Document:

EXHIBIT 10.6

ADDENDUM TO

BILL OF SALE,
ASSIGNMENT

AND

QUIT CLAIM DEED

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

 

 

Date: January 26,
2016

Kirk Kimerer

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer

 

 

 

 

BILL OF SALE,
ASSIGNMENT

AND

QUIT CLAIM DEED

For valuable consideration, I hereby Sell, Assign, and Quit
Claim all title and interest in and to the assets listed on Exhibit A to Apollo
Media Network, Inc. to be effective as of June 30, 2015, and I agree to execute
all other documents necessary to transfer such assets.

Dated as of June 30, 2015

/s/ Kirk Kimerer

Kirk Kimerer

 

 

 

 

 

 

Kimerer to Apollo Bill of Sale - Final

 

EXHIBIT A

Websites                                 
Domain Owner

1.www.lifecisaboard.com         Kirk Kimerer

2. www.childcompass.com       Kirk Kimerer

3. www.youscube.com             Kirk Kimerer

4.www.live2100.com               Kirk Kimerer

5.www.sciencefly.com              Kirk Kimerer

6.www.dynomove.com             Kirk Kimerer

7.www.cyc1erlife.com              Kirk Kimerer

8. www.fullcourtstars.com        Kirk Kimerer

9.www.1ieastars.com               Kirk Kimerer

10.www.nputgaming.com         Kirk Kimerer

11. www.spychatter.com          Kirk Kimerer

12. www.mobilitypress.com      Kirk Kimerer

13.www.1eafexaminer.com      Kirk Kimerer

14.www.cagepound.com          Kirk Kimerer

 

 

 

 

 

Kimerer to Apollo Bill of Sale - FinalEXHIBIT 10.7

 

ADDENDUM TO BOARD OBSERVER RIGHTS LETTER

TO KIRK KIMERER

BY AND AMONG

SIBANNAC, INC., A
NEVADA CORPORATION

 

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

The state of incorporation of Sibannac, Inc. is amended from
Colorado to Nevada.

 

 

 

Date: January 28, 2016

Sibannac, Inc.

 

By:/s/
Daniel L. Allen                                               

            Name:
Daniel L. Allen

            Title:  
Chief Executive Officer

 

As of June 30, 2015

Mr. Kirk Kimerer

1313 E. Osborn Road, Suite 100

Phoenix, Arizona 85014

            Re: Board Observer Rights

Dear Kirk:

This letter will confirm our agreement that in connection
with the acquisition of shares of the Common Stock of Sibannac, Inc. (the
"Company") by Kirk Kimerer (the "Investor" pursuant to that
Asset Acquisition Agreement dated August 19, 2015, by and between the Company
and Apollo Media Network, Inc. (the "Agreement"), Investor will be
entitled to the following contractual management rights, in addition to any and
all other contractual rights Investor may have, and rights to nonpublic
financial information, inspection rights, and other rights provided to other
investors in the Company:

1. Investor shall be entitled to
consult with and advise management of the Company on significant business
issues regarding Sibannac's media operations, including management's proposed
annual operating plans with respect thereto;

2. Investor may examine the books
and records of the Company and inspect its facilities and may request
information at reasonable times and intervals concerning the Company's media
operations and general status of the Company's financial condition and operations;
and

3. Investor will not be a member of
the Company's Board of Directors; however, the Company shall invite Investor to
attend all meetings of its Board of Directors in a nonvoting observer capacity
and, in this respect, shall concurrently give Investor copies of all notices, minutes,
consents, and other material that it provides to its directors. Investor may
participate in discussions of all matters brought to the Board of Directors,
but Investor shall not vote on any matters, and the Company's Board of
Directors is under no obligation to vote in accordance with Investor's
recommendations or input.

The rights described herein shall terminate and be of no
further force or effect on the date the Investor no longer holds any shares of
capital stock of the Company. The Company acknowledges and agrees that the
rights described herein are an important component of Apollo's willingness to
enter into the Agreement and to consummate the transactions described therein,
and that this letter and the rights described herein may not be terminated or
revoked except in accordance with the preceding sentence.

Very truly yours,

Sibannac, Inc.

By: /s/ Dan Allen

Its: CEO

Observer Rights Letter - FinalEXHIBIT 10.8

 

ADDENDUM TO EMPLOYMENT AGREEMENT

BY AND AMONG

SIBANNAC, INC., A
NEVADA CORPORATION

AND

KIRK KIMERER

 

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

The state of incorporation of Sibannac, Inc. is amended from
Colorado to Nevada.

 

 

 

Date: January 26, 2016

Sibannac, Inc.

 

By:/s/
Daniel L. Allen                                               

            Name:
Daniel L. Allen

            Title:  
Chief Executive Officer

 

Date: January 26,
2016

Kirk Kimerer

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer

 

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT ("Agreement") made and
entered to be effective as of the 30th day of June, 2015 (the "Effective
Date"), by and between Sibannac, a Colorado corporation (the
"Company") and Kirk Kimerer (the "Executive").

WITNESSETH:

WHEREAS, the Company wishes to secure the services of the
Executive subject to the contractual terms and conditions set forth herein; and

WHEREAS, the Executive is willing to enter into this
Agreement upon the terms and conditions, set forth herein.

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

1. Employment. The Company hereby agrees to employ the
Executive, and the Executive hereby agrees to accept such employment with the
Company, all upon the terms and conditions set forth herein.

2. Term of Employment. Subject to the terms and conditions
of this Agreement, the Executive shall be employed for a term commencing on the
Effective Date and ending on the 12th month from the Effective Date
(the "Initial Term") unless sooner terminated as provided for herein.
The Initial Term shall renew automatically for additional one (1) year periods
(each a "Renewal Term" and together with the Initial Term, the
"Term"), unless either party gives written notice of non-renewal (a
"Non-Renewal Notice") at least sixty (60) days prior to the end of
the then current Term, in which case this Agreement shall expire at the end of
such Term ("Expiration"). As used herein, an Expiration due to the
Company's issuance of a Non-Renewal Notice is referred to as a "Company
Non-Renewal" and an Expiration due to the Executive's issuance of a
Non-Renewal Notice is referred to as an "Executive Non-Renewal."

3. Duties and Responsibilities.

A. Capacity. During the Term, the Executive shall serve in
the capacity of President of Sibannac Media subject to the supervision of the
Board of Directors of the Company (the "Board") under the job
description attached hereto as Schedule 3A.

B. Full-Time Duties. During the Term, and excluding any
periods of disability, vacation or sick leave to which the Executive is
entitled, the Executive shall devote a significant portion of his/her business
time, attention and energies to the business of the Company. During the Term,
it shall not be a violation of this Agreement for the Executive to (i) serve on
corporate, civic or charitable boards or committees; (ii) deliver lectures or
fulfill speaking engagements; (iii) manage personal investments, and (iv)
perform other consulting services or engage in other independent outside
activities, so long as such activities do not materially interfere with the performance
of the Executive's responsibilities as an employee of the Company in accordance
with

this Agreement. If the Company ever determines that any
outside activity of the Executive interferes or conflicts with his performance
under this Agreement, the Company shall provide at least thirty (30) days
written notice of such determination and a reasonable time to cure or resolve such
perceived conflicts. With regard to any outside consulting or independent
activities by the Executive, the Company hereby waives and releases, and agrees
not to assert, any right, title or interest in or to any work product of the
Executive or of others involved in such outside activities.

C. Standard of Performance. The Executive will perform his
duties under this Agreement with efficiency, fidelity and loyalty, to the best
of his or her ability, experience and talent and in a manner consistent with
his duties and responsibilities.

4. Compensation

A. Base Salary. During the first twelve months of the Term,
the Company shall pay the Executive a salary (the "Base Salary") of
$8,333.33 per month, pro-rated for any partial months of employment. The Base
Salary shall be payable in accordance with the general payroll practices of the
Company in effect from time to time. Notwithstanding the foregoing, upon the
earlier of (i) the Company's closing of additional financing in the aggregate
amount of at least $5,000,000, whether debt or equity or any combination
thereof, or (ii) in any event not later than the second renewal date, the Board
of Directors shall increase the Executive's Base Salary to $10;000 per month.
During the Term, the Base Salary shall be reviewed at least annually by the Board
after consultation with the Executive and may from time to time be increased
(but not decreased) as solely determined by the Board. Effective as of the date
of any such increase, the Base Salary as so increased shall be considered the
new Base Salary for all purposes of the Agreement and may not thereafter be
reduced. Any increase in Base Salary shall not limit or reduce any other
obligation of the Company to the Executive under this Agreement.

B. Annual Performance Bonus. The Executive shall be eligible
for annual discretionary bonus awards payable in cash and/or fully-vested
options for common stock of the Company ("Bonus Options"), as so
determined solely by the Board, based on performance objectives determined
annually or at other times by the Board or pursuant to any Incentive Stock and
Option Award Plan. Since the Bonus Options will have been fully earned by the
performance of services for which they were granted, the exercise price of such
Options shall be as low as possible consistent with the non-taxability of
options.

C. Long Term Incentives. The Executive shall be eligible for
participation in the Employee Stock Option Plan, restricted stock and/or other
long-term incentives in the discretion of the Board on the same basis as other
similarly situated senior executives of the Company. In addition, in the event
the Company pursues additional rounds of equity financing during the Term, the
Executive shall be offered the option to purchase, at the price offered in such
financing, a sufficient additional equity interest such that if the Executive
exercises this purchase option, the Executive will maintain his proportionate
ownership interest in the Company.

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Kimerer Employment Agreement - Final

D. Benefits.

(1) If and to the extent that the Company maintains employee
benefit plans (including, but not limited to, pension, profit-sharing,
disability, accident, medical, life insurance, and hospitalization plans) (it
being understood that the Company may but shall not be obligated to do so), the
Executive shall be entitled to participate therein in accordance with the Company's
regular practices with respect to similarly situated senior executives. The
Company will have the right to amend or terminate any such benefit plans it may
choose to establish.

(2) The Executive shall be entitled to such vacation,
holidays and other paid or unpaid leaves of absence as are consistent with the
Company's normal policies available to other senior executives of the Company
or as are otherwise approved by the Board.

E. The Company shall reimburse Executive for all
pre-approved and reasonable and necessary expenses incurred by him in carrying
out his duties under this Agreement. Executive shall submit related receipts
and documentation with his request for reimbursement, within 30 days of
incurrence.

5. Termination of Employment.

Notwithstanding the provisions of Section 2 hereof, the
Executive's employment hereunder shall terminate under any of the following conditions:

A. Death. The Executive's employment under this Agreement
shall terminate automatically upon his death.

B. Total Disability. The Company shall have the right to
terminate this Agreement if the Executive becomes Totally Disabled. For
purposes of this Agreement, "Totally Disabled" means that the
Executive is not working and is currently unable to perform the substantial and
material duties of his position hereunder as a result of sickness, accident or
bodily injury for a continuous period of three consecutive months. Prior to a
determination that Executive is Totally Disabled, but after Executive has
exhausted all sick leave and vacation benefits provided by the Company,
Executive shall continue to receive his Base Salary, offset by any disability benefits
she may be eligible to receive.

C. Termination by Company for Cause. The Executive's
employment hereunder may be terminated for Cause upon written notice by the
Company. For purposes of this Agreement, "Cause" shall mean:

(1) conviction of the Executive by a court of competent jurisdiction
of any felony or a crime involving moral turpitude;

(2) the Executive's willful and intentional failure or
willful and intentional refusal to follow reasonable and lawful instructions of
the Board;

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Kimerer Employment Agreement - Final

(3) the Executive's material breach or default in the performance
of her obligations under this Agreement; or

(4) the Executive's act of misappropriation, embezzlement, intentional
fraud or similar conduct involving the Company. Executive may not be terminated
for Cause pursuant to subsections (2) and (3) above unless Executive is given
prior written notice of the circumstances constituting "Cause" and a
reasonable period to cure such circumstances, if curable, which period shall be
not less than thirty (30) days, and the Executive fails to remedy the failure
during such notice period.

D. Termination by the Executive for Cause or for Good
Reason. The Executive's employment hereunder may be terminated by the Executive
for Company Cause or by the Executive for Good Reason on written notice by
Executive to the Company. For purposes of this Agreement, (i) "Company
Cause" means a material failure by the Company to perform its obligations
under this Agreement or under any stock option or award agreement or other
written agreement between the Company and Executive or a breach by the Company
of any law or regulation that poses material damage to its viability or
operations; and (ii) "Good Reason" means the occurrence of any of the
following circumstances without the Executive's express written consent:

(1) a material reduction in the Executive's salary or
benefits, excluding the substitution of substantially equivalent compensation
and benefits, or any failure by the Company to make any Base Salary or Bonus
payment when due; or

(2) a material diminution of the Executive's title,
position, duties, authority or responsibilities as in effect immediately prior
to such diminution without the Executive's express written consent; 

E. Termination Without Cause or Non-Renewal by the Company
or a Termination Without Company Cause or Non-Renewal by the Executive. The
Executive's employment hereunder may be terminated by the Company without Cause
or by a Company Non- Renewal of the Term hereof. The Executive's employment may
be terminated by the Executive without Company Cause (including voluntary
resignation or retirement by the Executive) or by an Executive Non-Renewal of
the Term hereof. Any such termination shall be subject to and shall comply with
any applicable notice period herein.

6. Payments Upon Termination.

A. Upon Termination of Executive's employment hereunder for
any reason as so provided for in Section 5 hereof, the Company shall be
obligated to pay and the Executive shall be entitled to receive, within thirty
(30) days of termination, any and all Base Salary and Bonus Options or other
bonuses or compensation which has accrued for services performed to the date of
termination and which has not yet been paid. In addition, the Executive shall
be entitled to any benefits to which Executive is entitled under the terms of
any applicable Executive benefit plan or program restricted stock plan and
stock option plan of the Company, and, to the extent applicable,

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Kimerer Employment Agreement - Final

short-term or long-term disability plan or program with
respect to any disability, or any life insurance policies and the benefits
provided by such plan, program, or policies, or applicable law.

B. Upon termination of Executive's employment by the Company
without Cause, by a Company Non-Renewal or by the Executive for Company Cause
or for Good Reason, the Company shall be obligated to pay and the Executive
shall be entitled to receive:

(1) all of the amounts and benefits described in Section
6.A. hereof;

(2) a lump sum payment, subject to Section 18 hereof, within
thirty (30) days of termination, equal to two (2) months of the Executive's
Base Salary;

(3) continued participation in all Executive welfare benefit
programs of the Company for the remainder of the Term or, if longer, until the
first anniversary of the Executive's termination of employment, as if there had
been no termination of employment; provided that, to the extent that welfare
benefit programs do not permit such continuations, the Company shall provide
substantially equivalent benefits during such period; and

(4) any and all outstanding stock options or other unvested
equity grants held by the Executive shall accelerate and fully vest. Payments
under Section 6.B., with the exception of amounts due pursuant to Section 6. B(1),
are continued on the execution by the Executive of a release of all
employment-related claims; provided, however, that such release shall be
contingent upon the Company's satisfaction of all terms and conditions of this
Section 6.

C. Upon termination of the Executive's employment upon the
death of Executive pursuant to Section 5.A., the Company shall be obligated to
pay, and the Executive shall be entitled to receive:

(1) all of the amounts and vested benefits described in
Section 6.A.;

(2) any death benefit payable under a plan or policy
provided by the Company; and

(3) continued participation by the Executive's dependents in
the welfare benefit programs of the Company for the remainder of the Term, or
if longer, until the first anniversary of the Executive's termination of
employment, as if there had been no termination of employment; provided that,
to the extent that welfare benefit programs do not permit such continuations,
the Company shall provide substantially equivalent benefits during such period.

D. Upon termination of the Executive's employment upon the
Disability of the Executive pursuant to Section 5.B., the Company shall be
obligated to pay, and the Executive shall be entitled to receive:

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Kimerer Employment Agreement - Final

(1) all of the amounts and vested benefits described in
Section 6.A.;

(2) the Base Salary, at the rate in effect immediately prior
to the date of his termination of employment due to Disability, for the
remainder of the Annual Term, offset by any payments the Executive receives
under the Company's longterm disability plan and any supplements thereto during
such period, whether funded or unfunded which is adopted by the Company for the
Executive's benefit and not attributable to the Executive's own contributions;
provided that, the Executive may receive any additional payments for which the
Executive is eligible under such disability plan and any supplements; and

(3) continued participation by the Executive and his dependents
in the welfare benefit programs of the Company for the remainder of the Term
or, if longer, until the first anniversary of the Executive's termination of
employment as if there had been no termination of the employment; provided
that, to the extent that welfare benefit programs do not permit such
continuations, the Company shall provide substantially equivalent benefits
during such period. Payments under Section 6.D., with the exception of amounts
due pursuant to Section 6.1)( 1), are conditioned on the execution by the
Executive or the Executive's representative of a release of all
employment-related claims; provided, however, that such release shall be
contingent upon the Company's satisfaction of all terms and conditions of this
Section 6.

E. Upon (i) voluntary termination of employment by the
Executive during the Term for any reason (other than Termination by the
Executive for Company Cause or for Good Reason as described in Section 6.B.),
(ii) an Executive Non-Renewal of the Term, or (iii) termination by the Company
for Cause, the Company shall have no further liability under or in connection
with this Agreement, except to provide the amounts set forth in Section 6.A.

F. Upon voluntary or involuntary termination of employment
of the Executive for any reason, subject only to timely payment by the Company
of any and all post-termination amounts and delivery of all other benefits due
hereunder, the Executive shall continue to be subject to the provisions of
Section 7 hereof (it being understood and agreed that such provisions shall survive
any termination or expiration of the Executive's employment hereunder for any
reason whatsoever); provided that in the case of any Company Cause or if the
Company shall default in the timely payment of all post-termination amounts or
delivery of any other benefits, the provisions of Section 7.A., 7.B., 7.C., 7.E
and 7.17 shall survive but the non-compete provisions of 7.13 shall forthwith
terminate without prejudice to any and all rights and remedies of Executive
hereunder.

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Kimerer Employment Agreement - Final

7. Confidentiality, Return of Property, and Covenant Not to
Compete.

A. Confidential Information.

(1) Company Information. The Company agrees that it will
provide the Executive with Confidential Information, as defined below, that
will enable the Executive to optimize the performance of the Executive's duties
to the company. In exchange, the Executive agrees to use such Confidential
Information solely for the Company's benefit. The Company and the Executive agree
and acknowledge that its provision of such Confidential Information is not
contingent on the Executive's continued employment with the company.
Notwithstanding the preceding sentence, upon the termination of the Executive's
employment for any reason, the Company shall have no obligation to provide the
Executive with its Confidential Information. "Confidential
Information" means any Company proprietary information, technical data,
trade secrets or know-how, including, but not limited to, research, product
plans, products services, customer lists and customers (including, but not
limited to, customers of the Company on whom the

Executive called or with whom the Executive became
acquainted during the term of the Executive's employment), markets, software,
developments, inventions, processes, formulas, technology, designs, drawings,
engineering, hardware configuration information, marketing, finances or other
business information disclosed to the Executive by the Company either directly
or indirectly in writing, orally or by drawings or observation of parts or
equipment. Confidential Information does not include any of the foregoing items
which has become publicly known and made generally available through no
wrongful act of the Executive or of others who were under confidentiality
obligations as to the item or items involved or improvements or new versions.

The Executive agrees at all times during the Term and
thereafter, to hold in strictest confidence, and not to use, except for the
exclusive benefit of the Company, or to disclose to any person or entity
without written authorization of the Board of Directors of the Company, any
Confidential Information of the Company.

(2) Former Employer Information. The Executive agrees that
he will not, during her employment with the Company, improperly use or disclose
any proprietary information or trade secrets of any former employer or other
person or entity and that the Executive will not bring onto the premises of the
Company any unpublished document or proprietary information belonging to any
such employer, person or entity unless consented to in writing by such
employer, person or entity.

(3) Third Party Information. The Executive recognizes that
the Company has received and in the future will receive from third parties
their confidential or proprietary information subject to a duty on the
Company's party to maintain the confidentiality of such information and to use
it only for certain limited purposes. The Executive shall hold all such
confidential or proprietary information in the strictest confidence and not
disclose it to any person or entity or use it except as necessary in

7

Kimerer Employment Agreement - Final

carrying, out the Executive's work for the Company
consistent with the Company's agreement with such third party.

B. Returning Company documents. At the time of leaving the
employ of the Company, the Executive will deliver to the Company (and will not
keep in the Executive's possession) source code, architecture, web designs,
specifications, drawings, blueprints, business plans, sketches, materials,
equipment, other documents or property, or reproductions of any aforementioned
items developed by the Executive pursuant to the Executive's employment with the
Company or otherwise belonging to the Company, its successors or assigns.

C. Solicitation of Employees. The Executive agrees that for a
period of twentyfour (24) months immediately following the termination of the
Executive's relationship with the Company for any reason, the Executive shall
not either directly or indirectly solicit, induce or recruit any of the
Company's employees to leave their employment, or take away such employees, or
attempt to solicit, induce, recruit, encourage or take away employees of the
Company, either for himself or for any other person or entity.

D. Covenant Not to Compete.

(1) The Executive agrees that during the course of his or
her employment and for twelve (12) months following the termination of the
Executive's relationship with the Company for any reason (subject only to the
provisions of Section 6.F), the Executive will not compete, without the prior
written consent of the Company, as a partner, employee, consultant, officer,
director, manager, agent, associate, investor, or otherwise directly or
indirectly, own, purchase, organize or take preparatory steps for the
organization of, build, design, finance, acquire, lease, operate, manage,
invest in, work or consult for or otherwise affiliate with any business, in
competition with the Company's Business (as defined herein). The foregoing
covenant shall cover the Executive's activities in the United States of
America. As used herein, the term "Company's Business" shall mean the
development of cannabis-industry web services and marketing of associated
services to cannabis industry and service companies.

(2) The Executive acknowledges that he or she will derive
significant value from the Company's agreement in Section 7.A(1) to provide the
Executive with that Confidential Information to enable the Executive to
optimize the performance of the Executive's duties to the Company. The
Executive further acknowledges that his or her fulfillment of the obligations
contained in this Agreement, including, but not limited to, the Executive's
obligation neither to disclose nor to use the Company's Confidential
Information other than for the Company's exclusive benefit is necessary to
protect the Company's Confidential Information and, consequently, to preserve
the value and goodwill of the Company. The Executive further acknowledges the
time, geographic and scope limitations of the Executive's obligations under
subsection (1) above are reasonable, especially in light of the Company's
desire to protect its Confidential Information, and that Executive will not be
precluded from gainful employment if the Executive is obligated not to compete
with the Company during the period and within the Territory as described above.

8

Kimerer Employment Agreement. Final

(3) If, in any judicial proceeding, a court refuses to
enforce any of the provisions of subsection D(1) (or any part thereof), then
such unenforceable covenant (or such part) shall be eliminated from this
Agreement to the extent necessary permit the remaining provisions hereof (or
proportions thereof) to be enforced. In the event the provisions of subsection
D(1) above are deemed to exceed the time, geographic or scope limitations
permitted by Colorado law, then such provisions shall be reformed to the
maximum time, geographic or scope limitations such as the case may be, then permitted
by such law.

E. Representations. The Executive agrees to execute any
proper oath or verify any proper document required to carry out the terms of
this Agreement. The Executive represents that his or her performance of all the
terms of this Agreement will not breach any agreement to keep in confidence
proprietary information acquired by the Executive in confidence or in trust prior
to the Executive's employment by the Company. The Executive has not entered
into, and the Executive agrees that he will not enter into, any oral or written
agreement in conflict herewith.

F. Mutual Non-Disparagement. The Company and the Executive
each agree and covenant not to publicly make, publish or communicate, at any
time, any defamatory or disparaging remarks, comments or statements concerning
the Company or its business, or any of its employees, officers, customers,
suppliers and/or investors. This Section 7 does not, in any way, restrict or
impede the Executive from exercising protected rights or from complying with
any applicable law or regulation or a valid order of a court of competent
jurisdiction or an authorized government agency, provided that such compliance
does not exceed that required by the law, regulation or order.

G. First Right of Refusal: At any time, within 18 months
after the inception of this agreement, SI shall have the first right to
purchase any of Kimerer's shares which he determines to sell, on thirty days
written notice from Kimerer of any proposed sale, at the same price and terms
as any funded bona fide offer from a third party, subject to and on the terms
and conditions set forth in a separate Repurchase Agreement and Right of First
Refusal of even date herewith.

H. Restrictive Legend: Kimerer's shares shall be
appropriately legended to reflect these agreements as well as the standard Rule
144 restriction form. Such Agreement shall provide that Kimerer understands and
agrees that the shares shall be subject to the affiliate provisions of Rule
144, and Rule 144, and reporting under Section 16 and the Section 16
"Short Swing" rules, and that SI cannot waive those rules for so long
as Kimerer is an officer or director.

8. Arbitration. Any dispute or controversy arising under or
in connection with this Agreement (other than any dispute or controversy
arising from a violation or alleged violation by the Executive of the
provisions of Section 7) shall be settled exclusively by final and binding arbitration
in Denver, Colorado, in accordance with the Employment Arbitration Rules of the
American Arbitration Association ("AAA"). The arbitrator shall be
selected by mutual agreement of the parties, if possible. If the parties fail
to reach agreement upon appointment of an arbitrator within thirty (30) days
following receipt by one party of the other party's notice of desire to arbitrate,
the arbitrator shall be selected from a panel or panels of persons submitted by
the AAA. The selection process shall be that which is set forth in the AAA
Employment Arbitration Rules

9

Kimerer Employment Agreement - Final

then prevailing, except that, if the parties fail to select
an arbitrator from one or more panels, AAA shall not have the power to make an
appointment but shall continue to submit additional panels until an arbitrator
has been selected. This agreement to arbitrate shall not preclude the parties
from engaging in voluntary, non-binding settlement efforts including mediation.

9. Notices. All notices and other communications hereunder
shall be in writing and shall be given (and shall be deemed to have duly given
upon receipt) by delivery in person, by registered or certified mail (return
receipt requested and with postage prepaid thereon) or by facsimile
transmission to the respective parties at the following address (or at such
other address as either party shall have previously furnished to the other in
accordance with the terms of this Section):

If to the Company: Sibannac, Inc.

1313 E. Osborn Road, Suite 100

Phoenix, Arizona 85014

Attention: Chief Executive Officer

 

If to the Executive: Kirk Kimerer

1313 E. Osborn Road, Suite 100

Phoenix, Arizona 85014

10. Amendment: Waiver. The terms and provisions of this
Agreement may be modified or amended only by a written instrument executed by
each of the parties hereto, and compliance with the terms and provisions hereof
may be waived only by a written instrument executed by each party entitled to
the benefits thereof. No failure or delay on the part of any party in
exercising any right, power or privilege granted hereunder shall constitute a
waiver thereof, nor shall any single or partial exercise of any such right,
power or privilege preclude any other or further exercise thereof or the
exercise of any other right, power or privilege granted hereunder.

11. Entire Agreement. This Agreement and all Exhibits
attached hereto (as well as the Stock Option Agreement to be issued to
Executive hereunder) constitute the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior written or oral agreements
or understandings between the parties relating thereto.

12. Severability. In the event that any term or provision of
this Agreement is found to be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining terms and provisions hereof shall
not be in any way affected or impaired thereby, and this Agreement shall be
construed as if such invalid, illegal or unenforceable provision had never been
contained therein.

13. Binding Effect, Assignment, Etc.

A. This Agreement shall be binding upon and inure to the
benefit of the parties and their respective successors and assigns (it being
understood and agreed that, except as 

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Kimerer Employment Agreement - Final

expressly provided herein, nothing contained in this
Agreement is intended to confer upon any other person or entity any rights,
benefits or remedies of any kind or character whatsoever). The Executive may
assign this Agreement with the prior written consent of the Company. Except as otherwise
provided in this Agreement, the Company may assign this Agreement only to any
of its affiliates or to any successor (whether by operation of law or
otherwise) to all or substantially all of its business and assets without the
consent of the Executive. For purposes of this Agreement, "affiliate"
means any entity in which the Company owns shares or other measure of ownership
representing at least 40% of the voting power or equivalent measure of control
of such entity.

B. The compensation rights hereunder shall be assignable by
the Employee, subject to the terms hereof, by written document, to any legal
entity in which the Employee is at least a 51% owner. Any tax consequences
thereof shall be solely the responsibility of the Employee, and Employee shall
hereby agree to hold the Company harmless from any tax liability resulting from
the assignment of compensation hereunder.

14. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Colorado (except that no
effect shall be given to any conflicts of law principles thereof that would
require the application of the laws of another jurisdiction).

15. Headings. The headings of the sections contained in this
Agreement are for the convenience only and shall not be deemed to control or
affect the meaning or construction of any provision of this Agreement.

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

17. Acknowledgment of Full Understanding. THE EXECUTIVE
ACKNOWLEDGES AND AGREES THAT HE/SHE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY
ENTERS INTO THIS AGREEMENT. THE EXECUTIVE ACKNOWLEDGES AND AGREES THAT LEGAL
COUNSEL TO THE COMPANY IS NOT REPRESENTING, OR ACTING AS AN ADVOCATE FOR ANY
EMPLOYEE IN CONNECTION WITH THIS AGREEMENT, AND THAT HE/SHE HAS HAD AN
OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF HIS/HER CHOICE
BEFORE SIGNING THIS AGREEMENT.

[SIGNATURE PAGE FOLLOWS]

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Kimerer Employment Agreement - Final

IN WITNESS THEREOF, the Company has caused this Agreement to
be executed by its duly authorized officer and the Executive has signed this
Agreement as of the Effective Date.

SIBANNAC, INC.

 

By: /s/ Daniel L. Allen

Name: Daniel L. Allen

Title: CEO

 

 

EXECUTIVE

KIRK KIMERER

 

/s/ Kirk Kimerer

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Kimerer Employment Agreement - Final

Schedule 3A

JOB DESCRIPTION

President of Sibannac Media Division. The duties and
responsibilities include the following but are not limited to:

1. Oversee Sibannac Media division P&L and help Sibannac
Media reach budget projections illustrated in the business plan.

2. Manage the vision, development, growth of existing Sibannac
Media websites and additional web sites targeted to the cannabis industry per
business plan and company objectives

3. Develop and manage a sales strategy for Sibannac Media
designed to deliver consistent revenue growth and enhance value of ad
inventory.

4.Responsible for staffing solutions for Sibannac Media in
concert with the business plan and Sibannac Inc. management

5. Develop and manage a strategy to preserve and secure all
media properties, web sites and intellectual development of Sibannac Media that
are confidential in nature

6.Provide progress and intellectual updates to Sibannac Inc.
management on a scheduled basis.

7. Work collaboratively with peers and business partners
(Finance, Human resources and the  board of directors of Sibannac Inc.)

 

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Kimerer Employment Agreement - Final

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