<SEC-DOCUMENT>0000944075-15-000028.txt : 20150707
<SEC-HEADER>0000944075-15-000028.hdr.sgml : 20150707
<ACCEPTANCE-DATETIME>20150707162150
ACCESSION NUMBER:		0000944075-15-000028
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150701
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150707
DATE AS OF CHANGE:		20150707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOCKET MOBILE, INC.
		CENTRAL INDEX KEY:			0000944075
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPUTERS [3571]
		IRS NUMBER:				943155066
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25904
		FILM NUMBER:		15976785

	BUSINESS ADDRESS:	
		STREET 1:		39700 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4808
		BUSINESS PHONE:		5109333000

	MAIL ADDRESS:	
		STREET 1:		39700 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4808

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOCKET COMMUNICATIONS INC
		DATE OF NAME CHANGE:	19950418
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form-8k0701.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: bold 18pt/normal Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><FONT STYLE="font: 16pt Times New Roman, Times, Serif"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 16pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>Washington,
DC 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 20pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>Pursuant
to Section 13 or 15(d) of</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>The
Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>July
1, 2015</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Date
                                         of Report </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(Date
of earliest event reported)</FONT></P>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="socket.jpg" ALT=""><FONT STYLE="font: 20pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 20pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>SOCKET
MOBILE, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 29%; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>Delaware</B></FONT></td>
    <td style="vertical-align: bottom; width: 3%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; width: 31%; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>001-13810</B></FONT></td>
    <td style="vertical-align: bottom; width: 2%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; width: 35%; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>94-3155066</B></FONT></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(State
    or other jurisdiction of</FONT><FONT STYLE="font: 12pt Times New Roman, Times, Serif"> <FONT STYLE="letter-spacing: -0.1pt">incorporation)</FONT></FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(Commission
    File Number)</FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(IRS
    Employer</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><br>
    <FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">Identification No.)</FONT></FONT></td></tr>
</table>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>39700
Eureka Drive</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Newark,
CA 94560</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(Address
of principal executive offices, including zip code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>(510)
933-3000</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(Registrant&rsquo;s
telephone number, including area code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5pt 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5pt 0 5pt 14.25pt; text-indent: -14.25pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">[
] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5pt 0 5pt 14.25pt; text-indent: -14.25pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5pt 0 5pt 14.25pt; text-indent: -14.25pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; letter-spacing: -0.1pt; text-indent: -14.25pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: 0pt">[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 45.6pt; letter-spacing: -0.1pt; text-align: left; text-indent: -45.6pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Item
1.01 Entry into Material Definitive Agreements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I>Employment
Agreements</I></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-indent: 37.05pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">On
July 1, 2015 the Company updated and renewed Employment Agreements (&ldquo;Agreements&rdquo;) with the following officers of the
Company: Kevin J. Mills, President and Chief Executive Officer; David W. Dunlap, Vice President of Finance and Administration,
Chief Financial Officer and Secretary; James Lopez, Vice President of Marketing and Business Development; Leonard L. Ott, Vice
President of Engineering and Chief Technical Officer; and Lee A. Baillif, Vice President of Operations (collectively the &ldquo;Executives&rdquo;).
The Agreements replaced agreements previously reported in a Form 8-K dated March 8, 2012 that expired on June 30, 2015 (December
31, 2015 for Mr. Lopez).</FONT></P>

<P STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin: 0 0.7pt 0 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Under
the terms of the Agreements, the Executive&rsquo;s employment is at will and termination of employment of the Executive may occur
at any time. The Agreement defines termination arrangements that apply if the Executive is terminated for Cause as defined in
the Agreement, is terminated due to death or disability, voluntarily terminates employment, or is otherwise terminated involuntarily.
Should the Executive&rsquo;s employment be terminated other than for Cause, death, disability or voluntary termination, he is
entitled under the Agreement to (i) receive an involuntary termination payment consisting of his regular base salary for a period
of two (2) months plus one month for each completed two years of service up to a maximum of five (5) months following termination,
(ii) receive one additional month of compensation upon signing a mutual termination agreement; (iii) receive reimbursement for
payment of his COBRA health premiums for the lesser of the amount of time of the involuntary termination payment or until he is
eligible for the health insurance benefits provided by another employer; (iv) receive the variable compensation amounts to which
he would otherwise be entitled as prescribed in the Company&rsquo;s variable incentive compensation plan, and (v) purchase from
the Company at book value certain items that were purchased by the Company for his use. Stock options granted to the Executive
shall cease vesting immediately upon the date of termination of employment, and vested stock options will be exercisable after
termination for the lesser of one year or the expiration date of the grant. In the event of voluntary termination with at least
a 60 day notice by an Executive with more than ten years of consecutive service to the Company, the Executive&rsquo;s vested stock
options will be exercisable after termination for the remaining life of the grants. The Agreements also provide for compensation
in the event of a Change of Control as defined in the Agreement consisting of an involuntary termination payment as described
above and a payment equal to 1% of the consideration payable in connection with a Change of Control provided that the price offered
for the Company&rsquo;s common stock is equal to or greater than $5.00 per share. The new Agreements expire on June 30, 2018 unless
the Company fails to provide the Executive with notice of intent to renew or not renew the Agreement of at least six months prior
to expiration, in which case the expiration date of the Agreement shall be December 31, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I>General</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The
foregoing description of the Employment Agreements does not purport to be complete and is qualified in its entirety by reference
to the full text of the Form of Employment Agreement, a copy of which is attached hereto as Exhibit 10.1 and are incorporated
herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Item
9.01 Financial Statements and Exhibits</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>(d) Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="vertical-align: top; width: 15%; padding-right: 0.7pt; padding-left: 0.7pt; text-decoration: underline"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B><U>Exhibit
    No.</U></B></FONT></td>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></td>
    <TD STYLE="vertical-align: top; width: 88%; padding-right: 0.7pt; padding-left: 0.7pt; letter-spacing: -0.1pt; font-weight: bold; text-decoration: underline"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Description</B></FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font-weight: bold"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">10.1</FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Form
    of Executive Employment Agreement </FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/normal Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<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="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td colspan="2" style="padding-right: 0.7pt; padding-left: 0.7pt; font-weight: bold"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>SOCKET
    MOBILE, INC.</B></FONT></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td colspan="2" style="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="width: 3%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="width: 50%; padding-right: 0.7pt; padding-left: 0.7pt; text-align: right"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">By:</FONT></td>
    <td style="width: 30%; border-bottom: Black 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">/s/
    David W. Dunlap</FONT></td>
    <td style="width: 17%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-align: left; vertical-align: bottom"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Date:
</FONT><FONT STYLE="font: 12pt Times New Roman, Times, Serif">July 7, 2015</FONT><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td colspan="2" style="padding-right: 0.7pt; padding-left: 0.7pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Name:
                                         David W. Dunlap</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Vice
        President, Finance and Administration </FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">and
        Chief Financial Officer</FONT></P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

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

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

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/normal Times New Roman, Times, Serif; margin: 0; letter-spacing: -0.1pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>EXHIBIT
INDEX</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="vertical-align: top; width: 15%; padding-right: 0.7pt; padding-left: 0.7pt; text-decoration: underline"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B><U>Exhibit
    No.</U></B></FONT></td>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></td>
    <TD STYLE="vertical-align: top; width: 88%; padding-right: 0.7pt; padding-left: 0.7pt; letter-spacing: -0.1pt; font-weight: bold; text-decoration: underline"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Description</B></FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font-weight: bold"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">10.1</FONT></td>
    <td style="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Form
    of Executive Employment Agreement </FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><U STYLE="text-decoration: none">&nbsp;</U></B></FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><U>[Form
of] EXECUTIVE EMPLOYMENT AGREEMENT</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">This Employment
Agreement (&ldquo;Agreement&rdquo;) is entered into as of July 1, 2015 (&ldquo;Effective Date&rdquo;) between Socket Mobile, Inc.,
a Delaware corporation (&ldquo;Company&rdquo;), and [Name] (&ldquo;Executive&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">WHEREAS,
Company desires to foster the stable and continuous employment of key personnel in its executive team that have the vision, talent,
knowledge, know-how and experience to develop, strategize, operate, and manage its business. In order to induce the Executive
to be in the continuous employment of Company for a fixed term, Company is therefore willing to engage the Executive&rsquo;s services
on the terms and conditions set forth below.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Whereas
the Executive desires to be employed by Company as a member of its top executive team on the terms and conditions set forth below.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">THEREFORE,
in consideration of the above recitals and of the mutual promises and conditions in this Agreement, and other valuable consideration,
receipt of which is hereby acknowledged, Company hereby agrees to employ the Executive and the Executive hereby agrees to accept
employment on the terms and conditions as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">1.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Definitions
                                         </B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The terms
set forth below shall have the meanings provided. Other initially capitalized terms used in this Agreement shall have the meanings
described with the text of this Agreement, including attachments and appendices, if any.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">a.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&ldquo;Award Agreement</B>&quot; means the written or electronic agreement setting forth the terms and provisions applicable
to each grant of Stock Options under the Equity Incentive Plan.                                        </B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">b.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Benefit
Plan</B> refers to Company&rsquo;s Benefit Plan that details the benefits afforded to Employees that are in effect. Additionally,
the provisions of the plans, including eligibility and benefits provisions, are summarized in the Summary Plan Descriptions. The
terms of the official plan documents shall govern over the language of any description of the plans in any other document, including
the Summary Plan Descriptions and the Employee Handbook. </FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">c.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>For Cause</B> means that the Executive&rsquo;s conduct, in the Company&rsquo;s good faith belief, is in violation of Company&rsquo;s
General Rules of Conduct, Company policies, guidelines, and procedures, Code of Business Conduct and Ethics as detailed in the
Employee Handbook and any other unacceptable conduct which the Employee Handbook states may be cause for discharge. For Cause
includes, but are not limited to, the occurrence or existence of any of the following with respect to the Executive, as determined
by Company:</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(i)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">willful
                                         and continuing breach by the Executive of his/her duties under this Agreement;</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(ii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">render to others services of any kind for compensation without authorization from Company;</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(iii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">engage in any other business activity that may materially interfere with the performance of his/her duties under the Agreement;</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(iv)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">
promote, engage or participate in any business that is competitive in any manner whatsoever with the business of the Company;</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(v)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">
any act of dishonesty, misappropriation, embezzlement, fraud, willful, gross, or misconduct by the Executive involving Company;
including without limitation the misappropriation of Company&rsquo;s proprietary information or assets and the participation of
activities relating to insider trading;</FONT></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(vi)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">

the conviction or plea of nolo contendere or the equivalent in respect of a felony involving moral turpitude; and</FONT></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(vii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">

conduct by the Executive that in the good faith determination of the Company demonstrated unfitness to serve in an executive capacity
of a Managerial Employee including, without limitation, a finding by Company or any regulatory authority that the Executive committed
acts of employee harassment, violated Company&rsquo;s policies on ethics or legal compliance, violated a material law or regulation
applicable to the business of Company, repeated nonprescription use of any controlled substance or the repeated use of alcohol
or any other non-controlled substance.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">d.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Change
                                         In Control </B>means the occurrence of any of the following events:</FONT></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(i)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Any &quot;person&quot; (as such term is used in Sections
13(d) and 14(d) of the Exchange Act) becomes the &quot;beneficial owner&quot; (as defined in Rule 13d-3 of the Exchange Act),
directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented
by the Company's then outstanding voting securities; or</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(ii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The consummation of the sale or disposition by the Company
of all or substantially all of the Company's assets; or</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(iii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The consummation of a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities
of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation<B>.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">e.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Disability</B> means either (i) total and permanent disability as defined in Internal Revenue Code Section&nbsp;22(e)(3); (ii)
an illness, injury, condition, either mental or physical, which results in the Executive&rsquo;s inability to perform the material
duties of her/his job even with reasonable accommodations; or (iii) a condition, either physical or mental, which entitles the
Executive to be eligible for either short term disability benefits or Company&rsquo;s long term disability benefits, if any.</FONT></FONT></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">f.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Employee</B> means any person in the employment of Company.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">g.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Employee Handbook</B> means Company&rsquo;s Employee Handbook and any addendum to Company&rsquo;s Employee Handbook.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">h.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Golden
                                         Parachute Laws </B>means any statutes, regulations, or case law relating to Parachute
                                         payments, including but not limited to Sections 280G and 4999 of the Internal Revenue
                                         Code of 1986, as amended, or any similar or successor provisions to Section 280G or Section
                                         4999 and Section 1.280G of the Income Tax Regulations relating to Section 280G.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">i.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Managerial Employee</B> means an Employee that has been designated as a participant of the Variable Compensation Plan <B>in
the Variable Compensation Plan</B>.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">j.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Equity Plan </B>means Socket Mobile, Inc. 2004 Equity Incentive Plan, as amended, including but not limited to amendments dated
April 29, 2010, June 5, 2013, and June 4, 2015.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">k.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination Date</B> means the date on which the Executive&rsquo;s employment as a Managerial Employee and an Employee by Company
is deemed to have ceased. Termination Date is also the date of the termination of this Agreement.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">l.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Variable Compensation Plan</B> means Socket Mobile Inc.&rsquo;s Management Incentive Variable Compensation Plan, as amended,
that detail conditions under which a Management Employee may receive additional compensation.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">m.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Years of Service</B><U> </U>means the number of years of twelve (12) full months during which the Executive is or was an Employee
of the Company.</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">2.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Term of the Executive&rsquo;s Employment</B>.
                                         </B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Under this
Agreement, the Company employs the Executive as a Managerial Employee. In the event that the Executive ceases to be employed as
a Managerial Employee under the terms and conditions of this Agreement, this Agreement is terminated.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The term
of employment (&ldquo;Term&rdquo;) for the Executive under this Agreement shall be three (3) years, provided that Company informs
the Executive on or before two (2) years and six (6) months after the Effective Date whether Company chooses or does not choose
to continue to employ Executive as a Managerial Employee, either under the same terms as this Agreement, or under a new agreement.
If Company fails to inform the Executive on or before two (2) years and six (6) months after the Effective date whether Company
chooses or does not choose to continue to employ Executive as a Managerial Employee, then the Term of the Agreement shall be three
(3) years and six (6) months.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">This Agreement
shall begin on the Effective date and shall end after the Term, subject to the terms and conditions in this Agreement. At the
end of the Term, unless the Company and the Executive execute a new agreement in writing to continue the Executive&rsquo;s employment
as an Employee or Managerial Employee, the Executive&rsquo;s employment at Company is terminated, with or without notice. During
the Term, the Executive&rsquo;s employment is at will. As an at-will Employee, the Executive has the right to voluntarily terminate
his/her employment at any time, with or without cause, and with or without advance notice, subject to the terms and conditions
herein in this Agreement. Company also has the option to involuntarily terminate the Executive&rsquo;s employment at any time,
with or without cause, and with or without advance notice, subject to the terms and conditions herein in this Agreement. This
Agreement is terminated when the Executive&rsquo;s employment as a Managerial Employee is terminated under this Agreement.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><BR CLEAR="ALL"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">3.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Place
                                         of Employment.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Unless Company
and the Executive agree otherwise in writing, during the Term the Executive shall perform the services he/she is required to perform
at Company&rsquo;s office. At the Effective Date, Company&rsquo;s office is located in Newark, California. However, Company, from
time to time, may require the Executive to travel temporarily to other locations to conduct Company business.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">4.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Title,
                                         Duties and Obligations. </B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The
Executive&rsquo;s title and duties under this Agreement are set forth in Exhibit A of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
agrees that to the best of his/her ability and experience, he/she will at all times loyally and conscientiously perform all of
the duties and obligations required of and from him/her pursuant to the express and implicit terms hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">5.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Devotion
                                         of Entire time to the Company&rsquo;s Business.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
Term, the Executive shall devote his/her full time, energy, best effort, knowledge, skills, and productive time to the business
and interest of Company , and Company shall be entitled to all of the benefits and profits arising from or incident to all work,
services, and advice of the Executive.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
term, the Executive shall not, without Company&rsquo;s prior written consent, render to others services of any kind for compensation,
or engage in any other business activity that would materially interfere with the performance of his/her duties under the Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
term of his/her employment, the Executive shall not, directly or indirectly, either as an employee, employer, consultant, agent,
principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, promote,
engage or participate in any business that is competitive in any manner whatsoever with the business of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">6.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Compensation
                                         and Benefits.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive,
while employed, shall be entitled to receive all benefits of employment generally available to Employees as he/she becomes eligible
for them<FONT STYLE="letter-spacing: 0pt"> </FONT>under the same terms and conditions. The benefits available to Employees are
stated in the Benefit Plan that is in effect. On the Effective Date, the benefits, include but are not limited to, medical, vision,
dental, life insurance and long term disability benefits, paid time off, participation in Company&rsquo;s pension plan, paid vacation,
and other benefits under the law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">As a Managerial
Employee, in addition to benefits available to Company&rsquo;s Employees, an Executive will be entitled to the following additional
compensation and benefits:</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><BR CLEAR="ALL"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">a.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Base
                                         Salary. </B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
term of this Agreement, while the Executive is employed as a Managerial Employee, the Company shall pay the Executive, for services
rendered, a Base Salary, subject to applicable tax withholdings and other authorized deductions. The Executive&rsquo;s annual
Base Salary on the Effective Date is set forth in Exhibit A of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
term of this Agreement, Company may, at its sole discretion, increase (but shall not be required to increase) the Executive&rsquo;s
Base Salary. Company also has the sole discretion to decrease the Executive&rsquo;s Base Salary as part of an across-the-board
salary reduction affecting all Managerial Employees.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">b.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Variable
                                         Compensation. </B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
Term of this Agreement, the Executive is entitled to participate in Company&rsquo;s Variable Compensation Plan under which he/she
may receive additional compensation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">c.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Stock Options</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The
Executive may, during the Term, be eligible to be awarded and may be awarded stock options under the Company&rsquo;s Equity Plan.
The terms and conditions of the stock options in each award are set forth in an Award Agreement entered between Company and Employee
and are subject to the terms and conditions of the Company&rsquo;s Equity Plan and the Award Agreement under which the options
are issued.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">7.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         of the Executive&rsquo;s Employment and Termination of Agreement</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Upon termination
of the Executive as Managerial Employee under this Agreement, Executive is also terminated as an Employee. This Agreement does
not prohibit the Executive and the Company, after the termination of this Agreement, by mutual consent to enter into a new and
separate agreement where the Executive remains as an Employee but not a Managerial Employee; or the Executive remains a Managerial
Employee, but, under terms and conditions that are separate or different from this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">a.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination of the Executive as a Managerial Employee and Employee</B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If the Executive
is terminated as a Managerial Employee and Employee under this Agreement, he/she shall receive all compensation accrued and all
benefits that he/she is eligible for under Company&rsquo;s Benefit Plan that is in effect until the Termination Date. Unless mandated
by law, the Executive&rsquo;s entitlement to all benefits provided by Company to the Executive under this Agreement or otherwise
shall cease as of the Termination Date. After the Termination Date, the Executive, if eligible, may also be entitled to all benefits
or compensation for terminated employees under the law that may include, unemployment compensation, and temporary continuation
coverage of the Company&rsquo;s group health plan in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985
(&ldquo;COBRA&rdquo;), as amended.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Under this
Agreement, as a Managerial Employee, depending on the circumstances of termination as described herein in this Agreement, the
Executive may also be entitled to one or more of the following Additional Benefits upon termination of employment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Service
Benefit</B>. Upon termination, if the Executive is entitled to this Service Benefit, Company will provide a severance to the Executive
equivalent to: two (2) months plus one (1) month of the Executive&rsquo;s Base Salary at the Termination Date for each of the
Executive&rsquo;s two Years of Service completed up to a maximum of (5) months. The following table states the number of months
of Base Salary that the Executive will receive as a function of the Executive&rsquo;s Years of Service.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Years
    of Service</FONT></TD>
    <TD STYLE="width: 234px; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Period</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&lt;
    2 years</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">2
    months</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&ge;2
    years&nbsp;&nbsp;and &lt; 4 years</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">3
    months</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&ge;
    4 years and &lt; 6 years</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">4
    months</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&ge;
    6 years</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">5
    months</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
will be entitled to receive this payment regardless of whether or not he/she secures other employment during the time period that
he/she is receiving this Service Benefit.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>COBRA
Benefit</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; background-color: yellow"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Upon termination,
if the Executive is entitled to the COBRA Payment Benefit, Company shall pay the Executive&rsquo;s monthly premium for the continuation
of the Executive&rsquo;s health insurance coverage under the COBRA immediately following the Executive&rsquo;s termination, until
the earlier of either: (a) six (6) months after the Termination Date; or (b) such time as the Executive becomes eligible for alternative
health insurance benefits, including health insurance benefits provided by another employer or the state or federal government
of the United States.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Equipment
Benefit</B>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Upon termination,
if the Executive is eligible for this Equipment Benefit, within thirty (30) days of the Termination Date, pursuant to mutual agreement
between the Company and the Executive, the Executive or an individual legally authorized to act on behalf of the Executive, any
purchase at book value certain items of the Company property which were purchased by the Company for the exclusive use of the
Executive during his/her employment which may include a personal computer, cellular phone, and other similar items.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Extension
of Exercise Rights. </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Upon termination,
if the Executive is eligible for this Extension of Exercise Rights benefit, the Executive shall have an extended post-termination
exercise period for vested stock option equal to the lesser of the following: (a) twelve (12) months following the Termination
Date or (b) the expiration date of the grant of said vested stock options.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Other
Payments upon Termination</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">At termination,
Company will offer the Executive an additional payment of at least one (1) month of the Executive&rsquo;s Base Salary that is
contingent on the Executive&rsquo;s execution, without rescission, a general release in favor of Company in a form acceptable
to Company within the time frames specified in the release.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">b.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         of the Executive&rsquo;s Employment as Managerial Employee and Employee for Cause. </B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B></B></FONT></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
may be terminated For Cause without Company&rsquo;s use of progressive discipline even if Company may have used progressive discipline
in other incidents involving misconduct.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If the Executive
employment is involuntarily terminated For Cause, the Executive is not eligible to and not entitled to any of the Additional Benefits
stated herein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">c.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Involuntary
                                         Termination of the Executive&rsquo;s Employment and Termination is not For Cause, Due
                                         to Disability, Due to Death, or (iv) in the Event of a Change In Control. </B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
that the Executive is involuntarily terminated under this Agreement and said termination is not (i) For Cause, (ii) due to Disability,
(iii) due to death, or (iv) in the event of a Change in Control, then, the Executive is entitled to the following Additional benefits:
Service Benefit, COBRA Benefit; Equipment Benefit, and Extension of Exercise Rights. Company shall pay Executive&rsquo;s Service
Benefit, starting from the Termination Date, semi-monthly, at a rate of one twenty fourth (1/24) of his/her annual Base Salary,
subject to applicable tax and other withholdings until all payments that Executive is entitled to under this Service Benefit are
paid fully.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">d.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         of the Executive&rsquo;s Employment Due to Death.</B></B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If at any
time during the Term, the Executive&rsquo;s is terminated due to the death of the Executive, then the Termination Date is the
date of death of the Executive. Company shall pay the Executive&rsquo;s estate the following Additional Benefits: Extension of
Exercise Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Following
the Executive&rsquo;s death, options that are vested before the Termination Date may be exercised by the Executive&rsquo;s designated
beneficiary, provided said beneficiary has been designated prior to the Executive&rsquo;s death in a form acceptable to the administrator
of the Stock Plan. If no such beneficiary has been designated by the Executive, then vested options may be exercised by the personal
representative of the Executive&rsquo;s estate or by the person(s) to whom the Executive&rsquo;s option is transferred pursuant
to the Executive&rsquo;s will or in accordance with the laws of descent and distribution.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;<B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">e.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Leave
                                         Policy and Termination of the Executive&rsquo;s Employment Due to Disability. </B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(i)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Executive
                                         is Disabled and On Medical Leave</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
that the Executive becomes disabled during the Term, he/she shall be placed on uncompensated medical leave. While on medical leave,
the Executive shall not be entitled to any compensation, including compensation under the Variable Compensation Plan. For any
quarter that Executive is on medical leave, the Executive shall only receive a pro rata share of any compensation under the Variable
Compensation Plan, calculated based upon the number of days that he/she was not on medical leave.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If the Executive
becomes disabled during the Term, he/she, if eligible, can receive disability benefits under the Benefit Plan for Employees that
is in effect at the time of the Executive&rsquo;s disability when these benefits become payable. At the time of the execution
of this Agreement, the disability benefits include: short term disability benefit from the State Disability Program that is provided
by the Employment Development Department (&ldquo;California Short Term Disability Benefit&rdquo;) and, long term disability benefit.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">For the
duration that the Executive is receiving the California Short Term Disability Benefit, the Company shall supplement his/ her California
Short Term Disability Benefit with a supplemental short term disability benefit such that (a) the amount of supplemental disability
shall be the largest amount that would not trigger a decrease in the California Short Term Disability benefit that the Executive
shall otherwise be entitled to under California Unemployment Insurance Code &sect;2656. However, in the event that the Company
chooses to provide this supplemental short term disability benefit with an insurance policy, this amount of supplemental short
term insurance policy may be reduced and subjected to a maximum amount that said insurance policy can provide; and (b) the supplemental
disability benefit, together with the California Short Term Disability Benefit, shall not be more than one hundred per cent (100%)
of the Executive&rsquo;s &ldquo;wages&rdquo; as determined by the Employment Development Department under the California Unemployment
Insurance Code &sect;&sect;2656 et seq. This supplemental short term insurance benefit may be subjected to applicable tax and
other withholdings.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">This supplemental
short term disability benefit provided by the Company shall cease when long term disability benefit under the Company&rsquo;s
Benefit Plan becomes payable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Unless otherwise
mandated by law, during the Term, the Executive on uncompensated medical leave, if eligible, is entitled to all benefits that
are in effect that Company afforded to Managerial Employees.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(ii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Executive&rsquo;s
                                         Right to Return to Pre-Disability Position </B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">During the
Term of this Agreement, if the Executive ceases to be disabled after being on medical leave for less than or equal to four (4)
months, and requests to return to work, Executive has the right to be reinstated to his pre-disability position.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Unless otherwise
mandated by law, the Executive shall not have the right to return to his/her pre-disability position if he/she has been on medical
leave for more than 4 months. If the Executive ceases to be disabled more than four (4) months after he/she was placed on medical
leave, informs the Company that he/she desires to return to work, but, Company does not return him/her to his/her pre-disability
position, the Executive&rsquo;s employment as an Employee shall be terminated and this Agreement shall be terminated. Accordingly,
the Termination Date shall be the date the Company provides written notice to the Executive that he/she is no longer able to return
to pre-disability position under this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
that Company does not return the Executive to his/her pre-disability position, Company shall make a good faith effort to employ
the Executive as a Managerial Employee or Employee under a new Agreement, in a position that can utilize the ability and talent
of the Executive and at a rate of compensation that is comparable to the Base Salary of the Executive under this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If the Executive&rsquo;s
employment with the Company is terminated due to Disability after the Executive had ceased to be disabled and had requested to
be returned to his/her pre-disability position, the Executive shall be entitled to a cash payment equivalent to two (2) months
of the Executive&rsquo;s Base Salary at the Termination Date, subject to tax and other withholdings, and, the following Additional
Benefits: COBRA Benefit, Extension of Exercise Rights, and Equipment Benefit.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(iii)</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         After Fifteen Months on Medical Leave.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Company
shall terminate this Agreement and Executive&rsquo;s employment, both as a Managerial Employee and an Employee, after Executive
has been disabled and on medical leave for more than fifteen (15) months. Upon termination, the Company shall pay the Executive
the following benefits: Equipment Benefit and Extension of Exercise Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">f.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         of the Executive Employment at the End of Term.<U> </U></B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Unless otherwise
expressly stated in this Agreement, if the Executive employment is terminated at the expiration of the Term, independent of whether
the Executive is on medical leave or not, he/she is not entitled to any Additional Benefits.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
that the Executive provides sixty (60) or more days written notice to Company that he/she does not intend to continue his/her
employment with the Company at the expiration of the Term, he/she is entitled to the Extension of Exercise Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">g.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Voluntary
                                         Termination by the Executive with Notice. </B></FONT><U> </U></B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
of the Executive voluntarily terminates his/her employment after given the Company sixty (60) or more days written notice of his/her
intended voluntary termination, he/she is entitled to the Extension of Exercise Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In accordance
with the terms of the Award Agreement, in the event that the Executive voluntarily terminate his/her employment after ten (10)
years or more of continuous service to the Company, either as an Employee or as a service provider to the Company, the exercise
period for any vested stock option for the Executive shall be extended to the expiration of the option grant.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">h.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Termination
                                         of Agreement but the Executive remains as an Employee. </B></FONT></B></FONT><U> </U></B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If
Executive is terminated, either voluntarily or involuntarily, as a Managerial Employee under this agreement but remains an Employee
or a Managerial Employee under a separate agreement between Company and the Executive, then the Executive is not entitled to any
Additional Benefits under this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">8.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
Payment In the Event of a Change in Control</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
of a Change In Control, the Executive is eligible to receive from the Company the following, subject to the conditions stated
herein:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">a.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Payment
                                         of 1% of the consideration payable in connection with said Change-In Control (including
                                         cash, property and/or securities), provided that the acquisition price offered for the
                                         purchase of the common stock is equal to or greater than $5.00 per share. If the acquisition
                                         is paid for in part with stock of the surviving entity, the Executive shall have the
                                         discretion to accept payment either in cash or in stock. For purposes of computing this
                                         benefit, the Board of Directors of the Company shall in good faith determine the method
                                         by which the consideration payable in connection with said Change In Control is to be
                                         valued and the value of the consideration payable in connection with said Change In Control
                                         which may consist of consideration other than cash;</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">b.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">For each stock option share that the Executive has been awarded pursuant to the terms and conditions in the Equity Plan and that
has not been vested on or immediately before the date of the Change In Control, the Executive shall have the discretion to select
to receive between (i) Acceleration of vesting of said stock option; or (ii) the cash equivalent of said acceleration of vesting
of said stock option. For the purposes of this paragraph, the cash equivalent of one (1) share of the vesting of one (1) share
of stock option shall be the Fair Market Value of a stock on or nearest the date of the Change in Control minus the exercise price
of said stock option. The Administrator of the Equity Plan shall have the authority to determine the Fair Market Value of the
a stock in accordance with the definition of Fair Market Value in the Equity Plan; and</FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">c.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Service Benefit on or before the day that Change in Control takes effect.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
that any payment or benefit that Executive is eligible to receive from the Company, including but not limited to payments and
benefits stated herein in this Agreement, is included in the calculation of &ldquo;parachute payments&rdquo; and may be subjected
to the excise tax under the Golden Parachute Laws (&ldquo;Payment&rdquo;), the total of such Payments that the Executive is entitled
to receive shall be subjected to a Maximum Limit. The Maximum Limit shall be the largest amount which would result in no Payment
being subject to any excise tax under the Golden Parachute Laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
and the Company agree that, if the aggregate of all the Payments exceeds the Maximum Limit, the Executive would only be entitled
to a portion of the Payments that he/she is eligible such that the total of the Payments that he/she receives would not exceed
the Maximum Limit. The Executive has the discretion to determine which specific Payment or portion thereof he/she chooses to receive
such that the aggregate of all Payments that he/she receives does not exceed the Maximum Limit.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">9.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
Company&rsquo;s Right and Authority to Modify, Amend, Suspend, or Terminate Compensation and Benefits. </B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
acknowledges and agrees that, to the extent permitted by law, the Company has the absolute right and authority to, at any time
and for any reason; and from time to time in its discretion may; modify, amend, suspend, or terminate the compensation and benefits
afforded to its Employees and Managerial Employees, and their policies and guidelines. Any such modification, amendment, suspension,
or termination can be accomplished by any means including, but not limited to, by resolutions to or by amending the respective
plans associated with the compensation or benefits.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">At any time
during the Term, the compensation and benefits in effect and available, and their policies and guidelines, are detailed in Company&rsquo;s
plan documents and resolutions which include but are limited to the Benefits Plan, Equity Plan, and Variable Compensation Plan.
At any time during the Term, the above stated plans that are in effect, together with the Employee Handbook, are available for
downloading and printing from Company&rsquo;s internal Human Resources website.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">At any time
during the Term, Executive&rsquo;s right to Company&rsquo;s compensation and benefits is governed by the plan associated with
the compensation and benefits that is in effect at that time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Other than
the rights provided to the Executive under the Equity Plan and any Variable Compensation Plan, as amended, the Executive and the
Company agree that any rights provided to the Executive and granted by the Company in the form of a resolution or otherwise before
the Effective Date, regardless whether it increases or impair the rights of the Executive, is hereby rescinded and terminated.
The rights that are rescinded and terminated include, but are not limited to, payment to the Executive contingent upon a Change
in Control memorialized in resolution made on or before the effective date of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">10.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
Conflicts. </B></B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The terms
of the official plan documents of the Benefit Plan shall govern over the language of any descriptions of the plans in any other
document, including any summary plan descriptions and Employee Handbook. If a conflict arises between this Agreement and the Benefit
Plan, the terms and conditions of the Benefit Plan shall govern.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If a conflict
arises between this Agreement and the Variable Compensation Plan, the terms and conditions of the Variable Compensation Plan shall
govern.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">If a conflict
arises between this agreement and any Award Agreement or the Equity Plan, the terms and conditions of the Award Agreement and
Equity Plan shall govern.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><BR CLEAR="ALL"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">11.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Governing
                                         Law.</B></FONT></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">This Agreement
shall be interpreted, construed, governed, and enforced according to the laws of the State of California.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">12.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Arbitration</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
of any dispute or controversy between Company and the Executive arising out of, relating to or in connection with any of the provisions
of this Agreement, any documents executed and delivered pursuant to this Agreement, compliance with this Agreement, and any claim
arising out of or relating to this Agreement, except with respect to prejudgment remedies, Company and the Executive hereby agree
that any such dispute(s) shall be submitted to final and binding arbitration at San Jose, California, before an Arbitrator chosen
mutually by Company and the Executive, or, absent such agreed choice within two (2) calendar weeks, from a list provided by the
Judicial Arbitration and Mediation Services and under the California Employment Dispute Resolution Rules of the American Arbitration
Association. The Arbitrator chosen shall be bound by the express terms of this Agreement; shall hear and determine all disputes
as presented to him or her as expeditiously and economically as possible, including where Company and the Executive mutually so
designate, the issuance of bench Award; and shall have the authority to award reasonable attorney&rsquo;s fees and all costs of
arbitration to the party, if any, the Arbitrator designates as the prevailing Party. Any award of the Arbitrator shall be final
and binding and may be confirmed as a final judgment in any Court of competent jurisdiction in California.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">13.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Attorney&rsquo;s Fees</B>.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">In the event
of any arbitration or litigation concerning any controversy, claim, or dispute between the parties arising out of or relating
to this Agreement or the breach or the interpretation hereof, the prevailing party shall be entitled to recover from the losing
party reasonable expense, attorneys&rsquo; fees, and costs incurred therein or in the enforcement or collection of any judgment
or award rendered therein. The &ldquo;prevailing party&rdquo; means the party determined by the arbitrator or court to have most
nearly prevailed, even if such party did not prevail in all matters, not necessarily the one in whose favor a judgment is rendered.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">14.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Legal Counsel/Capacity. </TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The Executive
expressly warrants and agrees s/he has been supplied with, has read and has been advised by Company, if he/she so desires, to
discuss the terms of this Agreement with his/her own legal counsel or anyone else he or she chooses. The Executive further warrants
and agrees that s/he fully understands the contents and effect of this document, approves and voluntarily accepts the terms and
provisions of the Agreement.</FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><BR CLEAR="ALL"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">15.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Successors and Assigns.</B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The rights
and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and
assigns of the Company. The Executive shall not be entitled to assign any of his/her rights or obligations under this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">16.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Entire Agreement.</TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">This Agreement
and the Proprietary Information and Inventions Agreement signed by the Executive on joining the Company constitute the entire
agreement between the parties with respect to the employment of the Executive and supersedes and replaces all prior or contemporaneous
agreements, whether written or oral including, without limitation. It fully supersedes any and all prior agreements or understandings,
written or oral, between the Executive and Company hereto pertaining to the subject matter hereof. This Agreement may not be amended
or modified in any respect whatsoever except by a writing duly executed by the Parties.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">17.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Amendments.</B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">No amendment
or modification of the terms or conditions of this Agreement shall be valid unless in writing and signed by the parties hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">18.</FONT></TD><TD><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>
<B>Severability</B>.</B></TD></TR></TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">All agreements
and covenants contained herein are severable, and in the event any of them shall be held to be invalid or unenforceable, this
Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">EXECUTIVE:</FONT></TH>
    <TH STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">SOCKET MOBILE,
    INC.:</FONT></TH></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left">&nbsp;</TH>
    <TH STYLE="vertical-align: bottom; text-align: left">&nbsp;</TH></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left">______________________________</TH>
    <TH STYLE="vertical-align: bottom; text-align: left">___________________________________</TH></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">[Name]</FONT></TH>
    <TH STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">Kevin
J. Mills</TH></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">Executive</FONT></TH>
    <TH STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">President and CEO</TH></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TH STYLE="text-align: left"><FONT STYLE="font-weight: normal; font-style: normal"></FONT></TH>
    <TH STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-weight: normal; font-style: normal">[David W. Dunlap, CFO for CEO]</TH></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.45in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&#9;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 13 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Exhibit
A of Agreement</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Title
and Duties of the Executive </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Executive
Name [Name]</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The
title of the Executive shall be [title].</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The
Executive shall serve in an executive capacity as an officer of the Company and shall perform such duties as are consistent with
his/her position and as may be required by the Company&rsquo;s Board of Directors or President and Chief Executive Officer [Board
of Directors only for the CEO]. As such, the Executive shall work as a member the executive team under the direction of the President
and Chief Executive Officer [Board of Directors for the CEO]. His/her duties include, without limitation, leading and coordinating
designated aspects of Company&rsquo;s efforts to develop and implement strategic and operating plans for the Company; executing
day-to-day general management of the Company, developing relationships with new distributors, customers, and suppliers; maintaining
and solidifying relationships with Company&rsquo;s existing distributors, customers, and suppliers; insuring that the Company
abides by its governance and ethics guidelines, and supporting the development and growth of the Company. The duties to be performed
by Executive may be changed from time to time by the Company&rsquo;s Chief Executive Officer or Board of Directors. The Executive
shall have full power and authority to manage and conduct all the business of the Company subject to the instructions and wishes
of the President and Chief Executive Officer [Board of Directors for the CEO].</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Base
Salary of the Executive</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">On the Effective
Date, the Executive&rsquo;s annual Base Salary shall be $[Amount].</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
