Document:

Exhibit 10.10

 

EMPLOYMENT
AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made and entered into as of February 1, 2021, by and between Astra Space,
Inc. (the “Company”) and Kelyn Brannon (the “Executive”), to be effective as of the
Closing Date (the “Effective Date”), as such term is defined in that certain Business Combination
Agreement by and between Holicity Inc., Holicity Merger Sub Inc. and the Company, dated as of the date hereof (the
“Business Combination Agreement”). In the event the Closing (as defined in the Business Combination
Agreement) does not occur for any reason, this Agreement will be void and of no force or effect.

 

WHEREAS, the Executive
possesses certain experience and expertise that qualifies the Executive to provide the direction and leadership required by the
Company; and

 

WHEREAS, the Company
desires to continue to employ the Executive as Chief Financial Officer of the Company following the Closing and the Executive wishes
to accept such employment;

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and intending to be legally bound hereby, the Company and the Executive
agree as follows:

 

1. EMPLOYMENT

 

1.1 Position. Effective as of the
Effective Date, the Executive will be employed by the Company, on a full-time basis, as its Chief Financial Officer. In
addition, for so long as the Executive is employed by the Company, the Executive will serve as a director or officer of one
or more of the Company’s Affiliates as may be required from time to time, in each case, without further compensation.
Effective immediately upon termination of the Executive’s employment for any reason, the Executive will be deemed to
have resigned from all such positions and offices the Executive may then hold at the Company or any of its Affiliates.

 

1.2
Duties. The Executive agrees to perform the duties of the Executive’s position and such other duties as may
reasonably be assigned to the Executive from time to time. The Executive also agrees that, while employed by the Company, the
Executive will devote the Executive’s full business time and best efforts, business judgment, skill and knowledge to
the advancement of the business interests of the Company and its Affiliates and to the discharge of the Executive’s
duties and responsibilities for them; provided, that the Executive’s service as a director, trustee or committee
member of civic or charitable organizations will not be in violation of the foregoing, in each case, to the extent such
service does not interfere with the effective discharge of the Executive’s duties and responsibilities hereunder,
create a conflict of interest or violate the Executive’s obligations under Section 3 hereof.

 

1.3 Compliance
with Policy. The Executive agrees that, while employed by the Company, the Executive will comply with all applicable
policies, practices and procedures, and codes of ethics or business conduct of the Company or any of its Affiliates, as in
effect from time to time.

 

     

     

    

 

2. COMPENSATION
AND BENEFITS

 

During the Executive’s
employment hereunder, as compensation for all services performed by the Executive for the Company and its Affiliates, the Company
will provide the Executive the following compensation and benefits:

 

2.1 Base
Salary. From and after the Effective Date, the Company will pay the Executive a base salary at the rate of $400,000 per
year, payable in accordance with the ordinary payroll practices of the Company and subject to adjustment from time to time by
the Board in its discretion (as adjusted from time to time, the “Base Salary”).

 

2.2 Annual
Bonus. The Executive will be eligible to earn an annual bonus (the “Annual Bonus”) for each fiscal
year completed during the Executive’s employment hereunder, in a target amount of seventy-five percent (75%) of the
Base Salary (for the first year, only with respect to the Base Salary payable from and after the Effective Date). The actual
amount of any Annual Bonus will be determined by the Board in its discretion, based on financial, operational, individual
and/or other targets established by the Board. In order to be eligible to receive any Annual Bonus hereunder, the Executive
must be employed through the date such Annual Bonus is paid, except as otherwise provided in Section 5.2.

 

2.3 Employee
Benefits. The Executive will be entitled to participate in all employee benefit plans as in effect from time to time for
employees of the Company generally, except to the extent such plans are duplicative of benefits otherwise provided to the
Executive under this Agreement. The Executive’s participation will be subject to the terms of the applicable plan
documents and generally applicable Company policies, as the same may be in effect from time to time, and any other
restrictions or limitations imposed by law.

 

2.4 Vacations.
The Executive will be eligible to accrue vacation time in accordance with the policies of the Company as in effect from time
to time, which vacation time will be in addition to any holidays observed by the Company. Vacation may be taken at such times
and intervals as the Executive determines, subject to the business needs of the Company. Vacation otherwise will be subject
to the policies of the Company as in effect from time to time.

 

2.5 Business
Expenses. The Company will pay or reimburse the Executive for all reasonable business expenses incurred or paid by the
Executive in the performance of the Executive’s duties and responsibilities hereunder, subject to any expense
reimbursement policies of the Company as in effect from time to time and to such reasonable substantiation and documentation
as may be specified by the Company from time to time. The Executive’s right to payment or reimbursement hereunder will
be subject to the following additional rules: (i) the amount of expenses eligible for payment or reimbursement during any
calendar year will not affect the expenses eligible for payment or reimbursement in any other calendar year; (ii) payment or
reimbursement will be made not later than December 31 of the calendar year following the calendar year in which the expense
was incurred; and (iii) the right to payment or reimbursement will not be subject to liquidation or exchange for any other
benefit.

 

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3. CONFIDENTIAL
INFORMATION AND RESTRICTED ACTIVITIES

 

3.1 Confidential
Information. During the course of the Executive’s employment with the Company, the Executive has learned and will continue
to learn of Confidential Information and has developed and will continue to develop Confidential Information on behalf of the
Company and its Affiliates. The Executive agrees not to use or disclose to any Person (except as required or permitted by applicable
law or for the proper performance of the Executive’s regular duties and responsibilities for the Company) any Confidential
Information obtained by the Executive incident to the Executive’s employment or any other association with the Company or
any of its Affiliates (including, for the avoidance of doubt, any such information acquired with respect to the Executive’s
employment with Astra Space, Inc. prior to the Effective Date). The Executive agrees that this restriction will continue to apply
after the Executive’s employment terminates, regardless of the reason for such termination. For the avoidance of doubt,
(i) nothing contained in this Agreement limits, restricts or in any other way affects the Executive’s communicating with
any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning
matters relevant to such governmental agency or entity; and (ii) the Executive will not be held criminally or civilly liable under
any federal or state trade secret law for disclosing a trade secret (A) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation
of law, or (B) in a complaint or other document filed under seal in a lawsuit or other proceeding, provided, however,
that notwithstanding this immunity from liability, the Executive may be held liable if the Executive unlawfully accesses or discloses
trade secrets by unauthorized means.

 

3.2 Protection
of Documents. All documents, records and files, in any media of whatever kind and description, relating to the business, present
or otherwise, of the Company or any of its Affiliates, and any copies, in whole or in part, thereof (the “Documents”),
whether or not prepared by the Executive, will be the sole and exclusive property of the Company. The Executive agrees to safeguard
all Documents and to surrender to the Company, at the time the Executive’s employment terminates or at such earlier time
or times as the Board or its designee may specify, all Documents then in the Executive’s possession or control. The Executive
also agrees to disclose to the Company, at the time the Executive’s employment terminates or at such earlier time or times
as the Board or its designee may specify, all passwords necessary to obtain access to any Confidential Information or Company
information that the Executive has password-protected on any computer equipment, network or system of the Company or any of its
Affiliates.

 

3.3 Assignment
of Rights to Intellectual Property. The Executive will promptly and fully disclose all Intellectual Property to the
Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the
Executive’s full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and
all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts
(including, without limitation, the execution and delivery of instruments of further assurance or confirmation and the
provision of good faith testimony in person or by declaration or affidavit) requested by the Company to assign the
Intellectual Property to the Company (or as otherwise directed by the Company) and to permit the Company to secure, prosecute
and enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge
the Company or any of its Affiliates for time spent in complying with these obligations. All copyrightable works that the
Executive creates during the Executive’s employment will be considered “work made for hire” and will, upon
creation, be owned exclusively by the Company. Notwithstanding anything to the contrary herein, the Executive acknowledges
and agrees that the provisions of this Section 3.3 will not apply to any Invention that qualifies fully for exclusion
under the provisions of Section 2870 of the California Labor Code, the terms of which are set forth in Exhibit A
attached hereto.

 

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3.4 Restricted
Activities. The Executive agrees to the following restrictions on the Executive’s activities during and, to the
extent applicable, after the Executive’s employment, and further agrees that such restrictions are necessary to protect
the goodwill, Confidential Information, trade secrets and other legitimate interests of the Company and its Affiliates:

 

(a) Non-Competition.
While the Executive is employed by the Company, the Executive will not, directly or indirectly, whether as an owner, partner, investor,
consultant, agent, employee, co-venturer or otherwise, compete with, undertake any planning to compete with, or assist or encourage
any other Person in competing with or undertaking any planning to compete with, the Company or any of its Affiliates. Specifically,
but without limiting the foregoing, the Executive agrees not to work for or provide services to, in any capacity, whether with
or without compensation, any Person that is engaged in any business anywhere that is competitive with the business of the Company
or any of its Affiliates, as conducted or in active planning at any time during the Executive’s employment with the Company.

 

(b) Non-Solicitation
of Business Partners. While the Executive is employed by the Company, the Executive will not, directly or indirectly, and
will not assist or encourage any other Person to, (i) solicit or encourage any customer, vendor, supplier or other business partner
of the Company or any of its Affiliates to terminate, diminish or otherwise change in any manner adverse to the Company or any
of its Affiliates his, her or its relationship with any of them; or (ii) seek to persuade any such customer, vendor, supplier or
business partner, or any prospective customer, vendor, supplier or business partner of the Company or any of its Affiliates, to
conduct with anyone else any business or activity that such Person conducts or could conduct with the Company or any of its Affiliates.

 

(c) Non-Solicitation
of Employees and Other Service Providers. While the Executive is employed by the Company, except as required for the
proper performance of the Executive’s regular duties and responsibilities hereunder, the Executive will not, directly
or indirectly, and will not assist or encourage any other Person to, hire or engage any employee of the Company or any of its
Affiliates. While the Executive is employed by the Company, except as required for the proper performance of the
Executive’s regular duties and responsibilities hereunder, and during the twelve- (12) month period immediately
following termination of the Executive’s employment, regardless of the reason therefor (in the aggregate, the “Non-Solicitation
Period”), the Executive will not, directly or indirectly, and will not assist or encourage any other Person to, (i)
solicit for hiring or engagement any employee of the Company or any of its Affiliates or seek to persuade any such employee
to discontinue employment; or (ii) solicit or encourage any independent contractor providing services to the Company or any
of its Affiliates to terminate, diminish or otherwise change in any manner adverse to the Company or any of its Affiliates
his, her or its relationship with any of them. For purposes of this Section 3.4(c), an “employee” or
“independent contractor” of the Company or any of its Affiliates is any Person who was such at any time during
the twelve- (12) month period immediately preceding the activity restricted by this Section 3.4(c).

 

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(d) Non-Disparagement.
Subject to the provisions of Section 3.1, while the Executive is employed by the Company and at all times following
termination of the Executive’s employment, regardless of the reason therefor, the Executive will not, directly or
indirectly, disparage or criticize the Company or any of its Affiliates, their respective businesses, management, employees,
officers, directors, customers, products or services, and the Executive otherwise will not do or say anything that could
disrupt the good morale of employees of the Company or any of its Affiliates or harm the interests or reputation of the
Company or any of its Affiliates. The Company will not disparage or criticize the Executive in authorized public statements,
and will instruct its senior-level executives and members of the Board not to, directly or indirectly, disparage or criticize
the Executive to any Person following termination of the Executive’s employment hereunder.

 

3.5 Enforcement.
In signing this Agreement, the Executive gives the Company assurance that the Executive has carefully read and considered all
the terms and conditions of this Agreement, including the restraints imposed on the Executive under this Section 3,
that the Executive has not relied on any agreements or representations, express or implied, that are not set forth expressly
in this Agreement, and that the Executive has entered into this Agreement knowingly and voluntarily. The Executive agrees
that these restraints are necessary for the reasonable and proper protection of the Company and its Affiliates, and that each
and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Executive
further agrees that, were the Executive to breach any of the covenants contained in this Section 3, the damage to the
Company and its Affiliates would be irreparable. The Executive therefore agrees that the Company, in addition and not in the
alternative to any other remedies available to it, will be entitled to preliminary and permanent injunctive relief against
any breach or threatened breach by the Executive of any such covenants, without having to post bond. So that the Company may
enjoy the full benefit of the covenants contained in Section 3.4(c), the Executive further agrees that the
Non-Solicitation Period will be tolled, and will not run, during the period of any breach by the Executive of the covenants
contained therein. In the event that any provision of this Section 3 is determined by any court of competent
jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area or too
great a range of activities, that provision will be deemed to be modified to permit its enforcement to the maximum extent
permitted by law. It is also agreed that each of the Company’s Affiliates will have the right to enforce all of the
Executive’s obligations to that Affiliate under this Agreement, including, without limitation, pursuant to this Section
3. No claimed breach of this Agreement or other violation of law attributed to the Company or any of its Affiliates, or
change in the nature or scope of the Executive’s employment or other relationship with the Company or any of its
Affiliates, will operate to excuse the Executive from the performance of the Executive’s obligations under this Section
3.

 

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4. TERMINATION OF
EMPLOYMENT

 

The Executive’s
employment under this Agreement will continue until terminated pursuant to this Section 4.

 

4.1 In General.
The Executive’s employment may be terminated by the Company or by the Executive at any time upon sixty (60) days’
prior written notice to the other party; provided, however, that the Board may elect to waive such notice period
or any portion thereof, in which case the Company will continue to pay the Base Salary for that portion of the notice period so
waived.

 

4.2 Termination
by the Company for Cause. Notwithstanding the provisions of Section 4.1, the Company may terminate the Executive’s
employment immediately for Cause upon written notice to the Executive setting forth in reasonable detail the nature of the Cause.
For purposes of this Agreement, “Cause”); means the occurrence of any of the following, as determined by the
Board in its reasonable judgment: (i) the Executive’s material failure to perform (other than by reason of disability),
or substantial misconduct in the performance of, the Executive’s duties and responsibilities for the Company or any of its
Affiliates which causes material harm to the Company; (ii) the Executive’s material and demonstrable breach of any provision
of Section 3 or of any other confidentiality, invention assignment or other restrictive covenant obligation set forth in
any written agreement by and between the Executive and the Company or any of its Affiliates; (iii) the Executive’s material
and demonstrable breach of any other provision of this Agreement or any other written agreement by and between the Executive and
the Company or any of its Affiliates; (iv) the Executive’s material violation of any applicable policy or code of conduct
of the Company or any of its Affiliates, which violation causes material reputational or financial harm to the Company; or (v)
the Executive’s indictment for, or plea of nolo contendere to, any felony or any crime involving moral turpitude. Notwithstanding
anything to the contrary in the foregoing, a circumstance otherwise giving rise to Cause pursuant to the foregoing clause (i),
(ii), (iii) or (iv), if capable of cure, will not constitute Cause if cured by the Executive within ten (10) days following the
Company’s notice to the Executive thereof; provided, however, that the Company will not be required to provide
any such notice or opportunity to cure with respect to any subsequent substantially similar or related conduct.

 

4.3 Resignation
by the Executive for Good Reason. Notwithstanding the provisions of Section 4.1, the Executive may terminate the
Executive’s employment for Good Reason upon written notice to the Company setting forth in reasonable detail the nature
of the circumstances constituting Good Reason. For purposes of this Agreement, “Good Reason”); means the
occurrence of any of the following without the Executive’s consent: (i) a material reduction in Base Salary, other than
an across-the-board reduction applicable to similarly situated executives of the Company; (ii) a permanent relocation of the
Executive’s principal place of business that increases the Executives commute by more than sixty (60) miles in a single
direction; or (iii) a material diminution of Executive’s duties, authorities or responsibilities; provided, in
each case, that (x) the Executive provides the Company with written notice of the circumstance constituting Good Reason
within twenty (20) days following the Executive’s first knowledge thereof, (y) the Company fails to cure such
circumstance within twenty (20) days following the receipt of such notice and (z) the Executive actually terminates
employment within twenty (20) days following the expiration of such cure period.

 

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4.4 Death
and Disability. The Executive’s employment will terminate automatically in the event of the Executive’s death
during employment. The Company may terminate the Executive’s employment, upon notice to the Executive, in the event
that the Executive becomes disabled during the Executive’s employment hereunder through any illness, injury, accident
or condition of either a physical or psychological nature and, as a result, is unable to perform substantially all of the
Executive’s duties and responsibilities for the Company and its Affiliates (notwithstanding the provision of any
reasonable accommodation) for a period of ninety (90) days during any period of three hundred sixty-five (365) consecutive
days. If any question arises as to whether the Executive is disabled to the extent that the Executive is unable to perform
substantially all of the Executive’s duties and responsibilities hereunder, the Executive will, at the Company’s
request, submit to a medical examination by a physician selected by the Company, and to whom the Executive or the
Executive’s guardian, if any, has no reasonable objection, to determine whether the Executive is so disabled, and such
determination will be conclusive of the issue for purposes of this Agreement. If such a question arises and the Executive
fails to submit to the requested medical examination, the Company’s good faith, reasonable determination of the issue
will be binding on the Executive.

 

5. OTHER MATTERS
RELATED TO TERMINATION

 

5.1 Final
Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the
Company will pay the Executive (i) the Base Salary for the final payroll period of the Executive’s employment, through
the date the Executive’s employment terminates (the “Termination Date”); (ii) compensation at the
rate of the Base Salary for any vacation time accrued in accordance with the policies of the Company but not used as of the
Termination Date; and (iii) reimbursement, in accordance with Section 2.5 hereof, for business expenses incurred by
the Executive but not yet paid to the Executive as of the Termination Date, provided that the Executive submits all expenses
and supporting documentation required within sixty (60) days of the Termination Date and that such expenses are reimbursable
under Company policies then in effect (all of the foregoing, the “Final Compensation”). Except as
otherwise provided in the foregoing clause (iii), the Final Compensation will be paid to the Executive immediately upon
termination of employment.

 

5.2 Severance
Payments. In the event the Executive’s employment is terminated by the Company without Cause or by the Executive
for Good Reason, subject to the provisions of Section 5.3, the Company will pay the Executive, in addition to the
Final Compensation, severance payments as provided in this Section 5.2 (collectively, the “Severance
Payments”).

 

(a) Termination
Other than in Connection with a Change of Control. Except as otherwise provided in Section 5.2(b), the Severance
Payments will include (i) payment in an amount equal to nine (9) months’ Base Salary, payable in the form of salary continuation
in accordance with the ordinary payroll practices of the Company over the nine (9) months following the Termination Date; (ii)
payment of any earned but unpaid Annual Bonus for the fiscal year preceding the year in which the termination occurs, payable
at the same time bonuses otherwise are paid to active employees of the Company; and (iii) if the Executive timely and properly
elects to receive benefits under the Consolidated Omnibus Budget Reconciliation Act or similar state law (“COBRA”)
and the premium subsidy described herein is permissible under applicable law, COBRA premium subsidy payments at the rate of the
Company’s normal contribution for active employees at the Executive’s coverage level as in effect immediately prior
to the Executive’s termination, payable in the form of salary continuation in accordance with the ordinary payroll practices
of the Company until the earlier of (A) nine (9) months following the Termination Date and (B) the first date on which the Executive
is no longer eligible for COBRA coverage, otherwise ceases to participate in the Company’s benefit plans or becomes eligible
to receive health insurance coverage from another employer.

 

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(b) Termination
in Connection with a Change of Control. Notwithstanding the provisions of Section 5.2(a), in the event such
termination occurs within the three (3) months prior to or twelve (12) months following the date of a Change of Control (and
in the case of a termination by the Company without Cause that occurs prior to such Change of Control, solely to the extent
such termination results from the request of another party to the Change of Control transaction), the Severance Payments will
include (i) payment in an amount equal to (A) twelve (12) months’ Base Salary plus (B) the target amount of the Annual
Bonus for the fiscal year in which the termination occurs, payable in the form of salary continuation in accordance with the
ordinary payroll practices of the Company over the twelve (12) months following the Termination Date; (ii) payment of any
earned but unpaid Annual Bonus for the fiscal year preceding the year in which the termination occurs, payable at the same
time bonuses otherwise are paid to active employees of the Company; (iii) if the
Executive timely and properly elects to receive benefits under COBRA and the premium subsidy described herein is permissible
under applicable law, COBRA premium subsidy payments at the rate of the Company’s normal contribution for active
employees at the Executive’s coverage level as in effect immediately prior to the Executive’s termination,
payable in the form of salary continuation in accordance with the ordinary payroll practices of the Company until the earlier
of (A) twelve (12) months following the Termination Date and (B) the first date on which the Executive is no longer eligible
for COBRA coverage, otherwise ceases to participate in the Company’s benefit plans or becomes eligible to receive
health insurance coverage from another employer; and (iv) notwithstanding anything
to the contrary in the Company’s incentive equity plans or any applicable award agreement, the Executive’s equity
awards under such plans that are outstanding and unvested as of the Termination Date will become fully vested effective as of
the Release Date (as defined below).

 

5.3 Conditions
to and Timing of the Severance Payments. Any obligation of the Company to provide the Severance Payments is conditioned
on the Executive signing and returning to the Company, without revocation, a timely and effective separation agreement
containing a general release of claims and other customary terms in the form provided by the Company to the Executive at the
time the Executive’s employment terminates (the “Separation Agreement”), which will contain no
additional restrictive covenants beyond those set forth in this Agreement. The Separation Agreement must become effective, if
at all, by the sixtieth (60th) calendar day following the Termination Date (the date the Separation Agreement so becomes
effective, the “Release Date”).Provided the foregoing conditions are satisfied, the first installment of
the Severance Payments will be paid on the Company’s next regular payroll date at least five (5) business days
following the Release Date, the amount of which will be retroactive to the Termination Date. Any obligation of the Company to
provide or continue the Severance Payments, and the Executive’s right to retain the same,
in each case, are expressly conditioned upon the Executive’s continued full performance of the Executive’s
obligations under Section 3.

 

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5.4 Benefits
Termination. Except for any right the Executive may have under COBRA or other applicable law to continue participation in
the Company’s group health and dental plans at the Executive’s own cost, the Executive’s participation in
all employee benefit plans will terminate in accordance with the terms of the applicable benefit plans based on the
Termination Date, without regard to any continuation of the Base Salary or other payment to the Executive following such
termination, and the Executive will not be eligible to earn vacation or other paid time off following such termination.

 

5.5 Survival.
The provisions of this Agreement will survive any termination of employment if so provided in this Agreement or if necessary
or desirable to accomplish the purposes of other surviving provisions, including, without limitation, the Executive’s
obligations under Section 3. Upon termination by either the Executive or the Company, all rights, duties and
obligations of the Executive and the Company to each other will cease, except as otherwise expressly provided in this
Agreement.

 

6. CERTAIN DEFINITIONS

 

For purposes of this Agreement, the following definitions
apply:

 

“Affiliate”
means any person or entity directly or indirectly controlling, controlled by or under common control with the Company, where control
may be by management authority, equity interest or otherwise.

 

“Board”
means the board of directors of the Company or any committee thereof, as applicable.

 

“Change of
Control” has the meaning ascribed to such term in the Company’s 2021 Equity Incentive Plan.

 

“Code”
means the Internal Revenue Code of 1986, as amended, together with the regulations and guidance promulgated thereunder.

 

“Confidential
Information” means any and all information of the Company and its Affiliates that is not generally available to the
public. Confidential Information also includes any information received by the Company or any of its Affiliates from any Person
with any understanding, express or implied, that it will not be disclosed. Confidential Information does not include information
that enters the public domain other than through the Executive’s breach of the Executive’s obligations under this
Agreement or any other agreement between the Executive and the Company or any of its Affiliates.

 

“Intellectual
Property” means all Inventions conceived, made, created, developed or reduced to practice by the Executive (whether
alone or with others, whether or not during normal business hours or on or off Company premises) during the Executive’s
employment that relate either to the business of the Company or any of its Affiliates or to any prospective activity of the Company
or any of its Affiliates or that result from any work performed by the Executive for the Company or any of its Affiliates or that
make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates.

 

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“Invention”
means any invention, discovery, design, development, improvement, method, process, procedure, plan, project, system, technique,
strategy, information, composition, know-how, work, concept or idea, or any modification or derivative of any of the foregoing
(whether or not patentable or copyrightable or constituting a trade secret).

 

“Person”
means an individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust or any other
entity or organization, other than the Company or any of its Affiliates.

 

7. NO CONFLICTING
AGREEMENTS

 

The Executive hereby
represents and warrants that the signing of this Agreement and the performance of the Executive’s obligations hereunder will
not breach or be in conflict with any other agreement to which the Executive is a party or by which the Executive is bound, and
that the Executive is not now subject to any covenants against competition or similar covenants or any court order that could affect
the performance of the Executive’s obligations hereunder. The Executive agrees that the Executive will not disclose to or
use on behalf of the Company any confidential or proprietary information of a third party without that party’s consent.

 

8. TIMING OF PAYMENTS
AND SECTION 409A

 

8.1 Separation from Service. For
purposes of this Agreement, all references to “termination of employment” and correlative phrases will be
construed to require a “separation from service” (as defined in Treasury Regulation § 1.409A-1(h) after
giving effect to the presumptions contained therein), and the term “specified employee” means an individual
determined by the Company to be a specified employee under Treasury Regulation § 1.409A-1(i).

 

8.2 Specified Employee. Notwithstanding
anything to the contrary in this Agreement, if at the time the Executive’s employment terminates the Executive is a
specified employee, any and all amounts payable under this Agreement on account of such separation from service that would
(but for this provision) be payable within six (6) months following the Termination Date instead will be paid on the next
business day following the expiration of such six- (6) month period or, if earlier, upon the Executive’s death; except
(i) to the extent of amounts that do not constitute a deferral of compensation within the meaning of Treasury regulation
§ 1.409A-1(b) (including, without limitation, by reason of the safe harbor set forth in Treasury Regulation §
1.409A-1(b)(9)(iii), as determined by the Company in its reasonable good faith discretion); (ii) benefits that qualify as
excepted welfare benefits pursuant to Treasury Regulation § 1.409A-1(a)(5); or (iii) other amounts or benefits that are
not subject to the requirements of Section 409A of the Code (“Section 409A”).

 

8.3 Separate
Payments. Each payment made under this Agreement will be treated as a separate payment and the right to a series of installment
payments under this Agreement is to be treated as a right to a series of separate payments.

 

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8.4 Change
of Control. Notwithstanding anything to the contrary in this Agreement, with respect to any payment hereunder that
constitutes nonqualified deferred compensation within the meaning of Section 409A and that is payable upon a change of
control of the Company or other similar event, to the extent required to avoid the imposition of any additional tax, interest
or penalty under Section 409A, no amount will be payable unless such change of control constitutes a “change in control
event” within the meaning of Treasury Regulation § 1.409A-3(i)(5).

 

8.5 Limitation
of Liability. This Agreement and the payments and benefits hereunder are intended to comply with, or be exempt from, the
requirements of Section 409A, and the provisions of this Agreement will be interpreted and administered accordingly.
Notwithstanding the foregoing, in no event will the Company have any liability relating to the failure or alleged failure of
any payment or benefit hereunder to comply with, or be exempt from, such requirements.

 

9. SECTION 280G

 

Notwithstanding anything
to the contrary in this Agreement or in any other agreement between the Executive and the Company or any of its Affiliates, in
the event the Executive becomes or is deemed to become entitled to payments or benefits in connection with a Change of Control,
the termination of the Executive’s employment with the Company or otherwise, whether pursuant to the terms of this Agreement
or otherwise (in the aggregate, the “280G Payments”), that, in the aggregate, are deemed to constitute “parachute
payments” within the meaning of Section 280G of the Code (“Section 280G”) and, but for the application
of this Section 9, would be subject to the excise tax imposed under Section 4999 of the Code (the “Excise Tax”),
then, solely to the extent such reduction would result in a more favorable after-tax outcome for the Executive, the amount of
the 280G Payments will be reduced to the minimum extent necessary to ensure that no portion of the 280G Payments is subject to
the Excise Tax. To the extent any payments are required to be so reduced, the payments due to the Executive will be reduced in
the following order, unless otherwise agreed and such agreement is in compliance with Section 409A: (i) payments that are payable
in cash, with amounts that are payable last reduced first; (ii) payments due in respect of any equity or equity derivatives included
at their full value under Section 280G (rather than their accelerated value); (iii) payments due in respect of any equity or equity
derivatives included at their accelerated value under Section 280G, with the highest values reduced first (as such values are
determined in accordance with Treasury Regulation § 1.280G-1, Q/A-24); and (iv) all other non-cash benefits. All determinations
pursuant to this Section 9 will be made by the Company in good faith and will be conclusive and binding on the Executive
for all purposes.

 

10. MISCELLANEOUS

 

10.1 Notices.
Any notices provided for in this Agreement will be in writing and will be effective when delivered in person or sent by the United
States mail, postage prepaid, return receipt requested, or by a reputable overnight delivery service, and addressed to the Executive
at the Executive’s last known address on the books of the Company or, in the case of the Company, to it at its principal
place of business, attention of the Chair of the Board, or to such other address as either party may specify by notice to the other
actually received.

 

    -11-

     

    

 

10.2 Withholding.
All payments made by the Company under this Agreement will be reduced by any tax or other amounts required to be withheld by the
Company to the extent required by applicable law.

 

10.3 Assignment.
Neither the Executive nor the Company may make any assignment of this Agreement or any interest in it, by operation of law or
otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights
and obligations under this Agreement without the Executive’s consent to one of its Affiliates (for the avoidance of doubt,
following the Closing, including Holicity Inc.) or to any Person with whom the Company hereafter effects a reorganization, consolidation
or merger, or to whom the Company hereafter transfers all or substantially all of its properties or assets. This Agreement will
inure to the benefit of and be binding upon the Executive and the Company and each of their respective successors, executors,
administrators, heirs and permitted assigns.

 

10.4 Severability.
If any portion or provision of this Agreement is declared illegal or unenforceable to any extent by a court of competent jurisdiction,
to any extent, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than
those as to which it is so declared illegal or unenforceable, will not be affected thereby, and each portion and provision of this
Agreement will be valid and enforceable to the fullest extent permitted by law.

 

10.5 Other Matters.
This Agreement sets forth the entire agreement and understanding between the parties hereto relating to the subject matter hereof,
and replaces all prior and contemporaneous communications, agreements and understandings, written or oral, relating to the same.
This Agreement may not be modified or amended, and no breach will be deemed to be waived, unless agreed to in writing by the Executive
and an expressly authorized representative of the Board. The headings and captions in this Agreement are for convenience only and
in no way define or describe the scope or content of any provision herein. This Agreement may be executed in counterparts (and
may be delivered by email or other electronic means), each of which will be an original and all of which together will constitute
one and the same instrument. This is a California contract and will be governed by and construed in accordance with the laws of
the State of California, without regard to any conflict of laws principles that would result in the application of the laws of
any other jurisdiction. The Executive and the Company agree to submit to the exclusive jurisdiction of the courts of or in the
State of California in connection with any dispute arising out of or otherwise related to this Agreement or the Executive’s
employment with the Company, in whole or in part, and agree that any such dispute will be brought and maintained solely in such
courts.

 

[Remainder of Page Intentionally Left Blank]

 

    -12-

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first written above.

 

	 	ASTRA SPACE, INC.
	 	 	 
	 	By:	/s/  Chris C. Kemp
	 	Name:  	Chris C. Kemp
	 	Title: 	Chief Executive Officer

 

	Accepted and agreed:	 
	 	 
	/s/ Kelyn Brannon	
	Kelyn Brannon	 

 

[Signature Page to Employment Agreement]

 

     

     

    

 

EXHIBIT
A

 

INVENTION ASSIGNMENT NOTICE

 

Notwithstanding anything
to the contrary therein, the provisions of Section 3.3 of the Employment Agreement to which this Invention Assignment Notice is
attached will not apply to any invention that qualifies fully for exclusion under the provisions of Section 2870 of the California
Labor Code. Following is the text of California Labor Code Section 2870:

 

CALIFORNIA LABOR CODE SECTION 2870

 

(a) Any
provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her
rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or
her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those
inventions that either:

 

		(1)	Relate at the time of conception or reduction to practice
of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer;
or

 

		(2)	Result from any work performed by the employee for the employer.

 

(b) To
the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded
from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is
unenforceable.Exhibit 10.11

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(this “Agreement”) is made and entered into as of February 1, 2021, by and between Astra Space, Inc. (the “Company”)
and Martin Attiq (the “Executive”), to be effective as of the Closing Date (the “Effective Date”),
as such term is defined in that certain Business Combination Agreement by and between Holicity Inc., Holicity Merger Sub Inc.
and the Company, dated as of the date hereof (the “Business Combination Agreement”). In the event the Closing
(as defined in the Business Combination Agreement) does not occur for any reason, this Agreement will be void and of no force
or effect.

 

WHEREAS, the Executive possesses
certain experience and expertise that qualifies the Executive to provide the direction and leadership required by the Company; and

 

WHEREAS, the Company desires
to continue to employ the Executive as Chief Business Officer of the Company following the Closing and the Executive wishes to accept
such employment;

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein and intending to be legally bound hereby, the Company and the Executive agree as follows:

 

1. EMPLOYMENT

 

 1.1 Position. Effective as of the Effective
Date, the Executive will be employed by the Company, on a full-time basis, as its Chief Business Officer. In addition, for so long as
the Executive is employed by the Company, the Executive will serve as a director or officer of one or more of the Company’s Affiliates
as may be required from time to time, in each case, without further compensation. Effective immediately upon termination of the Executive’s
employment for any reason, the Executive will be deemed to have resigned from all such positions and offices the Executive may then hold
at the Company or any of its Affiliates.

 

1.2 Duties.
The Executive agrees to perform the duties of the Executive’s position and such other duties as may reasonably be assigned
to the Executive from time to time. The Executive also agrees that, while employed by the Company, the Executive will devote the
Executive’s full business time and best efforts, business judgment, skill and knowledge to the advancement of the business
interests of the Company and its Affiliates and to the discharge of the Executive’s duties and responsibilities for them;
provided, that the Executive’s service as a director, trustee or committee member of civic or charitable organizations
will not be in violation of the foregoing, in each case, to the extent such service does not interfere with the effective discharge
of the Executive’s duties and responsibilities hereunder, create a conflict of interest or violate the Executive’s
obligations under Section 3 hereof.

 

 1.3 Compliance with Policy. The Executive agrees
that, while employed by the Company, the Executive will comply with all applicable policies, practices and procedures, and codes of ethics
or business conduct of the Company or any of its Affiliates, as in effect from time to time.

 

     

     

    

 

2. COMPENSATION AND BENEFITS

 

During the Executive’s
employment hereunder, as compensation for all services performed by the Executive for the Company and its Affiliates, the Company will
provide the Executive the following compensation and benefits:

 

2.1 Base Salary.
From and after the Effective Date, the Company will pay the Executive a base salary at the rate of $500,000 per year, payable
in accordance with the ordinary payroll practices of the Company and subject to adjustment from time to time by the Board in its
discretion (as adjusted from time to time, the “Base Salary”).

 

 2.2 Employee Benefits. The Executive will be
entitled to participate in all employee benefit plans as in effect from time to time for employees of the Company generally, except to
the extent such plans are duplicative of benefits otherwise provided to the Executive under this Agreement. The Executive’s participation
will be subject to the terms of the applicable plan documents and generally applicable Company policies, as the same may be in effect
from time to time, and any other restrictions or limitations imposed by law.

 

 2.3 Vacations. The Executive will be eligible
to accrue vacation time in accordance with the policies of the Company as in effect from time to time, which vacation time will be in
addition to any holidays observed by the Company. Vacation may be taken at such times and intervals as the Executive determines, subject
to the business needs of the Company. Vacation otherwise will be subject to the policies of the Company as in effect from time to time.

 

 2.4 Business Expenses. The Company will pay
or reimburse the Executive for all reasonable business expenses incurred or paid by the Executive in the performance of the Executive’s
duties and responsibilities hereunder, subject to any expense reimbursement policies of the Company as in effect from time to time and
to such reasonable substantiation and documentation as may be specified by the Company from time to time. The Executive’s right
to payment or reimbursement hereunder will be subject to the following additional rules: (i) the amount of expenses eligible for payment
or reimbursement during any calendar year will not affect the expenses eligible for payment or reimbursement in any other calendar year;
(ii) payment or reimbursement will be made not later than December 31 of the calendar year following the calendar year in which the expense
was incurred; and (iii) the right to payment or reimbursement will not be subject to liquidation or exchange for any other benefit.

 

    -2- 

     

    

 

3. CONFIDENTIAL INFORMATION
AND RESTRICTED ACTIVITIES

 

3.1 Confidential
Information. During the course of the Executive’s employment with the Company, the Executive has learned and will continue
to learn of Confidential Information and has developed and will continue to develop Confidential Information on behalf of the
Company and its Affiliates. The Executive agrees not to use or disclose to any Person (except as required or permitted by applicable
law or for the proper performance of the Executive’s regular duties and responsibilities for the Company) any Confidential
Information obtained by the Executive incident to the Executive’s employment or any other association with the Company or
any of its Affiliates (including, for the avoidance of doubt, any such information acquired with respect to the Executive’s
employment with Astra Space, Inc. prior to the Effective Date). The Executive agrees that this restriction will continue to apply
after the Executive’s employment terminates, regardless of the reason for such termination. For the avoidance of doubt,
(i) nothing contained in this Agreement limits, restricts or in any other way affects the Executive’s communicating with
any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning
matters relevant to such governmental agency or entity; and (ii) the Executive will not be held criminally or civilly liable under
any federal or state trade secret law for disclosing a trade secret (A) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation
of law, or (B) in a complaint or other document filed under seal in a lawsuit or other proceeding, provided, however,
that notwithstanding this immunity from liability, the Executive may be held liable if the Executive unlawfully accesses or discloses
trade secrets by unauthorized means.

 

3.2 Protection
of Documents. All documents, records and files, in any media of whatever kind and description, relating to the business, present
or otherwise, of the Company or any of its Affiliates, and any copies, in whole or in part, thereof (the “Documents”),
whether or not prepared by the Executive, will be the sole and exclusive property of the Company. The Executive agrees to safeguard
all Documents and to surrender to the Company, at the time the Executive’s employment terminates or at such earlier time
or times as the Board or its designee may specify, all Documents then in the Executive’s possession or control. The Executive
also agrees to disclose to the Company, at the time the Executive’s employment terminates or at such earlier time or times
as the Board or its designee may specify, all passwords necessary to obtain access to any Confidential Information or Company
information that the Executive has password-protected on any computer equipment, network or system of the Company or any of its
Affiliates.

 

 3.3 Assignment of Rights to Intellectual Property.
The Executive will promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign
to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all Intellectual
Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights
and to do such other acts (including, without limitation, the execution and delivery of instruments of further assurance or confirmation
and the provision of good faith testimony in person or by declaration or affidavit) requested by the Company to assign the Intellectual
Property to the Company (or as otherwise directed by the Company) and to permit the Company to secure, prosecute and enforce any patents,
copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Company or any of its Affiliates
for time spent in complying with these obligations. All copyrightable works that the Executive creates during the Executive’s employment
will be considered “work made for hire” and will, upon creation, be owned exclusively by the Company. Notwithstanding anything
to the contrary herein, the Executive acknowledges and agrees that the provisions of this Section 3.3 will not apply to any Invention
that qualifies fully for exclusion under the provisions of Section 2870 of the California Labor Code, the terms of which are set forth
in Exhibit A attached hereto.

 

    -3- 

     

    

 

 3.4 Restricted Activities. The Executive agrees
to the following restrictions on the Executive’s activities during and, to the extent applicable, after the Executive’s employment,
and further agrees that such restrictions are necessary to protect the goodwill, Confidential Information, trade secrets and other legitimate
interests of the Company and its Affiliates:

 

(a) Non-Competition.
While the Executive is employed by the Company, the Executive will not, directly or indirectly, whether as an owner, partner, investor,
consultant, agent, employee, co-venturer or otherwise, compete with, undertake any planning to compete with, or assist or encourage any
other Person in competing with or undertaking any planning to compete with, the Company or any of its Affiliates. Specifically, but without
limiting the foregoing, the Executive agrees not to work for or provide services to, in any capacity, whether with or without compensation,
any Person that is engaged in any business anywhere that is competitive with the business of the Company or any of its Affiliates, as
conducted or in active planning at any time during the Executive’s employment with the Company.

 

(b) Non-Solicitation
of Business Partners. While the Executive is employed by the Company, the Executive will not, directly or indirectly, and will
not assist or encourage any other Person to, (i) solicit or encourage any customer, vendor, supplier or other business partner of the
Company or any of its Affiliates to terminate, diminish or otherwise change in any manner adverse to the Company or any of its Affiliates
his, her or its relationship with any of them; or (ii) seek to persuade any such customer, vendor, supplier or business partner, or any
prospective customer, vendor, supplier or business partner of the Company or any of its Affiliates, to conduct with anyone else any business
or activity that such Person conducts or could conduct with the Company or any of its Affiliates.

 

(c)
Non-Solicitation of Employees and Other Service Providers. While the Executive is employed by the Company, except as required
for the proper performance of the Executive’s regular duties and responsibilities hereunder, the Executive will not, directly
or indirectly, and will not assist or encourage any other Person to, hire or engage any employee of the Company or any of its
Affiliates. While the Executive is employed by the Company, except as required for the proper performance of the Executive’s
regular duties and responsibilities hereunder, and during the twelve- (12) month period immediately following termination of the
Executive’s employment, regardless of the reason therefor (in the aggregate, the “Non-Solicitation Period”),
the Executive will not, directly or indirectly, and will not assist or encourage any other Person to, (i) solicit for hiring or
engagement any employee of the Company or any of its Affiliates or seek to persuade any such employee to discontinue employment;
or (ii) solicit or encourage any independent contractor providing services to the Company or any of its Affiliates to terminate,
diminish or otherwise change in any manner adverse to the Company or any of its Affiliates his, her or its relationship with any
of them. For purposes of this Section 3.4(c), an “employee” or “independent contractor” of the
Company or any of its Affiliates is any Person who was such at any time during the twelve- (12) month period immediately preceding
the activity restricted by this Section 3.4(c).

 

(d)
Non-Disparagement. Subject to the provisions of Section 3.1, while the Executive is employed by the Company and
at all times following termination of the Executive’s employment, regardless of the reason therefor, the Executive will
not, directly or indirectly, disparage or criticize the Company or any of its Affiliates, their respective businesses, management,
employees, officers, directors, customers, products or services, and the Executive otherwise will not do or say anything that
could disrupt the good morale of employees of the Company or any of its Affiliates or harm the interests or reputation of the
Company or any of its Affiliates. The Company will not disparage or criticize the Executive in authorized public statements, and
will instruct its senior-level executives and members of the Board not to, directly or indirectly, disparage or criticize the
Executive to any Person following termination of the Executive’s employment hereunder.

 

    -4- 

     

    

 

3.5 Enforcement.
In signing this Agreement, the Executive gives the Company assurance that the Executive has carefully read and considered all
the terms and conditions of this Agreement, including the restraints imposed on the Executive under this Section 3, that
the Executive has not relied on any agreements or representations, express or implied, that are not set forth expressly in this
Agreement, and that the Executive has entered into this Agreement knowingly and voluntarily. The Executive agrees that these restraints
are necessary for the reasonable and proper protection of the Company and its Affiliates, and that each and every one of the restraints
is reasonable in respect to subject matter, length of time and geographic area. The Executive further agrees that, were the Executive
to breach any of the covenants contained in this Section 3, the damage to the Company and its Affiliates would be irreparable.
The Executive therefore agrees that the Company, in addition and not in the alternative to any other remedies available to it,
will be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by the Executive of any
such covenants, without having to post bond. So that the Company may enjoy the full benefit of the covenants contained in Section
3.4(c), the Executive further agrees that the Non-Solicitation Period will be tolled, and will not run, during the period
of any breach by the Executive of the covenants contained therein. In the event that any provision of this Section 3 is
determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too
large a geographic area or too great a range of activities, that provision will be deemed to be modified to permit its enforcement
to the maximum extent permitted by law. It is also agreed that each of the Company’s Affiliates will have the right to enforce
all of the Executive’s obligations to that Affiliate under this Agreement, including, without limitation, pursuant to this
Section 3. No claimed breach of this Agreement or other violation of law attributed to the Company or any of its Affiliates,
or change in the nature or scope of the Executive’s employment or other relationship with the Company or any of its Affiliates,
will operate to excuse the Executive from the performance of the Executive’s obligations under this Section 3.

 

4. TERMINATION OF EMPLOYMENT

 

The Executive’s employment
under this Agreement will continue until terminated pursuant to this Section 4.

 

4.1 In General.
The Executive’s employment may be terminated by the Company or by the Executive at any time upon sixty (60) days’
prior written notice to the other party; provided, however, that the Board may elect to waive such notice period
or any portion thereof, in which case the Company will continue to pay the Base Salary for that portion of the notice period so
waived.

 

    -5- 

     

    

 

4.2 Termination
by the Company for Cause. Notwithstanding the provisions of Section 4.1, the Company may terminate the Executive’s
employment immediately for Cause upon written notice to the Executive setting forth in reasonable detail the nature of the Cause.
For purposes of this Agreement, “Cause” means the occurrence of any of the following, as determined by the
Board in its reasonable judgment: (i) the Executive’s material failure to perform (other than by reason of disability),
or substantial misconduct in the performance of, the Executive’s duties and responsibilities for the Company or any of its
Affiliates which causes material harm to the Company; (ii) the Executive’s material and demonstrable breach of any provision
of Section 3 or of any other confidentiality, invention assignment or other restrictive covenant obligation set forth in
any written agreement by and between the Executive and the Company or any of its Affiliates; (iii) the Executive’s material
and demonstrable breach of any other provision of this Agreement or any other written agreement by and between the Executive and
the Company or any of its Affiliates; (iv) the Executive’s material violation of any applicable policy or code of conduct
of the Company or any of its Affiliates, which violation causes material reputational or financial harm to the Company; or (v)
the Executive’s indictment for, or plea of nolo contendere to, any felony or any crime involving moral turpitude. Notwithstanding
anything to the contrary in the foregoing, a circumstance otherwise giving rise to Cause pursuant to the foregoing clause (i),
(ii), (iii) or (iv), if capable of cure, will not constitute Cause if cured by the Executive within ten (10) days following the
Company’s notice to the Executive thereof; provided, however, that the Company will not be required to provide
any such notice or opportunity to cure with respect to any subsequent substantially similar or related conduct.

 

 4.3 Resignation by the Executive for Good Reason.
Notwithstanding the provisions of Section 4.1, the Executive may terminate the Executive’s employment for Good Reason upon
written notice to the Company setting forth in reasonable detail the nature of the circumstances constituting Good Reason. For purposes
of this Agreement, “Good Reason” means the occurrence of any of the following without the Executive’s consent:
(i) a material reduction in Base Salary, other than an across-the-board reduction applicable to similarly situated executives of the Company;
(ii) a permanent relocation of the Executive’s principal place of business that increases the Executives commute by more than sixty
(60) miles in a single direction; or (iii) a material diminution of Executive’s duties, authorities or responsibilities; provided,
in each case, that (x) the Executive provides the Company with written notice of the circumstance constituting Good Reason within twenty
(20) days following the Executive’s first knowledge thereof, (y) the Company fails to cure such circumstance within twenty (20)
days following the receipt of such notice and (z) the Executive actually terminates employment within twenty (20) days following the expiration
of such cure period.

 

4.4 Death and
Disability. The Executive’s employment will terminate automatically in the event of the Executive’s death during
employment. The Company may terminate the Executive’s employment, upon notice to the Executive, in the event that the
Executive becomes disabled during the Executive’s employment hereunder through any illness, injury, accident or condition of
either a physical or psychological nature and, as a result, is unable to perform substantially all of the Executive’s duties
and responsibilities for the Company and its Affiliates (notwithstanding the provision of any reasonable accommodation) for a period
of ninety (90) days during any period of three hundred sixty-five (365) consecutive days. If any question arises as to whether the
Executive is disabled to the extent that the Executive is unable to perform substantially all of the Executive’s duties and
responsibilities hereunder, the Executive will, at the Company’s request, submit to a medical examination by a physician
selected by the Company, and to whom the Executive or the Executive’s guardian, if any, has no reasonable objection, to
determine whether the Executive is so disabled, and such determination will be conclusive of the issue for purposes of this
Agreement. If such a question arises and the Executive fails to submit to the requested medical examination, the Company’s
good faith, reasonable determination of the issue will be binding on the Executive.

 

    -6- 

     

    

 

5. OTHER MATTERS RELATED
TO TERMINATION

 

5.1 Final Compensation.
In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company will pay the Executive
(i) the Base Salary for the final payroll period of the Executive’s employment, through the date the Executive’s employment
terminates (the “Termination Date”); (ii) compensation at the rate of the Base Salary for any vacation time accrued
in accordance with the policies of the Company but not used as of the Termination Date; and (iii) reimbursement, in accordance with Section
2.4 hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the Termination Date, provided
that the Executive submits all expenses and supporting documentation required within sixty (60) days of the Termination Date and that
such expenses are reimbursable under Company policies then in effect (all of the foregoing, the “Final Compensation”).
Except as otherwise provided in the foregoing clause (iii), the Final Compensation will be paid to the Executive immediately upon termination
of employment.

 

5.2 Severance
Payments. In the event the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason,
subject to the provisions of Section 5.3, the Company will pay the Executive, in addition to the Final Compensation, severance
payments as provided in this Section 5.2 (collectively, the “Severance Payments”).

 

(a)
Termination Other than in Connection with a Change of Control. Except as otherwise provided in Section 5.2(b),
the Severance Payments will include (i) payment in an amount equal to nine (9) months’ Base Salary, payable in the form
of salary continuation in accordance with the ordinary payroll practices of the Company over the nine (9) months following the
Termination Date; and (ii) if the Executive timely and properly elects to receive benefits under the Consolidated Omnibus Budget
Reconciliation Act or similar state law (“COBRA”) and the premium subsidy described herein is permissible under
applicable law, COBRA premium subsidy payments at the rate of the Company’s normal contribution for active employees at
the Executive’s coverage level as in effect immediately prior to the Executive’s termination, payable in the form
of salary continuation in accordance with the ordinary payroll practices of the Company until the earlier of (A) nine (9) months
following the Termination Date and (B) the first date on which the Executive is no longer eligible for COBRA coverage, otherwise
ceases to participate in the Company’s benefit plans or becomes eligible to receive health insurance coverage from another
employer.

 

    -7- 

     

    

 

(b)
Termination in Connection with a Change of Control. Notwithstanding the provisions of Section 5.2(a), in the event
such termination occurs within the three (3) months prior to or twelve (12) months following the date of a Change of Control (and in
the case of a termination by the Company without Cause that occurs prior to such Change of Control, solely to the extent such
termination results from the request of another party to the Change of Control transaction), the Severance Payments will include (i)
payment in an amount equal to twelve (12) months’ Base Salary, payable in the form of salary continuation in accordance with
the ordinary payroll practices of the Company over the twelve (12) months following the Termination Date; (ii) if the Executive
timely and properly elects to receive benefits under COBRA and the premium subsidy described herein is permissible under applicable
law, COBRA premium subsidy payments at the rate of the Company’s normal contribution for active employees at the
Executive’s coverage level as in effect immediately prior to the Executive’s termination, payable in the form of salary
continuation in accordance with the ordinary payroll practices of the Company until the earlier of (A) twelve (12) months following
the Termination Date and (B) the first date on which the Executive is no longer eligible for COBRA coverage, otherwise ceases to
participate in the Company’s benefit plans or becomes eligible to receive health insurance coverage from another employer; and
(iii) notwithstanding anything to the contrary in the Company’s incentive equity plans or any applicable award agreement, the
Executive’s equity awards under such plans that are outstanding and unvested as of the Termination Date will become fully
vested effective as of the Release Date (as defined below).

 

5.3 Conditions
to and Timing of the Severance Payments. Any obligation of the Company to provide the Severance Payments is conditioned on
the Executive signing and returning to the Company, without revocation, a timely and effective separation agreement containing
a general release of claims and other customary terms in the form provided by the Company to the Executive at the time the Executive’s
employment terminates (the “Separation Agreement”), which will contain no additional restrictive covenants
beyond those set forth in this Agreement. The Separation Agreement must become effective, if at all, by the sixtieth (60th) calendar
day following the Termination Date (the date the Separation Agreement so becomes effective, the “Release Date”).
Provided the foregoing conditions are satisfied, the first installment of the Severance Payments will be paid on the Company’s
next regular payroll date at least five (5) business days following the Release Date, the amount of which will be retroactive
to the Termination Date. Any obligation of the Company to provide or continue the Severance Payments, and the Executive’s
right to retain the same, in each case, are expressly conditioned upon the Executive’s continued full performance of the
Executive’s obligations under Section 3.

 

 5.4 Benefits Termination. Except for any right
the Executive may have under COBRA or other applicable law to continue participation in the Company’s group health and dental plans
at the Executive’s own cost, the Executive’s participation in all employee benefit plans will terminate in accordance with
the terms of the applicable benefit plans based on the Termination Date, without regard to any continuation of the Base Salary or other
payment to the Executive following such termination, and the Executive will not be eligible to earn vacation or other paid time off following
such termination.

 

5.5 Survival.
The provisions of this Agreement will survive any termination of employment if so provided in this Agreement or if necessary or
desirable to accomplish the purposes of other surviving provisions, including, without limitation, the Executive’s obligations
under Section 3. Upon termination by either the Executive or the Company, all rights, duties and obligations of the Executive
and the Company to each other will cease, except as otherwise expressly provided in this Agreement.

 

    -8- 

     

    

 

6. CERTAIN DEFINITIONS

 

For purposes of this Agreement, the following definitions
apply:

 

“Affiliate”
means any person or entity directly or indirectly controlling, controlled by or under common control with the Company, where control may
be by management authority, equity interest or otherwise.

 

“Board”
means the board of directors of the Company or any committee thereof, as applicable.

 

“Change of Control”
has the meaning ascribed to such term in the Company’s 2021 Equity Incentive Plan.

 

“Code”
means the Internal Revenue Code of 1986, as amended, together with the regulations and guidance promulgated thereunder.

 

“Confidential Information”
means any and all information of the Company and its Affiliates that is not generally available to the public. Confidential Information
also includes any information received by the Company or any of its Affiliates from any Person with any understanding, express or implied,
that it will not be disclosed. Confidential Information does not include information that enters the public domain other than through
the Executive’s breach of the Executive’s obligations under this Agreement or any other agreement between the Executive and
the Company or any of its Affiliates.

 

“Intellectual Property”
means all Inventions conceived, made, created, developed or reduced to practice by the Executive (whether alone or with others, whether
or not during normal business hours or on or off Company premises) during the Executive’s employment that relate either to the business
of the Company or any of its Affiliates or to any prospective activity of the Company or any of its Affiliates or that result from any
work performed by the Executive for the Company or any of its Affiliates or that make use of Confidential Information or any of the equipment
or facilities of the Company or any of its Affiliates.

 

“Invention”
means any invention, discovery, design, development, improvement, method, process, procedure, plan, project, system, technique, strategy,
information, composition, know-how, work, concept or idea, or any modification or derivative of any of the foregoing (whether or not patentable
or copyrightable or constituting a trade secret).

 

“Person”
means an individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust or any other entity
or organization, other than the Company or any of its Affiliates.

 

7. NO CONFLICTING AGREEMENTS

 

The Executive hereby represents
and warrants that the signing of this Agreement and the performance of the Executive’s obligations hereunder will not breach or
be in conflict with any other agreement to which the Executive is a party or by which the Executive is bound, and that the Executive
is not now subject to any covenants against competition or similar covenants or any court order that could
affect the performance of the Executive’s obligations hereunder. The Executive agrees that the Executive will not disclose to or
use on behalf of the Company any confidential or proprietary information of a third party without that party’s consent.

 

    -9- 

     

    

 

8. TIMING OF PAYMENTS AND
SECTION 409A

 

 8.1 Separation from Service. For purposes of
this Agreement, all references to “termination of employment” and correlative phrases will be construed to require a “separation
from service” (as defined in Treasury Regulation § 1.409A-1(h) after giving effect to the presumptions contained therein),
and the term “specified employee” means an individual determined by the Company to be a specified employee under Treasury
Regulation § 1.409A-1(i).

 

8.2 Specified
Employee. Notwithstanding anything to the contrary in this Agreement, if at the time the Executive’s employment terminates
the Executive is a specified employee, any and all amounts payable under this Agreement on account of such separation from service
that would (but for this provision) be payable within six (6) months following the Termination Date instead will be paid on the
next business day following the expiration of such six- (6) month period or, if earlier, upon the Executive’s death; except
(i) to the extent of amounts that do not constitute a deferral of compensation within the meaning of Treasury regulation §
1.409A-1(b) (including, without limitation, by reason of the safe harbor set forth in Treasury Regulation § 1.409A-1(b)(9)(iii),
as determined by the Company in its reasonable good faith discretion); (ii) benefits that qualify as excepted welfare benefits
pursuant to Treasury Regulation § 1.409A-1(a)(5); or (iii) other amounts or benefits that are not subject to the requirements
of Section 409A of the Code (“Section 409A”).

 

 8.3 Separate Payments. Each payment made under
this Agreement will be treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated
as a right to a series of separate payments.

 

 8.4 Change of Control. Notwithstanding anything
to the contrary in this Agreement, with respect to any payment hereunder that constitutes nonqualified deferred compensation within the
meaning of Section 409A and that is payable upon a change of control of the Company or other similar event, to the extent required to
avoid the imposition of any additional tax, interest or penalty under Section 409A, no amount will be payable unless such change of control
constitutes a “change in control event” within the meaning of Treasury Regulation § 1.409A-3(i)(5).

 

 8.5 Limitation of Liability. This Agreement
and the payments and benefits hereunder are intended to comply with, or be exempt from, the requirements of Section 409A, and the provisions
of this Agreement will be interpreted and administered accordingly. Notwithstanding the foregoing, in no event will the Company have any
liability relating to the failure or alleged failure of any payment or benefit hereunder to comply with, or be exempt from, such requirements.

 

9. SECTION 280G

 

Notwithstanding anything
to the contrary in this Agreement or in any other agreement between the Executive and the Company or any of its Affiliates, in
the event the Executive becomes or is deemed to become entitled to payments or benefits in connection with a Change of Control,
the termination of the Executive’s employment with the Company or otherwise, whether pursuant to the terms of this Agreement
or otherwise (in the aggregate, the “280G Payments”), that, in the aggregate, are deemed to constitute “parachute
payments” within the meaning of Section 280G of the Code (“Section 280G”) and, but for the application
of this Section 9, would be subject to the excise tax imposed under Section 4999 of the Code (the “Excise Tax”),
then, solely to the extent such reduction would result in a more favorable after-tax outcome for the Executive, the amount of
the 280G Payments will be reduced to the minimum extent necessary to ensure that no portion of the 280G Payments is subject to
the Excise Tax. To the extent any payments are required to be so reduced, the payments due to the Executive will be reduced in
the following order, unless otherwise agreed and such agreement is in compliance with Section 409A: (i) payments that are payable
in cash, with amounts that are payable last reduced first; (ii) payments due in respect of any equity or equity derivatives included
at their full value under Section 280G (rather than their accelerated value); (iii) payments due in respect of any equity or equity
derivatives included at their accelerated value under Section 280G, with the highest values reduced first (as such values are
determined in accordance with Treasury Regulation § 1.280G-1, Q/A-24); and (iv) all other non-cash benefits. All determinations
pursuant to this Section 9 will be made by the Company in good faith and will be conclusive and binding on the Executive
for all purposes.

 

    -10- 

     

    

 

10. MISCELLANEOUS

 

10.1 Notices. Any notices
provided for in this Agreement will be in writing and will be effective when delivered in person or sent by the United States mail, postage
prepaid, return receipt requested, or by a reputable overnight delivery service, and addressed to the Executive at the Executive’s
last known address on the books of the Company or, in the case of the Company, to it at its principal place of business, attention of
the Chair of the Board, or to such other address as either party may specify by notice to the other actually received.

 

10.2 Withholding. All
payments made by the Company under this Agreement will be reduced by any tax or other amounts required to be withheld by the Company to
the extent required by applicable law.

 

10.3 Assignment.
Neither the Executive nor the Company may make any assignment of this Agreement or any interest in it, by operation of law or
otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights
and obligations under this Agreement without the Executive’s consent to one of its Affiliates (for the avoidance of doubt,
following the Closing, including Holicity Inc.) or to any Person with whom the Company hereafter effects a reorganization, consolidation
or merger, or to whom the Company hereafter transfers all or substantially all of its properties or assets. This Agreement will
inure to the benefit of and be binding upon the Executive and the Company and each of their respective successors, executors,
administrators, heirs and permitted assigns.

 

10.4 Severability.
If any portion or provision of this Agreement is declared illegal or unenforceable to any extent by a court of competent jurisdiction,
to any extent, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those
as to which it is so declared illegal or unenforceable, will not be affected thereby, and each portion and provision of this Agreement
will be valid and enforceable to the fullest extent permitted by law.

 

10.5 Other Matters.
This Agreement sets forth the entire agreement and understanding between the parties hereto relating to the subject matter hereof, and
replaces all prior and contemporaneous communications, agreements and understandings, written or oral, relating to the same. This Agreement
may not be modified or amended, and no breach will be deemed to be waived, unless agreed to in writing by the Executive and an expressly
authorized representative of the Board. The headings and captions in this Agreement are for convenience only and in no way define or describe
the scope or content of any provision herein. This Agreement may be executed in counterparts (and may be delivered by email or other electronic
means), each of which will be an original and all of which together will constitute one and the same instrument. This is a California
contract and will be governed by and construed in accordance with the laws of the State of California, without regard to any conflict
of laws principles that would result in the application of the laws of any other jurisdiction. The Executive and the Company agree to
submit to the exclusive jurisdiction of the courts of or in the State of California in connection with any dispute arising out of or otherwise
related to this Agreement or the Executive’s employment with the Company, in whole or in part, and agree that any such dispute will
be brought and maintained solely in such courts.

 

[Remainder of Page Intentionally Left Blank]

 

    -11- 

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first written above.

 

	 	ASTRA SPACE, INC.
	 	 	 
	 	By:	/s/ Chris C. Kemp
	 	Name:  	Chris C. Kemp
	 	Title:	Chief Executive Officer

 

	Accepted and agreed:	 
	 	 
	/s/ Martin Attiq	 
	Martin Attiq	 

 

[Signature Page to Employment Agreement]

 

     

     

    

 

EXHIBIT A

 

INVENTION ASSIGNMENT NOTICE

 

Notwithstanding anything to
the contrary therein, the provisions of Section 3.3 of the Employment Agreement to which this Invention Assignment Notice is attached
will not apply to any invention that qualifies fully for exclusion under the provisions of Section 2870 of the California Labor Code.
Following is the text of California Labor Code Section 2870:

 

CALIFORNIA LABOR CODE SECTION 2870

 

(a) Any provision
in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention
to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s
equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

		(1)	Relate at the time of conception or reduction to practice of the invention to the employer’s business,
or actual or demonstrably anticipated research or development of the employer; or

 

		(2)	Result from any work performed by the employee for the employer.

 

(b) To the extent
a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to
be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.

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