EVIO Inc (EVIO)

[BDD]

EVIO Paid him $12,500/mo. and vested 75,000 shares.

Item 1.01 Entry into a Material Definitive Agreement.

On April 16, 2018, EVIO, Inc. (the “Company”) entered into an Employment Agreement (the “Agreement”) with David Kane (“Kane”). Pursuant to the Agreement, Kane agreed to act as the Company’s Chief Financial Officer (“CFO”) for a term of two (2) years commencing on April 16, 2018, unless earlier terminated pursuant to the Agreement. As compensation for his services, the Company agreed to pay Kane a monthly base salary of $12,500 and a total of 200,000 shares of common stock (the “Kane Shares”). The Kane Shares shall vest and be issued in tranches of 25,000 shares each on April 16, 2018, July 1, 2018, October 1, 2018, January 1, 2019, April 1, 2019, July 1, 2019, October 1, 2019, and January 1, 2020, respectively. The Company agreed to indemnify Kane against and in respect to any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney's fees), losses, and damages resulting from Kane’s good faith performance of his duties and obligations with the Company. The Agreement otherwise contains standard representations and warranties. A copy of the Agreement is attached hereto as an exhibit.