Document:

Exhibit

Exhibit 10.2

SEPARATION AGREEMENT AND GENERAL RELEASE

This SEPARATION AND RELEASE AGREEMENT (“Agreement”) is an agreement between Atmos Energy Corporation (including its affiliates, successors and assigns, “Atmos Energy”), and Bret J. Eckert (the “Executive”).  The “Effective Date” of this Agreement shall be the 8th day after this Agreement has been signed by Executive and the expiration of the cancellation period described in paragraph 13.  

In consideration of the mutual agreements contained herein, the parties agree as follows:

1.Employment Separation. Executive’s employment with Atmos Energy as Senior Vice President and Chief Financial Officer will end as of February 1, 2017 (“Separation Date”). 

2.Separation Pay and Benefits. Subject to this Agreement becoming effective and irrevocable, Atmos Energy agrees to provide Executive the following separation benefits, which Executive acknowledges he would not otherwise receive. 

a.Separation Payment.  Atmos Energy will pay Executive a Separation Payment of $2,600,000.00 less required taxes and customary withholding.

b.COBRA Continuation. If Executive elects COBRA continuation coverage under the Atmos Energy  medical plan, then Atmos Energy agrees to pay the same portion of Executive’s premiums for such coverage as the portion of said premiums that Atmos Energy  is paying for active employees of Atmos Energy until the earlier of: (i) 18 months following the Separation Date, (ii) the date Executive becomes eligible for coverage under the medical plan of another employer of Executive, regardless of whether Executive elects to be covered by such medical plan, or (iii) the date Executive’s continuation coverage under the Atmos Energy  medical plan otherwise terminates. Thereafter, if Executive is eligible and wishes to continue his continuation coverage and the maximum applicable continuation coverage period has not expired, Executive may continue such coverage, provided, however, Executive shall be solely responsible for payment of the entire premium for such coverage.

c.Financial Planning. Executive will be entitled to the Atmos Energy Financial Planning Benefit for tax years 2016 and 2017.

d.Outplacement. Atmos Energy will provide Executive with participation in the Atmos Energy’s outplacement program for a period of six months free of charge.

e.Withholding and Taxes. Executive understands and agrees that all payments made under this Agreement will be subject to required taxes and customary withholdings and shall be paid on the later of the Separation Date or Effective Date, by wire transfer of immediately available funds to an account designated by Executive. Except as set forth below, Executive assumes full responsibility to state and federal taxing authorities for any tax consequences, including interest and penalties, regarding employee or income taxes arising out of the payments to him set forth in this Agreement. Executive further agrees to indemnify Atmos Energy, its officers, directors, agents, employees, subsidiary companies, successors, assigns, representatives and agents for any and all 

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investigations or liabilities imposed by any taxing authority due to Executive’s failure to properly report and pay any taxes due.
   
3.Coordination with SERP and Other Benefits. The Parties agree that Executive does not waive any rights or claims to benefits available under the Atmos Energy Corporation Supplemental Executive Retirement Plan (SERP), the Atmos Energy Retirement Savings Plan (RSP) and the Time Off Policy (PTO).  With the exception of the SERP, RSP, and PTO, it is expressly understood that the Separation Payment includes full and complete satisfaction of all amounts due to Executive as a result of his employment with the Company and the separation therefrom.  

4.Cooperation.  Executive agrees, upon Atmos Energy’s reasonable request, to cooperate in any investigations and/or litigations, claims, or other disputed matters regarding events that occurred during Executive’s employment with Atmos Energy. Executive will be entitled to indemnity by Atmos Energy with respect to any claims asserted against Executive in the future by any third party in accordance with the terms and extent of any indemnity obligations in effect at the time to any former officer.  If Atmos Energy requests Executive’s assistance under this paragraph 4, Atmos Energy will compensate Executive at the rate of $500 per hour and will reimburse Executive for any reasonable out-of-pocket expenses incurred by Executive in the performance of his obligations under this paragraph 4.  The obligations of Executive set forth in this paragraph 4 will terminate two (2) years after the Effective Date. 

5.Mutual Release. There are various local, state, and federal statutory and common laws that may apply and/or relate to Executive’s employment with Atmos Energy.  Executive understands that, among other things, these laws prohibit employment discrimination on the basis of age, color, race, gender, sexual reference/orientation, marital status, national origin, mental or physical disability, religious affiliation, veteran status, or other protected classification, and that these laws are enforced through the courts and agencies such as the Equal Employment Opportunity Commission (EEOC), Department of Labor, and state human rights, wage and hour and fair employment practices agencies.

Such laws include, but are not limited to, federal and state wage and hour laws, including the Fair Labor Standards Act (FLSA), federal and state whistleblower laws, federal and state leave laws, including the Family and Medical Leave Act (FMLA), federal and state anti-discrimination and other laws, including Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967, as amended (ADEA), the Employee Retirement Income Security Act, 29 U.S.C. 100l, et seq. (ERISA) (excluding COBRA), 42 U.S.C. Section 1981, the Worker Adjustment and Retraining Notification (WARN) Act, the Equal Pay Act, the Americans with Disabilities Act (ADA), the Vietnam Era Veterans Readjustment Assistance Act, the Fair Credit Reporting Act, the Occupational Safety and Health Act (OSHA), the Sarbanes-Oxley Act of 2002 (SOX) and any other federal or state employment laws, as each may be amended from time to time.

By signing this Agreement, Executive releases Atmos Energy, and its respective directors, officers, representatives, agents and employees, and any of Atmos Energy's successors or predecessors, affiliates, or related companies (collectively referred to as "Releasees") from any and all claims, known or unknown, including claims for attorneys' fees and costs with respect to, or arising out of, Executive’s employment or termination of employment with 

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Atmos Energy.  In so doing, Executive agrees to give up any rights he may have under any laws that may apply to his employment or termination of employment with Atmos Energy except those described in paragraph 3, above, and paragraph 6 below. 
Executive understands that he is giving up all statutory, common law or contract claims and rights, including those that Executive is not currently aware of and those not mentioned in this Agreement, up to and through the date that Executive signs and delivers this Agreement to Atmos Energy. Executive acknowledges and agrees that Atmos Energy has fully satisfied any and all obligations owed to him arising out of his employment with or termination from Atmos Energy, and no further sums or benefits are owed to him by Atmos Energy or by any of the other Releasees at any time.

Atmos Energy, in return for Executive signing this Agreement, hereby mutually releases, acquits and forever discharges Executive from any and all claims, known or unknown, including claims for attorneys' fees and costs with respect to, or arising out of, Executive’s employment or termination of employment with Atmos Energy.  Atmos Energy understands that Atmos Energy is giving up all statutory, common law or contract claims and rights, including those that Atmos Energy is not currently aware of and those not mentioned in this Agreement, up to and through the date that Executive signs and delivers this Agreement to Atmos Energy. Atmos Energy acknowledges and agrees that Executive has fully satisfied any and all obligations owed to Atmos Energy arising out of Executive’s employment with or termination from Atmos Energy.

6.Activities Not Covered. Executive understands that this Agreement does not prohibit or prevent Executive from filing a charge or participating, testifying or assisting in investigations, hearings or other proceedings conducted by the EEOC, the NLRB, or a similar agency enforcing federal, state or local anti-discrimination laws. However, to the maximum extent provided by law, Executive does give up all rights to recover or receive individual damages, money, or other personal benefits as a result of such charge, investigation or proceeding.  

Nothing in this Agreement prohibits Executive from a) reporting possible violations of law (including securities laws) to any government agency, including to the U.S. Congress, Department of Justice, Securities and Exchange Commission or Inspector General; b) making disclosures protected under federal whistleblower laws; or c) otherwise fully participating in any federal whistleblower programs.

7.Agreement Not to Sue. Executive agrees not to sue Atmos Energy with respect to claims Executive has released in this Agreement. If Executive does, Executive agrees to pay Atmos Energy's reasonable legal fees to the extent permitted by law.  Atmos Energy agrees not to sue Executive with respect to claims Atmos Energy has released in this Agreement. If Atmos Energy does, Atmos Energy agrees to pay Executive’s reasonable legal fees to the extent permitted by law.

8.Non-Admission. This Agreement shall not in any way be construed as an admission by either Party of any acts of wrongdoing, violation of any statute, law or legal or contractual right. Atmos Energy and Executive acknowledge that each has willingly entered into this Agreement.

9.Review by Counsel. Executive acknowledges that he is advised to discuss this Agreement and the effect of same with legal counsel of his own choosing and at his own expense, 

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that he has had a reasonable time to review this Agreement that he fully understands all the provisions of the Agreement and is voluntarily entering into this Agreement. 

10.Confidential and Privileged Information. Executive understands that after the Separation Date, Executive will continue to be bound by his professional and other obligations and promises to the Company. Within five (5) days after the later of the Separation Date or Effective Date, Executive shall deliver to Atmos Energy all originals and copies of non-public documents, notes, memoranda or any other written materials that relate or refer to Atmos Energy.

Executive will not disclose to any third party attorney-client privileged information or non-public Company information.  Attorney-client privileged information may never be disclosed absent a written waiver of the privilege by Atmos Energy as to the specific communications.  Executive further promises that he will not disclose Atmos Energy’s confidential information including, financial, legal or business information.  The Executive agrees that all documents, records, techniques, business secrets, price and route information, business strategy and other information, whether in electronic form, hardcopy or other format, which have come into Executive’s possession from time to time during his employment by Atmos Energy is deemed to be confidential and proprietary to Atmos Energy.  Executive understands that this paragraph shall not apply to information that is known in the industry or disclosed by Atmos Energy or is required to be disclosed by valid legal process, provided, however, that prior to any such disclosure, if reasonably practicable, the Executive must first notify Atmos Energy and cooperate with Atmos Energy (at Atmos Energy’s expense) in seeking a protective order.  

11.Enforceability of Agreement. In the event that any one or more of the provisions contained in this Agreement shall for any reason be held to be unenforceable under the applicable law, the rest of the Agreement shall continue to apply.

12.Other Agreements. If any provision of any agreement, plan, policy, or other written document between or relating to Executive and Atmos Energy conflicts with any express provision of this Agreement, the provision of this Agreement will control. In deciding to sign this Agreement, Executive is not relying on any statements or promises except those found in this Agreement.

13.Time to Consider and Cancel.  Executive understands that, pursuant to the Older Workers Benefit Protection Act of 1990, (OWBPA), Executive has the right to consult an attorney at his own expense before signing this Agreement, and Atmos Energy has advised Executive to consult an attorney; Executive has at least twenty-one days from the date Executive received this Agreement to consider the Agreement before signing it. Executive may change his mind and cancel the Agreement within seven calendar days after signing it, and the Agreement shall not go into effect until then. Executive agrees that any modifications, material or otherwise, made to this Agreement, do not restart or affect in any manner the original up to twenty-one day consideration period. If Executive decides to cancel this Agreement, Executive understands that Atmos Energy must receive written notice of Executive’s decision directed to the General Counsel’s attention before the seven-day period expires. 

14.Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Texas.

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15.Executive’s Heirs, etc.  This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devisees and legatees.  If Executive should die while any amounts would still be payable to him hereunder as if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms hereof to his designee, or if there is no such designee, to his estate.

16.Publicity. The Parties will consult with each other prior to issuing any publication or press release of any nature with respect to this Agreement and shall not make or issue any such publication or press release prior to such consultation and without the prior written consent of the other Party except to the extent, but only to such extent, that, in the opinion of the Party issuing such publication or press release, such announcement or statement may be required by law, any listing agreement with any securities exchange or any securities exchange regulation.

17.Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. This Agreement shall be deemed performable by all Parties in Dallas County, Texas and the construction and enforcement of this Agreement shall be governed by Texas law without regard to its conflicts of law rules.

BY SIGNING BELOW, EXECUTIVE ACKNOWLEDGES THAT HE HAS READ THIS AGREEMENT, HAS HAD THE OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF HIS CHOICE, UNDERSTANDS IT, AND IS VOLUNTARILY ENTERING INTO IT.  READ THIS AGREEMENT CAREFULLY.  IT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
Each of the Parties has caused this Agreement to be executed as of the day and year indicated below.
 

Atmos Energy Corporation

By:  /s/ KIM R. COCKLIN       Date: 1/17/2017
      Name:  Kim R. Cocklin
      Title:  Chief Executive Officer

By:  /s/ BRET J. ECKERT        Date: 1/17/2017   
       Bret J. Eckert

5Exhibit 10.1

 

SERVICES AGREEMENT

 

THIS SERVICES
AGREEMENT (the “Agreement”) is entered into as of January 13, 2017 by and between uSell.com, Inc., a Delaware
corporation and its Affiliates (collectively, the “Service Provider”) and XXXX,  a Delaware limited
liability company (the “Company”). Capitalized terms not defined herein shall have the meaning given to such
terms in the LLC Agreement (as defined herein).

 

WHEREAS, the Service
Provider is engaged in the purchasing of cell phones, smart phones, tablets and related accessories (“Inventory”),
refurbishing or repairing such Inventory and reselling such Inventory (the “Business”) and its personnel (“Personnel”)
have experience in all aspects of the Business;

 

WHEREAS, XXXXXX,
a Delaware limited liability company that is a member of the Company (“XXX”) and the Service Provider, also
a member of the Company, formed the Company and are entering into a Limited Liability Company Agreement as of the date hereof (the
“LLC Agreement”) to set forth the respective rights, privileges, preferences and obligations as members of the
Company, including their rights to receive distributions of cash (“Distributions”) from the Company;

 

WHEREAS, the Company
wishes to engage the Service Provider to provide, and the Service Provider wishes to provide, administrative and inventory management
services to the Company, either directly or through one or more of its wholly owned Affiliates including, but not limited to, (i)
the purchase, shipping, distribution and sales of Inventory, (ii) the provision of back office services such as accounting, financial
reporting, preparation of financial statements, billing, collection of accounts receivable, payment of accounts payable, quality
assurance, the triage and classification of Inventory in accordance with its quality and resale value, (iii) the warehousing of
the Inventory and the maintenance of a “virtual warehouse” to separate the Inventory of the Company from that of the
Service Provider, (iv) the maintenance of the Company’s relationships with vendors and customers, (v) preparation, filing
and payment of state and federal regulatory and tax filings and maintenance of the books and records of the Company and (vi) the
provision of such other services to the Company as the Service Provider currently provides, and from time to time during the term
of this Agreement provides, for its own Business, including the services required to be undertaken by the Company as set forth
in Sections 3.3, 8.1, 8.2 and 9.4 (with XXXX’s review, oversight, input and consent) of the LLC Agreement (collectively,
the “Services”);

 

NOW, THEREFORE,
in consideration of the premises and the mutual agreements herein contained, the Service Provider and the Company agree as follows:

 

ARTICLE I

RETENTION; SERVICES

AND POWERS OF THE SERVICE PROVIDER

 

1.1.         Retention
of the Service Provider. The Company hereby engages the Service Provider to exclusively provide the Services to the Company
as provided in this Agreement.

 

     

     

    

 

1.2.         Key
Personnel. The Service Provider shall make available to the Company the Service Provider’s Personnel of the same level
of experience and the same number of Personnel as the Service Provider engages such Personnel for its own Business. Provided,
however, the parties acknowledge that under a Note Purchase Agreement of even date herewith (the “NPA”),
the Service Provider is borrowing $8,660,000 from an Affiliate of the Company which will used for a business which is competitive
with the Business. For all purposes under this Agreement, the parties agree that the Service Provider shall be entitled to purchase
Inventory for the Service Provider’s account and not for the Company’s account until the Service Provider has no available
capital to purchase Inventory for its own account.

 

1.3.         Standard
of Performance and Care. The Service Provider agrees that in providing the Services under this Agreement it shall (i) provide
such Services in accordance with the LLC Agreement in good faith, (ii) exercise the same standard of care, skill, prudence, consistency,
quality and diligence as the Service Provider applies and has historically applied with respect to its Personnel and in the conduct
of the Service Provider’s Business, including specifically with respect to the Inventory purchased by the Service Provider
on behalf of the Company and (iii) pursue the Business on behalf of the Company in the same manner and with the same standards
as it pursues and has historically pursued on behalf of its own business. In exercising any of its rights or performing its duties
under this Agreement, the Service Provider shall perform its obligations under this Agreement in a manner that satisfies and is
in accordance and material compliance with all applicable laws, rules and regulations and is in accordance and compliance with
the LLC Agreement.

 

1.4.         Inventory
Management. The Service Provider covenants that it shall maintain “virtual” warehouses to manage, account for and
hold the Inventory separate and apart from any inventory purchased or held for its own account. The Service Provider will purchase
Inventory on behalf of the Company under purchase orders that are separate from any purchase order for the Service Provider’s
own Business (i.e., no “split” purchase orders). Except in accordance with this Agreement, the Service Provider shall
not commingle any Inventory purchased on behalf of the Company and inventory purchased for its own account, and shall in all events
separately track and account for, any Inventory it purchases on behalf of the Company and inventory it purchases for its own account,
including any related information such as sales, revenue, expenses, identification, shipping, distribution, points of sale, location,
invoicing, data entry and books and records.

 

1.5.         Cash
Management. The Service Provider shall request release and disbursement of funds to purchase Inventory on behalf of the Company
as set forth in, and shall otherwise comply in all respects with, Section 2.9 of the LLC Agreement.

 

1.6.         Cooperation.
In connection with the provision and receipt, as applicable, of Services, the parties shall cooperate with each other with
regard to the exchange of information and the conduct of the Business.

 

1.7.         Insurance.
The Service Provider shall (i) at the Company’s expense, within ten (10) Business Days after the date of this Agreement,
obtain and maintain property insurance on behalf of the Company covering all of the Company’s insurable properties (including,
the Inventory) and general liability insurance, in each case in amounts acceptable to the Company (and in the case of Inventory
in an amount equal to at least the cost of the Company’s Inventory), and (b) cause all premiums on such insurance policies
to be paid in a timely manner.

 

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ARTICLE II

COMPENSATION OF THE

SERVICE PROVIDER; FEES AND EXPENSES

 

2.1.         Service
Provider Compensation. The Service Provider’s compensation for the Services provided to the Company hereunder, shall
be solely the right to receive the Distributions allocated to it pursuant to the LLC Agreement, and for the avoidance of any doubt,
except as provided in this Section 2.1, the Service Provider shall not be entitled to any compensation or reimbursement of costs
(including rent) or expenses for providing the Services. Notwithstanding the foregoing, the Company shall be responsible for and
pay (i) all expenses for the following items with respect to the Business, which are separately tracked by the Service Provider:
payments to vendors or consultants for Inventory, cost of Inventory, third party sales commissions on purchases or sales of the
Company’s Inventory, inbound shipping costs, eBay/Paypal/Amazon fees, outbound shipping costs (only when separately tracked),
(ii) all third-party auditing expenses relating to an audit but only to the extent that XXXX has requested an audit of the Company
and third-party accounting expenses reasonably necessary to prepare tax returns of the Company, provided that the Service Provider
shall obtain XXXX’s prior written consent to the accountant(s) or accounting firm that will prepare such tax returns, which
consent will not be unreasonably withheld, and (iii) its allocable share of outbound shipping costs (when not separately tracked
in accordance with Section 2.1(i) above), direct repair and refurbishment expenses (including direct labor and supplies such as
boxes, lens tape, etc.), cellular, smart phone, and tablet supplies (parts, unlocking fees, ESN checks, etc.) and any other expenses
that are not separately tracked pursuant to Section 2.1(i) above with respect to the Company’s Business for the prior calendar
month based on the number of cell phones, smart phones, tablets and related accessories sold or processed, as applicable, by the
Company in such prior month over the aggregate number of cell phones, smart phones, tablets and related accessories sold or processed,
as applicable, by the Company and the Service Provider, provided, however, that all such costs and expenses are consistent
with the Service Provider’s practices with respect to its own inventory and business; provided further, however,
that the costs to be reimbursed by the Company pursuant to Section 2.1(iii) shall not be paid by the Company to the Service Provider
until the Inventory attributable to such costs has been sold by the Company. The Service Provider will provide XXXX with
supporting detail and calculations of the costs and expenses to be paid by the Company under this Section 2.1.

 

2.2.         Service
Provider Expenses. Except as expressly set forth in Section 2.1, the Service Provider shall bear and be charged with all of
the costs and expenses of the Service Provider whether incurred before or after the date hereof, in connection with the Services
rendered or to be rendered by the Service Provider to or on behalf of the Company.

 

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ARTICLE III

EXCULPATION AND INDEMNIFICATION

 

3.1.         Exculpation
and Indemnification.

 

(a)          Neither
the Service Provider, nor any of its Affiliates, nor the managers, members, affiliates, partners, directors, officers, employees,
shareholders and other representatives and agents of the Service Provider (each, a “Service Provider Indemnified Party”),
shall be liable to the Company, or its Affiliates, or to any of their members, managers, officers, directors, shareholders, employees,
consultants, independent contractors or other representatives or agents for monetary damages for any losses, claims, damages or
liabilities (“Damages”) arising from any act performed or omitted by such parties arising out of the performance
by the Service Provider of its Services under this Agreement or the Company’s Business or affairs, except to the extent that
any such Damages are attributable to the gross negligence or willful misconduct of such Service Provider Indemnified Party or breach
of this Agreement by any such Service Provider Indemnified Party, in which case the Service Provider shall indemnify and hold harmless
the Company and its members and their respective members, managers, officers, directors, shareholders, employees, consultants or
other representatives or agents (each, a “Company Indemnified Party”) for all Damages arising from any act or
omission with respect to which the Service Provider has been found to have been grossly negligent or to have engaged in willful
misconduct or breach of this Agreement in the same manner as the Indemnified Parties are entitled to indemnification from the Company
as set forth in Section 3.1(b).

 

(b)          The
Company shall, to the fullest extent permitted by applicable law, indemnify, defend and hold harmless the Service Provider Indemnified
Parties against any Damages to which the Service Provider Indemnified Parties may become subject in connection with any matter
arising out of the performance by the Service Provider of its Services under this Agreement or the Company’s Business or
affairs, except, with respect to the Service Provider Indemnified Parties to the extent that any such Damages are attributable
to the gross negligence or willful misconduct of a Service Provider Indemnified Party or breach of this Agreement by a Service
Provider Indemnified Party, in which case the Company Indemnified Parties shall be indemnified and held harmless by the Service
Provider as set forth in Section 3.1(a). If the Service Provider Indemnified Parties become involved in any capacity in any action,
proceeding or investigation in connection with any matter arising out of the performance by the Service Provider of its Services
under this Agreement or the Company’s Business or affairs, the Company shall advance to the Service Provider Indemnified
Parties their reasonable legal and other expenses (including the cost of any investigation and preparation) as they are incurred
in connection therewith; provided, however, that the Service Provider Indemnified Parties shall promptly repay to
the Company the amount of any such reimbursed expenses paid to them or on their behalf if it shall ultimately be finally determined
that the Service Provider Indemnified Parties were not entitled to be indemnified by the Company in connection with such action,
proceeding or investigation.

 

(c)          The
provisions of this Article III shall inure to the benefit of the Service Provider Indemnified Parties, and any successors, assigns,
heirs and personal representatives of such Service Provider Indemnified Parties.

 

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ARTICLE IV

MISCELLANEOUS

 

4.1.         Duration
and Termination. This Agreement shall commence on the date first set forth above and terminate (i) at XXXX’s election
upon Service Provider’s breach of this Agreement and failure to cure such breach within fifteen (15) days after delivery
of notice by XXXX to Service Provider of such breach, or within thirty (30) days after delivery of such notice if such breach is
not reasonably capable of being cured within fifteen (15) days, (ii) upon dissolution of the Company as provided in the LLC Agreement,
or (iii) upon the mutual agreement of the parties.

 

4.2.         Status
of the Service Provider. Except in the rendering of the Services on behalf of the Company, the Service Provider shall be an
independent contractor and shall have no authority to act for or represent the Company in any way or otherwise be deemed an agent
of the Company.

 

4.3.         Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given:

 

(a)          upon
personal deliver to the party to be notified;

 

(b)          when
sent by confirmed facsimile if sent during normal business hours of the recipient, or, if not, then on the next business day;

 

(c)          five
(5) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or

 

(d)          one
(1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification
of receipt.

 

All communications shall
be sent as follows:

 

If to the Service Provider, to:

 

uSell.com, Inc.

33 East 33rd St., Suite 1101

New York, NY 10016

Attention: Nik Raman, CEO

nik@usell.com

 

And to:

 

BST Distribution, Inc.

We Sell Cellular LLC

150 Executive Drive, Suite Q

Edgewood, NY 11717

Attention: Brian Tepfer, CEO

btepfer@wesellcell.com

 

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if to the Company, to:

 

XXXX

 

or at such other address as any party may designate by written notice
to the other parties hereto given in accordance herewith.

 

4.4.         Further
Assurances. The parties hereto shall promptly execute, deliver, file or record such agreements, instruments, certificates and
other documents and take such actions as the other parties may reasonably request or as may otherwise be necessary or proper to
carry out the terms and provisions of this Agreement and to consummate and perfect the transactions contemplated hereby.

 

4.5.         Binding
Effect; Assignment. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and
be binding upon, the successors, heirs, executors and administrators of the parties hereto and shall inure to the benefit of and
be enforceable by each party. This Agreement shall not be assignable by a party without the prior written consent of the other
party.

 

4.6.         Governing
Law, Jurisdiction and Waiver of Jury Trial.

 

(a)          THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

 

(b)          THE
PARTIES HEREBY CONSENT AND AGREE THAT THE STATE OR FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE
EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE PARTIES PERTAINING TO THIS AGREEMENT OR TO ANY
MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT; PROVIDED, THAT EACH PARTY ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY
HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK. EACH PARTY EXPRESSLY SUBMITS AND CONSENTS
IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HEREBY WAIVES ANY OBJECTION THAT
IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS. EACH PARTY HEREBY WAIVES PERSONAL
SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS,
COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT THE ADDRESS SET FORTH IN SECTION
4.3 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON SUCH PARTY’S ACTUAL RECEIPT THEREOF OR FIVE (5) BUSINESS DAYS
AFTER DEPOSIT IN THE U.S. MAIL, PROPER POSTAGE PREPAID.

 

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(c)          THE
PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION
OF THE BENEFITS OF THE JUDICIAL SYSTEM AND/OR OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION,
SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN ANY PARTY ARISING OUT
OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE
TRANSACTIONS RELATED HERETO.

 

4.7.         XXXX
as Third Party Beneficiary. XXXX shall be a third party beneficiary of this Agreement. The Service Provider and the Company
expressly agree that XXXX shall be entitled to enforce the Company’s rights hereunder to the same extent that the Company
is entitled to enforce this Agreement whether in law or in equity. Except for XXXX, the Service Provider Indemnified Parties and
the Company Indemnified Parties, nothing herein expressed or implied is intended or shall be construed to confer upon or give to
any person or corporation other than the parties hereto and their successors or assigns, any rights or remedies under or by reason
of this Agreement. XXXX shall have the right at any time during normal business hours to inspect and audit books and records of
the Service Provider in connection with and related to the Services and the Service Provider promptly will provide to XXXX information
requested by XXXX in connection with and related to the Services.

 

4.8.         Severability.
Wherever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement shall be prohibited by or invalid or illegal under applicable law such provision shall
be ineffective to the extent of such prohibition or invalidity or illegality, without invalidating the remainder of such provision
or the remaining provisions thereof which shall not in any way be affected or impaired thereby.

 

4.9.         Waiver.
No course of dealing or omission or delay on the part of any party hereto in asserting or exercising any right hereunder shall
constitute or operate as a waiver of any such right. No waiver of any provision hereof shall be effective, unless in writing and
signed by or on behalf of the party to be charged therewith. No waiver shall be deemed a continuing waiver or waiver in respect
of any other or subsequent breach or default, unless expressly so stated in writing.

 

4.10.       Entire
Agreement. This Agreement, the exhibits and schedules hereto and thereto and the other documents delivered pursuant hereto
constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof.

 

4.11.       Amendment.
This Agreement may be amended or modified only upon the written consent of all the parties hereto.

 

    	 	7	 

     

    

 

4.12.       Delays
or Omissions; Remedies. It is agreed that no delay or omission to exercise any right, power or remedy accruing to any party,
upon any breach, default or noncompliance by another party under this Agreement shall impair any such right, power or remedy, nor
shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or in any
similar breach, default or noncompliance thereafter occurring. All remedies, either under this Agreement, by law or otherwise afforded
to any party, shall be cumulative and not alternative. The parties shall have all rights and remedies set forth herein and all
rights and remedies that the parties have been granted at any time under any other agreement or contract and all of the rights
that the parties have under any law. Any person having any rights under any provision of this Agreement shall be entitled to enforce
such rights specifically (without any requirement to post a bond or other security or prove actual damages, which requirements
each of the parties waives to the fullest extent permitted by law), to recover damages by reason of any breach of any provision
of this Agreement and to exercise all other rights granted by law.

 

4.13.       Attorneys’
Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the prevailing party in
such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing
party under or with respect to this Agreement, including such reasonable fees and expenses of attorneys and accountants, which
shall include all fees, costs and expenses of appeals.

 

4.14.       Titles
and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not
to be considered in construing this Agreement.

 

4.15.       Signatures;
Counterparts. This Agreement may be executed by facsimile or electronic signatures and in any number of counterparts, each
of which shall be an original, but all of which together shall constitute one agreement.

 

4.16.       Construction.
Each party acknowledges that its legal counsel participated in the preparation of this Agreement and, therefore, stipulates that
the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation
of this Agreement to favor any party against the other. Unless the context otherwise requires, (i) words in the singular or plural
include the singular and plural and pronouns stated in either the masculine, the feminine or neuter gender shall include the masculine,
feminine and neuter, (ii) the words “hereof,” “herein” and words to similar effect refer to this Agreement
in its entirety, and (iii) the use of the word “including” in this Agreement shall be by way of example rather than
limitation.

 

[Remainder of page intentionally left blank]

 

    	 	8	 

     

    

 

IN WITNESS WHEREOF, this Services Agreement is hereby executed
as of the date first written above.

 

	USELL.COM, INC.	 	XXXXX,  by XXXX, its Manager
	 	 	 
	By:	 	 	By:	 
	Name:  Nikhil Raman	 	Name:
	Title:  CEO	 	Title:  

 

Each of the following affiliates or subsidiaries of uSell agrees
to be bound by the terms and conditions of this Agreement as it applies to affiliates or subsidiaries:

	BST DISTRIBUTION, INC., a New York corporation	 	 
	 	 	 
	By:	 	 	 
	 	Name:  Brian Tepfer	 	 
	 	Title:  Chief Executive Officer	 	 
	 	 	 
	WE SELL CELLULAR LLC, 

a Delaware limited liability company	 	Upstream Phone Company USA, Inc., a Delaware corporation
	 	 	 
	By:	 	 	By:	 
	 	Name:  Nikhil Raman	 	 	Name:  Nikhil Raman
	 	Title:  Manager	 	 	Title:  President
	 	 	 
	UPSTREAM PHONE HOLDINGS, INC., a Delaware corporation	 	HD CAPITAL HOLDINGS LLC, 

a Delaware limited liability company
	 	 	 
	By:	 	 	By:	 
	 	Name:  Nikhil Raman	 	 	Name:  Daniel Brauser
	 	Title:  President	 	 	Title:  Manager

 

    	 	9

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