Document:

<PAGE>

                                LOCK-UP AGREEMENT

      THIS AGREEMENT (this "AGREEMENT") is dated as of April 23, 2007 by and
among Marketing Worldwide Corporation, a Delaware corporation (the "COMPANY"),
and the shareholders of the Company listed on SCHEDULE A attached hereto
(collectively, the "SHAREHOLDERS").

      WHEREAS, to induce the Company and the investors (the "INVESTORS") to
enter into the Series A Convertible Preferred Stock Purchase Agreement dated as
of the date hereof (the "PURCHASE AGREEMENT") by and among the Company and the
Purchasers, the Shareholders have agreed not to sell any shares of the Company's
common stock, $0.001 par value per share (the "COMMON STOCK"), that such
Shareholders presently own or may acquire after the date hereof, except in
accordance with the terms and conditions set forth herein. Capitalized terms
used herein without definition shall have the meanings assigned to such terms in
the Purchase Agreement.

      NOW, THEREFORE, in consideration of the covenants and conditions
hereinafter contained, the parties hereto agree as follows:

      1.    RESTRICTION ON TRANSFER; TERM.

            (a)   Each of the Shareholders hereby agrees with the Company that
      such Shareholder will not offer, sell, contract to sell, assign, transfer,
      hypothecate, pledge or grant a security interest in, or otherwise dispose
      of, or enter into any transaction which is designed to, or might
      reasonably be expected to, result in the disposition of (whether by actual
      disposition or effective economic disposition), directly or indirectly
      (collectively, "TRANSFER"), any of the shares of Common Stock from the
      period commencing on the Closing Date and expiring on the date that is
      twelve (12) months following the effective date of the registration
      statement required to be filed by the Company with the Securities and
      Exchange Commission pursuant to SECTION 2(A) of the Registration Rights
      Agreement (the "LOCK UP PERIOD").

            (b)   During the twelve (12) months following the expiration of the
      Lock Up Period (the "LEAKOUT PERIOD"), each of the Shareholders hereby
      agrees with the Company that such Shareholder will not Transfer in any
      individual calendar month an amount of such shares of Common Stock in
      excess of one-twelfth (1/12th) of the aggregate shares of Common Stock
      held by such Shareholder as of the beginning of such Leakout Period.
      Notwithstanding anything in the foregoing to the contrary, Rainer Poertner
      shall be permitted to Transfer up to 30,000 shares of Common Stock free of
      the restrictions otherwise applicable under not be subject to any
      provision of this SECTION 1 hereof.

      2.    OWNERSHIP. During the Lock Up Period and the Leakout Period, the
Shareholders shall retain all rights of ownership in the Common Stock,
including, without limitation, voting rights and the right to receive any
dividends, if any, that may be declared in respect thereof.

      3.    COMPANY AND TRANSFER AGENT. The Company is hereby authorized to
disclose the existence of this Agreement to its transfer agent. The Company and
its transfer agent are hereby authorized to decline to make any transfer of the
Common Stock if such transfer would constitute a violation or breach of this
Agreement and the Purchase Agreement.

      4.    NOTICES. All notices, demands, consents, requests, instructions and
other communications to be given or delivered or permitted under or by reason of
the provisions of this Agreement or in connection with the transactions
contemplated hereby shall be in writing and shall be deemed to be delivered and
received by the intended recipient as follows: (i) if personally delivered, on
the business day of such delivery (as evidenced by the receipt of the personal
delivery service), (ii) if mailed certified or registered mail return receipt
requested, four (4) business days after being mailed, (iii) if delivered by

                                       1
<PAGE>

overnight courier (with all charges having been prepaid), on the business day of
such delivery (as evidenced by the receipt of the overnight courier service of
recognized standing), or (iv) if delivered by facsimile transmission, on the
business day of such delivery if sent by 6:00 p.m. in the time zone of the
recipient, or if sent after that time, on the next succeeding business day (as
evidenced by the printed confirmation of delivery generated by the sending
party's telecopier machine). If any notice, demand, consent, request,
instruction or other communication cannot be delivered because of a changed
address of which no notice was given (in accordance with this SECTION 4), or the
refusal to accept same, the notice, demand, consent, request, instruction or
other communication shall be deemed received on the second business day the
notice is sent (as evidenced by a sworn affidavit of the sender). All such
notices, demands, consents, requests, instructions and other communications will
be sent to the following addresses or facsimile numbers, as applicable:

      If to the Company:                Marketing Worldwide Corporation
                                        2212 Grand Commerce Drive
                                        Howell, Michigan 48855
                                        Attention: James Marvin
                                        Tel. No.: (517) 540-0045
                                        Fax No.: (517) 540-0923

      with copies to:                   Weed & Co. LLP
                                        Attention: Richard O. Weed
                                        4695 Mac Arthur Court, Suite 1430
                                        Newport Beach, CA 92660
                                        Tel. No.: (949) 475-9086
                                        Fax No.: (949) 475-9087

      with copies to:                   Sadis & Goldberg LLP
                                        551 Fifth Avenue, 21st Floor
                                        New York, New York 10176
                                        Attention: Steven Huttler, Esq.
                                        Tel No.: (212) 973-3793
                                        Fax No.: (212) 973-3796

      If to any of the                  c/o Marketing Worldwide Corporation
      Shareholders, addressed           2212 Grand Commerce Drive
      to such Shareholder at::          Howell, Michigan 48855
                                        Attention: James Marvin
                                        Tel. No.: (517) 540-0045
                                        Fax No.: (517) 540-0923

      with copies to:                   The address of such Shareholder set
                                        forth on SCHEDULE A to this Agreement,
                                        with copies to Shareholder's counsel
                                        (which copies shall not constitute
                                        notice to such purchaser) as set forth
                                        on SCHEDULE A or as specified in writing
                                        by such Shareholder.

or to such other address as any party may specify by notice given to the other
party in accordance with this SECTION 4.

      5.    AMENDMENT. This Agreement may not be modified, amended, altered or
supplemented, except by a written agreement executed by each of the parties
hereto.

                                       2
<PAGE>

      6.    ENTIRE AGREEMENT. This Agreement contains the entire understanding
and agreement of the parties relating to the subject matter hereof and
supersedes all prior and/or contemporaneous understandings and agreements of any
kind and nature (whether written or oral) among the parties with respect to such
subject matter, all of which are merged herein.

      7.    GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Delaware, without giving
effect to any of the conflicts of law principles which would result in the
application of the substantive law of another jurisdiction. This Agreement shall
not be interpreted or construed with any presumption against the party causing
this Agreement to be drafted. The Company and the Shareholders agree that venue
for any dispute arising under this Agreement will lie exclusively in the state
or federal courts located in New York County, New York, and the parties
irrevocably waive any right to raise FORUM NON CONVENIENS or any other argument
that New York is not the proper venue. The Company and the Shareholders
irrevocably consent to personal jurisdiction in the state and federal courts of
the state of New York. The Company and the Shareholders consent to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address in effect for notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and
notice thereof. Nothing in this Section 7 shall affect or limit any right to
serve process in any other manner permitted by law. The Company and the
Shareholders hereby agree that the prevailing party in any suit, action or
proceeding arising out of or relating to this Agreement or the Purchase
Agreement, shall be entitled to reimbursement for reasonable legal fees from the
non-prevailing party. The parties hereby waive all rights to a trial by jury.

      8.    SEVERABILITY. The provisions of this Agreement are severable and, in
the event that any court of competent jurisdiction shall determine that any one
or more of the provisions or part of the provisions contained in this Agreement
shall, for any reason, be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect any
other provision or part of a provision of this Agreement and such provision
shall be reformed and construed as if such invalid or illegal or unenforceable
provision, or part of such provision, had never been contained herein, so that
such provisions would be valid, legal and enforceable to the maximum extent
possible.

      9.    BINDING EFFECT; ASSIGNMENT. This Agreement shall be binding upon and
inure to the benefit of the parties and their successors and assigns.

      10.   HEADINGS. The article, section and subsection headings in this
Agreement are for convenience only and shall not constitute a part of this
Agreement for any other purpose and shall not be deemed to limit or affect any
of the provisions hereof.

      11.   COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same Agreement, and
shall become effective when counterparts have been signed by each party and
delivered to the other parties hereto, it being understood that all parties need
not sign the same counterpart. In the event that any signature is delivered by
facsimile or electronic mail transmission, such signature shall create a valid
binding obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
were the original thereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       3
<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above herein.

                                        MARKETING WORLDWIDE CORPORATION

                                        By: /s/ Michael Winzkowski
                                            ----------------------
                                        Name: Michael Winzkowski
                                        Title: Chief Executive Officer

                     [SHAREHOLDERS' SIGNATURE PAGE ATTACHED]

                                       4
<PAGE>

                                LOCK-UP AGREEMENT
                         MARKETING WORLDWIDE CORPORATION
                          SHAREHOLDERS' SIGNATURE PAGE

                                                MICHAEL WINZKOWSKI
                                                /s/ Michael Winzkowski

                                                JAMES C. MARVIN
                                                /s/ James C. Marvin

                                                RAINER POERTNER
                                                /S/ RAINER POERTNER

                                       5
<PAGE>
<TABLE>
<CAPTION>

                                   SCHEDULE A
<S>                                                                             <C>
------------ ----------------------------------------- ------------------------ -----------
TITLE OF     NAME AND ADDRESS OF BENEFICIAL OWNER      AMOUNT AND NATURE OF     PERCENT
---------    ------------------------------------      ---------------------    -------
CLASS                                                  OWNERSHIP

------------ ----------------------------------------- ------------------------ -----------
$.001 par    Michael Winzkowski                        4,564,800 shares         41%
value        Director, President, CEO & Secretary
common       Marketing Worldwide Corporation
stock        P.O. Box 2462
             Palm Harbor, Florida 34682-2462

------------ ----------------------------------------- ------------------------ -----------
$.001 par    James C. Marvin                           4,564,800 shares         41%
value        Director and Chief Financial Officer
common       Marketing Worldwide Corporation
stock        4772 Shaefer Road
             Pinckney, Michigan 48169

------------ ----------------------------------------- ------------------------ -----------
$.001 par    Rainer Poertner                           735,809  shares          7%
value        730 Oxford Avenue                         200,000 options
common       Marina del Rey, California 90292
stock

------------ ----------------------------------------- ------------------------ -----------
</TABLE>

                                       6Consulting, Severace and Release Agreement

    Exhibit
      10.1

     

    CONSULTING,
      SEVERANCE AND RELEASE AGREEMENT

    

    This
      Consulting, Severance and Release Agreement (“Agreement”), is made effective as
      of January 22, 2007, by and between LANTRONIX, a California corporation
      (“Lantronix”), located at 15353 Barranca Parkway, Irvine, California 92618 and
      JAMES KERRIGAN, an individual (“Kerrigan”) residing at 2 Cherry Hills Lane,
      Newport Beach, California 92660.

    

    RECITALS

    

    A. WHEREAS,
      Kerrigan was employed by Lantronix;

    

    B. WHEREAS,
      Lantronix has hired a successor for Kerrigan;

    

    C. WHEREAS,
      Lantronix desires to engage Kerrigan as a consultant for the services described
      herein and to provide the benefits to Kerrigan described herein.

    

    NOW,
      THEREFORE, in consideration of the promises and mutual covenants contained
      in
      this Agreement, it is agreed as follows:

    

    AGREEMENT

    

    1. CONSULTING
      SERVICES. Kerrigan agrees to provide consulting services to Lantronix to assist
      in the successful transition of the Chief Financial Officer duties to Kerrigan’s
      successor and for other services as determined by the Lantronix CEO or Board
      of
      Directors, for a period of twelve (12) months. Such services shall be on an
      as
      needed “on call” basis but in no event will Kerrigan be required to provide
      services in excess of eighty (80) hours per month. Kerrigan shall not be
      entitled to any 401(k) matching contributions after the date of this Agreement
      or any other employee benefit offered by Lantronix to its
      employees.

    

    Kerrigan
      will provide the services consistent with prevailing standards of professional
      practice. At all times Kerrigan shall conduct himself in accordance with the
      ethical standards of his profession.

     

    2. CONSIDERATION
      FOR AGREEMENT TO PROVIDE SERVICES. For the agreement to provide services
      hereunder, Lantronix agrees to pay Kerrigan:

    

    a) A
      monthly
      fee of $6,250 payable in 18 equal installments on the 1st
      day of
      each month commencing August 1, 2007. The total fee of $112,500 is deemed earned
      on the date of execution of this Agreement and the agreement to provide
      services. In the event of Kerrigan’s disability and inability to perform the
      services, the monthly fee will nonetheless continue to be payable to Kerrigan.
      In the event of the death of Kerrigan, the monthly fee will continue to be
      due
      to Kerrigan’s heirs and assign.

    

    b) A
      monthly
      amount equal to Kerrigan’s cost to purchase COBRA coverage for up to twelve (12)
      months at Lantronix's cost for medical and dental benefits for Kerrigan and/or
      his eligible dependents. Said benefits, and costs associated therewith, will
      be
      equivalent to those group health benefits provided to Lantronix regular,
      full-time employees.

    

    c) Reimbursement
      for expenses reasonably incurred by Kerrigan in providing his services under
      this Agreement which are approved by an officer of Lantronix and for which
      Kerrigan provides reasonable documentation to Lantronix.

    

    Kerrigan
      is responsible for paying, when due, all income taxes, including estimated
      taxes, incurred as a result of the compensation paid to him. Kerrigan agrees
      to
      indemnify and hold Lantronix harmless for any claims, costs, losses, or damages
      suffered by it resulting from Kerrigan’s failure to comply with this provision.
      Kerrigan agrees to hold harmless and indemnify Lantronix from any and all claims
      arising out of any injury, disability or death of contractor.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    3. OTHER
      CONSIDERATION. For the covenants of Kerrigan herein, the parties
      agree:

    

    a) Kerrigan
      shall be eligible to receive a Senior Vice President-level (CFO) bonus based
      on
      the Team Incentive Plan, as described on Exhibit “1" attached hereto and
      incorporated herein by reference, if/when paid based on Lantronix performance
      through the period ending June 2007.

     

    b) Kerrigan’s
      right to vest in those certain stock options granted to him and described on
      Exhibit “2” shall continue through July 22, 2007, and the period in which to
      exercise those options which have not been exercised shall be extended to 24
      months from January 22, 2007. 

    

    4. RELEASE.
      In consideration of the consideration in paragraphs 2 and 3 above, Kerrigan,
      for
      himself and his heirs, legal representatives, successors and assigns, hereby
      releases, acquits and forever discharges Lantronix and all of Lantronix
      affiliate and subsidiary corporations, and their present and former, principals,
      officers, agents, associates, representatives, directors, employees,
      predecessors, successors and assigns and all persons acting by, through, under
      or in concert with them, or any of them, jointly and individually, of and from
      any and all claims, demands, causes of action, obligations, damages and
      liabilities, whether known or unknown, which Kerrigan has or may hereafter
      obtain or accrue on account of Kerrigan's employment, the termination of
      employment and/or any fact, matter, incident, claim, injury, event,
      circumstance, happening, occurrence and/or thing of any kind or nature
      whatsoever which arose or occurred at any time prior to the date of Kerrigan's
      execution of this Agreement, including but not limited to emotional distress;
      any and all claims for wrongful discharge; breach of any implied or expressed
      employment contract; negligent or intentional infliction of emotional distress;
      defamation; fraud; unlawful discrimination based upon age, race, sex, marital
      status, religion, national origin, medical condition, disability, handicap
      or
      otherwise; breach of any implied covenant of good faith and fair dealing;
      violation of any section of the Labor Code of the State of California, the
      California Fair Employment and Housing Act ("FEHA"), Title VII of the Civil
      Rights Act of 1964 ("Title VII"), the Age Discrimination in Employment Act
      of
      1967, as amended ("ADEA"), the Americans With Disabilities Act (ADA), or any
      other federal, state or local law(s) or regulation(s); unpaid wages, salary,
      bonuses, commissions or other compensation of any sort; damages of any nature,
      including compensatory, general, special or punitive; and/or costs, fees or
      other expenses, including attorney's fees, incurred in any of these matters.
      Nothing contained herein shall release Lantronix from its obligations under
      its
      Articles of Incorporation, Bylaws, any written indemnification agreement or
      California law, to indemnify Kerrigan for his actions as an employee director
      or
      officer of Lantronix or release any rights Kerrigan has with respect to any
      claims made against him under any director and officer or any other insurance
      policy of Lantronix.

     

    Kerrigan
      understands and expressly waives any and all rights and benefits conferred
      by
      the provisions of Section 1542 of the Civil Code of the State of California,
      which reads as follows:

    

    “A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER
      SETTLEMENT WITH THE DEBTOR.”

    

    Kerrigan
      understands and acknowledges that the significance and consequence of the
      foregoing waiver of Section 1542 of the Civil Code is that even if Kerrigan
      should eventually suffer additional damages arising out of his employment with
      Lantronix, he will not be permitted to make any claim for those damages.
      Furthermore, Kerrigan acknowledges that Kerrigan intends these consequences
      even
      as to claims for injury or damages that may exist as of the date of the
      Agreement but which Kerrigan does not know exists, and which, if known, would
      materially affect Kerrigan's decision to execute the Agreement, regardless
      of
      whether Kerrigan's lack of knowledge is a result of ignorance, oversight, error,
      negligence, or any other cause.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    5. CONFIDENTIAL
      INFORMATION. 

    

    5.1 Definition.
      “Confidential Information” means information that is proprietary to Lantronix or
      proprietary to others and entrusted to Lantronix. Confidential Information
      includes, but is not limited to, information relating to business plans and
      to
      business as conducted or anticipated to be conducted, and to past, current
      or
      anticipated products. Confidential Information also includes, without
      limitation, Lantronix information concerning (a) price lists, (b) costs of
      production, and (c) raw material costs, (d) selling costs, (e) delivery costs,
      (f) information concerning new or proposed new products, including the nature
      and design of such products and the plans for marketing such products, (g)
      international procedures and policies, (h) customer lists, account names,
      contacts, addresses, buying habits and sales activity; (i) names and addresses
      of suppliers and vendors, (j) tax and financial information, (k) reserves,
      (l)
      intellectual property owned or leased by the company, (m) banking relationships
      and arrangements, (n) employees, (o) management personnel and policies, (p)
      quotation names, addresses, contacts and quote workups, (q) all mailing lists,
      (r) company product training materials and courses, and (s) company computer
      programs and printouts.

     

    5.2 Prohibitions
      Against Use. Kerrigan will not use or disclose, other than in connection with
      employment with Lantronix, or to provide his services under this Agreement,
      any
      Confidential Information to any person not employed by Lantronix or not
      authorized by Lantronix to receive such Confidential Information without the
      prior written consent of Lantronix. Kerrigan will use reasonable and prudent
      care to safeguard and protect and prevent the unauthorized use and disclosure
      of
      Confidential Information. The obligations contained in this paragraph will
      survive for as long as the company, in its sole judgment, considers the
      information to be Confidential Information. Confidential Information does not
      include any information which is generally known by the public or any
      competitors of Lantronix. This paragraph does not restrict a disclosure or
      use
      of information required by law or as required for compliance with government
      agencies and authorities, or a reasonable disclosure of information to
      Kerrigan’s spouse, bank or legal or tax advisor provided such person agrees or
      is legally obligated to maintain the confidentiality of such
      information.

    

    6. RETURN
      OF
      LANTRONIX PROPERTY. All documents, drawings, lists, records or other tangible
      or
      intangible thing relating to the business of Lantronix that Kerrigan originates
      or comes into Kerrigan’s possession in any way during the employment or
      consulting periods shall remain the sole property of Lantronix. Any copies
      of
      such items are likewise the sole property of Lantronix. Kerrigan shall not
      make
      copies of such items except for the sole use and account of Lantronix and with
      the consent and instruction of Lantronix’s management. At the end of the
      consulting period, Kerrigan shall immediately return to Lantronix all such
      items
      in his possession or control, as well as all of Lantronix’s property in his
      possession or control he has received for assistance in performing work duties,
      except that Mr. Kerrigan may keep his laptop computer and copies of information
      reasonably related to his personal income tax filings. In lieu of physical
      return, Kerrigan may destroy all such electronic information in any and all
      formats and shall provide an affirmative declaration in a form acceptable to
      Lantronix as to its destruction. 

     

    7. ARBITRATION.
      All disputes between Lantronix, its officers, directors, owners, and agents
      on
      the one hand (jointly, Lantronix) and Kerrigan on the other relating in any
      manner whatsoever to the employment or termination of Kerrigan, including
      without limitation disputes arising under this Agreement, shall be resolved
      by
      binding arbitration. By way of example and not limitation of the foregoing,
      arbitrable claims shall include any claims arising under Title (8) of the Civil
      Rights Act of 1964, the Age Discrimination in Employment Act, the Americans
      with
      Disabilities Act, and the California Fair Employment and Housing Act, as well
      as
      any claims asserting wrongful termination, breach of contract, breach of the
      covenant of good faith and fair dealing, negligent or intentional infliction
      of
      emotional distress or defamation and claims related to disability. Arbitration
      shall be final and binding upon the parties and shall be the exclusive remedy
      for all arbitrable claims. The parties hereby waive any rights they may have
      to
      trial by jury in regard to arbitrable claims.

    

    7.1 Arbitration
      of claims shall be in accordance with the Rules for the resolution of employment
      disputes of JAMS, as amended from time-to-time ("JAMS’ Rules"), and augmented by
      this Agreement. Written notice to the other party initiating arbitration shall
      also include a statement of the claims asserted and all the facts upon which
      the
      claims are based. Either party may bring an action in court to compel
      arbitration under this Agreement and to enforce an arbitration award. Otherwise,
      neither party shall initiate or prosecute any lawsuit nor administrative action
      in any way related to any claim. Any arbitration hearing under this Agreement
      shall be conducted in Orange County, California.

    

    7.2 A
      single
      arbitrator shall decide all claims and shall provide a detailed written
      arbitration decision. The arbitrator shall be secured by mutual agreement of
      the
      parties within (30) days of the effective date of the notice initiating the
      arbitration. If the parties cannot agree upon an arbitrator, then the
      complaining party shall notify JAMS and request selection of an arbitrator
      in
      accordance with JAMS rules. The arbitrator shall have only such authority to
      award equitable relief, damages, costs and fees as a court would have for the
      particular claims asserted and any action of the arbitrator in contravention
      of
      this limitation may be the subject of an appeal by the aggrieved party. The
      fees
      of the arbitrator and the costs of the arbitration, exclusive of Kerrigan’s
      attorney’s fees, shall be paid by Lantronix. The arbitrator shall have exclusive
      authority to resolve all claims, including, but not limited to whether any
      particular claim is arbitrable and whether all or any part of this Agreement
      is
      void or unenforceable. The Arbitrator shall award the prevailing party
      attorneys’ fees and costs.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    7.3 All
      proceedings and all documents prepared in connection with any arbitrated claim
      shall be confidential and, unless otherwise required by law, the subject matter
      thereof shall not be disclosed to any person other than the parties to the
      proceedings, their counsel, witnesses and experts, the arbitrator, and if
      involved, the court and court staff. All documents filed with the arbitrator
      or
      with a court shall be filed under seal. The parties shall stipulate to all
      arbitration and court orders necessary to effectuate fully the provisions of
      his
      subsection concerning confidentiality.

    

    8. APPLICABLE
      LAW. This Agreement shall be governed, interpreted and construed in accordance
      with the laws of the State of California.

    

    9. SEVERABILITY.
      In the event that any portion of this Agreement shall be deemed unenforceable
      or
      void, such invalidity or unenforceability shall not affect the validity or
      enforceability of any other provision of this Agreement.

    

    10. ENTIRE
      AGREEMENT. It is agreed that the provisions of this Agreement contain the entire
      agreement on the subject covered between the parties, and cannot be modified
      orally, and can only be modified by written agreement signed by Kerrigan and
      Lantronix. This Agreement shall be binding upon the parties and their respective
      heirs, administrators and assigns.

    

    11. 
      In
      accordance with the Older Workers Benefit Protection Act of 1990, Kerrigan
      expressly acknowledges Kerrigan’s awareness and understanding of the
      following:

    

    a) Kerrigan
      has the right to and should consult with an attorney before signing this
      Agreement;

    

    b) Kerrigan
      has twenty-one (21) days from the date on which Kerrigan receives this Agreement
      (to ________________) to consider Kerrigan’s release of Kerrigan’s age
      discrimination claims and claims under the Older Workers Benefit Protection
      Act
      of 1990 (“Age Discrimination Claims”), ONLY; and

    

    c) Kerrigan
      has seven (7) days after signing this Agreement to revoke Kerrigan’s release of
      any Age Discrimination Claims only. The revocation must be in writing, must
      specifically revoke the release of any Age Discrimination Claims, and must
      be
      received by Employer prior to the eighth calendar day following the execution
      of
      this Agreement. The release of Age Discrimination Claims shall become effective,
      enforceable and irrevocable on the eighth calendar day following execution
      of
      this Agreement, at which time, if Kerrigan has not revoked this Agreement,
      then
      Kerrigan shall receive the consideration described in paragraph 3 in addition
      to
      the payment described in paragraph 2 above as consideration for the release
      of
      any Age Discrimination Claims.

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement on the date set forth
      below.

    

                “Kerrigan”

    

    

                /s/
      James
      Kerrigan            

                JAMES
      KERRIGAN

    

    

                “Lantronix”

    

                LANTRONIX

    

    

                By:
/s/
      Marc H.
      Nussbaum        

     

                Its:
Chief
      Executive Officer        

                [Title]

    

    

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Exhibit
      “1" 

     

    Team
      Incentive Plan 

    

    

    

    Exhibit
      2

    

    Stock
      Options eligible for vesting

    

    All
      Grants, whether fully vested or not are listed:

    

    00-1018

    00-1039

    04-106

    05-69

    06-1978

     

     

    5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]