Item 1.01 Entry into a Material Agreement
On September 28, 2020, we entered into an employment agreement with Eric Blue
who will serve as our Chief Executive Officer and on July 13, 2020, we entered
into an employment agreement with Eon Washington who will serve as our Chief
Operations Officer - Director of Operations. The employment agreement with Mr.
Blue has a five-year term, with automatic successive one-year renewal terms
unless we or the executive decline to renew the agreement. Additionally, the
employment agreement with Mr. Blue provides for a base salary of $500,000 per
annum, a one-time equity grant, certain severance payments required to be made
to Mr. Blue in the event his employment is terminated by us without "cause" or
if the executive terminates his employment for "good reason." The employment
agreement with Mr. Washington has a one-year term, with automatic successive
one-year renewal terms unless we or the executive decline to renew the
agreement. Additionally, the employment agreement with Mr. Washington provides
for a base salary of $185,000 per annum and certain severance payments required
to be made to Mr. Washington in the event his employment is terminated by us
without "cause" or if the executive terminates his employment for "good reason."
The employment agreements are attached to this Form 8-K Report as Exhibits 10.1
and 10.2, and the management incentive bonus plan is attached to this Form 8-K.
Report as Exhibit 10.3.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Employment Agreement dated September 28, 2020 by and between Bridgeway
National Corp. and Eric Blue.
10.2 Employment Agreement dated July 13, 2020 by and between Bridgeway
National Corp. and Eon Washington.
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BRIDGEWAY NATIONAL CORP. 
