SEC Contract Filing

Filing Date: 2016-01-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>s102444_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit 10.4</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>EMPLOYMENT
AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Employment Agreement (&ldquo;<B>Agreement</B>&rdquo;) is entered into on December 31, 2015, (the &ldquo;<B>Effective Date</B>&rdquo;)
by and between GCT Lobos Operations, LLC, a California limited liability company (the &ldquo;<B>Company</B>&rdquo;), and DJ Wolf,
an individual (the &ldquo;<B>Employee</B>&rdquo;). Each of the Company and the Employee may be referred to herein as &ldquo;<B>Party</B>&rdquo;
and collectively as the &ldquo;<B>Parties</B>.&rdquo;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of the mutual covenants set forth below, the Parties agree as follows:</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>ARTICLE
1. DUTIES AND SCOPE OF EMPLOYMENT</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employment.</B> Employee shall be employed by the Company for
a term of twenty-four (24) months, commencing on the Effective Date (the &ldquo;<B>Employment</B> <B>Term</B>&rdquo;). The date
on which Employee&rsquo;s employment under this Agreement terminates is referred to herein as the &ldquo;<B>Termination Date</B>.&rdquo;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duties and Services.</B> During the Employment Term, Employee
shall serve as the Company&rsquo;s Vice President of Operations, reporting directly to the Company&rsquo;s Chief Operating Officer
/ Executive Chef. Employee&rsquo;s duties and services will be consistent with Employee&rsquo;s title, position and stature with
the Company, subject to the direction of the Company&rsquo;s Board, or a committee thereof. Employee will devote his reasonable
best efforts and substantially all of his business time and attention (except for vacation periods and reasonable periods of illness
or other incapacity) to the provision of duties and services under this Agreement and shall perform such duties and services to
the best of his abilities in a diligent, trustworthy, businesslike and efficient manner. Employee agrees, during the Employment
Term, not to actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration
without prior approval of the Board; <I>provided, however</I>, that Employee shall be permitted to serve in any capacity with
any civic, educational or charitable organization.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
2. SALARY AND BENEFITS</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salary.</B> During the Employment Term, the Company will
pay Employee, as compensation for his services, a salary of One Hundred Thousand Dollars ($100,000) per year (the &ldquo;<B>Salary</B>&rdquo;),
payable in accordance with the Co