# EDGAR Filing Document

**Accession Number:** 0001066764
**File Stem:** 0001493152-26-021523
**Filing Date:** 2026-5
**Character Count:** 147615
**Document Hash:** 37e7364e89354532cbec4ea48f96e37a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-021523.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001493152-26-021523

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260430

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bimergen Energy Corp
- **CENTRAL INDEX KEY:** 0001066764
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980187705
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-43138
- **FILM NUMBER:** 26949603

**BUSINESS ADDRESS:**
- **STREET 1:** 895 DOVE STREET
- **STREET 2:** SUITE 300
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** (855) 777-0888

**MAIL ADDRESS:**
- **STREET 1:** 895 DOVE STREET
- **STREET 2:** SUITE 300
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bitech Technologies Corp
- **DATE OF NAME CHANGE:** 20220505

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spine Injury Solutions, Inc
- **DATE OF NAME CHANGE:** 20151007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spine Pain Management, Inc
- **DATE OF NAME CHANGE:** 20091201

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported): April 30, 2026**

**BIMERGEN ENERGY CORPORATION**

(Exact Name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **<u>Delaware</u>** | **<u>001-43138</u>** | **<u>93-3419812</u>** |
| (State or Other Jurisdiction of<br> Incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **895 Dove Street. Suite 300**<br> **Newport Beach, California** | **92660** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**(855) 946-0154**

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per share | BESS | NYSE American LLC |
| Common Stock Purchase Warrants | BESSWS | NYSE American LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On April 30, 2026, Bimergen Energy Corporation ("Bimergen") Compensation Committee entered into amendments of its employment agreements with Robert J. Brilon as Co-Chief Executive Officer and Chief Financial Officer (the "Brilon Agreement") and Cole W. Johnson as Co-Chief Executive Officer and President (the "Johnson Agreement") effective April 1, 2026.

The Brilon Agreement has the officer title updated to add the Co-Chief Executive Officer position and increases Mr. Brilon's base salary to $425,000 per year which can be increased at the discretion of the Board of Directors. In addition, Mr. Brilon has performance bonuses that Mr. Brilon can earn with the achievement of certain milestones. The term of the agreement is five years and will automatically renew for a one year period if it is not terminated earlier.

The Johnson Agreement has the officer title updated to add the Co-Chief Executive Officer position and increases Mr. Johnson's base salary to $425,000 per year which can be increased at the discretion of the Board of Directors. In addition, Mr. Johnson has performance bonuses that Mr. Johnson can earn with the achievement of certain milestones. The term of the agreement is five years and will automatically renew for a one year period if it is not terminated earlier.

The foregoing descriptions of the Brilon Agreement and Johnson Agreement are not intended to be complete and are qualified in its entirety by reference to the Employment Agreement Amendments attached hereto as Exhibit 10.1 and 10.2 respectively and incorporated by reference into this Item 5.02.

**Section 9 – Financial Statements and Exhibits**

**Item 9.01 Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Description** |
| 10.1 | [Robert Brilon Employment Agreement dated April 30, 2026](ex10-1.htm) |
| 10.2 | [Cole W. Johnson Employment Agreement dated April 30, 2026](ex10-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | BIMERGEN ENERGY CORPORATION | BIMERGEN ENERGY CORPORATION |
| Date: May 6, 2026 | By: | */s/ Robert J. Brilon* |
|  | Name: | Robert J. Brilon |
|  | Title: | Co-Chief Executive Officer and Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**Executive Employment Agreement**

**Robert J Brilon**

Dated as of April 30, 2026

This Executive Employment Agreement (the "Agreement") dated as of the date first set forth above (the "Effective Date") is entered into by and between Bimergen Energy Corporation, a Delaware corporation (the "Company") and **Robert J Brilon** (the "Executive"). The Company and Executive may collective be referred to as the "Parties" and each individually as a "Party".

WHEREAS, the Company now desires to employ the Executive as the Co-Chief Executive Officer and Chief Financial Officer of the Company and the Executive desires to serve in such capacities on behalf of the Company, in each case subject to the terms and conditions herein;

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Executive hereby agree as follows:

Section 1. <u>Employment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Term</u>.
 The term of this Agreement (the "Initial Term") shall begin as of the Effective
 Date and shall end on the earlier of (i) the fifth (5<sup>th</sup>) annual anniversary of
 the Effective Date and (ii) the time of the termination of the Executive's employment
 in accordance with Section 3. The Initial Term and any Renewal Term (as defined below) shall
 automatically be extended for one or more additional terms of one (1) year each (each a "Renewal
 Term" and together with the Initial Term, the "Term"), unless either the
 Company or Executive provides notice to the other Party of their desire to not so renew the
 Initial Term or Renewal Term (as applicable) with at least thirty (30) days' written
 notice prior to the expiration of the then-current Initial Term or Renewal Term, as applicable.
 Executive's employment with the Company shall be "at will," meaning that
 either Executive or the Company may terminate Executive's employment at any time and
 for any reason, subject to Section 3. Any contrary representations that may have been made
 to Executive are superseded by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Duties</u>.
 The Company hereby appoints Executive, and Executive shall serve, as the Co-Chief Executive
 Officer and Chief Financial Officer of the Company and shall report to the Board of Directors
 of the Company (the "Board") and to such other persons as designated by the Board.
 The Executive shall have such duties and responsibilities as are consistent with Executive's
 position with the Company. In addition, the Executive shall perform all other duties and
 accept all other responsibilities incident to such position as may reasonably assigned to
 Executive by the Board. The Executive will perform the duties remotely and also may hold
 other director and executive positions.

Section 2. <u>Compensation and Other Benefits</u>. As compensation for the services to be rendered hereunder, during the Term the Company shall pay to the Executive the salary and bonuses, and shall provide the benefits, as set forth in this Section 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Base Salary</u>. The Company shall pay to the Executive an annual base salary of $425,000, payable
 on a monthly basis commencing on the Effective Date (as the same may be adjusted herein,
 the "Base Salary"). The Base Salary shall be paid in accordance with the Company's
 payroll policies and accrue from April 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Option Issuance</u>. The Executive shall be eligible to receive any performance and discretionary
 bonuses as determined by the Compensation Committee and Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Bonus</u>.
 The Executive shall be eligible to receive any performance and discretionary bonuses as determined
 by the Compensation Committee and Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Fringe Benefits.</u> During the Term, the Executive shall be entitled to fringe benefits consistent
 with the practices of the Company, and to the extent the Company provides similar benefits
 to the Company's executive officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Business Expenses</u>. The Executive shall be entitled to reimbursement for all reasonable and necessary
 out-of-pocket business, entertainment and travel expenses incurred by the Executive in connection
 with the performance of Executive's duties hereunder and in accordance with the Company's
 expense reimbursement policies and procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>D&O Insurance</u>. Executive shall have the exclusive option to obtain Directors & Officers
 Insurance ("D&O Insurance") and the Company shall reimburse Executive for
 D&O Insurance if the Company does not have D&O insurance that covers the Executive.

Section 3. <u>Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition of Cause</u>. For purposes hereof, "Cause" shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 violation of any material written rule or policy of the Company for which violation any employee
 may be terminated pursuant to the written policies of the Company reasonably applicable to
 an executive employee;

(ii) misconduct
 by the Executive to the material detriment of the Company;

(iii) the
 Executive's conviction (by a court of competent jurisdiction, not subject to further
 appeal) of, or pleading guilty to, a felony;

(iv) the
 Executive's gross negligence in the performance of Executive's duties and responsibilities
 to the Company as described in this Agreement; or

(v) the
 Executive's material failure to perform Executive's duties and responsibilities
 to the Company as described in this Agreement (other than any such failure resulting from
 the Executive's incapacity due to physical or mental illness or any such failure subsequent
 to the Executive being delivered a notice of termination without Cause by the Company or
 delivering a notice of termination for Good Reason to the Company), in either case after
 written notice from the Board to the Executive of the specific nature of such material failure
 and the Executive's failure to cure such material failure within 10 days following
 receipt of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Definition of Good Reason</u>. For purposes hereof, "Good Reason" shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 any time following a Change of Control (as defined below), a material diminution by the Company
 of compensation and benefits (taken as a whole) provided to the Executive immediately prior
 to a Change of Control;

(ii) a
 reduction in Base Salary or target or maximum bonus, other than as part of an across-the-board
 reduction in salaries of management personnel; or

(iii) a
 material breach by the Company of any of the terms and conditions of this Agreement which
 the Company fails to correct within 10 days after the Company receives written notice from
 Executive of such violation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Definition of Change of Control</u>. A "Change of Control" shall be deemed to have occurred
 if, after the Effective Date, (i) the beneficial ownership (as defined in Rule 13d-3 under
 the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of securities
 representing more than 50% of the combined voting power of the Company is acquired by any
 "person" as defined in sections 13(d) and 14(d) of the Exchange Act (other than
 the Company, any subsidiary of the Company, or any trustee or other fiduciary holding securities
 under an employee benefit plan of the Company), (ii) the merger or consolidation of the Company
 with or into another corporation where the shareholders of the Company, immediately prior
 to the consolidation or merger, would not, immediately after the consolidation or merger,
 beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly
 or indirectly, shares representing in the aggregate 50% or more of the combined voting power
 of the securities of the corporation issuing cash or securities in the consolidation or merger
 (or of its ultimate parent corporation, if any) in substantially the same proportion as their
 ownership of the Company immediately prior to such merger or consolidation, or (iii) the
 sale or other disposition of all or substantially all of the Company's assets to an
 entity, other than a sale or disposition by the Company of all or substantially all of the
 Company's assets to an entity, at least 50% of the combined voting power of the voting
 securities of which are owned directly or indirectly by shareholders of the Company, immediately
 prior to the sale or disposition, in substantially the same proportion as their ownership
 of the Company immediately prior to such sale or disposition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Termination by the Company</u>. The Company may terminate the Term and Executive's employment hereunder
 at any time, with or without Cause, subject to the terms and conditions herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>For Cause</u>. In the event that the Company terminates the Term or Executive's employment
 hereunder with Cause, then in such event, subject to Section 3(i), (i) the Company shall
 pay to Executive any unpaid Base Salary and benefits then owed or accrued, and any unreimbursed
 expenses, pursuant to the terms of Section 2(e), incurred by the Executive in each case through
 the termination date, and each of which shall be paid within 10 days following the termination
 date; (ii) any unvested portion of any equity granted to Executive hereunder or under the
 Award Agreement or any other agreements with the Company (collectively, the "Equity
 Grants") shall immediately be forfeited as of the termination date without any further
 action of the Parties; and (iii) all of the Parties' rights and obligations hereunder
 shall thereafter cease, other than such rights or obligations which arose prior to the termination
 date or in connection with such termination, and subject to Section 15.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Without Cause</u>. In the event that the Company terminates the Term or Executive's employment
 hereunder without Cause, then in such event, subject to Section 3(i), (i) the Company shall
 pay to Executive any Base Salary, bonuses, and benefits then owed or accrued, and any unreimbursed
 expenses incurred by the Executive in each case through the termination date, and each of
 which shall be paid within 10 days following the termination date; (ii) the Company shall
 pay to Executive, in one lump sum, an amount equal to the Base Salary that would have been
 paid to Executive for the remainder of the Initial Term (if such termination occurs during
 the Initial Term) or Renewal Term (if such termination occurs during a Renewal Term), as
 applicable, which shall be paid within 10 days following the termination date; (iii) any
 Equity Grant already made to Executive shall, to the extent not already vested, be deemed
 automatically vested; and (iv) all of the Parties' rights and obligations hereunder
 shall thereafter cease, other than such rights or obligations which arose prior to the termination
 date or in connection with such termination, and subject to Section 15.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Termination by the Executive</u>. The Executive may terminate the Term and resign from Executive's
 employment hereunder at any time, with or without Good Reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>With Good Reason</u>. In the event that Executive terminates the Term or resigns from Executive's
 employment hereunder with Good Reason, the Company shall pay to Executive the amounts, and
 Executive shall, subject to Section 3(i), be entitled to such benefits (including without
 limitation any vesting of unvested shares under any Equity Grant), that would have been payable
 to Executive or which Executive would have received had the Term and Executive's employment
 been terminated by the Company without Cause pursuant to Section 3(d)(ii).

(ii) <u>Without Good Reason</u>. In the event that Executive terminates the Term or resigns from Executive's
 employment hereunder without Good Reason, the Company shall pay to Executive the amounts,
 and Executive shall be entitled, subject to Section 3(i), to such benefits (including without
 limitation any vesting of unvested shares under any Equity Grant), that would have been payable
 to Executive or which Executive would have received had the Term and Executive's employment
 been terminated by the Company with Cause pursuant to Section 3(d)(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Termination by Death or Disability</u>. In the event of the Executive's death or total disability
 (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) during
 the Term, the Term and Executive's employment shall terminate on the date of death
 or total disability. In the event of such termination, the Company's sole obligations
 hereunder to the Executive (or the Executive's estate) shall be for unpaid Base Salary,
 accrued but unpaid bonus and benefits (then owed or accrued and owed in the future), a pro-rata
 bonus for the year of termination based on the Executive's target bonus for such year
 and the portion of such year in which the Executive was employed, and reimbursement of expenses
 pursuant to the terms hereon through the effective date of termination, each of which shall
 be paid within 10 days following the date of the Executive's termination, and any unvested
 portion of any Equity Grants shall immediately be forfeited as of the termination date without
 any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Non-Renewal</u>.
 In the event that the Term is not renewed by the Company pursuant to the provisions of Section
 1(a), any unvested portion of any Equity Grants shall immediately vest as of the expiration
 of the Term without any further action of the Parties. In the event that the Term is not
 renewed by the Executive pursuant to the provisions of Section 1(a), any unvested portion
 of any Equity Grants shall immediately be forfeited as of the expiration of the Term without
 any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Change of Control.</u> In the event that a Change of Control occurs during the Term, any unvested
 portion of any Equity Grants shall, to the extent not already vested, be deemed automatically
 vested immediately without any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Conflict</u>.
 In the event of a conflict between the terms and conditions herein and those in any other
 agreement or contract between the Company and the Executive with respect to any Equity Grants
 granted to Executive, the terms and conditions of such other agreement or contract shall
 control.

Section 4. <u>Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Anything
 in this Agreement to the contrary notwithstanding, if it is determined that any payment or
 benefit provided to the Executive under this Agreement or otherwise, whether or not in connection
 with a Change of Control (a "Payment"), would constitute an "excess parachute
 payment" within the meaning of section 280G of the Internal Revenue Code of 1986, as
 amended (the "Code"), such that the Payment would be subject to an excise tax
 under section 4999 of the Code (the "Excise Tax"), the Company shall pay to the
 Executive an additional amount (the "Gross-Up Payment") such that the net amount
 of the Gross-Up Payment retained by the Executive after the payment of any Excise Tax and
 any federal, state and local income and employment tax on the Gross-Up Payment, shall be
 equal to the Excise Tax due on the Payment and any interest and penalties in respect of such
 Excise Tax. For purposes of determining the amount of the Gross-Up Payment, Executive shall
 be deemed to pay federal income tax and employment taxes at the highest marginal rate of
 federal income and employment taxation in the calendar year in which the Gross-Up Payment
 is to be made and state and local income taxes at the highest marginal rate of taxation in
 the state and locality of Executive's residence (or, if greater, the state and locality
 in which Executive is required to file a nonresident income tax return with respect to the
 Payment) in the calendar year in which the Gross-Up Payment is to be made, net of the maximum
 reduction in federal income taxes that may be obtained from the deduction of such state and
 local taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All
 determinations made pursuant to Section 4(a) shall be made by the Company which shall provide
 its determination and any supporting calculations (the "Determination") to the
 Executive within thirty days of the date of the Executive's termination or any other
 date selected by the Executive or the Company. Within ten calendar days of the delivery of
 the Determination to the Executive, the Executive shall have the right to dispute the Determination
 (the "Dispute"). The existence of any Dispute shall not in any way affect the
 Executive's right to receive the Gross-Up Payments in accordance with the Determination.
 If there is no dispute, the Determination by the Company shall be final, binding and conclusive
 upon the Executive, subject to the application of Section 4(c). Within ten days after the
 Company's determination, the Company shall pay to the Executive the Gross-Up Payment,
 if any. If the Company determines that no Excise Tax is payable by the Executive, it will,
 at the same time as it makes such Determination, furnish Executive with an opinion that the
 Executive has substantial authority not to report any Excise Tax on Executive's federal,
 state, local income or other tax return. The Company agrees to indemnify and hold harmless
 the Executive of and from any and all claims, damages and expenses resulting from or relating
 to its determinations pursuant to this Section 4(b), except for claims, damages or expenses
 resulting from the gross negligence or willful misconduct of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As
 a result of the uncertainty in the application of sections 4999 and 280G of the Code, it
 is possible that the Gross-Up Payments either will have been made which should not have been
 made, or will not have been made which should have been made, by the Company (an "Excess
 Gross-Up Payment" or a "Gross-Up Underpayment," respectively). If it is
 established pursuant to (A) a final determination of a court for which all appeals have been
 taken and finally resolved or the time for all appeals has expired, or (B) an Internal Revenue
 Service (the "IRS") proceeding which has been finally and conclusively resolved,
 that an Excess Gross-Up Payment has been made, such Excess Gross-Up Payment shall be deemed
 for all purposes to be a loan to the Executive made on the date the Executive received the
 Excess Gross-Up Payment and the Executive shall repay the Excess Gross-Up Payment to the
 Company either (i) on demand, if the Executive is in possession of the Excess Gross-Up Payment
 or (ii) upon the refund of such Excess Gross-Up Payment to the Executive from the IRS, if
 the IRS is in possession of such Excess Gross-Up Payment, together with interest on the Excess
 Gross-Up Payment at (X) 120% of the applicable federal rate (as defined in Section 1274(d)
 of the Code) compounded semi-annually for any period during which the Executive held such
 Excess Gross-Up Payment and (Y) the interest rate paid to the Executive by the IRS in respect
 of any period during which the IRS held such Excess Gross-Up Payment. If a Gross-Up Underpayment
 occurs as determined under one or more of the following circumstances: (I) such determination
 is made by the Company (which shall include the position taken by the Company, together with
 its consolidated group, on its federal income tax return) or is made by the IRS, (II) such
 determination is made by a court, or (III) such determination is made upon the resolution
 to the Executive's satisfaction of the Dispute, then the Company shall pay an amount
 equal to the Gross-Up Underpayment to the Executive within ten calendar days of such determination
 or resolution, together with interest on such amount at 120% of the applicable federal rate
 compounded semi-annually from the date such amount should have been paid to the Executive
 pursuant to the terms of this Agreement or otherwise, but for the operation of this Section
 4(c), until the date of payment.

Section 5. <u>Post-Termination Assistance</u>. Upon the Executive's termination of employment with the Company, the Executive agrees to fully cooperate in all matters relating to the winding up or pending work on behalf of the Company and the orderly transfer of work to other employees of the Company following any termination of the Executives' employment. The Executive further agrees that Executive will provide, upon reasonable notice, such information and assistance to the Company as may reasonably be requested by the Company in connection with any audit, governmental investigation, litigation, or other dispute in which the Company is or may become a party and as to which the Executive has knowledge; provided, however, that (i) the Company agrees to reimburse the Executive for an agreed upon monetary compensation and any related out-of-pocket expenses, including travel and meal expenses, and (ii) any such assistance may not unreasonably interfere with Executive's then current employment.

Section 6. <u>No Mitigation or Set Off</u>. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced, regardless of whether the Executive obtains other employment. The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive or others; provided, however, the Company shall have the right to offset the amount of any funds loaned or advanced to the Executive and not repaid against any severance obligations the Company may have to the Executive hereunder.

Section 7. <u>Confidentiality</u>

<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition.</u> For purposes of this Agreement, "Confidential Information" shall mean all Company
 Work Product (as hereinafter defined) and all non-public written, electronic, and oral information
 or materials of Company communicated to or otherwise obtained by Executive in connection
 with this Agreement, which is related to the products, business and activities of Company,
 its Affiliates (as defined below), and subsidiaries, and their respective customers, clients,
 suppliers, and other entities with which such party does business, including: (i) all costing,
 pricing, technology, software, documentation, research, techniques, procedures, processes,
 discoveries, inventions, methodologies, data, tools, templates, know how, intellectual property
 and all other proprietary information of Company; (ii) the terms of this Agreement; and (iii)
 any other information identified as confidential in writing by Company. Confidential Information
 shall not include information that: (a) was lawfully known by Executive without an obligation
 of confidentiality before its receipt from Company; (b) is independently developed by Executive
 without reliance on or use of Confidential Information; (c) is or becomes publicly available
 without a breach by Executive of this Agreement; or (d) is disclosed to Executive by a third
 party which is not required to maintain its confidentiality. An "Affiliate" of
 a Party shall mean any entity directly or indirectly controlling, controlled by, or under
 common control with, such Party at any time during the Term for so long as such control exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Company Ownership.</u> Company shall retain all right, title, and interest to the Confidential Information,
 including all copies thereof and all rights to patents, copyrights, trademarks, trade secrets
 and other intellectual property rights inherent therein and appurtenant thereto. Subject
 to the terms and conditions of this Agreement, Company hereby grants Executive a non-exclusive,
 non-transferable, license during the Term to use any Confidential Information solely to the
 extent that such Confidential Information is necessary for the performance of Executive's
 duties hereunder. Executive shall not, by virtue of this Agreement or otherwise, acquire
 any proprietary rights whatsoever in Confidential Information, which shall be the sole and
 exclusive property and confidential information of Company. No identifying marks, copyright
 or proprietary right notices may be deleted from any copy of Confidential Information. Nothing
 contained herein shall be construed to limit the rights of Company from performing similar
 services for, or delivering the same or similar deliverable to, third parties using the Confidential
 Information and/or using the same personnel to provide any such services or deliverables.

(c) <u>Confidentiality Obligations.</u> Executive agrees to hold the Confidential Information in confidence and
 not to copy, reproduce, sell, assign, license, market, transfer, give or otherwise disclose
 such Confidential Information to any person or entity or to use the Confidential Information
 for any purposes whatsoever, without the express written permission of Company, other than
 disclosure to Executive's, partners, principals, directors, officers, employees, subcontractors
 and agents on a "need-to-know" basis as reasonably required for the performance
 of Executive's obligations hereunder or as otherwise agreed to herein. Executive shall
 be responsible to Company for any violation of this Section 7 by Executive's employees,
 subcontractors, and agents. Executive shall maintain the Confidential Information with the
 same degree of care, but no less than a reasonable degree of care, as Executive employs concerning
 its own information of like kind and character.

(d) <u>Required Disclosure.</u> If Executive is requested to disclose any of the Confidential Information
 as part of an administrative or judicial proceeding, Executive shall, to the extent permitted
 by applicable law, promptly notify Company of that request and cooperate with Company, at
 Company's expense, in seeking a protective order or similar confidential treatment
 for the Confidential Information. If no protective order or other confidential treatment
 is obtained, Executive shall disclose only that portion of Confidential Information which
 is legally required and will exercise all reasonable efforts to obtain reliable assurances
 that confidential treatment will be accorded the Confidential Information which is required
 to be disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Enforcement.</u> Executive acknowledges that the Confidential Information is unique and valuable, and that
 remedies at law will be inadequate to protect Company from any actual or threatened breach
 of this Section 7 by Executive and that any such breach would cause irreparable and continuing
 injury to Company. Therefore, Executive agrees that Company shall be entitled to seek equitable
 relief with respect to the enforcement of this Section 7 without any requirement to post
 a bond, including, without limitation, injunction and specific performance, without proof
 of actual damages or exhausting other remedies, in addition to all other remedies available
 to Company at law or in equity. For greater clarity, in the event of a breach or threatened
 breach by Executive of any of the provisions of this Section 7, in addition to and not in
 limitation of any other rights, remedies or damages available at law or in equity, Company
 shall be entitled to a permanent injunction or other like remedy in order to prevent or restrain
 any such breach or threatened breach by Executive, and Executive agrees that an interim injunction
 may be granted against Executive immediately on the commencement of any action, claim, suit
 or proceeding by Company to enforce the provisions of this Section 7, and Executive further
 irrevocably consents to the granting of any such interim or permanent injunction or any like
 remedy. If any action at law or in equity is necessary to enforce the terms of this Section
 7, Executive, if it is determined to be at fault, shall pay Company's reasonable legal
 fees and expenses on a substantial indemnity basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Related Duties.</u> Executive shall: (i) promptly deliver to Company upon Company's request
 all materials in Executive's possession which contain Confidential Information; (ii)
 use its best efforts to prevent any unauthorized use or disclosure of the Confidential Information;
 (iii) notify Company in writing immediately upon discovery of any such unauthorized use or
 disclosure; and (iv) cooperate in every reasonable way to regain possession of any Confidential
 Information and to prevent further unauthorized use and disclosure thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Legal Exceptions.</u> Further notwithstanding the foregoing provisions of this Section 7, Executive
 may disclose confidential information as may be expressly required by law, governmental rule,
 regulation, executive order, court order, or in connection with a dispute between the Parties;
 provided that prior to making any such disclosure, subject to applicable law, Executive shall
 use its best efforts to: (i) provide Company with at least fifteen (15) days' prior
 written notice setting forth with specificity the reason(s) for such disclosure, supporting
 documentation therefor, and the circumstances giving rise thereto; and (ii) limit the scope
 and duration of such disclosure to the strictest possible extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation.</u> Except as specifically set forth herein, no licenses or rights under any patent, copyright,
 trademark, or trade secret are granted by Company to Executive hereunder, or are to be implied
 by this Agreement. Except for the restrictions on use and disclosure of Confidential Information
 imposed in this Agreement, no obligation of any kind is assumed or implied against either
 Party or their Affiliates by virtue of meetings or conversations between the Parties hereto
 with respect to the subject matter stated above or with respect to the exchange of Confidential
 Information. Each Party further acknowledges that this Agreement and any meetings and communications
 of the Parties and their affiliates relating to the same subject matter shall not: (i) constitute
 an offer, request, invitation or contract with the other Party to engage in any research,
 development or other work; (ii) constitute an offer, request, invitation or contract involving
 a buyer-seller relationship, joint venture, teaming or partnership relationship between the
 Parties and their affiliates; or (iii) constitute a representation, warranty, assurance,
 guarantee or inducement with respect to the accuracy or completeness of any Confidential
 Information or the non-infringement of the rights of third persons.

Section 8. <u>Intellectual Property Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Disclosure of Work Product.</u> As used in this Agreement, the term "Work Product" means
 any invention, whether or not patentable, know-how, designs, mask works, trademarks, formulae,
 processes, manufacturing techniques, trade secrets, ideas, artwork, software or any copyrightable
 or patentable works. Executive agrees to disclose promptly in writing to Company, or any
 person designated by Company, all Work Product that is solely or jointly conceived, made,
 reduced to practice, or learned by Executive in the course of any work performed for Company
 ("Company Work Product"). Executive agrees (a) to use Executive's best
 efforts to maintain such Company Work Product in trust and strict confidence; (b) not to
 use Company Work Product in any manner or for any purpose not expressly set forth in this
 Agreement; and (c) not to disclose any such Company Work Product to any third party without
 first obtaining Company's express written consent on a case-by-case basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Ownership of Company Work Product.</u> Executive agrees that any and all Company Work Product conceived,
 written, created or first reduced to practice in the performance of work under this Agreement
 shall be deemed "work for hire" under applicable law and shall be the sole and
 exclusive property of Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Assignment of Company Work Product.</u> Executive irrevocably assigns to Company all right, title and
 interest worldwide in and to the Company Work Product and all applicable intellectual property
 rights related to the Company Work Product, including without limitation, copyrights, trademarks,
 trade secrets, patents, moral rights, contract and licensing rights (the "Proprietary
 Rights"). Except as set forth below, Executive retains no rights to use the Company
 Work Product and agrees not to challenge the validity of Company's ownership in the
 Company Work Product. Executive hereby grants to Company a perpetual, non-exclusive, fully
 paid-up, royalty-free, irrevocable and world-wide right, with rights to sublicense through
 multiple tiers of sublicensees, to reproduce, make derivative works of, publicly perform,
 and display in any form or medium whether now known or later developed, distribute, make,
 use and sell any and all Executive owned or controlled Work Product or technology that Executive
 uses to complete the services and which is necessary for Company to use or exploit the Company
 Work Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Assistance.</u> Executive agrees to cooperate with Company or its designee(s), both during and after the
 Term, in the procurement and maintenance of Company's rights in Company Work Product
 and to execute, when requested, any other documents deemed necessary by Company to carry
 out the purpose of this Agreement. Executive will assist Company in every proper way to obtain,
 and from time to time enforce, United States and foreign Proprietary Rights relating to Company
 Work Product in any and all countries. Executive's obligation to assist Company with
 respect to Proprietary Rights relating to such Company Work Product in any and all countries
 shall continue beyond the termination of this Agreement, but Company shall compensate Executive
 at a reasonable rate to be mutually agreed upon after such termination for the time actually
 spent by Executive at Company's request on such assistance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Execution of Documents.</u> In the event Company is unable for any reason, after reasonable effort,
 to secure Executive's signature on any document requested by Company pursuant to this
 Section 8 within seven (7) days of the Company's initial request to Executive, Executive
 hereby irrevocably designates and appoints Company and its duly authorized officers and agents
 as its agent and attorney in fact, which appointment is coupled with an interest, to act
 for and on its behalf solely to execute, verify and file any such documents and to do all
 other lawfully permitted acts to further the purposes of this Section 8 with the same legal
 force and effect as if executed by Executive. Executive hereby waives and quitclaims to Company
 any and all claims, of any nature whatsoever, which Executive now or may hereafter have for
 infringement of any Proprietary Rights assignable hereunder to Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Executive Representations and Warranties.</u> Executive hereby represents and warrants that: (i) Company
 Work Product will be an original work of Executive or all applicable third parties will have
 executed assignments of rights reasonably acceptable to Company; (ii) neither the Company
 Work Product nor any element thereof will infringe the intellectual property rights of any
 third party; (iii) neither the Company Work Product nor any element thereof will be subject
 to any restrictions or to any mortgages, liens, pledges, security interests, encumbrances
 or encroachments; (iv) Executive will not grant, directly or indirectly, any rights or interest
 whatsoever in the Company Work Product to any third party; (v) Executive has full right and
 power to enter into and perform Executive's obligations under this Agreement without
 the consent of any third party; (vi) Executive will use best efforts to prevent injury to
 any person (including employees of Company) or damage to property (including Company's
 property) during the Term; and (vii) should Company permit Executive to use any of Company's
 equipment, tools, or facilities during the Term, such permission shall be gratuitous and
 Executive shall be responsible for any injury to any person (including death) or damage to
 property (including Company's property) arising out of use of such equipment, tools
 or facilities.

Section 9. <u>Non-Solicitation</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Existing Business Interests.</u> The Parties acknowledge that the Company is engaged in the various
 business as disclosed to the Executive (together with such other activities as may be engaged
 in from time to time, the "Existing Business"). As part of this Existing Business,
 Company has developed and continues to develop Confidential Information regarding the operation
 of such business. In addition, Company has developed and continues to develop substantial
 relationships with existing and prospective clients, accounts, suppliers and others, as well
 as goodwill associated with these relationships and business. These relationships are a substantial
 business asset owned by, and proprietary to, Company and are integral to Company's
 Existing Business and continued operation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Developing Business Interests</u>. The Company also is engaged in expanding its business by developing
 new business concepts and services (the "Developing Business"). As part of this Developing Business, the Company has developed
 and continues to develop Confidential Information related thereto, valuable relationships
 with prospective and existing clients, accounts, suppliers and others, and continues to create
 goodwill associated with these relationships and business. The Developing Business is a substantial
 business asset owned by, and proprietary to, the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Other Legitimate Business Interests</u>. In addition to the Existing Business and the Developing
 Business, Company has other legitimate business interests which are necessary to protect through the provisions of this Section 9, which Executive acknowledges include, but are not
 limited to the following (collectively the "Other Legitimate Business Interests"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Company has expended considerable resources in developing relationships with its suppliers,
 clients and customers;

(ii) The
 Company has expended considerable resources to recruit and hire vendors and/or employees
 who could perform services for Company;

(iii) Executive
 may, through the contractual relationship set forth herein, develop a substantial relationship
 with Company's existing or potential clients, including but not limited to being the
 sole or primary contact between Company and its clients and principals; and

(iv) The
 relationship between Company and its clients and principals will depend on the quality and
 quantity of the services Executive performs for Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Acknowledgement of Company's Right to Protection of Business Interests.</u> Executive acknowledges
 and agrees that Company desires, is entitled to, and deserves, protection of its legitimate business interests associated with the Existing Business, the Developing
 Business and the Other Legitimate Business Interests. Accordingly, Executive agrees to the
 restrictions set forth in this Section 9 as reasonable under the circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>No-Solicitation.</u> In recognition and consideration of Company's Existing Business, Developing Business
 and Other Legitimate Business Interests, subject to applicable law, Executive agrees that,
 for the Term and for a period of three (3) years thereafter, Executive shall not, directly
 or indirectly solicit or discuss with any employee of Company the employment of such Company
 employee by any other commercial enterprise other than Company, nor recruit, attempt to recruit,
 hire or attempt to hire any such Company employee on behalf of any commercial enterprise
 other than Company. Nothing in this Section 9(e) shall prohibit Executive from undertaking
 a general recruitment advertisement provided that the foregoing is not targeted towards any
 person identified above, or from hiring, employing or engaging any such person who responds
 to such general recruitment advertisement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Remedies for Breach of Restrictions.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Executive
 admits and agrees that Executive's breach of the provisions of this Section 9 would
 result in irreparable harm to Company. Accordingly, in the event of Executive's breach
 or threatened breach of such restrictions, Executive agrees that Company shall be entitled
 to an injunction restraining such breach or threatened breach without the necessity of posting
 a bond or other security. Further, in the event of Executive's breach, the duration
 of the restrictions contained in this Section 9 shall be extended for the entire time that
 the breach existed so that Company is provided with the full time period provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In
 addition to injunctive relief, Company shall be entitled to any other remedy available in
 law or equity by reason of Executive's breach or threatened breach of the restrictions
 contained in this Section 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If
 the Company retains an attorney to enforce the provisions of this Section 9, the Company
 shall be entitled to recover its reasonable attorneys' fees and costs so incurred from
 Executive, both prior to filing a lawsuit, during the lawsuit and on appeal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Blue Pencil.</u> Executive has carefully read and considered the provisions of this Section 9
 and, having done so, agrees that the restrictions set forth in such Section 9 are fair and
 reasonable and are reasonably required for the protection of the legitimate business interests
 of the Company. In the event that a court of competent jurisdiction shall determine that
 any of the foregoing restrictions are unenforceable, the Parties hereto agree that it is
 their desire that such court substitute an enforceable restriction in place of any restriction
 deemed unenforceable, and that the substitute restriction be deemed incorporated herein and
 enforceable against Executive. It is the intent of the Parties hereto that the court, in
 so determining any such enforceable substitute restriction, recognize that it is their intent
 that the foregoing restrictions be imposed and maintained to the greatest extent possible.

Section 10. <u>Representations and Warranties Relating to Securities.</u> The Options, and any shares of Common Stock or other securities of the Company that may be issued or granted to the Executive hereunder or pursuant to any other agreement between the Company and the Executive in connection with the transactions contemplated herein may be referred to as the "Securities", and Executive represents and warrants to the Company as set forth in this Section 10 with respect to the Securities and Executive's receipt thereof, as of the Effective Date and as of the date of any issuance or granting of any Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Executive
 is an "accredited investor" as that term is defined in Rule 501(a) of Regulation
 D promulgated pursuant to the Securities Act (an "Accredited Investor").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive
 hereby represent that the Securities awarded pursuant to this Agreement are being acquired
 for Executive's own account and not for sale or with a view to distribution thereof.
 Executive acknowledges and agrees that any sale or distribution of Securities which have
 vested may be made only pursuant to either (a) a registration statement on an appropriate
 form under the Securities Act of 1933, as amended (the "Securities Act"), which
 registration statement has become effective and is current with regard to the shares being
 sold, or (b) a specific exemption from the registration requirements of the Securities Act
 that is confirmed in a favorable written opinion of counsel, in form and substance satisfactory
 to counsel for the Company, prior to any such sale or distribution. Executive hereby consents
 to such action as the Board or the Company deems necessary or appropriate from time to time
 to prevent a violation of, or to perfect an exemption from, the registration requirements
 of the Securities Act or to implement the provisions of this Agreement, including but not
 limited to placing restrictive legends on certificates evidencing shares of Securities (whether
 or not the Restrictions applicable thereto have lapsed) and delivering stop transfer instructions
 to the Company's stock transfer agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Executive
 understands that the Securities is being offered and sold to Executive in reliance upon specific
 exemptions from the registration requirements of United States federal and state securities
 laws and that the Company is relying upon the truth and accuracy of, and Executive's
 compliance with, the representations, warranties, agreements, acknowledgments and understandings
 of the Executive set forth herein in order to determine the availability of such exemptions
 and the eligibility of the Executive to acquire the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Executive
 has been furnished with all documents and materials relating to the business, finances and
 operations of the Company and information that Executive requested and deemed material to
 making an informed investment decision regarding its acquisition of the Securities. Executive
 has been afforded the opportunity to review such documents and materials and the information
 contained therein. Executive has been afforded the opportunity to ask questions of the Company
 and its management. Executive understands that such discussions, as well as any written information
 provided by the Company, were intended to describe the aspects of the Company's business
 and prospects which the Company believes to be material, but were not necessarily a thorough
 or exhaustive description and the Company makes no representation or warranty with respect
 to the completeness of such information and makes no representation or warranty of any kind
 with respect to any information provided by any entity other than the Company. Some of such
 information may include projections as to the future performance of the Company, which projections
 may not be realized, may be based on assumptions which may not be correct and may be subject
 to numerous factors beyond the Company's control. Additionally, Executive understands
 and represents that Executive is acquiring the Securities notwithstanding the fact that the
 Company may disclose in the future certain material information that the Executive has not
 received. Executive has sought such accounting, legal and tax advice as Executive has considered
 necessary to make an informed investment decision with respect to Executive's investment
 in the Securities. Executive has full power and authority to make the representations referred
 to herein, to acquire the Securities and to execute and deliver this Agreement. Executive,
 either personally, or together with Executive's advisors has such knowledge and experience
 in financial and business matters as to be capable of evaluating the merits and risks of
 an investment in the Securities, is able to bear the risks of an investment in the Securities
 and understands the risks of, and other considerations relating to, a purchase of the Securities.
 The Executive and Executive's advisors have had a reasonable opportunity to ask questions
 of and receive answers from the Company concerning the Securities. Executive's financial
 condition is such that Executive is able to bear the risk of holding the Securities that
 Executive may acquire pursuant to this Agreement for an indefinite period of time, and the
 risk of loss of Executive's entire investment in the Company. Executive has investigated
 the acquisition of the Securities to the extent Executive deemed necessary or desirable and
 the Company has provided Executive with any reasonable assistance Executive has requested
 in connection therewith. No representations or warranties have been made to Executive by
 the Company, or any representative of the Company, or any securities broker/dealer, other
 than as set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Executive
 also acknowledges and agrees that an investment in the Securities is highly speculative and
 involves a high degree of risk of loss of the entire investment in the Company and there
 is no assurance that a public market for the Securities will ever develop and that, as a
 result, Executive may not be able to liquidate Executive's investment in the Securities
 should a need arise to do so. Executive is not dependent for liquidity on any of the amounts
 Executive is investing in the Securities. Executive has full power and authority to make
 the representations referred to herein, to acquire the Securities and to execute and deliver
 this Agreement. Executive understands that the representations and warranties herein are
 to be relied upon by the Company as a basis for the exemptions from registration and qualification
 of the issuance and sale of the Securities under the federal and state securities laws and
 for other purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Executive
 understands that no United States federal or state agency or any other government or governmental
 agency has passed upon or made any recommendation or endorsement of the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Executive
 understands that until such time as the Securities have been registered under the Securities
 Act or may be sold pursuant to Rule 144, Rule 144A under the Securities Act or Regulation
 S without any restriction as to the number of securities as of a particular date that can
 then be immediately sold, the Securities may bear a restrictive legend in substantially the
 following form (and a stop-transfer order may be placed against transfer of the certificates
 for such Securities):

"NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A OR REGULATION S UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) This
 Agreement has been duly and validly authorized by Executive. This Agreement has been duly
 executed and delivered on behalf of Executive, and this Agreement constitutes a valid and
 binding agreement of Executive enforceable in accordance with its terms, subject to the application
 of applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and
 other similar laws of general application affecting enforcement of creditors' rights
 generally and general principles of equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Executive
 is an individual resident of the state set forth in the notices provision for Executive herein.

Section 11. <u>Effect of Waiver</u>. The waiver by either Party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach hereof. No waiver shall be valid unless in writing.

Section 12. <u>Assignment</u>. No Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement, or any right arising from the purported assignor's due performance of its obligations hereunder, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect. Notwithstanding the foregoing, the Company may transfer, assign or delegate to any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company any of Company's rights, obligations or duties hereunder. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Section 13. <u>No Third-Party Rights</u>. Except as expressly provided in this Agreement, this Agreement is intended solely for the benefit of the Parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person or entity other than the Parties hereto.

Section 14. <u>Entire Agreement; Effectiveness of Agreement</u>. This Agreement, the Option Agreement and any other agreement entered into between the Company and Executive with respect to the issuance of any equity securities of the Company or other equity awards relating to the Company set forth the entire agreement of the Parties hereto and shall supersede any and all prior agreements and understandings concerning the Executive's employment by the Company. This Agreement may be changed only by a written document signed by the Executive and the Company.

Section 15. <u>Survival</u>. The provisions of Section 2, Section 3, Section 4, Section 5, Section 6, Section 7, Section 8, Section 9 and Section 13 through Section 26, inclusive, shall survive any termination or expiration of this Agreement, and provided that any expiration or termination of this Agreement shall not excuse a Party from compliance with, or fulfillment of, any obligations or conditions which arose prior to such expiration or termination.

Section 16. <u>Severability</u>. If any one or more of the provisions, or portions of any provision, of the Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions or parts hereof shall not in any way be affected or impaired thereby.

Section 17. <u>Governing Law and Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 Agreement, and any and all claims, proceedings or causes of action relating to this Agreement
 or arising from this Agreement or the transactions contemplated herein, including, without
 limitation, tort claims, statutory claims and contract claims, shall be interpreted, construed,
 governed and enforced under and solely in accordance with the substantive and procedural
 laws of the State of Delaware, in each case as in effect from time to time and as the same
 may be amended from time to time, and as applied to agreements performed wholly within the
 State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject
 to Section 18, each Party agrees that all legal proceedings concerning this Agreement shall
 be commenced in the state and federal courts sitting in Orange County, California (the "Selected
 Courts"). Each Party hereto hereby irrevocably submits to the exclusive jurisdiction
 of the Selected Courts for the adjudication of any dispute hereunder or in connection herewith
 or with any transaction contemplated hereby or discussed herein (including with respect to
 the enforcement of the rights of a Party under this Agreement), and hereby irrevocably waives,
 and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
 subject to the jurisdiction of such Selected Courts, or such Selected Courts are improper
 or inconvenient venue for such proceeding. Each Party hereby irrevocably waives personal
 service of process and consents to process being served in any such suit, action or proceeding
 by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
 of delivery) to such Party at the address in effect for notices to it under this Agreement
 and agrees that such service shall constitute good and sufficient service of process and
 notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
 serve process in any other manner permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) TO
 THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL
 RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING
 TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES
 THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
 OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
 FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
 TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
 IN THIS Section 17(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Subject
 to the provisions of Section 18, if any Party shall commence an action or proceeding to enforce
 any provisions of this Agreement, then the prevailing Party in such action or proceeding
 shall be reimbursed by the other Party for its attorney's fees and other costs and
 expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

Section 18. <u>Arbitration</u>. Any controversy, claim or dispute arising out of or relating to this Agreement or the Executive's employment by the Company, including, but not limited to, common law and statutory claims for discrimination, wrongful discharge, and unpaid wages, shall be resolved by arbitration pursuant to then-prevailing National Rules for the Resolution of Employment Disputes of the American Arbitration Association. The arbitration will take place via remote telecommunication means, unless the Parties mutually agree otherwise, in the event that arbitrator requires an in-person arbitration and the Parties cannot agree on a location, then the arbitration will take place in Newport Beach, California. The arbitration shall be conducted by one arbitrator jointly selected by the Parties. In the event that the Parties are unable to agree on the identity of the arbitrator within ten days of the commencement of efforts to do so, each Party shall select one arbitrator and the two arbitrators so selected shall select the sole arbitrator who shall hear and resolve controversy, claim or dispute. The arbitrator shall be bound to follow the applicable Agreement provisions in adjudicating the dispute. It is agreed by both Parties that the arbitrator's decision is final, and that no Party may take any action, judicial or administrative, to overturn such decision. The judgment rendered by the arbitrator may be entered in the Selected Courts. Subject to the provisions of Section 17(d), each Party will pay its own expenses of arbitration and the expenses of the arbitrator will be equally shared provided that, if in the opinion of the arbitrator any claim, defense, or argument raised in the arbitration was unreasonable, the arbitrator may assess all or part of the expenses of the other Party (including reasonable attorneys' fees) and of the arbitrator as the arbitrator deems appropriate. The arbitrator may not award either Party punitive or consequential damages.

Section 19. <u>General Remedies.</u> Each Party acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the other Party, and thus each Party acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by such Party of the provisions of this Agreement, that the other Party shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

Section 20. <u>Indemnification</u>. During the Term, the Executive shall be entitled to indemnification and insurance coverage for officers' liability, fiduciary liability and other liabilities arising out of the Executive's position with the Company in any capacity, in an amount not less than the highest amount available to any other executive, and such coverage and protections, with respect to the various liabilities as to which the Executive has been customarily indemnified prior to termination of employment, shall continue for at least six years following the end of the Term. Any indemnification agreement entered into between the Company and the Executive shall continue in full force and effect in accordance with its terms following the termination of this Agreement.

Section 21. <u>Expenses</u>. Other than as specifically set forth herein, each of the Parties will bear their own respective expenses, including legal, accounting and professional fees, incurred in connection with this Agreement and the transactions contemplated herein.

Section 22. <u>Notices</u>. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party, or by registered or certified mail, return receipt requested, postage prepaid, or by email with return receipt requested and received or nationally recognized overnight courier service, addressed as set forth below or to such other address as either Party shall have furnished to the other in writing in accordance herewith. All notices, requests, demands and other communications shall be deemed to have been duly given (i) when delivered by hand, if personally delivered, (ii) when delivered by courier or overnight mail, if delivered by commercial courier service or overnight mail, and (iii) on receipt of confirmed delivery, if sent by email.

If to the Company:

Bimergen Energy Corporation

Attention: Robert J. Brilon

895 Dove Street, Suite 300

Newport Beach, CA 92660

Email: Bob@Bimergen.com

If to Executive, to the address and email address for Executive as set forth in the books and records of the Company.

Section 23. <u>Headings</u>. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

Section 24. <u>Counsel</u>. The Parties acknowledge and agree that Anthony, Linder & Cacomanolis, PLLC ("Counsel") has acted as legal counsel to the Company, and that Counsel has prepared this Agreement at the request of the Company, and that Counsel is not legal counsel to Executive individually. Each of the Parties acknowledges and agrees that they are aware of, and have consented to, the Counsel acting as legal counsel to the Company and preparing this Agreement, and that Counsel has advised each of the Parties to retain separate counsel to review the terms and conditions of this Agreement and the other documents to be delivered in connection herewith, and each Party has either waived such right freely or has otherwise sought such additional counsel as it has deemed necessary. Each of the Parties acknowledges and agrees that Counsel does not owe any duties to Executive in Executive's individual capacity in connection with this Agreement and the transactions contemplated herein. Each of the Parties hereby waives any conflict of interest which may apply with respect to Counsel's actions as set forth herein, and the Parties confirm that the Parties have previously negotiated the material terms of the agreements as set forth herein.

Section 25. <u>Rule of Construction</u>. The general rule of construction for interpreting a contract, which provides that the provisions of a contract should be construed against the Party preparing the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or such Party had the opportunity to retain counsel to participate in the preparation of this Agreement but elected not to do so.

Section 26. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

*[Signatures appear on following page]*

 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

---

| | |
|:---|:---|
| Bimergen Energy Corporation | Bimergen Energy Corporation |
| By: | /s/ Robert J Brilon |
| Name: | Robert J. Brilon |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| Executive: Robert J Brilon | Executive: Robert J Brilon |
| By: | /s/ Robert J. Brilon |
| Name: | Robert J Brilon |

---

## Exhibit 10.2

**Exhibit 10.2**

**Executive Employment Agreement**

**Cole W Johnson**

Dated as of April 30, 2026

This Executive Employment Agreement (the "Agreement") dated as of the date first set forth above (the "Effective Date") is entered into by and between Bimergen Energy Corporation, a Delaware corporation (the "Company") and **Cole W Johnson** (the "Executive"). The Company and Executive may collective be referred to as the "Parties" and each individually as a "Party".

WHEREAS, the Company now desires to employ the Executive as the Co-Chief Executive Officer and President of the Company and the Executive desires to serve in such capacities on behalf of the Company, in each case subject to the terms and conditions herein;

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Executive hereby agree as follows:

Section 1. <u>Employment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Term</u>.
 The term of this Agreement (the "Initial Term") shall begin as of the Effective
 Date and shall end on the earlier of (i) the fifth (5<sup>th</sup>) annual anniversary of
 the Effective Date and (ii) the time of the termination of the Executive's employment
 in accordance with Section 3. The Initial Term and any Renewal Term (as defined below) shall
 automatically be extended for one or more additional terms of one (1) year each (each a "Renewal
 Term" and together with the Initial Term, the "Term"), unless either the
 Company or Executive provides notice to the other Party of their desire to not so renew the
 Initial Term or Renewal Term (as applicable) with at least thirty (30) days' written
 notice prior to the expiration of the then-current Initial Term or Renewal Term, as applicable.
 Executive's employment with the Company shall be "at will," meaning that
 either Executive or the Company may terminate Executive's employment at any time and
 for any reason, subject to Section 3. Any contrary representations that may have been made
 to Executive are superseded by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Duties</u>.
 The Company hereby appoints Executive, and Executive shall serve, as the Co-Chief Executive
 Officer and President of the Company and shall report to the Board of Directors of the Company
 (the "Board") and to such other persons as designated by the Board. The Executive
 shall have such duties and responsibilities as are consistent with Executive's position
 with the Company. In addition, the Executive shall perform all other duties and accept all
 other responsibilities incident to such position as may reasonably assigned to Executive
 by the Board. The Executive will perform the duties remotely and also may hold other director
 and executive positions.

Section 2. <u>Compensation and Other Benefits</u>. As compensation for the services to be rendered hereunder, during the Term the Company shall pay to the Executive the salary and bonuses, and shall provide the benefits, as set forth in this Section 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Base Salary</u>. The Company shall pay to the Executive an annual base salary of $425,000, payable
 on a monthly basis commencing on the Effective Date (as the same may be adjusted herein,
 the "Base Salary"). The Base Salary shall be paid in accordance with the Company's
 payroll policies and accrue from April 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Option Issuance</u>. The Executive shall be eligible to receive any performance and discretionary
 bonuses as determined by the Compensation Committee and Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Bonus</u>.
 The Executive shall be eligible to receive any performance and discretionary bonuses as determined
 by the Compensation Committee and Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Fringe Benefits.</u> During the Term, the Executive shall be entitled to fringe benefits consistent
 with the practices of the Company, and to the extent the Company provides similar benefits
 to the Company's executive officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Business Expenses</u>. The Executive shall be entitled to reimbursement for all reasonable and necessary
 out-of-pocket business, entertainment and travel expenses incurred by the Executive in connection
 with the performance of Executive's duties hereunder and in accordance with the Company's
 expense reimbursement policies and procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>D&O Insurance</u>. Executive shall have the exclusive option to obtain Directors & Officers
 Insurance ("D&O Insurance") and the Company shall reimburse Executive for
 D&O Insurance if the Company does not have D&O insurance that covers the Executive.

Section 3. <u>Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition of Cause</u>. For purposes hereof, "Cause" shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 violation of any material written rule or policy of the Company for which violation any employee
 may be terminated pursuant to the written policies of the Company reasonably applicable to
 an executive employee;

(ii) misconduct
 by the Executive to the material detriment of the Company;

(iii) the
 Executive's conviction (by a court of competent jurisdiction, not subject to further
 appeal) of, or pleading guilty to, a felony;

(iv) the
 Executive's gross negligence in the performance of Executive's duties and responsibilities
 to the Company as described in this Agreement; or

(v) the
 Executive's material failure to perform Executive's duties and responsibilities
 to the Company as described in this Agreement (other than any such failure resulting from
 the Executive's incapacity due to physical or mental illness or any such failure subsequent
 to the Executive being delivered a notice of termination without Cause by the Company or
 delivering a notice of termination for Good Reason to the Company), in either case after
 written notice from the Board to the Executive of the specific nature of such material failure
 and the Executive's failure to cure such material failure within 10 days following
 receipt of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Definition of Good Reason</u>. For purposes hereof, "Good Reason" shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 any time following a Change of Control (as defined below), a material diminution by the Company
 of compensation and benefits (taken as a whole) provided to the Executive immediately prior
 to a Change of Control;

(ii) a
 reduction in Base Salary or target or maximum bonus, other than as part of an across-the-board
 reduction in salaries of management personnel; or

(iii) a
 material breach by the Company of any of the terms and conditions of this Agreement which
 the Company fails to correct within 10 days after the Company receives written notice from
 Executive of such violation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Definition of Change of Control</u>. A "Change of Control" shall be deemed to have occurred
 if, after the Effective Date, (i) the beneficial ownership (as defined in Rule 13d-3 under
 the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of securities
 representing more than 50% of the combined voting power of the Company is acquired by any
 "person" as defined in sections 13(d) and 14(d) of the Exchange Act (other than
 the Company, any subsidiary of the Company, or any trustee or other fiduciary holding securities
 under an employee benefit plan of the Company), (ii) the merger or consolidation of the Company
 with or into another corporation where the shareholders of the Company, immediately prior
 to the consolidation or merger, would not, immediately after the consolidation or merger,
 beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly
 or indirectly, shares representing in the aggregate 50% or more of the combined voting power
 of the securities of the corporation issuing cash or securities in the consolidation or merger
 (or of its ultimate parent corporation, if any) in substantially the same proportion as their
 ownership of the Company immediately prior to such merger or consolidation, or (iii) the
 sale or other disposition of all or substantially all of the Company's assets to an
 entity, other than a sale or disposition by the Company of all or substantially all of the
 Company's assets to an entity, at least 50% of the combined voting power of the voting
 securities of which are owned directly or indirectly by shareholders of the Company, immediately
 prior to the sale or disposition, in substantially the same proportion as their ownership
 of the Company immediately prior to such sale or disposition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Termination by the Company</u>. The Company may terminate the Term and Executive's employment hereunder
 at any time, with or without Cause, subject to the terms and conditions herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>For Cause</u>. In the event that the Company terminates the Term or Executive's employment
 hereunder with Cause, then in such event, subject to Section 3(i), (i) the Company shall
 pay to Executive any unpaid Base Salary and benefits then owed or accrued, and any unreimbursed
 expenses, pursuant to the terms of Section 2(e), incurred by the Executive in each case through
 the termination date, and each of which shall be paid within 10 days following the termination
 date; (ii) any unvested portion of any equity granted to Executive hereunder or under the
 Award Agreement or any other agreements with the Company (collectively, the "Equity
 Grants") shall immediately be forfeited as of the termination date without any further
 action of the Parties; and (iii) all of the Parties' rights and obligations hereunder
 shall thereafter cease, other than such rights or obligations which arose prior to the termination
 date or in connection with such termination, and subject to Section 15.

(ii) <u>Without Cause</u>. In the event that the Company terminates the Term or Executive's employment
 hereunder without Cause, then in such event, subject to Section 3(i), (i) the Company shall
 pay to Executive any Base Salary, bonuses, and benefits then owed or accrued, and any unreimbursed
 expenses incurred by the Executive in each case through the termination date, and each of
 which shall be paid within 10 days following the termination date; (ii) the Company shall
 pay to Executive, in one lump sum, an amount equal to the Base Salary that would have been
 paid to Executive for the remainder of the Initial Term (if such termination occurs during
 the Initial Term) or Renewal Term (if such termination occurs during a Renewal Term), as
 applicable, which shall be paid within 10 days following the termination date; (iii) any
 Equity Grant already made to Executive shall, to the extent not already vested, be deemed
 automatically vested; and (iv) all of the Parties' rights and obligations hereunder
 shall thereafter cease, other than such rights or obligations which arose prior to the termination
 date or in connection with such termination, and subject to Section 15.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Termination by the Executive</u>. The Executive may terminate the Term and resign from Executive's
 employment hereunder at any time, with or without Good Reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>With Good Reason</u>. In the event that Executive terminates the Term or resigns from Executive's
 employment hereunder with Good Reason, the Company shall pay to Executive the amounts, and
 Executive shall, subject to Section 3(i), be entitled to such benefits (including without
 limitation any vesting of unvested shares under any Equity Grant), that would have been payable
 to Executive or which Executive would have received had the Term and Executive's employment
 been terminated by the Company without Cause pursuant to Section 3(d)(ii).

(ii) <u>Without Good Reason</u>. In the event that Executive terminates the Term or resigns from Executive's
 employment hereunder without Good Reason, the Company shall pay to Executive the amounts,
 and Executive shall be entitled, subject to Section 3(i), to such benefits (including without
 limitation any vesting of unvested shares under any Equity Grant), that would have been payable
 to Executive or which Executive would have received had the Term and Executive's employment
 been terminated by the Company with Cause pursuant to Section 3(d)(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Termination by Death or Disability</u>. In the event of the Executive's death or total disability
 (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) during
 the Term, the Term and Executive's employment shall terminate on the date of death
 or total disability. In the event of such termination, the Company's sole obligations
 hereunder to the Executive (or the Executive's estate) shall be for unpaid Base Salary,
 accrued but unpaid bonus and benefits (then owed or accrued and owed in the future), a pro-rata
 bonus for the year of termination based on the Executive's target bonus for such year
 and the portion of such year in which the Executive was employed, and reimbursement of expenses
 pursuant to the terms hereon through the effective date of termination, each of which shall
 be paid within 10 days following the date of the Executive's termination, and any unvested
 portion of any Equity Grants shall immediately be forfeited as of the termination date without
 any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Non-Renewal</u>.
 In the event that the Term is not renewed by the Company pursuant to the provisions of Section
 1(a), any unvested portion of any Equity Grants shall immediately vest as of the expiration
 of the Term without any further action of the Parties. In the event that the Term is not
 renewed by the Executive pursuant to the provisions of Section 1(a), any unvested portion
 of any Equity Grants shall immediately be forfeited as of the expiration of the Term without
 any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Change of Control.</u> In the event that a Change of Control occurs during the Term, any unvested
 portion of any Equity Grants shall, to the extent not already vested, be deemed automatically
 vested immediately without any further action of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Conflict</u>.
 In the event of a conflict between the terms and conditions herein and those in any other
 agreement or contract between the Company and the Executive with respect to any Equity Grants
 granted to Executive, the terms and conditions of such other agreement or contract shall
 control.

Section 4. <u>Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Anything
 in this Agreement to the contrary notwithstanding, if it is determined that any payment or
 benefit provided to the Executive under this Agreement or otherwise, whether or not in connection
 with a Change of Control (a "Payment"), would constitute an "excess parachute
 payment" within the meaning of section 280G of the Internal Revenue Code of 1986, as
 amended (the "Code"), such that the Payment would be subject to an excise tax
 under section 4999 of the Code (the "Excise Tax"), the Company shall pay to the
 Executive an additional amount (the "Gross-Up Payment") such that the net amount
 of the Gross-Up Payment retained by the Executive after the payment of any Excise Tax and
 any federal, state and local income and employment tax on the Gross-Up Payment, shall be
 equal to the Excise Tax due on the Payment and any interest and penalties in respect of such
 Excise Tax. For purposes of determining the amount of the Gross-Up Payment, Executive shall
 be deemed to pay federal income tax and employment taxes at the highest marginal rate of
 federal income and employment taxation in the calendar year in which the Gross-Up Payment
 is to be made and state and local income taxes at the highest marginal rate of taxation in
 the state and locality of Executive's residence (or, if greater, the state and locality
 in which Executive is required to file a nonresident income tax return with respect to the
 Payment) in the calendar year in which the Gross-Up Payment is to be made, net of the maximum
 reduction in federal income taxes that may be obtained from the deduction of such state and
 local taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All
 determinations made pursuant to Section 4(a) shall be made by the Company which shall provide
 its determination and any supporting calculations (the "Determination") to the
 Executive within thirty days of the date of the Executive's termination or any other
 date selected by the Executive or the Company. Within ten calendar days of the delivery of
 the Determination to the Executive, the Executive shall have the right to dispute the Determination
 (the "Dispute"). The existence of any Dispute shall not in any way affect the
 Executive's right to receive the Gross-Up Payments in accordance with the Determination.
 If there is no dispute, the Determination by the Company shall be final, binding and conclusive
 upon the Executive, subject to the application of Section 4(c). Within ten days after the
 Company's determination, the Company shall pay to the Executive the Gross-Up Payment,
 if any. If the Company determines that no Excise Tax is payable by the Executive, it will,
 at the same time as it makes such Determination, furnish Executive with an opinion that the
 Executive has substantial authority not to report any Excise Tax on Executive's federal,
 state, local income or other tax return. The Company agrees to indemnify and hold harmless
 the Executive of and from any and all claims, damages and expenses resulting from or relating
 to its determinations pursuant to this Section 4(b), except for claims, damages or expenses
 resulting from the gross negligence or willful misconduct of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As
 a result of the uncertainty in the application of sections 4999 and 280G of the Code, it
 is possible that the Gross-Up Payments either will have been made which should not have been
 made, or will not have been made which should have been made, by the Company (an "Excess
 Gross-Up Payment" or a "Gross-Up Underpayment," respectively). If it is
 established pursuant to (A) a final determination of a court for which all appeals have been
 taken and finally resolved or the time for all appeals has expired, or (B) an Internal Revenue
 Service (the "IRS") proceeding which has been finally and conclusively resolved,
 that an Excess Gross-Up Payment has been made, such Excess Gross-Up Payment shall be deemed
 for all purposes to be a loan to the Executive made on the date the Executive received the
 Excess Gross-Up Payment and the Executive shall repay the Excess Gross-Up Payment to the
 Company either (i) on demand, if the Executive is in possession of the Excess Gross-Up Payment
 or (ii) upon the refund of such Excess Gross-Up Payment to the Executive from the IRS, if
 the IRS is in possession of such Excess Gross-Up Payment, together with interest on the Excess
 Gross-Up Payment at (X) 120% of the applicable federal rate (as defined in Section 1274(d)
 of the Code) compounded semi-annually for any period during which the Executive held such
 Excess Gross-Up Payment and (Y) the interest rate paid to the Executive by the IRS in respect
 of any period during which the IRS held such Excess Gross-Up Payment. If a Gross-Up Underpayment
 occurs as determined under one or more of the following circumstances: (I) such determination
 is made by the Company (which shall include the position taken by the Company, together with
 its consolidated group, on its federal income tax return) or is made by the IRS, (II) such
 determination is made by a court, or (III) such determination is made upon the resolution
 to the Executive's satisfaction of the Dispute, then the Company shall pay an amount
 equal to the Gross-Up Underpayment to the Executive within ten calendar days of such determination
 or resolution, together with interest on such amount at 120% of the applicable federal rate
 compounded semi-annually from the date such amount should have been paid to the Executive
 pursuant to the terms of this Agreement or otherwise, but for the operation of this Section
 4(c), until the date of payment.

Section 5. <u>Post-Termination Assistance</u>. Upon the Executive's termination of employment with the Company, the Executive agrees to fully cooperate in all matters relating to the winding up or pending work on behalf of the Company and the orderly transfer of work to other employees of the Company following any termination of the Executives' employment. The Executive further agrees that Executive will provide, upon reasonable notice, such information and assistance to the Company as may reasonably be requested by the Company in connection with any audit, governmental investigation, litigation, or other dispute in which the Company is or may become a party and as to which the Executive has knowledge; provided, however, that (i) the Company agrees to reimburse the Executive for an agreed upon monetary compensation and any related out-of-pocket expenses, including travel and meal expenses, and (ii) any such assistance may not unreasonably interfere with Executive's then current employment.

Section 6. <u>No Mitigation or Set Off</u>. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced, regardless of whether the Executive obtains other employment. The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive or others; provided, however, the Company shall have the right to offset the amount of any funds loaned or advanced to the Executive and not repaid against any severance obligations the Company may have to the Executive hereunder.

Section 7. <u>Confidentiality</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition.</u> For purposes of this Agreement, "Confidential Information" shall mean all Company
 Work Product (as hereinafter defined) and all non-public written, electronic, and oral information
 or materials of Company communicated to or otherwise obtained by Executive in connection
 with this Agreement, which is related to the products, business and activities of Company,
 its Affiliates (as defined below), and subsidiaries, and their respective customers, clients,
 suppliers, and other entities with which such party does business, including: (i) all costing,
 pricing, technology, software, documentation, research, techniques, procedures, processes,
 discoveries, inventions, methodologies, data, tools, templates, know how, intellectual property
 and all other proprietary information of Company; (ii) the terms of this Agreement; and (iii)
 any other information identified as confidential in writing by Company. Confidential Information
 shall not include information that: (a) was lawfully known by Executive without an obligation
 of confidentiality before its receipt from Company; (b) is independently developed by Executive
 without reliance on or use of Confidential Information; (c) is or becomes publicly available
 without a breach by Executive of this Agreement; or (d) is disclosed to Executive by a third
 party which is not required to maintain its confidentiality. An "Affiliate" of
 a Party shall mean any entity directly or indirectly controlling, controlled by, or under
 common control with, such Party at any time during the Term for so long as such control exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Company Ownership.</u> Company shall retain all right, title, and interest to the Confidential Information,
 including all copies thereof and all rights to patents, copyrights, trademarks, trade secrets
 and other intellectual property rights inherent therein and appurtenant thereto. Subject
 to the terms and conditions of this Agreement, Company hereby grants Executive a non-exclusive,
 non-transferable, license during the Term to use any Confidential Information solely to the
 extent that such Confidential Information is necessary for the performance of Executive's
 duties hereunder. Executive shall not, by virtue of this Agreement or otherwise, acquire
 any proprietary rights whatsoever in Confidential Information, which shall be the sole and
 exclusive property and confidential information of Company. No identifying marks, copyright
 or proprietary right notices may be deleted from any copy of Confidential Information. Nothing
 contained herein shall be construed to limit the rights of Company from performing similar
 services for, or delivering the same or similar deliverable to, third parties using the Confidential
 Information and/or using the same personnel to provide any such services or deliverables.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Confidentiality Obligations.</u> Executive agrees to hold the Confidential Information in confidence and
 not to copy, reproduce, sell, assign, license, market, transfer, give or otherwise disclose
 such Confidential Information to any person or entity or to use the Confidential Information
 for any purposes whatsoever, without the express written permission of Company, other than
 disclosure to Executive's, partners, principals, directors, officers, employees, subcontractors
 and agents on a "need-to-know" basis as reasonably required for the performance
 of Executive's obligations hereunder or as otherwise agreed to herein. Executive shall
 be responsible to Company for any violation of this Section 7 by Executive's employees,
 subcontractors, and agents. Executive shall maintain the Confidential Information with the
 same degree of care, but no less than a reasonable degree of care, as Executive employs concerning
 its own information of like kind and character.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Required Disclosure.</u> If Executive is requested to disclose any of the Confidential Information
 as part of an administrative or judicial proceeding, Executive shall, to the extent permitted
 by applicable law, promptly notify Company of that request and cooperate with Company, at
 Company's expense, in seeking a protective order or similar confidential treatment
 for the Confidential Information. If no protective order or other confidential treatment
 is obtained, Executive shall disclose only that portion of Confidential Information which
 is legally required and will exercise all reasonable efforts to obtain reliable assurances
 that confidential treatment will be accorded the Confidential Information which is required
 to be disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Enforcement.</u> Executive acknowledges that the Confidential Information is unique and valuable, and that
 remedies at law will be inadequate to protect Company from any actual or threatened breach
 of this Section 7 by Executive and that any such breach would cause irreparable and continuing
 injury to Company. Therefore, Executive agrees that Company shall be entitled to seek equitable
 relief with respect to the enforcement of this Section 7 without any requirement to post
 a bond, including, without limitation, injunction and specific performance, without proof
 of actual damages or exhausting other remedies, in addition to all other remedies available
 to Company at law or in equity. For greater clarity, in the event of a breach or threatened
 breach by Executive of any of the provisions of this Section 7, in addition to and not in
 limitation of any other rights, remedies or damages available at law or in equity, Company
 shall be entitled to a permanent injunction or other like remedy in order to prevent or restrain
 any such breach or threatened breach by Executive, and Executive agrees that an interim injunction
 may be granted against Executive immediately on the commencement of any action, claim, suit
 or proceeding by Company to enforce the provisions of this Section 7, and Executive further
 irrevocably consents to the granting of any such interim or permanent injunction or any like
 remedy. If any action at law or in equity is necessary to enforce the terms of this Section
 7, Executive, if it is determined to be at fault, shall pay Company's reasonable legal
 fees and expenses on a substantial indemnity basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Related Duties.</u> Executive shall: (i) promptly deliver to Company upon Company's request
 all materials in Executive's possession which contain Confidential Information; (ii)
 use its best efforts to prevent any unauthorized use or disclosure of the Confidential Information;
 (iii) notify Company in writing immediately upon discovery of any such unauthorized use or
 disclosure; and (iv) cooperate in every reasonable way to regain possession of any Confidential
 Information and to prevent further unauthorized use and disclosure thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Legal Exceptions.</u> Further notwithstanding the foregoing provisions of this Section 7, Executive
 may disclose confidential information as may be expressly required by law, governmental rule,
 regulation, executive order, court order, or in connection with a dispute between the Parties;
 provided that prior to making any such disclosure, subject to applicable law, Executive shall
 use its best efforts to: (i) provide Company with at least fifteen (15) days' prior
 written notice setting forth with specificity the reason(s) for such disclosure, supporting
 documentation therefor, and the circumstances giving rise thereto; and (ii) limit the scope
 and duration of such disclosure to the strictest possible extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation.</u> Except as specifically set forth herein, no licenses or rights under any patent, copyright,
 trademark, or trade secret are granted by Company to Executive hereunder, or are to be implied
 by this Agreement. Except for the restrictions on use and disclosure of Confidential Information
 imposed in this Agreement, no obligation of any kind is assumed or implied against either
 Party or their Affiliates by virtue of meetings or conversations between the Parties hereto
 with respect to the subject matter stated above or with respect to the exchange of Confidential
 Information. Each Party further acknowledges that this Agreement and any meetings and communications
 of the Parties and their affiliates relating to the same subject matter shall not: (i) constitute
 an offer, request, invitation or contract with the other Party to engage in any research,
 development or other work; (ii) constitute an offer, request, invitation or contract involving
 a buyer-seller relationship, joint venture, teaming or partnership relationship between the
 Parties and their affiliates; or (iii) constitute a representation, warranty, assurance,
 guarantee or inducement with respect to the accuracy or completeness of any Confidential
 Information or the non-infringement of the rights of third persons.

Section 8. <u>Intellectual Property Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Disclosure of Work Product.</u> As used in this Agreement, the term "Work Product" means
 any invention, whether or not patentable, know-how, designs, mask works, trademarks, formulae,
 processes, manufacturing techniques, trade secrets, ideas, artwork, software or any copyrightable
 or patentable works. Executive agrees to disclose promptly in writing to Company, or any
 person designated by Company, all Work Product that is solely or jointly conceived, made,
 reduced to practice, or learned by Executive in the course of any work performed for Company
 ("Company Work Product"). Executive agrees (a) to use Executive's best
 efforts to maintain such Company Work Product in trust and strict confidence; (b) not to
 use Company Work Product in any manner or for any purpose not expressly set forth in this
 Agreement; and (c) not to disclose any such Company Work Product to any third party without
 first obtaining Company's express written consent on a case-by-case basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Ownership of Company Work Product.</u> Executive agrees that any and all Company Work Product conceived,
 written, created or first reduced to practice in the performance of work under this Agreement
 shall be deemed "work for hire" under applicable law and shall be the sole and
 exclusive property of Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Assignment of Company Work Product.</u> Executive irrevocably assigns to Company all right, title and
 interest worldwide in and to the Company Work Product and all applicable intellectual property
 rights related to the Company Work Product, including without limitation, copyrights, trademarks,
 trade secrets, patents, moral rights, contract and licensing rights (the "Proprietary
 Rights"). Except as set forth below, Executive retains no rights to use the Company
 Work Product and agrees not to challenge the validity of Company's ownership in the
 Company Work Product. Executive hereby grants to Company a perpetual, non-exclusive, fully
 paid-up, royalty-free, irrevocable and world-wide right, with rights to sublicense through
 multiple tiers of sublicensees, to reproduce, make derivative works of, publicly perform,
 and display in any form or medium whether now known or later developed, distribute, make,
 use and sell any and all Executive owned or controlled Work Product or technology that Executive
 uses to complete the services and which is necessary for Company to use or exploit the Company
 Work Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Assistance.</u> Executive agrees to cooperate with Company or its designee(s), both during and after the
 Term, in the procurement and maintenance of Company's rights in Company Work Product
 and to execute, when requested, any other documents deemed necessary by Company to carry
 out the purpose of this Agreement. Executive will assist Company in every proper way to obtain,
 and from time to time enforce, United States and foreign Proprietary Rights relating to Company
 Work Product in any and all countries. Executive's obligation to assist Company with
 respect to Proprietary Rights relating to such Company Work Product in any and all countries
 shall continue beyond the termination of this Agreement, but Company shall compensate Executive
 at a reasonable rate to be mutually agreed upon after such termination for the time actually
 spent by Executive at Company's request on such assistance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Execution of Documents.</u> In the event Company is unable for any reason, after reasonable effort,
 to secure Executive's signature on any document requested by Company pursuant to this
 Section 8 within seven (7) days of the Company's initial request to Executive, Executive
 hereby irrevocably designates and appoints Company and its duly authorized officers and agents
 as its agent and attorney in fact, which appointment is coupled with an interest, to act
 for and on its behalf solely to execute, verify and file any such documents and to do all
 other lawfully permitted acts to further the purposes of this Section 8 with the same legal
 force and effect as if executed by Executive. Executive hereby waives and quitclaims to Company
 any and all claims, of any nature whatsoever, which Executive now or may hereafter have for
 infringement of any Proprietary Rights assignable hereunder to Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Executive Representations and Warranties.</u> Executive hereby represents and warrants that: (i) Company
 Work Product will be an original work of Executive or all applicable third parties will have
 executed assignments of rights reasonably acceptable to Company; (ii) neither the Company
 Work Product nor any element thereof will infringe the intellectual property rights of any
 third party; (iii) neither the Company Work Product nor any element thereof will be subject
 to any restrictions or to any mortgages, liens, pledges, security interests, encumbrances
 or encroachments; (iv) Executive will not grant, directly or indirectly, any rights or interest
 whatsoever in the Company Work Product to any third party; (v) Executive has full right and
 power to enter into and perform Executive's obligations under this Agreement without
 the consent of any third party; (vi) Executive will use best efforts to prevent injury to
 any person (including employees of Company) or damage to property (including Company's
 property) during the Term; and (vii) should Company permit Executive to use any of Company's
 equipment, tools, or facilities during the Term, such permission shall be gratuitous and
 Executive shall be responsible for any injury to any person (including death) or damage to
 property (including Company's property) arising out of use of such equipment, tools
 or facilities.

Section 9. <u>Non-Solicitation</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Existing Business Interests.</u> The Parties acknowledge that the Company is engaged in the various
 business as disclosed to the Executive (together with such other activities as may be engaged
 in from time to time, the "Existing Business"). As part of this Existing Business,
 Company has developed and continues to develop Confidential Information regarding the operation
 of such business. In addition, Company has developed and continues to develop substantial
 relationships with existing and prospective clients, accounts, suppliers and others, as well
 as goodwill associated with these relationships and business. These relationships are a substantial
 business asset owned by, and proprietary to, Company and are integral to Company's
 Existing Business and continued operation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Developing Business Interests</u>. The Company also is engaged in expanding its business by developing
 new business concepts and services (the "Developing Business"). As part of this Developing Business, the Company
 has developed and continues to develop Confidential Information related thereto, valuable
 relationships with prospective and existing clients, accounts, suppliers and others, and
 continues to create goodwill associated with these relationships and business. The Developing
 Business is a substantial business asset owned by, and proprietary to, the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Other Legitimate Business Interests</u>. In addition to the Existing Business and the Developing
 Business, Company has other legitimate business interests which are necessary to protect through the provisions of this Section 9, which Executive acknowledges include, but are not
 limited to the following (collectively the "Other Legitimate Business Interests"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Company has expended considerable resources in developing relationships with its suppliers,
 clients and customers;

(ii) The
 Company has expended considerable resources to recruit and hire vendors and/or employees
 who could perform services for Company;

(iii) Executive
 may, through the contractual relationship set forth herein, develop a substantial relationship
 with Company's existing or potential clients, including but not limited to being the
 sole or primary contact between Company and its clients and principals; and

(iv) The
 relationship between Company and its clients and principals will depend on the quality and
 quantity of the services Executive performs for Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Acknowledgement of Company's Right to Protection of Business Interests.</u> Executive acknowledges
 and agrees that Company desires, is entitled to, and deserves, protection of its legitimate business interests associated with the Existing Business, the Developing
 Business and the Other Legitimate Business Interests. Accordingly, Executive agrees to the
 restrictions set forth in this Section 9 as reasonable under the circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>No-Solicitation.</u> In recognition and consideration of Company's Existing Business, Developing Business
 and Other Legitimate Business Interests, subject to applicable law, Executive agrees that,
 for the Term and for a period of three (3) years thereafter, Executive shall not, directly
 or indirectly solicit or discuss with any employee of Company the employment of such Company
 employee by any other commercial enterprise other than Company, nor recruit, attempt to recruit,
 hire or attempt to hire any such Company employee on behalf of any commercial enterprise
 other than Company. Nothing in this Section 9(e) shall prohibit Executive from undertaking
 a general recruitment advertisement provided that the foregoing is not targeted towards any
 person identified above, or from hiring, employing or engaging any such person who responds
 to such general recruitment advertisement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Remedies for Breach of Restrictions.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Executive
 admits and agrees that Executive's breach of the provisions of this Section 9 would
 result in irreparable harm to Company. Accordingly, in the event of Executive's breach
 or threatened breach of such restrictions, Executive agrees that Company shall be entitled
 to an injunction restraining such breach or threatened breach without the necessity of posting
 a bond or other security. Further, in the event of Executive's breach, the duration
 of the restrictions contained in this Section 9 shall be extended for the entire time that
 the breach existed so that Company is provided with the full time period provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In
 addition to injunctive relief, Company shall be entitled to any other remedy available in
 law or equity by reason of Executive's breach or threatened breach of the restrictions
 contained in this Section 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If
 the Company retains an attorney to enforce the provisions of this Section 9, the Company
 shall be entitled to recover its reasonable attorneys' fees and costs so incurred from
 Executive, both prior to filing a lawsuit, during the lawsuit and on appeal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Blue Pencil.</u> Executive has carefully read and considered the provisions of this Section 9
 and, having done so, agrees that the restrictions set forth in such Section 9 are fair and
 reasonable and are reasonably required for the protection of the legitimate business interests
 of the Company. In the event that a court of competent jurisdiction shall determine that
 any of the foregoing restrictions are unenforceable, the Parties hereto agree that it is
 their desire that such court substitute an enforceable restriction in place of any restriction
 deemed unenforceable, and that the substitute restriction be deemed incorporated herein and
 enforceable against Executive. It is the intent of the Parties hereto that the court, in
 so determining any such enforceable substitute restriction, recognize that it is their intent
 that the foregoing restrictions be imposed and maintained to the greatest extent possible.

Section 10. <u>Representations and Warranties Relating to Securities.</u> The Options, and any shares of Common Stock or other securities of the Company that may be issued or granted to the Executive hereunder or pursuant to any other agreement between the Company and the Executive in connection with the transactions contemplated herein may be referred to as the "Securities", and Executive represents and warrants to the Company as set forth in this Section 10 with respect to the Securities and Executive's receipt thereof, as of the Effective Date and as of the date of any issuance or granting of any Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Executive
 is an "accredited investor" as that term is defined in Rule 501(a) of Regulation
 D promulgated pursuant to the Securities Act (an "Accredited Investor").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive
 hereby represent that the Securities awarded pursuant to this Agreement are being acquired
 for Executive's own account and not for sale or with a view to distribution thereof.
 Executive acknowledges and agrees that any sale or distribution of Securities which have
 vested may be made only pursuant to either (a) a registration statement on an appropriate
 form under the Securities Act of 1933, as amended (the "Securities Act"), which
 registration statement has become effective and is current with regard to the shares being
 sold, or (b) a specific exemption from the registration requirements of the Securities Act
 that is confirmed in a favorable written opinion of counsel, in form and substance satisfactory
 to counsel for the Company, prior to any such sale or distribution. Executive hereby consents
 to such action as the Board or the Company deems necessary or appropriate from time to time
 to prevent a violation of, or to perfect an exemption from, the registration requirements
 of the Securities Act or to implement the provisions of this Agreement, including but not
 limited to placing restrictive legends on certificates evidencing shares of Securities (whether
 or not the Restrictions applicable thereto have lapsed) and delivering stop transfer instructions
 to the Company's stock transfer agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Executive
 understands that the Securities is being offered and sold to Executive in reliance upon specific
 exemptions from the registration requirements of United States federal and state securities
 laws and that the Company is relying upon the truth and accuracy of, and Executive's
 compliance with, the representations, warranties, agreements, acknowledgments and understandings
 of the Executive set forth herein in order to determine the availability of such exemptions
 and the eligibility of the Executive to acquire the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Executive
 has been furnished with all documents and materials relating to the business, finances and
 operations of the Company and information that Executive requested and deemed material to
 making an informed investment decision regarding its acquisition of the Securities. Executive
 has been afforded the opportunity to review such documents and materials and the information
 contained therein. Executive has been afforded the opportunity to ask questions of the Company
 and its management. Executive understands that such discussions, as well as any written information
 provided by the Company, were intended to describe the aspects of the Company's business
 and prospects which the Company believes to be material, but were not necessarily a thorough
 or exhaustive description and the Company makes no representation or warranty with respect
 to the completeness of such information and makes no representation or warranty of any kind
 with respect to any information provided by any entity other than the Company. Some of such
 information may include projections as to the future performance of the Company, which projections
 may not be realized, may be based on assumptions which may not be correct and may be subject
 to numerous factors beyond the Company's control. Additionally, Executive understands
 and represents that Executive is acquiring the Securities notwithstanding the fact that the
 Company may disclose in the future certain material information that the Executive has not
 received. Executive has sought such accounting, legal and tax advice as Executive has considered
 necessary to make an informed investment decision with respect to Executive's investment
 in the Securities. Executive has full power and authority to make the representations referred
 to herein, to acquire the Securities and to execute and deliver this Agreement. Executive,
 either personally, or together with Executive's advisors has such knowledge and experience
 in financial and business matters as to be capable of evaluating the merits and risks of
 an investment in the Securities, is able to bear the risks of an investment in the Securities
 and understands the risks of, and other considerations relating to, a purchase of the Securities.
 The Executive and Executive's advisors have had a reasonable opportunity to ask questions
 of and receive answers from the Company concerning the Securities. Executive's financial
 condition is such that Executive is able to bear the risk of holding the Securities that
 Executive may acquire pursuant to this Agreement for an indefinite period of time, and the
 risk of loss of Executive's entire investment in the Company. Executive has investigated
 the acquisition of the Securities to the extent Executive deemed necessary or desirable and
 the Company has provided Executive with any reasonable assistance Executive has requested
 in connection therewith. No representations or warranties have been made to Executive by
 the Company, or any representative of the Company, or any securities broker/dealer, other
 than as set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Executive
 also acknowledges and agrees that an investment in the Securities is highly speculative and
 involves a high degree of risk of loss of the entire investment in the Company and there
 is no assurance that a public market for the Securities will ever develop and that, as a
 result, Executive may not be able to liquidate Executive's investment in the Securities
 should a need arise to do so. Executive is not dependent for liquidity on any of the amounts
 Executive is investing in the Securities. Executive has full power and authority to make
 the representations referred to herein, to acquire the Securities and to execute and deliver
 this Agreement. Executive understands that the representations and warranties herein are
 to be relied upon by the Company as a basis for the exemptions from registration and qualification
 of the issuance and sale of the Securities under the federal and state securities laws and
 for other purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Executive
 understands that no United States federal or state agency or any other government or governmental
 agency has passed upon or made any recommendation or endorsement of the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Executive
 understands that until such time as the Securities have been registered under the Securities
 Act or may be sold pursuant to Rule 144, Rule 144A under the Securities Act or Regulation
 S without any restriction as to the number of securities as of a particular date that can
 then be immediately sold, the Securities may bear a restrictive legend in substantially the
 following form (and a stop-transfer order may be placed against transfer of the certificates
 for such Securities):

"NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A OR REGULATION S UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) This
 Agreement has been duly and validly authorized by Executive. This Agreement has been duly
 executed and delivered on behalf of Executive, and this Agreement constitutes a valid and
 binding agreement of Executive enforceable in accordance with its terms, subject to the application
 of applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and
 other similar laws of general application affecting enforcement of creditors' rights
 generally and general principles of equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Executive
 is an individual resident of the state set forth in the notices provision for Executive herein.

Section 11. <u>Effect of Waiver</u>. The waiver by either Party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach hereof. No waiver shall be valid unless in writing.

Section 12. <u>Assignment</u>. No Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement, or any right arising from the purported assignor's due performance of its obligations hereunder, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect. Notwithstanding the foregoing, the Company may transfer, assign or delegate to any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company any of Company's rights, obligations or duties hereunder. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Section 13. <u>No Third-Party Rights</u>. Except as expressly provided in this Agreement, this Agreement is intended solely for the benefit of the Parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person or entity other than the Parties hereto.

Section 14. <u>Entire Agreement; Effectiveness of Agreement</u>. This Agreement, the Option Agreement and any other agreement entered into between the Company and Executive with respect to the issuance of any equity securities of the Company or other equity awards relating to the Company set forth the entire agreement of the Parties hereto and shall supersede any and all prior agreements and understandings concerning the Executive's employment by the Company. This Agreement may be changed only by a written document signed by the Executive and the Company.

Section 15. <u>Survival</u>. The provisions of Section 2, Section 3, Section 4, Section 5, Section 6, Section 7, Section 8, Section 9 and Section 13 through Section 26, inclusive, shall survive any termination or expiration of this Agreement, and provided that any expiration or termination of this Agreement shall not excuse a Party from compliance with, or fulfillment of, any obligations or conditions which arose prior to such expiration or termination.

Section 16. <u>Severability</u>. If any one or more of the provisions, or portions of any provision, of the Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions or parts hereof shall not in any way be affected or impaired thereby.

Section 17. <u>Governing Law and Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 Agreement, and any and all claims, proceedings or causes of action relating to this Agreement
 or arising from this Agreement or the transactions contemplated herein, including, without
 limitation, tort claims, statutory claims and contract claims, shall be interpreted, construed,
 governed and enforced under and solely in accordance with the substantive and procedural
 laws of the State of Delaware, in each case as in effect from time to time and as the same
 may be amended from time to time, and as applied to agreements performed wholly within the
 State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject
 to Section 18, each Party agrees that all legal proceedings concerning this Agreement shall
 be commenced in the state and federal courts sitting in Orange County, California (the "Selected
 Courts"). Each Party hereto hereby irrevocably submits to the exclusive jurisdiction
 of the Selected Courts for the adjudication of any dispute hereunder or in connection herewith
 or with any transaction contemplated hereby or discussed herein (including with respect to
 the enforcement of the rights of a Party under this Agreement), and hereby irrevocably waives,
 and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
 subject to the jurisdiction of such Selected Courts, or such Selected Courts are improper
 or inconvenient venue for such proceeding. Each Party hereby irrevocably waives personal
 service of process and consents to process being served in any such suit, action or proceeding
 by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
 of delivery) to such Party at the address in effect for notices to it under this Agreement
 and agrees that such service shall constitute good and sufficient service of process and
 notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
 serve process in any other manner permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) TO
 THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL
 RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING
 TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES
 THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
 OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
 FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
 TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
 IN THIS Section 17(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Subject
 to the provisions of Section 18, if any Party shall commence an action or proceeding to enforce
 any provisions of this Agreement, then the prevailing Party in such action or proceeding
 shall be reimbursed by the other Party for its attorney's fees and other costs and
 expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

Section 18. <u>Arbitration</u>. Any controversy, claim or dispute arising out of or relating to this Agreement or the Executive's employment by the Company, including, but not limited to, common law and statutory claims for discrimination, wrongful discharge, and unpaid wages, shall be resolved by arbitration pursuant to then-prevailing National Rules for the Resolution of Employment Disputes of the American Arbitration Association. The arbitration will take place via remote telecommunication means, unless the Parties mutually agree otherwise, in the event that arbitrator requires an in-person arbitration and the Parties cannot agree on a location, then the arbitration will take place in Newport Beach, California. The arbitration shall be conducted by one arbitrator jointly selected by the Parties. In the event that the Parties are unable to agree on the identity of the arbitrator within ten days of the commencement of efforts to do so, each Party shall select one arbitrator and the two arbitrators so selected shall select the sole arbitrator who shall hear and resolve controversy, claim or dispute. The arbitrator shall be bound to follow the applicable Agreement provisions in adjudicating the dispute. It is agreed by both Parties that the arbitrator's decision is final, and that no Party may take any action, judicial or administrative, to overturn such decision. The judgment rendered by the arbitrator may be entered in the Selected Courts. Subject to the provisions of Section 17(d), each Party will pay its own expenses of arbitration and the expenses of the arbitrator will be equally shared provided that, if in the opinion of the arbitrator any claim, defense, or argument raised in the arbitration was unreasonable, the arbitrator may assess all or part of the expenses of the other Party (including reasonable attorneys' fees) and of the arbitrator as the arbitrator deems appropriate. The arbitrator may not award either Party punitive or consequential damages.

Section 19. <u>General Remedies.</u> Each Party acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the other Party, and thus each Party acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by such Party of the provisions of this Agreement, that the other Party shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

Section 20. <u>Indemnification</u>. During the Term, the Executive shall be entitled to indemnification and insurance coverage for officers' liability, fiduciary liability and other liabilities arising out of the Executive's position with the Company in any capacity, in an amount not less than the highest amount available to any other executive, and such coverage and protections, with respect to the various liabilities as to which the Executive has been customarily indemnified prior to termination of employment, shall continue for at least six years following the end of the Term. Any indemnification agreement entered into between the Company and the Executive shall continue in full force and effect in accordance with its terms following the termination of this Agreement.

Section 21. <u>Expenses</u>. Other than as specifically set forth herein, each of the Parties will bear their own respective expenses, including legal, accounting and professional fees, incurred in connection with this Agreement and the transactions contemplated herein.

Section 22. <u>Notices</u>. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party, or by registered or certified mail, return receipt requested, postage prepaid, or by email with return receipt requested and received or nationally recognized overnight courier service, addressed as set forth below or to such other address as either Party shall have furnished to the other in writing in accordance herewith. All notices, requests, demands and other communications shall be deemed to have been duly given (i) when delivered by hand, if personally delivered, (ii) when delivered by courier or overnight mail, if delivered by commercial courier service or overnight mail, and (iii) on receipt of confirmed delivery, if sent by email.

If to the Company:

Bimergen Energy Corporation

Attention: Robert J. Brilon

895 Dove Street, Suite 300

Newport Beach, CA 92660

Email: Bob@Bimergen.com

If to Executive, to the address and email address for Executive as set forth in the books and records of the Company.

Section 23. <u>Headings</u>. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

Section 24. <u>Counsel</u>. The Parties acknowledge and agree that Anthony, Linder & Cacomanolis, PLLC ("Counsel") has acted as legal counsel to the Company, and that Counsel has prepared this Agreement at the request of the Company, and that Counsel is not legal counsel to Executive individually. Each of the Parties acknowledges and agrees that they are aware of, and have consented to, the Counsel acting as legal counsel to the Company and preparing this Agreement, and that Counsel has advised each of the Parties to retain separate counsel to review the terms and conditions of this Agreement and the other documents to be delivered in connection herewith, and each Party has either waived such right freely or has otherwise sought such additional counsel as it has deemed necessary. Each of the Parties acknowledges and agrees that Counsel does not owe any duties to Executive in Executive's individual capacity in connection with this Agreement and the transactions contemplated herein. Each of the Parties hereby waives any conflict of interest which may apply with respect to Counsel's actions as set forth herein, and the Parties confirm that the Parties have previously negotiated the material terms of the agreements as set forth herein.

Section 25. <u>Rule of Construction</u>. The general rule of construction for interpreting a contract, which provides that the provisions of a contract should be construed against the Party preparing the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or such Party had the opportunity to retain counsel to participate in the preparation of this Agreement but elected not to do so.

Section 26. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

*[Signatures appear on following page]*

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

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| | |
|:---|:---|
| Bimergen Energy Corporation | Bimergen Energy Corporation |
| By: |  |
| Name: | Robert J. Brilon |
| Title: | Co-Chief Executive Officer |
| Executive: Cole W Johnson | Executive: Cole W Johnson |
| By: | /s/ Cole W Johnson |
| Name: | Cole W Johnson |

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