SEC Contract Filing

Filing Date: 2018-05-21

Document Content:
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<TYPE>EX-10
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<FILENAME>ex1039.htm
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<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Exhibit 10.1</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS EMPLOYMENT AGREEMENT (this &ldquo;Agreement&rdquo;)
with an effective date of May 10, 2018 (the &ldquo;Effective Date&rdquo;) and signed May 15, 2018 (the &ldquo;Execution Date&rdquo;),
is by and between Greenway Technologies Inc., a Texas corporation (together with its subsidiaries, the &ldquo;Company&rdquo;),
and John Olynick, an individual residing in Fairfield, Connecticut (the &ldquo;Employee&rdquo;).</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">WHEREAS, the Company and the Employee desire
for Employee to serve the Company as its President; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">WHEREAS, the parties desire to provide that
the Employee be employed by the Company under the terms of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOW THEREFORE in consideration of the mutual
benefits to be derived from this Agreement, the Company and the Employee hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term of Employment;
Office and Duties.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a) Commencing on the Effective
Date of this Agreement and for an initial one (1) year term, the Company shall employ the Employee as the chief executive of the
Company with the title of President, with the duties and responsibilities prescribed to such office in the Bylaws of the Company
and with such additional duties and responsibilities consistent with such positions as may from time to time be reasonably assigned
to the Employee by the Board of Directors. Employee agrees to perform such duties and discharge such responsibilities in accordance
with the terms of this Agreement. This Agreement shall automatically renew for successive additional one (1) terms, unless terminated
earlier under Section 4, or unless either the Company or the Employee (collectively the &ldquo;Parties&rdquo; or individually the
&ldquo;Party&rdquo;) gives the other Party written advance notice of an intent not to renew the Agreement at least sixty (60) days
prior to its expiration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b) The Employee shall
devote substantially all of his working time to the business and affairs of the Company other than during vacations and periods
of illness or incapacity; provided, however, that nothing in this Agreement shall preclude the Employee from devoting time required:
(i) for serving as a director or officer of any organization or entity that does not compete with the Company or any other businesses
in which the Company is directly involved or becomes involved as a function of Employee&rsquo;s duties; (ii) delivering lectures
or fulfilling speaking engagements; or (iii) engaging in charitable and community activities, including sitting on any Boards of
Directors and/or committees of such organizations related to such activities; provided, however, that such activities do not interfere
with the performance of his duties hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c) The Employee&rsquo;s
consulting agreement with the Company as a Business Development Consultant shall terminate upon the Employee&rsquo;s entering into
this Employment Agreement. All prior approved accrued and unpaid compensation, along with any prior approved and unreimbursed business
expenses from the Employee&rsquo;s previous consulting role will be due and payable as described in such consulting agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation and
Benefits.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For all services rendered by the Employee in
any capacity during the period of Employee&rsquo;s employment by the Company, including without limitation, services as an executive
officer or member of any committee of the Board of Directors or any subsidiary, affiliate or division th