SEC Contract Filing

Filing Date: 2017-03-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT
<TEXT>
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Exhibit 10.1</font><br></font></div>
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EXECUTIVE EMPLOYMENT AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
<font style="font-weight: bold">Employment Agreement</font> (this
&#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is made as of
the 16<font style="font-size: 70%; vertical-align: top">th</font>
day of March, 2017, by and between Exactus Inc (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) and Kelley
Wendt (the &#x201C;<font style="text-decoration: underline">Employee</font>&#x201D;) and in light
of the following circumstances:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, Employee has provided
consulting services to Company as an independent financial advisor
pursuant to the terms of a &#x201C;Financial Consulting Services
Agreement&#x201D; (the &#x201C;FCS Agreement&#x201D;);</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, it was and is the intent of the
parties that the term of Employee&#x2019;s services under the FCS
Agreement would expire as of January 27, 2017; and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, Employee became a full time
employee of the Company effective as of February 1, 2017 (the
&#x201C;<font style="text-decoration: underline">Effective
Date</font>&#x201D;); and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, Company desires to employ
Employee under the terms and conditions set forth in this Agreement
and the Employee desires to be so employed by the
Company;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">NOW, THEREFORE,</font> in consideration of the
mutual covenants and agreements herein set forth, and other good
and valuable consideration the sufficiency and receipt of which is
hereby acknowledged, the parties covenant and agree as
follows:</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Employment.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Company agrees to employ Employee, and Employee hereby accepts
employment with the Company, upon the terms and conditions set
forth in this Agreement for the period