Document:

Exhibit

Exhibit 10.2

CONSULTING AGREEMENT

This Consulting Agreement (“Consulting Agreement”) is entered into by and between Blucora, Inc., a Delaware Corporation, (the “Company”) and Eric Emans (“Consultant”), as of the 25th day of October, 2017 and is to be effective as of November 2, 2017 (the “Effective Date”).  The Company and Consultant shall be referred to herein individually as a “Party” and collectively as the “Parties.”  

RECITALS

Consultant was employed by the Company as its Chief Financial Officer pursuant to the Amended and Restated Employment Agreement dated January 6, 2015, as amended by Amendment No. 1 to Amended and Restated Employment Agreement by and between Blucora and Eric M. Emans dated January 22, 2016, and Amendment No. 2 to Amended and Restated Employment Agreement by and between Blucora and Eric M. Emans dated October 25, 2016 (the “Employment Agreement”).
Consultant’s employment pursuant to the Employment Agreement will terminate effective November 1, 2017, pursuant to Section 6(e) of the Employment Agreement.
The Company wishes to utilize certain services which can be performed by Consultant, and Consultant can provide and desires to render to the Company such services, and the Parties agree that it would be to their mutual advantage to execute this Consulting Agreement and thereby define the terms and conditions which shall control the rendering of services provided to the Company by Consultant. 
Except as explicitly modified by this Consulting Agreement (i) Consultant will be entitled to all of the payments and benefits provided for in Section 6(e) of the Employment Agreement in addition to the consideration provided for in this Consulting Agreement; and (ii) the terms of the Employment Agreement will survive the termination of the Employment Agreement to the extent their survival is intended to survive such termination as provided for in the Employment Agreement.
In consideration of the promises and mutual covenants in this Consulting Agreement, the Company and Consultant agree as follows:
		
	I.
	SERVICES TO BE PROVIDED BY CONSULTANT

A.    Description of Services.  
i.    Consultant agrees to provide various services relating to the Company’s financial and tax needs and requirements, and to perform for the Company such other services requested from time to time by the Company’s Chief Executive Officer (“CEO”) or the CEO’s designee during the Term (as defined below).  Consultant shall (i) cooperate fully and provide assistance, at the request of the Company, in the orderly transitioning of Consultant’s duties and responsibilities to such other persons as the Company shall designate, (ii) transfer or otherwise make available to employees designated by the Company all of Consultant’s knowledge and experience regarding the Services and the Company; and (iii) accomplish a smooth transition of Consultant’s responsibilities to any successors.  In addition to the specific duties and responsibilities set forth above, Consultant shall fulfill any other duties or responsibilities reasonably requested by the Company.  The services to be performed by Consultant as set forth in this Section are referred to collectively as the “Services”.  In performing the Services, Consultant shall not be involved in setting Company policy.

ii.    The Consultant shall report directly to the Company’s CEO.  Consultant agrees that Consultant shall from time to time during the Term keep the Company advised as to Consultant’s progress in performing the Services hereunder and that Consultant shall, as requested by the Company, prepare written reports with respect thereto.  It is understood that the time required in the preparation of such written reports shall be considered time devoted to the performance of Consultant’s Services.  
iii.    The Company shall provide Consultant an office in Bothell, Washington, and a laptop, but Consultant shall provide all other equipment to perform the Services. Consultant agrees to travel to the Company’s headquarters located at 6333 State Highway 161, Irving, Texas 75038 or at such other locations as shall be designated by the Company from time to time for one leadership team meeting per month and on an as-needed basis.  Consultant agrees to make himself reasonably available by cellular phone during the Term.  The Company shall be responsible for all of Consultant’s travel and related expenses associated with rendering the Services, but only in accordance with the Company’s existing policies and procedures on travel and other expense reimbursements.  Consultant shall abide by any and all applicable laws and regulations related to the performance of the Services.  
B.    Consultant’s Standard of Care.  Consultant shall perform such Services in a diligent, trustworthy, and business-like manner in compliance with all applicable laws and regulations, the Company’s policies (including insider-trading policies) and in accordance with this Consulting Agreement.  
C.    Company’s Reliance.  The Company is entering into this Consulting Agreement in reliance on Consultant’s special and unique abilities in rendering the Services.  Consultant represents that Consultant is duly licensed (as applicable) and has the qualifications, the experience, and the ability to properly perform the Services. 
D.    Representations by Consultant.  Consultant represents to the Company that Consultant is under no contractual, legal or fiduciary obligation or burden that reasonably may be expected to interfere with Consultant’s ability to perform the Services in accordance with the Consulting Agreement’s terms, including without limitation any agreement or obligation to or with any other company.  
E.    Nature of Relationship Between Parties.  Consultant will render the Services in this Consulting Agreement as an independent contractor.  Except as otherwise specifically agreed to by the Company in writing, Consultant will have no authority or power to bind the Company with respect to third parties and Consultant shall not represent to third parties that Consultant has authority or power to bind the Company.  It is not the intention of the Parties to this Consulting Agreement to create, by virtue of this Consulting Agreement, any employment relationship, trust, partnership, or joint venture between Consultant and the Company or any of its affiliates or subsidiaries, to make them legal representatives or agents of each other or to create any fiduciary relationship or additional contractual relationship among them.  
		
	II.
	COMPENSATION FOR SERVICES

A.    Consultant Fee.  As full compensation for the Services rendered pursuant to the Consulting Agreement, the Company shall pay Consultant a rate of $50,500 per month (“Monthly Rate”) during the Term and a fee of $550,000 upon termination of the Consulting Agreement and all Services on February 28, 2018, or such date thereafter as may be agreed upon by the parties for completion of Services, for any reason (“Final Fee”, and together with the Monthly Rate, the “Consultant Fee”), provided the Consultant presents necessary and appropriate documentation detailing the Services performed or as requested by the Company.  The Consultant Fee shall be payable in accordance with the Company’s standard accounting practices, and no later than (i) with respect to the Monthly Rate, thirty (30) days following the end of the month in which the Services are rendered, and (ii) with respect to the Final Fee, thirty (30) days following the end of the 

month in which the Consulting Agreement terminates.  In addition to the Consultant Fee, and notwithstanding Section 6(e)(iii)(B) of the Employment Agreement, as additional compensation for the Services, the Company agrees, in addition to the extension of the exercise period for the stock options covered by Section 6(e)(iii)(B) of the Employment Agreement, to take all commercially reasonable actions to provide that any outstanding stock options with respect to the Company’s common stock held by Consultant as of the date of this agreement, to the extent vested either pursuant to their respective vesting schedules or pursuant to the acceleration of vesting provided for in Section 6(e)(iii)(A) of the Employment Agreement, shall remain exercisable until the first to occur of June 30, 2019, or each such stock option’s original expiration date. 
B.    Attorneys Fees.  The Company shall pay or reimburse Consultant for the reasonable attorney or professional fees incurred by Consultant in connection with the review of the Consulting Agreement and any related documents, up to a maximum of $10,000.00, provided that Consultant provides the Company an invoice documenting such attorneys or professional fees.  Such payment will be made promptly following the date the Consulting Agreement is executed.  
C.    Sole Payment.  The Consultant Fee constitutes the sole compensation to which Consultant shall be entitled for performance of the Services pursuant to the Consulting Agreement.  Except as set forth in this Consulting Agreement, Consultant shall not receive, and shall have no entitlement to, any further or other compensation and/or benefits in connection with this Consulting Agreement or the Services.  In the event of the death or disability of Consultant, he or his heirs shall be entitled to payment of the Final Fee.  If such death or disability occurs prior to February 28, 2018, the Final Fee payable to Consultant or his heirs will be reduced on a pro rata basis through the last date worked.
D.    No Benefits.  Consultant shall at all times be an independent contractor (and not an employee or agent of the Company); therefore, Consultant shall not be entitled to participate in any benefit plans or programs that the Company provides or may provide to its employees, including, but not limited to, pension, profit-sharing, medical, dental, workers’ compensation, occupational injury, life insurance and vacation or sick benefits; provided, however, that Consultant will not be required to work holidays recognized by the Company or days as agreed by Consultant and the CEO. 
E.    No Workers’ Compensation.  Consultant understands and acknowledges that the Company shall not obtain workers’ compensation insurance covering Consultant.
		
	III.
	PAYMENT OF TAXES AND INDEMNIFICATION

A.    Federal, State, and Local Taxes.  Neither federal, state, or local income tax nor payroll tax of any kind shall be withheld or paid by the Company on behalf of Consultant.  Consultant shall not be an employee of the Company with respect to the Services performed under this Consulting Agreement for federal, state, or local tax purposes.  
B.    Notices to Consultant About Tax Duties And Liabilities.  Consultant understands that Consultant is responsible for paying, according to the applicable law, Consultant’s income taxes.  The Parties agree that any tax consequences or liability arising from the Company’s payments to Consultant shall be the sole responsibility of Consultant.  Should any state or federal taxing authority determine that any of the payments under Section II constitute income subject to withholding under any federal or state law, then Consultant agrees to indemnify and hold the Company harmless for any and all tax liability, including, but not limited to, taxes, levies, assessments, fines, interest, costs, expenses, penalties, and attorneys’ fees as a result of or related to any such determination.   

C.    Indemnification and Insurance by the Company.  Provided that Consultant is in compliance with this Consulting Agreement, the Company shall list Consultant as additional insured on its Directors and Officer’s insurance policy and shall indemnify and hold harmless Consultant from and against all losses, judgments, damages, expenses (including reasonable attorneys fees and costs provided that the Company consents to Consultant’s attorneys which consent shall not be unreasonably withheld), liabilities, judgments, and amounts paid in settlement (collectively “Damages”) incurred by or asserted against Consultant arising from Consultant’s performance of the Services, except for any Damages arising from any act(s) that was caused by Consultant’s dishonesty, willful misconduct, or gross negligence in performing the Services. 
D.    Cooperation.  Consultant agrees to cooperate and provide reasonable assistance, at the request of the Company, in any and all investigations or other legal, equitable or business matters or proceedings which involve any matters for which Consultant worked on or had responsibility for the Company.  Consultant also agrees to be reasonably available to the Company or its representatives to provide general advice or assistance as requested by the Company.  This includes, but is not limited to, testifying (and preparing to testify) as a witness in any proceeding or otherwise providing information or reasonable assistance to the Company in connection with any investigation, claim or suit, and cooperating with the Company regarding any litigation, investigation, claims or other disputed items involving the Company that relate to matters within Consultant’s knowledge or responsibility during Consultant’s employment.  Specifically, Consultant agrees (i) to meet with the Company’s representatives, its counsel or other designees at reasonable times and places with respect to any items within the scope of this provision; (ii) to provide truthful testimony regarding same to any court, agency or other adjudicatory body; and (iii) to not voluntarily assist any such non-governmental adverse party or such non-governmental adverse party’s representatives.  Consultant acknowledges and understands that Consultant’s obligations of reasonable cooperation under this Section III.D are not limited in time and may include, but shall not be limited to, the need for or availability for testimony.  Consultant shall receive no additional compensation for time spent assisting the Company pursuant to this Section III.D other than the compensation provided for in this Consulting Agreement, provided that Consultant shall be entitled to be reimbursed for any reasonable out-of-pocket expenses incurred in fulfilling Consultant’s obligations pursuant to subsections (i) and (ii) above.  Nothing in this Section III.D is intended to interfere with Consultant’s right to engage in the conduct set forth in Section IV.A(ii)(c).
		
	IV.
	CONFIDENTIALITY

A.    Confidentiality. 
i.    Confidential Information.  Consultant acknowledges that during Consultant’s engagement with the Company, the Company shall provide Consultant otherwise prohibited access to Confidential Information, which is not known to the Company’s competitors or within the Company’s industry generally, which was developed by the Company over a long period of time and/or at its substantial expense, and which is of great competitive value to the Company.  For purposes of this Consulting Agreement, “Confidential Information” includes, all trade secrets and confidential and proprietary information of the Company, including, but not limited to: (A) financial models, business plans or processes, strategies (including, without limitation, economic and market research selection and analysis strategies and business development and market segment exploitation strategies), tactics, policies, resolutions, processes, inventions, patents, trademarks, trade secrets, know how, patent or trademark applications and other intellectual property, (B) information regarding litigation or negotiations, (C) any marketing information, sales or product plans, prospects and market research data relating to the business, (D) financial information, cost and performance data and any debt arrangements, equity ownership or securities transaction information, (E) technical information, technical drawings and designs, (F) personnel information, personnel lists, resumes, personnel data, organizational structure, compensation and performance evaluations, (G) customer, consumer, 

Consultant or supplier information, including but not limited to any data regarding any current, prospective or former customers, consumers, consultants or suppliers of Company, (H) information regarding the existence or terms of any agreement or relationship between the Company or any of its subsidiaries or affiliates and any other party, (I) information subject to Section 628 of the Fair Credit Reporting Act and any regulations or guidelines thereunder and (J) any other information of whatever nature, including, without limitation, information which gives to the Company or any of its subsidiaries or affiliates an opportunity to obtain an advantage over its competitors who or which do not have access to such information.  Confidential Information shall not include: (1) information which is or becomes (through no improper action or inaction by Consultant) generally available to the public, (2) information that was in Consultant’s possession or known by him prior to his relationship with the Company or any of its subsidiaries or affiliates; or (3) is received from a third party who did not acquire or disclose such information by a wrongful or tortious act, or a violation of this Consulting Agreement or any other agreement between the Company and such third party.  Consultant will have the obligation to prove, with competent evidence, the existence of one of the foregoing exclusions.   Confidential Information, whether prepared or compiled by Consultant or the Company or furnished to Consultant at any time by the Company or in connection with Consultant’s work for the Company, shall be the sole and exclusive property of the Company, and none of such Confidential Information or copies thereof shall be retained by Consultant.  Consultant agrees not to dispute, contest, or deny any such ownership rights either during or after Consultant’s engagement with the Company.  Consultant acknowledges that the Company does not voluntarily disclose Confidential Information, but rather takes precautions to prevent dissemination of Confidential Information beyond those individuals, such as Consultant, entrusted with such information.  Consultant further acknowledges that the Confidential Information: (i) is entrusted to Consultant because of Consultant’s engagement with the Company; and (ii) is of such value and nature as to make it reasonable and necessary for Consultant to protect and preserve the confidentiality and secrecy of the Confidential Information.  Consultant acknowledges and agrees that the Confidential Information is proprietary to and a trade secret of the Company and, as such, is a valuable, special and unique asset of the Company, the unauthorized use or disclosure of which will cause irreparable harm, substantial injury and loss of profits and goodwill to the Company.  
ii.    Non-Disclosure. 
a.    In exchange for the Company’s agreement to provide Consultant with Confidential Information and to protect the Company’s legitimate business interests, Consultant agrees to preserve and protect the confidentiality of all Confidential Information.  Consultant agrees that during the Term of this Consulting Agreement and at any time thereafter: (A) Consultant shall hold all Confidential Information in the strictest confidence, take all reasonable precautions and steps to safeguard all Confidential Information and prevent its wrongful use by or wrongful or inadvertent disclosure or dissemination to any unauthorized person or entity, and follow all policies and procedures of the Company protecting or regarding the Confidential Information; and (B) without prior written authorization of the General Counsel of the Company, Consultant shall not, directly or indirectly, use for Consultant’s own account, use for any other purpose, disclose to anyone, publish, exploit, destroy, copy or remove from the offices of the Company, nor solicit, allow or assist another person or entity to use, disclose, publish, exploit, destroy, copy or remove from the offices of the Company, any Confidential Information or part thereof, except: (1) as necessary in the proper performance of the Services and for the benefit of the Company; or (2) as otherwise permitted or required by law.  Consultant shall immediately notify the General Counsel if Consultant learns of or suspects any actual or potential unauthorized use or disclosure of Confidential Information concerning the Company. 
b.    During the Term of this Consulting Agreement, the Company will receive from third parties their confidential and/or proprietary information, subject to a duty on the Company’s part to maintain the confidentiality of and to use such information only for certain limited purposes.  Consultant agrees to hold all such confidential or proprietary information in the strictest confidence and not to disclose 

it to any person or organization or to use it except as necessary in the course of Consultant’s engagement with the Company and in accordance with the Company’s agreement with such third party.
c.    Notwithstanding any other provision of this Consulting Agreement, (i) Consultant may disclose Confidential Information when required to do so by a court of competent jurisdiction, by any governmental agency having authority over Consultant or the business of the Company or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Consultant to divulge, disclose or make accessible such information; and (ii) nothing in this Consulting Agreement is intended to interfere with Consultant’s right to (A) report possible violations of state or federal law or regulation to any governmental or law enforcement agency or entity; (B) make other disclosures that are protected under the whistleblower provisions of state or federal law or regulation; (C) file a claim or charge with any governmental agency or entity; or (D) testify, assist, or participate in an investigation, hearing, or proceeding conducted by any governmental or law enforcement agency or entity, or any court.  For purposes of clarity, in making or initiating any such reports or disclosures or engaging in any of the conduct outlined in subsection (ii) above, Consultant may disclose Confidential Information to the extent necessary to such governmental or law enforcement agency or entity or such court, need not seek prior authorization from the Company, and is not required to notify the Company of any such reports, disclosures or conduct.
d.    Consultant is hereby notified that 18 U.S.C. § 1833(b)(1) states: “An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.”  
iii.    Standstill.  Consultant agrees that, during the Term and for a period of two (2) years following the expiration of the Term, neither the Consultant nor any of Consultant’s agents or affiliates will in any manner, directly or indirectly, without the prior written consent of the Company: (i) acquire, offer to acquire or agree to acquire any securities of the Company with the intent to engage in a control transaction of the Company, control voting over the Company or effect a “change of control” of the Company within the meaning of Section 13(d)(3) of the Exchange Act; (ii) form, join or in any way participate in a “group” (as defined in Section 13(d)(3) of the Exchange Act) with respect to any securities of the Company; (iii) make, or in any way participate in, directly or indirectly, any “solicitation” of “proxies” to vote (as such terms are used in the rules of the United States Securities and Exchange Commission), seek to advise or influence any person with respect to the voting of, any securities of the Company; or (iv) otherwise act, alone or in concert with others, to seek to control or influence the management, the Company’s Board of Directors or policies of the Company (other than as expressly contemplated by the provision of advisory services under this Consulting Agreement). Consultant will promptly, but in any event within two (2) business days, provide notice to the Company in the event any third party solicits the Consultant for the purpose of assisting such third party or any other party in connection with any of the activities set forth in this Section IV.A(iii). 
B.    Restrictive Covenants.  In consideration for (i) the Company’s promise to provide Confidential Information to Consultant and other consideration set forth in this Consulting Agreement, (ii) the substantial economic investment made by the Company in the Confidential Information and goodwill of the Company, and/or the business opportunities disclosed or entrusted to Consultant, and (iii) access to the Company’s customers and clients, to protect the Company’s Confidential Information and business goodwill of the Company, Consultant agrees to the following restrictive covenants:
i.    Non-Competition.  Consultant agrees that during the Term and for a period through April 20, 2019 (the “Restricted Period”), other than in connection with Consultant’s performance of the 

Services, Consultant shall not, and shall not use any Confidential Information to, without the prior written consent of an officer of the Company, directly or indirectly, either individually or as a principal, partner, stockholder, manager, agent, consultant, contractor, distributor, employee, lender, investor, or as a director or officer of any corporation or association, or in any other manner or capacity whatsoever, (i) control, manage, operate, establish, take steps to establish, lend money to, invest in, solicit investors for, or otherwise provide capital to, or (ii) become employed by, join, perform services for, consult for, do business with or otherwise engage in any Competing Business within the Restricted Area.  For purposes of this Consulting Agreement, given the scope of Confidential Information to be provided to Consultant and the Services to be performed by the Consultant, “Restricted Area” means the United States, and any other geographic area for which Consultant performed any Services or about which Consultant received Confidential Information.  For purposes of this Consulting Agreement, “Competing Business” means H&R Block, Intuit and any other business, individual, partnership, firm, corporation or other entity that is competing or that is preparing to compete with any aspect of the Company’s business, which includes, but is not limited to (a) tax preparation and tax preparation-related products and services provided to consumers and small businesses, and to or through tax professionals; (b) investment and insurance products or services, and related advice and brokerage services, provided to or through tax professionals or in conjunction with tax preparation services, and (c) any other business the Company engages in or develops during the Term.
ii.    Non-Recruitment.  Consultant agrees that for a period of twelve (12) months after the Term terminates for any reason (the “Restricted Time”, and collectively with the Restricted Period, the “Restricted Covenant Period”) during the Restricted Time, other than in connection with Consultant’s duties for the Company, Consultant shall not, and shall not use any Confidential Information to, on behalf of Consultant or on behalf of any other person or entity, directly or indirectly, hire, solicit or recruit, or attempt to hire, solicit or recruit, or encourage to leave or otherwise cease his/her employment or engagement with the Company, any individual who is an employee or independent contractor of the Company as of the date of this Consulting Agreement.
iii.    Non-Solicitation.  Consultant agrees that during the Restricted Time, other than in connection with Consultant’s duties for the Company, the Consultant shall not, and shall not use any Confidential Information to, directly or indirectly, either as a principal, manager, agent, employee, consultant, officer, director, stockholder, partner, investor or lender or in any other capacity, and whether personally or through other persons, solicit business from, interfere with, or induce to curtail or cancel any business or contracts with the Company, or attempt to solicit business with, interfere with, or induce to curtail or cancel any business or contracts with the Company, or do business with any actual or prospective customer, client, vendor or supplier of the Company with whom the Company did business or who the Company solicited within the preceding two (2) years, and who or which: (1) Consultant contacted, called on, serviced or did business with during Consultant’s employment with the Company; (2) Consultant learned of as a result of Consultant’s employment with the Company; or (3) about whom Consultant received Confidential Information.  This restriction applies only to business which is in the scope of services or products provided by the Company or any affiliate thereof as of the date of this Consulting Agreement.
iv.    Non-Disparagement.  Consultant agrees that the Company’s goodwill and reputation are assets of great value to the Company, which have been obtained and maintained through great costs, time and effort.  Therefore, Consultant agrees that Consultant shall not make, publish or otherwise transmit any false or disparaging statements, whether written or oral, regarding the Company or its current or former officers, directors, executives, employees, consultants, products, business or business practices.  A violation or threatened violation of this Section IV.B(iv) may be enjoined by the courts.  The rights afforded the Company under this provision are in addition to any and all rights and remedies otherwise afforded by law.  Nothing in this Section IV.B(iv) restricts or prevents Consultant from providing truthful testimony as required 

by court order or other legal process or is intended to interfere with Consultant’s rights set forth in Section IV.A(ii)(c).
v.    Tolling.  If Consultant violates any of the restrictions contained in this Section IV, the Restricted Covenant Period shall be suspended and shall not run in favor of Consultant until such time that Consultant cures the violation to the satisfaction of the Company and the period of time in which Consultant is in breach shall be added to the Restricted Covenant Period applicable to such covenant(s).
vi.    Reasonableness.  Consultant hereby represents to the Company that Consultant has read and understands, and agrees to be bound by, the terms of Section IV.  Consultant understands that the covenants in Section IV may limit Consultant’s ability to engage in certain businesses anywhere in or involving the Restricted Area during the Restricted Covenant Period, but Consultant acknowledges that Consultant shall receive Confidential Information, as well as sufficiently high remuneration from the Company to justify such restrictions.  Consultant acknowledges that the geographic scope and duration of the restrictions and covenants contained in Section IV are fair and reasonable in light of (i) the nature and wide geographic scope of the operations of the Company’s business; (ii) Consultant’s access to Confidential Information and contact with the business in the Restricted Area; and (iii) the amount of compensation and Confidential Information that Consultant is receiving in connection with Consultant’s employment with the Company.  It is the desire and intent of the Parties that the provisions of Section IV be enforced to the fullest extent permitted under applicable law, whether now or hereafter in effect and therefore, to the extent permitted by applicable law, Consultant and the Company hereby waive any provision of applicable law that would render any provision of Section IV invalid or unenforceable.
vii.    Notice.  If Consultant, in the future, seeks or is offered employment, or any other position or capacity with another company or entity, Consultant agrees to inform each new employer or entity, before accepting employment, of the existence of the restrictions in Section IV.  The Company shall be entitled to advise such person or subsequent employer of the provisions of Section IV and to otherwise deal with such person to ensure that the provisions of Section IV are enforced and duly discharged. 
viii.    Supersede Restrictive Covenants in Employment Agreement.  The restrictive covenants provided for in this Section IV.B supersede and replace in their entirety the restrictive covenants provided for in the Employment Agreement including without limitation the restrictive covenants provided for in Section IV of Supplementary Terms of Employment incorporated in the Employment Agreement pursuant to Section 9 of the Employment Agreement.      
C.    Agreement to Return Company Property/Documents.  Consultant agrees that (i) Consultant shall not remove, copy, alter, destroy, deface, damage or delete any property or information of the Company, in whatever form or media, whether or not embodying or recording any Confidential Information, and all copies thereof whether or not the original was deleted or destroyed, except in the proper performance of the Services or as otherwise permitted pursuant to this Consulting Agreement or applicable law or regulation as set forth in Section IV.A(ii)(c) and Section IV.A(ii)(d); and (ii) at any time upon the request of the Company or immediately upon termination of the Consulting Agreement for any reason, Consultant will promptly return to the Company all property or information of the Company, including, without limitation, Confidential Information, any Company-issued equipment or devices, documents, files, records, reports, materials, e-mail, electronic or magnetic recordings or data, including all copies thereof (in electronic or hard copy format), which belong to the Company or which relate to the Company’s business and which are in Consultant’s possession, custody or control, whether prepared by Consultant or others.  If at any time after the termination of Consultant’s engagement for any reason, Consultant or the Company determines that Consultant has any Company property or information in Consultant’s possession, custody 

or control, Consultant shall immediately return all such property or information, including all copies and portions thereof, to the Company.    
D.    Remedies.  Consultant acknowledges that the restrictions contained in this Section IV, in view of the nature of the Company’s business, are reasonable and necessary to protect the Company’s legitimate business interests, goodwill and reputation, and that any violation of these restrictions would result in irreparable injury and continuing damage to the Company, and that money damages would not be a sufficient remedy to the Company for any such breach or threatened breach.  Therefore, Consultant agrees that the Company shall be entitled to a temporary restraining order and injunctive relief restraining Consultant from the commission of any breach or threatened breach of Section IV, without the necessity of establishing irreparable harm or the posting of a bond, and to recover from Consultant damages incurred by the Company as a result of the breach, as well as the Company’s attorneys’ fees, costs and expenses related to any breach or threatened breach of this Consulting Agreement and enforcement of this Consulting Agreement.  Nothing contained in this Consulting Agreement shall be construed as prohibiting the Company from pursuing any other remedies available to it for any breach or threatened breach, including, without limitation, the recovery of money damages, attorneys’ fees, and costs.  The existence of any claim or cause of action by Consultant against the Company, whether predicated on this Consulting Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the restrictions contained in Section IV or preclude injunctive relief.  
		
	V.
	PERIOD OF AGREEMENT; TERMINATION

A.    Period.  This Consulting Agreement is effective from the Effective Date and shall continue through February 28, 2018 unless extended in writing by mutual consent of the Parties (the “Term”),.  This Consulting Agreement governs all Services performed by Consultant for the Company during the Term of this Consulting Agreement.  The Company may terminate this Consulting Agreement for any reason, at any time, upon thirty (30) days’ prior written notice to Consultant; provided however, if this Consulting Agreement is terminated prior to February 28, 2018 for any reason, the Monthly Payment shall continue to be paid in accordance with Section II.A through the end of the Term and, upon such termination, the Final Payment will be payable as provided in Section II.A.  If this Consulting Agreement is terminated, and the Parties fail to execute a new Consulting Agreement, all Services will be discontinued as of the date of such termination; provided, however, Consultant shall use Consultant’s best efforts to complete all Services commenced prior to such termination at the discretion of the Company.
B.    Survival.  The provisions set forth in Section III.B, Section III.C, Section III.D, and Section IV shall survive termination of this Consulting Agreement, regardless of the reason(s) for termination.  In addition, all provisions of this Consulting Agreement, which expressly continue to operate after the termination of this Consulting Agreement, shall survive the Consulting Agreement’s termination.

		
	VI.
	MISCELLANEOUS PROVISIONS

A.    Notices.  Any notice or other communication required, permitted or desired to be given under this Consulting Agreement shall be deemed delivered when personally delivered; the next business day, if delivered by overnight courier; the same day, if transmitted by facsimile or electronic mail on a business day before noon, CST; the next business day, if otherwise transmitted by facsimile; and the third business day after mailing, if mailed by prepaid certified mail, return receipt requested, as addressed or transmitted as follows (as applicable):
	
		
	If to Consultant:
	Last Payroll Address on File

	 
	 

	If to the Company:
	Ann J. Bruder

	 
	Chief Legal Officer

	 
	6333 N. State Hwy 161, 6th Floor

	 
	Irving, TX 75038

B.    Reformation.  The Parties agree that in the event any of the terms, provisions or restrictions contained in this Consulting Agreement, or any part thereof, shall be held by any court of competent jurisdiction to be effective in any particular area or jurisdiction only if said term, provision, or restriction is modified to limit its duration or scope, then the court shall have such authority to so reform the term, provision or restriction and the Parties hereto shall consider such term, provision or restriction to be amended and modified with respect to that particular area or jurisdiction so as to comply with the order of any such court and, as to all other jurisdictions, the term, provision or restriction contained herein shall remain in full force and effect as originally written.    
C.    Severability.  In the event any court of competent jurisdiction or any foreign, federal, state, county or local government or any other governmental regulatory or administrative agency or authority holds any provision of this Consulting Agreement to be invalid, illegal or unenforceable under applicable law, in whole or in part, such invalid, illegal or unenforceable portion(s) shall be limited or excluded from this Consulting Agreement to the minimum extent required, and the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.  
D.    Binding Effect of Agreement and Assignment.  This Consulting Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors, legal representatives, and permitted assigns (if any).  By entering into this Consulting Agreement, the Company is relying on the unique services of Consultant; services from another company or contractor will not be an acceptable substitute.  Except as provided in this Consulting Agreement, Consultant may not assign this Consulting Agreement or any of the rights or obligations set forth in this Consulting Agreement without the explicit written consent of the Company.  Any attempted assignment by Consultant in violation of this paragraph shall be void.  The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company, without Consultant’s consent and without advance notice.  
E.    Waiver.  The failure of either Party to insist in any one or more instances upon performance of any terms or conditions of this Consulting Agreement shall not be construed as a waiver of future performance of any such term or condition, but the obligations of either Party with respect thereto shall continue in full force and effect.  No waiver of any breach of this Consulting Agreement shall be construed 

to be a waiver as to succeeding breaches and no waiver of any provisions of this Consulting Agreement shall constitute a waiver of any other provision of this Consulting Agreement.  The breach by one party to this Consulting Agreement shall not preclude equitable relief, injunctive relief or the obligations in Section IV.
F.    Controlling Law and Venue.  This Consulting Agreement shall be governed by and construed under the laws of the State of Texas, without regard to any applicable conflict of law or choice of law rules.  Venue of any dispute arising out of or in connection with, or in any way related to this Consulting Agreement shall be in a state district court of competent jurisdiction in Dallas County, Texas, or the United States District Court for the Northern District of Texas.  Consultant consents to personal jurisdiction of the state district courts of Dallas County, Texas and to the United States District Court for the Northern District of Texas for any dispute arising out of or in connection with, or in any way related to this Consulting Agreement, and agrees that Consultant shall not challenge personal jurisdiction in such courts.  Consultant waives any objection that Consultant may now or hereafter have to the venue or jurisdiction of any proceeding in such courts or that any such proceeding was brought in an inconvenient forum (and agrees not to plead or claim the same).  
G.    WAIVER OF JURY TRIAL.  WITH RESPECT TO ANY DISPUTE BETWEEN CONSULTANT AND THE COMPANY ARISING OUT OF OR IN CONNECTION WITH, OR IN ANY WAY RELATED TO THIS CONSULTING AGREEMENT, CONSULTANT AGREES TO RESOLVE SUCH DISPUTE(S) BEFORE A JUDGE WITHOUT A JURY.  CONSULTANT HAS KNOWLEDGE OF THIS PROVISION, AND CONTINUES TO PROVIDE SERVICES TO THE COMPANY THEREAFTER, HEREBY WAIVING CONSULTANT’S RIGHT TO TRIAL BY JURY AND AGREES TO HAVE ANY DISPUTE(S) ARISING BETWEEN THE COMPANY AND CONSULTANT ARISING OUT OF OR IN CONNECTION WITH, OR IN ANY WAY RELATED TO THIS CONSULTING AGREEMENT RESOLVED BY A JUDGE OF A COMPETENT COURT IN DALLAS COUNTY, TEXAS, SITTING WITHOUT A JURY.   
H.    Entire Agreement.  This Consulting Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and fully supersedes any and all prior and contemporaneous agreements, understanding and/or representations between the Parties, whether oral or written, pertaining to the subject matter of this Consulting Agreement.  No oral statements or prior written material not specifically incorporated in this Consulting Agreement shall be of any force and effect, and no changes in or additions to this Consulting Agreement shall be recognized, unless incorporated in this Consulting Agreement by written amendment, such amendment to become effective on the date stipulated in it.  Any amendment to this Consulting Agreement must be signed by all Parties to this Consulting Agreement.  Notwithstanding the foregoing, nothing in this Consulting Agreement will affect the Company’s obligations to Consultant pursuant to Section 6(e) of the Employment Agreement as modified explicitly by this Consulting Agreement.
I.    Disclaimer of Reliance.  Except for the specific representations expressly made by the Company in this Consulting Agreement, Consultant specifically disclaims that Consultant is relying upon or has relied upon any communications, promises, statements, inducements, or representation(s) that may have been made, oral or written, regarding the subject matter of this Consulting Agreement.  The Parties represent that they relied solely and only on their own judgment in making the decision to enter into this Consulting Agreement.  
J.    Voluntary Agreement.  Consultant acknowledges that Consultant has had an opportunity to consult with an attorney or other counselor (at Consultant’s own cost) concerning the meaning, import, and legal significance of this Consulting Agreement, and Consultant has read and understands this Consulting 

Agreement, as signified by Consultant’s signature hereto, and Consultant is voluntarily executing the same after, if sought, advice of counsel for the purposes and consideration herein expressed.

K.    Execution in Multiple Counterparts.  This Consulting Agreement may be executed in multiple counterparts, whether or not all signatories appear on these counterparts, and each counterpart shall be deemed an original for all purposes.

{Signature Page Follows}

By their signatures below, the Parties certify that they have read and understand the above Consulting Agreement and agree to its terms:

	
			
	CONSULTANT:    
	 
	Signature:  /s/ Eric Emans    

	 
	 
	Printed Name:  Eric Emans             

	 
	 
	Date: October 25, 2017

	 
	 
	 

	THE COMPANY:
	 
	BLUCORA, INC.

	 
	 
	Signature:  /s/ Ann J. Bruder    

	 
	 
	Printed Name: Ann J. Bruder

	 
	 
	Title: Chief Legal Officer and Secretary

	 
	 
	Printed Name:  Ann J. BruderEX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 
 This
EMPLOYMENT AGREEMENT (the “Agreement”) made as of the 20th day of October, 2017, but effective as of October 16, 2017 (the “Effective Date”), by and between the MOHEGAN
TRIBAL GAMING AUTHORITY d/b/a MOHEGAN GAMING & ENTERTAINMENT (the “Employer”), an instrumentality of THE MOHEGAN TRIBE OF INDIANS OF CONNECTICUT (the “Tribe”), a sovereign Indian nation, having an address of One Mohegan
Sun Boulevard, Uncasville, Connecticut 06382, and MARIO C. KONTOMERKOS, residing at 20 Clover Lane, Madison, Connecticut 06443 (the “Executive”). 

WITNESSETH: 
 WHEREAS, the
Employer owns and operates Mohegan Sun casino and resort in Uncasville, Connecticut, and Mohegan Sun Pocono in Plains Township, Pennsylvania with several off-track wagering facilities located in Pennsylvania,
manages and owns a 10% interest in Resorts Casino in Atlantic City, New Jersey, developed and manages ilani Casino on the Cowlitz Reservation in Washington, is developer and manager and owns 50.19% interest in the Inspire Resort project in Seoul,
South Korea, as well as owns investments in other proposed gaming enterprises and/or other businesses (as presently existing and hereafter developed, the “Business”); and 

WHEREAS, the Employer is managed by the Management Board (the “Management Board”) under the chairmanship of the Chairman of the
Management Board (the “Chairman”); and 
 WHEREAS, the Employer and Executive entered into that certain Amended and Restated
Employment Agreement dated and effective as of April 1, 2015, providing for the continued employment of Executive by the Employer as chief financial officer (the “2015 Agreement”); and 

WHEREAS, the Employer and Executive have agreed to terminate the 2015 Agreement and to enter into this Agreement to employ Executive as its
President and Chief Executive Officer. 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants, terms and conditions
hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency whereof is specifically acknowledged, the parties hereto hereby agree as follows: 

 

	1.	Effective Date of this Agreement and Termination of the 2015 Agreement 

 Executive and
Employer mutually agree that this Agreement is effective on the Effective Date, and as of the Effective Date the 2015 Agreement shall be terminated and neither party thereto shall have any further obligation to the other thereunder. 

	2.	Nature of Services and Duties 

 (A)     Employer hereby agrees to
employ Executive as its President and Chief Executive Officer upon the terms set forth herein, and Executive hereby accepts such employment. 

(B)     Executive shall perform such duties and services of an executive, managerial and administrative nature as are
customary for a president and chief executive officer of a similar entity and which, consistent with the foregoing, the Employer may from time to time through communication from the Chairman hereafter assign to him. Such duties shall include, but
not be limited to, the following: 
 (i)     Executive shall be responsible for developing, in
consultation with the Management Board, implementing and monitoring the strategic plans for the Business, including prioritizing global and domestic growth opportunities; 

(ii)     Executive shall be responsible for developing annual operating and capital budgets for the
Business and its divisions and for implementing, monitoring and evaluating the operating and capital budgets. The operating and capital budgets shall be presented to the Employer by the second Monday of September preceding the next fiscal year, and
the Employer shall approve or modify the budgets for the fiscal year on or before September 30 of such year, in consultation with Executive; and 

(iii)     Executive shall be responsible for developing the organizational structure for the Business and
for recruiting, training, counseling and evaluating the management team and divisional leaders; 
 (iv)
    Executive shall be responsible to direct the selection, retention, control and discharge of employees performing services in connection with the development, operation and management of the Business. The Chairman may give
direction to select, retain, control or discharge an employee upon a vote of the Management Board, provided, however, that the Management Board shall consider written arguments from Executive prior to voting and no fewer than six (6) members of
the Management Board must vote in favor of such direction; 
 (v)     Executive shall be responsible for
developing and maintaining the job compendium necessary to manage the Business, including changes to position titles. Minimum qualifications for newly created positions or material changes to minimum qualifications for established positions will be
subject to the prior approval of the Employer. The Chairman may direct Executive to make changes to the job compendium upon a vote of the Management Board, provided, however, that the Management Board shall consider written arguments from Executive
prior to voting and no fewer than six (6) members of the Management Board must vote in favor of such change; 
 (vi)
    Executive shall be responsible for policy formulation for the Business, provided, however, that policies and procedures and material changes to the policies and procedures will be subject to the prior approval of the
Employer. The Chairman may direct Executive to make other changes to the policies and procedures upon a vote of the Management Board, provided, however, that the Management Board shall consider written arguments from Executive prior to voting and no
fewer than six (6) members of the Management Board must vote in favor of such change; 

  
 2 

 (vii)     Executive shall be responsible for developing
processes by which the Business shall market, sell and account for its products and services and for developing, implementing, monitoring and adopting measures to improve customer service; and 

(viii)     Executive shall be responsible for negotiating agreements on behalf of the Business, provided
that any contract exceeding the dollar value specified by policy approved by the Management Board or containing any waiver of Employer’s sovereign immunity must be approved by the Management Board. 

Executive shall carry out his responsibilities in accordance with and subject to the requirements of applicable laws, including applicable Tribal laws. The
Employer shall not materially restrict, reduce or otherwise limit Executive’s responsibility or authority without his consent, except for customary limits and protocols of authority established by the Employer consistent with past
practice.     
 (C)     Executive shall devote his full time best efforts and ability and all
required business time to the performance of his duties and responsibilities hereunder to achieve the goals set forth in the Employer’s annual business plan. Executive shall perform all of his duties to the Employer faithfully, competently, and
diligently. Executive shall comply with Employer’s policies, as amended from time to time. 
 (D)     Except for
actions of the Executive that could be the basis for termination for Cause as set forth in Section 7(C), below, the Employer shall indemnify, defend, and hold Executive harmless, including the payment of reasonable attorney fees if the Employer
does not directly provide Executive’s defense, from and against all claims made by anyone, including, but not limited to, a corporate entity, company, other employee, agent, patron, tribal member, or any member of the general public with
respect to any claim that asserts as a basis, any acts, omissions, or other circumstances involving the performance of Executive of his duties and services under this Agreement. 

 

	3.    Term	

 This Agreement shall govern Executive’s employment with the Employer from the Effective
Date through and including March 31, 2021 (the “Initial Term”). This Agreement shall automatically renew for additional terms of one (1) year (each a “Renewal Term” and together with the Initial Term, the
“Term”) unless either party shall notify the other of its intention not to renew, or unless otherwise terminated as provided herein. Any such notice of intention not to renew shall be delivered not later than one (1) year prior to the
end of the Initial Term or Renewal Term, as the case may be, and shall be effective at the scheduled end of such Initial Term or Renewal Term, except as otherwise provided herein. 

  
 3 

	4.	Base Annual Salary 

 Commencing with the Effective Date and until September 30,
2018, the Employer shall pay Executive a Base Annual Salary in the amount of $1,000,000.00, payable in equal weekly installments of $19,230.77. Commencing October 1, 2018, and on each October 1 thereafter during the Term of this Agreement,
the Base Annual Salary shall be increased if, and in an amount, mutually agreed to by Executive and the Employer. Executive shall be permitted to participate in and shall be eligible for all incentive compensation plans and benefits as available to
senior executive employees at or below his level. 
 Notwithstanding the termination of the 2015 Agreement, Executive shall remain eligible
for incentive compensation payment under Employer’s incentive compensation plan to the extent that Executive would have been eligible and received payment for Fiscal Year 2017 but for termination of the 2015 Agreement by execution of this
Agreement. Such incentive compensation payment shall be based on Executive’s position and base salary under the 2015 Agreement. 
  

	5.	Life Insurance 

 The Employer may, within its discretion, at any time during the Term of
this Agreement apply for and procure as owner and for its own benefit insurance on the life of Executive, in such amounts and in such form as the Employer may choose. Executive shall have no interest whatsoever in any such policies, but he shall
upon request by the Employer submit to such medical examinations, supply such information, and execute such documents as may be required by the Employer or the insurance companies to whom the Employer has made application. 

 

	6.	Reimbursement of Certain Expenses; Vacation; Medical Benefits 

 (A)
    The Employer will reimburse Executive for necessary and reasonable business expenses incurred by him in the performance of his duties hereunder, provided, that he shall obtain the approval for such expenditures in accordance
with the procedures adopted by Employer from time to time and generally applicable to its executive-level employees, including such procedures with respect to submission of appropriate documentation and receipts. Failure by Executive to follow such
procedures shall entitle the Employer to refuse to reimburse Executive for such expenses until such time as such failure has been cured. It is understood and agreed that Employer shall not be responsible for any expense of Executive for leasing or
operation of a vehicle for Executive (except that Executive shall be entitled to reimbursement for the expenses, including mileage, actually incurred in connection with his use of his automobile for the business-related purposes of the Employer),
nor for any expense of Executive for legal expenses or tax planning expenses incurred by Executive in interpreting this or any other agreement between Executive and Employer. 

(B)     Executive shall be entitled to four (4) weeks paid vacation per full fiscal year of employment. 

(C)     Executive shall participate in such employee benefit plans and programs (including but not limited to medical and
life insurance programs) as are now or may hereafter be adopted by the Employer for its executive employees and their families. The life insurance 

  
 4 

 
program shall provide term life insurance coverage on Executive’s life for the benefit of Executive’s designated beneficiary in an amount not less than Executive’s Base Annual
Salary. Employer shall continue to provide such medical insurance coverage for a period of one (1) year after any termination by Employer of Executive’s employment hereunder if such termination was without Cause, as hereinafter defined.

  

	7.	Disability; Termination

 (A)    If Executive shall become unable to
perform all of his duties set forth in Section 2 of this Agreement due to mental or physical disability, all compensation and benefits provided in this Agreement shall continue to be paid and provided in full for a period not exceeding one
hundred and eighty (180) consecutive days. Upon completion of such one hundred and eighty (180) days (or if Executive shall be disabled by the same incapacity for an aggregate period of one hundred and eighty (180) days in any period
of three hundred and sixty (360) consecutive days by the same incapacity) the Employer may, at its sole option, suspend Executive’s employment until Executive is recovered (as reasonably certified by a physician designated by the Employer)
from such mental or physical disability. During any period of suspension on account of disability, Executive shall receive as compensation under this Agreement only such compensation as may be provided under the disability insurance described in
Section 7(B). If the physician designated by the Employer certifies that Executive is permanently disabled, Employer’s obligations under this Agreement shall cease; provided, however, Executive shall be entitled to the disability benefits
set forth in Section 7(B). 
 (B)    Employer, at the sole expense of Employer, shall provide disability insurance
coverage for Executive. Such policy shall provide payment of 50% of Executive’s Base Annual Salary, commencing with suspension or termination of employment, pursuant to Section 7(A), by reason of physical or mental disability, and for a
period of two (2) years if such disability was the result of injury and to age 65 if such disability was the result of physical or mental illness, provided that any disability benefits shall cease upon Executive’s recovery from any
disability. In the event the Employer is unable to obtain disability insurance in the amount required, or is unable to obtain all or part of such insurance at standard rates, the Employer shall at its option obtain part or all of such insurance at non-standard rates or shall self-insure in whole or in part for the time periods set forth in this paragraph. 

(C)    Subject to the provisions of this paragraph, the Employer may terminate Executive’s employment for Cause,
defined as (i) Executive’s violation of the Restrictive Covenants as defined in Section 10 of this Agreement, (ii) the loss, suspension, or revocation by the State of Connecticut, the Mohegan Tribal Gaming Commission, or any
other gaming regulatory agency with jurisdiction over the Employer’s gaming operations and personnel, of Executive’s license for Class III and, as applicable, Class II gaming (“Executive’s Gaming License”) for a
period of thirty (30) consecutive days, (iii) Executive’s conviction of any crime involving fraud, theft or moral turpitude, or (iv) Executive’s intentional or material breach of his obligations under this Agreement.
Employer may suspend Executive without pay upon Executive’s loss or suspension of Executive’s Gaming License or his arrest for any alleged crime against the Employer or any of its affiliates. In the event that Executive’s Gaming
License is 

  
 5 

 
restored or if Executive is found not guilty or otherwise exonerated for an alleged crime against Employer or any of its affiliates, and Executive is not otherwise terminated for Cause as defined
herein, Executive’s suspended pay shall be reimbursed to him. 
 Except in the event of suspension upon Executive’s loss or
suspension of Executive’s Gaming License or Executive’s arrest or termination upon conviction of a crime, if Employer desires to terminate Executive for Cause, Employer shall give written notice specifying the act(s) claimed to constitute
cause and specifying an effective date of termination, which date shall be no sooner than thirty (30) days after the giving of such notice; provided, that nothing herein shall prevent Employer from suspending Executive, with pay, from all
operational functions and from access to Employer’s facilities upon giving such written notice. Employer may, in its sole discretion, give Executive an opportunity to rectify the reasons for termination. In the event Executive fails to rectify
the act(s) claimed to constitute cause as set forth in the notice of termination, Executive’s employment with the Employer shall cease effective upon the date provided in the notice of termination. If such termination is for Cause, then
Executive shall not be entitled to any further compensation from and after the date of termination. 
 (D)    Subject to
the provisions of this paragraph, the Employer may terminate Executive’s employment other than for Cause, as defined above. In the event of termination other than for Cause, Executive shall be paid, (i) on the date of such termination, a
relocation payment in the amount of $15,000.00, which amount shall be subject to applicable withholding, and (ii) following such termination, his Base Annual Salary for a period of twelve (12) months from the date of termination; provided
that such Base Annual Salary shall be payable to Executive in the same amount and at the same intervals as would have been paid had his employment continued. In the event of Executive’s death following Employer’s election to terminate his
employment other than for Cause pursuant to this paragraph, any portion of the Base Annual Salary payable under this paragraph that is then unpaid shall be payable to Executive’s estate. 

(E)    In the event that Executive voluntarily terminates his employment hereunder, Executive’s employment shall
cease as of the date provided in Executive’s notice to Employer of his voluntary termination, and thereafter, provided that the Employer shall not then be in material breach of this Agreement, Executive shall not be entitled to any further
compensation hereunder. 
  

	8.	Covenants of Executive Not to Compete

 Executive acknowledges that, as of the date of
this Agreement, Employer’s Business includes all of the gaming facilities listed in the preamble to this Agreement and that Employer intends to develop additional gaming properties and interests. Executive acknowledges and agrees that: (i) his
services to the Employer are special and unique; (ii) his work for the Employer has given him and will continue to give him access to confidential information concerning the Employer, its strategies, and the Business; (iii) he has the
means to support himself and his dependents other than by engaging in the Business of the Employer and the provisions of this Section 8 will not impair such ability; (iv) that competing with Employer within the Restricted Areas and within
the Restricted Period, as defined herein, would give Executive 

  
 6 

 
or any entity with which he might become affiliated an unfair competitive advantage, to the detriment of the Employer; and (v) that the Employer’s undertakings herein, including but not
limited to the provisions of Sections 4 and 7(A), (B), and (D), provide sufficient consideration for his acceptance of the restrictive covenants set forth herein. Accordingly, in order to induce the Employer to enter into this Agreement, Executive
covenants and agrees that: 
 (A)     The geographic areas within which Executive shall not compete include the states
of New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire, and Maine and a radius of one hundred twenty five (125) statute miles from any site in which the Employer holds, has an application pending
for, or has formed a plan made by or disclosed to Executive by Employer while Executive is employed by Employer, to apply for, a gaming license, whether as a ‘qualifier’ or a ‘principal’ (the “Restricted Area”). 

(B)     The period of the restrictive covenant shall include all times in which Executive is employed by Employer and a
period of twelve (12) months following the expiration or termination of his employment for any reason including Executive’s voluntary termination (the “Restricted Period”). 

(C)     During the Restricted Period and in the Restricted Area, Executive shall not, without the express written
permission of the Employer, accept any offer of employment, nor shall he perform services for any entity engaged in casino gaming, nor shall he compete in any manner, either directly or indirectly, including, without limitation, as an employee or
independent contractor, investor, partner, shareholder, officer, director, principal, agent or trustee, of any entity which competes with any Business in which Employer is engaged during any period of Executive’s employment by Employer. This
restriction shall not bar Executive from ownership of less than five percent (5%) of the shares of a publicly traded corporation engaged in casino gaming. 

(D)     During the Restricted Period, Executive shall not, directly or indirectly, hire or solicit any employee of the
Employer or any of its affiliates or encourage any such employee to leave such employment. 
 (E)     Executive’s
obligations under this Section 8 shall survive any termination or expiration of this Agreement and Executive’s employment hereunder. 

(F)     The Employer shall have the right to notify, without liability to Executive, any person or entity that employs or
seeks to employ or retain Executive during or after the period of Executive’s employment by Employer (but within the Restricted Period) of the restrictions set forth in this Agreement. 

 

	9.	Confidential Information

 Executive agrees to receive Confidential Information (as
hereinafter defined) of the Employer in confidence, and not to disclose to others, assist others in the application of, or use for his own gain, such information, or any part thereof, unless and until it has become public knowledge, has come into
the possession of such other or others by legal and equitable means, 

  
 7 

 
or if required to do so by order of a court of competent jurisdiction. Executive further agrees to take and maintain all reasonable efforts to protect Confidential Information from disclosure to
persons or entities other than those engaged in the furtherance of Employer’s Business. Executive further agrees that, upon termination of his employment with the Employer, all documents, records, notebooks and similar repositories of or
containing Confidential Information, including any computer devices, cell phones, laptops, digital storage devices, and similar technological devices that contain any Confidential Information, including copies thereof, then in Executive’s
possession, whether prepared by him or others, will be left with or returned to the Employer. For purposes of this Section 9, “Confidential Information” means information disclosed to Executive or known by Executive as a consequence
of or arising from or out of his employment by the Employer, not generally known in the industry in which the Employer is or may become engaged about the Employer’s Business, products, processes and/or services. Executive’s obligations
under this Section 9 shall survive any termination or expiration of this Agreement and Executive’s employment hereunder. 
  

	10.	Rights and Remedies Upon Breach

 Executive acknowledges and agrees that a violation of
any provision of Sections 8 or 9 of this Agreement (the “Restrictive Covenants”) shall cause irreparable harm to the Employer and the Employer shall be entitled to specific performance of this Agreement or an injunction without proof of
special damages, together with costs and attorney’s fees incurred by the Employer in enforcing its rights under this Agreement. If Executive breaches, or threatens to commit a breach of any of the Restrictive Covenants, the Employer shall have
the following rights and remedies, each of which rights and remedies shall be independent of the other and severally enforceable, and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies
available to the Employer under law or in equity: 
 (A)     The right and remedy to have the Restrictive Covenants
specifically enforced by any court of competent jurisdiction including, without limitation the right to entry against Executive of restraining orders and injunctions (preliminary, mandatory, temporary and permanent), without proof of special
damages, against violations of such covenants, threatened or actual, and whether or not then continuing, it being acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to the Employer and that money damages
will not provide an adequate remedy to the Employer; and 
 (B)     The right and remedy to require Executive to account
for and pay over to the Employer all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive during the period of any breach of the Restrictive Covenants. The Employer may set off any amounts due it
under this Section 10(B) against any amounts owed to Executive under Sections 4 or 7. 
  

	11.	Notice

 All notices hereunder shall be in writing. Any notice, request, information,
legal process, or other instrument to be given or served hereunder by any party to another shall be deemed given or served hereunder by any party to the other if either delivered personally or sent by

  
 8 

 
prepaid registered or certified mail, return receipt requested. Any such notice to the Employer shall be sent to the address set forth in the introductory paragraph of this Agreement to the
attention of the Chairman with a copy to the Senior Vice President/General Counsel of the Employer. Any such notice to Executive shall be sent to his then current residential address on file with Employer’s Human Resources Department. Either
party may, through written notice to the other party, change the address of notice as provided in this Section. 
  

	12.	Entire Agreement; Modification

 Except as otherwise provided herein, this Agreement
supersedes and cancels any and all prior agreements between the parties hereto, express or implied, relating to the subject matter hereof. This Agreement sets forth the entire agreement of the parties hereto with respect to the subject matter
hereof. This Agreement may not be changed, modified, amended or altered except in a writing signed by both parties. 
 13.
Non-Waiver
 The failure or refusal of either party to insist upon the strict performance of
any provision of this Agreement or to exercise any right in any one or more instances or circumstances shall not be construed as a waiver or relinquishment of such provision or right and shall in no way effect such provision or right, nor shall such
failure or refusal be deemed a custom or practice contrary to such provision or right. 
 14. Severability

If any section, paragraph, term or provision of this Agreement shall be held or determined to be unenforceable, the balance of this Agreement
shall nevertheless continue in full force and unaffected by such holding or determination. In addition, in any such event, the parties agree that it is their intention and agreement that any such section, paragraph, term or provision which is held
or determined to be unenforceable as written, shall nonetheless be enforced and binding to the fullest extent permitted by law as though such section, paragraph, term or provision had been written in such a manner to such an extent as to be
enforceable under the circumstances. Without limitation of the foregoing, with respect to any restrictive covenant contained herein, if it is determined that any such provision is excessive as to duration or scope, the parties hereto agree that any
court of competent jurisdiction over them shall be authorized and empowered to enforce the restrictive covenant for such shorter duration or with such narrower scope as will render it enforceable to the greatest extent permissible under applicable
law. 
 15. Governing Law
 This
Agreement shall be construed in accordance with the laws of the State of Connecticut without regard to its conflict of laws’ provisions. 

  
 9 

	16.	Dispute Resolution

 Except for actions by Employer for enforcement against Executive of
the Restrictive Covenants set forth in this Agreement, any disagreement or dispute between the parties as to the interpretation of this Agreement or any rights or obligations arising hereunder, including, without limitation, the arbitrability of any
dispute, shall be resolved exclusively by binding arbitration in accordance with the then prevailing rules of the American Arbitration Association (or any successor thereto to the extent not inconsistent herewith), upon notice to the other party of
its intention to do so. The parties agree that any such arbitration shall be confidential and that in any such arbitration each party shall be entitled to discovery as provided by the Federal Rules of Civil Procedure. All hearings shall be conducted
in Hartford County, Connecticut, commencing within fifteen (15) days after the arbitrator is selected and shall be conducted in the presence of the arbitrator. The decision of the arbitrator will be final and binding on the parties. The costs
and expenses of the arbitration shall be shared equally by the parties. No demand for arbitration shall be submitted to the arbitral forum unless and until the party asserting the existence of a dispute has given notice to the other party of the
grounds therefor, and the parties have met and conferred in an effort to resolve the dispute; provided that the demand for arbitration shall not be delayed more than thirty (30) days after notice of the dispute is provided. 

 

	17.	No Jury Trial 

 The parties agree that no dispute arising from or out of this Agreement
shall be tried to a jury in any court or forum having jurisdiction over the parties. 
  

	18.	Gaming Disputes Court Jurisdiction 

 In the event of any action to enforce the
Restrictive Covenants under this Agreement, or any action to enforce the requirement that the parties submit disputes to arbitration or to enforce or overturn an arbitration decision, as provided in Section 16, the parties agree to submit to
any tribal, state or federal court having personal and subject matter jurisdiction. The parties further agree that the Mohegan Gaming Disputes Court shall be used as a forum only if a state or federal court denies jurisdiction to (a) enforce
the requirement that the parties submit disputes to arbitration and (b) enforce or overturn an arbitration decision. 
  

	19.	Limited Waiver of Sovereign Immunity

 The Employer hereby waives its sovereign immunity
from arbitration for claims by the Executive for the enforcement of this Agreement and any remedies for breach thereof, and waives its sovereign immunity from suit to enforce or set aside an arbitration award. Nothing herein shall limit the
Executive’s right to proceed with any claims otherwise allowed under the laws of the Tribe. The Employer hereby consents to personal jurisdiction and venue in any court of the State of Connecticut, any federal court sitting in the State of
Connecticut, and the Mohegan Gaming Disputes Court for the purposes set forth herein, and hereby waives any claim that it may have that such court is an inconvenient forum for the purposes of any proceeding arising under this Agreement as aforesaid
and, with respect to a proceeding in a court of the State of Connecticut or a federal court sitting in the State of Connecticut, any requirement that tribal remedies be exhausted. 

  
 10 

	20.	Headings

 The headings of this Agreement are inserted for convenience only and shall not
be considered in construction of the provisions hereof. 
 21. Assignment and Successors; Binding Effect

The rights and obligations of the Employer under this Agreement shall inure to the benefit of and shall be binding upon the successors of the
Employer and may be assigned by the Employer, for all or any part of the Term hereof, provided that the Employer shall continue to be financially responsible to Executive hereunder. Executive shall have no right to assign, transfer, pledge or
otherwise encumber any of the rights, or to delegate any of the duties created by this Agreement without prior written consent of the Employer. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the Employer,
its successors and assigns, and Executive, his heirs and legal representatives. 
 [Balance of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the Employer has caused this Agreement to be executed by Kevin P. Brown,
acting in his capacity as the Chairman of the Management Board of the Employer and Executive has affixed his signature hereto on the date and year first above written. 
  

					
	EMPLOYER:	 	EXECUTIVE:
	
	 Mohegan Tribal Gaming Authority d/b/a

Mohegan Gaming & Entertainment

			
	By:	 	 /s/ Kevin P. Brown
	 	 /s/ Mario C. Kontomerkos

		 	Kevin P. Brown, Chairman	 	Mario C. Kontomerkos
		 	Management Board	 	

  

							
	STATE OF CONNECTICUT	  	)	  		  	
	 	  	) ss. Uncasville	  	 	  	    October 20, 2017
	COUNTY OF NEW LONDON	  	)	  		  	
	  
 Personally, appeared Kevin P. Brown,
Chairman of the Management Board of the MOHEGAN TRIBAL GAMING AUTHORITY, an instrumentality of the Mohegan Tribe Indians of Connecticut, signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed and the
free act and deed of the Mohegan Tribal Gaming Authority, before me.
  

				
		  		  		  	 /s/ Denise A. Rubino

		  		  		  	 Notary Public
 My Commission Expires:

May 31, 2020

  

							
	 STATE OF CONNECTICUT
	  	)	  		  	
	 	  	) ss. Uncasville	  	 	  	    October 20, 2017
	 COUNTY OF NEW LONDON
	  	)	  		  	
	  
 Personally, appeared MARIO C.
KONTOMERKOS, signer and sealer of the foregoing, instrument, and acknowledged the same to be his free act and deed, before me.
  

		  		  		  	 /s/ Denise A. Rubino

		  		  		  	Notary Public
		  		  		  	My Commission Expires:
		  		  		  	May 31, 2020

  
 12

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