Document:

EX-10.8

 Exhibit 10.8 

INVESTMENT MANAGEMENT TRUST AGREEMENT 

This Agreement is made as of June 10, 2019 by and between GigCapital2, Inc. (the “Company”), having its principal
office located at 2479 E. Bayshore Rd., Suite 200, Palo Alto, CA 94303 and Continental Stock Transfer & Trust Company (the “Trustee”) located at 1 State Street, 30th Floor, New York, New York 10004. 

WHEREAS, the Company’s Registration Statement on Form S-1, as amended, No. 333-231337 (together with any registration statement filed pursuant to Rule 462(b), the “Registration Statement”), and prospectus (the “Prospectus”) for the
initial public offering of the Company’s units (the “Units”), each of which consists of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), one right to
receive one twentieth (1/20) of one share of Common Stock and one warrant, each warrant entitling the holder thereof to purchase one share of Common Stock (such initial public offering hereinafter referred to as the “IPO”),
has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and 
 WHEREAS, the Company has entered
into an Underwriting Agreement with EarlyBirdCapital, Inc., as representative (the “Representative”) of the several underwriters (the “Underwriters”) named therein (the “Underwriting
Agreement”); and 
 WHEREAS, as described in the Registration Statement, $150,000,000 of the gross proceeds of the IPO
($172,500,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located in the United States (the “Trust Account”)
for the benefit of the Company and the holders of the Company’s Common Stock included in the Units (the amount to be delivered to the Trustee, and any interest subsequently earned thereon, net of taxes, will be referred to herein as the
“Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders”, and the Public Stockholders and the Company will be referred to
together as the “Beneficiaries”); and 
 WHEREAS, the Company and the Trustee desire to enter into this Agreement to
set forth the terms and conditions pursuant to which the Trustee shall hold the Property; 
 IT IS AGREED: 

1. Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 

(a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the
Trustee in the United States at a branch of J.P. Morgan Chase Bank, N.A. and at a brokerage institution selected by the Trustee that is satisfactory to the Company; 

(b) Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein; 

(c) In a timely manner, upon the instruction of the Company, to invest and reinvest the Property in United States “government
securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), having a maturity of 185 days or less, and/or in any open ended investment company
registered under the Investment Company Act that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under
the Investment 

 
Company Act or any successor rule, which invest only in direct U.S. government treasury obligations, as determined by the Company. As used herein, “government securities” shall mean
United States Treasury Bills; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder and
the Trustee may earn bank credits or other consideration during such periods. 
 (d) Collect and receive, when due, all principal and
interest income arising from the Property, all of which income shall become part of the Property and which interest income can then be released to the Company to pay taxes when requested; 

(e) Notify the Company and the Representative of all communications received by it with respect to any Property requiring action by the
Company; 
 (f) Supply any necessary information or documents as may be requested by the Company or its authorized agents in connection with
the Company’s preparation of the tax returns relating to assets held in the Trust Account; 
 (g) Participate in any plan or proceeding
for protecting or enforcing any right or interest arising from the Property if, as and when instructed by the Company in writing to do so; 

(h) Render to the Company, and to such other person as the Company may instruct, monthly written statements of the activities of and amounts in
the Trust Account reflecting all receipts and disbursements of the Trust Account; 
 (i) Commence liquidation of the Trust Account only after
and promptly after (x) receipt of, and only in accordance with, the terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or
Exhibit B signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer or Chairman of the Board of Directors of the Company (the “Board”) or other authorized officer of the Company, and
complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest (which interest shall be net of any taxes payable and less up to $100,000 of interest to pay dissolution expenses), only as directed
in the Termination Letter and the other documents referred to therein, or (y) upon the date which is the later of (i) 24 months after the closing of the IPO and (ii) such later date as may be approved by the Company’s stockholders in
accordance with the Company’s Amended and Restated Certificate of Incorporation, as filed with the Secretary of State of the State of Delaware (the “Amended and Restated Certificate”) if a
Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in
the Trust Account, including interest (which interest shall be net of any taxes payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses), shall be distributed to the Public Stockholders of record
as of such date; provided, however, that in the event the Trustee receives a Termination Letter in a form substantially similar to Exhibit B hereto, or if the Trustee begins to liquidate the Property because it has received no
such Termination Letter by the date specified in clause (y) of this Section 1(j), the Trustee shall keep the Trust Account open until twelve (12) months following the date the Property has been distributed to the
Public Stockholders; and 
 (j) Upon written request from the Company, which may be given from time to time in a form substantially similar
to that attached hereto as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company the amount of interest earned on the Property requested by the Company to
cover any tax obligation owed by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be 

  
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delivered directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to the relevant taxing authority; provided,
however, that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in writing to make such
distribution; so long as there is no reduction in the principal amount initially deposited in the Trust Account; provided, further, that if the tax to be paid is a franchise tax, the written request by the Company to make such
distribution shall be accompanied by a copy of the franchise tax bill from the State of Delaware for the Company and a written statement from the principal financial officer of the Company setting forth the actual amount payable (it being
acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be payable from the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company
is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request; 
 (k) Upon written request from the
Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute to the Public
Stockholders of record as of such date the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders properly submitted in connection with a stockholder vote to approve an amendment to any provision of the
Amended and Restated Certificate relating to pre-initial Business Combination activity or the related stockholders’ rights. The written request of the Company referenced above shall constitute presumptive
evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request; and 
 (l) Not
make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j) or (k) above. 
 2. Agreements and
Covenants of the Company. The Company hereby agrees and covenants to: 
 (a) Give all instructions to the Trustee hereunder in writing,
signed by the Company’s President, Chairman of the Board or Chief Executive Officer or Chief Financial Officer. In addition, except with respect to its duties under Sections 1(j), 1(k) and 1(l) above, the Trustee
shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the persons authorized above to give written
instructions, provided that the Company shall promptly confirm such instructions in writing; 
 (b) Subject to
Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any
action taken by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the
services of the Trustee hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of
notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided, that the Trustee shall obtain the consent of the
Company with respect to the selection of counsel, which consent shall not be unreasonably withheld or delayed. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not
be unreasonably withheld or delayed. The Company may participate in such action with its own counsel; 

  
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 (c) Pay the Trustee the fees set forth on Schedule A hereto, including an initial
acceptance fee, annual administration fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees unless and until
it is distributed pursuant to Sections 1(i) through 1(k) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the IPO, and, thereafter pay the annual fee.
The Trustee shall refund to the Company the annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Account. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth
in this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof; 

(d) In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder
meeting verifying the vote of such stockholders regarding such Business Combination; 
 (e) Provide the Representative with a copy of any
Termination Letter(s) and/or any other correspondence that is sent to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same; and 

(f) In the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to
Section 1(j), the Company agrees that it will not direct the Trustee to make any payments not specifically authorized by this Agreement. 

3. Limitations of Liability. The Trustee shall have no responsibility or liability to: 

(a) Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this agreement
and that which is expressly set forth herein; 
 (b) Take any action with respect to the Property, other than as directed in
Section 1 hereof, and the Trustee shall have no liability to any party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct; 

(c) Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of
any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any
expenses incident thereto; 
 (d) Change the investment of any Property, other than in compliance with Section 1(c); 

(e) Refund any depreciation in principal of any Property; 

(f) Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 

  
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 (g) The other parties hereto or to anyone else for any action taken or omitted by it, or any
action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The Trustee may rely conclusively and shall be protected in acting
upon any order, judgment, instruction, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith, to be genuine and to be signed or
presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 

(h) Verify the accuracy of the information contained in the Registration Statement; 

(i) Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement; 
 (j) File information returns with respect to the Trust Account with any local, state or federal taxing
authority or provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property; 

(k) Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and
activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, income tax obligations, except pursuant to Section 1(j) hereof; or 

(l) Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(h),
1(i) and 1(j) hereof. 
 4. Trust Account Waiver. The Trustee has no right of set-off or any
right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In
the event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely
against the Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account. 
 5. Termination. This
Agreement shall terminate as follows: 
 (a) If the Trustee gives written notice to the Company that it desires to resign under this
Agreement, the Company shall use its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has
been appointed and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and
statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation
notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee
shall be immune from any liability whatsoever; 

  
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 (b) At such time that the Trustee has completed the liquidation of the Trust Account and its
obligations in accordance with the provisions of Section 1(i) hereof (which section may not be amended except as described in Section 6(c)) and distributed the Property in accordance with the
provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 2(b). 
 6.
Miscellaneous. 
 (a) The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth
below with respect to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must notify the other party
immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will rely upon all information supplied to it by the
Company, including, account names, account numbers, and all other identifying information relating to a beneficiary, beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s gross negligence, fraud or
willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds. 

(b) This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflict of laws. It may be executed in several counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. 

(c) This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for
Sections 1(i) and 1(k) hereof (each of which may not be modified, amended or deleted without the affirmative vote of sixty five percent (65%) of the then outstanding shares of Common Stock; provided, that no such amendment will
affect any Public Stockholder who has otherwise indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement), this Agreement or any provision hereof may be changed, amended or
modified by a writing signed by each of the parties hereto. 
 (d) The Trustee may rely conclusively on the certification from the inspector
of elections referenced above and shall be relieved of all liability to any party for executing the proposed amendment in reliance thereon. The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of
New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY. 

(e) Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission: 

if to the Trustee, to: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 

New York, New York 10004 

Attn: Francis Wolf and Celeste Gonzalez 

Email: fwolf@continentalstock.com 

Email: cgonzalez@continentalstock.com 

  
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 if to the Company, to: 

GigCapital2, Inc. 

2479 E. Bayshore Rd., Suite 200 

Palo Alto, CA 94303 

Attn: Dr. Avi S. Katz 

Fax: ____________ 

with a copy to: 

Crowell & Moring LLP 

3 Embarcadero Center, 26th Floor 

San Francisco, CA 94111 

Attn: Jeffrey Selman 

Fax: (415) 986-2827 

in either case, with a copy on behalf of the Representative to: 

EarlyBirdCapital, Inc. 
 366
Madison Ave, 8th Fl 
 New York, NY 10017 

Attn: General Counsel and Investment Banking Department 

Fax: (212) 661-4936 

with a copy to: 

Greenberg Traurig, LLP 
 200
Park Avenue, Metlife Building 
 New York, NY 10166 

Attn: Alan I. Annex 
 Fax: (212)
801-9200 
 (f) This Agreement may not be assigned by the Trustee without the prior consent of the
Company. This Agreement may be assigned by the Company to a wholly-owned subsidiary of the Company upon written notice to the Trustee. 
 (g)
Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and
agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. 

(h) This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto. 
 (i) This Agreement may be executed
in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof. 
 (j) Each of the Company and the Trustee hereby acknowledges and
agrees that the Representative on behalf of the Underwriters, is a third party beneficiary of this Agreement. 

  
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 (k) Except as specified herein, no party to this Agreement may assign its rights or delegate
its obligations hereunder to any other person or entity. 
 (l) The Trustee hereby consents to the inclusion of Continental Stock
Transfer & Trust Company in the Registration Statement and other materials relating to the IPO. 
 [Signature page follows]

  
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 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust
Agreement as of the date first written above. 
  

			
	 CONTINENTAL STOCK TRANSFER

& TRUST COMPANY, as Trustee

 
			
		
	By:	 	 /s/ Francis Wolf

	Name:	 	Francis Wolf
	Title:	 	Vice President

 
			
	
	GIGCAPITAL2, INC.

 
			
		
	By:	 	 /s/ Avi S. Katz

	Name:	 	Avi S. Katz
	Title:	 	Chief Executive Officer

  

Signature page to Investment Management Trust Agreement 

 SCHEDULE A 
  

							
	 Fee Item
	  	 Time and method of payment
	  	Amount	 
	 Initial set-up fee.
	  	Initial closing of Offering by wire transfer.	  	$	2,000	 
	 Trustee administration fee
	  	Payable annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	  	$	10,000	 
	 Transaction processing fee for disbursements to Company under Sections 1(i) and
1(j)
	  	Deduction by Trustee from accumulated income following disbursement made to Company under Section 1	  	$	250	 
	 Paying Agent services as required pursuant to Section 1(i) and 1(k)
	  	Billed to Company upon delivery of service pursuant to Section 1(i) and 1(k)	  	 	Prevailing rates	 

 EXHIBIT A 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street Plaza, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No._[•]_Termination Letter 

Ladies and Gentlemen: 
 Pursuant to
Section 1(j) of the Investment Management Trust Agreement between GigCapital2, Inc., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [•]         , 2019 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement with
             (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert
date]. The Company shall notify you at least forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein
shall have the meanings set forth in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to
commence to liquidate all of the assets of the Trust Account on [insert date], and to transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation Date, all of funds held in
the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at JP
Morgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. 
 On the Consummation Date
(i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the
“Notification”) and (ii) the Company shall deliver to you (a) a certificate of the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s
stockholders, if a vote is held and (b) joint written instruction signed by the Company and the Representative in its initial public offering with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed
to public stockholders who have properly exercised their redemption rights (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of
the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the
Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, your obligations under
the Trust Agreement shall be terminated. 

 In the event that the Business Combination is not consummated on the Consummation Date
described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall
be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice as soon thereafter as possible. 

 

			
	Very truly yours,

 
			
	
	GIGCAPITAL2, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 AGREED TO AND ACKNOWLEDGED BY: 

EARLYBIRDCAPITAL, INC. 

			
		
	By:	 	  

			
	 Name:
	 	
	 Title:
	 	

 EXHIBIT B 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street Plaza, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. [•] Termination Letter 

Ladies and Gentlemen: 
 Pursuant to
Section 1(j) of the Investment Management Trust Agreement between GigCapital2, Inc., a Delaware corporation (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [•], 2019 (“Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (“Business
Combination”) within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein
shall have the meanings set forth in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to
liquidate all of the assets in the Trust Account on [•], 20[        ] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the
Public Stockholders. The Company has selected [•], 20[        ], as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their share of the
liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement
and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, your obligations under the Trust Agreement shall be terminated. 

 

			
	Very truly yours,

 
			
	
	GIGCAPITAL2, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 cc: EarlyBirdCapital, Inc. 

 EXHIBIT C 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street Plaza, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. [•] Withdrawal Instruction 

Ladies and Gentlemen: 
 Pursuant to
Section 1(k) of the Investment Management Trust Agreement between GigCapital2, Inc., a Delaware corporation (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [•], 2019 (“Trust Agreement”), the Company hereby requests that you deliver to the Company $[•] of the interest income earned on the Property as of the date hereof.
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 
 The Company needs such funds to
pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt
of this letter to the Company’s operating account at: 
 [WIRE INSTRUCTION INFORMATION] 

 

			
	Very truly yours,

 
			
	
	GIGCAPITAL2, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 cc: EarlyBirdCapital, Inc. 

 EXHIBIT D 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street Plaza, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. [•] Stockholder Redemption Withdrawal Instruction 

Ladies and Gentlemen: 
 Pursuant to
Section 1(l) of the Investment Management Trust Agreement between GigCapital2, Inc., a Delaware corporation (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [•], 2019 (“Trust Agreement”), the Company hereby requests that you deliver $[        ] of the principal and interest income earned
on the Property as of the date hereof to a segregated account held by you for further transfer to the institutions representing the Beneficiaries of the redeemed securities. Capitalized terms used but not defined herein shall have the meanings set
forth in the Trust Agreement. 
 The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares
of Common Stock redeemed by the Company in connection with a stockholder vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation
to redeem 100% of public shares of Common Stock if the Company has not consummated an initial Business Combination within such time as is described in the Company’s Amended and Restated Certificate of Incorporation, or that would otherwise
affect provisions thereof relating to the Company’s pre-Business Combination activity or related stockholder rights. As such, you are hereby directed and authorized to transfer (via wire transfer) such
funds promptly upon your receipt of this letter to a segregated account held by you on behalf of the Beneficiaries. 
  

			
	Very truly yours,

 
			
	
	GIGCAPITAL2, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 cc: EarlyBirdCapital, Inc.Exhibit 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

DATED AS OF JUNE 5, 2019

BETWEEN

COMMAND CENTER, INC.

AND

CORY SMITH

 

    	 

     

    

EMPLOYMENT AGREEMENT

This Amended Employment Agreement (this
 “Agreement”), dated as of June 5, 2019, (the “Effective Date”), by and between Command Center,
Inc., a Washington corporation (the “Company”), and Cory Smith, an individual (“Executive”).

WHEREAS, the Company desires to
retain Executive as its Chief Financial Officer, and

WHEREAS, in connection therewith,
the Company and Executive desire to enter into this Agreement.

PART ONE – DEFINITIONS

Definitions. For purposes of this
Agreement, the following definitions will be in effect:

“Affiliates” means
all persons and entities directly or indirectly controlling, controlled by or under common control with the entity specified, where
control may be by management authority, contract or equity interest.

“Board” means the
Board of Directors of the Company or the Compensation Committee thereof (or any other committee subsequently granted authority
by the Board), subject to Section 12 below.

“Change of Control”
means a change in the ownership or control of the Company effected through any of the following transactions: (i) a sale, merger,
consolidation or reorganization approved by the Company’s stockholders, unless securities representing more than fifty percent
(50%) of the total combined voting power of the voting securities of the successor corporation are immediately thereafter beneficially
owned, directly or indirectly and in substantially the same proportion, by the persons who beneficially owned the Company’s
outstanding voting securities immediately prior to such transaction, (ii) any stockholder-approved sale, transfer or other disposition
of all or substantially all of the Company’s assets, (iii) the acquisition, directly or indirectly, by any person or related
group of persons (other than the Company or a person that directly or indirectly controls, is controlled by or is under common
control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) of securities possessing more than fifty percent (50%) of the total combined voting
power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s
stockholders; or (iv) a change in the composition of the Board over a period of thirty-six (36) consecutive months or less such
that a majority of the Board members ceases, by reason of one or more contested elections for Board membership, to be comprised
of individuals who either (A) have been Board members continuously since the beginning of such period or (B) have been elected
or nominated for election as Board members during such period by at least a majority of the Board members described in clause (A)
who were still in office at the time the Board approved such election or nomination. Notwithstanding the foregoing, however, in
any circumstance or transaction in which compensation payable pursuant to this Agreement would be subject to the tax under Section
409A of the Code if the foregoing definition of “Change of Control” were to apply, but would not be so subject if the
term “Change of Control” were defined herein to mean a “change in control event” within the meaning of
Treasury Regulation § 1.409A-3(i)(5), then “Change of Control” means, but only to the extent necessary to prevent
such compensation from becoming subject to the tax under Section 409A of the Code, a transaction or circumstance that satisfies
the requirements of both (1) a Change of Control under one of the applicable clauses (i) through (iv) above, and (2) a “change
in control event” within the meaning of Treasury Regulation Section § 1.409A-3(i)(5).

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“Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the Treasury regulations and administrative guidance promulgated thereunder.

“Company” means, unless
the context otherwise requires, Command Center, Inc., a Washington corporation, and all of its subsidiaries.

“Compensation Committee”
means the Compensation Committee of the Board, or in the absence of the Compensation Committee, the Executive Committee of the
Board.

“Employment Period”
means the initial Term beginning on the Effective Date and all subsequent Terms.

“Good Reason” shall
mean the occurrence of any of the following without Executive’s consent: (i) a material reduction of Executive’s duties
or responsibilities, relative to Executive’s duties or responsibilities as in effect immediately prior to such reduction;
(ii) a reduction of more than ten percent (10%) in Executive’s Base Salary as in effect immediately prior to such reduction;
(iii) a reduction of more than ten percent (10%) by the Company in the kind or level of employee benefits, including bonuses, for
which Executive was eligible (although amounts actually earned will vary) immediately prior to such reduction, with the result
that Executive’s overall benefits package is materially reduced, excluding any equity component thereof; (iv) the relocation
of Executive to a facility or a location more than twenty-five (25) miles from the Company’s present location in Lakewood,
Colorado, unless such relocation is to the vicinity of Goose Creek, South Carolina and associated with the company’s contemplated
merger with Hire Quest, LLC. In such case, Executive’s relocation to a facility or a location more than twenty-five (25)
miles from Goose Creek shall constitute Good Reason. A termination of employment by Executive shall not be deemed to be for Good
Reason unless (A) Executive gives the Company written notice describing the event or events which are the basis for such termination
within 60 days after the event or events occur, (B) such grounds for termination (if susceptible to correction) are not corrected
by the Company within 30 days of the Company’s receipt of such notice (the “Correction Period”), and (C)
Executive terminates Executive’s employment no later than 30 days following the Correction Period.

“Termination for Cause”
shall mean the Company’s termination of Executive’s employment for any of the following reasons: (i) Executive’s
commission of any act of fraud, embezzlement or dishonesty; (ii) the arrest or conviction of Executive, or the entry of a plea
of nolo contendere by Executive, for a felony; (iii) Executive’s unauthorized use or disclosure of any confidential information
or trade secrets of the Company; (iv) the disclosing or using of any material Confidential Information (as hereinafter defined)
of Company at any time by Executive, except as required in connection with his duties to Company; (v) Executive’s violation
of a published Company policy which stipulates the Executive may be terminated by the Company for cause; or (vi) Executive’s
continued failure, in the reasonable good faith determination of the Board, to perform the major duties, functions and responsibilities
of Executive’s position after written notice from the Company identifying the deficiencies in Executive’s performance
and a reasonable cure period of not less than thirty (30) days.

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PART TWO - TERMS AND CONDITIONS
OF EMPLOYMENT

The following terms and conditions will
govern Executive’s employment with the Company throughout the Employment Period (as set forth below) and will also, to the
extent expressly indicated below, remain in effect following Executive’s cessation of employment with the Company. This Agreement
supersedes and replaces any previous agreement implied, written or otherwise.

 

1.
Employment and Duties. During the Employment Period, Executive will serve as the Chief Financial Officer of Command
Center, Inc., and will report to the Chief Executive Officer. Executive will have such duties and responsibilities as are commensurate
with such position and such other duties and responsibilities commensurate with such positions (including with the Company’s
subsidiaries) as are from time to time assigned to Executive by the Chief Executive Officer. During the Employment Period, Executive
will devote his full business time, energy and skill to the performance of his duties and responsibilities hereunder, provided
the foregoing will not prevent Executive from, (a) serving as a non-executive director on the board of directors of non-profit
organizations and other companies following authorization by Company’s Board of Directors, (b) participating in charitable,
civic, educational, professional, community or industry affairs, (c) managing his and his family’s personal investments,
including in an advisory capacity related to current or potential investments, or (d) such other activities approved by the Board
from time to time; provided, that such activities individually or in the aggregate do not interfere or conflict with Executive’s
duties and responsibilities hereunder, violate applicable law, or create a potential business or fiduciary conflict.

2.
Term. The initial term of this Agreement shall run from the effective date through September 30, 2019 (such period,
the “Term”), and may be terminated earlier as contemplated by Section 5. Termination of this Agreement due to
its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. In the event of a Change
of Control, the Agreement shall automatically renew for a new 2-year (two year) Term on the effective date of the Change of Control
ending on the anniversary of the Change of Control.

		3.	Compensation; Additional Incentives.

A.
Base Salary. Executive’s base salary (the “Base Salary”) will be paid at the rate of $180,000
annually during the Term. Executive’s Base Salary may be increased by the Compensation Committee and/or Board in their sole
discretion but shall not be decreased without Executive’s consent. Executive’s Base Salary will be paid at periodic
intervals in accordance with the Company’s normal payroll practices for salaried employees.

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B.
Performance Bonus Opportunities.

a.
Executive will be eligible for a bonus payment tied to the Company’s Fiscal Year 2019 Earnings (the “Earnings
Bonus”). Subject to final approval by the Compensation Committee, Executive will receive a Performance Bonus if the Company’s
quarterly Adjusted EBITDA exceeds the quarterly target as established by the Compensation Committee (the “Quarterly
Target”). For any quarter in which Adjusted EBITDA exceeds the Quarterly Target, Executive shall receive 3.75% of
the amount in excess of the Quarterly Target. If Executive is not employed by the Company at the time the results are calculated
for payment, he will be paid a pro-rated Performance Bonus based on the last date of his employment. Payments pursuant to this
paragraph will be made no later than 15 days following the filing of the Form 10-Q or 10-K. If Change of Control occurs prior to
the end of a quarterly period, Executive and the Compensation Committee will negotiate in good faith to determine the Earnings
Bonus for the then current period and to set realistic bonus targets for the remainder of the Term. The Company will calculate
the performance under this metric as it has traditionally done for other executives, subject, in all cases, to final approval by
the Compensation Committee or the Board.

b.
Executive was previously eligible for a bonus payment tied to the Company’s Fiscal Year 2018 (the “2018 Earnings
Bonus”) and has been paid $40,269.50 under this plan.

c.
Executive will be eligible for a Performance Bonus tied to a potential Change of Control of the Company. If such Change
of Control occurs during the Employment Period or within six months following the Employment Period, Executive will receive a lump
sum payment of $50,000, payable within 15 days of the Change of Control.

C.
The Company may deduct and withhold, from the compensation payable and benefits provided to Executive hereunder, any and
all applicable federal, state, local and other taxes and any other amounts required to be deducted or withheld by the Company under
applicable statute or regulation.

D.
To the extent that any compensation paid or payable pursuant to this Agreement is considered “incentive-based compensation”
within the meaning and subject to the requirements of Section 10D of the Exchange Act, such compensation shall be subject to potential
forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or any committee
thereof in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder
adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s common stock
is then listed. This Agreement may be unilaterally amended by the Company to comply with any such compensation recovery policy.

E.
For each fiscal year beyond 2019, the Board will develop, with Executive’s and management’s input, an executive
bonus plan that will afford Executive with bonus opportunities in addition to Executive’s Base Salary.

F.
The Company shall provide the following relocation assistance upon a Change of Control where the new contemplated corporate
headquarters of the Company will be in Goose Creek, SC vicinity: 

a.
Reasonable and customary relocation assistance, including reimbursement for costs for moving household furnishings and belongings
in an amount not to exceed $14,000.

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b.
Reimbursement of documented closing costs on the sale of Executive’s residence in Centennial, CO, not to exceed 6%
of the sale price, within 12 months of the effective date of the Change of Control.

		4.	Expense Reimbursement; Fringe Benefits; Paid Time Off (PTO).

A.
Executive will be entitled to reimbursement from the Company for customary, ordinary and necessary business expenses incurred
by Executive in the performance of Executive’s duties hereunder, provided that Executive’s entitlement to such reimbursements
shall be conditioned upon Executive’s provision to the Company of vouchers, receipts and other substantiation of such expenses
in accordance with Company policies.

B.
Company will pay for dues and fees required for any professional licenses maintained by Executive, membership in professional
or industry associations, continuing education requirements associated with any professional license and conferences and seminars
commonly attended by executives in similar companies.

C.
During the Employment Period, Executive will be eligible to participate in any group life insurance plan, group medical
and/or dental insurance plan, accidental death and dismemberment plan, short-term disability program and other employee benefit
plans, including profit sharing plans, cafeteria benefit programs and stock purchase and option plans, which are made available
to executives of the Company and for which Executive qualifies under the terms of such plan or plans.

D.
Executive shall be entitled to three weeks paid vacation each year and paid time off (PTO) in accordance with the Company’s
policies as in effect from time to time.

		5.	Termination of Employment.

A.
General. Subject to Section 5.C., Executive’s employment with the Company is “at-will” and may
be terminated at any time by either Executive or the Company for any reason (or no reason) in accordance with this Agreement, which
will also result in the Term ending, by the party seeking to terminate Executive’s employment providing 45-days written notice
of such termination to the other party.

B.
Death or Permanent Disability. Upon termination of Executive’s employment with the Company due to death or permanent disability during
the Term, the employment relationship created pursuant to this Agreement will immediately terminate, the Term will end, and
amounts will only be payable under this Agreement as specified in this Section 5.B. Should Executive’s employment with
the Company terminate by reason of Executive’s death or permanent disability during the Employment Period, Executive,
or Executive’s estate or personal representative, will continue to receive Executive’s Base Salary during the
six-month period following the date of termination or of determination of permanent disability. Executive or
Executive’s estate or personal representative, will also remain eligible to receive any limited death, disability,
and/or income continuation benefits provided under Section 4.C., if any, and will be payable in accordance with the terms of
the plans pursuant to which such limited death or disability benefits are provided.

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For purposes of this Agreement, Executive
will be deemed “permanently disabled” if Executive is so characterized pursuant to the terms of the Company’s
disability policies or programs applicable to Executive from time to time, or if no such policy is applicable, if the Compensation
Committee determines, in its sole discretion, that Executive is unable to perform the essential functions of Executive’s
duties for physical or mental reasons for ninety (90) days in any twelve-month period.

C.Termination
for Cause; Resignation without Good Reason. The Company may at any time during the Employment Period, upon written notice summarizing
with reasonable specificity the basis for the Termination for Cause, terminate Executive’s employment hereunder for any act
qualifying as a Termination for Cause. Such termination will be effective immediately upon such notice. Upon any Termination for
Cause (or employee’s resignation other than for Good Reason), Executive shall be solely entitled to receive:

a.
The unpaid Base Salary and Bonuses earned by Executive pursuant to Section 3 for services rendered through the date of termination,
payable in accordance with the Company’s normal payroll practices for terminated salaried employees;

b.
Reimbursement of all expenses for which Executive is entitled to be reimbursed pursuant to Section 4, payable in accordance
with the Company’s normal reimbursement practices; and

c.
The right to continue health care benefits under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended,
at Executive’s cost, to the extent required and available by law and subject to the Company continuing to maintain a group
health plan.

D.Involuntary
Termination Without Cause by the Company; Resignation by Executive for Good Reason. Pursuant to the notice period in Section
5.A., the Company shall be entitled to terminate Executive and Executive shall be entitled to resign with or without Good Reason;
provided, however, that if Executive (1) is terminated without Cause, or (2) resigns for Good Reason, then Executive shall be solely
entitled to receive:

a.
His Base Salary through the end of the Term or for six months, whichever period is longer; and

b.
The immediate vesting of all Options and all other awards held by Executive under any equity incentive plan that may be
adopted by the Board, except and only to the extent that (i) any agreement with respect to an award specifically provides otherwise
and (ii) such vesting would not result in the imposition of the additional tax under Section 409A of the Code.

c.
Pro-rated payment of the Earnings Bonus as set forth in Section 3.B.a., which amount will be paid 15-days following the
Company’s filing of its Form 10-K or Form 10-Q.

d.
For purposes of clarity, a termination of Executive’s employment due to Executive’s death or to Executive’s
permanent disability shall not be considered either a termination by the Company without cause or a resignation by Executive for
Good Reason, and such termination shall not entitle Executive (or his heirs or representatives) to any compensation or benefits
pursuant to this Section 5.D.

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E.Termination
by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement
(“Non-Renewal”), Executive shall be entitled to receive only:

a. The unpaid Base Salary and vacation
earned by Executive pursuant to Sections 3 and 4 for services rendered through the date of termination, payable in accordance with
the Company’s normal payroll practices for terminated salaried employees;

b. Full payment of the Performance Bonus
tied to a potential Change of Control of the Company (Paragraph 3.B.b.) if such sale occurs during the Term or within six months
following the Term.

c. Pro-rated payment of the Earnings
Bonus as set forth in Section 3.B.a., which amount will be paid 15-days following the Company’s filing of its Form 10-K or
Form 10-Q.

F.Involuntary
Termination Without Cause by the Company following a Change of Control. In the event Executive’s employment is terminated
without cause within 3-months following a Change of Control or there is a failure or refusal of a surviving or successor entity
to assume all of the obligations of this Agreement or to offer a bona fide offer of continued employment with a surviving or successor
entity, with compensation, benefits, and terms at least equal to those set forth in this Agreement, Executive will continue to
receive his Base Salary for 6-months. In addition, any issued but then unvested stock options will automatically become vested
stock options for Executive as of the end of Executive’s employment.

G.Resignation by Executive
following a Change of Control. In the event of Change of Control and if Executive refuses (for any reason) a bona fide offer
of continued employment with a surviving or successor entity, with position, compensation, benefits, and terms at least equal to
those set forth in this Agreement, Executive will continue to receive his Base Salary for three months after Executive’s
employment ends.

H.Resignations from Other
Positions. Upon any termination of Executive’s employment, and as a condition to Executive receiving any Severance Benefits
under this Agreement, if so requested by a majority of the Board, Executive will immediately resign (1) as a director of the Company
and any of its subsidiaries, (2) from all officer or other positions of the Company and (3) from all fiduciary positions (including
as trustee) Executive then holds with respect to any employee benefit plans or trusts established, maintained or sponsored by the
Company or by any of its Affiliates. Failure by Executive to resign immediately from all positions described in the immediately
preceding sentence shall result in automatic forfeiture of any and all rights to the Severance Benefits.

I.Options Upon Termination.
Except as otherwise provided in Section 7, upon termination of Executive’s employment for any reason and subject to the terms
of the Company’s Stock Plan, as it may be amended from time to time, including by reason of Executive’s death or permanent
disability, any portion of any options held by the Executive that are not then vested will immediately be forfeited and expire
for no consideration and the remainder of such options will remain exercisable in accordance with the Company’s ISO plan
thereafter (the “Final Exercise Date”) with the understanding that any options that are intended to be “incentive
stock options” under the Code shall thereupon be disqualified from such treatment; provided, that any portion of the options
held by Executive immediately prior to Executive’s death, to the extent then exercisable, will remain exercisable for one
year following Executive’s death; and provided, further, that in no event shall any portion of the options be exercisable
after the Final Exercise Date.

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J.Release.
Notwithstanding anything contained herein, Executive’s right to receive (or retain) the payments and benefits set forth in
Sections 5.B, 5.D., or 5.E., as applicable, other than pay or benefits legally obligated to be paid or provided by the Company
through the date of termination, is conditioned on and subject to Executive’s execution within twenty-one (21) days (or,
to the extent required by applicable law, forty-five (45) days) following the termination date and non-revocation within seven
(7) days thereafter of a general release of claims in a form substantially similar in non-monetary terms to the historical release
used by the company.

		6.	Non-Solicitation Competition and Confidential Information.

A.
Non-Solicitation. During the period Executive is receiving severance or other ongoing payments from Company, or one
year from Executive’s termination, whichever is longer, for any cause or without cause, so long the Company continues to
carry on the same business, Executive agrees to not, for any reason whatsoever, directly or indirectly, on behalf of Executive
or on behalf of, or in conjunction with, any other person(s), company, partnership, corporation or business entity, call upon,
divert, influence, solicit, service or attempt to call, divert, influence, solicit or service any customers or potential customers
(prospects) of the Company with whom Executive had direct or indirect contact or whom you had responsibility during Executive’s
tenure with the Company. Additionally, for a period of one year following the termination of the Term, for any cause or without
cause, Executive will not, for any reason whatsoever, directly or indirectly, on behalf of Executive or on behalf of any other
person(s), company, partnership, corporation, or other business entity, solicit or influence or attempt to solicit or influence
any employee of the Company to leave employment with the Company.

B.
Competition. During the Term and during the period Executive is receiving severance or other ongoing payments from
Company, or one year from Executive’s termination, whichever is longer, regardless of the reason therefor, Executive will
not (whether directly or indirectly, as owner, principal, agent, stockholder, director, officer, manager, executive, partner, participant,
or in any other capacity) engage or become financially interested in any competitive business conducted within the Restricted Territory
or solicit, canvas, or accept, or authorize any other person, firm, or entity to solicit, canvas, or accept, from any customers
of Company or its subsidiaries, any business within the Restricted Territory for Executive or for any other person, firm, or entity.
As used herein, “customers of Company” will mean any persons, firms, or entities that purchased goods or services
from Company during the Employment Period; “competitive business” will mean any business which sells or provides
or attempts to sell or provide products or services the same as or substantially similar to the products or services sold or provided
by Company or any of its subsidiaries; and the “Restricted Territory” will mean the United States or, in the
alternative, in the event any reviewing court finds the United States to be overbroad or unenforceable, within 25 miles of any
existing or proposed office location of Company.

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C.
Confidential Information.  

 

a.For
purposes of this Agreement, the words “Confidential Information” include all of the following:

 

(i)The methods, procedures, plans, techniques, systems, data, processes, formats and designs utilized in Company’s operations;

 

(ii)The
software utilized by Company;

 

(iii)All
information relating to Company’s financial condition and operational and financial plans and goals;

 

(iv)All information pertaining
to Company’s customers, as well as prospective customers, including customer lists and usage patterns, pricing
and bidding practices, customer contact information, and marketing and sales practices, methods and plans;

 

(v)All
business forms and all operations, sales and training manuals; and

 

(vi)All
other information which by its nature would be reasonably understood to be confidential.

 

b.Executive
agrees not to disclose any Confidential Information to others, use any Confidential Information for his own benefit or make copies
of any Confidential Information without Company’s written consent, whether during or after Executive’s employment with
Company. Executive also agrees to destroy or return all Confidential Information in his possession to Company as provided in section
6.D. below.

 

c.For purposes of this Agreement
the words “Confidential Information” do not include any information that is or becomes generally available to the public,
other than as a result of disclosure in violation of this agreement.

 

Executive will maintain
in strict secrecy all confidential or trade secret information relating to the business of Company or any of its subsidiaries (the
 “Confidential Information”) obtained by Executive in the course of Executive’s employment, and Executive
will not, unless first authorized in writing by Company, disclose to, or use for Executive's benefit or for the benefit of any
person, firm, or entity at any time either during or subsequent to the term of Executive's employment with Company, any Confidential
Information, except as required in the performance of Executive's duties on behalf of Company. For purposes hereof, “Confidential
Information” will include, without limitation, any trade secrets, knowledge, or information with respect to processes,
procedures, plans, inventions, techniques, or know-how; any business methods or forms; any names or addresses of customers or data
on customers or suppliers; and any business policies or other information relating to or dealing with the purchasing, sales, or
distribution policies or practices of Company.

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D.
Return of Books and Papers. Upon the termination of Executive’s employment with Company for any reason, Executive
will deliver promptly to Company all catalogues, manuals, memoranda, drawings, and specifications; all cost, pricing, and other
financial data; all customer information; all other materials, whether written, printed or stored in any electronic media, which
are the property of Company or any of its subsidiaries (and any copies of them); desktop or laptop computers, software, access
cards, “passwords”, cellular phones, personal digital assistants and pagers; and all other materials which may contain
Confidential Information relating to the business of Company or any of its subsidiaries (whether maintained in tangible, documentary
form, computer memory or other electronic or digital format), which Executive may then have in Executive’s possession whether
prepared by Executive or not.

E.
Disclosure of Information. Executive will disclose promptly to Company, or its nominee, any and all ideas, designs,
processes, and improvements of any kind relating to the business of Company or any of its subsidiaries, whether patentable or not,
conceived or made by Executive, either alone or jointly with others, during working hours or otherwise, during the Employment Period.

F.
Assignment. Executive hereby assigns to Company or its nominee, the entire right, title, and interest in and to all
discoveries and improvements, whether patentable or not, which Executive may conceive or make during Executive's employment with
Company, or within six months thereafter, and which relate to the business of Company or any of its subsidiaries. All copyrights,
patents, trade secrets, or other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes,
or works of authorship developed or created by Executive during the Employment Period (collectively, the "Work Product")
shall belong exclusively to Company and shall be considered a work made by Executive for hire within the meaning of Title 17 of
the United States Code. To the extent the Work Product may not be considered work made for hire, Executive agrees to assign at
the time of creation of the Work Product, without any requirement of further consideration, any right, title, or interest that
Executive may have in such Work Product. Upon Company’s request, Executive will take such further actions, including execution
and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment.

G.
Equitable Relief. In the event a violation of any of the restrictions contained in this Section 6 is established,
Company will be entitled to preliminary and permanent injunctive relief as well as damages and an equitable accounting of all earnings,
profits, and other benefits arising from such violation, which right will be cumulative and in addition to any other rights or
remedies to which Company may be entitled. In the event of a violation of any provision of this Section 6, the period for which
those provisions would remain in effect will be extended for a period of time equal to that period beginning when such violation
commenced and ending when the activities constituting such violation will have been finally terminated in good faith.

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H.
Restrictions Separable. Each and every restriction set forth in this Section 6 is independent and severable from
the others, and no such restriction will be rendered unenforceable by virtue of the fact that, for any reason, any other or others
of them may be unenforceable in whole or in part.

I.
No Violation. The execution and delivery of this Agreement and the performance of Executive’s services contemplated
hereby will not violate or result in a breach by Executive of, or constitute a default under, or conflict with: (i) any provision
or restriction of any employment, consulting, or other similar agreement; (ii) any agreement by Executive with any third party
not to compete with, solicit from, or otherwise disparage such third party; (iii) any provision or restriction of any agreement,
contract, or instrument to which Executive is a party or by which Executive is bound; or (iv) any order, judgment, award, decree,
law, rule, ordinance, or regulation or any other restriction of any kind or character to which Executive is subject or by which
Executive is bound.

J.
Mutual Non-Disparagement. Company and Executive agree that in recognition of the covenants and benefits herein, neither
party will, directly or indirectly, in any capacity or manner, make, express, transmit, speak, write, verbalize or otherwise communicate
in any way (or cause, further, assist, solicit, encourage, support, or participate in any of the foregoing), any remark, comment,
message, information, declaration, communication or other statement of any kind, whether verbal, in writing, electronically transferred
or otherwise, that might reasonably be construed to be derogatory or critical of, or negative toward, the other party or the other
party’s agents, officers, Directors or representatives for 24 months following Executive’s termination of employment.

		7.	Section 409A of the Code.

A.
General. This Agreement shall be interpreted and applied in all circumstances in a manner that is consistent with
the intent of the parties that, to the extent applicable, amounts earned and payable pursuant to this Agreement shall constitute
short-term deferrals exempt from the application of Section 409A of the Code and, if not exempt, that amounts earned and payable
pursuant to this Agreement shall not be subject to the premature income recognition or adverse tax provisions of Section 409A of
the Code.

B.
Separation from Service. References in this Agreement to “termination” of Executive’s employment,
 “resignation” by Executive from employment and similar terms shall, with respect to such events that will result in
payments of compensation or benefits, mean for such purposes a “separation from service” as defined under Section 409A
of the Code.

C.
Specified Executive. In the event any one or more amounts payable under this Agreement constitute a “deferral
of compensation” and become payable on account of the “separation from service” (as determined pursuant to Section
409A of the Code) of Executive and if as such date Executive is a “specified employee” (as determined pursuant to Section
409A of the Code), such amounts shall not be paid to Executive before the earlier of (i) the first day of the seventh calendar
month beginning after the date of Executive’s “separation from service” or (ii) the date of Executive’s
death following such “separation from service.” Where there is more than one such amount, each shall be considered
a separate payment and all such amounts that would otherwise be payable prior to the date specified in the preceding sentence shall
be accumulated (without interest) and paid together on the date specified in the preceding sentence.

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D.
Separate Payments. For purposes of Section 409A of the Code, each payment or amount due under this Agreement shall
be considered a separate payment, and Executive’s entitlement to a series of payments under this Agreement is to be treated
as an entitlement to a series of separate payments.

E.
Reimbursements. Any reimbursement to which Executive is entitled pursuant to this Agreement that would constitute
nonqualified deferred compensation subject to Section 409A of the Code shall be subject to the following additional rules: (i)
no reimbursement of any such expense shall affect Executive’s right to reimbursement of any other such expense in any other
taxable year; (ii) reimbursement of the expense shall be made, if at all, not later than the end of the calendar year following
the calendar year in which the expense was incurred; (iii) the right to reimbursement shall not be subject to liquidation or exchange
for any other benefit; and (iv) the right to reimbursement of expenses incurred kind shall terminate one year after the end of
the Employment Period.

8.
Section 280G of the Code. Notwithstanding anything to the contrary contained herein (or any other agreement entered
into by and between Executive and the Company or any incentive arrangement or plan offered by the Company), in the event that any
amount or benefit paid or distributed to Executive pursuant to this Agreement, taken together with any amounts or benefits otherwise
paid to Executive by the Company (collectively, the “Covered Payments”), would constitute an “excess parachute
payment” as defined in Section 280G of the Code, and would thereby subject Executive to an excise tax under Section 4999
of the Code (an “Excise Tax”), the provisions of this Section 8 shall apply. If the aggregate present value
(as determined for purposes of Section 280G of the Code) of the Covered Payments exceeds the amount which can be paid to Executive
without Executive incurring an Excise Tax, then the amounts payable to Executive under this Agreement (or any other agreement by
and between Executive and the Company or pursuant to any incentive arrangement or plan offered by the Company) shall be reduced
(but not below zero) to the maximum amount which may be paid hereunder without Executive becoming subject to the Excise Tax (such
reduced payments to be referred to as the “Payment Cap”). In the event Executive receives reduced payments and
benefits as a result of application of this Section 8, Executive shall have the right to designate which of the payments and
benefits otherwise set forth herein (or any other agreement between the Company and Executive or any incentive arrangement or plan
offered by the Company) shall be received in connection with the application of the Payment Cap, subject to the following sentence.
Reduction shall first be made from payments and benefits which are determined not to be nonqualified deferred compensation for
purposes of Section 409A of the Code, and then shall be made (to the extent necessary) out of payments and benefits that are
subject to Section 409A of the Code and that are due at the latest future date.

9.
No Guarantee of Tax Consequences. The Board, the Compensation Committee, the Company and its Affiliates, officers and
employees make no commitment or guarantee to Executive that any federal, state, local or other tax treatment will apply or be available
to Executive or any other person eligible for compensation or benefits under this Agreement and assume no liability whatsoever
for the tax consequences to Executive or to any other person eligible for compensation or benefits under this Agreement.

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10.
Controlling Law, Jurisdiction and Venue. This Agreement and all questions relating to its validity, interpretation,
performance, and enforcement will be governed by and construed in accordance with the laws of the State of Colorado, notwithstanding
any Colorado or other conflict-of-interest provisions to the contrary.  However, Executive agrees that any and all
claims arising between the parties out of this agreement shall be controlled by the laws of the State of Colorado, as follows:
any dispute, controversy arising out of, connected to, or relating to any matters herein of the transactions between Company and
Executive, or this Agreement, which cannot be resolved by negotiation (including, without limitation, any dispute over the arbitrability
of an issue), will be settled by binding arbitration in accordance with the J.A.M.S/ENDISPUTE Arbitration Rules and Procedures,
as amended by this Agreement. Arbitration proceedings will be held in Denver, Colorado. Company and Executive agree the prevailing
party on any action to enforce rights hereunder shall be entitled, in addition to any awarded damages, their costs and reasonable
attorney's fees, whether at arbitration, or on appeal. The parties agree that this provision and the Arbitrator's authority
to grant relief are subject to the United States Arbitration Act, 9 U.S.C. 1- 16 et seq. ("USAA") and the provisions
of this Agreement. The parties agree that the arbitrator have no power or authority to make awards or issue orders of any kind
except as expressly permitted by this Agreement, and in no event does the arbitrator have the authority to make any award that
provides for punitive or exemplary damages. The award may be confirmed and enforced in any court of competent jurisdiction. All
post-award proceedings will be governed by the USAA. Company and Executive irrevocably consent to the jurisdiction and venue of
such arbitration and such courts, and that each party will bear its own expenses related to such action.

11.
Entire Agreement; Severability. This Agreement and the agreements referenced herein contain the entire agreement of
the parties relating to the subject matter hereof, and supersede in their entirety any and all prior agreements, understandings
or representations relating to the subject matter hereof. No agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. The
provisions of this Agreement shall be deemed severable and, if any provision is found to be illegal, invalid or unenforceable for
any reason, (a) the provision will be amended automatically to the minimum extent necessary to cure the illegality or invalidity
and permit enforcement and (b) the illegality, invalidity or unenforceability will not affect the legality, validity or enforceability
of the other provisions hereof.

12.
Amendment; Committee Authority. This Agreement may be amended, supplemented, or modified only by a written instrument
duly executed by or on behalf of each party hereto. All determinations and other actions required or permitted hereunder to be
made by or on behalf of the Company or the Board may be made by either the Board (excluding Executive therefrom) or the Compensation
Committee (or any other committee subsequently granted authority by the Board); provided that the actions of the Compensation Committee
(or any other committee subsequently granted authority by the Board) shall be subject to the authority then vested in such committee
by the Board, it being understood and agreed that as of the date of this Agreement the Compensation Committee has full authority,
concurrent with the Board, to administer this Agreement; and provided, further, that a decision or action by the Compensation Committee
(or any other committee subsequently granted authority by the Board) hereunder shall be subject to review or modification by the
Board if the Board so chooses.

    	14

     

    

13.
Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure
nor any delay by either party in exercising any right, power, or privilege under this Agreement will operate as a waiver of such
right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or
further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent
permitted by applicable law, (a) no claim or right arising out of this Agreement can be discharged by one party, in whole or in
part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be
given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one
party will be deemed to be a waiver of any obligation of such party or of the right of the party giving such notice or demand to
take further action without notice or demand as provided in this Agreement.

14.
No Violation. Executive represents and warrants that the execution and delivery of this Agreement and the performance
of Executive’s services contemplated hereby will not violate or result in a breach by Executive of, or constitute a default
under, or conflict with: (i) any provision or restriction of any employment, consulting, or other similar agreement; (ii) any agreement
by Executive with any third party not to compete with, solicit from, or otherwise disparage such third party; (iii) any provision
or restriction of any agreement, contract, or instrument to which Executive is a party or by which Executive is bound; or (iv)
any order, judgment, award, decree, law, rule, ordinance, or regulation or any other restriction of any kind or character to which
Executive is subject or by which Executive is bound.

15.
Assignment. Notwithstanding anything else herein, this Agreement is personal to Executive and neither this Agreement
nor any rights hereunder may be assigned by Executive. The Company may assign this Agreement to an affiliate or to any acquirer
of all or substantially all of the business and/or assets of the Company, in which case the term “Company” will mean
such affiliate or acquirer. This Agreement will inure to the benefit of and be binding upon the personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees, legatees and permitted assignees of the parties.

16.
Counterparts, Facsimile. This Agreement may be executed in one or more counterparts, each of which will be deemed to
be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.
To the maximum extent permitted by applicable law, this Agreement may be executed via electronic mail.

17.
Notices. Any notice required to be given under this Agreement shall be deemed sufficient, if in writing, and sent by
certified mail, return receipt requested, via overnight courier, or hand delivered to the Company at 3609 S. Wadsworth Blvd., Suite
250, Lakewood, CO 80235, Attn: Chairman of the Compensation Committee and Chief Executive Officer, and to Executive at the most
recent address reflected in the Company’s employment records.

Signature page follows.

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IN WITNESS WHEREOF, the parties hereto
have executed this Employment Agreement as of the Effective Date.

	 	COMMAND CENTER, INC., a Washington corporation
	 	 
	 	By:	
        /s/ Richard K. Coleman, Jr.

	 	Name:	Richard K. Coleman, Jr.
	 	Title:	President and Chief Executive Officer
	 	 
	 	Date: June 5, 2019

 

 

 

 

	 	EXECUTIVE
	 	 
	 	 
	 	By:	
        /s/ Cory Smith

	 	Cory Smith, an individual
	 	 
	 	 
	 	Date: June 5, 2019

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