Document:

Unassociated Document

    OmniReliant
Holdings, Inc.

                  

    
      
        
          

        

      

    

     

    EXECUTIVE
EMPLOYMENT AGREEMENT

     

    This
Executive Employment Agreement (the “Agreement”), by and among OmniReliant
Holdings, Inc., a Nevada corporation (“Company”) and Robert DeCecco
(“Employee”), is hereby entered into on June 30, 2010

     

    AGREEMENTS

     

    In
consideration of the mutual promises, terms, covenants and conditions set forth
herein and the performance of each, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties, intending to be legally bound, hereby agree as follows:

     

    1.           EMPLOYMENT AND
DUTIES.

     

    (a)           Subject
to the terms and conditions of this Agreement, the Company hereby employs
Employee as Chief Executive Officer, President and Chief Financial Officer of
the Company.  As such, Employee shall have responsibilities, duties
and authority reasonably accorded to and expected of such position and will
report directly to the Board.  Employee hereby accepts this employment
upon the terms and conditions herein contained and, subject to paragraph 1(b)
hereof, agrees to devote Employee’s full business time, attention and efforts to
promote and further the business of the Company.  Employee shall
faithfully adhere to, execute and fulfill all policies established by the
Company.

     

    (b)           Employee
shall not, during the term of his employment hereunder, be engaged in any other
business activity pursued for gain, profit or other pecuniary advantage if such
activity interferes with Employee’s duties and responsibilities
hereunder.  The foregoing limitations shall not be construed as
prohibiting Employee from making personal investments in such form or manner as
will neither require Employee’s services in the operation or affairs of the
companies or enterprises in which such investments are made nor violate the
terms of paragraph 3 hereof.

     

    2.           TERM.  The Company
employs Employee for a period commencing the date hereof and ending on the third
anniversary of the date hereof (the “Term”), subject to termination prior to
such date pursuant to Section 6 hereof.  Sixty (60) days prior to the
end of the Term (or any renewal term), either the Company or Employee may give
notice to the other of its determination not to renew this
Agreement.  If a notice of non-renewal is not delivered, this
Agreement will automatically continue in effect for a successive two (2) year
renewal term subject to termination prior to such date pursuant to Section 5
hereof.  If such notice of non-renewal is given by any party, then
Employee’s employment will terminate at the end of such term (or on such other
date as the parties mutually agree).

     

    3.           COMPENSATION.  For
all services rendered by Employee, the Company shall compensate Employee as
follows:

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    (a)           BASE
SALARY.  The base salary payable hereunder to Employee shall
equal $225,000 per year, payable on a regular basis in accordance with the
Company’s standard payroll procedures but not less than monthly.  On
at least an annual basis, the Company’s Board (the “Board”), together with the
Compensation Committee of the Company’s Board, will review Employee’s
performance and may make increases to such base salary if, in its discretion,
any such increase is warranted above the annual pay raise rate of
5%.

     

    (b)           EXECUTIVE PERQUISITES,
BENEFITS, AND OTHER COMPENSATION.  Employee shall be entitled
to receive additional benefits and compensation from the Company in such form
and to such extent as specified below:

     

    (i)           Payment
of all premiums for coverage for Employee under health, hospitalization,
disability, dental, life and other insurance plans that the Company may have in
effect from time to time.  The benefits provided to Employee under
this clause (i) shall be at least equal to such benefits provided to executives
or employees in similar positions at the Company. As of the date of this
agreement, the Company has no health or death benefits.

     

    (ii)          Reimbursement
for all business travel and other out-of-pocket expenses reasonably incurred by
Employee in the performance of Employee’s services pursuant to this
Agreement.  All reimbursable expenses shall be appropriately
documented in reasonable detail by Employee upon submission of any request for
reimbursement, and in a format and manner consistent with the Company’s expense
reporting policy.

     

    (iii)         The
Company shall provide Employee with other executive perquisites (including, but
not limited to, participation in the Company’s Long-Term Incentive Plan) as may
be available to or deemed appropriate for Employee by the Board and
participation in all other Company-wide employee benefits as available from time
to time.  Employee shall be entitled to 3 weeks of vacation per year
in addition to all Federal and religious holidays.

     

    (iv)         The
Company will provide the Employee with a car, at the Company’s
expense.

     

    (v)          Option
Grant: You will receive options to purchase (i) that number of shares of common
stock of the Company equal to 4.5% of the issued and outstanding common stock of
the Company on a fully diluted basis; (ii) that number of shares
of  Designer Liquidator, Inc. (“Designer Liquidator”) equal to 4.5% of
the issued and outstanding shares of Designer Liquidator’s common stock on a
fully diluted basis and (iii) that number of shares of OmniResponse, Inc.
(“OmniResponse”) equal to 4.5% of the issued and outstanding shares of
OmniResponse’s common stock on a fully diluted basis (collectively, the “Stock
Options”). All Stock Options issued pursuant to this Section 3 shall be subject
to the following terms and conditions: (a) all Stock Options shall be subject to
bullet vesting and shall not vest until the date that is two years from the date
of this Agreement; (b) none of the Stock Options shall become exercisable,
whether or not vested, until the Company has paid in full to holders of its
Series G Convertible Preferred Stock the Special Preferred Distribution (as that
term is defined in the Certificate of Designation for the Series G Convertible
Preferred Stock); (c) all Stock Options shall be subject to such other terms and
conditions as set forth in the stock option plans of Designer Liquidator,
OmniResponse, and the Company as the case may be and/or embodied in written
stock option agreements between the Consultant and OmniResponse, Designer
Liquidator, and the Company, respectively, attached hereto as Exhibit A; and (d)
all Stock Options shall have an exercise price of $0.01 per
share.  Notwithstanding the foregoing, the exercise of the Stock
Options shall not be prohibited if the Company has the funds to pay the Special
Preferred Distribution and (i) the Board of Directors elects not to distribute
the Special Preferred Distribution or (ii)  it offers to pay the
Special Preferred Distribution, but the holders of the Series G Preferred Stock,
in their sole discretion, elect to waive the payment of the Special Preferred
Distribution.  Additionally, if the Special Preferred Distribution is
paid to the holders of the Series G Preferred Stock in part, the Stock Options
will become exercisable on a pro rata basis, proportionate to the amount of
payment made under the Special Preferred Distribution. The number of Stock
Options of Designer Liquidator and OmniResponse issuable pursuant to this
Section 3 shall be calculated and issued upon the consummation of a Spin-Off
Transaction whereby the Company will spin-out certain subsidiaries, assets,
brands, and/or lines of business of the Company into a separate
company.  The number of Stock Options of the Company issuable pursuant
to this Section 3 shall be calculated and issued on the date
hereof.

     

    
      
        
          	
                  Private & Confidential

                	
                  2

                

        

      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    Employee
acknowledges and agrees that the Company may never pay the Special Preferred
Distribution and that the Stock Options (and any successor options) may never
become exercisable.

     

    (vi)           Bonus:
The Company may pay you an incentive bonus based on performance results, at the
Board of Directors sole discretion, on a quarterly basis.

     

    4.           NON-COMPETITION AND
NON-SOLICITATION.

     

    (a)           Employee
acknowledges that during the course of Employee’s employment Employee will
receive confidential and proprietary information from and concerning the
Company.  Employee also acknowledges that the Company will make
substantial investments in the development of the Company’s goodwill and in
Employee’s professional development.  The capital expended to develop
this goodwill directly benefits Employee and should continue to do so in the
event that the relationship between the Company and Employee is
terminated.  Likewise, the Company has conferred and will confer a
direct economic benefit on Employee.  Employee agrees that the Company
is entitled to protect these business interests and investments and to prevent
Employee from using or taking advantage of the foregoing economic benefits to
the Company’s detriment.

     

    (b)           Employee
agrees that, except for services and duties performed for or on behalf of the
Company according to this Agreement, Employee will not, during the period of
Employee’s employment with the Company, and for a period (the “Restricted
Period”) of one (1) year immediately following the termination of Employee’s
employment under this Agreement, for any reason whatsoever, directly or
indirectly, for himself or on behalf of or in conjunction with any other person,
persons, company, partnership, corporation, association, enterprise, venture or
business of whatever nature:

     

    (i)      
     engage, as an officer, director, shareholder,
owner, partner, joint venturer, lender or in a managerial capacity, whether as
an employee, independent contractor, agent, consultant or advisor or as a sales
representative, or similar business in direct competition with those aspects of
the business of the Company or any subsidiary of the Company, with which
Employee has had any involvement, within United States of America, Canada and
all other countries in which customers of the Company have access to the world
wide web (the “Territory”);

     

    
      	
              Private & Confidential

            	
              3

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    (ii)            
solicit any person who is, at that time, or who has been within one (1) year
prior to that time, an employee of the Company for the purpose or with the
intent of enticing such employee away from or out of the employ of the
Company;

     

    (iii)            solicit
any person or entity which is, at that time, or which has been within one (1)
year prior to that time, a customer, doctor, service provider or supplier of the
Company for the purpose of soliciting or selling products or services in direct
competition with those aspects of the business of the Company or any subsidiary
of the Company with which Employee has had any involvement, within the
Territory; or

     

    (iv)           solicit
any prospective acquisition candidate, on Employee’s own behalf or on behalf of
any competitor or potential competitor, which candidate was, to Employee’s
knowledge, either called upon by the Company or for which the Company made an
acquisition analysis, for the purpose of acquiring such
entity.  Notwithstanding the above, the foregoing covenant shall not
be deemed to prohibit Employee from acquiring as an investment not more than
five percent (5%) of the capital stock of a competing business, whose stock is
traded on a national securities exchange or over-the-counter.

     

    (c)           In
recognition of the substantial nature of such potential damages and the
difficulty of measuring economic losses to the Company as a result of a breach
of the foregoing covenants, and because of the immediate and irreparable damage
that could be caused to the Company for which they would have no other adequate
remedy, Employee agrees that in the event of breach by Employee of the foregoing
covenant, the Company shall be entitled to specific performance of this
provision and co-injunctive and other equitable relief.

     

    (d)           It
is agreed by the parties that the foregoing covenants in this paragraph 4 impose
a reasonable restraint on Employee in light of the activities and business of
the Company on the date of the execution of this Agreement and the current plans
of the Company and Employee that such covenants be construed and enforced in
accordance with the changing activities, business and locations of the Company
throughout the term of this Agreement, whether before or after the date of
termination of the employment of Employee.

     

    (e)           All
of the covenants in this paragraph 4 shall be construed as an agreement
independent of any other provision in this Agreement, and the existence of any
claim or cause of action of Employee against the Company, whether predicated on
this Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of such covenants.  Further, this paragraph 4 shall
survive the termination of this Agreement and the termination of Employee’s
employment with the Company.  It is specifically agreed that the
period of one (1) year following termination of employment stated at the
beginning of this paragraph 4, during which the agreements and covenants of
Employee made in this paragraph 4 shall be effective, shall be computed by
excluding from such computation any time during which Employee is in violation
of any provision of this paragraph 4.

     

    5.           TERMINATION; RIGHTS ON
TERMINATION.  This Agreement and Employee’s employment may be
terminated for any one of the following causes:

     

    
      	
              Private & Confidential

            	
              4

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    (a)           DEATH.  The
death of Employee shall immediately terminate this Agreement with no severance
compensation due to Employee’s estate, heirs or other descendants or
representatives.

     

    (b)           DISABILITY.  If,
as a result of incapacity due to physical or mental illness or injury, Employee
shall have been absent from Employee’s full-time duties hereunder for three (3)
consecutive months, then thirty (30) days after receiving written notice (which
notice may occur before or after the end of three (3) month period, but which
shall not be effective earlier than the last day of three (3) month period), the
Company may terminate Employee’s employment hereunder provided Employee is
unable to resume Employee’s full-time duties at the conclusion of such notice
period.  Also, Employee may terminate Employee’s employment hereunder
if his health should become
impaired to an extent that makes the continued performance of Employee’s duties
hereunder hazardous to Employee’s physical or mental health or life, provided
that Employee shall have furnished the Company with a written statement from a
qualified doctor to such effect and provided, further, that, at the Company’s
request made within thirty (30) days of the date of such written statement,
Employee shall submit to an examination by a doctor selected by the Company who
is reasonably acceptable to Employee or Employee’s doctor and such doctor shall
have concurred in the conclusion of Employee’s doctor.  In the event
this Agreement is terminated as a result of Employee’s disability, Employee
shall receive from the Company Employee’s base salary at the rate then in
effect, payable at the Company’s regular and customary intervals for the payment
of salaries as then in effect, less any amounts Employee might receive under the
Company’s disability insurance policy, if any, for whatever time period is
remaining under the Term.

     

    (c)           CAUSE.  The
Company may, in its sole and absolute discretion, terminate the employment of
Employee hereunder immediately upon after delivery of written notice to
Employee, or at such later time as the Company may specify in such notice, for
“Cause.” As used in this Agreement “Cause” includes, but is not limited to, the
following: (1) Employee’s willful and material breach of this Agreement; (2)
Employee’s gross negligence in the performance, or intentional nonperformance,
(continuing for ten (10) days after receipt of written notice of need to cure)
of any of Employee’s material duties and responsibilities hereunder; (3)
Employee’s willful dishonesty or fraud, whether or not with respect to the
business or affairs of the Company, which affects the operations, property or
reputation of the Company; (4) Employee’s conviction of a felony crime; (5)
chronic alcohol or illegal drug abuse by Employee; (6) Employee’s willful injury
to any independent contractor, employee or agent of the Company, or to any other
person in the course of Employee’s performance of services for the Company; (7)
The Board’s determination that the Company’s business model and direction are
failing to perform as expected standards and must be changed;  (8) The
Company files for protection under the Bankruptcy laws;  (9) If
Employee sexually harasses any employee, agent or contractor of the Company or
commits any act which otherwise creates an offensive work environment for
employees, agents or contractors of the Company; or (10) Employee’s
misappropriation of Company funds.

     

    The
Company shall not be limited to termination as a remedy for any damaging,
injurious, improper or illegal act by Employee, but may also seek damages,
injunction, or such other remedy as the Company may deem appropriate under the
circumstances.  If Employee’s employment is terminated for Cause,
Employee agrees to vacate the Company’s offices on or before the effective date
of the termination and to return and deliver to the Company at such time all
Company property.  In the event of a termination for Cause, as
enumerated above, Employee shall have no right to any severance
compensation.

     

    
      	
              Private & Confidential

            	
              5

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    (d)           WITHOUT
CAUSE.  At any time after the commencement of employment,
provided the Company does not have Cause to terminate Employee pursuant to (c)
above, Employee may, without Cause, terminate this Agreement and Employee’s
employment, effective ninety (90) days after written notice is provided to the
Company.  Employee may only be terminated without Cause by the Company
during the Term hereof if such termination is approved by a majority of the
members of the Board.  Should Employee be terminated by the Company
without Cause during the Term, Employee shall be entitled to receive from the
Company (6) months severance or if less than (6) months remains on employment
contract then the remaining months left on the contract (at Employee's then
current base) payable over the course of the year following such
termination.  The severance compensation shall be paid in accordance
with the Company’s standard payroll procedures but not less than
monthly.  If Employee resigns or otherwise terminates Employee’s
employment without cause pursuant to this paragraph 5(d), Employee shall receive
no severance compensation.

     

    (e)           TERMINATION BY EXECUTIVE
UPON CHANGE IN CONTROL.  Upon the termination of the Employee's
employment hereunder by the Employee (i) within 360 days after the occurrence of
a "Change in Control" as specified in Section 5(e)(A) hereof, the Company shall
(i) continue to pay to the Employee the base salary through the effective date
of termination specified in such notice and.  In addition, upon such
termination, all options to purchase vested shares of the Company’s common
stock, if any, shall accelerate and become immediately exercisable.

     

    (A)         For
purposes of this Agreement, a "Change in Control" shall mean:

    

    (i)          The
acquisition (other than by or from the Company), at any time after the date
hereof, by any person, entity or "group" acquiring 51% or more of either the
then outstanding shares of common stock or the combined voting power of the
Company's then outstanding voting securities entitled to vote generally in the
election of directors (together with such common stock, "Voting Securities");
This does not apply to the contemplated reverse merger that the Company is
currently in the process of completing; or

    

    (ii)         Approval
by the shareholders of the Company of a reorganization, merger or consolidation
with respect to which persons who were the shareholders of the Company
immediately prior to such reorganization, merger or consolidation do not,
immediately thereafter, own more than 51% of the combined voting power entitled
to vote generally in the election of directors of the reorganized, merged or
consolidated company's then outstanding voting securities.

    

    (iii)       Paragraphs
(i) and (ii) above do not apply if the Company is sold or reorganized because of
the failure of the Business model.

    

    (iv)       Any
purported termination by the Company of the Employee's employment other than as
expressly permitted by this Agreement.

     

    
      	
              Private & Confidential

            	
              6

            

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    (g)           Upon
termination of this Agreement for any reason provided above, Employee shall be
entitled to receive all compensation earned and all benefits and reimbursements
due through the effective date of termination.  Additional
compensation subsequent to termination, if any, will be due and payable to
Employee only to the extent and in the manner expressly provided
above.  All other rights and obligations of the Company and Employee
under this Agreement shall cease as of the effective date of termination, except
that the Company’s obligations under paragraph 10 hereof and Employee’s
obligations under paragraphs 4, 8, 9 and 11 hereof shall survive such
termination in accordance with their terms.  Further, unless Employee
and the Company otherwise agree in writing, upon termination of this Agreement
for any reason, Employee will immediately resign from all directors, officer or
other positions held with the Company.

     

    (h)           If
termination of Employee’s employment arises out of the Company’s failure to pay
Employee the amounts to which he is entitled under this Agreement or as a result
of any other material breach of this Agreement by the Company, as determined
pursuant to the provisions of paragraph 16 below, the Company shall pay all
amounts and damages to which Employee may be entitled as a result of such
breach, including interest thereon and all reasonable legal fees and expenses
and other costs incurred by Employee to enforce Employee’s rights
hereunder.  Further, none of the provisions of paragraph 4 hereof
shall apply in the event this Agreement is terminated as a result of a material
breach by the Company.

     

    6.           RESERVED.

     

    7.           PURCHASE RIGHT ON EMPLOYEE’S STOCK
AND OPTIONS.

    

    (a)           Irrevocable Option to
Purchase.  Upon (i) death or retirement of Employee (ii)
the  Company’s termination of Employee’s employment with the Company
by reason of Disability, Employee or next of kin will have (90) days to exercise
any outstanding vested options.

     

    8.           COMPANY PROPERTY;
INVENTIONS.

     

    (a)           All
records, designs, patents, business plans, financial statements, manuals,
memoranda, lists, and other property delivered to or compiled by Employee by or
on behalf of the Company or their representatives, vendors, or customers which
pertain to the business of the Company shall be and remain the property of the
Company, as the case may be, and be subject at all times to their discretion and
control.  Likewise, all correspondence, reports, records, charts,
advertising materials, and other similar data pertaining to the business,
activities, or future plans of the Company which is collected by Employee shall
be delivered promptly to the Company without request by it upon termination of
Employee’s employment.

     

    (b)           Employee
shall disclose promptly to the Company any and all significant conceptions and
ideas for inventions, improvements, and valuable discoveries, whether patentable
or not, which are conceived or made by Employee, solely or jointly with another,
during the period of employment, and which are directly related to the business
or activities of the Company and which Employee conceives as a result of
Employee’s employment by the Company.  Employee hereby assigns and
agrees to assign all of Employee’s interests therein to the Company or its
nominee.  Whenever requested to do so by the Company, Employee shall
execute any and all applications, assignments, or other instruments that the
Company shall deem necessary to apply for and obtain Letters Patent of the
United States or any foreign country or to otherwise protect the Company’s
interest therein.

     

    
      	
              Private & Confidential

            	
              7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    9.           CONFIDENTIALITY AND PROPRIETARY
INFORMATION.

     

    (a)           Acknowledgement.  Employee
acknowledges and agrees that in the course of rendering services to the Company
and its customers, Employee will have access to and will become acquainted with
confidential and proprietary information about the professional, business and
financial affairs of the Company, its affiliates and its vendors, suppliers and
customers, and that Employee may have contributed to or may in the future
contribute to such information.  Employee further recognizes that
Employee is being employed as a key employee, that the Company is engaged in a
highly competitive business, and that the success of the Company in the
marketplace and business depends upon its goodwill and reputation for integrity,
quality and dependability.  Employee recognizes that in order to guard
the legitimate interests of the Company it is necessary for the Company to
protect all such confidential and proprietary information, goodwill and
reputation.

     

    (b)           Proprietary
Information.  In the course of Employee’s service to the
Company, Employee may have access to confidential know-how, business documents
or information, marketing data, client lists and trade secrets which are
confidential.  Such information shall hereinafter be called
“Proprietary Information” and shall include any and all items enumerated in the
preceding sentence which come within the scope of the business activities of the
Company as to which Employee has had or may have access, whether previously
existing, now existing or arising hereafter, whether or not conceived or
developed by others or by Employee alone or with others during the period of his
service to the Company, and whether or not conceived or developed during regular
working hours. “Proprietary Information” shall not include any information which
is in the public domain during the period of service by Employee or becomes
public thereafter, provided such information is not in the public domain as a
consequence of disclosure by Employee in violation of this
Agreement.

     

    (c)           Fiduciary
Obligations.  Employee agrees and acknowledges that the
Proprietary Information is of critical importance to the Company and a violation
of this Section 8 will seriously and irreparably impair and damage the Company’s
business.  Employee therefore agrees, while he is an employee of the
Company and at all times thereafter, to keep all Proprietary Information
strictly confidential.

     

    (d)           Non-Disclosure.  Except
as required by law or order of any court or governmental entity or in connection
with the proper performance of his duties hereunder, Employee shall not
disclose, directly or indirectly (except as required by law), any Proprietary
Information to any person other than (a) the Company, (b) persons who are
authorized employees of the Company at the time of such disclosure, (c) such
other persons, including prospective investors or lenders, to whom Employee has
been instructed to make disclosure by the Company’s Board, or (d) Employee’s
counsel, so long as such counsel agrees to keep all Proprietary Information
confidential (in the case of clauses (b) and (c), only to the extent required in
the course of Employee’s service to the Company).  Upon any
termination of Employee’s employment hereunder, Employee shall deliver to the
Company all notes, letters, documents, tapes, discs, recorded data and records
which may contain Proprietary Information which are then in Employee’s
possession or control and shall not retain, use, or make any copies, summaries
or extracts thereof.

     

    
      	
              Private & Confidential

            	
              8

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    10.           INDEMNIFICATION.  In
the event Employee is made a party to any threatened, pending, or completed
action, suit, or proceeding, whether civil, criminal, administrative, or
investigative (other than an action by the Company against Employee), by reason
of the fact that Employee is or was performing services under this Agreement,
then the Company shall indemnify Employee against all expenses (including
reasonable attorneys’ fees), judgments, fines, and amounts paid in settlement,
as actually and reasonably incurred by Employee in connection
therewith.  In the event that both Employee and the Company are made a
party to the same third-party action, complaint, suit, or proceeding, the
Company agrees to engage competent legal representation, and Employee agrees to
use the same representation, provided that if counsel selected by the Company
shall have a conflict of interest that prevents such counsel from representing
Employee, Employee may engage separate counsel and the Company shall pay all
reasonable attorneys’ fees of such separate counsel.  Further, while
Employee is expected at all times to use Employee’s best efforts to faithfully
discharge his duties under this Agreement, Employee cannot be held liable to the
Company for errors or omissions made in good faith where Employee has not
exhibited gross, willful and wanton negligence and misconduct or performed
criminal and fraudulent acts which materially damage the business of the
Company.

     

    11.           REPRESENTATIONS OF
EMPLOYEE.  Employee hereby represents and warrants to the
Company that the execution of this Agreement by Employee and his employment by
the Company and the performance of Employee’s duties hereunder will not violate
or be a breach of any agreement with a former employer, client, or any other
person or entity.  Further, Employee agrees to indemnify the Company
for any claim, including but not limited to attorneys’ fees and expenses of
investigation, by any such third party that such third party may now have or may
hereafter come to have against the Company based upon or arising out of any
noncom petition agreement, invention or secrecy agreement between Employee and
such third party which was in existence as of the date of this
Agreement.

     

    Employee
has and will continue to truthfully disclose to the Company the following
matters, whether occurring, at any time during the five (5) years immediately
preceding the date of this Agreement or at any time during the term of this
Agreement:

     

    (1)           any
criminal complaint, indictment or criminal proceeding in which Employee is named
as a defendant;

     

    (2)           any
allegation, investigation, or proceeding, whether administrative, civil or
criminal, against Employee by any licensing authority or industry association;
and

     

    (3)           any
allegation, investigation or proceeding, whether administrative, civil, or
criminal, against Employee for violating professional ethics or standards, or
engaging in illegal, immoral or other misconduct (of any nature or degree),
relating to the business of the Company.

     

    
      	
              Private & Confidential

            	
              9

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    12.           ASSIGNMENT; BINDING
EFFECT.  This Agreement shall inure to the benefit of and be
binding on Employee and the Company and Employee’s and the Company’s respective
heirs, successors and assigns; provided, however, that
Employee shall have no right to assign Employee’s rights or duties under this
contract to any other person.  In the event of the sale, merger or
consolidation of the Company, Employee specifically agrees that the Company may
assign the Company’s rights and obligations hereunder to the Company’s
successor, assign or purchaser.  In addition, and in any event, the
Company may, at any time, assign the Company’s rights and obligations under this
Agreement to any person that is an affiliate of the Company or to any person
which, after any such assignment, employs at least 50% of the employees employed
by the Company immediately prior to the assignment.

     

    13.           COMPLETE AGREEMENT;
AMENDMENTS.  This Agreement supersedes any other agreements or
understandings, written or oral, among the Company and Employee, and Employee
has no oral representations, understandings or agreements with the Company or
any of its officers, directors, or representatives covering the same subject
matter as this Agreement.  This written Agreement is the final,
complete, and exclusive statement and expression of the agreement between the
Company and Employee and of all the terms of this Agreement, and it cannot be
varied, contradicted, or supplemented by evidence of any prior or
contemporaneous oral or written agreements.  This written Agreement
may not be later modified except by a written instrument signed by a duly
authorized officer of the Company and Employee, and no term of this Agreement
may be waived except by a written instrument signed by the party waiving the
benefit of such term.

     

    14.           NOTICE.  Whenever
any notice is required hereunder, it shall be given in writing addressed as
follows:

     

    
      	 
      	
              To
      the Company:

            	
              OmniReliant
      Holdings, Inc.

            
	 
      	 
      	
              14375
      Myerlake Circle

            
	 
      	 
      	
              Clearwater,
      FL 33760

            
	 
      	 
      	 
      
	 
      	
              With
      a copy to:

            	
              Sichenzia
      Ross Friedman Ference LLP

            
	 
      	 
      	
              61
      Broadway, 32nd
      Floor

            
	 
      	 
      	
              New
      York, NY 10006

            
	 
      	 
      	
              Attn:
      Darrin M. Ocasio

            
	 
      	 
      	 
      
	 
      	
              To
      Employee:

            	
              Robert
      DeCecco

            
	 
      	 
      	
              14375
      Myerlake Circle

            
	 
      	 
      	
              Clearwater,
      FL 33760

            

    

    

    Notice
shall be deemed given and effective three (3) days after the deposit in the U.S.
mail of a writing addressed as above and sent first class mail, certified,
return receipt requested, or, in any other case, when actually
received.  Either party may change the address for notice by notifying
the other party of such change in accordance with this paragraph
14.

     

    
      	
              Private & Confidential

            	
              10

            

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        

      

    

     

    15.           SEVERABILITY.  If
any portion of this Agreement is held invalid or inoperative, the other portions
of this Agreement shall be deemed valid and operative and, so far as is
reasonable and possible, effect shall be given to the intent manifested by the
portion held invalid or inoperative.  Employee and the Company agree
and acknowledge that the provisions of paragraphs 4 and 9 are material and of
the essence to this Agreement.  If the scope of any restriction or
covenant contained therein should be or become too broad or extensive to permit
enforcement thereof to its fullest extent, then such restriction or covenant
shall be enforced to the maximum extent permitted by law, and Employee hereby
consents and agrees that (a) it is the parties intention and agreement that the
covenants and restrictions contained therein be enforced as written, and (b) in
the event a court of competent jurisdiction should determine that any
restriction or covenant contained therein is too broad or extensive to permit
enforcement thereof to its fullest extent, the scope of any such restriction or
covenant may be modified accordingly in any judicial proceeding brought to
enforce such restriction or covenant, but should be modified to permit
enforcement of the restrictions and covenants contained herein to the maximum
extent the court, in its judgment, will permit.

     

    16.           ARBITRATION.  Any
unresolved dispute or controversy arising under or in connection with this
Agreement or Employee’s employment with the Company (or any termination thereof)
shall be settled exclusively by arbitration, conducted before a panel of three
(3) arbitrators in Hillsborogh County, Florida, in accordance with the rules of
the American Arbitration Association then in effect.  A decision by a
majority of the arbitration panel shall be final and
binding.  Judgment may be entered on the arbitrators’ award in any
court having jurisdiction.  OmniReliant shall pay the reasonable fees
and expenses of any arbitration proceeding in connection with this
Agreement.

     

    17.           GOVERNING LAW.  This
Agreement shall in all respects be construed according to the laws of the State
of Florida.

     

    18.           HEADINGS.  The
paragraph headings herein are for reference purposes only and are not intended
in any way to describe, interpret, define, or limit the extent or intent of the
Agreement or of any part hereof.

     

    19.           COUNTERPARTS.  This
Agreement may be executed in counterparts, each of which shall be deemed an
original and all of which together shall constitute but one and the same
instrument.

     

    IN WITNESS WHEREOF, the
parties hereto have made and entered into this Agreement as of the date first
above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 
      	
                                          The
      Company: 

                                          OmniReliant
      Holdings, Inc.

                                        	 
	 
      	 
      	 
      	 
	 
      	By	 
	 
      	/s/ 	 
	 
      	Name:
      Robert
      DeCecco	 
	 
      	Title:  Chief
      Executive Officer	 
	 
      	 
      	 
      	 
	 
      	Employee:	 
	 	 	 
	 
      	 
      	
                                          /s/ 

                                        	 
	 	 	
                                          Robert
      DeCecco

                                        	 

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      	
              Private & Confidential

            	
              11Unassociated Document

    

    EXHIBIT
10.39

     

    EXECUTIVE
EMPLOYMENT AGREEMENT

     

    The
Executive Employment Agreement is entered into
this  29th  day of June, 2010  between Axion Power
International, Inc., a Delaware corporation, having a place of business at 3601
Clover Lane, New Castle, Pennsylvania 16105 (the "Company") and Thomas
Granville, of  329 Edgebrook Lane,  New Wilmington,
Pennsylvania 16105  (the “Executive”).

     

    
      	
               
      

            	
              A.

            	
              The
      Company is engaged in research, development, manufacturing and sales
      relating to a novel technology for a supercapacitor/battery hybrid that
      replaces the lead-based negative electrode in a lead-acid battery with a
      highly permeable nanoporous carbon electrode; and in research,
      development, manufacturing and sales relating to both conventional and
      advanced lead acid batteries including new grid technologies for the
      positive and potentially the negative plate and carbon additives to the
      standard lead acid battery; and is exploring various other integration and
      battery management technologies for stationary and motive
      applications.

            

    

     

    
      	
               
      

            	
              B.

            	
              The
      Company owns all of the proprietary interests in the Company's good will
      and its Confidential Information (as hereinafter defined), all of which
      information is not publicly available and is considered by the Company to
      be confidential trade secrets. The Company imparts to its Executives, and
      said Executives require during the course of their employment, access to
      Confidential Information.

            

    

    

    
      	
               
      

            	
              C.

            	
              Executive
      during the course of Executive's employment with the Company: (i) will
      obtain material knowledge and information regarding the Company's
      Customers, including without limitation Customers' specialized
      requirements, preferences and financial condition, all of which are
      materially important in the Company's business relationship with such
      Customers; (ii) may perform duties for the Company, which duties
      themselves are of a highly confidential nature; (iii) is encouraged by the
      Company to develop personal relationships with the Company's suppliers,
      Customers and prospective Customers; (iv) generally has access to
      Confidential Information; and (v) has developed and will develop expertise
      in the field of lead-acid batteries, Axion's PbC Technology, battery
      testing, carbon sheeting, and other technologies currently under
      development by Axion.

            

    

    

    
      	
            	
              D.

            	
              The
      Company is vulnerable to unfair post-employment competition by Executive,
      since Executive has access to Confidential Information and has personal
      relationships with the Company's suppliers, Customers and prospective
      Customers.

            

    

    

    
      	
               
      

            	
              E.

            	
              Executive
      acknowledges the vulnerability of the Company to post-employment
      competition by Executive and is willing to enter into this Agreement with
      the Company, pursuant to which Executive agrees not to disclose any of the
      Company's Confidential Information and not to compete against the Company
      following termination of employment for the time periods and to the
      limited extent set forth in this
Agreement.

            

    

    

    
      	
               
      

            	
              F.

            	
              The
      Company desires to employ Executive as its Chief Executive Officer and
      Executive desires to accept such employment, pursuant to the terms set
      forth in this Agreement.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    NOW, THEREFORE, in
consideration of the promises and of the mutual covenants and agreements herein
contained, the parties hereto agree as follows:

     

    
      	
              1)

            	
              Executive Representations and
      Warranties. The Executive represents and warrants to the Company
      that he is free to accept employment hereunder and that he has no prior or
      other obligations or commitments of any kind to anyone that would in any
      way hinder or interfere with his acceptance of the full, uninhibited and
      faithful performance of this Agreement, or the exercise of his best
      efforts as an executive officer of the
Company.

            

    

     

    
      
        	
                2)

              	
                Employment and Duties. The Company
      shall employ the Executive as its Chief Executive
      Officer.   The Executive will work from the Company's
      office and battery manufacturing center in the New Castle, Pennsylvania
      area and will report directly to the Company’s Board of
      Directors.  The Executive's responsibilities shall include all
      of the duties and responsibilities of the Chief Executive Officer with
      such executive duties and responsibilities consistent with such positions
      and stature as the Board of  Directors of the Company may from
      time to time determine.

              

      

    

     

    
      	
              3)

            	
              Conduct of Executive.
      During the entire Term of this Agreement, the Executive shall devote his
      full business time, effort, skill and attention to the affairs of the
      Company and its subsidiaries, will use his best efforts to promote the
      interests of the Company, and will discharge his responsibilities in a
      diligent and faithful manner, consistent with sound business practices. In
      furtherance of the foregoing:

            

    

     

    
      	
               
      

            	
              a)

            	
              The
      Executive understands and agrees that he owes the Company a fiduciary
      duty, without limiting any other obligations or requirements that are
      imposed on the Executive by this Employment Agreement or by law. As such,
      the Executive shall occupy a position of and commit to the highest degree
      of trust, loyalty, honesty and good faith in all of his dealings with and
      on behalf of the Company.

            

    

     

    
      	
               
      

            	
              b)

            	
              The
      Executive represents that his employment by the Company will not conflict
      with any obligations which he has to any other person, firm or entity. The
      Executive specifically represents that he has not brought to the Company
      (during the period before the signing of this Agreement) and he will not
      bring to the Company any materials or documents of a former or present
      employer, or any confidential information or property of any other person,
      firm or entity.

            

    

    

    
      	
               
      

            	
              c)

            	
              The
      Company does not offer, pay, or receive payments in exchange for the
      referral of a customer. The Executive shall not receive any remuneration
      from any outside person or entity related to the services performed by the
      Executive for the Company or the products purchased or sold by the
      Company.

            

    

     

    
      
        
           

        

        
          Page |
2

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              d)

            	
              The
      Executive shall comply with all applicable laws, including Federal, State
      and Municipal purchasing requirements. The Executive understands that
      failure to do so exposes the Company, its officers, directors, Executives
      and agents to possible sanctions, monetary penalties, criminal prosecution
      and other disciplinary actions. The Executive shall seek appropriate
      guidance from the Company when the application of a law is
      unclear.

            

    

    

    
      	
               
      

            	
              e)

            	
              The
      Executive shall use his best efforts to work in a manner which ensures
      maximum responsiveness to and communications with the Board of Directors
      of the Company and the Chairs of all Board Committees of the Company, all
      in furtherance of the goal of enhancing shareholder value through
      effective communication and responsiveness to parties who have been given
      the authorization to interact with management in specific matters such as
      technology enhancement.

            

    

     

    
      	
               
      

            	
              f)

            	
              The
      Executive will adhere to company policies and procedures including, but
      not limited to, review and  approval of all contractual
      obligations with third parties prior to execution by the Chief Financial
      Officer and Legal Counsel,  prior  review and approval
      of all spending  commitments for capital expenditures by the
      Chief Operating Officer and the Chief Financial Officer  prior
      review and approval of all presentations to existing and
      potential  investors, presentations to existing and
      potential  customers and presentations to industry
      organizations.

            

    

    

    
      	
              4)

            	
              Conditions
      of Employment.

            

    

     

    
      	
               
      

            	
              a)

            	
              Term of Employment.
      Unless terminated earlier in accordance with the provisions of this
      Agreement, the Company will employ the Executive for a period commencing
      on the date hereof and terminating on June 30, 2013  (the
      “Term”).

            

    

     

    
      	
               
      

            	
              b)

            	
              Place of Employment. The
      Executive shall occupy offices at the Company's facility in New Castle,
      PA. The Executive shall not be required to relocate to any other business
      location maintained by the Company although the Executive expressly agrees
      that regular travel shall be necessary as part of his
    duties.

            

    

     

    
      	
               
      

            	
              c)

            	
              Ownership of Company Records
      and Reports. The Executive shall not, except in the performance of
      his duties hereunder, at any time or in any manner make or cause to be
      made any copies, pictures, duplicates, facsimiles, or other reproductions
      or recordings or any abstracts or summaries of any reports, studies,
      memoranda, correspondence, manuals, records, plans or other written or
      otherwise recorded materials of any kind whatever belonging to or in the
      possession of the Company, or of any subsidiary or affiliate of the
      Company, including but not limited to materials describing or in any way
      relating to the Company's business activities including, but not limited
      to, its proprietary techniques and technologies, its operational and
      financial matters, its business and financial and development plans, its
      personnel training and development programs and its industry
      relationships. The Executive shall have no right, title or interest in,
      and shall maintain no personal records of, any such material, and the
      Executive agrees that, except in the performance of his duties hereunder,
      he will not, without the prior written consent of the Company remove any
      such material from any premises of the Company, or any subsidiary or
      affiliate of the Company, except on the portable computer and other
      portable storage devices purchased for his use by the Company, and
      immediately upon the termination of his employment for any reason
      whatsoever Executive shall return to the Company all such material and
      Company owned computing devices in his
  possession.

            

    

    

    
      
        
           

        

        
          Page |
3

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              d)

            	
              It
      is expressly agreed and understood that the Executive shall execute and be
      bound by the terms and conditions of the Executive Agreement which is
      attached hereto and made a part hereof as Exhibit
  A.

            

    

     

    
      	
              5)

            	
              Compensation.

            

    

     

    The
Company shall compensate the Executive for all services to be rendered by him
during the Term as follows:

     

    The
Executive shall receive a salary of $380,000 for services rendered during the
Term of this Agreement. The Executive's salary shall be reviewed after six (6)
months and then on an annual basis thereafter and the amount of such Salary
shall be subject to renegotiation on the basis of the performance of the
Executive and the performance of the Company. In addition, as partial
compensation for the execution of this contract, the Company will pay to the
Employee a  signing bonus of $270,000, subject to normal payroll
withholdings and deductions,  on the first regularly scheduled payroll
following the date of execution hereof.   The Company will award
Employee stock options in accordance with the Option Agreement attached hereto
as Exhibit B.

     

    In
addition, the Executive shall be allowed an automobile allowance of $750.00 per
month to be applied to the car of his choice. The Executive shall be entitled to
reimbursement at the maximum allowable mileage rate under applicable income tax
rules for all reasonable business use of his personal automobile.

     

    
      	
               
      

            	
              a)

            	
              The
      Executive shall participate in any executive compensation plans adopted by
      the shareholders of the Company; provided, however, that the discretionary
      authority to determine the level of the Executive's participation therein
      and the terms and conditions of such participation shall remain vested in
      the Compensation Committee of the Board of Directors and the Compensation
      Committee shall have the authority to adjust such participation upward or
      downward from time to time in its sole
  discretion.

            

    

    

    
      
        
           

        

        
          Page |
4

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              b)

            	
              Effective
      upon date of hire, the Executive will be given the opportunity to
      participate in the Company’s employee benefit programs including, but not
      limited to, medical and hospitalization insurance, group life insurance,
      short and long term disability and any other insurance benefit that is in
      effect from time to time. The Executive shall be eligible to participate
      in and contribute to the premium share as designated by the Company from
      year to year in accordance with the Premium Only Plan which the Company
      adopted effective October 1, 2009 and which the Company may amend from
      time to time.

            

    

     

    
      	
               
      

            	
              c)

            	
              During
      the Term of this Agreement, the Company will reimburse the Executive for
      all reasonable business expenses incurred by him on behalf of the Company
      in the performance of his duties hereunder upon presentation of vouchers,
      receipts or other evidence of such expenses in accordance with the
      policies of the Company .

            

    

    

    
      	
               
      

            	
              d)

            	
              Notwithstanding
      any other provision of this Agreement, it is agreed that the Executive
      shall be entitled to receive such incentive bonuses, stock options and
      other benefits as the Compensation Committee of the Board of Directors may
      grant from time to time, and any income tax liabilities arising there from
      shall be due and payable at the Executive's sole expense, and the
      Executive acknowledges that the Company may make appropriate withholding
      from salary for such grants, should the Executive choose to accept those
      grants.

            

    

     

    
      	
              6)

            	
              Stock Purchase
      Option.

            

    

     

    The
Company acknowledges that the Executive has agreed to devote substantially all
of his business time and effort to the Company during the entire Extended Term
of this Agreement. In recognition of the opportunity costs associated with such
actions the Executive is hereby granted an option to purchase 360,000 shares of
the Company's common stock at an exercise price of $1.50  per share.
10,000 options shall vest upon execution of this contract and, beginning in
August 2010, 10,000 options will vest monthly through the remaining 35 months of
this contract. If the Executive's employment is terminated by the Company without cause (as defined in
Section 7) or terminated by the Executive for good reason (as defined in
Section 7), all unvested options shall immediately vest and become exercisable.
In all other cases, all unvested options shall immediately
terminate.

     

    
      
        
           

        

        
          Page |
5

          
            

          

        

        
           

        

      

    

    

    Furthermore,
all unvested options shall vest in the Executive immediately prior to the
consummation of (i) any merger, consolidation or similar business combination
transaction where the Company is not the surviving entity, (ii) any sale of all
or substantially all of the Company's assets where the proceeds are intended for
distribution to the stockholders, or (iii) any change in control whereby one
group, or a number of groups acting in concert, obtains more than 50% of the
Company's outstanding, or outstanding and issuable equity instruments.
Notwithstanding the generality of the foregoing, rights represented by vested
options shall not be affected by the termination of the Executive's employment
because of the disability or death of the Executive. From and after the vesting
dates, the vested options may be exercised at any time or from time to time, in
whole or in part, for a period of five (5) years. The Option Agreement attached
hereto as "Exhibit B" shall be executed concurrently with this
Agreement.

     

    Executive
specifically acknowledges that all options in paragraphs 6 are fully restricted
from resale under federal and state securities laws and regulations. Such
restrictions from resale remain even after the vesting of such options, and all
such options (including shares received upon option exercise) shall bear
appropriate legends prohibiting resale, which shall not be removed upon vesting.
The Company shall have no obligation to register such shares and options, which
will remain unregistered in perpetuity, and the Company has no obligation to
assist employee in finding exemptions from registration. Notwithstanding the
foregoing, Executive is fully responsible for all income tax liability, if any,
arising from such options and the sale of stock, and the Company has no
obligation to reimburse Executive or assist in any other arrangements regarding
such liability.

     

    
      	
              7)

            	
              Termination
      of Employment.

            

    

     

    
      	
               
      

            	
              a)

            	
              This
      Agreement and the compensation payable to Executive hereunder shall
      terminate and cease to accrue forthwith upon Executive's
      death.

            

    

     

    
      	
               
      

            	
              b)

            	
              If
      the Executive's employment is terminated (i) other than for cause (as defined
      below) by the Company, or (ii) by the Executive for good reason (as defined
      below), the Company shall pay to Executive an aggregate severance amount
      equal to fifty (50%) of the Executive's annual base salary in effect as of
      the date of such termination (i.e., six (6) months' base salary and such
      amount being referred to as the "Severance Amount").
      The Severance Amount may be paid in a single lump sum amount,
      provided that payment of the Severance Amount shall be contingent upon the
      Executive signing the Company’s standard release and waiver
      agreement.

            

    

    

    
      
        
           

        

        
          Page |
6

          
            

          

        

        
           

        

      

    

     

    For the
purposes of this Agreement, "cause" for termination by the Company shall mean
(i) a material breach of this Agreement by Executive; (ii) a breach of
Executive's duty of loyalty to the Company or any act of dishonesty with respect
to the Company or its stockholders, customers or suppliers; (iii) Executive's
continued failure or refusal to perform, in any material respect, any duty or
responsibility to the Company which is normally attached to Executive's
position(after notice and a 10-day cure period), provided, however, any
subsequent failure or refusal to perform such duty or responsibility shall
entitle the Company to terminate employment for Just Cause without notice or an
opportunity to cure; (iv) Executive's gross negligence or willful misconduct in
performing those duties which are normally attached to Executive's position; (v)
the commission by Executive of an act of fraud, conversion, misappropriation
(including the unauthorized use or disclosure of confidential or proprietary
information of the Company) or embezzlement or crime of moral turpitude; (vi) a
conviction of or guilty plea or confession by Executive to any fraud,
conversion, misappropriation, embezzlement or felony; (vii) the exposure of the
Company to any criminal liability or loss of business opportunity or reduction
in revenues or increase in losses substantially caused by the conduct of
Executive which results in a material adverse effect upon the Company's
business, operations, financial condition or results of operations or the
exposure of the Company to any bona fide claims which may result in civil
liability caused by Executive's unlawful harassment in employment; or (viii) the
repeated taking of any action prohibited (a) by the Board or any of the
Executive Officers, provided that Executive has received at least one written
notice of having taken an action so prohibited, or (b) by this Agreement. For
purposes of this Agreement, "Executive's duty of loyalty to the Company" shall
include Executive's fiduciary obligation to place the interests of the Company
ahead of Executive's personal interests and thereby not knowingly profit
personally at the expense of the Company, and shall also include specifically
the affirmative obligation to disclose promptly to the Board any known conflicts
of interest Executive may have with respect to the Company, and the negative
obligations not to usurp corporate opportunities of the Company, not to engage
in any "conflict-of-interest" transactions with the Company (without the
approval of the Board), and not to compete directly with the Company (without
the approval of the Board).

     

    
      	
               
      

            	
              c)

            	
              At
      the end of the initial term of this Agreement, the Executive’s employment
      may be terminated by either party for any reason, or for no reason, upon
      written notice given not less than ninety (90) days prior to the
      termination date.

            

    

     

    
      
        
           

        

        
          Page |
7

          
            

          

        

        
           

        

      

    

     

    
      	
              8)

            	
              Specific
      Performance.

            

    

     

    If any
portion of this Agreement is found by a court of competent jurisdiction to be
too broad to permit enforcement of such restriction to its full extent, then
such restriction shall be enforced to the maximum extent permitted by law, and
the Executive hereby consents and agrees that such scope may be judicially
modified accordingly in any proceeding brought to enforce such restriction. All
provisions of this Agreement are severable, and the unenforceability or
invalidity of any single provision hereof shall not affect any remaining
provision. The Executive acknowledges and agrees that the Company's remedy at
law for any breach of any of his obligations hereunder would be inadequate, and
agrees and consents that temporary and permanent injunctive relief may be
granted in any proceeding that may be brought to enforce any provision of this
Agreement without the necessity of proof of actual damage and without any bond
or other security being required. Such remedies shall not be exclusive and shall
be in addition to any other remedy which the Company may have.

     

    
      	
              9)

            	
              Miscellaneous:

            

    

     

    
      	
               
      

            	
              a)

            	
              The
      failure of a party to insist on any occasion upon strict adherence to any
      Term of this Agreement shall not be considered to be a waiver or deprive
      that party of the right thereafter to insist upon strict adherence to that
      Term or any other Term of this Agreement. Any waiver must be in
      writing.

            

    

     

    
      	
               
      

            	
              b)

            	
              All
      notices and other communications under this Agreement shall be in writing
      and shall be delivered personally or mailed by registered mail, return
      receipt requested, and shall be deemed given when so delivered or mailed,
      to a party at such address as a party may, from time to time, designate in
      writing to the other party.

            

    

     

    
      	
               
      

            	
              c)

            	
              Notwithstanding
      the termination of the Executive's employment hereunder, the provisions of
      Paragraphs 6, 7, 8 and 9 survive such
  termination.

            

    

     

    
      	
               
      

            	
              d)

            	
              This
      Agreement shall be assigned to and inure to the benefit of and be binding
      upon, any successor to substantially all of the assets and business of the
      Company as a going concern, whether by merger, consolidation, liquidation
      or sale of substantially all of the assets of the Company or
      otherwise.

            

    

     

    
      	
               
      

            	
              e)

            	
              This
      Agreement constitutes the entire Agreement between the parties regarding
      the above matters, and each party acknowledges that there are no other
      written or verbal Agreements or understandings relating to such subject
      matter between the Executive and the Company or between the Executive and
      any other individuals or entities other than those set forth herein. No
      amendment to this Agreement shall be effective unless it is in writing and
      signed by both the parties hereto.

            

    

     

    
      	
               
      

            	
              f)

            	
              This
      Agreement shall be construed according to the laws of the State of
      Pennsylvania pertaining to Agreements formed and to be formed wholly
      within the State of Pennsylvania. The Executive represents and warrants
      that he has reviewed this Agreement in detail with his legal and other
      advisors, as he considers appropriate, and that he fully understands the
      consequences to him of its provisions. The Executive is relying on his own
      judgment and the judgment of his advisors with respect to this
      Agreement.

            

    

     

    
      
         

      

      
        Page |
8

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              g)

            	
              In
      the event a dispute arises out of, in connection with, or with respect to
      this Agreement, or any breach thereof, such dispute shall, on the written
      request of one party delivered to the other party, be submitted to and
      settled by binding arbitration before a single arbitrator conducted in New
      Castle, Pennsylvania, United States in accordance with the Laws of the
      State of Pennsylvania. The award of such arbitrator shall be final and may
      be entered by any party hereto in any court of competent jurisdiction. The
      party against whom the arbitrator's award is rendered shall pay all costs
      and expenses of such arbitration, unless the arbitrator shall specifically
      allocate costs in a different manner because the award is not entirely in
      favor of either party.

            

    

     

    
      	
               
      

            	
              h)

            	
              This
      Agreement may be executed in any number of counterparts, which will each
      be deemed to be an original for all purposes
  hereof.

            

    

     

    IN
WITNESS WHEREOF, the parties have signed this Agreement intending to be bound
thereby.

     

    AXION
POWER INTERNATIONAL, INC.

     

    
      
        
          
            
              
                
                  
                    
                      	
                              /s/ Charles Trego

                            	 	
                              June
      29, 2010

                            
	
                              Charles
      Trego, CFO

                            	 	
                              Date
      signed

                            
	 
      	 	 
      
	
                              /s/Thomas Granville

                            	 	
                              June
      29, 2010

                            
	
                              Thomas
      Granville

                            	 	
                              Date
      signed

                            

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Page |
9

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    Executive
Agreement

     

    AXION
POWER INTERNATIONAL, INC.

     

    EXECUTIVE
AGREEMENT

     

    
      
        
          
            	
                    Granville

                  	
                    Thomas

                  	
                    Click
      here to enter text.

                  
	 	 	 
	
                    EXECUTIVES
      LAST NAME

                  	
                    FIRST
      NAME

                  	
                    INITIAL

                  

          

        

      

    

     

    
      	
              1)

            	
              AXION means Axion Power
      International, Inc., and any existing or future subsidiaries, owned or
      controlled, directly or indirectly by
Axion.

            

    

     

    
      	
              2)

            	
              CONFIDENTIAL INFORMATION
      means information, not generally known, and proprietary to Axion,
      including trade secret information, about Axion's processes and products,
      including information relating to research, development, manufacture,
      purchasing, accounting, engineering, marketing, merchandising, selling,
      leasing, servicing, finance and business systems and techniques. All
      information disclosed to me, or to which I have reasonable basis to
      believe to be Confidential Information, or which is treated by Axion as
      being Confidential Information, shall be presumed to be Confidential
      Information.

            

    

     

    
      	
              3)

            	
              INVENTIONS means
      discoveries, improvements and ideas (whether or not shown or described in
      writing or reduced to practice) and works of authorship, whether or not
      patentable or copyrightable, (1) which relate directly to the business of
      Axion, or (2) which relate to Axion’s actual or demonstrably anticipated
      research or development, or (3) which result from any work performed by me
      for Axion, or (4) for which equipment, supplies, facility or trade secret
      information of Axion is used, or (5) which is developed on any Axion
      time.

            

    

     

    
      
         

      

      
        Page |
10

        
          

        

      

      
         

      

    

    
      	
              4)

            	
              CONFLICTING PRODUCT
      means any product, process, system or service of any person or
      organization other than Axion, in existence or under development, which is
      the same as or similar to or competes with, or has a usage allied to, a
      product, process, system or service upon which I work (in either a sales
      or a non-sales capacity) during the last three years of my employment by
      Axion, or about which I acquire Confidential
  Information

            

    

     

    
      	
              5)

            	
              CONFLICTING ORGANIZATION
      means any person or organization which is engaged
      in or about to become engaged in, research on or development, production,
      marketing, leasing, selling or servicing of a Conflicting
      Product.

            

    

    
       

      I
AM EMPLOYED OR DESIRE TO BE EMPLOYED BY AXION IN A CAPACITY IN WHICH I MAY
RECEIVE OR CONTRIBUTE TO CONFIDENTIAL INFORMATION. IN CONSIDERATION OF SUCH
EMPLOYMENT OR CONTINUED EMPLOYMENT, AND THE WAGES OR SALARY AND OTHER EXECUTIVE
BENEFITS IN COMPENSATION FOR MY SERVICES, AND IN CONSIDERATION OF BEING GIVEN
ACCESS TO CONFIDENTIAL INFORMATION; I AGREE THAT:

    

     

    
      	
              6)

            	
              With
      respect to Inventions made, authorized or conceived by me, either solely
      or jointly with others, (1) during my employment, whether or not during
      normal working hours or whether or not at Axion's premises; or (2) within
      one year after termination of my employment, I
  will:

            

    

     

    
      	
               
      

            	
              a)

            	
              Keep
      accurate, complete and timely records of such Inventions, which records
      shall be Axion property and be retained on Axion's
    premises.

            

    

     

    
      	
               
      

            	
              b)

            	
              Promptly
      and fully disclose and describe such Inventions in writing to
      Axion.

            

    

     

    
      	
               
      

            	
              c)

            	
              Assign
      (and I do hereby assign) to Axion all of my rights to such Inventions and
      to applications for letters patent and/or copyright in all countries and
      to letters patent and/or copyrights granted upon such Inventions in all
      countries,

            

    

     

    
      	
               
      

            	
              d)

            	
              Acknowledge
      and deliver promptly to Axion (without charge to Axion but at the expense
      of Axion) such written instruments and to do such other acts as may be
      necessary in the opinion of Axion to preserve property rights against
      forfeiture, abandonment or loss and to obtain and maintain letters patent
      and/or copyrights and to vest the entire right and title thereto in
      Axion.

            

    

     

    
      	
               
      

            	
              e)

            	
              At
      the request of Axion and at its cost, the Executive shall assist Axion, or
      any person or persons from time to time designated by it, to obtain the
      copyright, trademark and/or grant of patents in the United States and/or
      in such other country or countries as may be designated by Axion, covering
      such improvements, discoveries, ideas and inventions and shall in
      connection therewith and in connection with the defense of any patents
      execute such applications, statements or other documents, furnish such
      information and data and take all such other action (including, but not
      limited to, the giving of testimony) as Axion may from time to time
      reasonably request.

            

    

    
      
         

      

      
        Page |
11

        
          

        

      

      
         

      

    

    NOTICE: This is to notify you
that paragraph A of this Axion "Executive Agreement" you are being asked to sign
as a condition of your employment does not apply to an Invention for which no
equipment, supplies, facility or trade secret information of Axion was used and
which was developed entirely on your own time, and (1) which does not relate (a)
directly to the business of Axion or (b) to Axion's actual or demonstrably
anticipated research or development, or (2) which does not result from any work
performed by you for Axion.

     

    
      	
              7)

            	
              EXCEPT as required in my
      duties to Axion, I will never, either during my employment by Axion or
      thereafter, use or disclose any Confidential Information as defined in
      paragraph 2 hereinabove.

            

    

     

    
      	
              8)

            	
              UPON termination of my
      employment with Axion, all records and any compositions, articles,
      devices, and other items which disclose or embody Confidential Information
      including all copies or specimens thereof in my possession, whether
      prepared or made by me or others, will be left with
  Axion.

            

    

     

    
      	
              9)

            	
              EXCEPT as listed at the
      end of this Agreement, I will not assert any rights under any Inventions
      as having been made, conceived, authored or acquired by me prior to my
      being employed by Axion.

            

    

     

    
      	
              10)

            	
              FOR a period of two
      years after termination of my employment with
  Axion:

            

    

     

    
      	
               
      

            	
              a)

            	
              I
      will inform any new employer, prior to accepting employment of the
      existence of this Executive agreement and provide such employer with a
      copy thereof.

            

    

     

    
      	
               
      

            	
              b)

            	
              If
      I have been or am employed by Axion in a sales capacity, I will not render
      services in the United States, directly or indirectly, to any Conflicting
      Organization in connection with the development, manufacture, marketing,
      sale, merchandising, leasing, servicing or promotion of any Conflicting
      Product to any person or organization upon whom I called, or whose account
      I supervised on behalf of Axion, at any time during the last three years
      of my employment by Axion.

            

    

     

    
      
         

      

      
        Page |
12

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              c)

            	
              If
      I have been or am employed by Axion in a non-sales capacity, I will not
      render, to any Conflicting Organization, services, directly or indirectly,
      in the United States or in any country in which Axion has a plant for
      manufacturing a product upon which I work during my employment by Axion or
      in which Axion provides a service in which I participate during my
      employment by Axion, except that I may accept employment with a large
      Conflicting Organization whose business is diversified (and which has
      separate and distinct divisions), and which as to part of its business is
      not a Conflicting Organization, provided Axion, prior to my accepting such
      employment, shall receive separate written assurances satisfactory to
      Axion from  such Conflicting Organization and from me, that I
      will not render services directly or indirectly in connection with any
      Conflicting Product.

            

    

     

    
      	
               
      

            	
              d)

            	
              If
      I am unable to obtain employment consistent with my abilities and
      education, within one month after termination of my employment with Axion,
      solely because of provisions of this paragraph 10, such provisions shall
      thereafter continue to bind me only as long as Axion shall make payments
      to me equal to my monthly base pay at termination (exclusive of extra
      compensation, bonus or Executive benefits) for each month of such
      unemployment commencing with the second month after termination of my
      employment with Axion.

            

    

     

    
      	
               
      

            	
              1)

            	
              I
      agree that I will, during each month of such unemployment, make
      conscientious and aggressive efforts to find employment; and I will,
      within ten days after the end of each calendar month, give Axion a
      detailed written account of my efforts to obtain employment. Such account
      will include a statement by me that although I aggressively sought
      employment, I was unable to obtain it solely because of the provisions of
      this paragraph 10.

            

    

     

    
      
        	
                 
      

              	
                2)

              	
                It
      is understood that Axion shall, at its option, be relieved of making a
      monthly payment to me for any month during which I failed to seek
      employment conscientiously and aggressively, and to account to Axion, as
      provided for above.

              
	 	 	 

      

    

    
      	
               
      

            	
              3)

            	
              Axion
      is obligated to make such payments to me, upon my fulfillment of the
      conditions set forth above, for 23 consecutive months unless Axion gives
      me written permission to accept available employment, or gives me a
      written release from the obligations of paragraph
  E.

            

    

     

    
      	
               
      

            	
              4)

            	
              Axion's
      obligation to make such monthly payments shall terminate upon my death or
      upon my obtaining employment. I agree that I will give prompt written
      notice of such employment to
Axion.

            

    

    
       

    

    
      	
               
      

            	
              5)

            	
              Axion
      shall not be liable, under this Agreement, or in any action relating
      thereto, for any amount greater than the equivalent of 23 such
      monthly  payments, less amounts paid to me by Axion pursuant to
      this Agreement; Axion not being obliged to make a payment to me for the
      first month of such unemployment.

            

    

     

    
      	
               
      

            	
              e)

            	
              If,
      after termination of my employment with Axion, I obtain other employment
      but because of the provisions of paragraph 10, my position is such that my
      gross monthly income will be less than that which I last received from
      Axion as monthly base pay at termination, then Axion’s obligations to make
      payments to me for the period specified in paragraph 10.d. will be limited
      to the difference between my monthly base pay at Axion, at termination,
      and the gross monthly income I will receive in my subsequent
      employment.

            

    

     

    
      
         

      

      
        Page |
13

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              f)

            	
              ALL
      MY obligations under paragraphs 1 through 10 of this Agreement shall be
      binding upon my heirs, spouses, assigns and legal
      representatives.

            

    

     

    
      	
               
      

            	
              g)

            	
              IF
      ANY provision of this Agreement shall contravene any statute of a
      particular state which I perform services for Axion, then this Agreement
      shall be construed as if such provision is not contained herein insofar as
      enforcement of this Agreement against me in such particular state is
      concerned.

            

    

     

    
      	
               
      

            	
              h)

            	
              THIS
      AGREEMENT replaces any existing Agreement entered into by me and Axion
      relating generally to the same subject matter; but such replacement shall
      not affect rights and obligations of either party arising out of any such
      prior Agreement which shall then continue to be in effect for that
      purpose.

            

    

     

    (Do not
disclose or describe here anything you regard as being confidential. What is
wanted in this space (or on a separate attached sheet), pursuant to paragraph
"10" above, is a brief description of the product or process, etc., plus a list
of source documents, such as patents, patent applications, drawings, or written
descriptions, identified by number, title and date.)

     

    
      
         

      

      
        Page |
14

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have signed this Agreement intending to be bound
thereby.

     

    AXION
POWER INTERNATIONAL, INC.

     

    
      
        
          
            
              
                
                  
                    	 
      	 
      	 
      
	
                            Charles
      Trego, CFO

                          	 
      	
                            Date
      signed

                          
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                            Executive
      Signature

                          	 
      	
                            Date
      signed

                          
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                            Executive
      Printed Name

                          	 
      	 
      

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Page |
15

        
          

        

      

      
         

      

    

    EXHIBIT
"B"

     

    NONQUALIFIED
STOCK PURCHASE OPTION AGREEMENT RECITALS

     

    WHEREAS,
the Company and the Optionee have entered into an employment agreement that
requires
the Company to grant the Optionee an option to purchase shares of the Company's
common stock at a price of $1.50 per share as partial consideration for the
services to be rendered under the agreement; and

     

    WHEREAS,
the Board of Directors (the "Board") has determined that it would be in the best
interests of the Company and its stockholders to grant the option provided for
herein (the "Option") as an inducement to serve as an employee of the Company
and to provide Optionee with a proprietary interest in the future of the
Company;

     

    NOW
THEREFORE, in consideration of the mutual covenants hereinafter set forth, the
parties hereto agree as follows:

     

    
      	
              1)

            	
              Grant of the Option. The
      Company hereby grants to Optionee the right and option to purchase, on the
      terms and conditions hereinafter set forth, all or any part of an
      aggregate of 360,000 shares (the "Stock") of the presently authorized but
      unissued common stock, par value $.001  per share, of the
      Company (the "Common Stock"). The purchase price of the Stock subject to
      this Option shall be $1.50  per
share.

            

    

     

    
      	
              2)

            	
              Vesting of the Option.
      As long as the Optionee remains an employee of the Company, the options
      granted hereby shall vest based on the following
  schedule:

            

    

     

    10,000
options shall vest upon signing this agreement

     

    10,000  options
shall vest on the last day of each month commencing August 2010 through and
including June 2013

     

    
      
         

      

      
        Page |
16

        
          

        

      

      
         

      

    

    If the
Optionee's employment is terminated by the Company without good reason or
terminated by the Optionee for good reason, all unvested options shall
immediately vest and become exercisable. In all other cases, all unvested
options shall immediately terminate. From and after the vesting dates, the
vested options may be exercised at any time or from time to time, in whole or in
part, for a period of five (5) years. Notwithstanding the generality of the
foregoing, rights represented by vested options shall not be affected by the
termination of the Optionee's employment because of the disability or death of
the Optionee.

     

    
      	
              3)

            	
              Exercise of
      Option.

            

    

    
      	
               
      

            	
              a)

            	
              Vested
      Options may only be exercised by the Optionee who shall have the right to
      exercise such Option in whole or in part, at any time or from time to time
      during the period commencing on a vesting date and terminating on
      the fifth anniversary of such vesting date. The Option is not
      transferable or assignable by the Optionee other than by will, as a result
      of the laws of descent and distribution or pursuant to a Qualified
      Domestic Relations Order, If the Option is transferred by will, as a
      result of the laws of descent and distribution or pursuant to a Qualified
      Domestic Relations Order, the transferee shall have all of the rights,
      powers and privileges that the Optionee would have had in the absence of
      such a transfer.

            

    

     

    
      	
               
      

            	
              b)

            	
              This
      Option may be exercised by written notice of intent to exercise the Option
      delivered to the Company at its principal office no fewer than five days
      in advance of the effective date of the proposed exercise. Such notice
      shall be accompanied by this Agreement, shall specify the number of shares
      of Common Stock with respect to which the Option is being exercised and
      shall specify the proposed effective date of such exercise. Such notice
      shall also be accompanied by payment in full to the Company at its
      principal office of the option price for the number of shares of the
      Common Stock with respect to which the Option is then being exercised. The
      payment of the option price shall be made in cash or by certified check,
      bank draft, or postal or express money order payable to the order of the
      Company or, with the consent of the Board, in whole or in part in Common
      Stock which is owned by the Optionee and valued at its Fair Market Value
      on the date of exercise. Any payment in shares of Common Stock shall be
      effected by delivery of such shares to the CFO of the Company, duly
      endorsed in blank or accompanied by stock powers duly executed in blank,
      together with any other documents or evidence as the CFO of the Company
      shall require from time to time.

            

    

     

    
      	
               
      

            	
              c)

            	
              Upon
      the Company's determination that the Option has been validly exercised as
      to any of the Stock, the CFO of the Company shall issue a certificate or
      certificates in the Optionee's name for the number of shares set forth in
      his written notice. However, the Company shall not be liable to the
      Optionee for damages relating to any delays in issuing the certificate(s)
      to him, any loss of the certificate(s), or any mistakes or errors in the
      issuance of the certificate(s) or in the certificate(s)
      themselves.

            

    

     

    
      
         

      

      
        Page |
17

        
          

        

      

      
         

      

    

    
      	
              4)

            	
              Term of Employment. This
      Option shall not grant to Optionee any right to continue serving as an
      employee of the Company.

            

    

     

    
      	
              5)

            	
              Notices; Deliveries. Any
      notice or delivery required to be given under the terms of this Option
      Agreement shall be addressed to the Company in care of its CFO at its
      principal office, 3601 Clover Lane, New Castle, Pennsylvania, 16105, and
      any notice or delivery to be given to Optionee shall be addressed to him
      at such address as the Optionee may hereafter designate in writing. Any
      such notice or delivery shall be effective as of the date of
      receipt.

            

    

    

    
      	
              6)

            	
              Disputes. As a condition
      of the granting of the Option hereby, the Optionee and his heirs and
      successors agree that any dispute or disagreement which may arise
      hereunder shall be determined by the Board in its sole discretion and
      judgment, and that any such determination and any interpretation by the
      Board of the terms of this Option shall be final and shall be binding and
      conclusive, for all purposes, upon the Company, Optionee, his heirs and
      personal representatives.

            

    

    

    
      	
              7)

            	
              Legend on Certificates.
      The certificate(s) representing the shares of Stock purchased by exercise
      of this Option will be stamped or otherwise imprinted with a legend in
      such form as the Company or its counsel may require with respect to any
      applicable restrictions on the sale or transfer of such shares and the
      stock transfer records of the Company will reflect stop-transfer
      instructions with respect to such shares. The Company is under no
      obligation to remove this legend for any reason
  whatsoever.

            

    

    

    
      	
              8)

            	
              Miscellaneous.

            

    

    

    
      	
               
      

            	
              a)

            	
              All
      decisions of the Board upon any questions arising under the Plan or under
      this Option Agreement shall be
conclusive.

            

    

     

    
      	
               
      

            	
              b)

            	
              Nothing
      herein contained shall affect Optionee's right to participate in and
      receive benefits from and in accordance with the then current provisions
      of any pension, insurance or other employee welfare plan or program of the
      Company.

            

    

     

    
      	
               
      

            	
              c)

            	
              Optionee
      agrees to make appropriate arrangements with the Company for satisfaction
      of any applicable federal, state or local income tax, withholding
      requirements or like requirements, including the payment to the Company at
      the time of exercise of the Option of all such taxes and
      requirements.

            

    

    

    
      	
               
      

            	
              d)

            	
              Whenever
      the term "Optionee" is used herein under circumstances applicable to any
      other person or persons to whom this Option, in accordance with the
      provisions hereof, may be transferred, the word "Optionee" shall be deemed
      to include such person or persons.

            

    

    

    
      	
               
      

            	
              e)

            	
              Notwithstanding
      any of the other provisions hereof, Optionee agrees that he will not
      exercise this Option and that the Company will not be obligated to issue
      any of the Stock pursuant to this Option Agreement, if the exercise of the
      Option or the issuance of such shares of Common Stock would constitute a
      violation by the Optionee or by the Company of any provision of any law or
      regulation of any governmental authority or national securities exchange.
      Upon the acquisition of any Stock pursuant to the exercise of the Option
      herein granted, Optionee will enter into such written representations,
      warranties and agreements as the Company may reasonably request in order
      to comply with applicable securities laws or with this
      Agreement.

            

    

     

    
      
         

      

      
        Page |
18

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              f)

            	
              This
      Agreement shall be binding upon and inure to the benefit of any successor
      or successors of the Company. The interpretation, performance and
      enforcement of this Option Agreement shall be governed by the laws of the
      State of Delaware.

            

    

     

    The
parties have fully read and understand this STOCK PURCHASE OPTION AGREEMENT in
its entirety and have signed it on the dates indicated in the spaces provided
below.

     

    
      
        
          
            
              
                
                  
                    
                      	
                              AXION
      POWER INTERNATIONAL, INC.

                            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                              Charles
      Trego, CFO

                            	 
      	
                              Date
      signed

                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                              Executive
      Signature

                            	 
      	
                              Date
      signed

                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                              Executive
      Printed Name

                            	 
      	 
      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Page |
19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]