Exhibit 10.6



 Exhibit 10.6 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT, (the
“Agreement”) is made by and between SFA, Inc., a Maryland corporation (the “Company”), and Mr. John Hillen (the “Executive”). 
 WHEREAS, the Company desires to employ Executive, and Executive desires to serve the Company on the terms and conditions set forth in this
Agreement. 
 In consideration of the foregoing and the covenants below, the Company and Executive agree as follows: 

1. Employment 
 (a) During the Term (as defined in Section 2 hereof), the Company shall employ Executive and Executive shall render services to the Company as President and Chief Executive Officer (CEO) of the
Company. Executive shall perform during his employment with the Company such duties and exercise such powers in relation to the business of the Company commensurate with his position as President and CEO of the Company. 
 (b) As such, Executive shall report to the Board of Directors of the Company (the “Board”). 
 (c) Executive shall have the authority to perform such actions consistent with his position and such other duties as may from time to time
be assigned to Executive by the Board. In the performance of his duties, Executive shall report to the Board, and shall comply with such limits on Executive’s authority as the Board may from time to time impose. Executive shall devote his full
and exclusive business time and best efforts to the performance of his duties under this Agreement and shall perform them faithfully and diligently; provided that Executive may (i) serve on corporate, civic or charitable boards or committees
and (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions and retain any remuneration received therefore as long as such activities do not interfere with the performance of his duties hereunder. 
 2. Term of Employment. The Company shall employ Executive commencing on August 18, 2008 (the “Effective
Date”) until he resigns or his employment is terminated in accordance with Section 4 below (the “Term”). Subject to the provisions of this Section 2 and earlier termination pursuant to Section 4 below, the
term of this Agreement shall commence as of the Effective Date and shall end on the first anniversary thereof, provided that, subject to earlier termination pursuant to the other terms hereof, commencing on the first anniversary of the Effective
Date, and on each anniversary of the Effective Date thereafter, the term of this Agreement shall automatically be extended for an additional year unless, not later than six (6) months prior to the expiration of the then-existing term, the
Company or the Executive shall have given notice not to extend the term of this Agreement. All periods during which the Executive is employed hereunder shall hereinafter be referred to as the “Term.” 







 3. Compensation. 
 (a) Salary. As full compensation for Executive’s services under this Agreement, Executive shall be entitled to an annual
gross salary at the rate of $380,000.00 US Dollars (“Base Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll practices. If Executive’s employment begins or terminates part way
through a payment period, his Base Salary will be prorated based on the actual number of days included in the period. All forms of compensation referred to in this Agreement are subject to applicable withholding and payroll taxes. 
 (b) Bonus. In addition to his Base Salary, Executive will also be considered for an annual bonus of up to a maximum of 80% of
the Base Salary. Bonuses are intended to reward exceptional effort which has increased the profitability of the Company during the Company’s previous financial year (“Financial Year”). To account for the Executive’s
employment for less than the full 2008 Financial Year, the Company will pay the Executive 60% of the bonus which would otherwise have been paid to Executive had he been employed for the full 2008 Financial Year. Receipt by Executive of a bonus in
relation to any Financial Year is not to be regarded as establishing an entitlement on the part of Executive to receive a bonus in relation to subsequent Financial Years or as to the amount of any such bonus. Bonuses are subject to Executive still
being employed by the Company at the date payment is due and to his not being under notice of termination on that date either given by Executive or the Company. 
 (c) Options. 
 (i) Initial Grant. Upon
commencement of the Term, the Executive will be granted (the “Initial Grant”) stock options (which shall be incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”) to the extent permitted by applicable tax rules) to purchase 7,411 shares of common stock of the Company. The exercise price shall be equal to $203.83 per share, the fair market value per share of the Company’s common
stock as of the date of the Initial Grant. The Initial Grant shall be made pursuant to the terms of the form of option agreement attached as an Exhibit hereto. 
 (ii) Additional Grants. The Executive will be eligible for stock option grants (each, if any, a “Supplemental
Grant”) after the Initial Grant (any Supplemental Grant together with the Initial Grant, “Options”) in the sole discretion of the Board taking into account the Executive’s performance, the performance of the Company
and other factors the Board determines to be relevant. The exercise price of any Supplemental Grant shall be the fair market value of the underlying shares on the date of grant. 
  

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 (iii) Vesting. 
 (a) The Executive’s Initial Grant shall vest as follows: (i) 25% will vest on the first anniversary of the date of
the Effective Date; (ii) 25% will vest on the second anniversary of the date of the Effective Date; (iii) 25% will vest on the third anniversary of the date of the Effective Date; and (iv) 25% will vest on the fourth anniversary of
the date of the Effective Date. 
 (b) Any Supplemental Grant shall vest as provided by the Board at the time of
grant. 
 (c) Notwithstanding anything herein to the contrary, in the event that Options are assumed or continued
by the Company or its successor entity, including the parent of the Company or its successor, in the sole discretion of the parties to the Change in Control and thereafter remain in effect following such Change in Control, then Options shall be
deemed vested and exercisable in full upon the date on which the Executive’s employment with the Company and its Subsidiaries or successor entity terminates if (i) such termination occurs within six (6) months of such Change in
Control and (ii) such termination is either by the Company (or successor entity) without Cause or by the Executive for Good Reason. If, following a Change in Control, to the extent that Options are not assumed or continued by the Company or its
successor entity, including the parent of the Company or its successor, vesting of such outstanding Options will accelerate to 100%. All Options will cease to vest upon death, disability or termination of employment. 
 (d) For purposes of this Agreement, “Change in Control” means: (i) an individual, person, general
partnership, limited partnership, limited liability partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative, association, foreign trust, foreign business organization or other entity, together with any
affiliate of the foregoing (other than (x) the Company, (y) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, or (2) Global Strategies Group Holdings S.A, or any affiliate thereof) (a
“Person”) acquires (other than solely by reason of a repurchase of voting securities by the Company) more than 50% of the combined voting power of the Company’s then total outstanding voting securities; (ii) there is
consummated a merger or consolidation of the Company with any other corporation or other entity, other than (A) a merger or consolidation which results in the voting securities of the Company outstanding immediately prior to such merger or
consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) at least 25% of the combined voting power of the securities of the Company or such
surviving entity or any direct or indirect parent thereof outstanding immediately after such merger or consolidation or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no
Person is or becomes the beneficial owner, directly or indirectly, of securities of the Company (meaning that such Person is

  

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entitled to the benefits of ownership although such Person does have possession of or title to such securities) (not including in the securities beneficially owned by such Person any securities
acquired directly from the Company or its affiliates) representing 50% or more of the combined voting power of the Company’s then outstanding securities; or (iii) the stockholders of the Company approve a plan of complete liquidation or
dissolution; provided, however, that in no event shall an initial public offering of the capital stock of the Company constitute a Change in Control for purposes of this Agreement. 
 4. Termination of Employment. 
 (a) Termination. Notwithstanding Section 2 above, the Company may terminate Executive’s employment prior to expiration of the Term for any of the following reasons:
(i) as a result of his death or Disability as provided in Section 4(b) below, (ii) for Cause as provided in Section 4(c) below or (iii) without Cause as provided in Section 4(d) below. 
 (b) Death; Disability. The Term shall terminate on Executive’s death or Disability, at which time the Company’s
obligations under this Agreement to pay further compensation shall cease forthwith, except that the Company shall pay Executive (or his estate or legal representative, as the case may be), in full and complete satisfaction of all of the
Company’s obligations under this Agreement, the following: (i) any accrued but unpaid Base Salary prorated on a daily basis up to the date of such termination: (ii) subject to submission of all required documentation, reimbursable
expenses accrued (but unpaid) as of the date of such notice of termination of the Executive’s employment; (iii) any accrued but unused vacation days paid at a rate determined consistently with Company policy; and (iv) any vested and
accrued employee benefits payable under the Company’s employee benefit plans (collectively, the “Accrued Rights”). As used in this Agreement, the term “Disability” shall mean a physical or mental disability or
incapacity of Executive, whether total or partial, that, in the good faith determination of the Company’s Board, has prevented him from performing substantially all of his duties under this Agreement during a period of two consecutive months or
for 180 (one hundred and eighty) days during any 12 (twelve) month period (or such longer period as may be required to comply with applicable law). 
 (c) Discharge for Cause. If Executive (i) willfully fails to perform his duties hereunder in a material manner and such failure shall not be discontinued promptly after written notice
to Executive thereof (which notice shall be signed by the Board or a designated officer of the Company and refer to a breach of the Employment Agreement); (ii) is charged with or indicted for a felony or other crime casting doubt on
Executive’s trustworthiness or integrity; (iii) (A) materially breaches any of his covenants under Sections 5(a) through 5(d) hereof or (B) knowingly and materially breaches any of his covenants under Section 5(e) hereof;
(iv) commits any act of dishonesty that is intended to result in personal enrichment of the Executive at the expense of the Company or (v) in bad faith, commits any act or omits to take any action, to the material detriment of the Company
(each of the foregoing (i) - (v) constituting “Cause”); then the Company may at any time by written notice terminate Executive’s employment and the Term, and Executive shall have no right to receive any compensation or benefit
from the Company hereunder on and after the effective date of such notice, except for any Accrued Rights. 
  

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 (d) Termination Without Cause. Notwithstanding anything to the contrary
contained elsewhere in this Agreement, the Company, in the sole discretion of the Board, shall have the right to terminate Executive’s employment during the Term at any time and for any reason, without Cause by written notice to Executive. In
the event that Executive’s employment is terminated without Cause, then the Company shall pay Executive as severance an aggregate amount equal to one (1) times his Base Salary. This severance shall be payable in equal installments, as and
when Executive’s Base Salary would have been payable. The Company shall have no other liability to Executive other than for the Accrued Rights and statutory unemployment benefits. Notwithstanding the foregoing provisions of this
Section 4(d), the payments described in this Section 4(d) shall immediately cease if the Executive violates any of the restrictive covenants contained in Section 5 of this Agreement. 
 (e) Termination By Executive For Good Reason Following a Change in Control. 
 (i) If, during the remainder of the then-effective Term following a Change in Control, Executive terminates his employment for Good Reason
then such termination shall be treated as a termination of Executive’s employment by the Company without Cause under Section 4(d) of this Agreement. For purposes of this Agreement, “Good Reason” shall mean (A) the
assignment to Executive of any duties materially and adversely inconsistent with his position as set forth in Section l(a) of this Agreement including, but not limited to status, office or responsibilities as contemplated under Section 1
herein, (B) a change in the Executive’s reporting relationship such that he no longer reports directly to the Board, (C) a material breach by the Company of any provision of this Agreement after receipt of written notice thereof from
the Executive and failure by the Company to cure the breach within thirty (30) days thereafter, or (D) the relocation of the Executive’s office as assigned to him by the Company to a location more than 50 miles from the
Executive’s office prior to the date of such relocation, except for travel reasonably required in the performance of Executive’s Responsibilities. 
 (f) During the Term, Executive may in his discretion with or without cause terminate his employment with the Company by giving the Company at least thirty (30) days written notice of his decision to
terminate his employment. 
 (g) Executive agrees that following any termination of his employment, he shall co-operate with the
Company in winding up or transferring to other Executives or members of the Board of the Company or such other individuals as may be directed by the Board of any pending work and shall also co-operate with the Company and/or any holding company,
parent company, associated company and/or subsidiary (the “Group”) (to the extent allowed by law and at the Company’s expense) in the defense of any action

  

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brought by any third party against the Company and/or the Group that relates to Executive’s duties; provided that such cooperation does not reasonably interfere with Executive’s
subsequent employment. The Company and Executive agree that their obligations under this Section 4(g) shall survive the termination of the Term. 
 5. Restrictive Covenants. 
 (a) Non-competition. For
so long as Executive is employed by the Company, and for a period of one year following termination of employment, Executive shall not, directly or indirectly, compete with, be engaged in the same business as, be employed by, act as a consultant to,
or be a director, officer, Executive, owner or partner of, any business or organization which competes with or is engaged in the same business as the Company or the Group is now engaged in or hereafter engages in during the Term; provided that
Executive’s ownership of the stock of any publicly traded entity or mutual fund will not be treated as a violation of this Section 5(a) if such ownership does not result in Executive’s indirect ownership of more than 1% of the
outstanding class of any equity securities of an entity that is competitive with the Company. 
 (b) Solicitation of
Clients. For so long as Executive is employed by the Company, and for a period of one year following termination of employment, Executive shall not directly or indirectly solicit or accept business of the type conducted by the Company and/or
the Group during the Term from any person or entity for whom (to the knowledge of Executive) the Company or the Group then or has, during the 12 (twelve) months preceding the date of termination, provided products and/or rendered services.

 (c) Interference. For so long as Executive is employed by the Company and for a period of one year following
termination of employment, Executive shall not, either directly or indirectly, interfere with the Company and/or the Group’s contracts and relationships, or prospective contracts and relationships, including, but not limited to, the Company
and/or the Group’s customer or client contracts and relationships. 
 (d) Solicitation of Executives. For so
long as Executive is employed by the Company and for a period of one year following termination of employment, Executive shall not directly or indirectly encourage or solicit to leave from the Company and/or the Group’s employ, or solicit to
join the employ of another person, firm or corporation any executive of the Company and/or the Group or any person who has been such as executive during the 12 (twelve) months preceding the date of termination; provided, however, that Executive may
solicit any executive whose employment was terminated by the Company and/or the Group without Cause. 
 (e) Confidential
Information. 
 (i) Executive agrees that during his employment with the Company he will have access to
Confidential Information of the Company and/or the Group to enable him to optimize the performance of his duties to the Company and/or the Group. Executive agrees to use such Confidential Information solely for the Company and/or the

  

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Group’s benefit during his employment hereunder. Executive agrees that upon the termination of his employment in accordance with Section 4, the Company shall have no obligation to
provide or otherwise make available to him any of its Confidential Information. Executive understands that “Confidential Information” means any Company and/or Group proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products, services, customer/client lists and customers/clients (including, but not limited to, customers/clients of the Company and/or the Group on whom Executive called or with whom Executive
became acquainted during the Term), markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances or other business information disclosed to him
by the Company and/or the Group either directly or indirectly in writing, orally or by drawings or observation of parts or equipment. Executive further understands that Confidential Information does not include any of the foregoing items which has
become publicly known and made generally available through no wrong act or omission of his or of others who were under confidentiality obligations as to the item or items involved or improvements or new versions thereof. 
 (ii) Executive agrees, at all times during the Term and thereafter, to hold in strictest confidence, and not to use, except
for the exclusive benefit of the Company and/or the Group, or to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Company, any Confidential Information of the Company and/or the Group.

 (iii) Executive agrees that he shall not, during the Term and thereafter, improperly use or disclose any
proprietary information or trade secrets of any former employer or other person or entity and that he will not bring onto the premises of the Company any unpublished document or proprietary information belonging to any such employer, person or
entity unless consented to in writing by such employer, person or entity. 
 (iv) Executive recognizes that the
Company and/or the Group has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company and/or the Group’s part to maintain the confidentiality of such information
and to use it only for certain limited purposes. Executive agrees to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in
carrying out his work for the Company and/or the Group consistent with the Company’s agreement with such third party. 
 (v) Executive will at all times during this Agreement be in a position to make use of information in the performance of his duties. However, if he has any concerns as to whether or not it is appropriate
for him to use such information he must draw it to the attention of the Board, who will give appropriate advice. 
  

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 (vi) Executive agrees that, at the time of leaving the employ of the
Company, he will deliver to the Company (and will not keep in his possession, recreate or deliver to anyone else) any and all Confidential Information, including, but not limited to, any devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items developed by Executive pursuant to his employment with the Company or otherwise belonging
to the Company and/or the Group, their successors or assigns. 
 (vii) In the event that Executive leaves the
employ of the Company, Executive hereby grants consent to notification by the Company to his new employer about his rights and duties under this Agreement. 
 (viii) If Executive breaches his obligation of confidentiality hereunder, Executive shall be liable to the Company for all damages (direct or consequential) incurred as a result of Executive’s
breach. 
 (f) Divisibility. It is the intent of the parties that the provisions of this Section 5 be
enforced to the fullest extent permitted by applicable law. Accordingly, the provisions contained in this Section 5 as to the time period, geographic area and scope of activities restricted shall be deemed divisible, so that if any provision
contained in this Section 5 is determined to be invalid or unenforceable, that provision shall be deemed modified so as to be valid and enforceable to the fullest extent lawfully permitted. 
 (g) Relief. Executive acknowledges that the provisions of this Section 5 are reasonable and necessary for the
protection of the Company and that: (i) Executive’s services are and will remain special and extraordinary and have and will have a peculiar value, the loss of which cannot be reasonably or adequately compensated in damages in any action
at law; (ii) Executive is willing to comply with the restrictions contained in this Section 5; (iii) the restrictions contained in this Section 4 will not impair Executive’s ability to earn a living in any businesses other
than those businesses from which Executive is prohibited during the time of such restriction; and (iv) a breach of Executive’s obligations under this Section 5 hereof will cause the Company irreparable injury and damage. Accordingly,
Executive agrees that the Company shall be entitled to injunctive and other equitable relief for the purpose of restraining Executive from violating such covenants (and no bond or other security shall be required in connection therewith), in
addition to any other relief to which the Company may be entitled. 
 (h) Survival. The Company and
Executive agree that their obligations under this Section 5 shall survive the Term. 
 6. Representations, Warranties
and Agreements. Executive hereby represents, warrants and agrees as follows: 
 (a) Ability to Perform.
Executive is free to enter into this Agreement, and to keep fully and perform all of Executive’s agreements, covenants and conditions hereunder. Executive has not done and will not do any act or thing nor make any

  

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agreement, commitment, grant or assignment which might interfere with or impair the complete enjoyment of the rights granted and the services to be rendered to the Company. Executive is under no
contractual or other restriction or obligation which is inconsistent with the execution of this Agreement, the performance of Executive’s duties hereunder or the other rights of the Company hereunder. Executive is aware of no impediments or
restraints that would hinder the performance of Executive’s duties under this Agreement. This Agreement constitutes the valid and legally binding obligation of Executive, duly enforceable against Executive in accordance with the terms hereof.

 (b) Indemnification. Executive shall indemnify and hold the Company harmless from and against, any and all
liability, claims, actions, penalties and expenses, including attorney’s fees and expenses, which the Company may suffer by reason of any breach or alleged breach of any representation, warranty or agreement made by Executive under this
Section 6. 
 7. Miscellaneous. 
 (a) Survival. The covenants, agreements, representations and warranties contained in or made pursuant to this Agreement shall
survive the Term. 
 (b) Third Party Beneficiaries. This Agreement does not create, and shall not be construed as
creating, any rights enforceable by any person not a party to this Agreement, other than members of the Group, which me intended to be beneficiaries of Executive’s obligations. 
 (c) Assignment. This Agreement is not assignable by either party; provided, however, that the Company shall have the
right to assign this Agreement to any person or entity controlling, controlled by or under common control with the Company, or to any person or entity to whom or which the business of the Company may be transferred. All covenants and agreements
hereunder shall inure to the benefit of and be binding, upon the Company’s successors and assigns. 
 (d) Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland applicable to agreements made and to be performed in that state, without reference to its principles of conflicts of law. Executive
hereby expressly consents to the personal jurisdiction of the state and federal courts located in the State of Maryland for any lawsuit filed there against Executive by the Company concerning his employment or the termination of his employment or
arising from or relating to this Agreement. Each of the parties hereto irrevocably waives any and all right to a trial by jury in any legal proceeding arising out of or related to this Agreement. If any party institutes legal action to enforce or
interpret the terms and conditions of this Agreement, each party shall pay its own fees and costs in connection therewith. 
  

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 (e) Notices. Any notice or other communication under this Agreement shall be
in writing and shall be considered given when delivered personally or when mailed by registered mail, return receipt requested, to the parties at the following addresses (or at such other address as a party may specify by notice given hereunder to
the other): 
 If to the Company at: 
 SFA, Inc. 
 Board of Directors 
 c/o Chairman of the Compensation Committee 
  
 SFA, Inc. 
 2200 Defense Highway 
  
 Suite 405 
 Crofton, MD 21114 
  
 if to Executive at the last address on file with the Company’s Human Resource department. 
 (f) Enforceability. If any term or provision or part of this Agreement is invalid, illegal or unenforceable, in whole or in
part, such term or provision or part shall to that extent be deemed not to form part of this Agreement, but the validity and enforceability of the remainder of this Agreement shall not be affected, and if any provision is inapplicable to any person
or circumstance, it shall nevertheless remain applicable to all other persons and circumstances. If any covenant should be deemed invalid, illegal or unenforceable because its scope or area is considered excessive, such covenant shall be modified so
that the scope or area of the covenant is reduced only to the minimum extent necessary to render the modified covenant valid, legal and enforceable. 
 (g) Waiver. The failure of a party to this Agreement to insist on any occasion upon strict adherence to any term of this Agreement shall not be considered to be a waiver or deprive that
party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing. 
 (h) Complete Agreement. This Agreement supersedes all prior or contemporaneous agreements between the parties with respect to its subject matter, and is intended as a complete and exclusive
statement of the terms of the agreement between the parties with respect to its subject matter, and cannot be changed or terminated except by a writing signed by the parties. 
 (i) Headings. The section headings of this Agreement are for reference purposes only and are to be given no effect in the
construction or interpretation of this Agreement. 
 (j) Counterparts. This Agreement may be signed in multiple
counterparts, each of which shall be deemed an original. Any executed counterpart returned by facsimile shall be deemed an original executed counterpart. 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

									
	SFA, Inc.	 		 	
					
	By:	 	/s/ Thomas A. Wilson	 		 		 	8/14/2008
		 		 		 		 	Date
	Its:	 	 	 		 		 	
				
	John Hillen (“Executive)	 		 		 	
				
	/s/ John Hillen	 		 		 	8/15/2008
		 		 		 		 	Date

  

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 AGREEMENT 
 This AGREEMENT is made by and between Global Strategies Group (North America) Inc., a Maryland Corporation (f/k/a SFA, Inc.) (the
“Company”) and John Hillen (the “Executive”). 
 WHEREAS, pursuant to the terms of the
Employment Agreement entered into by and between the Company and the Executive on August 18, 2008, (the “Employment Agreement”) the Company currently employs the Executive in the capacity of President and Chief Executive Officer
(“CEO”); and 
 WHEREAS, the Company desires to separate the positions of CEO and President such that the position of
President of the Company will be held by an individual other than the Executive; and 
 WHEREAS, the Company desires to continue
to employ the Executive in the capacity of CEO of the Company. 
 In consideration of the foregoing and the covenants below, the
Company and Executive agree as follows: 
 1. Executive shall continue in all material respects to perform the duties and bear
the responsibilities of CEO of the Company, as those duties and responsibilities are set forth in the Employment Agreement. 
 2. The Company may retain another individual who will be employed in the capacity of President of the Company. 
 3.
Effective upon election of another individual as President of the Company, Section l(a) of the Employment Agreement is amended to delete the words “President and” in each place where such words appear. 
 4. The change in position contemplated by this Agreement shall not constitute Good Reason, as that term is defined in the Employment
Agreement, and the Executive hereby waives any and all claims that may arise from the change contemplated by this Agreement. For avoidance of doubt, Section l(a) of the Employment Agreement, as herein amended, shall apply for purposes of determining
the existence of Good Reason following such amendment. 







 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

									
	Global Strategies Group (North America) Inc.	 		 		 	
					
	By:	 	/s/ Lisa A. Broome	 		 		 	11/17/08
	Its:	 	Lisa A. Broome	 		 		 	Date
		 	Secretary	 		 		 	
				
	/s/ John Hillen	 		 		 	10 Nov 08
	John Hillen (“Executive)	 		 		 	Date

  

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 AMENDMENT 
 TO THE 
 EMPLOYMENT AGREEMENT BETWEEN 
 GLOBAL STRATEGIES GROUP (NORTH AMERICA) INC. 
 AND JOHN F. HILLEN 
 This Amendment (this “Amendment”) to that
certain Employment Agreement between Global Strategies Group (North America) Inc. (the “Company,” formerly known as SFA, Inc.) and John F. Hillen, (the “Executive”) dated as of August 18, 2008 (the “Employment
Agreement”) is made as of this 20th day of October, 2009 (the “Amendment Date”), by and between the Company and the Executive. Except as set forth is this Amendment, capitalized terms used herein but not defined herein shall have the
meanings ascribed to them in the Employment Agreement. 
 WITNESSETH 
 WHEREAS, the Company and the Executive desire to amend the terms of the Employment Agreement; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Executive and the
Company (collectively, the “Parties”) hereby agree as of the Amendment Date to the following: 
 1. Amendment to
the Employment Agreement. Effective as of the Amendment Date, the Employment Agreement is hereby amended as follows: 
 (a)
Section 4(d) of the Employment Agreement is amended to read in its entirety as follows: 
 (d)
Termination Without Cause. Notwithstanding anything to the contrary contained elsewhere in this Agreement, the Company, in the sole discretion of the Board, shall have the right to terminate Executive’s employment during the Term
at any time and for any reason, without Cause by written notice to Executive. In the event that Executive’s employment is terminated without Cause, then the Company shall pay Executive as severance an aggregate amount equal to one
(1) times his Base Salary and, notwithstanding the requirement of Section 3(b) that the Executive be employed on the bonus payment date, the amount of any unpaid bonus for a previous year and a pro rated bonus amount for the year during
which the termination occurs. Subject to Section 7(k), this severance shall be payable as and when Executive’s Base Salary or bonus would otherwise have been paid but in the case of the bonus amount, no earlier than January 1 and no
later than December 31 of the year following the year with respect to which the bonus was earned. The pro rated bonus for the year of the termination shall be determined in accordance with the Company’s bonus plan based on the portion of
time that Executive worked during the Financial Year in which the date of termination occurs and Executive’s salary as of the date of termination. The Company shall have no other liability to Executive other than for the Accrued Rights [and
statutory unemployment benefits]. Notwithstanding the foregoing provisions of this Section 4(d), the payments described in this Section 4(d) shall immediately cease if the Executive violates any of the restrictive covenants contained in
Section 5 of this Agreement. 







 (b) Section 4(e) of the Employment Agreement is amended to read in its entirety as
follows: 
 (i) If, during the remainder of the then-effective Term following a Change in Control, Executive
terminates his employment for Good Reason then such termination shall be treated as a termination of Executive’s employment by the Company without Cause under Section 4(d) of this Agreement. For purposes of this Agreement, “Good
Reason” shall mean (A) the assignment to Executive of any duties materially and adversely inconsistent with his position as set forth in Section l(a) of this Agreement including, but not limited to status, office or responsibilities as
contemplated under Section 1 herein, (B) a change in the Executive’s reporting relationship such that he no longer reports directly to the Board, (C) a material breach by the Company of any provision of this Agreement after
receipt of written notice thereof from the Executive, or (D) the relocation of the Executive’s office as assigned to him by the Company to a location more than 50 miles from the Executive’s office prior to the date of such relocation,
except for travel reasonably required in the performance of Executive’s Responsibilities. The Executive must notify the Company of the existence of a condition constituting Good Reason within ninety (90) days of occurrence of the condition
and the Company shall have thirty (30) days thereafter during to cure such event. 
 (c) Section 7 of the Employment
Agreement is amended by the addition of new subsection 7(k) which shall read as follows: 
 (k)
Section 409A Compliance and Specified Employee. 
 (i) Notwithstanding anything to the
contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement shall be provided in accordance with the requirements of Treasury Regulation Section 1.409-3(i)(1)(iv), such that any in-kind benefits and
reimbursements provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of medical expenses
referred to in Section 105(b) of the Code, and any in-kind benefits and reimbursements shall not be subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must
be timely submitted by Executive and, if timely submitted, reimbursement payments shall be promptly made to Executive following such submission, but in no event later than December 31st of the calendar year following the calendar year in which
the expense was incurred. In no event shall Executive be entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind
benefits and reimbursements that would result in taxable compensation income to Executive. 
 (ii) If the
Executive is treated as a “specified employee” (as determined by the Company in its discretion in accordance with applicable regulations under Section 409A of the Code) at the time of his or her separation from service (within the
meaning of Section 409A of the Code) from the Company and each employer treated as a single

  

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employer with the Company under Section 414(b) or (c) of the Code, and if any amount(s) of nonqualified deferred compensation (within the meaning of Section 409A of the Code) are
payable by the Company or a member of the Group by reason of the Executive’s separation from service, then payment of the amounts so treated as nonqualified deferred compensation which would otherwise be payable during the six month period
following the Executive’s separation from service will be withheld by the payor and paid in a single lump sum on the earliest of (i) the first business day which is at least six months and one day following the date of such separation from
service, (ii) the death of the Executive, or (iii) such earlier date on which payment is permitted under Section 409A(a)(2)(B) of the Code. The rules of this section are intended to comply with Section 409A(a)(2)(B) of the Code
and shall be interpreted consistent with such section. Any series of payments due under this Agreement shall for all purposes of Section 409A of the Code be treated as a series of separate payments and not as a single payment. 
 2. No Other Amendment. Except as expressly set forth in this Amendment, the Employment Agreement shall remain unchanged and shall
continue in full force and effect according to its terms. 
 3. Acknowledgement. The Executive acknowledges and agrees
that he has carefully read this Amendment in its entirety, fully understands and agrees to its terms and provisions and intends and agrees that it be final and legally binding on the Executive and the Company. 
 4. Governing Law; Counterparts. This Amendment shall be construed in accordance with the laws of the State of Maryland without
reference to principles of conflicts of law and may be executed in several counterparts by the Parties. 
 IN WITNESS WHEREOF,
the Executive has hereunto set the Executive’s hand and the Company has caused this Amendment to be executed in its name on its behalf, all as of the day and year first above written. 
  

			
	GLOBAL STRATEGIES GROUP (NORTH AMERICA) INC.
		
	By:	 	/s/ Thomas Wilson
	Name:	 	Thomas R. Wilson
	Title:	 	Chairman of the Board of Directors


  

	
	JOHN F. HILLEN
	
	/s/ John F.
Hillen                                        
    


  

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