Document:

CONSULTING AGREEMENT 

 

THIS CONSULTING AGREEMENT
(this "Agreement") is made and entered into effective as of the first day of January 2013, between Inter Parfums,
Inc., a Delaware corporation (“Company”), with offices at 551 Fifth Avenue, New York, NY 10176, and Philippe Benacin
Holding SAS, a French corporation (“Consultant”) with is offices at 4, rond point des Champs Elysees, 75008 Paris.

 

WITNESSETH: 

 

Whereas,
Company desires to be assured of the association and services of Consultant in order to avail itself of Consultant's experience,
skills and abilities, and background and knowledge, and is willing to engage Consultant upon the terms and conditions set forth
herein; and

 

Whereas,
Consultant agrees to be engaged and retained by Company upon the terms and conditions as set forth herein.

 

NOW, THEREFORE, in
consideration of the recitals, promises and conditions in the Agreement, Consultant and Company agree as follows:

 

		1.	Consulting Services.

 

Company hereby retains
Consultant and Consultant accepts such retention to become a consultant to Company, in general to supervise the operations of Company
and its subsidiaries commensurate with the responsibilities and obligations of the President of Company. In addition Consultant
is to render advice, consultation and information to the Board of Directors or the officers of Company in such places as may be
agreed upon between Company and Consultant, provided that no services shall be rendered within the United States. In particular
Consultant agrees to:

 

(a)            Provide advice with regard to
internal business operations of Company, including but not limited to, advise relating to (i) strategic direction of Company,
corporate goals and their implementation; (ii) operations of Company and its divisions or subsidiaries or any programs and
projects; (iii) financing; (iv)  corporate organization and personnel; (v) and developing new international markets to
United States existing operations, as well as procuring new international brand licensing and distribution of international brands
for United States operations; and

 

(b)            Identity and, if authorized
by the board of directors of Company, negotiate potential business combination transactions for United States operations, whether
in the form of licensing, asset purchases, stock purchases, mergers, joint ventures, strategic alliances or otherwise.

 

 

    	 

    	 

    

 

2.            Term. The term of this
Agreement shall be for a period of one (1) year commencing on January 1, 2014, and shall continue in effect for subsequent annual
periods unless 

 

(a)            either party provides the other
party with 120 days advance notice,

 

(b)            Philippe Benacin, the President
of Company, ceases to be the President of Company, in which case this Agreement shall terminate coterminous with such cessation;
or

 

(c)            as otherwise specifically provided
in this Agreement.

 

		3.	Compensation and Reimbursement of Expenses.

 

(a)            In
full consideration of the services to be performed hereunder by Consultant throughout the first year of this Agreement, i.e.,
calendar year 2014, Company agrees to pay to Consultant the sum of $250,000, payable in equal monthly installments. For subsequent
years, the remuneration to be paid from Company to Consultant shall be as negotiated between Consultant and the Executive Compensation
and Stock Option Committee of the Board of Directors of Company (the “Committee”). Any remuneration in addition to
the agreed upon for any year, if any, shall be determined in the discretion of the Committee, taking into account such factors
as the Committee deems appropriate, including but not limited to, the services rendered, results of such services and profitability
of Company.

 

(b)            Company
agrees to reimburse Consultant for reasonable out-of-pocket expenses incurred by Consultant on behalf of Company, provided Consultant
submits proper documentation for such expenses, which are reasonably acceptable to Company.

 

4.            Warranties and Representations
of Consultant. Consultant hereby warrants and represents to Company that:

 

(a)            the execution and delivery of
this Agreement and the consummation by Consultant of the transactions contemplated hereby have been duly authorized by all necessary
corporate action on the part of Consultant;

 

(b)            this
Agreement constitutes a valid and binding agreement of Consultant, enforceable against it in accordance with its terms.

 

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		5.	Confidentiality, Disclosure of Information. 

 

(a)            Consultant recognizes and acknowledges
that Consultant has had and will have access to Confidential Information (as defined below) relating to the business or interests
of Company or of persons with whom Company may have business relationships. Except as permitted herein, Consultant will not during
the Term, or at any time thereafter, use, disclose or permit to be known by any other person or entity, any Confidential Information
of Company (except as required by applicable law or in connection with the performance of Consultant’s duties and responsibilities
hereunder). The term “Confidential Information” shall include, but not be limited to, information relating to Company’s
business affairs, proprietary technology, trade secrets, patented processes, research and development data, know-how, market studies
and forecasts, competitive analyses, pricing policies, employee lists, employment agreements (other than this Agreement), personnel
policies, the substance of agreements with customers, suppliers and others, marketing arrangements, customer lists, commercial
arrangements, Company Materials (as defined herein) or any other information relating to Company’s business that is not generally
known to the public or to actual or potential competitors of Company (other than through a breach of this Agreement). This obligation
shall continue until such Confidential Information becomes publicly available, other than pursuant to a breach of this Section
5 by Consultant, regardless of whether Consultant continues to be employed by Company.

 

(b)            It is further
agreed and understood by and between the parties to this Agreement that all “Company Materials,” which include, but
are not limited to, computers, computer software, computer disks, tapes, printouts, source, HTML and other code, flowcharts, schematics,
designs, graphics, drawings, photographs, charts, graphs, notebooks, customer lists, sound recordings, other tangible or intangible
manifestation of content, and all other documents whether printed, typewritten, handwritten, electronic, or stored on computer
disks, tapes, hard drives, or any other tangible medium, as well as samples, prototypes, models, products and the like, shall be
the exclusive property of Company and, upon termination of Consultant’s employment with Company, and/or upon the request
of Company, all Company Materials, including copies thereof, as well as all other Company property then in Consultant’s possession
or control, shall be returned to and left with Company.

 

		6.	Inventions Discovered by Consultant.

 

Consultant shall promptly
disclose to Company any invention, improvement, discovery, process, formula, or method or other intellectual property, whether
or not patentable or copyrightable (collectively, “Inventions”), conceived or first reduced to practice by Consultant,
either alone or jointly with others, while performing services hereunder (or, if based on any Confidential Information, at any
time during or after the Term), (a) which pertain to any line of business activity of Company, whether then conducted or then being
actively planned by Company, with which Consultant was or is involved, (b) which is developed using time, material or facilities
of Company, whether or not during working hours or on Company premises, or (c) which directly relates to any of Consultant’s
work during the Term, whether or not during normal working hours. Consultant hereby assigns to Company all of Consultant’s
right, title and interest in and to any and all such Inventions. During and after the Term, Consultant shall execute any and all
documents necessary to perfect the assignment of such Inventions to Company and to enable Company to apply for, obtain and enforce
patents, trademarks and copyrights in any and all countries on such Inventions, including, without limitation, the execution of
any instruments and the giving of evidence and testimony, without further compensation beyond Consultant’s agreed compensation
during the course of Consultant’s employment. Without limiting the foregoing, Consultant further acknowledges that all original
works of authorship by Consultant, whether created alone or jointly with others, related to Consultant’s employment with
Company and which are protectable by copyright, are “works made for hire” within the meaning of the United States Copyright
Act, 17 U.S.C. § 101, as amended, and the copyright of which shall be owned solely, completely and exclusively by Company.
If any Invention is considered to be work not included in the categories of work covered by the United States Copyright Act, 17
U.S.C. § 101, as amended, such work is hereby assigned or transferred completely and exclusively to Company. Consultant hereby
irrevocably designates counsel to Company as Consultant’s agent and attorney-in-fact to do any and all lawful acts necessary
to apply for and obtain patents and copyrights and to enforce Company’s rights under this Section. Company need not take
any other action, nor have any other documents executed, to affect such power of attorney. Consultant expressly acknowledges and
agrees that such power of attorney is irrevocable and shall be deemed to be coupled with an interest. This Section 6 shall
survive the termination of this Agreement. Any assignment of copyright hereunder includes all rights of paternity, integrity, disclosure
and withdrawal and any other rights that may be known as or referred to as “moral rights” (collectively “Moral
Rights”). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following is allowed
by the laws in the various countries where Moral Rights exist, Consultant hereby waives such Moral Rights and consents to any action
of Company that would violate such Moral Rights in the absence of such consent. Consultant agrees to confirm any such waivers and
consents from time to time as requested by Company.

 

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		7.	Non-Competition and Non-Solicitation.

 

Consultant acknowledges
that Company has invested substantial time, money and resources in the development and retention of its Inventions, Confidential
Information (including trade secrets), customers, accounts and business partners all of which constitute legitimate business interests
of Company, and further acknowledges that during the course of Consultant’s employment with Company Consultant has had and
will have access to Company’s Inventions and Confidential Information (including trade secrets), and will be introduced to
existing and prospective customers, accounts and business partners of Company. Consultant acknowledges and agrees that any and
all “goodwill” associated with any existing or prospective customer, account or business partner belongs exclusively
to Company, including, but not limited to, any goodwill created as a result of direct or indirect contacts or relationships between
Consultant and any existing or prospective customers, accounts or business partners. Additionally, the parties acknowledge and
agree that Consultant possesses skills that are special, unique or extraordinary and that the value of Company depends upon his
use of such skills on its behalf.

 

In recognition of this,
Consultant covenants and agrees that:

 

(a)            During the
Term, and for a period of one (1) year thereafter, Consultant may not, without the prior written consent of the President of Company,
(whether as an employee, agent, servant, owner, partner, consultant, independent contractor, representative, stockholder or in
any other capacity whatsoever) participate in any business that offers products or services competitive in any way to those offered
by Company or that were under active development by Company during the Term.

 

(b)            During the
Term, and for a period of one (1) year thereafter, Consultant may not entice, solicit or encourage any Company employee to leave
the employ of Company or any independent contractor to sever its engagement with Company, absent prior written consent to do so
from the Board.

 

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(c)            During the
Term, and for a period of one (1) year thereafter, Consultant may not, directly or indirectly, entice, solicit or encourage any
customer or prospective customer of Company to cease doing business with Company, reduce its relationship with Company or refrain
from establishing or expanding a relationship with Company.

 

		8.	Non-Disparagement.

 

Consultant hereby agrees
that during the Term, and at all times thereafter, Consultant will not make any statement that is disparaging about Company, any
of its management, officers, owners or employees, including, but not limited to, any statement that disparages the products, services,
finances, financial condition, capabilities or other aspect of the business of Company. Consultant further agrees that during the
same period Consultant will not engage in any conduct that is intended to inflict harm upon the professional or personal reputation
of Company or any of its management, officers, owners, or employees.

 

		9.	Relationship of Consultant to Company.

 

Consultant shall be
an independent contractor; in no event shall Consultant be considered an agent of Company.

 

		10.	Provisions Necessary and Reasonable.

 

(a)            Consultant
agrees that (i) the provisions of Sections 5, 6, 7 and 8 of this Agreement are necessary and reasonable to protect
Company’s Confidential Information, Inventions, and goodwill; (ii) the specific temporal, geographic and substantive provisions
set forth in Section 10 of this Agreement are reasonable and necessary to protect Company’s business interests; and
(iii) in the event of any breach of any of the covenants set forth herein, Company would suffer substantial irreparable harm and
would not have an adequate remedy at law for such breach. In recognition of the foregoing, Consultant agrees that in the event
of a breach or threatened breach of any of these covenants, in addition to such other remedies as Company may have at law, without
posting any bond or security, Company shall be entitled to seek and obtain equitable relief, in the form of specific performance,
and/or temporary, preliminary or permanent injunctive relief, or any other equitable remedy which then may be available. The seeking
of such injunction or order shall not affect Company’s right to seek and obtain damages or other equitable relief on account
of any such actual or threatened breach.

 

(b)            If any of
the covenants contained in Sections 5, 6, 7 and 8 hereof, or any part thereof, are hereafter construed to be invalid
or unenforceable, then the same shall not affect the remainder of the covenant or covenants, which shall be given full effect without
regard to the invalid portions.

 

(c)            If any of
the covenants contained in Sections 5, 6, 7 and 8 hereof, or any part thereof, are held to be unenforceable by a
court of competent jurisdiction because of the temporal or geographic scope of such provision or the area covered thereby, then
the parties agree that the court making such determination shall have the power to reduce the duration and/or geographic area of
such provision and, in its reduced form, such provision shall be enforceable.

 

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		11.	Termination – Other.

 

Company shall have
the right to terminate this Agreement on notice to Consultant

 

(a)            for commission
of a fraud against Company, provided that Company provides thirty (30) days’ notice to Consultant of the charges of fraud,
and Consultant has had the opportunity to respond to such charges, or such longer period as the parties may agree in writing, or

 

(b)            upon the
material breach of Sections 5, 6, 7 and 8 of this Agreement or, provided that Consultant shall have the right to
cure any such material breach within forty-five (45) days from the effective date of notice (as hereinafter provided) from Company
to Consultant of such material breach; provided, however, that if such cure cannot be reasonably be effected within such
forty-five (45) day period, cure is being diligently prosecuted by Consultant with reasonable prospects for a cure within a commercially
reasonable time, but in no event longer than ninety (90) days.

 

		12.	Indemnification.

 

(a)            Company
agrees to provide Consultant with indemnification insurance to the same extent it covers officers and directors of Company and
its subsidiaries, and indemnify and hold harmless Consultant, its officers and directors, and each controlling person of Consultant,
from and against any and all losses, claims, damages, or liabilities, joint or several, to which they or any of them may become
subject for acts committed within the scope of this Agreement.

 

(b)            Company
agrees to pay and advance all expenses incurred or to be incurred by Consultant, including reasonable attorneys’ fees and
expenses, in connection with the defense by Consultant its officers and directors, and each controlling person of Consultant, in
connection with any and all litigation or adversary proceedings commenced, which arose out of action or inaction by Consultant
during the term of this Agreement. Notwithstanding the foregoing, in the event any court of competent jurisdiction determines that
Consultant has committed any fraud with respect to Company or any other intentional tort wherein Consultant has procured a pecuniary
benefit at the expense of Company, then this Section 12(b) shall be void, and Consultant shall reimburse Company for all
expenses advanced hereunder.

 

13.            Survival.
The provisions of Sections 5-12 shall survive the termination of this Agreement.

 

14.            Taxes.
All taxes, duties and other governmental fees or charges arising from Consultant's receipt of remuneration shall be borne by Consultant.

 

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15.            Cumulative
Rights. The rights and remedies granted in this Agreement are cumulative and not exclusive, and are in addition to any and
all other rights and remedies granted and permitted under and pursuant to law.

 

16.            No Waiver.
The failure of any of the parties hereto to enforce any provision hereof on any occasion shall not be deemed to be a waiver of
any preceding or succeeding breach of such provision or any other provision.

 

17.            Entire Agreement.
This Agreement constitutes the entire agreement and understanding of the parties hereto and no amendment, modification or waiver
of any provision herein shall be effective unless in writing, executed by the party charged therewith.

 

18.            Governing
Law. This Agreement shall be construed, interpreted and enforced in accordance with and shall be governed by the laws of the
State of New York without regard to the principles of conflicts of laws. Each party hereto hereby irrevocably consents to
the exclusive jurisdiction and venue of the state courts and of any United States District Court located within the State of New
York, County of New York, with regard to any and all actions or proceedings arising out of, or relating to, this Agreement, irrevocably
waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any
such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court
has been brought in an inconvenient forum.

 

19.            Assignment
and Delegation of Duties. This Agreement may not be assigned by Consultant, and any attempted assignment hereof shall be void
and of no effect. This Agreement is in the nature of a personal service contract and the duties imposed hereby are non-delegable.            

 

20.            Paragraph
Headings. The paragraph headings herein have been inserted for convenience of reference only, and shall in no way modify or
restrict any of the terms or provisions hereof.

 

21.            Notices.
Any notice or other communication under the provisions of this Agreement shall be in writing, and shall be given by postage prepaid,
registered or certified mail, return receipt requested, by hand delivery with an acknowledgment copy requested, or by the Express
Mail service offered by the United States Post Office, directed to the addresses set forth above, or to any new address of which
any party hereto shall have informed the others by the giving of notice in the manner provided herein. Such notice or communication
shall be effective, if sent by mail, three (3) days after it is mailed within the continental United States; if sent by Express
Mail service, one day after it is mailed; or by hand delivery, upon receipt.

 

22.            Unenforceability; Severability.
If any provision of this Agreement is found to be void or unenforceable by a court of competent jurisdiction, then the remaining
provisions of this Agreement, shall, nevertheless, be binding upon the parties with the same force and effect as though the unenforceable
part had been severed and deleted.

 

23.            No Third
Party Rights. The representations, warranties and other terms and provisions of this Agreement are for the exclusive benefit
of the parties hereto, and no other person shall have any right or claim against any party by reason of any of those terms and
provisions or be entitled to enforce any of those terms and provisions against any party.

 

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24.            Counterparts.
 This Agreement may be executed in counterparts, all of which shall be deemed to be duplicate originals.

 

[Balance of Page Intentionally Left Blank
– Signature Page(s) Follow]

 

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IN WITNESS WHEREOF, the
parties have executed this Agreement on the dates set forth below.

 

	Inter Parfums, Inc.	 	Philippe Benacin Holding SAS
	 	 	 	 	 
	By:	/s/ Russell Greenberg	 	By:	/s/ Philippe Benacin
	Russell Greenberg, Chief Executive Officer	 	Philippe Benacin, President
	 	 	 
	Dated: March 27, 2014	 	Dated: March 27, 2014

 

    	9EXECUTION
VERSION

 

The
rights of the holder hereof are subordinate and inferior and subject to the rights of Cardinal Bank (Lender) under a Debt Subordination
Agreement among Lender, Gutteridge limited, widepoint global solutions, inc., WidePoint Corporation, and THE subsidiaries of widepoint
corporation dated MAY 1, 2014.

 

SUBORDINATED UNSECURED LOAN NOTE (“Loan
Note”)

 

		1.	DATE:                 1st day of May, 2014

 

		2.	This Loan Note is from:

 

		2.1.	WidePoint Global Solutions, Inc. a Delaware Corporation with an address at 7926 Jones Branch Drive, Suite 520, McLean, Virginia
22102 (“Promisor”) ;

 

and is made and addressed to

 

		2.2.	Gutteridge Limited, an Irish company with an address at Soft-Ex House, South County Business Park, Leopardstown, Dublin 18
(“Holder”).

 

		3.	RECITALS:

 

This Loan
Note is made pursuant to a share sale and purchase agreement of even date herewith and made between the Holder of the one part
and the Promisor of the other part whereby the Promisor agreed to purchase and the Holder agreed to sell all of the shares in the
Company (as that expression is hereinafter defined) to the Promisor for the consideration provided for therein which includes the
issue of this Loan Note.

 

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		4.	DEFINITIONS

 

	“Auditors”	means the Company’s auditors being PricewaterhouseCoopers;
	 	 
	“Business Day”	a day other than a Saturday, Sunday or public holiday in Ireland when banks in Dublin are open for business;
	 	 
	“Credit Agreement”	means the Commercial Loan Agreements, dated as of December 30, 2011 (as amended, modified, supplemented, extended, restated, refinanced, replaced or refunded from time to time), by and among the Promisor, WidePoint Corporation, certain subsidiaries of WidePoint Corporation and the various lenders from time to time party thereto, including but not limited to Cardinal Bank, and any renewal, extension, restatement, refinancing or refunding thereof.  
	 	 
	“Company”	means Soft-ex Communications Limited and its subsidiaries (as subsidiary is defined in Section 155 of the Companies Act, 1963);
	 	 
	“Completion”	means completion of the purchase of the shares in the Company by the Promisor pursuant to the Share Sale and Purchase Agreement;
	 	 
	“Debt Subordination	means the Debt Subordination Agreement dated 
	 	 
	Agreement”	1 May 2014 by and among the Promisor, certain subsidiaries of WidePoint Corporation, the Holder and the various lenders from time to time party to the Credit Agreement, including but not limited to Cardinal Bank, and any renewal, extension, restatement, refinancing or refunding thereof;

 

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	“Due Date”	means 30 days subsequent to completion of 12 months’ trading by the Company commencing the day subsequent to Completion; 
	 	 
	“Events of Default”	means the events described in Clause 8.1;
	 	 
	“Higher Interest Rate”	means ten percent (10%) per annum;
	 	 
	“Holder”	means Gutteridge Limited and its successors, assigns and legal successors in title including but not limited to any party to whom the benefit of this Loan Note has been novated to;
	 	 
	“Holder’s Bank Account”	means such bank account as shall be designated in writing or by email by the Holder’s Nominee to the Promisor; prior to the Due Date;
	 	 
	“Holder’s Nominee”	means Darren Daly of ByrneWallace Solicitors (or such other partner of ByrneWallace as is nominated by the partnership), contact details 88 Harcourt Street, Dublin 2, (email: ddaly@byrnewallace.com);
	 	 
	“Holder Notice”	means a notice served by the Promisor on the holders of the then-existing Senior Indebtedness in the circumstances described in Clause 9.2;

 

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	“Holder Notice Period”	means the period of ninety days commencing with the date of delivery of a Holder Notice to the holders of the then-existing Senior Indebtedness pursuant to the provisions of Clause 9.2;
	 	 
	“Interest”	means simple interest at the per annum rate of three percent (3%) and further described and calculated in accordance with Clause 5.1;
	 	 
	“Loan Note”	means this loan note;
	 	 
	“Note Funds”	means the Principal and Interest;
	 	 
	“Obligation”	means any principal, interest, premium, penalties, fees, expenses, indemnities and other liabilities and obligations (including guarantees of the foregoing liabilities and obligations) payable under the documentation governing any Senior Indebtedness;
	 	 
	“Post-Completion Period”	means the final three calendar months of the twelve-month period following Completion;
	 	 
	“Pre-Completion Period”	means the final three calendar months of the twelve month period immediately prior to Completion; 
	 	 
	“Post-Completion Revenues”	means aggregated Revenues generated by the Company during the Post-Completion Period;
	 	 
	“Pre-Completion Revenues”	means aggregated Revenues generated by the Company during the Pre-Completion Period;

 

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	“Principal”	means US$1,000,000;
	 	 
	“Promisor”	means WidePoint Global Solutions, Inc.;
	 	 
	“Revenues”	means turnover generated by the Company and calculated in respect of the Post-Completion Period and the Pre-Completion Period respectively using the same turnover recognition policies, and the same accounting principles;
	 	 
	“Senior Indebtedness”	means all Obligations (i) of the Promisor under, or in respect of, (x) the Credit Agreement, and (y) each other Loan Document (as defined in the Credit Agreement) to which the Promisor is a party;
	 	 
	“Subordinated Indebtedness”	means the Principal and all Interest on, and all other amounts owing in respect of, this Loan Note;
	 	 
	“Share Sale and Purchase Agreement”	means the agreement described in Clause 3 above.

 

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		5.	NOW IT IS HEREBY AGREED as follows:-

 

		5.1.	Subject to the provisions of Clause 6, the Promisor hereby agrees to pay the Principal to the Holder
on the Due Date (or on any earlier date if the Principal is paid on a date earlier than the Due Date) together with the Interest
computed on the Principal from the date hereof to the Due Date (or earlier date as hereinbefore specified) on the basis of a year
of 365 days and actual days elapsed (including the first day but excluding the last day) occurring during the period in respect
of which Interest is payable. Notwithstanding the foregoing, all amounts outstanding at any time under this Loan Note shall be
subject to withholding, adjustment and offset as provided in the Share Sale and Purchase Agreement and the Deed of Indemnity (as
such term is defined in the Share Sale and Purchase Agreement).

 

		5.2.	Any payment to be made by Promisor shall be in one lump sum by electronic funds transfer to the
Holder’s Bank Account as nominated by the Holder’s Nominee.

 

		5.3.	Save as provided for in this Loan Note and the Debt Subordination Agreement the Note Funds shall
rank pari passu equally and rateably without discrimination or preference as an unsecured obligation of the Promisor.

 

		5.4.	Where any payment to the Holder, whether of Principal, Interest or otherwise, is due in accordance
with the terms of this Loan Note on a day that is not a Business Day, payment shall take place on the next succeeding Business
Day. If that next succeeding Business Day is in the month following the month in which payment would otherwise be made, payment
shall take place on the immediately preceding Business Day.

 

		5.5.	Except as set forth in the Share Sale
and Purchase Agreement, payments of Principal and Interest under this Loan Note shall be paid by the Promisor to the Holder, without
any deduction, adjustment or withholding (whether in respect of any set-off, counterclaim or otherwise whatsoever) unless the deduction
or withholding is required by law.

 

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		6.	PAYMENT TERMS

 

		6.1.	The right of the Holder to receive payment of the Note Funds shall be conditional upon the Company
having complied with the condition as set out in clause 6.3. The right of the Holder to receive payment of the Note Funds shall
not be conditional on any other factor, other than satisfaction of any conditions to payment set forth in the Debt Subordination
Agreement.

 

		6.2.	Revenues shall be calculated by the Company and certified by the Auditors. The Auditors shall provide
such a certificate within 21 days of the end of the Post-Completion Period. In the event of any dispute between the parties in
relation to the calculation of the Pre-Completion Revenues or the Post-Completion Revenues then the dispute shall be resolved using
the dispute resolution mechanism as set out in clause 4.3 of the Share Sale and Purchase Agreement.

 

		6.3.	If Post-Completion Revenues are a sum that is at least equal to, or exceeds 75% of Pre-Completion
Revenues (as certified by the Auditors), then the Note Funds shall be repaid in full on the Due Date.

 

		6.4.	If Post-Completion Revenues are a sum that is less than 75% of Pre-Completion Revenues, then the
full face value of the Loan Note shall be abrogated and the obligations of the Promisor under this Loan Note shall be cancelled
and waived and the Promisor shall be under no further obligation whatsoever to the Holder under this Loan Note whether in regard
to the Principal, Interest or otherwise.

 

		6.5.	If the Promisor is obliged to repay the Note Funds pursuant to clause 6.3 and if the Note Funds
have not been fully repaid on the Due Date, then the Higher Interest Rate shall be payable on the then-outstanding Principal with
effect from the Due Date until payment in full.

 

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		6.6.	In the event that the Promisor shall sell the shares of the Company acquired by it under the Share
Sale and Purchase Agreement or sell all or substantially all of the assets of the Company to a third party (and not, in either
case, for the avoidance of doubt, as part of a reconstruction, reorganisation or amalgamation between the Promisor and any subsidiary
or holding company) during the term of this Loan Note, the Due Date shall be brought forward to a date being 30 days following
completion of any such sale. In such circumstances the repayment of the Note Funds by the Promisor shall not be conditional upon
the Company having generated Post-Completion Revenues of an amount being not less than 75% of the Pre-Completion Revenues generated
by the Company.

 

		6.7.	The Principal and Interest may be paid in whole or in part at any time prior to the Due Date without
premium or penalty (other than the payment of the Interest then due).

 

		7.	FEES AND EXPENSES

 

		7.1.	Whenever a solicitor is used to obtain payment under, or to otherwise enforce, this Loan Note or
to enforce, declare, or adjudicate any rights or obligations under this Loan Note, whether by issuing proceedings or by any other
means whatsoever, his/her reasonable legal fees, counsel’s fees, Value Added Tax thereon and all other costs and expenses
reasonably incurred shall be payable by the non-defaulting party.

 

		8.	EVENTS OF DEFAULT

 

		8.1.	Each of the following shall constitute an Event of Default hereunder:-

 

		8.1.1.	If the Promisor fails to pay the Principal or Interest on the Due Date which failure continues
for a period of ten (10) days after Promisor’s receipt of written notice from the Holder;

 

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		8.1.2.	If the Promisor shall admit in writing its inability to pay its debts as they become due, file
a petition in bankruptcy or make a petition to take advantage of any insolvency act; make an assignment for the benefit of creditors,
commence a proceeding for the appointment of a receiver, trustee, liquidator or conservator of all or any substantial part of its
property; file a petition or answer seeking reorganization or similar relief under the federal bankruptcy laws or any similar law
or statute governing the relative rights of debtors and creditors; and

 

		8.1.3.	If any creditor of the Promisor shall file a petition in bankruptcy against the Promisor and if
such petition shall not be discharged or dismissed within sixty (60) calendar days after the date on which such petition was filed.

 

		8.2.	In the event of the happening of any Event of Default, then the Principal and Interest shall forthwith
become due and payable without any notice or demand whatsoever and the Higher Interest Rate shall be payable on the then-outstanding
Principal with effect from the happening of the Event of Default until payment in full of the outstanding Note Funds.

 

		9.	SUBORDINATION PROVISIONS

 

		9.1.	Subordination of Liabilities

 

		9.1.1.	The Promisor covenants and agrees, and the Holder, by its acceptance of this Loan Note, likewise
covenants and agrees, that the payment of the Subordinated Indebtedness is hereby expressly subordinated, to the extent and in
the manner set forth in the Debt Subordination Agreement.

 

		9.2.	Delivery of Holder Notice.

 

		9.2.1.	In the event that any default or event of default shall exist in respect of the Senior Indebtedness
then-outstanding solely as a result of the Holder declaring an Event of Default under this Loan Note, the Holder shall deliver
a Holder Notice of such Event of Default to the holders of then-existing Senior Indebtedness which Holder Notice shall include,
at a minimum,

 

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(a)
a detailed description of such Event of Default,

(b)
a statement by the Holder that the Holder intends to exercise its rights under this Clause 9.2.1 and that action is required by
the holders of then-existing Senior Indebtedness in order to prevent the Holder from exercising its rights under this Clause 9.2.1,

 (c) a copy of this Loan Note,

(d)
a notice address for the Holder, and

(e)
the date on which the Holder Notice Period shall terminate.

If, during the Holder Notice
Period, each holder of then-existing Senior Indebtedness shall either,

 

		(i)	deliver to the Holder a signed writing waiving its rights
to declare a default or event of default under the Senior Indebtedness as a result of the Event of Default which is the subject
of the Holder Notice; or

 

		(ii)	fail to deliver to Holder a notice in writing indicating
that such holder of then-existing Senior Indebtedness intends to exercise its rights under the Senior Indebtedness with respect
to such default or event of default,

 

then the Holder may pursue any
and all remedies it may have under this Loan Note.

 

		9.3.	Subordination to Prior Payment of all Senior Indebtedness on Dissolution, Liquidation or Reorganization
of Promisor.

 

		9.3.1.	Upon any distribution of assets of the Promisor or upon dissolution, winding up, liquidation or
reorganisation of the Promisor (whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit
of creditors or otherwise):

 

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		9.3.1.1.	the holders of all Senior Indebtedness shall first be entitled to receive payment in full in cash
of all Senior Indebtedness (including, without limitation, post-petition interest at the rate provided in the documentation with
respect to the Senior Indebtedness, whether or not such post-petition interest is an allowed claim against the debtor in any bankruptcy
or similar proceeding) before the Holder is entitled to receive any payment of any kind or character on account of the Subordinated
Indebtedness;

 

		9.3.1.2.	any payment or distribution of assets of the Promisor of any kind or character, whether in cash,
property or securities to which the Holder would be entitled except for the provisions of this Clause 9, shall be paid by the liquidating
trustee or agent or other person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating
trustee or other trustee or agent, directly to the holders of Senior Indebtedness or to the trustee or trustees under any indenture
under which any instruments evidencing any Senior Indebtedness may have been issued as their respective interests may appear to
the extent necessary to make payment in full in cash of all Senior Indebtedness remaining unpaid.

 

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		9.4.	Obligation of the Promisor Unconditional. 

 

		9.4.1.	Nothing contained in this Clause 9 is intended to or shall impair, as between the Promisor, on
one hand, and the Holder, on the other hand, the obligations of the Promisor to pay to the Holder all sums due on this Loan Note
as and when the same shall become due and payable in accordance with the terms hereof, or is intended to or shall affect the relative
rights of the Holder and creditors of the Promisor other than the holders of Senior Indebtedness, nor shall anything herein or
therein prevent the Holder from exercising all remedies otherwise permitted by applicable law upon an Event of Default under this
Loan Note, subject to the provisions of this Clause 9 and the rights, if any, under this Clause 9 of the holders of Senior Indebtedness
in respect of cash, property, or securities of the Promisor received upon the exercise of any such remedy. Upon any distribution
of assets of the Promisor referred to in this Clause 9, the Holder shall be entitled to rely upon any order or decree made by any
court of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending, or
a certificate of the liquidating trustee or agent or other person making any distribution to the Holder, for the purpose of ascertaining
the persons entitled to participate in such distribution, the holders of Senior Indebtedness and any other indebtedness of the
Promisor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent
thereto or to this Clause 9.

 

		9.5.	Rights to Alter Terms of Senior Indebtedness; No Impairment. 

 

		9.5.1.	The holders of Senior Indebtedness may, without in any way affecting the obligations of the Holder
with respect hereto, at any time or from time to time and in their absolute discretion, change the manner, place or terms of payment
of, change or extend the time of payment of, or renew, increase or otherwise alter, any Senior Indebtedness or amend, modify or
supplement any agreement or instrument governing or evidencing such Senior Indebtedness or any other document referred to therein,
or exercise or refrain from exercising any other of its rights under the Senior Indebtedness including, without limitation, the
waiver of default thereunder and the release of any collateral securing such Senior Indebtedness, all without notice to or assent
from the Holders.

 

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		9.5.2.	No right of any present or future holders of the Senior Indebtedness to enforce subordination as
herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Promisor
or by any act or failure to act in good faith by any such holder, or by any noncompliance by the Promisor with the terms and provisions
of this Loan Note, regardless of any knowledge thereof which any such holder may have or be otherwise charged with.

 

		9.6.	Further Assurance 

 

		9.6.1.	The Holder hereby agrees to execute and deliver to the holders of Senior Indebtedness within 10
days of receiving a written request therefor, any additional subordination agreements or other evidence of subordination which
may be required by the holders of Senior Indebtedness from time to time.

 

		10.	NOTICES

 

		10.1.	Notices or other communications (a “Notice”) given
in connection with this Loan Note shall be in writing and shall be: 

 

		(a)	delivered by hand to the address in Clause 10.3 of the party to which the Notice is being given
or to such other address as such party shall communicate to the party giving the Notice; or

 

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		(b)	sent by internationally recognised courier marked for the attention of the contact person in Clause
10.3 of the party to which the Notice is being given or to such other contact person as such party shall communicate to the party
giving the Notice.

 

For the avoidance
of doubt, a communication or message contained in the body of an e-mail message shall not constitute a Notice for the purposes
of this Loan Note.

 

		10.2.	Every Notice given in accordance with this clause shall be deemed
to have and been received as of the day of delivery; PROVIDED THAT if the receipt is not within working hours (being 9 am to 5
pm on a Business Day), Notice shall be deemed to be given or made at the start of working hours on the next Business Day.

 

		10.3.	The relevant contact person, address and email address of each
party for the purposes of this Loan Note are:

 

	Name of party	Contact Details
	 	 
	Promisor	WidePoint Global Solutions, Inc.
	 	 
	 	Contact Person: James McCubbin
	 	 
	 	Address: 7926 Jones Branch Drive, Suite 520
	 	 
	 	McLean, Virginia 22102
	 	 
	 	Email address: jmccubbin@widepoint.com
	 	 
	Holder’s Nominee	ByrneWallace Solicitors
	 	 
	 	Contact Person: Darren Daly
	 	 
	 	Email address: ddaly@byrnewallace.com
	 	 
	 	Address: 88 Harcourt Street, Dublin 2, Ireland

 

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		10.4.	All notices to be secured by or upon the Holder pursuant to this
Loan Note shall be served on the Holder’s Nominee.

 

		11.	SUBORDINATION PAYMENT

 

			Notwithstanding anything to the contrary set forth in this Loan Note, in the event that the Principal
and Interest outstanding under this Loan Note shall not be paid as of the Due Date solely as a result of the provisions of Clause
9 of this Loan Note and or the provisions of the Debt Subordination Agreement, then, in addition to the payment of Principal and
Interest (including Higher Interest) outstanding under this Loan Note, the Promisor shall pay to the Holder a one-time payment
in the amount of Ten Thousand Dollars (US$10,000), with such payment to be made to the Holder simultaneously with the payment of
Principal and Interest (including Higher Interest) under this Loan Note.

 

		12.	NO VARIATIONS ETC.

 

			This Loan Note may not be varied, changed, waived, discharged, or terminated except by an instrument
in writing signed by the Promisor and the Holder.

 

		13.	COUNTERPARTS

 

			This Loan Note may be executed in one or more counterparts, and by the different parties hereto
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 Loan Note. This Loan Note, to the extent signed and delivered by means of a facsimile machine or
other electronic transmission (including .pdf files), shall be treated in all manner and respects and for all purposes as an original
instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered
in person.

 

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		14.	JURISDICTION AND LAW

 

		14.1.	The Courts of Ireland have exclusive jurisdiction to hear and decide any suit, actions or proceedings,
and to settle any disputes, which may arise out of or in connection with this Loan Note, and for these purposes, each party irrevocably
submits to the jurisdiction of the Courts of Ireland.

 

		14.2.	This Loan Note shall be governed by and shall be construed in accordance with the laws of Ireland.

 

		15.	MISCELLANEOUS

 

		15.1.	If any court of competent jurisdiction determines that any of the provisions of this Loan Note
are illegal or unenforceable, then such provisions shall be construed so that the remaining provisions of this Loan Note shall
not be affected, but shall remain in full force and effect, and any such illegal or unenforceable provisions shall be deemed, without
further action on the part of any person or entity, to be modified, amended, severed and/or limited, but only to the extent necessary
to render the same valid and enforceable in the applicable jurisdiction.

 

		15.2.	Except to the extent otherwise expressly set forth in this Loan Note or the Debt Subordination
Agreement, neither this Loan Note nor the rights or obligations of Promisor or Holder hereunder, shall be assigned, transferred
or otherwise encumbered, in whole or in part, whether voluntarily or by operation of law, without the prior written consent of
the Promisor and Holder, and any attempted assignment without such consent shall be void and without legal effect.

 

		16.	COVENANTS OF PROMISOR

 

		16.1.	Following Completion and during the period of this Loan Note, the Promisor shall procure that the
Company shall:

 

		16.1.1.	not deliberately do anything the primary intent of which is to adversely affect the business of
the Company;

 

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		16.1.2.	not, except with the prior written consent of Holder, acquire (whether by purchase, subscription,
incorporation or otherwise) any business or trade;

 

		16.1.3.	not transfer, divert or direct the custom of any existing client of the business of the Company
as of the date of this Loan Note elsewhere or seek to do so; or

 

		16.1.4.	not accelerate the payment of any cost or expenditure payable or delay the invoicing, recognition
or receipt of any revenue receivable or otherwise take or omit to take any step outside the ordinary course of business with the
intention of artificially decreasing turnover.

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

 

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IN WITNESS WHEREOF, the Promisor has caused
this Loan Note to be executed by its duly authorised officers.

 

	Attest:	 	PROMISOR:
	 	 	 
	 	 	WIDEPOINT GLOBAL SOLUTIONS, INC.
	 	 	 
	By:	 	 	By:	 
	 	James T. McCubbin	 	 	Steve L. Komar
	 	Secretary	 	 	President

 

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