Document:

Blueprint

 

 Exhibit 10.2

 

 EMPLOYMENT AGREEMENT

 

This
Employment Agreement (“Agreement”) is entered effective
as of the 1st day of October, 2018, between VIVI HOLDINGS, INC., a Delaware
corporation (the “Company”), whose address is 951
Yamato Road, Suite 101, Boca Raton, FL 33431 and Lester Bello, an
individual, whose
address is listed below his signature (“Employee”).

 

 

BACKGROUND

 

WHEREAS, the Company desires to hire the
Employee;

 

WHEREAS, Employee desires to be hired by
the Company and understands this Agreement and acknowledges that he
has been given a fair opportunity to discuss it with an
attorney.

 

NOW, THEREFORE, in consideration of the
representations, covenants and promises contained in this Agreement
and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and
Employee, each intending to be legally bound, agree as
follows:

 

TERMS

 

1. Background.
The Background statements set forth above are true and correct and
are incorporated into this Agreement.

 

2. Term of
Employment. The
Company hereby employs Employee as its Chief Operating Officer to
perform the duties described in Section 3 and Employee hereby
accepts such employment by the Company, on the terms and conditions
herein contained and subject to the policies and procedures adopted
by the Company from time to time, for a term of one year commencing
on October 1, 2018 (the “Term”).

 

3. Duties.

 

A. General Duties. As Chief
Operating Officer of the Company, Employee will have responsibility
for the oversight of the operations of the Company and direct the
other employees under him and such other powers and duties
customary to such position. Employee shall perform her duties and
obligations hereunder diligently, faithfully and completely, and
with Employee’s application of her abilities, skills and
judgment and in accordance with ethical and professional standards.
More specifically as described in the Job Description
attached.

 

B. Additional Activities.
Employee agrees that during the Term
of this Agreement she shall not: (i) engage in other business
activities of any kind which would give rise to a conflict of
interest for Employee with respect to her duties and obligations to
the Company and under this Agreement, (ii) directly or indirectly,
engage in any activities which may damage the business of the
Company or which may adversely affect the goodwill, reputation or
business relations of the Company with its customers, the public
generally or with any of its other employees.

 

 

1

 

 

4. Compensation.
The Company shall pay Employee a base monthly salary of $7,000.00
(the “Compensation”).

 

(a) 

Bonus -
Employee will be eligible to participate in a bonus program
commensurate with employee’s performance and the
profitability of the Company should the Company Board of Directors
implement a bonus program. All determinations of the payment and
amounts of a bonus, if awarded, shall be at the sole discretion of
the Company’s Board of Directors, based upon the
recommendations given to the Board by the managers of the Company.
The Board may amend and change the bonus program at any time in its
sole discretion. In the event the Board of Directors implements a
bonus program, notwithstanding the Employee will be eligible to
participate, does not mean that any bonus award will necessarily be
granted to Employee. Any such bonus grant is completely at the
discretion of the Board of Directors.

 

(b) 

Equity Incentive
Plan. Employee will be eligible to participate in the 2018
Equity Incentive Plan (the “Plan”) should the Company Board of
Directors implement such a plan. All determinations of any award
under the Plan, if awarded, shall be at the sole discretion of the
Company’s Board of Directors. The Board may amend and change
the Plan at any time in its sole discretion. In the event the Board
of Directors implements a Plan, notwithstanding the Employee will
be eligible to participate, does not mean that any award under the
Plan will necessarily be granted to Employee. Any such Plan award
is completely at the discretion of the Board of
Directors.

 

5. Benefits.
During the Term, Employee shall have the ability to participate in
the benefits, adopted by the Company for its employees similarly
situated to Employee, such as health (the “Benefits”). The Employee shall be
entitled to take vacation days, and sick/personal days in each
calendar year as determined by Company policy.

 

6. Reimbursement of
Expenses.
During the Term, the Company may
reimburse Employee for all preapproved ordinary and necessary
business expenses, incurred by him in connection with the
performance of her responsibilities and duties hereunder.
Reimbursement of any such expenses subject to submission by
Employee to the Company of vouchers itemizing such expenses in a
form satisfactory to the Company, properly identifying the nature,
amount and business purpose of any such expenditure, in accordance
with the then current policies established by the
Manager.

 

7. Termination.

 

A. With Cause. This Agreement may
be terminated by the Company “for cause”, subject to
the cure period as specified below, in any of the following
circumstances:

 

(i) Employee commits
any act or acts of fraud, misappropriation or
dishonesty;

 

(ii) Employee
intentionally fails to perform or is negligent in the performance
of her duties or obligations or Employee violates any provision of
this Agreement, including, but not limited to, the restrictive
covenants;

 

(iii) Employee
violates any other agreement between the Company and Employee or
for the benefit of Company or otherwise fails to comply with the
standards, directions, policies and regulations of the
Company;

 

(iv) Employee
is convicted, pleads guilty to, or pleads no contest to a felony
crime or any crime involving dishonesty, fraud or violence in any
state or federal court within the United States; or

 

 

2

 

 

(v) Employee engages in
any illegal or inappropriate activity which, in the sole and
absolute discretion of the Company, is detrimental to the
reputation, goodwill or business operations of the Company or which
reflects adversely upon, or has an adverse impact on, the
Company.

 

The
Company agrees to provide the Employee with written notice of the
for cause circumstances and provide the Employee with a cure period
of 20 days to correct the deficiency as noted by the Company.
Should the Employee fail to cure the for cause deficiency within
said 20 day period, then a termination by the Company for cause
under this Section
7.A shall be
effective immediately after the expiration of the cure period set
forth in the foregoing sentence without further notice to
Employee.

 

B. Without Cause. The
Employee’s Term of employment may be terminated by the
Company for any reason or no reason, to be effective upon
thirty (30) days prior written
notice given by the Company to Employee.

C. Event of
Disability.                                            If,
during the Term, Employee shall be unable to perform the material
parts of Employee’s duties (a) for a period exceeding
ninety (90) consecutive
calendar days, or (b) for a total of one hundred eighty (180) non-consecutive
calendar days during any period of twelve (12) consecutive months,
by reason of illness or incapacity as determined by a physician
mutually acceptable to the Company and Employee (either referred to
herein as an “Event of
Disability”), the Employee’s Term of employment
may be terminated by the Company. A termination by the Company
under this Section
7.A shall be
effective immediately upon the date set forth in a written notice
of termination delivered by the Company to Employee.

 

D. Death. The Employee’s
Term of employment shall immediately terminate upon the date of the
death of Employee.

 

8. The
Party's Rights on Termination.

 

A. No Further Compensation. Upon
termination as set forth in Section 7, Employee shall not be
entitled to any further compensation or benefits.

 

B. Severance. No severance will be due under this
Agreement.

 

C. Full Settlement. The payments
provided under this Agreement are in full settlement of any claims
Employee may have against the Company arising out of
Employee’s termination, including, but not limited to, any
claims for discrimination or wrongful discharge; provided, however,
any rights or obligations of the parties under any other agreement
or plan, such as any pension, stock option, shareholder or other
plan or agreement shall be governed by such other plan or
agreement.

 

9. Employee's Duty of
Loyalty and Fiduciary Obligations. Employee has a fiduciary
obligation to the Company, which requires Employee to exercise due
diligence and good faith in any dealings which may affect the
Company and to always act in the Company's best interests. During
the Term, Employee shall not engage in any transaction or other act
which could be detrimental to the Company, beneficial to any of the
Company's competitors, or which could otherwise constitute a
conflict of interest. During the Term, Employee shall devote
Employee’s efforts and ability on a full-time basis to the
Company. Employee shall not “freelance” or otherwise
sell any product or perform any service competitive with any
product or service offered by the Company, on a full time, part
time, or any other basis, other than for the Company. This shall
not apply to services performed by Employee, without compensation,
for any bona fide nonprofit, charitable, civic, religious, or
community organization so long as such services do not constitute a
conflict of interest or violate other provisions of this
Agreement.

 

10. Representations of
Employee. Employee represents and warrants to the Company
that he is not subject to any restriction or non-competition
covenant in favor of a former employer or any other person or
entity, and that the execution of this Agreement by Employee and
her provision of services to
the Company and the performance of her obligations hereunder will
not violate or be a breach of any agreement with a former employer
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
have against the Company based upon any noncompetition agreement,
invention or secrecy agreement between Employee and such third
party.

 

 

3

 

 

11. Covenant Not to
Solicit or Compete.

 

A. No
Solicitation. The Employee
shall not, during the Employment Term and the twenty four (24)
month period following the Employment Term (the
“Restriction
Period”) directly or
indirectly, solicit, entice, persuade, induce or cause any
employee, officer, manager, director, consultant, agent or
independent contractor of the Company to terminate his, her or its
employment, consultancy or other engagement by the Company to
become employed by or engaged by any individual, entity,
corporation, partnership, association, or other organization
(collectively, “Person”) other than the Company, or approach any
such employee, officer, manager, director, consultant, agent or
independent contractor for any of the foregoing purposes, or
authorize or assist in the taking of any of such actions by any
Person.

 

B. Prohibited
Actions. The Employee shall
not, during the Restriction Period, directly or indirectly,
solicit, entice, persuade, induce or cause:

 

1. any
Person who either was a customer of the Company at any time during
the Employment Term or is a customer of the Company at any time
during the Restriction Period; or

 

2. any
lessee, vendor or supplier to, or any other Person who had or has a
business relationship with, the Company at any time during the
Employment Term or the Restriction Period;

 

(the
Persons referred to in items (i) and (ii) above, collectively, the
“Prohibited
Persons”) to enter into a business relationship with
any other Person for the same or similar services, activities or
goods that any such Prohibited Person purchased from, was engaged
in with or provided to, the Company or to reduce or terminate such
Prohibited Person’s business relationship with the Company;
and the Employee shall not, directly or indirectly, approach any
such Prohibited Person for any such purpose, or authorize or assist
in the taking of any of such actions by any Person.

 

C. Terms.
For purposes of this Section
11, the terms
“employee”, “consultant”,
“agent”, and “independent contractor” shall
include any Persons with such status at any time during the three
(3) months preceding any solicitation in
question.

 

D. Referrals.
Nothing in this Section 11
shall be interpreted as prohibiting
the Employee from referring business to a consultant, agent,
lessee, vendor or supplier of the Company so long as the
consultancy or other engagement with the Company is not adversely
affected thereby.

 

E. Non-Competition.
Except as otherwise provided in this Agreement, the Employee shall
not, anywhere within the Restricted
Territory, as hereinafter
defined, directly or indirectly, alone or in association with any
other Person, directly or indirectly, (i) acquire, or own in any
manner, any interest in any Person that engages in the Business or
that engages in any business, activity or enterprise that competes
with any aspect of the Business, or (ii) be interested in (whether
as an owner, director, officer, partner, member, lender,
shareholder, vendor, consultant, employee, advisor, agent,
independent contractor or otherwise), or otherwise participate in
the management or operation of, any Person that engages in any
business, activity or enterprise that competes with any aspect of
the Business. For purposes hereof, Restricted Territory shall mean
the World.

 

12. Protection
of Confidential Information.
The Employee acknowledges that prior to the Employment Date the
Employee has had access to, and during the course of the
Employee’s employment hereunder will have access to,
significant Confidential Information (defined below). During the
Restriction Period, (i) the Employee shall maintain all
Confidential Information in strict confidence and shall not
disclose any Confidential Information to any other Person, except
as necessary in connection with the performance of the
Employee’s duties and obligations under this Agreement, or as
the Employee may be compelled to disclose by law and (ii) the
Employee shall not use any Confidential Information for any purpose
whatsoever except in connection with the performance of the
Employee’s duties and obligations under this
Agreement.

 

 

4

 

 

For
purposes of this Agreement, “Confidential Information” shall
mean any and all information pertaining to the Company and the
Business, whether such information is in written form or
communicated orally, visually or otherwise, that is proprietary,
non-public or relates to any trade secret, including, but not
limited to, (i) information, observations and data obtained by the
Employee while employed by the Company concerning the Business,
(ii) products or services, (iii) fees, costs and pricing
structures, (iv) designs, (v) analyses, (vi) drawings, photographs
and reports, (vii) computer software, including operating systems,
applications and program listings, (viii) flow charts, manuals and
documentation, (ix) data bases, (x) accounting and business
methods, (xi) inventions, devices, new developments, methods and
processes, whether patentable or unpatentable and whether or not
reduced to practice, (xii) customers, suppliers, clients and
customer, supplier and client lists, (xiii) other copyrightable
works, (xiv) marketing plans and trade secrets, and (xv) all
similar and related information in whatever form. Notwithstanding
the foregoing, “Confidential Information” shall not
include information that (i) is or becomes generally available to,
or known by, the public through no fault of the Employee, or (ii)
is independently acquired or developed by the Employee without
violating any of her
obligations under this Agreement.

 

13. Inventions.
The Employee shall disclose promptly to the Company any and all
conceptions and ideas for inventions, improvements, and valuable
discoveries, whether patentable or not, which are conceived or made
by the Employee solely or jointly with another during the period of
employment or within one (1) year thereafter and which are related
to the business or activities of the Company. The Employee hereby
assigns and agrees to assign all her interest therein to Company or
its nominee. Whenever requested by the Company, the Employee shall
execute any and all applications, assigns or other instruments that
the Company shall deem necessary to apply for and obtain Letters of
Patents of the United States or any foreign country or to otherwise
protect the Company’s interest therein. These obligations
shall continue beyond termination of employment with respect to
inventions, improvements and valuable discoveries, whether
patentable or not, conceived, made or acquired by the Employee
during the period of employment or within one year thereafter, and
shall be binding upon the Employee’s heirs, assigns,
executors, administrators and other legal
representatives.

 

14. Return
of Property. All
correspondence, reports, charts, products, records, designs,
patents, plans, manuals, sales and marketing material, memorandum,
advertising materials, customer lists, distributor lists, vendor
lists, telephones, beepers, portable computers, and any other such
data, information or property collected by or delivered to the
Employee by or on behalf of the Company, their representatives,
customers, suppliers or others and all other materials compiled by
the Employee which pertain to the business of the Company shall be
and shall remain the property of the Company and shall be delivered
to the Company promptly upon its request at any time and without
respect upon completion or other termination of the
Employee’s employment hereunder for any
reason.

 

15. Representations
of the Employee. The Employee
represents and warrants to the Company that he is not subject to
any restriction or non-competition covenant in favor of a former
employer or any other person or entity, and that the execution of
this Agreement by the Employee and her provision of services to the
Company and the performance of her obligations hereunder will not
violate or be a breach of any agreement with a former employer or
any other person or entity. Further, the 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
have against the Company based upon any noncompetition agreement,
invention or secrecy agreement between the Employee and such third
party.

 

16. Certain
Additional Agreements.

 

A. Legitimate
Interest. The Employee agrees
that it is a legitimate interest of the Company and reasonable and
necessary for the protection of the goodwill and business of the
Company, which are valuable to the Company, that the Employee make
the covenants contained in Sections 11, 12, 13,
14 and 15 (the
“Selected
Covenants”).

 

B. Fair
and Reasonable. The parties
acknowledge that (i) the type and periods of restriction imposed in
the Selected Covenants are fair and reasonable and are reasonably
required to protect and maintain the proprietary and other
legitimate business interests of the Company, as well as the
goodwill associated with the Business conducted by the Company,
(ii) the Business conducted by the Company extends throughout the
United States, and (iii) the time, scope, geographic area and other
provisions of the Selected Covenants have been specifically
negotiated by sophisticated commercial parties represented by
experienced legal counsel.

 

 

5

 

 

C. Illegality.
In the event that any covenant contained in this Agreement,
including, without limitation, any of the Selected Covenants shall
be determined by any court of competent jurisdiction to be illegal,
invalid or unenforceable by reason of its extending for too great a
period of time or over too great a geographical area or by reason
of its being too extensive in any other respect, (i) such covenant
shall be interpreted to extend over the maximum period of time for
which it may be legal, valid and enforceable, as applicable, and/or
over the maximum geographical area as to which it may be legal,
valid and enforceable, as applicable, and/or to the maximum extent
in all other respects as to which it may be legal, valid and
enforceable, as applicable, all as determined by such court making
such determination, and (ii) in its reduced form, such covenant
shall then be legal, valid and enforceable, as applicable, but such
reduced form of covenant shall only apply with respect to the
operation of such covenant in the particular jurisdiction in or for
which such adjudication is made. It is the intention of the parties
that such covenants shall be enforceable to the maximum extent
permitted by applicable law.

 

17. Specific
Performance. The Employee
acknowledges that any breach or threatened breach of the covenants
contained in the Selected Covenants will cause the Company material
and irreparable damage, the exact amount of which will be difficult
to ascertain and that the remedies at law for any such breach or
threatened breach will be inadequate. Accordingly, the Employee
agrees that the Company shall, in addition to all other available
rights and remedies (including, but not limited to, seeking such
damages as either of them can show it has sustained by reason of
such breach), be entitled to specific performance and injunctive
relief in respect of any breach or threatened breach of any of the
Selected Covenants, without being required to post bond or other
security and without having to prove the inadequacy of the
available remedies at law or irreparable harm.

 

A.
Notwithstanding anything to the contrary in this Agreement to the
contrary, in the event the Company is declared to have been in
material default of this Agreement by final arbitration in a forum
selected by the parties or final adjudication in any court, Section
11 of this Agreement shall terminate and not be operative for any
period of time thereafter.

 

18. Survivability of
Provisions. The
provisions of Section
11 through Section
17 of this Agreement shall survive the termination of this
Agreement by either party, and shall apply to any other services
provided by Employee whether as an independent contractor and/or
through an agency relationship with the Company.

 

19. Jurisdiction,
Venue, Governing Law. Personal jurisdiction over the parties
may be properly exercised, and exclusive venue for any action
arising out of or related to this Agreement shall be in the state
and federal courts of Palm
Beach County, Florida. Florida law shall govern the
validity, construction, enforcement of, and all other matters
relating to this Agreement, including the remedies available for
its breach.

 

20. Severability.
If a court of competent jurisdiction determines that any provision
of this Agreement is too broad or extensive to permit enforcement
to its full extent, then any such provision shall be enforced to
the maximum extent permitted by Florida law. A judicial
determination regarding the invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or
enforceability of the remaining provisions of this Agreement, which
shall continue to be given full force and effect.

 

21. Attorneys'
Fees. In the event of
legal proceedings arising from a breach or threatened breach of
this Agreement, including any of the representations, warranties,
covenants or promises contained in this Agreement, the prevailing
party shall be entitled to recover, in addition to any other
remedy, its fees and costs including, but not limited to fees and
costs of attorneys, investigators, experts and paralegals and costs
pre-litigation, appeal, bankruptcy, and collection.

 

22. Miscellaneous.
This Agreement shall be binding upon and inure to the benefit of
the parties and their respective successors, assigns, and legal
representatives; provided, however, that the rights, duties, and
obligations of Employee under this Agreement are personal and
cannot be delegated, assigned, or otherwise transferred by Employee
without the prior written consent of the Company. Any failure by
either party to comply with any provision of this Agreement may be
waived, but only if such waiver is in writing and signed by the
other party. Any failure to insist upon or enforce compliance with
any provision of this Agreement shall not operate as a waiver of,
or estoppel with respect to, any other or subsequent
failure.

 

 

6

 

 

23. Headings/Gender.
Descriptive headings are for convenience only and shall not affect
the meaning or construction of any provision of this Agreement.
Whenever the context of this Agreement shall so require, the
singular shall include the plural, the male gender shall include
the female gender and neuter and vice versa.

 

24. Notices.
Any notice required or permitted to be given under this Agreement
shall be sufficient if in writing and if hand delivered, sent by
Federal Express or comparable overnight carrier, or sent by
registered or certified U.S. Mail, return receipt requested, to
address for the applicable party set at the beginning of this
Agreement.

 

25. Entire
Understanding. This
Agreement constitutes the entire understanding between the parties
with respect to the subject matter of this Agreement and supersedes
any prior or contemporaneous discussions, representations, or
agreements, whether such representations or agreements were oral or
written or express or implied. This Agreement may not be amended or
modified except by a writing signed by both Employee and the
Company.

 

26. Interpretation.
This Agreement is the result of negotiations between the parties,
who were each given the opportunity to fully review this Agreement
and consult the services and advice of an attorney. This Agreement
shall not be construed more strictly against the Company simply
because it or its attorney was the party responsible for its
preparation. The provisions of this Agreement shall be construed as
an agreement independent of the other terms of employment with the
Company. A breach of any material provision of this Agreement
(including without limitation Section 9 through Section 13 shall be grounds for
immediate dismissal by the Company for cause. The existence of any
claim or cause of action by Employee against the Company shall not
constitute a defense to the enforcement by the Company of
Section
9 through
Section
13.

 

27. Assignment. The
rights and obligations of the Company under this Agreement shall
inure to the benefit of and be binding upon the successors and
assigns of the Company. The Company may assign its rights and
obligations under this Agreement to any corporation, limited
liability company or other entity which controls, is controlled by,
or is under common control with, the Company, without
Employee’s consent. In all other circumstances, the rights
and obligations of the Company under this Agreement may be assigned
with Employee’s consent (which shall not be unreasonably
conditioned, withheld or delayed). Employee’s obligation to
provide services hereunder may not be assigned to or assumed by any
other person or entity to any extent
whatsoever.

 

28. Counterparts.
This Agreement may be executed in any number of counterparts, each
of which counterpart will be deemed an original and each
counterpart shall be deemed one and the same instrument. An
executed facsimile of this Agreement shall be deemed an
original.

 

29. Waiver
of Jury Trial. Employee and
Company knowingly, voluntarily and intentionally waive any right
either may have to a trial by jury regarding any litigation based
hereon or arising out of, under or in connection with this
Agreement or any course of conduct, course of dealing, statements
(whether verbal or written), or actions of either party arising
under this Agreement. This provision is a material inducement for
Company entering into this Agreement.

 

[Signature Page Immediately Follows]

 

7

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS
TERMS AND CONDITIONS, THE UNDERSIGNED HAS EXECUTED THIS EMPLOYMENT
AGREEMENT EFFECTIVE AS OF THE DATE FIRST SET FORTH
ABOVE.

 

 

VIVI HOLDINGS, INC.

 

 

By:  

Eugenio
Santos

Director
of Human Resources

 

 

[Additional Signature Page Immediately Follows]

 

 

 

 

 

Signature Page to Employment Agreement

 

8

 

 

EMPLOYEE REPRESENTS AND WARRANTS TO COMPANY THAT EMPLOYEE HAS READ
THIS AGREEMENT AND HAD A FAIR OPPORTUNITY TO DISCUSS IT WITH AN
ATTORNEY REGARDLESS OF WHETHER EMPLOYEE ACTUALLY DID RETAIN AN
ATTORNEY. UPON A BREACH OF CERTAIN PROVISIONS OF THIS AGREEMENT,
EMPLOYEE UNDERSTANDS THAT THIS AGREEMENT GRANTS COMPANY, AMONG
OTHER THINGS, THE RIGHT TO OBTAIN AN INJUNCTION AGAINST EMPLOYEE,
PLUS RECOVER ITS COSTS AND DAMAGES.

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS
TERMS AND CONDITIONS, THE UNDERSIGNED HAVE EXECUTED THIS AGREEMENT
EFFECTIVE AS OF THE DATE FIRST SET FORTH ABOVE.

 

 

EMPLOYEE:

 

 

____________________________________

Lester
Bello

 

Address:

 

____________________________________

 

____________________________________

 

____________________________________

 

 

 

Signature Page to Employment Agreement

 

 

9Blueprint

 

 Exhibit 10.3

 

 EMPLOYMENT AGREEMENT

 

This
Employment Agreement (“Agreement”) is entered effective
as of the 1st day of October, 2018, between VIVI HOLDINGS, INC., a Delaware
corporation (the “Company”), whose address is 951
Yamato Road, Suite 101, Boca Raton, FL 33431 and Lucas Sodre, an
individual, whose
address is listed below his signature (“Employee”).

 

 

BACKGROUND

 

WHEREAS, the Company desires to hire the
Employee;

 

WHEREAS, Employee desires to be hired by
the Company and understands this Agreement and acknowledges that he
has been given a fair opportunity to discuss it with an
attorney.

 

NOW, THEREFORE, in consideration of the
representations, covenants and promises contained in this Agreement
and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and
Employee, each intending to be legally bound, agree as
follows:

 

TERMS

 

1. Background.
The Background statements set forth above are true and correct and
are incorporated into this Agreement.

 

2. Term of
Employment. The
Company hereby employs Employee as its Chief Technology Officer to
perform the duties described in Section 3 and Employee hereby
accepts such employment by the Company, on the terms and conditions
herein contained and subject to the policies and procedures adopted
by the Company from time to time, for a term of one year commencing
on October 1, 2018 (the “Term”).

 

3. Duties.

 

A. General Duties. As Chief
Technology Officer of the Company, Employee will have general
responsibility for the technology development and maintenance of
the Company and such other powers and duties customary to such
position. Employee shall perform her duties and obligations
hereunder diligently, faithfully and completely, and with
Employee’s application of her abilities, skills and judgment
and in accordance with ethical and professional standards. More
specifically as described in the Job Description
attached.

 

B. Additional Activities.
Employee agrees that during the Term
of this Agreement she shall not: (i) engage in other business
activities of any kind which would give rise to a conflict of
interest for Employee with respect to her duties and obligations to
the Company and under this Agreement, (ii) directly or indirectly,
engage in any activities which may damage the business of the
Company or which may adversely affect the goodwill, reputation or
business relations of the Company with its customers, the public
generally or with any of its other employees.

 

4. Compensation.
The Company shall pay Employee a base monthly salary of $7,500.00
(the “Compensation”).

 

(a) 

Bonus -
Employee will be eligible to participate in a bonus program
commensurate with employee’s performance and the
profitability of the Company should the Company Board of Directors
implement a bonus program. All determinations of the payment and
amounts of a bonus, if awarded, shall be at the sole discretion of
the Company’s Board of Directors, based upon the
recommendations given to the Board by the managers of the Company.
The Board may amend and change the bonus program at any time in its
sole discretion. In the event the Board of Directors implements a
bonus program, notwithstanding the Employee will be eligible to
participate, does not mean that any bonus award will necessarily be
granted to Employee. Any such bonus grant is completely at the
discretion of the Board of Directors.

 

(b) 

Equity Incentive
Plan. Employee will be eligible to participate in the 2018
Equity Incentive Plan (the “Plan”) should the Company Board of
Directors implement such a plan. All determinations of any award
under the Plan, if awarded, shall be at the sole discretion of the
Company’s Board of Directors. The Board may amend and change
the Plan at any time in its sole discretion. In the event the Board
of Directors implements a Plan, notwithstanding the Employee will
be eligible to participate, does not mean that any award under the
Plan will necessarily be granted to Employee. Any such Plan award
is completely at the discretion of the Board of
Directors.

 

5. Benefits.
During the Term, Employee shall have the ability to participate in
the benefits, adopted by the Company for its employees similarly
situated to Employee, such as health (the “Benefits”). The Employee shall be
entitled to take vacation days, and sick/personal days in each
calendar year as determined by Company policy.

 

 

1

 

 

6. Reimbursement of
Expenses.
During the Term, the Company may
reimburse Employee for all preapproved ordinary and necessary
business expenses, incurred by him in connection with the
performance of her responsibilities and duties hereunder.
Reimbursement of any such expenses subject to submission by
Employee to the Company of vouchers itemizing such expenses in a
form satisfactory to the Company, properly identifying the nature,
amount and business purpose of any such expenditure, in accordance
with the then current policies established by the
Manager.

 

7. Termination.

 

A. With Cause. This Agreement may
be terminated by the Company “for cause”, subject to
the cure period as specified below, in any of the following
circumstances:

 

(i) Employee commits
any act or acts of fraud, misappropriation or
dishonesty;

 

(ii) Employee
intentionally fails to perform or is negligent in the performance
of her duties or obligations or Employee violates any provision of
this Agreement, including, but not limited to, the restrictive
covenants;

 

(iii) Employee
violates any other agreement between the Company and Employee or
for the benefit of Company or otherwise fails to comply with the
standards, directions, policies and regulations of the
Company;

 

(iv) Employee
is convicted, pleads guilty to, or pleads no contest to a felony
crime or any crime involving dishonesty, fraud or violence in any
state or federal court within the United States; or

 

(v) Employee engages in
any illegal or inappropriate activity which, in the sole and
absolute discretion of the Company, is detrimental to the
reputation, goodwill or business operations of the Company or which
reflects adversely upon, or has an adverse impact on, the
Company.

 

The
Company agrees to provide the Employee with written notice of the
for cause circumstances and provide the Employee with a cure period
of 20 days to correct the deficiency as noted by the Company.
Should the Employee fail to cure the for cause deficiency within
said 20 day period, then a termination by the Company for cause
under this Section
7.A shall be
effective immediately after the expiration of the cure period set
forth in the foregoing sentence without further notice to
Employee.

 

B. Without Cause. The
Employee’s Term of employment may be terminated by the
Company for any reason or no reason, to be effective upon
thirty (30) days prior written
notice given by the Company to Employee.

C. Event of
Disability.                                            If,
during the Term, Employee shall be unable to perform the material
parts of Employee’s duties (a) for a period exceeding
ninety (90) consecutive
calendar days, or (b) for a total of one hundred eighty (180) non-consecutive
calendar days during any period of twelve (12) consecutive months,
by reason of illness or incapacity as determined by a physician
mutually acceptable to the Company and Employee (either referred to
herein as an “Event of
Disability”), the Employee’s Term of employment
may be terminated by the Company. A termination by the Company
under this Section
7.A shall be
effective immediately upon the date set forth in a written notice
of termination delivered by the Company to Employee.

 

D. Death. The Employee’s
Term of employment shall immediately terminate upon the date of the
death of Employee.

 

8. The
Party's Rights on Termination.

 

A. No Further Compensation. Upon
termination as set forth in Section 7, Employee shall not be
entitled to any further compensation or benefits.

 

B. Severance. No severance will be due under this
Agreement. However, Employee will be eligible for statutory
benefits under Florida labor law, if any.

 

C. Full Settlement. The payments
provided under this Agreement are in full settlement of any claims
Employee may have against the Company arising out of
Employee’s termination, including, but not limited to, any
claims for discrimination or wrongful discharge; provided, however,
any rights or obligations of the parties under any other agreement
or plan, such as any pension, stock option, shareholder or other
plan or agreement shall be governed by such other plan or
agreement.

 

9. Employee's Duty of
Loyalty and Fiduciary Obligations. Employee has a fiduciary
obligation to the Company, which requires Employee to exercise due
diligence and good faith in any dealings which may affect the
Company and to always act in the Company's best interests. During
the Term, Employee shall not engage in any transaction or other act
which could be detrimental to the Company, beneficial to any of the
Company's competitors, or which could otherwise constitute a
conflict of interest. During the Term, Employee shall devote
Employee’s efforts and ability on a full-time basis to the
Company. Employee shall not “freelance” or otherwise
sell any product or perform any service competitive with any
product or service offered by the Company, on a full time, part
time, or any other basis, other than for the Company. This shall
not apply to services performed by Employee, without compensation,
for any bona fide nonprofit, charitable, civic, religious, or
community organization so long as such services do not constitute a
conflict of interest or violate other provisions of this
Agreement.

 

 

2

 

 

10. Representations of
Employee. Employee represents and warrants to the Company
that he is not subject to any restriction or non-competition
covenant in favor of a former employer or any other person or
entity, and that the execution of this Agreement by Employee and
her provision of services to
the Company and the performance of her obligations hereunder will
not violate or be a breach of any agreement with a former employer
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
have against the Company based upon any noncompetition agreement,
invention or secrecy agreement between Employee and such third
party.

 

11. Covenant Not to
Solicit or Compete.

 

A. No
Solicitation. The Employee
shall not, during the Employment Term and the twenty four (24)
month period following the Employment Term (the
“Restriction
Period”) directly or
indirectly, solicit, entice, persuade, induce or cause any
employee, officer, manager, director, consultant, agent or
independent contractor of the Company to terminate his, her or its
employment, consultancy or other engagement by the Company to
become employed by or engaged by any individual, entity,
corporation, partnership, association, or other organization
(collectively, “Person”) other than the Company, or approach any
such employee, officer, manager, director, consultant, agent or
independent contractor for any of the foregoing purposes, or
authorize or assist in the taking of any of such actions by any
Person.

 

B. Prohibited
Actions. The Employee shall
not, during the Restriction Period, directly or indirectly,
solicit, entice, persuade, induce or cause:

 

1. any
Person who either was a customer of the Company at any time during
the Employment Term or is a customer of the Company at any time
during the Restriction Period; or

 

2. any
lessee, vendor or supplier to, or any other Person who had or has a
business relationship with, the Company at any time during the
Employment Term or the Restriction Period;

 

(the
Persons referred to in items (i) and (ii) above, collectively, the
“Prohibited
Persons”) to enter into a business relationship with
any other Person for the same or similar services, activities or
goods that any such Prohibited Person purchased from, was engaged
in with or provided to, the Company or to reduce or terminate such
Prohibited Person’s business relationship with the Company;
and the Employee shall not, directly or indirectly, approach any
such Prohibited Person for any such purpose, or authorize or assist
in the taking of any of such actions by any Person.

 

C. Terms.
For purposes of this Section
11, the terms
“employee”, “consultant”,
“agent”, and “independent contractor” shall
include any Persons with such status at any time during the three
(3) months preceding any solicitation in
question.

 

D. Referrals.
Nothing in this Section 11
shall be interpreted as prohibiting
the Employee from referring business to a consultant, agent,
lessee, vendor or supplier of the Company so long as the
consultancy or other engagement with the Company is not adversely
affected thereby.

 

E. Non-Competition.
Except as otherwise provided in this Agreement, the Employee shall
not, anywhere within the Restricted
Territory, as hereinafter
defined, directly or indirectly, alone or in association with any
other Person, directly or indirectly, (i) acquire, or own in any
manner, any interest in any Person that engages in the Business or
that engages in any business, activity or enterprise that competes
with any aspect of the Business, or (ii) be interested in (whether
as an owner, director, officer, partner, member, lender,
shareholder, vendor, consultant, employee, advisor, agent,
independent contractor or otherwise), or otherwise participate in
the management or operation of, any Person that engages in any
business, activity or enterprise that competes with any aspect of
the Business. For purposes hereof, Restricted Territory shall mean
the World.

 

12. Protection
of Confidential Information.
The Employee acknowledges that prior to the Employment Date the
Employee has had access to, and during the course of the
Employee’s employment hereunder will have access to,
significant Confidential Information (defined below). During the
Restriction Period, (i) the Employee shall maintain all
Confidential Information in strict confidence and shall not
disclose any Confidential Information to any other Person, except
as necessary in connection with the performance of the
Employee’s duties and obligations under this Agreement, or as
the Employee may be compelled to disclose by law and (ii) the
Employee shall not use any Confidential Information for any purpose
whatsoever except in connection with the performance of the
Employee’s duties and obligations under this
Agreement.

 

For
purposes of this Agreement, “Confidential Information” shall
mean any and all information pertaining to the Company and the
Business, whether such information is in written form or
communicated orally, visually or otherwise, that is proprietary,
non-public or relates to any trade secret, including, but not
limited to, (i) information, observations and data obtained by the
Employee while employed by the Company concerning the Business,
(ii) products or services, (iii) fees, costs and pricing
structures, (iv) designs, (v) analyses, (vi) drawings, photographs
and reports, (vii) computer software, including operating systems,
applications and program listings, (viii) flow charts, manuals and
documentation, (ix) data bases, (x) accounting and business
methods, (xi) inventions, devices, new developments, methods and
processes, whether patentable or unpatentable and whether or not
reduced to practice, (xii) customers, suppliers, clients and
customer, supplier and client lists, (xiii) other copyrightable
works, (xiv) marketing plans and trade secrets, and (xv) all
similar and related information in whatever form. Notwithstanding
the foregoing, “Confidential Information” shall not
include information that (i) is or becomes generally available to,
or known by, the public through no fault of the Employee, or (ii)
is independently acquired or developed by the Employee without
violating any of her
obligations under this Agreement.

 

 

3

 

 

13. Inventions.
The Employee shall disclose promptly to the Company any and all
conceptions and ideas for inventions, improvements, and valuable
discoveries, whether patentable or not, which are conceived or made
by the Employee solely or jointly with another during the period of
employment or within one (1) year thereafter and which are related
to the business or activities of the Company. The Employee hereby
assigns and agrees to assign all her interest therein to Company or
its nominee. Whenever requested by the Company, the Employee shall
execute any and all applications, assigns or other instruments that
the Company shall deem necessary to apply for and obtain Letters of
Patents of the United States or any foreign country or to otherwise
protect the Company’s interest therein. These obligations
shall continue beyond termination of employment with respect to
inventions, improvements and valuable discoveries, whether
patentable or not, conceived, made or acquired by the Employee
during the period of employment or within one year thereafter, and
shall be binding upon the Employee’s heirs, assigns,
executors, administrators and other legal
representatives.

 

14. Return
of Property. All
correspondence, reports, charts, products, records, designs,
patents, plans, manuals, sales and marketing material, memorandum,
advertising materials, customer lists, distributor lists, vendor
lists, telephones, beepers, portable computers, and any other such
data, information or property collected by or delivered to the
Employee by or on behalf of the Company, their representatives,
customers, suppliers or others and all other materials compiled by
the Employee which pertain to the business of the Company shall be
and shall remain the property of the Company and shall be delivered
to the Company promptly upon its request at any time and without
respect upon completion or other termination of the
Employee’s employment hereunder for any
reason.

 

15. Representations
of the Employee. The Employee
represents and warrants to the Company that he is not subject to
any restriction or non-competition covenant in favor of a former
employer or any other person or entity, and that the execution of
this Agreement by the Employee and her provision of services to the
Company and the performance of her obligations hereunder will not
violate or be a breach of any agreement with a former employer or
any other person or entity. Further, the 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
have against the Company based upon any noncompetition agreement,
invention or secrecy agreement between the Employee and such third
party.

 

16. Certain
Additional Agreements.

 

A. Legitimate
Interest. The Employee agrees
that it is a legitimate interest of the Company and reasonable and
necessary for the protection of the goodwill and business of the
Company, which are valuable to the Company, that the Employee make
the covenants contained in Sections 11, 12, 13,
14 and 15 (the
“Selected
Covenants”).

 

B. Fair
and Reasonable. The parties
acknowledge that (i) the type and periods of restriction imposed in
the Selected Covenants are fair and reasonable and are reasonably
required to protect and maintain the proprietary and other
legitimate business interests of the Company, as well as the
goodwill associated with the Business conducted by the Company,
(ii) the Business conducted by the Company extends throughout the
United States, and (iii) the time, scope, geographic area and other
provisions of the Selected Covenants have been specifically
negotiated by sophisticated commercial parties represented by
experienced legal counsel.

 

C. Illegality.
In the event that any covenant contained in this Agreement,
including, without limitation, any of the Selected Covenants shall
be determined by any court of competent jurisdiction to be illegal,
invalid or unenforceable by reason of its extending for too great a
period of time or over too great a geographical area or by reason
of its being too extensive in any other respect, (i) such covenant
shall be interpreted to extend over the maximum period of time for
which it may be legal, valid and enforceable, as applicable, and/or
over the maximum geographical area as to which it may be legal,
valid and enforceable, as applicable, and/or to the maximum extent
in all other respects as to which it may be legal, valid and
enforceable, as applicable, all as determined by such court making
such determination, and (ii) in its reduced form, such covenant
shall then be legal, valid and enforceable, as applicable, but such
reduced form of covenant shall only apply with respect to the
operation of such covenant in the particular jurisdiction in or for
which such adjudication is made. It is the intention of the parties
that such covenants shall be enforceable to the maximum extent
permitted by applicable law.

 

17. Specific
Performance. The Employee
acknowledges that any breach or threatened breach of the covenants
contained in the Selected Covenants will cause the Company material
and irreparable damage, the exact amount of which will be difficult
to ascertain and that the remedies at law for any such breach or
threatened breach will be inadequate. Accordingly, the Employee
agrees that the Company shall, in addition to all other available
rights and remedies (including, but not limited to, seeking such
damages as either of them can show it has sustained by reason of
such breach), be entitled to specific performance and injunctive
relief in respect of any breach or threatened breach of any of the
Selected Covenants, without being required to post bond or other
security and without having to prove the inadequacy of the
available remedies at law or irreparable harm.

 

A.
Notwithstanding anything to the contrary in this Agreement to the
contrary, in the event the Company is declared to have been in
material default of this Agreement by final arbitration in a forum
selected by the parties or final adjudication in any court, Section
11 of this Agreement shall terminate and not be operative for any
period of time thereafter.

 

18. Survivability of
Provisions. The
provisions of Section
11 through Section
17 of this Agreement shall survive the termination of this
Agreement by either party, and shall apply to any other services
provided by Employee whether as an independent contractor and/or
through an agency relationship with the Company.

 

19. Jurisdiction,
Venue, Governing Law. Personal jurisdiction over the parties
may be properly exercised, and exclusive venue for any action
arising out of or related to this Agreement shall be in the state
and federal courts of Palm
Beach County, Florida. Florida law shall govern the
validity, construction, enforcement of, and all other matters
relating to this Agreement, including the remedies available for
its breach.

 

20. Severability.
If a court of competent jurisdiction determines that any provision
of this Agreement is too broad or extensive to permit enforcement
to its full extent, then any such provision shall be enforced to
the maximum extent permitted by Florida law. A judicial
determination regarding the invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or
enforceability of the remaining provisions of this Agreement, which
shall continue to be given full force and effect.

 

 

4

 

 

21. Attorneys'
Fees. In the event of
legal proceedings arising from a breach or threatened breach of
this Agreement, including any of the representations, warranties,
covenants or promises contained in this Agreement, the prevailing
party shall be entitled to recover, in addition to any other
remedy, its fees and costs including, but not limited to fees and
costs of attorneys, investigators, experts and paralegals and costs
pre-litigation, appeal, bankruptcy, and collection.

 

22. Miscellaneous.
This Agreement shall be binding upon and inure to the benefit of
the parties and their respective successors, assigns, and legal
representatives; provided, however, that the rights, duties, and
obligations of Employee under this Agreement are personal and
cannot be delegated, assigned, or otherwise transferred by Employee
without the prior written consent of the Company. Any failure by
either party to comply with any provision of this Agreement may be
waived, but only if such waiver is in writing and signed by the
other party. Any failure to insist upon or enforce compliance with
any provision of this Agreement shall not operate as a waiver of,
or estoppel with respect to, any other or subsequent
failure.

 

23. Headings/Gender.
Descriptive headings are for convenience only and shall not affect
the meaning or construction of any provision of this Agreement.
Whenever the context of this Agreement shall so require, the
singular shall include the plural, the male gender shall include
the female gender and neuter and vice versa.

 

24. Notices.
Any notice required or permitted to be given under this Agreement
shall be sufficient if in writing and if hand delivered, sent by
Federal Express or comparable overnight carrier, or sent by
registered or certified U.S. Mail, return receipt requested, to
address for the applicable party set at the beginning of this
Agreement.

 

25. Entire
Understanding. This
Agreement constitutes the entire understanding between the parties
with respect to the subject matter of this Agreement and supersedes
any prior or contemporaneous discussions, representations, or
agreements, whether such representations or agreements were oral or
written or express or implied. This Agreement may not be amended or
modified except by a writing signed by both Employee and the
Company.

 

26. Interpretation.
This Agreement is the result of negotiations between the parties,
who were each given the opportunity to fully review this Agreement
and consult the services and advice of an attorney. This Agreement
shall not be construed more strictly against the Company simply
because it or its attorney was the party responsible for its
preparation. The provisions of this Agreement shall be construed as
an agreement independent of the other terms of employment with the
Company. A breach of any material provision of this Agreement
(including without limitation Section 9 through Section 13 shall be grounds for
immediate dismissal by the Company for cause. The existence of any
claim or cause of action by Employee against the Company shall not
constitute a defense to the enforcement by the Company of
Section
9 through
Section
13.

 

27. Assignment. The
rights and obligations of the Company under this Agreement shall
inure to the benefit of and be binding upon the successors and
assigns of the Company. The Company may assign its rights and
obligations under this Agreement to any corporation, limited
liability company or other entity which controls, is controlled by,
or is under common control with, the Company, without
Employee’s consent. In all other circumstances, the rights
and obligations of the Company under this Agreement may be assigned
with Employee’s consent (which shall not be unreasonably
conditioned, withheld or delayed). Employee’s obligation to
provide services hereunder may not be assigned to or assumed by any
other person or entity to any extent
whatsoever.

 

28. Counterparts.
This Agreement may be executed in any number of counterparts, each
of which counterpart will be deemed an original and each
counterpart shall be deemed one and the same instrument. An
executed facsimile of this Agreement shall be deemed an
original.

 

29. Waiver
of Jury Trial. Employee and
Company knowingly, voluntarily and intentionally waive any right
either may have to a trial by jury regarding any litigation based
hereon or arising out of, under or in connection with this
Agreement or any course of conduct, course of dealing, statements
(whether verbal or written), or actions of either party arising
under this Agreement. This provision is a material inducement for
Company entering into this Agreement.

 

[Signature Page Immediately Follows]

 

5

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS
TERMS AND CONDITIONS, THE UNDERSIGNED HAS EXECUTED THIS EMPLOYMENT
AGREEMENT EFFECTIVE AS OF THE DATE FIRST SET FORTH
ABOVE.

 

 

VIVI HOLDINGS, INC.

 

 

By: 

Eugenio
Santos

Director
of Human Resources

 

 

[Additional Signature Page Immediately Follows]

 

 

 

 

Signature Page to Employment Agreement

 

 

6

 

 

EMPLOYEE REPRESENTS AND WARRANTS TO COMPANY THAT EMPLOYEE HAS READ
THIS AGREEMENT AND HAD A FAIR OPPORTUNITY TO DISCUSS IT WITH AN
ATTORNEY REGARDLESS OF WHETHER EMPLOYEE ACTUALLY DID RETAIN AN
ATTORNEY. UPON A BREACH OF CERTAIN PROVISIONS OF THIS AGREEMENT,
EMPLOYEE UNDERSTANDS THAT THIS AGREEMENT GRANTS COMPANY, AMONG
OTHER THINGS, THE RIGHT TO OBTAIN AN INJUNCTION AGAINST EMPLOYEE,
PLUS RECOVER ITS COSTS AND DAMAGES.

 

HAVING READ THIS AGREEMENT AND INTENDING TO BE LEGALLY BOUND BY ITS
TERMS AND CONDITIONS, THE UNDERSIGNED HAVE EXECUTED THIS AGREEMENT
EFFECTIVE AS OF THE DATE FIRST SET FORTH ABOVE.

 

 

EMPLOYEE:

 

 

____________________________________

Lucas
Sodre

 

Address:

 

____________________________________

 

____________________________________

 

____________________________________

 

 

 

Signature Page to Employment Agreement

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]