Document:

mblc_ex106.htm

EXHIBIT 10.6
  
 EMPLOYMENT AGREEMENT
  
 THIS EMPLOYMENT AGREEMENT (“Agreement”) is made this 1day of November, 2017 (the “Effective Date”) between THC Therapeutics, Inc., a Nevada corporation (“Company”), and Brandon Romanek (“Executive”).
  
 RECITALS
  
 Company wishes to employ Executive and Executive wishes to be employed by Company in accordance with the terms and conditions set forth in this Agreement.
  
 TERMS AND CONDITIONS
  
 In consideration of the mutual covenants herein contained, and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, Executive and Company agree as follows:
  
 1. Employment
  
 As of the Effective Date, Company hereby agrees to employ Executive, and Executive agrees to be employed by Company, as its President and Chief Executive Officer. Executive will report directly to Company’s Board of Directors. Executive’s responsibilities will include all those matters customarily assigned to a Chief Executive Officer and those which may be reasonably assigned by Company. Executive shall follow the reasonable instructions of Executive’s manager and will comply in all material respects with all rules, policies and procedures of Company as modified from time to time to the extent that they are not inconsistent with this Agreement. Executive will perform all of Executive’s responsibilities in compliance with all applicable laws.
  
 2. Term of Employment
  
 Employment under this Agreement shall be terminable at-will, and, in such case either Executive or Company may terminate Executive’s employment at any time with or without Cause or Good Reason, as defined in this Agreement, and without notice, subject to the requirements set forth in Section 5. Any termination of Executive’s employment by Executive or Company (other than death) shall be communicated by written notice of termination to the other party in accordance with Section 16 of this Agreement.
  
 3. Compensation
  
 For the duration of Executive’s employment under this Agreement, Executive shall be entitled to compensation computed and paid pursuant to the following subparagraphs and subject to applicable withholdings and deductions:
  
 3.1 Salary. Executive shall be paid a gross salary at the rate of $78,000 per year (the “Annual Base Salary”), or $6,500 a month beginning November 1, 2017, with actual amounts paid to be prorated for the actual period of employment, payable in equal installments in accordance with Company’s normal payroll practices. Company may review Executive’s salary from time to time as part of a review of Executive’s performance and other relevant factors and may determine in its sole discretion whether any increase in salary shall be made.
  
  	 
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 3.2 Bonuses
  
 3.2.1. During the term of this Agreement, Company will provide Executive with the opportunity for annual cash bonus awards in accordance with its management incentive plans and the financial performance targets set for Executive thereunder (“Annual Bonus”), with a target amount equal to 100% of the Annual Base Salary (the target bonus as a percentage of Annual Base Salary, as in effect from time to time, is hereinafter referred to as the “Target Bonus”). If earned, any Annual Bonus payable hereunder shall be paid between January 1st and March 15th of the year immediately following the year to which such Annual Bonus relates (the date of payment being the “Payment Date”). During the portion of the term of this Agreement commencing on the Effective Date and ending on December 31, 2018, Executive’s Target Bonus opportunity under Company’s management incentive plans will be an amount equal to the product of (A) 100% of the Annual Base Salary, multiplied by (B) a fraction (i) the numerator of which is the number of days Executive was employed by Company during 2018 and (ii) the denominator of which is 365.
  
 4. Other Benefits
  
 4.1 Certain Benefits. Executive may participate in employee benefit programs established by Company for personnel on a basis commensurate with Executive's position and in accordance with Company’s benefit plans and arrangements from time to time, including eligibility requirements. Company shall have the right to amend or terminate any such plans or programs. Notwithstanding the foregoing, Executive acknowledges that its participation in certain benefit programs may be limited if Executive is not viewed or treated as an employee of Company for federal income tax purposes.
  
 4.2 Vacation and Holidays. Executive shall be entitled to all public holidays observed by Company. Vacation days shall be in accordance with the applicable provision of Company’s vacation policy, provided, however, that Executive shall be granted not less than 20 vacation days per year. Vacation days that have not been used within a given year may be carried forward into subsequent years in accordance with Company’s policies and procedures as may be in effect from time to time for other similarly situated executives.
  
 4.3 Expenses. Company shall reimburse Executive in accordance with Company’s policies and procedures for reasonable expenses necessarily incurred in Executive’s performance of Executive’s duties against appropriate receipts and vouchers indicating the specific business purpose for each such expenditure.
  
 5. Termination
  
 The following provisions shall apply upon termination of Executive’s employment under applicable circumstances as set forth below. Any amount payable to Executive under this Section 5 shall be subject to all applicable federal, state and local withholdings, or payroll or other taxes. Except as set forth in this Section 5, upon termination of employment, Executive shall not be entitled to further payments, severance or other benefits arising under this Agreement or from Executive’s employment with Company or its termination, except as required by law.
  
 5.1 By Company with Cause. If Company terminates Executive’s employment for Cause, Executive shall be paid unpaid wages including all Deferred Compensation and unused vacation earned through the termination date.
  
  	 
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 5.1.1. “Cause,” as used herein, shall mean Executive’s (i) willful and continued failure to perform his material duties with respect to Company or its affiliates (except where due to a physical or mental incapacity) which continues beyond fifteen (15) business days after a written demand for substantial performance is delivered to Executive by Company, (ii) conviction of or plea nolo contendere to (A) the commission of a felony by Executive, or (B) any misdemeanor that is a crime of moral turpitude, (iii) Executive’s willful and gross misconduct in connection with his employment duties, (iv) breach of the non-competition, non-solicitation or confidentiality covenants to which Executive is subject, (v) any willful and intentional act having the intended effect of injuring the reputation, business or business relationships of Company or its affiliates. No act on Executive’s part shall be deemed “willful” unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that such action was in the best interest of Company. No failure of Executive or Company to achieve performance goals, in and of itself, shall be treated as a basis for termination of Executive’s employment for Cause. Notwithstanding anything herein to the contrary, no termination shall be treated as for “Cause” (and any such termination shall instead be treated as without “Cause”) unless (i) Executive has been given not less than fifteen (15) business days’ written notice by the Chief Executive Officer or the board of its intention to terminate Executive’s employment for Cause, such notice to state in detail the particular act or acts or failure or failures to act that constitute the grounds on which the proposed termination for Cause is based (the “Cause Notice”), (ii) the Cause Notice is delivered not later than sixty (60) days after the Chief Executive or board’s learning of such act or acts or failure or failures to act, and (iii) the Chief Executive or board has thereafter provided Executive with a copy of a resolution duly adopted by the board (after Executive has been given a reasonable opportunity, together with counsel, to be heard before the board) confirming that, in its judgment, grounds for Cause on the basis of the original notice exist, and no cure was timely effected.
  
 5.1.2. “Good Reason,” as used herein, shall mean (i) a material reduction in Executive’s base salary or a material reduction in annual incentive compensation opportunity, in each case other than any isolated or inadvertent failure by Company that is not in bad faith and is cured within thirty (30) business days after Executive gives Company notice of such event; (ii) a material diminution in Executive’s title, duties and responsibilities, other than any isolated or inadvertent failure by Company that is not in bad faith and is cured within thirty (30) business days after Executive gives Company notice of such event; (iii) a transfer of Executive’s primary workplace by more than fifty (50) miles from his current workplace, or (iv) the failure of a successor to have assumed this Agreement in connection with any sale of the business, where such assumption does not occur by operation of law, provided that in order for an event described in this Section 5.1.2 to constitute Good Reason, Executive must provide notice to Company (in accordance with Section 16 of this Agreement) within ninety (90) business days of the initial existence of such event.
  
 5.1.3. “Change of Control” shall mean the sale, lease, conveyance or other disposition of all or substantially all of the Company’s property, assets or business or the merger or consolidation of the Company with or into any other entity or any other transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company, directly or indirectly, is disposed of.
  
  	 
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 5.2 By Company other than for Cause or Total Disability or by Executive for Good Reason. If Company terminates Executive’s employment other than for Cause or Total Disability or if Executive terminates Executive’s employment for Good Reason in the absence of Cause, Company shall pay to Executive the amounts and benefits, and cause the vesting as set forth in this Section 5.2; provided, however, that Executive’s entitlement to the amounts described in Sections 5.2.2 and 5.2.3 is conditioned upon Executive executing and not revoking a release substantially in the form attached as Exhibit A (the “Release”) within the applicable 28 or 52 day time period provided for therein (the “Applicable Release Period”); provided, however, that in any case where the first and last days of the Applicable Release Period are in two separate taxable years, any payments required to be made to Executive that are treated as deferred compensation for purposes of Code Section 409A shall be made in the later taxable year, promptly following the conclusion of the Applicable Release Period.
  
 5.2.1 Unpaid wages and unused accrued vacation earned through the termination date including Deferred Compensation;
  
 5.2.2 A severance payment, payable in a lump sum payment not later than fifteen (15) days following Executive’s termination date, an amount equal to the sum of (A) eighteen (18) months of the Annual Base Salary plus (B) one (1) times the Target Bonus for the year in which Executive’s employment terminates;
  
 5.2.3 A pro-rated bonus equal to the product of (A) the Target Bonus that would have been earned had Executive remained employed until the end of the year of termination multiplied by (B) a fraction (i) the numerator of which is the number of days Executive was employed during the year in which Executive’s employment terminates and (ii) the denominator of which is 365 (the “Prorated Bonus”), payable in a lump sum at the time such payment would be paid in accordance with Company’s then current bonus plan;
  
 5.2.4 Accelerated vesting of unvested previously awarded stock or restricted stock units, options and long-term incentive awards, such stock, options and awards to become fully vested as of the date of Executive’s termination, subject to compliance with all terms and conditions of the relevant plans.
  
 5.3 Change of Control. If at any time during Executive’s employment at the Company there is a Change of Control, Executive may at his option terminate his employment and such termination shall be considered to be a Termination by the Company for reasons other than for Cause.
  
 5.4 Total Disability. If Company or Executive terminates Executive’s employment due to Executive’s Total Disability, Company shall pay to Executive unpaid wages and unused accrued vacation earned through the termination date (including Deferred Compensation), and the Prorated Bonus. Vesting of Executive’s unvested previously awarded member units, options and long-term incentive awards shall accelerate, subject to compliance with all terms and conditions of the relevant plans, such options and awards to become fully vested as of Executive’s termination date. “Total Disability” as used herein shall have the same meaning as the term “Total Disability” as used in Company’s long-term disability policy in effect at the time of termination, if one exists. If Company does not have a long-term disability policy in effect at such time, the term “Total Disability” shall mean Executive’s inability (with or without such accommodation as may be required by law protecting persons with disabilities) to perform the essential functions of Executive’s duties hereunder for a period aggregating to ninety (90) calendar days in a twelve (12) month period, provided, however, that this period may be extended in the sole discretion of the Chief Executive Officer.
  
 5.4 Death. If Executive’s employment terminates due to death, Company shall pay to Executive’s estate the unpaid wages and unused accrued vacation earned through the termination date, and the Prorated Bonus. Vesting of Executive’s unvested previously awarded member units, options and long-term incentive awards shall accelerate, subject to compliance with all terms and conditions of the relevant plans, such options and awards to become fully vested as of Executive’s termination date.
  
  	 
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 6. Confidential Information
  
 6.1 Executive recognizes that the success of Company and its current or future Affiliates (as defined below in this Section 6) and Managed Companies depends upon the protection of information or materials that are designated as confidential and/or proprietary at the time of disclosure or should, based on their nature or the circumstances surrounding such disclosure, reasonably be deemed confidential including, without limitation, information to which Executive has access while employed by Company whether recorded in any medium or merely memorized (all such information being “Confidential Information”). Confidential Information includes without limitation, and whether or not such information is specifically designated as confidential or proprietary: all business plans and marketing strategies; information concerning existing and prospective markets, suppliers, and customers; financial information; information concerning the development of new products and services; and technical and non-technical data related to software programs, designs, specifications, compilations, inventions (as defined in Section 8.1), improvements, patent applications, studies, research, methods, devices, prototypes, processes, procedures and techniques. Confidential Information expressly includes information provided to Company by third parties under circumstances that require them to maintain the confidentiality of such information. Notwithstanding the foregoing, Executive shall have no confidentiality obligation with respect to disclosure of any Confidential Information that (a) was, or at any time becomes, available in the public domain other than through a violation of this Agreement or (b) Executive can demonstrate by written evidence was furnished to Executive by a third party in lawful possession thereof and who was not under an obligation of confidentiality to Company or any of its Affiliates or Managed Companies.
  
 6.2 Executive agrees that during Executive’s employment and after termination of employment irrespective of cause, Executive will use Confidential Information only for the benefit of Company and will not directly or indirectly use or divulge, or permit others to use or divulge, any Confidential Information for any reason, except as authorized by Company. Notwithstanding the foregoing, Executive may disclose Confidential Information as required pursuant to an order or requirement of a court, administrative agency or other government body, provided Executive has notified Company immediately after receipt of such order or requirement and allowed Company a meaningful opportunity to apply for protective measures, if time permits.
  
 6.3 Executive hereby assigns to Company any rights Executive may have or acquire in such Confidential Information and acknowledges that all Confidential Information shall be the sole property of Company or its assigns.
  
 6.4 There are no rights granted or any understandings, agreements or representations between the parties hereto, express or implied, regarding Confidential Information that are not specified herein.
  
 6.5 Executive’s obligations under this Section 6 are in addition to any obligations that Executive has under state or federal law.
  
 6.6 Executive agrees that in the course of Executive’s employment with Company, Executive will not violate in any way the rights that any entity, including former employers, has with regard to trade secrets or proprietary or confidential information.
  
 6.7 Executive’s obligations under this Section 6 shall survive the termination of this Agreement for a period of eighteen (18) months thereafter.
  
  	 
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 7. Return of Company Property
  
 Executive acknowledges that all tangible items containing any Confidential Information, including without limitation memoranda, photographs, records, reports, manuals, drawings, blueprints, prototypes, notes, documents, drawings, specifications, software, media and other materials, including any copies thereof (including electronically recorded copies), are the exclusive property of Company, and Executive shall deliver to Company all such material in Executive’s possession or control upon Company’s request and in any event upon the termination of Executive’s employment with Company. Executive shall also return any keys, equipment, identification or credit cards, or other property belonging to Company upon termination or request.
  
 8. Inventions
  
 8.1 Executive understands and agrees that all Inventions are the exclusive property of Company. As used in this Agreement, “Inventions” shall include without limitation ideas, discoveries, developments, concepts, inventions, original works of authorship, trademarks, mask works, trade secrets, ideas, data, information, know-how, documentation, formulae, results, prototypes, designs, methods, processes, products, formulas and techniques, improvements to any of the foregoing, and all other matters ordinarily intended by the words “intellectual property,” whether or not patentable, copyrightable, or otherwise able to be registered, which are developed, created, conceived of or reduced to practice by Executive, alone or with others, during Executive’s employment with Company or Affiliates, whether or not during working hours or within three (3) months thereafter and related to Company’s then existing or proposed business. In recognition of Company’s ownership of all Inventions, Executive shall make prompt and full disclosure to Company of, will hold in trust for the sole benefit of Company, and (subject to Section 8.2 below) hereby assigns, and agrees to assign in the future, exclusively to Company all of Executive’s right, title, and interest in and to any and all such Inventions.
  
 8.2 Executive understands that Executive’s obligation to assign inventions shall not apply to any inventions for which no equipment, supplies, facilities, or trade secret information of Company was used and that was developed entirely on Executive’s own time, unless (a) the invention relates (i) directly to the business of Company, or (ii) to Company’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by Executive for Company.
  
 8.3 To the extent any works of authorship created by Executive made within the scope of employment may be considered “works made for hire” under United States copyright laws, they are hereby agreed to be works made for hire. To the extent any such works do not qualify as a “work made for hire” under applicable law, and to the extent they include material subject to copyright, Executive hereby irrevocably and exclusively assigns and conveys all rights, title and interests in such works to Company subject to no liens, claims or reserved rights. Executive hereby waives any and all “moral rights” that may be applicable to any of the foregoing, for any and all uses, alterations, and exploitation thereof by Company, or its successors, assignees or licensees. To the extent that any such “moral rights” may not be waived in accordance with law, Executive agrees not to bring any claims, actions or litigation against Company or its successors, assignees or licensees, based on or to enforce such rights. Without limiting the preceding, Executive agrees that Company may in its discretion edit, modify, recast, use, and promote any such works of authorship, and derivatives thereof, without the use of Executive’s name or image, without compensation to Executive other than that expressly set forth herein.
  
  	 
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 8.4 Executive hereby waives and quitclaims to Company any and all claims of any nature whatsoever that Executive now or hereafter may have for infringement of any patent or patents from any patent applications for any Inventions. Executive agrees to cooperate fully with Company and take all other such acts requested by Company (including signing applications for patents, assignments, and other papers, and such things as Company may require) to enable Company to establish and protect its ownership in any Inventions and to carry out the intent and purpose of this Agreement, during Executive’s employment or thereafter. If Executive fails to execute such documents by reason of death, mental or physical incapacity or any other reason, Executive hereby irrevocably appoints Company and its officers and agents as Executive’s agent and attorney-in-fact to execute such documents on Executive’s behalf.
  
 8.5 Executive agrees that there are no Inventions made by Executive prior to Executive’s employment with Company and belonging to Executive that Executive wishes to have excluded from this Section 8 (the “Excluded Inventions”). If during Executive’s employment with Company, Executive uses in the specifications or development of, or otherwise incorporates into a product, process, service, technology, or machine of Company, or otherwise uses any invention, proprietary know-how, or other intellectual property in existence before the Effective Date owned by Executive or in which Executive has any interest (“Existing Know-How”), Company is hereby granted and shall have a non-exclusive, royalty-free, fully paid up, perpetual, irrevocable, worldwide right and license under the Existing Know-How (including any patent or other intellectual property rights therein) to make, have made, use, sell, reproduce, distribute, make derivative works from, publicly perform and display, and import, and to sublicense any and all of the foregoing rights to that Existing Know-How (including the right to grant further sublicenses) without restriction as to the extent of Executive’s ownership or interest, for so long as such Existing Know-How is in existence and is licensable by Executive.
  
 9. Nonsolicitation
  
 9.1 During Executive’s employment with Company, and for a period expiring eighteen (18) months after the termination of Executive’s employment, regardless of the reason, if any, for such termination, Executive shall not, directly or indirectly:
  
 9.1.1 solicit or entice away or in any other manner persuade or attempt to persuade any officer or employee of Company to alter or discontinue his or her relationship with Company;
  
 9.1.2 solicit from any person or entity that was a customer of Company during Executive’s employment with Company, any business of a type or nature similar to the business of Company or any of its Affiliates or Managed Companies with such customer;
  
 9.1.3 solicit, divert, or in any other manner persuade or attempt to persuade any supplier of Company to discontinue its relationship with Company; 9.1.4 engage in or participate in the development, engineering or sale of smart sprinkler controllers; or
  
 9.1.5 solicit, divert, take away any customers of Company.
  
  	 
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 9.2 Nothing in Section 9.1 limits Executive’s ability to hire an employee of Company or any of its Affiliates or Managed Companies in circumstances under which such employee first contacts Executive regarding employment and Executive does not violate any of Sections 9.1.1, 9.1.2, 9.1.3, 9.1.4 or 9.1.5 herein.
  
 9.3 Company and Executive agree that the provisions of this Section 9 do not impose an undue hardship on Executive and are not injurious to the public; that this provision is necessary to protect the business of Company; that the nature of Executive’s responsibilities with Company under this Agreement provide and/or will provide Executive with access to Confidential Information that is valuable and confidential to Company; that Company would not employ Executive if Executive did not agree to the provisions of this Section 9; that this Section 9 is reasonable in terms of length of time and scope; and that adequate consideration supports this Section 9. In the event that a court determines that any provision of this Section 9 is unreasonably broad or extensive, Executive agrees that such Court should narrow such provision to the extent necessary to make it reasonable and enforce the provision as narrowed.
  
 10. Remedies
  
 Notwithstanding any other provisions of this Agreement regarding dispute resolution, including Section 10, Executive agrees that Executive’s violation of any of Sections 6, 7, 8 or 9 of this Agreement may cause Company irreparable harm which would not be adequately compensated by monetary damages and that an injunction may be granted by any court or courts having jurisdiction, restraining Executive from violation of the terms of this Agreement, upon any breach or threatened breach of Executive of the obligations set forth in any of Sections 6, 7, 8 or 9. The preceding sentence shall not be construed to limit Company from any other relief or damages to which it may be entitled as a result of Executive’s breach of any provision of this Agreement, including Sections 6, 7, 8 or 9.
  
 11. Venue
  
 Except for proceedings for injunctive relief, the venue of any litigation arising out of Executive’s employment with Company or interpreting or enforcing this Agreement shall lie in a court of appropriate jurisdiction in Clark County, Nevada.
  
 12. Fees
  
 The prevailing party will be entitled to its reasonable costs and attorneys’ fees incurred in any litigation relating to the interpretation or enforcement of this Agreement.
  
 13. Disclosure
  
 Executive agrees fully and completely to reveal the terms of Sections 6, 7, 8 or 9 of this Agreement to any future employer or business contacts of Executive and authorizes Company, at their election, to make such disclosure.
  
 14. Representation of Executive
  
 Executive represents and warrants to Company that Executive is free to enter into this Agreement and has no commitment, arrangement or understanding to or with any party that restrains or is in conflict with Executive’s performance of the covenants, services and duties provided for in this Agreement. Executive shall not in the course of Executive’s employment violate any obligation that Executive may owe any third party, including former employers.
  
  	 
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 15. Assignability
  
 During Executive’s employment, this Agreement may not be assigned by either party without the written consent of the other; provided, however, that Company may assign its rights and obligations under this Agreement without Executive’s consent to any of its Affiliates or to a successor by sale, merger or liquidation, if such successor carries on the business substantially in the form in which it is being conducted at the time of the sale, merger or liquidation and notwithstanding anything in this Agreement, such assignment and Executive’s transfer of employment thereunder shall not be deemed a termination of employment under Section 5.2 of this Agreement. This Agreement is binding upon Executive, Executive’s heirs, personal representatives and permitted assigns and on Company, its successors and assigns.
  
 16. Notices
  
 All notices, requests, consents, and other communications required or permitted to be given hereunder, shall be in writing and shall be deemed to have been duly give if delivered personally or sent by Fedex, or mailed first class postage prepaid as follows:
   
  	  
	 If to Employee: 
	  
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	 If to Company: 
	  
	  

	  
	  
	  
	  

	  
	  
	  
	  

    
 17. Severability
  
 If any provision of this Agreement or compliance by any of the parties with any provision of this Agreement constitutes a violation of any law, or is or becomes unenforceable or void, then such provision, to the extent only that it is in violation of law, unenforceable or void, shall be deemed modified to the extent necessary so that it is no longer in violation of law, unenforceable or void, and such provision will be enforced to the fullest extent permitted by law. If such modification is not possible, said provision, to the extent that it is in violation of law, unenforceable or void, shall be deemed severable from the remaining provisions of this Agreement, which provisions will remain binding on the parties.
  
 18. Waivers
  
 No failure on the part of either party to exercise, and no delay in exercising, any right or remedy hereunder will operate as a waiver thereof; nor will any single or partial waiver of a breach of any provision of this Agreement operate or be construed as a waiver of any subsequent breach; nor will any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right or remedy granted hereby or by law.
  
 19. Governing Law
  
 The validity, construction and performance of this Agreement shall be governed by the laws of the State of Nevada without regard to the conflicts of law provisions of such laws.
  
  	 
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 20. Survival
  
 Notwithstanding anything to the contrary in this Agreement, the obligations of this Agreement shall survive a termination of this Agreement or the termination of Executive’s employment with Company, except for obligations under Sections 1, 2, 3 and 4.
  
 21. Entire Agreement
  
 This instrument constitutes the entire agreement of Executive and Company with respect to the subject matter herein and supersedes all prior such agreements and understandings, and there are no other such representations or agreements other than as stated in this Agreement related to the terms and conditions of Executive’s employment with Company. This Agreement may be changed only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought, and any such modification agreed to by Company must, in order to be binding upon Company, be signed by the Chief Executive Officer of Company.
  
 22. Executive’s Recognition of Agreement
  
 Executive acknowledges that Executive has read and understood this Agreement and agrees that its terms are necessary for the reasonable and proper protection of the business of Company. Executive acknowledges that Executive has been advised by Company that Executive is entitled to have this Agreement reviewed by an attorney of his selection, at Executive’s expense, prior to signing, and that Executive has either done so or elected to forgo that right.
  
 23. Delayed Payment Under CBertain Circumstances
  
 Notwithstanding anything in this Agreement to the contrary, to the extent required to avoid an excise tax under Internal Revenue Code Section 409A, the payment of any compensation pursuant to Sections 5.2.2, 5.2.3, 5.3 or 5.4, Executive’s separation from service shall be delayed for a period of six (6) months if Executive is a “specified employee” as defined in Code Section 409A(a)(2)(B)(i). In such a circumstance, the payments that would otherwise have been made during such six (6) month period will be paid on the
 six-month anniversary of Executive's separation from service.
  
  	 
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 IN WITNESS WHEREOF, the parties have duly signed and delivered this Agreement as of the day and year first above written.
  
  	 	  
	 COMPANY:
	
	 	  
	 	 	 
	 THC Therapeutics, Inc.
	  
	  
	  
	  

	  
	  
	  
	  
	  

	 
	  
	  
	  
	  

	  
	  
	  
	  
	  

	 	  
	Name:	Brandon Romanek 	 
	 	  
	Title: 	Chief Executive Officer	 
	  
	  
	  
	  
	  

	 EXECUTIVE:
	  
	  
	  
	  

	  
	  
	  
	  
	  

	 Brandon Romanek
	  
	  
	  
	  

	  
	  
	  
	  
	  

	 
	 Individually
		  
	  

   
   
  	 
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 EXHIBIT A
  
 RELEASE
  
 [Company Name] RELEASE
  
 This Release (“Release”) is entered into by (“Executive”) with respect to the termination of the employment relationship between Executive and [Company Name] (the “Company”).
  
 1. Executive’s last day of employment with the Company was (“Termination Date”). Executive shall not seek future employment or any right to future employment with the Company, its parent or any of its affiliates.
  
 2. Executive has been provided all compensation and benefits earned Executive by virtue of employment with Employer, except to the extent that Executive may still be owed salary earned during the last pay period prior to the Termination Date and accrued unused vacation and excluding amounts payable to Executive under the Employment Agreement between Executive and Company dated (“Employment Agreement”).
  
 3. As consideration for the obligations undertaken by the Company pursuant to the Employment Agreement, Executive hereby releases Company and its affiliates, and their respective officers, directors, and employees, from any and all claims, causes of action, and liability for damages of whatever kind, known or unknown, arising from or relating to Executive’s employment and separation from employment (“Released Claims”). Released Claims include claims (including claims to attorneys’ fees), damages, causes of action, and disputes of any kind whatsoever, including without limitation all claims for wages, employee benefits, and damages arising out of any: contracts, express or implied; tort; discrimination; wrongful termination; any federal, state, local, or other governmental statute or ordinance, including, without limitation Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act, as amended (“ADEA”), the Fair Labor Standards Act, the Washington Law Against Discrimination, the Washington Minimum Wage Act and the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); and any other legal limitation on the employment relationship. Notwithstanding the foregoing, “Released Claims” do not include claims for breach or enforcement of this Agreement, claims that arise after the execution of this Agreement, claims to vested benefits under ERISA, workers’ compensation claims, or any other claims that may not be released under this Agreement in accordance with applicable law. This waiver and release shall not apply to claims arising after Executive’s execution of this Release.
  
 4. Executive represents and warrants that Executive has not filed any litigation based on any Released Claims. Executive covenants and promises never to file, press, or join in any lawsuit based on any Released Claim and agrees that any such claim, if filed by Executive, shall be dismissed, except that this covenant and promise does not apply to any claim of Executive challenging the validity of this Agreement in connection with claims arising under the ADEA. Executive represents and warrants that Executive is the sole owner of any and all Released Claims that Executive may have; and that Executive has not assigned or otherwise transferred Executive’s right or interest in any Released Claim.
  
 5. Executive represents and warrants that Executive has turned over to Employer all property of Employer, including without limitation all files, memoranda, keys, manuals, equipment, data, records, and other documents, including electronically recorded documents and data that Executive received from Employer or its employees or that Executive generated in the course of employment with Employer.
  
  	 
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 6. Executive specifically agrees as follows:
  
 a. Executive is knowingly and voluntarily entering into this Release;
  
 b. Executive acknowledges that the Company is providing benefits in the form of payments and compensation, to which Executive would not otherwise be entitled in the absence of Executive’s entry into this Release, as consideration for Executive’s entering into this Release;
  
 c. Executive is hereby advised by this Release to consult with an attorney prior to executing this Release;
  
 d. Executive understands he has a period of at least twenty-one (21) days from the date a copy of this Release is provided to Executive in which to consider and sign the Release (during which the offer will remain open), and that Executive has an additional seven (7) days after signing this Release within which to revoke acceptance of the Release;
  
 e. If during the twenty-one (21) day waiting period Executive should elect not to sign this Release, or during the seven (7) day revocation period Executive should revoke acceptance of the Release, then this Release shall be void and the effective date of this Release shall be the eighth day after Executive signs and delivers this Release, provided he has not revoked acceptance; and
  
 f. Executive may accept this Agreement before the expiration of the twenty-one (21) days, in which case Executive shall waive the remainder of the 21-day waiting period.
  
 7. Executive hereby acknowledges his obligation to comply with the obligations that survive termination of the Employment Agreement, including without limitation those obligations with respect to confidentiality, inventions and nonsolicitation.
  
 8. With regard to the subject matter herein, this Release shall be interpreted pursuant to Nevada law.
  
  	  
	 On Behalf of Executive
	  

	  
	  
	  

	  
	  
	  

	  
	 Signature
	  

	  
	  
	  

	  
	  
	  

	  
	 Name
	  

	  
	  
	  

	  
	  
	  

	  
	 Date
	  

  
   
  	 13Exhibit 10.1

 

AMENDED AND RESTATED EMPLOYMENT
AGREEMENT

 

This AMENDED AND
RESTATED EMPLOYMENT AGREEMENT (“Agreement”), shall be effective as of the 13th day of August,
2018 (“Effective Date”), by and among, Christopher Santi (the “Executive”) and Healthier
Choices Management Corp., a Delaware corporation (“HCMC” or the “Company”).

 

RECITALS

 

WHEREAS,
Executive is currently employed by HCMC;

 

WHEREAS,
Company wishes to amend and restate its Employment Agreement, dated January 30, 2018 with the Executive (the “Original Agreement”)
to continue the services of Executive, and, in connection therewith, Company and Executive desire to enter into this Agreement
to become effective on the Effective Date; and

 

WHEREAS, the
parties have agreed to amend and restate the Original Agreement and the Executive shall continue to serve as President and Chief
Operating Officer of the Company.

 

NOW, THEREFORE,
In consideration of the mutual representations, warranties, covenants and agreements contained in this Agreement and other good
and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1. Employment.

 

(a) Employment
Period. Subject to the terms and conditions set forth herein and unless sooner terminated as hereinafter provided, Company
shall employ Executive and Executive agrees to serve as an employee of Company until January 30, 2021 (the “Employment
Term”). The Employment Term shall be automatically renewed for successive one-year terms unless notice of non-renewal
is given by either party at least 30 days before the end of the Term. For purposes of this Agreement, the Employment Term and any
renewal term thereof are collectively referred to herein as the “Employment Period.” This Agreement will terminate
automatically upon a Change of Control (as defined in Section 3(e)).

 

(b) Duties
and Responsibilities. During the Employment Period, the Executive shall serve as President and Chief Operating Officer.
In such role, Executive shall have such authority and responsibility and perform such duties as may be assigned to him from time
to time by the Board of Directors of the Company (the “Board”), and in the absence of such assignment, such
duties as are customary to Executive’s office and as are necessary or appropriate to the business and operations of the Company
and its subsidiaries. During the Employment Period, the Executive’s employment shall be full time, Executive shall perform
his duties honestly, diligently, in good faith and in the best interests of the Company and its subsidiaries, and Executive shall
use his best efforts to promote the interests of the Company and its subsidiaries.

 

     

     

    

 

2. Compensation.

 

(a) Base
Salary. In consideration for the Executive’s services hereunder and the restrictive covenants contained herein, the
Executive shall initially be paid an annual base salary as follows: 2018: $250,000; 2019: $270,000; and 2020 and 2021: $330,000
(the “Salary”), which salary shall be payable commencing as of date hereof and shall be payable in accordance
with the Company’s customary payroll practices.

 

(b) Bonus.
In addition to the Salary, for each Measurement Period, Executive shall be entitled to earn an annual bonus at the discretion of
the Company’s board of Directors.

 

(c) Restricted
Stock Awards. The Company hereby grants to the Executive, on the Effective Date, 8 billion shares of restricted stock (the
“Executive Stock”) representing 8 billion shares of the Company’s common stock, pursuant to the Restricted
Stock Award Agreement in the form attached hereto as Exhibit A. Except as otherwise provided herein or the Restricted Stock
Award Agreement, the Executive Stock shall vest and the restrictions associated with the Executive Stock shall lapse, subject to
the Executive’s continued employment with the Company, on the first anniversary of this Agreement. As a condition to the
issuance of the Executive Stock, the Executive agrees to forfeit (and the Company shall cancel) his outstanding and vested options
(“Options”) to purchase 8 billion shares of Company common stock. The existing agreement evidencing the Options
shall be amended to reflect the cancellation of these Options.

 

(d) Vacations.
The Executive shall be entitled to no less than twenty (20) days of vacation on an annual basis during the Term with additional
paid vacation time being accrued in accordance with the Company’s vacation policy. Per the Company’s vacation policy,
the Executive’s vacation does not carry over year over year.

 

(e) Other
Benefits. During the term of this Agreement, the Executive shall be entitled to coverage (subject to contributions required
of other C-level executive employees of the Company generally) in the health and dental insurance plans of the Company and any
life insurance programs, disability programs, pension plans and other fringe benefit plans and programs as are from time to time
established and maintained for the benefit of the Company’s employees or officers, subject to the provisions of such plans
and programs.

 

(f) Expenses.
The Executive shall be reimbursed for all out-of-pocket expenses reasonably incurred by his on behalf of or in connection with
the business of the Company, pursuant to the normal standards and guidelines followed from time to time by the Company.

 

    	 	2	 

     

    

 

3. Termination.

 

(a) For
Cause. The Company shall have the right to terminate this Agreement and to discharge the Executive for Cause (as defined
below), at any time during the Employment Period. Termination for “Cause” shall mean, during the Employment
Period, (i)Executive’s conduct that would constitute under federal or state law either a felony or any other criminal offense
involving dishonesty or moral turpitude, or a determination by the Board, after consideration of all available information and
following the procedures set forth below, that Executive has willfully and materially violated Company policies or procedures involving
discrimination, harassment, substance abuse, or workplace violence or use of confidential information, (ii) the Executive’s
negligence or misconduct in the performance of his duties hereunder that has a material and adverse effect on the Company, (iii)
a material breach by the Executive of this Agreement or a material failure on the part of Executive to perform his obligations
hereunder or (iv) the Executive’s inability to perform his duties and responsibilities as provided herein due to his death
or Disability (as defined herein). Any termination for Cause pursuant to this Section shall be delivered to the Executive in writing
and shall set forth in detail all acts or omissions upon which the Company is relying to terminate the Executive for Cause. Except
as otherwise specifically set forth herein, if the Executive is terminated for Cause, the Executive shall only be entitled to receive
his accrued and unpaid Salary, any declared bonus and other benefits through the termination date and the Company shall have no
further obligations under this Agreement from and after the date of termination. “Disability” shall mean any
mental or physical illness, condition, disability or incapacity which prevents the Executive from reasonably discharging his duties
and responsibilities under this Agreement for a period of ninety (90) days in any one hundred eighty (180) day period.

 

(b) Termination
by Executive. If the Executive shall resign or otherwise terminate his employment with the Company at any time during the
term of this Agreement, the Executive shall only be entitled to receive his accrued and unpaid Salary, any declared bonus and other
benefits through the termination date and the Company shall have no further obligations under this Agreement from and after the
date of termination.

 

(c) Termination
by Company Without Cause. At any time during the term of this Agreement, the Company shall have the right to terminate
this Agreement and to discharge the Executive without Cause effective upon delivery of written notice to the Executive. Upon any
such termination by the Company without Cause, the Company shall pay to the Executive all of the Executive’s accrued but
unpaid Salary through the date of termination and any declared bonus and (ii) any amount required pursuant to Section 3(e).

 

(d) Death
of the Executive. In the event of the death of Executive, the employment of the Executive by the Company shall automatically
terminate on the date of the Executive’s death and the Company shall be obligated to pay Executive’s estate the Executive’s
accrued and unpaid Salary, any earned but unpaid bonus and other benefits through the termination date. Other than as set
forth in the preceding sentence, the Company shall have no further obligations under this Agreement from and after the date of
termination due to the death of the Executive.

 

    	 	3	 

     

    

 

(e) Severance.
If Executive’s employment by the Company is terminated (i) by the Company without Cause or (ii) upon a Change of Control
pursuant to Section 1(a), then (A) this Agreement shall be deemed to be terminated as of the date Executive ceases to be employed
by the Company and (B) Executive shall be entitled to (i) receive any unpaid Salary and bonus and (ii) continue to receive Executive’s
then Salary for the applicable Severance Period (as defined below) following the effective date of such termination (which shall
be paid in arrears in accordance with the Company’s general payroll practices, over the applicable period commencing on the
date of such termination and subject to withholding and other appropriate deductions) (the “Severance Payments”).
As a condition to receiving the Severance Payments relating to periods following the date of such termination, Executive must sign,
deliver, and not revoke a release in the form attached hereto as Exhibit A, such that it has become effective and enforceable
as a condition to any payment pursuant to this Section 4(e). “Severance Period” shall mean (i) upon
a Change of Control, eighteen (18) months and (ii) in the event Executive’s employment is terminated without Cause, either
(A) initially fifteen (15) months or (B) after the first anniversary of the Effective Date, fifteen (15) months plus one
additional month for every additional four (4) months that Executive has been employed by the Company after the date of this Agreement,
up to a maximum of eighteen (18) months. “Change of Control” shall have the meaning set forth in Treasury Regulation
Section 1.409A-3(i)(5).

 

4. Restrictive
Covenants. In consideration of his employment and the other benefits arising under this Agreement, the Executive agrees
that during the Employment Period, and for eighteen (18) months following the termination of this Agreement, the Executive (or
any affiliate) shall not directly or indirectly:

 

(a) directly
or indirectly, own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be
employed or retained by, render services to, provide financing (equity or debt) or advice to, or otherwise be connected in any
manner with any business located within five (5) miles of any current or future store of the Company, that sells or provides products
or services sold or provided by the Company including, without limitation, the ownership, management or operation of any (i) natural
and/or organic grocery stores or markets or (ii) electronic cigarettes; or

 

(b) for
any reason, (i) induce any material customer or supplier of the Company or any of its subsidiaries or affiliates to patronize or
do business with any business directly or indirectly in competition with the businesses conducted by the Company or any of its
subsidiaries or affiliates in any market in which the Company or any of its subsidiaries or affiliates does business; (ii) canvass,
solicit or accept from any material customer or supplier of the Company or any of its subsidiaries or affiliates any such competitive
business; or (iii) request or advise any material customer, supplier or other provider of services to the Company or any of its
subsidiaries or affiliates to withdraw, curtail or cancel any such customer’s, supplier’s or provider’s business
with the Company or any of its subsidiaries or affiliates; or

 

(c) for
any reason, employ, or knowingly permit any company or business directly or indirectly controlled by his, to employ, any person
who was employed by the Company or any of its subsidiaries or affiliates at or within the prior one (1) year, or in any manner
seek to induce any such person to leave his or his employment.

 

    	 	4	 

     

    

 

5. Specific
Performance; Injunction. The parties agree and acknowledge that the restrictions contained in Section 4 are reasonable
in scope and duration and are necessary to protect the Company or any of its subsidiaries or affiliates. If any provision of Section
4 as applied to any party or to any circumstance is adjudged by a court to be invalid or unenforceable, the same shall in no way
affect any other circumstance or the validity or enforceability of any other provision of this Agreement. If any such provision,
or any part thereof, is held to be unenforceable because of the duration of such provision or the area covered thereby, the parties
agree that the court making such determination shall have the power to reduce the duration and/or area of such provision, and/or
to delete specific words or phrases, and in its reduced form, such provision shall then be enforceable and shall be enforced. The
Executive agrees and acknowledges that the breach of Section 4 or Section 6 will cause irreparable injury to the Company or any
of its subsidiaries or affiliates and upon breach of any provision of such Sections, the Company or any of its subsidiaries or
affiliates shall be entitled to injunctive relief, specific performance or other equitable relief, without being required to post
a bond; provided, however, that, this shall in no way limit any other remedies which the Company or any of its subsidiaries
or affiliates may have (including, without limitation, the right to seek monetary damages).

 

6. Confidentiality.
The Executive agrees that at all times during and after the Employment Period, the Executive shall (i) hold in confidence and refrain
from disclosing to any other party all information, whether written or oral, tangible or intangible, of a private, secret, proprietary
or confidential nature, of or concerning the Company and its subsidiaries, their business and operations, and all files, letters,
memoranda, reports, records, computer disks or other computer storage medium, data, models or any photographic or other tangible
materials containing such information (“Confidential Information”), including without limitation, any sales,
promotional or marketing plans, programs, techniques, practices or strategies, any expansion plans (including existing and entry
into new geographic and/or product markets), and any customer or supplier lists, (ii) use the Confidential Information solely in
connection with the Executive’s employment with the Company and for no other purpose, (iii) take all precautions necessary
to ensure that the Confidential Information shall not be, or be permitted to be, shown, copies or disclosed to any third parties,
without the prior written consent of the Company, and (iv) observe all security policies implemented by the Company from time to
time with respect to the Confidential Information. In the event that the Executive is ordered to disclose any Confidential Information,
whether in a legal or regulatory proceeding or otherwise, the Executive shall provide the Company with prompt notice of such request
or order so that the Company may seek to prevent disclosure. In the case of any disclosure, the Executive shall disclose only that
portion of the Confidential Information that the Executive is ordered to disclose.

 

7. Notices.
 All notices, requests, demands, claims and other communications hereunder shall be in writing and shall be deemed given if
delivered by hand delivery, by certified or registered mail (first class postage pre-paid), guaranteed overnight delivery or facsimile
transmission if such transmission is confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed
overnight delivery to, the following addresses and telecopy numbers (or to such other addresses or telecopy numbers which such
party shall designate in writing to the other parties): (a) if to the Company, at its principal executive offices, addressed to
the President, with a copy to Martin T. Schrier, Cozen O’Connor, 200 South Biscayne Blvd., Suite 3000, Miami, Florida 33131;
and (b) if to the Executive, at the address listed on the signature page hereto.

 

8. Amendment;
Waiver. This Agreement may not be modified, amended, or supplemented, except by written instrument executed by all parties.
No failure to exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver,
nor shall any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power
or privilege. No waiver of any breach of any provision shall be deemed to be a waiver of any preceding or succeeding breach of
the same or any other provision, nor shall any waiver be implied from any course of dealing between the parties.

 

    	 	5	 

     

    

 

9. Assignment;
Third Party Beneficiary. This Agreement, and the Executive’s rights and obligations hereunder, may not be assigned
or delegated by him. The Company may assign its rights, and delegate its obligations, hereunder to any affiliate of the Company,
or any successor to the Company, specifically including the restrictive covenants set forth in Section 4 hereof. The rights and
obligations of the Company under this Agreement shall inure to the benefit of and be binding upon its respective successors and
assigns.

 

10. Severability;
Survival. In the event that any provision of this Agreement is found to be void and unenforceable by a court of competent
jurisdiction, then such unenforceable provision shall be deemed modified so as to be enforceable (or if not subject to modification
then eliminated herefrom) to the extent necessary to permit the remaining provisions to be enforced in accordance with the parties
intention. The provisions of Section 4 and 6 will survive the termination for any reason of the Executive’s relationship
with the Company.

 

11. Governing
Law. This Agreement shall be construed in accordance with and governed for all purposes by the laws of the State of Florida
applicable to contracts executed and to be wholly performed within Florida.

 

12. Construction.
This Agreement shall be construed as a whole according to its fair meaning and not strictly for or against any party. The parties
acknowledge that each of them has reviewed this Agreement and has had the opportunity to have it reviewed by their respective attorneys
and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply
in the interpretation of this Agreement.

 

13. Withholding.
All payments made to the Executive shall be made net of any applicable withholding for income taxes and the Executive’s share
of FICA, FUTA or other taxes. The Company shall withhold such amounts from such payments to the extent required by applicable law
and remit such amounts to the applicable governmental authorities in accordance with applicable law.

 

14. Attorneys’
Fees. In the event any legal proceeding is brought to enforce or interpret any part of this Agreement, the prevailing Party
in such legal proceeding shall be entitled to an award of reasonable attorneys’ fees and costs incurred by the prevailing
Party in such legal proceeding, at the trial level and at the appellate level and whether or not such proceeding is prosecuted
to final judgment.

 

[REMAINDER OF PAGE
BLANK]

 

    	 	6	 

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement effective as of the date first above written.

 

	 	Healthier Choices Management Corp.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/ Jeffrey Holman
	 		Name: Jeffrey Holman
	 		Title: Chief Executive Officer
	 	 	 
	 	Executive:
	 	 	 
	 	/s/ Christopher Santi
	 	Name: 	Christopher Santi

 

Signature Page for Amended and Restated
Employment Agreement

 

     

     

    

 

Exhibit A

 

Release

 

1. Release.
I, Christopher Santi, do hereby release and discharge Healthier Choices Management Corp. and each of its parent companies, subsidiaries,
each of the respective direct and indirect equity owners of any of the foregoing, each of the respective Affiliates of any of the
foregoing, and each of the respective officers, directors, members, managers, partners, equity owners, employees, representatives
and agents of any of the foregoing (collectively, the “Employer Affiliates”, and each an “Employer
Affiliate”) from any and all claims, demands or liabilities whatsoever, whether known or unknown or suspected to exist
by me, which I ever had or may now have against any Employer Affiliate, from the beginning of time to the Effective Date (as defined
below), including, without limitation, any claims, demands or liabilities in connection with my employment, including wrongful
termination, constructive discharge, breach of express or implied contract, unpaid wages, benefits, attorneys’ fees or pursuant
to any federal, state, or local employment laws, regulations, or executive orders prohibiting inter alia, age, race, color,
sex, national origin, religion, handicap, veteran status, and disability discrimination, including, without limitation, the Age
Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, the Civil
Rights Act of 1866, the Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act of 1990, and any similar
state statute or any state statute relating to employee benefits or pensions but specifically excluding claims, demands or liabilities
related to my ownership of equity in Holdings or for indemnification in connection with my service as a director or officer of
the Company or any of its Affiliates. I fully understand that if any fact with respect to which this Release is executed is found
hereafter to be other than or different from the facts believed by me to be true, I expressly accept and assume the risk of such
possible difference in fact and agree that the release set forth herein shall be and remain effective notwithstanding such difference
in fact. I acknowledge and agree that no consideration other than as provided for by the Amended and Restated Employment Agreement
has been or will be paid or furnished by any Employer Affiliate.

 

2. Covenant
Not to Sue. I covenant and agree never, individually or with any person or in any way, to commence, aid in any way, prosecute
or cause or permit to be commenced or prosecuted against any Employer Affiliate any action or other proceeding, including, without
limitation, an arbitration or other alternative dispute resolution procedure, based upon any claim, demand, cause of action, obligation,
damage, or liability that is the subject of this Release. I represent and agree that I have not and will not make or file or cause
to be made or filed any claim, charge, allegation, or complaint that is the subject of this Release, whether formal, informal,
or anonymous, with any governmental agency, department or division, whether federal, state or local, relating to any Employer Affiliate
in any manner, including without limitation, any Employer Affiliate’s business or employment practices. I waive any right
to monetary recovery should any administrative or governmental agency or entity pursue any claim on my behalf.

 

    	 	A-1	 

     

    

 

3. Indemnification.
I agree to indemnify and hold each Employer Affiliate harmless from and against any and all claims, including each Employer Affiliate’s
court costs and reasonable attorneys’ fees actually incurred, arising from or in connection with any claim, action, or other
proceeding made, brought, or prosecuted, or caused or permitted to be commenced or prosecuted, by me, my successor(s), or my assign(s)
contrary to the provisions of this Release. It is further agreed that this Release shall be deemed breached and a cause of action
accrued thereon immediately upon the commencement of any action contrary to this Release, and in any such action this Release may
be pleaded by the Employer Affiliates, or any of them, both as a defense and as a counterclaim or cross-claim in such action.

 

4. Important
General Provisions. If any provisions of this Release is held to be invalid or unenforceable by a court of competent jurisdiction,
such invalidity or unenforceability shall not affect the validity and enforceability of the other provisions of this Release,
and the provision held to be invalid or unenforceable shall be modified by the court finding such provisions invalid or
unenforceable so that as revised the provision shall comply with the original terms and intent as nearly as possible and in such
revised form shall be valid and enforceable. The provisions of this Release shall
be governed by, and construed and enforced in accordance with,
the laws of the State of Florida, both substantive and remedial. The undersigned
hereby waives trial by jury in any judicial proceeding involving, directly or indirectly,
any matter (whether in tort, contract
or otherwise) in any way arising out of, related to, or connected hereto,
the Amended and Restated Employment Agreement or this Release.

 

5. Right
to Consult Attorney. I ACKNOWLEDGE THAT I HAVE BEEN ADVISED, IN WRITING, TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS
RELEASE.

 

6. Waiver
of Claims. Pursuant to the Older Workers Benefit Protection Act (“OWBPA”), which applies to the waiver of
rights under the Age Discrimination in Employment Act, I hereby state that I have had a period of 21 calendar days from the date
I was presented with this Release within which to consider this Release and my decision to execute the same, that I have carefully
read this Release, that I have had the opportunity to have it reviewed by an attorney, that I fully understand its final and binding
effect, that the only promises made to me to sign this Release are those stated in this Release and the Amended and Restated Employment
Agreement, and that I am signing voluntarily with the full intent of releasing the Employer Affiliates of all claims subject to
this Release. I acknowledge that I shall have a period of seven calendar days following my execution of this Release to revoke
this Release. This Release, including any obligation to pay severance under the Amended and Restated Employment Agreement, shall
not become effective if I timely exercise this right of revocation. To be effective, any such notice of revocation must be in writing,
and must be received within said seven day period. This Release shall become effective upon expiration of said revocation period,
if I have not prior thereto exercised my right of revocation (the “Effective Date”).

 

	 	 
	Name: Christopher Santi	 

 

Date:______________________________

 

    	 	A-2

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