SEC Contract Filing

Filing Date: 2021-02-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.23
<SEQUENCE>4
<FILENAME>atomera_ex1010.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT - LAURENCIO
<TEXT>
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<P STYLE="margin: 0"><B>Exhibit 10.10</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 38.55pt 0pt 38.3pt; text-align: center">EMPLOYMENT AGREEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS
EMPLOYMENT AGREEMENT (&ldquo;<I>Agreement</I>&rdquo;) is entered into on January 26, 2021, to be effective as of December 30, 2020
(&ldquo;<I>Effective Date</I>&rdquo;) by and between Atomera Incorporated, a Delaware corporation (&ldquo;<I>Company</I>&rdquo;),
and Francis B. Laurencio (&ldquo;<I>Executive</I>&rdquo;).</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 38.55pt 0pt 38.4pt; text-align: center">RECITAL</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Company
is desirous of continuing to employ Executive in an executive capacity on the terms and conditions and for the consideration, hereinafter
set forth, and Executive is desirous of continuing to be employed by Company on such terms and conditions and for such consideration.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 38.55pt 0pt 38.5pt; text-align: center">AGREEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">It is agreed as follows:</P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 135.8pt 0pt 135.7pt; text-align: left; text-indent: 75.7pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>DEFINITIONS AND INTERPRETATIONS</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>1.1</B></TD><TD STYLE="text-align: justify"><B>Definitions.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>&ldquo;Base Salary&rdquo; </B>shall mean Executive's annualized base salary as set forth in Section 4.1.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)</FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Board&rdquo;
</B>shall mean the board of directors of Company.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>&ldquo;Cause&rdquo; </B>shall mean a finding by the Company that Executive (i) has engaged in gross negligence,
gross incompetence, or willful misconduct in the performance of his duties at the Company, (ii) has refused, without proper reason,
to perform his duties, (iii) has materially breached any provision of this Agreement or of the Confidentiality Agreement, (iv)
has willfully and materially breached a significant corporate policy or code of conduct established by Company, (v) has willfully
engaged in conduct that is materially injurious to Company or its subsidiaries (monetarily or otherwise), (vi) has committed an
act of fraud, embezzlement, or breach of a fiduciary duty to Company or an affiliate of Company (including the unauthorized disclosure
of material confidential or proprietary information of the Company or an affiliate or intentional misrepresentation in any employment
application, background check, or willfully making false representations in any capacity), (vii) has been convicted of (or pleaded
no contest to) a criminal act involving fraud, dishonesty, or moral turpitude or any felony, or (viii) has been convicted for
any violation of U.S. or foreign securities laws or has entered into a cease and desist order with the Securities and Exchange
Commission alleging violation of U.S. or foreign securities laws.</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 0pt 0.5in; text-align: justify; text-indent: 0">Notwithstanding
the foregoing provisions of this Section 1.1(c) or any other provision in this Agreement to the contrary, any assertion by the
Company of a termination of employment for &ldquo;Cause&rdquo; pursuant to clauses (i) through (v) of this Section 1.1(c) shall
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