Document:

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

AMENDED
AND RESTATED AGREEMENT (“Agreement”), dated as of April 18, 2022 and effective as of March 1, 2022 (the “Effective
Date”) by and among Applied UV, Inc. a Delaware corporation (“Parent”), Munn Works LLC, a New York limited liability
company and wholly-owned subsidiary of the Parent (the "Company"), and Max Munn (the “Executive”).

WHEREAS,
the Parent, the Company and the Executive previously entered into an employment, dated as of March 4, 2021 (the “Original Agreement”);

WHEREAS, the parties desire
to amend and restate the Original Agreement on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises
and the mutual covenants set forth below, the parties hereby agree as follows:

1. 
Employment.

The
Executive’s employment shall continue under this Agreement commencing on the Effective Date. The Parent hereby agrees to employ
the Executive as President of Parent and the Company hereby agrees to employ the Executive as the sole Manager (“Manager”)
and Chief Executive Officer of the Company, and the Executive hereby accepts such employment, on the terms and conditions set forth below.

2. 
Roles and Responsibilities.

In
his position as Manager and Chief Executive Officer of the Company, Executive shall report to the Board of Directors of Parent and be
responsible for:

		•	Managing
                                            the long-term strategy and day-to-day operations of the Company including its sales, marketing
                                            and financial performance;

		•	Meeting
                                            performance goals as established by the Board of Directors of the Parent (the “Board”);

		•	Providing
                                            timely and accurate guidance to the Board as to the performance of Company;

		•	All
                                            hiring activities of Company, provided that they are consistent with any standards established
                                            by Parent; and

		•	Such
                                            other reasonable duties assigned to the Executive by the Board.

In
his position as President of Parent, Executive shall report to the Board of Directors of Parent and be responsible for:

		•	Identifying
                                            potential acquisition/merger candidates for Parent and presenting said candidate opportunities
                                            to the Board for consideration; and

		•	Such
                                            other reasonable duties assigned to the Executive by the Board.

The
Executive shall comply with all applicable policies and procedures of the Parent and the Company. The Executive shall devote substantially
all of his working time, attention and energies during normal business hours (other than absences due to illness or vacation) to the
performance of his duties for the Company and give his best efforts to the success of the Company. Notwithstanding the above, the Executive
shall be permitted, to the extent such activities do not substantially interfere with his performance of his duties and responsibilities
hereunder or violate Sections 5 or 6 of this Agreement, to (i) manage his personal, financial and legal affairs, (ii) serve on civic
or charitable boards or committees (it being expressly understood and agreed that the Executive's continuing to serve on any such board
and/or committees on which he is serving, or with which he is otherwise associated, as of the Effective Date, shall be deemed not to
interfere with his performance of his duties and responsibilities under this Agreement), (iii) serve on boards of other companies and
(iv) make personal appearances and lectures, and the Executive shall be entitled to receive and retain all remuneration received by him
from the items listed in clauses (i) through (iv) of this paragraph.

2.
Place of Performance.

During
the Employment Period, the Executive will reside in the area of metro New York, New York and the Executive shall not be required to relocate
to any other location. The Executive agrees to be judicious in spending time between the Parent’s and the Company’s other
physical locations and office facilities, and all travel required to grow business, develop, acquire and visit vendors, partners, customers
and suppliers. The Executive may, in his sole opinion, work from his residence when he deems it advisable.

3.
Compensation and Related Matters.

(a)
Base Salary. As base salary for the entire Term (defined below), the Company agrees to pay Executive an annual salary of $360,000 (the
“Base Salary”). The Base Salary shall be payable in accordance with the Company’s regular payroll schedule and will
be subject to payroll taxes and other customary payroll deductions.

(b)
Commencement of Salary Payments. Salary payments pursuant to this Agreement shall commence on April 27, 2022 (the “Initial Salary
Date”). On the Initial Salary Date, the Executive will receive his normal weekly salary for the pay period ending on such date
plus retroactive weekly salary payments (based on the Base Salary) for all prior weekly periods commencing March 1, 2022. Thereafter,
Executive shall receive his customary weekly Base Salary payments in accordance with the with the Company’s regular payroll schedule,
subject to payroll taxes and other customary payroll deductions.

(c)
Cancellation of Base Salary Options. The Parent and the Executive agree that, effective as of the Effective Date, 206,557 Base Salary
Options, both vested and unvested, granted to the Executive pursuant to the Original Agreement are hereby terminated and cancelled. The
Executive agrees that any agreements or writings evidencing the Base Salary Options shall automatically be amended to reflect that the
total number of Base Salary Options granted have been reduced to 103,278 (which is one-third of the Base Salary Options which represents
one year of Salary under the Original Agreement).

“Base
Salary Options” means options to purchase 309,835 shares of common stock of the Parent.

(d)
Annual Cash Bonus (“ACB”). For each full fiscal year of the Company that begins and ends during the Term, the Executive shall
be eligible to earn an annual cash bonus in such amount as shall be determined by the Compensation Committee of the Board (the "Compensation
Committee") (the "Annual Bonus") based on the achievement by the Company and the Parent of reasonable performance goals
established by the Compensation Committee and agreed to by Executive for each such fiscal year; provided, that the Annual Bonus shall
be no greater than $500,000; provided however in no event shall the Executive’s Annual Bonus be less than the annual bonus received
by the Chief Executive Officer of the Parent.

(e)
Automobile. The Company shall provide the Executive with the use of a Company-owned automobile for business and personal use. The Company
shall pay (or reimburse Executive) for all expenses of insurance, registration, operation and maintenance of such automobile. Executive
shall comply with reasonable reporting on the use of such automobile, as the Company or the Parent may establish from time to time or,
at the Executive’s option, reimburse for the Executive for auto related payments paid by the Executive in an amount of $850 per
month plus the cost of auto insurance and such amounts will be grossed up to cover any income taxes associated with such payments.

(f)
Business, Travel and Entertainment Expenses. The Company shall promptly reimburse the Executive for all documented business, travel and
entertainment expenses related to the conduct of the Company’s business and consistent with the Executive's titles and the practices
of the Company including but not limited to home office expenses, mobile office expenses and other technology expenses, which the Executive
deems appropriate.

(g)
Vacation. The Executive shall be entitled to four (4) weeks of paid vacation per year.

(h)
Welfare, Pension and Incentive Benefit Plans. During the Term, the Executive (and his eligible spouse and dependents) shall be entitled
to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior
executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel
accident insurance plans and programs or the Company shall reimburse the Executive if he chooses to obtain his own insurance up to $1,500
per month. In addition, during the Term, the Executive shall be eligible to participate in all pensions, retirement, savings and other
employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives, other than
any annual cash incentive plan.

4.
Work Product.

As
used in this Agreement, the term “Work Product” means all inventions, innovations, improvements, technical information,
systems, software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all
similar or related information (whether patentable or unpatentable, copyrightable, registerable as a trademark, reduced to writing, or
otherwise) which may or may not be related to the Company, but are conceived, developed or made by the Executive (whether or not during
usual business hours, whether or not by the use of the facilities of the Company, and whether or not alone or in conjunction with any
other person and whether or not for the Company or otherwise) while employed by the Company (including those conceived, developed or
made prior to the Effective Date) together with all patent applications, letters patent, trademark, trade name and service mark applications
or registrations, copyrights and reissues thereof that may be granted for or upon any of the foregoing. All Work Product that the Executive
may have discovered, invented or originated during his employment by the Company prior to the Effective Date, or that he may discover,
invent or originate during the Period of Employment, shall be the exclusive property of the Company, as applicable, and Executive hereby
assigns all of Executive’s right, title and interest in and to such Work Product to the Company, including all intellectual property
rights therein. Executive shall promptly disclose all Work Product to the Company, shall execute at the request of the Company any assignments
or other documents the Company may deem necessary to protect or perfect its rights therein, and shall assist the Company, at the Company’s
expense, in obtaining, defending and enforcing the Company’s rights therein. The Executive hereby appoints the Company as his attorney-in-fact
to execute on his behalf any assignments or other documents deemed necessary by the Company to protect or perfect the Company, the Company’s
rights to any Work Product.

5.
Term & Termination. 

The
term of this Agreement is from the Effective Date until February 28, 2024 (the “Term”) then auto renewed for one-year periods
or until a new mutually acceptable agreement is reached; provided; however, the Executive's employment hereunder may be terminated during
the Term and the Term will end, under the following circumstances:

(a)
Termination for Cause.

The
Executive’s employment hereunder may be terminated by the Company or Parent upon simple notice in writing transmitted to the Executive,
without the Parent or the Company (or any of their Affiliates) being bound to pay any compensation whatsoever or accelerated vesting
of options if termination is for any of the following reasons determined in good faith by the Board of Directors, each of which constitutes
cause (hereinafter, “Cause”):

(i)
The Executive becomes physically or mentally disabled to such an extent as to make him unable to perform the essential functions of his
duties normally and adequately for a consecutive three-month period. In such a case, the Executive may continue to benefit under short-term
and long-term disability insurance plans, subject to the terms of such plans, if any. The Parent’s ability to terminate the Executive
as a result of any disability shall be to the extent permitted by New York or federal law.

(ii)
The Executive materially breaches the terms of this Agreement.

(iii)
The Executive fundamentally or materially fails to perform his duties as Manager of the Company and failure to attempt in good faith
to implement a clear and reasonable directive from the Board of Directors.

(iv)
There is a conclusive determination that the Executive has committed material fraud, theft, embezzlement or other material criminal act
of a similar nature.

(v)
Any material act of dishonesty, fraud, or misrepresentation in relation to Executive’s duties to the Parent or the Company.

(vi)
The Executive fails or refuses to follow in any material respect any reasonable and lawful directives of the Board of Directors.

(vii)
The Executive misuses or abuses alcohol, drugs or controlled substances.

(viii)
The Executive's material breach of any material term of any confidentiality provision of this Agreement regarding the Parent's or its
Affiliates' confidential or trade secret information.

(ix)
The Executive conducts himself publicly, by speech or behavior, in such a manner as to cause material public embarrassment, scandal or
ridicule to the Parent or any of its Affiliates.

(x)
The Executive fails to comply, in all material respects, with the laws and regulations applicable to the Parent or any of its subsidiaries,
including the rules established by, and agreements with, the Parent’s securities exchange except when such failure could not reasonably
be expected to have a material adverse effect of the Parent or any of its subsidiaries.

Provided,
however, no reason set forth in this Section 5.2(a)(i) through (x) shall constitute Cause unless (1) the Executive upon notice is given
a reasonable period to effect a substantial cure or correction; (2) the reason is not cured or corrected during such time as reasonably
determined by the Board of Directors; and (3) the reason clearly and adversely affects the Executive’s ability to continue to perform
his duties and responsibilities under this Agreement. Notwithstanding anything to the contrary contained herein, if the Executive decides
to challenge the Board of Director’s determination that Cause exists in a court of law or other legal proceeding, the Company shall
(i) continue pay Executives Base Salary and (ii) pay the Executive’s reasonable legal fees in connection with such challenge as
set forth in Section 10, in each case, until the such time as the Executive has exhausted all available appeals related to such challenge
and a final verdict has been rendered.

(b)
Termination by Death. In the event of the Executive’s death during his period of employment, the Parent’s and the
Company’s obligation to make payments under this Agreement shall terminate on the date of death.

(c)
Voluntary Termination. In the event Executive wishes to resign for any reason, the Executive shall give at least thirty (30) days prior
written notice of such resignation to the Board of Directors. Any such notice shall not relieve either the Executive or the Parent or
the Company of their respective obligations to perform under this Agreement or to relieve the Parent and the Company to compensate the
Executive during such notice period for any earned but unpaid salary and bonus and reimburse business expenses incurred but not reimbursed
as of his date of termination.

(d)
Good Reason. Executive may terminate his employment for Good Reason so long as Executive tenders his resignation to the Parent within
45 days after the occurrence of the event which forms the basis for his resignation for Good Reason. Executive shall provide written
notice to the Parent describing the nature of the event which forms the basis for Executive’s resignation for Good Reason, and
the Parent shall thereafter have ten (10) days to cure such event. Good Reason shall mean the occurrence of any of the following without
the written consent of the Executive or his approval in his capacity as the President:

(i)
Any material diminution of Executive positions, duties, responsibilities hereunder, the assignment of his duties that are inconsistent
with his current position; a change in his reporting relationship; or a change in his titles and authority;

(ii)
The requirement of the Executive to relocate to locations other than those provided in Section 2 hereof; or

(iii)
Any material breach of this Agreement by the Parent or the Company.

In
the event that the Executive terminates this Agreement for Good Reason at a date that is following the Effective Date, the Parent or
the Company shall pay to Executive Severance Pay. The Executive's right to terminate his employment hereunder for Good Reason shall not
be affected by his incapacity due to physical or mental illness.

(e)
Mitigation. The Executive shall not be required to mitigate damages with respect to the termination of his employment under this Agreement
by seeking other employment or otherwise, and there shall be no offset against amounts due the Executive under this Agreement on account
of subsequent employment except as specifically provided in this Section 4. Additionally, amounts owed to the Executive under this Agreement
shall not be offset by any claims the Parent or the Company may have against the Executive, and the Parent’s and the Company's
obligation to make the payments provided for in this Agreement, and otherwise to perform its obligations hereunder, shall not be affected
by any other circumstances, including, without limitation, any counterclaim, recoupment, defense or other right which the Company may
have against the Executive or others.

6.
Confidential Information.

The
Executive acknowledges that he has received and will receive or conceive, in carrying on or in the course of his work during his employment
with the Parent and the Company, confidential information pertaining to the activities, the technologies, the operations and the business,
past, present and future, of the Parent or its officers, directors, shareholders, agents or related or associated companies collectively
(“Affiliates”), which information is not in the public domain. The Executive acknowledges that such confidential information
belongs to the Parent and/or its Affiliates and that its disclosure or unauthorized use could be damaging or prejudicial to the Company
and/or its Affiliates and contrary to their best interests. Accordingly, the Executive agrees to respect the confidentiality of such
information and not to make use of or disclose it to, or to discuss it with, any person, other than in the ordinary course of his duties
with the Parent and its Affiliates, or as required under applicable law. This undertaking to respect the confidentiality of such information
and not to make use of or disclose or discuss it to or with any person shall survive and continue to have full effect notwithstanding
the termination of the Executive’s employment with the Parent and the Company, so long as such confidential information does not
become public as a result of an act by the Parent or the Company or a third party, which act does not involve the fault of one of its
executives. Nothing in this Agreement prohibits Executive from reporting possible violations of federal law or regulation to any governmental
agency or entity, including but not limited to the U.S. Department of Justice, the Securities and Exchange Commission, the U.S. Congress,
and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or
regulation. Executive does not need the prior authorization of the Parent or the Company to make any such reports or disclosures and
Executive is not required to notify the Parent or the Company that I have made such reports or disclosures.

7.
Non-Solicitation

(a)
Except as otherwise prohibited in the State of New York, the Executive shall not compete with the Parent in the businesses that it or
any of its subsidiaries are engaged in. Executive shall not participate in any capacity whatsoever in a business that would directly
or indirectly compete with the Parent or with any of its subsidiaries, including, without limitation, as an executive, director, officer,
employer or principal, unless such participation is fully disclosed to the Board and approved in writing in advance. In addition, the
Executive shall not have any interest whatsoever in such an enterprise, including, without limitation, as owner, shareholder, partner,
limited partner, lender or silent partner that is in competition with the business of the Parent or any of its subsidiaries. This noncompetition
covenant is limited as follows:

(1) As
to the time period, to the duration of the Executive’s employment and for a period of 18 months following the date of termination
of his employment;

(2) As
to the geographical area, the territory in which the Parent and/or its subsidiaries operated during the two years preceding the employment
termination date.

(b)
The Executive also undertakes, for the same period and in respect of the same territory referred to hereinabove in subsections 7(a)(1)
and (2), not to solicit clients for sales of products that are competitive with products that are sold by any of the Parent’s subsidiaries
or do anything whatsoever to induce or to lead any person to end, in whole or in part, business relations with the Parent or any of its
subsidiaries.

(c)
The Executive also undertakes, for the same period and in respect of the same territory referred to hereinabove in subsections 7(a)(1)
and (2), not to induce, attempt to induce or otherwise interfere in the relations which the Parent or which any of its subsidiaries has
with their distributors, suppliers, representatives, agents and other parties with whom the Parent or any of its subsidiaries deals.

(d)
The Executive also undertakes, for the same period and in respect of the same territory referred to in subsections 7(a)(1) and (2), not
to induce, attempt to induce or otherwise solicit the personnel of the Company to leave their employment with the Parent or any of its
subsidiaries nor to hire the personnel of the Parent or any of its subsidiaries for any enterprise in which the Executive has an interest.

(e)
The Executive acknowledges that the provisions of this Section 7 are limited as to the time period, the geographic area and the nature
of the activities to what the parties deem necessary to protect the legitimate interests of the Parent and its subsidiaries, while allowing
the Executive to earn his living.

(f)
Nothing in this Section 7 shall operate to reduce or extinguish the obligations of the Executive arising at law or under this contract
which survive at the termination of this Agreement in reason of their nature and, in particular, without limiting the foregoing, the
Executive’s duty of loyalty and obligation to act faithfully, honestly and ethically.

8.
Indemnification.

(a)
General. During the Term, the Parent agrees that it will maintain industry standard Director & Officer Liability Insurance and that
if the Executive is made a party or is threatened to be made a party to any action, suit or proceeding, whether civil, criminal, administrative
or investigative (a "Proceeding"), by reason of the fact that the Executive is or was a trustee, director or officer of the
Parent , or any of their Affiliates or is or was serving at the request of the Parent, or any of its Affiliates as a trustee, director,
officer, member, employee or agent of another corporation or a partnership, joint venture, limited liability company, trust or other
enterprise, including, without limitation, service with respect to employee benefit plans, whether or not the basis of such Proceeding
is alleged action in an official capacity as a trustee, director, officer, member, employee or agent while serving as a trustee, director,
officer, member, employee or agent, the Executive shall be indemnified and held harmless by the Parent to the fullest extent authorized
by Delaware law and as otherwise allowed by law, as the same exists or may hereafter be amended, against all Expenses incurred or suffered
by the Executive in connection therewith unless such Expenses are the result of the Executive’s gross negligence or willful misconduct,
and such indemnification shall continue as to the Executive even if the Executive has ceased to be an officer, director, trustee or agent,
or is no longer employed by the Company and shall inure to the benefit of his heirs, executors and administrators. The Parent shall not
provide indemnification for any Expenses paid for under the terms of the Company’s Director & Officer Liability Insurance.

(b)
Expenses. As used in this Agreement, the term "Expenses" shall include, without limitation, damages, losses, judgments, liabilities,
fines, penalties, excise taxes, settlements, and costs, attorneys' fees, accountants' fees, and disbursements and costs of attachment
or similar bonds, investigations, and any expenses of establishing a right to indemnification under this Agreement.

(c)
Enforcement. If a claim or request under this Section 7 is not paid by the Company or on its behalf, within thirty (30) days after a
written claim or request has been received by the Company, the Executive may at any time thereafter bring suit against the Company to
recover the unpaid amount of the claim or request and if successful in whole or in part, the Executive shall be entitled to be paid also
the expenses of prosecuting such suit. All obligations for indemnification hereunder shall be subject to, and paid in accordance with,
applicable Delaware law.

(d)
Partial Indemnification. If the Executive is entitled under any provision of this Agreement to indemnification or payment of any kind
by the Parent for some or a portion of any obligations hereunder, including Expenses, the Parent shall pay the Executive for the portion
of such Expenses to which the Executive is entitled and any such amount shall be deemed compensation in any Chapter 11bankruptcy proceeding.

(e)
Notice of Claim. The Executive shall give to the Parent notice of any claim made against his for which indemnification will or could
be sought under this Agreement. In addition, the Executive shall give the Parent such information and cooperation as it may reasonably
require and as shall be within the Executive's power and at such times and places as are convenient for the Executive.

(f)
Defense of Claim. With respect to any Proceeding as to which the Executive notifies the Company of the commencement thereof:

(i)
The Parent will be entitled to participate therein at its own expense;

(ii)
Except as otherwise provided below, to the extent that it may wish, the Parent will be entitled to assume the defense thereof, with counsel
reasonably satisfactory to the Executive, which in the Parent's sole discretion may be regular counsel to the Parent and may be counsel
to other officers and directors of the Parent or any subsidiary. The Executive also shall have the right to employ his own counsel in
such action, suit or proceeding if he reasonably concludes that failure to do so would involve a conflict of interest between the Parent
and the Executive, and under such circumstances the fees and expenses of such counsel shall be at the expense of the Parent.

(iii)
The Parent shall not be liable to indemnify the Executive under this Agreement for any amounts paid in settlement of any action or claim
effected without its written consent. The Parent shall not settle any action or claim in any manner which would impose any penalty that
would not be paid directly or indirectly by the Parent or limitation on the Executive without the Executive's written consent. Neither
the Parent nor the Executive will unreasonably withhold or delay their consent to any proposed settlement.

(g)
Non-Exclusivity. The right to indemnification and the payment of expenses incurred in defending a Proceeding in advance of its final
disposition conferred in this Section 9 shall not be exclusive of any other right which the Executive may have or hereafter may acquire
under any statute or certificate of incorporation or by-laws of the Parent or any subsidiary, agreement, vote of shareholders or disinterested
directors or trustees or otherwise.

9.
Legal Fees and Expenses.

If
any contest or dispute shall arise between the Parent and the Executive regarding any provision of this Agreement, the Parent shall continue
to pay all of the above enumerated expenses and compensation and all of the Executive’s legal fees and expenses reasonably incurred
by the Executive in connection with such contest or dispute. Such payment shall be made directly to the Executive’s counsel within
three business days of receipt of an invoice of Executive’s counsel.

10.
Successors; Binding Agreement.

(a)
Parent's Successors. No rights or obligations of the Parent under this Agreement may be assigned or transferred, except that the Parent
shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all
of the business and/or assets of the Parent to expressly assume and agree to perform this Agreement in the same manner and to the same
extent that the Parent would be required to perform it if no such succession had taken place. As used in this Agreement, "Parent"
shall include any successor to its business and/or assets (by merger, purchase or otherwise) which executes and delivers the agreement
provided for in this Section 10 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

(b)
Executive's Successors. No rights or obligations of the Executive under this Agreement may be assigned or transferred by the Executive
other than his rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution.
Upon the Executive's death, this Agreement and all rights of the Executive hereunder shall inure to the benefit of and be enforceable
by the Executive's beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds
to the Executive's interests under this Agreement. If the Executive should die following his Date of Termination while any amounts would
still be payable to Executive hereunder if he had continued to live, all such amounts unless otherwise provided herein shall be paid
in accordance with the terms of this Agreement to such person or persons so appointed in writing by the Executive, or otherwise to his
legal representatives or estate.

11.
Governing Law.

This
Agreement and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of the
State of New York applicable to contracts made and to be performed therein.

12.
Arbitration. 

Any
controversy arising out of or relating to this Agreement or any termination thereof shall be submitted to and settled by the American
Arbitration Association and pursuant to the Commercial Arbitration Rules. The venue for any arbitration shall be Westchester County,
New York. The parties hereto and all who may claim under them shall be conclusively bound by the determination of such arbitration. The
parties hereby submit to the in personam jurisdiction of the courts of the State of New York and the Federal courts located therein
(and expressly waive any defenses to personal jurisdiction by such courts) for the purpose of confirming, vacating or modifying any award
pursuant to such arbitration and entering judgment thereon.

13.
Notice.

For
the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when delivered either personally or by recognized carrier, addressed to the Executive at his
residence address most recently filed with the Parent.

14.
Miscellaneous.

No
provisions of this Agreement may be amended, modified, or waived unless such amendment or modification is agreed to in writing signed
by the Executive and by a duly authorized officer of the Parent, and such waiver is set forth in writing and signed by the party to be
charged. No waiver by either party hereto at any time of any breach by the other party hereto of any condition or provision of this Agreement
to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter
hereof have been made by either party which are not set forth expressly in this Agreement. The respective rights and obligations of the
parties hereunder of this Agreement shall survive the Executive's termination of employment and the termination of this Agreement to
the extent necessary for the intended preservation of such rights and obligations.

15.
Validity.

The
invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any
other provision of this Agreement, which shall remain in full force and effect.

16.
Counterparts.

This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

17.
Entire Agreement.

This
Agreement set forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all prior
agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer,
employee or representative of any party hereto in respect of such subject matter. Any prior agreement of the parties hereto in respect
of the subject matter contained herein is hereby terminated and canceled.

18.
Withholding.

All
payments hereunder shall be subject to any required withholding of Federal, state and local taxes pursuant to any applicable law or regulation.

19.
Section Headings.

The
section headings in this Employment Agreement are for convenience of reference only, and they form no part of this Agreement and shall
not affect its interpretation.

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    	 	1	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.

APPLIED
UV, INC. 

By: /s/
John Andrews

Name:
John Andrews

Title:
Chief Executive Officer

 

MUNN
WORKS LLC

By:
/s/ Michael Riccio

Name:
Michael Riccio

Title:
Vice-president

 

EXECUTIVE

/s/ Max Munn

Max
Munn

    	 	2Document

EXHIBIT 10.4

NORTHWEST BANK 
ANNUAL PERFORMANCE AWARD PLAN
1.Background and Purpose.
1.1Purpose. The purpose of the Northwest Bank Annual Performance Award Plan (the "Plan") is to attract, retain and motivate eligible employees by making a portion of their cash compensation dependent on the achievement of certain corporate, business unit and/or individual performance goals. 
1.2Effective Date. The Plan is effective as of April 20, 2022 (the "Effective Date") and shall remain in effect until it has been terminated pursuant to Section 9.6. 
2.Definitions. The following terms shall have the following meanings:
2.1"Award" means an award granted pursuant to the Plan, the payment of which shall be contingent on the attainment of Performance Goals with respect to a Performance Period, as determined by the Committee pursuant to Section 6.1.
2.2“Bank” means Northwest Bank
2.3"Base Salary" means the Participant's annualized rate of base salary on the last day of the Performance Period before (a) deductions for taxes or benefits and (b) deferrals of compensation pursuant to any Company or Subsidiary-sponsored plans.
2.4"Board" means the Board of Directors of the Company, as constituted from time to time.
2.5"Cause" means:
(a)If the Participant is subject to a written employment agreement (or other similar written agreement) with the Company or a Subsidiary that provides a definition of termination for “Cause,” the meaning set forth in such agreement; or 
(b)In the absence of such a definition, termination because of a Participant’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, material breach of the Bank’s Code of Ethics, material violation of the Sarbanes-Oxley requirements for officers of public companies that in the reasonable opinion of the Chief Executive Officer of the Bank or the Board will likely cause substantial financial harm or substantial injury to the reputation of the Bank, willfully engaging in actions that in the reasonable opinion of the Board will likely cause substantial financial harm or substantial injury to the business reputation of the Bank, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than routine traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of the contract.

        

2.6"Change in Control" means: 
(a)The consummation by the Company or the Bank, in a single transaction or series of related transactions, of any of the following:
(i)Merger: The Company or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Company or the Bank, and as a result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation;
(ii)Acquisition of Significant Share Ownership: A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s Voting Securities; provided, however, this clause (b) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding Voting Securities;
(iii)Change in Board Composition: During any period of two consecutive years, individuals who constitute the Company’s Board or the Bank’s board of directors at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s Board or the Bank’s board of directors; provided, however, that for purposes of this clause (c), each director who is first elected by the board (or first nominated by the board for election by the stockholders) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period or who is appointed as a director as a result of a directive, supervisory agreement or order issued by the primary federal regulator of the Company or the Bank or by the Federal Deposit Insurance Corporation shall be deemed to have also been a director at the beginning of such period; or
(iv)Sale of Assets: The Company or the Bank sells to a third party all or substantially all of its assets. Notwithstanding the foregoing, in the event that an Award constitutes “deferred compensation” as defined under Code Section 409A, and the settlement of, or distribution of benefits under, such Award is to be triggered solely by a Change in Control, then with respect to such Award, a Change in Control shall be defined as required under Code Section 409A, as in effect at the time of such transaction.
2.7“Clawback Policy” means the clawback policy covering bonus and/or incentive awards adopted by the Compensation Committee and/or approved by the Board of Directors from time to time.
2.8"Code" means the U.S. Internal Revenue Code of 1986, as amended from time to time, including any regulations or authoritative guidance promulgated thereunder and successor provisions thereto. 
2.9"Committee" means the Compensation Committee of the Board of Directors. 
2.10"Company" means Northwest Bancshares, Inc., and any successor thereto. 

        

2.11"Disability" means: 
(a)If the Participant is subject to a written employment agreement (or other similar written agreement) with the Company or a Subsidiary that provides a definition of termination of “Disability” or “Disabled,” the meaning set forth in such agreement; or 
(b)In the absence of such a definition, “Disability” shall be defined in accordance with the Bank’s long-term disability plan. To the extent that an Award hereunder is subject to Code Section 409A, “Disability” or “Disabled” shall mean that a Participant: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months; or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering Employees. Except to the extent prohibited under Code Section 409A, if applicable, the Committee shall have discretion to determine if a termination due to Disability has occurred.
2.12“Non-Solicitation Agreement” means the participant will not solicit employees, customers, and clients during their relationship with Northwest and for a period of 12 months following the termination of the relationship with Northwest, alone or with others, directly or indirectly.
2.13"Participant" means as to any Performance Period, the employees of the Company or a Subsidiary who are designated by the Committee to participate in the Plan for that Performance Period. 
2.14"Performance Measures" means the performance metrics upon which the Performance Goals for a particular Performance Period are based, as determined by the Committee.  The performance measures need not be the same with respect to each Participant. Performance measures may be based on the performance of the Company as a whole, on any one or more Subsidiaries or business units of the Company or a Subsidiary, and/or individual performance, and may be measured relative to a peer group, an index or a business plan and may be considered as absolute measures or changes in measures. In establishing any performance measures, the Committee may provide for the exclusion of the effects of the following items, to the extent the exclusion is identified in the audited financial statements of the Company, including footnotes, or in the Management’s Discussion and Analysis section of the Company’s annual report or in the Compensation Discussion and Analysis Section, if any, of the Company’s annual proxy statement, including but not limited to: (i) extraordinary, unusual, and/or nonrecurring items of gain or loss; (ii) gains or losses on the disposition of a business; (iii) changes in tax or accounting principles, regulations or laws; or (iv) the effects of expenses incurred in connection with a merger, branch acquisition or similar transaction. To the extent not specifically excluded, such effects shall be included in any applicable performance measure.
2.15"Performance Goals" means the goals selected by the Committee, in its discretion, to be applicable to a Participant for any Performance Period. Performance Goals shall be based upon one or more Performance Measure. Performance Goals may include a threshold level of performance below which no Award will be paid and levels of performance at which specified percentages of the Target Award will be paid and may also include a maximum level of performance above which no additional Award amount will be paid. 

        

2.16"Performance Period" means the period for which performance is calculated, which unless otherwise indicated by the Committee, shall be the Plan Year. 
2.17"Plan" means the Northwest Bank Annual Performance Award Plan, as hereafter amended from time to time. 
2.18"Plan Year" means the Company's fiscal year, which commences on January 1st and ends on December 31st. 
2.19"Pro-Rated Award" means an amount equal to the Award otherwise payable to the Participant for a Performance Period in which the Participant was actively employed by the Company or a Subsidiary for only a portion thereof, multiplied by a fraction, the numerator of which is the number of days the Participant was actively employed by the Company or a Subsidiary during the Performance Period and the denominator of which is the number of days in the Performance Period. 
2.20“Qualified Retirement” means retirement after December 31st of performance year (defined as age 65 with a minimum of 5 years of Northwest service or 55 with a minimum of 25 years of Northwest service).
2.21“Subsidiary” means any corporation, affiliate, bank or other entity which would be a subsidiary corporation with respect to the Company as defined in Code Section 424(f) and shall also mean any partnership or joint venture in which the Company and/or other Subsidiary owns more than fifty percent (50%) of the capital or profits interests.
2.22"Target Award" means the target award payable under the Plan to a Participant for a particular Performance Period, expressed as a percentage of the Participant's Base Salary. In special circumstances, the target award may be expressed as a fixed amount of cash. 
2.23“Voting Securities” means any securities which ordinarily possess the power to vote in the election of directors without the happening of any pre-condition or contingency.
3.Administration. 
3.1Administration by the Committee. The Plan shall be administered by the Committee which shall consist of not less than two (2) members of the Board. Members of the Committee shall be appointed by the Board.
3.2Authority of the Committee. Subject to the provisions of the Plan and applicable law, the Committee shall have the power, in addition to other express powers and authorizations conferred on the Committee by the Plan, to: (a) designate Participants; (b) determine the terms and conditions of any Award; (c) determine whether, to what extent, and under what circumstances Awards may be forfeited or suspended; (d) interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in the Plan or any instrument or agreement relating to, or Award granted under, the Plan; (e) establish, amend, suspend, or waive any rules for the administration, interpretation and application of the Plan; and (f) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 
3.3Decisions Binding. All determinations and decisions made by the Committee, the Board, and any delegate of the Committee pursuant to the provisions of the Plan shall be final, conclusive and binding on all persons, and shall be given the maximum deference permitted by law. 

        

3.4Agents; Limitation of Liability. The Committee may appoint agents to assist in administering the Plan. The Committee and each member thereof shall be entitled to, in good faith, rely or act upon any report or other information furnished to it or him by any officer or employee of the Company, the Company's certified public accountants, consultants or any other agent assisting in the administration of the Plan. Members of the Committee and any officer or employee of the Company acting at the direction or on behalf of the Committee shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action or determination. 
4.Eligibility and Participation. 
4.1Eligibility. Only employees of the Company and its participating Subsidiaries are eligible to participate in the Plan.
4.2Participation. The Committee, in its discretion, shall select the persons who shall be Participants for each Performance Period. Only eligible individuals who are designated by the Committee to participate in the Plan with respect to a particular Performance Period may participate in the Plan for that Performance Period. An individual who is designated as a Participant for a given Performance Period is not guaranteed or assured of being selected for participation in any subsequent Performance Period. 
4.3New Hires; Newly Eligible Participants. To be eligible for participation, an employee must have been employed by the Company or a participating Subsidiary before October 1st of of the Performance Period.  A newly hired or newly eligible Participant meeting the minimum service requirement will be eligible to receive a Pro-Rated Award if hired between April 1st and September 30th of the Performance Period. 
5.Terms of Awards. 
5.1Determination of Target Awards. Prior to, or reasonably promptly following the commencement of each Performance Period, the Committee, in its sole discretion, shall establish the Target Award for each Participant, the payment of which shall be conditioned on the achievement of the Performance Goals for the Performance Period. 
5.2Determination of Performance Goals and Performance Formula. Prior to, or reasonably promptly following the commencement of, each Performance Period, the Committee, in its sole discretion, shall establish in writing the Performance Goals for the Performance Period and shall prescribe a formula for determining the percentage of the Target Award which may be payable based upon the level of attainment of the Performance Goals for the Performance Period. The Performance Goals shall be based on one or more Performance Measure, each of which may carry a different weight, and which may differ from Participant to Participant.
5.3Adjustments. If the Committee determines that a change in the business, operations, corporate structure or capital structure of the Company or the manner in which the Company or its Subsidiaries conducts its business or other events or circumstances render current performance measures to be unsuitable, the Committee may modify such performance measures, in whole or in part, as the Committee deems appropriate.  If a Participant is promoted, demoted or transferred to a different business unit during a performance period, the Committee may determine that the selected performance measures or applicable performance period are no longer appropriate, in which case, the Committee, in its sole discretion, may: (i) adjust, change or eliminate the 

        

performance measures or change the applicable performance period; or (ii) cause to be made a cash payment to the Participant in an amount determined by the Committee.
6.Payment of Awards.
6.1Determination of Awards. 
(a)Following the completion of each Performance Period, the Committee shall determine the extent to which the Performance Goals have been achieved or exceeded. Subject to Section 6.1(c), if the minimum Performance Goals established by the Committee are not achieved, then no payment will be made. 
(b)To the extent that the Performance Goals are achieved, the Committee shall determine the extent to which the Performance Goals applicable to each Participant have been achieved and shall then determine the amount of each Participant's Award.  
(c)In determining the amount of each Award, the Committee may reduce, eliminate or increase the amount of an Award if, in its sole discretion, such reduction, elimination or increase is appropriate. 
6.2Form and Timing of Payment. Except as otherwise provided herein, as soon as practicable following the Committee's determination pursuant to Section 6.1 for the applicable Performance Period, each Participant shall receive a cash lump sum payment of his or her Award, less required withholding. In no event shall such payment be made later than 2 1/2 months following the end of the Performance Period.
6.3Employment Requirement. Except as otherwise provided in Section 7, no Award shall be paid to any Participant who is not actively employed by the Company or a Subsidiary on the date that Awards are paid.
6.4Other Requirements. In order to be eligible for Award payout, Participants must have met the following requirements:
(a)A rating of “partially met expectations” or higher in the most recent performance evaluation;
(b)An executed Non-Solicitation Agreement prior to payment; and
(c)For Participants at the Corporate Senior Vice President level and higher, written agreement with the Company’s Clawback Policy in effect at the time of payment.
6.5Deferral of Awards. The Committee, in its sole discretion, may permit a Participant to defer the payment of an Award that would otherwise be paid under the Plan. Any deferral election shall be subject to such rules of code section 409a, including the timing of deferral elections and such additional procedures as shall be determined by the Committee in its sole discretion.
7.Termination of Employment. 
7.1Employment Requirement. Except as otherwise provided in Section 7.2 and 7.3, if a Participant's employment terminates for any reason prior to the date that Awards are paid, all of the Participant's rights to an Award for the Performance Period shall be forfeited. 

        

7.2Termination of Employment Due to Death or Disability. If a Participant's employment is terminated by reason of his or her death or Disability during a Performance Period or following a Performance Period but before the date that Awards are paid, the Participant or his or her beneficiary will be paid a Pro-Rated Award that would otherwise be payable if the Participant remained employed through the date that Awards are paid. In the case of a Participant's Disability, the employment termination shall be deemed to have occurred on the date that the Committee determines that the Participant is Disabled. Payment of such Pro-Rated Awardwill be made at the same time and in the same manner as Awards are paid to other Participants. 
7.3“Termination of Employment due to a Qualified Retirement”.  If a participant terminates due to a qualified retirement on or after December 31st of the performance year, participant will be eligible for a bonus pending business results.
8.Change in Control. 
If a Change in Control occurs during a Performance Period, each Participant will receive an amount equal to the greater of his or her Target Award or the award based on actual performance calculated at the time of change of control, multiplied by a fraction, the numerator of which equals the number of days that have elapsed since the beginning of the Performance Period through and including the date of the Change in Control and the denominator of which equals the number of days in the Performance Period. Awards paid in connection with a Change in Control will be paid within 30 days following the Change in Control.
9.General Provisions. 
9.1Compliance with Legal Requirements. The Plan and the granting of Awards shall be subject to all applicable federal and state laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required. 
9.2Non-transferability. A person's rights and interests under the Plan, including any Award previously made to such person or any amounts payable under the Plan may not be assigned, pledged, or transferred, except in the event of the Participant's death, to a designated beneficiary in accordance with the Plan, or in the absence of such designation, by will or the laws of descent or distribution. 
9.3No Right to Employment. Nothing in the Plan or in any notice of Award shall confer upon any person the right to continue in the employment of the Company or any Subsidiary or affect the right of the Company or any Subsidiary to terminate the employment of any Participant. 
9.4No Right to Award. Unless otherwise expressly set forth in an employment agreement signed by the Company and a Participant, a Participant shall not have any right to any Award under the Plan until such Award has been paid to such Participant and participation in the Plan in one Performance Period does not connote any right to become a Participant in the Plan in any future Performance Period. 
9.5Withholding. The Company shall have the right to withhold from any Award, any federal, state or local income and/or payroll taxes required by law to be withheld and to take such other action as the Committee may deem advisable to enable the Company and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to an Award. 
9.6Amendment or Termination of the Plan. The Board or the Committee may, at any time, amend, suspend or terminate the Plan in whole or in 

        

part. Notwithstanding the foregoing, no amendment shall adversely affect the rights of any Participant to Awards allocated prior to such amendment, suspension or termination. 
9.7Unfunded Status. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Company and any Participant, beneficiary or legal representative or any other person. To the extent that a person acquires a right to receive payments under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in the Plan. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA). 
9.8Governing Law. The Plan shall be construed, administered and enforced in accordance with the laws of the Commonwealth of Pennsylvania without regard to conflicts of law. 
9.9Beneficiaries. To the extent that the Committee permits beneficiary designations, any payment of Awards due under the Plan to a deceased Participant shall be paid to the beneficiary duly designated by the Participant in accordance with the Company's practices. If no such beneficiary has been designated or survives the Participant, payment shall be made by will or the laws of descent or distribution. 
9.10Section 409A of the Code. It is intended that payments under the Plan qualify as short-term deferrals exempt from the requirements of Section 409A of the Code. In the event that any Award does not qualify for treatment as an exempt short-term deferral, it is intended that such amount will be paid in a manner that satisfies the requirements of Section 409A of the Code. The Plan shall be interpreted and construed accordingly. 
9.11Expenses. All costs and expenses in connection with the administration of the Plan shall be paid by the Company. 
9.12Section Headings. The headings of the Plan have been inserted for convenience of reference only and in the event of any conflict, the text of the Plan, rather than such headings, shall control. 
9.13Severability. In the event that any provision of the Plan shall be considered illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, but shall be fully severable, and the Plan shall be construed and enforced as if such illegal or invalid provision had never been contained therein.  
9.14Gender and Number. Except where otherwise indicated by the context, wherever used, the masculine pronoun includes the feminine pronoun; the plural shall include the singular, and the singular shall include the plural. 
9.15Non-exclusive. Nothing in the Plan shall limit the authority of the Company, the Board or the Committee to adopt such other compensation arrangements, as it may deem desirable for any Participant. 
9.16Notice. Any notice to be given to the Company or the Committee pursuant to the provisions of the Plan shall be in writing and directed to the Corporate Secretary of the Company at 100 Liberty Steet, PO Box 128, Warren, PA 16365. 

        

9.17Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding upon any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the assets of the Company. 
9.18Clawback. All Awards for Executive Officers are subject to the Company's Clawback Policy as in effect from time to time and, in accordance with such policy, may be subject to the requirement that the Awards be repaid to the Company after they have been distributed to the Participant.
The action permitted to be taken by the Board under this Section 9.18 is in addition to, and not in lieu of, any and all other rights of the Board and/or the Company under applicable law and shall apply notwithstanding anything to the contrary in the Plan.

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