Document:

Exhibit 10.19

 

Personal Employment Agreement

 

This Personal Employment Agreement ("Agreement")
is entered into as of April 16th, 2015 by and between Enertec Elctronics Ltd., a company organized under the laws of the
State of Israel, whose principle place of business is located at 27 Hmetzuda street, Azur, Israel, (the "Company")
and Eyal Leibovitz, (the “Employee”).

 

		WHEREAS	the Company desires to engage the Employee in the position described in Exhibit A, and the
Employee represents that he has the requisite skill and knowledge to serve as such; and

		WHEREAS	the parties desire to set forth herein the terms and conditions of the Employee's engagement by
the Company, effective as of the date of this Agreement, as set forth below.

NOW
THEREFORE, in consideration of the mutual promises contained herein, and intending to be legally bound, the parties hereto
hereby declare and agree as follows: 

		1.	Appointment; the Position

		1.1.	The Company hereby appoints the Employee to act in the position described in Exhibit A.
The Employee shall report regularly to the officer of the Company set forth in Exhibit A with respect to Employee's activities
and shall be subject to the direction and control of such officer.

		1.2.	During the Term (as such term is defined below), Employee's employment shall be on a full time
basis, Employee shall devote Employee's entire business time and attention to the business of the Company and shall not undertake
or accept any other paid or unpaid employment or occupation except with the prior written consent of the management of the Company.

		1.3.	Employee shall perform Employee's duties diligently, in good faith and in furtherance of the Company's
best interests. Employee agrees and undertakes to inform the Company, immediately after Employee becomes aware of it, of any matter
that may in any way raise a conflict of interest between the Employee or any member of Employee's family and the Company. During
the Term, Employee shall not receive any payment, compensation or benefit from any third party in connection, directly or indirectly,
with the execution of Employee's position.

		1.4.	Employee shall perform Employee's duties hereunder at the Company's facilities in Israel, but understands
and agrees that Employee's position may involve travel abroad.
	 	 	 
	 	1.5	Notwithstanding anything to the contrary, Employee is entitled to serve as a director or as an
observer on up to 2 boards of directors of different companies other than the Company and to continue as part time lecturer in
the Management College (Michlala Leminhal) (App. 4 timed a year). The employee will do its upmost not to interfere with his obligations
to the Company as described above.

 

 

    

     

    

 

		2.	Employee's Representations and Warranties 

The Employee represents and warrants
that the execution and delivery of this Agreement and the fulfillment of its terms will not constitute a default under or conflict
with any agreement or undertaking that the Employee may be bound by. Further, with respect to any past engagement the Employee
may have had with third parties and with respect to any permitted engagement the Employee may have with any third party during
the term of the Employee's engagement with the Company (for purposes hereof, such third parties shall be referred to as "Other
Employers"), the Employee represents, warrants and undertakes that: (a) the Employee's engagement with the Company is
and will not be in breach of any of the Employee's undertakings toward Other Employers, and (b) the Employee will not disclose
to the Company, nor use, in provision of any services to the Company, any proprietary or confidential information belonging to
any Other Employers.

		3.	Term of Employment

		3.1.	The Employee has assumed, or shall assume, Employee's duties on the date set forth in Exhibit
A (the "Commencement Date"). This Agreement shall commence on the Commencement Date and shall continue until
it is terminated as hereafter provided. (The term of this Agreement shall be referred to herein as the “Term”).

		3.2.	Either party to this Agreement may terminate this Agreement and the employment relationship hereunder
at its own discretion at any time, by giving a prior written notice of 90 days to the other party.

		3.3.	Notwithstanding the aforesaid: (a) in the event of Cause (as defined hereafter) or in the event
of the Disability of Employee (as hereinafter defined), the Company shall be entitled to terminate this Agreement immediately and
this Agreement and the employment relationship shall be deemed effectively terminated as of the time of delivery of the Company's
notice to that extent. The term "Cause" as used herein shall mean: (a) a serious breach of trust including but
not limited to theft, any breach of the Employees obligations under Exhibit B; or (b) any willful failure to perform any
of Employee's fundamental functions or duties hereunder, which was not cured within 48 hours after receipt by the Employee of written
notice thereof. “Disability” shall mean any physical or mental illness or injury as a result of which Employee
remains absent from work for a period of six (6) successive months, or an aggregate of six (6) months in any twelve (12) month
period. Disability shall occur upon the end of such six-month period; (b) Employee's employment shall be deemed as immediately
terminated in case of his or her death.

		3.4.	During the period following notice of termination by either party, unless otherwise determined
by the Company in a written notice to Employee, the Employee shall continue to perform any and all of Employee's duties under this
Agreement and shall cooperate with the Company and use Employee's best efforts to assist the integration into the Company's organization
of the person or persons who will assume the Employee's responsibilities.

 

		4.	Proprietary Information; Confidentiality and Non-Competition

The Employee hereby agrees to
the provisions of the Company’s Proprietary Information, Confidentiality and Non-Competition Agreement attached in Exhibit
B hereto and simultaneously herewith executes a copy thereof.

 

    2 

     

    

		5.	Salary

		5.1.	Salary. The Company shall pay to the Employee as compensation for the employment services
an aggregate base salary in the gross amount set forth in Exhibit A (the “Salary”). Except as specifically
set forth herein and except all insurance and social benefits stated in section 6 hereunder, the Salary includes any and all payments
to which the Employee is entitled from the Company hereunder and under any applicable law, regulation or agreement. The Employee's
Salary and other terms of employment may be reviewed and updated by the Company's management, from time to time, at the Company's
discretion. The Salary is to be paid to the Employee in accordance with the Company's normal and reasonable payroll practices,
after deduction of applicable taxes and like payments.

		5.2.	The Employee hereby declares and explicitly agrees that employee's office is of managerial level
that requires special degree of trust, and therefore the provisions of the Hours of Work and Rest Law 5711-1951 ("the Hours
of Work and Rest Law") shall not apply to the Employee's employment.

		5.3.	Payment of the Salary shall be made no later than the 9th day of each calendar month after the
month for which the salary is being made.

 

		6.	Insurance and Social Benefits

		6.1.	Subject to the terms of the Extension Order for Comprehensive Pension Insurance in the Industry
pursuant to the Collective Agreements Law 5717-1957 (the "Extension Order") as may be amended from time to time,
the Company shall insure the Employee at the Employee's choice either at a pension fund or under an accepted Manager's Insurance
Scheme, either of which to be selected by the Employee (the "Insurance Scheme") .

 

		6.2.	With regard to Severance Pay Law (1963), notwithstanding any terms of the applicable extension
order, the terms of section 14 of said law will not apply, and the following terms shall apply:

		6.2.1	Upon termination of Employee’s employment in the Company by the Company (dismissal or retirement)
for any reason other than for Cause (as such term is defined in section 3.3 of the Agreement) the Company shall pay to the employee
the severance payment due to him under the Severance Pay Law (1963), by way of (i) automatically releasing and transferring to
Employee all rights and payments accrued in the Insurance Scheme (and filling and submitting all required forms in this regard);
and (ii) where the amounts so accrued are smaller than the amount of severance payments due to the Employee as aforesaid - paying
to the Employee the balance between such accumulated amounts and the severance fees due to Employee as aforesaid.

		6.2.2	Upon Employee’s resignation of his employment in the Company for any reason other than for
Cause the Company shall only automatically release and transfer to Employee all rights and payments accrued in the Insurance Scheme
(and will fill and submit all required forms in this regard).

    3 

     

    
 

		6.2.3	Notwithstanding anything above to the contrary, in any of the following events: (i) the event of
termination for Cause; (ii) termination in circumstances that deny the Employee from the right to receive severance payments under
applicable law; or (iii) in the event of resignation in circumstances where if not for Employee's resignation, the Company could
have dismissed the Employee for Cause – the Employee shall not be entitled to any severance pay, and the funds accumulated
in the Insurance Scheme towards severance pay will be returned to the Company.

		6.3	The Company and the Employee shall either open and maintain or use an existing (previously used
by the employee) Educational Fund (Keren Hishtalmut) at the discretion of the Employee. The terms of the Fund and the amounts to
be paid by the Company shall be as set forth in Exhibit A.

 

		6.4	The Company shall pay an amount of 2.5% of the Salary towards a fund for the event of loss of working
ability (Ovdan Kosher Avoda).

		6.5	The Employee will bear any and all taxes applicable to the Employee in connection
with any amounts paid by the Employee and/or the Company to the Insurance Scheme under this Section 6.

		7.	Additional Benefits

		7.1.	The Employee shall be entitled to be reimbursed for Employee's necessary and actual business expenses
in accordance with the Company’s policies, as the same shall change from time to time.

		7.2.	Employee shall be entitled to that number of vacation days per year set forth in Exhibit A.
The Company shall be entitled to direct use of no more than 5 of the vacation days, at its discretion. Vacation days may be carried
forward from one year to the next to the extent permitted by law. The Employee shall not receive payment in lieu of any unused
vacation days, except in the context of the termination of the Employee's employment with the Company.

		7.3.	The Employee's entitlement to sick leave shall be in accordance with applicable law (but the Employee
shall be entitled to 100% payment for sick leave from day 1) - against the presentation of appropriate medical records.

		7.4.	The Employee shall be entitled to Recreation Pay (Dmei Havra’a) pursuant to applicable extension
order.

		7.5.	Employee shall be entitled to additional benefits if and to the extent set forth in Exhibit
A.

 

		8.	Miscellaneous

		8.1.	The preamble to this Agreement constitutes an integral part hereof. Headings are included for reference
purposes only and are not to be used in interpreting this Agreement.

		8.2.	In case of contradiction between any of the Agreement’s provisions and the provisions of
Exhibits A or B, the provisions of the Exhibits shall govern.

    4 

     

    

 

		8.3.	The laws of the State of Israel shall apply to this Agreement and the sole and exclusive place
of jurisdiction in any matter arising out of or in connection with this Agreement shall be the Tel-Aviv Regional Labor Court.

		8.4.	The provisions of this Agreement are in lieu of the provisions of any collective bargaining agreement,
and therefore, no collective bargaining agreement shall apply with respect to the relationship between the parties hereto (subject
to the applicable provisions of law).

		8.5.	No failure, delay of forbearance of either party in exercising any power or right hereunder shall
in any way restrict or diminish such party's rights and powers under this Agreement, or operate as a waiver of any breach or nonperformance
by either party of any terms of conditions hereof.

		8.6.	In the event it shall be determined under any applicable law that a certain provision set forth
in this Agreement is invalid or unenforceable, such determination shall not affect the remaining provisions of this Agreement unless
the business purpose of this Agreement is substantially frustrated thereby.

		8.7.	This Agreement constitutes the entire understanding and agreement between the parties hereto, supersedes
any and all prior discussions, agreements and correspondence with regard to the subject matter hereof, and may not be amended,
modified or supplemented in any respect, except by a subsequent writing executed by both parties hereto.

		8.8.	The Employee acknowledges and confirms that all terms of Employee's employment are personal and
confidential, and undertakes to keep such terms in confidence and refrain from disclosing such terms to any third party.

 

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

 

	
        The Company: Enertec Electronics Ltd.
        

        ___________________________________

        By: David Lucatz – CEO

         
	
        Employee: Eyal Leibovitz

        ___________________________________

        Signature

    5 

     

    

Exhibit A 

To Personal Employment Agreement by an
between Enertec Electronics Ltd

and the Employee whose name is set forth
herein

 

	Name of Employee	Eyal Leibovitz
	ID Number of Employee	057081598
	Employee’s Personal Address	
        29 Feinshtein Street, Tel Aviv, 69123, Israel.

         

	Position in Company	Micronet Enertec Technologies Inc. - Senior Vice President – CFO
	Reporting to	CEO
	Commencement Date	 July 12th 2015
	Salary (NIS)	NIS 46,000 (forty six thousand NIS) 
	Bonus	
        Employee shall participate in the Company
        Management Bonus Scheme, or personal bonus scheme, targeted to be a minimum of four (4) salaries, as per the Company’s and
        Employee’s performance set out below. The first year bonus will be prorated with the Employee duration of employment during
        the first year.

        A minimum of two (2) salaries out of
        the four (4) salaries described above will be paid unconditionally on performance or otherwise, payable concurrently with the last
        payroll of each year (December payroll).

        Additional bonus of minimum of two (2)
        salaries will be paid based on MICT achieving any of the following milestones: (i) the closing of a merger or acquisition transaction
        by MICT of a significant target company or business (ii) the closing of and equity and/or debt fund raising pursuant to a private
        or public offering in an amount exceeding $2 Million (iii) MICT achieving an EBIDTA exceeding $2 million for the year 2015

	Vacation Days per Year	24 days of annual paid vacation. 
	leasing car	
        Employee shall be entitled to a company
        car in accordance with the Company's current car leasing policy. The car level can be any car up to and including group 5 (Mazda
        CX5 or equivalent).

        The Company will bear all of the fixed
        and variable maintenance costs, including licenses, insurance, gas, repairs, etc., excluding personal traffic summons and the like.
        The Employee shall bear all tax consequences arising out of the possession and use of the Company’s Car by him and shall
        not be entitled to any reimbursement therefore. The Car will be returned to the Company by the Employee upon the termination of
        his employment. The members of Employee’s immediate family shall be entitled to use the car; no other person, except any
        person authorized to do so by the Company, shall be entitled to use such car. The Employee acknowledges that he may be requested
        to execute additional documents in connection with the use of the company car and agrees to execute all such documents. The Employee
        undertakes to assume all car leasing penalty costs that the Company might incur in case the Employee terminates his employment
        with the Company prior to the end of the car leasing period, in accordance with the Company’s car practices

	Keren Hishtalmut	
        The Company and the Employee shall maintain
        an advanced study fund (Keren Hishtalmut According to law). The Company shall contribute to such Fund an amount equal to 7.5% of
        the Salary, and the Employee shall contribute to such fund an amount equal to 2.5% the Salary. Employee hereby instructs the Company
        to transfer to such fund the amount of the Employee's and the Company's contribution from each monthly salary payment. The funds
        in such Fund shall be released to the Employee upon termination of this Agreement.

        Employee is entitled to lower the amount to
        be attributed by the company and get the difference as additional payment to his gross payment.

	Grant of Options	
        Subject to the receipt of approval required
        by the compensation committee and/or the board of directors of Micronet Enertec Technologies Inc. ("MICT" or "Parent
        Company"), pursuant to the terms and conditions of the MICT in effect 2012 Incentive Share Option Plan (the "Plan"),
        Employee shall be granted options to purchase up to 130,000 shares of the common stock, $0.01 par value per share, at the exercise
        price of $4.3 per share, of Micronet Enertec Technologies Incwhich constitute to the date hereof 1.75% of the total outstanding
        share capital of the Parent Company on a fully diluted basis (the "Options"). As aforementioned, the grant of
        the Options and the exercise price thereof are subject to the final approval of MICT's Board of Directors (which will be granted
        prior to the Commencement Date), to the Plan and to a specific stock option agreement to be executed under the Plan.

        In the event that within 12 months of
        Commencement Date the price per share shall not exceed $4.3, MICT Board of Directors shall convene in order to approve the issuance
        of additional options to purchase up to 25,000 shares of the common stock, $0.01 par value per share at the exercise price of $4.3
        per share under the terms of the Plan.

        A pre condition for the effectiveness
        of this Agreement shall be the approval by the Employee and MICT (through its compensation committee and/or the board of directors
        of MICT) for adoption of the following terms related to the Options: Upon the completion of every 3months from the date of the
        commencement date, 3/36 of the options will become vested. Upon the completion of 36 months following the date of grant (the “Final
        Date”) or at such earlier date, as set below, all Options shall become vested,

        Notwithstanding anything to the
        contrary, all Options shall become automatically vested (including such that have otherwise not become vested) shall accelerate
        and shall automatically vest upon the earlier of any event such as an "exit", change of control, deemed liquidation event
        or any other similar transaction or event.

        For the avoidance of doubt it
        being clarified that in any event of contradiction between any of the terms set out hereunder and any other documents, such as
        the Plan, which are adversarial to Employee, then, the terms hereof shall prevail.

        The Employee shall be entitled
        to exercise the Options) until at least 10 years from the granting thereof.

         

	Company Phone	The employee will be entitle to a company paid mobile phone.  The employee will transfer his personal mobile phone number 052-2552222 to the ownership of the company and the company will transfer back the ownership of this number to the employee once the employee will cease to be an employee of the company.
	Additional Agreements	None. 
	 	 
	
        The Company:

        Enertec Electronics Ltd.

        

        ___________________________________

        By: David Lucatz – CEO

        ___________
	
        Employee:

        Eyal Leibovitz 

        

        _________________________________

        Signature

 

    6 

     

    

 

Exhibit B

to Personal Employment Agreement by an
between Eneretc Electronics Ltd.

and the Employee whose name is set forth
herein

 

	Name of Employee: 	Eyal Leibovitz
	ID No. of Employee: 	057081598

		1.	General

		1.1.	All the capitalized terms herein shall have the meanings ascribed to them in the Employment Agreement
to which this Exhibit is attached (the “Agreement”); however, the term "Company" herein includes the
parent company of the Company and any subsidiary thereof, as applicable. For purposes of any undertaking of the Employee toward
the Company, the term Company shall include all subsidiaries and affiliates of the Company.

		1.2.	The Employee's obligations and representations and the Company's rights under this Exhibit shall
apply as of the commencement of the employment relationship between the Company and the Employee, regardless of the date of execution
of the Agreement.

 

		2.	Confidentiality; Proprietary Information

		2.1.	Employee acknowledges and agrees that Employee will have access to confidential and proprietary
information (whether originated by the Company or received from third parties) concerning the business and financial activities
of the Company, including information relating to the Company's research and development, banking, investments, investors, properties,
employees, marketing plans, customers, suppliers, trade secrets, test results, processes, data, know-how, improvements, inventions,
techniques and products (actual or planned). Such information, whether documentary, written, oral or computer generated, shall
be referred to as "Proprietary Information".

		2.2.	Proprietary Information shall be deemed to include any and all proprietary information disclosed
by or on behalf of the Company and irrespective of form but excluding information that (i) was known to Employee prior to Employee's
association with the Company and can be so proven; (ii) is or shall become part of the public knowledge except as a result of the
breach of the Agreement or this Exhibit by the Employee; (iii) reflects general skills and experience gained during Employee's
engagement by the Company; or (iv) reflects information and data generally known in the industries or trades in which the Company
operates.

		2.3.	Employee agrees that all Proprietary Information, and patents, trademarks, copyrights and other
intellectual property and ownership rights in connection therewith shall be the sole property of the Company and its assigns. At
all times, both during Employee's engagement by the Company and after Employee's termination, Employee will keep in confidence
and trust all Proprietary Information, and the Employee will not use or disclose any Proprietary Information or anything relating
to it without the written consent of the Company, except as may be necessary in the ordinary course of performing Employee's duties
under the Agreement.

    7 

     

    
 

		2.4.	Upon termination of Employee's employment with the Company, Employee will promptly deliver to the
Company all documents and materials of any nature pertaining to Employee's work with the Company, and will not take with Employee
any documents or materials or copies thereof containing any Proprietary Information.

		2.5.	At all times, both during Employee's employment with the Company and thereafter, Employee will
keep in confidence and trust all information in connection with his employment terms with the Company, including, without limitation,
the Employee's salary, social and other benefits, terms regarding Options and any other related information (the "Employment
Terms"). Employee will not disclose or discuss any of the Employee's Employment Terms or anything relating to it, except with
the Employee's legal counsel, without the written consent of the Company.

		2.6.	Employee's undertakings set forth in this Section 2 shall remain in full force and effect after
termination of this Agreement or any renewal thereof until the Proprietary Information becomes part of the public knowledge except
as a result of the breach of the Agreement or this Exhibit by the Employee.

 

		3.	Disclosure and Assignment of Inventions

		3.1.	Employee understands that the Company is engaged in a continuous program of research, development,
and production and marketing in connection with its business.

		3.2.	From and after the date Employee first became employed with the Company, Employee undertakes and
covenants that Employee will promptly disclose in confidence to the Company all inventions, improvements, designs, concepts, techniques,
methods, systems, processes, know how, computer software programs, databases, mask works and trade secrets ("Inventions"),
whether or not patentable, copyrightable or protectable as trade secrets, that are made or conceived or first reduced to practice
or created by Employee, either alone or jointly with others, during the period of Employee's employment and in connection with
Employee's employment.

		3.3.	Employee agrees that all Inventions that (a) are developed using equipment, supplies, facilities
or trade secrets of the Company, (b) result from work performed by Employee for the Company, or (c) relate to the Company's business
or current or anticipated research and development, will be regarded as Service Invention in the meaning of the Israeli Patent
Law, 5727-1967 and will be the sole and exclusive property of the Company ("Company Inventions").

		3.4.	Employee hereby irrevocably transfers and assigns to the Company all worldwide patents, patent
applications, copyrights, mask works, trade secrets and other intellectual property rights in any Company Invention, and any and
all moral rights that Employee may have in or with respect to any Company Invention, and expressly waives any right to any consideration
of any kind with regard to the Company Inventions, the assignment of such and any use thereof, including without limitation any
royalty payment and/or other payment with respect thereto.

    8 

     

    

 

		3.5.	Employee agrees to assist the Company, at the Company's expense, in every proper way to obtain
for the Company and enforce patents, copyrights, mask work rights, and other legal protections for the Company's Inventions in
any and all countries. Employee will execute any documents that the Company may reasonably request for use in obtaining or enforcing
such patents, copyrights, mask work rights, trade secrets and other legal protections. Such obligation shall continue beyond the
termination of Employee's employment with the Company for a period of 2 years. Employee hereby irrevocably designates and appoints
the Company and its authorized officers and agents as Employee's agent and attorney in fact, coupled with an interest to act for
and on Employee's behalf and in Employee's stead to execute and file any document needed to apply for or prosecute any patent,
copyright, trademark, trade secret, any applications regarding same or any other right or protection relating to any Proprietary
Information (including Company Inventions), and to do all other lawfully permitted acts to further the prosecution and issuance
of patents, copyrights, trademarks, trade secrets or any other right or protection relating to any Proprietary Information (including
Company Inventions), with the same legal force and effect as if executed by the Employee himself.

 

		4.	Non-Competition

		4.1.	Both Company and Employee acknowledge Employee's right for freedom of occupation whilst protecting
the Company's legitimate interests. Therefore Employee agrees and undertakes that, so long as Employee is employed by the Company
and for a period of twelve (12) months following termination of Employee's employment for whatever reason, Employee will not, directly
or indirectly, as owner, partner, joint venturer, stockholder, employee, broker, agent, principal, trustee, corporate officer,
director, licensor or in any capacity whatsoever engage in, become financially interested in, be employed by, or otherwise render
services to, any business or venture that is engaged in any activities involving products, information, processes, technology or
equipment that are or could reasonably and imminently be competitive to those of the Company or any of its subsidiaries or affiliates;
provided, however, that Employee may own any securities of any corporation which is engaged in such business and is publicly owned
and traded but in an amount not to exceed at any one time one percent of any class of stock or securities of such company, and
so long as Employee has no role in the publicly owned and traded company as director, employee, consultant or otherwise. Employee
agrees and understand that his Salary (set forth in Exhibit A) includes adequate compensation for his undertakings in this Section
4.1 and is about 20% higher than it would have been should the Employee had not taken said undertakings.

		4.2.	Employee agrees and undertakes that during the period of Employee's employment and for a period
of twenty four (24) months following termination, Employee will not, directly or indirectly, including personally or in any business
in which Employee is an officer, director or shareholder, for any purpose or in any place, solicit for employment or employ any
person employed by the Company (or retained by the Company as a consultant, if such consultant is prevented thereby from continuing
to render its services to the Company) on the date of such termination or during the preceding twelve (12) months.

		4.3.	If any one or more of the terms contained in this Section 4 shall for any reason be held to be
excessively broad with regard to time, geographic scope or activity, the term shall be construed in a manner to enable it to be
enforced to the extent compatible with applicable Israeli law.

 

 

-----------------------------------------------------------------------------

Date:Name:Signature:

 

 

 

9Exhibit 10.1

 

EMPLOYMENT
AGREEMENT

 

This
Employment Agreement (“Agreement”), dated as of March 7, 2017 (the “Effective Date”),
is made by and between Ominto, Inc. (“Ominto”) and Raoul Quijada (“Executive”).
The Company and the Executive are referred to each individually as a “Party” and collectively as the
“Parties.”

 

RECITALS

 

WHEREAS,
the Executive wishes to be employed by the Company and desires to provide his services to the Company in such capacities, on and
subject to the terms and conditions hereof; and

 

WHEREAS,
the Company and its subsidiaries and affiliates provide global online cash back shopping and provide a personalized shopping platform,
which is used to deliver coupons, deals and cash back to shoppers each time they make online purchases (the “Business”);
and

 

WHEREAS,
the Company has developed and will develop relationships with Customers, Prospective Customers, Vendors, suppliers and shippers,
as well as a reputation in the Business, which are and will become of great importance and value to the Company, and the loss
of or injury to the Business will result in substantial and irreparable damage to the Company; and

 

WHEREAS,
in the course of Executive’s employment by the Company, Executive may receive, be taught or otherwise have access to
items and information associated with the Business such as sales, purchasing, documentation, marketing and trading techniques,
information and materials, customer and supplier lists or information, correspondence, records, financial information, pricing
information, computer systems, computer software applications, business plans and other information which is confidential and
proprietary; and

 

WHEREAS,
the Company has acquired and/or developed certain trade secrets and Confidential Information, as more fully described below,
and has expended significant time and expense in acquiring or developing its trade secret or Confidential Information; and

 

WHEREAS,
as a condition of engagement Executive agrees to comply fully with the terms of this Agreement and all policies and procedures
in effect for employee, including but not limited to, all terms and conditions set forth in the Company handbook, any restrictive
covenant policies and any other memoranda and communications applicable to Executive pertaining to Company’s policies and
procedures.

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein, and intending to be legally
bound hereby, the Company and the Executive do hereby agree as follows.

 

AGREEMENT

 

1.            Adoption
of Recitals. The Company and Executive hereto adopt the above recitals as being true and correct.

 

     

     

    

 

2.            Employment
Period.

 

(a)           Executive’s
employment with the Company shall commence on the Effective Date.

 

(b)           Executive’s
employment shall be at-will, meaning that there is no defined and specific term of employment and either Executive or the Company
can terminate this Agreement at any time with or without cause and with or without notice.

 

(c)           The
period commencing on the Effective Date and running through the applicable Termination Date shall be referred to as the “Employment
Period”.

 

3.             Position
and Duties.

 

(a)           The
Executive shall, during the Employment Period hereunder, serve as Chief Financial Officer (“CFO”) for
the Company and shall perform the executive and administrative duties, functions and privileges incumbent with the position of
CFO and such other duties as reasonably determined by the Chief Executive Officer (“CEO”), the Board
of Directors of the Company (the “Board”), or the Audit Committee of the Board (“Audit Committee”)
from time to time.

 

(b)           The
Executive agrees to serve the Company faithfully, conscientiously and to the best of his ability, and to devote all of his business
time to the business and affairs of the Company (and, if requested by the CEO, the Board, or the Audit Committe any subsidiary
or affiliate of the Company) so as to promote the profit, benefit and advantage of the Company and, if applicable, any subsidiaries
or affiliates of the Company. The Executive shall fulfill his duties of loyalty, fidelity and allegiance to act at all times in
the best interests of the Company and to do no act which would injure the business, interests or reputation of the Company. The
Executive’s employment is subject to compliance with all the Company’s policies, all as may be amended from time to
time.

 

(c)           During
the Employment Period, the Executive’s principal place of employment shall be at the Company’s principal place of
business in Boca Raton, Florida. The Executive acknowledges, however, that significant domestic and international travel may be
required as part of his duties hereunder; and the Executive agrees to undertake such travel as may be reasonably required by the
business of the Company from time to time.

 

4.            Compensation.

 

(a)           Base
Salary. During the Employment Period, the Company shall pay to the Executive an annual base salary (“Base
Salary”) of $220,000 payable by the Company and payable in accordance with the Company’s payroll schedules
throughout the term of such employment, subject to the provisions of Section 5 hereof (governing Terminations), and subject
to any applicable tax and payroll deductions; provided, however, that in the Company’s sole discretion, based on
factors such as the market and the Executive’s job performance, salary increases may be made. There, however, is never a
guarantee of an increase in Base Salary. Salary decreases may be made through a written modification of this Agreement executed
and signed by the Parties.

 

    	 	2	 

     

    

 

(b)           Annual
Bonus. In years when the Company is financially successful, at the sole discretion of the Board, the Company may award
the Executive a bonus (“Annual Bonus”) that reflects and rewards the contributions of the Executive
to the Company’s business and success.Any Annual Bonus is awarded at the option of the Company as directed by the Board
or the Board’s Compensation Committee. Annual Bonuses are not deemed earned and accrued until both of the
following events have occurred: the Company through the Board or the Board’s Compensation Committee awards the Annual Bonus
and the Company receives its audited annual financial statements for the prior fiscal year.

 

(c)           Equity
Incentives.

 

(i)       Stock Options. The Company shall grant to Executive the option to purchase up to 100,000 shares of the Company’s
common stock (the “Options”) under the Ominto, Inc. Amended and Restated 2010 Omnibus Equity Compensation
Plan, as may be amended from time to time (the “Omnibus Plan”).

 

(ii)       Scheduled
Vesting. Options for 33,333 shares of common stock shall vest on June 30, 2017 and the remaining Options for 66,667 shares
of common stock shall vest in twenty-four (24) equal monthly installments commencing on July 31, 2017. All Options shall be exercisable
at a price of $5.70, the market price of the Company’s common stock on March 7, 2017.

 

(iii)       Plan
Terms Control. The Options shall be granted pursuant to, and subject to the terms and conditions of, the Omnibus Plan.

 

(d)           Other
Benefits. During the Employment Period, the Executive shall be entitled to participate in such employee benefit plans,
programs or arrangements (collectively the “Plans”), implemented by the Company and available to executive
officers of the Company. The Company shall have the right, from time to time and in its sole discretion, to modify and amend the
benefits provided to its executive officers, including the Executive, consistent with the provisions herein.

 

(e)           Fringe
benefits.

 

(i)       Business
Expenses. Subject to approval by the Company, during the Employment Period, the Company shall pay for directly or reimburse
the Executive for all reasonable, customary and necessary business-related expenses incurred by the Executive in connection with
the duties of the Executive hereunder, upon submission by the Executive to the Company of such written evidence of such expense
as the Company may require in accordance with Company policies. Any disputes as to the eligibility of an expense for reimbursement
shall be resolved in the sole discretion of the Board.

 

(ii)       Paid
Time Off. During the Employment Period, the Company agrees that the Executive shall earn twenty (20) business days of
Paid Time Off (“PTO”) per calendar year for use as the Executive sees fit, provided that such PTO intended
for use as vacation time shall be taken at times mutually agreeable to the Executive and Company and otherwise pursuant to applicable
workplace policies governing the use of PTO. If at the end of the calendar year, the Executive has accrued PTO that he did not
use, the Executive shall be permitted to carry forward up to forty (40) hours of unused PTO. The Executive shall further be entitled
to paid federal holidays and authorized leaves (paid and unpaid) in accordance with the policies of the Company then in effect
for its senior executives. At all times, irrespective of the reason for the use, the Executive’s use of PTO shall be consistent
with the applicable workplace policies.

 

    	 	3	 

     

    

 

(iii)       Nothing
paid to the Executive under any Company “employee benefit plan,” as such term is defined in Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) (including, but not limited to, employee
benefit plans, such as foreign plans, which are not subject to the provisions of ERISA), or fringe benefit arrangements shall
be deemed to be in lieu of Base Salary payable to the Executive hereunder.

 

(f)           Recovery
of Incentive Compensation. Notwithstanding anything herein to the contrary, the Executive agrees that incentive
compensation payable to the Executive under this Agreement or otherwise shall be subject to any clawback policy adopted or implemented
by the Company in respect to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as may be amended, and such
regulations as are promulgated thereunder from time to time, or in respect to any other applicable law, regulation or Company
policy.

 

5.            Termination.

 

(a)           Termination
for Cause. Notwithstanding the Employment Period, the Company may terminate the Executive for Cause, by giving written
Notice of Termination to Executive. The Date of Termination shall be specified in the Notice of Termination. For purposes hereof,
“Cause” shall mean: (i) the Executive’s failure to materially perform and discharge the duties
and responsibilities of the Executive under this Agreement after receiving written notice and allowing the Executive thirty (30)
days to cure such failures, if so curable, (provided, however, that after one such notice has been given to the Executive during
the Employment Period, the Company is no longer required to provide time to cure subsequent failures under this Subsection 5(a)(i));
(ii) any breach by the Executive of the provisions of Sections 6, 8 and/or 9 hereof; (iii) misconduct which,
in the opinion and sole discretion of the Company, is injurious to the Company; (iv) felony conviction involving the personal
dishonesty or moral turpitude of the Executive; (v) engagement in illegal drug use or alcohol abuse which prevents the Executive
from performing his duties in any manner; (vi) any misappropriation, embezzlement or conversion of the Company’s or any
of its parent’s, subsidiary’s or affiliate’s property by the Executive; (vii) willful misconduct or breach of
fiduciary duty by the Executive in respect of the duties or obligations of the Executive under this Agreement; (viii) the Executive’s
failure to materially perform and discharge the duties and responsibilities of the Executive with respect to goals or objectives
periodically provided to the Executive by the Company after receiving written notice and allowing the Executive thirty (30) days
to cure such failures, if so curable, (provided, however, that after one such notice has been given to the Executive during the
Employment Period, the Company is no longer required to provide time to cure subsequent failures under this Subsection 5(a)(viii));
(ix) the Executive’s inability to perform the essential functions of his job, with or without reasonable accommodation,
for an aggregate period in excess of ninety (90) days during the previous twelve (12) months, due to a physical or mental illness,
disability or condition; or (x) the Executive’s death..

 

    	 	4	 

     

    

 

(b)           Termination
by the Company without Cause. The Company may terminate this Agreement at any time by providing a Notice of Termination.
The Date of Termination shall be specified in the Notice of Termination.

 

(c)           Termination
by the Executive. The Executive may terminate this Agreement by delivering a Notice of Termination to the Company.
The Date of Termination shall not be less than sixty (60) days after delivery of the Notice of Termination.

 

(d)           Obligations
Upon Termination.

 

(i)       Termination
for Cause. In the event that the employment of the Executive is terminated pursuant to Subsection 5(a), no Compensation
(as set forth in Section 4 above), no severance, no pro-rated bonuses or other post-termination payment shall be due or
payable by the Company to the Executive (except solely such Base Salary or other payments as may have been accrued but not yet
paid prior to such termination). Any outstanding stock option or other stock awards held by Executive as of the Date of Termination
shall be subject to the terms of the applicable award agreements.

 

(ii)       Termination
by the Company Without Cause. In the event that the Company terminates this Agreement pursuant to Subsection 5(b),
the Company shall, notwithstanding such termination, in consideration for all of the undertakings and covenants of the Executive
contained herein, continue to pay to the Executive the Base Salary in effect as of the Date of Termination for a period of three
(3) months from the Date of Termination, provided that such termination constitutes a separation from service within the meaning
of Section 409A of the Internal Revenue Code of 1986 (the “Code”). In no event, however, shall the continuation
of such payments during such post-termination period be deemed to be employment hereunder for purposes of calculating any bonus
due to the Executive or for purposes of determining the vesting or exercise period of any stock options granted hereunder, or
otherwise. Except as set forth in this Subsection 5(d)(ii), the Executive further shall not be provided benefits from the
Company, as set forth in Subsections 4(c) and (d), once the Date of Termination has been reached, other than those
benefits that have accrued prior to the Date of Termination. The payments shall be paid in normal payroll schedules with applicable
withholdings made from the payment, provided that, Executive executes the Release described below in Subsection 5(e).

 

(iii)       Termination
by Executive. In the event that the employment of the Executive is terminated pursuant to Subsection 5(c), no Compensation
(as set forth in Section 4 above), no severance, no pro-rated bonuses or other post-termination payment shall be due or
payable by the Company to the Executive (except solely such Base Salary or other payments as may have been accrued but not yet
paid prior to such termination).

 

(e)           Release
Required for Severance Payments. No post-employment payments by the Company relating to termination of employment under
the provisions of Section 5(d)(ii) shall commence until Executive executes and delivers a mutually agreeable release reflecting
the provisions of this Agreement and waiving any and all claims against the Company other than the obligations set forth in such
release or in a final severance agreement and any applicable revocation period with respect to such release has expired. With
respect to any payment of Base Salary that would otherwise be due prior to March 15 of the year following the year in which the
Date of Termination occurs, such payment shall be forfeited if such release is not delivered by March 15 of the year following
the year in which the Date of Termination occurs. With respect to any payment of Base Salary that would otherwise be due on or
after March 15 of the year following the year in which the Date of Termination occurs, such payment shall be forfeited if such
release is not delivered within ninety (90) days after the date on which such payment is due.

 

    	 	5	 

     

    

 

(f)           Compliance
with Section 409A. The Parties to this Agreement intend that the Agreement complies with Section 409A of the Code, where
applicable, and this Agreement shall be interpreted in a manner consistent with that intention. A termination of employment shall
not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits
upon or following a termination of employment unless such termination qualifies as a “separation from service” within
the meaning of Section 409A of the Code and, for purposes of any such provision of this Agreement, references to a “termination,”
“termination of employment” or like terms shall mean “separation from service.” Notwithstanding any other
provisions of this Agreement to the contrary, and solely to the extent necessary for compliance with Section 409A of the Code
and not otherwise eligible for exclusion from the requirements of Section 409A, if as of the date of the Executive’s separation
from service from the Company, (i) the Executive is deemed to be a “specified employee” (within the meaning of Section
409A of the Code and the applicable regulations), and (ii) the Company or any member of a controlled group including the Company
is publicly traded on an established securities market or otherwise, no payment or other distribution required to be made to the
Executive hereunder (including any payment of cash, any transfer of property and any provision of taxable benefits) solely as
a result of the Executive’s separation from service shall be made earlier than the first day of the seventh month following
the date on which the Executive separates from service with the Company. Each payment of Base Salary pursuant to Subsection
5(d)(ii) shall be considered a separate payment for purposes of Section 409A of the Code.

 

(g)           Notice
of Termination. A “Notice of Termination” to effectuate a termination under Section 5
shall be made in accordance with the Notice provision defined in Section 7. For purposes of this Agreement, a Notice of
Termination shall mean a notice, in writing, which shall indicate the specific termination provision of this Agreement relied
upon as the basis for the Termination and the Date of Termination. The Date of Termination shall not be earlier than the date
such Notice of Termination is delivered (as defined above); provided however, that the Company, at its option, may elect
to have the Executive not report to work after the date of the written notice.

 

(h)           Date
of Termination. “Date of Termination” means the date on which this Agreement shall terminate
in accordance with the provisions of this Section 5.

 

(i)           Other
Obligations. Upon any termination of Executive’s employment with the Company, Executive shall automatically be deemed
to have resigned from any and all other positions he then holds as an officer, director or fiduciary of the Company and any other
entity that is part of the same consolidated group as the Company or in which capacity Executive serves at the direction of or
as a result of his position with the Company; and Executive shall, within ten (10) days of such termination, take all actions
as may be necessary under applicable law or requested by the Company to effect any such resignations.

 

    	 	6	 

     

    

 

(j)           Clawback.
All awards, amounts, or benefits received or outstanding under this Agreement shall be subject to clawback, cancellation, recoupment,
rescission, payback, reduction or other similar action in accordance with the terms of any applicable law related to such actions,
as may be in effect from time to time. The Company may take such actions as may be necessary to effectuate any provision of applicable
law relating to clawback, cancellation, recoupment, rescission, payback, or reduction of compensation, whether adopted before
or after the Effective Date, without further consideration or action.

 

6.            Restrictive
Covenants.

 

(a)           Definitions.

 

(i)       The
term “Company” for purposes of Section 6 of this Agreement shall mean Ominto, Inc., and its affiliated
and related entities.

 

(ii)       The
term “Confidential Information” shall include, but not be limited to, (i) customers, prospective customers,
suppliers, licensors, and distributors lists; specific information on customers, prospective customers, suppliers, licensors,
and distributors (including information on purchasing preferences, credit information, and pricing); terms and conditions under
which the Company deals with licensors, distributors and suppliers or prospective licensors, distributors or suppliers; employee
and independent contractor lists; the Company’s sources of supply; the Company’s billing rates; pricing lists (including
item and customer specific pricing information); names of agents; operations; contractual or personnel data; trade secrets; license
agreements; proprietary purchasing and sales methods and techniques; proprietary compositions, ideas and improvements; pricing
methods and strategies; computer programs, computer systems, computer data, system documentation, special hardware, product hardware,
related software development and computer software design and/or improvements; methods of distribution; market feasibility studies;
proposed or existing marketing techniques or plans; sales and sales volumes; purchasing, transportation, documentation, marketing
and trading techniques of customers, prospective customers, suppliers, licensors, and distributors; inventions (including Inventions
as defined below; future the Company business plans; project files; design systems; information on current and potential suppliers,
distributors and licensors, including, but not limited to, their identity, pricing, and purchasing information not generally known;
personal information about the Company’s executives, officers and directors; correspondence, and letters, notes, notebooks,
reports, flowcharts, proposals, processes and/or any and all other confidential or proprietary information belonging to the Company
or relating to the Company’s business and/or affairs; and (ii) any information that is of value or significance to the Company
that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable
by proper means by, other persons who can obtain economic value from its disclosure or use, including information not generally
known to the competitors of the Company nor intended by the Company for general dissemination. Confidential Information shall
not include any (a) information known generally to the public (other than as a result of unauthorized disclosure by the Executive),
(b) information that became available from a third party source and such source is not bound by a confidentiality agreement, or
(c) any information not otherwise considered by the Board to be Confidential Information.

 

    	 	7	 

     

    

 

(iii)       The
term “Customer” shall mean any person or entity which has purchased products or services from the Company
and/or entered into any contract for products or services with the Company within the one (1) year immediately preceding the termination
of Executive’s employment with the Company for whatever reason.

 

(iv)       The
phrase “directly or indirectly” shall include the Executive either on his own account, or as a partner,
owner, promoter, joint venturer, employee, agent, consultant, advisor, manager, executive, independent contractor, officer, director,
stockholder, or otherwise of an entity.

 

(v)       The
term “Prospective Customer” shall mean any person or entity which has expressed interest in purchasing
products or services from the Company or expressed interest in entering into any contract for products or services with the Company
within the one (1) year immediately preceding the termination of Executive’s employment with the Company for whatever reason.

 

(vi)       The
term “Restricted Period” shall mean the Employment Period and the twenty-four (24) months immediately
following termination of the Executive’s employment with the Company for whatever reason.

 

(vii)       The
term “Restricted Area” shall include any geographical location anywhere in the world where the Executive
has been assigned to perform services on behalf of the Company during the Employment Period and where the Company, its affiliates
or subsidiaries either (a) are engaged in business, or (b) have evidenced an intention to engage in business.

 

(viii)       The
term “Restricted Business” shall mean any business that competes with the business of the Company, as
such business now exists, or as it may exist at the time of the termination of the Executive’s employment with the Company
for whatever reason, including any entity in the business of providing global online cash back shopping and providing a personalized
shopping platform.

 

(ix)       The
term “Vendor” shall mean any supplier, person or entity from which the Company has purchased products
or services during the one (1) year immediately preceding the termination of Executive’s employment with the Company, for
whatever reason.

 

(b)           Non-Competition.
During the Restricted Period, in the Restricted Area, the Executive shall not, directly or indirectly, engage in, promote, finance,
own, operate, develop, sell or manage or assist in or carry on in any Restricted Business, provided, however, that the
Executive may at any time own securities of any competitor corporation whose securities are publicly traded on a recognized exchange
so long as the aggregate holdings of the Executive in any one such corporation shall constitute not more than 5% of the voting
stock of such corporation.

 

    	 	8	 

     

    

 

(c)           Non-Solicitation
of Employees or Independent Contractors. During the Restricted Period, the Executive shall not, directly or indirectly,
solicit or attempt to induce any employee of the Company or independent contractor engaged and/or utilized by the Company in any
capacity to terminate his employment with, or engagement by, the Company. Likewise, during the Restricted Period, the Executive
shall not, directly or indirectly, hire or attempt to hire for another entity or person any employee of the Company or independent
contractor engaged and/or utilized by the Company in any capacity.

 

(d)           Non-Solicitation
of Customers, Prospective Customers, or Vendors. During the Restricted Period, the Executive shall not, directly or indirectly,
distribute or provide products or services of the type sold or distributed by the Company to any Customer, Prospective Customer,
or Vendor of the Company through any entity other than the Company. The Executive acknowledges and agrees that the Company has
substantial relationships with its Customers, Prospective Customers, and Vendors, which the Company expends significant time and
resources in acquiring and maintaining, and that the Company has Confidential Information pertaining to its business and its Customers,
Prospective Customers, and Vendors that the Company’s Confidential Information and relationships with its Customers, Prospective
Customers, and Vendors constitute significant and valuable assets of the Company.

 

(e)           Non-Disclosure
of Confidential Information. During and after employment under this Agreement, including but not limited to the Restricted
Period, the Executive shall not, directly or indirectly, without the prior written consent of the Board, or a person duly authorized
thereby, other than a person to whom disclosure is reasonably necessary or appropriate in connection with the performance by the
Executive of the duties of the Executive as an employee of the Company, disclose or use for the benefit of himself or any other
person, corporation, partnership, joint venture, association, or other business organization, any of the trade secrets or Confidential
Information of the Company. Executive recognizes that the Company has received and in the future will receive from third parties
their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of
such information and to use it only for certain limited purposes. At all times during and after Executive’s employment with
Ominto, Executive shall hold in strictest confidence, and shall not use, except in connection with the performance of Executive’s
duties, and shall not disclose to any person or entity, such third party confidential or proprietary information, and shall not
use it except as necessary in performing Executive’s duties, consistent with the Company’s Agreement with such third
party. If the Executive is legally required to disclose any Confidential Information or trade secrets, the Executive will notify
the Company prior to doing so by providing the Company with written notice ten (10) business days in advance of the intended or
compelled disclosure. (If disclosure is required sooner than ten (10) days, the Executive must provide the Company with Notice
immediately upon learning that disclosure is sought and before disclosure is required or compelled.) Notice shall
be provided as defined in Section 7 below.

 

    	 	9	 

     

    

 

(f)           Notice
of Immunity under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016 (“DTSA”).
Notwithstanding any other provision of this Agreement, the Executive shall not be held criminally or civilly liable under any
federal or state trade secret law for any disclosure of a trade secret that:

 

(i)       is
made: (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and
(2) solely for the purpose of reporting or investigating a suspected violation of law; or

 

(ii)       is
made in a complaint or other document that is filed under seal in a lawsuit or other proceeding.

 

Notwithstanding
any other provision of this Agreement, if the Executive files a lawsuit for retaliation by the Company for reporting a suspected
violation of law, the Executive may disclose Company’s trade secrets to the Executive’s attorney and use the trade
secret information in the court proceeding if the Executive:

 

		(i)	files
                                         any document containing the trade secret under seal; and

 

		(ii)	does
                                         not disclose the trade secret, except pursuant to court order.

 

(g)           Need
for Restrictions. The Executive acknowledges and agrees that each of the restrictive covenants contained in this Section
6 is reasonable and necessary to protect the legitimate business interests of the Company, including, without limitation,
the need to protect the Company’s trade secrets and Confidential Information and the need to protect its relationships with
its customers, prospective customers, suppliers, licensors, distributors and agents. The Executive also acknowledges and agrees,
as set forth in Subsection 6(i) below, that the Company may obtain a temporary, preliminary and/or permanent injunction
to restrain any violations of, or otherwise enforce, the restrictive covenants contained in Section 6. The Executive also
acknowledges and agrees that, if his future employment’s job duties would inevitably cause him/her to disclose Confidential
Information or trade secrets of the Company, the Company may seek to protect its legitimate business interests by enjoining him/her
from working in that future position.

 

(h)           Proprietary
Rights.

 

(i)       Ownership.
The Company shall own all right, title and interest in and to all documentation, manuals, materials, creative works, methods,
techniques, compositions, ideas, recipes, creations, improvements, inventions, computer programs and data, system documentation,
special hardware, product hardware, related software development, correspondence, letters, notes, notebooks, reports, flowcharts,
proposals, know-how and other information, in any medium whatsoever (including, without limitation, any Confidential Information,
trade secrets and all software, software code, processes, copyrights, patents, technologies and inventions (collectively, “Inventions”),
including, without limitation, new contributions, improvements, ideas and discoveries, whether patentable or not, conceived, developed,
invented or made by the Executive during his employment by the Company (including his employment with the Company prior to the
date hereof), provided that such Inventions grew out of the Executive’s work with the Company, are related in any manner
to the Business, as such term is defined in the Recitals, or are conceived or made on the Company’s time or with the use
of the Company’s facilities or materials). The Executive acknowledges and agrees that any of his work product created, produced
or conceived in connection with his association with the Company shall be deemed work for hire and shall be deemed owned exclusively
by the Company.

 

    	 	10	 

     

    

 

(ii)Executive’s
Obligations.The Executive shall (i) promptly disclose such Inventions to the Company; (ii) assign to the Company,
without additional compensation, all patent and other rights to such Inventions for the United States and foreign countries; (iii)
execute and deliver all documents required by the Company to document or perfect the Company’s proprietary rights in and
to the Company’s work product; and (iv) give testimony in support of his inventorship. The Executive shall deliver all Confidential
Information, trade secrets and/or Inventions to the Company upon the Company’s request, and, in any event, immediately upon
termination of the Executive’s employment by the Company.

 

(iii)       Executive’s
Restrictions. The Executive acknowledges that the Confidential Information, trade secrets and/or Inventions constitute
valuable trade secrets of the Company. The Executive shall not infringe or violate any trade secret or other proprietary right
of the Company related to the Confidential Information, trade secrets and/or Inventions, and shall not own, apply for or otherwise
attempt to obtain, on behalf of the Executive or others, any proprietary right in any Confidential Information, trade secrets
and/or Inventions, which the Company owns or has a right to own, in which the Company has an interest and/or to which the Company
has title.

 

(i)           Breach
of Restrictive Covenants. In the event of a breach or threatened breach by the Executive of any restrictive covenant set
forth in Section 6, the Executive agrees that such a breach or threatened breach would cause irreparable injury to the
Company, and that, if the Company shall bring legal proceedings against the Executive to enforce any restrictive covenant, the
Company shall be entitled to seek all available civil remedies, at law or in equity, including, without limitation, an injunction
without posting a bond, damages, attorneys’ fees, and costs.

 

(j)           Successors
and Assigns. The Company and its successors and assigns may enforce these restrictive covenants.

 

(k)           Construction,
Survival. If the period of time, area, or scope of restriction specified in this Section 6 should be adjudged unreasonable
in any proceeding, then the period of time, area, or scope shall be reduced so that the restrictions may be enforced as is adjudged
to be reasonable. If the Executive violates any of the restrictions contained in this Section 6, the Restricted Period
shall be tolled during the time that the Executive is in violation. All the provisions of this Section 6 shall survive
the term of this Agreement and the Executive’s employment with the Company.

 

7.            Notice.
For the purpose of this Agreement, notices and all other communications to either Party hereunder provided for in the Agreement
shall be in writing and shall be deemed to have been duly given when: (a) delivered in person, mailed by certified mail, return
receipt requested or recognized overnight delivery service; and (b) transmitted via electronic mail.

 

    	 	11	 

     

    

 

	If
    to the Company:	Ominto,
    Inc.
	 	1515
    S. Federal Highway, Suite 308
	 	Boca
    Raton, FL 33432
	 	Telephone:
    (561) 362-2381
	 	Attention:
    Mitch Hill
	 	E-mail:mhill@ominto.com
	 	 
	With
    a copy to (that shall not constitute notice):	K&L
    Gates LLP
	 	Southeast
    Financial Center – 39th Floor
	 	200
    South Biscayne Blvd.
	 	Miami,
    FL 33131-2399
	 	Telephone:  305.539.3300
	 	Attention:  Clayton
    Parker, Esq.
	 	E-mail:
    clayton.parker@klgates.com
	 	 
	If
    to the Executive:	Raul
    Quijada
	 	9065
    Carrington Avenue
	 	Parkland,
    FL 33076
	 	Telephone:
    754 707 1350
	 	E-mail:
    Raoul_Quijada@bellsouth.net
	 	 

 

or
to such other address as either party shall designate by giving written notice of such change to the other party.

 

8.            Return
of the Company’s Property. All of the Company’s and its subsidiaries’ and affiliates’ products;
correspondence; internal memoranda; designs; sales brochures; training manuals; project files; price lists; customer and vendor
lists; prospectus reports; customer, licensor, distributor, supplier or vendor information; sales literature; territory printouts;
call books; notebooks; textbooks; e-mails; and internet access; and all other like information or products, including all copies,
duplications, replications and derivatives of such information or products, acquired by the Executive while in the employ of the
Company, whether prepared by the Executive or coming into the Executive’s possession, shall be the exclusive property of
the Company and shall be returned immediately to the Company upon the expiration or termination of this Agreement for any reason
or upon request by the Board. The Executive also shall return immediately return any Company issued property including, but not
limited to, laptops, computers, thumb drives, removable media devices, flash drives, smartphones, cellular phones, iPads and other
devices upon the expiration or termination of this Agreement for any reason or upon request by the Board. The Executive’s
obligations under this Section 8 shall exist whether or not any of these items or materials contain Confidential Information
or trade secrets. The Parties hereto shall comply with all applicable laws and regulations regarding retention of and access to
this Agreement and all books, documents and records in connection therewith. The Executive shall provide the Company with a signed
certificate evidencing that all such property has been returned, and that no such property or Confidential Information or trade
secret has been retained by the Executive in any form. If the Company has a good faith basis for suspecting that Executive has
retained documents, property or information in violation of this provision, if requested, the Executive is obligated to provide
the Company and/or its agent with access to the Executive’s laptop(s), external drive(s), computer(s), flash drive(s) and/or
removable media to ensure all property of the Company or its subsidiaries and affiliates has been returned, and Executive is not
retaining copies of the documents or property without the Company permission.

 

    	 	12	 

     

    

 

9.            Prior
Agreements. The Executive represents to the Company (1) that there are no restrictions, agreements, or understandings
whatsoever to which the Executive is a party which would prevent or make unlawful the Executive’s execution of this Agreement
or employment hereunder, (2) that the Executive’s execution of this Agreement and employment hereunder shall not constitute
a breach of any contract, agreement or understanding, oral or written, to which the Executive is a party or by which the Executive
is bound, and (3) that the Executive is free and able to execute this Agreement and to enter into employment by the Company. The
Executive further represents and agrees that he will not bring with him/her, disclose or otherwise use any confidential, proprietary
or trade secret information acquired from any prior employer, whether that information was created by the Executive or others.
A written or oral notice or complaint that Executive breached this provision or violated a restrictive covenant or an agreement
not to disclose Confidential Information shall subject the Executive, at the Company’s sole discretion, to immediate termination
with Cause. The Executive also agrees to fully indemnify the Company for any and all damages, costs and/or attorney’s fees
incurred by the Company that arise from any claims that were related to the Executive’s alleged or actual breach of a restrictive
covenant or an agreement not to disclose Confidential Information.

 

10.          Further
Assurances. Each of the Parties hereto shall execute and deliver any and all additional papers, documents and other assurances,
and shall do any and all acts and things reasonably necessary in connection with the performance of their obligations hereunder
and to carry out the intent of the Parties hereto.

 

11.          Right
to Review and Seek Counsel. The Executive acknowledges that he has had the opportunity to seek independent counsel and
tax advice in connection with the execution of this Agreement, and the Executive represents and warrants to the Company (a) that
he has sought such independent counsel and advice as he has deemed appropriate in connection with the execution hereof and the
transactions contemplated hereby, and (b) that he has not relied on any representation of the Company as to tax matters, or as
to the consequences of the execution hereof.

 

12.          Waiver/Amendments.
The waiver by the Company of a breach or threatened breach of this Agreement by the Executive shall not be construed as a waiver
of any subsequent breach by the Executive. No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is approved by the Board and agreed to in writing signed by Executive and such officer as may be specifically
authorized by the Board.

 

13.          Entire
Agreement. This Agreement contains the entire understanding of the Parties and no agreements or representations, oral
or otherwise, express or implied, with respect to the subject matter hereof have been made by either Party, which are not set
forth expressly in this Agreement. This Agreement supersedes all negotiations, preliminary agreements, and all prior and contemporaneous
discussions and understandings of the Parties and/or their affiliates. The Executive acknowledges that he has not relied on any
prior or contemporaneous discussions or understandings in entering into this Agreement.

 

    	 	13	 

     

    

 

14.          Neutral
Construction. No Party may rely on any drafts of this Agreement in any interpretation of the Agreement. Each Party to
this Agreement has reviewed this Agreement and has participated in its drafting and, accordingly, no Party shall attempt to invoke
the normal rule of construction to the effect that ambiguities are to be resolved against the drafting Party in any interpretation
of this Agreement.

 

15.          Governing
Law. This Agreement shall be governed and construed in accordance with the laws of the State of Florida without regard
to conflicts of law.

 

16.          Headings
and Captions. The titles and captions of paragraphs, sections, subparagraphs and subsections contained in this Agreement
are provided for convenience of reference only, and shall not be considered terms or conditions of this Agreement.

 

17.          Validity.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

 

18.          Survival.
The provisions of this Agreement shall not survive the termination of the Executive’s employment hereunder, except that
the provisions of (i) Section 5 hereto relating to post-termination payment obligations; (ii) Section 6 hereto relating
to the restrictive covenants; (iii) Section 8 hereto relating to return of the Company’s property; and (iv) Section
21 relating to jurisdiction, venue and waiver of personal service shall remain binding upon the Parties.

 

19.          Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns,
and the Executive agrees that this Agreement may be assigned by the Company without Executive’s consent. This Agreement
is not assignable by the Executive.

 

20.          Counterparts.
This Agreement may be executed in one or more separate counterparts, each of which, when so executed, shall be deemed to be an
original. Such counterparts shall, together, constitute and shall be one and the same instrument. This Agreement, and the counterparts
thereto, may be executed by the Parties using their respective signatures transmitted via facsimile machines or via electronic
mail.

 

21.          Consent
to Personal Jurisdiction and Venue; Waiver of Service of Process; Jury Waiver. The Executive hereby consents to personal
jurisdiction and exclusive venue in the United States District Court for the Southern District of Florida, if such Court can exercise
jurisdiction over the matter for any action brought by the Company or the Executive arising out of or in connection with this
Agreement or the Executive’s employment with the Company. In the event the foregoing Court lacks jurisdiction, the Executive
consents to personal jurisdiction and exclusive venue in the Circuit Court in and for Palm Beach County, Florida. For purposes
of this Section 21, the term “Executive” includes any business entity owned or controlled by the Executive.
Each Party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof to such party at the address for such Notices (under Section 7) to he/it under
this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY
HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, TRIAL BY JURY
IN ANY SUIT, ACTION OR PROCEEDING ARISING HEREUNDER.

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement on March 30, 2017.

 

	Ominto, Inc.	 	 	Raoul
    Quijada
	 	 	 	 	 
	By:	/s/ Michael
    Hansen	 	By:	/s/
    Raoul Quijada
	 	 	 	 	 
	Name:	Michael
    Hansen	 	 	 
	 	 	 	 	 
	Title:	CEO	 	 	 

 

 

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]