Document:

EX-10.1

Table of Contents

 Exhibit 10.1 

SHAREHOLDERS’ AGREEMENT 

DATED                      2019 

TOSCA PENTA MUSIC LIMITED PARTNERSHIP, 

INTERNETQ GROUP LIMITED, 

[MODERN MEDIA LLC], 

[MIHI LLC], 

[MANAGECO], 
 APOSTOLOS
N. ZERVOS, 
 [OTHER MANAGEMENT-AFFILIATED ENTITIES] 

and 
 MODERN MEDIA
ACQUISITION CORP. S.A. 

Table of Contents

 CONTENTS 

 

							
	Clause	  	Page	 
			
	 1.
	 	Interpretation	  	 	2	 
	 2.
	 	Term and Termination	  	 	5	 
	 3.
	 	Board of Directors	  	 	5	 
	 4.
	 	Board Observers	  	 	7	 
	 5.
	 	Procedure on Conflict	  	 	8	 
	 6.
	 	Representations and Warranties	  	 	9	 
	 7.
	 	No Recourse	  	 	9	 
	 8.
	 	Announcements and Confidentiality	  	 	10	 
	 9.
	 	Overriding Obligations	  	 	11	 
	 10.
	 	Notices	  	 	11	 
	 11.
	 	Amendment and waiver	  	 	12	 
	 12.
	 	General	  	 	12	 
	 13.
	 	Further Assurance	  	 	13	 
	 14.  
	 	Governing Law and Jurisdiction	  	 	13	 

Table of Contents

 THIS AGREEMENT is made on
                    , 2019 
 BETWEEN: 

 

	(1)	 TOSCA PENTA MUSIC LIMITED PARTNERSHIP, a limited partnership organized under the law of
Scotland with registered number SL021112, whose principal place of business is at 150 St. Vincent Street, Glasgow, Scotland, G2 5NE (TP Music); 

 

	(2)	 INTERNETQ GROUP LIMITED, a private company limited by shares incorporated under the laws of England and
Wales with registered number 09798461, whose registered office is at 14 Old Queen Street, London, England SW1H 9HP (InternetQ); 

  

	(3)	 [MANAGECO], a private company limited by shares with an address at [●] (ManageCo)

  

	(4)	 APOSTOLOS N. ZERVOS, an individual (Zervos) 

 

	(5)	 [Other affiliated corporate entities as applicable]; 

 

	(6)	 [MODERN MEDIA LLC, a Georgia limited liability company (Modern Media)]

  

	(7)	 [MIHI LLC, a Delaware limited liability company (MIHI)] 1 

  

	(8)	 MODERN MEDIA ACQUISITION CORP. S.A., a public limited liability company incorporated under the laws of
Luxembourg with registered number B232611, whose registered office is at 19 rue de Bitbourg, L-1273, Luxembourg, Grand Duchy of Luxembourg (the Company). 

WHEREAS: 
  

	(A)	 This Agreement is being entered into in connection with the consummation of the transactions contemplated by
the Business Transaction Agreement, dated as of January 24, 2019 (the Transaction Agreement), by and among Modern Media, Akazoo Limited, a private company limited by shares incorporated under the Law of Scotland, Apostolos N. Zervos,
acting in accordance with article 100-17 of the Luxembourg Company Act, on behalf and in the name of Unlimited Music S.A., which is in the process of incorporation as a Luxembourg public limited company
(société anonyme), and Modern Media LLC, a Georgia limited liability company, acting in accordance with article 100-17 of the Luxembourg Company Act, on behalf and in the name of the
Company, which is in the process of incorporation as a Luxembourg public limited company (société anonyme). 

  

	(B)	 After giving effect to the transactions contemplated by the Transaction Agreement and the agreements ancillary
thereto, the Shareholder Parties own Equity Securities in the respective amounts indicated on Exhibit I hereto. 

  

	(C)	 The Shareholder Parties and the Company wish to set forth certain agreements regarding the relationships among
them and the governance of the Company. 

  

	1 	 Form assumes a dissolution of Modern Media Sponsor, LLC immediately
pre-Closing. 

Table of Contents

 IT IS AGREED as follows: 
  

	1.	 INTERPRETATION 

 

	1.1	 In this Agreement: 

Affiliate means, with respect to any person, any other person directly or indirectly controlling, controlled by or under common control
with such person, and for these purposes “control”, when used with respect to any person, means the possession, directly or indirectly, of the power to manage or direct the management, policies or activities of such person, whether
through the ownership of voting securities, by contract, or otherwise and “controlling”, “controlled by” and “under common control with” shall be construed accordingly, provided always that, for the
purposes of this definition, the Company shall not be an affiliate of a Shareholder Party. 
 Articles means the articles of
association of the Company from time to time. 
 Board means the board of directors of the Company as constituted from time to time.

 Business Day means a day (other than a Saturday or Sunday) on which banks are generally open in New York, New York for normal
business. 
 Cause means the occurrence of any of the following: 

 

	 	(a)	 any action or omission by the applicable Director that constitutes (i) a criminal act committed in
connection with or related to the activities of the Company or (ii) fraud, willful misconduct or gross negligence in the performance of such Director’s duties as a director of the Company or otherwise relating to the activities of the
Company; 

  

	 	(b)	 the conviction of the applicable Director of any criminal offense unrelated to the activities of the Company
that constitutes a felony or for which a term of imprisonment of any duration is imposed (other than an offense under any road traffic legislation, not accompanied by any other criminal offense that constitutes a felony); or 

 

	 	(c)	 a breach by the applicable Director of a material securities law or regulation or a material rule of any
securities exchange of the Securities and Exchange Commission. 

 Closing means the consummation of the
transactions contemplated by the Transaction Agreement and the agreements ancillary thereto. 
 Company has the meaning given in the
preamble. 
 Company Shareholders means the holders of Shares. 

  
 -2- 

Table of Contents

 Confidential Information has the meaning given in clause 8.1. 

Conflict has the meaning given in clause 5.1. 

Directors means the directors of the Company from time to time, and Director means any one of them. 

Disabled means an individual’s inability, or failure, to perform the essential functions of a Director’s position, with or
without reasonable accommodation, for any period of 90 days or more in any 12 month period, by reason of any medically determinable physical or mental impairment. 

Equity Securities means Shares and rights to subscribe for, or convert securities into, Shares. 

Group means the Company and its subsidiary undertakings (within the meaning of section 1162 of the Companies Act 2006). 

Independent Director means an independent director within the meaning of the listing standards of the Nasdaq Capital
Market (or other United States national securities exchange on which the Shares are listed, if any). 
 InternetQ has the meaning
given in the preamble and each of its Permitted Assigns. 
 Investor Director has the meaning given in clause 3.1. 

Investor Observer has the meaning given in Clause 4.1. 

Investor Shareholders means InternetQ, TP Music and each of their Permitted Assigns. 

Macquarie Observer has the meaning given in clause 4.1. 

Management Observer has the meaning given in clause 4.1. 

ManageCo has the meaning given in the preamble. 

Management Director has the meaning given in clause 3.1. 

Management Shareholders means ManageCo, Zervos and [other affiliated entities party hereto] 

MIHI has the meaning given in the preamble and each of its Permitted Assigns. 

Modern Media has the meaning given in the preamble and each of its Permitted Assigns. 

Modern Media Director has the meaning given in clause 3.1. 

Modern Media Shareholders means Modern Media and MIHI. 

  
 -3- 

Table of Contents

 Observers has the meaning given in clause 4.1. 

Permitted Assigns has the meaning given in clause 12.1. 

Sale of the Company means, in any one or more related transactions, a merger, amalgamation, business combination or sale of all or
substantially all of the Company’s assets, in each case, as a result of which the Directors immediately prior to such transaction do not represent a majority of the Board immediately following the consummation of such transaction or series of
transactions, or the Company Shareholders immediately prior to such transaction do not, immediately following the consummation of such transaction or series of transactions, continue to own Voting Securities representing more than 50% of the voting
power of the Company Shareholders, of the ultimate controlling person (in the case of a merger, amalgamation or business combination) or person succeeding to ownership of all or substantially all of the Company’s assets (in the case of a sale
of assets). 
 Shareholder Parties means, collectively, the Investor Shareholders, the Modern Media Shareholders and the Management
Shareholders, and Shareholder Party means any one of them. 
 Shares means the shares with a nominal value of €1.00 each
of the Company. 
 TP Music has the meaning given in the preamble. 

Transaction Agreement has the meaning given in the preamble. 

Voting Securities means (a) the Shares and (b) any other Equity Securities that at such time give the holder thereof a non-contingent right to vote at general meetings of the Company with respect to all, or substantially all, matters, including the election of Directors. 

Zervos has the meaning given in the preamble. 
  

	1.2	 In this Agreement: 

 

	 	(a)	 any reference to a person includes a body corporate, unincorporated association of persons (including a
partnership), government, state, agency, organisation and any other entity whether or not having separate legal personality, and an individual, his estate and personal representatives; 

 

	 	(b)	 any reference to a party means a party to this Agreement and includes the successors and permitted
assigns of that party; 

  

	 	(c)	 the words including and include shall mean including without limitation and include without
limitation, respectively; 

  

	 	(d)	 any reference importing a gender includes the other genders; 

 

	 	(e)	 any reference to a time of day is to Eastern Standard Time; 

  
 -4- 

Table of Contents

	 	(f)	 any reference to £ is to Pound Sterling; 

 

	 	(g)	 any reference to a document is to that document as amended, varied or novated from time to time;

  

	 	(h)	 any reference to a clause, subclause or schedule is to a clause, subclause or schedule of or to this Agreement;

  

	 	(i)	 the headings do not affect the interpretation of this Agreement; and 

 

	 	(j)	 any reference to an enactment includes that enactment as amended, extended or applied by or under any other
enactment (before, on or after execution of this Agreement). 

  

	2.	 TERM AND TERMINATION 

 

	2.1	 This Agreement shall commence upon the Closing and shall terminate upon the earliest to occur of:

  

	 	(a)	 a Sale of the Company; 

 

	 	(b)	 the date on which the rights of the Investor Shareholders and the Modern Media Shareholders to designate
Directors pursuant to clause 3.1 have terminated in accordance with the terms of clause 3.4 or clause 3.5, as applicable; and 

  

	 	(c)	 the three-year anniversary of the date of this Agreement. 

 

	2.2	 Notwithstanding clause 2.1 to the contrary but subject to clause 12.1, the rights and obligations of any
particular Shareholder Party shall terminate on the date on which such Shareholder Party no longer owns any Equity Securities. 

  

	2.3	 Any termination of this Agreement shall be without prejudice to any rights or obligations which may have
accrued prior to the date of termination. 

  

	3.	 BOARD OF DIRECTORS 

 

	3.1	 The Board shall be composed of up to seven Directors. Each Shareholder Party shall exercise the voting rights
attached to its Voting Securities at each general meeting of the Company Shareholders at which proposals relating to the filling of positions on the Board are to be considered, or in any written resolution executed in lieu of such a meeting of the
Company Shareholders which relates to such matters, and shall take all actions reasonably necessary, to ensure the election to the Board of the following individuals: (i) one individual designated by the Investor Shareholders who need
not be an Independent Director, (the Investor Director); (ii) one individual designated by the Modern Media Shareholders who need not be an Independent Director (the Modern Media Director); and (iii) one individual designated by
the Management Shareholders who must be an Independent Director (the Management Director). The Investor Shareholders hereby designate Panagiotis Dimitropoulos to serve as the initial Investor Director. 

  
 -5- 

Table of Contents

	3.2	 If, following election to the Board pursuant to clause 3.1, any Director shall resign, die, become Disabled, be
removed or be unable to serve for any reason prior to the expiration of such Director’s term, then the Shareholder Parties who designated such Director pursuant to clause 3.1 (either the Investor Shareholders, the Modern Media Shareholders or
the Management Shareholders, as the case may be) may within 30 days following such event, notify the Board in writing of a replacement Director, and all Shareholder Parties shall exercise the voting rights attached to their Voting Securities at any
general meeting at which proposals relating to the filling of vacancies on the Board are to be considered, or in any written consent or approval executed in lieu of such a meeting of Company Shareholders which relates to such matters, and shall take
all actions reasonably necessary to ensure the election to the Board of such replacement Director to fill the unexpired term of the Director who resigned, died, became Disabled or was removed. 

 

	3.3	 Each Shareholder Party hereby agrees to use its commercially reasonable efforts to convene a meeting of Company
Shareholders and to exercise the voting rights attached to the Voting Securities owned or held of record by such Shareholder Party for, or to take all actions by written consent or approval in lieu of any such meeting necessary to cause, the removal
(with or without Cause) of any Director if the Shareholder Parties designating such Director pursuant to clause 3.1 request in writing removal for any reason. Except for any action taken in accordance with the previous sentence of this clause 3.3,
each Shareholder Party further agrees to take no action, whether by exercise of the voting rights attached to its Voting Securities or otherwise, with respect to the removal of any Investor Director, Management Director or Modern Media Director that
was not designated by such Shareholder Party pursuant to clause 3.1. 

  

	3.4	 Upon such time as Modern Media and its Affiliates cease to beneficially own, collectively, at least 50% of the
number of Shares beneficially owned by Modern Media immediately following the Closing, the Modern Media Shareholders shall cease to have the right to designate any nominee for election to the Board pursuant to clause 3.1. 

 

	3.5	 Upon such time as the Investor Shareholders and their Affiliates cease to beneficially own, collectively, 50%
of the number of Shares beneficially owned by the Investor Shareholders immediately following the Closing, the Investor Shareholders shall cease to have the right to designate any nominee for election to the Board pursuant to clause 3.1.

  

	3.6	 Upon such time as the Management Shareholders and their Affiliates cease to beneficially own, collectively, at
least 50% of the number of Shares beneficially owned by the Management Shareholders immediately following the Closing, the Management Shareholders shall cease to have the right to designate any nominee for election to the Board pursuant to clause
3.1 

  

	3.7	 For a period of three (3) years following the date of this Agreement, Lewis W. Dickey Jr. will be the non-executive Chairman of the Board and a member of the Board as the Modern Media Director. 

  
 -6- 

Table of Contents

	3.8	 Zervos will be an initial member of the Board and the initial Chief Executive Officer of the Company, subject
to the terms and conditions of his employment agreement. If, for any reason, Zervos ceases to be the Chief Executive Officer of the Company and a member of the Board then the Management Shareholders may not nominate, designate or appoint Zervos as
the Management Director. 

  

	3.9	 From and after the Closing, each Shareholder Party shall exercise the voting rights attached to its Voting
Securities at any general meeting of the Company Shareholders or in respect of any written resolution executed in lieu of any such meetings and shall take all other actions (including using its commercially reasonable best efforts to cause the Board
(where applicable) to take all actions) necessary to give effect to the agreements contained in this Agreement. 

  

	3.10	 At all times during the term of this Agreement, the Shareholder Parties will use their commercially reasonable
best efforts to cause the majority of the Board to be comprised of Independent Directors. The initial Independent Directors shall be appointed on or prior to Closing following consultation between the Investor Shareholders and the Management
Shareholders and no such initial Independent Director except for the Management Director may be appointed without the prior written approval of the Investor Shareholders. 

 

	3.11	 The Directors shall receive a fee for their service on the Board as set forth on Exhibit 3.11.

  

	4.	 BOARD OBSERVERS 

 

	4.1	 The Company shall invite (a) one representative designated by MIHI (the Macquarie Observer), (b)
one representative designated by the Investor Shareholders (the Investor Observer) and, (c) one representative (who may not be Zervos) designated by the Management Shareholders (the Management Observer) (together, the
Observers) to attend all meetings of the Board in a nonvoting observer capacity. The Company shall give the Observers copies of all notices, minutes, consents and other materials that it provides to the Directors at the same time and in the
same manner as provided to such Directors; provided, that such representatives shall agree to hold in confidence and trust all information so provided; and provided further, that the Company reserves the right to withhold any information and to
exclude an Observer from any meeting or portion thereof if access to such information or attendance at such meeting would reasonably be expected to adversely affect the attorney-client privilege between the Company and its counsel or result in
disclosure of trade secrets or a conflict of interest. The Observers will not be entitled to receive any compensation for their services, but each Observer will be entitled to reimbursement of expenses reasonably incurred (upon submission of
appropriate documentary evidence) as a result of attending meetings of the Board in substantially the same manner as the Directors. 

  

	4.2	 MIHI hereby designates David Dorfman to serve as the initial Macquarie Observer; provided, that MIHI may
designate any other individual to serve as the Macquarie Observer for one or more meetings of the Board. MIHI may suspend (either temporarily or permanently) its right to appoint the Macquarie Observer at any time upon providing written notice
thereof to the Company. 

  
 -7- 

Table of Contents

	4.3	 The Investor Shareholders hereby designate David Calder to serve as the initial Investor Observer; provided
that the Investor Shareholders may designate any other individual to serve as the Investor Observer for one or more meetings of the Board. 

  

	4.4	 The Management Shareholders hereby designate Pierre Schreuder to serve as the initial Management Observer;
provided that the Management Shareholders may designate any other individual (excluding Zervos) to serve as the Management Observer for one or more meetings of the Board. 

 

	4.5	 The Investor Shareholders shall cease to have any rights to designate the Investor Observer upon the
termination of the Investor Shareholders’ right to designate a nominee for election to the Board pursuant to clause 3.5, and at such time, the Company’s obligations with respect to the Investor Observer pursuant to clause 4.1 shall
terminate. 

  

	4.6	 MIHI shall cease to have any rights to designate the Macquarie Observer upon such time as MIHI and its
Affiliates cease to beneficially own, collectively, at least 50% of the number of Shares beneficially owned by MIHI immediately following the Closing, and at such time, the Company’s obligations with respect to the Macquarie Observer pursuant
to clause 4.1 shall terminate. 

  

	4.7	 The Management Shareholders shall cease to have any rights to designate the Management Observer upon the
termination of the Management Shareholders’ right to designate a nominee for election to the Board pursuant to clause 3.6, and at such time, the Company’s obligations with respect to the Management Observer pursuant to clause 4.1 shall
terminate. 

  

	5.	 PROCEDURE ON CONFLICT 

 

	5.1	 Each party shall (and shall use commercially reasonable efforts to cause, in the case of a Shareholder Party,
its Affiliates, and, in the case of the Company, each other member of the Group, to) only enter into any transaction or agreement between any member of the Group (on the one hand) and any Shareholder Party or any Affiliate thereof (on the other
hand) (a Conflict) with the approval of a majority of the disinterested Directors; provided, that such approval of disinterested Directors will not be required for, and this clause 5.1 will not apply to, (a) any transaction or agreement
entered into pursuant to that certain Letter Agreement, dated May 17, 2017, between Modern Media Acquisition Corp. and Macquarie Capital (USA) Inc. or (b) any transaction or agreement between an Affiliate of MIHI, on the one hand, and a
member of the Group, on the other hand. 

  

	5.2	 Any Director who has a conflict of interest in any such matter by virtue of his position as a director, partner
or employee of a Shareholder Party or any of its Affiliates shall not be permitted to vote on any resolution of the Board which relates to the Conflict, or to receive confidential information concerning such Conflict unless a majority of the
disinterested Directors deems it appropriate that such Director should be permitted to vote, or to provide such information to such Director. 

  
 -8- 

Table of Contents

	5.3	 The approval under clause 5.1 may be specific for a particular transaction, agreement or relationship or
general for a particular type of transaction, agreement or relationship and may be granted conditionally or unconditionally. 

  

	6.	 REPRESENTATIONS AND WARRANTIES 

 

	6.1	 The Company represents and warrants to each Shareholder Party as follows: 

 

	 	(a)	 the Company has all requisite corporate power and authority to enter into this Agreement and to perform its
obligations hereunder. This Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except to the extent
that the enforcement hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles, regardless of whether such
enforceability is considered in a proceeding at law or in equity; and 

  

	 	(b)	 the execution and delivery of this Agreement by the Company and the performance of its obligations hereunder
will not violate, conflict with or result in a breach, or constitute a default (with or without notice or lapse of time or both) under any provision of the Articles. 

 

	6.2	 Each Shareholder Party, severally and not jointly, represents and warrants, solely with respect to itself, to
each other Shareholder Party and to the Company as follows: 

  

	 	(a)	 such Shareholder Party has all requisite power and authority to enter into this Agreement and to perform its
obligations hereunder. This Agreement has been duly authorized, executed and delivered by such Shareholder Party and constitutes a valid and binding obligation of such Shareholder Party enforceable against such Shareholder Party in accordance with
its terms, except to the extent that the enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable
principles, regardless of whether such enforceability is considered in a proceeding at law or in equity; and 

  

	 	(b)	 the execution and delivery of this Agreement by such Shareholder Party and the performance of its obligations
hereunder will not violate, conflict with or result in a breach, or constitute a default (with or without notice or lapse of time or both) under any provision of its organizational documents. 

 

	7.	 NO RECOURSE 

  

	7.1	 The parties acknowledge and agree that: 

 

	 	(a)	 no recourse under this Agreement shall be had against any current or future director, officer, or employee of
any Shareholder Party or any of its Affiliates, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law; and 

  
 -9- 

Table of Contents

	 	(b)	 no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or
future director, officer, or employee of any Shareholder Party or any of its Affiliates for any claim based on any obligation of the Shareholder Party or an Affiliate thereof under this Agreement. 

 

	7.2	 The provisions of clause 7.1 are without prejudice to any right of action the Company may have against a
Director in his or her capacity as a director of the Company. 

  

	8.	 ANNOUNCEMENTS AND CONFIDENTIALITY 

 

	8.1	 Each party shall use commercially reasonable efforts to ensure that any information of a secret or confidential
nature received by it from any other party pursuant to this Agreement (the Confidential Information) shall be treated as confidential by it and its officers, employees and agents and shall not be disclosed to any third party.

  

	8.2	 Nothing in this clause prevents disclosure of Confidential Information by any party: 

 

	 	(a)	 to the extent that the information is in or comes into the public domain other than as a result of a breach of
this Agreement; 

  

	 	(b)	 to the extent that the information is received from a person possessing it otherwise than as a result of any
breach by any person of a duty of confidentiality to the other party; 

  

	 	(c)	 for the purpose of pursuing or defending any proceedings arising out of this Agreement or the Articles or if
requested or required to be disclosed by law, rule or regulation or governmental, regulatory or self-regulatory body; provided that: (i) other than where prohibited by law or where such disclosure is requested or required as a result of a
routine examination by a regulatory, self-regulatory or governmental agency, organization or body, the receiving party gives prompt written notice of such disclosure requirement to the disclosing party and reasonably cooperates with disclosing
party’s efforts to oppose such disclosure or obtain a protective order for such Confidential Information, and (ii) if such disclosure requirement is not quashed or a protective order is not obtained, the receiving party shall only disclose
those portions of the Confidential Information that it is legally required to disclose and shall make a commercially reasonable effort to obtain confidential treatment for the disclosed Confidential Information; or 

 

	 	(d)	 to that party’s Affiliates and its and their respective directors, officers, employees, consultants,
agents, professional advisers, auditors or bankers, provided that prior to any disclosure to any such person, the relevant party shall procure that such person is made aware of the terms of this clause and the relevant party shall use its
commercially reasonable efforts to procure that such person adheres to these terms as if he were bound by the provisions of this clause. 

  
 -10- 

Table of Contents

	9.	 OVERRIDING OBLIGATIONS 

For the avoidance of doubt, the obligations of the Company and the Shareholder Parties pursuant to this Agreement shall at all times be subject
to the requirements of the Articles and all relevant legal and regulatory requirements and obligations applicable to the parties in the United Kingdom, on the Nasdaq Capital Market (or other United States national securities exchange on which the
Shares are listed, if any) or elsewhere from time to time. 
  

	10.	 NOTICES 

  

	10.1	 Any notice or other communication to be given under this Agreement must be in writing and must be delivered or
sent by post or overnight courier or by e-mail (with confirmation of delivery) to the party to whom it is to be given as follows: 

 

	 	(a)	 to the Company at:  

	 	    	 [●] 

	 	    	 Attention: 

	 	    	 Email: [●] 

 

	 	(b)	 to TP Music at: 

	 	    	 Penta Capital LLP 

	 	    	 150 St Vincent Street 

	 	    	 Glasgow 

	 	    	 Scotland 

	 	    	 G2 5NE 

	 	    	 Attention: David Calder 

	 	    	 Email: Calder@Pentacapital.com 

 

	 	(c)	 to InternetQ at:  

	 	    	 [●] 

	 	    	 Attention: 

	 	    	 Email: [●] 

 

	 	(d)	 to MIHI at:  

	 	    	 [●] 

	 	    	 Attention: 

	 	    	 Email: [●] 

 

	 	(e)	 to MANAGECO at:  

	 	    	 [●] 

	 	    	 Attention: Apostolos N. Zervos 

	 	    	 Email: [●] 

 

	 	(f)	 to Zervos at:  

	 	    	 [●] 

	 	    	 Email: [●] 

  
 -11- 

Table of Contents

	 	(g)	 to Modern Media at: 

	 	    	 [●] 

	 	    	 Attention: 

	 	    	 Email: [●] 

or at any such other address of which it shall have given notice for this purpose to the other party under this clause 10.1. 

 

	10.2	 Any notice or other communication shall be deemed to have been given: 

 

	 	(a)	 if delivered, at the time of delivery; or 

 

	 	(b)	 if posted or sent by overnight courier, at 10.00 am on the second Business Day after it was put into the post
or delivered to such overnight courier. 

  

	11.	 AMENDMENT AND WAIVER 

 

	11.1	 This Agreement may be amended or modified, and any of the terms, covenants, representations, warranties or
conditions may be waived, only by a written instrument executed by each of the parties or, in the case of a waiver, by a notice signed by the party waiving compliance. 

 

	11.2	 No failure of any party to exercise any right, power or remedy in connection with this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies provided in this Agreement are cumulative and
not exclusive of any other rights, powers or remedies (whether provided by law or otherwise). Any express waiver of any breach of this Agreement shall not be deemed to be a waiver of any subsequent breach. 

 

	12.	 GENERAL 

  

	12.1	 The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties and their
respective heirs, successors and permitted assigns. Notwithstanding the foregoing, no party shall be entitled to assign its rights or delegate its obligations under this Agreement without the prior written consent of the other parties; provided,
however, no such consent shall be required in connection with any assignment of Equity Securities or rights under this Agreement to the partners of TP Music, by InternetQ to any of its shareholders, by Pitragon Investments Limited to any of its
shareholders or to Affiliates of either Modern Media or MIHI so long as such assignee executes a deed of adherence to this Agreement in such form as may be required by the Board acting reasonably (Permitted Assigns). 

 

	12.2	 If any provision of this Agreement is held by any court or other competent authority to be invalid or
unenforceable in whole or in part, then so far as it is invalid or unenforceable, it has no effect and is deemed not to be included in this Agreement. This shall not invalidate any of the remaining provisions of this Agreement, and the other
provisions of this Agreement and the remainder of the effective provisions shall continue to be valid and enforceable. The parties shall then use all commercially reasonable efforts to replace the invalid or unenforceable provisions with a valid and
enforceable substitute provision the effect of which is as close as possible to the intended effect of the invalid or unenforceable provision. 

  
 -12- 

Table of Contents

	12.3	 The parties agree that no party has entered into this Agreement in reliance upon any representation, warranty
or undertaking which is not expressly set out or referred to in this Agreement. Nothing in this clause 12.3 shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. 

 

	12.4	 This Agreement may be executed in any number of counterparts, and by the Parties on separate counterparts, but
will not be effective until all the Parties have executed at least one counterpart but all the counterparts will together constitute one and the same instrument. Each counterpart will constitute an original of this Agreement. 

 

	12.5	 Save as expressly provided for in this Agreement, the parties do not intend that any term of this Agreement
will apply to any person who is not a party to this Agreement, and the consent of any person who is not a party to this Agreement shall not be required for the amendment, variation, rescission or termination of the same. 

 

	13.	 FURTHER ASSURANCE 

Without prejudice to any other provision of this Agreement, each party agrees to do (including exercising all voting rights and powers available to it in
relation to any person or the Company) and execute, or arrange for the doing and executing of, each necessary act, document and thing reasonably within its power to implement its obligations under this Agreement. 

 

	14.	 GOVERNING LAW AND JURISDICTION 

 

	14.1	 This Agreement and any claim, dispute or difference arising from or in connection with it (including as to its
existence and validity) will be governed by and construed in accordance with Luxembourg law. 

  

	14.2	 The Parties irrevocably submit to the non-exclusive jurisdiction of the
Luxembourg courts which shall have jurisdiction in relation to any claim, dispute or difference arising from or in connection with this Agreement. 

IN WITNESS of which this Agreement has been executed and delivered on the date stated at the beginning of this Agreement. 

  
 -13- 

Table of Contents

 SIGNATORIES 
  

			
	 Executed by

TOSCA MUSIC LIMITED PARTNERSHIP

acting by its general partner
	 	 
		 	(Authorised Person)                                  
      
	 Executed by

INTERNETQ GROUP LIMITED

acting by
	 	 
		 	(Authorised Person)
	 Executed by

[MANAGECO]
 acting
by
	 	 
		 	(Authorised Person)
	 Executed by

APOSTOLOS N. ZERVOS
	 	 
		 	(Apostolos N. Zervos)
	 Executed by

[MODERN MEDIA LLC]

acting by
	 	 
		 	(Authorised Person)
	 Executed by

[MIHI LLC]
 acting
by
	 	 
		 	(Authorised Person)
	 Executed by

MODERN MEDIA ACQUISITION CORP. S.A.

acting by
	 	 
		 	(Authorised Person)
	 Executed by

[Other Management-affiliated entities party hereto]
	 	 
		 	(Authorised Person)

Table of Contents

 Exhibit I 

Equity Securities 
  

			
	 Shareholder Party
	 	 Equity Securities

		 	
		 	
		 	
		 	

Table of Contents

 Exhibit 3.11 

Compensation of Directors 
  

	1.	 Each Director (other than any Director holding an executive office and the Chairman) shall receive an annual
fee of between USD $100,000 and $150,000, with the exact amount to be determined at Closing, notwithstanding that all directors (other than any Director holding an executive office and the Chairman), shall receive the same annual fee.
Director’s fees may be payable in cash or through an equity award or a combination thereof, notwithstanding that any cash amounts will be paid on a quarterly basis. 

 

	2.	 The Chairman of the Board shall receive an annual fee of USD $330,000, payable consistent with the
Company’s normal pay periods, in consideration of his duties as Chairman. 

 The Chairman agrees to provide services,
that may be requested by the Company from time to time, including with regard to investor/analyst relations, strategic growth initiatives and mergers and acquisitions. 

In relation to the Chairman’s services and for no additional consideration, the Chairman shall provide a
non-competition undertaking in favor of the Company wherein he will agree to not perform services which are the same or similar to those indicated above as a consultant, employee or in any similar capacity or
perform operational services, for any company who provides digital or mobile music streaming platforms and services, or digital or mobile radio aggregation platforms and services, in the Company’s current or future markets of operation.
Chairman agrees that such non-compete considerations, provisions and policies may be altered by the Company or its board to cover changes in Company strategy, products or offerings, or future geographical
expansion related to the Company’s current business. 
 Notwithstanding the foregoing, the Chairman may be involved in any capacity
with (i) any radio broadcaster, provided that a majority of the radio broadcaster’s revenue is derived from terrestrial radio broadcasts, and (ii) companies who offer the services described in the preceding paragraph in the
Company’s current or future markets of operation in a non-material (to their business) degree. 

Should at any time the Company provide notice to the Chairman that he is not complying with the undertaking, the Chairman must, within
30 days, either resign as a member of the Board or cease the activities to the extent constituting the proscribed competition, and upon cessation or resignation the Chairman will have no liability in regard to the above undertaking.EX-10.2

 Exhibit 10.2 

FORM OF EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered
into by and between Modern Media Acquisition Corp. S.A. (the “Company”) and Apostolos N Zervos (“Executive”). The Company and Executive are hereinafter collectively referred to as the
“Parties”, and individually referred to as a “Party”. The Agreement shall become effective upon the closing and effective date (“Effective Date”) of the proposed merger
contemplated in the letter of intent between Modern Media Acquisition Corp. and Akazoo Limited, dated October 25, 2018 (the “Merger”). 

RECITALS 

A.    The Company desires assurance of the association and services of Executive in order to retain
Executive’s experience, skills, abilities, background and knowledge, and is willing to engage Executive’s services on the terms and conditions set forth in this Agreement. 

B.    Executive desires to be in the employ of the Company, and is willing to accept such employment on the terms
and conditions set forth in this Agreement. 
 AGREEMENT 

In consideration of the foregoing Recitals and the mutual promises and covenants herein contained, and for other good and valuable
consideration, the Parties, intending to be legally bound, agree as follows: 
  

	 	1.	 EMPLOYMENT. 

1.1    Title. Effective as of the Effective Date, Executive’s position shall be “Chief Executive
Officer & Founder” or “Founder & Chief Executive Officer” or any abbreviations thereof. In the absence of a Company Chief Operating Officer, Executive’s title may also include the designation of
“President”. 
 1.2    Term. The period of Executive’s
at-will employment under the terms of this Agreement is referred to herein as the “Term.” Subject to Section 4 below, the Parties agree that Executive’s employment may be
terminated at any time with or without cause or notice, for any reason or no reason. 
 1.3    Duties;
Location. Executive shall have the customary powers, responsibilities and authorities of a chief executive officer of a corporation of the size, type and nature of the Company, including but not limited to defining, coordinating, executing and
implementing the Company’s strategy for business development, products commercialization and development, operations, marketing and PR, finance, technology, culture, legal, mergers and acquisitions, geographic expansion and strategic growth
initiatives. Additionally, to advise the Company’s board of directors on key corporate matters and decisions and manage all aspects of the company’s public presence, including investor relations to maximize shareholder value. Executive
shall report to the Company’s Board of Directors (the “Board”). Executive’s principal place of employment during the Term shall be in Athens, Greece, subject to reasonable business travel as may be required from time-to-time, provided, however, that Executive may relocate during the Term to either London, England, or the New York Tri-State Area,
USA, as determined in Executive’s sole and exclusive discretion.  

 1.4    Governing Agreement. The employment relationship
between the Parties shall be governed by this Agreement and any other provisions of agreements between Executive and the Company setting forth compensation, benefits, or equity to which Executive is or may be entitled or local laws applicable to
local operating companies with whom Executive may have ancillary agreements. 
 1.5    Employing Entity.
The Parties agree that the Parties may mutually agree to assign, the Company’s rights, duties and obligations hereunder to affiliated entities to the extent that employment by such local entity would avoid adverse tax implications for
either Executive or the Company. In the event of such an assignment, the Parties agree that the assignee shall be primarily liable for all Company obligations and duties hereunder but that the Company shall assume any liabilities hereunder should
the local entity be unable to fulfill such obligations and duties hereunder. For avoidance of doubt, if the local entity is unable to fulfill the severance obligations hereunder, the Company agrees to satisfy them. 

 

	 	2.	 LOYALTY; NONCOMPETITION; NONSOLICITATION.

 2.1    Loyalty. During Executive’s employment by the Company, Executive shall
devote substantially all the standard business hours of the Company to the performance of Executive’s duties under this Agreement. Notwithstanding the foregoing, except as otherwise agreed to in writing, Executive shall have the right to
perform such incidental services as are necessary in connection with (a) his private investments, (b) his charitable or community activities, (c) his participation in trade or professional organizations, and (d) his service on
the board of directors (or comparable body) of any third-party corporate entity that is not a Competitive Entity (as defined in Section 2.3), so long as these activities do not materially interfere with Executive’s duties hereunder and,
with respect to (d), Executive obtains prior Company consent, which consent will not be unreasonably withheld. Executive may also provide services to other parties as an advisor or consultant. Notwithstanding anything to the contrary above,
Executive is permitted to continue his work and affiliation with, Codx Ltd., Firstserved Ltd., SocialCast, iAudioAds, Nowconfidential, Apollo Investments, NAMA, Scenebits, Orfeus, Create Global Ltd. 

2.2    Agreement not to Participate in Company’s Competitors. During the Term, Executive agrees not to
acquire, assume or participate in, directly or indirectly, any position, investment or interest known by Executive to be in competition with the business of the Company or any of its Affiliates (as defined below). Ownership by Executive, in
professionally managed funds over which the Executive does not have control or discretion in investment decisions, or as a passive investment, of less than five percent (5%) of the outstanding shares of capital stock of any corporation with one or
more classes of its capital stock listed on a national securities exchange or publicly traded on a national securities exchange or in the over-the-counter market shall
not constitute a breach of this Section. For purposes of this Agreement, “Affiliate,” means, with respect to any specific entity, any other entity that, directly or indirectly, through one or more
intermediaries, controls, is controlled by or is under common control with such specified entity. Notwithstanding the above, in the event that the Company or any of its Affiliates undertakes a business line after the Merger that is in competition
with a pre-existing venture in which Executive has an interest, Executive shall not be required to divest himself from such venture provided that Executive relinquishes operational control of such competitive
venture. 

  
 2 

 2.3    Covenant not to Compete. To the extent permitted by
the laws of the jurisdiction in which Executive primarily performs services for the Company, during the Term and for a period of twelve (12) months thereafter (the “Restricted Period”), Executive shall not engage in
competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, affiliate, promoter, partner, officer, director, employee, in any phase of the business of developing, manufacturing and marketing
of digital music streaming services (a “Competitive Entity”), except with the prior written consent of the Company. Notwithstanding anything to the contrary herein, nothing in this Section 2.3 shall prevent Executive
from working for a non-competitive division, department, subsidiary, or affiliate of a Competitive Entity, provided that Executive does not provide any advice or counsel to the Competitive Entity on activities
competitive with the Company during the Restricted Period. 
 2.4    Nonsolicitation. During the Restricted
Period, Executive shall not: (i) solicit or induce, or attempt to solicit or induce, any employee of the Company or its Affiliates to leave the employ of the Company or such Affiliate; or (ii) solicit or attempt to solicit the business of
any client or customer of the Company or its Affiliates with respect to competitive products or services offered by a Competitive Entity. 

2.5    Acknowledgements. Executive acknowledges and agrees that his services to the Company pursuant to this
Agreement are unique and extraordinary and that in the course of performing such services Executive shall have access to and knowledge of significant confidential, proprietary, and trade secret information belonging to the Company. Executive agrees
that the covenant not to compete and the nonsolicitation obligations imposed by this Section 2 are reasonable in duration, geographic area, and scope and are necessary to protect the Company’s legitimate business interests in its goodwill,
its confidential, proprietary, and trade secret information, and its investment in the unique and extraordinary services to be provided by Executive pursuant to this Agreement. If, at the time of enforcement of this Section 2, a court holds
that the covenant not to compete and/or the nonsolicitation obligations described herein are unreasonable or unenforceable under the circumstances then existing, then the Parties agree that the maximum duration, scope, and/or geographic area legally
permissible under such circumstances will be substituted for the duration, scope and/or area stated herein. 
  

	 	3.	 COMPENSATION OF THE EXECUTIVE.

 3.1    Base Salary. The Company shall pay Executive a base salary (the
“Base Salary”) at the annualized rate of $1,000,000.00 USD, payable in regular periodic payments in accordance with the Company’s normal payroll practices; provided, however, that the Base Salary rate will be increased
to $1,200,000.00 USD if the cash proceeds raised as part of the Merger by the surviving corporation and assumed by the Company upon the consummation of the Merger are at least $130,000,000.00 USD, after reduction for any transaction expenses
incurred in connection with the capital raise. The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. The Company may increase, but not decrease (except in
connection with a Company-wide decrease in executive compensation applied on a proportional basis to 

  
 3 

 
Executive as the reductions in base salary are applied to other similarly situated executive officers, and in no case exceed an aggregate reduction of 10% during the Term), Executive’s Base
Salary from time to time, and if so increased, “Base Salary” shall include such increases for purposes of this Agreement. 

3.2    Bonuses. For each of calendar years 2019 and 2020, Executive shall be eligible to receive a cash bonus
(the “Annual Performance Bonus”) in an amount up to 125% of Executive’s then-current Base Salary on the Company’s attainment of certain financial and/or business milestones (the
“Milestones”). The Milestones will be established annually by the Company’s Board of Directors (“Board”) or the Remuneration Committee in consultation with the CEO, provided that for 2019 and
2020, such Milestones will be based on revenue and premium subscriber target values outlined in the budget approved by the Company Board on a yearly basis. The Milestones for 2019 will be established and communicated to Executive within 30 days
after the Effective Date. The Milestones for subsequent years will be established and communicated to Executive by no later than January 7th of each subsequent year. The Company agrees that the
audited achievement of the Milestones will result in the payment of an Annual Performance Bonus on a progressive scale based on the following framework – if the Company achieves at least 85% of the Milestones for the year then the Annual
Performance Bonus will be 25% of Executive’s Base Salary, if the Company achieves at least 100% of the Milestones for the year then the Annual Performance Bonus will be 75% of his Base Salary, and if the Executive achieves at least 115% of the
Milestones for the year then the Annual Performance Bonus will be 125% of his Base Salary. The degree of the Company’s Milestone performance shall be determined according to reasonable criteria and communicated, within 15 days of the completion
of the annual audited financial report, by the Remuneration Committee. The annual cash bonus will be paid by no later than April 30th. After 2020, the Milestones may be adjusted in the reasonable
discretion of the Remuneration Committee of the Board (the Milestones may continue to be based on Company revenue targets or may be based on other reasonable business and financial milestones) notwithstanding that the maximum bonus amount (125% of
Base Salary) and scale (as outlined above) may not be decreased without the prior consent of the Executive. 

3.3    Expense Reimbursements; Car Allowance. The Company will reimburse Executive for all business expenses,
including but not limited to communications and mobile communication expenses, transport, lodging, and business related travel expenses, that Executive incurs in conducting his duties hereunder, pursuant to the Company’s usual expense
reimbursement policies, but in no event later than ninety (90) days after the end of the calendar month following the month in which such expenses were incurred by Executive; provided that Executive supplies the appropriate substantiation for
such expenses no later than the end of the calendar month following the month in which such expenses were incurred by Executive. In addition to such reimbursements as described herein, the Company will also pay Executive a monthly stipend of no less
than $5,000 to be allocated to on-going monthly expenses in the course of business, travel, and transport and car expenses that are not conducive to, or practical for, reimbursement. 

3.4    Employment Taxes. All of Executive’s compensation (whether paid to Executive or Executive’s
estate), including, to the extent applicable, any taxable reimbursements or stipends, shall be subject to customary withholding taxes and any other employment taxes, to the extent required by the law based on Executive’s domicile or place of
work, as applicable. 

  
 4 

 3.5    Benefits. At the Company’s expense, the
Executive shall, in accordance with Company policy and the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement, including medical, dental, vision, disability and life insurance programs, that may
be in effect from time to time and made available to the Company’s senior management employees, subject to the terms and conditions of those benefit plans. Such plans shall have international coverage. 

3.6    Holidays and Vacation. Executive shall receive 25 days of paid vacation per year, which cannot be
taken in one increment, but which shall accrue if not used in any year and be paid to Executive or carried forward to subsequent years consistent with Company policy. In addition to such paid vacation, Executive shall receive all paid Company
holidays in accordance with Company policy. 
 3.7    Long Term Incentive Plan (LTIP). The
Company will establish a long-term incentive program (LTIP) for Executive. The first LTIP awards will cover the 3 year period 2019-2021, consisting of various equity incentive instruments, but whose value shall be 150% of Executive’s annual
Base Salary for the year at issue (such value is the “Yearly LTIP Value”) subject to and on the terms described in Sections 3.7.1 and 3.7.2 as follows:  

3.7.1    Annual Stock Option Award. By no later than February 15th of each calendar year during the Term (or, in the case of calendar year 2019, by no later than thirty (30) days after the closing of the Merger), and provided that Executive remains an employee
of the Company or its Affiliates as of the date of grant of the stock option, the Company shall grant to Executive an option to purchase shares of the Company’s common stock under the Company’s 2019 Omnibus Equity Incentive Plan (the
“Plan”), where each such option will have a grant date value of 50% of the Yearly LTIP Value (for example, $750,000 USD or $900,000 USD for calendar year 2019 pursuant to terms in 3.1), at an exercise price that is equal to
the fair market value of the common stock on the date of grant (each annual grant referred to as an “Option”). The “value” of each Option for this purpose will be the fair value of the Option on the date of grant
based on a Black-Scholes or any similar option valuation methodology utilized by the Company for determining the fair value of its stock options for financial reporting purposes. Subject to the accelerated vesting provisions set forth herein, prior
to a Termination of Service (as defined in the Plan ), the Option will vest and become exercisable as to 1/36th of the shares subject to the Option monthly, so that the Option will be fully vested and exercisable three (3) years from the date
of grant. 
 3.7.2    Annual Restricted Stock Unit Award. By no later than February 15th of each calendar year during the Term (or, in the case of calendar year 2019, by no later than thirty (30) days after the closing of the Merger), and provided that Executive remains an employee
of the Company or its Affiliates as of the date of grant of an RSU Award, the Company shall also grant to Executive an award of restricted stock units with respect to shares of the Company’s common stock, covering a number of shares having a
fair market value equal to 50% of the Yearly LTIP Value (for example, $750,000 USD or $900,000 USD for calendar year 2019 pursuant to terms in 3.1) (each annual grant referred to as an “RSU Award”). With respect to the RSU
Award in 2019 (the “2019 RSU Award”), subject to the accelerated vesting provisions set forth herein, prior to a Termination of Service (as defined in the Plan ), 50% of the 2019 RSU Award will be subject to vesting based
upon the audited achievement of mutually agreed upon Company revenue 

  
 5 

 
targets for financial years 2019-2021, and 50% of the 2019 RSU Award will be subject to vesting tied to the achievement of mutually agreed upon total shareholder return (TSR) goals for financial
years 2019-2021 as compared against the Company’s peer group, including Spotify and Tencent Music, if applicable. The aforementioned goals will be established as of the date the 2019 RSU Award is granted. For each subsequent financial year
after 2019 during the Term of this Agreement, the Company will approve an additional grant of RSUs, in each case covering shares of Company common stock having a fair market value equal to 50% of the Yearly LTIP Value on the date of grant, and
subject to vesting based on the attainment of reasonable performance targets (revenue and TSR) over the course of the 3 year periods (e.g., the 2020 RSU Award would vest at the end of 2022 based on performance goals for that three-year period), as
such goals are established in good faith by the Company’s Remuneration Committee. The performance goals for all RSUs are subject to equitable adjustment for acquisitions and any other corporate transactions that materially affect the
performance targets. 
 3.7.3    As soon as practicable after the Merger, the Company agrees to register any
shares of capital stock issued pursuant to awards under the Plan, including shares of common stock issued to Executive, on a Form S-8 or other similar registration statement and will use its best efforts to
maintain the effectiveness of such registration during all times that such shares of capital stock remain outstanding. 
  

	 	4.	 TERMINATION. 

4.1    Termination by the Company. Executive’s employment with the Company is at will and may be
terminated by the Company at any time and for any reason, or for no reason, including, but not limited to, under the following conditions: 

4.1.1    Termination by the Company for Cause. The Company may terminate Executive’s employment under
this Agreement for “Cause” by delivery of written notice to Executive. Any notice of termination given pursuant to this Section 4.1.1 shall effect termination as of the date of the notice, or as of such other date as specified in the
notice. 
 4.1.2    Termination by the Company without Cause. The Company may terminate Executive’s
employment under this Agreement without Cause at any time and for any reason, or for no reason. Such termination shall be effective on the date Executive is so informed, or as otherwise specified by the Company. 

4.2    Termination by Resignation of Executive. Executive’s employment with the Company is at will and
may be terminated by Executive at any time and for any reason, or for no reason, including via a resignation for Good Reason in accordance with the procedures set forth in Section 4.6.3 below. 

4.3    Termination for Death or Complete Disability. Executive’s employment with the Company shall
automatically terminate effective upon the date of Executive’s death or Complete Disability (as defined below). 

4.4    Termination by Mutual Agreement of the Parties. Executive’s employment with the Company may be
terminated at any time upon a mutual agreement in writing of the Parties. Any such termination of employment shall have the consequences specified in such agreement. 

  
 6 

 4.5    Compensation Upon Termination. 

4.5.1    Death or Complete Disability. If, during the Term of this Agreement, Executive’s employment
shall be terminated by death or Complete Disability, the Company shall pay to Executive, his estate, or his heirs, as applicable, (i) any Base Salary owed to Executive through the date of termination; (ii) expenses reimbursement amounts
owed to Executive; (iii) all unpaid bonuses Executive accrued for any already completed calendar years prior to the termination date; (iv) a cash lump sum in respect to accrued and unused vacation benefits earned through the date of
termination at the rate in effect at the time of termination; (v) any payments and benefits to which Executive (or his estate) is entitled pursuant to the terms of any employee benefit or compensation plan or program in which he participates
(or participated); and (vi) any amount to which Executive is entitled pursuant to any other written agreements between the Company or any of its Affiliates and Executive (the amounts in (i) through (vi) above being the
“Termination Amounts”). The Company shall pay Executive: (A) the amounts contained in items (i) through (iv) within ten (10) days following such termination (or in the case of any performance bonuses based on
completed calendar years, upon the Company’s receipt of its completed financial statements or other information confirming achievement of the performance milestones, if applicable); (B) any payments associated with (v) in accordance to the
terms of such plans or programs; and (C) any such amounts in (vi) in accordance with the terms of such agreements. Additionally, in the case of Executive’s death or complete disability, Executive, or his estate or heirs, shall be
beneficiaries to all amounts, proceeds and benefits provisioned by a Company sponsored life insurance program providing death and disability benefits, administered to the Executive within a period of four (4) months from closing of the Merger.
In the case of Executive’s death or complete disability within this four (4) month period, and where such an insurance policy is not active, has not come into effect yet or is under renewal or renegotiation, then the Executive, or his
estate or heirs shall be due $1 million USD as an additional Termination Amount. 
 4.5.2    Termination
For Cause or Resignation without Good Reason. If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay
Executive the Termination Amounts. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law. 

4.5.3    Termination Without Cause or Resignation For Good Reason. If the Company terminates
Executive’s employment without Cause, or if Executive resigns for Good Reason, the Company shall pay Executive the Termination Amounts. In addition, subject to Executive furnishing to the Company an executed Release within a reasonable time
period specified therein but which in no event will be greater than forty-five (45) days after the date of termination, and allowing the Release to become effective in accordance with its terms, Executive shall be entitled to:
(1) severance in the form of a lump sum payment equivalent to (i) three years of his Base Salary (at the Base Salary rate in effect at the time of termination, but prior to any reduction triggering Good Reason), if Executive’s
termination occurs within (or on the last day of) the two-year period starting on the Effective Date; or if Executive’s termination occurs prior to a 

  
 7 

 
four (4) month period before a Change in Control or on or after a Change in Control, but prior to any reduction triggering Good Reason
(ii) two-years of his Base Salary (at the Base Salary rate in effect at the time of termination, but prior to any reduction triggering Good Reason) if Executive’s termination occurs after the end of
the two-year period that started on the Effective Date; (2) payment of 100% of Executive’s premiums to cover COBRA for the Executive and his eligible dependents for a period of twelve
(12) months following the termination date; (3) a pro-rata Annual Performance Bonus for the year of termination, where the amount of the pro-rata bonus is the
Executive’s maximum bonus opportunity (125% of Executive’s then Base Salary) multiplied by a fraction, the numerator of which shall be the number of full and partial months Executive worked for the Company during the year
of termination and the denominator of which shall be 12; and (4) immediate accelerated vesting of any unvested equity, whether such equity is subject to time-based or performance-based vesting, including, without limitation, any shares of
restricted stock, restricted stock units and unvested outstanding stock option(s) (including, but not limited to, accelerated vesting of any outstanding Options or RSU Awards under Section 3.7 of this Agreement), and provided further that any
contractual limitations or restrictions on the rights of Executive to sell or transfer any capital stock of the Company shall lapse and no longer apply upon his termination from employment under this Section. The payments under (1) and (3)
above will be made on the Company’s first regular payroll date after the effective date of the Release, and the reimbursement or payment of COBRA premiums will be made as those premium payments become due for Executive, provided that any such
payment that is scheduled to be paid before the effective date of the Release shall accrue and be paid in the first payroll period that follows such effective date. 

4.6    Definitions. For purposes of this Agreement, the following terms shall have the following meanings:

 4.6.1    Complete Disability. “Complete Disability” means that Executive is
determined to be permanently disabled pursuant to the Company’s long term disability plan and is receiving disability benefits under such plan, or, if no such plan exists, means permanent and total disability as defined in Section 22(e)(3)
of the Internal Revenue Code of 1986, as amended. 
 4.6.2    Cause. “Cause”
for the Company to terminate Executive’s employment hereunder shall mean the occurrence of any of the following events: 

(i)    The willful failure, disregard or refusal by Executive to perform his material duties or obligations under this
Agreement or to follow lawful directions received by Executive from the Board (other than because of incapacity due to physical or mental illness); 

(ii)    Any grossly negligent act by Executive having the effect of materially injuring (whether financially or otherwise)
the business or reputation of the Company or any willful act by Executive intended to cause such material injury, except any acts (A) made by Executive in connection with the enforcement of his rights, whether under this Agreement, any other
agreement between the Company or any affiliate and Executive, or pursuant to applicable law (e.g. disparagement, etc.) or (B) which are required by law or pursuant to a subpoena or demand by a governmental or regulatory body; 

  
 8 

 (iii)    Executive’s conviction for any felony involving moral
turpitude (including entry of a nolo contendere plea); 
 (iv)    Executive’s misappropriation or
embezzlement of the property of the Company or its Affiliates (which would qualify as a felony under local criminal law); or 

(v)    Willful and material breach by Executive of this Agreement and/or of his Proprietary Information and Inventions
Agreement (“PIIA”); provided, however, that, any such termination of Executive under 4.6.2(i), (ii), or (iv), shall only be deemed for Cause pursuant to this definition if: (1) the Company gives the Executive
written notice of the condition(s) alleged to constitute Cause, which notice shall describe such condition(s); and (2) the Executive fails to remedy such condition(s) (if curable) within thirty (30) days following receipt of the written
notice. 
 4.6.3    Good Reason. For purposes of this Agreement, and subject to the caveat at the end of
this Section, “Good Reason” for Executive to terminate his employment hereunder shall mean the occurrence of any of the following events without Executive’s prior written consent: 

(i)    any reduction by the Company of Executive’s Base Salary as initially set forth herein, provided, however, that
if such reduction occurs in connection with a Company-wide decrease in executive compensation of no more than 10% in the aggregate during the Term, such reduction shall not constitute Good Reason for Executive to terminate his employment; 

(ii)    a material breach by the Company (or any of its affiliates) of this Agreement or any other written agreement
between the Company or any of its affiliates and Executive; 
 (iii)    any change in Executive’s job title, except
as contemplated in Section 1.1 above; 
 (iv)    a material adverse change in Executive’s duties, authority,
responsibilities or reporting relationships, with such determination being made with reference to the greatest extent of your duties, titles, authority, responsibilities or reporting relationships, etc. as increased (but not decreased) from time to
time; 
 (v)    any failure of the Company or any affiliate to timely pay Executive any amount owed to Executive under
this Agreement or any other written agreement plan or program between the Company, any affiliates and Executive; 

(vi)    relocation of Executive’s principal place of employment by more than thirty-five (35) miles; 

(vii)    any reduction in Executive’s bonus eligibility or a reduction of the maximum Annual Performance Bonus to an
amount less than 125% of the Base Salary; 
 (viii)    the assignment to Executive of duties materially inconsistent
with his position with the Company; 

  
 9 

 (ix)    the Company’s failure to obtain an agreement from any
successor or assignee to assume and agree to perform this Agreement: or 
 (x)    a Change in Control. 

Provided, however, that, any such termination by the Executive shall only be deemed for Good Reason pursuant to this definition if: (1) the
Executive gives the Company written notice of his intent to terminate for Good Reason; by no later than thirty (30) days after the event or condition(s) which Executive believes constitutes Good Reason; which notice shall describe such
condition(s); (2) the Company fails to remedy such condition(s) within thirty (30) days following receipt of the written notice (the “Cure Period”); and (3) Executive voluntarily terminates his employment within
thirty (30) days following the end of the Cure Period. 
 4.6.4    Definition of Change in
Control. For purposes of this Agreement, “Change in Control” shall mean the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events (excluding in any case
transactions in which the Company or its successors issues securities to investors primarily for capital raising purposes): 

(i)    the acquisition by a third party (or more than one party acting as a group) of securities of the Company
representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction, provided that a Change of Control shall not be deemed
to have occurred if such third party (or a member of such group) owns in excess of 5% of the Company’s voting power as of the date of this Agreement; 

(ii)    a merger, consolidation or similar transaction following which the Stockholders of the Company immediately prior
thereto do not own at least fifty percent (50%) of the combined outstanding voting power of the surviving entity (or that entity’s parent) in such merger, consolidation or similar transaction; 

(iii)    the dissolution or liquidation of the Company; 

(iv)    the sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company;
or 
 (v)    within any twenty-four (24) month period, the Incumbent
Directors (as defined in the Plan) shall cease to constitute at least a majority of the Board or the board of directors of any successor to the Company; provided, however, that any director elected to the Board, or nominated for election, by a
majority of the Incumbent Directors then still in office, shall be deemed to be an Incumbent Director for purposes of this paragraph (e), but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of
either an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, entity or “group” other than the
Board. 

  
 10 

 4.7    Survival of Certain Sections. Any provision of this
Agreement that must survive termination of this Agreement if necessary to effectuate the intent of the Parties will survive such termination, including Sections 2.3, 2.4, 3, 6, 7, 8, 9, 11, 12, 13, 16, and 17. 

4.8    Application of Internal Revenue Code Section 409A. Notwithstanding anything to the
contrary set forth herein, any payments and benefits provided under this Agreement (the “Severance Benefits”) that constitute “deferred compensation” within the meaning of Section 409A of the Code and the
regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”) shall not commence in connection with Executive’s termination of employment
unless and until Executive has also incurred a “separation from service” (as such term is defined in Treasury Regulation Section 1.409A-1(h) (“Separation From Service”),
unless the Company reasonably determines that such amounts may be provided to Executive without causing Executive to incur the additional 20% tax under Section 409A. 

It is intended that each installment of the Severance Benefits payments provided for in this Agreement is a separate “payment” for
purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). For the avoidance of doubt, it is intended that payments of the Severance Benefits set forth in this Agreement satisfy, to the greatest extent
possible, the exemptions from the application of Section 409A provided under Treasury Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9). However, if the Company (or, if applicable, the successor entity thereto) determines that the Severance Benefits constitute “deferred compensation” under Section 409A and Executive is,
on the termination of service, a “specified employee” of the Company or any successor entity thereto, as such term is defined in Section 409A(a)(2)(B)(i) of the Code, then, solely to the extent necessary to avoid the incurrence of the
adverse personal tax consequences under Section 409A, the timing of the Severance Benefit payments shall be delayed until the earlier to occur of: (i) the date that is six months and one day after Executive’s Separation From Service,
or (ii) the date of Executive’s death (such applicable date, the “Specified Employee Initial Payment Date”), the Company (or the successor entity thereto, as applicable) shall (A) pay to Executive a lump sum
amount equal to the sum of the Severance Benefit payments that Executive would otherwise have received through the Specified Employee Initial Payment Date if the commencement of the payment of the Severance Benefits had not been so delayed pursuant
to this Section and (B) commence paying the balance of the Severance Benefits in accordance with the applicable payment schedules set forth in this Agreement. 

Notwithstanding anything to the contrary set forth herein, Executive shall receive the Severance Benefits described above, if and only if
Executive duly executes and returns to the Company within the applicable time period set forth therein, but in no event more than forty-five days following Separation From Service, the Release and permits the release of claims contained therein to
become effective in accordance with its terms. Notwithstanding any other payment schedule set forth in this Agreement, none of the Severance Benefits will be paid or otherwise delivered prior to the effective date of the Release. Except to the
extent that payments may be delayed until the Specified Employee Initial Payment Date pursuant to the preceding paragraph, on the first regular payroll pay day following the effective date of the Release, the Company will pay Executive the Severance
Benefits Executive would otherwise have received under the Agreement on or prior to such date but for the delay in payment related to the effectiveness of the Release, with the balance of the Severance Benefits being paid as originally scheduled.
All amounts payable under the Agreement will be subject to standard payroll taxes and deductions. 

  
 11 

 All reimbursements and in-kind benefits provided
under this Agreement shall be made or provided in accordance with the requirements of Section 409A to the extent that such reimbursements or in-kind benefits are subject to Section 409A. All
reimbursements for expenses paid pursuant hereto that constitute taxable income to Executive shall in no event be paid later than the end of the calendar year next following the calendar year in which Executive incurs such expense or pays such
related tax. Unless otherwise permitted by Section 409A, the right to reimbursement or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit and the
amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind
benefits to be provided, respectively, in any other taxable year. 
  

	 	5.	 CONFIDENTIAL AND PROPRIETARY INFORMATION.

 As a condition of employment Executive agrees to execute the PIIA. 

 

	 	6.	 ASSIGNMENT AND BINDING EFFECT.

 This Agreement shall be binding upon and inure to the benefit of Executive and Executive’s heirs, executors,
personal representatives, assigns, administrators and legal representatives. Because of the unique and personal nature of Executive’s duties under this Agreement, neither this Agreement nor any rights or obligations under this Agreement shall
be assignable by Executive. This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns and legal representatives. Any such successor of the Company will be deemed substituted for the Company under the
terms of this Agreement for all purposes. For this purpose, “successor” means any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or
substantially all of the assets or business of the Company. 
  

	 	7.	 NOTICES. 

All notices or demands of any kind required or permitted to be given by the Company or Executive under this Agreement shall be given in writing
and shall be personally delivered (and receipted for) or faxed during normal business hours or mailed by certified mail, return receipt requested, postage prepaid, addressed as follows: 

If to the Company: 

(      )
                     
 Attn:
                     
 If to
Executive: 

[                       
         ] 

  
 12 

 Any such written notice shall be deemed given on the earlier of the date on which such notice is personally
delivered or three (3) days after its deposit in the United States mail as specified above. Either Party may change its address for notices by giving notice to the other Party in the manner specified in this Section. 

 

	 	8.	 CHOICE OF LAW. 

This Agreement shall be construed and interpreted in accordance with the internal laws of the State of New York without regard to its conflict
of laws principles. 
  

	 	9.	 INTEGRATION. 

This Agreement, including Exhibit A and the PIIA, contains the complete, final and exclusive agreement of the Parties relating to the
terms and conditions of Executive’s employment and the termination of Executive’s employment, and supersedes all prior and contemporaneous oral and written employment agreements. 

 

	 	10.	 AMENDMENT. 

This Agreement cannot be amended or modified except by a written agreement signed by Executive and the Company. 

 

	 	11.	 WAIVER. 

No term, covenant or condition of this Agreement or any breach thereof shall be deemed waived, except with the written consent of the Party
against whom the wavier is claimed, and any waiver or any such term, covenant, condition or breach shall not be deemed to be a waiver of any preceding or succeeding breach of the same or any other term, covenant, condition or breach. 

 

	 	12.	 SEVERABILITY. 

The finding by a court of competent jurisdiction of the unenforceability, invalidity or illegality of any provision of this Agreement shall not
render any other provision of this Agreement unenforceable, invalid or illegal. Such court shall have the authority to modify or replace the invalid or unenforceable term or provision with a valid and enforceable term or provision, which most
accurately represents the Parties’ intention with respect to the invalid or unenforceable term, or provision. 
  

	 	13.	 INTERPRETATION; CONSTRUCTION. 

The headings set forth in this Agreement are for convenience of reference only and shall not be used in interpreting this Agreement. This
Agreement has been drafted by legal counsel representing the Company, but the Executive has been encouraged to consult with, and has consulted with, Executive’s own independent counsel and tax advisors with respect to the terms of this
Agreement. The Parties acknowledge that each Party and its counsel has reviewed and revised, or had an opportunity to review and revise, this Agreement, and any rule of construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Agreement. 

  
 13 

	 	14.	 REPRESENTATIONS AND WARRANTIES. 

Executive represents and warrants that Executive is not restricted or prohibited, contractually or otherwise, from entering into and performing
each of the terms and covenants contained in this Agreement, and that Executive’s execution and performance of this Agreement will not violate or breach any other agreements between the Executive and any other person or entity. 

 

	 	15.	 COUNTERPARTS. 

This Agreement may be executed in two counterparts, each of which shall be deemed an original, all of which together shall contribute one and
the same instrument. Signatures to this Agreement transmitted by fax, by email in “portable document format” (“.pdf”) or by any other electronic means intended to preserve the original graphic and pictorial appearance of this
Agreement shall have the same effect as physical delivery of the paper document bearing original signature. 
  

	 	16.	 ARBITRATION. 

To ensure the rapid and economical resolution of disputes that may arise in connection with the Executive’s employment with the Company,
Executive and the Company agree that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to Executive’s employment, or the termination of that employment, will be resolved, to the fullest extent
permitted by law, by final, binding and confidential arbitration pursuant to the Federal Arbitration Act in the location of Executive’s primary work location conducted by the Judicial Arbitration and Mediation Services/Endispute, Inc.
(“JAMS”), or its successors, under the then current rules of JAMS for employment disputes; provided that the arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to
award such relief as would otherwise be permitted by law; and (b) issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement of the award. Accordingly, Executive and the Company
hereby waive any right to a jury trial. Both Executive and the Company shall be entitled to all rights and remedies that either Executive or the Company would be entitled to pursue in a court of law. The Company shall pay any JAMS filing fee and
shall pay the arbitrator’s fee. Nothing in this Agreement is intended to prevent either Executive or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration.
Notwithstanding the foregoing, Executive and the Company each have the right to resolve any issue or dispute involving confidential, proprietary or trade secret information, or intellectual property rights, by Court action instead of arbitration.

  

	 	17.	 INDEMNIFICATION. 

Without limiting the Company’s requirements under local or Luxembourg law, to the extent more favorable to Executive than Delaware law,
the Company shall defend and indemnify Executive in his capacity as an officer of the Company to the fullest extent permitted under the Delaware General Corporation Law (“DGCL”) as if the Company were incorporated in

  
 14 

 
Delaware. The Company shall also maintain a policy for indemnifying its officers and directors during the Term and for no less than six years after the date upon which Executive’s employment
with the Company terminates, including but not limited to the Executive, for all actions permitted under the DGCL taken in good faith pursuit of their duties for the Company, including but not limited to maintaining an appropriate level of Directors
and Officers Liability coverage and maintaining the inclusion of such provisions in the Company’s by-laws or articles of incorporation, as applicable and customary. The rights to indemnification and
requirement to maintain related insurance shall survive any expiration or termination of this Agreement. 
  

	 	18.	 TRADE SECRETS OF OTHERS.

 It is the understanding of both the Company and Executive that Executive shall not divulge to the Company and/or its
subsidiaries any confidential information or trade secrets belonging to others, including Executive’s former employers, nor shall the Company and/or its Affiliates seek to elicit from Executive any such information. Consistent with the
foregoing, Executive shall not provide to the Company and/or its Affiliates, and the Company and/or its Affiliates shall not request, any documents or copies of documents containing such information. 

  
 15 

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

			
	MODERN MEDIA ACQUISITION CORP. S.A.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Dated:	 	 

  

	
	EXECUTIVE:
	
	   

	APOSTOLOS ZERVOS

  

			
	Dated:	 	 

 EXHIBIT A 

RELEASE AND WAIVER OF CLAIMS 

TO BE SIGNED ON OR FOLLOWING THE SEPARATION DATE ONLY 

In consideration of the payments and other benefits set forth in the Employment Agreement effective as of
                        , to which this form is attached, I, Apostolos Zervos, hereby furnish Modern Media
Acquisition Corp. S.A. (the “Company”), with the following release and waiver (“Release and Waiver”). 

In exchange for the consideration provided to me by the Employment Agreement that I am not otherwise entitled to receive, I hereby generally
and completely release the Company and its current and former directors, officers, employees, stockholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns (collectively, the
“Released Parties”) from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to or on the date that I
sign this Agreement (collectively, the “Released Claims”). Except as provided below, the Released Claims include, but are not limited to: (a) all claims arising out of or in any way related to my employment with the
Company, or the termination of that employment; (b) all claims related to my compensation or benefits from the Company including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock
options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing; (d) all tort claims, including claims for fraud,
defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, misclassification, attorneys’ fees, or other
claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (the “ADEA”), the fair
employment practices statutes of the state or states in which I have provided services to the Company and/or any other federal, state or local law, regulation or other requirement. Notwithstanding the foregoing, the following are not included in the
Released Claims (the “Excluded Claims”): (a) any rights or claims under the Agreement or any other written agreement between the Company and me, including any stock option award agreement or plan, (b) any rights or
claims that may arise as a result of events occurring after the date this Release and Waiver is executed or which otherwise cannot lawfully be waived, (c) any indemnification rights I may have as a former officer or director of the Company or
its subsidiaries or affiliated companies, including any rights or claims for indemnification I may have pursuant to any written indemnification agreement with the Company to which I am a party, the charter, bylaws, or operating agreements of the
Company, or under applicable law; (d) any claims for benefits under any directors’ and officers’ liability policy maintained by the Company or its subsidiaries or affiliated companies in accordance with the terms of such policy,
(e) any rights or claims under any employee benefit or compensation plan or program in which I participate or participated (or was eligible to participate), (f) any rights or claims to unemployment compensation, and (g) reimbursement for
business expenses which are consistent with the Company’s reimbursement policy. I hereby represent and warrant that, other than the Excluded Claims, I am not aware of any claims I have or might have against any of the Released Parties that are
not included in the Released Claims. 

 I expressly waive and relinquish any and all rights and benefits under any applicable law or
statute providing, in substance, that a general release does not extend to claims which a party does not know or suspect to exist in his or his favor at the time of executing the release, which if known by him or his would have materially affected
the terms of such release. 
 I acknowledge that, among other rights, I am waiving and releasing any rights I may have under ADEA, that this
Release and Waiver is knowing and voluntary, and that the consideration given for this Release and Waiver is in addition to anything of value to which I was already entitled as an executive of the Company. If I am 40 years of age or older upon
execution of this Release and Waiver, I further acknowledge that I have been advised, as required by the Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein does not relate to claims under the ADEA which may
arise after this Release and Waiver is executed; (b) I should consult with an attorney prior to executing this Release and Waiver; and (c) I have twenty-one (21) days from the date of
termination of my employment with the Company in which to consider this Release and Waiver (although I may choose voluntarily to execute this Release and Waiver earlier); (d) I have seven (7) days following the execution of this Release and
Waiver to revoke my consent to this Release and Waiver; and (e) this Release and Waiver shall not be effective until the seven (7) day revocation period has expired without my having previously revoked this Release and Waiver. 

I acknowledge my continuing obligations under my Proprietary Information and Inventions Agreement. Pursuant to the Proprietary Information and
Inventions Agreement I understand that among other things, I must not use or disclose any confidential or proprietary information of the Company and I must immediately return all Company property and documents (including all embodiments of
proprietary information) and all copies thereof in my possession or control. 
 This Release and Waiver constitutes the complete, final and
exclusive embodiment of the entire agreement between the Company and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that is not expressly stated herein. This Release and Waiver may only
be modified by a writing signed by both me and a duly authorized officer of the Company. 
  

									
					
	Date:	 	                                
                    	 		 	By:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]