Document:

Document

March 17, 2021

Jean Compeau
Palo Alto Networks, Inc. 3000 
Tannery Way
Santa Clara, California 95054

Re: Addendum to Employment Offer Letter (the “Addendum”)

Dear Jean,

I would like to congratulate you on your promotion. In consideration of your new role and continued employment by Palo Alto Networks, Inc. (the “Company”), I would like to confirm the updated terms and conditions of your employment effective March 17, 2021 (“Effective Date”):

1.    Position. Beginning on the Effective Date, you will serve as Deputy Chief Financial Officer and Chief Accounting Officer of the Company. You will report to the Chief Financial Officer and shall perform the duties and responsibilities customary for such positions and such other related duties as are assigned by the Chief Financial Officer. This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. You may engage in civic and not-for-profit activities as long as such activities do not interfere with the performance of your duties hereunder. By signing this Agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.

2.    Compensation. Base Salary. Your salary will be at an annualized rate of $450,000 per year beginning on the Effective Date, payable in accordance with the Company’s standard payroll schedule. Your salary, as well as any other cash amounts payable under this Agreement, will be subject to applicable tax withholdings. Your salary may be adjusted from time to time by our Board of Directors (the “Board”) or the Compensation Committee of our Board of Directors (the “Compensation Committee”) in their sole discretion.

3.    Equity. The Company will grant you an equity award pursuant to the terms of the Company’s 2012 Equity Incentive Plan (the “Plan”) with an approximate value of $1,000,000, in the form of restricted stock units (“RSUs”). One-sixteenth (1/16th) of the RSUs will vest on June 20, 2021, and one-sixteenth (1/16) of the RSUs will vest quarterly thereafter, subject to you continuing to be a Service Provider (as defined in the
 

									
		

	

Plan) through each vesting date.

This Addendum does not change the at-will nature of your employment relationship with the Company. This Addendum supersedes any prior representations or agreements concerning similar subject matter. Other than as specifically set forth in this Addendum, all the terms of the employment offer letter between you and the Company, dated February 22, 2018, remain in full force and effect.

Sincerely, 
												
				
	/s/ Liane Hornsey			
				
	Agreed to and accepted: 	Jean Compeau		
				
	Signature: 	/s/ Jean Compeau		
				
	Printed Name: 	Jean Compeau		
				
	Date:	3/19/2021Exhibit 4.1

 

FOURTH AMENDMENT TO PROMISSORY NOTE

 

This Fourth Amendment to Promissory
Note (this “Amendment”) is entered into as of May 14, 2021, by and between Iliad
Research and Trading, L.P., a Utah limited partnership (“Lender”), and GBT
Technologies Inc. (f/k/a Gopher Protocol, Inc.), a Nevada corporation (“Borrower”). Capitalized terms used in
this Amendment without definition shall have the meanings given to them in the Note (as defined below).

 

A.      
Borrower previously issued to Lender a Promissory Note dated February 27, 2019 in the principal amount
of $2,325,000.00 (as amended, the “Note”).

 

B.        
Effective February 27, 2020, Borrower and Lender entered into that certain Amendment to Promissory
Note (the “First Amendment”), pursuant to which, among other amendments to the Note, Borrower and Lender agreed to
extend the Maturity Date.

 

C.       
Borrower and Lender subsequently agreed to extend the Maturity Date of the Note a second time pursuant
to that certain Second Amendment to Promissory Note dated July 20, 2020 (the “Second Amendment”).

 

D.       
Borrower and Lender subsequently agreed to extend the Maturity Date of the Note a third time pursuant
to that certain Third Amendment to Promissory Note dated February 25, 2021 (the “Third Amendment”, and together with
the First Amendment and the Second Amendment, the “Prior Amendments”).

 

E.        
Borrower has again requested that Lender extend the Maturity Date of the Note (the “Extension”).

 

F.      
Lender has agreed, subject to the terms, amendments, conditions and understandings expressed in this
Amendment, to grant the Extension.

 

NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.       Recitals.
Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true and accurate and are hereby
incorporated into and made a part of this Amendment.

 

2.       Extension.
Lender and Borrower agree that the Maturity Date of the Note is hereby extended to August 31, 2021.

 

3.       Extension
Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations
set forth herein, Borrower agrees to pay to Lender an extension fee (the “Extension Fee”) in the amount of $1,000.00.
The Extension Fee is hereby added to the outstanding balance of the Note as of the date of this Amendment. Lender and Borrower further
agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the
Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the
outstanding balance of the Note, following the application of the Extension Fee, is $483,010.08.

 

    

    

    

 

4.       Representations
and Warranties. In order to induce Lender to enter into this Amendment, Borrower, for itself, and for its affiliates, successors and
assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

(a)  Borrower has full power
and authority to enter into this Amendment and to incur and perform all obligations and covenants contained herein, all of which have
been duly authorized by all proper and necessary action. No consent, approval, filing or registration with or notice to any governmental
authority is required as a condition to the validity of this Amendment or the performance of any of the obligations of Borrower hereunder.

 

(b) There is no fact known
to Borrower or which should be known to Borrower which Borrower has not disclosed to Lender on or prior to the date of this Amendment
which would or could materially and adversely affect the understanding of Lender expressed in this Amendment or any representation, warranty,
or recital contained in this Amendment.

 

(c) Except as expressly
set forth in this Amendment, Borrower acknowledges and agrees that neither the execution and delivery of this Amendment nor any of the
terms, provisions, covenants, or agreements contained in this Amendment shall in any manner release, impair, lessen, modify, waive, or
otherwise affect the liability and obligations of Borrower under the terms of the Transaction Documents.

 

(d) Borrower has no defenses,
affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims, actions or causes of action of any kind or nature
whatsoever against Lender, directly or indirectly, arising out of, based upon, or in any manner connected with, the transactions contemplated
hereby, whether known or unknown, which occurred, existed, was taken, permitted, or begun prior to the execution of this Amendment and
occurred, existed, was taken, permitted or begun in accordance with, pursuant to, or by virtue of any of the terms or conditions of the
Transaction Documents. To the extent any such defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims,
actions or causes of action exist or existed, such defenses, rights, claims, counterclaims, actions and causes of action are hereby waived,
discharged and released. Borrower hereby acknowledges and agrees that the execution of this Amendment by Lender shall not constitute an
acknowledgment of or admission by Lender of the existence of any claims or of liability for any matter or precedent upon which any claim
or liability may be asserted.

 

(e) Borrower represents
and warrants that as of the date hereof no Events of Default or other material breaches exist under the Transaction Documents or have
occurred prior to the date hereof.

 

5.       Certain
Acknowledgments. Each of the parties acknowledges and agrees that no property or cash consideration of any kind whatsoever has been
or shall be given by Lender to Borrower in connection with the Extension or any other amendment to the Note granted herein.

 

    

    

    

 

6.       Other
Terms Unchanged. The Note, as amended by this Amendment and the Prior Amendments, remains and continues in full force and effect,
constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed. Any
reference to the Note after the date of this Amendment is deemed to be a reference to the Note as amended by this Amendment and the Prior
Amendments. If there is a conflict between the terms of this Amendment and the Note or the Prior Amendments, the terms of this Amendment
shall control. No forbearance or waiver may be implied by this Amendment. Except as expressly set forth herein, the execution, delivery,
and performance of this Amendment shall not operate as a waiver of, or as an amendment to, any right, power, or remedy of Lender under
the Note, as in effect prior to the date hereof. For the avoidance of doubt, this Amendment shall be subject to the governing law, venue,
and Arbitration Provisions, as set forth in the Note.

 

7.       No
Reliance. Borrower acknowledges and agrees that neither Lender nor any of its officers, directors, members, managers, equity holders,
representatives or agents has made any representations or warranties to Borrower or any of its agents, representatives, officers, directors,
or employees except as expressly set forth in this Amendment and the Transaction Documents and, in making its decision to enter into the
transactions contemplated by this Amendment, Borrower is not relying on any representation, warranty, covenant or promise of Lender or
its officers, directors, members, managers, equity holders, agents or representatives other than as set forth in this Amendment.

 

8.       Counterparts.
This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall
constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed counterpart of this Amendment
(or such party’s signature page thereof) will be deemed to be an executed original thereof.

 

9.       Further
Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall execute
and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to
carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.

 

[Remainder of page intentionally left blank]

 

    

    

    

 

IN WITNESS WHEREOF, the undersigned have executed this
Amendment as of the date set forth above.

 

	 	LENDER:
	 	 
	 	ILIAD RESEARCH AND TRADING, L.P.
	 	 
	 	By: 	Iliad Management, LLC, its General Partner
	 	 
	 	 	By:	Fife Trading, Inc., its Manager
	 	 
	 	 	 	By:	 
	 	 	 	 	John M. Fife, President
	 	 
	 	BORROWER:
	 	 
	 	GBT TECHNOLOGIES INC.
	 	 
	 	By:	 
	 	Printed Name:	 
	 	Title:	 

 

[Signature Page to Fourth Amendment to Promissory
Note]

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