Document:

tm2031348-4_s1a_DIV_36-ex10-8 - none - 1.2432118s

    
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          Exhibit 10.8​

        
                           , 2020​

        
          Acies Acquisition Corp.  
1219 Morningside Drive, Suite 110  
Manhattan Beach, CA 90266 

        
          Re:
          

        

        
          Initial Public Offering 
        

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          Ladies and Gentlemen: 
        

        
          This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into or proposed to be entered into by and among Acies Acquisition Corp., a Cayman Islands exempted company (the “Company”), and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Oppenheimer & Co. Inc., as the representatives (the “Representatives”) of the several underwriters (the “Underwriters”) named therein, relating to an underwritten initial public offering (the “Public Offering”) of 23,000,000 of the Company’s units (including 3,000,000 units that may be purchased pursuant to the Underwriters’ option to purchase additional units, the “Units”), each comprising of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-third of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein are defined in paragraph 1 hereof. 
        

        
          In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Acies Acquisition LLC (the “Sponsor”) and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”) hereby agree with the Company as follows: 
        

        
          1.   Definitions.   As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall mean the 5,750,000 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired by the Sponsor for an aggregate purchase price of $6,500,000 (or up to $7,100,000 if the Underwriters’ exercise their option to purchase additional units), or $1.50 per Warrant, in a private placement that shall close simultaneously with the consummation of the Public Offering (including Ordinary Shares issuable upon conversion thereof); (iv) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time. 
        

        
          2.   Representations and Warranties. 
        

        
          (a)   The Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it, she or he has the full right and power, without violating any 
        

      

      
        
           
          

        

      

      

    

    
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          agreement to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, as applicable, and to serve as an officer of the Company and/or a director on the Company’s Board of Director (the “Board”), as applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable. 
        

        
          (b)   Each Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished to the Company (including any such information included in the Prospectus) is true and accurate in all material respects and does not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and such Insider has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked. 
        

        
          3.   Business Combination Vote.   It is acknowledged and agreed that the Company shall not enter into a definitive agreement regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection with such shareholder approval. 
        

        
          4.   Failure to Consummate a Business Combination; Trust Account Waiver. 
        

        
          (a)   The Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, if any, divided by the number of then-outstanding Public Shares. 
        

      

      
        
           
          

        

      

      

    

    
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          (b)   The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders hereby further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she or he may have in connection with the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate a Business Combination within the required time period set forth in the Charter). 
        

        
          5.   Lock-up; Transfer Restrictions. 
        

        
          (a)   The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of an initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released from the Founder Shares Lock-up. 
        

        
          (b)   The Sponsor and Insiders agree that they shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days after the completion of an initial Business Combination. 
        

        
          (c)   Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Ordinary Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any members or partners of the Sponsor or their affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation in connection with the consummation of an initial Business Combination; (h) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (f), these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions. 
        

      

      
        
           
          

        

      

      

    

    
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          (d)   During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written consent of J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, Transfer any Units, Ordinary Shares, Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable, subject to certain exceptions enumerated in Section 6(h) of the Underwriting Agreement. 
        

        
          6.   Remedies.   The Sponsor and each of the Insiders hereby agree and acknowledge that (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach. 
        

        
          7.   Payments by the Company.   Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is). 
        

        
          8.   Director and Officer Liability Insurance.   The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers. 
        

        
          9.   Termination.   This Letter Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares Lock-up Period and (ii) the liquidation of the Company. 
        

        
          10.   Indemnification.   In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which the Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to the Company (except for the Company’s independent auditors) or (ii) any prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third party for services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense. 
        

        
          11.   Forfeiture of Founder Shares.   To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders further agree that to the extent that the size 
        

      

      
        
           
          

        

      

      

    

    
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          of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. 
        

        
          12.   Entire Agreement.   This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto. 
        

        
          13.   Assignment.   No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees. 
        

        
          14.   Counterparts.   This Letter Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
        

        
          15.   Effect of Headings.   The paragraph headings herein are for convenience only and are not part of this Letter Agreement and shall not affect the interpretation thereof. 
        

        
          16.   Severability.   This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 
        

        
          17.   Governing Law.   This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum. 
        

        
          18.   Notices.   Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile transmission. 
        

        
          [Signature Page Follows] 
        

      

      
        
           
          

        

      

      

    

    
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          Sincerely, 
        

        
          ACIES ACQUISITION LLC 
        

        
          By:
          

        

        
             
        

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          Name:
          

        

        
          Daniel Fetters 
        

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          Title:
          

        

        
          Managing Member 
        

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          By:
          

        

        
             
        

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          Name:
          

        

        
          Edward King 
        

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          Title:
          

        

        
          Managing Member 
        

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          [Signature Page to Letter Agreement] 
        

      

      
        
           
          

        

      

      

    

    
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            Acknowledged and Agreed: 
          

          
            ACIES ACQUISITION CORP. 
          

          
            By:
          

          
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            Name:
            

          

          
            Daniel Fetters 
          

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            Title:
            

          

          
            Co-Chief Executive Officer 
          

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            By:
          

          
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            Name:
            

          

          
            Edward King 
          

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            Title:
            

          

          
            Co-Chief Executive Officer 
          

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            By:
          

          
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            Name:
            

          

          
            James Murren 
          

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            Title:
            

          

          
            Chairman 
          

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            By:
          

          
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            Name:
            

          

          
            Christopher Grove 
          

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            Title:
            

          

          
            Executive Vice President 
          

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            By:
          

          
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            Name:
            

          

          
            Zach Leonsis 
          

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            Title:
            

          

          
            Director Nominee 
          

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            By:
          

          
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            Name:
            

          

          
            Brisa Trinchero 
          

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            Title:
            

          

          
            Director Nominee 
          

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            By:
          

          
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            Name:
            

          

          
            Andrew Zobler 
          

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            Title:
            

          

          
            Director Nominee 
          

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            By:
          

          
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            Name:
            

          

          
            Sam Kennedy 
          

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            Title:
            

          

          
            Director Nominee
          

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          [Signature Page to Letter Agreement]Exhibit 10.3

 

Execution
Copy

 

EMPLOYMENT
AGREEMENT

 

EMPLOYMENT
AGREEMENT (this “Agreement”) is made as of June 11, 2020 by and between Forum Merger II Corporation, a Delaware
corporation which will be renamed to Tattooed Chef, Inc. as of the Effective Date (the “Company”), and Salvatore
Galletti (the “Executive”). This Agreement shall govern the employment relationship between Executive and the
Company from and after the Effective Date.

 

WHEREAS,
the Company has entered into an Agreement and Plan of Merger, dated as of June 11, 2020 (the “Merger Agreement”),
by and among the Company, Sprout Merger Sub, Inc., a Delaware corporation (“Merger Sub”), Myjojo, Inc., a Delaware
corporation (“Myjojo”), and the Executive (as the Holders Representative), pursuant to which, among other things,
Merger Sub will merge with and into Myjojo (the “Merger”) and as a result of the Merger, (i) Myjojo will be
the surviving corporation, and (ii) all issued and outstanding capital stock of Myjojo as of a moment in time immediately prior
the Merger will convert into the right to receive the consideration set forth in the Merger Agreement in accordance with the terms
of the Merger Agreement;

 

WHEREAS,
the Executive is Chief Executive Officer and President of Ittella International, LLC (“Ittella”), which is a wholly
owned subsidiary of Myjojo, Inc.;

 

WHEREAS,
the Company desires to be assured that the services of the Executive will continue to be available to the Company from and
after the closing date of the Merger (the “Effective Date”) and that the confidential information and goodwill
of the Company will be preserved for its exclusive benefit; and

 

WHEREAS,
the Company desires to employ the Executive pursuant to the terms and conditions set forth in this Agreement, subject to and
contingent upon the closing of the Merger, and the Executive is willing and able to render such services and desires to do so
on the terms and conditions hereinafter set forth herein.

 

NOW
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.
Definitions. In this Agreement:

 

“Accrued
Obligations” means (A) all previously earned and accrued but unpaid Base Salary and Benefits in accordance with and
subject to the terms of the relevant employee benefit plans and (B) any reimbursement owing under Section 3(c) of this Agreement
for expenses incurred by the Executive on or before the Termination Date.

 

“Base
Salary” has the meaning given to that term in Section 3(a).

 

“Benefits”
means the employee benefit programs for which senior executive employees of the Company are generally eligible.

 

“Board”
means the Board of Directors of the Company or its successor.

 

“Business
Relation” has the meaning given to that term in Section 9(b).

 

     

     

    

 

“Cause”
means (i) the Executive’s commission of, or plea of nolo contendere to, any felony or other crime involving moral
turpitude; (ii) the Executive’s commission of fraud, theft, embezzlement, self-dealing or misappropriation against the business
of the Company Group; (iii) the Executive’s breach of his fiduciary duties to the Company Group; (iv) the Executive’s
conviction of any serious offense that results in or would reasonably be expected to result in material financial harm, materially
negative publicity or other material harm to any member of the Company Group; (v) the Executive’s excessive use of alcohol
or illegal drugs (including but not limited to the misuse or abuse of legal drugs) that adversely affects the Executive’s
ability to perform his duties, responsibilities and functions hereunder; (vi) the Executive’s willful or grossly negligent
failure to perform any material aspect of his duties and responsibilities hereunder or any lawful directive of the Board or its
designee, which, if capable of being cured, is not cured to the Board’s reasonable satisfaction within ten (10) days after
the delivery of written notice thereof to the Executive; (vii) the Executive’s intentional and willful misconduct in the
management of any member of the Company Group; (viii) the Executive intentionally causing any member of the Company Group to violate
a material local, state or federal law in any respect, unless such violation results from actions approved by the Board, (ix)
the Executive’s intentional concealment of known material information from the Board, (x) any act or omission constituting
a material breach by the Executive of any provision of this Agreement or any other agreement between the Executive and the Company
Group, which, if capable of being cured, is not cured to the Board’s reasonable satisfaction within ten (10) days after
written notice thereof to the Executive, and (xi) any breach by the Executive of Sections 6, 7, 8 and 9 of this Agreement, which,
if capable of being cured, is not cured to the Board’s reasonable satisfaction within ten (10) days after written notice
thereof to the Executive.

 

“Code”
means the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder.

 

“Company
Group” means the Company, its Subsidiaries and their respective affiliates.

 

“Competitive
Activities” has the meaning given to that term in Section 9(a).

 

“Confidential
Information” means any information proprietary to the Company Group and not generally known, including, without limitation,
Trade Secrets (as defined herein), Inventions (as defined herein), technology whether now known or hereafter discovered, and information
pertaining to research, development, techniques, engineering, purchasing, marketing, selling, accounting, licensing, know-how,
processes, products, equipment, devices, models, prototypes, computer hardware, computer programs and flow charts, program code,
software libraries, databases, formulae, compositions, discoveries, cost systems, financial information, personnel information,
customer lists, customer histories and records, suppliers, contacts and referral sources, and any lists of names, phone numbers,
and addresses of those sources, the particular needs and requirements of customers, the identity of customers and potential customers,
lists of customers’ and potential customers’ names, addresses, and phone numbers, and pending business transactions
and shall also include confidential and proprietary information of customers and other third parties received by the Company Group.
Information may be deemed Confidential Information regardless of its source, and all information designated or treated as Confidential
Information by the Company Group shall conclusively be deemed Confidential Information for all purposes.

 

The
term Confidential Information shall not apply to the following: (i) information that is or becomes public knowledge other than
through the fault of the Executive; (ii) information that is received by the Executive from a third party who is under no obligation
to keep the information confidential; (iii) information that the Executive can show by written records was in the Executive’s
possession prior to the date of disclosure by the Company Group to the Executive of the Confidential Information in question;
or (iv) information which is individually developed by the Executive, and which the Executive can show by written or other
tangible evidence was so independently developed.

 

    2

     

    

 

“Disability”
means the Executive’s inability to perform the material duties, responsibilities or functions of his position with the Company
as a result of any mental or physical disability or incapacity for a period of 120 days consecutively, or any 120 days out of
a 180-day period, as determined by the Board in its sole discretion. Any dispute between the Executive and the Board with respect
to the qualification of a mental or physical disability or incapacity as a Disability shall be resolved by a health care specialist
to be mutually agreed upon by the Company and the Executive.

 

“Effective
Date” has the meaning given to that term in the recitals to this Agreement.

 

“Employment
Period” means the period commencing on the Effective Date and ending on the Expiration Date, or such earlier date as
contemplated in Section 4.

 

“Expiration
Date” means the three year anniversary of the date of this Agreement or such later anniversary if this Agreement is
extended as follows. In the last year of the Agreement, and for each subsequent year thereafter, the Agreement will be automatically
extended for a one (1) year period unless written notice has been given by the Company to the Executive or by the Executive to
the Company, which notice must be given at least ninety (90) days prior to the Expiration Date, stating that the Company or the
Executive is electing to terminate the Employment Period as of the Expiration Date.

 

“General
Release” has the meaning given to that term in Section 4(b).

 

“Good
Reason” means the occurrence of any one or more of the following without the Executive’s written consent, provided
that the Executive has given written notice to the Company within sixty (60) days following the occurrence of the event giving
rise to Good Reason, and which event remains uncured for thirty (30) days following the Company’s receipt of written notice
thereof from the Executive: (i) a material diminution in the Executive’s duties or authority; (ii) a material reduction
in the Base Salary other than any such reduction made in connection with a broader reduction in base salaries affecting other
senior executives of the Company; or (iii) any requirement that Executive relocate to a location that is more than 50 miles from
Executive’s residence at the time of the Effective Date.

 

“Interfering
Activities” has the meaning given to that term in Section 9(b).

 

“Inventions”
means all ideas, discoveries, developments, improvements, innovations, technology, computer programs, software, products, and
methods, systems or plans whether or not shown or described in writing or reduced to practice or use, and whether or not entitled
to the protection of applicable patent, trademark, copyright, or similar laws, relating in any manner to any of Company’s
present or future products, services, manufacturing or research.

 

“Merger”
has the meaning given to that term in the recitals to this Agreement.

 

“Noncompete
Period” has the meaning given to that term in Section 9(a).

 

“Person”
has the meaning given to that term in Section 6.

 

“Proceeding”
means any action, suit, proceeding or arbitration, whether civil, criminal, administrative or investigative.

 

“Severance
Period” means the one (1)-year period following the Termination Date.

 

“Subsidiary”
means any corporation or other entity of which the securities or other ownership interests having the voting power to elect a
majority of the board of directors or other governing body are, at the time of determination, owned by any of the Company, directly
or through one or more other Subsidiaries.

 

    3

     

    

 

“Termination
Date” means the date of the Executive’s termination of employment under this Agreement for any reason.

 

“Termination
Year” means the year in which the Employment Period is terminated.

 

“Trade
Secret” means information, including but not limited to, a formula, pattern, compilation, program, device, method, technique,
process, drawing, cost data or customer list that: (i) derives independent economic value, actual or potential, from not being
generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its
disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

 

“Work
Product” has the meaning given to that term in Section 7.

 

2.
Employment, Position and Duties.

 

(a)
This Agreement shall be effective as of the closing of the Merger, subject to and contingent upon the closing of the Merger.

 

(b)
The Company shall employ the Executive, and the Executive hereby accepts employment with the Company, upon the terms and conditions
set forth in this Agreement for the Employment Period.

 

(c)
During the Employment Period, the Executive shall serve as the Chief Executive Officer and President of the Company and shall
perform the normal duties, responsibilities and functions of the Chief Executive Officer and President of a company of a similar
size and type and shall have such power and authority as shall reasonably be required to enable him to perform his duties hereunder.

 

(d)
During the Employment Period, the Executive shall (i) render such administrative, financial and other executive and managerial
services to the Company and the Subsidiaries as are consistent with the Executive’s position as the Board may from time
to time reasonably direct, (ii) report to the Board, (iii) devote substantially all of his business time, energy and skill to
the performance of his duties for the Company, (iii) perform such duties in a faithful, effective and efficient manner to the
best of his abilities, (iv) devote his best efforts and his business time and attention (except for permitted vacation periods
and reasonable periods of illness or other incapacity) to the business and affairs of the Company and the Subsidiaries, (v) hold
no other employment, and (vi) submit to the Board all business, commercial and investment opportunities presented to the Executive,
or of which the Executive becomes aware, that relate to the business of the Company and the Subsidiaries and, unless approved
by the Board in writing, the Executive shall not pursue, directly or indirectly, any such opportunities on the Executive’s
own behalf. Notwithstanding this Section 2(d), it shall not be a violation of this Agreement for the Executive to serve on civic
or charitable boards or committees; provided, that such activities do not, individually or in the aggregate, interfere
with the Executive’s performance of his duties, responsibilities and functions to the Company and the Subsidiaries. The
Executive shall perform his duties, responsibilities and functions to the Company and the Subsidiaries hereunder to the best of
his abilities in a diligent, trustworthy and professional manner and shall comply with the Company’s and the Subsidiaries’
policies and procedures in all material respects.

 

(e)
The Executive’s principal employment office will be located at Ittella’s offices in Paramount, California.

 

    4

     

    

 

3.
Compensation and Benefits.

 

(a)
During the Employment Period, the Executive’s base salary shall be $375,000.00 per annum (as adjusted up, but not down,
from time to time, the “Base Salary”), which salary shall be payable by the Company in regular installments
in accordance with the Company’s general payroll practices (in effect from time to time). The Executive’s Base Salary
will be subject to review annually by the Board to take effect on or about January 1 of each fiscal year during the Employment
Period.

 

(b)
The Executive shall be entitled to four (4) weeks of paid vacation each calendar year in accordance with the Company’s policies.
In addition, during the Employment Period, the Executive shall be eligible to participate in all standard employee benefit programs
made available by the Company to the Company’s executive employees generally, in accordance with the eligibility and participation
provisions of such plans and as such plans or programs may be in effect from time to time and at a level consistent with his title,
duties and responsibilities. The Company reserves the right to amend any employee welfare or retirement benefit plan, policy,
program or arrangement from time to time, or to terminate such plan, policy, program or arrangement, consistent with the terms
thereof.

 

(c)
During the Employment Period, the Company shall reimburse the Executive for all reasonable out-of-pocket business expenses incurred
as a result of the performance of his duties under this Agreement, including, but not limited to, his reasonable customer entertainment
expenses, travel expenses, and all other business expenses incurred by him in the course of performing his duties, responsibilities
and functions under this Agreement, which are consistent with the Company’s policies in effect and subject to revision from
time to time with respect to travel, entertainment and other business expenses, and further subject to the Company’s requirements
with respect to reporting and documentation of such expenses.

 

(d)
In addition to the Base Salary, the Executive will be eligible to participate in bonuses based upon the Executive’s performance
relative to annual goals and other financial and non-financial performance measures to be to be established by the Board in its
reasonable discretion (the “Annual Bonus”). Annual Bonus amounts, to the extent earned for any fiscal year,
will be payable in a lump sum on or before March 15th following the end of the fiscal year to which the Annual Bonus relates.
The Executive must remain actively employed by the Company and in good standing through the date of payment of any Annual Bonus
to earn any such amounts, except as otherwise provided in Section 4(b).

 

4.
Termination and Payment Terms.

 

(a)
The Employment Period shall terminate prior to the Expiration Date upon the occurrence of any of the following events: (i) delivery
by the Executive of a written resignation to the Company with no less than ninety (90) days’ advance written notice to the
Company or sixty (60) days’ advance written notice to the Company for termination by the Executive for Good Reason; (ii)
the death or Disability of the Executive; (iii) the adoption of a good faith resolution by the Board terminating the Executive’s
employment with Cause; and (iv) the adoption of a resolution by the Board terminating the Executive’s employment without
Cause. Except as otherwise provided herein, any termination of the Employment Period by the Company shall be effective as specified
in a written notice from the Company to the Executive.

 

    5

     

    

 

(b)
Upon the Executive’s termination of employment, the Executive shall be entitled to certain payments and benefits in accordance
with the following:

 

(i)
Upon the Executive’s termination of employment by resolution of the Board without Cause or by the Executive for Good Reason,
then the Executive shall be entitled to receive (1) the Accrued Obligations, payable within thirty (30) days following the Termination
Date or such earlier time as required by law and, (2) subject to (1) the Executive’s timely execution and non-revocation
of the general release described in Section 4(d) (the “General Release”) and (2) the Executive’s compliance
with Sections 6, 7, 8 and 9 and the other conditions and limitations in this Agreement, (x) continued payment Base Salary (as
was in effect immediately prior to such termination) for the duration of the Severance Period, payable in regular installments
in accordance with the Company’s general payroll practices as in effect from time to time, and (y) any earned but unpaid
Annual Bonus for the fiscal year immediately preceding the Termination Year, payable when the bonus payments for such fiscal year
are otherwise due.

 

(ii)
Upon the Executive’s termination of employment as a result of the Executive’s death, the Executive’s estate
or other legal beneficiaries shall be entitled to receive the Accrued Obligations, payable within thirty (30) days following the
Termination Date or such earlier time as required by law. The Executive’s estate shall not be entitled to any further Base
Salary, bonus payments, or Benefits for the Termination Year or any future year, or to any other compensation of any kind;

 

(iii)
Upon the Executive’s termination of employment as a result of the Executive’s Disability, the Executive shall be entitled
to receive the Accrued Obligations, payable within thirty (30) days following the Termination Date or such earlier time as required
by law, but shall not be entitled to any further Base Salary, bonus payments or Benefits (other than as described in clause (2)
of this paragraph, or as required by applicable law) for the Termination Year or any future year, or to any other compensation
of any kind; and

 

(iv)
Upon the Executive’s termination of employment as a result of the Executive’s voluntary resignation without Good Reason
in accordance with Section 4(a) or by good faith resolution of the Board for Cause in accordance with Section 4(a), the Executive
shall be entitled to the Accrued Obligations, payable within thirty (30) days following the Termination Date or such earlier time
as required by law, but shall not be entitled to any further Base Salary, bonus payments, or Benefits (except as required by applicable
law) for the Termination Year or any future year, or to any other compensation of any kind, nature or amount.

 

(c)
Notwithstanding anything to the contrary in this Agreement, as a condition precedent to any obligation of the Company to make
payments to the Executive pursuant to Section 4(b)(i) (aside from the Accrued Obligations), the Executive shall be required to
deliver to the Company a valid, executed General Release in substantially the form attached hereto as Exhibit A, and shall
not revoke such General Release prior to the expiration of any revocation rights afforded to the Executive by applicable law.
The Company shall provide the Executive with the General Release prior to the Termination Date, and the Executive must deliver
the executed General Release to the Company within twenty-one (21) days (or, if greater, the minimum period required by applicable
law) after the Termination Date, failing which the Executive will forfeit all rights to any payments described in Section 4(b)(i)
(aside from the Accrued Obligations).

 

(d)
The Executive hereby agrees that, except as expressly provided herein, no compensation of any kind, nature or amount shall be
payable to the Executive and, except as expressly provided herein, the Executive hereby irrevocably waives any claim for any such
compensation including, without limitation, any severance compensation.

 

(e)
Except as otherwise provided in Sections 4(b)(i)-(iv) above, all of the Executive’s rights to Benefits hereunder (if any)
shall cease upon the termination of the Employment Period, except as may be required by applicable law.

 

    6

     

    

 

5.
Indemnification.

 

(a)
During the Employment Period and for a period of six (6) years thereafter, the Board shall cause the Company or any
successor to the Company to purchase and maintain, at the Company’s own expense, directors’ and officers’ liability
insurance providing coverage to the Executive on terms that are no less favorable than the coverage provided to other directors
and similarly situated executives of the Company.

 

(b)
In the event that the Executive is made a party or threatened to be made a party to any Proceeding, other than any Proceeding
initiated by the Executive or the Company related to any contest or dispute between the Executive and the Company or any of its
affiliates with respect to this Agreement or the Executive’s employment hereunder, by reason of the fact
that the Executive is or was a director or officer of the Company, or any member of the Company Group, or is or was serving at
the request of the Company as a director, officer, member, employee or agent of another entity, the Executive shall be indemnified
and held harmless by the Company to the maximum extent permitted under applicable law and the governing documents of the Company
from and against any liabilities, costs, claims and expenses, including all costs and expenses incurred in defense of any Proceeding
(including attorneys’ fees). Costs and expenses incurred by the Executive in defense of such Proceeding (including attorneys’
fees) shall be paid by the Company upon receipt by the Company of: (i) a written request for payment; (ii) appropriate documentation
evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought; and (iii) an undertaking
adequate under applicable law made by or on behalf of the Executive to repay the amounts so paid if it shall ultimately be determined
that the Executive is not entitled to be indemnified by the Company under this Agreement.

 

6.
Confidential Information. The Executive shall not use or disclose to any individual or natural person, partnership (including
a limited liability partnership), corporation, limited liability company, association, joint stock company, trust, joint venture,
unincorporated organization or governmental authority (each, a “Person”), either during the Employment Period
or thereafter, any Confidential Information of which the Executive is or becomes aware, whether or not such information is developed
by him, for any reason or purpose whatsoever, nor shall he make use of any of the Confidential Information for his own purposes
or for the benefit of any Person except for any member of the Company Group, except (A) to the extent that such disclosure or
use is directly related to and required by the Executive’s performance in good faith of duties assigned to the Executive
by the Company or the Board or (B) to the extent required to do so by a court of competent jurisdiction. The Executive will, at
the sole expense of the Company, take all reasonable steps to safeguard Confidential Information and to protect it against disclosure,
misuse, espionage, loss and theft.

 

7.
Intellectual Property, Inventions and Patents. The Executive acknowledges that any Invention that the Executive, either
alone or with others (i) makes, discovers, devises, conceives, reduces to practice, or otherwise possesses while employed by Company
or for a period of one (1) year following such employment, and (ii) directly or indirectly relates to or arises out of the Executive’s
employment with Company or the actual or anticipated business, products, technology, or services of Company (“Work Product”)
shall be a work for hire and the sole property of the Company. The Executive hereby assigns to Company all rights, title, and
interest the Executive obtains in any and all Inventions under this Agreement, and hereby agrees, upon Company’s request,
to execute, verify, and deliver to Company documents including, but not limited to, assignments and applications for Letters of
Patent, trademark or copyright registrations, or any other form or method of government protection provided by any local, state,
or federal laws of the United States or any other country or political subdivision thereof, and whether such protection is now
known or subsequently derived, and to perform such other acts, including, but not limited to, appearing as a witness in any action
brought in connection with this Agreement, that is deemed reasonably necessary or appropriate by Company to allow it to obtain
the sole right, title, interest and benefit of all such Inventions. The Executive shall promptly disclose such Work Product to
the Board and, at the Company’s expense, perform all actions reasonably requested by the Board (whether during or after
the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of
attorney, and other instruments).

 

    7

     

    

 

The
assignment of Inventions and Work (as defined herein) and the Executive’s agreements in connection therewith shall not apply
to any Invention or Work for which: (i) no equipment, supplies, facilities, or Confidential Information of the Company Group or
services of any of the Company Group’s employees during normal working hours was used; (ii) was developed entirely on the
Executive’s own time; (iii) does not relate to the business of the Company Group or the Company Group’s actual or
demonstratively anticipated research or development; and (iv) which does not result from any work performed by the Executive for
the Company Group. In addition, the assignment of Inventions and Work herein and the Executive’s agreements in connection
therewith shall not apply to any Invention or Work which qualify for exclusion under the terms of applicable state law, including,
Section 2870 of the California Labor Code, set forth below:

 

“(a)
Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights
in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own
time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either:

 

(1)
Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer; or

 

(2)
Result from any work performed by the employee for the employer.

 

(b)
To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded
from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.”

 

The
Executive shall, during the course of the Executive’s employment and at all times subsequent to the Executive’s employment,
hold in strictest and total confidence all Confidential Information. The Executive will at no time, without prior written authorization
by the Company (or except pursuant to a confidentiality agreement entered into by the Company in its ordinary course of business),
disclose, assign, transfer, convey, communicate, or use for the benefit of any person or entity other than the Company any Confidential
Information, nor shall the Executive permit any other person or entity to use Confidential Information in competition with the
Company.

 

8.
Work Made for Hire. All work which the Executive performs for the Company Group that is fixed in any tangible medium of
expression and which relates to the subject matter pertaining to the Executive’s employment, or that relates in any manner
or is directly or indirectly connected with the business, services, products, projects, or Confidential Information of the Company
Group, or that involves in any manner the use of any time, material, or facilities of the Company Group, or services of any of
the Company Group’s employees during normal working hours is “work made for hire” for the sole and exclusive
benefit of the Company Group according to copyright laws (“Work”). The Executive assigns to the Company Group
the entire right, title, and interest in and to any and all Work, including, by way of example and not limitation, all designs,
drawings, conceptions, and improvements, including any copyrights in all original works of authorship fixed in any tangible medium
of expression heretofore or hereafter created for the Company Group by the Executive, or furnished to the Company Group, whether
such works are created by the Executive solely or jointly with others. For all such original Work, the Executive agrees to provide
documentation satisfactory to the Company Group to assure the originality of all such Work and conveyance of all such right, title
and interest, including any patents, trademarks, and copyrights in the Work to the Company Group.

 

    8

     

    

 

9.
Non-Compete, Non-Solicitation.

 

(a)
In further consideration of the compensation to be paid to the Executive hereunder, the Executive acknowledges that during the
course of his employment with the Company he shall become familiar with the Company Group’s trade secrets and with other
Confidential Information concerning the Company Group and that his services shall be of special, unique and extraordinary value
to the Company Group, and therefore, the Executive agrees that, during the Employment Period and for a period of twelve (12) months
following the Termination Date (the “Noncompete Period”), the Executive shall not, directly or indirectly,
individually or on behalf of any person, company, enterprise or entity, or as a sole proprietor, partner, stockholder, director,
officer, principal, agent or executive, or in any other capacity or relationship, engage in any Competitive Activities within
any jurisdiction in which any member of the Company Group had offices and/or conducted business, derived a material portion of
its revenues or had demonstrable plan to commence business activities, or participated in or made any investment in any investment
or venture which has been consummated or is being pursued or contemplated by the Company Group as of the date of execution of
this Agreement and the date of termination of the Executive’s employment. “Competitive Activities” shall
mean (A) engaging in, controlling, advising, managing, serving as a director, officer or employee of, acting as a consultant to
or contractor or other agent for, receiving any economic benefit from any Competitive Business or (B) investing in or owning any
interest publicly or privately in any Person engaged in any Competitive Business. Competitive Activities shall not include (X)
any activities taken by the Executive at the direction or, or otherwise on behalf of the Company Group as an employee, consultant
or other Person performing similar responsibilities and (Y) the ownership by the Executive or the Executive’s affiliates
or immediate family of capital stock or other equity interests of any Person whose securities are listed on a national securities
exchange so long as (1) such Person, together with its affiliates, and any member of a group in which such Person or any of its
affiliates is a party, do not own more than 2% of the outstanding voting power of such Person and (2) such capital stock or other
equity interests of such Person are held solely as a passive investment. The Executive acknowledges that the Company Group conducts
business in, and has expended considerable sums to develop and maintain markets in, the foregoing areas and agrees that the scope
and duration of the covenant contained herein is reasonable both in time and geographical area and is necessary to protect the
Company Group’s legitimate business interests, especially considering the Executive’s position with the Company and
other relevant factors.

 

(b)
During the Employment Period and thereafter for the Noncompete Period, the Executive shall not individually or collectively, as
a participant in a partnership, sole proprietorship, corporation, limited liability company, or other entity, or as an operator,
investor, shareholder, partner, director, employee, consultant, manager, or advisor of any such entity, or in any other capacity
whatsoever, either directly or indirectly, engage in Interfering Activities. “Interfering Activities” shall
mean (A) encouraging, soliciting, or inducing, including, without limitation, through use of Trade Secrets or Confidential Information,
or in any manner attempting to encourage, solicit, or induce for the purpose of (i) any Person employed by, or providing consulting
services to, the Company Group to terminate such Person’s employment or services (or in the case of a consultant, materially
reducing such services) with the Company Group; (ii) any Business Relation to cease doing business with or reduce the amount of
business conducted with the Company Group, or in any way interfering with the relationship between any such Business Relation
and the Company Group; or (B) hiring any individual who was employed by the Company Group within the six (6) month period prior
to the date of such hiring. “Business Relation” shall mean any current or prospective client, customer, licensee,
supplier or other business relation of the Company Group, or any such relation that was a client, customer, licensee or other
business relation within the prior twelve (12) month period, in each case, with whom the Executive transacted business on behalf
of the Company Group or whose identity became known to the Executive in connection with the Executive’s relationship with
the Company Group, or the Executive’s employment by Company. Notwithstanding the foregoing, the Executive may hire those
employees responding to a general solicitation not directly targeted at such employees, or those employees actively recruited
by the Executive and hired by any member of the Company Group following the execution of this Agreement.

 

    9

     

    

 

(c)
If, at the time of enforcement of this Section 9, a court shall hold that the duration, scope, or area restrictions stated herein
are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under
such circumstances shall be substituted for the stated duration, scope or area, and that the court shall be allowed to revise
the restrictions contained herein to cover the maximum period, scope and area permitted by law. The Executive acknowledges that
the restrictions contained in this Section 8 are reasonable and that he has reviewed the provisions of this Agreement with his
legal counsel.

 

(d)
In the event of the breach or a threatened breach by the Executive of any of the provisions of this Section 9, the Company would
suffer irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the Company shall
be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order
to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). In addition, in the
event of an alleged breach or violation by the Executive of this Section 9, the Noncompete Period shall be tolled until such breach
or violation has been duly cured. Notwithstanding anything contained herein to the contrary, should the Executive violate any
provision of Sections 6, 7, 8 or 9 of this Agreement, and should the Executive not cure the breach (if curable) to the Board’s
reasonable satisfaction within ten (10) days after written notice thereof to the Executive, the Executive shall not be entitled
to any further payments pursuant to the termination of the Employment Period under Section 4.

 

(e)
The Executive has carefully read and considered the provisions of Sections 6, 7, 8 and 9 and, having done so, acknowledges and
recognizes the highly competitive nature of Company’s business, that access to Confidential Information, including Trade
Secrets, renders the Executive special and unique within the Company Group and the Company’s industry, and that the Executive
will have the opportunity to develop substantial relationships with existing and prospective clients, accounts, customers, consultants,
contractors, investors, and strategic partners of the Company Group during the course of and as a result of the Executive’s
employment with Company. In light of the foregoing, the Executive recognizes and acknowledges that the restrictions set forth
herein are fair and reasonable and are reasonably required for the protection of the legitimate business interests, Confidential
Information, including Trade Secrets, of the Company Group, and are reasonable and valid in geographical and temporal scope.

 

10.
Executive’s Representations. The Executive hereby represents and warrants to the Company that (i) the execution,
delivery and performance of this Agreement by the Executive do not and shall not conflict with, breach, violate or cause a default
under any contract, agreement, instrument, order, judgment or decree to which the Executive is a party or by which he is bound,
(ii) the Executive is not a party to or bound by any employment agreement, non-compete agreement or non-solicit agreement with
any other person or entity and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be
the valid and binding obligation of the Executive, enforceable in accordance with its terms. THE EXECUTIVE HEREBY ACKNOWLEDGES
AND REPRESENTS THAT HE HAS CONSULTED WITH INDEPENDENT LEGAL COUNSEL REGARDING HIS RIGHTS AND OBLIGATIONS UNDER THIS AGREEMENT
AND THAT HE FULLY UNDERSTANDS THE TERMS AND CONDITIONS CONTAINED HEREIN AND THEREIN.

 

    10

     

    

 

11.
Tax Withholding. All amounts payable to the Executive as compensation hereunder shall be subject to all customary withholding,
payroll and other taxes, and the Company shall be entitled to deduct or withhold from any amounts payable to the Executive any
federal, state, local or foreign withholding taxes, excise taxes, or employment taxes imposed with respect to the Executive’s
compensation or other payments or the Executive’s ownership interest in the Company (including, without limitation, wages,
bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity).

 

12.
Survival. This Agreement survives and continues in full force in accordance with its terms notwithstanding the expiration
or termination of the Employment Period.

 

13.
Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by
reputable overnight courier service or mailed by first class mail, return receipt requested, to the recipient at the address below
indicated:

 

Notices
to the Executive:

 

To
the Executive’s address most recently on file in the payroll records of the Company.

 

With
a copy to:

 

Salvatore
Galletti

27996
Palos Verde Dr. E Rancho

Palos
Verdes, CA 90275

Email:
josangal9@hotmail.com

 

Notices
to the Company:

 

Forum
Merger II Corporation

Forum
Merger II Corporation

1615
South Congress Avenue

Suite
103

Delray
Beach, FL 33445

Attention:
Marshall Kiev

David
Boris

Email:
mk@mkcapitalpartners.com

david@forummerger.com

 

or
such other address or to the attention of such other person as the recipient party shall have specified by prior written notice
to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered, sent or mailed.

 

14.
Stock Ownership. During the Employment Period, the Executive may be expected to maintain a specified level
of ownership of stock of the Company, in accordance with guidelines that may be established by the Board or the Board’s
Compensation Committee from time to time.

 

15.
Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or
any other compensation, paid to the Executive pursuant to this Agreement or any other agreement or arrangement with
the Company which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject
to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing
requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).

 

    11

     

    

 

16.
Section 280G of the Code. Notwithstanding anything to the contrary in this Agreement, the amount to be paid by the Company
to the Executive pursuant to this Agreement shall be limited such that the total “parachute payments” (as defined
in Section 280G(b)(2)(A)(i) of the Code) made to the Executive by the Company pursuant to this Agreement or otherwise does not
exceed the product of 2.99 times the “base amount” (as defined in Section 280G(b)(3) of the Code) for the Executive.

 

17.
Section 409A of the Code.

 

(a)
It is intended that any amounts payable under this Agreement shall be exempt from and avoid the imputation of any tax, penalty
or interest under Section 409A of the Code (“Section 409A”) to the fullest extent permissible under applicable
law; provided, that if any such amount is or becomes subject to the requirements of Section 409A, it is intended that those
amounts shall comply with such requirements. This Agreement shall be construed and interpreted consistent with that intent. In
furtherance of that intent, if payment or provision of any amount or benefit hereunder that is subject to Section 409A at the
time specified herein would subject such amount or benefit to any additional tax under Section 409A, the payment or provision
of such amount or benefit shall be postponed to the earliest commencement date on which the payment or provision of such amount
or benefit could be made without incurring such additional tax. In no event, however, shall the Company be liable for any tax,
interest or penalty imposed on the Executive under Section 409A or any damages for failing to comply with Section 409A.

 

(b)
If the Executive is a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i) as of the
Termination Date, the Executive shall not be entitled to any payment or benefit pursuant to Section 4(b) until the earlier of
(A) the date which is six (6) months after his separation from service (within the meaning of Section 409A) for any reason other
than death, or (B) the date of the Executive’s death; provided, that this paragraph shall only apply if, and to the
extent, required to avoid the imputation of any tax, penalty or interest pursuant to Section 409A. Any amounts otherwise payable
to the Executive upon or in the six (6) month period following the Executive’s separation from service that are not so paid
by reason of this Section 16(b) shall be paid (without interest) as soon as practicable (and in any event within thirty (30) days)
after the date that is six (6) months after the Executive’s separation from service (provided that in the event of the Executive’s
death after such separation from service but prior to payment, then such payment shall be made as soon as practicable, and in
all events within thirty (30) days, after the date of the Executive’s death).

 

(c)
Any reimbursement payment or in-kind benefit due to the Executive pursuant to Section 3(c), to the extent that such reimbursements
or in-kind benefits are taxable to him, shall be paid on or before the last day of the Executive’s taxable year following
the taxable year in which the related expense was incurred. The Executive agrees to provide prompt notice to the Company of any
such expenses (and any other documentation that the Company may reasonably require to substantiate such expenses) in order to
facilitate the Company’s timely reimbursement of the same. Reimbursements and in-kind benefits pursuant to Section 3(c)
are not subject to liquidation or exchange for another benefit and the amount of such benefits that the Executive receives in
one taxable year shall not affect the amount of such reimbursements or benefits that the Executive receives in any other taxable
year.

 

(d)
For purposes of Section 409A, the Executive’s right to receive any installment payments hereunder shall be treated as a
right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period
with reference to a number of days (e.g., payment shall be made within thirty (30) days following the date of termination), the
actual date of payment within the specified period shall be within the sole discretion of the Company.

 

    12

     

    

 

18.
Complete Agreement. This Agreement and those documents expressly referred to herein, including the exhibits to this Agreement
embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements
or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, provided,
however, that any non-competition, non-solicitation and other restrictive covenant agreements between the Executive and the Company
Group, including, without limitation, the Confidentiality, Invention and Non-Interference Agreement between Ittella International,
LLC, UMB Capital Corporation, and the Executive, dated as of April 15, 2019, shall continue in full force and effect in accordance
with their terms. This Agreement may not be amended, modified or changed (in whole or in part), except by written agreement executed
by both of the parties hereto.

 

19.
Effectiveness. The effectiveness of this Agreement is conditioned upon the closing of the Merger. Accordingly, this Agreement
shall be void and of no further force or effect if the Merger Agreement is validly terminated in accordance with its terms prior
to the closing of the Merger.

 

20.
Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all
of which taken together constitute one and the same agreement.

 

21.
Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by the Executive,
the Company and their respective heirs, successors and assigns; provided, that the services provided by the Executive under
this Agreement are of a personal nature and rights and obligations of the Executive under this Agreement shall not be assignable.

 

22.
Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement
and the exhibits hereto shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving
effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or of another State) and
the parties hereto hereby irrevocably submit to the jurisdiction of the courts of the State of Delaware. The Executive represents
that the Executive has had the opportunity to seek, and has in fact been individually represented by, legal counsel in negotiating
the terms of this Agreement, including with respect to the choice of Delaware law as the governing law of this Agreement and Delaware
courts as the jurisdiction for any judicial proceedings arising out of or relating to this Agreement.

 

23.
Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives all right to trial by jury in any action, proceeding
or counterclaim arising out of or relating to this Agreement.

 

24.
Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of
the Company (as approved by the Board) and the Executive, and no course of conduct or course of dealing or failure or delay by
any party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation, the Company's
right to terminate the Employment Period for Cause) shall affect the validity, binding effect or enforceability of this Agreement
or be deemed to be an implied waiver of any provision of this Agreement.

 

25.
Legal Counsel; Mutual Drafting. Each party recognizes that this is a legally binding contract and acknowledges and agrees
that they have had the opportunity to consult with legal counsel of their choice. Each party has cooperated in the drafting, negotiation
and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against
either party on the basis of that party being the drafter of such language. The Executive agrees and acknowledges that he has
read and understands this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior to
entering into this Agreement and has had ample opportunity to do so.

 

    13

     

    

 

26.
Key Man Life Insurance. The Company may apply for and obtain and maintain a key man life insurance policy in the name of
the Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which
shall be the Company. The Executive shall submit to reasonable physical examinations and answer reasonable questions in connection
with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

 

27.
Executive’s Cooperation. During the Employment Period, the Executive shall cooperate with the Company and the Subsidiaries
in any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including,
without limitation, the Executive being available to the Company upon reasonable notice for interviews and factual investigations,
appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering
to the Company ail pertinent information and turning over to the Company all relevant documents which are in or may come into
the Executive’s possession, ail at times and on schedules that are reasonably consistent with the Executive’s other
permitted activities and commitments). In the event the Company requires the Executive’s cooperation in accordance with
this Section 26, the Company shall promptly reimburse the Executive solely for reasonable travel expenses (including, but not
limited to, lodging and meals), upon submission of receipts.

 

[Signatures
on following page]

 

    14

     

    

 

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

 

	 	FORUM
    MERGER II CORPORATION
	 	 	 
	 	By:	 
	 	Its:	Marshall
    Kiev, Co-CEO and President 
	 	 	 
	 	EXECUTIVE
	 	 	 
	 	 
	 	Salvatore
    Galletti

 

     

     

    

 

Exhibit
A

 

FORM
OF AGREEMENT AND GENERAL RELEASE

 

THIS
AGREEMENT AND GENERAL RELEASE (the “Agreement and General Release”) is made and entered into on _____________,
2020 by and between Salvatore Galletti (“Executive”) and Tattooed Chef, Inc. (“Employer”).

 

WHEREAS,
Executive has been employed by Employer and the parties wish to resolve all outstanding claims and disputes between them relating
to such employment;

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements set forth in this Agreement and General Release,
the sufficiency of which the parties acknowledge, it is agreed as follows:

 

		1.	In
                                         consideration for Executive’s promises, covenants and agreements in this Agreement
                                         and General Release, Employer agrees to make the payments to and on behalf of Executive
                                         provided under Section 4(b) of the employment agreement between Executive and Employer
                                         dated June 11, 2020 (the “Employment Agreement”), in accordance with
                                         the terms and subject to the conditions of such Employment Agreement. Executive would
                                         not otherwise be entitled to such payments but for his promises, covenants and agreements
                                         in this Agreement and General Release. Executive acknowledges and agrees that the confidentiality,
                                         intellectual property assignment, non-competition, non-solicitation and other restrictive
                                         covenants contained in the Employment Agreement (the “Restrictive Covenants”)
                                         shall remain in full force and effect in accordance with their terms, and Executive hereby
                                         reaffirms Executive’s agreement to comply with such Restrictive Covenants.

 

		2.	The
                                         parties agree that the payments described in Section 1 of this Agreement and General
                                         Release are in full, final and complete settlement of all claims Executive may have against
                                         Employer, its subsidiaries, their respective past and present affiliates, and the respective
                                         officers, directors, owners, members, employees, agents, advisors, consultants, insurers,
                                         attorneys, successors and/or assigns of each of the foregoing (collectively, the “Releasees”).
                                         For the avoidance of doubt, this Agreement and General Release provides for the sole
                                         and exclusive benefits for which Executive is eligible as a result of his termination
                                         of employment, and Executive shall not be eligible for any benefits under Employer’s
                                         severance plan, if any, or any other agreement or arrangement providing for benefits
                                         upon a separation from service other than the Employment Agreement.

 

		3.	Nothing
                                         in this Agreement and General Release shall be construed as an admission of liability
                                         by Employer or any other Releasee, and Employer specifically disclaims liability to or
                                         wrongful treatment of Executive on the part of itself and all other Releasees.

 

		4.	To
                                         the extent permitted by applicable law, Executive agrees that he will not encourage or
                                         assist any person to litigate claims or file administrative charges against Employer
                                         or any other Releasee, unless required to provide testimony or documents pursuant to
                                         a lawful subpoena or other compulsory legal process, in which case he agrees to notify
                                         Employer immediately of his receipt of such subpoena so that Employer has the opportunity
                                         to contest the same. If any court has or assumes jurisdiction of any action against Employer
                                         or any of its affiliates on behalf of Executive, Executive will request that court to
                                         withdraw from or dismiss the matter with prejudice. Executive further represents that
                                         he has reported to Employer in writing any and all work-related injuries that he has
                                         suffered or sustained during his employment with Employer or its affiliates.

 

     

     

    

 

		5.	Executive
                                         represents that he has not filed any complaints or charges against Employer or any of
                                         its affiliates with the Equal Employment Opportunity Commission, or with any other federal,
                                         state or local agency or court.

 

		6.	Executive
                                         fully and forever releases and discharges Employer and all other Releasees from any and
                                         all legally waivable claims, liabilities, damages, demands, and causes of action or liabilities
                                         of any nature or kind, whether now known or unknown, arising out of or in any way connected
                                         with Executive’s employment with Employer or any of its affiliates or the termination
                                         of such employment; provided, however, that nothing in this Agreement and General Release
                                         shall either waive any rights or claims of Executive (i) that arise after Executive signs
                                         this Agreement and General Release; (ii) to enforce the terms of this Agreement and General
                                         Release; (iii) for the provision of accrued benefits conferred to Executive or his beneficiaries
                                         under the terms of Employer’s medical, dental, life insurance or defined contribution
                                         retirement benefit plans or any equity plan to which Executive participated in connection
                                         with his employment with Employer; (iv) for fees, expenses and costs, including on behalf
                                         of Executive’s attorney; (v) based on Executive’s existing rights to indemnification,
                                         if any, by the Employer or its affiliates pursuant to the Employer’s or affiliate’s
                                         governing documents or other written arrangements for acts committed during the course
                                         of Executive’s employment or existing rights to coverage under any; and (vi) based
                                         on Executive’s existing coverage under any directors and officers insurance policy
                                         in accordance with the terms of such policy. This release includes but is not limited
                                         to claims arising under federal, state or local laws concerning employment discrimination,
                                         termination, retaliation and equal opportunity, including but not limited to Title VII
                                         of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act
                                         of 1967, as amended, the Equal Pay Act of 1963, the Americans with Disabilities Act of
                                         1990, as amended, the Worker Adjustment and Retraining Notification Act of 1988, as amended,
                                         the Employee Retirement Income Security Act of 1974, as amended (ERISA) (including but
                                         not limited to fiduciary claims), claims for attorneys’ fees or costs, any and
                                         all statutory or common law provisions relating to or affecting Executive’s employment
                                         by Employer or its affiliates, and any and all claims in contract, tort, or premised
                                         on any other legal theory. Executive acknowledges that he is releasing claims based on
                                         age, race, color, sex, sexual orientation or preference, marital status, religion, national
                                         origin, citizenship, veteran status, disability and other legally protected categories.
                                         This provision is intended to constitute a general release of all of Executive’s
                                         presently existing covered claims against the Releasees, to the maximum extent permitted
                                         by law. Notwithstanding anything herein to the contrary, this Agreement and General Release
                                         does not purport to waive any claim for worker's compensation or unemployment benefits,
                                         and does not purport to waive or affect any claim that cannot be released by an agreement
                                         voluntarily entered into between private parties.

 

		7.	Executive
                                         specifically acknowledges that Executive is aware of and familiar with the provisions
                                         of California Civil Code Section 1542, which provides as follows:

 

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

 

Executive,
being aware of this section, hereby expressly waives and relinquishes all rights and benefits Executive may have under California
Civil Code Section 1542, as well as any other statutes or common law principles of similar effect.

 

     

     

    

 

		8.	Nothing
                                         in this Agreement and General Release shall be construed to prevent Executive from filing
                                         a charge or complaint, including a challenge to the validity of this Agreement, with
                                         any governmental agency or from participating in or cooperating with any investigation
                                         conducted by any governmental agency. Nevertheless, Executive agrees and understands
                                         that this Agreement and General Release waives all claims and rights to monetary or other
                                         recovery for any legal claims to the fullest extent permitted by law; and any claims
                                         based upon any other theory, whether legal or equitable, arising from or related to any
                                         matter or fact arising out the events giving rise to this Agreement and General Release.

 

		9.	Executive
                                         acknowledges that all confidential information regarding Employer’s or any of its
                                         affiliates’ business compiled, created or obtained by, or furnished to, Executive
                                         during the course of or in connection with his employment with Employer or any of its
                                         affiliates is the exclusive property of Employer or such affiliate. Upon or before execution
                                         of this Agreement and General Release, Executive will return to Employer all originals
                                         and copies of any material containing confidential information, and Executive further
                                         agrees that he will not, directly or indirectly, use or disclose such information. Executive
                                         will also return to Employer upon or before execution of this Agreement and General Release
                                         any other items in his possession, custody or control that are the property of Employer,
                                         including, but not limited to, his files, credit cards, identification card, data storage
                                         devices, passwords and office keys.

 

		10.	Executive
                                         acknowledges that (i) he has been given at least twenty-one (21)1 calendar
                                         days to consider this Agreement and General Release and that modifications hereof which
                                         are mutually agreed upon by the parties hereto, whether material or immaterial, do not
                                         restart the twenty-one day period; (ii) he has seven (7) calendar days from the date
                                         he executes this Agreement and General Release in which to revoke it; and (iii) this
                                         Agreement and General Release will not be effective or enforceable nor the amounts set
                                         forth in Section 1 paid unless the seven-day revocation period ends without revocation
                                         by Executive. Revocation can be made by delivery and receipt of a written notice of revocation
                                         to [INSERT NAME/TITLE AND ADDRESS], by midnight on or before the seventh calendar day
                                         after Executive signs the Agreement and General Release.2

 

		11.	Executive
                                         acknowledges that he has been advised to consult with an attorney of his choice with
                                         regard to this Agreement and General Release. Executive hereby acknowledges that he understands
                                         the significance of this Agreement and General Release, and represents that the terms
                                         of this Agreement and General Release are fully understood and voluntarily accepted by
                                         him.

 

		12.	Executive
                                         agrees that he will treat the existence and terms of this Agreement and General Release
                                         as confidential and will not discuss the Agreement and General Release, its terms or
                                         the circumstances surrounding his separation from service with Employer or its affiliate
                                         with anyone other than: (i) his counsel or tax advisor as necessary to secure their professional
                                         advice, (ii) his spouse or (iii) as may be required by law.

 

		13.	Any
                                         non-disclosure provision in this Agreement and General Release does not prohibit or restrict
                                         Executive (or Executive’s attorney) from responding to any inquiry about this Agreement
                                         and General Release or its underlying facts and circumstances by the Securities and Exchange
                                         Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory
                                         organization or governmental entity, or making other disclosures that are protected under
                                         the whistleblower provisions of federal law or regulation. Executive understands and
                                         acknowledges that he does not need the prior authorization of the Employer to make any
                                         such reports or disclosures and that he is not required to notify the Employer that he
                                         has made such reports or disclosures.

 

 

 

		1	Note
                                         to Draft: Change to forty-five (45) days in the case of a group termination under
                                         the ADEA.

		2	Note
                                         to Draft: This provision is only necessary if the Executive is over the age of 40.

 

     

     

    

 

		14.	Executive
                                         shall not make any oral or written statements, either directly or through other persons
                                         or entities, which are (i) disparaging to the Employer or any of the Employer’s
                                         affiliates, or the management, officers, directors, services, products or operations
                                         thereof, or (ii) likely to adversely affect the business relationship of the Employer
                                         or its affiliates with the public generally or with any of their respective customers,
                                         vendors, suppliers, licensors, lessors, joint venturers, associates, consultants, agents,
                                         partners, contractors or employees. Notwithstanding the foregoing, it shall not be a
                                         violation of this provision for Executive to make truthful statements when required by
                                         compulsory legal process or as otherwise may be required by law.

 

		15.	In
                                         the event of any lawsuit against Employer or any of its affiliates that relates to alleged
                                         acts or omissions by Executive during his employment with Employer or its affiliate,
                                         Executive agrees to cooperate with Employer or its affiliate by voluntarily providing
                                         truthful and full information as reasonably necessary for Employer or its affiliate to
                                         defend against such lawsuit, provided that the Employer shall reimburse Executive’s
                                         reasonable expenses incurred in providing such assistance subject to Executive’s
                                         delivery of written notice to the Employer prior to the time such expenses are incurred.

 

		16.	Executive
                                         shall indemnify and defend the Company against any claim arising out of this Agreement
                                         for unpaid taxes which may be made by any state or federal agency for any taxes, interest,
                                         fines or penalties.

 

		17.	Executive
                                         agrees not to seek reemployment or an independent contractor relationship with the Company
                                         at any time.

 

		18.	Executive
                                         agrees to hold in strictest confidence and not to disclose to any person, firm, or corporation
                                         or to use to compete with Company, without the express authorization of the CEO of the
                                         Company, any confidential or proprietary information relating to the business of Company.
                                         Confidential or proprietary information includes, but is not limited to: trade secrets,
                                         processes, formulas, computer programs, data, know-how, inventions, improvements, techniques,
                                         marketing plans, forecasts, discounts, customer and supplier lists.

 

		19.	The
                                         parties acknowledge that each would be irreparably harmed by any breach of the commitments
                                         in the Agreement by the other party, and that in the event of any such breach, the prevailing
                                         party shall be entitled to the recovery of all costs and attorneys’ fees incurred
                                         in bringing an action for breach of the Agreement. Any such action would have no effect
                                         on the validity or enforceability of the Agreement.

 

		20.	This
                                         Agreement and General Release shall be binding on Employer and Executive and upon their
                                         respective heirs, representatives, successors and assigns, and shall run to the benefit
                                         of the Releasees and each of them and to their respective heirs, representatives, successors
                                         and assigns.

 

		21.	This
                                         Agreement and General Release (and, to the extent explicitly provided herein, the Employment
                                         Agreement) set forth the entire agreement between Executive and Employer, and fully supersedes
                                         any and all prior agreements or understandings between them regarding its subject matter;
                                         provided, however, that nothing in this Agreement and General Release is intended to
                                         or shall be construed to limit, impair or terminate any obligation of Executive pursuant
                                         to any non-competition, non-solicitation, confidentiality or intellectual property agreements
                                         that have been signed by Executive where such agreements by their terms continue after
                                         Executive’s employment with Employer terminates, including, but not limited to,
                                         the provisions of Sections 6, 7, 8 and 9 of the Employment Agreement. This Agreement
                                         and General Release may only be modified by written agreement signed by both parties.

 

		22.	The
                                         Employer and Executive agree that in the event any provision of this Agreement and General
                                         Release is deemed to be invalid or unenforceable by any court or administrative agency
                                         of competent jurisdiction, or in the event that any provision cannot be modified so as
                                         to be valid and enforceable, then that provision shall be deemed severed from the Agreement
                                         and General Release and the remainder of the Agreement and General Release shall remain
                                         in full force and effect.

 

     

     

    

 

		23.	This
                                         Agreement and General Release will be governed by and construed in accordance with the
                                         laws of the State of Delaware, without giving effect to any choice of law or conflicting
                                         provision or rule (whether of the State of Delaware or any other jurisdiction) that would
                                         cause the laws of any jurisdiction other than the State of Delaware to be applied. In
                                         furtherance of the foregoing, the internal law of the State of Delaware will control
                                         the interpretation and construction of this Agreement and General Release, even if under
                                         such jurisdiction’s choice of law or conflict of law analysis, the substantive
                                         law of some other jurisdiction would ordinarily apply.

 

		24.	All
                                         judicial proceedings brought against any party arising out of or relating to this Agreement
                                         and General Release, or any obligations or liabilities hereunder, shall be brought in
                                         the United States District Court for the District of Delaware, provided that if the judicial
                                         proceeding shall not satisfy applicable federal jurisdiction requirements, such dispute
                                         shall be brought in the state courts of the State of Delaware. By executing and delivering
                                         this Agreement and General Release, each party irrevocably: accepts generally and unconditionally
                                         the exclusive jurisdiction and venue of such courts and waives, to the fullest extent
                                         permitted by applicable law, any objection which they may now or hereafter have to the
                                         laying of venue of any such dispute brought in such court or any defense of inconvenient
                                         forum for the maintenance of such dispute. Notwithstanding the foregoing, the parties
                                         may seek injunctive or equitable relief to enforce the terms of this Agreement and General
                                         Release in any court of competent jurisdiction.

 

		25.	Each
                                         of the parties hereto hereby irrevocably waives all right to trial by jury in any action,
                                         proceeding or counterclaim arising out of or relating to this Agreement and General Release.

 

		26.	The
                                         language of all parts of this Agreement and General Release in all cases shall be construed
                                         as a whole, according to its fair meaning, and not strictly for or against any of the
                                         parties.

 

[Signatures
on Following Page]

 

     

     

    

 

PLEASE
READ CAREFULLY. THIS

AGREEMENT AND GENERAL RELEASE INCLUDES A

RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

 

	 	EMPLOYER
	 	 
	 	TATTOOED
    CHEF, INC. 
	 	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	EXECUTIVE
	 	 	 
	 	 
	 	Salvatore
    Galletti
	 	 	 
	 	Date:

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