Document:

Exhibit

EXHIBIT 10.2

The Stanley Black & Decker 2017 Management Incentive Compensation Plan
		
	1.
	Purpose.  The purpose of Stanley Black & Decker Management Incentive Compensation Plan is to reinforce corporate, organizational and business-development goals, to promote the achievement of year-to-year financial and other business objectives and to reward the performance of eligible employees in fulfilling their personal responsibilities.

2.    Definitions.  The following terms, as used herein, shall have the following meanings:
		
	(a)
	“Affiliate” shall mean, with respect to the Company or any of its subsidiaries, any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company.

		
	(b)
	“Award” shall mean an incentive compensation award, granted pursuant to the Plan that is contingent upon the attainment of Performance Goals with respect to a Performance Period.

		
	(c)
	"Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the Exchange Act.

		
	(d)
	“Board” shall mean the Board of Directors of the Company.

		
	(e)
	A "Change in Control" shall be deemed to have occurred if the event set forth in any one of the following paragraphs shall have occurred:

		
	(1)
	any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Affiliates) representing 25% or more of the combined voting power of the Company's then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (i) of paragraph (3) below; or 

		
	(2)
	the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company's shareowners was approved or recommended by a vote of at least two-thirds 

(2/3) of the directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended; or
		
	(3)
	there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation or other entity, other than (i) a merger or consolidation which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) at least 50% of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing 25% or more of the combined voting power of the Company's then outstanding securities; or

		
	(4)
	the shareowners of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets, other than a sale or disposition by the Company of all or substantially all of the Company's assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned by shareowners of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale.

		
	(f)
	“Code” shall mean the Internal Revenue Code of 1986, as amended.

		
	(g)
	“Committee” shall mean the Compensation and Organization Committee of the Board of Directors, the composition of which shall at all times consist solely of two or more "outside directors" within the meaning of section 162(m) of the Code.

		
	(h)
	“Company” shall mean Stanley Black & Decker, Inc. and its successors.

		
	(i)
	“Covered Employee” shall have the meaning set forth in Section 162(m)(3) of the Code.

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	(j)
	“Disability” shall have the meaning set forth in Section 22(e)(3) of the Code, or any successor provision.

		
	(k)
	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

		
	(l)
	“Participant” shall mean any employee of the Company or an Affiliate who is, pursuant to Section 4 of the Plan, selected to participate in the Plan.

		
	(m)
	“Performance Goals” shall mean performance goals based on one or more of the following criteria, determined in accordance with generally accepted accounting principles, where applicable:  (i) pre-tax income or after-tax income; (ii) earnings including operating income, earnings before or after taxes, earnings before or after interest, depreciation, amortization, or extraordinary or special items; (iii) net income excluding amortization of intangible assets, depreciation and impairment of goodwill and intangible assets; (iv) operating income; (v) earnings or book value per share (basic or diluted); (vi) return on assets (gross or net), return on investment, return on capital, or return on equity; (vii) revenue or return on revenues; (viii) net tangible assets (working capital plus property, plants and equipment) or return on net tangible assets (operating income divided by average net tangible assets) or working capital; (ix) operating cash flow (operating income plus or minus changes in working capital less capital expenditures); (x) cash flow, free cash flow, cash flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital; (xi) sales or sales growth; (xii) operating margin or profit margin; (xiii) share price or total shareholder return; (xiv) earnings from continuing operations; (xv) cost targets, reductions or savings, productivity or efficiencies; (xvi) economic value added; and (xvii) strategic business criteria, consisting of one or more objectives based on meeting specified market penetration or market share, geographic business expansion, customer satisfaction, employee satisfaction, human resources management, financial management, project management, supervision of litigation, information technology, or goals relating to divestitures, joint ventures or similar transactions.  Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular criterion or the attainment of a percentage increase or decrease in the particular criterion, and may be applied to one or more of the Company or a parent or subsidiary of the Company, or a division or strategic business unit of the Company, or may be made relative to the performance of other companies or subsidiaries, divisions, departments, regions, functions or other organizational units within such other companies, all as determined by the Committee.  The Performance Goals may include a threshold level of performance below which no payment will be made (or no vesting will occur), levels of performance at which specified payments will be paid (or specified vesting will occur) and a maximum level of performance above which no additional payment will be made (or at which full vesting will occur).

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Each of the foregoing Performance Goals shall be evaluated in accordance with generally accepted accounting principles, where applicable, and shall be subject to certification by the Committee.
		
	(n)
	“Performance Period” shall mean, unless the Committee determines otherwise, a period of no longer than 12 months.

		
	(o)
	“Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the shareowners of the Company in substantially the same proportions as their ownership of shares of the Company.

		
	(p)
	“Plan” shall mean the Stanley Black & Decker Management Incentive Compensation Plan, as amended from time to time.

		
	(q)
	"Retirement" shall mean a Participant's termination of employment with the Company or an Affiliate thereof at or after attaining age 55 and completing ten years of service.

		
	3.
	Administration.  The Plan shall be administered by the Committee. The Committee shall have the authority in its sole discretion, subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable in the administration of the Plan, including, without limitation, the authority to grant Awards; to determine the persons to whom and the time or times at which Awards shall be granted; to determine the terms, conditions, restrictions and performance criteria, including Performance Goals, relating to any Award; to determine whether, to what extent, and under what circumstances an Award may be settled, cancelled, forfeited, or surrendered; to construe and interpret the Plan and any Award; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the terms and provisions of Awards; and to make all other determinations deemed necessary or advisable for the administration of the Plan. The Committee shall have the authority to make equitable adjustments to the Performance Goals in recognition of unusual or non-recurring events affecting the Company or any parent or subsidiary of the Company or the financial statements of the Company or any parent or subsidiary of the Company, in response to changes in applicable laws or regulations or to account for items of gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the disposal of a segment of a business or related to a change in accounting principles; provided that, with respect to any Award to a Covered Employee such adjustment shall only be made to the extent it does not result in the loss of the otherwise available exemption of such award under Section 162(m) of the Code.  

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All decisions, determinations and interpretations of the Committee shall be final and binding on all persons, including the Company and the Participant (or any person claiming any rights under the Plan from or through any Participant).
Subject to Section 162(m) of the Code or as otherwise required for compliance with other applicable law, the Committee may delegate all or any part of its authority under the Plan to any officer or officers of the Company.
		
	4.
	Eligibility.  Awards may be granted to Participants in the sole discretion of the Committee.  In determining the persons to whom Awards shall be granted and the Performance Goals relating to each Award, the Committee shall take into account such factors as the Committee shall deem relevant in connection with accomplishing the purposes of the Plan.

		
	5.
	Terms of Awards.  Awards granted pursuant to the Plan shall be communicated to Participants in such form as the Committee shall from time to time approve and the terms and conditions of such Awards shall be set forth therein.

		
	(a)
	In General.  On or prior to the earlier of the 90th day after the commencement of a Performance Period or the date on which 25% of a Performance Period has elapsed, the Committee shall specify in writing, by resolution of the Committee or other appropriate action, the Participants for such Performance Period and the Performance Goals applicable to each Award for each Participant with respect to such Performance Period.  Unless otherwise provided by the Committee in connection with specified terminations of employment, payment in respect of Awards shall be made only if and to the extent the Performance Goals with respect to such Performance Period are attained.

		
	(b)
	Special Provisions Regarding Awards.  Notwithstanding anything to the contrary contained in this Section 5, in no event shall payment in respect of an Award granted for a Performance Period be made to a Participant who is or is reasonably expected to be a Covered Employee exceed the lesser of 300% of the Participant's annual base salary on the date the Performance Period commences for any twelve month period or $5,000,000.  The Committee may, in its sole discretion, increase (subject to the maximum amount set forth in this Section 5(b)) or decrease the amounts otherwise payable to Participants upon the achievement of Performance Goals under an Award; provided, however, that in no event may the Committee so increase the amount otherwise payable to a Covered Employee pursuant to an Award.

		
	(c)
	Time and Form of Payment.  Subject to Section 6(h), all payments in respect of Awards granted under this Plan shall be made in cash on the 45th day following the end of the Performance Period but in no event later than the 45th day following the fiscal year in which the Award vests.

		
	6.
	General Provisions.

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	(a)
	Compliance with Legal Requirements.  The Plan and the granting and payment of Awards, and the other obligations of the Company under the Plan 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.

		
	(b)
	Nontransferability.  Awards shall not be transferable by a Participant except upon the Participant’s death following the end of the Performance Period but prior to the date payment is made, in which case the Award shall be transferable in accordance with any beneficiary designation made by the Participant in accordance with Section 6(l) below or, in the absence thereof, by will or the laws of descent and distribution.

		
	(c)
	No Right To Continued Employment.  Nothing in the Plan or in any Award granted pursuant hereto shall confer upon any Participant the right to continue in the employ of the Company or to be entitled to any remuneration or benefits not set forth in the Plan or to interfere with or limit in any way whatever rights otherwise exist of the Company to terminate such Participant’s employment or change such Participant’s remuneration.

		
	(d)
	Withholding Taxes.  Where a Participant or other person is entitled to receive a payment pursuant to an Award hereunder, the Company shall have the right either to deduct from the payment, or to require the Participant or such other person to pay to the Company prior to delivery of such payment, an amount sufficient to satisfy any federal, state, local or other withholding tax requirements related thereto.

		
	(e)
	Amendment, Termination and Duration of the Plan.  The Board or the Committee may at any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in part; provided that, no amendment that requires shareholder approval in order for the Plan to continue to comply with Section 162(m) of the Code shall be effective unless the same shall be approved by the requisite vote of the shareholders of the Company.  Notwithstanding the foregoing, no amendment (other than an amendment necessary to comply with Section 409A of the Code) shall affect adversely any of the rights of any Participant under any Award following the end of the Performance Period to which such Award relates, provided that the exercise of the Committee’s discretion pursuant to Section 5(b) to reduce the amount of an Award shall not be deemed an amendment of the Plan.

		
	(f)
	Participant Rights.  No Participant shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment for Participants.

		
	(g)
	Termination of Employment.

		
	(i)
	Unless otherwise provided by the Committee, and except as set forth in subparagraph (ii) of this Section 6(g), a Participant must be actively 

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employed by the Company or one of its Affiliates at the end of the Performance Period in order to be eligible to receive payment in respect of such Award.
		
	(ii)
	Unless otherwise provided by the Committee, if a Participant’s employment is terminated as result of death, Disability or Retirement prior to the end of the Performance Period, the Participant's Award shall be cancelled and in respect of his or her cancelled Award the Participant shall receive a pro rata portion of the Award as determined by the Committee and such Award shall be payable at the same time as Awards are paid to active Participants.

		
	(h)
	Change in Control. Notwithstanding any provision in the Plan to the contrary, upon a Change in Control, unless an outstanding Award is assumed, replaced or converted by the successor or the resulting entity (or any parent thereof), each outstanding Award shall be cancelled and in respect of his or her cancelled Award a Participant shall receive a pro rata portion of the Award, calculated by determining the achievement of the applicable Performance Goal or Performance Goals based on actual performance though the date of such Change in Control, and then multiplying this amount by a fraction, the numerator of which is the number of days completed in the Performance Period prior to the Change in Control and the denominator of which is the total number of days in the Performance Period (the “Pro Rata Change in Control Amount”).  The determination as to whether an Award is assumed, replaced or converted in connection with the Change in Control shall be made by the Committee, in good faith, taking into account such factors as it deems appropriate, including the feasibility of continuing the applicable Performance Goals or Performance Goals based on the resulting entity in the applicable Change in Control.  If (i) an Award is assumed, replaced or converted pursuant to the immediately preceding sentence (an “Assumed Award”) and (ii) if a Participant incurs a termination by the Company without Cause or if the Participant terminates his or her employment for Good Reason, in each case, prior to the end of the applicable performance period, then, unless otherwise provided for in a Participant’s employment or severance agreement or in a severance plan in which the Participant then participates,  such Participant will be entitled to receive a pro rata portion of the Assumed Award, assuming the achievement of the underlying performance goals at target level and based on the number of days completed in the Performance Period prior to the date of his or her termination of employment.  The pro rata portion of the Change in Control Amount shall be paid in cash as soon as practicable following the Change in Control and the pro rate portion of the Assumed Award will be paid within 30 days following such participant’s termination of employment.  After a Change in Control, the Committee may not exercise the discretion referred to in Section 5(b) to decrease the amount payable in respect of any Award which is outstanding immediately prior to the occurrence of the Change in Control.

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	 (i)
	Unfunded Status of Awards.  The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation.  With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those of a general creditor of the Company.

		
	(j)
	Governing Law.  The Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Connecticut without giving effect to the conflict of laws principles thereof.

		
	(k)
	Effective Date.  The Plan shall take effect upon its adoption by the Board; provided, however, that the Plan shall be subject to the requisite approval of the shareholders of the Company in order to comply with Section 162(m) of the Code.  In the absence of such approval, the Plan (and any Awards made pursuant to the Plan prior to the date of such approval) shall be null and void.

		
	(l)
	Beneficiary.  A Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.  If no designated beneficiary survives the Participant and an Award is payable to the Participant’s beneficiary pursuant to Section 6(b), the Participant’s estate shall be deemed to be the grantee’s beneficiary.

		
	(m)
	Interpretation.  The Plan is designed and intended to comply, to the extent applicable, with Section 162(m) of the Code, and all provisions hereof shall be construed in a manner to so comply.

		
	7.
	Detrimental Activity and Recapture Provisions.      The Committee or the Board may provide for the cancellation or forfeiture of an Award or the forfeiture and repayment to the Company of any gain related to an Award, or other provisions intended to have a similar effect, upon such terms and conditions as may be determined by the Committee  or the Board from time to time (including under any applicable clawback policy adopted by the Company), including, without limitation, in the event that a Participant, during employment or other service with the Company or an Affiliate, engages in activity detrimental to the business of the Company.  In addition, notwithstanding anything in the Plan to the contrary, the Committee or the Board may also provide for the cancellation or forfeiture of an Award or the forfeiture and repayment to the Company of any gain related to an Award, or other provisions intended to have a similar effect, upon such terms and conditions as may be required by the Committee or the Board under Section 10D of the Exchange Act and any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national securities exchange or national securities association on which common stock of the Company may be traded or under any clawback policy adopted by the Company.

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9Exhibit 10.1

 

CONFIDENTIAL EMPLOYMENT SEPARATION
AND RELEASE AGREEMENT

 

This Confidential Employment Separation
and Release Agreement (“Agreement”) is made by and between Paul Buck (“Employee”), on the one part, and
MYnd Analytics, Inc. (the "Employer"), on the other part. Employee and the Employer may hereafter be referred to individually
as “Party” or collectively as the “Parties.”

 

WITNESSETH:

 

WHEREAS, the Parties hereto have amicably
agreed to the separation of Employee's employment with the Employer effective September 30, 2017, and each Party desires to detail
the terms of Employee's separation from employment as set forth in this Agreement; with the employee resigning from his post as
Chief Financial Officer and as an officer of the Company as of March 31, 2017;

 

WHEREAS, the Employee understands and agrees
that, in order for this Agreement to become effective, he must (a) sign the Agreement within twenty-one (21) days of receiving
it and (b) return the signed Agreement to the Employer by following the procedure set forth in paragraph 10 ("Notices")
of this Agreement.

 

WHEREAS, the Employer owes the Employee
320 hours of accrued paid time off (“PTO”) pay at $100.00 per hour, in total $32,000. Additionally, the Employer owes
the Employee $73,333.00 of accrued (“Deferred”) pay, which was voluntarily deferred by the Employee during a period
when the Employer suffered a cash shortage, between February 16, 2015 and July 31, 2015. The combined balance of payroll owed to
the Employee as of March 31, 2017, is $105,333.00, on which normal Employee and Employer taxes will be due upon payment.

WHEREAS, the Employee understands the Employer’s
continuing cash constraints, and in support of the Employer’s ongoing business operations, is therefore prepared to be paid
through the normal payroll cycle the monies that are owed until the debt is fully extinguished.

NOW, THEREFORE, in consideration of the
mutual covenants and agreements herein contained, and for other good and valuable consideration, the legal sufficiency of which
is hereby acknowledged, Employer and Employee do hereby agree as follows:

 

1.           Last
Day of Employment. Employee's last day of employment with Employer shall be May 31, 2017 (the “Separation Date”).
From April 1, 2017 through the Separation Date, the Parties acknowledge that Employee has elected to use his accrued PTO as total
and complete compensation for such period. Thereafter and through September 30, 2017 (the "Consulting Period") the Employee
has elected to be paid all Deferred pay. Additionally, to the extent requested by the Employer, Employee agrees to serve as a consultant
and provide reasonable assistance to Employer on an as needed basis through the Consulting Period.

 

2.           Payments
and Benefits to Employee from Employer. In exchange for and conditional upon Employee's execution and return of this Agreement,
including the Supplemental General Release attached hereto as Exhibit A (which must be signed and returned to the Employer between
May 31, 2017 and June 8, 2017), Employee's continued performance of his job responsibilities consistent with Employer's instructions
and requirements, consistent with the Employee being on PTO and travelling abroad, and Employee's complying with the terms and
conditions of this Agreement, Employee will receive the following payments from Employer:

 

(a)           Cash
payments in the amount of $73,333.00, less lawful deductions such as tax withholdings, FICA, and Medicare (the “Consulting
Period Payments”). The Consulting Period Payments shall be paid to Employee in equal semi-monthly installments on the Employer's
established pay days via the Employer's regular payroll system. The Consulting Period Payments will begin on the next established
pay day following the Separation Date.

 

(b)           Those options to purchase Common
Stock granted to the Employee under the 2012 Omnibus Equity Plan listed on Schedule A hereto, shall continue to vest through the
Consulting Period and shall be exercisable by Employee for a period of 12 months from September 30, 2017 in accordance with their
terms

 

     

     

    

 

3.           Release.

 

(a)           In
exchange for the consideration provided by the Employer in paragraph 2 above, the adequacy of which is hereby acknowledged, Employee
hereby releases and forever discharges Employer, and its respective parents, divisions, subsidiaries, affiliates, related entities,
and their predecessors, successors, officers, shareholders, members, managers, employees, agents, insurers, attorneys and representatives
(hereinafter collectively “Employer”) from any and all claims of whatever nature, whether known or unknown, suspected
or unsuspected, which exist or may exist on his behalf against Employer as of the date of his execution of this Agreement, including
but not limited to any and all tort claims, contract claims (express or implied), wage claims, bonus claims, commission claims,
ERISA claims, wrongful termination claims, public policy claims, retaliation claims, statutory claims, personal injury claims,
emotional distress claims, invasion of privacy claims, defamation claims, fraud claims, negligent representation claims, implied
covenant of good faith and fair dealing claims, unfair business practices claims, quantum meruit claims, and any and all claims
arising under federal, state, local or other governmental statute, law, regulation or ordinance covering discrimination in employment
including age, race, color, religious, creed, national origin, ancestry, physical or mental disability, medical condition, sexual
orientation, marital status, sex, harassment or retaliation, and including but not limited to claims arising under Title VII of
the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the
Americans with Disabilities Act, the Family and Medical Leave Act, the California Constitution, the California Fair Employment
and Housing Act, the California Family Rights Act, like and similar California statutes or the statutes of any other state or city,
and any tax obligation for which Employee may become liable as a result of this Agreement or the payment of the amounts referred
to herein.

 

(b)           Employee
agrees that the consideration identified in this Agreement is fully satisfactory to him, and by signing this Agreement, he fully
releases any and all claims arising as of or prior to the date of his execution of this Agreement, except as otherwise prohibited
by law. Employee agrees and acknowledges that nothing contained in this Agreement is intended to preclude him from filing a complaint
or charge with a governmental agency or commission and/or cooperating with such an agency or commission in an investigation. However,
Employee hereby agrees to waive any right to receive any monetary or other personal benefit in connection with any such complaint
or charge, regardless of who initiated it.

 

(c)           Employer
and Employee acknowledge that as of the Separation Date, Employee will have used all PTO available to him, and other than the payment
to Employee to be made pursuant to paragraph 2 above (subject to Employee's signature to this Agreement without revocation), Employee
acknowledges and agrees that no further payment will be due to Employee from, or paid to Employee by, Employer in connection with
his employment and/or termination of employment.

 

4.           Waiver
of Unknown Claims. It is further understood and agreed by Employee that as a condition of this Agreement, he hereby expressly
waives and relinquishes any and all claims, rights or benefits that he may have under California Civil Code Section 1542, which
provides as follows:

 

“A GENERAL RELEASE DOES
NOT EXTEND TO CLAIMS WHICH THE CREATOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

 

BEING AWARE OF SAID CODE SECTION, EMPLOYEE HEREBY
EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT OF
ANY OTHER JURISDICTION. 

 

In connection with such waiver and relinquishment,
Employee hereby acknowledges that he may hereafter discover claims or facts in addition to, or different from, those which he now
knows or believes to exist, but that, except as otherwise prohibited by law, he expressly agrees to fully, finally, and forever
settle and release any and all claims, known or unknown, suspected or unsuspected, which exist or may exist on his behalf at the
time of execution of this Agreement, including, but not limited to, any and all claims relating to or arising from his employment
with Employer or the cessation of that employment. Employee further acknowledges, understands and agrees that this representation
and commitment is essential to each Party and that this Agreement would not have been entered into were it not for these representations
and commitments.

 

     

     

    

 

5.           Non-Admission
of Liability. The Parties acknowledge that they each deny any wrongdoing whatsoever in connection with one another and
that this Agreement is made solely for the purpose of detailing the terms of Employee's separation from employment. It is expressly
understood and agreed that nothing contained in this Agreement shall constitute or be treated as an admission of any wrongdoing
or liability. Both parties shall be responsible for their respective attorneys' fees and costs.

 

6.           Confidentiality.
Employee and Employer will not, except as may be mandated by statutory or regulatory requirements or as may be required by legal
process, disclose to others the terms of this Agreement, the amounts referred to in this Agreement, or the fact of the payment
of said amounts, except that Employee and Employer may disclose such information, subject to this confidentiality clause, to his
or its accountant, attorney, financial planner and tax advisor in order for such individuals to render service to him or it.

 

7.           Consideration
of this Agreement. Employee is hereby advised that he is waiving legal rights by executing this Agreement, and he confirms
that he has had the opportunity to consult with legal counsel before doing so.

 

8.           Confidential
Information. Employee acknowledges that during the course of his employment he was exposed to a variety of confidential
information of Employer. Employee agrees, as further consideration for the payments provided for herein and such other good and
valuable promises, that he shall not for a period of three years after the end of the Consulting Period disclose, directly or indirectly,
to any third party or in any way use for his benefit (or the benefit of any third party) any material confidential information
or knowledge gained by Employee while employed by or resulting from his employment with Employer. For purposes of this Agreement,
“Confidential Information” means any and all materials and information of material non-public significance (regardless
of the form of such information, including without limitation, in writing, electronic, computerized or other recorded form, oral
or visual) that Employee has received or learned of which constitutes proprietary information and trade secrets of Employer, including
without limitation: (a) trade secrets, technical know-how and data, methods and processes, production information, inventions,
ideas, processes, formulas, source and object codes, data, programs, other works of authorship, discoveries, pending and non-pending
research and development projects, whether involving new technology or improvements to existing technology, equipment drawings,
specifications and illustrations, developments, designs, techniques and inventions, (b) marketing and sales information, business
and marketing plans and strategies, plans for research, development, new products, budgets and unpublished financial statements,
financial projections, historical financial statements and data, licenses, prices, pricing data, whether historical or current,
(c) personnel information including but not limited to information regarding the skills and compensation of other employees of
Employer, and other secret, confidential or proprietary information of any nature relating to Employer, its affiliates and subsidiaries,
and their parents, officers, board members, distributors, suppliers or employees, which is not generally available to the public,
and (d), Employer manuals, handbooks, forms, and policies. Employee acknowledges that money damages would not be a sufficient remedy
for any breach of the terms of this Agreement and that Employer shall be entitled to injunctive relief, specific performance and
any other appropriate equitable remedy, in addition to any other available legal remedies for any such breach.

 

9.           Company
Property. Employee agrees that all material property of Employer, including but not limited to, Confidential Information,
keys, files, notes, meeting minutes, plans, credit cards, computers and peripherals, hardware, software, records, documents, data
and other Employer property or information shall be returned to Employer as of the end of the Consulting Period, and that any such
Employer property or information later discovered in Employee’s possession shall be promptly returned by Employee to Employer
and not copied, retained, used or disseminated for any purpose or in any manner.

 

Employee hereby acknowledges that he has not copied,
or disseminated to third parties any Employer property or Confidential Information.

 

10.         Non-Disparagement.
Employee agrees to refrain from making any disparaging comments or statements regarding Employer, its business ventures, and plans,
and its officers and employees for three years after the end of the Consulting Period. Employee and Employer acknowledge and agree
that this non-disparagement provision is a material inducement to Employer entering into this Agreement.

 

11.         California
Law Applies. This Agreement, in all respects, shall be interpreted, enforced and governed by and under the laws of The
State of California.

 

12.         Successors
and Assigns. It is expressly understood and agreed by the Parties that this Agreement and all of its terms shall be binding
upon each Parties’ representatives, heirs, executors, administrators, successors, and assigns.

 

     

     

    

 

13.         Headings.
The headings in each paragraph herein are for convenience of reference only and shall be of no legal effect in the interpretation
of the terms hereof.

 

14.         Integration.
This Agreement constitutes a single, integrated, written contract, expressing the entire agreement between the Parties. Except
as otherwise set forth herein, it supersedes all prior agreements between the parties. The Parties represent and warrant that they
are not relying on any promises or representations that do not appear written herein.

 

15.         Severability.
If any provision in this Agreement is found to be unenforceable, it shall not affect the enforceability of the remaining provisions
and the court shall enforce the remaining provisions to the extent permitted by law.

 

16.         Counterparts.
This Agreement may be executed in separate counterparts and each such counterpart shall be deemed an original with the same effect
as if all Parties had signed the same document. It shall not be necessary in making proof of this Agreement to account for more
than one counterpart. A signature made on a facsimile copy of this Agreement or a signature to this Agreement transmitted by facsimile,
scanned .PDF or digital signature shall have the same effect as an original signature.

 

17.         Voluntary
Agreement. Employee understands and agrees that he is waiving legal rights by signing this Agreement, and he represents
that he has entered into this Agreement voluntarily, with a full understanding of and in agreement with all of its terms. Employee
confirms that he has been advised by Employer to consult with an attorney before executing this Agreement. The Parties agree that
this Agreement was the product of negotiation such that it shall not be construed against the drafter.

 

18.         Revocation
Period. Employee acknowledges that he has been given the opportunity to take at least 21 days within which to consider
whether to sign this Agreement. Employee understands that he may revoke this Agreement upon written notice to Employer within 7
days after execution of it and that this Agreement will become effective on the 8th day after its execution (the "Effective
Date").

 

19.         Compliance
with Section 409 A. The provisions of this Agreement shall be interpreted at all times to comply with the requirements
of Section 409A of the Internal Revenue Code and guidance issued thereunder.

 

IN WITNESS WHEREOF, the parties
hereto have executed this Employment Separation and Release Agreement on the dates indicated below.

 

	 	EMPLOYEE
	 	 
	DATED: April 14, 2017	/s/ Paul Buck 
	 	 
	 	Paul Buck
	 	 
	 	MYnd Analytics, Inc.
	 	 
	DATED: April 24, 2017	/s/ George C. Carpenter IV
	 	 
	 	George C. Carpenter, IV, CEO

 

     

     

    

 

EXHIBIT A

 

Supplemental General Release to the Confidential
Employment Separation and General Release Agreement between MYnd Analytics, Inc. and Paul Buck 

 

General Release.

 

(a) Paul Buck (the "Employee"),
with the intention of binding himself, his agents, attorneys, heirs, spouse, executors, administrators and assigns, does hereby
irrevocably and unconditionally release, acquit, remise and forever discharge MYnd Analytics, Inc. (the "Employer"),
its subsidiaries, parents, and other direct or indirect affiliates, as well as their respective stockholders, partners, heirs,
executors, administrators, agents, employees, officers, directors, successors, insurers, assigns and attorneys (collectively, the
"Releasees"), of and from any and all manner of actions, cause or causes of action, suits, debts, sums of money, costs,
interests, attorneys’ fees, liabilities, contracts, accounts, reckonings, bonds, bills, specialties, covenants, controversies,
agreements, promises, variances, trespasses, damages, judgments, executions, charges, claims, counterclaims and demands, whatsoever,
in law or in equity or otherwise, that Employee now has or may have, whether mature, direct, derivative, subrogated, personal,
assigned, both known and unknown, foreseen or unforeseen, contingent or actual, liquidated or unliquidated, arising from the beginning
of the world until the date that Employee signs this Supplemental Release, including, but not limited to, any claims arising in
any way out of Employee’s employment with the Employer or the termination of Employee’s employment with the Employer.
Employee hereby expressly waives the benefits of any statute, regulation, ordinance or rule of law which, if applied to this Supplemental
Release, would otherwise exclude from its binding effect any claims not now known by Employee to exist. The foregoing release of
claims by Employee includes, but is not limited to, any and all claims for legal or equitable remedies, damages, attorneys’
fees, or costs under, without limitation, United States Constitution; the Immigration and Nationality Act, 8 U.S.C. § 1101
et seq.; Sections 1981 through 1988 of Title 42 of the United States Code, 42 U.S.C. §§ 1981-1988; the Employee Retirement
Income Security Act of 1974, 29 U.S.C. § 1001 et seq.; Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et
seq.; the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq.; the Older Worker Benefit Protection
Act, 29 U.S.C. § 621, et seq.; the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq.; the Americans With Disabilities
Act of 1990, 42 U.S.C. § 12101 et seq.; the Occupational Safety and Health Act of 1970, 29 U.S.C. § 651 et seq.; the
Consolidated Omnibus Budget Reconciliation Act of 1985, 29 U.S.C. § 1161 et seq.; the Fair Credit Reporting Act, 15 U.S.C.
§ 1681 et seq.; the Family and Medical Leave Act; the Affordable Health Care Act, the Sarbanes Oxley Act of 2002, The Dodd-Frank
Act of 2010, The Nuclear Proliferation Treaty, The Taft Hartley Act of 1947, the National Origins Act of 1924, The Clayton Anti-Trust
Act of 1914, the Sherman Anti-Trust Act of 1890, the Pendleton Act of 1933, the Non-intercourse Act of 1809, the Alien and Sedition
Act of 1798, the US and California Constitution, the California Fair Employment and Housing Act, the California Family Rights Act,
like and similar California statutes; and/or any other federal, state, city, local or other human rights, civil rights, wage-hour,
wage-payment, immigration, pension, employee benefits, labor, employment or other laws, rules, regulations, codes, guidelines,
constitutions, ordinances, public policies, contracts (whether oral or written, express or implied) or tort laws; any claim arising
under the health, welfare and/or employee benefit plans or programs of any Employer Released Parties; any claims arising under
any policy, procedure or practice of any Employer Released Parties; any claims for emotional distress, pain and suffering or mental
anguish; any claims for any costs, fees or other expenses, including but not limited to any claims for attorney's fees and/or costs;
any claims arising under the common law and/or the "Employment Agreement.

 

(b) Employee represents and warrants that
he has not filed any lawsuits or arbitrations against the Employer or any of the Releasees, or filed or caused to be filed, any
charges or complaints against the Employer or any of the Releasees, with any municipal, state, or federal agency charged with the
enforcement of any law. Pursuant to and as a part of Employee's release and discharge of the Releasees, as set forth herein, Employee
agrees, not inconsistent with applicable law, not to sue or file a charge, complaint, grievance, or demand for arbitration against
the Employer or any of the Releasees in any forum or assist or otherwise participate willingly or voluntarily in any claim, arbitration,
suit, action, investigation, or other proceeding of any kind that relates to any matter that involves the Employer or any of the
Releasees and that occurred up to and including the date of execution of this Supplemental Release, unless required to do so by
court order, subpoena, or other directive by a court, administrative agency, arbitration panel, or legislative body, or unless
required to enforce this Supplemental Release. To the extent any such action may be brought by a third party, Employee expressly
waives any claim to any form of monetary or other damages, or any other form of recovery or relief in connection with any such
action.

 

     

     

    

 

(c) By signing this Supplemental Release,
Employee expressly acknowledges and agrees that (a) he has carefully read this Supplemental Release and fully understands what
it means; (b) he has been advised in writing to discuss this Supplemental Release with an attorney before signing it; (c) he has
been given at least twenty-one (21) days to consider this Supplemental Release; (d) he shall have seven (7) days to revoke this
Supplemental Release after signing it by providing written notice of such revocation to the Employer; and (e) he has entered into
this Supplemental Release knowingly and voluntarily and was not subjected to any undue influence or duress.

 

	Dated:    April 14, 2017	/s/ Paul Buck
	 	 
	 	Paul Buck

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