Document:

exhibit
10.1

 

TERMINATION
OF BUSINESS COMBINATION AGREEMENT

 

Termination of Business Combination
Agreement, dated as of January 26, 2022 (this “Termination Agreement”) among Omnichannel Acquisition Corp., a Delaware
corporation (“Omnichannel”), Omnichannel Merger Sub, Inc., a Delaware corporation (“Merger Sub”),
and Kin Insurance, Inc., a Delaware corporation (“Kin”). Capitalized terms used and not defined herein shall have the
meanings ascribed to them in the BCA (as defined below). Section references used herein are to the respective sections of the BCA. Omnichannel,
Merger Sub and Kin are collectively referred to as the “Parties” and each as a “Party”.

 

WHEREAS, Omnichannel, Merger
Sub and Kin are parties to that certain Business Combination Agreement, dated as of July 19, 2021 (the “BCA”); and

 

WHEREAS, the Parties wish
to mutually terminate the BCA in accordance with the provisions thereof.

 

NOW, THEREFORE, for good and
valuable consideration, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:

 

		1.	The BCA is hereby terminated, effective immediately, pursuant to Section 7.1(a) of the BCA.

 

		2.	The effect of the termination of the BCA shall be as set forth in Section 7.2 of the BCA; provided that,
subject to the terms set forth herein, the Parties hereby waive their respective rights and benefits that would otherwise have survived
the termination of the BCA in accordance with Section 7.2 of the BCA, such that upon execution hereof, there shall be no continuing liability
of either party pursuant to the BCA.

 

		3.	The Parties shall issue a press release relating to this Termination Agreement in the form of Exhibit
A hereto, and Omnichannel shall file a Form 8-K in the form of Exhibit B hereto. Thereafter, except for disclosure or communication
required by applicable Law or stock exchange rule, or in response to any request by any Governmental Authority, no Party shall issue any
press release with respect to the other Parties, the transactions contemplated thereby and/or this Termination Agreement without the prior
written consent of such other Parties; provided that, prior to any disclosure or communication required by applicable Law or stock exchange
rule or in response to a request by a Governmental Authority, Omnichannel or Kin, as applicable, shall (i) use their reasonable best efforts
to consult with each other before making any such disclosure, communication or response and (ii) to the fullest extent permitted by applicable
Law, first allow the other to review such disclosure, communication or response and the opportunity to comment thereon, and shall consider
such comments in good faith.

 

     

     

    

 

		4.	The Omnichannel Parties, for themselves, and on behalf of each of their respective affiliates, equity
holders, partners, joint venturers, lenders, administrators, representatives, shareholders, parents, subsidiaries, officers, directors,
attorneys, agents, employees, legatees, devisees, executors, trustees, beneficiaries, insurers, predecessors, successors, heirs and assigns,
hereby absolutely, forever and fully release and discharge Kin and its affiliates and each of their respective present and former direct
and indirect equity holders, directors, officers, employees, predecessors, partners, shareholders, joint venturers, administrators, representatives,
affiliates, attorneys, agents, brokers, insurers, parent entities, subsidiary entities, successors, heirs, and assigns, and each of them,
from all claims, contentions, rights, debts, liabilities, demands, accounts, reckonings, obligations, duties, promises, costs, expenses
(including, without limitation, attorneys’ fees and costs), liens, indemnification rights, damages, losses, actions, and causes
of action, of any kind whatsoever, whether due or owing in the past, present or future and whether based upon contract, tort, statute
or any other legal or equitable theory of recovery, and whether known or unknown, suspected or unsuspected, asserted or unasserted, fixed
or contingent, matured or unmatured, with respect to, pertaining to, based on, arising out of, resulting from, or relating to the BCA,
the Ancillary Documents and the transactions contemplated by the BCA (the “Omnichannel Released Claims”).

 

		5.	Kin, for itself, and on behalf of each of its affiliates, equity holders, partners, joint venturers, lenders,
administrators, representatives, shareholders, parents, subsidiaries, officers, directors, attorneys, agents, employees, legatees, devisees,
executors, trustees, beneficiaries, insurers, predecessors, successors, heirs and assigns, hereby absolutely, forever and fully release
and discharge the Omnichannel Parties and their affiliates and each of their respective present and former direct and indirect equity
holders, directors, officers, employees, predecessors, partners, shareholders, joint venturers, administrators, representatives, affiliates,
attorneys, agents, brokers, insurers, parent entities, subsidiary entities, successors, heirs, and assigns, and each of them, from all
claims, contentions, rights, debts, liabilities, demands, accounts, reckonings, obligations, duties, promises, costs, expenses (including,
without limitation, attorneys’ fees and costs), liens, indemnification rights, damages, losses, actions, and causes of action, of
any kind whatsoever, whether due or owing in the past, present or future and whether based upon contract, tort, statute or any other legal
or equitable theory of recovery, and whether known or unknown, suspected or unsuspected, asserted or unasserted, fixed or contingent,
matured or unmatured, with respect to, pertaining to, based on, arising out of, resulting from, or relating to the BCA, the Ancillary
Documents and the transactions contemplated by the BCA (the “Company Released Claims,” and together with the Omnichannel
Released Claims, the “Released Claims”).

 

		6.	Notwithstanding anything contained in this Termination Agreement to the contrary, it is the express intention
of the Parties that the Released Claims released pursuant to paragraphs 4 and 5 of this Termination Agreement do not include claims, if
any, based upon a breach of this Termination Agreement or a breach of the Confidentiality Agreement (as defined below).

 

    2

     

    

 

		7.	Each Party hereby agrees not to (a) make, publish or communicate to any person or in any public or private
forum or through any medium, any disparaging, damaging or demeaning statements about the other Parties or their respective affiliates,
or any of their respective officers, directors, employees, or agents, or (b) otherwise engage, directly or indirectly, in any communications
with any person that may be disparaging to the other Parties and their respective affiliates that may damage the reputation or goodwill
of the other Parties or their respective affiliates, or that may place the other Parties or their respective affiliates in any false or
negative light. Each Party hereby represents to the other Parties that it has not engaged in any of the actions and communications described
in the foregoing prior to the date hereof.

 

		8.	Each Party acknowledges and understands that there is a risk that subsequent to the execution of this
Termination Agreement, each Party may discover, incur or suffer Released Claims that were unknown or unanticipated at the time of the
execution of this Termination Agreement, and which, if known on the date of the execution of this Termination Agreement, might have materially
affected such Party’s decision to enter into and execute this Termination Agreement. Each Party further agrees that by reason of
the releases contained herein, each Party is assuming the risk of such unknown Released Claims and agrees that this Termination Agreement
applies thereto.

 

		9.	Except as otherwise provided in paragraph 3 of this Termination Agreement, the Parties hereby acknowledge
and agree that each Party continues to be bound by the Confidentiality Agreement, dated as of February 10, 2021 (the “Confidentiality
Agreement”), by and among the parties thereto, and that all information obtained pursuant to the BCA shall be kept confidential
in accordance with the Confidentiality Agreement.

 

		10.	If any term or other provision of this Termination Agreement is invalid, illegal or incapable of being
enforced by any rule of law, or public policy, all other conditions and provisions of this Termination Agreement shall nevertheless remain
in full force and effect so long as the economic or legal substance of the transactions contemplated by this Termination Agreement are
not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the Parties shall negotiate in good faith to modify this Termination Agreement so as to effect the original
intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Termination
Agreement be consummated as originally contemplated to the fullest extent possible.

 

    3

     

    

 

		11.	This Termination Agreement shall be governed by, and construed in accordance with, the Laws of the State
of Delaware applicable to contracts executed in and to be performed in such State. Any Proceeding arising out of or relating to this Termination
Agreement shall, to the fullest extent permitted by applicable Law, be heard and determined exclusively in the Court of Chancery of the
State of Delaware; provided that if jurisdiction is not available in such court, then any such Proceeding may be brought in any
federal court located in the State of Delaware or any other Delaware state court. To the fullest extent permitted by applicable Law, the
Parties hereby (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves and with respect to their respective
properties for the purpose of any Proceeding arising out of or relating to this Termination Agreement brought by any Party and (b) agree
not to commence any such Proceeding except in the courts described above in Delaware, other than any Proceeding in any court of competent
jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as described herein. To the fullest extent
permitted by applicable Law, each of the Parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion
or as a defense, counterclaim or otherwise, in any Proceeding arising out of or relating to this Termination Agreement, (i) any claim
that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (ii) that it or its
property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service
of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that
(A) the Proceeding in any such court is brought in an inconvenient forum, (B) the venue of such Proceeding is improper or (C) this Termination
Agreement, or the subject matter hereof, may not be enforced in or by such courts. Each of the Parties hereby waives to the fullest extent
permitted by applicable Law, any right it may have to a trial by jury with respect to any Proceeding directly or indirectly arising out
of or relating to this Termination Agreement. Each of the Parties (a) certifies that no Representative, agent or attorney of any other
party has represented, expressly or otherwise, that such other party would not, in the event of any Proceeding, seek to enforce that foregoing
waiver and (b) acknowledges that it and the other Parties have been induced to enter into this Termination Agreement, as applicable, by,
among other things, the mutual waivers and certifications in this paragraph 11.

 

		12.	This Termination Agreement may be executed and delivered (including by facsimile or portable document
format (.pdf transmission) in one or more counterparts, and by the different Parties in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

 

		13.	This Termination Agreement may only be amended in writing by the Parties.

 

		14.	Each Party hereby agrees to pay the expenses (including the fees and expenses of counsel, accountants,
investment bankers, experts and consultants) incurred by such Party in connection with the BCA and the transactions contemplated thereby
in accordance with the BCA.

 

IN WITNESS WHEREOF, the undersigned
have executed this Termination Agreement as of the date written above.

 

[Signature Page(s) Follow.]

 

    4

     

    

 

	 	OMNICHANNEL ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Matt Higgins
	 	Name: 	Matt Higgins
	 	Title:	Chief Executive Officer
	 	 	 
	 	OMNICHANNEL MERGER SUB, INC.
	 	 	 
	 	By:	/s/ Matt Higgins
	 	Name:	Matt Higgins
	 	Title:	Chief Executive Officer

 

[Signature Page to Termination
Agreement]

 

     

     

    

 

	 	KIN INSURANCE, INC.
	 	 	 
	 	By:	/s/ Sean Harper
	 	Name: 	Sean Harper
	 	Title:	Chief Executive Officer

 

[Signature Page to Termination
Agreement]
 

     

     

    

 

Exhibit A

 

Press Release 

 

See attached.

 

     

     

    

 

Exhibit B

 

Form 8-K

 

See attached.ampg_ex101.htm

EXHIBIT 10.1 
   
 DIRECTOR AGREEMENT
  
 DIRECTOR AGREEMENT, dated as of January 20, 2022, by and between Amplitech Group, Inc., a Nevada corporation (the “Company”), and [DIRECTOR] (the “Director”).
  
 W I T N E S S E T H:
  
 WHEREAS, the Company wishes to engage the Director and the Director is willing to accept such engagement upon the terms and conditions hereinafter set forth.
  
 NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
  
 1. Services. Upon the terms and subject to the conditions of this Agreement and with effect from the Effective Date (as defined below), the Company hereby engages the Director to act as a Member of the Board of Directors of the Company, and the [COMMITTEE NAME] Committee Chairman and provide services on the terms and conditions provided in this Agreement. The Director agrees to devote appropriate time and attention to the execution of the services to be provided by the Director hereunder, which shall include the services listed on Exhibit A; or such other services as the Company and the Director may reasonably agree (hereinafter the services to be provided by the Director hereunder are referred to as the “Services”).
  
 2. Term of Engagement. The term of the Director’s engagement by the Company under this Agreement shall commence on the 20th day of January 2022 (the “Effective Date”) and shall terminate on the day 1 year(s) (the “Contract Period”) from the date thereof (the “Termination Date”). 
  
 3. Independent Contractor. The Director would be an independent contractor, not an employee or agent of the Company. 
  
 4. Compensation.
  
 (a) Meetings. The Director shall be re-imbursed for all expenses related to attending any Board meeting personally attended, and will be paid a fee for any virtual meetings. 
  
 (b) Restricted Stock Units. The Director shall be issued 15,000 restricted stock units (“RSU’s”), pursuant to the Company’s 2020 Equity Incentive Plan. 
  
 (c) Benefits. During the Contract Period, the Director shall not receive or be eligible to participate in the Company’s benefit programs in effect for the employees of the Company as in effect from time to time, on and after the Effective Date. 
   
 	 
	- 1 -
	

	 

  
 (d) Expenses. The Company shall reimburse the Director for all reasonable business travel expenses previously authorized in writing by the Company and reasonably and necessarily incurred by the Director in the performance of his duties, responsibilities, and authorities hereunder. 
  
 5. Termination Provisions. The Contract Period shall terminate, and the Director’s engagement hereunder shall cease, effective upon the date of any of the occurrences set forth below (the “Termination Date”): 
  
 (a) Termination By Reason of Timing. The Contract Period shall terminate one year from the Effective Date (such date being the Termination Date).
  
 (b) Termination By Reason of Permanent Disability. If at any time during the Contract Period the Company reasonably determines that the Director has been or will be unable, as a result of physical or mental illness or incapacity, to perform his duties hereunder for one year, the Contract Period may be terminated by the Company upon written notice to the Director.
  
 (c) Termination with Notice. Either party hereto may terminate the Contract Period for any reason upon thirty (30) days written notice to the other party. All Compensation earned upon such Termination Date shall be due and payable.
  
 (d) Termination By Reason of Death. The Contract Period shall automatically terminate on the date of the Director’s death (such date being the Termination Date). 
  
 (e) Termination shall not occur if the parties hereto mutually agree to extend the term hereof, or if the terms hereof are renegotiated in good faith by the parties hereto.
  
 6. Covenants of the Director.
  
 (a) Non-solicitation of Employees of the Company, Directors of the Company or Customers or Suppliers of the Company. During the Contract Period and for three (3) year following the Contract Period (the “Subject Period”), the Director shall not, directly or indirectly, on behalf of any business, firm, corporation, partnership, person, proprietorship or other entity, incorporated or otherwise, and shall use his best efforts to cause each business, firm, corporation, partnership, person, proprietorship and other entity with which he is or shall become associated in any capacity not to, (i) solicit for employment, employ or otherwise engage any employee or Director of the Company, without the written consent of the Company, or (ii) except in connection with the performance of his duties hereunder and in accordance herewith, solicit, interfere with, endeavor to entice away from the Company or communicate with regarding the business of the Company any customer or supplier of the Company. The Director acknowledges and agrees in connection with the foregoing that the identities of the Company’s employees, Directors, customers, suppliers and clients and other information gained during his period of employment with the Company with respect thereto is Confidential Information (as more fully defined in paragraph (b) below) of the Company. 
   
 	 
	- 2 -
	

	 

  
 (b) Confidentiality. During the Subject Period and at all times thereafter, the Director agrees and acknowledges that the Confidential Information (as defined below) of the Company is valuable, special and unique to its business; that such business depends on such Confidential Information; and that the Company wishes to protect such Confidential Information by keeping it confidential for the exclusive use and benefit of the Company. The Director further acknowledges that any use by him of the Confidential Information other than in strict accordance with the terms of this Agreement would be wrongful and would cause the Company irreparable injury. Based upon the foregoing, with respect to such Confidential Information, the Director agrees:
  
 (i)   to keep any and all Confidential Information in trust for the sole use and benefit of the Company;
  
 (ii) except as required by applicable law or as required in furtherance of the business of the Company in accordance with the terms hereof, not to use or disclose or reproduce, directly or indirectly, any Confidential Information of the Company;
  
 (iii) to take all steps necessary or reasonably requested by the Company to ensure that all Confidential Information is kept confidential for the sole use and benefit of the Company; and
  
 (iv) in the event the Director’s employment with the Company terminates for any reason whatsoever or at any time that the Company may in writing request, to deliver promptly to the Company all materials constituting Confidential Information (including all written, graphic, facsimile, encoded or recorded copies or duplicates thereof or notes regarding the same) of the Company that are in his possession or under his control without making or retaining any written graphic, facsimile, encoded or recorded copy or extract from such materials.
  
 For purposes of this Section 6, “Confidential Information” means any and all information developed by or for or possessed by the Company prior to or during the Contract Period that is (A) not generally known in any industry in which the Company does business as of the date hereof or during the Contract Period or (B) not publicly available (including for this purpose information that is publicly available because of a breach by the Director of the provisions hereof). Confidential Information includes, but is not limited to, the information identified in Section 6(a) above (including, without limitation, personnel records and applications, employment and other Director agreements, medical records, Director appraisals, reviews and evaluations, general wage and salary rates and individual salaries and bonuses and plans and records relating thereto, numbers of Directors in departments and divisions, Director benefit plans and incentive plans), and any and all other information developed by or for or possessed by the Company concerning information technology, marketing and sales methods, concepts, materials, products, processes, procedures, formulae, compounds, formulations, models, innovations, discoveries, improvements, inventions, protocols, computer programs, records, data, know-how, techniques, designs, machinery, devices, research and development projects, data, preparations, business forms, strategies, plans for development of products, services or expansion into new areas or markets, internal operations, product price lists, forecasts, projections, financial information (including the revenues, costs or profits associated with the products of the Company) and any other trade secrets and proprietary information of any type owned by or pertaining to the Company, together with all written, graphic, facsimile, encoded, recorded and other materials relating to all or any part of the same.
  
 	 
	- 3 -
	

	 

  
 (c) Noncompetition, etc. During the Contract Period and the extension thereof, the Director shall not, directly or indirectly, engage in or be associated with, whether as a director, officer, employee, agent, Director, shareholder, partner, owner, independent contractor or otherwise, any business, firm, corporation, partnership, person, proprietorship or other entity, incorporated or otherwise (other than the Company), which is conducting, or plans to conduct, any business which competes with or will compete with, in the United States, (i) the business of the Company as constituted during the Contract Period, or (ii) the products of the Company manufactured, sold or under development by the Company during the Contract Period; provided, however, nothing herein shall prohibit the Director from being a shareholder in any entity that competes with the Company so long as the Director does not control such entity and does not hold more than a five percent (5%) equity interest therein. 
  
 (d) Compliance With Laws. In performing his duties hereunder the Director agrees to comply with all applicable governmental laws, rules and regulations and all applicable policies and procedures of the Company.
  
 (e) Miscellaneous. For purposes of Section 6 hereof, the term “Director” shall include the Director’s affiliates and advisors. 
  
 7. Representations and Warranties.
  
 (a) The Company. The Company hereby represents and warrants to the Director as follows:
  
 (i)   the Company is duly incorporated, validly existing and in good standing under the laws of the State of Nevada; and
  
 (ii)  this Agreement has been duly authorized, executed and delivered by the Company.
  
 (b) The Director. The Director hereby represents and warrants to the Company as follows:
  
 (i)   the Director has full legal capacity to enter into this Agreement;
  
 (ii) the execution, delivery and performance by the Director of this Agreement will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute (with due notice or lapse of time or both) a default under, any agreement or instrument to which the Director is a party or by which he is bound;
   
 	 
	- 4 -
	

	 

  
 (iii) this Agreement has been duly executed and delivered by the Director; and
  
 (iv) the Director has made such investigations of the business and properties of the Company as he deems necessary or appropriate before entering into this Agreement and has been given a sufficient amount of time to review this Agreement with counsel and other professionals of his choice and has done so to the extent he desires.
  
 Without limiting clause (ii) above, the Director hereby represents and warrants that he is not bound by the terms of any agreement with any other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of his employment with the Company or to refrain from competing, directly or indirectly, with the business of such other party. The Director further represents and warrants that his performance of all the terms of this Agreement and as a Director of the Company does not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by him in confidence or in trust prior to his employment with the Company.
  
 8. Director and Officer Insurance. The Company shall make all commercially reasonable efforts to procure suitable director and officer insurance for a company of substantially similar size and position. Such insurance shall cover and include the Director.
  
 9. Indemnification. The Company shall indemnify the Director and each of his agents against any loss, liability, claim, damage, or expense arising from the actions or inactions of the Company (or any of its officers and directors), including, but not limited to, any and all out of pocket expense and reasonable attorneys’ fees whatsoever reasonably incurred in investigating, preparing, or defending against any litigation, commenced or threatened, or any third party claim whatsoever), to which the Director may become subject arising out of or based on any actions or inactions or operations of the Company (or any of its officers and directors), to the fullest extent permitted by the Nevada Revised Statutes. Such indemnification does not include any claims resulting from the gross negligence or wilful misconduct of the Director. The indemnification provided for in this paragraph shall survive the Termination Date.
  
 10. Successors; Assignment.
  
 (a) The Company. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and permitted assigns.
  
 (b) The Director. Neither this Agreement, nor any right, obligation or interest hereunder, may be assigned by the Director, his beneficiaries, or his legal representatives without the prior written consent of the Company; provided, however, that nothing in this paragraph (b) shall preclude (i) the Director from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Director or his estate from assigning any such rights hereunder to distributees, legatees, beneficiaries, testamentary trustees or other legal heirs of the Director. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the Director and his executors and administrators.
   
 	 
	- 5 -
	

	 

  
 11. Waiver of Breach. The waiver by the Company or the Director of a breach of any provision of this Agreement by the other party shall not be construed as a waiver of any continuing or subsequent breach of the same provision or of any other provision of this Agreement. It is also understood and agreed that no failure or delay by the Company in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or future exercise thereof or the exercise of any other right, power or privilege hereunder. 
  
 12. Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been given when delivered by hand or courier service, or mailed by first-class certified mail, postage prepaid and return receipt requested, addressed as follows:
   
 	  
	 If to the Company:
	  

	  
	  
	  

	  
	 Amplitech Group, Inc.
 Attn: Fawad Maqbool
 620 Johnson Avenue
 Bohemia, NY 11716
  
 If to the Director:
	  

	  
	  
	  

	  
	  
	  

	  
	  
	  

	  
	  
	  

	  
	  
	  

	  
	  
	  

    
 or, in each case, at such other address as may from time to time be specified to the other party in a notice similarly given.
  
 13. Governing Law; Litigation.
  
 (a) Governing Law. This Agreement shall be governed by end construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed entirely within such State.
  
 (b) Litigation. Each of the Company and the Director hereby agrees that the courts of the State of New York shall have jurisdiction to hear and determine any claims or disputes pertaining to this Agreement or to any matter arising therefrom. Each of the Company and the Director expressly submits and consents in advance to such jurisdiction in any action commenced in such courts, hereby waiving personal service of the summons and complaint or other process or papers issued therein, and agreeing that service of such summons and complaint, or other process or papers, may be made in any manner permitted by the laws of the State of New York including if permissible the same manner as notices hereunder may be given pursuant to Section 10. The choice of forum set forth in this paragraph (b) shall not be exclusive nor shall it preclude the enforcement of any judgment obtained in such forum or the taking of any action under this Agreement to enforce such judgment in any appropriate jurisdiction.
  
 	 
	- 6 -
	

	 

   
 14. Expenses. All costs and expenses (including attorneys’ fees) incurred in connection with the negotiation and preparation of, or any claim, dispute or litigation pertaining to, this Agreement shall be paid by the party incurring such expenses.
  
 15. Entire Agreement. This Agreement contains the entire agreement of the parties and their affiliates relating to the subject matter hereof and thereof and supersedes all prior agreements, representations, warranties and understandings, written or oral, with respect thereto.
  
 16. Severability.
  
 (a) Generally. If any term or provision of this Agreement or the application thereof to any person, property or circumstance shall to any extent be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons, property or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.
  
 (b) Duration and Scope of Certain Covenants. Without limiting paragraph (a) above, if any court determines that any of the covenants contained in Section 6, or any part of such covenants, is unenforceable because of the duration or scope of such covenant or provision, such court shall have the power to and is hereby requested to reduce the duration or scope of such covenant or provision, as the case may be, to the extent necessary to make such covenant or provision enforceable, and in its reduced form, such covenant or provision shall then be enforceable.
  
 17. Remedies.
  
 (a) Injunctive Relief. The Director acknowledges and agrees that the covenants and obligations of the Director contained in Section 6 relate to special, unique and extraordinary matters and are reasonable and necessary to protect the legitimate interests of the Company and that a breach of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies at law are not available. Therefore, the Director agrees that the Company shall be entitled to an injunction, restraining order, or other equitable relief from any court of competent jurisdiction restraining the Director from any such breach.
  
 (b) Remedies Cumulative. The Company’s rights and remedies under this Section 15 are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity. In connection with paragraph (a) of this Section 15, the Director represents that his economic means and circumstances are such that such provisions will not prevent him from providing for himself and his family on a basis satisfactory to him.
   
 	 
	- 7 -
	

	 

  
 18. Waiver of Statute of Limitations. The Director hereby waives for the longest period permitted by applicable law the limitation of any statute for the presentation of any claim arising under any provision of Section 6 hereof.
  
 19. Withholding Taxes. The Company shall deduct any foreign, federal, state or local withholding or other taxes from any payments to be made by the Company hereunder in such amounts which the Company reasonably determines are required to be deducted under applicable law.
  
 20. Amendments, Miscellaneous, etc. Neither this Agreement, nor any term hereof, may be changed, waived, discharged or terminated except by an instrument in writing signed by the party against which such change, waiver, discharge or termination is sought to be enforced. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
   
 	 
	- 8 -
	

	 

  
 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date first written above.
   
 	 	AMPLITECH GROUP, INC.	
	 	 	 	 
		By:		
	  
	 Name: 
	Fawad Maqbool	 
	 	Title: 	 Chief Executive Officer
	 
	 	 	 	 
	  
	 DIRECTOR
	  

	  
	  
	  
	  

	  
	  
	  

	  
	  
	  
	  

	  
	  
	  

   
 	 
	- 9 -
	

	 

  
 EXHIBIT A
  
 	  
	 •
	The Company is retaining the services of the Director as described in the [COMMITTEE NAME] Committee Charter.

  
  
  
 	 
	- 10 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}]]