Document:

Exhibit 10.36

 

SUNLIGHT FINANCIAL HOLDINGS INC.

INVENTIONS ASSIGNMENT, NON-COMPETITION, 

NON-SOLICITATION AND CONFIDENTIALITY AGREEMENT

 

This Inventions Assignment,
Non-Competition, Non-Solicitation and Confidentiality Agreement (this “Agreement”) is made and entered into
by and between Sunlight Financial Holdings Inc., a Delaware corporation (the “Parent”), and [EXECUTIVE] (the
“Executive”), and is effective as of [DATE] (the “Effective Date”). This Agreement is
Exhibit C to the Employment Agreement by and among the Executive, the Parent, and Sunlight Financial LLC (the “Employment
Agreement”), and is to be read in conjunction with the Employment Agreement.

 

As a condition of the Executive’s
continued employment, and for the good and valuable mutually-agreed consideration provided to the Executive, including but not limited
to the mutual promises herein, employment, the compensation and benefits to be paid and/or made available to the Executive, and the access
and provision of confidential, proprietary, trade secret, and/or other non-public information to the Executive, the receipt and sufficiency
of which are hereby acknowledged (“Consideration”), the Executive agrees to the terms and conditions set forth
below.

 

1. Definitions.
As used within this Agreement, the following definitions shall apply:

 

(a) “Business”
means the residential solar industry, home improvement industry, any business in which any member of the Company Group engages during
the employment of the Executive, and any business in which, as of the date of the Executive’s termination of employment, any member of
the Company Group has then-current plans to enter and has taken material steps towards entering.

 

(b) “Company
Group” means Parent and each of Parent’s present and future direct or indirect parents, subsidiaries, successors, and affiliated
companies.

 

(c) “Competitive
Business” means any Person (as defined below), and any parent, subsidiary, partner, agent, or affiliate of any such Person,
that engages in, or has then-current plans to become engaged in, the Business, provided that a Competitive Business does not include
a Person that has a line of business, division, subsidiary or other affiliate that is a Competitive Business, if the Executive is not
providing services directly or indirectly to such line of business, division, subsidiary or other affiliate that is a Competitive Business
and is not involved directly or indirectly in the management, supervision or operations of such line of business, division, subsidiary
or other affiliate that is a Competitive Business.

 

     

     

    

 

(d) “Confidential
Information” means information of any kind, nature, or description, that (i) relates to any member of the Company Group’s
business, (ii) provides any member of the Company Group economic value or any business advantage, (iii) is not generally known to the
public (other than as a result of a disclosure or wrongful act of the Executive or any of Employee’s agents), and (iv) is or has been
learned or developed by the Executive as a direct or indirect result of, or during the course of, the Executive’s employment with or
work relating to the Parent or any other member of the Company Group. Confidential Information includes, but is not limited to, the Inventions,
trade secrets, proprietary or business information of any member of the Company Group, including, but not limited to, information about
or relating in any way to: any customer; business, merchandise, or marketing procedures, processes, or services; hardware; software;
research; marketing; developments; products; product lines; design; purchasing; finances and financial affairs; accounting; merchandising;
selling or sales; engineering; employees, contractors, capital providers, business partners or business associates of any member of the
Company Group; training; business practices; past, present or future acquisitions; potential or target acquisitions; customer lists;
customer contact lists; vendor lists; supplier lists; pricing; pricing agreements; terms of agreements with capital providers or contractors;
referral companies; solar or home improvement company distributors or manufacturers; merchandise resources; supply resources; service
resources; system designs; procedures or manuals; policies; the prices that any member of the Company Group may obtain or have obtained
or at which they sell or have sold any services or products; or the name of personnel of any member of the Company Group and those to
whom such personnel reports.

 

(e) “Person”
or “Persons” means an individual, a corporation, a limited liability company, an association, a partnership,
an estate, a trust, or any other business or legal entity or organization.

 

(f) “Restricted
Customer” means any Person with which any member of the Company Group has contracted or to which any member of the Company
Group has sold, negotiated for sales, marketed, attempted to or actually promoted or provided products or services to at any time during
the twelve (12)-month period immediately prior to the Executive’s last day of employment.

 

2. Covenants
of the Parent and the Executive.

 

(a) Covenants
of the Parent. The Executive acknowledges that the Company Group is a service provider engaged in the Business and that, on an ongoing
basis, receives, creates, and maintains its own and third-party Confidential Information, including highly confidential, trade secret,
business and proprietary information and nonpublic personal information of individuals (all or which shall be included in the definition
of “Confidential Information” herein). As a result of the Consideration and mutual promises upon which this Agreement is based,
and as a condition of the Executive’s continued employment with the Parent or any other member of the Company Group, upon the full execution
hereof, the Parent will provide and continue to provide the Executive with access to ongoing and new (i) Confidential Information
and access to such information on a need to know basis in order for the Executive to perform the requirements of the Executive’s job,
(ii) specialized training, which may include self-study materials and/or course work, classroom training, on-line training, on-the-job
training, or instruction as to the Company Group’s products, services, operations, and methods of protecting Confidential Information,
and/or (iii) goodwill support such as expense reimbursements in accordance with the Company Group’s policies, Confidential Information
related to the Company Group’s current and prospective clients, customers, and business associates, or contact and relationships with
current and potential clients, customers, and business associates, to help the Executive develop goodwill for the Company Group. The
foregoing is not contingent upon continued employment of the Executive for any length of time, but is contingent upon the Executive not
working for or assisting a Competing Business in any way and is contingent upon the Executive’s full compliance with the restrictions
contained within Sections 2, 3 and 4 of this Agreement. The Executive specifically acknowledges that the items described in (i), (ii),
and (iii) above will be items that the Executive has not previously been provided or would not be provided but for the execution of,
and agreement to the terms within, this Agreement.

 

    -2-

     

    

 

(b) Covenants
of the Executive.

 

(i) The Executive
agrees not to, directly or indirectly, participate in the unauthorized use, disclosure, misappropriation, dissemination or conversion
of any Confidential Information. Specifically, but without limitation, the Executive agrees not to use Confidential Information for his
or her sole benefit, or for the benefit of any Person or entity or in any other way other than in connection with the performance of
the requirements of the Executive’s position or to build goodwill for the Company and in all such cases shall not use any such information
in any way that harms any member of the Company Group or diminishes the value of the Confidential Information to any member of the Company
Group. The Executive also agrees to use the specialized training, goodwill, and contacts developed with customers and contractors of
any member of the Company Group for the exclusive benefit of the Company Group, and agrees not to use these items or this information
at any time in a way that would harm the business interests of the Company Group.

 

(ii) Notwithstanding
the foregoing, nothing in this Agreement prohibits the Executive from making disclosure as required by law or legal process or communicating
with an appropriate governmental agency or entity regarding a possible violation of federal law or regulation or making disclosures that
are protected under any whistleblower provisions of law or regulation. Importantly, the Executive is encouraged to communicate any such
concerns directly with the Parent. Additionally, pursuant to the federal Defend Trade Secrets Act of 2016, the Executive shall not be
held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made
(1) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (2) solely for
the purpose of reporting or investigating a suspected violation of law; (B) is made to the Executive’s attorney in relation to a lawsuit
for retaliation against the Executive for reporting a suspected violation of law; or (C) is made in a complaint or other document filed
in a lawsuit or proceeding, if such filing is made under seal.

 

(c) Settlement
of Rights. By this Agreement, the Parent is providing the Executive with new rights that were not previously in existence. In exchange
for the foregoing and the additional terms agreed to in this Agreement, the Executive agrees that (i) he or she is being provided with
access to Confidential Information, specialized training, and the Company Group’s goodwill and access to customers and other persons,
to which he or she has not previously had access, (ii) all goodwill developed with the clients, customers, and other business contacts
of any member of the Company Group by the Executive during past employment with the Parent or any other member of the Company Group are
the exclusive property of the Company Group, and (iii) the Confidential Information and specialized training received by the Executive
during any past employment with the Parent or any other member of the Company Group will be used only for the benefit of the Company
Group. The Executive waives and releases any claim that he or she should be able to use, for himself or herself, or for the benefit of
any competing Person or entity, client or customer goodwill, specialized training, or Confidential Information that was previously received
or developed by the Executive while working for the Parent or any other member of the Company Group.

 

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(d) Goodwill
with Customers. The Executive acknowledges that the Company Group has lasting relationships with their customers, channel partners,
solar and home improvement manufacturing, distribution and referral companies and with its relationships with its capital providers and
own the goodwill in the Executive’s relationships with such parties and that the Executive will develop or has developed or maintained
in the course and scope of the Executive’s employment with the Parent. If the Executive owned goodwill in a relationship with any such
party when the Executive commenced employment with the Parent, then the Executive hereby assigns any and all such goodwill to the Parent,
and the Parent shall become the owner of such goodwill.

 

(e) The
Parent’s Property. All documents and things provided to the Executive by any member of the Company Group for use in connection with
the Executive’s employment, or created by the Executive in the course and scope of the Executive’s employment with the Parent, are the
property of the Company Group and shall be held by the Executive as a fiduciary on behalf of the Company Group. Immediately upon termination
of the Executive’s employment, and without the requirement of a prior demand by the Parent, the Executive shall surrender to the Parent
all such documents and things, including, but not limited to, all Confidential Information and all documents and things related to Restricted
Customers, together with all copies, recording abstracts, notes, reproductions or electronic versions of any kind made from or about
the documents and things and the information they contain.

 

(f) Duty
of Loyalty. The Executive understands that by virtue of employment with the Parent, being provided access to Confidential Information
and access to the Company Group’s goodwill, the Executive owes each member of the Company Group a duty of loyalty and agrees to treat
all Confidential Information, training, relationships with customers, solar or home improvement distributors, manufacturers and referral
companies, capital providers, goodwill, and property entrusted to the Executive as a fiduciary. The Executive agrees to use such training
and maintain and protect such Confidential Information, such relationships, goodwill, and property solely for the Company Group’s benefit.
The Executive further agrees that nothing in this Agreement shall limit, in any way, the fiduciary duties that the Executive owes to
the Parent or any other member of the Company Group under any other agreement between such Company Group member and the Executive or
under applicable law, apart from this Agreement.

 

3. Inventions,
Patents and Copyright Works. Subject to the carve-out set forth in Schedule 1 hereto (if any), the Executive recognizes,
acknowledges, and agrees that the Parent or other members of the Company Group own certain inventions (whether patentable or not), discoveries,
improvements, designs, ideas (whether or not shown or described in writing or reduced to practice) scientific and technical information,
data and know-how of any nature including, and in addition to, any Confidential Information and trade secrets, and certain trademarks,
tradenames, domain names, and copyrightable works including, but not limited to, literary works (including all written material), books,
brochures, catalogs, manuals, training materials, directories, compilations of information, compilations of inspection or testing procedures,
technical hardware, computer programs, software (object and source code), protocols, system architectures, advertisements, artistic and
graphic works (including designs, graphs, drawings, blueprints, and other works), recordings, models, photographs, slides, motion pictures,
audio-visual works, and the like, regardless of the form or manner in which documented or recorded (collectively, “Intellectual
Property”). Further, the Executive agrees as follows:

 

(a) Keep
Records. The Executive agrees to keep and maintain adequate and current written records of all Intellectual Property made by the
Executive (solely or jointly with others) during his or her term of employment with the Parent. The records will be in the form of notes,
sketches, drawings and any other format that may be specified by the Parent. The records will be available to and remain the sole property
of the Parent at all times.

 

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(b) Notification
of the Parent. The Executive agrees to promptly disclose to the Parent all Intellectual Property and other proprietary information
which the Executive may author, create, make, conceive, or develop, either solely or jointly with others, whether inside or outside normal
working hours or on or off the Parent’s or any Company Group member’s premises, during the term of employment with the Parent.

 

(c) Transfer
of Rights. The Executive agrees that all Intellectual Property that the Executive develops (in whole or in part, either alone or
jointly with others) shall be the sole property of the Parent and its assigns, and the Parent and its assigns shall be the sole owner
of all patents, copyrights, mask-work rights, and registrations and other rights in connection therewith. The Executive acknowledges
that all original works of authorship that are made by the Executive (solely or jointly with others) within the scope of and during the
period of employment with the Parent shall be considered “works made for hire” under applicable copyright law, to the extent
possible. The Executive agrees to and does hereby assign, grant, and convey to the Parent, its successors and assigns, the Executive’s
entire right, title, and interest in and to all Intellectual Property and other proprietary rights and information which the Executive
may author, create, make, receive, or develop, either solely or jointly with others, whether inside or outside normal working hours or
on or off the Parent’s premises, during the term of employment with the Parent. To perfect the Parent’s ownership of such Intellectual
Property, the Executive hereby assigns to the Parent any rights that the Executive may have or acquire in such Intellectual Property,
including the right to modify such Intellectual Property, and otherwise waives and/or releases all rights of restraint and moral rights
in the Intellectual Property.

 

(d) Assistance
in Preparation of Applications. As to all such Intellectual Property, the Executive further agrees to assist the Parent and any other
member of the Company Group in every way (but at the Parent’s expense) to obtain and from time to time enforce patents, copyrights, trade
secrets, or other intellectual property, property or propriety rights, mask-work rights or other rights in such Intellectual Property
in any and all countries, and the Executive will execute all documents for use in applying for and obtaining such rights and enforcing
them as the Parent may desire, together with any assignments of them to the Parent or persons designated by the Parent. If the Parent
is unable for any reason whatsoever to secure the Executive’s signature to any lawful and necessary document required to apply for or
execute any application with respect to such Intellectual Property (including renewals, extensions, continuations, divisions or continuations
in whole or in part thereof), the Executive hereby irrevocably designates and appoints the Parent and its duly authorized officers and
agents, as the Executive’s agents and attorneys-in-fact to act for and in the Executive’s behalf and to execute and file any such application
and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights, trade secrets or other intellectual
property or propriety rights, mask-work rights or other rights thereon, with the same legal force and effect as if executed by the Executive.

 

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4. Non-Competition
and Non-Solicitation. The Executive agrees that the following covenants are reasonable and necessary agreements for the protection
of the business interests covered in the fully enforceable, ancillary agreements set forth in this Agreement, including those contained
within Section 2.

 

(a) Non-Competition.
The Executive agrees that while employed by the Parent and for [eighteen (18)][twelve (12)]1
months after the last day of his or her employment, regardless of the reason for termination of such employment, the Executive
shall not, directly or indirectly, own, be employed by, supervise, assist, perform services for, work for, or otherwise engage in activities
for a Competitive Business in any capacity: (i) in the United States given the national scope of the Executive’s place of work and the
locations of the Restricted Customers, and (ii) within the Parishes of Louisiana that are set forth in Schedule 2. The
Executive hereby stipulates and confirms that the national geographic restriction, and the temporal restriction, are each and collectively
reasonable in geographic area because of the scope of the Company Group’s national operations and the nature of the Executive’s engagement
by the Parent and services to the Company Group. The Executive may not avoid the purpose and intent of this paragraph by engaging in
conduct within the geographically limited area from a remote location through means such as telecommunications, written correspondence,
computer generated or assisted communications, or other similar methods.

 

(b) Non-Solicitation
of Restricted Customers. The Executive agrees that while employed by the Parent and for [eighteen (18)][twelve (12)]2
months after the last day of employment, regardless of the reason for termination of employment, the Executive shall not,
on behalf of the Executive or a Competitive Business, directly or indirectly, solicit, cause to be solicited, sell to, contact, supervise,
assist, or otherwise be involved with the solicitation of, or do or otherwise attempt to do business with a Restricted Customer related
to a Competitive Business. The restrictions in this paragraph are geographically limited to wherever any Restricted Customer can be found
or is available for solicitation, which the parties stipulate is a reasonable geographic area because of the national scope of the Company
Group’s operations, the nature of the Executive’s engagement with the Parent and services to the Company Group, and the limited definition
of Restricted Customers set forth herein. The Executive may not avoid the purpose and intent of this paragraph by engaging in conduct
within the geographically limited area from a remote location through means such as telecommunications, written correspondence, computer
generated or assisted communications, or other similar methods. Notwithstanding the foregoing, it shall not be a violation of this Section
4(b) for the Executive to place a generalized advertisement whether in writing, electronic, or otherwise not targeted directly or indirectly
at Restricted Customers.

 

(c) Non-Solicitation
of Executives and Contractors. The Executive agrees that while employed by the Parent and for [eighteen (18)][twelve (12)]3
months after the last day of employment, regardless of the reason for termination of employment, the Executive shall not
directly or indirectly solicit, cause to be solicited, assist, or otherwise be involved with the solicitation of, any employee, contractor
or other person to terminate that person’s employment, contract or relationship with any member of the Company Group or to breach that
person’s employment agreement or contract with any member of the Company Group. Further, the Executive agrees that while employed by
the Parent and for [eighteen (18)][twelve (12)]4
months after the last day of employment, regardless of the reason for termination of employment, the Executive will not, directly or
indirectly, hire, recruit, solicit, or participate or assist any person or entity in hiring, recruiting or soliciting, any individual
who was an employee or contractor of any member of the Company Group at any time within the last six (6) months of the Executive’s employment
with the Parent. Notwithstanding the foregoing, it shall not be a violation of this Section 4(c) for the Executive to (i) place a generalized
advertisement whether in writing, electronic, or otherwise not targeted directly or indirectly at employees or contractors of any member
of the Company Group; or (ii) serve as a reference for any person.

 

 

		1	Note to Draft: To be 18 months for Matthew Potere
(“CEO”) and 12 months for Barry Edinburg and Timothy Parsons (collectively, the “Other Senior Executives”).

		2	Note to Draft: To be 18 months for CEO and 12 months
for the Other Senior Executives.

		3	Note to Draft: To be 18 months for CEO and 12 months
for the Other Senior Executives.

		4	Note to Draft: To be 18 months for CEO and 12 months
for the Other Senior Executives.

 

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(d) Early
Resolution Conference. This Agreement is understood to be clear and enforceable as written and is executed by both parties on that
basis. However, should the Executive later challenge any provision as unclear, unenforceable, or inapplicable to any competitive activity
in which the Executive intends to engage, the Executive hereby agrees to first notify the Parent in writing of such concern(s) and meet
with the Parent’s representative(s) and a neutral mediator (if the Parent elects to retain one at its expense) to discuss resolution
of any disputes between the parties. The Executive will provide this notification at least fourteen (14) days before the Executive engages
in any activity on behalf of a Competitive Business or engages in other activity that could foreseeably fall within a questioned restriction.
The Executive expressly states and affirms that the failure to comply with this requirement shall operate as a full and complete waiver
of the Executive’s right to challenge the reasonable scope, clarity, applicability, or enforceability of this Agreement and its restrictions
at a later time. All rights of both parties will be preserved if the Early Resolution Conference requirement is complied with even if
no agreement is reached in the conference. The Executive further agrees that during the term of the restrictions in Sections 4(a), 4(b)
and 4(c) of this Agreement, the Executive shall promptly inform the Parent in writing of the identity of any new employer, the job title
of the Executive’s new position, and a description of any services to be rendered to that new employer; and, if the new employer is a
Competitive Business, will communicate the Executive’s obligations under this Agreement to each new employer, which shall include providing
each new employer with a copy of this Agreement.

 

5. Survival/Enforcement
of Restrictive Covenants.

 

(a) Survival of
Covenants. Each restriction set forth in Sections 2, 3 and 4 of this Agreement shall survive the termination of the Executive’s employment
with the Parent. The existence of any claim or cause of action of the Executive against the Parent or any other member of the Company
Group, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Parent or any other
member of the Company Group of any covenant contained in this Agreement. In the event an enforcement remedy is sought under Sections
4(a), 4(b) or 4(c) of this Agreement, the periods of time provided in those Sections shall be tolled and extended by one day for each
day the Executive failed to comply with each restriction at issue.

 

(b) Remedies.
In the event of a breach or threatened breach by the Executive of any provision of Sections 2, 3 or 4 of this Agreement, the Parent or
any other member of the Company Group shall be entitled to (i) injunctive relief by temporary restraining order, temporary injunction,
preliminary injunction, or permanent injunction; (ii) recovery of all attorneys’ fees and costs incurred by such Company Group member
in obtaining such relief; (iii) any other legal and equitable relief to which such Company Group member may be entitled, including without
limitation any and all monetary costs and damages which such Company Group member may incur as a result of any such breach or threatened
breach; and (iv) applicable only to a breach by the Executive of Section 4(a), (b) or (c) (as determined by the Parent), a recoupment
of any and all severance monies previously paid by the Parent to the Executive pursuant to any agreement of employment or severance by
and between the Parent and the Executive, and a cessation of all unpaid and future payments regarding the same. An agreed amount for
the bond to be posted if an injunction is sought by the Parent is Five Hundred Dollars ($500), if any bond is required by a Court of
competent jurisdiction. The Parent may pursue any remedy available, without limitation, including declaratory relief, concurrently or
consecutively in any order as to any breach, violation, or threatened breach or violation, and the pursuit of one such remedy at any
time will not be deemed an election of remedies or waiver of the right to pursue any other remedy.

 

    -7-

     

    

 

6. Entire
Agreement/Amendment. This Agreement (including its Schedules 1 and 2) constitutes the entire agreement of the parties with respect
to the subject matter hereof and supersedes in its entirety all prior undertakings, representations and agreements between the Parent
and the Executive (whether oral or written, and whether express or implied) with respect to the subject matter hereof, including, without
limitation, as may have been included in any employment agreement or offer letter, restrictive covenants agreement or as may have been
included in any prior grant agreement for the award of equity, profit interests or pursuant to any long-term incentive plan of any Company
Group member. No supplement, modification, amendment, or waiver of any of the terms, conditions, or provisions in this Agreement can
be made unless they are in writing and signed by both the Parent and the Executive. The Executive further agrees that the terms, conditions
and restrictions of this Agreement and its enforceability shall continue to apply and be valid notwithstanding any change in the Executive’s
duties, responsibilities, compensation, reporting structure, employing entity, position, or job title, or any other significant or material
change in the Executive’s employment relationship with the Parent, including the Executive’s termination or separation from employment
for any reason.

 

7. Parties
Bound. This Agreement and the rights and obligations under it shall be binding upon and inure to the benefit of the Parent, the Executive,
and their respective heirs, personal representatives, successors and assigns; provided, however, that the Executive may not assign any
rights or obligations under this Agreement without the express written consent of the Parent. The Parent may assign its rights and obligations
under this Agreement in connection with a Change in Control (as defined in the Employment Agreement).

 

8. Third-Party
Beneficiaries. Each member of the Company Group that is not a signatory to this Agreement shall be a third-party beneficiary of the
Executive’s obligations hereunder and shall be entitled to enforce such obligations as if a party hereto.

 

9 Invalid
Provisions. If any provision of this Agreement is held to be illegal, invalid, or unenforceable, such provision shall be fully severable;
this Agreement shall be construed and enforced without such illegal, invalid, or unenforceable provision, and the remaining provisions
in this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision
or by its severance. Further, if any of the restrictions in Sections 2, 3 or 4 of this Agreement are deemed unenforceable as written
by a court of competent jurisdiction, the parties expressly authorize and request that the court reform such terms of this Agreement,
including by revising, deleting, or adding to those restrictions, to the extent necessary to enforce the intent of the parties to the
greatest legally permissible restriction and to provide effective protection for the Company Group’s goodwill, specialized training,
Confidential Information, Intellectual Property and any and all other business interests.

 

10. Miscellaneous
Provisions. The miscellaneous provisions contained in Sections 8(d), 8(f), 8(g), 8(j), 8(k), 8(m), 8(n), 8(o) and 8(p) of the Employment
Agreement are incorporated herein by reference and shall apply equally to this Agreement.

 

*     *     *     *     *

 

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

 

	SUNLIGHT FINANCIAL HOLDINGS INC.  	EXECUTIVE
	 	 	 	 
	By:	 	 	 
	 	 	 	[EXECUTIVE]
	Its:	 	 	 	 
	 	 	 	Dated:	 
	Dated:	 	 	 	 

  

    -9-

     

    

 

SCHEDULE 1

 

SUNLIGHT FINANCIAL HOLDINGS INC.

INVENTIONS ASSIGNMENT, NON-COMPETITION, 

NON-SOLICITATION AND CONFIDENTIALITY AGREEMENT

 

Notwithstanding anything
contained in Section 3 of the Sunlight Financial Holdings Inc. Inventions Assignment, Non-Competition, Non-Solicitation and Confidentiality
Agreement (the “Agreement”) entered into as of [DATE], by and between Sunlight Financial Holdings Inc. (the “Parent”)
and [EXECUTIVE] (the “Executive”) to the contrary, the Executive represents that the following was developed
by him or her prior to his or her becoming an employee of the Parent, and based on the accuracy of such representation, the Parent and
the Executive agree that the following shall not be deemed to be “Intellectual Property,” as such term is defined
in Section 3(a) of the Agreement:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

For purposes of clarity and avoidance of doubt,
the above (if any) is a carve-out only from the application of Section 3 of the Agreement and the defined term Intellectual Property.
This means that the above (if any) shall not act as a limitation on any other section of the Agreement or a limitation of any other defined
term contained therein (e.g., it shall not act as a limitation on the defined term Confidential Information).

 

*     *      *      *      *

 

     

     

    

 

SCHEDULE 2

 

SUNLIGHT FINANCIAL HOLDINGS INC.

INVENTIONS ASSIGNMENT, NON-COMPETITION, 

NON-SOLICITATION AND CONFIDENTIALITY AGREEMENT

 

Louisiana Parishes

 

Pursuant to Section 4(a)
of the Sunlight Financial Holdings Inc. Inventions Assignment, Non-Competition, Non-Solicitation and Confidentiality Agreement (the “Agreement”)
entered into as of [DATE], by and between Sunlight Financial Holdings Inc. (the “Parent”) and [EXECUTIVE] (the “Executive”),
the Parent and the Executive agree that the Parishes within Louisiana to which Section 4(a) of the Agreement shall apply are as follows:

 

	Acadia
Parish

Allen Parish 

Ascension Parish

Assumption Parish 

Avoyelles Parish 

Beauregard Parish 

Bienville Parish 

Bossier Parish 

Caddo Parish 

Calcasieu Parish 

Caldwell Parish 

Cameron Parish 

Catahoula Parish

Claiborne Parish 

Concordia Parish 

De Soto Parish 

East Baton Rouge Parish 

East Carroll Parish 

East Feliciana Parish 

Evangeline Parish 

Franklin Parish 

Grant Parish 

Iberia Parish 

Iberville Parish 

Jackson Parish 

Jefferson Davis Parish 

Jefferson Parish 

Lafayette Parish 

Lafourche Parish 

    La Salle Parish 

    Lincoln Parish 

    Livingston Parish
	Madison Parish 

    Morehouse Parish 

    Natchitoches Parish 

    Orleans Parish 

    Ouachita Parish 

    Plaquemines Parish 

    Pointe Coupee Parish 

    Rapides Parish 

    Red River Parish 

    Richland Parish

    Sabine Parish

    Saint Bernard Parish 

    Saint Charles Parish 

    Saint Helena Parish 

    Saint James Parish 

    Saint John The Baptist Parish 

    Saint Landry Parish 

    Saint Martin Parish 

    Saint Mary Parish 

    Saint Tammany Parish 

    Tangipahoa Parish 

    Tensas Parish 

    Terrebonne Parish 

    Union Parish 

    Vermilion Parish 

    Vernon Parish 

    Washington Parish 

    Webster Parish 

    West Baton Rouge Parish 

    West Carroll Parish 

    West Feliciana Parish

    Winn Parish 

 

*      *      *      *      *Exhibit 10.37

 

Initial Closing Grant Form for CEO and Other
Senior Executives

 

SUNLIGHT FINANCIAL HOLDINGS INC.

2021 EQUITY INCENTIVE PLAN

 

NOTICE OF RESTRICTED STOCK UNIT
AWARD 1

 

Subject
to the terms and conditions of this Notice of Restricted Stock Unit Award (this “Notice”),
the Restricted Stock Unit Award Agreement attached hereto (the “Award Agreement”),
and the Sunlight Financial Holdings Inc. 2021 Equity Incentive Plan (the “Plan”),
the below individual (the “Participant”) is hereby granted the below number
of Restricted Stock Units (the “RSUs”) by Sunlight Financial Holdings Inc.,
a Delaware corporation (the “Company”). Unless otherwise specifically indicated,
all terms used in this Notice have the meanings set forth in the Award Agreement or the Plan. 

 

Identifying Information:

 

	Participant Name	 	Date of Grant:	 
	and Address:	 	Vesting
    Commencement Date: 2	 
	 	 	 Number of RSUs:	 

 

Vesting Schedule:

Subject to the terms of the Plan, this
Notice and the Award Agreement, one-third of the RSUs will vest on the second anniversary of the Vesting Commencement Date and two-thirds
of the RSUs will vest on the third anniversary of the Vesting Commencement Date, in each case, subject to Participant’s Continuous Service
through each such vesting date (the “Vesting Schedule”).

 

[SIGNATURES ON NEXT PAGE]

 

 

1 Note
to Draft: For purposes herein, “CEO” shall mean Matthew Potere and “Other Senior Executives” shall mean
Barry Edinburg and Timothy Parsons.

2 Note to Draft: The Vesting
Commencement Date shall be the Closing Date.

 

    

     

    

 

Representations and Agreements of the Participant:

 

The Participant has reviewed this Notice, the
Award Agreement and the Plan in their entirety, has had an opportunity to have them reviewed by his or her legal and tax advisers, and
hereby represents that the Participant is relying solely on such advisors and not on any statements or representations of the Company
or any of its agents or affiliates. The Participant represents to the Company that he or she is familiar with the terms of this Notice,
the Award Agreement and the Plan, and hereby accepts the RSUs subject to all of their terms. The Participant hereby agrees that all questions
of interpretation and administration relating to this Notice, the Award Agreement and the Plan will be resolved solely by the Administrator.

 

Electronic Signature:

 

This Notice may be executed by the Participant
and the Company by means of electronic or digital signatures, which will have the same force and effect as manual signatures. The Participant
agrees that clicking “I Accept” (or a tab of similar intent) in connection with or response to any electronic communication
or other medium has the effect of affixing the Participant’s electronic signature to this Notice. If required to be executed by electronic
or digital signature, this Award of RSUs will be forfeited if the Participant does not so execute this Notice prior to the deadline set
forth in the electronic transmission of this Notice and the Award Agreement.

 

	SUNLIGHT FINANCIAL HOLDINGS INC.	 	PARTICIPANT
	 	 	 	 	 
	By:	          	 	Signature:	                    
	 	 	 	 	 
	Its:	 	 	Dated:	 
	 	 	 	 	 
	Dated:	 	 	 	 

  

* * * * *

 

    -2-

     

    

 

SUNLIGHT FINANCIAL HOLDINGS INC.

2021 EQUITY INCENTIVE PLAN

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Subject
to the terms and conditions of the Notice of Restricted Stock Unit Award (the “Notice”), this
Restricted Stock Unit Award Agreement (this “Award Agreement”), and the Sunlight
Financial Holdings Inc. 2021 Equity Incentive Plan (the “Plan”), Sunlight Financial
Holdings Inc., a Delaware corporation (the “Company”), hereby grants the individual
set forth in the Notice (the “Participant”) Restricted Stock Units (the
“RSUs”). Unless otherwise specifically indicated, all terms used in this Award
Agreement have the meanings set forth in the Notice or the Plan.

 

1. Grant
of an RSU. The principal features of the RSU, including the number of RSUs subject to the Award, are set forth in the Notice.

 

2. Vesting
Schedule and Risk of Forfeiture.

 

(a) Vesting
Schedule. Except as otherwise set forth in this Section 2 or the Plan, subject to the Participant’s Continuous Service and
any other limitations set forth in the Notice, the Plan and this Award Agreement, the RSUs will vest in accordance with the Vesting Schedule
provided in the Notice (the “Vesting Schedule”). Unless and until the RSUs have vested in accordance with the
Vesting Schedule, the Participant will have no right to receive any dividends or other distribution with respect to the RSUs. In the event
of the termination of the Participant’s Continuous Service prior to the vesting of all of the RSUs (but after giving effect to any accelerated
vesting pursuant to this Section 2 and the Plan), any unvested RSUs (and all rights arising from such RSUs and from being a holder
thereof) will terminate automatically without any further action by the Company and will be forfeited without further notice and at no
cost to the Company.

 

(b) Notwithstanding
anything in the Notice or this Award Agreement to the contrary, but subject to Section 8 herein, the RSUs shall immediately become
fully vested upon the termination of the Participant’s Continuous Service by the Company without Cause or by the Participant for Good
Reason, in each case, within twelve (12) months prior to or twenty-four (24) months following a Change in Control (the “Protection
Period”). “Good Reason” means, with respect to the termination of the Participant as a Service Provider
for “Good Reason,” as such term (or word of like import) is expressly defined in a then-effective written employment, consulting
or other similar agreement between the Participant and the Company. For the avoidance of doubt, in the event of a termination of the Participant’s
Continuous Service by the Company without Cause or by the Participant for Good Reason within twelve (12) months prior to a Change in Control,
the vesting date for any such RSUs hereunder shall be the date of such Change in Control, following which such RSUs shall be settled in
accordance with Section 3 hereof.

 

(c) Notwithstanding
anything in the Grant Notice or this Award Agreement to the contrary, but subject to Section 8 herein, upon the termination of
the Participant’s Continuous Service (i) due to his or her death or Disability or (ii) by the Company without Cause or by the Participant
for Good Reason, in each case, outside of the Protection Period, the portion of the RSUs that are scheduled to vest on the next vesting
date set forth in the Vesting Schedule following the date of such termination of Continuous Service shall immediately vest as of the date
of such termination of Continuous Service.

 

    -1-

     

    

 

(d) Risk
of Forfeiture. The RSUs will be subject to a risk of forfeiture until such time as the RSUs vest in accordance with the Vesting Schedule.
Notwithstanding anything in the Notice or this Award Agreement to the contrary, the vested and unvested RSUs will automatically and immediately
be forfeited upon the termination of Participant’s Continuous Service for Cause. The Company may implement any forfeiture under this Section
2(b) in a unilateral manner, without the Participant’s consent, and with no payment to the Participant, cash or otherwise, for the
forfeited RSUs.

 

3. Settlement
of RSUs. Subject to the terms of this Award Agreement, as soon as administratively practicable following the date on which all or
any portion of the RSUs vest pursuant to Section 2, but in no event prior to the Release Effective Date (if applicable) or later
than 60 days after each such vesting date, the Company shall deliver to the Participant (or the Participant’s permitted transferee, if
applicable) the number of Shares subject to the RSUs that vested and are being settled. Any fractional RSU that becomes vested hereunder
shall be rounded down at the time Shares are issued in settlement of such RSU. No fractional Shares, nor the cash value of any fractional
Shares, will be issuable or payable to the Participant pursuant to this Award Agreement. All Shares issued hereunder, if any, shall be
delivered either by delivering one or more certificates for such Shares to the Participant or by entering such Shares in book-entry form,
as determined by the Administrator in its sole discretion. The value of the Shares shall not bear any interest owing to the passage of
time. Neither this Section 3 nor any action taken pursuant to or in accordance with this Award Agreement shall be construed to
create a trust or a funded or secured obligation of any kind.

 

4. Dividend
Equivalents. The Participant shall be entitled to any Dividend Equivalents with respect to the RSUs to reflect any dividends payable
on Shares. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the RSUs to which they are attributable
and shall be paid on the same date that the RSUs to which they are attributable are settled in accordance with Section 3 hereof.
Dividend Equivalents may be accumulated and deemed reinvested in additional Restricted Stock Units or may be accumulated in cash, as determined
by the Administrator in its discretion.

 

5. Taxes.
The Participant hereby acknowledges and understands that the Participant may suffer adverse tax consequences as a result of the Participant’s
receipt of, vesting in, or disposition of, the RSUs.

 

(a) Representations.
The Participant has reviewed with the Participant’s tax advisors the tax consequences of the Notice, this Award Agreement and the RSUs
granted hereunder, including any federal, state, local or foreign tax laws. The Participant is relying solely on such advisors and not
on any statements or representations of the Administrator, the Company, any Affiliate or any of their respective agents (including, without
limitation, attorneys, accountants, consultants, bankers, lenders, prospective lenders and financial representatives) for tax advice.
The Participant hereby acknowledges and understands that the Participant (and not the Company nor any Affiliate) will be responsible for
the Participant’s tax liability that may arise as a result of the Participant receiving this Award Agreement and the RSUs granted hereunder.

 

    -2-

     

    

 

(b) Payment
of Withholding Taxes. To the extent that the receipt, vesting or settlement of the RSUs results in compensation income or wages to
the Participant for federal, state, local or foreign tax purposes, the Participant will make appropriate arrangements with the Company
or any Affiliate for the satisfaction of all withholding requirements and other tax obligations applicable to any RSUs that vest and are
settled in Shares in accordance with Section 3, which arrangements may include, at the Administrator’s election, the delivery of
cash or cash equivalents, Shares (including previously owned Shares, net settlement, a broker-assisted sale, or other cashless withholding
or reduction of the amount of cash or Shares otherwise issuable or delivered pursuant to this Award), other property, or any other legal
consideration the Administrator deems appropriate. If such tax obligations are satisfied through the withholding of Shares that are otherwise
issuable to the Participant pursuant to this Award (or through the surrender of previously owned Shares by the Participant to the Company),
the maximum number of Shares of that may be so withheld (or surrendered) shall be the number of Shares that have an aggregate Fair Market
Value on the date of withholding or surrender equal to the aggregate amount of such tax liabilities, determined based on the greatest
withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that may be utilized without creating adverse
accounting treatment for the Company with respect to this Award, as determined by the Administrator. The Participant hereby acknowledges
the Company’s and any Affiliate’s obligations under this Award Agreement are fully contingent on the Participant first satisfying this
Section 5(b). Therefore, a failure of the Participant to reasonably satisfy this Section 5 in accordance with the Administrator’s
sole and absolute discretion will result in the automatic termination and expiration of this Award Agreement and the Company’s obligations
hereunder. The Participant hereby agrees that a breach of this Section 5(b) will be deemed to be a material breach of this Award
Agreement.

 

(c) Section
409A. Notwithstanding anything herein or in the Plan to the contrary, the RSUs granted pursuant to this Award Agreement are intended
to be exempt from the limitations and requirements of Section 409A of the Code, as amended from time to time, including the guidance
and regulations promulgated thereunder and successor provisions, guidance and regulations thereto (“Section 409A”)
and shall be limited, construed and interpreted in accordance with such intent. Nevertheless, to the extent that the Administrator determines
that the RSUs may not be exempt from Section 409A, then, if the Participant is deemed to be a “specified employee” within the
meaning of Section 409A, as determined by the Administrator, at a time when the Participant becomes eligible for settlement of the RSUs
upon his or her “separation from service” within the meaning of Section 409A, then to the extent necessary to prevent any accelerated
or additional tax under Section 409A, such settlement will be delayed until the earlier of: (a) the date that is six months following
the Participant’s separation from service and (b) the Participant’s death. Notwithstanding the foregoing, the Company and the Affiliates
make no representations that the RSUs provided under this Award Agreement are exempt from or compliant with Section 409A and in no event
shall the Company or any Affiliate be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred
by the Participant on account of non-compliance with Section 409A.

 

    -3-

     

    

 

6. Non-Transferability
of RSUs. The RSUs may not be transferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding
the foregoing, the Participant may designate one or more beneficiaries of the Participant’s RSUs in the event of the Participant’s death
on a beneficiary designation form provided by the Administrator. The terms of this Award Agreement are binding upon the executors, administrators,
heirs, successors and transferees of the Participant.

 

7. No
Rights as a Shareholder of the Company. The Participant’s receipt of the grant of RSUs pursuant to the Notice and this Award Agreement
will not provide or confer rights or status as a shareholder of the Company until such time the RSUs are settled in Shares in accordance
with Section 3 of this Award Agreement.

 

8. Waiver
and Release. Notwithstanding any other provisions of this Award Agreement to the contrary, the Company shall not make or provide the
accelerated vesting set forth in Sections 2(b) or Section 2(c) (in each case, the “Accelerated Equity Vesting”),
unless the Participant timely executes and delivers to the Company a general release of claims in the form provided by the Company (which
shall be in substantially the form attached to a Participant’s employment agreement with the Company or any subsidiary, for any Participant
with an employment agreement with the Company or any subsidiary that has a form of release attached thereto) (the “Waiver and
Release”), and such Waiver and Release remains in full force and effect, has not been revoked and is no longer subject to
revocation, within 60 calendar days after the date of termination (the date the Waiver and Release is effective, has not been revoked,
and is no longer subject to revocation, the “Release Effective Date”). If the requirements of this Section 8
are not satisfied by the Participant (or the Participant’s estate or legally appointed personal representative), then no Accelerated Equity
Vesting shall be due to the Participant (or the Participant’s estate). Notwithstanding anything in this Award Agreement to the contrary,
the Accelerated Equity Vesting shall not be provided until the first practicable date following the date the Waiver and Release is executed
and no longer subject to revocation; provided, that if the period during which the Participant has discretion to execute or revoke
the Waiver and Release straddles two calendar years, then the Accelerated Equity Vesting shall be provided in the second calendar year.

 

9. Legality
of Initial Issuance. No Shares will be issued in accordance with Section 3 of this Award Agreement unless and until the
Administrator has determined that: (a) the Company and the Participant have taken all actions required to register the Shares under
the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (b) all applicable listing requirements
of any stock exchange or other securities market on which the Shares are listed, if any, have been satisfied; and (c) any other applicable
provision of any Applicable Laws has been satisfied.

 

10. Notice.
Any notice required by the terms of this Award Agreement must be given in writing and will be deemed to be effective upon the earlier
of personal delivery and the fifth business day after deposit with the United States Postal Service, by registered or certified mail,
with postage and fees prepaid. Notice must be addressed to the Company at its principal executive office and to the Participant at the
address that the Participant he or she most recently provided to the Company or an Affiliate.

 

    -4-

     

    

 

11. Successors
and Assigns. Except as provided herein to the contrary, the Notice, this Award Agreement and the Plan are binding upon and will inure
to the benefit of the parties to the Notice and this Award Agreement, their respective permitted successors and assigns.

 

12. No
Assignment. Except as otherwise provided in this Award Agreement, the Participant may not assign any of his or her rights under the
Notice, this Award Agreement or the Plan without the prior written consent of the Company, which consent may be withheld in its sole discretion.
The Company is permitted to assign its rights or obligations under the Notice, this Award Agreement and the Plan.

 

13. Construction;
Severability. The captions and headings used in this Award Agreement are inserted for convenience and are not to be deemed to be a
part of this Award Agreement for construction or interpretation. Except where otherwise indicated by the context, the singular form includes
the plural form and the plural form includes the singular form. Use of the term “or” is not intended to be exclusive, unless
the context clearly requires otherwise. The term “include” or “including” does not denote or imply any limitation.
The term “business day” means any Monday through Friday other than such a day on which banks are authorized to be closed in
the State of Delaware. The validity, legality or enforceability of the remainder of the Notice and this Award Agreement will not be affected
even if one or more of the provisions of the Notice or this Award Agreement are held by a court of competent jurisdiction to be invalid,
illegal or unenforceable in any respect.

 

14. Consent
to Electronic Delivery; Electronic Signature. In lieu of receiving documents in paper format, the Participant agrees, to the fullest
extent permitted by Applicable Laws, to accept electronic delivery of any documents that the Company may be required to deliver (including,
but not limited to, grant or award notifications and agreements, account statements, reports, and all other forms of communications) in
connection with this and any other Award made or offered by the Company. Electronic delivery may be via a Company electronic mail system
or by reference to a location on a Company intranet to which the Participant has access. The Participant hereby consents to any and all
procedures the Company has established or may establish for an electronic signature system for delivery and acceptance of any such documents
that the Company may be required to deliver, and agrees that his or her electronic signature is the same as, and have the same force and
effect as, his or her manual signature.

 

15. Administration
and Interpretation. Any determination by the Administrator in connection with any question or issue arising under the Notice, the
Plan or this Award Agreement will be final, conclusive and binding on the Participant, the Company, its Affiliates, and all other persons.
Any question or dispute regarding the interpretation of this Award Agreement or the receipt of the RSUs or Shares hereunder must be submitted
by the Participant to the Administrator. The resolution of such question or dispute by the Administrator will be final and binding on
all parties.

 

16. Counterparts.
The Notice and each of the exhibits to this Award Agreement may be executed in any number of counterparts, any of which may be executed
and transmitted by facsimile or portable document format (.pdf), and each of which will be deemed to be an original, but all of which
together will be deemed to be one and the same instrument.

 

    -5-

     

    

 

17. Entire
Agreement; Governing Law; and Amendments. The provisions of the Plan and the Notice are incorporated herein by reference. The Plan,
the Notice and this Award Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede
in their entirety all prior undertakings and agreements of the Company, its Affiliates and the Participant with respect to the subject
matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and
the Participant. This Award Agreement is governed by the laws of the State of Delaware applicable to contracts executed in and to be performed
in the State of Delaware, without regard to conflicts of laws principles thereof. The Administrator may, in its sole discretion, amend
this Award Agreement from time to time in any manner that is not inconsistent with the Plan, including to unilaterally adopt amendments
to this Award Agreement or the Plan to the minimum extent necessary or appropriate (as determined by the Administrator in its sole discretion)
for the RSUs to comply with Section 409A; provided, however, that except as otherwise provided in the Plan or this Award Agreement, any
such amendment that materially reduces the rights of the Participant shall be effective only if it is in writing and signed by both the
Participant and an authorized officer of the Company.

 

18. Venue.
The Company, its Affiliates, the Participant and the Participant’s assignees agree that any suit, action or proceeding arising out of
or related to the Notice, this Award Agreement or the Plan must be brought in the United States District Court for the District of Delaware
(or should such court lack jurisdiction to hear such action, suit or proceeding, in a state court in Delaware) and that all parties submit
to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent permitted by law, any objection the party may
have to the laying of venue for any such suit, action or proceeding brought in such court. If any one or more provisions of this Section
18 are for any reason held invalid or unenforceable, it is the specific intent of the parties that such provisions be modified to
the minimum extent necessary to make it or its application valid and enforceable.

 

19. No
Guarantee of Continuous Service or Awards. THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF RSUS PURSUANT TO THE VESTING
SCHEDULE IS EARNED ONLY BY CONTINUOUS SERVICE AT THE WILL OF THE COMPANY OR ANY AFFILIATE, AS APPLICABLE (NOT THROUGH THE ACT OF BEING
HIRED, BEING GRANTED THE RSUS OR ACQUIRING SHARES HEREUNDER). THE PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT,
THE RIGHTS GRANTED HEREUNDER, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS
OR IMPLIED PROMISE OF CONTINUOUS SERVICE FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND DO NOT INTERFERE IN ANY WAY WITH THE PARTICIPANT’S
RIGHT OR THE RIGHT OF THE COMPANY OR ANY AFFILIATE TO TERMINATE THE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH
OR WITHOUT CAUSE. The grant of the RSUs is a one-time benefit and does not create any contractual
or other right to receive a grant of Awards or benefits in lieu of Awards in the future. Any future Awards will be granted at the sole
discretion of the Company.

 

20. Clawback.
Notwithstanding any provision in the Notice, this Award Agreement or the Plan to the contrary, all cash or Shares issued hereunder shall
be subject to any compensation recovery or recoupment policy applicable to executives of the Company and its Affiliates that is hereafter
adopted by the Board or a duly authorized committee thereof to adhere to the intent of the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010, the Sarbanes-Oxley Act of 2002, or other applicable law, as advised to the Board in a written opinion (including
via e-mail correspondence) of the Company’s legal counsel.

 

21. Unsecured
General Creditor. The Participant has no legal or equitable rights, interests or claims in any property or assets of the Company due
to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this
Award Agreement, the Participant has no more rights than those of a general creditor of the Company. The Company’s obligation under the
Notice and this Award Agreement will be that of a conditional unfunded and unsecured promise to pay money or property in the future.

 

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

 

* * * * *

 

 

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