SEC Contract Filing

Filing Date: 2018-08-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f8k080918ex10-2_tsrinc.htm
<DESCRIPTION>MAINTENANCE OF CONFIDENCE AND NON-COMPETE AGREEMENT DATED AS OF AUGUST 9, 2018 BETWEEN TSR, INC. AND CHRISTOPHER HUGHES
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Execution Copy</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>MAINTENANCE OF CONFIDENCE AND NON-COMPETE
AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">AGREEMENT made this
9<SUP>th</SUP> day of August, 2018 (the &ldquo;Effective Date&rdquo;) by and between TSR, Inc. (the &ldquo;Corporation&rdquo;) and
the undersigned (the &ldquo;Employee&rdquo;). As used in this Agreement, the &ldquo;Company&rdquo; shall mean the Corporation, its
subsidiaries (including, without limitation, TSR Consulting Services, Inc.) and their respective successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to
the terms of a separate amended and restated employment agreement between the Employee and the Corporation dated as of the Effective
Date (the &ldquo;2018 Employment Agreement&rdquo;), the Corporation has agreed to continue to employ the Employee, and the Employee
has agreed to continue to be employed by the Corporation, on the terms and conditions therein set forth,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, it is an essential
and continuing condition of the Company&rsquo;s business that certain terms and conditions be agreed to by all individuals who have access
to trade secrets and other confidential information, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Employee has
previously entered into agreements with the Company pertaining to confidentiality, non-solicitation and non-competition and the
parties desire to resolve any potential ambiguities relating to such prior agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the Employee&rsquo;s continued employment by the Corporation pursuant to the terms of the 2018 Employment Agreement
and being granted continued access to trade secrets and confidential information and in order to resolve any ambiguities between
the prior agreements pertaining to confidentiality, non-solicitation and non-competition, it is agreed as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">1. The Employee
acknowledges that:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) the business in which
the Company is engaged is one in which data processing services, computer software and other technical information, which are of
a secret and confidential nature and in which the Company has the sole proprietary interest, has been and will be created and used
in furtherance of the business of persons and entities, including Company customers (persons, entities and corporations along with
their parents, subsidiaries or affiliates, regardless of location, which during Employee&rsquo;s employment have been, which are
now or which hereafter become, users of the Company&rsquo;s services) (hereinafter &ldquo;Customers&rdquo;), by those individuals
employed by the Company (the &ldquo;Full-Time Employees&rdquo;) and by programmers and analysts who, as independent contractors,
have agreed to be represented by the Company for the purpose of obtaining temporary computer programming and/or analysis positions
with third parties (the &ldquo;Independent Contractors&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) the Company has expended