Document:

Exhibit 10.85

 

Amendment #1 to

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Amendment (“Swanback Amendment 1”) to the Executive
Employment Agreement (“Agreement”) by and between TTEC Services Corporation (“TTEC” or the “Company”),
a wholly owned subsidiary of TTEC Holdings, Inc. (“TTEC Parent”) and Michelle “Shelly” Swanback ("Executive"
or “Swanback”) is executed to be effective as of January 1, 2023 (“Effective Date”).

 

WHEREAS,
in May 2022, the Company and Ms. Swanback entered into the Agreement in connection with her employment with the Company as Chief
Executive Officer of TTEC Engage (“Current Role”);

 

WHEREAS,
TTEC Parent decided to augment Ms. Swanback’s responsibilities beyond her Current Role and appoint her as President of TTEC
Holdings, Inc., with expanded responsibilities for TTEC Parent as a whole, in addition to her Current Role;

 

WHEREAS,
the Company determined that the terms the Agreement should be modified to reflect Ms. Swanback’s expanded role;

 

NOW, THEREFORE,
the Agreement is hereby amended as outlined below (all capitalized terms used in this Amendment and not otherwise defined in this document,
have the meaning ascribed to them in the Agreement).

 

		1.	Paragraph
1(a) of the Agreement shall be amended as follows.

 

“As
of October 25, 2022, Swanback’s role with the Company was expanded to include responsibilities of the President,
TTEC Holdings, Inc. Ms. Swanback shall hold that role and related responsibilities in addition to her role as Chief Executive
Officer for TTEC Engage business segment. In this expanded role, Ms. Swanback will continue to have P&L responsibilities for
TTEC Engage business segment, and will also have the overarching responsibilities for TTEC Holdings, Inc.’s P&L, operations,
and corporate functions.”

 

All other provisions of Paragraph 1(a) shall remain
as stated in the Agreement.

 

		2.	Paragraphs 2(a) through 2(c) of the Agreement shall
be amended as follows:

 

		•	As of January 1, 2023, Swanback’s Base Salary shall change from
$625,000 to $700,000 per year.

 

		•	Starting with the 2023 performance year, Ms. Swanback’s VIP opportunity
shall be adjusted to 100% of her Base Salary.

 

		•	Starting with the 2023 performance year, Ms. Swanback shall be eligible
for an annual RSU equity grant opportunity and annual PRSU equity grant opportunity of up to $1,250,000, each.

 

All other provisions of Paragraphs 2(a) through (c) shall
remain as stated in the Agreement.

 

		3.	Paragraph 2(d) of
the Agreement shall be amended as follows:

 

“The Executive’s actual annual VIP and periodic
equity awards are discretionary and are not guaranteed. They are based on a combination of metrics reflecting targets and goals of TTEC
Parent, as set-out annually and approved by TTEC CEO and the Board. At present these metrics for the Executive include the (i) TTEC-wide
results of operations, including the annual budget and management plan; (ii) targets specific to TTEC Engage business segment, including
the annual budget and the management plan; (iii) targets specific to TTEC corporate functions; (iv) Executive’s individual
performance against targets set-out by TTEC CEO and the Board; and (v) the Executive’s compliance with the guidelines for TTEC
employees’ conduct outlined in TTEC’s Ethics Code. The metrics may change from time to time as determined by the Compensation
Committee of the Board.”

 

All other provisions of Paragraph 2(d) shall remain
as stated in the Agreement.

 

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		4.	Paragraph 2(e) of the Agreement shall be amended as follows:

 

“The VC-PRSU award will cliff-vest in 2026, based
on TTEC Parent’s performance during 2025 fiscal year. The actual number of TTEC shares that will vest in connection with this VC-PRSU
award will depend on TTEC Parent’s 2025 revenue and adjusted EBITDA and may range between zero and 150,000 shares (200% of the initial
grant) in TTEC stock.”

 

All other provisions of Paragraph 2(e) shall remain
as stated in the Agreement.

 

		5.	Add Paragraph 2(j) of
the Agreement to read as follows:

 

“ One-Time
Retention Equity Grants. As a retention incentive, the Company also agreed to provide Ms. Swanback, in March 2023,
a one-time $2 million RSU equity grant, vesting in equal installments over a five year period; and $2 million in PRSUs, subject to a 3-year
cliff vesting period with the actual value of the award to be determined based on the Company’s performance in 2025.

 

The RSUs/PRSUs will be granted under the terms of grant-specific
Equity Agreements. These Equity Agreements will provide specific vesting schedules, performance metrics, if any, and other material terms
of each grant.”

 

	Executive	TTEC Services Corporation
	 	 
	[Signature on file]	 	[Signature on file]
	 	 	 
	Michelle “Shelly” Swanback	 	Michael P. Wellman,
    TTEC Chief People Officer  
	 	 
	Date:    January 6,
    2023	Date:    January 6,
    2023

 

    2Exhibit 10.87

 

Amendment
#1 to

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This Amendment
(“Semach Amendment 1”) to the Executive Employment Agreement (“Agreement”) by and between TTEC Services Corporation
(“TTEC” or the “Company”), a wholly owned subsidiary of TTEC Holdings, Inc. (“TTEC Parent”)
and Dustin J. Semach ("Executive") is executed to be effective as of January 1, 2023 (“Effective Date”).

 

WHEREAS,
in September 2021, the Company and Mr. Semach entered into the Agreement in connection with his employment with the Company
as Chief Financial Officer of TTEC Parent;

 

WHEREAS,
Mr. Semach’s responsibilities as the Chief Financial Officer expanded in 2022 to include various functions previously overseen
by TTEC chief operating officer;

 

WHEREAS,
the Company determined that the terms of the Agreement should be modified to reflect Mr. Semach’s expanded role;

 

NOW,
THEREFORE, the Agreement is hereby amended as outlined below (all
capitalized terms used in this Amendment and not otherwise defined in this document, have the meaning ascribed to them in the Agreement).

 

		1.	Paragraphs
                                            2(a) through 2(c) of
                                            the Agreement shall be amended as follows:

 

		•	As
                                            of January 1, 2023, Executive’s Base Salary shall change from $400,000 to $500,000
                                            per year.

 

		•	Starting
                                            with the 2023 performance year, Executive’s VIP opportunity shall be adjusted to 100%
                                            of his Base Salary.

 

		•	Starting
                                            with the 2023 performance year, Executive shall be eligible for an annual RSU equity grant
                                            opportunity and annual PRSU equity grant opportunity of $600,000, each.

 

All
other provisions of Paragraphs 2(a) through (c) shall remain as stated in the Agreement.

 

		2.	Add
Paragraph 2(h) of the Agreement to read as follows:

 

“
One-Time Retention Equity Grants. As a retention incentive,
the Company also agreed to provide Executive, in March 2023, a one-time $1.25 million RSU equity grant, vesting in equal installments
over a five year period; and $1.25 million in PRSUs, subject to a 3-year cliff vesting period with the actual value of the award to be
determined based on the Company’s performance in 2025.

 

The
RSUs/PRSUs will be granted under the terms of the grant-specific Equity Agreements. These Equity Agreements will provide specific vesting
schedules, performance metrics, if any, and other material terms of each grant.”

 

	Executive	TTEC Services Corporation
	 	 
	[Signature on File]	 	[Signature on File]
	 	 	 
	Dustin J. Semach	 	Michael P. Wellman,
    TTEC Chief People Officer  
	 	 
	Date:    January 6,
    2023	Date:    January 6,
    2023

 

    1Exhibit
10.11

 

JOINDER
AND FIRST AMENDMENT

TO

SECURITY AGREEMENT

 

THIS
JOINDER AND FIRST AMENDMENT TO SECURITY AGREEMENT (this “Amendment”), dated effective as of the Original Issue Date
(as defined in the New Notes (as defined below)) (the “Effective Date”), is made by and among SONDORS Inc., a Delaware
corporation (the “Company”), each such holder of New Notes (the “New Secured Parties”), and Falcon
Capital Partners Limited (the “Agent”).

 

RECITALS
:

 

A.
The Company, the Agent and the holders (the “Existing Secured Parties”) of those certain 10% Senior Secured Original
Issue Discount Convertible Notes with an original issue date of August 16, 2022 and September 1, 2022 issued by the Company in favor
of the Existing Secured Parties (the “Original Notes”) previously entered into that certain Security Agreement dated
effective as of August 16, 2022 or September 1, 2022, as the case may be, by and among the Company, the Agent and the Existing Secured
Parties (the “Security Agreement”).

 

B.
The Company and the Agent desire to amend the Security Agreement in accordance with Section 16(c) of the Security Agreement by adding
a definition of Notes to include the Original Notes and those certain 10% Senior Secured Original Issue Discount Convertible Notes with
an original issue date of December 2022 to be issued by the Company in favor of the New Secured Parties (the “New Notes”).

 

C.
By executing this Amendment, each New Secured Party shall join the Security Agreement, as amended by this Amendment, as a “Secured
Party” thereunder.

 

NOW,
THEREFORE, in consideration of the agreements herein contained and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

1.
Definitions. Capitalized terms used and not defined in this Amendment shall have the respective meanings given them in the Security
Agreement.

 

2.
Amendment to Security Agreement. Section 1 of the Security Agreement is hereby amended by inserting the following new defined
term in the appropriate alphabetical order:

 

““Notes”
means, collectively, those certain (i) 10% Senior Secured Original Issue Discount Convertible Notes dated August 16, 2022 issued by the
Company in favor of the holders party thereto, (ii) 10% Senior Secured Original Issue Discount Convertible Notes dated September 1, 2022
issued by the Company in favor of the holders party thereto and (iii) 10% Senior Secured Original Issue Discount Convertible Notes dated
December 2022 issued by the Company in favor of the holders party thereto.”

 

    	 

     

    

 

3.
Joinder of New Secured Parties. Each New Secured Party, by its signature below, hereby (a) agrees to become a “Secured Party”
under the Security Agreement, as amended by this Amendment, with the same force and effect as if originally named therein as a “Secured
Party”, (b) agrees to all of the terms and provisions of the Security Agreement, as amended by this Amendment, applicable to it
as a “Secured Party” thereunder and (c) ratifies any and all financing statements or amendments previously filed by the Agent
in any jurisdiction in connection with the Security Agreement, as amended by this Amendment, or the transactions contemplated thereby.

 

4.
Conditions to Effectiveness. The effectiveness of this Amendment shall be subject to the receipt by the Company and the Agent
of an original (or electronic copy) of this Amendment duly authorized, executed and delivered by the New Secured Parties.

 

5.
Effect of this Amendment. Except as modified pursuant hereto, no other changes or modifications to the Security Agreement are
intended or implied and in all other respects the Security Agreement is hereby specifically ratified, restated and confirmed by all parties
hereto as of the date hereof. To the extent of a conflict between the terms of this Amendment, on the one hand, and the Security Agreement,
on the other hand, the terms of this Amendment shall control.

 

6.
Further Assurances. Each party shall take such further action and execute and deliver such further documents as may be necessary
or appropriate in order to carry out the provisions and purposes of this Amendment, including delivery of a copy of the form of Security
Agreement to each New Secured Party.

 

7.
Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective
successors and assigns.

 

8.
Governing Law. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined
in accordance with the internal laws of the State of California (without giving effect to principles of conflict of laws).

 

9.
Counterparts. This Amendment and any notices delivered under this Amendment may be executed by means of (a) an electronic signature,
including by means of DocuSign; (b) an original manual signature; or (c) a faxed, scanned or photocopied manual signature. Each electronic
signature or faxed, scanned or photocopied manual signature shall for all purposes have the same validity, legal effect and admissibility
in evidence as an original manual signature. This Amendment and any notices delivered under this Amendment may be executed in any number
of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute only one instrument.
Delivery of an executed counterpart of a signature page of this Amendment and any notices as set forth herein will be as effective as
delivery of a manually executed counterpart of this Amendment or notice.

 

[Remainder
of page intentionally left blank]

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Joinder and First Amendment to Security Agreement to be duly executed effective
as of the Effective Date.

 

	COMPANY:	SONDORS
                                            Inc., a Delaware corporation
	 	 
	 	By:	 
	 	 	Storm
               Sondors, CEO and Secretary
	 	 	 
	 	Address:	23823
               Malibu Road, Suite 50 #129
	 	 	Malibu,
               CA 90265
	 	Email:	storm@sondors.com

 

	AGENT:	Falcon
                                            Capital Partners Limited
	 	 
	 	By:	 
	 	 	Wil
               Rondini, President
	 	 	 
	 	Address:	Room
               501, the Lucky Building
	 	 	39
               Wellington Street
	 	 	Central,
               Hong Kong
	 	Email:	wil@falcon-capital.com

 

[SIGNATURE
PAGE OF NEW SECURED PARTIES FOLLOWS]

 

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SIGNATURE
PAGE OF NEW SECURED PARTIES TO SONDORS INC.

JOINDER
AND FIRST AMENDMENT

TO

SECURITY
AGREEMENT

 

Name
of New Secured Party:                                                                                                                                                                 

 

Signature
of New Secured Party (or Authorized Signatory if an entity):                                                                                              

 

Name
of Authorized Signatory (if an entity):                                                                                                                                        

 

Title
of Authorized Signatory (if an entity):                                                                                                                                          

 

Address
of New Secured Party:                                                                                                                                                             

 

Email
Address of New Secured Party:                                                                                                                                                   

 

Facsimile
Number of New Secured Party:                                                                                                                                             

 

Dated:
Effective as of the Effective Date.

 

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