Document:

Filed by OTC Filings Inc. - www.otcedgar.com - 1-866-832-FILE (3453) - CHUMA HOLDINGS, INC. - Exhibit 10.2

  
 EXECUTIVE EMPLOYMENT AGREEMENT
 THIS EMPLOYMENT AGREEMENT, dated June 18, 2014 (the “Agreement”), is between CANNAMED CORPORATION, a Nevada corporation (the “Company”), and VINISHA AGNIHOTRI
 1.                  POSITION AND RESPONSIBILITIES
 a.                  Position.   The Company hereby employs Executive as Vice President (“VP”), and Executive hereby accepts employment with the Company as VP, upon the terms and conditions set forth in this Agreement for the Employment Term (as defined below).  Executive shall report to the Company’s President, Chief Executive Officer, and the Board of Directors. In addition to having such duties, powers, and responsibilities customarily conferred upon a vice president of a corporation similar in size, type, and nature, Executive shall be responsible for banking and payment processing solutions, science initiatives and relations, and any other matter the Executive, President, Chief Executive Officer, or the Board of Directors deems a priority. Executive shall devote her best efforts, skill, knowledge, and attention to the business of the Company in the performance of her duties.
 b.                  No Conflict.  Executive represents and warrants that Executive’s execution of this Agreement, Executive’s employment with the Company, and the performance of Executive’s duties under this Agreement, do not and will not violate any obligations the Executive may have to any other employer, person or entity, including any obligations with respect to proprietary or confidential information of any other person or entity. 
 c.                   D-Helix Employment.  Executive currently serves as D-Helix, Inc.’s Chief Executive Officer. Executive is also a member of that entity’s Board of Directors. D-Helix, Inc. is an early stage biotechnology company currently raising capital. Executive’s affiliation and responsibilities with D-Helix have been fully disclosed to the Company. Executive represents and warrants that D-Helix does not operate within the legal cannabis space and does not otherwise compete with the Company’s current or contemplated businesses, directly or indirectly. As of this Agreement’s execution, the Company acknowledges that Executive’s current work with D-Helix does not constitute Competition for purposes of Section 7 of this Agreement. To the extent that a conflict arises and there is Competition between the Company and D-Helix, Inc., Executive shall notify the Company’s Chief Executive Officer and the Board of D-Helix Inc. in writing within two business days of the discovery.
  
  
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 2.                  COMPENSATION AND BENEFITS
 a.                  Base Salary.   In consideration of the services to be rendered under this Agreement, the Company shall pay Executive a monthly base salary of $4,000, less all applicable wage deductions (“Base Salary”).  The Base Salary shall be paid to Executive in accordance with the Company’s regularly established payroll practice. The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting wages and may be adjusted in the sole discretion of the Company.
 b.                  Equity Compensation.   As further consideration for the services to be rendered under this Agreement and subject to approval of the Company’s Board of Directors, Executive will be granted an option to purchase 400,000 shares of the Company’s common stock (the “Option”). The Executive will be required to sign an option agreement setting forth the terms and conditions of the Option. 25% of the shares underlying the Option (i.e., 100,000) shall vest and become exercisable six months from the Company’s execution of this Agreement. After the six month anniversary of this Agreement, the remaining 300,000 shares underlying the Option shall vest and become exercisable in equally monthly installments (i.e., 1/18 each month) over the Employment Term (defined below). If Executive is terminated, resigns, or otherwise ceases employment with the Company, the Option, to the extent unvested, shall automatically terminate and will not be exercisable. The impact of separate from service will be more fully described in the option agreement. The exercise price per share will be equal to the closing bid price of the Company’s common stock on the date this Agreement and the Option are formally approved and ratified by the Company’s Board of Directors. 
 c.                   Bonus.   Executive may be eligible to receive a discretionary annual bonus, to be determined in the sole and absolute discretion of the Board of Directors (the “Board”), based upon the Board’s evaluation of the performance of Executive, the hours worked, the Company’s operating results and such other criteria as may be determined by the Board to be relevant.  Executive must be employed on the date such bonus, if any, is paid in order to be eligible for same. In order to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the regulations and guidance promulgated thereunder, it is agreed that the bonus, if any, earned under this Section shall be paid no later than March 15th of the calendar year immediately following the calendar year in which the fiscal year to which such bonus related ended. 
 d.                  Expenses.   Upon presentation of verifiable invoices and other documentation as may be requested by the Company, the Company shall reimburse Executive for reasonable business expenses incurred in the performance of Executive’s duties hereunder in accordance with the Company’s expense reimbursement guidelines; provided, however, Executive must receive prior written consent from the Chief Executive Officer before incurring expenses or a series of related expenses greater than $1,000. 
 e.                   Vacation and Holidays.   Employee shall be entitled to 15 days of vacation per year, in addition to standard holidays.  If an observed holiday occurs during Executive’s vacation, Executive’s vacation will be extended by the number of observed holidays falling during the vacation period or an equal number of vacation days will be carried forward for future use.  If any scheduled paid holiday falls on a Saturday, the holiday will usually be observed on the preceding Friday.  If a scheduled paid holiday falls on a Sunday, the following Monday will usually be observed as the holiday.
 

 
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 3.                  TERM OF EMPLOYMENT
 Executive’s employment shall begin on the date of this Agreement and shall continue for a period of two years, unless terminated earlier by either party pursuant to Section 4 of this Agreement (the “Employment Term”).  At the end of the Employment Term, this Agreement may be extended or renewed with the mutual, written consent of the Company and the Executive in increments of one (1) year.
 4.                  Termination
 ThisAgreementmaybeterminatedbyeitherpartyatanytimeandforany reasonbefore the expirationof the employmentterm in accordancewith the followingprovisions, and in the event of such terminationthe Company shall have no financialobligationto Executiveexceptto payherBased Salarythroughthedateofterminationandtocontinueany otheremployment benefits that the company electedto provide throughthe dateof termination:
 a.                  Termination by Executive.   Executive may terminate her employment with the Company at any time for any reason or no reason, upon four (4) weeks advance written notice.  During such notice period Executive shall continue to diligently perform all of Executive’s duties hereunder.  The Company shall have the option, in its sole discretion, to make Executive’s termination effective at any time prior to the end of such notice period as long as the Company pays Executive all compensation then due.  Thereafter all obligations of the Company to the Executive shall cease.
 b.                  Termination by Company.   The Company may terminate Executive’s employment with the Company at any time for any reason or no reason, with or without notice. If the Company terminates Executive’s employment for any reason, the Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, subject to any other rights or remedies of the Company under law, and thereafter all obligations of the Company under this Agreement shall cease. 
 c.                   Termination By Death.   Executive’s employment shall terminate automatically upon the Executive’s death.  The Company shall pay to Executive’s beneficiaries or estate, as appropriate, any compensation then due and owing up through the date of Executive’s death.  Thereafter all obligations of the Company under this Agreement shall cease.  Nothing in this Section 4(c) shall affect any entitlement of Executive’s heirs or devisees to the benefits of any life insurance plan or other applicable benefits.
 d.                  Termination By Disability.   If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment.  The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease.  Nothing in this Section 4(d) shall affect Executive’s rights under any disability plan in which Executive is a participant.
  
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 5.                  Termination Obligations
 a.                  Return of Property.   Executive agrees that all property (including without limitation all electronic devices, equipment, tangible proprietary information, documents, records, notes, contracts and computer-generated materials) which was furnished, created, or prepared incidentally to Executive’s employment belongs to the Company and shall be promptly returned to the Company upon termination of Executive’s employment.
 b.                  Resignation and Cooperation.   Upon termination of Executive’s employment, Executive shall be deemed to have resigned from all offices and managerships then held with the Company.  Following any termination of employment, Executive shall cooperate with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other employees.  Executive shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Executive’s employment by the Company.
 6.                  CONFIDENTIAL INFORMATION
 a.                  Obligation to Maintain Confidentiality.   Executive acknowledges that the continued success of the Company depends upon the use and protection of a large body of confidential and proprietary information.  All of such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as “Confidential Information”.  Confidential Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related to the Company’s prior, current or potential business and (ii) is not generally or publicly known.  Confidential Information includes, without specific limitation, the information, observations and data obtained by Executive during the course of the Employment Term and his performance under this Agreement concerning the business and affairs of the Company, information concerning acquisition opportunities in or reasonably related to the Company’s business or industry of which Executive is aware or becomes aware during the Employment Term, the persons or entities that are current, former or prospective suppliers or customers of any one or more of them during the course of Executive’s performance under this Agreement, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans regarding planned and potential sales, financial and business plans, employee lists and telephone numbers, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of providing service, support and equipment.  Therefore, Executive agrees that during the Employment Term and for two years thereafter he shall not disclose to any unauthorized person or use for his own account (or the account of any affiliated entity) any of such Confidential Information without the Company’s prior written consent, unless and to the extent that any Confidential Information: (i) becomes generally known to and available for use by the public other than as a result of Executive’s acts or omissions to act or (ii) is required to be disclosed pursuant to any applicable law or court order.  Executive agrees to deliver to the Company at the end of the Employment Term, or at any other time the Company may request in writing, all memoranda, notes, plans, records, reports and other documents (and copies thereof) relating to the business of the Company (including, without limitation, all Confidential Information) that he may then possess or have under his control.
  
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 a.                  Ownership of Intellectual Property.   Executive agrees to make prompt and full disclosure to the Company of all ideas, discoveries, trade secrets, inventions, innovations, improvements, developments, methods of doing business, processes, programs, designs, analyses, drawings, reports, data, software, firmware, logos and all similar or related information (whether or not patentable and whether or not reduced to practice) that relate to the Company’s actual or anticipated business, research and development, or existing or future products or services and that are conceived, developed, acquired, contributed to, made, or reduced to practice by Executive (either solely or jointly with others) while employed by the Company (collectively, “Work Product”).  Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” under the copyright laws of the United States, and ownership of all rights therein shall vest in the Company.  To the extent that any Work Product is not deemed to be a “work made for hire”, Executive hereby assigns and agrees to assign to the Company all right, title and interest, including without limitation, the intellectual property rights that Executive may have in and to such Work Product.  Executive shall promptly perform all actions reasonably requested by the Chief Executive Officer (whether during or after the Employment Term) to establish and confirm the Company’s ownership (including, without limitation, providing testimony and executing assignments, consents, powers of attorney, and other instruments).  Executive understands, however, that there is no obligation being imposed on him to assign to the Company, any invention falling within the definition of Work Product for which no equipment, supplies, facility, or trade secret information of the Company was used and that was developed entirely on his own time, unless: (i) such Work Product relates (A) to the Company’s businesses or (B) to their actual or demonstrably anticipated research or development, or (ii) the Work Product results from any work performed by him for them under this Agreement.
 b.                  Third Party Information.   Executive understands that the Company will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes.  During the Employment Term and thereafter, and without in any way limiting the provisions of Section 6, Executive will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel of the Company who need to know such information in connection with their work for the Company) or use, except in connection with his work for the Company, Third Party Information unless expressly authorized in writing by the Manager.
 c.                   Use of Information of Prior Employers.   Executive represents and warrants and covenants that Executive shall not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others at any time, including but not limited to any proprietary information or trade secrets of any former employer, if any; and Executive acknowledges and agrees that any violation of this provision shall be grounds for Executive’s immediate termination and could subject Executive to substantial civil liabilities and criminal penalties.  Executive further specifically and expressly acknowledges that no officer or other Executive or representative of the Company has requested or instructed Executive to disclose or use any such third party proprietary information or trade secrets.
  
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 7.                  Non-Compete, Non-Solicitation
 a.                  In further consideration of the Company’s hiring of Executive and the compensation to be paid to Executive hereunder, Executive acknowledges that during the course of her employment with the Company he shall become familiar with the Company’s trade secrets and with other Confidential Information concerning the Company and that her services shall be of special, unique and extraordinary value to the Company, and therefore, Executive agrees that, during the Employment Term and for one year thereafter (the “Noncompete Period”), he shall not engage in Competition anywhere in California unless he first obtains the Company’s written consent (which may be given or withheld in the Company’s sole discretion).
 b.                  For purposes of this Agreement, to engage in “Competition” shall mean to: (i) directly or indirectly, own any interest in, manage, control, participate in, consult with, render services for, operate or in any manner engage in any business in which the Company engages, or, to Executive’s knowledge at the date of termination of the Employment Term, has plans to engage (including, without limitation, if the Company, at the date of termination of the Employment Term, is negotiating, or has entered into, an agreement for an acquisition, joint venture or other transaction or the Chief Executive Officer has approved, on or prior to such date, any new line of business, new geographic area, pursuing any acquisition or other similar action) directly or through third parties marketed or sold at the date of termination of the Employment Term (provided that Executive shall not be prohibited from owning up to 5% of the outstanding stock of a corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation), or (ii) induce or attempt to induce any employee of the Company to leave the employ of the Company, or in any way actively interfere with the relationship between the Company and any employee thereof, or (iii) hire directly or through another entity any person who was employed by the Company at any time during the Noncompete Period, within twelve (12) months following the date of termination of such person’s employment with the Company, or (iv) induce or attempt to induce any customer, supplier, licensee or other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship between the Company and any customer, supplier, licensee or other business relation thereof (including, without limitation, by inducing or attempting to induce any such person or entity to reduce the amount of business it does with the Company).
 c.                   During the Employment Term and at all times thereafter, Executive shall not disparage the Company or any of their respective investors, officers, managers, employees, agents or representatives, or any of the Company’s products or services; provided, that the foregoing shall not prohibit Executive from making any general competitive statements or communications about the Company or its businesses in the ordinary course of competition after the Noncompete Period has expired.  The Company agrees that it shall not issue any public statements disparaging the Executive.  Notwithstanding the foregoing, nothing in this Section 7 shall prevent Executive or the Company from enforcing either party’s rights under this Agreement or any other agreement to which Executive and the Company are a party, or otherwise limit such enforcement.
 d.                  Executive hereby acknowledges that the enforcement of the provisions of this Section 7 may potentially interfere with her ability to pursue employment opportunities with some third parties.  Executive recognizes and agrees that the enforcement of this Agreement is necessary to ensure the preservation, protection and continuity of the business, trade secrets and goodwill of the Company.  Executive agrees that, due to the proprietary nature of the Company’s businesses, the restrictions set forth in this Agreement are reasonable as to time and scope.  Executive hereby acknowledges that he has been advised to consult with an attorney before executing this Agreement and that he has done so or, after careful reading and consideration, he has chosen not to do so of her own volition.
  
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 8.                  Amendments; Waivers; Remedies
 This Agreement may not be amended or waived except by a writing signed by Executive and by a duly authorized representative of the Company other than Executive.  Failure to exercise any right under this Agreement shall not constitute a waiver of such right.  Any waiver of any breach of this Agreement shall not operate as a waiver of any subsequent breaches.  All rights or remedies specified for a party herein shall be cumulative and in addition to all other rights and remedies of the party hereunder or under applicable law.
 9.                  Assignment; Binding Effect
 a.                  Assignment.   The performance of Executive is personal hereunder, and Executive agrees that Executive shall have no right to assign and shall not assign or purport to assign any rights or obligations under this Agreement.  This Agreement may be assigned or transferred by the Company; and nothing in this Agreement shall prevent the consolidation, merger or sale of the Company or a sale of any or all or substantially all of its assets.
 b.                  Binding Effect.   Subject to the foregoing restriction on assignment by Executive, this Agreement shall inure to the benefit of and be binding upon each of the parties; the affiliates, officers, managers, agents, successors and assigns of the Company; and the heirs, devisees, spouses, legal representatives and successors of Executive.
 10.                  Notices
 All notices or other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered:  (a) by hand; (b) by a nationally recognized overnight courier service; or (c) by United States first class registered or certified mail, return receipt requested, to the principal address of the other party.  The date of notice shall be deemed to be the earlier of: (i) actual receipt of notice by any permitted means, or (ii) five business days following dispatch by overnight delivery service or the United States Mail.  Executive shall be obligated to notify the Company in writing of any change in Executive’s address.
 11.                  Severability
 If any provision of this Agreement shall be held by a court or arbitrator to be invalid, unenforceable, or void, such provision shall be enforced to the fullest extent permitted by law, and the remainder of this Agreement shall remain in full force and effect.  In the event that the time period or scope of any provision is declared by a court or arbitrator of competent jurisdiction to exceed the maximum time period or scope that such court or arbitrator deems enforceable, then such court or arbitrator shall reduce the time period or scope to the maximum time period or scope permitted by law.
  
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 12.                  Taxes 
 All amounts paid under this Agreement (including without limitation Base Salary) shall be paid to Executive after all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction. Executive shall be solely responsible for any other personal tax obligations arising out of or incurred in connection with the compensation paid pursuant to this Agreement.
 13.                  Governing Law; DISPUTE RESOLUTION
 The parties agree that any dispute, controversy or claim between Executive and the Company based on, arising out of or relating to Executive’s employment under this Agreement or the termination of same, including, without limitation, any and all claims under Title VII of the Civil Rights Acts of 1964 as amended, the Civil Rights Act of 1870, the Americans with Disabilities Act of 1990 as amended, the Americans with Disabilities Act Amendments Act of 2008, the Age Discrimination in Employment Act as amended, the Older Workers Benefit Protection Act, the Fair Labor Standards Act of 1938 as amended by the Equal Pay Act of 1963, the Lilly Ledbetter Fair Pay Act of 2009, the Family and Medical Leave Act, the Employee Retirement Income Security Act of 1974, the Civil Rights Act of 1991, the Genetic Information Nondiscrimination Act of 2008, the Consolidated Omnibus Budget Reconciliation Act, the U.S. Patriot Act, the Sarbanes-Oxley Act of 2002, the Dodd–Frank Wall Street Reform and Consumer Protection Act, and any other federal, state or local civil rights, disability, discrimination, retaliation or labor law, or any theory of contract, criminal, arbitral or tort law, shall be settled by final and binding arbitration in Clark County, Nevada, administered by the American Arbitration Association (“AAA”) pursuant to the National Rules for the Resolution of Employment Disputes of the AAA (“Rules of the AAA”). This Agreement shall be construed in accordance with the laws of the State of Nevada without reference to the conflict of laws provisions thereof, and judgment upon any resulting arbitration award may be entered in any court of competent jurisdiction.
 14.                  Interpretation
 This Agreement shall be construed as a whole, according to its fair meaning, and not in favor of or against any party.  Sections and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning or interpretation of this Agreement.  Whenever the context requires, references to the singular shall include the plural and the plural the singular and references to the masculine pronoun shall include the feminine and the neuter, and the singular shall include the plural.  This Agreement and the provisions contained herein shall not be construed or interpreted for or against any party hereto because that party drafted or caused that party’s legal representative to draft any of its provisions. 
 15.                  OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT
 Executive agrees that any and all of Executive’s obligations under this Agreement (other than Section 1) shall survive the termination of employment and the termination of this Agreement in accordance with their terms. 
 16.                  Counterparts
 This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument. 
 17.                  Authority
 Each party represents and warrants that such party has the right, power and authority to enter into and execute this Agreement and to perform and discharge all of its obligations hereunder; and that this Agreement constitutes the valid and legally binding agreement and obligation of such party and is enforceable in accordance with its terms.
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 18.                  Entire Agreement
 This Agreement constitutes the entire agreement of the Company and Executive relating to the subject matter hereof and supersedes all prior oral and written understandings and agreements relating to such subject matter.  To the extent that the practices, policies or procedures of the Company, now or in the future, apply to Executive and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control.
 19.                  EXECUTIVE ACKNOWLEDGMENT
 EXECUTIVE ACKNOWLEDGES EXECUTIVE HAS HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL CONCERNING THIS AGREEMENT, THAT EXECUTIVE HAS READ AND UNDERSTANDS THE AGREEMENT, THAT EXECUTIVE IS FULLY AWARE OF ITS LEGAL EFFECT, AND THAT EXECUTIVE HAS ENTERED INTO IT FREELY BASED ON EXECUTIVE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS AGREEMENT.
 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above.
  	 CANNAMED CORPORATION
 By: /s/ Jordan Shapiro
 Jordan Shapiro,
 its CEO
	                                 EXECUTIVE:
                     /s/ Vinisha Agnihotri
 Vinisha Agnihotri, 
an individual

  
  	 9Exhibit
10.1

 

SETTLEMENT
AGREEMENT AND RELEASE

 

This
Settlement Agreement and Release (this “Agreement”) is entered into as of October 7, 2014 (the “Effective
Date”) by and between (a) Richard Johnson (“Johnson”), (b) Peter Bianchi (“Bianchi”),
and (c) Unique Growing Solutions, Inc. (formerly known as Alternative Energy and Environmental Solutions, Inc.), a Nevada corporation
(the “Company”). Collectively, Johnson, Bianchi, and the Company shall be referred to as the “Parties”
and individually each shall be referred to as a “Party”.

 

BACKGROUND

 

WHEREAS,
Johnson is a member of the Company’s Board of Directors (the “Board”);

 

WHEREAS,
Johnson is the Company’s sole officer;

 

WHEREAS,
Johnson owns 25 million shares of the Company’s common stock which amounts to control of 58% of the Company’s shares
of common stock outstanding (“Johnson’s Shares”);

 

WHEREAS,
Bianchi is a member of the Board;

 

WHEREAS,
Johnson and the Company disagree on the future direction of the Company;

 

WHEREAS,
Johnson would like a business he operates to be a sales and leasing concern catering to the greenhouse agricultural industry focusing
on the organic and natural food industry as well as the emerging cannabis sector;

 

WHEREAS,
the Company does not agree this should be the business plan of the Company; and

 

WHEREAS,
Johnson and Bianchi wish to separate themselves from the Company.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to
be legally bound hereby, the Parties hereby agree as follows:

 

AGREED
TERMS

 

	 	1.	Resignation
    of Johnson. On the Effective Date, Johnson will submit to the Company, and the Company will accept, a letter of resignation,
    in which Johnson resigns, effective immediately, as a member of the Board and as the sole officer of the Company.

 

    	

    	 

    

 

		2.	Resignation
                                         of Bianchi. On the Effective Date, Bianchi will submit to the Company, and the Company
                                         will accept, a letter of resignation, in which Bianchi resigns, effective immediately,
                                         as a member of the Board.

 

	 	3.	Cancellation
    of Johnson’s Shares. On the Effective Date, Johnson will return any physical share certificates evidencing Johnson’s
    Shares to the Company so that the Company may cancel Johnson’s Shares.

 

	 	4.	Preferred
    Shares Will Not Be Issued to Johnson. Notwithstanding the terms of the employment agreement signed by Johnson and the
    Company on August 1, 2014, Mr. Johnson will not be issued any shares of preferred stock once one or more Certificates of Designations,
    Preferences, and Rights of Preferred Stock is filed with the State of Nevada.

 

	 	5.	Two
    Months’ Salary to be Paid to Johnson. The Company will pay Johnson Forty Thousand dollars ($40,000) as provided
    herein. This sum represents Johnson’s salary for the two months he was the sole officer of the Company.

 

	 	6.	One-Time
Consulting Fee to be Paid to Johnson. The Company will pay Johnson a one-time consulting fee of Twelve Thousand dollars ($12,000)
as provide herein. The total sum that the Company will pay to Johnson is Fifty Two Thousand dollars ($52,000) (the “Settlement
Payment”). The Settlement Payment shall be paid by wire from the Company to Johnson not later than three business days
after the Effective Date.

 

	 	7.	Issuance
    of 100,000 Shares of Company Stock to Johnson. Not later than three business days after the Effective Date, the Company
    shall instruct its transfer agent to issue 100,000 shares of the Company’s common stock to Johnson (the “Initial
    Issuance”).

 

	 	8.	Issuance
    of Additional 100,000 Shares of Company Stock to Johnson. In the event that the Company completes the acquisition of a
    food company to which Johnson introduced the Company, the Company shall instruct its transfer agent to issue 100,000
    shares of the Company’s common stock to Johnson on the date such acquisition is completed (the “Second Issuance”).
    For the sake of clarity, the Second Issuance, if issued, shall be in addition to the Initial Issuance.

 

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		9.	Renaming
                                         of Company. Not later than three business days after the Company’s transfer
                                         agent confirms to the Company that Johnson’s Shares have been cancelled, the Company
                                         shall file a Certificate of Amendment to its Articles of Incorporation with the State
                                         of Nevada changing its name from Unique Growing Solutions, Inc. to another name. The
                                         Company shall notify the other Parties of the new name of the Company not later than
                                         three business days after the Company files the Certificate of Amendment to its Articles
                                         of Incorporation with the State of Nevada. For the sake of clarity, the filing of this
                                         Certificate of Amendment will insure that the Company does not stop Johnson from utilizing
                                         the name “Unique Growing Solutions, Inc.” as the name of an entity Johnson
                                         operates in the future.
	 	 	 
	 	10.	Stock
                                  Purchase Agreements and Warrant Purchase Agreements Null and Void. Johnson understands that
                                  any Stock Purchase Agreements between a shareholder of the Company and any of the following
                                  people or entities and Warrant Purchase Agreements between a warrant holder of the Company and
                                  any of the following people or entities, whether or not signed by one or both parties to such
                                  Stock Purchase Agreements or Warrant Purchase Agreements, are hereby null and void: Johnson,
                                  Artesian Ventures, Jesse F. Ortega, Chris Johnson, Blake Johnson, and Sabrina Johnson.
	 	 	 
	 	11.	Non-Compete.
                                  For twelve months following the Effective Date, the Company agrees to not start a new entity
                                  that operates as a sale and leasing concern catering to the greenhouse agricultural industry
                                  focusing on the organic and natural food industry as well as the emerging cannabis sector.
	 	 	 
	 	12.	Restricted
                                  Securities and Transfer Restrictions. Johnson understands that the shares of the Company’s
                                  common stock issued pursuant to the Initial Issuance and, if applicable, the Second Issuance,
                                  are characterized as “restricted securities” under the Securities Act of 1933, as
                                  amended (the “Securities Act”), inasmuch as this Agreement contemplates that
                                  the Initial Issuance and, if applicable, the Second Issuance, would be transactions not involving
                                  a public offering. The Initial Issuance and, if applicable, the Second Issuance, are being effected
                                  in reliance upon an exemption from registration afforded under Section 4(2) of the Securities
                                  Act, and, as such, the shares of the Company’s common stock issued pursuant to the Initial
                                  Issuance and, if applicable, the Second Issuance will bear a restrictive legend. Johnson acknowledges
                                  that the shares of the Company’s common stock issued pursuant to the Initial Issuance
                                  and, if applicable, the Second Issuance may not be resold without registration under the Securities
                                  Act or the existence of an exemption therefrom or in a transaction not subject thereto. Johnson
                                  represents that he is familiar with Rule 144 promulgated by the Securities and Exchange Commission
                                  pursuant to the Securities Act, as presently in effect, and understands the resale limitations
                                  imposed thereby and by the Securities Act.

 

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	 	13.	Taxes.
                                         Johnson shall be solely responsible for, and is legally bound to make payment of,
                                         any taxes determined to be due and owing (including penalties and interest related thereto)
                                         by him to any federal, state, local, or regional taxing authority as a result of the
                                         Settlement Payment and/or the Initial Issuance and, if applicable, the Second Issuance.
                                         Johnson understands that the Company has not made, and it does not rely upon, any representations
                                         regarding the tax treatment of the sums paid pursuant to this Agreement. Moreover, Johnson
                                         agrees to indemnify and hold the Company harmless in the event that any governmental
                                         taxing authority asserts against the Company any claim for unpaid taxes, failure to withhold
                                         taxes, penalties, or interest based upon the payment of the Settlement Payment and/or
                                         the Initial Issuance and, if applicable, the Second Issuance.
	 		
	 	14.	Mutual
                                         Release. Johnson and Bianchi on behalf of themselves and all persons acting by, through,
                                         under, or in concert with Johnson and Bianchi, and the Company, on behalf of itself,
                                         its predecessors, successors, direct and indirect parent companies, direct and indirect
                                         subsidiary companies, companies under common control with any of the foregoing, affiliates
                                         and assigns, and its and their past, present, and future officers, directors, shareholders,
                                         interest holders, members, partners, attorneys, agents, employees, managers, representatives,
                                         assigns, and successors in interest, and all persons acting by, through, under, or in
                                         concert with the Company, and each of them, hereby release and discharge the other Parties,
                                         together with all persons acting by, through, under, or in concert with Johnson and Bianchi,
                                         and together with the Company’s predecessors, successors, direct and indirect parent
                                         companies, direct and indirect subsidiary companies, companies under common control with
                                         any of the foregoing, affiliates and assigns and its and their past, present, and future
                                         officers, directors, shareholders, interest holders, members, partners, attorneys, agents,
                                         employees, managers, representatives, assigns and successors in interest, and all persons
                                         acting by, through, under or in concert with the Company, and each of them, from all
                                         known and unknown charges, complaints, claims, grievances, liabilities, obligations,
                                         promises, agreements, controversies, damages, actions, causes of action, suits, rights,
                                         demands, costs, losses, debts, penalties, fees, wages, medical costs, pain and suffering,
                                         mental anguish, emotional distress, expenses (including attorneys’ fees and costs
                                         actually incurred), and punitive damages, of any nature whatsoever, known or unknown,
                                         which any Party has, or may have had, against any other Party, whether or not apparent
                                         or yet to be discovered, or which may hereafter develop, for any acts or omissions related
                                         to or arising from:

 

    	4

    	 

    

 

	 	 	a.	The
                                         dispute between Johnson and the Company as to Johnson wanting to operate a business as
                                         a sales and leasing concern catering to the greenhouse agricultural industry focusing
                                         on the organic and natural food industry as well as the emerging cannabis sector (the
                                         “Dispute”);
	 	 	 	 
	 	 	b.	an
                                         agreement between the Company and any other Party;
	 	 	 	 
	 	 	c.	any
                                         other matter between the Company and any other Party; and/or
	 	 	 	 
	 	 	d.	any
                                         claims under federal, state, or local law, rule or regulation.
	 	 	 	 
	 	 	This
                   Agreement resolves any claim for relief that is, or could have been alleged, no matter how characterized, including,
                   without limitation, compensatory damages, damages for breach of contract, bad faith damages, reliance damages,
                   liquidated damages, damages for humiliation and embarrassment, punitive damages, costs and attorneys’
                   fees related to or arising from the Dispute.
	 	 	 	 
	 	15.	No
                       Outstanding or Known Future Claims/Causes of Action by the Company. The Company affirms that it has
                       not filed with any governmental agency or courts any type of action or report against any other Party,
                       and currently knows of no existing act or omission by any other Party that may constitute a claim or liability
                       excluded from the release in paragraph 14 above.

 

    	5

    	 

    

 

	 	16.	No Outstanding
                   or Known Future Claims/Causes of Action by Johnson and Bianchi Against the Company. Johnson and Bianchi
                   affirm that they have not filed with any governmental agency or courts any type of action or report against
                   the Company, and currently knows of no existing act or omission by the Company that may constitute a claim
                   or liability excluded from the release in paragraph 14 above.
	 	 	 
	 	17.	Acknowledgment
                       of Settlement by the Company. The Company, as broadly described in paragraph 14 above, acknowledges
                       that (i) the consideration set forth in this Agreement, which includes, but is not limited to, the Settlement
                       Payment and the Initial Issuance and, if applicable, the Second Issuance, is in full settlement of all
                       claims or losses of whatsoever kind or character that they have, or may ever have had, against any other
                       Party, as broadly described in paragraph 14 above, including by reason of the Dispute and (ii) by signing
                       this Agreement, and accepting the consideration provided herein and the benefits of it, they are giving
                       up forever any right to seek further monetary or other relief from any other Party, as broadly described
                       in paragraph 14 above, for any acts or omissions up to and including the Effective Date, including, without
                       limitation, the Dispute.
	 	 	 
	 	18.	Acknowledgment
                       of Settlement by Johnson and Bianchi. Johnson and Bianchi, as broadly described in paragraph 14 above,
                       acknowledge that (i) the consideration set forth in this Agreement, which includes, but is not limited
                       to, the Settlement Payment and the Initial Issuance and, if applicable, the Second Issuance, is in full
                       settlement of all claims or losses of whatsoever kind or character that they have, or may ever have had,
                       against the Company, as broadly described in paragraph 14 above, including by reason of the Dispute and
                       (ii) by signing this Agreement, and accepting the consideration provided herein and the benefits of it,
                       they are giving up forever any right to seek further monetary or other relief from the Company, as broadly
                       described in paragraph 14 above, for any acts or omissions up to and including the Effective Date, including,
                       without limitation, the Dispute.
	 	 	 	 

 

    	6

    	 

    

 

	 	19.	No
                       Admission of Liability. The Parties acknowledge that the payment of the Settlement Payment and the
                       Initial Issuance and, if applicable, the Second Issuance is not, and may not be construed as, an admission
                       of liability by the Company and is not to be construed as an admission that the Company engaged in any
                       wrongful, tortious or unlawful activity. The Company specifically disclaims and denies (a) any liability
                       to any other Party and (b) engaging in any wrongful, tortious or unlawful activity
	 	 	 
	 	20.	Non-Disparagement.
                       The Parties agree that, unless required to do so by legal process, Johnson and Bianchi and the Company’s
                       officers and directors will not make any disparaging statements or representations, either directly or
                       indirectly, whether orally or in writing, by word or gesture, to any person whatsoever, about any other
                       Party or their:
	 	 	 
	 	 	a.	spouse,
                                         attorneys or representatives; or
	 	 	 	 
	 	 	b.	the
                                         Company’s affiliates, or any of its directors, officers, employees, attorneys,
                                         agents or representatives.
	 	 	 	 
	 	 	 	For
                                         purposes of this paragraph, a disparaging statement or representation is any communication
                                         which, if publicized to another, would cause or tend to cause the recipient of the communication
                                         to question the business condition, integrity, competence, good character or product
                                         quality of the person or entity to whom the communication relates.
	 	 	 	 
	 	21.	Agreement
                       is Legally Binding. The Parties intend this Agreement to be legally binding upon and shall inure to
                       the benefit of each of them and their respective successors, assigns, executors, administrators, heirs
                       and estates. Moreover, the persons and entities referred to in paragraph 14 above, but not a Party, are
                       third-party beneficiaries of this Agreement.
	 	 	 	 
	 	22.	Entire
                       Agreement. The recitals set forth at the beginning of this Agreement are incorporated by reference
                       and made a part of this Agreement. This Agreement constitutes the entire agreement and understanding of
                       the Parties and supersedes all prior negotiations and/or agreements, proposed or otherwise, written or
                       oral, concerning the subject matter hereof. Furthermore, no modification of this Agreement shall be binding
                       unless in writing and signed by each of the parties hereto.
	 	 	 	 

 

    	7

    	 

    

 

	 	23.	New
                       or Different Facts: No Effect. Except as provided herein, this Agreement shall be, and remain, in effect
                       despite any alleged breach of this Agreement or the discovery or existence of any new or additional fact,
                       or any fact different from that which any Party now knows or believes to be true. Notwithstanding the foregoing,
                       nothing in this Agreement shall be construed as, or constitute, a release of any Party’s rights to
                       enforce the terms of this Agreement.
	 	 	 
	 	24.	Interpretation.
                       Should any provision of this Agreement be declared or be determined by any court to be illegal or invalid,
                       the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal
                       or invalid part, term or provision shall be deemed not to be a part of this Agreement. The headings within
                       this Agreement are purely for convenience and are not to be used as an aid in interpretation. Moreover,
                       this Agreement shall not be construed against any Party as the author or drafter of the Agreement.
	 	 	 
	 	25.	Business
                       Days. The term “business day” shall mean days that the New York Stock Exchange is open
                       for trading for three or more hours. Time periods shall be determined as if the relevant action, calculation,
                       or time period were occurring in New York City.
	 	 	 
	 	26.	Notices.
                   Each Party shall deliver all notices, requests, consents, claims, demands, waivers and other communications
                   under this Agreement (each, a “Notice”) in writing and addressed to any other Party at its
                   address set out below (or to any other address that the receiving Party may designate from time to time in
                   accordance with this section). Each Party shall deliver all Notices by personal delivery, nationally recognized
                   overnight courier (with all fees prepaid), facsimile or e-mail (with confirmation of transmission) or certified
                   or registered mail (in each case, return receipt requested, postage prepaid). Except as otherwise provided
                   in this Agreement, a Notice is effective only (a) upon receipt by the receiving party and (b) if the party
                   giving the Notice has complied with the requirements of this paragraph 26.
	 	 	 	 

 

    	8

    	 

    

 

	 	 	a.	If
                                         to Johnson:
	 	 	 	 
	 	 	 	

Richard
Johnson

10777
Westheimer Road, Suite 116

Houston, TX 77042

Email
Address: rmjco13@gmail.com

	 	 	 	 
	 	 	b.	If
                                         to Bianchi:
	 	 	 	 
	 	 	 	Peter
                                         Bianchi

                                         

[INSERT
ADDRESS]

Email
Address: peteruus1@yahoo.com

	 	 	 	 
	 	 	c.	If
                                         to the Company:
	 	 	 	 
	 	 	 	

[COMPANY
NAME TO BE DETERMINED AFTER FILING OF CERTIFICATE OF AMENDMENT]

100
Europa Drive

Chapel
Hill, NC 27517

Attn:
Pete Coker

Email
Address: pcoker@tryoncapital.com

 

With
a copy to (which copy shall not constitute notice):

 

Szaferman
Lakind Blumstein & Blader, PC

101
Grovers Mill Road, Suite 200

Lawrenceville,
NJ 08648

Attn:
Gregg E. Jaclin, Esq. 

gjaclin@szaferman.com

	 	 	 	 

 

    	9

    	 

    

 

	 	27.	Governing
                       Law and Choice of Forum. This Agreement shall be governed by and construed in accordance with the laws
                       of the State of Nevada without regard to principles of conflicts of laws. Any action brought by the Company
                       against any other Party or brought by Johnson or Bianchi against the Company concerning the transactions
                       contemplated by this Agreement shall be brought only in the state courts of Nevada or in the federal courts
                       located in the state of Nevada. The Parties hereby irrevocably waive any objection to jurisdiction and
                       venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction
                       or venue or based upon forum non conveniens. The Parties executing this Agreement agree to submit
                       to the in personam jurisdiction of such courts and hereby irrevocably waive trial by jury. The prevailing
                       Party shall be entitled to recover from any other Party its reasonable attorney’s fees and costs.
                       Each Party hereby irrevocably waives personal service of process and consents to process being served in
                       any suit, action or proceeding in connection with this Agreement by mailing a copy thereof via registered
                       or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect
                       for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
                       service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any
                       right to serve process in any other manner permitted by law.
	 	 	 
	 	28.	Reliance
                       on Own Counsel. In entering into this Agreement, the Parties acknowledge that they have relied upon
                       the legal advice of their respective attorneys, who are the attorneys of their own choosing, that such
                       terms are fully understood and voluntarily accepted by them, and that, other than the consideration set
                       forth herein, no promises or representations of any kind have been made to them by any other Party. The
                       Parties represent and acknowledge that in executing this Agreement they did not rely, and have not relied,
                       upon any representation or statement, whether oral or written, made by any other Party or by that other
                       Party’s agents, representatives or attorneys with regard to the subject matter, basis or effect of
                       this Agreement or otherwise.
	 	 	 
	 	29.	Counterparts.
                       This Agreement may be executed by the Parties in counterparts, each of which shall be deemed an original,
                       but all of which together shall constitute one and the same instrument.
	 	 	 
	 	30.	Authority
                       to Execute Agreement. By signing below, the Company warrants and represents that the person signing
                       this Agreement on its behalf has the authority to bind
                       the Company and that the Company's execution of this Agreement is not in violation
                       of any by-law, covenants and/or other restrictions.
	 	 	 	 

 

    	10

    	 

    

 

READ
THE FOREGOING DOCUMENT CAREFULLY. IT INCLUDES A RELEASE OF KNOWN AND UNKNOWN CLAIMS.

 

IN
WITNESS WHEREOF, and intending to be legally bound, each of the Parties hereto has caused this Agreement to be executed as
of the Effective Date.

 

 

	 	RICHARD JOHNSON
	 	 
	 	/S/ RICHARD
    JOHNSON
	 	 
	 	PETER BIANCHI
	 	 
	 	/S/ PETER BIANCHI
	 	 
	 	UNIQUE
        GROWING SOLUTIONS, INC.

(formerly
known as Alternative Energy and

Environmental
Solutions, Inc.)

	 	 
	 	 
	 	By: /s/ PETE COKER
	 	PETE COKER 
	 	Title: Director

 

 

11

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