Document:

Exhibit 10.2

 

LOCK-UP
AGREEMENT

 

THIS
LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of August 12, 2016 (the “Effective
Date”) by and between (i) NAC Global Technologies, Inc., a Nevada corporation (“Buyer”),
and (ii) each of the persons listed on Schedule A hereto (collectively, the “Restricted Holders”).
Any capitalized term used but not defined in this Agreement will have the meaning ascribed to such term in the Share Exchange
Agreement (as defined below).

 

WHEREAS,
Buyer, Swiss Heights Engineering S.A., a business company organized in Switzerland (the “Company”),
and the Restricted Holders are parties to that certain Share Exchange Agreement, dated as of July 19, 2016 (as amended from time
to time in accordance with the terms thereof, the “Share Exchange Agreement”), pursuant to which, subject
to the terms and conditions thereof, Buyer will acquire from the Restricted Holders all of the issued and outstanding equity interests
of the Company in exchange for 83,000,000 shares of Buyer Common Stock (the “Exchange Shares”) and warrants
to purchase 737,341,257 shares of Buyer Common Stock (the “Warrant Shares”), which shares of Buyer Common
Stock, upon issuance of the Warrant Shares, collectively represents ninety-five and three quarters percent (95.75%) of the issued
and outstanding equity interests of Buyer on a fully-diluted basis (including any Convertible Securities of Buyer), but excluding
for such purposes the Buyer Warrants; and

 

WHEREAS,
pursuant to the Share Exchange Agreement, and in view of the valuable consideration to be received by the Restricted Holders,
Buyer and the Restricted Holders desire to enter into this Agreement, pursuant to which the Exchange Shares and, when issued,
the Warrant Shares (the Exchange Shares and Warrant Shares together with any other shares of Buyer Common Stock held by the Restricted
Holders, the “Restricted Shares”) shall become subject to limitations on disposition as set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:

 

1.Lock-Up
Provisions.

 

(a)Each
Restricted Holder hereby agrees not to, during the period commencing from the Effective Date and ending on the earlier of (x) the
one (1) year anniversary of the Effective Date and (y) the date on which Buyer consummates a liquidation, merger, share exchange
or other similar transaction following the Effective Date with an unaffiliated third party that results in all of Buyer’s
shareholders having the right to exchange their equity holdings in Buyer for cash, securities or other property (such period,
the “Lock-Up Period”): (i) lend, offer, pledge, hypothecate, encumber, donate, assign,
sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right
or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Shares, (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of
the Restricted Shares or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described
in clauses (i), (ii), or (iii) above is to be settled by delivery of shares of Buyer Common Stock or other securities, in cash
or otherwise (any of the foregoing described in clauses (i), (ii), or (iii), a “Prohibited Transfer”);
provided, that after the six (6) month anniversary of the Effective Date, each Restricted Holder may enter into and consummate
any transaction described in clauses (i) through (iii) above for up to a total number of shares of Buyer Common Stock in any day
equal to ten percent (10%) of the average daily volume of the shares of Buyer Common Stock during the prior week. Notwithstanding
the foregoing, a transfer of any or all of the Restricted Shares owned by a Restricted Holder to an Affiliate of such Restricted
Holder shall not be a Prohibited Transfer, provided that such Affiliate executes and delivers to Buyer an agreement stating that
such Affiliate is receiving and holding such Restricted Shares subject to the provisions of this Agreement, and there shall be
no further transfer of such Restricted Shares except in accordance with this Agreement. In addition, each Restricted Holder agrees
that such Restricted Holder will not, during the Lock-Up Period, make any demand for or exercise any right with respect to, the
registration of any Restricted Shares or any other shares of Buyer Common Stock or any security convertible into or exercisable
or exchangeable for shares of Buyer Common Stock. Each Restricted Holder further agrees to execute such agreements as may be reasonably
requested by Buyer that are consistent the foregoing or that are necessary to give further effect thereto.

 

    

     

    

 

(b)If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer
shall be null and void ab initio, and Buyer shall refuse to recognize any such purported transferee of the Restricted Shares as
one of its equity holders for any purpose. In order to enforce this Section 1, Buyer shall impose stop-transfer instructions
with respect to the Restricted Shares of each Restricted Holder (and permitted transferees and assigns thereof) until the end
of the Lock-Up Period.

 

(c)During
the Lock-Up Period, each certificate evidencing any Restricted Shares shall be stamped or otherwise imprinted with a legend in
substantially the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT DATED AS OF
AUGUST 12, 2016 BY AND AMONG THE ISSUER OF SUCH SECURITIES AND CERTAIN OF SUCH ISSUER’S SHAREHOLDERS, AS AMENDED. A COPY
OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST.”

 

2.Miscellaneous.

 

(a)Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the
parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of each Restricted Holder
are personal to such Restricted Holder and may not be transferred or delegated by such Restricted Holder at any time. Buyer may
each freely assign any or all of its rights under this Agreement, in whole or in part, to any successor entity (whether by merger,
consolidation, equity sale, asset sale or otherwise) without obtaining the consent or approval of any Restricted Holder.

 

(b)Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with this
Agreement shall create any rights in, or be deemed to have been executed for the benefit of, any Person that is not a party hereto
or thereto or a successor or permitted assign of such a party.

 

(c)Governing
Law; Jurisdiction. This Agreement is to be construed and governed by the laws of the State of New York without giving effect
to principles of conflicts of laws. Each party hereby irrevocably agrees that any legal action or proceeding arising out of or
in connection with this Agreement may be brought in any state or federal court located in New York County, State of New York (or
in any court in which appeal from such courts may be taken). Each party hereto expressly consents to the personal jurisdiction
and venue of such courts, and further, each party agrees not to assert, by way of motion, as a defense, or otherwise, in any such
action, suit or proceeding, any claim that it is not subject personally to the jurisdiction of such court, that the action, suit
or proceeding is brought in an inconvenient forum, that the venue of the action, suit or proceeding is improper or that this Agreement
or the subject matter hereof may not be enforced in or by such court, and hereby agrees not to challenge such jurisdiction or
venue by reason of any offsets or counterclaims in any such action, suit or proceeding. Each party agrees that a final judgment
in any Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by Law. Each party irrevocably consents to the service of the summons and complaint and any other process in any Action relating
to the transactions contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such
process to such party at the applicable address set forth in Section 2(f). Nothing in this Section 2(c) shall affect
the right of any party to serve legal process in any other manner permitted by applicable Law.

 

    	 	2	 

     

    

 

(d)WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A
TRIAL BY JURY IN RESPECT TO ANY LITIGATION OR OTHER ACTION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS
AGREEMENT AND ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY IN CONNECTION WITH SUCH AGREEMENTS.

 

(e)Interpretation.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting
this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
“without limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

(f)Notices.
Any notice, request, instruction or other document to be given hereunder by a party hereto shall be in writing and shall be deemed
to have been given, (i) when received if given in person or by courier or a courier service, (ii) on the date of transmission
if sent by facsimile or email (with affirmative confirmation of receipt, and provided, that the party providing notice shall within
two (2) Business Days provide notice by another method under this Section 2(f) or (iii) three (3) Business Days after being
deposited in the U.S. mail, certified or registered mail, postage prepaid:

 

	If
        to Buyer:

         

        NAC
        Global Technologies, Inc.

        1800 West Loop South, Suite 1115

        Houston, Texas 77027

        Attn: Chief Executive Officer
	with
        a copy (which will not constitute notice) to:

         

        Ellenoff,
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn: Richard Anslow, Esq.

        Email: ranslow@egsllp.com

        Telephone: (212) 370-1300

        Facsimile: (212) 370-7889

	If
    to any Restricted Holder, to the address of such Restricted Holder as set forth under the name of such Restricted Holder on
    the signature pages hereto 	with
        a copy (which will not constitute notice) to:

         

        Ellenoff,
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn: Richard Anslow, Esq.

        Email: ranslow@egsllp.com

        Telephone: (212) 370-1300

        Facsimile: (212) 370-7889

 

or
to such other individual or address as a party hereto may designate for itself by notice given as herein provided

 

    	 	3	 

     

    

 

(g)Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written consent of Buyer and Restricted
Holders holding a majority of the Restricted Shares held by all Restricted Holders. No failure or delay by a party in exercising
any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this
Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term,
condition, or provision.

 

(h)Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired
thereby nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

(i)Specific
Performance. Each Restricted Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms
that in the event of a breach of this Agreement by any Restricted Holder, money damages may be inadequate and Buyer may have not
adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed by a Restricted Holder in accordance with their specific terms or were otherwise breached. Accordingly, Buyer
shall be entitled to seek an injunction or restraining order to prevent breaches of this Agreement by any Restricted Holder and
to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or other security or
to prove that money damages would be inadequate, this being in addition to any other right or remedy to which Buyer may be entitled
under this Agreement, at law or in equity.

 

(j)Entire
Agreement. This Agreement (including any Schedules hereto) constitutes the full and entire understanding and agreement among
the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter
hereof existing between the parties is expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall
not affect the rights and obligations of the parties under the Share Exchange Agreement or any other Transaction Document.

 

(k)Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other party, it being
understood that all parties need not sign the same counterpart. Signatures delivered by facsimile or by electronic data file shall
have the same effect as originals.

 

[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]

 

    	 	4	 

     

    

 

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

 

	 	Buyer:
	 	 	 
	 	NAC     GLOBAL TECHNOLOGIES,
    INC.
	 	 	 
	 	By:	/s/Vincent
    Genovese
	 	Name:	Vincent
    Genovese
	 	Title:	Chief
    Executive Officer

 

[Signature Page to Seller Lock-Up
Agreement]

 

    

     

    

 

	 	Restricted Holders:
	 	 	 
	 	AM DREAM HOLDING LLC
	 	 	 
	 	By:	/s/
    Antonio Monesi
	 	Name:	Antonio Monesi
	 	Title:	Manager

  

	 	Address
    for Notice:
	 	 
	 	AM
    Dream Holding LLC
	 	c/o
    Mr. Antonio Monesi
	 	Bellelli
    Engineering S.p.A.
	 	Viale
    della Cooperazione
	 	37,
    45100 Rovigo, Italy
	 	 
	 	with
    a copy (which shall not constitute notice) to:
	 	 
	 	Ellenoff,
    Grossman & Schole, LLP
	 	1345
    Avenue of the Americas, 11th Floor
	 	New
    York, NY 10105
	 	Attn:
    Richard Anslow, Esq.
	 	Email:
    ranslow@egsllp.com
	 	Telephone:
    (212) 370-1300
	 	Facsimile:
    (212) 370-7889
	 	 
	 	and
	 	 
	 	Roca
    Gonzalez, P.A.
	 	3370
    Mary Street
	 	Miami,
    FL 33133
	 	Attn:
    Lorella Dal Pezzo, Esq.
	 	Email:
    ldalpezzo@rgpa.com
	 	Telephone:
    (305) 859-6050
	 	Facsimile:
    (305) 859-6051

 

[Signature Page to Seller Lock-Up
Agreement]

 

    

     

    

 

	 	/s/
    Filippo M. Puglisi
	 	Filippo
    M. Puglisi
	 	 
	 	Address
    for Notice:
	 	 
	 	Mr.
    Filippo M. Puglisi
	 	Swiss
    Heights Engineering S.A.
	 	Via
    Pioda 14
	 	6900
    Lugano, Switzerland
	 	 
	 	with
    a copy (which shall not constitute notice) to:
	 	 
	 	Ellenoff,
    Grossman & Schole, LLP
	 	1345
    Avenue of the Americas, 11th Floor
	 	New
    York, NY 10105
	 	Attn:
    Richard Anslow, Esq.
	 	Email:
    ranslow@egsllp.com
	 	Telephone:
    (212) 370-1300
	 	Facsimile:
    (212) 370-7889 

 

[Signature Page to Seller Lock-Up
Agreement]

 

    

     

    

 

SCHEDULE
A

RESTRICTED HOLDERS

 

	 	●	AM
    Dream Holding LLC
	 	 	 
	 	●	Filippo
    M. PuglisiExhibit 10.3 

 

 Amended
and Restated Employment Agreement

 

This
Amended and Restated Employment Agreement (the “Agreement”) is made and entered into as of August 12, 2016
(the “Effective Date”), by and between Vincent Genovese (the “Executive”) and NAC Global
Technologies, Inc., a Nevada corporation (the “Company”).

 

WHEREAS,
the Company desires to employ the Executive on the terms and conditions set forth herein; and

 

WHEREAS,
the Executive desires to be employed by the Company on such terms and conditions;

 

NOW,
THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, the parties agree as follows:

  

1.Term.
The Executive’s employment hereunder shall be effective as of the Effective Date and shall continue until the second (2nd)
anniversary thereof, unless terminated earlier pursuant to Section 5 of this Agreement. The employment will automatically terminate
on the second anniversary of the Effective Date unless the Company and Executive agree in writing to continue the employment beyond
that date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the “Employment
Term.”

  

2.Position
and Duties.

 

2.1Position.
During the Employment Term, the Executive shall serve as the Chief Executive Officer of the Company, reporting to Company’s
Board of Directors (the “Board”). In such position, the Executive shall have such duties, authority, and responsibility
as are consistent with the Executive’s position. The Executive shall serve as a member of the Company’s Board. The
Executive shall also serve as Chief Executive Officer of the Company’s subsidiary, NAC Drive Systems, Inc. (“NAC
Drive Systems”), a Delaware corporation, for no additional compensation until November 30, 2016; thereafter, the additional
compensation, terms and conditions for service as Chief Executive Officer of NAC Drive Systems shall be mutually agreed upon by
the Executive and the Board of Directors of NAC Drive Systems. The Company shall purchase and
maintain, at its own expense, directors’ and officers’ liability insurance providing coverage to the Executive at
a level no less protective than that provided to other Company officers and directors, within a reasonable time after the Company
obtains the financing contemplated by its Share Exchange Agreement with Swiss Heights Engineering, S.A. dated July 19, 2016.

 

     

     

    

 

2.2Duties.
During the Employment Term, the Executive shall devote necessary business time and attention to the performance of the Executive’s
duties hereunder. The Executive will allocate time as he sees necessary to ensure timely filing of SEC reporting and the expansion
of the harmonic gearing business, whether directly through NAC or through Beijing CTKM Harmonic Drive Co. Ltd., Conic Systems,
Inc. and Optimal Actuation, Inc. Executive’s duties shall include, using his utmost zeal and effort in working with the
Company’s management, auditors, and attorneys, to ensure timely and accurate reporting of financial results to the Board
of Directors, any regulator or securities exchange, and the public. Executive shall use his utmost zeal and effort working with
Company’s management, auditors, and attorneys to ensure the Company is in compliance with all requirements of the Exchange
Act of 1934, as amended, and oversee the issuance of financial information. Executive shall personally review and approve all
Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission; notwithstanding, the Executive shall not be personally
liable for the filings. Executive will not engage in any other business, profession, or occupation for compensation or otherwise
which would prohibit the performance of such services without the prior written consent of the Board; except that the Executive
does and may continue to perform services for Beijing CTKM Harmonic Drive Co. Ltd., Conic Systems, Inc. and Optimal Actuation,
Inc. until November 30, 2016, subject to the following conditions: (i) Executive will disclose in writing, within 14 days of the
Effective Date, all material details of all services Executive will provide to those companies, including the nature of the services,
the time and travel commitments they entail, the compensation Executive will receive for the services, and copies of all written
agreements concerning such services, subject to any non-disclosure agreements that the Executive may have signed. After that disclosure
Executive may be required to disclose such further details and documentation concerning Executive’s work for the aforementioned
companies as the Board of Directors may request, subject to any non-disclosure agreements that the Executive may have signed;
(ii) Between the Effective Date and November 30, 2016, the Board will evaluate and determine, in its reasonable discretion, whether
Executive’s services to those companies interfere or conflict with his performance under this Agreement; and (iii) Upon
a determination that Executive’s services to those companies do interfere or conflict with Executive’s performance
under this Agreement, the Board may, in the exercise of its reasonable discretion, order Executive to cease providing those services
within thirty (30) days of such order. An order by the Board that Executive must cease providing services to the three aforementioned
businesses shall not be considered “Good Reason” for Executive to resign his employment under this Agreement. Notwithstanding
the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director,
trustee, committee member, or principal of any type of business, civic, or charitable organization as long as such activities
are disclosed in writing to the Chairman of the Company’s Board and the Company’s Chief Financial Officer, and (b)
purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership
represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such
corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the
Executive’s duties and responsibilities to the Company as provided hereunder.

 

2.3Limitations
on Authority. The Executive shall not, except in accordance with resolution of the Board of Directors that has been reduced
to writing, spend, encumber, or disburse, any proceeds of any share offerings, rights offerings, or loans, that the Company closes
on after the Effective Date, and any disposition of any such proceeds shall be in accordance with the written directives of the
Board. 

 

3.Place
of Performance. The principal place
of Executive’s employment shall be at his home in Florida or an office in Jacksonville, Florida at the Executive’s
cost; provided that, the Executive may be required to travel on Company business during the Employment Term.

 

4.Compensation.

 

4.1Base
Salary and Deferred Accrued Salary. The Company
shall pay the Executive an annual rate of base salary of $62,500.00 (Sixty Two Thousand Five Hundred Dollars) in periodic installments
in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than
monthly. The Executive’s base salary may not be decreased during the Employment Term., other than as part of an across-the-board
salary reduction, of not more than fifteen percent (15%), which applies in the same manner to all senior executives. The Executive’s
annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” Beginning
on August 30, 2017, the Company shall pay Executive’s accrued and unpaid base salary in the amount of $215,891.00 at the
rate of $10,794.44 per month for twenty (20) months (“Accrued Salary”). The Company will pay Accrued Salary
in accordance with this Section 4.1 regardless of when Executive’s employment ends or if Executive resigns without Good
Reason or is dismissed for Cause.

 

    	 	2	 

     

    

 

4.2Discretionary
Annual Bonus.  

 

(a)For
the calendar years 2016 and 2017, the Executive shall be eligible to receive an annual bonus (the “Annual Bonus”).
However, the decision to provide any Annual Bonus and the amount and terms of any Annual Bonus shall be in the sole and absolute
discretion of the Board.

 

(b)The
Annual Bonus, if any, will be paid on or before April 15 of the year following the applicable calendar year.

 

4.3Employee
Benefits. During the Employment Term, the
Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as
in effect from time to time (collectively, “Employee Benefit Plans” on a basis which is no less favorable than
is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms
of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee Benefit Plans at any
time in its sole discretion, subject to the terms of such Employee Benefit Plans and applicable law.

 

4.4Vacation;
Paid Time-Off. During the Employment Term, the Executive shall be entitled to twenty (20) paid vacation days per calendar
year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time. The
Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies
may exist from time to time.

  

4.5Business
Expenses. The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business,
entertainment, and travel expenses incurred by the Executive in connection with the performance of the Executive’s duties
hereunder in accordance with the Company’s expense reimbursement policies and procedures.

 

4.6Indemnification.
 In the event that the Executive is made a party or threatened to be made a party to any action, suit, or proceeding, whether
civil, criminal, administrative, or investigative (a “Proceeding”), other than any Proceeding initiated by
the Executive or the Company related to any contest or dispute between the Executive and the Company or any of its affiliates
with respect to this Agreement or the Executive’s employment hereunder, by reason of the fact that the Executive is or was
a director or officer of the Company, or any affiliate of the Company, or is or was serving at the request of the Company as a
director, officer, member, employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise,
the Executive shall be indemnified and held harmless by the Company to the fullest extent applicable to any other officer or director
of the Company under the Company’s bylaws, from and against any liabilities, costs, claims, and expenses, including all
costs and expenses incurred in defense of any Proceeding (including reasonable attorneys’ fees).

  

    	 	3	 

     

    

 

4.7Clawback
Provisions. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation,
or any other compensation, paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company
which is subject to recovery under any law, government regulation, or stock exchange listing requirement, will be subject to such
deductions and clawback as may be required to be made pursuant to such law, government regulation, or stock exchange listing requirement
(or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).

  

5.Termination
of Employment. The Employment Term and the Executive’s employment hereunder may be terminated by either the Company
or the Executive at any time and for any reason; provided that, unless otherwise provided herein, either party shall be required
to give the other party at least thirty (30) days advance written notice of any termination of the Executive’s employment.
Upon termination of the Executive’s employment during the Employment Term, the Executive shall be entitled to the Accrued
Salary described in Section 4.1 and to the compensation and benefits described in this section and shall have no further rights
to any compensation or any other benefits from the Company or any of its affiliates other than as specifically set forth in this
Agreement.

  

5.1For
Cause or Without Good Reason or by Expiration of the Term.
 

 

(a)The
Executive’s employment hereunder may be terminated by the Company for Cause or by the Executive without Good Reason. If
the Executive’s employment is terminated as a result of the expiration of the Term, by the Company for Cause or by the Executive
without Good Reason, the Executive shall be entitled to receive:

 

(i)any
accrued but unpaid Base Salary and accrued but unused vacation which shall be paid on the date required by applicable law or within
one (1) week following the Termination Date, whichever is later; and

 

(ii)reimbursement
for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the
Company’s expense reimbursement policy; and

 

(iii)such
employee benefits (including equity compensation), if any, to which the Executive may be entitled under the Company’s employee
benefit plans as of the Termination Date; provided that, in no event shall the Executive be entitled to any payments in the nature
of severance or termination payments except as specifically provided herein.

 

Items
5.1(a)(i) through 5.1(a)(iii) are referred to herein collectively as the “Accrued Amounts.”.

 

(b)For
purposes of this Agreement, “Cause” shall mean the Executive’s:

 

(i)willful
failure to perform his duties (other than any such failure resulting from incapacity due to physical or mental illness); or

 

(ii)willful
failure to comply with any valid and legal directive of the Company’s Board or of the Board of NAC Drive Systems; or

 

(iii)willful
engagement in dishonesty, illegal conduct, or gross misconduct, which is, in each case, materially injurious to the Company or
its affiliates; or

 

    	 	4	 

     

    

 

(iv)embezzlement,
misappropriation, or fraud, whether or not related to the Executive’s employment with the Company; or

 

(v)conviction
of or plea of guilty or nolo contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes
a misdemeanor involving moral turpitude; or

 

(vi)violation
of a material policy of the Company or of NAC Drive Systems; or

 

(vii)willful
unauthorized disclosure of Confidential Information (as defined below); or

 

(viii)material
breach of any material obligation under this Agreement or any other written agreement between the Executive and the Company or
the Executive and NAC Drive Systems; or

 

(ix)Material
failure by the Company to comply with the Securities Exchange Act of 1934 as amended, or any other securities laws or regulations,
but only if it is a direct result of Executive’s: (A) intentional or reckless misconduct; or (B) grossly negligent act;
or (C) grossly negligent omission; and;

 

(x)
After the 30 day cure period, refusal of Executive to resign any work positions with other businesses, or to cease working for
other businesses, after being directed to do so by the Board of Directors under Section 2.2 of this Agreement.

 

(c)For
purposes of this provision, no act or failure to act on the part of the Executive shall be considered “willful” unless
it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action
or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution
duly adopted by the Board or upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted
to be done, by the Executive in good faith and in the best interests of the Company.

 

(d)Termination
of the Executive’s employment shall not be deemed to be for Cause unless and until the Company delivers to the Executive
a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the Board finding that the Executive
has engaged in the conduct described in any of (i)-(viii) above. Except for a failure, breach, or refusal which, by its nature,
cannot reasonably be expected to be cured, the Executive shall have fourteen (14) calendar days from the delivery of written notice
by the Company within which to cure any acts constituting Cause; provided however, that, if the Company reasonably expects irreparable
injury from a delay of fourteen (14) calendar days, the Company may give the Executive notice of such shorter period within which
to cure as is reasonable under the circumstances, which may include the termination of the Executive’s employment without
notice and with immediate effect.

 

    	 	5	 

     

    

 

(e)For
purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following, in each case during
the Employment Term without the Executive’s written consent:

 

(i)a
material reduction in the Executive’s Base Salary other than a general reduction in Base Salary that affects all similarly
situated executives in substantially the same proportions; or

 

(ii)a
relocation of the Executive’s principal place of employment by more than fifty (50) miles; or

 

(iii)any
material breach by the Company of any material provision of this Agreement; or

 

(iv)the
Company’s failure to obtain an agreement from any successor to the Company to assume and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to perform if no succession had taken place, except
where such assumption occurs by operation of law; or

 

(v)a
material, adverse change in the Executive’s title, authority, duties, or responsibilities (other than temporarily while
the Executive is physically or mentally incapacitated or as required by applicable law) taking into account the Company’s
size, status as a public company, and capitalization as of the date of this Agreement;

 

(f)
The Executive cannot terminate his employment for Good Reason unless he has provided written notice to the Company of the existence
of the circumstances providing grounds for termination for Good Reason within 60 (sixty) days of the initial existence of such
grounds and the Company has had at least 30 (thirty) days from the date on which such notice is provided to cure such circumstances.
If the Executive does not terminate his employment for Good Reason within 90 (ninety) days after the first occurrence of the applicable
grounds, then the Executive will be deemed to have waived his right to terminate for Good Reason with respect to such grounds.

 

5.2Without
Cause or for Good Reason. The Employment Term and the Executive’s employment hereunder may be terminated by the
Executive for Good Reason or by the Company without Cause. In the event of such termination, the Executive shall be entitled to
receive the Accrued Amounts and subject to the Executive’s compliance with Section 6, Section 7, Section 8 and Section 9
of this Agreement and his execution of a release of claims in favor of the Company, its affiliates and their respective officers
and directors in a form provided by the Company (the “Release”) and such Release becoming effective within
30 (thirty) days following the Termination Date (such 30-day period, the “Release Execution Period”), the Executive
shall be entitled to receive the following:

 

(a)continued
Base Salary through and including the second anniversary of the Effective Date; and

 

(b)if
the termination takes place after the first anniversary of this Agreement, and Executive was awarded an annual bonus for his first
year’s work, a payment equal to the product of (i) the Executive’s Annual Bonus, if any, that the Executive received
for the calendar year prior to the year in which the Termination Date occurs and (ii) a fraction, the numerator of which is the
number of days the Executive was employed by the Company during the year of termination and the denominator of which is the number
of days in such year (the “Pro-Rata Bonus”). This amount shall be paid on the date that annual bonuses are
paid to similarly situated executives, but in no event later than two-and-a-half (2 1/2) months following the end of the calendar
year in which the Termination Date occurs;

  

    	 	6	 

     

    

 

5.3Death
or Disability.  

 

(a)The
Executive’s employment hereunder shall terminate automatically upon the Executive’s death during the Employment Term,
and the Company may terminate the Executive’s employment on account of the Executive’s Disability.

 

(b)If
the Executive’s employment is terminated during the Employment Term on account of the Executive’s death or Disability,
the Executive (or the Executive’s estate and/or beneficiaries, as the case may be) shall be entitled to receive the following:

 

(i)the
Accrued Amounts; and

 

(ii)the
Pro Rata Bonus.

 

(c)Notwithstanding
any other provision contained herein, all payments made in connection with the Executive’s Disability shall be provided
in a manner which is consistent with federal and state law.

 

(d)For
purposes of this Agreement, “Disability” shall mean the Executive’s inability, due to physical or mental
incapacity, to perform the essential functions of his job, with or without reasonable accommodation, for one hundred eighty (180)
days out of any three hundred sixty-five (365) day period or one hundred twenty (120) consecutive days. Any question as to the
existence of the Executive’s Disability as to which the Executive and the Company cannot agree shall be determined in writing
by a qualified independent physician mutually acceptable to the Executive and the Company. If the Executive and the Company cannot
agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third
who shall make such determination in writing. The determination of Disability made in writing to the Company and the Executive
shall be final and conclusive for all purposes of this Agreement.

 

 5.4Notice
of Termination. Any termination of the Executive’s employment hereunder by the Company or by the Executive during
the Employment Term (other than termination pursuant to Section 5.3(a) on account of the Executive’s death) shall be communicated
by written notice of termination (“Notice of Termination”) to the other party hereto in accordance with Section
27. The Notice of Termination shall specify:

  

(a)The
termination provision of this Agreement relied upon;

  

    	 	7	 

     

    

 

(b)To
the extent applicable, the facts and circumstances claimed to provide a basis for termination of the Executive’s employment
under the provision so indicated; and

 

(c)The
applicable Termination Date.

 

5.5Termination
Date. The Executive’s “Termination
Date” shall be:

 

(a)If
the Executive’s employment hereunder terminates on account of the Executive’s death, the date of the Executive’s
death;

 

(b)If
the Executive’s employment hereunder is terminated on account of the Executive’s Disability, the date that it is determined
that the Executive has a Disability;

 

(c)If
the Company terminates the Executive’s employment hereunder for Cause, the date the Notice of Termination is delivered to
the Executive;

 

(d)If
the Company terminates the Executive’s employment hereunder without Cause, the date specified in the Notice of Termination,
which shall be no less than 14 (fourteen) days following the date on which the Notice of Termination is delivered; provided that,
the Company shall have the option to provide the Executive with a lump sum payment equal to 14 (fourteen) days’ Base Salary
in lieu of such notice, which shall be paid in a lump sum on the Executive’s Termination Date and for all purposes of this
Agreement, the Executive’s Termination Date shall be the date on which such Notice of Termination is delivered;

  

(e)If
the Executive terminates his employment hereunder with or without Good Reason, the date specified in the Executive’s Notice
of Termination, which shall be no less than 14 (fourteen) days following the date on which the Notice of Termination is delivered;
provided that, the Company may waive all or any part of the fourteen-day notice period for no consideration by giving written
notice to the Executive and for all purposes of this Agreement, the Executive’s Termination Date shall be the date determined
by the Company; and

 

Notwithstanding
anything contained herein, the Termination Date shall not occur until the date on which the Executive incurs a “separation
from service” within the meaning of Section 409A.

 

5.6Mitigation.
In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement and except as provided in Section 5.2(c), any amounts payable
pursuant to this Section 5 shall not be reduced by compensation the Executive earns on account of employment with another employer.

 

5.7Resignation
of All Other Positions. Upon termination
of the Executive’s employment hereunder for any reason, the Executive, effective on the Termination Date, shall be deemed
to have resigned from all positions that the Executive holds as an officer, employee, or member of the Board (or a committee thereof)
of the Company, or as an officer, employee, or member of the Board of any of the Company’s affiliates.

 

6.Cooperation.
The parties agree that certain matters in which the Executive will be involved during the Employment Term may necessitate the
Executive’s cooperation in the future. Accordingly, following the termination of the Executive’s employment for any
reason, to the extent reasonably requested by the Board, the Executive shall cooperate with the Company in connection with matters
arising out of the Executive’s service to the Company; provided that, the Company shall make reasonable efforts to minimize
disruption of the Executive’s other activities. The Company shall reimburse the Executive for reasonable expenses incurred
in connection with such cooperation and, to the extent that the Executive is required to spend substantial time on such matters,
the Company shall compensate the Executive at an hourly rate of $75.00 (seventy-five dollars).

 

    	 	8	 

     

    

 

7.Confidential
Information. The Executive understands
and acknowledges that during the Employment Term, he will have access to and learn about Confidential Information, as defined
below.

 

7.1Confidential
Information Defined.

 

(a)Definition.

 

For
purposes of this Agreement, “Confidential Information” includes, but is not limited to, all information not
generally known to the public, in spoken, printed, electronic or any other form or medium, relating directly or indirectly to:
business processes, practices, methods, policies, plans, publications, documents, research, operations, services, strategies,
techniques, agreements, contracts, terms of agreements, transactions, potential transactions, negotiations, pending negotiations,
know-how, trade secrets, computer programs, computer software, applications, operating systems, software design, web design, work-in-process,
databases, manuals, records, articles, systems, material, sources of material, supplier information, vendor information, financial
information, results, accounting information, accounting records, legal information, marketing information, advertising information,
pricing information, credit information, design information, payroll information, staffing information, personnel information,
employee lists, supplier lists, vendor lists, developments, reports, internal controls, security procedures, graphics, drawings,
sketches, market studies, sales information, revenue, costs, formulae, notes, communications, algorithms, product plans, designs,
styles, models, ideas, audiovisual programs, inventions, unpublished patent applications, original works of authorship, discoveries,
experimental processes, experimental results, specifications, customer information, customer lists, client information, client
lists, manufacturing information, factory lists, distributor lists, and buyer lists of the Company or its businesses or any existing
or prospective customer, supplier, investor or other associated third party, or of any other person or entity that has entrusted
information to the Company in confidence.

 

(i)The
Executive understands that the above list is not exhaustive, and that Confidential Information also includes other information
that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to
be confidential or proprietary in the context and circumstances in which the information is known or used.

 

(ii)The
Executive understands and agrees that Confidential Information includes information developed by him in the course of his employment
by the Company as if the Company furnished the same Confidential Information to the Executive in the first instance. Confidential
Information shall not include information that is generally available to and known by the public at the time of disclosure to
the Executive; provided that, such disclosure is through no direct or indirect fault of the Executive or person(s) acting on the
Executive’s behalf.

 

(b)Company
Creation and Use of Confidential Information.

 

The
Executive understands and acknowledges that the Company has invested, and continues to invest, substantial time, money, and specialized
knowledge into developing its resources, creating a customer base, generating customer and potential customer lists, training
its employees, and improving its offerings in the field of precision harmonic gearing components and gearheads. The Executive
understands and acknowledges that as a result of these efforts, the Company has created, and continues to use and create Confidential
Information. This Confidential Information provides the Company with a competitive advantage over others in the marketplace.

 

    	 	9	 

     

    

 

(c)Disclosure
and Use Restrictions.

 

The
Executive agrees and covenants: (i) to treat all Confidential Information as strictly confidential; (ii) not to directly or indirectly
disclose, publish, communicate, or make available Confidential Information, or allow it to be disclosed, published, communicated,
or made available, in whole or part, to any entity or person whatsoever (including other employees of the Company) not having
a need to know and authority to know and use the Confidential Information in connection with the business of the Company and,
in any event, not to anyone outside of the direct employ of the Company except as required in the performance of the Executive’s
authorized employment duties to the Company or with the prior consent of Chairman of the Board acting on behalf of the Company
in each instance (and then, such disclosure shall be made only within the limits and to the extent of such duties or consent);
and (iii) not to access or use any Confidential Information, and not to copy any documents, records, files, media, or other resources
containing any Confidential Information, or remove any such documents, records, files, media, or other resources from the premises
or control of the Company, except as required in the performance of the Executive’s authorized employment duties to the
Company or with the prior consent of the Chairman of the Board acting on behalf of the Company in each instance (and then, such
disclosure shall be made only within the limits and to the extent of such duties or consent). Nothing herein shall be construed
to prevent disclosure of Confidential Information as may be required by applicable law or regulation, or pursuant to the valid
order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure does not exceed the
extent of disclosure required by such law, regulation, or order. The Executive shall promptly provide written notice of any such
order to the Chairman of the Company’s Board.

 

(d)Notice
of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016. Notwithstanding
any other provision of this Agreement:

 

(i)The
Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade
secret that:

 

(A)
is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney;
and (2) solely for the purpose of reporting or investigating a suspected violation of law; or

 

(B)is
made in a complaint or other document filed under seal in a lawsuit or other proceeding.

 

(ii)If
the Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, the Executive may disclose
the Company’s trade secrets to the Executive’s attorney and use the trade secret information in the court proceeding
if the Executive:

 

(A)
files any document containing trade secrets under seal; and

 

(B)does
not disclose trade secrets, except pursuant to court order.

 

The
Executive understands and acknowledges that his obligations under this Agreement with regard to any particular Confidential Information
shall commence immediately upon the Executive first having access to such Confidential Information (whether before or after he
begins employment by the Company) and shall continue during and after his employment by the Company until such time as such Confidential
Information has become public knowledge other than as a result of the Executive’s breach of this Agreement or breach by
those acting in concert with the Executive or on the Executive’s behalf.

 

    	 	10	 

     

    

 

8.Restrictive
Covenants.

 

8.1Acknowledgement.
The Executive understands that the nature of the Executive’s position gives him access to and knowledge of Confidential
Information and places him in a position of trust and confidence with the Company. The Executive further understands and acknowledges
that the Company’s ability to preserve its Confidential Information for the exclusive knowledge and use of the Company is
of great competitive importance and commercial value to the Company, and that improper use or disclosure by the Executive is likely
to result in unfair or unlawful competitive activity.

 

8.2Non-Competition.
Because of the Company’s legitimate business interest as described herein and the good and valuable consideration offered
to the Executive, during the Employment Term and for a period of 12 (twelve) months, to run consecutively, beginning on the last
day of the Executive’s employment with the Company, whether the Executive’s employment is terminated for any reason
or no reason, and whether employment is terminated at the option of the Executive or the Company, the Executive agrees and covenants
not to engage in Prohibited Activity within the States of Florida, Texas, or New York, or the Italian Republic.

 

8.2.1For
purposes of this Section 8, “Prohibited Activity” is activity in which the Executive contributes his knowledge,
directly or indirectly, in whole or in part, as an employee, employer, owner, operator, manager, advisor, consultant, agent, employee,
partner, director, stockholder, officer, volunteer, intern, or any other similar capacity to an entity engaged in the same or
similar business as the Company and its affiliates, including those providing engineering, design and maintenance services to
the upstream oil and gas industry. Prohibited Activity also includes activity that may require or inevitably requires disclosure
of trade secrets, proprietary information or Confidential Information. For the avoidance of doubt, Prohibited Activity shall not
include Executive performing services for Beijing CTKM Harmonic Drive Co. Ltd., Conic Systems, Inc. or Optimal Actuation, Inc.

 

8.2.2Nothing
herein shall prohibit the Executive from purchasing or owning less than five percent (5%) of the publicly traded securities of
any corporation, provided that such ownership represents a passive investment and that the Executive is not a controlling person
of, or a member of a group that controls, such corporation.

 

8.3Non-Solicitation
of Employees. The Executive agrees and covenants
not to directly or indirectly solicit, hire, recruit, attempt to hire or recruit, or induce the termination of employment of any
employee of the Company for a period of twelve (12) months, to run consecutively, beginning on the last day of the Executive’s
employment with the Company.

 

8.4Non-Solicitation
of Customers. The Executive understands and
acknowledges that because of the Executive’s experience with and relationship to the Company, he will have access to and
learn about much or all of the Company’s customer information. “Customer Information” includes, but is
not limited to, names, phone numbers, addresses, e-mail addresses, order history, order preferences, chain of command, pricing
information, and other information identifying facts and circumstances specific to the customer and relevant to sales/services.

 

    	 	11	 

     

    

 

8.4.1The
Executive understands and acknowledges that loss of customer relationships and/or goodwill will cause significant and irreparable
harm.

 

8.4.2The
Executive agrees and covenants, for a period of twelve (12) months, to run consecutively, beginning on the last day of the Executive’s
employment with the Company, not to directly or indirectly solicit, contact (including but not limited to e-mail, regular mail,
express mail, telephone, fax, and instant message), attempt to contact, or meet with the Company’s current, former, or prospective
customers for purposes of offering or accepting goods or services similar to or competitive with those offered by the Company,
other than in connection with Beijing CTKM Harmonic Drive Co. Ltd., Conic Systems, Inc. or Optimal Actuation, Inc.. This restriction
shall only apply to:

 

(a)Customers
or prospective customers the Executive contacted in any way during the past twelve (12) months;

 

(b)Customers
about whom the Executive has trade secret or confidential information;

 

(c)Customers
who became customers during the Executive’s employment with the Company; and

 

(d)Customers
about whom the Executive has information that is not available publicly.

 

9.Non-Disparagement.
The Executive agrees and covenants that he will not at any time make, publish or communicate to any person or entity or in any
public forum any defamatory or disparaging remarks, comments, or statements concerning the Company or its businesses, or any of
its employees, officers, and existing and prospective customers, suppliers, investors and other associated third parties.

 

9.1This
Section 9 does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such rights
cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent
jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation,
or order. The Executive shall promptly provide written notice of any such order to the Chairman of the Company’s Board.

 

9.2The
Company agrees and covenants that it shall cause its officers and directors to refrain from making any defamatory or disparaging
remarks, comments, or statements concerning the Executive to any third parties.

 

10.Acknowledgement.
The Executive acknowledges and agrees that the services to be rendered by him to the Company are of a special and unique character;
that the Executive will obtain knowledge and skill relevant to the Company’s industry, methods of doing business and marketing
strategies by virtue of the Executive’s employment; and that the restrictive covenants and other terms and conditions of
this Agreement are reasonable and reasonably necessary to protect the legitimate business interest of the Company.

 

    	 	12	 

     

    

 

10.1The
Executive further acknowledges that the amount of his compensation reflects, in part, his obligations and the Company’s
rights under Section 7, Section 8, and Section 9 of this Agreement; that he has no expectation of any additional compensation,
royalties or other payment of any kind not otherwise referenced herein in connection herewith; and that he will not be subject
to undue hardship by reason of his full compliance with the terms and conditions of Section, 7, Section 8, and Section 9 of this
Agreement or the Company’s enforcement thereof.

 

11.Remedies.
In the event of a breach or threatened breach by the Executive of Section, 7, Section 8, and Section 9 of this Agreement, the
Executive hereby consents and agrees that the Company shall be entitled to seek, in addition to other available remedies, a temporary
or permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction,
without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the
necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu of,
legal remedies, monetary damages, or other available forms of relief.

 

12.
Arbitration.
Any dispute, controversy or claim arising out of or related to this Agreement or any breach of this Agreement shall be submitted
to and decided by binding arbitration. Arbitration shall be administered exclusively by the American Arbitration Association and
shall be conducted consistent with the rules, regulations, and requirements thereof as well as any requirements imposed by state
law. Any arbitral award determination shall be final and binding upon the parties.

 

13.Proprietary
Rights.

 

13.1Work
Product. The Executive acknowledges and agrees
that all right, title, and interest in and to all writings, works of authorship, technology, inventions, discoveries, processes,
techniques, methods, ideas, concepts, research, proposals, materials, and all other work product of any nature whatsoever, that
are created, prepared, produced, authored, edited, amended, conceived, or reduced to practice by the Executive individually or
jointly with others during the period of his employment by the Company and relate in any way to the business or contemplated business,
products, activities, research, or development of the Company or result from any work performed by the Executive for the Company,
other than in connection with Beijing CTKM Harmonic Drive Co. Ltd., Conic Systems, Inc. or Optimal Actuation, Inc., (in each case,
regardless of when or where prepared or whose equipment or other resources is used in preparing the same), all rights and claims
related to the foregoing, and all printed, physical and electronic copies, and other tangible embodiments thereof (collectively,
“Work Product”), as well as any and all rights in and to US and foreign (a) patents, patent disclosures and
inventions (whether patentable or not), (b trademarks, service marks, trade dress, trade names, logos, corporate names, and domain
names, and other similar designations of source or origin, together with the goodwill symbolized by any of the foregoing, (c)
copyrights and copyrightable works (including computer programs), mask works, and rights in data and databases, (d) trade secrets,
know-how, and other confidential information, and (e) all other intellectual property rights, in each case whether registered
or unregistered and including all registrations and applications for, and renewals and extensions of, such rights, all improvements
thereto and all similar or equivalent rights or forms of protection in any part of the world (collectively, “Intellectual
Property Rights”), shall be the sole and exclusive property of the Company.

 

For
purposes of this Agreement, Work Product includes, but is not limited to, Company information, including plans, publications,
research, strategies, techniques, agreements, documents, contracts, terms of agreements, negotiations, know-how, computer programs,
computer applications, software design, web design, work in process, databases, manuals, results, developments, reports, graphics,
drawings, sketches, market studies, formulae, notes, communications, algorithms, product plans, product designs, styles, models,
audiovisual programs, inventions, unpublished patent applications, original works of authorship, discoveries, experimental processes,
experimental results, specifications, customer information, client information, customer lists, client lists, manufacturing information,
marketing information, advertising information, and sales information.

 

    	 	13	 

     

    

 

13.2Work
Made for Hire; Assignment. The Executive
acknowledges that, by reason of being employed by the Company at the relevant times, to the extent permitted by law, all of the
Work Product consisting of copyrightable subject matter is “work made for hire” as defined in 17 U.S.C. § 101
and such copyrights are therefore owned by the Company, other than works created by Executive in connection with Beijing CTKM
Harmonic Drive Co. Ltd., Conic Systems, Inc. or Optimal Actuation, Inc. To the extent that the foregoing does not apply, the Executive
hereby irrevocably assigns to the Company, for no additional consideration, the Executive’s entire right, title, and interest
in and to all Work Product and Intellectual Property Rights therein, including the right to sue, counterclaim, and recover for
all past, present, and future infringement, misappropriation, or dilution thereof, and all rights corresponding thereto throughout
the world. Nothing contained in this Agreement shall be construed to reduce or limit the Company’s rights, title, or interest
in any Work Product or Intellectual Property Rights so as to be less in any respect than that the Company would have had in the
absence of this Agreement.

 

13.3Further
Assurances; Power of Attorney. During and
after his employment, the Executive agrees to reasonably cooperate with the Company to (a) apply for, obtain, perfect, and transfer
to the Company the Work Product as well as any and all Intellectual Property Rights in the Work Product in any jurisdiction in
the world; and (b) maintain, protect and enforce the same, including, without limitation, giving testimony and executing and delivering
to the Company any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments
as shall be requested by the Company. The Executive hereby irrevocably grants the Company power of attorney to execute and deliver
any such documents on the Executive’s behalf in his name and to do all other lawfully permitted acts to transfer the Work
Product to the Company and further the transfer, prosecution, issuance, and maintenance of all Intellectual Property Rights therein,
to the full extent permitted by law, if the Executive does not promptly cooperate with the Company’s request (without limiting
the rights the Company shall have in such circumstances by operation of law). The power of attorney is coupled with an interest
and shall not be affected by the Executive’s subsequent incapacity.

 

13.4No
License. The Executive understands that this
Agreement does not, and shall not be construed to, grant the Executive any license or right of any nature with respect to any
Work Product or Intellectual Property Rights or any Confidential Information, materials, software, or other tools made available
to him by the Company.

 

14.Security.

 

14.1Security
and Access. The Executive agrees and covenants
(a) to comply with all Company security policies and procedures as in force from time to time including without limitation those
regarding computer equipment, telephone systems, voicemail systems, facilities access, monitoring, key cards, access codes, Company
intranet, internet, social media and instant messaging systems, computer systems, e-mail systems, computer networks, document
storage systems, software, data security, encryption, firewalls, passwords and any and all other Company facilities, IT resources
and communication technologies (“Facilities and Information Technology Resources”); (b) not to access or use
any Facilities and Information Technology Resources except as authorized by the Company; and (c) not to access or use any Facilities
and Information Technology Resources in any manner after the termination of the Executive’s employment by the Company, whether
termination is voluntary or involuntary. The Executive agrees to notify the Company promptly in the event he learns of any violation
of the foregoing by others, or of any other misappropriation or unauthorized access, use, reproduction, or reverse engineering
of, or tampering with any Facilities and Information Technology Resources or other Company property or materials by others.

 

    	 	14	 

     

    

 

14.2Exit
Obligations. Upon (a) voluntary or involuntary
termination of the Executive’s employment or (b) the Company’s request at any time during the Executive’s employment,
the Executive shall (i) provide or return to the Company any and all Company property , including keys, key cards, access cards,
identification cards, security devices, employer credit cards, network access devices, computers, cell phones, smartphones, PDAs,
pagers, fax machines, equipment, speakers, webcams, manuals, reports, files, books, compilations, work product, e-mail messages,
recordings, tapes, disks, thumb drives or other removable information storage devices, hard drives, negatives and data and all
Company documents and materials belonging to the Company and stored in any fashion, including but not limited to those that constitute
or contain any Confidential Information or Work Product, that are in the possession or control of the Executive, whether they
were provided to the Executive by the Company or any of its business associates or created by the Executive in connection with
his employment by the Company; and (ii) delete or destroy all copies of any such documents and materials not returned to the Company
that remain in the Executive’s possession or control, including those stored on any non-Company devices, networks, storage
locations, and media in the Executive’s possession or control.

 

15.
Publicity.
The Executive hereby irrevocably consents to any and all uses and displays, by the Company and its agents, representatives and
licensees, of the Executive’s name, voice, likeness, image, appearance, and biographical information in, on or in connection
with any pictures, photographs, audio and video recordings, digital images, websites, television programs and advertising, other
advertising and publicity, sales and marketing brochures, books, magazines, other publications, CDs, DVDs, tapes, and all other
printed and electronic forms and media throughout the world, at any time during or after the period of his employment by the Company,
for all legitimate commercial and business purposes of the Company (“Permitted Uses”) without further consent
from or royalty, payment, or other compensation to the Executive. The Executive hereby forever waives and releases the Company
and its affiliates, subsidiaries, and their respective directors, officers, employees, and agents from any and all claims, actions,
damages, losses, costs, expenses, and liability of any kind, arising under any legal or equitable theory whatsoever at any time
during or after the period of his employment by the Company, arising directly or indirectly from the Company’s and its agents’,
representatives’, and licensees’ exercise of their rights in connection with any Permitted Uses.

 

16.Governing
Law: Jurisdiction and Venue. This
Agreement, for all purposes, shall be construed in accordance with the laws of New York without regard to conflicts of law principles.
Any action or proceeding by either of the parties to enforce this Agreement shall be brought only in a state or federal court
located in the State of New York, County of New York. The parties hereby irrevocably submit to the non-exclusive jurisdiction
of such courts and waive the defense of inconvenient forum to the maintenance of any such action or proceeding in such venue.

 

17.Stock
Ownership Requirements. During the
Employment Term, the Executive shall be expected to maintain ownership of Company common stock having a value equal to approximately
$50,000.00 (fifty thousand dollars) in accordance with guidelines established by the Company’s Board of Directors from time
to time. The Executive will be required to meet this ownership requirement within one year after the Effective Date.

 

    	 	15	 

     

    

 

18.Entire
Agreement. Unless specifically provided
herein, this Agreement contains all of the understandings and representations between the Executive and the Company pertaining
to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations and warranties,
both written and oral, with respect to such subject matter. The parties warrant that, in agreeing to the terms of this Agreement,
they have not relied upon any oral statements or upon any written statements not contained in this Agreement. The parties mutually
agree that the Agreement can be specifically enforced in court and can be cited as evidence in legal proceedings alleging breach
of the Agreement.

 

19.Modification
and Waiver. No provision of this Agreement
may be amended or modified unless such amendment or modification is agreed to in writing and signed by the Executive and by the
Chairman of the Board pursuant to a resolution approved by the majority of the board that has been reduced to writing. No waiver
by either of the parties of any breach by the other party hereto of any condition or provision of this Agreement to be performed
by the other party hereto shall be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior
or subsequent time, nor shall the failure of or delay by either of the parties in exercising any right, power, or privilege hereunder
operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such right, power,
or privilege.

 

20.Severability.
Should any provision of this Agreement be held by a court of competent jurisdiction to be enforceable only if modified, or if
any portion of this Agreement shall be held as unenforceable and thus stricken, such holding shall not affect the validity of
the remainder of this Agreement, the balance of which shall continue to be binding upon the parties with any such modification
to become a part hereof and treated as though originally set forth in this Agreement.

 

20.1The
parties further agree that any such court is expressly authorized to modify any such unenforceable provision of this Agreement
in lieu of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision,
deleting any or all of the offending provision, adding additional language to this Agreement, or by making such other modifications
as it deems warranted to carry out the intent and agreement of the parties as embodied herein to the maximum extent permitted
by law.

 

20.2The
parties expressly agree that this Agreement as so modified by the court shall be binding upon and enforceable against each of
them. In any event, should one or more of the provisions of this Agreement be held to be invalid, illegal, or unenforceable in
any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and if such provision
or provisions are not modified as provided above, this Agreement shall be construed as if such invalid, illegal, or unenforceable
provisions had not been set forth herein.

 

21.Company
Action. Notwithstanding anything to the contrary contained in this Agreement, all actions, determinations and authorizations
on the part of the Company under this Agreement shall be taken and authorized by the Board (excluding, to the extent applicable,
Executive, who shall abstain from any such matter), and the Company shall not be deemed to have taken any action, made any determination
or provided any authorization under this Agreement that has not been so authorized by the Board.

 

    	 	16	 

     

    

 

22.Captions.
Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience and no provision of
this Agreement is to be construed by reference to the caption or heading of any section or paragraph.

 

23.Counterparts.
This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which taken together
shall constitute one and the same instrument.

 

24.
Tolling. Should
the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will
run from the first date on which the Executive ceases to be in violation of such obligation. 

 

25.Section
409A.

  

25.1General
Compliance. This Agreement is intended to
comply with Section 409A or an exemption thereunder and shall 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 shall be excluded from Section
409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall
be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be
made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations
that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable
for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by the Executive on account of
non-compliance with Section 409A.

 

25.2Specified
Employees. Notwithstanding any other provision
of this Agreement, if any payment or benefit provided to the Executive in connection with his termination of employment is determined
to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is determined
to be a “specified employee” as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid
until the first payroll date to occur following the six-month anniversary of the Termination Date or, if earlier, on the Executive’s
death (the “Specified Employee Payment Date”). The aggregate of any payments that would otherwise have been
paid before the Specified Employee Payment Date and interest on such amounts calculated based on the applicable federal rate published
by the Internal Revenue Service for the month in which the Executive’s separation from service occurs shall be paid to the
Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay
in accordance with their original schedule.

 

25.3Reimbursements.
To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided
in accordance with the following:

 

(a)the
amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses
eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year;

  

    	 	17	 

     

    

 

(b)any
reimbursement of an eligible expense shall be paid to the Executive on or before the last day of the calendar year following the
calendar year in which the expense was incurred; and

  

(c)any
right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit.

 

26.
Notification to Subsequent Employer.
When the Executive’s employment with the Company terminates, the Executive agrees to notify any subsequent employer of the
restrictive covenants sections contained in this Agreement. The Executive will also deliver a copy of such notice to the Company
before the Executive commences employment with any subsequent employer. In addition, the Executive authorizes the Company to provide
a copy of the restrictive covenants sections of this Agreement to third parties, including but not limited to, the Executive’s
subsequent, anticipated, or possible future employer.

 

27.Successors
and Assigns. This Agreement is personal
to the Executive and shall not be assigned by the Executive. Any purported assignment by the Executive shall be null and void
from the initial date of the purported assignment. The Company may assign this Agreement to any successor or assign (whether direct
or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Company.
This Agreement shall inure to the benefit of the Company and permitted successors and assigns.

 

28.Notice.
Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent
by registered or certified mail, return receipt requested, or by overnight carrier to the parties at the addresses set forth below
(or such other addresses as specified by the parties by like notice):

 

If
to the Company:

 

NAC
Global Technologies, Inc.

Company
Headquarters

Suite
1115

1800
West Loop South

Houston,
Texas 77027

Attn:
Chief Financial Officer

 

with
a copy to (which will not constitute notice) to each of:

 

Swiss
Heights Engineering S.A.

Via Pioda 14

6900 Lugano

Switzerland

Attn: Filippo M. Puglisi

 

and

 

Ellenoff,
Grossman & Schole, LLP

1345 Avenue of the Americas, 11th Floor

New York, NY 10105

Attn: Richard Anslow, Esq.

Email: ranslow@egsllp.com

Telephone: (212) 370-1300

Facsimile: (212) 370-7889

 

    	 	18	 

     

    

 

If
to the Executive:

 

Mr.
Vincent Genovese

24484 Harbour View Drive

Vedra Beach, Florida 32082

  

29.Representations
of the Executive. The Executive represents
and warrants to the Company that:

 

(a)The
Executive’s acceptance of employment with the Company and the performance of his duties hereunder will not conflict with
or result in a violation of, a breach of, or a default under any contract, agreement, or understanding to which he is a party
or is otherwise bound.

 

(b)The
Executive’s acceptance of employment with the Company and the performance of his duties hereunder will not violate any non-solicitation,
non-competition, or other similar covenant or agreement of a prior employer.

 

30.Withholding.
The Company shall have the right to withhold from any amount payable hereunder any Federal, state, and local taxes in order for
the Company to satisfy any withholding tax obligation it may have under any applicable law or regulation.

 

31.Survival.
Upon the expiration or other termination of this Agreement, the respective rights and obligations of the parties hereto shall
survive such expiration or other termination to the extent necessary to carry out the intentions of the parties under this Agreement.

 

32.Acknowledgement
of Full Understanding. THE EXECUTIVE
ACKNOWLEDGES AND AGREES THAT HE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. THE EXECUTIVE ACKNOWLEDGES
AND AGREES THAT HE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF HIS CHOICE BEFORE SIGNING THIS AGREEMENT.

 

[signature
page follows]

 

    	 	19	 

     

    

  

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

 

	 	NAC
    Global Technologies, Inc.
	 	 
	 	By:	/s/
    Antonio Monesi
	 	Name:	Antonio
    Monesi
	 	Title:	President

  

	AGREED
    TO AND ACCEPTED:	 
	 	 
	/s/
    Vincent     Genovese 	 
	Vincent
    Genovese

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