Document:

20220130 Offer Letter - Dave Homolka

		
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			Exhibit 10.18
		

		
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			January 24, 2020
		

		
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			Dear Dave:
		

		
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			It is my pleasure to extend the following promotion to you on behalf of Duluth Trading Company.
		

		
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			Position Title: Senior Vice President of Human Resources, Retail & Call Center Operations
		

		
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			Effective Date: February 3, 2020
		

		
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			Base Salary: Your annual base salary will be $325,000 annual, which is paid bi-weekly and is subject to deductions for taxes and other withholdings that are required by law. Your salary will be reviewed for merit consideration in April of 2020.
		

		
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			Bonus: For Fiscal 2020, your bonus target is 50% of your base salary wages earned. You will be eligible for payout in the spring of 2021 and is contingent upon the Company meeting certain financial thresholds that are established annually.
		

		
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			I look to your continued contributions at Duluth Trading Company.
		

		
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			Sincerely,
		

		
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			/s/ Steve Schlecht            
		

		
			Steve Schlecht, CEO
		

		
			Duluth Trading Company
		

		
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			ACCEPTED:
		

		
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			/s/ Dave Homolka                                                                                                                                         1/24/2020      
		

		
			Dave Homolka                                                                                                                                                     Date
		

		
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			120220130 Offer Letter - Ricker Schlecht

		
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			Exhibit 10.19
		

		
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			January 24, 2020
		

		
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			Dear Ricker:
		

		
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			It is my pleasure to extend the following promotion to you on behalf of Duluth Trading Company.
		

		
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			Position Title: Senior Vice President of Product Development, Visual Merchandising and Creative
		

		
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			Effective Date: February 3, 2020
		

		
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			Base Salary: Your annual base salary will be $300,000 annual, which is paid bi-weekly and is subject to deductions for taxes and other withholdings that are required by law. Your salary will be reviewed for merit consideration in April of 2020.
		

		
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			Bonus: For Fiscal 2020, your bonus target is 50% of your base salary wages earned. You will be eligible for payout in the spring of 2021 and is contingent upon the Company meeting certain financial thresholds that are established annually.
		

		
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			I look to your continued contributions at Duluth Trading Company.
		

		
			﻿
		

		
			Sincerely,
		

		
			﻿
		

		
			/s/ Steve Schlecht            
		

		
			Steve Schlecht, CEO
		

		
			Duluth Trading Company
		

		
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			ACCEPTED:
		

		
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			/s/ Ricker Schlecht                                                                                                                                         1/24/2020      
		

		
			Ricker Schlecht                                                                                                                                                     Date
		

		
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			1Demand Promissory Note

 

Full Names: Live Inc, DBA Talguu Inc

 

Address: 7702 E Doubletree Ranch Road, Suite 300, Scottsdale, AZ 85258

 

(Hereinafter referred to as the Borrower)

 

Full Name: Keith Wong

 

Address: c/o Proftron, LLC, 7702 E Doubletree Ranch Road, Suite 300, Scottsdale, AZ 85258

 

(Hereinafter referred to as the Lender)

 

for value received, the Borrower hereby unconditionally promises to pay to the order of Lender the sum of Two Hundred Thousand Dollars ($40,000**) or any remaining unpaid principal thereof together with compounded interest accrued at the rate of 4 percent (4%) per quarter on any unpaid balance plus any reasonable legal and collection fees. All the other unaffected terms of this Note shall remain in full force.

 

Payable on Demand

The entire outstanding amount shall become immediately payable upon demand by the Lender or holder of this Note.

 

Place of Payment

Payment shall be made at the above stated address of the Lender or at such place as may be designated from time to time in writing by the Lender or holder of this Note. For ease of payment the Borrower may exercise the option to effect payment by direct deposit or electronic transfer of funds into the account of Lender as specified in writing.

 

Prepayment

The Borrower may prepay this Note in full or in part at any time without premium or penalty. All prepayments shall first be applied to accrued interest and thereafter to the principal loan amount.

 

Default

Should the Borrower not make full payment within five days of demand, this Note may be turned over for collection and the Borrower agrees to pay all reasonable legal fees and collection charges to the extent permissible by law, in addition to other amounts due.

 

Transfer

The Lender may transfer this Note to another holder without notice to the Borrower and the Borrower agrees to remain bound to any subsequent holder of this Note under the terms of this Note.

 

Replacement of Note

The Borrower agrees to execute a new Note with the same terms and conditions and remaining value in the event that this Note is lost, stolen or mutilated. The Lender shall release the Borrower of all obligations under the lost, stolen or mutilated Note in lieu of a replacement new Note.

 

Joint and Several Liability

All Borrowers or Co-signors identified in this Note shall be equally liable for the repayment of the debt described in this Note.

 

Borrower's Waiver

The Borrower waives presentment for payment, notice of non-payment, off-set, protest and notice of protest and agrees to remain fully bound until this Note is paid in full.

 

Lender's Indulgence

No relaxation, indulgence, waiver, release or concession of any terms of this Note by the Lender on one occasion shall be binding unless in writing and if granted shall not be applicable to any other or future occasion.

Binding Effect

The terms of this Note shall be binding upon the Borrower's successors and shall accrue to the benefit and be enforceable by the Lender and his/her successors, legal representatives and assigns.

 

Jurisdiction

This Note shall be construed, interpreted and governed in accordance with the laws of the State of Arizona and should any provision of this Note be judged by an appropriate court of law as invalid, it shall not affect any of the remaining provisions whatsoever.

 

General

Where appropriate words signifying one gender shall include the others and words signifying the singular shall include the plural and vice versa.

 

Paragraph headings are for convenience of reference only and are not intended to have any effect in the interpretation or determining of rights or obligations under this Note.

 

Signed on Feb 04. 2021.

 

 

(1)Borrowers Name Live Inc, dba Talguu Inc 

 

	 

	Borrower's Signature: 

	 

	 

 

Name, Title: Keith Wong, CEO/CFO

 

(2)Lender’s Name, Title: Keith Wong, individual 

 

	 

	Lender’s Signature:Demand Promissory Note

 

Full Names: 3Forces Inc, formerly Live Inc

 

Address: 7702 E Doubletree Ranch Road, Suite 300, Scottsdale, AZ 85258 

 

(Hereinafter referred to as the Borrower)

 

Full Name: Keith Wong

 

Address: c/o Proftron, LLC, 7702 E Doubletree Ranch Road, Suite 300, Scottsdale, AZ 85258

 

(Hereinafter referred to as the Lender)

 

for value received, the Borrower hereby unconditionally promises to pay to the order of Lender the sum of Two Hundred Thousand Dollars ($54,141.17**) or any remaining unpaid principal thereof together with compounded interest accrued at the rate of 4 percent (4%) per quarter on any unpaid balance plus any reasonable legal and collection fees. All the other unaffected terms of this Note shall remain in full force.

 

Payable on Demand

 

The entire outstanding amount shall become immediately payable upon demand by the Lender or holder of this Note.

 

Place of Payment

 

Payment shall be made at the above stated address of the Lender or at such place as may be designated from time to time in writing by the Lender or holder of this Note. For ease of payment the Borrower may exercise the option to effect payment by direct deposit or electronic transfer of funds into the account of Lender as specified in writing.

 

Prepayment

 

The Borrower may prepay this Note in full or in part at any time without premium or penalty. All prepayments shall first be applied to accrued interest and thereafter to the principal loan amount.

 

Default

 

Should the Borrower not make full payment within five days of demand, this Note may be turned over for collection and the Borrower agrees to pay all reasonable legal fees and collection charges to the extent permissible by law, in addition to other amounts due.

 

Transfer

 

The Lender may transfer this Note to another holder without notice to the Borrower and the Borrower agrees to remain bound to any subsequent holder of this Note under the terms of this Note.

 

Replacement of Note

 

The Borrower agrees to execute a new Note with the same terms and conditions and remaining value in the event that this Note is lost, stolen or mutilated. The Lender shall release the Borrower of all obligations under the lost, stolen or mutilated Note in lieu of a replacement new Note.

 

Joint and Several Liability

 

All Borrowers or Co-signors identified in this Note shall be equally liable for the repayment of the debt described in this Note.

 

Borrower's Waiver

 

The Borrower waives presentment for payment, notice of non-payment, off-set, protest and notice of protest and agrees to remain fully bound until this Note is paid in full.

 

Lender's Indulgence

 

No relaxation, indulgence, waiver, release or concession of any terms of this Note by the Lender on one occasion shall be binding unless in writing and if granted shall not be applicable to any other or future occasion.

Binding Effect

 

The terms of this Note shall be binding upon the Borrower's successors and shall accrue to the benefit and be enforceable by the Lender and his/her successors, legal representatives and assigns.

 

Jurisdiction

 

This Note shall be construed, interpreted and governed in accordance with the laws of the State of Arizona and should any provision of this Note be judged by an appropriate court of law as invalid, it shall not affect any of the remaining provisions whatsoever.

 

General

 

Where appropriate words signifying one gender shall include the others and words signifying the singular shall include the plural and vice versa.

 

Paragraph headings are for convenience of reference only and are not intended to have any effect in the interpretation or determining of rights or obligations under this Note.

 

Signed on May 27, 2021

 

 

(1)Borrowers Name Live Inc, dba Talguu Inc 

 

	 

	Borrower's Signature: 

	 

	 

 

 

Name, Title: Keith Wong, CEO/CFO

 

(2)Lender’s Name, Title: Keith Wong, individual 

 

	 

	Lender’s Signature:

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