Document:

EX-10.1

 Exhibit 10.1 

SIENTRA, INC. 

EMPLOYMENT AGREEMENT 

Andrew Schmidt 
 This
Executive Employment Agreement (the “Agreement”), made between Sientra, Inc., a Delaware company (the “Company”), and Andrew Schmidt (“Executive”) (collectively, the “Parties”), and
shall be effective as of July 12, 2021 (the “Effective Date”). 
 WHEREAS, the Company desires to employ
Executive pursuant to the terms, provisions and conditions set forth in this Agreement; and 
 WHEREAS, Executive desires to accept
his employment on the terms, provisions and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the
promises and the mutual covenants herein contained, the Parties hereby agree as follows: 
 1. Employment by the Company. 

1.1 Position. Executive shall serve as Chief Financial Officer, Senior Vice President, and Treasurer of the Company. During the
term of Executive’s employment with the Company, Executive will devote Executive’s diligent efforts to the business of the Company. 

1.2 Duties and Location. Executive shall perform such duties as are required by the Company’s Chief Executive Officer, to
whom Executive will report. Executive’s primary office location shall be the Company’s Santa Barbara office. The Company reserves the right to reasonably require Executive to perform Executive’s duties at places other than
Executive’s primary office location from time to time, and to require reasonable business travel. Executive shall devote substantially all of Executive’s business time and attention to the performance of Executive’s duties hereunder,
except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company’s general employment policies. Executive shall not engage in any other business, profession or occupation for compensation or
otherwise that would conflict or interfere with the rendition of services to the Company, either directly or indirectly; provided that nothing in this Agreement shall preclude Executive from (i) managing personal investments,
(ii) serving on civic or charitable boards or committees, (iii) engaging in business or professional activities for compensation from a third party, for 40 or fewer hours per calendar year, so long as such activities do not compete with
the Company, and (iv) with the prior approval from the Chief Executive Officer (not to be unreasonably withheld or delayed), serving on the board of directors of one other for-profit company that does not
compete with the Company, so long as all such activities described in clauses (i) through (iv) herein do not materially interfere with the performance of Executive’s duties and responsibilities under this Agreement. Executive has provided
to the Chief Executive Officer a written list of all boards of directors (whether for-profit or non-profit) of which he is a member. 

1.3 Policies and Procedures. The employment relationship between the Parties shall be governed by the general employment policies
and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control. Executive’s employment constitutes “at-will” employment and the employment relationship may be terminated by the Company or Executive at any time, with or without notice, subject to the provisions of this Agreement. 

  
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 2. Compensation. 

2.1 Salary. As of the Effective Date, Executive’s base salary is payable at the annualized rate of $365,000 per year (the
“Base Salary”), subject to standard payroll deductions and withholdings and payable in accordance with the Company’s regular payroll schedule. 

2.2 Performance Bonus. For each full calendar year during the Executive’s employment, Executive will be eligible to earn a
performance bonus of up to 50% of the Executive’s Base Salary (the “Performance Bonus”) based upon the following criteria: (i) attainment of corporate objective(s) according to the milestones as determined by the Compensation
Committee of the Board of Directors (the “Committee”) and communicated to the Executive in writing; and (ii) attainment of personal performance objectives according to the milestones as determined by the Chief Executive Officer in
consultation with the Committee and communicated to the Executive in writing. The achievement of and amount of the Performance Bonus as measured by the foregoing criterion shall be determined by the Committee in its sole and absolute discretion. For
the 2021 partial year period, the Performance Bonus as will be paid on a pro-rata basis to the extent that it is determined by the Committee to have been earned based on the criteria as previously established
by the Committee. Any subsequent year Performance Bonus criteria will be determined by the Committee and shall supersede any prior criteria. Executive must remain an active employee through and including the end of any given Performance Bonus
determination period and any such bonus will be paid on or before February 15 of the year following the year in which the Executive’s right to such amount became vested. Executive will not be eligible for, and will not earn, any
Performance Bonus (including any prorated amounts) if Executive’s employment terminates for any reason before the end of the calendar year, except as expressly contemplated in in this Agreement. 

2.3 Equity Award. Subject to the approval of the Board or the Committee, and as an inducement to enter into this Agreement,
Executive shall be granted Restricted Stock Units (“RSUs”) valued at $350,000 as of the Effective Date based on the moving stock average price of Sientra shares in the sixty (60) days prior to the Effective Date. The number of
RSUs calculated in accordance with this section shall be fixed as of the Effective Date and shall vest over three (3) years in three (3) equal installments as follows: (i) one-third (1/3) shall
vest on the first anniversary of the vesting calculation date; (ii) one-third (1/3) shall vest on the second anniversary of the vesting calculation date; and (iii) the remaining one-third (1/3)shall vest on the third anniversary of the vesting calculation date, subject to your execution of Company’s standard RSU agreements and your continued service with the Company. The RSUs shall be
governed by the RSU agreement and related equity incentive plan of the Company, respectively. 
 2.4 Company Benefits.
Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its senior
executive employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time. 

3. Paid Time Off. Executive shall be entitled to accrue and use paid time off in accordance with the terms of the Company’s
policies and practices, however, that in no event will Employee’s paid time off accrual rate be lower than thirteen and thirty-three (13.33) hours per month. 

4. Expenses. The Company will reimburse Executive for reasonable travel, entertainment, or other expenses incurred by Executive
in furtherance or in connection with the performance of Executive’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time. 

  
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 5. Termination of Employment; Severance. 

5.1 At-Will Employment. Executive’s employment relationship is at-will. Either Executive or the Company may terminate the employment relationship at any time, with or without Cause or advance notice. 

5.2 Termination; Resignation; Death or Disability. 

(a) The Company may terminate Executive’s employment with the Company at any time with or without Cause (as defined below). Further,
Executive may resign at any time, with or without Good Reason (as defined below). Executive’s employment with the Company may also be terminated due to Executive’s death or disability. 

(b) Except as provided in Section 5.3 and Section 5.4 below, if Executive resigns or the Company terminates Executive’s
employment, or upon Executive’s death or disability, then (i) Executive will no longer vest in any equity awards, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately, and
(iii) Executive will not be entitled to any severance benefits. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each
effective on the date of termination. 
 5.3 Termination without Cause. In the event Executive’s employment with the
Company is terminated by the Company without Cause (and other than as result of death or disability), then provided such termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h), without regard to any alternative definition thereunder, a “Separation from Service”), and provided that Executive remains in compliance with the terms of this Agreement,
the Company shall provide Executive with the following severance benefits (collectively, the “Severance Benefits”): 

(a) The Company shall pay Executive, an amount equal to (i) twelve (12) months of Executive’s then-current Base Salary paid
in equal installments on the Company’s normal payroll schedule over the twelve (12) month period immediately following the date of Separation from Service, and (ii) a lump sum payment equal to the
pro-rata portion, if any, of the then-current Performance Bonus earned as of the date of Separation from Service as measured by both Company and individual performance. 

(b) Provided that Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums to
continue Executive’s coverage (including coverage for eligible dependents, if applicable) (“COBRA Premiums”) through the period (the “COBRA Premium Period”) starting on the Executive’s Separation from
Service and ending on the earliest to occur of: (i) twelve (12) months following Executive’s Separation from Service; (ii) the date Executive becomes eligible for group health insurance coverage through a new employer; or
(iii) the date Executive ceases to be eligible for COBRA continuation coverage for any reason, including plan termination. In the event Executive becomes covered under another employer’s group health plan or otherwise cease to be eligible
for COBRA during the COBRA Premium Period, Executive must immediately notify the Company of such event. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial
risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly payment in an amount equal to the monthly COBRA premium
that Executive would be required to pay to continue Executive’s group health coverage in effect on the date of Executive’s employment termination (which amount shall be 

  
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based on the premium for the first month of COBRA coverage), which payments shall be made on the last day of each month regardless of whether Executive elects COBRA continuation coverage and
shall end on the earlier of (x) the date upon which Executive obtains other employment or (y) the last day of the 12th calendar month following Executive’s Separation from Service date. 

5.4 Termination in Connection with Change in Control. If Executive is terminated without Cause (and other than as result of death
or disability) or Executive resigns for Good Reason immediately prior to the closing of a Change in Control (as defined below) or within twelve (12) months following the closing of a Change in Control, such termination qualifies as a Separation
from Service, and provided that Executive remains in compliance with the terms of this Agreement, then Executive will be entitled to all of the Severance Benefits provided for in Section 5.3 above, and 100% of all of Executive’s
then-outstanding unvested Company equity awards will accelerate and will be deemed vested and exercisable as of Executive’s Separation from Service. In addition, if an acquiror does not assume or continue Executive’s then unvested Company
equity awards in connection with a Change in Control that also represents a Corporate Transaction (as defined in the Company’s 2014 Equity Incentive Plan), then all such awards shall accelerate in full and will be deemed vested and exercisable
as of the closing of the Corporate Transaction. 
 6. Conditions to Receipt of Severance Benefits. The receipt of the Severance
Benefits provided in Section 5.3 and Section 5.4 above will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Separation
Agreement”) within the time period set forth therein, which shall not exceed 50 days from the date of Executive’s Separation from Service (the “Release Period”). No Severance Benefits will be paid or provided until the
Separation Agreement becomes effective. If the Release Period described in the preceding sentence spans two calendar years, then payment of Severance Benefits will in any event commence in the second calendar year to the extent required to comply
with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director
with the Company and any of its affiliates, each effective on the date of termination. 
 7. Section 409A. It is intended that
all of the severance benefits and other payments payable under this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Code Section 409A provided under Treasury Regulations
1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9), and this Agreement will be construed to the greatest extent possible as
consistent with those provisions, and to the extent no so exempt, this Agreement (and any definitions hereunder) will be construed in a manner that complies with Section 409A. For purposes of Code Section 409A (including, without
limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement (whether severance payments, reimbursements or
otherwise) shall be treated as a right to receive a series of separate payments and, accordingly, each installment payment hereunder shall at all times be considered a separate and distinct payment. Notwithstanding any provision to the contrary in
this Agreement, if Executive is deemed by the Company at the time of Executive’s Separation from Service to be a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i), and if any of the payments upon Separation from
Service set forth herein and/or under any other agreement with the Company are deemed to be “deferred compensation”, then to the extent delayed commencement of any portion of such payments is required in order to avoid a prohibited
distribution under Code Section 409A(a)(2)(B)(i) and the related adverse taxation under Section 409A, such payments shall not be provided to Executive prior to the earliest of (i) the expiration of the six-month period measured from the date of Executive’s Separation from Service with the Company, (ii) the date of Executive’s death or (iii) such earlier date as permitted under Section 409A
without the imposition of adverse taxation. Upon the first business day following the expiration of such time period, all payments deferred pursuant to this Paragraph shall be paid in a lump sum to Executive, and any remaining

  
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payments due shall be paid as otherwise provided herein or in the applicable agreement. No interest shall be due on any amounts so deferred. 

8. Parachute Payments. If any payment or benefit (including payments and benefits pursuant to this Agreement) that Executive
would receive in connection with a Change in Control from the Company or otherwise (“Transaction Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and
(ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Company shall cause to be determined, before any amounts of the Transaction Payment are paid to
Service Provider, which of the following two alternative forms of payment would result in Service Provider’s receipt, on an after-tax basis, of the greater amount of the Transaction Payment
notwithstanding that all or some portion of the Transaction Payment may be subject to the Excise Tax: (1) payment in full of the entire amount of the Transaction Payment (a “Full Payment”), or (2) payment of only a part of
the Transaction Payment so that Service Provider receives the largest payment possible without the imposition of the Excise Tax (a “Reduced Payment”). For purposes of determining whether to make a Full Payment or a Reduced Payment,
the Company shall cause to be taken into account all applicable federal, state and local income and employment taxes and the Excise Tax (all computed at the highest applicable marginal rate, net of the maximum reduction in federal income taxes which
could be obtained from a deduction of such state and local taxes). If a Reduced Payment is made, (x) Executive shall have no rights to any additional payments and/or benefits constituting the Transaction Payment, and (y) reduction in
payments and/or benefits shall occur in the manner that results in the greatest economic benefit to Executive as determined in this paragraph. If more than one method of reduction will result in the same economic benefit, the portions of the
Transaction Payment shall be reduced pro rata. Unless Executive and the Company otherwise agree in writing, any determination required under this section shall be made in writing by the Company’s independent public accountants (the
“Accountants”), whose determination shall be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this section, the Accountants may make reasonable assumptions
and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. Executive and the Company shall furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a determination under this section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this section as well
as any costs incurred by Executive with the Accountants for tax planning under Sections 280G and 4999 of the Code. 
 9. Definitions.

 9.1 Cause. For purposes of this Agreement, “Cause” for termination will mean: (a) Executive’s
willful failure substantially to perform his duties and responsibilities to the Company or willful, material violation of a policy of the Company; (b) Executive’s commission of any act of fraud, embezzlement, dishonesty or any other
willful misconduct that has caused or is reasonably expected to result in material injury to the Company; (c) Executive’s willful breach of any of his obligations under any written agreement or covenant with the Company;
(d) Executive’s material and willful violation of a federal or state law or regulation applicable to the business of the Company; and (e) Executive’s conviction or plea of guilty or no contest to a felony. 

9.2 Change in Control. For purposes of this Agreement, “Change in Control” shall have the meaning provided in
the Company’s 2014 Equity Incentive Plan. 
 9.3 Good Reason. For purposes of this Agreement, Executive shall have
“Good Reason” for resignation from employment with the Company if any of the following actions are taken by the Company without Executive’s affirmative prior written consent to such adverse change (which

  
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specifically acknowledges Executive’s waiver of the Good Reason condition with respect to the individual action that would otherwise form the basis of a resignation for Good Reason): (a) a
material reduction in Executive’s base salary of 10% or more in the aggregate during the 12-month period following the closing of a Change in Control; (b) a material reduction in Executive’s
duties (including responsibilities and/or authorities), provided, however, that a change in job position (including a change in title) shall not be deemed a “material reduction” in and of itself unless Executive’s new duties
are materially reduced from the prior duties; or (c) relocation of Executive’s principal place of employment to a place that increases Executive’s one-way commute by more than fifty
(50) miles as compared to Executive’s then-current principal place of employment immediately prior to such relocation. In order to resign for Good Reason, Executive must provide written notice to the Company’s Chief Executive Officer
within 30 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for Executive’s resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event
is not reasonably cured within such period, Executive must resign from all positions Executive then holds with the Company not later than 60 days after the expiration of the cure period. 

10. Proprietary Information Obligations. Regardless of the reason of Executive’s termination of employment with the Company,
Executive will continue to comply with the Employee Confidentiality, Inventions and Non-Interference Agreement entered into in connection with the commencement of his employment with the Company (the
“Confidentiality Agreement”). 
 11. No Adverse Interests. Executive agrees not to acquire, assume or
participate in, directly or indirectly, any position, investment or interest known to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 

12. Non-Solicitation. Executive agrees that during the period of employment with the
Company and for twelve (12) months after the date Executive’s employment is terminated for any reason, Executive will not, either directly or through others, solicit or encourage or attempt to solicit or encourage any employee, independent
contractor, or consultant of the Company to terminate his or her relationship with the Company in order to become an employee, consultant or independent contractor to or for any other person or entity. 

13. Dispute Resolution. To ensure the timely and economical resolution of disputes that may arise in connection with
Executive’s employment with the Company, Executive and the Company agree that any and all disputes, claims, or causes of action arising from or relating to the enforcement, breach, performance, negotiation, execution, or interpretation of this
Agreement, Executive’s employment, or the termination of Executive’s employment, including but not limited to statutory claims, shall be resolved to the fullest extent permitted by law by final, binding and confidential arbitration, by a
single arbitrator, in Los Angeles, California, conducted by JAMS, Inc. (“JAMS”) under the then applicable JAMS rules (which can be found at the following web address: http://www.jamsadr.com/rulesclauses). By agreeing to this
arbitration procedure, both Executive and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. The Company acknowledges that Executive will have the right to be represented by legal
counsel at any arbitration proceeding. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written
arbitration decision, to include the arbitrator’s essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies that Executive or the Company would be entitled to seek in a
court of law. The Company shall pay all JAMS’ arbitration fees in excess of the amount of court fees that would be required of the Executive if the dispute were decided in a court of law. Nothing in this Agreement is intended to prevent either
Executive or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. Any awards or orders in 

  
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such arbitrations may be entered and enforced as judgments in the federal and state courts of any competent jurisdiction. 

14. General Provisions. 

14.1 Notices. Any notices provided must be in writing and will be deemed effective upon the earlier of personal delivery
(including personal delivery by fax) or the next day after sending by overnight carrier, to the Company at its primary office location and to Executive at the address as listed on the Company payroll. 

14.2 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction to the extent possible in keeping with the intent of the parties. 

14.3 Waiver. Any waiver of any breach of any provisions of this Agreement must be in writing to be effective, and it shall not
thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement. 
 14.4
Complete Agreement. This Agreement, together with the Confidentiality Agreement, constitutes the entire agreement between Executive and the Company with regard to this subject matter. It supersedes all previous agreements and understandings
between the parties with respect to the subject matter hereof and is the complete, final, and exclusive embodiment of the Parties’ agreement with regard to this subject matter. This Agreement is entered into without reliance on any promise or
representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Agreement cannot be modified or amended except in a writing signed by a duly authorized
officer of the Company. 
 14.5 Counterparts. This Agreement may be executed in separate counterparts, any one of which need
not contain signatures of more than one party, but all of which taken together will constitute one and the same Agreement. 
 14.6
Headings. The headings of the paragraphs hereof are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning thereof. 

14.7 Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive and
the Company, and their respective successors, assigns, heirs, executors and administrators, except that Executive may not assign any of his duties hereunder and he may not assign any of his rights hereunder without the written consent of the
Company, which shall not be withheld unreasonably. 
 14.8 Tax Withholding and Indemnification. All payments and awards
contemplated or made pursuant to this Agreement will be subject to withholdings of applicable taxes in compliance with all relevant laws and regulations of all appropriate government authorities. Executive acknowledges and agrees that the Company
has neither made any assurances nor any guarantees concerning the tax treatment of any payments or awards contemplated by or made pursuant to this Agreement. Executive has had the opportunity to retain a tax and financial advisor and fully
understands the tax and economic consequences of all payments and awards made pursuant to the Agreement. 

  
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 14.9 Choice of Law. All questions concerning the construction, validity and
interpretation of this Agreement will be governed by the laws of the State of California. 
 [SIGNATURES APPEAR ON NEXT PAGE] 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year indicated below.

  

			
	SIENTRA, INC.
		
	By:	 	 /s/ Ron Menezes

		 	Ron Menezes
		 	President and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/Andrew Schmidt

	Andrew Schmidt

 [Signature Page to Employment Agreement – Andrew Schmidt]Exhibit 10.15

 

EXCLUSIVE
TERRITORY LICENSING AGREEMENT

 

This
Exclusive Territory Platform Licensing Agreement with Joint Distribution Outside Exclusive Territory (this "Agreement") is
entered into on May 27, 2021 ("Effective Date") between Noble Vici Group, Inc. ("NVGI") and Accell
Technologies, Inc. ("Accell"). Each of NVGI and Accell may be referred to herein as a "Party" and
collectively as the "Parties."

 

RECITALS

 

A.           
NVGI develops software and is marketing exclusively or predominantly in Asia telecommunication products and services including
but not limited to Ecommerce Aggregator, Reward Adtech, AIM system and Delivery Services (the "Platform"). A full description
of the current functions included in the Platform and its Intellectual Property is attached as Exhibit 1.

 

B.            
Accell develops software and marketing telecommunications products and services, which it develops or licenses to mobile
telecommunications operators throughout North and South America.

 

C.             The
Parties enter into this Agreement to capitalize on their respective synergies. AGREEMENT

 

1.             
Territory. NVGI grants Accell the exclusive license to use, market, and sell the Platform, including the
right to sub-license to non-affiliated third-parties, and to grant such third parties rights to further sub-license to their customers,
subscribers, employees or other users ("Accell License") in the following geographic region ("Accell Territory"):
All continents of North America and South America, including all the islands in the Caribbean Sea, including the US unincorporated territory
of Puerto Rico. As of 2020, the total population in Latin America is more than 650 million people.

 

2.             
Term. Due to the investment by Accell, the Term of the License granted to Accell in this Agreement is ten years
from the Effective Date (the "Commencement Date"). Accell shall have one year from the Commencement Date to develop
marketing strategies and commence sales activities (the "Rollout Period").

 

3.             
Royalties. Within the Accell Territory and for revenue Accell receives from its clients for distribution
of the Platform, Accell shall pay NVGI or its subsidiaries, a royalty of 10% of the gross revenue paid by each client or
per country, not to exceed 20% of EBITDA per country within the territory (the "Royalty"), whichever amount is higher. The
Royalty shall be paid to NVGI or its subsidiaries quarterly within 30 days from March 31, June 30, September 30 and December 31
of each year within the Term. Accell shall submit with each Royalty Payment a report summarizing its gross revenues and (if applicable)
expenses comprising EBITDA. As a requirement to start the licensing works, a one-time set up fee ("Setup Fee") of USDXXXX per
country for cloud installation and access fee will be required. In addition to the Setup Fee, a one-time core integration fee ("Core
Fee") to cover Engineers and Developers Technicians for actual integration of the software platform with the Telecom/Carrier Clients.
Core Fee shall be based on reimbursement at costs basis and to be confirmed and agreed upon. A yearly software maintenance and upgrade
fees of USDXXXX for each country will also be separately charged.

 

4.            
Branding. Accell shall have the right to market the Platform, including white label of any tangible components,
literature, brochures and copyright material as "Accell Technologies, powered by NVGI," or any similar branding
verbiage.

 

5.            
Protection of Intellectual Property. Accell shall have the right but not the obligation to file and prosecute in
any country within the Accell Territory all means of protection of Intellectual Property ("IP Protection"). Accell shall
be entitled to deduct the direct costs associated with IP Protection (including fees of attorneys and country registration fees) from
future Royalty payments. NVGI shall regularly inform Accell of any upgrades, updates, or developments in the Platform constituting
Intellectual Property, and shall cooperate with Accell in all IP Protection initiated by Accell. Accell shall regularly
inform NVGI of the status of any NVGI's IP Protection or any election not to pursue IP Protection.

 

 

 

    	 	1	 

     

    

 

6.            
NVGI Assistance. Upon request, NVGI shall make available to Accell-NVGI's worldwide software,
application and content development team, to assist with customizing and integrating the Platform on behalf of Accell or its clients.
Such utilization shall be at Accell's expense but at NVGI's direct cost pricing without mark-up.

 

7.            
Confidentiality. Throughout the Term, each Party may disclose Confidential Information to the other Party. As used in this
Agreement, "Confidential Information" means all nonpublic information disclosed by either Party (the "Disclosing Party")
or its Affiliates, or their respective directors, officers, employees and agents, to the other Party (the "Receiving Party")
or its Personnel (as defined below) hereunder in connection with the subject matter of this Agreement that is designated as confidential
or that, given the nature of the information or the circumstances surrounding its disclosure, reasonably should be considered as confidential,
including, without limitation: (i) nonpublic information relating to the Disclosing Party's technology, customers, business plans, promotional
and marketing activities, finances and other business affairs; (ii); third-party information that the Disclosing Party identifies as
confidential; and (iii); the nature, content and existence of any discussions or negotiations regarding the terms of this Agreement.
The Receiving Party may use Confidential Information only in pursuance of the Purpose. Except as expressly provided in this Agreement,
the Receiving Party shall not disclose Confidential Information to anyone, other than its Personnel, without the prior written consent
of the Disclosing Party. The Receiving Party shall take reasonable measures to avoid unauthorized disclosure, dissemination or use of
Confidential Information in breach of this Agreement, including, at a minimum, those measures it takes to protect its own confidential
information of a similar nature. The Receiving Party may disclose Confidential Information to its Affiliates and its and their respective
directors, officers, employees, consultants, advisors, attorneys and/or accountants (such individuals receiving Confidential Information
hereunder, collectively, "Personnel"), who have a need to know Confidential Information in connection with the Purpose. The
Receiving Party will ensure that its Personnel comply with this Agreement.

 

8.             
Representations and Warranties. Each Party represents and warrants to the other Party the matters contained in sub-Sections
8(a)-(c), and NVGI warrants and represents to Accell the matters contained in sub-Sections 8(d)-(e), respectively, as follows:

 

(a)           
Organization and Business; Power and Authority; Effect of Transaction. Such Party is
a corporation, duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and is duly
qualified to do business and is in good standing in each jurisdiction where the ownership or operation of its assets or conducting its
business requires such qualification. Such Party has all requisite power and authority necessary to enable it to execute and deliver,
and to perform its obligations under this Agreement. The execution, delivery and performance of this Agreement will not (i) conflict
with, or result in a breach or violation of, or constitute a default under, any corporate governance document of such Party or any law
to which such Party is subject, (ii) result in a breach of, constitute a default under, result in the acceleration of, create in any
person the right to accelerate, terminate, modify or cancel, or require any consent or notice under any agreement, contract, lease, license,
instrument or other arrangement to which such Party is a party or by which it is bound.

 

(b)           
Legal Actions; Compliance with Laws. There are (a) no legal actions of any kind pending
or to the knowledge of such Party, threatened, that would reasonably be expected to impair such Party's ability to perform its obligations
under this Agreement. Such Party has not received any notification from any governmental authority of any asserted present or past failure
to comply in any material respect with any laws or orders to which such Party is subject, and there is no pending or, to the knowledge
of such Party, threatened investigation of any sort against such Party. Such Party possesses all material governmental authorizations
that are necessary for the operation of its business.

 

(c)           
Bankruptcy Matters. Such Party has not (a) changed its name or suspended its business,
(b) had proceedings pending or threatened by or against it in bankruptcy or reorganization in any court, (c) resolved or otherwise agreed
to file a case in bankruptcy or reorganization in any court, or

(d) 
admitted in writing its inability to pay its debts as they become due. Such Party is, and after giving effect to the transactions
contemplated in this Agreement will be, solvent.

 

(d)           
Intellectual Property. NVGI owns or holds valid licenses over all Intellectual
Property associated with the Platform (the "Platform IP") without any known conflict with, or infringement of, the rights of
others. No product or service marketed or sold (or proposed to be marketed or sold) by NVGI associated with the Platform IP violates
or will violate any license or infringes or will infringe any intellectual property rights of any other Person. Other than with respect
to (1) commercially available software products under standard end-user object code license agreements, and (2) rights granted pursuant
to this Agreement, NVGI has not granted and there are no outstanding options, licenses, agreements, claims, encumbrances or shared
ownership interests of any kind relating to the Platform IP within the Accell Territory, nor is NVGI bound by or a party
to any options, licenses or agreements of any kind with respect to the patents, trademarks, service marks, trade names, copyrights, trade
secrets, licenses, information, proprietary rights and processes of any other Person. NVGI has not received any communications
alleging that it has violated or, by conducting its business, would violate any of the patents, trademarks, service marks, tradenames,
copyrights, trade secrets, mask works or other proprietary rights or processes of any other Person. To NVGI's knowledge, it will
not be necessary for NVGI to use any inventions of any employee or consultant (or Persons either currently intends to hire) made
prior to the employment of such person by NVGI. All employees and consultants have granted NVGI ownership of any inventions
developed as a result of their work on behalf of NVGI.

 

 

 

    	 	2	 

     

    

 

(e)           
Efficacy of the Platform. The attributes of the Platform currently and at all future
times will perform to at least the standards described in Exhibit 1.

 

9.             
Indemnification. Each Party agrees to indemnify and hold harmless each other Party, and their respective employees, agents,
affiliates, successors and assigns, from and against any and all claims, actions, causes for action, judgments, violations, demands,
costs and expenses incurred by the Party indemnified resulting from any act, omission, failure to act, breach or violation of the indemnifying
Party, including, but not limited to as a result of breach of any representation or warranty, or failure to perform any obligation under
this Agreement

 

10.           
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California,
without resort to California's conflict-of-laws rules.

 

11.           
Dispute Resolution. If a dispute arises relating to the interpretation, enforcement or termination of this Agreement, including
claims for breach of contract, breach of the covenant of good faith and fair dealing, or any other claims ("Dispute"), the
Parties shall attempt in good faith to settle the Dispute through mediation conducted by a mediator to be mutually selected by the Parties.
The Parties shall share the costs of the mediator equally. Each Party shall cooperate fully and fairly with the mediator to reach a mutually
satisfactory compromise of the Dispute. If the Dispute is not resolved within thirty (30) days after it is referred to the mediator,
it shall be resolved through final and binding arbitration. Binding arbitration shall be conducted by the Judicial Arbitration and Mediation
Services, Inc. ("JAMS"), sitting in Orange County, California, for resolution by a single arbitrator acceptable to both Parties.
If the Parties fail to agree to an arbitrator within ten (10) days of a written demand for arbitration being sent by one Party to the
other Party, then JAMS shall select the arbitrator according to the JAMS Rules for Commercial Arbitration. The arbitration shall be conducted
pursuant to the California Code of Civil Procedure and the California Code of Evidence. The award of such arbitrator shall be final and
binding on the Parties. The arbitration award may be entered as a judgment and enforced by any court of competent jurisdiction.

 

12.           
Injunctive Relief. Notwithstanding the Dispute Resolution procedures described in Section 11, if a Party believes in good
faith that damages may be an inadequate remedy in the event of a breach or threatened breach by the Party, and that any such breach or
threatened breach may cause irreparable injury and damage, such Party shall be entitled to seek injunctive relief in any court of competent
jurisdiction. To the maximum extent allowable by law, such court shall grant solely such injunctive relief as is necessary to maintain
the status quo and shall direct the Parties to resolve all other aspects of the Dispute through the Dispute Resolution mechanism described
in Section 11. If the court determines that the Party seeking injunctive relief did not have a good faith basis to seek injunctive relief,
it shall award the other Party attorney fees in accordance with Section 13.

 

13.           
Attorney Fees. In connection with any Dispute Resolution (including Injunctive Relief or for entry or enforcement of any
judgment of an arbitration award), the prevailing Party shall be entitled to recover from the non-prevailing party its reasonable attorney
fees, fees of expert witnesses, filing and administrative fees, arbitrator fees, and other out-of-pocket costs (collectively "Dispute
Fees") that Party has incurred in connection with the Dispute, all in such amounts as are determined to be reasonable by the arbitrator
or court awarding Dispute Fees. In determining which is the prevailing Party, the arbitrator or court shall compare the relief sought
to the relief obtained by each Party, and for this limited purpose may consider any settlement offers made and rejected by each Party.
In determining the reasonableness of Dispute Fees to be awarded, the arbitrator or court may consider the corresponding Dispute Fees
incurred by the other Party.

 

14.           
Notices. All notices, requests and demands to or upon a Party shall be in writing and shall be sent: (i) certified or registered
mail, return receipt requested; (ii) by personal delivery against receipt; (iii) by overnight courier; or (iv) by electronic facsimile
or email, with confirmation of receipt. All notices shall be to the physical or email addresses set forth below the Parties' signatures
at the end this Agreement. Either Party may, from time to time, change such address by giving the other Party notice of such change in
accordance with this Section.

 

15.           
Partial Invalidity. If a provision of this Agreement is determined to be invalid under any applicable law, such invalidity
shall not affect any other provision of this Agreement that can be given effect without the invalid provision.

 

 

 

    	 	3	 

     

    

 

16.           
No Waiver. Any failure by either Party to require the other Party's strict performance of any provision of this Agreement
shall not constitute a waiver of its right to subsequently enforce such provision or any other provision of this Agreement.

 

17.           
No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and their respective successors and
permitted assigns. No other party shall be a third-party beneficiary to, or otherwise acquire or have any rights under this Agreement.

 

18.           
Integration; Interpretation; Amendment. This Agreement constitutes the entire agreement between the Parties relating to
the matters discussed herein and supersedes all prior oral or written communications, understandings and agreements between the Parties
hereto. Each Party has participated in the negotiation of the terms of this Agreement and has had an opportunity to consult with attorneys
of its choosing, such that the Agreement shall not be interpreted strictly in favor of or against either Party. The Recitals of this
Agreement constitute substantive provisions. This Agreement may be amended or modified only in a writing signed by both Parties.

 

19.           
Counterparts. This Agreement may be executed by facsimile and in counterpart copies. This Agreement becomes effective when
both Parties have signed and delivered a signed counterpart to the other Party.

 

 

	NOBLE VICI GROUP, INC.	 	ACCELL TECHNOLOGIES, INC.
	 	 	 
	 	 	 
	By /s/ Eldee Tang              	 	By /s/ George Alvarez              
	Eldee Tang, its Director	 	George Alvarez, its Director
	 	 	 
	Address for Notice:	 	Address for Notice:
	45 Ubi Crescent	 	1494 Union Street, Suite 1002
	Singapore 408590	 	San Diego, CA 92101
	Email: eldee.tang@noblevici.com	 	Email: galvar@axyum.net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	4	 

     

    

 

Exhibit
1

 

		1)	Online Deals - V-MORE Ecommerce

		i)	An eCommerce
                                            aggregating platform that consolidates and links to an ever-growing list of leading eCommerce
                                            sites, driving traffic, users and sales to them.

		·	V-MORE
                                            earns a percentage of the successful sales and transactions driven to these different eCommerce
                                            sites.

 

		ii)	Facilitates
                                            small and medium-sized businesses such as eateries and shops in their digitalization, increase
                                            their reach, visibility and sales through targeted promotions and e-voucher sales on V- MORE.

		·	V-MORE
                                            charges only a 10% fee on successful e-voucher sales.

 

		2)	Cloud - AIM System (Advertising
                                            Incentive Marketing)

		i)	Allow eCommerce
                                            sites and e-voucher providers to advertise and promote their offers on the platform through
                                            trackable referral links.
	 	 	 
	 	ii)	Referrers earn a percentage (rebate points) from
                           their referees’ purchases of e-vouchers perpetually.

		·	Users
                                            are motivated and incentivized to promote and share the benefits of utilizing the V-MORE
                                            platform or purchase specific V-MORE featured products or services more effectively than
                                            merely relying on word-of-mouth.

 

		3)	Offline Deals - IoT-Enabled Reward
                                            AdTech

		i)	V-MORE online
                                            advertising features can also be mirrored onto out-of-home (OOH) advertising digital panels
                                            at bus stops or other high traffic public areas.
	 	 	 
	 	ii)	Advertiser and promoter can also put up advertising
                           and promotion on these OOH digital panels to drive proximity-based sales or increase visibility and footfall
                           to nearby retailers.

 

		iii)	Nearby retailers
                                            and eateries promotions will be uploaded as e-vouchers, allowing more users to access to
                                            more deals and help in reducing their cost of living.

 

		iv)	More users can be acquired through
                                            this method.

 

		4)	Fulfillment - Delivery Services

	 	i)	last-mile delivery tracking systems.
	 	 	 
	 	ii)	Applicable for purchases made on V-MORE:

		·	Users
                                            – Convenience and safe

		·	Riders
                                            and deliverymen - Job creation benefitting the unemployed or low-income earners

 

		iii)	Riders and
                                            deliverymen may supplement their income with recurring referral fees when they sign up businesses
                                            to advertise on V-MORE.

 

 

 

    	 	5

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