Document:

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive Employment
Agreement (this “Agreement”) is made effective as of October 1, 2013 (“Effective Date”),
by and between DvineWave Inc., a Delaware corporation (“Company”), and Stephen R. Rizzone (“Executive”).

 

The parties agree as
follows:

 

1.Definitions.
For the purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1.

 

“Board”
— means the board of directors of Company.

 

“Cause”
— means the occurrence of any of the following events during Executive’s employment under this Agreement: (a) Executive’s
conviction of a felony involving fraud, misappropriation, embezzlement or dishonesty in conjunction with Executive’s duties
to Company; or (b) Executive’s repeated and willful failure to perform Executive’s job duties as defined by the Board
or material breach of this Agreement or the PIIA, provided, in each case, that the Board notifies the Executive of the acts deemed
to constitute such repeated and willful failure or material breach in writing and Executive fails to cure such failure or breach
within sixty (60) days after written notice is given.

 

“Continuation
Period” — means a period of time commencing upon the consummation of a Liquidation Event and terminating upon
the later to occur of (a) the first anniversary of the Liquidation Event and (b) the fourth anniversary of the Effective Date.

 

“Disability”
— means if (a) the Executive is unable to perform the essential duties of the Executive’s employment due to physical
or emotional incapacity or illness, where such inability is reasonably expected to be of long-continued and indefinite duration
(i.e., for at least three (3) months); or (b) the Executive is entitled to (i) disability retirement benefits under the federal
Social Security Act or (ii) recover benefits under any long-term disability plan or policy maintained by Company or the Executive.

 

“Equity Percentage”
– means six percent (6%) of Company’s fully-diluted capitalization, assuming the exercise or conversion of all exercisable
or convertible securities and including any shares reserved under any equity incentive plan or similar arrangement.

 

“Good Reason”
— means the occurrence of any of the following events during Executive’s employment under this Agreement: (a) any material
reduction in Base Salary or target Performance Bonus(es); (b) any reduction in Executive’s duties (including title, responsibilities
and/or authorities), provided, that that the Board may elect to separate the Chairman and Chief Executive Officer roles if they
deem such separation is in the best interests of the stockholders without such separation constituting Good Reason; (c) requiring
Executive to report to anyone other than the Board or employees of Company or any subsidiary of Company that reported to Executive
to report directly to the Board; (d) any requirement that the Executive relocate without appropriate relocation compensation and
consideration, including not requiring Executive to maintain two households, consideration of family circumstances, and providing
a relocation package consistent with Company’s industry, the Executive’s position and taking into consideration Executive’s
specific housing situation.

 

    	 

    	 

    

 

“IPO”
– means (a) a firm commitment underwritten public offering of Company’s Common Stock pursuant to an effective registration
statement under the Securities Act of 1933, as amended, immediately following which Company’s Common Stock is listed on a
national securities exchange, or (b) another equity financing transaction by Company immediately following which Company’s
Common Stock is either (i) listed on a national securities exchange, or (ii) otherwise publicly traded and listed, with material
public float and trading volume, as determined in good faith by the Board.

 

“Liquidation
Event” – means a merger, acquisition, consolidation or other transaction (other than an Equity Financing) following
which the holders of Company’s outstanding voting securities prior to such transaction hold less than 50% of the outstanding
voting securities of the acquiring or surviving corporation, or a sale, license or transfer of all or substantially all of Company’s
assets.

 

“PIIA”
– means Company’s standard form of Proprietary Information and Inventions Agreement attached hereto as Exhibit B.

 

“Section
409A” – means Section 409A of the Internal Revenue Code of 1986, as amended and the regulations promulgated
thereunder.

 

2.Employment.
Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions set forth herein.

 

3.Duties.

 

3.1Position.
Executive is employed as Company’s President, Chief Executive Officer and Chairman, and shall have the duties and responsibilities
as are normally related to such position, as well as such additional duties and responsibilities as may be reasonably assigned
by Company’s Board of Directors (the “Board”) from time to time. Executive shall perform faithfully
and diligently all such duties and responsibilities. Executive shall report to the Board. Executive will be entitled to serve as
member of the Board for so long as Executive continues to serve as Company’s President, Chief Executive Officer, but shall
resign from the Board and from his role as Chairman of the Board immediately after any termination of his employment hereunder.
As an officer and member of the Board, Executive shall enter in the form of Indemnification Agreement attached as Exhibit A
(the “Indemnification Agreement”). In addition, for so long as Executive serves as a member of the Board
and for a customary period thereafter, Company shall maintain director’s and officer’s insurance in such amount as
reasonably agreed by the Board.

 

3.2Best
Efforts/Full-time. Executive shall expend Executive’s best efforts on behalf of Company, and will abide by all policies
and decisions made by Company, as well as all applicable federal, state and local laws, regulations or ordinances. Executive shall
act in the best interest of Company at all times. Executive shall devote Executive’s full business time and efforts to the
performance of Executive’s assigned duties for Company, unless otherwise approved in advance by the Board; provided, however,
that the Executive shall be permitted to serve as a member of the
board of directors or managers of up to two corporations, limited liability companies or other entities other than Company, or
to participate in other advisory or charitable activities, provided further that such activities do not conflict with Company’s
core business and such service does not materially interfere with Executive’s duties at Company.

 

    	-2-

    	 

    

 

4.At-Will Employment.
Executive’s employment with Company is at-will and not for any specified period and may be terminated at any time with or
without cause or advance notice by either Executive or Company, subject to the conditions set forth in Section 7 below. No
representative of Company, other than the Board, has the authority to alter the at-will employment relationship. Nothing in this
Agreement is intended to or should be construed to contradict, modify or alter this at-will relationship.

 

5.Compensation.

 

5.1Base Salary.
As compensation for Executive’s performance of Executive’s duties hereunder, Company shall pay to Executive an initial
base salary of $150,000.00 per year prior to the consummation of the IPO and $300,000.00 per year beginning immediately following
the consummation the IPO (the “Base Salary”). Subject to Company’s capital needs and compliance
with Section 409A and applicable minimum wage requirements, the Executive may elect to defer the payment of some or all of the
Base Salary earned prior to the IPO until the consummation of the IPO (but no later than then one year after deferral). The Base
Salary shall be payable in accordance with the normal payroll practices of Company, less required deductions for state and federal
withholding tax, social security and all other employment taxes and payroll deductions. In the event Executive’s employment
under this Agreement is terminated by either party, for any reason, Executive shall earn the Base Salary prorated to the date of
termination. The Base Salary shall be subject to periodic review and increase in the discretion of the Board. This position is
an exempt position, which means Executive is paid for the job and not by the hour. Accordingly, Executive shall not receive overtime
pay if Executive works more than 8 hours in a workday or 40 hours in a workweek.

 

5.2Performance
Bonuses. Executive shall be eligible to receive up to five (5) performance bonuses (the “Performance Bonuses”
and each, a “Performance Bonus”) per year in the amount of $30,000.00 each, up to $150,000.00 in the
aggregate, four (4) of which Performance Bonuses shall be payable with respect to the completion of each fiscal quarter and one
(1) of which shall be payable with respect to the completion of the fiscal year. Each Performance Bonus shall be payable in accordance
with the normal payroll practices of Company on the first payroll date following the completion of each fiscal quarter, less required
deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. The criteria
for the payment of the Performance Bonuses shall be based upon the achievement of objectives (the “Objectives”)
as mutually agreed between the Executive and the Board prior to the beginning of each fiscal year or as otherwise agreed in writing
thereafter. In the event Executive’s employment by Company terminates for any reason prior to the completion of a fiscal
quarter, the Performance Bonus for such fiscal quarter shall be pro-rated based upon the number of days of such fiscal quarter
serve and the achievement or partial achievement of any Objectives during such fiscal quarter. No Performance Bonuses shall be
earned or payable with respect to the period of Executive’s employment prior to the consummation of the IPO.

 

    	-3-

    	 

    

 

5.3Equity Grants.
Executive shall be granted an incentive stock option pursuant to Company’s equity incentive plan (the “Plan”)
of 1,100,000 shares (the “Option”) representing the Equity Percentage as of the grant date together with
an estimate of the dilutive effect of the IPO. The Option shall be issued as soon as reasonably practicable following the Effective
Date and shall be subject to vesting with 1/48th of the shares subject to the Option vesting upon the completion of each month
of continuous service by Executive as an employee, director or consultant of Company and acceleration of vesting as set forth in
Section 8 below. If, following the consummation of the IPO, the Option represents more than the Equity Percentage, then, at Company’s
election, Company may cancel up to the number of shares subject to the Option, without additional consideration to Executive, such
that the Option shall represent the Equity Percentage following the consummation of the IPO. If and to the extent the Option shall
represent less than the Equity Percentage following the consummation of the IPO, Company shall grant Executive an additional option
to purchase the number of shares of Common Stock of Company constituting, together with the Option, the Equity Percentage immediately
following the consummation of the IPO (the “Second Option”). The Second Option shall vest, subject to
Executive’s continued employment, over the same vesting schedule as the Option with appropriate adjustment such that one
hundred percent (100%) of the shares subject to the Option and the Second Option shall be fully vested and exercisable on the four-year
anniversary of the Effective Date, unless earlier terminated or accelerated as provided herein. The Option and the Second Option
shall each be subject to the terms and conditions of the Plan and form of agreement thereunder and shall have an exercise price
per share equal to the fair market value of Company’s Common Stock as determined by the Board in good faith on the date of
grant.

 

6.Benefits.
Executive shall be eligible for all customary and usual fringe benefits generally available to senior executives of Company, including
group health insurance coverage, subject to the terms and conditions of Company’s benefit plan documents.

 

7.Business Expenses.
Executive will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance of Executive’s
duties on behalf of Company (“Business Expenses”). To obtain reimbursement, expenses must be submitted
promptly with appropriate supporting documentation in accordance with Company’s policies.

 

    	-4-

    	 

    

 

8.Termination
of Employment.

 

8.1By Death or
Disability. Executive’s employment will terminate automatically on the death of Executive or upon Executive’s Disability.
In such event, Company will pay to Executive’s beneficiaries or estate, as appropriate, in a lump sum less required deductions
for state and federal withholding tax, social security and all other employment taxes and payroll deductions, within thirty (30)
days of Executive’s death, an amount equal to the sum of (a) one year of additional Base Salary at the rate in effect of
such termination date, (b) five (5) Performance Bonuses, with each such Performance Bonus equal to the average of the Performance
Bonuses paid with respect to the two (2) fiscal quarters or the fiscal quarter and fiscal year end, as applicable, immediately
preceding Executive’s death or Disability (such amount in this Section 8.2(b) together with that in Section 8.2(a) being
referred to in this Agreement as the “Severance Amount”), and (c) any Base Salary as shall have accrued
but remain unpaid and any un-reimbursed Business Expenses as of the date of Executive’s death or Disability. In addition,
on the death of Executive or upon Executive’s Disability, twenty-five percent (25%) of the shares subject to the Option and
the Second Option shall immediately vest and become exercisable, Executive shall have a period of one year post-termination in
which to exercise the Option and the Second Option, and if a Liquidation Event shall occur following the death of Executive or
upon Executive’s Disability and prior to the termination of the Option and the Second Option, one hundred percent (100%)
of the shares subject to the Option and the Second Option shall immediately vest and become exercisable effective immediately prior
to the consummation of the Liquidation Event. For purposes of this Agreement, in the event of a dispute, the determination of a
Disability shall be made reasonably by the Board of Directors acting in good faith and shall be supported by advice of an independent
physician competent in the area to which such Disability relates. Executive must submit to a reasonable number of examinations
by the physician making the determination of disability, and the Executive hereby authorizes the disclosure and release to the
Company of such determination and all supporting medical records. If Executive is not legally competent, Executive’s legal
guardian or duly authorized attorney-in-fact will act in Executive’s stead, for the purposes of submitting Executive to the
examinations, and providing the authorization of disclosure as required under this Section 8.2.

 

8.2By Company
for Cause. Executive’s employment with the Company may be terminated at the option of and by written notice from the
Company for Cause (which notice shall specify the applicable Cause, in reasonable detail). Upon any such termination, all rights,
obligations and duties of the parties hereunder shall immediately cease (including, but not limited to, the payment by the Company
of any Performance Bonuses or severance payments as set forth in this Section 8), except for the Executive’s obligations
under Section 10 and Company’s obligation; provided, that Company shall pay any accrued but unpaid Base Salary and reimburse
any Business Expenses as provided in Section 7.

 

8.3By Company
without Cause or by Employee for Good Reason. Company may terminate Executive “at will” and without Cause at any
time, and Executive may terminate Executive’s employment for Good Reason. In the event Company terminates Executive’s
employment without Cause or Executive terminates Executive’s employment with Good Reason during Executive’s employment
hereunder, all of the following will apply: (a) immediately upon termination, Company will pay to Executive the Severance Amount;
(b) twenty-five percent (25%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable,
(c) Executive shall have a period of one year following termination in which to exercise the Option and the Second Option, and
(d) if a Liquidation Event shall occur following Company’s termination of Executive’s employment without Cause and
prior to the termination of the Option and the Second Option, one hundred percent (100%) of the shares subject to the Option and
the Second Option shall immediately vest and become exercisable.

 

8.4By Executive
without Good Reason. Executive may terminate Executive’s Employment at will (without Good Reason) upon written notice
to Company. Executive shall be entitled to all Base Salary at the rate then in effect up to and through the effective date of termination,
as well as any unreimbursed Business Expenses.

 

    	-5-

    	 

    

 

8.5Continuation
of Benefits. Following the coverage termination date under Company’s group medical, life and long-term disability insurance
plans, Executive, his spouse and his dependents shall be entitled to continuation of coverage pursuant to any statutory rights
Executive may then have for such continuation coverage (whether under part VI of Subtitle B of Title I of the Executive Retirement
Income Security Act of 1974, as amended, or Section 4980B of the Internal Revenue Code of 1986, as amended (together, “COBRA”),
or otherwise). Such continuation coverage shall be provided in accordance with applicable law and the terms of the any Company
benefit plans as they may be amended from time to time and shall be afforded no longer than the period provided by law and only
to the extent that Executive complies with all conditions of such continuation coverage on a timely basis. In the event of termination
by Company without Cause, by Executive with Good Reason or upon Executive’s death or Disability, the Company will continue
to provide coverage or reimburse Executive for the costs of COBRA for a period of one (1) year.

 

8.6Application
of Section 409A.

 

(a)Notwithstanding
anything set forth in this Agreement to the contrary, any payments and benefits provided pursuant to this Agreement which constitute
“deferred compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code
and the regulations and other guidance thereunder and any state law of similar effect (“Section 409A”) shall
not commence until Executive has incurred a “separation from service” (as such term is defined in the Treasury Regulation
Section 1.409A-1(h) (“Separation From Service”), unless Company reasonably determines that such amounts may
be provided to Executive without causing Executive to incur the additional 20% tax under Section 409A. 

 

(b)It
is intended that each installment of the severance benefits payments provided for in this Agreement is a separate “payment”
for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). For the avoidance of doubt, it is intended that payments of the
Severance Benefits set forth in this Agreement satisfy, to the greatest extent possible, the exemptions from the application of
Section 409A provided under Treasury Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9). However, if the Company
(or, if applicable, the successor entity thereto) determines that the severance benefits constitute “deferred compensation”
under Section 409A and Executive is, on the termination of Executive’s service, a “specified employee” of Company
or any successor entity thereto, as such term is defined in Section 409A(a)(2)(B)(i) of the Code, then, solely, to the extent necessary
to avoid the incurrence of the adverse personal tax consequences under Section 409A, the timing of the severance benefit payments
shall be delayed until the earlier to occur of: (i) the date that is six months and one day after Executive’s Separation
From Service or (ii) the date of Executive’s death (such applicable date, the “Specified Employee Initial Payment
Date”), Company (or the successor entity thereto, as applicable) shall (A) pay Executive a lump sum amount equal to the
sum of the severance benefit payments that Executive would otherwise have received through the Specified Employee Initial Payment
Date if the commencement of the payment of the severance benefits had not been so delayed pursuant to this section and (B) commence
paying the balance of the severance benefits in accordance with the applicable payment schedules set forth in this Agreement.

 

    	-6-

    	 

    

 

(c)Except
to the minimum extent that payments must be delayed because Executive is a “specified employee” (as described above)
or until the effectiveness of the Release, all amounts will be paid as soon as practicable in accordance with the Company’s
normal payroll practices.

 

9.Liquidation
Event. Upon the occurrence of a Liquidation Event, in addition to any other benefits or acceleration of vesting as set forth
herein, Executive’s employment as a full-time employee of Company shall terminate, and Executive and Company shall enter
into a consulting agreement on terms to be mutually agreed (the “Consulting Agreement”), which Consulting
Agreement shall, in any event, provide for Executive to provide consulting services to Company in an amount mutually agreed with
the acquiring entity in exchange for (a) Base Salary for the duration of the Consulting Period at the rate in effect of as of the
date such election is made by the Executive, (b) the full amount of the Performance Bonuses (five Performance Bonuses per year),
(c) such other benefits and expense reimbursements as would otherwise be provided to Executive pursuant to Sections 6 and 7 hereof
in the event Executive remained employed hereunder, (d) the continued monthly vesting of the Option and the Second Option, as applicable,
during the duration of the Continuation Period, subject to Executive’s continuous service to Company pursuant to the Consulting
Agreement during each such month of the Continuation Period. Prior to the expiration of the Continuation Period, the Consulting
Agreement may only be terminated by Executive (but not by Company). The Continuation Period shall be for a minimum of 24 months
or until all of the unvested options have vested, whichever is greater. For the avoidance of doubt, in the event Executive enters
into a consulting agreement to provide consulting services to Company during the Continuation Period such termination of Executive’s
employment as a full-time employee of Company shall not constitute a termination of Executive without Cause or resignation by Executive
with or without Good Reason.

 

10.No Conflict
of Interest. During the term of Executive’s employment with Company, Executive must not engage in any work, paid or unpaid,
that creates a conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing
with Company in any way, or acting as an officer, director, Executive, consultant, stockholder, volunteer, lender, or agent of
any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged
or in which Company becomes engaged during the term of Executive’s employment with Company, as may be determined by the Board
in its sole discretion. If the Board believes such a conflict exists during the term of this Agreement, the Board may ask Executive
to choose to discontinue the other work or resign employment with Company. Executive hereby represents and warrants that acceptance
of employment with Company and execution and performance of this Agreement by Executive does not conflict with or violate any provision
of or constitute a default under any agreement, judgment, award or decree to which Executive is a party or by which Executive is
bound, including, but not limited to, any implied or express agreement with any of Executive’s prior employers.

 

11.Proprietary
Information and Inventions Assignment Agreement. Executive agrees to read, sign and abide by PIIA, which is incorporated herein
by reference.

 

    	-7-

    	 

    

 

12.Parachute
Payments.

 

12.1If any payment
or benefit Executive would receive from the Company pursuant to this Agreement or otherwise (“Payment”)
would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986,
as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Payment will be equal to the Reduced Amount. The “Reduced
Amount” shall be either (x) the largest portion of the Payment that would result in no portion of the Payment being
subject to the Excise Tax, or (y) the largest portion, up to and including the total, of the Payment, whichever amount ((x) or
(y)), after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all
computed at the highest applicable marginal rate), results in Executive’s receipt of the greatest economic benefit notwithstanding
that all or some portion of the Payment may be subject to the Excise Tax. If a Reduced Amount will give rise to the greater after
tax benefit, the reduction in the Payments shall occur in the following order: (a) reduction of cash payments; (b) cancellation
of accelerated vesting of equity awards other than stock options; (c) cancellation of accelerated vesting of stock options; and
(d) reduction of other benefits paid to Executive. Within any such category of payments and benefits (that is, (a), (b), (c) or
(d)), a reduction shall occur first with respect to amounts that are not “deferred compensation” within the meaning
of Section 409A of the Code and then with respect to amounts that are. In the event that acceleration of compensation from Executive’s
equity awards is to be reduced, such acceleration of vesting shall be canceled, subject to the immediately preceding sentence,
in the reverse order of the date of grant.

 

12.2The independent
registered public accounting firm engaged by Company for general audit purposes as of the day prior to the effective date of the
event described in Section 280G(b)(2)(A)(i) of the Code shall perform the foregoing calculations. If the independent registered
public accounting firm so engaged by the Company is serving as accountant or auditor for the individual, entity or group effecting
such event, Company shall appoint a nationally recognized independent registered public accounting firm to make the determinations
required hereunder. Company shall bear all expenses with respect to the determinations by such independent registered public accounting
firm required to be made hereunder. The independent registered public accounting firm engaged to make the determinations hereunder
shall provide its calculations, together with detailed supporting documentation, to Company and Executive within thirty (30) calendar
days after the date on which Executive’s right to a Payment is triggered (if requested at that time by Company or Executive)
or such other time as reasonably requested by Company or Executive. Any good faith determinations of the independent registered
public accounting firm made hereunder shall be final, binding and conclusive upon the Company and Executive.

 

12.3Notwithstanding
the above, prior to any reduction in payments and benefits under this Section 6, at Executive’s request the Company agrees,
if permissible under Section 280G of the Code and applicable law (and subject to any applicable requirements including any requirements
that may be applicable to Executive), to solicit a vote of all eligible shareholders of the Company for approval of such amounts
such that the compensation will not be subject to the Excise Tax as provided in Q&As 6 and 7 of Section 1.280G-1 of the Treasury
Regulations or any superseding provision of such regulations. The Company agrees to take all reasonable steps, in good faith, to
solicit such vote if so request.

 

    	-8-

    	 

    

 

13.General Provisions.

 

13.1Successors
and Assigns. The rights and obligations of Company under this Agreement shall inure to the benefit of and shall be binding
upon the successors and assigns of Company. Executive shall not be entitled to assign any of Executive’s rights or obligations
under this Agreement.

 

13.2Waiver.
Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such
provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

13.3Attorneys’
Fees. Each side will bear its own attorneys’ fees in any dispute unless a statutory section at issue, if any, authorizes
the award of attorneys’ fees to the prevailing party.

 

13.4Severability.
In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction,
such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification
is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity
and enforceability of the remaining provisions shall not be affected thereby.

 

13.5Interpretation;
Construction. The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this
Agreement. This Agreement has been drafted by legal counsel representing the Executive and Company and has participated in the
negotiation of its terms. Furthermore, Company acknowledges that Company has had an opportunity to review and revise the Agreement
and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities
are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.

 

13.6Governing
Law; Venue and Jurisdiction. This Agreement shall be governed by and construed under California law, without regard to conflict
of laws principles. Any dispute between the parties arising from this Agreement, including any disputes concerning the negotiation,
interpretation, validity, performance, breach or enforcement of this Agreement and the scope or applicability of this agreement
to arbitrate, shall be determined by arbitration in Orange County, California before one arbitrator, who shall be a retired judge
of the Los Angeles Superior Court or Orange County Superior Court or a retired justice of the California Court of Appeal for the
Second Appellate District. The arbitration shall be administered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures.
Judgment on the arbitration award may be entered in any court having jurisdiction. This clause shall not preclude parties from
seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. Any party who is deemed the prevailing
party by the arbitrator shall be entitled to his or its reasonable attorneys’ fees and costs. The Company shall bear the
costs of the arbitrator, forum and filing fees in connection with any such arbitration.

 

    	-9-

    	 

    

 

13.7Survival.
Sections 8, 9, 10, 11, 12 and 13 of this Agreement shall survive any termination of Executive’s employment by Company.

 

13.8Confidentiality
of Terms. Executive agrees to follow Company’s strict policy that Executives must not disclose, either directly or indirectly,
any information, including any of the terms of this Agreement, regarding salary, bonuses, or stock purchase or option allocations
to any person, including other Executives of Company; provided, that Executive may discuss such terms with members of his immediate
family and any legal, tax or accounting specialists who provide Executive with individual legal, tax or accounting advice provided,
further, that such family members or specialists are bound by similar obligations of confidentiality.

 

13.9Notice.
Any notices hereunder will be given to the appropriate party at the address, fax number or email address set forth on the signature
page hereto, or at such other address as the party will specify in writing. Notice will be deemed given: upon delivery, if sent
by email or personal delivery; if sent by fax, upon confirmation of receipt; or if sent by certified mail, postage prepaid, 3 days
after the date of mailing.

 

14.Entire Agreement;
Amendments. This Agreement, including the Indemnification Agreement, the PIIA and the Plan and related stock option
documents constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous
representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified
only with a signed writing by Company and Executive. No oral waiver, amendment or modification will be effective under any circumstances
whatsoever.

 

[Signature Page Follows]

 

    	-10-

    	 

    

 

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT
AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. THE PARTIES HAVE EXECUTED THIS AGREEMENT AS OF THE EFFECTIVE DATE.

 

	 	EXECUTIVE:
	 	 	 
	 	 	 
	 	/s/ Stephen R. Rizzone
	 	Stephen R. Rizzone
	 	 	 
	 	Address:
	 	 	 
	 	1301 Dolphin Terrace
	 	Corona del Mar, CA  92625
	 	 	 
	 	 	 
	 	 	 
	 	COMPANY:
	 	 	 
	 	DVINEWAVE INC.
	 	 	 
	 	 	 
	 	By: 	 /s/ Michael Leabman
	 	 	 
	 	Name:  	Michael Leabman
	 	 	 
	 	Title:  	Chief Technology Officer
	 	 	 
	 	Address:EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive Employment
Agreement (this “Agreement”) is made effective as of October 1, 2013 (“Effective Date”),
by and between DvineWave Inc., a Delaware corporation (“Company”), and Michael Leabman (“Executive”).

 

The parties agree as
follows:

 

1.Definitions.
For the purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1.

 

“Board”
— means the board of directors of Company.

 

“Cause”
— means the occurrence of any of the following events during Executive’s employment under this Agreement: (a) Executive’s
conviction of a felony involving fraud, misappropriation, embezzlement or dishonesty in conjunction with Executive’s duties
to Company; or (b) Executive’s repeated and willful failure to perform Executive’s job duties as defined by the Board
or material breach of this Agreement or the PIIA, provided, in each case, that the Board notifies the Executive of the acts deemed
to constitute such repeated and willful failure or material breach in writing and Executive fails to cure such failure or breach
within sixty (60) days after written notice is given.

 

“Disability”
— means if (a) the Executive is unable to perform the essential duties of the Executive’s employment due to physical
or emotional incapacity or illness, where such inability is reasonably expected to be of long-continued and indefinite duration
(i.e., for at least three (3) months); or (b) the Executive is entitled to (i) disability retirement benefits under the federal
Social Security Act or (ii) recover benefits under any long-term disability plan or policy maintained by Company or the Executive.

 

“Equity Percentage”
– means three percent (3%) of Company’s fully-diluted capitalization, assuming the exercise or conversion of all exercisable
or convertible securities and including any shares reserved under any equity incentive plan or similar arrangement.

 

“Good Reason”
— means the occurrence of any of the following events during Executive’s employment under this Agreement: (a) any material
reduction in Base Salary or target Performance Bonus(es); (b) any reduction in Executive’s duties (including title, responsibilities
and/or authorities); (c) requiring Executive to report to anyone other than the Chief Executive Officer of Company; (d) any requirement
that the Executive relocate without appropriate relocation compensation and consideration, including not requiring Executive to
maintain two households, consideration of family circumstances, and providing a relocation package consistent with Company’s
industry, the Executive’s position and taking into consideration Executive’s specific housing situation.

 

“IPO”
– means (a) a firm commitment underwritten public offering of Company’s Common Stock pursuant to an effective registration
statement under the Securities Act of 1933, as amended, immediately following which Company’s Common Stock is listed on
a national securities exchange, or (b) another equity financing transaction by Company immediately following which Company’s
Common Stock is either (i) listed on a national securities exchange, or (ii) otherwise publicly traded and listed, with material
public float and trading volume, as determined in good faith by the Board.

 

    	 

    	 

    

 

“Liquidation
Event” – means a merger, acquisition, consolidation or other transaction (other than an Equity Financing) following
which the holders of Company’s outstanding voting securities prior to such transaction hold less than 50% of the outstanding
voting securities of the acquiring or surviving corporation, or a sale, license or transfer of all or substantially all of Company’s
assets.

 

“PIIA”
– means Company’s standard form of Proprietary Information and Inventions Agreement attached hereto as Exhibit B.

 

“Section
409A” – means Section 409A of the Internal Revenue Code of 1986, as amended and the regulations promulgated
thereunder.

 

2.Employment.
Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions set forth herein.

 

3.Duties.

 

3.1Position.
Executive is employed as Company’s Chief Technology Officer, and shall have the duties and responsibilities as are normally
related to such position, as well as such additional duties and responsibilities as may be reasonably assigned by Company’s
Chief Executive Officer (the “CEO”) or the Board from time to time. Executive shall perform faithfully
and diligently all such duties and responsibilities and shall report to the CEO. Executive will be entitled to serve as member
of the Board at the pleasure of the other members of the Board and the stockholders of Company and hereby agrees to resign if so
requested by a majority of the other members of the Board or the stockholders of Company. As an officer and member of the Board,
Executive shall enter in the form of Indemnification Agreement attached as Exhibit A (the “Indemnification Agreement”).
In addition, for so long as Executive serves as a member of the Board and for a customary period thereafter, Company shall maintain
director’s and officer’s insurance in such amount as reasonably agreed by the Board.

 

3.2Best
Efforts/Full-time. Executive shall expend Executive’s best efforts on behalf of Company, and will abide by all policies
and decisions made by Company, as well as all applicable federal, state and local laws, regulations or ordinances. Executive shall
act in the best interest of Company at all times. Executive shall devote Executive’s full business time and efforts to the
performance of Executive’s assigned duties for Company, unless otherwise approved in advance by the Board; provided, however,
that the Executive shall be permitted to serve as a member of the
board of directors or managers of up to two corporations, limited liability companies or other entities other than Company, or
to participate in other advisory or charitable activities, provided further that such activities do not conflict with Company’s
core business and such service does not materially interfere with Executive’s duties at Company.

 

    	-2-

    	 

    

 

4.At-Will Employment.
Executive’s employment with Company is at-will and not for any specified period and may be terminated at any time with or
without cause or advance notice by either Executive or Company, subject to the conditions set forth in Section 7 below. No
representative of Company, other than the Board, has the authority to alter the at-will employment relationship. Nothing in this
Agreement is intended to or should be construed to contradict, modify or alter this at-will relationship.

 

5.Compensation.

 

5.1Base Salary.
As compensation for Executive’s performance of Executive’s duties hereunder, Company shall pay to Executive an initial
base salary of $250,000.00 per year (the “Base Salary”). The Base Salary shall be payable in accordance
with the normal payroll practices of Company, less required deductions for state and federal withholding tax, social security and
all other employment taxes and payroll deductions. In the event Executive’s employment under this Agreement is terminated
by either party, for any reason, Executive shall earn the Base Salary prorated to the date of termination. The Base Salary shall
be subject to periodic review and increase in the discretion of the Board. This position is an exempt position, which means Executive
is paid for the job and not by the hour. Accordingly, Executive shall not receive overtime pay if Executive works more than 8 hours
in a workday or 40 hours in a workweek.

 

5.2Performance
Bonuses. Executive shall be eligible to receive performance bonuses (the “Performance Bonuses” and
each, a “Performance Bonus”) in an amount equal to up to twenty percent (20%) of the Base Salary in the
aggregate per annum. The criteria for the payment of the Performance Bonuses shall be based upon the achievement of certain objectives
with respect to Executive’s performance and the performance of Company (the “Objectives”) as determined
by the CEO and the Board. Each Performance Bonus shall be payable in accordance with the normal payroll practices of Company on
the first payroll date following the completion of the fiscal quarter in which such Objective was achieved, less required deductions
for state and federal withholding tax, social security and all other employment taxes and payroll deductions. In the event Executive’s
employment by Company terminates for any reason prior to the completion of a fiscal quarter, the Performance Bonus for such fiscal
quarter shall be pro-rated based upon the number of days of such fiscal quarter serve and the achievement or partial achievement
of any Objectives during such fiscal quarter. No Performance Bonuses shall be earned or payable with respect to the period of Executive’s
employment prior to the consummation of the IPO.

 

    	-3-

    	 

    

 

5.3Equity Grants.
Executive shall be granted an incentive stock option pursuant to Company’s equity incentive plan (the “Plan”)
of 230,000 shares (the “Option”) representing, together with any other shares or options to acquire shares
of the Company’s Common Stock owned by Executive (“Other Equity Interests”), the Equity Percentage
as of the grant date together with an estimate of the dilutive effect of the IPO. The Option shall be issued as soon as reasonably
practicable following the Effective Date and shall be subject to vesting with 1/48th of the shares subject to the Option
vesting upon the completion of each month of continuous service by Executive as an employee, director or consultant of Company
and acceleration of vesting as set forth in Sections 8 and 9 below. If, following the consummation of the IPO, the Option, together
with any Other Equity Interests, represents more than the Equity Percentage, then, at Company’s election, Company may cancel
up to the number of shares subject to the Option, without additional consideration to Executive, such that the Option, together
with any Other Equity Interests, shall represent the Equity Percentage following the consummation of the IPO. If and to the extent
the Option, together with any Other Equity Interests, shall represent less than the Equity Percentage following the consummation
of the IPO, Company shall grant Executive an additional option to purchase the number of shares of Common Stock of Company constituting,
together with the Option and any Other Equity Interests, the Equity Percentage immediately following the consummation of the IPO
(the “Second Option”). The Second Option shall vest, subject to Executive’s continued employment,
over the same vesting schedule as the Option with appropriate adjustment such that one hundred percent (100%) of the shares subject
to the Option and the Second Option shall be fully vested and exercisable on the four-year anniversary of the Effective Date, unless
earlier terminated or accelerated as provided herein. The Option and the Second Option shall each be subject to the terms and conditions
of the Plan and form of agreement thereunder and shall have an exercise price per share equal to the fair market value of Company’s
Common Stock as determined by the Board in good faith on the date of grant.

 

6.Benefits.
Executive shall be eligible for all customary and usual fringe benefits generally available to senior executives of Company, including
group health insurance coverage, subject to the terms and conditions of Company’s benefit plan documents.

 

7.Business Expenses.
Executive will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance of Executive’s
duties on behalf of Company (“Business Expenses”). To obtain reimbursement, expenses must be submitted
promptly with appropriate supporting documentation in accordance with Company’s policies.

 

8.Termination
of Employment.

 

8.1By Death or
Disability. Executive’s employment will terminate automatically on the death of Executive or upon Executive’s Disability.
In such event, Company will pay to Executive’s beneficiaries or estate, as appropriate, in a lump sum less required deductions
for state and federal withholding tax, social security and all other employment taxes and payroll deductions, within thirty (30)
days of Executive’s death, an amount equal to the sum of (a) one year of additional Base Salary at the rate in effect of
such termination date, (b) a Performance Bonus in an amount equal to the sum of the Performance Bonuses actually paid by Company
to Executive in the calendar year immediately preceding Executive’s death or Disability (such amount in this Section 8.2(b)
together with that in Section 8.2(a) being referred to in this Agreement as the “Severance Amount”),
and (c) any Base Salary as shall have accrued but remain unpaid and any un-reimbursed Business Expenses as of the date of Executive’s
death or Disability. In addition, on the death of Executive or upon Executive’s Disability, twenty-five percent (25%) of
the shares subject to the Option shall immediately vest and become exercisable, Executive shall have a period of one year post-termination
in which to exercise the Option, and if a Liquidation Event shall occur following the death of Executive or upon Executive’s
Disability and prior to the termination of the Option, one hundred percent (100%) of the shares subject to the Option shall immediately
vest and become exercisable effective immediately prior to the consummation of the Liquidation Event. For purposes of this Agreement,
in the event of a dispute, the determination of a Disability shall be made reasonably by the Board of Directors acting in good
faith and shall be supported by advice of an independent physician competent in the area to which such Disability relates. Executive
must submit to a reasonable number of examinations by the physician making the determination of disability, and the Executive hereby
authorizes the disclosure and release to the Company of such determination and all supporting medical records. If Executive is
not legally competent, Executive’s legal guardian or duly authorized attorney-in-fact will act in Executive’s stead,
for the purposes of submitting Executive to the examinations, and providing the authorization of disclosure as required under this
Section 8.1.

 

    	-4-

    	 

    

 

8.2By Company
for Cause. Executive’s employment with the Company may be terminated at the option of and by written notice from the
Company for Cause (which notice shall specify the applicable Cause, in reasonable detail). Upon any such termination, all rights,
obligations and duties of the parties hereunder shall immediately cease (including, but not limited to, the payment by the Company
of any Performance Bonuses or severance payments as set forth in this Section 8), except for the Executive’s obligations
under Section 10 and Company’s obligation; provided, that Company shall pay any accrued but unpaid Base Salary and reimburse
any Business Expenses as provided in Section 7.

 

8.3By Company
without Cause or by Employee for Good Reason. Company may terminate Executive “at will” and without Cause at any
time, and Executive may terminate Executive’s employment for any reason, including Good Reason. In the event Company terminates
Executive’s employment without Cause or Executive terminates Executive’s employment with Good Reason during Executive’s
employment hereunder, all of the following will apply: (a) immediately upon termination, Company will pay to Executive the Severance
Amount; (b) twenty-five percent (25%) of the shares subject to the Option shall immediately vest and become exercisable, (c) Executive
shall have a period of one year following termination in which to exercise the Option, and (d) if a Liquidation Event shall occur
following Company’s termination of Executive’s employment without Cause and prior to the termination of the Option,
one hundred percent (100%) of the shares subject to the Option shall immediately vest and become exercisable.

 

8.4By Executive
without Good Reason. Executive may terminate Executive’s Employment at will (without Good Reason) upon written notice
to Company. Executive shall be entitled to all Base Salary at the rate then in effect up to and through the effective date of termination,
as well as any unreimbursed Business Expenses.

 

8.5Continuation
of Benefits. Following the coverage termination date under Company’s group medical, life and long-term disability insurance
plans, Executive, his spouse and his dependents shall be entitled to continuation of coverage pursuant to any statutory rights
Executive may then have for such continuation coverage (whether under part VI of Subtitle B of Title I of the Executive Retirement
Income Security Act of 1974, as amended, or Section 4980B of the Internal Revenue Code of 1986, as amended (together, “COBRA”),
or otherwise). Such continuation coverage shall be provided in accordance with applicable law and the terms of the any Company
benefit plans as they may be amended from time to time and shall be afforded no longer than the period provided by law and only
to the extent that Executive complies with all conditions of such continuation coverage on a timely basis. In the event of termination
by Company without Cause, by Executive with Good Reason or upon Executive’s death or Disability, the Company will continue
to provide coverage or reimburse Executive for the costs of COBRA for a period of one (1) year.

 

    	-5-

    	 

    

 

8.6Application
of Section 409A.

 

(a)Notwithstanding
anything set forth in this Agreement to the contrary, any payments and benefits provided pursuant to this Agreement which constitute
“deferred compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code
and the regulations and other guidance thereunder and any state law of similar effect (“Section 409A”)
shall not commence until Executive has incurred a “separation from service” (as such term is defined in the Treasury
Regulation Section 1.409A-1(h) (“Separation From Service”), unless Company reasonably determines that
such amounts may be provided to Executive without causing Executive to incur the additional 20% tax under Section 409A. 

 

(b)It
is intended that each installment of the severance benefits payments provided for in this Agreement is a separate “payment”
for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). For the avoidance of doubt, it is intended that payments of the
Severance Benefits set forth in this Agreement satisfy, to the greatest extent possible, the exemptions from the application of
Section 409A provided under Treasury Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9). However, if the Company
(or, if applicable, the successor entity thereto) determines that the severance benefits constitute “deferred compensation”
under Section 409A and Executive is, on the termination of Executive’s service, a “specified employee” of Company
or any successor entity thereto, as such term is defined in Section 409A(a)(2)(B)(i) of the Code, then, solely, to the extent necessary
to avoid the incurrence of the adverse personal tax consequences under Section 409A, the timing of the severance benefit payments
shall be delayed until the earlier to occur of: (i) the date that is six months and one day after Executive’s Separation
From Service or (ii) the date of Executive’s death (such applicable date, the “Specified Employee Initial Payment
Date”), Company (or the successor entity thereto, as applicable) shall (A) pay Executive a lump sum amount equal
to the sum of the severance benefit payments that Executive would otherwise have received through the Specified Employee Initial
Payment Date if the commencement of the payment of the severance benefits had not been so delayed pursuant to this section and
(B) commence paying the balance of the severance benefits in accordance with the applicable payment schedules set forth in this
Agreement.

 

(c)Except
to the minimum extent that payments must be delayed because Executive is a “specified employee” (as described above)
or until the effectiveness of the Release, all amounts will be paid as soon as practicable in accordance with the Company’s
normal payroll practices.

 

9.Liquidation
Event. Notwithstanding Section 8.3, in the event Executive is terminated without Cause or resigns for Good Reason within eighteen
(18) months of a Liquidation Event, all of the following will apply: (a) immediately upon termination, Company will pay to Executive
the Severance Amount; (b) one hundred percent (100%) of the shares subject to the Option shall immediately vest and become exercisable;
and (c) any Base Salary as shall have accrued but remain unpaid and any un-reimbursed Business Expenses as of the date of Executive’s
termination shall immediately become due and payable by Company to Executive.

 

    	-6-

    	 

    

 

10.No Conflict
of Interest. During the term of Executive’s employment with Company, Executive must not engage in any work, paid or unpaid,
that creates a conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing
with Company in any way, or acting as an officer, director, Executive, consultant, stockholder, volunteer, lender, or agent of
any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged
or in which Company becomes engaged during the term of Executive’s employment with Company, as may be determined by the Board
in its sole discretion. If the Board believes such a conflict exists during the term of this Agreement, the Board may ask Executive
to choose to discontinue the other work or resign employment with Company. Executive hereby represents and warrants that acceptance
of employment with Company and execution and performance of this Agreement by Executive does not conflict with or violate any provision
of or constitute a default under any agreement, judgment, award or decree to which Executive is a party or by which Executive is
bound, including, but not limited to, any implied or express agreement with any of Executive’s prior employers.

 

11.Proprietary
Information and Inventions Assignment Agreement. Executive agrees to read, sign and abide by PIIA, which is incorporated herein
by reference.

 

12.Parachute Payments.

 

12.1If any payment
or benefit Executive would receive from the Company pursuant to this Agreement or otherwise (“Payment”)
would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986,
as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Payment will be equal to the Reduced Amount. The “Reduced
Amount” shall be either (x) the largest portion of the Payment that would result in no portion of the Payment being
subject to the Excise Tax, or (y) the largest portion, up to and including the total, of the Payment, whichever amount ((x) or
(y)), after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all
computed at the highest applicable marginal rate), results in Executive’s receipt of the greatest economic benefit notwithstanding
that all or some portion of the Payment may be subject to the Excise Tax. If a Reduced Amount will give rise to the greater after
tax benefit, the reduction in the Payments shall occur in the following order: (a) reduction of cash payments; (b) cancellation
of accelerated vesting of equity awards other than stock options; (c) cancellation of accelerated vesting of stock options; and
(d) reduction of other benefits paid to Executive. Within any such category of payments and benefits (that is, (a), (b), (c) or
(d)), a reduction shall occur first with respect to amounts that are not “deferred compensation” within the meaning
of Section 409A of the Code and then with respect to amounts that are. In the event that acceleration of compensation from Executive’s
equity awards is to be reduced, such acceleration of vesting shall be canceled, subject to the immediately preceding sentence,
in the reverse order of the date of grant.

 

    	-7-

    	 

    

 

12.2The independent
registered public accounting firm engaged by Company for general audit purposes as of the day prior to the effective date of the
event described in Section 280G(b)(2)(A)(i) of the Code shall perform the foregoing calculations. If the independent registered
public accounting firm so engaged by the Company is serving as accountant or auditor for the individual, entity or group effecting
such event, Company shall appoint a nationally recognized independent registered public accounting firm to make the determinations
required hereunder. Company shall bear all expenses with respect to the determinations by such independent registered public accounting
firm required to be made hereunder. The independent registered public accounting firm engaged to make the determinations hereunder
shall provide its calculations, together with detailed supporting documentation, to Company and Executive within thirty (30) calendar
days after the date on which Executive’s right to a Payment is triggered (if requested at that time by Company or Executive)
or such other time as reasonably requested by Company or Executive. Any good faith determinations of the independent registered
public accounting firm made hereunder shall be final, binding and conclusive upon the Company and Executive.

 

12.3Notwithstanding
the above, prior to any reduction in payments and benefits under this Section 6, at Executive’s request the Company agrees,
if permissible under Section 280G of the Code and applicable law (and subject to any applicable requirements including any requirements
that may be applicable to Executive), to solicit a vote of all eligible shareholders of the Company for approval of such amounts
such that the compensation will not be subject to the Excise Tax as provided in Q&As 6 and 7 of Section 1.280G-1 of the Treasury
Regulations or any superseding provision of such regulations. The Company agrees to take all reasonable steps, in good faith, to
solicit such vote if so request

 

13.General Provisions.

 

13.1Successors
and Assigns. The rights and obligations of Company under this Agreement shall inure to the benefit of and shall be binding
upon the successors and assigns of Company. Executive shall not be entitled to assign any of Executive’s rights or obligations
under this Agreement.

 

13.2Waiver.
Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such
provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

13.3Attorneys’
Fees. Each side will bear its own attorneys’ fees in any dispute unless a statutory section at issue, if any, authorizes
the award of attorneys’ fees to the prevailing party.

 

13.4Severability.
In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction,
such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification
is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity
and enforceability of the remaining provisions shall not be affected thereby.

 

    	-8-

    	 

    

 

13.5Interpretation;
Construction. The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this
Agreement. This Agreement has been drafted by legal counsel representing the Executive and Company and has participated in the
negotiation of its terms. Furthermore, Company acknowledges that Company has had an opportunity to review and revise the Agreement
and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities
are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.

 

13.6Governing
Law; Venue and Jurisdiction. This Agreement shall be governed by and construed under California law, without regard to conflict
of laws principles. Any dispute between the parties arising from this Agreement, including any disputes concerning the negotiation,
interpretation, validity, performance, breach or enforcement of this Agreement and the scope or applicability of this agreement
to arbitrate, shall be determined by arbitration in San Jose California before one arbitrator, who shall be a retired judge of
the San Jose Superior Court or a retired justice of the California Court of Appeal for the Second Appellate District. The arbitration
shall be administered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. Judgment on the arbitration award may
be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional remedies in aid of
arbitration from a court of appropriate jurisdiction. Any party who is deemed the prevailing party by the arbitrator shall be entitled
to his or its reasonable attorneys’ fees and costs. The Company shall bear the costs of the arbitrator, forum and filing
fees in connection with any such arbitration.

 

13.7Survival.
Sections 8, 9, 10, 11, 12 and 13 of this Agreement shall survive any termination of Executive’s employment by Company.

 

13.8Confidentiality
of Terms. Executive agrees to follow Company’s strict policy that Executives must not disclose, either directly or indirectly,
any information, including any of the terms of this Agreement, regarding salary, bonuses, or stock purchase or option allocations
to any person, including other Executives of Company; provided, that Executive may discuss such terms with members of his immediate
family and any legal, tax or accounting specialists who provide Executive with individual legal, tax or accounting advice provided,
further, that such family members or specialists are bound by similar obligations of confidentiality.

 

13.9Notice.
Any notices hereunder will be given to the appropriate party at the address, fax number or email address set forth on the signature
page hereto, or at such other address as the party will specify in writing. Notice will be deemed given: upon delivery, if sent
by email or personal delivery; if sent by fax, upon confirmation of receipt; or if sent by certified mail, postage prepaid, 3 days
after the date of mailing.

 

14.Entire Agreement;
Amendments. This Agreement, including the Indemnification Agreement, the PIIA and the Plan and related stock option
documents constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous
representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified
only with a signed writing by Company and Executive. No oral waiver, amendment or modification will be effective under any circumstances
whatsoever.

 

    	-9-

    	 

    

 

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT
AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. THE PARTIES HAVE EXECUTED THIS AGREEMENT AS OF THE EFFECTIVE DATE.

 

	 	EXECUTIVE:
	 	 	 
	 	 	 
	 	/s/ Michael Leabman
	 	Michael Leabman
	 	 	 
	 	Address:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	COMPANY:
	 	 	 
	 	DvineWave, INC.
	 	 	 
	 	 	 
	 	By: 	 /s/ Stephen Rizzone
	 	 	 
	 	Name:  	Stephen Rizzone
	 	 	 
	 	Title:  	President and CEO
	 	 	 
	 	Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]