Document:

Exhibit
10.10

EMPLOYMENT
AGREEMENT

This
EMPLOYMENT AGREEMENT (the "Agreement") dated November 15, 2021 is by and between Expion360 Inc., a Nevada corporation (the
"Company") and John Yozamp ("Executive").

WHEREAS,
the Company employs Executive as its Chief Executive Officer; and

WHEREAS,
the Company and Executive desire to enter into this Agreement, which embodies the terms of such employment.

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration receipt
and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

1.                 
Term
of Employment. Subject to the provisions of Section 5 of this Agreement, Executive shall commence employment with the Company for
a period (the "Employment Term") commencing on the Effective Date and ending on the third anniversary of the Effective Date
on the terms and subject to the conditions set forth in this Agreement; provided, however, the Employment Term shall be automatically
extended for an additional one-year period commencing with the third anniversary of the Effective Date and, thereafter, on each such
successive anniversary of the Effective Date (each, an "Extension Date"), unless the Company or Executive provides the other
party at least 90 days' prior written notice before the next Extension Date that the Employment Term shall not be so extended (a "Notice
of Non-Renewal").

2.                 
Position, Duties, Authority, and Policies.

(a)               
Position. During the Employment Term, Executive
shall serve as the Chief

Executive
Officer of the Company. Executive shall also serve as the Chairman of the board of directors ("Board"). In such position, Executive
shall have such duties, functions, responsibilities and authority as shall be determined from time to time by the Board and consistent
with Executive's position and title. Executive shall report directly to the Board. From time to time, Executive shall serve on the board
of directors or other governing body of any Company or its subsidiaries (the "Company Group") as may be agreed to between the
Board and Executive or removed from any such position.

(b)               
Time Commitments. Executive will devote substantially
all of Executive's business time and best efforts to the operation and oversight of the business of the Company Group and performance
of Executive's duties hereunder (excluding periods of vacation, approved time off or leave of absence) and will not, without the Company's
prior consent (which shall not be unreasonably withheld, conditioned or delayed), engage in any other business activities that could
conflict with Executive's duties or services to the Company Group. Executive shall be subject to the terms and conditions of the Company
Group's employee policies and codes of conduct as in effect from time to time to the extent not inconsistent with this Agreement.

     

     

    

3.                 
Compensation.

(a)               
Base Salary. Upon completion of the Company's
initial public offering ("IPO") and during the Employment Term, the Company shall pay (or cause to be paid) to Executive a
base salary ("Base Salary") at the annual rate of $330,000, payable in regular installments in accordance with the usual payment
practices of the Company Group. Executive's Base Salary shall be subject to annual review and subject to increase, but not decrease,
as may be determined from time to time in the sole discretion of the Board.

(b)               
Bonuses. During the Employment Term, Executive
shall be eligible to earn an annual bonus award (an "Annual Bonus") based on the achievement of performance objectives and
targets established annually by the Board or the compensation committee of the Board, in consultation with Executive. Additional bonuses
may be granted by the Board to Executive in addition to the Annual Bonus, for services and results achieved by Executive. Any Annual
Bonus shall be paid to Executive within two and one-half months after the end of the applicable fiscal year; provided that if the applicable
performance objectives and targets have not, if necessary, been verified by audit by such time, then the Annual Bonus, if any, shall
be payable within 10 days following such verification, but not later than April 30 of such year (provided, that the Company shall use
its reasonable best efforts to complete any such audit and pay such Annual Bonus as promptly as practicable). No Annual Bonus shall be
payable in respect of any fiscal year in which Executive's employment is terminated, except to the extent provided in Section 5.

4.                 
Benefits.

(a)               
General. During the Employment Term, Executive
shall be entitled to participate in the retirement, health and welfare benefit plans, practices, policies and arrangements of the Company
Group as in effect from time to time (collectively, "Employee Benefits"), on terms and conditions no less favorable than each
of the Employee Benefits are made available to any other senior executive of the Company Group (other than with respect to any terms
and conditions specifically determined under this Agreement, the benefits for which shall be determined instead in accordance with this
Agreement). For the avoidance of doubt, no new benefit plans shall be required to be adopted. Executive shall be entitled to the perquisites
set fofth on Exhibit I.

(b)               
Vacation. Executive shall be entitled to six
weeks paid vacation pursuant to the applicable Company vacation policy, plan or regular practice, as may be modified from time to time.

(c)               
Reimbursement of Business Expenses. During the
Employment Term, the Company shall reimburse Executive for reasonable business expenses incurred by Executive in the performance of Executive's
duties hereunder in accordance with its then-prevailing business expense policy (which shall include appropriate itemization and substantiation
of expenses incurred); provided, that reimbursement for travel expenses incurred by Executive in the performance of Executive's duties
hereunder shall be made in accordance with the travel policy of the Company, which, with respect to Executive, shall be consistent with
the travel policy in effect for Executive as of immediately prior to the Effective Date.

5.                 
Termination.

(a)               
The Employment Term and Executive's employment hereunder
may be terminated by either party at any time and for any reason manner set forth in this Section 5; provided, that the terminating party
shall be required to give the other party at least 90 days' advance written notice (the "Notice Period") of such termination
(other than as a result of (i) a termination by the Company for Cause, which shall not require such advance notice, or (ii) a resignation
by Executive for Good Reason, which shall require notice as set forth in Section Notwithstanding any other provision of this Agreement,
the provisions of this Section 5 shall exclusively govern Executive's rights upon termination of employment with Company; provided, that
Executive's rights under any equity plan, equity incentive award agreement or other employee benefit plan that provides for rights (other
than severance payments) upon termination of employment shall, in each case, be governed exclusively by such plan or agreement, as applicable.

(b)               
By the Company for Cause or by Executive without
Good Reason.

(i)
The Employment Term and Executive's employment hereunder (A) may be terminated by the Company for Cause with immediate effect and (B)
shall terminate automatically upon the effective date (following the Notice Period) of Executive's resignation for any reason other than
Good Reason.

     

     

    

(ii)              
 For purposes of this Agreement, "Cause" shall
mean (A) any willful act or omission that constitutes a material breach by Executive of any of Executive's material obligations under
this Agreement; (B) the willful and continued failure or refusal of Executive to substantially perform the material duties reasonably
required of Executive as an employee of the Company Group; (C) Executive's commission or conviction of, or plea of guilty or nolo contendere
to, (l) a felony or (2) a crime involving fraud or moral turpitude (or any other crime relating to the Company Group which would reasonably
be expected to be materially injurious to the Company Group; provided, that if the Company terminates Executive's employment and withholds
payments or benefits to Executive on the assertion that Executive committed a felony or crime described in this clause and Executive
is subsequently acquitted of such felony or crime, then the Company shall promptly pay to Executive an amount sufficient to restore Executive
to the same economic position Executive would have been in had Executive's termination of employment been without Cause (including by
paying an amount in severance that Executive would have been entitled to under this Agreement); (D) Executive's willful theft, dishonesty
or other misconduct that would reasonably be expected to be injurious to the Company Group; (E) Executive's willful and unauthorized
use, misappropriation, destruction or diversion of any material or intangible asset of the Company Group (including, without limitation,
Executive's willful and unauthorized use or disclosure of the Company Group's confidential or propriety information) that would reasonably
be expected to be materially injurious to the Company Group; (F) any violation by Executive of any law regarding employment discrimination
or sexual harassment that would reasonably be expected to be materially injurious to the Company Group; provided, that a termination
of Executive's employment for Cause that is susceptible to cure shall not be effective unless the Company first gives Executive written
notice of its intention to terminate and the grounds for such termination, and Executive has not, within ten business days following
receipt of such notice, cured such Cause;

(iii)            
If Executive's employment is terminated by the Company
for Cause, Executive shall be entitled to receive:

(A) 
the Base Salary through the date of termination;

(B) 
reimbursement, within 30 days following receipt by the Company of Executive's claim for such reimbursement (including appropriate supporting
documentation), for any unreimbursed business expenses properly incurred by Executive in accordance with Company policy prior to Executive's
termination; provided, that such claims for such reimbursement are submitted to the Company within 90 days following the date of Executive's
termination of employment; and

(C) 
such Employee Benefits (other than with respect to severance benefits), if any, to which Executive may be entitled, payable in accordance
with the terms and conditions of an equity plan or other Company plans, program and policies (the amounts described in clauses (A) through
(C) hereof being referred to as the "Accrued Rights").

Following
such termination of Executive's employment by the Company for Cause, except as set forth in this Section 5(b)(iii), Executive shall have
no further rights to any compensation or any other benefits under this Agreement.

 

     

     

    

(iv)             
If Executive resigns for any reason other than Good
Reason, provided that Executive will be required to comply with the Notice Period requirement in Section 5(a), Executive shall be entitled
to receive the Accrued Rights. During the Notice Period, and subject to the following sentence, Executive shall continue to perform Executive's
duties and obligations under Section 2 hereto as reasonably requested by the Company, and shall receive the Base Salary and Employee
Benefits. In lieu of all or any portion of the Notice Period, the Company, at its sole election, may elect to pay to Executive the Base
Salary in lieu of notice (in which case, Executive's employment shall terminate on the date elected by the Company) or, if Executive
resigns for any reason other than Good Reason, the Company may elect to place Executive on "garden leave" during the Notice
Period (such period, if elected, the "Garden Leave Period"). If such Garden Leave Period is elected by the Company, then during
the Garden Leave Period, Executive shall (x) remain an employee of the Company but not be required to perform any duties for the Company
or attend work and (y) be eligible for continued Base Salary and medical and other employee benefits, but no other compensation, including
no incentive compensation or continued vesting in equity incentives or other awards during the Garden Leave Period. Following such resignation
by Executive for any reason other than Good Reason, except as set forth in this Section 5(b)(iv), Executive shall have no further compensation
or any other benefits under this Agreement.

(c)               
Disability or Death.

(ii) During
any period that Executive is unable to perform Executive's duties hereunder as a result of a Disability, Executive shall continue to
receive Executive's full Base Salary set forth in Section 3(a) and Employee Benefits set forth in Section 4(a) until Executive' employment
is terminated pursuant to Section 5(a). For purposes of this Agreement, "Disability" shall mean any medically determinable
physical or mental impairment resulting in Executive's inability to engage in any substantial gainful activity, where such impairment
can be expected to result in death or can be expected to last for a continuous period of inability to engage in any substantial gainful
activity of not less than 12 months.

(ii)              
Upon termination of Executive's employment hereunder
as a result of Executive's death or by the Company at a time when Executive has a Disability, Executive or Executive's estate, survivors
or beneficiaries (as the case may be) shall be entitled to receive:

(A) 
the Accrued Rights;

(B) 
any Annual Bonus earned, but unpaid, as of the date of termination, paid in accordance with Section 3(b) (except to the extent payment
is otherwise deferred pursuant to any applicable deferred compensation arrangement with the Company, in which case such payment shall
be made in accordance with the terms and conditions of such deferred compensation arrangement); and

(C) 
subject to Executive's continued compliance in all material
respects with Section 6 and Section 7 hereof, and the execution and non-revocation of the Release (as defined below) by Executive or
Executive's estate, survivors or beneficiaries (as the case may be), no later than two and one-half months after the end of the applicable
fiscal year, a pro-rata portion of the Annual Bonus payable for the fiscal year in which such termination occurs, based on the achievement
of the actual performance objectives and targets for such fiscal year and a fraction, the numerator of which is the number of days during
the fiscal year up to and including the date of term of Executive's employment and the denominator of which is the number of days in
such fiscal year (the "Pro-Rated Bonus").

Following
such termination of Executive's employment hereunder as a result of Executive's death or by the Company at a time when Executive has
a Disability, except as set forth in this Section 5(c), Executive shall have no further rights to any compensation or any other benefits
under this Agreement.

(d)               
By the Company Without Cause (other than by reason of
death or Disability) or Resignation by Executive for Good Reason.

 

(i)
If Executive's employment is terminated by the Company without Cause (other than as described in Section 5(c)) or by Executive for Good
Reason, Executive shall be entitled to receive:

     

     

    

(A)          
 the Accrued Rights;

(B)          
any Annual Bonus earned, but unpaid, as of the date
of termination, paid in accordance with Section 3(b) (except to the extent payment is otherwise deferred pursuant to any applicable deferred
compensation arrangement with the Company, in which case such payment shall be made in accordance with the terms and conditions of such
deferred compensation arrangement); and subject to Executive's continued
compliance in all material respects with Section 6 and Section 7 hereof, and the execution and non-revocation of the Release, the Company
shall pay Executive (x) an amount equal to the remaining unpaid amounts under the Employment Term plus an additional 12 months of Executive's
then current Base Salary, payable on the date of termination; (y) an amount equal to the Target Bonus for the year of termination of
employment, payable within 5 days following the date of termination; and (z) if Executive elects continuation of Executive's medical
and dental coverage under COBRA, Executive's coverage and participation under the Company Group's medical and dental benefit plans in
which Executive was participating immediately prior to termination of employment pursuant to this Section 5(d)(i) ("Medical and
Dental Benefits") shall continue at the same cost to Executive as the cost for the Medical and Dental Benefits immediately prior
to such termination until the earlier of (i) the 12-month anniversary of the date of termination or (ii) the date on which Executive
becomes eligible for medical and/or dental coverage from Executive's subsequent employer (it being understood such continuation of coverage
may be made by paying Executive a series of monthly payments sufficient, after payment of federal and local income taxes, to pay Executive's
applicable monthly COBRA premium); provided, further, that payments under (x) shall be in addition to any Base Salary payments made in
lieu of all or a portion of the Notice Period. The Executive may choose to continue Medical and Dental Benefits under COBRA at Executive's
own expense for the balance, if any, of the period required by law.

Following
such termination of employment without Cause by the Company or a resignation by Executive for Good Reason, except as set forth Section
5(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

(iii)            
Release. Amounts payable to Executive under Section
5(c)(ii)(B) and Section 5(c)(ii)(C) or Section 5(d)(i)(B) and Section 5(d)(i)(C) (collectively, the "Conditioned Benefits")
are subject to (i) Executive's (or Executive's estate's) execution and non-revocation of a release of claims, within 60 days following
the date of termination and (ii) the expiration of any revocation period contained in such Release. Further, to the extent that any of
the Conditioned Benefits constitutes "nonqualified deferred compensation" for purposes of Section 409A of the Internal Revenue
Code of 1986, as amended (the " Code") or the 60 day period following the date of termination begins in one calendar year and
ends in a second calendar year, any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the 60th
day following the date of Executive's termination of employment hereunder, but for the condition on executing the Release as set forth
herein, shall not be made until the first regularly scheduled payroll following such 60th day (regardless of when the Release is delivered),
after which any remaining Conditioned Benefits shall thereafter be provided to Executive according to the applicable exhibit set forth
herein.

     

     

    

(iv)             
For purposes of this Agreement, "Good Reason"
shall mean any of the following (without Executive's consent): (A) a decrease in Executive's Base Salary or Target Bonus, or a failure
by any member of the Company Group to pay any compensation or provide any benefits due and payable to Executive in connection with Executive's
employment; (B) a diminution of the title, responsibilities or authority of Executive; (C) any member of the Company Group's requiring
Executive to be based at any office or location that is inconsistent with the terms of this Agreement or other understanding with the
Company, so long as Executive's actual work location(s) are reasonably appropriate (after reasonably taking into account Executive's
past practice as Chief Executive Officer of Company prior to the Effective Date), given Executive's duties and responsibilities and the
needs of the Company Group; (D) a material breach by the Company of this Agreement; or (v) the Company's delivery to Executive of a Notice
of Non-Renewal; provided, that no event or condition described in clauses (A) — (D) above will constitute Good Reason unless (x)
Executive gives the Board written notice of such event or condition giving rise to Good Reason within 30 days after Executive first learns
of such event or condition, (y) the Company fails to cure such event or condition within 30 days after receipt of such notice and (z)
Executive resigns from employment within 30 days following the expiration of such cure period.

(v)               
If Executive's employment with the Company is terminated by the Company without Cause (other than as described in Section 5(c)) the Company
shall comply with the Notice Period requirement in Section 5(a). During such Notice Period, and subject to the following sentence, Executive
shall continue to perform Executive's duties and obligations under Section 2 hereto as reasonably requested by the Company. In lieu of
all or any portion of the Notice Period, the Company, at its sole election, may elect to pay to Executive the Base Salary in lieu of
notice (in which case, Executive's employment shall terminate on the date so elected by the Company).

(e)
Expiration of Employment Term. Except as provided in Section 5(d)(i) in the case of a resignation by Executive for Good Reason,
the continuation of Executive's employment with the Company Group beyond the expiration of the Employment Term following the delivery
of a Notice of Non-Renewal shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement
and Executive's employment may thereafter be terminated at will by either Executive or the Company; provided, that the provisions of
Sections 5, 6, 7, and 8 of this Agreement shall survive any termination of this Agreement or Executive's termination of employment hereunder.

(f)
       Notice of Termination: Board/Committee Resignation. Any purported termination of employment
by the Company or by Executive (other than due to Executive's death) pursuant to Section 5 of this Agreement shall be communicated by
written Notice of Termination to the other party hereto. For purposes of this Agreement, a "Notice of Termination" shall mean
a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated. Upon termination
of Executive's employment for any reason, at the request of the Company, Executive agrees to resign, as of the date of such termination
and to the extent applicable, from the Board (and any committees thereof) and the board of directors or comparable governing bodies (and
any committees thereof) of any other Company Group member, except to the extent Executive is entitled to serve or appoint himself as
a member of the Board (and any committees thereof) and the board of directors or comparable governing bodies (and any committees thereof),
as the case may be, pursuant to any other written agreement with a member of the Company Group.

6.                 
Non-Competition: Non-Solicitation. Executive
acknowledges and recognizes the highly competitive nature of the businesses of the Company Group and further acknowledges and recognizes
that Executive has received, and will receive, Confidential Information (as defined below) and trade secrets of the Company Group, and
accordingly agrees as follows:

     

     

    

(a)               
Noncompetition.

(i)
During the Employment Term and until the later of (i) the second anniversary of the Effective Date (the "Post-Closing Restricted
Period") and (ii) the second anniversary of Executive's termination of employment with the Company Group (such actual period of
restriction whether such period ends upon or after the expiration of the Post-Closing Restricted Period, the "Restricted Period"),
Executive will not, whether on Executive's own behalf or on behalf of or in conjunction with any person, firm, partnership, joint venture,
association, corporation or business organization, entity or enterprise whatsoever ("Person"), directly or indirectly
solicit or assist in soliciting in competition with the Company Group the business of any then current or prospective client or customer
with whom Executive (or Executive's direct reports) had personal contact or dealings on behalf of the Company during the one-year period
preceding Executive's termination of employment.

(ii)              
During the Restricted Period, Executive will not directly
or indirectly:

(A)          
engage in any business activities involving any Competing
Business, individually or through an entity, as an employee, director, officer, owner, investor, partner, member, consultant, contractor,
agent, joint venture, or otherwise, in any geographical area where any member of the Company Group engages in its business;

(B)          
acquire a financial interest in, or otherwise become
actively involved with, any Competing Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal,
agent, trustee or consultant; or

(C)
interfere with, or attempt to interfere with, business relationships

(whether
formed before, on or after the date of this Agreement) between the members of the

Company
Group and any of their clients, customers, suppliers, partners, members or investors.

(iii)            
Notwithstanding anything to the contrary in this Agreement,
Executive may, directly or indirectly, own, solely as an investment, securities of a Competing Business which is publicly traded on a
national or regional stock exchange or on the over-the-counter-market if Executive does not, directly or indirectly, own 5% or more of
any class of securities of such Person.

(b)               
Employee Non-Solicitation. During the Restricted
Period, Executive will not, whether on Executive's own behalf or on behalf or in conjunction with any Person, directly or indirectly:

(i)
solicit or encourage any employee of the Company Group to leave the employment of the Company Group;

(ii)              
hire or solicit for employment any employee who was
employed by the Company Group as of the date of Executive's termination of employment with the Company Group for any reason or who left
the employment of the Company Group coincident with, or within one year prior to, the date of Executive's termination of employment with
the Company Group for any reason; or

     

     

    

(iii)            
 encourage any material consultant of the Company Group
to cease working with the Company Group; and

(c)               
Non-Disparagement. During the Employment Term
and following a termination of employment for any reason (i) Executive agrees not to make, or direct any other Person to make, any Disparaging
Statement (as defined below) about the Company Group, (or any of their respective officers or directors) (it being understood that comments
made in Executive's good faith performance of Executive's duties hereunder shall not be deemed disparaging or defamatory for purposes
of this

Agreement)
and (ii) the Company shall instruct the members of the Board not to make, or direct any other

Person
to make, any Disparaging Statement about Executive. In addition, following the termination of Executive's employment with the Company
Group for any reason, the Company shall instruct the members of the Company Group's management team and any other individual who is authorized
to make any public statement on behalf of the Company Group not to make, or direct any other Person to make, any Disparaging Statement
about Executive. For purposes of this Agreement, a "Disparaging Statement" shall mean any communication that is intended to
defame or disparage, or has the effect of defaming or disparaging.

(d)               
It is expressly understood and agreed that although
Executive and the Company consider the restrictions contained in this Section 6 to be reasonable and necessary to protect the Company's
legitimate business interests and to be in consideration of Executive's significant equity interests in the Company and the Company's
grant of equity interests to Executive, if a final judicial determination is made by a court of competent jurisdiction that the time
or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of
this Agreement shall not be rendered void but shall be deemed amended to apply as to maximum time and territory and to such maximum extent
as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that
any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended to make it enforceable, such finding
shall not affect the enforceability of any of the other restrictions contained herein.

(e)               
The period of time during which the provisions of this
Section 6 shall be in effect shall be extended by the length of time during which Executive is in breach of the terms hereof as determined
by any court of competent jurisdiction on the Company's application •Iòr injunctive relief.

The
period of time during which the provisions of this Section 6 shall be in effect shall be reduced by the Garden Leave Period (if elected).

     

     

    

(f)                
 The provisions of this Section 6 shall survive the termination
of Executive's employment for any reason, including but not limited to, any termination other than for Cause.

7.                 
Confidentiality: Intellectual Property.

(a)               
Confidentiality.

(i)
Executive will not at any time (whether during or after Executive's employment with the Company), (x) retain; or (y) disclose, divulge,
reveal, communicate, share, transfer or provide access to any Person outside any Company Group member (other than (A) Executive's professional
advisers who are bound by confidentiality obligations, (B) in performance of Executive's duties under Executive's employment pursuant
to customary industry practice, (C) in connection with any litigation proceedings for enforcement by Executive of Executive's rights
under this Agreement and (D) to Executive's representatives who have a need to know such information for tax or financial reporting reasons),
any non-public, proprietary or confidential information (in any form or medium, including text, digital or electronic) — including,
without limitation, trade secrets, know-how, research and development, software, databases, inventions, processes, formulae, technology,
designs and other intellectual property, information concerning finances, investments, profits, pricing, costs, products, services, vendors,
customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government
and regulatory activities and approvals (in any form or medium, tangible or intangible) — concerning the past, current or future
business, activities and operations of an Company Group member and/or any third party that has disclosed or provided any of same to any
Company Group member on a confidential basis ("Confidential Information") without the prior written authorization of the Board.
Executive will not at any time (whether during or after Executive's employment with the Company Group) use any Confidential Information
for the benefit, purposes or account of Executive or any other Person, other than in the performance of Executive's duties under this
Agreement.

(ii)
"Confidential Information" shall not include any information that is (A) generally known to the industry or the public
other than as a result of Executive's breach of this covenant; (B) made available to Executive by a third party without breach of any
confidentiality or other wrongful act of which Executive has knowledge; (C) required by law to be disclosed; provided, that with respect
to subsection (C) Executive shall (to the extent legally permissible and reasonably practicable) give prompt written notice to the Company
of such requirement, disclose no more information than is required, and reasonably cooperate with any attempts by any Company Group member
to obtain a protective order or similar treatment; or (D) permitted to be disclosed pursuant to any organizational document of the Company
Group.

(iii)
Except as required by law, Executive will not disclose
to anyone, other than Executive's family (it being understood that, in this Agreement, the term "family" refers to Executive,
Executive's spouse, spouse equivalent, children, parents, spouse's parents and spouse equivalent's parents) and advisors, the existence
or contents of this Agreement; provided, that Executive may disclose to any prospective future employer the provisions of Section 6 and
Section 7 of this Agreement and, may disclose the existence or contents of this Agreement in connection with any litigation proceedings
for enforcement by Executive of Executive's rights under this Agreement (provided, that, in connection with any such litigation or proceedings
not involving the Company Group or any of their Affiliates, Executive shall (to the extent legally permissible and reasonably practicable)
disclose no more information than is required). This Section 7(a)(iii) shall terminate if the Company publicly discloses a copy of this
Agreement (or, if the Company publicly discloses summaries or excerpts of this Agreement, to the extent so disclosed).

     

     

    

(iv)
Upon termination of Executive's employment with the
Company for any reason, Executive shall, upon the Company's request, promptly destroy, delete, or return to the Company, at the Company's
option, all originals and copies in any form or medium (including memoranda, books, papers, plans, computer files, letters and other
data) in Executive's possession or control (including any of the foregoing stored or located in Executive's office, home, laptop or other
computer, whether or not Company property) that contain Confidential Information, except that Executive may retain only those portions
of any personal notes, notebooks and diaries that do not contain any Confidential Information and nothing herein shall require Executive
to destroy any computer records or files containing Confidential Information which Executive required to maintain pursuant to applicable
law or in connection with any litigation proceedings for enforcement by Executive of Executive's rights under this Agreement; provided,
that the provisions of this Agreement will continue to apply to such Confidential Information.

(v)  
Nothing in this Agreement shall prohibit or impede Executive
from communicating, cooperating or filing a complaint with the U.S. federal, state or local governmental or law enforcement branch, agency
or entity (or similar bodies of relevant foreign jurisdictions) (collectively, a "Governmental Entity") with respect to possible
violations of any applicable law or regulation, or from otherwise making disclosures to any Governmental Entity that are protected under
the whistleblower provisions of any such law or regulation; provided, that in each case such communications and disclosures are consistent
with applicable law, and nothing shall preclude Executive's right to receive an award from a Governmental Entity for information provided
under any whistleblower program. Executive does not need the prior authorization of (or to give notice to) the Company regarding any
such communication or disclosure.

(vi)
Pursuant to the Defend Trade Secrets Act of 2016, the Company and Executive hereby confirm, understand and acknowledges that Executive
shall not be held criminally or civilly liable under any applicable federal or state trade secret law for the disclosure of a trade secret
that is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, in
each case solely fòr the purpose of reporting or investigating a suspected violation of law, or (B) in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. The Company and Executive hereby confirm, understand and acknowledge
further that if Executive files a lawsuit for retaliation by an employee or for reporting a suspected violation of law, Executive may
disclose the trade secret to Executive's attorney and use the trade secret information in the court proceeding, if Executive (x) files
any document containing the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order. Moreover,
Executive does not need the prior authorization of (or to give notice to) the Company regarding any such communication or disclosure.
Except as required by applicable law, under no circumstance will Executive be authorized to disclose any information covered by attorney-client
privilege or attorney work product of the Company, without prior written consent of the Company's General Counsel or other officer designated
by the Company.

     

     

    

(b)              
Intellectual Property.

(i)               
If Executive creates, invents, designs, develops, contributes
to or improves any works of authorship, inventions, concepts, intellectual property, materials, trademarks or similar rights, documents
or other work product (including without limitation, research, reports, software, algorithms, techniques, databases, systems, applications,
presentations, textual works, content, improvements, or audiovisual materials), whether or not patentable or registrable under patent,
trademark, copyright or similar laws ("Works"), either alone or with third parties, at any time during Executive's employment
by the Company Group members and within the scope of such employment (it being understood that, for the avoidance of doubt, the activities
set forth on EXHIBIT II shall not be considered within the scope of such employment for the purposes of this Section 7) and/or with the
use of any resources of any Company Group member or their respective Affiliates, which Works shall be "Company Group Works"
(it being understood that, notwithstanding anything herein to the contrary, in no event shall Executive's name, likeness, image or any
other rights of publicity be considered Company Group Works). Executive agrees that all such Company Group Works shall, as between the
parties hereto, be the sole and exclusive property and intellectual property of the Company. Notwithstanding the foregoing, Executive
hereby irrevocably assigns, transfers and conveys (and agrees to so assign, transfer and convey), to the maximum extent permitted by
applicable law, all of Executive's right, title, and interest therein (including rights under patent, industrial property, copyright,
trademark, trade secret, unfair competition, other intellectual property laws, and related laws) to the Company Group members to the
extent ownership of any such rights does not vest originally in such Company Group members whether as a "work made for hire"
or by virtue of the prior sentence. If Executive creates any written records (in the form of notes, sketches, drawings, or any other
tangible form or media) of any Company Group Works such records will
remain, as between the parties hereto, the sole property and intellectual property of the Company Group at all times. For clarity, any
activities using Executive's name, likeness, image or any other rights of publicity, to the extent such activities would not otherwise
be prohibited by Section_6(a) of the Agreement and are outside of the ordinary course of business of the Company Group, as such business
exists now or at any time in the future or (B) are otherwise approved by the Board (which approval shall not be unreasonably withheld,
conditioned or delayed) shall not be considered within the scope of Executive's employment for the purposes of this Section 7.

(ii)             
Executive shall take all reasonably requested actions
and execute all reasonably requested documents (including any licenses or assignments required by a government contract) at the expense
of any Company Group member (but without further remuneration) to assist the applicable Company Group member or its affiliates in validating,
maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the Company Group members' rights in the Company
Group Works. Executive hereby designates and appoints the Company and its designees as Executive's agent and attorney-in-fact, to act
for and in Executive's behalf and stead solely to the extent necessary to execute and file such documents and solely to the extent Executive
is unable or unwilling to do so. This power of attorney is coupled with an interest and is irrevocable. Executive shall not knowingly
take any actions inconsistent with the Company's ownership rights set forth in this Section 7, including by filing to register any Company
Group Works in Executive's own name.

 

(iii)           
Executive shall not improperly use for the benefit of,
bring to any premises of, divulge, disclose, communicate, reveal, transfer or provide access to, or share with any Company Group member
or their respective Affiliates any confidential, proprietary or non-public information or intellectual property relating to a former
employer or other third party without the prior written permission of such third party. Executive shall comply with all relevant policies
and guidelines of the Company Group that are from time to time previously disclosed to Executive, including regarding the protection
of Confidential Information and intellectual property and potential conflicts of interest.

     

     

    

(iv)            
Executive has listed on the attached Exhibit Il, Works
that are owned by Executive, in whole or jointly with others prior to Executive's employment with the Company (such Works, together with
any other Works owned by Executive in whole or jointly with others prior to Executive's employment with the Company Group, collectively,
"Prior Works"). Executive shall not use any Prior Work in connection with Executive's employment with the Company Group without
prior written consent of the Company. If, in connection with Executive's employment with the Company, Executive incorporates into any
Company product, service or process any Prior Work (or any portion of a Prior Work), in any manner whatsoever, Executive grants the Company
a non-exclusive, perpetual (or the maximum time period allowed by applicable law), sub-licensable, assignable, royalty-free right and
worldwide license to use, modify, reproduce, reduce to practice, market, distribute, communicate and/or sell such Prior Work or portion
of such Prior Work solely to the extent necessary for the Company to exploit such Company product, service or process. The Company, on
behalf of itself and the other members of the Company Group, agrees that any and all Prior Works shall, as between the parties hereto,
be and remain the sole and exclusive property and intellectual property of Executive. For the avoidance of doubt, notwithstanding anything
herein to the contrary, in no event shall any Prior Works (or any portion thereof) be considered "Confidential Information"
under this Agreement.

(c)              
The provisions of Section 7 hereof shall survive the
termination of Executive's employment for any reason (except as otherwise set forth in Section 7(a)(iii) hereof).

8.   
Specific Performance. Executive acknowledges
and agrees that the remedies of the Company Group at law for a breach or threatened breach of any of the provisions of Section 6 and
Section 7 of this Agreement would be inadequate and the Company Group would suffer irreparable damages as a result of such breach or
threatened breach. In recognition of this fact, Executive agrees that, in the event of such a material breach, in addition to any remedies
at law, any member of the Company Group, without posting any bond, shall be entitled, in addition to any other remedy available at law
or equity, to cease making any payments or providing any benefit otherwise required by this Agreement, and may be entitled to obtain
equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable
remedy which may then be available. Any determination as to whether Executive is in compliance with Section 6 and Section 7 hereof shall
be determined without regard to whether the Company Group could obtain an injunction or other equitable relief under the law of any particular
jurisdiction.

9.   
Miscellaneous.

(a)
Indemnification; Directors' and Officers' Insurance.
The Company shall indemnify and hold Executive harmless from and against any and all liabilities, obligations, losses, damages, fines,
taxes and interest and penalties thereon (other than taxes based on fees or other compensation received by Executive from the Company),
claims, demands, actions, suits, proceedings (whether civil, criminal, administrative, investigative or otherwise), costs, expenses and
disbursements (including reasonable and documented legal and accounting fees and expenses, costs of investigation and sums paid in settlement)
of any kind or nature whatsoever (collectively, "Claims and Expenses"), which may be imposed on, incurred by or asserted at
any time against Executive that arises out of or relates to Executive's service as an officer, director or employee, as the case may
be, of any Company Group member, or Executive's service in any such capacity or similar capacity with an affiliate of the Company Group
or other entity at the request of the Company Group; provided, that Executive shall not be entitled to indemnification hereunder against
any Claims or Expenses that are finally determined by a court of competent jurisdiction to have resulted from any act or omission that
(i) is a criminal act by Executive or (ii) constitutes fraud or willful misconduct by Executive. The Company shall pay the expenses (including
reasonable legal fees and expenses and costs of investigation) incurred by Executive in defending any such claim, demand, action, suit
or proceeding as such expenses are incurred by Executive and in advance of the final disposition of such matter; provided, that Executive
undertakes to repay such expenses if it is determined by agreement between Executive and the Company or, in the absence of such an agreement,
by a final judgment of a court of competent jurisdiction that Executive is not entitled to be indemnified by the Company Group. The Company
(or other Company Group member) will maintain directors' and officers' liability insurance providing coverage in such scope and subject
to such limits as the Company determines, in its discretion, is appropriate.

     

     

    

(b)
Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Nevada, without regard to conflicts of laws principles thereof that would
direct the application of the law of any other jurisdiction.

(c)
Jurisdiction; Venue. Each of the parties
hereto irrevocably submits to the exclusive jurisdiction of any federal or state court sitting in the State of Nevada over any suit,
action or proceeding arising out of or relating to this Agreement and each of the parties agrees that any action relating in any way
to this Agreement must be commenced only in the federal or state courts of Nevada. Each of the parties hereto hereby irrevocably waives,
to the fullest extent permitted or not prohibited by law, any objection which it may now or hereafter have to the laying of the venue
of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such
a court has been brought in an inconvenient forum. Each of the parties hereto hereby irrevocably consents to the service of process in
any suit, action or proceeding by sending the same by certified mail, return receipt requested, or by recognized overnight courier service,
to the address of such party set forth in Section 96).

(d)
Entire Agreement; Amendments. This Agreement
(including, without limitation, the exhibits attached hereto) contains the entire understanding of the parties with respect to the employment
of Executive by any member of the Company Group, and supersedes all prior agreements and understandings between Executive and any member
of the Company Group regarding the terms and conditions of Executive's employment with the Company Group, with the exception of any applicable
prior invention assignment or the protections that exist under the terms of any applicable long term incentive plan (or any earned compensation,
including under any retirement or deferred compensation plans), the Company's 2021 Incentive Stock Plan and any other equity, option
or warrant plan entered into between the Company and Executive. In addition, if the Company Group is a party to one or more agreements
with Executive related to the matters subject to Section 6 or Section 7, such other agreement(s) shall remain in full force and effect
and continue in addition to this Agreement, including, without limitation, any covenants pertaining to confidentiality, nondisclosure,
non-competition, nonsolicitation and non-disparagement applicable to Executive. There are no restrictions, agreements, promises, warranties,
covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein.
This Agreement (including, without limitation, the exhibits attached hereto) may not be altered, modified, or amended except by written
instrument signed by the parties hereto.

(e)
No Waiver. The failure of a party to insist upon
strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party's rights or deprive such
party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

(f)
Set Off; No Mitigation. The Company's obligation
to pay Executive the amounts provided hereunder pursuant to Sections 5(c)(ii)(B), 5(c)(ii)(C), 5(d)(i)(B) and 5(d)(i)(C), as applicable,
following the Employment Term shall be subject to set-off for amounts owed by Executive to any Company Group member. Executive shall
not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments
owed by the Company Group shall not be reduced by any compensation or benefits received from any subsequent employer (except as provided
for in Section 5(d)(i)(C)), self-employment or other endeavor.

     

     

    

(g)
Severability. In the event that any one or more
of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability
of the remaining provisions of this Agreement shall not be affected thereby.

(h)
Assignment. This Agreement and all of Executive's
rights and duties hereunder, shall not be assignable or delegable by Executive. Any purported assignment or delegation by Executive in
violation of the foregoing shall be null and void ab initio and of no force and effect. This Agreement shall automatically be assigned
by the Company to a person or entity which is a successor in interest ("Successor") to all or substantially all of the then-business
operations of the Company. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations
of such Successor.

(i) 
Compliance with Code Section 409A.

(i) 
The intent of the parties is that payments and benefits
under this Agreement comply with or be exempt from Code Section 409A and, accordingly, to the maximum extent permitted, this Agreement
shall be interpreted to be in compliance therewith. If any provision of this Agreement (or of any award of compensation, including equity
compensation or benefits) would cause Executive to incur any additional tax or interest under Code Section 409A, the Company shall, after
consulting with and receiving the approval of Executive, reform such provision in a manner intended to avoid the incurrence by Executive
of any such additional tax or interest.

(ii)                      
A termination of employment shall not be deemed to have
occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits that are considered nonqualified
deferred compensation under Code Section 409A upon or following a termination of employment unless such termination is also a "separation
from service" within the meaning of Code Section 409A, and, for purposes of any such provision of this Agreement, references to
a "termination," "termination of employment" or like terms shall mean "separation from service." The determination
of whether and when a separation from service has occurred for proposes of this Agreement shall be made in accordance with the presumptions
set forth in Section I .409A- (h) of the Treasury Regulations.

(iii)                    
Any provision of this Agreement to the contrary notwithstanding,
if at the time of Executive's separation from service, the Company determines that Executive is a "specified employee," within
the meaning of Code Section 409A, then to the extent any payment or benefit that Executive becomes entitled to under this Agreement on
account of such separation from service would be considered nonqualified deferred compensation under Code Section 409A, such payment
or benefit shall be paid or provided at the date which is the earlier of (x) six months and one day after such separation from service
and (y) the date of Executive's death (the "Delay Period"). Upon the expiration of the Delay Period, all payments and benefits
delayed pursuant to this Section 9(i) (whether they would have otherwise been payable in a single sum or in installments in the absence
of such delay) shall be paid or provided to Executive in a lump-sum, and any remaining payments and benefits due under this Agreement
shall be paid or provided in accordance with the normal payment dates specified herein.

 

(iv)                     
Any reimbursements and in-kind benefits provided under
this Agreement that constitute deferred compensation within the meaning of Code Section 409A shall be made or provided in accordance
with the requirements of Code Section 409A, including that (A) in no event shall any fees, expenses or other amounts eligible to be reimbursed
by the Company under this Agreement be paid later than the last day of the calendar year that follows the calendar year in which the
applicable fees, expenses or other amounts were incurred; (B) the amount of expenses eligible for reimbursement, or inkind benefits that
the Company is obligated to pay or provide, in any given calendar year shall not affect the expenses that the Company is obligated to
reimburse, or the in-kind benefits that the Company is obligated to pay or provide, in any other calendar year, provided that the foregoing
clause (B) shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 1 05(b) solely because
such expenses are subject to a limit related to the period the arrangement is in effect; and (C) Executive's right to have the Company
pay or provide such reimbursements and in-kind benefits may not be liquidated or exchanged for any other benefit.

     

     

    

(v)                       
For purposes of Code Section 409A, Executive's right
to receive any installment payments shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment
under this Agreement specifies a payment period with reference to a number of days (for example, "payment shall be made within 30
days following the date of termination"), the actual date of payment within the specified period shall be within the sole discretion
of the Company. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement,
to the extent such payment is subject to Code Section 409A.

(j) 
Notice. For the purpose of this Agreement, notices
and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered
by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage
prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished
to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

If
to the Company:

Expion360
Inc.

2025
SW Deerhound Ave.

Redmond,
OR 97756

Attention:
Paul Shoun

with
a copy (which shall not constitute notice) to:

Rowland
W. Day Il 465 Echo Bay Trail Bigfork, MT 5991 1

If
to Executive:

To
the most recent address of Executive set forth in the personnel records of the Company.

(k)
Executive Representation. Executive hereby represents
to the Company that the execution and delivery of this Agreement by Executive and the performance by Executive of Executive's duties
hereunder shall not constitute a breach of the terms of any employment agreement or other agreement or written policy to which Executive
is a party or otherwise bound. Executive hereby further represents that Executive is not subject to any agreement with a previous employer
that is unaffiliated with the Company Group that contains any restrictions on Executive's ability to solicit, hire or engage any employee
or other service provider of such previous, unaffiliated employer that would restrict the ability of Executive to perform Executive's
duties hereunder. Executive agrees that the Company is relying on the foregoing representations in entering into this Agreement and related
equity-based award agreements.

(l) 
Cooperation. Executive shall provide reasonable
cooperation in connection with any pending claim, litigation, regulatory or administrative proceeding involving any Company Group member
(or any appeal from any action or proceeding) arising out of or related to the period when Executive was employed by any Company Group
member. In the event that Executive's cooperation is requested after the termination of Executive's employment, the applicable Company
Group member shall (i) use its reasonable efforts to minimize interruptions to Executive's personal and professional schedule and (ii)
pay Executive an agreeable amount for Executive's time and (iii) reimburse Executive for all reasonable out-of-pocket expenses actually
incurred by Executive in connection with such cooperation upon reasonable substantiation of such expenses.

(m)        Withholding-taxes.
The Company may withhold from any amounts payable under this Agreement such federal, state and local taxes as may be required to
be withheld pursuant to any applicable law or regulation. Any amounts so withheld shall be properly paid over to the appropriate government
authority.

(n)
Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

IN
WITNESS WHEREOF, the parties herein have duly executed this Agreement as of the day and year first above written.

EXPION360
INC.

		By:	

 

Name:
Paul Shoun

Title:
Chief Operating Officer

     

     

    

EXHIBIT
1

			Company
                                            Car. Executive shall be entitled to a Company auto expense of $2,000 per month.

			Security
                                            Benefits. During the Employment Term, Executive shall be entitled to full-time security
                                            benefits (i) with respect to any Company Group office (including while Executive is providing
                                            services from, and physically located at, such office) or (ii) when Executive is traveling
                                            under circumstances that pose a risk to Executive, as reasonably determined by Executive.

			Private
                                            Office Expense. During the Employment Term, Executive shall be reimbursed for a private
                                            office at home or such other location which amount shall not exceed $1,000 per month.

    	 

    	 

    

EXHIBIT
11

Executive
may engage in the following activities:

			with
                                            the approval of the Board (which approval shall not be unreasonably withheld, conditioned
                                            or delayed), serve on the board of directors (or equivalent governing bodies) of other for-profit
                                            enterprises provided such companies do not compete with the Company Group; and

			engage
                                            in an unlimited number of (A) public speaking engagements, (B) publishing opportunities and/or
                                            (C) professional events or conferences, in each case, subject to the approval of the Board
                                            (which approval shall not be unreasonably withheld, conditioned or delayed) to the extent
                                            that such speaking engagements, publishing opportunities and events or conferences are outside
                                            of the ordinary course of business of the Company Group.

Executive
shall be entitled to retain all fees or other payments earned in connection with the activities set forth on this Exhibit Il.Exhibit
10.11

 

EMPLOYMENT
AGREEMENT

This
EMPLOYMENT AGREEMENT (the "Agreement") dated November 15, 2021 is by and between Expion360 Inc., a Nevada corporation (the
"Company") and Paul Shoun ("Executive").

WHEREAS,
the Company employs Executive as its Chief Operating Officer; and

WHEREAS,
the Company and Executive desire to enter into this Agreement, which embodies the terms of such employment.

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration receipt
and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

l
..       Term of Employment. Subject to the provisions of Section 5 of this Agreement, Operating
shall commence employment with the Company for a period (the "Employment Term") commencing on the Effective Date and ending
on the third anniversary of the Effective Date on the terms and subject to the conditions set forth in this Agreement; provided, however,
the Employment Term shall be automatically extended for an additional one-year period commencing with the third anniversary of the Effective
Date and, thereafter, on each such successive anniversary of the Effective Date (each, an "Extension Date"), unless the Company
or Executive provides the other party at least 90 days' prior written notice before the next Extension Date that the Employment Term
shall not be so extended (a "Notice of Non-Renewal").

2.                
Position, Duties, Authority, and Policies.

(a)              
Position. During the Employment Term, Executive
shall serve as the Chief Operating Officer of the Company. In such position, Executive shall have such duties, functions, responsibilities
and authority as shall be determined from time to time by the Board and consistent with Executive's position and title. Executive shall
report directly to the Board. From time to time, Executive shall serve on the board of directors or other governing body of any Company
or its subsidiaries (the "Company Group") as may be agreed to between the Board and Executive or removed from any such position.

(b)             
Time Commitments. Executive will devote substantially
all of Executive's business time and best efforts to the operation and oversight of the business of the Company Group and performance
of Executive's duties hereunder (excluding periods of vacation, approved time off or leave of absence) and will not, without the Company's
prior consent (which shall not be unreasonably withheld, conditioned or delayed), engage in any other business activities that could
conflict with Executive's duties or services to the Company Group. Executive shall be subject to the terms and conditions of the Company
Group's employee policies and codes of conduct as in effect from time to time to the extent not inconsistent with this Agreement.

     

     

    

3.                
Compensation.

(a)              
Base Salary. Upon completion of the Company's
initial public offering ("IPO") and during the Employment Term, the Company shall pay (or cause to be paid) to Executive a
base salary ("Base Salary") at the annual rate of $260,000, payable in regular installments in accordance with the usual payment
practices of the Company Group. Executive's Base Salary shall be subject to annual review and subject to increase, but not decrease,
as may be determined from time to time in the sole discretion of the Board.

(b)             
Bonuses. During the Employment Term, Executive
shall be eligible to earn an annual bonus award (an "Annual Bonus") based on the achievement of performance objectives and
targets established annually by the Board or the compensation committee of the Board, in consultation with Executive. Additional bonuses
may be granted by the Board to Executive in addition to the Annual Bonus, for services and results achieved by Executive. Any Annual
Bonus shall be paid to Executive within two and one-half months after the end of the applicable fiscal year; provided that if the applicable
performance objectives and targets have not, if necessary, been verified by audit by such time, then the Annual Bonus, if any, shall
be payable within 10 days following such verification, but not later than April 30 of such year (provided, that the Company shall use
its reasonable best efforts to complete any such audit and pay such Annual Bonus as promptly as practicable). No Annual Bonus shall be
payable in respect of any fiscal year in which Executive's employment is terminated, except to the extent provided in Section 5.

4.                
Benefits.

(a)              
General. During the Employment Term, Executive
shall be entitled to participate in the retirement, health and welfare benefit plans, practices, policies and arrangements of the Company
Group as in effect from time to time (collectively, "Employee Benefits"), on terms and conditions no less favorable than each
of the Employee Benefits are made available to any other senior executive of the Company Group (other than with respect to any terms
and conditions specifically determined under this Agreement, the benefits for which shall be determined instead in accordance with this
Agreement). For the avoidance of doubt, no new benefit plans shall be required to be adopted. Executive shall be entitled to the perquisites
set forth on Exhibit l.

(b)             
Vacation. Executive shall be entitled to six
weeks paid vacation pursuant to the applicable Company vacation policy, plan or regular practice, as may be modified from time to time.

(c)              
Reimbursement of Business Expenses. During the
Employment Term, the Company shall reimburse Executive for reasonable business expenses incurred by Executive in the performance of Executive's
duties hereunder in accordance with its then-prevailing business expense policy (which shall include appropriate itemization and substantiation
of expenses incurred); provided, that reimbursement for travel expenses incurred by Executive in the performance of Executive's duties
hereunder shall be made in accordance with the travel policy of the Company, which, with respect to Executive, shall be consistent with
the travel policy in effect for Executive as of immediately prior to the Effective Date.

     

     

    

5.                
Termination.

(a)              
The Employment Term and Executive's employment hereunder
may be terminated by either party at any time and for any reason manner set forth in this Section 5; provided, that the terminating party
shall be required to give the other party at least 90 days' advance written notice (the "Notice Period") of such termination
(other than as a result of (i) a termination by the Company for Cause, which shall not require such advance notice, or (ii) a resignation
by Executive for Good Reason, which shall require notice as set forth in Section 5(d)(iii)). Notwithstanding any other provision of this
Agreement, the provisions of this Section 5 shall exclusively govern Executive's rights upon termination of employment with Company;
provided, that Executive's rights under any equity plan, equity incentive award agreement or other employee benefit plan that provides
for rights (other than severance payments) upon termination of employment shall, in each case, be governed exclusively by such plan or
agreement, as applicable.

(b)             
By the Company for Cause or by Executive without
Good Reason.

(i)
The Employment Term and Executive's employment hereunder (A) may be terminated by the Company for Cause with immediate effect and (B)
shall terminate automatically upon the effective date (following the Notice Period) of Executive's resignation for any reason other than
Good Reason.

(ii)           
For purposes of this Agreement, "Cause" shall
mean (A) any willful act or omission that constitutes a material breach by Executive of any of Executive's material obligations under
this Agreement; (B) the willful and continued failure or refusal of Executive to substantially perform the material duties reasonably
required of Executive as an employee of the Company Group; (C) Executive's commission or conviction of, or plea of guilty or nolo contendere
to, (l ) a felony or (2) a crime involving fraud or moral turpitude (or any other crime relating to the Company Group which would reasonably
be expected to be materially injurious to the Company Group; provided, that if the Company terminates Executive's employment and withholds
payments or benefits to Executive on the assertion that Executive committed a felony or crime described in this clause and Executive
is subsequently acquitted of such felony or crime, then the Company shall promptly pay to Executive an amount sufficient to restore Executive
to the same economic position Executive would have been in had Executive's termination of employment been without Cause (including by
paying an amount in severance that Executive would have been entitled to under this Agreement); (D) Executive's willful theft, dishonesty
or other misconduct that would reasonably be expected to be injurious to the Company Group; (E) Executive's willful and unauthorized
use, misappropriation, destruction or diversion of any material or intangible asset of the Company Group (including, without limitation,
Executive's willful and unauthorized use or disclosure of the Company Group's confidential or proprietary information) that would reasonably
be expected to be materially injurious to the Company Group; (F) any violation by Executive of any law regarding employment discrimination
or sexual harassment that would reasonably be expected to be materially injurious to the Company Group; provided, that a termination
of Executive's employment for Cause that is susceptible to cure shall not be effective unless the Company first gives Executive written
notice of its intention to terminate and the grounds for such termination, and Executive has not, within ten business days following
receipt of such notice, cured such Cause;

     

     

    

(iii)
If Executive's employment is terminated by the Company for Cause, Executive shall be entitled to receive:

(A)
the Base Salary through the date of termination;

(B) 
reimbursement, within 30 days following receipt by the Company of Executive's claim for such reimbursement (including appropriate supporting
documentation), for any unreimbursed business expenses properly incurred by Executive in accordance with Company policy prior to Executive's
termination; provided, that such claims for such reimbursement are submitted to the Company within 90 days following the date of Executive's
termination of employment; and

(C) 
such Employee Benefits (other than with respect to severance benefits), if any, to which Executive may be entitled, payable in accordance
with the terms and conditions of and equity or other plan, program and policies (the amounts described in clauses (A) through (C) hereof
being referred to as the "Accrued Rights").

Following
such termination of Executive's employment by the Company fòr Cause, except as set forth in this Section 5(b)(iii), Executive
shall have no further rights to any compensation or any other benefits under this Agreement.

(iv)       If
Executive resigns for any reason other than Good Reason, provided that Executive will be required to comply with the Notice Period requirement
in Section 5(a), Executive shall be entitled to receive the Accrued Rights. During the Notice Period, and subject to the following sentence,
Executive shall continue to perform Executive's duties and obligations under Section 2 hereto as reasonably requested by the Company,
and shall receive the Base Salary and Employee Benefits. In lieu of all or any portion of the Notice Period, the Company, at its sole
election, may elect to pay to Executive the Base Salary in lieu of notice (in which case, Executive's employment shall terminate on the
date elected by the Company) or, if Executive resigns for any reason other than Good Reason, the Company may elect to place Executive
on ' 'garden leave" during the Notice Period (such period, if elected, the "Garden Leave Period"). If such Garden Leave
Period is elected by the Company, then during the Garden Leave Period, Executive shall (x) remain an employee of the Company but not
be required to perform any duties for the Company or attend work and (y) be eligible for continued Base Salary and medical and other
employee benefits, but no other compensation, including no incentive compensation or continued vesting in equity incentives or other
awards during the Garden Leave Period. Following such resignation by Executive for any reason other than Good Reason, except as set forth
in this Section 5(b)(iv), Executive shall have no further compensation or any other benefits under this Agreement.

(c)              
Disability or Death.

(i)
During any period that Executive is unable to perform Executive's duties hereunder as a result of a Disability, Executive shall continue
to receive Executive's full Base Salary set forth in Section 3(a) and Employee Benefits set forth in Section 4(a) until Executive' employment
is terminated pursuant to Section 5(a). For purposes of this Agreement, "Disability" shall mean any medically determinable
physical or mental impairment resulting in Executive's inability to engage in any substantial gainful activity, where such impairment
can be expected to result in death or can be expected to last fòr a continuous period of inability to engage in any substantial
gainful activity of not less than 12 months.

     

     

    

(ii)           
Upon termination of Executive's employment hereunder
as a result of Executive's death or by the Company at a time when Executive has a Disability, Executive or Executive's estate, survivors
or beneficiaries (as the case may be) shall be entitled to receive:

(A)
the Accrued Rights;

(B)
any Annual Bonus earned, but unpaid, as of the date
of termination, paid in accordance with Section 3(b) (except to the extent payment is otherwise deferred pursuant to any applicable deferred
compensation arrangement with the Company, in which case such payment shall be made in accordance with the terms and conditions of such
deferred compensation arrangement); and

(C)
subject to Executive's continued compliance in all material respects with Section 6 and Section 7 hereof, and the execution and non-revocation
of the Release (as defined below) by Executive or Executive's estate, survivors or beneficiaries (as the case may be), no later than
two and one-half months after the end of the applicable fiscal year, a pro-rata portion of the Annual Bonus payable for the fiscal year
in which such termination occurs, based on the achievement of the actual performance objectives and targets for such fiscal year and
a fraction, the numerator of which is the number of days during the fiscal year up to and including the date of term of Executive's employment
and the denominator of which is the number of days in such fiscal year (the "Pro-Rated Bonus").

Following
such termination of Executive's employment hereunder as a result of Executive"s death or by the Company at a time when Executive
has a Disability, except as set forth in this Section 5(c), Executive shall have no further rights to any compensation or any other benefits
under this Agreement.

(d)             
By the Company Without Cause (other than by reason of
death or Disability) or

Resignation
by Executive for Good Reason.

(i)
If Executive's employment is terminated by the Company without Cause (other than as described in Section 5(c)) or by Executive for Good
Reason, Executive shall be entitled to receive:

(A)
the Accrued Rights;

 

(B)                       
 any Annual Bonus earned, but unpaid, as of the date
of termination, paid in accordance with Section 3(b) (except to the extent payment is otherwise deferred pursuant to any applicable deferred
compensation arrangement with the Company, in which case such payment shall be made in accordance with the terms and conditions of such
deferred compensation arrangement); and

(C)
subject to Executive's continued compliance in all material respects with Section 6 and Section 7 hereof, and the execution and non-revocation
of the Release, the Company shall pay Executive (x) an amount equal to the remaining unpaid amounts under the Employment Term plus an
additional 12 months of Executive's then current Base Salary, payable on the date of termination; (y) an amount equal to the Target Bonus
for the year of termination of employment, payable within 5 days following the date of termination; and (z) if Executive elects continuation
of Executive's medical and dental coverage under COBRA, Executive's coverage and participation under the Company Group's medical and
dental benefit plans in which Executive was participating immediately prior to termination of employment pursuant to this Section 5(d)(i)
("Medical and Dental Benefits") shall continue at the same cost to Executive as the cost for the Medical and Dental Benefits
immediately prior to such termination until the earlier of (i) the 12-month anniversary of the date of termination or (ii) the date on
which Executive becomes eligible for medical and/or dental coverage from Executive's subsequent employer (it being understood such continuation
of coverage may be made by paying Executive a series of monthly payments sufficient, after payment of federal and local income taxes,
to pay Executive's applicable monthly COBRA premium); provided, further, that payments under (x) shall be in addition to any Base Salary
payments made in lieu of all or a portion of the Notice Period. The Executive may choose to continue Medical and Dental Benefits under
COBRA at Executive's own expense for the balance, if any, of the period required by law.

     

     

    

 

Following
such termination of employment without Cause by the Company or a resignation by Executive for Good Reason, except as set forth Section
5(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

(ii)        
Release. Amounts payable to Executive under Section
5(c)(ii)(B) and Section 5(c)(ii)(C) or Section 5(d)(i)(B) and Section 5(d)(i)(C) (collectively, the "Conditioned Benefits")
are subject to (i) Executive's (or Executive's estate's) execution and non-revocation of a release of claims, within 60 days following
the date of termination and (ii) the expiration of any revocation period contained in such Release. Further, to the extent that any of
the Conditioned Benefits constitutes nonqualified deferred compensation" for purposes of Section 409A of the Internal Revenue Code
of 1986, as amended (the Code") or the 60 day period following the date of termination begins in one calendar year and ends in a
second calendar year, any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the 60th day following
the date of Executive's termination of employment hereunder, but fòr the condition on executing the Release as set forth herein,
shall not be made until the first regularly scheduled payroll following such 60th day (regardless of when the Release is delivered),
after which any remaining Conditioned Benefits shall thereafter be provided to Executive according to the applicable exhibit set forth
herein.

(iii)For
purposes of this Agreement, "Good Reason" shall mean any of the following (without Executive's consent): (A) a decrease in
Executive's Base Salary or Target Bonus, or a failure by any member of the Company Group to pay any compensation or provide any benefits
due and payable to Executive in connection with Executive's employment; (B) a diminution of the title, responsibilities or authority
of Executive; (C) any member of the Company Group's requiring Executive to be based at any office or location that is inconsistent with
the terms of this Agreement or other understanding with the Company, so long as Executive's actual work location(s) are reasonably appropriate
(after reasonably taking into account Executive's past practice as Chief Executive Officer of Company prior to the Effective Date), given
Executive's duties and responsibilities and the needs of the Company Group; (D) a material breach by the Company of this Agreement; or
(v) the Company's delivery to Executive of a Notice of Non-Renewal; provided, that no event or condition described in clauses (A) —
(D) above will constitute Good Reason unless (x) Executive gives the Board written notice of such event or condition giving rise to Good
Reason within 30 days after Executive first learns of such event or condition, (y) the Company fails to cure such event or condition
within 30 days after receipt of such notice and (z) Executive resigns from employment within 30 days following the expiration of such
cure period.

 

(iv)
If Executive's employment with the Company is terminated by the Company without Cause (other than as described in Section 5(c)) the Company
shall comply with the Notice Period requirement in Section 5(a). During such Notice Period, and subject to the following sentence, Executive
shall continue to perform Executive's duties and obligations under Section 2 hereto as reasonably requested by the Company. In lieu of
all or any portion of the Notice Period, the Company, at its sole election, may elect to pay to Executive the Base Salary in lieu of
notice (in which case, Executive's employment shall terminate on the date so elected by the Company).

(e)              
Expiration of Employment Term. Except as provided
in Section 5(d)(i) in the case of a resignation by Executive for Good Reason, the continuation of Executive's employment with the Company
Group beyond the expiration of the Employment Term following the delivery of a Notice of Non-Renewal shall be deemed an employment at-will
and shall not be deemed to extend any of the provisions of this Agreement and Executive's employment may thereafter be terminated at
will by either Executive or the Company; provided, that the provisions of Sections 5, 6, 7, and 8 of this Agreement shall survive any
termination of this Agreement or Executive's termination of employment hereunder.

     

     

    

(f)              
Notice of Termination; Board/Committee Resignation.
Any purported termination of employment by the Company or by Executive (other than due to Executive's death) pursuant to Section 5 of
this Agreement shall be communicated by written Notice of Termination to the other party hereto. For purposes of this Agreement, a "Notice
of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall
set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision
so indicated. Upon termination of Executive's employment for any reason, at the request of the Company, Executive agrees to resign, as
of the date of such termination and to the extent applicable, from the Board (and any committees thereof) and the board of directors
or comparable governing bodies (and any committees thereof) of any other Company Group member, except to the extent Executive is entitled
to serve or appoint himself as a member of the Board (and any committees thereof) and the board of directors or comparable governing
bodies (and any committees thereof), as the case may be, pursuant to any other written agreement with a member of the Company Group.

6.                
Non-Competition: Non-Solicitation. Executive
acknowledges and recognizes the highly competitive nature of the businesses of the Company Group and further acknowledges and recognizes
that Executive has received, and will receive, Confidential Information (as defined below) and trade secrets of the Company Group, and
accordingly agrees as follows:

(a)              
Non-Competition.

(i)
During the Employment Term and until the later of (i) the second anniversary of the Effective Date (the "Post-Closing Restricted
Period") and (ii) the second anniversary of Executive's termination of employment with the Company Group (such actual period of
restriction whether such period ends upon or after the expiration of the Post-Closing Restricted Period, the "Restricted Period"),
Executive will not, whether on Executive's own behalf or on behalf of or in conjunction with any person, firm, partnership, joint venture,
association, corporation or business organization, entity or enterprise whatsoever ("Person"), directly or indirectly
solicit or assist in soliciting in competition with the Company Group the business of any then current or prospective client or customer
with whom Executive (or Executive's direct reports) had personal contact or dealings on behalf of the Company during the one-year period
preceding Executive's termination of employment.

(ii)           
During the Restricted Period, Executive will not directly
or indirectly:

(A)engage
in any business activities involving any Competing Business, individually or through an entity, as an employee, director, officer, owner,
investor partner, member, consultant, contractor, agent, joint venture,
or otherwise, in any geographical area where any member of the Company Group engages in its business;

(B)                       
acquire a financial interest in, or otherwise become
actively involved with, any Competing Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal,
agent, trustee or consultant; or

(C)                       
interfere with, or attempt to interfere with, business
relationships(whether formed before, on or after the date of this Agreement) between the members of the Company Group and any of their
clients, customers, suppliers, partners, members or investors.

     

     

    

 

(iii)        
Notwithstanding anything to the contrary in this Agreement,
Executive may, directly or indirectly, own, solely as an investment, securities of a Competing Business which is publicly traded on a
national or regional stock exchange or on the over-the-counter-market if Executive does not, directly or indirectly, own 5% or more of
any class of securities of such Person.

(b)             
Employee Non-Solicitation. During the Restricted
Period, Executive will not, whether on Executive's own behalf or on behalf or in conjunction with any Person, directly or indirectly:

solicit
or encourage any employee of the Company Group to leave the employment of the Company Group;

(ii)           
hire or solicit for employment any employee who was
employed by the Company Group as of the date of Executive's termination of employment with the Company Group for any reason or who left
the employment of the Company Group coincident with, or within one year prior to, the date of Executive's termination of employment with
the Company Group for any reason; or

(iii)        
encourage any material consultant of the Company Group
to cease working with the Company Group; and

(c)              
Non-Disparagement. During the Employment Term
and following a termination of employment for any reason (i) Executive agrees not to make, or direct any other Person to make, any Disparaging
Statement (as defined below) about the Company Group, (or any of their respective officers or directors) (it being understood that comments
made in Executive's good faith performance of Executive's duties hereunder shall not be deemed disparaging or defamatory for purposes
of this Agreement) and (ii) the Company shall instruct the members of the Board not to make, or direct any other Person to make, any
Disparaging Statement about Executive. In addition, following the termination of Executive's employment with the Company Group for any
reason, the Company shall instruct the members of the Company Group's management team and any other individual who is authorized to make
any public statement on behalf of the Company Group not to make, or direct any other Person to make, any Disparaging Statement about
Executive. For purposes of this Agreement, a "Disparaging Statement" shall mean any communication that is intended to defame
or disparage, or has the effect of defaming or disparaging.

(d)             
It is expressly understood and agreed that although
Executive and the Company consider the restrictions contained in this Section 6 to be reasonable and necessary to protect the Company's
legitimate business interests and to be in consideration of Executive's significant equity interests in the Company and the Company's
grant of equity interests to Executive, if a final judicial determination is made by a court of competent jurisdiction that the time
or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of
this Agreement shall not be rendered void but shall be deemed amended to apply as to maximum time and territory and to such maximum extent
as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that
any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended to make it enforceable, such finding
shall not affect the enforceability of any of the other restrictions contained herein.

     

     

    

(e)              
The period of time during which the provisions of this
Section 6 shall be in effect shall be extended by the length of time during which Executive is in breach of the terms hereof as determined
by any court of competent jurisdiction on the Company's application for injunctive relief. The period of time during which the provisions
of this Section 6 shall be in effect shall be reduced by the Garden Leave Period (if elected).

(f)
The provisions of this Section 6 shall survive the termination of Executive's employment for any reason, including but not limited to,
any termination other than for Cause.

7.                
Confidentiality: Intellectual Property.

(a)              
 Confidentiality.

(i)
Executive will not at any time (whether during or after Executive's employment with the Company), (x) retain; or (y) disclose, divulge,
reveal, communicate, share, transfer or provide access to any Person outside any Company Group member (other than (A) Executive's professional
advisers who are bound by confidentiality obligations, (B) in performance of Executive's duties under Executive's employment pursuant
to customary industry practice, (C) in connection with any litigation proceedings for enforcement by Executive of Executive's rights
under this Agreement and (D) to Executive's representatives who have a need to know such information for tax or financial reporting reasons),
any non-public, proprietary or confidential information (in any form or medium, including text, digital or electronic) — including,
without limitation, trade secrets, know-how, research and development, software, databases, inventions, processes, formulae, technology,
designs and other intellectual property, information concerning finances, investments, profits, pricing, costs, products, services, vendors,
customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government
and regulatory activities and approvals (in any form or medium, tangible or intangible) — concerning the past, current or future
business, activities and operations of an Company Group member and/or any third party that has disclosed or provided any of same to any
Company Group member on a confidential basis ("Confidential Information") without the prior written authorization of the Board.
Executive will not at any time (whether during or after Executive's employment with the Company Group) use any Confidential Information
for the benefit, purposes or account of Executive or any other Person, other than in the performance of Executive's duties under this
Agreement.

(ii)
"Confidential Information" shall not include any information that is (A) generally known to the industry or the
public other than as a result of Executive's breach of this covenant: (B) made available to Executive by a third party without breach
of any confidentiality or other wrongful act of which Executive has knowledge; (C) required by law to be disclosed; provided, that with
respect to subsection (C) Executive shall (to the extent legally permissible and reasonably practicable) give prompt written notice to
the Company of such requirement, disclose no more information than is required, and reasonably cooperate with any attempts by any Company
Group member to obtain a protective order or similar treatment; or (D) permitted to be disclosed pursuant to any organizational document
of the Company Group.

(iii)
Except as required by law, Executive will not disclose to anyone, other than Executive's Pam ily (it being understood that, in this Agreement,
the term "family" refers to Executive, Executive's spouse, spouse equivalent, children, parents, spouse's parents and spouse
equivalent's parents) and advisors, the existence or contents of this Agreement; provided, that Executive may disclose to any prospective
future employer the provisions of Section 6 and Section 7 of this Agreement and, may disclose the existence or contents of this Agreement
in connection with any litigation proceedings fòr enforcement by Executive of Executive's rights under this Agreement (provided,
that, in connection with any such litigation or proceedings not involving the Company Group or any of their Affiliates, Executive shall
(to the extent legally permissible and reasonably practicable) disclose no more information than is required). This Section 7(a)(iii)
shall terminate if the Company publicly discloses a copy of this Agreement (or, if the Company publicly discloses summaries or excerpts
of this Agreement, to the extent so disclosed).

     

     

    

(iv)            
Upon termination of Executive's employment with the
Company for any reason, Executive shall, upon the Company's request, promptly destroy, delete, or return to the Company, at the Company's
option, all originals and copies in any form or medium (including memoranda, books, papers, plans, computer files, letters and other
data) in Executive's possession or control (including any of the foregoing stored or located in Executive's office, home, laptop or other
computer, whether or not Company property) that contain Confidential Information, except that Executive may retain only those portions
of any personal notes, notebooks and diaries that do not contain any Confidential Information and nothing herein shall require Executive
to destroy any computer records or files containing Confidential Information which Executive required to maintain pursuant to applicable
law or in connection with any litigation proceedings for enforcement by Executive of Executive's rights under this Agreement; provided,
that the provisions of this Agreement will continue to apply to such Confidential Information.

(v)              
Nothing in this Agreement shall prohibit or impede Executive
from communicating, cooperating or filing a complaint with the U.S. federal, state or local governmental or law enforcement branch, agency
or entity (or similar bodies of relevant foreign jurisdictions) (collectively, a "Governmental Entity") with respect to possible
violations of any applicable law or regulation, or from otherwise making disclosures to any Governmental Entity that are protected under
the whistleblower provisions of any such law or regulation; provided, that in each case such communications and disclosures are consistent
with applicable law, and nothing shall preclude Executive's right to receive an award from a Governmental Entity for information provided
under any whistleblower program. Executive does not need the prior authorization of (or to give notice to) the Company regarding any
such communication or disclosure.

(vi)
Pursuant to the Defend Trade Secrets Act of 20 1 6, the Company and Executive hereby confirm, understand and acknowledges that Executive
shall not be held criminally or civilly liable under any applicable federal or state trade secret law for the disclosure of a trade secret
that is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, in
each case solely for the purpose of reporting or investigating a suspected violation of law, or (B) in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. The Company and Executive hereby confirm, understand and acknowledge
further that if Executive files a lawsuit fòr retaliation by an employee or for reporting a suspected violation of law, Executive
may disclose the trade secret to Executive's attorney and use the trade secret information in the court proceeding, if Executive (x)
files any document containing the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order.
Moreover, Executive does not need the prior authorization of (or to give notice to) the Company regarding any such communication or disclosure.
Except as required by applicable law, under no circumstance will Executive be authorized to disclose any information covered by attorney-client
privilege or attorney work product of the Company, without prior written consent of the Company's General Counsel or other officer designated
by the Company.

(b)             
Intellectual Property.

(i)               
If Executive creates, invents, designs, develops, contributes
to or improves any works of authorship, inventions, concepts, intellectual property, materials, trademarks or similar rights, documents
or other work product (including without limitation, research, reports, software, algorithms, techniques, databases, systems, applications,
presentations, textual works, content, improvements, or audiovisual materials), whether or not patentable or registrable under patent,
trademark, copyright or similar laws ("Works"), either alone or with third parties, at any time during Executive's employment
by the Company Group members and within the scope of such employment (it being understood that, for the avoidance of doubt, the activities
set forth on EXHIBIT Il shall not be considered within the scope of such employment for the purposes of this Section 7) and/or with the
use of any resources of any Company Group member or their respective Affiliates, which Works shall be "Company Group Works"
(it being understood that, notwithstanding anything herein to the contrary, in no event shall Executive's name, likeness, image or any
other rights of publicity be considered Company Group Works). Executive agrees that all such Company Group Works shall, as between the
parties hereto, be the sole and exclusive property and intellectual property of the Company. Notwithstanding the foregoing, Executive
hereby irrevocably assigns, transfers and conveys (and agrees to so assign, transfer and convey), to the maximum extent perm itted by
applicable law, all of Executive's right, title, and interest therein (including rights under patent, industrial property, copyright,
trademark, trade secret, unfair competition, other intellectual property laws, and related laws) to the Company Group members to the
extent ownership of any such rights does not vest originally in such Company Group members whether as a "work made for hire"
or by virtue of the prior sentence. If Executive creates any written records (in the form of notes, sketches, drawings, or any other
tangible form or media) of any Company Group Works such records will remain, as between the parties hereto, the sole property and intellectual
property of the Company Group at all times. For clarity, any activities using Executive's name, likeness, image or any other rights of
publicity, to the extent such activities would not otherwise be prohibited by Section 6(a) of the Agreement and are outside of the ordinary
course of business of the Company Group, as such business exists now or at any time in the future or (B) are otherwise approved by the
Board (which approval shall not be unreasonably withheld, conditioned or delayed) shall not be considered within the scope of Executive's
employment for the purposes of this Section 7.

     

     

    

(ii)             
Executive shall take all reasonably requested actions
and execute all reasonably requested documents (including any licenses or assignments required by a government contract) at the expense
of any Company Group member (but without further remuneration) to assist the applicable Company Group member or its affiliates in validating,
maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the Company Group members' rights in the Company
Group Works. Executive hereby designates and appoints the Company and its designees as Executive's agent and attorney-in-fact, to act
for and in Executive's behalf and stead solely to the extent necessary to execute and file such documents and solely to the extent Executive
is unable or unwilling to do so. This power of attorney is coupled with an interest and is irrevocable. Executive shall not knowingly
take any actions inconsistent with the Company's ownership rights set forth in this Section 7, including by filing to register any Company
Group Works in Executive's own name.

 

(iii)           
Executive shall not improperly use for the benefit of,
bring to any premises of, divulge, disclose, communicate, reveal, transfer or provide access to, or share with any Company Group member
or their respective Affiliates any confidential, proprietary or non-public information or intellectual property relating to a former
employer or other third party without the prior written permission of such third party. Executive shall comply with all relevant policies
and guidelines of the Company Group that are from time to time previously disclosed to Executive, including regarding the protection
of Confidential Information and intellectual property and potential conflicts of interest.

(iv)           
Executive has listed on the attached Exhibit II, Works
that are owned by Executive, in whole or jointly with others prior to Executive's employment with the Company (such Works, together with
any other Works owned by Executive in whole or jointly with others prior to Executive's employment with the Company Group, collectively,
"Prior Works"). Executive shall not use any Prior Work in connection with Executive's employment with the Company Group without
prior written consent of the Company. If, in connection with Executive's employment with the Company, Executive incorporates into any
Company product, service or process any Prior Work (or any portion of a Prior Work), in any manner whatsoever, Executive grants the Company
a non-exclusive, perpetual (or the maximum time period allowed by applicable law), sub-licensable, assignable, royalty-free right and
worldwide license to use, modify, reproduce, reduce to practice, market, distribute, communicate and/or sell such Prior Work or portion
of such Prior Work solely to the extent necessary for the Company to exploit such Company product, service or process. The Company, on
behalf of itself and the other members of the Company Group, agrees that any and all Prior Works shall, as between the parties hereto,
be and remain the sole and exclusive property and intellectual property of Executive. For the avoidance of doubt, notwithstanding anything
herein to the contrary, in no event shall any Prior Works (or any portion thereof) be considered "Confidential Information"
under this Agreement.

(c)              
The provisions of Section 7 hereof shall survive the
termination of Executive's employment for any reason (except as otherwise set forth in Section 7(a)(iii) hereof).

8.  
Specific Performance. Executive acknowledges
and agrees that the remedies of the Company Group at law for a breach or threatened breach of any of the provisions of Section 6 and
Section 7 of this Agreement would be inadequate and the Company Group would suffer irreparable damages as a result of such breach or
threatened breach. In recognition of this fact, Executive agrees that, in the event of such a material breach, in addition to any remedies
at law, any member of the Company Group, without posting any bond, shall be entitled, in addition to any other remedy available at law
or equity, to cease making any payments or providing any benefit otherwise required by this Agreement, and may be entitled to obtain
equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable
remedy which may then be available. Any determination as to whether Executive is in compliance with Section 6 and Section 7 hereof shall
be determined without regard to whether the Company Group could obtain an injunction or other equitable relief under the law of any particular
jurisdiction.

     

     

    

9.  
Miscellaneous.

(a)                       
Indemnification; Directors' and Officers' Insurance.
The Company shall indemnify and hold Executive harmless from and against any and all liabilities, obligations, losses, damages, fines,
taxes and interest and penalties thereon (other than taxes based on fees or other compensation received by Executive from the Company),
claims, demands, actions, suits, proceedings (whether civil, criminal administrative,
investigative or otherwise), costs, expenses and disbursements (including reasonable and documented legal and accounting fees and expenses,
costs of investigation and sums paid in settlement) of any kind or nature whatsoever (collectively, "Claims and Expenses"),
which may be imposed on, incurred by or asserted at any time against Executive that arises out of or relates to Executive's service as
an officer, director or employee, as the case may be, of any Company Group member, or Executive's service in any such capacity or similar
capacity with an affiliate of the Company Group or other entity at the request of the Company Group; provided, that Executive shall not
be entitled to indemnification hereunder against any Claims or Expenses that are finally determined by a court of competent jurisdiction
to have resulted from any act or omission that (i) is a criminal act by Executive or (ii) constitutes fraud or willful misconduct by
Executive. The Company shall pay the expenses (including reasonable legal fees and expenses and costs of investigation) incurred by Executive
in defending any such claim, demand, action, suit or proceeding as such expenses are incurred by Executive and in advance of the final
disposition of such matter; provided, that Executive undertakes to repay such expenses if it is determined by agreement between Executive
and the Company or, in the absence of such an agreement, by a final judgment of a court of competent jurisdiction that Executive is not
entitled to be indemnified by the Company Group. The Company (or other Company Group member) will maintain directors' and officers' liability
insurance providing coverage in such scope and subject to such limits as the Company determines, in its discretion, is appropriate.

(b)                      
Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Nevada, without regard to conflicts of laws principles thereof that would
direct the application of the law of any other jurisdiction.

(c)                       
Jurisdiction; Venue. Each of the parties hereto
irrevocably submits to the exclusive jurisdiction of any federal or state court sitting in the State of Nevada over any suit, action
or proceeding arising out of or relating to this Agreement and each of the parties agrees that any action relating in any way to this
Agreement must be commenced only in the federal or state courts of Nevada. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted or not prohibited by law, any objection which it may now or hereafter have to the laying of the venue of any
such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court
has been brought in an inconvenient forum. Each of the parties hereto hereby irrevocably consents to the service of process in any suit,
action or proceeding by sending the same by certified mail, return receipt requested, or by recognized overnight courier service, to
the address of such party set forth in Section 9(j).

(d)                      
Entire Agreement: Amendments. This Agreement
(including, without limitation, the exhibits attached hereto) contains the entire understanding of the parties with respect to the employment
of Executive by any member of the Company Group, and supersedes all prior agreements and understandings between Executive and any member
of the Company Group regarding the terms and conditions of Executive's employment with the Company Group, with the exception of any applicable
prior invention assignment or the protections that exist under the terms of any applicable long term incentive plan (or any earned compensation,
including under any retirement or deferred compensation plans), the Company's 2021 Incentive Stock Plan and any other equity, option
or warrant plan entered into between the Company and Executive. In addition, if the Company Group is a party to one or more agreements
with Executive related to the matters subject to Section 6 or Section 7, such other agreement(s) shall remain in full force and effect
and continue in addition to this Agreement, including, without limitation, any covenants pertaining to confidentiality, nondisclosure,
non-competition, nonsolicitation and non-disparagement applicable to Executive. There are no restrictions, agreements, promises, warranties,
covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein.
This Agreement (including, without limitation, the exhibits attached hereto) may not be altered, modified, or amended except by written
instrument signed by the parties hereto.

     

     

    

(e)                       
No Waiver. The failure of a party to insist upon
strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party's rights or deprive such
party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

(f)
Set Off; No Mitigation. The Company's obligation
to pay Executive the amounts provided hereunder pursuant to Sections 5(c)(ii)(B), 5(c)(ii)(C), 5(d)(i)(B) and 5(d)(i)(C), as applicable,
following the Employment Term shall be subject to set-off for amounts owed by Executive to any Company Group member. Executive shall
not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments
owed by the Company Group shall not be reduced by any compensation or benefits received from any subsequent employer (except as provided
for in Section 5(d)(i)(C)), self-employment or other endeavor.

(g)                      
Severability. In the event that any one or more
of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability
of the remaining provisions of this Agreement shall not be affected thereby.

(h)                      
Assignment. This Agreement and all of Executive's
rights and duties hereunder, shall not be assignable or delegable by Executive. Any purported assignment or delegation by Executive in
violation of the foregoing shall be null and void ab initio and of no force and effect. This Agreement shall automatically be assigned
by the Company to a person or entity which is a successor in interest ("Successor") to all or substantially all of the then-business
operations of the Company. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations
of such Successor.

(i)
Compliance with Code Section 409A.

(i) 
The intent of the parties is that payments and benefits
under this Agreement comply with or be exempt from Code Section 409A and, accordingly, to the maximum extent perm itted, this Agreement
shall be interpreted to be in compliance therewith. If any provision of this Agreement (or of any award of compensation, including equity
compensation or benefits) would cause Executive to incur any additional tax or interest under Code Section 409A, the Company shall, after
consulting with and receiving the approval of Executive, reform such provision in a manner intended to avoid the incurrence by Executive
of any such additional tax or interest.

(ii)                       
 A termination of employment shall not be deemed to have
occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits that are considered nonqualified
deferred compensation under Code Section 409A upon or following a termination of employment unless such termination is also a "separation
from service" within the meaning of Code Section 409A, and, for purposes of any such provision of this Agreement, references to
a "termination, termination of employment" or like terms shall mean "separation from service." The determination
of whether and when a separation from service has occurred for proposes of this Agreement shall be made in accordance with the presumptions
set forth in Section I .409A- I (h) of the Treasury Regulations.

(iii)                     
Any provision of this Agreement to the contrary notwithstanding,
if at the time of Executive's separation from service, the Company determines that Executive is a "specified employee," within
the meaning of Code Section 409A, then to the extent any payment or benefit that Executive becomes entitled to under this Agreement on
account of such separation from service would be considered nonqualified deferred compensation under Code Section 409A, such payment
or benefit shall be paid or provided at the date which is the earlier of (x) six months and one day after such separation from service
and (y) the date of Executive's death (the "Delay Period"). Upon the expiration of the Delay Period, all payments and benefits
delayed pursuant to this Section 9(i) (whether they would have otherwise been payable in a single sum or in installments in the absence
of such delay) shall be paid or provided to Executive in a lump-sum, and any remaining payments and benefits due under this Agreement
shall be paid or provided in accordance with the normal payment dates specified herein.

     

     

    

(iv)                      
Any reimbursements and in-kind benefits provided under
this Agreement that constitute deferred compensation within the meaning of Code Section 409A shall be made or provided in accordance
with the requirements of Code Section including that (A) in no event shall any fees, expenses or other amounts eligible to be reimbursed
by the Company under this Agreement be paid later than the last day of the calendar year that follows the calendar year in which the
applicable fees, expenses or other amounts were incurred; (13) the amount of expenses eligible fòr reimbursement, or inkind benefits
that the Company is obligated to pay or provide, in any given calendar year shall not affect the expenses that the Company is obligated
to reimburse, or the in-kind benefits that the Company is obligated to pay or provide, in any other calendar year, provided that the
foregoing clause (B) shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 1 05(b) solely
because such expenses are subject to a limit related to the period the arrangement is in effect; and (C) Executive's right to have the
Company pay or provide such reimbursements and in-kind benefits may not be liquidated or exchanged for any other benefit.

(v)
For purposes of Code Section 409A, Executive's right
to receive any installment payments shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment
under this Agreement specifies a payment period with reference to a number of days (for example, "payment shall be made within 30
days following the date of termination"), the actual date of payment within the specified period shall be within the sole discretion
of the Company. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement,
to the extent such payment is subject to Code Section 409A.

(j)
Notice. For the purpose of this Agreement, notices
and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered
by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage
prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished
to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

If
to the Company:

Expion360
Inc.

2025
SW Deerhound Ave.

Redmond,
OR 97756

Attention:
John Yozamp

with
a copy (which shall not constitute notice) to:

Rowland
W. Day Il 465 Echo Bay Trail Bigfork, MT 5991 1

If
to Executive:

To
the most recent address of Executive set forth in the personnel records of the Company.

(k)                      
Executive Representation. Executive hereby represents
to the Company that the execution and delivery of this Agreement by Executive and the performance by Executive of Executive's duties
hereunder shall not constitute a breach of the terms of any employment agreement or other agreement or written policy to which Executive
is a party or otherwise bound. Executive hereby further represents that Executive is not subject to any agreement with a previous employer
that is unaffiliated with the Company Group that contains any restrictions on Executive's ability to solicit, hire or engage any employee
or other service provider of such previous, unaffiliated employer that would restrict the ability of Executive to perfòrm Executive's
duties hereunder. Executive agrees that the Company is relying on the foregoing representations in entering into this Agreement and related
equity-based award agreements.

     

     

    

(l)
Cooperation. Executive shall provide reasonable
cooperation in connection with any pending claim, litigation, regulatory or administrative proceeding involving any Company Group member
(or any appeal from any action or proceeding) arising out of or related to the period when Executive was employed by any Company Group
member. In the event that Executive's cooperation is requested after the termination of Executive's employment, the applicable Company
Group member shall (i) use its reasonable efforts to minimize interruptions to Executive's personal and professional schedule and (ii)
pay Executive an agreeable amount for Executive's time and (iii) reimburse Executive for all reasonable out-of-pocket expenses actually
incurred by Executive in connection with such cooperation upon reasonable substantiation of such expenses.

(m)                    
Withholding Taxes. The Company may withhold from
any amounts payable under this Agreement such federal, state and local taxes as may be required to be withheld pursuant to any applicable
law or regulation. Any amounts so withheld shall be properly paid over to the appropriate government authority.

(n)                      
Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

IN
WITNESS WHEREOF, the palties herein have duly executed this Agreement as of the day and year first above written.

                   EXECUTIVE

Paul
Shoun

    	 

    	 

    

EXHIBIT
1

			Company
                                            Car. Executive shall be entitled to a Company auto expense of $ I ,000 per month.

			Security
                                            Benefits. During the Employment Term, Executive shall be entitled to full-time security
                                            benefits (i) with respect to any Company Group office (including while Executive is providing
                                            services from, and physically located at, such office) or (ii) when Executive is traveling
                                            under circumstances that pose a risk to Executive, as reasonably determined by Executive.

			Private
                                            Office Expense. During the Employment Term, Executive shall be reimbursed for a private
                                            office at home or such other location which amount shall not exceed $ I ,00() per month.

     

     

    

EXHIBIT
11

Executive
may engage in the following activities:

			with
                                            the approval of the Board (which approval shall not be unreasonably withheld, conditioned
                                            or delayed), Executive may serve on the board of directors (or equivalent governing bodies)
                                            of other for profit enterprises provided such companies do not compete with the Company Group;
                                            and

			engage
                                            in an unlimited number of (A) public speaking engagements, (B) publishing opportunities and/or
                                            (C) professional events or conferences, in each case, subject to the approval of the Board
                                            (which approval shall not be unreasonably withheld, conditioned or delayed) to the extent
                                            that such speaking engagements, publishing opportunities and events or conferences are outside
                                            of the ordinary course of business of the Company Group.

 

Executive
shall be entitled to retain all fees or other payments earned in connection with the activities set forth on this Exhibit Il.

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