Document:

Exhibit
10.1

 

EMPLOYMENT
AGREEMENT

 

BY
AND BETWEEN

 

VISLINK
TECHNOLOGIES, INC.

AND

MICHAEL BOND

 

This
Employment Agreement (the “Agreement”) is entered into as of February 27, 2020 (the “Effective Date”),
by and between Vislink Technologies, Inc., a Delaware corporation (the “Company”), and Michael Bond (the “Executive”).

 

WHEREAS,
the Company desires to employ the Executive as the Company’s Chief Financial Officer on the terms and conditions set forth
in this Agreement; and

 

WHEREAS,
the Executive is willing to accept such employment on the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein, and for other valuable consideration, the Company
and the Executive hereby agree as follows:

 

1.
Certain Definitions. Capitalized
terms shall have the meanings set forth on Exhibit A attached hereto. 

 

2.
Term of Employment. This
Agreement shall become effective as of the Effective Date and the Executive’s employment with the Company shall commence
as of April 1, 2020 and this Agreement shall remain in effect until Executive’s employment with the Company is terminated
pursuant to Section 6 hereof (the “Term of Employment”).

 

3.
Executive’s Duties and Obligations.

 

A.
Duties. The Executive shall serve as the Company’s Chief Financial Officer (“CFO”). The Executive shall
be responsible for all powers and duties customarily associated with that office or position in a publicly-traded company. The
Executive shall report directly to the Company’s Chief Executive Officer and shall be subject to reasonable policies established
by the Board.

 

B.
Location of Employment. The Executive’s principal place of business shall be at the Company’s office in Hackettstown,
New Jersey. In addition, the Executive acknowledges and agrees that the performance by the Executive of the Executive’s
duties shall require frequent travel from time to time.

 

C.
Confidentiality, Non-Solicitation and Non-Competition Agreement. In consideration of the covenants contained herein, the
Executive shall execute concurrently with the execution of this Agreement, and agrees to be bound by, the Confidentiality, Non-Solicitation
and Non-Competition Agreement (the “Confidentiality Agreement”) attached to this Agreement as Exhibit B and incorporated
into this Agreement by reference. The Executive shall comply at all times with the covenants (including, without limitation, covenants
not to compete and not to solicit employees and independent contractors) and other terms and conditions of the Confidentiality
Agreement and all other reasonable policies of the Company governing the confidential and assignment of the Company’s proprietary
information. The Executive’s obligations under the Confidentiality Agreement shall survive the Term of Employment.

 

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D.
No Conflicting Obligations. The Executive represents and warrants to the Company that the Executive is under no obligations
or commitments, whether contractual or otherwise, including any obligations with respect to proprietary or confidential information
of any prior employer or other person or entity, that are inconsistent with the Executive’s obligations under this Agreement
or that would prohibit the Executive, contractually or otherwise, from performing the Executive’s duties as under this Agreement.

 

4.
Devotion of Time to the Company’s Business.

 

A.
Full-Time Efforts. During the Term of Employment, the Executive shall devote substantially all of his business time, attention
and effort to the affairs of the Company, excluding any periods of disability, vacation, or sick leave to which Executive is entitled,
and shall use his reasonable best efforts to perform the duties properly assigned to him hereunder and to promote the interests
of the Company.

 

B.
Other Activities. Executive may serve on corporate, civic or charitable boards or committees with the prior approval of
the Board, deliver lectures, fulfill speaking engagements and may manage personal investments that do not give rise to a conflict
of interest through the Executive’s investment in direct competitors of the Company; provided that such activities do not
individually or in the aggregate significantly interfere with the performance of his duties under this Agreement. The Executive’s
passive investment in securities of a publicly-held company will not be considered to give rise to a conflict of interest if the
Executive owns not more than 5% of the outstanding securities of such publicly-held company.

 

5.
Compensation and Benefits.

 

A.
Base Salary. The Company shall pay to the Executive in accordance with its normal payroll practices (but not less frequently
than monthly) an annual salary at a rate of not less than $250,000 per annum (“Base Salary”). The Executive’s
Base Salary shall be reviewed at least annually for the purposes of determining increases, if any, based on the Executive’s
performance, the performance of the Company, the then prevailing salary scales for comparable positions, inflation and other relevant
factors. Effective as of the date of any increase in the Executive’s Base Salary, Base Salary as so increased shall be considered
the new Base Salary for all purposes of this Agreement. The Company may not reduce the Executive’s Base Salary (after taking
into account any increase in Base Salary) without the Executive’s consent unless the Company reduces the annual base salary
of all members of the Company’s senior management team on a substantially equivalent basis.

 

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B.
Cash Bonuses. The Company shall pay the Executive an annual cash bonus (“Annual Bonus”) in accordance with
the terms hereof and the terms of any annual cash bonus incentive plan maintained for the Company’s key executive officers,
as amended from time to time (the “Cash Bonus Plan”) during the Term of Employment. Except as provided in Section
7 herein, the Executive will not be eligible to receive an Annual Bonus for a Fiscal Year unless the Executive remains in continuous
employment with the Company through the date on which such Annual Bonus is paid. During the first quarter or each Fiscal Year,
the Compensation Committee, in consultation with the Executive, shall establish threshold and target performance goals for such
Fiscal Year in accordance with the terms of Cash Bonus Plan. If the target performance goals for a Fiscal Year are attained, the
Annual Bonus for such Fiscal Year shall be not less than 50% of the Executive’s Base Salary, it being understood that the
parties may agree to such other metrics if the maximum performance goals for a Fiscal Year are attained, which in no event shall
exceed 100% of the Executive’s Base Salary. At the conclusion of the Fiscal Year the Compensation Committee will review
performance relative to the performance goals and if the Compensation Committee determines that the Executive has earned an Annual
Bonus for a Fiscal Year, the Company will pay the Annual Bonus to the Executive on or before the next regularly scheduled payroll
payment date following the release of the Company’s annual earnings report for such Fiscal Year but in no event later than
the 15th day of the third calendar month following the end of such Fiscal Year.

 

C.
Equity Awards.

 

	 	(i)	Initial
    Inducement Stock Options Awards. Subject to the approval of the Board, the Executive will receive an award of stock options
    to purchase one percent of the outstanding Company common stock on a fully diluted basis as of April 1, 2020 (“Inducement
    Options”). The per share exercise price of the Inducement Options will be the closing price for the Company’s
    common stock on April 1, 2020. 25% of the Inducement Options will vest and become exercisable on April 1, 2021 and the remaining
    75% of the Inducement Options will vest in substantially equal monthly installments over the thirty-six (36) month period
    following April 1, 2021; provided that the Executive remains in continuous employment with the Company through the respective
    vesting date.
	 	 	 
	 	 	The
    Inducement Options will be issued as a non-plan employment inducement Award in accordance with NASDAQ Listing Rule 5635(c)(4).
    The Inducement Options will have a 10 year term and will become fully vested and exercisable if, during the 13 month period
    commencing on a Change in Control of the Company, the Company terminates the Executive’s employment without Cause or
    the Executive terminates his employment for Good Reason. The Inducement Options will be subject to such additional terms and
    conditions that are not inconsistent with the foregoing as set forth in a written award agreement between the Company and
    the Executive.
	 	 	 
	 	(ii)	Additional
    Equity Awards. In addition to the Inducement Options granted pursuant to Section 5.C(i) hereof, the Compensation Committee
    may grant additional Equity Awards to the Executive at such times and subject to such terms and conditions are the Compensation
    Committee may decide in its sole discretion. 

 

D.
Benefits. During the Term of Employment, the Executive shall be entitled to participate in all fringe benefit and employee
benefit plans, programs and arrangements made available generally to members of the Company’s senior management team or
to other full-time employees on substantially the same basis that such benefits are provided to other members of the senior management
team; provided, however, that during the Term of Employment, the Executive shall not be eligible to participate in any generally
available severance benefit plan, program or arrangement sponsored or maintained by the Company. Nothing in this Section 5.D of
the Agreement shall be construed to require the Company to establish or maintain any such fringe or employee benefit plans, programs
or arrangements.

 

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E.
Vacations. During the Term of Employment, the Executive shall be entitled to paid time off (PTO) in accordance with the
Company’s standard PTO policy.

 

F.
Reimbursement of Expenses. During the Term of Employment, the Executive shall be entitled to receive prompt reimbursement
for all reasonable business- or employment-related expenses incurred by the Executive upon the receipt by the Company of reasonable
documentation in accordance with standard practices, policies and procedures applicable to other senior executives of the Company.

 

6.
Termination of Employment. The
Term of Employment shall be terminated upon the first to occur of the following:

 

A.
Death. The Executive’s employment shall terminate immediately upon the Executive’s death.

 

B.
Disability. If the Executive is Disabled, either party may terminate the Executive’s employment due to such Disability
upon delivery of written notice to the other party. The effective date of such termination of employment will be the Date of Termination
set forth in such written notice or immediately upon delivery of such written notice if no effective date is specified in the
written notice. For avoidance of doubt, if the Executive’s employment is terminated pursuant to this Section 6.B, his employment
will not constitute a termination of employment by the Company without Cause or by the Executive for Good Reason.

 

C.
Termination by the Executive Without Good Reason. The Executive may terminate his employment for any reason other than
Good Reason upon his delivery of written notice to the Company at least thirty (30) days prior to his Date of Termination.

 

D.
Termination by the Executive for Good Reason. The Executive may terminate his employment for Good Reason if (i) not later
than sixty (60) days after the occurrence of any act or omission that constitutes Good Reason, the Executive provides the Company
with a written notice setting forth in reasonable detail the acts or omissions that constitute Good Reason, (ii) the Company fails
to correct or cure the acts or omissions within thirty (30) days after it receives such written notice, and (iii) Executive terminates
his employment with the Company during the sixty (60) day period commencing upon the expiration of such cure period.

 

E.
Termination by the Company Without Cause. The Company may terminate the Executive’s employment without Cause upon
written notice to the Executive.

 

F.
Termination by the Company for Cause. Upon the occurrence of any act or omission that constitutes Cause, the Company may
terminate the Executive’s employment upon written notice to the Executive.

 

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7.
Compensation and Benefits Payable Upon of
Termination of Employment.

 

A.
Payment of Accrued But Unpaid Compensation and Benefits. Upon the Executive’s termination of employment for any reason,
the Executive (or his estate following the Executive’s death) shall receive (i) a lump sum payment on the Date of Termination
in an amount equal to the sum of the Executive’s earned but unpaid Base Salary through his Date of Termination plus his
accrued but unused vacation days at the Executive’s Base Salary in effect as of his Date of Termination; plus (ii) any other
benefits or rights the Executive has accrued or earned through his Date of Termination in accordance with the terms of the applicable
fringe or employee benefit plans and programs of the Company. Except as provided in Section 7.B or C below or as expressly provided
pursuant to the terms of any employee benefit plan, the Executive will not be entitled to earn or accrue any additional compensation
or benefits for any period following his Date of Termination.

 

B.
Termination of Employment Due to Death or Disability. In addition to the compensation and benefits payable under Section
7.A above, if the Executive’s employment is terminated due to his death or Disability, the Executive (or his estate following
the Executive’s death) will receive the Annual Bonus, if any, that Executive earned (based on actual performance) for the
Fiscal Year ended prior to his Date of Termination to the extent not previously paid, which shall be payable to the Executive
at the same time such annual bonuses for such Fiscal Year are paid to other members of the senior management team pursuant to
the terms of the Cash Bonus Plan.

 

C.
Termination of Employment by the Company without Cause or by the Executive for Good Reason. In addition to the compensation
and benefits payable under Section 7.A above, if (x) the Executive’s employment is terminated by the Company without Cause
or by the Executive for Good Reason and (y) the Executive returns an executed Release to the Company, which becomes final, binding
and irrevocable within sixty (60) days following the Executive’s Date of Termination in accordance with Section 8, the Executive
(or his estate following the Executive’s death) shall receive:

 

	 	(i)	The
    Company will pay the Executive the Annual Bonus, if any, that Executive earned (based on actual performance) for the Fiscal
    Year ended prior to his Date of Termination payable at the same time such annual bonuses for such Fiscal Year are paid to
    other members of the senior management team pursuant to the terms of the Cash Bonus Plan;
	 	 	 
	 	(ii)	the
    Company will pay the Executive the Annual Bonus, if any, that Executive would have earned (based on actual performance) for
    the Fiscal Year that includes the Date of Termination pro-rated to reflect services performed for the portion of the Fiscal
    Year that precedes the Date of Termination payable at the same time annual bonuses for such Fiscal Year are paid to other
    members of the senior management team pursuant to the terms of the Cash Bonus Plan; 
	 	 	 
	 	(iii)	the
    Company will pay the Executive severance pay in the form of Base Salary continuation (determined without regard to any reduction
    in Base Salary that constitutes Good Reason) in accordance with the Company’s payroll practices for a period of twelve
    (12) months following the Executive’s Date of Termination; provided, however, that if such Termination of Employment
    occurs during the thirteen (13) months following a Change in Control the Executive will receive the sum of the Base Salary
    (determined without regard to any reduction in Base Salary that constitutes Good Reason) and target Bonus payable in equal
    installments over twelve (12) months following the Executive’s Date of Termination in accordance with the Company’s
    standard payroll practices.

 

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	 	(iv)	if
    the Executive timely elects to receive continuation coverage under the Company’s group health, dental and/or vision
    plans for himself, his spouse and/or his eligible dependents pursuant to COBRA, the Company will reimburse the Executive for
    the COBRA premiums, if any, paid by the Executive for such continuation coverage for the Executive, his spouse and dependents
    under the Company’s group health, dental and vision plans for twelve (12) months or until such COBRA continuation coverage
    otherwise expires.

 

Notwithstanding
the foregoing, no payment that is otherwise required to be paid to the Executive pursuant to this Section 7.C before the Release
becomes final, binding and irrevocable, shall be paid to the Executive until his Release becomes final, binding and irrevocable.
Any payments that are suspended pursuant to the preceding sentence will be paid to the Executive no later than the next payroll
payment date following the date on which the Release becomes final, binding and irrevocable but in no event later than the 15th
day of the third month following the end of the Fiscal Year that includes the Date of Termination. In addition, if the Executive
materially breaches this Agreement or the Executive’s Confidential Agreement, then the Company’s continuing obligations
under this Section 7.C shall cease as of the date of the breach and the Executive shall be entitled to no further payments hereunder.

 

8.
Release.
As a condition of receiving the compensation and benefits described in Section 7.C, Executive must execute a general waiver and
release of any and all claims arising out of Executive’s employment with the Company or Executive’s separation from
such employment (including, without limitation, claims relating to age, disability, sex, sexual orientation or race discrimination
to the extent permitted by law), excepting (i) claims based on breach of the Company’s obligations to pay the compensation
and benefits payable pursuant to Section 7 of this Employment Agreement, (ii) claims arising under the Age Discrimination in Employment
Act after the date Executive signs such release, and (iii) any right to indemnification by the Company or to coverage under directors
and officers liability insurance to which Executive is otherwise entitled in accordance with this Agreement and the Company’s
articles of incorporation or by laws or other agreement between Executive and the Company (the “Release”). Such Release
shall be in a form tendered to the Executive by the Company within five (5) business days following the termination of the Executive’s
employment by the Company without Cause or by the Executive for Good Reason, which shall comply with any applicable legislation
or judicial requirements, including, but not limited to, the Older Workers Benefit Protection Act. The compensation and benefits
described in Section 7,C will not be paid to the Executive if the Executive does not timely sign the Release, the Executive revokes
the Release or the Release does not become final, binding and irrevocable prior to the end of the sixty (60) day period commencing
on the Date of Termination.

 

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9.
Mitigation of Damages.
The Executive will not be required to mitigate damages or the amount of any payment or benefit provided pursuant to Section 7
of this Agreement by seeking other employment or otherwise. The amount of any payment or benefit provided for under this Agreement
will not be reduced by any compensation or benefits earned by the Executive as the result of self-employment or employment by
another employer or otherwise.

 

10.
Resignation from Other Offices and Positions. Upon the Executive’s Termination of Employment for any reason,
the Executive shall be deemed to have automatically resigned as an officer, manager, member and director of the Company and all
of its subsidiaries and the Executive shall execute and deliver to the Company documentation evidencing such resignations; provided,
however, that the failure to execute and deliver such documentation shall not affect such deemed resignations. The resignations
effected by this Section 10 shall not constitute a resignation for Good Reason hereunder.

 

11.
Excess Parachute Excise Tax.
Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment, award, benefit
or distribution (including any acceleration) by the Company or any entity which effectuates a transaction described in Section
280G(b)(2)(A)(i) of the Code to or for the benefit of the Executive (whether pursuant to the terms of this Agreement or otherwise,
but determined before application of any reductions required pursuant to this Section 11) (a “Payment”) would be subject
to the excise tax imposed by Section 4999 of the Code or any interest or penalties are incurred with respect to such excise tax
by the Executive (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as
the “Excise Tax”), the Company will automatically reduce such Payments to the extent, but only to the extent, necessary
so that no portion of the remaining Payments will be subject to the Excise Tax, unless the amount of such Payments that the Executive
would retain after payment of the Excise Tax and all applicable Federal, state and local income taxes without such reduction would
exceed the amount of such Payments that the Executive would retain after payment of all applicable Federal, state and local taxes
after applying such reduction. Unless otherwise elected by the Executive, to the extent permitted under Code Section 409A, such
reduction shall first be applied to any severance payments payable to the Executive under this Agreement, then to the accelerated
vesting on any Equity Awards, starting with stock options and stock appreciation rights reversing accelerated vesting of those
options and stock appreciation rights with the smallest spread between fair market value and exercise price first and after reversing
the accelerated vesting of all stock options and stock appreciation rights, thereafter reversing accelerated vesting of restricted
stock, restricted stock units and performance shares, performance units or other similar Equity Awards on a pro rata basis.

 

All
determinations required to be made under this Section 11, including the assumptions to be utilized in arriving at such determination,
shall be made by the Company’s independent auditors or such other certified public accounting firm of national standing
reasonably acceptable to the Executive as may be designated by the Company (the “Accounting Firm”) which shall provide
detailed supporting calculations both to the Company and the Executive within 15 business days of the receipt of notice from the
Executive that there has been a Payment, or such earlier time as is requested by either the Company or the Executive. All fees
and expenses of the Accounting Firm shall be borne solely by the Company. If the Accounting Firm determines that no Excise Tax
is payable by the Executive, it shall furnish the Executive with a written opinion to such effect. Any determination by the Accounting
Firm shall be binding upon the Company and the Executive.

 

12.
Withholding.
The Company shall be entitled to withhold from payments due hereunder any required federal, state or local withholding or other
taxes.

 

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13.
Recoupment. Any
incentive-based compensation received by the Executive including Annual Bonus and Equity Awards, whether pursuant to this Agreement
or otherwise, that is granted, earned or vested based in any part on attainment of a financial reporting measure, shall be subject
to the terms and conditions of the Company’s Claw Back Compensation Policy, if any (the “Recoupment Policy”),
and any other policy of recoupment of compensation as shall be adopted from time to time by the Board or its Compensation Committee
as it deems necessary or appropriate to comply with the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act, Section 304 of the Sarbanes-Oxley Act of 2002, and any implementing rules and regulations of the U.S. Securities
and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the
foregoing. The terms and conditions of the Recoupment Policy, including any changes to the Recoupment Policy adopted from time
to time by the Company, are hereby incorporated by reference into this Agreement. 

 

14.
Miscellaneous.

 

A.
Governing Law. This Agreement shall be interpreted, construed, governed and enforced according to the laws of the State
of New Jersey without regard to the application of choice of law rules.

 

B.
Entire Agreement. This Agreement, together with the Exhibits attached hereto, contains the entire agreement between the
parties with respect to the subject matter hereof and supersedes any and all other prior agreements, promises, understandings
and representations regarding the Executive’s employment, compensation, severance or other payments contingent upon the
Executive’s termination of employment, whether written or otherwise.

 

C.
Amendments. No amendment or modification of the terms or conditions of this Agreement shall be valid unless in writing
and signed by the parties hereto.

 

D.
Severability. If one or more provisions of this Agreement are held to be invalid or unenforceable under applicable law,
such provisions shall be construed, if possible, so as to be enforceable under applicable law, or such provisions shall be excluded
from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable
in accordance with its terms.

 

E.
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the beneficiaries, heirs and representatives
of the Executive and the successors and assigns of the Company. The Company shall require any successor (whether direct or indirect,
by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) to all or substantially
all of its assets, by agreement in form and substance satisfactory to the Executive, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to perform this Agreement if no such
succession had taken place. Regardless whether such agreement is executed, this Agreement shall be binding upon any successor
of the Company in accordance with the operation of law and such successor shall be deemed the Company for purposes of this Agreement.

 

F.
Successors and Assigns; Nonalienation of Benefits. Except as provided in Section 14.E in the case of the Company, or to
the Executive’s estate and heirs in the case of the death of the Executive, this Agreement is not assignable by any party.
Compensation and benefits payable to the Executive under this Agreement shall not be subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary,
prior to actually being received by the Executive or his estate, as applicable, and any such attempt to dispose of any right to
benefits payable hereunder shall be void, and no payment to be made hereunder shall be subject to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance or other charge.

 

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G.
Remedies Cumulative; No Waiver. No remedy conferred upon either party by this Agreement is intended to be exclusive of
any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder
or now or hereafter existing at law or in equity. No delay or omission by either party in exercising any right, remedy or power
hereunder or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised
by such party from time to time and as often as may be deemed expedient or necessary by such party in such party’s sole
discretion.

 

H.
Survivorship. Notwithstanding anything in this Agreement to the contrary, all terms and provisions of this Agreement that
by their nature extend beyond the Date of Termination shall survive termination of this Agreement.

 

I.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original, but
all of which, when taken together, shall constitute one document.

 

15.
No Contract of Employment. Nothing contained in this Agreement will be construed as a right of the Executive to
be continued in the employment of the Company, or as a limitation of the right of the Company to discharge the Executive with
or without Cause.

 

16.
Section 409A of the Code. The intent of the parties is that payments and benefits under this Agreement comply with,
or be exempt from, Section 409A of the Code and, accordingly, to the maximum extent permitted, this Agreement shall be construed
and interpreted in accordance with such intent. The Executive’s termination of employment (or words to similar effect) shall
not be deemed to have occurred for purposes of this Agreement unless such termination of employment constitutes a “separation
from service” within the meaning of Code Section 409A and the regulations and other guidance promulgated thereunder.

 

Notwithstanding
any provision in this Agreement to the contrary, if the Executive is deemed on the date of the Executive’s separation from
service to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B) and using the
identification methodology selected by the Company from time to time, or if none, the default methodology set forth in Code Section
409A, then with regard to any payment or any benefit that constitutes “non-qualified deferred compensation” pursuant
to Code Section 409A and the regulations issued thereunder that is payable due to the Executive’s separation from service,
to the extent required to be delayed in compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made
or provided to the Executive prior to the earlier of (i) the expiration of the six (6)-month period measured from the date of
the Executive’s separation from service, and (ii) the date of the Executive’s death (the “Delay Period”).
On the first day of the seventh month following the date of the Executive’s separation from service or, if earlier, on the
date of the Executive’s death, all payments delayed pursuant to this Section 16 shall be paid or reimbursed to the Executive
in a lump sum, and any remaining payments and benefits due to the Executive under this Agreement shall be paid or provided in
accordance with the normal payment dates specified for them herein.

 

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To
the extent any reimbursement of costs and expenses (including reimbursement of expenses pursuant to Section 3.F or 3.G and COBRA
premiums pursuant to Section 7.C) provided for under this Agreement constitutes taxable income to the Executive for Federal income
tax purposes, such reimbursements shall be made as soon as practicable after the Executive provides proper documentation supporting
reimbursement but in no event later than December 31 of the calendar year next following the calendar year in which the expenses
to be reimbursed are incurred. With regard to any provision herein that provides for reimbursement of expenses or in-kind benefits,
except as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits is not subject to liquidation or
exchange for another benefit, and (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during
any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable
year.

 

If
under this Agreement, any amount is to be paid in two or more installments, each such installment shall be treated as a separate
payment for purposes of Section 409A.

 

17.
Executive Acknowledgement. The Executive hereby acknowledges that the Executive has read and understands the provisions
of this Agreement, that the Executive has been given the opportunity for the Executive’s legal counsel to review this Agreement,
that the provisions of this Agreement are reasonable and that the Executive has received a copy of this Agreement.

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Employment Agreement to be executed on February 27, 2020.

 

	 	VISLINK
    TECHNOLOGIES, INC.	 
	 	 	 	 
	 	By:
    	/s/
    Carleton M. Miller	 
	 	Name:	Carleton
    M. Miller	 
	 	Title:
    	Chief
    Executive Officer	 

 

	 	EXECUTIVE	 
	 	 	 
	 	/s/
    Michael Bond	 
	 	Michael
    Bond	 

 

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EXHIBIT
A

 

	(a)	“Annual
    Bonus” shall have the meaning set forth in Section 5.B of the Employment Agreement.
	 	 
	(b)	“Base
    Salary” shall have the meaning set forth in Section 5.A of the Employment Agreement.
	 	 
	(c)	“Board”
    means the Board of Directors of the Company.
	 	 
	(d)	“Cash
    Bonus Plan” shall have the meaning set forth in Section 5.B of the Employment Agreement.
	 	 
	(e)	“Cause”
    means one or more of the following:

 

	 	(i)	The
    Executive’s willful and continuous failure to perform his essential duties hereunder or the lawful directives of the
    Board (other than as a result of illness or injury);
	 	 	 
	 	(ii)	The
    Executive’s willful misconduct or gross negligence in the performance of his duties hereunder that directly, the could
    reasonably be expected to materially and demonstrably impair or damage the property, goodwill, reputation, business or finances
    of the Company;
	 	 	 
	 	(iii)	The
    commission of, or plea of nolo contendere by, the Executive to, a felony or a crime involving moral turpitude that
    could reasonably be expected to materially and demonstrably impair or damage the property, goodwill, reputation, business
    or finances of the Company; 
	 	 	 
	 	(iv)	The
    Executive’s material breach of his obligations under the Confidentiality Agreement; 
	 	 	 
	 	(v)	The
    Executive’s willful material violation of the Company policies involving employee conduct or business ethics that could
    reasonably be expected to materially and demonstrably impair or damage the property, goodwill, reputation, business or finances
    of the Company; or 
	 	 	 
	 	(vi)	The
    Executive’s commission of any willful acts of personal dishonesty in connection with his responsibilities as an employee
    of the Company that could reasonably be expected to materially and demonstrably impair or damage the property, goodwill, reputation,
    business or finances of the Company.

 

Notwithstanding
the foregoing, in the event the Executive engages in any act or course of conduct that is described in clause (i), (ii), (iv)
or (v) above, the Company shall give the Executive written notice prior to terminating the Executive’s employment based
upon an such act or course of conduct described in clauses (i), (ii), (iv) or (v), setting forth the nature of any alleged act
or course of conduct that allegedly constitutes Cause hereunder and to the extent that such act or course of conduct can be cured,
the Executive shall be given fifteen (15) days (or such longer period of time as may be set forth in the notice, to cure or remedy
such act or course of conduct. If the act or course of conduct cannot be cured or remedied, the Board may terminate the Executive’s
employment for Cause immediately upon providing notice to the Executive. If the acts or omissions can be cured or remedied but
the Executive fails to do so within the period of time provided by the Board in written notice to the Executive, the Board may
terminate the Executive’s employment for Cause upon delivering written notice to the Executive upon expiration of such cure
period.

 

    	 	A-1	 

     

    

 

	(f)	“Change in Control” means the occurrence
of any one of the following events:

 

	 	(i)	any
    person (or two or more persons acting in concert) directly or indirectly, acquires “beneficial ownership” (as
    defined in Rule 13d-3 under the Exchange Act) of equity securities of the Company that, together with equity securities of
    the Company previously owned by such person or persons, represent more than 50% of the combined voting power of the Company’s
    then outstanding securities;
	 	 	 
	 	(ii)	the
    consummation of a reorganization, merger, statutory share exchange, consolidation or similar corporate transaction (each,
    a “Business Combination”) other than a Business Combination in which all or substantially all of the individuals
    and entities who were the beneficial owners of the Company’s voting securities immediately prior to such Business Combination
    beneficially own, directly or indirectly, 50% or more of the combined voting power of the voting securities of the entity
    resulting from such Business Combination (including, without limitation, an entity which as a result of the Business Combination
    owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries)
    in substantially the same proportions as their ownership of the Company’s voting securities immediately prior to such
    Business Combination; or
	 	 	 
	 	(iii)	any
    person (or two or more persons acting in concert) acquires all or substantially all of the assets of the Company within any
    twelve (12) consecutive month period.

 

Notwithstanding
the forgoing, none of the foregoing events shall constitute a Change in Control of the Company unless such event also constitutes
a change in ownership of the Company within the meaning of Treasury Regulation Section 1.409A- 3(i)(5)(v) or a change in ownership
of a substantial portion of the assets of the Company within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vii).

 

	(g)	“Code”
    means the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder.
	 	 
	(h)	“Compensation
    Committee” means the compensation committee of the Board or such other committee of the Board that exercises the duties
    and responsibilities typically assigned to a compensation committee and if no such committee has been established, the Compensation
    Committee shall mean the full Board.
	 	 
	(i)	“Confidentiality
    Agreement” means the Proprietary Information and Invention Agreement between the Company and the Executive, a copy of
    which is attached to this Agreement as Exhibit B, pursuant to which the Executive has agreed to abide by certain covenants
    (including covenants to maintain not to disclose confidential information, compete with the Company or solicit employees,
    consultants or independent contractors of the Company, main).

 

    	 	A-2	 

     

    

 

	(j)	“Cumulative
    EBITDA” means earnings before interest, taxes, depreciation and amortization accumulated over four consecutive fiscal
    quarters as determined in accordance with generally accepted accounting principles, but adjusted to reflect the effect of
    mergers and acquisitions.
	 	 
	(k)	“Date
    of Termination” means the date specified in a written notice of termination delivered pursuant to Section 6 hereof,
    or the Executive’s last date as an active employee of the Company before a termination of employment due to his death
    but is if such termination does not constitute a “separation from service” within the meaning of regulations under
    Section 409A of the Code, the Date of Termination will occur upon the date on which the Executive incurs a separation from
    service with the Company and its affiliates.
	 	 
	(l)	 “Disabled”
    or “Disability” means a mental or physical condition that renders the Executive substantially incapable of performing
    his duties and obligations under this Agreement, after taking into account provisions for reasonable accommodation, as determined
    by a medical doctor (such doctor to be mutually determined in good faith by the parties) for 180 day days (whether or not
    consecutive) within any twelve (12) consecutive month period.
	 	 
	(m)	“Equity
    Awards” means stock options, stock appreciation rights, restricted shares, restricted stock units, deferred stock, performance
    shares or performance units or any other stock-based awards granted by the Company to the Executive whether pursuant to the
    terms of an equity incentive plan or otherwise.
	 	 
	(n)	“Fiscal
    Year” means the fiscal year of the Company, which is the calendar year.
	 	 
	(o)	“Good
    Reason” means, unless the Executive has consented in writing thereto, the occurrence of any of the following:

 

	 	(i)	the
    assignment to the Executive of any duties materially inconsistent with the Executive’s position, including any change
    in status, title, authority, duties or responsibilities or any other action which results in a material diminution in such
    status, title, authority, duties or responsibilities; provided, however, that the Executive’s assignment following a
    Change in Control of the Company to a subsidiary or operating division of the Company (or its successor in interest) will
    not constitute a Good Reason if the Executive’s duties and responsibilities following such Change in Control are commensurate
    with the duties and responsibilities of the Executive immediately prior to the Change in Control;
	 	 	 
	 	(ii)	a
    material reduction in the Executive’s Base Salary without the Executive’s consent by the Company other than a
    reduction in Base Salary authorized pursuant to Section 5.A of the Employment Agreement;
	 	 	 
	 	(iii)	a
    material reduction in the Executive’s target Annual Bonus opportunity;
	 	 	 
	 	(iv)	the
    relocation of the Executive’s principal office without his written consent to a location that increases the Executive’s
    one-way commute from his residence at the time such relocation becomes effective by more than 30 minutes;
	 	 	 
	 	(v)	the
    failure of the Company to obtain the assumption in writing of the Company’s obligation to perform this Agreement by
    any successor to all or substantially all of the assets of the Company within 15 days after a Business Combination or a sale
    or other disposition of all or substantially all of the assets of the Company;
	 	 	 
	 	(vi)	any
    material reduction in the Company’s willingness or obligation to indemnify the Executive against liability for actions
    (or inaction, as the case may be) in his capacity as an officer, director or employee of the Company; or
	 	 	 
	 	(vii)	a
    material breach of this Agreement by the Company.

 

	(p)	“Release”
    shall have the meaning set forth in Section 8 of the Employment Agreement.
	 	 
	(q)	“Term
    of Employment” shall have the meaning set forth in Section 2 of the Employment Agreement.

 

    	 	A-3	 

     

    

 

EXHIBIT
B

 

CONFIDENTIALITY,
NON-SOLICITATION AND NON-COMPETITION AGREEMENT

 

    	 	B-1Exhibit
10.2

 

FORM
OF SEPARATION AGREEMENT

 

This
Separation Agreement (hereinafter “Agreement”) is made between Vislink Technologies, Inc. (hereinafter “Company”)
and Roger G. Branton (hereinafter “Employee” or “you”), intending to be legally bound, and in consideration
of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

 

1.
Separation Date and Transition. The Employee’s last day of employment with the Company shall be March 31, 2020 (the
“Separation Date”). Your full-time employment with the Company is ending and that you will now begin a transitional
role to March 31, 2020. You agree that, between the date of this Agreement and your last date of employment with the Company,
you will continue performing and transitioning your job duties in a professional manner, using your best effort and judgment until
such time as your job duties have been fully transitioned or outsourced. You will be paid your normal wages through the end of
the Separation Date.

 

2.
Final Wages. Regardless of whether you sign this Agreement, the Company will pay you all wages due and owing through the
Separation Date.

 

3.
Severance. In consideration of your commitments as set forth herein, the Company
agrees to provide you with severance in the form of twelve (12) months of base salary continuation for an aggregate amount of $300,000
(the “Severance Amount”).
The Severance Amount shall be paid in accordance with the Company’s customary payroll practices starting on the first payroll
date on or after the Effective Date, as defined herein, and ending twelve (12) months later. The Severance Amount shall be subject
to normal withholdings and deductions. You acknowledge that the Severance Amount constitutes special consideration to you in exchange
for the promises made in this Agreement. In order to receive the Severance Amount, you must:

 

	 	a)	Perform
    all duties assigned to you and transition your job duties using your best judgment, professionalism, and abilities through
    the Separation Date; and
	 	 	 
	 	b)	On
    or after the Separation Date but no later than forty-five (45) days after the Company presented you with a copy of this Agreement,
    you must sign this Agreement and must not revoke the Agreement. You may not sign this Agreement before the Separation Date.

 

    	 	 	 

     

    

 

4.
No Other Compensation. Employee acknowledges and agrees that this amount is more than Employee otherwise would be entitled
to receive and that no other amounts are due or owing from the Company.

 

5.
Confidentiality of Agreement and Non-Disparagement. Employee understands and agrees that the existence of this Agreement
and the terms and conditions thereof, shall be considered confidential, and shall not be disclosed by Employee to any third party
or entity except with the prior written approval of the Company or upon the order of a court of competent jurisdiction. Notwithstanding
the foregoing, Employee may reveal the relevant terms of this Agreement to Employee’s spouse, tax advisor, and attorneys
with whom Employee chooses to consult regarding Employee’s consideration of this Agreement; provided that they agree to
keep the terms of this Agreement confidential. In addition, Employee may communicate in general terms Employee’s duties,
responsibilities and title as an employee of the Company. Employee agrees that, at all times, Employee will refrain from and will
not directly or indirectly solicit, request or engage in any communication, whether made in person, in writing, or by electronic
media including, without limitation, by personal email, in a blog, on a website, on any form of social media such as Twitter,
LinkedIn or Facebook, or in any other manner that would tend to negatively impact the Company. 

 

6.
Return of Company Property. Employee agrees to return to the Company all property of the Company in Employee’s possession,
custody, or control, including but not limited to laptop computer, access card, and keys. 

 

7.
Confidential Information. Employee acknowledges that Employee has had access to the Company confidential and proprietary
information, including information, whether or not in writing, concerning the business, technology, business relationships or
financial affairs of the Company which the Company has not released to the general public (collectively, “Confidential Information”)
and agrees that all such Confidential Information is and shall remain the exclusive property of the Company. Employee further
agrees that Employee shall not publish, disclose, or otherwise make available to any third party any such Confidential Information.
However, pursuant to the Defend Trade Secrets Act of 2016, Employee shall not be held criminally or civilly liable under any federal
or state trade secret law for the disclosure of a trade secret made in confidence to a federal, state or local government official,
either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation
of law; made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; or, in
the event of a lawsuit for retaliation for reporting a suspected violation of law, to Employee’s attorney and for use in
the court proceeding, if any document containing the trade secret is filed under seal and not disclosed, except pursuant to court
order. Employee warrants that Employee has no materials containing Confidential Information, but if Employee does, Employee shall
return immediately to the Company or destroy any and all materials containing any Confidential Information in Employee’s
possession, custody, or control. 

 

    	- 2 -

    	 

    

 

8.
Release. That the undersigned, Roger G. Branton, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, intending to be legally bound, and Employee’s past, present and future agents, representatives,
attorneys, affiliates, heirs, executors, assigns and successors, and all other persons connected therewith, and on behalf of all
successors and assigns, hereby releases and forever discharges Vislink Technologies, Inc., and all of their past, present and
future agents, representatives, principals, attorneys, affiliates, owners, parent corporations, subsidiaries, officers, directors,
employees, assigns and successors, and all other persons, firms or corporations connected therewith (collectively “Releasees”),
of and from any and all legal, equitable or other claims, demands, setoffs, defenses, contracts, accounts, suits, debts, agreements,
actions, causes of action, sums of money, judgments, findings, controversies, disputes, or past, present and future duties, responsibilities,
obligations, or suits at law and/or equity of whatsoever kind, from the beginning of the world to the date hereof, in addition,
without limitation, any and all actions, causes of action, claims, counterclaims, third party claims, and any and all other federal,
state, local and/or municipality statutes, laws and/or regulations and any ordinance and/or common law pertaining to employment
and any and all other claims, counterclaims and/or third party claims which have been or which could have been asserted against
any party in any court, arbitration or other forum involving the subject matter of the Release.

 

By
signing this Release, the undersigned knowingly and voluntarily fully releases and forever discharges Releasees of and from all
claims, demands and liability of any kind arising under any statute, law or ordinance, including, without limitation, Title VII
of the Civil Rights Act of 1964, the Fair Labor Standards Act, the National Labor Relations Act, the Americans with Disabilities
Act, the Employee Retirement Income Security Act of 1974 (as amended), any state Human Rights Act, or any facts or claims arising
under the Age Discrimination in Employment Act (“ADEA”). It is understood that the acceptance of this Release by Releasees
is not to be construed as an admission of liability on their part. You further understand and agree that this Release is intended
to cover all actions, causes of action, claims, and demands for damages, loss or injury arising from the beginning of time until
the date of this Release, whether presently known or unknown to the undersigned. However, the undersigned does not waive rights
to claims which may arise after this Release becomes effective.

 

In
addition, the undersigned is hereby advised to consult with an attorney prior to executing this Release. The undersigned has been
given a reasonable time in which to consider the Release and seek such consultation and further warrants that the undersigned
has consulted with knowledgeable persons concerning the effect of this Release and all rights which the undersigned might have
under any and all state and federal law relating to employment and employment discrimination. The undersigned fully understands
these rights and that by signing this Release the undersigned forfeits all rights to sue Releasees for matters relating to or
arising out of employment and termination. Notwithstanding any provision in this Section 8 to the contrary, this Release does
not apply to any claims Employee may have relating to the enforcement of the terms of this Agreement. The undersigned may preserve
a legal right to sue by refusing to sign this Release, in which case the undersigned will not receive the severance pay offered.
For the avoidance of doubt, this Release shall not apply to any vested stock options previously granted to the Employee.

 

    	- 3 -

    	 

    

 

Employee
represents and warrants that Employee has no pending charges, claims, suits, arbitrations, complaints, or grievances against any
of the Releasees with any federal, state, local or other governmental agency, or in any court of law, or before any arbitration
association, and has not suffered any work-related injury or illness prior to the Separation Date. Employee acknowledges and agrees
Employee has been fully and properly paid for all hours worked and received all benefits to which Employee is entitled; that Employee
has received all leave to which Employee may have been entitled and that the Company has not discriminated or retaliated against
Employee based on Employee’s exercise of any rights; that Employee is not aware of any facts or circumstances constituting
a violation of either any leave law or any wage/hour law; and to the greatest extent permitted by applicable law, Employee hereby
waives and releases any and all leave-related claims and/or wage/hour related claims and acknowledges receipt of all compensation
due to Employee as of the date of Employee’s execution of this Agreement.

 

Nothing
in this Agreement will preclude Employee from filing a charge or complaint with the Equal Employment Opportunity Commission or
any other federal, state, or local governmental agency or commission (“Government Agencies”). Employee, however, expressly
waives and releases any right Employee may have to recover any monetary relief resulting from any action or suit that may be instituted
on Employee’s behalf against the Releasees by any Government Agencies, or in any class or collective action that may be
filed on Employee’s behalf, or in any action under state or federal false claims acts. Employee is not waiving any rights
under this Agreement that cannot be legally waived.

 

In
accordance with provisions of the ADEA, as amended, 29 U.S.C. §601-634, and the Older Workers Benefit Protection Act, the
undersigned is hereby provided a period of forty-five (45) days from the date of receiving this Release to review the waiver of
rights under the ADEA and sign this Release. Employee acknowledges that Employee received a copy of this Release on February 20,
2020. Furthermore, the undersigned has seven (7) days after the date of signing the Release (“Revocation Period”)
to revoke the undersigned’s consent. This Release shall not become effective or enforceable until the Revocation Period
has expired. If the undersigned does not deliver a written revocation to the Director of Human Resources c/o Vislink Technologies,
Inc., 101 Bilby Road, Suite 15, Building 2, Hackettstown, NJ 07840, before the Revocation Period expires, this Release will become
effective.

 

By
Exhibit A to this Agreement, Employee has been informed in writing of the decisional unit for the Company’s termination
program; the job titles and ages of all individuals in the decisional unit selected for termination of employment and offered
severance benefits and the job titles and ages of all individuals in the decisional unit who were not selected; and the eligibility
requirements for receipt of severance benefits.

 

    	- 4 -

    	 

    

 

9.
Opportunity to Seek Counsel. The parties represent that they have had an opportunity to retain legal counsel to represent
them in connection with this matter, that they have been advised of the legal effect and consequences of this Agreement, that
they have entered into this Agreement knowingly, freely and voluntarily of their own volition, and that they have not been coerced,
forced, harassed, threatened or otherwise unduly pressured to enter into this Agreement.

 

10.
No Admissions. This Agreement is not and shall not in any way be construed as an admission by either party of any wrongful
act or omission, or any liability due and owing, or any violation of any federal, state or local law or regulation.

 

11.
Amendments and Modifications. This Agreement may not be amended or modified except in writing signed by Employee and an
authorized representative with actual authority to bind the Company, specifically stating that it is an Amendment to this Agreement.

 

12.
Governing Law. This Agreement, and all of the terms and conditions hereof, shall be construed and interpreted in accordance
with the laws of New Jersey.

 

13.
Venue. Should it become necessary for either party to bring action to enforce this Agreement, such action shall be brought
in the Superior Court of Warren County, New Jersey.

 

14.
Attorneys’ Fees. In the event that either party brings an action to enforce this Agreement, the prevailing party
shall be entitled to have its attorneys’ fees paid by the non-prevailing party.

 

15.
Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other
provisions hereto and this Agreement shall be construed in all respects as though such invalid or unenforceable provisions were
omitted.

 

16.
Waiver. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach by any party.

 

17.
Counterparts. If this Agreement is executed in counterparts, each counterpart shall be deemed an original and all counterparts
so executed shall constitute one Agreement, binding on all of the parties hereto, notwithstanding that all of the parties are
not signatories to the same counterpart.

 

18.
Duplicates. This original Agreement or a duplicate copy of the original Agreement shall suffice in an action to enforce
any of the terms and conditions herein.

 

19.
Entire Agreement. This Agreement constitutes the entire Agreement between the parties hereto with respect to the subject
matter hereof.

 

    	- 5 -

    	 

    

 

IN
WITNESS THEREOF, the parties hereto acknowledge, understand and agree to this Agreement. The parties understand and intend to
be bound by all of the clauses contained in this document and further certify that they have received signed copies of this Agreement.

 

	Roger
    G. Branton 	 	Vislink Technologies, Inc.
	 	 	 
	 	 	 	 
	Roger
    G. Branton	 	By:	Carleton
    Miller
	 	 	 	CEO
	 	 	 	 
	Date:
    March 31, 2020 	 	Date:	 March 31, 2020

 

    	- 6 -

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