Document:

Exhibit 10.3

 

AMENDMENT NO.
1 

TO 

EMPLOYMENT AGREEMENT

 

This Amendment
No. 1 to the Employment Agreement (“Amendment”), dated April 27, 2016, is by and between Drone Aviation Holding
Corp., a Nevada corporation with an address 11651 Central Parkway #118, Jacksonville, FL 32224 (the “Company”),
and Kendall Carpenter (the “Executive”).

WHEREAS, the parties
entered into an Employment Agreement on May 18, 2015 (the “Employment Agreement”); and

WHEREAS, the parties
wish to further amend the Employment Agreement as set forth below, with the understanding that all other provisions of the Employment
Agreement shall remain unchanged;

NOW, THEREFORE,
in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:

1.
Section 3 of the Employment Agreement- Term of Employment- is hereby extended by one (1) year until May 18, 2018.

2.
Section 4(d) of the Employment Agreement shall be amended in its entirety to read as follows:

The
Employee shall be entitled to participate in such pension, profit sharing, group insurance, hospitalization, and group health
and benefit plans and all other benefits and plans, including perquisites, if any, as the Corporation provides to its senior Employees,
including group family health insurance coverage which shall be paid by the Corporation (the “Benefit Plans”).
In the event the Corporation does not have a health benefit plan in place, or the health benefit plan is limited geographically,
the Corporation shall reimburse the Employee for expenses incurred in maintaining health and dental insurance for Employee, her
spouse and children, in an amount not to exceed $1,500 per month.

3.
Section 4 of the Employment Agreement – Compensation of Employee – is hereby modified to $150,000 annual Base Salary.

4.
The terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and effect.

IN WITNESS WHEREOF, the parties have
executed this agreement as of the date first stated above.

 

    	 		 

    	 

    

 

Signature Page
to the Amendment No. 2 to Employment Agreement]

 

	 	 	DRONE AVIATION HOLDING CORP.
	 	 	 
	 	 	By: /s/ Kendall Carpenter
	 	 	Name: Kendall W. Carpenter
	 	 	Title: Chief Financial Officer
	 	 	 
	 	 	 
	 	 	By: /s/ Jay H. Nussbaum
	 	 	Name: Jay H. Nussbaum
	 	 	Title: Chief Executive Officer
	 	 	 
	 	 	 

 

    	 	2Exhibit  10.4

 

AMENDMENT NO.
2 

TO 

EMPLOYMENT AGREEMENT

 

This
Amendment No. 2 to the Employment Agreement (“Amendment”), dated April 27, 2016, is by and between Drone Aviation
Holding Corp., a Nevada corporation with an address 11651 Central Parkway #118, Jacksonville, FL 32224 (the “Company”),
and Daniyel Erdberg (the “Executive”).

WHEREAS,
the parties entered into an Employment Agreement on May 18, 2015 (the “Employment Agreement”); and

WHEREAS,
the parties entered into an Amendment No. 1 on October 2, 2015 (Erdberg Amendment No. 1); and

WHEREAS,
the parties wish to further amend the Employment Agreement as set forth below, with the understanding that all other provisions
of the Employment Agreement shall remain unchanged;

NOW,
THEREFORE, in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:

1.
Section 3 of the Employment Agreement- Term of Employment- is hereby extended by one (1) year until May 18, 2018.

2.
Section 4 of the Employment Agreement – Compensation of Employee – is hereby modified to $150,000 annual Base Salary.

3.
The terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and effect.

IN
WITNESS WHEREOF, the parties have executed this agreement as of the date first stated above.

 

	 	 	DRONE AVIATION HOLDING
    CORP.
	 	 	 
	 	 	By: /s/
    Kendall Carpenter
	 	 	Name: Kendall W. Carpenter
	 	 	Title: Chief Financial Officer
	 	 	 
	 	 	DANIYEL ERDBERG
	 	 	 
	 	 	By: /s/
    Daniyel Erdberg
	 	 	Name: Daniyel Erdberg
	 	 	Title: PresidentExhibit  10.5

 

AMENDMENT NO.
2 

TO 

EMPLOYMENT AGREEMENT

 

This Amendment
No. 2 to the Employment Agreement (“Amendment”), dated April 27, 2016, is by and between Drone Aviation Holding
Corp., a Nevada corporation with an address 11651 Central Parkway #118, Jacksonville, FL 32224 (the “Company”),
and Felicia Hess (the “Executive”).

WHEREAS, the parties
entered into an Employment Agreement on May 18, 2015 (the “Employment Agreement”); and

WHEREAS, the parties
entered into an Amendment No. 1 on October 2, 2015 (Hess Amendment No. 1); and

WHEREAS, the parties
wish to further amend the Employment Agreement as set forth below, with the understanding that all other provisions of the Employment
Agreement shall remain unchanged;

NOW, THEREFORE,
in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:

1.Section 3 of the Employment Agreement-
Term of Employment- is hereby extended by one (1) year until May 18, 2018.

 

2. The
terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and
effect.

 

IN
WITNESS WHEREOF, the parties have executed this agreement as of the date first stated above.

 

	 	 	DRONE AVIATION HOLDING
    CORP.
	 	 	 
	 	 	By: /s/
    Kendall W. Carpenter
	 	 	Name: Kendall W. Carpenter
	 	 	Title: Chief Financial Officer
	 	 	 
	 	 	 
	 	 	By: /s/
    Felicia Hess
	 	 	Name: Felicia Hess
	 	 	Title: Chief Operating OfficerExhibit 10.6

DIRECTOR AGREEMENT

DIRECTOR
AGREEMENT (this “Agreement”) made as of the 27 day of April 2016 by and between Drone Aviation Holding
Corp., a Nevada corporation (the “Company”) and Lt. General Michael T. Flynn (R) (“Nominee”).

WHEREAS,
the Company desires to attract and retain a director who will consent to serve as Vice Chairman of the Board of Directors of the
Company (the “Board”); and

WHEREAS,
the Company believes that Nominee possesses valuable qualifications and abilities to serve on the Company’s Board and as
its Vice Chairman.

   NOW,
THEREFORE, the parties agree as follows:

1. Service
to the Board. 

(a) Service
as a Director. Nominee consents to serve as the Vice Chairman of the Board of Directors of the Company for a term of two
(2) years if elected or appointed and, upon appointment or election to the Board of the Company, to serve as a member of the Board
of the Company.

Nominee
agrees that upon appointment or election he will dutifully perform his responsibilities as a director in good faith, in accordance
with applicable law, and in accordance with the Articles of Incorporation, bylaws and other policy and procedures applicable to
such service. Upon appointment to the Board, Nominee shall resign from the Board of Directors of the Company, upon the request
of the Chief Executive.

Nominee
understands that this Agreement does not constitute an offer to serve as a director of the Company, or as an employee, or in any
other capacity and that appointment shall only occur by vote of the Board or shareholders of the Company. Nominee understands and
agrees that if the Company offers Nominee employment, the Company will request a background check consisting of a criminal history
and other background checks to be used solely for employment-related purposes and understands an offer and any position will be
contingent on the receipt and evaluation of the background check report.

(b) Service
on Committees. Nominee will serve on the following committees and in the capacities stated:

	 	Member 	 	Chairperson 
	Audit Committee 	X	 	----
	Compensation/Nominating Committee 	X	 	----
	Strategic Advisory Committee	X	 	 

 

To the extent
Nominee serves on the Audit Committee, Nominee represents that Nominee possesses the necessary skills and experience by which he
is qualified to serve as a qualified financial expert for purposes of such position, and before the United States Securities and
Exchange Commission (“SEC”).

    	 		 

    	 

    

 

2. Compensation
and Expenses. 

(a) Compensation.
The Company agrees to adopt or has adopted compensation plans for directors applicable to Nominee, in the event Nominee becomes
a director, as follows:

		·	Annual fee of $36,000, payable in monthly
installments in accordance with the Company’s past accounting practices;

		·	100,000 shares of restricted common stock of the Company, subject
to reverse monthly vesting over a successive twenty-four (24) month period based on General Flynn’s continued service to
the Company;

(b) Expenses.
The Company shall reimburse Nominee for all reasonable and necessary out-of-pocket expenses, including travel, incurred in connection
with the performance of Nominee’s duties as a director on behalf of the Company (“Expenses”), upon
submission of adequate documentation therefor.

(c) Insurance.
The Company presently maintains a policy of directors’ and officers’ insurance coverage with a liability limit of $2,000,000
(“D&O Insurance”). In the event any notice of termination or significant change in coverage or terms
of D&O Insurance are received by the Company, prompt written notice shall be provided Nominee for so long as he serves as a
director of the Company and during any subsequent period during which Nominee may be entitled to the benefit of such D&O Insurance.

3. Confidentiality.
Nominee acknowledges that he shall be obtaining access to certain confidential information concerning the Company and its plans
and affairs, including, but not limited to, business methods, systems, scheduling, financial data, intellectual property and strategic
plans which are unique assets (“Confidential Information”). Nominee covenants and agrees to not, directly
or indirectly, in any manner, utilize or disclose to any person, firm or entity, such Confidential Information.

4. Termination.
This Agreement shall terminate upon resignation or removal of Nominee as a director of the Company, provided that any provision
of this Agreement not capable of performance prior to termination shall survive, shall survive such termination for the period
necessary for performance.

5.
Assignment. The duties and obligations of Nominee under this Agreement are personal and therefore Nominee may not
assign any right or duty under this Agreement without the prior written consent of the Company.

6. Counterparts.
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one instrument. Facsimile
execution and delivery of this Agreement is legal, valid and binding for all purposes.

[Signature Page Follows]

 

    	 	2	 

    	 

    

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed and signed as of the day and year first above written.

	 	 	DRONE AVIATION HOLDING CORP
	 	 	 
	 	 	 
	 	 	By: 
	 	 	Name: Jay N. Nussbaum
	 	 	Title: Chief Executive Officer
	 	 	 
	 	 	NOMINEE:
	 	 	 
	 	 	Name: Michael T. Flynn
	 	 	Home Address:
	 	 	SS#
	 	 	Place of Birth:

 

    	 	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]