Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement (“Agreement”)
is amended and restated on July 12, 2021 (the “Amendment Date”), between Parts iD, LLC, a Delaware limited liability company
having its principal place of business at 1 Corporate Drive, Suite C, Cranbury, New Jersey, 08512, ( the “Company”),
and Antonino Ciappina, with a mailing address of 44 Oakhill Road , Midland Park, New Jersey 07432  (“Employee”).
Additionally, both Employee and Company may be referred to as a “Party,” or “Parties” throughout this Agreement.

 

WHEREAS, the Employee entered
into an employment agreement with Onyx Enterprises Int’l Corp., a New Jersey registered Corporation (“Onyx”), on November
28, 2019 (the “Original Agreement”);

 

WHEREAS, on November 20, 2020 (the “Closing
Date”), PARTS iD, Inc., a Delaware corporation (f/k/a Legacy Acquisition Corp. (“Legacy” or “Parent”)) consummated
the transactions contemplated by that certain Business Combination Agreement dated September 18, 2020 (the “Business Combination
Agreement”), by and among Legacy and the other parties thereto, including Onyx;

 

WHEREAS, as a result of the closing of the transactions
contemplated by the Business Combination Agreement (the “Closing”), Onyx was merged with and into the Company, as the surviving
entity and a wholly owned subsidiary of Parent; and

 

WHEREAS, the Company, as the
successor to Onyx, and the Employee desire to amend and restate the Original Agreement to reflect certain changes in the terms and conditions
of the Employee’s employment with the Company and its affiliates. For the avoidance of doubt, this amendment and restatement does
not change the base salary or quarterly bonuses in respect of calendar year 2020 that were actually paid to the Employee by the Company
prior to the Amendment Date under the Original Agreement.

 

NOW, THEREFORE, IN CONSIDERATION
of the promises and mutual covenants contained herein, and intending to be legally bound, the parties agree as follows:

 

1. Position
and Term. The Company shall employ Employee, and Employee shall serve the Company as the Chief Executive Officer (“CEO”)
and Assistant Corporate Secretary of Parent and the Company, reporting directly to the Board of Directors of Parent (the “Board”).

 

     

     

    

 

2. Duties.
Employee’s duties shall be prescribed from time to time by the Board and shall include such responsibilities as are customary for
employees performing functions similar to those of Employee. In addition, Employee shall serve at no additional compensation in such executive
capacity or capacities with respect to any subsidiary or affiliate of Parent or the Company, respectively, to which he may be elected,
assigned or appointed. Employee shall devote substantially all of his time and attention to the performance of his duties and responsibilities
for and on behalf of Parent, the Company and their subsidiaries and affiliates (individually or collectively, as the context may require,
the “Company Group”) except as set forth herein, or as may be consented to by the Company. In addition, Employee shall be
required to travel to all locations, whether national or international, in order to further develop and learn the needs of the business.
Notwithstanding anything to the contrary herein, nothing in this Agreement shall preclude Employee from: (i) serving as a member of the
board of directors or advisory board (or their equivalents in the case of a non-corporate entity) of any charitable or philanthropic organization,
separate from the Company Group; (ii) engaging in charitable, community or philanthropic activities or any other activities or (iii) serving
as an executor, trustee or in a similar fiduciary capacity; provided, that the activities set out in the foregoing clauses shall
be limited by Employee so as not to affect, individually or in the aggregate, or interfere with the performance of Employee’s duties
and responsibilities hereunder, without the consent of the Company. During Employee’s employment with the Company, Employee shall
be governed by, subject to, and be in compliance with all Company Group policies, procedures, guidelines, practices, rules and regulations
applicable to employees generally (“Company Policies”), including without limitation, the Company’s Employee Handbook,
and in each case, as they may be amended from time to time in the Company’s sole discretion. It is expressly understood that any
violation of the terms of such Company Policies shall be considered a breach of the terms of this Agreement.

 

3. Starting
Date, At Will Employment. The Employee began his employment with the Company on January 6, 2020 (“Starting Date”).
The Employee’s employment hereunder is on an at-will basis. Both Parties agree that this Agreement and the Employee’s employment
hereunder may be terminated at any time by either the Employee or Company for any reason or for no reason. After termination of this Agreement
by either of the Parties, neither will have any obligation other than what is specifically agreed to herein.

 

4. Representations
and Warranties.

 

The Employee hereby represents
and warrants to the Company that the Employee has the full right, power and legal capacity to enter and deliver this Agreement and to
perform his duties and other obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of the Employee
enforceable against him in accordance with its terms.

 

The Company represents and
warrants to the Employee as follows:

 

a.
The Company is duly organized, validly existing and in good standing under the laws of the State of Delaware, with all requisite corporate
power and authority to conduct its business in the manner presently contemplated.

 

b. The
Company has full power and authority to enter into this Agreement and to incur and perform its obligations hereunder.

 

c. The
execution, delivery and performance by the Company of this Agreement does not conflict with or result in a breach or violation of or constitute
a default under (whether immediately, upon the giving of notice or lapse of time or both) the certificate of incorporation or bylaws of
the Company, or any agreement or instrument to which the Company is a party or by which the Company of any of its properties may be bound
or affected.

 

    2

     

    

 

d. The
Company makes no representations or warranties regarding any pending sale, merger or acquisition of or by the Company that could result
in the change of management or control, except that the Company reserves the right at all times to enter into to such transactions in
the best interests of the Company and its shareholders.

 

5. Compensation.
The Employee shall receive, for all services rendered to the Company Group pursuant to this Agreement, the following:

 

a. Salary.
From and after the Amendment Date, but with retroactive effect to November 23, 2020, the Employee shall be paid a base salary at the rate
of $400,000 per annum (the “Salary”). The Salary shall be payable in accordance with the Company’s then current general
salary payment policies and shall be paid on a bi-weekly basis and subject to deductions for taxes and other withholdings as required
by law and/or the policies of the Company. Furthermore, during employment, the Employee shall be eligible for periodic increases in Salary,
in the sole discretion of the Company. For the avoidance of doubt, the Employee acknowledges and agrees that as of the date hereof, the
Company has paid to the Employee all additional amounts of base salary that were due for the period following November 23, 2020 through
and including the Amendment Date as a result of the retroactive increase to the Employee’s Salary.

 

b. Bonus.
The Employee shall be eligible to earn an annual bonus for each fiscal year of the Parent based on the achievement of pre-established
performance goals set each fiscal year of the Parent by the Board or the Compensation Committee of the Board. The amount of the annual
bonus earned by the Employee in respect of any fiscal year will be determined by the Board or the Compensation Committee, and any such
amount will be paid to the Employee no later than March 15 of the year following the year in which such bonus was earned, subject to the
Employee’s continued employment with the Company Group through such date. The Employee’s target annual bonus for the Parent’s
2021 fiscal year will be equal to 50% of his base salary. The annual bonus will also be subject to any terms or conditions of the annual
bonus plan that may be in effect from time to time.

 

c. Benefits.
Employee and his “dependents,” as that term may be defined under the applicable benefit plan(s) of the Company, shall be entitled
to participate, to the extent eligible thereunder, in any and all standard benefit plans, programs and policies of the Company, which
may include health care insurance (medical, dental and vision), long-term disability plans, life insurance, supplemental disability insurance,
supplemental life insurance and a 401(k) plan (the “Benefits Plans”). The currently available 401(k) plan is a Defined Contribution
Plan, without an Employer match and per the defined plan commences 12 months post the date of joining. Employee acknowledges and agrees
that the Benefits Plans may from time to time be modified by the Company as it deems necessary and appropriate. Nothing herein shall be
construed to limit the Company’s ability to amend or terminate any employee benefit plan or program in its sole discretion.

 

    3

     

    

 

d. Deductions.
The Company shall deduct and withhold from Employee’s gross compensation all necessary or required federal, state and local taxes,
including, but not limited to, social security, self-employment, withholding and otherwise, and any other amounts required by law or any
taxing authority.

 

e. Absences.
Employee shall be permitted to accrue up to 4 weeks (or 20 business days) of Paid Time Off (“PTO”) which is inclusive of vacation
time, personal or family illness, sick leave, or any other time off, per annum, which is accrued on a monthly basis, and in accordance
with the Company’s current procedures and policies, as the same may be amended from time to time. PTO does not include company recognized
holidays, which are announced annually to all employees by the Human Resources Department and will also be available upon request of the
Employee. PTO, as contemplated in this Section, shall follow the rules as outlined in the Company’s Employee Handbook, as well as
be subject to any other Company Policies in effect at the time of the execution of this Agreement.

 

f. Primary
Location. The Employee is expected to operate out of the primary Company offices in the State of New Jersey, unless otherwise traveling
for business or otherwise.

 

g. Expenses.
Subject to advanced written approval by the Company, the Company shall reimburse Employee for all reasonable out-of-pocket pre-approved
business and travel expenses incurred by Employee in connection with the performance of his duties and responsibilities hereunder, upon
presentment of a valid receipt or other usual and customary documents evidencing such expenses and in compliance with the Company’s
expense reimbursement policies then in effect. The Company will reimburse properly substantiated and timely submitted expenses no later
than 30 days after the date the appropriate documentation is submitted by Employee.

 

h. Long
Term Incentive In Lieu of Stock Option Plan. The Company and Employee acknowledge and agree that the Employee previously participated
in a cash-based long-term incentive plan (the “LTI”). Pursuant to Section 15 of the Employee’s Restricted Stock Unit
Grant Agreement issued with a date of grant of April 16, 2021, under the Parts iD, Inc. 2020 Equity Incentive Plan (the “RSU Agreement”),
the Employee acknowledged and agreed that the LTI was terminated effective as of November 20, 2020 (the “LTI Termination Date”)
in accordance with the terms of the Original Agreement. The Parties further agreed that the Employee accrued an amount equal to $43,835.62
(the “Accrued LTI”) under the LTI prior to the LTI Termination Date, and the Employee will not accrue any additional amounts
under the Cash LTI. As provided in the RSU Agreement, the Accrued LTI will be paid to the Employee on January 5, 2024, subject to the
Employee’s continuous employment with the Company Group through such date. The Employee waives any and all claims arising out of
or related to the LTI other than the Company’s obligation to pay the Accrued LTI when it becomes due.

 

    4

     

    

 

6. Termination.

 

a. For
Cause. The Company may terminate this Agreement and the Employee’s employment hereunder at any time for Cause. “Cause”
shall mean (i) the conviction of, or the entry of a plea of guilty or nolo contendre to a charge of the commission of a felony or any
other crime involving moral turpitude or the willful commission of any other act or omission involving misappropriation, embezzlement
or fraud with respect to the Company Group, (ii) any action, behavior or conduct that brings the Company Group into material disgrace
or disrepute, causes any member of the Company Group to suffer damage to its business interest, financial interest or reputation, or that
causes the Company Group material economic harm as reasonably determined by the Board, (iii) failure, other than by reason of death, disability
or similar incapacity, to perform duties and/or obligations as reasonably and lawfully directed by the Board or its designee, (iv) any
act or omission constituting a material breach of a fiduciary duty, gross negligence or willful misconduct or insubordination with respect
to the Company Group, or (v) any material breach of this Agreement or any other written agreement between Employee and any member of the
Company Group with respect to the treatment of confidential information, the assignment of intellectual property rights to the Company
Group or restrictive covenants limiting the activities of Employee.

 

b. Without
Cause. The Company may, without cause, terminate this Agreement and the Employee’s employment hereunder at any time by giving
thirty (30) days’ written notice to the Employee. In that event, the Employee, if requested by the Employer, shall continue to render
his services, and shall be paid his regular compensation up to the date of termination. The Employee may, without cause, terminate this
Agreement and the Employee’s employment hereunder by giving thirty (30) days’ written notice to the Company. In such event, the
Employee shall continue to render his services and shall be paid his regular compensation up to the date of termination.

 

c. Death.
This Agreement and the Employee’s employment hereunder will terminate automatically upon the death of Employee.

 

d. Disability.
The Company may terminate this Agreement and the Employee’s employment hereunder if Employee suffers from a physical or mental disability.
Employee will only be deemed to have a physical or mental disability if he is unable to perform the essential functions of his position,
with reasonable accommodation, for a period of at least one hundred twenty (120) consecutive days because of a physical or mental impairment.

 

e. Compensation
in the Event of Termination. In the event that this Agreement and the Employee’s employment hereunder is terminated by the Company
for any reason or no reason, or terminated by the Employee, the Company shall pay to the Employee within thirty (30) days of such termination:
(i) accrued and unpaid Salary in accordance with Section 5, (ii) accrued and unpaid amounts for any unused vacation days which have accrued
(but not including any unused personal or sick days) and (iii) any unreimbursed expenses payable in accordance with this Agreement. In
the event that this Agreement and the Employee’s employment hereunder is terminated by the Company without Cause, subject to the
Employee’s execution and non-revocation of a general release of claims, the Company will continue to pay the Employee’s base
salary for six (6) months (the “Severance Pay”) following such termination of employment. The Severance Pay will be paid in
bi-weekly installments in accordance with the Company’s customary payroll practices and will be subject to all applicable withholdings,
provided that any amount of the Severance Pay that would otherwise have been paid during the period from the Employee’s termination
of employment through the effective date of the Employee’s release and waiver of claims will be paid instead in a lump-sum in the
first regular bi-weekly payroll installment that follows such effective date. If the Company terminates the employment of Employee for
Cause, as defined above, or if the Employee voluntarily resigns from employment, the Employee shall not be entitled to receive Severance
Pay, but Employee shall still be entitled to payment in accordance with (i), (ii) and (iii) herein. For the avoidance of doubt, the Severance
Pay is intended to satisfy the “separation pay plan” exception under Section 409A of the Code, and no portion of the Severance
Pay will be payable later than the last day of the second taxable year of the Employee following the taxable year of the Employee in which
the separation from service occurs.

 

    5

     

    

 

f. Return
of Property. Immediately after termination of the Employee’s employment with Company, regardless of the reason for termination,
the Employee must (at the Company’s sole option and direction) return to the Company or destroy any and all of the Company Group’s
property and Confidential Information regardless of the form or format in which it is kept, stored or maintained, whether electronic,
digital or hard-copy. Notwithstanding any other provision herein, Employee’s return and/or destruction of material pursuant to this
paragraph shall take place no later than five (5) calendar days following Employee’s separation from employment. Employee understands
and acknowledges that failure to return and/or destroy Employer’s property and Confidential Information as required herein may be
considered a breach of contract and/or a criminal act, and the Employee specifically consents to injunctive relief in favor of the Company
to enforce the provisions of this Section.

 

7. Restrictive
Covenants. Employee acknowledges and agrees that he has, and will have, access to secret and confidential information of the Company
Group (“Confidential Information”) and that the following restrictive covenants are necessary to protect the interests
and continued success of the Company Group.

 

a. Confidential
Information means all material, non-public, business-related information, whether former or informal, whether written or oral, whether
or not it is marked that it is confidential, proprietary or disclosed or made available to the Employee, directly or indirectly, through
any form or means of communication or observation as provided by the Company Group. The parties agree that the term “Confidential
Information” shall be given its broadest possible interpretation to cover all facets of business information and material shared
between management. Confidential Information shall also include any such information included in discussions which are taking place between
the Parties, whether preliminary or subsequent to the execution of this Agreement.

 

b. Confidentiality.
Employee agrees that at all times both during employment and after termination hereof, the Employee shall not disclose to any other
person, firm or entity, or in any way use for his own benefit, except as required in the conduct of the Company’s business or as
authorized in writing on behalf of the Company Group, any trade secrets or Confidential Information obtained during the course of the
Employee’s employment with Company. Employee understands that the post-employment prohibition on disclosure of Confidential Information
is necessary to effectuate the Company Group’s legitimate interests in safeguarding its business, relationships and property.

 

c. Non-Compete.
In consideration of the employment hereunder, Employee agrees that during his employment and for a period of two (2) years after the termination
or separation thereof (the “Restricted Period”), he will not (and will cause any entity controlled by him not to), directly
or indirectly, whether or not for compensation and whether or not as an employee, be engaged in or have any financial interest in any
business competing with the business of the Company Group within any state, country, region or locality in which the Company Group is
then doing business or marketing its products or solicit, advise, provide or sell any services or products of the same or similar nature
to services or products of the Company Group to any person or entity. The Employee understands that as the prohibitions contained in this
Section relate to the e-commerce industry, which is internet based and geographically boundless, this prohibition shall not be geographically
restricted. For purposes of this Agreement, Employee will be deemed to be engaged in or to have a financial interest in such competitive
business if he is an officer, director, shareholder, joint venturer, agent, salesperson, consultant, investor, advisor, principal or partner,
of any person, partnership, corporation, trust or other entity which is engaged in such a competitive business, or if he directly or indirectly
performs services for such an entity or if a member of Employee’s immediate family beneficially owns an equity interest, or interest
convertible into equity, in any such entity; provided, however, that the foregoing will not prohibit Employee or a member of his immediate
family from owning, for the purpose of passive investment, less than 5% of any class of securities of a publicly held corporation.

 

    6

     

    

 

d. Non-Solicitation/Non-Interference.
Employee agrees that during his employment and during the Restricted Period, he shall not (and shall cause any entity controlled by him
not to), directly or indirectly, acting as an employee, owner, shareholder, partner, joint venturer, officer, director, agent, salesperson,
consultant, advisor, investor or principal of any corporation, trust or other entity: (i) solicit, request or otherwise attempt to induce
or influence, directly or indirectly, any present client, distributor, licensor or supplier, or prospective client, distributor, licensor
or supplier, of the Company Group, or other persons sharing a business relationship with the Company Group, to cancel, limit or postpone
their business with the Company Group, or otherwise take action which might cause a financial disadvantage of the Company Group; or (ii)
hire or solicit for employment, directly or indirectly, or induce or actively attempt to influence, any employee, officer, director, agent,
contractor or other business associate of the Company Group, to terminate his or her employment or discontinue such person’s consultant,
contractor or other business association with the Company Group. For purposes of this Agreement the term prospective client shall mean
any person, group of associated persons or entity whose business the Company Group has solicited at any time prior to the termination
of his employment.

 

e. Non-Disparagement.
The Parties agree that they will not in any way disparage each other, including current or former officers, directors and employees, nor
will they make or solicit any comments, statements or the like to the media or to others that may be considered to be disparaging, derogatory
or detrimental to the good name or business reputation of the other.

 

f. Enforcement
Provisions. In order to ensure compliance with this Agreement, upon the written request of the Company, the Employee agrees to provide
the Company with full cooperation and such information as Company may reasonably require relating to its investigation of any potential
breaches of the Agreement. This provision shall be enforceable in accordance with Section 15(a) of this Agreement.

 

g. Certain
Exceptions. Notwithstanding anything set forth herein, nothing in this Agreement shall (i) prohibit the Employee from making reports
of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules
promulgated under Section 21F of the Securities Exchange Act of 1934, as amended, or Section 806 of the Sarbanes-Oxley Act of 2002, or
of any other whistleblower protection provisions of federal law or regulation, or (ii) require notification or prior approval by the Company
of any such report; provided that, the Employee is not authorized to disclose communications with counsel that were made for the purpose
of receiving legal advice or that contain legal advice or that are protected by the attorney work product or similar privilege. Furthermore,
the Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that is made (i) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney,
in each case, solely for the purpose of reporting or investigating a suspected violation of law or (ii) in a complaint or other document
filed in a lawsuit or proceeding, if such filings are made under seal. Nothing herein regarding confidentiality shall prohibit the Employee
from contacting the EEOC, SEC, or other governmental agencies to report any violations of law or the Employee’s belief as to such
violations and no action shall be taken to retaliate against the Employee because of such reports or filings.

 

    7

     

    

 

8. Ownership
of Intellectual Property.  Employee acknowledges that the Company Group shall be the sole owner of all the results and products
of the services Employee provides to the Company Group, and any and all inventions made, developed or created by Employee (whether at
the request or suggestion of the Company Group or otherwise, whether alone or in conjunction with others, and whether during regular hours
of work or otherwise) during the period of Employee’s employment by the Company, relating to or which may be directly or indirectly
useful to the Company Group’s business (collectively, the “Developments”). All right, title and interest in the Developments
shall be and remain the sole and exclusive property of the Company. Employee shall promptly disclose any and all Developments to the Company
and shall deliver to the Company all papers, data and other materials relating to any Developments made, developed or created by Employee.
Employee acknowledges that all copyrightable Developments shall be considered works “made for hire” or commissioned works
under the Federal Copyright Act. Employee hereby assigns all Developments to the Company and agrees that Employee shall execute such documents
and cooperate with the Company’s reasonable requests in connection with any copyright or patent applications and do all other acts
as the Company reasonably deems necessary to establish, protect, enforce or defend the Employer’s right, title and interest in such
Developments. Finally, Employee acknowledges that the Company has the right to decide all issues relating to the format, style or printing
of Developments, the presentation, trademark, logo imprint or other identifying mark, the retail price and all other matters relating
to sale, distribution, advertising or promotion of Developments.

 

9. Attorneys’
Fees. If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of any provision 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 pursuant to the underlying action.

 

10. No
Conflicts. Employee represents and warrants to the Company that the execution, delivery and performance by him of this Agreement does
not conflict with, or result in, a violation or breach of, or constitute (with or without the giving of notice or the lapse of time or
both) a default under any contract, agreement or understanding, whether oral or written, to which he is a party or by which he is bound
and that there are no restrictions, covenants, agreements or limitations on his right or ability to enter into and perform the terms of
this Agreement, and Employee agrees to indemnify and hold the Company harmless from any liability, cost or expense, including attorney’s
fees, based upon or arising out of any breach of this Section 10.

 

11. Waiver.
The waiver by either party of any breach by the other party of any provision of this Agreement shall not operate or be construed as a
waiver of any subsequent breach by such party. No person acting other than pursuant to a resolution of the Company shall have authority
on behalf of the Company to agree to amend, modify, repeal, waive or extend any provision of this Agreement.

 

12. Assignment.
Neither this Agreement nor any of Employee’s rights, powers, duties, or obligations hereunder may be assigned by Employee. This
Agreement shall be binding upon and inure to the benefit of Employee and his or her heirs and legal representatives and the Company and
its successors. Successors of the Company shall include, without limitation, any company or companies acquiring, directly or indirectly,
all or substantially all of the assets of the Company, whether by merger, consolidation, purchase, lease, or otherwise, and such successor
shall thereafter be deemed “the Company” for the purpose hereof.

 

    8

     

    

 

13.
AGREEMENT TO ARBITRATE ALL CLAIMS. Any controversy or claim arising out of or relating to this Employment Agreement and the Employee’s
employment with the Company Group, shall be adjudicated and settled by binding arbitration, administered by the American Arbitration Association
under its Employment Arbitration Rules and Mediation Procedures at a location in the State of New Jersey. This agreement to arbitrate
includes all claims whether arising in tort or contract and whether arising under statute or common law including, but not limited to,
any claim of breach of contract, discrimination or harassment of any kind. In agreeing to submit all claims to Arbitration, the Employee
hereby acknowledges and agrees that he is VOLUNTARILY WAIVING AND RELINQUISHING HIS RIGHT TO A JURY TRIAL. The judgment upon the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The Parties agree to be bound by the decision of
the arbitrator(s). The costs and expenses of the arbitrators shall be shared equally by the parties, which each party responsible for
its own costs and expenses in presenting the dispute for arbitration.

 

14. Notices.
All notices that are to be sent under this Agreement shall be done in writing and to be delivered via Certified Mail (return receipt)
to the following mailing addresses:

 

	
    If Notice To Company
	
    If Notice to Employee

	 	 
	
    PARTS iD, LLC.

    Attn: Legal; Attn: Finance

    1 Corporate Drive, Suite C

    Cranbury, New Jersey 08512

    [legal@partsid.com;
finance@partsid.com] 
	
    Mr. Antonino Ciappina,

    44 Oakhill Road

    Midland Park, New Jersey 07432

    Antonino.ciappina@gmail.com

 

Delivery shall be deemed effective upon
(a) receipt of actual Notice by the Party, or (b) confirmation of the carrier that such Notice was, in fact, delivered. In the event
that a Party rejects the Notice, confirmation of such rejection shall constitute delivery for purposes herein. The aforementioned addresses
may be changed with the act of either party providing written notice. Additionally, the parties may satisfy this requirement by email,
by sending Notice to the email addresses listed above. Delivery of email shall be deemed effective upon proper delivery receipt from
serve.

 

15. Construction
of Agreement.

 

a. Governing
Law. This Agreement shall be governed under the laws in the State of New Jersey. EACH PARTY HERETO SPECIFICALLY WAIVES ANY RIGHT IT
MIGHT OTHERWISE HAVE TO A JURY TRIAL WITH RESPECT TO ANY MATTER ARISING UNDER THIS AGREEMENT.

 

b. Severability;
Survivorship. In the event that any one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby. Furthermore,
except as otherwise set forth in this Agreement, the respective rights and obligations of the parties shall survive any termination of
Employee’s employment.

 

    9

     

    

 

c. Headings.
The descriptive headings of the several paragraphs of this Agreement are inserted for the convenience of the reader, for reference only,
and shall not constitute a part of this Agreement.

 

d. Section
409A. (i) If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause
the Employee to incur any additional tax or interest under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)
or any regulations or Treasury guidance promulgated thereunder, the Company shall reform such provision to comply with Section 409A of
the Code; provided, that the Company agrees to maintain, to the maximum extent practicable, the original intent and economic benefit
to the Employee of the applicable provision without violating the provisions of Section 409A of the Code. (ii) Notwithstanding any provision
to the contrary in this Agreement, if the date of any payment or the commencement of any installment payments payable under this Agreement
must be delayed for six months in order to meet the requirements of Section 409A(a)(2)(B) of the Code applicable to “specified employees”,
then any such payment or payments shall not be made or provided (subject to the last sentence hereof) prior to the earlier of (A) the
expiration of the six month period measured from the date of the Employee’s “separation from service” (as such term
is defined in Treasury Regulations issued under Code Section 409A) or (B) the date of the Employee’s death (the “Delay Period”).
Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 15(d) (whether they would have otherwise
been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee in a lump sum,
and any remaining payments due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for
them herein. (iii) A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits subject to Code Section 409A upon or following a termination of employment unless
such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any such
provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean
“separation from service.” (iv) (a) All expenses or other reimbursements as provided herein shall be payable in accordance
with the Company’s policies in effect from time to time, but in any event shall be made on or prior to the last day of the taxable
year following the taxable year in which such expenses were incurred by the Employee; (b) no such reimbursement or expenses eligible for
reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year; and (c) the
right to reimbursement or in-kind benefits shall not be subject to liquidation or exchanged for another benefit. (v) For purposes
of Code Section 409A, the Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a
right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference
to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual
date of payment within the specified period shall be within the sole discretion of the Company.

 

e. Voluntary
Agreement. Employee hereby acknowledges and represents that Employee (a) has read and understands the foregoing Agreement, is competent
and of sound mind to execute this Agreement; (b) has been afforded, and advised to do so by the Company, the opportunity to consult with
an attorney of Employee’s own choosing concerning the terms of this Agreement; and (c) has affixed Employee’s signature hereto
voluntarily and without coercion, based on his own judgment and without duress.

 

f. Entire
Agreement. Other than as set forth herein, this Agreement contains the entire agreement of the parties concerning Employee’s
employment and all promises, representations, understandings, arrangements and prior agreements on such subject (including without limitation
the Original Agreement) are merged herein and superseded hereby.

 

    10

     

    

 

IN WITNESS WHEREOF, the Company has caused this Employment Agreement
to be executed by its duly authorized officer and Employee has set his hand, all as of the day and year first above written.

 

	Antonino Ciappina	 	PARTS iD, LLC
	 	 	 
	/s/ Antonino Ciappina 	 	/s/ Kailas Agrawal
	(Signature)	 	(Signature)
	 	 	 
	Antonino Ciappina	 	Kailas Agrawal
	(Printed Name)	 	(Printed Name)
	 	 	 
	CEO and Assistant Corporate Secretary	 	CFO and Corporate Secretary
	(Title)	 	(Title)
	 	 	 
	 	 	 
	(Date)	 	(Date)

 

    11

     

    

 

EXHIBIT A

 

Prior Inventions: noneExhibit 10.3

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement (“Agreement”)
is amended and restated on July 13, 2021 (the “Amendment Date”), between Parts iD, LLC, a Delaware limited liability company
having its principal place of business at 1 Corporate Drive, Suite C, Cranbury, New Jersey, 08512, (the “Company”),
and Kailas Agrawal, with a mailing address of 2 Sisley Crescent, Thornhill ON L4J9J1 (“Employee”). Additionally,
both Employee and Company may be referred to as a “Party,” or “Parties” throughout this Agreement.

 

WHEREAS, the
Employee entered into an employment agreement with Onyx Enterprises Int’l Corp., a New Jersey registered Corporation (“Onyx”),
on August 4, 2020 (the “Original Agreement”);

 

WHEREAS, on November 20, 2020 (the
“Closing Date”), PARTS iD, Inc., a Delaware corporation (f/k/a Legacy Acquisition Corp. (“Legacy” or “Parent”))
consummated the transactions contemplated by that certain Business Combination Agreement dated September 18, 2020 (the “Business
Combination Agreement”), by and among Legacy and the other parties thereto, including Onyx;

 

WHEREAS, as
a result of the closing of the transactions contemplated by the Business Combination Agreement (the “Closing”), Onyx was merged
with and into the Company, as the surviving entity and a wholly owned subsidiary of Parent; and

 

WHEREAS, the
Company, as the successor to Onyx, and the Employee desire to amend and restate the Original Agreement to reflect certain changes in the
terms and conditions of the Employee’s employment with the Company and its affiliates. For the avoidance of doubt, this amendment
and restatement does not change the signing bonus, base salary or quarterly bonuses in respect of calendar year 2020 that were actually
paid to the Employee by the Company prior to the Amendment Date under the Original Agreement.

 

NOW, THEREFORE, IN CONSIDERATION
of the promises and mutual covenants contained herein, and intending to be legally bound, the parties agree as follows:

 

1. Position
and Term. On the terms and subject to the conditions set forth in this Agreement, the Company shall employ Employee, and Employee
shall serve the Company as the Chief Financial Officer (“CFO”) and Corporate Secretary of Parent and the Company, reporting
directly to the Chief Executive Officer (“CEO”) of Parent.

 

     

     

    

 

2. Duties.
Employee’s duties shall be prescribed from time to time by the Board of Directors of Parent (the “Board”) and
shall include such responsibilities as are customary for employees performing functions similar to those of Employee. In addition,
Employee shall serve at no additional compensation in such executive capacity or capacities with respect to any subsidiary or
affiliate of Parent or the Company, respectively, to which he may be elected, assigned or appointed. Employee shall devote
substantially all of his time and attention to the performance of his duties and responsibilities for and on behalf of Parent, the
Company and their subsidiaries and affiliates (individually or collectively, as the context may require, the “Company
Group”) except as set forth herein, or as may be consented to by the Company. In addition, Employee shall be required to
travel to all locations, whether national or international, in order to further develop and learn the needs of the business.
Notwithstanding anything to the contrary herein, nothing in this Agreement shall preclude Employee from: (i) serving as a member of
the board of directors or advisory board (or their equivalents in the case of a non-corporate entity) of any charitable or
philanthropic organization, separate from the Company Group; (ii) engaging in charitable, community or philanthropic activities or
any other activities or (iii) serving as an executor, trustee or in a similar fiduciary capacity; provided, that the
activities set out in the foregoing clauses shall be limited by Employee so as not to affect, individually or in the aggregate, or
interfere with the performance of Employee’s duties and responsibilities hereunder, without the consent of the Company. During
Employee’s employment with the Company, Employee shall be governed by, subject to, and be in compliance with all Company Group
policies, procedures, guidelines, practices, rules and regulations applicable to employees generally (“Company
Policies”), including without limitation, the Company’s Employee Handbook, and in each case, as they may be amended from
time to time in the Company’s sole discretion. It is expressly understood that any violation of the terms of such Company
Policies shall be considered a breach of the terms of this Agreement.

 

3. Starting
Date, At Will Employment. The Employee began his employment with the Company on August 6, 2020 (“Starting Date”).
The Employee’s employment hereunder is on an at-will basis. Both Parties agree that this Agreement and the Employee’s employment
may be terminated at any time by either the Employee or Company at any time for any reason or for no reason. After termination of this
Agreement by either of the Parties, neither will have any obligation other than what is specifically agreed to herein.

 

4.
Representations and Warranties.

 

The Employee
hereby represents and warrants to the Company that the Employee has the full right, power and legal capacity to enter and deliver this
Agreement and to perform his duties and other obligations hereunder. This Agreement constitutes the legal, valid and binding obligation
of the Employee enforceable against him in accordance with its terms.

 

The Company represents and warrants to the Employee as follows:

 

a. The
Company is duly organized, validly existing and in good standing under the laws of the State of Delaware, with all requisite corporate
power and authority to conduct its business in the manner presently contemplated.

 

b. The
Company has full power and authority to enter into this Agreement and to incur and perform its obligations hereunder.

 

c. The
execution, delivery and performance by the Company of this Agreement does not conflict with or result in a breach or violation of or constitute
a default under (whether immediately, upon the giving of notice or lapse of time or both) the certificate of incorporation or bylaws of
the Company, or any agreement or instrument to which the Company is a party or by which the Company of any of its properties may be bound
or affected.

 

    2

     

    

 

d. The
Company makes no representations or warranties regarding any pending sale, merger or acquisition of or by the Company that could result
in the change of management or control, except that the Company reserves the right at all times to enter into to such transactions in
the best interests of the Company and its shareholders.

 

5. Compensation.
The Employee shall receive, for all services rendered to the Company pursuant to this Agreement, the following:

 

a. Salary.
Employee shall be paid a compensation package at the rate of $300,000 per annum (the “Salary”). The Salary shall be
payable in accordance with the Company’s then current general salary payment policies and shall be paid on a bi- weekly basis
and subject to deductions for taxes and other withholdings as required by law and/or the policies of the Company. Furthermore,
during employment, the Employee shall be eligible for periodic increases in Salary, in the sole discretion of the Company.

 

b. Bonus.
The Employee shall be eligible to earn an annual bonus for each fiscal year of the Parent based on the achievement of pre-established
performance goals set each fiscal year of the Parent by the Board or the Compensation Committee of the Board. The amount of the annual
bonus earned by the Employee in respect of any fiscal year will be determined by the Board or the Compensation Committee, and any such
amount will be paid to the Employee no later than March 15 of the year following the year in which such bonus was earned, subject to the
Employee’s continued employment with the Company Group through such date. The Employee’s target annual bonus for the Parent’s
2021 fiscal year will be equal to 30% of his base salary. The annual bonus will also be subject to any terms or conditions of the annual
bonus plan that may be in effect from time to time.

 

c. Benefits.
Employee and his “dependents,” as that term may be defined under the applicable benefit plan(s) of the Company, shall be entitled
to participate, to the extent eligible thereunder, in any and all standard benefit plans, programs and policies of the Company, which
may include health care insurance (medical, dental and vision), long-term disability plans, life insurance, supplemental disability insurance,
supplemental life insurance and a 401(k) plan (the “Benefits Plans”). Further, after the date of joining, the Employee has
the option to enroll under the currently established 401(k) Plan. The currently available 401(k) plan is a Defined Contribution Plan,
without an Employer match. The Employee acknowledges and agrees that the Benefits Plans may from time to time be modified by the Company
as it deems necessary and appropriate.

 

d. Deductions.
The Company shall deduct and withhold from Employee’s gross compensation all necessary or required federal, New Jersey State, and
local taxes, including, but not limited to, social security, self-employment, withholding and otherwise, and any other amounts required
by law or any taxing authority.

 

    3

     

    

 

e. Absences,
Paid Time Off & Vacation Time. In accordance with applicable Federal, and State law, the Company provides employees with flexible
Paid Time Off (“PTO”), which can be used for desired needs of the Employee, including vacation time, personal or family illness,
sick leave, or any other time off, per annum. Employee shall be permitted to accrue up to 4 weeks (or 20 business days) of flexible Paid
Time Off (“PTO”) which is accrued on a monthly basis, and in accordance with the Company’s current procedures and policies,
as the same may be amended from time to time. PTO does not include company recognized holidays, which are announced annually to all employees
by the Human Resources Department and will also be available upon request of the Employee. PTO, as contemplated in this Section, shall
follow the rules as outlined in the Company’s Employee Handbook, as well as be subject to any other Company Policies in effect at
the time of the execution of this Agreement.

 

f. Primary
Location. While in the U.S., the Employee is expected to operate out of the primary Company offices in the State of New Jersey, unless
otherwise traveling for business or otherwise.

 

g. Expenses.
Subject to advanced written approval by the Company, the Company shall reimburse Employee for all reasonable out-of-pocket pre-approved
business and travel expenses incurred by Employee in connection with the performance of his duties and responsibilities upon presentment
of a valid receipt or other usual and customary documents evidencing such expenses and in compliance with the Company’s expense
reimbursement policies then in effect. Approved expenses include but are not limited to travel and lodging to and from the U.S., Visa
and immigration expenses. The Company will reimburse properly substantiated and timely submitted expenses no later than 30 days after
the date the appropriate documentation is submitted by Employee.

 

h. Long
Term Incentive In Lieu of Stock Option Plan. The Company and Employee acknowledge and agree that the Employee previously participated
in a cash- based long-term incentive plan (the “LTI”). Pursuant to Section 15 of the Employee’s Restricted Stock Unit
Grant Agreement issued with a date of grant of April 16, 2021, under the Parts iD, Inc. 2020 Equity Incentive Plan (the “RSU Agreement”),
the Employee acknowledged and agreed that the LTI was terminated effective as of November 20, 2020 (the “LTI Termination Date”)
in accordance with the terms of the Original Agreement. The Parties further agreed that the Employee accrued an amount equal to $23,818.49
(the “Accrued LTI”) under the LTI prior to the LTI Termination Date, and the Employee will not accrue any additional amounts
under the Cash LTI. As provided in the RSU Agreement, the Accrued LTI will be paid to the Employee on August 6, 2022, subject to the Employee’s
continuous employment with the Company Group through such date. The Employee waives any and all claims arising out of or related to the
LTI other than the Company’s obligation to pay the Accrued LTI when it becomes due.

 

6.
Termination.

 

a. For
Cause. The Company may terminate this Agreement and the Employee’s employment hereunder at any time for Cause. “Cause”
shall mean (i) the conviction of, or the entry of a plea of guilty or nolo contendre to a charge of the commission of a felony or any
other crime involving moral turpitude or the willful commission of any other act or omission involving misappropriation, embezzlement
or fraud with respect to the Company Group, (ii) any action, behavior or conduct that brings the Company Group into material disgrace
or disrepute, causes the Company Group to suffer damage to its business interest, financial interest or reputation, or that causes the
Company Group material economic harm as reasonably determined by the Board, (iii) failure, other than by reason of death, disability or
similar incapacity, to perform duties and/or obligations as reasonably and lawfully directed by the Board, Executives, Senior Executive
officers or their respective designees, (iv) any act or omission constituting a material breach of a fiduciary duty, gross negligence
or willful misconduct or insubordination with respect to the Company Group, or (v) any material breach of this Agreement or any other
written agreement between Employee and the Company Group with respect to the treatment of confidential information, the assignment of
intellectual property rights to the Company Group or restrictive covenants limiting the activities of Employee.

 

    4

     

    

 

b. Without Cause. The
Company may, without cause, terminate this Agreement and the Employee’s employment hereunder at any time by giving thirty (30)
days’ written notice to the Employee. In that event, the Employee, if requested by the Employer, shall continue to render his
services, and shall be paid his regular compensation up to the date of termination. The Employee may, without cause, terminate this
Agreement and the Employee’s employment hereunder by giving thirty (30) days’ written notice to the Company. In such event,
the Employee shall continue to render his services and shall be paid his regular compensation up to the date of termination.

 

c. Death.
This Agreement and the Employee’s employment hereunder will terminate automatically upon the death of Employee.

 

d. Disability.
The Company may terminate this Agreement and the Employee’s employment hereunder if Employee suffers from a physical or mental disability.
Employee will only be deemed to have a physical or mental disability if he is unable to perform the essential functions of his position,
with reasonable accommodation, for a period of at least one hundred twenty (120) consecutive days because of a physical or mental impairment.

 

e. Compensation
in the Event of Termination. In the event that this Agreement and the Employee’s employment hereunder is terminated by the Company
for any reason or no reason, or terminated by the Employee, the Company shall pay to the Employee within thirty (30) days of such termination:
(i) accrued and unpaid Salary in accordance with Section 5, (ii) accrued and unpaid amounts for any unused vacation days which have accrued
(but not including any unused personal or sick days) and (iii) any unreimbursed expenses payable in accordance with this Agreement. In
the event that this Agreement and the Employee’s employment hereunder is terminated by the Company without Cause, subject to the
Employee’s execution and non-revocation of a general release of claims, the Company will continue to pay the Employee’s base
salary for three hundred sixty five (365) days (the “Severance Pay”) following such termination of employment. The Severance
Pay will be paid in bi-weekly installments in accordance with the Company’s customary payroll practices and will be subject to all
applicable withholdings, provided that any amount of the Severance Pay that would otherwise have been paid during the period from the
Employee’s termination of employment through the effective date of the Employee’s release and waiver of claims will be paid
instead in a lump-sum in the first regular bi- weekly payroll installment that follows such effective date. If the Company terminates
the employment of Employee for Cause, as defined above, or if the Employee voluntarily resigns from employment, the Employee shall not
be entitled to receive Severance Pay, but Employee shall still be entitled to payment in accordance with (i), (ii) and (iii) herein.
For the avoidance of doubt, the Severance Pay is intended to satisfy the “separation pay plan”
exception under Section 409A of the Code, and no portion of the Severance Pay will be payable later than the last day of the second taxable
year of the Employee following the taxable year of the Employee in which the separation from service occurs. 

 

    5

     

    

 

f. Return
of Property. Immediately after termination of the Employee’s employment with Company, regardless of the reason for termination,
the Employee must (at the Company’s sole option and direction) return to the Company or destroy any and all of the Company Group’s
property and Confidential Information regardless of the form or format in which it is kept, stored or maintained, whether electronic,
digital or hard-copy. Notwithstanding any other provision herein, Employee’s return and/or destruction of material pursuant to this
paragraph shall take place no later than five (5) calendar days following Employee’s separation from employment. Employee understands
and acknowledges that failure to return and/or destroy Employer’s property and Confidential Information as required herein may be
considered a breach of contract and/or a criminal act, and the Employee specifically consents to injunctive relief in favor of the Company
to enforce the provisions of this Section.

 

7. Restrictive
Covenants. Employee acknowledges and agrees that he has, and will have, access to secret and confidential information of the Company
Group (“Confidential Information”) and that the following restrictive covenants are necessary to protect the interests
and continued success of the Company Group.

 

a. Confidential
Information means all material, non-public, business- related information, whether former or informal, whether written or oral, whether
or not it is marked that it is confidential, proprietary or disclosed or made available to the Employee, directly or indirectly, through
any form or means of communication or observation as provided by the Company Group. The parties agree that the term “Confidential
Information” shall be given its broadest possible interpretation to cover all facets of business information and material shared
between management. Confidential Information shall also include any such information included in discussions which are taking place between
the Parties, whether preliminary or subsequent to the execution of this Agreement.

 

b. Confidentiality.
Employee agrees that at all times both during employment and after termination hereof, the Employee shall not disclose to any other person,
firm or entity, or in any way use for his own benefit, except as required in the conduct of the Company’s business or as authorized
in writing on behalf of the Company Group, any trade secrets or Confidential Information obtained during the course of the Employee’s
employment with Company. Employee understands that the post-employment prohibition on disclosure of Confidential Information is necessary
to effectuate the Company Group’s legitimate interests in safeguarding its business, relationships and property.

 

c. Non-Compete.
In consideration of the employment hereunder, Employee agrees that during his employment and for a period of two (2) years after the termination
or separation thereof (the “Restricted Period”), he will not (and will cause any entity controlled by him not to), directly
or indirectly, whether or not for compensation and whether or not as an employee, be engaged in or have any financial interest in any
business competing with the business of the Company Group within any state, country, region or locality in which the Company Group is
then doing business or marketing its products or solicit, advise, provide or sell any services or products of the same or similar nature
to services or products of the Company Group to any person or entity. The Employee understands that as the prohibitions contained in this
Section relate to the e-commerce industry, which is internet based and geographically boundless, this prohibition shall not be geographically
restricted. For purposes of this Agreement, Employee will be deemed to be engaged in or to have a financial interest in such competitive
business if he is an officer, director, shareholder, joint venturer, agent, salesperson, consultant, investor, advisor, principal or partner,
of any person, partnership, corporation, trust or other entity which is engaged in such a competitive business, or if he directly or indirectly
performs services for such an entity or if a member of Employee’s immediate family beneficially owns an equity interest, or interest
convertible into equity, in any such entity; provided, however, that the foregoing will not prohibit Employee or a member of his immediate
family from owning, for the purpose of passive investment, less than 5% of any class of securities of a publicly held corporation.

 

    6

     

    

 

d. Non-Solicitation/Non-Interference.
Employee agrees that during his employment and during the Restricted Period, he shall not (and shall cause any entity controlled by him
not to), directly or indirectly, acting as an employee, owner, shareholder, partner, joint venturer, officer, director, agent, salesperson,
consultant, advisor, investor or principal of any corporation, trust or other entity: (i) solicit, request or otherwise attempt to induce
or influence, directly or indirectly, any present client, distributor, licensor or supplier, or prospective client, distributor, licensor
or supplier, of the Company Group, or other persons sharing a business relationship with the Company Group, to cancel, limit or postpone
their business with the Company Group, or otherwise take action which might cause a financial disadvantage of the Company Group; or (ii)
hire or solicit for employment, directly or indirectly, or induce or actively attempt to influence, any employee, officer, director, agent,
contractor or other business associate of the Company Group to terminate his or her employment or discontinue such person’s consultant,
contractor or other business association with the Company Group. For purposes of this Agreement the term prospective client shall mean
any person, group of associated persons or entity whose business the Company Group has solicited at any time prior to the termination
of his employment.

 

e. Non-Disparagement.
The Parties agree that they will not in any way disparage each other, including current or former officers, directors and employees, nor
will they make or solicit any comments, statements or the like to the media or to others that may be considered to be disparaging, derogatory
or detrimental to the good name or business reputation of the other.

 

f. Enforcement
Provisions. In order to ensure compliance with this Agreement, upon the written request of the Company, the Employee agrees to provide
the Company with full cooperation and such information as Company may reasonably require relating to its investigation of any potential
breaches of the Agreement. This provision shall be enforceable in accordance with Section 15(a) of this Agreement.

 

g. Certain
Exceptions. Notwithstanding anything set forth herein, nothing in this Agreement shall (i) prohibit the Employee from making reports
of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules
promulgated under Section 21F of the Securities Exchange Act of 1934, as amended, or Section 806 of the Sarbanes-Oxley Act of 2002, or
of any other whistleblower protection provisions of federal law or regulation, or (ii) require notification or prior approval by the Company
of any such report; provided that, the Employee is not authorized to disclose communications with counsel that were made for the purpose
of receiving legal advice or that contain legal advice or that are protected by the attorney work product or similar privilege. Furthermore,
the Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that is made (i) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney,
in each case, solely for the purpose of reporting or investigating a suspected violation of law or (ii) in a complaint or other document
filed in a lawsuit or proceeding, if such filings are made under seal. Nothing herein regarding confidentiality shall prohibit the Employee
from contacting the EEOC, SEC, or other governmental agencies to report any violations of law or the Employee’s belief as to such
violations and no action shall be taken to retaliate against the Employee because of such reports or filings.

 

    7

     

    

 

8. Ownership
of Intellectual Property. Employee acknowledges that the Company Group shall be the sole owner of all the results and products of
the services Employee provides to the Company Group, and any and all inventions made, developed or created by Employee (whether at the
request or suggestion of the Company Group or otherwise, whether alone or in conjunction with others, and whether during regular hours
of work or otherwise) during the period of Employee’s employment by the Company, relating to or which may be directly or indirectly
useful to the Company Group’s business (collectively, the “Developments”). All right, title and interest in the Developments
shall be and remain the sole and exclusive property of the Company Group. Employee shall promptly disclose any and all Developments to
the Company and shall deliver to the Company all papers, data and other materials relating to any Developments made, developed or created
by Employee. Employee acknowledges that all copyrightable Developments shall be considered works “made for hire” or commissioned
works under the Federal Copyright Act. Employee hereby assigns all Developments to the Company and agrees that Employee shall execute
such documents and cooperate with the Company’s reasonable requests in connection with any copyright or patent applications and
do all other acts as the Company reasonably deems necessary to establish, protect, enforce or defend the Employer’s right, title
and interest in such Developments. Finally, Employee acknowledges that the Company has the right to decide all issues relating to the
format, style or printing of Developments, the presentation, trademark, logo imprint or other identifying mark, the retail price and all
other matters relating to sale, distribution, advertising or promotion of Developments.

 

9. Attorneys’
Fees. If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of any provision 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 pursuant to the underlying action.

 

10. No
Conflicts. Employee represents and warrants to the Company that the execution, delivery and performance by him of this Agreement does
not conflict with, or result in, a violation or breach of, or constitute (with or without the giving of notice or the lapse of time or
both) a default under any contract, agreement or understanding, whether oral or written, to which he is a party or by which he is bound
and that there are no restrictions, covenants, agreements or limitations on his right or ability to enter into and perform the terms of
this Agreement, and Employee agrees to indemnify and hold the Company harmless from any liability, cost or expense, including attorney’s
fees, based upon or arising out of any breach of this Section 10.

 

11. Waiver.
The waiver by either party of any breach by the other party of any provision of this Agreement shall not operate or be construed as a
waiver of any subsequent breach by such party. No person acting other than pursuant to a resolution of the Company shall have authority
on behalf of the Company to agree to amend, modify, repeal, waive or extend any provision of this Agreement.

 

    8

     

    

 

12. Assignment.
Neither this Agreement nor any of Employee’s rights, powers, duties, or obligations hereunder may be assigned by Employee. This
Agreement shall be binding upon and inure to the benefit of Employee and his or her heirs and legal representatives and the Company and
its successors. Successors of the Company shall include, without limitation, any company or companies acquiring, directly or indirectly,
all or substantially all of the assets of the Company, whether by merger, consolidation, purchase, lease, or otherwise, and such successor
shall thereafter be deemed “the Company” for the purpose hereof.

 

13. AGREEMENT
TO ARBITRATE ALL CLAIMS. Any controversy or claim arising out of or relating to this Employment Agreement and the Employee’s
employment with the Company, shall be adjudicated and settled by binding arbitration, administered by the American Arbitration Association
under its Employment Arbitration Rules and Mediation Procedures at a location in the State of New Jersey. This agreement to arbitrate
includes all claims whether arising in tort or contract and whether arising under statute or common law including, but not limited to,
any claim of breach of contract, discrimination or harassment of any kind. In agreeing to submit all claims to Arbitration, the Employee
hereby acknowledges and agrees that he is VOLUNTARILY WAIVING AND RELINQUISHING HIS RIGHT TO A JURY TRIAL. The judgment upon the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The Parties agree to be bound by the decision of
the arbitrator(s). The costs and expenses of the arbitrators shall be shared equally by the parties, which each party responsible for
its own costs and expenses in presenting the dispute for arbitration.

 

14. Notices.
All notices that are to be sent under this Agreement shall be done in writing and to be delivered via Certified Mail (return receipt)
to the following mailing addresses:

 

	If Notice To Company	If Notice to Employee
	 	 
	
    PARTS iD, LLC

    Attn: Legal;
    Attn: Finance 1

 Corporate Drive, Suite C

 Cranbury, New Jersey 08512

    legal@partsid.com;
    finance@partsid.com
	
    Mr. Kailas
    Agrawal,

 2 Sisley Crescent

 Thornhill, ON L4J9J1

    kailas_agrawal@yahoo.com

 

Delivery shall be deemed effective
upon (a) receipt of actual Notice by the Party, or (b) confirmation of the carrier that such Notice was, in fact, delivered. In the event
that a Party rejects the Notice, confirmation of such rejection shall constitute delivery for purposes herein. The aforementioned addresses
may be changed with the act of either party providing written notice. Additionally, the parties may satisfy this requirement by email,
by sending Notice to the email addresses listed above. Delivery of email shall be deemed effective upon proper delivery receipt from serve.

 

    9

     

    

 

15.
Construction of Agreement.

 

a. Governing
Law. This Agreement shall be governed under the laws in the State of New Jersey. EACH PARTY HERETO SPECIFICALLY WAIVES ANY RIGHT IT
MIGHT OTHERWISE HAVE TO A JURY TRIAL WITH RESPECT TO ANY MATTER ARISING UNDER THIS AGREEMENT.

 

b. Severability;
Survivorship. In the event that any one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby. Furthermore,
except as otherwise set forth in this Agreement, the respective rights and obligations of the parties shall survive any termination of
Employee’s employment.

 

c. Headings.
The descriptive headings of the several paragraphs of this Agreement are inserted for the convenience of the reader, for reference only,
and shall not constitute a part of this Agreement.

 

d. Section
409A. (i) If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause
the Employee to incur any additional tax or interest under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)
or any regulations or Treasury guidance promulgated thereunder, the Company shall reform such provision to comply with Section 409A of
the Code; provided, that the Company agrees to maintain, to the maximum extent practicable, the original intent and economic benefit
to the Employee of the applicable provision without violating the provisions of Section 409A of the Code. (ii) Notwithstanding any provision
to the contrary in this Agreement, if the date of any payment or the commencement of any installment payments payable under this Agreement
must be delayed for six months in order to meet the requirements of Section 409A(a)(2)(B) of the Code applicable to “specified employees”,
then any such payment or payments shall not be made or provided (subject to the last sentence hereof) prior to the earlier of (A) the
expiration of the six month period measured from the date of the Employee’s “separation from service” (as such term
is defined in Treasury Regulations issued under Code Section 409A) or (B) the date of the Employee’s death (the “Delay Period”).
Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 15(d) (whether they would have otherwise
been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee in a lump sum,
and any remaining payments due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for
them herein. (iii) A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing
for the payment of any amounts or benefits subject to Code Section 409A upon or following a termination of employment unless such termination
is also a “separation from service” within themeaning of Code Section 409A and, for purposes
of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms
shall mean “separation from service.” (iv) (a) All expenses or other reimbursements as provided herein shall be payable in
accordance with the Company’s policies in effect from time to time, but in any event shall be made on or prior to the last day of
the taxable year following the taxable year in which such expenses were incurred by the Employee; (b) no such reimbursement or expenses
eligible for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year;
and (c) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchanged for another benefit. (v) For purposes
of Code Section 409A, the Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a
right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference
to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual
date of payment within the specified period shall be within the sole discretion of the Company.

 

e. Voluntary
Agreement. Employee hereby acknowledges and represents that Employee (a) has read and understands the foregoing Agreement, is competent
and of sound mind to execute this Agreement; (b) has been afforded, and advised to do so by the Company, the opportunity to consult with
an attorney of Employee’s own choosing concerning the terms of this Agreement; and (c) has affixed Employee’s signature hereto
voluntarily and without coercion, based on his own judgment and without duress.

 

f. Entire
Agreement. Other than as set forth herein, this Agreement contains the entire agreement of the parties concerning Employee’s
employment and all promises, representations, understandings, arrangements and prior agreements on such subject (including without limitation
the Original Agreement) are merged herein and superseded hereby.

 

    10

     

    

 

IN WITNESS WHEREOF, the Company has caused this Employment
Agreement to be executed by its duly authorized officer and Employee has set his hand, all as of the day and year first above written.

 

	KAILAS AGRAWAL	 	PARTS iD, LLC
	 	 	 
	/s/ Kailas Agrawal	 	/s/ Antonino Ciappina
	(Signature)	 	(Signature)
	 	 	 
	Kailas Agrawal	 	Antonino Ciappina
	(Printed Name)	 	(Printed Name)
	 	 	 
	CFO and Corporate Secretary	 	CEO and Assistant Corporate Secretary
	 (Title)	 	 (Title)
	 	 	 
	(Date)	 	(Date)

 

    11

     

    

 

EXHIBIT A

 

Prior Inventions: none

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]