Document:

Exhibit 10.9

 

 

Employment Agreement

 

 

This Employment
Agreement (this "Agreement") is made effective as of December 1, 2020 by and between American Virtual Cloud Technologies,
Inc. ("The Company") of 1720 Peachtree Street, Suite 629, Atlanta, Georgia, 30309 and Thomas King, ("Mr. King”),
of 1298 Waterford Green Trail, Marietta, GA 30068. This Agreement replaces all prior employment agreements.

 

The Company
is engaged in the business of Information Technology Services. Mr. King will primarily perform the job duties at the following
location: 1298 Waterford Green Trail, Marietta, GA 30068.

 

		A.	The Company desires to have the services of Mr. King. 

 

		B.	Mr. King is willing to be employed by The Company. 

 

Therefore, the parties agree
as follows:

 

EMPLOYMENT.
The Company shall employ Mr. King as Chief Financial Officer. Mr. King accepts and agrees to such employment, and agrees to be
subject to the general supervision, advice and direction of The Company and the Company's Board of Directors.

 

BEST
EFFORTS OF EMPLOYEE. Mr. King agrees to perform faithfully, industriously, and to the best of his ability, experience, and
talents, all of the duties that may be required by the express and implicit terms of this Agreement, to the reasonable satisfaction
of The Company. Such duties shall be provided at such place(s) as the needs, business, or opportunities of The Company may require
from time to time. Mr. King shall devote his full business time to the rendition of such Services, subject to absences for customary
vacations and for temporary illness. In addition, Mr. King will not engage in any other gainful occupation which requires his personal
attention and/or creates a conflict of interest with job responsibilities under this Agreement without the prior approval of the
Board, with the exception that Mr. King may personally trade in stock, bonds, securities, commodities or real estate investments
for his own benefit.

 

COMPENSATION
OF EMPLOYEE. As compensation for the services provided by Mr. King under this Agreement, The Company will pay Mr. King an annual
salary of $420,000 payable in accordance with the Company's usual payroll procedures. Upon termination of this Agreement, payments
under this paragraph shall cease; provided, however, that Mr. King shall be entitled to payments for periods or partial periods
that occurred prior to the date of termination and for which Mr. King has not yet been paid, and for any commission earned in accordance
with The Company' customary procedures, if applicable. Accrued vacation will be paid in accordance with state law and The Company'
customary procedures. This section of the Agreement is included only for accounting and payroll purposes and should not be construed
as establishing a minimum or definite term of employment.

 

    

     

    

 

The Company
may award Mr. King an At-Risk Annual bonus (the Bonus), in an amount up to 100% of his starting base salary. Such Bonus will be
based on personal and corporate performance factors agreed upon by The Company.

 

Additionally,
The Company has previously awarded Mr. King 3 00,000 Restricted Stock Units under the Company’s Equity Incentive Plan.

 

EXPENSE
REIMBURSEMENT. The Company will reimburse Mr. King for "out-of-pocket" expenses incurred in accordance with the Company's
policies in effect from time to time.

 

RECOMMENDATIONS
FOR IMPROVING OPERATIONS. Mr. King shall provide The Company with all information, suggestions, and recommendations
regarding The Company's business, of which Mr. King has knowledge, that will be of benefit to The Company.

 

CONFIDENTIALITY.
The Company recognizes that Mr. King has and will have information regarding the following:

		-	inventions 

		-	products 

		-	product design 

		-	processes 

		-	technical matters 

		-	trade secrets 

		-	copyrights 

		-	customer lists 

		-	prices 

		-	costs 

		-	business affairs 

		-	future plans 

 

and other
vital information items (collectively, "Information") which are valuable, special and unique assets of The Company. Mr.
King agrees that he will not at any time or in any manner, either directly or indirectly, divulge, disclose, furnish, make accessible,
or communicate any Information to any third party without the prior written consent of The Company. Mr. King will protect the Information
and treat it as strictly confidential. A violation by Mr. King of this paragraph shall be a material violation of this Agreement
and will justify legal and/or equitable relief.

 

This Agreement
is in compliance with the Defend Trade Secrets Act and provides civil or criminal immunity to any individual for the disclosure
of trade secrets: (i) made in confidence to a federal, state, or local government official, or to an attorney when the disclosure
is to report suspected violations of the law; or (ii) in a complaint or other document filed in a lawsuit if made under seal.

 

UNAUTHORIZED DISCLOSURE
OF INFORMATION. If it appears that Mr. King has disclosed (or has threatened to disclose) Information in violation of this
Agreement, The Company shall be entitled to an injunction to restrain Mr. King from disclosing, in whole or in part, such Information,
or from providing any services to any party to whom such Information has been disclosed or may be disclosed. The Company shall
not be prohibited by this provision from pursuing other remedies, including a claim for losses and damages, attorneys' fees and
costs incurred while seeking to enforce this Agreement.

 

    

     

    

 

CONFIDENTIALITY AFTER
TERMINATION OF EMPLOYMENT. The confidentiality provisions of this Agreement shall remain in full force and effect for a two-year
period after the termination of Mr. King's employment. During such two-year period, neither party shall make or permit the making
of any public announcement or statement of any kind regarding Mr. King's employment by or connection with The Company.

 

INTELLECTUAL
PROPERTY RIGHTS. All information, ideas, concepts, improvements, discoveries, and inventions, whether patentable or not, which
are conceived, made, developed or acquired by Mr. King, individually or in conjunction with others, during his employment by The
Company (whether during business hours or otherwise and whether on The Company' premises or otherwise) which relate to The Company's
business, products or services (including, without limitation, all such information relating to corporate opportunities, research,
financial and sales data, pricing and trading terms, evaluations, opinions, interpretations, acquisition prospects, the identity
of customers or their requirements, the identity of key contacts within the customer's organizations or within the organization
of acquisition prospects, or marketing and merchandising techniques, prospective names, and marks), and all writings or materials
of any type embodying any of such items, shall be disclosed to The Company and are and shall be the sole and exclusive property
of The Company.

 

NON-COMPETE
AGREEMENT. Mr. King agrees and covenants that during his employment by The Company and for a period of one-year following the
termination of Mr. King's employment, whether such termination is voluntary or involuntary, Mr. King will not directly or indirectly
engage in any business competitive with The Company.

 

Directly
or indirectly engaging in any competitive business includes, but is not limited to: (i) engaging in a business as owner, partner,
or agent, (ii) becoming an employee, rendering advice or offering services to any third party that is engaged in such business,
(iii) becoming interested directly or indirectly in any such business, or (iv) soliciting any customer or current Executive or
Employee of The Company for the benefit of a third party that is engaged in such business. Mr. King agrees that this non-compete
provision will not adversely affect Mr. King's livelihood.

 

During the
Employment Period, Mr. King will devote his full-time efforts to the business of The Company and will not engage in consulting
work or any trade or business for his own account or for or on behalf of any other person, firm or corporation that competes, conflicts
or interferes with the performance of his duties under this Agreement.

 

BENEFITS.
Mr. King shall be entitled to standard and customary employment benefits, including holidays, officer liability and indemnification
insurance, vacation (not less than four weeks), health insurance, disability insurance and life insurance as provided by The Company
policies in effect from time to time.

 

    

     

    

TERM/TERMINATION.
Mr. King's employment under this Agreement shall be for an unspecified term on an "at will" basis. This Agreement
may be terminated by The Company upon No written notice, and by Mr. King upon Two weeks written notice. If The Company shall so
terminate this Agreement, Mr. King shall be entitled to compensation for One year of base salary. bonus and benefits (including
health care and life insurance as applicable) beyond the termination date of such termination,
unless Mr. King is in violation of this Agreement. If Mr. King is in violation of this Agreement, The Company may terminate employment
with cause without notice and with compensation to Mr. King only to the date of such termination. As used in this Agreement, the
term "Cause" shall include, without limitation: insubordination; dishonest; fraud; serious dereliction of duty; criminal
activity; acts of moral turpitude; conviction of a felony, plea of guilty or nolo contendere to a felony charge or any criminal
act involving moral turpitude. The compensation paid under this Agreement shall be Mr. King's exclusive remedy. If
Mr. King's employment is terminated by The Company without
cause, Mr. King shall continue to receive his base salary, bonus and benefits (including health care and life insurance as applicable)
for a period of One year of base salary from the effective date of termination (the "Severance Period").

 

The
salary and fringe benefits to be paid are referred to herein as the "Termination Compensation." Mr. King shall not be
entitled to any Termination Compensation unless: (i) Mr. King complies with all surviving provisions of any non-competition agreement,
non-solicitation agreement, confidentiality agreement or inventions assignment agreement that Mr. King signed, and (ii) Mr. King
executes and delivers to The Company, after a notice of termination, a release in form and substance acceptable to The Company,
by which Mr. King releases The Company from any obligations
and liabilities of any type whatsoever under this Agreement, except for The Company' obligations
with respect to the Termination Compensation, and that release shall not affect Mr. King's right to indemnification, if any, for
actions taken within the scope of his employment. Notwithstanding anything herein, no Termination Compensation shall be paid or
otherwise provided until all applicable revocation periods have fully expired, and the mutual release becomes fully and finally
enforceable. The parties hereto acknowledge that the Termination Compensation to be provided is in consideration for Mr. King's
release.

 

If
Mr. King terminates this Agreement by providing appropriate notice, the Company, at its election,
may (i) require Mr. King
to continue to perform his duties hereunder for the full notice period, or
(ii) terminate Mr. King 's employment at any time during such notice period, provided that any such termination shall not
be deemed to be a termination without cause of Mr. King 's employment by The Company. Unless otherwise provided by this Section,
all compensation and benefits paid by The Company to Mr. King shall cease upon his last day of employment.

 

TERMINATION
DUE TO DEATH. Mr. King's employment under this Agreement will terminate immediately upon his death and The Company shall not
have any further liability or obligations to Mr. King's estate, executors, heirs, assigns or any other person claiming under or
through Mr. King's estate, except that Mr. King's estate shall receive any accrued but unpaid salary or bonuses and any life insurance
benefits to be paid pursuant to Mr. King's beneficiary designation.

 

    

     

    

 

COMPLIANCE
WITH EMPLOYER'S RULES. Mr. King agrees to comply with all of the rules and regulations of The Company.

 

RETURN
OF PROPERTY. Upon termination of this Agreement, Mr. King shall deliver and return all Company and Company-related property
(including keys, records, notes, data, memoranda, models, and equipment) that is in Mr. King's possession or under his control.
Such obligation shall be governed by any separate confidentiality or proprietary rights agreement signed by Mr. King.

 

NOTICES.
All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in
person or on the third day after being deposited in the United States mail, postage paid, addressed as follows:

 

	 	Employer:
	 	 
	 	American Virtual Cloud Technologies, Inc.
	 	Xavier Williams
	 	Chief Executive Officer
	 	1720 Peachtree Street, Suite 629
	 	Atlanta, Georgia 30309
	 	 
	 	Executive:
	 	 
	 	Thomas King
	 	1298 Waterford Green Trail
	 	Marietta, Georgia 30068

 

Such addresses
may be changed from time to time by either party by providing written notice in the manner set forth above.

 

BINDING
AGREEMENT. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, personal representatives,
successors and assigns. In the event The Company is acquired, is a non-surviving party in a merger, or transfers substantially
all of its assets, this Agreement shall not be terminated and the transferee or surviving company shall be bound by the provisions
of this Agreement. The parties understand that the obligations of Mr. King are personal and may not be assigned by The Company.

 

ENTIRE
AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any
other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.

 

AMENDMENT.
This Agreement may be modified or amended, if the amendment is made in writing and is signed by both parties.

 

SEVERABILITY.
If any provisions of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall
continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that
by limiting such provision it would become valid or enforceable, then such provision shall be deemed to be written, construed,
and enforced as so limited.

 

    

     

    

 

WAIVER
OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver
or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

 

APPLICABLE
LAW. This Agreement shall be governed by the laws of the State of Georgia.

 

 

	EMPLOYER:	 
	The Company	 
	 	 
	By:	/s/ Xavier Williams	Date:	December 2, 2020
	 	Xavier Williams	 	 
	 	Chief Executive Officer	 	 
	 	 

 

 

	AGREED TO AND ACCEPTED.	 
	 	 
	EXECUTIVE:	 
	 	 
	By:	/s/ Thomas King	Date:	December 3, 2020
	 	Thomas KingExhibit 10.2

 

THIS
PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

PROMISSORY
NOTE

	Principal Amount: Up to $300,000	                                                        Dated
    as of September 18 2020
	 	                                                        New
    York, New York  

 

7GC
& Co. Holdings Inc., a Delaware corporation and blank check company (the “Maker”), promises to pay
to the order of 7GC & Co. Holdings LLC or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of
the United States of America, on the terms and conditions described below.  All payments on this Note shall be made
by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee
may from time to time designate by written notice in accordance with the provisions of this Note.

 

1. Principal. The
principal balance of this Note shall be payable by the Maker on the earlier of: (i) March 31, 2021 or (ii) the date on which Maker
consummates an initial public offering of its securities. The principal balance may be prepaid at any time. Under no circumstances
shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally
for any obligations or liabilities of the Maker hereunder.

 

2. Interest. No
interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown
Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably
related to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from time to
time prior to the earlier of: (i) March 31, 2021 or (ii) the date on which Maker consummates an initial public offering of its
securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must
state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker
and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided,
however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). Once
an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments
or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the
foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal
balance of this Note.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum
due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late
charges and finally to the reduction of the unpaid principal balance of this Note.

 

5. Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the date specified above.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

     

     

    

 

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

  

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

 

(b) Upon
the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all
other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without
any action on the part of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under
the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property,
real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under
execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees
that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued
hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All
notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered:
(i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently
provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business
day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery
to an overnight courier service or five (5) days after mailing if sent by mail.

 

10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

    2

     

    

  

12. Trust
Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in
which the proceeds of the initial public offering (the “IPO”) to be conducted by the Maker (including the deferred
underwriters discounts and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur
prior to the closing of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus
to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13. Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

14. Assignment.
No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of
law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required
consent shall be void.

 

[Signature
page follows]

 

    3

     

    

 

IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned
as of the day and year first above written.

 

	 	7GC
    & CO. HOLDINGS INC.
	 	 	 
	 	By:	/s/ Jack
Leeney
	 	 	Name:
    Jack Leeney
	 	 	Title:
      Chief Executive Officer 

 

 

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