Document:

EMPLOYEE
EMPLOYMENT AGREEMENT

 

This
EMPLOYEE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 30th day of
August, 2017 (“Effective Date”), by and between Marathon Patent Group, Inc. a Nevada corporation with an address
at 11100 Santa Monica Blvd Suite 380 Los Angeles, CA 90025, and James Crawford, with an address at 4215 324th Avenue
SE, Fall City, WA 98024 (“Employee”).

 

W
I T N E S S E T H:

 

WHEREAS,
Employee desires to be employed by the Company as its Chief Operating Officer (“COO”) and the Company wishes to employ
Employee in such capacity;

 

WHEREAS,
Employee and Company agree that this Agreement supersedes all existing agreements, other than previously granted option agreements,
between Employee and Company, both written and oral and all such agreements will be void;

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the respective covenants and agreements of the parties contained in
this document, the Company and Employee hereby agree as follows:

 

1.       Employment
and Duties. The Company agrees to employ and Employee agrees to serve as the Company’s COO. The duties and responsibilities
of Employee shall include the duties and responsibilities as Doug Croxall or the CEO may from time to time reasonably assign to
Employee. Employee shall devote such working time and efforts during the Company’s normal business hours to the business
and affairs of the Company and its subsidiaries and to the diligent and faithful performance of the duties and responsibilities
duly assigned to his pursuant to this Agreement.

 

2.       Commencement;
At Will. The Employee will commence his employment on September 1, 2017. Employee recognizes that he as an “at-will”
employee and this Agreement confers no fixed length of employment with the Company.

 

3.       Place
of Employment. Employee’s job sites shall be as agreed to between the Company and Employee. The parties acknowledge,
however, that Employee may be required to travel in connection with the performance of his duties hereunder.

 

4.       Base
Salary. For all services to be rendered by Employee pursuant to this Agreement, the Company agrees to pay Employee during
the Employment Period a base salary (the “Base Salary”) of $90,000.00 per annum. The Base Salary shall be paid
in accordance with the Company’s regular practices.

 

5.       Clawback
Rights. Annual Incentive Compensation, if any, shall be subject to the Company Clawback Rights (as defined below). “Company
Clawback Rights” shall be defined as follows: In the event that the Company shall restate or revise any previously announced
prior period earnings or other results upon which any Annual Incentive Compensation to Employee shall have been determined (a
“Restatement”), any Annual Incentive Compensation resulting from such earnings or results shall be adjusted to retroactively
take into account the restated or revised earnings or results, and any excess Annual Incentive Compensation resulting from such
restated or revised earnings or results shall be immediately surrendered to the Company. The Company shall have the right to take
any and all action to effectuate the Company Clawback Rights without further action by Employee, by way of setoff. All determinations
by the Compensation Committee with respect to the Clawback Rights shall be final and binding on the company and Employee. The
parties acknowledge it is their intention that the foregoing Clawback Rights as related to Restatements conform in all respects
to the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd Frank Act”)
relating to recovery of all ‘incentive-based” compensation, pursuant to the provisions of the Dodd Frank Act and any
and all rules and regulations promulgated thereunder from time to tome in effect. Accordingly, the terms and provisions of this
Agreement shall be deemed automatically amended from time to time to assure compliance with the Dodd Frank Act and such rules
and regulations as hereafter may be adopted and in effect.

 

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6.       Expenses.
Employee shall be entitled to prompt reimbursement by the Company for all reasonable ordinary and necessary travel, entertainment,
and other expenses incurred by Employee while employed (in accordance with the policies and procedures established by the Company
for its senior Employee officers) in the performance of his duties and responsibilities under this Agreement; provided, that Employee
shall properly account for such expenses in accordance with Company policies and procedures.

 

7.       Other
Benefits. During the term of this Agreement, Employee shall be eligible to participate in incentive, savings, retirement (401(k)),
and welfare benefit plans, including, without limitation, health, medical, dental, vision, life (including accidental death and
dismemberment) and disability insurance plans (collectively, “Benefit Plans”), in substantially the same manner and
at substantially the same levels as the Company makes such opportunities available to the Company’s managerial or salaried
employees.

 

8.       Termination
of Employment.

 

(a)       Death.
If Employee dies during the Employment Period, this Agreement and Employee’s employment with the Company shall automatically
terminate and the Company shall have no further obligations to Employee or his heirs, administrators or executors with respect
to compensation and benefits accruing thereafter, except for the obligation to pay to Employee’s heirs, administrators or
executors any earned but unpaid Base Salary and vacation pay, unpaid pro rata Annual Incentive Compensation through the
date of death and reimbursement of any and all reasonable and documented expenses paid or incurred by Employee in connection with
and related to the performance of his duties and responsibilities for the Company during the period ending on the termination
date. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and
other appropriate deductions.

 

(b)       Disability.
In the event that, during the term of this Agreement Employee shall be prevented from performing his duties and responsibilities
hereunder to the full extent required by the Company by reason of Disability (as defined below), this Agreement and Employee’s
employment with the Company shall automatically terminate and the Company shall have no further obligations or liability to Employee
or her heirs, administrators or executors with respect to compensation and benefits accruing thereafter, except for the obligation
to pay Employee or his heirs, administrators or executors any earned but unpaid Base Salary, unpaid pro rata Annual Incentive
Compensation and unused vacation days accrued through Employee’s last date of Employment with the Company and reimbursement
of any and all reasonable and documented expenses paid or incurred by Employee in connection with and related to the performance
of his duties and responsibilities for the Company during the period ending on the termination date. The Company shall deduct,
from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions
through the last date of Employee’s employment with the Company. For purposes of this Agreement, “Disability”
shall mean a physical or mental disability that prevents the performance by Employee, with or without reasonable accommodation,
of his duties and responsibilities hereunder for a period of not less than an aggregate of three (3) months during any twelve
(12) consecutive months.

 

9.       Confidential
Information.

 

(a)       Disclosure
of Confidential Information. Employee recognizes, acknowledges and agrees that he has had and will continue to have access
to secret and confidential information regarding the Company, its subsidiaries and their respective businesses (“Confidential
Information”), including but not limited to, its products, methods, formulas, patents, sources of supply, customer dealings,
data, know-how, trade secrets and business plans, provided such information is not in or does not hereafter become part of the
public domain, or become known to others through no fault of Employee. Employee acknowledges that such information is of great
value to the Company, is the sole property of the Company, and has been and will be acquired by him in confidence. In consideration
of the obligations undertaken by the Company herein, Employee will not, at any time, during or after his employment hereunder,
reveal, divulge or make known to any person, any information acquired by Employee during the course of his employment, which is
treated as confidential by the Company, and not otherwise in the public domain. The provisions of this Section 12 shall survive
the termination of Employee’s employment hereunder.

 

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(b)       Employee
affirms that he does not possess and will not rely upon the protected trade secrets or confidential or proprietary information
of any prior employer(s) in providing services to the Company or its subsidiaries.

 

(c)       In
the event that Employee’s employment with the Company terminates for any reason, Employee shall deliver forthwith to the
Company any and all originals and copies, including those in electronic or digital formats, of Confidential Information.

 

12.
       Non-Solicitation and Non-Interference.

 

(a)       Employee
will not recruit, solicit or hire, or attempt to recruit, solicit or hire, any employee, or independent contractor of the Company
to leave the employment (or independent contractor relationship) thereof, whether or not any such employee or independent contractor
is party to an employment agreement;

 

(b)       Employee
will not Interfere with any relationship, contractual or otherwise, between the Company and any other party, including, without
limitation, any supplier, distributor, co-venturer or joint venturer of the Company to discontinue or reduce its business with
the Company or otherwise interfere in any way with the business of the Company.

 

13.       Miscellaneous.

 

(a)       Employee
acknowledges that the services to be rendered by him under the provisions of this Agreement are of a special, unique and extraordinary
character and that it would be difficult or impossible to replace such services. Furthermore, the parties acknowledge that monetary
damages alone would not be an adequate remedy for any breach by Employee of Section 12 or Section 13 of this Agreement. Accordingly,
Employee agrees that any breach or threatened breach by her of Section12 or Section 13 of this Agreement shall entitle the Company,
in addition to all other legal remedies available to it, to apply to any court of competent jurisdiction to seek to enjoin such
breach or threatened breach. The parties understand and intend that each restriction agreed to by Employee hereinabove shall be
construed as separable and divisible from every other restriction, that the unenforceability of any restriction shall not limit
the enforceability, in whole or in part, of any other restriction, and that one or more or all of such restrictions may be enforced
in whole or in part as the circumstances warrant. In the event that any restriction in this Agreement is more restrictive than
permitted by law in the jurisdiction in which the Company seeks enforcement thereof, such restriction shall be limited to the
extent permitted by law. The remedy of injunctive relief herein set forth shall be in addition to, and not in lieu of, any other
rights or remedies that the Company may have at law or in equity.

 

(b)       Neither
Employee nor the Company may assign or delegate any of their rights or duties under this Agreement without the express written
consent of the other; provided, however, that the Company shall have the right to delegate its obligation of payment of all sums
due to Employee hereunder, provided that such delegation shall not relieve the Company of any of its obligations hereunder.

 

(c)       This
Agreement constitute and embody the full and complete understanding and agreement of the parties with respect to Employee’s
employment by the Company, supersede all prior understandings and agreements, whether oral or written, between Employee and the
Company, and shall not be amended, modified or changed except by an instrument in writing executed by the party to be charged.
The invalidity or partial invalidity of one or more provisions of this Agreement shall not invalidate any other provision of this
Agreement. No waiver by either party of any provision or condition to be performed shall be deemed a waiver of similar or dissimilar
provisions or conditions at the same time or any prior or subsequent time.

 

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(d)       This
Agreement shall inure to the benefit of, be binding upon and enforceable against, the parties hereto and their respective successors,
heirs, beneficiaries and permitted assigns.

 

(e)       The
headings contained in this Agreement are for convenience of reference only and shall not affect in any way the meaning or interpretation
of this Agreement.

 

(f)       All
notices, requests, demands and other communications required or permitted to be given hereunder shall be in writing and shall
be deemed to have been duly given when personally delivered, sent by registered or certified mail, return receipt requested, postage
prepaid, or by reputable national overnight delivery service (e.g. Federal Express) for overnight delivery to the party at the
address set forth in the preamble to this Agreement, or to such other address as either party may hereafter give the other party
notice of in accordance with the provisions hereof. Notices shall be deemed given on the sooner of the date actually received
or the third business day after deposited in the mail or one business day after deposited with an overnight delivery service for
overnight delivery.

 

(g)       This
Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without reference to
principles of conflicts of laws and each of the parties hereto irrevocably consents to the jurisdiction and venue of the federal
and state courts located in the New York, New York.

 

(h)       This
Agreement may be executed simultaneously in two (2) or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one of the same instrument. The parties hereto have executed this Agreement as of the date set
forth above.

 

(i)       Employee
represents and warrants to the Company, that he has the full power and authority to enter into this Agreement and to perform his
obligations hereunder and that the execution and delivery of this Agreement and the performance of his obligations hereunder will
not conflict with any agreement to which Employee is a party.

 

(j)       Employee
confirms that he agrees to be bound by the Company’s code of conduct and corporate governance requirements and by all company
policies, rules and procedures now in effect or as adopted in the future

 

IN
WITNESS WHEREOF, Employee and the Company have caused this Employee Employment Agreement to be executed as of the date first above
written.

 

MARATHON
PATENT GROUP, INC.

 

	By:
    	 /s/
    Doug Croxall	 
	 	 	 
	Name:	Doug
    Croxall	 
	 	 	 
	Title:	Chief
    Executive Officer	 

 

 

	By:	 /s/
    James Crawford	 
	 	 	 
	Name:
    	James
    Crawford	 
	 	 	 
	Employee	 	 

  

    	 	4Consulting
Termination and Release Agreement 

 

This
release agreement dated August 31, 2017 (the “Agreement”) is entered into by and among Marathon Patent Group,
Inc. (“Marathon” or the “Company”) and Erich Spangenberg (“Vendor”) (hereinafter referred
to from time to time collectively as the “Parties” and individually as a “Party”).

 

1.       Termination.
The Consulting Agreement entered into between Company and Vendor on August 3, 2017 is hereby
terminated, effective immediately; provided, however, Sections 4, 5, 7 and 9 shall survive such termination and are incorporated
herein by reference. 

 

2.       Option
Grant. Vendor was granted an option to purchase 500,000 shares of the Company’s common stock at a price of $1.87 per
share on May 10, 2016. As of the date of this agreement, the option to purchase 312,500 shares have vested and the option to purchase
187,500 shares have not vested.

 

3.       Complete
Mutual Release of All Claims to Date. Except for the obligations undertaken herein, the Parties
mutually release each other and their affiliates, from any and all liabilities, charges, complaints, claims, demands, causes of
action, or suits at law or equity of whatever kind or nature, known or unknown, which they may now have or may hereafter assert
based, in whole or in part, as well as, any counterclaims, crossclaims, defenses, or set offs. This is a full, general
and complete mutual release of all claims to date. The Parties acknowledge and agree that it
is their mutual intent that, with the exception of the obligations contained in this Agreement, all relations, obligations, and
duties that the Parties have toward one another are hereby ended and upon payment the Company shall be entitled to reflect a $0
sum balance on its financial statements. The Company will not take any action that in any way adversely effects the rights of
Vendor under the options or grant referred to above or the related agreements. This Agreement will have no impact on any amounts
payable or that may become payable in the future by the Company to any affiliate or former affiliate of Vendor, including under
various interest purchase agreements to which the Company or its affiliates are a party. 

 

4.       Merger.
Except as provided herein, any and all previous understandings between the Parties with respect to the subject matter contained
herein are superseded by and merged into this Agreement, which alone fully and completely expresses the agreement between the
parties hereto.

 

5.       Binding
Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the Parties hereto, their respective heirs,
estates, executors, administrators, predecessors, successors and assigns, upon any entity into which any of them may merge, consolidate
or combine and as otherwise set forth herein.

 

6.       Acknowledgements.
Each Party to this Agreement acknowledges and represents that: (a) each has read the Agreement; (b) each clearly understands
the Agreement and each of its terms; (c) each fully and unconditionally consents to the terms of this Agreement; (d) each has
had the benefit and advice of counsel of its own selection; (e) each has executed this Agreement freely and without undue influence
or duress; and (f) each is not relying upon any representations or communications, either written or oral, express or implied,
made by any person or entity other than as set forth in this Agreement.

 

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

 

	Marathon
    Patent Group, Inc.	 	Erich
    Spangenberg
	 	 	 
	By:	/s/
    Doug Croxall	 	By:	/s/
    Erich Spangenberg
	Print Name:	Doug
    Croxall	 	Print Name:	Erich
    Spangenberg
	Title:	CEO	 	Title:	Consultant

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