0000944480-15-000043 Sample Contracts

Restricted Share Unit Agreement
Restricted Share Unit Agreement • July 31st, 2015 • Gse Systems Inc • Services-prepackaged software • Maryland

This Restricted Share Unit Agreement (this "Agreement") is made and entered into as of July 1, 2015 (the "Grant Date") by and between GSE Systems, Inc., a Delaware corporation, (the "Company") and Kyle Loudermilk (the "Grantee").

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EMPLOYMENT AGREEMENT
Employment Agreement • July 31st, 2015 • Gse Systems Inc • Services-prepackaged software • Maryland

This Employment Agreement, dated as of July 1, 2015, by and between GSE Systems, Inc., a Delaware corporation with principal executive offices at 1332 Londontown Blvd., Sykesville, MD 21784 (the "Company"), and Kyle Loudermilk, residing at 3525 Woodbine Street Chevy Chase, MD 20815 ("Executive"). The date on which the Executive commences work under the terms of this Employment Agreement shall not be later than 30 days after the date hereof and shall be referred to as the effective date (the "Effective Date").

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement • July 31st, 2015 • Gse Systems Inc • Services-prepackaged software • Maryland

This SEPARATION AGREEMENT AND GENERAL RELEASE (hereinafter the "Agreement") is entered into on the date first set forth below by and between James A. Eberle (hereinafter referred to as "Employee") and GSE Systems, Inc. (hereinafter referred to as the "Company") (collectively referred to as the "Parties").

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