Document:

Intellectual Property Security Agreement

 EXHIBIT 10.56 
  
 INTELLECTUAL PROPERTY SECURITY AGREEMENT 
  
 This Intellectual Property Security Agreement is entered into as of June 16, 2003 by and between SILICON VALLEY BANK
(“Bank”) and OCCAM NETWORKS, INC. (“Grantor”). 
  
 RECITALS 
  
 A. Bank has agreed to make certain
advances of money and to extend certain financial accommodation to Grantor (the “Loans”) in the amounts and manner set forth in that certain Loan and Security Agreement by and between Bank and Grantor dated of even date herewith (as the
same may be amended, modified or supplemented from time to time, the “Loan Agreement”; capitalized terms used herein are used as defined in the Loan Agreement). Bank is willing to make the Loans to Grantor, but only upon the condition,
among others, that Grantor shall grant to Bank a security interest in certain Copyrights, Trademarks, Patents, and Mask Works to secure the obligations of Grantor under the Loan Agreement. 
  
 B. Pursuant to the terms of the Loan Agreement, Grantor has granted to Bank a
security interest in all of Grantor’s right, title and interest, whether presently existing or hereafter acquired, in, to and under all of the Collateral. 
  

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound, as collateral security
for the prompt and complete payment when due of its obligations under the Loan Agreement, Grantor hereby represents, warrants, covenants and agrees as follows: 
  

AGREEMENT 
  
 To secure its obligations under the Loan Agreement, Grantor grants and pledges to Bank a security interest in all of Grantor’s right, title and
interest in, to and under its Intellectual Property Collateral (including without limitation those Copyrights, Patents, Trademarks and Mask Works listed on Schedules A, B, C, and D hereto), and including without limitation all proceeds thereof (such
as, by way of example but not by way of limitation, license royalties and proceeds of infringement suits), the right to sue for past, present and future infringements, all rights corresponding thereto throughout the world and all re-issues,
divisions continuations, renewals, extensions and continuations-in-part thereof. 
  
 This security interest is granted in conjunction with the security interest granted to Bank under the Loan Agreement. The rights and remedies of Bank with respect to the security interest granted hereby are in
addition to those set forth in the Loan Agreement and the other Loan Documents, and those which are now or hereafter available to Bank as a matter of law or equity. Each right, power and remedy of Bank provided for herein or in the Loan Agreement or
any of the Loan Documents, or now or hereafter existing at law or in equity shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein and the exercise by Bank of any one or more of the rights,
powers or remedies provided for in this Intellectual Property Security Agreement, the Loan Agreement or any of the other Loan Documents, or now or hereafter existing at law or in equity, shall not preclude the simultaneous or later exercise by any
person, including Bank, of any or all other rights, powers or remedies. 
  
 IN WITNESS WHEREOF, the parties have cause this Intellectual Property Security Agreement to be duly executed by its officers thereunto duly authorized as of the first date written above. 

	 Address of Grantor:
	 	 	 	 GRANTOR:

			
	 	 	 	 	 OCCAM NETWORKS, INC.

				
	 77 Robin Hill Road
 Santa Barbara, California 93117
	 	 	 	 By:
	 	 /s/ Lee Hilbert

	 	 	 	 	 Title:
	 	 Vice President, Finance

	 Attn:
	 	 	 	 	 	 
			
	 	 	 	 	 BANK:

			
	 Address of Bank:
	 	 	 	 SILICON VALLEY BANK

				
	 3003 Tasman Drive
 Santa Clara, CA 95054
	 	 	 	 By:
	 	 /s/Paul Gibson

	 	 	 	 	 Title:
	 	 Vice President

 EXHIBIT A 
  
 Copyrights 
  

	 Description

	  	 Registration/
 Application
 Number

	  	 Registration/
 Application
 Date

 EXHIBIT B 
  

Patents 
  

	 Description

	  	 Registration/
 Application
 Number

	  	 Registration/
 Application
 Date

 EXHIBIT C 
  

Trademarks 
  

	 Description

	  	 Registration/
 Application
 Number

	  	 Registration/
 Application
 Date

 EXHIBIT D 
  

Mask Works 
  

	 Description

	  	 Registration/
 Application
 Number

	  	 Registration/
 Application
 DateEmployment Agreement by and among the Company, Edgewater & Shirley Singleton

 Exhibit 10.57 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of June 12, 2003, by and among Edgewater Technology, Inc., a
Delaware corporation (the “Company”), Edgewater Technology (Delaware), Inc., a Delaware corporation and wholly – owned subsidiary of the Company (“Edgewater Delaware”) and Shirley Singleton (“Employee”).

  
 RECITALS 
  
 WHEREAS, in the course of building the business of the Company and
Edgewater Delaware, and in her capacity as an executive officer thereof, Employee will be engaged in a confidential relationship and will gain knowledge of the business, affairs, customers and methods of the Company, Edgewater Delaware and each of
their direct and indirect Subsidiaries (as defined below) during her employment with Edgewater Delaware and during her executive officer relationship and employment with the Company; 
  
 WHEREAS, in this capacity Employee will have access to lists of the Company’s, Edgewater Delaware’s and
their respective Subsidiaries’ customers and their needs, and will become personally known to and acquainted with the Company’s, Edgewater Delaware’s and their Subsidiaries’ customers, thereby establishing a personal relationship
with such customers for the benefit of the Company, Edgewater Delaware and applicable Subsidiary; and 
  
 WHEREAS, the corporate parties being duly authorized hereto by their respective Board of Directors and the individual having the requisite capacity
and authority, desire to enter into this Agreement to reflect the foregoing, and for other purposes as hereinafter set forth. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereto agree as
follows: 
  
 1.    TERM OF AGREEMENT.
The term of this Agreement shall commence on the date hereof and shall continue until June 12, 2007, unless terminated sooner in accordance with Sections 5 or 6 hereof (the “Term”). During the Term, the calendar year shall be referred to
herein as a “Compensation Year,” which in addition to the full calendar years covered in the Term, for purposes of any incentive compensation plans of the type referenced in Section 3.3, shall include the period of January 1, 2003 through
the date of this Agreement and the balance of the 2003 year following the date of this Agreement and for the 2007 year, shall include the balance of the 2007 year following the expiration of the Term through December 31, 2007, it being acknowledged
and understood that Employee shall be entitled to receive the full benefit available under any incentive compensation plan applicable for the 2007 calendar year regardless of the expiration of the Term or the cessation of Employee’s employment
as a result of such expiration, subject in all such circumstances to the terms, provisions and conditions of any such incentive compensation plan. 
  
 2.    DUTIES AND PERFORMANCE. 
  

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 (a)    During the Term, Employee shall be employed by, if any, Edgewater Delaware on
a full-time basis as President and Chief Executive Officer of Edgewater Delaware, as well as being employed on a full-time basis as the President and Chief Executive Officer of the Company and shall have such authority and shall perform such duties
consistent with her position as may be reasonably assigned to her by, and shall report to the Board of Directors of the Company (the “Board”). Employee shall use all reasonable efforts to further the interests of Edgewater Delaware, the
Company and its Subsidiaries and shall devote substantially all of her business time and attentions to her duties hereunder; provided, however, that Employee shall not be prohibited from making investments of a passive nature (other
than investment in more than five percent (5%) of the outstanding shares of companies engaged in competition with Edgewater Delaware) and devoting time to non-business related ventures, such as real estate investments, so long as such activities do
not prevent or materially interfere with Employee’s performance of her obligations hereunder. At all times during the Term: (i) Employee’s office and the base from which she primarily performs her duties hereunder shall be located at the
Company’s offices which shall not be located more than twenty (20) miles from Wakefield, Massachusetts, unless otherwise agreed to by Employee; and/or (ii) Employee shall not be required to travel domestically more than twenty (20) miles from
the Company’s offices in Wakefield, Massachusetts or internationally, except as agreed to by Employee. 
  
 (b)    Employee shall be entitled to be reimbursed in accordance with the policies of Edgewater Delaware and/or the Company, as
adopted and amended from time to time, for all reasonable and necessary expenses incurred by her in connection with the performance of her duties of employment hereunder; provided, however, that Employee shall, as a condition of such
reimbursement, submit verification of the nature and amount of such expenses in accordance with the reimbursement policies from time to time adopted by Edgewater Delaware and/or the Company. 
  
 3.    COMPENSATION. 
  
 3.1    Base Salary. Edgewater Delaware shall pay
to Employee a base salary at the rate of $ 275,000.00 per annum through the expiration of the Term, payable bi-weekly as per normal pay practices of Edgewater Delaware, although the Company shall be directly obligated to pay this annual base salary
amount per the aforementioned biweekly pay periods, if not paid by Edgewater Delaware. Such base salary shall be subject to increase based upon review by the Compensation Committee of the Company ( the “Committee”) from time to time.

  
 3.2    Stock Options and Restricted
Stock Awards. Prior to the date of this Agreement, Employee has been granted stock options in two separate grants under the Company’s Amended and Restated 1996 Stock Option Plan (the “1996 Plan”): (i) August 31, 2000; and (ii)
January 11, 2002 (collectively, the “1996 Plan Grants”) and one stock option grant under the Company’s Amended and Restated 2000 Stock Option Plan (the “2000 Plan”): March 21, 2002 (the “2000 Plan Grant”). While
the shares, to the extent not already vested and exercisable, underlying the 1996 Plan Grants vest and become immediately exercisable upon a Change of Control (as defined in the 1996 Plan), the shares, to the extent 
  

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 not already vested and exercisable, underlying the 2000 Plan Grant will vest and become immediately exercisable upon a
Change in Control (as defined in this Agreement). All shares underlying future grants of stock options and/or restricted stock awards, if any, to Employee under the 1996 Plan, the 2000 Plan and/or any other stock based incentive plan of the Company
existing as of the date of this Agreement or during the Term, will vest and become immediately exercisable upon a Change in Control. This Change in Control vesting provision will be reflected in each stock option agreement for each stock option
grant and/or restricted stock award, if any, granted under the 1996, the 2000 Plan and/or any other stock based incentive compensation plan of the Company as of the date of this Agreement or after the date of this Agreement during the Term. Except
as otherwise expressly set forth herein, all of the terms, provisions and conditions of the 1996 Plan Grants and the 2000 Plan Grant shall remain in full force and effect unaltered and unaffected hereby. In addition, in any stock option grant
and/or restricted stock award under the 1996 Plan, the 2000 Plan and/or any other stock based compensation plan of the Company as of or after the date of this Agreement during the Term, the definition of Cause in this Agreement shall be the
definition used in any such stock option grant and/or restricted stock award. As to: (a) any stock options granted under the 1996 Plan, the 2000 Plan and/or any other stock based incentive plan of the Company existing as of or subsequent to the date
of this Agreement, during the Term or during Employee’s employment with the Company and Edgewater Delaware, if subsequent to the Term; and/or (b) any restricted stock awards issued under any stock based incentive compensation plan existing as
of or subsequent to the date of this Agreement, during the Term or during Employee’s employment with the Company and Edgewater, if subsequent to the Term, among other terms, provisions and conditions in such grants and/or awards, in each of (a)
and (b), the shares underlying each such stock option grant, if any, and/or restricted stock award, if any, shall vest and: (i) as to stock option grants become immediately exercisable by Employee for the period specified in such grant; and (ii) as
to restricted stock awards become shares of Employee not subject to any redemption option, in the event of: (x) termination of Employee’s employment by the Company and Edgewater Delaware for any reason, other than those referenced in Section
5(a)(i) – (iii); or (y) termination by Employee for Good Reason only. The parties to this Agreement further acknowledge that the 1996 Plan Grants and the 2000 Plan Grant will be amended and restated immediately following the date of this
Agreement to reflect, among other things, the applicable terms, provisions and conditions of this Section 3.2. 
  
 3.3    Bonus. Employee shall be eligible to receive an annual cash bonus for each Compensation Year of up to 120% of
Employee’s annual base salary, subject to the terms, provisions and conditions of the incentive compensation plan for each such Compensation Year as approved and adopted by the Committee. Notwithstanding the foregoing, the Committee does have
the authority, but not the obligation under this Agreement or otherwise, to pay Employee a discretionary cash bonus for each Compensation Year. 
  
 4.    BENEFITS. 
  
 During the Term, Employee shall be entitled annually to five (5) weeks vacation and shall be entitled to any accrued, but unused vacation prior to the
date of this Agreement. During the Term, the Company shall pay for the lease, insurance and maintenance expenses 
  

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 with respect to a car leased by Employee (or a comparable car) consistent with such benefit as has been provided to
Employee by the Company and/or Edgewater Delaware immediately prior to the date hereof. Employee shall be entitled, if eligible, to participate in any insurance, stock purchase, or other benefit plan of the Company or Edgewater Delaware now existing
or hereafter adopted as offered to other employees of the Company and/or Edgewater Delaware similarly situated. Nothing herein contained shall be construed as requiring the Company and/or Edgewater Delaware to establish or continue any particular
benefit plan in discharge of its obligation under this Agreement. The Company or Edgewater Delaware, as applicable, will provide Employee with prompt reimbursement for all reasonable business expenses incurred in the performance of Employee’s
duties pursuant to this Agreement subject to Employee’s provision of receipts for such expenses, to the Company or Edgewater Delaware, as applicable. 
  
 5.    TERMINATION OF AGREEMENT AND EMPLOYMENT. 
  
 (a)    The Company and Edgewater Delaware shall be entitled to terminate this Agreement and
Employee’s employment or services with the Company, Edgewater Delaware and any of their Subsidiaries, in any of the following circumstances during the Term: 
  
 (i)    for “Cause,” which shall mean by reason of any of the following: (A)
Employee’s material breach of any provision of Section 7 of this Agreement; (B) the final written determination by the Board of Directors of the Company after 30 days notice to the Employee and the opportunity for Employee to be heard by the
Board of Directors regarding Employee’s willful failure and refusal to comply with the material and reasonable directives of the Company; (C) Employee’s willful and repeated failure to perform the duties for which Employee has been
provided with written notice of nonperformance and for which Employee has been provided with thirty (30) days to cure such nonperformance; (D) Employee’s gross negligence or willful or intentional misconduct; (E) final written determination
after thirty (30) days notice to Employee and the opportunity for Employee to be heard by the Board of Directors of the Company in respect of Employee’s breach of her fiduciary duties to the Company; or (F) the conviction of, or the entering of
a guilty plea or plea of no contest with respect to, a felony with respect to Employee, or any other criminal activity which materially affects Employee’s ability to perform her duties or materially harms the reputation of the Company;

  
 (ii)    if, during the
Term, Employee because of physical or mental illness or incapacity shall be unable for any reason to substantially perform all of her duties and responsibilities under this Agreement for a period of one hundred and eighty (180) days in the aggregate
in any twelve (12) month period (“Disability”); provided, however, that the Company shall give Employee at least ten (10) days prior written notice of its intention to terminate this Agreement, as of the date set forth in the
notice, at any time after the expiration of such one hundred and eighty (180) day period. In case of termination for Disability, Employee shall be entitled to receive salary, benefits, and reimbursable expenses owing Employee through the date of
termination; 
  

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 (iii)    the death of Employee. In case of death during the Term, the
Company’s and Edgewater Delaware’s obligations hereunder shall terminate on the date death occurs, except as to compensation and other benefits previously earned through and until such date; or 
  
 (iv)    for any reason other than the
reasons set forth in clauses (i)-(iii) above. 
  
 (b)    During the Term, but only following a Change in Control (as defined below), Employee shall be entitled to terminate this Agreement, resign or otherwise terminate Employee’s employment with the Company,
Edgewater Delaware and their Subsidiaries for any reason, other than: (x) the reasons set forth in Section 5(a) above; or (y) for Good Reason (as defined below) by Employee (the “Employee Termination”). In case of the Employee Termination,
the Company’s and Edgewater Delaware’s obligations hereunder including, without limitation, the Company’s and Edgewater Delaware’s obligations to pay Employee’s base salary or any other compensation accruing after the
effective date of such termination, any benefits (except as otherwise required by applicable law), other than those obligations which have accrued but remain unpaid as of the date of such termination (such as accrued but unpaid salary, any accrued
but unpaid bonus, expense reimbursements, health insurance premiums, retirement plan contributions, if any, vacation pay, sick pay, etc.) and any lump sum severance payment obligation under any other provisions of this Agreement shall terminate as
of the date of such termination, with all of Employee’s obligations hereunder, except with respect to Section 7 below, being terminated. Employee’s entitlement to receive any incentive compensation for the Compensation Year of such
termination or thereafter and all rights under the 1996 Plan Grants, the 2000 Plan Grant and any other option grant, restricted stock award or similar equity based incentive granted, awarded or issued subsequent to the date of this Agreement under
the aforementioned stock based plans or other stock based plans of the Company, shall be governed by the terms, provisions and conditions of the applicable incentive compensation plan, stock option agreements, restricted stock award agreements or
similar grant or award agreements. Notwithstanding the Employee Termination, except for employee’s continued compliance with the non-competition, non-solicitation and confidentiality provisions of Section 7, which shall apply for a period of
twelve (12) months following the date of the Employee Termination: (i) neither the Company, Edgewater Delaware, their Subsidiaries nor their successors or assigns (whether by operation of law or otherwise) shall have any rights, claims, causes of
action or remedies (whether at law or in equity) against Employee with respect to or arising out of this Agreement and/or the Employee Termination generally; and (ii) Employee shall not have any obligations, duties, liabilities or responsibilities
to the Company, Edgewater Delaware, their Subsidiaries or their successors or assigns (whether by operation of law or otherwise) with respect to or arising out of the termination of this Agreement or the Employee Termination generally, except for
duties Employee would have in her capacity as a director of the Company, if still a director of the Company following the Employee Termination. 
  
 (c)    Except as provided in Section 6 hereof, in the event of the termination of this Agreement and Employee’s employment:

  
 (i)    for Cause during
the Term, or in the event of the resignation of Employee prior to any Change in Control (as defined below) during the Term (excluding circumstances 
  

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 involving Good Reason, as defined below), then as of the date of such termination, all of the
Company’s and Edgewater Delaware’s obligations hereunder, including, without limitation, the Company’s and Edgewater Delaware’s obligations to pay Employee’s base salary or any other compensation accruing after the date of
such termination and any benefits (except as otherwise required by applicable law), other than those obligations which have accrued but remain unpaid as of the date of such termination (such as accrued but unpaid salary, any accrued but unpaid
bonus, expense reimbursements, health insurance premiums, retirement plan contributions, if any, vacation pay, sick pay, etc.) and any lump sum severance payment obligation under any other provision of this Agreement shall terminate, with all of
Employee’s obligations hereunder, except with respect to Section 7 below, being terminated. Employee’s entitlement to receive any incentive compensation for the Compensation Year of such termination or thereafter and all rights
under the 1996 Plan Grants, the 2000 Plan Grant and any other option grant, restricted stock award or similar equity based incentive granted, awarded or issued subsequent to the date of this Agreement under the aforementioned stock based plans or
other stock based plans of the Company shall be governed by the terms, provisions and conditions of the applicable incentive compensation plan, stock option agreements, restricted stock award agreements or similar grant or award agreements; or

  
 (ii)    at any time prior
to the expiration of the Term, by the Company and Edgewater Delaware pursuant to Section 5(a)(iv) above, or by Employee for Good Reason (as defined below), then in such event Employee shall receive from the Company or Edgewater Delaware a lump sum
payment equal to the greater of the following: (A) the amount of Employee’s base salary, for the remaining period of the Term plus the prior year’s cash bonus paid to Employee; or (B) the sum of one year’s annual base salary of
Employee at the time of termination plus the greater of fifty percent (50%) of such salary or the prior year’s cash bonus paid to Employee. The lump sum payment shall be due within thirty (30) days after the date of such termination.
Upon the effective date of termination in either case, all options and restricted stock awards granted to Employee as referenced in Section 3.2 to the extent not already vested and exercisable, shall become immediately vested and exercisable. In
addition, in the case of any such termination, the Company shall continue Employee’s health care, life insurance and disability coverage for Employee for the period of two (2) years following the date of any such termination: (i) under the
terms of the applicable Company and/or Edgewater Delaware sponsored health care plan by which she was covered at the time of such termination of employment, as such plan may be in effect or may be modified from time to time, or (ii) if such Company
and/or Edgewater Delaware sponsored health care, life insurance or disability plan does not by its terms allow Employee’s participation or continued participation, the Company and/or Edgewater Delaware shall obtain such insurance coverage on
behalf of Employee that provides all benefits otherwise provided under such Company sponsored health care plan (collectively, “Continued Health Care Coverage”). “Good Reason” shall mean any of the following circumstances unless
remedied by the Company within thirty (30) days after receipt of written notification by Employee that such circumstances exist or have occurred: (A) assignment to Employee of any duties inconsistent with Employee’s position, authority, duties
or responsibilities as Chief Executive Officer of the Company and Edgewater Delaware as contemplated by Section 2(a) of this Agreement, change in the location of employment in conflict or inconsistent with Section 2(a) of this Agreement, requirement

  

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 to travel in conflict or inconsistent with Section 2(a) of this Agreement, or any other action by the
Company that results in a material diminution of such position, authority, duties or responsibilities; (B) a material reduction of Employee’s compensation and/or benefits; or (C) any material failure by the Company and Edgewater Delaware to
comply with any of the material provisions of this Agreement. 
  
 6.    CHANGE IN CONTROL. 
  
 (a)    If Employee’s employment with the Company is terminated during the Term following a Change in Control, either by the Company which is not for Cause or by the Employee for Good Reason only: (i) the Company or
Edgewater Delaware shall pay Employee a lump sum amount equal to the greater of: (A) the annual base salary in effect at the time of such termination for the remaining period of the Term plus her cash bonus paid for the year immediately
preceding the year in which termination of employment occurs; or (B) one and one half (1.5) times Employee’s annual base salary then in effect plus her cash bonus paid for the year immediately preceding the year in which the termination
of employment occurs, which such lump sum payment shall be due on the effective date of the termination of Employee’s employment; (ii) the provisions of Section 5(c)(ii) relating to exercisability of options, restricted stock awards and
Continued Health Care Coverage shall apply; and (iii) the non-competition, non-solicitation and confidentiality provisions of Section 7 shall apply for a period of only six (6) months from the effective date of termination. In such event, Employee
shall have no further obligations under this Agreement, other than continued compliance with Section 7 hereof during the aforementioned period in the preceding sentence. 
  
 (b)    A “Change in Control” shall be deemed to have occurred if: (i) any person, other than
the Company or an employee benefit plan of the Company, acquires, directly or indirectly, the beneficial ownership of any voting security of the Company and immediately after such acquisition such person is, directly or indirectly, the beneficial
owner of voting securities representing 50% or more of the total voting power of the then-outstanding voting securities of the Company; (ii) the individuals (A) who, as of the date of this Agreement, constitute the Board (the “Original
Directors”) or (B) who thereafter are elected to the Board and whose election, or nomination for election, to the Board was approved by a vote of at least two-thirds (2/3) of the Original Directors then still in office (such directors becoming
“Additional Original Directors” immediately following their election) or (C) who are elected to the Board and whose election, or nomination for election to the Board was approved by a vote of at least two-thirds (2/3) of the Original
Directors and Additional Original Directors then still in office (such directors also becoming “Additional Original Directors” immediately following their election), cease for any reason to constitute a majority of the members of the
Board; (iii) the stockholders of the Company shall approve a merger, consolidation, recapitalization, or reorganization of the Company, a reverse stock split of outstanding voting securities, or consummation of any such transaction if stockholder
approval is not sought or obtained, other than any such transaction which would result in at least 75% of the total voting power represented by the voting securities of the surviving entity outstanding immediately after such transaction being
beneficially owned by at least 75% of the holders of outstanding voting 
  

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 securities of the Company immediately prior to the transaction, with the voting power of each such continuing holder
relative to other such continuing holders not substantially altered in the transaction; (iv) the stockholders of the Company shall approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of
all or a substantial portion of the Company’s assets (other than cash) (i.e., 50% or more of the total assets (other than cash) of the Company); or (v) the sale by the Company to a third party or third parties of fifty percent (50%) or more of
the total voting power of the then outstanding voting securities of Edgewater Delaware, fifty percent (50%) or more of the assets of Edgewater Delaware or the merger, consolidation, reorganization or other business combination of Edgewater Delaware
with a third party or third parties, where the Company directly or indirectly owns less than fifty percent (50%) or more of the total voting power of the then outstanding voting securities of Edgewater Delaware immediately following any such
business combination transaction. 
  
 (c)
(i)    Anything in this Agreement to the contrary notwithstanding, in the event that it shall be determined that any payment or distribution by the Company or Edgewater Delaware to or for the benefit of Employee, whether paid or
payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”), would constitute an “excess parachute payment” within the meaning of section 280G of the Internal Revenue Code of 1986,
as amended (the “Code”), amounts payable or distributable to or for the benefit of the Employee pursuant to this Agreement that are determined to be “parachute payments” within the meaning of Section 280G(b)(2) of the Code (such
payments or distributions pursuant to this Agreement are hereinafter referred to as “Agreement Payments”) shall not be paid or distributed in the amounts or at the times otherwise required by this Agreement, but shall instead be paid or
distributed annually, beginning as of the effective date of the termination of Employee’s employment and thereafter on each anniversary thereof, in the maximum substantially equal amounts and over the minimum number of years that are determined
to be required to reduce the aggregate present value of Agreement Payments to an amount that will not cause any Payment to be non-deductible under section 280G of the Code. For purposes of this Section 6, present value shall be determined in
accordance with section 280G(d)(4) of the Code. 
  
 (ii)    All determinations to be made under this Section 6 (c) shall be made by the Company’s independent public accountant immediately prior to the Change of Control (the “Accounting Firm”), which firm
shall provide its determinations and any supporting calculations both to the Company, Edgewater Delaware and Employee within 10 days of the effective date of the termination of Employee’s employment. Any such determination by the Accounting
Firm shall be binding upon the Company, Edgewater Delaware and Employee. 
  
 (iii)    Within two years after the effective date of the termination of Employee’s employment, the Accounting Firm shall review the determination made by it pursuant to Section 6(c)(i) above.
If at that time, as a result of the uncertainty in the application of section 280G of the Code at the time of the initial determination by the Accounting Firm hereunder, the annual amounts of Agreement Payments or the period over which Agreement
Payments are paid or distributed, as determined pursuant to clause (i), above, are determined not to satisfy the requirements of clause (i), then the annual amount of future Agreement 
  

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 Payments and/or the period over which future Agreement Payments are paid or distributed shall be
redetermined to satisfy the requirements of clause (i), and all future Agreement Payments shall be paid or distributed in accordance with such redetermination. 
  

(iv)    All of the fees and expenses of the Accounting Firm in performing the determinations referred to in Section
6(c)(ii) and (iii) above shall be borne solely by the Company or Edgewater Delaware. The Company or Edgewater Delaware agree to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or
relating to its determinations pursuant to Section 6 (c)(ii) and (iii) above, except for claims, damages or expenses resulting from the negligence or misconduct of the Accounting Firm. 
  
 7.    COVENANT NOT TO COMPETE, NON-SOLICITATION, CONFIDENTIALITY. 
  
 (a)    Employee acknowledges that in the course of her
employment by the Company and Edgewater Delaware, Employee has and will become privy to various economic and trade secrets and relationships of the Company, Edgewater Delaware and Subsidiaries under their direct or indirect control (collectively,
“Subsidiaries”). Therefore, in consideration of this Agreement, Employee hereby agrees that she will not, directly or indirectly, except for the benefit of the Company, Edgewater Delaware or their Subsidiaries, or with the prior written
consent of the Board, which consent may be granted or withheld at the sole discretion of the Board: 
  
 (i)    During the Noncompetition Period (as hereinafter defined), become an officer, director, stockholder, partner,
member, manager, associate, employee, owner, creditor, independent contractor, co-venturer, consultant or otherwise, or be interested in or associated with any other person, corporation, firm or business engaged in providing software solutions
services, including but not limited to, systems integration, custom software development, training, systems support, outsourcing and/or information technology consulting services (an “Edgewater Services Business”) within a radius of fifty
(50) miles from any office operated during the Term or at the expiration or earlier termination of this Agreement by the Company, Edgewater Delaware or any of their Subsidiaries (collectively, the “Territory”); provided,
however, that 
  
 (A)    Nothing herein shall be construed to prohibit Employee from owning not more than five percent (5%) of any class of securities issued by an entity which is subject to the reporting requirements of the Securities
Exchange Act of 1934, as amended, or which is traded over the counter; 
  
 (B)    The foregoing shall not restrict Employee with respect to businesses, other than Edgewater Services Businesses, engaged in by the Company, Edgewater Delaware or their Subsidiaries during the
Noncompetition Period, unless Employee either is or was substantially involved in such other businesses of the Company, Edgewater Delaware or 
  

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 such Subsidiaries or had access to Confidential Information (as hereinafter defined) with respect to such
other businesses; or 
  
 (C)    Nothing herein shall be construed to prohibit Employee from engaging in general business consulting to companies or individuals that: (i) do not compete, directly or indirectly, with an Edgewater Services Business
or; (ii) who are not or have not been customers of the Company and Edgewater Delaware for a period of one (1) year. 
  
 (ii)    During the Noncompetition Period, in the Territory, solicit, cause or authorize, directly or indirectly, to be
solicited for or on behalf of herself or third parties, from parties who are or were customers of the Company, Edgewater Delaware or their Subsidiaries, any Edgewater Services Business transacted by or with such customer by the Company, Edgewater
Delaware or their Subsidiaries; or 
  
 (iii)    During the Noncompetition Period, in the Territory, accept or cause or authorize, directly or indirectly, to be accepted for or on behalf of herself or for third parties, any such Edgewater Services Business
from any such customers of the Company, Edgewater Delaware or their Subsidiaries; or 
  
 (iv)    (A) During the Noncompetition Period, use, publish, disseminate or otherwise disclose, directly or indirectly,
any information heretofore or hereafter acquired, developed or used by the Company, Edgewater Delaware or their Subsidiaries relating to their business or the operations, employees or customers of the Company, Edgewater Delaware or their
Subsidiaries, which constitutes proprietary or confidential information of the Company, Edgewater Delaware or their Subsidiaries (“Confidential Information”), including without limitation any Confidential Information contained in any
customer lists, mailing lists and sources thereof, statistical data and compilations, patents, copyrights, trademarks, trade names, inventions, formulae, methods, processes, agreements, contracts, manuals or any other documents; and (B) from and
after the date hereof, use, publish, disseminate or otherwise disclose, directly or indirectly, any information heretofore or hereafter acquired, developed or used by the Company, Edgewater Delaware or their Subsidiaries which constitutes
Confidential Information, but excluding any Confidential Information which has become part of common knowledge or understanding in the Edgewater Services Business industry or otherwise in the public domain (other than from disclosure by Employee in
violation of this Agreement); provided, however, this subsection (iv) shall not be applicable to the extent Employee is required to testify in a judicial or regulatory proceeding pursuant to the order of a judge or administrative law
judge after Employee requests that such Confidential Information be preserved; or 
  
 (v)    During the Noncompetition Period, in the Territory, 
  
 (A)    Solicit, entice, persuade or
induce, directly or indirectly, any employee (or person who within the preceding ninety (90) days was an 
  

 10 

 employee) of the Company, Edgewater Delaware or their Subsidiaries or any other person who is under
contract with or rendering services to the Company, Edgewater Delaware or its Subsidiaries, to terminate his or her employment by, or contractual relationship with, such person or to refrain from extending or renewing the same (upon the same or new
terms) or to refrain from rendering, services to or for such person or to become employed by or to enter into contractual relations with any persons other than such person or to enter into a relationship with a competitor of the Company, Edgewater
Delaware or its Subsidiaries; 
  
 (B)    Solicit, induce, attempt to hire, or hire any employee of the Company, Edgewater Delaware or their Subsidiaries (or anyone who was an employee of the Company, Edgewater Delaware or their Subsidiaries during the
period from the date six months prior to termination of Employee’s employment with the Company), or assist in such hiring by any other person or business entity; or 
  
 (C)    Authorize or knowingly approve or assist in the taking of any such actions by any
person other than the Company, Edgewater Delaware or their Subsidiaries. 
  
 (b)    For purposes of this Agreement, the term “Noncompetition Period” shall mean the period commencing on the date hereof and ending twelve (12) months after the date Employee ceases to
be an officer or employee of, or consultant to the Company or any of its Subsidiaries; provided, however, that the Noncompetition Period shall end at the times prescribed in Sections 5 and 6 year from the date of termination of
this Agreement and employment of Employee by the Company under this Agreement which is without Cause, by Employee for Good Reason as referenced therein or by Employee pursuant to Section 5 (b). 
  
 (c)    The invalidity or non-enforceability of this
Section 7 in any respect shall not affect the validity or enforceability of this Section 7 in any other respect or of any other provisions of this Agreement. In the event that any provision of this Section 7 shall be held invalid or unenforceable by
a court of competent jurisdiction by reason of the geographic or business scope or the duration thereof, such invalidity or unenforceability shall attach only to the scope or duration of such provision and shall not affect or render invalid or
unenforceable any other provision of this Agreement, and, to the fullest extent permitted by law, this Agreement shall be construed as if the geographic or business scope or the duration of such provision had been more narrowly drafted so as not to
be invalid or unenforceable and further, to the extent permitted by law, such geographic or business scope or the duration thereof may be re-written by a court of competent jurisdiction to make such sufficiently limited to be enforceable.

  
 (d)    Employee acknowledges that the
Company’s, Edgewater Delaware’s and/or their Subsidiaries, remedies at law for any breach of the provisions of this Section 7 are and will be insufficient and inadequate and that the Company, Edgewater Delaware and their 
  

 11 

 Subsidiaries shall be entitled to equitable relief, including by way of temporary and permanent injunction, in addition
to any remedies the Company, Edgewater Delaware or their Subsidiaries may have at law. 
  
 (e)    The provisions of this Section 7 shall survive termination of this Agreement in accordance with provisions referenced above. 
  
 8.    DIVISIBILITY OF AGREEMENT. In the event that any term, condition or provision of this
Agreement is for any reason rendered void, all remaining terms, conditions and provisions shall remain and continue as valid and enforceable obligations of the parties hereto. 
  
 9.    NOTICES. Any notices or other communications required or permitted to be sent hereunder
shall be in writing and shall be duly given if personally delivered or sent postage prepaid by certified or registered mail, return receipt requested, or sent by prepaid overnight courier service, delivery confirmed, as follows: 
  

	If to Employee:	  	 Shirley Singleton
 219 John Wise
Ave
 Essex, MA 01929
	  	 
			
	With a copy to:	  	 Aaron Gilman, Esq.
 Divine, Millimet &
Branch
 300 Brickstone Square
 9th Floor
 Andover, MA
01810
	  	 
			
	 If the Company or
 Edgewater Delaware:
	  	
 Non Executive Chairman
 c/o Corporate Secretary
 Edgewater Technology, Inc.
 20
Harvard Mill Square
 Wakefield, MA 01880
	  	 
			
	With a copy to:	  	 Gordon Y. Allison, Esq.
 Executive Vice
President – General Counsel
 Edgewater Technology, Inc.
 4710 S. Thompson, Suite 103
 Springdale, AR 72764
	  	 

  
 Either party may change her or its
address for the sending of notice to such party by written notice to the other party sent in accordance with the provisions hereof. 
  
 10.    COMPLETE AGREEMENT. This Agreement, the 1996 Grants, the 2000 Grant and that certain Noncompetition Agreement dated as
of May 17, 1999 by and between the Company (then known as StaffMark, Inc.) and Employee contain the entire understanding of the 
  

 12 

 parties with respect to the employment of Employee (including nonsolicitation and noncompetition agreements) and
supersedes all prior arrangements or understandings with respect thereto, including but not limited to that certain employment agreement by and between Edgewater Delaware and Employee dated as of April 14, 2000. This Agreement may not be altered or
amended except by a writing, duly executed by the party against whom such alteration or amendment is sought to be enforced. 
  
 11.    ASSIGNMENT. This Agreement is personal and non-assignable by Employee. It shall inure to the benefit of and be binding
in all respects upon, any corporation or other entity with which the Company and/or Edgewater Delaware shall merge or consolidate or to which the Company and/or Edgewater Delaware shall lease or sell all or substantially all of its assets and may be
assigned by the Company and Edgewater Delaware to any affiliate of the Company or Edgewater Delaware or to any corporation or entity with which such affiliate shall merge or consolidate or which shall lease or acquire all or substantially all of the
assets of such affiliate. 
  
 12.    JOINT
AND SEVERAL RESPONSIBILITY. The Company and Edgewater Delaware covenant and agree that the liability of each under this Agreement shall be primary, that the Company and Edgewater Delaware shall be jointly and severally liable for any and all
obligations of each of the Company and Edgewater Delaware under this Agreement, and that in any right of action which shall accrue to Employee under this Agreement, Employee may, at Employee’s option, proceed against the Company and Edgewater
Delaware, jointly or severally, and may proceed against either the Company or Edgewater Delaware without having commenced any action against or having obtained any judgment against the other. 
  
 13.    COUNTERPARTS. This Agreement may be
executed in counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. 
  
 14.    GOVERNING LAW. This Agreement shall in all respects be construed according to the laws of the State of Delaware.

  
 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

  

 13 

 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement in multiple counterparts as of the day
and year first above written. 
  
  

	EMPLOYEE:
	
	 /s/ Shirley Singleton

	 	 	 
	
	EDGEWATER TECHNOLOGY, INC. :
		
	 By:
	 	 /s/ William J. Lynch

		
	Title:	 	 Chairman

	
	EDGEWATER TECHNOLOGY (DELAWARE), INC. :
		
	 By:
	 	 /s/ Gordon Y. Allison

		
	Title:	 	 Executive Vice President

  

 14

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