Document:

Exhibit 10.15
Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential. Information that was omitted has been noted in this document with a placeholder identified by the mark
“[***]”.
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT (“Agreement”) is entered into on March 1, 2017 (the “Effective Date”), by and between Brivo Systems LLC, a Delaware limited liability company (the “Company”), and Steve Van Till (“Executive”).
Statement of Facts
A.Executive currently serves as the President and Chief Executive Officer of the Company.
B.Executive acknowledges and agrees that the following legitimate business interests justify this Agreement:
		·
	Executive possesses confidential, proprietary and valuable trade secrets;

		·
	Executive possesses valuable and confidential business information;

		·
	Executive has substantial customer and vendor goodwill associated with an ongoing business and trade name; and

		·
	Executive has substantial relationships with specific prospective and existing customers.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Certain Definitions.  Certain words or phrases used herein with initial capital letters shall have the meanings set forth in paragraph 8 hereof.
2.Employment.  The Company shall employ Executive, and Executive accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the Effective Date and ending as provided in paragraph 5 hereof (the “Employment Period”).
3.Position and Duties.
(a)During the Employment Period, Executive shall serve as the President and Chief Executive Officer of the Company and shall have the duties, responsibilities and authority provided for in the Operating Agreement, subject to the power of the manager of the Company (the “Manager”) to expand or limit such duties, responsibilities and
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authority, either generally or in specific instances.  During the Employment Period, Executive shall report to the Manager or its designee.
(b)During the Employment Period, Executive shall devote Executive’s reasonable best efforts and Executive’s full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company, its subsidiaries and affiliates.  Executive shall perform Executive’s duties and responsibilities to the best of Executive’s abilities in a diligent, trustworthy, businesslike and efficient manner.  Executive shall perform Executive’s duties and responsibilities principally at the Company’s headquarters located in the Bethesda, Maryland area; provided, however, that Executive acknowledges that he may be required to engage in travel in reasonable amounts in connection with the performance of his duties hereunder.  During his employment with the Company, Executive may participate in charitable activities and personal investment activities to a reasonable extent, and he may serve as a director of business and civic organizations as approved by the Manager, so long as such activities and directorships do not interfere with the performance of his duties and responsibilities hereunder.
4.Compensation and Benefits.
(a)Salary.  The Company agrees to pay Executive a salary during the Employment Period in installments based on the Company’s regular payroll practices as may be in effect from time to time.  Executive’s initial salary shall be at the rate of $358,000.00 per year (the “Base Salary”).  The Manager shall review Executive’s Base Salary annually.
(b)Bonuses.  In addition to the rights and benefits under the Brivo, Inc. 2015 Equity Incentive Plan (the “Equity Incentive Plan”) and all awards granted to Executive thereunder, which are controlled solely by those plan terms and documents, Executive may be eligible for certain bonuses, whether in the form of cash or equity incentive awards, determined in accordance with the terms and conditions therefor established from time to time by the Manager.
(c)Standard Benefits Package.  Executive shall be entitled during the Employment Period to participate, on the same basis as other employees of the Company, in the Company’s Standard Benefits Package.  The Company’s “Standard Benefits Package” means those benefits (including insurance and other benefits, but excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company) for which substantially all of the employees of the Company are from time to time generally eligible, as determined from time to time by the Manager.
(d)Reimbursement of Expenses.  During the Employment Period, the Company shall reimburse Executive for all reasonable out-of-pocket business expenses incurred by Executive in the course of performing Executive’s duties and responsibilities under this Agreement which are consistent with the Company’s policies, in effect from time to time, with respect to travel, entertainment and other business expenses, subject to
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the Company’s regular requirements with respect to reporting and documentation of such expenses.
(e)Vacation.  During the Employment Period, Executive will be entitled to paid time off to be taken in accordance with the Company’s vacation and leave policies in effect from time to time.
5.Employment Period.  The Employment Period under this Agreement shall commence on the Effective Date and continue until terminated upon the first to occur of any of the following events:
(a)Executive’s death;
(b)the Company’s termination of Executive’s employment due to Permanent Disability, as defined in paragraph 8(c);
(c)a Termination by the Company for Cause, as defined in paragraph 8(f);
(d)a Termination by the Company without Cause, as defined in paragraph 8(g);
(e)a Termination by Executive for Good Reason, as defined in paragraph 8(h); or
(f)a Voluntary Termination by Executive, as defined in paragraph 8(i).
6.Post-Employment Payments.
(a)Upon the termination of the Employment Period pursuant to paragraph 5, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued but is unpaid, any bonus earned but unpaid on the date of termination of Executive’s employment (which bonus shall be paid in accordance with the terms and conditions therefor established by the Manager), and any reimbursable expenses which have been incurred but are unpaid, each of which shall be paid on the next scheduled payroll date following the termination of the Employment Period, (ii) any plan benefits due or by which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company), (iii) all rights under and with respect to the Equity Incentive Plan and all awards granted to Executive thereunder and (iv) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended (also known as COBRA).  In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(b), in the circumstances described in such subparagraphs.
(b)If the Employment Period terminates pursuant to paragraph 5(d) on account of a Termination by the Company without Cause, or pursuant to paragraph 5(e) on account of a Termination by Executive for Good Reason, the Company shall continue to pay
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Executive his Base Salary at the time of such termination for a period of one year following such termination, in accordance with the Company’s normal payroll practices.
(c)The Company shall not be obligated to make any payment under subparagraph 6(b) hereof unless (i) prior to the 60th day following the termination of the Employment Period Executive executes a release of all claims, known or unknown, arising on or before the date of the release against the Company and its subsidiaries and affiliates and their respective members, shareholders, directors, officers, managers, employees and agents, relating to Executive’s employment by or separation from employment with the Company, in a form approved by the Manager and consistent with the terms of this Agreement, and (ii) any applicable revocation period has expired without Executive revoking such release.  Notwithstanding the foregoing, Executive shall not be required to release any claims arising after the date of the termination of employment.
(d)It is expressly understood that the Company’s payment obligations under subparagraph 6(b) shall cease in the event that Executive has breached any of the agreements in paragraph 7 hereof, to the extent that any such breach is not cured during any applicable notice and cure period, as provided in paragraph 8(f).
7.Competitive Activity; Non-solicitation; Confidentiality.
(a)Non-solicitation and Non-acceptance.  During the Restricted Period, Executive will not, for himself, as an agent or employee, or on behalf of any person, association, partnership or corporation, either directly or indirectly, knowingly solicit or attempt to obtain business from, accept business from, or do business with or service or indirectly aid or assist anyone else in the solicitation or acceptance of business from, any Restricted Customers for the purpose of providing cloud-based access control, security monitoring, or video services (collectively, the “Services”), other than on behalf of the Company and its subsidiaries and affiliates.  This provision applies both to the Restricted Customers and the residence or place of business occupied by such Restricted Customers.  In the event Executive is contacted by such Restricted Customers, Executive will inform such Restricted Customers that Executive cannot provide the Services to such Restricted Customers other than on behalf of the Company and its subsidiaries and affiliates.  Executive agrees to do so in a polite manner and to refer such Restricted Customers back to the Company.
(b)Non-competition.  During the Restricted Period, the Executive will not, either directly or indirectly, take any action in competition with the Services provided by the Company within the Restricted Territory.  Without limiting the generality of the foregoing, Executive will not, either directly or indirectly, within the proscribed geographic area (other than on behalf of the Company and its subsidiaries and affiliates):
(i)Engage or participate, anywhere in the Restricted Territory, in a business in competition with the Company’s Services, products or technology, whether existing at the date of this Agreement, or created during the course of the Executive’s employment; or
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(ii)Solicit Restricted Customers for the purpose of offering or selling products or services that compete with the Company’s Services, products or technology, whether existing at the date of this Agreement, or created during the course of the Executive’s employment.
(c)Nondisclosure.  Executive acknowledges that he possesses certain confidential, proprietary and trade secret information, materials and business concepts with respect to the Services, which may include information regarding marketing, sales volume, sales methods, sales proposals, products, services, vendors, customer lists and files, and other confidential customer information (including current, prospective and former customers), accounting data and methods, operating procedures, pricing policies, strategic plans, intellectual property (including software code, copyrights, and patented and unpatented inventions), customer contracts and other agreements, manufacturer’s warranties, information about the Company’s employees, or other confidential or proprietary information belonging to or related to the Company’s affairs (collectively, the “Proprietary Information”).  During the Employment Period and for a period of two (2) years thereafter the Executive agrees: (i) not to publish, copy, disclose, allow to be disclosed, or use for Executive’s own benefit or for the benefit of any other person, firm, corporation or entity (other than the Company and its subsidiaries and affiliates), the Proprietary Information without the prior written consent of the Company, which can be withheld in the Company’s sole discretion; and (ii) to maintain strictly the confidentiality of the Proprietary Information at all times.  Executive agrees to take all necessary precautions to protect the Proprietary Information from unauthorized disclosure or use.  Upon the request of the Company, Executive agrees to execute and deliver to the Company an affidavit as to the complete and proper return of all Proprietary Information.
(d)Independent Contractors and Employees.  During the Restricted Period, the Executive will not, directly or indirectly, individually or through any other entity or otherwise, without the prior written consent of the Company, which can be withheld in the Company’s sole discretion, hire, employ or otherwise retain (other than on behalf of the Company or its subsidiaries or affiliates) the services of any person who was an independent contractor or employee of the Company within the twelve (12) month period preceding the termination of the Employment Period or knowingly take any action detrimental to the relationship between any such person and the Company.
Executive authorizes and consents to the disclosure of this Agreement to third parties for the purpose of protecting the Company’s rights hereunder, including pursuant to subparagraphs 7(a) though 7(d).
(e)Acknowledgment.  Executive acknowledges and recognizes that: (i) this Agreement is necessary for the protection of the legitimate business interests of the Company; (ii) the execution and delivery of this Agreement is a mandatory condition precedent to the continued employment of Executive by the Company; (iii) the scope of this Agreement regarding duration and the level of activities restricted is reasonable; (iv) Executive has no intention of violating this Agreement; and (v) the breach of this Agreement will be such that the Company may not have an adequate remedy at law because
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of the unique nature of the Security Business and the Proprietary Information, and the confusion to customers and the public that a breach would create.
(f)Representations.  Executive represents and warrants that: (i) he has the authority to enter into this Agreement, and that in doing so, he will not violate any agreement, order or law; and (ii) there are no third-party consents required for him to enter into this Agreement which have not been obtained and delivered to the Company.
(g)Inventions and Patents.  Executive acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential information) and all registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s actual or anticipated business, research and development or existing or future products or services and which are conceived, developed or made by Executive (whether alone or jointly with others) while employed by the Company, whether prior to or following the Effective Date (collectively, “Work Product”), belong to the Company and Executive hereby irrevocably assigns, and agrees to irrevocably assign, all right, title and interest in and to such Work Product (and all intellectual property rights embodied therein) to the Company.
(h)Remedies.  Executive acknowledges and agrees that the rights of the Company under this Agreement are of a specialized and unique character and that immediate and irreparable damage may result to the Company if Executive fails to or refuses to perform his obligations under this Agreement and, notwithstanding any election by the Company to claim damages from Executive as a result of any such failure or refusal, the Company may, in addition to any other remedies and damages available, seek an injunction in a court of competent jurisdiction, to restrain any such failure or refusal.  Executive further acknowledges that the obligations set forth in subparagraphs 7(a) through 7(d) of this Agreement will be extended by the length of time during which Executive is judicially determined to be in breach of any of these obligations.  These remedies are cumulative with all other remedies provided by law or contract, and will not preclude the Company from later obtaining a judgment for money damages or specific acts against Executive or otherwise affect any other remedies that the Company may have.  The exercise of any right or remedy will be without prejudice to the right to exercise any other right or remedy provided in this Agreement, by law or in equity.
8.Definitions.
(a)“Operating Agreement” means that certain Limited Liability Company Agreement of the Company dated as of December 1, 2016, as amended from time to time.
(b)“Permanent Disability” means that Executive, because of accident, disability, or physical or mental illness, is incapable of performing Executive’s essential job functions with or without a reasonable accommodation for (i) a continuous period of 90 days and remains so incapable at the end of such 90-day period or (ii) periods amounting in the aggregate to 180 days within any one period of 365 days and remains so incapable
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at the end of such aggregate period of 180 days, and Executive also qualifies for and commences receipt of benefits under the Company’s long term disability plan.
(c)“Restricted Customer” means a customer or account of the Company at any time within the 18-month period prior to the date of termination of the Employment Period.
(d)“Restricted Period” means the Employment Period and a period of one year thereafter.
(e)“Restricted Territory” means any of the States of the United States of America.
(f)“Termination by the Company for Cause” means the termination by the Company or any of its subsidiaries or affiliates of Executive’s employment with the Company or any of its subsidiaries or affiliates as a result of any one or more of the following: (i) Executive’s indictment for or conviction of, or plea of guilty or nolo contendere to, a felony or fraud; (ii) an act or acts of personal dishonesty taken by Executive that result in personal enrichment of Executive at the expense of the Company; (iii) the failure by Executive to comply with the lawful directions of the Manager or its designee which is not remedied or cured within ten (10) business days after Executive’s receipt of written notice of such failure from the Company; (iv) the engagement by Executive in illegal conduct that is materially injurious to the Company; or (v) a material breach by Executive of this Agreement which is not cured within thirty (30) days after Executive’s receipt of written notice of such material breach; provided, however, that a 5-business day cure period shall apply following written notice of any breach by Executive of paragraph 7 of this Agreement.  The Company’s termination of Executive’s employment shall not constitute a Termination by the Company for Cause unless (1) the Company has notified Executive in writing describing the occurrence of one or more events described in subparagraphs 8(f)(i)-(v) above within thirty (30) days of such occurrence, (2) if curable, Executive fails to cure such event(s) within thirty (30) days after receipt of such written notice (or within such shorter cure period as provided in subparagraph 8(f)(iii) and within 5 business days in the case of a breach of paragraph 7) and (3) the termination of employment occurs within seventy-five (75) days after the occurrence of the applicable event(s).  If the Company terminates Executive’s employment for any reason other than those specifically listed in subparagraphs 8(f)(i)-(v) or due to Executive’s death or Permanent Disability, such termination shall be considered a Termination by the Company without Cause.
(g)“Termination by the Company without Cause” means the termination by the Company or any of its subsidiaries or affiliates of Executive’s employment with the Company or any of its subsidiaries or affiliates for any reason other than a termination for Permanent Disability or a Termination for Cause.
(h)“Termination by Executive for Good Reason” means (i) a material diminution or dilution in Executive’s authority, duties, responsibilities or role, other than as a reasonable accommodation of a disability or as consented to in writing by Executive;
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(ii) a material breach by the Company of this Agreement which is not cured within thirty (30) days after the Company’s receipt of written notice of such material breach; (iii) any reduction in Executive’s then-current Base Salary; or (iv) the occurrence of a Change of Control.  “Change of Control” shall mean (a) any sale or transfer of all or substantially all of the equity or membership interests of the Company (or a transaction having similar effect) in one transaction or a series of related transactions, (b) any sale of all or substantially all of the assets of the Company in one transaction or series of related transactions, or (c) a merger, consolidation or other transaction or series of related transactions that has a similar economic effect on any one of the foregoing.  Executive’s termination of employment shall not constitute a Termination by Executive for Good Reason unless (1) Executive has notified the Company in writing describing the occurrence of one or more events described in subparagraphs 8(h)(i)-(iv) above within thirty (30) days of such occurrence, (2) the Company fails to cure such event(s) within thirty (30) days after receipt of such written notice and (3) the termination of employment occurs within seventy-five (75) days after the occurrence of the applicable event(s).  If Executive resigns or terminates his employment for any reason other than those specifically listed in subparagraphs 8(h)(i)-(iv), such termination/resignation shall be considered a Voluntary Termination by Executive.
(i)“Voluntary Termination by Executive” means Executive’s termination of Executive’s employment with the Company or any of its subsidiaries or affiliates for any reason other than a termination for Good Reason.
9.Survival.  Subject to any limits on applicability contained therein, the provisions of paragraph 7 through 23 hereof shall survive and continue in full force in accordance with its terms notwithstanding any termination of the Employment Period.
10.Taxes.  The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling.  This Agreement is intended to comply with, or (to the maximum extent permitted) to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended and Treasury Regulations and other guidance thereunder (“Code Section 409A”) and shall be interpreted and administered accordingly.  Each payment under this Agreement shall be considered a separate payment and not one of a series of payments for purposes of Code Section 409A.  Notwithstanding any other provision of this Agreement, the Company shall not be obligated to guarantee any particular tax result for Executive with respect to any payment provided to Executive hereunder, and Executive shall be responsible for any taxes imposed on Executive with respect to any such payment.
11.Notices.  Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by reputable overnight carrier or mailed by first class mail, return receipt requested, to the recipient at the address below indicated:
Notices to Executive:
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Steve Van Till 
[***] 
[***]
With a copy to:
Law Offices of Kathleen Cahill, LLC 
15 East Chesapeake Avenue 
Towson, Maryland 21286 
Attn: Kathleen Cahill
Notices to the Company:
Brivo Systems LLC 
c/o Brivo, Inc.
7700 Old Georgetown Rd, Suite 300 
Bethesda, MD 20814 
Attn: Dean Drako
With a copy to:
Williams Mullen 
301 Fayetteville Street 
Suite 1700 
Raleigh, NC 27601 
(PO Box 1000, Raleigh, NC 27602)
Attn: Aaron G. Spencer, Esq.
or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party.  Any notice under this Agreement will be deemed to have been given when so delivered.
12.Severability.  If any provisions of this Agreement as applied to any part or to any circumstances are adjudged by a court to be invalid or unenforceable, the same will in no way affect any other provision of this Agreement, the application of such provision in any other circumstances, or the validity or enforceability of this Agreement.  The Company the Executive intend this Agreement to be enforced as written.  If any provision or any part of it is held to be invalid or unenforceable because of its scope or duration, the parties agree that the court making such determination will have the power to delete specific words or phrases and in its modified form such provision will then be enforceable.  The foregoing clause is not intended to be an admission or evidence that the scope or duration of this Agreement is unreasonable.
13.Complete Agreement.  This Agreement is an integrated document, contains the entire agreement between the parties, and wholly cancels, terminates and supersedes any and all previous and/or contemporaneous oral agreements, negotiations, commitments and writings between the parties with respect to this subject matter.  No change, modification, extension, termination, discharge, abandonment or waiver of this Agreement or any of its provisions, nor any representation, promise or condition relating to this Agreement, will be binding upon the parties
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unless made in writing and signed by the parties.  The parties further agree that the prior drafts of this Agreement will not be used to interpret this Agreement and will not be admissible into evidence at any time.
14.Counterparts.  This Agreement may be executed in separate counterparts, each of which shall be deemed to be an original and both of which taken together shall constitute one and the same agreement.
15.Incorporation by Reference.  Any and all recitals, statements (including the Statement of Facts), reports, certificates or other documents or instruments referred to or attached to this Agreement are incorporated by reference into this Agreement.
16.Successors and Assigns.  This Agreement shall bind and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, executors, personal representatives, successors and assigns, except as otherwise provided herein.  Executive may not assign any rights or delegate any obligations hereunder without the prior written consent of the Company.  Executive hereby consents to the assignment by the Company of all of its rights and obligations hereunder to any successor to the Company by merger, consolidation, purchase of all or substantially all of the Company’s assets, or otherwise, provided such transferee or successor assumes the liabilities of the Company hereunder.
17.Third-Party Beneficiaries.  Nothing herein, expressed or implied, shall create or establish any third-party beneficiary hereto nor confer upon any person not a party to this Agreement, any rights or remedies, including without limitation, any right to employment or continued employment for any specified period, of any nature or kind whatsoever, under or by reason of this Agreement.
18.Choice of Law; Waiver of Jury Trial.  This Agreement shall be governed by, and construed in accordance with, the internal, substantive laws of the State of Maryland except for that state’s conflict of laws’ provisions.  EACH PARTY HEREBY (i) EXPRESSLY, KNOWINGLY AND VOLUNTARILY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT, AND (ii) AGREES AND CONSENTS THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES TO THE WAIVER OF THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY AS PROVIDED HEREIN.
19.Executive’s Cooperation.  During the Employment Period, Executive shall reasonably cooperate with the Company and its subsidiaries and affiliates in any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and commitments).  If the Company requires
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Executive’s cooperation in accordance with this paragraph, the Company shall reimburse Executive solely for reasonable out-of-pocket travel expenses (including reasonable lodging and meals, upon submission of receipts).
20.Amendment and Waiver.  The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.
21.Executive’s Acknowledgment.  Executive acknowledges and agrees that he has received adequate consideration to support the covenants set forth in paragraph 7 above.
22.Consultation.  Executive acknowledges that he has carefully read and fully understood all of the provisions of this Agreement and had an opportunity to consult with his attorneys prior to executing this Agreement.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date first written above.
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	BRIVO SYSTEMS LLC

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	By:
	/s/ Dean Drako

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	Name: Dean Drako  Title: Chairman

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	EXECUTIVE:

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	/s/ Steve Van Till

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	Steve Van Till

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Exhibit 10.16
Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential. Information that was omitted has been noted in this document with a placeholder identified by the mark “[***]”.
March 10, 2009
Mr. John Szczygiel
[***]
[***]
Subject: Employment Offer
Dear John,
Brivo Systems, LLC (the “Company” or “Brivo”) is pleased to offer you employment according to the conditions outlined herein and as described in the enclosed “Employment Conditions” and “Employee Confidential Information, Inventions, and Non-Competition Agreement”.  A description of the responsibilities and goals of this position are also enclosed and are subject to change as the Company may require.  This offer is as follows:
		1.
	Effective Date of Employment:  Your new employment conditions would begin at the date described in the “Employment Conditions” below.  Your salary will be paid by bank transfer twice per month, on the 15th and 30th of every month, representing the work periods of the 1st to the 15th and of the 16th to the last day of the month, respectively.

		2.
	At-Will Employment:  Your employment is “at-will.”  You may terminate your employment with the Company at any time and for any reason whatsoever simply by notifying me.  Likewise, the Company may terminate your employment at any time and for any reason whatsoever, with or without cause or advance notice.  This at-will employment relationship cannot be changed except in a writing signed by me.

		3.
	Fringe Benefits:  You will be eligible to participate in any Company benefit program as described in the “Employment Conditions” below and in the Company’s Employee Manual & Handbook (“Employee Manual”) on the same basis as other employees of the Company who are at a comparable level, including the Company’s health insurance program.  The Company may modify all benefits described herein from time to time.

		4.
	Code of Conduct:  As an employee of Brivo Systems, LLC, you will be required to abide by Company rules and regulations.  Your offer of employment is conditioned upon your execution of the attached Proprietary Information, Inventions, and Non-Competition Agreement.  Depending upon the needs of the Company, you may be asked to work hours that differ from the Company standard.  As an exempt salaried employee, you may be expected to work additional hours as required by the nature of your work assignments.

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In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality.  Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company.
You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality.
		5.
	Entire Agreement/Governing Law:  This Agreement and the attached Proprietary Information, Inventions, Non-Competition Agreement, and Relocation Agreement are the entire agreement between you and Brivo Systems, LLC and supersede and govern over any other agreements or promises made to you by anyone, whether oral or written.  This Agreement can be modified only by a written agreement signed by an authorized representative of Brivo Systems, LLC.  As required by law and indicated below, this offer is subject to satisfactory proof of your right to work in the United States.

		6.
	Severance:  Employee shall be paid at termination, three (3) months base salary in the event that: a) employee is terminated without cause, b) company undergoes a significant change, such that employee’s original role, responsibilities, and incentive compensation goals can no longer reasonably be achieved (such as a change in control or ownership resulting in such).  Severance payment will be subject to execution of a standard severance agreement, return of company property, etc.

This Agreement shall be executed, construed and performed in accordance with the laws of the State of Maryland without reference to conflict of laws principles.  The parties agree that the venue for any dispute hereunder will be the state or federal courts sitting in Montgomery County, Maryland and the parties hereby agree to the exclusive jurisdiction thereof.
This letter supersedes any previously made offer, verbal or written, for employment by the Company.  Please sign and date one copy of this letter, and return it to me by fax, by mail or in person before close of business on the expiration date of March 15, 2009 if you wish to accept employment at Brivo Systems, LLC under the terms described above.  If you accept our offer, we would like your effective date of employment to be June 1, 2009, or other mutually agreed date thereafter.
This offer and, subsequently, your employment are subject to the following conditions:
		●	The information provided to the Company to evaluate your application was complete and true;

		●	You are allowed to work in United States of America;

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		●	You must supply your services to the Company in a conscientious manner, with all of your abilities, and always in the Company’s best interests, in accordance with its procedures, policies or habits and these services will be made available to the Company on an exclusive basis during your employment;

		●	You will sign and maintain a Non-Disclosure Agreement and a Non-Competition Agreement;

If you agree to these conditions, please sign a copy of this letter and a copy of the “Employment Conditions” form and return to the undersigned.
We are delighted to retain you as part of our team and we believe that your skills will enable you to contribute to Brivo’s success and future development.
Sincerely,
	  /s/ Steve Van Till
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	Steve Van Till
President and CEO
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I accept this Employment Offer, as per the “Employment Conditions” and “Employee Confidential Information, Inventions, and Non-Competition Agreement”, and I have received a copy of these documents.
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	Name: 
	John Szczygiel
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	Signature: 
	/s/ John Szczygiel
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	Date: 
	3/15/09

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EMPLOYMENT OFFER
EMPLOYMENT CONDITIONS
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Employee Name: John Szczygiel
Position/Title: Executive Vice President, Business Development.
	Start Date:
	June 1, 2009

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	Annual Salary:
	$190,000 per annum

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	Signing Bonus:
	$10,000 (awarded at 90 days of employment)

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	Incentive Bonus:
	2009: up to $100,000 (pro rata for current year) 2010: up to $150,000 (based on 2010 sales objectives)

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	Equity Compensation:
	Participation at 15,000 Stock Units in Brivo equity plan. Additional 5,000 units contingent on performance plan.

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	Work Hours:
	At least 40 hours per week, within 7 AM and 6 PM. However, all employees must be present during the core hours of 10 AM to 4 PM. Lunch times are not paid.

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	Location:
	At Brivo Systems, LLC headquarters, located at 4330 East-West Highway, Suite 250, Bethesda, MD 20814

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Benefits and Other Conditions:
	●	Group Health Insurance;

	●	Reimbursement of your vehicle expenses when requested by the Company at the rate allowed by the U.S. Department of Treasury IRS Regulations;

	●	Annual paid vacation at the rate of fifteen (15) days per year

	●	10 paid Statutory Holidays per calendar year;

	●	4 personal days per year;

	●	5 days of sick pay per calendar year.

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	Approved by:
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	Date:
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	Read and accepted:
	/s/ John Szczygiel
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	Date:
	3/15/09

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	Employee signature
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EMPLOYEE CONFIDENTIAL INFORMATION, INVENTIONS, AND NON-COMPETITION AGREEMENT
In consideration of my employment, and access to confidential information, the undersigned employee of Brivo Systems, LLC. (hereafter “the Company”) hereby agrees and covenants as follows:
PART 1 - CONFIDENTIALITY AND NON-DISCLOSURE
As an employee of the Company, I will be exposed to highly sensitive and confidential information (some of which I may develop or contribute to) not generally, if at all, known or available to persons or entities not in some way affiliated with the Company (hereafter “proprietary information”).  Among such matters, I may be involved with or become aware of: research and development projects; the identity of consultants and assistants; future advertising and marketing methods, campaigns and strategies; sales and pricing information and formulas; budgets; product performance; sources of products; production and distribution methods or procedures; product availability; customer product preferences and requirements; customer purchases, orders, leads and quotations; and, additional information relating to financial, marketing, technical, developmental and/or other business aspects, of the Company and/or its affiliates.  I agree and understand that any and all of the foregoing is considered by the Company to be of a highly confidential nature and as a trade secret.  In furtherance of the foregoing, I agree as follows:
1.To refrain from reproducing or making any summary, extract or abridgement of, other than in the regular course of business, or removing, any business record, document, schematic, drawing instrument, component or any other item dealing with the proprietary information without prior written consent therefor.  Notwithstanding the foregoing, where I am required to take confidential information into the field to perform my duties, or where I have permission from my supervisor to take work home at night, I shall take all reasonable steps to protect the confidentiality of such information.
2.To refrain from discussing with any other person or persons, whether or not such persons are in the employ of the Company, any aspect of the proprietary information, except as such discussions directly relate to completion of the particular task at hand and/or in compliance with instructions to do.so.
3.To accept and maintain the proprietary information on a confidential basis and to protect and effectively safeguard same against unauthorized publication or disclosure.  I will not be justified in disregarding the obligation of confidentiality by selecting individual pieces of public information and fitting them together by use of integrated disclosure to contend that such proprietary information is in the public domain.
4.Other than in furtherance of the Company’s business, not to use, directly or indirectly, for my own or for my future employer’s advantage, any proprietary information learned during my employment with the Company and which is not made publicly known (through no fault of mine).
5.Not to disclose, publicize, reveal or make available, directly or indirectly, any of the proprietary information to any firm, person, or entity whatsoever, except for a disclosure which is
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required, if at all, by statute, order of court or otherwise by law, and then only after first advising the Company of such demand with reasonably sufficient advance notice so as to afford the Company an opportunity to seek a protective order.
6.Upon termination of my employment, to turn over to a designated individual employed by the Company all property then in my possession or control belonging to the Company.  I will not retain any original, copy, summary, extract or abridgement of any document which contains proprietary information, whether in written, graphic, tangible, electronic or magnetic format, including correspondence, memoranda, reports, notebooks, drawings, photos, information stored in computer memory or on disk or other documents relating in any way to the affairs of the Company or to the affairs of its affiliated companies, howsoever coming into my possession or control or developed by me at any time during my employment with the Company, all of which will be delivered to the Company immediately upon termination of my employment.
7.Not to interfere with the relationship between and/or among the Company and its consultants, agents, employees, sales representatives or others providing services or products to or for the Company, nor to disclose the identity of said individuals and/or entities so long as not otherwise generally known in the trade.
I represent and warrant that I do not have any confidential information of any third party, the disclosure of which will be unlawful or in violation of any agreement I may have with any third party, not obtained in the course of my employment with the Company; or, alternatively, that I have disclosed to the Company, in writing, the existence (but not the confidential information itself) of such information and agreements.
I represent and warrant that by virtue of the terms of my employment with the Company, I am not currently, and will not be, in breach of any agreement (including any agreement with any prior employer) that I may be party to.
I undertake to comply with all physical security procedures of the Company and to take all computer system security measures as requested by the Company, and to maintain the Company’s proprietary notices on any material that emanates from me during the course of my employment.
I acknowledge and agree that the propriety information, and the strict confidentiality thereof, materially affects the successful conduct of the Company’s current and future business and its goodwill; therefore, any breach of the terms of this Agreement by me is a material breach thereof, and may result in immediate termination of my employment, the imposition of injunctive relief and liability for damages sustained by the Company.
The covenants and agreements undertaken herein shall survive termination of my employment, and shall be binding upon me.
PART 2 - EMPLOYEE IMPROVEMENTS
I further agree that I will promptly, fully inform and disclose to the Company all inventions, copyrights, processes, designs, improvements and discoveries (the foregoing shall include, but not be limited to, patentable teachings, patents, trademarks, tradenames, service marks, service names, copyrights, copyrightable matters, applications for the foregoing, trade-secrets and know-how)
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which I now have or may hereafter have, which result from any work performed by me for the Company.  All such inventions, copyrights, designs, improvements and discoveries shall be the exclusive property of the Company.  I hereby assign and agree to assign to the Company any and all right, title and interest in and to such inventions, copyrights, designs, improvements and discoveries and, upon request of the Company, I shall assist the Company to obtain patents from all such inventions, designs, improvements and discoveries deemed patentable by the Company and shall execute all documents and do all things necessary to obtain letters patents (Canada, U.S. and/or foreign countries), vest the Company with full and exclusive title thereto, and protect the same against infringement by others, including the making of all necessary truthful oaths and declarations, and any and all lawful documents deemed advisable for the preparation, filing prosecution, issuance, procurement and maintenance of patent applications and patents and for the transfer of interests including rights of priority.  I hereby waive all moral rights I may acquire in all inventions, copyrights, processes, designs, improvements and discoveries.
The agreements in this Part 2 undertaken hereby shall survive termination of my employment.
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Position Outline and Performance Plan for 2009
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	Role/Responsibility
	Associated Performance Measure
	Amount

	Business Development:  Lead Brivo’s North American sales team, inclusive of Regional Sales, Inside Sales, and National Accounts.
	Qualitative:  By year-end, perform SWOT analysis of Brivo’s current North American sales strategies and market approach, with the goal of producing concrete recommendations for improving overall sales effectiveness and efficiency for the 2010 calendar year.
	$10,000

	Business Planning:  Lead a cross-DII effort to determine how best the entire company can use its resources to approach the opportunities presented by the parking and “reserved asset” market.
	Qualitative:  By year-end, as an extension to current consulting work, complete a business plan for the Parking Exchange, and, after socializing with relevant DII companies, revise the plan to reflect the best overall strategy to maximize DII strengths and opportunities in this potential new market.
	$10,000

	Business Planning:  Primarily within the current structure of Brivo, determine how best to approach the Remote Manage Delivery market.
	Qualitative:  By year-end, as an extension to current consulting work, complete a market assessment and sales/marketing plan for approaching opportunities within this vertical market; work with existing Brivo contacts and interested parties to inform the plan with real-world prospects.
	$10,000

	Sales:  Work with all the existing resources within Brivo to drive an additional $500,000 in revenue in the current year.
	Quantitative:  By year-end, identify, develop, and help close either channel-related (e.g., integrators) or direct end-user sales opportunities that result in stated amount of revenue.
	$30,000
5,000 additional shares in LTIP program

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