Document:

Exhibit 10.22

 

AUTONOMOUS REGION OF AZORES

Regional Secretariat for the Sea, Science and Technology

Office of the Regional Secretary

 

1. Cooperation Protocol

TEST AREA FOR PILOTED AIRCRAFT SYSTEMS

REMOTELY OF SANTA MARIA

Remotely Piloted Aircraft Systems, of the English RPAS or drones, are nowadays an instrument at the disposal of several areas of
work, in particular related to the inspection and monitoring of industrial structures, bridges, towers, as well as agricultural
fields, allowing for a collection of data in areas that are difficult to reach or in large tracts of terrain at reduced costs and
simple logistical operations.

The evolution of technologies has allowed for development of platforms with great autonomy, aimed at executing specific efforts,
and there is currently a need to utilize such systems in a marine environment, over oceanic geographic areas such as the Azores.

The airspace for flight testing and operation over the ocean presents some constraints, in particular the distance from the runways
to the test areas, airspace and traffic controls, and available airport infrastructure.

Another typical constraint, is that airspace is overloaded with commercial, private and military flights.

As a solution to counter the constraints above described, the Autonomous Region of the Azores, and in particular, the island of
Santa Maria, presents itself as a place of great potential and interest, for the testing, development, and operational flights,
since it possesses an airport with ample space, free lane hours, and complete infrastructures for the storage and preparation of
equipment and missions alike.

 

AUTONOMOUS REGION OF AZORES

Regional Secretariat for the Sea, Science and Technology

Office of the Regional Secretary

 

2. Operate, at a very
short distance from the sea, (the Oceanic environment), allowing for the execution of flight tests without overflight of urban
and populated areas.

Considering that the Regional Secretariat for the Sea, Science and Technology
is, at present,

the entity of the Regional Government of the Azores responsible for the experimental,
innovation, and technological modernization, and whereas NAV Portugal - Air Navigation of Portugal, E.P.E. has as mission to provide
Air Traffic Services in Flight Information (RIV) under the responsibility of the Portuguese State - Lisbon and Santa Maria - ensuring
compliance with the European and international regulations in full security, and optimizing capabilities and prioritizing efficiencies
without neglecting environmental concerns;

Considering that ANA - Aeroportos de Portugal, S.A. has the efficiency of the
airport infrastructures in its charge, and contributing to the economic, social and cultural development of the regionswhere it
is inserted;

Between the Regional Secretariat of the Sea, Science and Technology, taxpayer
no.

600086402, hereinafter referred to as SRMCT, represented by the Regional Secretariat
of the

Sea, Science and Technology, Fausto Costa Gomes de Brito and Abreu, holder of
the citizen documentation card no 08569167, valid until 02/10/2019, fiscal taxpayer no.
196520703, domiciled at the headquarters of his company, NAV Portugal-
Air Navigation of Portugal, E.P.E., taxpayer no. 504448064, also listed below NAV, represented by the Chairman of the Board of
Directors,Albano Manuel Carvalho Coutinho, bearer of citizen card # 05932086, valid until 08/12/2019, taxpayer no. 185614400, with
professional domicile at its registered office, and ANA - Aeroportos de Portugal, S.A., a taxpayer No. 500700834, hereinafter referred
to as ANA, represented by the Director of Airports of the Azores, José Luiz Martins Alves, bearer of citizen's card no.4869045,
valid until 05/24/2019, taxpayer no. 103005854, along with AUTONOMOUS REGION OF AZORES Regional Secretariat for the Sea, Science
and Technology, Office of the Regional Secretary with professional domicile at the registered office of its representative, this
Protocol shall be the basis of cooperation, which is governed by the following clauses:

 

    	 		

     

    

 

Clause 1

The purpose of this Cooperation Protocol is to ensure the conditions to promote the use of Santa Maria airport by technology companies
using Remotely Piloted Aircraft Systems, and define the air space testing areas for such aircraft in the island Santa Maria, within
the archipelago

of the Azores.

 

Clause 2

1 - The SRMCT undertakes, within the scope of its attributions and competences,
to facilitate and expedite the use of the Testing Area for RPAS in the island of Santa Maria.

2 - SRMCT undertakes, within the scope of its duties and powers, to provide support
in the development of test scenarios with real objectives for the use of RPAS, in particular with regard to the inspection and
inspection of maritime areas, in particular Fisheries, and monitoring and monitoring of the Azores Sea.

3 - SRMCT also undertakes, within the scope of its attributions and competences,
to encourage the use of new technologies in the area of ​​RPAS.

Clause 3

NAV undertakes, within the scope of the Cooperation Protocol defining the RPAS
Test Area, to facilitate and establish reserved airspaces and periods of use to enable flights and test development of systems,
equipment and related components developed by the NAV. Drone USA, pursuant to Clause 3 of the Protocol concluded between SRMCT,
NAV and ANA.

Clause 4

ANA undertakes, within the scope of the Cooperation Protocol defining the RPAS Area, to facilitate and establish periods of use
of runway spaces, parking spaces and other spaces at the Santa Maria airport, as well as other local infrastructures To enable
flights and test development of the systems, equipment and related components developed by Drone USA pursuant to Clause 4 of the
Protocol between SRMCT, NAV and ANA.

    	 		

     

    

 

Clause 5

1 – Drone USA undertakes, within the framework of the Cooperation Protocol now signed, to comply with the conditions for
the use of reserved airspaces and the periods of use previously defined by NAV, as well as of the runway, apron and parking spaces.
Other areas of the Santa Maria airport, as well as other local infrastructures defined by ANA.

2 – Drone USA undertakes to ensure compliance with all safety and identification standards for the use of RPAS, as defined
by NAV and ANA, as well as those that may be established or determined by the National Authority Of Civil Aviation, ANAC.

3 – Drone USA will assure the costs of use of this area and infrastructures, to be defined by NAV and ANA, as agreed between
the parties.

Clause 6

SRMCT, NAV, ANA and Drone USA will be able to promote to the media the test operations that take place, giving notice to the other
grantors of the released press releases.

Clause 7

The granting parties are also obliged to comply with the applicable environmental legislation in carrying out the tests and operations
carried out, as well as in the use of all equipment, including sensors.

Clause 8

The parties granting this Protocol are obliged to keep confidential all technical and operational information of the equipment,
systems, sensors, and tests to be performed.

Clause 9

1 - This Protocol may be terminated unilaterally by SRMCT, NAV or ANA, jointly or individually, if Drone USA does not meet promptly
and exactly the obligations arising from it and do not leave the default situation within the time limit. 15 days after the written
notification with notice of receipt that the Party that wishes to terminate the Protocol addresses, for this purpose

2 - The termination shall take effect on the business day following the receipt by Drone USA of registered letter with acknowledgment
of receipt sent to that effect by the Party or Parties that have terminated it.

3 - Termination against Drone USA shall have the effect of forfeiting the effects of this Protocol in relation to the other Parties.

Clause 10

This Protocol shall take effect on the date of its signature, which shall be in force for a period of 5 years, automatically renewed
for annual periods if it is not denounced by either party at least 180 days before its initial term or Of each of its renewals.

Vila do Porto, date, 2016

	/s/
    Fausto Costa Gomes de Brito and Abreu	 
	SRMCT    Regional
    Secretary of the Sea, Science and Techonolgy	 
	 	 
	NAV	 
	/s/
    Albano Manuel Carvalho Coutinho, Chairman of the Board	 
	/s/
    Pawlo Ferro	 
	Drone USA.LMI Aerospace, Inc. 8-K

 

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(“Agreement”) is entered into between LMI Aerospace, INc.
(“Employer”) and DANIEL G. KORTE (“Executive”).

 

1.          Purpose
and Employment. The purpose of this Agreement is to define the relationship between Employer as an employer and Executive as
an employee of Employer. Employer hereby employs Executive, and Executive hereby accepts employment with Employer upon all of the
terms and conditions set forth in this Agreement.

 

2.          Duties
and Position.

 

A.          Position.
Employer hereby employs Executive as its Chief Executive Officer, reporting to the Chief Executive Officer of Employer’s
parent entity, Sonaca S.A. (“Parent”). Executive’s title and/or reporting structure may be modified
by the Parent during Executive’s employment, subject to Section 5(C)2.

 

B.          Duties.
Executive shall perform and discharge well and faithfully, on behalf of Employer and its subsidiaries, duties commensurate with
the position of Chief Executive Officer. Executive shall also perform any such other and further duties, responsibilities, and
functions, at such locations, and in such manner as may be specified from time to time by the Parent during Executive’s employment.

 

C.          Duty
of Loyalty. Executive agrees to devote so much of Executive’s time, attention and energies to the business of Employer
as is necessary for the successful operation of Employer and shall endeavor at all times to improve the business of Employer. Executive
shall not engage in any other business activities without the advance written consent of Employer. Such consent by Employer shall
not be unreasonably withheld provided that such other business activities do not detract from or violate Executive’s duties
for and obligations to Employer.

 

D.          Compliance
with Employer Policies. Executive agrees to comply with and be subject to all of Employer’s policies and procedures,
including reasonable amendments to such policies and procedures adopted by Employer during the term of Executive’s employment,
as well as such reasonable rules and regulations as are adopted from time to time by Employer.

 

3.          Term.
The term of Executive’s employment under this Agreement shall commence at the Effective Time, as defined in that certain
Agreement and Plan of Merger, dated as of February 16, 2017, by and between Sonaca S.A., Sonaca USA Inc., Luminance Merger Sub,
Inc. and LMI Aerospace Inc. (“Effective Date”) and shall continue until terminated by either Party in
accordance with the terms of this Agreement (“Term”). Each full year of the Term shall be referred to
herein as a “Term Year.”

 

Employment Agreement

 

    	Page 1 

     

    

 

4.          Compensation

 

A.          Base
Salary. For all services to be rendered by Executive in any capacity hereunder, Executive shall be entitled to receive from
Employer an annual “Base Salary” in the amount of Five Hundred Fifteen Thousand Dollars ($515,000.00).
Executive’s Base Salary shall be increased by at least three percent (3%) each Term Year. Such Base Salary, as so increased,
shall constitute “Base Salary” hereunder. The then current Base Salary shall not be reduced during the
Term. All payments of Base Salary shall be paid in accordance with Employer’s normal payroll procedures and shall be less
any authorized or required payroll deductions. In the event this Agreement is in effect for only a portion of any particular year,
the amount of Executive’s Base Salary for that year shall be prorated on the basis of the actual number of pay periods during
such year that this Agreement was in effect.

 

		B.	Bonuses and Incentives.

 

1.          Initial
Bonus: Executive shall be entitled to an initial bonus in the amount of Seven Hundred Fifty Thousand Dollars ($750,000.00)
(“Initial Bonus”). The Initial Bonus shall be paid within five (5) calendar days of Closing and shall
be less such amounts are required to be withheld by law. Executive acknowledges that the Initial Bonus is in full satisfaction
of any obligation of the Employer to award a Long-Term Incentive (as defined in the Prior Employment Agreement) under the Prior
Employment Agreement.

 

2.          Annual
Performance Bonus: Executive shall be eligible for annual bonuses each calendar year (each an “Annual Performance
Bonus”) beginning with calendar year 2017. The Annual Performance Bonuses shall be equal to not less than fifty percent
(50%) of the then current annual Base Salary and up to one hundred and ten percent (110%) of the then current annual Base Salary,
provided that LMI and Sonaca Group meet certain performance objectives for the subject calendar year, which objectives shall be
determined and agreed upon between Executive and Employer no later than sixty (60) days after the start of each calendar year.
The performance objectives for 2017 are attached as Exhibit A hereto. In no event shall Employer be obligated to pay Executive
any Annual Performance Bonus if minimum performance goals are not achieved. Each Annual Performance Bonus shall be paid in the
following calendar year on or before March 15 and shall be less such amounts as are required to be withheld by law. In the event
of a Qualifying Termination (defined in Section 5 below) or upon Executive’s death or termination as a result of Executive’s
disability, Executive shall be entitled to a prorated amount of the Annual Performance Bonus for the calendar year in which the
Qualifying Termination occurred which shall be paid to Executive no later than March 15th of the year following the year in which
the Qualifying Termination occurred.

 

Employment Agreement

 

    	Page 2 

     

    

 

3.          Annual
Incentive Payment: Executive shall be entitled to an annual incentive payment for each calendar year (each an “Annual
Incentive Payment”) beginning with calendar year 2018. The Annual Incentive Payment for each calendar year shall
be equal to three quarters times (.75 x) the prior year’s annual Base Salary. Each Annual Incentive Payment shall vest in
three (3) installments, the first installment of which will vest on the last day of the calendar year to which it pertains and
the second and third installments of which will vest on the last day of the two (2) successive calendar years immediately following
the calendar year to which the Annual Incentive Payment pertains (each a “Vesting Date”), provided that
Executive is employed on the Vesting Date. Each Annual Incentive Payment shall be paid over a three (3) year period beginning on
January 30 of the three (3) successive calendar years immediately following each Vesting Date. For purposes of illustration, the
Annual Incentive Payment for calendar year 2018 will equal $386,250.00 ($515,000.00 (prior year’s annual Base Salary) times
three quarters (.75)), which will vest in three (3) installments on December 31, 2018, December 31, 2019, and December 31, 2020,
and will be paid in three (3) equal installments of $128,750.00 on January 30, 2019, January 30, 2020, and January 30, 2021. All
payments of the Annual Incentive Payment shall be less such amounts as are required to be withheld by law. In the event of any
termination of Executive’s employment, for any reason, Executive shall be entitled to payment of any fully or partially vested
Annual Incentive Payments, which shall be paid to Executive no later than March 15th of the year following the year
to which Executive’s termination of employment occurs.

 

4.          Annual
Performance Incentive Payment: Executive shall be eligible for annual performance incentive payments each calendar year (each
an “Annual Performance Incentive Payment”) beginning with calendar year 2018, provided that LMI and Sonaca
Group meet performance objectives for the subject calendar year, which objectives shall be determined and agreed upon between Executive
and Employer no later than sixty (60) days after the start of each calendar year, and further provided that Executive is maintaining
a satisfactory level of performance as reasonably determined by Employer. The Annual Performance Incentive Payment for each calendar
year shall be equal to not less than fifty percent (50%) and up to one hundred and ten percent (110%) of three quarters times (.75
x) the prior year’s annual Base Salary. Each Annual Performance Incentive Payment shall vest in three (3) installments, the
first installment of which will vest on the last day of the calendar year to which it pertains and the second and third installments
of which will vest on the last day of the two (2) successive calendar years immediately following the calendar year to which the
Annual Performance Incentive Payment pertains (each a “Vesting Date”), provided that Executive is employed
on the Vesting Date. Each Annual Performance Incentive Payment shall be paid over a three (3) year period beginning on January
30 of the three (3) successive calendar years immediately following the calendar to which the Annual Performance Incentive Payment
pertains. For purposes of illustration, assuming Executive is entitled to 100% of the Annual Performance Incentive Payment, the
Annual Performance Incentive Payment for calendar year 2018 will equal $386,250.00 ($515,000.00 (prior year’s annual Base
Salary) times three quarters (.75)), which will vest in three (3) installments on December 31, 2018, December 31, 2019, and December
31, 2020, and will be paid in three (3) equal installments of $128,750.00 on January 30, 2019, January 30, 2020, and January 30,
2021. All payments of the Annual Performance Incentive Payment shall be less such amounts as are required to be withheld by law.
In the event of a Qualifying Termination (defined in Section 5 below) or upon Executive’s death or termination as a result
of Executive’s disability, Executive shall be entitled to a prorated amount of one-third (1/3) of the total Annual Performance
Incentive Payment for the calendar year in which the Qualifying Termination occurred, which shall be paid to Executive no later
than March 15th of the year following the year in which Executive’s termination of employment occurred. In the
event of any termination of Executive’s employment, for any reason, Executive shall be entitled to payment of any fully or
partially vested Annual Performance Incentive Payments which shall be paid to Executive no later than March 15th of
the year following the year in which Executive’s termination of employment occurred. In no event shall Employer be obligated
to pay Executive the Annual Performance Incentive Payment if minimum performance goals are not met.

 

Employment Agreement

 

    	Page 3 

     

    

 

		C.	Fringe Benefits.

 

1.          Provided
that Executive meets the applicable eligibility requirements, Executive shall be eligible to participate in such employee fringe
benefit plans as may be authorized and adopted from time to time by Employer, including the following: any health insurance plan;
any medical reimbursement plan; any qualified retirement plan; any disability or leave pay plan; any disability insurance plan;
any group term life insurance plan; and such other employee benefit plans offered by Employer for which Executive is eligible pursuant
to the terms of such plans. Employer may also furnish such other benefits to Executive as Employer shall determine from time to
time within its sole discretion to be in the best interests of Employer and Executive.

 

2.          Employer
shall provide Executive during the term of Executive’s employment an annual automobile allowance in the amount of Seven Thousand
Dollars ($7,000.00). The automobile allowance shall be increased by at least three percent (3%) each Term Year. Such amount shall
be paid to Executive no later than March 15th of the year following the year for which it is provided.

 

3.          Employer
retains the right to implement, modify or discontinue these benefits at any time, with or without notice.

 

D.          Business
Expenses. Throughout the term of Executive’s employment hereunder, Employer shall reimburse Executive for all reasonable
and necessary travel, entertainment, and other business expenses that may be incurred in direct connection with the performance
of Executive’s duties hereunder and in accordance with policies concerning travel and expense reimbursement adopted from
time to time by Employer.

 

Employment Agreement

 

    	Page 4 

     

    

 

E.          Paid
Leave. Executive shall be entitled to paid vacation time (“Vacation”) to use during each Term Year.
The numbers of days of Vacation shall be at the discretion of Executive, provided however, that any Vacation shall be taken by
Executive at such time or times as do not conflict, as reasonably practicable, with Executive’s duties and responsibilities
hereunder. As Vacation is not earned or accrued annually, Executive shall not receive any compensation for unused Vacation. Executive
shall also be eligible for other paid leave in accordance with Employer’s policies, as amended, adopted, suspended or terminated
from time to time by Employer.

 

5.          Termination
of Employment. The phrase “termination of employment” shall mean that Executive has incurred a separation
from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”)
and the regulations thereunder.

 

A.          Termination
by Employer for “Cause.” This Agreement and Executive’s employment hereunder may be immediately terminated
by Employer, at its option, for “Cause,” either with or without notice, if Executive shall:

 

1.          Engage
in negligent or willful misconduct; or

 

2.          Perform
his/her duties in a significantly unsatisfactory manner against position expectations (other than such failure resulting from physical
or mental illness) and fail to improve such performance in response to corrective feedback;

 

3.          Violate
material Employer codes or policies (such as, but not limited to, the Code of Ethics and Business Conduct, and policies regarding
harassment, workplace violence, confidential information or drug testing); or

 

4.          Commit
acts of dishonesty of any kind, including willful misrepresentation, falsification of records, or breach of Executive’s fiduciary
duty to Employer, in Executive’s interactions or dealings with the Employer, its Executives or customers.

 

5.          Refuse
to comply with any reasonable, lawful direction of the Parent or Parent officer; or

 

6.          Engage
in business practices or conduct that, in the reasonable opinion of the Employer, may or will result in a material injury or loss
to Employer, including damage to customer relations or business prospects; or

 

7.          Use
alcohol, to the extent that such use interferes with the performance of the Executive’s obligations under this Agreement
or causes or could cause embarrassment or reputational damage to Employer, continuing after written warning, or use of illegal
drugs, with or without previous warning; or

 

8.          Lose
or have suspended any licenses, clearances or bonding required to perform Executive’s duties under this Agreement; or

 

Employment Agreement

 

    	Page 5 

     

    

 

9.          Willfully
violate any law, rule, or government regulation (other than traffic violations, misdemeanors, or similar offenses that do not involve
moral turpitude) or be convicted of or plead nolo contendere to any felony.

 

For purposes of defining Cause, no act,
or failure to act, of Executive shall be considered “willful” unless done, or omitted to be done, by Executive deliberately
and with knowledge of the consequences of such action or inaction. In the event of any such termination for Cause by Employer,
Employer shall be obligated to pay Executive (i) the Base Salary due Executive under this Agreement up to Executive’s termination
date; and (ii) any vested, but unpaid, Annual Incentive Payment and/or Annual Performance Incentive Payment. Such amounts will
be paid to Executive no later than March 15th of the year following the year in which Executive’s termination
for Cause occurred.

 

B.          Termination
by Employer Without Cause. This Agreement and Executive’s employment hereunder may be immediately terminated by Employer
without Cause. In the event of any such termination by Employer without Cause, Employer shall be obligated to pay Executive (i)
the Base Salary due Executive under this Agreement up to Executive’s termination date; (ii) any vested, but unpaid, Annual
Incentive Payment and/or Annual Performance Incentive Payment; (iii) a prorated amount of the Annual Bonus and the Annual Performance
Incentive Payment for the calendar year in which the termination occurred; and (iv) Severance as defined below. The amounts due
to Executive, other than Severance (which shall be paid in accordance with Section 6(A) below) shall be paid to Executive no later
than March 15th of the year following the year in which Executive’s termination by Employer without Cause occurred.

 

C.          Termination
by Executive.

 

1.          This
Agreement and Executive’s employment hereunder may be terminated by Executive with thirty (30) calendar days’ written
notice (“Notice Period”) to Employer. Upon receiving notice of termination from Executive, Employer reserves
the right to terminate this Agreement immediately or at any time during the Notice Period. Provided Executive has given the required
thirty (30) calendar days’ notice, if Employer elects to terminate this Agreement before the termination date set forth in
Executive’s notice, Employer shall be obligated to continue to pay Executive the Base Salary that would have been due Executive
under this Agreement to the end of Executive’s Notice Period, but not exceeding thirty (30) days. If Executive terminates
this Agreement with less than thirty (30) calendar days’ notice or if Executive elects not to remain employed for the full
Notice Period, Employer shall only be obligated to pay Executive the Base Salary due Executive up to the earlier of (i) the end
of Executive’s Notice Period or (ii) the termination date set by Employer. Employer shall further be obligated to pay Executive
any vested, but unpaid, Annual Incentive Payment and/or Annual Performance Incentive Payment. The amounts due to Executive shall
be paid to Executive no later than March 15th of the year following the year in which Executive’s termination
occurred.

 

Employment Agreement

 

    	Page 6 

     

    

 

2.          Notwithstanding
anything to the contrary in this section (C), in the event Executive terminates this Agreement for Good Reason, Employer shall
be obligated to pay Executive (i) the Base Salary due Executive under this Agreement through the Notice Period; (ii) any vested,
but unpaid, Annual Incentive Payment and/or Annual Performance Incentive Payment; (iii) a prorated amount of the Annual Bonus and
the Annual Performance Incentive Payment for the calendar year in which the termination occurred; and (iv) Severance as defined
below. The amounts due to Executive, other than Severance (which shall be paid in accordance with Section 6(A) below) shall be
paid to Executive no later than March 15th of the year following the year in which Executive’s termination for
Good Reason occurred. “Good Reason” is defined as the occurrence of any of the following:

 

a.          An
involuntary reduction or diminution in Executive’s title, authority, duties, reporting relationship or responsibilities (other
than temporarily while the Executive is physically or mentally incapacitated or as required by applicable law), relative to Executive’s
title, duties, authority, reporting relationship or responsibilities in effect immediately prior to such reduction which would
cause Executive’s position with Employer to become of materially less responsibility, authority and/or importance; or

 

b.          Requiring
Executive to relocate his primary work location more than fifty (50) miles from his/her then-present location; or

 

c.          A
material reduction in Executive’s salary, bonus opportunity or benefits; or

 

d.          Executive
is not given sufficient authority for Executive to carry out the responsibilities contemplated hereunder; or

 

 e.          Employer otherwise materially breaches this Agreement.

 

3.          In
order to qualify as Good Reason, in addition to the occurrence of one of the circumstances above, Executive must:

 

a.          provide
written notice to Employer of Good Reason no more than ninety (90) days after the initial existence of Good Reason, and

 

b.          afford
Employer thirty (30) days to remedy the material change or breach, and

 

c.          Executive
must terminate within one-hundred-twenty (120) days following the initial existence of any Good Reason if Employer fails to remedy
the same.

 

Employment
Agreement

 

    	Page 7 

     

    

 

D.          Death
of Executive. This Agreement and Executive’s employment hereunder shall terminate automatically upon the death of Executive.
In the event Executive’s employment is terminated by reason of Executive’s death, Employer shall pay to Executive’s
estate (i) the Base Salary due Executive under this Agreement up to Executive’s termination date; (ii) any vested, but unpaid,
Annual Incentive Payment and/or Annual Performance Incentive Payment; and (iii) a prorated amount of the Annual Bonus and the Annual
Performance Incentive Payment for the calendar year in which the termination occurred. The amounts due to Executive shall be paid
to Executive no later than March 15th of the year following the year in which Executive’s death occurred.

 

E.          Disability
of Executive. This Agreement and Executive’s employment hereunder may be terminated in the event of Executive’s
disability. For purposes of this Agreement, “disability” shall mean Executive cannot perform the essential
functions of Executive’s employment position, with or without a reasonable accommodation, by reason of physical or mental
impairment or other similar causes for a continuous period of ninety (90) days and under circumstances where it is not expected
that Executive will be able to return to the continuous full-time performance of Executive’s duties within a period of twelve
(12) months from the date such disability began. Such disability shall be certified by a duly licensed physician, and in the event
Executive and Employer disagree, each shall select a duly licensed physician to examine Executive and the two physicians shall
appoint a third duly licensed physician to examine Executive, in which case the findings of a majority shall control. The cost
involved in such examination shall be borne by Company. It is understood that Executive’s occasional sickness or other incapacity
of short duration (a “temporary disability”) may not result in Executive having a disability, however, any such temporary
disability may constitute disability if such temporary disability is prolonged or recurring. The foregoing definition of disability
is not intended to and shall not affect the definition of “disability” or any similar or related term in any insurance
policy Employer may provide. If Employer elects to terminate the employment relationship on this basis, Employer shall notify Executive
or Executive’s representative in writing and the termination shall become effective on the date that such notification is
given. In the event of a termination of employment by reason of Executive’s disability, Employer shall pay to Executive (i)
the Base Salary due Executive under this Agreement up to Executive’s termination date; (ii) any vested, but unpaid, Annual
Incentive Payment and/or Annual Performance Incentive Payment; and (iii) a prorated amount of the Annual Bonus and the Annual Performance
Incentive Payment for the calendar year in which the termination occurred. The amounts due to Executive shall be paid to Executive
no later than March 15th of the year following the year in which Executive’s disability occurred.

 

F.          Corporate
Dissolution. This Agreement and Executive’s employment hereunder shall terminate in the event of the termination of the
business or corporate existence of Employer. In the event of any such termination by Employer, Employer shall be obligated to pay
Executive (i) the Base Salary due Executive under this Agreement up to Executive’s termination date; (ii) any vested, but
unpaid, Annual Incentive Payment and/or Annual Performance Incentive Payment; (iii) a prorated amount of the Annual Bonus and the
Annual Performance Incentive Payment for the calendar year in which the termination occurred; and (iv) Severance as defined below.
The amounts due to Executive, other than Severance (which shall be paid in accordance with Section 6(A) below) shall be paid to
Executive no later than March 15th of the year following the year in which Executive’s termination due to termination
of the business or corporate existence of Employer occurred.

 

Employment
Agreement

 

    	Page 8 

     

    

 

G.          Reconciliation
of Compensation Owed Executive. After any termination of Executive’s employment hereunder, all compensation and amounts
due to Executive with respect to work performed or expenses incurred prior to the date of termination shall be reconciled with
amounts due to Employer from Executive. Each party shall be entitled to offset against any amounts that may be due to the other
party such amounts as are due from such other party to it or him. The parties shall proceed expeditiously to accomplish the foregoing,
and the resulting amount due from one party to the other shall be paid promptly after it is determined but in no event later than
March 15th of the year following the year of Executive’s termination of employment.

 

H.          Executive
Cooperation. Following any notice of termination, Executive shall fully cooperate with Employer in all matters relating to
the winding up of Executive’s pending work on behalf of Employer and the orderly transfer of any such pending work to such
other Executives of Employer as may be designated by Employer. To that end, Employer shall be entitled to such full time or part
time services of Executive as Employer may reasonably require during all or any part of the period from the time of giving any
such notice until the effective date of such termination. Executive further agrees to cooperate with and provide assistance to
Employer and its legal counsel in connection with any litigation (including arbitration or administrative hearings) or investigation
affecting Employer, in which (in the reasonable judgment of Employer) Executive’s assistance or cooperation is needed. Executive
shall, when requested by Employer, provide testimony or other assistance and shall travel at Employer’s request in order
to fulfill this obligation; provided, however, that, in connection with such litigation or investigation, Employer shall attempt
to accommodate Executive’s schedule, shall provide Executive with reasonable notice in advance of the times in which Executive’s
cooperation or assistance is needed, and shall reimburse Executive for any reasonable expenses incurred in connection with such
matters.

 

6.          Severance.
In the event of a termination by Employer without Cause as defined in Section 5(B), by Executive for Good Reason as defined in
Section 5(C), or in the case of Corporate Dissolution as defined in Section 5(F) (each a “Qualifying Termination”),
Employer agrees to provide Executive with the following payments and benefits, which shall be referred to as “Severance.”
As a condition of receiving the Severance hereunder, Executive will be required to execute a release agreement in a form reasonably
acceptable to Executive and Employer.

 

A.          Severance
Pay.

 

1.          In
the event of a Qualifying Termination occurring on or after the Effective Date until the first anniversary of the Effective Date,
Employer shall provide Executive with Severance Pay in an amount that is equal to two and one-half times (2 1⁄2 x) Executive’s
then current annual Base Salary.

 

Employment
Agreement

 

    	Page 9 

     

    

 

2.          In
the event of a Qualifying Termination occurring on or after the first anniversary of the Effective Date until the second anniversary
of the Effective Date, Employer shall provide Executive with Severance Pay in an amount that is equal to one and one half times
(1.5 x) Executive’s then current annual Base Salary.

 

3.          In
the event of a Qualifying Termination occurring on or after the second anniversary of the Effective Date or any time thereafter,
Employer shall provide Executive with Severance Pay in an amount that is equal to one times (1 x) Executive’s then current
annual Base Salary.

 

Severance Pay shall be less such amounts
required to be withheld by law. The Severance Pay shall be paid following termination in equal installments per Employer’s
regular pay schedule over the length of the period of Base Salary on which the amount of Severance Pay is based (e.g. one-year
period if Qualifying Termination occurs on or after the second anniversary of the Effective Date), commencing on the next regular
payroll date following after the date the revocation period for the release agreement described below has expired and no revocation
has occurred. If any payment hereunder fails to be exempt from Internal Revenue Code (“Code”) Section 409A, and the
applicable revocation period spans two calendar years, commencement of payment of the installments will not occur until the second
calendar year and after the release agreement has become effective.

 

B.          Benefits
Continuation. In addition to Severance Pay, if Executive elects continuation coverage under one or more of Employer’s
health plans (“Health Plans”) pursuant to the continuation coverage terms of such Health Plan(s) and
as required by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), then for a period
equal to the lesser of eighteen (18) months or the number of months of Severance Pay (“Benefits Continuation Period”),
Executive shall pay a reduced, monthly COBRA premium for continuation coverage. The monthly premium to be paid by Executive shall
be equal to the payroll deduction contribution then being paid, each month, by Employer’s actively employed, similarly situated
executives, for the selected Health Plans’ coverage. Such coverage shall be provided in accordance with terms of the Health
Plan(s) as may exist or may be amended from time to time. If Executive elects to continue COBRA coverage beyond the Benefits Continuation
Period, Executive will be responsible for payment of the full, regular COBRA premium for any coverage continuation thereafter.
In the event the Health Plan for which Executive’s COBRA coverage is provided is subject to the nondiscrimination rules under
section 105(h) of the Code, the amount of the payment of the full, regular COBRA premium less the amount paid by Executive will
be treated as taxable income to Executive.

  

Employment
Agreement

 

    	Page 10 

     

    

 

7.          Confidential
Information.

 

A.          Non-Disclosure.
Executive shall, during the course of Executive’s employment and at all times subsequent to Executive’s employment,
hold in strictest and total confidence all Confidential Information. Executive will at no time, except as authorized by Employer
in writing or as required by any law, rule or regulation after providing prior written notice to Employer within sufficient time
for Employer to object to production or disclosure or quash subpoenas related to the same, directly or indirectly, use for Executive’s
benefit or for the benefit of others, or disclose, communicate, divulge, furnish to, or convey to any other person, firm, or corporation,
any Confidential Information, nor shall Executive permit any other person or entity to use Confidential Information in competition
with Employer. Executive acknowledges that disclosure of Confidential Information to or use of the same by third parties would
greatly affect the effective and successful conduct of the business of Employer and the goodwill of Employer, and that any breach
of the terms of this subsection (A) shall be a material breach of this Agreement.

 

B.          Defend
Trade Secrets Act (DTSA) Notice. Pursuant to 18 USC § 1833(b), Executive may not be held criminally or civilly liable
under any federal or state trade secret law for disclosure of a trade secret: (i) made in confidence to a government official,
either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of
law; and/or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally,
should Executive pursue legal action against Employer for retaliation based on the reporting of a suspected violation of law, Executive
may disclose a trade secret to his/her attorney and use the trade secret information in the court proceeding, so long as any document
containing the trade secret is filed under seal and the individual does not disclose the trade secret except pursuant to court
order.

 

C.          Definitions.

 

1.          “Confidential
Information” shall mean any information proprietary to Employer and not generally known, including trade secrets;
Inventions; technology, whether now known or hereafter discovered; information pertaining to research, development, techniques,
engineering, purchasing, marketing, selling, accounting, licensing, know how, processes, products, equipment, devices, models,
prototypes, computer hardware, computer programs and flow charts, program code, software libraries, databases, formulae, compositions,
discoveries, cost systems, pending business transactions, the identity of customers and potential customers, and the particular
needs and requirements of customers; customer lists; customer histories and records; personnel information; financial information;
and confidential and proprietary information of customers and other third parties received by Employer. Confidential Information
shall also include all derivatives thereof, any information that qualifies as a “trade secret” under the Uniform Trade
Secret Act or the Defend Trade Secrets Act of 2016.

 

Employment
Agreement

 

    	Page 11 

     

    

 

2.          “Invention”
shall mean all ideas, discoveries, developments, inventions, improvements, innovations, technology, computer programs, software,
products, methods, systems or plans, whether or not shown or described in writing or reduced to practice or use, and whether or
not entitled to the protection of applicable patent, trademark, copyright, or similar laws, relating in any manner to any of Employer’s
present or future products, services, manufacturing or research.

 

3.          The
term Confidential Information shall not apply to the following: (a) information that is or becomes public knowledge other than
through the fault of Executive; (b) information that is received by Executive from a third party who is under no obligation to
keep the information confidential; (c) information that Executive can show by written records was in Executive’s possession
prior to the date of disclosure by Employer to Executive of the Confidential Information in question; or (d) information that is
individually developed by Executive, and that Executive can show by written or other tangible evidence was so independently developed.

 

D.          Return
of Confidential Information. Upon termination of Executive’s employment with Employer or at any other time upon Employer’s
request, Executive shall deliver promptly to Employer all originals and all copies (including photocopies, facsimiles, and computer
or other means of electronic storage whether now known or hereafter discovered) of all documents and other materials then in the
Executive’s possession and whether prepared by the Executive or others that constitute Confidential Information or relate
in any way to business of Employer. Executive will not make or retain any copies of the foregoing and will so represent to Employer
upon Executive’s termination of employment. Furthermore, upon Executive’s termination of employment, Executive will
return to Employer all computer hardware and/or software provided by or owned by Employer.

 

E.          Assignment
of Inventions. Any Invention that Executive, either alone or with others makes, discovers, devises, conceives, reduces to practice,
or otherwise possesses while employed by Employer shall be “works made for hire” as that term is defined in the United
States Copyright Laws and the sole property of Employer. Executive further agrees to assign, and does hereby irrevocably assign,
to Employer or Employer’s designee, Executive’s entire right, title and interest in: (i) all Inventions, (ii) all trademarks
and copyrights in any of the Inventions, and any applications with respect thereto, and all of the goodwill appurtenant thereto,
and (iii) all patent applications and patents with respect to any of the Inventions, including those in foreign countries, which
Executive conceives or makes (whether alone or with others) while employed by Employer. Additionally, both while employed by Employer
and afterwards, Executive agrees to execute and deliver at Employer’s expense any documents that Employer may reasonably
consider necessary or helpful to assure the originality of all Inventions, obtain or maintain patents, trademarks, copyrights or
any other registrations, whether during the prosecution of applications therefor or during the conduct of an interference, opposition,
litigation or other matter (all related expenses to be borne by Employer), and to vest ownership in, transfer and convey, by assignment
or otherwise, all right, title and interest in and to such items to Employer.

 

Employment
Agreement

 

    	Page 12 

     

    

 

8.          Restrictive
Covenants.

 

A.          Limitation
on Competition. During the term of Executive’s employment and for a period of one (1) year after the termination of such
employment for any reason (the “Restricted Period”), Executive shall not, engage directly or indirectly,
either personally or as an Executive, partner, associate partner, owner, officer, manager, agent, advisor, consultant or otherwise,
or by means of any corporate or other entity or device, in any business which is competitive with the business of Employer. For
purposes of this covenant, a business will be deemed competitive if it is conducted in whole or in part within any geographic area
wherein Employer is engaged in marketing its products, and if it involves the design or manufacture of products for the aerospace
industry that are the same or substantially similar to those designed or manufactured by Employer or if it is in any manner competitive,
as of the date of cessation of the Executive’s employment, with any business then being conducted by Employer or as to which
Employer has then formulated definitive plans to enter;

 

B.          Non-Solicitation
of Customers. During Executive’s employment and during the Restricted Period, Executive shall not, individually or collectively,
as a participant in a partnership, sole proprietorship, corporation, limited liability corporation, or other entity, or as an operator,
investor, shareholder, partner, director, Executive, consultant, manager, sales representative, independent contractor or advisor
of any such entity, or in any other capacity whatsoever, either directly or indirectly (i) solicit any business from any Customer
or assist any other entity in soliciting any business from any Customer; (ii) request or advise any Customer to withdraw, curtail,
or cancel any of such Customer’s business or other relationships with Employer; or (iii) otherwise interfere with any relationship
between Employer and any Customer. As used in this section, “Customer” shall mean any person or entity (and/or
their respective affiliates or successors) with which Executive had substantial contact by reason of Executive’s employment
with Employer and to which Employer rendered any services or sold anything of value to.

 

C.          Non-Solicitation
of Suppliers. During Executive’s employment and during the Restricted Period, Executive shall not induce or attempt to
induce any salesman, distributor, supplier, manufacturer, representative, agent, jobber or other person transacting business with
Employer to terminate their relationship with or Employer, or to represent, distribute or sell products in competition with products
of Employer; or

 

D.          Non-Solicitation
of Employees. During Executive’s employment and during the Restricted Period, Executive shall not (i) participate, directly
or indirectly, in or be materially involved in any manner in the hiring or any attempt to hire as an employee, officer, director,
consultant, or advisor any person who is, at the time of such hiring or attempted hiring, or was within six (6) months of such
hiring or attempted hiring, an employee of Employer; or (ii) otherwise, directly or indirectly, induce or attempt to induce any
employee of Employer or of any affiliate of Employer to leave the employ of Employer.

 

Employment
Agreement

 

    	Page 13 

     

    

 

E.          Reasonableness
of Restrictions. It is the intention of the parties to restrict the activities of Executive under this Section 8 only to the
extent necessary for the protection of legitimate business interests of Employer. Executive acknowledges that Executive’s
covenant not to compete unfairly is necessary to protect the legitimate business interests of Employer, and that irreparable harm
and damage will be done to Employer in the event that Executive competes unfairly with Employer. Executive has carefully read and
considered the provisions of this Section titled “Restrictive Covenants” and, having done so, agrees that the
restrictions set forth herein are fair and reasonable and are reasonably required for the protection of the legitimate business
interests of Employer. Executive further agrees and acknowledges that the geographic and durational limitations set forth herein
are reasonable under the circumstances considering Executive’s access to Employer’s Confidential Information and customer
relationships and other relevant factors, and agrees that Employer’s need for the protection afforded herein is greater than
any hardship Executive might experience by complying with the terms set forth therein. However, the parties specifically covenant
and agree that should any of the provisions set forth therein, under any set of circumstances not now foreseen by the parties,
be deemed too broad for such purpose, said provisions will nevertheless be valid and enforceable to the extent necessary for such
protection.

 

F.          Tolling.
In the event of a breach by Executive of this Section entitled “Restrictive Covenants,” then the restrictive
periods referenced herein shall be tolled and shall begin to run or recommence running only at such time as the breach is alleviated
or remedied.

 

9.          Remedies.
In the event of the breach by Executive of any of the terms of this Agreement, notwithstanding anything to the contrary contained
in this Agreement, Employer may terminate the employment of the Executive in accordance with the provisions of Section 5. It is
further agreed that any breach or evasion of any of the terms of this Agreement by Executive will result in immediate and irreparable
injury to Employer and will authorize recourse to injunction and/or specific performance as well as to other legal or equitable
remedies to which Employer may be entitled. In addition to any other remedies that it may have in law or equity, Employer also
may require an accounting and repayment to Employer of all profits, compensation, remuneration or other benefits realized, directly
or indirectly, as a result of such breaches by the Executive or by a competitor’s business controlled, directly or indirectly,
by the Executive. No remedy conferred by any of the specific provisions of this Agreement is intended to be exclusive of any other
remedy and each and every remedy given hereunder or now or hereafter existing at law or in equity by statute or otherwise. The
election of any one or more remedies by Employer shall not constitute a waiver of the right to pursue other available remedies.
If either party shall commence a proceeding against the other to enforce and/or recover damages for breach of this Agreement, the
prevailing party in such proceeding shall be entitled to recover from the other party all reasonable costs and expenses of enforcement
and collection of any and all remedies and damages, or all reasonable costs and expenses of defense, as the case may be. The foregoing
costs and expenses shall include reasonable attorneys’ fees.

 

Employment
Agreement

 

    	Page 14 

     

    

 

10.          Assignability.
This Agreement may be assigned by Employer to any other entity wholly-owned by Employer or to any other entity which purchases
substantially all of the assets of Employer or acquires a majority of the stock of Employer. The services to be performed by Executive
hereunder are personal in nature and, therefore, Executive shall not assign Executive’s rights or delegate Executive’s
obligations under this Agreement, and any attempted or purported assignment or delegation not herein permitted shall be null and
void.

 

11.          Binding
Effect; Third Party Beneficiaries. Subject to the provisions of Section 11, this Agreement shall inure to the benefit of and
may be enforced by Employer and its successors or assigns, and it shall be binding upon Executive and Executive’s heirs,
successors, and assigns. Except as expressly set forth herein, this Agreement is not intended to confer any rights or remedies
upon any other person or entity.

 

12.          Disclosure
of Existence of Agreement. To preserve Employer’s rights under this Agreement, Employer may advise any third party of
the existence of this Agreement and its terms, and Executive specifically releases and agrees to indemnify and hold Employer harmless
from any liability for doing so.

 

13.          Governing
Law. This Agreement shall be deemed for all purposes to have been made in the State of Missouri, notwithstanding either the
place of execution hereof, nor the performance of any acts in connection herewith or hereunder in any other jurisdiction. This
Agreement shall be governed by and construed in accordance with the laws of the State of Missouri, without giving effect to any
choice of law or conflict of law provision or rule (whether of the State of Missouri or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Missouri

 

14.          Venue
and Jurisdiction. The exclusive venue and jurisdiction for any litigation concerning this Agreement shall be in the Circuit
Court for the 11th Judicial District, St. Charles County, Missouri, unless that court lacks jurisdiction, in which case
such action shall be brought in the United States District Court for the Eastern District of Missouri. Any of the foregoing courts
shall have personal jurisdiction over Executive and jurisdiction over matters arising out of this Agreement, and Executive hereby
irrevocably waives any and all objections to personal jurisdiction, venue or convenience in the aforementioned courts.

 

15.          Waiver.
No waiver by either party hereto of any condition or provision of this Agreement to be performed by the other party shall be deemed
a waiver of similar or dissimilar provisions or condition at the same or at any prior or subsequent time. Waiver by either party
hereto of any breach or violation of any provision of this Agreement shall not operate as or be construed to be a waiver of any
subsequent breach thereof or as a waiver by any other entity.

 

16.          Severability.
Should any one or more sections of this Agreement be found to be invalid, illegal, or unenforceable in any respect, the validity,
legality, and enforceability of the remaining sections contained herein shall not in any way be affected or impaired thereby. In
addition, if any section hereof is found to be partially enforceable, then it shall be enforced to that extent. A court with jurisdiction
over the matters contained in this Agreement shall have the authority to revise the language hereof to the extent necessary to
make any such section or covenant of this Agreement enforceable to the fullest extent permitted by law.

 

Employment
Agreement

 

    	Page 15 

     

    

 

17.          Notices.
All notices provided for in this Agreement shall be in writing and shall be given either (a) by actual delivery of the notice to
the party entitled thereto or (b) by depositing the same with the United States Postal Service, certified mail, return receipt
requested, postage prepaid, to the address of the party entitled thereto. The notice shall be deemed to have been received in case
(a) on the date of its actual receipt by the party entitled thereto or in case (b) two (2) days after the date of its deposit with
the United States Postal Service.

 

If to Employer:

 

LMI Aerospace, Inc.

411 Fountain Lakes Blvd.

St. Charles, MO 63301

Attn: General Counsel

 

and, if to the Executive, to:

 

Daniel G. Korte

15 Cedar Crest

Saint Louis, MO 63132

 

or to such other address as
may be specified by either of the parties in the manner provided under this Section.

 

18.          Survival.
All of those provisions of this Agreement that require performance by either party following termination of Employee’s employment
shall survive any termination of this Agreement.

 

19.          General
Interpretive Principles. This Agreement shall be construed without regard to any presumption or rule requiring construction
against the drafting party. For purposes of this Agreement, except as otherwise expressly provided or unless context otherwise
requires:

 

A.          the
words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement
as a whole and not to any particular provision;

 

B.          the
terms “include,” “including,” and similar terms shall be construed as if followed by the phrase “without
being limited to;”

 

C.          relative
to the determining of any period of time, “from” means “from and including” and “to” and “through”
mean “to and including;”

 

D.          “or,”
“either” and “any” are not exclusive;

 

E.          the
term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or;”
and

 

F.          the
headings contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not
a part of the agreement between the parties hereto.

 

Employment
Agreement

 

    	Page 16 

     

    

 

20.          Section
409A.

 

A.          This
Agreement shall at all times be administered and the provisions of this Agreement shall be interpreted consistent with the requirements
of Section 409A. In the event that any provision of this Agreement does not comply with the requirements of Section 409A, Employer,
in exercise of its sole discretion and without consent of Executive, may amend or modify this Agreement in any manner to the extent
necessary to meet the requirements of Section 409A.

 

B.          This
Agreement is intended to comply with Section 409A or an exemption thereunder, and will be construed and administered in accordance
with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made
upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that
may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral
will be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided
under this Agreement will be treated as a separate payment. Any payments to be made under this Agreement upon a termination of
employment will only be made if such termination of employment constitutes a “separation from service” under Section
409A.

 

C.          Notwithstanding
any other provision of this Agreement, if at the time of Executive’s termination of employment, Executive is a “specified
Executive,” determined in accordance with Section 409A, any payments and benefits provided under this Agreement that constitute
“nonqualified deferred compensation” subject to Section 409A that are provided to Executive on account of Executive’
s separation from service will not be paid until the first payroll date to occur following the six-month anniversary of Executive’s
termination date (“Specified Executive Payment Date”). The aggregate amount of any payments that would
otherwise have been made during such six-month period will be paid in a lump sum on the Specified Executive Payment Date without
interest and, thereafter, any remaining payments will be paid without delay in accordance with their original schedule. If Executive
dies during the six-month period, any delayed payments will be paid to Executive’s estate in a lump sum within thirty (30)
calendar days after Executive’s death.

 

D.          Except
as otherwise expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this
Agreement or any document contemplated herein is determined to be subject to Section 409A, the amount of any such expenses eligible
for reimbursement, or the provision of any in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement
in any other taxable year (except for any lifetime or other aggregate limitation applicable to medical expenses), in no event shall
any expenses be reimbursed after the last day of the calendar year following the calendar year in which the Executive incurred
such expenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation
or exchange for another benefit.

 

Employment
Agreement

 

    	Page 17 

     

    

 

21.          Counterparts.
For the purpose of facilitating the execution of this Agreement and for other purposes, this Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute
but one and the same instrument. A signature of a party by facsimile or other electronic transmission (including a .pdf copy sent
by e-mail) shall be deemed to constitute an original and fully effective signature of such party.

 

22.           Entire
Agreement; Amendments. The provisions hereof constitute the entire and only agreement between the parties with respect to the
subject matter hereof and supersedes all prior agreements, commitments, representations, understandings, or negotiations, oral
or written, and all other communications relating to the subject matter hereof. No amendment or modification of any provision of
this Agreement will be effective unless set forth in a document that purports to amend this Agreement and is executed by all parties
hereto.

 

Signature page follows.

 

Employment
Agreement

    	Page 18 

     

    

  

 IN WITNESS WHEREOF, the parties have
executed and delivered this Agreement on this 27th day of June, 2017.

  

	EMPLOYER:	LMI AEROSPACE,
    INC.
	 	 	 
	 	By:	/s/ Jennifer Alfaro
	 	 	 
	 	Title:	Chief Human Resources Officer
	 	 	 
	EXECUTIVE:	/s/ Daniel G. Korte
	 	DANIEL G. KORTE

 

Employment
Agreement

 

    	Page 19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]