Document:

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
is effective as of February 2, 2016 (“Effective Date”) between OncBioMune Pharmaceuticals, Inc., a Nevada corporation
(the “Company”) and Andrew Kucharchuk (“Executive”).

 

RECITAL

 

The Company and Executive
desire to enter into this Agreement to ensure the Company of the services of Executive, to provide for compensation and other benefits
to be paid and provided by the Company to Executive in connection therewith, and to set forth the rights and duties of the parties
in connection therewith.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the mutual promises herein contained, the parties hereby agree as follows:

 

1. Title; Directorship.

 

(a) Title. The Company hereby employs
Executive as President and Chief Financial Officer, and Executive hereby accepts such employment, on the terms and conditions set
forth herein. During the term of this Agreement, Executive shall be and have the title, duties and authority of President and Chief
Financial Officer of the Company and shall devote his entire business time and all reasonable efforts to his employment and shall
perform diligently such duties as are customarily performed by the President and Chief Financial Officer of companies the size
and structure of the Company, together with such other duties as may be reasonably required from time to time by the Board of Directors
of the Company. Executive shall report to the Chief Executive Officer of the Company.

 

(b) Directorship. Management of the
Company will, at every election for the Board of Directors while Executive is employed by the Company as President and Chief Financial
Officer, use its best efforts to have Executive nominated for a seat on the Board as a member of the management slate. Executive’s
nomination and continuation as a director shall be subject to the will of the Board of Directors and the Company’s stockholders,
as provided in the Company’s charter and bylaws. Removal of Executive from, or non-election of Executive to, the Board of
Directors as provided in the Company’s charter and bylaws shall in no event be deemed a breach of this Agreement by the Company.

 

2. Term. Subject to the provisions
for termination hereinafter provided, the term of this Agreement shall begin on the date hereof and shall end at 11:59 p.m., local
time, on February 1, 2019, provided, however, that the term of this Agreement shall automatically renew for successive one year
terms, unless Executive or the Company gives written notice to the other not less than one hundred twenty (120) days prior to February
1, 2019 or the expiration of any such one-year term that he or it, as the case may be, is electing not to so extend the term of
this Agreement (the “Employment Period”). Notwithstanding the foregoing, the term of this Agreement shall end
on the date on which Executive’s employment is earlier terminated by him or the Company in accordance with the provisions
of Paragraph 7(a) below.

 

    	 

    	 	 	 

    

 

3. Outside Interests. Executive shall
not, without the prior written consent of the Company, directly or indirectly, during the term of this Agreement, other than in
the performance of duties naturally inherent to the business of the Company and in furtherance thereof, render services of a business,
professional or commercial nature to any other person or firm, whether for compensation or otherwise; provided, however, that Executive
may attend to outside investments, and serve as a director, trustee or officer of, or otherwise participate in, educational, welfare,
social, religious and civic organizations so long as such activities do not materially interfere with his full-time employment
hereunder.

 

4. Compensation.

 

(a) Salary. For all services he may render
to the Company during the term of this Agreement, the Company shall pay to Executive the following salary in those installments
customarily used in payment of salaries to the Company’s senior executives (but in no event less frequently than monthly):

 

(i) for calendar year 2016, a salary of Two
Hundred Thousand Dollars ($200,000);

 

(ii) for the calendar year beginning on January
1, 2017, and for each calendar year thereafter during the term of this Agreement, a salary determined by the Board of Directors,
which in no event shall be less than the annual salary that was payable by the Company to Executive under this Paragraph 4(a) for
the immediately preceding calendar year.

 

(b) Bonus. The Executive shall be eligible
for an annual target bonus payment in an amount equal to ten percent (10%) of his Base Salary (the “Bonus”). The Bonus
shall be determined based on the achievement of certain performance objectives of the Company as established by the Board of Directors
and communicated to the Executive in writing as soon as practicable after commencement of the year in respect of which the Bonus
is paid. The Bonus may be greater or less than the target Bonus (ranging from a threshold Bonus to a maximum Bonus), based on the
level of achievement of the applicable performance objectives.

 

(c) Benefits. Executive shall be entitled,
subject to the terms and conditions of the appropriate plans, to all benefits provided by the Company to senior executives generally
from time to time during the term of this Agreement.

 

(d) Vacation. Executive shall be entitled
to three (3) weeks of paid vacation per year, which cannot be carried over from year to year without prior written approval from
the Board.

 

(e) Automobile. Executive shall be entitled
to use of a Company automobile (or a monthly car allowance, not to exceed $500) and the Company shall provide automobile insurance
therefor.

 

(f) Medical/Health Insurance. The Company
shall provide Executive with medical/health insurance.

 

(g) Cell Phone. The Company shall provide
Executive with a cell phone.

 

(h) Business Expenses. Upon delivery
of proper documentation therefor, Executive shall be reimbursed for all travel, hotel and business expenses when incurred on Company
business during the term of this Agreement.

 

(i) Perquisites. Executive shall be
entitled to such perquisites, including use of an automobile, as are provided by the Company to senior executives generally from
time to time during the term hereof.

 

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5. Executive Stock Award/Equity Incentive
Plans. During the term of this Agreement, Executive shall participate in any executive stock award/equity incentive plans the
Company’s Board of Directors may adopt.

 

6. Payment in the Event of Death or Disability.

 

(a) In the event of Executive’s death
or Disability during the term of this Agreement, for a period equal to the lesser of (i) twelve (12) months following the date
of such death or Disability or (ii) the balance of the term that would have remained hereunder at such date had Executive’s
death or disability not occurred, the Company shall continue to pay to Executive (or his estate) Executive’s then effective
per annum rate of salary, as determined under Paragraph 4(a), and provide to Executive (or to his family members covered under
his family medical coverage) the same family medical coverage as provided to Executive on the date of such death or Disability.

 

(b) Except as otherwise provided in Paragraph
6(a), in the event of Executive’s death or Disability Executive’s employment hereunder shall terminate and Executive
shall be entitled to no further compensation or other payments or benefits under this Agreement, except as to any unpaid salary,
bonus, or benefits accrued and earned by him up to and including the date of such death or Disability.

 

(c) For purposes of this Agreement, Executive’s
Disability shall be deemed to have occurred after one hundred fifty (150) days in the aggregate during any consecutive twelve (12)
month period, or after ninety (90) consecutive days, during which one hundred fifty (150) or ninety (90) days, as the case may
be, Executive, by reason of his physical or mental disability or illness, shall have been unable to discharge his duties hereunder.
The date of Disability shall be such one hundred fiftieth (150th) or ninetieth (90th) day, as the case may be. If the Company or
Executive, after receipt of notice of Executive’s Disability from the other, dispute that Executive’s Disability shall
have occurred, Executive shall promptly submit to a physical examination by the chief of medicine of any major accredited hospital
selected by the Company and, unless such physician shall issue his written statement to the effect that in his or her opinion,
based on his or her diagnosis, Executive is capable of resuming his employment and devoting his full time and energy to discharging
his duties within thirty (30) days after the date of such statement, such Disability shall be deemed to have occurred.

 

(d) The payments to be made by the Company
to Executive hereunder shall be offset and reduced by the amount of any insurance proceeds (on a tax-effected basis) paid to Executive
(or his estate) from insurance policies obtained by the Company other than insurance policies provided under Company-wide employee
benefit and welfare plans.

 

7. Termination.

 

(a) The employment of Executive under this
Agreement:

 

(i) shall be terminated automatically upon
the death or Disability of Executive;

 

(ii) may be terminated for Cause at any time
by the Company, with any such termination not being in limitation of any other right or remedy the Company may have under this
Agreement or otherwise;

 

(iii) may be terminated at any time by the
Company without Cause with 30 days’ advance notice to Executive;

 

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(iv) may be terminated at any time by Executive
with thirty (30) days’ advance notice to the Company, and shall be terminated automatically if Executive does not accept
assumption of this Agreement by, or an offer of employment from, a purchaser of all or substantially all of the assets of the Company;
or

 

(v) may be terminated at any time by Executive
if the Company materially breaches this Agreement and fails to cure such breach within thirty (30) days of written notice of such
breach from Executive, provided that Executive has given notice of such breach within ninety (90) days after he has knowledge thereof
and the Company did not have Cause to terminate Executive at the time such breach occurred.

 

(b) Upon any termination hereunder, Executive
shall be deemed automatically to have resigned from all offices and any directorship held by him in the Company, unless the Company
informs Executive otherwise.

 

(c) Executive’s employment with the Company
for all purposes shall be deemed to have terminated as of the effective date of such termination hereunder (the “Date of
Termination”), irrespective of whether the Company has a continuing obligation under this Agreement to make payments or provide
benefits to Executive after such date.

 

8. Certain Termination Payments.

 

(a) If Executive’s employment with the
Company is terminated by the Company without Cause or by Executive pursuant to Paragraph 7(a)(v), the Company shall (i) continue
to pay to Executive the per annum rate of salary then in effect under Paragraph 4(a) and provide him and his family with the benefits
described in Paragraph 4 then in effect (unless the terms of the applicable plans expressly prohibit the continuation of such benefits
after such termination and cannot be amended, with applicability of such amendment limited to Executive, to provide for such continuation,
in which case the Company shall procure and pay for substantially similar substitute benefits except for any pension or 401(k)
Plan benefit) for the balance of the term that would have remained hereunder had such termination not occurred.

 

(b) If Executive’s employment is terminated
by the Company with Cause or is terminated pursuant to Paragraph 7(a)(iv), Executive shall be entitled to no further compensation
or other payments or benefits under this Agreement, except as to that portion of any unpaid salary and benefits accrued and earned
by him under Paragraph 4 up to and including the Date of Termination.

 

9. Definitions.

 

(a) “Beneficial Owner” shall have
the meaning provided in Rule 13d-3 promulgated under the Exchange Act.

 

(b) “Cause” means:

 

(i) Executive’s conviction of, or plea
of “no contest” to, a felony;

 

(ii) Executive’s willfully engaging
in an act or series of acts of gross misconduct that result in demonstrable and material injury to the Company; or

 

(iii) Executive’s material breach of
any provision of this Agreement, which breach has not been cured in all material respects within twenty (20) days after the Company
gives notice thereof to Executive.

 

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(c) “Person” shall have the meaning
provided in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and as used in
Sections 13(d) and 14(d) thereof, and shall include a “group” (as defined in Section 13(d) of the Exchange Act).

 

10. Certain Covenants

 

(a) Noncompete and Nonsolicitation.
Executive acknowledges the Company’s reliance on and expectation of Executive’s continued commitment to performance
of his duties and responsibilities during the term of this Agreement. In light of such reliance and expectation, during the term
hereof and for one (1) year after termination of Executive’s employment and this Agreement under Paragraph 7 hereof, other
than termination by the Company without Cause or termination by Executive pursuant to Paragraph 7(a)(v), Executive shall not, directly
or indirectly, do or suffer any of the following:

 

(i) Own, manage, control or participate in
the ownership, management, or control of, or be employed or engaged by or otherwise affiliated or associated as a consultant, independent
contractor or otherwise with, any corporation, partnership, proprietorship, firm, association or other business entity, or otherwise
engage in any business, which is in competition with the business of the Company as and where conducted by it at the time of such
termination; provided, however, that the ownership of not more than five percent (5%) of any class of publicly traded securities
of any entity shall not be deemed a violation of this covenant;

 

(ii) Solicit the employment of, assist in
the soliciting the employment of, or otherwise solicit the association in business with any person or entity of, any employee,
consultant or agent of the Company; or

 

(iii) Induce any person who is a customer
of the Company to terminate said relationship.

 

(b) Nondisclosure; Return of Materials.
During the term of his employment by the Company and following termination of such employment, Executive will not disclose (except
as required by his duties to the Company), any concept, design, process, technology, trade secret, customer list, plan, embodiment
or invention, any other intellectual property (“Intellectual Property”) or any other confidential information, whether
patentable or not, of Company of which Executive becomes informed or aware during his employment, whether or not developed by Executive.
In the event of the termination of his employment with the Company or the expiration of this Agreement, Executive will return to
the Company all documents, data and other materials of whatever nature, including, without limitation, drawings, specifications,
research, reports, embodiments, software and manuals that pertain to his employment with the Company or to any Intellectual Property
and shall not retain or cause or allow any third party to retain photocopies or other reproductions of the foregoing.

 

(c) Executive expressly agrees and understands
that the remedy at law for any breach by him of this Paragraph 10 may be inadequate and that the damages flowing from such breach
are not easily measured in monetary terms. Accordingly, it is acknowledged that, upon adequate proof of Executive’s violation
of any provision of this Paragraph 10, the Company shall be entitled to immediate injunctive relief and may obtain a temporary
order restraining any threatened or further breach and may withhold any amounts owed to Executive pursuant to this Agreement. Nothing
in this Paragraph 10 shall be deemed to limit the Company’s remedies at law or in equity for any breach by Executive of any
of the provisions of this Paragraph 10 that may be pursued by the Company.

 

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(d) If Executive shall violate any legally
enforceable provision of this Paragraph 10 as to which there is a specific time period during which he is prohibited from taking
certain actions or from engaging in certain activities, as set forth in such provision, then, in such event, such violation shall
toll the running of such time period from the date of such violation until such violation shall cease.

 

(e) Executive has carefully considered the
nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company under this Paragraph 10,
and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition that
otherwise would be unfair to the Company, do not stifle the inherent skill and experience of Executive, would not operate as a
bar to Executive’s sole means of support, are fully required to protect the legitimate interests of the Company and do not
confer a benefit upon the Company disproportionate to the detriment to Executive.

 

11. Withholding Taxes. All payments
to Executive hereunder shall be subject to withholding on account of federal, state and local taxes as required by law.

 

12. No Conflicting Agreements. Executive
represents and warrants that he is not a party to any agreement, contract or understanding, whether an employment contract or otherwise,
that would restrict or prohibit him from undertaking or performing employment in accordance with the terms and conditions of this
Agreement.

 

13. Severable Provisions. The provisions
of this Agreement are severable and if any one or more of its provisions is determined to be illegal or otherwise unenforceable,
in whole or in part, the remaining provisions and any partially unenforceable provision to the extent enforceable in any jurisdiction
nevertheless shall be binding and enforceable.

 

14. Binding Agreement. The rights
and obligations of the Company under this Agreement shall inure to the benefit of, and shall be binding on, the Company and its
successors and assigns, and the rights and obligations (other than obligations to perform services) of Executive under this Agreement
shall inure to the benefit of, and shall be binding upon, Executive and his heirs, personal and legal representatives, executors,
successors and administrators. The Company may assign this Agreement to a purchaser (or an affiliate of a purchaser) of all or
substantially all the assets of the Company. As used in this Agreement, the “Company” shall mean the Company as hereinbefore
defined and any successor or assign to its assets as aforesaid that becomes bound by all the terms and provisions of this Agreement.
If the Executive should die while any amounts are still payable to him, all such amounts, unless otherwise provided herein, shall
be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there
be no such designee, to the Executive’s estate.

 

15. Notices. Notices and other communications
hereunder shall be in writing and shall be deemed to have been duly given when sent by certified mail, postage prepaid, addressed
to the intended recipient at the address set forth at the end of this Agreement, or at such other address as such intended recipient
hereafter may have designated most recently to the other party hereto with specific reference to this Paragraph 15.

 

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16. Consent to Jurisdiction. Executive
and the Company each irrevocably: (i) submits to the exclusive jurisdiction of the Louisiana courts and the United States district
court(s) in Louisiana for the purpose of any proceedings arising out of this Agreement or any transaction contemplated by this
Agreement; (ii) agrees not to commence such proceeding except in these courts; (iii) agrees that service of any process, summons,
notice or document by U.S. registered mail to a party’s address as provided herein shall be effective service of process
for any such proceeding; and (iv) waives any objection to the laying of venue of any such proceeding in these courts.

 

17. Waiver of Jury Trial. Each party
waives, to the fullest extent permitted by law, any right he or it may have to a trial by jury in respect of any suit, action or
proceeding arising out of this Agreement or any transaction contemplated by this Agreement. Each party certifies that no representative,
agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of
litigation, seek to enforce this waiver; and acknowledges that he or it and the other party have been induced to enter into this
Agreement by, among other things, the mutual waivers and certifications in this Paragraph 17.

 

18. Waiver. The failure of either
party to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision as to any
future violation thereof, or prevent that party thereafter from enforcing each and every other provision of this Agreement. The
rights granted the parties herein are cumulative and the waiver of any single remedy shall not constitute a waiver of such party’s
right to assert all other legal remedies available to it under the circumstances.

 

19. Miscellaneous. This Agreement
supersedes all prior agreements and understandings between the parties. This Agreement may not be modified or terminated orally.
All obligations and liabilities of each party hereto in favor of the other party hereto relating to matters arising prior to the
date hereof have been fully satisfied, paid and discharge. No modification, termination or attempted waiver shall be valid unless
in writing and signed by the party against whom the same is sought to be enforced.

 

20. Governing Law. This Agreement
shall be governed by and construed according to the laws of the State of Louisiana.

 

21. Captions and Paragraph Headings.
Captions and paragraph headings used herein are for convenience and are not a part of this Agreement and shall not be used in construing
it.

 

22. Enforcement Costs. If any legal
action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default
or misrepresentation in connection with any provision of this Agreement, the successful or prevailing party or parties shall be
entitled to recover reasonable attorneys' fees, court costs and all expenses even if not taxable as court costs (including, without
limitation, all such fees, costs and expenses incident to arbitration, appellate, bankruptcy and post-judgment proceedings), incurred
in that action or proceeding, in addition to any other relief to which such party or parties may be entitled.

 

23. Rejection of Benefits. If Executive
chooses not to accept any benefits offered by the Company herein, the Company shall not reimburse the Executive for any such benefit
or provide a cash equivalent in lieu of providing such benefit.

 

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IN WITNESS WHEREOF, the parties have executed this Agreement on
the day and year first set forth above

 

	OncBioMune Pharmaceuticals, Inc.	 
	 	 
	By:	/s/
    Jonathan F. Head, Ph.D.	 
	Name: Jonathan F. Head, Ph.D. 	 
	Title: Chief Executive Officer	 
	Date: February 2, 2016	 
	 	 
	/s/
    Andrew Kucharchuk  	 
	Andrew Kucharchuk	 
	 	 
	Date: February 2, 2016	 

 

    	8ADAPTIVE
MEDIAS, INC.

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of February 3, 2016, by and between Adaptive
Medias, Inc., a Nevada corporation (the “Company”), and John Strong (“Executive”).

 

WHEREAS,
the Company desires to employ Executive on the terms and subject to the conditions set forth herein; and

 

WHEREAS,
Executive desires to be employed by the Company on such terms and subject to such conditions.

 

NOW,
THEREFORE, in consideration of the mutual covenants, promises and obligations set forth herein, the parties agree as follows:

 

1.Duties
and Scope of Employment.

 

(a)Term.
Executive’s employment hereunder shall be effective as of February 3, 2016 (the “Effective Date”) and
shall continue until the third (3rd) anniversary thereof, unless terminated earlier pursuant to Section 4 of this Agreement.
The period of Executive’s employment under this Agreement is referred to herein as the “Employment Term.”

 

(b)Position
and Duties. During the Employment Term, Executive shall serve as the Chief Executive Officer of the Company and shall report
to the Company’s Board of Directors (the “Board”). In such position, Executive shall have the duties,
authority and responsibility as are determined from time to time by the Board, which duties, authority and responsibility are
consistent with the Executive’s position.

 

(c)Obligations.
During the Employment Term, Executive will perform Executive’s duties faithfully and to the best of Executive’s ability.
For the duration of the Employment Term, Executive agrees not to actively engage in any other employment, occupation or consulting
activity for any direct or indirect remuneration without the prior approval of the Board.

 

2.At-Will
Employment. The parties agree that Executive’s employment with the Company will be “at-will” employment
and may be terminated at any time with or without Cause or notice. Executive understands and agrees that neither Executive’s
job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis
for modification, amendment, or extension, by implication or otherwise, of Executive’s employment with the Company. However,
as described in this Agreement, Executive may be entitled to severance benefits depending on the circumstances of Executive’s
termination of employment with the Company.

 

3.Compensation.

 

(a)
Base Salary. The Company will initially pay Executive an annual base salary of $72,000 as compensation for Executive’s
services. On January 1, 2017, Executive’s annual base salary shall be increased to $225,000. Executive’s annual base
salary, as in effect from time to time, is referred to herein as Executive’s “Base Salary”. Executive’s
Base Salary will be paid periodically in accordance with the Company’s normal payroll practices and be subject to required
withholdings.

 

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 (b)Restricted
Stock. In connection with the execution of this Agreement, the Company will recommend that the Board grant Executive 2,250,000
shares of the Company’s common stock (the “Shares”) at the fair market value per share of the common
stock on the date of this agreement and the execution of a restricted stock award agreement (the “Award Agreement”)
on the Company’s standard form. Two-thirds (%) of the total number of shares Shares (the “Released Shares”)
shall vest (as defined in the Award Agreement) as of the Effective Date (the “Vesting Commencement Date”)
and will not be subject to the Company’s repurchase option set forth in the Award Agreement. One-third (A3) of the remaining
Shares (the “Unreleased Shares”) shall vest on the first anniversary of the Vesting Commencement Date, and
an additional one-third (A) of the Unreleased Shares shall vest each year thereafter on the same day and month as the Vesting
Commencement Date, subject to Executive’s continuing to provide services to the Company through each such date and the accelerated
vesting provisions set forth herein.

 

(c)Change
of Control. In the event that a Change of Control (as defined below) occurs during the Employment Term or during the ninety
(90) day period following the effective date of any termination of Executive’s employment pursuant to Section 4(a), then:
(i) Executive shall be entitled to receive a lump-sum cash bonus payment (the “Change of Control Bonus”) in
an amount equal to the greater of (A) the product of (x) Executive’s Base Salary, as then in effect, and (y) a fraction,
the numerator of which is the number of days remaining in the Employment Term after the effective date of termination and the
denominator of which is 365 (less applicable withholdings) and (B) twenty four (24) months of Executive’s Base Salary, as
then in effect (less applicable withholdings); and (ii) Executive will be entitled to accelerated vesting with respect to 100%
of the Unreleased Shares, subject to Executive’s continuing to provide services to the Company through such date. As used
in this Agreement, “Change of Control” means (A) any transaction or series of transactions whereby all, or
substantially all, of the assets of the Company are sold, leased, exchanged or transferred, or (B) any person or entity, or group
of affiliated persons or entities, becomes, directly or indirectly, the owner of securities of the Company which represent fifty
percent (50%) or more of the combined voting power or equity of the Company’s then-outstanding securities. This Section
3(c) shall terminate upon the first occurrence of a Change of Control.

 

(d)Employee
Benefits. During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and
hereafter maintained by the Company of general applicability to members of senior management of the Company. The Company reserves
the right to cancel or change the benefit plans and programs it offers to its employees at any time.

 

(e)Expenses.
The Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance
of or in connection with the performance of Executive’s duties hereunder, in accordance with the Company’s expense
reimbursement policies and procedures, as in effect from time to time. All such expenses incurred by Executive in one calendar
year must be reimbursed no later than the last day of the next calendar year. Executive’s right to reimbursement is not
subject to liquidation or exchange for any other benefit.

 

4.
Termination. The Employment Term and Executive’s employment hereunder may be terminated by either the Company or
Executive at any time and for any reason; provided, however, that, unless otherwise provided herein, Executive shall be required
to give the Company at least one (1) month prior written notice of any termination of Executive’s employment by Executive.
Upon termination of the Executive’s employment during the Employment Term, Executive shall be entitled to the compensation
and benefits described in this Section 4 and shall have no further rights to any compensation or any other benefits from the Company
or any of its affiliates.

 

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(a)Termination
for Reasons other than Cause, Death or Disability or Resignation with Good Reason. If (i) the Company (or any parent or subsidiary
or successor of the Company) terminates Executive’s employment with the Company other than for Cause, death or Disability,
or (ii) Executive resigns from such employment for Good Reason, then, subject to Section 5, Executive will be entitled to the
following:

 

(i)Severance
Benefits. Executive will be entitled to (A) a lump-sum payment of severance pay equal to the greater of (I) the product of
(x) Executive’s Base Salary, as then in effect, and (y) a fraction, the numerator of which is the number of days remaining
in the Employment Term after the effective date of termination and the denominator of which is 365 (less applicable withholdings)
and (II) twelve (12) months of Executive’s Base Salary, as then in effect (less applicable withholdings); and (B) provided
that Executive timely elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (“COBRA”) for Executive and Executive’s eligible dependents, reimbursement from the Company for
the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to her termination) for up to Twenty
Four (24) months following the termination date, as long as Executive remains eligible for COBRA; provided, however, that if the
Company determines that reimbursed COBRA premiums would be deemed to be discriminatory or to otherwise violate the then-applicable
provisions of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, and
the guidance and regulations issued thereunder, the Company will in lieu thereof provide to Executive a taxable monthly payment,
payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to
pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be
based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects
COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end
on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal
to twenty four (24) such monthly payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may
be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable
tax withholding.

 

(ii)Accelerated
Vesting. Executive will be entitled to accelerated vesting with respect to 100% of the Unreleased Shares.

 

(b)Termination
for Cause, Death or Disability; Resignation without Good Reason. If Executive’s employment with the Company (or any
parent or subsidiary or successor of the Company) terminates voluntarily by Executive (except upon resignation for Good Reason),
for Cause by the Company or due to Executive’s death or disability, then all payments of compensation by the Company to
Executive hereunder will terminate immediately (except as to amounts already earned), and Executive will only be eligible for
severance benefits in accordance with the Company’s established policies, if any, as then in effect.

 

(c)
Exclusive Remedy. In the event of a termination of Executive’s employment with the Company (or any parent or successor
of the Company), the provisions of this Section 4 are intended to be and are exclusive and in lieu of any other rights or remedies
to which Executive or the Company may otherwise be entitled, whether at law, tort or contract, in equity, or under this Agreement.
Executive will be entitled to no severance or other benefits upon termination of employment other than those benefits expressly
set forth in this Section 4.

 

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5.Conditions
to Receipt of Severance; No Duty to Mitigate.

 

(a)Separation
Agreement and Release of Claims. The receipt of any severance pursuant to Section 4(a) will be subject to Executive signing
and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”)
and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date
(such deadline, the “Release Deadline”). The Release will be provided to Executive within five (5) days of
Executive’s termination of employment and the Release will provide Executive with twenty-one (21) or forty-five (45) days,
depending on the circumstances, to consider whether to sign the Release. If the Release does not become effective and irrevocable
by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance
payments or benefits be paid or provided until the Release becomes effective and irrevocable.

 

(b)Nonsolicitation.
The receipt of any severance benefits pursuant to Section 4(a) will be subject to Executive not violating the obligations of Executive
under Section 14 (Solicitation of Employees). In the event Executive breaches such obligations, all continuing payments and benefits
to which Executive may otherwise be entitled pursuant to Section 4(a) will immediately cease.

 

(c)Section
409A. Notwithstanding anything in this Agreement to the contrary, no severance payment will be made pursuant to Section 6(a)
prior to Executive’s “separation from service” as defined in Treasury Regulation Section 1.409A-1(h). It is
intended that the payment described in Section 6(a) qualify for the “short-term deferral” exception to Section 409A
of the Code and each provision of this Agreement shall be interpreted, to the extent possible, consistent with that intent. Nevertheless,
the Company cannot, and does not, guarantee any particular tax effect or treatment of the severance amount due pursuant to Section
6(a) of this Agreement. Except for the Company’s responsibility to withhold applicable income and employment taxes from
compensation paid or provided to Executive, the Company will not be responsible for the payment of any applicable taxes on compensation
paid or provided to Executive. The Company and Executive agree to work together in good faith to consider amendments to this Agreement
and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or
income recognition prior to actual payment to Executive under Section 409A of the Code.

 

(d)Compliance
with this Agreement. Executive’s receipt of any payments or benefits under Section 4 will be subject to Executive continuing
to comply with the terms of this Agreement.

 

(e)No
Duty to Mitigate. Executive will not be required to mitigate the amount of any payment contemplated by this Agreement, nor
will any earnings that Executive may receive from any other source reduce any such payment.

 

6.Definitions.

 

(a)
Cause. For purposes of this Agreement, “Cause” is defined as: (i) Executive’s conviction of, or
plea of nolo contendere to, a felony or any crime involving fraud, embezzlement or any other act of moral turpitude; (ii)
Executive’s gross misconduct; (iii) Executive’s unauthorized use or disclosure of any proprietary information or trade
secrets of the Company or any other party to whom Executive owes an obligation of nondisclosure as a result of Executive’s
relationship with the Company;

 

    		-4-	 

    	 	 	 

    

 

(iv)
Executive’s willful breach of any obligations under any written agreement or covenant with the Company; or (v) Executive’s
continued failure to perform Executive’s employment duties after Executive has received a written demand of performance
from the Company which specifically sets forth the factual basis for the Company’s belief that Executive has not substantially
performed Executive’s duties and has failed to cure such non-performance to the Company’s satisfaction within ten
(10) business days after receiving such notice.

 

(b)Code.
For purposes of this Agreement, “Code” means the Internal Revenue Code of 1986, as amended.

 

(c)Disability.
For purposes of this Agreement, “Disability” shall be deemed to exist if a medical doctor selected by the Company
certifies that Executive is unable, despite reasonable accommodation, to perform the essential functions of his current position
due to physical or mental illness, injury or other medical condition for a period of not less than six (6) full months in any
twelve (12) month period; provided, however, that in the event the Company temporarily replaces Executive, or transfers
Executive’s duties or responsibilities to another individual on account of Executive’s inability, despite reasonable
accommodation, to perform such functions due to a physical or mental illness, injury or other medical condition that is, or is
reasonably expected to become, a Disability, then Executive’s employment shall not be deemed terminated by the Company and
Executive shall not be able to resign with Good Reason as a result thereof.

 

(d)Good
Reason. For the purposes of this Agreement, “Good Reason” means Executive’s resignation within thirty
(30) days following the expiration of any Company cure period (discussed below) following the occurrence of one or more of the
following, without Executive’s express written consent: (i) a material reduction of Executive’s authority, duties,
position or responsibilities, or the removal of Executive from such position and responsibilities, either of which results in
a material diminution of Executive’s authority, duties or responsibilities (other than temporarily while Executive is physically
or mentally incapacitated or as required by applicable law); (ii) a material reduction in Executive’s Base Salary other
than a general reduction in Base Salary that affects all similarly situated executives in substantially the same proportions;
or (iii) a material change in the geographic location of Executive’s primary work facility or location; provided, however,
that a relocation of less than forty (40) miles from Executive’s then present location will not be considered a material
change in geographic location. Executive will not resign for Good Reason without first providing the Company with written notice
of the acts or omissions constituting the grounds for “Good Reason” within ninety (90) days of the initial existence
of the grounds for “Good Reason” and a reasonable cure period of not less than thirty (30) days following the date
the Company receives such notice during which such condition must not have been cured.

 

7.
Limitation on Payments. None of the payments provided by this Agreement are intended to be contingent upon a change in
control event as described in Section 280G of the Code. However, in the unlikely event that the Company concludes, based upon
the advice of counsel, that any payment or benefit hereunder or otherwise payable to Executive constitutes a “parachute
payment” (as defined in Section 280G(b)(2) of the Code), and the net after-tax amount of any such parachute payment
is less than the net after-tax amount if the aggregate payments and benefits to be made to Executive were three times Executive’s
“base amount” (as defined in Section 280G(b)(3) of the Code), less $1.00, then the aggregate of the amounts
constituting the parachute payments shall be reduced to an amount equal to three times Executive’s base amount, less $1.00,
and the following provisions of this Section 7 shall apply :

 

    		-5-	 

    	 	 	 

    

 

(a)The
For purposes of determining the “net after-tax amount,” the Company will cause to be taken into account all applicable
federal, state and local income and employment taxes and the excise taxes (all computed at the highest applicable marginal rate,
net of the maximum reduction in federal income taxes which could be obtained from a deduction of such state and local taxes).
If a reduction pursuant to this Section 7 is to occur, Executive will have no rights to any additional payments and/or benefits
that are being reduced, and (y) reduction in payments and/or benefits will occur in the following order: (i) reduction of cash
payments, if any, which shall occur in reverse chronological order such that the cash payment owed on the latest date following
the occurrence of the event triggering such excise tax will be the first cash payment to be reduced; and (ii) reduction of other
benefits, if any, paid to Executive, which shall occur in reverse chronological order such that the benefit owed on the latest
date following the occurrence of the event triggering such excise tax will be the first benefit to be reduced. Notwithstanding,
any excise tax imposed will be solely the responsibility of Executive. Notwithstanding the foregoing, to the extent the Company
submits any payment or benefit otherwise payable to Executive under this Agreement or otherwise to the Company’s stockholders
for approval in accordance with Treasury Regulation Section 1.280G-1 Q&A 7, the and such payments and benefits will be treated
in accordance with the results of such vote, the foregoing provisions shall not apply following such submission and such payments
and benefits will be treated in accordance with the results of such vote, except that any reduction in, or waiver of, such payments
or benefits required by such vote will be applied without any application of discretion by the Participant and in the order prescribed
by this Section 7. In no event shall the Participant have any discretion with respect to the ordering of Executive’s payment
reductions.

 

(b)Unless
the Company and Executive otherwise agree in writing, any determination required under this Section 7 will be made in writing
by a nationally recognized firm of independent public accountants selected by the Company, the Company’s legal counsel or
such other person or entity to which the Parties mutually agree (the “Firm”), whose determination will be conclusive
and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this Section
7, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith
interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive will furnish to the
Firm such information and documents as the Firm may reasonably request in order to make a determination under this Section. The
Company will bear all costs the Firm may reasonably incur in connection with any calculations contemplated by this Section 7.

 

8.
Confidentiality.

 

(a)
Definition of Confidential Information. Executive understands that “Company Confidential Information”
means information (including any and all combinations of individual items of information) that the Company has or will develop,
acquire, create, compile, discover or own, that has value in or to the Company’s business which is not generally known and
which the Company wishes to maintain as confidential. Company Confidential Information includes both information disclosed by
the Company to Executive, and information developed or learned by Executive during the course of Executive’s employment
with Company. Company Confidential Information also includes all information of which the unauthorized disclosure could be detrimental
to the interests of Company, whether or not such information is identified as Company Confidential Information. By example, and
without limitation, Company Confidential Information includes any and all non-public information that relates to the actual or
anticipated business and/or products, research or development of the Company, or to the Company’s technical data, trade
secrets, or know-how, including, but not limited to, research, product plans, or other information regarding the Company’s
products or services and markets therefor, customer lists and customers (including, but not limited to, customers of the Company
on which Executive called or with which Executive may become acquainted during the Employment Term), software, developments, inventions,
discoveries, ideas, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing,
finances, and other business information disclosed by the Company either directly or indirectly in writing, orally or by drawings
or inspection of premises, parts, equipment, or other Company property. Notwithstanding the foregoing, Company Confidential Information
shall not include any such information which Executive can establish (i) was publicly known or made generally available prior
to the time of disclosure by Company to Executive; (ii) becomes publicly known or made generally available after disclosure by
Company to me through no wrongful action or omission by Executive; or (iii) is in Executive’s rightful possession, without
confidentiality obligations, at the time of disclosure by Company as shown by Executive’s then-contemporaneous written records;
provided that any combination of individual items of information shall not be deemed to be within any of the foregoing exceptions
merely because one or more of the individual items are within such exception, unless the combination as a whole is within such
exception. Executive understands that nothing in this Agreement is intended to limit employees’ rights to discuss the terms,
wages, and working conditions of their employment, as protected by applicable law.

 

    		-6-	 

    	 	 	 

    

 

(b)Nonuse
and Nondisclosure. Executive agrees that during and after Executive’s employment with the Company, Executive will hold
in the strictest confidence, and take all reasonable precautions to prevent any unauthorized use or disclosure of Company Confidential
Information, and Executive will not (i) use the Company Confidential Information for any purpose whatsoever other than for the
benefit of the Company in the course of Executive’s employment, or (ii) disclose the Company Confidential Information to
any third party without the prior written authorization of the President of the Company. Prior to disclosure when compelled by
applicable law; Executive shall provide prior written notice to the President of the Company, as applicable. Executive agrees
that Executive obtains no title to any Company Confidential Information, and that as between Company and Executive, the Company
retains all Confidential Information as the sole property of the Company. Executive understands that Executive’s unauthorized
use or disclosure of Company Confidential Information during Executive’s employment may lead to disciplinary action, up
to and including immediate termination and legal action by the Company. Executive understands that Executive’s obligations
under this Section 8(b) shall continue after termination of Executive’s employment.

 

(c)Former
Employer Confidential Information. Executive agrees that during Executive’s employment with the Company, Executive will
not improperly use, disclose, or induce the Company to use any proprietary information or trade secrets of any former employer
or other person or entity with which Executive has an obligation to keep in confidence. Executive further agrees that Executive
will not bring onto the Company’s premises or transfer onto the Company’s technology systems any unpublished document,
proprietary information, or trade secrets belonging to any such third party unless disclosure to, and use by, the Company has
been consented to in writing by such third party.

 

(d)Third
Party Information. Executive recognizes that the Company has received and in the future will receive from third parties associated
with the Company, e.g., the Company’s customers, suppliers, licensors, licensees, partners, or collaborators (“Associated
Third Parties”), their confidential or proprietary information (“Associated Third Party Confidential Information”)
subject to a duty on the Company’s part to maintain the confidentiality of such Associated Third Party Confidential
Information and to use it only for certain limited purposes. By way of example, Associated Third Party Confidential Information
may include the habits or practices of Associated Third Parties, the technology of Associated Third Parties, requirements of Associated
Third Parties, and information related to the business conducted between the Company and such Associated Third Parties. Executive
agrees at all times during Executive’s employment with the Company and thereafter, that Executive owes the Company and its
Associated Third Parties a duty to hold all such Associated Third Party Confidential Information in the strictest confidence,
and not to use it or to disclose it to any person, firm, corporation, or other third party except as necessary in carrying out
Executive’s work for the Company consistent with the Company’s agreement with such Associated Third Parties. Executive
further agrees to comply with any and all Company policies and guidelines that may be adopted from time to time regarding Associated
Third Parties and Associated Third Party Confidential Information. Executive understands that Executive’s unauthorized use
or disclosure of Associated Third Party Confidential Information or violation of any Company policies during Executive’s
employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company.

 

    		-7-	 

    	 	 	 

    

 

9.
Ownership.

 

(a)Assignment
of Inventions. As between the Company and Executive, Executive agrees that all right, title, and interest in and to any and
all copyrightable material, notes, records, drawings, designs, logos, inventions, improvements, developments, discoveries, ideas
and trade secrets conceived, discovered, authored, invented, developed or reduced to practice by Executive, solely or in collaboration
with others, during the period of time Executive is in the employ of the Company (including during Executive’s off-duty
hours), or with the use of Company’s equipment, supplies, facilities, or Company Confidential Information, and any copyrights,
patents, trade secrets, mask work rights or other intellectual property rights relating to the foregoing (collectively, “Inventions”),
are the sole property of the Company. Executive also agrees to promptly make full written disclosure to the Company of any
Inventions, and to deliver and assign and hereby irrevocably assign fully to the Company all of Executive’s right, title
and interest in and to Inventions. Executive agrees that this assignment includes a present conveyance to the Company of ownership
of Inventions that are not yet in existence. Executive further acknowledges that all original works of authorship that are made
by Executive (solely or jointly with others) within the scope of and during the period of Executive’s employment with the
Company and that are protectable by copyright are “works made for hire,” as that term is defined in the United States
Copyright Act. Executive understands and agree that the decision whether or not to commercialize or market any Inventions is within
the Company’s sole discretion and for the Company’s sole benefit, and that no royalty or other consideration will
be due to Executive as a result of the Company’s efforts to commercialize or market any such Inventions.

 

(b)Pre-Existing
Materials. Executive will inform the Company in writing before incorporating any inventions, discoveries, ideas, original
works of authorship, developments, improvements, trade secrets and other proprietary information or intellectual property rights
owned by Executive or in which Executive has an interest prior to, or separate from, Executive’s employment with the Company,
including, without limitation, any such inventions that are subject to the California Labor Code Section 2870 (attached hereto
as Exhibit B) (“Prior Inventions”) into any Invention or otherwise utilizing any such Prior Invention
in the course of Executive’s employment with the Company; and the Company is hereby granted a nonexclusive, royalty-free,
perpetual, irrevocable, transferable worldwide license (with the right to grant and authorize sublicenses) to make, have made,
use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative works of, display, perform, and otherwise
exploit such Prior Inventions, without restriction, including, without limitation, as part of or in connection with such Invention,
and to practice any method related thereto. Executive will not incorporate any inventions, discoveries, ideas, original works
of authorship, developments, improvements, trade secrets and other proprietary information or intellectual property rights owned
by any third party into any Invention without the Company’s prior written permission. Executive has attached hereto as Exhibit
A, a list describing all Prior Inventions or, if no such list is attached, Executive represents and warrants that there are
no such Prior Inventions. Furthermore, Executive represents and warrants that if any Prior Inventions are included on Exhibit
A, they will not materially affect Executive’s ability to perform Executive’s obligations under this Agreement.

 

    		-8-	 

    	 	 	 

    

 

(c)Moral
Rights. Any assignment to the Company of Inventions includes all rights of attribution, paternity, integrity, modification,
disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral rights,”
“artist’s rights,” “droit moral,” or the like (collectively, “Moral Rights”).
To the extent that Moral Rights cannot be assigned under applicable law, Executive hereby waives and agrees not to enforce any
and all Moral Rights, including, without limitation, any limitation on subsequent modification, to the extent permitted under
applicable law.

 

(d)Maintenance
of Records. Executive agrees to keep and maintain adequate, current, accurate, and authentic written records of all Inventions
made by Executive (solely or jointly with others) during the Employment Term. The records will be in the form of notes, sketches,
drawings, electronic files, reports, or any other format that may be specified by the Company. As between Company and Executive,
the records are and will be available to and remain the sole property of the Company at all times.

 

(e)Further
Assurances. Executive agrees to assist the Company, or its designee, at the Company’s expense, in every proper way to
secure the Company’s rights in the Inventions in any and all countries, including the disclosure to the Company of all pertinent
information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, and all other
instruments that the Company shall deem proper or necessary in order to apply for, register, obtain, maintain, defend, and enforce
such rights, and in order to deliver, assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive
rights, title, and interest in and to all Inventions, and testifying in a suit or other proceeding relating to such Inventions.
Executive further agrees that Executive’s obligations under this Section 9(e) shall continue after the termination of this
Agreement.

 

(f)Attorney-in-Fact.
Executive agrees that, if the Company is unable because of Executive’s unavailability, mental or physical incapacity, or
for any other reason to secure Executive’s signature with respect to any Inventions, including, without limitation, for
the purpose of applying for or pursuing any application for any United States or foreign patents or mask work or copyright registrations
covering the Inventions assigned to the Company in Section 9(a), then Executive hereby irrevocably designates and appoints the
Company and its duly authorized officers and agents as Executive’s agent and attorney-in-fact, to act for and on Executive’s
behalf to execute and file any papers and oaths, and to do all other lawfully permitted acts with respect to such Inventions to
further the prosecution and issuance of patents, copyright and mask work registrations with the same legal force and effect as
if executed by Executive. This power of attorney shall be deemed coupled with an interest, and shall be irrevocable.

 

10.
Conflicting Obligations.

 

(a)Current
Obligations. Executive agrees that during the Employment Term, Executive will not engage in or undertake any other employment,
occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved
or becomes involved or has plans to become involved, nor will Executive engage in any other activities that conflict with Executive’s
obligations to the Company.

 

    		-9-	 

    	 	 	 

    

 

(b)Prior
Relationships. Without limiting Section 10(a), Executive represents and warrants that Executive has no other agreements, relationships,
or commitments to any other person or entity that conflict with the provisions of this Agreement, Executive’s obligations
to the Company under this Agreement, or Executive’s ability to become employed and perform the services for which Executive
is being hired by the Company. Executive further agrees that if Executive has signed a confidentiality agreement or similar type
of agreement with any former employer or other entity, Executive will comply with the terms of any such agreement to the extent
that its terms are lawful under applicable law. Executive represents and warrants that after undertaking a careful search (including
searches of Executive’s computers, cell phones, electronic devices, and documents), Executive has returned all property
and confidential information belonging to all prior employers (and/or other third parties Executive has performed services for
in accordance with the terms of Executive’ applicable agreement). Moreover, Executive agrees to fully indemnify the Company,
its directors, officers, agents, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor
and successor corporations, and assigns for all verdicts, judgments, settlements, and other losses incurred by any of them resulting
from Executive’s breach of Executive’s obligations under any agreement with a third party to which Executive is a
party or obligation to which Executive is bound, as well as any reasonable attorneys’ fees and costs if the plaintiff is
the prevailing party in such an action, except as prohibited by law.

 

11.
Return of Company Materials.

 

(a)Definition
of Electronic Media Equipment and Electronic Media Systems. Executive understands that “Electronic Media Equipment”
includes, but is not limited to, computers, external storage devices, thumb drives, handheld electronic devices, telephone
equipment, and other electronic media devices. Executive understands that “Electronic Media Systems” includes,
but is not limited to, computer servers, messaging and email systems or accounts, and web-based services (including cloud-based
information storage accounts), whether provided for Executive’s use directly by the company or by third-party providers
on behalf of the Company.

 

(b)Return
of Company Property. Executive understands that anything that Executive created or worked on for the Company while working
for the Company belongs solely to the Company and that Executive cannot remove, retain, or use such information without the Company’s
express written permission. Accordingly, upon separation from employment with the Company or upon the Company’s request
at any other time, Executive will immediately deliver to the Company, and will not keep in Executive’s possession, recreate,
or deliver to anyone else, any and all Company property, including, but not limited to, Company Confidential Information, Associated
Third Party Confidential Information, all Company equipment including all Company Electronic Media Equipment, all tangible embodiments
of the Inventions, all electronically stored information and passwords to access such property, Company credit cards, records,
data, notes, notebooks, reports, files, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials,
photographs, charts, any other documents and property, and reproductions of any of the foregoing items, including, without limitation,
those records maintained pursuant to Section 9(d).

 

(c)Return
of Company Information on Company Electronic Media Equipment. In connection with Executive’s obligation to return information
to the Company, Executive agrees that Executive will not copy, delete, or alter any information, including personal information
voluntarily created or stored, contained upon Executive’s Company Electronic Media Equipment before Executive returns the
information to the Company.

 

    		-10-	 

    	 	 	 

    

 

(d)Return
of Company Information on Personal Electronic Media Equipment. In addition, if Executive has used any personal Electronic
Media Equipment or personal Electronic Media Systems to create, receive, store, review, prepare or transmit any Company information,
including but not limited to, Company Confidential Information, Executive agrees to make a prompt and reasonable search for such
information in good faith, including reviewing any personal Electronic Media Equipment or personal Electronic Media Systems to
locate such information and if Executive locates such information, Executive agrees to notify the Company of that fact and then
provide the Company with a computer- useable copy of all such Company information from those equipment and systems; and Executive
agrees to cooperate reasonably with the Company to verify that the necessary copying is completed (including upon request providing
a sworn declaration confirming the return of property and deletion of information), and, upon confirmation of compliance by the
Company, Executive agrees to delete and expunge all Company information.

 

(e)No
Expectation of Privacy in Company Property. Executive understands that Executive has no expectation of privacy in Company
property, and Executive agrees that any Company property situated on Company premises, or held by third-party providers for the
benefit of the Company, is subject to inspection by Company personnel at any time with or without further notice. Executive also
understands and agrees that as it relates to the Company’s desire to protect its confidential and proprietary information,
Executive has no expectation of privacy as to any personal Electronic Media Equipment or personal Electronic Media Systems that
Executive has used for Company purposes. Executive further agrees that the Company, at its sole discretion, may have access to
such personal Electronic Media Equipment or personal Electronic Media Systems to retrieve, destroy, or ensure the permanent deletion
of Company information from such equipment or systems. Executive also consents to an exit interview and an audit to confirm Executive’s
compliance with this Section 11, and Executive will certify in writing that Executive has complied with the requirements of this
Section 11.

 

(f)Exception
to Assignments. I UNDERSTAND THAT THE PROVISIONS OF THIS AGREEMENT REQUIRING ASSIGNMENT OF INVENTIONS (AS DEFINED UNDER SECTION
9(a) ABOVE) TO THE COMPANY DO NOT APPLY TO ANY INVENTION THAT QUALIFIES FULLY UNDER THE PROVISIONS OF CALIFORNIA LABOR CODE SECTION
2870 (ATTACHED HERETO AS EXHIBIT B). I WILL ADVISE THE COMPANY PROMPTLY IN WRITING OF ANY INVENTIONS THAT I BELIEVE MEET
THE CRITERIA IN CALIFORNIA LABOR CODE SECTION 2870 AND ARE NOT OTHERWISE DISCLOSED ON EXHIBIT A TO PERMIT A DETERMINATION
OF OWNERSHIP BY THE COMPANY. ANY SUCH DISCLOSURE WILL BE RECEIVED IN CONFIDENCE.

 

12.Termination
Certification. Upon separation from employment with the Company, Executive agrees to immediately sign and deliver to the Company
the termination certification attached hereto as Exhibit C. Executive also agrees to keep the Company advised of Executive’s
home and business address for a period of three (3) years after termination of Executive’s employment with the Company,
so that the Company can contact Executive regarding Executive’s continuing obligations under by this Agreement.

 

13.Notification
of New Employer. In the event that Executive leaves the employ of the Company, Executive hereby grants consent to notification
by the Company to Executive’s new employer about Executive’s obligations under this Agreement.

 

14.Solicitation
of Employees. To the fullest extent permitted under applicable law, Executive agrees that during Executive’s employment
and for a period of twelve (12) months immediately following the termination of Executive’s relationship with the Company
for any reason, whether voluntary or involuntary, with or without cause, Executive will not directly or indirectly solicit any
of the Company’s employees to leave their employment at the Company. Executive agrees that nothing in this Section 14 shall
affect Executive’s continuing obligations under this Agreement during and after this twelve (12) month period, including,
without limitation, Executive’s obligations under Section 8.

 

    		-11-	 

    	 	 	 

    

 

15.Company
Policies. Executive agrees to diligently adhere to all policies of the Company, including the Company’s as may be in
effect from time to time during the Employment Term.

 

16.Representations.
Without limiting Executive’s obligations under Section 9(e) above, Executive agrees to execute any proper oath or verify
any proper document required to carry out the terms of this Agreement. Executive represents and warrants that Executive’s
performance of all the terms of this Agreement will not breach any agreement to keep in confidence information acquired by Executive
in confidence or in trust prior to Executive’s employment by the Company. Executive hereby represents and warrants that
Executive has not entered into, and Executive will not enter into, any oral or written agreement in conflict herewith.

 

17.Assignment.
This Agreement will be binding upon and inure to the benefit of (a) the heirs, executors and legal representatives of Executive
upon Executive’s death and (b) any successor of the Company. Any such successor of the Company will be deemed substituted
for the Company under the terms of this Agreement for all purposes. For this purpose, “successor” means any
person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly
acquires all or substantially all of the assets or business of the Company. None of the rights of Executive to receive any form
of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution.
Any other attempted assignment, transfer, conveyance or other disposition of Executive’s right to compensation or other
benefits will be null and void.

 

18.Notices.
All notices, requests, demands and other communications called for hereunder will be in writing and will be deemed given (i) on
the date of delivery if delivered personally, (ii) one (1) day after being sent by a well-established commercial overnight service,
or (iii) four (4) days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to
the parties or their successors, if to the Company, to the attention of the President at the address set forth on the signature
page hereto, and if to Executive, at the address set forth on the signature page hereto, or, in either case, at such other addresses
as the parties may later designate in writing.

 

19.Severability.
In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement will continue in full force and effect without said provision.

 

20.Arbitration.
Executive agrees that any and all controversies, claims, or disputes with anyone (including the Company and any employee, officer,
director, stockholder or benefit plan of the Company in their capacity as such or otherwise) arising out of, relating to, or resulting
from Executive’s service to the Company, shall be subject to arbitration in accordance with the provisions of the Confidentiality
Agreement incorporated herein by this reference as though fully set forth herein.

 

21.Integration.
This Agreement, together with the Award Agreement, represents the entire agreement and understanding between the parties as to
the subject matter herein and supersedes all prior or contemporaneous agreements whether written or oral. This Agreement may be
modified only by agreement of the parties by a written instrument executed by the parties that is designated as an amendment to
this Agreement.

 

22.Waiver
of Breach. The waiver of a breach of any term or provision of this Agreement, which must be in writing, will not operate as
or be construed to be a waiver of any other previous or subsequent breach of this Agreement.

 

    		-12-	 

    	 	 	 

    

 

23.Headings.
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 

24.Tax
Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable taxes.

 

25.Governing
Law; Jurisdiction and Venue. This Agreement, for all purposes, shall be construed in accordance with the laws of California
without regard to conflicts of law principles. Any action or proceeding by either of the parties to enforce this Agreement shall
be brought only in a state or federal court located in Orange County, California. The parties hereby irrevocably submit to the
exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the maintenance of any such action or proceeding
in such venue.

 

26.Acknowledgment.
Executive acknowledges that Executive has had the opportunity to discuss this matter with and obtain advice from Executive’s
private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement,
and is knowingly and voluntarily entering into this Agreement.

 

27.Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be
deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email or other means of electronic
transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

[Remainder
of page intentionally left blank.]

 

    		-13-	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement as of the date first written above.

 

	 	“COMPANY”
	 	 	 
	 	ADAPTIVE
                                         MEDIAS, INC., 

        a
        Nevada corporation

	 	 	 
	 	By:	/s/
    Omar Akram
	 	Name:	Omar
    Akram
	 	Title:	President
	 	 	 
	 	Address:	 
	 	 	Adaptive
    Medias, Inc.
	 	 	47
    Discovery, Suite 220
	 	 	Irvine,
    California 92618
	 	 	Attention:
    President
	 	 	 
	 	“EXECUTIVE”
	 	 	 
	 	 	/s/
    John Strong
	 	 	John
    Strong
	 	 	 
	 	Address:	 
	 	 	123
    15th street
	 	 	Albuquerque,
    NM 87104

 

[Signature
page to Executive Employment Agreement]

 

    	 	 	 

    	 	 	 

    

 

Exhibit
A

 

LIST
OF PRIOR INVENTIONS

AND
ORIGINAL WORKS OF AUTHORSHIP

EXCLUDED
UNDER SECTION 9

 

	Title
    of Invention	 	Date	 	Identifying
                                         Number

        or
        Brief Description

	 	 	 	 	 

 

[X]
No prior inventions, original works of authorship or improvements. 

 

 

[  ]
Additional sheets attached

 

	Date:	1-29-16	 	/s/
    John Strong
	 	 	 	John
    Strong
	 	 	 	 
	 	 	 	Address:
	 	 	 	123
    15th street
	 	 	 	Albuquerque,
    NM 87104

 

    	 	A-1	 

    	 	 	 

    

 

Exhibit
B

 

CALIFORNIA
LABOR CODE SECTION 2870

INVENTION
ON OWN TIME-EXEMPTION FROM AGREEMENT

 

“(a)
Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights
in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own
time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either:

 

(1)relate
at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer; or

 

(2)result
from any work performed by the employee for the employer.

 

(b)
To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded
from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.”

 

    	 	B-1	 

    	 	 	 

    

 

Exhibit
C

 

ADAPTIVE
MEDIAS, INC.

 

TERMINATION
CERTIFICATION

 

This
certification is delivered pursuant to the terms of an Executive Employment Agreement (the “Executive Employment Agreement”)
entered into between Adaptive Medias, Inc., a Nevada corporation (the “Company”), and John Strong (“Executive”).

 

Executive
hereby certifies that Executive does not have in Executive’s possession, nor has Executive failed to return, any devices,
records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment,
any other documents or property, or reproductions of any and all aforementioned items belonging to the Company or its subsidiaries,
affiliates, successors or assigns (together, the “Company”).

 

Executive
further certifies that Executive has complied with all the terms of the Executive Employment Agreement, including the reporting
of any inventions and original works of authorship (as defined therein) conceived or made by Executive (solely or jointly with
others), as covered by the Executive Employment Agreement.

 

Executive
further agrees that, in compliance with the Executive Employment Agreement, Executive will preserve as confidential all Company
Confidential Information and Associated Third Party Confidential Information, including trade secrets, confidential knowledge,
data, or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental
work, computer programs, databases, other original works of authorship, customer lists, business plans, financial information,
or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants, or licensees.

 

Executive
also agrees that for twelve (12) months from this date, Executive will not directly or indirectly solicit any of the Company’s
employees to leave their employment at the Company. Executive agree that nothing in this paragraph shall affect Executive’s
continuing obligations under the Executive Employment Agreement during and after this twelve (12) month period, including, without
limitation, Executive’s obligations under Section 8 (Confidentiality) thereof.

 

After
leaving the Company’s employment, Executive will be employed by                              in
the position of                                .

 

	 	 	 	“EXECUTIVE”
	 	 	 	 
	Date:	 	 	 
	 	 	 	 
	 	 	 	John
    Strong
	 	 	 	 
	 	 	 	Address:
	 	 	 	 
	 	 	 	 

 

    	 	C-1

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