SEC Contract Filing

Filing Date: 2015-03-30

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>exh10_17.htm
<DESCRIPTION>EXHIBIT 10.17
<TEXT>
<html>
<body>

<p><br />
EMPLOYMENT AGREEMENT<br />
<br />
<br />
This EMPLOYMENT AGREEMENT, dated the 7th day of January 2013, is by and between
Data Call Technologies Corp., a Nevada corporation, having its principal place
of business at 600 Kenrick, Suite B-12, Houston, TX 77060 (the "Company"), and
Gary Woerz (the "Executive").<br />
<br />
WHEREAS, the Company has benefited and wishes to continue to benefit from the
services of Executive for many years, serving as chief financial officer and
desires to formalize the terms of the employment of Executive pursuant to this
agreement ("Employment Agreement") and Executive desires to continue to be
employed by the Company, as its chief financial officer pursuant to this
Employment Agreement.<br />
<br />
NOW, THEREFORE, in consideration of the premises and covenants herein contained,
the parties hereto agree as follows:<br />
<br />
1. Term of Agreement. Subject to the terms and conditions hereof, the term of
employment of the Executive under this Employment Agreement shall be for the
period commencing on the date first set forth (the "Commencement Date) and
terminating on January 30, 2018, subject to the provisions of this Employment
Agreement. Such term of employment is herein called the "Employment Term.")<br />
<br />
2. Employment. As of the Commencement Date, the Company hereby agrees to employ
the Executive as chief financial officer, and the Executive hereby accepts such
employment and agrees to perform his duties and responsibilities hereunder in
accordance with the terms and conditions hereinafter set forth.<br />
<br />
3. Duties and Responsibilities. Executive shall serve as chief financial officer
during the Employment Term. Executive shall report to and be subject to the
direction of the board of directors of the Company, and shall perform duties
which are consistent with his current title and position as chief financial
officer of the Company and such other duties as may be assigned to him from time
to time by the board of directors which are consistent with his position of
management and leadership. During the Employment Term, Executive shall devote
his full time, skill, energy and attention to the business of the Company and
shall perform his duties in a diligent, trustworthy, loyal and businesslike
manner.<br />
<br />
4. Compensation and Benefits During the Employment Term:<br />
<br />
(a) The Executive's base compensation shall be at the rate of $________ per
month, for the term of this Agreement, payable in regular semi-monthly
installments. At the election of the Executive, his compensation may be payable
in shares of the Company's common stock, registered on Form S-8 under the
Securities Act of 1933 or such other form as may be appropriate, or at the
election of the Executive pursuant to an exemption from registration under the
Act. Cash compensation shall be less applicable withholding for income and
employment taxes as required by law and other deductions as to which the
Executive shall agree. Such base compensation shall be subject to increases as
and when determined by the Company's board of directors at its sole discretion.
Any unpaid balance during the year shall be adjusted and paid on or before each
fiscal year end.<br />
<br />
(b) In addition to the Executive's base compensation, Executive will be entitled
to a bonus as determined by the Company's board of directors from time to time.
Further, the Executive shall be entitled to a special bonus in the event that
lenders or investment bankers working with the Company require the personal
guarantee of the Executive. In the event of a change in control of the Company,
resulting in Executive ceasing to serve as the Company's chief executive officer
and chief operating officer, Executive shall be entitled to receive and the
Company shall pay to Executive within ninety (90) days of the change in control
a sum equal to three (3) years of the base salary then payable to Executive
under this Employment Agreement, and issue to Executive the shares underlying
the common stock purchase warrants provided in 4(d) below, based upon and
adjusted exercise price equal to par value of the shares at the date of the
change in control.<br />
<br />
(c) The Executive shall be entitled to reimbursement of all reasonable, ordinary
and necessary business related expenses incurred by him in the course of his
duties and upon compliance with the Company's procedures.<br />
<br />
(d) The Executive shall be granted common stock purchase warrants, exercisable
on a cashless basis, for 400,000 shares per annum commencing on February 1, 2012
and on each consecutive February 1st for a period of five (5) years, based upon
an exercise price equal to the lower of: (i) the par value of the shares of
common stock; or (ii) $.03 per share. The warrants will provide for an
expiration date two (2) years following each annual grant, as set forth in the
warrant agreement that will be attached to this employment agreement.<br />
<br />
(e) In addition to the Executive's base compensation, and as an inducement for
Executive agreeing to entering into this Employment Agreement for a term of five
(5) years on a full-time basis, the Executive shall be issued an aggregate of
5,500,000 restricted shares of the Company's common stock ("Executive Shares"),
subject to the following: (i) Executive shall have voting rights with respect to
the Executive Shares from the date of issuance, except that for the purposes of
Executive's right (the "Right") to sell, transfer or assign the Executive
Shares, such Right shall vest at the rate of 1,000,000 Executive Shares per year
during the Employment Term; (ii) Executive's right to sell, transfer or assign
Executive Shares shall be subject to the restrictions of Rule 144 promulgated by
the Securities and Exchange Commission ("SEC") under the Securities Act of 1933,
as amended (the "A