Document:

EXHIBIT 10.02

 

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (the “Agreement”) is effective as of November 11, 2014, by and between WINDSTREAM
TECHNOLOGIES, INC. (the “Company”), and Travis Campbell (“Executive”).

 

WHEREAS,
the Company is engaged in the business of designing, prototyping and manufacturing affordable and scalable renewable energy technologies
for the global marketplace (the “Company Business”);

 

WHEREAS,
the Company desires to employ Executive and Executive desires to be employed by the Company; and

 

WHEREAS,
the Company and Executive desire to enter into this Agreement to set forth the rights, duties, benefits and obligations with respect
to the employment of Executive by the Company under the terms and conditions herein provided.

 

NOW,
THEREFORE, in consideration of Executive’s employment with the Company, and the mutual and respective covenants and
agreements of the parties herein contained, and other good and valuable consideration present but not specifically set forth,
the parties hereto agree as follows:

 

1.
Employment. The Company hereby agrees to employ Executive as Chief Operating Officer, and Executive hereby agrees to be
employed by the Company, on the terms and conditions set forth herein. This Agreement and Executive’s employment hereunder
shall commence on the date hereof (the “Start Date”), and shall continue for a period of three years,
unless sooner terminated in accordance with the provisions of Section 6 hereof (the “Term”). The Term
will thereafter automatically extend for successive one-year periods, but Executive’s employment may at any time be terminated
in accordance with the provisions of Section 6 hereof.

 

2.
Duties and Responsibilities. Executive shall serve as Chief Operating Officer for the Company and shall report to be nominated
to serve as a member of its Board of Directors (the “Board”) and shall report to the Board and its
designees. Executive shall have the duties and responsibilities that are commensurate with that position, as well as such other
duties as may be assigned to Executive by the Board from time to time. Executive shall devote all of his working time and best
efforts to the business and affairs of the Company except for such time as shall reasonably be required to serve in connection
with civic or charitable activities, or manage Executive’s financial matters, provided that such activities, in the aggregate,
do not interfere with Executive’s ability to perform the duties and responsibilities of his employment hereunder. Executive
shall follow the direction of the Board and their designees, and shall perform all duties and responsibilities of the position
that he holds, as those duties and responsibilities may change from time to time. Executive shall comply with the Company’s
standards, policies and procedures in effect on the date of this Agreement and as they may change from time to time.

 

Executive:
_____

Company:
_____

 

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3.
Compensation and Related Matters.

 

(a)
Base Salary. Executive shall receive an initial annual base salary of one hundred seventy-five thousand dollars ($175,000)
less required and authorized withholding and deductions (“Base Salary”). Executive’s Base Salary
shall increase by ten percent (10%) per annum, subject to board approval, and be paid in accordance with the Company’s regular
payroll schedule as it applies to salaried employees. Notwithstanding the preceding sentence, in no event shall Executive’s
Base Salary be reduced by the Company without Executive’s consent.

 

(b)
Stock. Executive shall be eligible to participate in the Company’s common stock incentive plan as in effect from
time to time. The Compensation Committee of the Board of Directors has granted Executive, effective as of the Effective Date,
Two Million (2,000,000) stock options at purchase price of $.15 per share which shall vest immediately upon the Effective Date.
The Company may grant Executive additional stock options, restricted stock units or other awards under the Company’s common
stock incentive plan based on individual and Company performance criteria to be established by the Board.

 

(c)
Benefits. Executive shall be entitled to all rights and benefits for which he is eligible under the terms and conditions
of the Company’s standard benefits and compensation practices that may be in effect from time to time and provided by the
Company to its employees generally. In addition to, and not in limitation of, the foregoing, during the Term, Executive shall
be eligible to accrue up to four weeks (20 business days) of paid time off (PTO) per anniversary year exclusive of any business
day with respect to which the Company is closed for business due to any federal, state or local holiday or any day off generally
granted by the Company to its employees, subject to the Company’s then-current paid time off policy (which shall not have
the effect of reducing said four weeks (20 business days) of paid vacation). In addition to, and not in limitation of the foregoing,
during the Term, Executive shall receive any additional benefits generally provided by the Company to executive employees of the
Company, including group health insurance for Executive and dependents, all in accordance with applicable plan documents.

 

(d)
Expense Reimbursement. The Company will reimburse Executive for reasonable business expenses in accordance with the Company’s
standard expense account and reimbursement policies.

 

4.
Representations and Warranties of Executive. In order to induce the Company to employ Executive, Executive hereby represents
and warrants to the Company as follows:

 

(a)
Binding Agreement. This Agreement has been duly executed and delivered by Executive and constitutes a legal, valid and
binding obligation of Executive and is enforceable against Executive in accordance with its terms.

 

(b)
No Violations of Law. The execution and delivery of this Agreement and the other agreements contemplated hereby by Executive
do not, and the performance by Executive of his obligations under this Agreement and the other agreements contemplated hereby
will not, violate any term or provision of any law, or any writ, judgment, decree, injunction, or similar order applicable to
Executive.

 

Executive:
_____

Company:
_____

 

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(c)
Litigation. Executive is not involved in any proceeding, claim, lawsuit, or investigation alleging wrongdoing by Executive
before any court or public or private arbitration board or panel or governmental department, commission, board, bureau, agency
or instrumentality.

 

(d)
No Conflicting Obligations. Executive is not under, or bound to be under in the future, any obligation to any person or
entity that is or would be inconsistent or in conflict with this Agreement or would prevent, limit, or impair in any way the performance
by him of his obligations hereunder, including but not limited to any duties owed to any former employers not to compete or use
or disclose confidential information. Executive represents and agrees that he will not disclose to the Company or use on behalf
of the Company any confidential information or trade secrets belonging to a third party, including any former employer. Executive
further represents and agrees that he has returned, or will return before his last day of employment with his current employer,
all property belonging to Executive’s current and previous employers, including but not limited to any and all confidential
information.

 

5.
Restrictive Covenants.

 

(a)
Confidentiality Critical. The parties agree that the business in which the Company is engaged is highly sales-oriented
and the goodwill established between Executive and the Company’s customers and potential customers is a valuable and legitimate
business interest worthy of protection under this Agreement. Executive acknowledges and agrees that developing and maintaining
business relationships is an important and essential business interest of the Company. Executive further recognizes that, by virtue
of his employment by the Company, he will be granted otherwise prohibited access to confidential and proprietary data of the Company
which is not known to its competitors and which has independent economic value to the Company and that he will gain an intimate
knowledge of the Company’s business and its policies, customers, employees and trade secrets, and of other confidential,
proprietary, privileged, or secret information of the Company and its customers (“Customers”) (collectively,
all such nonpublic information is referred to as “Confidential Information”).

 

This
Confidential Information includes, but is not limited to data relating to the Company’s marketing and servicing programs,
procedures and techniques; business, management and personnel strategies; the criteria and formulae used by the Company in pricing
its products, loss control and information management services; the Company’s products and services; the Company’s
computer system and software; lists of prospects; customer lists; the identity, authority and responsibilities of key contacts
at accounts of Customers; and the composition and organization of Customers’ business. Executive recognizes and admits that
this Confidential Information constitutes valuable property of the Company, developed over a long period of time and at substantial
expense, and worthy of protection. Executive acknowledges and agrees that only through his employment with the Company could he
have the opportunity to learn this Confidential Information.

 

Executive:
_____

Company:
_____

 

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(b)
Confidential Information. Executive shall not at any time (for any reason), directly or indirectly, for himself or on behalf
of any other person or entity, (A) disclose to any person or entity (except to employees or other representatives of the Company
who need to know such Confidential Information to the extent reasonably necessary for Executive to perform his duties under this
Agreement or such employees or representatives to perform their duties on behalf of the Company, and except as required by law)
any Confidential Information, including, without limitation, business or trade secrets of, or products or methods or techniques
used by, the Company, or any Confidential Information whatsoever concerning the Customers, (B) use, directly or indirectly, for
his own benefit or for the benefit of another (other than a Customer) any of such Confidential Information, or (C) assist any
other person or entity in connection with any action described in either of the foregoing clauses (A) and (B).

 

(c)
Noninterference with Employees. Executive further agrees that the Company has expended considerable time, energy and resources
into training its other employees (“Co-Workers”). As a result, during his employment with the Company and for a period
of eighteen (18) months thereafter, Executive shall not, for any reason, directly or indirectly, for himself or on behalf of any
other person or entity, (A) induce or attempt to induce any Co-Worker to terminate employment with the Company, (B) interfere
with or disrupt the Company’s relationship with any of the Co-Workers, (C) solicit, entice, hire, cause to hire, or take
away any person employed by the Company at that time or during the eighteen (18) month period preceding Executive’s last
day of employment with the Company, or (D) assist any other person or entity in connection with any action described in any of
the foregoing clauses (A) through (C).

 

(d)
Non-competition. Executive further agrees with the Company to the following provisions, all of which Executive acknowledges
and agrees are necessary to protect the Company’s legitimate business interests. Executive covenants and agrees with the
Company that:

 

(i)
Unless otherwise agreed between the parties, Executive shall not, during his employment with the Company and for a period of eighteen
(18) months thereafter, either directly or indirectly, engage in, render service or other assistance to, or sell products or services,
or provide resources of any kind, whether as an owner, partner, shareholder, officer, director, employee, consultant or in any
other capacity, whether or not for consideration, to any person, corporation, or any entity, whatsoever, that owns, operates or
conducts a business that competes, in any way, with the Company Business (as defined at the start of this Agreement), other than
the ownership of 5% or less of the shares of a public company where Executive is not active in the day-to-day management of such
company. With respect to the post employment application of this Section 5(d)(i), the restrictions shall extend only to those
specific countries or provinces where the Company conducts business on the day that Executive’s employment with the Company
terminates.

 

Executive:
_____

Company:
_____

 

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(ii)
Executive shall not, during his employment with the Company and for a period of eighteen (18) months thereafter, either directly
or indirectly, (A) solicit, call on or contact any Customer of the Company with whom Executive has had material contact during
his employment with the Company for the purpose or with the effect of offering any products or services of any kind offered by
the Company at that time or during his employment with the Company, (B) request or advise any present or future vendors or suppliers
to the Company to cancel any contracts, or curtail their dealings, with the Company, or (C) assist any other person or entity
in connection with any action described in any of the foregoing clauses (A) through (B).

 

(iii)
During his employment with the Company, Executive shall not own, or permit ownership by Executive’s spouse or any minor
children under the parental control of Executive, directly or indirectly, an amount in excess of five percent (5%) of the outstanding
shares of stock of a corporation, or five percent (5%) of any business venture of any kind, which operates or conducts a business
that competes, in any way, with the Company.

 

(e)
Non-disparagement. At any time during or after Executive’s employment with the Company, Executive shall not disparage
the Company or any shareholders, directors, officers, employees, or agents of the Company. During and after Executive’s
employment with the Company, neither the Company nor its directors or officers shall disparage Executive to third parties.

 

(f)
Understandings.

 

(i)
The provisions of this Section 5 shall be construed as an agreement independent of any other claim. The existence of any claim
or cause of action of Executive against the Company, whether predicated on Executive’s employment or otherwise, shall not
constitute a defense to the enforcement by the Company of the terms of Section 5 of this Agreement. Executive waives any right
to a jury trial in any litigation relating to or arising from this Section 5.

 

(ii)
Executive acknowledges and agrees that the covenants and agreements contained herein are necessary for the protection of the Company’s
legitimate business interests and are reasonable in scope and content. Executive agrees that the restrictions contained in this
Section 5 are reasonable and will not unduly restrict him in securing other employment or income in the event his employment with
the Company ends. Executive acknowledges and agrees that he executed this Agreement on or before his first day of employment with
the Company.

 

(g)
Injunctive Relief. Executive acknowledges and agrees that any breach by him of any of the covenants or agreements contained
in this Section 5 would give rise to irreparable injury and would not be adequately compensable in damages. Accordingly, Executive
agrees that the Company may seek and obtain injunctive relief against the breach or threatened breach of any of the provisions
of this Agreement in addition to any other legal or equitable remedies available.

 

Executive:
_____

Company:
_____

 

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(h)
Reformation and Survival. The Company and Executive agree and stipulate that the agreements and covenants contained in
this Agreement and specifically of this Section 5 are fair and reasonable in light of all of the facts and circumstances of the
relationship between them. The Company and Executive agree and stipulate that Executive has hereby agreed to be bound to the obligations,
restrictions and covenants of this Section 5 as a condition to his employment and in consideration of his compensation, stock
option grant, restricted stock unit grant, severance terms, and all other terms and provisions of this Agreement. The Company
and Executive acknowledge their awareness, however, that in certain circumstances courts have refused to enforce certain agreements
not to compete. The Company and Executive agree that, if any term, clause, subpart, or provision of this Agreement is for any
reason adjudged by a Court of competent jurisdiction to be invalid, unreasonable, unenforceable or void, the same will be treated
as severable, and shall be modified to the extent necessary to be legally enforceable to the fullest extent permitted by applicable
law, and that such modification will not impair or invalidate any of the other provisions of this Agreement, all of which will
be performed in accordance with their respective terms. Thus, in furtherance of, and not in derogation of, the provisions of this
Section 5, the Company and Executive agree that in such event, this Section 5 shall be deemed to be modified or reformed to restrict
Executive’s conduct to the maximum extent (in terms of time, geography, and business scope) that the court shall determine
to be enforceable. The provisions of this Section 5 shall survive the termination of this Agreement and Executive’s resignation
or termination of employment, regardless of the reason and whether voluntary or involuntary.

 

6.
Termination.

 

(a)
Termination By The Company With Cause. The Company has the right, in its reasonable determination at any time during the
Term, to terminate Executive’s employment with the Company for Cause (as defined below) by giving written notice to Executive
as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause (i), (ii), (iii) or (iv) in
the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company,
specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned
clauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the
Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless
Executive has cured the condition giving rise to the Cause. The Company’s termination of Executive’s employment for
Cause under clause (v) or (vi) of the next-following paragraph shall be effective immediately upon the Company’s written
notice to Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to Executive
shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued
but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus
plan or program to the effective date of termination.

 

As
used in this Agreement, the term “Cause” shall mean and include (i) Executive’s abuse of alcohol
that materially affects Executive’s performance of Executive’s duties under this Agreement, or use of any controlled
substance; (ii) a willful act of fraud, dishonesty or breach of fiduciary duty on the part of Executive with respect to the business
or affairs of the Company; (iii) material failure by Executive to comply with applicable laws and regulations or professional
standards relating to the business of the Company; (iv) material failure by Executive to satisfactorily perform his duties hereunder,
a material breach by Executive of this Agreement, or Executive engaging in conduct that materially conflicts with the best interests
of the Company or that may materially harm the Company’s reputation; (v) Executive being subject to an inquiry or investigation
by a governmental authority or self-regulatory organization such that the existence of such inquiry or investigation is reasonably
likely to result in damage to the Company’s business interests, licenses, reputation or prospects; or (vi) Executive’s
being convicted of a felony or a misdemeanor involving moral turpitude.

 

Executive:
_____

Company:
_____

 

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(b)
Termination By The Company Without Cause. The Company shall have the right, at any time during the Term, to terminate Executive’s
employment with the Company without Cause by giving written notice to Executive, which termination shall be effective thirty (30)
calendar days from the date of such written notice. The Company may provide thirty (30) days pay in lieu of notice. If the Company
terminates Executive’s employment without Cause, the Company’s obligation to Executive shall be limited solely to
(i) unpaid Base Salary plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination; (ii) if there is no unpaid bonus earned for
the year of termination, an amount equal to the product of 100% of Executive’s Base Salary multiplied by a fraction, the
numerator of which is the number of days he is employed by the Company during the year in which the termination occurs and the
denominator of which is 365 and, if the date of termination occurs prior to the date on which the annual bonus, if any, for the
immediately preceding year would otherwise be paid, an amount equal to the annual bonus that would have been paid to Executive
for such immediately preceding year, based on the actual achievement of applicable performance goals and without regard to whether
Executive is employed on the date the bonus otherwise would have been paid; (iii) severance in an amount equal to Executive’s
then-current Base Salary for a period of eighteen (18) months; and (iv) if Executive is eligible for and timely elects COBRA coverage
for health insurance coverage, payment of Executive’s COBRA premiums for the health insurance coverage for himself and his
eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly basis when the premiums are due,
and in the event of the death of Executive before the expiration of such eighteen (18)-month period, the Company shall, for the
remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents (including his spouse, if any)
who were receiving COBRA coverage at the time of his death. Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate applicable agreements entered into between Executive and
the Company; provided, however, any stock options awarded to Executive under this Agreement shall immediately vest upon
termination of Executive by the Company without Cause. As a condition to his receipt of the post-employment payments and benefits
under clauses (ii), (iii) and (iv) of the third sentence of this Section 6(b), Executive must be in compliance with Section 5
of this Agreement, and must execute, return, not rescind and comply with a general release of claims agreement in favor of the
Company and related entities and individuals, within the timeframe and in a form to be prescribed by the Company. The amount described
in clause (ii) of the third sentence of this paragraph shall be paid on the ninetieth (90th) calendar day after the date of Executive’s
termination of employment, and the severance described in clause (iii) of the third sentence of this paragraph shall be paid in
equal installments according to the normal payroll schedule, the first payment to Executive to be made on the next scheduled payroll
date that occurs on or after the ninetieth (90th) day after the date of Executive’s termination of employment, provided
that, in the case of amounts described in clauses (ii) and (iii) of the third sentence of this Section 6(b), the Company has received
the signed general release of claims agreement and Executive has not rescinded such agreement within the rescission period set
forth in such agreement. Executive shall have no duty to mitigate damages under this Section 6(b) during the applicable severance
period and, in the event Executive shall subsequently receive income from providing Executive’s services to any person or
entity, including self employment income, or otherwise, then no such income shall in any manner offset or otherwise reduce the
payment obligations of the Company hereunder.

 

Executive:
_____

Company:
_____

 

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Notwithstanding
anything herein to the contrary, this Section 6(b) shall not apply if Executive’s employment is terminated by the Company
or a succeeding entity without Cause upon or within one year of a Change of Control at any time during the Term as described in
Section 7 hereof. In such case, Section 7 of this Agreement shall control.

 

(c)
Termination By Executive for Good Reason. Executive has the right, in his reasonable determination at any time during the
Term, to terminate his employment with the Company for Good Reason (as defined in this Section 6(c) below) by giving written notice
to the Company as described in this Section 6(c) below. Prior to the effectiveness of termination for Good Reason, within thirty
(30) calendar days following the existence of a condition constituting Good Reason, Executive shall provide written notice to
the Company specifically identifying the reason or reasons which are alleged to constitute Good Reason, and an opportunity to
cure within a period of not less than thirty (30) days; provided, however, that Executive shall have no obligation
to continue his employment with the Company following such thirty (30) calendar day notice period unless the Company cures the
event(s) giving rise to Executive’s Good Reason notice. As used in this Section 6(c), the term “Good Reason” shall mean (i) a material diminution in Executive’s authority, duties or responsibilities; (ii) requiring
Executive to move his place of employment more than 75 miles from his place of employment prior to such move; or (iii) a material
breach by the Company of this Agreement; provided that in any such case Executive has not consented thereto. In addition to the
foregoing requirements, in no event shall an Executive’s termination of his employment be considered for Good Reason unless
such termination occurs within two (2) years following the initial existence of one of the conditions specified in clauses (i),
(ii) and (iii) of the preceding sentence.

 

If
Executive terminates his employment for Good Reason, the Company’s obligation to Executive shall be limited solely to (i)
unpaid Base Salary plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination; (ii) if there is no unpaid bonus earned for
the year of termination, an amount equal to the product of 100% of Executive’s Base Salary multiplied by a fraction, the
numerator of which is the number of days he is employed by the Company during the year in which the termination occurs and the
denominator of which is 365 and, if the date of termination occurs prior to the date on which the annual bonus, if any, for the
immediately preceding year would otherwise be paid, an amount equal to the annual bonus that would have been paid to Executive
for such immediately preceding year, based on the actual achievement of applicable performance goals and without regard to whether
Executive is employed on the date the bonus otherwise would have been paid; (iii) severance in an amount equal to Executive’s
then-current Base Salary for a period of eighteen (18) months; and (iv) if Executive is eligible for and timely elects COBRA coverage
for health insurance coverage, payment of Executive’s COBRA premiums for the health insurance coverage for himself and his
eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly basis when the premiums are due,
and in the event of the death of Executive before the expiration of such eighteen (18)-month period, the Company shall, for the
remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents (including his spouse, if any)
who were receiving COBRA coverage at the time of his death. Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate applicable agreements entered into between Executive and
the Company. As a condition to his receipt of the post-employment payments and benefits under clauses (ii), (iii) and (iv) of
the first sentence of this Section 6(c), Executive must be in compliance with Section 5 of this Agreement, and must execute, return,
not rescind and comply with a general release of claims agreement in favor of the Company and related entities and individuals,
within the timeframe and in a form to be prescribed by the Company. The amount described in clause (ii) of the first sentence
of this paragraph shall be paid on the ninetieth (90th) calendar day after the date of Executive’s termination of employment,
and the severance described in clause (iii) of the first sentence of this paragraph shall be paid in equal installments according
to the normal payroll schedule, the first payment to Executive to be made on the next scheduled payroll date that occurs on or
after the ninetieth (90th) day after the date of Executive’s termination of employment, provided that, in the case of amounts
described in clauses (ii) and (iii) of the first sentence of this Section 6(c), the Company has received the signed general release
of claims agreement and Executive has not rescinded such agreement within the rescission period set forth in such agreement. Executive
shall have no duty to mitigate damages under this Section 6(c) during the applicable severance period and, in the event Executive
shall subsequently receive income from providing Executive’s services to any person or entity, including self employment
income, or otherwise, then no such income shall in any manner offset or otherwise reduce the payment obligations of the Company
hereunder.

 

Executive:
_____

Company:
_____

 

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Notwithstanding
anything herein to the contrary, this Section 6(c) shall not apply if Executive terminates his employment with the Company or
a succeeding entity for Good Reason upon or within one year of a Change of Control at any time during the Term as described in
Section 7 hereof. In such case, Section 7 of this Agreement shall control.

 

Executive
has the right, at any time during the Term, to terminate his employment with the Company without Good Reason (as defined above)
by giving written notice to the Company, which termination shall be effective sixty (60) calendar days from the date of such written
notice. If Executive terminates his employment without Good Reason, the Company’s obligation to Executive shall be limited
solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid bonus
and benefits.

 

(d)
Termination Upon Disability. The Company shall have the right, at any time during the Term, to terminate Executive’s
employment if, during the term hereof, Executive becomes physically or mentally disabled, whether totally or partially, as evidenced
by the written statement of a competent physician licensed to practice medicine in the United States who is mutually acceptable
to the Company and Executive, so that Executive is unable to perform the essential functions of his job duties hereunder, with
or without reasonable accommodation, for (i) a period of three (3) consecutive months; or (ii) for shorter periods aggregating
ninety (90) calendar days during any twelve-month period. If the Company terminates Executive’s employment under this Section
6(d), the Company’s obligation to Executive shall be limited solely to the payment of unpaid Base Salary to the effective
date of termination, plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination and, if there is no unpaid, earned bonus for
the year in which the termination occurs, an amount equal to the product of 100% of Executive’s Base Salary multiplied by
a fraction, the numerator of which is the number of days he is employed by the Company during the year in which the termination
occurs and the denominator of which is 365.

 

Executive:
_____

Company:
_____

 

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(e)
Termination upon Death. If Executive dies during the Term, this Agreement shall terminate, except that Executive’s
surviving spouse (or if there is no surviving spouse, his estate) shall be entitled to receive the Base Salary and other accrued
benefits earned up to the date of Executive’s death.

 

7.
Change of Control.

 

(a)
Anything in this Agreement to the contrary notwithstanding, if, upon or within one year of a Change of Control (as defined below)
occurring at any time during the Term, the Company or a succeeding entity terminates Executive without Cause (as defined above)
or Executive terminates his employment for Good Reason (as defined in Section 6(c) above), the Company or the succeeding entity’s
obligation to Executive shall be (i) unpaid Base Salary, bonus and benefits accrued up to the effective date of termination, (ii)
if there is no unpaid bonus earned for the year of termination, an amount equal to the product of 100% of Executive’s Base
Salary multiplied by a fraction, the numerator of which is the number of days he is employed by the Company during the year in
which the termination occurs and the denominator of which is 365 and, if the date of termination occurs prior to the date on which
the annual bonus, if any, for the immediately preceding year would otherwise be paid, an amount equal to the annual bonus that
would have been paid to Executive for such immediately preceding year, based on the actual achievement of applicable performance
goals and without regard to whether Executive is employed on the date the bonus otherwise would have been paid, (iii) a lump sum
payment equal to Executive’s then-current Base Salary for a period of thirty-six (36) months, and (iv) if Executive is eligible
for and timely elects COBRA coverage for health insurance coverage, payment of Executive’s COBRA premiums for health insurance
coverage for himself and his eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly
basis when the premiums are due, and in the event of the death of Executive before the expiration of such eighteen (18)-month
period, the Company shall, for the remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents
(including his spouse, if any) who were receiving COBRA coverage at the time of his death. In the event of a without Cause Change
of Control termination or a without Good Reason Change of Control termination, each as described herein, the payments in this
Section 7(a) shall be in lieu of, and not in addition to, any severance pay or benefits set forth in Sections 6(b) or 6(c), whichever
may apply. Notwithstanding anything to the contrary contained herein or in any award agreement between Executive and the Company,
in the event of a Change of Control (as defined below), (i) all unvested stock awards held by Executive, including stock options
described in Section 3(b) and any other subsequent awards, shall become fully vested upon the Change of Control and, if applicable,
immediately exercisable; (ii) each such award, and each already vested award described in Section 3(b), which is a stock option
shall continue to be exercisable for the remainder of its term; and (iii) with respect to any award that is subject to the attainment
of performance objectives or specified performance criteria, such performance objectives and criteria shall be deemed satisfied
at the target level and any performance period shall be deemed to end as of the date of the Change of Control. As a condition
to his receipt of the post-employment payments and benefits under this Section 7(a), other than the vesting of awards described
in the preceding sentence, Executive must be in compliance with Section 5 of this Agreement, and must execute, return, not rescind
and comply with a release of claims agreement in favor of the Company, related entities and individuals and the succeeding entity,
within the timeframe and in a form to be prescribed by the Company or a succeeding entity. The severance amount described in clauses
(ii) and (iii) of the first sentence of this paragraph shall be paid in a lump sum on the ninetieth (90th) day after the date
of Executive’s termination of employment (but in any event not later than March 15 of the year following the year in which
Executive’s employment terminates), provided that the Company has received the signed general release of claims agreement
and Executive has not rescinded such agreement within the rescission period set forth in such agreement.

 

Executive:
_____

Company:
_____

 

    	10

    	 

    

 

 

(b)
Change of Control Defined. For purposes of this Agreement, a “Change of Control” shall mean the occurrence
of a “change in the ownership,” a “change in the effective control” or a “change in the ownership
of a substantial portion of the assets” of the Company during the Term, as determined in accordance with this Section 7(b).
In determining whether an event shall be considered a “change in the ownership,” a “change in the effective
control” or a “change in the ownership of a substantial portion of the assets” of the Company, the following
provisions shall apply:

 

(i)
A “change in the ownership” of the Company shall occur on the date on which any one person, or more than one person
acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes
more than 50% of the total fair market value or total voting power of the stock of the Company, as determined in accordance with
Treasury Regulation § 1.409A-3(i)(5)(v). If a person or group is considered either to own more than 50% of the total fair
market value or total voting power of the stock of the Company, or to have effective control of the Company within the meaning
of clause (ii) of this Section 7(b), and such person or group acquires additional stock of the Company, the acquisition of additional
stock by such person or group shall not be considered to cause a “change in the ownership” of the Company.

 

(ii)
A “change in the effective control” of the Company shall occur on either of the following dates:

 

(A)
The date on which any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 40%
or more of the total voting power of the stock of the Company, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vi).
If a person or group is considered to possess 40% or more of the total voting power of the stock of the Company, and such person
or group acquires additional stock of the Company, the acquisition of additional stock by such person or group shall not be considered
to cause a “change in the effective control” of the Company; or

 

Executive:
_____

Company:
_____

 

    	11

    	 

    

  

(B)
The date on which a majority of the members of the Board is replaced during any 12-month period by directors whose appointment
or election is not endorsed by a majority of the members of the Board before the date of the appointment or election, as determined
in accordance with Treasury Regulation § 1.409A-3(i)(5)(vi).

 

(iii)
A “change in the ownership of a substantial portion of the assets” of the Company shall occur on the date on which
any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the
date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value
equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately before such acquisition
or acquisitions, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vii). A transfer of assets shall not
be treated as a “change in the ownership of a substantial portion of the assets” when such transfer is made to an
entity that is controlled by the shareholders of the Company, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vii)(B).

 

In
all cases, the determination of whether a Change of Control has occurred shall be made in accordance with Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), and the regulations, notices and other guidance
of general applicability issued thereunder.

 

8.
Code Section 409A. Notwithstanding anything herein to the contrary, if any payments to be made, or benefits to be provided,
to Executive hereunder are subject to the requirements of Code Section 409A and the Company determines that Executive is a “specified
employee” as defined in Code Section 409A as of the date of the termination, then, to the extent such payments or benefits
do not satisfy the separation pay exemption described in Treasury Regulation § 1.409A-1(b)(9)(iii) or any other exemption
available under Section 409A of the Code (the “Non-Exempt Payments”), the amount of such Non-Exempt Payments shall
not be paid or commence earlier than the date that is six months after the termination. Any Non-Exempt Payment not made during
the six-month period shall be paid in a lump sum payment on the first day of the seventh month following termination. For purposes
of Code Section 409A, any reference to Executive’s termination of employment in this Agreement shall be deemed to be a reference
to Executive’s “separation from service” (within the meaning of Treasury Regulation § 1.409-1(h), applying
the default terms thereof), and any installment payments provided to Executive pursuant to this Agreement shall be treated as
a series of separate payments.

 

Executive: _____

Company:
_____

 

    	12

    	 

    

  

9.
Successors; Assignment, Etc.; Third Party Beneficiaries.

 

(a)
Executive consents to and the Company shall have the right to assign this Agreement to its successors or assigns. All covenants
or agreements hereunder shall inure to the benefit of and be enforceable by or against its successors or assigns. The terms “successors”
and “assigns” shall include, but not be limited to, any succeeding entity upon a Change of Control.

 

(b)
Neither this Agreement nor any of the rights or obligations of Executive under this Agreement may be assigned or delegated except
as provided in the last sentence of this Section 9(b). This Agreement and all rights of Executive hereunder shall inure to the
benefit of and be enforceable by, and shall be binding upon, Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees, and legatees. If Executive should die while any amounts would still be payable to him
hereunder had he continued to live, then all such amounts (unless otherwise provided herein) shall be paid in accordance with
the terms of this Agreement to his surviving spouse, or if there is no surviving spouse, to Executive’s estate.

 

10.
Notice. For purposes of this Agreement, all notices and other communications provided for in this Agreement shall be in
writing and shall be deemed to have been duly given when delivered in person or when mailed by United States registered or certified
mail, return receipt requested, first-class postage prepaid, addressed as follows:

 

	If
    to Executive :	 	If
    to the Company :
	 	 	 
	Mr.
                                         Travis Campbell

        315
        East County Road, 175 North

        North
        Vernon, IN 47265

        
	 	WindStream
                                         Technologies, Inc.

        819
        Buckeye Street

        North
        Vernon, IN 47265

	 	 	 
	 	 	Attn:
    Corporate Secretary

 

or
to such other address as any party may have furnished to the other in writing in accordance with this Section 10, except that
notices of any change of address shall be effective only upon actual receipt.

 

11.
Indemnification. The Company shall indemnify the Executive, to the maximum extent permitted by applicable law and by its
certificate of incorporation, against all costs, charges and expenses incurred or sustained by the Executive in connection with
any action, suit or proceeding to which he may be made a party by reason of being an officer, director or employee of the Company
or of any subsidiary or affiliate of the Company or any other corporation for which the Executive serves [in good faith] as an
officer, director, or employee at the Company’s request. The Executive shall be entitled to the full protection of any insurance
policies, which the Company may elect to maintain generally for the benefit of its officers. The Executive agrees promptly to
notify the Company of any actual or threatened claim arising out of or as a result of the Executive’s employment with the
Company. The Company agrees to maintain Directors and Officers Liability Insurance for the benefit of Executive having coverage
and policy limits no less favorable to directors and officers than those in effect at the Effective Date.

 

Executive:
_____

Company:
_____

 

    	13

    	 

    

  

12.
Miscellaneous. No provision of this Agreement may be modified, waived, or discharged unless such waiver, modification,
or discharge is agreed to in writing signed by Executive and such officers as may be specifically designated by the Board. No
waiver by either party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of any similar or dissimilar condition or provision at the same or any other time. No agreements
or representations (whether oral or otherwise, express or implied) with respect to the subject matter of this Agreement have been
made by either party which are not set forth expressly in this Agreement or which are not specifically referred to in this Agreement.
If any term, clause, subpart, or provision of this Agreement is for any reason adjudged to be invalid, unreasonable, unenforceable
or void, the same will be treated as severable, shall be modified to the extent necessary to be legally enforceable to the fullest
extent permitted by applicable law, and will not impair or invalidate any of the other provisions of this Agreement, all of which
will be performed in accordance with their respective terms. The validity, interpretation, construction, and performance of this
Agreement shall be governed by the laws of the State of Indiana.

 

13.
Validity. If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future
law or court decision, and if the rights or obligations of the Company and Executive will not be materially and adversely affected
thereby, (a) such provision shall be fully severable from this Agreement, (b) this Agreement shall be construed and enforced as
if such illegal, invalid, or unenforceable provision had never comprised a part hereof, (c) the remaining provisions of this Agreement
shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its
severance herefrom, and (d) in lieu of such illegal, invalid, or unenforceable provision, there shall be added automatically as
a part of this Agreement a legal, valid, and enforceable provision as similar to the terms and intent of such illegal, invalid,
or unenforceable provision as may be possible.

 

14.
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together shall constitute one and the same instrument.

 

15.
Litigation. The parties agree that the exclusive venue for any litigation commenced by the Company or Executive relating
to this Agreement shall be the state courts located in Jennings County, Indiana or the United States District Court, Southern
District of Indiana. The parties waive any rights to object to venue as set forth herein, including any argument of inconvenience
for any reason.

 

16.
Entire Agreement. This Agreement constitutes (i) the binding agreement between the parties and (ii) represents the entire
agreement between the parties and supersedes all prior agreements relating to the subject matter contained herein. All prior negotiations
concerning Executive’s employment with the Company have been merged into this Agreement and are reflected in the terms herein.

 

Executive:
_____

Company:
_____

 

    	14

    	 

    

  

IN
WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of The Effective Date.

 

	 	EXECUTIVE:
	 	 	 
	 	By:	 
	 	Name:	Travis Campbell
	 	 	 
	 	COMPANY:
	 	 	 
	 	WINDSTREAM
TECHNOLOGIES, INC.
	 	 	 
	 	By:	
	 	Name:	Daniel Bates
	 	Title:	Chief Executive
    Officer

 

Executive:
_____

Company:
_____

 

    	15EXHIBIT 10.03

 

 EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (the “Agreement”) is effective as of November 11, 2014 (“the Effective
Date”), by and between WINDSTREAM TECHNOLOGIES, INC., a Wyoming Corporation, (the “Company”),
and Wanda Ferguson (“Executive”).

 

WHEREAS,
the Company is engaged in the business of designing, prototyping and manufacturing affordable and scalable renewable energy technologies
for the global marketplace (the “Company Business”);

 

WHEREAS,
the Company desires to employ Executive and Executive desires to be employed by the Company; and

 

WHEREAS,
the Company and Executive desire to enter into this Agreement to set forth the rights, duties, benefits and obligations with respect
to the employment of Executive by the Company under the terms and conditions herein provided.

 

NOW,
THEREFORE, in consideration of Executive’s employment with the Company, and the mutual and respective covenants and
agreements of the parties herein contained, and other good and valuable consideration present but not specifically set forth,
the parties hereto agree as follows:

 

1.
Employment. The Company hereby agrees to employ Executive as Secretary and Executive hereby agrees to be employed by the
Company, on the terms and conditions set forth herein. This Agreement and Executive’s employment hereunder shall commence
on the date hereof (the “Start Date”), and shall continue for a period of two years, unless sooner terminated
in accordance with the provisions of Section 6 hereof (the “Term”). The Term will thereafter automatically
extend for successive one-year periods, but Executive’s employment may at any time be terminated in accordance with the
provisions of Section 6 hereof.

 

2.
Duties and Responsibilities. Executive shall serve as Secretary for the Company and shall report to the Board of Directors
(the “Board”) and its designees. Executive shall have the duties and responsibilities that are commensurate
with that position, as well as such other duties as may be assigned to Executive by the Board from time to time. Executive shall
devote all of her working time and best efforts to the business and affairs of the Company except for such time as shall reasonably
be required to serve in connection with civic or charitable activities, or manage Executive’s financial matters, provided
that such activities, in the aggregate, do not interfere with Executive’s ability to perform the duties and responsibilities
of her employment hereunder. Executive shall follow the direction of the Board and their designees, and shall perform all duties
and responsibilities of the position that she holds, as those duties and responsibilities may change from time to time. Executive
shall comply with the Company’s standards, policies and procedures in effect on the date of this Agreement and as they may
change from time to time.

 

Executive:
_____

Company:
_____

 

    	1

    	 

    

  

3.
Compensation and Related Matters.

 

(a)
Base Salary. Executive shall receive an initial annual base salary of one hundred twenty thousand dollars ($120,000) less
required and authorized withholding and deductions. Executive’s salary shall increase by ten percent (10%) each year, subject
to board approval, or as otherwise provided by the Company’s Compensation Committee of the Board of Directors, and paid
in accordance with the Company’s regular payroll schedule as it applies to salaried employees (“Base Salary”).
Notwithstanding the preceding sentence, in no event shall Executive’s Base Salary be reduced by the Company without Executive’s
consent.

 

(b)
Stock. Executive shall be eligible to participate in the Company’s common stock incentive plan as in effect from
time to time. The Compensation Committee of the Board of Directors has granted Executive, effective as of the Effective Date,
One Million (1,000,000) stock options at purchase price of $.15 per share which shall vest immediately upon the Effective Date.
The Company may grant Executive additional stock options, restricted stock units or other awards under the Company’s common
stock incentive plan based on individual and Company performance criteria to be established by the Board.

 

(c)
Benefits. Executive shall be entitled to all rights and benefits for which she is eligible under the terms and conditions
of the Company’s standard benefits and compensation practices that may be in effect from time to time and provided by the
Company to its employees generally. In addition to, and not in limitation of, the foregoing, during the Term, Executive shall
be eligible to accrue up to four weeks (20 business days) of paid time off (PTO) per anniversary year exclusive of any business
day with respect to which the Company is closed for business due to any federal, state or local holiday or any day off generally
granted by the Company to its employees, subject to the Company’s then-current paid time off policy (which shall not have
the effect of reducing said four weeks (20 business days) of paid vacation). In addition to, and not in limitation of the foregoing,
during the Term, Executive shall receive any additional benefits generally provided by the Company to executive employees of the
Company, including group health insurance for Executive and dependents, all in accordance with applicable plan documents.

 

(d)
Expense Reimbursement. The Company will reimburse Executive for reasonable business expenses in accordance with the Company’s
standard expense account and reimbursement policies.

 

4.
Representations and Warranties of Executive. In order to induce the Company to employ Executive, Executive hereby represents
and warrants to the Company as follows:

 

(a)
Binding Agreement. This Agreement has been duly executed and delivered by Executive and constitutes a legal, valid and
binding obligation of Executive and is enforceable against Executive in accordance with its terms.

 

(b)
No Violations of Law. The execution and delivery of this Agreement and the other agreements contemplated hereby by Executive
do not, and the performance by Executive of her obligations under this Agreement and the other agreements contemplated hereby
will not, violate any term or provision of any law, or any writ, judgment, decree, injunction, or similar order applicable to
Executive.

 

Executive:
_____

Company:
_____

 

    	2

    	 

    

  

(c)
Litigation. Executive is not involved in any proceeding, claim, lawsuit, or investigation alleging wrongdoing by Executive
before any court or public or private arbitration board or panel or governmental department, commission, board, bureau, agency
or instrumentality.

 

(d)
No Conflicting Obligations. Executive is not under, or bound to be under in the future, any obligation to any person or
entity that is or would be inconsistent or in conflict with this Agreement or would prevent, limit, or impair in any way the performance
by her of her obligations hereunder, including but not limited to any duties owed to any former employers not to compete or use
or disclose confidential information. Executive represents and agrees that she will not disclose to the Company or use on behalf
of the Company any confidential information or trade secrets belonging to a third party, including any former employer. Executive
further represents and agrees that she has returned, or will return before her last day of employment with her current employer,
all property belonging to Executive’s current and previous employers, including but not limited to any and all confidential
information.

 

5.
Restrictive Covenants.

 

(a)
Confidentiality Critical. The parties agree that the business in which the Company is engaged is highly sales-oriented
and the goodwill established between Executive and the Company’s customers and potential customers is a valuable and legitimate
business interest worthy of protection under this Agreement. Executive acknowledges and agrees that developing and maintaining
business relationships is an important and essential business interest of the Company. Executive further recognizes that, by virtue
of her employment by the Company, she will be granted otherwise prohibited access to confidential and proprietary data of the
Company which is not known to its competitors and which has independent economic value to the Company and that she will gain an
intimate knowledge of the Company’s business and its policies, customers, employees and trade secrets, and of other confidential,
proprietary, privileged, or secret information of the Company and its customers (“Customers”) (collectively,
all such nonpublic information is referred to as “Confidential Information”).

 

This
Confidential Information includes, but is not limited to data relating to the Company’s marketing and servicing programs,
procedures and techniques; business, management and personnel strategies; the criteria and formulae used by the Company in pricing
its products, loss control and information management services; the Company’s products and services; the Company’s
computer system and software; lists of prospects; customer lists; the identity, authority and responsibilities of key contacts
at accounts of Customers; and the composition and organization of Customers’ business. Executive recognizes and admits that
this Confidential Information constitutes valuable property of the Company, developed over a long period of time and at substantial
expense, and worthy of protection. Executive acknowledges and agrees that only through her employment with the Company could she
have the opportunity to learn this Confidential Information.

 

Executive:
_____

Company:
_____

 

    	3

    	 

    

  

(b)
Confidential Information. Executive shall not at any time (for any reason), directly or indirectly, for herself or on behalf
of any other person or entity, (A) disclose to any person or entity (except to employees or other representatives of the Company
who need to know such Confidential Information to the extent reasonably necessary for Executive to perform her duties under this
Agreement or such employees or representatives to perform their duties on behalf of the Company, and except as required by law)
any Confidential Information, including, without limitation, business or trade secrets of, or products or methods or techniques
used by, the Company, or any Confidential Information whatsoever concerning the Customers, (B) use, directly or indirectly, for
her own benefit or for the benefit of another (other than a Customer) any of such Confidential Information, or (C) assist any
other person or entity in connection with any action described in either of the foregoing clauses (A) and (B).

 

(c)
Noninterference with Employees. Executive further agrees that the Company has expended considerable time, energy and resources
into training its other employees (“Co-Workers”). As a result, during her employment with the Company and for a period
of eighteen (18) months thereafter, Executive shall not, for any reason, directly or indirectly, for herself or on behalf of any
other person or entity, (A) induce or attempt to induce any Co-Worker to terminate employment with the Company, (B) interfere
with or disrupt the Company’s relationship with any of the Co-Workers, (C) solicit, entice, hire, cause to hire, or take
away any person employed by the Company at that time or during the eighteen (18) month period preceding Executive’s last
day of employment with the Company, or (D) assist any other person or entity in connection with any action described in any of
the foregoing clauses (A) through (C).

 

(d)
Non-competition. Executive further agrees with the Company to the following provisions, all of which Executive acknowledges
and agrees are necessary to protect the Company’s legitimate business interests. Executive covenants and agrees with the
Company that:

 

(i)
Unless otherwise agreed between the parties, Executive shall not, during her employment with the Company and for a period of eighteen
(18) months thereafter, either directly or indirectly, engage in, render service or other assistance to, or sell products or services,
or provide resources of any kind, whether as an owner, partner, shareholder, officer, director, employee, consultant or in any
other capacity, whether or not for consideration, to any person, corporation, or any entity, whatsoever, that owns, operates or
conducts a business that competes, in any way, with the Company Business (as defined at the start of this Agreement), other than
the ownership of 5% or less of the shares of a public company where Executive is not active in the day-to-day management of such
company. With respect to the post employment application of this Section 5(d)(i), the restrictions shall extend only to those
specific countries or provinces where the Company conducts business on the day that Executive’s employment with the Company
terminates.

 

(ii)
Executive shall not, during her employment with the Company and for a period of eighteen (18) months thereafter, either directly
or indirectly, (A) solicit, call on or contact any Customer of the Company with whom Executive has had material contact during
her employment with the Company for the purpose or with the effect of offering any products or services of any kind offered by
the Company at that time or during her employment with the Company, (B) request or advise any present or future vendors or suppliers
to the Company to cancel any contracts, or curtail their dealings, with the Company, or (C) assist any other person or entity
in connection with any action described in any of the foregoing clauses (A) through (B).

 

Executive:
_____

Company:
_____

 

    	4

    	 

    

  

(iii)
During her employment with the Company, Executive shall not own, or permit ownership by Executive’s spouse or any minor
children under the parental control of Executive, directly or indirectly, an amount in excess of five percent (5%) of the outstanding
shares of stock of a corporation, or five percent (5%) of any business venture of any kind, which operates or conducts a business
that competes, in any way, with the Company.

 

(e)
Non-disparagement. At any time during or after Executive’s employment with the Company, Executive shall not disparage
the Company or any shareholders, directors, officers, employees, or agents of the Company. During and after Executive’s
employment with the Company, neither the Company nor its directors or officers shall disparage Executive to third parties.

 

(f)
Understandings.

 

(i)
The provisions of this Section 5 shall be construed as an agreement independent of any other claim. The existence of any claim
or cause of action of Executive against the Company, whether predicated on Executive’s employment or otherwise, shall not
constitute a defense to the enforcement by the Company of the terms of Section 5 of this Agreement. Executive waives any right
to a jury trial in any litigation relating to or arising from this Section 5.

 

(ii)
Executive acknowledges and agrees that the covenants and agreements contained herein are necessary for the protection of the Company’s
legitimate business interests and are reasonable in scope and content. Executive agrees that the restrictions contained in this
Section 5 are reasonable and will not unduly restrict her in securing other employment or income in the event her employment with
the Company ends. Executive acknowledges and agrees that she executed this Agreement on or before her first day of employment
with the Company.

 

(g)
Injunctive Relief. Executive acknowledges and agrees that any breach by her of any of the covenants or agreements contained
in this Section 5 would give rise to irreparable injury and would not be adequately compensable in damages. Accordingly, Executive
agrees that the Company may seek and obtain injunctive relief against the breach or threatened breach of any of the provisions
of this Agreement in addition to any other legal or equitable remedies available.

 

Executive:
_____

Company:
_____

 

    	5

    	 

    

  

(h)
Reformation and Survival. The Company and Executive agree and stipulate that the agreements and covenants contained in
this Agreement and specifically of this Section 5 are fair and reasonable in light of all of the facts and circumstances of the
relationship between them. The Company and Executive agree and stipulate that Executive has hereby agreed to be bound to the obligations,
restrictions and covenants of this Section 5 as a condition to her employment and in consideration of her compensation, stock
option grant, restricted stock unit grant, severance terms, and all other terms and provisions of this Agreement. The Company
and Executive acknowledge their awareness, however, that in certain circumstances courts have refused to enforce certain agreements
not to compete. The Company and Executive agree that, if any term, clause, subpart, or provision of this Agreement is for any
reason adjudged by a Court of competent jurisdiction to be invalid, unreasonable, unenforceable or void, the same will be treated
as severable, and shall be modified to the extent necessary to be legally enforceable to the fullest extent permitted by applicable
law, and that such modification will not impair or invalidate any of the other provisions of this Agreement, all of which will
be performed in accordance with their respective terms. Thus, in furtherance of, and not in derogation of, the provisions of this
Section 5, the Company and Executive agree that in such event, this Section 5 shall be deemed to be modified or reformed to restrict
Executive’s conduct to the maximum extent (in terms of time, geography, and business scope) that the court shall determine
to be enforceable. The provisions of this Section 5 shall survive the termination of this Agreement and Executive’s resignation
or termination of employment, regardless of the reason and whether voluntary or involuntary.

 

6.
Termination.

 

(a)
Termination By The Company With Cause. The Company has the right, in its reasonable determination at any time during the
Term, to terminate Executive’s employment with the Company for Cause (as defined below) by giving written notice to Executive
as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause (i), (ii), (iii) or (iv) in
the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company,
specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned
clauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the
Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless
Executive has cured the condition giving rise to the Cause. The Company’s termination of Executive’s employment for
Cause under clause (v) or (vi) of the next-following paragraph shall be effective immediately upon the Company’s written
notice to Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to Executive
shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued
but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus
plan or program to the effective date of termination.

 

As
used in this Agreement, the term “Cause” shall mean and include (i) Executive’s abuse of alcohol
that materially affects Executive’s performance of Executive’s duties under this Agreement, or use of any controlled
substance; (ii) a willful act of fraud, dishonesty or breach of fiduciary duty on the part of Executive with respect to the business
or affairs of the Company; (iii) material failure by Executive to comply with applicable laws and regulations or professional
standards relating to the business of the Company; (iv) material failure by Executive to satisfactorily perform her duties hereunder,
a material breach by Executive of this Agreement, or Executive engaging in conduct that materially conflicts with the best interests
of the Company or that may materially harm the Company’s reputation; (v) Executive being subject to an inquiry or investigation
by a governmental authority or self-regulatory organization such that the existence of such inquiry or investigation is reasonably
likely to result in damage to the Company’s business interests, licenses, reputation or prospects; or (vi) Executive’s
being convicted of a felony or a misdemeanor involving moral turpitude.

 

Executive:
_____

Company:
_____

 

    	6

    	 

    

  

(b)
Termination By The Company Without Cause. The Company shall have the right, at any time during the Term, to terminate Executive’s
employment with the Company without Cause by giving written notice to Executive, which termination shall be effective thirty (30)
calendar days from the date of such written notice. The Company may provide thirty (30) days pay in lieu of notice. If the Company
terminates Executive’s employment without Cause, the Company’s obligation to Executive shall be limited solely to
(i) unpaid Base Salary plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination; (ii) if there is no unpaid bonus earned for
the year of termination, an amount equal to the product of 100% of Executive’s Base Salary multiplied by a fraction, the
numerator of which is the number of days he is employed by the Company during the year in which the termination occurs and the
denominator of which is 365 and, if the date of termination occurs prior to the date on which the annual bonus, if any, for the
immediately preceding year would otherwise be paid, an amount equal to the annual bonus that would have been paid to Executive
for such immediately preceding year, based on the actual achievement of applicable performance goals and without regard to whether
Executive is employed on the date the bonus otherwise would have been paid; (iii) severance in an amount equal to Executive’s
then-current Base Salary for a period of eighteen (18) months; and (iv) if Executive is eligible for and timely elects COBRA coverage
for health insurance coverage, payment of Executive’s COBRA premiums for the health insurance coverage for herself and her
eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly basis when the premiums are due,
and in the event of the death of Executive before the expiration of such eighteen (18)-month period, the Company shall, for the
remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents (including her spouse, if any)
who were receiving COBRA coverage at the time of her death. Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate applicable agreements entered into between Executive and
the Company; provided, however, any stock options awarded to Executive under this Agreement shall immediately vest upon
termination of Executive by the Company without Cause. As a condition to her receipt of the post-employment payments and benefits
under clauses (ii), (iii) and (iv) of the third sentence of this Section 6(b), Executive must be in compliance with Section 5
of this Agreement, and must execute, return, not rescind and comply with a general release of claims agreement in favor of the
Company and related entities and individuals, within the timeframe and in a form to be prescribed by the Company. The amount described
in clause (ii) of the third sentence of this paragraph shall be paid on the ninetieth (90th) calendar day after the date of Executive’s
termination of employment, and the severance described in clause (iii) of the third sentence of this paragraph shall be paid in
equal installments according to the normal payroll schedule, the first payment to Executive to be made on the next scheduled payroll
date that occurs on or after the ninetieth (90th) day after the date of Executive’s termination of employment, provided
that, in the case of amounts described in clauses (ii) and (iii) of the third sentence of this Section 6(b), the Company has received
the signed general release of claims agreement and Executive has not rescinded such agreement within the rescission period set
forth in such agreement. Executive shall have no duty to mitigate damages under this Section 6(b) during the applicable severance
period and, in the event Executive shall subsequently receive income from providing Executive’s services to any person or
entity, including self employment income, or otherwise, then no such income shall in any manner offset or otherwise reduce the
payment obligations of the Company hereunder.

 

Executive:
_____

Company:
_____

 

    	7

    	 

    

 

Notwithstanding
anything herein to the contrary, this Section 6(b) shall not apply if Executive’s employment is terminated by the Company
or a succeeding entity without Cause upon or within one year of a Change of Control at any time during the Term as described in
Section 7 hereof. In such case, Section 7 of this Agreement shall control.

 

(c)
Termination By Executive for Good Reason. Executive has the right, in her reasonable determination at any time during the
Term, to terminate her employment with the Company for Good Reason (as defined in this Section 6(c) below) by giving written notice
to the Company as described in this Section 6(c) below. Prior to the effectiveness of termination for Good Reason, within thirty
(30) calendar days following the existence of a condition constituting Good Reason, Executive shall provide written notice to
the Company specifically identifying the reason or reasons which are alleged to constitute Good Reason, and an opportunity to
cure within a period of not less than thirty (30) days; provided, however, that Executive shall have no obligation
to continue her employment with the Company following such thirty (30) calendar day notice period unless the Company cures the
event(s) giving rise to Executive’s Good Reason notice. As used in this Section 6(c), the term “Good Reason” shall mean (i) a material diminution in Executive’s authority, duties or responsibilities; (ii) requiring
Executive to move her place of employment more than 75 miles from her place of employment prior to such move; or (iii) a material
breach by the Company of this Agreement; provided that in any such case Executive has not consented thereto. In addition to the
foregoing requirements, in no event shall an Executive’s termination of her employment be considered for Good Reason unless
such termination occurs within two (2) years following the initial existence of one of the conditions specified in clauses (i),
(ii) and (iii) of the preceding sentence.

 

If
Executive terminates her employment for Good Reason, the Company’s obligation to Executive shall be limited solely to (i)
unpaid Base Salary plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination; (ii) if there is no unpaid bonus earned for
the year of termination, an amount equal to the product of 100% of Executive’s Base Salary multiplied by a fraction, the
numerator of which is the number of days he is employed by the Company during the year in which the termination occurs and the
denominator of which is 365 and, if the date of termination occurs prior to the date on which the annual bonus, if any, for the
immediately preceding year would otherwise be paid, an amount equal to the annual bonus that would have been paid to Executive
for such immediately preceding year, based on the actual achievement of applicable performance goals and without regard to whether
Executive is employed on the date the bonus otherwise would have been paid; (iii) severance in an amount equal to Executive’s
then-current Base Salary for a period of eighteen (18) months; and (iv) if Executive is eligible for and timely elects COBRA coverage
for health insurance coverage, payment of Executive’s COBRA premiums for the health insurance coverage for herself and her
eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly basis when the premiums are due,
and in the event of the death of Executive before the expiration of such eighteen (18)-month period, the Company shall, for the
remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents (including her spouse, if any)
who were receiving COBRA coverage at the time of her death. Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate applicable agreements entered into between Executive and
the Company. As a condition to her receipt of the post-employment payments and benefits under clauses (ii), (iii) and (iv) of
the first sentence of this Section 6(c), Executive must be in compliance with Section 5 of this Agreement, and must execute, return,
not rescind and comply with a general release of claims agreement in favor of the Company and related entities and individuals,
within the timeframe and in a form to be prescribed by the Company. The amount described in clause (ii) of the first sentence
of this paragraph shall be paid on the ninetieth (90th) calendar day after the date of Executive’s termination of employment,
and the severance described in clause (iii) of the first sentence of this paragraph shall be paid in equal installments according
to the normal payroll schedule, the first payment to Executive to be made on the next scheduled payroll date that occurs on or
after the ninetieth (90th) day after the date of Executive’s termination of employment, provided that, in the case of amounts
described in clauses (ii) and (iii) of the first sentence of this Section 6(c), the Company has received the signed general release
of claims agreement and Executive has not rescinded such agreement within the rescission period set forth in such agreement. Executive
shall have no duty to mitigate damages under this Section 6(c) during the applicable severance period and, in the event Executive
shall subsequently receive income from providing Executive’s services to any person or entity, including self employment
income, or otherwise, then no such income shall in any manner offset or otherwise reduce the payment obligations of the Company
hereunder.

 

Executive:
_____

Company:
_____

 

    	8

    	 

    

  

Notwithstanding
anything herein to the contrary, this Section 6(c) shall not apply if Executive terminates her employment with the Company or
a succeeding entity for Good Reason upon or within one year of a Change of Control at any time during the Term as described in
Section 7 hereof. In such case, Section 7 of this Agreement shall control.

 

Executive
has the right, at any time during the Term, to terminate her employment with the Company without Good Reason (as defined above)
by giving written notice to the Company, which termination shall be effective sixty (60) calendar days from the date of such written
notice. If Executive terminates her employment without Good Reason, the Company’s obligation to Executive shall be limited
solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid bonus
and benefits.

 

(d)
Termination Upon Disability. The Company shall have the right, at any time during the Term, to terminate Executive’s
employment if, during the term hereof, Executive becomes physically or mentally disabled, whether totally or partially, as evidenced
by the written statement of a competent physician licensed to practice medicine in the United States who is mutually acceptable
to the Company and Executive, so that Executive is unable to perform the essential functions of her job duties hereunder, with
or without reasonable accommodation, for (i) a period of three (3) consecutive months; or (ii) for shorter periods aggregating
ninety (90) calendar days during any twelve-month period. If the Company terminates Executive’s employment under this Section
6(d), the Company’s obligation to Executive shall be limited solely to the payment of unpaid Base Salary to the effective
date of termination, plus any accrued but unpaid benefits to the effective date of termination, any unpaid bonus earned in accordance
with the then applicable bonus plan or program to the effective date of termination and, if there is no unpaid, earned bonus for
the year in which the termination occurs, an amount equal to the product of 100% of Executive’s Base Salary multiplied by
a fraction, the numerator of which is the number of days he is employed by the Company during the year in which the termination
occurs and the denominator of which is 365.

 

Executive:
_____

Company:
_____

 

    	9

    	 

    

  

(e)
Termination upon Death. If Executive dies during the Term, this Agreement shall terminate, except that Executive’s
surviving spouse (or if there is no surviving spouse, her estate) shall be entitled to receive the Base Salary and other accrued
benefits earned up to the date of Executive’s death.

 

7.
Change of Control.

 

(a)
Anything in this Agreement to the contrary notwithstanding, if, upon or within one year of a Change of Control (as defined below)
occurring at any time during the Term, the Company or a succeeding entity terminates Executive without Cause (as defined above)
or Executive terminates her employment for Good Reason (as defined in Section 6(c) above), the Company or the succeeding entity’s
obligation to Executive shall be (i) unpaid Base Salary, bonus and benefits accrued up to the effective date of termination, (ii)
if there is no unpaid bonus earned for the year of termination, an amount equal to the product of 100% of Executive’s Base
Salary multiplied by a fraction, the numerator of which is the number of days he is employed by the Company during the year in
which the termination occurs and the denominator of which is 365 and, if the date of termination occurs prior to the date on which
the annual bonus, if any, for the immediately preceding year would otherwise be paid, an amount equal to the annual bonus that
would have been paid to Executive for such immediately preceding year, based on the actual achievement of applicable performance
goals and without regard to whether Executive is employed on the date the bonus otherwise would have been paid, (iii) a lump sum
payment equal to Executive’s then-current Base Salary for a period of thirty-six (36) months, and (iv) if Executive is eligible
for and timely elects COBRA coverage for health insurance coverage, payment of Executive’s COBRA premiums for health insurance
coverage for himself and her eligible dependents for a period of up to eighteen (18) months, payments to be made on a monthly
basis when the premiums are due, and in the event of the death of Executive before the expiration of such eighteen (18)-month
period, the Company shall, for the remainder of such period, continue to pay the COBRA premiums for the Executive’s dependents
(including her spouse, if any) who were receiving COBRA coverage at the time of her death. In the event of a without Cause Change
of Control termination or a without Good Reason Change of Control termination, each as described herein, the payments in this
Section 7(a) shall be in lieu of, and not in addition to, any severance pay or benefits set forth in Sections 6(b) or 6(c), whichever
may apply. Notwithstanding anything to the contrary contained herein or in any award agreement between Executive and the Company,
in the event of a Change of Control (as defined below), (i) all unvested stock awards held by Executive, including stock options
described in Section 3(b) and any other subsequent awards, shall become fully vested upon the Change of Control and, if applicable,
immediately exercisable; (ii) each such award, and each already vested award described in Section 3(b), which is a stock option
shall continue to be exercisable for the remainder of its term; and (iii) with respect to any award that is subject to the attainment
of performance objectives or specified performance criteria, such performance objectives and criteria shall be deemed satisfied
at the target level and any performance period shall be deemed to end as of the date of the Change of Control. As a condition
to her receipt of the post-employment payments and benefits under this Section 7(a), other than the vesting of awards described
in the preceding sentence, Executive must be in compliance with Section 5 of this Agreement, and must execute, return, not rescind
and comply with a release of claims agreement in favor of the Company, related entities and individuals and the succeeding entity,
within the timeframe and in a form to be prescribed by the Company or a succeeding entity. The severance amount described in clauses
(ii) and (iii) of the first sentence of this paragraph shall be paid in a lump sum on the ninetieth (90th) day after the date
of Executive’s termination of employment (but in any event not later than March 15 of the year following the year in which
Executive’s employment terminates), provided that the Company has received the signed general release of claims agreement
and Executive has not rescinded such agreement within the rescission period set forth in such agreement.

 

Executive:
_____

Company:
_____

 

    	10

    	 

    

  

(b)
Change of Control Defined. For purposes of this Agreement, a “Change of Control” shall mean the occurrence
of a “change in the ownership,” a “change in the effective control” or a “change in the ownership
of a substantial portion of the assets” of the Company during the Term, as determined in accordance with this Section 7(b).
In determining whether an event shall be considered a “change in the ownership,” a “change in the effective
control” or a “change in the ownership of a substantial portion of the assets” of the Company, the following
provisions shall apply:

 

(i)
A “change in the ownership” of the Company shall occur on the date on which any one person, or more than one person
acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes
more than 50% of the total fair market value or total voting power of the stock of the Company, as determined in accordance with
Treasury Regulation § 1.409A-3(i)(5)(v). If a person or group is considered either to own more than 50% of the total fair
market value or total voting power of the stock of the Company, or to have effective control of the Company within the meaning
of clause (ii) of this Section 7(b), and such person or group acquires additional stock of the Company, the acquisition of additional
stock by such person or group shall not be considered to cause a “change in the ownership” of the Company.

 

(ii)
A “change in the effective control” of the Company shall occur on either of the following dates:

 

(A)
The date on which any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 40%
or more of the total voting power of the stock of the Company, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vi).
If a person or group is considered to possess 40% or more of the total voting power of the stock of the Company, and such person
or group acquires additional stock of the Company, the acquisition of additional stock by such person or group shall not be considered
to cause a “change in the effective control” of the Company; or

 

Executive:
_____

Company:
_____

 

    	11

    	 

    

  

(B)
The date on which a majority of the members of the Board is replaced during any 12-month period by directors whose appointment
or election is not endorsed by a majority of the members of the Board before the date of the appointment or election, as determined
in accordance with Treasury Regulation § 1.409A-3(i)(5)(vi).

 

(iii)
A “change in the ownership of a substantial portion of the assets” of the Company shall occur on the date on which
any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the
date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value
equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately before such acquisition
or acquisitions, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vii). A transfer of assets shall not
be treated as a “change in the ownership of a substantial portion of the assets” when such transfer is made to an
entity that is controlled by the shareholders of the Company, as determined in accordance with Treasury Regulation § 1.409A-3(i)(5)(vii)(B).

 

In
all cases, the determination of whether a Change of Control has occurred shall be made in accordance with Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), and the regulations, notices and other guidance
of general applicability issued thereunder.

 

8.
Code Section 409A. Notwithstanding anything herein to the contrary, if any payments to be made, or benefits to be provided,
to Executive hereunder are subject to the requirements of Code Section 409A and the Company determines that Executive is a “specified
employee” as defined in Code Section 409A as of the date of the termination, then, to the extent such payments or benefits
do not satisfy the separation pay exemption described in Treasury Regulation § 1.409A-1(b)(9)(iii) or any other exemption
available under Section 409A of the Code (the “Non-Exempt Payments”), the amount of such Non-Exempt Payments shall
not be paid or commence earlier than the date that is six months after the termination. Any Non-Exempt Payment not made during
the six-month period shall be paid in a lump sum payment on the first day of the seventh month following termination. For purposes
of Code Section 409A, any reference to Executive’s termination of employment in this Agreement shall be deemed to be a reference
to Executive’s “separation from service” (within the meaning of Treasury Regulation § 1.409-1(h), applying
the default terms thereof), and any installment payments provided to Executive pursuant to this Agreement shall be treated as
a series of separate payments.

 

Executive:
_____

Company:
_____

 

    	12

    	 

    

  

9.
Successors; Assignment, Etc.; Third Party Beneficiaries.

 

(a)
Executive consents to and the Company shall have the right to assign this Agreement to its successors or assigns. All covenants
or agreements hereunder shall inure to the benefit of and be enforceable by or against its successors or assigns. The terms “successors”
and “assigns” shall include, but not be limited to, any succeeding entity upon a Change of Control.

 

(b)
Neither this Agreement nor any of the rights or obligations of Executive under this Agreement may be assigned or delegated except
as provided in the last sentence of this Section 9(b). This Agreement and all rights of Executive hereunder shall inure to the
benefit of and be enforceable by, and shall be binding upon, Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees, and legatees. If Executive should die while any amounts would still be payable to her
hereunder had she continued to live, then all such amounts (unless otherwise provided herein) shall be paid in accordance with
the terms of this Agreement to her surviving spouse, or if there is no surviving spouse, to Executive’s estate.

 

10.
Notice. For purposes of this Agreement, all notices and other communications provided for in this Agreement shall be in
writing and shall be deemed to have been duly given when delivered in person or when mailed by United States registered or certified
mail, return receipt requested, first-class postage prepaid, addressed as follows:

 

	If to Executive:	 	If to the Company:
	 	 	 
	Ms.
                                         Wanda Ferguson

        1140
        East County Road, 800 North

        North
Vernon, IN 47265
	 	WindStream
                                         Technologies, Inc.

        819
        Buckeye Street

        North
        Vernon, IN 47265

	 	 	 
	 	 	Attn: Corporate
    Secretary

 

or
to such other address as any party may have furnished to the other in writing in accordance with this Section 10, except that
notices of any change of address shall be effective only upon actual receipt.

 

11.
Indemnification. The Company shall indemnify the Executive, to the maximum extent permitted by applicable law and by its
certificate of incorporation, against all costs, charges and expenses incurred or sustained by the Executive in connection with
any action, suit or proceeding to which he may be made a party by reason of being an officer, director or employee of the Company
or of any subsidiary or affiliate of the Company or any other corporation for which the Executive serves [in good faith] as an
officer, director, or employee at the Company’s request. The Executive shall be entitled to the full protection of any insurance
policies, which the Company may elect to maintain generally for the benefit of its officers. The Executive agrees promptly to
notify the Company of any actual or threatened claim arising out of or as a result of the Executive’s employment with the Company.
The Company agrees to maintain Directors and Officers Liability Insurance for the benefit of Executive having coverage and policy
limits no less favorable to directors and officers than those in effect at the Effective Date.

 

Executive:
_____

Company:
_____

 

    	13

    	 

    

  

12. Miscellaneous.
No provision of this Agreement may be modified, waived, or discharged unless such waiver, modification, or discharge is
agreed to in writing signed by Executive and such officers as may be specifically designated by the Board. No waiver by
either party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of any similar or dissimilar condition or provision at the same or any other time. No agreements or
representations (whether oral or otherwise, express or implied) with respect to the subject matter of this Agreement have
been made by either party which are not set forth expressly in this Agreement or which are not specifically referred to in
this Agreement. If any term, clause, subpart, or provision of this Agreement is for any reason adjudged to be invalid,
unreasonable, unenforceable or void, the same will be treated as severable, shall be modified to the extent necessary to be
legally enforceable to the fullest extent permitted by applicable law, and will not impair or invalidate any of the other
provisions of this Agreement, all of which will be performed in accordance with their respective terms. The validity,
interpretation, construction, and performance of this Agreement shall be governed by the laws of the State of
Indiana.

 

13.
Validity. If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future
law or court decision, and if the rights or obligations of the Company and Executive will not be materially and adversely affected
thereby, (a) such provision shall be fully severable from this Agreement, (b) this Agreement shall be construed and enforced as
if such illegal, invalid, or unenforceable provision had never comprised a part hereof, (c) the remaining provisions of this Agreement
shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its
severance herefrom, and (d) in lieu of such illegal, invalid, or unenforceable provision, there shall be added automatically as
a part of this Agreement a legal, valid, and enforceable provision as similar to the terms and intent of such illegal, invalid,
or unenforceable provision as may be possible.

 

14.
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together shall constitute one and the same instrument.

 

15.
Litigation. The parties agree that the exclusive venue for any litigation commenced by the Company or Executive relating
to this Agreement shall be the state courts located in Jennings County, Indiana or the United States District Court, Southern
District of Indiana. The parties waive any rights to object to venue as set forth herein, including any argument of inconvenience
for any reason.

 

16.
Entire Agreement. This Agreement constitutes (i) the binding agreement between the parties and (ii) represents the entire
agreement between the parties and supersedes all prior agreements relating to the subject matter contained herein. All prior negotiations
concerning Executive’s employment with the Company have been merged into this Agreement and are reflected in the terms herein.

 

Executive:
_____

Company:
_____

 

    	14

    	 

    

 

IN
WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of The Effective Date.

 

	 	EXECUTIVE:
	 	 	 
	 	By:	 
	 	Name:	Wanda
    Ferguson
	 	 	 
	 	COMPANY:
	 	 	 
	 	WINDSTREAM
TECHNOLOGIES, INC.
	 	 	 
	 	By:	 
	 	Name:	Daniel
    Bates 
	 	Title:	Chief
    Executive Officer

 

Executive:
_____

Company:
_____

 

    	15

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