EMPLOYMENT,NON-DISCLOSURE,NON-COMPETE AGREEMENT
I,Michael Halsey Brown,have received an Offer of Employment (the “Offer”) from Sierra Madre Mining, Inc. ("Sierra") as CEO, CFO, President & Chairman. As a condition of my employment with Sierra, and in consideration of my further employment with Sierra and my receipt of the compensation now and hereafter paid to me by Sierra, I agree to the following terms and conditions of this Employment Agreement (the "Agreement"):
1.At-will employment.Iunderstandandacknowledgethatmy employment withSierra isforanunspecifieddurationandconstitutes"at-will" employment.Ialsounderstandthatanyrepresentation tothecontrary isunauthorizedandnotvalidunlessobtainedin writingandsignedbyanauthorizedrepresentativeofSierra.Iacknowledgethatthis employmentrelationship maybeterminatedatanytime,withorwithoutgoodcauseorforanyornocause,attheoptioneitherofSierra ormyself, withorwithoutnotice.
2.ConfidentialInformation.
(a)SierraInformation.
(i) Iagree atalltimesduringtheterm ofmyemployment andfortwelve (12)monthsthereafter,toholdinstrictestconfidence, andnottouse, exceptforthe exclusive benefitofSierra,orto disclosetoany person, firm orcorporationforanyreasonorpurposewhatsoeverwithoutpriorwritten authorization ofSierra,anyConfidentialInformationofSierra.
(b)Former EmployerInformation.I agreethatIwill not,duringmyemploymentwithSierra,improperly useordisclose any proprietaryinformation or tradesecrets ofanyformer employer orother personorentity andthatIwillnotbring ontothepremises ofSierra any unpublisheddocumentor proprietaryinformation belongingto any such employer, personor entityunlessconsentedtoinwriting bysuch employer, person orentity.
(c)Third PartyInformation.IrecognizethatSierra hasreceivedandinthefuturewillreceivefromthirdpartiestheir confidential orproprietaryinformation subjecttoadutyon Sierra’sparttomaintaintheconfidentiality ofsuchinformation andto useit onlyforcertainlimited purposes.I agreetoholdallsuchconfidential orproprietaryinformationinthestrictest confidence andnotto discloseittoany person,firm or corporation ortouseit exceptas necessaryincarrying outmyworkforSierraconsistentwithSierra’s agreementwithsuchthird party.
3.Compensation.I understand that, initially, my compensation while being employed with the Company will be $0 per year. Ten millionclass B shares (par value of $ .000001/share) shareswill beissuedat signing. The parties agree that that fair market value of services is $10,000, or $.001/share.
4.Notification ofNewEmployer.IntheeventthatIleavetheemploy ofSierra,I herebygrant consenttonotification bySierra tomynewemployer aboutmyrights and obligations underthisAgreement.
5.Interference.Iagreethatduringthecourse ofmyemployment andfor aperiodof twelve(12)monthsimmediatelyfollowingtheterminationofmyrelationshipwithSierra for anyreason,whetherwith orwithoutgood causeorfor any or no cause, atthe optioneither ofSierra ormyself,withorwithout notice, Iwill not, either directly orindirectly,interferewithSierra’s opportunities, contracts,investors, andrelationships, orwith prospective contracts,investors,andrelationships.
6.CovenantNot toCompete.
(a) Iagreethatduringthecourse ofmyemployment andforaperiod of six (6)monthsimmediatelyfollowingthe termination ofmyrelationshipwithSierra forany reason,whetherwithorwithoutgoodcauseorfor anyornocause,attheoptioneither ofSierra ormyself,withorwithout notice,Iwillnot,withoutthe priorwritten consent ofSierra,(i) serve asapartner, employee,consultant,officer,director,manager, agent, associate,investor,or otherwisefor,(ii)directly or indirectly, own, purchase, organize or takepreparatory steps for the organizationof, or(iii) build,design,finance, acquire,lease, operate,manage,investin,workor consultfor orotherwiseaffiliatemyselfwith,anybusinessin competitionwith orotherwise similartoSierra’s business.Theforegoing covenantshallcovermy activitiesin every partofthe Territoryinwhich Imay conductbusiness duringtheterm of such covenant assetforth above."Territory" shallmean(i)all countiesinthe StateofArizona and(ii) allother statesof theUnited StatesofAmerica providedthat,Sierra derivesatleastfivepercent(5%) ofitsgrossrevenuesfrom suchgeographicareapriorto thedate ofthetermination ofmy relationshipwithSIERRA. This covenant does not apply to mineral properties I own, acquire, and develop privately, and solely for my own benefit.
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(b) IacknowledgethatIwill derive significantvaluefromthe Companyto providemewithConfidentialInformationtoenablemeto optimizethe performance ofmy dutiestoSierra.I further acknowledgethatmyfulfillment ofthe obligations containedinthisAgreement,including, butnot limitedto,my obligation neitherto disclose nor tousetheConfidentialInformation other thanforSierra’sexclusive benefit andmy obligation nottointerfereandnottocompete as set forth above,isnecessarytoprotecttheConfidentialInformationand,consequently,topreservethevalue andgoodwill ofSierra.I acknowledgethe time,geographic andscopelimitations ofmy obligations undersubsection(a) abovearereasonable,especiallyinlight ofSierra’sdesiretoprotecttheConfidential Information, andthat Iwill notbeprecludedfromgainful employmentifI am obligated notto competewithSierra duringtheperiod andwithinthe Territory asdescribed above. Ifurther agree nottochallengethe enforceability, scopeorreasonableness ofthe covenantsinthis Section.
(c)Thecovenants containedinsubsection(a)above shallbeconstrued asa seriesof separatecovenants,oneforeachcity,countyandstateofanygeographicareaintheTerritory.Exceptforgeographiccoverage,each suchseparatecovenantshallbedeemedidenticalintermstothecovenantcontainedinsubsection(a)above.If,inanyjudicial proceeding, acourtrefusestoenforceany ofsuch separate covenants(orany partthereof),then such unenforceablecovenant(orsuchpart)shallbeeliminatedfromthisAgreementtotheextent necessarytopermittheremaining separatecovenants(orportionsthereof)tobe enforced.Inthe eventtheprovisions ofsubsection(a)above aredeemedto exceed the time,geographic orscopelimitations permitted by applicablelaw,then such provisions shallbereformedtothemaximumtime,geographicorscopelimitations,asthe casemay be,then permitted bysuchlaw.
7.SolicitationofEmployees,Associates orConsultants.Iagreethatforaperiodof twelve (12)monthsimmediatelyfollowingtheterminationofmyfulltimerelationshipwithSierra foranyreason,whetherwith orwithoutgood causeorforanyorno cause, atthe option eitherofSierraormyself,with orwithout notice, Iwill nothire any employees, associates or consultants ofSierra andwill not,eitherdirectly orindirectly, solicit,induce,recruitor encourage any employees, associates or consultants ofSierra toleaveSierra, ortake away such employeesorconsultants,orattemptto solicit,induce,recruit,encourage ortake away such employees orconsultants, eitherformyself orfor any otherpersonor entity.Accountingfirms andlaw firms arenot considered associatesorconsultantstoSierra. I furtheragreethatfor a periodoftwelve (12)monthsimmediatelyfollowingtheterminationofmyrelationshipwithSierra foranyreason,whetherwith orwithoutgood causeorforanyorno cause, atthe option ofSierra ormyself,withorwithoutnotice, Iwill notwork fulltime, parttime, orona consultant basiswithorfor anyemployees, associates orconsultantswhoworkedatSierraduringthetime ofmyemployment, unless the Board waives this clause.
8.Return of Sierra Property.All records, designs, patents, businessplans,financial statements,manuals,memoranda,lists,data and data compilationsandother property deliveredto orcompiled bymeby oronbehalfofSierra,ortheirrepresentatives,vendorsorcustomerswhichpertaintothe businessofSierra, shallbeandremainthe property ofSierra,asthe casemay be,andbe subject atall timestoSierra’s discretion and control.Likewise,all correspondence,reports,records, documents, charts,advertisingmaterials andothersimilar data pertainingtothe business,activitiesorfutureplans ofSierra,whichiscollected orheld bymeinwhateverformatwhether documentary oron hard drives,orcomputerdisks,zipdevice, etc. shallbedelivered promptlytoSierra,withoutrequest bySierra,upontermination ofmyemployment,regardless ofwhether suchterminationwasvoluntarily orinvoluntarily, orforanyreason,whetherwith or withoutgood causeorfor anyornocause.
9.Representations.I agreetoexecute now orin thefuture anyproper oathorverify anyproperdocumentrequiredtocarry outtheterms ofthisAgreement.Irepresentthatmy performanceofalltheterms ofthisAgreementwill notbreach anyagreementtokeepin confidenceproprietaryinformationacquired bymein confidence orintrust priortomy employment bySierra.I havenotenteredinto, andIagree Iwill notenterinto,anyoralorwritten agreementinconflictherewith.
10.General Provisions.
(a)Governing Law; Consent to Personal Jurisdiction. This agreement will be governed by the laws of the state of Delaware without regard for conflicts of laws principles. I hereby expressly consent to the personal jurisdiction of the state and federal courts located in the state of Delaware for any lawsuit filed there against me by Sierra concerning my employment or the termination of my employment or arising from or relating to this agreement.
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(b)Entire Agreement. This Agreement sets forth the entire agreement and understanding between Sierra and me relating to the subject matter herein and supersedes all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement.
(c)Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full force and effect.
11. I acknowledge and agreetoeach ofthe followingitems:
(a) Iam executingthisAgreementvoluntarilyandwithoutanyduressorundueinfluence bySierra oranyone else;and(b) I have carefullyreadthisAgreement.I haveaskedanyquestionsneededformeto understandtheterms, consequencesandbinding effect ofthisAgreement andfully understandthem.
INWITNESS WHEREOF,thepartieshaveexecutedthisAgreement on 6/13/14
SIERRA MADRE MINING,INC EMPLOYEE
By: | /s/ Joseph Lacome | By: | /s/ Michael H. Brown | |||||
Name: | Joseph Lacome | Name: | Michael Halsey Brown | |||||
Title: | Director |
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