Document:

Exhibit 10.21

 

VENDOR
AGREEMENT

 

This
vendor agreement is dated 1st of July, 2017, and is between TEMPUS APPLIED SOLUTIONS HOLDINGS, INC. (“Company”),
and SANTIAGO BUSINESS CO., INTERNATIONAL LTD., a limited company registered in British Virgin Islands (“Vendor”).
This Agreement will supersede any previous Agreements.

 

Company
has a need for a Chief Financial Officer (CFO) and the vendor hereby agrees to provide the Company with the services of Mr. Johan
Aksel Bergendorff, to conduct the required services of a CFO (“Services”).

 

The
parties therefore agree as follows.

 

	1.	SERVICES
                                         and PAYMENT

 

	1.1	Services.
                                         The services contemplated in this agreement are as specified in the preamble. At all
                                         times, services will be rendered with the supervision of Scott Terry, CEO.

 

	1.1	Fee.
                                         In consideration of performing the Services, Vendor will be paid a monthly rate of $12,500
                                         (twelve thousands and five hundred dollars and No Cents).

 

	1.2	Expenses.

 

1.2.1       If
Johan Aksel Bergendorff is required to travel to provide services in connection with this agreement, the Company reimburse for
reasonable costs related to hotel, transportation, meals and vehicle rental.

 

1.2.2       Vendor
will provide all receipts and documentation to support these expenditures.

 

1.2.3       Vendor’s reimbursement will be limited by the terms of any applicable contract or other authority.
Company will communicate any reimbursement limitations to the Vendor.

 

	1.3	Invoices.
                                         Following the conclusion of each month that Vendor provides services in connection with
                                         this agreement, Vendor will remit an itemized invoice to the Company, including all applicable
                                         receipts. The Company will pay Vendor within thirty (30) days of the receipt of an undisputed
                                         invoice.
	 	 
	2.	TERM
                                         and TERMINATION
	 	 
	2.1	Term.
                                         The term of this agreement is for one (1) year unless earlier terminated or extended
                                         by the parties to this agreement. Extension of this agreement must meet the requirements
                                         of Section 7.8 below. The Services will commence as per Company’s 8-k filing, June
                                         11, 2017. The Vendor will invoice for the services starting July 1, 2017.

 

	2.2	Termination
                                         for Convenience. The Company may terminate this agreement upon five (5) days written
                                         notice to Vendor.

 

	2.3	Liability
                                         Upon Termination. Following termination of this agreement, Company’s liability
                                         to Vendor will be limited to payment for services rendered prior to termination.

 

      

     

    

 

	3	CONFIDENTIALITY

 

While
this agreement is in effect, Vendor might have access to or be exposed to information or material that is confidential, proprietary
or has commercial value or other utility to the Company or its competitors. Voluntary access to this information must be authorized
by Vendor’s supervisor, as detailed in Section 1.1 above. Vendor agrees to protect and preserve the strict confidentiality
of any such information disclosed by the Company, whether voluntary or involuntary pursuant to Exhibit A, Non-Employee Confidentiality
Agreement.

 

	4	INDEMNITY

 

Subject
to the provisions of this Agreement, Vendor agrees to defend, indemnify and hold harmless Customer and their respective directors,
officers, agents, contractors, subcontractors, invitees and employees from and against any and all liabilities, claims, actions,
damages, suits, fines, penalties or judgments for injury or death to persons and damage or destruction to property, including
any environmental claim or impairment and property damage and/or injuries to third persons (collectively, “Damages”),
arising out of the sole negligence or willful misconduct of Vendor pursuant to its performance of the Services or any other goods,
materials, Ancillary Services, or equipment provided under this agreement. The termination of this agreement shall not affect
any rights or obligations which shall have accrued prior to the effective date of such termination. The foregoing indemnity shall
survive the termination of this Agreement for a period of one (1) year.

 

	5	RELATIONSHIP
                                         OF THE PARTIES

 

This
agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, offer of employment, partnership
or formal business entity of any kind, and the rights and obligations of the parties shall be limited to those expressly set forth
herein. Vendor is an independent contractor and is solely responsible for any and all federal, state and local taxes.

 

	6	NOTICE

 

Any
notice required by this agreement shall be provided in writing and shall be delivered (i) by hand, (ii) by certified mail, postage
prepaid, return receipt requested, (iii) by electronic mail, or (iv) overnight by a nationally recognized express transportation
company, addressed as follows:

 

	 	Company:	Legal Department
	 	 	471
McLaws Circle

Williamsburg,
VA 23185

legal@tempus-as.com

 

	 	Vendor:	Santiago Business International Limited
	 	 	18
Athol Street

Douglas,
Isle of Man

IM1
1JA

 

Notice
is effective upon delivery. Either party may change its address by providing notice to the other party.

 

    	 	2	 

     

    

 

	7	MISCELLANEOUS
	 	 
	7.1	Assignment.
                                         By means of a written agreement satisfactory to the other party, each party shall require
                                         any successor to all or substantially all of its assets to assume that party’s
                                         obligations under this agreement and agree to perform them in the same manner and to
                                         the same extent that such party would have been required to if that succession had not
                                         taken place.
	 	 
	7.2	Authority.
                                         Each person signing this agreement represents that he or she is duly authorized and has
                                         legal capacity to execute and deliver this agreement. Each party represents to the other
                                         that the execution and delivery of this agreement and the performance of such party’s
                                         obligations hereunder have been duly authorized and that the agreement is a valid and
                                         legal agreement binding on such party and enforceable in accordance with its terms.
	 	 
	7.3	Choice
                                         of Law. The laws of the Commonwealth of Virginia, without giving effect to the principles
                                         of conflict of laws, govern all matters arising under this agreement, including all tort
                                         claims.
	 	 
	7.4	Counterparts.
                                         The parties may sign this agreement in several counterparts, each of which will be deemed
                                         an original but all of which together will constitute one instrument.

 

	7.5	Entire
                                         Agreement. This agreement constitutes the entire agreement of the parties and supersedes
                                         all prior communications, understandings and agreements relating to the subject matter
                                         hereof, whether oral or written.

 

	7.6	Headings.
                                         The headings used herein are for convenience only and do not define, limit or describe
                                         the scope of this agreement or the intent of the provisions herein.
	 	 
	7.7	Legal
                                         Costs. In any litigation, arbitration or other proceeding by which one party either
                                         seeks to enforce its rights under this agreement, whether in contract or tort, or seeks
                                         a declaration of any rights or obligations under this agreement, the prevailing party
                                         shall be awarded its reasonable legal costs incurred.
	 	 
	7.8	Modification.
                                         This agreement may be amended, modified or supplemented only by the mutual agreement
                                         of the parties. No amendment, modification or supplement shall be binding unless in writing
                                         and signed by an authorized representative of each party.

 

	7.9	Remedies.
                                         The rights and remedies with respect to any term or condition of this agreement shall
                                         be cumulative and not exclusive, and shall be in addition to all other rights and remedies
                                         under applicable law.

 

	7.10	Severability.
                                         If any provision of this agreement is unenforceable to any extent, the remainder of this
                                         agreement, or application of that provision to any person or circumstance other than
                                         those to which it is held unenforceable, will not be affected by that unenforceability
                                         and will be enforceable to the fullest extent permitted by law.
	 	 
	7.11	Waiver.
                                         Waiver of any provision herein shall not be deemed a waiver of any other provision herein,
                                         nor shall waiver of any breach of this agreement be construed as a continuing waiver
                                         of other breaches of the same or other provisions of this agreement.
	 	 
	7.12	Waiver
                                         of Jury Trial. Each party, to the extent permitted by law, knowingly, voluntarily
                                         and intentionally waives its right to a trial by jury in any action or other legal proceeding
                                         arising out of or relating to this agreement and the transactions contemplated herein.
                                         This waiver applies to any action or legal proceeding, whether sounding in contract,
                                         tort or otherwise.

 

    	 	3	 

     

    

 

The
parties are signing this vendor agreement on the date stated in the introductory clause.

 

	 	TEMPUS
    APPLIED SOLUTIONS, LLC
	 	 
	 	/s/ Scott
    Terry
	 	Scott Terry,
	 	CEO
	 	 
	 	Santiago
    Business Co., International Ltd.
	 	 
	 	/s/ Brian
    Hatton, for Talbot Directors Limited
	 	Sole Director,
    Santiago Business Co. International Ltd

 

    	 	4	 

     

    

 

EXHIBIT
A

 

NON-EMPLOYEE
CONFIDENTIALITY AGREEMENT

 

FOR
GOOD CONSIDERATION, and in consideration as an individual vendor, a non-employee, and continued use by Tempus Applied Solutions
Holdings Inc. (“Tempus”), I, the undersigned an individual contractor and non-employee, herby agree to the terms of
this Agreement.

 

As
a non-employee of Tempus Applied Solutions Holdings, Inc. I may have access to confidential and/o proprietary information. As
a condition to being granted such access, I agree to the following:

 

I
understand that in the course of my working relationship with Tempus I share the responsibility of maintaining the confidentiality
of any information that I may have available to me. I understand that it is my responsibility to follow Tempus policies and procedures
as they relate to the assurance of the confidentiality of information both written and verbal.

 

Computer
Systems: I understand that I may receive a unique User-Id and a personal password necessary for me to gain access to Tempus computerized
system. I understand and agree that both the User-id and my Password are for my own personal use and are not to be disclosed to
or used by third parties. If at any time, I feel that the confidentiality of my User-id or password has been compromised, I will
contact appropriate management (Tempus employee that approved your access) for direction within 24 hours.

 

Conduct
and Confidentiality: I understand that I must maintain the confidentiality of any written or verbal: terms of contracts, suppliers,
vendors, customers, Information received by Tempus from third persons to whom it owes a duty of confidence, or employee information
that I have access to or view as a result of my working relationship with Tempus, unless already exist in the public domain prior
to this agreement. I acknowledge that all Confidential Information constitutes a proprietary right which Tempus and its affiliated
organizations are entitled to protect. I understand that the release of information of any kind is only allowed by Tempus policy
guidelines. If I am uncertain or do not understand the Tempus policy guidelines, I will contact the appropriate Tempus manager
for assistance and direction within 24 hours. I agree to only release information under Tempus guidelines or as required by law.

 

I
acknowledge that all information involving terms of contracts, flight and other operations, records and employee information is
private and confidential. I agree that I shall access only that data necessary for the proper performance of my job responsibilities
under my business relationship with Tempus. I further agree to keep confidential any and all information that I access, receive
or transcribe, and not to disclose any such information to third parties. I am aware, that, unless specifically identified as
part of my job by Tempus, I am not authorized to discuss any information concerning data. I am responsible for ensuring that discussions
regarding information involving contracts, flight and other operations, records and employee information is held in appropriate
locations with only authorized individuals.

 

    	 	5	 

     

    

 

Non-solicitation:
I agree for a period of twelve (12) months after leaving Tempus, for any reason whatsoever, from the date of termination of my
employment with Tempus not to directly or indirectly solicit competitive business from any client or customer of the organization
(including any potential client of Tempus) that was contacted, solicited, or served by me or about which I received confidential
information while I was employed by Tempus. I agree not to directly or indirectly

recruit,
solicit, or otherwise induce or attempt to induce any employee of Tempus to terminate his or her employment with the Company or
otherwise to act contrary to the interests of Tempus.

 

Severability:
In the event that any provision of this Agreement or part thereof shall be deemed void, invalid, illegal or unenforceable in whole
or in part, the remaining provisions or parts shall remain in full force and effect.

 

Any
unauthorized disclosure on my part or my representatives will be a very serious offense to Tempus. Such unauthorized disclosure
may result in Tempus repossession of all of my or my representative’s access to information, Tempus may also act up to and
including termination of my business relationship with Tempus and asserting its full rights under the law.

 

WHEREFORE,
the parties acknowledge that they have read and understand this Agreement and voluntarily accept the duties and obligations set
forth herein.

 

 

6Exhibit 10.22

 

October
18, 2016

 

B.
Scott Terry

Chief
Executive Officer

Tempus
Applied Solutions Holdings, Inc.

471
McLaws Cir.

Williamsburg,
VA 23185

 

Investment
Banking Agreement

 

Dear
Mr. Terry:

 

This
letter sets forth the contractual relationship (“Agreement”) between Southwind Capital, LLC (“SOUTHWIND”)
and Tempus Applied Solutions Holdings, Inc. (“TEMPUS”) its parent, subsidiaries, affiliates, successors, equity
holders, and assigns (hereinafter collectively referred to as “Tempus”) in connection with services to be provided
by SOUTHWIND and its affiliates.

 

It
is our understanding that the focus of our activities is to assist TEMPUS in ongoing corporate development activities to include
any ‘buy’ or ’sell’ side merger and acquisition activities. The terms and conditions of this Agreement
are as follows:

 

	1.	Engagement:
    Effective upon the date of execution of this Agreement, engages SOUTHWIND for the Term (as defined below in Article
    10) of this Agreement as TEMPUS’S sole and exclusive agent, except as the parties have otherwise agreed, for the purpose
    of providing consulting services to TEMPUS, in connection with a possible Transaction (as defined below) and to the extent
    requested by TEMPUS, participating on TEMPUS’s behalf in negotiations concerning such a Transaction. TEMPUS acknowledges
    and consents that some or all of the services to be provided by SOUTHWIND hereunder may be provided by affiliates of SOUTHWIND.

 

	2.	Duties
    of SOUTHWIND: SOUTHWIND hereby accepts the engagement described in Section 1. In fulfilling this engagement, the services
    provided by SOUTHWIND will include, if appropriate or if requested by TEMPUS, the following:

 

	 	(a)	Familiarizing
    itself with TEMPUS by requesting and obtaining information from and conducting due diligence with respect to TEMPUS;

 

	 	(b)	Preparing
    descriptive materials concerning TEMPUS for the purpose of marketing TEMPUS to prospective investors;

 

	 	(c)	Developing
    and reviewing with TEMPUS a list of parties that might be interested in pursuing a Transaction with TEMPUS;

 

    	 	 	1

     

    

 

	 	(d)	Providing
    guidance to TEMPUS on the Transaction process, including employee issues, valuation, financing needs, maintenance of confidentiality,
    and other matters that may arise during the process;

 

	 	(e)	Together
    with other professional advisors, providing ongoing advice on the appropriate legal and tax structure of the
    Transaction;

 

	 	(f)	Initiating
    contact with prospective investors, merger partners or acquisition targets at the appropriate level in each organization;

 

	 	(g)	Arranging
    and preparing management briefings for prospective partners;

 

	 	(h)	Assisting
    in the analysis and negotiation of definitive letters of intent with prospective partners;

 

	 	(i)	Assisting
    TEMPUS in the due diligence process; and

 

	 	(j)	Assisting
    TEMPUS and its counsel in negotiating and executing the definitive closing documents.

 

	3.	Definitions:
    For purposes of this Agreement:

 

	 	(a)	A
    “Transaction” shall mean any possible acquisition, merger, consolidation, asset purchase, reorganization, business
    combination or sale that involves any transfer or issuance, however effected, of any securities of the Company including,
    without limitation, any notes, bonds, debt obligations or stock (whether common or preferred); and any options, warrants or
    rights to acquire the same. 

 

	 	(b)	“Consideration”
    shall include the total proceeds and other consideration paid or received or to be paid or received in connection with a Transaction
    (which consideration shall be deemed to include amounts paid into an escrow account or amounts held back by a purchaser to
    satisfy future obligations), including: (i) cash; (ii) notes, securities, and other property; (iii) liabilities, including
    debt (other than indebtedness secured by aircraft owned, used or to be used in connection with the business of the Company),
    pension, severance, and retirement liabilities and guarantees, assumed or extinguished; (iv) payments to be made in installments;
    (v) amounts payable under management, employment, or consulting agreements (that are above-market, are an alternative to payments
    for equity or do not require services normally required in market agreements), agreements not to compete or similar arrangements;
    (vi) contingent payments (whether or not related to future earnings or operations) including, without limitation, earn-outs
    or deferred performance-based payments; and (vii) dividends and distributions to stockholders and other equity holders in
    anticipation of the Financing Transaction and cash and other current assets (net of current liabilities) retained in connection
    with the Transaction. If the Consideration is paid in whole or in part in the form of securities or other non-cash forms (other
    than promissory notes, which shall be valued at the face principal amount of such notes), such Consideration shall be valued
    at the fair market value thereof on the day prior to the closing date of the Transaction; provided that, to the extent such
    Consideration consists of securities with an existing public trading market, such Consideration shall be valued at the average
    of the closing sales price for such securities on the five trading days prior to the closing date of the Transaction.

  

    	 	 	2

     

    

 

	4.	Duties
    of TEMPUS:

 

TEMPUS
shall:

 

	 	(a)	Furnish
    to SOUTHWIND the names of all parties with which TEMPUS has had discussion or contact prior to or during the Term
    hereunder concerning a possible Financing Transaction;

 

	 	(b)	Make
    available to SOUTHWIND all information concerning TEMPUS’s assets, structure, operations, financial condition, and prospects
    that SOUTHWIND reasonably requests in connection with the performance of its obligations hereunder. TEMPUS shall be responsible
    for the accuracy and completeness of all information provided by or on behalf of TEMPUS, and SOUTHWIND may rely upon such
    accuracy and completeness and shall not in any respect be responsible for the accuracy or completeness of, or have any obligation
    to verify such information. In the event that SOUTHWIND requests independent verification of any information provided by TEMPUS,
    however, then TEMPUS shall use its best efforts to provide and otherwise assist SOUTHWIND in procuring such independent verification.
    TEMPUS shall notify SOUTHWIND promptly of any material developments or matters relating to TEMPUS that occur during the Term
    of SOUTHWIND’s engagement hereunder; and

 

	 	(c)	Not
    initiate any discussions regarding a Transaction during the Term (as defined below in Article 10) hereof, except through SOUTHWIND.
    In the event that TEMPUS receives any inquiry regarding a Transaction, SOUTHWIND will be promptly informed of such inquiry
    so that it can evaluate such party and its interest in a Transaction, and assist in any resulting negotiations.

 

	5.	Compensation:
    As compensation for the services rendered by SOUTHWIND hereunder, TEMPUS shall pay SOUTHWIND as follows:

 

	 	(a)	If
    a Transaction occurs either during the Term (as defined in Article 10) hereunder or at any time during a period of 12 months
    following the effective date of termination of SOUTHWIND’s engagement hereunder, then TEMPUS shall pay to SOUTHWIND
    a fee (the “Completion Fee”) in cash equal to 1.75% of any Consideration paid or received. Such Completion Fee
    will be paid in the same form as the Consideration paid or received by TEMPUS (i.e. cash or securities).

 

	 	(b)	The
    Completion Fee payable to SOUTHWIND pursuant to Section 5(a) shall be paid by TEMPUS to SOUTHWIND at the closing
    of any Transaction (or, if more than one closing is contemplated with respect to any Transaction, on a pro rata basis with
    each such closing)

 

    	 	 	3

     

    

 

	6.	Expenses:
    In addition to the fees described in Section 5 herein, TEMPUS shall reimburse SOUTHWIND for its reasonable out-of-pocket
    expenses (including, without limitation, expenses in connection with the preparation, printing, and distribution of offering
    materials, professional fees and disbursements, travel, meals, lodging, couriers, communications, faxes, printing, and computer
    database charges) incurred in connection with its engagement hereunder with respect to the services to be rendered. All out-of-pocket
    expenses covered by this Section will be billed to TEMPUS at cost as incurred by SOUTHWIND and will be payable within 30
    days.

 

	7.	Indemnification:
    TEMPUS shall indemnify and hold harmless SOUTHWIND, its affiliates, controlling persons, members, principals, directors,
    officers, agents, employees, parents, subsidiaries, predecessors, and successors (each an “Indemnified Person,”
    and collectively, the “Indemnified Persons”) from and against any claims, actions, proceedings, demands, liabilities,
    damages, judgments, assessments, losses, and costs, including reasonable legal fees and expenses, arising out of or in connection
    with any services rendered by SOUTHWIND under this Agreement (including acts or omissions constituting ordinary negligence),
    and shall reimburse each Indemnified Person, for any and all such reasonable fees and expenses, including fees and disbursements
    of counsel, as they are incurred by such Indemnified Person, in connection with pending or threatened action or proceeding
    arising out of or in connection with any services rendered by SOUTHWIND under this Agreement, whether or not SOUTHWIND or
    any other Indemnified Person is a party to such action or proceeding. TEMPUS will not, however, be responsible for any claims,
    liabilities, losses, damages, or expenses that are determined by final judgment of a court of competent jurisdiction to have
    resulted primarily from SOUTHWIND’s or an Indemnified Person(s)’s gross negligence, bad faith, willful misconduct,
    or illegal acts. TEMPUS also agrees that no Indemnified Person shall have any liability to TEMPUS or any other person or entity
    (including TEMPUS’s equity holders and creditors) related to or arising out of SOUTHWIND’s engagement by TEMPUS or for claims,
    liabilities, damages, losses, or expenses, incurred by TEMPUS unless they are determined by final judgment of a court of competent
    jurisdiction to have primarily resulted from SOUTHWIND’s gross negligence, bad faith, willful misconduct, or illegal
    acts and in all such cases, the liability of SOUTHWIND and other Indemnified Persons shall be limited to actual compensatory
    damages (excluding consequential, punitive and similar damages), such damages not to exceed, in the aggregate, the amount
    of compensation actually paid to SOUTHWIND pursuant to this Agreement.

 

As
a condition to and prior to TEMPUS’s entering into any agreements or arrangement with respect to, or effecting, any Transaction
that does not directly or indirectly provide for the assumption of TEMPUS’s obligations under this Section 7, TEMPUS will
arrange alternative means of providing for TEMPUS’s obligations under this Section 7 in an amount and upon terms which are
reasonably satisfactory to SOUTHWIND.

 

TEMPUS’s
obligations under this Section 7 shall be in addition to any rights that SOUTHWIND or any other Indemnified Person may have at
common law or otherwise, and shall be binding on TEMPUS’s successors and assigns. This Section 7 shall survive the consummation
of any Financing Transaction and any termination of this Agreement.

 

    	 	 	4

     

    

 

	8.	Information
    and Confidentiality: TEMPUS will furnish SOUTHWIND with such information regarding the business and financial condition
    of TEMPUS as reasonably requested and such information will be, to the best of TEMPUS’s knowledge, accurate and complete in
    all material respects at the time furnished. TEMPUS will promptly notify SOUTHWIND if it learns of any material misstatement
    in, or material omissions from, any information previously delivered to SOUTHWIND. SOUTHWIND may rely, without independent
    verification, on the accuracy and completeness of all information furnished by TEMPUS or any other potential party to any
    Financing Transaction. TEMPUS acknowledges that SOUTHWIND will not be responsible for independently verifying the accuracy
    of such information, and shall not be liable for any inaccuracies therein.

 

In
connection with the services to be provided pursuant to this Agreement, certain confidential, non-public information concerning
TEMPUS (“Confidential Information”) has been or may be disclosed to SOUTHWIND or its employees, attorneys, advisors
and affiliates (“SOUTHWIND Representatives”). SOUTHWIND agrees to treat any such Confidential Information as confidential
and will use all reasonable efforts not to disclose such Confidential Information except to any potential party to a Transaction
under customary assurances of confidentiality, to SOUTHWIND Representatives, as may be required by law or as consented to by TEMPUS.
The term “Confidential Information” does not include any information: (a) that was already in SOUTHWIND’s possession,
or that was available to SOUTHWIND on a non-confidential basis, prior to the time of disclosure by TEMPUS to SOUTHWIND; (b) obtained
by SOUTHWIND from a third person which, to SOUTHWIND’s knowledge, is not subject to any prohibition against disclosure; or (c)
which is or becomes generally available to the public through no fault of SOUTHWIND or any SOUTHWIND Representative.

 

	9.	Advertisement:
    TEMPUS agrees that SOUTHWIND has the right following the closing of a Transaction to place advertisements in financial and
    other newspapers and journals at its own expense describing its services to TEMPUS hereunder.

 

	10.	Term
    and Termination: This Agreement shall commence on the date hereof and shall have an initial term of twelve (12) months.
    Thereafter, this Agreement will continue in force and the Term shall be extended unless and until terminated by either party
    upon 30 days’ written notice from one to the other. The initial term of this Agreement and any period
    of continuation hereof in accordance with this Section 10 is referred to herein as the “Term.” Upon termination
    of this Agreement, all liabilities and continuing obligations of each party to the other shall cease with the exception of
    obligations under Sections 3, 5, 6, 7, 8, 9, and 11 hereof, which shall survive the consummation of any Financing Transaction
    and any termination of this Agreement.

 

    	 	 	5

     

    

 

	11.	Miscellaneous:

 

	 	(a)	SOUTHWIND
    may assign its rights and obligations under this Agreement to any parent, subsidiary or affiliate without the prior consent
    of TEMPUS. This Agreement shall be binding upon the parties hereto and their respective successors and permitted assigns.
    Nothing in this Agreement, express or implied, however, is intended to confer or does confer on any person or entity, other
    than the parties hereto and their respective successors and permitted assigns and, to the extent set forth in Section 7 hereof,
    the Indemnified Parties, any rights or remedies under or by reason of this Agreement or as a result of the services to be
    rendered by SOUTHWIND hereunder.

 

	 	(b)	This
    Agreement may not be amended and no provision hereof may be waived or modified except in writing and signed by each of the
    parties.

 

	 	(c)	The
    failure of either TEMPUS or SOUTHWIND to insist in any one or more instances upon performance of any term or condition of
    this Agreement shall not be construed as a waiver of its future performance. The obligations of either party with respect
    to such term, covenant, or condition shall continue in full force and effect.

 

	 	(d)	TEMPUS
    acknowledges that SOUTHWIND and its affiliates have and will continue to have relationships with parties other than TEMPUS
    pursuant to which SOUTHWIND may acquire information of interest to TEMPUS. TEMPUS further acknowledges that SOUTHWIND shall
    have no obligation to disclose such information to TEMPUS, or to use such information in connection with any contemplated
    Transaction.

 

	 	(e)	The
    invalidity or unenforceability of any provision of this Agreement shall not affect the invalidity or enforceability of any
    other provision of this Agreement, which shall remain in full force and effect pursuant to the terms hereof.

 

	 	(f)	TEMPUS
    agrees that it will be solely responsible for ensuring that any Transaction complies with applicable law.

 

	 	(g)	This
    Agreement incorporates the entire understanding of the parties regarding the subject matter hereof, and supersedes all previous
    agreements and understandings regarding the same, whether written or oral.

 

	 	(h)	This
    Agreement shall be governed by the laws of the Commonwealth of Virginia, without regard to such state’s rules concerning conflicts
    of laws. Each party hereto irrevocably submits to the jurisdiction of any state court located in Fairfax County, the Commonwealth
    of Virginia and to the jurisdiction of the United States District Court for the Eastern District of Virginia for the purpose
    of any suit, action or other proceeding arising out of or based on this Agreement, or the subject matter hereof; and waives
    to the extent not prohibited by applicable law, and agrees not assert, by way of motion, as a defense or otherwise, in any
    such proceeding brought in any of the above-named courts, any claim that it is not subject personally to the jurisdiction
    of such courts, that its property is exempt or immune from attachment or execution, that any such proceeding is brought in
    an inconvenient forum, that the venue of such proceeding is improper, or that this Agreement, or the subject matter hereof,
    may not be enforced in or by such court.

 

	 	(i)	In
    any litigation or other proceeding related to this Agreement, the prevailing party shall be entitled to recover its costs
    and reasonable attorney’s fees.

 

    	 	 	6

     

    

 

	 	(j)	Each
    of SOUTHWIND and TEMPUS (on its own behalf and, to the extent permitted by applicable law, on behalf of its equity holders)
    waives any right to trial by jury with respect to any claim, counterclaim or action arising out of this Agreement, the engagement
    of SOUTHWIND by TEMPUS or SOUTHWIND’s performance of the services contemplated by this Agreement.

 

We
look forward to working with you on the assignment, and if the foregoing correctly sets forth our mutual Agreement and understanding,
please sign on the space provided below and return an executed copy to us.

 

	 	Sincerely,
	 	 
	 	SOUTHWIND
    CAPITAL, LLC
	 	 
	 	/s/
    Robert Lee Priest, Jr
	 	Robert
    Lee Priest, Jr
	 	Manager

 

Agreed
to and accepted by:

 

TEMPUS
APPLIED SOLUTIONS HOLDINGS, INC.

 

	By:	/s/
    B. Scott Terry	Date:
    10/16/2016
	 	B.
    Scott Terry	 
	 	Chief
    Executive Officer	 

 

 

7

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