Document:

Exhibit 10.5

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (“Agreement”),
dated as of February 15th, 2021 (the “Effective Date”), is made by and between Biosecurity Technology INC.,
a Nevada corporation, located at 3821 south 148th street Omaha Nebraska 68130, and hereafter referred to as “the
Company,” and Daniel Lynn, an individual residing in the state of Nebraska, hereinafter referred to as “Employee,”
based upon the following:

 

WHEREAS, the Company wishes
to retain the services of Employee, and Employee wishes to render services to the Company, as its Chief Executive and Chief Scientific
Officer.

 

WHEREAS the Company and Employee wish
to set forth in this Agreement the duties and responsibilities that Employee has agreed to undertake on behalf of the Company and
the Employee will be able to perform these duties from a location of his choice; and

 

WHEREAS the Company and Employee intend
that this Agreement will supersede and replace any and all other employment agreements entered into by and between the Company
and Employee, and that upon execution of this Agreement, any such employment agreements or arrangements shall have no further force
or effect, except the Confidentiality Agreements between the parties executed prior to this Agreement which shall continue in full
force and effect.

 

     

     

    

 

THEREFORE, in consideration of the
foregoing and of the mutual promises contained in this Agreement, the Company and Employee (who are sometimes individually referred
to as a “party” and collectively referred to as the “parties”) agree as follows:

 

AGREEMENT

 

1. SPECIFIED TERM.

 

The Company hereby employs Employee pursuant
to the terms of this Agreement and Employee hereby accepts employment with the Company pursuant to the terms of this Agreement
for the period beginning on February 15th,2021 (the “Commencement Date”) and ending on December 31st,
2025 subject to extension as provided below (the “Term”).

 

Subject to Sections 8, 9, and 10,
this Agreement will automatically be renewed for successive periods of one year after December 31st, 2025, unless either
party gives notice to the other, at least sixty (60) days prior to the expiration of the specified period that the party desires
to renegotiate this Agreement.  In the event that any party notifies the other party in writing of its desire to renegotiate
this Agreement, then the terms and conditions of this Agreement shall be extended for an additional 60 days after expiration of
the Term or until a mutual agreement is reached, whichever is shorter.  If a mutually acceptable renegotiated agreement is
not reduced to writing and executed by the parties within sixty (60) days after the end of the Term, then this Agreement shall
continue on a month-to-month basis until terminated by written notice given by either party at least thirty (30) days prior to
the end of any monthly period.

 

3. COMPENSATION.

 

(a) Annual Salary.  During
the Term of this Agreement, the Company shall pay to Employee an annual base salary in the amounts set forth below (the “Annual
Salary”).  The Annual Salary shall be:

 

(i) Two Hundred Forty Thousand Dollars ($240,000.00);
and

 

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(ii) shall thereafter be increased (but not
decreased) from time to time as approve by the Board of Directors.

 

The Annual Salary shall be paid to Employee
in equal installments in accordance with the periodic payroll practices of the Company for executive employees.

 

(b) Production Bonus; Assignment of
Proprietary Rights.  Employee will be entitled to receive the following bonuses.

 

(i) Equal to any bonus given to any other
executive of the company.

 

2. GENERAL DUTIES.

 

Employee shall report to the Company’s
Board, but not to any other executive of the company.  Employee shall devote the necessary time, ability, and attention to
the Company’s business during the term of this Agreement.  In his capacity as Chief Executive Officer and Chief Scientific
Officer, Employee shall be primarily responsible for the tasks set forth on Exhibit A, principally among them the development
of a proprietary “cleaning and disinfecting equipment” for inclusion in the Company’s product offering.  Employee
shall do and perform all services, acts, or things necessary or advisable to discharge his duties under this Agreement, and such
other duties as are commonly performed by an employee of his rank in a publicly traded corporation or which may, from time to time,
be prescribed by the Company through its Board of Directors.  Employee shall be entitled to perform his duties and obligations
at a location of his choice.  Furthermore, Employee agrees to cooperate with and work to the best of his ability with the
Company’s management team, which includes the Board of Directors and the officers and other employees, to continually improve
the Company’s reputation in its industry for quality products and performance.

 

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(a) Common Stock Grant. Within
three (3) days after execution of this Agreement, Employee shall receive a one-time grant of one Million (1,000,000) shares of
Company restricted Common Stock.  The Common Stock shall vest as follows:

 

500,000 within ten (10) days after execution
of the Agreement; and 500,000 after on February 15th, 2022.

 

(b) Cost of Living Adjustment.
  Commencing as of January 1, 2022, and on each January 1st thereafter, the then effective Annual Salary shall
be increased (but not decreased) by an amount: (i) which shall reflect the increase, if any, in the cost of living during the previous
12 months by adding to the Annual Salary an amount computed by multiplying the Annual Salary by the percentage by which the level
of the Consumer Price Index as reported on January 1st of the new year by the Bureau of Labor Statistics of the
United States Department of Labor has increased over its level as of January 1st of the prior year, and (ii) which
will maintain Employee’s compensation at a level consistent with the compensation paid to executive officers holding similar
positions in the Company’s industry.  Additionally, the Board of Directors shall periodically review Employee’s
Salary to determine whether to otherwise increase Employee’s compensation, without any obligation by the Board to authorize
such an increase.

 

(c) Participation in Employee Benefit
Plans.  Employee shall have the same rights, privileges, benefits and opportunities to participate in any the Company’s
employee benefit plans which may now or hereafter be in effect on a general basis for executive officers or employees.  The
Company may delete benefits and otherwise amend and change the type and quantity of benefits it provides in its sole discretion.
 In the event Employee receives payments from a disability plan maintained by the Company, the Company shall have the right
to offset such payments against the Annual Salary otherwise payable to Employee during the period for which payments are made by
such disability plan.

 

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4. REIMBURSEMENT OF BUSINESS EXPENSES.
 

 

The Company shall promptly reimburse Employee
for all reasonable business expenses incurred by Employee in connection with the business of the Company including travel (other
than commuting to the office from Employee’s residence), lodging and meals while traveling, cell phone usage, business meals,
etc.  However, each such expenditure shall be reimbursable only if Employee furnishes to the Company adequate records and
other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities
for the substantiation of each such expenditure as an income tax deduction.  The Company will provide Employee with a laptop
computer, cell phone and any additional IT requirements for business use.

 

5. ANNUAL VACATION.

 

Employee shall be entitled to four (4) weeks’
vacation time each year without loss of compensation. Employee agrees not to take all at one time.

 

6. INDEMNIFICATION OF LOSSES; PRODUCT
LIABILITY INSURANCE.

 

(a) So long as Employee’s actions were
taken in good faith and furtherance of the Company’s business and within the scope of Employee’s duties and authority,
the Company shall indemnify and hold Employee harmless to the full extent of the law from any and all claims, losses and expenses
sustained by Employee as a result of any action taken by him to discharge his duties under this Agreement, and the Company shall
defend Employee, at the Company’s expense, in connection with any and all claims by stockholders or third parties which are
based upon actions taken by Employee to discharge his duties under this Agreement.

 

(b) The Company shall maintain at all times
product liability insurance on the company, employee and any other products developed and sold by the Company in an amount of coverage
that is consistent with industry standards and shall ensure that Employee is named as an additional insured thereunder.

  

7. PERSONAL CONDUCT.

 

Employee agrees promptly and faithfully to
comply with all present and future policies, requirements, directions requests and rules and regulations of the Company in connection
with the Company’s business.

 

8. TERMINATION BY THE COMPANY FOR CAUSE.

 

The Company reserves the right to declare
Employee in default of this Agreement if (each a “Cause”):

 

(a) Employee is convicted of any fraud or
embezzlement against the Company; or

 

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(b) After written notice and an opportunity
to cure, Employee willfully breaches or habitually neglects the duties and responsibilities which he is required to perform under
the terms of this Agreement; or

 

(c) Employee commits such acts of dishonesty,
fraud, misrepresentation, gross negligence or willful misconduct which results in material harm to the Company or its business;
or

 

(d) Employee violates any law, rule or regulation
applicable to the Company or Employee relating to the business operations of the Company that may have a material adverse effect
upon the Company’s business, operations or condition (financial or otherwise).

 

The Company may terminate this Agreement
for Cause immediately upon written notice of termination to Employee; provided, however, if the Company terminates this Agreement
due to Employee’s willful breach or habitual neglect of the duties he is required to perform, then Employee shall be entitled
to a period of thirty (30) days from the date of the written notice of termination to cure said breach.  Except as otherwise
set forth in this Section 8, upon any termination for Cause, the obligations of Employee and the Company under this
Agreement shall immediately cease except the obligations of Employee in Sections 11(b), 12(a) and 12(c) which
shall survive termination for a period of one year.  Such termination shall be without prejudice to any other remedy to which
the Company may be entitled either at law, in equity, or under this Agreement.  If Employee’s employment is terminated
pursuant to this Section 8, the Company shall pay to Employee (i) Employee’s accrued but unpaid Annual Salary
and vacation pay through the effective date of the termination; (ii) continue to pay the Bonus for so long as the Company continues
to offer and sell the Product and to pay any other production bonus agreed with respect to other products; and (iii) business expenses
incurred prior to the effective date of termination and shall transfer to Employee any stock earned but unissued pursuant to Section
3(c).  Employee shall not be entitled to continue to participate in any employee benefit plans except to the extent provided
in such plans for terminated participants, or as may be required by applicable law.  

 

9. TERMINATION BY THE COMPANY UPON
DEATH OR DISABILITY.

 

(a) Death.  Employee’s
employment shall terminate upon the death of Employee.  Except as otherwise set forth in Section 9(c) below,
upon such termination the obligations of Employee and the Company under this Agreement shall immediately cease except the obligations
of Employee in Sections 11(b), 12(a) and 12(c) which shall survive termination for a period of one year.

 

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(b) Disability.  The Company
reserves the right to terminate Employee’s employment upon ten (10) days written notice if, for a period of ninety (90) days,
Employee is prevented from discharging his duties under this Agreement due to any physical or mental disability.  Except as
otherwise set forth in Section 9(c) below, upon such termination the obligations of Employee and the Company under
this Agreement shall immediately cease except the obligations of Employee in Sections 11(b), 12(a) and 12(c) which
shall survive termination for a period of one year.

 

(c) Effect of Termination upon Death
or Disability.  In the event Employee’s employment is terminated due to Employee’s death or disability,
then:

 

(i) The Company shall pay Employee’s
accrued but unpaid Annual Salary and vacation time through the effective date of the termination.

 

(ii) The Company shall continue to pay to
heirs or assigns the Bonus for long as the Company sells the Product, as well as any other production bonus agreed to between the
Parties with respect to any other products.

 

(iii) The Company shall reimburse Employee
or his heirs for any business expenses incurred prior to the effective date of the termination.

 

(iv) All of the shares of Common Stock granted
pursuant to Section 3(d) shall automatically vest and be free from any restrictions imposed by this Agreement;
and

 

(v) Employee (including Employee’s
heirs) shall be entitled to continue to participate in any employee benefit plans to the extent provided in such plans for terminated
participants, or as may be required by applicable law.

 

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10. TERMINATION BY EXECUTIVE.

 

Employee’s employment may be terminated
at any time by Employee for any reason or without reason upon not less than ninety (90) days written notice by Employee to the
Board.  Except as otherwise set forth in this paragraph (a), upon such termination the obligations of Employee and the Company
under this Agreement shall immediately cease except the obligations of Employee in Sections 11(b), 12(a) and 12(c) which
shall survive termination for a period of one year.  In the event of a termination pursuant to this paragraph, the Company
shall pay to executive (i) Employee’s accrued but unpaid Annual Salary and vacation pay through the effective date of the
termination; (ii) the Bonus for so long as the Company sells the Product and any other production bonus agreed with respect to
any other product; and (iii) business expenses incurred prior to the effective date of termination.  Employee shall not be
entitled to continue to participate in any employee benefit plans to the extent provided in such plans for terminated participants,
or as may be required by applicable law.

 

11. EMPLOYEE COVENANTS.

 

(a) Covenant not to Compete. During
the Term and for a period of two (2) years after any termination of this Agreement, Employee shall not, directly or indirectly,
as an employee, agent, advisor, independent contractor, officer, director, manager, member, partner, owner, consultant or otherwise,
(i) compete with the Company or with any of its Subsidiaries or Affiliates in any jurisdiction in which the Company sells
a material quantity of products, (ii) solicit for employment or any other capacity any employee or executive of the Company
or of any of its Subsidiaries or Affiliates, (iii) induce or attempt to induce any employee of the Company or of any of its
Subsidiaries or Affiliates to leave the employ of the Company or of any of its Subsidiaries or Affiliates, (iv) solicit any
actual or potential customer of the Company or of any of its Subsidiaries or Affiliates for any business that competes directly
or indirectly with the Company or any of its Subsidiaries or Affiliates or (v) interfere with, disrupt or attempt to disrupt
the relationship, contractual or otherwise, between any customer, licensor, licensee, supplier, consultant or employee of the Company
or of any of its Subsidiaries or Affiliates. An activity competitive with an activity engaged in by the Company or by any of its
Subsidiaries or Affiliates shall include becoming an employee, agent, advisor, independent contractor, officer, director, manager,
member, partner, owner, consultant or other assistant or representative of, or being an investor to any extent or in any manner
in, any entity or person engaged in any business that is competitive with the business of the Company. Notwithstanding any of the
foregoing, for purposes of this Agreement, the beneficial ownership by Employee of less than a five percent (5.0%) interest in
any publicly traded entity shall not be deemed to be competition with the Company or with any of its Subsidiaries or Affiliates.

 

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(b) Solicitation of Employees.
 Employee agrees that, for a period of one (1) year after the termination of Employee’s employment with the Company,
Employee shall not employ or offer to employ or solicit the employment of any employee of the Company or of any of its Subsidiaries
or Affiliates, either for Employee’s own purpose or for any other person or entity. Employee further agrees that Employee
shall not divulge any of the Company’s Confidential Information (as that term is defined in Section 12)
to solicit, directly or indirectly, employees, contractors, licensees or customers of the Company or of any of its Subsidiaries
or Affiliates, either for Employee’s own purpose or for any other person or entity.

 

(c) Enforceability. The covenants
set forth in Sections 11(a) and 11(b) shall be construed as an agreement independent of
any other provision of this Agreement, and the existence of any claim or cause of action of Employee against the Company or against
any of its Subsidiaries or Affiliates, whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of any of such covenants. Employee expressly waives any right to assert inadequacy of consideration
as a defense to enforcement of any of the provisions of this Section 11. Employee and the Company hereby acknowledge
that it is the desire and intent of Employee and the Company, and Employee and the Company hereby agree, that the terms and provisions
of this Section 11 shall be enforced to the fullest extent permissible under the laws and public policies
applied in each jurisdiction in which enforcement is sought.

 

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12. COVENANTS REGARDING CONFIDENTIALITY.

 

(a) Covenants. Employee acknowledges
and agrees that Employee has been and will continue to be entrusted with trade secrets and proprietary information regarding Inventions
(as defined in the Proprietary Information and Invention Assignment Agreement attached hereto as Exhibit B), the
products, processes, know-how, designs, formulas, marketing techniques and future business plans, customer lists and information
concerning the identity, needs and desires of actual and potential customers of the Company, its Subsidiaries or its Affiliates,
competitive analyses, pricing policies, the substance of agreements with customers and others, marketing or concession arrangements,
servicing and training programs and arrangements, developmental or experimental work, improvements, inventions, formulas, ideas,
designs, computer programs, data bases, other original works of authorship, financial information or other subject matter pertaining
to any business of the Company or any of its Subsidiaries, Affiliates, consultants or licensees and all documents embodying such
confidential information (collectively, “Confidential Information”), all of which derives significant economic
value from not being generally known by others outside the Company. In connection with the foregoing, Employee specifically acknowledges
(a) that the customer lists of the Company are confidential and not readily known by the Company’s competitors, (b) that
such customers are particularly important to the Company’s business, (c) that business relationships between such customers
and the Company normally would continue unless interfered with and (d) that solicitation of such customers by Employee, following
termination of Employee’s employment under this Agreement, would cause injury to the Company’s business.

 

During the Term and thereafter for a period
of two (2) years, except for the sole benefit of the Company or with the express written consent of the Board of Directors, Employee
shall not at any time, directly or indirectly, disclose to or permit to be known by any person, firm, corporation or other form
of entity any Confidential Information acquired by Employee during the course of or as an incident to Employee’s employment
under this Agreement, or as a result of Employee’s association with the Company or any of its Subsidiaries or Affiliates,
whether or not relating to the Company or any of its Subsidiaries or Affiliates, the directors of the Company or its Subsidiaries
or Affiliates, or any corporation, partnership or other entity owned or controlled, directly or indirectly, by any of the foregoing,
or in which any of the foregoing has a beneficial interest, including the business affairs of each of the foregoing, except as
required by law to be disclosed (in which case Employee first shall give the Company written notice of such requirement reasonably
in advance of such anticipated required disclosure and shall assist the Company in obtaining a protective order or confidential
treatment to the extent requested by the Company). Notwithstanding any of the foregoing, for purposes of this Agreement, the term “Confidential
Information” shall not include any information that was in the public domain at the time of disclosure to Employee
or that comes lawfully into the public domain without breach of this Agreement.

 

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(b) Enforceability. The covenants
set forth in Section 12(a) shall be construed as an agreement independent of any other provision of this
Agreement, and the existence of any claim or cause of action of Employee against the Company, whether predicated on this Agreement
or otherwise, shall not constitute a defense to the enforcement by the Company of any of such covenants. Employee expressly waives
any right to assert inadequacy of consideration as a defense to enforcement of any of the provisions of this Section 12.
Employee and the Company hereby acknowledge that it is the desire and intent of Employee and the Company, and Employee and the
Company hereby agree, that the terms and provisions of this Section 12 shall be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.

 

(c) Proprietary Information and Invention
Assignment Agreement. As a material inducement to the Company to execute and deliver to Employee this Agreement, and as
a condition to the enforceability of this Agreement against the Company, within 10 days after Employee’s execution and delivery
to the Company of this Agreement, Employee shall execute and deliver to the Company a Proprietary Information and Invention Assignment
Agreement substantially in the form attached hereto as Exhibit B (the “Proprietary Rights Agreement”).

 

(d) Representations, Warranties and
Covenants of Employee. In order to induce the Company to enter into and perform this Agreement, Employee represents and
warrants that Employee is not a party to any contract, agreement or understanding that prevents or prohibits Employee from entering
into this Agreement or fully performing all of Employee obligations under this Agreement and that Employee’s performance
of all of the terms of this Agreement and Executive’s employment by the Company does not and will not breach any agreement
to keep in confidence proprietary information acquired by Employee in confidence or in trust before Employee’s employment
by the Company.

 

13. COMPANY COVENANTS

 

(a) No Competitive Products.
 During the Term of this Agreement and until the Minimum Production Bonus has been paid, the Company agrees that the Company
will not offer or sell, directly or indirectly, any product that is competitive with the Product developed by Employee in any market
in which the Company is lawfully able to offer and sell the Product.

 

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14. MISCELLANEOUS

 

(a) Preparation of Agreement.
 It is acknowledged by each party that such party either had separate and independent advice of counsel or the opportunity
to avail itself or himself of the same.  In light of these facts, it is acknowledged that no party shall be construed to be
solely responsible for the drafting hereof, and therefore any ambiguity shall not be construed against any party as the alleged
draftsman of this Agreement.

 

(b) Cooperation.  Each
party agrees, without further consideration, to cooperate and diligently perform any further acts, deeds and things and to execute
and deliver any documents that may from time to time be reasonably necessary or otherwise reasonably required to consummate, evidence,
confirm and/or carry out the intent and provisions of this Agreement, all without undue delay or expense.

 

(c) Interpretation.  

 

(i) Entire Agreement/No Collateral Representations.
 Each party expressly acknowledges and agrees that this Agreement, including all exhibits attached hereto, together with the
Proprietary Rights Agreement: (1) is the final, complete and exclusive statement of the agreement of the parties with respect to
the subject matter hereof; (2) except with respect to the Confidentiality Agreement executed between the parties prior to this
Agreement, supersedes any prior or contemporaneous agreements, promises, assurances, guarantees, representations, understandings,
conduct, proposals, conditions, commitments, acts, course of dealing, warranties, interpretations or terms of any kind, oral or
written (collectively and severally, the “Prior Agreements”), and that any such prior agreements are of no force or
effect except as expressly set forth herein; and (3) may not be varied, supplemented or contradicted by evidence of Prior Agreements,
or by evidence of subsequent oral agreements.  Any agreement hereafter made shall be ineffective to modify, supplement or
discharge the terms of this Agreement, in whole or in part, unless such agreement is in writing and signed by the party against
whom enforcement of the modification or supplement is sought.

 

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(ii) Waiver.  No breach of any
agreement or provision herein contained, or of any obligation under this Agreement, may be waived, nor shall any extension of time
for performance of any obligations or acts be deemed an extension of time for performance of any other obligations or acts contained
herein, except by written instrument signed by the party to be charged or as otherwise expressly authorized herein.  No waiver
of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof,
or a waiver or relinquishment of any other agreement or provision or right or power herein contained.

 

(iii) Remedies Cumulative.  The
remedies of each party under this Agreement are cumulative and shall not exclude any other remedies to which such party may be
lawfully entitled.

 

(iv) Severability.  If any term
or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be determined to
be invalid, illegal, or unenforceable under present or future laws effective during the term of this Agreement, then and, in that
event: (A) the performance of the offending term or provision (but only to the extent its application is invalid, illegal or unenforceable)
shall be excused as if it had never been incorporated into this Agreement, and, in lieu of such excused provision, there shall
be added a provision as similar in terms and amount to such excused provision as may be possible and legal, valid and enforceable,
and (B) the remaining part of this Agreement (including the application of the offending term or provision to persons or circumstances
other than those as to which it is held invalid, illegal or unenforceable) shall not be affected thereby and shall continue in
full force and effect to the fullest extent provided by law.

 

(v) No Third-Party Beneficiary.  Notwithstanding
anything else herein to the contrary, the parties specifically disavow any desire or intention to create any third-party beneficiary
obligations, and specifically declare that no person or entity, other than as set forth in this Agreement, shall have any rights
hereunder or any right of enforcement hereof.

 

(vi) Heading; References; Incorporation;
Gender.  The headings used in this Agreement are for convenience and reference purposes only and shall not be used in
construing or interpreting the scope or intent of this Agreement or any provision hereof.  References to this Agreement shall
include all amendments or renewals thereof.  Any exhibit referenced in this Agreement shall be deemed to include the other
gender, including neutral genders or genders appropriate for entities, if applicable, and the singular shall be deemed to include
the plural, and vice versa, as the context requires.

 

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(d) Enforcement.

 

(i) Applicable Law.  This Agreement
and the rights and remedies of each party arising out of or relating to this Agreement (including, without limitation, equitable
remedies) shall be solely governed by, interpreted under, and construed and enforced in accordance with the laws (without regard
to the conflicts of law principles thereof) of the State of Nevada, as if this agreement were made, and as if its obligations are
to be performed, wholly within the State of Nevada.

 

(ii) Consent to Jurisdiction; Service
of Process.  Any action or proceeding arising out of or relating to this Agreement shall be filed in and heard and litigated
solely before the federal district courts or state courts of Nevada located within the Clark County, state of Nevada.

 

(e) No Assignment of Rights or Delegation
of Duties by Employee.  Employee’s rights and benefits under this Agreement are personal to him and therefore
(i) no such right or benefit shall be subject to voluntary or involuntary alienation, assignment or transfer; and (ii) Employee
may not delegate his duties or obligations hereunder.

 

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(f) Notices.  Unless otherwise
specifically provided in this Agreement, all notices, demands, requests, consents, approvals or other communications (collectively
and severally called “Notices”) required or permitted to be given hereunder, or which are given with respect to this
Agreement, shall be in writing, and shall be given by: (A) personal delivery (which form of Notice shall be deemed to have been
given upon delivery), (B) by telegraph or by private airborne/overnight delivery service (which forms of Notice shall be deemed
to have been given upon confirmed delivery by the delivery agency), (C) by electronic or facsimile or telephonic transmission,
provided the receiving party has a compatible device or confirms receipt thereof (which forms of Notice shall be deemed delivered
upon confirmed transmission or confirmation of receipt), or (D) by mailing in the United States mail by registered or certified
mail, return receipt requested, postage prepaid (which forms of Notice shall be deemed to have been given upon the fifth (5th)
business day following the date mailed).  Each party, and their respective counsel, hereby agrees that if Notice is to be
given hereunder by such party’s counsel, such counsel may communicate directly with all principals, as required to comply
with the foregoing notice provisions.  Notices shall be addressed to the address hereinabove set forth in the introductory
paragraph of this Agreement, or to such other address as the receiving party shall have specified most recently by like Notice,
with a copy to the other parties hereto.  Any Notice given to the estate of a party shall be sufficient if addressed to the
party as provided in this subparagraph.

 

(g) Counterparts.  This
Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute
one and the same instrument, binding on all parties hereto.  Any signature page of this Agreement may be detached from any
form hereto by having attached to it one or more additional signature pages.

 

(h) Execution by All Parties Required
to be Binding; Electronically Transmitted Documents.  This Agreement shall not be construed to be an offer and shall
have no force and effect until this Agreement is fully executed by all parties hereto.  If a copy or counterpart of this Agreement
is originally executed and such copy or counterpart is thereafter transmitted electronically by facsimile or similar device, such
facsimile document shall for all purposes be treated as if manually signed by the party whose facsimile signature appears.

 

In witness hereof, the parties execute this
Employment Agreement as of the date first written above.

 

BIOSECURITY TECHNOLOGY, INC.

 

EMPLOYEE

 

By:                                                          

 

Daniel Lynn

 

Title: Chief Executive Officer and Chief Scientific
Officer

 

 

 

SIGNATURE PAGE TO EMPLOYMENT AGREEMENT

 

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EXHIBIT A

 

Description of Duties and Responsibilities

 

1. The immediate development of a proprietary
technology form inclusion in the Company’s product offerings (“the Product”) and the future development of a
proprietary “products”)

 

2. All duties shall be performed at a location
of Employee’s choice, provided the Company shall not incur any costs or expenses of rent or general office expenses.

 

3. Employee shall, at the request of the
Company, attend such marketing, promotional, distributors or directors’ meetings in Nevada or elsewhere in the US provided.

 

a. Employee shall not be required to travel
more than three (3) consecutive days or four (4) non-consecutive days in any thirty (30-day period: and

 

b. Employee shall not be required to attend
board, distributor or other promotional meetings more frequently that once per calendar quarter.

 

4. The Company shall be responsible at its
cost and expense to research, beta type, test, validate and ship all products.  Upon payment of the Minimum Sale Commission,
the Company shall receive Product formula and related trade secrets and manufacturing instructions and shall thereafter be responsible
for production.

 

5. The Company and Employee shall agree to
other duties from time to time as they may mutually agree.

 

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EXHIBIT B

 

Form of Proprietary Information and Invention
Assignment Agreement

 

PROPRIETARY INFORMATION AND INVENTION
ASSIGNMENT AGREEMENT

 

THIS PROPRIETARY INFORMATION AND INVENTION
ASSIGNMENT AGREEMENT (this “Agreement”) is dated as of February 15th, 2021 by and between Biosecurity
Technology, INC., a Nevada corporation (the “Company,” which term includes the Company’s subsidiaries,
affiliated entities, successors and assigns), and Daniel Lynn (“Employee”). As a term and condition of Employee’s
employment with the Company, and as additional consideration therefor and/or for its continuation at the date hereof, as well as
for other good and valuable consideration the receipt and sufficiency of which Employee hereby acknowledges, the Company and Employee
hereby agree, and Employee hereby represents and warrants, as follows:

 

1. Purposes of this Agreement. Employee
understands that the Company is engaged in a continuous program of research, development, production and marketing in connection
with the Company’s business and that it is critical for the Company to preserve and protect the Company’s Proprietary
Information (as defined in this Agreement), the Company’s rights in Inventions (as defined in this Agreement) and all related
intellectual property rights of the Company. Accordingly, Employee is entering into this Agreement as a condition of Employee’s
employment with the Company, whether or not Employee is expected to, or does, create Inventions (as defined in this Agreement)
of value for the Company. Employee understands and agrees that the Company’s remedies for Employee’s breach of this
Agreement include, without limitation, termination of Employee’s employment with the Company. The parties acknowledge and
agree that a breach of this Agreement does not and shall not nullify this Agreement.

 

2. Proprietary Information. Employee
understands that Employee’s employment with the Company creates a relationship of confidence and trust with respect to any
and all information of a confidential or secret nature that may be disclosed to Employee by the Company, or that may be learned
by Employee during Employee’s employment with the Company, that relates to the business of the Company or to the business
of any parent, subsidiary, affiliate, customer or supplier of the Company or any other party with whom the Company agrees to hold
information of such party in confidence (all of the foregoing, collectively, “Proprietary Information”).
Proprietary Information includes, without limitation, Inventions (as defined in Section 0 of this Agreement) and
Confidential Information. As used herein, “Confidential Information” means, without limitation, the
products, processes, know-how, designs, formulas, marketing techniques and future business plans, customer lists and information
concerning the identity, needs and desires of actual and potential customers of the Company, its subsidiaries or its affiliates,
competitive analyses, pricing policies, the substance of agreements with customers and others, marketing or concession arrangements,
servicing and training programs and arrangements, developmental or experimental work, improvements, inventions, formulas, ideas,
designs, computer programs, data bases, other original works of authorship, financial information or other subject matter pertaining
to any business of the Company or any of its subsidiaries, affiliates, clients, consultants or licensees and all documents embodying
such confidential information, all of which derives significant economic value from not being generally known by others outside
the Company.

  

    B-1

     

    

 

3. Ownership of Proprietary Information;
Confidentiality. All Proprietary Information and all patents, copyrights, trade secret rights and other rights (including,
without limitation, all extensions, renewals, continuations or divisions of any of the foregoing) in connection therewith are and
shall be the sole and exclusive property of the Company. Employee hereby irrevocably assigns to the Company all rights that Employee
may have or acquire in any and all Proprietary Information. If Employee discloses Employee’s own or any third party’s
confidential information or intellectual property when acting within the scope of Employee’s employment or otherwise on behalf
of the Company, the Company will have, and Employee hereby irrevocably grants to the Company, a perpetual, irrevocable, worldwide,
royalty-free, non-exclusive, sublicensable right and license to exploit and exercise all such confidential information and intellectual
property rights. At all times, both during and after termination of Employee’s employment with the Company, except for the
sole benefit of the Company or with the express written consent of the Board of Directors of the Company, Employee shall not at
any time, directly or indirectly, disclose to or permit to be known by any person, firm, corporation, limited liability company,
partnership, association or other form of entity any Proprietary Information acquired by Employee during the course of or as an
incident to Employee’s employment with the Company, or as a result of Employee’s association with the Company or any
of its subsidiaries or affiliates, whether or not relating to the Company or any of its subsidiaries or affiliates, the directors
of the Company or its subsidiaries or affiliates, any client of the Company or of any of its subsidiaries or affiliates, or any
corporation, limited liability company, partnership, association or other form of entity owned or controlled, directly or indirectly,
by any of the foregoing, or in which any of the foregoing has a beneficial interest, including, without limitation, the business
affairs of each of the foregoing, except as required by law to be disclosed (in which case Employee first shall give the Company
written notice of such requirement reasonably in advance of such anticipated required disclosure and shall assist the Company in
obtaining a protective order or confidential treatment to the extent requested by the Company). Notwithstanding any of the foregoing,
for the purposes of this Agreement, the term “Proprietary Information” shall not include any information
that was in the public domain at the time of disclosure to Employee or that comes lawfully into the public domain without breach
of this Agreement. Upon termination of Employee’s employment, Employee shall promptly return to the Company all items containing
or embodying Proprietary Information (including all copies), except that Employee may keep personal copies of (i) Employee’s
compensation records, (ii) materials distributed to stockholders generally and (iii) this Agreement.

 

4. No Expectation of Privacy. Employee
recognizes and agrees that Employee has no expectation of privacy with respect to the Company’s telecommunications, networking
or information processing systems (including, without limitation, stored computer files, email messages and voice messages) and
that any activity and all files or messages on or using any of those systems may be monitored at any time without notice.

 

5. Disclosure of Inventions. Employee
shall disclose promptly in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas,
ideas, processes, compositions of matter, computer software programs, algorithms, techniques, schematics, know-how, data, databases
and trade secrets (collectively, without limitation, “Inventions”) that Employee makes or conceives or
first reduces to practice or creates, either alone or jointly with others, during Employee’s employment with the Company,
whether or not in the course of Employee’s employment, and whether or not such Inventions are patentable, copyrightable or
protectible as trade secrets. To the extent that the Company does not have rights thereto under this Agreement, such disclosure
shall be received by the Company in confidence and does not extend the assignments made in Section 0 or Section
0 hereof.

 

6. Works Made for Hire, Assignment of
Inventions. Employee acknowledges and agrees that all copyrightable works prepared by Employee within the scope of Employee’s
employment with the Company are “works made for hire” under the federal Copyright Act and that the Company shall be
considered the author and owner of all such copyrightable works. Employee agrees that all Inventions that Employee makes, conceives,
reduces to practice or develops (in whole or in part, either alone or jointly with others) during Employee’s employment with
the Company (a) shall be the sole and exclusive property of the Company to the maximum extent permitted by Section 2870
of the California Labor Code (which is quoted in Section 0 of this Agreement) and (b) shall be “works
made for hire” to the extent permitted by law. The Company shall be the sole owner of all patents, copyrights, trade secret
rights and other intellectual property or other rights in connection therewith. Employee hereby irrevocably assigns to the Company
all rights that Employee may have or acquire in all of such Inventions. Employee shall disclose anything to the Company Employee
believes is excluded by Section 2870 of the California Labor Code so that the Company can make an independent assessment.

 

    B-2

     

    

 

7. Assignment of Other Rights. In
addition to the foregoing assignment of Inventions to the Company, Employee hereby irrevocably transfers and assigns to the Company
(a) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other intellectual property rights
in any Invention and (b) all Moral Rights (as defined in this Agreement) that Employee may have in or with respect to any
Invention. Employee also hereby forever waives and agrees never to assert any Moral Right that Employee may have in or with respect
to any Invention, even after termination of Employee’s employment with the Company. To the extent that Employee retains any
Moral Right under applicable law, Employee hereby ratifies and consents to any action that may be taken with respect to such Moral
Right by or authorized by the Company, and Employee agrees to confirm all such ratifications, consents and agreements from time
to time as requested by the Company. For the purposes of this Agreement, “Moral Rights” means all
rights to claim authorship of an Invention, to object to or prevent the modification of any Invention or to withdraw from circulation
or control the publication or distribution of any Invention and any similar right, existing under judicial or statutory law of
any country in the world or under any treaty, regardless of whether or not such right is denominated or generally referred to as
a “moral right.”

 

8. Labor Code Section 2870 Notice.
Employee has been notified and understands that the provisions of Section 0 and Section 0 of
this Agreement do not apply to any Invention that qualifies fully under the provisions of Section 2870 of the California Labor
Code or any similar provision of any state or federal law.  Section 2870 of the California Labor Code states as follows:

 

(a) ANY PROVISION IN AN EMPLOYMENT AGREEMENT
WHICH PROVIDES THAT AN EMPLOYEE SHALL ASSIGN, OR OFFER TO ASSIGN, ANY OF EMPLOYEE’S RIGHTS IN AN INVENTION TO EMPLOYEE’S
EMPLOYER SHALL NOT APPLY TO AN INVENTION THAT THE EMPLOYEE DEVELOPED ENTIRELY ON EMPLOYEE’S OWN TIME WITHOUT USING THE EMPLOYER’S
EQUIPMENT, SUPPLIES, FACILITIES, OR TRADE SECRET INFORMATION EXCEPT FOR THOSE INVENTIONS THAT EITHER: (1)  RELATE AT THE TIME
OF CONCEPTION OR REDUCTION TO PRACTICE OF THE INVENTION TO THE EMPLOYER’S BUSINESS, OR ACTUAL OR DEMONSTRABLY ANTICIPATED
RESEARCH OR DEVELOPMENT OF THE EMPLOYER; OR (2) RESULT FROM ANY WORK PERFORMED BY THE EMPLOYEE FOR THE EMPLOYER.

 

(b) TO THE EXTENT A PROVISION IN AN EMPLOYMENT
AGREEMENT PURPORTS TO REQUIRE AN EMPLOYEE TO ASSIGN AN INVENTION OTHERWISE EXCLUDED FROM BEING REQUIRED TO BE ASSIGNED UNDER SUBDIVISION 0,
THE PROVISION IS AGAINST THE PUBLIC POLICY OF THIS STATE AND IS UNENFORCEABLE.

 

9. Assistance. Employee agrees to
perform, during and after termination of Employee’s employment with the Company, all acts deemed necessary or desirable by
the Company to permit and assist the Company, at the Company’s sole expense, in obtaining and enforcing patents, copyrights,
trade secret rights or other rights on, in and/or to such Inventions and/or all other Inventions that Employee has or may at any
time assign to the Company in any country. Such acts may include, without limitation, execution of documents and assistance or
cooperation in legal proceedings. Employee agrees to assist the Company in every proper way to obtain for the Company and enforce
patents, copyrights, mask work rights, trade secret rights and other legal protections for the Company’s Inventions in any
country and all countries. Employee shall execute all documents that the Company may reasonably request for use in obtaining or
enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. Employee’s obligations under
this Section shall continue beyond the termination of Employee’s employment with the Company, provided that the Company
shall compensate Employee at a reasonable rate after such termination for time or expenses actually spent by Employee at the Company’s
request on such assistance. Employee appoints the Secretary of the Company as Employee’s attorney-in-fact to execute documents
on Employee’s behalf for this purpose.

 

10. Appointment of Agents and Attorneys-in-Fact.
Employee hereby irrevocably designates and appoints the Company and the Company’s duly-authorized officers and agents as
Employee’s agents and attorneys-in-fact to act for and in Employee’s behalf and instead of Employee to execute and
file any application and all applications or related filings and to do all other lawfully permitted acts to further the prosecution
and issuance of patents, copyrights, trade secret rights or other rights thereon with the same legal force and effect as if executed
by Employee.

  

    B-3

     

    

 

11. Complete List of Inventions and/or
Improvements to Which Ownership is Claimed. Employee attaches hereto as Exhibit A is a complete list of all
Inventions and/or improvements to which Employee claims ownership and that Employee desires to remove from the operation of this
Agreement, and Employee covenants that such list is complete. If no such list is attached to this Agreement, Employee represents
that Employee has no such Inventions and/or improvements at the time of signing this Agreement. If, in the course of Employee’s
employment with the Company, Employee incorporates into a Company product, process or machine any Invention and/or improvement
listed in Exhibit A attached hereto or any other invention, technical writing, paper, journal article, development
or trade secret that was made by Employee before Employee’s employment with the Company, which is owned solely by Employee
or in which Employee has an exclusive interest (collectively, a “Pre-Employment Invention”), Employee hereby
grants to the Company, and the Company as of the date hereof shall have, a nonexclusive, royalty-free, irrevocable, perpetual worldwide
license to make, have made, modify, use and sell such Pre-Employment Invention as part of or in connection with such product, process
or machine. Notwithstanding the foregoing, Employee shall not incorporate any Pre-Employment Invention into any Company product,
process or machine without the Company’s prior written consent. Employee acknowledges and agrees that the Company at all
times shall be free to compete with or develop information, inventions and products within the areas and type of any and every
Pre-Employment Invention.

 

12. No Breach of Prior Agreement.
Employee’s performance of all of the terms of this Agreement and/or any employment agreement by and between the Company and
Employee shall not breach any invention assignment, proprietary information or similar agreement by and between Employee and any
former employer or other person or entity. Employee represents and warrants that Employee shall not bring with Employee,
and that Employee has not brought with Employee, to the Company or use in the performance of Employee’s duties for the Company
any document or material of a former employer or any other person or entity that is not generally available to the public or that
has not been legally transferred to the Company.

 

13. No Other Breach. Employee’s
performance of all of the terms of this Agreement shall not breach any agreement or obligation to keep in confidence proprietary
information acquired by Employee from any other person or entity. Employee has not entered into, and shall not enter into, any
written or oral agreement that is or could be in conflict with this Agreement.

 

14. Binding Agreement. This Agreement
shall be effective as of the first day of Employee’s employment with the Company and shall be binding on Employee and Employee’s
heirs, executors, assigns and administrators and shall inure to the benefit of the Company, its subsidiaries, its affiliates, its
successors and its assigns.

 

    B-4

     

    

 

15. Not an Employment Contract. Employee
agrees that this Agreement is not an employment contract for any term and that Employee has the right to resign and the Company
has the right to terminate Employee’s employment at will, at any time, for any or no reason, with or without cause. In addition,
this Agreement does not purport to set forth all of the terms and conditions of Employee’s employment, and, as an employee
of the Company, Employee shall have obligations to the Company that are not set forth in this Agreement. However, the terms of
this Agreement govern over any inconsistent term between this Agreement and any employment agreement with Employee.

 

16. Authority to Notify. Employee
hereby authorizes the Company to notify Employee’s actual or future employers of the terms of this Agreement and Employee’s
responsibilities under this Agreement.

 

17. Name and Likeness Rights, Etc.
Employee hereby authorizes the Company to use, reuse, and to grant others the right to use and reuse, without any further compensation
to Employee, Employee’s name, photograph, likeness (including caricature), voice and biographical information and any reproduction
or simulation thereof, in any and all media now known or hereafter developed (including, without limitation, film, video and digital
or other electronic media), both during and after termination of Employee’s employment with the Company, in a customary and
commercially reasonable manner for marketing, promotional and other purposes reasonably related to the Company’s business,
in the good faith judgment of the Company as to each such use.

 

18. No Waiver. No waiver of any of
the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar.
No waiver shall constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party charged with
the waiver.

 

19. Severability. The provisions of
this Agreement are contractual and not mere recitals. This Agreement shall be considered severable, such that, if any provision
or part of this Agreement ever is held invalid under any law or ruling, then that provision or part of this Agreement shall remain
in force and effect to the extent allowed by law, and all other provisions or parts shall remain in full force and effect.

 

    B-5

     

    

 

20. Injunctive Relief. Employee acknowledges
and agrees that a breach or a threatened breach of this Agreement shall result in great or irreparable harm to the Company for
which there is no adequate remedy at law. Therefore, in the event of a breach or threatened breach by Employee of the provisions
of this Agreement, the Company shall be entitled to an injunction restraining Employee from violating the terms hereof, or from
disclosing to any person, firm, corporation, limited liability company, partnership, association or other form of entity, whether
or not Employee then is employed thereby, or an officer, director or owner thereof, any Proprietary Information, as that term has
been defined herein. Nothing herein shall be construed as prohibiting the Company from pursuing any other remedy available to it
for such breach or threatened breach, including recovery of damages from Employee. Both parties hereto recognize that the services
to be rendered by Employee during the term of Employee’s employment are special, unique and of extraordinary character.

 

21. Other Agreements. Except for any
employment agreement between the Company and Employee, this Agreement supersedes any prior agreement, representation or promise
of any kind, whether written, oral, express or implied, between the parties hereto with respect to the subject matters herein.
This Agreement constitutes the full, complete and exclusive agreement between the parties with respect to the subject matters herein.
This Agreement cannot be changed unless in a writing approved by the Board of Directors of the Company and signed by both a duly
authorized officer of the Company and Employee.

 

22. Governing Law. This Agreement
shall be interpreted under and governed by the laws of the State of California (other than their choice-of-law provisions). The
signature of the parties on the lines provided below shall create a binding and enforceable legal obligation under law.

 

23. Rights and Remedies. No right,
power or remedy herein conferred upon or reserved to the Company is intended to be exclusive of any other right, power or remedy.
Every right, power and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right, power
and remedy given hereunder or now or hereafter existing at law, or in equity, or otherwise and may be exercised from time to time
and as often and in such order as may be deemed expedient by the Company. The exercise of any right, power or remedy shall not
be construed as a waiver of the right to exercise at the same time or thereafter any other right, power or remedy.

 

    B-6

     

    

 

24. Captions. The captions of the
paragraphs in this Agreement are for convenience only and shall not be considered or referred to in resolving questions of construction
and/or interpretation.

 

25. Survival of Representations, Warranties,
Covenants and Agreements. All statements contained in this Agreement shall be deemed continuing representations, warranties,
covenants and agreements made by the Company and Employee, to the extent so made herein, and, notwithstanding any provision of
this Agreement to the contrary, shall survive the termination of this Agreement or Employee’s services to the Company. No
investigation by or on behalf of any party to this Agreement shall constitute a waiver of any such representation, warranty, covenant
or agreement.

 

26. Voluntary Execution. Employee
acknowledges that Employee has read carefully this Agreement and understands its terms and that Employee is entering into this
Agreement voluntarily. Employee acknowledges that the Company’s legal counsel is not legal counsel to Employee and
has not advised Employee in any way in connection with or regarding this Agreement. Employee further represents, warrants and acknowledges
that Employee has been given the opportunity to be represented by independent legal counsel in connection with this Agreement and
has consulted with such independent legal counsel or has waived Employee’s right to do so.

 

27. Counterpart Execution. This Agreement
may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and
the same instrument.

 

28. Facsimile Transmission. The confirmed
facsimile transmission by one party hereto of a signed copy of the signature page of this Agreement to the other party hereto or
to such party’s agent shall constitute delivery of this Agreement.

 

[Signature Page Follows]

 

    B-7

     

    

 

IN WITNESS WHEREOF, the Company and
Employee have executed this Proprietary Information and Invention Assignment Agreement to be effective as of the date first written
above.

 

	 	 	 
	Employee’s Signature	 	Date
	 	 	 
	 	 	 
	Employee’s Name (Please Print)	 	 
	 	 	 
	Biosecurity Technology, INC.	 	 
	 	 	 
	 	 	 
	By:	 	 	Date
	
        Name:

        Title:
	
        Daniel Lynn

        CEO and CSOExhibit
10.1

 

PROMISSORY
NOTE

 

	$100,000	 	January 12, 2021

 

FOR
VALUE RECEIVED, KLUSMAN FAMILY HOLDINGS, LLC, an Arizona limited liability company with an address of 2701 E. Camelback Road,
Ste. 180, Phoenix, AZ 85016 (“Maker”), agrees and promises to pay to the order of CHEE CORP., a Nevada corporation
with an address of 1206 E. Warner Rd, Suite 101-I, Gilbert, AZ 85296 (“Holder”), the sum of One Hundred Thousand
Dollars ($100,000), with such amount payable to Holder at the address set forth above, or at such other place as Holder may designate.

 

This
note replaces the previously executed note dated January 12, 2021, that was payable by Holder to Maker, which Maker acknowledges
is cancelled and of no further force and effect.

 

1.       Interest.
This promissory note (this “Note”) bears simple interest at the rate of ten percent (10%) per annum. No interest
payments are due until the Maturity Date.

 

2.       Payments.
The entire balance of this Note is due and payable on or before June 30, 2021 (the “Maturity Date”). Maker
may prepay all or any portion of this Note at any time without penalty.

 

3.       Security.
This Note is unsecured.

 

4.       Use
of Proceeds. The amount advanced by Holder to Maker, the repayment of which is evidenced by this Note, shall be used by Maker
exclusively toward the purchase of real property located at 325 N. Ash in Gilbert, Arizona.

 

5.       Default.
The existence or occurrence of any one or more of the following will constitute an “Event of Default” under
this Note:

 

   4.1       Non-Performance.
Maker’s failure to comply timely and fully with any of the terms or provisions of this Note, including, without
limitation, the failure to pay all amounts due within ten (10) days after the due date.

 

   4.2       Bankruptcy;
Insolvency. Maker being insolvent by being unable to pay debts when due or by having liabilities in excess of assets; or Maker
committing an act of bankruptcy, making a general assignment for the benefit of creditors, or the filing by or against Maker of
a voluntary or involuntary petition in bankruptcy or for the appointment of a receiver (and any involuntary petition is not dismissed
within thirty (30) days from the filing thereof); or if there commences under any law relating to bankruptcy, insolvency, reorganization
or relief of debtors, proceedings affecting any significant part of Maker’s property or for the composition, extension,
arrangement, or adjustment of any of their respective obligations; or if a writ of attachment, execution, or any similar process
is issued or levied against any significant part of Maker’s property that is not released, stayed, bonded, or vacated within
a reasonable time after its issue or levy.

 

6.       Default
Interest. Upon the occurrence of an Event of Default, Holder shall be entitled to receive and Maker shall pay interest on
the entire unpaid principal balance at a rate (the “Default Rate”) equal to fifteen percent (15%) per annum.
The Default Rate shall be computed from the occurrence of the Event of Default until payment in full. This clause, however, shall
not be construed as an agreement or privilege to extend the Maturity Date, nor as a waiver of any other right or remedy accruing
to Holder by reason of the occurrence of any Event of Default.

    1 

     

    

7.       Acceleration.
In addition to all other rights and remedies at law and/or equity Holder may have if an Event of Default occurs, Holder, at its
option without further notice to Maker, may declare immediately due and payable the unpaid principal balance of this Note together
with all other sums owed by Maker under this Note.

 

8.       Notices.
All notices that Holder or Maker is required or permitted to give under this Note shall be delivered to the addresses of Maker
and Holder as set forth in the opening paragraph.

 

9.       Severability.
If any term or provision of this Note is, to any extent, determined by a court of competent jurisdiction to be invalid or unenforceable,
the remainder of this Note will not be affected, and the invalid or enforceable term or provision will be reduced or otherwise
modified by the court or authority only to the minimum extent necessary to make it valid and enforceable. If any term or provision
cannot be reduced or modified to make it reasonable and permit its enforcement, it will be severed from this Note and the remaining
terms will be interpreted in a way as to give maximum validity and enforceability to this Note. It is the intention of Maker that,
if any provision of this Note is capable of two constructions, one of which would render the provisions void and the other of
which would render the provisions valid, then the provision will have the meaning that renders it valid.

 

10.     Time
of the Essence. Time is of the essence of this Note. Whenever notice must be given, payment made, document delivered, or an
act done under this Note on a day that is not a Business Day, the notice may be given, payment made, document delivered, or act
done on the next following day that is a Business Day. “Business Day” means a day other than a Saturday, Sunday,
or a day observed as a legal holiday by the United States government or the State of Arizona.

 

11.     Governing
Law; Jurisdiction and Venue. This Note is to be governed by and interpreted in accordance with the laws of the State of Arizona.
Any legal action or proceeding with respect to this Note or any document related hereto shall be brought in Maricopa County, Arizona
in any court of competent jurisdiction, and, by execution and delivery of this Note, Maker and the Holder hereby accept the jurisdiction
and venue of such courts.

 

12.     Successors
and Assigns. This Note shall be binding upon and inure to the benefit of Maker and Holder and their respective successors
and permitted assigns. Maker may not voluntarily or involuntarily transfer, convey, or assign this Note, or any of its duties
or obligations hereunder, without Holder’s prior written consent, which may be withheld for any reason, or for no reason
at all. As used herein, the term “Holder” means and includes the successors and permitted assigns of the Holder.

 

13.     Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Maker,
which is absolute and unconditional, to pay the principal amount and accrued interest of this Note at the time, place, and rate,
and in the currency, herein prescribed. This Note is a direct debt obligation of Maker.

 

14.     Attorneys’
Fees and Costs. Each party shall bear its own expenses in connection with the issuance of this Note; provided, however, that
if any action at law or in equity is necessary to enforce or interpret the terms of this Note, the prevailing party shall be entitled
to its reasonable attorneys’ fees, costs, and disbursements in addition to any other relief to which such party may be entitled.

 

15.     No
Waiver by Holder. No delay or failure of Holder in exercising any right hereunder shall affect such right, nor shall any single
or partial exercise of any right preclude further exercise thereof.

 

(Signature
Page Follows)

    2 

     

    

	 	MAKER	 
	 	Klusman Family Holdings, LLC,
	 	an Arizona limited liability company
	 	 	 
	 	By:	 
	 	Name: 	 
	 	Its:	 

    3

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