Document:

Exhibit 10.01

 

 

 

19 June 2020

 

Dear Natalie,

 

We are delighted to offer
you the position of Chief Financial Officer at NortonLifeLock Inc. (“NortonLifeLock” or “Company”), Mountain
View, CA, reporting to Vincent Pilette. You are joining the leader in consumer cyber safety and a talented and passionate team
dedicated to helping secure the devices, identities, online privacy, and home and family needs of our members, providing a trusted
ally in the digital world. We do work that matters and we are confident you will find rewarding opportunities with us.

 

Start Date

 

Your first day of employment
is anticipated to be July 8th, 2020, pending completion of your background verification and work authorizations. Any changes to
your first day of employment should be in writing and approved by your manager and your recruiter.

 

Salary

 

Your starting annual base salary will be $475,000.00
USD, less applicable deductions and withholdings.

 

Executive Annual Incentive
Plan

 

Based on your position, you
will participate in the Executive Annual Incentive Plan, an incentive program that rewards achievement of NortonLifeLock’s
financial objectives as well as your individual performance. At 100% of Company and individual performance, you will be eligible
to receive an additional 80% of your annual base salary. Even though your hire date will occur after the beginning of the FY21
EAIP performance period, your bonus will not be prorated and will accrue as if you were employed at the beginning of FY21, although
proration will occur upon a leave of absence. To receive the award, you must satisfy the requirement of the Executive Annual Incentive
Plan. Details of the Plan will be available to you once you begin your employment.

 

Stock

 

Pending approval by the Company’s
Board or Compensation Committee, you will be granted a one-time equity grant with a fair value of $4,250,000.00 USD. The grant
will be comprised of a mix of 50% Restricted Stock Units (RSUs) and 50% Performance Based Restricted Stock Units (PRUs), which
is pursuant to the terms and conditions to be approved for senior executives for fiscal 2021. We expect these awards will be made
to you in August 2020. The number of shares to be granted will be calculated based on the average daily closing price of the Company’s
common stock as reported on Nasdaq for the twenty (20) trading days ending on the last day of the month which precedes the month
in which the grant is made. The RSU portion of the award will have a 3-year vesting schedule, with 50% of the shares vesting approximately
1 year from the grant date on a designated vest date (the “First RSU Vest Date”), 25% vesting approximately 2 years
from grant date on a designated vest date and the remaining 25% vesting approximately 3 years from grant on a designated vest date.
The PRU portion of the award will vest in full upon completion of the three-year performance period on March 31, 2023. Details
regarding your RSU and PRU vesting schedules and other terms and conditions of the grants will be provided in the RSU and PRU Award
Agreements, which you will receive at the time of the grant.

 

	
        NortonLifeLock Inc. | 60
        E Rio Salado Pkwy STE 1000, Tempe, AZ 85281 | NortonLifeLock.com

 

	 

 

     

     

    

 

 

 

Benefits

 

You are eligible to participate in a wide
variety of generous employee benefit plans, including the Company’s Stock Purchase Plan, matching 401(k) savings and investment
plan, and health insurance, among many others. For information on your NortonLifeLock U.S. Benefits, please visit our www.nortonlifelock.com
website. Choosing the right combination of benefits is an important personal decision. Use this site to learn your options and
discuss your current and future needs with your family. After your start date, you can enroll in the benefits that best fit your
life.

 

Confidential and Proprietary
Information

 

Your offer of employment is
conditioned upon your fully and truthfully completing the enclosed NortonLifeLock Inc. Confidentiality and Intellectual Property
Agreement (CIPA). By signing the CIPA and accepting this offer, you represent and warrant to us that: 1) you are not subject
to any terms or conditions that restrict or may restrict your ability to carry out your duties for NortonLifeLock; 2) you will
not bring with you or use to perform your job any confidential or proprietary material of any former employer or any other party;
3) you will hold in confidence any confidential or proprietary information received as an employee of NortonLifeLock; (4) you will
assign to NortonLifeLock any inventions that you make while employed by NortonLifeLock in accordance with the terms of the CIPA;
and (5) you will abide by all terms of the CIPA.

 

Company Policies

 

As a NortonLifeLock employee,
you will be subject to and are expected to adhere to and comply with all applicable Company policies, including but not limited
to, our Code of Conduct. NortonLifeLock reserves the right to change these policies at any time in its sole discretion. If you
have questions or concerns about these policies, please contact your recruiter.

 

Mutual Arbitration Agreement

 

NortonLifeLock values each
of its employees and fosters good relations with, and among, all of its employees. It recognizes, however, that disagreements occasionally
occur. NortonLifeLock believes that the resolution of such disagreements is best accomplished by internal dispute resolution and,
where that fails, by external arbitration. For these reasons, NortonLifeLock has adopted a Mutual Arbitration Agreement, a copy
of which is enclosed. As a condition of employment, please sign and return the Mutual Arbitration Agreement along with your acceptance
of this employment offer.

 

Employment Status

 

This letter does not constitute
a contract of employment for any specific period of time but creates an “employment at will” relationship. This means
that you do not have a contract of employment for any particular duration. You are free to resign at any time for any reason. Similarly,
NortonLifeLock is free to terminate your employment at any time for any reason. Any statements or representation to the contrary,
or that contradict any provision of this letter, are superseded by this offer letter. Participation in any of the Company’s
stock or benefit programs is not assurance of continued employment for any particular period of time. Any modification of this
at-will provision must be in writing and signed by the Company CEO.

 

Work Authorization

 

Federal law requires that NortonLifeLock
document an employee’s authorization to work in the United States. To comply, NortonLifeLock must have a completed Form I-9
for you on your first working day. You agree to provide NortonLifeLock with documentation required by the Form I-9 to confirm you are
authorized to work in the United States. If you have any questions about this requirement, which applies to U.S. citizens and non-U.S.
citizens alike, contact your recruiter.

 

	
        NortonLifeLock Inc. | 60
        E Rio Salado Pkwy STE 1000, Tempe, AZ 85281 | NortonLifeLock.com

 

	 

 

     

     

    

 

 

 

Background Verification

 

This offer is subject to and
contingent upon successful completion of a background check, which may include a credit check. You may also be subject to additional
background verifications and re-checks during the course of your employment as determined by business needs and consistent with
Company policy and applicable law. Failure to successfully complete these additional verifications or re-checks may result in reassignment,
an opportunity to apply for alternative internal positions, or termination of your employment.

 

Please review this offer and confirm your
acceptance by the end of business on June 26th, 2020 by signing in the space indicated below and emailing (scanning) to               .
Please also sign and return any additional forms as described in this letter. Should you have any questions about this offer,
do not hesitate to call me or the HR helpdesk at 1 .

 

Natalie, we are very pleased
and excited to have you come and join the leadership team at NortonLifeLock, together we will achieve great things. We do important
work at NortonLifeLock (NLOK)-We are dedicated to helping secure the devices, identities, online privacy, and home and family needs
of nearly 50 million consumers, providing them with a trusted ally in a complex digital world. We look forward to you joining us
to make a difference in the world.

 

 

Sincerely,

/s/ Kara Jordan

Kara Jordan

Head of People & Culture

 

I hereby accept the terms and conditions of the offer
of employment stated in this letter.

 

	 	6/22/2020	 
	 	 	 
	/s/
Natalie Derse	 
	Natalie Derse	Date

 

	NortonLifeLock Inc. | 60
        E Rio Salado Pkwy STE 1000, Tempe, AZ 85281 | NortonLifeLock.comExhibit 10.1

 

optimumBank
Holdings, Inc.

 

PURCHASE
AGREEMENT

 

THIS
PURCHASE AGREEMENT (this “Agreement”) is entered into effective as of June 23, 2020 by and between OPTIMUMBANK
HOLDINGS, INC., a Florida corporation (the “Company”), and Michael Blisko (the “Investor”).

 

RECITALS

 

A.
The Company has agreed to sell to the Investor, and the Investor has agreed to purchase from the Company, 100 shares (the “Shares”)
of the Company’s Series B preferred stock, no par value (the “Series B Preferred Stock”), at a price
of $25,000.00 per Share (the “Per Share Price”), or a total of $2,500,000 (the “Purchase Price”).

 

B.
The parties have agreed to enter into this Agreement in order to set forth the terms and conditions under which the Company will
sell, and the Investor will purchase, the Shares.

 

NOW,
THEREFORE, the parties hereby agree as follows:

 

1.
Sale and Purchase of Shares.

 

(a)
Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the respective
parties contained herein, the Company agrees to sell to the Investor, and the Investor irrevocably agree to purchase from the
Company, 100 shares of the Series B Preferred of the Company (the “Shares”) at the Per Share Price of $25,000
(the “Transaction”).

 

2.
Closing.

 

(a)
Closing.

 

(i)
The closing of the sale to the Investor, and the purchase by the Investor, of the Shares (the “Closing”) shall
occur as soon as practical following the execution of this Agreement. The date of the Closing is referred to as the “Initial
Closing Date.”

 

(ii)
At the Closing,

 

(1)
the Company will deliver to the Investor a certificate representing the number of Shares to be issued; and

 

(2)
The Investor will pay the Purchase Price of $2,500,000 for the Shares to the Company. The Company acknowledges that it has received
the purchase price for the Shares.

 

    	 	Page 1 of 7	 

     

    

 

3.
Representations and Warranties of the Company.

 

(a)
Representations and Warranties. The Company represents and warrants that:

 

(i)
Formation and Good Standing. The Company is duly organized and validly existing as a corporation under the laws of the
State of Florida and, subject to applicable law, has all requisite power and authority to carry on its business as now conducted.

 

(ii)
Authorization of Agreement, etc. The execution and delivery of this Agreement has been authorized by all necessary action
on behalf of the Company and this Agreement is a legal, valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms.

 

(iii)
Compliance with Laws and Other Instruments. The execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby will not conflict with or result in any violation of or default under any material agreement or other instrument
to which the Company is a party or by which it or any of its properties is bound, or any permit, franchise, judgment, decree,
statute, order, rule or regulation applicable to the Company or its business or properties.

 

(iv)
Offer of Shares. Neither the Company nor anyone acting on its behalf has taken or will take any action that would subject
the issuance and sale of the Shares to the registration requirements of the Securities Act of 1933, as amended (the “Securities
Act”).

 

(b)
Survival of Representations and Warranties. All representations and warranties made by the Company in Section 3.1 shall
survive the execution and delivery of this Agreement, any investigation at any time made by the Investor or on the Investor’s
behalf and the issue and sale of Shares.

 

4.
Representations and Warranties of the Purchaser.

 

(a)
Representations and Warranties. The Investor represents and warrants to the Company that each of the following statements
is true and correct as of the Closing Date:

 

(i)
Accuracy of Information. All of the information provided by the Investor pursuant to this Agreement, including the information
set forth in Exhibit A to this Agreement, is true, correct and complete in all respects. Any other information the Investor has
provided to the Company is correct and complete as of the date of this Agreement.

 

(ii)
Access to Information. The Investor acknowledges that the has had the opportunity to receive and review the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the Company’s Quarterly Report on Form 10-Q
for the fiscal quarter ended March 31, 2020, and has had an opportunity to ask questions of, and receive answers from, the Company
or any of its management concerning the Company, and to obtain any other information which the Investor requested with respect
to the Company and the Investor’s investment in the Company.

 

(iii)
Investment Representation and Warranty. The Investor is acquiring the Shares for the Investor’s own account. The
Investor hereby agrees that the Investor will not, directly or indirectly, assign, transfer, offer, sell, pledge, hypothecate
or otherwise dispose of all or any part of such Shares (or solicit any offers to buy, purchase or otherwise acquire or take a
pledge of all or any part of the Shares) except in accordance with the registration provisions of the Securities Act or an exemption
from such registration provisions, and any applicable state or other securities laws.

 

    	 	Page 2 of 7	 

     

    

 

(iv)
Representation of Investment Experience and Ability to Bear Risk. The Investor (i) is knowledgeable and experienced with
respect to the financial, tax and business aspects of the ownership of the Shares and of the business contemplated by the Company
and is capable of evaluating the risks and merits of purchasing Shares and, in making a decision to proceed with this investment,
has not relied upon any representations, warranties or agreements, other than those set forth in this Agreement, and (ii) can
bear the economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete
loss thereof.

 

(v)
Accredited Investor. The Investor is an accredited investor within the meaning of Rule 501(a) of Regulation D promulgated
under the Securities Act by reason of the fact that the Investor has a net worth, together with his spouse, in excess of $1,000,000,
excluding the value of his primary residence.

 

(vi)
Suitability. The Investor has evaluated the risks involved in investing in the Shares and has determined that the Shares
are a suitable investment for the Investor. Specifically, the aggregate amount of the investments made by the Investor, and the
Investor’s commitments to invest, in all similar investments that are illiquid is reasonable in relation to the Investor’s
net worth, both before and after the purchase of the Shares pursuant to this Agreement.

 

(vii)
Transfers and Transferability.

 

(1)
The Investor understands and acknowledges that the Shares have not been registered under the Securities Act or any state securities
laws and are being offered and sold in reliance upon exemptions provided in the Securities Act and state securities laws for transactions
not involving any public offering and, therefore, cannot be resold or transferred unless they are subsequently registered under
the Securities Act and such applicable state securities laws or unless an exemption from such registration is available. The Investor
also understands that the Company does not have any obligation or intention to register the Shares for sale under the Securities
Act, any state securities laws or of supplying the information which may be necessary to enable the Investor to sell Shares; and
that the Investor has no right to require the registration of the Shares under the Securities Act, any state securities laws or
other applicable securities regulations.

 

(2)
The Investor has no contract, understanding, agreement or arrangement with any person to sell or transfer or pledge to such person
or anyone else any of the Shares for which the Investor hereby subscribes (in whole or in part); and the Investor have no present
plans to enter into any such contract, undertaking, agreement or arrangement.

 

(viii)
Residence. The Investor’s residence is the address shown in the signature page of this Agreement and the Investor
is not merely transient or temporarily resident there.

 

(ix)
Awareness of Risks. The Investor represents and warrants that the Investor is aware that an investment in the Shares involves
a substantial degree of risk of loss.

 

    	 	Page 3 of 7	 

     

    

 

(x)
Power, Authority; Valid Agreement. (i) The Investor has all requisite power and authority to execute, deliver and perform
the Investor’s obligations under this Agreement and to purchase the Investor’s Shares; (ii) the Investor’s execution
of this Agreement has been authorized by all necessary action on the Investor’s behalf; and (iii) this Agreement is valid,
binding and enforceable against the Investor in accordance with its terms.

 

(xi)
No Conflict; No Violation. The execution and delivery of this Agreement by the Investor and the performance of the Investor’s
duties and obligations hereunder and thereunder (i) do not and will not result in a breach of any of the terms, conditions or
provisions of, or constitute a default under (A) (1) any indenture, mortgage, deed of trust, credit agreement, note or other evidence
of indebtedness, or any lease or other agreement or understanding, or (2) any license, permit, franchise or certificate, in either
case to which the Investor or any of the Investor’s affiliates is a party or by which the Investor or any of them is bound
or to which the Investor’s or any of their properties are subject; (ii) do not require any authorization or approval under
or pursuant to any of the foregoing; or (iii) do not violate any statute, regulation, law, order, writ, injunction or decree to
which the Investor or any of the Investor’s affiliates is subject.

 

(xii)
No Default. The Investor is not (i) in default (nor has any event occurred which with notice, lapse of time, or both, would
constitute a default) in the performance of any obligation, agreement or condition contained in (A) this Agreement, (B) (1) any
indenture, mortgage, deed of trust, credit agreement, note or other evidence of indebtedness or any lease or other agreement or
understanding, or (2) any license, permit, franchise or certificate, in either case to which the Investor or any of the Investor’s
affiliates is a party or by which the Investor or any of them is bound or to which the Investor’s or any of their properties
are subject, or (ii) in violation of any statute, regulation, law, order, writ, injunction, judgment or decree applicable to the
Investor or any of the Investor’s affiliates.

 

(xiii)
No Litigation. There is no litigation, investigation or other proceeding pending or, to the Investor’s knowledge,
threatened against the Investor or any of the Investor’s affiliates which, if adversely determined, would adversely affect
the Investor’s business or financial condition or the Investor’s ability to perform the Investor’s obligations
under this Agreement.

 

(xiv)
Consents. No consent, approval or authorization of, or filing, registration or qualification with, any court or Governmental
Authority on the Investor’s part is required for the execution and delivery of this Agreement by the Investor or the performance
of the Investor’s obligations and duties hereunder or thereunder.

 

(b)
Survival of Representations and Warranties. All representations and warranties made by the Investor in Section 4.1 of this
Agreement shall survive the execution and delivery of this Agreement, as well as any investigation at any time made by or on behalf
of the Company and the issue and sale of Shares.

 

    	 	Page 4 of 7	 

     

    

 

5.
Certain Agreements and Acknowledgments of the Purchaser.

 

(a)
Agreements. The Investor understands, agrees and acknowledges that:

 

(i)
No foreign, federal, or state authority has made a finding or determination as to the fairness for investment of the Shares and
no foreign, federal or state authority has recommended or endorsed or will recommend or endorse the purchase of the Shares.

 

(ii)
The Investor will not, directly or indirectly, assign, transfer, offer, sell, pledge, hypothecate or otherwise dispose of all
or any part of the Shares (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of all or any part of
the Shares) except in accordance with the registration provisions of the Securities Act or an exemption from such registration
provisions and any applicable state or other securities laws.

 

(iii)
The Investor acknowledges that: (i) the Shares are not a savings or deposit account or an obligation of any of the subsidiaries
of the Company; and (ii) an investment in the Shares is not insured by the Federal Deposit Insurance Corporation or any other
government agency.

 

(iv)
The Investor acknowledges that, under Section 517.061(11) of the Florida Securities and Investor Protection Act, the Investor
has the right to void and rescind the Investor’s purchase of the Shares provided that the Investor must exercise this right,
if at all, within three days after the Investor first pays the purchase price of the Shares or within three days after the date
on which the Investor executes this Agreement, whichever is later.

 

(v)
If there should be any change in the information provided by the Investor to the Company (whether pursuant to this Agreement or
otherwise) prior to the Investor’s purchase of the Shares, the Investor will immediately furnish such revised or corrected
information to the Company.

 

6.
General Contractual Matters.

 

(a)
Amendments and Waivers. This Agreement may be amended and the observance of any provision hereof may be waived (either
generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Investor
and the Company.

 

(b)
Assignment. The Investor agrees that neither this Agreement nor any rights which may accrue to the Investor hereunder may
be transferred or assigned.

 

(c)
Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have
been duly given to any party when delivered by hand, when delivered by telecopier, or when mailed, first-class postage prepaid,
(a) if to the Investor, to the Investor at the address or telecopy number set forth on the signature page to this Agreement, or
to such other address or telecopy number as the Investor shall have furnished to the Company in writing, and (b) if to the Company,
to 2929 East Commercial Blvd., Suite 101, Fort Lauderdale, FL 33308, or to such other address or addresses, as the Company shall
have furnished to the Investor in writing, provided that any notice to the Company shall be effective only if and when
received by the Company.

 

(d)
GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF FLORIDA WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS (EXCEPT INSOFAR AS AFFECTED BY THE SECURITIES OR “BLUE SKY”
LAWS OF THE STATE OR SIMILAR JURISDICTION IN WHICH THE OFFERING DESCRIBED HEREIN HAS BEEN MADE TO YOU).

 

    	 	Page 5 of 7	 

     

    

 

(e)
Arbitration. Any dispute or controversy arising out of or in relation to this Stock Purchase Agreement shall be determined
by binding arbitration in Ft. Lauderdale, Florida, in accordance with the commercial rules of the American Arbitration Association
then in effect, and judgment upon the award rendered by the arbitrators may be entered in any court of competent jurisdiction.
The expenses of the arbitration shall be borne equally by the parties to the arbitration, provided that each party shall pay for
and bear the cost of its own experts, evidence, legal counsel and travel expense.

 

(f)
Waiver of Jury Trial. Each Party knowingly, voluntarily and intentionally waives its right to trial by jury in lawsuits
or any other actions, proceedings or counterclaims based in law or equity in connection with or arising out of this Agreement.

 

(g)
Descriptive Headings. The descriptive headings in this Agreement are for convenience of reference only and shall not be
deemed to alter or affect the meaning or interpretation of any provision of this Agreement.

 

(h)
Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the subject matter of this
Agreement, and there are no representations, covenants or other agreements except as stated or referred to herein.

 

(i)
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and
all of which taken together shall constitute one and the same instrument.

 

[Signature
Page Follows]

 

    	 	Page 6 of 7	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the parties hereto as
of the date first herein above written.

 

 

	 	COMPANY:
	 	OPTIMUMBANK
    HOLDINGS, INC.
	 	 	 
	 	By:	/s/
    Moishe Gubin
	 	Name:	Moishe
Gubin 
	 	Title:	Chairman
	 	 	 
	 	INVESTOR:
	 	 	 
	 	 	/s/
    Michael Blisko
	 	Name:	Michael
    Blisko                 

 

 

    	 	Page 7 of 7

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