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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/01/21 EzFill Holdings Inc. S-1 105:11M M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size
1: S-1 Registration Statement (General Form) HTML 879K
2: EX-3.1 Articles of Incorporation/Organization or Bylaws HTML 29K
3: EX-3.2 Articles of Incorporation/Organization or Bylaws HTML 27K
4: EX-4.1 Instrument Defining the Rights of Security Holders HTML 25K
5: EX-10.1 Material Contract HTML 128K
14: EX-10.10 Material Contract HTML 78K
6: EX-10.2 Material Contract HTML 124K
7: EX-10.3 Material Contract HTML 45K
8: EX-10.4 Material Contract HTML 39K
9: EX-10.5 Material Contract HTML 47K
10: EX-10.6 Material Contract HTML 131K
11: EX-10.7 Material Contract HTML 39K
12: EX-10.8 Material Contract HTML 57K
13: EX-10.9 Material Contract HTML 39K
15: EX-21.1 Subsidiaries List HTML 26K
16: EX-23.2 Consent of Expert or Counsel HTML 27K
17: EX-23.3 Consent of Expert or Counsel HTML 27K
18: EX-23.4 Consent of Expert or Counsel HTML 27K
19: EX-23.5 Consent of Expert or Counsel HTML 27K
20: EX-23.6 Consent of Expert or Counsel HTML 27K
27: R1 Document and Entity Information HTML 41K
28: R2 Consolidated Balance Sheets HTML 126K
29: R3 Consolidated Balance Sheets (Parenthetical) HTML 58K
30: R4 Consolidated Statements of Operations HTML 105K
31: R5 Consolidated Statements of Stockholders' Equity HTML 98K
(Deficit)
32: R6 Consolidated Statements of Cash Flows HTML 126K
33: R7 Nature of Organization and Summary of Significant HTML 72K
Accounting Policies
34: R8 Going Concern HTML 34K
35: R9 Related Party Transactions HTML 38K
36: R10 Fixed Assets HTML 39K
37: R11 Intangible Assets HTML 47K
38: R12 Accounts Payable and Accrued Liabilities HTML 43K
39: R13 Notes Payable HTML 41K
40: R14 Notes Payable - Related Party HTML 38K
41: R15 Convertible Notes Payable - Related Party HTML 32K
42: R16 SBA PPP Loan HTML 32K
43: R17 Shareholders Equity HTML 51K
44: R18 Commitments and Contingencies HTML 39K
45: R19 Business Combination HTML 60K
46: R20 Income Taxes HTML 48K
47: R21 Subsequent Events HTML 35K
48: R22 Nature of Organization and Summary of Significant HTML 119K
Accounting Policies (Policies)
49: R23 Nature of Organization and Summary of Significant HTML 33K
Accounting Policies (Tables)
50: R24 Fixed Assets (Tables) HTML 38K
51: R25 Intangible Assets (Tables) HTML 48K
52: R26 Accounts Payable and Accrued Liabilities (Tables) HTML 43K
53: R27 Notes Payable (Tables) HTML 33K
54: R28 Shareholders Equity (Tables) HTML 38K
55: R29 Business Combination (Tables) HTML 57K
56: R30 Income Taxes (Tables) HTML 48K
57: R31 Nature of Organization and Summary of Significant HTML 50K
Accounting Policies (Details Narrative)
58: R32 Nature of Organization and Summary of Significant HTML 67K
Accounting Policies (Details Narrative) (10-K)
59: R33 Nature of Organization and Summary of Significant HTML 31K
Accounting Policies - Schedule of Property and
Equipment Estimated Useful Life (Details) (10-K)
60: R34 Nature of Organization and Summary of Significant HTML 34K
Accounting Policies - Schedule of Finite Lived
Intangible Assets Estimated Useful Life (Details)
(10-K)
61: R35 Going Concern (Details Narrative) HTML 45K
62: R36 Going Concern (Details Narrative) (10-K) HTML 45K
63: R37 Related Party Transactions (Details Narrative) HTML 50K
64: R38 Related Party Transactions (Details Narrative) HTML 113K
(10-K)
65: R39 Fixed Assets (Details Narrative) HTML 30K
66: R40 Fixed Assets (Details Narrative) (10-K) HTML 30K
67: R41 Fixed Assets - Schedule of Fixed Assets (Details) HTML 40K
68: R42 Fixed Assets - Schedule of Fixed Assets (Details) HTML 38K
(10-K)
69: R43 Intangible Assets (Details Narrative) HTML 30K
70: R44 Intangible Assets (Details Narrative) (10-K) HTML 30K
71: R45 Intangible Assets - Schedule of Intangible Assets HTML 48K
(Details)
72: R46 Intangible Assets - Schedule of Intangible Assets HTML 48K
(Details) (10-K)
73: R47 Intangible Assets - Schedule of Amortization for HTML 36K
Intangible Assets (Details)
74: R48 Intangible Assets - Schedule of Amortization for HTML 37K
Intangible Assets (Details) (10-K)
75: R49 Accounts Payable and Accrued Liabilities - HTML 51K
Schedule of Accounts Payable and Accrued
Liabilities (Details)
76: R50 Accounts Payable and Accrued Liabilities - HTML 51K
Schedule of Accounts Payable and Accrued
Liabilities (Details) (10-K)
77: R51 Notes Payable (Details Narrative) HTML 58K
78: R52 Notes Payable (Details Narrative) (10-K) HTML 71K
79: R53 Notes Payable - Schedule of Maturities of HTML 45K
Long-Term Debt (Details)
80: R54 Notes Payable - Schedule of Maturities of HTML 45K
Long-Term Debt (Details) (10-K)
81: R55 Notes Payable - Related Party (Details Narrative) HTML 106K
(10-K)
82: R56 Convertible Notes Payable - Related Party (Details HTML 79K
Narrative) (10-K)
83: R57 SBA PPP Loan (Details Narrative) HTML 41K
84: R58 SBA PPP Loan (Details Narrative) (10-K) HTML 39K
85: R59 Shareholders Equity (Details Narrative) HTML 79K
86: R60 Shareholders/ Equity (Details Narrative) (10-K) HTML 110K
87: R61 Shareholders Equity - Schedule of Option Activity HTML 44K
(Details)
88: R62 Shareholders/ Equity - Schedule of Option Activity HTML 44K
(Details) (10-K)
89: R63 Commitments and Contingencies (Details Narrative) HTML 48K
90: R64 Commitments and Contingencies (Details Narrative) HTML 65K
(10-K)
91: R65 Business Combination (Details Narrative) HTML 35K
92: R66 Business Combinations (Details Narrative) (10-K) HTML 59K
93: R67 Business Combination - Summary of Fair Value of HTML 41K
Purchase Price Allocation (Details)
94: R68 Business Combinations - Summary of Fair Value of HTML 63K
Purchase Price Allocation (Details) (10-K)
95: R69 Business Combination - Schedule of Pro Forma HTML 39K
Combined Statements of Operations (Details) (10-K)
96: R70 Income Taxes (Details Narrative) HTML 31K
97: R71 Income Taxes (Details Narrative) (10 K) HTML 31K
98: R72 Income Taxes - Schedule of Deferred Tax Assets HTML 48K
(Details) (10 K)
99: R73 Income Taxes - Schedule of Components of Income HTML 40K
Tax Benefit (Details) (10 K)
100: R74 Income Taxes - Schedule of Provision for Income HTML 41K
Taxes (Details) (10 K)
101: R75 Subsequent Events (Details Narrative) HTML 80K
102: R76 Subsequent Events (Details Narrative) (10-K) HTML 80K
104: XML IDEA XML File -- Filing Summary XML 170K
103: EXCEL IDEA Workbook of Financial Reports XLSX 110K
21: EX-101.INS XBRL Instance -- ezfh-20210331 XML 1.43M
23: EX-101.CAL XBRL Calculations -- ezfh-20210331_cal XML 196K
24: EX-101.DEF XBRL Definitions -- ezfh-20210331_def XML 766K
25: EX-101.LAB XBRL Labels -- ezfh-20210331_lab XML 962K
26: EX-101.PRE XBRL Presentations -- ezfh-20210331_pre XML 1.02M
22: EX-101.SCH XBRL Schema -- ezfh-20210331 XSD 184K
105: ZIP XBRL Zipped Folder -- 0001493152-21-013358-xbrl Zip 130K
Exhibit 10.3
Employment Agreement between EzFill Holdings Inc. and Michael McConnell
This Employment Agreement is made between EzFill Holdings, Inc and Michael McConnell and supersedes all previous agreements and understandings with respect to such employment relationship. As Chief Executive Officer, you will be reporting to the Board of Directors and you will be working remotely until your relocation to Florida.
Base Salary. Your initial annual base salary will be $300,000, less applicable taxes, deductions, and withholdings, and subject to annual review (“Base Salary”). Your salary will be reviewed annually and will automatically increase a minimum of 10% on each anniversary of your Employment Start Date.
Signing Bonus. You have received a signing bonus of $200,000 worth of the Company’s common stock (the “Signing Shares”). The amount of Signing Shares which you received was based on a share price of $1.00 per share. The Signing Shares will fully vest upon completion of the Company’s initial public offering and listing on a US public Exchange. You will receive a cash payment upon vesting to cover expected ordinary income tax charges at the highest individual personal income tax rate (“Gross Up”).
Annual Performance Cash Bonus. Upon meeting pre-determined periodic Key Performance Indicators (“KPIs”) every calendar year, you will be eligible for a target annual cash bonus of 40% of your Base Salary, as adjusted from time to time. Your KPI’s will be set by the mutual agreement of the Board of Directors (or a committee thereof) and yourself within two months of your Employment Start Date and within two months of the beginning of each year thereafter (the “Cash Performance Bonus”). To qualify for the Cash Performance Bonus, you must meet all of part of the KPI’s. A partial cash bonus will be possible if some but not all KPI’s are achieved or other achievements outside of the KPI’s are deemed to justify a cash bonus.
Equity Awards. As a “C” level executive of the Company, you will be entitled to receive equity awards under the Company’s Incentive Plan, (the “Incentive Plan”). The aggregate annual award value under the Incentive Plan will be equal to a target of 50% of your Base Salary, as adjusted from time to time, (the “Grant”). A partial Grant will be possible if some but not all KPI’s are achieved or other achievements outside of the KPI’s are deemed to justify a Grant. Twenty-Five percent (25%) of such Grant will be in the form of Restricted Common Stock (the “RCSs”) and the remaining Seventy-Five percent (75%) of such Grant will be in the form of options to purchase the Company’s common stock (the “Stock Options”). The number of Stock Options shall be calculated in accordance with the Company’s option valuation practices. The RCSs shall vest on the first anniversary of the day they were granted. The RCS grant will include a Gross Up cash payment upon vesting. The Stock Options shall vest in equal one-third (1/3) increments on each anniversary of the day they were granted. All Equity Awards shall be granted to you, provided that: (1) at the end of each applicable vesting date, you are still employed by the Company; and (2) to the extent you satisfy any KPIs or other performance criteria established by the Incentive Plan. All Stock Options that will be granted to you shall expire 5 years following their vesting.
Benefits. You are eligible to participate in all of the Company’s benefit plans, at no cost to you.
Business Expense & Travel Reimbursement. Upon presentation of appropriate documentation in accordance with the Company’s expense reimbursement policies, the Company will reimburse you for the reasonable business expenses you incur in connection with your employment. Additionally, for a period of eighteen months following your Employment Start Date the Company will reimburse you for your travel costs incurred in commuting between Nashville and Florida for Company purposes.
Relocation Payment. The Company will reimburse your relocation costs up to $30,000.
Paid Time Off. You will accrue Paid Time Off, which you will be allowed to use for absences due to illness, vacation, or personal need, at a rate of 200 hours, or twenty (25) days (based upon an eight-hour workday), per year.
C:
Term and Termination. The initial term shall be three years commencing on April 19, 2021 (the “Term”). On the third anniversary, your employment will be renewed automatically for additional one-year terms, unless the Company provides you with a notice of non-renewal at least 30 days prior to the end of the Term.
Termination by the Company for Cause. You may be terminated by the Company immediately and without notice for “Cause.” “Cause” shall mean: (i) your willful material misconduct; or (ii) your willful failure to materially perform your responsibilities to the Company. “Cause” shall be determined by the Company’s Board of Directors after conducting a meeting where you can be heard on the topic.
Termination Without Cause or for Good Reason (including following Change in Control): The Company may terminate your employment without Cause not earlier than 3 months following your Employment Start Date. Upon Termination Without Cause by the Company or for Good Reason by you, the Company will (i) continue payment of your Base Salary for 12 months (which shall not be adjusted for any remaining employment term) and (ii) you will be entitled to COBRA benefits until the earlier of 12 months from the end of the month in which you are terminated or eligibility for benefits with another employer. You will also be entitled to your pro-rata target bonus for the year in which your termination occurs as well as any earned bonus for the prior year not yet paid. In addition, any unvested equity awards shall vest in full. Good Reason (including following a change in control) shall mean (i) reduction in your base salary, (ii) material reduction in responsibilities or job title, or (iii) Company requiring you to relocate more than 50 miles from the Company’s executive office.
Voluntary Termination: In the event of voluntary resignation on your part, all further vesting of your outstanding equity awards or bonuses, as well as all payments of compensation by the Company to you hereunder will terminate immediately (except as to amounts already earned and vested).
Death and Disability. In the event of your death during the Term, your employment shall terminate immediately. If, during the Term you shall suffer a “Disability” within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, the Company may terminate your employment. In the event your employment is terminated due to death or Disability, you (or your estate in case of death) shall be eligible to receive the separation benefits (in lieu of any severance payments): all unpaid Base Salary amounts and any earned and unpaid bonus, and all fully vested equity awards.
Indemnification. The Company shall indemnify, defend and hold you harmless, to the maximum extent permitted by law, from and against all claims, demands, causes of action, suits, judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys’ fees incurred by you, in connection with the defense of, or as a result of, any action or proceeding (or any appeal from any action or proceeding) in which you are made or threatened to be made a party by reason of the fact that you were an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in the right of the Company. The Company agrees that you shall be covered and insured up to the full limits provided by all directors and officers insurance which the Company maintains to indemnify its officers and directors.
Confidentiality and No Conflict with Prior Agreements. As an employee of the Company, it is likely that you will become knowledgeable about confidential and/or proprietary information related to the operations, products, and services of the Company and its clients. Similarly, you may have confidential or proprietary information from prior employers that must not be used or disclosed to anyone at the Company. By accepting this offer you are certifying that you will keep the Company’s and your prior employer’s information confidential. In addition, the Company requests that you comply with any existing and/or continuing contractual obligations that you may have with your former employers. By signing this offer letter, you represent that your employment with the Company shall not breach any agreement you have with any third party.
Obligations. During your employment, you shall devote your full business efforts and time to the Company. However, this obligation shall not preclude you from engaging in appropriate civic, charitable or religious activities, or, with the consent of the Board, from serving on the boards of directors of companies that are not competitors to the Company, as long as these activities do not materially interfere or conflict with your responsibilities to, or your ability to perform your duties of employment at, the Company. Any outside activities must be in compliance with and if required, approved by any Company governance guidelines.
Non-competition. You agree that during your employment with the Company you will not engage in, or have any direct or indirect interest in, any person, firm, corporation, or business (whether as an employee, officer, director, agent, security holder, creditor, consultant, partner or otherwise) that is competitive with the business of the Company, including, without limitation, planning, developing, marketing, selling, and providing services relating to mobile gas delivery.
| Michael J. McConnell | EzFill Holdings, Inc | ||
/s/ Michael J. McConnell |
/s/ Cheryl Hanrehan | ||
| Date: 04-19-2021 | By: | ||
| Name: | Cheryl Hanrehan | ||
| Title: | COO | ||
| Date: | 04-19-2021 | ||
C:
UNANIMOUS WRITTEN CONSENT
OF THE BOARD OF DIRECTORS OF
EZFILL HOLDINGS, INC.
A Delaware Corporation
The undersigned, being all of the directors of EzFill Holdings, Inc., a Delaware Corporation (the “Company”), hereby adopt the following recitals and resolutions by their written consent thereto, effective as of April 19, 2021, hereby waiving all notice of and the holding of a meeting of the directors to act upon such resolutions pursuant to applicable laws and the Company’s By-Laws.
AUTHORIZATION AND APPROVAL OF: CEO Employment Agreement (“Agreement”) with Michael J. McConnell
WHEREAS, the Company has prepared a standardized employment agreement for C-Suite executives and wishes to use the form of such agreement to update its prior agreement of October 2, 2020 with Michael J. McConnell;
WHEREAS, the Company has previously agreed to pay to Michael J. McConnell, in January, salary compensation that had been accrued and deferred pursuant to the terms of his original employment agreement dated October 2, 2020;
WHEREAS, Article III, Section 4 of the Company’s Bylaws provide that the Board shall determine the compensation of officers;
WHEREAS, Section 144 of the Delaware Corporations law allows a board of directors to approve of a transaction in which a director is interested so long as that interest is disclosed and the majority of remaining directors approves;
WHEREAS, the form of the Agreement has been reviewed by the Board of the Company; and
WHEREAS, after due consideration, deliberation and diligence, and by the exercise of prudent business judgment in which the Board of Directors has determined that approving the Agreement is in the best interest of the Company,
IT IS HEREBY RESOLVED, that the Company the Company authorize, approve and execute the Agreement.
RESOLVED FURTHER, that the appropriate officers of the Company be, and they hereby are, authorized and empowered to execute such documents, take such steps and perform such acts as, in their judgment, may be necessary or convenient to carrying out the foregoing resolutions and that any such documents executed, or acts taken by them shall be conclusive evidence of authority in so doing.
IN WITNESS WHEREOF, the undersigned have executed this Unanimous Written Consent to be effective as of the date first written above.
| /s/ Michael McConnell | |
| Michael McConnell, Director | |
| /s/ Cheryl Hanrehan | |
| Cheryl Hanrehan, Director | |
| /s/ Richard Dery | |
| Richard Dery, Director |
C:
| This ‘S-1’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 6/1/21 | CORRESP, DRS, DRS/A | ||
| 4/19/21 | ||||
| 10/2/20 | ||||
| List all Filings | ||||