Exhibit 10.1


 


EXECUTIVE AGREEMENT


 


This Executive Agreement
(the “Agreement”) is made and entered into effective as of June 1, 2020 (the “Effective Date”),
by and between Ann Marie Sastry (the “Executive”) and Amesite, Inc., a Delaware corporation (the “Company”).


 


R E C I T A L S


 


A.       WHEREAS,
the Company wishes to retain Executive as its Chief Executive Officer; and


 


B.       WHEREAS,
in order to provide Executive with the financial security and sufficient encouragement to become retained by the Company, the Board
of Directors of the Company (the “Board”) believes that it is in the best interests of the Company to provide
Executive with certain engagement terms and severance benefits as set forth herein.


 


AGREEMENT


 


In consideration of the
mutual covenants herein contained and the engagement of Executive by the Company, the parties agree as follows:


 


1.       Definition
of Terms. The following terms referred to in this Agreement shall have the following meanings:


 


(a)       “Cause”
shall mean any of the following: (i) the commission of an act of fraud, embezzlement or material dishonesty which is intended
to result in substantial personal enrichment of Executive in connection with Executive’s engagement with the Company; (ii) Executive’s
conviction of, or plea of nolo contendere, to a crime constituting a felony (other than traffic-related offenses);
(iii) Executive’s willful misconduct that is materially injurious to the Company; (iv) a material breach of Executive’s
nondisclosure and assignment of invention agreement that is materially injurious to the Company; or (v) Executive’s
(1) material failure to perform her duties as an officer of the Company, and (2) failure to “cure” any such
failure within thirty (30) days after receipt of written notice from the Company delineating the specific acts that constituted
such material failure and the specific actions necessary, if any, to “cure” such failure.


 


(b)       “Change
of Control” shall mean the occurrence of any of the following events:


 


(i)       the
date on which any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) obtains “beneficial ownership” (as defined in Rule 13d-3
of the Exchange Act) or a pecuniary interest in fifty percent (50%) or more of the combined voting power of the Company’s
then outstanding securities (“Voting Stock”);


 


(ii)       the
consummation of a merger, consolidation, reorganization, or similar transaction involving the Company, other than a transaction:
(1) in which substantially all of the holders of the Voting Stock immediately prior to such transaction hold or receive directly
or indirectly fifty percent (50%) or more of the voting stock of the resulting entity or a parent company thereof, in substantially
the same proportions as their ownership of the Company immediately prior to the transaction; or (2) in which the holders of
the Company’s capital stock immediately before such transaction will, immediately after such transaction, hold as a group
on a fully diluted basis the ability to elect at least a majority of the authorized directors of the surviving entity (or a parent
company); or


 


(iii)       there
is consummated a sale, lease, license or disposition of all or substantially all of the consolidated assets of the Company and
its subsidiaries, other than a sale, lease, license or disposition of all or substantially all of the consolidated assets of the
Company and its subsidiaries to an entity, fifty percent (50%) or more of the combined voting power of the voting securities of
which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately
prior to such sale, lease, license or disposition.


 



    


     


    

 





(c)       “Disability”
means a physical or mental disability, which prevents Executive from performing Executive’s duties under this Agreement for
a period of at least 120 consecutive days in any twelve month period or 150 non consecutive days in any twelve month period.


 


(d)       “Good
Reason” shall mean without Executive’s express written consent any of the following: (i) a significant reduction
of Executive’s duties, position or responsibilities relative to Executive’s duties, position or responsibilities as
measured either immediately prior to such reduction or taking into consideration any overall reduction occurring during any period
of twelve (12) consecutive calendar months, or the removal of Executive from such position, duties or responsibilities; (ii) a
material change in Executive’s upward reporting responsibilities; (iii) a reduction of Executive’s compensation
as in effect immediately prior to such reduction; (iv) the relocation of Executive to a facility or a location more than twenty-five
(25) miles from the Executive’s then current primary residence; (v) a material breach by the Company of this Agreement
or any other agreement with Executive that is not corrected within fifteen (15) days after written notice from Executive (or such
earlier date that the Company has notice of such material breach); or (vi) the failure of the Company to obtain the written
assumption of this Agreement by any successor contemplated in Section 11 below.


 


2.       Duties
and Scope of Position. During the Engagement Term (as defined below), Executive will serve as Chief Executive Officer of the
Company, reporting directly to the Board of Directors (without the interposition of another individual or committee), and assuming
and discharging such responsibilities as are commensurate with Executive’s position. During the Engagement Term, Executive
will provide services in a manner that will faithfully and diligently further the business of the Company and will devote a substantial
portion of Executive’s business time, attention and energy thereto. Notwithstanding the foregoing, nothing in this Agreement
shall restrict Executive from managing her investments, engaging in or undertaking other business affairs and other matters or
serving on civic or charitable boards or committees, provided that no such activities unduly interfere with the performance of
her obligations under this Agreement, provided that Executive shall honor the non-competition and non-solicitation terms as per
Section 14 below. During the Engagement Term, Executive agrees to disclose to the Company those other companies of which she
is a member of the Board of Directors, an executive officer, or a consultant.


 


3.       Term.
The term of Executive’s engagement under this Agreement shall commence as of the date above (the “Effective Date”)
and shall continue for a period of three (3) years, unless earlier terminated in accordance with Section 8 hereof. The
term of Executive’s engagement shall be automatically renewed for successive one (1) year periods until the Executive
or the Company delivers to the other party a written notice of their intent not to renew the “Engagement Term,” such
written notice to be delivered at least sixty (60) days prior to the expiration of the then-effective “Engagement Term”
as that term is defined below. The period commencing as of the Effective Date and ending three (3) years from the Effective
Date or such later date to which the term of Executive’s engagement under the Agreement shall have been extended is referred
to herein as the “Engagement Term” and the end of the Engagement Term is referred to herein as the “Expiration
Date.”


 


4.       Base
Compensation. Initially, the Company shall pay to Executive a base compensation (the “Base Compensation”)
of $350,000 per year (prorated for any partial year), payable in equal semi-monthly installments, which Base Compensation shall
be increased to $550,000 per year upon completion of an initial public offering of the Company’s securities. In addition,
each year during the term of this Agreement, Executive shall be reviewed for purposes of determining the appropriateness of increasing
her Base Compensation hereunder. For purposes of the Agreement, the term “Base Compensation” as of any point
in time shall refer to the Base Compensation as adjusted pursuant to this Section 4.


 


5.       Target
Bonus. In addition to her Base Compensation, Executive shall be given the opportunity to earn an annual bonus (the “Bonus”)
of up to $300,000. The Bonus shall be earned by Executive upon the Company’s achievement of performance milestones for a
fiscal year (in each case, the “Target Year”) to be mutually agreed upon by the Executive and the Board or its
compensation committee. Such performance milestones shall be established by the last day of the first month of the Target Year.
The Bonus shall be paid by the fifteenth day of the second month of the fiscal year immediately following the Target Year. In the
event Executive is retained by the Company for less than the full Target Year for which a Bonus is earned pursuant to this Section 5,
Executive shall be entitled to receive a pro-rated Bonus for such Target Year based on the number of days Executive was retained
by the Company during such Target Year divided by 365. The determinations of the Board or its compensation committee with respect
to Bonuses will be final and binding.


 






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6.       Stock
Option Grants.  525,000 qualified stock options (the “Initial Options”) shall be granted to Executive under
SEC rule 701 and pursuant to the Company’s stock option plan upon commencement of the Engagement Term. In addition,
additional qualified stock options (the “Additional Options”; and together with the Initial Options, the “Options”)
shall be granted to Executive for each successive year of the Engagement Term, based upon a 100% equity equivalent of Base Compensation.
For purposes of clarity, the term “100% equity equivalent of Base Compensation” shall be calculated as follows: if
the Base salary for a given successive year is $550,000 and the fair market value per share on the date of grant is $10.00 per
share, then Executive will be granted 55,000 options exercisable at $10.00 per share for such successive year. Such Options will
have an exercise price equal to fair market value per share on the date of grant and will vest annually in equal amounts over a
period of two (2) years, with 50% shares vesting on the one-year anniversary of the date of grant and the remaining 50% shares
vesting on the two-year anniversary of the date of grant. The option agreements will include (i) a Change of Control provision
whereby as of immediately prior to a Change of Control of the Company, all of the stock options will vest and become fully exercisable
and (ii) a termination provision whereby in the event Executive’s engagement is terminated voluntarily without Good
Reason by the Employee or for Cause by the Company, the unvested stock options will expire forthwith but (iii) if such engagement
is terminated for any other reason (except death or Disability), the options may not be exercised at any time later than six (6) months
after such termination of Executive’s engagement. If Executive’s engagement is terminated by death or Disability, the
Options may be exercised within a period of one (1) year after such termination.


 


7.       Benefits. Executive
shall participate in all employee welfare and benefit plans and shall receive such other fringe benefits as the Company offers
to its senior executives and directors. Until such time that the Company implements an employee health insurance plan, the Company
agrees to reimburse Executive for all COBRA payments she makes to maintain health insurance coverage for herself and her family.


 


8.       Termination.


 


(a)       Termination
by the Company. Subject to the obligations of the Company set forth in Section 9, the Company may terminate Executive’s
engagement at any time and for any reason (or no reason), and with or without Cause, and without prejudice to any other right or
remedy to which the Company or Executive may be entitled at law or in equity or under this Agreement. Notwithstanding the foregoing,
in the event the Company desires to terminate the Executive’s engagement without Cause, the Company shall give the Executive
not less than sixty (60) days advance written notice. Executive’s engagement shall terminate automatically in the event of
her death.


 


(b)       Termination
by Executive. Executive may voluntarily terminate the Engagement Term upon sixty (60) days’ prior written notice for
any reason or no reason. Executive may terminate the engagement for Good Reason without notice.


 


(c)       Termination
for Death or Disability. Subject to the obligations of the Company set forth in Section 9, Executive’s engagement
shall terminate automatically upon her death. Subject to the obligations of the Company set forth in Section 9, in the event
Executive is unable to perform her duties as a result of Disability during the Engagement Term, the Company shall have the right
to terminate the engagement of Executive by providing written notice of the effective date of such termination.


 


9.       Payments
Upon Termination of Engagement.


 


(a)       Termination
for Cause, Death or Disability or Termination by Executive. In the event that Executive’s engagement hereunder is terminated
during the Engagement Term by the Company for Cause pursuant to Section 8(a), as a result of Executive’s death or Disability
pursuant to Section 8(c), or voluntarily without Good Reason by Executive, the Company shall compensate Executive (or in the
case of death, Executive’s estate) as follows: on the date of termination the Company shall pay to the Executive, if the
Executive or her legal representative instructs the Company in writing, a lump sum amount equal to (i) any portion of unpaid
Base Compensation then due for periods prior to the effective date of termination; (ii) any Bonus and/or Realization Bonus
earned and not yet paid through the date of termination; and (iii) within 2-1/2 months following submission of proper expense
reports by Executive or Executive’s estate, all expenses reasonably and necessarily incurred by Executive in connection with
the business of the Company prior to the date of termination.


 









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(b)       Termination
by Company Without Cause or by Executive For Good Reason. In the event that Executive’s engagement is terminated during
the Engagement Term by the Company without Cause pursuant to Section 8(a) or by Executive for Good Reason pursuant to
Section 8(b), the Company shall compensate Executive, as follows:


 


(i)       on
the date of termination, the Company shall pay to the Executive, if the Executive instructs the Company in writing, a lump sum
amount equal to (A) any portion of unpaid Base Compensation then due for periods prior to the effective date of termination;
(B) any Bonus earned and not yet paid through the date of termination; and (C) within 2-1/2 months following submission
of proper expense reports by Executive, all expenses reasonably and necessarily incurred by Executive in connection with the business
of the Company prior to the date of termination; and, provided that Executive executes a written release, substantially in the
form attached hereto as Exhibit “A”, of any and all claims against the Company and all related parties
with respect to all matters arising out of Executive’s engagement by the Company, the Company shall pay to the Executive
the Base Compensation and reimburse Executive’s payment of COBRA premiums for twelve (12) months from the date of termination.
In the event Executive’s engagement is terminated without Cause or for Good Reason and a Change of Control of the Company
occurs within six (6) months of such termination, Executive also shall be entitled to the severance benefits set forth under
Section 9(c).


 


(c)       Termination
in the Context of a Change of Control. Notwithstanding anything in Section 9(a) or 9(b) to the contrary,
in the event of Executive’s termination of engagement with the Company either (i) by the Company without Cause or Executive
for Good Reason at any time within six (6) months prior to the consummation of a Change of Control if, prior to or as of such
termination, a Change of Control transaction was Pending (as defined in Section 9(d) below) at any time during such six
(6)-month period, (ii) by Executive for Good Reason at any time within twelve (12) months after the consummation of a Change
of Control, or (iii) by the Company without Cause at any time within twelve (12) months after the consummation of a Change
of Control, then, Executive shall be entitled to the following payments and other benefits:


 


(i)       on
the date of termination (except as specified in clause (C)), the Company shall pay to the Executive, if the Executive instructs
the Company in writing, a lump sum amount equal to (A) any portion of unpaid Base Compensation then due for periods prior
to the effective date of termination; (B) any Bonus earned and not yet paid through the date of termination; and (C) within
2-1/2 months following submission of proper expense reports by Executive, all expenses reasonably and necessarily incurred by Executive
in connection with the business of the Company prior to the date of termination;


 


(ii)       on
the date of termination the Company shall pay to the Executive, if the Executive instructs the Company in writing, a lump sum amount
equal to twelve (12) months of Executive’s Base Compensation then in effect as of the day of termination and reimburse Executive
for the COBRA premiums she pays to maintain health insurance coverage for twelve (12) months following the date of termination;


 


(iii)       notwithstanding
any provision of any stock incentive plan, stock option agreement, realization bonus, restricted stock agreement or other agreement
relating to capital stock of the Company, all of the shares that are then unvested shall immediately vest and, with respect to
all options, warrants and other convertible securities of the Company beneficially held by Executive, become fully exercisable
for (A) a period of six months following the date of termination only if at the time of such termination there is a Change
of Control transaction Pending (as defined in Section 9(d) below) or (B) if clause (A) does not apply, then
such period of time set forth in the agreement evidencing the security; and


 


(iv)       Severance
benefits under this Section 9(c) and Section 9(b) above shall be mutually exclusive and severance under one
such section shall prohibit severance under the other.


 


(d)       Definition
of “Pending.” For purposes of Section 9(c), a Change of Control transaction shall be deemed to be “Pending”
each time any of the following circumstances exist: (A) the Company and a third party have entered into a confidentiality
agreement that has been signed by a duly-authorized officer of the Company and that is related to a potential Change of Control
transaction; or (B) the Company has received a written expression of interest from a third party, including a binding or non-binding
term sheet or letter of intent, related to a potential Change of Control transaction.


 









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(e)       If
Executive’s employment terminates for any reason, Executive shall have no obligation to seek other employment and there shall
be no setoff against amounts due to her under this Agreement for income or benefits from any subsequent employment.


 


10.       Indemnification.
The Company agrees to indemnify and hold harmless Executive, to the fullest extent permitted by the laws of the State of Delaware
and applicable federal law in effect on the date hereof, or as such laws may be amended to increase the scope of such permitted
indemnification, against any and all Losses if Executive was or is or becomes a party to or participant in, or is threatened to
be made a party to or participant in, any Claim by reason of or arising in part out of an Indemnifiable Event, including, without
limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which Executive is
solely a witness. For purposes of this section, “Claim” means any proceeding, threatened or contemplated civil, criminal,
administrative or arbitration action, suit or proceeding and any appeal therein and any inquiry or investigation which could lead
to such action, suit or proceeding. “Indemnifiable Event” means any event or occurrence, whether occurring before,
on or after the effective date of this Agreement, related to the fact that Executive was, or Executive was acting in her capacity
as, a director, officer, employee or agent of the Company or by reason of an action or inaction by Company or by Executive in any
such capacity whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided
under this Agreement. “Losses” means any and all damages, losses, liabilities, judgments, fines, penalties (whether
civil, criminal or other), ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, reasonable
expenses, including attorney’s fees, experts’ fees, court costs, transcript costs, travel expenses, printing, duplication
and binding costs, and telephone charges, and all other charges paid or payable in connection with investigating, defending, being
a witness in or participating (including on appeal), or preparing to defend, be a witness or participate in, any Claim. The Company
further agrees to maintain a directors and officers liability insurance policy covering Executive in an amount, and on terms no
less favorable to her than the coverage the Company provides other senior executives and directors. The Executive’s rights
under this Section shall not be exclusive of any other rights which the Executive may have or hereafter acquire under applicable
law or due to authorization of the Company’s Board of Directors.


 


11.       Successors.
Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or
otherwise) to all or substantially all of the Company’s business and/or assets or otherwise pursuant to a Change of Control
shall assume the Company’s obligations under this Agreement and agree expressly in writing to perform the Company’s
obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations
in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor
to the Company’s business and/or assets (including any parent company to the Company), whether or not in connection with
a Change of Control, which becomes bound by the terms of this Agreement by operation of law or otherwise.


 


12.       Notices.
Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given
when personally delivered (if to the Company, addressed to its Secretary at the Company’s principal place of business on
a non-holiday weekday between the hours of 9 a.m. and 5 p.m.; if to Executive, via personal service to her last known residence)
or three business days following the date it is mailed by U.S. registered or certified mail, return receipt requested and postage
prepaid.


 


13.       Confidential
Information.                 Executive
recognizes and acknowledges that by reason of Executive’s engagement by and service to the Company before, during and, if
applicable, after the Engagement Term, Executive will have access to certain confidential and proprietary information relating
to the Company’s business, which may include, but is not limited to, trade secrets, trade “know-how,” product
development techniques and plans, formulas, customer lists and addresses, financing services, funding programs, cost and pricing
information, marketing and sales techniques, strategy and programs, computer programs and software and financial information (collectively
referred to herein as “Confidential  Information”). Executive acknowledges that such Confidential Information
is a valuable and unique asset of the Company and Executive covenants that she will not, unless expressly authorized in writing
by the Company, at any time during the course of Executive’s engagement use any Confidential Information or divulge or disclose
any Confidential Information to any person, firm or corporation except in connection with the performance of Executive’s
duties for and on behalf of the Company and in a manner consistent with the Company’s policies regarding Confidential Information.
Executive also covenants that at any time after the termination of such engagement, directly or indirectly, she will not use any
Confidential Information or divulge or disclose any Confidential Information to any person, firm or corporation, unless such information
is in the public domain through no fault of Executive or except when required to do so by a court of law, by any governmental agency
having supervisory authority over the business of the Company or by any administrative or legislative body (including a committee
thereof) with apparent jurisdiction to order Executive to divulge, disclose or make accessible such information. All written Confidential
Information (including, without limitation, in any computer or other electronic format) which comes into Executive’s possession
during the course of Executive’s engagement shall remain the property of the Company. Unless expressly authorized in writing
by the Company, Executive shall not remove any written Confidential Information from the Company’s premises, except in connection
with the performance of Executive’s duties for and on behalf of the Company and in a manner consistent with the Company’s
policies regarding Confidential Information. Upon the termination of Executive’s engagement (or at such earlier time as the
Company may request me to do so), Executive will promptly deliver the same, in her possession, custody or control, to the Company
or to any party designated by it, without retaining any copies, notes or excerpts thereof; provided, however, that that Executive
may retain documents and information (including but not limited to contact information of third parties) in any computer or other
electronic format in her possession that fall outside the scope of the business of the Company or any of the products or services
being developed, manufactured or sold by the Company; provided, however, that Executive shall not be entitled to use any such retained
documents and information in any manner that breaches the otherwise applicable restrictions and terms of this Agreement. Executive
agrees to render to the Company, or to any party designated by it, such reports of the activities undertaken by her or conducted
under her direction during her engagement as the Company may request. To the extent any of the terms and conditions of the Nondisclosure
and Assignment of Inventions Agreement are inconsistent with the terms of this provision, the terms of this provision shall control.


 






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14.       Non-Competition;
Non-Solicitation.


 


(a)       Non-Compete.
The Executive hereby covenants and agrees that during the Engagement Term and for a period of one year following the Expiration
Date, the Executive will not, without the prior written consent of the Company, directly or indirectly, on her own behalf or in
the service or on behalf of others, whether or not for compensation, engage in any business activity, or have any interest in any
person, firm, corporation or business, through a subsidiary or parent entity or other entity (whether as a shareholder, agent,
joint venturer, security holder, trustee, partner, Executive, creditor lending credit or money for the purpose of establishing
or operating any such business, partner or otherwise) with any Competing Business in the Covered Area. For the purpose of this
Section 14(a), (i) “Competing Business” means any software-as-a-service or platform-as-a-service technology
which delivers learning modules to educational institutions or businesses as of the Expiration Date and (ii) “Covered
Area” means all geographical areas of the United States and other foreign jurisdictions where Company then has offices
and/or sells its products directly or indirectly through distributors and/or other sales agents. Notwithstanding the foregoing,
(A) the Executive may own shares of companies whose securities are publicly traded, so long as ownership of such securities does
not constitute more than five percent (5%) of the outstanding securities of any such company, and (B) the Executive shall have
the right during and after the Engagement Term to disclose to the Board any services which Executive is providing to third parties,
or any relationship which Executive is establishing with third parties, and to the extent such disclosed services and/or relationship
are approved by the Board, such approved matters shall thereafter be considered permissible under this Agreement and outside the
scope of Employee’s restrictions under this Section 14(a).


 


(b)       Non-Solicitation.
The Executive further agrees that during the Engagement Term and for a period of one (1) year from the Expiration Date, the
Executive will not divert any business of the Company and/or its affiliates or any customers or suppliers of the Company and/or
the Company’s and/or its affiliates’ business to any other person, entity or competitor, or induce or attempt to induce,
directly or indirectly, any person to leave her or her employment with the Company and/or its affiliates; provided, however, that
the foregoing provisions shall not apply to a general advertisement or solicitation program that is not specifically targeted at
such employees.


 


(c)       Remedies.
The Executive acknowledges and agrees that her obligations provided herein are necessary and reasonable in order to protect the
Company and its affiliates and their respective business and the Executive expressly agrees that monetary damages would be inadequate
to compensate the Company and/or its affiliates for any breach by the Executive of her covenants and agreements set forth herein.
Accordingly, the Executive agrees and acknowledges that any such violation or threatened violation of this Section 14 will
cause irreparable injury to the Company and that, in addition to any other remedies that may be available, in law, in equity or
otherwise, the Company and its affiliates shall be entitled to obtain injunctive relief against the threatened breach of this Section 14
or the continuation of any such breach by the Executive without the necessity of proving actual damages.


 









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15.       Engagement
Relationship. Executive’s engagement with the Company will be “at will,” meaning that either Executive or
the Company may terminate Executive’s engagement at any time and for any reason, with or without Cause or Good Reason. Any
contrary representations that may have been made to Executive are superseded by this Agreement. This is the full and complete agreement
between Executive and the Company on this term. Although Executive’s duties, title, compensation and benefits, as well as
the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of Executive’s
engagement may only be changed in an express written agreement signed by Executive and a duly authorized officer of the Company
(other than Executive).


 


16.       Miscellaneous
Provisions.


 


(a)       Modifications;
No Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or discharge
is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by
either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be
considered a waiver of any other condition or provision or of the same condition or provision at another time.


 


(b)       Entire
Agreement. This Agreement supersedes all prior agreements and understandings between the parties, oral or written. No modification,
termination or attempted waiver shall be valid unless in writing, signed by the party against whom such modification, termination
or waiver is sought to be enforced.


 


(c)       Choice
of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal substantive
laws, but not the conflicts of law rules, of the State of Delaware.


 


(d)       Severability.
The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability
of any other provision hereof, which shall remain in full force and effect.


 


(e)       Counterparts.
This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than one party, and
may be delivered by facsimile or other electronic means, but all of which shall be deemed originals and taken together will constitute
one and the same Agreement.


 


(f)       Headings.
The headings of the Articles and Sections hereof are inserted for convenience only and shall not be deemed to constitute a part
hereof nor to affect the meaning thereof.


 


(g)       Construction
of Agreement. In the event of a conflict between the text of the Agreement and any summary, description or other information
regarding the Agreement, the text of the Agreement shall control.


 


 


[Signature Page Follows]


 






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IN WITNESS WHEREOF,
each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year
first above written.


 


	COMPANY:	Amesite Inc.
	 	 
	 	 
	 	By:	/s/ Barbie Brewer
	 	Name:	Barbie Brewer
	 	Title:	Chair, Compensation Committee
	 	 	Authorized Signatory
	 	 	 
	 	 
	 	 
	EXECUTIVE:	/s/ Ann Marie Sastry, Ph.D.
	 	ANN MARIE SASTRY, PH.D.


 



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