Document:

Exhibit 10.2

 

TRANSITION AGREEMENT

 

THIS TRANSITION AGREEMENT
(this “Agreement”) is entered into as of May_____, 2017, between The KeyW Corporation, a Maryland corporation,
including all entities now or hereafter controlling, controlled by or under common control with The KEYW Corporation, including
but not limited to The KEYW Holding Corporation, The KEYW Corporation and all direct and indirect subsidiaries of each such entity
(the “Company”) and Mark A. Willard (“Executive”) (individually a “Party”
and together the “Parties”).

 

WHEREAS, as consideration
for Executive’s signing of this Agreement, the Company will provide Executive the Severance (as defined herein); and

 

WHEREAS, the Company
recognizes Executive’s value to the Company and acknowledges that Executive’s services will play an integral role
in the Company’s growth strategy, and therefore the Company shall retain the Executive to serve as a special advisor to
the Chief Executive Officer of the Company in a Part-Time-On-Call (“PTOC”) status, in accordance with the Company’s
standard policies, for three (3) years from the Effective Date of this Agreement; and

 

WHEREAS, Executive
and the Company intend that this Agreement shall be in full satisfaction of any obligations described in this Agreement owed to
the Executive by the Company.

 

NOW, THEREFORE, in
consideration of the promises and the mutual covenants and agreements herein contained, the Company and Executive agree as follows:

 

1.           Employment.

 

(a)          Executive’s
employment with the Company shall be terminated as of May 31, 2017 (the “Effective Date”).

 

(b)          Thereafter,
on June 1, 2017, Executive shall be hired by the Company as a Part-Time-On-Call (“PTOC”) employee (the “PTOC
Commencement Date”), in accordance with the Company’s standard policies, and shall remain on such PTOC status
for a period ending three (3) years from the PTOC Commencement Date.

 

2.           Severance.         In
consideration of Executive’s signing of this Agreement, the Company shall provide the below severance payments, equity,
and benefits (collectively referred to herein as the “Severance”). In exchange for Executive’s execution
of this Release, the Company shall:

 

(a)          pay
to Executive an amount equal to One Million Four Hundred Thirty Three Thousand Five Hundred Dollars ($1,433,500), such sum to
be paid fifty percent (50%) within fifteen (15) days after the Effective Date of this Agreement and fifty percent (50%) on the
first anniversary of the Effective Date; and

 

(b)          in
consideration for Executive accepting PTOC employment, pursuant to Section 1(b) of this Agreement, grant, the Executive, within
thirty (30) days after the PTOC Commencement Date, Thirty Five Thousand (35,000) shares of common stock in The KeyW Holding Corporation,
which such common stock shall be subject to the vesting requirements and schedule provided in Section 4(a) of this Agreement;
and

 

     

     

    

  

(c)          provided
the Executive remains on PTOC status, and subject to the terms and conditions contained in this Agreement, Executive shall be
eligible to participate in the Company’s then-current medical, dental and vision insurance plans for three (3) years from
the Effective Date; provided, however that, subject to any overriding laws, the Company shall not be required to reimburse Executive
for medical, dental or vision insurance premiums if Executive is actually covered or becomes covered by an equivalent benefit
(at the same or lesser cost to Executive, if any) from another source, and Executive shall be obligated to inform Company of any
such benefit made available to Executive.

 

3.           Options.

 

Notwithstanding anything
to the contrary herein or any non-qualified stock option agreements, all outstanding options granted to the Executive on October
16, 2009, February 8, 2012, and August 15, 2012 shall remain exercisable for a period of three (3) years from the Effective Date.

 

4.           Stock.

 

(a)          Provided
the Executive remains on PTOC status with the Company, the shares granted to Executive pursuant to Section 2(b) of this Agreement
shall vest as follows:

 

	Shares	 	Vesting Date
	 	 	 
	11,666	 	First anniversary of PTOC Commencement Date
	 	 	 
	11,667	 	Second anniversary of PTOC Commencement Date
	 	 	 
	11,667	 	Third anniversary of PTOC Commencement Date

 

(b)          Provided
the Executive remains on PTOC status with the Company, any restricted stock held by the Executive as of the Effective Date shall
vest in accordance with the terms of the applicable Restricted Stock Award Agreements.

 

     

     

    

  

(c)          Notwithstanding
anything to the contrary herein, in the event the Company terminates Executive from PTOC status without cause or in the event
of a Change of Control (as defined below), the shares granted to Executive pursuant to Section 2(b) shall immediately vest on
the termination date or closing date of the transaction. For the purpose of this Section 4, “Change of Control” shall
mean occurrence of any of (i) an acquisition after the Effective Date by an individual or legal entity or “group”
(as described in Rule 13d-5(b)(1) promulgated under the Securities Exchange Act of 1934, as amended) of in excess of 50% of the
voting securities of the Company, (ii) the dissolution or liquidation of the Company or a merger, consolidation, or reorganization
of the Company with one or more other entities in which the Company is not the surviving entity, unless the holders of the Company’s
voting securities immediately prior to such transaction continue to hold at least 51% of such securities following such transaction,
(iii) the sale of all or substantially all of the assets of the Company in one or a series of related transactions, or (iv) the
“completion” or closing by the Company of an agreement to which the Company is a party or by which it is bound, providing
for any of the events set forth above in clauses (i), (ii) or (iii).

 

5.           Death.
In the event Executive’s PTOC status is terminated as a result of Executive’s death, the Company shall have no further
obligations under this Agreement other than to:

 

(a)          pay
to the Executive’s estate any amounts unpaid under Section 2(a) of this Agreement in a lump sum; and

 

(b)          accelerate
the vesting of all outstanding restricted stock held by Executive as of the date of Executive’s death, including without
limitation the shares granted pursuant to Section 2(b) of this Agreement, and release all such shares from any applicable sale
restrictions and deposit same with Executive’s estate.

 

6.           Waiver
and Release. 

 

(a)          Executive,
for himself, Executive’s spouse, heirs, administrators, children, representatives, executors, successors, assigns, and all
other persons claiming through Executive, if any (collectively, “Releasers”), does hereby release, waive, and
forever discharge the Company and each of its respective agents, subsidiaries, parents, affiliates, related organizations, and
all of their employees, officers, directors, managers, attorneys, successors, and assigns (collectively, the “Releasees”) from,
and does fully waive any obligations of Releasees to Releasers for, any and all liability, actions, charges, causes of action,
demands, damages, or claims for relief, remuneration, sums of money, accounts or expenses (including attorneys’ fees and
costs) of any kind whatsoever, whether known or unknown, suspected or unsuspected, disclosed or undisclosed, or contingent
or absolute, which heretofore through the date of this Agreement has been or may be suffered or sustained, directly or indirectly,
by Releasers in consequence of, arising out of, or in any way relating to: (a) Executive’s employment with the Company or
any of its subsidiaries or affiliates; (b) the transition of Executive’s employment to PTOC status; (c) violation of any
law including but not limited to federal, state or local statutes, or the common law of any jurisdiction; or (d) any events occurring
on or prior to the date of this Agreement. Notwithstanding the above, this Agreement and waiver does not apply to: (i) any right
to indemnification now existing under the Company’s governing documents or applicable law; (ii) any rights to the receipt
of employee benefits which vested on or prior to the date of this Agreement; and (iii) the right to continuation coverage pursuant
to COBRA.

 

(b)          Executive
understands that by signing this Agreement, he is not waiving any claims or administrative charges which cannot be waived by law.
He is waiving, however, any right to monetary recovery or individual relief should any federal, state or local agency (including
the Equal Employment Opportunity Commission) pursue any claim on his behalf arising out of or related to his employment with and/or
transition to PTOC status with the Company (except as prohibited by 17 C.F.R. § 240.21F, et seq.).

 

     

     

    

  

(c)          Executive
shall have twenty-one (21) calendar days to consider this Agreement and seven (7) calendar days from the date the Executive
executes this Agreement to revoke the Executive’s waiver of any Age Discrimination in Employment Act (“ADEA”)
claims by providing written notice of the revocation to the Company. In the event of such revocation, the Executive acknowledges
that the Company will not provide any Severance, and Executive will be terminated from PTOC status. Once signed, in the absence
of revocation of this Agreement, the Agreement will become effective on the day following the seventh and final day of the revocation
period.         

 

7.          Non-Compete.         For
a period of two (2) years from the Effective Date or for such time that the Executive remains on PTOC status, whichever is longer,
Executive shall not, whether on Executive’s own account or for the account of another individual, partnership, firm, corporation
or other entity (each, a “Person”), directly or indirectly: (i) compete with or be engaged in the same business
as or (ii) be a consultant to, or a director, officer, employee, owner or partner of, any Person that is competitive with or engaged
in the same Business (as defined herein), in either case in any geographic area in which the Business was carried on (or actively
under consideration by the Company for entry into) during the twelve (12) months immediately prior to the termination of Executive’s
employment. For the purposes of this Section 7, “Business” shall mean any business actively engaged in by the
Company (or actively under consideration by the Company for entry into) during the twelve (12) months immediately prior to the
termination of Executive’s employment, if Executive directly or indirectly (x) was involved in, (y) supervised or (z) had
access to Confidential Information (as defined in Section 11 of this Agreement) relating to, such business. Executive’s
passive ownership of less than 1% of the outstanding class of any equity securities of any publicly traded entity will not violate
this Section 7.

 

8.          Non-Solicitation
of Employees.         For a period of two (2) years from the Effective Date
or for such time that Executive remains on PTOC status, whichever is longer, Executive shall not, for Executive’s own account
or for the account of any other person or entity, directly or indirectly: (i) recruit, solicit, offer to hire, induce or attempt
to induce, encourage to terminate or otherwise adversely affect or interfere with the relationship between the Company and any
person who was employed by, or otherwise engaged to perform services for, the Company or its affiliates within the twelve-month
period prior to the Effective Date (a “Covered Employee”) for employment or retention as a consultant or service
provider or (ii) hire a Covered Employee, participate in the process of hire of any Covered Employee, or permit the hire of any
Covered Employee where such Covered Employee would report directly or indirectly to Executive, or provide names or other information
about a Covered Employee to any Person under circumstances which could lead to the use of that information for the purposes of
recruiting or hiring.

 

9.          Non-Solicitation
of Customers or Suppliers.         For a period of two (2) years from
the Effective Date or for such time that period Executive remains on PTOC status, whichever is longer, Executive shall not, whether
for Executive’s own account or for the account of any other Person, directly or indirectly: (i) induce or attempt to induce,
solicit or encourage any person or entity who is, or was within the then-most recent 12-month period from the Effective Date,
a customer, supplier, licensor or other business relation of the Company to cease doing business, or to reduce its relationship,
with, the Company, or (ii) otherwise adversely affect or interfere with the relationship between the Company and any such person
or entity.

 

     

     

    

 

10.         Non-Disparagement.         
Each Party expressly agrees that, except to the extent required by law, neither Party will disclose or cause to be disclosed
any negative, adverse or derogatory comments or information about the other Party, and will not make any such comments or provide
such information to any customer of the Company, to any person associated with the media, to the general public, or to any other
person or entity. Nothing in this Agreement prohibits a Party from reporting possible violations of federal laws or regulations
to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission,
the Congress, any Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal
law or regulation.

 

11.         Company
Confidential Information.         Executive agrees that Executive
will keep entirely secret and confidential, and shall not use or disclose to any person or entity, in any manner or for any purpose
whatsoever, any information of the Company that is not available to the general public and/or not generally known outside the
Company and to which Executive has had access during the course of Executive’s employment by the Company, including, without
limitation, the Company's confidential, proprietary, and trade secret information and any information relating to: the Company's
business or operations; its plans, strategies, prospects or objectives; its products, technology, processes or specifications;
its research and development operations or plans; its customers and customer lists; its manufacturing, distribution, sales, service,
support and marketing practices and operations; its financial conditions and results of operations; its pricing, pricing strategies
and costs; its operational strengths and weaknesses; its personnel and compensation policies, procedures and transactions; its
plans for any strategic exit and all information of third parties for which the Company has an obligation to maintain as confidential
(collectively referred to herein as “Confidential Information”).

 

12.         Return
of Company Materials.         Within five (5) business days of the Effective
Date of this Agreement, Executive will return to the Company: (i) all documents, data, material, details and copies thereof in
any form (electronic or hard copy) and wherever located (including in personally owned computers, storage media or accounts) that
are the property of the Company or were created using the Company's resources or during any hours worked for the Company, including,
without limitation, any data referred to in Paragraphs 10 and 11 herein; and (ii) all other property belonging to the Company,
including, without limitation, all computer equipment and associated passwords, property passes, keys, credit cards, business
cards, and identification badges. Notwithstanding the foregoing, Executive shall be permitted to retain any such company material
required to perform Executive’s required duties while under PTOC status. Upon the expiration of Executive’s PTOC status,
Executive shall return all remaining company materials pursuant to this Section 12 of the Agreement.

 

13.         Acknowledgments.
Executive is signing this Agreement knowingly and voluntarily. Executive acknowledges that:

 

(a)          Executive
has executed this Agreement knowingly and voluntarily;

 

     

     

    

 

(b)          Executive
has read and understands this Agreement in its entirety;

 

(c)          Executive
has been advised and directed orally and in writing (and this subparagraph (c) constitutes such written direction) to
seek legal counsel and any other advice Executive wishes with respect to the terms of this Agreement before executing it; and

 

(d)          Executive’s
execution of this Agreement has not been forced by any employee, director, officer or agent of the Company.

 

14.         Injunctive
Relief; Remedies. A breach of this Agreement by Executive will result in irreparable injury to the Company for which there
is no adequate remedy at law, and it will not be possible to measure damages for such injuries precisely. Accordingly, in the
event of such breach or threat thereof of the foregoing provisions, without limiting the legal or equitable remedies available
to the Company, the Company shall be entitled to obtain from any court of competent jurisdiction a temporary restraining order
or a preliminary or permanent injunction restraining Executive from engaging in activities prohibited by this Agreement or such
other relief as may be required to specifically enforce this Agreement without the necessity of posting a bond or having to prove
special damages.

 

15.         No
Admission of Liability. Executive agrees that neither this Agreement, nor the furnishing of the consideration for this
Agreement, shall be deemed or construed at any time to be an admission by the Company, any Releasees, or Executive of any improper
or unlawful conduct.

 

16.         Entire
Agreement. There are no other agreements of any nature between the Employer and Executive with respect to the matters
discussed in this Agreement, except as expressly stated herein, and in signing this Agreement, Executive is not relying on any
agreements or representations, except those expressly contained in this Agreement.

 

17.         Modifications;
Waivers. This Agreement may be amended or modified only by a written instrument executed by both the Company and the Executive.
No delay or omission by the Company or Executive in exercising any right under this Agreement shall operate as a waiver of that
or any other right. A waiver or consent given by the Company or Executive on any one occasion shall be effective only in that
instance and shall not be construed as a bar or waiver of any right on any other occasion.

 

18.         Survival;
Severability. The Parties agree that the above restrictions on competition are completely severable and independent agreements
supported by good and valuable consideration and, as such, shall survive the termination of this Agreement for whatever reason.
The Parties further agree that any invalidity or unenforceability of any one or more of such restrictions on competition shall
not render invalid or unenforceable any remaining restrictions on competition. Additionally, should a court of competent jurisdiction
determine that the scope of any provision of Sections 7, 8 or 9 is too broad to be enforced as written, the Parties intend that
the court reform the provision to such narrower scope as it determines to be reasonable and enforceable. Executive acknowledges
and agrees that the non-competition and non-solicitation provisions herein are expressly assignable to any successor of the Company
or any other permitted assign of the Company.

 

     

     

    

 

19.         Governing
Law; Venue. This Agreement shall be governed by the laws of the State of Maryland, excluding the choice of law rules thereof.
The jurisdiction and venue for actions related to the subject matter hereof shall be the Maryland state and federal courts located
in Maryland, and both parties hereby submit to the personal jurisdiction of such courts.

 

20.         Headings.
Section and subsection headings contained in this Agreement are inserted for the convenience of reference only. Section and
subsection headings shall not be deemed to be a part of this Agreement for any purpose, and they shall not in any way define or
affect the meaning, construction or scope of any of the provisions hereof.

 

21.         Reasonableness.         Executive
understands that the nature of the Company’s business is highly competitive. Accordingly, the duration and scope applicable
to the restrictions set forth in this Agreement are fair, reasonable and necessary.

 

22.         Attorneys’
Fees.         The prevailing party in any action to enforce this Agreement
will be entitled to recover its attorneys’ fees and costs in connection with such action.         

 

23.         Counterparts.
This Agreement may be executed by facsimile transmission (including by exchange of copies in pdf) in counterparts, each and
all of which shall be deemed an original, and both of which together shall constitute but the same instrument.

 

24.         Withholding.
The Company shall be entitled to withhold from any amounts payable under this Agreement any federal, state, local or foreign
withholding or other taxes or charges that it from time to time is required to withhold. The Company shall be entitled to rely
on the opinion of counsel if any questions as to the amount or requirement of such withholding shall arise.

 

25.         EXECUTIVE
UNDERSTANDS THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKOWN CLAIMS.

 

[Signatures on the following page]

 

     

     

    

  

IN WITNESS WHEREOF, the Parties
hereto have executed this Agreement as of the Effective Date.

 

	 	The KeyW Corporation
	 	 
	 	By:	 
	 	Name:  William J. Weber
	 	Title: President & Chief Executive Officer
	 	 
	 	Executive:
	 	 
	 	By:	 
	 	Name:  Mark A. WillardExhibit 10.3

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (the “Agreement”), effective this 9th day of May, 2017 (the “Effective Date”), is entered
into by and between The KEYW Corporation, a Maryland corporation with its principal place of business at 7740 Milestone Parkway,
Suite 150, Hanover, Maryland 21076 (the “Company”), and John Sutton, residing
at 1576 Brass Lantern Way, Reston, Virginia 20194 (the “Employee”).

 

WHEREAS, the Company
desires to retain the Employee’s services as provided herein, and the Employee desires to be employed by the Company. As
used herein, the term “KEYW” shall include the Company and all entities now or hereafter controlling, controlled
by or under common control with the Company, such term to include The KEYW Holding Corporation, a Maryland corporation (“HoldCo”).

 

NOW THEREFORE,
in consideration of the mutual covenants and promises contained herein the receipt and sufficiency of which are hereby acknowledged
by the parties hereto, the parties agree as follows:

 

1.          Term
of Employment.The Company hereby agrees to employ the Employee, and the Employee hereby accepts employment with the Company,
upon the terms set forth in this Agreement, unless employment is terminated in accordance with the provisions of Section 3, commencing
on May 15, 2017 (the “Commencement Date”).

 

2.          Title;
Capacity; Compensation.

 

2.1           The
Employee will serve as Executive Vice President, Chief Operating Officer of the Company starting on the Commencement Date and continuing
until this Agreement is terminated in accordance with Section 3, with such customary duties and responsibilities associated with
such title, and such other duties commensurate with such title as may, from time to time, be designated by the Company.

 

(a)          Compensation.
In exchange for such performance, the Company agrees to pay the Employee a base salary of Three Hundred Seventy Thousand Dollars
($370,000.00) per year, which shall be paid in accordance with the customary payroll practices of the Company, which may be adjusted
by the Company from time to time. Payments of base salary will begin with the Company’s first payroll cycle following the
Commencement Date. The Employee shall be eligible to receive an annual bonus of up to seventy-five percent (75%) of the Employee’s
annual base salary if the Company determines that the Employee achieved the performance targets and other criteria set in the Annual
Incentive Plan (“AIP”). The target bonus pursuant to the AIP may be adjusted by the Company from time to time.
The Employee shall also be eligible for other benefits provided to employees of the Company, including but not limited to, personal
time off (accrued at the rate of twenty-five (25) days per year), health insurance and officers and directors liability insurance
pursuant to the terms of the applicable benefit plans or arrangements. In addition, the Company shall reimburse the Employee for
all reasonable, ordinary and necessary business, travel or other expenses incurred by Employee in the performance of Employee’s
services hereunder in accordance with the policies of the Company as they are from time to time in effect.

 

     

     

    

 

(b)          Long-Term
Incentive.          If at any time prior to the fifth (5th) anniversary of the
Commencement Date, the closing market price of HoldCo’s registered common stock as reported on the NASDAQ Global Market (or
any other market or exchange on which shares of HoldCo’s common stock are listed or registered, if not on the NASDAQ Global
Market) over any thirty (30) consecutive trading days is at or greater than the target price set forth in this Section 2.1(b) (the
“Target Price Per Share”) for each day in such thirty (30)-consecutive trading day period, the Company will
award the Employee shares of Stock (as defined in Exhibit A) in an amount equal to the sum of (A) the number of shares listed next
to the Target Price Per Share and (B) the number of shares listed next to any lower Target Price Per Share (“Long-Term
Incentive Shares”) that have not already been awarded. Once the Long-Term Incentive Shares applicable to
a Target Price Per Share have been awarded, the Company shall make no future awards of Long- Term Incentive Shares with respect
to the applicable Target Price(s) Per Share, but the Employee shall be eligible for one or more additional grants with respect
to the remaining Target Price Per Share that were not previously achieved or exceeded. In no event will the Employee receive more
than Two Hundred Thousand (200,000) Long-Term Incentive Shares.

 

	Target Price Per Share	 	 	Long-Term Incentive Shares	 
	 	 	 	 	 
	$	13.00	 	 	 	25,000	 
	$	16.00	`	 	 	25,000	 
	$	20.00	 	 	 	50,000	 
	$	25.00	 	 	 	50,000	 
	$	30.00	 	 	 	50,000	 

 

For purposes of clarity and by
way of example, if the closing market price of HoldCo’s registered common stock is reported at $20.00 for thirty (30) consecutive
trading days, the Company shall award the Employee 100,000 Long-Term Incentive Shares (50,000 next to the $20 Target Price Per
Share plus another 50,000 for the Target Price Per Share for $13 and $16). If prior to the fifth (5th) anniversary of the Commencement
Date, the closing market price of HoldCo’s registered common stock is reported at $30.00 for thirty (30) consecutive trading
days, the Company shall award the Employee an additional 100,000 shares (50,000 for $30 and 50,000 for $25). Because the Employee
previously received Long-Term Incentive Shares with respect to the $13, $16 and $20 Target Price Per Share, Employee is not entitled
to a second award with respect to such amounts.

 

(d)          The
Long-Term Incentive Shares shall vest immediately upon the Award (as such term is defined in Exhibit A) of such shares, subject
to Section 2.1(f) of the Agreement.

 

     

     

    

 

(e)          In
all events, the holding and disposition of any shares of Stock acquired hereunder shall be subject to the provisions in Exhibit
A hereof, any applicable policies of the Company, and the terms of applicable law.

 

(f)          Employee
shall forfeit Employee’s right to any Long-Term Incentive Shares if Employee terminates this Agreement with or without Good
Reason at any time prior to the second anniversary of the Commencement Date.

 

(g)          Upon
the occurrence of a Change of Control, to the extent that provision is made in writing in connection with such Change of Control
for the assumption or continuation of the Long-Term Incentive Shares theretofore not granted, or for the substitution for such
Long-Term Incentive Shares for the stock of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments
as to the number of shares (disregarding any consideration that is not common stock), in which event the Long-Term Incentive Shares
theretofore not granted shall automatically convert on the date of Change of Control to Restricted Stock, and such shares shall
fully vest upon the earlier of (i) the first anniversary of the date of Change of Control or (ii) the termination by Company of
Employee’s employment without Cause within one (1) year following the date of Change of Control.

 

(h)          If
the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other
entities and in which no Change of Control occurs, Long- Term Shares shall be adjusted so as to apply to the securities that a
holder of the number of shares of Stock (as defined in Exhibit A) subject to the Long- Term Shares would have been entitled to
receive immediately following such transaction.

 

(i)          Except
as otherwise provided in this Agreement, upon the termination of Employee’s Service (as defined in Exhibit A) with the Company
or an Affiliate (as defined in Exhibit A) thereof, any Long-Term Incentive Shares that have not been awarded, or with respect to
which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited.

 

2.2           Clawback.
Notwithstanding any other provisions in this Agreement, any performance-based compensation paid or payable to the Employee pursuant
to this Agreement or any other agreement or arrangement with the Company that is subject to recovery under any law, government
regulation, order, or stock exchange listing requirement, will be subject to adjustment and recovery by the Company.

 

(a)          If
the financial statements of KEYW are restated for any reason other than for accounting changes that require retrospective treatment
or other external reasons not attributable to KEYW and its compilation of the financial statements, any performance-based compensation
paid to the Employee that was calculated based on the financial statements will be recalculated based on the restated financial
statements (“Restatement”). If the performance-based compensation is reduced as a result of the Restatement,
Employee shall repay the Company the difference between the amount of performance-based compensation actually paid and the recalculated
performance-based compensation that the Employee should have been paid. If the performance-based compensation is increased as a
result of Restatement, the Company will pay the Employee the difference between the amount of performance-based compensation actually
paid and the recalculated performance-based compensation that the Employee should have been paid.

 

     

     

    

 

(b)          If
the Employee received equity awards (excluding Long-Term Incentive Shares) as performance-based compensation and the Employee continues
to own the shares on the date of Restatement, Employee shall return to the Company any shares issued in excess of the amount that
the Employee should have received, as recalculated in the Restatement. If the excess shares have already been disposed of at the
time of the Restatement, Employee shall return the proceeds from the sale of the excess shares to the Company. If the excess shares
have been gifted or otherwise transferred, Employee shall return to the Company a number of shares equal to the excess shares or
the equivalent fair market value of the excess shares at the time of gifting or transfer. If a Restatement reveals that an Employee
should have received an equity award (excluding Long-Term Incentive Shares) as performance-based compensation, the Company shall
issue the number of shares that the Employee should have received based on the Restatement.

 

(c)          Except
as otherwise required under any law, government regulation, order, or stock exchange listing requirement, the adjustment period
under this Section 2.2 shall extend for three (3) years from the date of receipt of any performance-based compensation. This Section
2.2 shall survive termination of this Agreement for a period of two (2) years, except that this Section 2.2 shall terminate immediately
upon a Change of Control, as defined by Section 4.3(b) of this Agreement or the cessation of the KEYW as a publicly-traded corporation.

 

(d)          Employee
authorizes the Company to withhold from Employee’s future wages any amounts that may become due under this Section 2.2.

 

3.          Termination
of Employment. The employment of the Employee by the Company shall terminate upon the occurrence of any of the following:

 

3.1          By
the Company without Cause (as defined below), on sixty (60) days’ prior written notice to the Employee;

 

3.2          At
the election of the Company, for Cause (as defined below), immediately upon written notice by the Company to the Employee, which
notice shall identify the Cause upon which the termination is based. For the purposes of this Agreement, “Cause”
shall mean (a) a good faith finding by the Company, that (i) the Employee has failed to perform Employee’s reasonably assigned
duties in any material respect and has failed to remedy such failure within ten (10) days following written notice from the Company
to the Employee notifying Employee of such failure, or (ii) the Employee has engaged in dishonesty, gross negligence or misconduct;
(b) the conviction of the Employee of, or the entry of a pleading of guilty or nolo contendere by the Employee to any crime involving
any felony; (c) the Employee has breached fiduciary duties owed to KEYW or has materially breached the terms of this Agreement
or any other agreement between the Employee and KEYW; or (d) the failure of the Employee to maintain Employee’s security
clearance as a result, directly or indirectly, of any act or omission by Employee if such clearance is necessary to perform the
duties assigned hereunder;

 

     

     

    

 

3.3          At
the election of the Employee, on sixty (60) days’ prior written notice to the Company, or immediately upon written notice
to the Company in the event the Company fails to remedy any material breach of this Agreement within ten (10) days following written
notice from the Employee to the Company notifying it of such breach;

 

3.4          Upon
the death or disability of the Employee. As used in this Agreement, the term “disability” shall mean “disability”
as defined under the Company’s or HoldCo’s long- term disability plan for purposes of determining a participant’s
eligibility for benefits. The determination of whether the Employee has a disability shall be made by the person or persons required
to make a disability determination under the long-term disability plan. If at any time neither the Company nor HoldCo sponsor a
long-term disability plan, disability shall mean the inability of the Employee, due to a physical or mental disability, for a period
of ninety (90) days, whether or not consecutive, during any 360-day period to perform with or without reasonable accommodation
the essential functions of Employee’s position contemplated under this Agreement as determined by a physician satisfactory
to both the Employee (or Employee’s representative, guardian or conservator) and the Company, provided that if the Employee
(or Employee’s representative, guardian or conservator) and the Company do not agree on a physician, the Employee (or Employee’s
representative, guardian or conservator) and the Company shall each select a physician and these two together shall select a third
physician, whose determination as to disability shall be binding on all parties; or

 

3.5           Upon
the mutual written agreement of the Employee and the Company to terminate Employee’s employment.

 

4.          Effect
of Termination.

 

4.1           Termination
for Cause, Upon Mutual Election or at the Election of the Employee, or at Death. In the event that Employee’s
employment is terminated for Cause, upon Employee’s death, at the election of the Employee, or upon mutual election by Employee
and the Company, KEYW shall have no further obligations under this Agreement other than to pay to Employee (or Employee’s
estate) salary and accrued but unused paid time off through the last day of the Employee’s actual employment by the Company
(the “Termination Date”).

 

     

     

    

 

4.2           Termination
by the Company without Cause, or for Disability or by the Employee for Good Reason. In the event the Employee’s
employment is terminated solely by the Company without Cause, or due to the Employee’s disability, or by the Employee for
Good Reason (as defined below), the Company shall: (i) pay to the Employee on the first pay date following the Termination Date
any salary earned with respect to services performed prior to the Termination Date, any paid time off accrued, but unused, through
the Termination Date, and any bonus that the Employee earned under the terms of the AIP with respect to an annual period ending
prior to the Termination Date, and for which any performance targets or other criteria were achieved prior to the Termination Date
(notwithstanding any requirement of continuous service), but which have not been paid to the Employee; (ii) provided the Employee
(or Employee’s representative, guardian or conservator on behalf of Employee) executes and does not revoke a waiver and release
agreement substantially in the form attached hereto as Exhibit B (the “Release”), unless the payment is subject
to the Delay Period described in Section 8.3, pay to the Employee in equal installments over a period of one (1) year after the
Termination Date an aggregate amount equal to the sum of (A) and (B) where (A) equals the product of (x) Employee’s
then current base salary multiplied by (y) one, and (B) equals an amount equal to the product of (x) seventy-five
percent (75%) of Employee’s then current base salary multiplied by (y) a fraction, the numerator of which is the number
of days that have elapsed between the first day of the calendar year in which the Termination Date occurs and the Termination Date
and the denominator of which is 365, with the first payment, which will cover the first two (2) installments, to be paid on the
sixtieth (60th) day following the Termination Date and the remaining installments to be paid in accordance with the Company’s
normal payroll practices; and (iii) provided the Employee elects continued health coverage under section 4980B(f) of the Code (“COBRA”),
for each month that the Employee pays to the Company 100% of the applicable premium (as defined within section 4980B(f)(4) of the
Code) for such continued health and dental coverage, the Company shall reimburse the Employee, for a period equal to the lesser
of the maximum COBRA period or twelve (12) months, on the first pay date of each month the Employee portion of applicable premium;
and (iv) make such other payments as expressly provided herein or in any written policy of the Company. Notwithstanding the foregoing,
the Company shall not be required to make payments or reimbursements under this Section 4.2 if the Employee has breached any of
the provisions of Sections 5 or 6, inclusive of all subsections. Further, subject to any overriding laws, the Company shall not
be required to reimburse healthcare or dental insurance premiums if Employee is actually covered or becomes covered by an equivalent
benefit (at the same or lesser cost to Employee, if any) from another source, which must be reported to the Company within thirty
(30) days of first becoming eligible, or if such reimbursement arrangement causes the Company’s group health plan to fail
any non- discrimination testing or to be subjected to a fine or penalty under the Affordable Care Act. If Employee (or Employee’s
representative, guardian or conservator on behalf of Employee) fails to execute and deliver the Release within twenty-one (21)
days thereafter, or if Employee (or Employee’s representative, guardian or conservator on behalf of Employee) revokes such
Release as provided therein, the Company shall have no obligation to provide the severance payment described above. In any case
in which the Release (and the expiration of any revocation rights provided therein) could only become effective in a particular
tax year of Employee, any payment(s) conditioned on execution of the release shall be made within ten (10) days after the Release
becomes effective and such revocation rights have lapsed. In any case in which the Release (and the expiration of any revocation
rights provided therein) could become effective in one of two (2) of the Employee’s taxable years, depending on when the
Employee (or Employee’s representative, guardian or conservator on behalf of Employee) executes and delivers the Release,
any payment conditioned on execution of the Release shall be made in the later taxable year.

 

     

     

    

 

4.3           Termination
On or Following a Change of Control. If at any time prior to the one-year anniversary of the consummation of a Change of Control,
the Company terminates the Employee’s employment without Cause or the Employee terminates Employee’s employment with
the Company for Good Reason (as defined below), the Employee will be entitled to receive: (i) the Employee’s then current
base salary for a period of twelve (12) months payable in equal installments paid in accordance with the Company’s normal
payroll practices, with the first installment beginning on the first regular pay date following the Employee’s Termination
Date; (ii) compensation and benefits set forth in Sections 4.2(i) and 4.2(iv), and (iii) to the extent not included in the compensation
and severance benefits made under Section 4.2(i), an amount equal to the maximum AIP bonus available to Employee for the year in
which the termination occurs. In addition, provided the Employee elects continued health coverage under section 4980B(f) of the
Code, for each month that the Employee pays to the Company 100% of the applicable premium (as defined within section 4980B(f)(4)
of the Code) for such continued health and dental coverage, the Company shall reimburse the Employee, for a period equal to the
lesser of the maximum COBRA period or twelve (12) months, on the first pay date of each month the after-tax cost of the applicable
premium. Further, subject to any overriding laws, the Company shall not be required to reimburse healthcare and dental insurance
premiums if Employee is actually covered or becomes covered by an equivalent benefit (at the same or lesser cost to Employee, if
any) from another source, which must be reported to the Company within thirty (30) days of first becoming eligible, or if such
reimbursement arrangement causes the Company’s group health plan to fail any non-discrimination testing or to be subjected
to a fine or penalty under the Affordable Care Act. Stock options will remain exercisable for a period of one (1) year following
termination (unless such options have terminated or been cashed out in connection with the Change of Control).

 

(a)          In
the event that it is determined that any payment or distribution of any type to or for the benefit of the Employee made by the
Company, by any of its affiliates, by any person who acquires ownership or effective control or ownership of a substantial portion
of the Company’s assets (within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended, and the regulations
thereunder (the “Code”)) or by any affiliate of such person, whether paid or payable or distributed or distributable
pursuant to the terms of an employment agreement (and the attached Exhibit A) or otherwise (the “Total Payments”),
such that the Total Payments would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties
with respect to such excise tax (such excise tax, together with any such interest or penalties, are collectively referred to as
the “Excise Tax”) then (i) if the Total Payments exceed the safe harbor threshold by less than 10%, the payments
will be reduced to the safe harbor amount or (ii) if the Total Payments exceed the safe harbor threshold by more than 10%, then
Employee shall be entitled to receive the “Best Net” for the Employee’s aggregate severance payments and
benefits such that aggregate severance payments and benefits that Employee receives will be either (A) the full amount of severance
payments and benefits or (B) an amount of severance payments and benefits reduced to the extent necessary so that Employee incurs
no excise tax, whichever results in Employee receiving the greater amount, taking into account applicable federal, state, and local
income, employment, and other applicable taxes, as well as the excise tax.

 

(b)          For
the purposes of this Agreement, “Change of Control” means the occurrence of any of (i) an acquisition after
the Commencement Date by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under
the Securities Exchange Act of 1934, as amended) of in excess of 50% of the voting securities of the Company or HoldCo, (ii) the
dissolution or liquidation of the Company or HoldCo or a merger, consolidation, or reorganization of the Company or HoldCo with
one or more other entities in which neither the Company nor HoldCo is the surviving entity, unless the holders of the Company or
HoldCo’s voting securities immediately prior to such transaction continue to hold at least 51% of such securities following
such transaction, (iii) the sale of all or substantially all of the assets of the Company and/or HoldCo in one or a series of related
transactions, or (iv) the “completion” or closing by the Company or HoldCo of an agreement to which the Company or
HoldCo is a party or by which it is bound, providing for any of the events set forth above in clauses (i), (ii) or (iii). In the
event that any payment triggered upon a Change of Control is deferred compensation subject to section 409A of the Code, any Change
of Control must satisfy the requirements of Treasury regulation section 1.409A-3(i)(5).

 

     

     

    

 

(c)          For
purposes of this Agreement, “Good Reason” means, unless otherwise agreed to in writing by Employee, (i) a reduction
in Employee’s base salary; (ii) a material diminution in Employee’s authority, responsibilities or duties; (iii) a
relocation of Employee’s primary place of employment to a location more than twenty (20) miles farther from Employee’s
primary residence than the current location of the Company’s offices; or (iv) any other material breach by the Company of
the terms of this Agreement or any other agreement between the Employee and the Company. In order to invoke a termination for Good
Reason, Employee must deliver a written notice of such breach to the Company within sixty (60) days of the occurrence of the breach,
and the Company shall have thirty (30) days to cure the breach (unless such breach is not capable of being cured, in which case
this Agreement will terminate fifteen (15) days after notice thereof). In order to terminate Employee’s employment, if at
all, for Good Reason, Employee must terminate employment within thirty (30) days of the end of the cure period, if applicable,
if the breach has not been cured.

 

4.4           No
Mitigation. The Company agrees that, if the Employee’s employment is terminated, the Employee is not required to seek
other employment or to attempt in any way to reduce any amounts payable to the Employee by the Company. Further, the amount of
any payment provided hereunder shall not be reduced by any compensation earned by the Employee from any other sources.

 

4.5           Survival.
The provisions of Sections 2.2, 4, 5, 6, 8, and 9 shall survive the termination of this Agreement.

 

5.          Non-Competition
and Non-Solicitation.

 

5.1           Restricted
Activities. Beginning on the Commencement Date and continuing for one (1) year following termination of employment with KEYW,
Employee shall not, directly or indirectly, on Employee’s own behalf or as an individual proprietor, partner, stockholder,
owner, officer, employee, director, consultant, agent, joint venturer, investor, lender, or in any other capacity whatsoever (other
than through investments of Employee in the stock of a publicly-held company where such investment does not exceed three percent
(3%) of the total outstanding stock (“Permitted Investments”)) do any of the following:

 

(a)          In
any state, province or similar political subdivision, in which KEYW provides services or to which KEYW’s products are delivered
during the term of Employee’s employment with KEYW, offer to provide or provide to any Customer or Prospective Customer products
or services which compete with the products and services offered by KEYW;

 

     

     

    

 

(b)          Interfere
with or disrupt, or attempt to interfere with or disrupt, the relationship of KEYW with any Customer, vendor, supplier, prime contractor,
subcontractor or partner;

 

(c)          Solicit,
offer to hire or hire any current or former employee, consultant, contractor or agent of KEYW (each a “Restricted Person”),
or otherwise induce any Restricted Person to discontinue their employment or business relationship with KEYW; or

 

(d)          Solicit
or divert, or attempt to solicit or divert, the business or patronage (with respect to products or services of the kind or type
developed, produced, marketed, furnished, or sold by KEYW) of any Customer or Prospective Customer of KEYW.

 

The foregoing
restriction in Section 5.1(c) shall not apply to: (i) any Restricted Person whose employment or business relationship was terminated
without cause by KEYW, (ii) any Restricted Person whose employment or business relationship was terminated more than twelve (12)
months prior to the date of hire of such person by Employee, or (iii) any solicitation, offer to hire or hiring of a Restricted
Person pursuant to any general advertisement not specifically directed to such Restricted Person.

 

For purposes
of this Section 5.1, the term “Customer” shall mean any person, firm, organization, entity, state or local government
or governmental division, or department or agency of the United States Government to which KEYW provided products or services at
any time during the Employee’s employment with KEYW.

 

For purposes
of this Section 5.1, the term “Prospective Customer” shall mean any person, firm, organization, entity, government
or governmental division, department or agency which has an outstanding bid or proposal from KEYW, or which was contacted by an
employee of KEYW for purposes of soliciting business concerning products or services offered by KEYW, during the six (6) months
preceding termination of the Employee’s employment with KEYW.

 

For purposes
of this Section 5.1, the term “KEYW” shall mean (i) during the Employee’s employment, those affiliated
entities as described in the recitals to this Agreement that comprise KEYW at any time during the Employee’s employment,
and (ii) upon any termination of employment, those affiliated entities as described in the recitals to this Agreement that comprise
KEYW as of the Employee’s Termination Date.

 

5.2           External
Employment. During the period of Employee’s employment with KEYW, Employee shall be prohibited from engaging in external
employment without express permission from KEYW. By way of example, and not limitation, such external employment shall include
self-employment, consulting, and engagement by firms conducting business unrelated to the business of KEYW.

 

5.3           Interpretation.
If any restriction set forth in this Section 5 is found by any court of competent jurisdiction to be unenforceable because it extends
for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted
to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

 

     

     

    

 

6.          Proprietary
Information and Developments.

 

6.1          Proprietary
Information.

 

(a)          The
Employee agrees that all information, whether or not in writing, of a private, secret or confidential nature concerning KEYW’s
business, business relationships or financial affairs (collectively, “Proprietary Information”) is and shall
be the exclusive property of KEYW. By way of illustration, but not limitation, Proprietary Information may include inventions,
products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, plans, research data, clinical
data, financial data, personnel data, hardware, software and related designs, product costs, specifications and pricing, bid practices
and procedures, contract costs and pricing, the terms and conditions of any joint venture, strategic partnership and other contractual
arrangements, customer and supplier lists, and contacts at or knowledge of customers or prospective customers of KEYW. The Employee
will not disclose any Proprietary Information to any person or entity other than employees of KEYW or use the same for any purposes
(other than in the performance of Employee’s duties as an employee of KEYW) without written approval by an officer of the
Company, either during or after Employee’s employment with the Company, unless and until such Proprietary Information has
become public knowledge without fault by the Employee.

 

(b)          The
Employee agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings,
or other written, photographic, or other tangible material containing Proprietary Information, whether created by the Employee
or others, which shall come into Employee’s custody or possession, shall be and are the exclusive property of KEYW to be
used by the Employee only in the performance of Employee’s duties for KEYW. All such materials or copies thereof and all
tangible property of KEYW in the custody or possession of the Employee shall be delivered to the Company, upon the earlier of (i)
a request by KEYW or (ii) termination of Employee’s employment. After such delivery, the Employee shall not retain any such
materials or copies thereof or any such tangible property.

 

(c)          The
Employee agrees that Employee’s obligation not to disclose or to use information and materials of the types set forth in
paragraphs (a) and (b) above, and Employee’s obligation to return materials and tangible property, set forth in paragraph
(b) above, also extends to such types of information, materials and tangible property of customers of KEYW or suppliers to KEYW
or other third parties who may have disclosed or entrusted the same to KEYW or to the Employee.

 

6.2          Developments.

 

(a)          The
Employee will make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods, processes,
developments, software, and works of authorship, whether copyrightable, patentable or not, which are or have been created, made,
conceived or reduced to practice by Employee or under Employee’s direction or jointly with others during Employee’s
employment by KEYW, whether or not during normal working hours or on the premises of KEYW (all of which are collectively referred
to in this Agreement as “Developments”).

 

     

     

    

 

(b)          To
the extent that any Developments do not qualify as works made for hire, the Employee hereby irrevocably assigns to the Company
(or any Affiliate, person or entity designated by the Company) all of Employee’s right, title and interest in and to all
Developments and all related patents, patent applications, copyrights and copyright applications, trade secrets, trademarks and
all other proprietary rights existing now, previously during Employee’s employment with the Company or hereafter. However,
this paragraph (b) shall not apply to Developments which do not relate to the present or planned business or research and development
of KEYW and which are made and conceived by the Employee outside the scope of Employee’s employment, not during normal working
hours, not on KEYW’s premises and not using KEYW’s tools, devices, equipment or Proprietary Information. The Employee
understands that, to the extent this Agreement shall be construed in accordance with the laws of any state which precludes a requirement
in an employee agreement to assign certain classes of inventions made by an employee, this paragraph (b) shall be interpreted not
to apply to any invention which a court rules and/or the Company agrees falls within such classes. The Employee also hereby waives
all claims to moral rights in any Developments.

 

(c)          The
Employee agrees to cooperate fully with KEYW, both during and after Employee’s employment, with respect to the procurement,
maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and foreign
countries) relating to Developments. The Employee shall sign all papers, including, without limitation, copyright applications,
patent applications, declarations, oaths, formal assignments, assignments of priority rights, and powers of attorney, which KEYW
may deem necessary or desirable in order to protect its rights and interests in any Development. The Employee further agrees that
if KEYW is unable, after reasonable effort, to secure the signature of the Employee on any such papers, any executive officer of
the Company shall be entitled to execute any such papers as the agent and the attorney-in-fact of the Employee, and the Employee
hereby irrevocably designates and appoints each executive officer of the Company as Employee’s agent and attorney- in-fact
to execute any such papers on Employee’s behalf, and to take any and all actions as KEYW may deem necessary or desirable
in order to protect its rights and interests in any Development, under the conditions described in this sentence.

 

6.3          United
States Government Obligations. The Employee acknowledges that KEYW from time to time may have agreements with other parties
or with the United States Government, or agencies thereof, which impose obligations or restrictions on KEYW regarding inventions
made during the course of work under such agreements or regarding the confidential nature of such work. The Employee agrees to
be bound by all such obligations and restrictions which are made known to the Employee and to take all appropriate action necessary
to discharge the obligations of KEYW under such agreements.

 

     

     

    

 

7.          Other
Agreements. The Employee represents that there are no contracts to assign inventions between any person or entity and the Employee.
The Employee further represents that (a) the Employee is not obligated under any consulting, employment or other agreement which
would affect KEYW’s rights under this Agreement, (b) there is no action, investigation or proceeding, pending or threatened,
or any basis therefore known to Employee involving the Employee’s prior employment or any consultancy or the use of any information
or techniques alleged to be proprietary to any former employer, and (c) the performance of the Employee’s duties as an employee
of the Company will not breach or constitute a default under any agreement to which the Employee is bound, including, without limitation,
any agreement limiting the use or disclosure of proprietary information during the Employee’s employment by the Company.
The Employee will not, in connection with the Employee’s employment by the Company, use or disclose to the Company any confidential,
trade secret or other proprietary information of any previous employer or other person to which the Employee is not lawfully entitled.
Any agreement to which the Employee is a party with any prior employer or relating to nondisclosure, non- competition or non-solicitation
of employees, customers, prospective customers, vendors or other parties is listed on Exhibit C attached hereto.

 

8.          Section
409A. This Agreement is intended to comply with section 409A of the Code and its corresponding regulations, or an exemption,
and payments may only be made under this Agreement upon an event or in a manner permitted by section 409A of the Code, to the extent
applicable. Any benefits that qualify for the “short-term deferral” exemption, separation pay exemption, or any other
exemption shall be paid under the applicable exemption. To the extent Employee would be subject to the additional twenty percent
(20%) tax imposed on certain deferred compensation arrangements pursuant to section 409A of the Code as a result of any provision
of this Agreement, such provision shall be deemed amended to the minimum extent necessary to avoid application of such tax and
preserve to the maximum extent possible the original intent and economic benefit to the Employee and the Company, and the parties
shall promptly execute any amendment reasonably necessary to implement this Section 8. In no event may the Employee directly or
indirectly designate a calendar year of payment.

 

8.1           For
purposes of section 409A of the Code, Employee’s right to receive installment payments pursuant to this Agreement including,
without limitation, each severance payment and COBRA continuation reimbursement shall be treated as a right to receive a series
of separate and distinct payments.

 

8.2           Employee
will be deemed to have a date of termination for purposes of determining the timing of any payments or benefits hereunder that
are classified as deferred compensation only upon a “separation from service” within the meaning of section 409A of
the Code.

 

     

     

    

 

8.3           Notwithstanding
any other provision of this Agreement to the contrary, if at the time of Employee’s separation from service, (i) Employee
is a specified employee (within the meaning of section 409A of the Code and using the identification methodology selected by the
Company from time to time), and (ii) the Company makes a good faith determination that an amount payable on account of such separation
from service to Employee constitutes deferred compensation (within the meaning of section 409A of the Code) the payment of which
is required to be delayed pursuant to the six-month delay rule set forth in section 409A of the Code in order to avoid taxes or
penalties under section 409A of the Code (the “Delay Period”), then the Company will not pay such amount on
the otherwise scheduled payment date but will instead pay it in a lump sum on the first business day after such six-month period
(or upon Employee’s death, if earlier), together with interest for the period of delay, compounded annually, equal to the
applicable Federal rate for short-term instruments) in effect as of the dates the payments should otherwise have been provided.
To the extent that any benefits to be provided during the Delay Period are considered deferred compensation under section 409A
of the Code provided on account of a “separation from service”, and such benefits are not otherwise exempt from Section
409A of the Code, Employee shall pay the cost of such benefit during the Delay Period, and the Company shall reimburse Employee,
to the extent that such costs would otherwise have been paid by the Company or to the extent that such benefits would otherwise
have been provided by the Company at no cost to Employee, the Company’s share of the cost of such benefits upon expiration
of the Delay Period, and any remaining benefits shall be reimbursed or provided by the Company in accordance with the procedures
specified herein.

 

8.4 (A) Any amount
that Employee is entitled to be reimbursed under this Agreement will be reimbursed to Employee as promptly as practical and in
any event not later than the last day of the calendar year after the calendar year in which expenses are incurred, (B) any right
to reimbursement or in kind benefits will not be subject to liquidation or exchange for another benefit, and (C) the amount of
the expenses eligible for reimbursement during any taxable year will not affect the amount of expenses eligible for reimbursements
in any other taxable year.

 

8.5           Whenever
a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made
within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall
be within the sole discretion of the Company.

 

9.          Miscellaneous.

 

9.1           Equitable
Remedies. The restrictions contained in Sections 5 and 6 are necessary for the protection of the business and goodwill of KEYW
and are considered by the Employee to be reasonable for such purpose. The Employee agrees that any breach of Sections 5 or 6 is
likely to cause KEYW substantial and irreparable harm for which there is no adequate remedy at law and therefore, in the event
of any such breach, the Employee agrees that KEYW, in addition to such other remedies which may be available, shall be entitled
to specific performance and other injunctive relief without the need to post a bond. The Company shall be entitled to recover its
reasonable attorney’s fees in the event that it prevails in such action.

 

9.2           Notices.
Any notices delivered under this Agreement shall be deemed duly delivered four business days after it is sent by registered or
certified mail, return receipt requested, postage prepaid, or one business day after it is sent for next-business day delivery
via a reputable nationwide overnight courier service, in each case to the address of the recipient set forth in the introductory
paragraph hereto (in the case of the Company, addressed c/o General Counsel). Either party may change the address to which notices
are to be delivered by giving notice of such change to the other party in the manner set forth in this Section 9.2.

 

     

     

    

 

9.3           Pronouns.
Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter
forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa.

 

9.4           Entire
Agreement. This Agreement (including the Exhibits hereto) constitutes the entire agreement between the parties and cancels
and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.

 

9.5           Amendment.
This Agreement may be amended or modified only by a written instrument executed by both KEYW and the Employee.

 

9.6           Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland. Any action, suit
or other legal matter arising under or relating to any provision of this Agreement shall be commenced only in a court of the State
of Maryland (or, if appropriate, a federal court located within Maryland), and the Company and the Employee each consents to the
jurisdiction of such a court. THE COMPANY AND THE EMPLOYEE EACH HEREBY IRREVOCABLY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION,
SUIT OR OTHER LEGAL PROCEEDING ARISING UNDER OR RELATING TO ANY PROVISION OF THIS AGREEMENT.

 

9.7           Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective heirs, legal
representatives, successors and permitted assigns. The Company may assign this Agreement to any Affiliate or to any business or
entity with which or into which the Company may be merged or which may succeed to its assets or business. The obligations of the
Employee are personal and may not be assigned by Employee.

 

9.8           Waivers.
No delay or omission by KEYW or Employee in exercising any right under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by KEYW or Employee on any one occasion shall be effective only in that instance and shall
not be construed as a bar or waiver of any right on any other occasion.

 

9.9           Captions.
The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the
scope or substance of any section of this Agreement.

 

9.10         Severability.
In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability
of the remaining provisions shall in no way be affected or impaired thereby.

 

9.11         Counterparts.
This Agreement may be executed by facsimile transmission (including by exchange of copies in pdf) in counterparts, each and all
of which shall be deemed an original, and both of which together shall constitute but the same instrument.

 

     

     

    

 

9.12         Withholding.
The Company shall be entitled to withhold from any amounts payable under this Agreement any federal, state, local or foreign withholding
or other taxes or charges that it from time to time is required to withhold. The Company shall be entitled to rely on the opinion
of counsel if any questions as to the amount or requirement of such withholding shall arise.

 

THE EMPLOYEE
ACKNOWLEDGES THAT EMPLOYEE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT.

 

[signatures on next page]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the Effective Date.

 

	 	The KeyW Corporation
	 	 
	 	By:	 
	 	Name:  William J. Weber
	 	Title: President & Chief Executive Officer
	 	 
	 	EMPLOYEE:
	 	 	 
	 	By:	 
	 	Name:  John Sutton
	 	Title: Chief Operating Officer

 

     

     

    

 

Exhibit A

 

STOCK INCENTIVE PLAN

 

1.            DEFINITIONS

 

Capitalized terms not
defined in this Exhibit A shall have the meaning set forth in the that certain employment agreement between the Company and John
Sutton, dated May 9, 2017 (the “Agreement”).

 

1.1           “Affiliate”
means, with respect to a Person, any company or other trade or business that controls, is controlled by or is under common control
with such Person within the meaning of Rule 405 of Regulation C under the Securities Act, including, without limitation, any Subsidiary,
provided that an entity may not be considered an Affiliate if it results in noncompliance with section 409A of the Code.

 

1.2           “Award”
means a grant of Stock or Restricted Stock under the Plan.

 

1.3           “Board”
means the Board of Directors of The KEYW Holding Corporation.

 

1.4           “Exchange
Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended.

 

1.5           “Fair
Market Value” means the value of a share of Stock, determined as follows: if on the Grant Date or other determination
date the Stock is listed on an established national or regional stock exchange, or is publicly traded on an established securities
market, the Fair Market Value of a share of Stock shall be the closing price of the Stock on such exchange or in such market (if
there is more than one such exchange or market the Board shall determine the appropriate exchange or market) on the Grant Date
or such other determination date (or if there is no such reported closing price, the Fair Market Value shall be the mean between
the highest bid and lowest asked prices or between the high and low sale prices on such trading day) or, if no sale of Stock is
reported for such trading day, on the next preceding day on which any sale shall have been reported. If the Stock is not listed
on such an exchange, quoted on such system or traded on such a market, Fair Market Value shall be the value of the Stock as determined
by the Board in good faith in a manner consistent with section 409A of the Code.

 

1.6           “Grantee”
means John Sutton.

 

1.7           “Grant
Date” means the date on which the Board of HoldCo adopts a resolution or takes other appropriate action expressly granting
an Award to the Grantee that specifies the key terms of the Award, or if a later date is set forth in such resolutions, then such
later date.

 

1.8           “Person”
means a natural person, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture or other entity or organization.

 

     

     

    

 

1.9           “Plan”
means this Stock Incentive Plan.

 

1.10         “Restricted
Stock” means shares of Stock, awarded to the Grantee pursuant to the Agreement, that are subject to restrictions and
to a risk of forfeiture.

 

1.11         “Securities
Act” means the Securities Act of 1933, as now in effect or as hereafter amended.

 

1.12         “Service”
means service as an employee, officer, director or other Service Provider of the Company or an Affiliate thereof. A Grantee’s
change in position or duties shall not result in interrupted or terminated Service, so long as such Grantee continues to be an
employee, officer, director or other Service Provider of the Company or an Affiliate thereof. Subject to the preceding sentence,
whether a termination of Service shall have occurred for purposes of the Plan shall be determined by the Board, which determination
shall be final, binding and conclusive.

 

1.13         “Service
Provider” means an employee, officer or director of the Company or an Affiliate thereof, or a consultant or adviser
currently providing services to the Company or an Affiliate thereof.

 

1.14         “Stock”
means unregistered common stock, $0.001 par value per share, of HoldCo.

 

1.15         “Subsidiary”
means any “subsidiary corporation” of the Company within the meaning of section 424(f) of the Code.

 

2.            ADMINISTRATION
OF THE PLAN

 

2.1           Terms
of Awards.

 

The Company retains
the right to cause a forfeiture of the gain realized by the Grantee on account of actions taken by the Grantee in violation or
breach of or in conflict with any employment agreement, non-competition agreement, any agreement prohibiting solicitation of employees
or clients of the Company or any Affiliate thereof or any confidentiality obligation with respect to the Company or any
Affiliate thereof or otherwise in competition with the Company or any Affiliate thereof. In addition, the Company may annul
an Award if the Grantee is terminated for Cause as defined in the Agreement or the Plan, as applicable.

 

2.2           Share
Issuance/Book Entry.

 

Notwithstanding any
provision of this Plan to the contrary, the issuance of the Stock under the Plan may be evidenced in such a manner as the Board,
in its discretion, deems appropriate, including, without limitation, book-entry registration or issuance of one or more Stock certificates.

 

     

     

    

 

3.            terms
and conditions of RESTRICTED STOCK 

 

3.1           Restricted
Stock Certificates.

 

The Company shall issue,
in the name of the Grantee, stock certificates representing the total number of shares of Stock or Restricted Stock granted to
the Grantee, as soon as reasonably practicable after the applicable Grant Date. The Board may provide that either (i) the Secretary
of the Company shall hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is forfeited
to the Company, or the restrictions lapse, or (ii) such certificates shall be delivered to the Grantee; provided, however,
that such certificates shall bear a legend or legends that complies with the applicable securities laws and regulations and makes
appropriate reference to the restrictions imposed under this Plan and the Agreement.

 

3.2           Rights
in Restricted Stock.

 

The Grantee shall have
the right to vote Restricted Stock and to receive any dividends declared or paid with respect to such Stock. The Board may provide
that any dividends paid on Restricted Stock must be reinvested in shares of Stock, which may or may not be subject to the same
or other vesting conditions and restrictions applicable to such Restricted Stock. All distributions, if any, received by a Grantee
with respect to Restricted Stock as a result of any stock split, stock dividend, combination of shares, or other similar transaction
shall be subject to the restrictions applicable to the original Award.

 

3.3           Termination
of Service.

 

Except as otherwise
provided in the Agreement, upon the termination of a Grantee’s Service with the Company or an Affiliate thereof, any shares
of Restricted Stock held by such Grantee that have not vested and any Long-Term Incentive Shares that have not been Awarded, or
with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture
of Restricted Stock, the Grantee shall have no further rights with respect to such Award, including, but not limited to, the right
to vote Restricted Stock and any right to receive dividends with respect to shares of Restricted Stock.

 

     

     

    

 

4.            WITHHOLDING
TAXES

 

The Company or an Affiliate
thereof, as the case may be, shall have the right to deduct from payments of any kind otherwise due to the Grantee any federal,
state, or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions
applicable to an Award or upon the issuance of any shares of Stock. At the time of such vesting or lapse, the Grantee shall pay
to the Company or the Affiliate thereof, as the case may be, any amount that the Company or the Affiliate thereof may reasonably
determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Affiliate
thereof, which may be withheld by the Company or the Affiliate thereof, as the case may be, in its sole discretion, the Grantee
may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or the Affiliate thereof to withhold
shares of Stock otherwise issuable to the Grantee or (ii) by delivering to the Company or the Affiliate shares of Stock already
owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market Value equal to such withholding
obligations. The Fair Market Value of the shares of Stock used to satisfy such withholding obligation shall be determined by the
Board as of the date that the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to
this Section 4 may satisfy his or her withholding obligation only with shares of Stock that are not subject to any
repurchase, forfeiture, unfulfilled vesting, or other similar requirements. The maximum number of shares of Stock that may be withheld
from any Award to satisfy any federal, state or local tax withholding requirements upon the exercise, vesting, lapse of restrictions
applicable to such Award or payment of shares pursuant to such Award, as applicable, cannot exceed such number of shares having
a Fair Market Value equal to the minimum statutory amount required by the Company to be withheld and paid to any such federal,
state or local taxing authority with respect to such exercise, vesting, lapse of restrictions or payment of shares.

 

5.            RESTRICTIONS
ON TRANSFER OF SHARES OF STOCK

 

5.1           Repurchase
and Other Rights.

 

Stock issued pursuant
to an Award of Restricted Stock may be subject to such right of repurchase upon termination of Service or other transfer restrictions
as the Board may determine, consistent with applicable law.

 

5.2           Installment
Payments.

 

In the case of any
repurchase of shares of Stock acquired by the Grantee under an Award of Restricted Stock subject to any Sale Restrictions, as defined
in Section 2.1(c) of the Agreement, the Company or its permitted assignee may pay the Grantee, transferee, or other registered
owner of the Stock the purchase price in three (3) or fewer annual installments. Interest shall be credited on the installments
at the applicable federal rate (as determined for purposes of the Code) in effect on the date on which the purchase is made. The
Company or its permitted assignee shall pay at least one-third of the total purchase price each year, plus interest on the unpaid
balance, with the first payment being made on or before the 60th day after the purchase.

 

5.3           Legend.

 

In order to enforce
the restrictions imposed upon shares of Stock under this Plan, the Board may cause a legend or legends to be placed on any certificate
representing shares issued pursuant to this Plan that complies with the applicable securities laws and regulations and makes appropriate
reference to the restrictions imposed under it.

 

     

     

    

 

6.            REQUIREMENTS
OF LAW

 

6.1           General.

 

The Company shall not
be required to issue any shares of Stock under any Award if the issuance of such shares would constitute a violation by the Grantee,
any other individual exercising a right emanating from such Award, or the Company of any provision of any law or regulation of
any governmental authority, including without limitation any federal or state securities laws or regulations. If at any time the
Company shall determine, in its discretion, that the listing, registration or qualification of any shares subject to an Award upon
any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection
with, the issuance or purchase of shares hereunder, no shares of Stock may be issued to the Grantee or any other individual unless
such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of the Award. Without limiting
the generality of the foregoing, in connection with the Securities Act, upon the exercise of any right emanating from such Award
or the delivery of any shares of Restricted Stock, unless a registration statement under the Securities Act is in effect with respect
to the shares of Stock covered by such Award, the Company shall not be required to issue such shares unless the Board has received
evidence satisfactory to it that the Grantee or any other individual may acquire such shares pursuant to an exemption from registration
under the Securities Act. Any determination in this connection by the Board shall be final, binding, and conclusive. The Company
may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Securities Act. The Company
shall not be obligated to take any affirmative action in order to cause the issuance of shares of Stock pursuant to the Plan to
comply with any law or regulation of any governmental authority.

 

6.2           Securities
Representations.

 

The shares of Stock being
issued to the Grantee are being made by the Company in reliance upon the following express representations and warranties of the
Grantee. The Grantee acknowledges, represents and warrants that:

 

(a) The Grantee has been
advised that he may be an “affiliate” within the meaning of Rule 144 under the Securities Act of 1933, as amended (the
“Act”) and in this connection the Company is relying in part on his or her representations set forth in this Section.

 

(b) If the Grantee is
deemed an affiliate within the meaning of Rule 144 of the Act, the Stock issued under this Plan must be held indefinitely unless
an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or
a “re-offer prospectus”) with regard to such shares of Stock and the Company is under no obligation to register the
shares (or to file a “re-offer prospectus”).

 

     

     

    

 

(c) If the Grantee is
deemed an affiliate within the meaning of Rule 144 of the Act, the Grantee understands that the exemption from registration under
Rule 144 will not be available unless (i) a public trading market then exists for the Stock of the Company, (ii) adequate information
concerning the Company is then available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom
are complied with; and that any sales of the shares of Stock may be made only in limited amounts in accordance with such terms
and conditions.

 

6.4           409A.

 

(a) The Plan shall
be unfunded. Neither the Company nor the Board shall be required to establish any special or separate fund or to segregate any
assets to assure the performance of its obligations under the Plan. The Plan is intended to comply with section 409A of the Code
to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and administered
to be in compliance therewith. Any payments described in the Plan that are due within the “short-term deferral period”
as defined in section 409A of the Code shall not be treated as deferred compensation unless applicable laws require otherwise.
Notwithstanding anything to the contrary in the Plan, to the extent required to avoid accelerated taxation and tax penalties under
section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the
Plan during the six (6) month period immediately following the Grantee’s termination of continuous service shall instead
be paid on the first payroll date after the six-month anniversary of the Grantee’s separation from service (or the Grantee’s
death, if earlier). In furtherance of this interest, to the extent that any Treasury Regulations or other guidance issued
under section 409A of the Code after the date of this Agreement would result in payment of interest or tax penalty under section
409A of the Code, the Company and the Grantee agree, to the extent permissible, to amend this Plan, in order to bring this Plan
into compliance with the provisions of section 409A of the Code. In no event shall the Company or any successor to the Company
or their respective affiliates, successors, shareholders, employees, officers or agents have any liability relating to the failure
or alleged failure of any payment or benefit under this Agreement to comply with, or be exempt from, the requirements of section
409A. If the Company, for any reason, does not timely withhold the full amount of payroll tax, withholding or other taxes necessary
to satisfy the Company’s withholding obligation to the U.S. Treasury or state taxing authority hereunder and the Recipient
receives amounts in excess of the amounts he would otherwise be entitled to under this Agreement after taking into account such
legal withholding obligations, Recipient agrees to return such excess amounts to the Company within thirty (30) days of the Company’s
request to do so. NOTWITHSTANDING ANY OTHER PROVISION OF THIS AGREEMENT, NONE OF THE COMPANY OR ANY SUCCESSOR TO THE COMPANY OR
THEIR RESPECTIVE AFFILIATES, SUCCESSORS, SHAREHOLDERS, EMPLOYEES, OFFICERS OR AGENTS MAKE ANY GUARANTEE OF TAX CONSEQUENCES WITH
RESPECT TO THIS AGREEMENT OR ANY BENEFITS OR PAYMENTS PROVIDED FOR HEREIN.

 

     

     

    

 

7.            EFFECT
OF CHANGES IN CAPITALIZATION

 

7.1           Changes
in Stock.

 

If the number of outstanding
shares of Stock is increased or decreased or the shares of Stock are changed into or exchanged for a different number or kind of
shares or other securities of the Company on account of any recapitalization, reclassification, stock split, reverse split, combination
of shares, exchange of shares, stock dividend or other distribution payable in capital stock, or other increase or decrease in
such shares effected without receipt of consideration by the Company occurring after the Commencement Date, the number and kinds
of shares for which Awards may be made under the Plan shall be adjusted proportionately and accordingly by the Board. In addition,
the number and kind of shares for which Awards are outstanding shall be adjusted proportionately and accordingly so that the proportionate
interest of the Grantee immediately following such event shall, to the extent practicable, be the same as immediately before such
event. The conversion of any convertible securities of the Company shall not be treated as an increase in shares effected without
receipt of consideration. Notwithstanding the foregoing, in the event of any distribution to the Company’s stockholders of
securities of any other entity or other assets (including an extraordinary dividend but excluding a non-extraordinary dividend
of the Company) without receipt of consideration by the Company, the Company shall, in such manner as the Company deems appropriate,
adjust the number and kind of shares subject to outstanding Awards to reflect such distribution.

 

7.2           Reorganization
in Which the Company Is the Surviving Entity and in Which No Change of Control Occurs.

 

If the Company shall
be the surviving entity in any reorganization, merger, or consolidation of the Company with one or more other entities and in which
no Change of Control occurs, any Award theretofore made pursuant to this Plan shall pertain to and apply to the securities to which
a holder of the number of shares of Stock subject to such Award would have been entitled immediately following such reorganization,
merger, or consolidation. In the event of a transaction described in this Section 7.2, Long-Term Incentive Shares shall
be adjusted so as to apply to the securities that a holder of the number of shares of Stock subject to the Long-Term Incentive
Shares would have been entitled to receive immediately following such transaction.

 

7.3           Change
of Control.

 

Upon the occurrence
of a Change of Control, to the extent that provision is made in writing in connection with such Change of Control for the assumption
or continuation of the Long-Term Shares theretofore not granted, or for the substitution for such Long-Term Shares for the stock
of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number of shares (disregarding
any consideration that is not common stock), in which event the Long-Term Shares theretofore not granted shall automatically convert
on the date of Change of Control to Restricted Stock, and such shares shall fully vest upon the earlier of (i) the first anniversary
of the date of Change of Control or (ii) the termination by Company of Employee’s employment without Cause within one (1)
year following the date of Change of Control.

 

     

     

    

 

7.4           No
Limitations on Company.

 

The making of Awards
pursuant to the Plan shall not affect or limit in any way the right or power of the Company to make adjustments, reclassifications,
reorganizations, or changes of its capital or business structure or to merge, consolidate, dissolve, or liquidate, or to sell or
transfer all or any part of its business or assets.

 

Exhibit B

 

FORM OF GENERAL RELEASE OF ALL CLAIMS

 

This General Release of All Claims
is made as of           (“General Release”), by and
between [] (“Employee”) and The KEYW Corporation (the “Company”).

 

WHEREAS, the Company
and Employee are parties to an Employment Agreement dated as of [   ] (the “Employment Agreement”);

 

WHEREAS, the execution of this General Release
is a condition precedent to theCompany’s obligation to pay the severance payments as set forth in the Employment Agreement;

 

WHEREAS, in consideration
for Employee’s signing of this General Release, the Company will pay Employee the severance payments pursuant the Employment
Agreement, as applicable; and

 

WHEREAS, Employee and
the Company intend that this General Release shall be in full satisfaction of the obligations described in this General Release
owed to the Employee by the Company, including those under the Employment Agreement.

 

NOW, THEREFORE, in consideration
of the promises and the mutual covenants and agreements herein contained, the Company and Employee agree as follows:

 

1.            Employee,
for himself, Employee’s spouse, heirs, administrators, children, representatives, executors, successors, assigns, and all
other persons claiming through Employee, if any (collectively, “Releasers”), does hereby release, waive, and
forever discharge the Company and each of its respective agents, subsidiaries, parents, Affiliates, related organizations, and
all of their employees, officers, directors, managers, attorneys, successors, and assigns (collectively, the “Releasees”)
from, and does fully waive any obligations of Releasees to Releasers for, any and all liability, actions, charges, causes of action,
demands, damages, or claims for relief, remuneration, sums of money, accounts or expenses (including attorneys’ fees and
costs) of any kind whatsoever, whether known or unknown, suspected or unsuspected, disclosed or undisclosed, or contingent or absolute,
which heretofore has been or which hereafter may be suffered or sustained, directly or indirectly, by Releasers in consequence
of, arising out of, or in any way relating to: (a) Employee’s employment with the Company or any of its subsidiaries or Affiliates;
(b) the termination of Employee’s employment with the Company and any of its subsidiaries or Affiliates; (c) the Employment
Agreement; (d) violation of any law including but not limited to federal, state or local statutes, or the common law of any jurisdiction;
or (e) any events occurring on or prior to the date of this General Release. Notwithstanding the above, this release and waiver
does not apply to: (i) any right to indemnification now existing under the Company’s governing documents or applicable law;
(ii) any rights to the receipt of employee benefits which vested on or prior to the date of this General Release; (iii) the right
to receive severance payments in accordance with Section 4.2 of the Employment Agreement; and (iv) right to continuation coverage
pursuant to the Consolidated Omnibus Budget Reconciliation Act.

 

     

     

    

 

2.           Excluded
from this General Release and waiver are any claims which cannot be waived by law, including but not limited to the right to participate
in an investigation conducted by certain government agencies. Employee does, however, waive Employee’s right to any monetary
recovery should any agency (such as the Equal Employment Opportunity Commission) pursue any claims on Employee’s behalf.
Employee represents and warrants that Employee has not filed any complaint, charge, or lawsuit against the Releasees with any government
agency or any court.

 

3.            Employee
agrees that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or
construed at any time to be an admission by the Company, any Releasees, or Employee of any improper or unlawful conduct.

 

4.           Employee
acknowledges and recites that:

 

(a)          Employee
has executed this General Release knowingly and voluntarily;

 

(b)          Employee
has read and understands this General Release in its entirety;

 

(c)          Employee
has been advised and directed orally and in writing (and this subparagraph (c) constitutes such written direction) to seek legal
counsel and any other advice Employee wishes with respect to the terms of this General Release before executing it; and

 

(d)          Employee’s
execution of this General Release has not been forced by any employee or agent of the Company.

 

5.           This
General Release shall be governed by the internal laws (and not the choice of laws) of the State of Maryland, except for the application
of preemptive Federal law.

 

6.            Employee
shall have 21 calendar days to consider this General Release and 7 calendar days from the date Employee executes this General Release
to revoke Employee’s waiver of any Age Discrimination in Employment Act claims by providing written notice of the revocation
to the Company, as provided in Section 4.2 of the Employment Agreement. In the event of such revocation, the terms of Section 4.2
of the Employment Agreement shall govern. Once signed, in the absence of your revocation of this General Release, the General Release
will become effective on the day following the seventh and final day of the revocation period.

 

7.            Employee
expressly agrees that, except to the extent required by law, Employee will not disclose or cause to be disclosed any negative,
adverse or derogatory comments or information about the Company, and will not make any such comments or provide such information
to any customer of the Company, to any person associated with any media, to the general public, or to any other person or entity.
Nothing in this General Release prohibits Employee from reporting possible violations of federal laws or regulations to any governmental
agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress,
and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal
law or regulation.8.

 

     

     

    

 

8.            Employee
agrees that Employee will keep entirely secret and confidential, and shall not use or disclose to any person or entity, in any
manner or for any purpose whatsoever, any information of the Company that is not available to the general public and/or not generally
known outside the Company and to which Employee has had access during the course of Employee’s employment by the Company,
including, without limitation, the Company's confidential, proprietary, and trade secret information and any information relating
to: the Company's business or operations; its plans, strategies, prospects or objectives; its products, technology, processes or
specifications; its research and development operations or plans; its customers and customer lists; its manufacturing, distribution,
sales, service, support and marketing practices and operations; its financial conditions and results of operations; its pricing,
pricing strategies and costs; its operational strengths and weaknesses; its personnel and compensation policies, procedures and
transactions; its plans for any strategic exit and all information of third parties for which the Company has an obligation to
maintain as confidential.

 

9.            Employee
further agrees that within five (5) business days after the Commencement Date of this Agreement, Employee will return to the Company:
(i) all documents, data, material, details and copies thereof in any form (electronic or hard copy) and wherever located (including
in personally owned computers, storage media or accounts) that are the property of the Company or were created using the Company's
resources or during any hours worked for the Company, including, without limitation, any data referred to in Paragraph 10 herein;
and (ii) all other property belonging to the Company, wherever located, including, without limitation, all computer equipment and
associated passwords, property passes, keys, credit cards, business cards, and identification badges.

 

10.          In
consideration for the Company's promises and undertakings set forth in this Agreement, Employee, on behalf of himself, and Employee’s
heirs, representatives, and assigns, hereby agrees and covenants, to the fullest extent permitted by applicable law, not to commence,
maintain, prosecute or participate in any action or proceeding of any kind against Releasees based on any of the claims waived
and released in Paragraph 1 of this General Release.

 

11.          Capitalized
terms not defined in this General Release have the meanings given in the Employment Agreement.

 

PLEASE READ THIS AGREEMENT
CAREFULLY. IT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

 

 

	Date:	 	 	 
	 	 	John Sutton

 

     

     

    

 

	Date: 	 	 	 
	 	 	 	By: 	 
	 	 	 	Title:	 

 

     

     

    

 

Exhibit C

Prior Agreements

 

Release of Claims between John Sutton and Vencore,
Inc, dated January 1, 2017

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