Document:

Exhibit 10.1

 

Separation Agreement and General Release

 

This Separation Agreement
and General Release (the “Agreement”) is made and entered into by and between NETSTREIT Management, LLC (the “Company”),
and Andrew Blocher, an individual (“Executive” or “you”).

 

Recitals

 

WHEREAS, Executive has been
employed by the Company as its Chief Financial Officer and Treasurer of the Company pursuant to the terms of a certain Amended and Restated
Employment agreement between Executive and the Company dated February 22, 2022 (the “Executive Employment Agreement”);

 

WHEREAS, on November 6, 2022,
Executive’s resignation from the Company and all officer positions held therein and at NETSTREIT Corp. became effective;

 

WHEREAS, both Executive and
the Company (collectively, the “Parties”) desire and intend to amicably sever the employment relationship between them;
and

 

WHEREAS, both Parties have
read and understand the terms of this Agreement, and both Parties have been provided with reasonable opportunities to consult with their
respective legal counsel prior to entering this Agreement.

 

NOW THEREFORE, in consideration
of the mutual covenants contained herein and other valid consideration, the sufficiency of which is acknowledged, the Parties hereto agree
as follows:

 

1.                  
Termination of Employment. The Executive Employment Agreement is terminated and Executive’s last day of employment with
the Company will be November 6, 2022 (the “Separation Date”). Executive will be paid all wages earned and payable,
together with any accrued and unused paid time off (as governed by Company policy on pay at termination), through the Separation Date,
subject to all applicable taxes and withholdings. Executive will be reimbursed for all necessary and reasonable business-related expenses
incurred through the Separation Date, in accordance with Company policy. From and after the Separation Date, Executive shall not be, nor
shall Executive represent that he is, an employee, officer, representative or agent of the Company. For the avoidance of doubt, the Parties
agree that Executive’s resignation does not constitute a resignation for Good Reason as defined in the Executive Employment Agreement.

 

2.                  
Severance Payment. In consideration of Executive’s agreements and undertakings in this Agreement, including but not limited
to, the Release set forth in Paragraph 4 below, and provided that Executive signs and does not revoke this Agreement and that Executive
fully complies with the terms of this Agreement, the Company will provide Executive with the following separation benefits (the “Separation
Benefits”):

 

		(a)	a severance payment equal to (i) one year of Executive’s base salary as of the Separation Date in
the gross amount of $375,000, less applicable withholdings and deductions and (ii) Executive’s Target Annual Bonus opportunity for
the 2022 fiscal year, in the gross amount of $405,000, less applicable withholdings and deductions, payable in a lump sum within five
(5) business days of the Effective Date of the Agreement (the “Severance Payment”);

 

    1

     

    

 

		(b)	notwithstanding the terms of the applicable equity award agreements, accelerated vesting of 25,997 of
Executive’s Alignment Restricted Stock Units, representing 100% of such unvested units;

 

		(c)	notwithstanding the terms of the applicable equity award agreements, accelerated vesting of 56,211 of
Executive’s time-based Restricted Stock Units; and

 

		(d)	provided that Executive makes a valid election to continue healthcare coverage under COBRA, the Company
agrees to continue to provide coverage to Executive and Executive’s dependents under its group health plan at the same levels and
costs in effect on the Separation Date (excluding, for purposes of calculating cost, Executive’s ability to pay premiums with pre-tax
dollars), with the Company paying 100% of the premium for such coverage, until the earliest of (i) eighteen (18) months from the Separation
Date; (ii) Executive becoming eligible for medical benefits from a subsequent employer; or (iii) Executive otherwise becoming ineligible
for COBRA continuation coverage (the “COBRA Period”); provided, that Executive
shall not be entitled to receive such payment toward Executive’s COBRA premiums if such payment is then impermissible under applicable
law or would result in a penalty or additional tax on the Company (aside from standard taxes applicable to the payment of wages).

 

Executive acknowledges that the Separation Benefits
described in this Paragraph 2 constitute consideration to which Executive would not otherwise be entitled without executing this Agreement.

 

3.                  
Payment in Full Satisfaction. Executive acknowledges that the arrangements, payments and benefits described above are in lieu
of and in full satisfaction of any amounts that might otherwise be payable under any contract, plan, policy or practice, past or present,
of the Company, and any of its affiliates, including but not limited any discretionary bonus or severance pay. Except as specifically
described in this Agreement, Executive shall not be eligible to participate or continue to participate in any employee benefit plans or
compensation arrangements of the Company, or any of its affiliates, subsequent to the Separation Date, including but not limited to with
respect to any bonus or incentive compensation, or severance pay. Except as specifically described in this Agreement, Executive agrees
that other than the Separation Benefits, Executive has been paid all compensation, wages, bonuses, commissions due, and other consideration
to which Executive may be entitled to from the Company and has been provided all leaves (paid or unpaid) to which Executive may be entitled.

 

4.                  
General Release by Executive and Covenant Not to Sue.

 

(a)               
In consideration of the Company’s obligations set forth in this Agreement, including but not limited to the payments and benefits
described in Paragraph 2 above, Executive voluntarily, knowingly and willingly releases and forever discharges and covenants not to sue
the Company, and its parents, affiliates, and subsidiaries, together with their respective present or former officers, directors, partners,
shareholders, employees, agents, and each of their predecessors, successors and assigns (collectively, the “Releasees”)
from any and all rights, claims, causes of action, charges, demands, damages and liabilities of every kind whatsoever, known or unknown,
suspected or unsuspected, which Executive or Executive’s executors, administrators, successors or assigns ever had, now have or
hereafter can, shall or may have by reason of any matter, cause or thing whatsoever arising from the beginning of time to the time Executive
signs this Agreement (the “Release”). This Release includes, but is not limited to, any rights or claims relating in
any way to Executive’s employment relationship with the Company or any of the Releasees, or the separation of Executive’s
employment, any rights or claims arising under any statute or regulation, including without limitation, Title VII of the Civil Rights
Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act,
the Americans with Disabilities Act of 1990, the Family and Medical Leave Act of 1993, the Equal Pay Act of 1963, the Rehabilitation Act
of 1973, the Employee Retirement Income Security Act of 1974, the anti-retaliation provisions of the Fair Labor Standards Act, the Genetic
Information Nondiscrimination Act, the National Labor Relations Act, the Fair Credit Reporting Act, Section 1981 of the Civil Rights Act
of 1866, the Virginia Human Rights Act, the Virginians with Disabilities Act, the Virginia Equal Pay Law, the Virginia Payment of Wage
Law, and any other federal, state or local law, regulation, ordinance or common law, or under any plan, program, policy, agreement, contract,
understanding or promise, written or oral, formal or informal, between the Company or any of the Releasees and Executive, including but
not limited to, any claim for severance pay, attorney’s fees, costs, and/or other fringe benefit of the Company or any of the other
Releasees, and any and all claims for alleged tortious, defamatory or fraudulent conduct.

 

    2

     

    

 

(b)               
Notwithstanding the forgoing, nothing in this Agreement shall serve to waive any claims or rights that, pursuant to law, cannot be waived
or subject to a release of this kind, such as (i) claims for unemployment or workers’ compensation benefits; (ii) rights to vested
benefits under any applicable retirement plans as of the Separation Date; (iii) claims arising under or to enforce the terms of this Agreement;
(iv) any rights or claims for indemnification or defense pursuant to the Company’s bylaws, certificate of incorporation, applicable
insurances, or applicable law; and/or (v) any rights or claims that may arise after the date on which Executive executes this Agreement.
Moreover, nothing herein shall be construed to prohibit Executive from filing a charge with, or participating in any investigation or
proceeding conducted by, the Equal Employment Opportunity Commission or a comparable state or local agency (“EEOC”); provided,
however, that Executive agrees and covenants to waive Executive’s right to recover monetary damages in any such EEOC charge, complaint,
or lawsuit filed by Executive or by any other person, organization, or other entity on Executive’s behalf with respect to the claims
released by this Agreement. Nothing in this Agreement shall prevent Executive from making disclosures that are protected under whistleblower
provisions of applicable law, or from receiving an award for making such disclosures.

 

5.                  
Representations. Executive hereby specifically represents, warrants, and confirms that Executive: has not made any claims or
allegations to the Company related to sexual harassment or sexual abuse, and that none of the payments set forth in this Agreement are
related to sexual harassment or sexual abuse; has not filed any claims, complaints, or actions of any kind against the Releasees with
any court of law, or local, state, or federal government or agency; has not engaged in and are not aware of any unlawful conduct relating
to the business of the Company its parents, affiliates, and subsidiaries; and has not assigned or otherwise transferred of any interest
in any claim that Executive may have against the Releasees, or any one of them. The Company hereby specifically represents, warrants,
and confirms that as of the date of its execution of this Agreement, the Company is not aware of any action or inaction by Executive that
would give rise to a clawback right under any applicable clawback policy or procedure of the Company or applicable law.

 

6.                  
Mutual Non-disparagement. The Parties agree to abide by the Mutual Non-Disparagement provision contained in the Executive Employment
Agreement.

 

7.                  
Protected Activity. Nothing in this Agreement is intended to or shall preclude Executive from providing truthful information
to, or participating in any investigation or proceeding conducted by, any federal, state or local government agency or self-regulatory
organization; making any truthful statements or disclosures on any non-privileged subject matter in response to a valid subpoena, court
order, regulatory request or other judicial, administrative, or legal process or otherwise as required by law, provided that the disclosure
does not exceed the extent of disclosure required by such law, regulation, or order; reporting, without any prior authorization from or
notification to the Company, possible violations of federal, state or local law or regulation, or any good faith allegation of criminal
conduct, to any appropriate federal, state, or local official; or requesting or receiving confidential legal advice. In addition, nothing
in this Agreement is intended to unlawfully impair or interfere with Executive’s rights under Section 7 of the National Labor Relations
Act.

 

    3

     

    

 

8.                  
Return of Company Property. Executive agrees that he shall immediately return to the Company all files, memoranda, records,
building and office access cards, ID cards, keys, access codes, computers and databases, devices, software, equipment, and other property,
including but not limited to all such items containing confidential information of the Company or its affiliates, that have come into
Executive’s possession or that Executive has received, acquired, or prepared in connection with Executive’s relationship with
the Company. Executive further agrees that Executive will not retain any copies, duplicates, reproductions or excerpts of any property
of the Company or its affiliates, including but not limited to property containing confidential information of the Company or its affiliates.

 

9.                  
No Admission of Liability. Executive agrees and acknowledges that neither this Agreement, nor any of the considerations described
in this Agreement, shall constitute or be interpreted as an admission of liability of any kind by the Releasees that they have acted wrongfully
or unlawfully with respect to Executive or any other person, or that Executive has any rights whatsoever against the Releasees except
as contained in this Agreement. The Releasees specifically disclaim any liability for any wrongful acts against Executive or any other
person on the part of the Releasees, their employees, agents, officers, or representatives.

 

10.              
Continuing Obligations. Executive affirms and acknowledges the post-employment obligations contained in his Executive Employment
Agreement, including those contained in Paragraph 4 therein. The Company affirms and acknowledges its obligations contained in the Executive
Employment Agreement that survive Executive’s separation from employment, including those contained in Paragraphs 4.7, 8.1, and
8.2.

 

11.              
Review Period; ADEA Waiver; Effective Date. Executive acknowledges that he is knowingly and voluntarily waiving and releasing
any rights he may have under the ADEA (the “ADEA Waiver”), and that the consideration given for the ADEA Waiver is
in addition to anything of value to which Executive is already entitled. Executive further acknowledges that he has been advised, as required
by the ADEA, that:

 

(a)               
Executive’s ADEA Waiver does not apply to any rights or claims that may arise after the date that Executive signs this Agreement;

 

(b)               
Executive should consult with an attorney prior to signing this Agreement, although Executive may choose to voluntarily not to do so;

 

(c)               
Executive will have a period of twenty-one (21) days to review this Agreement and consider whether to sign it (the “Review
Period”). However, Executive may sign this Agreement prior to the expiration of the Review Period, if he wishes to do so;

 

    4

     

    

 

(d)               
Once Executive has signed this Agreement, Executive will have a period of seven (7) additional days from the date Executive signs
it to revoke Executive’s consent to the Agreement (the “Revocation Period”). To revoke this Agreement, Executive
must do so in writing and deliver Executive’s written revocation by email within the Revocation Period to Mark Manheimer.

 

(e)               
This Agreement will not become effective until the eighth (8th) day after the date Executive has signed it and returned it to the Company,
assuming that Executive has not revoked Executive’s consent prior to expiration of the Revocation Period (the “Effective
Date”). Executive acknowledges and agrees that, in the event Executive does not sign this Agreement within the Review Period
or if Executive revokes his consent to the Agreement during the Revocation Period, this Agreement shall have no force or effect, and Executive
shall have no right to receive the consideration or benefits described in this Agreement.

 

12.              
Consultation with an Attorney. The Company advises Executive to consult with an attorney of Executive’s choice prior
to signing this Agreement. This Agreement constitutes a binding legal instrument affecting significant rights. Executive understands and
agrees that Executive has the right and has been given the opportunity to review this Agreement and, specifically, the Release set forth
in Paragraph 4 above, with an attorney of Executive’s choice should Executive so desire. Executive also understands and agrees that
absent Executive’s acceptance of the terms of this Agreement, the Company is under no obligation to offer Executive the Separation
Benefits described in Paragraph 2, and that Executive is under no obligation to consent to the Release in Paragraph 4.

 

13.             
Choice of law; Jurisdiction. This Agreement shall be construed in accordance with the laws of the State of Virginia without
regard to conflicts of law principles. Each party hereto submits to the exclusive jurisdiction of the state and federal courts located
in the State of Virginia for any action or proceeding to enforce this Agreement.

 

14.              
Entire Agreement; Modification and Waiver. Executive understands and agrees that the terms and conditions described in this
Agreement set forth the entire agreement and understanding and replaces, and supersedes, any previous oral or written understandings between
Executive and the Company on each the subjects addressed in this Agreement, however, if Executive has previously signed an agreement or
agreements containing confidentiality, trade secret, non-solicitation, non-competition inventions, and/or other similar provisions, including
those contained in Executive’s Executive Employment Agreement, Executive’s obligations under such agreement(s) continue in
full force and effect according to their terms and survive the termination of Executive’s employment from the Company. Executive
also understands and agrees that this Agreement may only be modified by written agreement signed by both Executive and an authorized representative
of the Company. No waiver by either of the parties of any breach by the other party hereto of any condition or provision of this Agreement
to be performed by the other party hereto shall be deemed a waiver of any similar or dissimilar provision or condition at the same or
any prior or subsequent time, nor shall the failure of or delay by either of the parties in exercising any right, power or privilege hereunder
operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such right, power or privilege.

 

15.              
Counterparts. Executive agrees that this Agreement may be executed in counterparts, each of which shall be deemed an original,
and that all counterparts so executed shall constitute one Agreement binding on both Executive and the Company, notwithstanding that Executive
and the Company are not signatory to the same counterpart. This Agreement may be executed either by original, facsimile, or electronic
copy, each of which will be equally binding.

 

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16.              
Voluntary and Knowing Execution of this Agreement. Executive acknowledges and agrees that Executive
executed this Agreement voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with
the full intent of releasing all of Executive’s claims that Executive may lawfully waive against the Company and any of the other
Releasees. Executive further acknowledges that: (a) Executive has read this Agreement; (b) Executive has been represented in the negotiation
and execution of this Agreement by legal counsel of his own choice; (c) Executive understands the terms and conditions of this Agreement,
including any rights or claims Executive is surrendering or releasing through this Agreement; and (d) Executive is fully aware of the
legal and binding effect of this Agreement. 

 

[SIGNATURE PAGE FOLLOWS]

 

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[SIGNATURE PAGE TO SEPARATION AGREEMENT AND RELEASE] 

 

By their signatures, the Company and Executive
agree to be bound by the foregoing terms of this Agreement. 

 

	/s/
    Andrew Blocher	 	NETSTREIT
    Management, LLC
	Andrew Blocher	 	 
	 	 	 
	 	 	By: 	/s/ Mark Manheimer
	 	 	Name: Mark Manheimer
	 	 	Title: President
	 	 	 
	November 6, 2022	 	November 6, 2022
	Date	 	Date

 

    7Exhibit 10.2

 

NETSTREIT Corp. 

2021 McKinney Avenue 

Suite 1150 

Dallas, TX 75201

 

November 6, 2022

 

Lori Wittman 

[Omitted]

 

Re:           Interim
Chief Financial Officer Employment Terms

 

Dear Lori:

 

NETSTREIT
Management, LLC is pleased to offer you employment as the Interim Chief Financial Officer (“Interim CFO”)
of NETSTREIT Corp. (the “Company”), beginning on November 7, 2022 (the “Start Date”).

 

Position

 

As Interim CFO, you will be responsible for performing
such duties as are assigned to you from time to time as are commensurate with such position at similarly-situated companies, and such
additional duties as the Company’s Chief Executive Officer may reasonably assign. You will work remotely from your home office in
Highland Park, Illinois, subject to required travel where appropriate to execute your duties as Interim CFO.

 

During your employment, you shall devote all of
your business time and attention to the business and affairs of the Company, shall comply with the lawful and reasonable directives given
to you by the Chief Executive Officer and the Company’s Board of Directors (the “Board”), and shall discharge
your duties in accordance with all laws and regulations governing the Company. As a Company employee, you will be expected to abide by
all Company rules and policies.

 

Term

 

The initial term of your employment shall be for
a period of six (6) months, with the option for successive one (1) month extensions upon written agreement by you and the Company’s
Chief Executive Officer. Notwithstanding, you and the Company agree that your employment shall be “at-will” meaning that either
you or the Company may terminate your employment at any time, with or without cause. The at-will status of your employment can only be
modified in a written agreement signed by you and the Chief Executive Officer.

 

Board Service

 

It is understood and acknowledged that you will
continue to serve as a member of the Board during the term of your employment with the Company and will not receive any compensation in
respect of your Board service during such time.

 

    

     

    

 

Compensation and Expense Reimbursement

  

Your initial base salary will be paid at the rate
of $75,000 per month, less applicable payroll deductions and withholdings, paid on the Company’s normal payroll schedule. In addition,
subject to approval of the Compensation Committee of the Board, you shall receive an award of restricted stock units pursuant to the Company’s
2019 Omnibus Incentive Plan (the “Plan”) with an aggregate grant date fair value of $90,000 (the “RSU
Grant”), with such RSU Grant to be made on substantially the same terms, and at the same time, as the 2023 annual restricted
stock unit grants to be made to the Company’s non-employee directors, which is expected to occur in February 2023. The RSU
Grant will be governed by the terms and conditions of the Plan and the applicable award agreement thereunder.

 

You are authorized to incur reasonable expenses
in carrying out your duties on behalf of the Company and shall be reimbursed for all reasonable business expenses (including, without
limitation, for required travel) incurred during your employment in accordance with the Company’s expense reimbursement policy.

 

Conflicts of Interest

 

During your
employment, you shall use your best efforts to promote and serve the interests of the Company and shall not engage in any other business
activity, whether or not such activity shall be engaged in for pecuniary profit, which would conflict or interfere with the performance
of your duties and responsibilities to the Company; provided, however, that the foregoing shall not restrict you from (a) managing
passive investments for personal and family accounts in accordance with the Company’s compliance procedures, or (b) serving
on civic or charitable boards or committees, provided, that such activities do not interfere with the performance of your duties and responsibilities
to the Company. Notwithstanding anything herein to the contrary, you shall not become a director of any for-profit entity without first
receiving the written approval of the Board.

 

Confidential Information and Non-Disclosure

 

You agree
and understand that in your position with the Company, you will be exposed to and will receive information relating to the confidential
affairs of the Company, including, without limitation, technical information, intellectual property, business and marketing plans, strategies,
customer information, software, other information concerning the products, promotions, development, financing, expansion plans, business
policies and practices of the Company and other forms of information considered by the Company to be confidential or in the nature of
trade secrets (including, without limitation, ideas, research and development, know-how, formulas, technical data, designs, drawings,
specifications, customer and supplier lists, pricing and cost information and business and marketing plans and proposals) (collectively,
the “Confidential Information”).

 

Confidential
Information shall not include information that is generally known to the public or within the relevant trade or industry other than due
to your disclosure or disclosure by a third party who is known by you to owe the Company an obligation of confidentiality with respect
to such information. You agree that at all times during your employment with the Company and thereafter, you shall not disclose such Confidential
Information, either directly or indirectly, to any individual, corporation, partnership, limited liability company, association, trust
or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof without the prior
written consent of the Company and shall not use or attempt to use any such information in any manner other than in connection with your
employment with the Company, unless required by law to disclose such information, in which case you shall provide the Company with written
notice of such requirement as far in advance of such anticipated disclosure as possible. This confidentiality covenant has no temporal,
geographical or territorial restriction. Upon termination of your employment with the Company for any reason, you shall promptly supply
to the Company all property, computers, tablets, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence,
tapes, disks, cards (including credit cards), surveys, maps, logs, machines, technical data and any other tangible product or document
which has been produced by, received by or otherwise submitted to you during or prior to your employment with the Company, and any copies
thereof in your (or reasonably capable of being reduced to your) possession.

 

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Notwithstanding
the foregoing or anything to the contrary herein, you shall be entitled to provide, without breaching your obligations to the Company
and without prior notice to the Company, information to governmental or administrative authorities regarding possible violations of law
or otherwise testify or participate in any investigation or proceeding by any governmental or administrative authorities, and for purpose
of clarity, you are not prohibited from providing information voluntarily to the Securities and Exchange Commission pursuant to Section 21F
of the Exchange Act.

 

Indemnification

 

You shall
be indemnified by the Company as provided in Company’s Bylaws and Certification of Incorporation, and pursuant to applicable law.
This indemnity shall not apply to your acts of willful misconduct or gross negligence. You shall be covered under any directors’
and officers’ insurance that the Company maintains for its directors and other officers in the same manner and on the same basis
as the Company’s directors and other officers.

 

Representations

 

By signing this letter you are representing that
you have full authority to accept this position and perform the duties of the position without conflict with any other obligations and
that you are not involved in any situation that might create, or appear to create, a conflict of interest with respect to your loyalty
or duties to the Company. You specifically warrant that you are not subject to an employment agreement or restrictive covenant preventing
full performance of your duties to the Company. You agree not to bring to the Company or use in the performance of your responsibilities
at the Company any materials or documents of a former employer that are not generally available to the public, unless you have obtained
express written authorization from the former employer for their possession and use. You also agree to honor all obligations to former
employers during your employment with the Company.

 

Conditions, Dispute Resolution, and Complete
Agreement

 

If the Company informs you that you are required
to complete a background check, this offer is contingent upon satisfactory clearance of such background check. You agree to assist as
needed and to complete any documentation at the Company’s request to meet these conditions.

 

    Page 3

     

    

 

To
ensure the rapid and economical resolution of disputes that may arise in connection with your employment with the Company, and in exchange
for the mutual promises contained in this offer letter, you and the Company agree that any and all disputes, claims, or causes of action,
in law or equity, including but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or
interpretation of this agreement, your employment with the Company, or the termination of your employment, shall be resolved pursuant
to the Federal Arbitration Act, 9 U.S.C. § 1-16 (“FAA”), to the fullest extent permitted by law, by final,
binding and confidential arbitration conducted by JAMS or its successor, under JAMS’ then applicable rules and procedures
for employment disputes before a single arbitrator (available upon request and also currently available at http://www.jamsadr.com/rules-employment-arbitration/).
You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such dispute
through a trial by jury or judge or administrative proceeding; provided that, nothing in this paragraph precludes you from filing charges
or complaints with the National Labor Relations Board, the Equal Employment Opportunity Commission, or other similar administrative agency. 
In addition, all claims, disputes, or causes of action under this section, whether by you or the Company, must be brought in an individual
capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative proceeding,
nor joined or consolidated with the claims of any other person or entity.  The arbitrator may not consolidate the claims of more
than one person or entity, and may not preside over any form of representative or class proceeding.  To the extent that the preceding
sentences regarding class claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged
or brought on behalf of a class shall proceed in a court of law rather than by arbitration.  This agreement to arbitrate shall not
apply to any action or claim that cannot be subject to mandatory arbitration as a matter of law, including, without limitation, sexual
assault disputes and sexual harassment disputes as defined in the FAA, claims for discrimination, harassment, or retaliation that are
actionable under Article 2 of the Illinois Human Rights Act, Title VII of the Civil Rights Act of 1964, or any other related state
or federal rule or law that is enforced by the Illinois Department of Human Rights or the Equal Employment Opportunity Commission,
to the extent such claims are not permitted by applicable law to be submitted to mandatory arbitration and such applicable law is not
preempted by the FAA or otherwise invalid (collectively, the “Excluded Claims”).  In the event you intend
to bring multiple claims, including one of the Excluded Claims listed above, the Excluded Claims may be filed with a court, while any
other claims will remain subject to mandatory arbitration.  You will have the right to be represented by legal counsel at any arbitration
proceeding. Questions of whether a claim is subject to arbitration under this agreement shall be decided by the arbitrator.  Likewise,
procedural questions which grow out of the dispute and bear on the final disposition are also matters for the arbitrator.  The arbitrator
shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise
be permitted by law; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the
relief, if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on
which the award is based. The arbitrator shall be authorized to award all relief that you or the Company would be entitled to seek in
a court of law. You and the Company shall equally share all JAMS’ arbitration fees.  Each party is responsible for its own
attorneys’ fees, except as expressly set forth in your Employee Confidential Information and Inventions Assignment Agreement. Nothing
in this letter agreement is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable
harm pending the conclusion of any such arbitration.  Any awards or orders in such arbitrations may be entered and enforced as judgments
in the federal and state courts of any competent jurisdiction. Nothing in this paragraph prohibits, prevents, or otherwise restricts
you or the Company from reporting any allegations of unlawful conduct to federal, state, or local officials for investigation, including,
but not limited to, alleged criminal conduct or unlawful employment practices.

 

Entire Agreement

 

This letter forms the complete and exclusive statement
of your employment with the Company. It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes
in your employment terms, other than those changes expressly reserved to the Company’s discretion in this letter, require a written
modification signed by an officer of the Company. If any provision of this offer letter agreement is determined to be invalid or unenforceable,
in whole or in part, this determination shall not affect any other provision of this offer letter agreement and the provision in question
shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under applicable
law. This letter may be delivered and executed via facsimile, electronic mail (including pdf or any electronic signature complying with
the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and shall
be deemed to have been duly and validly delivered and executed and be valid and effective for all purposes.

 

*         *         *

 

    Page 4

     

    

 

Please sign and date this letter and return it
to me by November 6, 2022, if you wish to accept employment at the Company under the terms described above.

 

We look forward to your favorable reply and to
a productive and enjoyable work relationship.

 

Sincerely,

 

NETSTREIT Management, LLC

 

 

	/s/ Mark Manheimer	 	 
	
    Mark Manheimer

    President
	 	 
	 	 	 
	Understood and Accepted:	 	 
	 	 	 
	 	 	 
	/s/ Lori Wittman	 	November 6, 2022
	Lori Wittman	 	Date

 

    Page 5

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