Document:

Exhibit 10.105

 Exhibit 10.105 
 WAIVER AND TENTH AMENDMENT TO 
 LOAN AND SECURITY AGREEMENT 
 THIS WAIVER AND TENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of May 22, 2006, by and among
TELOS CORPORATION, a Maryland corporation (“Parent”), XACTA CORPORATION, a Delaware corporation (“Xacta”; Parent and Xacta are referred to hereinafter each individually as a “Borrower”, and individually
and collectively, jointly and severally, as the “Borrowers”), TELOS DELAWARE, INC., a Delaware corporation (“Telos-Delaware”), UBIQUITY.COM, INC., a Delaware corporation (“Ubiquity”), TELOS.COM,
INC., a Delaware corporation (“Telos.com”), TELOS INTERNATIONAL CORP., a Delaware corporation (“TIC”), TELOS INTERNATIONAL ASIA, INC., a Delaware corporation (“TIA”), SECURE TRADE, INC., a
Delaware corporation (“STI”), KUWAIT INTERNATIONAL, INC., a Delaware corporation (“KII”), TELOS INFORMATION SYSTEMS, INC., a Delaware corporation (“TIS”), TELOS FIELD ENGINEERING, INC., a Delaware
corporation (“TFE”), and TELOS FEDERAL SYSTEMS, INC., a Delaware corporation (“TFS”; Telos-Delaware, Ubiquity, Telos.com, TIC, TIA, STI, KII, TIS, TFE and TFS are referred to hereinafter each individually as a “Credit
Party” and collectively, jointly and severally, as the “Credit Parties”), and WELLS FARGO FOOTHILL, INC. (formerly known as Foothill Capital Corporation), as agent (“Agent”) for the Lenders (defined below) and as a
Lender. 
 WHEREAS, Borrowers, Credit Parties, Agent and certain other financial institutions from time to time party thereto (the
“Lenders”) are parties to that certain Loan and Security Agreement dated as of October 21, 2002 (as amended from time to time, the “Loan Agreement”); 
 WHEREAS, the Companies failed to deliver to Agent (x) the audited financial statements for the fiscal year ended December 31, 2005 required by
Section 6.3(b) and (y) the unaudited monthly financial statements and Compliance Certificates for each of the months ended December 31, 2005, January 31, 2006, February 28, 2006 and March 31, 2006 required by
Section 6.3(a), which resulted in Events of Default under Section 8.2 of the Loan Agreement (collectively, the “Existing Defaults”); and 
 WHEREAS, subject to the terms and conditions contained herein, Agent and Lenders have agreed to waive the Existing Defaults and the Borrowers, Credit Parties, Agent and Lenders have agreed to amend the Loan Agreement
in certain respects. 
 NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as
follows: 
 1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such
terms in the Loan Agreement. 
 2. Waiver. Subject to the satisfaction of the conditions set forth in Section 5 hereof, Agent and
Lenders hereby waive the Existing Defaults. The foregoing shall not constitute a waiver of any other Event of Default that may exist, or a waiver of any future Event of Default that may occur. 

 3. Amendments to Loan Agreement. Subject to the satisfaction of the conditions set forth in
Section 5 hereof, Section 7.20(a)(i) of the Loan Agreement is hereby amended and restated in its entirety as follows: 
 (i) Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than the required amount set forth in the following table for the applicable period set forth opposite thereto;

  

			
	 Applicable Amount
	  	 Applicable Period

	$(6,262,089)	  	For the 3 month period ending March 31, 2006
		
	$(7,343,765)	  	For the 4 month period ending April 30, 2006
		
	$(8,580,562)	  	For the 5 month period ending May 31, 2006
		
	$(9,029,015)	  	For the 6 month period ending June 30, 2006
		
	$(9,028,285)	  	For the 7 month period ending July 31, 2006
		
	$(8,277,902)	  	For the 8 month period ending August 31, 2006
		
	$(4,340,055)	  	For the 9 month period ending September 30, 2006
		
	$(1,102,568)	  	For the 10 month period ending October 31, 2006
		
	$1,784,009	  	For the 11 month period ending November 30, 2006
		
	85% of EBITDA for such period as reflected in the most recent Projections delivered to Agent pursuant to Section 6.3(c) and approved by Required Lenders but in no event less than
$4,250,230	  	For the 12 month period ending December 31, 2006 and the 12 month period ending on the last day of each fiscal month thereafter

  

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 4. Ratification; Other Agreements. This Amendment, subject to satisfaction of the conditions
provided below, shall constitute an amendment to the Loan Agreement and all of the Loan Documents as appropriate to express the agreements contained herein. Except as specifically set forth herein, the Loan Agreement and the Loan Documents shall
remain unchanged and in full force and effect in accordance with their original terms. Companies agree to deliver to Agent (x) the audited financial statements for the fiscal year ended December 31, 2005 required by Section 6.3(b) and
(y) the unaudited monthly financial statements and Compliance Certificates for each of the months ended December 31, 2005, January 31, 2006, February 28, 2006 and March 31, 2006 required by Section 6.3(a) on
or before May 31, 2006. Failure to deliver any of the foregoing items on or before May 31, 2006 shall constitute an Event of Default. 
 5. Conditions to Effectiveness. This Amendment shall become effective as of the date hereof and upon the satisfaction of the following conditions precedent: 
 (a) Each party hereto shall have executed and delivered this Amendment to Agent; 
 (b) Agent shall have received the Amendment Fee described in Section 6 hereof; 
 (c) Borrowers shall have delivered to Agent such documents, agreements and instruments as may be requested or required by Agent in connection with this
Amendment, each in form and content acceptable to Agent; 
 (d) No Default or Event of Default other than the Existing Defaults shall have
occurred and be continuing on the date hereof or as of the date of the effectiveness of this Amendment; and 
 (e) All proceedings taken in
connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be satisfactory to Agent and its legal counsel. 
 6. Amendment Fee. To induce Agent and Lenders to enter into this Amendment, Borrowers shall pay to Agent, for the benefit of Lenders, a
non-refundable amendment fee equal to $10,000 (the “Amendment Fee”), which shall be due and payable on the date hereof. 
  

 -3- 

 7. Miscellaneous. 
 (a) Warranties and Absence of Defaults. To induce Agent and Lenders to enter into this Amendment, each Company hereby represents and warrants to Agent and Lenders that: 
 (i) The execution, delivery and performance by it of this Amendment and each of the other agreements, instruments and documents
contemplated hereby are within its corporate power, have been duly authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required), and do not and will not contravene or conflict with any
provision of law applicable to it, its articles of incorporation and by-laws, any order, judgment or decree of any court or governmental agency, or any agreement, instrument or document binding upon it or any of its property; 
 (ii) Each of the Loan Agreement and the other Loan Documents, as amended by this Amendment, are the legal, valid and binding obligation of
it enforceable against it in accordance with its terms, except as the enforcement thereof may be subject to (A) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s rights
generally, and (B) general principles of equity; 
 (iii) The representations and warranties contained in the Loan
Agreement and the other Loan Documents are true and accurate as of the date hereof with the same force and effect as if such had been made on and as of the date hereof; and 
 (iv) It has performed all of its obligations under the Loan Agreement and the Loan Documents to be performed by it on or before the date
hereof and as of the date hereof, it is in compliance with all applicable terms and provisions of the Loan Agreement and each of the Loan Documents to be observed and performed by it and no event of default or other event which upon notice or lapse
of time or both would constitute an event of default has occurred. 
 (b) Expenses. Companies, jointly and severally, agree to pay on
demand all costs and expenses of Agent (including the reasonable fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or
documents provided for herein or delivered or to be delivered hereunder or in connection herewith. In addition, Companies agree, jointly and severally, to pay, and save Agent harmless from all liability for, any stamp or other taxes which may be
payable in connection with the execution or delivery of this Amendment or the Loan Agreement, as amended hereby, and the execution and delivery of any instruments or documents provided for herein or delivered or to be delivered hereunder or in
connection herewith. All obligations provided herein shall survive any termination of the Loan Agreement as amended hereby. 
  

 -4- 

 (c) Governing Law. This Amendment shall be a contract made under and governed by the internal laws
of the State of Illinois. 
 (d) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto
on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. 
 8. Release. 
 (a) In consideration of
the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Company, on behalf of itself and its successors, assigns, and other legal
representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions,
predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a
“Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses,
rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which such Company or any
of its successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any
time on or prior to the day and date of this Amendment, including, without limitation, for or on account of, or in relation to, or in any way in connection with any of the Loan Agreement, or any of the other Loan Documents or transactions thereunder
or related thereto. 
 (b) Each Company understands, acknowledges and agrees that the release set forth above may be pleaded as a full and
complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 
 (c) Each Company agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall
affect in any manner the final, absolute and unconditional nature of the release set forth above. 
  

 -5- 

 [signature pages follow] 
  

 -6- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized and delivered as of the date first above written. 
  

			
	BORROWERS:
	
	 TELOS CORPORATION,
 a Maryland corporation

		
	 By
	 	 /s/ John B. Wood 

	 Title
	 	 CEO

	
	 XACTA CORPORATION,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	CREDIT PARTIES:
	
	 TELOS DELAWARE, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood 

	 Title
	 	 CEO

	
	 UBIQUITY.COM, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

  

 Signature Page to Waiver and Tenth Amendment to Loan and Security Agreement 

			
	 TELOS.COM, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	 TELOS INTERNATIONAL CORP.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood 

	 Title
	 	 CEO

	
	 TELOS INTERNATIONAL ASIA, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	 SECURE TRADE, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	 KUWAIT INTERNATIONAL, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

  

 Signature Page to Waiver and Tenth Amendment to Loan and Security Agreement 

			
	 TELOS INFORMATION SYSTEMS, INC.,
 a
Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	 TELOS FIELD ENGINEERING, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood

	 Title
	 	 CEO

	
	 TELOS FEDERAL SYSTEMS, INC.,
 a Delaware corporation

		
	 By
	 	 /s/ John B. Wood 

	 Title
	 	 CEO

	
	AGENT AND LENDER:
	
	 WELLS FARGO FOOTHILL, INC. 
 (formerly known as Foothill Capital Corporation) 

		
	 By
	 	 /s/ David J. Sanchez

	 Title
	 	 VP

  

 Signature Page to Waiver and Tenth Amendment to Loan and Security AgreementForm of Employment Agreement

 Exhibit 10.1 
 TELZUIT MEDICAL TECHNOLOGIES, INC. 
 FLORIDA, USA 
 EMPLOYMENT AGREEMENT 
 THIS IS
AN EMPLOYMENT AGREEMENT dated the 8 day of May, 2006, effective the 8 day of May, 2006 (“Effective Date”), by and between TelZuit Medical Technologies, Inc. (“Company”), a Florida corporation with its principal place of business
in, Florida and Warren D. Stowell (“Employee”). 
 WHEREAS, the Company wishes to assure itself of the services of Employee for the
period provided in this Agreement, and Employee is willing to serve in the employ of the Company upon the terms and conditions hereinafter provided. 
 NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto hereby agree as follows: 
  

	I.	Employment. The Company hereby employs Employee, and Employee hereby accepts such employment by the Company, upon the terms and conditions herein provided.

  

	II.	Position and Responsibilities. During the period of his employment hereunder, Employee agrees to serve as Chief Executive Officer (CEO) and to be responsible
for the performance of all duties associated with this position as defined in the Company Personnel Manual as well as to perform such other duties as may be delegated to him from time to time by the Board of Directors of the Company (BOD).
Furthermore, Employee agrees to devote his full time to the faithful performance of his duties for the Company and to render service to the Company to the best of his ability, experience and talent to the reasonable satisfaction of the Company.
Except as otherwise herein provided, Employee shall not engage in any other business or occupation without the Company’s written consent; provided, however, nothing contained herein shall prohibit Employee from making passive or personal
investments for which the expenditure of time is not required. Employee acknowledges that he shall work at the Company Office designated by the BOD and shall travel, as reasonably required by the Company, to various offices of the Company as well as
to offices of clients and vendors of the Company in connection with his employment. The Company may change or modify the position of Employee or his duties at any time during the term hereof, however, such changes shall not result in a change in
Employee’s compensation as provided for herein. 

  

	III.	Term of Employment. This agreement shall commence on the Effective Date and shall continue for a period of thirty-six (36) full calendar months thereafter
(the primary term), unless sooner terminated, as provided in paragraphs VIII, IX, and X hereof. The primary term shall be automatically extended for additional twelve (12) full calendar months (the extended term) unless either party gives
notice to the other party not less than ninety (90) days prior to the expiration of the current term and any extended term that the contract is not going to be extended. In the event of such notice the contract shall expire upon the last day of
said current term. 

  

	IV.	Professional Development Plan. The Employee shall seek continuing education and professional development opportunities consistent with required job skills
necessary to manage and lead the Company toward established goals. The Company will assist the Employee in accordance with the current Company Personnel Manual Policies for employees holding positions and performing duties substantially similar to
those performed by Employee 

  

	V.	Compensation. Except as otherwise provided herein, for all services rendered by Employee in any capacity during his employment under this Agreement,
including, without limitation, services as an employee, executive, officer, director, or member of any committee of the Company, related companies or subsidiaries of the Company, commencing the Effective Date, the Company shall pay Employee a gross

  

					
	  
	  		  	  

	 Employer
	  		  	Employee

  

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 salary before taxes of one hundred fifty-nine thousand dollars ($159,000) per annum, with a TBD% increase each year for
the primary term and a TBD% increase for each year of the first extended term and all other extended terms as approved by the Board. Salary payments net of deductions for applicable taxes shall be payable in accordance with the Company’s normal
pay practices which may be altered from time to time by Company. 
  

	A.	Overtime. It is expressly agreed that Employee’s duties shall during the term hereof be administrative and executive in nature and Employee and his position shall
be exempt from the overtime provisions of the Fair Labor Standards Act and all other state and federal regulations 

  

	B.	Vacation and Sick Leave. Employee shall be entitled to sick leave and vacation time consistent with existing Company Personnel Manual policies. This period of
vacation shall be cumulative, and in the event this Agreement is terminated, Employee shall be paid for all accrued but unused vacation time. 

  

	C.	Benefits. Company shall provide Employee with all fringe benefits normally provided to employees holding positions and performing duties substantially similar
to those performed by Employee. 

  

	D.	Bonuses. Employee shall be eligible for a signing bonus, in the form of stock options of shares of the Company of Two Million shares at a striking price of
$0.50USD, granted at this date by the Board of Directors, exercisable for ten years@ the Exercise Price of $0.50, subject to the vesting of said option...25% as of the Effective date and 25% at each anniversary date thereof. Vesting will fail, if
for any reason Employee shall not be an existing employee on such vesting dates, unless the Employee shall have been wrongfully terminated by the Company prior thereto. The options will expire after 10 years from the date of signing of this
agreement. 

  

	E.	Automobiles. The Employee acknowledges that it is Company policy not to provide Company vehicles to employees. However, Company does provide reimbursement for
vehicle expenses incurred by any Employee on behalf of Company in accordance with the reimbursement rates set out in the Company Personnel Manual. In addition, Company will provide Executive Level Employees as defined in the Company Personnel Manual
a monthly allowance to compensate Employee for wear and tear on his automobile when used on behalf of the Company. Employee further acknowledges that if he/she accepts this allowance it will be reported as income to the Employee on their W2.

  

	F.	Expenses. The Company shall pay directly, the following expenses incurred by the Employee in and pertaining to the course of his employment if first determined
by the Company to be ordinary and necessary expenses of the Company: 

  

	 	1.	Business related — Employee’s license fees, membership dues in trade associations, subscriptions to trade journals and such other items as the Company may determine as
being ordinary and necessary business expenses of the Company. 

  

	 	2.	Entertainment — From time to time Employee shall be expected to entertain for the benefit of the Company and his own professional acceptance and success in the Community. Such
entertainment shall be one of the requirements of the Employee’s employment hereunder and the expenses incurred by him in connection therewith shall be borne by the Company in an amount not to exceed those sums, per occasion, as defined in the
Company Personnel Manual. 

  

	 	3.	Meetings, Conventions and Seminars — Employee, as a condition of employment hereunder, may be required by Company to attend professional meetings, conventions or trade
seminars. The expenses incurred by Employee in connection therewith such as travel, room, board and registration fees shall be borne by the Company in an amount not to exceed the sums as defined in the Company Personnel Manual.

  

	 	4.	Method of payment — company shall provide Employee the means to pay for the above expenses in accordance with the policies defined in the Company Personnel Manual.

  

	VI.	Reimbursement of disallowed Compensation and Expenses. In the event any compensation or reimbursement of expenses paid to Employee or expenses for Employee shall upon
audit or other examination 

  

					
	  
	  		  	  

	 Employer
	  		  	Employee

  

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 of the income tax returns of the Company, be determined not to be an allowed deduction from the gross
income of the Company, and such determination shall be accepted by the Company or shall be rendered final by the appropriate state or federal taxing authority or by a judgment of a court of competent jurisdiction and no appeal shall be taken there
from or the applicable period for filing notice of appeal shall have expired, then, in such event, Employee will repay to the Company the amount of disallowed compensation or expenses or both within ninety (90) days of receipt of notice by the
Employee of such amount. The Company may not waive this duty of repayment. In the event the Company has not been fully repaid by the Employee within said ninety (90) day period, the Company shall have the right to withhold the unpaid amount
from future salary payments in one or more installments, until the amount allowed to the Company has been recovered in full. 
  

	VII.	Illness or Incapacity. If Employee becomes unable to devote his required time to the business of the Company because of illness or incapacity during the term of
this Agreement, then during such period of illness or incapacity, his salary shall be 100% of his monthly Basic Salary for the first six (6) months. Successive periods of disability, illness or incapacity will be considered separate periods
unless the later period of disability, illness or incapacity is due to the same or a related cause and commences less than two (2) months from the ending of the previous period of disability. 

  

	VIII.	Death as Termination of Employment. 

  

	 	A.	Any sums due the Employee under this Agreement shall be paid to the Employee’s beneficiary at the next normal pay period after the date of Employee’s death.

  

	 	B.	Any sums due the Employee under the Company’s Profit Sharing Plan shall be paid to the Employee’s beneficiary as provided by the terms of the Plan.

  

	 	C.	After receiving the payments provided for in this Section, the Employee’s surviving spouse and/or his estate shall have no further rights under this Agreement.

  

	IX.	Termination for Cause. The Company may terminate Employee’s employment under this Agreement at any time, but only after a determination by the Board of
Directors that cause for termination exists. Cause shall include but shall not be strictly limited to: 

  

	 	A.	Willful damaging of the Company’s property, business, reputation or goodwill; 

  

	 	B.	Conviction of a felony; 

  

	 	C.	Death, theft, dishonesty, fraud or embezzlement; 

  

	 	D.	Inattention to or neglect of duties to be performed, which are not the result of illness or accident; 

  

	 	E.	The use of alcohol, narcotics or other controlled substances to the extent that it prevents the Employee from efficiently performing services for the Company;

  

	 	F.	Willfully injuring of any other employee of the Company; 

  

	 	G.	Willfully injuring any person in the course of performance of services for the Company; 

  

	 	H.	Disclosing to a competitor or other unauthorized persons confidential or proprietary information or secrets of the Company; 

  

	 	I.	Solicitation of business on behalf of a competitor or a potential competitor; 

  

	 	J.	Sexual harassment of any other employee of the Company or the commission of any illegal act which otherwise creates an offensive work environment for other employees of the
Company; 

  

	 	K.	Failure of Employee for any reason within five days after receipt by Employee of written notice thereof from the Company, to correct, cease or otherwise alter any
insubordination, failure to comply with instructions or other act or omission to act that in the opinion of the Company does or may adversely affect its business or operations; 

  

	 	L.	Failure to devote full time and effort to his duties hereunder; 

  

	 	M.	Failure to perform assigned duties and/or responsibilities in a manner satisfactory to the Company; 

  

	 	N.	Company shall not be limited to termination as a remedy for any improper or illegal act of Employee, but may also seek damages, injunction or such other remedy as it may deem
appropriate under the circumstances. 

  

					
	  
	  		  	  

	 Employer
	  		  	Employee

  

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	X.	Return of Records. On termination of employment, Employee shall deliver all records, notes, data, memoranda, models, and equipment of any nature that are in
Employee’s possession or under his control and that are the property of the Company or relate to the Employment or to the business of the Company. 

  

	XI.	Life Insurance. Inasmuch as the services of employee are important to the success or failure of the Company, the Company may, by its sole discretion, purchase
disability insurance or insurance on the life of the Employee during the term hereof in such amounts, as Company shall determine appropriate. The Company shall own such insurance, the Company shall be the sole beneficiary, and all premiums therefore
shall be paid by the Company. The Employee agrees to cooperate with the reasonable requirements of the Company and/or its insurance carriers as necessary to obtain such insurance, including submitting to any and all necessary medical examinations.

  

	XII.	NON Compete & NON Disclosure. Upon signing of this agreement Employee agrees to be bound by the terms and conditions of the Company’s
NON-COMPETE & NON-DISCLOSURE EMPLOYMENT AGREEMENT which agreement Employee agrees to sign as a condition of his employment by the Company. The Compensation clauses contained in that Agreement are hereby acknowledged to be a partial
reiteration of the Salary and other Compensation clauses contained in this agreement and not to be construed as additional Compensation to be paid by Company to Employee. 

  

	XIII.	Waiver. The waiver by either party hereto of any breach of any provision of this Agreement shall not operate or be construed as a waiver or any subsequent breach by
either party hereto. 

  

	XIV.	Costs of Enforcement. In the event either party initiates action to enforce his or its rights hereunder, the substantially prevailing party shall recover from the
non-prevailing party its reasonable expenses, court costs and reasonable attorneys’ fees, whether suit be brought or not. As used herein, expenses, court costs and attorneys’ fees include expenses, court costs and attorneys’ fees
incurred in an appellate proceeding. All such expenses shall bear; interest at the highest rate allowable under the laws of the State of Florida from the date the prevailing party pays such expenses until the date the non-prevailing party repays
such expenses. Expenses incurred in enforcing this paragraph shall be covered by this paragraph. Further, the Court of proper jurisdiction in Orange County, Florida shall be the proper forum and venue. 

  

	XV.	Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns and the Employee and his
heirs and legal representatives. This Agreement is personal as to Employee and may not be assigned by Employee. The Company without the prior consent of Employee may assign this Agreement. 

  

	XVI.	Governing Law & Severability. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. The invalidity or
unenforceability of a particular provision of this Agreement shall not effect the other provisions hereto, and this Agreement shall be construed in all respect as if such invalid or unenforceable provisions were omitted. 

  

	XVII.	Amendment and Complete Agreement. This Agreement may be amended in whole or part at any time and from time to time but only in writing signed by both parties. This
Agreement contains the entire understanding of the parties relating to the employment of the Employee by the Company. The parties acknowledge and agree that neither of them has made any representation with respect to such matters of this Agreement
or any representations except as are specifically set forth herein, and each party acknowledges that he/she has relied on his own judgment in entering into this agreement. The parties further acknowledge that statements or representations that may
have been made heretofore by either of them to the other are void and of no force and effect to the extent that they are not incorporated herein. 

 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals the day & year written above. 
  

							
	BY:	 	  
	 	BY:	 	  

		 	Employer	 		 	Employee

  

					
	  
	  		  	  

	 Employer
	  		  	Employee

  

 4 of 5 

			
	STATE OF Florida	  	STATE OF Florida
	COUNTY OF                     	  	COUNTY OF                     
		
	PERSONALLY appeared before me, the undersigned authority in and for the county and state aforesaid, the within named
                                , who acknowledged to me that he is
                     of TelZuit Technologies, Inc, and who acknowledged that he signed and delivered the above and foregoing instrument on the
date and year therein mentioned, for and on behalf of said corporation after first having been duly authorized so to do. GIVEN under my hand and official seal of office on this the          day of
                    , 20 .	  	PERSONALLY came and appeared before me, the undersigned in and for the jurisdiction aforesaid, the within named
                                 in the above and foregoing instrument of writing,
who acknowledged to me that he/she signed and delivered the above foregoing instrument of writing on the day and in the year and for the purposes therein mentioned. GIVEN under my hand and official seal of office on this the _____ day of
                    , 20 .

  

					
	  
	  		  	  

	 NOTARY PUBLIC
	  		  	NOTARY PUBLIC
	 MY COMMISSION EXPIRES:
                            
	  		  	MY COMMISSION EXPIRES:
                            

  

					
	  
	  		  	  

	 Employer
	  		  	Employee

  

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