Document:

EXHIBIT 10.1

     

    

    EMPLOYMENT AGREEMENT

     

    This EMPLOYMENT AGREEMENT hereinafter (“Agreement”) is effective as of this 4th day of, September, 2020 (“Effective Date”) between Boomer Holdings Inc, a Nevada corporation (“Employer”) and Mike Quaid (“Employee”).  In
      consideration of the mutual promises and covenants contained herein, the sufficiency of such consideration being expressly acknowledged by the parties, it is agreed as follows:

     

    1. EMPLOYMENT.  Employer employs Employee, and Employee accepts employment, upon the terms and conditions set forth in this Agreement.  This Agreement supersedes all prior agreements between the parties with respect to
      the subject matter hereunder.

     

    2.  TERM.  This Agreement shall be for a term of five (5) years commencing on September 4, 2020 unless otherwise terminated in accordance with the termination provisions stated below.

     

    3.  COMPENSATION.

     

    Employee shall receive compensation in the amount of Twenty Thousand Dollars ($20,000.00) per month commencing on September 7, 2020; provided, however, said compensation shall increase to Forty Thousand Dollars
      ($40,000.00) per month on the fourth month following the initial month in which Company gross revenue exceeds Ten Million Dollars ($10,000,000). In addition, annual bonuses shall be paid as determined by the Board of Directors of Employer.  Employee
      shall be paid in accordance with Employer payroll practices, including any tax withholdings required by State or Federal law.

     

    4.  DUTIES.  Employee shall work full-time for Company and shall serve as Chief Executive Officer.

     

    5. VACATION.

     

    Employee shall receive four (4) weeks of paid vacation per each year of this Agreement.

     

    6.  EQUITY.  Employee shall receive a grant of Six Million Five Hundred Thousand Shares (6,500,000) common shares of Employer stock.

     

    7.  EXPENSES.  During the term of employment, Employee shall be entitled to reimbursement of expenses incurred while carrying out all responsibilities hereunder.

     

    8.  TERMINATION.  Whenever the word “Termination” is used in this Agreement with reference to a termination of Employee’s employment, such word or term shall include termination, voluntary or involuntary, with or
      without cause, discharge, retirement, disability, or withdrawal, or any other type of termination of employment in this Agreement may occur under the following circumstances, or any one of them:

     

    

    
      
        

    

    I.  Termination by Employee.  Employee may terminate employment hereunder, upon not less than ninety (90) days prior written notice of termination to Employer.  Employee specifically acknowledges ninety (90) days prior
      written notice is necessary in order to allow Employer a reasonable time to find a replacement for Employee.   In the event of breach of this subsection, Employee shall be responsible for all out of pocket costs for any head hunter fees necessary to
      replace Employee for all work required within the ninety (90) day period in which insufficient notice was provided.

     

    II. Termination by Employer.  Employer may terminate Employee’s employment hereunder:

     

    a. Without advance notice upon Employee being found guilty in a court of law of a felony or Employee agreeing to a felony plea;

     

    b. If Employee breaches any of the provisions of this Agreement and said breach is not cured within thirty (30) days of written notice thereof from Employer;

     

    c. If Employee becomes disabled such that he or she cannot perform his duties hereunder and said disability continues for a period of twelve (12) consecutive months.

     

    In the event of the death of Employee, this Agreement shall terminate, provided any compensation then due shall be prorated on the basis of time to the date of such termination.

     

    Upon termination, Employee will be paid accrued, unpaid salary.

     

    

    9.  EMPLOYER BENEFITS.  Employee shall receive Employee Benefits when the Company creates a benefit plan for all full-time employees.

     

    10.  CONFIDENTIAL INFORMATION.  The parties agree that the terms of this Agreement shall remain confidential and shall not be disclosed absent the advanced written consent of the non-disclosing party, except for
      customary disclosure necessary to handle compliance and other pertinent issues with Employer and Employee’s attorneys, accountants, and consultants.

     

    11.  REMEDIES.  The parties recognize that irreparable injury will result to Employer and its business property if employee breaches the provisions of the paragraphs above.  In the event of a breach, in addition to any
      other remedies which Employer may at law or in equity be entitled, the Employer will be entitled to an injunction to restrain further breach by Employee or any of Employee’s partners, agents, employers and employees, or any person acting for or with
      Employee.  The violation by Employee of these provisions could cause irreparable injury to the Employer and there is no adequate remedy at law for a violation of those provisions. Each breach of this Agreement and each remedy provided in this
      Agreement are distinct and cumulative to all other rights or remedies under this Agreement or afforded by law or equity, and may be exercised concurrently, independently, or successively, in any order whatsoever.  Such exercise includes, but is not
      limited to, Employer seeking both an injunction to restrain further breach and seeking monetary damages.

     

    12.  WAIVER.  The waiver of the Employer of a breach of any provision of the Agreement by Employee shall not operate or be construed as a waiver of any subsequent breach by the Employee.

     

    

    
      
        

    

    13.  ATTORNEY’S FEES.  If any action at law, in equity, or arbitration, including an action for declaratory relief, is brought to enforce or interpret the provisions of this Agreement, the prevailing party shall be
      entitled to all costs and reasonable attorneys’ fees.

     

    14.  ASSIGNABILITY.  These contractual obligations of Employee are personal and neither the rights nor obligations under this Agreement may be assigned or transferred by Employee to any other person.  This Agreement
      will bind and benefit any successor of Employee, whether by merger, sale of assets, reorganization or other form of business acquisition, disposition or business reorganization.

     

    15.  AMENDMENT.  This Agreement contains the entire understanding of the parties.  This Agreement may be changed only by a written document signed by Employee and Employer.  In the event of any changes, the Employee
      agrees as terms of their employment to sign any subsequent or amended contracts, which are applicable to their department and/or position. Such changes have to be approved in a management meeting by the members holding a majority interest of
      Employer.

     

    16.  NOTICES.  All notices and other communications required or permitted to be given by this Agreement must be in writing and must be given and will be deemed received if and when either hand delivered and a signed
      receipt is given, or mailed by registered or certified U.S. Mail, return receipt requested, postage prepared, and if to Employer to the address below:

    

    

    

    Boomer Holdings Inc

    8670 West Cheyenne Avenue

    Las Vegas, Nevada 89129

     

    

    And if to Employee:

    Mike Quaid

     

    Either party may change the address to which notice is to be addressed by notifying the other party of the change.

     

    17.  ENFORCEMENT.  This Agreement is to be construed in accordance with the laws of the State of Nevada.  Any actions arising in connection with the Agreement shall be subject to mandatory arbitration in front of a
      three-arbitrator panel in Clark County, Nevada.  By this Agreement, the parties confer jurisdiction over the subject matter of and parties to the Agreement.  The party who prevails in any action will be entitled to an award of the reasonable costs
      and attorney’s fees incurred in the action.

     

    

    
      
        

    

    18.  SEVERABILITY.  If any provision of this Agreement, or any portion thereof, is held unreasonable, unlawful, or unenforceable by a court of competent jurisdiction, the provision, paragraph, or portion thereof will
      be deemed to be modified to the extent necessary for such provisions to be legally enforceable to the fullest extent permitted by applicable law.  Any court of competent jurisdiction may enforce or modify any provision, paragraph, or portion thereof
      in order that the provision or portion will be enforced by the court to the fullest extent permitted by applicable law.

     

    IN WITNESS WHEREOF, the parties have executed this Agreement on this 4th day of September 2020.

     

    
      	
              “Employer”

            	
               

            
	
               

            	
               

            
	
              Boomer Holdings Inc

            	
               

            
	
               

            	
               

            
	 /s/ Daniel Capri

            	
               

            
	
              By:  Daniel Capri, President

            	
               

            
	 	 
	
              “Employee”

            	 
	 	 
	 /s/ Mike Quaid

            	 
	
              Mike QuaidExhibit
10.1

 

Commitment
to be Bound 

by
the Amended Operating Agreement 

to
Effect Transfer of Membership Interest

 

WHEREAS,
pursuant to the First Amended Limited Liability Company Agreement of Global Clean Solutions, LLC amended effective 15 May 2020
(the “Amended Agreement”), a Member may transfer all or a portion of such Member’s Units to a company, and said
company shall immediately become a substituted Member if: 1) the Member holding such Units shall deliver written notice to the
Company describing in reasonable detail the proposed Transfer; and 2) the proposed Transferee has agreed in writing to be bound
by the conditions set forth in Section 10.1 of the Agreement; and 3) Transferee designates the same Person as Manager of Global
Clean Solutions, LLC as the transferor had designated; and 4) Transferee executes a counterpart signature page to the Amended
Agreement. 

 

WHEREAS
Graphene Holdings, LLC (“Transferor”) seeks to Transfer all of its twenty-five (25) Class A Units in Global Clean
Solutions, LLC to Global Technologies, Ltd, a Delaware Limited Company (the “Transferee”):

 

NOW,
THEREFORE, the undersigned hereby represents and warrants as follows:

 

	 	a.	Transferee
    is a Delaware Limited Company;
	 	 	 
	 	b.	Transferor
    seeks to Transfer all his twenty-five (25) Class A Units to Transferee to be held thereby;

 

AND,
the undersigned hereby agree as follows;

 

	 	c.	Transferee
    acknowledges that it has read the Amended Agreement and by the execution of this Commitment to be Bound agrees to be admitted
    as a member of Global Clean Solutions, LLC, to be bound by Section 10.1 of the Amended Agreement (reproduced below), and upon
    Transfer of said twenty-five (25) Class A Units to Transferee shall execute a counterpart signature page to the Amended Agreement,
    as if the Transferee were an original signatory to the Agreement;
	 	 	 
	 	 	—10.1
    Assignment by Members. No Member shall be permitted to Transfer all or a portion of such Member’s Units except subject
    to, and in compliance with, this Article X; provided, however, that in no event may an Incentive Unit be transferred
    except in connection with a Company repurchase. Each Member hereby acknowledges the reasonableness of this prohibition in
    view of the purposes of the Company and the relationship of the Members. In connection with the Transfer of any Units, the
    Member holding such Units shall deliver written notice to the Company describing in reasonable detail the Transfer or proposed
    Transfer and the Board may, but is not obligated to, require prior to approving any Transfer, an opinion of counsel, which
    (to the Board’s reasonable satisfaction) is knowledgeable in securities law matters, to the effect that such Transfer
    of Units may be effected without registration of such Units under the Securities Act. A Member shall not Transfer any Units
    until the proposed transferee has agreed in writing to be bound by the conditions set forth in this Section 10.1 (such
    agreement in writing, the “Commitment to be Bound”), and a transferee shall be admitted to the Company as
    a Member only following the approval of the Board and upon execution of a counterpart signature page to this Agreement. Notwithstanding
    the foregoing, a Preapproved Transfer will be deemed to have received unanimous consent of the Managers upon the transferee
    stating in writing (a) its Commitment to be Bound and (b) in the event the transferee will hold 20% or more of the Units outstanding
    (permitting it, under Section 5.1 of the Agreement, to designate one person to serve on the Board of Managers) that it designates
    the same Person as Manager as the transferor had designated ((a) and (b), collectively, Preapproved Transfer Notification).
    Any Transfer by any Member of any Units or other interests in the Company in contravention of this Agreement shall be invalid,
    null, void and ineffectual and shall not bind or be recognized by the Company or any other party.
	 	 	 
	 	d.	By
    the execution of this Commitment to be Bound and upon Transfer of said twenty-five (25) Class A Units to Transferee, Transferee
    agrees to designate Brian McFadden to serve on the Board of Managers of Global Clean Solutions, LLC under Section 5.1 of the
    Amended Agreement.

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, each of the undersigned caused this Commitment to be Bound to be duly executed by it or on its behalf on or as
of September 3, 2020.

 

	 	Global
    Clean Solutions, LLC
	 	 	 
	 	By:	 
	 	Name:	Brian
    McFadden
	 	Title:	Member
	 	 	 
	 	By:	 
	 	Name:	Bryan
    Pantofel
	 	Title:	Member
	 	 	 
	 	By:	 
	 	Name:	Chris
    Ferguson
	 	Title:	Member
	 	 	 
	 	Global
    Technologies, Ltd
	 	 	 
	 	By:	 
	 	Name:	Wayne
    Anderson
	 	Title:	President

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