Document:

Exhibit 10.1

 

AMENDMENT NO. 1 TO 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This AMENDMENT (this “Amendment”)
to the executive employment agreement between P&F INDUSTRIES, INC., a Delaware corporation (the “Company”),
and Joseph A. Molino, Jr. (the “Executive”) dated as of
January 1, 2018 (the “Employment Agreement”), is being entered into on this 5th day of March, 2019 (the “Effective
Date”).

 

W I T N E S S E T H

 

WHEREAS, the
Company and the Executive are parties to the Employment Agreement; and

 

WHEREAS, the
Company and the Executive desire to amend the terms of the Employment Agreement as provided herein, effective as of the Effective
Date.

 

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

 

		1.	Sections 8(a)(ii)(A) and 8(a)(ii)(D) of the Employment Agreement are hereby amended to replace
all references therein to “12 months” with “eighteen (18) months”.

 

		2.	Except as otherwise set forth in this Amendment, all other terms and conditions of the Employment
Agreement shall remain in full force and effect. Upon execution of this Amendment, each of the undersigned hereby approves, confirms
and ratifies the Employment Agreement as amended by this Amendment. Without limiting the generality of the foregoing, this Amendment
shall be subject to Sections 18 and 21 of the Employment Agreement.

 

		3.	This Amendment may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which together shall constitute one and the same instrument. The parties hereto agree to accept a signed
facsimile copy of this Amendment as a fully binding original.

 

(Signature page follows)

 

     

     

    

 

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the Effective Date.

 

	 	P&F INDUSTRIES, INC.
	 	 	 
	 	 	 
	 	By:	/s/ Richard Horowitz
	 	Richard Horowitz
	 	Chairman of the Board, President and Chief Executive Officer
	 	 	 
	 	 	 
	 	/s/ Joseph A. Molino, Jr.
	 	JOSEPH A. MOLINO, JR.Exhibit 10.30

Paul Parliament

November 19, 2018

 

Bravo Multinational, Inc

2020 General Booth Blvd, Unit 230

Virginia Beach, VA 23454

 

Dear Executives,

I, Paul Parliament, hereby resign as Chairman of the Board, CEO and President of Bravo Multinational, Inc. (BRVO: OTCPINK).  My decision to leave as both an officer and the Chairman of the Company are personal in nature, and that I had no disagreements or arguments with the current management and directors at Bravo Multinational, Inc.  My resignation is effective immediately on this date, November 19, 2018.

I agree to have my resignation letter posted in the FORM 8-K as an exhibit, as such.

Sincerely,

 

/s/ Paul Parliament

Paul Parliament

Retired Officer/Chairman of the BoardExhibit 10.31

Douglas Brooks

November 19, 2018

 

Bravo Multinational, Inc

2020 General Booth Blvd, Unit 230

Virginia Beach, VA 23454

 

Dear Executives,

I, Douglas Brooks, hereby resign as Vice-President and Director of Bravo Multinational, Inc. (BRVO: OTCPINK).  My decision to leave as both an officer and a director of the Company are personal in nature, and that I had no disagreements or arguments with current management and directors at Bravo Multinational, Inc.  My resignation is effective immediately on this date, November 19, 2018.

I agree to have my resignation letter posted in the FORM 8-K as an exhibit, as such.

Sincerely,

/s/ Douglas Brooks

Douglas Brooks

Retired Officer/DirectorExhibit 10.32

Order To Convert

 

The Promissory Note ‘Holder’, Paul Parliament hereby instructs the ‘Maker’ to convert to common shares (stock) of the ‘Maker’, Bravo Multinational Incorporated, “BRVO”, the Promissory Note (plus accrued interest) originally dated October 3rd, 2016 with original principle face value owed to the ‘holder’ in the amount of $1,128,573.00US. As of the date of this notice the face value owed to the holder including all accrued interest is $520,025.98 and is to be converted to common BRVO shares as per the terms of conversion as mutually agreed to and as stipulated by the Board of Directors on November 19th, 2018. The shares will be electronically deposited into an account in the ‘Holders’ name at the transfer agent of the ‘Maker’, Transfer Online Inc., located in Portland Oregon. The ‘Holder’ acknowledges that the shares are to be issued as affiliate/restricted, but said shares are not subject to any further holding period (under Rule 144) as the original date on the Promissory Note have sufficiently aged, and the company shall provide written confirmation of this and an irrevocable release authorization as well as a written legal opinion from the companies lawyer, addressed to the transfer agent and the holders broker. Furthermore, no fees and or costs shall be incurred by the current ‘holder’ for the conversion, issuance, release or deposit of these shares to the holder’s broker.  

Shares to be issued: Effective date November 19th, 2018

2,600,130 common shares (stock) 

Dated and signed on December 4th, 2018

 

/s/ Paul Parliament

‘Holder’: Paul Parliament

 

/s/ Rich Kaiser

Acknowledgment by ‘Maker’: 

Rich Kaiser, Acting CFO

Bravo Multinational IncorporatedExhibit 10.33

Order To Convert

The Promissory Note ‘Holder’, Douglas Brooks hereby instructs the ‘Maker’ to convert to common shares (stock) of the ‘Maker’, Bravo Multinational Incorporated, “BRVO”, the Promissory Note (plus accrued interest) originally dated October 3rd, 2016 with original principle face value owed to the ‘holder’ in the amount of $441,719.29. As of the date of this notice the face value owed to the holder including all accrued interest is $468,772.82 and is to be converted to common BRVO shares as per the terms of conversion as mutually agreed to and as stipulated by the Board of Directors on November 19, 2018. The shares will be electronically deposited into an account in the ‘Holders’ name at the transfer agent of the ‘Maker’, Transfer Online Inc., located in Portland Oregon. The ‘Holder’ acknowledges that the shares are to be issued as affiliate/restricted, but said shares are not subject to any further holding period (under Rule 144) as the original date on the Promissory Note have sufficiently aged, and the company shall provide written confirmation of this and an irrevocable release authorization as well as a written legal opinion from the companies lawyer, addressed to the transfer agent and the holders broker. Furthermore, no fees and or costs shall be incurred by the current ‘holder’ for the conversion, issuance, release or deposit of these shares to the holder’s broker.  

Shares to be issued: Effective date November 19th, 2018

2,343,865 common shares (stock) 

Dated and signed on December 4th, 2018

 

/s/ Douglas Brooks

‘Holder’: Douglas Brooks

 

/s/ Rich Kaiser

Acknowledgment by ‘Maker’: 

Rich Kaiser, Acting CFO

Bravo Multinational IncorporatedExhibit 10.34

Order To Convert

 

The Promissory Note ‘Holder’, Rich Kaiser hereby instructs the ‘Maker’ to convert to common shares (stock) of the ‘Maker’, Bravo Multinational Incorporated, “BRVO”, the Promissory Note (plus accrued interest) originally dated October 3rd, 2016 with original principle face value owed to the ‘holder’ in the amount of $99,135.69. As of the date of this notice the face value owed to the holder including all accrued interest is $117,475.78 and is to be converted to common BRVO shares as per the terms of conversion as mutually agreed to and as stipulated by the Board of Directors on November 19, 2018. The shares will be electronically deposited into an account in the ‘Holders’ name at the transfer agent of the ‘Maker’, Transfer Online Inc., located in Portland Oregon. The ‘Holder’ acknowledges that the shares are to be issued as affiliate/restricted, but said shares are not subject to any further holding period (under Rule 144) as the original date on the Promissory Note have sufficiently aged, and the company shall provide written confirmation of this and an irrevocable release authorization as well as a written legal opinion from the companies lawyer, addressed to the transfer agent and the holders broker. Furthermore, no fees and or costs shall be incurred by the current ‘holder’ for the conversion, issuance, release or deposit of these shares to the holder’s broker.  

Shares to be issued: Effective date November 19th, 2018

587,379 common shares (stock) 

Dated and signed on December 4th, 2018

 

/s/ Richard Kaiser

‘Holder’: Richard Kaiser

 

/s/ Merle Ferguson

Acknowledgment by ‘Maker’: 

Merle Ferguson, President 

Bravo Multinational IncorporatedExhibit 10.35

Order To Convert

The Promissory Note ‘Holder’, Julios Kosta hereby instructs the ‘Maker’ to convert to common shares (stock) of the ‘Maker’, Bravo Multinational Incorporated, ‘three’ Promissory Notes (plus accrued interest) originally dated October 3rd, 3rd, and 11th, 2016 with original principle face values owed to the ‘holder’ in the amounts of $239,261.26, $36,497.40, and $160,000 as per the terms of conversion as mutually agreed to and as stipulated by the Board of Directors on November 19th,2018. The shares will electronically deposit into an account in the ‘Holders’ name at the transfer agent of the ‘Maker’, Transfer Online Inc., located in Portland Oregon. The ‘Holder’ acknowledges that the shares are to be issued as restricted, but said shares are not subject to any further holding period (under Rule 144) as the original dates on the Promissory Notes have been sufficiently aged, and the company shall provide written confirmation of this and irrevocable release authorization to the transfer agent. Furthermore, no fees and or costs shall be incurred by the current ‘holder’ for the conversion and issuance of the shares.  

Shares to be issued: Effective date November 19th, 2018

1,417,314 common shares (stock)

216,247    common shares (stock)

709,580    common shares (stock)   

 

Dated and signed on November 27th, 2018

/s/ Julios Kosta

‘Holder’: Julios Kosta

 

 /s/ Rich Kaiser

Acknowledgment by ‘Maker’: 

Rich Kaiser, Acting CFO

Bravo Multinational Incorporated

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