Document:

slgd-ex101_6.htm

Exhibit 10.1

 

Amendment to Customer Agreement

 

This Amendment (this “Amendment”) to the Customer Agreement (the “Agreement”), is dated as of July 1, 2016, between Church & Dwight Co., Inc., with offices at 500 Charles Ewing Blvd., Ewing, New Jersey 08628 (“C&D”) and Neoteric Cosmetics, Inc., with offices at 4880 Havana Street, Suite 400, Denver, Colorado 80239-0019 (“Customer”)  (the “Amendment Effective Date”).

W I T N E S S E T H:

WHEREAS, C&D and/or one or more of its affiliates manufactures and/or markets, sells and distributes various products throughout the world and is interested in having Customer continue to sell and distribute certain of C&D’s products; 

WHEREAS, Customer wishes to continue to sell and distribute certain of C&D’s products in certain specified retailer channels in the United States; and

WHEREAS, Customer wishes to commence selling certain other of C&D’s products as specified herein in specified retailer channels in the United States.

NOW THEREFORE, in consideration of the premises and the mutual covenants contained herein the parties hereby agree as follows:

	
 
	
1.
	
Renewal of Term.  Pursuant to Section 2 of the Agreement, the parties hereby acknowledge that the Agreement is renewed for an additional one (1) year term ending on December 31, 2017. 

	
 
	
2.
	
Amendments.  The following provisions of the Agreement are hereby amended.

	
a.
	
The first paragraph of Section 1 of the Agreement is hereby amended and restated in its entirety as follows:

1.  APPOINTMENT.  C&D hereby appoints Customer, and Customer hereby accepts such appointment, as C&D’s exclusive customer to distribute the “Products” (as defined below) to the “Authorized Specialty Retailers” (as defined below) for resale in the United States. Customer agrees to notify C&D in advance of contacting any Authorized Specialty Retailer for sale of the Toppik brand of products.  C&D shall not directly distribute Products to any Authorized Specialty Retailer for resale in the United States except through Customer.  C&D represents and warrants that the Products may be lawfully sold in the United States.

	
b.
	
Section 1(a) of the Agreement is hereby amended to include the Toppik brand of products and is restated in its entirety as follows: 

The “Products” shall be certain products of C&D as authorized by C&D, including without limitation the Batiste and Toppik brands of products and such additional products as shall be listed on a “Products and Pricing List” to be delivered by C&D as of the Effective Date and from time to time thereafter pursuant to the terms of this Agreement;

c.Section 2 of the Agreement is hereby amended as follows:

The words and numbers “one hundred and twenty (120) days” shall be replaced with the words and numbers “one hundred and eighty (180) days.”

	
d.
	
Exhibit A referenced in Section 4 of the Agreement is hereby is amended by adding the following products to Exhibit A to the Skin and Hair Care Operating Segment:

Prell® Shampoo and Hair Care Products

Denorex® Dandruff Shampoo and Hair and Scalp Care Products

Zincon® Dandruff Shampoo and Hair and Scalp Care Products

e.Section 6(b) of the Agreement is hereby amended and restated in its entirety as follows:

(b) C&D shall supply the Products to Customer in the manner in which C&D supplies the Products to its own accounts (e.g. C&D may supply Products to Customer which may include promotional offers that C&D provides to its own accounts), subject to paragraph 7(c) hereof; provided however, that if Customer reasonably determines that an Authorized Specialty Retailer will not be able to accommodate a promotional offer, Customer shall not be obligated to purchase Products from C&D subject to such promotional offers and C&D shall endeavor to provide substitute Products to Customer that are not subject to such promotional offers.  Customer shall be solely responsible for any and all of the requirements of the Authorized Specialty Retailers including, but not limited to, maintenance and service or packaging of the Products and any modifications to packaging by Customer shall be the sole responsibility of Customer and be in compliance with all laws and requirements of Authorized Specialty Retailers.    

f.Section 6(e) of the Agreement is hereby amended and restated in its entirety as follows:

(e) Beginning on October 3, 2016 and on a monthly basis thereafter, Customer will provide C&D with a twelve (12) month rolling order forecast of Customer’s projected demand for such twelve (12) month period (each a "Forecast").  The projected demand for the first three (3) months of each Forecast will set forth the total quantity of Products that Customer will order for delivery, pursuant to a purchase order, during such three (3) month period and will represent a commitment by Customer to purchase and pay for the quantity of Products indicated therein and delivered by C&D (the "Binding Forecast").  The Binding Forecast will specify the quantities for each Product required on a monthly basis.  The remaining nine (9) months of each such Forecast will be a non-binding, good faith estimate of the quantity of Products that Customer expects to order for delivery during such period (the "Estimated Forecast").

g.Section 6(f) shall be added to the Agreement immediately following Section 6(e) as follows:

(f) Beginning on October 1, 2016, Customer shall transition responsibility for sales of Batiste to salon customers and certain other customers to C&D, as reflected on the updated list of Authorized Specialty Retailers to be delivered as of the Amendment Effective Date; provided that all sales to salon customers and certain other customers as reflected on the updated list of Authorized Specialty Retailers to be delivered as of the Amendment Effective Date shall be for the benefit of Customer under the terms of the Agreement as amended through December 31, 2016.

	
 
	
3.
	
Pricing.  As of the Amendment Effective Date, C&D shall deliver an updated Products and Pricing List approved by Customer.

	
 
	
4.
	
Ratification. Except as specifically amended hereby, the Agreement shall remain in full force and effect, without modification, and is hereby ratified and confirmed.

	
 
	
5.
	
Amendment.  In the event of a conflict between a provision of the Agreement and this Amendment, the provisions of this Amendment shall control.  Any prior or other agreements or representations between the parties regarding such matters shall be null and void unless expressly set forth in this Amendment.

	
 
	
6.
	
Counterparts.  This Amendment may be executed and delivered in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

	
 
	
7.
	
Entire Agreement.  This Amendment, including the schedules hereto, and the Agreement, which as described herein, shall remain in effect and govern the terms of distribution of Batiste and Toppik products by Customer, contain the entire understanding of the parties with respect to the subject matter of this Amendment and the Agreement and supersede all prior agreements and understandings between the parties hereto with respect to the transactions contemplated by this Amendment and the Agreement.  There are no representations, promises, warranties, covenants or undertakings other than those expressly set forth in or provided for in this Amendment and the Agreement.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective duly authorized representatives as of the date first written above.

NEOTERIC COSMETICS, INC.CHURCH & DWIGHT CO., INC

By: /s/ Mark GoldsteinBy: /s/ William A. Beschner

Name: Mark GoldsteinName: William A. Beschner

Title: President & CEOTitle: VP Sales Planning & DevelopmentEXECUTIVE EMPLOYMENT AGREEMENT 

The Executive Employment Agreement (the
Agreement) is between Tech Central, Inc., a Wyoming Corp. (the “Company”) and Joe Lewis (the “Employee”).
effective as of May 6, 2014 (the “Effective Date”)

RECITALS:

WHEREAS, the Company desires that the
Employee become the Chairman and Chief Executive Officer of the Company.

WHEREAS, the Employee desires to accept
such role under the terms hereof.

NOW, THEREFORE, in consideration of the promises and mutual
agreements herein set forth, the parties hereby agree as follows:

1. Term of Employment. The period of employment of Employee
by the Company under the Agreement (the Employment Period) shall be deemed to have commenced on the Effective Date and shall terminate
when the Board of Directors or shareholders vote to terminate.

2. Duties. During his employment by the Company, the Employee
shall perform such duties as are customary and typical by an officer of a publicly traded company, and shall discharge such duties
in a professional and diligent manner at all times, to the best of his abilities. Employees employment shall also be subject
to the policies maintained and established by the Company, if any, as the same may be amended from time to time. In keeping with
these duties, Employee shall make full disclosure to the Board of Directors of all business opportunities pertaining to the business
of the Company or its Affiliates and should not appropriate for Employees own benefit business opportunities that fall
within the scope of the businesses conducted by the Company and its Affiliates.

3. Compensation. The Company shall pay to Employee a
base salary of $2,000 per month, plus applicable bonuses as are awarded by the Board of Directors from time to time based on
performance, which may either be paid in stock or cash at the discretion of the Board. In addition the Company shall pay to
employee compensation in the form of 6,100,000 restricted shares of common stock at a par value of $.001. Additionally, the
Company and employee agree that should the Company elect to cease payments of stated salary to employee for any reason, said
salary shall not accrue at the time of cessation unless the Company approves the accrual of salary or approves the salary
being reinstated. Regardless, salary and stock issuance shall be due upon the execution of this agreement.

4. Reimbursement For Expenses. The Company shall reimburse
the Employee within 30 days of the submission of appropriate documentation, and in no event later than the last day of the calendar
year following the year in which an expense was incurred, for all reasonable and approved travel and entertainment expenses and
other disbursements incurred by him for or on behalf of the Company in the course and scope of his employment under the Agreement.

5. Termination of Agreement.

(a) Death. The Agreement shall automatically
terminate upon the death of Employee.

(b) Disability. If, as a result of Employees incapacity
due to physical or mental illness, Employee shall have been substantially unable, either with or without reasonable accommodation,
to perform his duties hereunder for an entire period of six (6) consecutive months, and within thirty (30) days after
written Notice of Termination is given after such six (6) month period, Employee shall not have returned to the

substantial performance of his duties on a full-time basis, the
Company shall have the right to terminate Employees employment hereunder for Disability, and such termination in and of
itself shall not be, nor shall it be deemed to be, a breach of the Agreement. Any dispute between the Employee and the Company
regarding whether Employee has a Disability shall be determined in writing by a qualified independent physician mutually acceptable
to the Employee and the Company. If the Employee and the Company cannot agree as to a qualified independent physician, each shall
appoint a physician and those two physicians shall select a third who shall make such determination in writing. The determination
of Disability made in writing to the Company and Employee shall be final and conclusive for all purposes of the Agreement. Employee
acknowledges and agrees that a request by the Company for such a determination shall not be considered as evidence that the Company
regarded the Employee as having a Disability.

(c) Termination By Company For Cause.
The Company may terminate the Agreement upon written notice to Employee at any time for ÒCauseÓ in accordance with
the procedures provided below;

(d) For purposes of the Agreement, “Cause”
shall mean:

(i) the material breach of any provision
of the Agreement by Employee which has not been cured within five business (5) days after the Company provides notice of the
breach to Employee; provided, however, if the act or omission that is the subject of such notice is substantially similar to an
act or omission with respect to which Employee has previously received notice and an opportunity to cure, then no additional notice
is required and the Agreement may be terminated immediately upon the Companys election and written notice to Employee);

(ii) the entry of a plea of guilty or
judgment entered after trial finding Employee guilty of a crime punishable by imprisonment in excess of one year involving moral
turpitude (meaning a crime that includes the commission of an act of gross dishonesty or bad morals);

(iii) willfully engaging by Employee
in conduct that the Employee knows or reasonably should know is detrimental to the reputation, character or standing or otherwise
injurious to the Company or any of its shareholders, direct or indirect subsidiaries and Affiliates, monetarily or otherwise;

(iv) without limiting the generality
of Section 6(d)(i), the breach or threatened breach of any of the provisions of Sections 8, 9 or 10; or

(v) a ruling in any state or federal
court or by an arbitration panel that the Employee has breached the provisions of a non-compete or non-disclosure agreement, or
any similar agreement or understanding which would in any way limit, as determined by the Board of Directors of the Company, the
Employees ability to perform under the Agreement now or in the future.

(e) Termination By Company Without Cause.
The Company, by a vote of a majority of the Board of Directors, may terminate the Agreement at any time, and for any reason, by
providing at least 90 days written notice to Employee.

(f) Termination By Employee With Good
Reason. Employee may terminate his employment with good reason anytime after Employee has actual knowledge of the occurrence, without
the written consent of Employee, of one of the following events (each event being referred to herein as “Good Reason”):

 

(i) Any change in the duties or responsibilities (including reporting
responsibilities) of Employee that is inconsistent in any adverse respect with Employees position(s), duties, responsibilities
or status with the Company immediately prior to such change (including any diminution of such duties or responsibilities) or (B) an
adverse change in Employees titles or offices (including, membership on the Board of Directors) with the Company;

 

(ii) a reduction in Employees Base
Salary or Bonus opportunity;

(iii) the relocation of the Companys
principal executive offices out of Wyoming;

(iv) the failure of the Company to continue
in effect any material employee benefit plan, compensation plan, welfare benefit plan or fringe benefit plan in which Employee
is participating immediately prior to the date of the Agreement or the taking of any action by the Company which would adversely
affect Employees participation in or reduce Employees benefits under any such plan, unless Employee is permitted
to participate in other plans providing Employee with substantially equivalent benefits;

(v) any refusal by the Company to continue
to permit Employee to engage in activities not directly related to the business of the Company which Employee was permitted to
engage in prior to the date of the Agreement;

(vi) the Companys failure to
provide in all material respects the indemnification set forth in the Companys Articles of Incorporation, By-Laws, or any
other written agreement between Employee and Company;

(vii) the failure of the Company to
obtain the assumption agreement from any successor giving rise to a Change of Control as contemplated in Section 10;

(viii) any other breach of a material
provision of the Agreement by the Company.

For purposes of clauses (iii) through
(vi) and (ix) above, an isolated, insubstantial and inadvertent action taken in good faith and which is remedied by the
Company within ten (10) days after receipt of notice thereof given by Employee shall not constitute Good Reason. Employees
right to terminate employment with Good Reason shall not be affected by Employees incapacity due to mental or physical
illness and Employees continued employment shall not constitute consent to, or a waiver of rights with respect to, any
event or condition constituting cause.

7. Effect of Termination. Upon the termination of the Agreement,
no rights of Employee which shall have accrued prior to the date of such termination, including the right to receive any bonus
Fully-Earned through the date of such termination, shall be affected in any way.

 

(a) Upon Death of Employee. During the Term, if Employees
employment is terminated due to his death, Employees estate shall be entitled to receive the Base Salary set forth in Section 3
accrued through the date of death and any bonus Fully-Earned (as herein defined) through the date of such termination; provided,
however, Employees estate shall not be entitled to any other benefits (except as provided by law or separate agreement).
ÒFully-EarnedÓ shall mean that for purposes of determining whether the Employee shall be entitled to a bonus, that
such Employee shall be treated as if he had been employed through the last date of the regular period for determining whether or
not a bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed
by the Company, and him eligibility for an incentive bonus, if any, shall be determined accordingly. Further, a surviving spouse
of Employee shall be eligible for continuation of family benefits pursuant to Section 3(c) subject to compliance with Plan
provisions at the full premium rate (Company plus employee portion) for a one year period after the date of termination.

(b) For Disability; By Company Without
Cause; By Employee with Good Reason.

If the Agreement is terminated under
Section 6 (b), (e) or (f):

(i) Employee shall be entitled
to receive his Base Salary set forth in Section 3 accrued through the date of such termination and any bonus Fully-Earned
through the date of such termination, and shall receive a severance equal to 12 months salary, paid out in 12 equal monthly installments;
and

(ii) Except as provided for in
the Section 7(b), Employee shall not have any rights which have not previously accrued upon termination of the Agreement.

(c) By Company With Cause. In the event of termination
of Employees employment Section 6(c) Employee shall be entitled to receive the Base Salary and benefits set forth
in Section 3 accrued through the date of termination, and he shall not be entitled to any other benefits (except as required
by law).

8. Confidential Information.

(a) The Company shall disclose to Employee, or place
Employee in a position to have access to or develop, trade secrets or confidential information of Company or its Affiliates; and/or
shall entrust Employee with business opportunities of Company or its Subsidiaries; and/or shall place Employee in a position to
develop business good will on behalf of Company or its Subsidiaries.

 

(b) The Employee acknowledges that in his employment
hereunder he occupies a position of trust and confidence and agrees that he will treat as confidential and will not, without prior
written authorization from the Company, directly or indirectly, disclose or make known to any person or use for her own benefit
or gain, the methods, process or manner of accomplishing the business undertaken by the Company or its Subsidiaries, or any non-public
information, plans, formulas, products, trade secrets, marketing or merchandising strategies, or confidential material or information
and instructions, technical or otherwise, issued or published for the sole use of the company, or information which is disclosed
to the Employee or in any way acquired by him during the term of the Agreement, or any information concerning the present or future
business, processes, or methods of operation of the Company or its Subsidiaries, or concerning improvement, inventions or know
how relating to the same or any part thereof, it being the intent of the Company, with which intent the Employee hereby agrees,
to restrict him from disseminating or using for his own benefit any information belonging directly or indirectly to the Company
which is unpublished and not readily available to the general public.

9. Successors and Assigns. The Agreement is personal in its
nature and neither of the parties hereto shall, without the consent of the other, assign or transfer the Agreement or any rights
or obligations hereunder, provided, however, that the provisions hereof shall inure to the benefit of, and be binding upon, each
successor of the Company, whether by merger, consolidation, acquisition or otherwise, unless otherwise agreed to by the Employee
and the Company.

10. Notices. Any notice required or permitted to be given
to the Employee pursuant to the Agreement shall be sufficiently given if sent to the Employee by registered or certified mail addressed
to the Employee, and any notice required or permitted to be given to the Company pursuant to the Agreement shall be sufficiently
given if sent to the Company by registered or certified mail.

11. Invalid Provisions. The invalidity or unenforceability
of a particular provision of the Agreement shall not affect the enforceability of any other provisions hereof and the Agreement
shall be construed in all respects as if such invalid or unenforceable provision were omitted.

12. Amendments To The Agreement. The Agreement may only be
amended in writing by an agreement executed by both parties hereto.

13. Entire Agreement. The Agreement contains the entire agreement
of the parties hereto and supersedes any and all prior agreements, oral or written, and negotiations between said parties regarding
the subject matter contained herein.

14. Applicable Law and Venue. The Agreement is entered into
under, and shall be governed for all purposes, by the laws of the State of Wyoming.

15. No Waiver. No failure by either party hereto at any time
to give notice of any breach by the other party of, or to require compliance with, any condition or provision of the Agreement
shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

16. Severability. If a Court of competent jurisdiction determines
that any provision of the Agreement is invalid or unenforceable, then the invalidity or unenforceability of that provision shall
not affect the validity or unenforceability of any other provision of the Agreement, and all other provisions shall remain in full
force and effect.

 

17. Counterparts. The Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which together will constitute one in the same agreement.

 

18. Withholding of Taxes and Other Employee Deductions. The Company
may withhold from any benefits and payments made pursuant to the Agreement all federal, state, city and other taxes as may be required
pursuant to any law or governmental regulation or ruling.

19. Indemnification. The Company shall indemnify Employee
from any claims, demands or liabilities of any kind or nature arising out of his employment with the Company, that are not the
result of his own actions, or actions within his control.

20. Gender Correction and Neutrality. This Agreement may contain
one or more references to he or she, or his or her. It is stipulated and agreed that Employee is a male, and all such references,
to the extent they are inconsistent with this, shall be deemed to be corrected

In witness whereof, the parties hereto
have executed the Agreement as of the day and year above written.

 

 

Tech Central, Inc.

 

 

\s\ Joe Lewis

Name:Joe Lewis

Title:President

 

Employee:

 

 

\s\ Joe Lewis

Name:Joe Lewis

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