Document:

Gurata Gold, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

EXECUTIVE EMPLOYMENT AGREEMENT

Between
Gurata Gold, Inc. d/b/a Forza Environmental
Building Products, Inc. 
and
Paul J. Artzer

THIS AGREEMENT is made as of 1 May 2010, between Gurata
Gold, Inc. d/b/a Forza Environmental Building Products, Inc. (“Company”), and
Paul J. Artzer (“Executive”).

In consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 

1. Employment: The Company shall employ Executive, and
Executive hereby accepts employment with the Company, upon the terms and
conditions set forth in this Agreement for the period beginning on May 1, 2010,
and ending as provided in Section 5 or 6 hereof (the “Employment Period”). This
Agreement shall be void ab initio and of no force and effect if the Commencement
Date does not occur on or before May 5, 2010.

2. Position and Duties

(a) During the Employment Period, Executive shall serve
as the Vice President of Research and Development of the Company and shall have
the normal duties, responsibilities, functions and authorities customarily
exercised by the VP of R & D of any company of similar size and nature as
the Company. During the Employment Period, Executive shall render such
administrative, financial and other executive and managerial services to the
Company and its affiliates which are consistent with Executive’s position as the
Board of Directors of the Company (the “Board”) may from time to time
direct.

(b) During the Employment Period, Executive shall report
to the Board and shall devote his best efforts and the necessary part of his
business time and attention (except for permitted vacation periods and
reasonable periods of illness or other incapacity) to the
business and affairs of the Company. Executive shall perform his duties, responsibilities and functions to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the
Company’s policies and procedures in all material respects. In performing his duties and exercising his authority under this Agreement, Executive shall support and implement the business and strategic plans approved from time to time by the
Board and shall support and cooperate with the Company’s efforts to expand its businesses and operate profitably and in conformity with the business and strategic plans approved by the Board during the Employment Period,

c) Executive shall grant the Company the exclusive universal (worldwide) right to manufacture, market, and distribute the Artzer Z-PanelTM.

d) Executive may serve as an officer or director of, or otherwise perform services for compensation for, any other entity without the prior written consent of the Board so long as said position or employment is not in direct competition with
the Company or its’ products. Executive may serve as an officer or director of or otherwise participate in purely educational, welfare, social, religious and civic organizations so long as such activities do not interfere with Executive’s
employment. Nothing contained herein shall preclude Executive from (i) engaging in charitable and community activities; (ii) participating in industry and trade organization activities; (iii) managing his and his family’s personal investments
and affairs; and (iv) delivering lectures, fulfilling speaking engagements or teaching at educational institutions provided, that such activities do not materially interfere with the regular performance of his duties and responsibilities under this
Agreement.

3. Compensation and Benefits

(a) During the period beginning on the Commencement Date and ending on May 1, 2015, Executive’s annual base salary shall be $72,000. For the portion of the Employment Period beginning on May 1, 2011 and for periods thereafter, the
Executive’s annual base salary shall be reviewed and determined by the Board (such initial annual base salary and the annual base salary as determined and adjusted from time to time by the Board are referred to herein as, the “Base
Salary”). The Base Salary shall be payable by the Company in regular installments in accordance with the Company’s general payroll practices (in effect from time to time) but in any event no less frequently than monthly. For purposes of
this Agreement, the Base Salary shall not include any other type of compensation or benefit paid or payable to the Executive. Notwithstanding anything in this Agreement to the contrary, any decrease in Executive’s then Base Salary shall be
deemed Good Reason. Conversely, the Company may increase the Executive’s Base Salary in accord with increased business activity on the part of the Company or generally greater demands on the Executive’s business time and efforts than are
currently contemplated for this initial employment period.

(b) Bonuses and Incentive Compensation

(i) Annual Bonus: Beginning for fiscal year 2010 and for each fiscal year thereafter during the Employment Period, based on achievement of criteria determined by the Board as soon as administratively practicable following the beginning of
each such fiscal year with input from Executive, Executive will be entitled to an annual bonus with a target amount equal to not less than 25% of the Executive’s then Base Salary (the “Annual Bonus”). The Company shall pay the Annual
Bonus in a single cash lump-sum after the end of the Company’s fiscal year in accordance with procedures established by the Board, but in no event later than June 15 of the subsequent fiscal year.

(ii) Short Term Incentive: The Company shall provide executive with 500,000 restricted shares or units (“restricted stock”) based on the signing of this agreement.

(iii) Long Term Incentive: The Company shall provide Executive with a combination of restricted stock or units (“restricted stock”) at the rate of 500,000 per year up to a total of 2,000,000 shares and stock options (the
“Executive LTIP”) to be issued to Executive upon the Company’s decision to extend the employment agreement beyond the initial five year period. The aggregate value of the grant under the Executive LTIP shall be determined by the
Board. 

The specific terms of the restricted stock and the stock options granted under the LTIP (including, without limitation, customary anti-dilution and other provisions) will be reflected in separate stock option and restricted stock agreements
that will be negotiated by Executive and the Company in good faith prior to the end of the initial three months of this employment period. 

(c) During the Employment Period, the Company shall promptly reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with
the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 

(d) In addition to the Base Salary and any bonuses and incentives payable to Executive pursuant to this Section 3, Executive shall also be entitled to the following benefits during the Employment Period, unless otherwise modified by the
Board:

(i) Participation in Company Plans, such as retirement, health and welfare plans and disability insurance plans, under the terms of such plans and to the same extent and under the same conditions and participation as said overage is provided
to other senior members of management the Company and when such plans are finalized by
the Company.

(ii) Key Man Insurance with a death benefit to be
determined in the future by the Company as it institutes its’ Human Resources
plans and policies.

(iii) Paid Vacation of four (4) weeks each calendar year
in accordance with the Company’s vacation policy 

(iv) Coverage under the Company’s director and officer
liability insurance policy.

Notwithstanding anything in this Agreement to the contrary, if
the benefits provided to Executive under Section 3(d) are materially reduced or
benefits provided to Executive under Section 3(d) are reduced at all, such
reduction shall be deemed “Good Reason.”

4. Termination: The Employment Period shall end on the
five year anniversary of the Commencement Date, provided, however, that the
Employment Period shall be automatically renewed for successive one-year terms
thereafter on the mutually agreed upon terms and conditions set forth herein
unless either party provides the other party with notice that it has elected not
to renew the Employment Period at least 30 days prior to the end of the initial
Employment Period or any subsequent extension thereof. Notwithstanding the
foregoing, (i) the Employment Period shall terminate immediately upon
Executive’s resignation (with or without Good Reason, as defined herein), death
or Disability and (ii) the Employment Period may be terminated by the Company at
any time prior to such date for Cause or without Cause. 

Except as otherwise provided herein, any termination of
the Employment Period by the Company shall be effective as specified in a
written notice from the Company to Executive, but in no event more than 30 days
from the date of such notice.

5. Severance

(a) Termination Without Cause or for Good Reason. In the
event of Executive’s termination of employment with the Company (i) by the
Company without “Cause” (ii) by Executive for “Good Reason” or (iii) if the
Company notifies Executive pursuant to Section 6 that it has elected not to
renew this Agreement after the initial five year term or any subsequent one-year
term, Executive shall be entitled to the benefits set forth below in this
Section 5(a). 

As a condition to the payment of any severance benefits or any
other benefits to which Executive is not absolutely entitled as a matter of law,
the Executive shall execute and deliver a “Release” in a form to be provided by
the Company within the initial 90 day period of this agreement, in consideration for which the
Company agrees to the following:

The Company shall pay Executive in a prompt lump-sum
cash payment an amount equal to the Executive’s monthly Base Salary (as in
effect at the date of Executive’s termination determined without regard to any
reduction in such Base Salary constituting Good Reason).

(b) Termination for Cause or Voluntary Resignation. In
the event Executive’s employment with the Company is terminated (i) by the Board
for Cause, or (ii) by Executive’s resignation from the Company for any reason
other than Good Reason or Disability the Company agrees to the following:

The Company shall pay Executive the amount described in
Section 5(a).

(c) No Other Payments: Except as provided in (a), or (b)
above, all of Executive’s rights to salary, bonuses, employee benefits and other
compensation hereunder which would have accrued or become payable after the
termination or expiration of the Employment Period shall cease upon such
termination or expiration, other than those expressly required under applicable
law (such as COBRA).

	Agreed and Accepted: 	 	  	 
	 	 	 	 
	 	 	 	 
	Charles T. Slay 	 	Paul J. Artzer 	 
	President, Gurata Gold, Inc. 	 	  	 
	(also) d/b/a “Forza” 	 	  	 
	  	 	  	 
	 	 	 	 
	Date: 	 	 	Date:Exhibit 10.1

 

CONSULTING AGREEMENT

 

This
is a consulting agreement (“Agreement”) made and entered into as of the 18th
day of June, 2010, by and between Donald Kraft, whose address is 31 Lake
Baldwin Drive, Pennington, NJ  08534 (“Mr. Kraft”)
and Covance Inc., a Delaware corporation (“Covance”), whose address is 210
Carnegie Center, Princeton, New Jersey 08540. 
Covance desires to engage Mr. Kraft as a consultant, and Mr. Kraft
is willing to be engaged as a consultant, to assist Covance in a variety of
human resources and business matters.

 

NOW,
THEREFORE, in consideration of the mutual covenants, terms and conditions
contained in this Agreement, Mr. Kraft and Covance agree as follows:

 

1.             Status.   Mr. Kraft
voluntarily resigns as Corporate Senior Vice President and an employee of
Covance, effective June 30, 2010.  Mr. Kraft
will serve as an independent consultant to Covance, commencing on July 1,
2010 and continuing through the Term as defined in Paragraph 3 below.

 

2.             Consulting Duties.   Mr. Kraft shall provide to Covance
those duties reasonably requested by the Chief Executive Officer of Covance or
his designee (the “Contact”), including, those duties set forth above (the “Consulting
Duties”);  provided, that the
Contact may make reasonably related modifications to, or eliminate, all or any
of the Consulting Duties at any time.  Mr. Kraft
shall perform the consulting duties primarily at an office to be provided by
Covance, but will, upon request or as appropriate for the performance of
Company needs, provide the services at such other places as appropriate,
provided Covance agrees to pay Mr. Kraft’s travel expenses (which expenses
must be pre-approved by Covance).

 

3.             Term.   This Agreement shall be effective for an
initial six (6) month term, and may be extended monthly thereafter if
agreed to in writing by the parties (“Term”). 
However, Mr. Kraft may terminate this Agreement prior to the Term
upon thirty (30) days written notice to Contact, and Covance may terminate this
Agreement either for cause or upon thirty (30) days written notice after the
initial six month term.

 

4.             Time, Fees.   Mr. Kraft agrees to participate in at
least one monthly teleconference with the Contact to discuss the Consulting
Duties. Mr. Kraft shall submit to Covance at the end of each month a
written report reasonably satisfactory to Covance identifying the activities
undertaken by Mr. Kraft on behalf of Covance during such month.  Covance shall pay Mr. Kraft $28,500 per
month and Covance shall also provide Mr. Kraft with an amount equal to the
monthly premium for COBRA continuation coverage for Mr. Kraft and his
eligible dependents.  Such fees shall be
paid at the end of each month for work performed during such month but only
after receipt by the Contact of a written invoice detailing Mr. Kraft’s
activities

 

 

5.             Non-Competition.   While
this Agreement remains in effect, and for a one year period following its
termination, regardless whether by Mr. Kraft or Covance and regardless of
the reason for the termination, Mr. Kraft shall not directly own, manage,
operate, finance, join, control, participate in, or derive any financial
benefit whatsoever from, or be an officer, director, employee, partner or
consultant of, any entity or person engaged in or seeking to engage in the
provision of contract-based drug development services to pharmaceutical and
other manufacturers in any region of the world where Covance maintains
customers, including Europe, the United States and Asia.

 

6.             Confidential Information.   From the date hereof, and notwithstanding
termination of this Agreement, regardless whether by Mr. Kraft or Covance
and regardless of the reason for the termination, Mr. Kraft will not,
directly or indirectly, use for his own benefit or purposes, disclose to, or
use for the benefit or purposes of anyone other than Covance, any Confidential
Information regarding the Company and its affiliates.  “Confidential Information” means all data,
information, know-how, processes, process parameters, methods, practices,
specifications, raw materials and preparations, designs, fabrication
techniques, technical plans, algorithms, computer programs, documentation,
customer names or lists, price lists, supplier names or lists, trade secrets,
business plans, expansion plans, marketing plans, financial information,
succession planning and performance information relating to members of the
Covance Senior Management Group (defined to include Covance employees invited
to the annual Covance Senior Management Meeting) and the like, in whatever form
or medium, and whether or not generated by Covance or received by Covance from
third parties,  whether or not designated
or marked “Confidential” or the like, which Mr. Kraft learns or acquires
while engaged by Covance hereunder or during his prior employment by Covance.

 

Notwithstanding
the foregoing, Confidential Information shall not include information which:

 

(a)           Is now, or which hereafter,
through no act or failure to act on the part of Mr. Kraft, becomes
generally known or available to the public without breach of this Agreement; or

 

(b)           Is hereafter furnished to Mr. Kraft
in good faith by a third party who has an independent right to such
Information; or

 

(c)           Is disclosed with the
written approval of Covance.

 

7.             Records and Documents.   Except
in the performance of his duties as a consultant of Covance, Mr. Kraft
will not at any time or in any manner make or in any manner make or cause to be
made any copies, pictures, duplicates, facsimiles, or other reproductions,
recordings, abstracts, or summaries of any Confidential Information.  Mr. Kraft shall have no right, title or
interest in any such Confidential Information, and Mr. Kraft agrees that
he has not removed and will not remove such Confidential Information without
the prior written consent of Covance (except as needed to perform the
Consulting Duties), 

 

 

and
that he will surrender all such materials and all copies and summaries thereof
and all materials prepared based thereon to Covance immediately upon the
termination of this Agreement, or at any time prior or subsequent thereto upon
request of Covance.  In addition, Mr. Kraft
shall not at any time make any defamatory statements to anyone regarding
Covance or its affiliates or any officer, director or employee of any of the
foregoing, or otherwise take any action intended or which may reasonably be
expected, directly or indirectly, to impair the goodwill, business reputation
or good name of Covance or its affiliates or any officers, director or employee
of any of the foregoing.

 

8.             Contractor Status.   The relationship of Covance and Mr. Kraft
shall be that of independent contractor and not that of an employee of Covance
or any of its affiliates. Mr. Kraft shall not be entitled to nor receive
any benefit normally provided to Covance’s employees including, by way of
example only, medical and health insurance, paid vacations and holidays, and
participation in any 401(k) or profit sharing plan.  Nothing contained in this Agreement shall be
construed so as to constitute Covance or any of its affiliates and Mr. Kraft
as partners or joint ventures.  Covance
will not withhold or pay Social Security taxes, unemployment insurance,
federal, state or local income taxes or any other tax on fees paid hereunder on
Mr. Kraft’s behalf and all payments made to Mr. Kraft will be
reported by Covance on a Form 1099. 
All such taxes shall be Mr. Kraft’s sole responsibility to pay and Mr. Kraft
shall make all filings with respect thereto.

 

9.             Release.   The
Employee, on behalf of Employee, Employee’s heirs, executors, administrators,
successors and assigns, hereby releases and forever discharges Covance and each
and every subsidiary and affiliate of Covance, and all of their successors and
assigns, together with the officers, directors and employees of the foregoing,
from any and all actions, causes of action, suits, damages, judgments,
executions, claims and demands of any kind whatsoever, (collectively, “Claims”),
in law or in equity, which the Employee or Employee’s heirs, executors,
administrators, successors or assigns had, now have or hereafter may have
against them or any of them the basis of which arose on or prior to the
Effective Date for any reason, including, without limiting the generality of
the foregoing, any Claims arising out of, or in connection with Employee’s
employment with Covance or the termination of the employment relationship,
including, but not limited to, any Claims arising out of, or in connection with
any New Jersey Civil or Human Rights Law, including, without limitation, the
New Jersey Law Against Discrimination, the Conscientious Employee Protection
Act, and the New Jersey Family Leave Act, Title VII of the Civil Rights Act of
1964, as amended, the Equal Employment Opportunity Act of 1972, as amended, the
Rehabilitation Act, as amended, the Social Security Act, as amended, the Equal
Pay Act, as amended, the Age Discrimination and Employment Act, as amended, the
Americans with Disabilities Act, as amended, the Family and Medical Leave Act,
as amended, or any other federal, state or local law, rule, regulation or
ordinance, any common law claims under tort, contract or any other theory now
or hereafter recognized and any oral or written agreement.  Notwithstanding any breach of this Agreement
by the Employee, this release shall be binding upon the Employee, Employee’s
heirs, successors and assigns. 
Notwithstanding the foregoing, nothing in this Agreement shall waive any
rights Employee has under the Employment Retirement Security Income Act.

 

 

10.          Support of Company.   Mr. Kraft
agrees not to make critical, negative or disparaging remarks about Covance
or any of its subsidiaries, affiliates, officers, directors, agents or
employees, including but not limited to comments about any services, business
or employment practices of any of them.

 

11.          Representations and
Warranties of the Parties.  
Each party hereto hereby represents and warrants to the other party
hereto that it has no prior commitments, arrangements, or agreements with any
third parties which might interfere with, or preclude the carrying out of, each
and every one of its obligations under this Agreement.  During the term of this Agreement, Mr. Kraft
will not contract with any third party to perform the same or similar services
as those provided to Covance hereunder.

 

12.          Assignment.   This Agreement shall be binding on and inure
to the benefit of the parties hereto and their heirs, executors, legal
representatives, successors and assigns. 
Except in the event of a transfer of all or substantially all of the assets
of Covance to a successor corporation or affiliate of Covance, neither party
shall have the right to assign its obligations, or all or any portion of its
rights or interests under this Agreement without the prior written consent of
the other party hereto.

 

13.          Governing Law and Forum.   This
Agreement is made and entered into and is to be governed by and construed in
accordance with the laws of the State of New Jersey.  Mr. Kraft and Covance agree that the
sole and exclusive forum for any disputes between them shall be the United
States District Court or the New Jersey Superior Court sitting in and for
Mercer County, New Jersey, and the parties expressly consent to the
jurisdiction of said courts for the adjudication of any such disputes.

 

14.          Indemnification.   Covance
shall indemnify Mr. Kraft against any and all losses, claims, damages,
penalties, judgments, liabilities and expenses, including but not limited to
reasonable attorneys’ fees and other expenses of litigation and any
pre-litigation investigation (herein, “Liabilities”) which Mr. Kraft may
pay, incur or become subject to arising out of Mr. Kraft’s performance of
services pursuant to this Agreement, unless such Liabilities arise out of the
negligence or intentional misconduct of Mr. Kraft; and correspondingly, Mr. Kraft
shall indemnify Covance against any and all such Liabilities which Covance may
pay, incur or become subject to arising out of Mr. Kraft’s performance of
services under this Agreement, to the extent that such Liabilities arise out of
the negligence or intentional misconduct of Mr. Kraft.

 

15.          Notices.   Every notice to any party given pursuant to
this Agreement shall be in writing and shall be given in person, by nationally
recognized overnight courier delivery service (providing proof of delivery) or
by facsimile with electronic confirmation of delivery (with a hard copy
delivered by such an overnight courier), addressed to the addresses for each
party first set forth below.  Any such
address may be changed by any party by notice to the other party.  Any notice shall be deemed delivered and
effective (I) upon receipt, if given in person, (ii) upon the next
Business Day following dispatch if sent by such overnight service, and (iii) upon
completion of facsimile transmission if sent 

 

 

by
facsimile.  “Business Day” shall mean
every day except Saturdays, Sundays and days on which banks in the State of New
Jersey are required or authorized to be closed.

 

	
  If
  to Mr. Kraft:

  	
  Mr. Donald
  Kraft

  
	
   

  	
  31
  Lake Baldwin Drive

  
	
   

  	
  Pennington,
  NJ 08534

  
	
   

  	
   

  
	
  If
  to Covance:

  	
  Chief
  Executive Officer

  
	
   

  	
  Covance
  Inc.

  
	
   

  	
  210
  Carnegie Center

  
	
   

  	
  Princeton,
  NJ 08540

  

 

The
addresses for the purpose of this Paragraph may be changed only by giving
written notice of such change in the manner provided herein for giving notices.

 

16.          Waiver.   The failure of either party at any time to
require performance by the other party of any provision hereof shall not affect
in any way the full right to require such performance at any time thereafter,
nor shall a waiver by either party of a breach of any provision hereof be taken
or held to be a waiver of future performance under the provision itself.

 

17.          Captions.   The captions of the Paragraphs herein are
inserted as a matter of convenience only and in no way define, limit, or
describe the scope of this Agreement or any provisions hereof.

 

18.          Entire Agreement.   This Agreement sets forth the entire
agreement and understanding between the parties hereto as to the subject matter
hereof.   This Agreement may be amended
only by a written instrument signed by both parties hereto making specific
reference to this Agreement and expressing the plan or intention to modify it.

 

19.          Expenses.   Covance will reimburse Mr. Kraft for
reasonable out-of-pocket expenses incurred by Mr. Kraft, provided such
expenses are approved in advance by the Contact.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date and
year first above set forth.

 

	
  MR.
  KRAFT:

  	
   

  	
  COVANCE
  INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Donald Kraft

  	
   

  	
  /s/
  Joseph Herring

  
	
  By:
  Donald Kraft

  	
   

  	
  By:

  	
  Joseph
  Herring

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Executive Officer

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