Exhibit 10.3


 


EXECUTIVE
EMPLOYMENT AGREEMENT


 


THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), dated as of September 30, 2020 (the “Effective Date”)
is made and entered by and between Wall Street Acquisitions Corp a Delaware corporation whose address is 4440 S. Piedras Dr. Suite
136, San Antonio, TX 78228 (the “Company”), and Jimmy Ramirez, an individual whose address is 4440 S. Piedras Dr. Suite
136, San Antonio, TX 78228 (the “Executive”).


 


WITNESSETH:


 


WHEREAS,
the Company wishes to employ the Executive as President;


 


WHEREAS,
the Executive wishes to be employed by the Company as President;


 


NOW,
THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be
legally bound hereby, the Company and the Executive agree as follows:


 


1. Certain
Defined Terms. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in
this Agreement with initial capital letters:


 


(a)
“Annual Base Salary” means the Executive’s annual base salary rate. As of the Effective Date, Executive’s
annual base salary is $0.00 and subject to good faith negotiation and consistent with industry standards as shall be determined
upon completion of the public offering of the shares of the Company (the “Offering”).


 


(b)
“Board” means the Board of Directors of the Company.


 


(c)
“Cause” means:


 


(i)
an intentional tort (excluding any tort relating to a motor vehicle) which causes substantial loss, damage or injury to the property
or reputation of the Company or its subsidiaries;


 


(ii)
any serious crime or intentional, material act of fraud or dishonesty against the Company;


 


(iii)
the commission of a felony that results in other than immaterial harm to the Company’s business or to the reputation of the
Company or Executive;


 


(iv)
habitual neglect of Executive’s reasonable duties (for a reason other than illness or incapacity) which is not cured within
ten (10) days after written notice thereof by the Board to the Executive;


 


(v)
the disregard of written, material policies of the Company or its subsidiaries which causes other than immaterial loss, damage
or injury to the property or reputation of the Company or its subsidiaries which is not cured within ten (10) days after written
notice thereof by the Board to the Executive; or


 


(vi)
any material breach of the Executive’s ongoing obligation not to disclose confidential information and not to assign intellectual
property developed during employment which, if capable of being cured, is not cured within ten (10) days after written notice
thereof by the Board to the Executive.


 






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(c)
“Disability” means (i) the Executive has been incapacitated by bodily injury, illness or disease so
as to be prevented thereby from engaging in the performance of the Executive’s duties (provided, however, that the Company
acknowledges its obligations to provide reasonable accommodation to the extent required by applicable law); (ii) such total
incapacity shall have continued for a period of six (6) consecutive months; and (iii) such incapacity will, in the opinion
of a qualified physician, be permanent and continuous during the remainder of the Executive’s life.


 


(d)
“Good Reason Termination” means:


 







(i)
a material diminution in the Executive’s base compensation or target bonus below the amount as of the date of this Agreement
or as increased during the course of his employment with the Company, excluding one or more reductions (totaling no more than 20%
in the aggregate) generally applicable to all senior executives provided, however, that such exclusion shall not apply if the material
diminution in the Executive’s base compensation occurs within (A) 60 days prior to the consummation of a Change in Control
where such Change in Control was under consideration at the time of Executive’s Termination Date or (B) twelve (12) months
after the date upon which such a Change in Control occurs;


 


(ii)
a material diminution in the Executive’s authority, duties or responsibilities;


 


(iii)
a requirement that that the Executive report to a corporate officer or employee of the Company instead of reporting directly to
the Board (or if the Company has a parent corporation, a requirement that the Executive report to any individual or entity other
than the board of the ultimate parent corporation of the Company);


 


(iv)
a material diminution in the budget over which the Executive retains authority;


 


(v)
a material change in the geographic location at which the Executive must perform services; or


 


(vi)
any action or inaction that constitutes a material breach by the Company of this Agreement;


 


provided,
however, that for the Executive to be able to terminate his employment with the Company on account of Good Reason he must provide
notice of the occurrence of the event constituting Good Reason and his desire to terminate his employment with the Company on account
of such within ninety (90) days following the initial existence of the condition constituting Good Reason, and the Company
must have a period of thirty (30) days following receipt of such notice to cure the condition. If the Company does not cure
the event constituting Good Reason within such thirty (30) day period, the Executive’s Termination Date shall be the
day immediately following the end of such thirty (30) day period, unless the Company provides for an earlier Termination Date.





 


(h)
“Target Bonus” N/A. and subject to good faith negotiation and consistent with industry standards as shall be determined
upon completion of the Offering.


 


(i)
“Termination Date” means the last day of Executive’s employment with the Company.


 


(j)
“Termination of Employment” means the termination of Executive’s active employment relationship with the Company.


 


2. Termination
Unrelated to a Change in Control. N/A. and subject to good faith negotiation and consistent with industry standards as shall
be determined upon completion of the Offering.


 






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3. Termination
Related to a Change in Control. N/A. and subject to good faith negotiation and consistent with industry standards as shall
be determined upon completion of the Offering.


 


4. Term
of Agreement. This Agreement shall continue in full force and effect until the second anniversary of the Effective Date (the
“Initial Term”), and shall automatically renew for additional one (1) year renewal periods (a “Renewal Term”)
if Executive is employed by the Company on the last day of the Initial Term and on each Renewal Term; provided, however, that within
the sixty (60) to ninety (90) day period prior to the expiration of the Initial Term or any Renewal Term, at its discretion,
the Board may propose for consideration by Executive, such amendments to the Agreement as it deems appropriate. If Executive’s
employment with the Company terminates during the Initial Term or a Renewal Term, this Agreement shall remain in effect until all
of the obligations of the parties hereunder are satisfied or have expired.


 







5. Successors
and Binding Agreement.


 


(a)
The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise)
to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory
to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company
would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit
of the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all
or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise
(and such successor will thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise
be assignable, transferable or delegable by the Company.


 


(b)
This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees and legatees. This Agreement will supersede the provisions of any employment, severance
or other agreement between the Executive and the Company that relate to any matter that is also the subject of this Agreement,
and such provisions in such other agreements will be null and void.


 


(c)
This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, transfer
or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 5(a) and 5(b) herein.
Without limiting the generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not
be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer
by the Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer
contrary to this Section 5(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred
or delegated.


 


6. Notices.
For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or approvals,
required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or
dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five (5) business days after having
been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after
having been sent by a nationally recognized overnight courier service such as FedEx or UPS, addressed to the Company (to the attention
of the Secretary of the Company) at its principal executive office and to the Executive at his principal residence, or to such
other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes
of address will be effective only upon receipt.


 






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7. Governing
Law. The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance
with the substantive laws of the State of Texas, without giving effect to the principles of conflict of laws of such State.


 


8. Validity.
If any provision of this Agreement or the application of any provision hereof to any person or circumstances is held invalid, unenforceable
or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstances
will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent
(and only to the extent) necessary to make it enforceable, valid or legal.


 


9. Miscellaneous.
No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to
in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party
hereto or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver
of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations,
oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set
forth expressly in this Agreement. References to Sections are to references to Sections of this Agreement. Any reference in this
Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto.


 


10. Board
Membership. At each annual meeting of the Company’s stockholders prior to the Termination Date, the Company will nominate
Executive to serve as a member of the Board. Executive’s service as a member of the Board will be subject to any required
stockholder approval. Upon the termination of Executive’s employment for any reason, unless otherwise requested by the Board,
Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and Executive, at the
Board’s request, will execute any documents necessary to reflect his resignation.


 







11. Indemnification
and D&O Insurance. Executive will be provided indemnification to the maximum extent permitted by the Company’s and
its subsidiaries’ and affiliates’ Articles of Incorporation or Bylaws, including, if applicable, any directors and
officers insurance policies, with such indemnification to be on terms determined by the Board or any of its committees, but on
terms no less favorable than provided to any other Company executive officer or director and subject to the terms of any separate
written indemnification agreement.


 


12. Employee
Benefits. Executive will be eligible to participate in the Company employee benefit plans, policies and arrangements that are
applicable to other executive officers of the Company, as such plans, policies and arrangements may exist from time to time and
on terms at least as favorable as provided to any other executive officer of the Company.


 


13. No
Duplication of Benefits. The benefits provided to Executive in this Agreement shall offset substantially similar benefits provided
to Executive pursuant to another Company policy, plan or agreement (including without limitation the Symantec Corporation Executive
Severance Plan and the Symantec Corporation Executive Retention Plan).


 


14. Survival.
Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections
2 and 3, will survive any termination or expiration of this Agreement or the termination of the Executive’s employment for
any reason whatsoever.


 


15. Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together
will constitute one and the same agreement.


 






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N WITNESS WHEREOF, the
parties have caused this Agreement to be duly executed and delivered as of the date first above written.


 





	WALL
STREET ACQUISITIONS CORP	 
	 	 
	By:
	 /S/
FRANKLIN OGELE	 
	Name:
FRANKLIN OGELE	 
	Title:
Vice President, Chief Financial Officer, General Counsel and Secretary	 



 


	EXECUTIVE	 	 
	 	 
	/S/
JIMMY RAMIREZ	 
	Jimmy
Ramirez	 








 


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