Document:

Exhibit 10.24

		
			EMPLOYMENT AGREEMENT
		

		
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			This Employment Agreement (this “Agreement”) is made as of April 3, 2019, between Timothy Brackney (“Executive”) and Resources Connection, Inc. (the “Company”).    
		

		
			RECITALS
		

		
			WHEREAS, the Company desires to establish its right to the services of Executive in the capacities described below, on the terms and conditions hereinafter set forth, and Executive is willing to accept such employment on such terms and conditions.      
		

		
			AGREEMENT
		

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

			
	
			
				 1. 
			RETENTION 

		
			The Company does hereby hire, engage, and employ Executive as President & Chief Operating Officer, of the Company during the Period of Employment (as defined in Section 3), and Executive does hereby accept and agree to such hiring, engagement, and employment, on the terms and conditions expressly set forth in this Agreement.    As of the Effective Date (as defined below), this Agreement supersedes and replaces, in its entirety, the prior Employment Agreement that Executive entered into with the Company dated October 5, 2018.   
		

			
	
			
				 2. 
			DUTIES

		
			During the Period of Employment (as defined in Section 3), Executive shall serve the Company in such position fully, diligently, competently, and in conformity with the provisions of this Agreement, directives of the Chief Executive Officer and the Board of Directors of the Company (the “Board”), and the corporate policies of the Company as they presently exist, and as such policies may be amended, modified, changed, or adopted during the Period of Employment.  In this position, Executive shall report to the Chief Executive Officer.  If requested by the Company, Executive shall also serve as a member of the Board and any Board committees without additional compensation.
		

		
			Throughout the Period of Employment, Executive shall devote his full business time, energy, and skill to the performance of  his duties for the Company, vacations and other leave authorized under this Agreement excepted.  The foregoing notwithstanding, Executive shall be permitted to (i) engage in charitable and community affairs, and (ii) to make investments of any character in any business or businesses and to manage such investments (but not be involved in the day-to-day operations of any such business); provided, in each case, and in the aggregate, that such activities do not interfere with the performance of Executive’s duties hereunder or conflict with the provisions of Sections 14 and 15, and further provided that Executive shall not serve as a director of any other publicly traded entity without gaining the consent of the Chief Executive Officer and the Corporate Governance and Nominating Committee of the Board prior to the commencement of such service.
		

		

		

		 

		

			 

		

		

			 

		

 

		Executive shall exercise due diligence and care in the performance of  his duties for and the fulfillment of  his obligations to the Company under this Agreement.
		

		
			During the Period of Employment, the Company shall furnish Executive with office, secretarial and other facilities and services as are reasonably necessary or appropriate for the performance of Executive’s duties hereunder and consistent with  his position as a President & Chief Operating Officer of the Company.
		

		
			Executive hereby represents to the Company that the execution and delivery of this Agreement by Executive and the Company and the performance by Executive of Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any employment or other agreement or policy to which Executive is a party or otherwise bound.
		

			
	
			
				 3. 
			PERIOD OF EMPLOYMENT

		
			The “Period of Employment” shall, unless sooner terminated as provided herein, be three (3) years commencing on April 3, 2019 (the “Effective Date”) and ending with the close of business on April 2, 2022.  Notwithstanding the preceding sentence, commencing with April 3, 2022, and on each April 3 thereafter (each an “Extension Date”), the Period of Employment shall be automatically extended for an additional one-year period, unless the Company or Executive provides the other party hereto sixty (60) days’ prior written notice before the next scheduled Extension Date that the Period of Employment shall not be so extended (the “Non-Extension Notice”).  The term “Period of Employment” shall include any extension that becomes applicable pursuant to the preceding sentence.  In all cases, the Period of Employment is subject to termination pursuant to Sections 6, 7 and 8 below.
		

			
	
			
				 1. 
			COMPENSATION

		
			BASE SALARY.  During the Period of Employment, the Company shall pay Executive, and Executive agrees to accept from the Company, in payment for his services, a base salary of five hundred thousand dollars ($500,000) per year (“Base Salary”), payable in accordance with the Company’s general payroll practices in effect from time to time (but in no event less frequently than in monthly installments).  The determination of whether Executive’s Base Salary will be upwardly adjusted is within the sole and absolute discretion of the Chief Executive Officer in consultation with the Board (or a committee of the Board).
		

		
			ANNUAL INCENTIVE COMPENSATION.  During the Period of Employment, Executive shall be entitled to participate in any annual incentive or bonus plan or plans maintained by the Company for the executive officers of the Company generally, in accordance with the terms, conditions, and provisions of each such plan as the same may be changed, amended, or terminated, from time to time in the discretion of the Board, or its designated committee.    
		

		
			EQUITY COMPENSATION.  During the Period of Employment, Executive shall be eligible to receive grants of stock options, restricted stock, stock appreciation rights, or other equity compensation on such terms and conditions as determined from time to time in the discretion of the Board, or a designated committee thereof.    
		

		

		

		 

		

			 

		

		

			 

		

 

		Upon (or as may be necessary to give effect to such acceleration, immediately prior to) the occurrence of an event described in Section 7.2 of the Company’s 2004 or 2014 Performance Incentive Plan, as applicable,  all of Executive’s then-outstanding and otherwise unvested outstanding equity awards granted by the Company shall be deemed immediately vested, notwithstanding any other provision of the applicable plans or award documentation to the contrary.  
		

			
	
			
				 2. 
			BENEFITS

		
			HEALTH AND WELFARE.  During the Period of Employment, Executive shall be entitled to participate in all health and welfare benefit plans and programs and all retirement, deferred compensation and similar plans and programs generally made available by the Company to all other executive officers of the Company as in effect from time to time, subject to any restrictions specified in such plans and programs.
		

		
			FRINGE BENEFITS.  During the Period of Employment, Executive shall be entitled to participate in all fringe benefit plans and programs generally made available by the Company to all other executive officers of the Company as in effect from time to time, subject to any restrictions specified in such plans and programs.
		

		
			PERSONAL TIME OFF AND OTHER LEAVE.  Executive shall be entitled to such amounts of paid personal time off and other leave, as from time to time may be allowed by the Company to the Company’s executive officers generally or as approved by the Board specifically, or as required by law.  Any personal time off is to be scheduled and taken in accordance with the Company’s standard policies applicable to such personnel.  
		

		
			BUSINESS EXPENSES. During the Period of Employment, reasonable business expenses incurred by Executive in the performance of Executive’s duties hereunder shall be reimbursed by the Company in accordance with the Company’s business expense reimbursement policies as in effect from time to time.  At the latest, reimbursement shall be made on or before the last day of Executive’s taxable year following the taxable year in which the expense was incurred.  Executive agrees to provide prompt documentation of such expenses in order to facilitate the timely reimbursement of same.  The amount of expenses eligible for reimbursement during any taxable year of Executive shall not affect the expenses eligible for reimbursement in any other taxable year of Executive.  
		

		
			AUTOMOBILE.  To the extent provided to other executive officers of the Company, during the Period of Employment, Executive shall be entitled to receive an automobile allowance of $15,000 annually for expenses associated with the operation and maintenance of such automobile.
		

			
	
			
				 3. 
			DEATH OR DISABILITY

		
			DEFINITION OF PERMANENTLY DISABLED AND PERMANENT DISABILITY.  For purposes of this Agreement, the terms “Permanently Disabled” and “Permanent Disability” shall mean Executive’s inability, because of physical or mental illness or injury, to perform substantially all of  his customary duties pursuant to this Agreement, even with a reasonable accommodation, and the continuation of such disabled condition for a period 
		

		 

		

			 

		

		

			 

		

 

		of ninety (90) continuous days, or for not less than one hundred eighty (180) days during any continuous twenty-four (24) month period.  Whether Executive is Permanently Disabled shall be certified to the Company by a Qualified Physician (as hereinafter defined).  The determination of the individual Qualified Physician shall be binding and conclusive for all purposes.  As used herein, the term “Qualified Physician” shall mean any medical doctor who is licensed to practice medicine in the State of Executive’s residence.  Executive and the Company may in any instance, and in lieu of a determination by a Qualified Physician, agree between themselves that Executive is Permanently Disabled.  The terms “Permanent Disability” and “Permanently Disabled” as used herein may have meanings different from those used in any disability insurance policy or program maintained by Executive or the Company.
		

		
			VESTING ON DEATH OR DISABILITY.  Upon any termination of the Period of Employment and Executive’s employment hereunder by reason of Executive’s death or Permanent Disability, as defined in Section 6(a), any then-outstanding and otherwise unvested stock options, restricted stock and any other equity or equity-based awards granted by the Company to the Executive shall thereupon automatically be deemed vested and remain exercisable for the lesser of three years or the term of the award, notwithstanding any other provision of this Agreement or applicable plans but subject to the Company’s ability to terminate the awards in a change in control or similar circumstances pursuant to the applicable plan and award agreements.  
		

		
			TERMINATION DUE TO DEATH OR DISABILITY.  If Executive dies or becomes Permanently Disabled during the Period of Employment, the Period of Employment and Executive’s employment shall automatically cease and terminate as of the date of Executive’s death or the date of Permanent Disability (which date shall be determined by the Qualified Physician or by agreement, under Section 6(a) above, and referred to as the “Disability Date”), as the case may be.  In the event of the termination of the Period of Employment and Executive’s employment hereunder due to Executive’s death or Permanent Disability, Executive or  his estate shall be entitled to receive:
		

		
			a lump sum cash payment, payable within ten (10) business days after  termination of Executive’s employment, equal to the sum of (x) any accrued but unpaid Base Salary as of the date of Executive’s termination of employment hereunder and (y) any earned but unpaid annual incentive compensation in respect of the most recently completed fiscal year preceding Executive’s termination of employment hereunder (the “Earned/Unpaid Annual Bonus”); and
		

		
			a pro-rated portion of the target annual incentive compensation, if any, that Executive would have been entitled to receive pursuant to Section 4(b) in respect of the fiscal year in which termination of Executive’s employment occurs, based upon the percentage of such fiscal year that shall have elapsed through the date of Executive’s termination of employment, payable when such annual incentive would otherwise have been payable had Executive’s employment not terminated.     
		

		
			Notwithstanding any other provision of this Agreement, following such termination of Executive’s employment due to Executive’s death or Permanent Disability, except as set forth in Sections 6(b) and 6(c), and except for Executive’s rights (if any) under the plans, arrangements 
		

		 

		

			 

		

		

			 

		

 

		and programs referenced in Sections 4(b), 4(c) and 5, Executive shall have no further rights to any compensation or other benefits under this Agreement.
		

		
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			In the event Executive’s employment is terminated on account of Executive’s Permanent Disability, he shall, so long as  his Permanent Disability continues, remain eligible for all benefits provided under any long-term disability programs of the Company in effect at the time of such termination, subject to the terms and conditions of any such programs, as the same may be changed, modified, or terminated for or with respect to all executive officers of the Company.
		

		
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				 4. 
			TERMINATION BY THE COMPANY

		
			TERMINATION FOR CAUSE.  The Company may, by providing written notice to Executive, terminate the Period of Employment and Executive’s employment hereunder for Cause at any time.  The term “Cause” for purpose of this Agreement shall mean:
		

			
	
			
				 (i)
			

			
	
			
			Executive’s conviction of or entrance of a plea of guilty or nolo contendere to a felony; or

			
	
			
				 (ii)
			

			
	
			
			Executive is engaging or has engaged in material fraud, material dishonesty, or another act of willful misconduct in connection with the business affairs of the Company; or

			
	
			
				 (iii)
			

			
	
			
			Conviction of criminal theft, embezzlement, or other criminal misappropriation of funds by Executive from the Company; or

		
			Executive’s continued and substantial failure to perform the duties hereunder (other than as a result of total or partial incapacity due to physical illness), which failure is not cured within thirty (30) days following written notice by the Company to Executive of such failure; provided, however, that (A) it shall not be Cause if Executive is making good faith efforts to perform duties and (B) this provision shall not apply to any qualitative dissatisfaction by the Company with Executive’s performance of  his duties hereunder; or
		

		
			Executive’s continued breach of the provisions of Sections 14 and/or 15 of this Agreement, or any material breach by Executive of any other agreement Executive has with the Company or Company policy that applies to Executive,  which breach, if capable of being cured, is not cured within thirty (30) days following written notice by the Company to Executive of such breach.
		

		
			If Executive’s employment is terminated for Cause, the termination shall take effect on the effective date (pursuant to Section 27) of written notice of such termination to Executive.  A determination by the Board that Cause exists shall be effective only if approved at a Board meeting (in person or telephonic) by at least a majority of the Board (not counting the Executive if he is then a member of the Board).  The Executive is entitled to be present (with counsel) at such meeting and respond to any basis that may be asserted as constituting Cause (a summary of 
		

		 

		

			 

		

		

			 

		

 

		which shall be supplied to the Executive in writing at least ten (10) days before any such meeting).  
		

		
			In the event of the termination of the Period of Employment and Executive’s employment hereunder due to a termination by the Company for Cause, then Executive shall be entitled to receive:  (i) a lump sum cash payment, payable within ten (10) business days after termination of Executive’s employment equal to the sum of (A) accrued but unpaid Base Salary as of the date of termination of Executive’s employment hereunder (including any accrued but unpaid personal time off) and (B) any Earned/Unpaid Annual Bonus in respect of the most recently completed fiscal year preceding termination of Executive’s employment hereunder.  
		

		
			Notwithstanding any other provision of this Agreement, following such termination of Executive’s employment due to termination by the Company for Cause, except as set forth in this Section 7(a), Executive shall have no further rights to any compensation or other benefits under this Agreement.
		

		
			If the Company attempts to terminate Executive’s employment pursuant to this Section 7(a) and it is ultimately determined that the Company lacked Cause, in addition to any other non-contractual remedies Executive may have, the provisions of Section 7(b) shall apply and Executive shall be entitled to receive the payments called for by Section 7(b).
		

		
			TERMINATION WITHOUT CAUSE.  The Company may, with or without reason, terminate the Period of Employment and Executive’s employment hereunder without Cause at any time, by providing Executive written notice of such termination.  In the event of the termination of the Period of Employment and Executive’s employment hereunder due to a termination by the Company without Cause (other than due to Executive’s death or Permanent Disability), then Executive shall be entitled to receive:
		

		
			a lump sum cash payment, payable within sixty  (60) days after termination of Executive’s employment equal to the sum of (A) any accrued but unpaid Base Salary as of the date of Executive’s termination of employment hereunder (including any accrued but unpaid personal time off), (B) the Earned/Unpaid Annual Bonus, if any, and (C) an amount equal to three and one-half (3.5) times the then current Base Salary;    
		

		
			 any remaining unvested stock options, restricted stock and any other equity or equity-based awards granted by the Company to the Executive shall thereupon automatically be deemed vested and remain exercisable for the duration of the term of such award, notwithstanding any other provision of this Agreement or applicable plans (but subject to the Company’s ability to terminate the awards in a change in control or similar circumstances pursuant to the applicable plan and award agreements); and  
		

		
			continued participation in the Company’s group health insurance plans, if currently offered, or a lump sum payment to procure substantially similar health care coverage on a public or private exchange until the earlier of (A) the expiration of the eighteen (18) months from the effective date of termination or (B) Executive’s eligibility for financial support in a group health plan of a subsequent employer or entity for which Executive provides consulting services; 
		

		 

		

			 

		

		

			 

		

 

		
			provided, however, that the amount otherwise payable to Executive pursuant to Section 7(b)(i)(C) shall be reduced by the amount of any cash severance or termination benefits paid to Executive under any other severance plan, severance program or severance arrangement of the Company and its affiliates (but not reduced by any other payment to Executive whatsoever, including (without limitation) any payment by the Company or any affiliate of the Company in consideration of stock or any other property). 
		

		
			Notwithstanding any other provision of this Agreement, following such termination of Executive’s employment due to termination by the Company without Cause, except as set forth in this Section 7(b), Executive shall have no further rights to any compensation or other benefits under this Agreement.
		

		
			As a condition precedent to any Company obligation to the Executive pursuant to this Section 7(b), the Executive shall, upon or promptly (and in all events within twenty-one (21) days unless a forty-five (45) day period is required under applicable law, in which case the period shall be forty-five (45) days) following  his last day of employment with the Company, provide the Company with a valid, executed, written release of claims in a form provided by the Company and such release shall have not been revoked by the Executive pursuant to any revocation rights afforded by applicable law.  The Company shall have no obligation to make any payment to the Executive pursuant to Section 7(b) unless and until the release contemplated by this Section 7(b) becomes irrevocable by the Executive in accordance with all applicable laws, rules and regulations.  If the maximum period of time in which Executive has to consider and revoke such release spans two different calendar years, payment of the applicable benefits shall (to the extent required in order to avoid any tax, penalty or interest under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) be made in the second of those two years.  
		

			
	
			
				 5. 
			TERMINATION BY EXECUTIVE

		
			TERMINATION WITHOUT GOOD REASON.  Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company.  Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.
		

		
			TERMINATION WITH GOOD REASON.  The Executive may terminate the Period of Employment and resign from employment hereunder for “Good Reason” if any of the following occur without Executive’s consent:
		

		
			(i)if the Company fails to provide Executive with the compensation and benefits called for by this Agreement; or
		

		
			(ii)if the Company materially diminishes Executive’s authority, duties, responsibilities (other than an assignment of Executive’s authority, duties, or responsibilities to the Chief Executive Officer), or 
		

		
			(iii)if the Company materially breaches any provision of this Agreement;
		

		

		

		 

		

			 

		

		

			 

		

 

		
		

		
			provided, however, that none of the events described above shall constitute Good Reason unless Executive shall have notified the Company in writing describing the event(s) which constitute Good Reason within sixty (60) days of the initial existence of such event(s) and then only if the Company shall have failed to cure such event within thirty (30) days after the Company’s receipt of such written notice; and provided, further, that in all events the termination of the Executive’s employment with the Corporation shall not constitute a termination for Good Reason unless such termination occurs not more than one (1) year following the initial existence of the event(s) claimed to constitute Good Reason.
		

		
			Any such termination by Executive for Good Reason shall be treated for all purposes of this Agreement as a termination by the Company without Cause and the provisions of Section 7(b) shall apply; provided, however, that if Executive attempts to resign for Good Reason pursuant to this Section 8(b) and it is ultimately determined that Good Reason did not exist, Executive shall be deemed to have resigned from employment without Good Reason and the provisions of Section 8(a) and, by reference therein, the provisions of Section 7(a), shall apply.
		

			
	
			
				 6. 
			EXCLUSIVE REMEDY

		
			Executive agrees that the payments contemplated by this Agreement shall constitute the exclusive and sole contract remedy for any termination of his employment and Executive covenants not to assert or pursue any other contractual remedies, at law or in equity, with respect to any termination of employment.
		

			
	
			
				 7. 
			EXPIRATION OF PERIOD OF EMPLOYMENT

		
			(a)ELECTION NOT TO EXTEND PERIOD OF EMPLOYMENT.  If either party elects not to extend the Period of Employment pursuant to Section 3, unless Executive’s employment is earlier terminated pursuant to Sections 6, 7 or 8, termination of Executive’s employment hereunder shall be deemed to occur on the close of business on the day immediately preceding the anniversary of the next Extension Date following the delivery of the Non-Extension Notice pursuant to Section 3.  If the Company elects not to extend the Period of Employment, Executive’s termination will be treated for all purposes under this Agreement as a termination by the Company without Cause under Section 7(b); provided, however, that the applicable lump sum payment due pursuant to a non-renewal shall be one (1) times Executive’s then current Base Salary only rather than three and one-half (3.5) times Executive’s then current Base Salary, as set forth in 7(b)(i)(C).  If Executive elects not to extend the Period of Employment, Executive’s termination will be treated for all purposes under this Agreement as a termination by Executive without Good Reason under Section 8(a).
		

		
			(b)CONTINUED EMPLOYMENT BEYOND EXPIRATION OF PERIOD OF EMPLOYMENT.  If either party elects not to extend the Period of Employment pursuant to Section 3, but the parties want to continue Executive’s employment without a written contract, such continued employment will be at will and shall not be deemed to extend any of the provisions of this Agreement.  At such time, Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided, however, that the provisions of 
		
		
 

		

			 

		

		

			 

		

 

		Sections 14, 15 and 16 shall survive any termination of this Agreement or Executive’s termination of employment hereunder.

		
			
	
			
				 8. 
			POSSIBLE BENEFIT REDUCTION

		
			Notwithstanding anything else contained herein to the contrary, to the extent that any payment, distribution, transfer or other benefit of any type to or for Executive by the company or any of its parents, subsidiaries or other affiliates, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (including, without limitation, any accelerated vesting of stock options or other equity-based awards granted by the Company or any of its parents, subsidiaries or other affiliates pursuant to the Agreement or otherwise) (collectively, the “Total Payments”) is or will be subject to the excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then the Total Payments shall be reduced (but not below zero) so that the maximum amount of the Total Payments (after reduction) shall be one dollar ($1.00) less than the amount which would cause the Total Payments to be subject to the excise tax imposed by Section 4999 of the Code; provided that such reduction in Total Payments shall be made only if the reduction results in the receipt by Executive, on an after-tax basis, of a greater amount of Total Payments compared to the amount of Total Payments that Executive would receive, on an after-tax basis (for the purposes of clarity), taking into account Executive’s payment of the Excise Tax and any similar taxes due from Executive, if he received the full amount of the Total Payments.  If such a reduction is required, and unless Executive has otherwise notified the Company of the order in which benefits are to be reduced and such instructions from Executive do not result in any tax, penalty or interest pursuant to Section 409A of the Code, the Company shall reduce the Total Payments in the following order: (i) reduction of any cash severance; (ii) reduction of any accelerated vesting of equity awards other than stock options; (iii) reduction of accelerated vesting of stock options; and (iv) reduction of other Total Payments.
		

			
	
			
				 1. 
			CONSISTENT TREATMENT

		
			If compensation or benefits plans, programs or arrangements are offered to other executive officers of the Company generally, the Executive shall have the right to participate in such plans, programs and arrangement on a basis not less favorable to the Executive than the terms and conditions of such plans, programs and arrangements generally applicable to the other executive officers of the Company generally. 
		

			
	
			
				 2. 
			MEANS AND EFFECT OF TERMINATION

		
			Any termination of Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party.  The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination and shall set forth in reasonable detail the facts and circumstances alleged to provide a basis for termination, if any such basis is required by the applicable provision(s) of this Agreement.
		

		
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				 9. 
			RESTRICTIVE COVENANTS

		
			Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as follows:
		

		
			During the period of Executive’s employment by the Company, Executive will not, directly or indirectly, (i) engage in any business for Executive’s own account that competes with the business of the Company or its affiliates (including, without limitation, businesses which the Company or its affiliates have specific plans to conduct in the future and as to which Executive is aware of such planning), (ii) enter the employ of, or render any services to, any person engaged in any business that competes with the business of the Company or its affiliates, (iii) acquire a financial interest in any person engaged in any business that competes with the business of the Company or its affiliates, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant.  During the period of Executive’s employment by the Company and for a period of twelve (12) months thereafter (the “Restricted Period”), Executive will not, directly or indirectly, interfere with business relationships (whether formed before or after the date of this Agreement) between the Company or any of its affiliates and clients, customers, suppliers, partners, members or investors of the Company or its affiliates, except as he is entitled under applicable law.
		

		
			Notwithstanding anything to the contrary in this Agreement, Executive may, directly or indirectly, own, solely as an investment, securities of any person engaged in the business of the Company or its affiliates which are publicly traded on a national or regional stock exchange or on an over-the-counter market if Executive (i) is not a controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own five percent (5%) or more of any class of securities of such person.
		

		
			During the Restricted Period, Executive will not, directly or indirectly, solicit or encourage any employee or consultant of the Company or its affiliates to leave the employment of the Company or its affiliates.
		

		
			During the Restricted Period, given his access to and knowledge of the Company’s proprietary and confidential information, client lists, business strategy and pricing, among other proprietary knowledge, Executive will not use or disclose confidential information to directly or indirectly solicit or encourage to cease to work with the Company or its affiliates any clients or potential clients of the Company or its affiliates.
		

		
			It is expressly understood and agreed that although Executive and the Company consider the restrictions contained in this Section 14 to be reasonable, if a final determination is made by an arbitrator or court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable.  Alternatively, if any arbitrator or court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein.
		

		

		

		 

		

			 

		

		

			 

		

 

		This Section 14 controls in the event of any conflict or inconsistency with any provision of the Confidentiality Agreement (as defined in Section 15(c)).  
		

			
	
			
				 10. 
			CONFIDENTIALITY.

		
			Executive will not at any time (whether during or after his employment with the Company), unless compelled by lawful process, disclose or use for his own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, corporation or other business organization, entity or enterprise other than the Company and any of its subsidiaries or affiliates, any trade secrets, or other confidential data or information relating to customers, development programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans, or the business and affairs of the Company generally, or of any subsidiary or affiliate of the Company; provided that the foregoing shall not apply to information which is not unique to the Company or which is generally known to the industry or the public other than as a result of Executive’s breach of this covenant.  
		

		
			Executive agrees that upon termination of his employment with the Company for any reason, he will return to the Company immediately all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the Company and its affiliates, except that he may retain personal notes, notebooks and diaries that do not contain confidential information of the type described in the preceding sentence.  Executive further agrees that he will not retain or use for his account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or its affiliates.
		

		
			Executive executed a Confidentiality, Inventions and Non-Solicitation Agreement dated October 5, 2018 (the “Confidentiality Agreement”).  Executive agrees that he has complied with the Confidentiality Agreement.  The Confidentiality Agreement continues in effect in accordance with its terms, as modified by Sections  14 and 15(d) below.
		

		
			Nothing in this Agreement or in the Confidentiality Agreement limits Executive’s right (i) to discuss the terms, wages, and working conditions of the Executive’s employment to the extent permitted and/or protected by applicable labor laws, (ii) to report confidential information in a confidential manner either to a federal, state or local government official or to an attorney where such disclosure is solely for the purpose of reporting or investigating a suspected violation of law, or (iii) to disclose confidential information in an anti-retaliation lawsuit or other legal proceeding, so long as that disclosure or filing is made under seal and Executive does not otherwise disclose such confidential information, except pursuant to court order.  The Company encourages Executive, to the extent legally permitted, to give the Company the earliest possible notice of any such report or disclosure.  In addition, Executive may truthfully respond to a lawful and valid subpoena or other legal process but shall give the Company the earliest possible notice thereof, and shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall assist such counsel in resisting or otherwise responding to such process.  In addition, nothing in this Agreement or in the Confidentiality Agreement shall limit or restrict in any way the Executive’s immunity from liability for disclosing the Company’s trade secrets as 
		

		 

		

			 

		

		

			 

		

 

		specifically permitted by 18 U.S. Code Section 1833, which provides, in pertinent part, as follows:
		

		
			“(b) Immunity From Liability For Confidential Disclosure Of A Trade Secret To The Government Or In A Court Filing. 
		

		
			(1) Immunity. An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
		

		
			(2) Use of Trade Secret Information in Anti-Retaliation Lawsuit. An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.”
		

		
			This Section 15(d) controls in the event of any inconsistency or conflict with any other provision of this Agreement or of the Confidentiality Agreement.
		

			
	
			
				 11. 
			SPECIFIC PERFORMANCE

		
			Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 14 or Section 15 would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available.
		

			
	
			
				 12. 
			ASSIGNMENT

		
			This Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that, in the event of a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.
		

			
	
			
				 13. 
			GOVERNING LAW

		
			This Agreement and the legal relations hereby created between the parties hereto shall be governed by and construed under and in accordance with the internal laws of the State of California, without regard to conflicts of laws principles thereof.
		

		 

		

			 

		

		

			 

		

 

			
	
			
				 14. 
			ENTIRE AGREEMENT

		
			This Agreement embodies the entire agreement of the parties hereto respecting the matters within its scope.  This Agreement supersedes all prior agreements of the parties hereto on the subject matter hereof.  Any prior negotiations, correspondence, agreements, proposals, or understandings relating to the subject matter hereof shall be deemed to be merged into this Agreement and to the extent inconsistent herewith, such negotiations, correspondence, agreements, proposals, or understandings shall be deemed to be of no force or effect.  There are no representations, warranties, or agreements, whether express or implied, or oral or written, with respect to the subject matter hereof, except as set forth herein.  Notwithstanding the foregoing, this Agreement is not intended to modify or extinguish any rights or obligations contained in (i) the Confidentiality Agreement,  (ii) any stock option, restricted stock or other equity or equity-based award agreement between Executive and the Company that was executed prior to the date hereof, other than as provided in Section 4(c) above, or (iii) any indemnification agreement between Executive and the Company prior to the date hereof.  
		

			
	
			
				 15. 
			POST-TERMINATION COOPERATION

		
			Executive agrees that following the termination of his employment for any reason, he shall reasonably cooperate if and as requested by the Company at mutually convenient times in the orderly transition of his former duties and in the Company’s defense against any threatened or pending litigation or in any investigation or proceeding by any governmental agency or body that relates to any events or actions which occurred during the term of Executive’s employment with the Company.  The Company shall reimburse Executive for reasonable expenses incurred by Executive in connection with such cooperation.  Executive shall be compensated for his time at a mutually agreed upon rate for any services other than the provision of information to the Company or its counsel and/or testifying as a witness, which he shall undertake without any compensation.    
		

			
	
			
				 16. 
			MODIFICATIONS

		
			This Agreement shall not be modified by any oral agreement, either express or implied, and all modifications hereof shall be in writing and signed by the parties hereto.
		

			
	
			
				 17. 
			WAIVER

		
			Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times.
		

			
	
			
				 18. 
			NUMBER AND GENDER

		
			Where the context requires, the singular shall include the plural, the plural shall include the singular, and any gender shall include all other genders.
		

		
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				 19. 
			SECTION HEADINGS

		
			The section headings in this Agreement are for the purpose of convenience only and shall not limit or otherwise affect any of the terms hereof.
		

			
	
			
				 20. 
			ATTORNEYS’ FEES

		
			Executive and the Company agree that in any action arising out of this Agreement, each side shall bear its own attorneys’ fees and costs incurred by it or  him in connection with such action.
		

			
	
			
				 21. 
			SEVERABILITY

		
			In the event that an arbitrator or court of competent jurisdiction determines that any portion of this Agreement is in violation of any statute or public policy, then only the portions of this Agreement which violate such statute or public policy shall be stricken, and all portions of this Agreement which do not violate any statute or public policy shall continue in full force and effect.  Furthermore, any order striking any portion of this Agreement shall modify the stricken terms as narrowly as possible to give as much effect as possible to the intentions of the parties under this Agreement.
		

			
	
			
				 22. 
			NOTICES

		
			All notices under this Agreement shall be in writing and shall be either personally delivered or mailed postage prepaid, by certified mail, return receipt requested:
		

		
			(a)if to the Company:
		

		
			Attn:  General Counsel
		

		
			17101 Armstrong Avenue
		

		
			Irvine, CA 92614
		

		
			(b)if to Executive, to the Executive at the Executive’s last address reflected in the Company’s payroll records. 
		

		
			Notice shall be effective when personally delivered, or five (5) business days after being so mailed.  Any party may alter the address to which communications or copies are to be sent by giving notice of such change of address in conformity with the provisions of this Section 27 for the giving of notice.
		

			
	
			
				 23. 
			COUNTERPARTS

		
			This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.  This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties hereto reflected hereon as the signatories.  Photographic or PDF copies of such signed counterparts may be used in lieu of the originals for any purpose.
		

		

		

		 

		

			 

		

		

			 

		

 

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				 24. 
			WITHHOLDING TAXES

		
			The Company may withhold from any amounts payable under this Agreement such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.
		

			
	
			
				 25. 
			SECTION 409A

		
			If the Executive is a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i) as of the date of the Executive’s separation from service, the Executive shall not be entitled to any payment or benefit pursuant to Section 6, 7 or 8, as applicable, until the earlier of (i) the date which is six (6) months after the Executive’s separation from service for any reason other than death, or (ii) the date of the Executive’s death.  The provision of this Section 30 shall only apply if, and to the extent, required to avoid the imputation of any tax, penalty or interest pursuant to Section 409A of the Code.  Any amounts otherwise payable to the Executive upon or in the six (6) month period following the Executive’s separation from service that are not so paid by reason of this Section 30 shall be paid (without interest) as soon as practicable (and in all events within thirty (30) days) after the date that is six (6) months after the Executive’s separation from service (or, if earlier, as soon as practicable, and in all events within thirty (30) days, after the date of the Executive’s death).  
		

		
			To the extent that any reimbursements pursuant to Section 5 are taxable to the Executive, any reimbursement payment due to the Executive pursuant to any such provision shall be paid to the Executive on or before the last day of the Executive’s taxable year following the taxable year in which the related expenses were incurred.  The provision of benefits pursuant to Section 7(b)(iii) and reimbursements pursuant to Section 5 are not subject to liquidation or exchange for another benefits and the amount of such benefits and reimbursements that the Executive receives in one taxable year shall not affect the amount of such benefits or reimbursements that the Executive receives in any other taxable year.  
		

		
			This Agreement is intended to comply with, and avoid any tax, penalty or interest under Section 409A of the Code, and shall be construed and interpreted accordingly.  Except for the Company’s withholding right pursuant to Section 29, Executive shall be responsible for any and all taxes that may result from the compensation, payments and other benefits contemplated by this Agreement.
		

			
	
			
				 26. 
			ARBITRATION

		
			Any non time-barred, legally actionable dispute or controversy between the Company and Executive in any way arising out of, related to, or connected with Executive’s employment with or separation from the Company, will be submitted to final and binding arbitration pursuant to the Federal Arbitration Act (“FAA”), and to be held in a location that is no more than forty-five (45) miles from the place where Executive last worked for RGP (unless each party to the arbitration agrees in writing otherwise), and administered by Judicial Arbitration & Mediation Services, Inc. (“JAMS”), pursuant to its Arbitration Rules and Procedures for Arbitration Disputes (which may be found and reviewed at http://www.jamsadr.com/rules-employment-
		

		 

		

			 

		

		

			 

		

 

		arbitration).  The FAA will govern the enforceability, applicability, interpretation, and implementation of this provision and all procedural issues connected with conducting the arbitration and enforcing or appealing the arbitration award.  The arbitration will be held before a sole arbitrator, selected by mutual agreement of the parties.  If the parties are unable to agree on an arbitrator, the arbitrator will be selected by striking from a list of arbitrators supplied by JAMS.  Any and all claims and/or defenses that would otherwise be available in a court of law will be fully available to the parties, and the Arbitrator will be required to apply legal principles with the same force and effect as if the dispute were adjudicated in a court of law.  Final resolution of any dispute through arbitration must be consistent with applicable substantive law and may include any remedy or relief provided by applicable state or federal statutes.  At the conclusion of the arbitration, the Arbitrator will issue a written decision that sets forth the essential findings and conclusions upon which the Arbitrator’s award or decision is based.  Any award or relief granted by the Arbitrator hereunder shall be final and binding on the parties hereto and may be enforced by any court of competent jurisdiction.  Except where the Company is required by law to pay any costs unique to arbitration (e.g., arbitrator’s fees and room fees), such cost/fee(s) will be apportioned between the parties in accordance with applicable law, and any disputes in that regard will be resolved by the Arbitrator.  A party may apply to a court of competent jurisdiction for temporary or preliminary injunctive relief in connection with an arbitrable controversy, but only upon the ground that the award to which that party may be entitled may be rendered ineffectual without such provisional relief.
		

			
	
			
				 27. 
			LEGAL COUNSEL; MUTUAL DRAFTING

		
			Each party recognizes that this is a legally binding contract and acknowledges and agrees that they had had the opportunity to consult with legal counsel of their choice.  Each party has cooperated in the drafting, negotiation and preparation of this Agreement.  Hence, in any construction to be made of this Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such language.  Executive agrees and acknowledges that he has read and understands this Agreement, is entering into it freely and voluntarily and has been advised to seek counsel prior to entering into this Agreement and has had ample opportunity to do so.  
		

		
			IN WITNESS WHEREOF, the Company and Executive have executed this Employment Agreement as of the date first above written.
		

		
			﻿
		

		
			THE COMPANY:
		

		
			﻿
		

		
			﻿
		

		
			By:/s/ Kate W. Duchene
		

		
			Name:Kate W. Duchene 
		

		
			Title:Chief Executive Officer
		

		
			﻿
		

		
			﻿
		

		
			EXECUTIVE:
		

		
			﻿
		

		
			/s/ Timothy Brackney
		

		
			Tim BrackneyExhibit 10.1

 

Employment Agreement

 

This Employment
Agreement (the “Agreement”) is made as of July 15, 2019 (the “Effective Date”), by and between
Telemynd, Inc., a Delaware corporation (the “Company”), and Patrick Herguth (“Executive”),
subject to the terms and conditions defined in this Agreement.

 

Whereas, the
Company and Executive desire that Executive be employed by the Company to act as the Company’s Chief Executive Officer (“CEO”),
subject to the terms and conditions set forth in this Agreement; and

 

WHEREAS, Executive’s
employment shall also be subject to such policies and procedures as the Company may from time to time implement.

 

Now, Therefore,
in consideration of the covenants contained herein, and for other valuable consideration, the Company and Executive hereby agree
as follows:

 

1.       Certain
Definitions. Certain definitions used herein shall have the meanings set forth on Exhibit A attached hereto.

 

2.       At-Will
Employment; Resignation from Board. Executive shall serve as an at-will employee, such that the Company or Executive may terminate
the employment relationship at any time, with or without Cause or Good Reason. On the date of termination of employment for any
reason, Executive acknowledges that he shall immediately be deemed to have resigned all employment and related job duties and responsibilities
with the Company, including, without limitation any and all positions on the Board of Directors (the “Board”),
as well as any Board committees or board of directors of any subsidiary or other affiliated company. The execution and delivery
of this Agreement shall constitute delivery of Executive’s conditional resignation from such positions, subject only to the
termination of his employment. Notwithstanding the foregoing, no such automatic resignation pursuant to the preceding sentence
shall be deemed to be a resignation without Good Reason, nor grounds for a termination for Cause. Executive agrees to sign all
reasonable documentation evidencing the foregoing as may be presented to Executive for signature by the Company.

 

3.       Executive’s
Duties and Obligations.

 

(a)       Duties.
Executive shall serve as the Company’s CEO, commencing on July 15, 2019, or such other date as mutually agreed by the Company
and Executive (the “Commencement Date”). Executive shall report to the Board and have duties, responsibilities
and authorities as are customarily associated with the position of CEO of a public company of the size and nature of the Company,
and such additional duties and responsibilities consistent with this position as may, from time to time, be assigned by the Board.
As of the Commencement Date, Executive shall be appointed to the Board and shall stand for reelection at the 2020 Annual Meeting
of Stockholders (and at each applicable Annual Meeting of Stockholders thereafter so long as Executive continues to be employed
by the Company), at which time Executive will either stand for re-election and then for successive one-year terms.

 

(b)       Confidential
Information and Inventions Matters. In consideration of the covenants contained herein, Executive has executed, and agrees
to be bound by, the Company’s form of Employee Confidentiality, Assignment of Inventions, Non-Interference and Non-Competition
Agreement (the “Confidentiality Agreement”). Executive shall comply at all times with the terms and conditions
of the Confidentiality Agreement and all other policies of the Company governing its confidential and proprietary information.

 

4.       Devotion
of Time to Company’s Business.

 

(a)       Full-Time
Efforts. During Executive’s employment with the Company, Executive shall devote substantially all of Executive’s
business time, attention and efforts to the proper performance of Executive’s implicit and explicit duties and obligations
hereunder.

 

(b)       No
Other Employment. During Executive’s employment with the Company, Executive shall not, except as otherwise provided herein,
directly or indirectly, render any services of a commercial or professional nature to any other person or organization, whether
for compensation or otherwise, without the prior written consent of the Board; provided, however, that it shall not be a violation
or breach of this Agreement for Executive to (i) serve on boards of charitable organizations or participate in charitable, educational,
religious or civic activities; (ii) attend to his and his family’s personal affairs; or (iii) own no more than one percent
(1%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange, so long as such
activities are not adverse to the Company’s interests and do not materially interfere with the performance of Executive’s
duties hereunder.

 

 

    1 

     

    

 

 

(c)       Non-Competition
During and After Employment. During the term of Executive’s employment with the Company (the “Term”)
and for 12 months from the Date of Termination, Executive shall not, directly or indirectly, without the prior written consent
of the Company, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director,
or in any other individual or representative capacity, compete with the Company in the business of behavioral health telemedicine
and or development or utilization of intelligence assisted (AI) tools in behavioral health or using such data to develop or commercialize
behavioral health treatments (collectively, the “Business”). During the Term and for 12 months from the Date
of Termination, Executive shall not solicit, encourage, induce or endeavor to entice away from the Company, or otherwise interfere
with the relationship of the Company with, any person who is employed or engaged by the Company as an employee, consultant or independent
contractor or who was so employed or engaged at any time during the six (6) months preceding the Date of Termination; provided,
that nothing herein shall prevent Executive from engaging in discussions regarding employment, or employing, any such employee,
consultant or independent contractor (i) if such person shall voluntarily initiate such discussions without any such solicitation,
encouragement, enticement or inducement prior thereto on the part of Executive or (ii) if such discussions shall be held as a result
of, or any employment shall be the result of, the response by any such person to a written employment advertisement placed in a
publication of general circulation, general solicitation conducted by executive search firms, employment agencies or other general
employment services, not directed specifically at any such employee, consultant or independent contractor.

 

(d)       Injunctive
Relief. In the event that Executive breaches any provisions of Section 4(c) or of the Confidentiality Agreement or there
is a threatened breach thereof, then, in addition to any other rights which the Company may have, the Company shall be entitled,
without the posting of a bond or other security, to seek injunctive relief to enforce the restrictions contained therein. In the
event that an actual proceeding is brought in equity to enforce the provisions of Section 4(c) or the Confidentiality Agreement,
Executive shall not assert as a defense that there is an adequate remedy at law nor shall the Company be prevented from seeking
any other remedies which may be available.

 

(e)       Reformation.
To the extent that the restrictions imposed by Section 4(c) are interpreted by any court to be unreasonable in geographic
and/or temporal scope, such restrictions shall be deemed automatically reduced to the extent necessary to coincide with the maximum
geographic and/or temporal restrictions deemed by such court not to be unreasonable.

 

5.        Compensation
and Benefits.

 

(a)       Base
Compensation. During the initial period of the Term, the Company shall pay to Executive base annual compensation (“Base
Salary”) of $340,000, which shall be payable in accordance with the Company’s regular payroll practices and be
subject to all required withholdings as hereinafter set forth in this Section 5. Executive’s Base Salary shall increase
to $360,000 on January 1, 2020 and will be reviewed annually thereafter and may be increased based on an assessment of Executive’s
performance, the performance of the Company, inflation, the then prevailing salary scales for comparable positions and other relevant
factors; provided, however, that any increase in Base Salary shall be solely within the discretion of the Board.
Executive’s Base Salary shall not be subject to reduction from the level in effect hereunder from time to time, other than
pursuant to a salary reduction program of general application to executives of the Company.

 

(b)        Bonuses.

 

(i)       
2019 Performance Bonus. For fiscal year 2019, Executive shall be eligible to receive a performanceb onus in a target amount
of $340,000, with the payment of such bonus being subject to the achievement the performance goals set forth in the following sentence.
One-half of the target amount of the fiscal year 2019 performance bonus shall be paid to Executive upon achieving revenues of $5
million for fiscal year 2019 and one-half of the target amount of the fiscal year 2019 performance bonus shall be paid to Executive
upon achieving $1.1 million in gross profits for 2019 fiscal year. The bonus will be prorated to the targets so that if a portion
of the targets are met Executive will get a portion of the bonus linearly.

 

(c)       Annual
Performance Bonuses. In addition to the foregoing, during the Term and commencing in fiscal year 2019, Executive shall be eligible
to earn year-end performance bonuses, which may be paid in either cash or equity, or both (any such bonus an “Annual Bonus”),
with a target bonus of 60% of the highest Base Salary Executive received during the applicable fiscal year (the “Target
Bonus”), as may be awarded pursuant to any annual executive bonus plan and related corporate and/or individual goals
approved solely at the discretion of the Board. The Company shall consult with Executive in connection with setting such corporate
and/or individual goals and will set and communicate such goals to Executive the first quarter of each fiscal year. Any such Annual
Bonus shall contain such rights and features as are typically afforded to other executives of the Company.

 

    2 

     

    

 

 

(d)       Long-Term
Incentive Grants. During the Term, Executive shall be eligible for annual long-term incentive grants, which may be paid in
either cash or equity, or both (any such grant a “Long-Term Incentive Grant”), as may be awarded solely at the
discretion of the Board; provided that the Board shall be under no obligation whatsoever to grant such discretionary Long-Term
Incentive Grants. Long-Term Incentive Grants following the date of this Agreement made to Executive shall be governed by the Company’s
then-applicable long-term incentive plans (the “Plans”) and/or any long-term incentive grant agreements by which
they are awarded.

 

(e)       Benefits.
During the Term, Executive shall be entitled to participate in all employee benefit plans, programs and arrangements maintained
by the Company from time to time that are made available generally to the Company’s similarly-situated senior executives
on substantially the same basis that such benefits are provided to such senior executives; provided, however, that
nothing in this Agreement shall be construed to require the Company to establish or maintain any particular plans, programs or
arrangements.

 

(f)       Vacations.
During the Term, Executive shall be entitled to 15 days paid vacation per year, to be earned ratably throughout the year. Five
vacation days may be carried from one year to the next in accordance with the Company’s vacation policy, provided that Executive
shall not be entitled to carry forward into the following year a balance of more than 10 vacation days.

 

(g)        Reimbursement
of Business Expenses. Executive is authorized to incur reasonable expenses in carrying outE xecutive’s duties and responsibilities
under this Agreement and the Company shall reimburse Executive for all such reasonable expenses, in accordance with and subject
to the applicable policies and procedures of the Company.

 

6.       
Termination of Employment.

 

  (a)         Termination by the Company for Cause or Termination by Executive without Good Reason, or due to Death or Disability.

 

(i)       In
the event of a termination of Executive’s employment: (A) by the Company for Cause, (B) by Executive without Good Reason,
or (C) by reason of the death or Disability of Executive, then in each such case, Executive shall be entitled to any unpaid compensation
accrued through the last day of Executive’s employment, a lump sum payment in respect of all accrued but unused vacation
days at Executive’s Base Salary in effect on the date such vacation was earned, and payment of any other amounts owing to
Executive but not yet paid (which shall include any bonus that has been earned, but has not been paid as of the date of termination),
less any amounts owed by Executive to the Company. Executive shall not be entitled to receive any other compensation or benefits
from the Company whatsoever (except as and to the extent the continuation of certain benefits is required by law).

 

(ii)       In
the case of a termination due to death or Disability, notwithstanding any provision to the contrary in any stock option, restricted
stock or other equity award agreement between the Company and Executive, all shares underlying Executive’s outstanding equity
awards and all options to acquire Company stock held by Executive shall accelerate and become fully vested upon the Date of Termination
(and all options shall thereupon become fully exercisable), and all stock options shall continue to be exercisable for the remainder
of their stated terms.

 

(b)       Termination
by the Company without Cause or by Executive for Good Reason. If (x) Executive’s employment is terminated by the Company
other than for Cause, death or Disability (i.e., without Cause) or (y) Executive terminates employment with Good Reason,
then Executive will receive the amounts set forth in Section 6(a)(i) and, on the condition that Executive signs a separation
agreement containing a plenary release of claims in substantially the form attached as Exhibit B hereto within 50 days after
the Date of Termination and such plenary release becomes final, binding and irrevocable, Executive shall also be entitled to receive
the following from the Company:

 

(i)       During
the first year following the execution of this Agreement an amount equal to: three months of Executive’s annualized Base
Salary then in effect (determined without regard to any reduction in such Base Salary constituting Good Reason from the Date of
Termination to the date that is three months after the Date of Termination (the “Severance Period”)) provided,
however, that each installment payable before the plenary release becomes final, binding and irrevocable shall not be paid to Executive
until such plenary release becomes final, binding and irrevocable (at which time all such amounts that would have been paid but
for the delay described in this clause (i) shall be paid.

 

 

    3 

     

    

 

 

(ii)       During
the second year following the execution of this Agreement. An amount equal to: six months of Executive’s annualized Base
Salary then in effect (determined without regard to any reduction in such Base Salary constituting Good Reason from the Date of
Termination to the date that is six months after the Date of Termination (the “Severance Period”)) provided,
however, that each installment payable before the plenary release becomes final, binding and irrevocable shall not be paid to Executive
until such plenary release becomes final, binding and irrevocable (at which time all such amounts that would have been paid but
for the delay described in this clause (i) shall be paid.

 

(iii)        During
the Severance Period, if Executive elects to continue Company medical benefits through theC onsolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”), the Company shall continue to pay the Company’s costs of such benefits as Executive
elects to continue under the same plans and on the same terms and conditions as such benefits are provided to active employees.
If for any reason COBRA coverage is unavailable at any time during the Severance Period, the Company shall reimburse Executive
no less frequently than quarterly in advance an amount which, after taxes, is sufficient for Executive to purchase medical and
dental coverage for Executive and Executive’s dependents that is substantially equivalent to the medical and dental coverage
that Executive and Executive’s dependents were receiving immediately prior to the Date of Termination and that is available
to comparable active employees, reduced by the amount that would be paid by comparable active employees for such coverage under
the Company’s plans. The Company’s obligation under this Section 6(b)(ii) shall terminate or be reduced to the extent
that Executive enrolls in substantially similar coverage (determined on a benefit-by-benefit basis) provided by a subsequent employer.

 

(iv)       The
Company shall pay Executive the full amount of Executive’s target bonuses for the fiscal year in which such termination occurs
prorated based upon goals achieved through Date of Termination.

 

(v)       Notwithstanding
the foregoing, if Executive engages in a material breach of any provision of this Agreement or Executive’s Confidentiality
Agreement during the Severance Period (or the period applicable to such obligation, if shorter or longer), and such breach is not
cured in the reasonable determination of the Company within five business days after receipt from the Company of notice thereof,
then the Company’s continuing obligations under this Section 6(b) shall cease as of the date of the breach and Executive
shall be entitled to no further payments hereunder.

 

7.       
Notice of Termination.

 

(a)       Any
termination of Executive’s employment hereunder shall be communicated by a Notice of Termination to the other party hereto
given in accordance with Section 10. In the case of Notice of Termination given by Executive for Good Reason, such Notice
of Termination shall only be delivered following the notice and cure period set forth below in the definition of Good Reason and
shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. If Executive
elects to terminate this Agreement without Good Reason, Executive must provide advance written notice of at least 30 days and the
Company, at its sole option, may elect to terminate Executive’s employment and this Agreement at any point during the 30-day
notice period, provided the Company pays Executive’s Base Salary in lieu of notice and provides the payments/benefits described
in Section 6(a)(i).

 

(b)       A
termination of employment of Executive will not be deemed to be for Good Reason unless Executive gives the Notice of Termination
provided for herein within 30 days after Executive has actual knowledge of the act or omission of the Company constituting such
Good Reason and Executive gives the Company a 30-day cure period to rectify or correct the condition or event that constitutes
Good Reason and Executive delivers final Notice of Termination within 30 days of the date that Company’s failure to cure
deadline has expired, which final Notice must specify a Date of Termination of no later than 30 days after the final Notice is
provided. A termination of employment of Executive will not be deemed to be for Cause unless the Company gives the Notice of Termination
provided for herein within 30 days after the Company has actual knowledge of the act or omission of Executive constituting such
Cause and the Company delivers a final Notice of Termination within 30 days of the date of Executives failure to cure deadline
(if applicable) has expired.

 

    4 

     

    

 

 

8.       Mitigation
of Damages. Executive will not be required to mitigate damages or the amount of any payment or benefit provided for under this
Agreement by seeking other employment or otherwise. Except as otherwise provided in Section 6(b)(ii), the amount of any payment
or benefit provided for under this Agreement will not be reduced by any compensation or benefits earned by Executive as the result
of self- employment or employment by another employer or otherwise.

 

9.       
Excess Parachute Excise Tax.

 

(a)       Anything
in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment, award, benefit or
distribution (including any acceleration) by the Company or any entity which effectuates a transaction described in Section
280G(b)(2)(A)(i) of the Code to or for the benefit of Executive (whether pursuant to the terms of this Agreement or
otherwise, but determined without regard to any additional payments required under this Section 9) (a
“Payment”) would be subject to the excise tax imposed by Section 4999 of the Code or any interest or
penalties are incurred with respect to such excise tax by Executive (such excise tax, together with any such interest and
penalties, are hereinafter collectively referred to as the “Excise Tax”), the Company will automatically
reduce such Payments to the extent, but only to the extent, necessary so that no portion of the remaining Payments will be
subject to the Excise Tax, unless the amount of such Payments that Executive would retain after payment of the Excise
Tax and all applicable Federal, state and local income taxes without such reduction would exceed the amount of such Payments
that Executive would retain after payment of all applicable Federal, state and local taxes after applying such reduction.
Unless otherwise elected by Executive to the extent permitted under Code Section 409A, the Company shall reduce or eliminate
the Payments by first reducing or eliminating any cash severance benefits (with the payments to be made furthest in the
future being reduced first), then by reducing or eliminating any accelerated vesting of stock options or similar awards,
then by reducing or eliminating any accelerated vesting of restricted stock or similar awards, then by reducing or
eliminating any other remaining Payments; provided, that no such reduction or elimination shall apply to any non-qualified
deferred compensation amounts (within the meaning of Section 409A of the Code) to the extent such reduction or elimination
would accelerate or defer the timing of such payment in manner that does not comply with Section 409A of the Code.

 

10.       Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if delivered by hand or mailed within the continental United States by first class certified mail, return receipt requested, postage
prepaid, addressed as follows:

 

if to the Board or the Company:

 

Telemynd, Inc. 26522 La Alameda

Suite 290

Mission Viejo, CA 92691 Attn:
General Counsel

 

if to Executive:

 

The address on file with the records
of the Company for Patrick Herguth

 

Addresses may be changed by written
notice sent to the other party at the last recorded address of that party.

 

11.       Withholding.
The Company shall be entitled to withhold from payments due hereunder any required federal, state or local withholding or other
taxes.

 

12.       Entire
Agreement. This Agreement, together with Exhibits A and B and the Confidentiality Agreement, contains the entire agreement
between the parties with respect to the subject matter hereof and supersedes all other prior agreements, written or oral, with
respect thereto.

 

13.       
Arbitration.

 

(a)       If
the parties are unable to resolve any dispute or claim relating directly or indirectly to this Agreement or any dispute or claim
between Executive and the Company or its officers, directors, agents, or employees (a “Dispute”), then either
party may require the matter to be settled by final and binding arbitration by sending written notice of such election to the other
party clearly marked “Arbitration Demand.” Such Dispute shall be arbitrated in accordance with the terms and conditions
of this Section 13. Notwithstanding the foregoing, either party may apply to a court of competent jurisdiction for a temporary
restraining order, a preliminary injunction, or other equitable relief to preserve the status quo or prevent irreparable harm.

 

 

    5 

     

    

 

 

(b)       The
Dispute shall be resolved by a single arbitrator in an arbitration administered by the American ArbitrationA ssociation in accordance
with its Employment Arbitration Rules and judgment upon the award rendered by the arbitrator may be entered in any court having
jurisdiction thereof. The decision of the arbitrator shall be final and binding on the parties, and specific performance giving
effect to the decision of the arbitrator may be ordered by any court of competent jurisdiction.

 

(c)       Nothing
contained herein shall operate to prevent either party from asserting counterclaim(s) in any arbitration commenced in accordance
with this Agreement, and any such party need not comply with the procedural provisions of this Section 13 in order to assert such
counterclaim(s).

 

(d)       The
arbitration shall be filed with the office of the American Arbitration Association (“AAA”) located in Wilmington,
Delaware or such other AAA office as the parties may agree upon (without any obligation to so agree). The arbitration shall be
conducted pursuant to the Employment Arbitration Rules of AAA as in effect at the time of the arbitration hearing, such arbitration
to be completed in a 60 day period. In addition, the following rules and procedures shall apply to the arbitration:

 

(i)       The
arbitrator shall have the sole authority to decide whether or not any Dispute between the parties is arbitrable and whether the
party presenting the issues to be arbitrated has satisfied the conditions precedent to such party’s right to commence arbitration
as required by this Section 13.

 

(ii)       The
decision of the arbitrator, which shall be in writing and state the findings, the facts and conclusions of law upon which the decision
is based, shall be final and binding upon the parties, who shall forthwith comply after receipt thereof. Judgment upon the award
rendered by the arbitrator may be entered by any competent court. Each party submits itself to the jurisdiction of any such court,
but only for the entry and enforcement to judgment with respect to the decision of the arbitrator hereunder.

 

(iii)       The
arbitrator shall have the power to grant all legal and equitable remedies (including, without limitation, specific performance)
and award compensatory and punitive damages if authorized by applicable law.

 

(iv)       The
parties shall bear their own costs in preparing for and participating in the resolution of any Dispute pursuant to this Section
13, and the costs of the arbitrator(s) shall be paid by the Company.

 

(v)       Except
as provided in the last sentence of Section 13(a), the provisions of this Section 13 shall be a complete defense
to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect
to any Dispute arising in connection with this Agreement. Any party commencing a lawsuit in violation of this Section 13
shall pay the costs of the other party, including, without limitation, reasonable attorney’s fees and defense costs.

 

14.       
Miscellaneous.

 

(a)       Governing
Law. This Agreement shall be interpreted, construed, governed and enforced according to the laws of the State of Delaware without
regard to the application of choice of law rules.

 

(b)       Amendments.
No amendment or modification of the terms or conditions of this Agreement shall be valid unless in writing and signed by the parties
hereto.

 

(c)       Severability.
If one or more provisions of this Agreement are held to be invalid or unenforceable under applicable law, such provisions shall
be construed, if possible, so as to be enforceable under applicable law, or such provisions shall be excluded from this Agreement
and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance
with its terms.

 

 

    6 

     

    

 

 

(d)       Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the beneficiaries, heirs and representatives of Executive
(including the Beneficiary) and the successors and assigns of the Company. The Company shall require any successor (whether direct
or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) to
all or substantially all of its assets, by agreement in form and substance satisfactory to Executive, expressly 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 this Agreement
if no such succession had taken place. Regardless whether such agreement is executed, this Agreement shall be binding upon any
successor of the Company in accordance with the operation of law and such successor shall be deemed the Company for purposes of
this Agreement.

 

(e)       Successors
and Assigns. Except as provided in Section 14(d) in the case of the Company, or to the Beneficiary in the case of the
death of Executive, this Agreement is not assignable by any party and no payment to be made hereunder shall be subject to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or other charge. Notwithstanding anything herein to the contrary, this
Agreement may be assigned by the Company to a successor to the business of the Company (by sale, merger, spinoff or any similar
transaction), if and to the extent: (i) such successor has substantially the same ownership as the Company prior to such assignment;
and (ii) such successor assumes all of the obligations of the Company hereunder. Such an assignment shall not be deemed to result
in either a termination by the Company (with or without Cause) or by Executive for Good Reason pursuant to Section 6 hereof.
Following any such assignment, the Compensation and Benefits set forth in Section 5 hereof will continue in effect as provided
for therein, including equity incentive awards, modified as necessary to conform to the capitalization and benefit plans for the
assignee of this Agreement, provided that any change to such compensation and benefits: (A) does not limit the rights of the Executive
pursuant to Section 5(c)(iv); and (B) that has a materially detrimental effect on Executive (other than because of the change
in the underlying company) shall be subject to the rights of the Executive to termination employment for Good Reason and other
provisions provided for herein.

 

(f) Remedies Cumulative; No Waiver. No
remedy conferred upon either party by this Agreement is intended to bee xclusive of any other remedy, and each and every such remedy
shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity.
No delay or omission by either party in exercising any right, remedy or power hereunder or existing at law or in equity shall be
construed as a waiver thereof, and any such right, remedy or power may be exercised by such party from time to time and as often
as may be deemed expedient or necessary by such party in such party’s sole discretion.

 

(g)       Survivorship.
Notwithstanding anything in this Agreement to the contrary, all terms and provisions of this Agreement that by their nature extend
beyond the termination of this Agreement shall survive such termination.

 

(h)       Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall constitute an original, but all of which, when
taken together, shall constitute one document. Signatures to this Agreement may be delivered by any electronic means.

 

15.       No
Contract of Employment. Nothing contained in this Agreement will be construed as a right of Executive to be continued in the
employment of the Company, or as a limitation of the right of the Company to discharge Executive with or without Cause, subject
to the provisions hereof governing severance payments and other rights of Executive following termination.

 

16.       Section
409A of the Code. The intent of the parties is that payments and benefits under this Agreement comply with, or be exempt from,
Section 409A of the Code and, accordingly, to the maximum extent permitted, this Agreement shall be construed and

interpreted in accordance with such
intent. Executive’s termination of employment (or words to similar effect) shall not be deemed to have occurred for purposes
of this Agreement unless such termination of employment constitutes a “separation from service” within the meaning
of Code Section 409A and the regulations and other guidance promulgated thereunder.

 

 

    7 

     

    

 

 

(a)       Notwithstanding
any provision to the contrary in this Agreement, if Executive is deemed on the date of Executive’s termination to be a “specified
employee” within the meaning of that term under Code Section 409A(a)(2)(B) and using the identification methodology selected
by the Company from time to time, or if none, the default methodology set forth in Code Section 409A, then with regard to any payment
or the providing of any benefit that constitutes “non-qualified deferred compensation” pursuant to Code Section 409A
and the regulations issued thereunder that is payable due to Executive’s separation from service, to the extent required
to be delayed in compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided to Executive
prior to the earlier of (i) the expiration of the six (6) month period measured from the date of Executive’s separation from
service, and (ii) the date of Executive’s death. On the first day of the seventh month following the date of Executive’s
separation from service or, if earlier, on the date of Executive’s death, all payments delayed pursuant to this Section
16(a) shall be paid or reimbursed to Executive in a lump sum plus interest credited from the date of Executive’s separation
from service to the date of payment at the “applicable federal rate” provided for in Section 7872(f)(2)(A) of the Code
in effect as of the date of such separation from service, and any remaining payments and benefits due to Executive under this Agreement
shall be paid or provided in accordance with the normal payment dates specified for them herein.

 

(b)       To
the extent any reimbursement of costs and expenses provided for under this Agreement constitutes taxable income to Executive for
Federal income tax purposes, such reimbursements shall be made no later than December 31 of the calendar year next following the
calendar year in which the expenses to be reimbursed are incurred. With regard to any provision herein that provides for reimbursement
of expenses or in-kind benefits, except as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits is
not subject to liquidation or exchange for another benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind
benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be
provided, in any other taxable year. Any tax gross-ups provided for under this Agreement shall in no event be paid to Executive
later than the December 31 of the calendar year following the calendar year in which the taxes subject to gross-up are incurred
or paid by Executive.

 

(c)       If
any amount under this Agreement is to be paid in two or more installments, for purposes of Code Section 409A each installment shall
be treated as a separate payment.

 

17.       Indemnification.
During Executive’s employment, the Company shall maintain directors’ and officers’ liability insurance that is
applicable to Executive and shall indemnify and defend Executive and hold Executive harmless from and against any claim, loss or
cause of action arising from or out of Executive’s performance prior to or after the Commencement Date (and within the scope
of his employment) as an officer, director or employee of the Company or any of its subsidiaries or other affiliates or predecessors
or in any other capacity, including any fiduciary capacity, in which Executive serves at the Company’s request, in each case
to the maximum extent permitted by applicable corporate law and, to the extent more favorable, to the maximum extent permitted
under the Company’s Certificate of Incorporation and By-Laws. On the Commencement Date, the Company shall execute and deliver
to Executive an Indemnification Agreement, in the form adopted by the Board, pursuant to which the Company agrees to indemnify
Executive and advance defense costs and expenses. The rights under this Section 17 shall in all cases be on terms no less
favorable to Executive than to other senior executives of the Company and shall survive the termination of employment until the
expiration of the applicable statute of limitations.

 

18.       Executive
Acknowledgement. Executive hereby acknowledges that Executive has read and understands the provisions of this Agreement, that
Executive has been given the opportunity for Executive’s legal counsel to review this Agreement, that the provisions of this
Agreement are reasonable and that Executive has received a copy of this Agreement.

 

[Signatures page follows]

 

    8 

     

    

  

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

 

	Telemynd, Inc.	 	 
	 	 	 	 
	By:	/s/ Donald D’Ambrosio	 	/s/ Patrick Herguth	 
	Name: 	Donald D’Ambrosio	 	Patrick Herguth	 
	Title: 	Chief Financial Officer	 	 	 

 

    9 

     

    

  

EXHIBIT A

 

(a)       “Beneficiary”
means any individual, trust or other entity named by Executive to receive the payments and benefits payable hereunder in
the event of the death of Executive. Executive may designate a Beneficiary to receive such payments and benefits by
completing a form provided by the Company and delivering it to the General Counsel or Secretary of the Company. Executive may
change his designated Beneficiary at any time (without the consent of any prior Beneficiary) by completing and delivering to
the Company a new beneficiary designation form. If a Beneficiary has not been designated by Executive, or if no designated
Beneficiary survives Executive, then the payment and benefits provided under this Agreement, if any, will be paid to
Executive’s estate, which shall be deemed to be Executive’s Beneficiary.

 

(b)       “Cause” means:
(i) Executive’s material breach of this Agreement or any other material policy of the Company, in each instance
only after a written demand to cure such breach is delivered to Executive by the Board (or a committee thereof) setting forth
in reasonable detail the circumstances of such breach and Executive fails to cure such breach (if it can be cured) within the
thirty (30) day period following his receipt of such written demand from the Board (or a committee thereof);
(ii) Executive’s continued willful neglect of Executive’s duties with the Company or failure to comply with an
express lawful written directive of the Board relating to Executive’s duties (other than as a result of
Executive’s incapacity due to physical or mental illness), after a written demand for substantial performance is
delivered to Executive by the Board (or a committee thereof) which specifically identifies the manner in which the Company
believes that Executive has neglected his duties or failed to comply with a Board directive and Executive fails to comply
with such written demand within the thirty (30) day period following its receipt; (iii) any intentional act of dishonesty, or
any act of material misappropriation, embezzlement, or fraud involving the Company or any of its affiliates; (iv) the
conviction of or the plea of nolo contendere or the equivalent by Executive of a felony or other crime involving moral
turpitude; or (v) Executive’s engagement in illegal conduct or gross misconduct which is materially injurious to the
Company. No act or failure to act by Executive shall be considered “willful” unless it is done or omitted to be
done by Executive in bad faith and without reasonable belief that he was acting in the best interests of the Company.

 

(c)       “Code”
means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.

 

(d)       
“Date of Termination” means the date specified in a notice of termination pursuant to Section 8 hereof, or Executive’s
last date as an active employee of the Company before a termination of employment due to death, Disability or other reason, as
the case may be.

 

(e)       “Disability”
means a mental or physical condition that renders Executive substantially incapable of performing his duties and obligations
under this Agreement, after taking into account provisions for reasonable accommodation, as determined by a medical doctor (such
doctor to be mutually determined in good faith by the parties) for three or more consecutive months or for a total of six months
during any 12 consecutive months; provided, that during such period the Company shall give Executive at least 30 days’ written
notice that it considers the time period for disability to be running.

 

(f)       
“Good Reason” means, unless Executive has consented in writing thereto, the occurrence of any of the following:

 

(i)       the
assignment to Executive of any duties materially inconsistent with Executive’s position under this Agreement, including any
change in title or material change in status, authority, duties or responsibilities, or other action which results in a material
diminution in Executive’s duties or responsibilities; (ii) a reduction in Executive’s Base Salary by the Company, unless
such reduction is made proportionately in connection with broader salary reductions among all of the Company’s executive
officers; (iii) the relocation of Executive’s principal place of employment by more than 30 miles; (iv) the failure of the
Company to obtain the assumption of the Company’s obligation to perform this Agreement by any successor to all or substantially
all of the assets of the Company within 15 days after a Business Combination or a sale or other disposition of all or substantially
all of the assets of the Company; and/or (v) the Company’s material breach of this Agreement.

 

    10 

     

    

  

EXHIBIT B

 

Confidential Separation
Agreement and General Release

 

This Confidential
Separation Agreement and General Release (“Agreement”) is made and entered into by _________ (the
“Company”) and  _________ (“Employee”).

 

Whereas
the Company and Employee mutually desire to set forth the terms and conditions of the termination of Employee’s employment
with the Company;

 

Whereas Employee is hereby advised
to consult with an attorney before signing this Agreement since it is a legal document,

 

Now, Therefore,
in consideration of the mutual covenants and agreements set forth below, the Company and Employee do hereby agree as follows:

 

1.Separation
Date. Employee’s last day of work with the Company will be _________ (the “Separation Date”). Employee
will be paid his regular base salary through the Separation Date, plus accrued but unused vacation pay ($ _________). Employee’s medical,
dental, and vision coverage, if elected, will continue through [_________] pursuant to COBRA. Final expense reports must be submitted
within one week of the Separation Date and will be processed in accordance with the Company’s expense policy. All other
benefits cease as of the Separation Date.

 

2.       Salary
and Benefits Continuation. In exchange for agreeing to and complying with the terms of this Agreement (including the general
release it contains), Employee will receive the following payments and benefits from the Company:

 

a.       The Company will
pay Employee at Employee’s most recent base salary amount (determined without regard to any reduction in such
base salary constituting “Good Reason” as that term is defined in Employee’s Employment Agreement with
the Company dated  _________ (the “Employment Agreement”)) for [ _________ ] months after the Separation Date,
less lawful deductions such as tax withholdings, FICA, and Medicare (the “Separation Payments”). The Separation
Payments shall be paid in [ _________ ] equal semi-monthly installments on the Company’s established pay days through
the Company’s regular payroll system, provided however, that the Separation Payments shall not begin until the first
pay day following the Effective Date (as defined in paragraph 12(g) below) at which time, the amounts that would have been
paid for the period between the Separation Date and the Effective Date, but which have not been paid as a result of the
delay described in this section (a), shall be paid.

 

b.       If Employee elects
to continue the Company-sponsored medical, dental, and/or vision coverage through COBRA, the Company will continue to provide
such medical, dental, and vision coverage through [ _________ ], with the cost sharing of the associated premiums continuing on
the same terms and conditions as such costs are shared with active employees. After such date, Employee may elect to continue
COBRA at his expense. The Company will pay Employee $ _________, less lawful deductions such as tax withholdings, FICA, and Medicare, which
is the full amount of Employee’s target bonuses for the fiscal year in which the Separation Date occurs, prorated based
upon goals achieved through the Separation Date (the “Bonus Payment”). Such payment will be made in equal installments
on each payment date.

 

c.       Other
than the payments and benefits specifically set forth in paragraph 1 and this paragraph 2, any vested equity, and any other amounts
vested under the Company’s 401(k) plan, Employee agrees that the Company and its affiliates do not owe Employee any further
payments, compensation, bonuses, benefits, stock options, severance, commissions, or any other remuneration of any kind whatsoever.
The Separation Payments and the Bonus Payment, if applicable, shall not be included in any calculation of benefits for purposes
of the Company’s 401(k) plan.

 

 

    11 

     

    

 

3.       General
Release of All Claims. In exchange for the payments and benefits set forth in paragraph 2 above, Employee knowingly and
voluntarily releases and forever discharges the Company and its parent and affiliated companies, and each of their current and
former officers, shareholders, directors, employees, members, attorneys, insurers, and agents thereof, both individually and in
their business capacities (collectively, the “Releasees”), of and from any and all claims, known and unknown, which
the Employee has or may have against any of the Releasees based on any conduct occurring from the beginning of the world up to
and including the date on which Employee signs this Agreement, including, but not limited to, any alleged claim pursuant to the
Age Discrimination in Employment Act, the Americans With Disabilities Act, the Employee Retirement Income Security Act, the Equal
Pay Act, the Fair Credit Reporting Act, the Family and Medical Leave Act, the National Labor Relations Act, the Occupational Safety
and Health Act, the Older Worker Benefit Protection Act, the Rehabilitation Act, the Sarbanes-Oxley Act, Title VII of the Civil
Rights Act of 1964, the Workers Adjustment and Retraining Notification Act, the [add applicable state & local statutes], and/or
any other federal, state, city, local or other fair employment practices, labor, employment, employee benefits, or other law, rule,
or regulation. Notwithstanding the foregoing, the Company acknowledges and recognizes that nothing in this Agreement prohibits
Employee from filing a charge or complaint with any federal, state, or local fair employment practices agency or from participating
in any investigation by any governmental agency. In the event that Employee receives any money or thing of value related to any
of the claims released above as a consequence of the filing of such a charge or complaint on Employee’s behalf or otherwise,
Employee agrees to and shall promptly pay or turn over any such money or thing of value to the Company.

 

4.       Confidentiality.
Employee acknowledges and agrees that he is still bound by the Company’s Employee Confidentiality and Inventions Assignment
Agreement. Employee and the Company agree that this Agreement and any and all matters concerning Employee’s separation from
the Company will be maintained in confidence and will not be disclosed to any person or entity. Employee further agrees that any
and all of the Company’s confidential information will be maintained in confidence and will not be disclosed to any person
or entity. Notwithstanding the foregoing, Employee may reveal the relevant terms of this Agreement to his spouse, tax advisor,
and/or an attorney with whom Employee chooses to consult regarding Employee’s consideration of this Agreement, or as may
be required by any governmental agency.

 

5.       Return
of Property; Deletion of Work-Related Electronic Files from Personal Devices. On or prior to the Separation Date, Employee
hereby agrees that he will return to the Company any and all laptops, iPads, cellular phones, credit cards, calling cards, marketing
materials, files, e-mails, data, confidential information, or other property of the Company, without deleting any data or applications
therefrom and without retaining any copies or extracts thereof. To the extent that Employee has any work-related files, e-mails,
data, or information in electronic form on Employee’s personal devices (or accessible therefrom), Employee further agrees
to delete all such files, e-mails, data, and information.

 

	 	6.	Employee’s Future Conduct and Obligations.

 

a.       Employee
acknowledges and agrees that he is still bound by the covenants (including restriction covenants) included in the Employment Agreement.

 

b.       Additionally,
Employee agrees that he will not at any time engage in any form of conduct, or make any statements or representations, that disparage
or otherwise impair the reputation, goodwill, or commercial interests of the Company, its management, officers, employees, stockholders,
and/or affiliates. The Company agrees that it will not at any time engage in any form of conduct, or

make any statements or representations,
that disparage or otherwise impair the reputation, goodwill, or business interests of the Employee.

 

c.       In
addition, Employee agrees to cooperate with the Company reasonably responding to questions relating to issues concerning his employment
with the Company and by making himself reasonably available to meet with the Company or its representatives to discuss any litigation,
arbitration, governmental investigation, internal company investigation, or other proceeding or matter with respect to which he
may have relevant information.

 

    12 

     

    

 

 

7.       Non-Admission.
The making of this Agreement is not intended, and shall not be construed, as an admission that either party hereto has violated
any federal, state or local law, ordinance or regulation, breached any contract (express or implied), or committed any wrong whatsoever.

 

8.       Notices.
Employee shall promptly notify the Company of any change in Employee’s residence address. Any notice to be given hereunder
may be delivered (a) in the case of the Company, by first class mail addressed to  __and by e-mail to ________________________, and
(b) in the case of the Employee, either to him personally or by first class mail to his last known residence address.

 

9.       Certain
Forfeitures in Event of Breach. Employee acknowledges and agrees that, notwithstanding any other provision of this Agreement
or his Employment Agreement, in the event the Employee breaches any obligation under this Agreement or his Employment Agreement
(in any non-diminimis respect), and Employee does not cure such breach within ten (10) business days of receipt of written notice
from the Company of such breach, Employee will forfeit his right to receive the payments provided for in paragraph 2 of this Agreement
(except for $100) and, to the extent that such payments have already been paid to the Employee, the Company shall have the right
to recover such payments from the Employee.

 

10.        Governing Law.
This Agreement shall be governed and construed in accordance with the laws of the State of _________without giving effect to the
principles of conflicts of laws thereof and the parties shall be subject to the personal jurisdiction and venue of federal and
state courts located in  ________________, in connection with any actions brought under this Agreement.

 

11.       Entire
Agreement. This Agreement and the Employment Agreement set forth the entire agreement between the parties hereto, and fully
supersede any prior agreements or understandings between the parties with respect to Employee’s separation. Employee acknowledges
that he has not relied on any representations, promises, or agreements of any kind made to him in connection with his decision
to accept this Agreement, except for those set forth in this Agreement and the Employment Agreement.

 

12.       
Meaning of Signing This Agreement. By signing this Agreement, Employee expressly acknowledges and agrees that:

 

	 	a.	Employee has carefully read this Agreement and fully understands what it means;

 

	 	b.	Employee have been advised in writing to discuss this Agreement with an attorney before signing it.

 

	 	c.	Employee has been given at least twenty-one (21) calendar days to consider this Agreement;

 

	 	d.	Employee has agreed to this Agreement knowingly and voluntarily, was not subject to any undue influence or duress, and is competent to execute this document;

 

	 	e.	Employee may revoke his acceptance of this Agreement within seven (7) days after signing it by sending a written notice of revocation to   ___________by e-mail at   ________________; and

 

	 	f.	On the eighth (8th) day after Employee signs this Agreement (the “Effective Date”), this Agreement becomes effective and enforceable if it has not been revoked.

 

13.       Return of
Signed Agreement. Employee may accept this Agreement by signing and dating the Agreement and returning it by email to
___at _____ within twenty-one (21) days after receiving it. In the event that Employee does not sign and return this
Agreement within said 21 days, this Agreement shall be deemed automatically null and void.

 

    13 

     

    

 

 

The parties
knowingly and voluntarily sign this Confidential Separation Agreement and General Release as of the date(s) set forth below:

 

	 	 	 	 	 	 	 
	By:	 	 	Dated:	 	,	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:	 	 	Dated:	 	,	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    14

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