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AGREEMENT AND GENERAL RELEASE
THIS AGREEMENT AND GENERAL RELEASE (this “Agreement”) is made and entered into as of April 28, 2022, by and between Commvault Systems, Inc. (“Company”), and Brian Carolan (the “Executive”) (the Company and the Executive being referred to herein collectively as the “Parties”).
WHEREAS, the Company and the Executive are parties to an Executive Retention and Severance Agreement dated October 23, 2018, as amended (the “Retention Agreement”) and a Corporate Change in Control Agreement dated May 5, 2008, as amended (the “Change in Control Agreement”);
WHEREAS, the Company and the Executive now desire to terminate the Executive’s employment relationship with the Company effective as of the close of business, June 30, 2022 (the “Termination Date”); and
WHEREAS, the Executive and Company accept and agree that, in connection with the Executive’s termination, the Company will provide the Executive with the certain payments and benefits, as described in this Agreement, and the Executive agrees to accept such payments and benefits as consideration for entering into this Agreement and, particularly, the release of claims the Executive might otherwise have;
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
1.Termination of Employment. On the Termination Date, the Executive shall be terminated from all positions and offices that he holds with Company and any of its subsidiaries, affiliates or associated companies, including but not limited to the position of Chief Financial Officer. The Executive’s participation in all Company compensation and benefit plans will cease on the Termination Date, except to the extent otherwise provided for herein, or as set forth in the governing documents for such plans. The Executive further agrees that he will not seek reinstatement, recall or reemployment with Company after the Termination Date.
2.Payments and Benefits Upon Termination. 
(a)Accrued Obligations. Upon the Executive’s termination, and without regard to whether this Agreement is executed and irrevocably goes into effect, the Executive is entitled to: (i) payment of earned but unpaid salary (including a pro rata portion (25%) of the FY ’23 bonus at an assumed 100% target) for the period ending on the Termination Date, payable as required by applicable law, (ii) reimbursements of any reasonable business expenses incurred but unreimbursed prior to the Termination Date, and (iii) any other vested payments or benefits to which the Executive is entitled under the express terms of any employee benefit plans, arrangements or programs of Company.  
(b)Termination Benefits.  If this Agreement and a supplemental release (the “Supplemental Release”) reasonably satisfactory to the Company (to be signed no earlier than the close of business on the Termination Date) are both executed and not thereafter revoked during any applicable revocation period, the Executive shall be entitled to the termination benefits set forth in the Retention Agreement, a copy of which is attached hereto as Exhibit A.    
(c)Notwithstanding anything to the contrary in Section 2(b), the following modifications to the payments and benefits provided for in Exhibit A shall apply:

(i)In lieu of the acceleration of Executive’s equity or equity-based awards (the “Equity Grants”) as set forth in Section 2(a) of Exhibit A, Executive shall retain all of Executive’s Equity Grants and the provisions in the award documents and/or plan documentation under which the Equity Grants were made that require any additional period of employment or service after the Termination Date shall be waived, and the Equity Grants shall be valued and shall be paid out in the same manner and at the same time as would have been the case had Executive remained in continuous employment or service with the Company through the date at which the payments or taxable benefits provided for under the Equity Grants would otherwise have been provided to Executive, and in the event of a change of control of the company (as defined in the Change of Control Agreement), Executive’s Equity Grants shall be accelerated as set forth in the Change of Control Agreement as if Executive had terminated his employment “For Good Reason”; 
(ii)The Severance Compensation payable pursuant to Section 2(b) of Exhibit A shall be paid in full as a lump sum payment on or as soon as practicable following the date the Subsequent Release becomes irrevocable, rather than installments over the Severance Period; and 
(iii)In lieu of receiving an immediate lump sum payment equal to the cost Executive would have to pay for continuation of group health coverage under the Company's group health plan pursuant to the Company's obligations under applicable provisions of the Consolidated Omnibus Budget Reconciliation Act (commonly known as "COBRA") or any similar law assuming Executive were to elect to continue group health coverage as in effect for Executive and Executive's dependents immediately prior to the Termination Date, Executive shall continue to participate in the Company’s group health plans (subject to any plan changes) at no cost to Executive for the twelve (12) month period following the Termination Date, which continued coverage shall be deemed to run concurrently with, and shall be deemed to constitute COBRA continuation coverage.  
3.General Release. In consideration of the payments to be made by Company to the Executive in section 2(b) of this Agreement, the Executive, with full understanding of the contents and legal effect of this Agreement and having the right and opportunity to consult with his counsel, releases and discharges Company, its officers, directors, board members, supervisors, managers, employees, agents, representatives, attorneys, divisions, subsidiaries and affiliates, and all related entities of any kind or nature, and its and their predecessors, successors, heirs, executors, administrators, and assigns (collectively, the “Company Released Parties”) from any and all claims, actions, causes of action, grievances, suits, charges, or complaints of any kind or nature whatsoever, that he ever had or now has, whether fixed or contingent, liquidated or unliquidated, known or unknown, suspected or unsuspected, and whether arising in tort, contract, statute, or equity, before any federal, state, local, or private court, agency, arbitrator, mediator, or other entity, regardless of the relief or remedy. Without limiting the generality of the foregoing, it being the intention of the parties to make this General Release as broad and as general as the law permits, this release specifically includes any and all subject matters and claims arising from any alleged violation by the Company Released Parties under the Age Discrimination in Employment Act of 1967, as amended; Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1866, as amended by the Civil Rights Act of 1991 (42 U.S.C. § 1981); the Rehabilitation Act of 1973, as amended; the Executive Retirement Income Security Act of 1974, as amended; the New Jersey Law Against Discrimination, and other similar state or local laws; the Securities Act of 1933, the Securities Exchange Act of 1934, The New Jersey Age Discrimination in Employment Act, the Equal Employment for Persons with Disabilities Code, the Sex Discrimination in Employment Act, the Common Day of Rest Act, , and any other similar New Jersey state or local statutes, ordinances, and regulations, the 
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Americans with Disabilities Act; the Worker Adjustment and Retraining Notification Act; the Equal Pay Act; Executive Order 11246; Executive Order 11141; and any other statutory claim, employment or other contract or implied contract claim or common law claim for wrongful discharge, breach of an implied covenant of good faith and fair dealing, defamation, or invasion of privacy arising out of or involving his employment with Company, the termination of his employment with Company, or involving any continuing effects of his employment with Company or termination of employment with Company, including any claims arising under or with respect to the Retention Agreement or Change in Control Agreement. The Executive further acknowledges that he is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities, action and causes of action which are unknown to the releasing or discharging part at the time of execution of the release and discharge. The Executive hereby expressly waives, surrenders and agrees to forego any protection to which he would otherwise be entitled by virtue of the existence of any such statute in any jurisdiction including, but not limited to, the State of New Jersey. Executive is not waiving the right to enforce the terms of this Agreement.
4.Covenant Not to Sue. The Executive agrees not to file any lawsuit or court proceeding regarding or in any way related to any of the claims described in section 3 of this Agreement, and further agrees that this Agreement is, will constitute and may be pleaded as, a bar to any such claim, action, cause of action or proceeding. The Executive acknowledges that this Agreement does not limit either Party’s right, where applicable, to file or participate in any charge of discrimination or other investigative proceeding of any federal, state or local governmental agency. To the extent permitted by law, if any government agency or court assumes jurisdiction of any charge, complaint, or cause of action covered by this Agreement, the Executive will not seek and will not accept any personal, equitable or monetary relief in connection with such investigation, civil action, suit or legal proceeding.
5.Severability. If any provision of this Agreement shall be found by a court to be invalid or unenforceable, in whole or in part, then such provision shall be construed and/or modified or restricted to the extent and in the manner necessary to render the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement shall be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be. The parties further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the parties are unable to agree upon a lawful substitute, the parties desire and request that a court or other authority called upon to decide the enforceability of this Agreement modify the Agreement so that, once modified, the Agreement will be enforceable to the maximum extent permitted by the law in existence at the time of the requested enforcement.
6.Waiver. A waiver by Company of a breach of any provision of this Agreement by the Executive shall not operate or be construed as a waiver or estoppel of any subsequent breach by the Executive. No waiver shall be valid unless in writing and signed by an authorized officer of Company. A waiver by the Executive of a breach of any provision of this Agreement by Company shall not operate or be construed as a waiver or estoppel of any subsequent breach by Company. No waiver shall be valid unless in writing and signed by the Executive.
7.Non-Disclosure. The Executive agrees that he will keep the terms and amounts set forth in this Agreement completely confidential and will not disclose any information concerning this Agreement’s terms and amounts to any person other than his attorney, accountant, tax advisor, or immediate family.
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8.Trade Secrets. In compliance with 18 U.S.C. § 1833(b), as established by the Defend Trade Secrets Act of 2016, the Executive is given notice of the following: (1) that an individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; and (2) that an individual who files a lawsuit for retaliation by an Company for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.
9.Survival of Certain Retention Agreement Provisions. The Executive agrees that the provisions of Section 3 (Protected Information) and Section 4 (Prohibited Solicitation and Competition) of the Retention Agreement survive the termination of the Executive’s employment together with any applicable definitions (as may be amended herein) used in such Sections.
10.Non-Disparagement. The Executive will not make to any third party any disparaging, untrue, or misleading written or oral public statements about or relating to the Company, its products or services, or about or relating to any officer, director, agent, or employee of the Company. The Company will not make to any third party any disparaging, untrue, or misleading written or oral statements about or relating to the Executive, and for purposes of this sentence, the “Company” is defined solely as Sanjay Mirchandani and Martha Delahanty.
11.Return of Company Materials. As of the Termination Date, the Executive represents that he has returned all Company property and all originals and all copies, including electronic and hard copy, of all documents, all equipment, correspondence, records, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents, in both original form as well as any and all copies (including all data and files on the Employee’s home computer) concerning the Company’s personnel, organization, customers, business plans, strategies, products or processes and/or which contain confidential or proprietary information or trade secrets. The Executive agrees not to retain any copies or information covered by this section. All Company equipment and/or property must be returned to Martha Delehanty in Tinton Falls by the Termination Date. The Executive will be mailed shipping materials and instructions to home address of record.
12.Taxes. To the extent any taxes may be due on the payments provided in this Agreement beyond any withheld by the Company, the Executive agrees to pay them and to indemnify and hold the Company and other entities released by the Executive herein harmless for any tax claims or penalties resulting from such payments. The Executive further agrees to provide any and all information pertaining to the Executive upon request as reasonably necessary for the Company and other entities released herein to comply with applicable tax laws.
13.No Admission of Wrongdoing. The Executive understands and agrees that nothing contained in this Agreement shall be construed in any way as an admission by the Company of any act, practice or policy of discrimination or breach of contract either in violation of applicable law or otherwise.
14.Future Assistance. Following the Termination Date, the Executive agrees to provide Company and/or any of its authorized agents or attorneys his reasonable 
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cooperation and assistance in connection with any and all questions, facts or events occurring during the Executive’s employment. The Executive will make himself available in connection with any claims, disputes, negotiations, investigations, lawsuits, or administrative proceedings involving Company, upon Company’s request and without the necessity of subpoena, to provide information or documents, provide truthful declarations or information to Company, meet with attorneys or other representatives of Company, prepare for and give depositions or testimony, and/or otherwise cooperate in the investigation, defense or prosecution of any or all such matters. Company agrees to reimburse Executive for reasonable out-of-pocket expenses incurred by the Executive in providing the services described in this Paragraph 14.
15.Representation. The Executive hereby agrees that this release is given knowingly and voluntarily and acknowledges that:
(a)this Agreement is written in a manner understood by the Executive;
(b)this release refers to and waives any and all rights or claims that he may have arising under the Age Discrimination in Employment Act, as amended;    
(c)the Executive has not waived any rights arising after the date of this Agreement;
(d)the Executive has received valuable consideration in exchange for the release in addition to amounts the Executive is already entitled to receive; and
(e)the Executive has been advised to consult with an attorney prior to executing this Agreement.
16.Consideration and Revocation. The Executive is receiving this Agreement on April 28, 2022 and the Executive shall be given at least twenty one (21) days from receipt of this Agreement to consider whether to sign the Agreement; provided, however, that, in order to receive the benefits to be provided after the Termination Date, the Executive must also execute, and not thereafter revoke, the Supplemental Release, which must not be executed prior to the Termination Date.  The Executive agrees that changes or modifications to this Agreement do not restart or otherwise extend the above twenty-one (21) day period. Moreover, the Executive shall have seven (7) days following execution to revoke this Agreement in writing to Martha Delehanty by or mdelehanty@commvault.com with original by regular mail, return receipt requested to Martha Delahanty’s attention at: Commvault Systems, Inc., 1 Commvault Way, Tinton Falls, NJ 07724 and the Agreement shall not take effect until those seven (7) days have ended. 
17.Section 409A Compliance. This Agreement is intended to be interpreted and operated to the fullest extent possible so that the payments and benefits under this Agreement either shall be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) pursuant to the “short-term deferral” and “separation pay plan” exemptions found in final Treasury Regulation Sections 1.409A-1(b)(4) and (9), respectively.  In the event any payments or taxable benefits hereunder are not exempt under the aforementioned regulatory provision, the intent is that such payments and benefits be deemed in compliance with the requirements of Code Section 409A by reason of being paid or provided on a fixed schedule determined by reference to the Executive’s “separation from service” as that phrase is used for purposes 
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of Code Section 409A.  In addition, each payment made under this Agreement that is subject to Code Section 409A is hereby designated as a “separate payment” within the meaning of Code Section 409A. 
18.Deadline for Execution.  This Agreement must be executed no later than thirty (30) days following its receipt by the Executive and the Supplemental Release must be executed on or after the Termination Date, and no later than thirty (30) days following the Termination Date.  If the forgoing requirements are not satisfied, no payments and benefits (other than those required to be provided by law) shall be provided. No payments and benefits (other than those that are required to be provided by applicable law) shall be provided during the thirty (30) day period following the Termination Date.  If all of the applicable Agreement requirements are met by the thirtieth (30th) day following the Termination Date, any payments or benefits that would otherwise have been provided during the thirty (30) day period following such termination shall be provided on the thirtieth (30th) day following such termination. Payments and benefits shall be accelerated if the Agreement requirements are satisfied prior to the thirtieth (30th) day following the termination of the Executive’s employment with the Company, but only if and to the extent that such payments and benefits are not subject to Code Section 409A.  
19.Amendment. This Agreement may not be altered, amended, or modified except in writing signed by both the Executive and Company.
20.Joint Participation. The parties hereto participated jointly in the negotiation and preparation of this Agreement, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Agreement. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Agreement shall be construed as if the parties jointly prepared this Agreement, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.
21.Binding Effect; Assignment. This Agreement and the various rights and obligations arising hereunder shall inure to the benefit of and be binding upon the parties and their respective successors, heirs, representatives and permitted assigns. Neither party may assign its respective interests hereunder without the express written consent of the other party.
22.Applicable Law; Jurisdiction. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New Jersey. Any suit, action or proceeding with respect to this Agreement, or any judgment entered by any court in respect of any thereof, may be brought in any court of competent jurisdiction in the State of New Jersey, and the Executive hereby submits to the jurisdiction of such courts for the purpose of any such suit, action, proceeding or judgment. Nothing herein shall in any way be deemed to limit the ability of the Company to serve any such writs, process or summonses in any other manner permitted by applicable law or to obtain jurisdiction over the Executive, in such other jurisdictions and in such manner, as may be permitted by applicable law. The Executive hereby irrevocably waives any objections which the Executive may now or hereafter have to the laying of the venue of any suit, action or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of New Jersey, and hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. No suit, action or proceeding against the Company with respect to this Agreement may be brought in any court, domestic or foreign, or before any similar domestic or foreign authority other than in a court of competent jurisdiction in the State of New Jersey, and the Executive hereby irrevocably waives any right which he may otherwise have had to bring such an action in any other court, domestic or foreign, or 
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before any similar domestic or foreign authority. The Company hereby submits to the jurisdiction of such courts for the purpose of any such suit, action or proceeding.
23.Execution of Release. This Agreement may be executed in several counterparts, each of which shall be considered an original, but which when taken together, shall constitute one Agreement.
PLEASE READ THIS AGREEMENT AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT. THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS, INCLUDING THOSE UNDER THE FEDERAL AGE DISCRIMINATION IN EMPLOYMENT ACT, AND OTHER FEDERAL, STATE AND LOCAL LAWS PROHIBITING DISCRIMINATION IN EMPLOYMENT.
If the Executive signs this Agreement less than 21 days after he receives it from Company, he confirms that he does so voluntarily and without any pressure or coercion from anyone at the Company.
IN WITNESS WHEREOF, the Executive and Company have voluntarily signed this Agreement and General Release on the applicable dates set forth below.
						
	COMMVAULT SYSTEMS, INC.

By: /s/ Martha Delahanty
       Martha Delahanty
       Chief People Officer
Date: April 28, 2022
	Brian Carolan 

/s/ Brian Carolan 

Date: April 28, 2022

    7Exhibit 10.1

 

 

 

EMPLOYMENT AGREEMENT

 

This Agreement (“Agreement”),
executed as of the date set forth below (“Effective Date”), is by and between and among William O’Neill
(“Employee” or “BON”), and Bion Environmental Technologies, Inc., a Colorado corporation and its subsidiaries
(collectively the “Company” or “Bion”), Wise Up Foods LLC (“WUF”) solely as to paragraph
5 below and Identifoods LLC (“Identifoods”) as to paragraphs 2e), 3a) and 4c) below.

		1.	FULL-TIME SERVICES/POSITIONS/DUTIES.

		a)	BON shall provide of his full-time services to the Company and shall hold the senior management position of Chief Executive Officer
(“CEO”) of the Company with duties including without limitation: executive leadership, sales/marketing of the Company’s
primary projects and business initiatives, capital raising, and managing other employees, consultants and vendors (as such persons carry
out the direct work of public reporting and accounting, investor relations, strategic planning, organizational development, project management,
technical advising, administration and other matters) and such other duties as needed. Employee shall be assisted in his duties by: i)the
Company’s prior CEO, Dominic Bassani (“DB”) who will assume the duties of Chief Operating Officer (“COO”)
with responsibility for operational supervision and reporting for employees continuing and with DB reporting to BON, and ii)the Company’s
President/General Counsel, Mark A. Smith (“MAS”). Employee will report to the Company’s Board of Directors (“BOD”)
through MAS in his roles as Executive Chairman and member of the BOD.

		b)	Bion acknowledges that BON: i) is majority owner of WUF, ii) his wife serves as President & CEO of WUF. and iii) BON will continue
to serve as founding Director of WUF and that such continued service solely in a ‘director’ role will not violate BON’s
full time employment commitment.

 

		2.	INCENTIVE WARRANTS. 

The Company shall issue to Employee three (3)
sets of Incentive Warrants as follows:

a) Incentive Warrant BON-1
(“W-BON-1”): providing the right to purchase up to 300,000 shares of the Company’s restricted and legended Common Stock
(‘Shares’) at an exercise price of $1.00 per share which Incentive Warrant-RM1 shall be issued and be immediately exercisable
effective May 1, 2022 and shall expire on April 31, 2026; and

b) Incentive Warrant BON-2
(“W-BON-2”): providing the right to purchase up to 350,000 shares of the Company’s restricted and legended Common Stock
(“Shares”) at an exercise price of $1.00 per share which Incentive Warrant-BON-2 shall be immediately issued and be exercisable
effective May 1, 2023 and shall expire on April 31, 2026, and

c) Incentive Warrant BON-3
(“W-BON-3”): providing the right to purchase up to 350,000 shares of the Company’s restricted and legended Common Stock
(“Shares”) at an exercise price of $1.00 per share which Incentive Warrant-BON3 shall be issued immediately and be exercisable
effective May 1, 2024 and shall expire on April 31, 2026 (collectively the W-BON-1, W-BON-2 and W-BON-3 are the ‘Warrants’
or the “Securities”) which Warrants shall have the terms and conditions and be issued in the form set forth at Exhibits A-1,
A-2 & A-3 hereto;

d) each of which Warrants
will have: i) ‘cashless exercise’ provision, ii) 75% ‘exercise bonus’ (if exercised at least 18 months after issuance)
and iii) ‘piggyback’ registration rights (equivalent to other senior management) as set forth in the Warrants; and

e) The Warrants shall be
valued at $.075 per Warrant for a total of $75,000 of consulting fees for which a Form 1099 will be issued by the Company for the 2022
year which Form 1099 shall be issued to Identifoods.

3. COMPENSATION. 

The Company shall pay Employee:

 

		a)	From the effective date of this Agreement, 50% as a ‘W2 employment employee’ and 50% as
a ‘1099 consultant’ (through Identifoods, a family entity), the sum of $25,000 per month:

		b)	Plus $10,000 per month of deferred compensation which shall be accrued by the Company and paid in the
discretion of the BOD, and

		c)	$1,500 per month as an allowance for health insurance

		d)	Such bonuses as the BOD may declare (in its sole discretion) from time-to-time.

 

 

    	 

    	 

    

4. TERM & SECURITIES CANCELLATION. 

a) The Term of compensation and services hereunder
shall be up to three (3) years and one (1) month beginning May 1, 2022 (‘Term”), unless extended in a written extension agreement;

b) After the initial year of the Term is completed
on April 30, 2023, the BOD shall determine during May 2023 (if not decided earlier) whether to renew this Agreement for the two (2) years
commencing May 1, 2023.

c) If BON’s employment with the Company
is not the extended past June 30, 2023 and/or Employee otherwise fails to provide services to the Company for the entire Term, the Warrants
issued to Employee shall be reduced to eliminate/cancel W-BON2 and W-BON3 entirely (or reduced on a pro-rata basis if BON partially serves
as CEO during such 2 year period) unless agreed otherwise by the Company in writing.

5. WUF/BION STRATEGIC RELATIONSHIP: STATEMENT OF INTENTION.

Effective upon execution of this Agreement, WUF and Bion intend to
commence a strategic relationship based on the following items:

a) Bion and WUF have formed a strategic
alliance and committed to collaborate on projects each company has in their respective pipelines. WUF and Bion will work together to use/create
technology that will deliver the consumer verified sustainable results produced by Bion’s technology and technology platform. The
key to the strategic relationship is each company’s commitment to deliver real and verified results to the consumer – free
of marketing hype and greenwashing;

b) WUF will develop (at its sole expense its proprietary
"blockchain / tracking" system that will be capable of providing Bion with cow/calf tracking info (Lot#, etc.) and technical
specific requirements for Bion’s ‘data pack’ that will be made available to WUF blockchain.;

 

		c)	Bion’s ‘data pack’ will include third party "verified" environmental reductions whose verification is
consistent with branded sustainable programs such as USDA PVP certification. Any technology (i.e., blockchain, content management system,
or other) developed within the Bion system to record and verify information will be paid for and owned exclusively by Bion:

		d)	Each company will retain ownership of their respective software and absorb their respective development costs; and

		e)	WUF agrees that Bion has an option/right of first refusal to acquire WUF while BON is CEO of Bion at the then prevailing market price.

 

6. INDEPENDENT CONTRACTOR. 

During the initial 13 months, Employee shall
perform his services to the Services: i) 50% as an independent contractor and ii) 50% as an employee of the Company. Thereafter, Employee
shall make an annual election and inform the Company on or before August 31 of each calendar year.

 

7. CONFIDENTIALITY

Employee shall treat as confidential
and proprietary all information, products and data delivered to it by Company including, without limitation, information and data concerning
Company, business, plans, programs, products, employees and operations of, or belonging to, Company, and/or other companies with whom
Company has a business relationship, and additional information and data made available to Employee or developed or acquired by Employee
as a result of the Services (“Confidential Information”). Confidential Information shall not be disclosed to
any third party. Nothing contained herein shall preclude Employee from disclosing information or data: (i) in the public domain without
breach of this Agreement; (ii) developed independently by Employee; (iii) received by Employee on a non-confidential basis from others
who had a right to disclose such Confidential Information; or (iv) where disclosure or submission to any governmental authority is required
by applicable statutes, ordinances, codes, regulations, consent decrees, orders, judgements, rules, and all other requirements of any
and all governmental or judicial entities that have jurisdiction over the Services, but only after actual prior written notice has been
received by Employee and Company has had a reasonable opportunity to protect disclosure of such Confidential Information. This obligation
of Employee set forth in this Article 7 shall continue beyond and after the termination of this Agreement for a period of 2 years. At
the completion or termination of this Agreement or at any time Company so requests, Employee shall deliver to Company all notes, memoranda,
records, drawings, drafts or other documents (including, without limitation, all copies and reproductions thereof) and other information
or material resulting from or in connection with the Services that are confidential in nature and cannot be obtained in the public domain
which may come into the Employees’ possession or custody. The full obligations of the Company and Employee are set out in the Mutual
Non-Disclosure Agreement (Exhibit B) which shall be controlling as to the matters set forth therein.

 

    	 

    	 

    

8. TERMINATION

Company may terminate this Agreement at any time by providing the Employee
with 120 days’ written notice, PROVIDED, HOWEVER, such notice shall not be required for an election of the Company’s Board
of Directors not to extend this Agreement as set forth at paragraph 4b) above. Employee may terminate all or part of this Agreement by
providing the Company with 120 days’ written notice. In such the event of termination by either party,
Employee would be required to work with Company over the next 120 days to transition duties and responsibilities unless other arrangements
are made with the Company in advance in writing. In return, BON would receive a severance package that included an additional month’s
pay at whatever rate he was earning at the time of termination subsequent to pay during the transition period. Notwithstanding anything
to the contrary in this Agreement, either party may terminate this Agreement at any time, immediately and without notice, for “cause.”
“Cause” hereunder means (i) fraud, unlawful conduct, or willful misconduct by a party in contravention of the
terms set forth herein; or (ii) Employee’s material breach of any obligations owed to Company or its affiliates.

 

9. DISPUTE
RESOLUTION 

All disputes between the parties under this
Agreement (except as to items set forth in Exhibit B hereto) shall be resolved in accordance with the following procedures: (i) first,
each party shall designate an individual with authority to settle the dispute, and such persons shall meet as soon as possible to attempt
to resolve the dispute in good faith; (ii) second, if these individuals cannot resolve the dispute within ten (10) business days of their
first settlement meeting, if the parties so agree, they may submit the dispute to mediation with such mediation to be commenced and administered
under and conducted by a single mediator under the Commercial Arbitration Rules and Mediation Procedures of the American Arbitration Association
(the “Rules”); and (iii) third, any dispute not resolved by mediation within thirty (30) business days of submission
of the dispute to mediation, or if either party shall refuse to submit the dispute to mediation, the dispute shall be subject to binding
arbitration in Boulder, Colorado by a single arbitrator under the Rules, subject to this Agreement. Either party may commence arbitration
upon first complying with subsections (i) and (ii) above. Employee will continue performing its obligations under the Agreement while
any dispute is being resolved unless and until Employee’s obligations are terminated by termination or expiration of the Agreement.

9. NOTICE

Any notice or communication
required or permitted by this Agreement shall be deemed sufficiently given if in writing and when delivered personally or 48 hours after
deposit with a receipted commercial courier service requiring a written acknowledgement of receipt or providing a certification of delivery
or attempted delivery and addressed to the addresses indicates at the end of this Agreement or to such other address as the party to whom
notice is to be given has furnished to the other party(ies) in the manner provided above.

10. INTELLECTUAL PROPERTY.

“Materials”
means information, know-how, data and other technology, including works of authorship and other creations and ideas, databases, compilations,
inventions, developments, software, firmware, and other computer programs (in source code, object code or any other format), documentation,
technical information, specifications, configuration information, designs, plans, drawings, writings, schematics, documents, reports,
methods, procedures, concepts, techniques, protocols, systems, elements, components, subsystems, devices, equipment and other hardware.
“Deliverable” means the Materials prepared for and delivered to Employee under this Agreement that are identified
as a “Deliverable” in the relevant Scope of Work. “Work Product” means Materials other than the
Deliverables that Employee, the Employee’s subcontractors (as defined below), or their respective personnel, may make, conceive,
develop, create or reduce to practice, alone or jointly with others, in the course of performing the Services or as a result of such Services,
including Employee’s working papers. “Intellectual Property Rights” means all copyrights, patents, trademarks,
service marks, trade dress, trade secret rights, rights in domain names, rights with respect to databases and other compilations and collections
of data or information, publicity and privacy rights, rights with respect to personal information, and other intellectual and industrial
property rights anywhere in the world, whether statutory, common law or otherwise. Company will own each particular physical copy of the
Deliverables, if any, subject to the terms and conditions of this Agreement. Company shall own all Intellectual Property Rights in and
to the Work Product and the Deliverables. Subject to Company’s compliance with the terms of this Agreement, Employee grants to Company,
under Employee’s Intellectual Property Rights, a nonexclusive, non-transferable license to use the Deliverables and any Work Product
delivered to Company for Company’s own internal business purposes only. Except as set forth herein, Company makes no conveyance,
grant, or license of any Intellectual Property Rights. Employee provides the Services, Deliverables, and Work Product solely for Company’s
internal use and benefit. The Services and Deliverables and Work Product are not for a third party’s use, benefit or reliance, and
Employee disclaims any contractual or other responsibility, liability or duty of care to third parties based upon the Services, Deliverables,
or Work Product. Additionally, Employee shall execute the Company’s now current Non-Disclosure Agreement and any other documents
related to intellectual property rights as the Company may present to Employee from time-to time.

 

    	 

    	 

    

11. ( INTENTIONATELY LEFT BLANK)

 

12. MISCELLANEOUS

12.1       Governing
Law. The validity, construction and performance of this Agreement and all disputes between the parties arising out of this Agreement
or as to any matters related to but not covered by this Agreement shall be governed by the laws, without regard to the laws as to choice
or conflict of laws, of the State of Colorado. Jurisdiction shall be in the Courts of the State of Colorado.

12.2       Assignment.
Neither this Agreement nor any rights under this Agreement may be assigned by any party, other than an affiliate of such party, without
the prior written consent of the other party. Notwithstanding the foregoing, Company may, without prior written consent of Employee, assign
this Agreement to any affiliate or subsidiary of Company or to any person or entity acquiring substantially all of the assets of Company,
provided that such person or entity has substantially the same financial capability (or greater) as Company on the date of such assignment.
Upon such assignment, Company shall be relieved of any further liability or obligations to Employee arising after the effective date of
such assignment.

12.3       Parties
in Interest. Nothing in this Agreement, expressed or implied, is intended to confer on any person or entity other than the Parties
any right or remedy under or by reason of this Agreement.

12.4       Counterparts/Facsimile.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute a single Agreement. ‘Facsimile’ signatures received electronically shall have the same effect as original signatures.

12.5       Amendment
and Waiver. This Agreement may be amended, modified or supplemented only by a writing executed by each of the parties. Any party
may in writing waive any provisions of this Agreement to the extent such provision is for the benefit of the waiving party. No action
taken pursuant to this Agreement, including any investigation by or on behalf of any party, shall be deemed to constitute a waiver by
that party of its or any other party’s compliance with any provisions of this Agreement. No waiver by any party of a breach of any
provision of this Agreement shall be construed as a waiver of any subsequent or different breach, and no forbearance by a party to seek
a remedy for noncompliance or breach by the other party shall be construed as a waiver of any right or remedy with respect to such noncompliance
or breach.

12.6       Severability.
The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions, and this Agreement
shall be construed in all respects as if any invalid or unenforceable provision were omitted or as modified by the relevant legal forum.

12.7       Entire
Agreement. This Agreement (and the related documents created and executed as part of the same transactions) embodies the entire
Agreement and understanding between the Parties pertaining to the subject matter of this Agreement, and supersedes all prior Agreements,
understandings, negotiations, representations and discussions, whether verbal or written, of the Parties pertaining to that subject matter.

12.8       Non-Solicitation.
During any period in which Employee is engaged by Company and for a period of twenty-four (24) months after the termination of Employee’s
engagement with Company, for any reason, Company and Employee shall not: (a) directly or indirectly attempt to hire away, induce or attempt
to induce any person who was an employee of the other party at such expiration or termination (or within six month prior thereto) to leave
employment with the such party.

12.9        Survival. The Articles
and Sections relating to Indemnification, Confidentiality and Non-Solicitation shall survive the termination of this Agreement.

12.10       Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden
of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

    	 

    	 

    

 

 

	EMPLOYEE	 	COMPANY
	 	 	 
	William O’Neill	 	BION ENVIRONMENTAL TECHNOLOGIES, INC.
	 	 	 
	/s/ William O’Neill	 	/s/ Mark A. Smith
	 	 	 
	Signature	 	Signature
	Printed Name:	 	Printed Name:
	 	 	 
	William O’Neill	 	Mark A. Smith
	April 26, 2022	 	April 30, 2022
	 	 	 
	Address:	 	Address:
	107 12th Street E., St. Petersburg FL 33715	 	9 East Park Ct., Old Bethpage, NY 11804
	 	 	 
	WISE UP FOODS LLC (as to paragraph 5)	 	107 12th Street E., St Petersburg, FL 33715
	 	 	 
	By: /s/ Sarah Martello	 	 
	Signature	 	 
	 April 26, 2022	 	 
	 	 	 
	 	 	 
	IDENTIFOODS LLC	 	107 12th Street E., St Petersburg, FL 33715
	 	 	 
	By: /s/ William O’Neill	 	 
	Signature	 	 
	April 26, 2022

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