Document:

EX-10.10

 Exhibit 10.10 

AMENDED AND RESTATED API TECHNOLOGIES CORP. 

2006 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Amended and Restated API Technologies Corp. 2006 Equity Incentive Plan (the
“Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 
 I. NOTICE OF
RESTRICTED STOCK UNIT GRANT 
 Participant
Name:                                        

Address:                      
                   
 You have been granted the
right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: 
  

							
		 	Grant Number	 	  
	 	
				
		 	Date of Grant	 	  
	 	
				
		 	Vesting Commencement Date	 	  
	 	
				
		 	Number of Restricted Stock Units	 	  
	 	

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Unit will vest in accordance with the
following schedule: 
 [VESTING SCHEDULE TO COME] 

In the event Participant ceases to be an Employee, Director, or Consultant (each a “Service Provider”) for any or no reason before
Participant vests in the Restricted Stock Unit, the Restricted Stock Unit and Participant’s right to acquire any shares of Common Stock (the “Shares”) hereunder will immediately terminate. 

By Participant’s signature and the signature of the representative of API Technologies Corp. (the “Company”) below, Participant
and the Company agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Restricted Stock Unit Grant, attached hereto as
Exhibit A, all of which are made a part of this document. Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully
understands all provisions of the Plan and Award Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan and Award Agreement.
Participant further agrees to notify the Company upon any change in the residence address indicated below. 
  

					
	PARTICIPANT:	 		 	API TECHNOLOGIES CORP.
			
	  
	 		 	  

	Signature	 		 	By

					
			
	  
	 		 	  

	Print Name	 		 	Title
			
	Residence Address:	 		 	
			
	  
	 		 	
			
	  
	 		 	

 EXHIBIT A 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT 

1. Grant. The Company hereby grants to the individual named in the Notice of Grant attached as Part I of this Award Agreement (the
“Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 17 of the Plan, in the
event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. 

2. Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless
and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such
Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in
the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested
Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within ten (10) days after the vesting date. 

3. Vesting Schedule. Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this
Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance
with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 

4. Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the
balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Committee. 

Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser portion of the
balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A, as
determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the payment of
such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a Service Provider, then
the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant dies following his or
her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or her death. It is the intent of this Award Agreement to comply with the
requirements of Section 409A so that none of the Restricted Stock Units provided under this Award Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be
interpreted to so comply. For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be
amended from time to time. 

 5. Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any
contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares
hereunder will immediately terminate. 
 6. Death of Participant. Any distribution or delivery to be made to Participant under this
Award Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the Committee or executor of Participant’s estate. Any such transferee must furnish the
Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

7. Withholding of Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be
issued to Participant, unless and until satisfactory arrangements (as determined by the Committee) will have been made by Participant with respect to the payment, if applicable, of income, employment and other taxes which the Company determines must
be withheld with respect to such Shares. Unless determined otherwise by the Committee, such tax withholding obligation of Participant will be satisfied by having the Company withhold otherwise deliverable Shares having a Fair Market Value equal to
the minimum amount required to be withheld, which will be accomplished pursuant to such procedures as the Company may specify from time to time. If the Committee determines not to satisfy tax withholding in this manner, it may permit, in its sole
discretion and pursuant to such procedures as it may specify from time to time, Participant to satisfy such tax withholding obligation of Participant by (a) paying cash, or (b) delivering to the Company already vested and owned Shares
having a Fair Market Value equal to the amount required to be withheld. If Participant fails to make satisfactory arrangements for the payment of any required tax withholding obligations hereunder at the time any applicable Restricted Stock Units
otherwise are scheduled to vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the
Company. 
 8. Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the
rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares. 
 9. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS
PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BECOMING A SERVICE PROVIDER, BEING
GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY
EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

10. Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company
at 4705 S. Apopka Vineland Road, Suite 210, Orlando FL, 32819, Attn: Chairman of the Board or such other corporate headquarters address as the Company has designated in writing 

 11. Grant is Not Transferable. Except to the limited extent provided in Section 6,
this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar
process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the
rights and privileges conferred hereby immediately will become null and void. 
 12. Binding Agreement. Subject to the limitation on
the transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

13. Additional Conditions to Issuance of Shares. If at any time the Company will determine, in its discretion, that the listing,
registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to
Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. Where the
Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of
Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

 14. Plan Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one
or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the meaning set forth in the Plan. 

15. Committee Authority. The Committee will have the power to interpret the Plan and this Award Agreement and to adopt such rules for
the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested). All
actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Committee will be personally liable for any
action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 
 16. Electronic
Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request
Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the Company. 
 17. Captions. Captions provided herein are for
convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement. 
 18. Agreement
Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining
provisions of this Award Agreement. 

 19. Modifications to the Agreement. This Award Agreement constitutes the entire
understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications
to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to
revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under
Section 409A in connection to this Award of Restricted Stock Units. 
 20. Amendment, Suspension or Termination of the Plan. By
accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is
discretionary in nature and may be amended, suspended or terminated by the Company at any time. 
 21. Governing Law. This Award
Agreement will be governed by the laws of the State of Delaware, without giving effect to the conflict of law principles thereof. 
 22.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile,
e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.EX-10.24

 Exhibit 10.24 

SEPARATION AGREEMENT AND RELEASE 

THIS SEPARATION AGREEMENT AND RELEASE (this “Agreement”) is made and entered into as of the 2nd day of March, 2015, by
and among API TECHNOLOGIES CORP., a Delaware corporation (“API”), and BEL LAZAR (“Employee”). 

RECITALS: 
 A.
Employee’s employment with API will end effective March 1, 2015 (the “Separation Date”). 
 B. Employee received a
copy of this Agreement on March 1, 2015. 
 C. API is entering into this Agreement based solely on Employee’s representation that this
Agreement will resolve any and all claims Employee has or could have against API for any issue relating to his employment or the end of his employment with API and that Employee has waived any right to pursue any lawsuit against API with respect to
his employment, the separation of that employment, or any other issue that arose prior to his execution of this Agreement, with the exception of those claims listed in Section (7). 

AGREEMENT: 
 In an effort
to end the employment relationship on an amicable basis, and in consideration of the mutual covenants, promises, and obligations contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
mutually acknowledged, the parties hereto hereby agree as follows: 
 (1) Definitions. For purposes of this Agreement, the
following terms shall have the following meanings: 
 (a) “Affiliate” shall mean, with respect to any Person, any Person
controlling, controlled by or under common control with such Person, where “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”) means the possession, directly or
indirectly, of the power to direct, or cause the direction of, the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

(b) “API” shall encompass the following: 

(i) API, as well as any division thereof, parent, subsidiary, Affiliate, or related entity, predecessors, successors and assigns of any of
the foregoing; and 
 (ii) Any current or former officer, director, trustee, agent, employee, shareholder, representative, insurer, or
employee benefit or welfare program or plan (including administrators, trustees, fiduciaries, and insurers of such program or plan) of a Person referenced in or encompassed in this Section 1(1)(b). 

(c) “Person” shall mean any individual, corporation, trust, estate, partnership, limited liability company, joint venture,
association or any other enterprise or legal entity whatsoever. 

 (2) Resignations; Future Employment. Employee hereby resigns from his position as an
officer of API, including, without limitation, as President and Chief Executive Officer of API, and all other officer positions and directorships he held with API, effective as of the Separation Date. All authority granted to Employee by API as an
officer, director, employee, agent or otherwise shall be revoked as of the Separation Date. At API’s request, Employee shall execute any and all documents necessary to confirm Employee’s resignation from API. Employee’s employment
with API shall end on the Separation Date. Employee acknowledges that promptly after the Separation Date, API is required to issue a press release announcing Employee’s resignation and promptly after the Effective Date (as defined below), API
is required to issue a press release with respect to this Agreement. Employee also acknowledges that API shall make such filings with the United States Securities and Exchange Commission with respect to Employee’s resignation and this Agreement
as required by law, and as it deems appropriate. 
 (3) Final Pay, COBRA and Other Matters. 

(a) API and Employee agree that $26,924 is due to Employee for accrued and unpaid vacation as of the Separation Date. 

(b) Employee agrees that Employee received all wages Employee earned through Employee’s Separation Date, including accrued vacation, and
that Employee received such wages and accrued vacation whether or not Employee signed this Agreement. 
 (c) After the Separation Date,
Employee will have any conversion rights available under API’s Short Term Disability, Long Term Disability, Group Life Insurance and Accidental Death and Dismemberment Plans. 

(d) Employee shall not participate in the API Retirement Savings Plan after the Separation Date. Employee will be entitled to benefits
earned and vested (if any) prior to the Separation Date pursuant to the applicable API Retirement Savings Plan provisions. 
 (e) Employee
will not be eligible for a bonus for API’s fiscal year ended November 30, 2014 or anytime thereafter, or any portion thereof. 
 (f)
Pursuant to that certain Restricted Stock Unit Award Agreement dated March 2, 2012 (the “RSU Grant”), Employee was granted 100,000 Restricted Stock Units (as defined in the RSU Grant), 66,666 of which have vested as of the
Separation Date. Nothing contained in this Agreement restricts or diminishes Employee’s rights to all vested Restricted Stock Units. 

(4) Severance Payment and Other Consideration. 

(a) This Agreement is made effective by Employee signing and returning the Agreement to API. On or after the eighth (8th) day after Employee
signs and returns the Agreement (the “Effective Date”), API will continue to pay Employee’s biweekly salary of 

  
 2 

 
Nineteen Thousand Two Hundred Three Dollars and Seventy-Seven Cents ($19,203.77) (less withholdings and standard deductions required by law) for a period that ends the sooner of the date: (i)
that is thirteen (13) biweekly pay periods after the Effective Date; or (ii) that Employee accepts a position of full- or part-time employment (other than Employee’s acceptance of a position as an independent contractor in a bona fide
consulting relationship to which Employee devotes less than 15 hours per week) with any Person and begins work at that position (the “Severance Period”), payable to Employee via direct deposit on API’s regular paydays. In the
event Employee accepts a position of full- or part-time employment with any Person and begins work at that position within the Severance Period, Employee must notify API in writing at API Technologies Corp., 4705 S. Apopka Vineland Road, Suite 210,
Orlando, Florida 32819, Attn: Chairman of the Board, or at such other address designated by API in writing, within seven (7) days of Employee’s acceptance of the position. 

(b) If Employee timely elects, pursuant to the Comprehensive Omnibus Budget Reconciliation Act (“COBRA,”) to continue
participation in the group medical and dental plan, including any executive supplemental health plan, in which Employee and Employee’s dependents are currently enrolled, API will pay the full monthly premium for Employee and Employee’s
dependents’ coverage, for the first twelve (12) months of such COBRA continuation, up through and including February 29, 2016. After this twelve- (12-) month period, any further participation in API’s group medical and dental plan pursuant
to COBRA will be at the expense of Employee and will be governed by the applicable plan provisions and the provisions of COBRA. If Employee receives health and/or dental coverage through another employer during the twelve- (12-) month period, this
COBRA benefit will terminate. In the event Employee receives coverage through another employer during this twelve- (12-) month period, Employee must notify API in writing at API Technologies Corp., 4705 S. Apopka Vineland Road, Suite 210, Orlando,
Florida 32819, Attn: Chairman of the Board, or at such other address designated by API in writing, within seven (7) days of Employee’s eligibility for coverage. 

(c) API and Employee agree that the vesting of all of the remaining 33,334 Restricted Stock Units granted to Employee under the RSU Grant
shall be accelerated to vest as of the Separation Date. 
 (d) Employee will be entitled to retain Employee’s API-issued laptop and
cell phone, in each case on the condition that API is given the opportunity to remove any confidential or proprietary information about API or API’s business plans or methods of operation from the laptop and cell phone. 

The payments described in this Section (4) reflect consideration provided to Employee over and above anything of value to which Employee is already
entitled. In paying the amount specified in this Section (4) API makes no representation as to the tax consequences or liability arising from said payment. Moreover, the parties hereto understand and agree that any tax consequences
and/or liability arising from the payment to Employee shall be the sole responsibility of Employee. To this extent, Employee acknowledges and agrees that he will pay any and all federal, state and local income tax which may be determined to be
due in connection with the payments described in this Section (4). Employee also agrees to indemnify API from all tax and/or other liability (including, but not limited to, fines, penalties, interest, and costs) arising

  
 3 

 
from or relating to the payment described in this Section (4) and/or imposed by the Internal Revenue Service, the State of California, or any other taxing agency or tribunal as a result of
API’s failure to withhold taxes on the payments described in this Section (4) or any portion thereof. Employee acknowledges and agrees that the consideration and sums included in this Section (4) are the maximum sums ever to
be due to Employee from API, and he hereby relinquishes and waives any rights to other forms of payment or benefits under any other agreement between Employee and API, whether written, oral, express or implied. 

(5) General Release and Waiver from Employee. 

(a) In consideration for the payments reflected in Section (4). Employee (for himself, his agents, successors, assigns, heirs,
executors and administrators) hereby releases and discharges API and its respective current and former officers, directors, members, managers, partners, employees, agents, shareholders, attorneys, administrators, Affiliates, benefit plans, plan
administrators, insurers, trustees, divisions, and subsidiaries, and the successors and assigns of the foregoing (collectively, the “Releasees”), from and against any claim, demand, action, or cause of action, known or unknown,
which arose at any time from the beginning of time to the date Employee executes this Agreement, and waives all claims relating to, arising out of, or in any way connected with his employment with or termination of employment from API including,
without limitation, any claim, demand, action, cause of action, including money damages and claims for attorneys’ fees, based on, but not limited to: 

(i) The Age Discrimination in Employment Act, Title VII of the Civil Rights Act, the Americans with Disabilities Act, state and local laws
prohibiting employment discrimination and/or retaliation, the Employee Retirement Income Security Act, the California Fair Employment and Housing Act, the California Family Rights Act, the California Labor Code, state and federal family and medical
leave laws, state and federal whistleblower laws, and any other federal, state or local laws or ordinances; 
 (ii) Any API policies,
practices, contracts or agreements; 
 (iii) Any policies, practices, laws or agreements governing the payment of wages, commissions,
severance pay or other compensation; 
 (iv) Any defamation, wrongful termination or invasion of privacy claims; 

(v) Any employee benefit plan, other than those benefit plans that Employee has vested rights in as of Employee’s separation date; 

(vi) Any laws or agreements that provide for punitive, exemplary or statutory damages or for the payment of attorneys’ fees, costs or
expenses; 
 (vii) Any existing or potential entitlement under any program or plan of API, including wages or other paid leave; 

  
 4 

 (viii) Any existing or potential agreement, contract, representation, policy, procedure, or
statement (whether any of the foregoing are express or implied, oral or written); 
 (ix) Claims arising under any other federal, state or
local fair employment practices law, disability benefits law, and any other employee or labor relations statute, executive order, law, ordinance, regulation or order and any duty or other employment-related obligation, including any claims arising
from any other type of statute, executive order, law or ordinance; 
 (x) Claims arising from contract or public policy, as well as tort,
tortious cause of conduct, breach of contract, intentional infliction of emotional distress, negligence, discrimination, harassment, and retaliation, together with all claims for monetary and equitable relief, punitive and compensatory relief and
attorneys’ fees and costs; and 
 (xi) The federal or any state constitution. 

(b) Employee understands and agrees that he is releasing the Releasees from any and all claims by which he is giving up the opportunity to
recover any compensation, damages, or any other form of relief in any proceeding brought by Employee or on Employee’s behalf. Employee understands that this release expressly includes all claims that could have been raised in a federal, state,
county or local court and that this release also includes all claims for attorneys’ fees and any other remedy that could have been sought in connection with any of the released claims. 

(6) Waiver of Unknown Claims. Employee specifically agrees that this Agreement extends to unknown or unsuspected past, present or
future rights, claims, injuries or damages of every nature and kind arising from or attributable to Employee’s employment with API that Employee might not be aware of at this time. Employee waives the rights or benefits of Section 1542 of the
California Civil Code, which provides as follows: 
 A general release does not extend to claims which the creditor does not know or suspect
to exist in his/her favor at the time of executing the release, which if known by him/her must have materially affected his/her settlement with the debtor. 

Employee expressly waives and releases as set forth above any right to benefits that Employee may have under California Civil Code § 1542 to the fullest
extent Employee may do so lawfully. Employee further acknowledges that Employee may later discover facts different from or in addition to those facts now known to Employee or believed by Employee to be true with respect to any or all of the matters
covered by this Agreement, and Employee agrees that this Agreement nevertheless shall remain in full and complete force and effect. 
 (7)
Claims Not Waived. 
 (a) Notwithstanding anything to the contrary in Sections (5) and (6) hereof, this release does
not extend and is not intended to (i) waive or bar any claim or right which may not by operation of law or regulation be waived or barred; or (ii) extend to any obligations 

  
 5 

 
incurred under this Agreement. This release in no way affects any rights Employee may have, if any, under any laws providing for continuation of health insurance or under API’s pension plan
or 401(k) plan. However, no elective deferrals into the 401 (k) plan may be made by Employee from the severance pay provided for in this Agreement. 

(b) Nothing in this Agreement, including, but not limited to, the non-disparagement provision in Section (9)(e),
prevents Employee from filing a charge with the Equal Employment Opportunity Commission (“EEOC”), the National Labor Relations Board (“NLRB”), the California Department of Fair Employment and Housing
(“DFEH”), or any other federal, state or local government agency, or otherwise cooperating with or providing information to any such agencies. However, this Agreement does prohibit Employee from obtaining any personal or
monetary relief for himself based on such a charge or based on Employee providing information to or cooperating with the EEOC, NLRB, DFEH, or any other federal, state, or local government agency. 

(8) No Other Claims Pending. Employee represents that he has no lawsuits, claims, or actions pending in his name, or on behalf of
any other Person, against API or any of the Releasees. Employee also represents that he does not intend to bring any claims on his own behalf or on behalf of any other Person against API or any of the Releasees. 

(9) Non-Disclosure; Return of Property; Non-Disparagement; Non-Solicitation. 

(a) Employee agrees that, as a result of his position with API, he had access to and/or acquired or assisted in the development of certain
sensitive, private, proprietary or confidential information, inventions and trade secrets relating to present or anticipated business and operations of API, including, without limitation, all materials and information (whether written or not) about
API’s current, prior, or prospective services or business activities, formulae, products, processes, research, plans, system designs, system applications, customers, Affiliates, personnel, finances, purchasing, sales, marketing and markets,
accounting, customer lists, business contracts, agreements, licenses, costs, pricing, profits, improvements, discoveries, software, business methods and formulas, inventions, and other business aspects of API (including, but not limited to,
information concerning, relating to, or arising out of relationships with customers, independent sales agents, lenders, investors or other business affiliates and “Confidential Information” as defined in that certain Confidentiality and
Intellectual Property Agreement between Employee and API dated March 1, 2011), which are not generally known and accessible to the public at large or which provide API with a competitive advantage (collectively, “Confidential
Information”). Employee hereby agrees that he has kept and will keep all such Confidential Information secret and shall retain such Confidential Information in the strictest confidence, and shall not use or disclose, directly or indirectly,
any Confidential Information to anyone without first obtaining prior written authorization to do so from API. Notwithstanding the foregoing, nothing in this Agreement shall prevent Employee from disclosing Confidential Information (i) that
becomes publicly available other than as a result of a breach of this Agreement or (ii) in response to any subpoena or court order, provided, however, that prior to making any such disclosure, Employee shall provide API with written notice of the
subpoena, court order or similar legal process sufficiently in advance of such disclosure to afford API a reasonable opportunity to challenge the subpoena, court order or similar legal process. 

  
 6 

 (b) By signing this Agreement, Employee agrees that he has not disclosed or used Confidential
Information in violation of this Agreement and that he will not do so in the future. API does not intend to limit Employee in any way from seeking employment or conducting business so long as Employee does not use or disclose the Confidential
Information covered by this Section (9) and so long as Employee does not violate any other provision contained within this Agreement. Employee certifies and declares that he already has returned or shall return to the custody of API all
Confidential Information, company property and Company Documents, as well as any copies of Confidential Information, company property, and Company Documents, in his possession by the Separation Date. For purposes of this Agreement, the phrase
“Company Documents” is defined to include any writings, documents, contracts, records, files, tape recordings, correspondence, photographs, communications, summaries, data, notes, memoranda, diskettes, business plans, price books,
or any other source containing information which relates to or references API and which was provided by API or obtained as a result of Employee’s relationship and/or employment with API. 

(c) During the twenty-six (26) week period following the Separation Date (the “Restricted Period”), Employee will not,
whether on Employee’s own behalf or on behalf of or in conjunction with any Person, directly or indirectly: 
 (i) engage in any
business that competes with the businesses of API (including, without limitation, businesses which API has specific plans to conduct in the future and in connection with which API has expended more than nominal time and/or capital and as to which
plans Employee is aware) in any geographical area in which API produces, manufactures, sells, leases, rents, licenses or otherwise provides its products or services (a “Competitive Business”); 

(ii) enter the employ of, or render any services to, any Person (or any division or Affiliate of any Person) who or which engages in a
Competitive Business; 
 (iii) acquire a financial interest in, or otherwise become actively involved with, any Competitive Business,
directly or indirectly, including, but not limited to, as an individual, partner, member, manager, shareholder, officer, director, principal, agent, trustee or consultant; or 

(iv) interfere with, or attempt to interfere with, business relationships (whether formed before, on or after the date of this Agreement)
between API and customers, clients, contractors, managers, consultants, suppliers or investors of API. 
 (d) Notwithstanding anything to
the contrary in this Agreement, Employee may, directly or indirectly, own, solely as an investment, securities of any Person engaged a Competitive Business which are publicly traded on a national or regional stock exchange or on the over-the-counter
market if Employee (i) is not a controlling Person of, or a member of a group which controls, such Person and (ii) does not, directly or indirectly, own five percent (5%) or more of any class of securities of such Person. 

(e) Employee will not, directly or indirectly (either through Employee’s own efforts or through the efforts of any third Person) make or
publish, or cause to be made, any 

  
 7 

 
statement, observation or opinion, whether oral or written, that (i) criticizes, disparages, defames, or otherwise impugns the character, integrity or reputation of API or any of the Releasees;
or (ii) accuses or implies that API or any of the Releasees engaged in any wrongful, unlawful or improper conduct, whether relating to Employee’s employment with API (or the termination thereof), the business or operations of API, or otherwise.

 (f) During the Restricted Period, neither Employee nor any business in which Employee may engage or participate will (i) knowingly hire,
solicit for hire or attempt to hire any employee of API, or (ii) encourage any employee of API to terminate its employment with API. For purposes of the Agreement, “employee of API” means current employee of API, as well as
anyone employed by API within the twelve- (12-) month period prior to the Separation Date; provided, that this provision shall not preclude Employee or any business in which Employee may engage or participate from soliciting any such employee of API
by means of or hiring any such employee who responds to a public announcement placed by the business as long as Employee otherwise complies with the provisions of this Section (9)(f). 

(g) Employee will not directly or indirectly seek to cause any Person to discontinue and/or limit its current relationship with API. 

(10) Successors. This Agreement shall apply to Employee, as well as to his heirs, executors, administrators, successors and
permitted assigns. This Agreement also shall apply to, and inure to the benefit of API and its successors and permitted assigns. 

(11) Validity. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid
under applicable law, but if any provision, or part thereof, of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will
not affect any other provision in any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. If any court
determines that any provision hereof is unenforceable because of the duration or scope of such provision, such court shall have the power to reduce the scope or duration of such provision, as the case may be, and, in its reduced form, such provision
shall then be enforceable. 
 (12) Applicable Law. This Agreement shall be interpreted, enforced and governed under the laws of
the State of Florida, without giving effect to principles of conflicts of law that would require or permit the application of the laws of another jurisdiction. 

(13) Further Assurances. The parties agree to execute such further documents and instruments and to take such further actions as
may be reasonably necessary to carry out the purposes and intent of this Agreement. 
 (14) Nonwaiver. Any waiver by API of a
breach of any provision of this Agreement by Employee shall be in writing and shall not operate or be construed as a continuing waiver or waiver of any subsequent breach by Employee. 

(15) Complete Agreement. This Agreement sets forth the complete agreement between the parties relating to the subject matter
hereof. Employee acknowledges and agrees 

  
 8 

 
that, in executing this Agreement, Employee does not rely and has not relied upon any representations or statements not set forth herein made by API with regard to the subject matter, basis, or
effect of this Agreement or otherwise. Notwithstanding the foregoing, nothing in this Agreement is intended to nor shall limit, supersede, nullify, or affect any other duty or responsibility Employee may have or owe to API by virtue of any
separate agreement or obligation. 
 (16) Counterparts. Employee and API agree that this Agreement may be executed in
counterparts, and that facsimile, PDF or copy signatures shall be as effective as original signatures. 
 (17) Remedies. 

(a) Injunctive Relief. Employee admits and agrees that Employee’s breach of any of the provisions of Section (9) of this
Agreement would result in irreparable and continuing harm to API for which an adequate remedy at law would not exist, as the damages may not be fully ascertainable. Accordingly, in the event of Employee’s breach or threatened breach of
Section (9) of this Agreement, Employee agrees that API shall be entitled to an injunction restraining such breach or threatened breach, without regard to any requirement for the posting of a bond or any other security by API in connection
therewith. Further, in the event of Employee’s breach, the duration of the restrictive covenants above (if applicable) shall be extended for the entire time that the breach existed so that API is provided with the benefit of the full time
period provided for herein. 
 (b) Other Remedies. In addition to injunctive relief, API is entitled to any other remedy available in
law or equity by reason of Employee’s breach or threatened breach of any of the provisions of this Agreement. 
 (c) Loss of
Benefits and Repayment of Costs. In the event Employee (i) breaches or violates the commitments Employee has made under this Agreement or (ii) brings an action, suit, claim or other proceeding challenging the validity or enforceability of
this Agreement, Employee shall no longer be entitled to the benefits of this Agreement, including under Section (4) hereof, and shall be required to tender back to API the consideration paid to Employee pursuant to this Agreement, including,
but not limited to, repaying the amount paid to Employee pursuant to Section (4)(a) hereof and assigning the shares of common stock of API received by Employee pursuant to the accelerated vesting of Employee’s Restricted Stock Units
pursuant to Section (4)(c) hereof to API. If API successfully brings an action for Employee’s breach or violation of the terms of this Agreement or Employee’s action, suit, claim or other proceeding challenging the validity or
enforceability of this Agreement is unsuccessful, Employee further agrees that he will pay all actual costs, expenses and reasonable attorneys’ fees incurred by API in API’s successful prosecution of API’s action for breach or
violation of this Agreement or API’s successful defense against the proceeding challenging the validity or enforceability of this Agreement. Notwithstanding the foregoing, this Section (17)(c) will not be applicable if Employee brings an
action, suit, claim or other proceeding challenging the validity or enforceability of this Agreement under the Age Discrimination in Employment Act (the “ADEA”) (which Employee may do without penalty under this Agreement). 

  
 9 

 (18) Assignment. Employee does not have the power to assign his rights or obligations
under this Agreement, or any portion thereof, to any other Person, without the express written consent of API; provided, however, that Employee may assign Employee’s right to receive payments under Section (4)(a) of this Agreement to
Employee’s spouse and/or descendants (whether natural or adopted) without the express written consent of API. API expressly reserves the right to assign this Agreement to a parent, Affiliate, or successor entity of API, including the rights
pertaining to the restrictive covenants itemized in Section (9) of this Agreement. 
 (19) Forum Selection. THE PARTIES
HEREBY SUBMIT TO THE EXCLUSIVE PERSONAL JURISDICTION AND EXCLUSIVE VENUE OF THE FEDERAL AND STATE COURTS LOCATED IN ORANGE COUNTY, FLORIDA IN CONNECTION WITH ANY AND ALL DISPUTED MATTERS BASED UPON, RELATED TO OR ARISING OUT OF THIS AGREEMENT OR ANY
OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY AGREES THAT ANY SUCH DISPUTED MATTER SHALL BE RESOLVED IN THE COURTS IN ORANGE COUNTY, FLORIDA, AND EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE CLAIM OR
DEFENSE THAT SUCH COURTS CONSTITUTE AN INCONVENIENT FORUM. 
 (20) Waiver of Jury Trial. TO THE EXTENT NOT PROHIBITED BY
APPLICABLE LAW THAT CANNOT BE WAIVED, EACH OF THE PARTIES HERETO WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING
ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. 

(21) Required Notifications Under the Older Worker Benefit Protection Act. By my signature below, I, the Employee, acknowledge:

 (a) That I am releasing claims that I may have under the ADEA; 

(b) That I have read and fully understand the terms of this Agreement; 

(c) That I have agreed to execute this Agreement knowingly and voluntarily; 

(d) That I have the right to consult with an attorney prior to executing this Agreement; 

(e) That I am releasing only those claims arising prior to the date that I execute this Agreement; 

(f) That I have twenty-one (21) days in which to consider this release of claims under the ADEA, which I acknowledge to be a reasonable and
sufficient period of time for review, deliberation and negotiation; 

  
 10 

 (g) That I may revoke my release of claims under the ADEA for a period of seven (7) days from the
date of my execution of this Agreement by delivering a written notice of revocation addressed and delivered to API Technologies Corp., 4705 S. Apopka Vineland Road, Suite 210, Orlando, Florida 32819, Attn: Chairman of the Board, or to such other
address designated by API in writing; 
 (h) This Agreement shall not become effective, therefore, and none of the payments set forth in
this Agreement shall become due until I have executed the Agreement and the seven- (7-) day revocation period has expired without revocation being exercised; and 

(i) That I have full knowledge of the implications of my settlement and release of claims. 

[Remainder of Page Intentionally Left Blank; Signature Page Follows] 

  
 11 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Separation Agreement
and Release as of the date first above written. 
  

									
	EMPLOYEE	 		 	API TECHNOLOGIES CORP.
				
	 /s/ Bel Lazar
	 		 	By:	 	 /s/ Brian Kahn

	Bel Lazar	 		 		 	Name:	 	Brian Kahn
		 		 		 	Title:	 	Chairman of the Board of Directors

 [Signature Page to Separation Agreement and Release]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00255-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00255-of-00352.parquet"}]]