conditions set forth herein.  The Employee agrees to aid the Company in procuring such insurance, including submitting to a physical examination, if required, and completing any and all forms required for application for any insurance policy.

6. Expenses. The Company shall pay all ‘travel and related’ out-of-pocket expenses in accordance with the Company’s Travel and Expense Policy and reimburse Employee for all reasonable and necessary expenses incurred by him in connection with his duties hereunder, upon submission by Employee to the Company of such reasonable evidence of such expenses as the Company may require.

7. Disclosure of Information. The Employee shall, during his employment under this Agreement and thereafter, keep confidential and refrain from disclosing to any unauthorized persons all data and information relating to the respective businesses of the Company or any of its subsidiaries.

 

  

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8. Intellectual Property Rights.

	
  

	
A.

	
The Employee shall promptly disclose to the Company in writing, any and all cash flow models, financial statements, schedules, etc., whether or not copyrightable or patentable, secret processes and "know-how," conceived by the Employee during the term of his employment by the Company (the "Employee's Work Product"), whether alone or with others and whether during regular working hours and through the use of facilities and property of the Company or otherwise, which directly relates to the present business of the Company. Upon the Company's request at any time or from time to time during the Term of the Employee's employment, the Employee shall (i) deliver to the Company copies of the Employee's Work Product that may be in his possession or otherwise available to him, and (ii) execute and deliver to the Company such applications, assignments and other documents as it may reasonably require in order to apply for and obtain copyrights or patents in the United States of America and other countries with respect to any Employee's Work Product that it deems to be Copy right able or patentable, and/or otherwise to vest in itself full title thereto.

	
  

	
B.

	
All documents that pertain to the Company, including but not limited to the Employee's Work Product, shall be the sole and exclusive property of the Company. Upon the termination of the Employee's employment, all such documents that may be in his possession or otherwise available to him or shall thereafter come into his possession or control shall be promptly returned to the Company without the necessity of a request.

	
  

	
C.

	
During the course of normal operations, the Employee may need to electronically transmit confidential information to the Company and to outside shareholders, specialists, consultants, and auditors.  E-mail is a fast and convenient way to communicate.  However, e-mail travels over the public Internet, which is not a secure means of communication and, thus confidentiality could be compromised.  The Company agrees to the use of e-mail and other electronic methods to transmit and receive information including confidential information, between the Employee, outside shareholders, investors, specialists, consultants, and auditors.

9. Termination. This Agreement and Employee's employment may be terminated in any one of the followings ways:

	
  

	
A.

	
Death. The death of Employee shall immediately terminate this Agreement with no severance compensation due to Employee's estate.

	
  

	
B.

	
Disability. If, as a result of incapacity due to physical or mental illness or injury, Employee shall have been absent from his full-time duties hereunder for more than (1) consecutive month, then thirty (30) days after receiving written notice (which notice may occur before or after the end of such one (1) month period, but which shall not be effective earlier than the last day of such one (1) month period), the Company may terminate Employee's employment hereunder provided Employee is unable to resume his full-time duties at the conclusion of such notice period. Also, Employee may terminate this employment hereunder if his health should become impaired to an extent that makes the continued performance of his duties hereunder hazardous to his physical or mental health or his life, provided that Employee shall have furnished the Company with a written statement from a qualified doctor to such effect and provided, further, that, at the Company's request made within thirty (30) days of the date of such written statement, Employee shall submit to an examination by a doctor selected by the Company who is reasonably acceptable to Employee or Employee's doctor and such doctor shall have concurred in the conclusion of Employee's doctor. In the event this Agreement is terminated as a result of Employee's disability, Employee shall (i) receive from the Company, in a lump-sum payment due within thirty (30) days of the effective date of termination, the base salary for three (3) months and all restricted 144a common stock shares (“Certificates, Legend and Medallions”) as set forth within the terms and conditions of the agreement herein after such termination.

	
  

	
C.

	
Good Cause. The Company may terminate this Agreement ten (10) days after written notice to Employee for "Good Cause," which shall mean any one or more of the following: (1) Employee's willful, material and irreparable breach of this Agreement; (2) Employee's gross negligence in the performance or intentional nonperformance (continuing for ten (10) days after receipt of written notice of need to cure) of any of Employee's material duties and responsibilities hereunder; (3) Employee's willful dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4) Employee's confirmed positive illegal drug test result. In the event of a termination for Good Cause, as enumerated above, Employee shall have no right to any severance compensation.  However, this does not exclude earned income, bonuses, or other compensation that would have otherwise been paid and were not earned as part of fraud or willful dishonest accounting or financial reporting.

 

  

3

  

 

	
  

	
D.

	
Without Good Cause. At any time after the commencement of employment, Employee may, without cause, terminate this Agreement and Employee's employment, effective thirty (30) days after written notice is provided to the Company. Employee may only be terminated without Good Cause by the Company during the Term hereof if such termination is approved by a 75% of the members of the Board of Directors (“All Board of Director Members”) of the Company and provided that the Employee receives at least one (1) month written notice. Should Employee terminate with Good Reason or in the event that Employee is terminated without Good Cause during the Term, Employee shall receive from the Company, on such dates as would otherwise be paid by the Company, the lesser of the base salary at the rate then in effect for a period of one year (1) and all restricted 144a common stock shares (“Certificates, Legend and Medallions”) as set forth within the terms and conditions of the agreement herein after such termination. Further, if Employee is terminated without Good Cause or terminates his employment hereunder with Good Reason, (a) the Employee shall be entitled to receive any discretionary incentive compensation to which the Employee would have been entitled to for the term during which the termination occurred had the Employee not been terminated, (b) the Employee shall be entitled to receive all other unpaid benefits due and owing through Employee's last day of employment.  If Employee resigns or otherwise terminates his employment without Good Reason, rather than the Company terminating his employment pursuant to this paragraph 12, Employee shall receive no severance compensation.

10. Indemnification. In the event Employee is made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by the Company against Employee), by reason of the fact that he is or was performing services under this Agreement, then the Company shall indemnify Employee against all expenses (including attorneys' fees), judgments, fines and amounts paid in settlement, as actually and reasonably incurred by Employee in connection therewith to the maximum extent permitted by applicable law. The advancement of expenses shall be mandatory. In the event that both Employee and the Company are made a party to the same third-party action, complaint, suit or proceeding, the Company agrees to engage competent legal representation, and Employee agrees to use the same representation, provided that if counsel selected by the Company shall have a conflict of interest that prevents such counsel from representing Employee, Employee may engage separate counsel and the Company shall pay all attorneys' fees of such separate counsel. Further, while Employee is expected at all times to use his best efforts to faithfully discharge his duties under this Agreement, Employee cannot be held liable to the Company for errors or omissions made in good faith where Employee has not exhibited gross, willful and wanton negligence and misconduct or performed criminal and fraudulent acts which materially damage the business of the Company.

11. Effect of Waiver. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach thereof.

12. Assignment. Employee shall not be entitled to assign his rights, duties or obligations under this Agreement.

13. Amendments. The terms and provisions of this Agreement may be amended or modified only by a written instrument executed by the party to be charged by such amendment or modification.

14. Governing Law. The terms and provisions herein contained and all the disputes or claims relating to this Agreement shall be governed by, interpreted and construed in accordance with the internal laws of the State of Nevada, without reference to its conflict of laws principles.

15. Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the scope or substance of any section of this Agreement.

16. Merger and Severability. This Agreement shall constitute the entire Agreement between the Company and Employee with respect to the subject matter hereof. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

 

  

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17. Counterparts; Facsimile. This Agreement may be executed by facsimile and in two (2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have affixed their signatures the day and year first above written.

National Automation Services, Inc.

 

 

	
/s/ Robert Chance

	 	
September 30, 2014

	 
	
Robert Chance

	 	
Date

	
Chief Executive Officer and Chairman of the Board 

of Directors of NAS

	 	 

 

 

	
/s/ Jeremy Briggs

	 	
September 30, 2014

	 
	

Jeremy W. Briggs

	 	
Date

	

Chief Financial Officer and Treasurer of the Board 

of Directors of NAS

	 	 

 

5ex10_20.htm

Exhibit 10.20

 

NEITHER THIS NOTE NOR THE SECURITIES INTO WHICH IT IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER SECTION 3(b), 4(2) OR 4(6) OF THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED, TRANSFERRED, ASSIGNED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION OR EXCLUSION FROM THE REGISTRATION REQUIREMENTS THEREUNDER AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

 

	No. EMCI N3 	$ 245,000.00

                                                                                                                                

12% SHORT TERM NOTE DUE 36 MONTHS FROM ORIGINAL ISSUANCE DATE

THIS ADDENDUM NOTE on October 1, 2014, is a duly authorized note issued by National Automation Services, Inc., a corporation organized and existing under the laws of the State of Nevada (the “Company”), designated as its 12% Convertible Notes (the “Notes”) due in 36 Months (Term) from the Original Issuance Date (the “Maturity Date”), issued on Sept 2, 2014 (the “Original Issuance Date”) in an aggregate principal amount of Two Hundred Forty Five Thousand Dollars (US $245,000).

 

FOR VALUE RECEIVED, the Company promises to pay to Energy Management Capital, Inc., at the address listed below (the “Holder”) the principal sum of Two Hundred Forty Five Thousand Dollars (US $245,000), on or prior to the Maturity Date and to pay interest to the Holder on the principal sum at a flat rate of 12% of the principal amount of the Note with an option for prepayment provided herein the Agreement.  Interest shall accrue immediately and be fully calculated commencing on the Original Issuance Date.  Interest is to be paid to the Holder annually within 30 days of the anniversary date of the Original Issuance Date.  This interest may be converted into shares of common stock or paid in cash at the option of the Holder as along as the Company is provided 10 days advance notice within the 30 day period of the anniversary date.  A full 12% interest is due along with principle no later than 30 days from the Maturity Date.  If interest and principle is not paid in full by the 30th day, a four percent (4%) penalty is added as calculated from the base principle.

Conversion into the Company’s common stock shall be made, at the option of the Holder, using a thirty percent (30%) discount to the 10 day average closing price prior to Notice.  Notice is to be given as required below within 10 days of the anniversary date of Original Issuance Date or the Maturity Date, whichever is applies.

Company will retain and enter into an employee agreement with an appointee of the Holder as an executive member of management or in a board director role and will afford such individual all the benefits accorded with such position for the duration of the Term.

  

  

  

  

  If at any time after the Original Issuance Date an Event of Default has occurred, the Holder shall be entitled to remedies under Section 2 hereof. This is not a Public Offering and is being offered to accredited investors only.

This Note is subject to the following additional provisions:

	
Section 1.

	
Events of Default and Remedies.

I.           “Event of Default,” when used herein, means any one of the following events (whatever the reason and whether any such event shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental body):

(a)           any default in the payment of the principal of or interest on this Note as and when the same shall become due and payable either at the Maturity Date, by acceleration, or otherwise;

 

(b)           the Company shall fail to observe or perform any other covenant, agreement or warranty contained in, or otherwise commit any breach of, this Note, and such failure or breach shall not have been remedied within fifteen (15) Business Days of its receipt of notice of such failure or breach;

(c)           (i) the Company shall commence a voluntary case under the United States Bankruptcy Code as now or hereafter in effect or any successor thereto (the “Bankruptcy Code”); (ii) or an involuntary case is commenced against the Company under the Bankruptcy Code and the petition is not controverted within thirty (30) days, or is not dismissed within sixty (60) days, after commencement of the case; (iii) or a “custodian” (as defined in the Bankruptcy Code) is appointed for, or takes charge of, all or any substantial part of the property of the Company or the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or there is commenced against the Company any such proceeding which remains un-dismissed for a period of sixty (60) days; (iv) or the Company is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the Company suffers any appointment of any custodian or the like for it or any substantial part of its property which continues un-discharged or un-stayed for a period of thirty (30) days; or the Company makes a general assignment for the benefit of creditors; (v) or the Company shall fail to pay, or shall state that it is unable to pay, or shall be unable to pay, its debts generally as they become due; (vi) or the Company shall call a meeting of its creditors with a view to arranging a composition or adjustment of its debts; or the Company shall by any act or failure to act indicate its consent to, approval of or acquiescence in any of the foregoing; (vii) or any corporate or other action is taken by the Company for the purpose of effecting any of the foregoing; (viii) or the Company consents to a third party notice or indicates thru a written notice, electronic notice, or by any other reasonable notice, a meaningful interest in a conveying transaction of the Holder’s interest in the instrument created by this Agreement, ie., selling the Note, sans retaining a newly created employee agreement for its appointed representative within five business days of such executed conveyance of this instrument and paying the full amount of interest and principle due through the Term; (ix) or a failure to retain such appointed representative for a period of at least six months following the Maturity Date; or the principle sum and interest is not paid to date to the Holder through the Term before such third party notice is provided;

 

  

  

  

II.          Remedies            If any Event of Default occurs and continues, then the Holder may, by notice to the Company, accelerate all of the payments due under this Note by declaring all amounts so due under this Note, whereupon the same shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are waived by the Company, notwithstanding anything contained herein to the contrary, and the Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law.  In addition, in the Event of Default, Holder Shall be entitled to an additional four percent (4%) for each 10 day period uncured for a maximum of an additional 24% calculated as penalty interest. All such penalty interest maybe converted into shares of Company Class A common stock at a forty percent (40%) discount to the 10 day average prior to Notice of Conversion.  Such Notice shall be made in accordance herein and may be rescinded and annulled by the Holder at any time prior to payment hereunder.  No such rescission or annulment shall affect any subsequent Event of Default or impair any right consequent thereon.  This shall include, but not be limited to the right to temporary, preliminary and permanent injunctive relief without the requirement of posting any bond or undertaking.

(a)           The Holder may thereupon proceed to protect and enforce its rights either by suit in equity and/or by action at law or by other appropriate proceedings whether for the specific performance (to the extent permitted by law) of any covenant or agreement contained in this Note or in aid of the exercise of any power granted in this Note, and proceed to enforce the payment of this Note. The Company agrees to pay reasonable costs of collection incurred by Holder and its counsel upon a default and failure of the Company to pay the Note in a timely manner.

(b)           Except as expressly provided for herein, the Company specifically (i) waives all rights it may have (A) to notice of nonpayment, notice of default, demand, presentment, protest and notice of protest with respect to any of the obligations hereunder or the shares of Common Stock and (B) notice of acceptance hereof or of any other action taken in reliance hereon, notice and opportunity to be heard before the exercise by the Holder of the remedies of self-help, set-off, or other summary procedures and all other demands and notices of any type or description except for cure periods; and (ii) releases the Holder, its officers, directors, agents, employees and attorneys from all claims for loss or damage caused by any act or failure to act on the part of the Holder, its officers, attorneys, agents, directors and employees except for gross negligence or willful misconduct.

(c)           As a non-exclusive remedy, upon the occurrence of an Event of Default, the Holder may convert the remaining principal amount of the Notes and accrued interest thereon at the Conversion Price upon giving a Notice of Conversion to the Company at a 25% percent discount to the average closing price during the previous 10 trading days.

Section 2.             Absolute Payment Obligation;   Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, and interest on, this Note at the time, place, and rate, and in the coin or currency, herein prescribed.  This Note is a direct obligation of the Company.  This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein.  Notwithstanding the foregoing, the Company reserves the right to enter into a variety of funding agreements at any time during the period of this Note with terms and conditions dictated by market conditions and the capital needs of the Company.

 

  

  

  

Section 3.            Loss, Theft, Mutilation or Destruction.  If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed but only upon receipt of an affidavit of such loss, theft or destruction of such Note, and, if requested by the Company, an agreement to indemnify the Company in form reasonably acceptable to the Company.

Section 4.            Payment & Payment Dates.  Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next following Business Day.  Such payment shall be preceded with a notice of payment according to Section 5 no later than 4:59PM EST three business days from the intended date of payment.   This is to allow the Holder the opportunity to review the transaction and provides additional oversight.

Section 5.            Notices.  All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if delivered personally against written receipt, by facsimile transmission against facsimile confirmation, electronic mail, or mailed by recognized overnight courier prepaid, to any officer of the Company at the following addresses:

 

 

	
If to the Company:

	
National Automation Services, Inc.

	 	
P.O. Box 400775

	 	Las Vegas, NV  89140Bobchance53@yahoo.com
	 	
Attn:  Robert W. Chance, President & CEO

 

	
If to the Holder:      

	

Energy Management Capital Inc.,

	 	

Attn: ssego@emcapital.biz 

 

All such notices, requests and other communications will (a) if delivered personally to the address as provided in this Section 8, be deemed given upon delivery, (b) if delivered by facsimile transmission to the facsimile number as provided for in this Section 8, be deemed given upon facsimile confirmation, (c) if delivered by overnight courier to the address as provided in this Section 8, be deemed given on the earlier of the first Business Day following the date sent by such overnight courier or upon receipt and (d) if by electronic mail, when directed to an electronic mail address provided for in this Section 8, be deemed given upon delivery (in each case regardless of whether such notice, request or other communication is received by any other Person to whom a copy of such notice is to be delivered pursuant to this Section 8). Any party from time to time may change its address, facsimile number, email address or other information for the purpose of notices to that party by giving notice specifying such change to the other party hereto.

Section 6.            Waiver.  Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Note.  The failure of the Company or the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Note.  Any waiver must be in writing.

Section 7.            Invalidity.  If any provision of this Note is held to be invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any provision is held to be inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.

 

  

  

  

Section 8.            Rules of Construction. By its acceptance of this Note, Holder acknowledges and agrees that he has been represented by counsel during the negotiation and execution of this Note, and therefore he waives the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.

Section 9.            Governing Law.  This Note shall be construed and enforced in accordance with and governed by the internal laws of the State of Minnesota, without regard to its principles of conflicts of laws.

Section 10.          Consent to Jurisdiction; Service of Process.  The Company and Holder, by his acceptance of this Note, each irrevocably consents and agrees that any proceeding commenced by it arising out of or relating to this Note shall be brought only in the applicable court in the State of Nevada in any other manner provided by applicable law.

Section 11.          Waiver of Jury Trial. The Company and Holder, by his acceptance of this Note, each irrevocably waives any and all right to trial by jury in any proceeding arising out of or related to this Note.

Section 12.          Transfer; Assignment.  This Note is not transferable, negotiable or assignable by Holder except pursuant to the laws of descent and distribution.

Section 13.          Headings.  Headings are for convenience of reference only and shall not limit or otherwise affect or be used in the construction of any of the terms or provisions hereof.

 

                             IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by an officer thereunto duly authorized as of the date first above indicated.

 

	 	NATIONAL AUTOMATION SERVICES, INC.

 

 

 

	 	By: 	 
	 	 	Name: Robert W. Chance
	 	 	Title: President & CEO

 

	 	
Note Holder 1:

	 	By: 	 
	 	Energy Management Capital Inc.,

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