Document:

EXTENSION
AGREEMENT

 

This Extension Agreement
is entered into by and between Global Tech Industries Group, Inc., a Nevada corporation (“GTII”), First Capital Master
Advisor, LLC, a California limited liability company (“FCMA”), and GCA Equity Partners (“GCA”) (collectively,
the “ Parties”), dated May 5, 2019, with respect to the following facts:

 

WHEREAS,
the Parties entered into that certain binding Letter of Intent, dated April 12, 2019, which provided for the purchase of substantial
real estate assets by GTII from FCMA and GCA (the “Original Agreement”).

 

WHEREAS,
the Original Agreement called for a closing date of May 15, 2019.

 

WHEREAS,
all Parties agree that they need more time to prepare for the closing through no fault of any Party, especially in light of applicable
regulatory requirements.

 

THE
PARTIES THEREFORE AGREE AS FOLLOWS, FOR GOOD AND VALUABLE CONSIDERATION THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED
AND AGREED BY EACH OF THE PARTIES:

 

1.
Extension of Closing Date.

 

The
Parties hereby agree to amend the Original Agreement to provide for a closing date to be on or before a date thirty (30) days
after the date of the mailing of the Notice to Shareholders of GTII of the pending amendment to its Articles of Incorporation,
rather than May 15, 2019, provided that the conditions to closing are satisfied or waived in writing. Except as amended by this
Extension Agreement, the Original Agreement shall remain in full force and effect in its current form.

 

IN
WITNESS WHEREOF, this Extension Agreement is hereby executed by the Parties to be effective as of the date first above written.

 

	GTII:	 
	 	 	 
	Global Tech Industries Group, Inc., a Nevada corporation	 
	 	 	 
	By:	/s/ David Reichman 	 
	 	David Reichman, Chief Executive Officer	 
	 	 	 
	FCMA:	 
	 	 	 
	First Capital Master Advisors, LLC	 
	 	 	 
	By:	/s/ Suneet Singal	 
	 	Suneet Singal, Manager	 
	 	 	 
	GCA:	 
	 	 	 
	GCA Equity Partners	 
	 	 	 
	By:	/s/ Charles Tralka	 
	 	Charles Tralka, ManagerExhibit 10.1

 

EXECUTION VERSION

GTY Technology Holdings Inc.

 

May 7, 2019

 

Stephen Rohleder

 

		Re:	Offer of Employment

 

Dear Stephen:

 

On behalf of GTY Technology Holdings Inc.
(together with its successors, the “Company”), I am pleased that you have agreed to continue in the position of Chief
Executive Officer of the Company. Your employment under this letter will be effective as of May 7, 2019, provided that the Board
of Directors of the Company (the “Board”) (or a duly authorized committee of the Board) approves the equity grants
described below (the “Effective Date”).

 

The terms that will apply to your continued employment with
the Company are as follows:

 

		1.	Position and Duties. Commencing on the Effective
Date, you will continue to be employed by the Company on a full-time basis as the Company’s Chief Executive Officer, reporting
to the Board. On or after the Effective Date but in no event later than May 7, 2019, you will be appointed to the Board and appointed
as Chairman of the Board. Subject to your continued employment and your compliance with the terms and conditions of your employment,
you will be nominated for re-election to the Board at the end of each term. While you are serving as Chairman of the Board, you
will act under the reasonable and lawful direction and control of the Board and the Lead Independent Director.

 

You agree to perform the reasonable
and lawful duties and responsibilities of your position, and such other duties and responsibilities, consistent with your position
and your education and experience, as shall from time to time be mutually agreed upon between you and the Board. You agree that,
while employed by the Company, you will devote your full business time and your best efforts, business judgment, skill and knowledge
exclusively to the advancement of the business and interests of the Company and its subsidiaries; provided, however,
you will be permitted to (i) with the prior written consent of the Board, not to be unreasonably withheld, and subject to the Company’s
corporate governance guidelines, serve on the board of directors of one publicly traded corporation, (ii) engage in charitable
and civic activities and (iii) manage your personal and family financial matters, in each case, to the extent such activities do
not individually or in the aggregate interfere with your duties and responsibilities to the Company or create any actual or potential
conflict of interests with the Company’s business.

 

		2.	Base Salary and Annual Bonus. During your employment
with the Company, and commencing as of February 20, 2019 (with a catch up payment to be made on the first regularly scheduled
payroll date following the Effective Date), you will receive a base salary of $500,000, less applicable tax and other withholdings
and deductions required by law, payable in accordance with the Company’s payroll practices in effect from time to time.
Your base salary will be subject to periodic review for increase by the Board or the Compensation Committee (the “Committee”)
of the Board.

 

    	 

     

    

  

For each calendar year of your
employment, you will be eligible to receive an annual cash incentive bonus (the “Annual Bonus”) in a target amount
equal to 100% of your base salary. The Annual Bonus will be subject to the achievement of Company and/or individual performance
goals established by the Board or the Committee, in consultation with you.

 

For calendar year 2019, your
Annual Bonus will be based upon the achievement of the following revenue and cash flow goals:

 

	GAAP Revenue (70% weighting)	 	Payout Scale
	Target: $76M	 	Target Payout: 100%
	Threshold: 90% of Target	 	Threshold Payout: 20%
	Maximum: 120% of Target	 	Maximum Payout: 200%
	 	 	 
	Cash Flow (30% weighting)	 	Payout Scale
	Target: $0	 	Target Payout (($10M) to $5M): 100%
	Threshold: ($5M)	 	Threshold Payout (below ($10M): 20%
	Maximum: ≥$5M	 	Maximum Payout ($5M or more): 150%

 

For performance between “Threshold
Payout” and “Target Payout” or between “Target Payout” and “Maximum Payout,” the amount
of the Annual Bonus attributable to the performance goal will be determined based on linear interpolation between the applicable
payout levels. You must be employed by the Company on the day that the Annual Bonus (if any) for a calendar year is paid in order
to earn and receive such Annual Bonus. Any earned Annual Bonus shall be subject to standard payroll deductions and withholdings,
and paid no later than March 15th of the year following the calendar year to which the Annual Bonus relates.

 

		3.	Equity Compensation. On or before May 7, 2019, you
will be granted under the GTY Technology Holdings Inc. 2019 Omnibus Incentive Plan (the “Incentive Plan”) 550,000
performance-based restricted stock units (the “Initial Equity Award”). The Initial Equity Award will be eligible to
vest, subject to your continued employment except as expressly provided herein, on the last day of any 120 trading-day period
ending prior to the third anniversary of the grant date if, during such period, the average per share common stock price on the
closing of the exchange on which the common stock is then traded equals or exceeds $20 per share (subject to adjustment for stock
splits or similar non-recurring changes in capitalization, if applicable); provided, however, if (a) during calendar year 2021,
the Russell 2000 Index falls at least 30% from its highest level during calendar year 2021 and (b) as of December 31, 2021, the
Russell 2000 Index is at least 20% below its highest level during calendar year 2021, the Initial Equity Award will remain outstanding
and eligible to vest if the performance goal is achieved prior to the fourth anniversary of the Initial Equity Award grant date.

 

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In addition, on or before May
7, 2019 and May 7, 2020, as applicable, the Board will approve, provided you remain employed on the applicable grant date, a grant
on each such date of 50,000 performance-based restricted stock units (each, an “Additional Equity Award”). Each Additional
Equity Award granted to you will be eligible to vest if and only if the annual financial and management objectives established
by the Board or the Committee for such Additional Equity Award in consultation with you, which will include MBOs and other financial
objectives and payout scales similar to those used for your Annual Bonus for the applicable year, have been satisfied.

 

For the Additional Equity Award
granted in 2019: (i) 70% of such award will be eligible to vest based on achievement of the GAAP Revenue (70% weighting) and Cash
Flow (30% weighting) objectives established for your 2019 Annual Bonus and (ii) 30% of such award will be eligible to vest based
on achievement of the following management objectives: establishment of sales force and sales compensation structure, establishment
of financial reporting systems and sales management systems, compliance with internal reporting and controls requirements (e.g.,
SOX, certifications), maintaining employee attrition rates at historical levels, and achievement of cross-selling synergies as
described to investors for 2019. Except as expressly provided herein, you must be employed on the date the Board or the Committee
determines whether the financial and management objectives for the applicable Additional Equity Award were achieved.

 

The Initial Equity Award and
the Additional Equity Awards will be granted pursuant to the terms of the Incentive Plan, evidenced by one or more award agreements
under the Incentive Plan, and subject to all of the terms, conditions and restrictions set forth in the award agreement and the
Incentive Plan.

 

		4.	Resale Restrictions. Shares of the Company’s
common stock received upon vesting of equity awards granted to you during your employment (other than with respect to any sale
to cover tax withholdings as expressly permitted under the Incentive Plan or the award agreement thereunder) and shares of the
Company’s common stock acquired by you other than upon vesting of equity awards (including, for the avoidance of doubt,
shares acquired prior to the Effective Date), will be subject to the following “Resale Restrictions” for the periods
described below: you may not, directly or indirectly, (A) sell, offer for sale, pledge or otherwise dispose of (except as otherwise
provided herein) any shares of the Subject Securities (as defined below), or (B) enter into any swap or other derivative transaction
that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of the Subject Securities,
whether any such transaction described in clause (A) or (B) above is to be settled by delivery of shares of the Company’s
common stock or other securities, in cash or otherwise. The aggregate number of shares of the Company’s common stock issuable
in respect of equity awards and any other shares of the Company’s common stock otherwise acquired by you shall be referred
to herein as the “Subject Securities.” Notwithstanding the foregoing, “Subject Securities” will not include
any portion of an equity award that has been forfeited or cancelled pursuant to the award agreement(s) evidencing the equity award.

 

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The Subject Securities will
remain subject to the Resale Restrictions for three years; provided, however, any shares of the Company’s common stock received
upon vesting of equity awards or otherwise acquired by you after the third anniversary of the Effective Date will remain subject
to the Resale Restrictions for at least six months from the date of receipt or acquisition. Upon the termination of your employment
for any reason, shares of the Company’s common stock then held by you (whether received upon vesting of equity awards or
otherwise acquired) will remain subject to the Resale Restrictions for at least one year. Subject Securities will be subject all
applicable laws and stock exchange rules and regulations and any applicable Company insider trading policy, “blackout”
policy or other trading restrictions (including, without limitation, stock ownership guidelines) imposed by the Company, the Board
or the Committee from time to time, and if applicable, the terms of the Incentive Plan.

 

		5.	Benefit Plans and Programs. You will be eligible
to participate in the Company’s benefits and benefits plans and programs in effect from time to time, subject to the terms
of any and all plan documents. The Company reserves the right, in its sole discretion, to amend, change or discontinue, in whole
or in part, any and all of its benefits and/or benefit plans and programs, at any time for any reason. The Company will reimburse
you for all reasonable business expenses you incur in the performance of your duties, subject to the terms of the Company’s
expense reimbursement policies in effect from time to time applicable to senior executives. You will be entitled to paid vacation
in accordance with the Company’s policies. The Company will provide you with substantially the same director and officer
insurance coverage and indemnification rights that the Company provides senior executives, including with respect to OpenGov litigation
matters. As soon as reasonably practicable following the Effective Date, the Company intends to enter into a standard indemnification
agreement with you.

 

		6.	At-Will Employment. Your employment with the Company
shall, at all times, be on an “at-will” basis. Your employment can be terminated at any time, for any or no reason,
with or without cause or notice, and you may resign at any time with or without reason, subject to any notice you are required
to provide pursuant to the terms of the Fair Competition Agreement between you and the Company. The at-will nature of the employment
relationship cannot be changed except in a separate, individualized, written agreement signed by you and the Company.

 

		7.	Termination. In the event your employment with the
Company terminates for any reason, the Company will pay you (i) unpaid base salary through the termination date, payable in accordance
with the Company’s payroll practices, (ii) unreimbursed business expenses, payable in accordance with and subject to the
terms of the Company’s expense reimbursement policies and (iii) any vested non-forfeitable amounts or other benefits owing
or accrued as of the termination date under the Company’s benefit plans or programs in which you participated (collectively,
the “Accrued Benefits”).

 

    	4

     

    

 

Without otherwise limiting the
 “at-will” nature of your employment, in the event your employment is terminated at any time by the Company without
 “Cause” (as defined below) (excluding, for avoidance of doubt, a termination due to your death or Disability) or you
resign for “Good Reason” (as defined below), then the Company shall provide you the following payments and benefits:
(1) an amount equal to 1 times the sum of your then-current base salary plus your target Annual Bonus, payable in substantially
equal installments over the 12-month period following the date of your termination or resignation (the “Severance Period”);
(2) provided you timely elect and remain eligible for coverage pursuant to Part 6 of Title I of ERISA, or similar state law (collectively,
 “COBRA”), payment or reimbursement to you of an amount equal to the full monthly premium for COBRA continuation coverage
under the Company’s medical plans as in effect on the date of your termination with respect to the level of coverage in effect
for you and your eligible depends as of the date of your termination, on a monthly basis on the first business day of the calendar
month next following the calendar month in which the applicable COBRA premiums were paid (“COBRA Continuation”), with
respect to the period from the date of your termination until the earlier of (x) 12 months following such date and (y) the date
you become eligible for continued and comparable coverage under a subsequent employer’s health plan; and (3) vesting with
respect to a pro-rated portion of any then unvested Additional Equity Award (at “target” performance level, if applicable)
based on the number of days you were employed by the Company from the date of grant of the applicable Additional Equity Award through
the date of termination (“Pro-Rata Additional Equity Award Vesting”).

 

In the event your employment
is terminated by the Company without Cause or you resign for Good Reason, in each case, upon or within 12 months following a Change
in Control (provided such Change in Control constitutes a change in control under Section 409A), you will receive (1) an amount
equal to 2 times the sum of your then-current base salary plus your target Annual Bonus, paid in a lump sum but subject to delay
in accordance with Section 10, if applicable; (2) provided you timely elect and remain eligible for coverage COBRA, COBRA Continuation
with respect to the period from the date of your termination until the earlier of (x) 18 months following such date and (y) the
date you become eligible for continued and comparable coverage under a subsequent employer’s health plan; and (3) the Pro-Rata
Additional Equity Award Vesting. In addition, the Initial Equity Award will vest on the Change in Control if and only if the per
share price paid in the Change in Control equals or exceeds $20 per share. If the per share price paid in the Change in Control
equals or exceeds $18 per share but is less than $20 per share, the Initial Equity Award will be converted into a deferred cash
retention award (the “Deferred Award”), the value of which will determined based on the per share price paid in the
Change in Control. The Deferred Award will be paid in a lump sum on the second anniversary of the closing of the Change in Control
if you are employed by the Company (or the surviving or acquiring entity), subject to accelerated payment in the event you are
terminated without Cause or resign for Good Reason prior to the second anniversary of the closing of the Change in Control. If
the per share price paid in the Change in Control is less than $18 and the Initial Equity Award is then outstanding, the Initial
Equity Award will be forfeited for no consideration.

 

In the event your employment
terminates due to your death or Disability, you (or your legal representatives, as applicable) will receive the Pro-Rata Additional
Equity Award Vesting and the Initial Equity Award will remain outstanding and eligible to vest subject to the achievement of the
stock price target, and if achieved, you (or your legal representatives, as applicable) will receive a pro-rated portion of the
Initial Equity Award based on the number of days you were employed by the Company from the date of grant through the date of termination.

 

    	5

     

    

 

Notwithstanding anything herein
to the contrary, you will not be entitled to receive any severance or any other payment or benefit triggered upon termination of
employment (other than the Accrued Benefits) unless, within 30 days following the termination date, you, or in the event of your
death or Disability, your legal representatives, have executed and not revoked a general release of claims in a standard form utilized
by the Company for senior executives (the “Release”). The severance payments and benefits payable pursuant to this
Section 7 shall be paid or commence on the first payroll period following the date the Release becomes effective (the “Payment
Date”), provided that if the period during which you may deliver the Release spans two calendar years, the Payment Date shall
be no earlier than January 1 of the second calendar year.

 

For purposes of this offer letter,
 “Cause” shall mean: (i) a willful act of dishonesty by you in connection with the performance of your duties as an
employee; (ii) your conviction of, indictment for, or plea of guilty or nolo contendere to, (x) a felony or (y) any other crime
involving fraud, embezzlement or moral turpitude or a material violation of federal or state law that has had or is reasonably
likely to have a detrimental effect on the Company’s reputation or business; (iii) your gross misconduct in the performance
of your duties as an employee; (iv) your intentional or grossly negligent unauthorized use or disclosure of any Confidential Information
or Intellectual Property (each as defined in the Fair Competition Agreement); (v) your material breach of any obligations under
any written agreement between you and the Company, including, without limitation, the Fair Competition Agreement, if such breach
is not remedied by you within thirty (30) days after the Company provides you with notice thereof; (vi) your material breach of
any material Company policy generally applicable to Company employees, including but not limited to those relating to insider trading
or sexual harassment, if such breach is not remedied by you within thirty (30) days after the Company provides you with notice
thereof; or (vii) your willful refusal to follow the lawful and reasonable directives of the Board, if such refusal is not remedied
by you within thirty (30) days after the Company provides you with notice thereof.

 

For purposes of this offer letter,
 “Good Reason” shall mean your resignation after one of the following conditions initially has come into existence without
your written consent: (i) prior to a Change in Control, (x) a requirement that you report to anyone other than the Board or (y)
a material diminution in your duties, authority or responsibilities; (ii) following a Change in Control, you cease to serve as
the senior-most executive of the division, business unit or business line that operates the Company’s business or a business
comparable to the Company’s business in effect on the date of the Change in Control; (iii) a material diminution in your
base salary or target Annual Bonus opportunity, or (iv) a material breach of a material term of this offer letter. A resignation
for Good Reason will not be deemed to have occurred unless you give the Company written notice of the condition within 90 days
after the condition initially comes into existence, the Company fails to remedy the condition within 30 days after receiving your
written notice and you actually resign your employment within 60 days following the expiration of the Company’s cure period.

 

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		8.	Fair Competition Agreement. As a material inducement
for the Company to agree to enter into an employment relationship with you on the terms set forth herein, you agree to execute
and comply with the Fair Competition Agreement attached hereto as Exhibit A.

 

		9.	Company Policies and Procedures. Your employment
will be subject to the Company’s standard policies and procedures (whether as currently existing or to be established in
the future), as they may be amended, changed or discontinued at any time and such other rules and regulations as may be adopted
or amended in the Company’s sole discretion.

 

		10.	Section 409A. The severance payments and benefits
under this offer letter triggered on a termination of employment shall begin only after the date of your “separation from
service” (determined as set forth below), which occurs on or after date of the termination of your employment, and shall
be subject to the provisions of this Section 10. The intent of the parties is that payments and benefits under this offer letter
comply with, or are exempt from, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the
regulations and guidance promulgated thereunder (collectively, “Section 409A”) and, accordingly, to the maximum extent
permitted, this offer letter shall be interpreted to be in compliance therewith. For purposes of Section 409A, your right to receive
any installment payments pursuant to this offer letter will be treated as a right to receive a series of separate payments. Neither
the Company nor you shall have the right to accelerate or defer the delivery of any such payments except to the extent specifically
permitted or required by Section 409A.

 

If, as of the date of your “separation
from service” from the Company, you are not a “specified employee” (within the meaning of Section 409A), then
each installment of the severance payments shall be made on the dates and terms set forth in this offer letter.

 

If, as of the date of your “separation
from service” from the Company, you are a “specified employee” (within the meaning of Section 409A), then: (i)
each installment of severance payments or benefits that, in accordance with the dates and terms set forth in this offer letter,
will in all circumstances, regardless of when the “separation from service” occurs, be paid within the short-term deferral
period (as defined in Section 409A) shall be treated as a “short-term deferral” within the meaning of Treasury Regulation
Section 1.409A-l(b)(4) to the maximum extent permissible under Section 409A and shall be paid on the dates and terms set forth
in this offer letter; and (ii) each installment of severance payments or benefits that is not described in clause (i) above and
that would, absent this clause (ii), be paid within the six-month period following your “separation from service” from
the Company shall not be paid until the date that is six months and one day after such “separation from service” (or,
if earlier, your death), with any such installments that are required to be delayed being accumulated during the six-month period
and paid in a lump sum on the date that is six months and one day following your “separation from service” and any
subsequent installments, if any, being paid in accordance with the dates and terms set forth in this offer letter; provided, however,
that the preceding provisions of this clause (ii) shall not apply to any installment of severance payments or benefits if and to
the maximum extent that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral
of compensation by reason of the application of Treasury Regulation 1.409A-l(b)(9)(iii) (relating to separation pay upon an involuntary
separation from service). Any installments that qualify for the exception under Treasury Regulation Section 1.409A-l(b)(9)(iii)
must be paid no later than the last day of your second taxable year following the taxable year in which the “separation from
service” occurs.

 

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The determination of whether
and when your “separation from service” from the Company has occurred shall be made in a manner consistent with, and
based on the presumptions set forth in, Treasury Regulation Section l.409A-1(h). Solely for purposes of this paragraph, “Company”
shall include all persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code.

 

All reimbursements and in-kind
benefits provided under this offer letter shall be made or provided in accordance with the requirements of Section 409A to the
extent that such reimbursements or in-kind benefits are subject to Section 409A, including, where applicable, the requirements
that (1) any reimbursement is for expenses incurred during your lifetime (or during a shorter period of time specified in this
offer letter), (2) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible
for reimbursement in any other calendar year, (3) the reimbursement of any eligible expense will be made on or before the last
day of the calendar year following the year in which the expense is incurred, and (4) the right to reimbursement is not subject
to set off or liquidation or exchange for any other benefit.

 

Notwithstanding any
other provision of this offer letter, the Company makes no representation or warranty and shall have no liability to you or
to any other person if any provisions of this offer letter are determined to constitute deferred compensation subject to
Section 409A but do not satisfy an exemption from, or the conditions of, that section. If either you or the Company
reasonably determines that any payment to you will violate Section 409A, you and the Company agree to use reasonable best
efforts to restructure the payment in a manner that is either exempt from or compliant with Section 409A to the extent that
the restructuring is consistent with the original economic intent of the parties.  You and the Company agree to execute
any and all amendments to this offer letter (or any other applicable agreement) that are consistent with the original
economic intent of the parties and promote compliance with the distribution provisions of Section 409A in an effort to avoid
or minimize, to the extent allowable by law, the tax (and any interest or penalties thereon) associated with Section 409A. If
it is determined that a payment to you was (or may be) made in violation of Section 409A, the Company will cooperate, to the
extent commercially reasonable, with any effort by you to mitigate the tax consequences of such violation,
including cooperation with your participation in any IRS voluntary compliance program or other correction procedure under
Section 409A that may be available to you; provided, that such correction is consistent with the commercial intent of the
parties hereunder; provided, further, that in no event shall the Company be obligated to incur any material cost in
connection with its obligations under this sentence.

 

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		11.	Section 280G. Notwithstanding any other provision
of this letter or any other plan, arrangement or agreement to the contrary, if any of the payments or benefits provided or to
be provided by the Company or any of its affiliates to you or for your benefit pursuant to the terms of this letter or otherwise
(“Covered Payments”) constitute “parachute payments” within the meaning of Section 280G of the Code, and
would, but for this paragraph be subject to the excise tax imposed under Section 4999 of the Code (or any successor provision
thereto) or any similar tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively,
the “Excise Tax”), then the Covered Payments shall be reduced (but not below zero) to the minimum extent necessary
to ensure that no portion of the Covered Payments is subject to the Excise Tax, but only if such reduction results in you receiving
on a net after-tax basis up to $200,000 less than you would receive on a net after-tax basis (including after payment of the Excise
Tax) without such reduction. Any such reduction, if applicable, shall be made by the Company in its sole discretion consistent
with the requirements of Section 409A. Any determination required under this paragraph, including whether any payments or benefits
are parachute payments, shall be made by the Company in its sole discretion. You shall provide the Company with such information
and documents as the Company may reasonably request in order to make a determination under this paragraph. The Company’s
determinations shall be final and binding on the Company and you.

 

		12.	Notices. All notices or other communications required
or permitted to be given under this offer letter shall be in writing and shall be deemed to have been duly given when delivered
personally or one business day after being sent by a nationally recognized overnight delivery service, charges prepaid. Notices
also may be given electronically via PDF and by email and shall be effective on the date transmitted if confirmed within 48 hours
thereafter by a signed original sent in the manner provided in the preceding sentence. Notice to you shall be sent to your most
recent residence and personal email address on file with the Company. Notice to the Company shall be sent to its physical address
set forth on the first page hereto and addressed to the Board or such other person as the Company may designate at the email address
provided by the Company for the Board or such person.

 

		13.	Entire Agreement; Miscellaneous. This offer letter,
together with the Incentive Plan, any equity award agreements referenced herein and the Fair Competition Agreement, constitutes
the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous
agreements whether written or oral. The terms of this offer letter may only be modified in a specific writing signed by you and
an authorized representative of the Company. The invalidity or unenforceability of any provision or provisions of this offer letter
will not affect the validity or enforceability of any other provision hereof, which will remain in full force and effect. Any
disputes arising out of or related to this offer letter or your employment with the Company will be subject to the dispute resolution
provisions in the Fair Competition Agreement, and this offer letter shall be governed by and construed in accordance with the
governing law provision set forth in the Fair Competition Agreement. In the event of any conflict between any of the terms in
this offer letter and the terms of any other agreement between you and the Company, the terms of this offer letter will control.
By entering into this offer letter and commencing employment with the Company, you represent that you are not bound by any employment
contract, restrictive covenant or other restriction that prevents you from entering into employment with or carrying out your
responsibilities for the Company, or which is in any way inconsistent with this offer letter. This offer letter is binding on
and may be enforced by the Company and its successors and assigns and is binding on and may be enforced by you and your heirs
and legal representatives. In addition, the Company may assign this offer letter or any and all rights, duties and obligations
hereunder to any subsidiary of the Company; provided that the Company hereby unconditionally guarantees full payment of
any payment obligations hereunder in the event of such assignment; provided further that any payment made by any such assignee
shall offset any payment obligation of the Company. This offer letter may be executed in any number of counterparts, all of which
taken together shall constitute one instrument. Execution and delivery of this offer letter by facsimile or other electronic signature
is legal, valid and binding for all purposes.

 

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This offer of employment is contingent
upon (x) your consent to a background check, including a pre-employment drug screen, with results satisfactory to the Company,
and (y) your presentation of satisfactory documentation that establishes identity and employment eligibility in accordance with
the US Immigration and Naturalization requirements.

 

Please acknowledge your acceptance of this
offer by returning a signed copy of this offer letter.

 

	 	Very truly yours,
	 	GTY Technology Holdings Inc.
	 	 	 
	 	By: 	/s/ Joseph Tucci

 

	Accepted and agreed:	 
	 	 
	/s/ Stephen Rohleder	 
	Stephen Rohleder	 

 

[Signature page to Employment Letter Agreement]

 

    	 

     

    

 

EXHIBIT A

FAIR COMPETITION AGREEMENT

 

In consideration of
the commencement of your employment with GTY Technology Holdings Inc. and/or any of its current or future parents, subsidiaries,
affiliates, and/or successors (collectively, the “Company”), and the compensation and other benefits you will receive
from the Company (your “Employment”), you agree, intending to be legally bound, as follows:

 

Acknowledgements and Representations

 

1.          Supplemental
Terms. You acknowledge that you have received a separate offer letter (the “Offer Letter”) that sets forth the
relevant terms concerning your compensation arrangements with the Company. In the event of any conflict between this Fair Competition
Agreement (this “Agreement”) and the Offer Letter, the terms of the Offer Letter shall govern.

 

2.          Acceptance.
You acknowledge that the Company considers the protections provided by this Agreement to be necessary to safeguard its Customer
Confidences, Confidential Information, Intellectual Property, Customer relationships (each as defined in this Agreement) and other
business interests and is willing to commence your Employment only if you agree to accept the obligations set forth herein.

 

3.          No
Conflicting Obligations. You represent that you do not have any contractual or other obligations that would conflict with your
Employment by the Company. In particular, you represent that you are not bound by any agreement, understanding or other obligation
(including, without limitation, any non-competition or nonsolicitation agreement) with or to any person or entity that prohibits
you from accepting or continuing your Employment by the Company and fully performing all your duties for the Company, except as
described on Annex A attached hereto. By executing this Agreement, you hereby acknowledge and confirm that all business activities
in which you are currently participating and any boards on which you are serving are listed on Annex A attached hereto, which outside
activities are subject to the conditions imposed on such activities in the Offer Letter.

 

4.          Documents
and Confidential Information Belonging to Former Employers and Other Third Parties. You also represent that you have not taken
or retained, and do not have in your possession, any documents, in either electronic or hard copy form, that belong to any former
employer (which, for purposes of this Agreement, shall include persons, corporations, and other entities for which you have acted
as an independent contractor or consultant) and that you will not use or disclose in your work for the Company any trade secrets
or confidential information belonging to any former employer or other third party.

 

At Will Employment and Notice Period

 

5.          At
Will Nature of Employment. You acknowledge that neither the Offer Letter nor this Agreement gives you any right to employment
or continued employment with the Company and that, unless otherwise provided in another writing executed by an officer of the Company
and you, your Employment with the Company shall be at the will of both the Company and you. This means that you are free to resign
at any time (subject to providing written notice pursuant to any applicable Notice Period as set forth below), for any or no reason,
and, similarly, the Company is free to terminate your Employment at any time, for any or no reason. Your Employment will continue
in effect, however, until terminated by either the Company or you.

 

[Signature page to Employment Letter Agreement]

 

    	 

     

    

 

6.          Notice
Period. (a) You understand and agree that you will have access to Customer Confidences, Confidential Information, Intellectual
Property and Customer relationships belonging to the Company. You recognize and agree that it is reasonable and necessary for the
Company to protect such Customer Confidences, Confidential Information, Intellectual Property, and Customer relationships and to
provide a smooth transition if you choose to leave the Company. Consequently, you agree to provide the Company with the following
periods of prior notice (the “Notice Period”), in writing, depending on your title at the time of your resignation,
of your intent to terminate your employment with the Company: President and Executive Vice Presidents – three (3) months;
Senior Vice Presidents – two (2) months; and Vice Presidents and below – one (1) month. If such notice is provided
to the Company prior to the bonus payment date for that year, (i) you shall not be entitled to receive any annual or long-term
incentive compensation award for that year and (ii) vesting of deferred amounts not yet vested shall cease upon notice of your
intent to terminate your employment.

 

(b)        If,
at the time you provide notice in accordance with this paragraph 6, you intend or contemplate alternative employment, you also
agree to provide sufficient details, in writing, about such alternative employment to allow the Company to meaningfully exercise
its rights under this paragraph 6.

  

(c)         During
the Notice Period, you will: (i) perform any reasonable duties and responsibilities the Company requests; (ii) devote all of your
working time, labor, skill and energies to the business and affairs of the Company; (iii) be paid your base salary; and (iv) be
entitled to continue to participate in the Company’s employee benefit plans as provided for herein. After you have given
notice of your resignation, the Company may, at any time during the Notice Period and in its sole and absolute discretion, (A)
elect to place you on paid leave for all or any part of such Notice Period, subject to applicable law, (B) relieve you of some
or all of your duties as an employee of the Company and/or exclude you from its premises or (C) shorten or eliminate the Notice
Period and accelerate the date on which your resignation will be effective without any obligation to compensate you for the period
between the date that the Company effected the acceleration of the effective date of your resignation and the date on which the
Notice Period was originally due to end. For the avoidance of doubt, you agree that the taking of any action described in the preceding
sentence by the Company shall not constitute a breach of this Agreement or your Offer Letter.

 

(d)        You
further agree that during your Employment, including during the Notice Period, whether or not the Company requires you to work
during the Notice Period, you will not provide services for any Competitor including, without limitation, engaging in, directly
or indirectly, or managing or supervising personnel engaged in, any activity (i) which is similar or substantially related to any
activity in which you were engaged, in whole or in part, at the Company; (ii) for which you had direct or indirect managerial or
supervisory responsibility at the Company; or (iii) which calls for the application of the same or similar specialized knowledge
or skills as those used by you in your activities with the Company. For purposes of this Agreement, a “Competitor”
means a business enterprise that (A) engages in any activity, (B) proposes to engage in any activity or (C) owns or controls a
significant interest in or is a subsidiary or affiliate of any entity, which, in either case, competes with or proposes to compete
with any activity in which the Company is engaged, such as, without limitation, developing and licensing software for federal,
state and local governments and governmental agencies.

 

    	2

     

    

 

Duties

 

7.          Nature
of Duties. You agree to devote your full working time and efforts to the business and affairs of the Company (which may include
service to its affiliates) on a full-time basis and will at all times faithfully, industriously and to the best of your ability,
experience and talent, perform all duties that may be required of you. Except to the extent expressly permitted in your Offer Letter,
during your Employment, you shall not engage in any other business activities without the prior written consent of the Company.
In particular, during your Employment, you agree not to work for or assist, whether or not for profit or personal gain, any Competitor
or engage in any business or activity that is similar to or competes directly or indirectly with the Company or is inimical to
the best interests of the Company or that would interfere with your ability to work for the Company on a full-time basis.

 

8.          Duty
to Disclose Business Opportunities. During your Employment, you shall (a) promptly disclose to the Company
all business opportunities that are presented to you in your capacity as an officer or employee of the Company or that
are of a similar nature to the Company’s existing business or a type of business the Company is currently developing
or considering and (b) not usurp or take advantage of any such business opportunity personally or assist any third party in doing
so without first offering such opportunity to the Company. 

 

9.          Compliance
with Company’s Policies and Practices. During your Employment, you agree to observe and comply with all rules, regulations,
policies and practices in effect or adopted by the Company at this time or in the future.

 

Confidentiality, Non-Disclosure and
Intellectual Property 

 

10.        Customer
Confidences. As used in this Agreement, “Customer” means any person, corporation or other entity (a) for which
the Company has performed any services or to which it has sold any products, (b) with which it has engaged in any business activity
or (c) from which the Company has actively solicited business or discussed other business arrangements in the year preceding the
termination of your Employment. The Company’s Customers expect that the Company will hold all business-related information
about them, including the fact that they are doing or are considering doing business with the Company and the specific matters
on which they are or may be doing business, in the strictest confidence (“Customer Confidences”). You acknowledge that,
during the course of your Employment, you will have access to such Customer Confidences. You also acknowledge and agree that all
relationships with Customers that you initiate or develop during your Employment with the Company belong to the Company, not to
you personally.

 

    	3

     

    

  

11.        Confidential
Information. You acknowledge that, during the course of your Employment, you will have access to information relating to the
Company’s business that provides the Company with a competitive advantage, is not generally known by persons outside the
Company and could not easily be determined or learned by someone outside the Company (“Confidential Information”).
Such Confidential Information, whether or not explicitly designated as confidential, includes both written information and information
not reduced to writing and includes but is not limited to information about Customers, trade secrets, internal corporate policies
and strategies, pricing, financial and sales information, personnel information, forecasts, formulas, compilations, software programs,
data, databases, directories, research, client lists and business and marketing plans, and any modifications or enhancements of
any of the foregoing. You further agree that if you previously rendered services to the Company (e.g., as an independent contractor
or consultant) or otherwise gained knowledge of Customer Confidences and/or Confidential Information (e.g., by executing a Non-Disclosure
Agreement prior to your rendering services to the Company in any capacity), your obligations under any such agreement between you
and the Company to preserve Customer Confidences and/or Confidential Information shall remain in full force and effect pursuant
to the applicable terms contained therein.

 

12.        Duty
to Preserve Customer Confidences and Confidential Information. You agree not to use or disclose, without the prior written
consent of the Company, both during and after your Employment with the Company, Customer Confidences and Confidential Information,
except as may be necessary in the good faith performance of your duties to the Company or as permitted by paragraphs 24 and 25
hereof.

 

13.        Company
Documents. You acknowledge that all documents, in hard copy or electronic form, received, created or used by you in connection
with your Employment with the Company, other than those relating solely to your personal compensation and benefits, are and will
remain the property of the Company. You agree to return and/or cooperate in permanently deleting all such documents (including
all copies) promptly upon the termination of your Employment and agree that, during or after your Employment, you will not, under
any circumstances, without the written consent of the Company, disclose those documents to anyone outside the Company or use those
documents for any purpose other than the advancement of the Company’s interests, or as permitted by paragraphs 24 and 25
hereof. You further understand and agree that you are prohibited from searching for, accessing, viewing, printing, transferring
and/or using documents, e-mails, and any other data stored on any of the Company’s computer systems in the absence of a legitimate
business need or Company objective, and any such actions or use will be considered unauthorized.

 

14.        Obligation
to Return Signed Termination Certificate Upon Termination. Upon termination of your Employment, you will be asked to participate
in an exit interview and to sign and deliver a “Termination Certificate,” the form of which is attached hereto as Annex B.
If you do not attend an exit interview, you are still obligated to sign and deliver the Termination Certificate. Your failure to
sign the Termination Certificate, however, shall not affect any of your obligations under this Agreement.

 

    	4

     

    

 

15.        Intellectual
Property. (a) You agree to fully and promptly disclose to the Company, without additional compensation, all ideas, original
or creative works, inventions, discoveries, computer software or programs, trading strategies, statistical and economic models,
improvements, designs, formulae, processes, production methods and technological innovations, whether or not patentable or copyrightable,
which, during your Employment with the Company, are made, conceived or created by you, alone or with others, during or after usual
working hours, either on or off the job, and which are related to the business of the Company or which relate in any way to the
work performed by you for the Company (“Intellectual Property”). You acknowledge that the Company owns all such Intellectual
Property rights as works made for hire to the fullest extent of the law. For the avoidance of doubt, you hereby assign to the Company
all such Intellectual Property rights in any and all media now known or hereafter developed, along with all existing causes of
action, known or unknown.

 

(b) You agree, at
any time during or after your Employment, to sign all papers and do such other acts and things, at the Company’s expense,
as the Company deems necessary or desirable and may reasonably require of you to protect the Company’s rights to such Intellectual
Property, including applying for, obtaining and enforcing patents or copyrights with respect to such Intellectual Property in any
and all domestic and overseas jurisdictions.

 

Restrictive Covenants

 

16.        Nature
of Company’s Business. You acknowledge that the Company is engaged in a highly competitive business and that the preservation
of its Customer Confidences and Confidential Information is critical to the Company’s continued business success. You also
acknowledge that the Company’s relationships with its Customers are extremely valuable and that, by virtue of your Employment
with the Company, you have had or may have contact with those Customers and that, if so, you must always act in the best professional
manner and are being compensated to develop relationships with Customers on behalf of and for the benefit of the Company. As a
result, your engaging in or working for or with any business which is directly or indirectly competitive with the Company would
cause the Company great and irreparable harm if not done in strict compliance with this Agreement.

 

17.        Covenant
Not to Compete. You acknowledge that the Company is in a highly competitive industry and that your leaving the Company to join
a competing business would jeopardize the Company’s Customer Confidences, Confidential Information, Intellectual Property
and Customer relationships. Accordingly, you agree that:

 

(a)         Subject
to the provisions below, during your Employment with the Company, and for the applicable Non-Compete Period (as defined below),
and in consideration for the payments provided for below (excluding, for the avoidance of doubt, any payment in the event your
Employment is terminated for Cause (as defined below)), you will not directly or indirectly work for or with, own, invest in, render
any service or advice to or otherwise assist (in each case, whether or not for compensation) or act as an officer, director, employee,
partner or independent contractor for any Competitor in the United States or any foreign country. You acknowledge that, given the
nature of the Company’s business and the geographical market of the Company combined with your role and responsibilities,
the geographical area of the United States or any foreign country and the Non-Compete Period are both reasonable.

 

    	5

     

    

  

(b)        To
the extent that, at the time of the termination of your Employment, you intend to work for or provide services to a Competitor
or any arguably competing business, you agree to provide the Company at the time of such termination with at least two weeks’
advance written notice of your intention to do so. You also agree that, should you consider working for any Competitor or arguably
competing business at any time during the applicable Non-Compete Period, you will provide the Company with at least two weeks’
advance written notice of your intention to do so. The notices contemplated by this paragraph shall be delivered by you in writing
to the attention of the General Counsel of the Company.

 

(c)         If
your Employment with the Company is terminated due to your voluntary resignation with the Company following which you are not entitled
to receive severance benefits pursuant to the terms of your Offer Letter (i.e., a resignation by you without Good Reason (as defined
in the Offer Letter)) (a “Non-Severance Resignation”), the Company agrees that the covenant not to compete set forth
in paragraph 17(a) shall apply only during the period or periods of the applicable Non-Compete Period that the Company, in its
sole discretion, elects to pay you (in accordance with the Company’s normal payroll practices) an amount equal to your regular
base salary in effect on the effective date of your Non-Severance Resignation from the Company (the “Non-Compete Payments”).
In the event the Company elects to make the Non-Compete Payments, you will be required to execute and not revoke a general release
of claims in a standard form utilized by the Company as a condition to your receipt of the Non-Compete Payments. The release must
become effective within thirty (30) days following the date the Company notifies you of its intent to enforce the provisions of
paragraph 17(a). The Company will determine the timing and duration of the Non-Compete Payments, although in no event will the
duration of such payments extend beyond the end of the applicable Non-Compete Period. The Company shall have the right at any time
during the Non-Compete Period to invoke its right to make the Non-Compete Payments. For example, if at the time of your termination
of Employment, you notify the Company of your intent to go to a non-competing entity, the Company may elect not to make Non-Compete
Payments. If, however, you decide later in the Non-Compete Period to go to a Competitor, you must notify the Company in accordance
with paragraph 17(b) above, and the Company shall then have the right to elect to make the Non-Compete Payments for a period lasting
no longer than the remainder of the Non-Compete Period. In any instance where the Company has the right to elect to make the Non-Compete
Payments, it must do so within fifteen (15) business days of the Company’s receipt of your written notice of your intent
to resign or your intent to go to a competing entity, as the case may be. If during any period(s) the Company is making Non-Compete
Payments, you perform services for and receive compensation from a non-competing entity, you shall notify the Company of such compensation,
and the Company shall be entitled to offset such amounts against the Non-Compete Payments.

 

(d)        If
your Employment is terminated by the Company for Cause (as defined in the Offer Letter), the terms of paragraph 17(a) will apply
for the duration of the applicable Non-Compete Period and you shall not be entitled to any Non-Compete Payments.

 

    	6

     

    

 

(e)        For
purposes of this Agreement, the Non-Compete Period means: (i) if your employment is terminated by the Company without Cause or
you resign for Good Reason, twelve (12) months from the effective date of your termination or resignation, as applicable; (ii)
if your employment is terminated by the Company for Cause, six (6) months from the effective date of your termination; and (iii)
in the event of a Non-Severance Resignation, not more than twelve (12) months from the effective date of such resignation.

 

18.        Non-Solicitation
of Customers. You acknowledge that, by virtue of your Employment by the Company, you have gained or will gain knowledge of
the identity, characteristics and preferences of the Company’s Customers, among other Customer Confidences and Confidential
Information, and that you would inevitably have to draw on such information if you were to solicit or service the Company’s
Customers on behalf of a Competitor. Accordingly, you agree that during your Employment by the Company (including during any applicable
Notice Period), and for twelve (12) months following the termination of that Employment for any reason, (the “Restricted
Period”), you will not, on your own behalf or behalf of anyone else, directly or indirectly, solicit the business of, or
direct tailored advertisements to, actual or prospective Customers of the Company (a) as to which you performed services or had
direct contact, or (b) as to which you had access to Customer Confidences or Confidential Information during the course of your
Employment by the Company. You further agree that during the Restricted Period, you will not provide services that are the same
as or similar to those provided by the Company or encourage or assist any person or entity in competition with the Company to solicit,
service, or direct tailored advertisements to any actual or prospective Customer of the Company covered by the previous sentence
of this section, or otherwise seek to encourage or induce any such Customer to cease doing business with, or reduce the extent
of its business dealings with, the Company. The prohibitions contained in this section shall not, however, apply to any Customers
you developed without any substantial assistance from the Company, provided you so demonstrate in writing during your Employment
with the Company.

 

19.        Non-Solicitation
of Employees. You also agree that, during the Restricted Period, you will not, directly or indirectly, solicit, hire or seek
to hire (whether on your own behalf or on behalf of some other person or entity) any person who is at that time (or was during
the prior six (6) months) an employee, consultant, independent contractor, representative or other agent of the Company. Nor will
you during the Restricted Period, directly or indirectly, on your own behalf or on behalf of any other person, entity or organization,
induce or encourage any employee, consultant, independent contractor, representative or other agent of the Company to terminate
or reduce his or her employment or other business relationship or affiliation with the Company. Nor will you directly or indirectly
assist any third party in doing what you yourself are prohibited from doing under this paragraph. Notwithstanding the foregoing,
nothing in this paragraph 19 shall prohibit you from, directly or indirectly, soliciting, hiring or seeking to hire (whether on
your own behalf or on behalf of some other person or entity) any employee, consultant, independent contractor, representative or
other agent of the Company or other individual covered by the foregoing provisions of this paragraph 19 who response to a public
advertisement of general solicitation that is not targeted at such employee, consultant, independent contractor, representative
or other agent of the Company.

 

    	7

     

    

  

20.        Non-Disparagement.
Except as otherwise permitted by this Agreement or applicable law, you agree that during your Employment with the Company and at
all times thereafter you will not make disparaging or defamatory comments regarding the Company or its owners, members, directors,
officers, employees, shareholders, agents, representatives or others with whom the Company has a business relationship as of the
date of termination of your Employment or make any public statements that are intended to, or can reasonably expected to, damage
the reputations of any of such entities or persons.

 

21.        Tolling.
In the event that you violate any of the preceding provisions of the Restrictive Covenants sections of this Agreement, the time
periods set forth in those sections shall be extended for the period of time you remain in violation of the provisions.

 

Arbitration 

 

22.        (a)
It is understood and agreed between the parties hereto that any and all claims, grievances, demands, controversies, causes of action
or disputes of any nature whatsoever (including, but not limited to, tort and contract claims, and claims based upon any law, statute,
order, or regulation) arising out of, in connection with, or in relation to (i) the interpretation, performance or breach of this
Agreement, (ii) your Employment by the Company, (iii) the termination of your Employment with the Company, and (iv) the arbitrability
of any claims under or relating to this Agreement, shall be resolved by final and binding arbitration. This agreement to arbitrate
expressly includes, but is not limited to, claims under Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination
in Employment Act of 1967, as amended, the Americans with Disabilities Act of 1990, as amended, Section 1981 of the Civil Rights
Act of 1866, the Family and Medical Leave Act, as amended, the Employee Retirement Income Security Act, as amended, the Fair Labor
Standards Act, as amended, and any similar federal, state, local or municipal law, statute or regulation.

 

(b)          The
forum for any arbitration under this Agreement shall be final and binding arbitration under the auspices of JAMS in New York, New
York.

 

(c)          The
arbitration shall be conducted in accordance with the then-existing JAMS Employment Rules and Procedures, except to the extent
such rules conflict with the procedures set forth in this paragraph, in which case these procedures shall govern. Any such arbitration
shall be before one arbitrator. The parties shall select a mutually acceptable retired judge from the panel of arbitrators serving
with any of JAMS’s offices, but in the event the parties cannot agree on an arbitrator, the Administrator of JAMS shall appoint
a retired judge from such panels (the arbitrator so selected or appointed, the “Arbitrator”). The Arbitrator shall
render an award and a written, reasoned opinion in support thereof. The Arbitrator shall have power and authority to award any
appropriate remedy (in law or equity) or judgment that could be awarded by a court of law in the State of Texas, and, upon good
cause shown, the Arbitrator shall afford the parties adequate discovery, including deposition discovery.

 

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(d)          The
dispute resolution process shall be strictly confidential. Neither party shall disclose the existence, content, or results of any
arbitration hereunder without the prior written consent of all parties, except as required by applicable law. Except as provided
herein, the Federal Arbitration Act shall govern the interpretation, enforcement and all proceedings pursuant to this Agreement.
The Arbitrator shall be bound by and shall strictly enforce the terms of this paragraph 22 and may not limit, expand or otherwise
modify its terms. The Arbitrator shall make a good faith effort to apply the substantive law (and the law of remedies, if applicable)
of the State of Texas, or federal law, or both, as applicable, without reference to conflicts of laws provisions. The Arbitrator
shall be bound to honor claims of privilege or work-product doctrine recognized at law, but the Arbitrator shall have the discretion
to determine whether any such claim of privilege or work-product doctrine applies. The award rendered shall be final and binding
upon the parties, and judgment upon the award may be entered in any court having jurisdiction thereof.

 

(e)          Claims
must be brought by either you or the Company in your or its individual capacity, not as plaintiffs or class members in any purported
class or collective proceeding, and the Arbitrator shall not have the power to hear the arbitration as a class or collective action.
To the maximum extent permitted by law, both you and the Company waive the right to bring, maintain, participate in, or receive
money from any class, collective or representative proceeding. The parties intend this arbitration provision to be valid, enforceable,
irrevocable and construed as broadly as possible.

 

(f)          Each
party shall bear its own fees and expenses with respect to this dispute resolution process and any litigation related thereto and
the parties shall share equally all fees and expenses, in accordance with the JAMS Employment Rules and Procedures, unless prohibited
by applicable law.

 

Other Terms

 

23.        In
the twelve (12) months following the termination of your Employment with the Company, in the event you seek or obtain employment
or another business affiliation with any person or entity other than the Company, you agree to provide that person or entity with
a copy of this Agreement. You also agree to notify the Company in writing, as far in advance as is reasonably practicable, of the
details of such employment or business affiliation. You also agree that the Company may provide a copy of this Agreement to any
such person or entity.

 

24.        Nothing
in this Agreement restricts or prohibits you from initiating communications directly with, responding to any inquiries from, providing
testimony before, providing Confidential Information to, reporting possible violations of law or regulation to, or from filing
a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity, including
without limitation, the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority, (collectively,
the “Regulators”), or from making other disclosures that are protected under the whistleblower provisions of federal,
state, or local law or regulation. You do not need the prior authorization of the Company to engage in conduct protected by this
paragraph, and you do need to notify the Company that you have engaged in such conduct. This Agreement does not limit your right
to receive an award from any Regulator that provides awards for providing information relating to a potential violation of the
law.

 

25.        Pursuant
to the Defend Trade Secrets Act of 2016, non-compliance with the confidentiality provisions of this Agreement shall not subject
you to criminal or civil liability under any Federal or State trade secret law for the disclosure of a Company trade secret: (i)
in confidence to a Federal, State or local government official, either directly or indirectly, or to an attorney in confidence
solely for the purpose of reporting or investigating a suspected violation of law; (ii) in a complaint or other document filed
in a lawsuit or other proceeding, provided that any complaint or document containing the trade secret is filed under seal; or (iii)
to an attorney representing you in a lawsuit for retaliation by the Company for reporting a suspected violation of law or to use
the trade secret information in that court proceeding, provided that any document containing the trade secret is filed under seal
and you do not disclose the trade secret, except pursuant to court order.

 

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26.        You
acknowledge that the restrictions contained in this Agreement are fair, reasonable and necessary for the protection of the legitimate
business interests of the Company, and that, in the event of any actual or threatened breach by you, the Company will suffer serious,
irreparable and substantial harm to its business and interests, the extent of which may be difficult to determine and impossible
to fully remedy by an action at law for momentary damages. You therefore consent to the entry of a restraining order, preliminary
injunction or other preliminary, provisional or permanent court order to enforce this Agreement and expressly waive any security
that might otherwise be required in connection with such relief, and you further agree that the dispute resolution process set
forth in paragraph 22 of this Agreement in no way limits the Company’s right to obtain any preliminary, provision or permanent
relief as may be necessary to protect the Company’s rights and interests. You also agree that any request for such relief
by the Company shall be in addition and without prejudice to any claim for monetary damages which the Company might elect to assert.
In the event you violate any provision of this Agreement, the Company shall be entitled to recover all costs and expenses of enforcement,
including reasonable attorneys’ fees.

 

27.        You
agree defend, indemnify and hold the Company harmless from and against any and all losses, claims, causes of action, liabilities,
damages, costs and expenses (including attorney’s fees) suffered or incurred by the Company as a result of any violation
or threatened violation of any of your representations, warranties, covenants or undertakings set forth in this Agreement. In the
event of litigation arising from or related to the terms of this Agreement, the prevailing party shall be entitled to recover its
reasonable attorneys’ fees and other expenses.

 

28.        If
any provision of this Agreement is held to be unenforceable by a court or other decision-maker, the remaining provisions shall
be enforced to the maximum extent possible. If a court or other decision-maker should determine that any portion of this Agreement
is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible by narrowing or enforcing in
part that aspect of the provision found overbroad or unreasonable.

 

29.        This
Agreement together with the Offer Letter represents the entire agreement of the parties with respect to the subject matter covered,
supersedes any and all prior written or oral agreements and cannot be modified except in a writing signed by both parties. The
waiver by any party to this Agreement of a breach of any of the provisions of this Agreement shall not operate or be construed
as a waiver of any subsequent or simultaneous breach.

 

30.        This
Agreement shall be binding upon and shall inure to the benefit of the Company and its successors and assigns. Neither a formal
assignment nor notice to you shall be required. This Agreement shall be binding upon you and your heirs, executors, administrators
and legal representatives. However, your duties and obligations hereunder are personal and shall not be assignable or delegable
by you in any manner whatsoever.

 

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31.        This
Agreement shall be construed in accordance with the laws of the State of Texas, without regard to the state’s principles
of conflict of laws.

 

32.         Any
notice required or permitted to be given under this Agreement shall be in writing and sent by both email and certified mail, return
receipt requested. If the notice is from you to the Company, it shall be sent to the General Counsel of the Company. If sent by
the Company to you, such notice shall be sent to your last known email and home addresses.

 

33.        This
Agreement may be executed by fax or email and/or in multiple counterparts, each of which shall be deemed an original.

 

34.        The
parties waive the right to a jury trial to the maximum extent permitted by law.

 

35.        You
acknowledge that you understand the terms and conditions set forth in this Agreement and have had adequate time to consider whether
to agree to them and to consult a lawyer or other advisor of your choice if you wish to do so.

 

(Signature page follows)

 

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IN WITNESS WHEREOF, the parties have executed
this Agreement as of this _____ day of __________, 2019.

 

	 	THE COMPANY	 

 

	 	By:	 

 

	 	Printed Name:	 

 

	 	Title:	 

 

	 	EMPLOYEE	 

 

	 	By:	 

 

	 	Printed Name:	 

 

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ANNEX A

 

Description of Restrictive Agreements

 

Description of Current Outside Business
Activities or Board Service

(Covered activities
include: (1) Service on a board of directors similar body such as advisory committee, creditors committee, oversight or management
body or investment board of any entity (including charitable, civic, religious, fraternal and other nonprofit organizations, etc.)
whether or not compensation is received; (2) Outside securities sales activities, including involvement in private placements or
offerings, are prohibited whether or not they involve compensation in any form; and (3) Outside business activities for which any
compensation is received.) (Include the name of the outside entity/employer, type of business performed, type and method of compensation
(if any), the estimated amount of time to be dedicated to the outside activity and any potential conflicts of interest that may
arise). Note: Certain outside business activities and board service will require the approval of the Company’s Board of Directors
or other individuals or committees.

 

    	13

     

    

 

ANNEX
B

 

TERMINATION CERTIFICATE

 

The undersigned hereby certifies as
follows:

 

1.          When
I signed the Fair Competition Agreement dated as of _________ (the “Agreement”), I read and understood the terms contained
therein. I have now reviewed the Agreement again as part of my exit interview, and I fully understand the terms thereof and my
continuing obligations thereunder, including my obligations (a) not to use for personal benefit or disclose to others any Confidential
Information (as defined in the Agreement), and (b) to assign to the Company all rights (if any) that I may have acquired in any
Intellectual Property (as defined in the Agreement).

 

2.          I
have fully complied with the terms of the Agreement, including the return of any documents and other tangible materials of any
nature pertaining to my employment by GTY Technology Holdings Inc. (the “Company”).

 

3.          I
recognize that the unauthorized taking of any Confidential Information or Intellectual Property is a crime, and that any unauthorized
taking of Confidential Information or Intellectual Property may also result in civil liability.

 

4.          The
Company may notify my new employer of (a) the general nature or subject matter of the Confidential Information (without actually
disclosing such Confidential Information) to which I had access while employed by the Company, and (b) my continuing obligations
under the Agreement to keep such Confidential Information in confidence, and not to disclose or use such Confidential Information
without the Company’s prior written consent.

 

5.          Attached
hereto is a complete list of all Intellectual Property which, under the terms of the Agreement, I have assigned to the Company.
If no such list is attached, I represent that during my employment I did not make, conceive, reduce to practice or develop, either
alone or jointly with others, any Intellectual Property.

 

6.          I
understand and acknowledge that should I fail to comply with my obligations under the Agreement, the Company shall have, in addition
to a claim for damages, the right to obtain an injunction prohibiting me from disclosing Confidential Information to a third party
or using any Intellectual Property.

 

	Employee Signature: ___________________	 	Witnessed by: _________________________
	 	 	 
	Print Name: __________________________	 	Print Name: __________________________
	 	 	 
	Date: __________________________	 	Date: __________________________

 

    	14

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