SEC Contract Filing

Filing Date: 2021-05-06

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Certain
identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively
harmful if publicly disclosed</I></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TENTH
AMENDED AND RESTATED<BR>
EMPLOYMENT AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
AGREEMENT, entered into as of the 31st day of December, 2020, amends and restates the Ninth Amended and Restated Agreement, dated
as of the 31<SUP>st </SUP>day of December 2017, by and between KOPIN CORPORATION, a Delaware corporation with its principal place
of business at 125 North Drive, Westborough, MA 01581 (the &ldquo;<U>Employer</U>&rdquo;), and John C. C. Fan<B>,</B> (the &ldquo;<U>Employee</U>&rdquo;),
as first amended and restated as of May 1, 1995.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Freedom to Contract</U>. The Employee represents
that he is free to enter into this Agreement, that he has not made and will not make any agreements in conflict with this Agreement,
and will not disclose to the Employer, or use for the Employer&rsquo;s benefit, any trade secrets or confidential information
now or hereafter in the Employee&rsquo;s possession which is the property of any other party other than any trade secrets or confidential
information that is authorized by the Employer and third party for disclosure to or use by the Employer.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2.
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Employment</U>. The Employer hereby agrees
to continue to employ the Employee, and the Employee hereby agrees to continue his employment by the Employer, upon the terms
and conditions set forth herein.</FONT></P>

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</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Effective Date and Term</U>. This Agreement
shall take effect as of January 1, 2021 (the &ldquo;<U>Effective Date</U>&rdquo;), and shall continue thereafter in full force
and effect through December 24, 2022, unless terminated prior to such time in accordance with the provisions of this Agreement
(the &ldquo;<U>Employment Term</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4.
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Title and Duties; Extent of Services</U>.
The Employee shall promote the business and affairs of the Employer as President and Chief Executive Officer of the Employer,
with responsibility for performing such duties consistent with such position as the Board of Directors may from time to time designate.
As long as he is employed hereunder, the Employee shall also continue to serve, if nominated by the Nominating Committee of the
Board of Directors and elected by the shareholders, as a member of the Boa