SEC Contract Filing

Filing Date: 2017-01-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>rsfm0124form8kexh10_4.htm
<DESCRIPTION>EXHIBIT 10.4
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

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

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center">EMPLOYMENT AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">THIS EMPLOYMENT
AGREEMENT (the &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of January 1, 2017, by and between Rancho Santa Fe
Mining, Inc., a Nevada corporation with its principal place of business located at 500 Rainbow Blvd, Suite
300, Las Vegas, NV 89107 (the &ldquo;<U>Company</U>&rdquo;), and Jeffrey Hallman, an individual and resident of the State of
California (&ldquo;<U>Employee</U>&rdquo; and together with the Company, the &ldquo;<U>Parties</U>&rdquo; and each, a
&ldquo;<U>Party</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">RECITALS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">A.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
</FONT>The Company wishes to employ Employee because Employee possesses certain knowledge and skills relating to the Company&rsquo;s
business, structure and operations that the Company wishes to retain for the development and success of the Company&rsquo;s business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">B.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
</FONT>The Company wishes to employ Employee, and Employee wishes to be employed by the Company, on the terms and conditions contained
herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
in consideration of the premises set forth above and for other good and valuable consideration mutually exchanged by the Parties,
the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif"> &nbsp;
</FONT><U>Employment; Duties</U>. The Company hereby employs Employee, and Employee hereby accepts employment, subject to the terms
and conditions set forth in this Agreement. As an employee of the Company, Employee shall have such duties, responsibilities and
authority as are commensurate and consistent with such position and as may, from time to time, be assigned to him by the executive
officers (the &ldquo;<U>Officers</U>&rdquo;) and/or the board of directors (the &ldquo;<U>Board</U>&rdquo;) of the Company. During
the Term (as defined herein), Employee shall devote his full business time and efforts to the performance of his duties hereunder,
unless otherwise explicitly authorized by the Board. Notwithstanding the foregoing, the expenditure of reasonable amounts of time
by Employee for the making of passive personal investments, the conduct of private business affairs, and charitable activities
shall be allowed, <I>provided</I> that such activities do not materially interfere with the services required to be rendered to
the Company hereunder and do not violate the restrictive covenants set forth herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif"> &nbsp;
</FONT><U>Term of Employment</U>. The term of Employee&rsquo;s employment hereunder, unless sooner terminated as provided herein
(the &ldquo;<U>Initial Term</U>&rdquo;), shall be for a period of one (1) year, having commenced on January 1, 2017 (the &ldquo;<U>Commencement
Date</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif"> &nbsp;
</FONT><U>Compensation of Employee</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
</FONT><U>Base Salary.</U> Beginning on the Effective Date, the Company agrees to pay the Employee a base salary at the monthly
rate of Five Thousand Dollars ($5,000). All salary or other compensation payable to the Employee shall be subject to the customary
withholding, FICA, medical and other tax and other employment taxes and deductions as required by federal, state and local law
with respect to compensation paid by an employer to an employee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
</FONT><U>Expenses</U>. Pursuant to the Company&rsquo;s customary policies in force at the time of payment, Employee shall be promptly
reimbursed, against presentation of vouchers or receipts therefor, for all expenses properly and reasonably incurred by Employee
on behalf of the Company in the performance of Employee&rsquo;s duties hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
</FONT><U>Benefits</U>. Employe