EMPLOYMENT AGREEMENT


 


 


 


PARTIES


 


 


 


This agreement (“Agreement”)
is made as of the 1st day of April, 2012 (“Effective Date”) between:


 


		(A)	On the one hand, Diligent Boardbooks Limited a UK Company, whose company number is 06029195
with the registered address New Derwent House, 69 - 73 Theobalds Road, London, WC1X 8TA, UK (“DBL,” the “Company,”
or “Employer”); and



 


		(B)	On the other hand, Charlie Horrell, an individual residing at
45 DeVere Gardens, London W8 5AW, UK (“Executive”).



 


		1.	Employment



 


		1.1.	DBL hereby agrees to employ the Executive and the Executive hereby
agrees to provide services as an employee to DBL on the terms and conditions set out in this Agreement ("Appointment").



 


		2.	Term



 


		2.1.	The Executive's employment will commence on 1 April 2012.



 


		2.2.	The Executive's continuous employment will commence on 1 April 2012
and no work undertaken previously with DBL, whether as a self employed consultant or otherwise, counts towards the Executive's
period of continuous employment.



 


		2.3.	subject to the remaining terms of this Agreement, the Appointment
shall thereafter continue unless or until terminated:



 


		(a)	For Cause, in accordance with Clause 6; or



 


		(b)	Other than for Cause, by either party giving the other not less than one hundred and eighty (180)days
prior written notice.



 


		2.4.	The Company may, in its sole and absolute discretion, terminate the
Appointment at any time and with immediate effect by paying a sum in lieu of notice ("Payment in Lieu") equal
to the Base Compensation (as at the date of termination) which the Executive would have been entitled to receive under this Agreement
during the notice period (or, if notice has already been given, during the remainder of the notice period) less income tax and
National Insurance contributions. The Company may pay any sums due under this clause in equal monthly installments.



 






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		2.5.	Following service of notice to terminate the Appointment
by either party, or if the Executive purports to terminate the Appointment in breach of contract, DBL may by written notice place
the Executive on garden leave for the whole or part of the remainder of the Appointment. During any period of garden leave:



 


		(a)	DBL shall be under no obligation to provide any work to the Executive
and may revoke any powers the Executive holds on behalf of the DBL;



 


		(b)	DBL may require the Executive to carry out reasonable alternative
duties or to only perform such specific duties as are expressly assigned to the Executive, at such location as DBL may reasonably
decide;



 


		(c)	The Executive shall continue to receive his Base Compensation and
all contractual benefits in the usual way and subject to the terms of any benefit arrangement;



 


		(d)	The Executive shall remain an employee of DBL and bound by the terms
of this Agreement;



 


		(e)	The Executive shall ensure that DBL knows where he will be and how
he can be contacted during each working day (except during any periods taken as holiday in the usual way);



 


		(f)	DBL may exclude the Executive from any premises of DBL and may require
the Executive not to contact or deal with (or attempt to contact or deal with) any officer, employee, consultant, client, customer,
supplier, agent, distributor, shareholder, adviser or other business contact of DBL.



 


		3.	Duties



 


		3.1.	During the Appointment, the Executive shall perform the duties set
forth on Schedule A, or such other duties that are commensurate with his role as Managing Director as DBL considers appropriate.



 


		4.	Hours and place of work



 


		4.1.	The Executive's normal place of work shall be DBL's headquarters
at Swan Centre, Fishers lane, Chiswick, London, W4 1RX or such other headquarters as the Company may reasonably determine. The
Executive agrees to travel on the Company's business (both within the United Kingdom or abroad) as may be required for the proper
performance of his duties during the Appointment.



 


		4.2.	The Executive will not be required to work outside the UK for more
than one continuous month during the Appointment.



 


		4.3.	The Executive's normal working hours shall be 9.00am to 5.00pm on
Mondays to Fridays and such additional hours as are necessary for the proper performance of his duties. The Executive acknowledges
that he shall not receive further remuneration in respect of such additional hours.



 


		4.4.	The Executive's working time in any reference period may exceed forty-eight
hours in any seven day period and the executive agrees to exclude his right to limit his working time to forty-eight hours a week
as specified in Regulation 4 of the Working Time Regulations 1998. The Executive must give the Company not less than three months
written notice if he wishes to withdraw his agreement. 



 


 


 


 


 


 


 


 


 


 


  






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		5.	Compensation



 


		5.1.	In return for all services rendered by the Executive and for all
covenants undertaken by the Executive pursuant to this Agreement, DBL shall provide and the Executive shall accept the following
(which is inclusive of any fees due to the Executive as an officer):



 


		(a)	Base Compensation. DBL shall pay the Base Compensation to
the Executive as provided in Schedule B; and



 


		(b)	Fringe Benefits. During the Appointment, DBL shall extend
to the Executive other fringe benefits as provided in Schedule B. DBL makes no provision for retirement or death in service benefits
to the Executive save as may be provided from time to time within the terms of DBL’s pension or profit sharing plan, if any,
or as may be required by law. Fringe benefits does not include stock options or bonuses.



 


		5.2.	The Company may deduct from the Base Compensation, or any other sums
owed to the Executive, any money owed to the Company by the Executive.



 


		6.	Termination of the
Executive for cause



 


		6.1.	DBL may terminate this Agreement for “Cause,”
with immediate effect without notice and with no liability to make any further payment to the Executive (other than in respect
of amounts accrued due at the date of termination) upon the occurrence of one or more of the following:



 


		(a)	The Executive is guilty of any gross misconduct affecting
the business of DBL;



 


		(b)	The Executive is, in the opinion of DBL, consistently
negligent and/or incompetent in the performance of his duties;



 


		(c)	The Executive commits any material act of dishonesty,
deceit, or breach of fiduciary duty in the performance of the Executive’s duties;



 


		(d)	The Executive neglects or fails, on a recurring basis,
to perform the Executive’s job duties as defined in Schedule A and/or any other lawful instruction from DBL;



 


		(e)	The Executive substantially violates any written policy
or reasonable expectation of DBL regarding behavior or conduct that has been communicated to the Executive by DBL or such behavior
or conduct is outside the remit of the Executive’s job description and Executive does not remedy such breach within thirty
(30) days after written notice from DBL;



 


		(f)	The Executive is convicted of, or pleads nolo contender,
to (i) any felony, or any misdemeanor involving moral turpitude or (ii) any crime or offense involving dishonesty with respect
to DBL;



 


		(g)	The Executive materially breaches any provision of
this Agreement and does not cure such breach within thirty (30) days after written notice from DBL, except that such remedy period
shall not apply to any breach by the Executive of the restrictive covenants in Clause 11 of this Agreement;



 


		(h)	The Executive is declared bankrupt or makes any arrangement
with or for the benefit of his creditors or has an administration order made against him; or



 


		(i)	The Executive becomes of unsound mind, or a patient
under any statute relating to mental health.



 


		6.2.	In the event DBL opts to terminate this Agreement for Cause, DBL
shall provide written notice of such termination which shall also specify the reason for such termination.



 






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		6.3.	In the event DBL terminates this Agreement for Cause, all obligations
of DBL under this Agreement shall terminate.



 


		7.	Incapacity of the Executive



 


		7.1.	If the
Executive is absent from work for any reason he must notify the Company Secretary of the reason for his absence as soon
as possible on the first day of absence.



 


		7.2.	In all cases of absence, a self-certification form,
which is available from the Company Secretary, must be completed on the Executive's return to work. For any period of incapacity
due to sickness or injury which lasts for seven consecutive days or more a doctor's certificate stating the reason for absence
must be obtained and supplied to the Company Secretary. Further certificates must be obtained if the absence continues for longer
than the period of the original certificate.



 


		7.3.	If the
Executive is absent from work for more than three days by reason of sickness or injury and satisfies the relevant requirements,
he will be entitled to statutory sick pay. The qualifying days for Statutory Sick Pay purposes are Monday to Friday.



 


		7.4.	The Executive agrees
to consent to medical examinations (at DBL's expense) by a doctor nominated by DBL should DBL
so require. The Executive agrees that any report produced in connection
with any such examination may be disclosed to DBL and DBL may
discuss the contents of the report with the relevant doctor.



 


		7.5.	If the Executive is unable for health reasons to perform
his duties for DBL for a continuous period of more than ninety (90) days, DBL shall have the right to terminate this Agreement
on written notice to Executive, such notice to be provided on or after the expiration of the ninety (90) day period. In such event,
the Executive shall be paid all compensation due under this Agreement until the date of termination provided in the notice.



 


		8.	Death of the Executive



 


		8.1.	This Agreement will terminate immediately upon the
death of the Executive and in such case the surviving named beneficiary or the Executive’s estate shall receive any compensation
earned and unpaid as of the date of the Executive’s death. 



 


		9.	Expenses



 


		9.1.	In addition to the compensation payable hereunder, the Executive
shall be entitled to incur other expenses (detailed in Schedule B) on behalf of DBL in the proper performance of the Executive’s
duties. The Executive will charge such expenses to DBL credit or charge cards or to DBL vendors or, if the Executive pays such
expenses from his own resources, the Executive will be reimbursed upon the submission of appropriate receipts.



 


		10.	Devotion to the Company



 


		10.1.	Throughout the Executive’s Appointment, the Executive will
devote 100% of the Executive’s professional and business hours and the Executive’s undivided attention to the business
and affairs of DBL and its divisions and affiliates, except as otherwise set forth in this Agreement.



 






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		10.2.	Nothing in this Agreement will preclude the Executive from devoting
reasonable periods of time as may be required to outside activities and engagements so long as those activities:



 


		(a)	will not reflect adversely on DBL;



 


		(b)	are not inconsistent with the mission or purposes of
DBL; and



 


		(c)	will not conflict with the Executive fulfilling his
duties hereunder, including, but not limited to, such activities as the following: (i) service as a director, trustee, or member
of a committee of any organization involving no conflict of interest with the interests of DBL; (ii) fulfilling speaking engagements,
teaching at continuing education seminars, or fulfilling other professional or business educational opportunities; and/or (iii)
engaging in charitable and community activities that are not inconsistent with the mission and purposes of DBL.



 


		11.	Restrictive covenants



 


		11.1.	Competition.
The Executive agrees that while this Agreement is in effect, and for a period of one year after its termination, the Executive
will not, without the prior written consent of DBL, engage, directly or indirectly, either as principal, agent, proprietor, director,
officer, employee or consultant, or participate in the ownership, management, operation or control, of any business or organisation
directly competitive with the business conducted by DBL at the date of termination of this Agreement. A business competitive with
the business of DBL shall include, without limitation, a business that manufactures, provides or markets software for digital board
books or board portals (whether delivered via the Application Service Provider model or as installed software) to desktop PCs,
laptops, iPads, PDAs, mobile phones and computing devices or any other form of computing or electronic device. Nothing in this
section shall prevent the Executive from purchasing securities of any business whose securities are regularly traded on any national
securities exchange, or in the over-the-counter market, provided that such purchases shall not result in the Executive owning,
directly or indirectly, at any time, one percent (1%) or more of the voting securities of any entity engaged in any business competitive
to that carried on by DBL at the termination of this Agreement. The geographic area of the restrictions set forth in this section
shall be Europe, including the UK.



 


		11.2.	The Executive agrees that while this Agreement is in
effect, and for a period of one year after its termination, the Executive will not, without the prior written consent of DBL, engage,
directly or indirectly, either as principal, agent, proprietor, director, officer, employee or consultant, or participate in the
ownership, management, operation or control, of any 'Nasdaq' named or owned company, ICSA Limited or Board Vantage Inc. The geographic
area of the restrictions set forth in this section shall be Europe, including the UK



 


		11.3.	Recruitment of personnel.
The Executive agrees that he will not, while this Agreement is in effect and for a period of one year thereafter, directly or indirectly,
individually or in conjunction with other persons, aid or endeavor to solicit or induce:



 


		(a)	any remaining workers, directors or employees of DBL
or its affiliates, or agents, licensees, franchisees, or consultants performing contracted work for DBL or its affiliates, to leave
their employment or independent contractor positions to accept employment or contractor positions with another person or entity,
or 



 


		(b)	then customers or prospective customers of DBL to obtain
from another person or entity products or services similar to or competitive with the products or services then sold or provided
by DBL. 



 


		(c)	The geographic area of the restrictions set forth in
this Clause 11.2(c) and its preceding subsections shall be Europe, including the UK.



 






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		12.	Confidential information



 


		12.1.	The Executive agrees that he will not, while this Agreement
is in effect or at any time thereafter, use or disclose, whether directly or indirectly, to any unauthorized person any trade secrets
or other confidential information of DBL or its affiliates. The Executive acknowledges and agrees that trade secrets and other
confidential information, whether created by the Executive in connection with his employment or by others, constitute DBL’s
sole and exclusive property. For purposes of this section, the term “Confidential Information” includes all
documents, materials and other information, whether in oral, written or electronic form, that have been created by the Executive
for DBL during the Executive’s employment, that have been or will be furnished by or on behalf of DBL to the Executive or
that the Executive becomes aware of in the course of his duties (or that have been or will be created for DBL while Executive is
employed by DBL) and includes, without limitation, all notes, analyses, compilations, materials, manuscripts, books, pamphlets,
tapes, CDs, products, product information, mailing lists, customer information and customer lists, business plans, business methods,
web site designs, technology information, software, source code, pricing information, and any studies or other documents or materials
prepared by the Executive which contain or reflect all or any portion of the originally disclosed materials. Notwithstanding the
foregoing, Confidential Information does not include information that:



 


		(a)	was or becomes generally available to the public other
than as a result of a disclosure by the Executive or the Executive’s agents; or



 


		(b)	becomes available to the Executive on a non confidential
basis from an independent source without breach of any confidentiality obligations; or



 


		(c)	which the Executive is required to disclose under applicable
laws or regulations or in connection with judicial or administrative proceedings, provided that to the extent possible the Executive
shall notify DBL if compelled to disclose Confidential Information prior to its disclosure, so as to permit DBL an opportunity
to seek a protective order or other appropriate relief it deems prudent. 



 


		12.2.	The Executive will return to DBL all documents and
other tangible evidence related to DBL’s trade secrets and any Confidential Information on termination of his employment
with DBL. No breach or alleged breach of this Agreement by DBL shall alter the obligations of Executive set forth in this Clause.



 


		13.	Right to injunctive relief and other remedies



 


		13.1.	The Executive agrees that the restrictions contained
in Clause 11 are necessary for the protection of DBL and any breach thereof may cause DBL irreparable harm for which there may
not be adequate remedy at law. The Executive consents in the event of such breach to the issuance of injunctive or other equitable
relief in favor of DBL restraining the breach of the Clause 11 covenants by any court having jurisdiction. The Executive agrees
that the rights of DBL to obtain an injunction shall not be considered a waiver of DBL’s rights to assert any other remedy
it may have at law or in equity. With regard to any preliminary injunctive or similar equitable relief that may be granted to enforce
the covenants set forth in Clause 11, the Executive waives the requirement of a bond being posted in connection with such relief.




 


		14.	Non-disparagement



 


		14.1.	During the Appointment and thereafter, the Executive shall not, directly
or indirectly, disparage or make negative, derogatory or defamatory statements about DBL, its business activities, or any of DBL’s
directors, officers, employees, affiliates, agents, or representatives to any other person or business entity. DBL shall use its
reasonable endeavours to ensure that its directors, officers, employees, affiliates, agents and representatives shall not, directly
or indirectly, disparage or make negative, derogatory or defamatory statements about the Executive.



 


		14.2.	Except pursuant to a subpoena validly issued or enforced by a court,
arbitrator, agency, or other governmental body of competent jurisdiction, or in response to a valid investigative demand by a governmental
body, neither the Executive nor DBL (including any of its directors, officers, employees, affiliates, agents and representatives)
will testify, consult, cooperate or otherwise communicate with any other person concerning any legal proceeding, judicial or administrative,
against or adverse to the Executive, DBL or an affiliate of DBL, actual or contemplated. The Executive and DBL shall give prompt
notice (i.e., no later than five (5) business days following receipt) to each other of any such subpoena or investigative demand
before taking any action in response thereto.



 






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		15.	Inventions



 


		15.1.	The Executive agrees that all inventions conceived of or developed
by the Executive during the term of the Executive’s employment with DBL, whether alone or jointly with others and whether
during working hours or otherwise, which relate to the business or interests of DBL shall be DBL’s exclusive property. With
respect to any invention, Executive shall (i) promptly disclose in writing to DBL each invention related to the business or interests
of DBL that is conceived or developed by the Executive during the term of Executive’s employment with DBL, (ii) assign all
rights to such inventions to DBL and (iii) assist DBL, at DBL’s expense, in every way to obtain and protect any patents,
trademarks or copyrights on such inventions. This Clause shall survive termination of this Agreement.



 


		16.	Miscellaneous



 


		16.1.	Disciplinary and grievance procedures. The Executive's
attention is drawn to the disciplinary and grievance procedures applicable to his employment, a copy of which is available from
the Company Secretary. These procedures do not form part of the Executive's contract of employment. If the Executive wishes to
appeal against a disciplinary decision he may apply in writing to the Company Secretary in accordance with the Company's disciplinary
procedure. If the Executive wishes to raise a grievance he may apply in writing to the Company Secretary in accordance with the
Company's grievance procedure.



 


		16.2.	Data protection. The Executive shall comply with any accepted
data protection policies or practices at DBL when handling personal data in the course of employment including personal data relating
to any employee, customer, client, supplier or agent of DBL. The Executive consents to DBL processing data relating to the Executive
for legal, personnel, administrative and management purposes and in particular to the processing of any sensitive personal data
(as defined in the Data Protection Act 1998) relating to the Executive. DBL may make such information available to those who provide
products or services to DBL (such as advisers and payroll administrators), regulatory authorities, potential or future employers,
governmental or quasi-governmental organisations and potential purchasers of DBL or the business in which the Executive works.
The Executive consents to the transfer of such information to DBL'S business contacts outside the European Economic Area in order
to further its business interests, even where the country or territory in question does not maintain adequate data protection standards.



 


		16.3.	Collective agreements. There are no collective agreements
applicable to the Executive's employment.



 


		16.4.	Severability. If any provision of this Agreement shall be
adjudicated to be invalid, it shall not affect the remaining provisions of this Agreement. In addition, if any provision of this
Agreement shall be adjudicated to be invalid as it relates to the restrictive covenants in Clause 11, such provision shall be modified
automatically to provide for the maximum restriction on the Executive that is lawful as, for example, by decreasing the geographical
area or duration of any such restriction.



 


		16.5.	Further assurances.
Each of DBL and the Executive agrees, at the expense of DBL, to do such acts and execute such documents as are reasonably necessary
to implement fully his or its respective covenants under this Agreement.



 


		16.6.	Succession. This Agreement
shall extend to and be binding upon Executive and his heirs, administrators and executors and upon DBL and its successors and assigns.



 






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		16.7.	Entire agreement; waiver.
This Agreement (and the attached Schedules) constitute the entire and only agreement between DBL and the Executive with respect
to the subject matter hereof. This Agreement supersedes all prior representations, agreements and understandings, whether oral
or written, upon the subject matter hereof, including, without limitation, the Executive’s employment with DBL. All waivers
and modifications of this Agreement shall be in writing and signed by the party against whom enforcement of such waiver or modification
is sought. No waiver or failure or delay by either party to enforce a right set forth in this Agreement shall operate as a waiver
of any term or condition of this Agreement as applied to the same or similar circumstances occurring thereafter.



 


		16.8.	Governing law. This Agreement and any dispute or
claim arising out of or in connection with it or its subject matter or formation shall be construed and interpreted in accordance
with the laws of England and Wales. The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction
to settle any dispute or claim arising out of or in connection with this Agreement or its subject matter or formation (including
non-contractual disputes or claims).



 


		16.9.	Notices. Any notice
or other communication required or permitted to be made or given to either party pursuant to this Agreement shall be sufficiently
made or given on the date of mailing if the notice or communication is in writing and is delivered by hand or sent to the recipient
by nationally recognized courier or certified mail, return receipt requested, addressed to the intended recipient at his or its
address set forth in the preamble to this Agreement or to such other address as the recipient shall have designated by written
notice given to the party providing notice.



 


		16.10.	Clause headings.
The clause headings in this Agreement are for convenience only and shall not be considered a part of, or modify, explain, enlarge,
restrict or in any way affect, the construction or interpretation of any provisions of this Agreement.



 


		16.11.	Counterparts.
This Agreement may be executed in counterparts. Facsimile and electronic signatures shall be treated as originals for all purposes
of this Agreement.



 






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WITNESS
the signatures of the parties hereto as of the date first written above.


 





		For and on behalf of 	 	 	 	 
		Diligent Boardbooks Limited 	 	 	The Executive	 
	 	 	 	 	 	 
	By:	/s/ Alessandro Sodi	 	By:	/s/ Charlie Horrell	 
	 	Alessandro Sodi, Director	 	 	Charlie Horrell	 
	 	 	 	 	 	 
	Date:	April 1, 2012	 	Date:	April 1, 2012	 







  



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SCHEDULE A


 





	Title:		Managing Director 
	Reports to:		Alessandro Sodi, Non Executive Director of DBL 
	Accountabilities:	·	Managing Director is responsible for addressing all significant matters relating to or affecting DBL from time to time.
	 	·	Managing Director is responsible for development of strategies to be employed by DBL, subject to Board of Directors of Diligent Board Member Services’ (“Parent”) approval.
	 	·	Managing Director is responsible for managing DBL within its annual budget.
	 	·	Managing Director is responsible for managing and supervising all of his direct reports.  Managing Director shall ensure that all employees of DBL are putting forth their best efforts on behalf of DBL.
	                      
	·	Managing Director shall report all significant matters to the DBL Board of Directors and shall obtain Board approval of
any such significant proposed initiatives.







 



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SCHEDULE B


 


Base compensation:





The Executive
will be entitled to base compensation of £200,000 sterling per annum ("Base Compensation").
The Base Compensation will accrue from day to day and will be paid monthly to the Executive by the Company in the third week of
the month for that month. The Base Compensation will be increased by a minimum of 5% on each anniversary of the Effective Date
over the next three (3) years and, following that time, may be increased further at the sole discretion of the Board of Directors
of the Parent.


 


Bonus compensation:





At the beginning of the second quarter
of every calendar year for the duration of this Agreement, the Board will consider approving a possible bonus payment to the Executive.
This payment will be at the sole discretion of the Board of the Parent. Among other things, the Board of the Parent shall consider
the performance of the Company measured against market conditions and current company performance.


 


Disability and term life insurance:


There currently is no disability or term life insurance offered
by Company.


 


Pension and profit sharing:





There is currently no profit sharing plan
offered by Company.


 


There is no entitlement to pensions benefits
in relation to the Executive's Appointment, but the Company shall provide access to a designated stakeholder pension scheme (Scheme)
as required by law. Full details of the Scheme are available from The Treasurer of the parent. The Company does not make any contributions
to the Scheme.


 


The Executive may make contributions to
the Scheme of an amount up to the lower of 100% of the Executive's salary and the annual allowance set by HM Revenue & Customs
from time to time. Such contributions shall be payable in equal monthly installments in arrears and shall be made by way of deduction
from the Executive's salary.


 


A contracting-out certificate is not in
force in respect of the Executives employment.


 


Vacation:


The Executive will be entitled to 5 calendar
weeks paid vacation per year - plus the public holidays in England and Wales and personal days - as per Company policy. The Executive
is entitled to his normal remuneration during such vacation.


 


Holiday dates must be agreed by the CEO
of the parent in writing in advance. The Company may require the Executive to take holiday on specific days which will be notified
to him.


 


The Executive cannot carry untaken holiday
entitlement forward from one holiday year to the following holiday year unless a period of statutory maternity, paternity or adoption
leave has prevented him from taking it in the relevant year.


 


Stock based compensation:


The Executive shall be entitled to participate
in the Parent’s 2007 and 2010 Stock Option and Incentive Plans and any successor plan available to other executives of DBL
(the “Plan”). Pursuant to the terms and conditions of the Plan, and upon execution by Executive of a Stock Option Agreement
substantially similarly to agreements executed by individuals previously awarded shares of the Parent’s common stock, the
Parent’s shall award the Executive options for shares of Parent’s common stock, as follows:


 



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Options for 400,000 shares of the Company’s
common stock exercisable according to the following schedule: 400,000 shares on or after March 31, 2015.


 


Tools:


Desktop and laptop computers, cell phones,
business cards and any other office equipment required by the Executive to fulfill his duties in the multiple countries in which
the Company operates will be provided by the Company as required. All marketing materials will be provided by the Company but remain
the property of the Company at all times.


 


Travel expense reimbursement:


The Executive shall be entitled to reimbursement
of reasonable travel expenses incurred in connection with travel on behalf of DBL, upon submission of appropriate documentation
and so long as they were incurred in accordance with DBL’s travel expense policy (as adopted and amended from time to time).


 


When traveling internationally on behalf
of Company, the Executive will be paid an additional £100 per day to cover personal expenses incurred.


 


Reservation of rights:


Nothing in this Schedule B shall be deemed
to limit the ability of the Company to adopt, amend, revoke or replace any fringe benefit plans or Company policies or from taking
any action in connection therewith that is applied uniformly to all executive employees of DBL.


  











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