Document:

Exhibit 10.47

 

CONSULTING AGREEMENT

 

 

This Consulting Agreement (this “Agreement”) is
entered into by Greenway Innovative Energy, Inc.	(The ''Company''), and Ryan Turner, 1704 Marion Dr., Garland, Texas 75042
(the ''Consultant'').	The Company and the Consultant, collectively (''the Parties''), agree to terms with respect to the
following: 

 

 

1. Work to be Performed. the Consultant offers consulting
services in the fields of:

 

1.1 The Company hereby retains Consultant on a
“non-Exclusive” basis to:

 

a. Work closely with the Greenway mai1engagement team
assisting in business development through relationship building and introductions to qualified industry individuals from
financial institutions, officers, investors, and leading market vendors in the oil and gas industry. 

 

b. Creating awareness about Greenway Innovative Energy, Inc. and the gas to liquids technology through digital efforts such as: updating the Greenway website, providing weekly/monthly informational conference calls, producing explainer videos about Greenway's technology and distributing informational campaigns through the Greenway email database.

 

c. Assisting the management team in critical follow up
contact meetings with engineers, vendors and UTA personnel including phone and written correspondence. Attending meetings
when called upon to assist in assembling information for distribution. 

 

d. Assist the management team of Greenway Technologies, Inc.
in regard to shareholder lists; follow up communication with shareholders and potential shareholder and investor calls and
meetings. 

 

1.2 Consultant and the Company agrees that the Consultant is an independent contractor, and is solely responsible for the performance of all Consulting Services required hereunder, and will report to, and be directly responsible to, the Company's President or designated agent, for all matters pertaining to the Consultant's activities and communications relative to this Consulting Agreement.

 

1.3 Consultant will devote adequate time, as provided above in
paragraph 1.2, and resources at his own expense, as necessary in performing the Consulting Services for The Company as stated
herein. Consultant shall have discretion in selecting the dates and times it performs such Consulting Services throughout the
month giving due regard to the o needs of the Company's business. It is understood that Consultant will not, and is not expected
to provide, or be o compensated for, full time commitment to this individual project. In rendering Consulting Services hereunder,
Consultant shall conform to the highest professional standards of work and business ethics.

 

2. Term of Engagement.

 

2.1 The Consultant	will	be engaged	immediately	upon	execution	of	the Agreement. engaged for one (1) year commencing with the execution of this Agreement.

 

2.2 	The Engagement	Period shall automatically	extend for a
period 	of one (1) year from the date of each annual   anniversary and will continue to be engaged until either party elects
to terminate this Agreement.

 

2.4 	Upon termination of this Agreement by either party, the Company shall pay the Consultant any and all compensation earned through the date of termination. The Company will irrevocably pay all compensation earned resulting from any additional business conducted between The Company, its officers, associates, partners, affiliates, and heirs and the Investors/Financiers as per the compensation agreed upon in Paragraph 3 below.

 

2.5 	This agreement covers the initial agreement and shall include any renewals, extensions, rollover , additions or any new project that may originate because of the above Consult ant introduction of the Company to acquisitions and/or Investors/Financiers.

 

3. Compensation

 

3.1 	The Company, hereby irrevocably confirms and accepts to pay the Consultant $5,000.00 monthly. Payments shall be made on the 1st of each month. Consultant may earn additional compensation upon delivery of timely information that would enhance the profitability of the Company.

 

3.2 The Company is not bound by this Agreement to accept any
offers, approve any client/contacts or accept any financial arrangement from an interested party, and the Consultant
understands and agrees that any and all agreements are subject to final negotiations between the Company and such source
introduced by Consultant. The term of this agreement will begin on the date of this agreement and will remain in force
indefinitely until “Termination” as provided in this Agreement.

 

4. Independent Contractor, Non-Circumvention and Non-Disclosure,
Confidentiality.

 

4.1 Independent Contractor. This Agreement is not a contract
of employment. Consultant is an independent contractor of the Company and shall have no power or authority to bind or obligate
The Company. Consultant shall have the exclusive right to determine the method, manner and means by which it will perform and
provide the Consulting Services hereunder.

 

4.2 Supplies and Expenses. Unless otherwise agreed to by
Company in advance, Consultant shall be solely responsible for procuring and paying for and maintaining any computer equipment,
software, paper, tools or supplies necessary or appropriate for the performance of Consult ant's services hereunder. Company,
at its discretion, may reimburse reasonable business expenses.

 

4.3 Non-Circumvention and Non-Disclosure The Parties
agree that they shall not directly or indirectly interfere with, circumvent or attempt to circumvent, avoid, by-pass or obviate
each other's interest or relationships. Each Party agrees that, without the expressed written consent of the other Party, it will
not initiate, respond or otherwise abide any contact with any person, company, institution, professional association, or other
entity to which it has been introduced or with whom it has become first acquainted in the course of doing business with the other
Party. Each Party agrees that the provisions of this Agreement and the confidentiality agreement referred to in 4.3 below protecting
each other's sources and prohibiting contacts with the same shall apply to all employees, professional consultants, advisors,
contractors, and agents whose responsibilities require knowledge of such information. Each time an entity or party is introduced
by Consultant to Company, the Parties shall confirm by email or in writing the respective proprietary source. Regardless of whether
or not the transaction closes, the duty of non-disclosure and non-circumvention shall apply. This agreement applies to transactions,
which involve successors, assigns, affiliates or subsidiary companies or entities. The duration of the Agreement shall perpetuate
for two (2) years from last date of signing.

 

4.4 Confidentiality. The Parties that during the term of
this Agreement, and thereafter for a period of two (2) years, Consultant shall not, without the prior written consent of Company,
disclose to anyone any ''Confidential Information'' of the Company. Confidential Information for the purpose of
this Agreement shall include Company's proprietary and confidential information such as, but not limited to, customer lists, business
plans, marketing plans, financial information, designs, drawings, specifications, models, software, source codes or any non-public
Company data or information. Confidential Information shall not include any information that: a. Is disclosed by Company without
restriction and is intended to be made public. b. Becomes publicly available through no act of Consultant. c. Is rightfully received
by Consultant from a third party.

 

a. 	Is disclosed by Company without restriction and is intended to be made public.

b. 	Becomes publicly available through no act of Consultant.

c. Is rightfully received by Consultant
from a third party.

 

5. Termination.

 

5.1 Termination by Company. This Agreement may be terminated
by Company as follows:

a. If Consultant is unable to provide the
sales and marketing services contemplated by

this agreement by reason of permanent illness.

b. Breach or Default of any obligations of
Consultant pursuant to Section 104.

c. Breach or default of Consultant of any
other material obligation in this Agreement, which

 breach or default is not cured within (10) days of written notice of company

 

5.2 Termination by Consultant. Consultant may terminate
this Agreement as follows:

 

a. Breach or default of any material
obligation of Company, which breach or default is not cured within

 ten (10) days of written notice from Consultant.

b. If Company files protection under the federal bankruptcy laws, or any bankruptcy petition or petition for receiver is

commenced by a third party against Company.

 

6. Federal, State and Local Payroll Taxes.

 

6.1 The Company shall not make any withholding for income taxes, FICA, unemployment insurance or worker's compensation premiums or any other employer withholdings, deductions or contributions on its payments to Consultant. Consultant shall be solely responsible for all such withholdings, deductions and contributions.

 

 

7. Benefits; Worker’s Compensation; Insurance.

 

7.1 Consultant and Consultant' employees will not be eligible for, and shall not participate in,  any  employee pension, health, welfare, or other fringe benefit plan, of The Company. No workers' compensation  or  other insurance shall be obtained by The Company covering Consultant or Consultant' employees.

 

8. Notice.

 

8.1 All notices required here must be in writing and must be served on the Parties at addresses following their signatures at the address below.

 

As to the Consultant:

	Ryan Turner	 
	1704 Marion Drive	 
	Garland, Texas 75042	 
	940-367-4596	 
	ryanbruceturner@gmail.com	 

 

As to the Company:

	Greenway innovative Energy, Inc. 	 
	Ray Wright, President	 
	1521 Tulip Drive	 
	Arlington, TX 76013	 
	972-342-4051	 
	raymondwright@yahoo.com

 

Notices must be served either personally. by certified mail
return receipt requested, or by overnight courier. A party’s address may be changed by written notice to the other
party; provided, however, that notice of change of address shall be effective until actual receipt of such notice. 

 

9. Miscellaneous

 

9.1 Assignment. This Agreement may not be assigned by either
Party without the prior written consent of the other Party. The benefit and obligations of this Agreement shall be binding upon
and inure to the Parties here to, their successors and assign .

 

9.2 Entire Agreement. This Agreement constitutes and expresses
the entire agreement of the Parties with respect to the subject matter here of, and may be modified only by written agreement
signed by the Parties. if any provision of this Agreement is held by unenforceable by a court of competent jurisdiction, that
provision shall be served and shall not affect the validity or enforceability of the remaining provisions.

 

9.3 Choice of Law. This Agreement shall be governed by
and construed in accordance with the internal laws (and not the laws of conflicts) of the State of Texas.

 

9.4 Counterparts. This Agreement may be executed
in any number of counterparts, each of which will be deemed to be an original and all of which constitute one agreement that
is binding upon each of the Parties, notwithstanding that all Parties are not signatories to the same counterpart.

 

9.5 Construction of Terms. If any provision of this
Agreement is held unenforceable by a court of competent jurisdiction, that provision shall be severed and shall not affect
the validity or enforceability of the remaining provisions.

 

9.6 Modification. No modification or attempted waiver(s)
of this Agreement, or any provision thereof, shall be valid unless they are signed by both Parties.

 

9.7 Headings.  The headings in this Agreement are inserted for convenience only and shall not be used to define, limit or describe the scope of this Agreement or any of the obligations herein.

 

9.8 Waiver of Breach. The waiver by a party of a breach
of any provision of this Agreement by the other Party shall not operate or be construed as a waiver of any other or subsequent
breach by the Party in breach.

 

 

The Parties have executed this Agreement
as of the date set forth in the introductory clause.

 

 

The Company:

 

	Greenway Innovative Energy, Inc.	 
	/s/ Ray Wright	 
	Ray Wright, President	 
		 

 

Consultant:

 

	Ryan Turner	 
	/s/ Ryan Turner	 
	Ryan TurnerExhibit 10.50 

SECURITY AGREEMENT

 

 

This SECURITY
AGREEMENT (this “Agreement”) is executed as of September [14
], 2018, by GREENWAY TECHNOLOGIES, INC., a Texas corporation (the “Debtor”), in favor of MABERT, LLC, a Texas
limited liability company (the “Secured Party”), as agent for the lenders under that certain Loan Agreement
of even date herewith, by and among the Debtor, the lenders party thereto (the “Lenders”) and the Secured Party
(the “Loan Agreement”). Capitalized terms used but not defined herein shall have the meanings set forth in the
Loan Agreement.

1.                 
Grant. The Debtor, for valuable consideration, receipt whereof is hereby acknowledged,
hereby grants to the Secured Party, as agent for the Lenders, a security interest in the following described property and interests
in property of the Debtor (the “Collateral”) whether now owned or hereafter acquired:

 

		(a)	All assets;

 

		(b)	All personal
property;

 

(c)               
All “accounts”,
“general intangibles”, “chattel paper”, “contract rights”, “documents”, “goods”,
“instruments”, “deposit accounts”, “inventory”, “farm
products”, “fixtures” and “equipment”,
as such terms are defined in Article
9 of the Texas Uniform Commercial Code (the “UCC”)
in effect on the date hereof;

 

(d)               
All general
intangibles of every kind, including without limitation,
federal, state and local tax refunds and claims of all kinds;
all rights as a licensee or any kind; all customer
lists, telephone numbers, and purchase orders, and all rights to purchase,
lease sell, or otherwise acquire
or deal with real or personal property and
all rights relating thereto;

 

(e)               
All returned
and repossessed goods and all rights
as a seller of goods of the Debtor; all
collateral securing any of the foregoing; all
deposit accounts, special and general, whether
on deposit with the Secured Party
or others;

 

(f)                
All life
and other insurance policies, claims in contract,
tort or otherwise, and all judgments now
or hereafter arising therefrom;

 

(g)               
All right,
title, and interest of the Debtor,
and all of the Debtor’s rights, remedies, security, and liens,
in, to and in respect of all accounts
and other collateral, including, without limitation, rights of stoppage
in transit, replevin, repossession, and reclamation
and other rights and remedies of an unpaid
vendor, lienor, or secured party, and all guarantees
and other contracts of suretyship with
respect to any accounts and other collateral,
and all deposits and other security for any
accounts and other collateral, and all
credit and other insurance;

 

(h)               
All notes,
drafts, letters of credit, contract rights, and
things in action; all drawings, specifications,
blueprints and catalogs; and all raw materials,
work in process, materials used or consumed
in the Debtor’s business, goods, finished goods, returned goods
and all other goods and inventory of whatsoever
kind or nature, any and all wrapping,
packaging, advertising and shipping materials, and all documents
relating thereto, and all labels
and other devices, names and marks affixed or
to be affixed thereto for purposes of
selling or identifying

 

 

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the same or the seller or manufacturer thereof;

 

(i)                
All inventory,
raw materials and work
in progress wherever located; all present
and future claims against any
supplier of any of the foregoing, including
claims for defective goods or overpayments
to or undershipments by suppliers; all
proceeds arising from the lease or rental
of any of the foregoing; inventory returned
by the Debtor to its suppliers shall
remain subject to the Secured Party’s
security interest;

 

(j)                
All equipment
and fixtures, including without limitation all machinery,
machine tools, motors, controls, parts, vehicles, workstations, tools,
dies, jigs, furniture, furnishings, and fixtures;
and all attachments, accessories, accessions and property
now or hereafter affixed to or used in
connection with any of the foregoing,
and all substitutions and replacements
for any of the foregoing; all warranty
and other claims against any vendor or
lessor of any of the foregoing;

 

		(k)	All investment
property;

 

(l)                
All books,
records, ledger cards, computer data, and programs
and other property and general intangibles
at any time evidencing or relating to any or all of the foregoing;
and

 

(m)            
All cash and non-cash
products and proceeds of any of the foregoing,
in whatever form, including proceeds in the form
of inventory, equipment, or any other form of personal
property, including proceeds of proceeds and proceeds
of insurance, and all claims by the Debtor
against third parties for loss or damage
to, or destruction of, or otherwise relating
to, any or all of the foregoing;

 

to secure payment of the obligations
of the Debtor to the Secured Party and the Lenders under the Loan Agreement and the Notes (as defined in the Loan Agreement) (the
“Obligations”):

 

 

2.                 
Remedies. UPON AN EVENT OF DEFAULT AND AT ANY TIME THEREAFTER, THE SECURED PARTY
MAY DECLARE ALL OBLIGATIONS SECURED HEREBY IMMEDIATELY DUE AND PAYABLE AND SHALL HAVE THE REMEDIES OF A SECURED PARTY UNDER THE
UCC. The requirements of reasonable notice shall be met if delivered in accordance with
Section 3 at least ten (10) days before the time of the sale or disposition. The Secured Party may buy the Collateral at
any public sale.

 

The
remedies of the Secured Party hereunder are cumulative and the exercise of any one or more of the remedies provided for herein
or under the UCC shall not be construed as a waiver of any of the other remedies of the Secured Party so long as any part of the
Debtor’s Obligation remains unsatisfied.

 

3.                 
Notice. All notices and other communications under this Agreement shall be in accordance
with Section 8.4 of the Loan Agreement.

 

4.                 
General. No waiver by the Secured Party of any default shall operate as a waiver
of any other default or of the same default on a future occasion. All rights of the Secured Party hereunder shall inure to the
benefit of its successors and assigns; and all obligations of the Debtor shall bind its successors or assigns. This Agreement shall
become effective when it is signed by the Debtor.

    	2 

    	 

    

The
Debtor irrevocably authorizes the Secured Party at any time and from time to time to file in any jurisdiction any financing statements
and amendments that: (a) name Collateral as collateral thereunder (including a collateral description of “all assets”),
regardless of whether any particular Collateral falls within the scope of the UCC; and (b) contain any other information required
by the UCC for sufficiency or filing office acceptance. The Debtor ratifies any such filings made prior to the date hereof.

 

If
any of the provisions of this Agreement, or the application thereof to any person, party or circumstances, shall, to any extent,
be invalid or unenforceable, the remainder of this Agreement, or the application of such provision or provisions to persons, parties
or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby, and every
provision of this Agreement shall be valid and enforceable to the fullest extent permitted by Law.

 

IRRESPECTIVE
OF THE PLACE OF EXECUTION AND/OR DELIVERY, THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF TEXAS.

 

[Signature page follows.]

    	3 

    	 

    

IN WITNESS WHEREOF, the
undersigned has executed this Agreement to be effective as of the date first written above.

 

DEBTOR:

 

GREENWAY TECHNOLOGIES, INC.

 

 

		By:	/s/ Ransom Jones	 
		Name:	Ransom Jones
		Title:	Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Security Agreement]

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