Document:

Exhibit
10.27

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This
EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is entered into by and between David J. Smith (“Executive”)
and The Glimpse Group, Inc., a Nevada Corporation (“Company”) (collectively, the “Parties”), and
made effective as of the date it is signed by the Executive (the “Effective Date”).

 

WHEREAS,
the Executive is a co-founder of the Company and has been employed by the Company as its Chief Creative Officer since
the Company commenced operations in October 2016.

 

WHEREAS,
the Executive has not previously entered into an employment agreement with the Company.

 

WHEREAS,
the Company desires to continue to employ the Executive on the terms and subject to the conditions set forth in this Agreement, and the
Executive has agreed to be so employed;

 

WHEREAS,
the Executive understands that execution of this Agreement is a condition precedent to continuing employment with and receiving compensation
from the Company, and that the Executive will not continue employment with or receive compensation from the Company if the Executive
does not sign this Agreement; and,

 

WHEREAS,
the Executive, in the performance of the Executive’s duties for the Company, will have access to highly confidential, sensitive,
and proprietary information, as well as trade secrets, regarding the Company, its personnel, customers and clients, its business plans
and strategies, and its current and future products and/or services, and that such access will be subject to the terms and conditions
of this Agreement and any other confidentiality and nondisclosure agreement or restrictive covenant which the Company may require the
Executive to execute from time to time;

 

NOW,
THEREFORE, in consideration of the mutual representations, warranties, covenants, terms, conditions, and agreements set forth in
this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties,
the Parties, intending to be legally bound, agree as follows:

 

1.
Employment.

 

1.1
Title and Duties. Subject to the terms and conditions set forth in this Agreement, the Executive will be employed in the position
of Chief Creative Officer (“CCO”). The Executive will report directly to the Company’s Chief Executive Officer (“CEO”) and will perform such duties as are customary in that position, or as otherwise directed by the
Board. Except for sick leave, reasonable vacations, and other excused leaves of absence, the Executive will, throughout his employment,
devote all of Executive’s working time, attention, knowledge and skills faithfully, and to the best of Executive’s ability,
to the duties and responsibilities of Executive’s position in furtherance of the business affairs and activities of Company. Notwithstanding,
Executive shall be allowed to allocate reasonable time to activities that are not competitive to the Company, such as board memberships,
industry association and groups, volunteering and the like as long as these do not interfere with Executive ability to perform their
duties to the Company to the best of their ability.

 

    	 

     

    

 

1.2
Policies and Procedures. The employment relationship between the Company and the Executive will be governed by, and the Executive
will at all times be subject to, comply with, observe, and carry out, (1) this Agreement; (2) any other confidentiality and nondisclosure
agreement or restrictive covenant which the Company may require the Executive to execute from time to time; (3) the Company’s rules,
regulations, policies and codes of ethics and/or conduct applicable to its employees generally and in effect from time to time; and,
(4) such rules, regulations, policies, codes of ethics and/or conduct, directions and restrictions as the Company or the Board may from
time to time establish or approve for executives of the Company.

 

1.3
Term. The term of the Executive’s employment under this Agreement commences on the Effective Date and remains in effect until
terminated in accordance with Sections 4 and 5 of this Agreement. The Executive’s period of employment is referred to as the “term
of employment.”

 

2.
Compensation and Benefits.

 

2.1 Salary.
During the term of employment, the Company will pay the Executive, a base annual salary of $200,000 comprised of $96,000 in cash
(“Cash Salary”) and $104,000 in Company stock options (“Equity Salary”), less applicable taxes and
withholdings, payable in accordance with the Company’s regular payroll practices (“Base
Salary”).

 

2.1.1
The Equity Salary shall be issued in advance for a 12-month period on January 1 of the calendar year and vest monthly over that calendar
year. For clarification, Equity Salary for calendar year 2021 was previously issued and therefore shall not be issued on the Effective
Date.

 

2.1.2
Upon the Company’s listing on a national exchange (“IPO”), the going forward Base Salary shall convert, in its
entirety, into cash only (i.e. no Equity Salary). In such case, any unvested Equity Salary shall be forfeited.

 

2.2
Bonus. In addition, Executive shall be eligible for a performance bonuses in accordance with Exhibit B (“Performance Bonus”).
The Board at its sole discretion, may modify the Base Salary and Performance Bonus with the written consent of the Executive.

 

2.3
Expenses. Business expenses may be submitted by the Executive to the Company for reimbursement in accordance with the Company’s
policies and procedures applicable to senior executives and in accordance with Exhibit A to this Agreement, which is incorporated
by reference. The Company retains the right, in a manner consistent with its policies and procedures, to determine whether any expense
incurred by the Executive was in the ordinary and necessary course of performing the Executive’s duties under this Agreement.

 

2.4
Benefits. The Executive is eligible for the benefits, including retirement savings, welfare, healthcare, and fringe benefits offered
to other similarly situated senior executives of the Company, subject to the applicable policies and practices and the terms and conditions
of any applicable benefits plan, summary plan description, and/or plan documents, and in accordance and in accordance with Exhibit A
to this Agreement. Nothing in this Agreement alters, modifies, or changes any such policy, benefits plan, summary plan description, or
plan document.

 

    	 

     

    

 

2.5
Equity Incentive. In addition to the Equity Salary, as stated in and in accordance with Exhibit C to this Agreement, which
is incorporated by reference, the Executive is eligible to receive certain incentive equity (i.e. stock options, restricted stock, etc.)
of the Company (“Equity Incentive”), subject to the terms and conditions of the 2016 The Glimpse Group Equity Incentive
Plan (as it may be amended and restated) and any applicable agreements between the Company and the Executive. The grant of any Equity
Incentive is subject to Company’s Compensation committee and Board of Directors’ approval and the Executive’s execution
and performance of a Stock Option Grant Agreement.

 

3.
Outside Activities. The Executive agrees not to acquire, assume, or participate in, directly or indirectly, any position,
investment, or interest known by the Executive to be adverse or antagonistic to the Company, its business, or its prospects during the
term of employment; provided, however, that nothing in this Agreement prohibits the Executive from being a passive owner of not more
than five percent (5%) of the outstanding stock of any class of a corporation which is publicly traded, so long as the Executive has
no active participation in the business of such corporation. The Executive will not undertake or engage in any other employment, occupation,
or business enterprise, provided that the Executive may engage in reasonable board of directors, advisory, industry group, civic and
not-for-profit activities so long as such activities do not create a conflict with the Executive’s employment under this Agreement
or interfere in any respect with the Executive’s working time or his full performance of his duties for the Company. The Board,
in its sole discretion, may require the Executive to reduce his activities as described immediately above, in the event that such activities
impinge on the Executive’s ability to devote his full working time to the Company as required by his title and duties.

 

4.
At-Will Relationship. The Executive understands that his employment with the Company is “at-will,” meaning that
Executive’s employment may be terminated by either Party for any reason or no reason and without cause in accordance with Section
5. The Parties acknowledge and agree that nothing in this Agreement will be interpreted or construed to alter this at-will employment
status, or to confer upon the Executive any right with respect to continuance of employment by the Company for any specified duration.

 

5.
Termination of Employment. During the term of employment, Executive’s employment may be terminated by the Company, for
any reason and at any time upon 90 day written notice to the Employee or by the Employee for any reason and at any time, upon 30 day
written notice to the Company, and under the following conditions:

 

5.1
Death. In the event the Executive’s employment under this agreement is terminated by reason of the Executive’s death,
the Company will pay any Accrued Obligations (as defined below) to the Executive’s designated beneficiary or beneficiaries in a
lump sum payment within thirty (30) days of the Company’s receipt of notice of Executive’s death. As used in this Agreement,
the term “Accrued Obligations” means the sum of the following, less applicable taxes and withholdings and other allowable
offsets, as permitted by applicable law, for debts or money due to the Company: (i) any unpaid amounts of the Executive’s Base
Salary earned through the date of the death of the Executive; (ii) any reimbursable expenses incurred as of the date of the termination
of Executive’s employment that have not yet been paid or reimbursed; and, (iii) all benefits, bonuses, or stock options, if any,
that the Executive has accrued but not received through the date of the termination of the Executive’s employment under any plans,
policies, or agreements adopted by the Company, in the manner and in accordance with the terms of such plans, policies, or agreements.

 

    	 

     

    

 

5.2
Disability. If, as a result of the Executive’s incapacity due to a physical or mental impairment that is covered by Company
policies or under applicable laws regarding medical leaves of absence and/or reasonable accommodations (“Disability”),
Executive has been absent from the full-time performance of the Executive’s duties with the Company for a period of three (3) consecutive
months, the Executive’s employment under this Agreement may be terminated by the Company by giving written notice. The Executive
acknowledges and agrees that Executive is required to comply with Company policies or applicable laws regarding medical leaves of absence
and/or reasonable accommodations, including complying with requests for documentation or certifications in accordance with applicable
state or federal laws. During any period prior to the date of termination during which the Executive is absent from the full-time performance
of the Executive’s duties with Company due to Disability, Company will continue to pay the Executive’s Base Salary at the
rate in effect at the commencement of such period of Disability, offset by any amounts payable to the Executive under any disability
insurance plan or policy provided by the Company. Upon termination of the Executive’s employment due to Disability, Company will
pay any Accrued Obligations to the Executive in a lump sum payment within thirty (30) days of the effective date of the termination,
less any appropriate offsets, as permitted by applicable law, for any amounts payable or paid to the Executive under any disability insurance
plan or policy provided by the Company.

 

5.3
Termination by the Company for Cause. Notwithstanding any other provision of this Agreement, the Company may terminate the Executive’s
employment under this Agreement for Cause (as defined below) at any time during the Term, unless otherwise specified below. For purposes
of this Agreement, “Cause” means the occurrence of any one or more of the following events, and the Board has the
sole discretion to determine the existence of Cause: (1) the commission by the Executive of any fraudulent or dishonest act against the
Company; (2) the gross or habitual misconduct or gross or habitual negligence by the Executive in the performance of his duties under
this Agreement; (3) the commission of any felony offense by the Executive; (4) the Executive’s engaging in any activity that gives
rise to a material conflict with the Company; (5) the misappropriation by the Executive of any business opportunity of the Company; (6)
a material breach by the Executive of this Agreement by Executive; or, (7) the continued failure by the Executive in any material respect
to reasonably satisfactorily perform the Executive’s employment duties for more than ten (10) business days after having received
written notice specifying the nature of the Executive’s failure(s) (as determined by Company’s Board of Directors in its
reasonable judgment). In the event the Company terminates the Executive’s employment under this Agreement for Cause, the Company’s
only obligation to Executive is to pay the Executive any Accrued Obligations through the date of termination.

 

    	 

     

    

 

5.4
Termination by the Company Other Than For Death, Disability
or Cause (or Resignation by the Executive for Good Reason). Because the Executive’s employment
is at will, it may be terminated at any time by the Company or the Executive, with or without Good Reason (as defined below) or with
or without Cause, upon ninety (90) days advanced written notice by the Company to the Executive and upon thirty (30) days advanced written
notice from the Executive to the Company. For purposes of this Agreement, “Good Reason” means the Executive’s
termination of employment within thirty (30) days following the end of the Cure Period (as defined below) as a result of the occurrence
of any of the following events without the Executive’s consent: (1) a reduction by Company in the Executive’s Base Salary
then in effect by ten percent (10%) or more in the aggregate, other than as part of a salary reduction program approved by the Board
of Directors pursuant to which the Base Salaries of the Chief Executive Officer, the Chief Financial Officer and the Chief Creative Officer
are reduced by the same percentage at the same time and for the same period of time; or (2) the relocation of the Executive’s principal
work location to a facility or a location which is outside of New York, NY. The Executive must provide written notice to Company of the
condition that could constitute a “Good Reason” event within thirty (30) days of the initial existence of such condition
and must provide the Company thirty (30) days from the date of such written notice to cure the purported “Good Cause” event
(the “Cure Period”). If Executive’s employment is terminated by either: (1) the Company for any reason other
than the Executive’s death, for Disability, or for Cause; or, (2) Executive for Good Reason, then the Executive is entitled to
receive a Severance (as defined below) in addition to the Accrued Obligations.

 

(i) Severance
and Release. As used in this Agreement, the Executive’s “Severance” means the continued payment of
Executive’s Base Salary, Benefits and accrued or earned cash and equity bonuses then in effect (without regard to any
reduction in compensation which would qualify as a basis for a resignation with Good Reason), for a period of time commencing on
date of Executive’s termination and ending as follows: twelve (12) months thereafter during the first year of the Agreement; nine (9) months thereafter during the second year of the Agreement; and six
(6) months thereafter during the third year of the Agreement and thereafter (the “Severance
Period”). Subject to the delivery of the Release as provided below, such Severance shall be paid to the Executive as a
lump sum upon Severance. Except with the regard to the obligation of the Company to pay the Accrued Obligations, the obligations of
the Company to the Executive under this Section 5.4 (including the obligation to pay Severance) is expressly and specifically
conditioned upon Executive signing and not revoking a general release of claims substantially in the form of Exhibit D to
this Agreement (the “Release”), which is incorporated by reference, and provided that such Release becomes
effective and irrevocable no later than sixty (60) days following the date on which the Notice of Termination (as defined below) is
given (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the
Release Deadline, Executive will forfeit any rights to Severance or other benefits under this Agreement, other than the payment of
Accrued Obligations through the date of the Executive’s termination. In no event will Severance or benefits be paid or
provided until the Release becomes effective and irrevocable. In the event the Notice of Termination occurs at a time during the
calendar year where the Release could become effective in the subsequent calendar year and the separation of service becomes
effective (actually or otherwise) in the following year, then any Severance and benefits under this Section 5.4 that would
otherwise be considered deferred compensation subject to Section 409A of the Code will begin to be paid on the first payroll date to
occur during the calendar year following the calendar year in which such termination occurs, or, if later, the date the Release
actually becomes effective. If the Executive breaches any provisions of the Release or all or any portion of any of the restrictions
or provisions set forth in Section 6 or 7 of this Agreement, in addition to any other remedies at law or in equity available
to it, the Company may cease making any further payments and providing the other benefits provided for in this Section 5.4,
without affecting its rights under this Agreement or the Release. All rights that the Executive may have to Severance payments by
the Company are determined and solely based on the terms and conditions of this Agreement and not based on the Company’s
severance policy then in effect.

 

    	 

     

    

 

(ii)
Offset. The Executive is not required to mitigate the amount of any Severance payment required by this Agreement, nor will
any earnings that Executive receives from any other source reduce any such Severance.

 

5.5
Termination by Executive without Good Reason. The Executive may resign at any time by giving the Company no less than thirty (30)
days advance written notice of the effective date of the Executive’s resignation. Upon the Executive’s resignation from the
employ of Company without Good Reason, Company’s only obligation to pay the Executive is to pay the Executive any Accrued Obligations
through the date of the Executive’s termination.

 

5.6
Change of Control. Upon that date that a Change of Control event occurs, Severance shall increase by a factor of 1.5X (i.e. $100,000
Severance shall become $150,000).

 

Change
of Control shall be defined as:

 

5.6.1
The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes
of this Section 5.6.1, the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company,
(ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by
the Company or any Affiliated Company or (iv) any acquisition by any corporation pursuant to a transaction that complies with Sections
5.6.3(A), 5.6.3 (B) and 5.6.3 (C) below;

 

5.6.2
Any time at which individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason
to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof
whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or
on behalf of a Person other than the Board;

 

    	 

     

    

 

5.6.3
Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company
or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition
of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each
case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial
owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of the then- outstanding shares of common stock and the combined voting power
of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns the
Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination
or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially
owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting
from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to
the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of
directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution
of the initial agreement or of the action of the Board providing for such Business Combination; or

 

5.7
Notice of Termination. Any termination of the Executive’s employment pursuant to Section 5.2, 5.3, 5.4 or 5.5 above will
be communicated by the appropriate Party by a Notice of Termination. For purposes of this Agreement, a “Notice of Termination”
means a written notice, indicating those specific termination provisions in this Agreement relied upon for termination of the Executive’s
employment under the provision so indicated and the effective date of the termination. In the event of the termination of the Executive’s
employment for any reason whatsoever by either the Company or the Executive, the Company has no further liability to the Executive or
the Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, severance, indemnities or other amounts of
whatever nature, directly or indirectly, arising out of or otherwise related to this Agreement and the Executive’s employment or
cessation of employment with the Company, except as otherwise provided by this Agreement and except for such rights granted by the Consolidated
Omnibus Budget Reconciation Act (“COBRA”), if any.

 

    	 

     

    

 

6.
Confidentiality. In connection with the Executive’s employment with the Company, the Company promises to provide the
Executive with access to Confidential Information in support of the Executive’s employment duties. The Executive recognizes that
the Company’s business interests require a confidential relationship between the Company and the Executive and the fullest practical
protection and confidential treatment of all Confidential Information. At all times, both during and after the Executive’s term
of employment, the Executive will not directly or indirectly use or disclose any Confidential Information, except for the Company’s
benefit within the course and scope of the Executive’s employment. As used in this Agreement, “Confidential Information”
means any and all material, information, ideas, inventions, formulae, patterns, compilations, programs, devices, methods, techniques,
processes, know how, plans (marketing, business, strategic, technical or otherwise), arrangements, pricing and other data of or relating
to the Company (as well as its customers and/or vendors) that is confidential, proprietary, or trade secret (A) by its nature, (B) based
on how it is treated or designated by the Company, (C) because the disclosure of which would have an adverse effect on the business or
planned business of the Company and/or (D) as a matter of law. At any time that the Company may request, during or after the Executive’s
employment, the Executive will deliver to the Company all originals and copies of Confidential Information and all other information
and property affecting or relating to the business of the Company within the Executive’s possession, custody or control, regardless
of form or format, including, without limitation any Confidential Information produced by the Executive. Both during and after the Executive’s
term of employment, the Company has the right of reasonable access to review, inspect, copy and/or confiscate any Confidential Information
within the Executive’s possession, custody or control. Upon termination or expiration of this Agreement, the Executive must immediately
return to the Company all Confidential Information, and all other information and property affecting or relating to the business of the
Company, within the Executive’s possession, custody or control, regardless of form or format, without the necessity of a prior
Company request. During the Executive’s term of employment and for a period of 3 years thereafter, the Executive represents and
agrees that the Executive will not use or disclose any confidential or proprietary information or trade secrets of others, including
but not limited to former employers, and that the Executive will not bring onto the premises of the Company or access such confidential
or proprietary information or trade secrets of such others, unless consented to in writing by said others, and then only with the prior
written authorization of the Company. Notwithstanding the foregoing, the Parties acknowledge that an individual shall not be held criminally
or civilly liable under any federal or state trade secret law for the disclosure of Confidential Information that: (A) is made (i) in
confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (ii) solely for the
purpose of reporting or investigating a suspected violation of law; (B) is made in a complaint or other document filed in a lawsuit or
other proceeding, if such filing is made under seal; or (C) becomes public knowledge other than as a result of an unauthorized disclosure
by the Executive. The Parties acknowledge that an individual who files a lawsuit for retaliation by an employer of reporting a suspected
violation of law may disclose the Confidential Information to the attorney of the individual and use the Confidential Information in
the court proceeding, if the individual (i) files any document containing the Confidential Information under seal; and, (ii) does not
disclose the Confidential Information, except pursuant to court order.

 

7.
Additional Restrictive Covenants. In consideration of the Confidential Information being provided to the Executive as stated
in Section 6 above, and other good and valuable new consideration as stated in this Agreement, including, without limitation, employment
with the Company, and the business relationships, Company goodwill, work experience, client, customer and/or vendor relationships, and
other fruits of employment that the Executive will have the opportunity to obtain, use, and develop under this Agreement, the Executive
agrees to the restrictive covenants stated in this Section. The market for the business of the Company is currently worldwide and due
to the nature of the Company’s business and the nature of the Executive’s job duties and responsibilities, which are co-extensive
with the entire scope of the Company’s business, the performance of the Executive’s job duties and responsibilities is not
tied to the physical location or presence of the Company or to any specifically designated territory or area.

 

    	 

     

    

 

7.1
Non-Competition. Except as otherwise specified in this Agreement, during the Executive’s term of employment and, (i) if terminated
for Cause or leaves without Good Reason, then until the end of the Restricted Period or (ii) if terminated not for Cause (but not in
conjunction with a change of control) or with Good Reason then during the duration of Severance, the Executive agrees that the Executive
will not, directly or indirectly, on the Executive’s own behalf or on the behalf of any other Person become interested or engaged,
directly or indirectly, as a shareholder, bondholder, creditor, officer, director, advisor, employee, partner, agent, member, manager,
joint venture, investor, principal, consultant, contractor with, employer or representative of, or in any manner associated with any
person, firm or entity, or give financial, technical or other assistance to, any Person for the purpose of engaging in, the Business
of the Company worldwide.

 

7.2
Non-Solicitation. During the Executive’s term of employment and until the end of the Restricted Period, the Executive agrees
that, without written consent from the Company, the Executive will not, directly or indirectly, on the Executive’s own behalf or
on the behalf of any other Person: (i) divert or attempt to divert (by solicitation, diversion, or otherwise) from any Company Party
any business with a customer, prospective customer, or account of any Company Party; (ii) accept the business of any customer, prospective
customer, or account of any Company Party, whether solicited or not by the Executive, if such business is directly competitive to the
Company; (iii) solicit, induce, or attempt to induce any supplier, vendor, representative, agent, or other person transacting business
with any Company Party to terminate their relationship or association with any Company Party, or to represent, distribute, or sell services
or products in competition with the services or products of any Company Party; or (iv) solicit, induce, cause, or attempt to solicit,
induce, or cause any employee of any Company Party to leave the employ of such Company Party.

 

7.3
Reasonableness. The Executive acknowledges that (i) the restrictive covenants contained in this Section are ancillary to and part
of an otherwise enforceable agreement, including, without limitation, the agreements concerning Confidential Information and other consideration
in this Agreement, (ii) at the time that these restrictive covenants are made, the limitations as to time, geographic scope ,and activity
to be restrained, as described in this Agreement, are reasonable and do not impose a greater restraint than necessary to protect the
value, good will, trade secrets, and other legitimate business interests of the Company, including without limitation, the Company’s
or a Company Party’s Confidential Information, client, customer and/or vendor relationships, client and/or customer goodwill, and
business productivity, (iii) in the event of termination of the Executive’s employment, the Executive’s experiences and capabilities
are such that the Executive can obtain gainful employment without violating this Agreement and without the Executive incurring undue
hardship, (iv) based on the relevant benefits and other new consideration provided for in this Agreement, including, without limitation,
the disclosure and use of Confidential Information, the restrictive covenants of this Section remain in full force and effect even in
the event of the Executive’s involuntary termination from employment, with or without Cause, and (v) the Executive has carefully
read this Agreement and has given careful consideration to the restraints imposed upon the Executive by this Agreement and consents to
the terms of the restrictive covenants in this Section, with the knowledge that this Agreement may be terminated at any time in accordance
with Sections 4 and 5. The Executive acknowledges and agrees that the restrictive period of time, geographic scope and scope of the restricted
activity specified herein are reasonable and necessary in view of the nature of the business in which the Company is, or will be, engaged
and in light of the Executive-level job duties and responsibilities the Executive will be performing for the Company. The Executive acknowledges
and agrees that the Company would not have entered into this Agreement but for the Executive’s agreements and obligations pursuant
to this Section. If the scope of any stated restriction is too broad to permit enforcement of such restriction(s) to its full extent,
then the Parties agree that such restriction will be enforced and/or modified to the maximum extent permitted by law. The Parties agree
that in the event of a breach of this Section the Restricted Period will be extended with respect to the breaching party by the period
of the breach.

 

    	 

     

    

 

7.4
Definitions. For purposes of this Agreement, the following terms have the following meanings: (a) “Business” means the
virtual or augmented reality software or services conducted worldwide or any other country or market area; or (ii) the operations that
the Company or such Company Party is actively planning as of the time the Executive’s employment terminates that the Executive
is aware of); (b) “Company Parties” means the Company and each direct and indirect affiliate or subsidiary of the Company
for which the Executive provides services; (c) “Person” means any individual, corporation, partnership, limited liability
company, joint venture, association, business trust, joint-stock company, estate, trust, unincorporated organization, government or other
agency or political subdivision thereof or any other legal or commercial entity; and, (d) “Restricted Period” means two (2)
years after the date of termination of employment (the Executive’s last day of work for the Company).

 

7.5
Remedies. Because the Executive’s services are unique and because the Executive has complete access to all of the Company’s
Confidential Information, the Executive acknowledges and agrees that if the Executive breaches any of the provisions of this Section,
the Company would suffer immediate and irreparable harm for which monetary damages alone will not be a sufficient remedy. The Executive
therefore agrees that in the event of said breach or any threat of breach, the Company or any Company Party is entitled to an immediate
injunction and restraining order to prevent such breach, threatened breach, and/or continued breach by the Executive and/or any and all
Persons acting for and/or with the Executive, without having to prove damages, in addition to any other remedies to which the Company
or any other Company Party may be entitled at law or in equity. The restrictive covenants stated in this Section are without prejudice
to Company’s rights and causes of action at law.

 

7.6
Interpretation; Severability. The Executive acknowledges and agrees that the restrictive covenants set forth in this Agreement are
reasonable and necessary to protect the Company’s valid business interests, including, without limitation, its Confidential Information
and goodwill. It is the intention of the Parties that the covenants, provisions, and agreements contained in this Agreement are enforceable
to the fullest extent allowed by law. If any such covenant, provision, or agreement is found by a court having jurisdiction to be unreasonable
in duration, scope, or character of restrictions, or otherwise to be unenforceable, such covenant, provision, or agreement is not rendered
unenforceable thereby, but rather the duration, scope, or character of restrictions of such covenant, provision or agreement is deemed
to be reduced or modified with retroactive effect to render such covenant, provision, or agreement reasonable or otherwise enforceable
(as the case may be), and such covenant, provision, or agreement will be enforced as modified. The Parties agree that if a court having
jurisdiction determines, despite the express intent of the Parties, that any portion of the covenants, provisions, or agreements are
not enforceable, the remaining covenants, provisions, and agreements in this Agreement are valid and enforceable. Moreover, to the extent
that any provision is declared unenforceable, the Company has any and all rights under applicable statutes or common law to enforce its
rights with respect to any and all Confidential Information or unfair competition by the Executive. The provisions of this Section are
construed as an agreement independent of any other provisions of this Agreement (except Section 6) or of any other agreement between
the Executive and the Company, to the extent that the breach of any provision of this Agreement or existence of any claim or cause of
action of the Executive against the Company shall not constitute a defense to the enforcement by the Company of the restrictive covenants.

 

    	 

     

    

 

8.
Code Section 409A. It is the Parties’ intention that the Severance payable to the Executive pursuant to Section 5.4
will be made in reliance upon Treasury Regulation Section 1.409A-1(b)(9)(iii) (relating to separation pay plans) or Treasury Regulation
Section 1.409A- 1(b)(4) (relating to short-term deferrals). For purposes of Section 409A of the Code (including, without limitation,
for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each payment that Executive may be eligible to receive under this Agreement
will be treated as a separate and distinct payment and will not collectively be treated as a single payment. Notwithstanding anything
to the contrary in this Agreement or in any Company policy with respect to such payments, in-kind benefits and reimbursements provided
under this Agreement during any tax year of the Executive do not affect in-kind benefits or reimbursements to be provided in any other
tax year of the Executive and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary
in this Agreement, reimbursement requests must be timely submitted by the Executive and, if timely submitted, reimbursement payments
will be made to the Executive as soon as administratively practicable following such submission in accordance with the Company’s
policies regarding reimbursements, but in no event later than the last day of the Executive’s taxable year following the taxable
year in which the expense was incurred. This Section only applies to in-kind benefits and reimbursements that would result in taxable
compensation income to the Executive. This Agreement is intended to be written, administered, interpreted and construed in a manner such
that no payment or benefits provided under the Agreement become subject to (a) the gross income inclusion set forth within Section 409A(a)(1)(A)
of the Code or (b) the interest and additional tax set forth within Section 409A(a)(1)(B) of the Code (collectively, “Section
409A Penalties”), including, where appropriate, the construction of defined terms to have meanings that would not cause the
imposition of Section 409A Penalties. Notwithstanding the preceding, in no event will the Company be required to provide a tax gross
up payment to or otherwise reimburse the Executive with respect to Section 409A Penalties.

 

    	 

     

    

 

9.
Work Product.

 

9.1
The Executive acknowledges and agrees that all writings, works of authorship, technology, inventions, discoveries, ideas and other work
product of any nature whatsoever, that are created, prepared, produced, authored, edited, amended, conceived, or reduced to practice
by the Executive individually or jointly with others during the Executive’s prior engagement with the Company and during the term
of this Agreement and relating in any way to the business or contemplated business, research, or development of any Company Party (regardless
of when or where the Work Product is prepared or whose equipment or other resources is used in preparing the same) and all printed, physical,
and electronic copies, all improvements, rights, and claims related to the foregoing, and other tangible embodiments thereof (“Work
Product”), as well as any and all rights in and to copyrights, trade secrets, trademarks (and related goodwill), mask works,
patents, and other intellectual property rights therein arising in any jurisdiction throughout the world and all related rights of priority
under international conventions with respect thereto, including all pending and future applications and registrations therefor, and continuations,
divisions, continuations-in-part, reissues, extensions, and renewals thereof (“Intellectual Property Rights”), shall
be the sole and exclusive property of the Company. For purposes of this Agreement, Work Product includes, but is not limited to, the
Company information falling within the definition of Work Product, including plans, publications, research, strategies, techniques, agreements,
documents, contracts, terms of agreements, negotiations, know-how, computer programs, computer applications, software design, web design,
work in process, databases, manuals, results, developments, reports, graphics, drawings, sketches, market studies, formulae, notes, communications,
algorithms, product plans, product designs, styles, models, audiovisual programs, inventions, unpublished patent applications, original
works of authorship, discoveries, experimental processes, experimental results, specifications, customer information, client information,
customer lists, client lists, manufacturing information, marketing information, advertising information, and sales information.

 

9.2
The Executive acknowledges that, by reason of being employed by the Company at the relevant times, to the extent permitted by law,
all of the Work Product consisting of copyrightable subject matter is “work made for hire” as defined in the Copyright Act
of 1976 (17 U.S.C. § 101), and such copyrights are therefore owned by any Company Party. To the extent that the foregoing does not
apply, the Executive hereby irrevocably assigns to the Company, for no additional consideration, Executive’s entire right, title
and interest in and to all Work Product and Intellectual Property Rights therein, including the right to sue, counterclaim, and recover
for all past, present, and future infringement, misappropriation, or dilution thereof, and all rights corresponding thereto throughout
the world. Nothing contained in this Agreement shall be construed to reduce or limit Company’s rights, title, or interest in any
Work Product or Intellectual Property Rights so as to be less in any respect than that Company would have had in the absence of this
Agreement.

 

9.3
During and after the term of employment, the Executive agrees to reasonably cooperate with the Company, at the Company’s expense,
to (i) apply for, obtain, perfect, and transfer to the Company the Work Product and Intellectual Property Rights in the Work Product
in any jurisdiction in the world; and (ii) maintain, protect, and enforce the same, including, without limitation, executing and delivering
to the Company any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments as
shall be reasonably requested by the Company. The Executive hereby irrevocably grants the Company a power of attorney to execute and
deliver any such documents on the Executive’s behalf in the Executive’s name and to do all other lawfully permitted acts
to transfer the Work Product to Company and further the transfer, issuance, prosecution, and maintenance of all Intellectual Property
Rights therein, to the full extent permitted by law, if the Executive does not promptly cooperate with Company’s request (without
limiting the rights the Company shall have in such circumstances by operation of law). This power of attorney is coupled with an interest
and shall not be impacted by the Executive’s subsequent incapacity.

 

    	 

     

    

 

9.4
To the extent any copyrights are assigned under this Agreement, the Executive hereby irrevocably waives, to the extent permitted
by applicable law, any and all claims the Executive may now or hereafter have in any jurisdiction to all rights of paternity, integrity,
disclosure, and withdrawal and any other rights that may be known as “moral rights” with respect to all Work Product and
all Intellectual Property Rights therein.

 

9.5
The Executive understands that this Agreement does not, and shall not be construed to, grant the Executive any license or right of
any nature with respect to any Work Product or Intellectual Property Rights or any Confidential Information, materials, software, or
other tools made available to Executive by the Company.

 

10.
Term and Survival. The rights and obligations of the Parties set forth in this Agreement survive the termination of the Executive’s
employment except as otherwise set forth.

 

11.
Settlement of Existing Rights. In exchange for the other terms of this Agreement, the Executive acknowledges and agrees that:
(a) the Executive’s entry into this Agreement is a condition of employment with the Company; (b) except as otherwise provided in
this Agreement, this Agreement will replace any existing employment or independent contractor agreement between the Parties and thereby
act as a novation, if applicable; and (c) the Executive is being provided with access to Confidential Information, including, without
limitation, proprietary trade secrets of the Company, to which the Executive has not previously had access.

 

12.
Representation by Counsel; Independent Judgment. Each of the Parties acknowledges that (a) it or the Executive has read this
Agreement in its entirety and understands all of its terms and conditions, (b) it or the Executive has had the opportunity to consult
with any individuals of its or the Executive’s choice regarding its or the Executive’s agreement to the provisions contained
here, including legal counsel of its or the Executive’s choice, and any decision not to was its or the Executive’s alone
and (c) it or the Executive is entering into this Agreement of its or the Executive’s own free will, without coercion from any
source, based upon its or the Executive’s own independent judgment.

 

13.
Interpretation. The Parties and their respective legal counsel actively participated in the negotiation and drafting of this
Agreement, and in the event of any ambiguity or mistake, or any dispute among the Parties with respect to the provisions of this Agreement,
no provision of this Agreement will be construed unfavorably against any of the Parties on the ground that the Executive, the Company,
or either of their legal counsel was the drafter.

 

14.
Headings. The captions set forth in this Agreement are for convenience only and are not considered to be a part of this Agreement,
or in any way a limitation, interpretation, or amplification of the terms and provisions in this Agreement.

 

15.
Entire Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes all prior and contemporaneous
negotiations and agreements, oral or written, except for existing performance bonus agreements as detailed in the Company’s Board
Minutes (as it may be amended and restated in writing by both Parties), any applicable Equity Incentive or Stock Option Grant Agreements
between the Company, and the Executive the terms of any other agreements, offer letters, and/or Company policies in force with regard
to the Executive’s post- employment obligations (including any confidentiality or nondisclosure agreements and other restrictive
covenants). This Agreement cannot be changed or terminated except pursuant to a written agreement executed by the Parties.

 

    	 

     

    

 

16.
Severability. If a provision of this Agreement or a portion of such provision, is held to be invalid, illegal or unenforceable
by any court or governmental agency of competent jurisdiction, such invalidity, illegality, or unenforceability does not affect any other
provision or the remainder of the invalid, illegal, or unenforceable provision of this Agreement. This Agreement must be construed by
the court or agency substituting such other provision or portion thereof as will most nearly accomplish the Parties’ intent to
the extent permitted by applicable law.

 

17.
Successors and Assigns; Binding Agreement. The rights and obligations of the Parties under this Agreement are binding upon
and inure to the benefit of the Parties and their heirs, personal representatives, successors, and permitted assigns. This Agreement
is a personal contract, and, except as specifically set forth in this Agreement, the rights and interests of the Executive may not be
sold, transferred, assigned, pledged or hypothecated by any Party without the prior written consent of the others. The Company may assign,
delegate, or transfer this Agreement and all of the Company’s rights and obligations under this Agreement, without the Executive’s
consent to any business entity that by merger, consolidation or purchase of all or substantially all of the assets or equity interests
or otherwise acquires all or substantially all of the assets of the Company. Upon such assignment, delegation or transfer, (i) the transferee
or other party to such transaction, as applicable, is deemed to be substituted for the Company for all purposes of this Agreement, and
(ii) the Executive is deemed to have consented to the assignment, delegation, or transfer.

 

18.
Governing Law. This Agreement will be interpreted, construed, and governed by the laws of the State of New York without regard
to any conflict of laws analysis. In the event that any controversy or dispute arises under this Agreement, each Party irrevocably consents
to the jurisdiction and venue of the applicable federal or state courts located in New York, New York.

 

19.
Agreement and Acknowledgement. The Executive represents that the Executive is free to enter into this Agreement and the continuation
of the employment relationship with the Company does not violate any agreement between the Executive and any third party. The Executive
further represents that he has provided to the Company copies of any restrictive covenant and/or confidentiality agreements to which
the Executive is bound (redacted as necessary).

 

20.
WAIVER OF TRIAL BY JURY. If any controversy or dispute under this Agreement, THE PARTIES EACH WAIVE THE RIGHT TO TRIAL
BY JURY WITH REGARD TO ALL CONTROVERSIES OR DISPUTES. The Parties acknowledge that: (a) they are waiving the right to trial by jury;
(b) they have each knowingly and voluntarily entered into this waiver of trial by jury; and (c) this Agreement evidences the Parties’
waiver of jury trial, and consent to bench trial in New York, for all controversies or disputes.

 

Signature
Page to Follow

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Employment Agreement to be duly executed and delivered as of the Effective Date.

 

	 	EXECUTIVE:
	 	 	 
	 	By:	 /s/ David J. Smith 
	 	(Signature)
	 	 	 
	 	David J. Smith
	 	(Printed Name)
	 	 	 
	 	 
	 	(Date)
	 	 	 
	 	COMPANY:
	 	 	 
	 	By:	 /s/ Lyron Bentovim 
	 	(Signature)
	 	 	 
	 	Lyron Bentovim
	 	(Printed Name)
	 	 	 
	 	CEO
	 	(Title)
	 	 	 
	 	 
	 	(Date)

 

[Employment
Agreement Signature Page]

 

    	 

     

    

 

EXHIBIT
A

 

During
the Term of the Agreement, Executive shall be entitled to the following:

 

	 	●	Health
    Care and Benefits: Executive shall receive the same benefits as generally offered to employees of the Company.
	 	 	 
	 	●	Bonus:
    Executive shall by eligible to participate in the Company bonus plan as approved by the Company’s Board of Directors.
	 		 
	 	●	Vacation:
    The Company currently has a flexible vacation policy where the Executive (and employees) may take as many personal/vacation days
    as reasonably required, provided that such vacation days do not interfere with the Executive’s ability to effectively perform
    their duties and responsibilities to the Company. Days in excess of a set number may be unpaid, and subject to reasonable limitations
    as determined by the Board.
	 	 	 
	 	●	Executive
    shall be reimbursed for reasonable business related expenses, any of which will be reviewed by the Company’s Chief Executive
    Officer or Chief Financial Officer to ensure they are in line with Company policies.

 

    	 

     

    

 

EXHIBIT
B

 

Performance
Bonuses

 

	a)	 CY
    ’21 Revenue Based Equity Salary-to-Cash Salary Transition Bonus:
	 	 	 	 
	 	 	i	July
    1, 2021: if January-July 31, 2021 aggregate Contracted Revenue* are equal or greater to $2,500,000 ($5,000,000 annual run rate),
    then 30% of the Executive’s Equity Salary Equity into going forward monthly Cash Salary.
	 	 	 	 
	 	 	ii	October
    1, 2021: If (i) was achieved AND if January-September 30, 2021 aggregate Contracted Revenue Bookings are equal or greater to $3,750,000,
    then an additional 20% of the Executive’s Equity Salary shall convert into going forward monthly Cash salary (50% in total
    between i and ii).
	 	 	 	 
	 	 	iii	October
    1, 2021: If (i) was not achieved AND if January-September 30, 2021 aggregate Contracted Revenue Bookings are equal or greater to
    $3,750,000, then an additional 30% of the Executive’s Equity Salary shall convert into going forward monthly Cash salary.
	 	 	 	 
	 	 	iv	If
    at any point in CY ‘21 aggregate Contracted Revenue Bookings are equal or greater to $6,000,000, then all of the Executive’s
    Salary Equity shall convert into going forward monthly Cash salary.
	 	 	 	 
	 	 	*	Contracted
    Revenue Bookings shall be defined new revenue contracts signed by Company customers.

 

Notwithstanding, the Compensation Committee/Board may elect to add to the 2021 Performance Bonuses according to developments during the
calendar year.

 

    	 

     

    

 

EXHIBIT
C

 

NULL
for Calendar Year 2021

 

Retention
Stock Options:

 

Effective
Date: [  ]

 

Amount:
[  ]

 

Exercise
Event: [  ]

 

Incentive
Stock Options:

 

Effective
Date: [  ]

 

Amount:
[  ]

 

Exercise
Event: [  ]

 

Long-Range
Goal Stock Options:

 

Effective
Date: [  ]

 

Amount:
[  ]

 

Exercise
Event: [  ]

 

[  ]

 

    	 

     

    

 

EXHIBIT
D

 

This SEPARATION
AND GENERAL RELEASE AGREEMENT (the “Agreement”) is entered into between DJ Smith (the
“Executive”) and The Glimpse Group, Inc. a Nevada corporation (the
“Company”). Employee and the Company may be referred to in this Agreement individually as a
“Party” and, collectively, as the “Parties.”

 

WHEREAS,
Executive and the Company signed an Executive Employment Agreement dated May 13, 2021;

 

WHEREAS,
Executive is employed by the Company as the Chief Creative Officer on an at-will basis;

 

WHEREAS,
Executive’s employment with the Company will end effective__________, 20 (the “Separation Date”);

 

WHEREAS,
Executive will continue to report to work and satisfactorily complete Executive’s job responsibilities through the end of business
on the Separation Date, unless the Company, in its sole discretion, requests that Executive cease working at an earlier time;

 

WHEREAS,
Executive has twenty-one (21) days to consider whether to sign this Agreement and, after signing the Agreement, has seven (7) days to
revoke it. If Executive either does not sign this Agreement with the Company during the consideration period or revokes this Agreement,
Executive will forfeit any rights to severance or other benefits under this Agreement;

 

WHEREAS,
the Parties desire to settle fully and finally, in the manner and pursuant to the terms set forth in this Agreement, all differences
between the Parties that have arisen, or that may arise, prior to, or at the time of, the Effective Date (as that term is defined below),
including, but in no way limited to, any and all claims and controversies arising out of the employment relationship between Executive
and the Company and the termination of such relationship.

 

In
consideration of the recitals, promises, and agreements set forth in this Agreement, Employee’s employment with the Company terminates
upon the following terms:

 

1.
General Release. Executive, for Executive and Executive’s attorneys, heirs, assigns, successors, executors, and administrators,
IRREVOCABLY AND UNCONDITIONALLY RELEASES, ACQUITS, AND FOREVER DISCHARGES (i) the Company; (ii) the Company’s parent, subsidiaries,
and affiliates; and, (iii) the shareholders, members, partners, directors, managers, officers, employees, agents, attorneys, insurers,
guardians, successors, assigns, heirs, executors, and administrators of the foregoing (collectively the “Releasees”),
in all cases, from any and all claims, liabilities, obligations, agreements, damages, causes of action, costs, losses, damages, and attorneys’
fees and expenses whatsoever, whether known or unknown or whether connected with Employee’s employment by the Company or not, including,
but not limited to, (a) any dispute, claim, charge, or cause of action arising under the Title VII of the Civil Rights Act of 1964,
42 U.S.C. § 2000e, et seq., the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101, et seq.,
the Family and Medical Leave Act, 29 U.S.C. § 2601, et seq., the Employee Retirement Income Security Act of 1974,
29 U.S.C. § 1001, et seq. (except for any vested benefits under any tax qualified benefit plan), Sections 1981 through
1988 of Title 42 of the United States Code, the Worker Adjustment and Retraining Notification Act, the Fair Credit Reporting
Act, 15 U.S.C. § 1681, et seq., the Equal Pay Act, 29 U.S.C. § 206, et seq., the [ANY APPLICABLE
STATE EMPOLYMENT LAWS], [CODE SECTION], other applicable provisions of the [] and []; (b) any violation or alleged
violation of any anti-whistleblower, harassment, or retaliation provisions of any state or federal law, including but not limited to,
the Sarbanes-Oxley Act of 2002; (c) any breach of contract or similar claims; (d) any intentional or tortious interference or
similar claims; and, (e) any other municipal, local, state, or federal law, common or statutory, that may have arisen, or that may arise,
prior to, or at the time of, the execution of this Agreement.

 

    	 

     

    

 

The
Parties acknowledge that this release does not apply to: (1) any cause of action under ERISA relating to an employee benefit plan that
is qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended, or that is a medical or health care plan; (2) any
claims that Executive may have against Company for breach of the terms and conditions set forth in this Agreement; (3) any claims for
worker’s compensation insurance coverage or unemployment insurance coverage; or (4) other claims that cannot be released as a matter
of law. If any claim is not subject to release, to the extent permitted by law, Employee waives any right or ability to be a class or
collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or
proceeding based on such a claim in which Company or any other Releasee identified in this Agreement is a party.

 

2.
Confidentiality. The Parties agree that they will keep the terms and existence of this Agreement STRICTLY AND COMPLETELY CONFIDENTIAL,
and that they will not communicate or otherwise disclose to any employee of the Company (past, present, or future), or to a member of
the general public, the terms or existence of this Agreement; provided, however, that (1) each Party may make disclosures to her/its
tax/financial advisors, auditors, attorneys, and insurance providers, as applicable to that Party; (2) the Parties may reveal the terms
and amount of this Agreement if compelled by court order to do so, but only after the other Party is given an appropriate opportunity
under the applicable laws and rules of civil procedure to object to and/or seek protection from such disclosure; (3) the Company may
otherwise make disclosures as reasonably necessary for the conduct of the Company’s business; and, (4) if asked about any of such
matters, Executive’s and Company’s response shall be that they do not care to discuss any of such matters.

 

3.
Severance. Subject to Employee’s execution of this Agreement and compliance with its terms and conditions, provided
and only if the Executive executes and does not revoke this Agreement, the Company will pay Executive his then current Severance (as
that term and payment schedule is defined in the Executive Employment Agreement) within 30 days of the Parties signature of this Agreement.
Executive acknowledges the Severance is compliant with and in accordance with Section 5 of the Executive Employment Agreement.

 

4.
No Additional Benefits. The Parties acknowledges and agrees that this Agreement resolves all outstanding issues arising from
Executive’s employment and that Executive has received all compensation and benefits to which Executive would otherwise be entitled
through the Separation Date, and the Executive as no further obligations to the Company. Employee shall receive no additional compensation
or benefits from the Company in addition to those set forth in Paragraph 3 above.

 

    	 

     

    

 

5.
Trade Secrets and Confidential Information. Executive acknowledges that Executive has had and continues to have access to,
and has become familiar with, various trade secrets and proprietary and confidential information of the Company and the Company’s
parent, subsidiaries, and affiliates, including, but not limited to, processes, customer requirements, pricing techniques, customer lists,
methods of doing business, identities and compensation levels of employees in key positions, technical or non-technical information,
patents, copyrights, methods, ideas, concepts, designs, inventions, know-how, processes, flow diagrams, operating procedures or instructions,
technical drawings, technical presentations, compilations of data, studies, general records, contracts, financial records, accounting
records, financial statements, forecasts, projections, budgets, plans (whether business, strategic, marketing or other), other financial
information, client or customer lists, prospective client or customer lists, vendor lists or other vendor information, sales data, sales
analysis, equipment and other assets, prices, cost or profit figures, sources of supplies, pricing methods, personnel and personnel information,
and other confidential information (collectively the “Trade Secrets”), which are owned by the Company and/or
the Company’s parent, subsidiaries, and/or affiliates and regularly used in the operation of their business, and as to which the
Company and the Company’s parent, subsidiaries and/or affiliates take precautions to prevent dissemination to persons other than
certain directors, officers, and employees. Executive acknowledges and agrees that the Trade Secrets (i) are secret and not known in
the industry, (ii) give the Company or the Company’s parent, subsidiaries and/or affiliates an advantage over competitors who do
not know or use the Trade Secrets, (iii) are of such value and nature as to make it reasonable and necessary to protect and preserve
the confidentiality and secrecy of the Trade Secrets, and (iv) are valuable and special and unique assets of the Company or the Company’s
parent, subsidiaries and/or affiliates, the disclosure of which could cause substantial injury and loss of profits and goodwill to the
Company or the Company’s parent, subsidiaries and/or affiliates. Executive may not use in any way or disclose any of the Trade
Secrets, directly or indirectly, at any time in the future, except in connection with a judicial or administrative proceeding, or if
the information becomes public knowledge other than as a result of an unauthorized disclosure by the Executive.

 

Executive
will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a Trade Secret that (A)
is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to any attorney; and (ii)
solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed
in a lawsuit other proceeding, if such filing is made under seal. The Parties acknowledge that an individual who files a lawsuit for
retaliation by an employer of reporting a suspected violation of law may disclose the trade secret to the attorney of the individual
and use the trade secret information in the court proceeding, if the individual (i) files any document containing the trade secret under
seal; and, (ii) does not disclose the trade secret, except pursuant to court order.

 

6.
Return of Company Property. Upon the Separation Date, Executive agrees that Executive has returned all Company property (including,
but not limited to, laptops, VR and AR equipment, desktop computers, cell phones, tablets, keys, company credit cards, company vehicles,
and hard copy and electronically created or stored documents and information, such as Word documents, .pdfs, .jpgs, other images or pictures,
and emails) within Employee’s possession, custody, or control.

 

    	 

     

    

 

7.
Non-disparagement. Both Parties agree that neither Party will not make any public or private statements, comments or communications
in any form, oral, written or electronic, which could, in any way, constitute libel, slander or disparagement of the other Party, or
which may be considered to be derogatory or detrimental to the good name or business reputation of any of the Parties; provided, however,
that the terms of this Paragraph 7 shall not apply to communications between Executive and his spouse, clergy or attorneys or health
care providers, which are subject to a claim of privilege existing under common law, statute or rule of procedure, nor shall it apply
to truthful statements made in response to a subpoena or during the course of any investigation by any law enforcement authority. Where
applicable, this non-disparagement covenant applies to any public or private statements, comments or communications in any form, oral,
written or electronic, about the Releasees’ officers, directors, employees or business or personnel practices.

 

8.
Non-Admissions. Executive acknowledges that by entering into this Agreement the Company does not admit, and instead specifically
denies, any violation of any local, state, or federal law.

 

9.
Cooperation. Executive will cooperate in all reasonable respects with the Releasees in connection with any business matter
related to any and all existing or future litigation, actions or proceedings (whether civil, criminal, administrative, regulatory or
otherwise) brought by or against any of the Releasees to the extent the Company reasonably deems Employee’s cooperation necessary,
including, without limitation, any litigation. Such cooperation shall be at the Company’s sole and full expense.

 

10.
Other Acknowledgements and Affirmations.

 

Each
Party affirms that it has not filed, caused to be filed, or presently is a party to any claim against the other Party, and has not assigned
to any third party the right to bring a claim or charge against the other Party with any governmental agency or court.

 

Executive
affirms that no other person or entity owns any interest therein, to any of the Severance in Paragraph 3 above, by assignment, lien,
security interest, subrogation or otherwise other than for attorney’s fees and that Executive has not in any way assigned or otherwise
transferred to any person or entity any interest in the damages and claims released by this Agreement.

 

Executive
also affirms that Employee has not divulged any proprietary or confidential information of the Company and will continue to maintain
the confidentiality of such information consistent with the Company’s policies and Executive’s agreement(s) with the Company,
including this Agreement, and/or common law.

 

Executive
further affirms that Executive has not been retaliated against for reporting any allegations of wrongdoing by the Company or its employees,
members, or officers. Both Parties acknowledge that this Agreement does not limit either party’s right, where applicable, to file
or participate in an investigative proceeding of any federal, state or local governmental agency. To the extent permitted by law, Executive
agrees that if such an administrative claim is made, Executive shall not be entitled to recover any individual monetary relief or other
individual remedies.

 

    	 

     

    

 

11.
Revocation. Executive may revoke this Agreement by notice to the Company, in writing, within seven (7) days following the
Effective Date (the “Revocation Period”). Executive agrees that Executive will not receive the benefits provided by this
Agreement if Executive revokes this Agreement. Executive also acknowledges and agrees that if the Company has not received from Executive
notice of Executive’s revocation of this Agreement prior to the expiration of the Revocation Period, then Executive will have forever
waived Executive’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

 

12.
Severability. If any provision of this Agreement is held to be illegal, invalid, or unenforceable, such provision shall be
fully severable and/or construed in remaining part to the full extent allowed by law, with the remaining provisions of this Agreement
continuing in full force and effect.

 

13.
Entire Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes all prior and contemporaneous
negotiations and agreements, oral or written, except for Sections 6, 7, 8 and 9 of Employee’s Employment Agreement with the Company,
the [INSERT ANY EXISTING LETTERS?AGREEMENTS THAT SURVIVE], and any applicable Stock Option Grant Agreement or similar option agreements
between the Company and the Executive. This Agreement cannot be changed or terminated except pursuant to a written agreement executed
by the Parties. Executive has not relied upon any representations, written or oral, that are not expressly contained in this Agreement.

 

14.
Governing Law. This Agreement is governed by, and construed in accordance with, the laws of the state of New York, except
where preempted by federal law. The Parties consent to personal and subject matter jurisdiction for the enforcement of this Agreement
in the Southern district court of New York, and agree that the Southern district court of New York, is the exclusive and mandatory venue
for enforcement of this Agreement.

 

15.
Statement of Understanding. By executing this Agreement, Executive acknowledges that (i) Executive has had at least twenty-one
(21) calendar days to consider the terms of this Agreement and has considered its terms for that period of time or has knowingly and
voluntarily waived Executive’s right to do so, but Executive agrees that any modifications, material or otherwise, made to this
Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period, (ii) Executive has been
advised by the Company to consult with an attorney regarding the terms of this Agreement, (iii) Executive has consulted with, or has
had sufficient opportunity to consult with, an attorney of Executive’s own choosing regarding the terms of this Agreement, (iv)
Executive has read this Agreement and fully understands its terms and their import, (v) except as provided by this Agreement, Executive
has no contractual right or claim to the benefits described herein, (vi) the consideration provided for in this Agreement is good and
valuable, and (vii) Executive is entering into this Agreement voluntarily, of Executive’s own free will, and without any coercion,
undue influence, threat, or intimidation of any kind or type whatsoever.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Separation and General Release Agreement to be duly executed and delivered as of the Effective
Date.

 

	 	EXECUTIVE:
	 	 
	 	 
	 	(Signature)
	 	 
	 	David J. Smith
	 	(Printed
    Name)
	 	 
	 	 
	 	(Date)

 

	 	COMPANY:
	 	 	 
	 	By:	 
	 		(Signature)
	 	 	 
	 	 	 
	 	 	(Printed
    Name)
	 	 	 
	 	 	 
	 	 	(Title)
	 	 	 
	 	 	 
	 	 	(Date)

 

[Separation
and General Release Agreement Signature Page]Exhibit
10.28

 

SUBSCRIPTION
# ___

THE
GLIMPSE GROUP, INC.

 

 

 

Subscription
Agreement

 

 

 

The
Glimpse Group, Inc., a Nevada corporation (the “Company”), in connection with a private offering by the Company (“Offering”)
to raise working capital, is selling up to 2,000,000 shares of its common stock, par value US$0.001 per share (“Common Stock”),
at a per share price of US$2.50, for a total offering amount of US$5,000,000. The minimum investment amount for a single investor is
US$50,000 for 20,000 shares of Common Stock, subject to adjustment in the Company’s sole discretion.

 

	1.	Subscription
    for the Purchase of Shares.

 

The
undersigned (“Subscriber”) hereby irrevocable submits this subscription agreement (the “Subscription Agreement”)
to the Company and subscribes as an accredited investor to purchase shares of Common Stock (each, a “Share” and, collectively,
the “Shares”) at US$2.50 per Share together with piggy back registration rights thereon for a total subscription of US$                     (the
“Subscription Price”). In this regard, the Investor agrees to forward payment in the amount of the Subscription Price either:

 

	 	(a)
    	by
    wiring payment of the Subscription Price to the account set forth below:

 

	Bank
    Name: 	Citibank
    NA
	Account
    Name:	The
    Glimpse Group
	Routing
    Number:	021000089
	Account
    Number:	6779061364
	SWIFT:	CITI
    US 33

 

OR

 

	 	(b)
    	by
    mailing a certified check, payable to the Company, as follows:

 

The
Glimpse Group, Inc.

800
Third Avenue, 17th Fl.

New
York, NY 10022

 

The
Company’s private offering of Shares is being made to “accredited” investors within the meaning of Rule 501 of Regulation
D promulgated by the Securities Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”).

 

The
undersigned agrees to execute this Subscription Agreement and if by mail, send to the Company. You as an individual or you on behalf
of the subscribing entity are being asked to complete this Subscription Agreement so that a determination can be made as to whether or
not you (it) are qualified to purchase the Shares under applicable federal and state securities laws. Your answers to the questions contained
herein must be true and correct in all respects, and a false representation by you may constitute a violation of law for which a claim
for damages may be made against you.

 

Your
answers will be kept strictly confidential; however, by signing this Subscription Agreement, you will be authorizing the Company to present
a completed copy of this Subscription Agreement to such parties as they may deem appropriate in order to make certain that the offer
and sale of the securities will not result in a violation of the Securities Act or of the securities laws of any state.

 

    	1

    	 

    

 

All
questions must be answered. If the appropriate answer is “None” or “Not Applicable,” please state so. Please
print or type your answers to all questions and attach additional sheets if necessary to complete your answers to any item. Please initial
any corrections.

 

	2.	Offer
    to Purchase. Subscriber hereby irrevocably offers to purchase the Shares and tenders herewith the total price noted above. Subscriber
    recognizes and agrees that (i) this subscription is irrevocable and, if Subscriber is a natural person, shall survive Subscriber’s
    death, disability or other incapacity, and (ii) the Company has complete discretion to accept or to reject this Subscription Agreement
    in its entirety and shall have no liability for any rejection of this Subscription Agreement. This Subscription Agreement shall be
    deemed to be accepted by the Company only when it is executed by the Company.
	 	 
	3.	Effect
    of Acceptance. Subscriber hereby acknowledges and agrees that on the Company’s acceptance of this Subscription Agreement,
    it shall become a binding and fully enforceable agreement between the Company and the Subscriber. As a result, upon acceptance by
    the Company of this Subscription Agreement, Subscriber will become the record and beneficial holder of the Shares and the Company
    will be entitled to receive the purchase price of the Shares as specified herein. The minimum investment amount for a single investor
    is US$50,000 for 20,000 shares of Common Stock, subject to adjustment in the Company’s sole discretion.
	 	 
	4.	Representation
    as to Investor Status.

 

	 	a)	Accredited
    Investor. In order for the Company to sell the Shares (in conformance with state and federal securities laws), the following
    information must be obtained regarding Subscriber’s investor status. Please initial each item applicable to you
    as an investor in the Company.

 

_____
(i) A natural person whose net worth, either individually or jointly with such person’s spouse, at the time of Subscriber’s
purchase, exceeds US$1,000,000;

 

_____
(ii) A natural person who had an individual income in excess of US$200,000, or joint income with that person’s spouse in excess
of US$300,000, in each of the two most recent years and reasonably expects to reach the same income level in the current year;

 

_____
(iii) A bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined
in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity;

 

_____
(iv) A broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”);

 

_____
(v) An insurance company as defined in section 2(13) of the Exchange Act;

 

_____
(vi) An investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section
2(a)(48) of that Act;

 

_____
(vii) A Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958;

 

_____
(viii) A plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state, or its
political subdivisions for the benefit of its employees, if such plan has total assets in excess of US$5,000,000;

 

_____
(ix) An employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is
made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company,
or registered investment adviser, or if the employee benefit plan has total assets in excess of US$5,000,000 or, if a self-directed plan,
with investment decisions made solely by persons that are accredited investors;

 

    	2

    	 

    

 

_____
(x) A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

 

_____
(xi) An organization described in Section 501(c)(3) of the Internal Revenue Code, or a corporation, business trust or partnership, not
formed for the specific purpose of acquiring the Shares, with total assets in excess of US$5,000,000;

 

_____
(xii) A director or executive officer of the Company;

 

_____
(xiii) A trust, with total assets in excess of US$5,000,000, not formed for the specific purpose of acquiring the Shares, whose purchase
is directed by a sophisticated person who has such knowledge and experience in financial and business matters that such person is capable
of evaluating the merits and risks of investing in the Company;

 

_____
(n) An entity in which all of the equity owners qualify under any of the above subparagraphs.

 

_____
(o) Subscriber does not qualify under any of the investor categories set forth in (i) through (xii) above.

 

	 	b)	Net
    Worth. The term “net worth” means the excess of total assets over total liabilities (including personal and real
    property, but excluding the estimated fair market value of a person’s primary home). 
	 	 	 
	 	c)	Income.
    In determining individual “income,” Subscriber should add to Subscriber’s individual taxable adjusted gross
    income (exclusive of any spousal income) any amounts attributable to tax exempt income received, losses claimed as a limited partner
    in any limited partnership, deductions claimed for depletion, contributions to an IRA or Keogh retirement plan, alimony payments,
    and any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income.
	 	 	 
	 	d)	Type
    of Subscriber. Indicate the form of entity of Subscriber:

 

	[  ]	Individual	[  ]	Limited
    Partnership	 
	[  ]	Corporation	[  ]	General
    Partnership	 
	[  ]	Revocable
    Trust 	 	 	 
	[  ]	Other
    Type of Trust (indicate type):	                                                 	 
	[  ]	Other
    (indicate form of organization):	                                                 	 

 

(i)
If Subscriber is not an individual, indicate the approximate date Subscriber entity was formed: _____________________.

 

(ii)
If Subscriber is not an individual, initial the line below which correctly describes the application of the following statement
to Subscriber’s situation: Subscriber (x) was not organized or reorganized for the specific purpose of acquiring the Shares and
(y) has made investments prior to the date hereof, and each beneficial owner thereof has and will share in the investment in proportion
to his or her ownership interest in Subscriber.

 

	 	                          	True	 
	 	 	 	 
	 	                          	False	 

 

If
the “False” box is checked, each person participating in the entity will be required to fill out a Subscription Agreement.

 

    	3

    	 

    

 

	5.	Additional
    Representations and Warranties of Subscriber. Subscriber hereby represents and warrants to the Company as follows:

 

	 	a)	Subscriber
    has been furnished the Confidential Term Sheet dated November 21, 2016 relating to the Company and the Shares (the “Term Sheet”)
    and, if requested by the Subscriber, other documents. The Subscriber has carefully read the Term Sheet and any such other requested
    documents. Subscriber has been furnished with all documents and materials relating to the business, finances and operations of the
    Company and its subsidiaries and information that Subscriber requested and deemed material to making an informed investment decision
    regarding its purchase of the Shares. Subscriber has been afforded the opportunity to review such documents and materials and the
    information contained therein. Subscriber has been afforded the opportunity to ask questions of the Company and its management. Subscriber
    understands that such discussions, as well as any written information provided by the Company, were intended to describe the aspects
    of the Company’s and its subsidiaries’ business and prospects which the Company believes to be material, but were not
    necessarily a thorough or exhaustive description, and except as expressly set forth in this Subscription Agreement, the Company makes
    no representation or warranty with respect to the completeness of such information and makes no representation or warranty of any
    kind with respect to any information provided by any entity other than the Company. Some of such information may include projections
    as to the future performance of the Company and its subsidiaries, which projections may not be realized, may be based on assumptions
    which may not be correct and may be subject to numerous factors beyond the Company’s and its subsidiaries’ control. Additionally,
    Subscriber understands and represents that he is purchasing the Shares notwithstanding the fact that the Company and its subsidiaries,
    if any, may disclose in the future certain material information that the Subscriber has not received, including the financial results
    of the Company and its subsidiaries for their current fiscal quarters. Neither such inquiries nor any other due diligence investigations
    conducted by such Subscriber shall modify, amend or affect such Subscriber’s right to rely on the Company’s representations
    and warranties, if any, contained in this Subscription Agreement. Subscriber has sought such accounting, legal and tax advice as
    it has considered necessary to make an informed investment decision with respect to its investment in the Shares. Subscriber has
    full power and authority to make the representations referred to herein, to purchase the Shares and to execute and deliver this Subscription
    Agreement.
	 	 	 
	 	b)	Subscriber
    has read and understood, and is familiar with, this Subscription Agreement, the Shares and the business and financial affairs of
    the Company.
	 	 	 
	 	c)	Subscriber,
    either personally, or together with his advisors (other than any securities broker/dealers who may receive compensation from the
    sale of any of the Shares), has such knowledge and experience in financial and business matters as to be capable of (i) evaluating
    the merits and risks of an investment in the Shares, is able to bear the risks of an investment in the Shares and understands the
    risks of, and other considerations relating to, a purchase of a Share, including the matters set forth under the caption “Risk
    Factors” in the Term Sheet and (ii) making an informed investment decision with respect thereto. The Subscriber and its advisors
    have had a reasonable opportunity to ask questions of and receive answers from the Company concerning the Shares. Subscriber’s
    financial condition is such that Subscriber is able to bear the risk of holding the Shares that Subscriber may acquire pursuant to
    this Agreement, for an indefinite period of time, and the risk of loss of Subscriber’s entire investment in the Company.
	 	 	 
	 	d)	Subscriber
    has investigated the acquisition of the Shares to the extent Subscriber deemed necessary or desirable and the Company has provided
    Subscriber with any reasonable assistance Subscriber has requested in connection therewith.
	 	 	 
	 	e)	The
    Shares are being acquired for Subscriber’s own account for investment, with no intention by Subscriber to distribute or sell
    any portion thereof within the meaning of the Securities Act, and will not be transferred by Subscriber in violation of the Securities
    Act or the then applicable rules or regulations thereunder. No one other than Subscriber has any interest in or any right to acquire
    the Shares. Subscriber understands and acknowledges that the Company will have no obligation to recognize the ownership, beneficial
    or otherwise, of the Shares by anyone but Subscriber.
	 	 	 
	 	f)	No
    representations or warranties have been made to Subscriber by the Company, or any representative of the Company, or any securities
    broker/dealer, other than as set forth in this Subscription Agreement.

 

    	4

    	 

    

 

	 	g)	Subscriber
    is aware that Subscriber’s rights to transfer the Shares is restricted by the Securities Act and applicable state securities
    laws, and Subscriber will not offer for sale, sell or otherwise transfer the Shares without registration under the Securities Act
    and qualification under the securities laws of all applicable states, unless such sale would be exempt therefrom.
	 	 	 
	 	h)	Subscriber
    understands and agrees that the Shares it acquires have not been registered under the Securities Act or any state securities act
    in reliance on exemptions therefrom. 
	 	 	 
	 	i)	The
    Subscriber has had an opportunity to ask questions of, and receive answers from, representatives of the Company concerning the terms
    and conditions of this investment and all such questions have been answered to the full satisfaction of the undersigned. Subscriber
    understands that no person other than the Company has been authorized to make any representation and if made, such representation
    may not be relied on unless it is made in writing and signed by the Company. The Company has not, however, rendered any investment
    advice to the undersigned with respect to the suitability.
	 	 	 
	 	j)	Subscriber
    understands that the certificates or other instruments representing the Shares (the “Securities”), shall bear a restrictive
    legend in substantially the following form (and a stop transfer order may be placed against transfer of such certificates):

 

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO ANY EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER AND UNDER APPLICABLE STATE LAW,
THE AVAILABILITY OF WHICH MUST BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

 

	 	k)	Subscriber
    also acknowledges and agrees to the following:

 

	 	i)	an
    investment in the Shares is highly speculative and involves a high degree of risk of loss of the entire investment in the Company;
    and
	 	 	 
	 	ii)	there
    is no assurance that a public market for the will be available and that, as a result, Subscriber may not be able to liquidate Subscriber’s
    investment in the Shares should a need arise to do so. 

 

	 	l)	Subscriber
    is not dependent for liquidity on any of the amounts Subscriber is investing in the Shares. 
	 	 	 
	 	m)	Subscriber’s
    address set forth below is his or her correct residence address.
	 	 	 
	 	n)	Subscriber
    has full power and authority to make the representations referred to herein, to purchase the Shares and to execute and deliver this
    Subscription Agreement.
	 	 	 
	 	o)	Subscriber
    understands that the foregoing representations and warranties are to be relied upon by the Company as a basis for the exemptions
    from registration and qualification of the sale of the Shares under the federal and state securities laws and for other purposes.

 

The
foregoing representations and warranties are true and accurate as of the date hereof and shall survive such date. If any of the above
representations and warranties shall cease to be true and accurate prior to the acceptance of this Subscription Agreement, Subscriber
shall give prompt notice of such fact to the Company by telegram, or facsimile or e-mail, specifying which representations and warranties
are not true and accurate and the reasons therefor.

 

    	5

    	 

    

 

	6.	Representations
    and Warranties Regarding Patriot Act; Anti-Money Laundering; OFAC. The Subscriber should check the Office of Foreign Assets Control
    (“OFAC”) website at http://www.treas.gov/ofac before making the following representations. Subscriber hereby represents
    and warrants to the Company as follows:

 

	 	a)	The
    Subscriber represents that (i) no part of the funds used by the Subscriber to acquire the Shares or to satisfy his/her capital commitment
    obligations with respect thereto has been, or shall be, directly or indirectly derived from, or related to, any activity that may
    contravene United States federal or state or non-United States laws or regulations, including anti-money laundering laws and regulations,
    and (ii) no capital commitment, contribution or payment to the Company by the Subscriber and no distribution to the Subscriber shall
    cause the Company to be in violation of any applicable anti-money laundering laws or regulations including, without limitation, Title
    III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT
    ACT) Act of 2001 and the United States Department of the Treasury Office of Foreign Assets Control regulations. The Subscriber acknowledges
    and agrees that, notwithstanding anything to the contrary contained in the Term Sheet or any other agreement, to the extent required
    by any anti-money laundering law or regulation, the Company may prohibit capital contributions, restrict distributions or take any
    other reasonably necessary or advisable action with respect to the Shares, and the Subscriber shall have no claim, and shall not
    pursue any claim, against the Company or any other person in connection therewith. U.S. federal regulations and executive orders
    administered by OFAC prohibit, among other things, the engagement in transactions with, and the provision of services to, certain
    foreign countries, territories, entities and individuals. The lists of OFAC prohibited countries, territories, persons and entities
    can be found on the OFAC website at http://www.treas.gov/ofac. In addition, the programs administered by OFAC (the “OFAC Programs”)
    prohibit dealing with individuals1 or entities in certain countries regardless of whether such individuals or entities
    appear on the OFAC lists.
	 	 	 
	 	b)	To
    the best of the Subscriber’s knowledge, none of: (1) the Subscriber; (2) any person controlling or controlled by the Subscriber;
    (3) if the Subscriber is a privately-held entity, any person having a beneficial interest in the Subscriber; or (4) any person for
    whom the Subscriber is acting as agent or nominee in connection with this investment is a country, territory, individual or entity
    named on an OFAC list, or a person or entity prohibited under the OFAC Programs. Please be advised that the Company may not accept
    any amounts from a prospective investor if such prospective investor cannot make the representation set forth in this paragraph.
    The Subscriber agrees to promptly notify the Company should the Subscriber become aware of any change in the information set forth
    in these representations. The Subscriber understands and acknowledges that, by law, the Company may be obligated to “freeze
    the account” of the Subscriber, either by prohibiting additional subscriptions from the Subscriber, declining any redemption
    requests and/or segregating the assets in the account in compliance with governmental regulations, and any broker may also be required
    to report such action and to disclose the Subscriber’s identity to OFAC. The Subscriber further acknowledges that the Company
    may, by written notice to the Subscriber, suspend the redemption rights, if any, of the Subscriber if the Company reasonably deems
    it necessary to do so to comply with anti-money laundering regulations applicable to the Company or any Broker or any of the Company’s
    other service providers. These individuals include specially designated nationals, specially designated narcotics traffickers and
    other parties subject to OFAC sanctions and embargo programs.
	 	 	 
	 	c)	To
    the best of the Subscriber’s knowledge, none of: (1) the Subscriber; (2) any person controlling or controlled by the Subscriber;
    (3) if the Subscriber is a privately-held entity, any person having a beneficial interest in the Subscriber; or (4) any person for
    whom the Subscriber is acting as agent or nominee in connection with this investment is a senior foreign political figure2,
    or any immediate family3 member or close associate4 of a senior foreign political figure, as such terms are
    defined in the footnotes below.

 

 

	1
    	These
    individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC
    sanctions and embargo programs.  
	 	 
	2
    	A
    “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative, military
    or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a
     senior executive of a foreign government-owned corporation. In addition, a “senior foreign political figure” includes
    any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure.  
	 	 
	3
    	“Immediate
    family” of a senior foreign political figure typically includes the figure’s parents, siblings, spouse, children and
    in-laws. 
	 	 
	4
    	A
    “close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain an unusually
    close relationship with the senior foreign political figure, and includes a person who is in a position to conduct substantial domestic
    and international financial transactions on behalf of the senior foreign political figure.

 

    	6

    	 

    

 

	 	d)	If
    the Subscriber is affiliated with a non-U.S. banking institution (a “Foreign Bank”), or if the Subscriber receives deposits
    from, makes payments on behalf of, or handles other financial transactions related to a Foreign Bank, the Subscriber represents and
    warrants to the Company that: (1) the Foreign Bank has a fixed address, other than solely an electronic address, in a country in
    which the Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related to its
    banking activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank to conduct
    banking activities; and (4) the Foreign Bank does not provide banking services to any other Foreign Bank that does not have a physical
    presence in any country and that is not a regulated affiliate.
	 	 	 
	 	e)	The
    Subscriber acknowledges that, to the extent applicable, the Company will seek to comply with the Foreign Account Tax Compliance Act
    provisions of the U.S. Internal Revenue Code and any rules, regulations, forms, instructions or other guidance issued in connection
    therewith (the “FATCA Provisions”). In furtherance of these efforts, the Subscriber agrees to promptly deliver any additional
    documentation or information, and updates thereto as applicable, which the Company may request in order to comply with the FATCA
    Provisions. The Subscriber acknowledges and agrees that, notwithstanding anything to the contrary contained in the Term Sheet, any
    side letter or any other agreement, the failure to promptly comply with such requests, or to provide such additional information,
    may result in the withholding of amounts with respect to, or other limitations on, distributions made to the Subscriber and such
    other reasonably necessary or advisable action by the Company with respect to the Shares (including, without limitation, required
    withdrawal), and the Subscriber shall have no claim, and shall not pursue any claim, against the Company or any other person in connection
    therewith

 

ANTI
MONEY LAUNDERING REQUIREMENTS

 

	The
    USA PATRIOT Act	 	What
    is money laundering?	 	How
    big is the problem and why is it important?
	 	 	 	 	 
	The
    USA PATRIOT Act is designed to detect, deter, and punish terrorists in the United States and abroad. The Act imposes new anti-money
    laundering requirements on brokerage firms and financial institutions. Since April 24, 2002, all brokerage firms have been required
    to have new, comprehensive anti-money laundering programs.

     

    To
    help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement
    the USA PATRIOT Act.

    
	 	Money
    laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities.
    Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud,
    racketeering, and terrorism.	 	The
    use of the U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets. According
    to the U.S. State Department, one recent estimate puts the amount of worldwide money laundering activity at US$1 trillion a year.

 

	What are we required to do to eliminate money laundering?
	 
	Under
    new rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer, set up
    employee training, conduct independent audits, and establish policies and procedures to detect and report suspicious transaction
    and ensure compliance with the new laws.	As
    part of our required program, we may ask you to provide various identification documents or other information. Until you provide
    the information or documents we need, we may not be able to effect any transactions for you.

 

The
foregoing representations and warranties are true and accurate as of the date hereof and shall survive such date. If any of the above
representations and warranties shall cease to be true and accurate prior to the acceptance of this Subscription Agreement, Subscriber
shall give prompt notice of such fact to the Company by telegram, or facsimile or e-mail, specifying which representations and warranties
are not true and accurate and the reasons therefor.

 

	7.	Form
    of Security. The Shares (which are restricted shares) may be issued in either book-entry form or certificated form. The Shares
    will initially be issued to Subscriber in book-entry form on the records of the Company’s transfer agent, which means that
    no physical certificate will be created. Evidence of Subscriber’s ownership of the Shares will be provided by written confirmation.
    However, thereafter, the Subscriber may elect to exchange the book-entry accounts evidencing ownership of the Shares for certificated
    forms of the Shares. If the Subscriber makes such election, the Company shall promptly send or cause to be sent, by hand delivery
    (with receipt to be acknowledged) or by first-class mail, postage prepaid, to the Subscriber thereof, at the address designated by
    such Subscriber in this Subscription Agreement, a certificate or certificates representing the number of the Shares.
	 	 
	8.	Restrictive
    Legend Removal; Unrestricted Book Entry Accounts. So long as (a) the Shares are held in book-entry form by the transfer agent,
    (b) the Company and the Subscriber are eligible for the use of Rule 144 of the Securities Act after a 6-month holding period or if
    not eligible then, as soon as the Company and the Subscriber are eligible for the use of Rule 144, and (c) an opinion of counsel,
    at the Company’s cost, is provided to the Company’s transfer agent, as to the application of Rule 144 prior to removing
    the legend from Shares, the Company and its transfer agent will assist the Subscriber, at no cost to the Subscriber, in (i) removing
    such restrictive legend, (ii) transferring the unrestricted Shares into an unrestricted book entry account of the transfer agent
    and, (iii) if requested by Subscriber, transferring the unrestricted Shares from the unrestricted book entry account of the transfer
    agent to a brokerage account selected by the Subscriber.

 

    	7

    	 

    

 

	9.	Registration
    Rights.

 

	 	a)	If
    at any time on or after the issuance of the Shares pursuant to this Subscription Agreement (the “Registrable Securities”)
    the Company proposes to file any registration statement under the Securities Act (a “Registration Statement”) with respect
    to any offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity
    securities, by the Company for its own account or for shareholders of the Company for their account (or by the Company and by shareholders
    of the Company), other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan,
    (ii) for a dividend reinvestment plan or (iii) in connection with a merger or acquisition, then the Company shall (x) give written
    notice of such proposed filing to Subscriber as soon as practicable but in no event less than ten (10) days before the anticipated
    filing date of the Registration Statement, which notice shall describe the amount and type of securities to be included in such Registration
    Statement, the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of
    the offering, and (y) offer to Subscriber in such notice the opportunity to register the sale of such number of Registrable Securities
    as Subscriber may request in writing within five (5) days following receipt of such notice (a “Piggy-Back Registration”).
    The Company shall cause such Registrable Securities to be included in such registration and shall cause the managing underwriter
    or underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back
    Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition
    of such Registrable Securities in accordance with the intended method(s) of distribution thereof. If Subscriber proposes to distribute
    its Registrable Securities through a Piggy-Back Registration that involves an underwriter or underwriters, then it shall enter into
    an underwriting agreement in customary form with the underwriter or underwriters selected for such Piggy-Back Registration.
	 	 	 
	 	b)	If
    a Piggy-Back Registration is initiated as a primary underwritten offering on behalf of the Company and the managing underwriter advises
    the Company and the holders of Registrable Securities (if any holders of Registrable Securities have elected to include Registrable
    Securities in such Piggy-Back Registration) in writing that in its reasonable and good faith opinion the number of shares of common
    stock proposed to be included in such registration, including all Registrable Securities and all other shares of common stock proposed
    to be included in such underwritten offering, exceeds the number of shares of common stock which can be sold in such offering and/or
    that the number of shares of common stock proposed to be included in any such registration or takedown would adversely affect the
    price per share of the common stock to be sold in such offering, the Company shall include in such registration (i) first, the shares
    of common stock that the Company proposes to sell; (ii) second, the shares of common stock requested to be included therein by Subscriber;
    and (iii) third, the shares of common stock requested to be included therein by holders of common stock other than holders of Registrable
    Securities, allocated among such holders in such manner as they may agree.
	 	 	 
	 	c)	Subscriber
    may elect to withdraw such Subscriber’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving
    written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company (whether
    on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations)
    may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement. Notwithstanding any
    such withdrawal, the Company shall pay all expenses incurred by Subscriber of Registrable Securities in connection with such Piggy-Back
    Registration as provided in Section 9(f).

 

    	8

    	 

    

 

	 	d)	The
    Company shall notify Subscriber of Registrable Securities at any time when a prospectus relating to such Subscriber’s Registrable
    Securities is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result
    of which, the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact
    or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light
    of the circumstances then existing. At the request of Subscriber, the Company shall also prepare, file and furnish to Subscriber
    a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered
    to Subscriber, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required
    to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. Subscriber
    shall not offer or sell any Registrable Securities covered by the Registration Statement after receipt of such notification until
    the receipt of such supplement or amendment.
	 	 	 
	 	e)	The
    Company may request that Subscriber furnish the Company such information with respect to Subscriber and Subscriber’s proposed
    distribution of the Registrable Securities pursuant to the Registration Statement as the Company may from time to time reasonably
    request in writing or as shall be required by law or by the Securities and Exchange Commission (the “SEC”) in connection
    therewith, and such Subscriber shall furnish the Company with such information.
	 	 	 
	 	f)	All
    fees and expenses incident to the performance of or compliance with this Agreement by the Company shall be borne by the Company whether
    or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing
    sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses
    of the Company’s counsel and independent registered public accountants) (A) with respect to filings made with the SEC, (B)
    with respect to filings required to be made with any trading market on which the common stock is then listed for trading, (C) in
    compliance with applicable state securities or Blue Sky laws reasonably agreed to by the Company in writing (including, without limitation,
    fees and disbursements of counsel for the Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities)
    and (D) with respect to any filing that may be required to be made by any broker through which Subscriber of Registrable Securities
    intends to make sales of Registrable Securities with the Financial Industry Regulatory Authority, (ii) printing expenses, (iii) messenger,
    telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance,
    if the Company so desires such insurance, and (vi) fees and expenses of all other persons or entities retained by the Company in
    connection with the consummation of the transactions contemplated by this Agreement. In no event shall the Company be responsible
    for any broker or similar commissions of Subscriber.

 

	10.	Lock-Up
    Agreements. The founders of the Company (“Founders”) and persons that sold virtual/augmented reality technology and
    intellectual property to the Company in exchange for the common stock (“Technology Sellers”) shall enter into lock-up
    agreements prior to an initial public offering of the Company that provide that the shares of common stock of the Founders and the
    Technology Sellers, as applicable, shall be subject to a one-year lock-up period following the date of the initial public offering
    of the Company.
	 	 
	11.	Indemnification.
    Subscriber acknowledges that Subscriber understands the meaning and legal consequences of the representations and warranties
    made by Subscriber herein, and that the Company is relying on such representations and warranties in making the determination to
    accept or reject this Subscription Agreement. Subscriber hereby agrees to indemnify and hold harmless the Company and each employee
    and agent thereof from and against any and all losses, damages or liabilities due to or arising out of a breach of any representation
    or warranty of Subscriber contained in this Subscription Agreement.
	 	 
	12.	Transferability.
    Subscriber agrees not to transfer or assign this Subscription Agreement, or any interest herein, and further agrees that the
    assignment and transferability of the Shares acquired pursuant hereto shall be made only in accordance with applicable federal and
    state securities laws.
	 	 
	13.	Termination
    of Agreement; Return of Funds. In the event that, for any reason, this Subscription Agreement is rejected in its entirety by
    the Company, this Subscription Agreement shall be null and void and of no further force and effect, and no party shall have any rights
    against any other party hereunder. In the event that the Company rejects this Subscription Agreement, the Company shall promptly
    return or cause to be returned to Subscriber any money tendered hereunder without interest or deduction.

 

    	9

    	 

    

 

	14.	Notices.
    All notices or other communications given or made hereunder shall be in writing and shall be delivered or mailed by registered
    or certified mail, return receipt requested, postage prepaid, or delivered by, facsimile or e-mail to Subscriber at the address set
    forth below and to the Company at the address set forth on the first page of this Agreement, or at such other place as the Company
    may designate by written notice to Subscriber.
	 	 
	15.	Amendments.
    Neither this Subscription Agreement nor any term hereof may be changed, waived, discharged or terminated except in a writing
    signed by Subscriber and the Company.
	 	 
	16.	Governing
    Law. This Subscription Agreement and all amendments hereto shall be governed by and construed in accordance with the laws of
    the State of Nevada, without application of the conflicts of laws provisions thereof.
	 	 
	17.	Headings.
    The headings in this Subscription Agreement are for convenience of reference, and shall not by themselves determine the meaning
    of this Subscription Agreement or of any part hereof.
	 	 
	18.	Counterparts.
    This Subscription Agreement may be executed in any number of counterparts with the same force and effect as if all parties had
    executed the same document. The execution and delivery of a facsimile or other electronic transmission of this Subscription Agreement
    shall constitute delivery of an executed original and shall be binding upon the person whose signature appears on the transmitted
    copy.
	 	 
	19.	Continuing
    Obligation of Subscriber to Confirm Investor Status. Upon the request of the Company and for as long as the Subscriber holds
    Shares or other securities in the Company, the Subscriber shall confirm Subscriber’s investor status as an “Accredited
    Investor”, as defined by the Securities and Exchange Commission at the time of such request. In connection therewith, the Company
    shall deliver to the Subscriber a questionnaire that elicits the necessary information to determine the Subscriber’s investor
    status. Upon receipt of the questionnaire, the Subscriber shall: (i) complete it, (ii) execute the signature page therein, and (iii)
    return it to the Company, or its designee, in accordance with the instructions therein, no later than ten (10) days after receipt
    of the questionnaire.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	10

    	 

    

 

INDIVIDUALS

 

In
witness whereof, the parties hereto have executed this Agreement as of the dates set forth below.

 

	Dated:
    ____________, 2017.	 	 
	 	 	 
	 	Signature(s):	                                                                                 
	 	 	 
	 	 	                                                                                 
	 	 	 
	 	Name
    (Please Print):	                                                                                 
	 	 	 
	 	Residence
    Address:	                                                                                 
	 	 	 
	 	 	                                                                                 
	 	 	 
	 	Phone
    Number:	(______)
    _______-_________________
	 	 	 
	 	Cellular
    Number:	(______)
    _______-_________________
	 	 	 
	 	Social
    Security Number:	                                       
	 	 	 
	 	Email
    address:	________________@__________________________
	 	 	 
	 	 	ACCEPTANCE
	 	 	 
	 	 	The
    Glimpse Group, Inc., 
	 	 	a
    Nevada corporation 
	 	 	 
	Date:
    ____________, 2017.	 	 

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	11

    	 

    

 

CORPORATIONS,
PARTNERSHIPS, TRUSTS OR OTHER ENTITIES

 

In
witness whereof, the parties hereto have executed this Agreement as of the dates set forth below.

 

	Dated:
    ____________, 2017.	 	 
	 	 	 
	 	Name
of Purchaser (Please Print):	                                                                              

 

	 	By:	                                                                               
	 	 	 
	 	Name
    (Please Print):	                                                                               
	 	 	 
	 	Title	                                                                               
	 	 	 
	 	Address:	                                                                               
	 	 	 
	 	 	                                                                               
	 	 	 
	 	Phone
    Number:	(______)
    _______-___________
	 	 	 
	 	Cellular
    Number:	(______)
    _______-___________
	 	 	 
	 	Taxpayer
    ID Number:	 
	 	 	 
	 	Email
    address:	________________@__________________________
	 	 	 
	 	 	ACCEPTANCE
	 	 	 
	 	 	The
    Glimpse Group, Inc., 
	 	 	a
    Nevada corporation 
	 	 	 
	Date:
    ____________, 2017.	 	 

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	12

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