Document:

Exhibit 10.4

 

Final Form

 

EXHIBIT B

 

FORM OF

 

CONSULTING SERVICES AGREEMENT 

 

BY AND BETWEEN 

 

HIGH TIMES MEDIA CORPORATION 

 

AND 

 

OREVA CAPITAL CORPORATION 

 

Effective as of ________, 2017

 

    

     

    

 

THIS CONSULTING SERVICES AGREEMENT effective
as of __________, 2017 (the “Commencement Date”) by and between HIGH TIMES MEDIA CORPORATION,
a Nevada corporation, formerly known as Origo Acquisition Corporation, a Cayman Island corporation (the “Company”),
and OREVA CAPITAL CORP., a Delaware corporation (the “Consultant”). Each party hereto shall
be referred to as, individually, a “Party” and, collectively, the “Parties.”

 

WHEREAS, the Company has determined
that it would be in its best interests to appoint the Consultant to perform the Services described herein and have agreed, therefore,
to appoint the Consultant to perform such Services; and

 

WHEREAS, the Consultant has agreed
to act as Consultant and to perform the Services described herein on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the mutual covenants, representations, warranties and agreements contained herein, and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereto agree
as follows:

 

ARTICLE I 

 

DEFINITIONS 

 

Section 1.1 Definitions.

 

Except as otherwise noted, for all purposes
of this Agreement, the following terms shall have the respective meanings set forth in this Section 1.1, which meanings shall apply
equally to the singular and plural forms of the terms so defined and the words “herein,” “hereof’ and “hereunder”
and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision:

 

“Affiliate” means,
with respect to any Person, (i) any Person directly or indirectly controlling, controlled by or under common control with such
Person or (ii) any officer, director, general member, member or trustee of such Person. For purposes of this definition, the terms
“controlling,” “controlled by” or “under common control with” shall mean, with respect to any
Persons, the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract or otherwise, or the power to elect at least 50% of the
directors, managers, general members, or Persons exercising similar authority with respect to such Person.

 

“Agreement” has
the meaning set forth in the preamble of this Agreement.

 

“Board of Directors”
means, with respect to the Company, the Board of Directors of the Company, or any committee thereof that has been duly authorized
by the Board of Directors to make a decision on the mailer in question or bind the Company, as to the matter in question.

 

“Business Day”
means any day other than a Saturday, a Sunday or a day on which banks in The City of New York are required, permitted or authorized,
by applicable law or executive order, to be closed for regular banking business.

 

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“Chief Executive Officer”
means the Chief Executive Officer of the Company, including any interim Chief Executive Officer.

 

“Chief Financial Officer”
means the Chief Financial Officer of the Company, including any interim Chief Financial Officer.

 

“Commencement Date”
means the date of execution and delivery of this Agreement.

 

“Company” has
the meaning set forth in the preamble of this Agreement.

 

“Company Officers”
means the Chief Executive Officer and the Chief Financial Officer and any other officer of the Company hereinafter appointed by
the Board of Directors of the Company.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Federal Securities Laws”
means, collectively, the Securities Act, the Exchange Act and the rules and regulations promulgated thereunder.

 

“Fiscal Quarter”
means the Company’s fiscal quarter for purposes of its reporting obligations under the Exchange Act.

 

“Fiscal Year”
means the Company’s fiscal year for purposes of reporting its income for federal income tax purposes.

 

“GAAP” means
generally accepted accounting principles in effect in the United States, consistently applied.

 

“Guaranty” shall
mean the Guarantee of each of the members of the High Times Group (other than the Company) annexed hereto as Exhibit A and made
a part hereof.

 

“Indebtedness”
means, with respect to any Person, (i) any liability for borrowed money, or under any reimbursement obligation relating to a letter
of credit, (ii) all indebtedness (including bond, note, debenture, purchase money obligation or similar instrument) for the acquisition
of any businesses, properties or assets of any kind (other than property, including inventory, and services purchased, trade payables,
other expenses accruals and deferred compensation items arising in the Ordinary Course of Business), (iii) all obligations under
leases that have been or should be, in accordance with GAAP, recorded as capital leases, (iv) any liabilities of others described
in the preceding clauses (i) to (iii) (inclusive) that such Person has guaranteed or that is otherwise its legal liability, and
(v) (without duplication) any amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of
the types referred to in clauses (i) through (iv) above.

 

“Indemnified Parties”
has the meaning set forth in Article X hereof.

 

“Independent Director”
means a director who (i)(a) is not an officer or employee of the Company, or an officer, director or employee of any of the Subsidiaries
of the Company or their Subsidiaries, (b) was not appointed as a director pursuant to the terms of this Agreement and (c) is not
affiliated with the Consultant or any of its Affiliates, and (ii) satisfies the independence requirements under the Exchange Act
and the rules and regulations of the Qualified Stock Exchange.

 

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“High Times Group”
shall mean the collective reference to the direct and indirect Subsidiaries of the Company, now existing or hereafter acquired
or created, including Hightimes Holding Corp., a Delaware corporation (“HTH”) and Trans-High
Corporation, a New York corporation (“THC”) and the Subsidiaries of THC.

 

“Consulting Fee”
has the meaning set forth in Section 7.2(a) hereof.

 

“Consultant”
has the meaning set forth in the preamble of this Agreement.

 

“Party” and “Parties”
have the meaning set forth in the preamble of this Agreement.

 

“Person” means
any individual, company (whether general or limited), limited liability company, corporation, trust, estate, association, nominee
or other entity.

 

“Qualified Stock Exchange”
means any one or more of the New York Stock Exchange, the Nasdaq Capital Market, the National Market, the NYSE MKT or the Toronto
Stock Exchange, including the Toronto Venture Exchange (or any successor thereto).

 

“Securities Act”
means the Securities Act of 1933, as amended.

 

“Services” has
the meaning set forth in Section 3.1(b) hereof.

 

“Subsidiary”
means, with respect to any Person, any corporation, company, joint venture, limited liability company, association or other Person
in which such Person owns, directly or indirectly, more than 50% of the outstanding voting equity securities or interests, the
holders of which are generally entitled to vote for the election of the Board of Directors or other governing body of such Person.

 

“Term” shall
mean the period of time calculated from the Commencement Date and continuing through and including the expiration of the last day
of the thirty-six (36) consecutive month following the Commencement Date.

 

“Termination Fee”
shall mean a payment to the Consultant of an aggregate of $280,000, payable in eight monthly installments as provided in Section
8.4.

 

“Termination Fee Date”
shall mean the first date of the occurrence on any event contemplated by Section 8.2(a) or (b) as a result of which a Termination
Fee shall be payable to the Manger.

 

ARTICLE II

 

APPOINTMENT OF THE MANAGER 

 

Section 2.1 Appointment 

 

The Company hereby agrees to, and hereby
does, appoint the Consultant to perform the Services as set forth in Section 3.1 herein and in accordance with the terms of this
Agreement.

 

Section 2.2 Term 

 

The Consultant shall provide Services to
the Company from the Commencement Date until the expiration of the Term of this Agreement, unless this Agreement shall be sooner
terminated in accordance with Article VIII hereof.

 

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ARTICLE III 

 

OBLIGATIONS OF THE PARTIES 

 

Section 3.1 Obligations of the Consultant 

 

(a)               Subject always to the oversight
and supervision of the Board of Directors of the Company and the terms and conditions of this Agreement, the Consultant shall during
the term of this Agreement (i) perform the Services as set forth in Section 3.1(b) below and (ii) comply with the operational objectives
and business plans of the Company in existence from time to time. The Company shall promptly provide the Consultant with all amendments
to stated operational objectives and business plans of the Company approved by the Board of Directors of the Company and any other
available information reasonably requested by the Consultant.

 

(b)               The
Consultant agrees and covenants that it shall perform the following services (as may be modified from time to time pursuant to
Section 3.3 hereof, the “Services”):

 

(i)        providing
administrative services, including recommendations to the Company’s Board of Directors of the engagement of or, with
the approval of the Board of Directors, engaging agents, consultants or other third party service providers to the Company, including
accountants, lawyers, registered investment advisers or experts, in each case, as may be necessary by the Company from time to
time;

 

(ii)       as
authorized from time to time by the Board of Directors, dealing with investment bankers, investor relations consultants and other
members of the investment community;

 

(iii)      identify,
evaluate, manage, perform due diligence on, negotiate and providing assistance to the Company Board of Directors in connection
with the acquisitions of target businesses by the High Times Group; provided, that the Consultant shall not advise the Company
as to whether or not such acquisitions shall be structured as asset acquisitions or the acquisition of securities or otherwise
and all such determinations will be made by the Company based on legal, tax and other considerations and the advice of the Company’s
accounting, legal and other advisors;

 

(iv)      evaluate,
manage, negotiate and providing assistance to the Company Board of Directors in the disposition of all or any part of the property
or assets of the High Times Group, including dispositions of all or any part of the Company’s direct or indirect Subsidiaries;
provided, that the Consultant shall not advise the Company as to whether or not such dispositions shall be structured as
asset sales or the sales of securities or otherwise and all such determinations will be made by the Company based on legal, tax
and other considerations and the advice of the Company’s accounting, legal and other advisors;

 

(iv)      evaluating
and assisting in negotiations with various financing sources for the High Times Group, including
bankers and others providing debt and/or equity financings for the High Times Group;

 

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(v)       recommendations
to the Company’s Board of Directors as to (x) the entry into credit facilities or other credit arrangements, structured financings
or other capital market transactions to the extent consistent with this Agreement, (y) changes or other modifications in the capital
structure of the Company, including repurchases; and 

 

(vi)      subject
to the other provisions of this Agreement, perform any other services for and on behalf of the Company as requested by the Board
of Directors to the extent that such services are consistent with those that are customarily performed by consultants to or executive
officers of a publicly listed or quoted Person.

 

(c)              
In connection with the performance of its obligations under this Agreement, the Consultant shall report initially to the Chief
Executive Officer of the Company and if Services are authorized by the Chief Executive Officer to be performed by the Consultant,
thereafter the Consultant shall report to the Board of Directors. Prior to entering into any commitment or agreement on behalf
of the Company or any other member of the High Times Group, the Consultant shall be required to obtain authorization and approval
of the Company’s Chief Executive Officer and the Board of Directors in accordance with the Company’s internal policies
regarding action requiring Board of Directors approval, as otherwise required by any such Board of Directors (or any applicable
committee thereof) or the Company’s officers or as otherwise required by applicable law.

 

(d)               In
connection with the performance of the Services under this Agreement, the Consultant shall have all necessary power and authority
as delegated to it by the Chief Executive Officer and Board of Directors, to perform, or cause to be performed, such Services on
behalf of the Company.

 

(e)               In
connection with the performance of its obligations under this Agreement, the Consultant is not permitted to, and nothing in this
Agreement shall require the Consultant to, engage in any activities that would cause it to become an “investment adviser”
as defined in Section 202(a)(11) of the Investment Advisers Act, or any successor provision thereto. It is expressly acknowledged
and agreed by the Company that the Consultant shall not advise the Company as to the value of securities or as to the advisability
of investing in, purchasing, or selling securities.

 

(f)                While
the Consultant is providing the Services under this Agreement, the Consultant shall also be permitted to provide services, including
services similar to the Services covered hereby, to other Persons, including Affiliates of the Consultant. This Agreement and the
Consultant’s obligation to provide the Services under this Agreement shall not create an exclusive relationship between the
Consultant and its Affiliates, on the one hand, and the Company and its Subsidiaries, on the other.

 

Section 3.2 Obligations of the Company 

 

(a)               The
Company shall do all things reasonably necessary on its part as requested by the Consultant consistent with the terms of this Agreement
to enable the Company to fulfill its obligations under this Agreement.

 

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(b)               The
Company shall take reasonable steps to ensure that:

 

    (i) its officers and employees
act in accordance with the terms of this Agreement and the reasonable directions of the Consultant in fulfilling the Consultant’s
obligations hereunder and allowing the Consultant to exercise its powers and rights hereunder; and

 

    (ii) the Company provide
to the Consultant all reports (including monthly management reports and all other relevant reports), which the Consultant may reasonably
require and on such dates as the Consultant may reasonably require.

 

(c)               Without
the prior written consent of the Consultant, the Company shall not amend any provision of the LLC Agreement that adversely affects,
either directly or indirectly, the rights of the Consultant hereunder.

 

(d)               The
Company agrees that, in connection with the performance by the Consultant of its obligations hereunder, the Consultant may recommend
to the Company, and may engage in, transactions with any of the Company; provided, that any such transactions shall be subject
to the authorization and approval of the Company’s Board of Directors and its nominating and corporate governance committees.
In such connection, the Company acknowledges that Adam E. Levin has been appointed as the Chief Executive Officer and a member
of the Board of Directors of the Company and that other Affiliates of the Consultant are or may become employed by or become members
of the Board of Directors of the Company. Such Affiliates of the Consultant may receive remuneration or compensation from the High
Times Group, whether in cash or in stock incentive awards, to the extent that such remuneration or compensation shall be authorized
and approved by the disinterested members of the Board of Directors of the Company and its nominating and corporate governance
committees. Any such approved remuneration or compensation shall not reduce or otherwise limit the Consultant’s right to
receive the Consulting Fee hereunder.

 

(e)               The
Company shall maintain a Board of Directors consisting of a majority of Independent Directors.

 

(f)               Simultaneous
with the execution and delivery of this Agreement, the Company shall cause each of HTH, THC to execute and deliver to the Consultant
the Guaranty.

 

(g)              The
Company shall take any and all actions necessary to ensure that it does not become an “investment company” as defined
in Section 3(a)(l) of the Investment Company Act, or any successor provision thereto.

 

Section 3.3 Change of Services 

 

(a)               The
Company and the Consultant shall have the right at any time during the term of this Agreement to change the Services provided by
the Consultant and such changes shall in no way otherwise affect the rights or obligations of any Party hereunder.

 

(b)               Any
change in the Services shall be authorized in writing and evidenced by an amendment to this Agreement, as provided in Section 12.9
hereof. Unless otherwise agreed in writing, the provisions of this Agreement shall apply to all changes in the Services.

  

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ARTICLE IV 

 

POWERS OF THE CONSULTANT 

 

Section 4.1 Powers of the Consultant 

 

(a)               The Consultant shall have no
power to enter into any contract for or on behalf of the Company or otherwise subject it to any obligation, such power to be the
sole right and obligation of the Company, acting through its Board of Directors and/or the Company Officers.

 

(b)               Subject
to Section 4.2 and for purposes other than to delegate its duties and powers to perform the Services hereunder, the Consultant
shall have the power to engage any agents (including real estate agents and managing agents), valuers, contractors and advisors
(including accounting, financial, tax and legal advisors) that it deems necessary or desirable in connection with the performance
of its obligations hereunder, which costs therefor shall be subject to reimbursement in accordance with Section 7.3 hereto.

 

Section 4.2 Delegation 

 

The Consultant may delegate or appoint:

 

(a)               Any
of its Affiliates as its agent, at its own cost and expense, to perform any or all of the Services hereunder; or

 

(b)               with
the prior written consent of the Chief Executive Officer or the Board of Directors, any other Person, whether or not an Affiliate
of the Consultant, as its agent, at its own cost and expense, to perform those Services hereunder which, in the sole discretion
of the Consultant, are not critical to the ability of the Consultant to satisfy its obligations hereunder; provided, however,
that, in each case, the Consultant shall not be relieved of any of its obligations or duties owed to the Company hereunder as a
result of such delegation. The Consultant shall be permitted to share Company information with its appointed agents subject to
appropriate and reasonable confidentiality arrangements. For the avoidance of doubt, any reference to Consultant herein shall include
its delegates or appointees pursuant to this Section 4.2.

 

Section 4.3 Consultant’s Obligations, Duties and Powers
Exclusive 

 

The Company agrees that during the term
of this Agreement, the obligations, duties and powers imposed on and granted to the Consultant under Article III and this Article
IV are to be performed or held exclusively by the Consultant or its Affiliates and delegates and the Company shall not, through
the exercise of the powers of their employees, Boards of Directors or their shareholders, as the case may be, perform any of the
Services except in circumstances where it is necessary to (a) enable the Board of Directors to manage the businesses of the High
Times Group, or (b) comply with the fiduciary obligations to the High Times Group imposed upon such Persons, or (c) comply with
applicable law.

 

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ARTICLE V 

 

INSPECTION OF RECORDS 

 

Section 5.1 Books and Records of the Company 

 

At all reasonable times and on reasonable
notice, the Consultant and any Person authorized by the Consultant shall have access to, and the right to inspect, for any reasonable
purpose, during the term of this Agreement and for a period of three (3) years after termination hereof, the books, records and
data stored in computers and all documentation of the Company pertaining to all Services performed by the Consultant or the Consulting
Fee to be paid by the Company to the Consultant, in each case, hereunder. There shall be no cost or expense charged by any Party
to another Party pursuant to the exercise of rights under this Section 5.1.

 

Section 5.2 Books and Records of the Consultant 

 

At all reasonable times and on reasonable
notice, any Person authorized by the Company shall have access to, and the right to inspect the books, records and data stored
in computers and all documentation of the Consultant pertaining to all Services performed by the Consultant or the Consulting Fee
to be paid by the Company to the Consultant, in each case, hereunder. There shall be no cost or expense charged by any Party to
another Party pursuant to the exercise of rights under this Section 5.2.

 

ARTICLE VI 

 

AUTHORITY OF THE COMPANY

AND THE CONSULTANT 

 

Each Party represents to the others that
it is duly authorized with full power and authority to execute, deliver and perform its obligations and duties under this Agreement.
The Company represents that the engagement of the Consultant has been duly authorized by the Board of Directors of the Company
and is in accordance with all governing documents of the Company.

 

ARTICLE VII 

 

CONSULTING FEE; EXPENSES 

 

Section 7.1 Monthly Consulting Fee 

 

During
the Term of this Agreement and in consideration for the Consultant performing the Services,
the High Times Group agrees to compensate the Consultant for such Services rendered hereunder
by the payment in cash to the Consultant of a consulting fee, payable in advance on the first day of the month commencing
immediately following the Commencement Date (the “Monthly Consulting Fee”) which shall be equal to Thirty
Five Thousand ($35,000) Dollars per month. Notwithstanding the foregoing, at the option of the Consultant (by written notice given
to the Company on or before January 1st of any one or more calendar year commencing in 2018 (each, an “Anniversary
Year”) all or any portion of the Monthly Consulting Fee may be deferred and paid, in the form of shares of Company
common stock (the “Share Purchase Option”). Such Share Purchase Option shall entitle the Consultant or
its Affiliates to purchase additional shares of Company common stock at a per share purchase price equal to 100% of the closing
price of High Times common stock, as traded on a Qualified Stock Exchange as at December 31 of the Anniversary Year in question.

  

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Section 7.2 Expenses. 

 

The Company shall, upon request from time
to time, promptly reimburse the Consultant for its reasonable travel and other out-of-pocket expenses, all
of which shall be required to be preapproved per electronic mail transmission or
in writing by the Board of Directors incurred in connection with the Consultant’s execution of the
Services. Such preapproved expenses will be reimbursed
no less than five (5) business days after the High Times Group’s receipt of an invoice(s)
detailing such preapproved expenses incurred by the Consultant. Any such reimbursement
shall be made in U.S. dollars by wire transfer in immediately available funds to an account or accounts designated by the Consultant
from time to time.

 

Section 7.3 Taxes.

 

Consultant shall be responsible for paying
any and all income taxes imposed upon any remuneration it receives under this Agreement. If, as a result of Consultant’s
failure or refusal to pay any tax, any taxing authority seeks to recover any taxes, penalties, interest, fees, or costs (“Losses”)
from the Company, Consultant shall defend and indemnify the Company for any such Losses.

 

ARTICLE VIII 

 

TERMINATION; RESIGNATION AND REMOVAL
OF THE MANAGER 

 

Section 8.1 Resignation by the Consultant 

 

The Consultant may resign and terminate
this Agreement at any time with 90 days’ prior written notice to the Company, which right shall not be contingent upon the
finding of a replacement manager. However, if the Consultant resigns, until the date on which the resignation becomes effective,
the Consultant shall, upon request of the Company’s Board of Directors, use reasonable efforts to assist the Company’s
Board of Directors to find a replacement manager at no cost and expense to the Company.

 

Section 8.2 Removal of the Consultant 

 

The Company’s Board of Directors
may terminate this Agreement and the Consultant’s appointment if, at any time;

 

(a)               the
Consultant materially breaches the terms of this Agreement and such breach continues unremedied for sixty (60) days after the Consultant
receives written notice from the Company setting forth the terms of such breach, or (ii) the Consultant (x) acts with gross negligence,
willful misconduct, bad faith or reckless disregard in performing its duties and obligations under this Agreement or (y) engages
in fraudulent or dishonest acts in connection with the business and operations of the Company; or

 

(b)               the
holders of at a majority of the then-outstanding shares of capital stock of the Company entitled to vote shall vote to terminate
this Agreement; or

 

(c)               there
is a finding by the Securities and Exchange Commission or a court of competent jurisdiction, that the Consultant has engaged in
securities fraud or another material violation of Federal or State securities laws; or

 

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(d)               Consultant
engages in: (x) fraudulent or dishonest acts in connection with the business or operations of the Company or (y) gross negligence,
willful misconduct, bad faith or reckless disregard in performing its duties and obligations under this Agreement.

 

Section 8.3 Termination 

 

This Agreement shall terminate upon the
resignation or removal of the Consultant in accordance with Sections 8.1 or 8.2 hereof.

 

Section 8.4 Termination Fee 

 

(a) Notwithstanding anything in this Agreement
to the contrary, the fees, costs and expenses payable to the Consultant pursuant to Article VIII hereof shall be payable to the
Consultant upon, and with respect to, the termination of this Agreement pursuant to this Article VIII. All payments made pursuant
to this Section 8.4(a) shall be made in accordance with Article VII hereof.

 

(b) Upon termination of this Agreement
pursuant to the events set forth in Section 8.2(b) hereof, the Company shall pay the Termination Fee to the Consultant. The Termination
Fee shall be payable in eight (8) equal monthly installments, with the first such installment being paid on or within five (5)
Business Days of the last day of the month in which the Termination Fee Date occurs and each subsequent installment being paid
on or within five (5) Business Days of the last day of each subsequent month, until such time as the Termination Fee is paid in
full to the Consultant. Any payments made pursuant to this Section 8.4(b) shall be made in U.S. dollars by wire transfer in immediately
available funds to an account or accounts designated by the Consultant from time to time.

 

(c) no Termination Fee shall be due or
payable by the Company to the Consultant upon termination of this Agreement pursuant to any of the events set forth in Section
8.2(a), (c) or (d) hereof, inclusive.

 

ARTICLE IX 

 

MUTUAL INDEMNITY 

 

Section 9.1 Indemnity 

 

(a)  The
Company shall indemnify reimburse, defend and hold harmless the Consultant and its Affiliates, successors and permitted assigns,
together with their respective employees, officers, members, managers, directors, agents and representatives (collectively the
“Consultant Indemnified Parties”), from and against all losses (including lost profits), costs, damages,
injuries, taxes, penalties, interests, expenses, obligations, claims and liabilities (joint or severable) of any kind or nature
whatsoever (collectively “Losses”) that are incurred by such Consultant Indemnified Parties in connection
with, relating to or arising out of (i) the breach of any term or condition of this Agreement, or (ii) the performance of any Services
hereunder; provided, however, that the Company shall not be obligated to indemnify, reimburse, defend or hold harmless any
Consultant Indemnified Party for any Losses incurred, by such Indemnified Party in connection with, relating to or arising out
of any event contemplated by Section 8.2(a), (c) or (d) of this Agreement.

 

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 (b)      The Consultant shall indemnify
reimburse, defend and hold harmless the Company and its Affiliates, successors and permitted assigns, together with their respective
employees, officers, members, managers, directors, agents and representatives (collectively the “Company Indemnified
Parties”), from and against all losses (including lost profits), costs, damages, injuries, taxes, penalties, interests,
expenses, obligations, claims and liabilities (joint or severable) of any kind or nature whatsoever (collectively “Losses”)
that are incurred by such Indemnified Parties in connection with, relating to or arising out of (i) the material breach of any
term or condition of this Agreement, or (ii) the performance of any Services hereunder; provided, however, that the Consultant
shall not be obligated to indemnify, reimburse, defend or hold harmless any Company Indemnified Party for any Losses incurred,
by such Company Indemnified Party, unless Consultant shall be liable pursuant to Section 10.1 of this Agreement and the provisions
of any one or more of Section 8.2(a), (c) or (d) shall be applicable..

 

(c)       Each
of the Company or the Consultant, as applicable (the “Indemnifying Party”), and will promptly reimburse the
other party or its Affiliates (the “Indemnified Parties”) for all expenses (including reasonable fees and expenses
of legal counsel) as incurred in connection with the investigation of, preparation for or defense of any pending or threatened
Claim related to or arising in any manner out of any Matter contemplated by the engagement of the Consultant hereunder, or any
action or proceeding arising there from (collectively, “Proceedings”), whether or not such Indemnified Party
is a formal party to any such Proceeding. Such right and entitlement to indemnification hereunder shall include the right of any
Indemnified Party to select, consult with, retain and be represented, at the expense of Company, by such legal counsel as the Indemnified
Party, in its sole and absolute discretion, may determine. The Indemnifying Party further agrees that it will not, without the
prior written consent of the Indemnified Party settle compromise or consent to the entry of any judgment in any pending or threatened
proceeding in respect of which indemnification may be sought hereunder (whether or not any Indemnified Party is an actual or potential
party to such Proceeding), unless such settlement, compromise or consent includes an unconditional release of each Indemnified
Party hereunder from all liability arising out of such proceeding.

 

(d)       In
order to provide for just and equitable contribution in any case in which (i) an Indemnified Party is entitled to indemnification
pursuant to this Agreement but it is judicially determined by the entry of a final judgment decree by a court of competent jurisdiction
and the time to appeal has expired or the last right of appeal has been denied) that such indemnification may not be enforced in
such case, or (ii) contribution may be required by the Indemnifying Party in circumstances for which an Indemnified Party is otherwise
entitled to indemnification under the Agreement, then, and in each such case, Indemnifying Party shall contribute to the aggregate
losses, Losses, damages and/or liabilities in an amount equal to the amount for which indemnification was held unavailable. Notwithstanding
the foregoing, the Consultant shall not be obligated to contribute any amount hereunder that exceeds the amount of fees previously
received by the Consultant pursuant to this Agreement.

 

(e)       The
indemnity, reimbursement and contribution provisions set forth herein shall remain operative and full force and effect regardless
of (i) any withdrawal, termination or consummation of or failure to initiate or consummate any Matter referred to herein, (ii)
any investigation made by or on behalf of any party hereto or any person controlling (within the meaning of Section 15 of the Securities
act of 1933 as amended, or Section 20 of the Securities Exchange Act of 1934, as amended) any party hereto, (iii) any termination
or the completion or expiration of this Consulting Services Agreement with Oreva and (iv) whether or not Oreva shall, or shall
not be called upon to, render any formal or informal advice in the course of such engagement.

 

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(f)        The
rights of any Indemnified Party referred to above shall be in addition to any rights that such Indemnified Party shall otherwise
have at law or in equity.

 

(g)       Without
the prior written consent of the Indemnifying Party, no Indemnified Party shall settle, compromise or consent to the entry of any
judgment in, or otherwise seek to terminate any, claim, action, proceeding or investigation in respect of which indemnification
could be sought hereunder unless (a) such Indemnified Party indemnifies the Indemnifying Party from any liabilities arising out
of such claim, action, proceeding or investigation, (b) such settlement, compromise or consent includes an unconditional release
of the Indemnifying Party and Indemnified Party from all liability arising out of such claim, action, proceeding or investigation
and (c) the parties involved agree that the terms of such settlement, compromise or consent shall remain confidential.

 

Section 9.2 Insurance 

 

The Company agrees that it shall maintain
adequate insurance in support of its indemnity obligations set forth in this Article IX.

 

ARTICLE X

 

LIMITATION OF LIABILITY OF THE CONSULTANT

 

Section 10.1 Limitation of Liability 

 

The Consultant shall not be liable for,
and the Company shall not take, or permit to be taken, any action against the Consultant to hold the Consultant liable for, any
error of judgment or mistake of law or for any Loss suffered by the Company or its in connection with the performance of the Consultant’s
duties under this Agreement, except for a Loss resulting from the gross negligence, willful misconduct, bad faith or reckless disregard
on the part of the Consultant in the performance of its duties and obligations under this Agreement, or its fraudulent or dishonest
acts with respect to the Company or any of its Subsidiaries.

 

Section 10.1 Reliance of Consultant 

 

The Consultant may take and may act and
rely upon:

 

(a)               the
opinion or advice of legal counsel, which may be in-house counsel to the Company or the Consultant, any U.S.-based law firm, or
other legal counsel reasonably acceptable to the Board of Directors of the Company, in relation to the interpretation of this Agreement
or any other document (whether statutory or otherwise) or generally in connection with the Company;

 

(b)               advice,
opinions, statements or information from bankers, accountants, auditors, valuation consultants and other Persons consulted by the
Consultant who are in each case believed by the Consultant in good faith to be expert in relation to the matters upon which they
are consulted;

 

    12

     

    

 

(c)               a
document which the Consultant believes in good faith to be the original or a copy of an appointment by the Trust in respect of
any Trust Interest or holder of a Trust Certificate in respect of a share of Trust Shares of a Person to act as such Person’s
agent for any purpose connected with the Company; and

 

(d)               any
other document provided to the Consultant in connection with the Company upon which it is reasonable for the Consultant to rely.

 

The Consultant shall not be liable for anything done, suffered
or omitted by it in good faith in reliance upon such opinion, advice, statement, information or document.

 

ARTICLE XI 

 

LEGAL ACTIONS 

 

Section 11.1 Third Party Losses 

 

(a)               The
Consultant shall notify the Company promptly of any claim made by any third party in relation to the assets of the Company and
shall send to the Company any notice, claim, summons or writ served on the Consultant concerning the Company.

 

(b)               The
Consultant shall not, without the prior written consent of the Board of Directors of the Company, purport to accept or admit any
claims or liabilities of which it receives notification pursuant to Section 11.1(a) above on behalf of the Company or make any
settlement or compromise with any third party in respect of the Company.

 

ARTICLE XII 

 

MISCELLANEOUS 

 

Section 12.1 Obligation of Good Faith; No Fiduciary Duties

 

The Consultant shall perform its duties
under this Agreement in good faith and for the benefit of the Company. The relationship of the Consultant to the Company is as
an independent contractor and nothing in this Agreement shall be construed to impose on the Consultant an express or implied fiduciary
duty.

 

Section 12.2 Binding Effect 

 

This Agreement shall be binding upon, shall
inure to the benefit of and be enforceable by the Parties hereto and their respective successors and permitted assigns.

 

Section 12.3 Compliance 

 

The Consultant shall (and must ensure
that each of its officers, agents and employees) comply with any law, including the Federal Securities Laws and the securities
laws of any applicable jurisdiction and the Qualified Stock Exchange (or any successors thereto) rules and regulations, in each
case, as in effect from time to time, to the extent that it concerns the functions of the Consultant under this Agreement.

 

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Section 12.4 Effect of Termination 

 

This Agreement shall be effective as of
the date first above written and shall continue in full force and effect thereafter until termination hereof in accordance with
Article IX. The obligations of the Company set forth in Articles VII, VIII, IX and Sections 10.1, 12.5, 12.9 and 12.17 hereof and
the obligations of the other members of the High Times Group set forth in the Guaranty shall survive such termination of this Agreement,
subject to applicable law.

 

Section 12.5 Notices 

 

Any notice or other communication required
or permitted under this Agreement shall be deemed to have been duly given (i) five (5) Business Days following deposit in the mails
if sent by registered or certified mail, postage prepaid, (ii) when sent, if sent by facsimile transmission, if receipt thereof
is confirmed by telephone, (iii) when delivered, if delivered personally to the intended recipient and (iv) two (2) Business Days
following deposit with a nationally recognized overnight courier service, in each case addressed as follows:

 

If to the Company, to:

  

High Times Media Corporation

5520 Wilshire Boulevard

Los Angeles, CA 90036

Attn: Chief Financial Officer

 

If to the Consultant, to:

  

Oreva Capital Corp.

PMB 140

422 Carr 693 Ste 1

Dorado, Puerto Rico 00646-4817

Tel: (310) 774-0100

Attn.: Adam E. Levin, President and CEO

 

or to such other address or facsimile number as any such Party
may, from time to time, designate in writing to all other Parties hereto, and any such communication shall be deemed to be given,
made or served as of the date so delivered or, in the case of any communication delivered by mail, as of the date so received.

 

Section 12.6 Headings 

 

The headings in this Agreement are included
for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction
or effect.

 

Section 12.7 Applicable Law 

 

This Agreement, the legal relations between
and among the Parties and the adjudication and the enforcement thereof shall be governed by and interpreted and construed in accordance
with the laws of the State of California, without regard to the conflicts of law provisions thereof to the extent such principles
or rules would require or permit the application of the laws of another jurisdiction.

 

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Section 12.8 Submission to Jurisdiction; Waiver of Jury Trial

 

Each of the Parties hereby irrevocably
acknowledges and consents that any legal action or proceeding brought with respect to any of the obligations arising under or relating
to this Agreement may be brought in the courts of the State of California, County of Los Angeles or in the United States District
Court for the Southern District of California and each of the Parties hereby irrevocably submits to and accepts with regard to
any such action or proceeding, for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction
of the aforesaid courts. Each Party hereby further irrevocably waives any claim that any such courts lack jurisdiction over such
Party, and agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement or the transactions contemplated
hereby brought in any of the aforesaid courts, that any such court lacks jurisdiction over such Party. Each Party irrevocably consents
to the service of process in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage
prepaid, to such party, at its address for notices set forth in Section 12.5 hereof; such service to become effective ten (10)
days after such mailing. Each Party hereby irrevocably waives any objection to such service of process and further irrevocably
waives and agrees not to plead or claim in any action or proceeding commenced hereunder or under any other documents contemplated
hereby that service of process was in any way invalid or ineffective. The foregoing shall not limit the rights of any Party to
serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general
consents to service of process in the State of California for any purpose except as provided above and shall not be deemed to confer
rights on any Person other than the respective Parties.

 

Each of the Parties hereby waives any right
it may have under the laws of any jurisdiction to commence by publication any legal action or proceeding with respect this Agreement.
To the fullest extent permitted by applicable law, each of the Parties hereby irrevocably waives the objection which it may now
or hereafter have to the laying of the venue of any suit, action or proceeding arising out of or relating to this Agreement in
any of the courts referred to in this Section 12.8 and hereby further irrevocably waives and agrees not to plead or claim that
any such court is not a convenient forum for any such suit, action or proceeding.

 

The Parties agree that any judgment obtained
by any Party or its successors or assigns in any action, suit or proceeding referred to above may, in the discretion of such Party
(or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law.

 

The Parties agree that the remedy at law
for any breach of this Agreement may be inadequate and that should any dispute arise concerning any matter hereunder, this Agreement
shall be enforceable in a court of equity by an injunction or a decree of specific performance. Such remedies shall, however, be
cumulative and nonexclusive, and shall be in addition to any other remedies which the Parties may have.

 

Each Party hereby waives, to the fullest
extent permitted by applicable law, any right it may have to a trial by jury in respect of any litigation as between the Parties
directly or indirectly arising out of, under or in connection with this Agreement or the transactions contemplated hereby or disputes
relating hereto. Each Party (i) certifies that no representative, agent or attorney of any other Party has represented, expressly
or otherwise, that such other Party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges
that it and the other Parties have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications
in this Section 12.8.

 

    15

     

    

 

Section 12.9 Amendment; Waivers 

 

No term or condition of this Agreement
may be amended, modified or waived without the prior written consent of the Party against whom such amendment, modification or
waiver will be enforced; provided, that any amendment of Article VII or Section 8.2 hereof shall not be effective as to
any Party hereto unless such amendment was authorized and approved by the Company’s compensation committee. Any waiver granted
hereunder shall be deemed a specific waiver relating only to the specific event giving rise to such waiver and not as a general
waiver of any term or condition hereof.

 

Section 12.10 Remedies to Prevailing Party 

 

If any action at law or equity is necessary
to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees,
costs, and necessary disbursements in addition to any other relief to which such party may be entitled.

 

Section 12.11 Severability 

 

Each provision of this Agreement is intended
to be severable from the others so that if, any provision or term hereof is illegal, invalid or unenforceable for any reason whatsoever,
such illegality, invalidity or unenforceability shall not affect or impair the validity of the remaining provisions and terms hereof;
provided, however, that the provisions governing payment of the Consulting Fee described in Article VII hereof are not severable.

 

Section 12.12 Benefits Only to Parties 

 

Nothing expressed by or mentioned in this
Agreement is intended or shall be construed to give any Person other than the Parties and their respective successors or permitted
assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained,
this Agreement and all conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of the
Parties and their respective successors and permitted assigns, and for the benefit of no other Person.

 

Section 12.13 Further Assurances 

 

Each Party hereto shall take any and all
such actions, and execute and deliver such further agreements, consents, instruments and any other documents as may be necessary
from time to time to give effect to the provisions and purposes of this Agreement.

 

Section 12.14 No Strict Construction 

 

The Parties have participated jointly in
the negotiation and drafting of this Agreement. In the event any ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by all Parties, and no presumption or burden of proof shall arise favoring or
disfavoring any Party by virtue of the authorship of any provision of this Agreement.

 

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Section 12.15 Entire Agreement 

 

This Agreement constitutes the sole and
entire agreement of the Parties with regards to the subject matter of this Agreement. Any written or oral agreements, statements,
promises, negotiations or representations not expressly set forth in this Agreement are of no force and effect.

 

Section 12.16 Assignment 

 

This Agreement shall not be assignable
by either party except by the Consultant to any Person with which the Consultant may merge or consolidate or to which the Consultant
transfers substantially all of its assets, and then only in the event that such assignee assumes all of the obligations to the
Company and the Subsidiaries of the Company hereunder.

 

Section 12.17 Confidentiality 

 

(a) The Consultant shall not, and the Consultant
shall cause its Affiliates and their respective agents and representatives not to, at any time from and after the date of this
Agreement, directly or indirectly, disclose or use any confidential or proprietary information involving or relating to (x) the
Company, including any information contained in the books and records of the Company and (y) the Company’s Subsidiaries,
including any information contained in the books and records of any such Subsidiaries; provided, however, that disclosure
and use of any information shall be permitted (i) with the prior written consent of the Company, (ii) as, and to the extent, expressly
permitted by this Agreement, any Offsetting Consulting Services Agreement, any Transaction Services Agreement or any other agreement
between the Consultant and the Company or any of the Company’s Subsidiaries (but only to the extent that such information
relates to such Subsidiaries), (iii) as, and solely to the extent, necessary or required for the performance by the Consultant,
any of its Affiliates or its delegates of any of their respective obligations under this Agreement, (iv) as, and to the extent,
necessary or required in the operation of the Company’s business or operations in the Ordinary Course of Business, (v) to
the extent such information is generally available to, or known by, the public or otherwise has entered the public domain (other
than as a result of disclosure in violation of this Section 12.17 by the Consultant or any of its Affiliates), (vi) as, and to
the extent, necessary or required by any governmental order, applicable law or any governmental authority, subject to Section 12.17(d),
and (vii) as, and to the extent, necessary or required or reasonably appropriate in connection with the enforcement of any right
or remedy relating to this Agreement, any Offsetting Consulting Services Agreement, any Transaction Services Agreement or any other
agreement between the Consultant and the Company or any of the Company’s Subsidiaries.

 

(b) The Consultant shall produce and implement
policies and procedures that are reasonably designed to ensure compliance by the Consultant’s directors, officers, employees,
agents and representatives with the requirements of this Section 12.17.

 

(c) For the avoidance of doubt, confidential
information includes business plans, financial information, operational information, strategic information, legal strategies or
legal analysis, formulas, production processes, lists, names, research, marketing, sales information and any other information
similar to any of the foregoing or serving a purpose similar to any of the foregoing with respect to the business or operations
of the Company or any of its Subsidiaries. However, the Parties are not required to mark or otherwise designate information as
“confidential or proprietary information,” “confidential” or “proprietary” in order to receive
the benefits of this Section 12.17.

 

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(d) In the event that the Consultant is
required by governmental order, applicable law or any governmental authority to disclose any confidential information of the Company
or any of its Subsidiaries that is subject to the restrictions of this Section 12.17, the Consultant shall (i) notify the Company
or any of its Subsidiaries in writing as soon as possible, unless it is otherwise affirmatively prohibited by such governmental
order, applicable law or such governmental authority from notifying the Company or any such Subsidiaries, as the case may be, (ii)
cooperate with the Company or any such Subsidiaries to preserve the confidentiality of such confidential information consistent
with the requirements of such governmental order, applicable law or such governmental authority and (iii) use its reasonable best
efforts to limit any such disclosure to the minimum disclosure necessary or required to comply with such governmental order, applicable
law or such governmental authority, in each case, at the cost and expense of the Company.

 

(e) Nothing in this Section 12.17 shall
prohibit the Consultant from keeping or maintaining any copies of any records, documents or other information that may contain
information that is otherwise subject to the requirements of this Section 12.17, subject to its compliance with this Section 12.17.

 

(f) The Consultant shall be responsible
for any breach or violation of the requirements of this Section 12.17 by any of its agents or representatives.

 

Section 12.18 Counterparts 

 

This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same
instrument. Facsimile and electronic .pdf signatures shall be considered originals for purposes of this Agreement.

 

**********************

 

    18

     

    

 

IN WITNESS WHEREOF, the Parties
have executed this Consulting Services Agreement as of the date first written above to be effective as of ___________ 2017.

 

	 	HIGH TIMES MEDIA CORPORATION
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	OREVA CAPITAL CORP.
	 	 
	 	By:	 
	 	Name: Adam E. Levin
	 	Title: Chief Executive Officer

 

    19

     

    

 

Exhibit A 

 

GUARANTY 

 

High Times Holding Corp. , a Delaware
corporation, and Trans-High Corporation, a New York corporation, on behalf of each of them and their existing and future
direct or indirect Subsidiaries, hereby jointly and severally unconditionally and irrevocably guarantees to Oreva Capital Corp.
, a Delaware corporation (the “Consultant”) the full, prompt and punctual payment and performance by
High Times Media Corporation, a Nevada corporation (the “Company “) of all obligations owed or
as may be owed by the Company to the Consultant pursuant to that certain Consulting Services Agreement by and between the Company
and the Consultant, dated _________, 2017 with full rights of subrogation to and in respect of the Consultant’s rights in
respect thereof (the “Guaranteed Obligations”).

 

This guarantee shall continue in full force
and effect with respect to all Guaranteed Obligations until all such Guaranteed Obligations are paid and performed in full.

 

	Dated:                       	HIGHTIMES HOLDING CORP.
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	TRANS-HIGH CORPORATION
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	HIGH TIMES PRODUCTIONS, INC.
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	CANNABIS BUSINESS DIGITAL, LLC
	 	 
	 	By:	 
	 	Name:
	 	Title:Exhibit

Exhibit 10.01
AMENDED AND RESTATED CHANGE-IN-CONTROL 
AND RETENTION AGREEMENT
[CEO FORM OF AGREEMENT]
This Amended and Restated Change-in-Control and Retention Agreement (the “Agreement”) is made and entered into as of December 7, 2011, by and between VeriSign, Inc., a Delaware corporation, and D. James Bidzos (the “Executive”).
RECITALS
WHEREAS, the Executive is a key employee of the Company who possesses valuable proprietary knowledge of the Company, its business and operations and the markets in which the Company competes; 
WHEREAS, the Company draws upon the knowledge, experience, expertise and advice of the Executive to manage its business for the benefit of the Company’s stockholders; 
WHEREAS, the Company desires to standardize its executive Change-in-Control arrangements; 
WHEREAS, the Company recognizes that if a Change-in-Control were to occur, the resulting uncertainty regarding the consequences of such an event could adversely affect the performance of, and the Company’s ability to attract and retain, its key employees, including the Executive; 
WHEREAS, the Company believes that the existence of this Agreement will serve as an incentive to the Executive to remain in the employ of the Company and to be focused and motivated to work to maximize the value of the Company for the benefit of its stockholders, and would enhance the Company’s ability to call on and rely upon Executive if a Change-in-Control were to occur; and
WHEREAS, the Company and the Executive desire to enter into this Agreement to encourage the Executive to continue to devote the Executive’s full attention and dedication to the success of the Company, and to provide specified compensation and benefits to the Executive in the event of a Termination Upon Change-in-Control pursuant to the terms of this Agreement.
NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS: 

1.PURPOSE
The purpose of this Agreement is to provide specified compensation and benefits to the Executive in the event of Termination Upon Change-in-Control of the Executive.  Subject to the terms of any applicable written employment agreement between Company and the Executive, either the Executive or Company may terminate the Executive’s employment at any time for any reason.

2.    TERMINATION UPON CHANGE OF CONTROL
In the event of the Executive’s Termination Upon Change-in-Control, the Executive shall be entitled to the benefits described below in this Section 2.  In addition, if during the twenty-four (24) months following a Change-in-Control the Executive dies, or terminates employment due to Disability, then the Executive, or the Executive’s estate or designated beneficiary, shall receive the benefits provided under Section 2.3 below.
		
	2.1
	Prior Obligations.  

		
	2.1.1
	Accrued Salary and Vacation.  A lump sum payment of all salary and accrued vacation earned through the Termination Date.

		
	2.1.2
	Accrued Bonus.  A lump sum payment of any earned and unpaid bonus from the prior fiscal year previously awarded by the Company.

		
	2.1.3
	Expense Reimbursement.  Upon submission of proper expense reports by the Executive, the Company shall reimburse the Executive for all expenses incurred by the Executive, consistent with past practices, in connection with the business of the Company prior to the Executive’s Termination Date.

		
	2.1.4
	Employee Benefits.  Benefits, if any, under any 401(k) plan, nonqualified deferred compensation plan, employee stock purchase plan and other Company benefit plans under which the Executive may be entitled to benefits, payable pursuant to the terms of such plans.

		
	2.2
	Cash Severance Benefits.  A lump sum equal to the sum of (i) a pro rata portion of the Executive’s target bonus for the fiscal year of the Company in which the Termination Upon Change-in-Control occurs (pro-rated based on the number of days that the Executive was employed by the Company during such fiscal year), (ii) twenty-four (24) months of the Executive’s Base Salary, (iii) 200% of the Executive’s average target bonus for the three (3) fiscal years of the Company preceding the fiscal year in which Termination Upon Change-in-Control occurs or, if the Executive was employed by the Company for fewer than three (3) full fiscal years preceding the fiscal year in which the Termination Upon Change-in-Control occurs, 200% the average target bonus for the number of full fiscal years the Executive was employed by the Company prior to the Change-in-Control or 200% of the target bonus for the fiscal year in which the Termination Upon Change-in-Control occurs if the Executive was not eligible to receive a bonus from the Company during any of the prior three (3) fiscal years; and (iv) the total cost of the COBRA premiums that would be required to provide health insurance coverage for the Executive and the Executive’s dependents for a period of twenty-four (24) months, which amount shall be based on the Company’s COBRA rates and the Executive’s health insurance coverage as in effect immediately prior to the Termination Upon Change-in-Control.  This lump sum amount shall be paid no later than sixty (60) days after the Termination Date of the Termination Upon Change-in-Control.  

		
	2.3
	Acceleration of Equity Awards.  All then unvested and outstanding Equity Awards granted to the Executive prior to the Change-in-Control shall have their vesting and exercisability accelerated in full on the Termination Date of the Termination Upon Change-in-Control; provided, however, that notwithstanding any provision in this Agreement to the contrary, if the Equity Awards held by the Executive are not assumed upon a Change-in-Control, then all such Equity Awards shall have their vesting and exercisability accelerated in full immediately prior to the Change-in-Control regardless of whether there is a Termination Upon Change-in-Control.  If the consideration to be received by stockholders of the Company in connection with the Change-in-Control consists of substantially all cash, then all such Equity Awards shall have their vesting and exercisability accelerated in full immediately prior to the Change-in-Control regardless of whether there is a Termination Upon Change-in-Control.  To the extent the amount payable pursuant to an Equity Award is determined based upon performance and, at the time of acceleration, the performance period has not been completed, the amount payable pursuant to the Equity Award (or the amount used to calculate a conversion of the award into a time-based vesting award, if assumed in such a fashion) shall be computed by assuming performance at the target level.

3.    FEDERAL EXCISE TAX UNDER SECTION 280G
If (i) any amounts payable to the Executive under this Agreement or otherwise are characterized as excess parachute payments pursuant to Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) the Executive thereby would be subject to any United States federal excise tax due to that characterization, then the Executive’s termination benefits hereunder will be reduced to an amount so that none of the amounts payable constitute excess parachute payments if this would result, after taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, in the Executive’s receipt on an after-tax basis of the greatest amount of termination and other benefits.  The determination of any reduction required pursuant to this section (including the determination as to which specific payments shall be reduced) shall be made by a neutral party designated by the Company and such determination shall be conclusive and binding upon the Company or any related corporation for all purposes.  In addition, any such reduction shall be implemented in a manner consistent with Section 409A of the Code.
4.    DEFINITIONS
		
	4.1
	Capitalized Terms Defined.  Capitalized terms used in this Agreement shall have the meanings set forth in this Section 4, unless the context clearly requires a different meaning.

		
	4.2
	“Base Salary” means the base salary of the Executive immediately preceding the Executive’s Termination Date.

		
	4.3
	“Board” means the Company’s Board of Directors.

		
	4.4
	“Cause” means: 

		
	(a)
	The Executive’s willful and continued failure to substantially perform the Executive’s duties after written notice providing the Executive with ninety (90) days from the date of Executive’s receipt of such notice in which to cure; 

		
	(b)
	conviction (or plea of guilty or no contest) of the Executive for a felony involving moral turpitude; 

		
	(c)
	The Executive’s willful misconduct or gross negligence resulting in material harm to the Company; or 

		
	(d)
	The Executive’s willful violation of the Company’s policies resulting in material harm to the Company.

		
	4.5
	“Change-in-Control” means: 

		
	(a)
	any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than a trustee or other fiduciary holding securities of the Company under an employee benefit plan of the Company or its subsidiaries, becomes the “beneficial owner” (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly (excluding, for purposes of this Section 4.5, securities acquired directly from the Company), of securities of the Company representing at least thirty-five percent (35%) of (A) the then-outstanding shares of common stock of the Company or (B) the combined voting power of the Company’s then-outstanding securities;

		
	(b)
	the consummation of a merger or consolidation, or series of related transactions, which results in the voting securities of the Company outstanding immediately prior thereto failing to continue to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity), directly or indirectly, at least fifty (50%) percent of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger, consolidation or series of related transactions;

		
	(c)
	a change in the composition of the Board occurring within a 24-month period, as a result of which fewer than a majority of the Directors are Incumbent Directors;

		
	(d)
	the sale or disposition of all or substantially all of the Company’s assets (or consummation of any transaction, or series of related transactions, having similar effect); or

		
	(e)
	stockholder approval of the dissolution or liquidation of the Company. 

		
	4.6
	“Company” means VeriSign, Inc. and, following a Change-in-Control, any Successor.

		
	4.7
	“Director” means a member of the Board.

		
	4.8
	“Disability” shall have the meaning given such term under Section 409A of the Code.

		
	4.9
	“Equity Award” shall mean any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

		
	4.10
	“Good Reason” means the occurrence of any of the following conditions, without Executive’s written consent: 

		
	(a)
	a change in the Executive’s authority, duties or responsibilities that is inconsistent in any material and adverse respect from the Executive’s authority, duties and responsibilities immediately preceding the Change-in-Control;

		
	(b)
	a reduction in the Executive’s base salary compared to the Executive’s base salary immediately preceding the Change-in-Control, except for an across-the-board reduction of not more than ten percent (10%) of base salary applicable to all senior executives of the Company; 

		
	(c)
	a reduction in the Executive’s bonus opportunity of five percent (5%) or more from the Executive’s bonus opportunity immediately preceding the Change-in-Control, except for an across-the-board reduction applicable to all senior executives of the Company; 

		
	(d)
	a failure to provide the Executive with long-term incentive opportunities that in the aggregate are at least comparable to the long-term incentives provided to other senior executives at the Company; 

		
	(e)
	a reduction of at least 5% in aggregate benefits that the Executive is entitled to receive under all employee benefit plans of the Company following a Change-in-Control compared to the aggregate benefits the Executive was eligible to receive under all employee benefit plans maintained by the Company immediately preceding the Change-in-Control; or 

		
	(f)
	a requirement that the Executive be based at any office location more than 40 miles from the Executive’s primary office location immediately preceding the Change-in-Control, if such relocation increases the Executive’s commute by more than ten (10) miles from the Executive’s principal residence immediately preceding the Change-in-Control; or

		
	(g)
	the failure of the Company to obtain the assumption of this Agreement from any Successor as provided in  Section 12.1 of this Agreement.

		
	4.11
	“Incumbent Directors” shall mean Directors who either (i) are Directors as of the date hereof, or (ii) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company).

		
	4.12
	“Successor” means any successor to the Company or assignee of substantially all of the Company’s business and/or assets whether or not as part of a Change-in-Control.

		
	4.13
	“Termination Date” means the effective date of any termination of the Executive’s employment with the Company or a Successor.

		
	4.14
	“Termination Upon Change-in-Control” means (i) during the twenty-four (24) months following the consummation of a Change-in-Control any termination of the employment of the Executive by the Company without Cause, or any resignation by the Executive for Good Reason; or (ii) any termination of the employment of the Executive by the Company without Cause occurring within six (6) months prior to the consummation of such Change-in-Control that is requested by a third party as part of such Change-in-Control.  The Executive must provide written notice to the Company within ninety (90) days of the existence of Good Reason and provide the Company with at least thirty (30) days to cure the circumstances giving rise to Good Reason.  Notwithstanding the preceding sentences of this section and section 4.13, with respect to a termination described in (ii) of this section 4.14, (1) the effective date of the Change-in-Control shall be deemed the Termination Date for purposes of this Agreement and (2) with respect to Equity Awards, to the extent they would have otherwise terminated or been forfeited prior to the Change-in-Control as a result of the Executive’s termination of employment, they shall be deemed to have continued in existence until the Change-in-Control (but without any right to exercise, settlement or additional vesting during the period of continuation).  

5.    RELEASE OF CLAIMS
The Executive’s receipt of payments and benefits under this Agreement (other than those provided pursuant to Section 2.1) is conditioned upon the delivery by the Executive of a signed Termination Release Agreement in substantially the form attached hereto as Exhibit A; provided, however, that the Executive shall not be required to release any rights the Executive may have to be indemnified by the Company.  Notwithstanding any provisions to the contrary herein, no benefits shall be payable pursuant to this Agreement until and unless seven days have elapsed after a signed Termination Release Agreement has been delivered (and the Executive has not revoked the Termination Release Agreement during said seven day period) and such signed Termination Release Agreement is delivered no later 

than the 53rd day following the Termination Date.  If a Termination Release Agreement is not executed and delivered by the 53rd day following the Termination Date or the Executive revokes such Termination Release Agreement, no benefits will be paid under this Agreement and the Executive will have no further rights hereunder.
6.    EXCLUSIVE REMEDY
The Executive shall be entitled to no other termination, severance or change of control compensation, benefits, or other payments from the Company as a result of any Termination Upon Change-in-Control with respect to which the payments and/or benefits described in Section 2 have been provided to the Executive, except as expressly set forth in this Agreement. 
7.    CONFLICT IN BENEFITS; NONCUMULATION OF BENEFITS
		
	7.1
	No Limitation of Regular Benefit Plans.  Except as provided in Section 7.2 below, this Agreement is not intended to and shall not affect, limit or terminate any plans, programs or arrangements of the Company that are regularly made available to a significant number of employees or officers of the Company, including without limitation the Company’s equity incentive plans.

		
	7.2
	Noncumulation of Benefits.  The Executive may not cumulate cash severance payments, vesting acceleration of any Equity Award or other termination benefits under this Agreement with those provided under any other written agreement with the Company and/or other plan or policy of the Company.  If the Executive has any other binding written agreement or other binding arrangement with the Company that provides that upon a Change-in-Control or termination of employment the Executive shall receive benefits, then Executive must waive the Executive’s rights to such other benefits to receive benefits under this Agreement.

8.    PROPRIETARY AND CONFIDENTIAL INFORMATION
The Executive’s receipt of the payments and benefits described in this Agreement are conditioned upon the Executive’s acknowledgment of the Executive’s continuing obligation under, and the Executive’s agreement to abide by the terms and conditions of, the Assignment of Invention, Nondisclosure, and Nonsolicitation Agreement, or any equivalent agreement regarding Company confidential information, between the Executive and the Company.  Accordingly, during the term of this Agreement and following any Termination Upon Change-in-Control, the Executive agrees to continue to abide by the terms and conditions of the Assignment of Invention, Nondisclosure, and Nonsolicitation Agreement, or any equivalent agreement regarding Company confidential information, between the Executive and the Company.  Nothing contained in this Agreement prohibits or prevents the Executive from filing a charge with or participating, testifying, or assisting in any investigation, hearing, whistleblower proceeding or other proceeding before any federal, state, or local government agency (e.g., the U.S. Equal Employment Opportunity Commission, the Naitonal Labor Relations Board, the U.S. Securities and Exchange Commission, etc.).  Furthermore and 

notwithstanding the foregoing, if the Executive makes a confidential disclosure of a trade secret or other confidential information to a government official or an attorney for the sole purpose of reporting a suspected violation of law, or in a court filing under seal, the Executive shall not be held liable under this Agreement, the Company’s Assignment of Invention, Nondisclosure and Nonsolicitation Agreement, or any equivalent agreement regarding Company confidential information, or under any federal or state trade secret law for such a disclosure.
9.    NON-SOLICITATION/NON-COMPETITION
For a period of one (1) year following Termination Upon Change-in-Control: (i) the Executive will not solicit the services or business of any employee or consultant of the Company to discontinue that person’s or entity’s relationship with or to the Company without the written consent of the Company; and (ii) the Executive will not engage (whether as an employee, director, or independent contractor) in a business in which the Company or any subsidiary of the Company is engaged immediately prior to the Change-in-Control.  
10.    RESOLUTION OF DISPUTES THROUGH ARBITRATION OR THE COURTS
		
	10.1
	Matters Subject to Arbitration or Judicial Enforcement.  Any claim, dispute or controversy arising out of this Agreement, the interpretation, validity or enforceability of this Agreement or the alleged breach thereof shall be submitted by the parties to binding arbitration by a sole arbitrator under the rules of the American Arbitration Association; provided, however, that (1) the arbitrator shall have no authority to make any ruling or judgment that would confer any rights with respect to the trade secrets, confidential and proprietary information or other intellectual property of the Company upon the Executive or any third party; and (2) this arbitration provision shall not preclude the Company from seeking legal and equitable relief from any court having jurisdiction with respect to any disputes or claims relating to or arising out of the misuse or misappropriation of the Company’s intellectual property or breach of Executive’s obligations under Sections 8 or 9 of this Agreement. Judgment may be entered on the award of the arbitrator in any court having jurisdiction.

		
	10.2
	Site of Arbitration.  The site of the arbitration proceeding shall be in Virginia.

		
	10.3
	Legal Fees and Expenses.  The Company shall reimburse the Executive for all reasonable legal fees and expenses that the Executive incurs in connection with Executive’s prosecution or defense of any breach of this Agreement unless Executive does not substantially prevail.  The Executive shall reimburse the Company for all reasonable legal fees and expenses that the Company incurs in connection with the Company’s prosecution or defense of any breach of this Agreement unless the Company does not substantially prevail.

11.    NOTICES

For purposes of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered or sent by mail or courier with appropriate evidence of mailing or delivery to the courier: 
		
	(i) if to the Company:
	VeriSign, Inc. 
12061 Bluemont Way

Reston, Virginia 20190
Attention:  General Counsel
and, (ii) if to the Executive, at the address indicated in the Executive’s personnel file or such other address specified by the Executive in writing to the Company.  Either party may provide the other with notices of change of address, which shall be effective upon receipt.
12.    MISCELLANEOUS PROVISIONS 
		
	12.1
	Heirs and Representatives of the Executive; Successors and Assigns of the Company.  This Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devises and legatees.  This Agreement shall be binding upon and inure to the benefit of and be enforceable by the successors and assigns of the Company. The Company agrees that in connection with any Change-in-Control, it will cause any Successor unconditionally to assume by written instrument delivered to the Executive (or the Executive’s beneficiary), all of the obligations of the Company hereunder.

		
	12.2
	No Assignment of Rights.  The interest of the Executive in this Agreement or in any distribution to be made under this Agreement may not be assigned, pledged, alienated, anticipated, or otherwise encumbered (either at law or in equity) and shall not be subject to attachment, bankruptcy, garnishment, levy, execution, or other legal or equitable process. Any act in violation of this Section 12.2 shall be void. 

		
	12.3
	Amendment; Waiver.  Any provision of this Agreement may be modified or amended in the sole discretion of a majority of the Board; provided however that any modification or amendment detrimental to the Executive shall not be effective following consummation of a Change-in-Control or if consummation of a Change-in-Control occurs within one year after the date of adoption of such modification or amendment.  No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.

		
	12.4
	Entire Agreement.  This Agreement represents the entire agreement and understanding between the parties as to the subject matter herein (whether oral or written and whether express or implied) and expressly supersedes any existing agreement or understanding providing for any change control, severance, termination or similar benefits by and between the Executive and the Company.  

		
	12.5
	Withholding Taxes; Section 409A.  All payments made under this Agreement shall be subject to reduction to reflect all federal, state, local and other taxes required to be withheld by applicable law.  Notwithstanding any provision in Section 2 to the contrary, to the extent (i) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive’s termination of employment with the Company constitute deferred compensation subject to Section 409A of the Code, and (ii) Executive is deemed at the time of such termination of employment to be a “specified” employee under Section 409A of the Code, then such payment shall not be made or commence until the earliest of (i) the expiration of the six (6)-month period measured from the date of Executive’s “separation from service” (as such term is at the time defined in Treasury Regulations under Section 409A of the Code) with the Company; or (ii) the date of Executive’s death following such separation from service; provided, however, that such deferral shall only be effected to the extent required to avoid adverse tax treatment to Executive, including (without limitation) the additional twenty percent (20%) tax for which Executive would otherwise be liable under Section 409A(a)(1)(B) of the Code in the absence of such deferral.  Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this paragraph shall be paid to Executive or Executive’s beneficiary in one lump sum. 

		
	12.6
	Severability.  The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

		
	12.7
	Choice of Law.  The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Virginia, without regard to where the Executive has Executive’s residence or principal office or where Executive performs Executive’s duties hereunder.

		
	12.8
	Effective Date; Term of Agreement.

		
	12.8.1
	Effective Date.  The “Effective Date” of this Agreement is _______, 2011.

		
	12.8.2
	Term of Agreement.  This Agreement shall commence on the Effective Date and shall have an initial term that shall extend until August 24, 2012.  Thereafter, this Agreement shall be extended automatically without further action as of August 24, 2012 and on each anniversary thereafter, for terms of one year unless at least ninety (90) days prior to any such date the Board shall notify Executive in writing of such non-renewal, such notice of non-renewal to be provided by the Board to the Executive at least ninety (90) days before the end of the then current term.  If the written notice of non-renewal is not provided by the Board to the Executive before the last ninety (90) days of a term then the Agreement will not terminate until the end of the immediately subsequent term.  Any termination of this Agreement shall 

not be effective if consummation of a Change-in-Control occurs within one year after such requested Agreement termination date.  Notwithstanding the foregoing, following the occurrence of a Change-in-Control this Agreement shall terminate only at such time as all of the parties’ respective obligations under this Agreement have been discharged. 
IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written.
EXECUTIVE 

 
D. James Bidzos    
VERISIGN, INC. 
 
By:                         
Title: EVP, General Counsel and Secretary

EXHIBIT A

TERMINATION RELEASE AGREEMENT

As required by the Amended and Restated Change-in-Control and Retention Agreement, dated [               ], between you and VeriSign, Inc., a Delaware corporation (the “Change-in-Control and Retention Agreement”), to which this Termination Release Agreement (the “Agreement”) is attached as Exhibit A, this Agreement sets forth below your waiver and release of claims in favor of VeriSign, Inc., and its officers, directors, employees, agents, representatives, subsidiaries, divisions, affiliated companies, successors, and assigns (collectively, the “Company”) in exchange for the consideration provided for under the terms of the Change-in-Control and Retention Agreement.

		
	1.
	GENERAL RELEASE AND WAIVER OF CLAIMS.

		
	(a)
	The payments set forth in the Change-in-Control and Retention Agreement fully satisfy any and all accrued salary, vacation pay, bonus and commission pay, stock-based compensation, profit sharing, termination benefits or other compensation to which you may be entitled by virtue of your employment with the Company or your termination of employment.  You acknowledge that you have no claims and have not filed any claims against the Company based on your employment with or the separation of your employment with the Company.  

		
	(b)
	To the fullest extent permitted by law, you hereby release and forever discharge the Company, its successors, subsidiaries and affiliates, directors, shareholders, current and former officers, agents and employees (all of whom are collectively referred to as “Releasees”) from any and all existing claims, demands, causes of action, damages and liabilities, known or unknown, that you ever had, now have or may claim to have had arising out of or relating in any way to your employment or non-employment with the Company through the Effective Date of this Agreement (as defined in Section 10), including, without limitation, claims based on any oral, written or implied employment agreement, claims for wages, bonuses, commissions, stock-based compensation, expense reimbursement, and any claims that the terms of your employment with the Company, or the circumstances of your separation, were wrongful, in breach of any obligation of the Company or in violation of any of your rights, contractual, statutory or otherwise.  Each of the Releasees is intended to be a third party beneficiary of this General Release and Waiver of Claims.   

		
	(i)
	Release of Statutory and Common Law Claims.  Such rights include, but are not limited to, your rights under the following federal and state statutes: the Employee Retirement Income Security Act (ERISA) (regarding employee benefits); the Occupational Safety and Health Act (safety matters); the Family and Medical Leave Act of 1993; the Worker Adjustment and Retraining Act (WARN) (notification requirements for employers who are curtailing or closing an operation) and common law; tort; wrongful discharge; public 

policy; workers’ compensation retaliation; tortious interference with contractual relations, misrepresentation, fraud, loss of consortium; slander, libel, defamation, intentional or negligent infliction of emotional distress; claims for wages, bonuses, commissions, stock-based compensation or fringe benefits; vacation pay; sick pay; insurance reimbursement, medical expenses, and the like.
		
	(ii)
	Release of Discrimination Claims. You understand that various federal, state and local laws prohibit age, sex, race, disability, benefits, pension, health and other forms of discrimination, harassment and retaliation, and that these laws can be enforced through the U.S. Equal Employment Opportunity Commission, the National Labor Relations Board, the Department of Labor, and similar state and local agencies and federal and state courts.  You have decided voluntarily to enter into this Agreement, release any such claims you may have and waive the right to recover any amounts to which you may have been entitled under such laws, including but not limited to, any claims you may have based on age or under the Age Discrimination in Employment Act of 1967 (ADEA; 29 U.S.C. Section 621 et. seq.) (age); the Older Workers Benefit Protection Act (OWBPA) (age);  Title VII of the Civil Rights Act of 1964 (race, color, religion, national origin or sex); the 1991 Civil Rights Act; the Vocational Rehabilitation Act of 1973 (disability); the Americans with Disabilities Act of 1990 (disability); 42 U.S.C. Sections 1981, 1986 and 1988 (race); the Equal Pay Act of 1963 (prohibits pay differentials based on sex); the Immigration Reform and Control Act of 1986; Executive Order 11246 (race, color, religion, sex or national origin); Executive Order 11141 (age); Vietnam Era Veterans Readjustment Assistance Act of 1974 (Vietnam era veterans and disabled veterans); and Virginia state statutes and local laws of similar effect.

		
	(iii)
	Releasees and you do not intend to release claims which you may not release as a matter of law (including, but not limited to, indemnification claims under applicable law). To the fullest extent permitted by law, any dispute regarding the scope of this general release shall be determined by an arbitrator under the procedures set forth below.

		
	2.
	Covenant Not to Sue.

		
	(a)
	To the fullest extent permitted by law, you agree that you will not now or at any time in the future pursue any charge, claim, or action of any kind, nature and character whatsoever against any of the Releasees, or cause or knowingly permit any such charge, claim or action to be pursued, in any federal, state or municipal court, administrative agency, arbitral forum, or other tribunal, arising out of any of the matters covered by Section 1 above.  

		
	(b)
	You further agree that you will not pursue, join, participate, encourage, or directly or indirectly assist in the pursuit of any legal claims against the Releasees, whether the claims are brought on your own behalf or on behalf of any other person or entity. 

		
	(c)
	Nothing herein prohibits you from: (1) providing truthful testimony in response to a subpoena or other compulsory legal process, and/or (2) filing a charge or complaint or participating in a lawful governmental investigation with a government agency such as the U.S. Equal Employment Opportunity Commission, the National Labor Relations Board, or the Financial Industry Regulatory Authority; provided that you hereby agree that you are waiving any right you may have to benefit in any manner from any relief (whether monetary or otherwise) arising out of any investigation or proceeding conducted by such a government agency.  Notwithstanding the foregoing, nothing herein prohibits you from filing a charge or complaint with or participating in a lawful governmental investigation by the U.S. Securities and Exchange Commission (the “SEC”), and this Agreement does not limit your right to receive an award for information provided to the SEC.

		
	3.
	Arbitration of Disputes.  Except for claims for injunctive relief arising out of a breach ofSections 8 or 9 of the Amended and Restated Change-in-Control and Retention Agreement, you and the Company agree to submit to mandatory binding arbitration any disputes between you and the Company  arising out of or relating to this Agreement.  You agree that the American Arbitration Association will administer any such arbitration(s) under its National Rules for the Resolution of Employment Disputes, with administrative and arbitrator’s fees to be borne by the Company.  The arbitrator shall issue a written arbitration decision stating his or her essential findings and conclusions upon which the award is based.  The parties agree that the arbitration award shall be enforceable in any court having jurisdiction to enforce this Agreement.  This Agreement does not extend or waive any statutes of limitations or other provisions of law that specify the time within which a claim must be brought.  Notwithstanding the foregoing, each party retains the right to seek preliminary injunctive relief in a court of competent jurisdiction to preserve the status quo or prevent irreparable injury before a matter can be heard in arbitration.

		
	4.
	Review of Agreement.  You may take up to forty-five (45) days from the date you receive this Agreement, to consider whether to sign this Agreement.  You are hereby advised to consult with an attorney before signing this Agreement and you acknowledge and agree that you have been given ample opportunity to do so. You understand that this Agreement will not become effective until you return the original of this Agreement, properly signed by you, to the Company, Attention: General Counsel, and after expiration of the revocation period (described in Section 5 below) without revocation by you.  

		
	5.
	Revocation of Agreement.  You acknowledge and understand that you may revoke this Agreement by sending a written notice of revocation to Attention:  General Counsel,   VeriSign, Inc., 12061 Bluemont Way, Reston, VA 12090, any time up to seven (7) calendar days after you sign it.  After the revocation period has passed, however, you may no longer revoke your Agreement.

		
	6.
	Entire Agreement. This Agreement and the Change-in-Control and Retention Agreement are the entire agreement between you and the Company with respect to the subject matter herein and supersede all prior negotiations and agreements, whether written or oral, relating to this subject matter.  You acknowledge that neither the Company nor its agents or attorneys, made any promise or representation, express or implied, written or oral, not contained in this Agreement to induce you to execute this Agreement.  You acknowledge that you have signed this Agreement voluntarily and without coercion, relying only on such promises, representations and warranties as are contained in this document and understand that you do not waive any right or claim that may arise after the date this Agreement becomes effective.

		
	7.
	Modification.  By signing below, you acknowledge your understanding that this Agreement may not be altered, amended, modified, or otherwise changed in any respect except by another written agreement that specifically refers to this Agreement, executed by your and the Company’s authorized representatives.

		
	8.
	Governing Law.  This Agreement is governed by, and is to be interpreted according to, the laws of the State of Virginia.

		
	9.
	Savings and Severability Clause.  Should any court, arbitrator or government agency of competent jurisdiction declare or determine any of the provisions of this Agreement to be illegal, invalid or unenforceable, the remaining parts, terms or provisions shall not be affected thereby and shall remain legal, valid and enforceable. Further, if a court, arbitrator or agency concludes that any claim under Section 1 above may not be released as a matter of law, the General Release in Section 1 shall otherwise remain effective as to any and all other claims. 

		
	10.
	Effective Date.  The effective date of this Agreement shall be the eighth day following the date this Agreement was signed, without having been revoked within seven (7) days thereafter, by you (the “Effective Date”).

PLEASE SIGN THIS AGREEMENT NO EARLIER THAN YOUR TERMINATION DATE (AS DEFINED IN THE CHANGE-IN-CONTROL AND RETENTION AGREEMENT) AND RETURN IT TO THE GENERAL COUNSEL AT THE COMPANY.  

PLEASE REVIEW CAREFULLY.  THIS AGREEMENT CONTAINS A 
RELEASE OF KNOWN AND UNKNOWN CLAIMS.

REVIEWED, UNDERSTOOD AND AGREED:

________________________________        Date: ___________________
Executive

DO NOT SIGN PRIOR TO THE TERMINATION DATE

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