Document:

Exhibit 10.5

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (“Agreement”)
is made and entered into effective as of April 1, 2022 (the “Effective Date’”), by and between SAW Holdings, LLC (the “Consultant”),
and American Virtual Cloud Technologies, Inc. (“AVCT” or the “Company’), whose address is 1720 Peachtree Street,
Suite 629, Atlanta, GA 30309. When referred to collectively the Company and the Consultant shall be referred to as the “Parties”.

 

Recitals

 

		A.	The Company wishes to engage the services of the Consultant to advise and consult with the Company on
certain matters related to capital markets as set forth in this Agreement.

 

		B.	The Consultant has extensive experience in private equity, investment banking, financial consulting, investor
relations, and entrepreneurial executive management, with specific knowledge of the Company as well. As a result, the Consultant has the
expertise to advise and assist the Company in the various capital markets activities.

 

		C.	The Company wishes to engage the services of the Consultant to advise and consult with the Company as
provided for in paragraph 1.4 below.

 

		D.	The Consultant is willing to accept such engagement, on the terms set forth in this Agreement.

 

Now therefore, in consideration of the foregoing
recitals and the mutual covenants and obligations contained in this Agreement, including the payment of fees and other good and valuable
consideration contained herein, the parties agree as follows:

 

 1.0 Engagement.

 

		1.1	The Company hereby engages the Consultant to perform the Services, as defined and set forth in paragraph
1.4, for the Term as defined and set forth in paragraph 1.2, and the Consultant hereby accept this engagement, on the terms and subject
to the conditions set forth in this Agreement.

 

		1.2	Term. The term of the Consultant’s engagement under this Agreement shall be for the period
beginning on the Effective Date and ending three (3) months from the Effective Date (the ‘Initial Term’), or as otherwise
provided for in paragraph 4.0 below (the “Term”) or as otherwise agreed upon or extended in writing by the Parties, provided,
however, that the Parties agree that the Agreement will automatically extend in one month increments until cancelled.

 

		1.3	Relationship. The relationship between the Company and the Consultant created by this Agreement
is that of an independent contractor and the Consultant is not and shall not be deemed to be an employee of the Company for any purpose.

 

		1.4	Services. The Consultant shall render Services from time to time during the Term of this Agreement
at the Company’s request. The “Services” shall include but not be limited to: general advisory services relating to
the Company operating as a publicly traded enterprise, capital markets advisory services, advice on methods to increase the company’s
enterprise value, and any other services that the Parties agree to in writing and are subsequently attached as an addendum to this agreement.
Unless otherwise agreed upon by the Company in writing, all Services shall be provided by Robert Willis.

 

		1.5	No Capital Raising Services. The Services do not include assisting the Company, (i) in connection
with the offer or sale of securities in any capital-raising transaction, or (ii) to directly or indirectly promote or maintain a market
for any of the Company’s securities.

 

		1.6	No Investment Advisory or Brokerage Services; No Legal Services. The Services do not include
requiring the Consultant to engage in any activities for which an investment advisor’s registration or license is required under the U.S.
Investment Advisors Act of 1940, or under any other applicable federal or state law; or for which a “broker’s” or “dealer’s”
registration or license is required under the U.S. Securities Exchange Act of 1934, or under any other applicable federal or state law.
Consultant’s work on this engagement shall not constitute the rendering of legal advice, or the providing of legal services, to
the Company. Accordingly, Consultant shall not express any legal opinions with respect to any matters affecting the Company. Consultant’s
work on this engagement shall not consist of effecting transactions in the Company’s securities and the Consultant shall not provide
any securities broker-dealer services to the Company.

 

     

     

    

 

		1.7	Travel and Board Meetings. The Consultant understands and acknowledges it may be necessary
to travel to perform the Services, and that the Consultant shall be asked to do so by the Company. The Consultant shall, if requested
by the Company and at the Company’s expense, attend meetings of the Company’s Board at reasonable times. The Consultant shall
be reasonably available by telephone to consult with the Board and the Company’s executive management at regular and special meetings
thereof.

 

		1.8	Time; Non-exclusive. The Consultant shall devote a significant amount of its time, and as much
time is reasonably necessary, to the performance of the Services, but the Consultant shall not be required to devote any fixed number
of hours or days to the performance of the Services. The Company recognizes that the Consultant may continue to have other business and
agrees that this engagement is non-exclusive.

 

		1.9	Confidentiality. The Consultant shall not disclose any non-public, confidential or proprietary
information, including but not limited to confidential information concerning the Company’s analytical techniques, technical
information, customer information, employee information, proposed transactions, or forecasted financial performance, unless required to
do so by applicable law.

 

 2.0 Consultant’s Fees and Expenses. 

 

		2.1	The Consultant’s Fee. The Consultant agrees to accept monthly compensation of $25,000 for
its services under this Agreement from the Company payable in arrears upon receipt of a complete invoice.

 

		2.2	Offset; Withholding; Taxes. The Company shall pay the Consultant’s Fee to the Consultant
without offset, deduction or withholding of any kind or for any purpose. The Consultant shall pay any federal, state and local
taxes payable by it with respect to the Consultant’s Fee.

 

		2.3	The Consultant’s Expenses. The Company will reimburse the Consultant for preapproved travel
expenses incurred by attending meetings for and with the Company, producing documented presentations and materials and any such other
reasonable expenses. The Company shall pay the Consultant within thirty (30) days of the Consultant incurring such expenses.

 

 3.0 Representations, Warranties and Covenants.

 

		3.1	Representations and Warranties of the Company. The Company represents and warrants to
and covenants with the Consultant that (a) the Company is duly incorporated, validly existing and in good standing; (b) the Company has
the corporate power and authority to transact business; (c) the execution, delivery and performance by the Company of this Agreement is
duly authorized and will not require any additional consents or approvals, contravene the Company’s certificate of incorporation
or bylaws, violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently
in effect; or result in a breach of or constitute a default under any agreement or other instrument to which the Company is a party. The
Company further represents and warrants that (d) this Agreement is the, legal, valid and binding obligation of the Company, enforceable
against it in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency
and other similar laws affecting creditors’ rights generally.

 

		3.2	Representations and Warranties of the Consultant. The Consultant represents and warrants to and
covenant with the Company that (a) the execution, delivery and performance by the Consultant of this Agreement, does not and will not
violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect
having applicability to the Consultant; or (b) result in a breach of or constitute a default under any agreement or other instrument to
which the Consultant is a party. The Consultant further covenants that this Agreement is a legal, valid, and binding obligation of the
Consultant, enforceable against it in accordance with its terms, except to the extent that such enforcement may be limited by applicable
bankruptcy, insolvency and other similar laws affecting creditors’ rights generally.

 

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 4.0 Termination.

 

Neither Party may terminate this Agreement without cause
prior to the end of the Initial Term. After the Initial Term, either Party may terminate this Agreement at any time upon written notice
to the other Party.

 

 5.0 General Provisions.

 

		5.1	Entire Agreement. This Agreement contains the entire agreement of the parties, and supersedes
any prior agreements with respect to its subject matter. There are no agreements, understandings or arrangements of the parties with respect
to the subject matter of this Agreement that is not contained herein. This Agreement shall not be modified except by written instrument
signed by the parties. No waiver of any provision of this Agreement shall be effective unless made in writing and signed by the party
making the waiver. The waiver of any provision of this Agreement shall not be deemed to be a waiver of any other provision or any future
waiver of the same provision.

 

		5.2	Notices. All notices given under this Agreement shall be in writing, addressed to the parties
as set forth below, and shall be effective on the earliest of (i) the date received, or (ii) on the second business day after delivery
to a major international air delivery or air courier service (such as Federal Express or UPS):

 

If to the Company:

Thomas H. King

American Virtual Cloud Technologies, Inc.

1720 Peachtree Street, Suite 629

Atlanta, GA 30309

 

If to the Consultant:

SAW Holdings, LLC

c/o Robert E. Willis

920 Wootton Road

Bryn Mawr, PA 19010

 

		5.3	Governing Law. This Agreement shall be governed by, and construed in accordance with, the
laws of the State of Georgia.

 

		5.4	Jurisdiction and Venue. The courts of the State of Georgia shall have exclusive jurisdiction to
hear, adjudicate, decide, determine and enter final judgment in any action, suit, proceeding, case, controversy or dispute, whether at
law or in equity or both, and whether in contract or tort or both, arising out of or related to this Agreement, or the construction or
enforcement hereof or thereof (any such action, suit, proceeding, case, controversy or dispute, shall be collectively referred to as a
“Related Action”). The Company and the Consultant hereby irrevocably consent and submit to the exclusive personal jurisdiction
of the Georgia Courts to hear, adjudicate, decide, determine and enter final judgment in any Related Action. The Company and the Consultant
hereby irrevocably waive and agree not to assert any right or claim that it is not personally subject to the jurisdiction in any Related
Action, including any claim of forum non conveniences or that the Georgia Courts are not the proper venue or form to adjudicate any Related
Action. If any Related Action is brought or maintained in any court other than the Georgia Courts, then that court shall, at the request
of the Company or the Consultant, dismiss that action. The Parties may enter a judgment rendered by the courts of Georgia under this Agreement
for enforcement in the courts of Georgia and the party against whom such judgment is taken will not contest the authority of such courts
to enforce such a judgment.

 

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		5.5	Waiver of Jury Trial. The Company and the Consultant hereby waive trial by jury in any Related
Action.

 

		5.6	Attorney’s Fees. The prevailing party in any Related Action shall be entitled to recover
that party’s costs of suit, including reasonable attorney’s fees.

 

		5.7	Binding Effect. This Agreement shall be binding on, and shall inure to, the benefit of
the Parties and their respective successors in interest.

 

		5.8	Construction, Counterparts. This Agreement shall be construed as a whole and in favor of the
validity and enforceability of each of its provisions, so as to carry out the intent of the parties as expressed herein. Headings are
for the convenience of reference, and the meaning and interpretation of the text of any provision shall take precedence over its heading.
This Agreement may be signed in one or more counter parts, each of which shall constitute an original, but all of which, taken together
shall constitute one agreement. A faxed copy or photocopy of a Party’s signature shall be deemed an original for all purposes.

 

IN WITNESS WHEREOF, the Parties have executed this Agreement effective
as of the Effective Date.

 

The Company:

 

	AMERICAN VIRTUAL CLOUD TECHNOLOGIES, INC.
	 	 
	By:	 
	 	 
	/s/ Thomas H. King	 
	Thomas H. King,	 
	Chief Financial Officer	 

 

The Consultant:

 

	SAW Holdings, LLC	 
	 	 
	By:	 
	 	 
	/s/ Robert Willis	 
	Robert Willis	 
	Managing Member	 

 

Robert Willis, individually, hereby joins in this
Agreement for the limited purposes set forth herein.

 

	 	/s/
    Robert Willis
	 	Dated: 4/20/2022

 

 

4Exhibit 10.6

 

TERMINATION AGREEMENT

 

TERMINATION AGREEMENT (this
“Agreement”), dated as of April 21, 2022, by and between American Virtual Cloud Technologies, Inc., a Delaware corporation
(the “Company”), and Navigation Capital Partners, Inc., a Delaware corporation (“Consultant”). Each
of the Company and Consultant is sometimes referred to herein as a “Party,” and the Company and Consultant are sometimes
referred to herein collectively as the “Parties.”

 

WITNESSETH:

 

WHEREAS, the Company and Consultant
are parties to that certain Services Agreement, dated as of March 4, 2021 (the “Services Agreement”), pursuant to which,
among other things, Consultant had provided certain services to the Company since October 1, 2020;

 

WHEREAS, the Company has accrued
an aggregate of $900,000 of unpaid fees due to Consultant pursuant to the terms of the Services Agreement;

 

WHEREAS, the Company granted
Consultant a restricted stock unit award in July 2021 (the “RSU”) in consideration of the provision of additional services
by personnel of Consultant to the Company; and

 

WHEREAS, the Parties wish to
terminate and cancel the RSU and to settle all obligations of the Company to Consultant under, and to terminate in full, the Services
Agreement, on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, covenants and agreements herein contained, and for other good and valuable consideration,
the adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

		1.	Termination of Services Agreement. Notwithstanding
anything to the contrary set forth therein, the Services Agreement is hereby terminated effective immediately and all provisions contained
therein are of no further force and effect, with no remaining liability of any party to the Services Agreement with respect thereto,
other than the obligation of the Company to make (or cause to be made) the payments provided in Section 2 of this Agreement. Consultant,
on behalf of itself and its affiliates and its and their respective successors and assigns, hereby releases the Company and its affiliates
and its and their respective successors and assigns from any and all claims, liabilities or other obligations arising under or in connection
with the Services Agreement (other than the payments provided in Section 2 of this Agreement).

 

		2.	Cancellation of RSU. The RSU is hereby terminated
effective immediately and all provisions contained therein are of no further force and effect, with no remaining liability of any party
to the RSU with respect thereto. Consultant acknowledges and agrees that none of the RSU has vested on or prior to the date hereof.

 

    

     

    

 

		3.	Payments. In consideration of the termination of the
Services Agreement as set forth herein, the Company shall pay to Consultant the sum of $900,000, in nine (9) monthly installments of
$100,000 each, commencing on May 1, 2022; provided that any payment that would be due on a day that is not a business day shall be due
and payable on the next succeeding business day.

 

		4.	General Representations. As an inducement to the other
Party to enter into this Agreement, each Party hereto hereby represents and warrants to the other Party the following:

 

		a.	Organization; Good Standing; Qualification. Such Party
is validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate or other
business entity power and authority to conduct its business as currently conducted, except where the failure to be in good standing or
to have such power and authority would not materially impair such Party’s ability to consummate the transactions contemplated hereby
or comply with the terms and provisions hereof applicable to such Party.

 

		b.	Authority; Approvals. Such Party has requisite power
and authority to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated
hereby. This Agreement has been duly authorized and duly and validly executed and delivered by such Party and (assuming due authorization,
execution and delivery by the other Parties hereto) constitutes legal, valid and binding obligations of such Party, enforceable against
such Party in accordance with its terms, except as enforceability may be limited by limitations on enforcement and other remedies imposed
by or arising under or in connection with applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally from time to time in effect or general principles of equity (including
concepts of materiality, reasonableness, good faith and fair dealing with respect to those jurisdictions that recognize such concepts).

 

		c.	No Violation. Neither the execution and delivery of
this Agreement by such Party nor the consummation by such Party of the transactions contemplated hereby nor compliance by such Party
with any of the terms or provisions hereof applicable to such Party will (i) violate any provision of such Party’s constituent
documents or (ii) (A) violate any law applicable to such Party or any of its respective assets or (B) violate, conflict with,
result in a breach of any provision of, constitute a default (or an event which, with notice or lapse of time, or both, would constitute
a default) under, result in the termination or cancellation of, or result in the creation of any lien upon any of the assets of such
Party under any of the terms, conditions or provisions of any contract to which such Party is a party, or by which their or any of its
assets may be bound, except, in the case of clause (ii) where such violation conflict, breach, default, termination, cancellation or
lien (as applicable) would not materially impair such Party’s ability to consummate the transactions contemplated hereby or to
comply with the terms and provisions hereof applicable to such Party.

 

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		d.	Consents and Approvals. No consents or approvals of
or filings or registrations with any governmental authority, or of or with any third party, are necessary in connection with the execution
and delivery by such Party of this Agreement or the consummation by such Party of the transactions contemplated hereby and compliance
by such Party with any of the provisions hereof.

 

		5.	Miscellaneous.

 

		a.	Further Assurances. On and after the execution of
this Agreement, each Party hereto shall execute and deliver to the other Party such documents, agreements and other instruments as may
be reasonably requested by such other Party and are required to effectuate the transactions contemplated by this Agreement.

 

		b.	Entire Agreement. This Agreement contains the entire
agreement between the Parties with respect to the subject matter hereof and supersedes all previous agreements, negotiations, discussions,
writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings
between the Parties other than those set forth herein.

 

		c.	Amendments and Waivers. This Agreement may
be amended, modified or supplemented only by an instrument in writing signed by the Parties hereto. The failure of a Party hereto at
any time or times to require performance of any provision hereof or claim damages with respect thereto shall in no manner affect its
right at a later time to enforce the same. No waiver by a Party of any condition or of any breach of any term or covenant contained in
this Agreement shall be effective unless it is in a writing signed by such Party.

 

		d.	Assignment; No Third Party Beneficiaries. This Agreement
is solely for the benefit of the Parties hereto and their respective successors and permitted assigns, and nothing herein, express or
implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement.

 

		e.	Severability. If any provision of this Agreement
shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions hereof shall not be
affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar
as possible to the provision at issue.

 

		f.	Counterparts. This Agreement may be executed
in any number of counterparts (including by .pdf file exchanged via email or other electronic transmission), each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

		g.	Governing Law. This Agreement shall be governed exclusively
by and construed and enforced exclusively in accordance with the internal Laws of the State of Delaware without giving effect to the
principles of conflicts of law thereof.

 

		h.	Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY
AND ABSOLUTELY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH, ARISING UNDER OR RELATING TO THIS AGREEMENT OR
ANY MATTERS CONTEMPLATED HEREBY AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER.

 

[SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the Parties
have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	 	AMERICAN VIRTUAL CLOUD

                    TECHNOLOGIES, INC.

	 	 	 	 
	 	By:	/s/ Thomas King
	 	 	Name: 	Thomas King
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	NAVIGATION CAPITAL PARTNERS, INC.
	 	 	 	 
	 	By:	/s/ Ronald J. Coombs
	 	 	Name:	Ronald J. Coombs
	 	 	Title:	Chief Financial Officer

 

[Signature Page to Termination Agreement]

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