SEC Contract Filing

Filing Date: 2020-06-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2021667d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EMPLOYMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS EMPLOYMENT AGREEMENT (this
 &ldquo;Agreement&rdquo;) is made as of April 8, 2020, between 22nd Century Group, Inc., a Nevada corporation with its office located
at 8560 Main Street, Suite 4, Williamsville, New York 14221 (the &ldquo;Company&rdquo;), and John Franzino, an individual residing
at 82 Roe Ave, Highland Falls, New York 10928 (the &ldquo;Employee&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMPLOYMENT DUTIES
AND RESPONSIBILITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1&#9;<U>Position and Title</U>. The Company hereby
agrees to employ the Employee in the position(s) described on Addendum A attached hereto and the Employee hereby accepts such
position(s) and agrees to serve the Company, including Company Affiliates (as defined below), in such capacity until this Agreement
expires as set forth in Addendum A or this Agreement is earlier terminated by one of the parties in accordance with the terms
set forth in Section 4 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2&#9;<U>Company Policies and Procedures</U>. The
Employee agrees to materially abide by all applicable policies and procedures of the Company and its Affiliates (as defined below)
for which notice of the policy or procedure has been given in writing by Company and acknowledgement of receipt has been given
in writing by Employee, and Employee agrees to perform job duties to the best of his/her ability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.3&#9;<U>Attention</U>. During the term of this
Agreement, excluding any periods of paid time off to which Employee is entitled, Employee agrees (i) to devote Employee&rsquo;s
full time, ability and attention to the business of the Company and its Affiliates (as defined below), during normal working hours,
and (ii) not to acquire, hold or retain, whether directly or indirectly, more than a one percent (1%) passive investment interest
in any business competing with or similar in nature to the business of the Company or any of its Affiliates. For purposes of this
Agreement, &ldquo;Affiliates&rdquo; shall mean any person or entity that, directly or indirectly through one or more intermediaries,
controls or is controlled by, or is under the common control of, the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TERM OF EMPLOYMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0; text-indent: 0.5in">2.1&#9;<U>Effective Date</U>. The Effective Date
of this Agreement shall be April 30, 2020.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2&#9;<U>Term</U>. The initial term of this
Agreement shall be set forth on Addendum A hereto, and the Company agrees to employ the Employee and the Employee hereby
agrees to serve the Company until this Agreement is terminated by one of the parties in accordance with the terms set forth
in Section 4 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#9;3.1&#9;<U>Base
Salary</U>. During the Term of this Agreement the Company shall pay to Employee, and Employee shall accept from the Company,
a bi-weekly base salary in the amount set forth on Addendum A attached hereto (the &ldquo;Base Salary&rdquo;), payable on the
Company&rsquo;s standard pay schedule, provided that the Employee has been in active service during the specified pay period.
Employee&rsquo;s Base Salary may not be decreased at any time during this Agreement without the express written consent of
the Employee. The Base Salary will be increased as set forth in Addendum A hereto, as well as in such other amounts as the
Company may determine in its sole discretion from time to time, but nothing herein shall be deemed to require any such
increase other than as set forth in Addendum A hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-ind