SEC Contract Filing

Filing Date: 2020-06-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea122638ex10-2_ondashold.htm
<DESCRIPTION>AMENDED AND RESTATED EMPLOYMENT AGREEMENT, DATED JUNE 3, 2020, BETWEEN ONDAS HOLDINGS INC. AND ERIC BROCK
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>ONDAS HOLDINGS INC.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">June 3, 2020</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Eric Brock</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 0pt 1in; text-align: justify"><B><I>Re: Amended and Restated
Employment Agreement</I></B></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-align: justify">Dear Mr. Brock:</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">This letter agreement
(the &ldquo;<B><I>Letter Agreement</I></B>&rdquo;), on behalf of Ondas Holdings Inc., a Nevada corporation (the&nbsp;&ldquo;<B><I>Company</I></B>&rdquo;)
to the undersigned individual (the &ldquo;<B><I>Executive</I></B>&rdquo; or &ldquo;<B><I>Employee</I></B>&rdquo;) constitutes an
Amended and Restated Employment Agreement of that certain Employment Agreement dated September 28, 2018. This Amended and Restated
Employment Agreement shall be effective on June 3, 2020 (the &ldquo;Effective Date&rdquo;) pursuant to the terms set forth below:</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">1.&nbsp;<B><U>Position</U></B>.
The Executive shall serve as the Company&rsquo;s chief executive officer (CEO). The Executive&rsquo;s responsibilities shall be determined
by board of directors of the Company. The Executive shall devote his full time, attention and ability to the business of the Company,
shall well and faithfully serve the Company, and shall use his best efforts to promote the interests of the Company. His <FONT STYLE="background-color: white">duties
shall include all those duties customarily performed by the CEO. The Executive</FONT> understands that his duties may involve significant
travel from his place of employment (both within and outside the country in which that place is located), and he agrees to travel
as reasonably required in order to fulfill his duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">The Executive
agrees that he shall not accept any other appointments to the board of directors of any other entity without first obtaining the
written approval of Company, which approval shall not be unreasonably withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;<B><U>Compensation</U></B>
In connection with Executive&rsquo;s employment, the Company will pay the following salary and other compensation:</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">(a)&nbsp;<U>Salary</U>.
Executive will be paid a base salary at the annual rate of $200,000.00 (&ldquo;Base Salary&rdquo;), payable in accordance with the
Company&rsquo;s standard payroll practices.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;<U>Other Compensation</U>. Executive will be eligible to participate in the benefit plans established for Company employees,
including group life, health, and dental coverage (&ldquo;Plan Benefits&rdquo;); in each case to the same extent and in the same
manner as other similarly situated executives.</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">(c)&nbsp;<U>Right to
Change Plans</U>. Nothing in this letter will be construed to limit, condition or otherwise encumber the Company&rsquo;s right to amend,
discontinue, substitute, or maintain any Plan Benefits or perquisite.</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">(d)&nbsp;<U>Vacation/Paid
Holidays</U>. Executive shall accrue paid vacation at the rate of 21 days