Document:

Exhibit 10.17

 

 

January 11, 2017

 

Mrs. Kelly Gay

3374 Habersham Road NW

Atlanta, GA 30305

 

Dear Kelly,

 

We are pleased that you have accepted our
offer as Chief Operating Officer with Numerex reporting to the Chief Executive Officer.

 

Ken will establish specific short and longer-term
goals with you. Aside from your specific job requirements, you will be expected to contribute to our overall business and cultural
growth by, among other things, helping colleagues achieve their goals and contributing to the development of company-wide intellectual
capital.

 

We have developed a competitive compensation
package commensurate with your extensive experience and abilities.

 

Base Pay

 

You will earn base pay at an annualized
pre-tax rate of $330,000 payable twice a month.

 

Bonus

 

You will participate in our Executive Bonus
Plan with an annual bonus targeted at 50% of base pay. For 2017, the bonus will depend on Numerex’s achievement of certain
financial targets that the board will establish.

 

Equity

 

As you know, the Board has approved the grant of 25,000 stock
options and 25,000 Restricted Share Units under Numerex’s current standard vesting terms: 25%/year over four years. Vesting
is accelerated upon the occurrence of a Change-in-Control.

 

In addition, you will be eligible for annual equity grants with
a targeted present value equal to 50% of your base pay. These grants are usually made on or around our annual shareholder’s
meeting held in the spring.

 

No equity is granted until approved by the Compensation Committee.

 

Associate Benefits

 

You will be entitled to the benefits generally
provided to Numerex associates. Numerex currently offers medical, dental, vision, 401(k), paid-time-off and life insurance plans.

 

You will accrue 15 days of vacation per
year, have two elective holidays which can be taken at any time, and be able to take up to seven paid days off in the event of
illness. This is in addition to the standard Company-wide holidays (e.g., Thanksgiving, Christmas).

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 2 of 11

 

SEVERANCE AND CHANGE
IN CONTROL

 

Management will recommend to the Compensation
Committee that Numerex enter into a severance and change in control agreement with you with the following key terms:

 

		·	12 months of base pay in the event you
are terminated by Numerex or any successor organization without Cause or resign for Good Reason.

 

		·	All outstanding equity grants will be
vested in the event of a change-in-control.

 

COMPANY POLICIES
AND EMPLOYMENT REQUIREMENTS

 

At Numerex, we expect that you will maintain
all information about its operations, customers, and associates as confidential and, in the event that you leave Numerex, refrain
from competition with the firm.

 

As a condition of your continued employment,
you are required to sign the attached Business Protection Agreement. Employment is further contingent upon demonstrating you have
the legal right to work in the United States without sponsorship by Numerex, by passing a satisfactory background and/or reference
check. The background check may include a review of your credit history.

 

Please email a signed copy of this offer
letter and Business Protection Agreement to me at ahobbs@numerex.com.

 

This letter covers all the principal aspects
of our offer and does not create a contract of employment or a contract for benefits. Your employment relationship with the Company
is at-will. At either your option or the Company's option, your employment may be terminated at any time, with or without cause
or notice.

 

Kelly, we are excited about your decision
to rejoin Numerex and helping us continue our growth; your experience, track record of success and integrity is a wonderful fit
with our culture.

 

Please feel free to contact me if you have
any questions or would like to discuss any aspect of this offer.

 

 

 

SIGNATURE PAGE TO FOLLOW

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 3 of 11

 

Sincerely,

 

Eugene
Hyun

SVP,
Legal Affairs and Administration

 

	Accepted:	 	 
	 	 	 
	SIGNATURE:	 	DATE:
	 	 	 
	 	 	 
	 	 	 
	Mrs. Kelly Gay	 	 

 

     

     

    

 

	 	
        Mrs. Kelly Gay

        January 11, 2017

        Page 4 of 11

 

Business Protection Agreement

 

This Business Protection Agreement (this
“Agreement”) is made January 11, 2017 between Numerex Corp. and its affiliates and subsidiaries (collectively, the
“Company”) and Kelly Gay (the “Employee”).

 

STATEMENT OF FACTS

 

A.       The
Company is headquartered in Georgia and provides wireless services, technology and products for the development and support of
machine-to-machine solutions for businesses and governments worldwide.

 

B.       Employee
has been and/or will be in a position of trust and responsibility with access to Confidential Information, Trade Secrets, and information
concerning the Company’s employees, customers, and prospective customers. The Company wishes to protect and maintain this
information, which may be developed by or become known to Employee and which, if disclosed to the Company’s competitors or
if used in a competitive way, would be detrimental to the Company’s business.

 

C.       Employee
has and/or will perform the duties of a key employee or of a professional for the Company.

 

D.       The
Company will invest its time and money in the development of Employee’s skills in the Company’s Business.

 

E.       The
Employee is an employee-at-will of the Company and therefore, the Company or the Employee can terminate the employment relationship
at any time for any reason.

 

AGREEMENT AS TO TERMS

 

In consideration of
the employment of Employee by the Company, the parties agree as follows:

 

		1.	Definitions.

 

Capitalized terms
used in this Agreement shall have the meanings set forth in Schedule 1.

 

		2.	Agreement Not to Solicit Employees.

 

During the term of
Employee’s employment by the Company and for a period of one (1) year following the termination of such employment, regardless
of the reason for or manner of termination, Employee shall not, either directly or indirectly, on Employee’s own behalf or
on behalf of others, solicit, divert or hire away, or attempt to solicit, divert or hire away, any person employed by the Company,
regardless if such employee is a full-time, part-time or temporary employee of the Company.

 

		3.	Agreement Not to Solicit Customers.

 

During the term of
Employee’s employment by the Company and for a period of one (1) year following the termination of such employment, regardless
of the reason for or manner of termination, Employee shall not, either directly or indirectly, on Employee’s own behalf or
on the behalf of others, solicit, divert or appropriate, or attempt to solicit, divert or appropriate, any customer or actively
sought prospective customer of the Company with whom the Employee had Material Contact during the last twelve (12) months of Employee's
employment with the Company for the purpose of providing Competitive Products and Services.

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 5 of 11

 

		4.	Non-Competition.

 

During the term of
Employee’s employment by the Company and for a period of one (1) year following the termination of such employment, regardless
of the reason for or manner of termination, Employee shall not, within the Area, either directly or indirectly, perform or undertake
any duty or responsibility substantially similar to any duty or responsibility Employee performed for the Company in the service
of or on behalf of any person, firm, partnership, corporation or unincorporated association or entity of any kind (including Employee)
that is engaged in Competitive Activities.

 

		5.	Restrictions on Use and Disclosure of Company Information.

 

		(a)	Employee agrees that:

 

		i.	Employee will receive and hold all the Company Information in
trust and in strictest confidence;

 

		ii.	Employee will protect the Company Information from disclosure
and will in no event take any action causing any of the Company Information to lose its character as Company Information, or fail
to take the action necessary in order to prevent any Company Information from losing its status as Company Information; and

 

		iii.	except as required by Employee’s duties in the course of
employment by the Company, Employee will not, directly or indirectly, use, publish, disseminate or otherwise disclose any Company
Information to any third party without the prior written consent of the Company, which may be withheld in the Company’s absolute
discretion.

 

(b)
The restrictions on Employee’s use or disclosure of Company Information, as set forth in Section 5(a) above, shall survive,
with respect to Confidential Information, for as long as the information meets the definition of Confidential Information in this
Agreement.

 

(c)
The restrictions on Employee’s use or disclosure of Company Information, as set forth in Section 5(a) above, shall survive,
with respect to Trade Secrets, for so long as such Company Information is a trade secret under applicable law.

 

(d)
Upon termination of Employee’s employment with the Company, or at any time upon the Company’s request, Employee shall
immediately return all Company Information to the Company and shall not retain any copies or derivatives thereof.

 

		6.	Assignment of Inventions and Works.

 

(a)       During
the period of Employee’s employment, Employee agrees to promptly disclose in confidence to the Company all inventions and
original works of authorship that Employee makes or conceives or first reduces to practice or creates, either alone or jointly
with others, whether or not in the course of Employee’s employment, and whether or not such Inventions and Works are patentable,
copyrightable or protectable as trade secrets.

 

(b)
       Employee understands that, under the copyright laws, any copyrightable Works prepared
by Employee within the course and scope of his employment are “works for hire”. Consequently, the Company will be considered
the author and owner of such Works.

 

(c)       Employee
agrees that all Inventions that (a) are or have been developed using equipment, supplies, facilities, Confidential Information
or Trade Secrets of the Company, (b) result from work performed by Employee for the Company, or (c) relate to the Company’s
Business, will be the sole and exclusive property of the Company. 

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 6 of 11

 

(d)       Assignment
of Inventions. Employee hereby irrevocably and unconditionally transfers, conveys, assigns and delivers to the Company all
Employee’s worldwide right, title and interest in any and all Inventions and any other forms of intellectual property.

 

(e)       Assignment
of Works. Employee hereby irrevocably and unconditionally transfers, conveys, assigns and delivers to the Company all Employee’s
entire worldwide right, title and interest in and to the copyright and all other rights in the Works, and any and all copyright
registrations and registration applications thereof anywhere in the world, and any renewals and extensions of such copyright registrations,
including, but not limited to, the following rights: (i) to reproduce the Works in copies, (ii) to prepare derivative works of
the Works, (iii) to perform the Works (as appropriate), and (iv) to distribute copies of the Works to the public by sale or other
transfer of ownership or by rental, lease, or lending, to the full end of the term for which the copyright is granted, as fully
and entirely as the same would have been held by Employee had this assignment not been made.

 

(f)       Employee
also waives and agrees never to assert against the Company or any third party any “Moral Rights” Employee might have
in or with respect to any Works even after Employee leave the Company. Moral Rights means any right (or similar right existing
under the judicial or statutory law of any country or treaty) to claim authorship of any Works, to object or prevent modification
of any Works, or to withdraw from circulation or to control the publication or distribution of any Works.

 

(g)       Employee
agrees to assist the Company in every way to obtain and enforce the intellectual property protection for any Works or Inventions
in any and all countries. Employee agrees to sign documents and take such actions that the Company may reasonably request to obtain
such protection. 

 

(h)
Employee’s obligations to assist Company under Section 6(g) will continue after Employee leaves the Company. The Company
will reimburse Employee at a reasonable rate after Employee leaves the Company for time or expenses actually spent by Employee
on the Company’s behalf.

 

(i)
Employee further authorizes and grants a limited power of attorney to the Company’s counsel or other designee, to execute
on Employee’s behalf any documents necessary to evidence the assignments granted herein for the United States or any other
country without further notice to Employee.

 

		7.	Ability to Earn Livelihood.

 

Employee
expressly agrees and acknowledges that the covenants and restrictions contained in Sections 2,
3, 4,
and 5 do not preclude Employee from earning a
livelihood, nor do they unreasonably impose limitations on Employee’s ability to earn a living. In addition, Employee agrees
and acknowledges that the potential harm to the Company of their non-enforcement outweighs any harm to the Employee of their enforcement
by injunction or otherwise.

 

		8.	No conflict; No Unauthorized Use. 

 

Employee represents and warrants to the
Company that Employee is not now under any obligation, of a contractual nature or otherwise, to any person, firm, corporation,
association or other entity that is inconsistent or in conflict with this Agreement or which would prevent, limit or impair in
any way the performance by Employee of services to the Company in the course of his or her employment. Employee agrees that Employee
will not use, disclose, or reverse engineer (a) any confidential information or trade secrets of any former employer or third party,
or (b) any works of authorship developed in whole or in part by Employee during any former employment or for any other party, unless
authorized in writing by the former employer or third party.

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 7 of 11

 

		9.	Remedies.

 

Employee
agrees that the covenants contained in Sections 2,
3, 4,
and 5 of this Agreement are of the essence of
this Agreement; that each of such covenants is reasonable and necessary to protect and preserve the business, interests and properties
of the Company; and that irreparable loss and damage will be suffered by the Company should Employee breach any of such covenants.
Therefore, Employee agrees and consents that, in addition to all the remedies provided at law or in equity, the Company shall be
entitled to a temporary restraining order and temporary and permanent injunctions to prevent a breach or contemplated breach of
any of such covenants. The existence of any claim, demand, action or cause of action of Employee against the Company shall not
constitute a defense to the enforcement by the Company of any of the covenants or agreements herein.

 

		10.	Severability.

 

The parties agree that each provision in
this Agreement is separate, distinct and severable from the other and remaining provisions of this Agreement, and that the invalidity
or unenforceability of any provision shall not affect the validity and enforceability of any other provision or provisions of this
Agreement. Further, if any provision of this Agreement is ruled invalid or unenforceable by a court of competent jurisdiction because
of a conflict between such provision and any applicable law or public policy, such provision shall be valid and enforceable to
the extent such provision is consistent with such law or public policy.

 

		11.	Blue Pencil.

 

If
any court of competent jurisdiction shall at any time deem any provisions of Sections 2,
3, 4,
or 5 to be unenforceable, the parties agree that
the Court shall modify the provision to render it enforceable so long as such modification does not render the provision more restrictive
with regard to Employee than as originally drafted by the parties. 

 

		12.	Assignment.

 

This Agreement and the rights and obligations
of the Company hereunder may be assigned by the Company and shall inure to the benefit of, shall be binding upon, and shall be
enforceable by any such assignee and any successor of the Company. This Agreement and the rights and obligations of Employee hereunder
may not be assigned by Employee.

 

		13.	Governing Law.

 

This Agreement shall be governed and construed
as to both substantive and procedural matters in accordance with the laws of the State of Georgia, without regard to the conflict
of laws principles thereof.

     

     

    

Mrs. Kelly Gay

January 11, 2017

Page 8 of 11

 

		14.	Consent to Jurisdiction and Venue and Selection of Forum. 

 

In regard to any action to enforce or
interpret this Agreement, or otherwise arising out of or relating to this Agreement, each party (i) consents and submits to personal
jurisdiction and venue in the Superior Court of Cobb County, Georgia or the United States District Court for the Northern District
of Georgia, Atlanta Division (referred to as the “Court”); (ii) waives any and all objections to jurisdiction and
venue in the Court; and (iii) waives any objection that the Court is an inconvenient forum. Each party further agrees that jurisdiction
and venue concerning any legal or equitable action to enforce or interpret this Agreement, or otherwise arising out of this Agreement,
shall rest exclusively in the Court, so that any such action shall be brought and defended in the Court. Each party consents to
service of process in any such action by U.S. Mail or other commercially reasonable means of receipted delivery.

	Initials:	 	 	Initials: 	 	 

 

		15.	Reasonableness.

 

Employee acknowledges that Employee has
carefully read this Agreement and has given careful consideration to the restraints imposed upon the Employee by this Agreement,
and is in full accord as to their necessity for the reasonable and proper protection of the Company Information. The Employee expressly
acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time
period and geographical area.

 

		16.	Modification.

 

No amendment or modification of this Agreement
shall be valid or binding upon the Company or Employee unless made in writing and signed by the parties hereto. Notwithstanding
the foregoing, the parties agree that if a judicial or quasi-judicial entity declares the agreement invalid in whole or in part,
it may modify the terms of the Agreement and give effect to the Agreement as modified.

 

		17.	Entire Agreement.

 

This Agreement embodies the entire agreement
of the parties on the subject matter herein. All prior understandings and agreements relating to the subject matter of this Agreement
are hereby expressly terminated.

 

 

 

SIGNATURE PAGE TO FOLLOW

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 9 of 11

 

 

IN WITNESS WHEREOF, the Company and Employee have each executed
and delivered this Agreement as of the date first shown above.

 

	 	EMPLOYEE:
	 	 
	 	 
	 	(Signature)
	 	 
	 	THE COMPANY:
	 	 
	 	Numerex Corp
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 10 of 11

 

 

SCHEDULE
1

 

(a)       “Area”
means the means the geographic territory where Employee is working at the time of the termination of Employee’s employment
(which includes any area where any operations performed, supervised, or assisted in by Employee were conducted and any area where
customers or actively sought prospective customers of the Employer with whom Employee had Material Contact are present).

 

(b)       “Company
Information” means Confidential Information and Trade Secrets.

 

(c)       “Competitive
Activities”  means providing activities, products or services that are the same as or similar to the type of activities,
products or services of the Company that were conducted, authorized, offered or provided by the Company within two years prior
to the termination of Employee’s employment with the Company.

 

(d)       “Competitive
Products and Services” means activities, products or services that are the same as or similar to the type of activities,
products or services of the Company that were conducted, authorized, offered or provided by the Company within two years prior
to the termination of Employee’s employment with the Company.

 

(e)       
“Confidential Information” means data and information relating to the business of the Company (whether constituting
a Trade Secret or not) which is or has been disclosed to the Employee or of which the Employee became aware as a consequence of
or through his relationship with the Company and which has value to the Company and is not generally known to its competitors,
including but not limited to trade secrets, methods of operation, names of and records relating to customers, price limits, business
plans, business negotiations, market information, financial or cost information and projections, scientific and technical information,
route books, personnel data, and similar information (whether of the Company or entrusted to the Company by a third party under
a confidentiality agreement or mutual understanding). Confidential information shall not include any data or information which
has been voluntarily disclosed to the public by the Company (except where such disclosure has been made by Employee without authorization)
or that has been independently developed and disclosed to the general public by others, or otherwise entered the public domain
through lawful means.

 

(f)       “Inventions”
means discoveries, concepts, ideas, inventions, improvements, designs, formulas, processes, compositions of matter, computer software
programs, databases, mask works and Trade Secrets, and know-how related to all of the foregoing, whether or not patentable, relating
to any current or prospective activities of the Company created by Employee during the period of and within the scope of employment,
even if such Invention occurred prior to the execution of this Agreement.

 

(g)       “Material
Contact” means contact between Employee and any customer or potential customer with whom Employee dealt on behalf of the
Company; whose dealings were coordinated or supervised by Employee; about whom Employee obtained Confidential Information or Trade
Secrets; or who receives services from the Company that resulted in Employee receiving compensation, commissions, or earnings in
the two (2) years prior to Employee’s termination of employment from the Company.

 

(h)       “Trade
Secrets” means information of the Company, without regard to form, including, but not limited to, technical or nontechnical
data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial
plans, product or service plans or lists of actual or potential customers or suppliers which is not commonly known by or available
to the public and which information (i) derives 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; and (ii)
is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

 

     

     

    

 

Mrs. Kelly Gay

January 11, 2017

Page 11 of 11

 

(i)       “Works”
means all original works of authorship, material and information created by Employee during the period of and within the scope
of employment by the Company which is fixed or fixable in a tangible medium of expression, including, but not limited to, notes,
drawings, memoranda, correspondence, documents, records, notebooks, forms, spreadsheets, algorithms, processes, procedures, flow
charts, video, audio, graphics, artwork, music, computer programs, source code, object code, and combinations and mixtures of the
foregoing, regardless of the medium in which they are fixed now known or hereafter developed, even if such Works were created prior
to the execution of this Agreement.Exhibit 10.18

 

 

SEVERANCE AND CHANGE-IN-CONTROL AGREEMENT

 

This
Severance and Change-in-Control Agreement (this "Agreement") is effective as of March 6, 2017 (the "Effective Date"),
by and between Numerex Corp, a Pennsylvania corporation (the "Company") and Kelly Gay (the "Employee"). The
Company and the Employee are sometimes hereinafter referred to individually as a "Party" and collectively as the "Parties".

 

RECITALS

 

WHEREAS,
Employee currently serves as Chief Operating Officer of the Company; and

 

WHEREAS,
the Company has determined that it is in the best interests of the Company to assure that the Company will have the continued dedication
of the Executive, notwithstanding the possibility of his termination of employment with the Company or of a change in control of
the Company;

 

NOW
THEREFORE, in consideration of the covenants and promises set forth herein, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:

 

AGREEMENT

 

1.           Definitions.

 

1.1               "Cause"
shall be limited to the following specific events:

 

1.1.1           Gross
negligence or willful misconduct in the performance of Employee’s duties;

 

1.1.2           A
material or willful violation of federal or state law injurious to the business or reputation of the Company;

 

1.1.3           A
refusal or willful failure to act in accordance with any specific lawful direction or order of the Company;

 

1.1.4           A
substantive violation of Company's written policies as defined by Company;

 

1.1.5           A
commission of an act of fraud with respect to the Company; or

 

1.1.6           A
conviction of or pleading guilty to either a felony, or a crime causing material harm to the standing or reputation of the Company.

 

1.2               “Change
in Control” means the occurrence of any of the following:

 

1.2.1           The
consummation by the Company of a sale, transfer or assignment, in one transaction or a series of related transactions, of all
or substantially all of the assets of Company other than to one or more affiliates of Company or one or more entities owned by
stockholders of Company in substantially the same proportions as their stock ownership in Company;

 

     

     

    

 

1.2.2           Any
“person” (as the term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), excluding
affiliates of Company and employee benefit plans of Company and its affiliates, becomes the beneficial owner of more than 50% of
the outstanding voting stock of Company other than as the result of the direct purchase of securities from Company; or

 

1.2.3           The
consummation by Company of a merger or consolidation with or into any other entity, other than a merger or consolidation that results
in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving entity) more than fifty percent of the combined voting power of the
surviving entity immediately after such merger or consolidation.

 

1.3               “Good
Reason” means the existence of any of the following conditions (without Employee’s prior consent):

 

1.3.1           A
material diminution in Employee’s title, duties or responsibilities or base compensation; or

 

1.3.2           A
required relocation of Employee’s principal place of employment outside of 50 miles from the Company’s headquarters
immediately prior to the Change in Control.

 

Notwithstanding the foregoing
provisions of this Section 1.3, Good Reason shall only exist if the Company is provided with a 30-day period to cure the event
or condition giving rise to Good Reason, and it fails to do so within such 30-day cure period and Employee resigns from employment
within fifteen days following the end of the cure period.

 

2.           Termination
of Employment. If the Company shall terminate the Employee’s employment without Cause or the Employee shall terminate
his employment for Good Reason (as defined in Section 1), Employee shall be entitled to receive salary
and any other amounts due to Employee from the Company through the date of termination and, in addition, shall be entitled to receive
a severance in an amount equal to12 (twelve) months of base salary (the “Severance Amount”), less all required tax
withholdings and other applicable deductions, which amounts shall be paid out in equal installments in accordance with the Company's
regular payroll procedures.

 

3.           Change
in Control.

 

3.1               Notwithstanding
any other agreement to the contrary, if upon or within one (1) year following a Change in Control, as defined below, the Company
shall terminate the Employee’s employment without Cause (as defined in Section 1) or the Employee shall terminate his employment
for Good Reason (as defined in Section 1), within 60 days after termination of employment, the Company shall pay to Employee the
Severance Amount, less all required tax withholdings and other applicable deductions, as a one-time, lump sum payment.

 

3.2               In
the event of a Change in Control (as defined below), any outstanding compensatory equity award, to the extent not fully vested
by the date on which such Change in Control occurs, will become fully vested upon such Change in Control.

 

     

     

    

 

4.           General
Release of Claims. Employee shall not be entitled to the Severance Amount unless Employee shall have executed
and delivered to the Company a general release of claims, in such form as the Company shall specify, (the “Release”)
upon or after your termination of employment and such Release has become irrevocable not later than fifty-six (56) days after the
date of Employee’s termination of employment hereunder. Employee’s entitlement to the Severance Payment is further
conditioned upon the return of all Company property of the Company and any of its affiliates in Employee’s possession on
or prior to the date of termination of employment and complying with the terms of the Release. The Company will deliver to Employee
a copy of the Release not later than three days after Employee’s termination of employment.

 

5.           Employment
At-Will. Notwithstanding anything to the contrary in this Agreement, Employee acknowledges and agrees that Employee’s
employment relationship with the Company is at will and may be terminated by Employee or the Company at any time, with or without
cause or notice.

 

6.           Assignment.
This Agreement is personal in nature and may not be assigned by Employee.

 

7.           Choice
of Law. This Agreement will be governed by and construed in accordance with the laws of the State of Georgia, without regard
to conflicts of laws principles. Any suit, action or proceeding to determine, construe or enforce any provision of this Agreement,
or the rights of either Party hereunder, shall be brought in Cobb County, Georgia, and the Parties agree that jurisdiction shall
lie therein.

 

8.           Waiver;
Amendment. No waiver in any instance by any party of any provision of this Agreement shall be deemed a waiver of such provision
in any other instance or a waiver of any other provision hereunder in any instance. This Agreement cannot be modified except in
writing signed by the Party to be charged.

 

9.           No
Third Party Beneficiary Right. This Agreement and its terms and provisions shall not confer any rights or remedies upon any
person, other than the Parties and their respective successors and permitted agents.

 

10.          Notices.
Any notice or communication under this Agreement will be in writing and sent by personal delivery or by overnight, registered or
certified mail addressed to the Parties as set forth in the signature block below, or at such other address, or agent as may hereafter
be designated in writing by such other Party. All such notices will be deemed given on the date personally delivered or mailed.

 

11.          Severability.
The Parties agree that each of the provisions included in this Agreement is separate, distinct, and severable from the other and
remaining provisions of this Agreement, and that the invalidity or unenforceability of any provision shall not affect the validity
or enforceability of any other provision or provisions of this Agreement. Further, if any provision of this Agreement is ruled
invalid or unenforceable by a court of competent jurisdiction because of a conflict between such provision and
any applicable law or public policy, such provision or portion thereof shall be modified or
deleted in such a manner as to make this Agreement legal
and enforceable to the fullest extent permitted under applicable law.

 

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

 

     

     

    

 

13.         Entire
Agreement. This Agreement, together with the terms set forth in the offer letter dated January 17, 2017, constitute
the entire agreement and understanding between the Parties in relation to the subject matter hereof and there are no promises,
representations, conditions, provisions or terms related thereto other than those set forth herein and therein. The Parties have
each negotiated the terms hereof and carefully reviewed this Agreement.

 

SIGNATURE PAGE TO FOLLOW

 

     

     

    

 

IN WITNESS
WHEREOF, the Parties have executed this Agreement as of the Effective Date.

 

	 	COMPANY:
	 	 
	 	NUMEREX CORP.
	 	 
	 	 	Signature:	 
	 	 	 	 
	 	 	Title:	 
	 	 	 	 
	 	KELLY GAY
	 	 	 	 
	 	 	Signature:	 
	 	 	 	 
	 	 	Print:

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