Document:

Change of Control Severance Agreement

 Exhibit 10.3 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 THIS CHANGE OF CONTROL
SEVERANCE AGREEMENT (this “Agreement”), dated as of December 21, 2005, is made and entered by and between Sologic, Inc., a Delaware corporation (the
“Company”), and Carl L. Smith III (the “Executive”). 
 WITNESSETH: 
 WHEREAS, the Executive is a key employee of the Company or one or more of It’s Subsidiaries (as defined below) and has made and is expected to
continue to Make major contributions to the short- and long-term profitability, growth and Financial strength of the Company; 
 WHEREAS, the Company recognizes that, as is the case for most Companies, the possibility of a Change in Control (as defined below) exists and That such possibility, and the uncertainty it may create among management, may Result in the
distraction or departure of management personnel, to the detriment of the Company and its stockholders; 
 WHEREAS, the Company desires
to assure itself of both present and future Continuity of management and desires to establish certain minimum severance benefits for certain of its senior executives, including the Executive, applicable in the event of a Change in Control; and

 WHEREAS, the Company wishes to ensure that its senior executives are not unduly distracted by the circumstances attendant to the
possibility of a Change in Control and to encourage the continued attention and dedication of such executives, including the Executive, to their assigned duties with the Company; and 
 WHEREAS, the Company desires to provide additional inducement for the Executive to continue to remain in the employ of the Company. 
 NOW, THEREFORE, the Company and the Executive agree as follows: 
 1. Certain Defined Terms. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement with initial capital letters: 
 (a) “Base Pay” means the Executive’s annual base salary rate as in effect from time to time. 
 (b) “Board” means the Board of Directors of the Company. 
 (c) “Cause” means that, prior to any termination pursuant to Section 3(b), the Executive shall have: 
 (i) been convicted of a criminal violation involving, in each case, fraud, embezzlement or theft in connection with his duties or in
the course of his employment with the Company or any Subsidiary; 
 (ii) committed intentional wrongful damage to
property of the Company or any Subsidiary; or 
 (iii) committed intentional wrongful disclosure of secret processes or
confidential information of the Company or any Subsidiary, and any such act shall have been demonstrably and materially harmful to the Company. For purposes of this Agreement, no act or failure to act 

 
on the part of the Executive shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be deemed
“intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interest of the Company. Notwithstanding the foregoing, the
Executive shall not be deemed to have been terminated for “Cause” hereunder unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than three quarters of
the Board then in office at a meeting of the Board called and held for such purpose, after reasonable notice to the Executive and an opportunity for the Executive, together with the Executive’s counsel (if the Executive chooses to have counsel
present at such meeting), to be heard before the Board, finding that, in the good faith opinion of the Board, the Executive had committed an act constituting “Cause” as herein defined and specifying the particulars thereof in detail.
Nothing herein will limit the right of the Executive or his beneficiaries to contest the validity or propriety of any such determination. 
 (d) “Change in Control” means the occurrence during the Term of any of the following events: 
 (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d) (3) or 14(d) (2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of 20% or more of the combined voting power of the then-outstanding Voting Stock of the Company; provided, however, that: 
 (1) for purposes of this Section 1(d)(i), the following acquisitions shall not constitute a Change in Control: (A) any acquisition of Voting Stock of the Company directly from the Company that is
approved by a majority of the Incumbent Directors, (B) any acquisition of Voting Stock of the Company by the Company or any Subsidiary, (C) any acquisition of Voting Stock of the Company by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any Subsidiary, and (D) any acquisition of Voting Stock of the Company by any Person pursuant to a Business Combination that complies with clauses (A), (B) and (C) of Section 1(d)
(iii) below; 
 (2) if any Person acquires beneficial ownership of 20% or more of combined voting power of the
then-outstanding Voting Stock of the Company as a result of a transaction described in clause (1) (A) of Section 1(d) (i) and such Person thereafter becomes the beneficial owner of any additional shares of Voting Stock of the Company
representing 1% or more of the then-outstanding Voting Stock of the Company, other than in an acquisition directly from the Company that is approved by a majority of the Incumbent Directors or other than as a result of a stock dividend, stock split
or similar transaction effected by the Company in which all holders of Voting Stock are treated equally, such subsequent acquisition shall be treated as a Change in Control; 
 (3) a Change in Control will not be deemed to have occurred if a Person acquires beneficial ownership of 20% or more of the Voting
Stock of the Company as a result of a reduction in the number of shares of Voting Stock of the Company outstanding unless and until such Person thereafter becomes the beneficial owner of any additional shares of Voting Stock of the Company
representing 1% or more of the then-outstanding Voting Stock of the Company, other than as a result of a stock dividend, stock split or similar transaction effected by the Company in which all holders of Voting Stock are treated equally; and

 (4) if at least a majority of the Incumbent Directors determine in good faith that a Person has acquired beneficial
ownership of 20% or more of the Voting Stock of the Company inadvertently, and such Person divests as promptly as practicable a sufficient number of shares so that such Person beneficially owns less than 20% of the Voting Stock of the Company, then
no Change in Control shall have occurred as a result of such Person’s acquisition; or 
 (ii) a majority of the
Directors are not Incumbent Directors; or 

 (iii) the consummation of a reorganization, merger or consolidation, or sale or
other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another corporation, or other transaction (each, a “Business Combination”), unless, in each case, immediately following such
Business Combination (A) all or substantially all of the individuals and entities who were the beneficial owners of Voting Stock of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, more than
60% of the combined voting power of the then outstanding shares of Voting Stock of the entity resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more subsidiaries), (B) no Person (other than the Company, such entity resulting from such Business Combination, or any employee benefit plan (or related trust)
sponsored or maintained by the Company, any Subsidiary or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of the combined voting power of the then outstanding shares of Voting Stock of the
entity resulting from such Business Combination, and (C) at least a majority of the members of the Board of Directors of the entity resulting from such Business Combination were Incumbent Directors at the time of the execution of the initial
agreement or of the action of the Board providing for such Business Combination; or 
 (iv) approval by the shareholders
of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with clauses (A), (B) and (C) of Section 1(d) (iii). 
 (e) “Employee Benefits” means the perquisites, benefits and service credit for benefits as provided under any and all
employee retirement income and Welfare Benefit policies, plans, programs or arrangements in which Executive is entitled to participate, including without limitation any stock option, performance share, performance unit, stock purchase, stock
appreciation, savings, pension, supplemental executive retirement, or other retirement income or Welfare Benefit, deferred compensation, incentive compensation, group or other life, health, medical/hospital or other insurance (whether funded by
actual insurance or self-insured by the Company or a Subsidiary), disability, salary continuation, expense reimbursement and other employee benefit policies, plans, programs or arrangements that may now exist or any equivalent successor policies,
plans, programs or arrangements that may be adopted hereafter by the Company or a Subsidiary, providing perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable hereunder immediately prior to a Change
in Control. 
 (f) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (g) “Good Reason” means the occurrence of one or more of the following events (regardless of whether any other reason,
other than Cause, for such termination exists or has occurred, including without limitation other employment): 
 (i)
Failure to elect or reelect or otherwise to maintain the Executive in the office or the position, or a substantially equivalent or better office or position, of or with the Company and/or a Subsidiary (or any successor thereto by operation of law of
or otherwise), as the case may be, which the Executive held immediately prior to a Change in Control, or the removal of the Executive as a Director of the Company and/or a Subsidiary (or any successor thereto) if the Executive shall have been a
Director of the Company and/or a Subsidiary immediately prior to the Change in Control; 
 (ii) Failure of the Company
to remedy any of the following within 10 calendar days after receipt by the Company of written notice thereof from the Executive: (A) A significant adverse change in the nature or scope of the authorities, powers, functions, responsibilities or
duties attached to the position with the Company and any Subsidiary which the Executive held immediately prior to the Change in Control, (B) a reduction in the Executive’s Base Pay received 

 
from the Company or any Subsidiary, (C) a reduction in the Executive’s Incentive Pay as compared with the Incentive Pay most recently paid prior to the
Change in Control, or (D) the termination or denial of the Executive’s rights to Employee Benefits or a reduction in the scope or value thereof; 
 (iii) The liquidation, dissolution, merger, consolidation or reorganization of the Company or the transfer of all or substantially all of its business and/or assets, unless the successor or successors (by
liquidation, merger, consolidation, reorganization, transfer or otherwise) to which all or substantially all of its business and/or assets have been transferred (by operation of law or otherwise) assumed all duties and obligations of the Company
under this Agreement pursuant to Section 11(a); 
 (iv) The Company requires the Executive to have his principal
location of work changed to any location that is in excess of 50 miles from the location thereof immediately prior to the Change in Control, or requires the Executive to travel away from his office in the course of discharging his responsibilities
or duties hereunder at least 20% more (in terms of aggregate days in any calendar year or in any calendar quarter when annualized for purposes of comparison to any prior year) than was required of Executive in any of the three full years immediately
prior to the Change in Control without, in either case, his prior written consent; 
 or 
 (v) Without limiting the generality or effect of the foregoing, any material breach of this Agreement by the Company or any
successor thereto which is not remedied by the Company within 10 calendar days after receipt by the Company of written notice from the Executive of such breach. 
 (h) “Incentive Pay” means an annual bonus, incentive or other payment compensation, in addition to Base Pay, made or to be made in regard to services rendered in any year or other period pursuant
to any bonus, incentive, profit-sharing, performance, discretionary pay or similar agreement, policy, plan, program or arrangement (whether or not funded) of the Company or a Subsidiary, or any successor thereto. “Incentive Pay” does not
include any stock option, stock appreciation, stock purchase, restricted stock or similar plan, program, arrangement or grant, whether or not provided under an arrangement described in the preceding sentence. 
 (i) “Incumbent Directors” means the individuals who, as of the date hereof, are Directors of the Company and any
individual becoming a Director subsequent to the date hereof whose election, nomination for election by the Company’s shareholders, or appointment, were approved by a vote of at least two-thirds of the then Incumbent Directors (either by a
specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection to such nomination); provided, however, that an individual shall not be an Incumbent Director if such
individual’s election or appointment to the Board occurs as a result of an actual or threatened election contest (as described in Rule 14a-12(c) of the Exchange Act) with respect to the election or removal of Directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other than the Board. 
 (j) “Retirement
Plans” means the benefit plans of the Company that are intended to be qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (the “Code”) and any supplemental executive retirement benefit plan or any
other plan that is a successor thereto if the Executive was a participant in such Retirement Plan on the date of the Change in Control. 
 (k) “Severance Period” means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change
in Control, or (ii) the Executive’s death; provided, however, that commencing on each anniversary of the Change in Control, the Severance Period will automatically be extended for an additional year unless, not later than 90 calendar days
prior to 

 
such anniversary date, either the Company or the Executive shall have given written notice to the other that the Severance Period is not to be so extended. 

(l) “Subsidiary” means an entity in which the Company directly or indirectly beneficially owns 50% or more of the
outstanding Voting Stock. 
 (m) “Term” means the period commencing as of the date hereof and expiring on the
close of business on December 31, 2015, or the end of executive’s employment with the Company in any capacity (including a seat on the board of directors or a consultancy arrangement); provided, however, that (i) commencing on
January 1, 2006 and each January 1 thereafter, the term of this Agreement will automatically be extended for an additional year unless, not later than September 30 of the immediately preceding year, the Executive shall have given
notice that he does not wish to have the Term extended; (ii) if a Change in Control occurs during the Term, the Term shall expire and this Agreement will terminate on the last day of the Severance Period; and (iii) subject to
Section 3(c), if, prior to a Change in Control, the Executive ceases for any reason to be an employee of the Company or any Subsidiary (including termination arising in connection with the Company ceasing to beneficially own 50% or more of the
Voting Stock of a Subsidiary), or ceases to be an employee at a level previously designated for the benefits set forth in Annex A hereto, thereupon without further action the Term shall be deemed to have expired and this Agreement will immediately
terminate and be of no further effect. For purposes of this Section 1(n), the Executive shall not be deemed to have ceased to be an employee of the Company and any Subsidiary by reason of the transfer of Executive’s employment between the
Company and any Subsidiary, or among any Subsidiaries. 
 (n) “Termination Date” means the date on which the
Executive’s employment is terminated (the effective date of which shall be the date of termination, or such other date that may be specified by the Executive if the termination is pursuant to Section 3(b)). 
 (o) “Voting Stock” means securities entitled to vote generally in the election of directors. 
 (p) “Welfare Benefits” means Employee Benefits that are provided under any “welfare plan” (within the meaning of
Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) of the Company. 
 (q)
“Tax” means taxes that would be due on any unexercised stock options owned by executive. 
 2. Operation of Agreement. This
Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, except as provided in Section 3(c), this Agreement will not be operative unless and until a Change in
Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement will become immediately operative. 
 3. Termination Following a Change in Control. (a) In the event of the occurrence of a Change in Control, the Executive’s employment may be terminated by the Company or a Subsidiary during the
Severance Period and the Executive will be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events: 
 (i) The Executive’s death; 
 (ii) If the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the long-term disability plan in effect for, or applicable to,
Executive immediately prior to the Change in Control; or 
 (iii) Cause. 

 
If, during the Severance Period, the Executive’s employment is terminated by the Company or any Subsidiary other than pursuant to Section 3(a) (i), 3(a)
(ii) or 3(a) (iii), the Executive will be entitled to the benefits provided by Section 4. 
 (b) In the event
of the occurrence of a Change in Control, the Executive may terminate employment with the Company and any Subsidiary during the Severance Period for Good Reason with the right to severance compensation as provided in Section 4. 
 (c) Anything in this Agreement to the contrary notwithstanding, if a Change in Control occurs and not more than twelve months prior
to the date on which the Change in Control occurs, the Executive’s employment with the Company ceases at the previously designated level or is terminated by the Company (or the Executive terminates his employment for Good Reason), such
cessation or termination of employment will be deemed to be a cessation or termination of employment after a Change in Control for purposes of this Agreement if the Executive has reasonably demonstrated that such cessation or termination of
employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control, or (ii) otherwise arose in connection with or in anticipation of a Change in Control. 
 (d) A termination by the Company pursuant to Section 3(a) or by the Executive pursuant to Section 3(b) will not affect any
rights that the Executive may have pursuant to any agreement, policy, plan, program or arrangement of the Company or Subsidiary providing Employee Benefits, which rights shall be governed by the terms thereof, except for any rights to severance
compensation to which Executive may be entitled upon termination of employment under any severance or employment agreement between the Company and the Executive which rights, to the extent not greater than those provided by this Agreement, shall,
during the Severance Period, be superseded by this Agreement. 
 4. Severance Compensation, (a) if, following the occurrence of a
Change in Control, the Company or Subsidiary terminates the Executive’s employment during the Severance Period other than pursuant to Section 3(a)(i), 3(a)(ii) or 3(a) (iii), or if the Executive terminates his employment pursuant to
Section 3(b), provided that the Executive executes a release substantially in the form rendered by senior executives of the Company prior to the Change in Control. The Company will pay to the Executive the amounts described in Annex A within
five business days after the Termination Date and will continue to provide to the Executive the benefits described on Annex A for the periods described therein. 
 b) Without limiting the rights of the Executive at law or in equity, if the Company fails to make any payment or provide any benefit required to be made or provided hereunder on a timely basis, the Company
will pay interest on the amount or value thereof at an annualized rate of interest equal to the “prime rate” as set forth from time to time during the relevant period in The Wall Street Journal “Money Rates” column, plus 2%. Such
interest will be payable as it accrues on demand. Any change in such prime rate will be effective on and as of the date of such change. 
 (c) Unless otherwise expressly provided by the applicable annual incentive compensation plan or program, after the occurrence of a Change in Control, the Company will pay in cash to the Executive a lump sum amount equal to the
value of the Executive’s annual bonus for the performance period that includes the date on which the Change in Control occurred, disregarding any applicable vesting requirements; provided that such amount will be equal to the product of the
target award percentage under the applicable annual incentive plan or program in effect immediately prior to the Change in Control times Base Pay, but prorated to base payment only on the portion of the Executive’s service that had elapsed
during the applicable performance period through the Change in Control. Such payment will be made within five business days after the Change in Control. 

 (d) At the option of Executive, in the event of a Change in Control, Executive
shall be granted voting rights on such number of common shares that would result in Executive having a voting majority of shares (including, if necessary, a number of shares that would result in a total voting shares that exceeds the number of
authorized shares) needed for any shareholder meeting as governed by the Company’s bylaws. 
 5. No Limitation on Payments and
Benefits., notwithstanding any provision of this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement would be an “Excess Parachute Payment,” within the meaning of Section 280G of the Code,
but for the application of this sentence, then the payments and benefits to be paid or provided under this Agreement will not be reduced to the minimum extent necessary (but in no event to less than zero) so that a portion of any such payment or
benefit may constitute an Excess Parachute Payment and any tax triggered to the Executive will be covered by the Company. 
 6. No
Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation
by the Company to the Executive in accordance with the terms of this Agreement is hereby acknowledged by the Company to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Agreement by
seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise, except
as expressly provided in the last sentence of Paragraph 2 of Annex A. 
 7. Legal Fees and Expenses. It is the intent of the Company
that the Executive not be required to incur legal fees and the related expenses associated with the preparation, interpretation, enforcement or defense of Executive’s rights under this or any other agreement with the Company for any reason,
including litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Executive hereunder. Accordingly, for any reason, or if it should appear to the Executive that the
Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or
other action or proceeding designed to deny, or to recover from, the Executive the benefits provided or intended to be provided to the Executive hereunder, the Company irrevocably authorizes the Executive from time to time to retain counsel of
Executive’s choice, at the expense of the Company as hereafter provided, to advise and represent the Executive in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any
litigation or other legal action in regard thereto, whether by or against the Company or any Director, officer, stockholder or other person affiliated with the Company, in any jurisdiction. Notwithstanding any existing or prior attorney-client
relationship between the Company and such counsel, the Company irrevocably consents to the Executive’s entering into an attorney-client relationship with such counsel, and in that connection the Company and the Executive agree that a
confidential relationship will exist between the Executive and such counsel. Without respect to whether the Executive prevails, in whole or in part, in connection with any of the foregoing, the Company will pay and be solely financially responsible
for any and all attorneys’ and related fees and expenses incurred by the Executive in connection with any of the foregoing; provided that, in regard to such matters, the Executive has not acted in bad faith or with no colorable claim of
success. 
 8. Confidentiality; No solicitation; No disparagement. 
 (a) During the Term, the Company agrees that it will disclose to Executive its confidential or proprietary information (as defined
in this Section 8(a)) to the extent necessary for Executive to carry out his obligations to the Company. The Executive hereby covenants and agrees that he will not, without the prior written consent of the Company, during the Term or thereafter
disclose to any person not employed by the Company, or use in connection with engaging in competition 

 
with the Company, any confidential or proprietary information of the Company. For purposes of this Agreement, the term “confidential or proprietary
information” will include all information of any nature and in any form that is owned by the Company and that is not publicly available (other than by Executive’s breach of this Section 8(a)) or generally known to persons engaged in
businesses similar or related to those of the Company. Confidential or proprietary information will include, without limitation, the Company’s financial matters, customers, employees, industry contracts, strategic business plans, product
development (or other proprietary product data), marketing plans, and all other secrets and all other information of a confidential or proprietary nature. For purposes of the preceding two sentences, the term “Company” will also include
any Subsidiary (collectively, the “Restricted Group”). The foregoing obligations imposed by this Section 8(a) will not apply (i) during the Term, in the course of the business of and for the benefit of the Company, (ii) if
such confidential or proprietary information has become, through no fault of the Executive, generally known to the public or (iii) if the Executive is required by law to make disclosure (after giving the Company notice and an opportunity to
contest such requirement). 
 (b) The Executive hereby covenants and agrees that during the Term and for one year
thereafter Executive will not, without the prior written consent of the Company, on behalf of Executive or on behalf of any person, firm or company, directly or indirectly, attempt to influence, persuade or induce, or assist any other person in so
persuading or inducing, any employee of the Restricted Group to give up, or to not commence, employment or a business relationship with the Restricted Group. 
 (c) The Executive hereby covenants and agrees that the Executive will not make, publish or cause to be made or published any public or private statement disparaging the Company or its present or former
officers, directors or employees. 
 (d) Executive and the Company agree that the covenants contained in this
Section 8 is reasonable under the circumstances, and further agrees that if in the opinion of any court of competent jurisdiction any such covenant is not reasonable in any respect, such court will have the right, power and authority to excise
or modify any provision or provisions of such covenants as to the court will appear not reasonable and to enforce the remainder of the covenants as so amended. Executive acknowledges and agrees that the remedy at law available to the Company for
breach of any of his obligations under this Section 8 would be inadequate and that damages flowing from such a breach may not readily be susceptible to being measured in monetary terms. Accordingly, Executive acknowledges, consents and agrees that,
in addition to any other rights or remedies that the Company may have at law, in equity or under this Agreement, upon adequate proof of his violation of any such provision of this Agreement, the Company will be entitled to immediate injunctive
relief and may obtain a temporary order restraining any threatened or further breach, without the necessity of proof of actual damage. 
 9. Employment Rights. Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company or any Subsidiary prior to or
following any Change in Control. 
 10. Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement
all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling. 
 11. Successors and Binding Agreement. (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the
Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession
had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the business or
assets of the 

 
Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes
of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company. 
 (b) This
Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes and legatees. 
 (c) This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, and
transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 11(a) and 11(b). Without limiting the generality or effect of the foregoing, the Executive’s right to receive payments
hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and, in the event of any
attempted assignment or transfer contrary to this Section 11(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred or delegated. 
 12. Notices. For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or approvals,
required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five business days after
having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as FedEx or UPS, addressed to the
Company (to the attention of the Secretary of the Company) at its principal executive office and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance
herewith, except that notices of changes of address shall be effective only upon receipt. 
 13. Governing Law. The validity,
interpretation, construction and performance of this Agreement will be governed by and construed in accordance with the substantive laws of the State of Delaware, without giving effect to the principles of conflict of laws of such State. 

14. Validity. If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid,
unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstance will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be
reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. 
 15. Miscellaneous. No provision of
this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto
or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or
representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. References to Sections are to Sections of this Agreement,
References to Paragraphs are to Paragraphs of an Annex to this Agreement. Any reference in this Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto. 
 16. Survival. Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections
3(c), 4, 5, 7 and 8 will survive any termination or 

 
expiration of this Agreement or the termination of the Executive’s employment following a Change in Control for any reason whatsoever. 
 17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
and delivered as of the date first above written. 
  

			
	 SOLOGIC, INC.

		
	 By:
	 	 /s/ Carl L. Smith III

		 	 Carl L. Smith III

		
	 By:
	 	 /s/ Carl L. Smith, III

		 	 [Executive]

 Annex A 
 Severance Compensation 
 (1) A lump sum payment in an amount equal to one times the sum of
(A) Base Pay (at the highest rate in effect for any period within three years prior to the Termination Date), plus (B) Incentive Pay (in an amount equal to the product of the target award percentage under the applicable Incentive Pay plan
or program in effect immediately prior to the Change in Control times Base Pay). 
 (2) For a period of 12 months following the
Termination Date (the “Continuation Period”), the Company will arrange to provide the Executive with Welfare Benefits substantially similar to those that the Executive was receiving or entitled to receive immediately prior to the
Termination Date (or, if greater, immediately prior to the reduction, termination, or denial described in Section 1(g) (ii)). If and to the extent that any benefit described in this Paragraph 2 is not or cannot be paid or provided under any policy,
plan, program or arrangement of the Company or any Subsidiary, as the case may be, then the Company will itself pay or provide for the payment to the Executive, his dependents and beneficiaries, of such Employee Benefits along with, in the case of
any benefit described in this Paragraph 2 which is subject to tax because it is not or cannot be paid or provided under any such policy, plan, program or arrangement of the Company or any Subsidiary, an additional amount such that after payment by
the Executive, or his dependents or beneficiaries, as the case may be, of all taxes so imposed, the recipient retains an amount equal to such taxes. Notwithstanding the foregoing, or any other provision of the Agreement, for purposes of determining
the period of continuation coverage to which the Executive or any of his dependents is entitled pursuant to Section 4980B of the Code under the Company’s medical, dental and other group health plans, or successor plans, the
Executive’s “qualifying event” will be the termination of the Continuation Period and the Executive will be considered to have remained actively employed on a full-time basis through that date. Further, for purposes of the immediately
preceding sentence and for any other purpose, including, without limitation, the calculation of service or age to determine the Executive’s eligibility for benefits under any retiree medical benefits or life insurance plan or policy, the
Executive shall be considered to have remained actively employed on a full-time basis through the termination of the Continuation Period. Without otherwise limiting the purposes or effect of Section 5 or this Paragraph 2, Employee Benefits
otherwise receivable by the Executive pursuant to this Paragraph 2 will be reduced to the extent comparable welfare benefits are actually received by the Executive from another employer during the Continuation Period following the Executive’s
Termination Date, and any such benefits actually received by the Executive will be reported by the Executive to the Company. 
 (3)
Reimbursement for relocation expenses on a basis consistent with the Company’s practices for senior executives, in an amount up to $50,000; provided such executive was relocated at the request of the Company (including but not limited to as a
result of initial hire) within five years of his or her Termination Date. 

 FIRST MODIFICATION AGREEMENT OF Change of Control Severance Agreement dated December 21, 2005 
 THIS FIRST MODIFICATION AGREEMENT, dated as of July 10, 2007, by and between SUN ENERGY SOLAR, INC., a Delaware corporation formerly known as
Sologic, Inc. (the “Company”), and CARL L. SMITH, III (“Executive”). 
 Recitals 
  

	 	 A.
	 The Company and Executive are parties to that certain Change of Control Severance Agreement dated December 21, 2005 (the “Agreement”).

  

	 	 B.
	 The Company and Executive desire to modify certain provisions of the Agreement relating to the assignment provisions to Executive, subject to and in accordance with the
terms set forth in this First Modification Agreement. 

  

	 	 C.
	 Amendment was approved unanimously by the Company’s board of Directors on July 10, 2007. 

 Agreement 
 NOW, THEREFORE, in consideration of these premises, the mutual covenants and
agreements of the parties hereunder, and for other good and valuable consideration the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Modification of Provision. Section 4(d) of the Agreement is hereby deleted in its entirety and said provision is replaced
with the following: 
 At the option of Executive, in the event of a Change in Control, Executive shall be issued by the Company such
number of common shares that would result in Executive having a majority of the issued shares of the Company’s outstanding common stock, provided the Company has sufficient outstanding shares of common stock. 
 2. Counterparts. This Agreement may be executed in any number of counterparts, each of which may be executed by less than all of
the parties to this Agreement, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 
  

					
	 COMPANY:
  
 SUN ENERGY SOLAR, INC.
	 	
			
	 By:
	 	 	 	[SEAL]
		 	 Matthew A. Veal
 Secretary
	 	
		
	 EXECUTIVE:
	 	
		
	 	 	[SEAL]
	 Carl L. Smith IIIEmployment Contract between the Registrant and Bob Fugerer

 Exhibit 10.6 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This
Executive Employment Agreement (“Agreement”) is made this 10th day of July, 2006, by and between Sun Energy Solar, Inc., a Delaware corporation
with offices located at 1358 Fruitville Rd., Suite 209, Sarasota, Florida, 34236 (the “Company”) and Bob Fugerer, residing at 4819 Sky Blue Drive, Lutz, Florida 33558 (“Executive”). 
 WHEREAS, the Company has created certain intellectual property (“Intellectual Property”), is pursuing patents for some of such Intellectual
Property and is developing products (“Products”) based on the Intellectual Property (the “Business Venture”); 
 WHEREAS,
the Company desires to engage Executive as its Vice President of Engineering; 
 NOW, THEREFORE, in consideration of the mutual covenants
hereinafter contained, the parties hereto agree as follows: 
 AGREEMENT: 
 1. Employment; Duties. The Company shall employ Executive as Vice President of Engineering, and Executive accepts such employment under the
terms and conditions set forth in this Agreement. Executive’s duties shall be consistent with those of a Vice President of Engineering as defined from time to time by the Company’s Board of Directors (the “Board”) and the
President and Chief Executive Officer. 
 2. Full- Time Best Efforts. 
 (a) Time and Effort. Executive shall devote Executive’s full professional time and attention to the performance of
Executive’s obligations under this Agreement, and shall at all times faithfully, industriously and to the best of Executive’s ability, experience and talent perform all of Executive’s obligations hereunder. So long as this Agreement
is in effect, Executive shall not be employed or engaged by any other person or firm other than the Company unless otherwise authorized in writing by the Board. 
 (b) Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief
Executive Officer and President, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall
serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President and Executive shall meet in order for the President
to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job
description, salary and benefits, or termination of Executive’s employment under this Agreement. 
 3. Term.
The term of this Agreement shall begin on the Effective Date and shall end on the first anniversary of the Effective Date (the “Initial Term”) unless terminated prior to that date as 

 
provided herein. Unless 60 days’ advance written notice is given by one party to the other regarding termination of Executive’s employment
hereunder, at the expiration of the Initial Term, and any renewal term, the term of this Agreement shall automatically extend for an additional one year. 
 4. Compensation and Benefits. The Company shall pay compensation to Executive consisting of an annual base salary, bonuses and other, benefits as described in this Agreement. In addition to the financial
compensation and benefits set forth below, Executive shall be reimbursed for any approved business-related expenses and shall receive vacation, sick leave, and other time off as is customary and usual for executives of Executive’s status in the
Company. 
 (a) Base Salary. Executive’s annual base salary as of the Effective Date is
$100,000. Executive’s base salary shall be reviewed annually in conjunction with Executive’s annual performance review and may be adjusted as appropriate in light of Executive’s performance. Executive’s annual base salary shall
be paid in accordance with the standard payroll practices of the Company. 
 (b) Incentive Compensation. The
Company shall pay Executive the following as Incentive Compensation, in addition to Base Salary: 
 i. A one-time signing
bonus of sixty thousand dollars ($60,000) plus one million fifty thousand (1,050,000) shares of the common stock of the Company. 
 ii. A quarterly payment of three hundred thousand (300,000) shares of restricted common stock of Company. 
 (c) Benefits. Executive shall be entitled to participate in such insurance, disability, medical, dental, pension, profit sharing and retirement plans and other programs as may be made generally available
from time to time by the Company for the benefit of executives of Executive’s level or its employees generally (the “Benefits”). 
 5. Documents and Materials. Executive shall not (except in the performance of Executive’s duties in the ordinary course of business for which Executive is employed by the Company) at any time or in any manner make or
cause to be made any copies, or other reproductions or recordings or any abstracts or summaries of any reports, studies, memoranda, correspondence, manuals, records, plans or other written, printed, computerized or otherwise recorded materials of
any kind or nature whatsoever belonging to or in the possession of the Company or any of its Affiliates. Immediately upon the termination of Executive’s employment with the Company or at any time upon the request of the Company, Executive shall
surrender all such material to the Company and execute a document acknowledging that Executive has complied with the provisions of this Agreement. 
 6. Proprietary Information. Executive shall not at any time, whether during or after the term of this Agreement, use for Executive’s own benefit or purposes or for the benefit or purposes of any other person or entity, or
disclose (except in the performance of Executive’s duties in the ordinary course of business for which Executive is employed by the Company) in any manner to any person or entity, any Proprietary Information. As used in this agreement,
Proprietary Information shall mean trade secrets, information, data, know how or knowledge (including, but not limited to, that relating to service techniques, purchasing and sales organization and methods, inventories, client lists, market 

  

 2 

 
development and expansion plans, personnel training and development programs and client and supplier relationships), technology, developments, designs,
techniques, inventions (whether or not patentable or reduced to practice), devices, or procedures, whether or not conceived of, created or developed, and/or first reduced to practice solely by Executive or jointly by Executive and/or Company its
employees, subcontractors or agents or any other Discoveries (as defined in Section 8) belonging to or relating to the affairs of the Company or any of its Affiliates or to the clients of the Company or any of its Affiliates; provided, however,
that this Section 6 shall not apply to any trade secret, information, data, know how, Discoveries or knowledge that is or becomes generally available to the public through no fault or action of Executive. 
 7. Customers and Vendors. In furtherance of and not in limitation of Section 6, Executive acknowledges that the lists of the
Company’s and its Affiliates’ customers and vendors as they may exist from time to time constitute a valuable and unique asset of the Company, and Executive shall not, during or after the term of Executive’s employment, disclose such
lists or any part thereof to any person or entity for any reason whatsoever, nor shall Executive use such customer or vendor lists for Executive’s own benefit or purposes or for the benefit or purposes of any business with whom Executive may
become associated. 
 8. Discoveries. Any and all inventions, discoveries, improvements, designs, methods, systems,
developments, know how, ideas, suggestions, devices, trade secrets and processes (collectively, “Discoveries”), whether patentable or not, which are discovered, disclosed to or otherwise obtained by Executive during Executive’s
employment with the Company, are confidential, proprietary information and are the sole and absolute property of the Company. Executive shall immediately disclose and hereby assigns to the Company all such Discoveries and shall assist the Company in
making any application in the United States and in foreign jurisdictions for patents of any kind with respect thereto. Whenever requested to do so by the Company, Executive shall execute any and all applications, assignments, or other instruments
that the Company may deem necessary to protect the Company’s interest therein. Notwithstanding the fact that the Company may request additional assignment and assistance in applications, the assignments made in this Section 8 are adequate
to cause an assignment of Executive’s interest in any Discoveries. 
 9. Works for Hire. All works and writings of a
professional nature that are produced by Executive during Executive’s employment with the Company constitute works made for hire and are the sole and absolute property of the Company. Executive grants the Company the exclusive right to
copyright all such works and writings in the United States and in foreign jurisdictions. To the extent any such works or writings are deemed to not be works for hire, Executive hereby assigns all of Executive’s interests therein to the Company
or its nominee. Whenever requested to do so by the Company, Executive shall execute any and all applications, assignments, or other instruments that the Company may deem necessary to protect the Company’s interest therein. Notwithstanding the
fact that the Company may request additional assignments and assistances in applications, the assignments made in this Section 9 are deemed to be adequate to cause an assignment of Executive’s interest in works or writings. 
 10. Non-Disclosure Agreement. The parties acknowledge entering into a separate non disclosure agreement relating to the Company’s
proprietary information, attached as Exhibit A (“Non-Disclosure Agreement”). The terms of the Non-Disclosure Agreement are incorporated herein by this reference. In the event of a conflict between the Non-Disclosure Agreement and
this Agreement, the 

  

 3 

 
terms providing greater protection to the Company and its proprietary information shall be determinative. 
 11. Non-competition. 
 (a) Corporate Relationship. Executive acknowledges (i) that Executive’s employment as a member of the Company’s executive management team creates a relationship of confidence
and trust between Executive and the Company with respect to confidential and proprietary information applicable to the business of the Company, its Affiliates and its clients, and (ii) the highly competitive nature of the business of the
Company. Accordingly, the Company and Executive agree that the restrictions contained in this Section 101 are reasonable and necessary for the protection of the immediate interests of the Company and that any violation of these restrictions would
cause substantial injury to the Company. 
 (b) Competitive Business Defined. For purposes of this
Agreement, the term “Competitive Business” means business which is similar to or competitive with the business of the Company with respect to which Executive has had direct responsibility. 
 (c) Existing Client Defined. For purposes of this Agreement, the term “Existing Client” means a
client for whom the Company or any of its Affiliates is performing services or marketing products as of the date of the termination of Executive’s employment with the Company or for whom the Company or any of its Affiliates performed services
or marketed products within the two-year period immediately preceding the termination of Executive’s employment with the Company, 
 (d) - Noncompetition. During Executive’s employment with the Company and for a period of one (1) year following the termination of Executive’s employment with the Company for
any reason (other than termination by Executive for Good Reason during the first twelve (12) months of Executive’s employment), Executive shall not: 
 i. own, manage, operate, control, have any financial interest in, or lend Executive’s name to any person or entity engaged in, a
Competitive Business or cause others to or assist others in engaging in any Competitive Business in the foregoing manner; 
 ii. employ or otherwise engage, or attempt to employ or otherwise engage, in or on behalf of Executive or any Competitive Business, any person who is employed or engaged as an employee, consultant, agent or representative of the Company or
any of its Affiliates as of the date of Executive’s termination or at any time during the one-year period following such termination; or 
 iii. solicit directly or indirectly on behalf of Executive or any Competitive Business, the customer business or account of any Existing Client. 
 (e) Specific Enforcement. The foregoing covenants shall be specifically enforceable; provided, however, that
the covenants shall not be construed to prohibit ownership of not more than 5% of the equity of any publicly held entity engaged in direct competition with the Company, so long as the Executive is not otherwise engaged with such entity in any of the
other activities specified in the foregoing clauses. 
  

 4 

 (f) Severability. If any court shall determine that any
provision of this Section 11 is unreasonable, arbitrary, or against public policy, such covenant will be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of
them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, will be effective, binding, and enforceable against Executive. 
 (g) Employability. Executive acknowledges (i) that Executive has sufficient abilities and talents to be
able to obtain, upon the termination of Executive’s employment, comparable employment from another business while fully honoring and complying with the above covenants concerning confidential information and contacts with the Company’s or
any of its Affiliates’ customers or employees, and (ii) the importance to the Company and its Affiliates of the above covenants. Accordingly, for a period of one (1) year following the termination of Executive’s employment with
the Company and upon the Company’s reasonable request of Executive, Executive shall advise the Company of the identity of Executive’s new employer and shall provide a general description, in reasonable detail, of Executive’s new
duties and responsibilities sufficient to inform the Company of its need to request a court order to enforce the above covenants. 
 (h) Remedies. The parties acknowledge that the damages sustained by the Company or its Affiliates as a result of a breach of the agreements contained herein will subject the Company or its Affiliates to
immediate, irreparable harm and damage, the amount of which, although substantial, cannot be reasonably ascertained, and that recovery of damages at law will not be an adequate remedy. Executive therefore agrees that the Company and its Affiliates,
in addition to any other remedy they may have under this Agreement or at law, shall be entitled to injunctive and other equitable relief to prevent or curtail any breach of any provision of this Agreement. If an action is instituted to enforce this
Agreement or any of the terms and conditions hereof, including, but not limited to, suit for preliminary injunction, the prevailing party shall be entitled to costs and reasonable attorneys’ fees. Executive waives any right to the posting of a
bond in the event of an issuance of a temporary restraining order, preliminary injunction or permanent injunction upon the issuance of said order by a court of competent jurisdiction. 
 12. Disability. The Company may terminate this Agreement upon written notice to Executive if Executive is physically or
mentally incapacitated and unable to perform Executive’s duties under this Agreement for a period of (i) any 180 days out of any 360 days, if the Common Stock of the Company is not then publicly traded, or (ii) 90 out of any 180 days
if the Common Stock of the Company is then publicly traded. If at any time a question arises as to the incapacity of Executive, then the Company shall promptly employ one physician who is a member of the American Medical Association and who
is reasonably acceptable to Executive to examine Executive and determine if Executive’s physical or mental condition is such as to render Executive unable to perform Executive’s duties under this Agreement. The decision of the
physician shall be certified in writing to the Company, shall be sent by the Company to Executive or Executive’s representative and shall be conclusive for purposes of this Agreement. Any compensation payments payable to Executive hereunder
shall be reduced by the amount of any disability payments Executive receives as a result of disability policies on which the Company has paid the premiums. 
 13. Death During Employment. This Agreement shall terminate upon Executive’s death, and the Company shall pay a death benefit equal to Executive’s base monthly salary for the
balance of the month of Executive’s death and for three months following Executive’s death. Such amounts shall 

  

 5 

 
be paid to the beneficiary named in writing by Executive, or if none, to Executive’s surviving spouse, or if none, to the executors and administrators
of Executive’s estate and shall be paid within 60 days after Executive’s death. 
 14. Termination for Other Than for
Disability or Death. 
 (a) By the Corporation. The Company may terminate Executive’s
employment under this Agreement prior to the expiration of the Initial Term or any renewal term as follows: 
 i. without
Cause, upon 90 days’ written notice to Executive; or 
 ii. upon 30 days’ written notice to Executive if
Underperformance occurs; or 
 iii. immediately upon the showing of Cause. For purposes of this Agreement, “Cause”
shall mean (a) Executive’s breach of this Agreement, if the Executive has been given a reasonable opportunity to cure his breach (which reasonable opportunity must be granted during the fourteen (14)-day period preceding termination of
this Agreement); (b) Executive’s failure to adhere to any written Company policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply (which reasonable opportunity must be
granted during the fourteen (14)-day period preceding termination of this Agreement); (c) misrepresentation or concealment of a material fact for the purpose of securing or maintaining employment with the Company; (d) the appropriation (or
attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company; (e) the misappropriation (or
attempted misappropriation) of any of the Company’s funds or property; (f) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or plea of no contest with respect to, violation of a
securities law or a felony, the equivalent thereof, or any other crime with respect to which imprisonment is a possible punishment; (g) violation of the policies of the Company with respect to non-discrimination, sexual harassment, or similar
policies affecting workers and the workplace; or (h) a breach of Sections 6 through 11 of this Agreement. 
 (b)
By Executive. Executive may terminate Executive’s employment under this Agreement upon 30 days’ written notice to the Company. An Executive’s termination shall be deemed for “Good Reason” if such
termination is due to: (i) a change materially adverse to Executive in the nature of scope of Executive’s position, status, responsibilities or duties with the Company as they existed as of the Effective Date (other than for
Underperformance), (ii) a material reduction by the Company in Executive’s base salary as in effect on the Effective Date or as the same may be increased from time to time, other than pursuant to an across the board reduction of an equal
or greater percentage affecting all of the Company’s executive officers or due to Underperformance; or (iii) a change, exceeding a fifty-mile radius, in Executive’s principal work location established on the Effective Date, except for
required travel on the Company’s business to an extent substantially consistent with business travel obligations of the other officers of the Company. 
 (c) Termination Obligations. Upon termination of Executive’s employment with the Company, the Company shall have no further obligation to Executive except as specifically 

  

 6 

 
provided under this Agreement; provided, however, that termination of Executive’s employment shall not affect Executive’s right to receive any
compensation or bonuses which have accrued but have not been paid through the date of termination. Executive shall return to the Company any and all equipment including, without limitation, electronic equipment, keys, credit cards, and the like,
owned by the Company and used by Executive. 
 (d) Severance. Upon the termination of
Executive’s employment with the Company under this Section 14 prior to the expiration of the Initial Term (A) by the Company for reasons other than Cause or Underperformance, or (B) by Executive for Good Reason, the Company shall
pay Executive a severance benefit equal to 50% of the annual base salary Executive would have received if Executive had remained in the employ of the Company through the end of the Initial Term, but no other Benefit. Any such payment due to
Executive shall be paid in cash or by check on the same dates on which Executive would otherwise have received payment of Executive’s annual base salary hereunder if employment had continued. 
 (e) Withholding Tax. The Company shall be entitled to withhold from any compensatory payments that it makes to
Executive under this Agreement or otherwise an amount sufficient to satisfy all Federal, state and local income and employment tax withholding requirements with respect to any and all compensation paid to Executive by the Company. 
 15. No Conflicting Agreements. Executive represents and warrants that he is not a party to any agreement, contract or
understanding, whether employment or otherwise which would in any way restrict or prohibit him from undertaking or performing employment in accordance with the terms and conditions of this Agreement. 
 16. Arbitration. Except for (i) any claim for unemployment
compensation or workers’ compensation, and (ii) any relief sought for breach by Executive of Sections 6-11 and or under Section 20 of this Agreement, in which case a claim may be brought before any court in the State of Florida having
jurisdiction over the matter, any controversy or claim arising out of or related to this Agreement shall be settled by arbitration in Florida under the National Rules for the Resolution of Employment Disputes of the American Arbitration Association
in effect at the time such controversy or claim arises (the “Rules”) by one arbitrator appointed by the American Arbitration Association in accordance with the Rules, the arbitrator also apportioning the costs of arbitration. The award of
the arbitrator shall be in writing, shall be final and binding upon the parties, shall not be appealed from or contested in any court and may, in appropriate circumstances, include injunctive relief. Should a party fail to appear or be represented
at the arbitration proceedings after due notice in accordance with the Rules, then the arbitrator may nevertheless render a decision in the absence of such party, and such decision shall have the same force and effect as if the absent party had been
present, whether or not it shall be adverse to the interests of such party. Any award rendered hereunder may be entered for enforcement, if necessary, in any court of competent jurisdiction, and the party against whom enforcement is sought shall
bear the expenses, including attorney’s fees, of enforcement. 
 17. Survival. The covenants contained in this Agreement shall survive any termination of Executive’s employment with the Company and any termination of this Agreement. The existence of any claim or
cause of action of Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of any of the covenants contained in this Agreement. 
  

 7 

 18. Severability. If the scope of any restriction contained in this Agreement
is too broad to permit enforcement of such restriction to its fullest extent, then such restriction shall be enforced to the maximum extent permitted by law, and Executive and the Company hereby consent and agree that the scope of such restriction
may be judicially modified in any proceeding brought to enforce such restriction. To the extent any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted from this Agreement and the remainder of this Agreement
shall remain in full force and effect. 
 19. Notice. Any notices required or permitted to be given under this
Agreement shall be sufficient if in writing and delivered by personal delivery, air courier, or if mailed by registered or certified first-class mail, return receipt requested, to the residence of Executive as it appears in the corporate records for
notice to Executive, or to the principal office of the Company for notice to the Company. All notices delivered in accordance with this Section shall be deemed to have been received and shall be deemed effective if delivered in person or by air
courier, upon actual receipt by the intended recipient, or if mailed, upon the date of delivery or refusal to accept delivery as shown by the return receipt therefor. 
 20. Affiliate. An “Affiliate” means any person or entity that directly or indirectly controls, is controlled by, or is under common control with another. Control shall mean
beneficial ownership of 50.01% or more of the outstanding voting securities or other ownership interests. 
 21. No
Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel to enforce any provision of this Agreement, except by a statement in writing signed by the party against whom
enforcement of the waiver or estoppel is sought. Any written waiver shall not be deemed a continuing waiver unless specifically stated, and shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term
or condition for the future or as to any act other than that specifically waived. 
 22. Amendments. No amendment
or modification of this Agreement shall be deemed effective unless made in writing and signed by the parties hereto. 
 23.
Assignment. The rights and obligations of the Company under this Agreement shall, without the prior written consent of Executive, inure to the benefit of and be binding upon the successors and assigns of the Company. This
is a personal service contract and may not be assigned by Executive. 
 24. Governing Law. This Agreement is made
under and shall be governed by and construed in accordance with the internal laws of the State of Florida. By execution of this Agreement, each party submits to in personam jurisdiction of the courts of the State of Florida. 
 25. Headings. The headings of sections in this Agreement are solely for convenience of reference and shall not control the meaning or
interpretation of any provision of this Agreement. 
 26. Counterparts and Facsimile Signatures. This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute one agreement. Any counterpart may be delivered by any party by transmission of signature pages to the other
parties at the addresses set forth herein, and delivery shall be effective and 

  

 8 

 
complete upon completion of such transmission; manually signed copies of signature pages shall nonetheless be delivered promptly after any such facsimile
delivery. 
 27. Entire Agreement. This Agreement, and the Non-Disclosure Agreement contain the entire agreement
of the parties relating to the subject matter hereof and supersede all prior and simultaneous agreements, communications, and understandings with respect to such subject matter, whether oral or written. 
 This Agreement is executed and delivered on the day and year first above written. 
  

	
	Company:
	
	/s/ Carl Smith
	By: Carl Smith, Chief Executive Officer
	
	/s/ Craig Hall
	By: Craig Hall, President
	
	Executive:
	
	/s/ Bob Fugerer
	Bob Fugerer

  

 9 

 NON-DISCLOSURE AGREEMENT 
 THIS NON-DISCLOSURE AGREEMENT (“Agreement”) is entered into this 2nd day of February, 2006 by and between Sun Energy Solar, Inc., a Delaware company having an address at 6408 Parkland Drive,
Suite 104, Sarasota, Florida 34243, United States of America (“Company”), and Robert Fugerer, an individual residing in the state of Florida, and having an address at 4819 Sky Blue Drive, Lutz, FL
33558(“Recipient”). 
 RECITALS 
 A. Company and Recipient have initiated or intend to initiate discussions concerning the possibility of entering into a mutually advantageous business relationship whereby Recipient shall perform certain services on
behalf of and for the benefit of Company (the “Limited Purpose”). 
 B. To facilitate the disclosure of certain Confidential
Information (as defined below) by Company to Recipient, the parties desire to enter into this Agreement. 
 AGREEMENT 
 Now therefore, in consideration of the foregoing recitals, which are hereby incorporated into this Agreement by reference, and the mutual
covenants and agreements contained herein, and other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, the parties agree as follows: 
 1. Definitions. In addition to the terms defined elsewhere in this Agreement, the following terms shall have the following meanings: 

(a) “Confidential Information” mean any information, whether written, oral, magnetic, photographic,
optical, or other form, tangible or intangible, which has been, or after the date hereof will be, furnished or disclosed by Company, or its employees, consultants, representatives or agents, or which Recipient may have access to in connection with
the Limited Purpose, which has been designated as being confidential, or which under the circumstances of disclosure reasonably ought to be treated as confidential, including but not limited to any information pertaining to or regarding the
business, financial condition, pricing, sales, strategies, plans, customers, suppliers, properties and operations of Company (including such information visually available to Recipient at Company’s premises or Company presentations), and
including without limitation all technical information of any nature whatsoever and all business plans, inventions, trade secrets, know-how, methodologies, concepts, techniques, discoveries, computer programs (including functionality and source
code), processes, drawings, designs, research, plans or specifications relating thereto. 
 (b) “Related
Party” or “Related Parties” shall mean the directors, officers, employees, legal, tax and other professional advisors or consultants of Recipient, to the extent such entities or persons receive Confidential Information.

 2. Non-Disclosure and Restricted Use of Confidential Information. 
 (a) Recipient shall keep in strictest confidence and trust all Confidential Information and, except upon the express prior written consent
of Company, Recipient shall (i) not disclose any Confidential Information to any other entity or person, and (ii) use the Confidential Information solely as necessary to implement the Limited Purpose and not for Recipient’s own
benefit or for the benefit of any other entity or person. Recipient shall take all reasonable safeguards to prevent the disclosure or misuse of the Confidential Information, including without limitation such measures as the Recipient takes to
safeguard its own confidential information, and shall not photocopy, transcribe or otherwise reproduce or modify any of the Confidential Information except as necessary to implement the Limited Purpose or otherwise upon the express written consent
of the Company. 
  

 10 

 (b) Recipient may disclose the Confidential Information to Related Parties on a
“need to know” basis only. Recipient shall inform all Related Parties who have access to the Confidential Information that such Confidential Information is confidential and proprietary to Company and shall require each such Related Party
to agree to restrictions and obligations at least as strict as those set forth herein prior to disclosure of any Confidential Information. Recipient shall diligently enforce any and all confidentiality agreements with Related Parties and shall be
responsible and liable for any breach of the confidentiality obligations and restrictions on use set forth herein by any Related Party. 
 (c) The obligations of Recipient stated in the preceding paragraphs of this Section 2 shall not apply to information that (i) is or becomes generally known or available to the public through no wrongful act
of the Recipient; (ii) was in the Recipient's possession at the time of disclosure or receipt, as evidenced and verified by prior tangible evidence, and was not acquired under an obligation of confidence; (iii) Recipient demonstrates was
rightfully received by it from a third party after the time it was disclosed or obtained hereunder, provided that such third party was not under an obligation of confidence with the Company at the time of the third party’s disclosure to
Recipient; (iv) is independently developed by Recipient without use of or reference to the Confidential Information and without breach of this Agreement, as evidenced and verified by prior tangible evidence; or (v) is required to be
disclosed in a judicial or administrative proceeding, or as otherwise required to be disclosed by law, in any such case after all reasonable legal remedies for maintaining such information in confidence have been exhausted, including, but not
limited to, giving Company as much advance notice of the possibility of such disclosure as practical so Company may attempt to stop such disclosure or obtain a protective order concerning such disclosure. Recipient shall provide Company with written
notice no less than five (5) days prior to the disclosure or use of any information of Company pursuant to this Section 2(c), subsections (i) through (v). 
 (d) Recipient shall (i) notify Company immediately of any unauthorized possession, use or knowledge of the Confidential Information,
(ii) promptly furnish Company full details of such possession, use or knowledge, and (iii) cooperate with Company against third parties as may be deemed necessary by Company to protect its proprietary rights in the Confidential
Information. 
 3. Term of Agreement. This Agreement shall be effective as of the date of first disclosure of Confidential Information
and may be terminated, without cause, with respect to future disclosures upon thirty (30) days prior written notice to the other party; provided however, that all rights and obligations accrued prior to such termination shall survive the
termination of this Agreement. Notwithstanding anything herein to the contrary, the nondisclosure obligations and restrictions on use with respect to any Confidential Information shall continue and bind Recipient for a period of five (5) years
after the date of the last disclosure of Confidential Information hereunder, except that the nondisclosure obligations and restrictions on use with respect to any Confidential Information that constitutes a trade secret shall continue in effect for
so long as the Confidential Information remains a trade secret under applicable law. Any termination or expiration of this Agreement shall be without prejudice to the rights of Company against Recipient in respect of any claim or breach of any of
the provisions of this Agreement. 
 4. Return of Confidential Information. Recipient shall return to Company, or at Company’s
request, destroy, and shall cause its Related Parties to return or destroy, the Confidential Information and all copies, transcriptions or other reproductions of, and any notes relating to, the Confidential Information, including without limitation,
any memoranda, photocopies, computer files and libraries, computer-generated data or other similar repositories or archives, upon (i) the accomplishment of the purpose for which the Confidential Information was provided, or (ii) receipt of
a written notice from Company requesting return or destruction of the Confidential Information, and upon request, shall provide to Company written certification signed by an officer of Recipient that it has complied with the foregoing. 

5. Ownership. 
 (a)
All Confidential Information is and shall remain the property of Company. By disclosing Confidential Information to Recipient, Company does not grant any express or implied right to Recipient to or under any patents, copyrights, trademarks, or trade
secret information except as 

  

 11 

 
required to implement the Limited Purpose. Company reserves without prejudice the ability to protect its rights under any such patents, copyrights,
trademarks, or trade secrets. Recipient shall not remove any proprietary, copyright, trade secret or other legend from any form of the Confidential Information. Recipient shall, at the reasonable written request of Company and at Company’s
expense, add to the Confidential Information any proprietary, copyright, trade secret or other legend or modify the same, which Company deems necessary to protect its intellectual property rights. Without limiting the foregoing, Company shall retain
all right, title, and interest in and to all forms of Confidential Information delivered or disclosed hereunder, including, without limitation, any patents, copyrights, trademarks, service marks, trade dress, logos, technical information, know-how,
trade secrets, and any modifications or enhancements thereto (whether developed by Company, Recipient, any Related Party, or on either party’s behalf) or other intellectual property rights throughout the world, whether currently existing or
hereafter developed or acquired, and all applications, disclosures and registrations with respect thereto (collectively, “IP Rights”). If Recipient or any third party engaged by Recipient is deemed to have any ownership interest or
rights in any IP Rights in the Confidential Information, then Recipient, for no additional consideration, shall assign and/or cause such third party to assign, and Recipient does hereby assign, all of such ownership interest and rights exclusively
and irrevocably to Company. Recipient shall cooperate with Company and shall cause to be executed all such instruments and documents as Company reasonably may request in connection with such assignments and shall do all other lawfully permitted acts
reasonably required to further the intent of this Section 5; provided, however, this Agreement shall be effective regardless of whether any such additional documents are executed. Recipient shall not dispute or contest, directly or indirectly,
Company’s right, title and interest in or to, or the validity and enforceability of, any IP Rights in the Confidential Information (including the attempt to register or record the same in any jurisdiction). Notwithstanding anything herein to
the contrary, this Section 5 shall survive any termination or expiration of this Agreement. 
 (b) Recipient may from
time to time provide suggestions, comments or other feedback (“Feedback”) to Company with respect to the Confidential Information. Both parties agree that all Feedback is and shall be given entirely voluntarily. Recipient shall not
give Feedback that is subject to license terms that seek to require any Company product, technology, service or documentation incorporating or derived from such Feedback, or any Company intellectual property, to be licensed or otherwise shared with
any third party. Recipient hereby acknowledges and agrees that all Feedback shall be deemed Confidential Information of Company, subject to the obligations of confidentiality and restricted use provided under this Agreement. Furthermore, Recipient
hereby acknowledges and agrees that Company shall have the exclusive right to use, disclose, reproduce, license or otherwise distribute, and exploit the Feedback as Company sees fit, entirely without obligation or restriction of any kind on account
of intellectual property rights or otherwise. 
 6. Accuracy and Completeness of Confidential Information. The disclosure of any
Confidential Information to Recipient shall be solely in Company’s discretion. This Agreement shall not require Company to disclose any information or to require the consummation of any transaction in connection with which the Confidential
Information is disclosed. Notwithstanding anything to the contrary, Company shall not be deemed to have made any representation or warranty to Recipient concerning the accuracy or completeness of any Confidential Information, except to the extent
that such representation or warranty may be expressly set forth in a definitive written agreement concerning any subsequent business relationship. 
 7. Independent Contractors. Neither this Agreement, nor any terms and conditions contained herein, will be construed as creating a partnership, joint venture, or agency relationship or as granting a franchise. The parties are
independent contractors each acting for its own account, and neither is authorized to make any commitment or representation, express or implied, on the other’s behalf. 
 8. Remedies. Recipient acknowledges and agrees that Company would be irreparably harmed if any of the Confidential Information were to be
disclosed to third parties, or if any use were to be made of the Confidential Information other than that specified in this Agreement, and further agrees that Company shall have the right to seek and obtain injunctive relief upon any violation or
threatened violation of the terms of this Agreement 

  

 12 

 
without the necessity of posting bond or other security, in addition to all other rights and remedies available to Company at law or in equity. Any trade
secrets of the Company will be entitled to all of the protections and benefits under the applicable Uniform Trade Secrets Act and any other applicable law. If any information that Company deems to be a trade secret is found by a court of competent
jurisdiction not to be a trade secret for purposes of this Agreement, such information nevertheless will be considered Confidential Information for purposes of this Agreement. Recipient hereby waives any requirement that the Company submit proof of
the economic value of any trade secret. 
 9. Indemnity. Recipient shall indemnify Company for and against all damages, losses,
claims, costs (including reasonable attorneys’ fees), expenses and liabilities, suffered or incurred as a direct or indirect result of Recipient failing (whether intentionally or not) to fully comply with its covenants and obligations under
this Agreement, including by virtue of any act of any Related Party. 
 10. Entire Agreement. This Agreement sets forth the complete
and exclusive understanding of the parties regarding the subject matter of this Agreement and supersedes all prior agreements, understandings, and communications, oral or written, between the parties regarding the subject matter of this Agreement.
This Agreement is not, however, intended to limit any rights that Company may have under trade secret, copyright, patent, trademark or other laws that may apply to the subject matter of this Agreement both during and after the term of this
Agreement. 
 11. Amendments. No amendment or waiver of any term of this Agreement shall be effective unless such amendment or waiver
is in writing and is signed by each of the parties hereto. 
 12. Assignment. Recipient shall not assign or transfer, in whole or in
part and whether by contract or operation of law, this Agreement, or any rights or obligations hereunder, without the prior written consent of Company. Subject to the foregoing, this Agreement shall be binding upon, and shall inure to the benefit
of, the parties and their respective representatives, successors and assigns. 
 13. Attorneys’ Fees. If any party shall commence
any action or proceeding against the other in order to enforce the provisions of this Agreement, or to recover damages as the result of the alleged breach of any of the provisions of this Agreement, the prevailing party therein shall be entitled to
recover all reasonable costs incurred in connection therewith against the party commencing such action or the party who has breached this Agreement, as the case may be, including reasonable attorneys’ fees. 
 14. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, other than such laws,
rules, regulations and case law that would result in the application of the laws of a jurisdiction other than the State of Florida. Any suit to enforce any provision of this Agreement, or arising out of or based upon this Agreement, shall be brought
exclusively in the United States District Court for the District of Florida or the District Court in and for the city of Sarasota and the County of Sarasota, State of Florida. Each party hereby agrees that such courts shall have in personam
jurisdiction and venue with respect to such party, and each party hereby submits to the in personam jurisdiction and venue of such courts. 
 15. Severability. If any provision of the Agreement shall be held by a court competent jurisdiction to be illegal, invalid or unenforceable, the parties hereby authorize the court to modify such provision to the minimum extent
necessary to effectuate the parties’ intentions and the remaining provisions shall remain in full force and effect. 
 [SIGNATURE PAGE
FOLLOWS] 
  

 13 

 This Agreement has been executed as of the date first set forth above. 
  

			
	Sun Energy Solar, Inc.
		
	By:	 	/s/ Carl L. Smith
	Title:	 	CEO
	Date:	 	July 10, 2006

			
	
	Recipient
		
	Signature:	 	/s/ Robert Fugerer
	Printed:	 	Robert Fugerer
	Date:	 	February 18, 2006

  

 14 

 January 25, 2007 
 Bob
Fugerer 
 4819 Sky blue Drive 
 Lutz, FL 33558 
  

	 	Re:	Amendment to Executive Employment Agreement 

 Dear John: 
 This document is intended to memorialize the amendment of your Employment Agreement, dated July 10, 2006. 
 Our signatures below confirm that we have agreed to modify the Employment Agreement in Sections 1 and 4 (a) and 4(b) only as described below as
follows: 
  

	1.	EMPLOYMENT; DUTIES. 

 The provision, as originally written
has been deleted in its entirety and is amended to read as follows: 
 The Company shall employ Executive as President and Chief Technological Officer, and
Executive accepts such employment under the terms and conditions set forth in this Agreement. Executive’s duties shall be consistent with those of such a position as defined from time to time by the Company’s board of directors (the
“Board”) and the Chief Executive Officer. 
  

	 	4.	COMPENSATION AND BENEFITS 

  

	 	(a)	Base Salary 

 The provision, as originally written has been deleted in its
entirety and is amended to read as follows: 
 Executive’s Base Salary shall be, effective January 1, 2007, in the amount of $150,000 per year.
Executive’s base salary shall be reviewed annually in conjunction with Executive’s annual performance review and may be adjusted as appropriate in light of Executive’s performance. Executive’s annual base salary shall be paid in
accordance with the standard payroll practices of the Company. 
  

	 	(b)	Incentive compensation. 

 The provision, as originally written has been
deleted in its entirety and is amended to read as follows: 
  

	 	i.	The Company shall pay the executive a one time signing bonus of sixty thousand dollars ($60,000) plus two million shares of the common stock of the Company.

	 	ii.	A quarterly payment of five hundred thousand (500,000) shares of restricted common stock of the company. 

 Executive acknowledges that the signing bonus in Section 4(b) (i) was paid in full during 2006. 
 (signature page follows) 
  

									
	APPROVED AND AGREED:	 		 	
					
	DATE:	 	January 25, 2007	 		 		 	Bob Fugerer
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	/s/ Robert H. Fugerer
					
	DATE:	 	January 25, 2007	 		 		 	Sun Energy Solar, Inc.
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	/s/ Carl L. Smith
		 		 		 		 	Carl L. Smith
		 		 		 		 	Chairman and Chief Executive Officer

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