| 1. | Employment by Company.      The Company hereby agrees to employ the Employee, and the Employee      hereby accepts employment with the Company, upon the terms set forth in      this Agreement, as of May 15, 2009 (the “Effective Date”) and ending in      accordance with the provisions set forth in Paragraph 4    below. |
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| 2. | Title and Capacity.      The Employee shall serve as the Company’s Chief Financial Officer      and shall be responsible for the Company’s accounting and finance      functions as well as operations management duties undertaken by Image      Metrics Limited, which is Image Metric’s Parent Company (the “Parent      Company”). In this role, the Employee also shall perform such duties and      services, consistent with his position as an executive officer of the      Company, as may be assigned to him from time to time by the Company. The      Employee agrees to devote his entire business time, loyalty, attention and      energies to the business and interests of the Company during his      employment with the Company, and understands and agrees that he will be      based at the Company’s Santa Monica office. Provided that he notifies the      Company in advance, the Employee, however, shall have the right to sit on      the boards of other companies which the Company, in its sole discretion,      determines are not competitive with the Company or the Parent Company, and      to continue to engage in consulting and advisory activities provided these      do not require more than one business day during any one given month. The      Employee agrees to abide by the rules, regulations, instructions,      personnel practices and policies of the Company and any changes therein      that may be adopted from time to time by the Company, provided that the      Employee has been made aware of any such rules, regulations, instructions,      personnel practices, and/orpolicies. |
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| 3. | Compensation and      Benefits. |
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|   | a. | Salary. The      Company shall pay the Employee an annualized base salary of $225,000.      Twelve (12) months after his Effective Date the Employee’s annualized base      salary shall be reviewed. |
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|   | b. | Equity. The      Employee shall be granted options to purchase ordinary shares of the      Parent Company (the “Option”) equal to 1.5% of the fully diluted shares      outstanding as of the execution date of this agreement at a per share      option exercise price equal to the fair market value of the Parent      Company’s ordinary shares on the execution date of this agreement. The      Option shall become exercisable (“vest”) as follows: one sixth vesting 180      days from the date of the agreement, the remaining five sixths in equal      amounts over thirty (30) months from the 181st      day following the date of this agreement. No vesting shall occur after      termination of employment. The Option will be subject to all the terms,      conditions and termination provisions of the agreement under which it is      granted (the agreement must be executed by both parties to effect the      grant). The Employee agrees that he will provide all securities laws and      investment representations as the Company and/or the Parent Company      require prior to the grant of the Option. The Employee agrees to indemnify      and keep indemnified the Company and the Parent Company against all taxes      and social security costs which may arise in connection with the grant,      holding or exercise of the Option. |
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|   | c. | Fringe      Benefits. The Employee shall immediately be eligible to participate      in all benefit programs that the Company establishes and makes available      to its employees. The Company will pay the full cost of medical coverage      comparable to coverage currently provided to the Company’s executive      officers. |
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|   | d. | Paid Days Off.      The Employee shall be eligible for up to twenty (20) days of Paid Days Off      (PDO) per calendar year to be taken at such times as may be approved in      advance by the CEO or his designee, which approval shall not be      unreasonably withheld. The number of PDO for which the Employee is      eligible shall accrue at the rate of 2.08 days per month that he is      employed during such calendar year. PDO accrual will be capped at 1.75      times the Employee’s annual PDO accrual. When the Employee’s accrued PDO      reaches the cap, the Employee will not accrue additional PDO time until      some of the previously accrued PDO is used and the accrued amount falls      below the cap. |
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|   | e. | Sick Leave. In      the event a serious health condition, as defined below, makes the Employee      unable to perform the essential functions of his position, with or without      any reasonable accommodation, the Company shall continue to pay the      Employee for up to six (6) months in any one (1) year. If the Employee      remains unable to perform the essential functions of his position for more      than six (6) months, he shall be deemed to have a “disability” as defined      in Paragraph 4(d) of thisAgreement. |
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|   | i. | A      “serious health condition” means an illness, injury, impairment, or      physical or mental condition that involves one of the      following: |
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|   | 1. | Inpatient      care in a hospital, hospice, or residential medical care facility,      including any period of incapacity or subsequent treatment in connection      with or consequence to such inpatientcare. |
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|   | 2. | A      period of incapacity of more than three consecutive calendar days      (including any subsequent treatment or period of incapacity relating to      the same condition), that also involves: A) Treatment two or more times by      a health care provider; or B) Treatment by a health care provider on at      least one occasion which results in a regimen of continuing treatment      under the supervision of the health care  provider. |
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|   | 3. | A      chronic condition which: A) Requires periodic visits for treatment by a      health care provider; B) Continues over an extended period of time; and C)      May cause episodic rather than a continuing period of      incapacity. |
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|   | 4. | A      period of incapacity which is permanent or long-term due to a condition      for which treatment may not beeffective. |
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|   | 5. | Any      period of absence to receive multiple treatments (including any period of      recovery there from) by a health care provider either for restorative      surgery after an accident or other injury, or for a condition that would      likely result in a period of incapacity of more than three calendar days      in the absence of medical intervention or  treatment. |
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|   | ii. | The      Company retains the right to make an independent assessment of whether an      injury, illness, or impairment involving certain medical treatment      constitutes a “serious health condition” and the Employee will cooperate      with such evaluation. |
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|   | f. | Discretionary Annual      Performance Bonus. In order to serve as an incentive to the      Employee, following the end of each fiscal year in which the Employee is      employed by the Company and subject to the approval of the Company’s Board      of Directors, the Employee is eligible for a bonus of up to thirty percent      (15%) of his annualized base salary, provided that he meets the targets or      objectives set forth in his bonus plan, as determined by the Company in      its sole discretion. The Employee must be an active employee of the      Company on the date any bonus is distributed in order to be eligible for      and to earn any bonus award. The Company will distribute bonus and awards      90 days from the fiscal year end. |
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|   | g. | Withholdings.      All compensation payable to the Employee shall be subject to applicable      withholdings and taxes. |
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| 4. | Employment      Termination. The Employee’s employment by the Company pursuant to      this Agreement shall terminate upon the death or disability of the      Employee. For purposes of this Agreement, the term “disability” shall mean      a determination by a physician of the Company’s choosing that the Employee      is unable to perform the essential functions of his position by reason of      any mental or physical illness or impairment, with or without any      reasonable accommodation, for a period greater than six (6) months during      any 360-day period. |
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| 5. | Payment upon      Termination. Upon the termination of his employment, the Employee      (or the beneficiary or his estate, in the event of his death) shall be      entitled to receive earned but unpaid salary and accrued but unused PDO      earned through his last day worked. |
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|   | a. | If      the Employee is terminated by the Company, without cause, the Employee      will continue to receive his base salary for 120 days after the      termination date. The Company shall be deemed to have terminated the      Employee for “Cause” in the event that he has engaged in or committed (i)      willful misconduct, gross negligence, theft or fraud; (ii) any willful act      that has the effect of materially injuring the reputation, business or a      business relationship of the Company; (iii) breach of any material term of      this Agreement, or (iv) failure to perform against Company and Employee      goals. In the event the Company determines that Cause for termination      exists based on any of the foregoing grounds and such grounds are curable,      the Employee shall be given thirty (30) days to cure such Cause. After the      expiration of any such cure period, the Company shall make a determination      as to whether Employee has cured such ground for termination for      Cause. |
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| 6. | Proprietary and      Confidential Information, Developments and Non-Solicitation      Agreement. As a condition of employment, the Employee shall execute      the Proprietary and Confidential Information, Developments and      Non-Solicitation Agreement provided to him by the Company. The provisions      of such Proprietary and Confidential Information, Developments and      Non-Solicitation Agreement shall survive the termination of this      Agreement. |
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| 7. | No Conflict or Other      Agreements. The Employee represents that he has disclosed or is not      bound by any employment contracts, restrictive covenants or other      restrictions that prevent him from entering into employment with, or      carrying out his responsibilities for, the Company, or which are in any      way inconsistent with any of the terms of this  Agreement. |
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| 8. | Amendment. This      Agreement may be amended or modified only by a written instrument executed      by both the Company and theEmployee. |
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| 9. | Governing Law.      This Agreement shall be governed by and construed in accordance with the      laws of the State of California (without reference to the conflict of laws      provisions thereof). Any action, suit or other legal proceeding arising      under or relating to any provision of this Agreement shall be commenced      only in a court of the State of California (or, if appropriate. a federal      court located within the State of California), and the Company and the      Employee each consents to the jurisdiction of such a court. The Company      and the Employee each hereby irrevocably waive any right to a trial by      jury in any action, suit or other legal proceeding arising under or      relating to any provision of thisAgreement. |
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| 10. | Successors and      Assigns. This Agreement shall be binding upon and inure to the      benefit of both parties and their respective successors and assigns,      including any corporation with which or into which the Company may be      merged or which may succeed to its assets or business; provided, however,      that the obligations of the Employee are personal and shall not be      assigned by him. |
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| 11. | Acknowledgment.      The Employee states and represents that he has had an opportunity to fully      discuss and review the terms of this Agreement with an attorney. The      Employee further states and represents that he has carefully read this      Agreement, understands the contents herein, freely and voluntarily assents      to all of the terms and conditions hereof, and signs his name of his own      free act. |
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| 12. | Miscellaneous. |
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|   | a. | No      delay or omission by the Company or Employee in exercising any right under      this Agreement shall operate as a waiver of that or any other right. A      waiver or consent given by the Company or Employee on any one occasion      shall be effective only in that instance and shall not be construed as a      bar to or waiver of any right on any other  occasion. |
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|   | b. | The      captions of the sections of this Agreement are for convenience of      reference only and in no way define, limit or affect the scope or      substance of any section of thisAgreement. |
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|   | c. | In      case any provision of this Agreement shall be invalid, illegal or      otherwise unenforceable, the validity, legality and enforceability of the      remaining provisions shall in no way be affected or impaired      thereby. |
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| By:   | /s/ Michael Starkenburg      |
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|            | Michael      Starkenburg     |
|            | Chief      Executive Officer |

| /s/ Ron Ryder  |
|----------------|
| Ron      Ryder |

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