Document:

Document

Exhibit 10.1

FOURTH Amendment to EMPLOYMENT AGREEMENT

This FOURTH Amendment to EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of the 24th day of May, 2021, by and between WYNN RESORTS, LIMITED (“Employer”) and CRAIG BILLINGS (“Employee”).  Capitalized terms that are not defined herein shall have the meanings ascribed to them in the Agreement (as defined below).

RECITALS

WHEREAS, Employer and Employee have entered into that certain Employment Agreement, effective as of March 1, 2017, as amended on April 17, 2018, May 29, 2019, and December 31, 2020 (the “Agreement”); and

WHEREAS, Employee is willing and Employer desires to modify certain terms and conditions to the Agreement as more fully set forth herein; and

WHEREAS, Employer wishes and Employee agrees that Employee shall be seconded to Employer’s affiliate, Wynn Interactive, Limited (“WIL”) to perform certain duties, as set forth below, for a designated period of time, the terms of such secondment shall be set forth in a separate Service Agreement, as defined below;  

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in the Agreement, the parties hereto agree as follows:

1.Amendments.

a.Employer and Employee hereby agree to amend Section 3 of the Agreement in its entirety to read as follows:

3.         DUTIES OF EMPLOYEE.  Other than during the Services Period, as defined below, Employee shall perform such duties assigned to Employee by Employer as are generally associated with the duties of President and Chief Financial Officer for Employer or such similar duties as may be assigned to Employee by Employer as Employer may determine.  During the Services Period, Employee shall perform such duties assigned to Employee by Employer as are generally associated with the duties of Chief Financial Officer for Employer or such similar duties as may be assigned to Employee by Employer or as Employer may determine.  Employee’s duties shall include:  (i) the efficient and continuous operation of Employer and its Affiliates; (ii) the preparation of relevant budgets and allocation of relevant funds; (iii) the selection and delegation of duties and responsibilities of subordinates; (iv) the direction, review and oversight of all programs under Employee’s supervision; (v) adherence to the written policies and procedures of Employer and its Affiliates as they may be amended from time to time without prior notice to Employee (unless such policies and procedures conflict with this Agreement, in which case this Agreement takes precedence) and for which Employee assumes responsibility for review and understanding; and (vi) such other and further duties as may be assigned by Employer to Employee from time to time.  The foregoing notwithstanding, Employee shall devote such time to Employer or its Affiliates as may be required by Employer, provided such duties are not inconsistent with Employee’s primary duties to Employer hereunder.

From May 24, 2021 until December 31, 2022, (the “Services Period”) and consistent with the Services Agreement, Employee will also serve as the Chief Executive Officer and President of WIL.  For so long as Employee holds such positions, Employee agrees to perform such duties as are consistent with such titles and positions with publicly-traded companies.  During the Services Period, 

Employee will devote his primary business efforts and abilities to the performance of his duties to Employer and WIL.  Employee’s appointment to such positions with WIL and the performance of his duties to WIL shall not in any way to deemed (1) to breach this Agreement or any other agreement between Employee and Employer or (2) to interfere with the performance of his duties to Employer or to WIL.

b.   Employer and Employee hereby agree to amend Section 5 of the Agreement in its entirety to read as follows:

5.         TERM.  Unless sooner terminated as provided in this Agreement, the term of this Agreement (the “Term”) shall commence on the Effective Date of this Agreement and terminate on March 1, 2023, at which time the terms of this Agreement shall expire and shall not apply to any continued employment of Employee by Employer, except for those obligations under Sections 9, 10, 11 and 21.  Following the Term, unless the parties enter into a new written contract of employment, (a) any continued employment of Employee shall be at-will, (b) any or all of the other terms and conditions of Employee’s employment may be changed by Employer at its discretion, with or without notice, and (c) the employment relationship may be terminated at any time by either party, with or without cause or notice.

Concurrent with Employee’s resignation from Employer or upon the termination of Employee’s employment with Employer, Employee agrees to resign, and shall be deemed to have resigned, all other positions (including board of director memberships) that Employee may have held immediately prior to Employee’s resignation or termination.

c.   Employer and Employee hereby agree to amend Section 7 of the Agreement in its entirety to read as follows

7.         COMPENSATION TO EMPLOYEE.  For and in complete consideration of Employee's full and faithful performance of Employee’s duties under this Agreement, Employer hereby covenants and agrees to pay to Employee, and Employee hereby covenants and agrees to accept from Employer, the following items of compensation:

a.Base Salary.  Employer hereby covenants and agrees to pay to Employee, and Employee hereby covenants and agrees to accept from Employer, a base salary at the rate of One Million, Two Hundred Thousand Dollars ($1,200,000.00) per annum, payable in such installments as shall be convenient to Employer (the “Base Salary”).  Employee shall be subject to performance reviews and the Base Salary may be increased but not decreased as a result of any such review.  Such Base Salary shall be exclusive of and in addition to any other benefits which Employer, in its sole discretion, may make available to Employee, including any discretionary bonus, profit sharing plan, pension plan, retirement plan, disability or life insurance plan, medical and/or hospitalization plan, or any and all other benefit plans which may be in effect during the Term. During the Services Period, Employee’s Base Salary shall be allocated between Employer and WIL in accordance with the Service Agreement between Employer and WIL, as such agreement may be amended from time to time (the “Service Agreement”).

b.   Bonus Compensation.  Employee will participate in Employer’s Amended and Restated Annual Performance Based Incentive Plan for Executive Officers with an annual target bonus of no less than 200% of the Base Salary.  Employee shall also be eligible to receive a bonus at such times and in such amounts as Employer in its sole and exclusive discretion may determine.  Employer retains the discretion to adopt, amend or terminate any bonus plan at any time prior to a Change of Control.

During the Services Period, 50% of Employee’s Bonus Compensation shall be determined in a manner consistent with and based on the same annual goals, as approved by the Compensation Committee of Employer, as those of other Named Executive Officers of Employer and 50% of Employee’s Bonus Compensation shall be determined based on goals specific to WIL. During the Services Period, Employee’s Bonus Compensation shall be allocated between Employer and WIL in accordance with the Service Agreement.

c.    Employee Benefit Plans.  Employer hereby covenants and agrees that it shall include Employee, if otherwise eligible, in any profit sharing plan, executive stock option plan, pension plan, retirement plan, disability or life insurance plan, Executive Medical Plan and/or hospitalization plan, and any other benefit plan which may be placed in effect by Employer or any of its Affiliates and on the same terms and conditions available to Employer’s executives during the Term.  All issues as to eligibility for specific benefits and payment of benefits shall be as set forth in the applicable insurance policies or plan documents. Nothing in this Agreement shall limit Employer’s or any of its Affiliates’ ability to exercise the discretion provided to it under any employee benefit plan, or to adopt, amend or terminate any benefit plan at any time prior to a Change of Control.

Employee shall also participate in the senior executive health program at all times while employed by Employer and for the twelve month period subsequent to (i) the Term or (ii) the termination of the Agreement pursuant to Sections 6(a)(v), 6(a)(vi) or 6(a)(vii).  During the Services Period, the cost of benefits provided to Employee by Employer shall be allocated between Employer and WIL in accordance with the Service Agreement.

d.   Equity Grant. Employee was granted 30,000 shares of restricted stock of Wynn Resorts, Limited common stock pursuant to the Wynn Resorts, Limited 2014 Omnibus Incentive Plan.  Employee and Employer entered into a separate restricted stock agreement, dated March 1, 2017, and amended on April 17, 2018, incorporating the terms and conditions of the grant, including the grant date, vesting schedule, and termination provisions.

Employee was granted 25,000 shares of restricted stock of Wynn Resorts, Limited common stock pursuant to the Wynn Resorts, Limited 2014 Omnibus Incentive Plan.  Employee and Employer entered into a separate restricted stock agreement, dated April 17, 2018, incorporating the terms and conditions of the grant, including the grant date, vesting schedule, and termination provisions.

Subject to and effective upon the approval of the Compensation Committee of Wynn Resorts, Limited, and upon closing of the merger between Wynn Interactive Limited and Austerlitz Acquisition Corporation I, Employee shall receive 10,000 shares of stock of Wynn Resorts Limited common stock pursuant to the Wynn Resorts Limited 2014 Omnibus Incentive Plan.  Such shares shall be immediately vested and available to Employee without restriction.

e.   Annual Equity Grant.  Commencing on the Effective Date, Employee shall be eligible to receive an annual restricted share grant of Wynn Resorts, Limited common stock, Wynn Interactive Limited common stock, or a combination of Wynn Resorts, Limited Common and Wynn Interactive Limited common stock, with a target value equivalent to 180% of the annual Base Salary for Employee in effect at the end of the applicable year, with vesting requirements consistent with comparable positions in the Employer.  Employee and Employer will enter into a separate restricted stock agreement incorporating the terms and conditions of the grant, including the grant date, vesting schedule, and termination provisions.  The portion of such award to be granted by Employer and by WIL will be determined in accordance with the Service Agreement, but in no case shall the portion of each Annual Equity Grant made to Employee pursuant to this 

provision in the form of Wynn Resorts, Limited common stock be less than 35% of such Annual Equity Award.

f.    Expense Reimbursement.  During the Term and provided the same are authorized in advance by Employer, Employer shall either pay directly or reimburse Employee for Employee’s reasonable expenses incurred for the benefit of Employer in accordance with Employer’s general policy regarding expense reimbursement, as the same may be modified from time to time.  Prior to such payment or reimbursement, Employee shall provide Employer with sufficient detailed invoices of such expenses as may be required by Employer’s policy.  WIL will reimburse the Employer for expenses incurred by Employee in connection with his services to WIL in accordance with the Service Agreement.

g.   Vacations and Holidays.  Commencing as of the Effective Date, Employee shall be entitled to (i) annual paid vacation leave in accordance with Employer’s standard policy, but in no event less than four (4) weeks each year of the Term, to be taken at such times as selected by Employee and approved by Employer, and (ii) paid holidays (or, at Employer’s option, an equivalent number of paid days off) in accordance with Employer’s standard policy.

h.   Section 409A Provision.  Notwithstanding any provision of the Agreement to the contrary, if, at the time of Employee’s termination of employment with the Employer, he or she is a “specified employee” as defined in Section 409A of the Internal Revenue Code (the “Code”), and one or more of the payments or benefits received or to be received by Employee pursuant to the Agreement would constitute deferred compensation subject to Section 409A, no such payment or benefit will be provided under the Agreement until the earlier of: (a) the date that is six (6) months following Employee’s termination of employment with the Employer or (b) the Employee’s death. The provisions of this Section shall only apply to the extent required to avoid Employee’s incurrence of any penalty tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder. In addition, if any provision of the Agreement would cause Employee to incur any penalty tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, the Employer may reform such provision to maintain the maximum extent practicable the original intent of the applicable provision without violating the provisions of Section 409A of the Code.

i.   Withholdings.  All compensation provided to Employee by Employer under this Section 7 shall be subject to applicable federal, state or local employment-related withholdings.

2.    Restrictive Covenants.  Sections 9, 10, and 11 of the Agreement shall be deemed to apply to Employee separately as if each of Wynn Resorts, Limited and Wynn Interactive, Limited was considered to be the “Employer” as set forth therein.  

3.     Effectiveness.  The amendments set forth in Section 1 shall be effective as of May 24, 2021. 

4.         Other Provisions of Agreement.  The parties acknowledge that the Agreement is being modified only as stated herein and agree that nothing else in the Agreement shall be affected by this Amendment.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first written above.

WYNN RESORTS, LIMITED                EMPLOYEE

    /s/ Matt Maddox                       /s/ Craig S. Billings            
Matt Maddox, Chief Executive Officer            Craig S. BillingsAGREEMENT AND PLAN OF MERGER

 

This AGREEMENT AND PLAN OF MERGER
(the “Agreement”), entered into as of April 22, 2021, by and among Ambient Water Corporation, a Nevada corporation
(“Predecessor”), Catapult Solutions, Inc., a Nevada corporation (“Successor”) and a direct, wholly
owned subsidiary of Predecessor, and Catapult Merger Sub, Inc., a Nevada corporation (“Merger Sub”) and a direct, wholly
owned subsidiary of Successor.

 

RECITALS

WHEREAS, on the date hereof, Predecessor
has the authority to issue 2,420,000,000 shares, consisting of: (i) 2,400,000,000 shares of Common Stock, par value $0.0001 per share
(the “Predecessor Common Stock”), of which 2,315,276,582 common shares are issued and outstanding; (ii) 20,000,000
shares of Preferred Stock, par value $0.0001 per share (the “Predecessor Preferred Stock”), of which 10,000 preferred
shares are authorized and designated as Series Z Preferred Stock with 10,000 shares issued and outstanding. Together with the Predecessor
Common Stock, the (“Predecessor Capital Stock”).

 

WHEREAS, on the date hereof, Successor
has the authority to issue 2,420,000,000 shares, consisting of: (i) 2,400,000,000 shares of Common Stock, par value $0.0001 per share
(the “Successor Common Stock”), of which 1,000 common shares are issued and outstanding on the date hereof and held
by Predecessor; (ii) 20,000,000 shares of Preferred Stock, par value $0.0001 per share (the “Successor Preferred Stock”)
of which of which 10,000 preferred shares are designated as Series Z Preferred Stock with no shares issued and outstanding . Together,
with the Successor Common Stock, the (“Successor Capital Stock”).

 

WHEREAS, on the date hereof, Merger
Sub has the authority to issue 2,420,000,000 shares, consisting of: (i) 2,400,000,000 shares of Common Stock, par value $0.0001 per share
(the “Merger Sub Common Stock”), of which 1,000 common shares are issued and outstanding on the date hereof and held
by Successor; (ii) 20,000,000 shares of Preferred Stock, par value $0.0001 (the “Merger Sub Preferred Stock”), of which
10,000 preferred shares are authorized and designated as Series Z Preferred Stock with no shares issued and outstanding. Together, with
the Merger Sub Common Stock, the (“Merger Sub Capital Stock”).

 

WHEREAS, Successor and Merger Sub
are newly formed corporations and organized for the purpose of participating in the transactions herein contemplated and actions related
thereto, own no assets and have taken no actions other than those necessary or advisable to organize the corporations and to affect the
transactions herein contemplated and actions related thereto.

 

WHEREAS, Predecessor desires to reorganize
into a holding company structure pursuant to NRS 92A.180, 92A.200, NRS 92A.230 and NRS 92A.250 under which Successor would become a holding
company by the merger of Predecessor with and into Merger Sub and with each share of Predecessor Capital Stock being converted in the
Merger (as defined below) into a share of Successor Capital Stock with each share or fraction of a share of the Capital Stock of the Predecessor
outstanding immediately prior to the Effective Time of the merger converted in the merger into a share or equal fraction of share of Capital
Stock of the Holding Company having the same designations, rights, powers and preferences, and the qualifications, limitations and restrictions
thereof, as the share of stock of the Predecessor being converted in the merger.

 

WHEREAS, the respective boards of directors
of Predecessor, Successor and Merger Sub have approved and declared advisable and in the best interests of each of such corporations and
its shareholders this Agreement and the transactions contemplated hereby, including without limitation, the Merger.

 

WHEREAS, under the respective Articles
of incorporation of Predecessor and Successor, the Successor Capital Stock has the same designations, rights, and powers and preferences,
and the qualifications, limitations and restrictions thereof, as the Predecessor Capital Stock which will be automatically converted pursuant
to the holding company reorganization;

 

WHEREAS, the Articles of Incorporation
and Bylaws of Successor, as the holding company, at the Effective Time of the merger contain provisions identical to the Articles of Incorporation
and Bylaws of Predecessor immediately prior to the merger, other than as permitted by NRS 92A.200.

 

The Articles of Incorporation of Predecessor
state that any act or transaction by or involving the Predecessor, other than the election or removal of directors of the Predecessor,
that requires for its adoption under the NRS or the Articles of Incorporation of Predecessor the approval of the stockholders of the Predecessor,
shall require in addition the approval of the stockholders of Catapult Solutions, Inc. (or any successor thereto by merger), by the same
vote as is required by the Articles of Incorporation and/or the Bylaws of the Predecessor.

 

WHEREAS, the Articles
of Incorporation and Bylaws of Merger Sub are identical to the Articles of Incorporation and Bylaws of Predecessor immediately prior to
the merger, other than as permitted by NRS 92A.200;

 

WHEREAS, the Boards of Directors of
Predecessor, Successor, and Merger Sub have each approved this Agreement, shareholder approval not being required pursuant to NRS 92A.180;

 

WHEREAS, the parties hereto intend that
the reorganization contemplated by this Agreement shall constitute a tax-free organization pursuant to Section 368(a)(1) of the Internal
Revenue Code;

 

NOW, THEREFORE, in consideration of
the mutual agreements and covenants herein contained, Predecessor, Successor, and Merger Sub hereby agree as follows:

 

1. Merger. At the Effective Time
and in accordance with this Agreement and the provisions set forth in NRS 92A.180, 92A.200, NRS 92A.230 and NRS 92A.250, Predecessor shall
be merged with and into Merger Sub, (the “Merger”), and Predecessor shall be the surviving corporation, (hereinafter sometimes
referred to as the (“Surviving Corporation”). At the Effective Time, the separate corporate existence of Merger Sub
shall cease, and Predecessor shall become the wholly owned subsidiary of Successor, and Successor shall become the publicly traded company,
as the successor issuer.

 

2. 
Effective Time. As soon as practicable on or after the date hereof, the Surviving Corporation shall file this Agreement
with the Articles of Merger in accordance with the relevant provisions of the NRS, and with the Secretary of State of the State of Nevada
(the “Secretary of State”) and shall make all other filings or recordings required under the NRS, if any to effectuate
the Merger. The Merger shall become effective at such time as the Articles of Merger is duly filed with the Secretary of State, (the date
and time the Merger becomes effective being referred to herein as the “Effective Time”).

 

3. 
Effects of Merger. The Merger shall have the effects set forth in this Agreement and in the applicable provisions set forth
in NRS 92A.250. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, (i) right and title to all
assets (including real estate and other property) owned by, and every contract right possessed by, the Predecessor and Merger Sub shall
vest in the Surviving Corporation, and (ii) all liabilities and obligations of the Predecessor and Merger Sub shall become the liabilities
and obligations of the Surviving Corporation. The vesting of such rights, title, liabilities, and obligations in the Surviving Corporation
shall not be deemed to constitute an assignment or an undertaking or attempt to assign such rights, title, liabilities and obligations.
The conversion of securities of Predecessor into the identical and equivalent securities of Successor will not constitute a sale, resale
or different security. Securities issued by Successor pursuant to the merger shall be deemed to have been acquired at the same time as
the securities of the Predecessor exchanged in the merger. Successor securities issued solely in exchange for the securities of Predecessor
as part of a reorganization of the Predecessor into a holding company structure. Stockholders received securities of the same class evidencing
the same proportional interest in the holding company as they held in the Predecessor, and the rights and interests of the stockholders
of such securities are substantially the same as those they possessed as stockholders of the Predecessor’s securities. Immediately
following the merger, Successor has no significant assets other than securities of the Predecessor and its existing subsidiary(s) and
has the same assets and liabilities on a consolidated basis as the Predecessor had before the merger. Stockholders of Predecessor shall
be the stockholders of Successor. Successor common stock will trade in the OTC Markets under the Predecessor ticker symbol “AWGI”
under which the common stock of Predecessor previously listed and traded until a new ticker symbol change has been released into the marketplace
by the Financial Industry Regulatory Authority.

 

4. 
Articles of Incorporation. As of the date hereof and immediately prior to the Effective time, the articles of incorporation
of the Predecessor shall be the articles of incorporation of the Surviving Corporation until thereafter amended as provided therein or
by the NRS.

 

5. 
Bylaws. From and after the Effective Time, the bylaws of the Predecessor, as in effect immediately prior to the Effective
Time, shall constitute the bylaws of the Surviving Corporation until thereafter amended as provided therein or by applicable law.

 

6. 
Directors. The directors of Predecessor in office immediately prior the Effective Time shall be the Directors of the Surviving
Corporation and will continue to hold office from the Effective Time until the earlier of their resignation or removal or until their
successors are duly elected or appointed and qualified.

 

7. 
Officers. The officers of Predecessor in office immediately prior to the Effective Time shall be the officers of the Surviving
Corporation and will continue to hold office from the Effective Time until the earlier of their resignation or removal or until their
successors are duly elected or appointed and qualified.

 

8. 
Conversion of Securities. At the Effective Time, by virtue of the merger and without any action on the part of the holder
thereof;

 

(a) 
Conversion of Predecessor Common Stock. Each share of Predecessor Common Stock issued and outstanding immediately prior
to the Effective Time shall be converted into one validly issued, fully paid and non-assessable share of Successor Common Stock;

 

(b) 
Conversion of Predecessor Common Stock Held as Treasury Stock. Each share of Predecessor Common Stock issued and outstanding
held in the Predecessor’s treasury shall be cancelled and retired.

 

(c) 
Conversion of Predecessor Preferred Stock. Each share of Predecessor Preferred Stock issued and outstanding immediately
prior to the Effective Time shall be converted into one validly issued, fully paid and non-assessable share of Successor Preferred Stock
having the same designations, rights, power, and preferences, and the qualifications, limitations, and restrictions thereof, as the corresponding
share of the Predecessor Preferred Stock.

 

(d) 
Conversion of Predecessor Preferred Stock Held as Treasury Stock. Each share of Predecessor Preferred Stock issued and outstanding
held in the Predecessor’s treasury shall be cancelled and retired.

 

(e) 
Convertible Notes, Options, Warrants, Purchase Rights, Units or Other Securities of Predecessor. Each unconverted Note,
or unexercised portion of any option, warrant, purchase right, unit or other security of Predecessor shall not be convertible into shares
of Successor Capital Stock pursuant to NRS 78.242 and the bylaws of Predecessor and Successor.

 

(f) 
Conversion of Successor Common Stock. Each share of Successor Common Stock issued and outstanding held in the name of Predecessor
immediately prior to the Effective Time shall be cancelled and retired and resume the status of authorized and unissued shares of Successor
Common Stock.

 

(g) 
Conversion of Merger Sub Common Stock. Each share of Merger Sub common Stock will be converted into one validly issued,
fully paid and non-assessable share of common stock of the Surviving Corporation.

 

(h) 
Rights of Certificate Holders. Upon conversion thereof in accordance with this Section 8, all shares of Predecessor
Capital Stock shall no longer be outstanding and shall cease to exist, and each holder of a certificate representing any such shares except,
in all cases, as set forth in Section 11 herein. In addition, each outstanding book-entry that, immediately prior to the Effective
Time, evidenced shares of Predecessor Capital Stock shall, from and after the Effective Time, be deemed and treated for all corporate
purposes to evidence the ownership of the same number of shares of Successor Capital Stock.

 

9. 
Other Agreements. At the Effective Time, Successor shall assume any obligation of Predecessor to deliver or make available
shares of Predecessor Capital Stock under any agreement or employee benefit plan not referred to in Section 8 herein to which Predecessor
is a party. Any reference to Predecessor Capital Stock under any such agreement or employee benefit plan shall be issuable in lieu of
each share of Predecessor Capital Stock required to be issued by any such agreement or employee benefit plan, subject to subsequent adjustment
as provided in any such agreement or employee benefit plan.

 

10. 
Further Assurances. From time to time, as and when required by the Surviving Corporation or by its successors or assigns,
there shall be executed and delivered on behalf of Predecessor such deeds and other instruments, and there shall be taken or caused to
be taken by it all such further and other action, as shall be appropriate, advisable or necessary in order to vest perfect or conform,
of record or otherwise, in the Surviving Corporation, the title to and possession of all property, interests, assets, rights, privileges,
immunities, powers, franchises and authority of Predecessor, and otherwise to carry out the purposes of this Agreement, and the officers
and directors of the Surviving Corporation are fully authorized, in the name and on behalf of Predecessor or otherwise, to take any and
all such action and to execute and deliver any and all such deeds and other instruments.

 

11. 
Certificates. At and after the Effective Time until thereafter surrendered for transfer or exchange in the ordinary course,
each outstanding certificate which immediately prior thereto represented shares of Predecessor Capital Stock shall be deemed for all purposes
to evidence ownership of and to represent the shares of Successor Capital Stock into which the shares of Predecessor Capital Stock represented
by such certificate have been converted as herein provided and shall be so registered on the books and records of Successor and its transfer
agent. At and after the Effective Time, the shares of capital stock of Successor shall be uncertificated; provided, that, any shares of
capital stock of Successor that are represented by outstanding certificates of Predecessor pursuant to the immediately preceding sentence
shall continue to be represented by certificates as provided therein and shall not be uncertificated unless and until a valid certificate
representing such shares pursuant to the immediately preceding sentence is delivered to Successor’s transfer agent at which time
such certificate shall be canceled and in lieu of the delivery of a certificate representing the applicable shares of capital stock of
Successor, Successor shall (i) issue to such holder the applicable uncertificated shares of capital stock of Successor by registering
such shares in Successor’s books and records as book-entry shares, upon which such shares shall thereafter be uncertificated and
(ii) take all action necessary to provide such holder with evidence of the uncertificated book-entry shares, including any action necessary
under applicable law in accordance therewith, including in accordance with NRS.

 

12. 
Amendment. The parties hereto, by mutual consent of their respective boards of directors, may amend, modify or supplement
this Agreement prior to the Effective Time. Surviving Corporation shall cause to be filed with the Nevada Secretary of State such certificates
or documents required to give effect thereto.

 

13. 
Termination. This Agreement may be terminated, and the Merger and the other transactions provided for herein may be abandoned,
at any time prior to the Effective Time, whether before or after approval of this Agreement by the board of directors of Predecessor,
Successor, and Merger Sub, or by action of the board of directors of Predecessor if it determines for any reason, in its sole judgment
and discretion, that the consummation of the Agreement would be advisable or not and in the best interests of Predecessor and its stockholders.

 

14. 
Counterparts. This Agreement may be executed in one or more counterparts, and each such counterpart hereof shall be deemed
to be an original instrument, but all such counterparts together shall constitute but one agreement.

 

15. 
Descriptive Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended
to be part of or to affect the meaning or interpretation of this Agreement.

 

16. 
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.

 

IN WITNESS WHEREOF, Predecessor, Successor,
and Merger Sub have caused this Agreement to be executed and delivered as of the date first written above.

 

 

 

AMBIENT WATER CORPORATION (“PREDECESSOR”)

By:/s/
Jeffrey DeNunzio

Name: Jeffrey DeNunzio

Title:President, Secretary and Director

 

CATAPULT SOLUTIONS, INC. (“SUCCESSOR”)

By: /s/ Jeffrey DeNunzio

Name: Jeffrey DeNunzio

Title:President, Secretary and Director

 

 

CATAPULT MERGER SUB, INC. (“MERGER SUB”)

By: /s/ Jeffrey DeNunzio

Name: Jeffrey DeNunzio

Title:President, Secretary and Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}]]