Document:

Exhibit 10.25

 

Form of Lock-Up Agreement

 

_________  __,
2014

 

Brean Capital, LLC

1345 Avenue of the Americas

29th Floor

New York, NY 10105

 

Summer Street Research Partners

101 Arch Street

Boston, MA 02110

 

Ladies and Gentlemen:

 

This Lock-Up Agreement
(this “Agreement”) is being delivered to you in connection with the proposed Underwriting Agreement (the “Underwriting
Agreement”) between Microlin Bio, Inc., a Delaware corporation (the “Company”), and Brean Capital, LLC (“Brean”)
and Summer Street Research Partners (together with Brean, the “Representatives”), as representatives of a group of
underwriters (collectively, the “Underwriters”), to be named therein, and the other parties thereto (if any), relating
to the proposed initial public offering (the “Offering”) of shares of common stock, par value $0.000001 per share (the
“Common Stock”), of the Company.

 

In order to induce
you and the other Underwriters to enter into the Underwriting Agreement, and in light of the benefits that the Offering of the
Common Stock will confer upon the undersigned in its capacity as a securityholder and/or an officer, director or employee of the
Company, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned
agrees with each Underwriter that, during the period beginning on and including the date of this Agreement through and including
the date that is the 180th day after the date of the Underwriting Agreement (the “Lock-Up Period”), the undersigned
will not, without the prior written consent of the Representatives, directly or indirectly, (i) offer, sell, assign, transfer,
pledge, contract to sell, or otherwise dispose of any shares of Common Stock now owned or hereafter acquired by the undersigned
or with respect to which the undersigned has or hereafter acquires the power of disposition (including, without limitation, Common
Stock which may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations promulgated
under the Securities Act of 1933, as amended, and as the same may be amended or supplemented on or after the date hereof from time
to time (the “Securities Act”) (such shares, the “Beneficially Owned Shares”)) or securities convertible
into or exercisable or exchangeable for Common Stock, (ii) enter into any swap, hedge or similar agreement or arrangement that
transfers in whole or in part, the economic risk of ownership of the Beneficially Owned Shares or securities convertible into or
exercisable or exchangeable for Common Stock, whether now owned or hereafter acquired by the undersigned or with respect to which
the undersigned has or hereafter acquires the power of disposition, or (iii) engage in any short selling of the Common Stock.

 

    	 

    	 

    

 

Only to the extent
that the rules of the Financial Industry Regulatory Authority (“FINRA”) relating to the following extensions (or any
successor rules thereto) are applicable to the Company and in effect, and only if the Company loses its “emerging growth
company status,” if (i) during the last 17 days of the Lock-Up Period, the Company issues an earnings release or material
news or a material event relating to the Company occurs, or (ii) prior to the expiration of the Lock-Up Period, the Company announces
that it will release earnings results or becomes aware that material news or a material event will occur during the 16-day period
beginning on the last day of the Lock-Up Period, the restrictions imposed by this Agreement shall continue to apply until the expiration
of the 18-day period beginning on the issuance of the earnings release or the occurrence of such material news or material event,
as applicable, unless the Representatives waive, in writing, such extension; provided, however, that this extension of the Lock-Up
Period shall not apply to the extent that the Company meets the applicable requirements under Rule 139 of the Securities Act and
the Company’s securities are actively traded as defined in Regulation M of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”).

 

If the undersigned
is an officer or director of the Company, (i) the Representatives agree that, at least three business days before the effective
date of any release or waiver of the foregoing restrictions in connection with a transfer of shares of Common Stock, the Representatives
will notify the Company of the impending release or waiver, and (ii) the Company has agreed in the Underwriting Agreement to announce
the impending release or waiver by press release through a major news service at least two business days before the effective date
of the release or waiver. Any release or waiver granted by the Representatives hereunder to any such officer or director shall
only be effective two business days after the publication date of such press release. The provisions of this paragraph will not
apply if (a) the release or waiver is effected solely to permit a transfer not for consideration and (b) the transferee has agreed
in writing to be bound by the same terms described in this Agreement to the extent and for the duration that such terms remain
in effect at the time of the transfer.

 

The restrictions set forth in
the preceding paragraphs shall not apply to the following:

 

(1)         if
the undersigned is a natural person, any transfers made by the undersigned (a) as a bona fide gift to any member of the immediate
family (as defined below) of the undersigned or to a trust the beneficiaries of which are exclusively the undersigned or members
of the undersigned’s immediate family, (b) by will or intestate succession upon the death of the undersigned, (c) as
a bona fide gift to a charity or educational institution, (d) any other bona fide gift, (e) by operation of law, including domestic
relations orders, or (f) if the undersigned is or was an officer, director or employee of the Company, to the Company pursuant
to the Company’s right of repurchase upon termination of the undersigned’s service with the Company;

 

(2)         if
the undersigned is a corporation, partnership, limited liability company or other business entity, any transfers to any stockholder,
partner or member of, or owner of a similar equity interest in, the undersigned, as the case may be, if, in any such case, such
transfer is not for value;

 

(3)         if
the undersigned is a corporation, partnership, limited liability company or other business entity, any transfer made by the undersigned
(a) in connection with the sale or other bona fide transfer in a single transaction of all or substantially all of the undersigned’s
capital stock, partnership interests, membership interests or other similar equity interests, as the case may be, or all or substantially
all of the undersigned’s assets, in any such case not undertaken for the purpose of avoiding the restrictions imposed by
this Agreement or (b) to another corporation, partnership, limited liability company or other business entity so long as the transferee
is an affiliate (as defined below) of the undersigned and such transfer is not for value;

 

(4)         the
exercise by the undersigned of any stock option(s) issued pursuant to the Company’s existing or hereafter adopted stock option
plans or arrangements, including any exercise effected by the delivery of shares of Common Stock of the Company held by the undersigned;
provided, that, the Common Stock received upon such exercise shall remain subject to the restrictions provided for in this Agreement;

 

(5)         the
exercise by the undersigned of any warrant(s) issued by the Company prior to the date of this Agreement, including any exercise
effected by the delivery of shares of Common Stock of the Company held by the undersigned; provided, that, the Common Stock received
upon such exercise shall remain subject to the restrictions provided for in this Agreement;

 

    	 

    	 

    

 

(6)         any
transfers as a forfeiture of shares of Common Stock to the Company in a transaction exempt from Section 16(b) of the Exchange Act
in connection with the payment of taxes due upon the exercise of options to purchase Common Stock or vesting of other Company securities
pursuant to the Company’s existing or hereafter adopted employee benefit plans;

 

(7)         the
occurrence after the date hereof of any of the following: (a) an acquisition by an individual or legal entity or “group”
(as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial
ownership of capital stock of the Company, by contract or otherwise) of 100% of the voting securities of the Company, (b) the Company
merges into or consolidates with any other entity, or any entity merges into or consolidates with the Company, or (c) the Company
sells or transfers all or substantially all of its assets to another person; provided, that, the Common Stock received upon any
of the events set forth in clauses (a) through (c) above shall remain subject to the restrictions provided for in this Agreement;
and

 

(8)         transfers
consented to, in writing by the Representatives;

 

provided,
however, that in the case of any transfer described in clause (1), (2) or (3) above, it shall be a condition to the transfer
that (A) the transferee executes and delivers to the Representatives, acting on behalf of the Underwriters, not later than
one business day prior to such transfer, a written agreement, in substantially the form of this Agreement (it being understood
that any references to “immediate family” in the agreement executed by such transferee shall expressly refer only to
the immediate family of the undersigned and not to the immediate family of the transferee) and otherwise satisfactory in form and
substance to the Representatives, and (B) if the undersigned is required to file a report under Section 16(a) of the
Exchange Act reporting a reduction in beneficial ownership of shares of Common Stock or Beneficially Owned Shares or any securities
convertible into or exercisable or exchangeable for Common Stock or Beneficially Owned Shares during the Lock-Up Period, the undersigned
shall include a statement in such report to the effect that, in the case of any transfer pursuant to clause (1) above, such
transfer is being made as a gift or by will or intestate succession or, in the case of any transfer pursuant to clause (2)
above, such transfer is being made to a stockholder, partner or member of, or owner of a similar equity interest in, the undersigned
and is not a transfer for value or, in the case of any transfer pursuant to clause (3) above, such transfer is being made either
(a) in connection with the sale or other bona fide transfer in a single transaction of all or substantially all of the undersigned’s
capital stock, partnership interests, membership interests or other similar equity interests, as the case may be, or all or substantially
all of the undersigned’s assets or (b) to another corporation, partnership, limited liability company or other business entity
that is an affiliate of the undersigned and such transfer is not for value. In addition, the restrictions set forth herein shall
not prevent the undersigned from entering into a sales plan pursuant to Rule 10b5-1 under the Exchange Act after the date
hereof, provided that (i) a copy of such plan is provided to the Representatives promptly upon entering into the same
and (ii) no sales or transfers may be made under such plan until the Lock-Up Period ends or this Agreement is terminated in
accordance with its terms. For purposes of this paragraph, “immediate family” shall mean a spouse, domestic partner,
child, grandchild or other lineal descendant (including by adoption), father, mother, brother or sister of the undersigned; and
“affiliate” shall have the meaning set forth in Rule 405 under the Securities Act.

 

The undersigned further
agrees that (i) it will not, during the Lock-Up Period, make any demand or request for or exercise any right with respect
to the registration under the Securities Act of any shares of Common Stock or other Beneficially Owned Shares or any securities
convertible into or exercisable or exchangeable for Common Stock or other Beneficially Owned Shares, and (ii) the Company
may, with respect to any Common Stock or other Beneficially Owned Shares or any securities convertible into or exercisable or exchangeable
for Common Stock or other Beneficially Owned Shares owned or held (of record or beneficially) by the undersigned, cause the transfer
agent or other registrar to enter stop transfer instructions and implement stop transfer procedures with respect to such securities
during the Lock-Up Period.

 

    	 

    	 

    

 

The undersigned hereby
represents and warrants that the undersigned has full power and authority to enter into this Agreement and that this Agreement
has been duly authorized (if the undersigned is not a natural person), executed and delivered by the undersigned and is a valid
and binding agreement of the undersigned. This Agreement and all authority herein conferred are irrevocable and shall survive the
death or incapacity of the undersigned (if a natural person) and shall be binding upon the heirs, personal representatives, successors
and assigns of the undersigned.

 

The undersigned understands
that, if (i) the Company notifies the Representatives in writing that it does not intend to proceed with the Offering, (ii) the
registration statement filed with the Securities and Exchange Commission with respect to the Offering is withdrawn, (iii) the execution
of the Underwriting Agreement has not occurred prior to April 30, 2014, or (iv) the Underwriting Agreement (other than the provisions
thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Common Stock to be
sold thereunder, then this Agreement shall be thereby terminated and of no further force or effect.

 

	 	Very truly yours,
	 	 
	 	 
	 	(Name - Please Print)
	 	 
	 	 
	 	(Signature)
	 	 
	 	 
	 	(Name of Signatory, in the case of entities - Please Print)
	 	 
	 	 
	 	(Title of Signatory, in the case of entities - Please Print)
	 	 	 
	 	Address:EMPLOYMENT AGREEMENT

 

This Employment Agreement
(this “Agreement”) is entered into on April 11, 2014 by and between RF Industries, Ltd., a Nevada corporation (the
“Corporation”), and Howard F. Hill (hereinafter called "Executive").

 

WITNESSETH:

 

WHEREAS, Executive
currently is the Chief Executive Officer of the Corporation; and

 

WHEREAS, the prior
written employment agreement between the Corporation and Executive has expired; and

 

WHEREAS, the Corporation
desires to continue to employ Executive as the Corporation’s Chief Executive Officer under the terms of this new Agreement,
and Executive is willing to accept such employment on the terms and subject to the conditions hereinafter set forth;

 

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows:

 

1.            Employment
by Corporation. The Corporation hereby agrees to employ Executive as the Corporation’s full-time Chief Executive Officer
and President. As Chief Executive Officer and President, Executive will report to the Corporation's Board of Directors, and shall
have such duties consistent with that of a Chief Executive Officer/President that may from time to time be designated or assigned
to Executive pursuant to the directives of the Board of Directors.

 

2.            Executive’s
Acceptance of Employment. Executive hereby accepts such employment and agrees that throughout the period of his employment
hereunder: he will devote his full time, attention, knowledge and skills, faithfully, diligently and to the best of his ability,
in furtherance of the business of the Corporation and companies under its control (its “Affiliates”), he will perform
the duties assigned to him pursuant to Section 1 hereof, subject, at all times, to the direction and control of the Board of Directors,
and he will do such reasonable traveling as may be required of him in the performance thereof.

 

Executive shall at
all times be subject to, observe and carry out such rules, regulations, policies, directions and restrictions as the Corporation
shall from time to time establish. During the period of his employment by the Corporation, Executive agrees to be bound by the
Corporation’s Code of Ethics and any amendments adopted thereto, copies of which Executive hereby acknowledges he has received
and read, and Executive agrees that he shall not, without the prior written approval of the Board of Directors, directly or indirectly,
accept employment or compensation from or perform services of any nature for, any business enterprise other than the Corporation
and its Affiliates.

 

3.            Term.
Executive shall be employed for a term ending on December 31, 2014 (the “Term”), unless his employment is terminated
prior thereto pursuant to the provisions hereof. This Agreement shall automatically expire on December 31, 2014 and shall not be
extended or renewed except in a writing signed by an authorized officer of the Corporation. Executive hereby acknowledges and agrees
that his employment by the Corporation, if any, beyond the expiration date of this Agreement shall be terminable by either party
at will and shall not, under any circumstances, be deemed to expressly or impliedly renew the terms of this Agreement.

 

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4.           Compensation/Bonus/Benefits.

 

4.1           The
Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $240,000
per annum, or such greater amount as the Board of Directors of the Corporation shall from time to time determine and confirm in
writing. Executive’s Base Salary may be increased to $252,000 during the Term if, in the opinion of the Board of Directors,
the Corporation’s profitability and operating results justify an increase. Any increase shall become effective for future
salary payments and shall not be retroactive. Such salary is to be payable in equal installments in accordance with the Corporation’s
normal payroll policy.

 

4.2           Within
five days of the execution of this Agreement, the Corporation shall pay Executive a signing bonus equal to ten thousand dollars
($10,000), less tax withholding and other authorized deductions.

 

4.3           Effective
as of the date of this Agreement, the Corporation shall grant Executive a five-year incentive stock option to purchase 4,000 shares
of the Corporation’s common stock at an exercise price equal to the closing price of such stock on the date hereof. The option
shall vest over three years in accordance with the Corporation’s normal vesting policies.

 

4.4           For
each fiscal year ending while this Agreement is in effect, Executive shall participate in an annual bonus plan of the Corporation
pursuant to which Executive’s target bonus opportunity shall be fifty percent (50%) of Executive’s Base Salary (the
“Target Bonus”). The actual bonus paid may be higher or lower than the Target Bonus for over-or under-achievement of
Corporation and individual objectives as determined by the Board of Directors or Compensation Committee of the Board. The Target
Bonus will be subject to annual adjustment by the Board or the Compensation Committee of the Board, in its sole discretion; provided,
however, that the percentage of Executive’s Target Bonus may not be decreased without Executive’s consent. Any bonus
earned by Executive for any fiscal year shall be paid to him as soon as reasonably practicable after the end of the year for which
it is earned, but in no event later than 90 days following the end of the fiscal year for which it is earned.

 

4.5           Executive
shall be entitled to participate, to the extent he is eligible under the terms and conditions thereof, in any pension, retirement,
disability, insurance, medical service, or other employee benefit plan which is generally available to all employees
of the Corporation and which may be in effect from time to time during the period of his employment hereunder.  The
Corporation shall be under no obligation to institute or continue the existence of any such employee benefit plan. In addition
to the employee benefits otherwise available to the Corporation’s employees, during the Term, Executive shall continue to
be entitled to the life insurance policy and disability insurance policy, if any, that the Corporation maintained for Executive
prior to the execution of this Agreement.

 

5.            Business
Expenses. The Corporation shall reimburse Executive for all authorized expenses reasonably incurred by him in accordance with
the Corporation’s travel and entertainment policy and procedures and any amendment thereof that the Corporation may adopt
during his employment.

 

6.            Vacation.
Executive shall be entitled to paid vacation of six (6) weeks per year (pro-rated for employment periods of less than one year),
or such greater amount of vacation as is approved in writing by the Board of Directors. Any such vacations are to be taken at times
mutually agreeable to Executive and the Board of Directors. Vacation time may be accumulated from year to year, provided that the
maximum amount of vacation that may be accumulated at any time shall not exceed eighteen (18) weeks..

 

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7.            Termination.

 

7.1         In
addition to all other rights and remedies which the parties may have under applicable law, the Corporation may terminate this Agreement
and the services of Executive effective upon the occurrence of any of the following events: (i) a material failure by Executive
to perform his obligations under this Agreement; (ii) the death of Executive or his disability for a period of three (3) consecutive
months; (iii) Executive fails to follow the Corporation’s Code of Ethics, and any amendments thereof that the Corporation
may adopt, during his employment; or (iv) in the event that Executive shall act, whether with respect to his employment or otherwise,
in a manner which is in violation of the criminal laws of the United States or any State or subdivision thereof (excluding minor
violations). For purposes of this Agreement, a termination by the Corporation based on any of the foregoing events is a termination
for “cause”. In the event that the Corporation terminates Executive’s employment under this Agreement during
the Term for any reason other than for “cause,” the Corporation shall, concurrently with such termination, pay Executive
an amount equal to the salary that would have been paid to Executive during the balance of the Term. If the Corporation terminates
Executive’s employment with cause, or the Executive voluntarily terminates his employment, then the Corporation shall have
no further obligations to Executive under this Agreement after the date of termination.

 

7.2        If
Executive terminates his employment under this Agreement for Good Reason, Executive shall be entitled to severance compensation
in the form of continuation of Base Salary during the balance of the Term and, if the Corporation is then providing medical and
dental insurance, the Corporation will continue to cover the cost of such medical and dental insurance for the balance of the Term.
As a condition to Executive’s right to receive continuation of salary and other benefits pursuant to this Section 7.2:

 

7.2.1           If
requested by the Corporation, Executive must execute and deliver to the Corporation a Release; and

 

7.2.2           Executive
must not breach any of his covenants and agreements under Sections 8, 9 and 10 of this Agreement, which continue following termination
of his employment.

 

7.3         Executive
shall receive the Change of Control Payment if, within six (6) months after a Change of Control, (i) Executive terminates this
Agreement for Good Reason, or (ii) Executive’s employment under this Agreement is terminated by the Corporation other than
for cause.

 

8.            Non-Competition.
In consideration of the Corporation’s entering into this Agreement:

 

8.1         Executive
agrees that during the effectiveness of this Agreement he will not directly or indirectly own, manage, operate, join, control,
participate in, perform any services for, invest in, or otherwise be connected with, in any manner, whether as an officer, director,
employee, consultant, partner, investor or otherwise, any business entity which is engaged in any business in which the Corporation
or any of its Affiliates is currently engaged or is engaged at the termination of this Agreement.  Nothing herein contained
shall be deemed to prohibit Executive from investing his funds in securities of a company if the securities of such company are
listed for trading on a national stock exchange or traded in the over-the-counter market and Executive’s holdings therein
represent less than five percent (5%) of the total number of shares or principal amount of other securities of such company outstanding.

 

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8.2         Executive
agrees that Executive will not, during the term hereof or prior to the expiration of two (2) years following the termination of
the Executive’s employment for any reason, without the written consent of the Corporation, directly or indirectly, by action
alone or in concert with others, induce or influence, or seek to induce or influence any person who is engaged by the Corporation
or any of its Affiliates as an employee, agent, independent contractor or otherwise, to terminate his employment or engagement,
nor shall Executive, directly or indirectly, through any other person, firm or corporation, employ or engage, or solicit for employment
or engagement, or advise or recommend to any other person or entity that such person or entity employ or engage or solicit for
employment or engagement, any person or entity employed or engaged by the Corporation.

 

9.            Confidentiality
Agreement.

 

9.1         As
used herein, the term "Confidential Information" shall mean any and all information of the Corporation and of its Affiliates
(for purposes of Sections 9, 10 and 11 of this Agreement, the Corporation’s Affiliates shall be deemed included within the
meaning of "Corporation"), including, but not limited to, all data, compilations, programs, devices, strategies, or methods
concerning or related to (i) the Corporation’s finances, financial condition, results of operations, employee relations,
amounts of compensation paid to officers and employees and any other data or information relating to the internal affairs of the
Corporation and its operations; (ii) the terms and conditions (including prices) of sales and offers of sales of the Corporation’s
products and services; (iii) the terms, conditions and current status of the Corporation’s agreements and relationship with
any customer or supplier; (iv) the customer and supplier lists and the identities and business preferences of the Corporation’s
actual and prospective customers and suppliers or any employee or agent thereof with whom the Corporation communicates; (v) the
trade secrets, manufacturing and operating techniques, price data, costs, methods, systems, plans, procedures, formulas, processes,
hardware, software, machines, inventions, designs, drawings, artwork, blueprints, specifications, tools, skills, ideas, and strategic
plans possessed, developed, accumulated or acquired by the Corporation; (vi) any communications between the Corporation,
its officers, directors, shareholders, or employees, and any attorney retained by the Corporation for any purpose, or any person
retained or employed by such attorney for the purpose of assisting such attorney in his or her representation of the Corporation;
(vii) any other non-public information and knowledge with respect to the Corporation’s products, whether developed or in
any stage of development by the Corporation; (viii) the abilities and specialized training or experience of others who as employees
or consultants of the Corporation during the Executive’s employment have engaged in the design or development of any such
products; and (ix) any other matter or thing, whether or not recorded on any medium, (a) by which the Corporation derives actual
or potential economic value from such matter or thing being not generally known to other persons or entities who might obtain economic
value from its disclosure or use, or (b) which gives the Corporation an opportunity to obtain an advantage over its competitors
who do not know or use the same.

 

9.2         Executive
acknowledges and agrees that the Corporation is engaged in a highly competitive business and has expended, or will expend, significant
sums of money and has invested, or will invest, a substantial amount of time to develop and maintain the secrecy of the Confidential
Information. The Corporation has thus obtained, or will obtain, a valuable economic asset which has enabled, or will enable, it
to develop an extensive reputation and to establish long-term business relationships with its suppliers and customers. If such
Confidential Information were disclosed to another person or entity or used for the benefit of anyone other than the Corporation,
the Corporation would suffer irreparable harm, loss and damage. Accordingly, Executive acknowledges and agrees that, unless the
Confidential Information becomes publicly known through legitimate origins not involving an act or omission by Executive:

 

(i) the Confidential Information
is, and at all times hereafter shall remain, the sole property of the Corporation;

 

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(ii) Executive shall use his best
efforts and the utmost diligence to guard and protect the Confidential Information from disclosure to any competitor, customer
or supplier of the Corporation or any other person, firm, corporation or other entity; and 

 

(iii) unless the Corporation gives
Executive prior express written permission, during his employment and thereafter, Executive shall not use for his own benefit,
or divulge to any competitor or customer or any other person, firm, corporation, or other entity, any of the Confidential Information
which Executive may obtain, learn about, develop or be entrusted with as a result of Executive’s employment by the Corporation.

 

9.3 Executive also acknowledges
and agrees that all documentary and tangible Confidential Information including, without limitation, such Confidential Information
as Executive has committed to memory, is supplied or made available by the Corporation to the Executive solely to assist him in
performing his services under this Agreement. Executive further agrees that after his employment with the Corporation is terminated
for any reason:

 

(i) Executive shall not remove
from the property of the Corporation and shall immediately return to the Corporation, all documentary or tangible Confidential
Information in his possession, custody, or control and not make or keep any copies, notes, abstracts, summaries or other record
of any type of Confidential Information; and

 

(ii) Executive shall immediately
return to the Corporation any and all other property of the Corporation in his possession, custody or control, including, without
limitation, any and all keys, security cards, passes, credit cards and marketing literature.

 

10.          Invention
Disclosure. Executive agrees to disclose to the Corporation promptly and fully all ideas, inventions, discoveries, developments
or improvements ("Inventions") that may be made, conceived, created or developed by him (whether such Inventions are
developed solely by him or jointly with others) during his employment by the Corporation which either (i) in any way is connected
with or related to the actual or contemplated business, work, research or undertakings of the Corporation or (ii) results from
or is suggested by any task, project or work that he may do for, in connection with, or on behalf of the Corporation. Executive
agrees that such Inventions shall become the sole and exclusive property of the Corporation and Executive hereby assigns to the
Corporation all of his rights to any such Inventions. With respect to Inventions, Executive shall during the period of his employment
hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in
the Corporation the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation
for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion,
may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony
in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation’s right therein and thereto.
If any such assistance is required following the termination of Executive’s employment with the Corporation, the Corporation
shall reimburse Executive for his lost wages or salary and the reasonable expenses incurred by him in rendering such assistance.
Anything contained in this paragraph to the contrary notwithstanding, this paragraph does not apply to an Invention or Intellectual
Material for which no equipment, supplies, facilities, or trade secret information of the Corporation was used and which was developed
entirely on the Executive’s own time, unless the Invention or Intellectual Material relates: (i) to the business of the Corporation,
(ii) to the Corporation’s actual or demonstrably anticipated research or development, or (iii) the Invention or Intellectual
Material results from any work performed by Executive for the Corporation.

 

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11.          Remedies.
Executive acknowledges and agrees that the business of the Corporation is highly competitive and that the provisions of Sections
8, 9 and 10 are reasonable and necessary for the protection of the Corporation and that any violation of such covenants would cause
immediate, immeasurable and irreparable harm, loss and damage to the Corporation not adequately compensable by a monetary award.
Accordingly, Executive agrees, without limiting any of the other remedies available to the Corporation, that any violation of said
covenants, or any one of them, may be enjoined or restrained by any court of competent jurisdiction, and that any temporary restraining
order or emergency, preliminary or final injunctions may be issued by any court of competent jurisdiction, without notice and without
bond. In the event any proceedings are commenced by the Corporation against Executive for any actual or threatened violation of
any of said covenants and if the Corporation prevails in such litigation, then, Executive shall be liable to the Corporation for,
and shall pay to the Corporation, all costs and expenses of any kind, including reasonable attorneys' fees, which the Corporation
may incur in connection with such proceedings.

 

12.          Definitions.
Whenever used in this Agreement, the following capitalized terms shall have the meanings set forth in this Section 12, certain
other capitalized terms being defined elsewhere in this Agreement:

 

"Change in
Control" means the occurrence of any of the following during the Term:

 

(i)          Any
"Person" or "Group" (as such terms are defined in Section 13(d) of the Securities Exchange Act of 1934 (the
"Exchange Act") and the rules and regulations promulgated thereunder) is or becomes the "Beneficial Owner"
(within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation, or of any
entity resulting from a merger or consolidation involving the Corporation, representing more than fifty percent (50%) of the combined
voting power of the then outstanding voting securities of the Corporation or such entity.

 

(ii)         The
consummation of (x) a merger, consolidation or reorganization to which the Corporation is a party, whether or not the Corporation
is the Person surviving or resulting therefrom, or (y) a sale, assignment, lease, conveyance or other disposition of all or substantially
all of the assets of the Corporation, in one transaction or a series of related transactions, to any Person, where any such transaction
or series of related transactions referred to in clause (x) or clause (y) above in this subparagraph (ii) (a "Transaction")
does not otherwise result in a "Change in Control" pursuant to subparagraph (i) of this definition of "Change in
Control"; provided, however, that no such Transaction shall constitute a "Change in Control" under this subparagraph
(ii) if the Persons who were the stockholders of the Corporation immediately before the consummation of such Transaction are the
Beneficial Owners, immediately following the consummation of such Transaction, of fifty percent (50%) or more of the combined voting
power of the then outstanding voting securities of the Person surviving or resulting from any merger, consolidation or reorganization
referred to in clause (x) above in this subparagraph (ii) or the Person to whom the assets of the Corporation are sold, assigned,
leased, conveyed or disposed of in any transaction or series of related transactions referred in clause (y) above in this subparagraph
(ii), in substantially the same proportions in which such Beneficial Owners held voting stock in the Corporation immediately before
such Transaction or series of related transactions.

 

“Change of
Control Payment” means a cash payment in an amount equal to 12 month’s salary (based on Executive’s Base
Salary at the time of such termination), plus payment for all accrued and unused vacation time.

 

"Good Reason"
means the occurrence without Executive’s express written consent, before or after the occurrence of a Change in Control,
of any of the following:

 

    	-6-

    	 

    

 

(i)          The
Corporation reduces Executive’s Base Salary. 

 

(ii)         The
Corporation requires Executive to change the location of Executive’s work office by more than 30 miles from the location
of the Corporation’s current principal office.

 

(iii)        The
Corporation reduces Executive’s responsibilities or directs Executive to report to a person of lower rank or responsibilities.

 

“Release”
means a written release, in a form and substance satisfactory to the Corporation, of any and all claims against the Corporation
and all directors and officers of the Corporation with respect to all matters arising out of Executive’s employment by the
Corporation, or the termination thereof, except for: (a) claims for entitlements under the terms of this Agreement or plans or
programs of the Corporation in which Executive has accrued a benefit, and (b) claims for indemnification under the articles of
incorporation or bylaws of the Corporation, under any indemnification agreement between the Corporation and Executive, or under
applicable law.

 

13.          Entire
Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the matters set forth herein
and no amendment or modification hereof shall be valid or binding unless made in writing and signed by both parties hereto.

 

14.          Notices.
Any notice, required, permitted or desired to be given pursuant to any of the provisions of this Agreement shall be deemed to have
been sufficiently given or served for all purposes if delivered in person or sent by certified mail, return receipt requested,
postage and fees prepaid as follows:

 

if to the Corporation
at:

 

RF Industries, Ltd.

7610 Miramar Road, Building
6000

San Diego, CA 92126

Attention: Chief Financial
Officer

 

and, if to Executive:

 

Howard Hill

c/o RF Industries, Ltd.

7610 Miramar Road, Building
6000

San Diego, CA 92126

 

Either of the parties
hereto may at any time and from time to time change the address to which notice shall be sent hereunder by notice to the other
party given as provided herein. The date of the giving of any notice hereunder shall be the date delivered or if sent by mail,
shall be the date of the posting of the mail.

 

15.          Non-Assignability.
Neither this Agreement nor the right to receive any payments hereunder may be assigned by Executive.  This Agreement shall
be binding upon Executive and inure to the benefit of his heirs, executors and administrators and be binding upon the Corporation
and inure to the benefit of its successors and assigns.

 

16.          Choice
of Law And Forum. This Agreement shall be governed, interpreted and construed under the laws of the State of California without
regard to its conflict of law principles. The parties agree that any dispute or litigation arising in whole or in part hereunder
shall, at the option of the Corporation, be litigated in any state or Federal court of competent subject matter jurisdiction sitting
in San Diego County, California, to the jurisdiction of which and venue in which Executive irrevocably consents.

 

    	-7-

    	 

    

  

17.          Waiver.
No course of dealing nor any delay on the part of any party in exercising any rights hereunder shall operate as a waiver of any
such rights.  No waiver of any default or breach of this Agreement shall be deemed a continuing waiver or a waiver of any
other breach or default.

 

18.          Severability.
If any provision of this Agreement, including any paragraph, sentence, clause or part thereof, shall be deemed contrary to law
or invalid or unenforceable in any respect by a court of competent jurisdiction, the remaining provisions of such paragraph, sentence,
clause or part thereof shall not be affected, but shall, subject to the discretion of such court, remain in full force and effect
and any invalid and unenforceable provisions shall be deemed, without further action on the part of the parties hereto, modified,
amended and limited to the extent necessary to render the same valid and enforceable.

 

19.          Survival
at Termination. The termination of Executive’s employment hereunder shall not affect his obligations to the Corporation
hereunder which by the nature thereof are intended to survive any such termination including, without limitation, Executive’s
obligations under Sections 8, 9 and 10.

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed effective as of the date first above set forth.

 

	RF INDUSTRIES, LTD.	 	EXECUTIVE:
	 	 	 
	By:	/s/ MARK TURFLER	 	/s/ HOWARD HILL
	 	 	Howard Hill
	Its: Chief Financial Officer	 	 

 

    	-8-

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