Document:

EX-10.31

 Exhibit 10.31 

MONTROSE ENVIRONMENTAL GROUP, INC. 

EXECUTIVE SEVERANCE POLICY 
  

	 	1.	 INTRODUCTION 

This Montrose Environmental Group, Inc. Executive Severance Policy (the “Policy”) is effective as of January 1, 2020 (the
“Effective Date”). The purpose of the Policy is to provide for the payment of severance benefits to certain executives of Montrose Environmental Group, Inc. (the “Company”) or one of its subsidiaries in connection with a
termination of employment in certain circumstances. 
  

	 	2.	 DEFINITIONS 

For purposes of the Policy, the terms below are defined as follows: 

(a)    “Base Salary” means the annual base salary payable to an Eligible Employee at the time of the Termination
Date. 
 (b)    “Cause” has the meaning set forth in a written employment or services agreement between the
Eligible Employee and the Company or an Affiliate thereof, or if no such meaning applies, means a Eligible Employee’s termination of employment by the Company by reason of the occurrence of any of the following events: (i) such Eligible
Employee’s commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) such Eligible Employee’s attempted commission of, or participation in, a
fraud or act of dishonesty against the Company; (iii) such Eligible Employee’s material violation of any contract or agreement between the Eligible Employee and the Company or of any statutory duty owed to the Company or any lawful policy
or code of conduct established by the Company; (iv) such Eligible Employee’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; (v) such Eligible Employee’s material failure to perform
in a satisfactory manner the duties and responsibilities of his or her position with the Company; or (vi) such Eligible Employee’s gross misconduct; provided, however, to the extent the conduct set forth in subsections (iii) or (iv)
is reasonably susceptible to cure, the Eligible Employee shall have ten (10) business days to cure such violation after receiving written notice thereof. 

(c)    “Change in Control” has the meaning ascribed to such term in the Company’s Amended and Restated 2017
Stock Incentive Plan. 
 (d)    “Code” means the Internal Revenue Code of 1986, as amended. 

(e)    “Company” means Montrose Environmental Group, Inc. and its subsidiaries. 

(f)    “Disability” means inability of an Eligible Employee to engage in any substantially gainful activity by
reason of any medically determinable physical or mental impairment that can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than twelve (12) months. The determination whether an
Eligible Employee has suffered a Disability shall be made by the Company based upon such evidence as it deems necessary and appropriate. 

 (g)    “Eligible Employee” means an executive officer or other
key employee of the Company who has been designated by the Board of Directors of the Company or a committee thereof as eligible under the Policy. 

(h)    “Good Reason” means a termination of employment within sixty (60) days following: (i) a
material reduction in the Eligible Employee’s annual base salary or annual incentive opportunity, except for across-the-board reductions generally applicable to all
Eligible Employees; (ii) a material reduction in the Eligible Employee’s responsibilities, authorities or duties as compared to those in existence as of the date that the Eligible Employee became an Eligible Employee; (iii) the
Company’s requiring the Eligible Employee to be based at a location which is more than fifty (50) miles from the Eligible Executive’s principal place of employment immediately prior to the change; or (iv) material failure of the
Company to pay to Eligible Employee any amount otherwise vested and due under any agreement, plan or policy of the Company, which failure in either (i), (ii), (iii) or (iv) is not cured within thirty (30) days from receipt by the Company
of written notice from Eligible Employee which specifies the details of the failure. 
 (i)    “Involuntary
Termination” means (i) at any time, any termination of an Eligible Employee’s employment with the Company (or its successor) by the Company (or its successor) for any reason other than Cause, the Eligible Employee’s death or
Disability and (ii) a resignation by an Eligible Employee for Good Reason. 
 (j)    “Termination Date”
means the date specified in the written notice of termination that the Company delivers to the Eligible Employee, or, in the case of Good Reason, the effective date of the Eligible Employee’s resignation. 

 

	 	3.	 SEVERANCE BENEFITS 

In the event of an Involuntary Termination, the Eligible Employee shall be entitled to the following benefits: 

(a)    Accrued Rights. A payment of the accrued rights due to the Eligible Employee consisting of the sum of
(i) Eligible Employee’s Base Salary through the Termination Date not theretofore paid; (ii) any expenses owed to the Eligible Employee under the Company’s expense reimbursement policy; and (iii) any amount arising from the
Eligible Employee’s participation in, or benefits under, any employee benefit plans, which amounts shall be payable in accordance with the terms and conditions of such employee benefits plans (clauses (i)-(iii) collectively shall be the
“Accrued Rights”), which (except for amounts under clause (iii) which shall be paid pursuant to the applicable plan) shall be paid to the Eligible Employee promptly, but in all events within 30 days following the Termination
Date. 
 (b)    Severance. Severance pay as set forth in Exhibit A hereto, which amount shall be payable to the
Eligible Employee in twelve (12) equal monthly installments commencing on the date that is thirty (30) days following the Termination Date; provided, however, that if the Involuntary Termination occurs within (2) two years following a
Change in Control, payment will be made in a single lump sum on the date that is thirty days following the Termination Date, in each case, subject to the Eligible Employee’s General Release (as provided in Section 3(d) hereof) becoming
effective and irrevocable. 

  
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 (c)    Equity Acceleration. In the event of an Involuntary
Termination that occurs within two (2) years following a Change in Control, all outstanding and unvested equity incentive awards previously granted to the Eligible Employee shall immediately vest in full, with performance-based awards vesting
based upon the assumption that the target level of performance has been achieved. 
 (d)     Release.
Notwithstanding anything herein to the contrary, an Eligible Employee shall be entitled to the payments and benefits provided for in this Section 3 (other than the Accrued Rights) if and only if the Eligible Employee executes and delivers to
the Company a general release of claims against the Company in a form reasonably satisfactory to the Company (the “General Release”) within twenty-one (21) days following the Termination Date
(which General Release shall be provided to the Eligible Employee on or about the Termination Date) and the General Release has become effective and irrevocable in accordance with its terms. For the avoidance of doubt, no payments shall be made to
any Eligible Employee pursuant to Section 3(b) until the date that is thirty (30) days following the Termination Date, at which time any installments that should have been paid prior to that date shall be paid in lump sum. 

 

	 	4.	 LIMITATIONS ON BENEFITS 

(a)    Termination of Benefits. In the event an Eligible Employee, at any time, violates any proprietary information
of confidentiality obligation to the Company, any other obligations of the Eligible Employee under an employment or other agreement with the Company or any of the Company’s policies and procedures, (i) the Eligible Employee will be deemed
in material breach of this Policy and (ii) the Company will be relieved of any ongoing obligation to comply with any of the terms of this Policy, including without limitation the obligation to make the payments described in Sections 3 (other
than the Accrued Rights). 
 (b)    Non-Duplication of Benefits. No
Eligible Employee is eligible to receive benefits under the Policy more than one time. 
 (c)    Indebtedness of
Eligible Employees. If the Eligible Employee is indebted to the Company or an affiliate of the Company at his or her Termination Date, the Company reserves the right to offset any payments due under the Policy by the amount of such indebtedness.

  

	 	5.	 MISCELLANEOUS 

(a)    Exclusive Discretion. The Board of Directors of the Company or a committee thereof will have the exclusive
discretion and authority to establish rules, forms and procedures for the administration of the Policy and to construe and interpret the Policy and to decide any and all questions of fact, interpretation, definition, computation or administration
arising in connection with the operation of the Policy, including, but not limited to, the eligibility to participate in the Policy and amount of benefits paid under the Policy. The rules, interpretations, computations and other actions of the
administrator will be binding and conclusive on all persons. 

  
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 (b)    Amendment or Termination. The Company may amend or
terminate the Policy at any time and from time to time prior to the occurrence of a Change in Control or at any time and from time to time more than two (2) years following a Change in Control. For the avoidance of doubt, this Policy may not be
amended in any manner during the two-year period following a Change in Control. Termination or amendment of the Policy shall not affect any obligation of the Company under the Policy which has accrued and is
unpaid as of the effective date of the termination or amendment (including, but not limited to, the obligation to make payments in respect of an Involuntary Termination that occurs prior to the effective date of the termination or amendment). 

(c)    No Right to Continued Employment or Service. Nothing herein shall confer upon an Eligible Employee any right
to continue in the employ or service of the Company or any of its affiliates and this Policy shall not be deemed a contract of employment. If an Eligible Employee’s employment terminates for any reason other than an Involuntary Termination, the
Eligible Employee shall not be entitled to any benefits, damages, awards or compensation under this Policy, but may be entitled to payments or benefits in accordance with the Company’s other established employee plans and practices or pursuant
to other agreements with the Company. 
 (d)    Successors. Any successor to the Company (whether direct or
indirect and whether by purchase, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company’s business and/or assets will assume the obligations under the Policy and agree expressly to perform the
obligations under the Policy in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. The terms of the Policy and all rights of the Eligible Employee hereunder will inure
to the benefit of, and be enforceable by, the Eligible Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

(e)    Notice. Any and all notices, requests, demands and other communications provided for by this Policy shall be
in writing and shall be effective when delivered in person, consigned to a reputable national courier service or deposited in the United States mail, postage prepaid, registered or certified, and addressed to the Eligible Employee at his or her last
known address on the books of the Company or, in the case of the Company, at its principal place of business, attention of the General Counsel or to such other address as any party may specify by notice to the other actually received. 

(f)    No Waiver. The failure of a party to insist upon strict adherence to any term of the Policy on any occasion
shall not be considered a waiver of such party’s rights or to deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of the Policy. 

(g)    Severability. In the event that any one or more of the provisions of the Policy shall be or become invalid,
illegal or unenforceable in any respect or to any degree, the validity, legality and enforceability of the remaining provisions of the Policy shall not be affected thereby. The parties intend to give the terms of the Policy the fullest force and
effect so that is any provision shall be found to be invalid or unenforceable, the court reaching such conclusion may modify or interpret such provision in a manner that shall carry out the parties’ intent and shall be valid and enforceable.

  
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 (h)    Headings. The headings of the sections hereof are inserted
for convenience only and shall not be deemed to constitute a part hereof or to affect the meaning thereof. 

(i)    Creditor Status of Eligible Employees. In the event that any Eligible Employee acquires a right to receive
payments from the Company under the Policy such right shall be no greater than the right of any unsecured general creditor of the Company. 

(j)    Withholding Taxes. The Company may withhold from any amounts payable under the Policy such federal, state
and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 (k)    Section
409A Compliance. This Policy is intended to be interpreted and operated to the fullest extent possible so that the payments and benefits hereunder either shall be exempt from the requirements of Section 409A of the Code
(“Section 409A”) or shall comply with the requirements of Section 409A; provided, however, that notwithstanding anything to the contrary in this Policy, in no event shall the Company be liable to the Eligible Employee for or with
respect to any taxes, penalties or interest which may be imposed upon the Eligible Employee pursuant to Section 409A. To the extent that any payment or benefit pursuant to this Policy constitutes a “deferral of compensation” subject
to Section 409A (after taking into account to the maximum extent possible any applicable exemptions) (a “409A Payment”) treated as payable upon a separation from service, then, if on the date of the Eligible Employee’s separation
from service, the Eligible Employee is a Specified Employee (as defined in Section 409A), then to the extent required for Eligible Employee not to incur additional taxes pursuant to Section 409A, no such 409A Payment shall be made to the
Eligible Employee sooner than the earlier of (i) six (6) months after the Eligible Employee’s separation from service; or (ii) the date of the Eligible Employee’s death. Should this paragraph result in payments or benefits
to the Eligible Employee at a later time than otherwise would have been made under this Policy, on the first day any such payments or benefits may be made without incurring additional tax pursuant to Section 409A (the “409A Payment
Date”), the Company shall make such payments and provide such benefits as provided for in this Policy, provided that any amounts that would have been payable earlier but for the application of this paragraph shall be paid in lump-sum on the 409A Payment Date. 

  
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 EXHIBIT A 

Severance Formula 
  

			
	 Position
	  	 Severance Benefit

	Chief Executive Officer	  	2 times Base Salary
	All other participants	  	1 times Base Salary

  
 6Exhibit 10.1

 

AMENDED
& RESTATED SOFTWARE LICENSE AGREEMENT

 

THIS
AMENDED AND RESTATED SOFTWARE LICENSE AGREEMENT (this “Agreement”) is entered into as of June 22,
2020 (the “Effective Date”), by and between SWIRLDS, INC., a Delaware corporation with corporate
offices at 3400 North Central Expressway, Suite 470, Richardson, Texas 75080 (“Licensor”), and Coro
Global, Inc. (formerly known as Hash Labs, Inc.), a Nevada corporation with corporate offices at 78 SW 7th Street,
Miami, Florida 33130 (“Customer”). This Agreement amends and restates, and supersedes and replaces,
the Software License Agreement dated December 13, 2018 by and betweeen Licensor and Customer.

 

1.
DEFINITIONS.

 

“Affiliate”
means any company or entity which, directly or indirectly, controls or is controlled by or under common control with, a party
to this Agreement, but only for as long as such control exists. For the purposes of this definition, “control” (and
its correlative meanings “controlled by” or “under common control with”) means, with respect to a company
or entity, the ownership or possession of (a) at least fifty percent (50%) of the share capital having ordinary voting power,
(b) the right to elect a majority of the members then-comprising the board of directors or equivalent corporate governance body
of such company or entity, or (c) the operational management of the controlled company or entity by contract or otherwise.

 

“Coro
Account Holders” means any user of the Coro Payment Sytem that has completed due diligence including AML, KYC, and
identity verification procedures required to use the Coro Payment System. Users consist of individuals, businesses which includes
but is not limited to retailers and wholesalers, financial institutions and governments, and any other user as may be admitted
by Customer.

 

“Customer
Use Case” means a private, permissioned, peer-to-peer, distributed ledger that supports the Coro global payment
system described herein (the “Coro Payment System”). Coro, a licensed money transmitter, will allow
users to send and receive global payments and exchange currency, including gold. All currencies in the Coro user accounts are
at all times held in custody for the users. This includes the physical gold that belongs to the Coro users and will be held by
an independent gold custodian within an insured vault. Coro account holders will be able to withdraw all or a portion of their
account value in the form of physical gold or fiat currency. Within the Coro payment application, customers may use fiat currency
or gold to make money transfers or commercial payments within the Coro ecosystem. The Coro application enables users to purchase
goods or services or transfer currencies between AML/KYC approved account holders. The Coro ecosystem will include individuals,
businesses, financial instituions and eventually government entities. For clarity, the “Customer Use Case” does not
include the right to create, issue or facilitate the use of cryptocurrency tokens.

 

“Documentation”
means the technical and user documentation related to the Software, in any format, that is delivered by Licensor to Customer in
connection with this Agreement.

 

“Intellectual
Property Rights” means patent rights (including patent applications and disclosures), copyrights, trademarks, database
rights, trade secrets, know-how and any other intellectual property rights recognized in any country or jurisdiction in the world.

 

“License
Term” means the term of any license for Software specified in an Order Form, including all renewal terms.

 

“Node”
means an active physical or virtual connection that is connected to a network using the Swirlds Hashgraph technology that is capable
of creating, sending, receiving, and/or transmitting information over the Swirlds Customer Network.

 

“Order
Form” means the document executed by both parties pursuant to which Customer orders Software. Each Order Form must
expressly reference and shall form a part of this Agreement. If any terms of an Order Form conflict with any terms of this Agreement,
the terms of the Order Form will control.

 

“Software”
means Licensor’s software products licensed under this Agreement, as specified in an Order Form signed by both parties,
which includes Source Code and any error corrections, updates or upgrades provided by Licensor to Customer under this Agreement.

 

“Source
Code” means the human readable source code of the Software that is made available by Licensor on its web site at
www.swirlds.com/download/.

 

“Hashgraph”
means Swirlds proprietary consensus mechanism algorithm used for distributed ledger networks.

 

“Swirlds
Customer Network” means the private, permissioned, peer-to-peer, distributed ledger technology-based system operated
by Customer using the Swirlds Hashgraph algorithm.

 

2.
LICENSE.

 

2.1 License.
Subject to the terms and conditions of this Agreement, Licensor grants to Customer a nonexclusive, nontransferable license to
install and use the Software specified on any fully-executed Order Form during the applicable License Term, for which
Customer has timely paid all fees, solely for the development, implementation, operation and maintenance of Nodes connected
to a Swirlds Customer Network solely for the Customer Use Case. Customer may permit an Affiliate of Customer to install and
use the licensed Software solely in connection with the exercise of Customer’s rights under this Agreement and subject
to any such Affiliate’s compliance with all of the terms and conditions of this Agreement. Likewise, Customer may
permit its third-party subcontractors to access and use the Software, solely in connection with the exercise of
Customer’s rights under this Agreement and subject to any such subcontractor’s compliance with all of the terms
and conditions of this Agreement, Customer shall (a) ensure that any such Affiliate or subcontractor complies with all of the
terms of this Agreement and (b) be liable for any breach of this Agreement by any such Affiliate or subcontractor. 

 

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2.2 General
License Restrictions. Except as expressly permitted in this Agreement, the licenses granted in this Section 2 do not permit
Customer to, and Customer will not, and will not permit third parties to: (a) modify, create derivate works of, disassemble, decompile
or reverse engineer the Software; (b) copy the Software, except as expressly permitted herein; (c) sublicense, rent, lease or
otherwise transfer the Software, or any portion thereof; (d) use the Software for any time-sharing or service bureau use; (e)
exceed any licensed limitations set forth in the applicable Order Form; (f) use the Software or the Swirlds Customer Network in
any manner outside the scope of the Customer Use Case; or (g) use the Software to create, issue or facilitate the use of cryptocurrency
tokens. 

 

2.3 Software
Restrictions. Access to, and use of, the Software may be limited by restrictions set forth in the applicable Order Form,
including, without limitation, a maximum number of Nodes that may be developed and operated on the Swirlds Customer Network. Customer
shall not use the Software in breach of any such restrictions. Customer shall be responsible and liable for the acts and omissions
of all users (including any breach of this Agreement) with access to the Software that is provided by Customer. With prior written
notice to Customer, the Software may contain license protection procedures that limit access to and use of the Software to that
use permitted under this Agreement. Customer shall not circumvent or render inoperative any such protection procedures.

 

2.4 Copies.
Customer may make a reasonable number of backup copies of the Software as is consistent with Customer’s normal periodic backup
procedures, solely for Customer’s non-active use. Customer shall maintain a log of the number and location of all originals
and copies of the Software. Customer may reproduce or copy any portion of the Documentation into machine-readable or printed form
for its internal use and only as required to exercise its rights hereunder. 

 

2.5 Licensor
Node. Licensor shall have the option to develop, implement, operate and maintain one or more Nodes on the Swirlds Customer
Network for the sole purpose of tracking and auditing transactions conducted using the Swirlds Customer Network, including transactions
on the Coro Payment System and purchases of goods and services by account holders using Coro. Licensor agrees that all information
on the Swirlds Customer Network and Coro Payment Sytem is Confidential Information of Customer and shall be used solely for the
monitoring purposes set forth in this Section 2.5. Licensor shall ensure that its Nodes meet all of the Customer requirements
applicable to all Nodes on the Swirlds Customer Network and Coro Payment System.

 

2.6 Limited
Rights. Customer’s rights in the Software will be limited to those expressly granted in this Section 2. Licensor reserves
all rights and licenses in and to the Software not expressly granted to Customer under this Agreement.

 

3. OWNERSHIP.

 

3.1 Licensor
and its third-party licensors presently own and will continue to own all worldwide right, title, and interest in and to the Software
and all worldwide Intellectual Property Rights therein, whether or not the Software, in whole or in part, is incorporated in or
combined with any other product. Customer will not delete or in any manner alter the copyright, trademark, and other proprietary
rights notices of Licensor and its licensors appearing on the Software as delivered to Customer. Customer will reproduce such
notices on all copies it makes of the Software. 

 

3.2 Customer
hereby grants Licensor a worldwide, non-exclusive, perpetual, irrevocable, sub-licensable, royalty-free license to use, modify,
make derivative works of, and incorporate into the Software and Documentation, any feedback, input, comments and/or suggestions
by Customer related to the Software and/or Documentation, including requests for modifications or improvements thereto.

 

3.3
All rights and licenses granted by Licensor under this Agreement are and shall be deemed to be rights and licenses to “intellectual
property,” as such term is used in and interpreted under Section 365(n) of the United States Bankruptcy Code (the “Code”)
(11 U.S.C. § 365(n)). Customer shall have all rights, elections, and protections under the Code and all other applicable
bankruptcy, insolvency, and similar laws with respect to this Agreement. Without limiting the generality of the foregoing, Licensor
acknowledges and agrees that if Licensor or its estate shall become subject to any bankruptcy or similar proceeding, subject to
Customer’s rights of election under Section 365(n), all licenses granted to Customer under this Agreement will continue
subject to its terms and conditions, and will not be affected, even by Licensor’s rejection of this Agreement.

 

4. SUPPORT
SERVICES.

 

4.1 Support
Services. Subject to the payment of all fees specified in the applicable Order Form, during the applicable License Term the
Licensor will perform the maintenance and support services specified in Exhibit 1.

 

4.2
Source Code. Throughout the applicable License Term, Licensor shall (a) make the Source Code available and accessible to
Customer, and (b) make available all upgrades, updates or other changes to the version of the Software used by Customer.

 

5. PAYMENT.

 

5.1 License
Fees. In consideration of the licenses granted under this Agreement, Customer will pay Licensor the fees and expenses set
forth in any Order Form. 

 

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5.2 Travel
and Incidental Expenses. Customer will reimburse Licensor for any reasonable out-of-pocket expenses approved in advance in
writing by Customer incurred by Licensor in connection with performing any services at Customer’s site.

 

5.3 Payment
Terms. All undisputed payment will be made by Customer within thirty (30) days after the date of an invoice provided by Licensor.
Customer will pay all amounts due under this Agreement in U.S. currency. All past due amounts will incur interest at a rate equal
to the lower of 1.0% per month or the highest rate permitted by law, beginning as of ten (10) days after the applicable due date.

 

5.4 Taxes.
Customer is liable for any and all sales, use, excise, value added, or other similar taxes Licensor is required by applicable
law to collect (and remit the applicable tax authority) in connection with this Agreement. If Customer is exempt from the payment
of any such taxes, Customer must provide Licensor with a valid tax exemption certificate; otherwise, absent proof of Customer’s
direct payment of such taxes to the applicable taxing authority, Licensor will invoice Customer for and Customer will pay to Licensor
all such taxes. Notwithstanding anything to the contrary in this section, Licensor shall be solely responsible for all taxes based
on its income.

 

6. WARRANTY.

 

6.1 Limited
Software Performance Warranty. Licensor warrants that throughout the applicable License Term, the Software will function in
all materials respects in accordance with the documentation listed on Exhibit 2 as the same may be revised and delivered
to Customer from time to time (the “Customer Documentation”). 

 

6.2 Performance
Warranty Remedy. Customer shall notify Licensor in writing of any claim that the Software is not functioning in accordance
with the Customer Documentation (the “Warranty Notice”). The Warranty Notice will include sufficient
information to allow Licensor to duplicate the defect or error. Licensor will promptly repair or replace, or create a Workaround
(as defined in Exhibit 1) for, any Software that fails to meet the performance warranty. If Licensor fails to correct or
create a workaround for a defect reported by Customer within thirty (30) days after the defect was reported, Customer shall have
the option to terminate this Agreement in which case Licensor shall refund to Customer any pre-paid license fees, pro-rated based
on the number of days elapsed, and the number of days remaining in, the then-current License Term. If Customer exercises its termination
option, it shall have the right to continue to use the Software under the terms of this Agreement for a transition period of up
to 180 days, subject to Customer’s continued compliance with all of the terms and conditions of this Agreement and each
Order From.

 

6.3 Performance
Warranty Limitations. The performance warranty shall not apply: (a) to any modifications of the Software made other than by
Licensor or its agent or contractor; (b) if the Software is not used in accordance with the Customer Documentation or this Agreement;
(c) if the Software has been modified, enhanced or altered by anyone other than Licensor or its agent or contractor; or (d) to
any error or defect caused by the improper use of the Software by Customer or any third party, or any third-party software.

 

6.4 Additional
Representations. Licensor further represents and warrants that: (a) Licensor has all rights necessary to grant to Customer
the rights and licenses granted under this Agreement; and (b) the Software does not contain any virus or other code that would
cause the Software to become inoperable or incapable of being used in accordance with the Customer Documentation.

 

6.5 Disclaimer
of Warranties. The limited warranties set forth in this Section 6 are in lieu of, and
Licensor disclaims, all other warranties, express, implied or statutory, including but not limited to those of merchantability
or fitness for a particular purpose.

 

7. INDEMNIFICATION.

 

7.1 Infringement
Indemnity. Licensor will defend, indemnify and hold Customer harmless from and against any losses, claims, liabilities, damages,
costs and expenses arising out of or related to any claim, suit, or action brought against Customer to the extent that it is based
upon a claim that the Software or use of the Software, as provided by Licensor to Customer under this Agreement and used within
the scope of this Agreement, infringes any Intellectual Property Right or other right of any third party, provided that Customer:
(a) promptly notifies Licensor in writing of the claim; (b) grants Licensor sole control of the defense and settlement of
the claim; and (c) provides Licensor with authority required for the defense and settlement of the claim and all reasonably requested
assistance and information (at Licensor’s expense).

 

7.2 Injunctions.
If Customer’s use of the Software hereunder is, or in Licensor’s opinion is likely to be, enjoined due to the type
of infringement specified in Section 7.1 above, Licensor may, at its sole option and expense: (a) procure for Customer
the right to continue using such Software under the terms of this Agreement; (b) replace or modify such Software so that
it is non-infringing and substantially equivalent in function to the enjoined Software; or (c) if options (a) and (b) above
cannot be accomplished despite Licensor’s reasonable efforts, then Licensor may terminate Customer’s rights and Licensor’s
obligations hereunder with respect to such Software and refund to Customer any pre-paid license fees, pro-rated based on the remaining
License Term.

 

7.3 Exclusions.
Notwithstanding the terms of Section 7.1, Licensor will have no liability for, and Customer will indemnify, defend and hold Licensor
harmless with respect to, any infringement claim of any kind to the extent it results from: (a) modification of the Software
made other than by Licensor or its agents or contractors or with Licensor’s approval; (b) the combination, operation or
use of any Software supplied hereunder with equipment, devices or software not supplied by Licensor to the extent such a claim
would have been avoided if the Software were not used in such combination and only if such equipment, device or software was not
specified or approved for use with the Software; (c) failure of Customer to use updated or modified Software provided by
Licensor to avoid infringement; or (d) compliance by Licensor with designs, plans or specifications furnished by or on behalf
of Customer.

 

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7.4 Sole
Remedy. The provisions of this Section 7 set forth Licensor’s sole and exclusive obligations, and Customer’s
sole and exclusive remedies, with respect to infringement of intellectual property rights of any kind.

 

8. CONFIDENTIALITY.

 

8.1 Definition.
“Confidential Information” means: (a) the Software; and (b) any business or technical information
of Licensor or Customer, including but not limited to any information relating to Licensor’s or Customer’s product
plans, designs, costs, product prices and names, finances, marketing plans, business opportunities, personnel, research, development
or know-how.

 

8.2 Exclusions.
Confidential Information does not include information that: (a) is or becomes generally known to the public through no fault
or breach of this Agreement by the receiving party; (b) is known to the receiving party at the time of disclosure without
an obligation of confidentiality; (c) is independently developed by the receiving party without use or access of the disclosing
party’s Confidential Information; (d) the receiving party rightfully obtains from a third party without restriction on use
or disclosure; or (e) is disclosed with the prior written approval of the disclosing party.

 

8.3 Use
and Disclosure Restrictions. During the term of this Agreement, and for a period of five (5) years after any termination of
this Agreement, each party will not use the other party’s Confidential Information except as permitted herein, and, except
as expressly permitted herein, will not disclose such Confidential Information to any third party, except to those of its employees,
subcontractors and consultants as is reasonably required in connection with the exercise of its rights and obligations under this
Agreement (and only subject to binding use and disclosure restrictions at least as protective as those set forth herein executed
in writing by such employees and consultants). 

 

8.4 Compelled
Disclosure. Each party may disclose Confidential Information of the other party: (a) pursuant to the order or requirement
of a court, administrative agency, or other governmental body, provided that the party responding to such order or requirement
gives reasonable notice to the other party to contest such order or requirement; and (b) on a confidential basis to legal
or financial advisors.

 

9. LIMITATION
OF LIABILITY.

 

9.1 Total
Liability. Each party’s cumulative liability to the other Party under this agreement,
from all causes of action and all theories of liability, will be limited to and will not exceed the amounts paid to Licensor by
Customer pursuant to this Agreement for the Software and services which are the subject of the cause of action or claim.

 

9.2 Exclusion
of Damages. in no event will either party be liable to the other party for any special,
indirect, incidental or consequential damages (including loss of use, data, business or profits) arising out of or in connection
with this agreement or the use or performance of the Software or services, whether such liability arises from any claim based
upon contract, warranty, tort (including negligence), product liability or otherwise, and whether or not the party has been advised
of the possibility of such loss or damage.

 

9.3 Exclusions.
The limitations on liability and the exclusion of damages provided in Sections 9.1 and 9.2 shall not apply to: (a) any breach
by Customer of Section 2 (License) of this Agreement; (b) Licensor’s indemnity obligations under Section 7 (Indemnification);
(c) a breach by either party of Section 8 (Confidentiality); or (d) any liability arising out of the fraud, gross negligence or
willful misconduct of a party.

 

9.4 Basis
of Bargain. The parties expressly acknowledge and agree that Licensor has set its prices and entered into this Agreement in
reliance upon the limitations of liability specified herein, which allocate the risk between Licensor and Customer.

 

10. TERMINATION.

 

10.1 Term.
This Agreement will begin on the Effective Date and will remain in effect until the expiration of all License Terms specified
in any Order Forms (including any renewal terms) executed in connection with this Agreement. 

 

10.2 Termination
for Breach. Each party will have the right to terminate this Agreement or any Software license granted hereunder if the other
party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after written notice
thereof.

 

10.3 Effect
of Termination. Upon any termination of this Agreement or of any license granted hereunder, Customer will promptly return
to Licensor or, at Licensor’s request, destroy, the applicable Software and all copies and portions thereof, in all forms
and types of media, and provide Licensor with an officer’s written certification, certifying to Customer’s compliance
with the foregoing. In addition, upon termination of this Agreement all amounts due and owing by Customer to Licensor under this
Agreement and all Order Forms will be immediately due and payable. 

 

10.4 Nonexclusive Remedy.
Termination of this Agreement by either party will be a nonexclusive remedy for breach and will be without prejudice to any other
right or remedy of such party.

 

10.5 Survival.
The rights and obligations of the parties contained in Sections 2.2 2.3, 2.5, 3, 5, 7, 8, 9, 10.4, 10.5, and 11 will survive the
termination or expiration of this Agreement.

 

    Page 4 of 10

     

    

 

11. GENERAL.

 

11.1 Assignment.
Customer will have no right to assign (whether by operation of law or otherwise) this Agreement, either in whole or in part, without
Licensor’s prior written consent. A merger, purchase or other acquisition of Customer shall not constitute an assignment
for purposes of this Agreement; provided that, any acquisition of Customer by a direct competitor of Hedera Hashgraph, LLC, whether
via merger, a purchase of a controlling equity interest in Customer or a purchase of substantially all of Customer’s assets,
shall constitute an assignment of this Agreement and shall require Licensor’s prior written consent. Any attempt to assign
this Agreement, without such consent, will be null and void.

 

11.2 Governing
Law and Jurisdiction. This Agreement will be governed by and construed in accordance with the laws of the State of Texas,
without reference to its rules governing the conflict of laws. Any legal action or proceeding arising under this Agreement will
be brought exclusively in the federal or state courts located in Dallas, Texas and the parties hereby consent to the personal
jurisdiction and venue therein.

 

11.3 Right
to Injunctive Relief. Each party acknowledges that its material breach of Sections 2, 3 or 8 may likely cause irreparable
injury to Licensor and the other party shall have the right to seek injunctive or other equitable relief in the event of any such
material breach.

 

11.4 Severability.
If for any reason a court of competent jurisdiction finds any provision of this Agreement invalid or unenforceable, that provision
of the Agreement will be enforced to the maximum extent permissible and the other provisions of this Agreement will remain in
full force and effect.

 

11.5 Waiver.
The failure by either party to enforce any provision of this Agreement will not constitute a waiver of future enforcement of that
or any other provision.

 

11.6 Notices.
All notices required or permitted under this Agreement will be in writing and delivered by courier or overnight delivery service,
or by certified mail, and in each instance will be deemed given upon receipt. All communications will be sent to the addresses
of the parties set forth in the applicable Order Form or to such other address as may be specified by either party to the other
in accordance with this Section. Either party may change its address for notices under this Agreement by giving written notice
to the other party by the means specified in this Section.

 

11.7 Force
Majeure. Except with respect to the payment of money, neither party will be responsible for any failure or delay in its performance
under this Agreement due to causes beyond its reasonable control, including but not limited to, labor disputes, strikes, lockouts,
shortages of or inability to obtain labor, energy, raw materials or supplies, war, riot, act of God or governmental action.

 

11.8 Relationship
of Parties. The parties to this Agreement are independent contractors and this Agreement will not establish any relationship
of partnership, joint venture, employment, franchise, or agency between the parties. Neither party will have the power to bind
the other or incur obligations on the other’s behalf without the other’s prior written consent.

 

11.9 Federal
Government Contracts; Restricted Rights. The Software and Documentation have been developed at private expense of Licensor
and its third-party licensors. Any Software and Documentation that are provided for or on behalf of the United States of America,
its agencies and/or instrumentalities (“U.S. Government”), are provided with Restricted Rights and Limited
Rights, as applicable, and as defined under applicable law, rule or regulation. Use, duplication or disclosure by the U.S. Government
is subject to restrictions as set forth in subparagraph (c)(1)(ii) of the Rights in Technical Data and Computer Software clause
at DFARS Exc or subparagraphs (c)(1) and (2) of the Commercial Computer Software - Restricted Rights
at 48 CFR 52.227-19, and DFARS 252.227-7013, 252.227-7015, 252.227-7025
and other similar clauses, as applicable. The Software and Documentation provided to the Government are provided with limited
rights. The Government’s rights to use, modify, reproduce, release, perform, display or disclose the Software and Documentation
are restricted as set forth herein. Any reproduction of the Software or Documentation or portions thereof marked with this legend
must also reproduce the markings.

 

11.10 Export
Control Notice. Customer acknowledges the Software, or any part thereof, is being released or transferred to Customer in the
United States and is therefore subject to United States export control laws. Customer acknowledges its exclusive obligation to
ensure that its exports are in compliance with the applicable export control laws. Customer shall defend, indemnify, and hold
Licensor and its third party licensors harmless from and against any and all claims, judgments, awards, and costs (including reasonable
legal, including attorneys’ fees) arising out of Customer’s noncompliance with applicable export laws with respect to the
use or transfer of the Software outside the United States by Customer. As a condition to Customer’s obligations under this
Section 11.10, Licensor shall notify Customer in writing of any and all applicable export restrictions to which the Software is
subject.

 

11.11 Audit
Rights. Customer will maintain books and records in connection with its installation and use of the Software. Licensor shall
have the right during the term of this Agreement and for up to one (1) year after the termination of this Agreement or the licenses
granted herein, upon reasonable written notice and during normal business hours, to audit and inspect the Customer, its books
and records and its utilization of the Software in order to verify compliance with the payment terms of this Agreement. Audits
will be made no more than twice in any calendar year and must be completed no later than two (2) years after the period that is
the subject of the audit. If an audit reveals that Customer has underpaid for Software based on Customer’s actual use of
such Software, then Customer will pay Licensor, promptly upon demand by Licensor: (a) the underpaid license fees therefore, which
fees will equal Licensor’s then-current list rates; (b) any applicable late charges; and (c) Licensor’s reasonable
costs of conducting the audit if the underpayment exceeds 3%. If an audit reveals Customer is utilizing the Software in a manner
not permitted under this Agreement, Customer agrees to take, at Customer’s expense, all reasonable corrective action requested
by Licensor.

 

    Page 5 of 10

     

    

 

11.12 Publicity.
Licensor shall have the right to identify Customer as a customer on Licensor’s web site and as part of Licensor’s
other marketing efforts, including customer lists and press releases. Customer shall be entitled to reference its use of the Software
in its marketing and communications campaigns, provided that each use of Licensor’s name and/or logo must be approved by
Licensor (which approval will not be unreasonably withheld or delayed). Licensor and Customer agree to issue a joint press release
announcing this Agreement within thirty (30) days after final execution thereof. The content of such joint press release shall
be mutually agreed upon by the parties..

 

11.13 Customer
Purchase Orders. This Agreement and each Order Form shall prevail over any additional, conflicting, or inconsistent terms
and conditions which may appear on any purchase order or other document furnished by Customer to Licensor

 

11.14 Counterparts;
Electronic Signatures. This Agreement and each Order Form executed in connection herewith may be signed in two counterparts,
each of which shall be deemed an original and which shall together constitute one Agreement. Signatures to this Agreement and
each Order From may be executed by way of electronic signatures, and such signatures shall be considered original. Signatures
transmitted by email, portable document format (.pdf), or by any other electronic means intended to preserve the original graphic
and pictorial appearance of this Agreement or any Order From shall have the same effect as the physical delivery of a paper document
bearing the original signatures.

 

11.15 Entire
Agreement. This Agreement and each Order Form executed in connection herewith, including all schedules, exhibits and attachments
attached to this Agreement or any Order Form, contains the complete understanding and agreement of the parties and supersedes
all prior or contemporaneous agreements or understandings, oral or written, relating to the subject matter herein. Any waiver,
modification or amendment of any provision of this Agreement will be effective only if in writing and signed by duly authorized
representatives of the parties.

 

    Page 6 of 10

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the Effective Date by their duly authorized representatives.

 

	CORO GLOBAL, INC.	 	SWIRLDS, INC.
	 
	By:	J. Mark Goode	 	By:	/s/ Mance Harmon
	Name:	J. Mark Goode	 	Name:	Mance Harmon
	Title:	CEO	 	Title:	CEO

 

    Page 7 of 10

     

    

 

EXHIBIT
1

 

MAINTENANCE
AND SUPPORT TERMS

 

This
Exhibit 1 relates to and is incorporated into the Software License Agreement (the “Agreement”). Capitalized terms
not defined in Section 6 below have the same meaning as in the Agreement.

 

		1.	COVERAGE

 

Subject
to the payment of all fees specified in the applicable Order Form, Licensor will perform the maintenance and support services
specified in this Exhibit 1 during the applicable License Term. Licensor will provide maintenance and support services only to
Customer and only for the Software that has been ordered and paid for by Customer.

 

		2.	MAINTENANCE
                                         AND SUPPORT SERVICES

 

		a.	Maintenance
                                         and support services consist of (a) Error Correction and E-mail and Telephone Support
                                         provided to the Technical Support Contact concerning the installation and use of the
                                         then-current release of the Software and the Previous Sequential Release and (b) product
                                         updates that Licensor in its discretion makes generally available. Product updates consist
                                         of one copy of published revisions to the printed documentation and one copy of revisions
                                         to the machine readable Software that are not designated by Licensor as products for
                                         which it charges a separate fee.

 

		b.	A
                                         New Release is a new software product that contains enhancements of the Software. Licensor
                                         shall advise Customer of New Releases that it decides, in its sole discretion, to make
                                         available to Customer by adding it to the Agreement. New Releases may require payment
                                         of additional license fees. All product updates or New Releases provided to Customer
                                         shall be governed by the terms of the Agreement, including without limitation the applicable
                                         fees. Upon installation of updates or New Releases, prior versions or releases are to
                                         be destroyed.

 

		3.	ERROR
                                         CORRECTIONS

 

Licensor
shall exercise commercially reasonable efforts to correct any Error reported by Customer in the current release of Software, and
shall provide a corrected version of the Software to Customer immediately upon such correction. If an Error has a material adverse
impact on Customer’s use of the Software, Licensor shall use diligent and expedited efforts to correct the Error or to provide
a Workaround as soon as practicable.

 

If
Licensor believes that a problem reported by Customer may not be due to an Error in the Software, Licensor will so notify Customer.
At that time, Customer may (1) instruct Licensor to proceed with problem determination at Customer’s possible expense
as set forth below, or (2) instruct Licensor that Customer does not wish the problem pursued at Customer’s possible
expense. If Customer requests that Licensor proceed with problem determination at Customer’s possible expense and Licensor
determines that the problem was not due to an Error in the Software, Customer shall pay Licensor, at Licensor’s then-current
and standard consulting rates, for all work performed in connection with such determination, plus reasonable related expenses
incurred therewith. Customer shall not be liable for (i) problem determination or repair to the extent problems are due to
Errors in the Software, (ii) work performed under this paragraph in excess of its instructions or (iii) work performed
after Customer has notified Licensor that it no longer wishes work on the problem determination to be continued at Customer’s
possible expense (such notice shall be deemed given when actually received by Licensor). If Customer instructs Licensor that it
does not wish the problem pursued at Customer’s possible expense or if such determination requires effort in excess of Customer’s
instructions, Licensor may, at its sole discretion, elect not to investigate the problem with no liability therefor.

 

		4.	EXCLUSIONS.
                                         

 

		a.	Licensor
                                         shall have no obligation to support:

 

		i.	altered,
                                         damaged or modified Software (excluding Software altered or modified by or on behalf
                                         of Licensor) or any portion of the Software incorporated with or into other software;

 

		ii.	Software
                                         that is not the then-current release or immediately Previous Sequential Release;

 

    Page 8 of 10

     

    

 

		iii.	Software
                                         problems caused by Customer’s negligence, abuse or misapplication, Customer’s
                                         use of the Software other than as specified in the Customer Documentation;

 

		iv.	Software
                                         installed on any computing environment that is not supported by Licensor; or

 

		v.	Any
                                         software or application other than the licensed Software.

 

		b.	Licensor
                                         shall have no liability for any changes in Customer’s hardware that may be necessary
                                         to use the Software due to a Workaround or maintenance update.

 

		5.	DEFINITIONS

 

		a.	“E-mail
                                         and Telephone Support” means technical support email and telephone assistance
                                         provided by Licensor to the Technical Support Contact during normal business hours concerning
                                         the installation and use of the then-current release of the Software and the Previous
                                         Sequential Release.

 

		b.	“Error”
                                         means a material failure of the Software to operate in accordance with the Customer
                                         Documentation.

 

		c.	“Error
                                         Correction” means the use of reasonable commercial efforts to correct Errors.

 

		d.	“Fix”
                                         means the repair or replacement of object or executable code versions of the Software
                                         to remedy an Error.

 

		e.	“Previous
                                         Sequential Release” means at any time the release of the Software that has
                                         been replaced by the then-current release of the same Software. Notwithstanding anything
                                         else, a Previous Sequential Release will be supported by Licensor only for a period of
                                         six (6) months after release of the then-current release.

 

		f.	“Workaround”
                                         means a change in the procedures followed or data supplied by Customer to avoid an Error
                                         without substantially impairing Customer’s use of the Software.

 

    Page 9 of 10

     

    

 

EXHIBIT
2

 

CUSTOMER
DOCUMENTATION

 

Swirlds
Documentation Deliverables

 

Introduction/Feature
Documentation – Overview of the product intended to highlight the product features and benefits at a high level.

 

		●	Overview

		●	Gossip
                                         About Gossip

		●	Virtual
                                         Voting

		●	Advantages
                                         of Hashgraph

		●	Technical
                                         requirements

		○	Tech
                                         Report SWIRLDS-TR-2016-01 - a long description of Hashgraph, the consensus algorithm,
                                         and the math proofs

		○	Tech
                                         Report SWIRLDS-TR-2016-02 - examples that walk through every step of the algorithm

		●	Security
                                         information

 

User
Documentation – Guides the end user through the product.

 

		○	FAQ’s

		○	Troubleshooting
                                         Guide 

		○	Getting
                                         Started

		○	Quickstart

		○	Installation

		○	How
                                         to install / recompile the example apps in Eclipse

		○	How
                                         to install / recompile the example apps from the command line

		○	How
                                         to create a new Swirlds app using the SDK and Eclipse

 

API
Documentation – Details the product API for both internal and external (client and/or partner) development audiences.

 

		○	References

		○	Platform

		○	SwirldMain

		○	SwirldState

		○	The
                                         javadoc for the various platform classes that apps use

		○	Advanced
                                         development: optimizing FastCopyable classes

		○	Key
                                         management

		○	Libraries
                                         used by the SDK

 

 

Page
10 of 10

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