Document:

Exhibit 10.14

   

  AMENDMENT NO. 1 TO LEASE

   

  This Amendment to the Lease Agreement (this “Amendment”), dated as
      of March 1, 2021 (“Amendment Date”), is made between 1830 Charles Street, LLC, a Maryland limited liability company (“Landlord”) and ZeroFOX, Inc., a Delaware corporation (“ZeroFOX”).

   

  A.

  The parties previously entered into the Lease Agreement, dated as of February 27, 2016 (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Existing Agreement”).

   

  B.

  Section 1.06 of the Existing Agreement provided for three extensions which have exhausted.

   

  C.

  The parties desire to amend the Existing Agreement to extend the term of the Lease on the terms and subject to the conditions of this Amendment.

   

  The Parties agree as follows:

   

  1.

  DEFINITIONS. Capitalized terms not otherwise defined in this Amendment shall have the respective meanings assigned to them in the Existing Agreement.

   

  2.

  AMENDMENTS. As of the Amendment Date, the Existing Agreement is hereby amended or modified as follows:

   

  (A)       TERM: The term of the Existing Agreement is hereby
      extended to February 28, 2023 (“Renewal Term”).

   

  (B)       BASE RENT/MONTHLY RENT:

  

   

   

  	Period Base	Base Rent	Monthly
              Rent
	March 1, 2021 –
            February 28, 2022	$ 422,038.44	$35,169.87
	March

            1, 2022 – February 28, 2023	$ 434,699.64	$36,224.97

   

  3.

  DATE OF EFFECTIVENESS; LIMITED EFFECT. This Amendment is effective on the Amendment Date. Except as expressly provided in this Amendment, all of the terms and provisions of the Existing Agreement are and will remain in
      full force and effect and are hereby ratified and confirmed by the parties. Without limiting the generality of the foregoing, the amendments contained herein will not be construed as an amendment to or waiver of any other provision of the Existing
      Agreement or as a waiver of or consent to any further or future action on the part of either party that would require the waiver or consent of the other party. On and after the Amendment Date, each reference in the Existing Agreement to “this
      Agreement,” “the Agreement,” “hereunder,” “hereof,” “herein,” or words of like import will mean and be a reference to the Existing Agreement as amended by this Amendment.

   

  4.

  MISCELLANEOUS. This Amendment shall inure to the benefit of and be binding upon each of the parties and each of their respective permitted successors and permitted assigns. The headings in this Amendment are for
      reference only and do not affect the interpretation of this Amendment. This Amendment constitutes the sole and entire agreement between the parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous
      understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be
      deemed to be one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by fax or by email of a scanned copy, or execution and delivery through an electronic signature service (such as DocuSign), shall be
      effective as delivery of an original executed counterpart of this Amendment.

  
    1 

    
      
 

  

   

  IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of
      Amendment Date.

   

  

  	1830 Charles Street, LLC:	ZEROFOX, INC.

   

  	By:	/s/ James C. Foster	 	By:	/s/ Tim Bender 
	 	Name:	James C. Foster	 	 	Name:	Tim Bender 
	 	 	 	 	 	Title:	Chief Financial Officer

   

  2Exhibit 10.15

   

   

   

  Kevin Reardon

      5112 Mintz Lane

      Ellicott City, MD 21043

   

  Kevin,

   

  ZeroFOX, Inc. (“ZeroFOX”) is pleased to make an offer of employment for the position of ZeroFOX

        Corporate Officer and Chief Operating Officer reporting to the Chief Executive Officer and your place of duty will be at the ZeroFox headquarters in Baltimore, MD.

   

  Your position is exempt and your annual On Target Earnings are projected to be $470,000.
      Of this amount, your base salary will be $300,000 per annum. Your annual incentive compensation is projected to be 170,000, paid annually in arrears, and is based upon attainment of company objectives aligned with the CEO’s
      incentive plan. All compensation will be payable in accordance with ZeroFOX’s payroll practices and subject to applicable withholdings and deductions. You will be entitled to receive those benefits made available to ZeroFOX’s employees.

   

  ZeroFOX agrees to pay you $85,000 of your first year’s annual incentive
      compensation as a Sign-on Bonus. The Sign-on Bonus is contingent on your continuous employment with ZeroFOX for a period of one year beginning on your first working day with ZeroFOX. Should your employment with ZeroFOX end voluntarily or for cause
      before this time period elapses, you will be responsible for reimbursing to ZeroFOX all monies received relating to the Sign-on Bonus. The Sign-on Bonus will be paid in the next practical payroll following your 1st month anniversary.

   

  ZeroFox, or its successors, agrees to pay you $300,000 if the Company’s Board of
      Directors approves a definitive Chanute in Control transaction agreement within twenty-four months from the effective date of this letter in accordance with the ZeroFox Side Letter-Option Vesting Upon Change in Control Agreement.

   

  Subject to the approval of the Board of Directors, ZeroFOX anticipates you will be eligible
      to receive equity compensation in the form of 4,100,000 options to purchase shares of Common Stock of ZeroFOX based upon the company’s capitalization on your employment commencement date. These options will be issued at a price per share
      based on a 409A Common Stock valuation to be obtained from an independent third party. The terms of the options will be subject to the ZeroFOX 2013 Equity Incentive Plan, an Incentive Stock Option Grant Agreement and all applicable laws.
      Additionally, you will be eligible to receive equity compensation in the form of 1,250,000 options to purchase shares of Common Stock of ZeroFOX once the company achieves $50M ARR.

   

  Upon being hired, you will be required to provide ZeroFOX with documentary evidence of your
      identity and eligibility for employment in the United States, per federal immigration law. Such documentation must be provided within three (3) business days of your date of hire, or our employment relationship with you may be terminated. This offer
      of employment may be contingent on the successful completion and review of a reference check or background check, which may include drug screening. All results are held as strictly confidential.

   

  Confidential & Proprietary

  
     

    
      
 

  

   

   

   

  We understand, based on what you have told us, that there are no contractual conditions that
      will prevent you from performing the responsibilities of this offered position. Also, we expect that coming to work for ZeroFOX will not violate any Employment Agreement, Non- Disclosure Agreement, Non-Compete Agreement, or Shareholder Agreement with
      any former employers.

   

  Moreover, you agree, that during the term of your employment with ZeroFOX, you will not
      engage in any other employment, occupation, consulting or other business activity directly related to the business in which ZeroFOX is now involved or becomes involved during the term of your employment. Nor will you engage in any other activities
      that conflict with your obligations to ZeroFOX. Similarly, you agree not to bring any third-party confidential information to ZeroFOX, including that of your former employer and that in performing your duties for ZeroFOX you will not in any way
      utilize any such information.

   

  This letter sets forth the terms of your employment with ZeroFOX and supersedes any prior
      representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including but not limited to its at-will employment
      provision, may not be modified or amended except by a written agreement signed by the CEO of ZeroFOX and you. For avoidance of doubt, your employment with ZeroFOX is at will, and can be terminated by either party with or without cause and any time.

   

  Your start date is expected to be on or before January 31, 2020.

   

  This offer is contingent upon acceptance of this offer letter and upon your execution of
      ZeroFOX’s standard restrictive and employee agreement. This offer shall be deemed validly executed and delivered by a party if a party executes and delivers a copy to the other party in person, via registered mail or by e-mail transmittal.

   

  Confidential & Proprietary

  

  
     

    
      
 

  

   

  

   

   

   

  We look forward to welcoming you to the team. We are confident that ZeroFOX offers you an
      excellent professional opportunity and a personal challenge, which we hope will result in a mutually beneficial, long-term relationship. We would appreciate your acceptance of this offer by signing and dating in the spaces provided, then returning a
      copy to my attention as soon as possible.

   

  Respectfully,

   

  /s/ James C. Foster 

   

  James C. Foster

      Chief Executive Officer

      ZeroFOX, Inc.

   

  I have read, agreed to and accept the terms and conditions of employment as set forth above.

   

  	Date:	19 Dec 2019	Printed Name:	KEVIN T. REARDON	 

   

  	Signature:	/s/ KEVIN T. REARDON	 

   

  Confidential & ProprietaryExhibit 10.16

   

  

   

  September 30, 2015

   

  Scott O’Rourke

    1311 Hull Street

    Baltimore, MD 21230

    scottmorourke@yahoo.com

   

  Dear Scott,

   

  ZeroFOX, Inc. (“ZeroFOX”) is pleased to make an offer of employment for the position of Vice

        President of Commercial Sales reporting to the Chief Executive Officer and your place of duty will be in Baltimore, MD.

   

  Your position is Exempt and your annual base salary will be $175,000.00 per annum,
      payable in accordance with ZeroFOX’s payroll practices and subject to applicable withholdings and deductions. Additionally, in accordance with the Vice President of Commercial Sales Bonus Plan, you will be eligible to receive incentive compensation
      (earned quarterly, paid annually) based upon achievement of company sales objectives and performance targets. Target incentive compensation is expected to be $175,000.00 on annualized basis for a total on target earning of $350,000.00. The

      first three months of this target incentive compensation will be guaranteed. You will be entitled to receive those benefits made available to ZeroFOX’s employees.

   

  Subject to the approval of the Board of Directors, ZeroFOX anticipates you will be eligible to
      receive equity compensation that will equal 175,000 options to purchase shares of Common Stock of ZeroFOX based upon the company’s capitalization on your employment commencement date. These options will be issued at an exercise price of $.14
      (fourteen cents) per share based on the most recent 409a valuation performed by an independent third party. The terms of the options will be subject to the ZeroFOX 2013 Equity Incentive Plan, an Incentive Stock Option Grant Agreement and all
      applicable laws.

   

  Upon being hired, you will be required to provide ZeroFOX with documentary evidence of your
      identity and eligibility for employment in the United States, per federal immigration law. Such documentation must be provided within three (3) business days of your date of hire, or our employment relationship with you may be terminated. This offer
      of employment may be contingent on the successful completion and review of a reference check or background check, which may include drug screening. All results are held as strictly confidential.

   

  We understand, based on what you have told us, that there are no contractual conditions that
      will prevent you from performing the responsibilities of this offered position. Also, we expect that coming to work for ZeroFOX will not violate any Employment Agreement, Non-Disclosure Agreement, Non-Compete Agreement, or Shareholder Agreement with
      any former employers.

   

  Moreover, you agree, that during the term of your employment with ZeroFOX, you will not engage
      in any other employment, occupation, consulting or other business activity directly related to the business in which ZeroFOX is now involved or becomes involved during the term of your employment. Nor will you engage in any other activities that
      conflict with your obligations to ZeroFOX. Similarly, you agree not to bring any third-party confidential information to ZeroFOX, including that of your former employer and that in performing your duties for ZeroFOX you will not in any way utilize
      any such information.

   

  Confidential & Proprietary 

  
     

    
      
 

  

   

   

   

   

  This letter sets forth the terms of your employment with ZeroFOX and supersedes any prior
      representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including but not limited to its at-will employment
      provision, may not be modified or amended except by a written agreement signed by the CEO of ZeroFOX and you. For avoidance of doubt, your employment with ZeroFOX is at will, and can be terminated by either party with or without cause and any time.

   

  Your start date is expected to be on or before October 19, 2015.

   

  This offer is contingent upon acceptance of this offer letter and upon your execution of
      ZeroFOX’s standard restrictive and employee agreement. This offer shall be deemed validly executed and delivered by a party if a party executes and delivers a copy to the other party in person, via registered mail or by e-mail transmittal.

   

  We look forward to welcoming you to the tenor. We are confident that ZeroFOX offers you an
      excellent professional opportunity and a exceptional challenge, which we hope will result in a mutually beneficial, long-term relationship. We would appreciate your acceptance of this offer by signing and dating in the spaces provided, then returning
      a copy to my attention as soon as possible.

   

  Respectfully,

   

   /s/ James C. Foster

   

  James C. Foster

      Chief Executive Officer

      ZeroFOX, Inc.

   

  I have read, agreed to and accept the terms and conditions of employment as set forth above.

   

  	Date:	SEPTEMBER 30, 2015	 	Printed Name:	Scott M. O Rarce

   

  	 	Signature:	/s/ Scott M. O Rarce

  

   

  Confidential & Proprietary

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