Exhibit 10.1


 





EXECUTIVE EMPLOYMENT AGREEMENT


 


 


This EXECUTIVE EMPLOYMENT
AGREEMENT (“Agreement”) is made as of September 10th, 2015 and effective
as of the Closing Date (as defined in the Purchase Agreement), by and between PeerLogix Technologies, Inc., a Delaware Corporation,
(together with its successors and assigns, the “Company”) and Joshua Partridge (“Executive”).


 


R E C I T A L S


 


WHEREAS, the Company
desires to employ Executive and Executive desires to be employed by the Company as the Company’s Chief Operating Officer.


 


NOW, THEREFORE, in
consideration of the foregoing recitals, the mutual covenants and conditions herein, and other good and valuable consideration,
the receipt and adequacy of which is hereby acknowledged, the parties hereby agree as follows:


 


A G R E E M E N T


 


1.Employment
and Term. The Company hereby agrees to employ Executive and Executive hereby accepts employment by the Company on the terms
and conditions herein set forth. Executive’s term of employment by the Company under this Agreement (the “Term”)
shall commence on the date hereof and shall terminate on the day immediately following
the third (3rd) anniversary of the date hereof; provided, however, that the Term will thereafter be extended for
additional one-year periods unless the Company or the Executive gives six (6) months’ notice of the intention to terminate
this Agreement. The definition of “Term” shall include any extensions pursuant to this Agreement. Notwithstanding
the foregoing, Executive’s employment may be earlier terminated in accordance with the provisions of Section 5 below.


 


2.Position,
Duties and Responsibilities; Location.


 


2.1Position
and Duties. Executive shall be employed as Chief Operating Officer of the Company and Executive shall report to the Board
of Directors of the Company (the “Board”) and shall have such duties, powers and responsibilities
as are customarily assigned to a like executive of a similarly situated company, including exercising creative and
operational control of the Company, which duties, powers and responsibilities shall include
day to day management of the Company and events that are managed, promoted and/or controlled by the Company or its
subsidiaries.  In addition, Executive shall have such other duties and responsibilities, consistent with his position
as the Board may reasonably assign him.


 


2.2Exclusive
Services and Efforts. Executive agrees to devote his efforts, energies, and skill to the discharge of the duties and responsibilities
attributable to his position and, except as set forth herein, agrees to devote substantially all of his professional time and
attention during the Term exclusively to the business and affairs of the Company. It is expressly understood and agreed that,
during the Term, Executive will not be employed by, render services to, or represent, any other person, firm or company engaged
in a business of a similar nature or in competition with the Company without the prior written consent of the Company. Notwithstanding
the foregoing, Executive shall be entitled to engage in (a) service on the board of directors of not-for-profit organizations,
(b) other charitable activities and community affairs, and (c) management of his personal and family investments and affairs,
in each case to the extent such activities do not either individually or in the aggregate, materially interfere with the performance
of his duties and responsibilities to the Company.


 






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2.3Compliance
with Policies.       Executive shall be subject to the Bylaws, policies, codes of conduct,
policies, practices, procedures and rules of the Company.


 


3.Compensation.


 


3.1Base Salary.
During the Term, the Company hereby agrees to pay to Executive an annualized base salary initially of One Hundred and Twenty Thousand
Dollars ($120,000) (the “Salary”), with annual increases of 10% per year commencing one year, subject to all
applicable federal, state and local income and employment taxes and other required or elected withholdings and deductions, payable
in equal installments on the Company’s regularly-scheduled paydays as it is earned. Executive’s Salary will be reviewed
from time to time by the Board and may be increased based upon such factors as the
Board may deem relevant.


 


3.2Bonuses.
On an annual basis, the Board may grant Executive cash or equity bonuses in amounts to
be determined by the Board should the Board, in its sole discretion, deem the same appropriate
in light of Executive’s performance or the Company’s financial performance; provided, however, that
the failure of the Board to award any such bonus shall not give rise to any claim against
the Company.


 


3.3Long-Term
Incentive Compensation. Executive shall be entitled to participate in such equity incentive plans of the Company to the extent
that other senior executives of the Company participate in such equity incentive plans. The grant of any equity incentive awards
shall be at the discretion of the Board of Directors of Company.


 


4.Employee
Benefits; Etc.


 


4.1Participation
in Benefit Plans. During the Term, Executive shall be entitled to participate in all such health, 401k,
group insurance, welfare, pension, vacation, sick-leave, long-term disability and other employee benefit plans, programs
and arrangements as are made generally available from time to time to senior executives of the Company (which shall include all
customary health, life insurance and disability plans), such participation in each case to be on terms and conditions no less
favorable to Executive than to other senior executives of the Company generally. Executive’s rights and entitlements with
respect to any benefits shall be subject to the provisions of the relevant plans, contracts or policies providing such benefits.
Nothing contained herein shall be deemed to impose any obligation on the Company to maintain or adopt any such plans, policies
or contracts or to limit the Company’s right to modify or eliminate such plans, policies or contracts in its sole discretion.


 






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4.2Vacation.
During the Term, Executive shall be entitled to three (3) weeks paid vacation per calendar year in accordance with, and subject
to, the Company’s vacation policy, as it may change from time to time, with the timing of any such vacation to be agreed
upon. Executive shall additionally be permitted such other vacation time as the Executive may request, without pay, so long as
such additional vacation time doesn’t negatively affect Executive’s ability to carry out his duties hereunder.


 


4.3Expenses.
The Company shall reimburse Executive for all necessary and reasonable out-of-pocket travel and other business
expenses incurred by Executive, which relate to Executive’s duties hereunder, in accordance with the Company’s
relevant policies in effect from time to time.


 


5.Termination.


 


5.1General.
The Board may terminate Executive’s employment for any reason or no reason, and
Executive may terminate his employment for any reason or no reason, in either case subject to the terms of this Agreement. In
the event of the termination (i) by Executive of his employment hereunder for any reason other than for Good Reason; or (ii) in
the event Executive’s employment is terminated by the Board for Cause, he shall promptly resign from any board, committee,
and/or any other position he then holds that is affiliated with the Company. For purposes of this Agreement, the following terms
have the following meanings:


 


(a)“Accrued
Obligations” shall mean: any unpaid expense or other reimbursements due pursuant to Section 4.3 hereof or otherwise.


 


(b)“Cause”
shall mean any of the following: (i) deliberate failure to devote substantially all of Executive’s business time and best
efforts to his duties, except as otherwise provided herein; (ii) Executive is indicted for a felony; (iii) in carrying out his
duties hereunder, Executive engages in conduct that constitutes gross misconduct, or gross neglect and that, in either case, results
in material economic or reputational harm to the Company or its future business prospects or which otherwise materially impairs
Executive’s ability to effectively carry out his duties hereunder; or (iv) Executive’s material violation of this
Agreement or any material Company policy. For purposes of this Agreement, Cause shall not be
deemed to exist unless, following the initial existence of one of the conditions specified in clauses (i) or (iv) above and only
to the extent such condition can be remedied, the Executive fails to remedy the condition within thirty (30) days after receipt
of notice thereof. 


 


(c)“Disability”
shall mean Executive’s inability to substantially fulfill his duties on behalf of the Company for a continuous period of
six (6) months. If there is any disagreement between the Company and Executive as to Executive’s Disability or as to the
date any such Disability began or ended, the same shall be determined by a physician mutually acceptable to the Company and Executive
whose determination shall be conclusive evidence of any such Disability and of the date any such Disability began or ended.


 






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(d)“Good
Reason” shall mean any of the following:


 


(i)the assignment to the Executive
by the Company of duties in connection with, or a substantial alteration in the nature or status of, Executive's responsibility
on the later of the date of this Agreement or on the last date on which such responsibilities are increased;


 


(ii)a reduction by the Company
in the Executive's base salary as in effect on the later of the date of this Agreement or the last date on which such base salary
is increased:


 


(iii)any material breach by the Company
of any provision of this Agreement; provided, however, that the Executive shall give written notice to the Company which shall
indicate those specified provisions in this Agreement relied upon and which shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for such termination;


 


(iv)any failure by the Company to
obtain the assumption of this Agreement by any successors or assigns of the Company; or


 


(v)the Company’s material breach
of any term or condition of this Agreement, except to the extent that such breach was caused by malfeasance or negligence by the
Executive.


 


(e)For purposes
of this Agreement, Good Reason shall not be deemed to exist unless the termination of Executive’s employment for Good Reason
occurs within one hundred twenty (120) days following the Executive’s actual knowledge of the initial existence of one of
the conditions specified in clauses (i) through (v) above, Executive provides the Company with written notice of the existence
of such condition within thirty (30) days after becoming aware of the initial existence of the condition, and the Company fails
to remedy the condition within thirty (30) days after its receipt of such notice.


 


(f)“Termination
Date” shall mean the date on which Executive’s employment hereunder terminates in accordance with this Agreement.


 
 


5.2Termination
by the Company Without Cause. Subject to Section 5.7, in the event that Executive’s employment is terminated by the
Company without Cause, Executive shall be entitled to receive on the Termination Date the Accrued Obligations
plus a lump sum payment, payable within thirty (30) days of the Termination Date, in an amount equal to any and all unpaid
salary through the end of the Term (the third (3rd) anniversary of the execution of this Agreement) of this
Agreement.






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5.3Termination
for Good Reason.


 





(a)Subject
to Section 5.7, if the Executive's employment shall be terminated by the Executive for Good Reason, then the Company shall pay
to the Executive on the Termination Date as severance pay, the Accrued Obligations plus a lump sum payment, payable within thirty
(30) days of the Termination Date, in an amount equal to any and all unpaid salary through the end of the Term (the third (3rd)
anniversary of the execution of this Agreement) of this Agreement.







 


(b)The Executive
shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment
or otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the
Executive as a result of employment by another employer or by retirement benefits, after the date of termination, or otherwise.


 


(c)The provisions
of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish
the Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any benefit plan
of the Company, or other contract, plan or arrangement, or pursuant to applicable law.


 


5.4Death.
Executive’s employment shall terminate in the event of his death. Subject to Section 5.7, in the event that Executive’s
employment hereunder is terminated due to his death, the Term shall expire on the Termination Date and he and/or his estate or
beneficiaries (as the case may be) shall be entitled to the Accrued Obligations plus a lump sum payment, payable within thirty
(30) days following the Termination Date, in an amount equal to six (6) months’ of Executive's base salary as in effect
immediately prior to the Termination Date.


 


5.5Disability.
Either Executive or the Company may terminate Executive’s employment in the event
of his Disability (provided that no termination of Executive’s employment hereunder for Disability shall be effective unless
the party terminating Executive’s employment first gives at least five (5) days’ written notice of such termination
to the other party). Subject to Section 5.7, in the event that Executive’s employment hereunder is terminated due to his
Disability, the Term shall expire on the Termination Date and he and/or his estate or beneficiaries (as the case may be) shall
be entitled to the Accrued Obligations plus a lump sum payment, payable within thirty (30) days following the Termination Date,
in an amount equal to six (6) months’ of Executive's base salary as in effect immediately prior to the Termination Date.


 


5.6Termination
by the Company For Cause, by Executive not for Good Reason, or Nonrenewal of Term by Executive. In the event that Executive’s
employment hereunder is terminated by the Company for Cause, by Executive for any reason
other than for Good Reason, or Executive elects not to renew or extend the Term, the Term shall expire as of the Termination Date
and Executive shall be entitled to the Accrued Obligations to be paid by December 31 of the year in which the Termination Date
occurs.


 


5.7Release.
Executive’s entitlement to the payments described in Sections 5.2, 5.3, 5.4, 5.5 and 5.6 (other than the Accrued Obligations)
is expressly contingent upon Executive (or, in the event of Executive’s death, Executive’s beneficiaries) first providing
the Company with a signed general release of claims arising out of the Executive’s employment and termination of the Executive’s
employment, but excluding claims and causes of action relating to (i) the Company’s obligations to make payments after termination
of employment pursuant to the express terms of this Agreement or (i) the Purchase Agreement or any other agreement entered into
in connection with the transactions contemplated thereby, in favor of the Company substantially in the form attached hereto as
Exhibit A (the “Release”) and not revoking such Release for a period of seven days after its execution
or thereafter. In order to be effective, the Release must be delivered by Executive to the Company no later than forty-five (45)
days following the Termination Date.


 






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6.Other Tax
Matters.


 


6.1The Company shall
withhold all applicable federal, state and local taxes, social security and workers’ compensation contributions and other
amounts as may be required by law with respect to compensation payable to Executive pursuant to this Agreement.


 


6.2Notwithstanding
anything herein to the contrary, this Agreement is intended to be interpreted and applied so that the payment of the benefits
set forth herein either shall either be exempt from the requirements of Section 409A of the Code (“Section 409A”)
or shall comply with the requirements of such provision. Notwithstanding any provision of this Agreement to the contrary, if Executive
is a “specified employee” within the meaning of Section 409A, any payments or arrangements due upon a termination
of Executive’s employment under any arrangement that constitute a “nonqualified deferral of compensation” within
the meaning of Section 409A and which do not otherwise qualify under the exemptions under Treas. Regs. Section 1.409A-1 (including
without limitation, the short-term deferral exemption or the permitted payments under Treas. Regs. Section 1.409A-1(b)(9)(iii)(A)),
shall be delayed and paid or provided on the earlier of (i) the date which is six months after Executive’s “separation
from service” (as such term is defined in Section 409A and the regulations and other published guidance thereunder) for
any reason other than death, and (ii) the date of Executive’s death.


 


6.3After any Termination
Date, Executive shall have no duties or responsibilities that are inconsistent with having a “separation from service”
within the meaning of Section 409A as of the Termination Date and, notwithstanding anything in the Agreement to the contrary,
distributions upon termination of employment of nonqualified deferred compensation may only be made upon a “separation from
service” as determined under Section 409A and such date shall be the Termination Date for purposes of this Agreement. Each
payment under this Agreement or otherwise shall be treated as a separate payment for purposes of Section 409A. In no event may
Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement which constitutes
a “nonqualified deferral of compensation” within the meaning of Section 409A and to the extent an amount is payable
within a time period, the time during which such amount is paid shall be in the discretion of the Company.


 






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6.4To the extent
that any reimbursements pursuant to Section 4 or otherwise are taxable to Executive, any reimbursement payment due to Executive
pursuant to such Section shall be paid to Executive on or before the last day of Executive’s taxable year following the
taxable year in which the related expense was incurred. The reimbursements pursuant to Section 4 or otherwise are not subject
to liquidation or exchange for another benefit and the amount of such reimbursements that Executive receives in one taxable year
shall not affect the amount of such reimbursements that Executive receives in any other taxable year.


 


7.Confidentiality.
Other than in the ordinary course of his duties for the Company, unless he obtains the prior written consent of the Company, Executive
shall at all times keep confidential and shall refrain from using, disclosing, disseminating, publishing, or causing to be used,
disclosed, disseminated or published, for the benefit of himself, or any person or entity other than the Company or its subsidiaries,
any Confidential Information (unless such Confidential Information is readily ascertainable from public or published information
or trade sources or has otherwise been made available to the public through no fault of his own) until the same ceases to be material
(or becomes so ascertainable or available); provided, however, that nothing in this Section 7 shall prevent
Executive, with or without the Company’s consent, from participating in or disclosing Confidential Information in connection
with (i) any judicial or administrative investigation, inquiry or proceeding pursuant to which Executive is required by law or
by a court, government agency or legislative body to divulge, disclose or make accessible such information, in which case Executive
shall provide the Company with prompt written notice or (ii) the Company’s (or any parent company resulting from a reverse
merger transaction) public reporting requirements to the extent that such participation or disclosure is required under applicable
law. “Confidential Information” means (A) confidential or proprietary information or trade secrets of or relating
to the Company or any of its subsidiaries or affiliates (collectively, the “Company Group”) including, without
limitation, intellectual property in the form of patents, trademarks and copyrights and applications thereof, ideas, inventions,
works discoveries, improvements, information, documents, formulae, practices, processes, methods, developments, source code, modifications,
technology, techniques, data, programs, other know-how or materials, in each case, that are confidential and/or proprietary and
owned, developed or possessed by the Company Group, whether in tangible or intangible form or (B) confidential or proprietary
information with respect to the Company Group’s operations, processes, products, inventions, business practices, strategies,
business plans, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual
relationships, regulatory status, prospects and compensation paid to employees or other terms of employment.


 


8.Non-Disparagement.
During and after the Term, Executive and Company Group each agree not to make, publish or communicate to any person or entity
or in any public forum (including, without limitation, on the internet, to the media, via published material, to analysts or in
comparable forums) any comments or statements (written or oral) that criticize, denigrate or disparage, or are detrimental to,
the reputation or stature of any member of the Company Group or the Executive, respectively, or their businesses, or any of their
respective affiliates, officers, directors, employees or agents; provided, however, that nothing in this Agreement
shall restrict Executive or the Company Group from making truthful statements (a) when required by law, subpoena, court order
or the like; (b) when requested by a governmental, regulatory, or similar body or entity; (c) in confidence to a professional
advisor for the purpose of securing professional advice; (d) in the course of performing his duties during the Term; (e) from
rebutting any statement made or written about him or it; or (f) from making normal competitive statements about the business or
products of any member of the Company Group.






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9. Non-Competition.
During the Term and for a period of one (1) year following the Termination Date, Executive shall not, directly or indirectly,
(a) solicit, induce or cause any person or entity with which Executive or any member of the Company Group had a business relationship
with respect to the Business (as defined in the Purchase Agreement) (a “Restricted Person”) to reduce or terminate
such person’s or entity’s business relationship with any member of the Company Group or any of their respective affiliates
or their successors or assigns, in each case with respect to the Business (as defined in the Purchase Agreement) or any portion
of the business of the Company, or any of its Affiliates or their successors or assigns in which the Executive actually participates
or participates in the planning thereof, approach any such person or entity for any such purpose, authorize or assist in the taking
of any of such actions for any such purpose, or authorize or assist in the taking of any such actions by any person or entity,
(b) engage in any Restricted Activity, (c) acquire, or own in any manner, any interest in any entity that engages in any Restricted
Activity, or that engages in any business, activity or enterprise that competes with any aspect of any of Restricted Activity,
or (d) have an interest in (whether as an owner, director, officer, partner, member, manager, joint venturer, lender, shareholder,
vendor, consultant, employee, advisor, agent, independent contractor or otherwise), or otherwise participate in the management
or operation of, any entity that engages in any Restricted Activity or in any business, activity or enterprise that competes with
any Restricted Activity; except that this Section 9 will not apply to the ownership of less than five percent (5%) of the outstanding
stock of any entity that has a class of securities that is publicly traded. “Restricted Activity” means any activity
that is, or would reasonably be deemed to be, competitive with any material aspect of the Company.


 


10.Non-Solicitation.
During the Term and for a period of twelve (12) months following the Termination Date, Executive shall neither, directly nor indirectly,
hire, solicit, or recruit any Restricted Person, other than accountants, attorneys and other professionals that have provided
services to Executive, or attempt to persuade any Restricted Person to terminate such Restricted Person’s employment, consulting,
advisory, or other services contract or arrangement with any member of the Company Group or any of their affiliates. Notwithstanding
the foregoing, Executive shall not be deemed to have breached this Section by soliciting his executive assistant to leave his
employment with the Company Group.


 


11.Notices.
Except as otherwise specifically provided herein, any notice, consent, demand or other communication to be given under or in connection
with this Agreement shall be in writing and shall be deemed duly given when delivered personally, when transmitted by facsimile
transmission, one (1) day after being deposited with Federal Express or other nationally recognized overnight delivery service
or three (3) days after being mailed by first class mail, charges or postage prepaid, properly addressed, if to the Company, at
its principal office, and, if to Executive, at his last address on file with the Company. Any party may change such address from
time to time by notice to the others.


 






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12.Governing
Law. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York,
exclusive of any choice of law rules.


 


13.Arbitration;
Legal Fees. To ensure the timely and economical resolution of disputes that may arise in connection with Executive’s
employment with the Company, Executive and the Company each agree that any and all disputes, claims, or causes of action arising
from or relating to the enforcement, breach, performance, negotiation, execution, or interpretation of this Agreement, Executive’s
employment, or the termination of Executive’s employment, including but not limited to statutory, contractual and other
claims, other than a dispute relating to the restrictions in Sections 7, 8, 9 and 10 in which the exclusive relief sought is an
equitable remedy such as an injunction, shall be resolved to the fullest extent permitted by law by final, binding and confidential
arbitration, by a single arbitrator, in New York, New York, conducted by JAMS, Inc. (“JAMS”). The arbitration
shall be conducted in accordance with the applicable employment rules of JAMS then in effect and the requirements of New
York law and the Federal Arbitration Act (9 U.S.C., Sections 1-14) regarding the terms and enforcement of arbitration agreements.
The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such
relief as would otherwise be permitted by law, and (b) issue a written arbitration decision, to include the arbitrator’s
essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies
that Executive or the Company would be entitled to seek in a court of law. In the event of any material contest or dispute relating
to this Agreement or the termination of Executive’s employment hereunder, each of the parties shall bear its own costs and
expenses unless the arbitrator determines otherwise.


 


14.Amendments;
Waivers. This Agreement may not be modified or amended or terminated except by an instrument in writing, signed by Executive
and a duly-authorized officer of the Company (other than Executive). By an instrument in writing similarly executed, either party
may waive compliance by the other party with any provision of this Agreement that such other party was or is obligated to comply
with or perform; provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect
to, any other or subsequent failure.


 


15.Assignment.
Except as otherwise specifically provided herein, this Agreement, and Executive’s rights and obligations hereunder, may
not be assigned by Executive or the Company and any attempt to do so shall be null and void. The Company may assign its rights,
together with its obligations, hereunder to an affiliate or subject to the Termination provisions of Section 5 hereof, in connection
with any sale, transfer or other disposition of all or substantially all of its business or assets of the Company; in any event
the rights and obligations of the Company hereunder shall be binding on its successors or assigns, whether by merger, consolidation
or acquisition of all or substantially all of its business or assets. This Agreement shall inure to the benefit of, and be binding
upon, Executive and his executors, administrators, heirs and legal representatives.


 






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16.Headings.
The headings of the Sections and sub-sections contained in this Agreement are for convenience only and shall not be deemed to
control or affect the meaning or construction of any provision of this Agreement.


 


17.Severability.
Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective
and valid under applicable law but the invalidity or unenforceability of any provision or portion of any provision of this Agreement
in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of this Agreement, including that provision or portion of any provision, in any other jurisdiction.
Moreover, if any of the provisions contained in this Agreement are determined by a court of competent jurisdiction to be excessively
broad as to duration, activity, geographic application or subject, it shall be construed, by limiting or reducing it to the extent
legally permitted, so as to be enforceable to the extent compatible with then applicable law.


 


18.Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts
shall together constitute one and the same instrument. Signatures delivered by facsimile or e-mail (as a .pdf, .tif or similar
un-editable attachment) shall be effective for all purposes.


 


19.Entire Agreement.
This Agreement contains the entire agreement of the parties and supersedes all prior or contemporaneous negotiations, correspondence,
understandings and agreements between the parties regarding the subject matter of this Agreement.


 


[Remainder of page
intentionally left bank. Signature page follows.]


 




 






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IN WITNESS WHEREOF,
this Agreement has been duly executed by or on behalf of the parties hereto as of the date first above written.


 


 


 


	 	PEERLOGIX
    TECHNOLOGIES, INC.
	 	 
	 	 
	 	 
	 	By: /s/ William Gorfein
	 	Name: William Gorfein
	 	Title: Director









 


	 	EXECUTIVE:
	 	 
	 	 
	 	 /s/ Joshua Partridge
	 	Name: Joshua Partridge


 


 


 


 







[Signature Page to Joshua Partridge Employment
Agreement]


 




 


 






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Exhibit A


 


Release


 


(see attached.)




 


 


 


 


 


 






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GENERAL RELEASE OF CLAIMS


 


 


 


1._______________
(“Employee”), for himself and his family, heirs, executors, administrators, legal representatives and their
respective successors and assigns, in exchange for the consideration received pursuant to Section 5 of the Employment Agreement
to which this release is attached as Exhibit A (the “Agreement”), does hereby release and forever discharge
PeerLogix Technologies, Inc. (the “Company”) and its subsidiaries, affiliated companies, successors and assigns,
and their current or former directors, officers, employees, shareholders or agents in such capacities (collectively with the Company,
the “Released Parties”) from any and all actions, causes of action, suits, controversies, claims and demands
whatsoever, whether known or unknown (“Claims”), under any applicable laws arising solely under or in connection
with Employee’s employment or termination thereof, whether for tort, breach of express or implied employment contract, wrongful
discharge, intentional infliction of emotional distress, or defamation or injuries incurred on the job or incurred as a result
of loss of employment. Employee acknowledges that the Company encouraged him to consult with an attorney of his choosing, and through
this General Release of Claims encourages him to consult with his attorney with respect to possible claims under the Age Discrimination
in Employment Act (“ADEA”) and that he understands that the ADEA is a Federal statute that, among other things,
prohibits discrimination on the basis of age in employment and employee benefits and benefit plans. Without limiting the generality
of the release provided above, Employee expressly waives any and all claims under ADEA that he may have as of the date hereof.
Employee further understands that by signing this General Release of Claims he is in fact waiving, releasing and forever giving
up any claim under the ADEA as well as all other laws within the scope of this paragraph 1 that may have existed on or prior to
the date hereof. Notwithstanding anything in this paragraph 1 to the contrary, this General Release of Claims shall not apply to
(i) any Claims or rights to receive any payments or benefits pursuant to Section 5 of the Agreement, (ii) any rights or Claims
that may arise as a result of events occurring after the date this General Release of Claims is executed, (iii) any Claims or rights
to indemnification the Employee may have as a former officer or director of the Company or its subsidiaries or affiliated companies,
(iv) any Claims or rights to benefits under any employee benefit plan maintained by the Company or its subsidiaries or affiliated
companies that is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended, (v) any Claims
or rights for benefits under any directors’ and officers’ liability policy maintained by the Company or its subsidiaries
or affiliated companies in accordance with the terms of such policy, and (vi) any Claims or rights as a holder of equity securities
of the Company.


 


2.Employee represents
that he has not filed against the Released Parties any complaints, charges, or lawsuits arising out of his employment, or any other
matter arising on or prior to the date of this General Release of Claims, and covenants and agrees that he will never individually
or with any person file, or commence the filing of, any charges, lawsuits, complaints or proceedings with any governmental agency,
or against the Released Parties with respect to any of the matters released by Employee pursuant to paragraph 1 hereof (a “Proceeding”);
provided, however, Employee shall not have relinquished his right to commence a Proceeding to challenge whether Employee
knowingly and voluntarily waived his rights under ADEA.


 






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3.Employee hereby
acknowledges that the Company has informed him that he has up to twenty-one (21) days to sign this General Release of Claims and
he may knowingly and voluntarily waive that twenty-one (21) day period by signing this General Release of Claims earlier. Employee
also understands that he shall have seven (7) days following the date on which he signs this General Release of Claims within which
to revoke it by providing a written notice of his revocation to the Company.


 


4.Employee acknowledges
that this General Release of Claims will be governed by and construed and enforced in accordance with the internal laws of the
State of New York applicable to contracts made and to be performed entirely within such State.


 


5.Employee acknowledges
that he has read this General Release of Claims, that he has been advised that he should consult with an attorney before he executes
this general release of claims, and that he understands all of its terms and executes it voluntarily and with full knowledge of
its significance and the consequences thereof.


 


6.This General
Release of Claims shall take effect on the eighth day following Employee’s execution of this General Release of Claims unless
Employee’s written revocation is delivered to the Company within seven (7) days after such execution.


 




 


 





	 	 
	 	 
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