Document:

Exhibit 10.2

 

EXECUTION COPY

 

VOTING AND SUPPORT AGREEMENT

 

THIS
AGREEMENT is made as of October 5, 2021

 

AMONG:

 

HUDBAY
MINERALS INC., a corporation existing under the laws of Canada (the “Shareholder”)

 

- and -

 

gold
resource corporation, a corporation existing under the laws of the State of Colorado (the “Parent”)

 

- and -

 

GOLD
RESOURCE ACQUISITION SUB, INC., a corporation existing under the laws of the State of Colorado (the “Purchaser”)

 

WHEREAS
the Shareholder is the legal and beneficial owner of the common shares (“Aquila Shares”) and/or the options,
restricted share units and/or deferred share units (“Aquila Convertible Securities”) in the capital of Aquila Resources
Inc., a corporation existing under the laws of the Province of Ontario (“Aquila”) set forth opposite the Shareholder’s
name in Appendix “A” hereto (collectively, the “Subject Securities”);

 

AND
WHEREAS the Shareholder understands that, concurrently with the execution and delivery of this Agreement, Aquila, the Parent
and the Purchaser are entering into the Arrangement Agreement (as defined herein) providing for the Arrangement (as defined herein) whereby
the Purchaser proposes to acquire all of the issued and outstanding Aquila Shares;

 

AND
WHEREAS in order for the Shareholder to realize the benefits that will accrue to it in connection with the consummation of
the Arrangement, the Shareholder desires to enter into this Agreement to provide its support for the completion of the Arrangement on
the terms and conditions set forth herein;

 

AND
WHEREAS the Shareholder acknowledges that the Purchaser and the Parent would not enter into the Arrangement Agreement but for
the execution and delivery of this Agreement by the Shareholder;

 

AND
WHEREAS this Agreement sets out the terms and conditions of the agreement of the Shareholder to abide by the covenants in respect
of the Subject Securities and the other restrictions and covenants set forth herein;

 

NOW
THEREFORE in consideration of the premises and the covenants and agreements herein contained, the parties hereto agree as follows:

 

     

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Article 1

INTERPRETATION

 

		1.1	Definitions

 

In this Agreement:

 

		(a)	“Affiliate” has the meaning ascribed thereto in the Securities Act (Ontario)
and the rules, regulations, instruments (including national and multilateral instruments) and published policies made thereunder, as now
in effect and as they may be promulgated or amended from time to time;

 

		(b)	“Arrangement” means an arrangement under the provisions of Section 182 of the
OBCA, on the terms and conditions set forth in the Plan of Arrangement, subject to any amendments or variations to the Plan of Arrangement
made in accordance with the terms of the Arrangement Agreement or made at the direction of the Court in the Final Order with the prior
written consent of Aquila, the Parent and the Purchaser, each acting reasonably;

 

		(c)	“Arrangement Agreement” means the arrangement agreement, including the schedules thereto,
of even date herewith, among the Purchaser, the Parent and Aquila, a copy of which is attached hereto as Appendix “B”, as
it may be amended, supplemented or modified from time to time in accordance with its terms;

 

		(d)	“Person” includes an individual,
sole proprietorship, corporation, body corporate, incorporated or unincorporated association, syndicate or organization, partnership,
limited partnership, limited liability company, unlimited liability company, joint venture, joint stock company, trust, natural person
in his or her capacity as trustee, executor, administrator or other legal representative, a government or Governmental Authority or other
entity, whether or not having legal status; and

 

		(e)	“Transaction Shareholder Approval” has the meaning ascribed thereto in Section 2.1.

 

		1.2	Definitions in Arrangement Agreement

 

All terms used in this Agreement that
are not defined in Section 1.1 or elsewhere in this Agreement and that are defined in the Arrangement Agreement shall have the respective
meanings ascribed to them in the Arrangement Agreement.

 

		1.3	Appendices

 

The following Appendices attached hereto
constitute an integral part of this Agreement:

 

	 	Appendix “A”	-	Subject Securities
	 	Appendix “B”	-	Arrangement Agreement

 

     

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Article 2

COVENANTS OF THE Shareholders

 

		2.1	Shareholder Support

 

In connection with the Arrangement and
any transactions contemplated in connection with the Arrangement Agreement, the Shareholder hereby covenants, undertakes and agrees from
time to time, until such time as this Agreement is terminated in accordance with Article 4, to cause to be counted as present for
purposes of establishing quorum and to vote (or cause to be voted) all of the Subject Securities, to the extent they carry a right to
vote: (i) at any meeting of any of the securityholders of Aquila at which the Shareholder or any registered holder of the Subject
Securities is entitled to vote in favour of the approval of the Arrangement, any other matter necessary for the consummation of the Arrangement
and any other transaction contemplated in connection with the Arrangement Agreement; or (ii) in any action by written consent of
securityholders of Aquila, in favour of the approval, consent, ratification and adoption of any resolution approving the Arrangement,
any other matter necessary for the consummation of the Arrangement and any other transaction contemplated in connection with the Arrangement
Agreement (each of (i) or (ii) above, the “Transaction Shareholder Approval”).

 

		2.2	Restrictions with Respect to Subject Securities

 

The Shareholder hereby covenants and
agrees that, from the date hereof until the earlier of (i) the Effective Time, (ii) the termination of this Agreement in accordance
with Article 4, except as permitted by this Agreement, the Shareholder:

 

		(a)	will not, directly or indirectly, option, sell, assign, transfer, pledge, encumber, grant a participation
or security interest in or power of attorney over, hypothecate or otherwise convey or dispose of any Subject Securities, or any right
or interest therein (legal or equitable), to any Person or group or Persons acting jointly or in concert or enter into any agreement,
option or other arrangement to do any of the foregoing (each of the foregoing, a “Transfer”), other than: (i) to
a corporation, partnership, limited liability company or other entity controlled solely by the Shareholder; provided, that a Transfer
referred to in this sentence shall only be permitted if, as a precondition to such Transfer, the transferee agrees in writing, in form
and substance reasonably acceptable to the Parent and the Purchaser, to be bound by all of the terms of this Agreement with respect to
the Subject Securities; and provided further, that the transferee shall remain solely controlled by the Shareholder until the earlier
of (A) the Effective Time, and (B) the termination of this Agreement in accordance with Article 4; or (ii) pursuant
to the exercise or settlement, as applicable, in accordance with their respective terms, of any Aquila Convertible Securities. Any purported
transfer of any Subject Securities or interest therein in violation of this Section 2.2(a) shall be null and void;

 

		(b)	will not, directly or indirectly, grant or agree to grant any proxy or other right to vote any Subject
Securities, except for any proxies granted to vote in accordance with Section 2.1, or enter into any voting trust, vote pooling or
other agreement with respect to the right to vote, call meetings of any of the shareholders of Aquila or give consents or approval of
any kind as to any Subject Securities;

 

     

    - 4 - 

    

 

		(c)	will not vote or cause to be voted any Subject Securities in favor of, and vote or cause to be voted all
Subject Securities against, any proposed action, transaction or agreement by or involving Aquila or any of its Affiliates or the Shareholder
or any other Person in a manner which could reasonably be expected to (i) prevent, hinder or delay the successful completion of the
Arrangement or the transactions contemplated by the Arrangement Agreement, or (ii) change in any manner the voting rights of any
class of shares of Aquila;

 

		(d)	other than set forth herein, will take all such steps as are necessary or advisable to ensure that at
all relevant times his, her or its Subject Securities will not be subject to any shareholders’ agreements, voting trust or similar
agreements or any option, right or privilege (whether by Law, pre-emptive or contractual) capable of becoming a shareholders’ agreement,
voting trust or other agreement affecting or restricting the ability of the Shareholder to exercise all voting rights attaching to such
Subject Securities;

 

		(e)	will not withdraw, amend, modify or qualify, or publicly propose or state an intention to withdraw, amend,
modify or qualify, support for the transactions contemplated by the Arrangement Agreement;

 

		(f)	will not directly or indirectly, (i) make or participate in or take any action that may reasonably
be expected to result in an Acquisition Proposal; or (ii) engage in any discussion, negotiation or inquiries relating thereto or
accept any Acquisition Proposal;

 

		(g)	will not, directly or indirectly, solicit, assist, initiate, encourage or otherwise facilitate (including
by way of furnishing or providing copies of, access to, or disclosure of, any confidential information, properties, facilities books or
records of Aquila or any of its subsidiaries or entering into any form of agreement, arrangement or understanding) any inquiry, proposal
or offer that constitutes or would reasonably be expected to constitute or lead to, an Acquisition Proposal;

 

		(h)	will not, directly or indirectly, continue, enter into or otherwise engage or participate in any discussions
or negotiations with any person (other than with the Parent and the Purchaser or their representatives) regarding any inquiry, proposal
or offer that constitutes or would reasonably be expected to constitute or lead to, an Acquisition Proposal;

 

		(i)	will not, directly or indirectly, requisition or join in the requisition of any meeting of the securityholders
of Aquila for the purpose of considering any resolution;

 

		(j)	will not, directly or indirectly, solicit or arrange or provide assistance to any other person to arrange
for the solicitation of, proxies relating to or purchases of or offers to sell Aquila Shares or securities convertible into or exchangeable
or exercisable for Aquila Shares or act jointly or in concert with any other person for the purpose of acquiring any Aquila Shares or
securities convertible into or exchangeable or exercisable for Aquila Shares for the purpose of influencing the voting of Aquila Shares
or affecting the control of Aquila, other than, in the case of proxy solicitation, in support of the Arrangement; and

 

		(k)	irrevocably waives to the fullest extent permitted by Law any and all rights of the Shareholder to dissent
with respect to the Arrangement, and will not exercise any such rights with respect to the Arrangement or the transactions contemplated
by the Arrangement Agreement.

 

     

    - 5 - 

    

 

		2.3	Voting of the Subject
Securityholders

 

The Shareholder hereby agrees with the
Purchaser and the Parent that the Shareholder will, on or before the fifth (5th) Business Day prior to any meeting of any of
the securityholders of Aquila in respect of any Transaction Shareholder Approval, duly complete forms of proxy in respect of all of its
Subject Securities, and any other required documents in connection therewith, and cause the same to be validly delivered in support of
(and indicating that all Subject Securities are voted in favour of approving) the Arrangement and any transactions contemplated in connection
with the Arrangement Agreement, and will not withdraw such forms of proxy except as expressly otherwise provided in this Agreement. The
Shareholder further agrees that it will, on or before the fifth (5th) Business Day prior to any meeting of any of the securityholders
of Aquila in respect of any Transaction Shareholder Approval to be called to approve the Arrangement and any transactions contemplated
in connection with the Arrangement Agreement, deliver or cause to be delivered to the Purchaser and the Parent in accordance with Section 5.10
of this Agreement, a copy or screenshot of the duly completed and signed forms of proxy described in the preceding sentence.

 

		2.4	Meaning of Subject Securities.

 

The term
 “Subject Securities” means that number of Aquila Shares and Aquila Convertible Securities set forth opposite the Shareholder’s
name in Appendix “A” hereto, being all of the securities of Aquila owned legally or beneficially, either directly or indirectly,
by the Shareholder or over which the Shareholder exercises direct or indirect control or direction, and will be deemed to also include
(a) any Aquila Shares and Aquila Convertible Securities issued to the Shareholder pursuant to any stock dividend, stock split, recapitalization,
reclassification, combination or exchange of Aquila Shares or Aquila Convertible Securities on, of, or affecting the Subject Securities
on or after the date of this Agreement, and (b) any Aquila Shares and Aquila Convertible Securities acquired by the Shareholder,
or issued to the Shareholder, on or after the date of this Agreement (including pursuant to the exercise, conversion or vesting of any
securities of Aquila that are exercisable for, convertible into or vest as Aquila Shares (including all Subject Securities)), and all
such acquired Aquila Shares and Aquila Convertible Securities shall be deemed Subject Securities and subject to the terms of this Agreement
as though owned by the Shareholder as of the date hereof.

 

		2.5	No Impact on Purchase Agreement Obligations.

 

The Purchaser and the Parent acknowledge
that the purchase agreement dated November 7, 2013 among the Shareholder, Aquila and REBgold Corporation provides for certain rights
and obligations of the parties thereto that continue to survive, and the entering into of this Agreement and the compliance herewith by
the parties shall not in any way affect or derogate from such rights and obligations.

 

     

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Article 3

REPRESENTATIONS AND WARRANTiES

 

		3.1	Representations and Warranties of the Shareholder

 

The Shareholder hereby represents and
warrants to and covenants with the Purchaser and the Parent as follows, and acknowledges that the Purchaser and the Parent are relying
upon such representations and warranties in entering into this Agreement:

 

		(a)	Incorporation; Authorization. The Shareholder is a subsisting corporation or other legal entity
under the laws of its incorporating or organizational jurisdiction. The Shareholder has all necessary power, authority, capacity and right
to enter into this Agreement and to carry out each of its obligations under this Agreement. This Agreement has been duly executed and
delivered by the Shareholder and, assuming due authorization, execution and delivery by the Purchaser and the Parent, constitutes a legal,
valid and binding agreement enforceable by the Purchaser and the Parent against the Shareholder in accordance with its terms, except as
may be limited by bankruptcy, insolvency and other Laws affecting the enforcement of creditors’ rights generally and subject to
the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.

 

		(b)	Ownership of Subject Securities. The Shareholder
is, and, subject to any Transfer permitted pursuant to Section 2.2(a), will be continuously up until the Effective Time, the legal
and beneficial owner of the Subject Securities set out opposite the Shareholder’s name at Appendix “A”, with good and
marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges,
encumbrances and demands or rights of others of any nature or kind whatsoever. The Shareholder does not own or have any interest in any
securities of Aquila other than the Subject Securities. The Shareholder is not a party to, bound or affected by or subject to,
any charter or by-law, contract, agreement provision, statute, regulation, judgment, order, decree or law which would be violated, contravened,
breached by, or under which any default would occur as a result of, the execution and delivery of this Agreement or the consummation of
any of the transactions provided for in this Agreement.

 

		(c)	No Agreements. No Person has any agreement or option, or any right or privilege (whether by Law,
pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any of the Subject
Securities, or any interest therein or right thereto, except pursuant to this Agreement.

 

		(d)	Voting. None of such Subject Securities is subject to any proxy, power of attorney, voting trust,
vote pooling or other agreement with respect to the right to vote, call meetings of any of the shareholders of Aquila or give consents
or approvals of any kind, except pursuant to this Agreement.

 

		(e)	Consents. No consent, waiver, approval, authorization, exemption, registration, licence or declaration
of or by, or filing with, or notification to any Governmental Entity which has not been made or obtained is required to be made or obtained
by the Shareholder in connection with (i) the execution and delivery by the Shareholder and enforcement against the Shareholder of
this Agreement, or (ii) the consummation of any transactions by the Shareholder provided for herein.

 

     

    - 7 - 

    

 

		(f)	Legal Proceedings. There are no legal proceedings in progress or pending before any Governmental
Entity or, to the knowledge of the Shareholder, threatened against the Shareholder or any of its Affiliates, or any of the Subject Securities
or other property of the Shareholder or any of its Affiliates, and there is no judgment, decree or order against the Shareholder or its
Affiliates, or any of the Subject Securities or other property of the Shareholder or any of its Affiliates, that in each case would adversely
affect in any manner the ability of the Shareholder to enter into this Agreement or adversely affect the Shareholder’s ability to
perform its obligations hereunder or the title of the Shareholder to any of its Subject Securities.

 

		(g)	No Commitment. None of the Subject Securities held by the Shareholder is the subject of any commitment,
undertaking or agreement, the terms of which would affect in any way the ability of the Shareholder to perform the Shareholder’s
obligations with respect to such Subject Securities as set out in this Agreement.

 

		3.2	Representations and Warranties of the Purchaser and the Parent

 

Each of the Purchaser and the Parent
hereby represents and warrants to the Shareholder as follows, and acknowledges that the Shareholder is relying upon such representations
and warranties in entering into this Agreement:

 

		(a)	Each of the Purchaser and the Parent is a corporation duly incorporated and validly existing under the
laws of its jurisdiction of incorporation and each of the Purchaser and the Parent has the requisite corporate power, authority and capacity
to enter into this Agreement and to perform its respective obligations hereunder;

 

		(b)	this Agreement has been duly executed and delivered by each of the Purchaser and the Parent and constitutes
a legal, valid and binding agreement enforceable by the Shareholder against the Purchaser and the Parent in accordance with its terms,
except as may be limited by bankruptcy, insolvency and other Laws affecting the enforcement of creditors’ rights generally and subject
to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction;

 

		(c)	none of the execution and delivery by the Purchaser and the Parent of this Agreement or the compliance
by the Purchaser or the Parent with their respective obligations hereunder will violate, contravene, result in any breach of, or be in
conflict with, or constitute a default under, or create a state of facts which after notice or lapse of time or both would constitute
a default under, any term or provision of: (i) any organizational documents of the Purchaser or the Parent; (ii) any contract
to which the Purchaser or the Parent is a party or by which the Purchaser or the Parent is bound; (iii) any judgment, decree, order
or award of any Governmental Authority; or (iv) any applicable Law, except in each case as would not reasonably be expected, either
individually or in the aggregate, to materially impair the ability of the Purchaser or the Parent to perform their respective obligations
hereunder or that would reasonably be expected to prevent or materially delay the completion of the Arrangement; and

 

     

    - 8 - 

    

 

		(d)	there are no legal proceedings in progress or pending against or, to the knowledge of the Purchaser and
the Parent, threatened against the Purchaser or the Parent or any of their respective Affiliates that would adversely affect in any manner
the ability of the Purchaser or the Parent to enter into this Agreement and to perform their respective obligations hereunder or that
would reasonably be expected to prevent or materially delay the completion of the Arrangement.

 

Article 4

TERMINATION

 

		4.1	Termination

 

This Agreement shall terminate: (i) by
a written instrument executed by the Shareholder, the Purchaser and the Parent; (ii) in the event that the Arrangement Agreement
is terminated in accordance with its terms; (iii) at the Effective Time; (iv) in the event the Arrangement is not consummated
by January 31, 2022; or (v) it being determined (by agreement of the Purchaser, the Parent and Aquila) that the Transaction
Shareholder Approval is not required.

 

		4.2	Effect of Termination

 

If this Agreement is terminated in accordance
with this Article 4, no party hereto shall have liability to any other party hereto except in respect of a wilful, intentional or
material breach of the representations, warranties, obligations, terms or conditions of this Agreement which occurred prior to such termination
in which case the non-breaching party to this Agreement shall be entitled to pursue any and all remedies at law or equity which may be
available to it.

 

Article 5

GENERAL

 

		5.1	Further Assurances

 

The Shareholder will, from time to time,
execute and deliver all such further documents and instruments and do all such acts and things as the Purchaser or the Parent may reasonably
require to effectively carry out or better evidence or perfect the full intent of the parties and meaning of this Agreement.

 

		5.2	Survival of Representations and Warranties

 

No investigations made by or on behalf
any party or any of its authorized agents at any time shall have the effect of waiving, diminishing the scope of or otherwise affecting
any representation, warranty or covenant made by any other party herein or pursuant hereto.

 

		5.3	Disclosure

 

No press release or other disclosure
(public or otherwise) with respect to the existence or details of this Agreement or the Arrangement shall be made by the Shareholder
without the prior written consent of the Purchaser and the Parent, except (a) to the extent required by applicable Law, or (b) to
the Shareholder’s legal and financial advisors, provided that such advisors shall be required to comply with the foregoing disclosure
obligations and the Shareholder agrees to be responsible for any breach of such disclosure obligations by any of such advisors. The Shareholder
hereby consents to the disclosure of the substance of this Agreement in any management information circular of Aquila or any press release
or other public disclosure document prepared and disclosed by Aquila, the Parent or the Purchaser in accordance with applicable Laws,
and to the filing of this Agreement on SEDAR, as may be required pursuant to applicable Securities Laws. A copy of this Agreement may
be provided to Aquila.

 

     

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		5.4	Assignment

 

Other then as expressly contemplated
by Section 2.2(a), this Agreement shall not be otherwise assignable by the Shareholder without the prior written consent of the Purchaser
and the Parent, which consent may not be unreasonably withheld. Neither the Purchaser nor the Parent may assign this Agreement to any
third parties.

 

		5.5	Time

 

Time shall be of the essence of this
Agreement.

 

		5.6	Governing Law

 

This Agreement will be governed by,
and interpreted and enforced in accordance with, the laws in force in the Province of Ontario (excluding any rule or principle of
the conflict of laws which might refer such interpretation to the laws of another jurisdiction) and the federal laws of Canada applicable
therein. Each party hereto irrevocably submits to the non-exclusive jurisdiction of the courts of the Province of Ontario with respect
to any matter arising hereunder or related hereto. The parties to this Agreement hereby irrevocably and unconditionally waive any objection
to the laying of venue of any action, suit or proceeding arising out of this Agreement or the matters contemplated hereby in the courts
of the Province of Ontario and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court
that any such action, suit or proceeding so brought has been brought in an inconvenient forum. This Section 5.6 shall survive the
termination of this Agreement.

 

		5.7	Entire Agreement

 

This Agreement, including the appendices
hereto, constitutes the entire agreement between the parties pertaining to the subject matter hereof. There are no representations, warranties,
conditions, undertakings, commitments, other agreements or acknowledgements, whether direct or collateral, express or implied, that form
part of or affect this Agreement, or which induced any party hereto to enter into this Agreement or on which reliance is placed by any
party hereto, except as specifically set forth in this Agreement .

 

		5.8	Amendments

 

This Agreement may be amended, modified
or supplemented only by a written agreement signed by all of the parties hereto.

 

     

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		5.9	Severability

 

If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions
of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in a mutually acceptable manner in order that the terms of this Agreement remain
as originally contemplated to the fullest extent possible.

 

		5.10	Notices

 

Any demand, notice or other communication
to be given in connection with this Agreement must be given in writing and will be given by mail or electronic mail addressed to the recipient
as follows:

 

		(a)	if to the Shareholder, at the address or e-mail address indicated in Appendix “A”;

 

		(b)	if to the Parent or the Purchaser:

 

Gold Resource Corporation

2000 South Colorado Blvd.

Tower 1, Suite 10200

Denver, Colorado, USA 80222

 

		Attention:	Allen Palmiere,
CEO, President and Director
	 	E-mail:	[***]

 

with a copy (which will not constitute
notice) to:

 

Fasken Martineau DuMoulin LLP

333 Bay Street, Suite 2400,

Toronto, Ontario

M5H 2T6

 

		Attention:	Brian Graves
	 	Email:	bgraves@fasken.com

 

or to such other street address, individual
or e-mail address as may be designated by notice given by either party to the other. Any demand, notice or other communication given by
electronic mail will be conclusively deemed to have been given on the day of transmittal thereof if given during the normal business hours
of the recipient and on the Business Day during which such normal business hours next occur if not given during such hours on any day.

 

     

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		5.11	Specific Performance and other Equitable Rights

 

It is recognized and acknowledged that
a breach by the Shareholder, or by the Parent or the Purchaser, of any material obligations contained in this Agreement will cause the
Parent and the Purchaser, or the Shareholder (as the case may be), to sustain injury for which it would not have an adequate remedy at
Law for money damages. Accordingly, in the event of any such breach, any aggrieved party shall be entitled to the remedy of specific
performance of such obligations and interlocutory, preliminary and permanent injunctive and other equitable relief in addition to any
other remedy to which it may be entitled, at law or in equity, and each party will waive, in any action for specific performance, interlocutory,
preliminary and permanent injunctive relief and/or any other equitable relief, the defence of adequacy of a remedy at Law and any requirement
for the securing or posting of any bond in connection with the obtaining of any such relief.

 

		5.12	Expenses

 

Each of the parties shall pay its respective
legal, financial advisory and accounting costs and expenses incurred in connection with the preparation, execution and delivery of this
Agreement and all documents and instruments executed or prepared pursuant hereto and any other related costs and expenses whatsoever and
howsoever incurred.

 

		5.13	Counterparts

 

This Agreement may be executed in any
number of counterparts. Each executed counterpart will be deemed to be an original. All executed counterparts taken together will constitute
one agreement.

 

To evidence the fact that a party hereto
has executed this Agreement, such party may send a copy of its executed counterpart to the other parties hereto by electronic mail in
Portable Document File (PDF) format. That party will be deemed to have executed this Agreement on the date it sent such electronic mail.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.
SIGNATURE PAGES FOLLOW.]

 

     

     

    

 

IN
WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.

 

 

	 	
    HUDBAY MINERALS INC.

     

	 	Per:	/s/ Eugene Lei
	 	 	Name: Eugene Lei
	 	 	Title: SVP, Corporate Development & Strategy

 

Signature Page to Voting Support Agreement (Hudbay)

 

     

     

    

 

	 	
    GOLD
    RESOURCE CORPORATION

     

     

	 	Per:	/s/ Allen Palmiere
	 	 	Name: Allen Palmiere
	 	 	Title: CEO, President and Director
	 	 	 
	 	 	 
	 	
    GOLD
    RESOURCE ACQUISITION SUB, INC.

     

     

	 	Per:	/s/ Allen Palmiere
	 	 	Name: Allen Palmiere
	 	 	Title: CEO

 

Signature Page to Voting Support Agreement
(Hudbay)

 

     

     

    

 

APPENDIX “A”

 

Subject Securities

 

	Name of

Shareholder	Address and email of

Shareholder	Number(s) and type(s) of

Subject Securities held,

directly or indirectly, by

the Shareholder	Name of registered

holder (if different

from the

Shareholder)
	Hudbay Minerals Inc.	[***]	35,613,912 Common Shares	N/A

 

     

     

    

 

APPENDIX “B”

 

Arrangement Agreement

 

See attached.Exhibit
10.1

 

CIPHERLOC
CORPORATION 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into this 30th day of September
2021, to be effective as of the Effective Date as defined below between Cipherloc Corporation, a Texas corporation (the “Company”),
and Ryan Polk (“Executive”) (each of the Company and Executive are referred to herein as a “Party”,
and collectively referred to herein as the “Parties”).

 

W
I T N E S S E T H:

 

WHEREAS,
the Executive currently serves as the Chief Financial Officer of the Company, provided that the Executive and the Company are not currently
party to an employment agreement regarding such employment; and

 

WHEREAS,
the Company desires to continue to obtain the services of Executive, and Executive desires to continue to be employed by the Company
upon the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the premises, the agreements herein contained and other good and valuable consideration, receipt and
sufficiency of which are hereby acknowledged, the Parties hereto agree as of the Effective Date as follows:

 

ARTICLE
I.

1.
EMPLOYMENT; TERM; DUTIES

 

I.1.
Employment. Pursuant to the terms and conditions
hereinafter set forth, the Company hereby employs Executive, and Executive hereby accepts such employment on an at-will basis, as the
Chief Financial Officer of the Company for a period beginning on the Effective Date .

 

I.2.
Duties and Responsibilities. Executive, as Chief
Financial Officer, shall perform such administrative, managerial and executive duties for the Company (i) as are prescribed by applicable
job specifications for officers of a public company the size and nature of the Company, (ii) as may be prescribed by the Bylaws of the
Company, (iii) as are customarily vested in and incidental to such position, and (iv) as may be assigned to him from time to time by
the President, Chief Executive Officer or Board of Directors of the Company (the “Board”).

 

I.3.
Non-Competition. For $10 and other good and valuable
consideration which Executive acknowledges the receipt and sufficiency of, Executive agrees to (a) devote substantially all of Executive’s
business time, energy and efforts to the business of the Company (except as specifically provided for in Section 1.4 below), (b)
to use Executive’s best efforts and abilities faithfully and diligently to promote the business interests of the Company and (c)
to comply with the other terms and conditions of this Section 1.3. For so long as Executive is employed hereunder, and for a period
of twelve (12) months thereafter (the “Non-Compete Period”), Executive (whether by himself, through his employers
or employees or agents or otherwise, and whether on his own behalf or on behalf of any other Person) shall not, directly or indirectly,
either as an employee, employer, consultant, agent, investor, principal, partner, stockholder (except as the holder of less than 1% of
the issued and outstanding stock of a publicly held corporation), own, manage, operate, control, be employed by, act as an officer, director,
agent or consultant for, or be in any other way connected with or provide services or products to or for, any Person in the business
of manufacturing, selling, creating, distributing, marketing, producing, undertaking, developing, supplying, or otherwise dealing with
or in Restricted Services or Restricted Products in the Restricted Area (the “Post-Employment Non-Competition Requirement”).

 

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I.3.1
For purposes of this Section 1.3, the following
terms shall have the following meanings:

 

(i)
“Person” means any individual,
corporation, partnership, joint venture, limited liability company, trust, unincorporated organization or governmental entity.

 

(ii)
“Restricted Area” means (A)
any State (in the United States); and/or (B) any other geographic area (Providence, if such Restricted Area is in Canada, or country,
if such Restricted Area is in a country other than the United States or Canada), in which the Company or any of its Subsidiaries provides
Restricted Services or Restricted Products, directly or indirectly, during the twelve months preceding the Termination Date of Executive’s
employment hereunder.

 

(iii)
“Restricted Products” means
products sold by the Company including, but not limited to encryption technology and software and any other product, that the Company
or any of its Subsidiaries has provided or is researching, developing, manufacturing, distributing, selling and/or providing at any time
during the two years immediately preceding the Termination Date, or which the Executive obtained any trade secret or other Confidential/Trade
Secret Information (as defined in Section 4.2, below) about at any time during the two years immediately preceding the Termination
Date as a result of his employment with the Company, consulting services provided to the Company, or which he became aware of as a result
of his position as a director of the Company.

 

(iv)
“Restricted Services” means
the sale, licensing, or distribution of Restricted Products and any other services that the Company or any of its Subsidiaries has provided
or is researching, developing, performing and/or providing at any time during the two years immediately preceding the Termination Date,
or which Executive obtained any trade secret or other Confidential/Trade Secret Information (as defined in Section 4.2, below)
about at any time during the two years immediately preceding the Termination Date as a result of his employment with the Company, consulting
services provided to the Company, or which he became aware of as a result of his position as a director of the Company.

 

(v)
“Subsidiary” or “Subsidiaries”
means any or all Persons of which the Company owns directly or indirectly through another Person, a nominee arrangement or otherwise
(a) at least a 20% of the outstanding capital stock (or other shares of beneficial interest) entitled to vote generally or otherwise
have the power to elect a majority of the board of directors or similar governing body or the legal power to direct the business or policies
of such Person or (b) at least 20% of the economic interests of such Person.

 

I.4.
Other Activities. Subject to the foregoing prohibition
and provided such services or investments do not violate any applicable law, regulation or order, or interfere in any way with the faithful
and diligent performance by Executive of the services to the Company otherwise required or contemplated by this Agreement, the Company
expressly acknowledges that Executive may:

 

I.4.1
make and manage personal business investments of Executive’s
choice without consulting the Board;

 

I.4.2
serve in any capacity with any non-profit civic, educational
or charitable organization;

 

I.4.3
undertake any other actions, business transactions,
agreements and undertakings which the Executive has received approval of from the Board. For clarity, the Board and Company are aware
of Executive’s involvement with and undertakings in Archytas Automation and other corporate finance consulting engagements, and
such involvement and undertakings have been approved by the Board as of the Effective Date of this Agreement; and

 

I.4.4
Executive shall undertake only such actions or services
that do not interfere with the Executive’s obligations hereunder.

 

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I.5.
Covenants of Executive.

 

I.5.1
Best Efforts. Executive shall devote his best
efforts to the business and affairs of the Company. Executive shall perform his duties, responsibilities and functions to the Company
hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply, in all material
respects, with all rules and regulations of the Company (and special instructions of the Board, if any) and all other rules, regulations,
guides, handbooks, procedures and policies applicable to the Company and its business in connection with his duties hereunder, including
all United States federal and state securities laws applicable to the Company.

 

I.5.2
Records. Executive shall use his best efforts
and skills to truthfully, accurately, and promptly prepare, maintain, and preserve all records and reports that the Company may, from
time to time, request or require, fully account for all money, records, equipment, materials, or other property belonging to the Company
of which he may have custody, and promptly pay and deliver the same whenever he may be directed to do so by the Board.

 

I.5.3
Compliance. Executive shall use his best efforts
to maintain the Company’s compliance with all rules and regulations of the Securities and Exchange Commission (“SEC”),
and reporting requirements for publicly traded companies under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). Executive shall at all times comply, and cause the Company to comply, with the then-current good corporate governance
standards and practices as prescribed by the SEC, any exchange on which the Company’s capital stock or other securities may be
traded and any other applicable governmental entity, agency or organization.

 

I.5.4
Exchange Act Filing Requirements. The Executive
agrees and acknowledges that due to the Executive’s status as a Section 16(a) “officer” of the Company
(as described in Rule 16a-1(f) of the Exchange Act), he has an obligation to file various beneficial ownership reports and forms with
the Securities and Exchange Commission, including Form’s 3, 4 and 5 (where applicable) and that such obligation is solely the Executive’s
regardless of whether the Company assists the Executive in filing such forms or not. The Executive agrees to use his best efforts to
timely and adequately file all required beneficial ownership reports and forms required under the Exchange Act.

 

I.6.
Effective Date. The “Effective Date”
of this Agreement shall be June 1, 2021.

 

I.7.
At Will Employment, Confidential Information, Invention
Assignment and Arbitration Agreement. A required condition to the Company’s acceptance of this Agreement is the entry by the
Executive into the At Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement in the form of Exhibit
A attached hereto.

 

ARTICLE
II.

2.
COMPENSATION AND OTHER BENEFITS

 

II.1.
Base Salary. So long as this Agreement remains
in effect, for all services rendered by Executive hereunder and all covenants and conditions undertaken by the Parties pursuant to this
Agreement, the Company shall pay, and Executive shall accept, as compensation, an annual base salary (“Base Salary”)
of $150,000. The Base Salary shall be payable in regular installments in accordance with the normal payroll practices of the Company,
in effect from time to time, but in any event no less frequently than on a monthly basis. For so long as Executive is employed hereunder,
beginning on May 31, 2021, and on each May 31st thereafter, the Base Salary may be increased as determined by the Compensation Committee
or the Board (the “Compensation Committee”), in its sole and absolute discretion. Such increase in salary shall
be documented in the Company’s records, but shall not require the Parties enter into a new or amended form of this Agreement.

 

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II.2.
Equity Bonus. Executive shall be eligible for
an annual equity bonus (payable in shares of stock (restricted or otherwise) or options) (an “Equity Bonus”)
equal to $50,000. The Equity Bonus may be increased as determined by the Compensation Committee in its sole and absolute discretion.
Such increase in Equity Bonus shall be documented in the Company’s records, but shall not require the Parties enter into a new
or amended form of this Agreement. An initial Equity Bonus is being granted in restricted stock which is evidenced by, documented by,
and subject in all cases to, the Restricted Stock Grant Agreement, which is attached hereto as Exhibit E (the “Restricted
Stock”). Executive confirms that he has a preexisting business relationship with the Company or any of its officers, directors
or controlling persons has the capacity to protect Executive’s own interests in connection with Executive’s acquisition of
the Restricted Stock. Executive has such knowledge and experience in financial, tax and business matters to enable Executive and/or them
to utilize the information made available to Executive and/or them in connection with the acquisition of the Restricted Stock to evaluate
the merits and risks of the prospective investment and to make an informed investment decision with respect thereto.

 

II.3.
Discretionary Cash Bonus and other Bonuses. Executive
shall be eligible for a yearly discretionary cash bonus (a “Cash Bonus”) with the target amount of $100,000
with the actual payment amount to be determined by the Board of Directors and based on the condition of the Company’s business
and results of operations, the Board’s evaluation of Executive’s individual performance for the relevant period, and the
satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Board’s discretion.

 

II.4.
Performance Standards. The Executive and the
Company agree that the Executive’s discretionary Cash Bonus, Equity Bonus and equity-based compensation will be based on the Executive’s
and the Company’s achievement of performance goals that may be established by the Board after discussion with the Executive and
his supervisors (if any). Until or unless the Company and the Board establish performance goals, the Executive’s discretionary
Cash Bonus, Equity Bonus and equity-based compensation will be wholly discretionary.

 

II.5.
Business Expenses. So long as this Agreement
is in effect, the Company shall reimburse Executive for all reasonable, out-of-pocket business expenses incurred in the performance of
his duties hereunder consistent with the Company’s policies and procedures, in effect from time to time, with respect to travel,
entertainment, communications, technology/equipment and other business expenses customarily reimbursed to senior executives of the Company
in connection with the performance of their duties on behalf of the Company.

 

II.6.
Vacation. Executive will be entitled to paid
time-off (“PTO”). There is no PTO limit; and therefore, no annual carryover of PTO. Executive will not have
an accrued PTO balance. Other than the use of PTO days for illness or personal emergencies, PTO days must be pre-approved by the Company.

 

II.7.
Other Benefits. While Executive is employed by
the Company, the Executive shall be entitled to participate in any employee benefit plans or programs for which he is eligible that are
provided by the Company to its management employees, such as retirement, health, life insurance, and disability plans, vacation and sick
leave policies, business expense reimbursement policies that the Company has in effect from time to time, and stock option plan, life,
health, accident, disability insurance plans, pension plans and retirement plans, in effect from time to time (including, without limitation,
any incentive program or discretionary bonus program of the Company which may be implemented in the future by the Board), to the extent
and on such terms and conditions as the Company customarily makes such plans available to its senior executives. The Company retains
the right to terminate or alter the terms of any benefit programs that it may establish, provided that no such termination or alteration
shall adversely affect any vested benefit under any benefit program.

 

II.8.
Withholding. The Company may deduct from any
compensation payable to Executive (including payments made pursuant to this ARTICLE II or in connection with the termination of
employment pursuant to ARTICLE III of this Agreement) amounts sufficient to cover Executive’s share of applicable federal,
state and/or local income tax withholding, social security payments, state disability and other insurance premiums and payments.

 

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ARTICLE
III.

TERMINATION
OF EMPLOYMENT

 

III.1.
Termination of Employment. Executive’s
employment pursuant to this Agreement shall terminate on the earliest to occur of the following:

 

III.1.1
upon the death of Executive;

 

III.1.2
upon the delivery to Executive of written notice of
termination by the Company if Executive shall suffer a physical or mental disability which renders Executive, in the reasonable judgment
of the Committee, unable to perform his duties and obligations under this Agreement for either 90 consecutive days or 180 days in any
12-month period;

 

III.1.3
upon delivery to the Company of written notice of termination
by Executive for any reason other than for Good Reason;

 

III.1.4
upon delivery to Executive of written notice of termination
by the Company for Cause;

 

III.1.5
upon delivery of written notice of termination from
Executive to the Company for Good Reason, provided, however, prior to any such termination by Executive pursuant to this Section 3.1.5
, Executive shall have advised the Company in writing within fifteen (15) days of the occurrence of any circumstances that would
constitute Good Reason, and the Company has not cured such circumstances within 15 days following receipt of Executive’s written
notice, with the exception of only five (5) days written notice in the event the Company reduces Executive’s salary without Executive’s
consent or fails to pay Executive any compensation due him; or

 

III.1.6
upon delivery to Executive of written notice of termination
by the Company without Cause.

 

III.2.
Termination in Connection with a Change of Control.
In the event that Executive’s employment is terminated for any reason (not including, however, a termination by the Company for
Cause (Section 3.1.4) or a termination as a result of the Executive’s death (Section 3.1.1) or disability (Section
3.1.2)(and for clarity, which shall include termination by Executive for Good Reason (Section 3.1.5 )))(a “Change
of Control Termination”) during the twelve month period following a Change of Control (as defined in Section 3.3)
or in anticipation of a Change of Control, the Company shall pay Executive, within 60 days following the later of (i) the date of such
Change of Control Termination; and (ii) the date of such Change of Control, a cash severance payment in a lump sum in an amount equal
to six months of the current annual Base Salary of the Executive, less applicable withholding (the “Change of Control Payment”),
which amount shall be payable within 60 days of the later of (i) the date of such Change of Control Termination; and (ii) the date of
such Change of Control. If Executive’s employment ends due to a Change of Control Termination within six (6) months prior to a
Change of Control, it will be deemed to be “in anticipation of a Change of Control” for purposes of this paragraph.
In addition, in the event of a Change of Control, all of Executive’s equity-based compensation shall immediately vest regardless
of whether the Executive is retained by the Company or successor following the Change of Control and any outstanding stock options held
by the Executive shall be able to be exercised by the Executive until the earlier of (A) one (1) year from the date of termination and
(B) the latest date upon which such stock options would have expired by their original terms under any circumstances.

 

III.3.
Certain Definitions. For purposes of this Agreement,
the following terms shall have the following meanings:

 

III.3.1
“Cause” shall mean, in the
context of a basis for termination by the Company of Executive’s employment with the Company, that:

 

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(i)
Executive materially breaches any obligation, duty,
covenant or agreement under this Agreement, which breach is not cured or corrected within thirty (30) days of written notice thereof
from the Company (except for breaches of Section 1.3 and ARTICLE IV of this Agreement, which cannot be cured and for which
the Company need not give any opportunity to cure); or

 

(ii)
Executive commits any act of misappropriation of funds
or embezzlement; or

 

(iii)
Executive commits any act of fraud; or

 

(iv)
Executive is indicted of, or pleads guilty or nolo contendere
with respect to, theft, fraud, a crime involving moral turpitude, or a felony under federal or applicable state law.

 

III.3.2
“Change of Control” shall
mean the happening of any of the following without the prior written consent of the Executive:

 

(i)
Any “Person” (as such term
is used in Sections 13(d) and 14(d) of the Exchange Act is or becomes the “Beneficial Owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the total voting
power represented by the Company’s then outstanding voting securities without the approval of not fewer than two-thirds of the
Board of Directors of the Company voting on such matter, unless the Board of Directors specifically designates such acquisition to be
a change of control;

 

(ii)
A merger or consolidation of the Company whether or
not approved by the Board of Directors of the Company, other than a merger or consolidation that would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted or
into voting securities of the surviving entity) at least 50% of the total voting power represented by the voting securities of the Company
or such surviving entity outstanding immediately after such merger or consolidation, or the shareholders of the Company approve a plan
of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the
Company’s assets; or

 

(iii)
As a result of the election of members to the Board
of Directors, a majority of the Board of Directors consists of persons who are not members of the Board of Directors as of the Effective
Date (including Executive as a member of the Board of Directors as of the Effective Date), except in the event that such slate of directors
is proposed by the Committee.

 

(iv)
Notwithstanding the foregoing, if the definition of
“Change of Control” in the Company’s Stock Incentive Plans or Equity Compensation Plans (each as amended
from time to time) is more favorable to the Executive, then such definition shall be controlling for purposes of this Agreement.

 

III.3.3
“Good Reason” shall mean,
in the context of a basis for termination by Executive of his employment with the Company (a) without Executive’s consent, his
position or duties are modified by the Company to such an extent that his duties are no longer consistent with the position of Chief
Financial Officer of the Company, (b) there has been a material breach by the Company of a material term of this Agreement or Executive
reasonably believes that the Company is violating any law which would have a material adverse effect on the Company’s operations
and such violation continues uncured following thirty (30) days after such breach and after notice thereof has been provided to the Company
by the Executive, or (c) Executive’s compensation as set forth hereunder is reduced without Executive’s consent, or the Company
fails to pay to Executive any compensation due to him hereunder upon five (5) days written notice from Executive informing the Company
of such failure.

 

III.3.4
“Termination Date” shall mean
the date on which Executive’s employment with the Company hereunder is terminated.

 

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III.4.
Effect of Termination. In the event that Executive’s
employment hereunder is terminated in accordance with the provisions of this Agreement, Executive shall be entitled to the following:

 

III.4.1
If Executive’s employment is terminated pursuant
to Sections 3.1.1 (death), Section 3.1.2 (disability), Section 1.1.1 (without Good Reason by the Executive), or
Section 3.1.4 (by the Company for Cause), Executive shall be entitled to salary accrued through the Termination Date and no other
benefits other than as required under the terms of employee benefit plans in which Executive was participating as of the Termination
Date. Additionally, any unvested stock options or equity compensation held by Executive shall immediately terminate and be forfeited
(unless otherwise provided in the applicable award) and any previously vested stock options (or if applicable equity compensation) shall
be subject to terms and conditions set forth in the applicable Stock Incentive Plan or Equity Compensation Plan, or award agreement,
as such may describe the rights and obligations upon termination of employment of Executive.

 

III.4.2
If Executive’s employment is terminated by Executive
pursuant to Section 3.1.5 (Good Reason), or pursuant to Section 3.1.6 (without Cause by the Company), (a) Executive shall
be entitled to continue to receive the salary at the rate in effect upon the Termination Date of employment for six months following
the Termination Date, payable in accordance with the Company’s normal payroll practices and policies, as if Executive’s employment
had not terminated; and (b) provided Executive elects to receive continued health insurance coverage through COBRA, the Company will
pay Executive’s monthly COBRA contributions for health insurance coverage, as may be amended from time to time (less an amount
equal to the premium contribution paid by active Company employees, if any) for six months (6) following the Termination Date; provided,
however, that if at any time Executive is covered by a substantially similar level of health insurance through subsequent employment
or otherwise, the Company’s health benefit obligations shall immediately cease, and the Company shall have no further obligation
to make COBRA contributions on Executive’s behalf. Additionally, unvested benefits (whether equity or cash benefits and bonuses
(subject to this Section 3.4.2 in connection with the Cash Bonus)) will vest immediately upon such termination and any outstanding
stock options or equity previously granted to the Executive will vest immediately upon such termination and shall be exercisable by the
Executive until the earlier of (A) one (1) year from the date of termination and (B) the latest date upon which such stock options or
equity would have expired by their original terms under any circumstances. Executive shall be entitled to no other post-employment benefits
except as provided for under this Section 3.4.2 and for benefits payable under applicable benefit plans in which Executive is
entitled to participate pursuant to Section 2.7 hereof through the Termination Date, subject to and in accordance with the terms
of such plans.

 

III.4.3
As a condition to Executive’s right to receive
any benefits pursuant to Section 3.4.2 of this Agreement, (A) Executive must execute and deliver to the Company a written release
in form and substance satisfactory to the Company, of any and all claims against the Company and all directors and officers of the Company
with respect to all matters arising out of Executive’s employment hereunder, or the termination thereof (other than claims for
entitlements under the terms of this Agreement or plans or programs of the Company in which Executive has accrued a benefit); and (B)
Executive must not breach any of his covenants and agreements under Section 1.3 and ARTICLE IV of this Agreement, which
shall continue following the Termination Date.

 

III.4.4
In the event of termination of Executive’s employment
pursuant to Section 3.1.4 (by the Company for Cause), and subject to applicable law and regulations, the Company shall be entitled
to offset against any payments due Executive the loss and damage, if any, which shall have been suffered by the Company as a result of
the acts or omissions of Executive giving rise to termination. The foregoing shall not be construed to limit any cause of action, claim
or other rights, which the Company may have against Executive in connection with such acts or omissions.

 

III.4.5
Upon termination of Executive’s employment hereunder,
or on demand by the Company during the Term of this Agreement, Executive will immediately deliver to the Company, and will not keep in
his possession, recreate or deliver to anyone else, any and all Company property, as well as all devices and equipment belonging to the
Company (including computers, handheld electronic devices, telephone equipment, and other electronic devices), Company credit cards,
records, data, notes, notebooks, reports, files, proposals, lists, correspondence, specifications, drawings blueprints, sketches, materials,
photographs, charts, all documents and property, and reproductions of any of the aforementioned items that were developed by Executive
pursuant to his employment with the Company, obtained by Executive in connection with his employment with the Company, or otherwise belonging
to the Company, its successors or assigns, including, without limitation, those records maintained pursuant to this Agreement.

 

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III.4.6
Executive also agrees to keep the Company advised of
his home and business address for a period of three (3) years after termination of Executive’s employment hereunder, so that the
Company can contact Executive regarding his continuing obligations provided by this Agreement. In the event that Executive’s employment
hereunder is terminated, Executive agrees to grant consent to notification by the Company to Executive’s new employer about his
obligations under this Agreement.

 

III.4.7
Consulting. During the sixty day period following
any termination of this Agreement pursuant to Section 3.1.3, Section 3.1.5, or Section 3.1.6, Executive shall be
available, subject to his other reasonable commitments or obligations made or incurred in mitigation of the termination of his employment,
by telephone, email or fax, as a consultant to the Company, without further compensation, to consult with its officers and directors
regarding projects and/or tasks as defined by the Board.

 

ARTICLE
IV.

INVENTIONS;
CONFIDENTIAL/TRADE SECRET INFORMATION

AND
RESTRICTIVE COVENANTS

 

IV.1.
Inventions. All processes, technologies and inventions
relating to the business of the Company (collectively, “Inventions”), including new contributions, improvements,
ideas, discoveries, trademarks and trade names, conceived, developed, invented, made or found by Executive, alone or with others, during
his employment by the Company, whether or not patentable shall be the property of the Company and shall be promptly and fully disclosed
by Executive to the Company. Notwithstanding the foregoing, this Section IV.1 does not waive or transfer Executive’s rights
to any Inventions for which no equipment, supplies, facility or trade secret or Confidential Information of the Company was used and
which was developed entirely on Executive’s own time, not making use of the Company’s research or development, or the results
of any work that Executive performed for the Company, which does not relate to the Company’s products, services, or business or
activities that the Company is pursuing. Executive shall perform all necessary acts (including, without limitation, executing and delivering
any confirmatory assignments, documents or instruments requested by the Company) to assign or otherwise to vest title to any such Inventions
in the Company and to enable the Company, at its sole expense, to secure and maintain domestic and/or foreign patents or any other rights
for such Inventions. Executive agrees to inform the Company of any Inventions which he creates or intends to create which shall be approved
by the Company.

 

IV.2.
Confidential/Trade Secret Information/Non-Disclosure.

 

IV.2.1
Confidential/Trade Secret Information Defined.
During the course of Executive’s employment, Executive will have access to various Confidential/Trade Secret Information of the
Company and information developed for the Company. For purposes of this Agreement, the term “Confidential/Trade Secret Information”
is information that is not generally known to the public and, as a result, is of economic benefit to the Company in the conduct of its
business, and the business of the Company’s subsidiaries. Executive and the Company agree that the term “Confidential/Trade
Secret Information” includes but is not limited to all information developed or obtained by the Company, including its
affiliates, and predecessors, and comprising the following items, whether or not such items have been reduced to tangible form (e.g.,
physical writing, computer hard drive, disk, tape, e-mail, etc.): all methods, techniques, processes, ideas, research and development,
product designs, engineering designs, plans, models, production plans, business plans, add-on features, trade names, service marks, slogans,
forms, pricing structures, business forms, marketing programs and plans, layouts and designs, financial structures, operational methods
and tactics, cost information, the identity of and/or contractual arrangements with customers, partners, suppliers and/or vendors, accounting
procedures, and any document, record or other information of the Company relating to the above. Confidential/Trade Secret Information
includes not only information directly belonging to the Company which existed before the date of this Agreement, but also information
developed by Executive for the Company, including its subsidiaries, affiliates and predecessors, during the term of Executive’s
employment with the Company. Confidential/Trade Secret Information does not include any information which (a) was in the lawful and unrestricted
possession of Executive prior to its disclosure to Executive by the Company, its subsidiaries, affiliates or predecessors, (b) is or
becomes generally available to the public by lawful acts other than those of Executive after receiving it, or (c) has been received lawfully
and in good faith by Executive from a third party who is not and has never been an executive of the Company, its subsidiaries, affiliates
or predecessors, and who did not derive it from the Company, its subsidiaries, affiliates or predecessors.

 

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IV.2.2
Restriction on Use of Confidential/Trade Secret Information.
Executive agrees that his use of Confidential/Trade Secret Information is subject to the following restrictions for an indefinite period
of time so long as the Confidential/Trade Secret Information has not become generally known to the public:

 

(i)
Non-Disclosure. Executive agrees that he will
not publish or disclose, or allow to be published or disclosed, Confidential/Trade Secret Information to any person without the prior
written authorization of the Company unless pursuant to or in connection with Executive’s job duties to the Company under this
Agreement; and

 

(ii)
Non-Removal/Surrender. Executive agrees that
he will not remove any Confidential/Trade Secret Information from the offices of the Company or the premises of any facility in which
the Company is performing services, except pursuant to his duties under this Agreement. Executive further agrees that he shall surrender
to the Company all documents and materials in his possession or control which contain Confidential/Trade Secret Information and which
are the property of the Company upon the termination of his employment with the Company, and that he shall not thereafter retain any
copies of any such materials.

 

IV.2.3
Prohibition Against Unfair Competition/ Non-Solicitation
of Customers. Executive agrees that at no time after his employment with the Company will he engage in competition with the Company
while making any use of the Confidential/Trade Secret Information, or otherwise exploit or make use of the Confidential/Trade Secret
Information. Executive agrees that during the twelve-month period following the Termination Date, he will not directly or indirectly
accept or solicit, in any capacity, the business of any customer of the Company with whom Executive worked or otherwise had access to
the Confidential/Trade Secret Information pertaining to the Company’s business with such customer during the last year of Executive’s
employment with the Company, or solicit, directly or indirectly, or encourage any of the Company’s customers or suppliers to terminate
their business relationship with the Company, or otherwise interfere with such business relationships.

 

IV.3.
Non-Solicitation of Employees. Executive agrees
that during the twelve-month period following the Termination Date, he shall not, directly or indirectly, solicit or otherwise encourage
any employees of the Company to leave the employ of the Company, or solicit, directly or indirectly, any of the Company’s employees
for employment.

 

IV.4.
Non-Solicitation During Employment. During his
employment with the Company, Executive shall not: (a) interfere with the Company’s business relationship with its customers or
suppliers, (b) solicit, directly or indirectly, or otherwise encourage any of the Company’s customers or suppliers to terminate
their business relationship with the Company, or (c) solicit, directly or indirectly, or otherwise encourage any employees of the Company
to leave the employ of the Company, or solicit any of the Company’s employees for employment.

 

IV.5.
Conflict of Interest. During Executive’s
employment with the Company, Executive must not engage in any work, paid or unpaid, that creates an actual conflict of interest with
the Company. If the Company or the Executive have any question as to the actual or apparent potential for a conflict of interest, either
shall raise the issue formally to the other, and if appropriate and necessary the issue shall be put to the Audit Committee of the Company
for consideration and approval or non-approval, which approval or non-approval the Executive agrees shall be binding on the Executive.

 

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IV.6.
Breach of Provisions. If Executive materially
breaches any of the provisions of this ARTICLE IV, or in the event that any such breach is threatened by Executive, in addition
to and without limiting or waiving any other remedies available to the Company at law or in equity, the Company shall be entitled to
immediate injunctive relief in any court, domestic or foreign, having the capacity to grant such relief, to restrain any such breach
or threatened breach and to enforce the provisions of this ARTICLE IV.

 

IV.7.
Reasonable Restrictions. The Parties acknowledge
that the foregoing restrictions, as well as the duration and the territorial scope thereof as set forth in this ARTICLE IV, are
under all of the circumstances reasonable and necessary for the protection of the Company and its business.

 

IV.8.
Specific Performance. Executive acknowledges
and agrees that the Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 1.3,
Section 4.2, Section 4.3 or Section 4.4 hereof would be inadequate and, in recognition of this fact, Executive agrees
that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond,
shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent
injunction or any other equitable remedy which may then be available.

 

ARTICLE
V.

INDEMNIFICATION

 

V.1.
The Company agrees to indemnify Executive and hold Executive
harmless from and against any and all losses, claims, damages, liabilities and costs (and all actions in respect thereof and any legal
or other expenses in giving testimony or furnishing documents in response to a subpoena or otherwise), including, without limitation,
the costs of investigating, preparing or defending any such action or claim, whether or not in connection with litigation in which Executive
is a party, as and when incurred, directly or indirectly caused by, relating to, based upon or arising out of any work performed by Executive
in connection with this Agreement to the full extent permitted by the Texas Business Organizations Code (or the business law of the Company’s
then jurisdiction of organization), and by the Articles of Incorporation and Bylaws of the Company, as may be amended from time to time,
and pursuant to any indemnification agreement between Executive and the Company.

 

V.2.
The indemnification provision of this ARTICLE V
shall be in addition to any liability which the Company may otherwise have to Executive.

 

V.3.
If any action, proceeding or investigation is commenced
as to which Executive proposes to demand such indemnification, Executive shall notify the Company with reasonable promptness. Executive
shall have the right to retain counsel of Executive’s own choice to represent Executive and the Company shall pay all reasonable
fees and expenses of such counsel; and such counsel shall, to the fullest extent consistent with such counsel’s professional responsibilities,
cooperate with the Company and any counsel designated by the Company. The Company shall be liable for any settlement of any claim against
Executive made with the Company’s written consent, which consent shall not be unreasonably withheld or delayed, to the fullest
extent permitted by the Texas Business Organizations Code (or the business law of the Company’s then jurisdiction of organization)
and the Articles of Incorporation and Bylaws of the Company, as may be amended from time to time.

 

ARTICLE
VI.

ARBITRATION

 

VI.1.
Scope. To the fullest extent permitted by law,
Executive and the Company agree to the binding arbitration of any and all controversies, claims or disputes between them arising out
of or in any way related to this Agreement, the employment relationship between the Company and Executive and any disputes upon termination
of employment, including but not limited to breach of contract, tort, discrimination, harassment, wrongful termination, demotion, discipline,
failure to accommodate, family and medical leave, compensation or benefits claims, constitutional claims; and any claims for violation
of any local, state or federal law, statute, regulation or ordinance or common law. For the purpose of this agreement to arbitrate, references
to “Company” include all subsidiaries or related entities and their respective executives, supervisors, officers,
directors, agents, pension or benefit plans, pension or benefit plan sponsors, fiduciaries, administrators, affiliates and all successors
and assigns of any of them, and this agreement to arbitrate shall apply to them to the extent Executive’s claims arise out of or
relate to their actions on behalf of the Company.

 

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VI.2.
Arbitration Procedure. To commence any such arbitration
proceeding, the Party commencing the arbitration must provide the other Party with written notice of any and all claims forming the basis
of such right in sufficient detail to inform the other Party of the substance of such claims. In no event shall this notice for arbitration
be made after the date when institution of legal or equitable proceedings based on such claims would be barred by the applicable statute
of limitations. The arbitration will be conducted in Austin, Texas, by a single neutral arbitrator and in accordance with the then-current
rules for resolution of employment disputes of the American Arbitration Association (“AAA”). The Arbitrator
is to be selected by the mutual agreement of the Parties. If the Parties cannot agree, the AAA will select the arbitrator. The Parties
are entitled to representation by an attorney or other representative of their choosing. The arbitrator shall have the power to enter
any award that could be entered by a judge of the trial court of the State of Texas, and only such power, and shall follow the law. The
award shall be binding and the Parties agree to abide by and perform any award rendered by the arbitrator. The arbitrator shall issue
the award in writing and therein state the essential findings and conclusions on which the award is based. Judgment on the award may
be entered in any court having jurisdiction thereof. The losing Party in the arbitration hearing shall bear the costs of the arbitration
filing and hearing fees and the cost of the arbitrator.

 

ARTICLE
VII.

MISCELLANEOUS

 

VII.1.
Binding Effect; Assignment. This Agreement shall
be binding upon and inure to the benefit of the Parties and their respective legal representatives, heirs, successors and assigns. Executive
may not assign any of his rights or obligations under this Agreement. The Company may assign its rights and obligations under this Agreement
to any successor entity.

 

VII.2.
Notices. Any notice provided for herein shall
be in writing and shall be deemed to have been given or made (a) when personally delivered or (b) when sent by telecopier and confirmed
within 48 hours by letter mailed or delivered to the Party to be notified at its or his address set forth herein; or three (3) days after
being sent by registered or certified mail, return receipt requested (or by equivalent currier with delivery documentation such as FEDEX
or UPS) to the address of the other Party set forth or to such other address as may be specified by notice given in accordance with this
Section 7.2:

 

	If
    to the Company:	Cipherloc
    Corporation

    6836
    Bee Cave Road, Bldg. 1, S#279

    Austin,
    TX 78746

    (512)
    337-3728

    Attention:
    Secretary

    

 

	If
    to the Executive:	Ryan
    Polk

    (Address
    and contact information on file)

 

VII.3.
Severability. If any provision of this Agreement,
or portion thereof, shall be held invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability
shall attach only to such provision or portion thereof, and shall not in any manner affect or render invalid or unenforceable any other
provision of this Agreement or portion thereof, and this Agreement shall be carried out as if any such invalid or unenforceable provision
or portion thereof were not contained herein. In addition, any such invalid or unenforceable provision or portion thereof shall be deemed,
without further action on the part of the Parties hereto, modified, amended or limited to the extent necessary to render the same valid
and enforceable.

 

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VII.4.
Waiver. No waiver by a Party of a breach or default
hereunder by the other Party shall be considered valid, unless expressed in a writing signed by such first Party, and no such waiver
shall be deemed a waiver of any subsequent breach or default of the same or any other nature.

 

VII.5.
Entire Agreement. This Agreement sets forth the
entire agreement between the Parties with respect to the subject matter hereof, and supersedes any and all prior agreements between the
Company and Executive, whether written or oral, relating to any or all matters covered by and contained or otherwise dealt with in this
Agreement. This Agreement does not constitute a commitment of the Company with regard to Executive’s employment, express or implied,
other than to the extent expressly provided for herein.

 

VII.6.
Amendment. No modification, change or amendment
of this Agreement or any of its provisions shall be valid, unless in a writing signed by the Parties and approved by the Compensation
Committee.

 

VII.7.
Authority. The Parties each represent and warrant
that it/he has the power, authority and right to enter into this Agreement and to carry out and perform the terms, covenants and conditions
hereof.

 

VII.8.
Attorneys’ Fees. If either Party hereto
commences an arbitration or other action against the other Party to enforce any of the terms hereof or because of the breach by such
other Party of any of the terms hereof, the prevailing Party shall be entitled, in addition to any other relief granted, to all actual
out-of-pocket costs and expenses incurred by such prevailing Party in connection with such action, including, without limitation, all
reasonable attorneys’ fees, and a right to such costs and expenses shall be deemed to have accrued upon the commencement of such
action and shall be enforceable whether or not such action is prosecuted to judgment.

 

VII.9.
Construction. When used in this Agreement, unless
a contrary intention appears: (i) a term has the meaning assigned to it; (ii) “or” is not exclusive; (iii)
“including” means including without limitation; (iv) words in the singular include the plural and words in
the plural include the singular, and words importing the masculine gender include the feminine and neuter genders; (v) any agreement,
instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement,
instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments)
references to all attachments thereto and instruments incorporated therein; (vi) the words “hereof”, “herein”
and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a
whole and not to any particular provision hereof; (vii) references contained herein to Article, Section, Schedule and Exhibit, as applicable,
are references to Articles, Sections, Schedules and Exhibits in this Agreement unless otherwise specified; (viii) references to “writing”
include printing, typing, lithography and other means of reproducing words in a visible form, including, but not limited to email; (ix)
references to “dollars”, “Dollars” or “$” in this Agreement
shall mean United States dollars; (x) reference to a particular statute, regulation or Law means such statute, regulation or Law as amended
or otherwise modified from time to time; (xi) any definition of or reference to any agreement, instrument or other document herein shall
be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified
(subject to any restrictions on such amendments, supplements or modifications set forth herein); (xii) unless otherwise stated in this
Agreement, in the computation of a period of time from a specified date to a later specified date, the word “from”
means “from and including” and the words “to” and “until”
each mean “to but excluding”; (xiii) references to “days” shall mean calendar days;
and (xiv) the paragraph headings contained in this Agreement are for convenience only, and shall in no manner be construed as part of
this Agreement.

 

VII.10.
Governing Law. This Agreement, and all of the
rights and obligations of the Parties in connection with the employment relationship established hereby, shall be governed by and construed
in accordance with the substantive laws of the State of Texas without giving effect to principles relating to conflicts of law.

 

VII.11.
Survival. The termination of Executive’s
employment with the Company pursuant to the provisions of this Agreement shall not affect Executive’s obligations to the Company
hereunder which by the nature thereof are intended to survive any such termination, including, without limitation, Executive’s
obligations under Section 1.3 and ARTICLE IV of this Agreement.

 

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VII.12.
Section 280G Safe Harbor Cap. In the event it
shall be determined that any payment or distribution or any part thereof of any type to or for the benefit of Executive whether pursuant
to the Agreement or any other agreement between Executive and the Company, or any person or entity that acquires ownership or effective
control the Company or ownership of a substantial portion of the Company’s assets (within the meaning of Section 280G of the Internal
Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”)) whether paid or payable or distributed
or distributable pursuant to the terms of the Agreement or any other agreement, (the “Total Payments”), is
or will be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Total
Payments shall be reduced to the maximum amount that could be paid to Executive without giving rise to the Excise Tax (the “Safe
Harbor Cap”), if the net after-tax payment to Executive after reducing Executive’s Total Payments to the Safe Harbor
Cap is greater than the net after-tax (including the Excise Tax) payment to Executive without such reduction. The reduction of the amounts
payable hereunder, if applicable, shall be made by reducing first the payment made pursuant to the Agreement and then to any other agreement
that triggers such Excise Tax, unless an alternative method of reduction is elected by Executive. All mathematical determinations, and
all determinations as to whether any of the Total Payments are “parachute payments” (within the meaning of
Section 280G of the Code), that are required to be made under ARTICLE III, including determinations as to whether the Total Payments
to Executive shall be reduced to the Safe Harbor Cap and the assumptions to be utilized in arriving at such determinations, shall be
made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”). If the Accounting
Firm determines that the Total Payments to Executive shall be reduced to the Safe Harbor Cap (the “Cutback Payment”)
and it is established pursuant to a final determination of a court or an Internal Revenue Service (the “IRS”)
proceeding which has been finally and conclusively resolved, that the Cutback Payment is in excess of the limitations provided in this
Section 7.12 (hereinafter referred to as an “Excess Payment”), such Excess Payment shall be deemed for
all purposes to be an overpayment to Executive made on the date such Executive received the Excess Payment and Executive shall repay
the Excess Payment to the Company on demand; provided, however, if Executive shall be required to pay an Excise Tax by reason of receiving
such Excess Payment (regardless of the obligation to repay the Company), Executive shall not be required to repay the Excess Payment
(if Executive has already repaid such amount, the Company shall refund the amount to the Executive), and the Company shall pay Executive
an amount equal to the difference between the Total Payments and the Safe Harbor Cap (provided that such amount has previously been repaid
by the Executive or not previously paid by the Company).

 

VII.13.
Section 409A and 457A Compliance. To the extent
applicable, this Agreement is intended to meet the requirements of Section 409A and 457A of the Code, and shall be interpreted and construed
consistent with that intent. For purposes of this Agreement, each payment under this Agreement shall be considered a “separate
payment” and not as part of a series of payments for purposes of Section 409A.

 

VII.14.
Clawback. Notwithstanding any provision in this
Agreement to the contrary, any portion of the payments and benefits provided under this Agreement, as well as any other payments and
benefits which the Executive receives pursuant to a Company plan or other arrangement, shall be subject to a clawback to the extent necessary
to comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act or any Securities and Exchange Commission
rule.

 

VII.15.
Legal Counsel. Executive acknowledges and warrants
that (A) he has been advised that Executive’s interests may be different from the Company’s interests, (B) he has been afforded
a reasonable opportunity to review this Agreement, to understand its terms and to discuss it with an attorney and/or financial advisor
of his choice and (C) he knowingly and voluntarily entered into this Agreement. The Company and Executive shall each bear their own costs
and expenses in connection with the negotiation and execution of this Agreement.

 

VII.16.
Counterparts, Effect of Facsimile, Emailed and Photocopied
Signatures. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments
hereto or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same instrument. Any such counterpart,
to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail (any such
delivery, an “Electronic Delivery”) shall be treated in all manners and respects as an original executed counterpart
and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.
At the request of any Party, each other Party shall re execute the original form of this Agreement and deliver such form to all other
Parties. No Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such Party
forever waives any such defense, except to the extent such defense relates to lack of authenticity.

 

[Remainder
of page left intentionally blank. Signature page follows]

 

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This
Agreement contains provisions requiring binding arbitration of disputes. By signing this Agreement, Executive acknowledges that he (i)
has read and understood the entire Agreement; (ii) has received a copy of it (iii) has had the opportunity to ask questions and consult
counsel or other advisors about its terms; and (iv) agrees to be bound by it. 

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written.

 

	“COMPANY”	 	 
	 	 	 
	 	CIPHERLOC
    CORPORATION
	 	a
    Texas corporation
	 	 	 
	 	By:	 
	 	Name:	David
    Chasteen
	 	Title:	Chief
    Executive Officer
	 	 	 
	“EXECUTIVE”	 	 
	 	 
	 	Ryan
    Polk

 

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EXHIBIT
A - AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION, INVENTION ASSIGNMENT AND ARBITRATION AGREEMENT

 

As
a condition of my employment with Cipherloc Corporation, a Texas corporation, and/or any of its subsidiaries, affiliates, partners, successors
or assigns (together the “Company”), and in consideration of my employment with the Company, ten dollars ($10)
and other good and valuable consideration, which I confirm receipt and sufficiency of, and my receipt of the compensation now and hereafter
paid to me by the Company, I (the “Employee”) agree to the following:

 

1.
At-Will Employment.

 

I
understand and acknowledge that, notwithstanding the terms of any employment agreement or understanding between myself and the Company,
my employment with the Company constitutes “at-will” employment. I also understand that any representation
to the contrary is unauthorized and not valid unless obtained in writing and signed by an authorized corporate representative of the
Company. I acknowledge that this employment relationship may be terminated at any time, with or without good cause or for any or no cause,
at the option either of the Company or myself, with or without notice, pursuant to where applicable, the terms and provisions of any
employment agreement or understanding between myself and the Company.

 

2.
Confidential Information.

 

A.
Company Information. I agree at all times during the term of my employment and thereafter, to hold in strictest confidence, and
not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without written authorization of
the Board of Directors of the Company, any Confidential Information of the Company, except under a non-disclosure agreement duly authorized
and executed by the Company. I understand that “Confidential Information” means any non-public information
that relates to the actual or anticipated business or research and development of the Company, technical data, trade secrets or know-how,
including, but not limited to, research, product plans or other information regarding the Company’s products or services and markets
therefor, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I became
acquainted during the term of my employment), software, developments, inventions, processes, formulas, technology, designs, drawings,
engineering, hardware configuration information, marketing, finances or other business information. I further understand that Confidential
Information does not include any of the foregoing items which have become publicly known and made generally available through no wrongful
act of mine or of others who were under confidentiality obligations as to the item or items involved or improvements or new versions
thereof.

 

B.
Former Employer Information. I agree that I will not, during my employment with the Company, improperly use or disclose any proprietary
information or trade secrets of any former or concurrent employer or other person or entity and that I will not bring onto the premises
of the Company any unpublished document or proprietary information belonging to any such employer, person or entity unless consented
to in writing by such employer, person or entity.

 

C.
Third Party Information. I recognize that the Company has received and in the future will receive from third parties their confidential
or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use
it only for certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and
not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out my work for the Company consistent
with the Company’s agreement with such third party.

 

    	Page 1 of 5
AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,
INVENTION ASSIGNMENT, AND ARBITRATION AGREEMENT

     

    

 

3.
Inventions.

 

A.
Inventions Retained and Licensed. I have attached hereto, as Exhibit B, a list describing all inventions, original works
of authorship, developments, improvements, and trade secrets which were made by me prior to my employment with the Company (collectively
referred to as “Prior Inventions”), which belong to me, which relate to the Company’s proposed business,
products or research and development, and which are not assigned to the Company hereunder; or, if no such list is attached, I represent
that there are no such Prior Inventions. If in the course of my employment with the Company, I incorporate into a Company product, process
or service a Prior Invention owned by me or in which I have an interest, I hereby grant to the Company a nonexclusive, royalty-free,
fully paid-up, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or
in connection with such product, process or service, and to practice any method related thereto.

 

B.
Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for the
sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to
any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries, ideas, trademarks or
trade secrets, whether or not patentable or registrable under copyright or similar laws, which I may solely or jointly conceive or develop
or reduce to practice, or cause to be conceived or developed or reduced to practice, during the entire period of time I am in the employ
of the Company (whether before or after the execution of this Agreement) (collectively referred to as “Inventions”).
I further acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of
and during the period of my employment with the Company (whether before or after the execution of this Agreement) and which are protectible
by copyright are “works made for hire,” as that term is defined in the United States Copyright Act. Employee
understands that this means that the Company will have the right to undertake any of the actions set forth in section 106 of the United
States Copyright Act (17 U.S.C. § 106) with respect to such copyrightable works prepared by Employee within the scope of Employee’s
employment. Employee understands that this includes, without limitation, the right to sell, license, use, reproduce and have reproduced,
create derivative works of, distribute, display, transmit and otherwise commercially exploit such copyrightable works by all means without
further compensating the Employee. I understand and agree that the decision whether or not to commercialize or market any invention developed
by me solely or jointly with others is within the Company’s sole discretion and for the Company’s sole benefit and that no
royalty will be due to me as a result of the Company’s efforts to commercialize or market any such invention.

 

C.
Assignment of Other Rights. In addition to the foregoing assignment of Inventions to the Company, Employee hereby irrevocably
transfers and assigns to the Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other
intellectual property rights in any Assigned Inventions; and (ii) any and all “Moral Rights” (as defined below)
that Employee may have in or with respect to any Inventions. Employee also hereby forever waives and agrees never to assert any and all
Moral Rights Employee may have in or with respect to any Inventions, even after termination of Employee’s work on behalf of the
Company. “Moral Rights” means any rights to claim authorship of any Inventions, to object to or prevent the
modification of any Inventions, or to withdraw from circulation or control the publication or distribution of any Inventions, and any
similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not
such right is denominated or generally referred to as a “moral right”.

 

D.
Inventions Assigned to the United States. I agree to assign to the United States government all my right, title, and interest
in and to any and all Inventions whenever such full title is required to be in the United States by a contract between the Company and
the United States or any of its agencies.

 

E.
Maintenance of Records. I agree to keep and maintain adequate and current written records of all Inventions made by me (solely
or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings,
and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company
at all times.

 

    	Page 2 of 5
AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,
INVENTION ASSIGNMENT, AND ARBITRATION AGREEMENT

     

    

 

F.
Patent and Copyright Registrations. I agree to assist the Company, or its designee, at the Company’s expense, in every proper
way to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property
rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with
respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which the Company shall
deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns,
and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights
or other intellectual property rights relating thereto. I further agree that my obligation to execute or cause to be executed, when it
is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable
because of my mental or physical incapacity or for any other reason to secure my signature to apply for or to pursue any application
for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the
Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent
and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted
acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect
as if executed by me.

 

4.
Conflicting Employment. I agree that, during the term of my employment with the Company, I will not engage in any other employment,
occupation or consulting directly related to the business in which the Company is now involved or becomes involved during the term of
my employment, nor will I engage in any other activities that conflict with my obligations to the Company. For the avoidance of doubt,
my involvement with RealCISO and Side Channel, as previously disclosed to the Company and Board does not violate this Section 4.

 

5.
Returning Company Documents. I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and
will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of
any aforementioned items developed by me pursuant to my employment with the Company or otherwise belonging to the Company, its successors
or assigns, including, without limitation, those records maintained pursuant to Section 3.E. In the event of the termination of
my employment, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit C.

 

6.
Notification of New Employer. In the event that I leave the employ of the Company, I hereby grant consent to notification by the
Company to my new employer about my rights and obligations under this Agreement.

 

7.
Solicitation of Employees. I agree that for a period of twelve (12) months immediately following the termination of my relationship
with the Company for any reason, whether with or without cause, I will not either directly or indirectly solicit, induce, recruit or
encourage any of the Company’s employees to leave their employment or the Company’s customers to remove or reduce their business
with the Company, or take away such employees or customers, or attempt to solicit, induce, recruit, encourage or take away employees
or customers of the Company, either for myself or for any other person or entity.

 

8.
Conflict of Interest Guidelines. I agree to diligently adhere to the Conflict of Interest Guidelines attached as Exhibit C
hereto.

 

9.
Representations. I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement.
I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information
acquired by me in confidence or in trust prior to my employment by the Company. I hereby represent and warrant that I have not entered
into, and I will not enter into, any oral or written agreement in conflict herewith.

 

10.
Arbitration and Equitable Relief.

 

A.
Arbitration. In consideration of my employment with the Company, its promise to arbitrate all employment-related disputes and
my receipt of the compensation, pay raises and other benefits paid to me by the Company, at present and in the future, I agree that any
and all controversies, claims, or disputes with anyone (including the Company and any employee, officer, director, stockholder or benefit
plan of the Company in their capacity as such or otherwise) arising out of, relating to, or resulting from my employment with the Company
or the termination of my employment with the Company, including any breach of this Agreement, will be subject to binding arbitration,
to the fullest extent permitted by law. Disputes which I agree to arbitrate, and thereby agree to waive any right to a trial by jury,
include any statutory claims under state or federal law, including, but not limited to, claims under Title VII of the Civil Rights Act
of 1964, the Americans with Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection
Act, claims of harassment, discrimination or wrongful termination and any statutory claims. I further understand that this agreement
to arbitrate also applies to any disputes that the Company may have with me.

 

    	Page 3 of 5
AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,
INVENTION ASSIGNMENT, AND ARBITRATION AGREEMENT

     

    

 

B.
Procedure. I agree that any arbitration will be administered by the American Arbitration Association (“AAA”)
and that the neutral arbitrator will be selected in a manner consistent with its national rules for the resolution of employment disputes.
I agree that the arbitrator will have the power to decide any motions brought by any party to the arbitration, including motions for
summary judgment and/or adjudication and motions to dismiss and demurrers, prior to any arbitration hearing. I also agree that the arbitrator
will have the power to award any remedies, including attorneys’ fees and costs, available under applicable law. I understand the
Company will pay for any administrative or hearing fees charged by the arbitrator or AAA except that I will pay the first $200.00 of
any filing fees associated with any arbitration I initiate. I agree that the arbitrator will administer and conduct any arbitration in
a manner consistent with AAA’s national rules, to the extent that the AAA’s national rules for the resolution of employment
disputes do not conflict with applicable law. I agree that the decision of the arbitrator will be in writing. Any procedure for remedying
disputes as set forth in any employment agreement or understanding between myself and the Company shall supersede and take precedence
over the Procedure set forth in this Section 10.B.

 

C.
Remedy. Except as provided by law and this Agreement (or provided for in any employment agreement or understanding between myself
and the Company), arbitration will be the sole, exclusive and final remedy for any dispute between me and the Company. Accordingly, except
as provided for by law and this Agreement, neither I nor the Company will be permitted to pursue court action regarding claims that are
subject to arbitration. Notwithstanding, the arbitrator will not have the authority to disregard or refuse to enforce any lawful Company
policy, and the arbitrator will not order or require the Company to adopt a policy not otherwise required by law which the Company has
not adopted.

 

D.
Availability of Injunctive Relief. In addition to any right under applicable law that the Company or I may have to petition a
court of competent jurisdiction for provisional relief, I agree that any party may also petition the arbitrator for provisional injunctive
relief where either party alleges or claims a violation of the employment, confidential information, invention assignment agreement between
me and the Company or any other agreement regarding trade secrets, confidential information, or non-solicitation. I understand that any
breach or threatened breach of such an agreement will cause irreparable injury and that money damages will not provide an adequate remedy
therefor and both parties hereby consent to the issuance of an injunction. In the event either party seeks injunctive relief, the prevailing
party will be entitled to recover reasonable costs and attorneys’ fees.

 

E.
Administrative Relief. I understand that this Agreement does not prohibit me from pursuing an administrative claim with a local,
state or federal administrative body. This Agreement does, however, preclude me from pursuing court action regarding any such claim.

 

F.
Voluntary Nature of Agreement. I acknowledge and agree that I am executing this Agreement voluntarily and without any duress or
undue influence by the Company or anyone else. I further acknowledge and agree that I have carefully read this Agreement and that I have
asked any questions needed for me to understand the terms, consequences and binding effect of this Agreement and fully understand it,
including that I AM WAIVING MY RIGHT TO A JURY TRIAL. Finally, I agree that I have been provided an opportunity to seek the advice
of an attorney of my choice before signing this Agreement.

 

11.
General Provisions.

 

A.
Governing Law, Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of Texas. I hereby expressly
consent to the personal jurisdiction of the state and federal courts located in Texas for any lawsuit filed there against me by the Company
arising from or relating to this Agreement.

 

    	Page 4 of 5
AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,
INVENTION ASSIGNMENT, AND ARBITRATION AGREEMENT

     

    

 

B.
Entire Agreement. This Agreement, along with my offer letter of employment (if any), employment agreement or understanding, sets
forth the entire agreement and understanding between the Company and me relating to the subject matter herein and supersedes all prior
discussions or representations between us including, but not limited to, any representations made during my interview(s) or relocation
negotiations, whether written or oral. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement,
will be effective unless in writing signed by an authorized officer of the Company (other than me) and me. Any subsequent change or changes
in my duties, salary or compensation will not affect the validity or scope of this Agreement. This Agreement prevails and supersedes
in the event there is any inconsistency between this Agreement and any other offer letter, unless the offer letter expressly provides
otherwise. The terms of this Agreement shall supersede and amend, effective as of the date hereof, any prior At Will Employment, Confidential
Information, Invention Assignment and Arbitration Agreement entered into by the Employee in favor of the Company, provided that such
prior At Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement shall continue to bind the Employee
and be enforceable by the Company against the Employee for all actions, events, occurrences and other matters between the date hereof
through the date of this Agreement below. The terms of any employment agreement or understanding between myself and the Company shall
prevails and supersede, where and to the extent applicable, in the event there is any inconsistency between this Agreement and such employment
agreement or understanding, unless the employment agreement or understanding expressly provides otherwise.

 

C.
Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue
in full force and effect.

 

D.
Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives
and will be for the benefit of the Company, its successors, and its assigns.

 

	Date:	
	 	Signature
	 	 
	 	Ryan
    Polk

 

    	Page 5 of 5
AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,
INVENTION ASSIGNMENT, AND ARBITRATION AGREEMENT

     

    

 

 

EXHIBIT
B - LIST OF PRIOR INVENTIONS AND ORIGINAL WORKS OF AUTHORSHIP

 

	Title
	 	Date
	 	Identifying
                                            Number

                                            or Brief Description

	 	 	 	 	 
	None	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Signature
of Employee:

 

Print
Name of Employee: Ryan Polk

 

Date:

 

    	 

     

    

 

EXHIBIT
C - TERMINATION CERTIFICATION

 

Employee
Initials to acknowledge receipt at time of hiring ______

 

This
is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions
of any aforementioned items belonging to Cipherloc Corporation, a Texas corporation, and/or its subsidiaries, affiliates, partners, predecessors,
successors or assigns (together, the “Company”).

 

I
further certify that I have complied with all the terms of the Company’s At-Will Employment, Confidential Information, Invention
Assignment and Arbitration Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined
therein), conceived or made by me (solely or jointly with others) covered by that agreement.

 

I
further agree that, in compliance with the At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement,
I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products,
processes, know-how, designs, formulas, developmental or experimental work, computer programs, data bases, other original works of authorship,
customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its
employees, clients, consultants or licensees.

 

I
agree that for a period of twelve (12) months immediately following the termination of my relationship with the Company for any reason,
whether with or without cause, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s
employees to leave their employment or customers to remove or reduce their business with, or take away such employees or customers, or
attempt to solicit, induce, recruit, encourage or take away employees or customers of the Company, either for myself or for any other
person or entity.

 

 

	Date:	 
	 	(Employee’s
    Signature)
	 	 
	 	Ryan
    Polk

 

    	 

     

    

 

EXHIBIT
D - CONFLICT OF INTEREST GUIDELINES

 

Employee
Initials to acknowledge receipt at time of hiring ______

 

It
is the policy of Cipherloc Corporation, a Texas corporation (the “Company”) to conduct its affairs in strict
compliance with the letter and spirit of the law and to adhere to the highest principles of business ethics. Accordingly, all officers,
employees and independent contractors must avoid activities which are in conflict, or give the appearance of being in conflict, with
these principles and with the interests of the Company. The following are potentially compromising situations which must be avoided.
Any exceptions must be reported to an authorized officer of the Company (other than me) and written approval for continuation must be
obtained.

 

1.
Revealing confidential information to outsiders or misusing confidential information. Unauthorized divulging of information is a violation
of this policy whether or not for personal gain and whether or not harm to the Company is intended. (The At-Will Employment, Confidential
Information, Invention Assignment and Arbitration Agreement elaborates on this principle and is binding).

 

2.
Accepting or offering substantial gifts, excessive entertainment, favors or payments which may be deemed to constitute undue influence
or otherwise be improper or embarrassing to the Company.

 

3.
Participating in civic or professional organizations that might involve divulging confidential information of the Company.

 

4.
Initiating or approving personnel actions affecting reward or punishment of employees or applicants where there is a family relationship
or is or appears to be a personal or social involvement.

 

5.
Initiating or approving any form of personal or social harassment of employees.

 

6.
Investing or holding outside directorship in suppliers, customers, or competing companies, including financial speculations, where such
investment or directorship might influence in any manner a decision or course of action of the Company.

 

7.
Borrowing from or lending to employees, customers or suppliers.

 

8.
Acquiring real estate of interest to the Company.

 

9.
Improperly using or disclosing to the Company any proprietary information or trade secrets of any former or concurrent employer or other
person or entity with whom obligations of confidentiality exist.

 

10.
Unlawfully discussing prices, costs, customers, sales or markets with competing companies or their employees.

 

11.
Making any unlawful agreement with distributors with respect to prices.

 

12.
Improperly using or authorizing the use of any inventions which are the subject of patent claims of any other person or entity.

 

13.
Engaging in any conduct which is not in the best interest of the Company.

 

Each
officer, employee and independent contractor must take every necessary action to ensure compliance with these guidelines and to bring
problem areas to the attention of higher management for review. Violations of this conflict of interest policy may result in discharge
without warning.

 

    	 

     

    

 

EXHIBIT
E - RESTRICTED STOCK GRANT AGREEMENT

 

Employee
Initials to acknowledge receipt at time of hiring ______

 

CIPHERLOC
CORPORATION

RESTRICTED STOCK UNIT AWARD GRANT NOTICE

(2021 Omnibus Equity Incentive Plan)

 

As
a key leader in our business, you are in a position to have significant influence on the performance and success of CipherLoc Corporation
(the “Company”). I am pleased to inform you that, in recognition of the role you play in our collective success, you
have been granted a Restricted Stock Unit Award. This award is subject to the terms and conditions of the CipherLoc Corporation 2021
Omnibus Equity Incentive Plan (the “Plan”), this Grant Notice, and the following Restricted Stock Unit Agreement.
Notwithstanding the foregoing, this Restricted Stock Unit Award shall only become effective, and shall be deemed made, at the time the
Plan becomes effective pursuant to its terms (i.e., upon the approval of the Plan by the Company’s stockholders). The details of
this award are indicated below.

 

	Grantee:	[___]	 
	Date
    of Grant:	 	 
	Number
    of Restricted Stock Units:	[___]	 
	Vesting
    Commencement Date:	 	 
	Vesting:	[___]	 
	Delivery
    Dates:	[___]	 

 

	Name:_______
	Title:________
	 
	Acknowledged
    and Agreed as of ____ day of ______, ______.
	Name:
    ____________________________________

 

    	 

     

    

 

RESTRICTED
STOCK UNIT AWARD AGREEMENT

 

THIS
RESTRICTED STOCK UNIT AWARD AGREEMENT (together with the above grant notice (the “Grant Notice”), this “Agreement”)
is made and entered into as of the date set forth on the Grant Notice by and between the Company and the individual (the “Grantee”)
set forth on the Grant Notice. Notwithstanding the foregoing, this Agreement shall only become effective, and shall be deemed made, at
the time the Plan becomes effective pursuant to its terms (i.e., upon the approval of the Plan by the Company’s stockholders).

 

WHEREAS,
pursuant to the CipherLoc Corporation 2021 Omnibus Equity Incentive Plan (the “Plan”), the Administrator (the “Administrator”)
has determined that it is to the advantage and best interest of the Company to grant to the Grantee this award of Restricted Stock Units
(the “Restricted Stock Units”) as set forth in the Grant Notice and subject to the terms and provisions of the Plan,
which is incorporated herein by reference, and this Agreement (the “Award”).

 

NOW,
THEREFORE, in consideration of the mutual agreements contained herein, the Grantee and the Company hereby agree as follows:

 

1.
Acceptance of Agreement. Grantee has reviewed all of the provisions of the Plan, the Grant Notice and this Restricted Stock
Unit Award Agreement. By accepting this Award, Grantee agrees that this Award is granted under and governed by the terms and conditions
of the Plan, the Grant Notice and this Restricted Stock Unit Award Agreement, and the applicable provisions contained in a written employment
agreement (if any) between the Company or an Affiliate and the Grantee. Grantee hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Administrator on questions relating to the Plan, the Grant Notice, this Agreement and, solely
in so far as they relate to this Award, the applicable provisions contained in a written employment agreement (if any) between the Company
or an Affiliate and the Grantee. If Grantee signs this Agreement and Grant Notice electronically, Grantee’s electronic signature
of this Agreement shall have the same validity and effect as a signature affixed by hand.

 

2.
Grant of Award. The Restricted Stock Units granted hereunder pursuant to Section 9 of the Plan shall be subject to the terms
and provisions of the Plan, and all capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Plan.
For purposes of this Agreement, “Termination” shall mean the termination of the employment or provision of services
of the Grantee with the Company and all Affiliates thereof (including because of the Grantee’s employer ceasing to be an Affiliate
of the Company); and “Termination Date” shall mean the date of the Termination. For purposes of this Agreement, Termination
will not occur when Grantee goes on a military leave, a sick leave or another bona fide leave of absence that was approved by the Company
in writing if the terms of the leave provide for continued service crediting, or when continued service crediting is required by Applicable
Laws. Notwithstanding the foregoing, an approved leave of absence for six months or less, which does not in fact exceed six months, will
not result in Termination for purposes of this Agreement. However, Termination will occur when approved leave described in this Section
2 ends, unless Grantee immediately returns to active work. Grantee shall be entitled to receive dividends declared during the Restricted
Period with respect to the number of Shares covered by Restricted Stock Units, which dividends will be paid to Grantee at the time (and
to the extent) Shares in respect of the related Restricted Stock Units are delivered to the Grantee under the terms of this Agreement.

 

    	 

     

    

 

3. Vesting.

 

3.1
Subject to the provisions of the Plan and Section 3.2 of this Agreement, and except as otherwise provided in a written employment
agreement between the Company or an Affiliate and the Grantee (if any), the Restricted Stock Units shall vest in installments as described
in the Grant Notice (each applicable vesting date, a “Vesting Date”), subject to the Grantee not experiencing a Termination
prior to each applicable Vesting Date.

 

3.2
If the Grantee experiences a Termination for any reason other than due to death or Disability following the first anniversary of
the Date of Grant, but prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted
Stock Units. [If the Grantee experiences a Termination due to death or Disability following the first anniversary of the Date of Grant,
but prior to an applicable Vesting Date, all then-unvested Restricted Stock Units which could by their terms otherwise become vested
during the 90-day period following such Termination will remain outstanding for 90 days (and all other Restricted Stock Units will become
forfeited on the date of such Termination). Any such unvested Restricted Stock Units which do not become vested during such 90-day period
will be forfeited upon expiration of such 90-day period.]

 

4.
Transfer and Settlement of Restricted Stock Units. The Restricted Stock Units issued under this Agreement may not be sold,
transferred or otherwise disposed of and may not be pledged or otherwise hypothecated (each, a “Transfer”). In addition,
Grantee shall not sell any Shares received with respect to Restricted Stock Units (even following settlement of Restricted Stock Units)
at a time when Applicable Laws, regulations or Company’s or underwriter trading policies prohibit such sale. The applicable portion
of this Award (to the extent vested) shall be settled by the Company by the issuance and delivery of Shares as soon as reasonably practical
after (but no later than 60 days after) the Delivery Dates, as indicated in the Grant Notice, to the Grantee (or if applicable, the beneficiaries
of the Grantee). Any issuance of Shares shall be made only in whole Shares, and any fractional shares shall be distributed in an equivalent
cash amount.

 

5.
General.

 

5.1
Governing Law. This Agreement shall be governed by and construed under the laws of the State of Texas.

 

5.2
Community Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes of this
Agreement, the Grantee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect
to this Award and the parties hereto shall act in all matters as if the Grantee was the sole owner of this Award. This appointment is
coupled with an interest and is irrevocable.

 

    	 

     

    

 

5.3
No Employment Rights. Nothing contained herein shall be construed as an agreement by the Company or any of its subsidiaries,
express or implied, to employ the Grantee or contract for the Grantee’s services, to restrict the Company’s or such subsidiary’s
right to discharge the Grantee or cease contracting for the Grantee’s services or to modify, extend or otherwise affect in any
manner whatsoever the terms of any employment agreement or contract for services which may exist between the Grantee and the Company
or any Affiliate.

 

5.4
Application to Other Stock. In the event any capital stock of the Company or any other corporation shall be distributed on,
with respect to or in exchange for Shares underlying Restricted Stock Units as a stock dividend, stock split, reclassification, recapitalization
or similar transaction in connection with any merger or reorganization or otherwise, all restrictions, rights and obligations set forth
in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have been applicable,
to the Shares underlying Restricted Stock Units on or with respect to which such other capital stock was distributed, and references
to “Company” in respect of such distributed stock shall be deemed to refer to the company to which such distributed stock
relates.

 

5.5
No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of the provisions of this Agreement
shall be for the benefit of, or enforceable by, any third-party beneficiary.

 

5.6
Successors and Assigns. Except as provided herein to the contrary, this Agreement shall be binding upon and inure to the benefit
of the parties, their respective successors and permitted assigns.

 

5.7
No Assignment. Except as otherwise provided in this Agreement, the Grantee may not assign any of his or her rights under this
Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be
permitted to assign its rights or obligations under this Agreement so long as such assignee agrees to perform all of the Company’s
obligations hereunder.

 

5.8
Severability. The validity, legality or enforceability of the remainder of this Agreement shall not be affected even if one
or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable in any respect.

 

5.9
Equitable Relief. The Grantee acknowledges that, in the event of a threatened or actual breach of any of the provisions of
this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury
and damage. Accordingly, the Grantee agrees that the Company shall be entitled to injunctive and other equitable relief, and that such
relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement.

 

5.10
Jurisdiction. Any suit, action or proceeding with respect to this Agreement, or any judgment entered by any court in respect
of any thereof, shall be brought in any court of competent jurisdiction in the State of Texas, and the Company and the Grantee hereby
submit to the exclusive jurisdiction of such courts for the purpose of any such suit, action, proceeding or judgment. The Grantee and
the Company hereby irrevocably waive (i) any objections which it may now or hereafter have to the laying of the venue of any suit, action
or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of Texas and (ii)
any claim that any such suit, action or proceeding brought in any such court has been brought in any inconvenient forum.

 

    	 

     

    

 

5.11
Taxes. By agreeing to this Agreement, the Grantee represents that he or she has reviewed with his or her own tax advisors
the federal, state, local and foreign tax consequences of the transactions contemplated by this Agreement and that he or she is relying
solely on such advisors and not on any statements or representations of the Company or any of its agents. The Company shall be entitled
to require a cash payment by or on behalf of the Grantee and/or to deduct from the Shares or cash issuable hereunder or from other compensation
payable to the Grantee the minimum amount of any sums required by federal, state or local tax law to be withheld (or other such sums
that that will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules promulgated
by the Internal Revenue Service or another applicable governmental entity) with respect to the Restricted Stock Unit Award.

 

5.12
Section 409A Compliance. The intent of the parties is that payments and benefits under this Agreement comply with Section
409A of Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and
be administered to be in compliance therewith. Notwithstanding anything contained herein to the contrary, to the extent required to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code, the Grantee shall not be considered to have separated from
service with the Company for purposes of this Agreement and no payment shall be due to the Grantee under this Agreement on account of
a separation from service until the Grantee would be considered to have incurred a “separation from service” from the Company
within the meaning of Section 409A of the Code. Any payments described in this Agreement that are due within the “short-term deferral
period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise.
Notwithstanding anything to the contrary in this Agreement, to the extent that any amounts are payable upon a separation from service
and such payment would result in accelerated taxation and/or tax penalties under Section 409A of the Code, such payment, under this Agreement
or any other agreement of the Company, shall be made on the first business day after the date that is six (6) months following such separation
from service (or death, if earlier). The Company makes no representation that any or all of the payments described in this Agreement
will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying
to any such payment. If it is determined that the terms of this Agreement have been structured in a manner that would result in adverse
tax treatment under Section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement
to minimize or avoid such adverse tax treatment without materially impairing Grantee’s economic rights. The Grantee shall be solely
responsible for the payment of any taxes and penalties incurred under Section 409A.

 

5.13
Headings. The section headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit,
extend or interpret the scope of this Agreement or of any particular section.

 

    	 

     

    

 

5.14
Number and Gender. Throughout this Agreement, as the context may require, (a) the masculine gender includes the feminine and
the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the plural tense
and number includes the singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to
parties, sections, paragraphs and exhibits mean the parties, sections, paragraphs and exhibits of and to this Agreement; and (e) periods
of days, weeks or months mean calendar days, weeks or months.

 

5.15
Electronic Delivery and Disclosure. The Company may, in its sole discretion, decide to deliver or disclose, as applicable,
any documents related to this Award granted under the Plan, future awards that may be granted under the Plan, the prospectus related
to the Plan, the Company’s annual reports or proxy statements by electronic means or to request Grantee’s consent to participate
in the Plan by electronic means, including, but not limited to, the Securities and Exchange Commission’s Electronic Data Gathering,
Analysis, and Retrieval system or any successor system (“EDGAR”). Grantee hereby consents to receive such documents
delivered electronically or to retrieve such documents furnished electronically (including on EDGAR), as applicable, and agrees to participate
in the Plan through any online or electronic system established and maintained by the Company or another third party designated by the
Company.

 

5.16
Data Privacy. Grantee agrees that all of Grantee’s information that is described or referenced in this Agreement and
the Plan may be used by the Company, its affiliates and the designated broker and its affiliates to administer and manage Grantee’s
participation in the Plan.

 

5.17
Acknowledgments of Grantee. Grantee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and this Agreement and,
by accepting the Grant Notice, acknowledges and agrees to all of the provisions of the Plan and this Agreement.

 

5.18
Complete Agreement. The Grant Notice, this Agreement, the Plan and applicable provisions (if any) contained in a written employment
agreement between the Company or an Affiliate and the Grantee constitute the parties’ entire agreement with respect to the subject
matter hereof and supersede all agreements, representations, warranties, statements, promises and understandings, whether oral or written,
with respect to the subject matter hereof.

 

5.19
Waiver of Jury Trial. TO THE EXTENT EITHER PARTY INITIATES LITIGATION INVOLVING THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP
BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY
JURY. THIS WAIVER WILL APPLY TO ALL CAUSES OF ACTION THAT ARE OR MIGHT BE INCLUDED IN SUCH ACTION, INCLUDING CLAIMS RELATED TO THE ENFORCEMENT
OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION, OR SIMILAR CAUSES
OF ACTION, AND IN CONNECTION WITH ANY LEGAL ACTION INITIATED FOR THE RECOVERY OF DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY
OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS.

 

    	 

     

    

 

5.20
Waiver. The Grantee acknowledges that a waiver by the Company of a breach of any provision of this Agreement shall not operate
or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Grantee.

 

5.21
Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.

 

5.22
Amendments and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended, altered
or terminated at any time or from time to time by the Administrator or the Board, but no amendment, alteration or termination shall be
made that would materially impair the rights of a Grantee under this Restricted Stock Unit Award Agreement without such Grantee’s
consent.

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