Document:

Exhibit 10.0?

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE
EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered on February 3, 2012, by and between APT SYSTEMS,
INC., a Delaware corporation (the “Company”), and Joseph Gagnon (the
“Executive”), with an effective date of February 1, 2012 (the “Employment Commencement Date”). 

 

WHEREAS, the Company desires to
obtain the services of Executive and Executive desires to be employed by the Company upon the terms and conditions hereinafter
set forth.

 

NOW, THEREFORE, in consideration
of the premises, the agreements herein contained and other good and valuable consideration, receipt of which is hereby acknowledged,
the parties hereto agree as of the date hereof as follows:

 

Section 1. Definitions.
As used herein, the following terms shall have the meanings set forth below:

 

		(a)	“Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder.

 

		(b)	“Benefit Plans” shall have the meaning set forth in Section 7(a).

 

		(c)	“Board of Directors” means the sitting directors of the Company as of the point in
time reference thereto is made in this Agreement.

 

		(d)	“Cause” shall have the meaning set forth in Section 9(b)(1).

 

		(e)	“Change in Control” shall have the meaning set forth in Section 9(e)(2).

 

		(f)	“Commission” means the Securities and Exchange Commission.

 

		(g)	“Common Stock” means the common stock, par value $0.001 per share, of the Company.

 

		(h)	“Company” shall have the meaning set forth in the introductory paragraph of this Agreement,
and shall include the Subsidiaries, if appropriate, and any successor to its business and/or assets.

 

		(i)	“Confidential Information” shall have the meaning set forth in Section 8(a).

 

		(j)	“Disability” of the Executive means that, as a result of the Executive’s incapacity
due to physical or mental illness, (i) the Executive shall have been absent from his duties on a full-time basis for three (3)
consecutive months, or for an aggregate of six (6) months in any consecutive twelve (12)-month period, (ii) a physician selected
by the Executive is of the opinion that (a) he is suffering from “total disability” as defined in the Company’s
disability insurance program or policy and (b) he will qualify for social security disability payments, and (iii) within thirty
(30) days after written notice thereof is given by the Company to the Executive (which notice may be given at any time after the
end of such six (6) or twelve (12) month periods), the Executive shall not have returned to the performance of his duties on a
full-time basis. (If the Executive is prevented from performing his duties because of a Disability, upon request by the Company,
the Executive shall submit to an examination by a physician selected by the Company, at the Company’s expense, and the Executive
shall also authorize his personal physician to disclose to the selected physician all of the Executive’s medical records).

 

		(k)	“Employment Commencement Date” means the date set forth in the introductory paragraph
of this Agreement.

 

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		(l)	“Employment Period” means that period commencing on the Employment Commencement Date
and ending on the First (1st) anniversary of the Employment Commencement Date; provided, however, that the Employment Period will
be renewed for additional successive terms of one (1) year unless either party provides the other party with written notice, at
least ninety (90) days prior to the date that the Employment Period would otherwise expire, of such party’s intention not
to so renew such Employment Period.

 

		(m)	“Employment Termination Date” shall have the meaning set forth in Section (9)(a)(2).

 

		(n)	“Exchange Act” shall have the meaning set forth in Section 9(e)(2).

 

		(o)	“FINRA” means Financial Industry Regulatory Authority, Inc.

 

		(p)	“Fiscal Year” means the fiscal year of the Company ending April 30 or such fiscal year
as may be amended by the Board of Directors.

 

		(q)	“Good Reason” shall have the meaning set forth in Section 9(e).

 

		(r)	“Notice of Termination” shall mean a written notice that indicates the specific termination
provision in this Agreement relied upon and sets forth in reasonable detail the facts and circumstances claimed to provide a basis
for termination under such provision.

 

		(s)	“Salary” shall have the meaning set forth in Section 5(a) and (b).

 

		(t)	“Subsidiaries” means any majority owned subsidiaries of the Company.

 

Section 2. Employment
and Term. The Company hereby employs the Executive, and the Executive hereby accepts such employment by the Company, for
the purposes and upon the terms contained in this Agreement. The term of such employment shall be for the Employment Period.

 

Section
3. Employment Capacity and Duties. The Executive shall be employed throughout the Employment Period as the
Chief Technology Officer of the Company and shall also assume such other positions as reasonably requested by the Board of Directors
(the “Services”). The Executive shall have the duties and responsibilities consistent with and incumbent upon such
positions, but at all times shall act in accordance with the directions given by the Board of Directors. Accordingly, and not by
way of limitation, the Chief Technology Officer’s role is to align technology vision with business strategy by integrating
company processes with the appropriate technologies. The Chief Technology Officer is also responsible for all aspects of developing
and implementing technology initiatives within the organization. This individual maintains existing enterprise systems, while providing
direction in all technology-related issues in support of information operations and core company values.)
of the Company.

 

Section 4. Executive
Performance Covenants. The Executive accepts the employment described in Section 3 herein and agrees to devote at
least 50% of his business time, attention and skills to the business and affairs of the Company and the performance of the aforesaid
duties and responsibilities.

 

Section 5. Compensation.
The Company shall pay to the Executive for his Services hereunder the compensation as set forth in this Section 5. Such compensation
shall be paid to the Executive at the time, and in the manner, as provided below.

 

		(a)	Cash Salary. The Company shall pay Executive, and Executive agrees to accept from the Company
in full payment for Executive’s services to the Company, a base salary at the rate of two thousand five hundred dollars ($2,500)
per month during the Employment Period (the “Cash Salary”), payable in equal monthly installments or otherwise in accordance
with the Company’s normal pay practices as the same may be altered from time to time by Company. The Cash Salary may be increased
(but may not be decreased) at any time or from time to time by action of the Board of Directors or the Compensation Committee thereof.

 

		(b)	Stock Salary. At the Company’s sole discretion, Executive’s salary may be converted
into shares (the “Shares”) of the Company’s Common Stock (the “Stock Salary”) pursuant to the conversion
price (the “Conversion Price”) on that particular month. The Conversion Price shall be determined by the closing price
on the last trading day of each month (“Trading Date”), at a twenty-five percent (25%) discount to market as of the
Trading Date. If in any particular month, Executive receives the Stock Salary in lieu of the Cash Salary, Executive shall be deemed
fully paid for such month as of the date of issuance of the Shares and will not be entitled to any additional compensation.
	 	 	 

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Section 6. Payment
of Expenses. The Executive shall be entitled to prompt reimbursement, upon production of original receipts, for all reasonable
expenses incurred by the Executive in the performance of his duties hereunder.

 

Section 7. Employee
Benefits, Vacations. During the Employment Period, the Executive shall receive the benefits and enjoy the perquisites described
below:

 

		(a)	Benefit Plans. The Executive shall be entitled to participate in any perquisite, benefit
or compensation plan (in addition to the compensation provided for in Section 5), including any stock option plan, profit sharing
plan and 401(k) plan, dental insurance plan, medical insurance plan, life insurance plan, health and accident plan and disability
plan that are generally applicable to all senior executives of the Company (collectively referred to as the “Benefit Plans”).

 

		(b)	Vacations. The Executive shall be entitled in each Fiscal Year to three (3) weeks of vacation,
during which time his compensation shall be paid in full, and such holidays and other non-working days as are consistent with the
policies of the Company for executives generally. The number of vacation days available hereunder shall be pro-rated for any Fiscal
Year during the Employment Period that is less than a full Fiscal Year.

 

		(c)	Insurance. The Company shall, as soon as practicable, obtain directors and officers liability
insurance for the benefit of the Executive and other officers and directors of the Company.

 

Section 8. Certain Company Protection Provisions.
The following provisions apply for the protection of the Company:

 

		(a)	Inventions, Copyrights, Patents and Trademarks. The Executive agrees that he will promptly
from time to time fully inform and disclose to the Company all inventions, designs, improvements, and discoveries which he now
has or may hereafter have during the term of this Agreement which pertain or relate to the business of the Company or to any experimental
work carried on by the Company, whether conceived by the Executive alone or with others and whether or not conceived during regular
working hours. All such inventions, designs, improvements and discoveries shall be the exclusive property of the Company. The Executive
shall assist the Company to obtain patents on all such inventions, designs, improvements, and discoveries deemed patentable by
things necessary to obtain patent letters, vest the Company with full and exclusive title thereto, and protect the same against
infringement by others.

 

		(b)	Confidentiality. The Executive agrees and acknowledges that, by reason of the nature of
his duties as an officer and employee of the Company, he will have access to and become informed of confidential and secret information
(oral or written) that is a competitive asset of the Company (the “Confidential Information”), including any lists
of customers or suppliers, financial statistics, research data or any other statistics and plans contained in profit plans, capital
plans, critical issue plans, strategic plans, marketing or operational plans, technical data and information, product information
or other information of the Company (whether or not such information qualifies as a “trade secret” under applicable
law) and any of the foregoing that belong to any third person or company but to which the Executive has had access by reason of
his employment relationship with the Company. The Executive agrees to faithfully keep in strict confidence, and not, either directly
or indirectly, to make known, divulge, reveal, furnish, make available or use (except for use in the regular course of his employment
duties) any such Confidential Information. The Executive acknowledges that all manuals, instruction books, price lists, information
and records and other information and aids relating to the Company's business, and any and all other documents (and all copies
thereof) containing Confidential Information furnished to the Executive by the Company or otherwise acquired or developed by the
Executive during the course of his employment by the Company, shall at all times be and remain the property of the Company. Upon
termination of the Employment Period, the Executive shall return to the Company all such property or documents (and all copies
thereof) that are in his possession, custody or control, but his obligation of confidentiality shall survive such termination of
the Employment Period until and unless any such Confidential Information shall have become, through no fault of the Executive,
generally known to the public. The obligations of the Executive under this subsection are in addition to, and not in limitation
or preemption of, all other obligations of confidentiality that the Executive may have to the Company under general legal or equitable
principles or otherwise.

 

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		(c)	Remedies. It is expressly agreed by the Executive and the Company that these provisions
are reasonable for purposes of preserving for the Company its business, goodwill and proprietary information. In the event of any
breach of these provisions by the Executive, the parties recognize and acknowledge that a remedy at law will be inadequate and
the Company may suffer irreparable injury. Accordingly, the Executive consents to injunctive and other appropriate equitable relief
(without the posting of a bond) upon the institution of proceedings therefore by the Company in order to protect the Company's
rights. Such relief shall be in addition to any other relief to which the Company may be entitled at law or in equity.

 

		(d)	Continued Cooperation. Executive shall, during and after the conclusion of his employment
relationship for any reason, cooperate fully with the Company with respect to any internal or external agency or legal investigation,
lawsuits, financial reports, or with respect to other matters within his knowledge, responsibilities or purview. The Company will
pay a reasonable per diem for post-termination services rendered by the Executive in compliance herewith, based on the Executive's
Salary (in effect at such applicable time) and time reasonably expended by him. The Executive shall execute all lawful documents
reasonably necessary for the Company to secure or maintain its intellectual property and/or other confidential information.

 

Section 9. Termination
of Employment. Any termination of the Executive's employment by the Company or the Executive shall be communicated
by delivery of a Notice of Termination to the other party. “Employment Termination Date” shall mean the date of death
of the Executive or the date of a Notice of Termination in respect of any of the following bases for termination of employment,
on which date the Employment Period and the Executive's right and obligation to perform employment services for the Company shall
terminate:

 

		(a)	Termination as a result of the Executive's Disability;

 

		(b)	Termination by the Executive for any reason or for Good Reason; provided, however, that in the
event of such termination, the date specified on such Notice shall not be less than thirty (30) days or more than sixty (60) days
after delivery thereof;

 

		(c)	Termination by the Company for Cause; provided, however, that if, either by mutual written agreement
of the parties, by a binding and final arbitration award or by a final judgment, order or decree of a court of competent jurisdiction
(the time for appeal there from having expired and no appeal having been perfected), such termination is determined not to have
been for Cause, then the Company shall pay the compensation otherwise owed to the Executive pursuant to Section 5 during the period
after such termination and prior to such determination; or

 

		(d)	Termination by the Company without Cause.

 

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		(e)	Termination for Cause: 

 

		I.	The Company may terminate the Executive's employment and the Employment Period for Cause. For the
purposes of this Agreement, “Cause” means the Executive's (A) act or acts of willful misconduct injurious to the Company,
monetarily or otherwise, (B) willful and continued failure to perform substantially his duties with the Company (other than any
such failure resulting from incapacity due to a Disability) after a demand in writing for substantial performance is delivered
by the Board of Directors, which demand specifically identifies the manner in which the Board of Directors believes that the Executive
has not substantially performed his duties and the Executive has not cured such failure to substantially perform the duties set
forth in the demand by the Board of Directors within thirty (30) days of receipt of such demand, (C) conviction of, or no contest
or guilty plea to, a felony crime or (D) repeated and willful failure to follow the written directives of the Board of Directors
in connection with his employment hereunder. The Executive's employment shall in no event be considered to have been terminated
by the Company for Cause if such termination took place merely as the result of (i) bad judgment or negligence, (ii) any act or
omission without intent of gaining there from directly or indirectly a profit to which the Executive was not legally entitled,
(iii) any act or omission believed in good faith to have been in or not opposed to the interest of the Company or (iv) any act
or omission in respect of which a determination is made that the Executive met the applicable standard of conduct prescribed for
indemnification or reimbursement or payment of expenses under the Articles of Incorporation of the Company or the laws of the State
of California, in each case as in effect at the time of such act or omission. The Executive shall not be deemed to have been terminated
for Cause unless and until there shall have been delivered to him a copy of a resolution duly adopted by the Board of Directors
that states that the Executive's conduct reflected any of the criteria set forth above in clauses (A), (B), (C) and/or (D) of this
Section 9(e)(1) and specifying the particulars thereof in detail.

 

		II.	If the Executive's employment shall be terminated for Cause, the Company shall pay the Executive,
within ten (10) days of such termination, his unpaid Salary through the Employment Termination Date at the rate in effect at the
time a Notice of Termination is given, plus any expenses incurred in accordance with Section 6.

 

		(f)	Termination for Disability. The Company may terminate the Executive's employment because
of a Disability of the Executive and thereafter shall pay to the Executive (or his designated representative), within ten (10)
days of such termination, (1) his unpaid Salary otherwise payable through the twelfth (12th) full month following the Employment
Termination Date at his then effective Salary, plus any expenses incurred in accordance with Section 6.

 

		(g)	Termination Upon Executive’s Death. In the event of the Executive’s death, the
Company shall pay to the Executive’s estate (1) any unpaid amount of Salary through the date of death at the then effective
Salary rate plus (2) any expenses incurred in accordance with Section 6.

 

		(h)	Termination of Employment by the Executive for Good Reason. The Executive may terminate
his employment for Good Reason and receive the payments and benefits specified in Section 9(j) on the same manner as if the Company
had terminated his employment other than for Cause. For purposes of this Agreement, “Good Reason” will exist if anyone
or more of the following occur:

 

		I.	Failure by the Company to honor any of its material obligations under this Agreement, including,
without limitation, its obligations under Section 2 (Employment and Term), Section 3 (Employment Capacity and Duties), Section
4 (Executive Performance Covenants), Section 5 (Compensation), Section 6 (Payment of Expenses), Section 7 (Employee Benefits, Vacations),
Section 10 (Indemnification), Section 11 (Arbitration) and Section 12 (Successors and Assigns); or

 

		II.	If there is a Change in Control of the Company (as defined below) and the employment of the Executive
is concurrently or within one (1) year thereafter terminated (i) by the Company without Cause or (ii) by the resignation of the
Employee because he has reasonably determined in good faith that his authorities, responsibilities, salary, bonus opportunities
or benefits have been materially diminished, or that a material adverse change in his working conditions has occurred or the Company
has breached this Agreement. For the purpose of this Agreement, a “Change in Control” of the Company will have occurred
when: (A) any person (defined for the purposes of this Section 9 to mean any person within the meaning of Section 13( d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than the Company, or an employee benefit plan
established by the Board of Directors of the Company, acquires after the sale hereof, directly or indirectly, the beneficial ownership
(determined under Rule 13d-3 of the regulations promulgated by the Securities and Exchange Commission under Section 13(d) of the
Exchange Act) of securities issued by the Company having fifty percent (50%) or more of the voting power of all of the voting securities
issued by the Company in the election of directors at the meeting of the holders of voting securities to be held for such purpose;
or (B) the Company merges or consolidates with or transfers substantially all of its assets to another person and the Company is
not the survivor.

 

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		(i)	Termination of Employment by the Executive Without Good Reason. The Executive may terminate
his employment without Good Reason and receive the benefits and payments he would receive in the same manner as if the Company
had terminated his employment for Cause.

 

		(j)	Compensation Upon Termination by the Company Other Than for Cause, Disability or Death or Upon
Termination by the Executive for Good Reason. 

 

		I.	If the Company shall terminate the Executive's employment other than pursuant to Sections 9(e),
9(f) or 9(g), or if the Executive shall terminate his employment for Good Reason pursuant to Section 9(h), then the Company shall
pay to the Executive the following amounts:

 

		1.	unpaid Salary through the Employment Termination Date at his then effective Salary rate, plus any
expenses incurred in accordance with Section 6

 

		2.	a single-lump sum cash amount equal to the sum of the Executive’s annual Salary (as in effect
at the time of the Executive’s termination); and

 

		3.	all legal fees and expenses incurred as a result of such termination (including all such fees and
expenses, if any, incurred in contesting or disputing any such termination, in seeking to obtain or enforce any right or benefit
provided by this Agreement, or in interpreting this Agreement).

 

		II.	The Executive shall be under no obligation to seek other employment and there shall be no offset
against any amounts due the Executive under this Agreement on account of any remuneration attributable to any subsequent employment
that the Executive may obtain (any amounts due under Section 9(j) are in the nature of severance payments, or liquidated damages,
or both, and are not in the nature of a penalty).

 

		(k)	Non-Solicitation of Customers After Termination of Employment. The Executive shall not, following
the termination of this Agreement, for whatever reason, either directly or indirectly:

 

		I.	Make known to any person, firm or corporation the names or addresses of any of the customers of
the Company or any other information pertaining to them; or

 

		II.	Call on, solicit, or take away, or attempt to call on, solicit, or take away any of the customers
of the Company on whom the Executive called or with whom he became acquainted during his employment with the Executive, either
for himself or for any other person, firm, or corporation.

 

		(l)	Non-Competition Agreement.

 

		I.	In connection with this Employment Agreement, Executive agrees that during the Employment Period
he shall not, without the prior written consent of the Company, either directly or indirectly, either as an employee, employer,
consultant, agent, principal, partner, shareholder, corporate officer, director, or in any other individual or representative capacity,
engage or participate in any business that is similar to and/or in competition in any manner whatsoever with the business of the
Company (the “Competing Activities”). Executive further agrees that for a period of six (6) months after the termination
of Executive’s employment with the Company that he shall not engage in Competing Activities with the Company.

 

		II.	Executive agrees not to solicit the customers of the Company for his personal account or the account
of any other person or entity other than the Company at any time. The Parties hereto agree that notwithstanding the Delaware General
Corporate Law that this covenant not to compete is enforceable and necessary to protect the Company's trade secrets including,
but not limited to, patent and trademark designs, suppliers and customer lists of the Company.

 

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Section 10. Indemnification.
As an employee, officer and director of the Company, the Executive shall be indemnified against all liabilities, damages, fines,
costs and expenses by the Company in accordance with the indemnification provisions of the Company's Articles of Incorporation
now or hereafter in effect, and otherwise to the fullest extent to which employees, officers and directors of a corporation organized
under the laws of Delaware may be indemnified, as the same may be amended from time to time (or any subsequent statute of similar
tenor and effect), subject to the terms and conditions of such statute.

 

Section 11. Arbitration.
Any dispute or controversy arising under or in connection with this Agreement (other than with respect to the provisions of Section
8 of this Agreement) shall be settled exclusively by arbitration in San Diego, California in accordance with the rules of the American
Arbitration Association then in effect; provided, however, that all arbitration expenses shall be borne by the Company. Notwithstanding
the pendency of any dispute or controversy concerning termination or the effects thereof, the Company will continue to pay the
Executive his full compensation in effect immediately before any Notice of Termination giving rise to the dispute was given and
continue him as a participant in all compensation benefit and insurance plans in which he was then participating, until the dispute
is finally resolved. Judgment may be entered on the arbitrators' award in any court having jurisdiction; provided, however, that
the Executive shall be entitled to seek specific performance of his right to be paid until the Employment Termination Date during
the pendency of any dispute or controversy arising under or in connection with this Agreement.

 

Section 12. Successors
and Assigns. Except as hereinafter expressly provided, the agreements, covenants, terms and provisions of this Agreement
shall bind the respective heirs, executors, administrators, successors and assigns of the parties. If any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company fails, concurrently with the effectiveness of any such succession, to agree in writing in form and substance reasonably
satisfactory to the Executive expressly to assume and agree to perform this Agreement in the same manner and to the same extent
that the Company would be required to perform if no such succession had taken place, then the Executive shall have the right, effected
by notice to such successor not later than ninety (90) days after the effectiveness of such succession, to terminate the Employment
Period under Section 9(h) as though such failure was an uncured breach by the Company of a material covenant or agreement of the
Company contained in this Agreement. This Agreement is personal in nature and neither of the parties hereto shall, without the
consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in this Section
12. If the Executive should die while any amounts are payable to him hereunder, or if by reason of his death payments are to be
made to him hereunder, then this Agreement shall inure to the benefit of and be enforceable by the Executive's executors, administrators,
heirs, distributees, devisees and legatees and all amounts payable hereunder shall then be paid in accordance with the terms of
this Agreement to the Executive's devisee, legatee or other designee or, if there is no such designee, to this estate.

 

Section 13. Notices.
Any notice or other communication required or desired to be given hereunder shall be in writing and shall be deemed sufficiently
given when personally delivered or delivered by nationally recognized overnight delivery service, addressed to the parties at their
respective addresses. Such notice shall be deemed to be given on the date of delivery.

 

Section 14. Waiver:
Remedies Cumulative. No waiver of any right or option hereunder by any party shall operate as a waiver of any other right
or option, or the same right or option as respects any subsequent occasion for its exercise, or of any legal remedy. No waiver
by any party of any breach of this Agreement or of any agreement or covenant contained herein shall be held to constitute a waiver
of any other breach or a continuation of the same breach. All remedies provided by this Agreement are in addition to all other
remedies by it or the law provided.

 

Section 15. Governing
Law: Severability. This Agreement is made and is expected to be performed in the State of Delaware, and the various terms,
provisions, covenants and agreements, and the performance thereof, shall be construed, interpreted and enforced under and with
reference to the laws of the State of Delaware, unless otherwise indicated herein. It is the intention of the Company and the Executive
to comply fully with all laws and matters of public policy relating to employment agreements and restrictive covenants, and this
Agreement shall be construed consistently with such laws and public policy to the extent possible. If and to the extent anyone
or more covenants, agreements, terms and provisions of this Agreement or any portion or portions thereof shall be held invalid
or unenforceable by a court of competent jurisdiction, then such covenants, agreements, terms and provisions (or portions thereof)
shall be deemed separable from the remaining covenants, agreements, terms and provisions of this Agreement and such holding shall
in no way affect the validity or enforceability of any of the other covenants, agreements, terms and provisions hereof.

 

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Section 16. Attorneys'
Fees. If either party commences any action or proceeding against the other party to enforce this Agreement, the prevailing
party in such action or proceeding shall be entitled to recover from the other party the actual attorneys' fees, costs and expenses
incurred by such prevailing party in connection with such action or proceeding and in connection with enforcing any judgment or
order thereby obtained.

 

Section 17. Survival.
Notwithstanding anything to the contrary in this Agreement, no expiration or termination of this Agreement by either party shall
affect any rights or obligations of either party (i) which are pursuant to Sections 8, 9(j), 10, 11, 12, 13, 14, 15, 16, 17, and
18 of this Agreement, or (ii) any other provisions intended by the parties to survive such expiration or termination.

 

Section 18. Miscellaneous.
This Agreement constitutes the entire understanding of the parties hereto with respect to the subject matter hereof. This Agreement
may not be modified, changed or amended except in writing signed by the Executive and the Company. This Agreement may be signed
in multiple counterparts, each of which shall be deemed an original hereof. The captions of the several sections and subsections
of this Agreement are not a part of the context hereof, are inserted only for convenience in locating such sections and subsections
and shall be ignored in construing this Agreement.

 

IN WITNESS WHEREOF, the Company
and the Executive have executed this Executive Employment Agreement as of the date first above written.

 

	COMPANY:	 	EXECUTIVE:

  

	APT SYSTEMS, INC.	 	JOSEPH GAGNON
	 	 	 
	By: /s/ Glenda Dowie 	 	/s/ Joseph Gagnon
	
        Name: Glenda Dowie

        Title: President
	 	By: Joseph Gagnon

 

    	8 of 8Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made and entered into as of the 17th day of May, 2012 and shall be deemed
to have been effective on the 17th day of May, 2012 (the “Effective Date”) by and between Zhenggang Wang,
an individual (“Mr. Wang”), and China 3C Group., a Nevada corporation (the “Company”).

 

RECITALS

 

The Company desires
to employ Mr. Wang as its Chief Executive Officer (“CEO”) and Chairman and Mr. Wang agrees to serve in the employ
of the Company, all on the terms and conditions hereinafter provided.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants herein contained, and other good and valuable consideration, the receipt
and sufficiency of which the parties hereby acknowledge, the parties hereby agree as follows:

 

Article
I

EMPLOYMENT

 

1.1           Employment.
The Company hereby employs Mr. Wang as its CEO and Chairman and Mr. Wang hereby accepts employment by the Company upon the terms
and conditions contained in this Agreement.

 

1.2           Office
and Duties. Mr. Wang shall serve the Company as its CEO and Chairman. As CEO, Mr. Wang. shall perform such duties as are customarily
associated with this position and all such other duties and responsibilities as are assigned by the Board of Directors of the Company
(the “Board”). Mr. Wang accepts such employment with the Company and shall perform and fulfill such other duties
as are assigned to him hereunder consistent with his status as a senior executive of the Company, devoting his best efforts and
all of his professional time and attention to accomplish the performance and fulfillment of his duties and to the advancement of
the best interests of the Company, subject only to the direction, approval, and control of the Board

 

1.3           Place
of Employment. In connection with his employment by the Company, Mr. Wang shall be based in the HangZhou City, People’s
Republic of China except for required travel on Company business.

 

1.4           Term.
The term of this Agreement shall commence on the Effective Date and shall continue for a period of 36 months until May 17, 2015
unless earlier terminated as set forth herein, and thereafter on a month to month basis unless and until terminated upon no less
than 30 days prior written notice by either the Company or Mr. Wang The period of time between the commencement and termination
of this Agreement is referred to herein as the “Term.”

 

    	 

    	 

    

 

1.5          Compensation.

 

(a)          Salary.
The Company shall pay Mr. Wang as compensation a base salary in cash of (i) $40,000 per annum for the year beginning on the Effective
Date and ending on the first anniversary of the Effective Date, (ii) $20,000 per annum for the year beginning on the first anniversary
of the Effective Date and ending on the second anniversary of the Effective Date and (iii) $20,000 per annum for the year beginning
on the second anniversary of the Effective Date and ending on the third anniversary of the Effective Date. All salary shall be
paid in installments at such times as the Company customarily pays its other senior executive employees.

 

(b)          Restricted
Stock Grant On the Effective Date, the Company shall grant to Mr. Wang, 17,500,000 restricted shares of the Company’s
common stock (the “Restricted Shares”) pursuant to the Company’s 2011 Restricted Stock Plan. 5,833,333
of the Restricted Shares shall vest on the first anniversary of the Effective Date, 5,833,333 of the Restricted Shares shall vest
on the second anniversary of the Effective Date and 5,833,344 of the Restricted Shares shall vest on the third anniversary of the
Effective Date provided, in each case, that Mr. Wang continues to serve the Company as CEO on such applicable vesting date.

 

(c)          Payment
and Reimbursement of Expenses. Effective as of the date hereof, and for the remainder of the Term, the Company shall pay or
reimburse Mr. Wang for all reasonable travel, entertainment and other out-of-pocket expenses incurred by Mr. Wang in performing
his obligations under this Agreement, consistent with past practices; provided, that, Mr. Wang properly accounts
therefore in accordance with the Company’s expenses reimbursement policies.

 

(d)          Employee
Benefits. During the term of this Agreement, Mr. Wang shall be provided all employee benefits provided by the Company to its
management and all other Company salaried employees, including without limitation, all medical insurance and life insurance plans
or arrangements and shall be entitled to participate in all pension, profit sharing, stock option and any other employee benefit
plan or arrangement established and maintained by the Company, all subject, however, to the Company rules and policies then in
effect regarding participation therein.

 

1.6          Termination
of Employment.

 

(a)          Severance
upon Termination without Cause. If Mr. Wang’s employment is terminated by the Company without Cause (as defined
below) (the date of termination is referred to as the “Termination Date”), then the Company shall pay Mr. Wang
in lieu of other damages, an amount (the “Severance Payments”) equal to his then current base salary payable
in installments at the same time the Company pays salary to its other senior executive employees for a period of one year (the
“Severance Period”). The Company shall have no liability to make any Severance Payments as provided for in this
paragraph unless Mr. Wang complies with all provisions in Article II hereof. In addition, (i) [any Company Restricted Shares
not vested at the time of termination but that are scheduled to vest within one year of the Termination Date shall immediately
vest] and (ii) the Company shall maintain during the Severance Period all employee benefit plans and programs which Mr. Wang participated
in immediately prior to such termination.

 

    	-2-

    	 

    

 

(b)          Voluntary
Termination; Termination for Cause. If Mr. Wang’s employment with the Company is terminated for “Cause”
by the Company (as defined below) or if Mr. Wang voluntarily terminates his employment with the Company at any time, then
(i) all payments of compensation by the Company to Mr. Wang hereunder will terminate immediately (except as to amounts already
earned), and (ii) any Company Restricted Shares not vested at the time of termination shall immediately terminate.

 

(c)          Cause.
For purposes of this Agreement, “Cause” shall mean: (i) Mr. Wang’s continued substantial violations
of his employment duties (other than a failure resulting from his inability to perform his duties because of illness or other physical
or mental incapacity (based on a medical report provided to the Company) after Mr. Wang has received written demand for performance
from the Company’s Board which sets forth the factual basis for the Company’s belief that he has not substantially
performed his duties; (ii) Mr. Wang engaging in illegal conduct that was or is reasonably
likely to be materially injurious to the business or reputation of the Company or its affiliates; (iii)  Mr. Wang’s
violation of a law or regulation materially applicable to the Company’s business; (iv) Mr. Wang’s material
breach of the terms of any provision of this Agreement; or (v) Mr. Wang being convicted, in any court of competent jurisdiction,
of any crime (other than a traffic violation) or committing any act of moral turpitude, dishonesty or fraud against, or the misappropriation
of material property belonging to, the Company or its affiliates.

 

Article
II

RESTRICTIVE COVENANTS

 

2.1          Non-Competition.
Mr. Wang agrees that at all times while he is employed by the Company and, regardless of the reason for termination of his employment
or this Agreement, for a period of 2 years thereafter (the “Restrictive Period”), unless Mr. Wang is not paid
all amounts due to him under this Agreement, he will not, directly or indirectly, approach, solicit business from, or otherwise
do business or deal with any customer of the Company in connection with any product or service competitive to any provided by the
Company.

 

2.2          Non-solicitation
of Employees. During the Term and, unless Mr. Wang is not paid all amounts due to him under this Agreement, the Restrictive
Period, Mr. Wang shall not in any manner, directly or indirectly(a) solicit, induce or encourage or attempt to solicit, induce
or encourage, any employee of the Company to leave the Company, (b) hire any employee of the Company or (c) otherwise interfere
with the Company’s employment relationship with any employee. The word “employee” in this Section 2.2
means any person who is or was employed by the Company or any of its affiliates at the time of, or within 180 days prior to, such
solicitation, inducement, encouragement, hiring or interference.

 

2.3          Non-interference
with Contract. During the Term and, unless Mr. Wang is not paid all amounts due to him under this Agreement, the Restrictive
Period, other than in connection with, for the benefit of, or in furtherance of the Company’s business, Mr. Wang shall not
in any manner, directly or indirectly solicit, encourage or induce, or attempt to solicit, encourage or induce, any vendor, supplier
or other third party with whom the Company is doing business or has a contract as of the date of termination, of employment, to
terminate such vendor’s, supplier’s or other third party’s business relationship or contract with the Company.

 

    	-3-

    	 

    

 

2.4           Confidentiality.
Mr. Wang recognizes that, by virtue of his employment with the Company, he will have access to Confidential Information (as defined
below) relating to the Company’s business. Mr. Wang agrees that such Confidential Information is a valuable asset, and if
it were to be known or used by others engaged in a similar business, it would be harmful and detrimental to the Company’s
interests. Accordingly, except as may be required or appropriate for the performance of Mr. Wang’s duties in the normal course
of business, or unless specifically authorized in writing by the Board of the Company, Mr. Wang shall not use or disclose, either
during or after the Term, any Confidential Information, except for any Confidential Information required to be disclosed by law
or to comply with a request by a court or governmental authority (pursuant to a subpoena or otherwise), but only if Mr. Wang promptly
notifies the Company of the required or requested disclosure so the Company may seek a protective order to prevent disclosure of
such Confidential Information.

 

For purposes of this Agreement, “Confidential
Information” shall mean any and all information relating to the business, finances, customers, clients and operations
of the Company, whether obtained by or furnished to Mr. Wang before or after the date hereof, and regardless of the manner in which
it is obtained or furnished. Confidential Information does not include, however, information which: (a) is or becomes generally
available to the public other than as a result of an impermissible disclosure by Mr. Wang; (b) was known by or made available on
a non-confidential basis to Mr. Wang prior to his employment with the Company, or (c) becomes available to Mr. Wang on a non-confidential
basis from a Person who is not known by Mr. Wang to be bound by a confidentiality agreement with or other obligation of secrecy
to the Company.

 

2.5           Breach
of Restrictive Covenants. The period of time during which Mr. Wang is prohibited from engaging in business practices pursuant
to the restrictive covenants set forth in Sections 2.1 through 2.3 shall be extended by the length of time during which Mr. Wang
is in breach of any such covenant.

 

2.6           Condition
Precedent. So long as the Company is in compliance with its obligations under Sections 1.5 and 1.6, the restrictive covenants
set forth in Sections 2.1 through 2.5 are essential elements of this Agreement and enforceable by the Company, and, but for
Mr. Wang’s agreement to comply with such covenants, the Company would not have entered into this Agreement. Such covenants
are for the benefit of the Company and may be enforced by the Company and by any Person succeeding to the business of the Company
pursuant to a merger or purchase of all or substantially all the assets or outstanding voting stock of the Company. Except as otherwise
provided in the first sentence of this Section 2.6, such covenants by Mr. Wang shall be construed as agreements independent
of any other provision contained in this Agreement, and the existence of any claim or cause of action of Mr. Wang against
the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company
of such covenants.

 

2.7           Injunctive
Relief. Mr. Wang acknowledges that the services to be rendered by him under this Agreement are extraordinary and unique and
are vital to the success of the Company, and that damages at law shall be an insufficient remedy in the event that Mr. Wang
violates or threatens to violate any of the terms of Sections 2.1 through 2.5, and the Company shall be entitled, upon application
to a court of competent jurisdiction, to seek injunctive relief (including temporary restraining orders) to enforce any or all
of the provisions of said sections, without being required to show any actual damage or to post an injunction bond or other security.
The foregoing injunctive relief shall be in addition to any other rights and remedies available under applicable laws.

 

    	-4-

    	 

    

 

Article
III

MISCELLANEOUS

 

3.1         Notices.
All notices, requests, demands and other communications required or permitted under this Agreement and the transactions contemplated
herein shall be in writing or electronically and shall be deemed to have been duly sent, given, made and received when personally
delivered, or when sent by confirmed telecopy or other electronic means or one business day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of receipt, addressed as set forth below:

 

If to Mr. Wang:

 

Zhenggang Wang

368 HuShu Nan Road

HangZhou City, Zhejiang Province

China 310014

Fax:

Phone: 086-0571-88381700

Email:

 

If to the Company:

 

China 3C Group

368 HuShu Nan Road

HangZhou City, Zhejiang Province

China 310014

Fax:

Phone: 086-0571-88381700

Email:

 

Any party may alter the address to which
communications or copies are to be sent by giving notice of such change of address in conformity with the provisions of this section
for the giving of notice, which shall be effective only upon receipt.

 

3.2         Severability.
The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered
invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable
in whole or in part. If any provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted rather
than voided, if possible, in order to achieve the intent of the parties to the extent possible.

 

    	-5-

    	 

    

 

3.3           Entire
Agreement; Amendment. This Agreement contains the entire understanding between the parties hereto with respect to the subject
matter hereof and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or
implied, oral or written, except as herein contained. This Agreement may not be modified or amended other than by an agreement
in writing executed by the parties hereto.

 

3.4           Waiver.
Neither the failure nor any delay on the part of either party to exercise any right, remedy, power or privilege under this Agreement
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any
other or further exercise of the same or of any other right, remedy power or privilege, nor shall any waiver of any right, remedy,
power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect
to any other occurrence.

 

3.5           Interpretation.
The parties hereto acknowledge and agree that (i) each party and each party’s counsel have reviewed and negotiated the terms
and provisions of this Agreement and have contributed to its revision, (ii) the rule of construction to the effect that any ambiguities
are resolved against the drafting party shall not be employed in the interpretation of this Agreement, and (iii) the terms and
provisions of this Agreement shall be construed fairly as to all parties hereto and not in favor of or against any party regardless
of which party was generally responsible for the preparation of this Agreement.

 

3.6           Headings.
The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation
of any of the provisions of this Agreement.

 

3.7           Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect
to its principles of conflict of laws.

 

3.8           Survival.
The covenants and agreements of the parties set forth in Article II are of a continuing nature and shall survive the expiration,
termination or cancellation of this Agreement, regardless of the reason therefore and in a manner consistent with the applicable
section.

 

3.9           Binding
Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their
respective heirs, personal representatives, successors and assigns, including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the activities or assets of the Company. The Company shall require and
cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all, of
the business or assets of the Company, by written agreement in form and substance satisfactory to Mr. Wang, expressly to assume
and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if
no such succession had taken place; provided, however, that any such succession or assignment shall not relieve the Company from
its continuing responsibility and liability for the complete payment and performance of all obligations owed to Mr. Wang under
this Agreement.

 

    	-6-

    	 

    

 

3.10         Forum
Selection. Any litigation based hereon or arising out of, under or in connection with this Agreement, may be brought and maintained
non-exclusively in the courts of the State of Nevada or in the United States District Court for the District of Nevada.

 

3.11         Counterparts.
This Agreement may be executed in counterparts and multiple originals, each of which shall be deemed to be an original but all
of which together will constitute one and the same instrument.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    	-7-

    	 

    

 

 

IN WITNESS WHEREOF,
the Company has caused this AGREEMENT to be executed by its duly authorized representative, and Mr. Wang has signed this
Agreement, all as of the day and year first above written.

 

	 	CHINA 3C GROUP
	 	 
	 	By:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	 
	 	Zhenggang Wang

 

    	-8-

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