BrewBilt Brewing Co (BRBL)

[ThoroughBread]

Huge salaries look at this;

EMPLOYMENT AGREEMENTS



Jeff Lewis



Effective January 1, 2023, Jeffrey Lewis and BrewBilt Brewing Company (the “Company”) entered into a new Employment Agreement pursuant to which Mr. Lewis will continue to serve as the Company’s Chief Executive Officer.



Pursuant to the Employment Agreement, Mr. Lewis will receive an annual salary of $250,000 payable in monthly installments, with unpaid amounts accruing interest at the rate of 6% per annum. Unpaid salary may be converted by Mr. Lewis into shares of Series A Preferred Stock of the Company. Mr. Lewis will also be issued $150,000 of Series A Preferred Stock pursuant to the Employment Agreement. The Employment Agreement is for a term of one year, and may be terminated by either party at any time on 90-days’ prior written notice.



The foregoing description of the Employment Agreement between the Company and Mr. Lewis is qualified in its entirety by reference to the actual terms of the Employment Agreement, which has been filed as Exhibit 10.1 to this Current Report on Form 8-K, and which is incorporated herein by reference.



Bennett Buchanan



Effective January 1, 2023, Bennett Buchanan and the Company entered into a new Employment Agreement pursuant to which Mr. Buchanan will continue to serve as a Director of the Company and be employed as its Chief Operating Officer.



Pursuant to the Employment Agreement, Mr. Buchanan will receive an annual salary of $250,000 payable in monthly installments, with unpaid amounts accruing interest at the rate of 6% per annum. Unpaid salary may be converted by Mr. Buchanan into shares of Series A Preferred Stock of the Company. Mr. Buchanan will also be issued $150,000 of Series A Preferred Stock pursuant to the Employment Agreement. The Employment Agreement is for a term of one year, and may be terminated by either party at any time on 90-days’ prior written notice.



The foregoing description of the Employment Agreement between the Company and Mr. Buchanan is qualified in its entirety by reference to the actual terms of the Employment Agreement, which has been filed as Exhibit 10.1 to this Current Report on Form 8-K, and which is incorporated herein by reference.



DIRECTOR AGREEMENTS



Effective January 1, 2023, each of Richard Hylen, Jef Lewis, Samuel Berry and Bennett Buchanan entered into new Board of Directors Agreement, pursuant to which each of such individuals will continue to serve as directors of the Company, and Mr. Hylen will continue to serve as Chairman.



Under the Board of Directors Agreements, each of Jef Lewis, Samuel Berry and Bennett Buchanan will be issued $150,000 shares of Series A Preferred Stock for serving as a Director of the Company during 2023, and Richard Hylen will be issued $50,000 shares of Series A Preferred Stock for serving as a Director of the Company during 2023; and each director not serving as an employee of the Company (currently only Mr. Hylen) will be paid $250 for participating in each meeting of the Company’s Board of Directors. The foregoing description of the Board Directors Agreements between the Company and each of its Directors is qualified in its entirety by reference to the actual terms of the Board of Directors Agreement, a form of which has been filed as Exhibit 10.3 to this Current Report on Form 8-K, and which is incorporated herein by reference.