Document:

energyexh103.htm

Exhibit 10.03

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT (this “Agreement”), entered into this 28th day of April, 2015 (the “Effective Date”), sets forth the arrangement between Mohit Bhansali, who resides at __________________ (“Consultant”), and Energy Telecom, Inc., a Florida corporation with its principal place of business located at 3501-B N. Ponce de Leon Blvd., #393, St. Augustine, Florida 32084 (the “Company”), with respect to compensation to which Consultant may become entitled under the terms and conditions set forth in this Agreement.

W I T N E S S E T H:

WHEREAS, Company desires to obtain management services from the Consultant as an independent contractor in connection with its business and operations, and Consultant desires to provide such services, upon the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the premises, the mutual covenants of the parties herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, it is agreed as follows:

1. Consulting Arrangement.  The Company hereby contracts for the services of Consultant and Consultant agrees to perform such duties and responsibilities and to render advice and consulting as may be requested by the Company from time to time during the term of this consulting arrangement in connection with the Company’s business.  Without limiting the generality of the foregoing, Consultant will assist the Company by serving as interim President.

2. Compensation and Term.   This Agreement shall begin effective as of the Effective Date and shall continue for a period of twelve (12) months from the Effective Date (the "Consulting Period"). For services hereunder, the Company shall pay the Consultant $5,000 per month (the “Consulting Fee”).  Notwithstanding the foregoing, the Company may terminate this Agreement upon 30 days prior written notice.  If the Company elects to terminate this Agreement prior to the end of the Consulting Period, the Company shall pay to the Consultant, on the date of termination, the amount of Consulting Fees owed to Consultant through the end of the Consulting Period.

3.           Independent Contractor Relationship.  This Agreement is intended to create an independent contractor relationship between Consultant and Company, which is described in Section 3508 of the Internal Revenue Service Code, and shall be interpreted to effectuate such intent between the parties.

	
  

	
(a)

	
No Taxes Withheld from Compensation. Company will not withhold any taxes from any compensation paid to Consultant according to this Agreement. It is acknowledged and agreed by the parties that Company has not, is not, and shall not be obligated to make, and that it is the sole responsibility of Consultant to make, in connection with compensation paid to Consultant according to this Agreement, all periodic filings and payments required to be made in connection with any withholding taxes, FICA taxes, Federal unemployment taxes, and any other federal, state or local taxes, payments or filings required to be paid, made or maintained.

	
  

	
(b)

	
Consultant Controls Time and Effort.  It is agreed that Company is interested only in the ultimate results of Consultant’s activities pursuant to this Agreement, and that Consultant shall have exclusive control over the time and effort invested by Consultant pursuant to this Agreement, and the manner and means of Consultant’s performance under this Agreement, provided, however, that the Consultant shall meet such project deadlines as established by the Company from time to time.

 

  

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(c)

	
Independence from Company.  The parties further agree that Consultant shall have no control or supervision over Company’s employees, officers, directors, representatives or affiliates.  Consultant will not represent that it is an employee of Company. Consultant shall at all times represent himself and be construed as independent of Company.  Consultant shall not, under any circumstances, be deemed to be a servant or employee of Company for any purpose, including for Federal tax purposes.  Consultant’s relationship to Company is that of an independent contractor, and nothing in this Agreement shall constitute this Agreement as a joint venture or partnership between Consultant and the Company.  Consultant shall have no authority to bind Company or any of its employees, officers, directors, representatives or affiliates by any promise or representation, oral or otherwise, unless specifically authorized in a writing bearing an authorized signature of a Company officer, director or representative.

4.           Confidential Information. Consultant acknowledges that, pursuant to this Agreement, it may be given access to or may become acquainted with certain information, trade secrets or both, of Company (collectively, the “Confidential Information") and the exclusive property of Company.

5.           Nondisclosure of Confidential Information.  During and following the Consulting Period, the Consultant will hold in confidence the Confidential Information and shall not in any manner, either directly or indirectly, divulge, disclose or communicate to any person or entity, any of the Confidential Information except with the specific prior written consent of the Company or except as otherwise expressly permitted by the terms of this Agreement.  Consultant expressly agrees that the Confidential Information affects the successful and effective conduct of Company’s business and its good will, and that any breach of the terms of this Section by Consultant is a breach of this Agreement.

The Consultant recognizes that, as between the Company and the Consultant, any document, record, notebook, plan, model, component, device, or computer software or code, whether embodied in a disk or in any other form (collectively, the "Proprietary Items"), whether or not developed by the Consultant, are the exclusive property of the Company. Upon termination of this Agreement by either party, or upon the request of the Company during the Consulting Period, the Consultant shall return to the Company, or destroy (and certify to such destruction in writing to the Company), all of the Proprietary Items in the Consultant's possession or subject to the Consultant's control, and the Consultant shall not retain any copies, abstracts, sketches, or other physical embodiment of any of the Proprietary Items.

6.           Exceptions to Nondisclosure.  Notwithstanding anything to the contrary contained in this Agreement, Consultant shall not be prohibited from disclosing to third parties, or using without the prior written consent of Company, information that (a) was, on the date of this Agreement, generally known to the public, (b) is as of the date of this Agreement known to Consultant, as evidenced by written records in the possession of Consultant, (c) is subsequently disclosed to Consultant by a third party who is in lawful possession of such information and is not under an obligation of confidence, (d) is disclosed by Company to third parties generally without restriction on use and disclosure, or (e) is required to be disclosed by law or a final order of a court or other governmental agency or authority of competent jurisdiction, provided, however, reasonable notice prior to any disclosure as required by applicable law or court process shall be given to Company which would allow Company sufficient time to attempt to obtain injunctive relief in respect to such disclosure.

  

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7.           Representations and Warranties.  Consultant represents and warrants to the Company that:

	
(a)  

	
he has the power, authority, and legal capacity to enter into and to perform this Agreement; and

	
(b)  

	
this Agreement when executed and delivered by the Consultant will be a legal, valid and binding obligation enforceable against the Consultant in accordance with its terms.

8.           Injunctive Relief and Damages. Consultant acknowledges and agrees that the covenants and obligations of Consultant set forth in Section 5with respect to confidentiality relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, Consultant agrees that the Company shall be entitled to an injunction, restraining order or such other equitable relief (without the requirement to post bond) as a court of competent jurisdiction may deem necessary or appropriate to restrain Consultant from committing any violation of the covenants and obligations referred to in this Section 8. These injunctive remedies are cumulative and in addition to any other rights and remedies the Company may have at law or in equity. Nothing contained in this Section 8 shall be construed as prohibiting the Company from pursuing any other remedies available to any of it for any such breach or threatened breach, including recovery of damages and an equitable accounting of all earnings, profits and other benefits arising from such violation.

9.           Governing Law and Jurisdiction.  The Company and the Consultant hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the courts of the State of New York, New York County, and of the United States District Court for the Southern District of New York for any lawsuits, actions or other proceedings arising out of or relating to this Agreement and agree not to commence any such lawsuit, action or other proceeding except in such courts.  The Consultant further agrees that service of any process, summons, notice or document by mail, return receipt requested, to the Consultant’s address set forth above shall be effective service of process for any lawsuit, action or other proceeding brought against the Consultant in any such court.  The Company and the Consultant hereby irrevocably and unconditionally waive any objection to the laying of venue of any lawsuit, action or other proceeding arising out of or relating to this Agreement in the courts of the State of New York, New York County, or the United States District Court for the Southern District of New York, and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such lawsuit, action or other proceeding brought in any such court has been brought in an inconvenient forum.

10.           Severability.  If the law does not allow a provision of this Agreement to be enforced, such unenforceable provision shall be amended to become enforceable and reflect the intent of the parties, and the rest of the provisions of this Agreement shall remain in effect.

11.           Waiver.  The failure of any party, in any instance, to insist upon strict enforcement of the provisions of this Agreement shall not be construed to be a waiver or relinquishment of enforcement in the future, and the terms of this Agreement shall continue to remain in full force and effect.

12.           Assignability. This Agreement shall not be assignable by either party.

13.           Amendment. This Agreement may only be amended or modified in a writing signed by both of the parties and referring to this Agreement.

14.           Entire Agreement.  This Agreement constitutes the entire agreement and final understanding of the parties with respect to the subject matter of this Agreement and supersedes and terminates all prior and/or contemporaneous understandings and/or discussions between the parties, whether written or verbal, express or implied, relating in any way to the subject matter of this Agreement.

  

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15.           Judicial Interpretation.  Should any provision of this Agreement require judicial interpretation, it is agreed that a court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against any party by reason of the rule of construction that a document is to be construed more strictly against the party who itself or through its agent prepared the same, it being agreed that both parties have participated in the preparation of this Agreement.

16.           Survival. Consultant agrees that the provisions of Sections 5 – 16 shall survive expiration or earlier termination of this Agreement for any reasons, whether voluntary or involuntary, with or without cause, and shall remain in full force and effect thereafter.

17.           Execution in Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one in the same instrument.  Confirmation of execution by electronic transmission of a facsimile signature shall be binding on the confirming party.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above.

ENERGY TELECOM, INC.

Name:                      Thomas Rickards

Title: Chief Executive Officer

CONSULTANT

Mohit Bhansali

 

 

4energyexh104.htm

Exhibit 10.04

RESIGNATION, SEPARATION AND RELEASE AGREEMENT

THIS RESIGNATION, SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is entered into as of the 28th day of April, 2015 by and between Thomas Rickards (“Rickards”) and Energy Telecom, Inc., a Florida corporation (the “Company”).

 

WHEREAS, Rickards is employed as the Chief Executive Officer of the Company; and

 

WHEREAS, the Company and Rickards desire to enter into this Agreement providing for Rickards’s amicable resignation from the Company’s employment, and to settle any payments that may be due to Rickards.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:

 

1. Employment Resignation Date.  Rickards acknowledges that his last day of employment with the Company will be the later of (i) May 31, 2015 or (ii) two business days after the Company’s quarterly report on Form 10-Q, for the fiscal quarter ended March 31, 2015 has been filed with the Securities and Exchange Commission, or such other date mutually agreed upon between the Company and Rickards (the “Employment Termination Date”). Rickards further understands and agrees that, as of the Employment Termination Date, he will be no longer authorized to conduct any business on behalf of the Company as an executive or to hold himself out as an officer of the Company.  Except as provided for in Section 3, any and all positions and/or titles held by Rickards with the Company will be deemed to have been resigned as of the Employment Termination Date.

 

2. Share Acquisition/Note.  Contemporaneously with this Agreement, the Company shall issue Rickards a promissory note in the amount of $225,000, substantially in the form attached hereto as Exhibit B (the “Note”), which Note will be due and payable 45 days from the Effective Date in exchange for Rickards delivering to the holder of the Note shares of class A and class B common stock of the Company as set forth on Schedule A hereto.

 

3. Director Resignation Date. Notwithstanding anything else to the foregoing herein, Rickards shall remain a member of the Board of Directors of the Company until such time as the Note has been repaid (the “Note Repayment Date”).  On the Note Repayment Date, and as a condition to repayment of the Note, Rickards will submit the letter of resignation from the Board of Directors in the form attached hereto on Exhibit A hereto. Rickards further understands and agrees that, as of the Note Repayment Date, he will be no longer authorized to conduct any business on behalf of the Company in any capacity or to hold himself out as an agent or representative of the Company.  Any and all positions and/or titles held by Rickards with the Company will be deemed to have been resigned as of the Note Repayment Date.

 

4. Salary.   Through the Termination Date, Rickards shall continue to receive his salary of $3,000 per month.

 

  

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5. Health Benefits.  Rickards will be entitled to continue to receive medical and other insurance benefits through the Employment Termination Date under the applicable plans maintained by the Company, consistent with the Company’s then current practice. After the Employment Termination Date, Rickards will be eligible for benefit continuation under COBRA, at his own cost and expense.

 

6. Automobile and Office Expense.  Rickards will be entitled to continue to receive, through the Employment Termination Date, an automobile allowance of $700 per month and a rental fee of $2,000 per month for the rent of a home office consistent with the Company’s current practice.

 

7. Expense Reimbursements.  The Company shall promptly reimburse Rickards for reasonable expenses incurred by him through the Employment Termination Date in connection with his services to the Company, provided Rickards provides the Company with reasonably acceptable proof of such expenses no later than the Employment Termination Date.  No further expenses may be incurred by Rickards after the Employment Termination Date, unless authorized in writing in advance by the Company.

 

8. Assignment of Certain Rights and Personal Property.  Rickards is hereby assigned all right, title and interest possessed by the Company in the laptop computer and cellphone (the “Personal Property”), of which he has use as of the Employment Termination Date; provided that (i) Rickards shall make arrangements to assume all payment and other obligations related to the use of the Personal Property; and (ii) Rickards shall provide the Company with a backup of all Company files stored on such laptop computer and then delete such files from the laptop computer.

 

9. Rickards’s Release.  In consideration for the payments and benefits described above and for other good and valuable consideration, Rickards hereby releases and forever discharges the Company, as well as its affiliates and all of their respective directors, officers, employees, members, agents, and attorneys, of and from any and all manner of actions and causes of action, suits, debts, claims, and demands whatsoever, in law or equity, known or unknown, asserted or unasserted, which he ever had, now has, or hereafter may have on account of his employment with the Company, the termination of his employment with the Company, and/or any other fact, matter, incident, claim, injury, event, circumstance, happening, occurrence, and/or thing of any kind or nature which arose or occurred prior to the date when he executes this Agreement, including, but not limited to, any and all claims for wrongful termination; breach of any implied or express employment contract; unpaid compensation of any kind;  breach of any fiduciary duty and/or duty of loyalty; breach of any implied covenant of good faith and fair dealing; negligent or intentional infliction of emotional distress; defamation; fraud; unlawful discrimination, harassment; or retaliation based upon age, race, sex, gender, sexual orientation, marital status, religion, national origin, medical condition, disability, handicap, or otherwise; any and all claims arising under arising under Title VII of the Civil Rights Act of 1964, as amended (“Title VII”); the Equal Pay Act of 1963, as amended (“EPA”); the Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the Americans with Disabilities Act of 1990, as amended (“ADA”); the Family and Medical Leave Act, as amended (“FMLA”); the Employee Retirement Income Security Act of 1974, as amended ("ERISA"); the Sarbanes-Oxley Act of 2002, as amended (“SOX”); the Worker Adjustment and Retraining Notification Act of 1988, as amended (“WARN”); and/or any other federal, state, or local law(s) or regulation(s); any and all claims for damages of any nature, including compensatory, general, special, or punitive; and any and all claims for costs, fees, or other expenses, including attorneys' fees, incurred in any of these matters.  The Company acknowledges, however, that Rickards does not release or waive any rights to contribution or indemnity under this Agreement to which he may otherwise be entitled.  The Company also acknowledges that Rickards does not release or waive any claims, and that he retains any rights he may have, to any vested 401(k) monies (if any) or benefits (if any), or any other benefit entitlement that is vested as of the Termination Date pursuant to the terms of any Company-sponsored benefit plan governed by ERISA.  Nothing contained herein shall release the Company from its obligations set forth in this Agreement.

 

  

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10. Company Release.  In exchange for the consideration provided for in this Agreement, the Company irrevocably and unconditionally releases Rickards of and from all claims, demands, causes of actions, fees and liabilities of any kind whatsoever, which it had, now has or may have against Rickards, as of the date of this Agreement, by reason of any actual or alleged act, omission, transaction, practice, conduct, statement, occurrence, or any other matter, within the reasonable scope of Rickards’s employment.  The Company represents that, as of the date of this Agreement, there are no known claims relating to Rickards.  The Company agrees to indemnify Rickards against any future claims to the extent permitted under the Company’s bylaws.  Notwithstanding the foregoing, this release does not include Company’s right to enforce the terms of this Agreement.

 

11. Conditions.  Rickards agrees to cooperate to complete the following prior to the Termination Date:

 

	
A.  

	
Timely completion and filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2015;

 

	
B.  

	
Transition of corporate, accounting and finance functions to successor;

 

	
C.  

	
Assist the Company in its efforts to monetize the Intellectual Property;

 

	
D.  

	
Completion of all open projects as mutually determined by Rickards and the Company; and

 

	
E.  

	
Providing a complete list of all relevant internal and external business contacts.

 

12. Future Cooperation.  Rickards agrees to reasonably cooperate with the Company, its financial and legal advisors in any claims, investigations, administrative proceedings or lawsuits which relate to the Company and for which Rickards may possess relevant knowledge or information.  Any travel and accommodation expenses incurred by the Rickards as a result of such cooperation will be reimbursed in accordance with the Company’s standard policies. The parties agree that should Rickards’s assistance be required in connection with any business matters that the parties will agree to reasonable compensation for such services.

 

13. Applicable Law and Dispute Resolution. Except as to matters preempted by ERISA or other laws of the United States of America, this Agreement shall be interpreted solely pursuant to the laws of the State of Florida, exclusive of its conflicts of laws principles.  Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of Florida, for the purposes of any suit, action, or other proceeding arising out of this Agreement or any transaction contemplated hereby.

 

  

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14. Entire Agreement. This Agreement may not be changed or altered, except by a writing signed by both parties. Until such time as this Agreement has been executed and subscribed by both parties hereto: (i) its terms and conditions and any discussions relating thereto, without any exception whatsoever, shall not be binding nor enforceable for any purpose upon any party; and (ii) no provision contained herein shall be construed as an inducement to act or to withhold an action, or be relied upon as such.  This Agreement constitutes an integrated, written contract, expressing the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, between the parties.

 

15. Assignment.  Rickards has not assigned or transferred any claim he is releasing, nor has he purported to do so.  If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. This Agreement binds Rickards’s heirs, administrators, representatives, executors, successors, and assigns, and will insure to the benefit of all Released Parties and their respective heirs, administrators, representatives, executors, successors, and assigns.

 

16. Binding Effect.  This Agreement will be deemed binding and effective immediately upon its execution by the Rickards; provided, however, that in accordance with the Age Discrimination in Employment Act of 1967 (“ADEA”) (29 U.S.C. § 626, as amended), Rickards’s waiver of ADEA claims under this Agreement is subject to the following: Rickards may consider the terms of his waiver of claims under the ADEA for twenty-one (21) days before signing it and may consult legal counsel if Rickards so desires. Rickards may revoke his waiver of claims under the ADEA within seven (7) days of the day he executes this Agreement. Rickards’s waiver of claims under the ADEA will not become effective until the eighth (8th) day following Rickards’s signing of this Agreement.  Rickards may revoke his waiver of ADEA claims under this Agreement by delivering written notice of his revocation, via facsimile and overnight mail, before the end of the seventh (7th) day following Rickards’s signing of this Agreement to: James M. Turner, Esq., Sichenzia Ross Friedman Ference LLP, 61 Broadway, 32nd Floor, New York, NY 10006, Fax: 212-930-9725.  In the event that Rickards revokes his waiver of ADEA claims under this Agreement prior to the eighth (8th) day after signing it, the remaining portions of this Agreement shall remain in full force in effect, except that the obligation of the Company to provide the payments and benefits set forth in Section 2 of this Agreement shall be null and void. Rickards further understands that if Rickards does not revoke the ADEA waiver in this Agreement within seven (7) days after signing this Agreement, his waiver of ADEA claims will be final, binding, enforceable, and irrevocable.

 

RICKARDS UNDERSTANDS THAT FOR ALL PURPOSES OTHER THAN HIS WAIVER OF CLAIMS UNDER THE ADEA, THIS AGREEMENT WILL BE FINAL, EFFECTIVE, BINDING, AND IRREVOCABLE IMMEDIATELY UPON ITS EXECUTION.

 

  

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17. Acknowledgement. Rickards acknowledges that he: (a) has carefully read this Agreement in its entirety; (b) has been presented with the opportunity to consider it for at least twenty-one (21) days; (c) has been advised that Sichenzia Ross Friedman Ference LLP has acted as counsel to the Company and not to Rickards, and Rickards has been advised to consult and has been provided with an opportunity to consult with legal counsel of his choosing in connection with this Agreement; (d) fully understands the significance of all of the terms and conditions of this Agreement and has discussed them with his independent legal counsel or has been provided with a reasonable opportunity to do so; (e) has had answered to his satisfaction any questions asked with regard to the meaning and significance of any of the provisions of this Agreement; and (f) is signing this Agreement voluntarily and of his own free will and agrees to abide by all the terms and conditions contained herein.

 

18. Notices.  For the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be delivered (i) personally, (ii) by first class mail, certified, return receipt requested, postage prepaid, (iii) by overnight courier, with acknowledged receipt, or (iv) by facsimile transmission followed by delivery by first class mail or by overnight courier, in the manner provided for in this Section, and properly addressed as follows:

 

If to the Company:                Energy Telecom, Inc.

                                 3501-B N. Ponce de Leon Blvd., #393

St. Augustine, Florida 32084

Email:

With a copy to:                    James M. Turner, Esq.

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32nd Floor

New York, NY 10006

Email: jturner@srff.com

If to Rickards:                        Mr. Thomas Rickards

13245 Atlantic Blvd., Suite 4-301

Jacksonville, Florida 32225

Email:

19. Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the parties and delivered to the other parties. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

[signature page follows]

  

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IN WITNESS HEREOF, the parties hereby enter into this Agreement and affix their signatures as of the date first above written.

 

 

ENERGY TELECOM, INC.

 

By:                                                                

 

Name: Mohit Bhandali

Title: President

 

 

 

      Thomas Rickards

 

  

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SCHEDULE A

	
Class A Common Stock

Certificate #

	 	
# of Shares

	 
	  	 	 	 
	
ETC113

	 	 	11,111	 
	
ETC119

	 	 	166,667	 
	
ETC125

	 	 	100,000	 
	
ETC180

	 	 	366,667	 
	
ETC198

	 	 	929,579	 
	
ETC237

	 	 	200,000	 
	
ETC329

	 	 	200,000	 
	
ETC467

	 	 	116,798	 
	
ETC473

	 	 	69,316	 
	
ETC538

	 	 	50,000	 
	
ETC553

	 	 	50,000	 
	
ETC561

	 	 	50,000	 
	
ETC596

	 	 	50,000	 
	
ETC606

	 	 	50,000	 
	
ETC609

	 	 	33,333	 
	
ETC628

	 	 	183,334	 
	
ETC679

	 	 	375,000	 
	
TOTAL:

	 	 	3,001,805	 

	
Class B Common Stock Certificate #

	 	
# of Shares

	 
	  	 	 	 
	
EB102

	 	 	200,000	 
	
EB104

	 	 	400,000	 
	
TOTAL:

	 	 	600,000	 

 

  

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EXHIBIT A

__________, 2015

To the Board of Directors

of Energy Telecom, Inc.:

Ladies and Gentlemen:

I hereby resign as a director of Energy Telecom, Inc., a Florida corporation (the “Company”), effective immediately.

Further, I hereby confirm that there is no any outstanding remuneration, fees or any monies of any nature owed to me by the Company, I have no claim against the Company in respect of any outstanding remuneration, fees or monies owed of any nature.

___________________

Thomas Rickards

  

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EXHIBIT B

 

FORM OF PROMISSORY NOTE

 

 

 

 

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