Document:

EXHIBIT 10.1

 

INDEPENDENT CONTRACTOR AGREEMENT

 

This Independent Contractor
Agreement ("Agreement") is between FUTUREWORTH CAPITAL CORP., (the "Contractor") and Can-Cal Resources Ltd.
(the "Company"), each individually a "Party", and collectively the "Parties", and shall be effective
as of the 30th day of June, 2010 (the "Effective Date").

 

1.       Services.

 

(a)                Company
hereby engages Contractor to perform the services described in Schedule A to this Agreement (the "Services").
Contractor shall perform all of the Services promptly, in a professional and workmanlike manner.

 

(b)               Upon
Company's request, Contractor shall submit work progress reports. All reports and other written work product generated by
Contractor shall be set forth on a form designated by Company, unless Company agrees, in advance, to Contractor's use of
different forms.

 

2.       Payment for Services,
Expenses and Audit.

 

(a)                As
compensation for the performance of the Services, Company shall pay Contractor the compensation specified in Schedule B to
this Agreement.

 

(b)               Company
shall reimburse Contractor for all travel, lodging and meal expenses reasonably and necessarily incurred by Contractor in
connection with Contractor's performance of the Services, including automobile mileage. Company shall reimburse Contractor
for expenses for each job after presentation of an itemized statement detailing the amount of such expenses and their
relationship to Contractor's performance of the Services. Contractor shall keep complete records of the expenses incurred in
performing the Services, and shall endeavor to provide receipts for all such expenses exceeding $50.00. Contractor shall be
responsible for providing his own equipment and materials including computer, software, fax machine, office space in his home
jurisdiction, cellular phone or other office supplies necessary for the performance of the Services.

 

(c)                Except
as otherwise provided in Schedule B, Contractor shall submit expense invoices to Company at such times as Company may
reasonably require. All such invoices shall reflect actual mileage driven, expenses (segregated by type of expense)
incurred, and disposition of any funds advanced by Company. Company shall pay each such invoice within 15 days.

 

(d)               Company,
through the Board of Directors or the Chairman of the Audit Committee, shall have the right, at any time prior to or within
six (6) months after making payment hereunder, to audit any and all records, books and invoices related thereto.

 

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3.       Term and Termination.

 

(a)                The
"Term" of this Agreement shall commence on the Effective Date for a period of twelve months (12) months until the
30th day of June, 2011 and continue until the earlier of the completion of the Services or the termination of this
Agreement as provided in this Paragraph. The Company may terminate this Agreement for any reason or no reason upon three (3)
months written notice ("Notice Period"). The Company may, in its sole discretion, request Contractor to cease
performing Services at any time during the Notice Period. Regardless of whether or not the Company requests that the
Contractor continue to perform Services during the Notice Period, the Company shall continue to pay Compensation (as outlined
in Schedule B) during the Notice Period on the same schedule as outlined in Schedule B. The Contractor may terminate this
Agreement for any reason or no reason upon three (3) months written notice and will fulfill his Services to the best of
the Contractor's abilities during this transition period.

 

(b)               Within
thirty (30) days after the expiration of approximately thirteen and one half (13 1/2) months term from the effective date,
the Company shall have the right to review this Agreement and in its sole discretion either continue and extend this
Agreement including all of its terms, terminate this Agreement by providing 3 months Notice as required in Section 3(a), or
offer the Contractor a different agreement. The Compensation Committee (the "Committee") will vote on whether to so
extend, terminate, and/or offer the Contractor a different agreement and will notify the Contractor of such action within
said thirty-day time period mentioned above. This Agreement shall remain in effect until so terminated and/or modified by the
Company. Failure of the Compensation Committee to take any action within said thirty days shall be considered as an extension
of this Agreement for an additional twelve month period, including all of its terms.

 

(c)                If
Company or Contractor terminates this Agreement as set forth in this paragraph, the Company shall pay for all Services
performed, and, subject to the limitations in paragraph 2(b), above, all expenses incurred, up to the effective date of the
termination (the "Termination Date"). Such termination shall not extinguish or diminish the rights and obligations
of the Parties incurred prior to such termination. Any notice of termination or other notice that may be necessary in the
performance of this Agreement may be served as specified below.

 

4.       Independent Contractor Status.

 

(a)               Contractor shall be deemed for all
purposes to be an independent contractor and shall not be an employee of Company. Contractor shall report directly to the
Board of Directors of Company. The Board of Directors of Company shall retain the right to establish plans, specifications
and a completion schedule regarding the Services as agreed in writing by Contractor, but shall not otherwise instruct
Contractor as to how the work shall be performed, or oversee Contractor's work except to monitor compliance with applicable
plans, specifications and completion schedules, and/or to coordinate the performance of the Services with Company's other
business needs and the work of Company's employees and, where applicable, other contractors. Except as provided in the
previous sentence, Contractor shall retain the sole right to control the time and manner in which the Services are provided.
Contractor acknowledges and agrees that as of the Effective Date, Contractor was fully qualified by education and/or
experience to perform the Services with no more than de minimus training provided by Company.

 

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(b)               Contractor
understands and agrees that Contractor shall be ineligible for fringe benefits of any kind offered by Company to any of its
employees, including without limitation parking, auto allowance, health care, life insurance, short term disability or long
term disability. Without limiting the generality of the foregoing, Contractor acknowledges and agrees that Contractor shall
be ineligible to participate in any pension plan, employee stock purchase plan, retirement plan or any other
Company-sponsored plan that by its term limits plan participation to Company employees. Contractor acknowledges that this
paragraph may have important legal consequences for Contractor and that before signing this Agreement, Contractor had a full
and fair opportunity to consult with counsel of Contractor's own choosing concerning the meaning and legal effect of
this paragraph and all other provisions of this Agreement.

 

(c)                Contractor
acknowledges and agrees that Company shall not withhold any payroll, income or other taxes of any kind including FICA, FUTA
from any sum payable to Contractor under this Agreement. Contractor shall be solely responsible for the proper calculation
and payment of all taxes of any kind payable to any government relating to or arising from this Agreement. Contractor shall
pay all such taxes when due.

 

5.       Confidentiality.

 

Company and Contractor
shall hold any proprietary information with respect to the other Party acquired in connection with the negotiation of this Agreement
and the performance of any obligations under this Agreement in confidence until such information otherwise becomes publicly available
or until such time as such parties are legally required to disclose such information. Company and Contractor will use such information
provided by the other only for purposes reasonably related to the transaction or transactions contemplated in this Agreement. Upon
termination of this Agreement, either by expiration of its term or if terminated pursuant to Paragraph 3 herein, each Party shall
use all reasonable efforts to return all documents, including copies, that include any information subject to this Section to the
other Party.

 

6.       Insurance.

 

All of
Contractor's activities under this Agreement shall be at Contractor's own risk, and Contractor shall not be entitled to Workers'
Compensation or other insurance protection provided by Company, unless such insurance covers independent contractors of Company.
During the Term, Contractor shall carry at its own expense workers' compensation insurance as required by law, disability, employment,
and liability insurance.

 

7.       Indemnification.

 

Company
shall be liable for and shall indemnify and hold harmless Contractor, its representatives, shareholders, officers, directors,
employees, and agents for any loss, liability, claim, damage, expense, including but not limited to costs of defense and reasonable
attorneys fees and expenses, or diminution in value, whether or not involving a third party claim, arising from or in connection
with any breach or non-performance by Company of its obligations, representations, promises, warranties, or other agreements set
forth in this Agreement, or for acts of Contractor constituting ordinary negligence (but not for the acts of Contractor constituting
gross negligence or fraud).

 

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8.       Miscellaneous Provisions.

 

(a)              
Additional Warranty and Acknowledgment. Each of the parties hereto warrants and represents to the other party that
such party has been offered no promise or inducement except as expressly provided in this Agreement, and that this Agreement is
not in violation of or in conflict with any other agreement of such party.

 

(b)              
Other Agreements. Each party hereto shall promptly execute, acknowledge and deliver any additional document or agreement
that is reasonably necessary to carry out the purpose or effect of this Agreement. This agreement between Company and Contractor
is deemed non-exclusive. Company acknowledges and grants Contractor's right & privilege to participate in other professional
ventures simultaneous to this endeavor provided the Contractor performs the Services on behalf of Company in a timely manner and
is not placed in a conflict of interest with similar services on behalf of other companies.

 

(c)              
Attorneys' Fees. In any action relating to or arising from this Agreement, or involving its application, the party
substantially prevailing shall recover from the other party, and the court shall award, the expenses incurred by the prevailing
party in connection with the action, including, without limitation, court costs and reasonable attorneys' fees.

 

(d)              
Governing Law The validity, interpretation, and performance of this Agreement shall be governed by and construed
in accordance with the laws of the Province of Alberta, without the application of any principle that may lead to the application
of the laws of any other jurisdiction.

 

(e)              
Jurisdiction; Service of Process. Any proceeding arising out of or relating to this Agreement shall be brought in
the Court of Queens Bench of the Province of Alberta. Both Company and Contractor irrevocably submit to the exclusive jurisdiction
of each such Court in any such proceeding, and expressly waives any objection it may now or hereafter have to venue or to convenience
of form and aggress that all claims arising out of or relating to this Agreement shall be heard and determined only in any such
Court. The Parties agree that either or both of them may file a copy of this paragraph with any Court as written evidence of the
knowing, voluntary and bargained for agreement between the Parties to irrevocably waive any objections to venue or to convenience
of forum. Process in any proceeding arising out of or relating to this Agreement may be served on any party anywhere in the world.

 

(f)              
Severability. If any provision of this Agreement is held illegal, invalid or unenforceable, in whole or in part,
by any court or other authority of competent jurisdiction, the parties acknowledge and agree that each and every other provision
of this Agreement shall remain valid and enforceable and that such illegal, invalid or unenforceable provision or portion thereof
shall be limited so as to effect the intent of the parties hereto to the fullest extent permitted by applicable law.

 

(g)              
Waiver; Remedies Cumulative. Neither the failure of any party to insist upon strict compliance with any provision
of this Agreement, nor any delay or omission to exercise any right, power or remedy accruing to any party under this Agreement,
upon any breach or default of any other party under this Agreement, shall impair any such right, power or remedy of such nonbreaching
or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar
breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default theretofore or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to
any party hereto, shall be cumulative and not alternative.

 

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(h)               Construction. Each of the
parties hereto acknowledges that such party has reviewed this Agreement in its entirety and has had a full and fair
opportunity to negotiate its terms and to consult with counsel of its own choosing concerning the meaning and effect of this
Agreement. Each of the parties hereto therefore waives all applicable rules of construction that any provision of this
Agreement should be construed against its drafter, and agrees that all provisions of this Agreement shall be construed as a
whole, according to the fair meaning of the language used.

 

(i)               Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery
to the Party to be notified; (ii) when sent by confirmed electronic mail or facsimile if
sent during normal business hours of the recipient; (iii) three (3) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid; and (iv) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All notices shall be sent to the Parties at the respective
addresses, facsimiles or e-mail addresses as set forth below, or at such other address, facsimile or e-mail address as a Party
may designate by written notice to the other Parties hereto.

 

	If to Company:	If to Contractor:
	 	 
	
        Can-Cal Resources Ltd.

        8205 Aqua Spray Avenue

        Las Vegas, Nevada 89128

        Attn: Mr. G. Michael Hogan

                   Chief Executive Officer

        Facsimile: (702) 243-1849

        Email: mining@lvcoxmail.com
	
        FutureWorth Capital Corp.

        1712 25th Street S.W.

        Calgary, Alberta T3C 1J6

        Attn. William J. Hogan,

                   Director

        Facsimile: (403) 457-1404

        Email: wjhogan@shaw.ca

 

(j)              
Entire Agreement and Modification. This Agreement supersedes all prior agreements, whether written or oral, between the
Parties with respect to its subject matter and constitutes a complete and exclusive statement of the terms of the agreement between
the Parties with respect to its subject matter. This Agreement may not be amended, supplemented or otherwise modified except by
a written agreement executed by the Party to be charged with the amendment, supplement or modification.

 

(k)              
Assignment. Neither Party may assign or transfer its rights, interest, or obligations under this Agreement or delegate
any of its duties under or in connection with this Agreement, without the prior written consent of the other. Notwithstanding
the foregoing, the rights and obligations of this Agreement shall inure to the benefit of and be binding upon the legal representatives,
successors and permitted assigns of both Parties.

 

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(l)              
Counterparts; Signatures. This Agreement may be executed in any number of counterparts, each of which shall be an original,
but all of which together shall constitute one instrument. For purposes of this Agreement, facsimile and electronically transmitted
signatures shall be deemed to be originals for all purposes.

 

IN WITNESS WHEREOF, the Parties have caused this Agreement
to be executed and delivered as of the date first written above.

 

 

 

 

	Can-Cal Resources Ltd.	FutureWorth Capital Corp.
	 	 
	Per: /s/ G.
    Michael Hogan	Per: /s/ William
    J. Hogan
	         G. Michael Hogan	         William J. Hogan
	         Chief Executive Officer	         Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SCHEDULE A

 

Services

 

The Services to be performed by Contractor shall
include the following services. Contractor, through its President, William Hogan, shall

 

		1.	Act as an executive Chairman of the Board of the Corporation in the capacity of funding

management and corporate services requirements (see 2 below for details); and works closely together with the Chief Executive Officer,
G. Michael Hogan in operational matters;
	 	 	 
		2.	An executive Chairman of the Board is and does the following:

 

		·	A full-time officeholder who typically leads the board and also takes a hands-on
role in the company's day-to-day management.

 

		·	Helps the CEO to oversee all the operational aspects involved in running the company, which include
project planning and development delivery, retail and leasing, sales, market research and many other areas within their extensive
scope.

 

		·	Has overall responsibility for the company which involves engineering and controlling the company's
current growth in and future expansion into international markets.

 

		·	Has responsible for overseeing the raising of financial capital necessary for corporate operational
needs to meet Company's objectives; and initiating and developing financial vehicles when necessary.

 

		·	In addition, oversees all projects' development activities and related businesses of the company,
generating significant financial returns for the shareholders and driving sustainable development.

 

Nothing herein shall require
Contractor to work any set number of hours on behalf of Company, nor preclude Contractor from performing the same or similar services
on behalf of other companies during the Term of this Agreement, provided the Contractor performs the Services on behalf of Company
in a timely manner and is not placed in a conflict of interest with Company by performing the same or similar services on behalf
of other companies.

 

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SCHEDULE B

 

Compensation 

 

In consideration of the Services provided
by Contractor, Company shall pay Contractor the following base compensation and incentive compensation as hereinafter described.

 

In consideration for the services
rendered to the Company hereunder by the Contractor, the Company shall, during the term of this Agreement pay the Contractor a
total of Sixty Thousand Dollars ($60,000) USD per year (the "Base Fee"), which shall begin to accrue on the Effective
Date but only payable to the Contractor, on a monthly basis in the amount of US$5,000, commencing on July 01, 2010. Any amount
of Base Fee that has been accrued but not paid shall be paid, regardless of the Company's cash flow, not later than the earlier
of June 30, 2011, or six (6) months after the Contractor's Agreement is terminated for any allowable reason as provided in this
Agreement. For purposes of clarity, in no event shall Contractor's Base Fee be decreased pursuant to the preceding sentences.

 

Common Stock Payment in Lieu of Cash.

 

In the event the Board of Directors
determines that the Company cannot afford to pay the Contractor any portion of the Base Fee, the Contractor may, at its sole option
elect one of the following:

 

		a)	Agree to defer receipt of his Base Fee until such time as the Company has the funds to pay the
Contractor. In the event that Contractor elects this option, the unpaid Base Fee shall be paid with no interest as funds become
available, or until such time the Contractor elects to convert accrued salary; or,

 

		b)	Elect to convert all, or a portion of the unpaid Base Fee into Common Stock at a market value equal
to $0.10 above the average closing trading price of the Common Stock for the preceding five (5) days of the date of such election.
Upon election the certificates must be issued within five (5) business days, and the election cannot be revoked for any reason
whatsoever without forfeiture of the unpaid salary.

 

 

 

 

 

 

 

 

 

 

 

    	8Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement ("Agreement')
is made on this 1st day of July 2010 (the "Effective Date") by and between Can Cal Resources
Ltd, a corporation duly organized and existing under the laws of the State of Nevada (the "Company"), and
G. Michael Hogan ("Executive").

 

RECITALS

 

WHEREAS, the Company desires to
hire Executive and Executive desires to become employed by the Company;

 

WHEREAS, the Company and Executive
have determined that it is in their respective best interests to enter into this Agreement on the terms and conditions as set forth
herein; and

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants and promises contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

	1.		Nature
                                         of Agreement.

 

1.1.Cancellation of Prior
Offers. Any and all prior oral understandings, offers, open obligations, and/or representations (if any) with respect
to the employment of Executive are deemed to be superseded by this final written Agreement.

 

	2.		Employment
                                         Terms and Duties.

 

2.1.Term of Employment.
The employment of Executive, and the term of this Agreement (the "Employment Term"), shall be
commenced upon the Effective Date and shall continue for twelve (12) months, subject to automatic renewal for additional, successive
one (1) month periods, unless either party provides written notice of its intent not to renew, not less than thirty (30) days
prior to the proposed last date of employment and shall continue until otherwise terminated in accordance with Section 6
or Section 7.

 

2.2.Location. Executive
shall not be required to change his personal residence, but shall maintain an office at the location of the Company's principal
executive offices as reasonably necessary to enable him to perform his duties.

 

2.3.Position and Primary Responsibility.

 

2.3.1. It is understood that Executive shall serve as (i) President
and Chief Executive Officer of the Company.

 

2.3.2. Executive, as Chief Operating
Officer, shall report to the Company's Board of Directors and shall manage the operations and the implementation of the operating
strategy of the Company.

 

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2.3.3. Executive shall
have all of the powers and duties of and Officer of the Company as prescribed by the Bylaws of the Company in effect on the date
hereof; and, without limitation, shall have general supervision, direction and control of the business and affairs of the Company;
and shall have power, subject to Board of Directors (the "Board") approval, to legally bind the Company
and its subsidiaries.

 

2.4.Exclusivity. Executive
agrees to devote his full time, attention, energies, and to use his "best efforts" solely and exclusively in the performance
of his duties under the terms of this Agreement. However, the expenditure of reasonable amounts of time for educational, charitable,
or professional activities shall not be deemed a breach of this Agreement if those activities do not materially interfere with
the services required under this Agreement, and shall not require the prior written consent of the Board. This Agreement shall
not be interpreted to prohibit Executive from making passive personal investments or conducting private business affairs if those
activities do not materially interfere with the services required under this Agreement and do not violate Sections 5, 9
and/or 11 of this Agreement.

 

	3.		Compensation.

 

3.1Base Salary. In consideration
for the services rendered to the Company hereunder by Executive, the Company shall, during his employment, pay Executive a salary
at the annual rate of One Hundred Twenty Thousand Dollars ($120,000) (the "Base Salary"), less statutory
deductions and withholdings, which shall begin to accrue on the Effective Date but only payable to Executive, on a semi-monthly
basis, commencing on July I, 2010. Any amount of Base Salary that has been accrued but not paid shall be paid, regardless of the
Company's cash flow, not later than the earlier of June 30, 2011, or six (6) months after the Executive's employment is terminated
for any allowable reason as provided in this Agreement. For purposes of clarity, in no event shall Executive's Base Salary be
decreased pursuant to the preceding sentences.

 

3.2. Payment. All
compensation payable to Executive hereunder shall be subject to the Company's rules and regulations, and shall also be subject
to all applicable state and federal employment law(s); it being understood that subject to applicable federal and state laws,
Executive shall be responsible for the payment of all taxes resulting from a determination that any portion of the compensation
and/or benefits paid/received hereunder is a taxable event to Executive; it being further understood that Executive shall hold
the Company harmless from any governmental claim(s) for Executive's personal tax liabilities, including interest or penalties,
arising from any failure by Executive to pay his individual taxes when due.

 

3.2.1 Common Stock payment
in lieu of cash. In the event the Board of Directors determines that the Company cannot afford to pay the Executive any
portion of his Base Salary, Executive may, at his sole option elect one of the following:

 

	a)		Agree to defer receipt of his Base Salary until such time as the Company has the funds
to pay him. In the event that Executive elects this option, the unpaid salary shall be paid with no interest as funds become available,
or until such time Executive elects to convert accrued salary; or,

 

	b)		Elect to convert all, or a portion of the unpaid salary into Common Stock at a market
value equal to $0.10 above the average closing trading price of the Common Stock for the preceding five (5) days of the date of
such election. Upon election the certificates must be issued within five (5) business days, and the election cannot be revoked
for any reason whatsoever without forfeiture of the unpaid salary.

 

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3.3Reimbursement of Expenses. During
the Employment Term, the Company shall be required to reimburse Executive for all reasonable and necessary expenses incurred by
Executive, including travel expenses and other reasonable and customary expenses for up to Five thousand dollars ($5,000.00) per
month connection with Executive's duties under this Agreement, without the prior majority approval of the Board. These expenses
shall commence accruing to the Company upon the Effective Date.

 

3.4Cash Bonuses.
Executive shall have a bonus entitlement during each calendar year (or portion thereof) of the Employment Term (whether paid
or accrued) for such year (or portion thereof), subject to the Board's performance review of the Executive and approval of the
cash bonus. Within thirty (30) days of the Effective Date, the Company and Executive shall mutually concur, within their respective
reasonable discretion, on the criteria and procedures applicable to establishment of Executive's entitlement to such amount for
the then current calendar year; thereafter, within thirty (30) days prior to the commencement of each calendar year of the Employment
Term, the Company and Executive shall mutually concur, within their respective reasonable discretion, on the criteria and procedures
applicable to establishment of Executive's entitlement to such amount for the ensuing calendar year. Such criteria shall include,
without limitation: (i) specified revenue targets for the Company during the applicable period; (ii) specified EBITDA targets
for the Company during the applicable period (as defined pursuant to consensus between the Company and Executive); and (iii) such
additional specified targets as the Company and Executive shall mutually determine. Any such cash bonuses shall be paid by the
Company no later than March 15th of the taxable year commencing after the year in which the Executive's right to such payment
becomes vested.

 

3.5Compensation Review.
It is understood and agreed that Executive's performance will be reviewed by the Board at the end of each calendar year during
the Employment Term, and at such other times as the Board may determine to be appropriate, for the purpose of determining whether
or not Executive's Base Salary and/or cash bonuses should be increased; it being further understood that the decision to increase
Executive's compensation shall be at the sole and exclusive discretion of the Board. If the Executive's Base Salary is increased,
the new amount shall become the Base Salary for all purposes of this Agreement. The Executive's Base Salary shall not be decreased.

 

	4.		Benefits.

 

4.1No Benefits Other Than Those Set Forth
Herein. Executive shall not be entitled to any benefits other than those set forth in this Section 4; provided
that Executive shall be entitled to participate in any employee benefit plans or perquisites maintained by the Company on the
same basis as other senior executives. It is understood that, excepting Section 4.3, all benefits provided in this Section
4 shall immediately terminate in the event of a Voluntary Termination or a Termination for Cause, as defined in Section
6.2 and Section 6.4, respectively.

 

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4.2Vacation.
Executive shall be entitled to fifteen (15) days paid vacation per annum. Any unused vacation time may be carried forward to the
following year, but must be used within such following year or be permanently forfeited.

 

4.3Indemnification.
The Company agrees to indemnify Executive to the fullest extent permitted by law and by the Company's Bylaws. The Company
shall not amend its Bylaws to reduce the Company's ability to indemnify Executive after the Effective Date. The obligations of
this Section 4.3 shall survive any termination of the Employment Term for any reason.

 

4.4.Illness or Personal
Leave. Executive shall be entitled to five (5) days per year as sick leave or personal leave with full pay. Sick or personal
leave may not be accumulated from year to year. In addition, the Company shall pay the cost of an annual physical examination
for Executive.

 

4.5Paid Holidays.
Executive shall be entitled to a holiday on the following days, with full pay: New Year's Day, Memorial Day, Independence
Day, Labor Day, Thanksgiving Day, the Friday after Thanksgiving Day and Christmas Day with the exception that if the holiday falls
on a weekend the holiday will be extended to the following Monday.

 

	5.		Confidential
                                         Information and Records.

 

5.1Existing or Potential Conflict of Interest.
Executive represents that his employment with the Company under the terms of this Agreement will not conflict with any continuing
duty(ies) or obligation(s) Executive has with any other person(s), firm(s) and/or entity(ies). Executive also represents that
he has not brought to the Company (during the period before or after the Effective Date of this Agreement) any material(s) and/or
document(s) of any former employer(s), or any confidential information or property belonging to other(s).

 

5.2Confidential Information.
Executive also represents that he will not disclose to any person(s) or entity/entities (other than to the Board, or to others
as required in the performance of his duties) any confidential or secret information with respect to the business or affairs of
the Company and/or its product(s).

 

5.3Corporate Related
Records. All records, files, documents, and the like, or abstracts, summaries, or copies thereof relating to the business
of the Company which Executive shall prepare or use or come into contact with shall remain the sole property of the Company.

 

	6.		Termination.
                                         Executive's employment and this Agreement (except as otherwise provided
                                         hereunder) shall terminate upon the occurrence of any of the following, at the time set
                                         forth therefor (the "Termination Date"):

 

6.1Death or Disability. Immediately
upon the death of Executive or six (6) months subsequent to a determination by the Company that Executive has ceased to be able
to perform the essential functions of his duties, with or without reasonable accommodation, due to a mental or physical illness
or incapacity ("Disability") (termination pursuant to this Section 6.1  being referred to herein
as termination for "Death or Disability");

 

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6.2Voluntary
Termination. Thirty (30) days following Executive's written notice to the Company of voluntary termination of employment;
provided, however, that the Company may waive all or a portion of the thirty (30) days' notice and accelerate the effective date
of such termination (and the Termination Date) (termination pursuant to this Section 6.2 being referred to herein as "Voluntary
Termination").

 

6.3Resignation
for Good Reason. The date specified in a written notice given by the Executive to the Company that he is resigning for
Good Reason, as hereinafter defined. For purposes of this Agreement, "Good Reason" shall mean (i) the Company's
material breach of this Agreement not cured within thirty (30) days after written notice to the Company, or (ii) any of the following
without the prior written consent of the Executive: the Company's adverse change in Executive's title from Chief Executive Officer
or its equivalent or the Company's assignment of duties materially inconsistent with the Executive's executive duties. Termination
pursuant to this Section 6.3 is referred to herein as "resignation for Good Reason." Resignation for Good Reason
pursuant to this Section 6.3 shall be in addition to and without prejudice to any other right or remedy to which the Executive
may be entitled at law, in equity, or under this Agreement.

 

6.4Termination For
Cause. The Company may terminate the Executive effective immediately following notice of Termination For Cause (as defined
below), which notice shall specify such Cause (termination pursuant to this Section 6.4 being referred to herein as "Termination
For Cause"). As used herein, Termination For Cause shall mean any of the following acts by the Executive or occurrences,
and no others: (i) acts or omissions constituting willful misconduct on the part of the Executive with respect to Executive's
obligations or otherwise relating to the business of the Company; (ii) Executive's breach of this Agreement that Executive has
not cured within thirty (30) days after the Board has provided Executive written notice of such material breach; (iii) Executive's
conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral
turpitude; and (iv) Executive's breach of fiduciary duty to the Company. For purposes of clause (i) of the definition, acts or
omissions of Executive shall not be considered "willful" unless done or omitted by Executive (a) intentionally or not
in good faith and (b) without reasonable belief that Executive's action or omission was in the best interests of the Company,
and shall not include failure to act by reason of total or partial incapacity due to a physical or mental condition. Termination
pursuant to this Section 6.4 shall be in addition to and without prejudice to any other right or remedy to which the Company
may be entitled at law, in equity, or under this Agreement.

 

6.5Termination Without
Cause. Thirty (30) days following the Company's written notice during the initial twelve (12) month Employment Term, at
any time for any reason or no reason, to the Executive of termination of the Executive's employment without Cause; provided, however,
that the Executive may waive all or a portion of the thirty (30) days' notice and accelerate the effective date of such termination
(and the Termination Date) (termination pursuant to this Section 6.5 being referred to herein as "Termination Without
Cause").

 

    	5

    	 

    

 

 

	7.		Severance
                                         and Termination.

 

7.1Voluntary Termination or Termination for Cause.
In the case of a termination of Executive by Voluntary Termination of employment hereunder, in accordance with Section 6.2 above,
or a termination of Executive's employment hereunder through Termination For Cause in accordance with Section 6.4 above,
Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar
compensation attributable to such termination, other than Base Salary earned but unpaid (including any amount that has been accrued
pending the completion of financings pursuant to Section 3.1), accrued but unused vacation to the extent required by the
Company's policies, any non-reimbursed expenses incurred by Executive as of the Termination Date that were not approved by the
Board, or any amounts payable upon termination of employment under any employee benefit plan of the Company. Any expenses that
are approved by the Board or are incurred in accordance with Section 3.3 shall be paid in cash in a lump sum not later than
thirty (30) days after the Termination Date, except as otherwise provided in any employee benefit plan.

 

7.2Termination for
Death or Disability. In the case of a termination of employment for Death or Disability in accordance with Section
6.1 above, the Executive (or a representative of his estate), shall receive (i) accrued but unused vacation to the extent
required by the Company's policies, (ii) any non-reimbursed expenses incurred by Executive as of the Termination Date that were
approved by the Board, (iii) any amounts payable upon termination of employment under any employee benefit plan of the Company,
(iv) payment by the Company of any lease termination costs and expenses attendant to any residence leased by Executive pursuant
to Section 2.2 (the "Accrued Obligations"). Accrued Obligations shall be payable in cash in a lump
sum not later than thirty (30) days after the Termination Date, except as otherwise provided in any employee benefit plan. In
addition, Executive shall receive an amount equal to Executive's target annual bonus for the year in which the Termination Date
occurs prorated on a daily basis to the Termination Date, which shall be paid in cash within thirty (30) days of the Termination
Date and all shares of Incentive Stock not yet vested shall vest in full on the Termination Date.

 

7.3Termination Without
Cause or Resignation for Good Reason. In the case of a termination of Executive's employment hereunder without Cause pursuant
to Section 6.5, or resignation for Good Reason pursuant to Section 6.3, Executive shall receive (i) the Accrued
Obligations, (ii) plus the target bonus prorated to the Termination Date for the year in which the Termination Date occurs, which
shall be paid in cash within thirty (30) days of the Termination Date.

 

7.4Compliance with
Code Section 409A. To the extent required by Section 409A of the Internal Revenue Code, any amount that would otherwise
be payable within six months following Executive's termination of employment shall be paid instead on the date that is six months
following his termination of employment, with interest from the date on which such amount would otherwise have been paid at the
prime rate of interest published in the Wall Street Journal from time to time.

 

	8.		Release of Claims.

 

8.1Upon a termination of employment, other than a
Termination for Cause, the Company and the Executive shall execute mutual releases of all claims against each other, except for
claims for any violation of law, in a form reasonably satisfactory to both parties.

    	6

    	 

    

    

	9.		Non-competition,
                                         Non-solicitation.

 

9.1Non-Competition. As a stipulated
condition of employment, Executive agrees that he shall not, during the Employment Term and for twelve (12) months subsequent
thereto, without both the disclosure to and the written approval of the Board of the Company, directly or indirectly, engage or
be interested in (whether as a principal, lender, employee, officer, director, partner, venturer, consultant or otherwise) any
business(es) that is competitive with the business of the Company or any company affiliated with the Company.

 

9.2Direct Interests.
Executive also represents that during the term of this Agreement, he will promptly disclose to the Board of the Company, complete
information concerning any direct or indirect interest that he holds, if any, in any business which provides service(s) and/or
product(s) to the Company (whether as a principal, stockholder, lender, employee, Director, Officer, partner, venturer, consultant
or otherwise).

 

9.3Non-Solicitation.
Executive agrees that he will not, for a period of twelve (12) months following the Termination Date, contact or solicit orders,
sales or business from any customer of the Company.

 

	10.		Inventions. Discoveries and Improvements.

 

Any and all invention(s), discovery(ies)
and improvement(s), whether protectable or unprotectable by Patent, trademark, copyright or trade secret, made, devised, or discovered
by Executive, whether by Executive alone or jointly with others, from the time of entering the Company's employ until the earlier
of the Termination Date of this Agreement or the actual date of termination of employment, relating or pertaining in any way to
Executive's employment with the Company, shall be promptly disclosed in writing to the Board of the Company, and become and remain
the sole and exclusive property of the Company. Executive agrees to execute any assignments to the Company, or its nominee, of
the Executive's entire right, title, and interest in and to any such inventions, discoveries and improvements and to execute any
other instruments and documents requisite or desirable in applying for and obtaining Patents, trademarks or copyrights at the
cost of the Company, with respect thereto in the United States and in all foreign countries, that may be requested by the Company.
Executive further agrees, whether or not then in the employment of the Company, to cooperate to the fullest extent and in the
manner that may be reasonably requested by the Company in the prosecution and/or defense of any suit(s) involving claim(s) of
infringement and/or misappropriation of proprietary rights relevant to Patent(s), trademark(s), copyright(s), trade secret(s),
processes, and/or discoveries involving the Company's product(s); it being understood that all reasonable costs and expenses thereof
shall be paid by the Company. The Company shall have the sole right to determine the treatment of disclosures received from Executive,
including the right to keep the same as a trade secret, to use and disclose the same without a prior Patent Application, to file
and prosecute United States and foreign Patent Application(s) thereon, or to follow any other procedure which the Company may
deem appropriate. In accordance with this provision, Executive understands and is hereby further notified that this Agreement
does not apply to an invention which the employee developed entirely on his own time without using the Company's equipment, supplies,
facilities, or trade secret information.

 

    	7

    	 

    

	11.		Proprietary
                                         Information and Trade Secrets.

11.1 Confidential Company
Property. Executive hereby acknowledges that all trade, engineering, production, and technical data, information or "know-how"
including, but not limited to, customer lists, sales and marketing techniques, vendor names, purchasing information, processes,
methods, investigations, ideas, equipment, tools, programs, costs, product profitability, plans, specifications, Patent Application(s),
drawings, blueprints, sketches, layouts, formulas, inventions, processes and data, whether or not reduced to writing, used in
the development and manufacture of the Company's products and/or the performance of services, or in research or development, are
the exclusive secret and confidential property of the Company, and shall be at all times, whether after the Effective Date or
after the Termination Date, be kept strictly confidential and secret by Executive.

 

11.2 Return of Property.
Executive agrees not to remove from the Company's office or copy any of the Company's confidential information, trade secrets,
books, records, documents or customer or supplier lists, or any copies of such documents, without the express written permission
of the Board of the Company. Executive agrees, at the Termination Date, to return any property belonging to the Company, including,
but not limited to, any and all records, notes, drawings, specifications, programs, data and other materials (or copies thereof)
pertaining to the Company's businesses or its product(s) and service(s), generated or received by Executive during the course
of his employment with the Company.

 

11.3 Non-Disclosure.
Executive represents and agrees that during the term of this Agreement, and after the Termination Date, he will not report,
publish, disclose, use, or transfer to any person(s) or entity(ies) any property or information belonging to the Company without
first having obtained the prior express written consent of the Company to do so; it being understood, however, that information
which was publicly known, or which is in the public domain, or which is generally known, shall not be subject to this restriction.

 

	12.		Information of Others.

 

Executive agrees that the Company does
not desire to acquire from Executive any secret or confidential information or "know-how" of others. Executive, therefore,
specifically represents to the Company that he will not bring to the Company any materials, documents, or writings containing any
such information. Executive represents and warrants that from the Effective Date of this Agreement he is free to divulge to the
Company, without any obligation to, or violation of, the rights of others, information, practices and/or techniques which Executive
will describe, demonstrate or divulge or in any other manner make known to the Company during Executive's performance of services.
Executive also agrees to indemnify and hold the Company harmless from and against any and all liabilities, losses, costs, expenses,
damages, claims or demands for any violation of the rights of others as it relates to Executive's misappropriation of secrets,
confidential information, or "know-how" of others.

 

	13.		Notice.

 

All notices and other communications under
this Agreement shall be in writing and shall be delivered personally or mailed by registered or certified mail, return receipt
requested, and shall be deemed given when so delivered or mailed, to a party at his or its address as follows (or at such other
address as a party may designate by notice given hereunder):

 

    	8

    	 

    

 

	If to Executive:		G. Michael Hogan

8205 Aqua Spray Avenue

Las Vegas, NV 89128

 

	With a copy to:		G. Michael Hogan

30 Allangrove Crescent

Toronto, Ontario, Canada M1W 1S5

 

	If to the Company:	CAN-CAL RESOURCES LTD.

8205 Aqua Spray Avenue

Las Vegas, NV, 89128

 

	With a copy to:		Christine
C. Donovan

Can-Cal Resources Ltd.

8205 Aqua Spray Avenue

Las Vegas, NV 89128

 

	14.		Resolution of Disputes.

 

Any controversy between the Company
and Executive arising out of or relating to any of the terms, provisions or conditions of this Agreement shall first be attempted
to be resolved informally between the parties. In the even the parties are not able to resolve the controversy informally within
10 days; the matter shall be mediated, with each party appointing a mediator for said purpose. K within 20 days of the appointment
of mediators the parties continue to be unable resolve their controversy, the matter shall be submitted to arbitration in accordance
with the American Arbitration Association's National Arbitration Rules for the Resolution of Employment Disputes. Only a person
who is a practicing lawyer admitted to a state bar may serve as the arbitrator. On the written request of either party for arbitration
of such a claim pursuant to this paragraph, the Company and Executive shall both be deemed to have waived the right to litigate
the claim in any federal or state court. The expenses of arbitration and reimbursement of a prevailing party's reasonable legal
fees and expenses shall be as determined by the arbitrator in the arbitrator's sole discretion. Any result reached by the
arbitrator shall be binding on all parties to the arbitration, and no appeal may be taken. It is agreed that any party to any
award rendered in such arbitration proceeding may seek a judgment upon the award and that judgment may be entered thereon by any
court having jurisdiction. The arbitration shall be conducted at either the Executive's principal place of residence or the Company's
principal place of business, or at such other location as the parties may mutually agree. The parties agree that the required
attempts at informal resolution and mediation shall constitute mandatory conditions precedent to application of the arbitration
provisions set forth herein.

 

    	9

    	 

    

   

	15.		Miscellaneous.

 

15.1. Post Termination Obligations.Notwithstanding
the termination of Executive's employment hereunder, the provision(s) of Section(s) 4.3, 5, 9, 10, 11, and 14 shall survive
the Termination Date.

 

15.2. No Assignment. This
Agreement shall not be assignable. Further, Executive understands and agrees that this Agreement is exclusive and personal to
him only, and, as such, he will neither assign nor subcontract all or part of his undertaking(s) or obligation(s) under the terms
of this Agreement.

 

15.3. Entire Agreement.
Each party acknowledges that this Agreement constitutes the entire understanding between them, and that there are no other written
or verbal agreement(s) or understanding(s) between them other than those set forth herein; it being understood that no amendment(s)
to this Agreement shall be effective unless reduced to writing and signed by each party hereto.

 

15.4. Severability. In the
event that any provision of this Agreement shall be determined to be unenforceable or otherwise invalid, the balance of the provision(s)
shall be deemed to be enforceable and valid; it being understood that all provision(s) of this Agreement are deemed to be severable,
so that unenforceability or invalidity of any single provision will not affect the remaining provision(s).

 

15.5. Headings. The Section(s)
and paragraph heading(s) in this Agreement are deemed to be for convenience only, and shall not be deemed to alter or affect any
provision herein.

 

15.6. Interpretation of Agreement.
This Agreement shall be interpreted in accordance plain meaning of its terms and under the laws of the State of Nevada.

 

15.7. Variation. Any changes
in the Sections relating to salary, bonus, or other material condition(s) after the Effective Date of this Agreement shall not
be deemed to constitute a new Agreement. All unchanged terms are to remain in force and effect.

 

15.8. Unenforceability.
The unenforceability or invalidity of any provision(s) of this Agreement shall not affect the enforceability and/or the validity
of the remaining provision(s).

 

15.9. Collateral Documents.
Each party hereto shall make, execute and deliver such other instrument(s) or document(s) as may be reasonably required in
order to effectuate the purposes of this Agreement.

 

15.10. Non-Impairment. This
Agreement may not be amended or supplemented at any time unless reduced to a writing executed by each party hereto. No amendment,
supplement or termination of this Agreement shall affect or impair any of the rights or obligations which may have matured there
under.

 

15.11. Execution. This Agreement
may be executed in one or more counterpart(s), and each executed counterpart(s) shall be considered by the parties as an original.
This Agreement may be executed via facsimile.

 

    	10

    	 

    

 

 

15.12.
Legal Counsel. Executive represents to the Company that he has retained legal counsel of his own choosing, or was given
sufficient opportunity to obtain legal counsel prior to executing this Agreement. Executive also represents that he has read each
provision of this Agreement and understands its meaning.

 

15.13. Transition.
In the event that Executive's employment with the Company terminates, Executive shall, through the last day of employment,
and at the Company's request, use Executive's reasonable best efforts (at the Company's expense) to assist the Company in transitioning
Executive's duties and responsibility responsibilities to Executive's successor and maintaining the Company's professional relationship
with all customers, suppliers, etc. Without limiting the generality of the foregoing, Executive shall cooperate and assist the
Company, at the Company's direction and instruction, during the transition period between any receipt of or giving of notice of
the termination of employment and the final day of employment.

 

IN WITNESS WHEREOF, the parties hereto have set their hands
and seals this 1st day of July, 2010.

 

CAN-CAL RESOURCES.
LTD.

 

By: /s/ William
J. Hogan

William J. Hogan

Its: Chairman of
the Board

 

EXECUTIVE

 

/s/ G. Michael Hogan

By: G. Michael
Hogan

 

 

 

    	11

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