Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (“NOTE”) HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  THIS NOTE HAS BEEN ACQUIRED
FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
 

 

PROMISSORY NOTE

 

	Principal Amount:  Up to $750,000	
     Dated as of February 13,
    2022

     New York, New York

 

Edoc Acquisition Corp., a
Cayman Islands exempted company (the “Maker”), promises to pay to the order of American Physicians LLC or its registered assigns
or successors in interest or order (“Payee”), the principal sum of up to Seven Hundred Fifty Thousand Dollars ($750,000.00)
in lawful money of the United States of America, on the terms and conditions described below.  All payments on this Note (unless
the full principal is converted pursuant to Section 15 below) shall be made by check or wire transfer of immediately available funds to
such account as Payee may from time to time designate by written notice in accordance with the provisions of this Note.

 

	 	1.	Repayment. The principal balance of this Note shall be payable on the earliest to occur of (i) the date on which Maker consummates its initial business combination (the “Business Combination”) and (ii) the date that the winding up of Maker is effective (such date, the “Maturity Date”). The principal balance may be prepaid at any time, at the election of Maker before Maturity Date.

 

	 	2.	Interest. This Note shall be non-interest bearing.

 

	 	3.	Drawdown Requests. Payee, in its sole and absolute discretion, may fund up to Seven Hundred Fifty Thousand Dollars ($750,000.00) for costs reasonably related to Maker’s consummation of a Business Combination. The principal of this Note may be drawn down from time to time until the date on which Maker consummates its Business Combination, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must be in multiples of not less than Ten Thousand Dollars ($10,000.00) unless agreed upon by Maker and Payee. Payee, in its sole discretion, shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note shall not exceed Seven Hundred Fifty Thousand Dollars ($750,000.00). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. Except as set forth herein, no fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

	 	4.	Application of Payments. All payments received by Payee pursuant to this Note shall be applied first to the payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, and then to the reduction of the unpaid principal balance of this Note.

 

	 	5.	Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure to Make Required Payments.
Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the Maturity Date.

 

(b) Voluntary Bankruptcy, etc.
The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar
law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator
(or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit
of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker
in furtherance of any of the foregoing.

 

(c) Involuntary Bankruptcy, Etc.
The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under
any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator
(or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs,
and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

     

     

    

 

6.
Remedies.

 

(a)  Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be
due immediately and payable, whereupon the unpaid principal amount of this Note and all other amounts payable hereunder, shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived,
anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)  Upon
the occurrence of an Event of Default specified in Sections 5(b) and 5(c) hereof, the unpaid principal balance of this Note and all other
amounts payable hereunder, shall automatically and immediately become due and payable, in all cases without any action on the part of
Payee.

 

7.
Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted
by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any
property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under
execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that
any real or personal property that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued
hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

8.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or
enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any
other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee
with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may
become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9.
Notices. All notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing
and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax
number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided
to such party or such other electronic mail address as may be designated in writing by such party.  Any notice or other communication
so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt
of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier
service or five (5) days after mailing if sent by mail.

 

10.
Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO THE CONFLICT
OF LAWS PROVISIONS THEREOF.

 

11.
Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

 

12.
Trust Waiver.  Notwithstanding anything herein to the contrary, Payee hereby waives any claim in or to any distribution
of or from the trust account (the “Trust Account”) established in connection with Maker’s initial public offering
(the “IPO”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any claim against the
Trust Account for any reason whatsoever; provided, however, that upon the consummation of the Business Combination, Maker shall repay
the principal balance of this Note out of the proceeds released to Maker from the Trust Account.

 

13.
Amendment; Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written
consent of Maker and Payee.

 

14.
Assignment.  No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the
required consent shall be void; provided, however, that the foregoing shall not apply to an affiliate of Payee who agrees
to be bound to the terms of this Note.

 

    2

     

    

 

15.
Conversion.

 

(a) Notwithstanding anything
contained in this Note to the contrary, if, prior to the Business Combination, the principal balance of the this Note has not been paid
in full, then, at Payee’s option, , Payee may elect to convert, on the date of the Business Comabination, up to Six Hundred Thousand
Dollars ($600,000.00) of the unpaid principal balance of this Note into that number of units, each unit consisting of one Class A ordinary
share of the Maker, one right exchangeable into one-tenth of one Class A ordinary share and one warrant exercisable for one-half of one
Class A ordinary share of the Maker (the “Conversion Units”), equal to: (x) the portion of the principal
amount of this Note being converted pursuant to this Section 15, divided by (y) $10.00, rounded up to the nearest whole number of units.
The Conversion Units shall be identical to the units issued by the Maker to the Payee in a private placement upon consummation of the
Maker’s initial public offering. The Conversion Units and their underlying securities, and any other equity security of Maker issued
or issuable with respect to the foregoing by way of a share dividend or share split or in connection with a combination of shares, recapitalization,
amalgamation, consolidation or reorganization, shall be entitled to the registration rights set forth in Section 16 hereof.

 

(b) Upon any complete or partial
conversion of the principal amount of this Note, (i) such principal amount shall be so converted and such converted portion of this Note
shall become fully paid and satisfied, (ii) Payee shall surrender and deliver this Note, duly endorsed, to Maker or such other address
which Maker shall designate against delivery of the Conversion Units, (iii) Maker shall promptly deliver a new duly executed Note to Payee
in the principal amount that remains outstanding, if any, after any such conversion and (iv) in exchange for all or any portion of the
surrendered Note, Maker shall, at the direction of Payee, deliver to Payee (or its members or their respective affiliates) (Payee or such
other persons, the “Holders”) the Conversion Units, which shall bear such legends as are required, in the opinion of
counsel to Maker or by any other agreement between Maker and Payee and applicable state and federal securities laws.

 

(c) The Holders shall pay
any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Units upon conversion of
this Note pursuant hereto; provided, however, that the Holders shall not be obligated to pay any transfer taxes resulting from any transfer
requested by the Holders in connection with any such conversion.

 

(d) The Conversion Units shall
not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable provisions of law. 

 

	 	16.	Registration Rights.

 

(a) Reference is made to that
certain Registration Rights Agreement between Maker and the parties thereto, dated as of November 9, 2020 (the “Registration
Rights Agreement”). All capitalized terms used in this Section 16 shall have the same meanings ascribed to them in the Registration
Rights Agreement.

 

(b) The Holders shall be entitled
to one Demand Registration, which shall be subject to the same provisions as set forth in Section 2.1 of the Registration Rights Agreement.

 

(c) The Holders shall also
be entitled to include the Conversion Units and their underlying securities in Piggyback Registrations, which shall be subject to the
same provisions as set forth in Section 2.2 of the Registration Rights Agreement; provided, however, that in the event that an underwriter
advises Maker that the Maximum Number of Securities has been exceeded with respect to a Piggyback Registration, the Holders shall not
have any priority for inclusion in such Piggyback Registration.

 

(d) Except as set forth above,
the Holders and Maker, as applicable, shall have all of the same rights, duties and obligations set forth in the Registration Rights Agreement.

 

[Signature Page Follows]

 

    3

     

    

 

IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the
day and year first above written.

 

	 	EDOC ACQUISITION CORP.
	 	 	 
	 	By:  	/s/ Kevin Chen       
	 	 	Name: 	Kevin Chen
	 	 	Title: 	Chief Executive Officer

 

 

4a20220209-fkennedysepara

1  MOMENTUS INC.  February 7, 2022    Fred Kennedy, Ph.D.  President  Momentus Inc.    Dear Fred:  This letter (the “Agreement”) confirms and constitutes the agreement between you, on the one hand, and  Momentus Inc., a Delaware corporation (“Momentus Inc.”), and Momentus Space LLC, a Delaware limited  liability company, (“Momentus Space”) on behalf of themselves, their subsidiaries, and their affiliates  (collectively, the “Company”), on the other hand, regarding the end of your employment and service as an  officer with the Company.    1. Termination Date. Your employment with the Company will be terminated effective  January 21, 2022 (the “Termination Date”). By signing this Agreement, effective as of the close of business  on your Termination Date, you hereby resign as the President of Momentus Inc. and from any and all other  officer or other positions held by you with the Company, and you agree to execute and deliver any additional  documentation that may be requested of you to give effect to all such resignations. You further agree that  after the Termination Date you will not represent to anyone that you are still an employee or officer of the  Company and you will not say or do anything purporting to bind the Company or any of its affiliates.    2. No Other Amounts/Benefits Owed. You acknowledge and agree that as of the date of this  Agreement you have been paid all of your salary, wages, commissions, bonuses, vacation/PTO, and other  compensation due to you by the Company. You acknowledge and agree that you have not earned any wages,  salary, incentive compensation, bonuses, commissions or similar payments or benefits or any other  compensation or amounts that have not already been paid to you. You further agree that as of the date of  this Agreement you have no unreimbursed business expenses arising out of your employment with the  Company, and that you have submitted all reimbursement requests for business expenses incurred by you.  You also agree that, prior to the execution of this Agreement, you were not entitled to receive any further  payments or benefits from the Company beyond the amounts described above and the only payments and  benefits that you are entitled to receive from the Company in the future are those specified in this  Agreement.    3. Severance. Although you are not otherwise entitled to receive such severance from the  Company, and in full satisfaction of and in lieu of any severance described in the offer letter by and between  you and the Company dated September 9, 2020 (the “Offer Letter”), and subject to, and in consideration for,  your execution of this Agreement within 21 days after your receipt of it and your non-revocation of this  Agreement within 7 days after you sign it, and provided you comply with all of the  terms and conditions of  this Agreement, the Confidential Information Agreement (as defined below), the Indemnification  Agreement (as defined below), and all Company policies, the Company will provide you with the following  severance payment and benefits:    a. Cash Severance. The Company will pay you severance equal to $350,000.00 (USD), less all  applicable withholdings and other required deductions, which will be paid to you in two installments,  with $250,000 paid on the Effective Date (as defined below) and $100,000 paid no later than April  1, 2022.      b. Equity.  You acknowledge and agree that, on November 8, 2021, the Company granted you an award  

 

2  of 458,295 restricted stock units (the “RSUs”) pursuant to the Company’s 2021 Equity Incentive  Plan (the “Plan”).  You further acknowledge and agree that, as of the Termination Date, 152,908 of  the RSUs will have vested and 305,387 RSUs will remain unvested.  The RSUs and such vested  shares acquired pursuant to the vesting of RSUs will remain subject to the terms and conditions of  the Notice of Restricted Stock Unit Grant and Restricted Stock Unit Agreement, and the Plan  (collectively, the “Equity Documents”), including the termination provisions set forth  therein.  Further, you acknowledge and agree that, other than the vested portion of the RSUs  described in this paragraph, you do not have any right, title, claim or interest in or to any other  Company securities, including, without limitation, any shares of the Company’s capital stock or any  other options, restricted stock, restricted stock units or other rights to purchase or receive shares of  the Company’s capital stock.    4. General Release. With the exception of the Company’s Continuing Obligations provided  in Section 9 below, in consideration for receiving the payment and benefits described in Section 3 above,  and for other good and valuable consideration, the sufficiency of which you hereby acknowledge, you hereby  waive and release to the maximum extent permitted by applicable law any and all claims or causes of action,  whether known or unknown, against the Company and its predecessors, successors, past or present  subsidiaries, affiliated companies, investors, branches or related entities (collectively, including the  Company, the “Entities”) and the Entities’ respective past, present, and future insurers, officers, directors,  agents, attorneys, employees, stockholders, assigns and employee benefit plans (collectively with the  Entities, the “Released Parties”), with respect to any matter, including, without limitation, any matter related  to your employment with the Company and/or the termination of that employment relationship. This waiver  and release includes, without limitation, claims to wages, including overtime or minimum wages, bonuses,  incentive compensation, equity compensation, vacation pay or any other compensation or benefits; any  claims for failure to provide accurate itemized wage statements, failure to timely pay wages (including final  wages) and/or failure to provide meal or rest breaks; claims for any loss, cost, damage, or expense arising out  of any dispute over the non-withholding or other tax treatment or employment classification; claims under  the Employee Retirement Income Security Act (ERISA); claims under the Family and Medical Leave Act  (FMLA); WARN Act claims; claims for attorneys’ fees or costs; claims for penalties; any and all claims  for stock, stock options or other equity securities of the Company; claims of wrongful discharge,  constructive discharge, emotional distress, defamation, invasion of privacy, fraud, breach of contract, and  breach of the covenant of good faith and fair dealing; any claims of discrimination, harassment, or retaliation  based on sex, age, race, national origin, disability or on any other protected basis, under Title VII of the  Civil Rights Act of 1964, the California Fair Employment and Housing Act, the Age Discrimination in  Employment Act of 1967 (the “ADEA”), the Americans with Disabilities Act, or any other federal, state, or  local law prohibiting discrimination, harassment and/or retaliation; and claims under the California Labor  Code, the California Business and Professions Code, and all other laws and regulations relating to  employment.    You covenant not to sue the Released Parties for any of the claims released above, agree not to participate,  except if compelled by law, in any class, collective, representative, or group action that may include any of  the claims released above, and agree that you will affirmatively opt out of any such class, collective,  representative or group action. Further, you agree not to participate in or seek to recover in any litigation  by other persons or entities against the Released Parties. Your release covers only those claims that arose  prior to the execution of this Agreement. Execution of this Agreement does not bar any claim that arises  hereafter, including (without limitation) a claim for breach of this Agreement. Additionally, nothing in this  Agreement precludes you from participating in any investigation or proceeding before any federal or state  agency or governmental body. However, while you may file a charge and participate in any such proceeding,  by signing this Agreement, you waive any right to bring a lawsuit against the Released Parties, and waive  any right to any individual monetary recovery or other relief in any such proceeding or lawsuit; provided,  however, nothing in this Agreement is intended to impede your ability to report securities law violations to  the Securities and Exchange Commission under the Dodd-Frank Act, or to receive a monetary award from a  government administered whistleblower-award program. Nothing in this Agreement waives your right to  

 

3  testify or prohibits you from testifying in an administrative, legislative, or judicial proceeding concerning  alleged criminal conduct or alleged sexual harassment when you have been required or requested to attend  the proceeding pursuant to a court order, subpoena or written request from an administrative agency or the  legislature.    This is a full and complete release of any and all claims you may have or purport to have against any of the  Released Parties through the date you sign this Agreement, provided that, you are not releasing any claims  that arise after the date you sign this Agreement and the waiver and release contained in this Agreement  does not apply to any claim which, as a matter of law, cannot be released by private agreement or any claim  to indemnification by the Company based on any charter document, bylaw or agreement of the Company,  state or federal law or policy of insurance. If any provision of the waiver and release contained in this  Agreement is found to be unenforceable, it shall not affect the enforceability of the remaining provisions  and a court shall enforce all remaining provisions to the full extent permitted by law.    5. 1542 Waiver. You understand and acknowledge that you are releasing potentially unknown  claims, and that you may have limited knowledge with respect to some of the claims being released. You  acknowledge that there is a risk that, after signing this Agreement, you may learn information that might have  affected your decision to enter into this Agreement. You assume this risk and all other risks of any mistake  in entering into this Agreement. You agree that this Agreement is fairly and knowingly made. In addition,  you expressly waive and release any and all rights and benefits under Section 1542 of the Civil Code of the  State of California (or any analogous law of any other state), which reads as follows: “A GENERAL  RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY  DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING  THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY  AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”    You understand and agree that claims or facts in addition to or different from those which are now known  or believed by you to exist may hereafter be discovered, but it is your intention to release all claims that  you have or may have against the Released Parties, whether known or unknown, suspected or unsuspected.    6. ADEA Waiver. You acknowledge that you are knowingly and voluntarily waiving and  releasing any rights you may have under the ADEA (“ADEA Waiver”) and that the consideration given for  the ADEA Waiver is in addition to anything of value to which you are already entitled. You further  acknowledge that: (a) your ADEA Waiver does not apply to any claims that may arise after you sign this  Agreement; (b) the Company advises you to consult with an attorney prior to executing this Agreement; (c)  you have a period of 21 calendar days within which to consider this Agreement (you may choose to execute  the Agreement before such 21-day period has expired, but in no event should you execute the Agreement  prior to the Termination Date); (d) you have 7 calendar days following your execution of the Agreement to  revoke this Agreement; and (e) the Agreement will not be effective until the eighth day after you sign this  Agreement provided that you have not revoked it (the “Effective Date”). You agree that any modifications,  material or otherwise, made to this Agreement do not restart or affect in any manner the original 21-day  consideration period provided in this paragraph. To revoke the Agreement, you must email to Human  Resources a written notice of revocation at hr@momentus.space, prior to the end of the 7-day  revocat ion  period. You acknowledge that your consent to this Agreement is knowing and voluntary.  The severance offer will be automatically withdrawn if you do not sign the Agreement within the 21-day  consideration period.    7. Breach. In the event that you breach any of your obligations under this Agreement or as  otherwise imposed by law, the Company will be entitled to recover all payments, equity benefits and other  consideration paid or provided under this Agreement and to obtain all other relief provided by law or equity.    8. No Admission. Nothing contained in this Agreement shall constitute or be treated as an  admission by the Company of any liability, wrongdoing, or violation of law.  

 

4    9. Continuing Obligations. At all times in the future, you and the Company will remain bound  by: 1) the Confidential Information and Invention Assignment Agreement entered into by and between you  and the Company with an effective date of September 14, 2020 (the “Confidential Information Agreement”),  a copy  of which is attached hereto as Attachment A, and 2) the Indemnification Agreement  entered into by  and between you and the Company with an effective date of August 12, 2021 (the “Indemnification  Agreement”), a copy of which is attached hereto as Attachment B, and 3) the indemnification obligations  of the Company provided in the Company’s Amended and Restated Bylaws (adopted on October 7, 2020,  and effective as of August 12, 2021, the “Bylaws”). Notwithstanding the foregoing and the terms of the  Indemnification Agreement and the Bylaws, and in consideration of the Cash Severance paid to you in  accordance with Section 3 of this letter, you hereby irrevocably waive your rights, under any agreement or  any other source, including but not limited to the Indemnification Agreement and the Bylaws, to  advancement and indemnification for attorney’s fees and litigation costs and expenses in connection with  your representation and defense (including through the exhaustion of any and all appeals) in the matter  styled as In re Stable Road Acquisition Corp. Securities Litigation, Case No. 2:21-CV-5744 (C.D. Calif.)  (the “Securities Matter”). Except for your attorney’s fees and litigation costs and expenses in the Securities  Matter, which will be borne entirely by you and for which Momentus owes no obligation to advance or  indemnify, the Company agrees to indemnify you (but not advance to you) pursuant to the Indemnification  Agreement from and against all allegations, claims, actions, suits, demands, damages, liabilities,  obligations, losses, settlements, and judgments that arise out of or relate to the Securities matter.    10. Return of Company Property. You agree that you have returned to the Company any and  all Company property in your possession or control, including, without limitation, equipment, documents  (in paper and electronic form), credit cards, and phone cards and you have returned and/or destroyed all  Company property that you stored in electronic form or media (including, but not limited to, any Company  property stored in your personal computer, USB drives or in a cloud environment). You further agree to  sign the Termination Certification, which is attached hereto as Attachment C.    11. Non-Disclosure. Except if required by law, you agree that you will not disclose to others  this Agreement or its terms, except that you may disclose such information to your spouse, and to your  attorney or accountant in order for such individuals to render services to you.    12. Non-Disparagement. You agree that you will not disparage or encourage or induce others  to disparage the Company or any of the Released Parties. For the purpose of this Agreement, “disparage”  includes, without limitation, making comments or statements on social media or the internet, or to any  person or entity including, but not limited to, the press and/or media, current or former employees, partners  or principals of the Company or any entity with whom the Company or you have a business relationship,  that would adversely affect in any manner (a) the conduct of the business of the Company or any of the  Released Parties (including, but not limited to, any business plans or prospects) or (b) the reputation of the  Company or any of the Released Parties. Further, notwithstanding anything stated herein, nothing in this  Agreement, including, without limitation, this Section 12, or the Confidential Information Agreement shall  be construed to prevent you or the Company from disclosing information, or otherwise responding or  testifying truthfully, in either case, to the extent required by a lawfully issued subpoena, a duly issued court  order or other legal process; provided that you or the Company (as the case may be) provide the other party  or parties, as applicable, with advance written notice and a reasonable opportunity to contest such subpoena,  court order or other legal process and/or to seek an appropriate protective order to limit the use and  disclosure of any such information or testimony. The Company agrees to instruct its Board of Directors and  its executive officers to not “disparage” (as set forth above) you professionally or personally, or disparage  your business acumen. Nothing herein is intended or should be construed to prohibit any person from  disclosing information about unlawful acts in the workplace. The obligations imposed by this Section 12  shall not apply to statements made during testimony or through counsel during litigation of the Securities  Matter.    

 

5  13. Cooperation. You agree to cooperate fully with the Company and its counsel regarding any  issue or matter that currently exists or may arise as the subject of litigation, administrative inquiry or internal  investigation, which occurred during your employment with the Company. Full cooperation shall include,  but is not limited to, review of documents, attendance at meetings, trial or administrative proceedings,  depositions, interviews, or production of documents to the Company without the need of the subpoena  process. In addition, you agree to cooperate fully in all matters relating to the transition of your employment  and other matters reasonably requested by the Company, whether before or after your Termination Date.  For purposes of clarity, this includes your continued support with respect to ongoing litigation, including  the putative class action complaints involving the Company. In the event that you take a position in litigation  of the Securities Matter that is adverse to the Company, such actions will not be deemed a violation of the  obligations imposed by this Section if the decision to take such a position was made in good faith based  upon advice of your counsel.    14. Section 409A. You and the Company intend that all payments made and benefits provided  under this Agreement are exempt from the requirements of Section 409A of the Internal Revenue Code of  1986, as amended, the regulations and other guidance thereunder and any state law of similar effect  (collectively “Section 409A”) so that none of the payments or benefits will be subject to the adverse tax  penalties imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt. In  no event will the Company reimburse you for any taxes or other penalties that may be imposed on you as a  result of Section 409A and you shall indemnify the Company for any liability that arises as a result of  Section 409A.    15. Workers’ Compensation. You agree that you did not suffer an injury covered by workers’  compensation in the course and scope of your employment with Company.    16. Dispute Resolution. To ensure rapid and economical resolution of any disputes relating to  this Agreement, you and the Company voluntarily agree that any and all claims, disputes or controversies of  any nature whatsoever arising out of, or relating to, this Agreement, or its interpretation, enforcement,  breach, performance or execution, shall be resolved by final, binding and confidential arbitration before a  single arbitrator in San Jose, CA (or another mutually agreeable location) conducted under the Judicial  Arbitration and Mediation Services (JAMS) Streamlined Arbitration Rules & Procedures, which can be  reviewed at http://www.jamsadr.com/rules-streamlined-arbitration/. As for the fees and cost of the  arbitration, you shall be required to pay any initial filing fee and the Company shall be obligated to pay all  other fees and cost of the arbitration. Before engaging in arbitration, you and the Company agree to first  attempt to resolve the dispute informally or with the assistance of a neutral third-party mediator. You and  the Company each acknowledge that by agreeing to this arbitration procedure, you and the Company waive  the right to resolve any such dispute, claim or demand through a trial by jury or judge or by administrative  proceeding. The arbitrator, and not a court, shall also be authorized to determine whether the provisions of  this paragraph apply to a dispute, controversy, or claim except as provided herein. The arbitrator may in his  or her discretion award attorneys’ fees to the prevailing party consistent with the laws of California. All  claims, disputes, or controversies subject to arbitration as set forth in this paragraph must be submitted to  arbitration on an individual basis and not as a representative, class and/or collective action proceeding on  behalf of other individuals. Any issue concerning the validity of this representative, class and/or collective  action waiver must be decided by a Court and if for any reason it is found to be unenforceable, the  representative, class and/or collective action claim may only be heard in Court and may not be arbitrated.  Claims will be governed by applicable statutes of limitations. This arbitration agreement does not cover any  action seeking only emergency, temporary or preliminary injunctive relief (including a temporary  restraining order) in a court of competent jurisdiction in accordance with applicable law. This arbitration  agreement shall be construed and interpreted in accordance with the Federal Arbitration Act.    17. Entire Agreement. You agree that except for the Confidential Information Agreement, the  Indemnification Agreement, and the Equity Documents, and subject to and except as otherwise expressly  provided in this Agreement (including, but not limited to, Paragraph 9 of this Agreement), this Agreement  

 

6  renders null and void any and all prior or contemporaneous negotiations, agreements, understandings or  representations between you and the Company or any affiliate of the Company, including, but not limited  to the Offer Letter. You and the Company agree that this Agreement constitutes the entire agreement  between you and the Company and any affiliate of the Company regarding the subject matter of this  Agreement, and that this Agreement may be modified only in a written document signed by you and a duly  authorized officer of the Company.    18. Governing Law. Except as to the Dispute Resolution section above, this Agreement shall  be construed and interpreted in accordance with the laws of the State of California.    19. Severability. The provisions of this Agreement are severable. If any provision of this  Agreement is held invalid or unenforceable, such provision shall be deemed deleted from this Agreement  and such invalidity or unenforceability shall not affect any other provision of this Agreement, the balance  of which will remain in and have its intended full force and effect; provided, however that if such invalid  or unenforceable provision may be modified so as to be valid and enforceable as a matter of law, you and  the Company request and intend that such provision be deemed to have been modified so as to be valid and  enforceable to the maximum extent permitted by law.    20. Counterparts. You agree that this Agreement may be executed in counterparts, each of  which shall be an original, but all of which together shall constitute one agreement. Execution via DocuSign  or a similar service, or of a facsimile copy or scanned image shall have the same force and effect as  execution of an original, and an electronic or facsimile signature or scanned image of a signature shall be  deemed an original and valid signature.      To accept this Agreement, please sign and date this Agreement and return it to me no later than 21  days after the date you receive this Agreement. This Agreement will be effective on the Effective Date.    I am pleased that we were able to part ways on these amicable terms. The Company and I wish you  every success in your future endeavors.    Sincerely,    MOMENTUS INC.    By: /s/ John Rood                   John Rood, Chief Executive Officer        My agreement with the terms and conditions of this Agreement is signified by my signature below.  I agree to strictly comply with all the terms and conditions of this Agreement. Furthermore, I acknowledge  that I have read and understand this Agreement and that I sign this release of all claims voluntarily, with  full appreciation that at no time in the future may I pursue any of the rights I have waived in this Agreement.    Signed:  /s/ Fred Kennedy  Date: 2/8/2022     Fred Kennedy  Attachment A: Confidential Information and Invention Assignment Agreement  Attachment B: Indemnification Agreement  Attachment C: Termination Certificate

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