Document:

THIS
PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO SALE OR DISPOSITION MAY BE EFFECTED EXCEPT
IN COMPLIANCE WITH RULE 144 UNDER SAID ACT OR AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY
TO MAKER THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE
COMMISSION.

 

UNSECURED
PROMISSORY NOTE

 

Issuance
Date: May 17, 2014, 11:59 P.M.

Principal
Amount: $2,367,466

 

For
value received, Staffing 360 Solutions, Inc., a Nevada corporation (“Maker”), promises to pay to Linda
Moraski (“Payee”) the principal sum of $2,367,466, together with interest accrued but unpaid thereon,
at the rate and on the terms set forth below in this promissory note (this “Note”). The date of this
Note is as of 11:59 P.M. on May 17, 2014 (the “Issuance Date”). This Note is being issued in connection
with that certain Stock Purchase Agreement, dated as of 11:59 p.m. on May 17, 2014 (the “Purchase Agreement”),
by and among Payee, PeopleSERVE, Inc. a Massachusetts corporation, PeopleSERVE PRS, Inc., a Massachusetts corporation, and Maker.
All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Purchase Agreement. The
principal amount of this Note, and the dollar amount of the Monthly Installments (as defined below) may be increased or decreased,
as the case may be, in accordance with Section 2.6 of the Purchase Agreement.

 

1.          Repayment.
All payments of interest and principal shall be in lawful money of the United States of America in immediately available funds,
at the address of Payee on the books of Maker or at such other place, or by wire transfer of funds to such account of Payee, as
Payee may designate in writing to Maker. Unless this Note is paid or otherwise satisfied in full as set forth herein, and unless
a Suspension of Payment occurs and is continuing and otherwise subject to Section 3 of this Note, payments of principal
shall be made in monthly installments in the monthly amount of one-thirty-sixth (1/36th) of the principal due on the
Issuance Date (the “Monthly Installment”), and any remaining principal amount of, and all unpaid accrued
interest on, this Note shall be due and payable on the thirty-six (36) month anniversary of the Issuance Date (the “Maturity
Date”); provided, however, that in the event that a Suspension of Payment occurs pursuant to Section
3 below, for each month that a Suspension of Payment is in effect (each, a “Suspension Month”), the
Maturity Date shall be extended after the thirty-six (36) month anniversary for another month, up to an aggregate total of six
(6) months (the Maturity Date after such six (6) month extension, the “Final Maturity Date”). The Monthly
Installments shall be applied to principal under this Note, but all other payments or deemed payments, including any offsets under
Section 7 hereof, shall be applied first to any accrued and unpaid interest on principal amounts previously paid, then to
accrued interest on unpaid principal, and thereafter to any remaining unpaid principal.

 

2.          Interest
Rate and Payments; No Security Interest. Interest on the outstanding principal amount shall accrue daily at a rate equal
to six percent (6%) per annum. Interest will be calculated on the basis of a 365-day year for the actual number of days elapsed.
So long as there is no Suspension of Payment, interest will accrue from the date hereof until the outstanding principal amount
is paid or otherwise satisfied in full or forfeited pursuant to Section 3. The Monthly Installment shall be payable on a
monthly basis, no later than the fifteenth (15th) day of such month (a “Payment Date”), and such Monthly
Installments shall begin on the first such Payment Date which shall be begin in June, 2014. On the Maturity Date (as it may be
extended pursuant to Section 1 as a result of any Suspension of Payment), Maker will pay all remaining principal hereof
and accrued but unpaid interest, subject to Section 3 below. Whenever any payment or other obligation hereunder shall be
due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day. This Note is subject to
the express condition that at no time shall Maker be obligated or required to pay interest on the principal balance at a rate which
could subject Maker to Payee to either civil or criminal liability as a result of being in excess of the maximum rate which Maker
is permitted by applicable law to contract or agree to pay. If by the terms of this Note, Maker is at any time required or obligated
to pay interest on the principal balance at a rate in excess of such maximum rate, the rate of interest under this Note shall be
deemed to be immediately reduced to such maximum rate and interest payable hereunder shall be computed at such maximum rate. This
Note is an unsecured promissory note.

 

    	 

    	 

    

 

3.          Suspension
of Payments. Notwithstanding any other provisions of this Note, payments of principal due hereunder shall immediately be
suspended and no interest shall continue to accrue on any unpaid principal amounts (a “Suspension of Payment”)
if the Gross Profit for any trailing twelve (12) full fiscal month period after the Issuance Date (the “TTM”)
is less than eighty percent (80%) of the Closing Gross Profit (the “Target Gross Profit”); provided,
that in the event that Payee’s employment with PS is terminated (i) by Payee for Good Reason (as such term is defined in
the Employment Agreement, dated as of the date hereof, by and between Payee and PS (the “PS Employment Agreement”))
or (ii) by PS without Cause (as such term is defined in the PS Employment Agreement) (other than due to Payee’s death or
disability), the Target Gross Profit for all periods from and after the effective date of such termination of employment (the “Termination
Date”) shall be equal to sixty (60%) of the Closing Gross Profit . Payment of principal shall only be reinstated,
and accrual of interest on unpaid principal amounts shall recommence, when the Gross Profit for the TTM equals or exceeds the Target
Gross Profit; provided, however, that no such suspension shall occur if the shortfall in Gross Profit referred to
in the prior clause directly results from (a) legal or regulatory action by a Governmental Authority (excluding any action relating
to a Government Contract or that is caused by a default or violation of applicable Law by Payee or either Company or their respective
Subsidiaries) that directly impacts the Companies and/or their respective Subsidiaries in a materially negative manner or (b) is
attributable to or is decreased directly as a result of any act, omission, transaction or arrangement carried out by or at the
written request of Maker over the reasonable written objection of Payee. Notwithstanding anything to the contrary contained in
this Note, in the event that there are more than six (6) Suspension Months in the aggregate (whether or not consecutive) under
this Note on or prior to the Final Maturity Date, then: (i) on the Final Maturity Date, Maker shall pay to Payee the Monthly Installment
due on the Final Maturity Date (unless a Suspension of Payment has occurred for such month), together with all interest accrued
on the principal amount of this Note paid from the Issuance Date through and including the Final Maturity Date (but excluding any
interest which did not accrue due to any Suspension of Payment as set forth in the first sentence of this paragraph); and (ii)
all remaining principal of this Note and any accrued interest attributable to such remaining principle shall be cancelled and forfeited
by Payee and be deemed to be null and void, and no further interest shall accrue thereon. For purposes hereof: (i) “Gross
Profit” shall mean, with respect to any applicable period, the consolidated Revenues of the Companies and their respective
Subsidiaries, if any, less the consolidated direct Costs of Services of the Companies and their respective Subsidiaries, calculated
in accordance with GAAP as consistently applied by Maker, and with the Companies and their Subsidiaries, if any, being consolidated
as if they were wholly-owned by the same stockholder for such calculations; (ii) “Revenue” shall mean,
as determined in accordance with GAAP as consistently applied by Maker and its Subsidiaries, all revenue from the operation of
the businesses of the Companies and their respective Subsidiaries, if any, from whatever source, including without limitation:
(A) revenue for temporary services (recognized at the time that the service is provided and revenue is recorded on a time and materials
basis); (B) temporary contracting revenue (recognized as gross when a Company acts as principal in the transaction and is at risk
for collection); (C) revenue that does not meet the criteria for gross revenue reporting (reported on a net basis); (D) revenue
generated when a Company permanently places an individual with a client on a contingent basis (recorded at the time of acceptance
of employment); and (E) revenue generated when a Company places an individual with a client on a retained basis (recorded ratably
over the period the services are rendered); (iii) “Cost of Services” means the direct costs to generate
the Revenues, including payroll expenses to independent contractors, payroll burdens, payroll taxes and insurance obligations and
reimbursable expenses, as determined in accordance with GAAP as consistently applied by Maker and its Subsidiaries; and (iv) “Closing
Gross Profit” means the Gross Profit for the trailing twelve (12) full fiscal month period ending April 26, 2014.
For purposes of calculating the Gross Profit, if at any time while any obligations remain outstanding under this Note, (i) PS is
not operated as a separate subsidiary of Maker, but is merged into Maker or a Subsidiary or Affiliate of Maker, and/or (ii) PRS
is not operated as a stand-alone company, but is merged into Maker or a Subsidiary or Affiliate of Maker other than PS or its Subsidiaries,
the Gross Profit will include the division(s) or other internal organization(s) of Maker (and/or such Subsidiary or Affiliate)
which includes the business formerly conducted by PS and/or PRS. For illustration purposes, the calculation of Gross Profit for
PS, as set forth on PS’s year-to-date P&L statement dated as of April 26, 2014 is as set forth on Exhibit A hereto.
Any ambiguities in the calculation of the Gross Profit shall be determined in a manner consistent with Exhibit A, or if
there is a change in GAAP after the Issuance Date such that the manner contemplated by Exhibit A is no longer in compliance
with GAAP, then in such manner that is as close as possible to that contemplated under Exhibit A that is in compliance with
the new GAAP principles. In the event any such change in GAAP causes the manner of calculating Gross Profit going forward to differ
significantly from the manner in which the Closing Gross Profit was previously calculated, the parties shall adjust the Closing
Gross Profit by re-calculating the Gross Profit for the trailing twelve (12) full fiscal month period ending April 26, 2014 as
if such new GAAP requirements were in effect at the time.

 

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4.          Procedures
for Determining Gross Profit. Together with each Monthly Installment (or if no Monthly Installment is to be paid for such
month as a result of a Suspension of Payment as determined by Maker, within fifteen (15) days after the end of each fiscal month),
Maker will prepare and deliver to Seller a written statement (each, a “Gross Profit Statement”) that
sets forth Maker’s determination in accordance with the terms of this Note of the Gross Profit for the fiscal month most
recently ended (the “Subject Month”) and the TTM ending as of the Subject Month (the “Subject
TTM”), and whether or not a Suspension of Payment has occurred for the Subject Month. Seller and its Representatives
will provide Maker and its Representatives with reasonable access to the books and records, personnel and properties of PRS and
its Subsidiaries, if any, and any other information of PRS or its Subsidiaries, if any, that Maker reasonably requests in connection
with Maker’s preparation of each Gross Profit Statement. In the event that Maker notifies Payee that there is a Suspension
of Payment for the Subject Month, Seller will have the right to have an independent certified public accountant (the “CPA”)
review and inspect the records of PS and PRS (any any other records of Maker or its Subsidiaries to the extent relating to the
Gross Profit determination) and their respective Subsidiaries, if any, for the Subject Month and the Subject TTM for the purpose
of determining the accuracy of the Gross Profit Statement and the Gross Profit calculated therein by delivering written notice
thereof within fifteen (15) days after the delivery of the Gross Profit Statement for the Subject Month. The CPA selected to conduct
such review must be acceptable to both Maker and Seller (provided, that if the CPA does not accept its appointment or Maker and
Seller cannot agree on the CPA, in either case within ten (10) days after Maker’s receipt of the notice from Seller requesting
the CPA, either Maker or Seller may require, by written notice to the other, that the CPA be selected by the New York City Regional
Office of the American Arbitration Association in accordance with the procedures of the American Arbitration Association). Each
party will execute a reasonable and customary engagement letter with the CPA with respect to its review that is consistent with
the terms of this Section 4 (including the responsibility of the parties for the CPA’s costs and expenses). In connection
with the CPA’s review, (i) Maker will permit the CPA, upon reasonable prior written notice, to have access during normal
business hours to such records and finance personnel of PS and its Subsidiaries, if any (and any other records of Maker and its
Subsidiaries to the extent relating to the determination of Gross Profit and Subject TTM), and (ii) Seller will permit the CPA,
upon reasonable prior written notice, to have access during normal business hours to such records and finance personnel of PRS
and its Subsidiaries, if any, in either case of clauses (i) or (ii), as may be reasonably necessary to verify Maker’s calculation
of the Gross Profit hereunder for the Subject Month and the Subject TTM, including their books, records and working papers. The
CPA will promptly and diligently conduct its review and will provide its final determination with respect to the Gross Profit and
the Subject TTM, and whether or not the Suspension of Payment was properly instituted, in writing to each party within thirty (30)
days after its engagement. Each party will use its commercially reasonable efforts to permit the CPA to timely complete its review.
In the event that the CPA reasonably determines that there should not have been a Suspension of Payment for the Subject Month,
(i) the parties will be bound by such determination, (ii) Maker shall be responsible for the reasonable fees and expenses charged
by the CPA with respect to its review of the Subject Month and the Subject TTM, (iii) Maker will pay to Seller the Monthly Installment
for the Subject Month within fifteen (15) days after Maker’s receipt of the CPA’s written report and (iv) interest
with respect to the Monthly Installment for the Subject Month shall be reinstituted retroactively to the date of Suspension of
Payment, and continue to accrue as if there had been no Suspension of Payment for the Subject Month. In the event that the CPA
reasonably determines that the Suspension of Payment for the Subject Month was properly instituted, (i) the parties will be bound
by such determination, (ii) Seller shall be responsible for the reasonable fees and expenses charge by the CPA with respect to
its review of the Subject Month and the Subject TTM, and (iii) the provisions of Section 3 will apply to such Subject Month.
Any calculations of Gross Profit for any subsequent fiscal month that includes the Subject Month or any portion of the Subject
TTM in the TTM for such subsequent month will apply the determinations of the CPA with respect to the Subject Month and the portion
of the Subject TTM that is included in the TTM for such subsequent month. Notwithstanding the foregoing in this Section 4,
the CPA shall not make any determinations with respect to the matters described in proviso to the first sentence of Section
3 of this Note, and any determination made by the CPA shall be further subject to such proviso.

 

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5.          Prepayment.
Maker may, in its discretion, prepay this Note in whole or in part prior to the Maturity Date.

 

6.          Events
of Default and Remedies.

 

(a)          Events
of Default. Each of the following shall constitute an “Event of Default”:

 

(i)          the
failure of Maker to pay or otherwise satisfy any amounts due under this Note when due (subject to the Suspension of Payment provided
for in Section 3 and the procedure for resolving any disputes), which failure is not cured within ten (10) Business Days
after written notice of such failure is received by Maker from Payee;

 

(ii)         the
material default by Maker of any of its other material covenants or agreements under this Note, or the material breach by Maker
of its representations made under Section 5.4 of the Purchase Agreement, which material default or material breach is not cured
within thirty (30) Business Days after written notice of such material default or material breach is received by Maker from Payee;

 

(iii)        a
decree, judgment, or order by a court of competent jurisdiction shall have been entered adjudging Maker as bankrupt or insolvent,
or approving as properly filed a petition seeking reorganization of Maker under any bankruptcy or similar law, and such decree
of order shall have continued undischarged and unstayed for a period of ninety (90) days; or a decree or order of a court of competent
jurisdiction ordering the appointment of a receiver, liquidator, trustee, or assignee in bankruptcy or insolvency of Maker, or
for the winding up or liquidation of the affairs of Maker, shall have been entered, and such decree, judgment, or order shall have
remained in force undischarged and unstayed for a period of sixty (60) days;

 

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(iv)        Maker
shall institute proceedings to be adjudicated a voluntary bankrupt, or shall consent to the filing of a bankruptcy proceeding against
it, or shall file a petition or answer or consent seeking reorganization under any bankruptcy or similar law or similar statute,
or shall consent to the filing of any such petition, or shall consent to the appointment of a custodian, receiver, liquidator,
trustee, or assignee in bankruptcy or insolvency of it or any of its assets or property, or shall make a general assignment for
the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due;

 

(v)         the
dissolution, termination of existence or liquidation of Maker (other than in connection with an internal corporate reorganization
or a change of control of Maker, in either case, in which the successor to Maker assumes all of Maker’s obligations under
this Note); or

 

(vi)        any
of the following transactions shall be consummated without the consent of Payee, except in each case if taken in connection with
a sale of all or substantially all of the assets of Maker and its Subsidiaries, taken as a whole, or otherwise in connection with
a change of control of Maker (provided, that, in each case, if not assumed as a matter of law, the obligations of Maker under the
Note are expressly assumed in writing by the acquirer or its affiliate in such transaction): (A) the merger or consolidation of
PS with any other Person (other than a wholly-owned subsidiary of PS where PS is the surviving entity); (B) the sale of all or
substantially all of the assets of PS and its Subsidiaries, taken as a whole, to any other Person (other than a wholly-owned subsidiary
of PS where PS is the surviving entity); (C) the sale of a majority of the equity interests of PS to any Person (other than an
Affiliate of Maker); or (D) the liquidation, dissolution, or termination of the existence of PS.

 

(b)          Acceleration
of Maturity Date. If an Event of Default occurs and is continuing, then Payee, by providing written notice to Maker (an “Acceleration
Notice”), may declare all of the outstanding principal under this Note, together with all interest that has accrued
thereon and on the principal of the Note that has previously been paid, to be due and payable immediately; provided, that
if at the time when Maker receives an Acceleration Notice there has been more than six (6) Suspension Months in the aggregate (whether
or not consecutive) under this Note, the principal amounts under this Note attributable to each Suspension Month in excess of the
sixth Suspension Month, along with the accrued interest attributable to such principal amounts, shall not be accelerated, and such
obligations shall be cancelled forfeited by Payee upon delivery of such Acceleration Notice); and provided, further,
that the amounts described above shall immediately accelerate and become due without the requirement of an Acceleration Notice
or any other action on the part of Payee upon the occurrence of any Event of Default listed in clause (iii), (iv) or (v) of Section
6(a).

 

7.          Right
to Set-Off. The obligations of Maker under this Note may be offset as set forth in Article VII of the Purchase Agreement.

 

8.          Attorneys’
Fees. Except with respect to the costs of the review by the CPA as set forth in Section 4, the non-prevailing party
to any claim that is finally determined under this Note will pay its own expenses and the reasonable documented out-of-pocket expenses,
including reasonable attorneys’ fees and costs, reasonably incurred by the other party. For purposes of this Section 8,
in any claim hereunder in which the requirement to make a payment or the amount thereof is at issue, in the event that the final
determination of the court does not specifically award costs and expenses based on this Section 8, the party seeking such
payment will be deemed to be the non-prevailing party unless the applicable court of competent jurisdiction awards such party more
than one-half (1/2) of the amount in dispute, in which case, the party against whom payment is sought shall be deemed to be the
non-prevailing party.

 

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9.          No
Transfer of Rights to Receive Payments. Without limiting anything contained in this Note, without the prior written consent
of Maker (which may be withheld in its sole discretion), Payee shall not transfer, assign, convey or subject to any Lien any of
Payee’s rights under this Note to receive any payments; provided, that this Section 9 shall not prevent transfers
of such rights by Payee to (i) Payee’s estate or heirs (by will or intestate succession) upon Payee’s death or (ii)
one or more trusts for the benefit of the immediate family members of Payee, provided that, in each case, the transferee acknowledges
and agrees to the terms, conditions and obligations set forth in this Note.

 

10.         Incorporation
of Purchase Agreement Provisions. The parties hereby agree that Sections 9.2 through 9.12 of the Purchase Agreement are
hereby incorporated herein as if set forth in this Agreement, with any reference to the Purchase Agreement therein referring to
this Note instead.

 

11.         Entire
Agreement. This Note (and to the extent incorporated herein, the Purchase Agreement) constitutes the entire agreement between
the parties with respect to the subject matter hereof and referenced herein, and supersedes and terminates any prior agreements
or understanding between the parties or their respective Affiliates (written or oral) with respect to the subject matter hereof.

 

[Remainder
of page intentionally left blank; signature page follows]

 

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IN WITNESS WHEREOF,
Maker has caused this Unsecured Promissory Note to be duly executed and delivered as of the date first set forth above.

 

	 	 	STAFFING 360 SOLUTIONS, INC.
	 	 	 
	 	 	By:	 
	 	 	 	Name:  Alfonso J. Cervantes
	 	 	 	Title:  Vice Chairman and President
	 	 	 
	Acknowledged and agreed as of the date first set forth above:
	 	 	 
	Payee:	 	 
	 	 	 
	 	 	 
	Linda Moraski	 	 

 

[Signature page
to Note]

 

    	 

    	 

    

 

Exhibit A

Sample Gross Profit
Calculation

 

See attachment.EMPLOYMENT AGREEMENT

 

This Employment Agreement
(this “Agreement”) is made and entered into as of May 17, 2014 (the “Effective Date”),
by and between PeopleSERVE, Inc., a Massachusetts corporation (the “Company”) and a wholly-owned
subsidiary of Staffing 360 Solutions, Inc., a Nevada corporation (“Parent”), and Linda Moraski (hereinafter,
“Executive”), whose principal address is set forth underneath Executive’s name on the signature
page hereto. The Company agrees to employ Executive and Executive hereby accepts employment with the Company as of the date hereof
upon the terms and conditions set forth below. Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Stock Purchase Agreement, dated as of the date hereof (the “Purchase Agreement”),
by and among Executive, the Company, PeopleSERVE PRS, Inc., a Massachusetts corporation (“PRS”), and
Parent. This Agreement is being entered into in connection with the transactions contemplated under the Purchase Agreement.

 

1.   
       Terms of Employment.

 

(a)         Title
and Duties. Commencing on the Effective Date upon the Closing, Executive shall be employed by the Company in the position of
President and Chief Executive Officer. Executive shall perform such duties as is customary for such position and such other duties
as may, from time to time, be assigned by the Company’s Board of Directors (the “Board”) or Executive’s
direct report. Executive will report directly to Parent’s Vice President Professional Services and Information Technology,
who as of the date of this Agreement is Steve Thompson.

 

(b)         General
Obligations of Executive. Executive hereby agrees that she will devote all of her working time and attention and give her best
effort and skill during normal working hours for a similarly situated executive with Executive’s level of responsibility
to the business and interests of the Company during the Term of this Agreement, and that she will perform such services, as may
from time to time be assigned to her, and shall use her best efforts to further enhance and develop the business of the Company.
Executive agrees that she will give full attention to and comply with all lawful rules and procedures as may be from time to time
promulgated by the Company and/or the Parent as applicable to the Company in their sole and absolute discretion.

 

(c)         Restrictions
on Executive. Subject to the exception in clause ‎(d) below and to the proviso in the last sentence of this paragraph,
Executive shall not, without the prior written consent of the Company or Parent, at any time during the Term of this Agreement:
(i) accept employment with, or render services of a business, professional or commercial nature to, any Person other than Parent
or the Company; (ii) engage in, own or provide financial or other assistance to any Person, venture or activity which the Company
may in good faith consider to be competitive with or adverse to Parent or the Company, whether directly or indirectly, alone or
with any other Person as a principal, agent, shareholder, participant, partner, promoter, director, officer, manager, employee,
consultant, sales representative or otherwise; or (iii) engage in any venture or activity which the Company may in good faith consider
to interfere with Executive’s performance of her duties. Executive shall make full and prompt written disclosure to the Company
of any business opportunity of which she comes aware and which relates to the business of Parent and/or the Company; provided,
however, that the provisions of this paragraph shall not apply to (x) ownership of up to three percent (3%) of the securities
of a publicly owned entity, (y) the ability of Executive to sit on the board of a charitable or educational non-profit organization
or (z) Executive’s involvement in, and work on behalf of, Tech Women Boston, so long, as in the case of each of clauses (y)
and (z), such activities do not negatively impact Executive’s performance of her obligations on behalf of the Company or
PRS.

 

    	 

    	 

    

 

(d)        PRS
Exception. The Company acknowledges that as of the date hereof, Executive is a fifty-one percent (51%) owner of, and an employee
holding the highest officer position at, PRS. Notwithstanding anything to the contrary contained in this Agreement, including this
Section ‎1, the Company acknowledges and agrees that, so long as either (x) Executive continues to own at least fifty-one
percent (51%) of the outstanding capital stock of PRS or (y) the Parent, the Company or their respective Affiliates collectively
own a majority of the outstanding capital stock of PRS, then (i) Executive shall be permitted to be employed by PRS, (ii) Executive’s
employment under this Agreement will not prevent Executive from devoting sufficient time and attention to the daily affairs of
PRS to control its management and daily business operations, (iii) such activities conducted by Executive for PRS will not be a
violation of this Section ‎1 and (iv) subject in all cases to any requirement in any agreement between PRS and any of
its customers that any Intellectual Property (as defined below) developed by PRS or its employees will be owned by, or must be
assigned to, such customer (“PRS Customer IP Requirements”), any Intellectual Property developed by Executive
in connection with Executive’s work on behalf of PRS will be owned by PRS (provided, that, subject to the PRS Customer
IP Requirements, the Company and its Affiliates will have a perpetual royalty-free license to use any such Intellectual Property).

 

2.   
      Duration of Employment. Unless sooner terminated pursuant to Section
‎4, the Company will employ Executive, and Executive will serve the Company, under the terms of this Agreement, for a
term of three (3) years commencing on the Effective Date (the “Term”); provided, however,
that commencing on the third (3rd) anniversary of the Effective Date, and on each anniversary of the Effective
Date thereafter, the Term of this Agreement shall be extended automatically for an additional one (1) year period unless at
least One Hundred Eighty (180) days prior to each such anniversary date, the Company or Executive shall have given notice
that it or she, as applicable, does not wish to extend the Term of this Agreement for such additional one (1) year
period.

 

3.           Compensation
and Benefits.

 

(a)          Base
Salary. Executive shall receive an annual base salary paid by the Company of One Hundred Twelve Thousand and Five Hundred U.S.
Dollars ($112,500) (the “Base Salary”). Your Base Salary shall be increased (but shall not be decreased)
at each anniversary of the Effective Date by the increase in the Consumer Price Index for all Urban Consumers (CPI-U) for the Northeast
Region for all items over the prior year on the same date, as determined and published by the U.S. Bureau of Labor Statistics.
Any other upward adjustments from time to time to the Base Salary shall be made at the sole and absolute discretion of the Board.
The annual Base Salary is payable bi-weekly (26 equal installments), or at such other time or times as executives of the Company
or Parent are normally paid (less the usual customary and lawful deductions).

 

(b)          Commission.

 

(i)          Executive
shall receive, in addition to her Base Salary, an annual commission (the “Commission”) equal to the sum
of (A) three percent (3%) of the Gross Profit (as defined in the Note) for such fiscal year (the “Base Commission”)
plus (B) two and one-half percent (2.5%) of the amount that the Gross Profit for such fiscal year exceeds the Closing Gross Profit
(as defined in the Note) (the “Additional Commission”);

 

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(ii)         The
Commission for each fiscal year of the Company during the Term shall be paid in cash in four (4) quarterly installments within
thirty (30) days after the end of each fiscal quarter based on the Gross Profit of the Company and PRS and their respective Subsidiaries,
if any, recognized in such quarter and for the fiscal year-to-date period. Any determination of Gross Profit under this Agreement
shall be made in good faith by the Board (excluding, to the extent applicable, Executive) using the methodology for determining
Gross Profit as described in Section 3 of the Note, including as set forth in Exhibit A to the Note. Such amounts shall be reconciled
at the end of each fiscal year with the actual Gross Profit for such year and, in the event that there is any adjustment (upward
or downward) to the Gross Profit following the payment of a Commission hereunder, the amount of Commission paid in the subsequent
installment(s) (or after the end of a fiscal year, the subsequent fiscal year) shall be increased or decreased for the adjusted
Commission resulting from such adjustment to the Gross Profit; provided, however, that in the event of termination
of this Agreement such that no further payments of Commission will become due under this Agreement, any aggregate increase for
the adjusted Commission (including any adjustments for prior periods that have not been paid, offset or otherwise satisfied) will
be paid by the Company to Executive, and any aggregate decrease for the adjusted Commission (including any adjustments for prior
periods that have not been paid, offset or otherwise satisfied) will be reimbursed by Executive to the Company, in each case, within
thirty (30) days after the date of such reconciliation. If there is a review by the CPA (as defined in the Note) under Section
4 of the Note for such fiscal year, then the reconciliation will be based on the CPA’s review in accordance with Section
4 of the Note; otherwise, the reconciliation will be performed by the Board in good faith.

 

(c)          Annual
Bonus Compensation. In addition to the Base Salary and Commissions, for each fiscal year of the Company during the Term, Executive
shall be eligible to earn a bonus calculated in accordance with Schedule 1 hereto, as determined in good faith by the Board
in accordance with the applicable performance criteria established in good faith by the Board within a reasonable time after the
commencement of each year, taking into account the business plan for such year. Any annual bonus earned by Executive hereunder
shall be paid no later than ninety (90) days of the commencement of the following fiscal year (or if later, five (5) Business Days
after the completion of the fiscal audit of the Company for such fiscal year).

 

(d)          Benefits.
Executive (and Executive’s immediate family) shall be entitled to participate in all health, welfare and other benefit programs
adopted and/or made available from time to time by Parent for the benefit of its senior executives (the “Benefits”);
provided, however, that the Benefits provided to Executive shall not contain less coverage or be less favorable to
Executive than those provided to Executive by the Company immediately prior to the Effective Date as disclosed to Parent in writing
in connection with the Purchase Agreement. These include, without limitation, the payment by the Company of 100% of the costs of
health insurance premiums, the cost of maintaining Executive’s primary car used by Executive for business transportation
and gas, tolls and other reasonable travel expenses incurred by Executive in connection with the business.

 

(e)          Fringe
Benefits. As an executive of the Company, Executive shall be eligible to participate in all executive fringe benefit programs
that are adopted and/or made available from time to time by Parent for the benefit of its senior executives and to participate
in such other non-discriminatory fringe benefit programs as Parent may generally make available to its other executive personnel.

 

(f)          Stock
Incentives. Executive shall be entitled to participate in any and all stock incentive programs offered to senior executives
of Parent that are consistent with those provided to senior executives of Parent.

 

(g)          Paid
Time Off. Executive shall be entitled to vacation and other paid time off in accordance with the Company’s standard vacation
and paid time off policies up until Parent’s Employee Benefit Policy takes effect, at which time Executive shall be entitled
to paid time off in accordance with Parent’s Employee Benefit Policy consistent with that which is generally provided to
senior executives of Parent; provided, that notwithstanding the foregoing, Executive shall be entitled to no less than twenty-five
(25) paid vacation days each fiscal year, plus customary paid holidays consistent with Company policies. Vacation time shall accrue
monthly on a pro-rata basis over the course of a year.

 

    	Page 3 of 13

    	 

    

 

(h)          Business
Expenses. The Company shall promptly reimburse Executive, or directly pay, for any and all necessary, customary and usual expenses,
properly documented with receipts in accordance with the Company’s policies and procedures, incurred by Executive on behalf
of the Company, including without limitation expenses incurred by Executive in connection with (i) the use of a mobile phone by
Executive, (ii) the entertainment of customers and potential customers and (iii) business travel by Executive; provided,
that Executive shall have obtained Company’s prior approval with respect to any expenses that are not in the ordinary course
of business. Executive, and not the Company, shall be entitled to keep her current mobile phone number.

 

(i)          Proration.
Any payments or benefits payable to Executive hereunder in respect of any fiscal year during which Executive is employed by the
Company for less than the entire year, unless otherwise provided in the applicable plan or arrangement (or is not payable upon
termination under the relevant provision of Section ‎4), shall be prorated in accordance with the number of days in
such fiscal year during which she is so employed.

 

4.     
    Termination of Executive’s Employment; Compensation upon Termination.
Executive’s employment hereunder may be terminated by the Company or Executive, as applicable, without any breach of
this Agreement, as follows:

 

(a)          Death.
Executive’s employment hereunder shall terminate upon her death. In such event, the Company shall pay to such Person as shall
have been designated in a notice filed with the Company prior to Executive’s death, or, if no such person shall have been
designated, to her estate: (i) Executive’s Base Salary, Commission and any bonus accrued through the Date of Termination
(as defined below) at the rate in effect at the time of death; (ii) all accrued and unused vacation days or other paid time off;
(iii) all fringe benefits payable under the terms of any executive benefit plan or other arrangement as of the Date of Termination
(items (i) through (iii) “Accrued Compensation and Benefits”); (iv) any payments which Executive’s
spouse, beneficiaries or estate may be entitled to receive pursuant to any insurance or executive benefit plan or other arrangement
or life insurance policy maintained by the Company or Parent as a death benefit for Executive’s behalf; and (v) a death benefit
equal to Executive’s Base Salary for a period of one hundred eighty (180) days.

 

(b)          Disability.
If, as a result of Executive’s incapacity due to physical or mental illness (as determined by a qualified independent physician
selected by the Board that is reasonably acceptable to Executive), Executive shall have been unable, with reasonable accommodation,
to perform the essential functions of her duties and responsibilities hereunder on a full-time basis for either (i) ninety (90)
consecutive calendar days, or (ii) one hundred and thirty-five (135) calendar days within any three hundred and sixty (360) consecutive
calendar days, and, at the end of such 90 or 135 day period, as the case may be, Executive shall not have returned to the performance
of her duties and responsibilities hereunder on a full-time basis (“Disability”), the Company may terminate
Executive’s employment hereunder. Executive agrees to cooperate with the independent physician in providing information and
submitting to medical examinations and tests. During any period that Executive fails to perform her duties and responsibilities
hereunder as a result of incapacity due to physical or mental illness, Executive shall continue to receive her Base Salary and
Base Commissions until Executive’s employment is terminated for Disability in accordance with this Section ‎4(b).
Upon such termination, Executive shall receive: (i) the Accrued Compensation and Benefits (at the rates in effect as of the date
the Notice of Termination (as defined below) is given) (provided, that with respect to Commissions and any accrued bonus, the Company
shall pay the amounts as estimated in good faith by the Board on the Date of Termination, subject to an upward or downward adjustment
thereafter based on the actual finally determined numbers); (ii) any disability insurance benefits Executive is entitled to receive;
and (iii) all other benefits required by any federal or state law requiring continuation of benefits, including COBRA insurance
benefits.

 

    	Page 4 of 13

    	 

    

 

(c)          Cause
or Voluntary Termination. If Executive’s employment shall be terminated either (A) by the Company for Cause or (B) voluntarily
by Executive other than for Good Reason, the Company shall pay Executive: (i) her Base Salary and Base Commission accrued through
the Date of Termination at the rate in effect at the time Notice of Termination is given (provided, that with respect to Commissions,
the Company shall pay the amounts as estimated in good faith by the Board on the Date of Termination, subject to an upward or downward
adjustment thereafter based on the actual finally determined numbers); and (ii) for all accrued and unused vacation days or other
paid time off. For the avoidance of doubt, under any such termination of employment described in this Section ‎4(c), Executive
shall not be entitled to receive any unpaid bonus.

 

(d)          Without
Cause or For Good Reason. If (A) the Company terminates Executive’s employment without Cause (other than due to death
or Disability), or (B) Executive shall terminate her employment for Good Reason (which termination shall be treated as if the Company
constructively terminated Executive’s employment without Cause), the Company shall pay Executive: (i) the Accrued Compensation
and Benefits (at the rates in effect as of the date the Notice of Termination is given) to be paid in one lump sum amount on the
Date of Termination (provided, that with respect to Commissions and any accrued bonus, the Company shall pay the amounts as estimated
in good faith by the Board on the Date of Termination, subject to an upward or downward adjustment thereafter based on the actual
finally determined numbers); (ii) severance in an amount equal to the greater of (a) Executive’s full annual Base Salary
plus Executive’s full annual base salary under Executive’s employment agreement with PRS (together with the Base Salary,
the “Combined Base Salary”) to be paid in one lump sum on the Date of Termination, or (b) Executive’s
full Combined Base Salary for the remainder of the Term (i.e., until the third (3rd) anniversary of the Effective Date)
(the “Severance Payment”) to be paid in one lump sum amount by the earlier of (x) thirty (30) days after
the Date of Termination and (y) one day after the expiration of any applicable revocation period for the Release (defined below);
and (iii) all other benefits required by any federal or state law requiring continuation of benefits, including COBRA insurance
benefits. Further, the Company shall not contest any claim by Executive for unemployment benefits. In addition, if such termination
occurs while there remains any unpaid amounts under the Note, the Target Gross Profit (as defined in the Note) shall be adjusted
in accordance with the terms of the Note. Notwithstanding the foregoing, payment of all or any portion of the Severance Payment
by the Company is conditioned on (x) Executive executing and delivering to the Company a customary release of all employment related
claims against the Company and its affiliates in form and substance reasonably acceptable to the Company and Executive (the “Release”)
and (y) continued compliance by Executive with the terms of the Noncompetition Agreement of even date by Executive in favor of
the Company and Parent (the “Noncompetition Agreement”); provided, that in the event of any termination
described in this Section ‎4(d), Executive shall no longer be bound by Section 1 of the Noncompetition Agreement. In
no event will any portion of the Severance Payment be paid before the release becomes effective under applicable law upon expiration
of any applicable revocation period.

 

    	Page 5 of 13

    	 

    

 

(e)          Other
Provisions Related to Termination.

 

(i)          Date
of Termination. Any termination of Executive’s employment by the Company or by Executive (other than termination because
of the death of Executive) shall be communicated by written Notice of Termination to the other party hereto. For purposes of this
Agreement, (i) a “Notice of Termination” shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon and, if other than a termination by the Company without Cause or a termination by Executive
without Good Reason shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination
of Executive’s employment under the provision so indicated; and (ii) the “Date of Termination”
shall mean: (A) if Executive’s employment is terminated by her death, the date of her death; (B) if Executive’s employment
is terminated because of a Disability pursuant to Section ‎4(b), when the Notice of Termination is given (provided that
Executive shall not have returned to the performance of her duties on a full time basis prior to delivery of such notice); (C)
if Executive’s employment is terminated by the Company for Cause or by Executive for Good Reason or without Good Reason,
then, subject to Section ‎4(f), the date specified in the Notice of Termination; (D) the date on which the then current
Term expires if the Company or Executive gives the other party notice pursuant to Section ‎2 that it does not wish to
extend the Term of this Agreement; and (E) if Executive’s employment is terminated by the Company without Cause, then thirty
(30) days after a Notice of Termination is given.

 

(ii)         Good
Reason. Upon the occurrence of an event or circumstance constituting Good Reason described in Section ‎4(f)(ii)
(including any applicable notice and cure periods set forth therein), Executive may terminate her employment hereunder for Good
Reason at any time within thirty (30) days thereafter by giving a Notice of Termination to the Company to that effect. In the event
Executive terminates her employment for Good Reason, Executive immediately shall be released from any and all obligations imposed
upon her by Section ‎1 of this Agreement from and after the Date of Termination. If Executive does not give such Notice
of Termination to the Company within such 30-day period, then this Agreement will remain in effect and Executive shall not be entitled
to terminate this Agreement for Good Reason for such event; provided, however, that the failure of Executive to terminate
this Agreement for Good Reason shall not be deemed a waiver of Executive’s right to seek damages or any other remedy to which
Executive is entitled on account of any breach by the Company of this Agreement or any other agreement between the Company or its
Affiliates and Executive or any right on the part of Executive to terminate her employment for Good Reason upon the occurrence
of a subsequent or other event or circumstance constituting Good Reason described in Section ‎4(f)(ii) (including any
applicable notice and cure periods set forth therein) in accordance with the terms of this Agreement.

 

(iii)        Cause.
Upon the occurrence of an event or circumstance constituting Cause described in Section ‎4(f)(i) (including any applicable
notice and cure periods set forth therein), the Company may terminate Executive’s employment hereunder for Cause at any time
within thirty (30) days thereafter (provided, that with respect to clauses (A) and (C), the Company may terminate for Cause within
thirty (30) days after it has received written notice of the occurrence of such event or circumstance) by giving a Notice of Termination
to Executive to that effect. If the Company does not give such Notice of Termination to Executive within such 30-day period, then
this Agreement will remain in effect and the Company shall not be entitled to terminate this Agreement for Cause for such event;
provided, however, that the failure of the Company to terminate this Agreement for Cause shall not be deemed a waiver
of the right of the Company or its Affiliates to seek damages or any other remedy to which the Company or its Affiliates are entitled
on account of any breach by Executive of this Agreement or any other agreement between the Company or its Affiliates and Executive
or any right on the part of the Company to terminate Executive for Cause upon the occurrence of a subsequent or other event or
circumstance constituting Cause described in Section ‎4(f)(i) (including any applicable notice and cure periods set
forth therein) in accordance with the terms of this Agreement.

 

    	Page 6 of 13

    	 

    

 

(f)          Definitions.
For the purposes of this Agreement, the term:

 

(i)          “Cause”
shall mean (A) Executive being convicted of, or entering a guilty plea or plea of no contest with respect to, any felony or any
other crime involving fraud, dishonesty or moral turpitude, (B) the refusal by Executive, after explicit written (including via
email) notice, to perform any reasonable lawful instruction of the Company with respect to the Company’s business, and such
failure, if capable of cure, has not been cured within thirty (30) days after Executive’s receipt of written notice from
the Company that such failure to perform such instruction constitutes “Cause” under this Agreement, (C) the commission
by Executive of any fraud, embezzlement or misappropriation of any funds or property, (D) Executive’s material breach of
her obligations under this Agreement or the Noncompetition Agreement, which breach, if capable of cure, has not been cured within
thirty (30) days after Executive’s receipt of written notice of such breach or (E) Executive’s failure to adhere to
any lawful written policy of the Company or Parent in any material respect, which failure, if capable of cure, has not been cured
within thirty (30) days after Executive’s receipt of written notice of such failure; provided, that with respect to
clauses (B), (D) and (E), any determination of breach or failure of Executive, and any applicable cure, shall be as reasonably
determined by a majority of the Board in good faith at a meeting of the Board at which Executive is granted an opportunity to attend
and participate with counsel; and

 

(ii)         “Good
Reason” shall mean the occurrence, without Executive’s written consent, of any of the circumstances or events
set forth below in items (I) through (VI) of this Section ‎4(f)(ii) where, in each case other than item (IV) hereof
(which shall constitute Good Reason immediately upon the occurrence thereof), (A) Executive has provided written notice to the
Company describing such circumstances or events within thirty (30) days after the occurrence of any such circumstance or events
and indicating that Executive deems such circumstances or events to constitute Good Reason unless cured in accordance with this
subsection and (B) if curable, the Company fails to cure such circumstances or events constituting Good Reason within thirty (30)
days after receipt of such written notice from Executive: (I) a material and continuing diminution of Executive’s duties
or responsibilities under this Agreement, or in her authority, powers or functions, including any removal of Executive from her
title position described in Section ‎1(a) without her consent, (II) the relocation of the primary office in which Executive
is based to a location that is more than thirty (30) miles away (in any direction) from Boston, Massachusetts, (III) a material
breach of this Agreement by the Company, including a reduction in Executive’s Base Salary, or material change in the manner
of calculating any Commission payable in accordance with Section ‎3 hereof (other than as required pursuant to changes
in applicable Law or GAAP) or the failure to pay Executive any amount of Base Salary, Commission, Bonus and other compensation
when due (after being determined in accordance with this Agreement), (IV) the occurrence of an Event of Default (as defined in
the Note) under clauses (iii), (iv) or (v) of Section 6(a) of the Note, or (V) without the consent of Executive, (w) the merger
or consolidation of the Company with any other Person (other than a wholly-owned subsidiary of the Company where the Company is
the surviving entity), (x) the sale of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole,
to any other Person (other than a wholly-owned subsidiary of the Company where the Company is the surviving entity), (y) the sale
of a majority of the equity interests of the Company to any Person (other than an affiliate of Parent) or (z) the liquidation,
dissolution, or termination of the existence of the Company; provided, that none of the foregoing in this clause (V) shall constitute
Good Reason if taken in connection with a sale of all or substantially all of the assets of Parent and its Subsidiaries, taken
as a whole, or otherwise in connection with a change of control of Parent, provided, that, in each case, if not assumed
as a matter of law, the obligations of Parent under the Note and of the Company under this Agreement are expressly assumed in writing
by the acquirer in such transaction.

 

    	Page 7 of 13

    	 

    

 

5.      
    Intellectual Property and Common Code.  The provisions of this Section ‎5 are
subject in all cases to any requirement in any agreement between the Company and any of its customers that any Intellectual
Property developed by the Company or its employees will be owned by, or must be assigned to, such customer. As used herein,
“Intellectual Property” means any invention, concept, design, work, plan, product, equipment, idea,
improvement, patent, patent application, copyright, copyright application, work of authorship, mask work, any trademark,
service mark, trade dress, brand name, business name or logo (including, in each case, appurtenant goodwill), trade secret,
Proprietary Information, method, internet domain name, internet domain name registration, web site, web page, computer
program, software (whether source code or object code), system design, hardware, manual, manuscript, or other documentation,
or other thing, tangible or intangible, stored or saved in any medium now or heretofore known, or any improvements thereof
which is, was or will be: (i) made, developed or conceived, wholly or partially, solely by Executive or jointly with others
during the Term; (ii) made, developed, or conceived at any time, wholly or partially and/or along or with others, as the
result of any task assigned to Executive or any work performed by Executive for or on behalf of the Company or
its Affiliates; (iii) conceived, created or developed by Executive, wholly or partially and/or alone or with others,
during working hours or on the premises of the Company or its Affiliates or using material or property provided by the
Company or its Affiliates during the Term, even if having possibly been conceived, created or developed prior to the Term but
completed during the Term; and/or (iv) made or developed with the
use of the Company’s or its Affiliate’s facilities or equipment. The parties hereto expressly agree that any such
Intellectual Property shall be considered a work made for hire. To the extent that any such Intellectual Property is deemed
not to be a work made for hire, Executive hereby irrevocably grants, assigns, transfers, and conveys to the Company or its
designee all rights, title, and interest in and to all Intellectual Property, and hereby irrevocably waives all moral rights
in any Intellectual Property. Executive further agrees that, during and at any time after the Term, Executive shall execute
any and all further documents necessary or advisable to effectuate such assignment solely to the Company or its nominees, and
shall cooperate in every lawful fashion to effectuate such assignment. Notwithstanding the foregoing, any Intellectual
Property conceived, designed or made by Executive in connection with any work for an outside venture (for the avoidance of
doubt, excluding the Company, Parent, PRS or any of their respective Affiliates) that is not a Competitor
(as defined in the Noncompetition Agreement) or a competitor of PRS (with such term “competitor” meaning a
“Competitor” as defined in the Noncompetition Agreement but with any references to the Company or Buyer referred
to therein instead referring to PRS), and not in the scope of Executive’s duties on behalf of the Company or PRS
will be owned by Executive (subject to any agreements between Executive and such outside venture). The Parties agree that
Executive’s work on behalf of Tech Women Boston is not, and will not be asserted by the Company or Buyer to be, within
the scope of Executive’s duties on behalf of the Company or PRS.

 

6.     
     Return of the Company Property. In addition to Confidential Information, the Company or
its Affiliates may provide Executive with equipment for Executive’s use in the course of Executive’s service.
Executive acknowledges that any such Confidential Information or equipment, and all other property of the Company or its
Affiliates that comes to be in Executive’s custody, will remain the exclusive property of the Company and/or its
Affiliates. Upon the end of the Term (including upon any termination of this Agreement), Executive agrees to deliver to the
Company: (i) any such equipment; (ii) all other property of the Company or its Affiliates in Executive’s control; (iii)
any and all records, notebooks, software, disks, tapes and other storage media, documentation, and other items relating to
any research, experiment, invention, or other thing, that could result in any Intellectual Property assigned to the Company
or its Affiliates pursuant to Section ‎5.

 

    	Page 8 of 13

    	 

    

 

7.      
    Arbitration. Executive further agrees and acknowledges that the Company and Executive will
utilize binding arbitration to resolve all disputes that may arise out of this Agreement, including any determination of
whether Cause or Good Reason exists in connection with a termination of Executive’s employment hereunder. Both the
Company and Executive agree that any claim, dispute, and/or controversy that either party may have arising from or related to
this Agreement or the Company’s employment of Executive shall be submitted to and determined exclusively by binding
arbitration in New York City, New York, before a single arbitrator from the Judicial Arbitration Mediation Service
(“JAMS”) selected in accordance with the commercial arbitration rules of JAMS
(the “JAMS Rules”) then in effect, which arbitration shall be conducted in accordance with such
JAMS Rules, and judgment on the arbitration award may be entered in any court having jurisdiction over the subject matter of
controversy. Each party shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a
statutory claim which affords the prevailing party attorneys' fees, or if there is a written agreement providing for fees,
the arbitrator may award reasonable fees to the prevailing party. Executive
understands and agrees to this binding arbitration provision, and both Executive and the Company give up their right to trial
by jury with respect to any claim that Executive or the Company may have against each other in connection with this
Agreement. Executive hereby knowingly, voluntarily and intentionally irrevocably waives the right to a trial by jury in
respect to any litigation based hereon, or arising out of, under, or in connection with this Agreement.

 

8.   
       Governing Law. This Agreement shall be governed by and construed under the
laws of the State of New York without giving effect to any conflict of law provisions.

 

9.       
   Assignment. Neither this Agreement nor any of the rights, duties or obligations of the Company or
Executive hereunder shall be assignable by either party without the prior written consent of the other party hereto (such
consent not to be unreasonably withheld, delayed or conditioned); provided, that the Company may, without the consent
of Executive, assign all of its rights and obligations hereunder to any Person or group of affiliated Persons acquiring all
or substantially all of the assets of Parent and its Subsidiaries, taken as a whole (provided, that the obligations of the
Company under this Agreement are expressly assumed in writing by the acquirer(s) in such transaction). Any assignment
conducted in violation of this Section ‎9 shall constitute a material breach of this Agreement. Parent is an
express third party beneficiary of this Agreement.

 

10.         Indemnification
and Insurance. To the extent permitted by applicable Massachusetts law, the Company shall defend, indemnify and hold harmless
Executive from and against any and all liability (including reasonable attorneys costs and expenses) asserted against or incurred
by her in connection with the defense, settlement or any judgment awarded in any action, suit or proceeding in which she is made
a party by reason of having been or being an officer or employee of the Company from and after the date of this Agreement, in accordance
with and to the extent required by the terms of the Company’s Bylaws in existence on the date hereof. Such right of indemnification
is not deemed exclusive of any right to which she may be entitled under applicable law.

 

11.         Entire
Agreement. This Agreement, together with the Purchase Agreement, the Note and the Non-Competition Agreement constitutes the
entire understanding of the parties with respect to its subject matter and supersedes any prior oral or written communication or
understanding with respect thereto; provided, that the foregoing will not affect any other definitive written agreement
between Executive and the Company, Parent or PRS.

 

12.         Survival.
Provisions of this Agreement which by their nature are intended to survive after the termination of Executive’s employment
under this Agreement will survive the termination of Executive’s employment.

 

13.         Remedies.
All remedies provided for in this Agreement are cumulative of all other remedies existing at law or in equity.

 

    	Page 9 of 13

    	 

    

 

14.         Severability.
If any provision of this Agreement or the application of any such provision shall be held invalid, illegal or unenforceable in
any respect by a court of competent jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision
hereof or any subsequent application of such provision. In lieu of any such invalid, illegal or unenforceable provision, the parties
hereto intend that there shall be added as part of this Agreement a provision as similar in terms to such invalid, illegal or unenforceable
provision as may be possible and be valid, legal and enforceable.

 

15.         Interpretation.
The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement. The use in this Agreement of a masculine, feminine or neither pronoun shall be deemed to include a reference to
the others. In this Agreement, the singular includes the plural and the plural the singular. In this Agreement: (i) the words “include,”
“includes” and “including” when used herein shall be deemed in each case to be followed by the words “without
limitation”; and (ii) the words “herein,” “hereto,” and “hereby” and other words of similar
import shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section or other subdivision
of this Agreement

 

16.         Counterparts.
This Agreement may be executed in any number of counterparts (including by facsimile or other electronic document transmission),
each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute
one instrument.

 

17.         Joint
Negotiation. The parties hereto agree that each party has participated in the drafting and preparation of this Agreement, and,
accordingly, in any construction or interpretation of this Agreement, the same shall not be construed against any party by reason
of the source of drafting.

 

18.         Amendment;
Waiver. Except as otherwise provided herein or by applicable law, this Agreement may not be amended or changed in any respect,
except by a written agreement executed by both parties hereto. No waiver will be effective unless it is expressly set forth in
a written instrument executed by the waiving party and any such waiver will have no effect except in the specific instance in which
it is given. Any delay or omission by a party (including any third party beneficiary) in exercising its rights under this Agreement,
or failure to insist upon strict compliance with any term, covenant, or condition of this Agreement will not be deemed a waiver
of such term, covenant, condition or right, nor will any waiver or relinquishment of any right or power under this Agreement at
any time or times be deemed a waiver or relinquishment of such right or power at any other time or times.

 

19.         Notices.
All notices under this Agreement shall be in writing and will be sent and deemed duly given (a) when delivered personally to the
recipient, (b) when faxed or sent by email to the intended recipient at the fax number or email address, if any, set forth below
such party’s signature on the signature page to this Agreement (with affirmative confirmation of receipt), or (c) one (1)
business day after deposit, postage prepaid, with a nationally recognized overnight delivery service (receipt requested), to the
address set forth below such party’s signature on the signature page of this Agreement. A copy of all notices to Executive
shall be sent to Sassoon & Cymrot, LLP, 84 State Street, Suite 820, Boston, MA 02109, Attention: Lauren A. Puglia, Esq., Facsimile
No. (617) 720-0366, Email: lpuglia@sassooncymrot.com, and a copy of all notices to the Company shall be sent to Ellenoff, Grossman
& Schole, LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY 10105, Attention: Barry Grossman, Esq., Facsimile No.:
(212) 370-7889, Telephone No.: (212) 370-1300. These addresses may be changed from time to time by written notice duly provided
to the appropriate party as provided above.

 

    	Page 10 of 13

    	 

    

 

20.         Company
Action. Notwithstanding anything to the contrary contained in this Agreement, all actions, determinations and authorizations
on the part of the Company under this Agreement shall be taken and authorized by the Board (excluding, to the extent applicable,
Executive), and the Company shall not be deemed to have taken any action, made any determination or provided any authorization
under this Agreement that has not been authorized by the Board (excluding, to the extent applicable, Executive).

 

21.         Attorneys’
Fees. The non-prevailing party to any claim that is finally determined under this Agreement will pay its own expenses and the
reasonable documented out-of-pocket expenses, including reasonable attorneys’ fees and costs, reasonably incurred by the
other party. For purposes of this Section ‎21, in any claim hereunder in which the requirement to make a payment or
the amount thereof is at issue, in the event that the final determination of the arbitrator under Section ‎7 hereof
does not specifically award costs and expenses based on this Section ‎21, the party seeking such payment will be deemed
to be the non-prevailing party unless the arbitrator awards such party more than one-half (1/2) of the amount in dispute, in which
case, the party against whom payment is sought shall be deemed to be the non-prevailing party.

 

22.         Understanding
of Agreement. Executive states that Executive has had a reasonable period sufficient to study, understand, and consider this
Agreement, that Executive has had the opportunity to consult with counsel of Executive’s choice, that Executive has read
this Agreement and understands all of its terms, that Executive is entering into and signing this Agreement knowingly and voluntarily,
and that in doing so Executive is not relying upon any statement or representations by or on behalf of the Company or Parent or
any of their Representatives not included in this Agreement, the Purchase Agreement or the Note.

 

[Remainder of Page Intentionally Blank;
Signature Page Follows]

 

    	Page 11 of 13

    	 

    

 

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

 

	 	The Company:
	 	 
	 	PEOPLESERVE, INC.
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 
	 	Attention:  Board of Directors
	 	 	 	 
	 	Executive:
	 	 
	 	 
	 	Linda Moraski
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 

	 	Facsimile No.:	 

	 	Email:	 

 

[Signature Page to PeopleSERVE Employment
Agreement]

 

    	 

    	 

    

 

Schedule 1

Annual Bonus Compensation

 

The bonus to be earned by Executive with
respect to each fiscal year shall be determined as follows:

 

		·	The maximum bonus amount payable to Executive with respect to each full fiscal year (the “Maximum
Bonus Amount”) shall be equal to fifty percent (50%) of Executive’s Combined Base Salary as of the end of such
fiscal year.

 

		·	If the Adjusted EBITDA (as defined in the Purchase Agreement) of the Companies for a full fiscal
year (the “Bonus Year EBITDA”) is equal to one-hundred and twenty percent (120%) or more of the Adjusted
EBITDA of the Companies for the prior full fiscal year (the “Prior Year EBITDA”), the bonus for such
fiscal year shall be equal to the Maximum Bonus Amount.

 

		·	If the Bonus Year EBITDA is equal to eighty percent (80%) or less of the Prior Year EBITDA, Executive
shall not be entitled to receive any bonus with respect to such fiscal year.

 

		·	If the Bonus Year EBITDA is more than 80% up to an including 120% of the Prior Year EBITDA, the
bonus for such fiscal year shall be an amount calculated on a pro-rated smooth sliding scale of two and one-half percent (2.5%)
of the Maximum Bonus Amount for each one percent (1%) of Bonus Year EBITDA above 80%.

 

For Example:

 

		o	If the Bonus Year EBITDA is 82% of the Prior Year EBITDA, the bonus would be equal to 5% of the
Maximum Bonus Amount (i.e., $3,750 for the first year)

 

		o	If the Bonus Year EBITDA is 90% of the Prior Year EBITDA, the bonus would be 25% of the Maximum
Bonus Amount (i.e., $18,750 for the first year)

 

The Prior Year EBITDA for the first fiscal
year of this Agreement shall be equal to the trailing twelve (12) fiscal month Adjusted EBITDA of the Companies as of April 26,
2014, as set forth in the Final Statement (as defined in the Purchase Agreement). For any calculation of the bonus over a period
that is less than a full fiscal year, including the first fiscal year of this Agreement, the Prior Year EBITDA and the Maximum
Bonus Amount shall be pro-rated based on the number of days in such fiscal year that passed as of the date of the measurement.

 

    	Page 13 of 13

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