Document:

Document

Exhibit (10-7)
Company’s Form of Separation Agreement & Release

SEPARATION AGREEMENT AND RELEASE

To:       «Employee_Name»
Date:    «Actual_Offer_Date»

«Company» (“P&G”) is willing to provide you with certain assistance in connection with your employment separation from the Company.  The following describes the terms under which you are separating from employment.  Your receipt of the benefits described below is conditioned upon your accepting and abiding by the terms of this Agreement.

						
	Last Day of Employment:
	Your last day of employment will be «Exit_Date», referred to as your “Last Day of Employment.” You understand and agree that if P&G determines that you engaged in misconduct during your employment, or if you fail to perform your work and responsibilities in a satisfactory manner up to and including your Last Day of Employment, P&G may terminate your employment immediately and will not provide, nor be obligated to provide, the payment(s) and other benefits described in this Agreement. Otherwise, unless noted below, your pay and benefits will cease as of your Last Day of Employment.

	Separation Payment:
	As soon as administratively practical after your Last Day of Employment, P&G will provide you with a Separation Payment of «Total_Amount», less legally required withholdings and deductions. In no event will payment be made before expiration of the seven-day revocation period discussed below or later than the March 15th of the year following the year which includes your last day of employment.

Amounts you owe to P&G as of your Last Day of Employment, including, but not limited to, wage and/or benefit overpayments and unpaid loans, will also be deducted from the Separation Payment.

	Payment for Unvested PST:

	If you are not fully-vested in the Procter & Gamble Profit Sharing Trust and Employee Stock Ownership Plan (“PST”) as of your Last Day of Employment, as soon as administratively practical after your Last Day of Employment, but no later than the March 15th of the year following the year which includes your Last Day of Employment, you will receive a lump sum payment in an amount substantially equivalent to the non-vested credits in your account in the PST.

	STAR Awards:
	As of your Last Day of Employment, if you worked at least 28 days (4 calendar weeks) during that fiscal year, you will receive a pro-rated STAR award for that fiscal year. Your STAR award will be pro-rated by dividing the number of calendar days during the fiscal year from July 1 through your Last Day of Employment by 365. Your STAR award will be paid in cash in the September (but no later than September 15th) immediately following the end of the fiscal year in which you terminate.

						
	Equity Awards

	Your separation will be treated as a Special Separation for purposes of any outstanding equity awards granted under the Procter & Gamble 2009 Stock and Incentive Compensation Plan, the Procter & Gamble 2001 Stock and Incentive Compensation Plan, the Procter & Gamble 1992 Stock Plan, or the Gillette Company 2004 Long-Term Incentive Plan and, as a result, you will retain the awards subject to the original terms and conditions of the awards. You will also retain awards granted under the Procter & Gamble 2014 Stock and Incentive Compensation Plan and the Procter & Gamble 2019 Stock and Incentive Compensation Plan subject to the terms and conditions of those Awards. For awards granted on or after October 1, 2020, awards will be prorated based on the number of days worked in the 12 months following the October 1 grant date, with a minimum of 28 days worked beyond October 1.

This agreement does not alter the rights and obligations that you may have under the Procter & Gamble 2019 Stock and Incentive Compensation Plan, the Procter & Gamble 2014 Stock and Incentive Compensation Plan, the Procter & Gamble 2009 Stock and Incentive Compensation Plan, the Procter & Gamble 2001 Stock and Incentive Compensation Plan, the Procter & Gamble 1992 Stock Plan, and the Gillette Company 2004 Long-Term Incentive Plan.

	Current Medical, Dental, and Life Insurance Benefits:
	If you are enrolled in P&G’s active health (including medical, prescription drug, and EAP coverage), active dental, and company-paid life insurance coverage, that coverage will continue under the same terms until «Benefits_End_Date». Note: Any life insurance coverage other than company-paid life insurance coverage will not continue during this time.

When your extended coverage ends, you may be entitled to continue your Medical and Dental insurance coverage under COBRA. If you are entitled to COBRA continuation coverage, you will receive a notice of your right to elect COBRA.

	Retiree Medical and Dental Benefits:
	If you were eligible for P&G retiree healthcare coverage on your Last Day of Employment, you will be eligible to enroll in P&G’s retiree medical and dental insurance coverage. You are eligible for P&G retiree healthcare coverage if you satisfy the regular retiree eligibility rules (i.e., you are a Regular Retiree) as of your Last Day of Employment. Under the terms of this Agreement, you also are eligible for P&G retiree healthcare coverage as a Special Retiree by satisfying the Rule of 70 as of your Last Day of Employment. You satisfy the Rule of 70 when your full years of age plus your full years of service equal 70.[1] If you are eligible for P&G’s retiree healthcare coverage as either a Regular Retiree or a Special Retiree as of your Last Day of Employment, you should contact P&G Employee Care before your extension of coverage ends to request retiree healthcare enrollment information. For details regarding the terms and conditions of your retiree health coverage, please refer to and review the summary plan descriptions, available at PGOneàLife and Ca
Important Note: If you become employed by a direct competitor of P&G (as determined by P&G’s Chief Human Resources Officer) in any capacity, you will not be eligible for coverage under P&G’s retiree healthcare coverage as long as you remain employed by such competitor. If you have questions, please contact the P&G Employee Care at [phone number].

[1] Special rules apply to Gillette Heritage Employees with regard to retiree medical eligibility and the retiree medical cost sharing under the retiree medical plan. If you are a Gillette Heritage Employee, you will receive a separate handout on your retiree medical eligibility.

						
	Outplacement Services:
	P&G’s outplacement supplier, Right Management Consultants, will provide services to assist you in managing your transition to a new future, based on your interest. Services include pre-decision counseling, career transition programs, and job development opportunities. Right Management Consultants will also assist you in preparing for your job search, including résumé preparation, cover letters, other written materials and interview and networking training.

After you accept this Agreement, you may begin utilizing outplacement services on a limited basis prior to your Last Day of Employment, consistent with the needs of the business and your responsibilities to complete and/or transition your work. Note that you must begin utilizing outplacement services within 45 days of your Last Day of Employment to be eligible for this benefit.

	No Consideration Without Executing this Agreement:
	You affirm that you understand and agree that you would not receive the separation payment and/or benefits specified in this Agreement without executing this Agreement and fulfilling the promises contained in it. Except as provided in this Agreement or under the terms and conditions of an applicable benefit plan or policy sponsored by P&G, you shall not be due any payments or benefits from P&G in connection with the termination of your employment.

	Continued Employment Through Your Last Day of Employment:
	You agree to perform your work and responsibilities as an employee in a satisfactory manner up to and including your Last Day of Employment, including compliance with all provisions of this “Separation Agreement and Release.” If P&G determines that you have engaged in serious misconduct during your employment, you understand and agree that P&G may terminate your employment immediately and will not provide, nor will it be obligated to provide, you with the Separation Payment, medical benefits, outplacement and other benefits described above. If you have already received any such pay or benefits, you agree to repay them to P&G upon demand.

	Nonadmission of Wrongdoing:
	You affirm that you understand and agree that neither this Agreement nor the furnishing of the consideration for this Agreement, including the Separation Payment, shall be deemed or construed at any time for any purpose as an admission by P&G of wrongdoing or evidence of any liability or unlawful conduct of any kind.

						
	Release of Claims – Including Age Discrimination and Employment Claims:
	In consideration of the Separation Payment and other benefits provided above to which you would not have been entitled under any existing P&G Policy, you release P&G from any and all claims you have against P&G. The term “P&G” includes «Company» and any of its present, former and future owners, parents, affiliates and subsidiaries, and its and their directors, officers, shareholders, employees, agents, servants, representatives, predecessors, successors and assigns and their employee benefit plans and programs and their administrators and fiduciaries.

This release applies to claims about which you now know or may later discover, and includes but is not limited to: (1) claims arising under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq.; (2) claims arising out of or relating in any way to your employment with P&G or the conclusion of that employment; (3) claims arising under any federal, state and local employment discrimination laws, regulations or ordinances or other orders that relate to the employment relationship and/or employee benefits; and (4) any other federal, state or local law, rule, regulation or ordinance, public policy, contract, tort or common law.
This release does not apply to claims that may arise after the date you accept this Agreement or that may not be released under applicable law.
If any claim is not subject to release, to the extent permitted by law, you agree that you waive any right or ability to be a class or collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or proceeding based on such a claim in which P&G is a party.

Governmental Agencies: Nothing in this Separation Letter & Release prohibits or prevents you from filing a charge with or participating, testifying, or assisting in any investigation, hearing, or other proceeding before the U.S. Equal Employment Opportunity Commission, the National Labor Relations Board or a similar agency enforcing federal, state or local anti-discrimination laws. However, to the maximum extent permitted by law, you agree that if such an administrative claim is made to such an anti-discrimination agency, you shall not be entitled to recover any individual monetary relief or other individual remedies. Nothing in this Separation Letter & Release, including but not limited to the “Release of Claims – Including Age Discrimination and Employment Claims” and the “Confidential, Proprietary, Trade Secret Information & Period of Non-Competition” sections of this Separation Letter & Release, prohibits you from: (1) reporting possible violations of federal law or regulations, including any possible securities laws violations, to any governmental agency or entity, including but not limited to the U.S. Department of Justice, the U.S. Securities and Exchange Commission, the U.S. Congress, or any agency Inspector General; (2) making any other disclosures that are protected under the whistleblower provisions of federal law or regulations; or (3) otherwise fully participating in any federal whistleblower programs, including but not limited to any such programs managed by the U.S. Securities and Exchange Commission and/or the Occupational Safety and Health Administration. You understand you do not need the prior authorization from the Company to make any such reports or disclosures, and you are not required to notify the Company that you have made such reports or disclosures. Moreover, nothing in this Separation Letter & Release prohibits or prevents you from receiving individual monetary awards or other individual relief by virtue of participating in such federal whistleblower programs.

						
	Confidential, Proprietary, Trade Secret Information & Period of Non-Competition:
	Subject to the “Governmental Agencies” portion of the “Release of Claims – Including Age Discrimination and Employment Claims” above, you agree that you will not use or share any confidential, proprietary or trade secret information about any aspect of P&G’s business with any non-P&G employee or business entity at any time in the future. You further agree that you will not obtain, transfer or have in your possession any confidential, proprietary or trade secret information on or after your last day of employment, even information you may have created yourself or to which you may have contributed as a P&G employee. Confidential, proprietary or trade secret information includes, but is not limited to, marketing and advertising plans, pricing information, upstream plans, specific areas of research and development, project work, product formulation, processing methods, assignments of individual employees, testing and evaluation procedures, cost figures, construction plans, and special techniques or methods of any kind.

Notwithstanding the requirements of confidentiality contained in this section, the federal Defend Trade Secrets Act of 2016 immunizes you against criminal and civil liability under federal or state trade secret laws for your disclosure of trade secrets that is made i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney solely for the purpose of reporting or investigating a suspected violation of law; ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; or iii) to your attorney for use in a lawsuit alleging retaliation for reporting a suspected violation of law, provided that any document containing the trade secret is filed under seal and you do not otherwise disclose the trade secret, except pursuant to court order.

You further understand and agree that, unless you have prior written consent from P&G, you will not engage in any activity or provide any services for a period of three (3) years following your Last Day of Employment in connection with the manufacture, development, advertising, promotion or sale of any product which is the same as, similar to, or competitive with any products of P&G or its subsidiaries (including both existing products as well as products in development which are known to you, as a consequence of your employment with P&G):

1.With respect to which your work has been directly concerned at any time during the two (2) years preceding your Last Day of Employment; or

2.With respect to which during that period of time you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of P&G.

e or over too great a range of activities or in too broad a geographic area, it will be modified and interpreted to extend only over the maximum period of time, range of activities or geographic area so that it may be enforceable.
As a participant in the 2009 Stock and Incentive Compensation Plan, the 2001 Stock and Incentive Compensation Plan, or the 1992 Stock Plan, you are also bound by the terms of Article F – Restrictions & Covenants of those plans, which are incorporated herein by reference.
If you are a participant in the Procter & Gamble 2019 Stock and Incentive Compensation Plan and the Procter & Gamble 2014 Stock and Incentive Compensation Plan, you are also bound by the terms of Article 6 – Restrictions and Covenants of this plan which are incorporated herein by reference.

						
		For the purposes of this section, it shall be conclusively presumed that you have knowledge or information to which you were directly exposed through the actual receipt of memos or documents containing such information or through actual attendance at meetings at which such information was discussed or disclosed. The provisions of this section are not in lieu of, but are in addition to, your continuing obligation to not use or disclose P&G’s trade secrets and confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of yours). Information regarding products in development, in test market or being marketed or promoted in a discrete geographic region, which information P&G is considering for a broader use, shall not be deemed generally known until such broader use is actually commercially implemented. Also, “generally known” means known throughout the domestic United States industry or, if you have job responsibilities outside of the United States, the appropriate foreign country or countries’ industry. 

If any restriction in this section is found by any court of competent jurisdiction or arbitrator to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it will be modified and interpreted to extend only over the maximum period of time, range of activities or geographic area so that it may be enforceable.   

As a participant in the 2009 Stock and Incentive Compensation Plan, the 2001 Stock and Incentive Compensation Plan, or the 1992 Stock Plan, you are also bound by the terms of Article F – Restrictions & Covenants of those plans, which are incorporated herein by reference.  

If you are a participant in the Procter & Gamble 2019 Stock and Incentive Compensation Plan and the Procter & Gamble 2014 Stock and Incentive Compensation Plan, you are also bound by the terms of Article 6 – Restrictions and Covenants of this plan which are incorporated herein by reference.  

						
	Non-Solicitation
	You acknowledge, as a participant in the Procter & Gamble 2019 Stock and Incentive Compensation Plan, the Procter & Gamble 2014 Stock & Incentive Compensation Plan, the Procter & Gamble 2009 Stock and Incentive Compensation Plan, the Procter & Gamble 2001 Stock and Incentive Plan, the Procter & Gamble 1992 Stock Plan, and/or the Gillette Company 2004 Long-Term Incentive Plan that you are bound to comply with the Plans’ non-solicitation obligations. Specifically, you agree that you will not, at any time following your Employment Separation Date, attempt to directly or indirectly induce any employee of P&G or its affiliates or subsidiaries to be employed or perform services elsewhere or attempt directly or indirectly to solicit the trade or business of any current or prospective customer, supplier or partner of P&G or its affiliates or subsidiarie

						
	Acknowledgements and Affirmations:
	Subject to the “Governmental Agencies” portion of the “Release of Claims – Including Age Discrimination and Employment Claims” above, you affirm that you have not filed, caused to be filed, or presently are a party to any claim against P&G.
You affirm that you have been paid and/or have received all compensation, wages, bonuses, commissions, and/or benefits which are due and payable as of the date you sign this Agreement. To the extent that you are required to report hours worked, you affirm that you have reported all hours worked as of the date you sign this Agreement.
You affirm that you have been granted any leave to which you were entitled under the Family and Medical Leave Act or related state or local leave or disability accommodation laws.
You further affirm that you have no known workplace injuries or occupational diseases that have not been reported.

	Assignment of Intellectual Property:
	You will promptly and fully disclose, transfer and assign to P&G all inventions and any other intellectual property (collectively “Intellectual Property”) made or conceived by you during your employment with P&G. You agree to fully cooperate in executing any papers required for establishing or protecting the Intellectual Property and for establishing P&G’s ownership, even if such cooperation is necessary after your Last Day of Employment

	Return of P&G Property:
	You agree that on or before your Last Day of Employment, you will return to P&G in good condition all of its equipment, materials and information that were in your possession, custody or control (including, but not limited to, computers, files, documents, credit cards, keys and identification badges). You further agree that you will provide your manager with all passwords to P&G electronic communication and data systems before your Last Day of Employment. You further agree that on or before your Last Day of Employment, you will return or if directed to do so by your immediate manager, delete (i.e., destroy all copies of) any and all P&G confidential, proprietary or trade secret information you have maintained in your possession, custody, or control in paper, electronic and/or digital formats, including but not limited to, any such confidential, proprietary, or trade secret information (e.g., files, documents, etc.) that you may have electronically or digitally processed or stored on P&G-issued or on personally-owned or maintained digital devices and/or service accounts. Such digital devices and/or service accounts may include, but are not limited to desktop and laptop computers, notebooks, tablets, iPads, mobile phones, smartphones, personal digital assistants (PDAs), USB and flash drives, external hard drives, CDs, DVDs, and/or external file processing or storage provided by cloud service providers such as box.net, dropbox, Google docs, etc.

						
	Ethics Compliance:
	Subject to the “Governmental Agencies” portion of the “Release of Claims – Including Age Discrimination and Employment Claims” above, you agree that you provided P&G all information known to you regarding any violations of the Procter & Gamble Worldwide Business Conduct Manual and/or any other violations of P&G policy or the law.

						
	Agreement to Arbitrate Disputes:
	Resolving any future differences we may have in the courts can take a long time and be expensive. You and P&G therefore agree that the only remedy for all disputes that are not released by this Agreement or that arise out of your employment with or separation from P&G, or any aspect of this Agreement, will be to submit any such disputes (with the exception noted at the end of this section) to final and binding arbitration in accordance with the National Rules for Resolution of Employment Disputes of the American Arbitration Association then in effect.
You and P&G agree that the aggrieved party must send written notice of any claim to the other party by certified mail, return receipt requested. Written notice for P&G will be sent to: Secretary, One Procter & Gamble Plaza, Cincinnati, OH 45202, and to you at the most current address shown for you in P&G’s records. The arbitrator will apply Ohio law. At your written request, P&G will reimburse you for all fees and costs charged by the American Arbitration Association and its arbitrator to the extent they exceed the applicable fees and costs that would have been charged by a court of competent jurisdiction had your claim been filed in court.
There is one exception to this section. P&G may seek injunctive relief in any court of competent jurisdiction if it has reason to believe that you have violated or are about to violate (1) the terms of the “Confidential, Proprietary, Trade Secret Information & Period of Non-Competition” section above, or (2) if you are a participant in the 2009 Stock and Incentive Compensation Plan, the 2001 Stock and Incentive Compensation Plan, or the 1992 Stock Plan, the terms of Article F – Restrictions & Covenants of those plans or (3) if you are a participant in the 2014 Stock and Incentive Compensation Plan, the terms of Article 6 – Restrictions & Covenants of those plans.

	Severability:
	If any court of competent jurisdiction or arbitrator should later find that any portion of this Agreement is invalid, that invalidity will not affect the enforceability of any other portion of this Agreement.

	Employment References:
	You understand that P&G’s historical policy is to not provide employment references to prospective employers. However, P&G is willing to waive that policy in your case on the following basis: You authorize your manager or human resources representative to provide an employment reference upon written or verbal request. In return, you release any claim against P&G and will not bring a lawsuit in court against P&G based upon that employment reference (or lack thereof). You agree that you will refer all reference inquiries to your manager or human resources representative only. You further understand that all disputes regarding employment references or the lack thereof must be resolved through the arbitration process described above.

						
	No Reliance:
	This Agreement sets forth the entire agreement between you and P&G and fully supersedes any prior agreements or understanding between the parties except that if you are a participant in the 2009 Stock and Incentive Compensation Plan, the 2001 Stock and Incentive Compensation Plan, or the 1992 Stock Plan, the terms of Article F – Restrictions & Covenants of those plans remain in full force and effect and are incorporated herein by reference and if you are a participant in the Procter & Gamble 2019 Stock and Incentive Compensation Plan or the Procter & Gamble 2014 Stock and Incentive Compensation Plan, the terms of Article 6 – Restrictions & Covenants of those plans remain in full force and are in effect and are incorporated herein by reference. In deciding to accept this Agreement, you agree that you have not relied upon any statements or promises by P&G, its managers, agents or employees, other than those set forth in this Agreement. No other promises or agreements concerning the matters described in this Agreement shall be binding unless in a subsequent document signed by these parties.

	Your Attorney:
	You acknowledge that you have been and hereby are advised to consult with legal counsel before accepting this Agreement and have either done so or have voluntarily declined to do so.

	Timing for Acceptance or Revocation:
	You have forty-five (45) calendar days in which to consider this Agreement in which you waive important rights, including those under the Age Discrimination in Employment Act of 1967. If you choose to sign this Agreement, please do so by indicating your acceptance of this Agreement with your electronic signature in P&G’s electronic system. We advise you to consult with an attorney of your choosing prior to signing this Agreement. Further, you may within seven (7) calendar days following the date you sign this Agreement, cancel and terminate it by giving written notice of your intention to revoke the Agreement to your immediate manager, and by returning to P&G any remuneration or benefits that have been advanced to you in anticipation of your not revoking your agreement and to which you are not entitled. If notice of your revocation is mailed, it must be postmarked within seven (7) calendar days after you sign this Agreement.
You agree that any modifications, material or otherwise, made to this Agreement, do not restart or affect in any manner the original up to forty-five (45) calendar day consideration period.

________________________________________________________________________________
The benefits described in this Agreement and pursuant to the summary plan description for the Procter & Gamble Basic Separation Program for U.S. Employees, are the special benefits you will receive by signing this Agreement.  To the extent this Agreement describes benefits under other benefit plans and policies sponsored by P&G, these special benefits are also described in the summary plan descriptions for those plans.  As such, nothing in this Agreement amends or changes the terms of any P&G-sponsored employee benefit plan or policy. 

After your Last Day of Employment, you will no longer be an active P&G employee, which may affect your coverage under those plans and policies.  For example, plans may require that you enroll in Medicare to be eligible for coverage.  For more information on how not being an active P&G employee may affect your coverage, please refer to and review the summary plan descriptions for each plan, available at PGOneàLife and Career.Exhibit
10.53

 

 

INDEPENDENT
CONSULTANT AGREEMENT

 

This
Independent Consultant Agreement (this “Agreement”) is dated as of the 15th day of August 2019 (the “Effective
Date”).

 

BETWEEN:

 

Verb
Technology Company, Inc, a publicly traded corporation [NASDAQ: VERB] duly incorporated under the laws of the State of Nevada
and having an address at 2210 Newport Blvd., Ste. 200, Newport Beach, CA 92663 (Email: Rory@verb.tech)

 

(the
“Company”)

 

AND:

 

Adam
Wolfson, together with all partners, associates, agents and permitted assigns, having an address at c/o Wolfson Insurance
Brokerage, Inc., 9 East 37th Street (4th Floor), New York, NY 10016

 

(email:
awoflson@globalcoverage.com)

 

(collectively,
the “Consultant”

 

WHEREAS:

 

A.
The Company is engaged in the business of providing an enterprise scale interactive video platform for, among other things, corporate
communications, customer relationship management, sales/lead generation, content creation and distribution, artist promotion,
fan and consumer engagement, and talent discovery;

 

B.
The Consultant has considerable expertise in identifying, analyzing, and valuing business opportunities, financial and otherwise,
that could help accelerate the growth of the Company; and

 

C.
The Company wishes to obtain, and the Consultant wishes to provide, certain services to the Company on the terms and conditions
set out in this Agreement;

 

NOW
THEREFORE IN CONSIDERATION of the mutual promises contained in this Agreement, the Company and the Consultant (each, a “Party”
and, together, the “Parties”) agree as follows:

 

	1.	SERVICES
    TO BE PROVIDE

 

	 	1.1	Commencing
    on the Effective Date (the “Effective Date”), the Consultant will utilize his experience, resources and
    relationships to identify business opportunities for the Company as described with greater specificity on the annexed “Exhibit
    A”, (the “Services”).

 

    	 	 	 

    	 	-2-	 

    

 

	 	1.2	The
    Consultant will report to the CEO (the “CEO”) and will keep the GM informed of all matters concerning the
    Services as requested by the Company from time to time.
	 	 	 
	 	1.3	The
    Consultant will perform the Services to the level of competence and skill one would reasonably expect from someone with skills
    and experience similar to that as represented by the Consultant.
	 	 	 
	 	1.4	The
    Consultant will not have any right or authority, express or implied, to commit or otherwise obligate the Company in any manner
    whatsoever, except to the extent specifically provided herein or specifically authorized in writing by the Company.
	 	 	 
	 	1.5	The
    Consultant will faithfully, honestly, and diligently serve the Company, use the Consultant’s best efforts to promote
    the best interests of the Company and co-operate with the Company, and utilize maximum professional skill and care to ensure
    that all services rendered hereunder, including the Services, are rendered to the satisfaction of the Company.
	 	 	 
	 	1.6	The
    Consultant will comply with all applicable rules, laws, regulations, and policies of any kind whatsoever having application
    to the carrying out and performance of the Consultant’s obligations under this Agreement, specifically including all
    rules and regulations applicable to an SEC reporting company.

 

	2.	REMUNERATION
    AND EXPENSES

 

	 	2.1	The
    Company will pay the Consultant consulting fees (the “Consulting Fees”) in accordance with the annexed
    “Exhibit B”.
	 	 	 
	 	2.2	During
    the term of this Agreement, the Consultant shall be solely responsible for all of his out-of-pocket expenses incurred in connection
    with the performance of the Services hereunder.
	 	 	 
	 	2.3	The
    Consultant hereby holds the Company harmless from any and all claims made by third-parties for compensation of any kind related
    to a business opportunity for which Consultant was paid Consulting Fees by the Company.
	 	 	 
	 	2.4	The
    Consultant represents that he is acting at all times in the capacity of an independent contractor and NOT an employee and
    accordingly statutory deductions will not be made from the Consulting Fees.

 

	3.	TERM
    AND TERMINATION

 

	 	3.1	This
    Agreement will commence on the Effective Date and will continue for 1 year (the “Initial Term”), unless
    terminated in accordance with Section 3.3 or renewed in accordance with Section 3.2.

 

    	 	 	 

    	 	-3-	 

    

 

	 	3.2	Notwithstanding
    Section 3.1, this Agreement may be renewed for a subsequent term, the quantum and terms of which are to be mutually determined
    by the Parties, upon the Company providing written notice to the Consultant by no later than 10 days prior to the last day
    of the Initial Term of its intention to renew this Agreement. In the event the Company does not provide such notice, this
    Agreement will expire on the last day of the Initial Term.
	 	 	 
	 	3.3	Notwithstanding
    Section 3.1, this Agreement may be terminated at any time by:

 

	 	(a)	Either
    Party giving at least 10 days’ advance notice in writing to the other Party;
	 	 	 
	 	(b)	the
    Company without notice in the event the Consultant: (i) breaches any term of this Agreement, (ii) neglects the Services or
    any other duty to be performed by the Consultant under this Agreement, (iii) engages in any conduct which is dishonest, or
    damages the reputation or standing of the Company, (iv) is convicted of any criminal act, (v) engages in any act of moral
    turpitude, (vi) files a voluntary petition in bankruptcy, or (vii) is adjudicated as bankrupt or insolvent; all as determined
    in the sole good faith discretion of the Company.

 

	 	3.4	Upon
    termination of this Agreement for any reason, the Consultant shall upon receipt of all sums due and owing through the date
    of termination promptly deliver the following in accordance with the directions of the Company:

 

	 	(a)	all
    documents pertaining to the Company or this Agreement, including but not limited to all books of account, correspondence and
    contracts; and
	 	 	 
	 	(b)	all
    equipment and any other property belonging to the Company.

 

	 	3.5	In
    the event the Company is acquired, or is the non-surviving party in a merger, or sells all of or substantially all of its
    assets, this Agreement shall be automatically terminated.

 

	4.	CONFIDENTIALITY,
    NON-SOLICITATION, AND OWNERSHIP OF PROPERTY

 

	 	4.1	In
    connection with the implementation of this Agreement, the Parties and/or their affiliates will furnish to one another certain
    information that is either non-public, confidential or proprietary in nature (the “Confidential Information”).
    Pursuant to the U.S. Securities and Exchange Commission’s Regulation FD, the Company is permitted to disclose to
    you as Recipient on a confidential basis, the Confidential Information so long as you agree to be bound by this Agreement.
	 	 	 
	 	4.2	The
    Consultant acknowledges that, by reason of this contract for Services, the Consultant will have access to Confidential Information,
    as hereinafter defined, of the Company, that the Company has spent time, effort and money to develop and acquire.

 

    	 	 	 

    	 	-4-	 

    

 

The
term “Confidential Information” as used in this Agreement means information, whether or not originated by the
Consultant, that relates to the business or affairs of the Company, its affiliates, clients or suppliers and is confidential or
proprietary to, about or created by the Company, its affiliates, clients, or suppliers. Confidential Information includes, but
is not limited to, the following types of confidential information and other proprietary information of a similar nature (whether
or not reduced to writing or designated or marked as confidential):

 

	 	(a)	information
    relating to strategies, research, communications, business plans, and financial data of the Company and any information of
    the Company which is not readily publicly available;
	 	 	 
	 	(b)	work
    product resulting from or related to work or projects performed for or to be performed for the Company or its affiliates,
    including but not limited to, the methods, processes, procedures, analysis, techniques and audits used in connection therewith;
	 	 	 
	 	(c)	any
    intellectual property contributed to the Company, and any other technical and business information of the Company, its subsidiaries
    and affiliates which is of a confidential, trade secret and/or proprietary character;
	 	 	 
	 	(d)	internal
    Company personnel and financial information, supplier names and other supplier information, purchasing and internal cost information,
    internal services and operational manuals, and the manner and method of conducting the Company’s business;
	 	 	 
	 	(e)	marketing
    and development plans, price and cost data, price and fee amounts, pricing and billing policies, quoting procedures, marketing
    techniques and methods of obtaining business, forecasts and forecast assumptions and volumes, current and prospective client
    lists, and future plans and potential strategies of the Company that have been or are being discussed; and
	 	 	 
	 	(f)	all
    information that becomes known to the Consultant as a result of this Agreement or the services performed hereunder that the
    Consultant, acting reasonably, believes is confidential information or that the Company takes measures to protect;

 

provided,
however, that Confidential Information does not include any of the following:

 

	 	(g)	the
    general skills and experience gained by the Consultant during the term of this Agreement that the Consultant could reasonably
    have been expected to acquire in similar retainers or engagements with other companies;
	 	 	 
	 	(h)	information
    publicly known without breach of this Agreement or similar agreements; or

 

    	 	 	 

    	 	-5-	 

    

 

	 	(i)	information,
    the disclosure of which by the Consultant is required to be made by any law, regulation or governmental authority or legal
    process of discovery (to the extent of the requirement), provided that before disclosure is made, notice of the requirement
    is provided to the Company, and to the extent reasonably possible in the circumstances, the Company is afforded an opportunity
    to dispute the requirement.

 

	 	4.3	The
    Consultant acknowledges that the Confidential Information is a valuable and unique asset of the Company and that the Confidential
    Information is and will remain the exclusive property of the Company. The Consultant agrees to maintain securely and hold
    in strict confidence all Confidential Information received, acquired or developed by the Consultant or disclosed to the Consultant
    as a result of or in connection with the Services. The Consultant agrees that, both during and after the termination of this
    Agreement, the Consultant will not, directly or indirectly, divulge, communicate, use, copy or disclose or permit others to
    use, copy or disclose, any Confidential Information to any person, except as such disclosure or use is required to perform
    its duties hereunder or as may be consented to by prior written authorization of the Board.
	 	 	 
	 	4.4	The
    obligation of confidentiality imposed by this Agreement shall not apply to information that appears in issued patents or printed
    publications, that otherwise becomes generally known in the industry through no act of the Consultant in breach of this Agreement,
    or that is required to be disclosed by court order or applicable law.
	 	 	 
	 	4.5	The
    Consultant understands that the Company has from time to time in its possession information belonging to third Parties or
    which is claimed by third Parties to be confidential or proprietary and which the Company has agreed to keep confidential.
    The Consultant agrees that all such information shall be Confidential Information for the purposes of this Agreement.
	 	 	 
	 	4.6	The
    Consultant represents and warrants that the Consultant has not used and will not use, while performing the Services, any materials
    or documents of another company which the Consultant is under a duty not to disclose. The Consultant understands that, while
    performing the Services, the Consultant shall not breach any obligation or confidence or duty the Consultant may have to any
    current or former client or employer. The Consultant represents and warrants that it will not, to the best of its knowledge
    and belief, use or cause to be incorporated in any of the Consultant’s work product, any data software, information,
    designs, techniques or know-how which the Consultant or the Company does not have the right to use.
	 	 	 
	 	4.7	The
    Recipient hereby acknowledges that the Recipient is aware, and further agrees that the Recipient will advise the Permitted
    Persons, that United States and Canadian securities laws prohibit any person who has material, non-public information about
    a company from purchasing or selling securities of such a company or from communicating such information to any other person
    under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities until
    such information either becomes immaterial or public.

 

    	 	 	 

    	 	-6-	 

    

 

	 	4.8	(a) The term “Developments” as used in this Agreement means all discoveries, inventions, designs, works of authorship, improvements and ideas (whether or not patentable or copyrightable) and legally recognized proprietary rights (including, but not limited to, patents, copyrights, trademarks, topographies, know-how and trade secrets), and all records and copies of records relating to the foregoing, that:

 

	 	1.	result
    or derive from the Consultant’s Services or from the Consultant’s knowledge or use of Confidential Information;
    or
	 	 	 
	 	2.	are
    conceived or made by the Consultant (individually or in collaboration with others) during the term of the Consultant’s
    Services; and

 

	 	i.	result
    from or derive from the use or application of the resources of the Company or its affiliates; or
	 	 	 
	 	ii.	relate
    to the business operations of the Company or to actual or demonstrably anticipated research and development by the Company
    or its affiliates.

 

(b)
All Developments shall be the exclusive property of the Company and the Company shall have sole discretion to deal with Developments.
The Consultant agrees that no intellectual property rights in the Developments are or shall be retained by him. For greater certainty,
all work done during the term of this engagement by the Consultant for the Company or its affiliates is the sole property of the
Company or its affiliates, as the case may be, as the first author for copyright purposes and in respect of which all copyright
shall vest in the Company or the relevant affiliate, as the case may be. In consideration of the benefits to be received by the
Consultant under the terms of this Agreement, the Consultant hereby irrevocably sells, assigns and transfers and agrees in the
future to sell, assign and transfer all right, title and interest in and to the Developments and intellectual property rights
therein including, without limitation, all patents, copyright, industrial design, circuit topography and trademarks, and any goodwill
associated therewith in Canada, the United States and worldwide to the Company and the Consultant shall hold all the benefits
of the rights, title and interest mentioned above in trust for the Company prior to the assignment to the Company, save and except
for any moral rights which the Consultant shall waive.

 

	 	(c)	The
    Consultant shall do all further things that may be reasonably necessary or desirable in order to give full effect to the foregoing.
    If the Consultant’s cooperation is required in order for the Company to obtain or enforce legal protection of the Developments
    following the termination of the Consultant’s Services, the Consultant shall provide that cooperation so long as the
    Company pays to the Consultant reasonable compensation for the Consultant’s time at a rate to be agreed between the
    Consultant and the Company.

 

    	 	 	 

    	 	-7-	 

    

 

	 	4.9	The
    Consultant acknowledges that the restrictions contained in this Section 4 are, in view of the nature of the business of the
    Company, reasonable and necessary to protect the legitimate interests of the Company, that the Company would not have entered
    into this Agreement in the absence of such restrictions and that any violation of any provision of those Sections could result
    in irreparable injury to the Company. The Consultant agrees that, in the event it violates any of the restrictions referred
    to in this Section 4, the Company shall be entitled to such injunctive relief or other remedies at law or in equity which
    the Court deems fit.

 

	5.	INDEPENDENT
    CONTRACTOR RELATIONSHIP

 

	 	5.1	It
    is expressly agreed that the Consultant is acting as an independent contractor in performing the Services under this Agreement.
	 	 	 
	 	5.2	The
    Company upon the Consultant’s request will provide the Consultant a Company email address. If Consultant requests an
    email address, the Consultant must include the title “Independent Sales Representative” in the signature line.
	 	 	 
	 	5.3	The
    Consultant is not precluded from acting in any other capacity for any other person, firm or Company provided that it does
    not conflict with or materially interfere with the Consultant’s duties to the Company as set out in this Agreement.
	 	 	 
	 	5.4	The
    Company will not pay any contribution to any pension plan, employment insurance or withholding taxes, nor provide any other
    contributions or benefits, which might be expected in an employer-employee relationship on behalf of the Consultant.
	 	 	 
	 	5.5	The
    Consultant represents and warrants that the Consultant has the right to provide the Services required under this Agreement
    without violation of obligations to others and that all advice, information, and documents given by the Consultant to the
    Company under this Agreement may be used fully and freely by the Company, unless otherwise so designated orally or in writing
    by the Consultant at the time of communication of such information (e.g. information shared with the Consultant in a confidential
    manner or on a non-attribution basis).

 

	6.	GENERAL

 

	 	6.1	This
    Agreement contains the entire Agreement and obligation between the Parties with respect to its subject matter. No amendment
    to this Agreement will be valid or effective unless in writing and signed by both Parties.
	 	 	 
	 	6.2	The
    Consultant agrees to indemnify the Company from all losses, claims, actions, damages, assessments or demands (including reasonable
    legal fees and expenses) which result from willful or grossly negligent acts or omissions of the Consultant in providing the
    Services.
	 	 	 
	 	6.3	The
    Consultant agrees to indemnify and hold the Company harmless from claims by any other party for commissions, finder’s
    fees, or any other form of compensation related to the Services provided and to be provided by Consultant as set forth herein

 

    	 	 	 

    	 	-8-	 

    

 

	 	6.4	Any
    notice, request, demand or other communication hereunder shall be in writing and shall be deemed to have been duly given if
    delivered by hand, registered mail or email transmission to the applicable address or email address of the receiving Party
    set forth on the first page of this Agreement, and any notice, request, demand or other communication so delivered or sent
    shall be deemed to have been duly given on the next succeeding business day (meaning any day other than a day which is a Saturday,
    a Sunday or any day on which banks in the State of California are not generally open for business) following the day on which
    it was so delivered or sent.
	 	 	 
	 	6.5	If
    any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws by any court
    of competent jurisdiction, such illegality, invalidity or unenforceability shall not affect the legality, enforceability or
    validity of any other provisions or of the same provision as applied to any other fact or circumstance and such illegal, unenforceable
    or invalid provision shall be modified to the minimum extent necessary to make such provision legal, valid or enforceable,
    as the case may be.
	 	 	 
	 	6.6	This
    Agreement cannot be amended or otherwise modified without the unanimous prior written consent of the Parties hereto.
	 	 	 
	 	6.7	Time
    shall be of the essence for all things arising under this Agreement.
	 	 	 
	 	6.8	The
    Consultant may not sell, assign or transfer any rights or interests created under this Agreement or delegate any of the Consultant’s
    duties without the prior written consent of the Company.
	 	 	 
	 	6.9	The
    headings in this Agreement are inserted for convenience of reference only and shall not affect the construction or interpretation
    of this Agreement. Wherever the singular or masculine or neuter is used in this Agreement, the same shall be construed as
    meaning the plural or feminine or a body politic or corporate and vice versa where the context so requires.
	 	 	 
	 	6.10	This
    Agreement will be governed by and construed in accordance with the laws of the State of California and federal laws applicable
    therein, and each Party submits to the jurisdiction of courts of competent jurisdiction in the State of California.
	 	 	 
	 	6.11	This
    Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
    taken together shall be deemed to constitute one and the same instrument. Counterparts may be executed either in original
    or electronic form and the Parties agree that any signature delivered by electronic transmission will be deemed to be the
    original signature of the delivering Party.
	 	 	 
	 	6.12	The
    Parties have each had an opportunity to obtain independent legal advice with respect to this Agreement and they sign same
    voluntarily and of their own free will.

 

    	 	 	 

    	 	-9-	 

    

 

IN
WITNESS WHEREOF, the Parties have signed this Agreement as of the day and year first written above.

 

	Verb
    Technology Company, INC.	 
	 	 	 
	By:	/s/
    Rory Cutaia	 
	 	Rory
    Cutaia, CEO	 

 

	AGREED
    TO AND ACCEPTED	 
	 	 
	/s/
    Adam Wolfson	 
	Adam
    Wolfson	 

 

    	 	 	 

    	 	-10-	 

    

 

EXHIBIT
A

 

THE
SERVICES

 

	1.	SERVICES.

 

The
Consultant shall assist the Company in the performance and execution of its business initiatives, including, among other things:

 

	(a)	providing
    advice and counsel in connection with the Company’s growth strategies, including, but not limited to, identifying merger
    and acquisition targets.

 

REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

 

    	 	 	 

    	 	-11-	 

    

 

EXHIBIT
B

 

COMPENSATION

 

As
full compensation for the Services rendered under this Agreement, the Company shall pay the Consultant in accordance with the
following terms:

 

For
Consulting Services Rendered:

 

Upon
execution hereof, the Company shall pay Consultant for the Services rendered

 

hereunder
100,000 restricted shares of common stock.

 

In
addition, the Company shall grant Consultant an option to purchase 100,000 shares of the Company’s restricted common shares
at an exercise price of $1.85 per share. The foregoing option shall be pursuant to and in accordance with the terms and conditions
of the Company’s standard option agreement, a copy of which is attached hereto.

 

REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]