Document:

Exhibit 10.1

 

Executive
Employment Agreement

 

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), dated as of August  15, 2015, (the “Effective Date”)
is made and entered by and between Millennium Healthcare Inc., a Delaware corporation (the “Company”), and David Bingaman,
an individual, hereinafter referred to as (the “Executive”).

 

WITNESSETH:

 

The Board of Directors
of the Company (“Board”) has unanimously agreed to and invited the Executive to join the Board of Directors as a Director
with voting authority and the Board has further recommended that the Executive become the Company’s President, to encourage
the Executive’s attention and dedication to the Company as a member of the Company’s Board and Executive Management
teams, in the best interests of the Company and its shareholders; As consideration for Board service, the Company agrees to compensate
Executive 1,000,000 stock options at the initial strike price of $.005 per share for year one. Future compensation for Board service
shall be determined by the Chief Executive Officer and/or the Board of Directors.

 

AND

 

The Executive has accepted
the Board’s offer and invitation to join as a Board Member and President of the Company;

 

AND

 

The Company and Executive
desire to enter into this Agreement to set forth the terms and conditions on which Executive is employed by the Company from the
Effective Date, as follows:

 

This Agreement contemplates
that Executive will be a key employee of the Company.   As such, the Company will continue to make available to Executive
confidential information and continue to make a substantial investment in Executive for the benefit of the Company and its shareholders.  The
Company and Executive recognize that the goodwill derived therefrom is a valuable asset of the Company.  The Company
and Executive agree that such confidential information and goodwill are entitled to protection during the term of this Agreement
and for a reasonable time thereafter. The Company acknowledges that Executive brings to the Company his experience and his non-confidential
general knowledge of the Healthcare Industry.

 

The Company and Executive
are sophisticated business persons.  Each has had the opportunity to be advised by counsel with respect to this Agreement,
including the post-termination restrictions, and acknowledges that these restrictions are appropriate protection of the Company’s
confidential information and goodwill and that Executive has entered into this Agreement fully knowing the effect of such restrictions
and voluntarily accepting the restrictions, which the parties believe to be reasonable in temporal and geographic scope.

 

Now, therefore, for
good and valuable consideration, the receipt and sufficiency of such consideration being hereby acknowledged, and for and in consideration
of the mutual promises, covenants, and obligations contained herein, Company and Executive agree as follows:

 

    	Executive Employment Agreement: David Bingaman

     

    

 

1. Employment. The Company hereby
agrees to employ the Executive, and the Executive hereby accepts employment with the Company, for the term set forth in Section
2 below, in the position and with the duties and responsibilities set forth in Section 3 below, and upon the other terms and conditions
set forth herein.

 

2. Term. Executive's employment
under this Agreement shall continue for a term of Three (3) years, or until terminated as provided in Section 8 hereof.

 

(a) Renewal: This Agreement and the Employment
period may be renewed for a consecutive one (1) year extension, with proper notice given by both Parties thirty (30) days prior
to the termination date.

 

3. Duties; Position; Devotion of Time.
The Executive is engaged as President of the Company, and may hold further titles as determined by the Chief Executive Officer
from time to time. The Executive shall have the duties and responsibilities with respect to the management of the business affairs
of the Company as a President would have.  The Executive shall perform such other reasonable duties (taking into consideration
the Executive’s position in the Company) as may be prescribed by the Chief Executive Officer of the Company from time to
time. The Executive shall use his best efforts to serve the Company faithfully and promote its best interests and shall devote
all of his business time, attention and services to the faithful and competent discharge of such duties.

 

4. Cash Compensation.

 

(a) Base Salary. In consideration
of the services to be rendered by the Executive to the Company and in consideration of the Executive's other covenants hereunder,
the Company will pay the Executive a base salary at the rate of (Two Hundred Thousand Dollars) $200,000 per annum commencing on
the term defined in Section 2 above. Salary shall be payable at such intervals as may be established by the Company from time to
time for salary payments to its Executive Management. Each December, the Chief Executive Officer of the Company or the Compensation
Committee thereof, shall review the Executive’s performance and establish the Executive’s annual salary increase and
Performance Bonus standards for the succeeding year.

 

(b) Performance Bonus. The Executive
shall be entitled to a bonus in addition to his base salary in an aggregate amount up to 75% of his then current base salary which
shall be tied to the objective performance standards provided for and determined by the Chief Executive Officer (the “Performance
Bonus”);

 

(c) Discretionary Bonus. In addition
to the Performance Bonus described in Section 4(b), the Executive may receive an additional annual bonus as shall be determined
by the Chief Executive Officer in its sole discretion (the “Discretionary Bonus”);

 

5. Other Compensation.

 

(a) Automobile. In addition to the
Performance Bonus and Discretionary Bonus described in Section 4, the Executive shall be entitled to an automobile allowance of
Five Hundred ($500.00), paid monthly.

 

(b) Stock. Executive shall receive
Three Million (3,000,000) restricted common stock option shares of Millennium Healthcare, Inc. “MHCC” company traded
stock at a strike price of $.005 per share, which shall vest monthly in equal amounts over Executive’s first six consecutive
months of employment.

 

Additionally, the Executive shall be entitled
to participate in such other incentive compensation plans as the Chief Executive Officer may, in its sole discretion, determine
(including the equity compensation arrangements).

 

6. Executive Benefits. The Executive
will be entitled to participate, in accordance with the provisions thereof, in any Executive benefit plans and programs made available
by the Company to its Executive Management generally. Until such plans have been established, the company shall reimburse Executive
for 100% of the cost of a personal health, dental and optical insurance plan on a monthly basis.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

(a) Vacation and Personal Time: The Executive
shall have four (4) weeks per calendar year of paid vacation time, plus one (1) week of personal paid time.

 

(b) Relocation: The Company shall pay for
all relocation costs for moving personal assets from Denver and Baltimore to Miami. This may occur in two phases at the discretion
of the Executive. The Company shall pay to have Executive’s car shipped from Baltimore to Miami. The Company shall also pay
for pre-approved flights and related expenses necessary to arrange the logistics of relocating assets from both locations and exiting
current residence. As necessary, the company shall provide a subcompact rental car during the relocation period and airport parking
or transportation as needed.

 

(c) Temporary Housing: The Company shall
pay for modest temporary furnished housing in the Miami Beach area for up to six months. The Company will pre-approve the venue
and cost. The Company shall select a venue that includes parking, Wifi and Laundry facilities.

 

7. Business Expense Reimbursements.
While employed under this Agreement, the Executive will be entitled to reimbursement for all reasonable out-of-pocket expenses
incurred in performing services hereunder, to the extent provided by the applicable policies of the Company, upon presentation
by the Executive, from time to time, of an itemized account of such expenses and appropriate documentation therefore. This shall
include monthly cell phone expenses with data and data plan for tablet computer. The Company shall also reimburse Executive for
a new Tablet computer.

 

8. Termination of Employment.

 

(a) Death or Disability
of the Executive. This Agreement shall immediately terminate as of the date of death or disability of the Executive and upon
death or disability, as the case may be, any and all obligations of the Company to the Executive shall immediately terminate.  In
such event the Executive or the Executive’s estate, as the case may be, shall be entitled to receive all salary and other
compensation and benefits due the Executive hereunder through the date of death or determination of disability. For purposes of
this provision, “disability” shall be defined as the Executive’s inability or physical or mental incapacity,
with or without a reasonable accommodation, to perform the essential functions and duties of his position with the Company by reason
of a physical or mental disability, impairment or condition. Executive agrees to submit such medical evidence, acceptable to the
Company, regarding his disability, impairment or condition as it may reasonably request.

 

(b) Termination by the Company for Cause.
The Company may terminate this Agreement at any time and without prior notice to the Executive for Cause (as hereinafter defined).

 

“Cause” means (i) the Executive's
deliberate and continual abandonment and willful refusal to perform the duties required of his position under this Agreement, ,
in any such case after written notification from the Company, provided that the Executive has been given 30 days to correct such
behavior or, dishonesty or moral turpitude which are detrimental to the Company or its subsidiaries and affiliates, (ii) the Executive's
conviction or guilty plea for any felony offense or any crime that involves fraud, theft, misappropriation or embezzlement. Upon
termination for Cause under Section 8(b)(i) or Section 8(b)(ii), all obligations of the Company to the Executive shall terminate
immediately. The Executive may not be terminated for performance as a “For Cause” definition, under this Section.

 

(c) Termination by the Company for Performance
or Other Than For Cause. Notwithstanding any other term or provision of this Agreement, the Company may terminate the Executive's
employment upon thirty (30) days prior written notice to the Executive for whatever reason the Company deems appropriate or for
no reason. Executive recognizes that Executive is voluntarily employed with the Company and employment is “at-will”
and the Company may terminate Executive’s employment at any time and for any reason or for no reason without penalty. Upon
termination in accordance with this Section 8(c), the Executive also shall be eligible to receive Severance Compensation (as set
forth in Section 9(a)(ii)) subject to the terms and conditions specified in Section 9.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

(d) Voluntary Termination by the Executive.
After the first anniversary of this Agreement commencing, the Executive may terminate his employment under this Agreement at any
time upon 30 days’ prior written notice to the Company ; provided, however, that the Company, in its discretion, may require
the Executive to vacate the Company’s premises at any time during such notice period. Upon termination in accordance with
this Section 8(d), the Executive also shall be eligible to receive Severance Compensation (as set forth in Section 9(a)(iii), as
the case may be) subject to the terms and conditions specified in Section 9. In the event of such a voluntary termination of employment,
the Executive will be entitled to receive any unpaid base salary through the date on which the Executive's termination becomes
effective (i.e., the expiration of the aforementioned written notice period) or the date that the Executive is required to vacate
the premises, whichever is earlier, and shall be entitled to receive Severance Compensation for the period thereafter and in the
amount set forth in Section 9 hereof.

 

(e) Change of Control: A Change of Control
shall be defined as either: (a) Change of CEO; or (b) Change of majority voting members of the Board of Directors; or (c) Sale,
Merger or Transfer of the company’s assets/collateral to another organization with a different Board of Directors or CEO.
In the event of a Change of Control, this contract shall automatically extend for two years with all compensation bonuses and severance
fully guaranteed for the first two years. Further, all equity awards shall immediately become fully vested[Accelerated Vetsing].
If the Company elects to terminate Executive’s employment after a Change of Control, the Executive shall be entitled to all
of the unpaid portion of the guaranteed salary and bonus values for the balance of the two year period, plus severance. At Change
of Control, the earned severance and insurance benefit period in this Agreement shall immediately double. The Executive may terminate
this Agreement at any time after a Change of Control at Executive’s sole discretion. Should Executive terminate the Agreement,
he will be entitled only to the doubled severance due at the time, remaining vacation and personal time due, pro rata performance
bonus, accelerated full vesting of any due equity awards and other benefits noted in Section 9.

 

9. Severance Compensation.

 

(a) Amount of Severance Compensation.
Subject to the terms and conditions of this Section 9, in the event of the termination of the Executive’s employment and
provided that the Executive is not in default of any provision of Section 10 or Section 11 of this Agreement, the Executive shall
be entitled to receive severance compensation (“Severance Compensation”) from the Company as follows:

 

(i) No Severance Compensation shall be
payable at any time pursuant to this

 

Agreement if the Executive’s employment
hereunder is terminated due to moral turpitude, death or disability of Executive pursuant to Section 8(a) or by the Company for
Cause pursuant to Section 8(b)(i) or Section 8(b)(ii) hereof.

 

(ii) If the Executive’s employment
hereunder is terminated pursuant to Section 8(c), the Executive shall be paid:

 

		·	An amount equal to (six) 6 times the Executive’s
gross monthly base salary at the rate in effect on the date of termination (it being understood and agreed that the Company may
purchase insurance to fund all or a portion of any payment required) and pay for continued coverage under the Company medical and
dental plans, or other such substantially equivalent plans, for the duration of the severance period.. After the first year of
employment, the Executive will earn additional severance benefits at a rate of one month for every 4 months of service to a limit
of 12 months severance. 

		·	The pro-rata value of the annual performance
bonus which shall become fully vested.

		·	Full pay out of remaining vacation pay
and personal time.

		·	Accelerated full vesting of any and all
equity awards. 

 

    	Executive Employment Agreement: David Bingaman

     

    

 

(iii) If the Executive’s employment
hereunder is voluntarily terminated by the Executive and the Executive provides the required notice in accordance with Section
8(d), the Company shall pay for Executive’s continued coverage under the Company medical and dental plans, or such other
substantially equivalent plans, for three months unless otherwise specified under Change of Control.. The Company may purchase
insurance to pay for this payment or any severance payment and the Executive agrees to cooperate with the purchase of such insurance.

 

(b) Payment of Severance Compensation.
Severance Compensation calculated pursuant to Section 9(a)(ii) shall be due and payable to the Executive in equal and consecutive
monthly installments. Such Severance Compensation shall be due and payable commencing in the month following such termination of
the Executive’s employment on the Company’s regular payroll dates for its executive management Executives.  

 

10. Restrictive Covenants. The Executive,
by entering into this Agreement, acknowledges receipt of good and adequate consideration to support the covenants provided in this
Section 10, these covenants being a fundamental part of the Company’s willingness and inducement to employ the Executive
hereunder. As long as the Company is not in default of any provision of this Agreement, the Executive agrees that all of the restrictive
covenants of this Section 10 shall be in full force and effect during the term of this Agreement; and for a minimum period of two
years following the termination of the Executive’s employment[Sections 10b; 10c; and 10d only] for whatever reason by either
party hereto; provided, that if the Executive is entitled to receive Severance Compensation pursuant to Section 9(a)(ii)or (iii)
above, the restrictive covenants of this Section 10 and Section 10a shall be in full force and effect for as long as Executive
continue to receives such payments. . The Executive covenants and agrees that, so long as the restrictive covenants of this Section
10 shall be in full force and effect, he will not, directly or indirectly:

 

(a) Own any interest in (other than by
ownership of less than one percent (1%) of any class of stock of a publicly held corporation), manage, operate, control, refer,
loan money to, be employed or engaged by, render consulting or advisory services to, serve as a director of, represent, or participate
in or be connected with the management or control of, any directly competing business (a “Competing Business”);

 

(b) Solicit any client or customer of the
Company to discontinue its use of the Company’s services or to divert such business to any individual, partnership, firm,
corporation or other entity then in competition with the Company or any of its subsidiaries or affiliates;

 

(c) Solicit any of the Executives or sales
representatives of the Company to work for any business, individual, partnership, firm, corporation or other entity then in competition
with the Company or any of its subsidiaries or affiliates; or

 

(d) Disparage the Company or any of its
products or services or wrongfully interfere with or disrupt the relationship, contractual or otherwise, between the Company and
any other party, including without limitation, any supplier, distributor, lessor, lessee, licensor or licensee.

 

(e) Extraordinary Relief. The restrictive
covenants contained in the Section 10 are in addition to, and not in limitation of, the rights and protections to which the Company
is otherwise entitled by law. It is the desire and intent of the parties that the provisions of this Section 10 shall be enforced
to the fullest extent permitted under the laws and public policies of each jurisdiction in which enforcement is sought. If any
court of competent jurisdiction determines that any provision of this Section 10 is unenforceable because of the duration or geographic
scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be,
and, in its reduced form, such provision shall then be enforceable.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

11. Confidential Information and Non-Disclosure.

 

(a) Executive recognizes that the services
to be performed by his hereunder are special, unique, and extraordinary and that, by reason of his employment with the Company,
he may acquire confidential information concerning the operation of the Company, the use or disclosure of which would cause the
Company substantial loss and damages which could not be readily calculated and for which no remedy at law would be adequate. Accordingly,
the Executive agrees and promises that he will not, for any reason or at any time, whether during or after his employment with
the Company, use, for himself or for the benefit of any other person, firm, corporation, or entity, or disclose to any person (except
to the extent that the proper performance of his duties may require such use or disclosure) any proprietary or confidential information
obtained by him in the course of, or as a result of, his employment with the Company. Any information not generally available to
the public shall be construed as proprietary or confidential for purposes of this Agreement, including, but not limited to, customer
lists, supplier lists, Executive lists, marketing data or plans, business plans, specifications, schematics, methods, processes,
confidential notes, trade secrets, procedures, research data, computer codes and passwords, any financial data of any kind and
any patient medical information or records of any kind. The Executive further agrees to maintain the privacy, security and confidentiality
of all information in accordance with (a) all applicable statutes and regulations and (b) the protocols, rules, policies, and other
requirements of accrediting agencies, licensors and authorities that are applicable to the operation of the Company’s business.

 

(b) Executive confirms that all of the
aforementioned confidential information is the exclusive property of the Company. All business records, papers and documents kept
or made by Executive while employed by the Company relating to the business of the Company shall be and remain the property of
the Company at all times. Upon the request of the Company at any time, Executive shall promptly deliver to the Company, and shall
retain no copies of, any written materials, records and documents made by Executive or coming into his possession while employed
by the Company concerning the business or affairs of the Company other than personal materials, records and documents (including
notes and correspondence) of Executive not containing proprietary information relating to such business or affairs.

 

12. Dispute Resolution.

 

(a) If at the time of any dispute arising
out of or in connection with this Agreement, the parties agree that such dispute shall be solely and finally settled by arbitration,
then such arbitration shall be conducted in accordance with this Section 12 in Dade County, Florida, in accordance with the federal
arbitration act (9 U.S.C. section 1 et seq.) under the auspices and rules of the American Arbitration Association (“AAA”).
The AAA shall be instructed by either or both parties hereto to prepare a list of at least three (3) judges who have retired from
the circuit court, district courts of appeals or Supreme Court of the state of Florida, or any federal court and at least two (2)
persons who have business experience in the Company’s industry. Within 10 days of receipt of the list, each party may strike
one name from thelist. The AAA shall then appoint one (1) arbitrator from the name(s) remaining on the list (the “Arbitrator”).
Any controversy in interpretation or enforcement of this provision or whether a dispute is arbitral, shall be determined by the
arbitrator. The parties hereby agree that the award of the Arbitrator shall be final and subject to no judicial review. The Arbitrator
shall decide the issues submitted to them, in writing, and in accordance with: (i) the provisions and commercial purposes of this
Agreement; and (ii) the laws of the State of Florida. Notwithstanding anything to the contrary in this Agreement, the parties hereby
agree that if following the termination of the Executive there is a dispute concerning the Executive’s compliance with Sections
10 or 11 hereof, such dispute shall be submitted to arbitration in accordance with this Section 12 and the Company agrees to continue
payments under Section 9 above into an escrow account of the then current corporate counsel of the company during such dispute.

 

(b) The parties agree to facilitate the
arbitration by: (i) making available to one another and to the Arbitrators for examination, inspection and extraction all documents,
books, records and personnel under their control if determined by the Arbitrators to be relevant to the dispute; (ii) conducting
arbitration hearings to the greatest extent possible on successive days; and (iii) observing strictly the time periods established
by the arbitral rules or by the Arbitrators for submission of evidence or briefs.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

(c) Judgment on the award of the Arbitrators
may be entered in any court having jurisdiction over the Party against which enforcement of the award is being sought. The non-prevailing
party in any arbitration shall pay the costs and expenses (including, without limitation, fees of counsel) of the prevailing party
incurred in conducting the arbitration.

 

(d) The arbitration procedures set forth
herein shall in no respect be construed to prevent a party from instituting formal proceedings at any time to avoid the expiration
of any applicable statute of limitations.

 

(e) The dispute resolution mechanism set
forth herein specifically contemplates that the parties shall be entitled to seek enforcement of this Agreement to the extent that
they do not agree that such dispute shall be solely and finally settled by arbitration in any court of competent jurisdiction to
the fullest extent permitted by law, by seeking any remedy available at law or in equity, including but not limited to a temporary
restraining order, preliminary and/or temporary injunctive relief and specific performance, without having to arbitrate and without
need to post any bond. Each party agrees that process may be served upon such party in any manner authorized under the laws of
the United States or Florida , and waives any objections that such party may otherwise have to such process.

 

13. Injunctive Relief. The Executive
by entering into this Agreement expressly agrees that the Company will or would suffer irreparable injury if the Executive were
to violate any or all of the provisions of Section 10 or Section 11 and that, accordingly, in the event of a breach by the Executive
of any of the provisions of Section 10 or Section 11, the Company shall (in addition to all other rights and remedies available
to it) be entitled to an injunction restraining any such breach thereof. Nothing herein shall be construed, however, as prohibiting
the Company from pursuing any other remedies at law or in equity which it may have for any such breach of any provision of Section
10 or Section 11, including the recovery of damages.

 

14. Successors and Assigns. This
Agreement shall be binding upon and shall inure to the benefit of the Executive and his personal representatives, estate and heirs
and to the Company and its successors and assigns, including without limitation any corporation or other entity to which the Company
may transfer and/or sell all or substantially all of its assets and business (by operation of law or otherwise) and to which the
Company may assign this Agreement. The Executive may not assign this Agreement or any part hereof without the prior written consent
of the Company, which consent may be withheld by the Company in its sole discretion.

 

(a) Judgment on the award of the Arbitrators
may be entered in any court having jurisdiction over the Party against which enforcement of the award is being sought. The non-prevailing
party in any arbitration shall pay the costs and expenses (including, without limitation, fees of counsel) of the prevailing party
incurred in conducting the arbitration.

 

(b) The arbitration procedures set forth
herein shall in no respect be construed to prevent a party from instituting formal proceedings at any time to avoid the expiration
of any applicable statute of limitations.

 

(c) The dispute resolution mechanism set
forth herein specifically contemplates that the parties shall be entitled to seek enforcement of this Agreement to the extent that
they do not agree that such dispute shall be solely and finally settled by arbitration in any court of competent jurisdiction to
the fullest extent permitted by law, by seeking any remedy available at law or in equity, including but not limited to a temporary
restraining order, preliminary and/or temporary injunctive relief and specific performance, without having to arbitrate and without
need to post any bond. Each party agrees that process may be served upon such party in any manner authorized under the laws of
the United States or Florida, and waives any objections that such party may otherwise have to such process.

 

15. Entire Agreement. This Agreement
contains the entire agreement of the parties with respect to the employment of the Executive by the Company and supersedes and
replaces any and all other understandings and agreements, whether oral or in writing, previously entered into by the parties with
respect to such employment.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

16. Amendment; Waiver. No provision
of this Agreement may be amended, modified or waived unless such amendment, modification or waiver is agreed to in writing and
signed by the Executive and by a duly authorized officer of the Company. Failure of the Company to enforce at any time or for any
period of time any of the conditions or covenants of this Agreement shall not be construed as a waiver of such conditions or covenants
or of the right of the Company to enforce subsequent breaches of the same or other conditions and covenants, unless such waiver
is provided to the Executive in writing and signed by the Chief Executive Officer of the Company.

 

17. Notices. All notices or other
communications given pursuant to this Agreement shall be in writing and either delivered personally, by overnight commercial courier
or by prepaid registered or certified mail, return receipt requested.   Notices and other communications mailed to the
Executive shall be addressed to his last address as shown on the personnel records of the Company and notices and other communications
to the Company shall be addressed to:

 

		For Executive:	David Bingaman

Email:
david.bingaman@yahoo.com

Address
TBD

		For Company:	Millennium Healthcare, Inc.

Attn:
Noel Mijares. CEO

141
NE 3rd Avenue, 9th floor

Miami,
Florida 33132

Email:
noel@millenniumhcs.com

 

Either party may change the address to
which notices are to be mailed pursuant to this Section 17, by written notice given in accordance herewith. Any notice pursuant
to this Section 17 shall be effective for all purposes on the date delivered or mailed as herein provided.

 

18. Severability. If any one or
more of the provisions contained in this Agreement shall be invalid, illegal, or unenforceable in any respect under any applicable
law, the validity, legality and enforceability of the remaining provision shall not in any way be affected or impaired thereby.
Should any provision of this Agreement, including each restrictive covenant contained in Section 10, be held unenforceable or invalid
by a court of competent jurisdiction, then the parties hereto agree that such provision shall be deemed modified for the purposes
of its performance to the extent necessary to render it lawful and enforceable, or if such a modification is not possible without
materially altering the intention of the parties hereto, then such provision shall be severed here from for purposes of the performance
of this Agreement. The validity of the remaining provisions of this Agreement, including each restrictive covenant contained in
Section 10, shall not be affected by such modification or severance.

 

19. Withholding. Without regard
to any other provision in this Agreement, all payments made by the Company hereunder shall be subject to the withholding of such
amounts relating to taxes as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation.

 

20. Attorneys’ Fees. If any
legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default
or misrepresentation in connection with any provision of this Agreement, the each party shall pay their own attorneys’ fees
and other costs incurred in such action or proceeding, in addition to any other relief to which such party may be entitled.

 

21. Governing Law. This Agreement
shall be governed by and construed in accordance with the laws and judicial decisions of the State of Florida, with venue lying
in Miami-Dade County, without regard to conflict of laws principles.

 

22. Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together
will constitute one and the same agreement.

 

    	Executive Employment Agreement: David Bingaman

     

    

 

***REST OF PAGE BLANK***

Signature Page to Follow

 

 

 

 

 

    	Executive Employment Agreement: David Bingaman

     

    

 

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

 

 

	By:	/s/ Noel Mijares	 
	 	Noel Mijares, CEO	 
	 	Millennium Healthcare, Inc.	 
	 	 	 
	 	 	 
	By:	/s/ David Bingaman	 
	 	David Bingaman, Executive	 

 

 

	Witnesses to CEO:	/s/ Daniel Baldor	 
	 	Print name, date and time.	 
	 	 	 
	 	 	 
	Witnesses to Executive:	/s/ Daniel Baldor	 
	 	Print name, date and time.	 

 

    	Executive Employment Agreement: David BingamanEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

DEUTSCHE BANK AG, CAYMAN ISLANDS BRANCH, 

as Buyer, 
 PRIMESTAR FUND I,
L.P., 
 as Seller, 
 WILMINGTON
SAVINGS FUND SOCIETY, FSB, NOT IN ITS INDIVIDUAL CAPACITY 
 BUT SOLELY AS TRUSTEE OF PRIMESTAR-H FUND I TRUST, AS TRUST 

SUBSIDIARY, 
 as Trust Subsidiary,

 and 
 STARWOOD WAYPOINT
RESIDENTIAL TRUST, AS GUARANTOR, 
 as Guarantor 

AMENDMENT NO. 3 
 dated as of
September 1, 2015 
 to the 

MASTER REPURCHASE AGREEMENT 
 dated
as of March 11, 2014 
  
  

 
  

 AMENDMENT NO. 3 TO MASTER REPURCHASE AGREEMENT 

This Amendment No. 3 to Master Repurchase Agreement, dated as of September 1, 2015 (this “Amendment”), is entered
into by and between Deutsche Bank AG, Cayman Islands Branch, as buyer (“Buyer”), Primestar Fund I, L.P., as seller (“Seller”), Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as
Trustee of Primestar-H Fund I Trust, as trust subsidiary (“Trust Subsidiary”) and Starwood Waypoint Residential Trust, as guarantor (“Guarantor”). Any capitalized terms not defined herein shall have the meaning
assigned to such term in the Master Repurchase Agreement (as defined below). 
 WHEREAS, the parties hereto entered into that certain the
Master Repurchase Agreement, dated as of March 11, 2014 (as may be further amended, restated, supplemented or otherwise modified from time to time, the “Master Repurchase Agreement”); 

WHEREAS, the parties hereto desire to amend the Master Repurchase Agreement as described below; 

NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1. Amendment. 

(a) Section 1 of the Master Repurchase Agreement is hereby amended by deleting the definition of Non-Utilization Fee in its entirety. 

(b) Section 1 of the Master Repurchase Agreement is hereby amended by adding the following definitions immediately after the definition of
Basel III Regulation: 
 ““Boarding Diligence” shall mean any diligence performed by Buyer or its
designee solely with respect to the initial determination of whether any new Trust Mortgage Loans or REO Properties are Eligible Assets. 

“Boarding Diligence Cap” has the meaning set forth in the Pricing Side Letter.” 

(c) Section 1 of the Master Repurchase Agreement is hereby amended by adding the following definitions immediately after the definition of
SIPA: 
 “SN Servicing Side Letter” means that certain letter agreement, dated as of October 10, 2014, by and among
Seller, Guarantor, Trust Subsidiary and Buyer. 
 (d) Section 1 of the Master Repurchase Agreement is hereby amended by deleting the
definition of Servicing Agreement in its entirety and replacing it with the following definition (bold language added for emphasis): 

 “Servicing Agreement” means (A) with respect to
(1) Statebridge Company LLC, that certain (i) Servicing Agreement dated as of November 1, 2012, by and between Statebridge Company LLC, as servicer, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely
as Trustee for PrimeStar-H Fund I Trust, as investor, together with (ii) the related Servicer Acknowledgement, and (2) SN Servicing Corporation, that (i) certain Servicing Agreement dated as of June 5, 2014, by and between SN
Servicing Corporation, as servicer, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee for PrimeStar-H Fund I Trust, together with (ii) (a) the SN Servicing Side Letter and (b) the related
Servicer Acknowledgement and (B) any other servicing agreement with a Servicer in form and substance acceptable to Buyer together with the related Servicer Acknowledgement; provided that each servicing agreement referred to in
(A) or (B) above shall include any amendments, modifications or supplements thereto. 
 (e) Section 7(b)(4) of the
Master Repurchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following (stricken language added for emphasis): 

“(4) fourth, to Buyer in payment of (a) any accrued and unpaid Price Differential to the extent not paid by Seller to
Buyer pursuant to Section 5, (b) any accrued and unpaid Non-Utilization Fees and (b) all other costs, fees and other amounts due and payable to the Buyer (other than Margin Deficit) pursuant to this Agreement and the
other Program Agreements;” 
 (f) Section 11(a) of the Master Repurchase Agreement is hereby amended by deleting the section
in its entirety and replacing it with the following (bold language added for emphasis): 
 “(a) Seller shall reimburse
Buyer for any of Buyer’s reasonable and documented out-of-pocket costs, including, but not limited to, due diligence review and Title Inquiry costs and reasonable attorney’s fees, incurred by Buyer in determining the acceptability to Buyer
of any Mortgage Loans and property inspections conducted by Buyer or its designee; provided that Buyer shall not be entitled to reimbursement of Boarding Diligence expenses in excess of the Boarding Diligence Cap. Seller shall also reimburse
Buyer for the costs and expenses incurred by Buyer in connection with monthly lien searches conducted by Buyer on REO Properties. Seller shall also pay, or reimburse Buyer if Buyer shall pay, any termination fee, which may be due any Servicer or the
Asset Manager. Seller shall pay the reasonable and documented fees and expenses of Buyer’s counsel and, up to $30,000, rating confirmation costs relating to a commercial paper conduit utilized by Buyer to finance the Transactions, in each case,
in connection with the Program Agreements. Reasonable and documented legal fees for any subsequent amendments to this Agreement or related documents shall be borne by Seller. Seller shall pay ongoing custodial fees and expenses as set forth in the
Custodial Agreement, and any other ongoing fees and expenses under any other Program Agreement.” 

  
 2 

 (g) Section 20 of the Master Repurchase Agreement is hereby amended by deleting the notice
information following the first paragraph thereof in its entirety and replacing it with the following: 
 “If to Seller: 

PrimeStar Fund I, L.P. 
 1999
Harrison Street, 24th Floor 
 Oakland, California 94612 

Attention: Nina Tran, Chief Financial Officer 

Phone: (510) 985-9002 

Facsimile: (510) 335-1093 

Email: nina@waypointgroup.com 

Attention: Tamra Browne, Chief Legal Officer 

Phone: (510) 987-8049 

Facsimile: (510) 550-2828 

Email: tamrab@waypointgroup.com 

With a copy to: 
 Prime Asset Fund
VI, LLC 
 12425 Race Track Road 

Tampa, FL 33626 
 Attention: Bruce
Korman 
 Phone: (813) 962-1300, Ext. 233 

Facsimile: (213) 477-2225 

Email: bkorman@primeassetfund.com 

With a copy to: 
 Sidley Austin
LLP 
 787 Seventh Avenue 
 New
York, New York 10019 
 Attention: Brian Krisberg, Esq. 

Phone: (212) 839-8735 

Email: Brian.Krisberg@Sidley.com” 

(h) Section 32(a) of the Master Repurchase Agreement is hereby amended by deleting the reference to “Non-Utilization Fee”
contained therein. 

  
 3 

 Section 2. Conditions to Effectiveness of this Amendment. 

This Amendment shall become effective upon the execution and delivery of this Amendment by all parties hereto and satisfaction of the
conditions set forth in Section 2 of Amendment No. 2 to the Pricing Side Letter, dated as of the date hereof (the “Amendment Effective Date”). 

Section 3. Effect of Amendment. Except as expressly amended and modified by this Amendment, all provisions of the Master
Repurchase Agreement shall remain in full force and effect and all such provisions shall apply equally to the terms and conditions set forth herein. This Amendment shall be effective as of the Amendment Effective Date upon the satisfaction of the
conditions precedent set forth in this Section 2 and shall not be effective for any period prior to the Amendment Effective Date. After this Amendment becomes effective, all references in the Master Repurchase Agreement to “this Master
Repurchase Agreement,” “hereof,” “herein” or words of similar effect referring to Master Repurchase Agreement shall be deemed to be references to the Master Repurchase Agreement, as amended by this Amendment. This Amendment
shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Master Repurchase Agreement other than as set forth herein. 

Section 4. Representations and Warranties. Seller, Trust Subsidiary and Guarantor hereby represent and warrant that the
execution and effectiveness of this Amendment shall not materially affect it, in the performance of its obligations under the Program Agreement. 

Section 5. Expenses. Seller, Trust Subsidiary and Guarantor hereby agree that in addition to any costs otherwise required
to be paid pursuant to the Master Repurchase Agreement, Seller, Trust Subsidiary and Guarantor shall be responsible for the payments of the reasonable and documented legal fees and out-of-pocket expenses of legal counsel to Buyer incurred in
connection with the consummation of this Amendment and all other documents executed or delivered in connection therewith. 

Section 6. Representations; Ratifications Covenants: 

(a) In order to induce Buyer to execute and deliver this Amendment, Seller, Trust Subsidiary and Guarantor each hereby represents and warrants
to Buyer that as of the date hereof, Seller, Trust Subsidiary and Guarantor are in full compliance with all of the terms and conditions of the Program Agreement and no Default or Event of Default has occurred and is continuing under the Program
Agreement. 
 (b) The parties hereto ratify all terms of the existing Master Repurchase Agreement other than those amended hereby, and ratify
those provisions as amended hereby. 
 (c) The Trust Subsidiary is hereby authorized and directed to execute this Amendment. 

Section 7. Entire Agreement. The Master Repurchase Agreement, as amended by this Amendment, constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof, and fully supersedes any prior or contemporaneous agreements relating to such subject matter. 

Section 8. Successors and Assigns. This Amendment shall be binding upon the parties hereto and their respective successors
and assigns. 

  
 4 

 Section 9. Section Headings. The various headings and sub-headings of this
Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Indenture or any provision hereof or thereof. 

Section 10. GOVERNING LAW. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN
CONNECTION WITH THIS AMENDMENT, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HERETO SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS. 
 Section 11. Counterparts. This Amendment may be executed in one or more counterparts and by the different
parties hereto on separate counterparts, including without limitation counterparts transmitted by facsimile, each of which, when so executed, shall be deemed to be an original and such counterparts, together, shall constitute one and the same
agreement. 
 [signature pages follow] 

  
 5 

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

			
	DEUTSCHE BANK AG, CAYMAN ISLANDS
	BRANCH, as Buyer
		
	By:	 	/s/ Ryan M. Stark
	Name:	 	Ryan M. Stark
	Title:	 	Managing Director
		
	By:	 	/s/ Menahem Namer
	Name:	 	Menahem Namer
	Title:	 	Vice President

  

			
	PRIMESTAR FUND I, L.P., as Seller
		
	By:	 	PrimeStar Fund I GP, L.L.C., its general partner
		
	By:	 	/s/ Nina Tran
	Name:	 	Nina Tran
	Title:	 	Authorized Signatory of the Management
		 	Committee of the General Partner
	
	STARWOOD WAYPOINT RESIDENTIAL TRUST, as Guarantor
		
	By:	 	/s/ Nina Tran
	Name:	 	Nina Tran
	Title:	 	Chief Financial Officer
	
	PRIMESTAR-H FUND I TRUST, as Trust Subsidiary
		
	By:	 	PrimeStar Fund I, L.P., its agent
		
	By:	 	PrimeStar Fund I GP, L.L.C., its general partner
		
	By:	 	/s/ Nina Tran
	Name:	 	Nina Tran
	Title:	 	Authorized Signatory of the Management
		 	Committee of the General Partner

 Amendment No. 3 to Master Repurchase Agreement

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