Employment Agreement effective February 1, 2020, between Argentum 47, Inc. and Mr. Nicholas Paul Tuke

Exhibit 10.1

EMPLOYMENT AGREEMENT – MR. NICHOLAS PAUL TUKE

This EMPLOYMENT AGREEMENT is executed on the dates set forth below the signatures hereon but effective as of February 1, 2020, and is by and between Argentum 47, Inc. in the 34. St. Augustine’s Gate, Hedon, HU12 8EX, Hull, United Kingdom (“Employer”), and Mr. Nicholas Paul Tuke a resident of the United Kingdom (“Employee”).

1. Duties; Assignment

During the term of employment hereunder, the Employee shall perform the duties of Chief Executive Officer (CEO) of Argentum 47, Inc., or such other duties as assigned by the Board of Directors.

2. Compensation and Signing Bonus

a. Compensation:

In consideration of the services rendered by Employee to Employer hereunder, Employer shall pay to Employee a gross annual salary amounting to U.S.$60,000 (“Base Salary”). This Salary shall be paid on a monthly basis to the Employee or a Company owned by the Employee at the option of the Employee.

b. Signing Bonus:

The Employer agrees to issue 100,000 (One Hundred Thousand) Preferred “C” shares of Argentum 47, Inc. to the Employee.

3. Employment

Employer hereby employs Employee and Employee hereby accepts employment on the terms set forth herein commencing on February 1, 2020:

(1) for any reason or no reason with either:

(i) 60 days prior written notice of termination or

(ii) immediate notice of termination with an undertaking to continue payment of Employee’s compensation under this Agreement for 90 days

(2) for Cause (as defined below), upon Employee’s receipt of notice thereof. As used herein, “Cause” means:

(i) willful or serious misconduct or dishonesty in the performance of, Employee’s duties hereunder or

(ii) the indictment or conviction of Employee for a felony under state or federal criminal laws.

Upon the effective date of termination specified in such notice, this Agreement shall terminate except for the provisions, which expressly survive termination, and Employee shall vacate the offices of Employer.

4. Severance Payments

The Employee shall have the right to a severance payment amounting to two-month salary per year employed.

The employee will not have the right to a severance payment if this employment agreement is terminated by Employer for Cause or if the Employee terminates this employment agreement.

5. Expenses

Employer shall reimburse Employee’s expenses reasonably incurred in carrying out his duties hereunder within 30 days of submittal of an itemized account of such expenses together with such receipts and forms as are required by Employer’s normal policies and practices. In the event of cash advances such reimbursements will be credited against the advanced account.

6. Benefits

Employer shall provide and Employee shall be entitled to participate in an all benefit plans and programs generally available to employees of Employer on the same terms as other employees except as follows:

7. Confidentiality; Non-Disclosure

8. Agreement Not to Compete

For so long as Employee is entitled to receive severance payments under Sections 4(a) or for a period of one year from the effective date of termination if Employee voluntarily terminates his employment hereunder or if Employee is terminated by Employer for Cause, the Employee agrees that he will not, directly or indirectly:

(1) be employed by, serve as a consultant or advisor to, or have a material ownership interest in any corporation or other entity whose business is competitive (as reasonably determined by the Board of Directors of Employer) with the business of Employer, the Subsidiary or any of their affiliates; provided, however that this clause (8.1) shall not prohibit any such employment or other relationship with an entity which itself is not, but has a separate corporate affiliate which is, engaged in such competitive business so long as Employee does not provide services to, assist or advise such competitive affiliate in any way, or

(2) induce or solicit any other person who was employed by Employer, Subsidiary or any of their affiliates at any time during Employee’s employment by Employer to engage in any line of business competitive with that of Employer, Subsidiary or their affiliates.

9. No Conflicting Agreements

Employee represents and warrants that he is not a party to or bound by any agreement or subject to any restriction arising out of any current or prior employment or relationship which would be violated by his entering into and performing his obligations under this Agreement, including, without limitation, restrictions relating to non-competition or the protection of confidential information.

10. Notices

All notices and other communication which are required or permitted hereunder shall be sent to the following email addresses:

If to Argentum 47, Inc.:

***@***

If to Mr. Nicholas Paul Tuke:

***@***

11. Miscellaneous

IN WITNESS WHEREOF, the parties have executed this Agreement on the date indicated below intending to be legally bound hereby.