EMPLOYMENT AGREEMENT
SACK LUNCH PRODUCTIONS INC., referred to in this Contract as Employer, hereby employs David Wulf, referred to in this Contract as Employee, and the parties desire to state the terms and conditions of the employment of Employee;
NOW THEREFORE, in consideration of the premises hereof and of the mutual promises and agreements contained herein, the parties hereto, intending to be legally bound, hereby agree as follows:
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obligation to the Employer. Employee shall not use Employer assets or concepts developed though innovation at the Employer without the permission of the Employer.
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indirectly, anywhere in the Geographic Area (as defined below), own, manage, control, engage in, be employed by or act as a consultant to any Person directly or indirectly engaged in, or maintain any interest in or provide or arrange financing for any Person (whether as a director, officer, agent, representative, security holder, equity owner, partner, member or otherwise) directly or indirectly engaged in, a Competing Business (as defined below);provided, however, that Employee may engage in any activity consented to in advance in writing by the Board, "Competing Business" means any business or organization engaged, directly or indirectly, in the event or entertainment business or activity by the Employer which has been approved by the Board during the Employment Period. (b) "Restricted Period" means: In the event of termination for Cause or resignation by Employee, the restrictions set forth herein will be in effect until the earlier of: three years following Employee's termination of employment, or, Employee stops receiving severance payments from Employer or the sale or transfer of all shares of Series B Preferred Stock of Employer held by Employee. (c) "Geographic Area" means each province, state, city, or other political subdivision of the world in which the Employer or its subsidiaries (i) has conducted business within the 24 months immediately preceding Employee's termination of employment or (ii) is planning to enter into in the 12 months following the termination of Employee's employment. For the avoidance of doubt, the Employer will be deemed to conduct business in any jurisdiction in which it has, or expects to have, a retail sale through a customer or conducts or licenses an event. (d) In the event that any of the provisions of this are deemed by a court of law to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions will be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable laws.
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customer of the Employer or any affiliate of the Employer to terminate its relationship or reduce its level of business with the Employer or such affiliate of the Employer, as the case may be. In addition, during the Restricted Period, Employee will not, directly or indirectly, hire any individual who was an employee of or independent contractor to the Employer or any affiliate of the Employer at any time within 12 months immediately preceding the date of the termination of the Employment Period.
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Employer will be considered the author and owner of such copyrightable work(s). In the event that such copyrightable work(s) are not deemed to be "works made for hire," on his own behalf and on behalf of Employee's spouse, heirs and assigns, Employee hereby irrevocably assigns all of Employee's right, title and interest in and to such copyrightable work(s) to the Employer.
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employees or lenders which disparages or denigrates, or could reasonably be interpreted as, disparaging or denigrating, such party or its affiliates or any of their respective shareholders, directors, officers, employees or lenders.
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In Witness Whereof, the parties have executed this Agreement as of the day of December, 2015.
EMPLOYEE: David Wulf, individually
/s/ David Wulf
EMPLOYER: Sack Lunch Productions, Inc.
By: /s/ Richard Surber
Richard D. Surber-CEO and President
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