Document:

Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

By

 

Setco
International Forwarding, Inc. (“Buyer”)

 

And

 

GEX
Management, Inc. (“Seller”)

 

 

 

 

 

 

 

 

 

 

 

 

    	 		 

     

    

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

THISMEMBERSHIPINTERESTPURCHASEAGREEMENT(this

“Agreement”)
is entered into effective as of September 28, 2018 (“Effective Date”) by and among Setco International Forwarding,
Inc., a Texas corporation (“Buyer”), and GEX Management, Inc., a Texas Corporation (“Seller”)
(collectively “Parties” and individually “Party”), for the purchase of the 51% of the member
interests in Payroll Express, LLC, a California limited liability company (“PAYEX”).

 

	RECITALS

 

WHEREAS,
PAYEX is a limited liability company that owns certain service agreements of which true and correct copies have been reviewed
and sent to Buyer by Seller; and

 

WHEREAS,
the Seller owns fifty-one percent (51%) of the member interests in PAYEX (the “PAYEX Member Interest”); and

 

WHEREAS,
Buyer wishes to buy from Seller, and Seller wishes to sell to Buyer the PAYEX Member Interests, subject to the terms and conditions
set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual
agreements and covenants contained herein
and for other good and valuable
consideration, the receipt and sufficiency
of which are hereby acknowledged,
Buyer and Seller hereby agree as follows:

 

	 	Article I.	 
	 	 	 
	 	SALE AND PURCHASE OF PAYEX	 

 

1..0    
Sale and Purchase
of PAYEX Member Interest; Consideration.
The Seller hereby agrees, subject to
the terms and conditions of this
Agreement, to sell, assign,
transfer and deliver to Buyer at
the Closing (as hereinafter defined)
free and clear of all liens,
claims, charges, limitations, agreements,
restrictions and encumbrances whatsoever,
the PAYEX Member Interest for
the consideration specified in Section
1.1. The Seller hereby transfers
all title over the PAYEX Member
Interest to Buyer at the time
of Closing, which includes
all rights and obligations connected
to the PAYEX Member Interest including
but not limited to all rights to dividends,
capital, all voting rights
and for avoidance of doubt any
dividends which are due but not yet paid will
become due and paid to Buyer. The
transfer is effective at the execution
of this Agreement and the issuance of
the consideration defined in Section1.2.

    	 	2	 

     

    

		1..1	Total
                                         Purchase Price for PAYEX Member Interest. The total purchase price for the PAYEX
                                         Member Interest shall be five million dollars ($5,000,000)
                                         worth out of the sale of the Vacant Land located on 130000 LBJ Freeway, Dallas,
                                         TX 75228.

 

1..2   
Closing. The
closing of the sale and purchase
of the PAYEX Member Interest to the Buyer shall take place contemporaneously
with the execution of this Agreement at the offices of the Seller (the “Closing”).

 

	 	Article II.	 
	 	 	 
	 	REPRESENTATIONS AND WARRANTIES	 

 

2.0
Representations and Warranties of Buyer. PAYEX and Seller represents and warrants to and agrees to Seller, as follows:

 

(a)    
Organization; Power and Authority; Authorization;
Subsidiaries. PAYEX is a limited liability company duly organized, validly existing and in good standing under the laws of
the State of California and Seller has full corporate power and authority to execute and deliver this Agreement and to perform
the Seller’s obligations hereunder and thereunder. Seller has all requisite power and authority and all authorizations,
licenses and permits necessary to own, lease and operate its properties and other assets, to conduct its businesses as presently
conducted and as proposed to be conducted. The execution, delivery and performance by Seller of this Agreement and has been duly
and validly authorized by all necessary corporate action.

 

(b)   
Non-Contravention; Governmental Authorities
and Consents. The execution, delivery and performance of this Agreement does not and will not violate, result in creation
of a lien under, or cause a default or a breach of any term or provision of (i) any statute or other law applicable to Buyer,
(ii) any rule or regulation of any governmental agency or authority applicable to Seller, (iii) any agreement, document or instrument
to which Seller is a party or by which it is bound, (iv) any judgment, order or decree of any court or governmental agency or
authority applicable to Seller or PAYEX or (v) the organizational documentation of PAYEX or any resolution of the Seller’s
Board of Directors, members or managers. No consent, approval, or other authorization is required on the part of any person, governmental
authority or other entity in connection with the execution, delivery and performance of this Agreement by the Seller.

 

(c)     No
Undisclosed Liabilities. PAYEX does not have any undisclosed liabilities or obligations of any nature (whether accrued,
absolute, contingent or otherwise) that would be required to be reflected on a balance sheet or in notes thereto prepared in
accordance with United States generally accepted accounting principles applied on a consistent basis, except for liabilities
or obligations (i) disclosed in Buyer’s financial statements, (ii) incurred in the ordinary course of business and
consistent with past practices since the date of the latest Buyer balance sheet and (iii) that are not material in the
aggregate to PAYEX or Seller. Seller and PAYEX have filed all necessary tax returns and/or audit documentation with the
proper tax and/or regulatory authority.

 

    	 	3	 

     

    

 

 

(d)   
Bankruptcy Matters. Seller and PAYEX are
not subject to any voluntary case under title 11 of the United States Code or any other bankruptcy, insolvency or similar law
of any state, federal, foreign or other jurisdiction, nor has any Person commenced an involuntary case against or involving the
Seller and/or PAYEX under title 11 of the United States Code or any other bankruptcy, insolvency any similar law of any state,
federal, foreign or other jurisdiction.

 

(e)    
PAYEX’s Capitalization. All of the
PAYEX Member Interest has been duly authorized, are validly issued, fully paid and non-assessable, and are owned of record beneficially
by Seller, free and clear of all encumbrances.Upon consummation of the transactions contemplated herein, Buyer shall own 51%
of non-dilutive PAYEX Member Interest free and clear of all encumbrances.

 

(f)    
All of the PAYEX Member Interest was issued in
compliance with applicable laws. None of the PAYEX Member Interest was issued in violation of any agreement, arrangement or commitment
to which Seller is a party or is subject to or in violation of any preemptive or similar rights of any person.

 

(g)    
Legal Proceedings; Governmental Orders.
There is no claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise whether at
Law or in equity (“Actions”) are pending or, threatened or accrued (i) against or by PAYEX and/or Seller affecting
any of its properties or assets or (ii) against or by PAYEX and/or Seller that challenges or seeks to prevent, enjoin or otherwise
delay the transactions contemplated by this Agreement.

 

(i)
Assets and Real Property of PAYEX. PAYEX owns certain service agreements (the “Service Agreements”)
that have been received and sent to Buyer, in their true and correct form. The Service Agreements are free from any mortgages,
liens, pledges, charges, encumbrances, equities, claims, covenants, conditions or restrictions except as shown on the financial
records of PAYEX or disclosed herein by PAYEX and/or Seller.

2.1    
Representations and Warranties of Buyer.Buyer
represents and warrants and agrees to Seller, as follows:

    	 	4	 

     

    

 

(a)    
Organization of the Buyer. Buyer is a
Texas corporation and is duly organized, validly existing, and in good standing in the State of Texas.

 

(b)   
Authorization of Transaction. Seller,
through its Board of Directors, has full capacity, power and authority to execute and deliver this Agreement and to perform its
obligations hereunder and to consummate the transactions contemplated hereby. Buyer does not need to give any notice to, make
any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order to consummate
the transactions contemplated by this Agreement.

 

(c)    
Noncontravention. To Buyer’s knowledge,
neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will in
any material respect (A) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge,
or other restriction of any government, governmental agency, or court to which Buyer or is subject or any provision of its organization
documents, as applicable or (B) conflict with, result in a breach of, constitute a default under, result in the acceleration of,
create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract,
lease, license, instrument, or other arrangement to which Buyer is a party or by which any of Buyer's assets is subject.

 

	 	Article III.	 
	 	 	 
	 	INDEMNIFICATION	 

 

 

Seller
shall defend, indemnify and hold Buyer and its officers, directors, and affiliates (collectively, the

 “Buyer’s
Indemnified Parties”) harmless from any and all Third Party Claims and Losses resulting from (a) any material breach
or material inaccuracy of a representation or warranty of Seller and/or PAYEX contained in this Agreement; or (b) any failure
by Seller to perform or comply with any covenant applicable to it contained in this Agreement. Seller’s
liability under this indemnification
provision will not be limited
to the amount that Buyer has
paid to the Seller under this Agreement.

 

 

	 	Article IV.	 
	 	 	 
	 	GENERAL	 

 

 

4..0   
Expenses. Except as otherwise expressly
provided herein, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors
and accountants, incurred in connection with this Agreement and the transactions contemplated herein shall be paid by the Party
incurring such costs and expenses, whether or not the Closing shall have occurred.

 

    	 	5	 

     

    

 

 

4..1   
Assignment. This Agreement and the other
agreements entered into by the Parties in connection herewith will be binding on the Parties hereto and their respective heirs,
estates, guardians, executors, administrators, successors and assigns; provided, however, other than the Parties and their respective
heirs, estates, guardians, executors, administrators, successors and assigns, nothing in this Agreement express or implied, is
intended to confer upon any other Person any rights, remedies, obligations or liabilities of any nature whatsoever under or by
reason of this Agreement.

 

4...2   
Severability. If any term of this Agreement
is held by a court of competent jurisdiction to be invalid, void or unenforceable, then (a) such provision will be interpreted,
construed or reformed to the extent reasonably required to render the same valid, enforceable and consistent with the original
intent underlying such provision; (b) such provision will remain in effect to the extent it is not invalid or unenforceable; and
(c) the remainder of this Agreement shall remain in full force and effect and shall in no way be invalidated.

 

4..3   
Waiver. A delay or failure in enforcing
any right or remedy afforded hereunder or by law shall not prejudice or operate to waive that right or remedy or any other right
or remedy for a future breach of this Agreement, whether of a like or different character.

 

4..4   
Governing Law. This Agreement, including
any exhibits attached hereto, shall be construed in accordance with the substantive and procedural laws of the United States and
the State of Texas applicable to agreements executed and wholly performed therein, without regard to rules or principles of conflict
of laws that might require the application of the laws of any other jurisdiction.

 

4..5   
Entire Agreement. This Agreement, including
any exhibits attached hereto, sets forth the entire agreement between the Parties and supersedes all contracts, proposals or agreements,
whether oral or in writing, and all negotiations, discussions and conversations, between the Parties with respect to the subject
matter contained in this Agreement. Any policies, agreements or understandings made between the Parties relating to the subject
matter of this Agreement and not explicitly set forth in this Agreement are void and unenforceable. This Agreement may be amended,
supplemented or modified only by a written instrument duly executed by or on behalf of each Party hereto.

 

4.6  Counterparts.  This
Agreement may be executed in counterparts, each of which shall be considered an original hereof but all of which
together shall constitute one agreement. It is the express intent of the Parties to be bound by the exchange of signatures on
this Agreement via electronic transmissions or original signatures.

 

 

 

    	 	6	 

     

    

 

 

IN
WITNESS WHEREOF, each of the Parties hereto, intending to be legally bound, has executed this Agreement as of the date first set
forth above.

 

	 	Seller:
	 	GEX Management, Inc.
	 	 
	 	 
	 	By: /s/ Carl Dorvil
	 	Carl Dorvil, Chief Executive Officer and Chairman
	 	 
	 	 
	 	Buyer:
	 	Setco Forwarding International, Inc.
	 	 
	 	 
	 	By: /s/ Nabil Sahliveh
	 	Nabil Sahliyeh
	 	 

 

 

 

    	 	7Exhibit 10.2

 

 

	 	 	GEX Management, Inc.
	 	 	12001 N. Central Expressway
	 	 	Ste 825
	 	 	Dallas, TX 75243

 

  

October
15, 2018

 

Carl
Dorvil

1114
Newcastle Drive

Rockwall,
TX 75032

 

Re:     Separation
Letter and General Release Agreement Dear Carl Dorvil,

According
to your representations to GEX Management Inc. (“GEX”), you have decided to resign your employment with GEX effective
on October 15, 2018. In order to settle, resolve and dispose of all disputes, differences, potential claims and controversies
between you and GEX, if any, existing up to, including and since your resignation of employment, you and GEX enter this Separation
Letter and General Release Agreement (“Agreement”) and agree as follows:

 

		1.	In
                                         consideration for your release of claims, as well as your other promises contained herein,
                                         GEX will pay you severance pay of three (3) months salary in the total gross amount of
                                         $37,500.00 less standard withholding and applicable deductions, payable in one lump sum
                                         amount within fourteen (14) days from the date of receiving a signed and fully executed
                                         copy of this Agreement at the GEX office located at 12001 N Central Expressway, STE 825,
                                         Dallas, TX 75243.

 

 

		2.	In
                                         exchange for the promises contained in this Agreement and release of claims as set forth
                                         below, and provided that you sign this agreement and return it to GEX by October 30,
                                         2018 and do not revoke this Agreement as set forth in Paragraph 13(d):

 

		a.	Within
                                         fourteen (14) days of receiving a signed and fully executed copy of this Agreement, GEX
                                         will pay you for three (3) months salary of pay as severance in one lump sum of $37,500.00
                                         in accordance with the Company's normal payroll process which means that any payment
                                         will be less standard withholding and applicable deductions.

 

 

		3.	All
                                         unreimbursed travel and business expenses to which Employee is entitled to reimbursement
                                         as of the Resignation Date will be promptly paid to Employee after submission of expense
                                         reports in accordance with standard GEX policy.

 

		4.	Employee
                                         shall return promptly return all GEX property provided to Employee or in Employee’s
                                         possession or control. In the event Employee fails to return GEX property in accordance
                                         with the terms of this Agreement, GEX shall have the right to offset against payments
                                         or benefits owing to Employee hereunder the replacement value of any and all such unreturned
                                         property.

 

		5.	In
                                         exchange for the consideration set forth in Paragraphs 1, 2, and 3 above, and the promises
                                         reflected herein and for other good and valuable consideration, the sufficiency of and
                                         receipt of which are hereby acknowledged and confirmed, you, for and on behalf of yourself
                                         individually and your heirs, representatives, and assigns, if any, now release, discharge
                                         and relinquish GEX and its predecessors, successors, parent entities, subsidiaries, attorneys,
                                         officers, directors, employees, former employees, agents and assigns (the “GEX
                                         Released Parties”), jointly and/or severally, from any and all claims, actions,
                                         demands, liabilities, and/or causes of actions of whatever kind or character, joint or
                                         several, whether now known or unknown, asserted or unasserted, including but not limited
                                         to, those which might in any way arise out of or relate to your employment or the termination
                                         of your employment or any agreements with any of the GEX Released Parties and you, including, but
not limited to the Age Discrimination in Employment Act, as amended, Title VII of the Civil Rights Act of 1964, as amended, the
Civil Rights Act of 1991, 42 U.S.C. §1981, the Americans with Disabilities Act, as amended, the Equal Pay Act, as amended,
the Worker Adjustment and Retraining Notification Act, the Employment Retirement Income Security Act of 1974, as amended, the
Family and Medical Leave Act, as amended, the Fair Labor Standards Act, as amended, the Sarbanes-Oxley Act, or under any applicable
state or local laws or ordinances or any other legal restrictions on GEX’s rights, including section 451 of the Texas Labor
Code and the Texas Commission on Human Rights Act, or any other claim, regardless of the forum in which it might be brought, if
any, which you have, might have, might claim to have against GEX Released Parties, or any of them individually, for any and all
injuries, harm, damages, penalties, costs, losses, expenses, attorney’s fees, and/or liability or other detriment, if any,
whenever incurred, or suffered by you as a result of any and all acts, omissions, or events by the GEX Released Parties, collectively
or individually, through the Effective Date of this Agreement, as defined in Attachment 1 to this Agreement.

 

    	 	1	 

     

    

 

 

 

		6.	You
                                         and GEX agree, acknowledge and understand that this Agreement constitutes a release which
                                         includes, but is not limited to, any and all claims, actions, demands, and causes of
                                         action, if any, arising from or in any way connected with the employment relationship
                                         between you and GEX and the ending thereof, including any claim of discrimination, retaliation,
                                         failure to accommodate, wrongful termination, breach of contract, for payment of wages
                                         and/or tortious conduct, including all claims that were or could have been brought by
                                         you.

 

		7.	You
                                         and GEX agree that in spite of and notwithstanding the above language, you in no way
                                         release any claims to employee benefits, including pension and/or retirement benefits,
                                         if any, that were vested as of the date of your resignation.

		8.	You
                                         also acknowledge that you have been informed pursuant to the federal Older Workers Benefit
                                         Protection Act of 1990 that:

 

a.  
You have the right to consult with an attorney before signing this Agreement;

 

b.  
You do not waive rights or claims under the federal Age Discrimination in Employment Act that may arise after the date this waiver
is executed.

 

c.  
You have twenty-one (21) days from the date of this letter to consider this Agreement;

 

d.  
You have seven (7) days after signing this Agreement to revoke the Agreement, and the Agreement will not be effective until that
revocation period has expired.

 

		9.	You
                                         further specifically agree and knowingly and voluntarily enter this Agreement with the
                                         purpose of waiving and releasing any claims under the Age Discrimination in Employment
                                         Act of 1967, as amended, as set forth in detail in Attachment 1 to this Agreement.

 

		10.	You
                                         also agree and acknowledge that if you decide to re-apply for employment with GEX or
                                         any affiliated or subsidiary entity or its successors within one (1) year from the date
                                         of your resignation, you will refund the amount paid in severance to GEX.

 

		11.	This
                                         Agreement shall not enhance, alter, or otherwise interfere with any vested rights that
                                         you may have in any retirement plan.

 

		12.	You
                                         further agree that in exchange for the compensation and promises provided for herein,
                                         and as an essential and material consideration for such payment, you agree that you or
                                         your representative or agent will not disclose this Agreement or its terms or conditions
                                         or the facts alleged that serve as the basis of the Agreement to any third party, entity
                                         or government organization, unless you are required to do so by law or by legal process,
and that all such matters shall remain strictly confidential and shall not be disclosed or eluded to in any manner, other than
to your spouse, attorneys and tax advisors, provided that such parties are advised by your of the confidentiality requirement
and that they agree to maintain full confidentiality. It is specifically understood that a breach of this confidentiality agreement
to a person or entity to which disclosure is not permitted shall constitute a breach of the Agreement between you and GEX.

 

 

    	 	2	 

     

    

 

 

 

		13.	Further,
                                         you and GEX agree that neither you nor GEX will make disparaging remarks about the other
                                         regarding your employment with GEX, tenure and separation from employment, including
                                         the matters giving rise to this Agreement.

 

		14.	Further,
                                         you and GEX acknowledge that (a) GEX has provided you access to trade secret, confidential,
                                         and/or proprietary information of GEX (including without limitation, employee statistical
                                         and/or demographic information; business plans; marketing plans (national and regional
                                         and local); market information; management processes; designs, technology, and testing;
                                         on-line systems and other computer systems; financial matters; performance results; and
                                         employee compensation) (collectively, the “Confidential Information”); (b)
                                         the Confidential Information has been and will be established and maintained at great
                                         expense to GEX; (c) GEX expects to make a substantial investment in maintaining and expanding
                                         the opportunities available to it as a result of the existence of the Confidential Information;
                                         (d) the disclosure to, or use of such information by a competitor or a claimant would
                                         cause serious financial harm to GEX; and (e) without regard to whether any Confidential
                                         Information would be deemed confidential, material, or important by any third party,
                                         you and GEX now agree that, as between them, the Confidential Information is important,
                                         material, and confidential and gravely affects the effective successful conduct of business
                                         and mission of GEX and its goodwill.

 

GEX
has in the past provided you with Confidential Information and, even though you understand that you have had such an obligation
since you began your employment with GEX, in exchange for your agreements set forth herein, you agree that you or your representative
or agent shall not, directly or indirectly, through any form of ownership, in any individual or representative or affiliated capacity
whatsoever, reveal, divulge, disclose, or communicate to any person, firm, association, corporation, or other entity any Confidential
Information belonging to GEX.

 

		15.	You
                                         and GEX agree that the terms of this Agreement are contractual in nature and not merely
                                         recitals, and shall be governed and construed in accordance with the laws of the State
                                         of Texas. The venue for any dispute arising out of this Agreement shall be in a court
                                         of competent jurisdiction in Dallas County, Texas. You
                                         and GEX further agree that should any part of this Agreement be declared or determined
                                         by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the parties
                                         intend that the legality, validity, and enforceability of the remaining parts shall not
                                         be affected thereby, and said illegal, invalid or unenforceable parts shall be deemed
                                         not to be part of this Agreement.

 

		16.	The
                                         forbearance or failure of one of the parties hereto to insist upon strict compliance
                                         by the other with any provisions of this Agreement, whether continuing or not, shall
                                         not be construed as a waiver of any rights or privileges hereunder. No waiver of any
                                         right or privilege or a party arising from any default or failure hereunder of performance
                                         by the other shall affect such party’s rights or privileges in the event of a further
                                         default or failure of performance.

 

		17.	You
                                         and GEX agree that in executing this Agreement neither you nor GEX has relied upon and
                                         does not rely upon any document, representation or statement, whether written or oral,
                                         other than those specifically set forth in this Agreement. You and GEX also agree that
                                         this Agreement and its Attachment constitute the entire agreement between you and GEX,
                                         supersede any and all prior agreements or understandings, written or oral, pertaining
                                         to the subject matter of this Agreement, and contain all covenants and agreements in
                                         any manner whatsoever between the parties with respect to such matters. No oral understandings,
                                         statements, promises or inducements
contrary to the terms of this Agreement exist. This Agreement cannot be changed or terminated orally, but may be changed only
through written addendum executed by both you and GEX.

 

		18.	You
                                         represent that you fully understand your right to review all aspects of this Agreement
                                         with an attorney of your choice, that you have had the opportunity to consult with an
                                         attorney of your choice, that you have carefully read and fully understand all the provisions
                                         of this Agreement and that you are freely, knowingly and voluntarily entering into this
                                         Separation Agreement and General Release.

 

		19.	You
                                         understand and agree that this Agreement does not constitute an admission of any kind
                                         by GEX, but is simply an accommodation that offers certain extra benefits to which you
                                         would not otherwise be entitled in return for your agreeing to sign this Agreement.

 

		20.	You
                                         declare that the terms of this Agreement and its Attachment have been completely read,
                                         are fully understood and are voluntarily accepted, after complete consideration of all
                                         facts, and constitutes a full settlement of any and all claims, disputed or otherwise,
                                         as provided herein.

    	 	3	 

     

    

Therefore,
you and GEX execute this Agreement as follows:

 

	GEX MANAGEMENT. INC.	 	 
	 	 	 	 
	By:	/s/ Chelsea Christopherson	 	10/15/18
	 	COO/President	 	Date
	 	 	 	 
	 	 	 	 
	 	/s/ Dario Saintus	 	10/15/18
	 	Interim CFO	 	Date
	 	 	 	 
	 	 	 	 
	 	/s/ Carl Dorvil	 	10/15/18
	 	Carl Dorvil	 	Date

 

 

    	 	4	 

     

    

 

 

 

	 	ATTACHMENT 1	 
	 	ADEA RELEASE	 

 

[Resigning
Employee Name] hereby acknowledges that he knowingly and voluntarily enters into this Agreement with the purpose of waiving and
releasing any claims under the Age Discrimination in Employment Act of 1967, as amended, and as such, he/she acknowledges and
agrees that:

 

		(1)	this
                                         Agreement is worded in an understandable way;

 

		(2)	Carl
                                         Dorvil is entering into this Agreement freely and voluntarily and has carefully read
                                         and understands all of the provisions of this Agreement;

 

		(3)	any
                                         rights or claims arising under the ADEA are waived;

 

		(4)	claims
                                         under the ADEA that may arise after the date of this Agreement are not waived;

 

		(5)	the
                                         rights and claims waived in this Agreement are in exchange for additional consideration
                                         over and above anything to which Carl Dorvil was already undisputedly entitled;

 

		(6)	Carl
                                         Dorvil has been advised in writing to consult with an attorney prior to executing this
                                         Agreement, and has had an opportunity to do so;

 

		(7)	Carl
                                         Dorvil has been given a period of time, up to twenty-one (21) days from the date of this
                                         Letter, if desired, to consider this Agreement, and understands that he/she may revoke
                                         his waiver and release of any ADEA (age discrimination) claims covered by this Agreement;
                                         provided however, that such a revocation will be deemed to cause a failure of consideration
                                         for this Agreement, whereupon GEX would be entitled to a return of any monies paid to
                                         Carl Dorvil under this Agreement;

 

		(8)	Carl
                                         Dorvil understands that this Agreement shall not become effective until the eighth

day
after he signs the Agreement without revocation (the “Effective Date”); and

 

		(9)	Any
                                         changes made to this Agreement, whether material or immaterial, will not restart the
                                         running of this twenty-one (21) day period.

 

 

 

 

 

 

 

    	 	5

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