SEC Contract Filing

Filing Date: 2023-09-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ea185448ex10-5_foxotech.htm
<DESCRIPTION>INTERIM EMPLOYMENT AGREEMENT OF MARTIN WARD
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.5</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">September 19, 2023</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">Mark White</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"><B>RE: OFFER OF EMPLOYMENT</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: 0pt 0">Dear Mark:</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-align: justify; text-indent: 0.5in">FOXO Technologies, Inc., a
Delaware corporation (&ldquo;<B>Company</B>&rdquo;), is pleased to offer you the roles of Interim Chief Financial Officer and Executive
Director, reporting to Chairman of the Board of Directors, Bret Barnes. The other terms and conditions of this offer are follows:</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD STYLE="width: 20%"><B>POSITION:</B></TD>
 <TD STYLE="width: 80%">Interim Chief Executive Officer and Executive Director</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>REPORT:</B></TD>
 <TD>Bret Barnes, Chairman of the Board of Directors</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>EFFECTIVE</B></TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>DATE:</B></TD>
 <TD>September 19, 2023</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>EMPLOYMENT</B></TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>AGREEMENT:</B></TD>
 <TD>Exhibit A</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>COMPENSATION:</B></TD>
 <TD>$1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="text-align: justify"><B>EXPENSES:</B></TD>
 <TD STYLE="text-align: justify">Company will reimburse all appropriate and reasonable business expenses you have incurred in performing your duties in accordance with its standard reimbursement policy.</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>TERM:</B></TD>
 <TD>At-will</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD><B>BENEFITS:</B></TD>
 <TD>401k Plan</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>Medical, Dental and Vision</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>Short-Term and Long-Term Disability</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>Paid Time Off</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>Holidays</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>Other Voluntary Benefits</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="text-align: justify">&nbsp;</TD>
 <TD STYLE="text-align: justify">Some of the benefits are governed by insurance contracts and benefits summaries, and the terms and conditions in those materials control. Others are based on our established policies and procedures. Like other employers, we review our benefits regularly and reserve the right to add new benefits, modify existing programs, and terminate them, as we deem necessary. All terms and conditions of employment are subject to modification from time-to-time as we deem necessary or appropriate.</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties hereto anticipate that should your
employment role change from &ldquo;interim&rdquo; to &ldquo;permanent,&rdquo; the Employment Agreement attached hereto as <U>Exhibit A</U>
will be amended and restated with a more robust employment agreement commensurate with other similarly situated executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1.5in">If these terms of employment are acceptable,
please indicate your acceptance below.</P>

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