SEC Contract Filing

Filing Date: 2019-10-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>f8k092619ex10-4_akernacorp.htm
<DESCRIPTION>FORM OF COVENANT AGREEMENT, BY AND BETWEEN AKERNA CORP. AND RAY THOMPSON
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>EMPLOYEE COVENANT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><U>This EMPLOYEE</U>
COVENANT AGREEMENT (this &ldquo;Agreement&rdquo;) is made and entered into as of this day&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
by and between MJ FREEWAY, LLC, a Colorado limited liability Company (MJFreeway, LLC, together with any entity controlled by,
controlling, or under common control with, MJ Freeway, LLC, hereinafter referred to as &ldquo;the Company&rdquo;) and the undersigned
employee (&ldquo;Employee&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 210.95pt 0pt 210.9pt; text-align: center"><U>RECITALS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">A. Employee wishes to be employed by the Company to
perform certain services for the Company and its customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">B The Company
has and/or shall be disclosing information concerning the Company and its products, services, customers, clients and other proprietary,
confidential and privileged information to Employee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">C. The
Company has, and will, invest considerable amounts of time, effort and corporate resources in developing such valuable assets and
that use of such information for Employee&rsquo;s personal benefit and gain, or disclosure by Employee of such information to the public,
shall cause irreparable harm, damage and loss to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">D. The
use or disclosure of such information to third parties by Employee in violation of this Agreement will have a direct, severe and
adverse impact on the Company; and, therefore, the Company would not disclose such information to Employee, but for the covenants
of Employee set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">E. Company
does not wish to receive, either physically or the benefit of, any trade secrets or confidential information belonging to any other
company or Employee&rsquo;s former employer(s) and Employee agrees to not use or disclose any trade secrets or confidential material
Employee may possess from a former employer in providing services to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">NOW THEREFORE,
in order to induce the Company to employ Employee or retain Employee in its employ and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; padding-right: 0"></TD><TD STYLE="width: 0.25in; text-align: left; padding-right: 0"><B>1.</B></TD><TD STYLE="text-align: justify; padding-right: 0"><B><U>Trade
 Secrets</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">a. <B><U>Definition
of Trade Secrets</U>. &ldquo;Trade Secrets&rdquo;</B> shall mean and include any information relating, in whole or in part, to
the business or financial affairs of the Company (whether written, oral, or electronically transmitted, stored, or recorded and
whether prepared by the Company or its advisors or otherwise), which is furnished to Employee by or on behalf of the Company or
is otherwise learned or acquired by Employee from the Company, whether furnished before or after the date of this Agreement, that
is not generally known to or readily ascertainable by other persons or entities. Trade Secrets shall specifically include, but
is not limited to: proprietary information, analyses, data, compilations, systems, processes, works of authorship, know-how, improvements,
discoveries, developments, designs, techniques, computer programs, and technologies (including computer software), procedures,
manuals (published and unpublished), studies, plans, and names and/or lists of customers; informatio