SEC Contract Filing

Filing Date: 2025-06-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>12
<FILENAME>ef20049660_ex10-11.htm
<DESCRIPTION>EXHIBIT 10.11
<TEXT>
<html>
 <head>
 <title></title>
 <!-- Licensed to: Broadridge Financial Solutions, Inc.
 Document created using Broadridge PROfile 25.5.1.5318
 Copyright 1995 - 2025 Broadridge -->
 </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
 <!--PROfilePageNumberReset%Num%1%%%-->
 <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
 <div>
 <div style="text-align: right; font-weight: bold;">Exhibit 10.11<br>
 </div>
 <div>&#160;</div>
 <div style="text-align: center; font-weight: bold;">XCF GLOBAL CAPITAL, INC. </div>
 <div style="text-align: center; font-weight: bold;"> <br>
 </div>
 <div style="text-align: center; font-weight: bold;">EMPLOYMENT AGREEMENT</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt; margin-right: 8.7pt; margin-left: 5.6pt;">This Employment Agreement is made by and between XCF Global Capital, Inc. (together with its successors and assigns, the &#8220;Company&#8221;) and Pamela Abowd
 (&#8220;Executive&#8221;) (the Company and Executive are collectively referred to herein as the &#8220;Parties,&#8221; or each individually referred to as a &#8220;Party&#8221;), and amends, supersedes and replaces previous terms and conditions, if any, previously entered into between
 the Company and Executive. This Employment Agreement (the &#8220;Agreement&#8221;) is entered into as of April 16, 2025 (the &#8220;Start Date&#8221;).</div>
 <div style="font-size: 12pt; margin-left: 45pt;"><font style="font-size: 10pt;"> <br>
 </font></div>
 <div style="font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt;">1</font>.&#160; &#160; &#160; <font style="font-size: 10pt;"><u>Duties and Scope of Employment</u>.</font></div>
 <div><br>
 </div>
 <div style="text-align: justify; text-indent: 27pt; margin-left: 45pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Position; Agreement Commencement Date; Duties</u>. Executive&#8217;s coverage under this Agreement shall commence upon the date this Agreement has been signed by both
 Parties hereto (the &#8220;Agreement Commencement Date&#8221;). Following the Agreement Commencement Date, Executive shall serve as Chief Accounting Officer (&#8220;CAO&#8221;) of the Company reporting to the Chief Financial Officer of the Company (the &#8220;CFO&#8221;). The period of
 Executive&#8217;s employment hereunder is referred to herein as the &#8220;Employment Term.&#8221; During the Employment Term, Executive shall render such business and professional services in the performance of her duties, consistent with Executive&#8217;s position within
 the Company, as shall reasonably be assigned to him by the CFO, including duties for any Company subsidiary or affiliate.</div>
 <div><br>
 </div>
 <div style="text-align: justify; text-indent: 27pt; margin-left: 45pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>Obligations</u>. During the Employment Term, Executive shall devote such of her time and business efforts as may be necessary for him to perform the obligations
 as assigned by the Board and commensurate with her position. Executive agrees, during the Employment Term, not to actively engage in any other employment, or occupation for any direct or indirect remuneration competitive with the business of the
 Company without the prior approval of the Board. Executive may also serve in any capacity with any civic, educational or charitable organization, or as a member of corporate boards of directors or committees thereof, without the approval of the
 Board, unless such service involves a conflict of interest with the Company&#8217;s business. The Parties agree that such service on the External Boards does not conflict in any way with Executive&#8217;s obligations under this Agreement and does not involve a
 conflict of interest with the Company&#8217;s business.</div>
 <div><br>
 </div>
 <div style="text-align: justify; text-indent: 27pt; margin-left: 45pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Employee Benefits</u>. During the Employment Term, Executive shall be eligible to participate in the employee benefit plans maintained by the Company that are
 applicable to other senior management to the fullest extent provided for under those plans, including, at a minimum, eighty percent (80%) of health insurance premiums to be paid by the Company, life insurance equal to double Executive&#8217;s Base Salary
 not to exceed $1 million (as defined below), a phone subsidy based on Executive&#8217;s actual and reasonable bill incurred each month, a $3,500 annual fitness and wellness subsidy, a three percent (3%) automatic 401(k) match; 100% match on Executive&#8217;s
 first 3% of contributions, a $9,960 annual car allowance, and relocation benefits if Executive is required to relocate at the Company&#8217;s request. Executive agrees to cooperate in all reasonable respects with such plans, including without limitation,
 complying with all medical testing, reporting and application requirements for obtaining and/or maintaining any policy of life or disability insurance owned by the Company. Further, if applicable, the Company shall reimburse Executive for all medical
 and dental co-payments and deductibles that Executive incurs which are not covered under Executive&#8217;s Medicare coverage. Executive acknowledges and agrees that the inclusion of this Section 2(c) does not obligate the Company to implement or maintain
 any employee benefit plans unless and until the Business Combination has been consummated.</div>
 <div style="text-align: justify; text-indent: 27pt; margin-left: 45pt;"> <br>
 </div>
 <div> </div>
 <div></div>
 <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin