Document:

Exhibit 10.16

 

AMENDMENT
TO EMPLOYMENT AGREEMENT

 

THIS
FIRST AMENDMENT TO EMPLOYMENT agreement (this “Amendment”)
is made this 8th day of May, 2015 by and between Robert J. Fasnacht (“Executive”) and NanoFlex
Power Corporation (the “Company”). All capitalized terms used in this Amendment and not otherwise defined
in this Amendment shall have the respective meanings ascribed to them in that certain Employment Agreement dated as of September
23, 2013 (the “Employment Agreement”) between the parties.

 

Agreement:

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby
agree as follows:

 

1.      
Modification of Employment Agreement.

 

         
1.1      
Modification of Base Salary. Section 4.1 of the Employment
Agreement shall be modified to replace the $360,000 Base Salary with $190,000. This modification is intended to be retroactive
to the Effective Date of the Employment Agreement.

 

2.      
Further Agreement as to Base Salary. The parties hereby agree that there shall be no cost of living increase
in the Base Salary until after September 23, 2015.

 

2.      
Miscellaneous. Except as amended pursuant to this Amendment, the Employment Agreement (including the Schedules and
Exhibits thereto) remains in effect in all respects. The provisions of Section 18 of the Employment Agreement, to the extent applicable,
are hereby incorporated herein by reference.

 

IN
WITNESS WHEREOF, the parties hereto have caused this First Amendment to Employment Agreement to be executed as of the date first
written above.

 

	NanoFlex Power
    Corporation	 	Executive:
	 	 	 	 
	By:	/s/ Dean L. Ledger	 	/s/ Robert J. Fasnacht 
	 	Dean Ledger, CEO	 	Robert J. FasnachtExhibit
10.17

 

 

 

October
1, 2013

 

DEAN LEDGER

CHIEF EXECUTIVE
OFFICER

GLOBAL PHOTONIC
ENERGY CORPORATION

20 TRADING
POST WAY

MEDFORD
LAKES, NEW JERSEY 08055

 

Dear
Dean,

 

This
Engagement Letter shall serve as our agreement that Global Photonic Energy Corporation (the “Client”) has retained
Tobin Tao & Company, Inc. (“Tobin Tao”) to provide consulting services as described herein. The parties agree
that this Engagement Letter and the attached Statement of Work (Attachment 1) and Terms of Business (Attachment 2) form the services
agreement between Tobin Tao and Client (collectively the “Agreement”) as of the Start Date (described below).

 

		1.	Scope
                                         of services. Tobin Tao shall use its best efforts to provide Client the services
                                         as described in Attachment 1. These Services include: prelisting support and preparation,
                                         investor relations and capital markets consulting, market intelligence and analysis,
                                         financial communications support, and investor and analyst outreach and coordination.
                                         Services outside the scope of our Agreement are subject to additional or different fee
                                         arrangements which shall be agreed upon in writing by Client and Tobin Tao prior to commencement
                                         of work.

 

		2.	Term.
                                         This Agreement is effective as of October 1, 2013 (the “Start Date”).
                                         This Agreement shall remain in effect for 27 consecutive months following the Start Date
                                         (the “Initial Term”). After the initial 12 months, Tobin Tao and Client will
                                         review the amount of work conducted on the Client’s account and make reasonable
                                         adjustments to future work scope and/or fee structure that is agreeable to both parties.
                                         After the Initial Term, unless otherwise amended by the parties, this Agreement renews
                                         on a month to month basis; each renewal term being one calendar month (“Renewal
                                         Term”). During the Initial Term and subsequent Renewal Terms, either party may
                                         terminate this Agreement in accordance with the terms in Attachment 2.

 

		3.	Professional
                                         fees. Upon signing of this Agreement, Client shall pay Tobin Tao $10,000, which shall
                                         be applied as payment for services during the first month (October 2013). Beginning on
                                         November 1, 2013, Client shall pay Tobin Tao a retainer fee of $10,000 per month, which
                                         shall be billed on the first of each month and becomes due and payable within thirty
                                         (30) days. The retainer fee shall be pro-rated for any month in which services are provided
                                         for less than four weeks (28 days). In addition, the Client shall reimburse Tobin Tao
                                         for reasonable and necessary out-of-pocket expenses and other charges in accordance with
                                         Tobin Tao’s standard policies, as set forth in Attachment 2. Fees will be invoiced
                                         in U.S. Dollars and paid into Tobin Tao’s bank account as identified on the invoice
                                         and exclude any applicable taxes and bank charges.

 

		4.	Equity
                                         consideration. Client shall also grant Tobin Tao warrants to purchase 162,000 shares
                                         of common stock at an exercise price equivalent to the stock price set in the Client’s
                                         initial capital raise subsequent to the Start Date. These warrants shall vest on a monthly
                                         basis (6,000 per month) on the first day of each month during the Initial Term, beginning
                                         on October 1, 2013. These warrants shall expire on December 31, 2020.

 

		5.	Terms
                                         and conditions. Please reference Attachment 2 for important terms and conditions
                                         relating to this Agreement. Notices shall be provided as follows:

 

	 	To
    Tobin Tao:	Mark
    Tobin	 	To
    Client:	Dean
    Ledger	 
	 	 	500 State College Blvd., Suite 1100	 	20
    Trading Post Way	 
	 	 	Orange,
    CA 92868	 	 	Medford
    Lakes, NJ 08055	 
	 	 	mtobin@tobintao.com	 	 	dledger@globalphotonic.com	 

 

If
after full review, our Agreement is acceptable to you, please sign and return the enclosed and keep a copy for your records.

 

Sincerely,

 

	TOBIN
    TAO & COMPANY, INC.	 	AGREED:  GLOBAL
    PHOTONIC ENERGY CORPORATION
	 	 	 	 	 
	BY:	/s/
    Mark Tobin	 	BY:	/s/
    Dean Ledger
	 	Mark
    Tobin, Managing Partner	 	 	Dean
    Ledger, Chief Executive OfficerExhibit 10.18

 

 

 

April
7, 2015

CONFIDENTIAL

 

DEAN
L. LEDGER

CHIEF
EXECUTIVE OFFICER

NanoFlex
Power Corporation

17207
N. Perimeter Dr., Ste. 210

Scottsdale,
AZ 85255

 

Subject:
Amendment Letter

 

Dear
Mr. Ledger,

 

On
October 1, 2013, Tobin Tao & Company, Inc. (“Tobin Tao”) and NanoFlex Power Corporation (the “Client”)
entered into an Engagement Agreement (the “Original Agreement”), effective as of October 1, 2013, pursuant to which
the Client retained Tobin Tao for consulting services.

 

This
letter shall amend the aforementioned Engagement Agreement with respect to the terms below.

 

		1.	Scope
                                         of services. As specified in the Original Agreement.

 

		2.	Term.
                                         This Amendment Letter is effective April 1, 2015 (the “Start Date”).
                                         This Amended Agreement renews on a month to month basis; each renewal term being one
                                         calendar month (“Renewal Term”).

 

		3.	Professional
                                         fees. As specified in the Original Agreement.

 

		4.	Equity
                                         consideration. In lieu of the equity consideration set forth in the Original Agreement,
                                         Client shall immediately grant Tobin Tao warrants to purchase 200,000 shares of NanoFlex
                                         Power Corporation common stock at an exercise price equivalent to $0.50 per share. These
                                         warrants shall vest immediately and have a cashless exercise feature.

 

		5.	Terms
                                         and conditions. As specified in the Original Agreement.

 

Except
as otherwise provided herein, the Original Agreement remains in full force and effect.

 

Please
countersign this Amendment Letter below, whereupon it will constitute an agreement between Tobin Tao and the Client.

 

Sincerely,

 

	TOBIN TAO & COMPANY, INC.	 	AGREED:  NanoFlex Power Corporation
	 	 	 	 	 
	BY:	/s/ Mark Tobin	 	BY:	/s/ Dean L. Ledger
	 	Mark Tobin,
    Chief Executive Officer	 	 	Dean L. Ledger,
    Chief Executive Officer

 

 

Page
1 of 1

 

TOBIN TAO & COMPANY,
INC. | 61 LAKEFRONT, IRVINE, CA 92604 | (949) 500-1959

.

CONFIDENTIALExhibit 10.19

 

October
25, 2014

 

Mr.
Dean L. Ledger

NanoFlex
Power Corporation

17207
N. Perimeter Drive

Suite
210

Scottsdale,
Az. 85255

 

Re: Independent
Contractor Services Agreement. starting 10.15.14

 

Dear
Dean:

 

Thanks
for the opportunity to support the NanoFlex team. In accordance with our discussions on the strategic requirements for NanoFlex,
please see attached draft consulting engagement with NanoFlex Power Corporation.

 

Please
review and once agreed this letter will become the Consulting Services Agreement between Power Strategies LLC (PSL) and
NanoFlex Power Corporation (NanoFlex) under which PSL will provide certain Services to NanoFlex (this "Agreement").

 

Term
of Agreement. The Term of this Agreement will be up to ten (10) full workdays per month for three (3) months, which may be
extended by mutual agreement. Nonetheless, either NanoFlex or PSL may terminate this Agreement and the Services at any time, with
or without cause, upon ten (10) days prior written notice to the other. Upon such notice PSL will issue a final invoice covering
expended time and expenses up to time of termination.

 

Services.
The Services PSL shall provide will consist of strategic analysis of NanoFlex Technologies and providing advice on
Product Development Strategy, Product/Market Positioning and Communication Strategy, Operations Strategy, and Business Model
Development for the purposes of investor and strategic partner fund raising, Joint Development Agreements as well as other
purposes.

 

Independent
Contractor.NanoFlex will retain PSL services in the capacity of an independent contractor. It is agreed that PSL will not
be an employee nor authorized agent of NanoFlex. Accordingly, PSL shall determine the time, location, manner and means by which
we perform and complete the Services. PSL shall not have any authority to enter into contracts or binding commitments or obligations
in the name of or on behalf of NanoFlex without the express prior written authorization' NanoFlex as to the specific contract
or commitment.

 

Indemnification.
NanoFlex agrees to indemnify and hold harmless PSL, its affiliates, and their respective officers, directors, employees,
advisors, agents and affiliates (each, an "Indemnified Person") against any and all losses, claims, damages, or
liabilities of every kind whatsoever to which any Indemnified Person may become subject in connection in any way with the
transaction which is the subject of this letter, including without limitation expenses incurred in connection with
investigating or defending against any liability or action whether or not a party thereto, except to the extent any of the
foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted solely from such
Indemnified Person's willful misconduct or any breach of such Indemnified Person's contractual obligations to NanoFlex.
NanoFlex also agrees to assert no claim against PSL or any other Indemnified Person, on any theory of liability, for special,
indirect, consequential or punitive damages.

 

    	 

    	 

    

 

Fees
for Services. NanoFlex will pay PSL a Fee of $1,500 per day for the Services billed at 1/4 day minimum, to be paid within
15 days after PSL submits to NANOFLEX a monthly invoice, after the end of each month, describing the Services PSL actually provided
and the expenses for which PSL seek reimbursement (see below regarding expenses).

 

For
the fees paid, NanoFlex shall issue an IRS Form 1099 with respect each calendar year during which PSL receive fees under this
Agreement. Because PSL Is an independent contractor, PSL agrees that NanoFlex will take no withholdings from the Fees and shall
make no employer contributions to government sponsored programs on PSL's behalf (such as but not limited to Social Security, Unemployment
Insurance, and State Disability Insurance), and PSL are solely responsible for all taxes, statutory withholdings and contributions
including, without limitation, federal and Connecticut income taxes, and Social Security contributions. PSL agrees to defend,
indemnify and hold NanoFlex harmless from any and all claims made by any government entity on account of an alleged failure to
satisfy any such tax or withholding or contribution obligations.

 

Reimbursement
of Expenses. PSL will be reimbursed necessary and reasonable travel and other out-of-pocket expenses incurred by in connection
with providing the Services, provided that PSL provide receipts and obtain prior approval of a NanoFlex. NanoFlex will also reimburse
PSL up to $200 per month for telecom/internet connection expenses. PSL monthly invoices to NANOFLEX shall include an itemization
of the expenses incurred during that month, as well as supporting receipts thereof for which PSL seeks reimbursement.

 

Compliance
with Certain NANOFLEX Policies. Although PSL will not be an employee, PSL expects to comply with certain policies of NANOFLEX
during the Term in connection with providing the Services. These policies help ensure that NanoFlex operates in compliance with
applicable laws and its contractual obligations to third parties. These policies may include policy prohibiting discrimination
and unlawful harassment, securities trading, disclosure of confidential information, conflicts of interest and violation of applicable
laws. A copy of our other policies will be provided to PSL.

 

Non-Disclosure
Agreement. PSL will review NANOFLEX nondisclosure agreements as needed to aide in the review of NANOFLEX investment opportunities
or provide advice to portfolio companies.

 

Warranty.
PSL does not provide any warranties express or implied with respect to advice or analysis provided.

 

    	Page 2 of 3

    	 

    

 

Applicable
Law. This Agreement and all amendments shall be governed by and construed in accordance with the laws of the New York State.

 

Sincerely,

 

/s/
J. Norman Allen                      

J.
Norman Allen

President

Power
Strategies LLC

2384 Redding Road 

Fairfield, Ct 06824 

Office: 203-254-9927

Mobile: 203-209-0545

 

ACCEPTED
& AGREED:

 

/s/
Dean L. Ledger                        

Dean
L. Ledger

CEO

NanoFlex
Power Corporation

 

 

Page 3 of 3

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