Document:

Document

EXHIBIT 10.30

SEPARATION AGREEMENT AND GENERAL RELEASE

THIS SEPARATION AGREEMENT AND GENERAL RELEASE (the "Agreement") is entered into between Professional Holding Corp., a Florida corporation (the "Parent"), Professional Bank, a Florida state-chartered commercial bank (the "Bank") (collectively, Parent and Bank are referred to as the "Company") and Daniel R. Sheehan ("Executive") (collectively, Company and Executive are referred to as the "Parties").

1.Effective February 22, 2022, Executive voluntarily resigned his employment with Company. Under the terms of the Employment Agreement between Company and Executive dated December 1, 2021 (the "Employment Agreement"), Executive became ineligible for severance upon his voluntary resignation. However, in exchange for Executive's execution and non revocation of this Agreement, along with the General Release attached hereto, Company will pay to Executive the severance benefits outlined in Section 2 below. Upon Executive's voluntary resignation, Executive became ineligible to participate in, or be covered by, any employee benefit plan or program offered by or through Company, and Executive shall not receive any benefits or payments from Company, except as specifically set forth in this Agreement.

2.Severance.

(a)In exchange for Executive's execution and non-revocation of this Agreement and the General Release attached hereto, Company shall pay Executive each of the following, as provided in Executive's Employment Agreement when terminated without cause by the Company (collectively, the "Severance"), which shall comply with Section 21 of the Employment Agreement:

(i)a separation allowance, payable in equal installments in accordance with normal payroll practices over the eighteen (18) month period beginning immediately following the date of termination, equal to the product of (x) two (2) multiplied by (y) the sum of (A) the Annual Base Salary (as defined in the Employment Agreement) as of immediately prior to the date of termination and (B) the Target Bonus (as defined in the Employment Agreement) as of immediately prior to the date of termination (or, if none has been established, the Target Bonus in respect of the fiscal year completed prior to the date of termination);

(ii)any unpaid Annual Bonus (as defined in the Employment Agreement) earned by Executive in respect of the fiscal year of the Parent that was completed on or prior to the date of termination (the "Unpaid Annual Bonus"), which Unpaid Annual Bonus shall be paid in a lump sum in cash within thirty (30) days following the date of termination (or any later date as may be required by Section 409A of the Code);

(iii) a prorated Annual Bonus in respect of the fiscal year of the Parent in which the date of termination occurs, with such amount to equal the product of (A) the portion of the Target Bonus for the fiscal year in which the date of termination occurs, such portion to be based on Executive's actual performance achieved for such fiscal year as measured against his performance goals for that fiscal year, as determined by the Compensation Committee (as defined in the Employment Agreement); and (B) a fraction, (I) the numerator of which is the number of days in the fiscal year of the Parent in which the date of termination occurs through the date of 
1

termination, and (II) the denominator of which is 365 (the "Prorated Annual Bonus"), which Prorated Annual Bonus shall be paid in a lump sum in cash within thirty (30) days following the date of termination (or any later date as may be required by Section 409A of the Code);

(iv)Parent and Bank shall arrange and pay all costs for Executive to continue to participate (through reimbursement by Bank to Executive for COBRA payments, insurance premiums, or otherwise) on substantially the same terms and conditions as in effect for Executive immediately prior to such termination, in the medical, dental, vision, disability and life insurance programs provided to Executive under Section 5(a) of the Employment Agreement until the earlier of (i) the end of the eighteen (18) month period beginning on the effective date of the termination of Executive's employment hereunder, or (ii) such time as Executive is eligible to be covered by comparable benefit(s) of a subsequent employer, with Executive to notify the Parent promptly upon eligibility for any such comparable coverage; and

(v)all of Executive's equity awards, including SARs, Stock Options, and Restricted Stock (as each is defined in the Employment Agreement), whether or not granted pursuant to the Employment Agreement, that are outstanding as of the date of termination shall fully vest, with the vesting of any performance-based awards to be determined based on the actual performance measured as of the last practicable date prior to the date of termination. Any Stock Options held by Executive shall remain exercisable for the full remaining term to the same extent as if Executive had remained actively employed by the Bank Group (as defined in the Employment Agreement), and any SARs will remain outstanding through the Liquidity Event (as defined in the Parent's 2014 Share Appreciation Rights Plan). The "Unit Appreciation Payment" (as defined in the Parent's 2014 Share Appreciation Rights Plan) in respect of outstanding SARs would be deemed to be equal to the amount determined as of the Liquidity Event and be paid at the time set forth in such plan. Awards (other than SARs, Stock Options and Restricted Stock Awards) shall be settled as soon as reasonably practicable following the date of termination (but not later than thirty (30) days following the termination date) or such later date as is required by 409A of the Code. For the avoidance of doubt, the terms of this Section (2)(a)(v) shall supersede any different terms set forth in the plans or award agreements governing equity awards held by Executive.

(b) Without limiting the generality or force or effect of the General Release attached as Exhibit A to this Agreement, it is agreed and intended that the Severance shall be deemed to satisfy all claims by Executive for backpay, front pay, minimum wages, overtime compensation, bonus payments, benefits or compensation of any kind (or the value thereof), and/or for liquidated damages or punitive damages (under any applicable statute or at common law). Furthermore, Executive represents that he has been paid for all monies, wages, compensation and/or benefits due and owing to him as a result of his employment with Company. It is agreed that this pay is also wages in lieu of notice for purposes of the Unemployment Compensation (Reemployment Assistance Program) Law. Therefore, it is understood that any eligibility that Executive may have to receive unemployment compensation will not begin until expiration of all pay specified herein. Information regarding Executive's eligibility to continue benefits through COBRA, if applicable, will be provided under separate cover.

3.General Release: Executive shall execute the General Release attached hereto as Exhibit A For the avoidance of doubt, any revocation of the General Release pursuant to its terms shall be considered a revocation of this Agreement in its entirety, rendering it null and void.

2

4.Covenant Not to Sue. Without in any way limiting the generality of the foregoing, Executive hereby covenants not to sue or to assert, prosecute, or maintain, directly or indirectly, in any form, any claim or cause of action against any person or entity being released pursuant to the General Release with respect to any matter, cause, omission, act, or thing whatsoever; occurring in whole or in part on or at any time prior to the date of this Agreement. Executive agrees that he will not seek or accept any award or settlement from any source or proceeding with respect to any claim or right released or waived in the General Release.

5. Return of Property. Executive represents and warrants that he has returned all property, documents and information in his possession, custody or care that belong to or that are owned by the Company.

6. Confidentiality.

(a)Confidential Matters. Executive reaffirms his obligations with respect to Confidential Information, as defined in Section 10 of his Employment Agreement. Executive acknowledges and agrees that such ongoing obligations survive his execution of this Agreement. Notwithstanding anything to the contrary in this Agreement, Executive may communicate directly with the Securities and Exchange Commission regarding possible securities law violations, including sharing Confidential Information relevant to such concerns and participating in any investigation or proceeding that may be conducted by the Securities and Exchange Commission, without notice to Company.

(b)Confidentiality of Terms of Agreement. The terms and conditions of this Agreement, as well as the circumstances leading thereto, are and shall be deemed to be fully confidential and shall not hereafter be disclosed by Executive to any other person or entity, except: (i) as may be required by law; and (ii) that Executive may disclose the existence, terms, and conditions of this Agreement to his attorney, spouse, and/or accountant, provided that Executive makes the person to whom disclosure is made aware of the confidentiality provisions of this Agreement and such person agrees to keep the terms of this Agreement fully confidential. Should Executive be required by law to disclose this Agreement or any of its terms, Executive shall give as much notice, in writing, to Company as possible prior to his disclosure of the Agreement or its terms. Executive acknowledges and agrees that Company may disclose the terms to the State unemployment agency.

7.Mutual Non-Disparagement. Executive agrees that he will not (i) disparage or encourage or induce others to disparage the Company or the Releasors, as that term is defined in the General Release attached hereto as Exhibit A, which includes, but is not limited to, communications, posts, or publications of any kind that are negative or derogatory about Company or any of its current or past employees, officers, owners, or agents regardless of its believed truth or (ii) engage in any conduct or induce any other person or entity to engage in any conduct that is any way injurious to Company's reputation and interests (including, without limitation, any negative or derogatory statements or writings). Executive acknowledges and agrees that his statements can be disparaging and in breach of this provision, even if they do not expressly name Company (or the other individuals mentioned above) if, through context or inference, the

3

statements can be understood to be directed at Company (or the other individuals mentioned above).
The boards of directors of the Parent and the Bank as well as the Bank's executive management team agree that they will not (i) disparage or encourage or induce others to disparage Executive, which includes, but is not limited to, communications, posts, or publications of any kind that are negative or derogatory about Executive or any of agents regardless of its believed truth or (ii) engage in any conduct or induce any other person or entity to engage in any conduct that is any way injurious to Executive's reputation and interests (including, without limitation, any negative or derogatory statements or writings).

8. No Re-Hire. Executive recognizes and acknowledges that Executive's employment relationship with Company has been permanently and irrevocably severed and that he is therefore not eligible for rehire or re-employment with Company at any time in the future and hence covenants that at no time will he seek employment with or to be hired by Company. Executive acknowledges and agrees that Company's failure to re-hire him does not constitute retaliation.

9.No Admission of Wrongdoing. The making of this Agreement is not intended, and shall not be construed, as an admission that Company or any of the Releasees (as defined in the General Release) has violated any federal, state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrongdoing whatsoever against Executive or otherwise.

10.Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be illegal, void or unenforceable, such provision shall have no effect; however, the remaining provisions shall be enforced to the maximum extent possible. Should Executive breach this Agreement prior to receiving any or all of the Severance provided for in this Agreement, Executive shall forfeit any and all unpaid portions of the Severance as of the time of his breach and shall immediately return all portions of the Severance already received under this Agreement; provided, however, prior to ceasing payment or seeking forfeiture of any paid or unpaid amounts, the Company shall provide Executive with written notice of the alleged breach and fifteen (15) days to cure. Nothing in this section shall limit the Releasees' rights or remedies to recover damages relating to Executive's breach. Executive's obligations under this Agreement do not end upon Executive's receipt of the Severance provided for by this Agreement. Rather, Executive's obligations hereunder shall continue for as long as possible under applicable law.

11. Complete Agreement and Construction. This Agreement constitutes the complete understanding between the Parties and supersedes all prior agreements or understandings between the Parties, whether written or oral, pertaining to any subject matter raised in or by this Agreement, with the exception of Executive's ongoing obligations in his Employment Agreement which shall survive the execution of this Agreement. Executive acknowledges that neither Company nor any of its agents or representatives has made any representation or promises to Executive other than as set forth herein. No other promises or agreements shall be binding unless in writing and signed by the Parties. This Agreement is binding upon, and shall inure to the benefit of, the Parties and their respective heirs, executors, administrators, successors and assigns. Should any provision of this Agreement require interpretation or construction, it is agreed by the Parties that the entity interpreting or construing this Agreement shall not apply a presumption that the

4

provisions hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be construed more strictly against the party who prepared the Agreement, it being agreed that all Parties have participated in the preparation of all provisions of this Agreement.

12.Choice of Law and Venue. This Agreement shall be enforced, governed and interpreted by the laws of the State of Florida without regard to Florida's conflict of laws principles. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled in a court of competent jurisdiction in the State of Florida in Palm Beach County.

13. Use in Event of Breach. The Parties agree that this Agreement may be used as evidence only in a subsequent proceeding in which any of the Parties allege a breach of this Agreement.

14.Attorney's Fees. In the event that it shall be necessary for any party to institute any action to enforce any of the terms, conditions, or provisions contained herein, or for any breach thereof, or for either party to defend an action instituted by the other party relating to this Agreement, the prevailing party shall be entitled to recover from the opposing party (or parties) its attorneys' fees, paralegals' fees, taxable costs, non-taxable costs, expert witness fees, and all other litigation expenses incurred in such litigation or related appellate proceedings.

15. Waiver of Right to Jury Trial. The Parties each expressly waive the right to a jury trial and agree that any disputes regarding the Agreement shall be tried by the Court without a Jury.

16. Advice of Counsel. Executive acknowledges and represents that he has had the opportunity to seek the advice of counsel and has had the opportunity to consult with an attorney before signing this Agreement and has been encouraged to do so; and that he has been afforded the opportunity to consider the terms of this Agreement for a reasonable period of time prior to execution. Executive further acknowledges that he has read this Agreement in its entirety, that he fully understands all of the terms and their significance, that he has signed voluntarily and of his own free will, and that he intends to abide by its provisions without exception.

17. Amendment. This Agreement, including this Section, may not be amended, nor any provision waived, in whole or in part, except by written agreement signed by Company and Executive.

18.Execution in Counterparts. This Agreement may be signed in counterparties, each of which will be deemed an original document, but all of which will constitute one agreement. The executed versions of the Agreement will be provided electronically, with originals to be sent to Company's counsel.

Signature Page to Follow

5

By signing below, I acknowledge that I have read and understood this Agreement and agree to be bound by the Agreement in exchange for the consideration I am due to receive under the Agreement which I am not otherwise entitled to.

"Executive"

/s/ Daniel R. Sheehan

Daniel R. Sheehan

Dated: 3/10/22

Company executes this Agreement this 11th day of March , 2022.

Professional Holding Corp.

/s/ Abel Iglesias
By: Abel Aglesias
Its: President and Chief Executive Officer
Dated: 3/11/22   

Professional Bank

/s/ Abel Iglesias
By: Abel Aglesias
Its: President and Chief Executive Officer
Dated: 3/11/22   

6

Exhibit A

GENERAL RELEASE OF CLAIMS

This General Release of Claims (this "Agreement") is entered into on March 10, 2022, by and among Professional Holding Corp., a Florida corporation (the "Parent"), Professional Bank, a Florida state-chartered commercial bank (the "Bank"), and Daniel R. Sheehan (the "Executive").

1.General Release and Waiver of Claims.

a.Release. In consideration of the payments and benefits provided under the Employment Agreement, dated as of December 1, 2021, by and among the Parent, the Bank and the Executive (the "Employment Agreement"), and after having the opportunity to consult with counsel, the Executive and each of the Executive's respective heirs, executors, administrators, representatives, agents, attorneys, successors and assigns (collectively, the "Releasors") hereby irrevocably and unconditionally release and forever discharge the Bank Group (as defined in the Employment Agreement) and its officers, employees, directors and agents ("Releasees") from any and all claims, actions, causes of action, rights, judgments, obligations, damages, demands, accounting or liabilities of whatever kind or character (collectively, "Claims") that the Releasors may have arising out of the Executive's employment relationship with and service as an employee, officer or director of the Bank Group, and the termination of any such relationship or service, in each case up to and including the Executive's date of termination; provided, however, that notwithstanding anything contained herein to the contrary, this Agreement shall not affect: (i) the obligations of the Bank Group set forth in the Employment Agreement and the Separation Agreement which survive termination or expiration, including without limitation under Sections 8, 20 and 26, or under any other benefit plan, agreement, arrangement or policy of the Bank Group that is applicable to the Executive that, in each case, by its terms, contains obligations that are to be performed after the date hereof by the Bank Group; (ii) any indemnification or similar rights the Executive has as a current or former officer, director, employee or agent of the Bank Group, including, without limitation, any and all rights thereto under applicable law, the Parent's or the Bank's bylaws or other governance documents, or any rights with respect to coverage under any directors' and officers' insurance policies and/or indemnification agreements; (iii) benefits or the right to seek benefits under applicable workers' compensation and/or unemployment compensation statutes; and (iv) any Claims that may arise in the future from events or actions occurring after the date of the Executive's execution of this General Release of Claims or that Executive may not by law release through an agreement such as this.

b.Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under the Agreement, the Releasors hereby unconditionally release and forever discharge the Releasees from any and all Claims that the Releasors may have as of the date the Executive signs this Agreement arising under the Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder ("ADEA''). By signing this Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Parent in connection with the Executive's termination of employment to consult with an attorney of the Executive's choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive's release of claims 

7

arising under ADEA, and the Executive has in fact consulted with an attorney; (ii) the Executive was given a period of not fewer than twenty-one (21) calendar days to consider the terms of this Agreement and to consult with an attorney of the Executive's choosing with respect thereto; and (iii) the Executive knowingly and voluntarily accepts the terms of this Agreement. The Executive also understands that the Executive has seven (7) calendar days following the date on which the Executive signs this Agreement within which to revoke the release contained in this Section l(b), by providing the Parent a written notice of the Executive's revocation of the release and waiver contained in this Section l(b),

c.No Assignment. The Executive represents and warrants that the Executive has not assigned any of the Claims being released under this Agreement.

2.Proceedings. The Executive has not filed, and agrees not to initiate or cause to be initiated on the Executive's behalf, any complaint, charge, claim or proceeding against the Releasees with respect to any Claims released under Section 1(a) or (b) before any local, state or federal agency, court or other body (each, individually, a "Proceeding"), and agrees not to participate voluntarily in any Proceeding involving such Claims. The Executive waives any right the Executive may have to benefit in any manner from any relief (whether monetary or otherwise) arising out of any Proceeding involving such Claims. To the maximum extent permitted by law, the Executive waives any right he may have to benefit in any manner from any relief (whether monetary or otherwise) arising out of any Proceeding, provided that the foregoing shall not apply to any legally protected whistleblower rights (including under Rule 21F under the Securities Exchange Act of 1934).

3. Severability Clause. In the event any provision or part of this Agreement is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Agreement, will be inoperative.

4. No Admission. Nothing contained in this Agreement will be deemed or construed as an admission of wrongdoing or liability on the part of the Bank Group.

5. Governing Law and Venue. All matters affecting this Agreement, including the validity thereof, are to be governed by, and interpreted and construed in accordance with, the laws of the State of Florida applicable to contracts executed in and to be performed therein. The parties acknowledge that a substantial portion of the negotiations, anticipated performance and execution of this Agreement occurred or shall occur in Palm Beach County, Florida. Any civil action or legal proceeding arising out of or relating to this Agreement shall be brought in the courts of record in the State of Florida in Palm Beach County or the United States District Court, Southern District of Florida. Each party consents to the jurisdiction of such Florida court in any such civil action or legal proceeding and waives any objection to the laying of venue of any such civil action or legal proceeding in such Florida court. Service of any court paper may be effected on such party by mail, as provided in this Agreement, or in such other manner as may be provided under applicable laws, rules of procedure or local rules.

6.Counterparts. This Agreement may be executed in counterparts and each counterpart will be deemed an original.

8

7.     Notices. All notices, requests, demands or other communications under this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or deposited in the United States mail, postage prepaid, by registered or certified mail, return receipt requested, to the pa1iy to whom such notice is being given as follows:

As to the Executive: the Executive's last address on the books and records of the Parent 

As to the Parent:   Professional Holding Corp.
                              Attention: General Counsel
						
		
		

   Any party may change his, her or its address or the name of the person to whose attention the notice or other communication shall be directed from time to time by serving notice thereof upon the other party as provided herein.

THE EXECUTIVE ACKNOWLEDGES THAT THE EXECUTIVE HAS READ THIS AGREEMENT AND THAT THE EXECUTIVE FULLY KNOWS, UNDERSTANDS AND APPRECIATES ITS CONTENTS, AND THAT THE EXECUTIVE HEREBY EXECUTES THE SAME AND MAKES THIS AGREEMENT AND THE RELEASE PROVIDED FOR HEREIN VOLUNTARILY AND OF THE EXECUTIVE'S OWN FREE WILL.

IN WITNESS WHEREOF, the Executive has executed this Agreement on the date set forth below.

/s/ Daniel R. Sheehan

Dated as of: 3/10/22
9EXHIBIT
4.1

THE SECURITIES OFFERED INVOLVE A HIGH DEGREE
OF RISK AND MAY RESULT IN THE LOSS OF YOUR ENTIRE INVESTMENT. ANY PERSON CONSIDERING THE PURCHASE OF THESE SECURITIES SHOULD CONSULT WITH
HIS, HER OR ITS LEGAL, TAX AND FINANCIAL ADVISORS PRIOR TO MAKING AN INVESTMENT IN SECURITIES. THE SECURITIES SHOULD ONLY BE PURCHASED
BY PERSONS WHO CAN AFFORD TO LOSE ALL OF THEIR INVESTMENT.

 

SUBSCRIPTION AGREEMENT

 

This Subscription Agreement
(the “Agreement”), dated as of March 3, 2022 (the “Agreement”), is entered into by and between the
undersigned subscriber, (the “Subscriber”) and Evolutionary Genomics, Inc., a Nevada corporation (the “Company”).

WHEREAS, the Company is conducting
a “best efforts” offering (the “Offering”) up to $509,985 (the “Offering Amount”) of
Series A-2 Preferred Stock (the “Series A-2 Preferred Stock”);

 

WHEREAS, Subscriber desires to purchase
the Securities for the Purchase Price (as defined below), and the Company desires to sell the Series A-2 Preferred Stock to the Subscriber
for the Purchase Price.

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein contained, Subscriber and the Company agree as follows:

 

1.       Purchase
and Sale of the Securities.

 

(a)       The
Company hereby agrees to issue and to sell to Subscriber, and Subscriber hereby agrees to purchase from the Company, the Series A-2 Preferred
Stock as indicated above.

 

(b)       Upon
execution of this Agreement, Subscriber will deliver payment equal to the aggregate purchase price set forth on the signature page hereof
in an amount required to purchase and pay for the Series A-2 Preferred Stock subscribed for hereunder (the “Purchase Price”),
which amount has been paid in U.S. Dollars by wire transfer or check, subject to collection, to the order of “Evolutionary Genomics,
Inc.” The Purchase Price is the principal amount of the Series A-2 Preferred Stock, provided, however, the minimum amount of investment
in the Series A-2 Preferred Stock by each Subscriber shall be in the principal amount of $25,000, although the Company, in its sole discretion,
may accept subscriptions for less.

 

(c)       The
subscription amounts paid by the Subscriber to the Company will be deposited in the Company’s operating account. A closing shall
take place on such date and time specified by the Company. At the closing, the Company shall issue the Series A-2 Preferred Stock to the
Subscriber. The offering period will terminate upon the earlier to occur of (i) the date the Offering Amount is sold or (ii) June 30,
2022.

 

(d)       The
Series A-2 Preferred Stock shall have the designations, preferences and relative, participating, optional or other rights, and the qualifications,
limitations or restrictions thereof set forth in the Certificate of Designations, Rights, and Preferences of the Series A-2 Preferred
Stock which is attached hereto as Exhibit A.

 

    	1 

    	 

    

2.       Representations
and Warranties of Subscriber. Subscriber represents and warrants to the Company as follows:

 

(a)       Subscriber
is an “accredited investor” as defined by Rule 501 under the Act and Subscriber is capable of evaluating the merits and risks
of Subscriber’s investment in the Securities and has the ability and capacity to protect Subscriber’s interests.

 

(b)       Subscriber
understands that the Series A-2 Preferred Stock has not been registered and will not be registered under the Act. Subscriber understands
that the sale of Series A-2 Preferred Stock to Subscriber will not be required to be registered under the Act on the ground that the issuance
thereof is exempt under Section 4(a)(2) of the Act as a transaction by an issuer not involving any public offering and that, in the view
of the United States Securities and Exchange Commission (the “SEC”), the statutory basis for the exception claimed
would not be present if any of the representations and warranties of Subscriber contained in this Subscription Agreement are untrue or,
notwithstanding the Subscriber’s representations and warranties, the Subscriber currently has in mind acquiring the Series A-2 Preferred
Stock for resale upon the occurrence or non-occurrence of some predetermined event.

 

(c)       Subscriber
acknowledges and understands that the Series A-2 Preferred Stock is being purchased for investment purposes and not with a view to distribution
or resale, nor with the intention of selling, transferring or otherwise disposing of all or any part thereof for any particular price,
or at any particular time, or upon the happening of any particular event or circumstances, except selling, transferring, or disposing
the Series A-2 Preferred Stock made in full compliance with all applicable provisions of the Act, the rules and regulations promulgated
by the SEC thereunder, and applicable state securities laws; and that an investment in the Securities is not a liquid investment.

 

(d)       Subscriber
acknowledges that the Series A-2 Preferred Stock must be held indefinitely unless subsequently registered under the Act or unless an exemption
from such registration is available. Subscriber is aware of the provisions of Rule 144 promulgated under the Act which permit limited
resale of a security subject to the satisfaction of certain conditions, including, among other things, the existence of a public market
for the security and the availability of certain current public information about the Company. In the event that the Company determines
to register the Securities under the Act, Subscriber agrees to cooperate with the Company as reasonably requested by the Company in connection
with the preparation and filing of a registration statement, unless such Subscriber notifies the Company in writing of Subscriber’s
election to exclude all of Subscriber’s Series A-2 Preferred Stock from the registration statement. Upon effectiveness of the registration
statement, Subscriber further agrees that it will comply with the prospectus delivery requirements of the Act as applicable to it in connection
with sales of their Series A-2 Preferred Stock pursuant to such registration statement.

 

(e)       Subscriber
acknowledges that Subscriber has had the opportunity to ask questions of, and receive answers from the Company or any person acting on
its behalf concerning the Company and its business and to obtain any additional information, to the extent possessed by the Company (or
to the extent it could have been acquired by the Company without unreasonable effort or expense) necessary to verify the accuracy of the
information received by Subscriber. In connection therewith, Subscriber acknowledges that Subscriber has had the opportunity to discuss
the Company’s business, management and financial affairs with the Company’s management or any person acting on its behalf.
Subscriber has received and reviewed the Subscription Booklet, and all the information, both written and oral, that it desires. Without
limiting the generality of the foregoing, Subscriber has been furnished with or has had the opportunity to acquire, and to review, all
information, both written and oral, that it desires with respect to the Company’s business, management, financial affairs and prospects.
In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge and understanding of
the Company and its business based upon Subscriber’s own due diligence investigations and the information furnished pursuant to
this paragraph. Subscriber understands that no person has been authorized to give any information or to make any representations which
were not furnished pursuant to this paragraph and Subscriber has not relied on any other representations or information.

 

    	2 

    	 

    

(f)       Subscriber
has all requisite legal and other power and authority to execute and deliver this Subscription Agreement and to carry out and perform
Subscriber’s obligations under the terms of this Subscription Agreement. This Subscription Agreement constitutes a valid and legally
binding obligation of Subscriber, enforceable in accordance with its terms, and subject to laws of general application relating to bankruptcy,
insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other general principals of
equity, whether such enforcement is considered in a proceeding in equity or law.

 

(g)       Subscriber
has carefully considered and has discussed with Subscriber’s professional legal, tax, accounting and financial advisors, to the
extent Subscriber has deemed necessary, the suitability of this investment and the transactions contemplated by this Subscription Agreement
for Subscriber’s particular federal, state, local and foreign tax and financial situation and has determined that this investment
and the transactions contemplated by this Subscription Agreement are a suitable investment for Subscriber. Subscriber relies solely on
such advisors and not on any statements or representations of the Company or any of its agents. Subscriber understands that Subscriber
(and not the Company) shall be responsible for Subscriber’s own tax liability that may arise as a result of this investment or the
transactions contemplated by this Subscription Agreement.

 

(h)       This
Subscription Agreement does not contain any untrue statement of a material fact concerning Subscriber.

 

(i)       There
are no actions, suits, proceedings or investigations pending against Subscriber or Subscriber’s properties before any court or governmental
agency (nor, to Subscriber’s knowledge, is there any threat thereof) which would impair in any way Subscriber’s ability to
enter into and fully perform Subscriber’s commitments and obligations under this Subscription Agreement or the transactions contemplated
hereby.

 

(j)       The
execution, delivery and performance of and compliance with this Subscription Agreement, and the issuance of the Series A-2 Preferred Stock
will not result in any material violation of, or conflict with, or constitute a material default under, any of Subscriber’s articles
of incorporation or bylaws, if applicable, or any of Subscriber’s material agreements nor result in the creation of any mortgage,
pledge, lien, encumbrance or charge against any of the assets or properties of Subscriber or the Series A-2 Preferred Stock.

 

(k)       Subscriber
acknowledges that the Series A-2 Preferred Stock is speculative and involve a high degree of risk and that Subscriber can bear the economic
risk of the purchase of the Series A-2 Preferred Stock, including a total loss of its investment.

 

(l)       Subscriber
fully understands that the proceeds from this Offering will be used for general working capital of the Company and research costs.

 

(m)       Subscriber
recognizes that no federal, state or foreign agency has recommended or endorsed the purchase of the Securities.

 

(n)       Subscriber
is aware that the shares of Series A-2 Preferred Stock is and will be, when issued, “restricted securities” as that term is
defined in Rule 144 of the general rules and regulations under the Act.

 

    	3 

    	 

    

(o)       Subscriber
understands that any and all certificates representing shares of Series A-2 Preferred Stock and any and all securities issued in replacement
thereof or in exchange therefor shall bear the following legend or one substantially similar thereto, which Subscriber has read and understands:

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND ARE “RESTRICTED SECURITIES”
AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF
WHICH IS TO BE ESTABLISHED TO THE REASONABLE SATISFACTION OF THE ISSUER.”

(p)       In
addition, the certificates representing shares of Series A-2 Preferred Stock, and any and all securities issued in replacement thereof
or in exchange therefor, shall bear such legend as may be required by the securities laws of the jurisdiction in which Subscriber resides.

 

(q)       Because
of the restrictions imposed on resale, Subscriber understands that the Company shall have the right to note stop-transfer instructions
in its stock transfer records, and Subscriber has been informed of the Company’s intention to do so. Any sales, transfers, or any
other dispositions of the Series A-2 Preferred Stock by Subscriber, if any, will be in compliance with the Act.

 

(r)       Subscriber
acknowledges that Subscriber has such knowledge and experience in financial and business matters that it is capable of evaluating the
merits and risks of an investment in the Series A-2 Preferred Stock and of making an informed investment decision.

 

(s)       Subscriber
represents that (i) Subscriber is able to bear the economic risks of an investment in the Series A-2 Preferred Stock and to afford the
complete loss of the investment; and (ii) (A) Subscriber could be reasonably assumed to have the capacity to protect its own interests
in connection with this subscription; or (B) Subscriber has a pre-existing personal or business relationship with either the Company or
any affiliate thereof of such duration and nature as would enable a reasonably prudent purchaser to be aware of the character, business
acumen and general business and financial circumstances of the Company or such affiliate and is otherwise personally qualified to evaluate
and assess the risks, nature and other aspects of this subscription.

 

(t)       Subscriber
understands that the Company shall have the unconditional right to accept or reject this subscription, in whole or in part, for any reason
or without a specific reason, in the sole and absolute discretion of the Company (even after receipt and clearance of Subscriber’s
funds). This Subscription Agreement is not binding upon the Company until accepted by an authorized officer of the Company. In the event
that the subscription is rejected, then Subscriber’s subscription funds will be returned without interest thereon or deduction therefrom.

 

(u)       Subscriber
has not been furnished with any oral representation or oral information in connection with the Offering of the Securities that is not
in this Subscription Booklet.

 

(v)       No
representations or warranties have been made to Subscriber by the Company, or any officer, employee, agent, affiliate or subsidiary of
the Company, other than the representations of the Company contained herein, and in subscribing for the Series A-2 Preferred Stock, Subscriber
is not relying upon any representations other than those contained in this Subscription Agreement.

 

    	4 

    	 

    

(w)Subscriber represents and
warrants, to the best of its knowledge, unless previously disclosed to the Company or its counsel, that no finder, broker, agent, financial
advisor or other intermediary, nor any purchaser representative or any broker-dealer acting as a broker, is entitled to any compensation
in connection with the transactions contemplated by this Subscription Agreement.

 

(x)       Subscriber
represents and warrants that he, she or it is not an affiliate of the Company.

 

(y)       Subscriber
understands that there is no minimum amount which must be raised before the Company holds an initial closing of this Offering.

 

3.       Representations, Warranties
and Covenants of the Company. The Company represents, warrants and covenants to Subscriber as follows:

 

(a)       The
Company is duly organized and validly existing as a corporation in good standing under the laws of Nevada.

 

(b)       The
Company has all such corporate power and authority to enter into, deliver and perform this Subscription Agreement.

 

(c)       All
necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this
Subscription Agreement by the Company, and the issuance and sale of the Series A-2 Preferred Stock to be sold by the Company pursuant
to this Subscription Agreement. This Subscription Agreement has been duly and validly authorized, executed and delivered by the Company
and constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles.

 

4.       Indemnification.
Subscriber agrees to indemnify and hold harmless the Company, its shareholders, officers, directors, employees, promissory noteholders
(if applicable) and affiliates, and any person acting on behalf of the Company, from and against any and all damage, loss, liability,
cost and expense (including reasonable attorneys’ fees and court costs) which any of them may incur by reason of the failure by
Subscriber to fulfill any of the terms and conditions of this Subscription Agreement, or by reason of any breach of the representations
and warranties made by Subscriber herein, or in any other document provided by Subscriber to the Company. All representations, warranties
and covenants of each of Subscriber and the Company contained herein shall survive the acceptance of this subscription.

 

5.       Miscellaneous.

 

(a)       Subscriber
agrees not to transfer or assign this Subscription Agreement or any of Subscriber’s interest herein and further agrees that the
transfer or assignment of the Series A-2 Preferred Stock acquired pursuant hereto shall be made only in accordance with all applicable
laws.

 

(b)       Subscriber
agrees that Subscriber cannot cancel, terminate, or revoke this Subscription Agreement or any agreement of Subscriber made hereunder,
and this Subscription Agreement shall survive the death or legal disability of Subscriber and shall be binding upon Subscriber’s
heirs, executors, administrators, successors, and permitted assigns.

 

(c)       Subscriber
has read and has accurately completed this entire Subscription Agreement.

 

    	5 

    	 

    

(d)       This
Subscription Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and may be
amended only by a written execution by all parties.

 

(e)       Subscriber
acknowledges that it has been advised to consult with its own attorney regarding this subscription and Subscriber has done so to the extent
that Subscriber deems appropriate.

 

(f)       Any
notice or other document required or permitted to be given or delivered to Subscriber shall be in writing and sent (i) by fax if the sender
on the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by registered
or certified mail with return receipt requested (postage prepaid) or (c) by a recognized overnight delivery service (with charges prepaid).

 

If to the Company, at:

 

Evolutionary Genomics, Inc.

4220 Morning Star
Drive,

Castle Rock, Colorado 80108

Attention:
Steve B. Warnecke

or
such other address as it shall have specified to Subscriber in writing.

 

(g)       Failure
of the Company to exercise any right or remedy under this Subscription Agreement or any other agreement between the Company and Subscriber,
or otherwise, or delay by the Company in exercising such right or remedy, will not operate as a waiver thereof. No waiver by the Company
will be effective unless and until it is in writing and signed by the Company.

 

(h)       This
Subscription Agreement shall be enforced, governed and construed in all respects in accordance with the laws of the State of New York,
as such laws are applied by the New York courts to agreements entered into and to be performed in New York by and between residents of
New York, and shall be binding upon Subscriber, Subscriber’s heirs, estate, legal representatives, successors and assigns and shall
inure to the benefit of the Company, its successors and assigns.

 

(i)        If
any provision of this Subscription Agreement is held to be invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed modified to conform with such statute or rule of law. Any provision hereof that may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other provisions hereof.

 

(j)        The
parties understand and agree that money damages would not be a sufficient remedy for any breach of the Subscription Agreement by the Company
or Subscriber and that the party against which such breach is committed shall be entitled to equitable relief, including injunction and
specific performance, as a remedy for any such breach. Such remedies shall not be deemed to be the exclusive remedies for a breach by
either party of the Subscription Agreement but shall be in addition to all other remedies available at law or equity to the party against
which such breach is committed.

 

(k)       All
pronouns and any variations thereof used herein shall be deemed to refer to the masculine, feminine, singular or plural, as identity of
the person or persons may require.

 

(l)       This
Subscription Agreement may be executed in counterparts and by facsimile, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

 

[Remainder of Page Intentionally Left Blank]

 

    	6 

    	 

    

IN WITNESS WHEREOF,
the parties have executed this Subscription Agreement as of the day and year first written above.

 

	$__________________________
	Aggregate Purchase Price

 

Manner in which Title is to be held (Please Check
One):

 

	1.	___	Individual	7.	___	Trust/Estate/Pension or Profit Sharing Plan

Date Opened:______________
	2.	___	Joint Tenants with Right of Survivorship	8.	___	As a Custodian for

________________________________

Under the Uniform Gift to Minors Act of the State of

________________________________
	3.	___	Community Property	9.	___	Married with Separate Property
	4.	___	Tenants in Common	10.	___	Keogh
	5.	___	Corporation/Partnership/ Limited Liability Company	11.	___	Tenants by the Entirety
	6.	___	IRA	12.	___	Foundation described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

 

IF MORE THAN ONE
SUBSCRIBER, EACH SUBSCRIBER MUST SIGN:

		1	INDIVIDUAL SUBSCRIBERS MUST COMPLETE PAGE 8

		2	SUBSCRIBERS WHICH ARE ENTITIES MUST COMPLETE PAGE 9

    	7 

    	 

    

EXECUTION BY NATURAL PERSONS

	
 

    Exact Name in Which Title is to be Held

     

	
    ____________________________________

    Name (Please Print)

     
	 	
    ____________________________________

    Name of Additional Subscriber

	
    ____________________________________

    Residence: Number and Street

     
	 	
    ____________________________________

    Address of Additional Subscriber

	
    ____________________________________

    City, State and Zip Code

     
	 	
    ____________________________________

    City, State and Zip Code

	
    ____________________________________

    Social Security Number
	 	
    ____________________________________

    Social Security Number

     

	
    ____________________________________

    Telephone Number
	 	
    ____________________________________

    Telephone Number

     

	
    ____________________________________

    Fax Number (if available)

     
	 	
    ____________________________________

    Fax Number (if available)

	
    ____________________________________

    E-Mail (if available)

     
	 	
    ____________________________________

    E-Mail (if available)

	
    ____________________________________

    (Signature)
	 	
    ____________________________________

    (Signature of Additional Subscriber)

	 	 	 
	*If Subscriber is a Registered Representative with a FINRA member firm, have the following acknowledgement signed by the appropriate party:	 
	The undersigned FINRA member firm acknowledges receipt of the notice required by Rule 3050 of the FINRA Conduct Rules	 
	 
	
     

    ____________________________________

    Name of FINRA Firm
	ACCEPTED this ____ day of __________ 2022, on behalf of Evolutionary Genomics, Inc.
	
     

    By: _________________________________

    Name:

    Title:
	
     

    By: _________________________________

    Name: Steve B. Warnecke

    Title: CEO

	 	 	 	 

 

    	8 

    	 

    

EXECUTION BY SUBSCRIBER WHICH IS AN ENTITY

(Corporation, Partnership, Trust, Etc.)

	
 

    Name of Entity (Please Print)

	Date of Incorporation or Organization:
	State of Principal Office:
	
    Federal Taxpayer Identification Number:

     

    ____________________________________________

    Office Address

    ____________________________________________

    City, State and Zip Code

    ____________________________________________

    Telephone Number

    ____________________________________________

    Fax Number (if available)

    ____________________________________________

    E-Mail (if available)

	
     

    [seal]

     

    Attest: ________________________________

    (If Entity is a Corporation)
	
     

    By: _________________________________

    Name:

    Title:

	 	 
	*If Subscriber is a Registered Representative with a FINRA member firm, have the following acknowledgement signed by the appropriate party:	 
	
    The undersigned FINRA member firm acknowledges receipt
    of the notice

    required by Rule 3050 of the FINRA

    Conduct Rules
	 
	 
	
     

    ____________________________________

    Name of FINRA Firm
	ACCEPTED this ____ day of __________ 2022, on behalf of Evolutionary Genomics, Inc.
	
     

    By: _________________________________

    Name:

    Title:
	
     

    By: _________________________________

    Name: Steve B. Warnecke

    Title: CEO

 

 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}]]