Document:

Exhibit 10.1

 

QUANTUM-SI
INCORPORATED

EXECUTIVE SEVERANCE PLAN

 

PLAN DOCUMENT AND SUMMARY PLAN DESCRIPTION

 

Effective as of June 29, 2021

 

1.            Establishment
of Plan. Quantum-Si Incorporated (the “Company”), hereby establishes an unfunded severance benefits plan (this
 “Plan”) that is intended to be a welfare benefit plan within the meaning of Section 3(1) of ERISA. This Plan
is in effect for Participants who experience certain terminations of employment occurring after the Effective Date and before the termination
of this Plan. This Plan supersedes any and all (i) severance plans and separation policies applying to Participants that may have
been in effect before the Effective Date with respect to any termination that would, under the terms of this Plan, constitute a termination
by the Company without Cause or by Participant for Good Reason, and (ii) the provisions of any agreements between any Participant
and the Company that provide for severance payments and benefits.

 

2.            Purpose.
The purpose of this Plan is to establish the conditions under which Participants will receive the severance payments and benefits described
herein if their employment with the Company (or its successor in a Change in Control (as defined below)) terminates under the circumstances
specified herein. The severance payments and benefits paid under this Plan are intended to assist employees in making a transition to
new employment and are not intended to be a reward for prior service with the Company.

 

3.            Definitions.
For purposes of this Plan:

 

(a)            “Base
Salary” shall mean, for any Participant, such Participant’s base salary as in effect immediately before a Participant’s
termination of employment (or immediately prior to the effective date of a Change in Control, if greater) and exclusive of any bonuses,
 “adders,” any other form of premium pay, or other forms of compensation.

 

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

 

(c)            “Cause”
shall mean Participant’s: (i) willful misconduct or gross negligence in the performance of Participant’s duties; (ii) refusal
to follow the lawful directions of the Board (in the case of the CEO), the Chief Executive Officer (in the case of the Executive Officers),
or the Company employee to whom the Participant reports (in the case of other Eligible Employees); (iii) breach of a fiduciary duty
owed to the Company; (iv) fraud, embezzlement or other material dishonesty with respect to the Company; (v) violation of applicable
federal, state or local law or regulation governing the Company’s business; (vi) commission, conviction, plea of nolo contendere,
guilty plea, or confession to a crime based upon an act of fraud, embezzlement or dishonesty or to a felony; (vii) habitual abuse
of alcohol or any controlled substance or reporting to work under the influence of alcohol or any controlled substance (other than a controlled
substance that Participant is properly taking under a current prescription); (viii) misappropriation (or attempted misappropriation)
by Participant any material assets or business opportunities of the Company or any of its subsidiaries or affiliates; (ix) a material
failure to comply with the Company’s written policies or rules, as they may be in effect from time to time during Participant’s
employment, including policies and rules prohibiting discrimination or harassment; or (x) a material breach of Participant’s
employment agreement or offer letter, the Non-Competition, Confidentiality and Intellectual Property Agreement or any other written agreement
between the Company or one of its subsidiaries and Participant, provided that Participant will have 30 days after notice from the Board
or the Chief Executive Officer to cure a failure or a breach under (ii), (ix) or (x), if curable.

 

     

     

    

 

(d)            “Change
in Control” shall mean the occurrence of any of the following events:

 

(i) any person or group of persons
(other than the Company or its affiliates) becomes the owner, directly or indirectly, of securities of the Company representing more than
50% of the combined voting power of the Company’s then outstanding voting securities (the “Outstanding Company Voting Securities”)
(but excluding any bona fide financing event in which securities are acquired directly from the Company); or

 

(ii) the consummation of a merger
or consolidation of the Company with any other corporation, other than a merger or consolidation (i) that results in the Outstanding
Company Voting Securities immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) at least 50% of the combined voting power of the Outstanding Company Voting Securities (or
such surviving entity or, if the Company or the entity surviving such merger is then a subsidiary, the ultimate parent thereof) outstanding
immediately after such merger or consolidation, or (ii) immediately following which the individuals who comprise the Board immediately
prior thereto constitute at least a majority of the Board of the entity surviving such merger or consolidation or, if the Company or the
entity surviving such merger is then a subsidiary, the ultimate parent thereof; or

 

(iii) the sale or disposition by
the Company of all or substantially all of the Company’s assets, other than (i) a sale or disposition by the Company of all
or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of
which are owned directly or indirectly by stockholders of the Company following the completion of such transaction in substantially the
same proportions as their ownership of the Company immediately prior to such sale or (ii) a sale or disposition of all or substantially
all of the Company’s assets immediately following which the individuals who comprise the Board immediately prior thereto constitute
at least a majority of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary,
the ultimate parent thereof;

 

(iv) provided that with respect to
Sections (i), (ii) and (iii) above, a transaction or series of integrated transactions will not be deemed a Change in Control
(A) unless the transaction qualifies as a change in control within the meaning of Section 409A of the Code, or (B) if following
the conclusion of the transaction or series of integrated transactions, the holders of the Company’s Class B Common Stock immediately
prior to such transaction or series of transactions continue to have substantially the same proportionate voting power in an entity which
owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions.

 

(e)            “Change
in Control Period” means: (i) the twelve (12) month period beginning on the date of a Change in Control.

 

(f)             “COBRA”
shall mean the Consolidated Omnibus Budget Reconciliation Act.

 

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

 

(h)            “Company”
shall mean Quantum-Si Incorporated or, following a Change in Control, any successor thereto.

 

(i)             “Effective
Date” shall mean June 29, 2021.

 

    	 	2	 

     

    

 

(j)             “Eligible
Employee” shall mean: (i) the Chief Executive Officer; and (ii) all executive officers as determined by the Board
(“Executive Officers”).

 

(k)            “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended.

 

(l)             “Executive
Officers” shall have the meaning set forth in Section 3(j).

 

(m)           “Good
Reason” shall mean the occurrence of any of the following events without Participant’s consent: (i) a material reduction
of Participant’s Base Salary as in effect immediately prior to the reduction; (ii) a material reduction in Participant’s
authority, duties or responsibilities, provided however, following a Change in Control, a change in job title or reporting relationship
without a reduction in Participant’s Base Salary will not constitute Good Reason; (iii) relocation of the offices at which
Participant is required to work to a location that would increase Participant’s one-way commute by more than 50 miles; provided
that, within 30 days of the first occurrence of the event that Participant believes constitutes Good Reason, Participant notifies the
Company in a writing of the event, the Company fails to correct the act or omission within 30 days after receiving Participant’s
written notice and Participant actually terminates his or her employment within 60 days after the date the Company receives Participant’s
notice.

 

(n)            “Participant”
shall mean the Eligible Employees employed by the Company from time to time.

 

(o)            “Plan
Administrator” shall have the meaning set forth in Section 14 hereof.

 

4.            Severance
Not in Connection with a Change in Control. If the Company terminates Participant’s employment without Cause at any time
other than during a Change in Control Period, subject to the provisions of Section 6 and 7, Participant shall be eligible to receive
the following payments and benefits (collectively, the “Severance Package”):

 

(a)            Participant
shall be entitled to receive an amount equal to the product of (the “Normal Severance”): (i) the Normal Multiplier,
as determined under Exhibit A based on Participant’s title or role with the Company; and (ii) the Participant’s
then-current Base Salary. The Normal Severance shall be payable in the form of salary continuation in accordance with the Company’s
regular payroll schedule over the Severance Period, commencing on such date determined in accordance with Section 6 or as a lump
sum at the Company’s sole discretion. The “Severance Period” will equal the period of months equal to the product
of (A) Participant’s Normal Multiplier and (B) 12.

 

(b)            The
portion of any outstanding unvested time-based equity award held by Participant that would vest on an annual cliff vesting date in
accordance with the terms of the award during the three months following the Participant’s termination date will become
fully vested as of the date the termination of Participant’s employment becomes effective. In addition, the Chief
Executive Officer shall receive the accelerated vesting set forth on Exhibit A.

 

(c)            Participant
shall be entitled to continue participating in the Company’s health benefits for the Severance Period (the “Severance Benefits”),
as follows: (i) such continued benefits shall be subject to Participant’s timely election of continuation coverage under COBRA;
(ii) the Company will pay the company contribution and Participant shall be required to pay the employee contribution directly or
as a reimbursement to Participant at the at the Company’s sole discretion, (iii) Participant’s right to receive further
Severance Benefits shall terminate if and when Participant secures alternative health benefits from a new employer, of which Participant
shall promptly notify the Company, or if and when Participant otherwise becomes ineligible for further coverage under COBRA; and (iv) the
Company shall be required to provide the Severance Benefits only to the extent that the Company continues offering an employee health
benefits plan and to extent that the Company is not required to provide and pay for such post-termination coverage to other employees
to avoid a violation of applicable nondiscrimination requirements.

 

    	 	3	 

     

    

 

(d)            The
payments and benefits described in this Section 4 shall be in lieu of any other benefits or payments under any severance or similar
plan, policy or arrangement of the Company.

 

5.            Severance
in Connection with a Change in Control. If during the Change in Control Period, the Company terminates Participant’s employment
without Cause or Participant resigns Participant’s employment with Good Reason, subject to the provisions of Section 6 and
7, Participant shall be eligible to receive the following payments and benefits (collectively, the “CIC Severance Package”):

 

(a)            Participant
shall be entitled to receive an amount equal to the product of (the “CIC Severance”): (A) the CIC Multiplier,
as determined under Exhibit A based on Participant’s title or role with the Company; and (B) the sum of Participant’s
then-current Base Salary and then-current target annual bonus opportunity. The CIC Severance shall be payable in a single lump sum, on
such date in determined accordance with Section 6.

 

(b)            Participant
shall be entitled to continue participating in the Company’s health benefits for the CIC Severance Period (the “CIC Severance
Benefits”), as follows: (i) such continued benefits shall be subject to Participant’s timely election of continuation
coverage under COBRA; (ii) the Company will pay the company contribution directly or as a reimbursement to Participant at the Company’s
sole discretion and Participant shall be required to pay the employee contribution; (iii) Participant’s right to receive further
CIC Severance Benefits shall terminate if and when Participant secures alternative health benefits from a new employer, of which Participant
shall promptly notify the Company, or if and when Participant otherwise becomes ineligible for further coverage under COBRA; and (iv) the
Company shall be required to provide the CIC Severance Benefits only to the extent that the Company continues offering an employee health
benefits plan and to extent that the Company is not required to provide and pay for such post-termination coverage to other employees
to avoid a violation of applicable nondiscrimination requirements. The “CIC Severance Period” will equal the period
of months equal to the product of (A) Participant’s CIC Multiplier and (B) 12.

 

(c)            Any
outstanding unvested equity awards held by Participant under the Company’s then-current outstanding equity incentive plan(s) will
become fully vested as of the date the termination of Participant’s employment becomes effective.

 

(d)            The
payments and benefits described in this Section 5 shall be in lieu of any other benefits or payments under any severance or similar
plan, policy or arrangement of the Company, and shall be in lieu of any benefits set forth in Section 5 of this Agreement.

 

6.            Release.
A Participant’s rights to the Severance Package or the CIC Severance Package, as applicable, is conditioned upon Participant
executing and not revoking a valid separation and general release agreement in a form provided by the Company (the “Release”),
and provided such release becomes effective and irrevocable within 60 days following termination or such shorter time period set forth
therein, releasing the Company, its subsidiaries, other affiliates and shareholders from any and all liability. Any payments or benefits
due for the period after termination and before the Release becomes effective shall be paid with the first payment after the Release becomes
effective. Notwithstanding any other provision herein, if the period during which Participant has discretion to execute or revoke the
Release straddles two calendar years, the Company shall make payments conditioned on the Release no earlier than January 1st of the
second calendar year, regardless of which year the Release becomes effective.

 

    	 	4	 

     

    

 

7.            Restrictive
Covenants. A Participant’s rights to the Severance Package or the CIC Severance Package, as applicable, is conditioned on
Participant’s compliance with Participant’s obligations under, as applicable: (a) Participant’s Non-Disclosure,
Non-Solicitation and Assignment Agreement; and (b) any other applicable confidentiality, invention, work product, non-disparagement,
non-competition, non-solicitation, non-interference, and/or other restrictive covenant obligations contained in any written agreement
between the Participant and the Company. In the event that Participant fails to comply with any of these obligations, the Participant’s
right to receive any additional Severance Package or CIC Severance Package payments or benefits shall cease immediately and Participant
shall promptly refund any such payments or benefits previously paid by the Company. The Company’s rights under this Section 7
shall be full recourse. The Company shall have the right to offset Participant’s obligations under this Section 7 against any
amounts otherwise owed to Participant from the Company or its affiliates.

 

8.            Accrued
Obligations.  Notwithstanding anything to the contrary contained herein, a Participant shall be entitled to all Accrued Obligations
as of his or her termination of employment, regardless of whether he or she is eligible for severance payments or benefits under this
Plan. “Accrued Obligations” shall mean, for any Participant: (i) the portion of such Participant’s Base
Salary that has accrued prior to any termination of such Participant’s employment with the Company and has not yet been paid; (ii) the
portion of such Participant’s prior-year annual bonus that has been earned prior to any termination of such Participant’s
employment with the Company and has not yet been paid; (iii) the amount of any expenses properly incurred by such Participant on
behalf of the Company in accordance with Company policy prior to any such termination and not yet reimbursed; and (iv) the amount
of such Participant’s vacation time that has accrued prior to any such termination that has not yet been used. A Participant’s
entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the
terms of such plans, except as otherwise specified in this Plan.

 

9.            Non-Duplication
of Benefits. Nothing in this Plan will entitle any Participant to receive duplicate benefits
in connection with any voluntary or involuntary termination of employment. A Participant’s right to receive any payments under this
Plan will be expressly conditioned upon such Participant not receiving severance payments or benefits under any other agreement, program
or arrangement.

 

10.          Death.
If a Participant dies after the date Participant commences receiving benefits and payments under the Severance Package or the CIC
Severance Package, as applicable, but before all such payments or benefits have been paid or provided, payments will be made to any beneficiary
designated by Participant prior to or in connection with such Participant’s termination or, if no such beneficiary has been designated,
to Participant’s estate.

 

11.          Withholding.
 The Company may withhold from any payment or benefit under this Plan: (a) any federal, state, or local income or payroll taxes
required by law to be withheld with respect to such payment; (b) such sum as the Company may reasonably estimate is necessary to
cover any taxes for which the Company may be liable and which may be assessed with regard to such payment; and (c) such other amounts
as appropriately may be withheld under the Company’s payroll policies and procedures from time to time in effect.

 

    	 	5	 

     

    

 

12.          Section 409A.
 It is expected that the payments and benefits provided under this Plan will be exempt from the application of Section 409A of
the Code, and the guidance issued thereunder (“Section 409A”). This Plan shall be interpreted consistent with
this intent to the maximum extent permitted and generally, with the provisions of Section 409A. A termination of employment shall
not be deemed to have occurred for purposes of any provision of this Plan providing for the payment of any amounts or benefits upon or
following a termination of employment (which amounts or benefits constitute nonqualified deferred compensation within the meaning of Section 409A)
unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any
such provision of this Plan, references to a “termination,” “termination of employment” or like terms shall mean
 “separation from service”. Neither Participant nor the Company shall have the right to accelerate or defer the delivery of
any payment or benefit except to the extent specifically permitted or required by Section 409A. Notwithstanding the foregoing, to
the extent the severance payments or benefits under this Plan are subject to Section 409A, the following rules shall apply with
respect to distribution of the payments and benefits, if any, to be provided to Participants under this Plan:

 

(a)            Each
installment of the payments and benefits provided under this Plan will be treated as a separate “payment” for purposes of
Section 409A. Whenever a payment under this Plan specifies a payment period with reference to a number of days (e.g., “payment
shall be made within 10 days following the date of termination”), the actual date of payment within the specified period shall be
in the Company’s sole discretion. Notwithstanding any other provision of this Plan to the contrary, in no event shall any payment
under this Plan that constitutes “non-qualified deferred compensation” for purposes of Section 409A be subject to transfer,
offset, counterclaim or recoupment by any other amount unless otherwise permitted by Section 409A.

 

(b)            Notwithstanding
any other payment provision herein to the contrary, if the Company or appropriately-related affiliates is publicly-traded and a Participant
is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B) with
respect to such entity, then each of the following shall apply:

 

(i)            With
regard to any payment that is considered “non-qualified deferred compensation” under Section 409A payable on account
of a “separation from service,” such payment shall be made on the date which is the earlier of (A) the day following
the expiration of the six month period measured from the date of such “separation from service” of Participant, and (B) the
date of Participant’s death (the “Delay Period”) to the extent required under Section 409A. Upon the expiration
of the Delay Period, all payments delayed pursuant to this provision (whether otherwise payable in a single sum or in installments in
the absence of such delay) shall be paid to or for Participant in a lump sum, and all remaining payments due under this Plan shall be
paid or provided for in accordance with the normal payment dates specified herein; and

 

(ii)           To
the extent that any benefits to be provided during the Delay Period are considered “non-qualified deferred compensation” under
Section 409A payable on account of a “separation from service,” and such benefits are not otherwise exempt from Section 409A,
Participant shall pay the cost of such benefits during the Delay Period, and the Company shall reimburse Participant, to the extent that
such costs would otherwise have been paid by the Company or to the extent that such benefits would otherwise have been provided by the
Company at no cost to Participant, the Company’s share of the cost of such benefits upon expiration of the Delay Period. Any remaining
benefits shall be reimbursed or provided by the Company in accordance with the procedures specified in this Plan.

 

(c)            The
Company makes no representations or warranties and shall have no liability to any Participant or any other person, other than with respect
to payments made by the Company in violation of the provisions of this Plan, if any provisions of or payments under this Plan are determined
to constitute deferred compensation subject to Section 409A of the Code but not to satisfy the conditions of that section.

 

    	 	6	 

     

    

 

13.          Modified
280G Cutback.

 

(a)            To
the extent that any payment, benefit or distribution of any type to or for a Participant’s benefit by the Company or any of its
affiliates, whether paid or payable, provided or to be provided, or distributed or distributable pursuant to the terms of this Plan or
otherwise (including, without limitation, any accelerated vesting of stock options or other equity-based awards) (collectively, the “Total
Payments”) would be subject to the excise tax imposed under Section 4999 of the Code, then the Total Payments shall be
reduced (but not below zero) so that the maximum amount of the Total Payments (after reduction) shall be one dollar ($1.00) less than
the amount which would cause the Total Payments to be subject to the excise tax imposed by Section 4999 of the Code, but only if
the Total Payments so reduced result in Participant receiving a net after tax amount that exceeds the net after tax amount Participant
would receive if the Total Payments were not reduced and were instead subject to the excise tax imposed on excess parachute payments by
Section 4999 of the Code. Unless Participant shall have given prior written notice to the Company to effectuate a reduction in the
Total Payments if such a reduction is required, any such notice consistent with the requirements of Section 409A to avoid the imputation
of any tax, penalty or interest thereunder, the Company shall reduce or eliminate the Total Payments by first reducing or eliminating
any cash severance benefits (with the payments to be made furthest in the future being reduced first), then by reducing or eliminating
any accelerated vesting of stock options or similar awards, then by reducing or eliminating any accelerated vesting of restricted stock
or similar awards, then by reducing or eliminating any other remaining Total Payments. The preceding provisions of this Section shall
take precedence over the provisions of any other plan, arrangement or agreement governing Participant’s rights and entitlements
to any benefits or compensation.

 

(b)            If
the Total Payments to a Participant are reduced in accordance with Section 14(a), as a result of the uncertainty in the application
of Section 4999 of the Code at the time of the initial reduction under Section 14(a), it is possible that Total Payments to
a Participant which will not have been made by the Company should have been made (“Underpayment”) or that Total Payments
to a Participant which were made should not have been made (“Overpayment”). If an Underpayment has occurred, the amount
of any such Underpayment shall be promptly paid by the Company to or for the benefit of such Participant. In the event of an Overpayment,
then Participant shall promptly repay to the Company the amount of any such Overpayment together with interest on such amount (at the
same rate as is applied to determine the present value of payments under Section 280G of the Code or any successor thereto), from
the date the reimbursable payment was received by such Participant to the date the same is repaid to the Company

 

    	 	7	 

     

    

 

14.          Plan
Administration.

 

(a)            Plan
Administrator. The Plan Administrator shall be the Board or a committee thereof designated by the Board (the “Committee”);
provided, however, that the Board or such Committee (as constituted prior to the closing of a Change in Control) may in its sole discretion
appoint a new Plan Administrator to administer this Plan following a Change in Control, which such Plan Administrator shall not be removed
or modified following a Change in Control other than at its own initiative. If such Plan Administrator designated by the Board or Committee
prior to a Change in Control ceases to serve as Plan Administrator at any point after a Change in Control but prior to the later to occur
of the first (1st) anniversary of the Change in Control or the final payment of benefits under this Plan to any Participant, then until
the later to occur of the first (1st) anniversary of the Change in Control or the final payment of benefits under this Plan to any Participant,
any such successor Plan Administrator appointed by the Board or the Committee shall be a qualified independent third party, such as a
retired judge selected by the head of the American Arbitration Association in Manhattan, an independent compensation consultant or a law
firm. The Plan Administrator shall also serve as the Named Fiduciary of this Plan under ERISA. The Plan Administrator shall be the “administrator”
within the meaning of Section 3(16) of ERISA and shall have all the responsibilities and duties contained therein. Notwithstanding
any provision of this Plan to the contrary, any employee(s) appointed to serve as Plan Administrator (whether individually or as
members of a committee) shall serve as such only for so long as he or she is an employee of the Company and shall be deemed to resign
his or her position effective as of his or her termination of employment (whether voluntary or involuntary). The Plan Administrator can
be contacted at the following address:

 

Quantum-Si Incorporated

530 Old Whitfield Street

Guilford, CT 06437

Attention: Head of Human Resources

Phone: (203) 458-7100

 

(b)            Decisions,
Powers and Duties. The general administration of this Plan and the responsibility for carrying out its provisions shall be vested
in the Plan Administrator. The Plan Administrator shall have such powers and authority as are necessary to discharge such duties and responsibilities
which also include, but are not limited to, interpretation and construction of this Plan, the determination of all questions of fact,
including, without limit, eligibility, participation and benefits, the resolution of any ambiguities and all other related or incidental
matters, and such duties and powers of the plan administration which are not assumed from time to time by any other appropriate entity,
individual or institution. The Plan Administrator may determine from time to time, in its discretion, whether an employee of the Company
who is not an Eligible Employee shall become a Participant in this Plan, provided the Plan Administrator delivers written notice to such
employee that the employee will be a Participant in the Plan. The Plan Administrator may adopt rules and regulations of uniform applicability
in its interpretation and implementation of this Plan. The Plan Administrator may delegate any of its duties hereunder to such person
or persons from time to time as it may designate.

 

(c)            The
Plan Administrator shall discharge its duties and responsibilities and exercise its powers and authority in its sole discretion and in
accordance with the terms of the controlling legal documents and applicable law, and its actions and decisions that are not arbitrary
and capricious shall be binding on any employee, and employee’s spouse or other dependent or beneficiary and any other interested
parties whether or not in being or under a disability. The Plan Administrator is empowered, on behalf of this Plan, to engage accountants,
legal counsel and such other personnel as it deems necessary or advisable to assist it in the performance of its duties under this Plan.
The functions of any such persons engaged by the Plan Administrator shall be limited to the specified services and duties for which they
are engaged, and such persons shall have no other duties, obligations or responsibilities under this Plan. Such persons shall exercise
no discretionary authority or discretionary control respecting the management of this Plan.

 

(d)            The
Company shall promptly reimburse the Plan Administrator or the Committee for any expenses incurred in good faith in the course of carrying
out its obligations under this Plan, including, but not limited to, attorney’s fees, claims, fines, judgments, taxes, causes of
action or liability and amounts paid in settlement, actually and reasonably incurred by such Committee or Plan Administrator, unless such
expense, claim, fine, judgment, taxes, cause of action, liability or amount arose from his or her negligence, fraud or willful breach
of his or her fiduciary responsibilities under ERISA.

 

    	 	8	 

     

    

 

15.          Claims, Inquiries
and Appeals.

 

(a)            Applications
for Benefits and Inquiries. Any application for benefits under or inquiries about this Plan or inquiries about present or future rights
under this Plan must be submitted to the Plan Administrator in writing, as follows:

 

Plan Administrator

Quantum-Si Incorporated

530 Old Whitfield Street

Guilford, CT 06437

 

(b)            Denial
of Claims. In the event that any application for benefits is denied in whole or in part, the Plan Administrator must notify the applicant,
in writing, of the denial of the application, and of the applicant’s right to review the denial. The written notice of denial will
be set forth in a manner designed to be understood by the applicant, and will include specific reasons for the denial, specific references
to this Plan provision upon which the denial is based, a description of any information or material that the Plan Administrator needs
to complete the review and an explanation of this Plan’s review procedure. This written notice will be given to the applicant within
15 days after the Plan Administrator receives the application, unless special circumstances require an extension of time, in which case,
the Plan Administrator has up to an additional 15 days for processing the application. If an extension of time for processing is required,
written notice of the extension will be furnished to the applicant before the end of the initial 15-day period. This notice of extension
will describe the special circumstances necessitating the additional time and the date by which the Plan Administrator is to render his
or her decision on the application. If written notice of denial of the application for benefits is not furnished within the specified
time, the application shall be deemed to be denied. The applicant will then be permitted to appeal the denial in accordance with the review
procedure described below.

 

(c)            Request
for a Review. Any person (or that person’s authorized representative) for whom an application for benefits is denied, in whole
or in part, may appeal the denial by submitting a request for a review to the Plan Administrator within 30 days after the application
is denied (or deemed denied). The Plan Administrator will give the applicant (or his or her representative) an opportunity to review pertinent
documents in preparing a request for a review and submit written comments, documents, records and other information relating to the claim.
A request for a review shall be in writing and shall be addressed to:

 

Plan Administrator

Quantum-Si Incorporated

530 Old Whitfield Street

Guilford, CT 06437

 

A request for review must set forth all of the
grounds on which it is based, all facts in support of the request and any other matters that the applicant feels are pertinent. The Plan
Administrator may require the applicant to submit additional facts, documents or other material as he or she may find necessary or appropriate
in making his or her review.

 

(d)            Decision
on Review. The Plan Administrator will act on each request for review within 15 days after receipt of the request, unless special
circumstances require an extension of time (not to exceed an additional 15 days), for processing the request for a review. If an extension
for review is required, written notice of the extension will be furnished to the applicant within the initial 15-day period. The Plan
Administrator will give prompt, written notice of his or her decision to the applicant. In the event that the Plan Administrator confirms
the denial of the application for benefits in whole or in part, the notice will outline, in a manner calculated to be understood by the
applicant, the specific Plan provisions upon which the decision is based.

 

(e)            Rules and
Procedures. The Plan Administrator may establish rules and procedures, consistent with this Plan and with ERISA, as necessary
and appropriate in carrying out his or her responsibilities in reviewing benefit claims. The Plan Administrator may require an applicant
who wishes to submit additional information in connection with an appeal from the denial (or deemed denial) of benefits to do so at the
applicant’s own expense.

 

    	 	9	 

     

    

 

(f)             Exhaustion
of Remedies. No legal action for benefits under this Plan may be brought until the claimant (i) has submitted a written application
for benefits in accordance with the procedures described by Section 15(a) above, (ii) has been notified by the Plan Administrator
that the application is denied (or the application is deemed denied due to the Plan Administrator’s failure to act on it within
the established time period), (iii) has filed a written request for a review of the application in accordance with the appeal procedure
described in Section 15(c) above and (iv) has been notified in writing that the Plan Administrator has denied the appeal
(or the appeal is deemed to be denied due to the Plan Administrator’s failure to take any action on the claim within the time prescribed
by Section 15(d) above).

 

16.          Indemnification.
To the extent permitted by law, the Plan Administrator and all employees, officers, directors, agents and representatives of the Company
shall be indemnified by the Company and held harmless against any claims and all associated expenses of defending against such claims,
resulting from any action or conduct relating to the administration of this Plan, whether as a member of the Committee or otherwise, except
to the extent that such claims arise from gross negligence, willful neglect, or willful misconduct. The Company shall advance all expenses
for which a party is indemnified under this Section 17 to such indemnified party or shall arrange for direct payment of any such
expenses by the Company.

 

17.          Plan
Not an Employment Contract.  This Plan is not a contract between the Company and any employee, nor is it a condition of employment
of any employee. Nothing contained in this Plan gives, or is intended to give, any employee the right to be retained in the service of
the Company, or to interfere with the right of the Company to discharge or terminate the employment of any employee at any time and for
any reason. No employee shall have the right or claim to benefits beyond those expressly provided in this Plan, if any. All rights and
claims are limited as set forth in this Plan.

 

18.          Severability.
In case any one or more of the provisions of this Plan (or part thereof) shall be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect the other provisions hereof, and this Plan shall be construed
as if such invalid, illegal or unenforceable provisions (or part thereof) never had been contained herein.

 

19.          Non
Assignability.  No right or interest of any Participant in this Plan shall be assignable or transferable in whole or in part either
directly or by operation of law or otherwise, including, but not limited to, execution, levy, garnishment, attachment, pledge or bankruptcy.

 

20.          Integration
With Other Pay or Benefits Requirements. The severance payments and benefits provided for in this Plan are the maximum benefits
that the Company will pay to Participants on a termination of employment, except to the extent otherwise required by applicable law. To
the extent that any federal, state or local law, including, without limitation, so called “plant closing” laws, requires the
Company to give advance notice or make a payment of any kind to an employee because of that employee’s involuntary termination due
to a layoff, reduction in force, plant or facility closing, sale of business, or similar event, the benefits provided under this Plan
or the other arrangement shall either be reduced or eliminated to avoid any duplication of payment. The Company intends for the benefits
provided under this Plan to partially or fully satisfy any and all statutory obligations that may arise out of an employee’s involuntary
termination for the foregoing reasons and the Company shall so construe and implement the terms of this Plan.

 

    	 	10	 

     

    

 

21.          Amendment
or Termination.  The Board may amend, modify, or terminate this Plan at any time in its sole discretion; provided, however, that:
(a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Participant
shall be approved by the Company’s Board of Directors; (b) no such amendment, modification or termination may adversely affect
the rights of a Participant then receiving payments or benefits under this Plan without the consent of such person; and (c) no such
amendment, modification or termination made after a Change in Control shall be effective until after the later to occur of the first (1st)
anniversary of the Change in Control or the final payment of benefits under this Plan to any Participant. The Board intends to review
this Plan at least annually.

 

22.          Source
of Benefit. The Company will pay benefits under the Plan from its general assets to the extent available. The benefits is not
funded through a trust fund or insurance contracts. No employee shall have any right to, or interest in, any assets of the Company upon
termination of employment or otherwise.

 

23.          Statement
of ERISA Rights. Participants are entitled to certain rights and protections under the Employee Retirement Income Security Act
of 1974, as amended (“ERISA”). ERISA provides that Participants are entitled to the following rights:

 

(a)            Receive
Information About the Plan and Benefits. A Participant may examine, without charge, at the Plan Administrator’s office all documents
governing the Plan and, if applicable, a copy of the latest annual report (Form 5500) filed with the U.S. Department of Labor and
available at the Public Disclosure Room of the Employee Benefits Security Administration. A Participant may also obtain copies of these
documents upon written request to the Plan Administrator. There may be a reasonable charge for the cost of copying. A Participant is also
entitled to receive a summary of the Plan’s annual financial report. The Plan Administrator is required by law to furnish each Participant
with a copy of this summary annual report.

 

(b)            Prudent
Actions by Plan Fiduciaries. In addition to creating rights for Plan participants, ERISA imposes duties upon the people who are responsible
for the operation of the Plan. The people who operate the Plan, called “fiduciaries,” have a duty to do so prudently and in
the interest of the Plan’s Participants and their beneficiaries. No one, including the Company, may fire you or otherwise discriminate
against a Participant in any way to prevent the Participant from obtaining a welfare benefit or exercising the Participant’s rights
under ERISA.

 

(c)            Enforce
Participant Rights. If a Participant’ claim for a welfare benefit is denied or ignored, in whole or in part, the Participant
has the right to know the reason and to obtain copies of documents relating to the decision without charge, and to appeal any denial,
all within certain timeframes as set forth in this Plan. Under ERISA, there are steps a Participant can take to enforce the above rights.
For instance, if a Participant requests a copy of Plan documents, or the latest annual report from the Plan and the Participant does not
receive them within 30 days, the Participant may file suit in a federal court. In such a case, the court may require the Plan Administrator
to provide the materials to the Participant and pay the Participant up to $110 per day until the Participant receives the materials, unless
the materials were not sent because of reasons beyond the control of the Plan Administrator. If the Participant has a claim for benefits
that is denied or ignored, in whole or in part, the Participant may file suit in federal or state court, provided the Participant has
exhausted the Plan’s administrative remedies (i.e. claims procedures). If it should happen that the Plan fiduciaries misuse the
Plan’s money, or if a Participant is discriminated against for asserting the Participant’s rights under this Plan or under
ERISA, the Participant may seek assistance from the U.S. Department of Labor, or may file suit in federal court. The court will decide
who should pay court costs and legal fees. If a Participant is successful, the court may order the person that the Participant sued to
pay these costs and fees. If a Participant loses, the court may order the Participant to pay these costs and fees if it finds the Participant’s
claim is frivolous.

 

    	 	11	 

     

    

 

(d)            Assistance
With Questions. If a Participant has any questions about the Plan, the Participant should contact the Plan Administrator. If a Participant
has questions about this statement or about the Participant’s rights under ERISA, the Participant should contact the nearest office
of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Participant
Assistance and Communications, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington,
D.C. 20210. The Participant may obtain publications about the Participant’s rights and responsibilities under ERISA by calling the
publications hotline of the Employee Benefits Security Administration. A Participant may also access the Employee Benefits Security Administration’s
website at www.dol.gov/ebsa.

 

24.          Type
of Plan. This Plan is a severance pay Plan.

 

25.          Plan
Sponsor. The sponsor of this Plan is Quantum-Si Incorporated (referred to in this Plan as the “Company”). The Plan
sponsor’s address is:

 

Quantum-Si Incorporated

530 Old Whitfield Street

Guilford, CT 06437

Attention: Head of Human Resources

Phone: (203) 458-7100

 

26.          Agent
for Legal Process. A Participant or beneficiary may serve legal process on the Plan Administrator, c/o:

 

Quantum-Si Incorporated

530 Old Whitfield Street

Guilford, CT 06437

Attention: Head of Human Resources

 

27.          Plan
Year. The Plan Year is the calendar year.

 

28.          Identification
Number. The Plan’s number for purposes of discussion with a federal government agency is 501. The Company's Employer Identification
Number is [●].

 

29.          Summary
Plan Description. This Plan constitutes both the governing document and the summary plan description for the Plan.

 

30.          Governing
Law. This Plan and the rights of all persons under this Plan shall be construed in accordance with and under applicable provisions
of ERISA, and the regulations thereunder, and the laws of the State of Delaware (without regard to conflict of law provisions) to the
extent not preempted by federal law.

 

    	 	12	 

     

    

 

EXHIBIT A

MULTIPLIERS

 

	Title/Role of Participant	Normal Multiplier	CIC Multiplier
	Chief Executive Officer	1	1.5
	Executive Officer	.75	1

 

CHIEF EXECUTIVE OFFICER ACCELERATED VESTING

 

If the Company terminates the Chief
Executive Officer’s employment without Cause or the Chief Executive Officer resigns with Good Reason prior to January 7,
2022, the Chief Executive Officer’s time-based equity award that  is scheduled to vest in
accordance with the terms of the award as to 25% of the award on January 7, 2022 will become vested as to 25% of the award as
of the date the termination of the Chief Executive Officer’s employment becomes effective.Exhibit
10.1

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (the “Agreement”), entered into as of July 1, 2021 (the “Effective Date”), is entered into
by and between HENGFAI BUSINESS DEVELOPMENT PTE. LTD. (the “Company”), CHAN TUNG MOE (the “Executive”),
and ALSET EHOME INTERNATIONAL INC. (“AEI”). The Executive, under this Agreement shall provide services to both the
Company and ALSET EHOME INTERNATIONAL INC. (“AEI”) as set forth under Section 2 herein.

 

	1.	Term
    of Employment. The Company agrees to employ Executive, and Executive agrees to work for the Company and AEI, upon
    the terms set forth in this Agreement, for the period commencing on July 1, 2021 and ending on June 30, 2024 (the “Term”).
    This Agreement shall terminate in accordance with the provisions of Section 4, below.
	 	 
	2.	Title;
    Capacity. The Company will employ and compensate Executive for all services rendered to the Company, and Executive
    agrees to provide his services to the Company and AEI as Co-Chief Executive Officer and to perform the duties and responsibilities
    inherent to such position (including travel, as required); Executive also agrees to perform all other duties and responsibilities
    consistent with such position as the Company’s Board of Directors (the “Board”) and the Board of Directors of AEI
    shall from time to time assign to him. Executive shall report directly to the Board of the Company and the Board of AEI and shall
    be subject to the supervision of each such Board. Executive shall also have such authority as is delegated to him by each such Board,
    which authority shall be sufficient to perform his duties hereunder.
	 	 
	3.	Compensation,
    Benefits and Equity.
	 	 
	3.1	Salary.
    The Company shall pay Executive a monthly base salary of USD$10,000 less applicable payroll withholding, which shall be payable
    in accordance with the Company’s customary payroll practices (the “Base Salary”) payable on a monthly basis.
	 	 
	3.2	Signing
    Bonus. Within thirty (30) days of the commencement of the Term, the Company shall pay to Executive a signing cash bonus in the
    amount of USD$60,000.
	 	 
	3.3	Benefits.
    Executive shall be entitled to participate in all benefit programs and allowances that the Company establishes and makes available
    to its executive employees, including eligibility for all Company benefit plans, including but not limited to, health care coverage,
    profit sharing, car allowance, cell phone and data usage payment or reimbursement, home and office internet and computer supply equipment.
    The Executive understands that, except when prohibited by applicable law, the Company’s benefit plans, and fringe benefits
    may be amended by the Company from time to time in its sole discretion.
	 	 
	 	The
    Executive shall be entitled to four (4) weeks of paid vacation time per year during the terms of this Agreement commencing immediately
    with the execution of this Agreement. All other terms of the Executive’s vacation shall be subject to the Company’s vacation
    policy, as it exists or is subsequently modified.
	 	 
	3.4	Expenses.
    The Company shall reimburse Executive for reasonable travel, entertainment, mileage, and other business expenses incurred by
    Executive in the performance of his duties hereunder in accordance with the Company’s general policies, as amended from time
    to time.

 

    	 	 	Page | 1

     

    

 

	4.	Termination
    of Executive’s Employment
	 	 
	a)	By
    the Company. Either the Company or AEI may terminate the Executive’s employment at any time, with or without “Cause,”
    upon written notice by the Company or AEI to the Executive, and the Executive’s employment will terminate on the day specified
    in such notice. For the purposes of this Agreement, “Cause” means: (i) the Executive’s conviction of (or Executive
    pleads nolo contendere to) a felony or misdemeanor involving dishonesty, fraud, breach of trust, moral turpitude, or a crime
    leading to incarceration of more than sixty (60) days; (ii) the Executive’s material breach of this Agreement; (iii) Executive’s
    continued failure in any material respects with the performance of his/her employment duties for more than ten (10) business days
    (other than due to illness, disability, and vacation) after having received written notice specifying the nature of the failure;
    (iv) commission by the Executive of any act of fraud, dishonesty, or embezzlement against the Company or AEI, or any subsidiary or
    customer thereof; (v) the Executive reporting to work while impaired under the influence of alcohol or drugs, or the Executive’s
    use or distribution of illegal narcotics; (vi) the Executive’s commission of any illegal act of violence against an employee,
    customer, or vendor of the Company or AEI; (vii) willful disregard of any reasonable instruction of the Board of the Company or AEI
    relating to a material matter of the Company or AEI; and (viii) Executive’s violation of any material law, statue, or regulation
    relating to the business of the Company or AEI.
	 	 
	b)	By
    the Executive. The Executive may terminate his employment with the Company and AEI at any time with or without “Good Reason”
    upon written notice by the Executive to the Company and AEI, and the Executive’s employment will terminate on the date specified
    in the notice. “Good Reason” means: (i) a material reduction in the Executive’s compensation or benefits; (ii)
    a material breach by the Company or AEI of this Agreement; or (iii) a material reduction or material change in the Executive’s
    original duties, responsibilities or authority
	 	 
	c)	Death.
    Executive’s employment hereunder shall be terminated immediately upon death of the Executive.
	 	 
	d)	Disability
    of Executive. This Agreement may be terminated immediately upon the disability of the Executive. For purposes of this Agreement,
    “Disability” shall mean if Executive has a mental or physical condition that prevents Executive from carrying out the
    essential duties of his/her employment position for a period greater than three (3) months, notwithstanding the Company’s and
    AEI’s reasonable accommodations (to the extent required by law)
	 	 
	e)	Mutual
    Agreement of Parties. This Agreement shall terminate upon the mutual agreement of the parties.
	 	 
	f)	Effects
    of Termination. In the event that Executive’s employment is terminated by the Company or AEI without “Cause”
    or by similar premise, or by the Executive for “Good Reason”, then the Executive shall be entitled to payment for: (i)
    unpaid Base Salary, prorated to the date of termination or resignation; (ii) accrued and unused vacation pay, (iii) any benefits
    accruing to Executive under the terms and conditions of any then-existing employee benefit plan; (iv) three (3) months of Base Salary;
    (v) three (3) months of paid health insurance benefits, (vi) reimbursement of expenses incurred prior to termination in accordance
    with Section 3.4.; and (vii) benefits as required by law.
	 	 
	g)	Termination
    “For Cause” or due to the Executive’s resignation “Without Good Reason”. In the event of the Executive’s
    employment is terminated: (i) by the Company or AEI for “Cause”, or (ii) if the Executive resigns without “Good
    Reason”, then the Executive shall be entitled to payment for: (i) unpaid Base Salary, prorated to the date of termination or
    resignation; (ii) accrued and unused vacation pay, (iii) any benefits accruing to Executive under the terms and conditions of any
    then existing employee benefit plan; (iv) reimbursement of expenses incurred prior to termination in accordance with Section 3.4.;
    and (v) benefits as required by law.

 

    	 	 	Page | 2

     

    

 

	h)	Termination
    due to the Executive’s Death or Disability. In the event that Company or AEI terminates Executive’s employment prior
    to expiration of the Term due to the Executive’s Death or Disability, then the Executive shall be entitled to payment for:
    (i) unpaid Base Salary, prorated to the date of the Executive’s Death or Disability; (ii) accrued and unused vacation pay,
    (iii) any benefits accruing to Executive under the terms and conditions of any then- existing employee benefit plan; (iv) reimbursement
    of expenses incurred prior to Death or Disability in accordance with Section 3.4.; and (v) benefits as required by law.
	 	 
	5.	Nondisclosure
    and Proprietary Information.
	 	 
	5.1	Proprietary
    Information.
	 	 
	(a)	Executive
    agrees that all information and know-how, whether or not in writing, of a private, secret or confidential nature concerning the business
    or financial affairs of the Company and AEI (collectively, “Proprietary Information”) is and shall be the exclusive property
    of the Company or AEI, as applicable. By way of illustration, but not limitation, Proprietary Information may include inventions,
    products, processes, methods, techniques, formulas, designs, drawings, slogans, tests, logos, ideas, practices, projects, developments,
    plans, research data, financial data, personnel data, computer programs, and customer and supplier data, or other materials or information
    relating to the Company’s or AEI’s business and activities and the manner in which the Company or AEI does business.
    Executive will not disclose any Proprietary Information to others outside the Company or AEI except in the performance of his duties
    or use the same for any unauthorized purposes without written approval by an officer of the Company or AEI, either during or after
    his employment, unless and until such Proprietary Information has become public knowledge or generally known within the industry
    without fault by Executive, or unless otherwise required by law.
	 	 
	(b)	Executive
    agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings, or
    other written, photographic, electronic or other material containing Proprietary Information, whether created by Executive or others,
    which shall come into his custody or possession, shall be and are the exclusive property of the Company or AEI to be used by Executive
    only in the performance of his duties for the Company or AEI.
	 	 
	(c)	 Executive
    agrees that his obligation not to disclose or use information, know-how and records of the types set forth in paragraphs (a) and
    (b) above, also extends to such types of information, know-how, records and tangible property of subsidiaries and joint ventures
    of the Company or AEI, customers of the Company or AEI or suppliers to the Company or AEI or other third parties who may have disclosed
    or entrusted the same to the Company or AEI or to Executive in the course of the business and Company and AEI.
	 	 
	(d)	 Nothing
    in this Agreement prohibits Executive from reporting possible violations of federal law or regulation to any governmental agency
    or enforcement entity, or from making other disclosures that are protected under applicable whistleblower provisions of federal law
    and regulation.

 

    	 	 	Page | 3

     

    

  

	5.2	Other
    Agreements. Executive represents that his performance of all the terms of this Agreement as an employee of the Company and AEI
    does not and will not breach any (i) agreement to keep in confidence proprietary information, knowledge or data acquired by him in
    confidence or in trust prior to his employment with the Company and AEI or (ii) agreement to refrain from competing, directly or
    indirectly, with the business of any previous employer or any other party. Executive represents that all information Executive provided
    to the Company and AEI regarding Executive’s education, work background, experience and lack of post-employment restrictions
    are all true and accurate and each of the Company and AEI is entitled to rely on such representations.
	 	 
	5.3	Other
    Business Exception. The Company and AEI each acknowledges that the Executive is also involved in the management of personal and
    family investments, banking and finance, and has multiple investments around the world, and is a board member of other publicly traded
    companies and non-publicly traded companies. It is expressly understood by the Company and AEI that the Executive is allowed to continue
    to be involved in these activities. This Agreement shall not limit the Executive’s ability to receive compensation from other
    business for services rendered as an employee, officer, director or consultant, including but not limited to any compensation which
    may be paid by any entity affiliated with the Company or AEI.
	 	 
	6.	Indemnification.
    Each of the Company and AEI hereby agrees to indemnify the Executive to the fullest extent permitted by applicable law for
    any and all sums owed by Executive in connection with any judgments rendered against Executive in connection with or as a result
    of Executive’s service as an officer of the Company and AEI, and any and all legal and related fees incurred in connection
    with the Executive’s defense. At the Executive’s request, the Company and AEI shall as promptly as possible acquire directors
    and officers insurance to include coverage for any and all activities related to the Executive’s service as an officer of the
    Company and AEI, in a manner and amount typical for companies of the size and activity of the Company and AEI. The amounts and type
    of such coverage shall be reviewed and updated from time to time, and no less frequently than annually.
	 	 
	7.	Notices.
    All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon (a) the date of
    receipt, if sent by personal delivery (including delivery by reputable overnight courier), or (b) the date of receipt or refusal,
    if posted in Singapore, by registered or certified mail, postage prepaid and return receipt requested, or (c) the date of receipt
    if sent by e-mail PDF or facsimile transmission to the e-mail address or facsimile number of record of Executive or the Company or
    AEI, or at such other place as may from time to time be designated by either party in writing.
	 	 
	8.	Entire
    Agreement. This Agreement, and those documents referenced herein, constitute the entire agreement between the parties
    and supersede all prior agreements and understandings, including prior employment agreements, whether written or oral relating to
    the subject matter of this Agreement. Signatures affixed to this Agreement may be delivered in e-mail PDF form and any such signatures
    shall be deemed original signatures for purposes of the validity and enforceability of this Agreement.
	 	 
	9.	Amendment.
    This Agreement may be amended or modified only by a written instrument executed by all the parties hereto.
	 	 
	10.	Governing
    Law. This Agreement shall be construed, interpreted and enforced in accordance with the laws of Singapore, applied
    without giving effect to any conflicts- of-law principles. Any action or proceeding relating to this Agreement or Executive’s
    employment shall be in Singapore.
	 	 
	11.	Assumption
    by Successors. Any successor of the Company or AEI shall succeed to all of the Company’s and AEI’s duties,
    obligations, rights and benefits hereunder. The obligations of Executive are personal and shall not be assigned by him.
	 	 
	12.	No
    Waiver. No delay or omission by a party in exercising any right under this Agreement shall operate as a waiver of
    that or any other right. A waiver or consent given by a party on any one occasion shall be effective only in that instance and shall
    not be construed as a bar or waiver of any right on any other occasion.
	 	 
	13.	Severability.
    In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability
    of the remaining provisions shall in no way be affected or impaired thereby.
	 	 
	14.	Survival.
    Upon the termination of the Term and any termination of this Agreement, the obligations of the parties under Sections 4, 5 and 6
    shall survive and continue in effect in accordance with their terms.

 

    	 	 	Page | 4

     

    

 

IN
WITNESS WHEREOF, the undersigned parties have executed this Agreement effective on the date and year first above written.

 

Signed
by:

 

	/s/
    Chan Tung Moe	 
	CHAN
    TUNG MOE (Executive)	 
	 	 	 
	ALSET
    EHOME INTERNATIONAL INC.	 
	 	 	 
	By:	 /s/
    William Wu                   	 
	Title:
    	 Director 	 
	Date:
    	 July
    1, 2021 	 

 

	HENGFAI
    BUSINESS DEVELOPMENT PTE. LTD	 
	 	 	 
	By:
    	/s/
    Chan Heng Fai Ambrose  	 
	Title:
    	 Director 	 
	Date:
    	 July
                                            1, 2021 
	 

 

    	 	 	Page | 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}]]