SEC Contract Filing

Filing Date: 2018-02-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>7
<FILENAME>probility_8k-ex1004.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>EXHIBIT 10.4</B></P>

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">EMPLOYMENT AGREEMENT,
dated as of January 18, 2018, between <B>PROBILITY MEDIA CORPORATION, </B>a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;),
and <B>COLEMAN THARPE </B>(the &ldquo;<U>Executive</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>W
I T N E S S E T H</U>:</B></FONT></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Company desires to retain the services of the Executive and to that end desires to enter into a contract of employment with
him, upon the terms and conditions herein set forth; and</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Executive desires to be employed by the Company upon such terms and conditions;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and of the mutual benefits and covenants contained herein, the parties hereto, intending to be
bound, hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>APPOINTMENT
AND TERM</U></B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to the
terms hereof, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company, all in accordance
with the terms and conditions set forth herein, for a period of three years (the &ldquo;<U>Initial Term</U>&rdquo;) commencing
on the date (the &ldquo;<U>Commencement Date</U>&rdquo;) of the closing of the stock purchase contemplated by the Stock Purchase
Agreement, dated as of January 18, 2018 (the &ldquo;<U>Purchase Agreement</U>&rdquo;), by and among the Company, Disco Learning
Media, Inc., a Texas corporation (&ldquo;<U>Disco Learning Media</U>&rdquo;), and the stockholders of Disco Learning Media listed
on the signature page thereto, and ending on the third anniversary of such date. After the Initial Term, this Agreement shall automatically
renew for successive one-year terms under the same terms and conditions set forth herein, unless: (a) the Agreement is earlier
terminated or amended as provided herein, or (b) the Company or the Executive gives written notice of non-renewal at least 60 days
prior to the end of the Initial Term or any renewal term of this Agreement. If the Company gives notice later than 60 days prior
to the end of the Initial Term or any renewal term of this Agreement after the Initial Term, then the Executive shall have the
choice of (1) extending the term of this Agreement until a date which is 60 days after the date such notice is given, or (2) determining
that the term of the Agreement shall only run through the end of the Initial Term or any renewal term of this Agreement, whichever
is applicable. If the Company gives notice pursuant to clause (b) of this paragraph, the Executive will notify the Company within
30 days of whether he is electing (1) or (2) above. If the Company gives notice of non-renewal, the Executive may seek alternative
employment while still being employed by the Company. The Executive shall hold the position set forth on <U>Annex A</U> hereto.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>DUTIES</U></B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Executive shall, unless prevented by incapacity, devote all of his business time, attention and ability during normal corporate
office business hours to the discharge of his duties hereunder and to the faithful and diligent performance of such duties and
the exercise of such powers