Document:

one847holdings_ex104.htm

EXHIBIT 10.4

 

RESTRICTED COMMON SHARE GRANT AGREEMENT

 

THIS RESTRICTED COMMON SHARE GRANT AGREEMENT (this “Agreement”) is dated as of September 15, 2013, among 1847 HOLDINGS LLC (the “Company”), BEVILACQUA PLLC and JOSEPH J. KAUFMAN (collectively, the “Recipient”).

 

BACKGROUND

 

1847 Partners LLC, an affiliate of the Company (“Partners”) has entered into an engagement agreement with the Recipient, dated as of the date hereof (the “Engagement Agreement”) pursuant to which the Recipient will provide services to Partners and the Company as set forth therein. In partial consideration for providing such services, which will benefit the Company, the Company is granting to the Recipient 150,000 Common Shares (as defined in the limited liability company operating agreement), in the aggregate, of the Company.

 

AGREEMENT

 

NOW, THEREFORE, it is agreed between the parties as follows:

 

SECTION 1.ISSUANCE OF COMMON SHARES; VESTING; CONTINUOUS SERVICE.

 

(i) Pursuant to the terms of this Agreement, the Company agrees to grant to the Recipient on the date hereof 150,000 Common Shares of which, Bevilacqua PLLC shall receive 75%, or 112,500 Common Shares and Joseph J. Kaufman shall receive 25%, or 37,500 Common Shares. It is acknowledged and agreed that the aggregate fair market value of the Common Shares issued hereunder as of the date of this Agreement is not more than $15,000 ($0.10 per Common Share). If for any reason Mr. Kaufman ceases to provide services under the Engagement Agreement any unvested Common Shares of Mr. Kaufman shall automatically transfer to Bevilacqua PLLC.

 

(ii) The “Vesting Start Date” is September 1, 2013. The vesting schedule is that 1/12th of the Common Shares will be fully vested on the date hereof and, thereafter, 1/12th of the Common Shares will vest on the first day of each month so long as the Engagement Agreement has not been terminated such that all of the Common Shares will be vested on September 1, 2014.

 

SECTION 2.FORFEITURE OF UNVESTED COMMON SHARES.

 

Upon termination of the Engagement Agreement for any reason, any Common Shares that have not vested shall immediately be forfeited without any additional action by the parties and without any payment being made therefor.

 

SECTION 3.SECTION 83(B) ELECTION.

 

Recipient understands that Section 83(a) of the Internal Revenue Code of 1986, as amended (the “Code”) taxes as ordinary income the fair market value of each Common Share as of the date the forfeiture restrictions on such Common Share lapses, which will be the date on which it becomes a vested Common Share. Recipient understands that Recipient may elect to be taxed at the time the Common Shares are received by Recipient, rather than when and as the forfeiture restrictions lapse on the Common Shares, by filing an election under Section 83(b) of the Code (an “83(b) Election”) with the Internal Revenue Service within thirty (30) days from the date of purchase of the Common Shares. A Form 83(b) Election certificate for use by the Recipient is attached hereto at Exhibit A. RECIPIENT UNDERSTANDS THAT FAILURE BY RECIPIENT TO FILE SUCH AN ELECTION IN A TIMELY MANNER MAY RESULT IN ADVERSE TAX CONSEQUENCES FOR RECIPIENT. Recipient further understands that an additional copy of such election form must be filed with his federal income tax return for the calendar year in which the date of this Agreement falls. Recipient acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the Common Shares hereunder, and does not purport to be complete. Recipient further acknowledges that the Company has directed Recipient to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Recipient may reside.

 

  

-1-

  

 

SECTION 4.SUCCESSORS AND ASSIGNS.

 

This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the restrictions on transfer herein set forth, be binding upon Recipient and Recipient’s heirs, executors, administrators, successors and assigns.

 

SECTION 5.WAIVERS.

 

No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition, whether of a like or different nature.

 

SECTION 6.APPLICABLE LAW.

 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such state.

 

SECTION 7.NO ORAL MODIFICATION.

 

No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto.

 

SECTION 8.ENTIRE AGREEMENT.

 

This Agreement constitutes the entire, complete and final agreement between the parties hereto with regard to the subject matter hereof.

 

  

-2-

  

 

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

 

 

	1847 HOLDINGS LLC	 	BEVILACQUA PLLC (RECIPIENT)	 
	 	 	 	 	 
	By: 	
/s/ Ellery W. Roberts

	 	By:	
/s/ Louis A. Bevilacqua

	 
	Name: 	
Ellery W. Roberts

	 	 	
Louis A. Bevilacqua

	 
	Title: 	
Manager and CEO

	 	 	
Manager

	 
	 	 	 	 	 	 
	 	 	 	JOSEPH J. KAUFMAN (RECIPIENT)	 
	 	 	 	 	 	 
	 	 	 	 	/s/ Joseph J. Kaufman	 

 

 

 

 

 

 

-3-AXIUS
CONSULTING GROUP, INC.'s SALE OF ASSETS TO RX SAFES, INC.

 

Axius
Consulting Group, Inc.,(Seller) a Delaware corporation,with offices located at 736 Carlisle Road, Jericho, N.Y. 11753, is the
true and rightful owner of specific assets consisting of domain names, designs, product inventory ( fingerpri nt medication lock
box and accessories), accounts receivables, computer equipment, license agreements, customer and prospect lists, vendor and supplier
contracts and other good and valuable assets.

 

Rx
Safes, Inc.,a Nevada Corporation,with offices located at 670 Du Fort Avenue, Henderson, NV 89002, offers and hereby purchases
said assets from seller for the total sum of SIXTEEN THOUSAND TWO HUNDRED AND SIXTY TWO DOLLARS AND SIXTY CENTS,($16,262.60) (Asset
Purchase Price) payable in cash at the offices of Seller.

 

Seller
hereby agrees to sell and Buyer hereby agrees to purchase all such referenced assets. Seller will retain the rights to future
receivables and fees for all current and future consulting agreements to perform general consulting services for buyer and other
clients based on the seller's core business focus, which is offering management, operational,sales and marketing services to entrepreneurs
and companies.

 

Seller
has the authority, right, title and interest to convey to buyer, in full without liens or other encumbrances, the assets as indicated
above. As part of this agreement, Seller agrees to transfer ownership of assets as soon as the Asset Purchase Price payment has
been received.

 

Buyer
agrees to provide Seller with a nonexclusive license to purchase and resell the fingerprint medication lock box product within
certain health care and medical channels, to be approved in advance · in writing by Buyer. ·

 

Buyer
shall wire full payment to Seller to the Seller's account indicated below:

 

Axius
Consulting Group, Inc, 736 Carlisle Road, Jericho, NY 11753

 

TD
Bank, 225 North Broadway, Hicksville, NY 11801 - Tel 516-937-9501

 

Account
Number - 824954200

 

Routing
Number - 026013673

To
support the seamless transition of assets under this Bill of Sale, Buyer agrees to engage the services of seller and execute a
separate consulting agreement for services with Axius Consulting Group, Inc. for a minimum 12 month period at a minimum monthly
fee of $20,000 per month.

    	1

    	 

    

 

EXCLUSIONS
TO BILL OF SALE:

•  Consulting
agreement between seller and Chumbolt, Inc.

 

•  Consulting
agreement between seller and Rx Safes, Inc.

 

•   Tail
of consulting agreement between seller and Zero Truck Corp.

 

These
contracts and any retainers or fees earned through these contracts will remain the asset of the Seller.

 

 

HERETOFORE,
Seller and Buyer agree this 1sth day of July, 2010;

 

Date:
7/1/2010

 

/s/
Mark Basile

Mark
Basile - President

Axius
Consulting Group, Inc.

Date
7/1/2010 

 

 /s/
Lorraine Yarde

Lorraine
Yarde - President

Rx
Safes, Inc.

    	2

    	 

    

 

Exhibit
"A"

All
assets of Axius Consulting Group, Inc.,excluding those specified consulting agreements specified in the Contract of Sale as to
ChumBolt, Inc.,ZeroTruck, Inc.,and RXSAFES, Inc.

 

1.     
Purchased Domains:

 

www.familymedsafe.com

www.rxsafes.com

www.ourfamilymedsafe.com

www.mvfamilymedsaafe.com

www.thefamilymedsafe.com

www.americaspediatrician.com

www.rxdrugsafe.com

www.rxhomesafe.com

www
..axiushealth.com

 

as
well as any after-acqui red domain name that is intended to be used for the business of RxSAFES, Inc.

2.    
Purchased Inventory

 

116
units of all MedSafe in China Facility

106
units of small MedSafe in California facility

70
units of Mounting Brackets in California facility

  

3.    
 Purchased Designs and Software

 

Small
MedSafe fingerprint activated medical safe

Larger
MedSafe (MedSafe PRO} fingerprint activated medical safe.

In
cabinet fingerprint medication safe (MedSAFE IC)

Mounting
bracket for small MedSafe

Mounting
bracket for Larger MedSafe (MedSafe Pro)

Carry
handle for small MedSafe (ver. 1 and ver. 2)

 

4.    
Other product Rights Transferred to RxSafes, Inc.

 

Axius
Health website and contents

Axius
blue and red cross logo design

MedStick
fingerprint USB portable medical records device (software)

MedFile
fingerprint medical records cabinet

MedCabinet
fingerprint medication/narcotic professional storage locker

MedGuard
PC fingerprint HIPPA compliant PC logon technology

MedDose
PSA fingerprint activated switch

    	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]