Document:

2005 Stock Incentive Plan

 Exhibit 10.2 
 JAGGED PEAK, INC. 
 2005 STOCK INCENTIVE PLAN 
 I. Purpose. 
 The purpose of this Jagged Peak,
Inc. 2005 Stock Incentive Plan is to advance the interests of Jagged Peak, Inc., a corporation organized under the laws of Nevada (the “Company”) by providing eligible key employees, consultants and non-employee directors of the Company
(as designated pursuant to Section 3 below) an opportunity to acquire (or increase) shares of common stock of the Company, which thereby will create stronger incentives to expend maximum effort for the growth and success of the Company and will
encourage such eligible individuals to remain in the employ or service of the Company. 
 The 2005 Stock Incentive Plan was approved by the
Board of Directors on October 7, 2005, and will be submitted to the Company’s stockholders for approval at the next annual stockholders meeting. 
 II. Definitions. 
 The following terms shall have the meanings shown: 
 2.1 “Board of Directors” shall mean the Board of Directors of the Company. 
 2.2 “Change of Control” shall mean any event described in Section 6.1. 
 2.3 “Code” shall mean the Internal Revenue Code of 1986, as the same shall be amended from time to time. 
 2.4 “Common Stock” shall mean shares of the common stock of the Company, no par value, except as provided in Section 7.2 of the Plan.

 2.5 “Consultant” shall mean any individual who performs valuable services for pay for the Company (or any Subsidiary) on a
regular and on-going basis who is not an employee of the Company. 
 2.6 “Date of Grant” shall mean the date specified by the Board
of Directors on which a grant of Options, or a grant or sale of Restricted Stock, shall become effective, which shall not be earlier than the date on which the Board of Directors takes action with respect thereto. 
 2.7 “Fair Market Value” shall mean the fair market value of a share of Common Stock as determined by the Board of Directors in good faith, as
reflected in the minutes of the Board of Directors. For periods in which there is no public market for the Common Stock, the Board of Directors may rely in good faith upon any written opinions or other advice provided to the Board of Directors with
respect to the valuation of the Common Stock by professional advisors, including any professional appraiser or accountants (including the Company’s certified public accountants) who may present reports or other advice to the Board of Directors.

 In determining the Fair Market Value as of any Date of Grant during a period in which the Common Stock is
publicly traded, the Board of Directors shall determine the fair market value as of that Date of Grant by reference to (a) the closing price of the Common Stock on the principal exchange on which the Common Stock is then traded, if any, on the
trading day previous to such Date of Grant, or, if the Common Stock is not traded on such date, then on the next preceding trading day prior to the Date of Grant on which a sale was quoted on such exchange, (b) if the Common Stock is not then
listed or traded on a stock exchange but is regularly quoted on a Nasdaq bulletin board or a successor quotation system, (1) the average of the closing price quotations (if any) reported on such bulletin board with respect to the sale of Common
Stock over a period of up to ten (10) trading days preceding the Date of Grant, or, (2) if no closing prices are so quoted, the mean between the closing asked and bid prices quoted for the Common Stock on each trading day within such
period of up to four (4) weeks prior to the Date of Grant as the Board of Directors may determine to be necessary and appropriate to obtain a reliable indicator of fair market value on the Date of Grant, or (c) if the stock is traded on an
exchange, however it is determined by the board that the common stock price does not necessarily reflect the value in a free trading market with normal volume and liquidity the board may base the determined price on recent stock sales or
subscription agreements to determine the fair market value at date of grant. 
 2.8 “Grant Agreement” shall mean a written
agreement between the Company and a Participant who has been granted Options or Restricted Stock under this Plan. 
 2.9 “ISOs”
shall mean options, which are intended to qualify as incentive stock options under Section 422 of the Code. 
 2.10 “Management
Objectives” shall mean the achievement of performance objectives established by the Board of Directors pursuant to this Plan for Participants who have received grants of Restricted Stock or Options with performance-vesting. One or more of the
following business criteria for the Company, on a consolidated basis, and/or specified subsidiaries or business units of the Company (except with respect to the total stockholder return and earnings per share criteria), shall be used exclusively by
the Board of Directors in establishing performance objectives: (1) total stockholder return; (2) such total stockholder return as compared to total return (on a comparable basis) of a publicly available index of companies of a similar
capitalization or in similar industries; (3) net income; (4) annual or quarterly sales or net sales; (5) annual revenues; (6) pretax earnings; (7) earnings before interest expense, taxes, depreciation and amortization;
(8) pretax operating earnings after interest expense and before bonuses, service fees, and extraordinary or special items; (9) operating margin; (10) earnings per share; (11) return on equity; (12) return on capital;
(13) return on investment; (14) operating earnings; (15) working capital or inventory; (16) ratio of debt to stockholders’ equity; or (17) for awards granted before any equity securities of the Company are registered
under the Securities Act of 1933 or otherwise publicly traded, any other specific performance measure established or set forth by the Board of Directors. For grants made during periods in which equity securities of the Company are publicly traded,
one or more of the foregoing business criteria described in 
  

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 subparagraphs (1) through (16) shall be exclusively used in establishing performance objectives for grants to
executive officers that are intended to qualify as “performance-based compensation” under Code Section 162(m). 
 2.11
“Non-employee Director” shall mean a member of the Board of Directors who is not an employee or Consultant of the Company, or of any Subsidiary. 
 2.12 “Nonstatutory Options” shall mean options which are not intended to qualify as ISOs. 
 2.13
“Option Price” shall mean, with respect to any Option, the amount designated in a Participant’s Grant Agreement as the price per share he or she will be required to pay to exercise the Option and acquire shares of Common Stock subject
to such Option. 
 2.14 “Options” shall mean any rights to purchase shares of Common Stock granted pursuant to Article IV of this
Plan. 
 2.15 “Participant” shall mean any employee, officer, or Consultant of the Company or of any Subsidiary, who has been
granted Options or Restricted Stock under the terms of this Plan. 
 2.16 “Plan” shall mean this Jagged Peak, Inc. 2005 Stock
Incentive Plan, as the same may be amended from time to time. 
 2.17 “Restricted Stock” shall mean shares of Common Stock that are
issued to eligible officers, employees or Consultants of the Company, or of its Subsidiaries, and made subject to restrictions in accordance with Article V of the Plan, including shares of Common Stock to be issued in the future contingent upon the
satisfaction of conditions established by the Board of Directors, which may include Management Objectives set forth in Section 2.10, and set forth in the Participant’s Grant Agreement. 
 2.18 “Shareholders Agreement” shall mean the Shareholders Agreement of Jagged Peak, Inc., as the same may be amended from time to time.

 2.19 “Subsidiary” shall mean any corporation which, on the date of determination, qualifies as a subsidiary corporation of the
Company under Section 424(f) of the Code. 
 III. Eligibility. 
 3.1 Participation. The Board of Directors may grant Options and/or Restricted Stock awards under this Plan to any officer, key employee or
Consultant of the Company. In granting such awards and determining their form and amount, the Board of Directors shall give consideration to the functions and responsibilities of the individual, his or her potential contributions to profitability
and sound growth of the Company and such other factors as the Board of Directors may, in its discretion, deem relevant. 
  

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 3.2 Named Executive Officers. Notwithstanding any other provisions of this Plan, if the Company is
subject to the reporting requirements of the Securities Exchange Act of 1934, any officer who is (or is likely to become) a named executive officer shall not be granted Options or Restricted Stock unless the grant has been approved by a Board of
Directors or a Committee of the Board of Directors comprised exclusively of outside directors who qualify as “outside directors” within the meaning of Code Section 162(m) and any IRS regulations promulgated thereunder. 
 3.3 Employees of Subsidiaries. The Board of Directors may also, in its discretion, grant Options or Restricted Stock awards under this Plan to any
officer, key employee or Consultant of any Subsidiary of the Company. 
 3.4 Non-employee Directors. The Board of Directors may grant
Options or Restricted Stock awards under this Plan to Non-employee Directors only to the extent permitted under such written policy on the compensation of non-employee directors as may have been approved by the full Board of Directors. 

IV. Options. 
 4.1 Terms and
Conditions. The Board of Directors may, in its sole discretion, from time to time grant Options to any officer, key employee or Consultant of the Company or Subsidiary of the Company. The grant of an Option to an eligible officer, key employee
or Consultant shall be evidenced by a written Grant Agreement in substantially the form approved by the Board of Directors. Such Option shall be subject to the following express terms and conditions and to such other terms and conditions, not
inconsistent with the terms of this Plan, as the Board of Directors may deem appropriate. 
 (a) Shares Covered. The Board of
Directors shall, in its discretion, determine the number of shares of Common Stock to be covered by the Options granted to any Participant. 
 (b) Maximum Term of Options. The term of each Option shall be for such period as the Board of Directors shall determine, but unless the Board of Directors determines that another term is more appropriate and includes that other term
in the Participant’s Grant Agreement, the term for any Option granted under this Plan shall be for ten years from the Date of Grant thereof. 
 (c) Vesting of Options. The Board of Directors shall also have the discretion to determine when each Option granted hereunder shall become exercisable, and to prescribe any vesting schedule limiting the exercisability of such Options
as it may deem appropriate. Unless the Board of Directors determines that another vesting schedule should apply and includes that vesting schedule in the Participant’s Grant Agreement, any Option granted under this Plan shall vest in equal
annual installments over a period of five (5) years. 
 The Board of Directors may, in its discretion, condition the vesting and
exercisability of any Option granted under the Plan on satisfaction of (i) any minimum period of continued employment with the Company by the Participant the Board of Directors deems 
  

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 appropriate (“service vesting”), (ii) satisfaction of any of one or more Management Objectives the Board
of Directors deems appropriate (“performance vesting”), or (iii) any combination of servicing vesting and performance vesting requirements the Board of Directors deems appropriate. 
 (d) Option Price. The Option Price payable for the shares of Common Stock covered by any Option shall be determined by the Board of Directors, but
shall in no event be less than the current fair market value of the Common Stock on the Date of Grant. 
 (e) Exercise of Options. A
Participant may exercise his or her Options from time to time by written notice to the Secretary of the Company of his or her intent to exercise the Options with respect to a specified number of shares. The specified number of shares of Common Stock
will be issued and transferred to the Participant upon receipt by the Company of (i) such notice and (ii) payment in full for such shares, and (iii) receipt of any payments required to satisfy the Company’s tax withholding
obligations pursuant to Section 8.2 of this Plan. 
 (f) Payment of Option Price Upon Exercise. Each Option Agreement shall
provide that the Option Price for the Common Stock with respect to which an Option is exercised may be paid to the Company at the time of exercise, in the form of (i) cash, (ii) delivery to the Company of shares of Common Stock already
owned by the Participant, valued at their Fair Market Value on the day immediately preceding the date of exercise, or (iii) a combination of any of the above equal to the Option Price for the shares. 
 (g) Other Conditions on Exercise. The Board of Directors may, in its discretion, make the Participant’s right to exercise any Options granted
under the Plan expressly subject to the Participant becoming a party to the Shareholders Agreement and/or any similar agreement the Board of Directors may determine to be desirable or appropriate. If the Board of Directors so decides, the
Participant’s execution of a joinder to the Shareholders Agreement shall be a condition precedent to the Participant’s right to exercise the Options. 
 4.2 Effect of Termination of Employment, Retirement, Disability or Death. 
 (a) Unless otherwise
expressly provided in the Participant’s Grant Agreement or an employment agreement expressly approved by the Board of Directors, if a Participant’s employment (or other relationship, in the case of a Consultant) with the Company is
involuntarily terminated, or is terminated by the Participant without the Company’s express consent, for any reason other than retirement, disability or death, his or her Options shall terminate thirty (30) days after the date of the
termination, unless the Board of Directors decides, in its sole discretion, to waive this termination. 
 Notwithstanding the foregoing, if a
Participant’s employment with the Company (or other relationship, in the case of a Consultant) is involuntarily terminated for “cause,” his or her Options shall terminate immediately on the date of the termination. For this purpose,
termination for “cause” shall include termination for breaching any covenants not to compete, non-solicitation, confidentiality or similar covenants the Participant has made in any employment agreement or confidentiality agreement with the
Company, or, if the Participant has an 
  

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 employment agreement with the Company, any event that would permit the Company to involuntarily terminate his employment
under that employment agreement for cause or good reason. 
 (b) Any Option Agreement may, in the Board of Directors’ sole discretion,
include such provisions as the Board of Directors deems advisable with respect to the Participant’s right to exercise the Option subsequent to retirement at or after age 60 or other termination with the consent of the Company, or subsequent to
termination of the Participant’s employment (or other relationship, in the case of a Consultant) by reason of total and permanent disability; provided, that, in no event shall any Option be exercisable after the fixed termination date
set forth in the Participant’s Grant Agreement pursuant to Section 4.1(b);. 
 (c) Any Grant Agreement may, in the Board of
Directors’ sole discretion, provide that, in the event the Participant dies while in the employ of the Company (or while serving as an active Consultant), or while he or she has the right to exercise his or her Options under the preceding
Section 4.2(b), the Options may be exercised (to the extent it had become exercisable prior to the time of the Participant’s death), during such period of up to one year after the date of the Participant’s death as the Board of
Directors deems to be appropriate, by the personal representative of the Participant’s estate, or by the person or persons to whom the Options shall have been transferred by will or by the laws of descent and distribution. 
 (d) For purposes of this Section 4.2, termination of a Participant shall be deemed to occur at such time as the Board of Directors shall determine
that the Participant is no longer a common law employee or active Consultant of the Company or any Subsidiary. The Board of Directors shall have the discretion to determine whether the employment relationship or consulting relationship between the
Company (or Subsidiary) and any Participant has terminated. Part-time or non-exclusive employment by the Company may be considered employment by the Company as long as the Participant is treated as an employee for purposes of FICA and payroll taxes,
as shall employment by a Subsidiary. In addition, the Board of Directors shall have full discretion to determine whether a Participant’s reduction in hours, medical or disability leave, FMLA leave, absence on military or government service, or
other authorized leave of absence, shall constitute a termination of employment (or termination of consulting services, in the case of a Consultant) for purposes of this Plan. 
 4.3 Designation of Options as Incentive Stock Options. The Board may, in its discretion, specify that any Option granted to a Participant who is
employed by the Company, or by a Subsidiary (to the extent specified in Section 3.3 above), shall be an ISO qualifying under Code Section 422. Each Grant Agreement which provides for the grant of ISOs shall designate that such Options are
intended to qualify as ISOs. Each provision of the Plan and of each Grant Agreement relating to an Option designated as an ISO shall be construed so that such Option qualifies as an ISO, and any provision that cannot be so construed shall be
disregarded. 
  

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 Any Options granted under this Plan which are designated as ISOs shall comply with the following terms:

 (a) The aggregate Fair Market Value (determined at the time an ISO is granted) of the shares of Common Stock (together with all other stock
of the Company and all stock of any Subsidiary) with respect to which the ISOs may first become exercisable by an individual Participant during any calendar year, under all Stock Incentive Plans of the Company (or any Subsidiaries) shall not exceed
$100,000. To the extent this limitation would otherwise be exceeded, the Option shall be deemed to consist of an ISO for the maximum number of shares which may be covered by ISOs pursuant to the preceding sentence, and a Nonstatutory Option for the
remaining shares subject to the Option. 
 (b) The Option Price payable upon the exercise of an ISO shall not be less than the Fair Market
Value of a share of Common Stock on the Date of Grant. 
 (c) In the case of an ISO granted to a Participant who is a ten percent stockholder
of the Company, the period of the Option shall not exceed five years from the Date of Grant, and the Option Price shall not be less than 110 percent of the Fair Market Value of Common Stock on the Date of Grant. 
 (d) No Option designated as an ISO granted under this Plan shall be assignable or transferable by the Participant, except by will or by the laws of
descent and distribution. During the life of the Participant, any Option designated as an ISO shall be exercisable only by the Participant. 
 4.4 Authority to Waive Restrictions on Exercisability. The Board of Directors may, in its discretion, determine at any time that all or any portion of the Options granted to one or more Participants under the Plan shall,
notwithstanding any restrictions on exercisability imposed pursuant to Section 4.1(c), become immediately exercisable in full. The Board of Directors may make such further adjustments to the terms of such Options as it may deem necessary or
appropriate in connection therewith. 
 4.5 Non-Assignability. Options granted under this Plan shall generally not be assignable or
transferable by the Participant, except by will or by the laws of descent and distribution, or as described in the next paragraph. Notwithstanding the foregoing, the Board of Directors may, in its discretion, permit a Participant to transfer all or
a portion of his or her Options to members of his or her immediate family (as defined in Securities and Exchange Commission Rule 701), to trusts for the benefit of members of his immediate family, or to family partnerships or limited liability
company which immediate family members are the only partners or members, provided that the Participant may receive no consideration for such transfers, and that such Options shall still be subject to termination in accordance with Section 4.2
above in the hands of the transferee. 
 4.6 Covenants Not to Compete. The Board of Directors may, in its discretion, condition any
Option granted to an employee, Consultant or Director of the Company upon such Participant’s agreement to enter into such covenant not to compete with the Company as the Board of Directors may deem to be desirable. Such covenant not to compete
shall be appended to the Participant’s Grant Agreement, and the Grant Agreement shall provide that the Option shall be forfeited immediately, whether otherwise vested or not, if the Board of Directors 
  

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 determines that the Participant has violated his or her covenant not to compete. In addition, in the Board of
Directors’ discretion, a Participant’s Grant Agreement may also provide that if the Participant breaches his or her covenant not to compete, the Company shall have the right to repurchase any shares of Common Stock previously issued to the
Participant pursuant to an exercise of the Option, at a repurchase price equal to the Option Price paid by the Participant. 
 V. Restricted Stock.

 5.1 Rights As A Stockholder. Subject to Section 3.3 above, the Board of Directors may, in its discretion, grant a
Participant an award consisting of shares of Common Stock, or sell a Participant shares of Common Stock on such terms as the Board of Directors may determine to be appropriate. At the time of the award, the Board of Directors shall cause the Company
to deliver to the Participant, or to a custodian or an escrow agent designated by the Board of Directors, a certificate or certificates for such shares of Restricted Stock, registered in the name of the Participant. The Participant shall have all
the rights of a stockholder of the Company with respect to such Restricted Stock, subject to the terms and conditions, including forfeiture or resale to such Company, if any, as the Board of Directors may determine to be desirable pursuant to
Section 5.3 of the Plan. The Board of Directors may designate the Company or one or more of its executive officers to act as custodian or escrow agent for the certificates. 
 5.2 Awards and Certificates. 
 (a) A
Participant granted an award of Restricted Stock shall not be deemed to have become a stockholder of the Company, or to have any rights with respect to such shares of Restricted Stock, until and unless such Participant shall have executed a Grant
Agreement evidencing the terms of the Restricted Stock award and delivered a fully executed copy thereof to the Company and otherwise complied with the then applicable terms and conditions of such award, including, if the shares of Restricted Stock
are to be sold to the Participant, payment of the specified purchase price for the Restricted Stock award on such terms as the Board of Directors may set. 
 (b) When a Participant is granted Restricted Stock, the Company shall issue a stock certificate or certificates in respect of the shares of Restricted Stock. Such certificates shall be registered in the name of the
Participant, and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such award substantially in the following form: 
 “The transferability of the Common Units represented by this Certificate are subject to the terms and conditions (including forfeiture) of a Restricted Stock Grant Agreement entered into between the registered
owner and Jagged Peak, Inc. A copy of such Agreement is on file in the offices of the Secretary of the Company, 2701 Rocky Pint Drive, Suite 1250, Tampa, FL 33607.” 
 (c) Except as may be otherwise determined by the Board of Directors pursuant to Section 5.1 above (or as required in order to satisfy the tax withholding obligations imposed under Section 8.2 of this Plan),
Participants granted awards of Restricted Stock under this Plan will not be required to make any payment or provide consideration to the Company other than the rendering of services. 
  

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 5.3 Restrictions and Forfeitures. Restricted Stock awarded to a Participant pursuant to this
Article V of the Plan shall be subject to the following restrictions and conditions: 
 (a) During a period set by the Board of Directors of
not more than ten (10) years, commencing with the Date of Grant (the “Restriction Period”), the Participant will not be permitted to sell, transfer, pledge or assign the shares of Restricted Stock awarded to him or her. Within these
limits, the Board of Directors may provide for the lapse of such restrictions in installments where deemed appropriate, or for the lapse of such restrictions upon the satisfaction of such minimum periods of continued service with the Company or the
achievement of such Management Objectives as the Board of Directors may have established in connection with the award. 
 (b) Except as
provided in Section 5.3(a), the Participant shall have with respect to the Restricted Stock award all of the rights provided to any holder of Common Stock of the Company, subject to the terms of the Shareholder Agreement, including the right to
vote the Restricted Stock and receive a share of any dividends or other distributions declared with respect to the Common Stock. 
 (c)
Subject to the provisions of Section 5.3(d), unless otherwise provided in the Participant’s Grant Agreement or an employment agreement expressly approved by the Board of Directors, upon termination of the Participant’s employment with
the Company (or termination of the Participant’s status as a Consultant) during the Restriction Period for any reason, all shares of Restricted Stock with respect to which the restrictions have not yet expired shall be forfeited to or
repurchased by the Company on such terms as may be set forth in the Participant’s Grant Agreement. 
 (d) In the event of a
Participant’s retirement, permanent total disability, or death, or in cases of special circumstances, the Board of Directors may, in its sole discretion, when it finds that a waiver would be in the best interests of the Company, waive in whole
or in part any or all remaining restrictions with respect to such Participant’s Restricted Stock. 
 (e) Notwithstanding the other
provisions of this Section 5.3, the Board of Directors may adopt rules which would permit a Participant to transfer all or a portion of his or her Restricted Stock to members of his or her immediate family (as defined in SEC Rule 701), or to a
trust for the benefit of members of his or her immediate family, or to a family limited partnership or limited liability companies of which immediate family members are the only partners or members, provided that the Restricted Stock so transferred
shall be similarly restricted. 
 (f) Any attempt to dispose of shares of Restricted Stock in a manner contrary to the restrictions set forth
herein shall be ineffective. 
  

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 (g) Nothing in this Section 5.3 shall preclude a Participant from exchanging any Restricted Stock
for any other equity securities of the Company that are similarly restricted. 
 VI. Change in Control Transactions. 
 6.1 Change in Control. For purposes of this Plan, a “Change in Control” shall include any of the events described below: 
 (a) Any one person, or more than one person acting as a group (as determined under Subsection (d) below), acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of Common Stock of the Company possessing 35 percent or more of the total voting power of the outstanding equity securities of the
Company; or 
 (b) a majority of members of the Board of Directors is replaced during any 12-month period by members whose
appointment or election is not endorsed by a majority of the members of the Company’s Board of Directors prior to the date of the appointment or election; or 
 (c) any one person, or more than one person acting as a group (as determined in Subsection (e) below), acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of
the assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any
liabilities associated with such assets. 
 Notwithstanding the foregoing, no Change in Control shall be considered to have occurred for purposes of this
Plan by reason of any issuance of Common Stock or other equity securities of the Company in any public offering or private placement approved by the Board of Directors, by reason of the issuance of Common Stock upon the exercise of warrants or any
convertible securities which were approved by the Board of Managers, or by reason of a change in the composition of the Board of Directors resulting from the appointment of one or more directors pursuant to Board representation rights granted to a
venture capital fund or similar investor. Further, no Change in Control shall be considered to have occurred by reason of a transfer of Common Stock or assets of the Company to the members of the Company or to another entity that is controlled by
the members of the Company immediately after the transfer. 
 For purposes of this Section 6.1, persons will not be considered to be
acting as a group solely because they purchase assets or purchase or own equity securities of the same firm at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners
of a corporation or limited liability company that enters into a merger, consolidation, purchase or acquisition of stock, purchase or acquisition of assets, or similar business transaction with the Company. 
  

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 6.2 Effect of Change in Control. In the event of a pending or threatened Change in Control, the
Board of Directors may, in its sole discretion, take any one or more of the following actions with respect to any one or more Participants (other than with respect to Named Executive Officers): 
 (i) Accelerate the exercise dates of any outstanding Options; 
 (ii) Make outstanding Options fully vested and exercisable; 
 (iii) Determine that all or any portion of conditions associated with a Restricted Stock award have been met; 
 (iv) Grant a cash bonus award to any of the holders of outstanding Options; 
 (v) Pay cash to any or all Option holders in exchange for the cancellation of their outstanding Options or unvested Restricted Stock; or

 (vi) Make any other adjustments or amendments to the Plan and outstanding Options or Restricted Stock awards and/or
substitute new Options or other awards. 
 If the Common Stock is registered under the Securities Exchange Act of 1934, any such action with respect to any
Named Executive Officer shall be effective only if it is approved by a committee comprised exclusively of outside directors within the meaning of Code section 162(m). 
 In exercising its authority under this Section 6.2, the Board of Directors shall have no duty to apply any action taken under this Section uniformly to all Participants, and may choose, in its sole discretion,
whether or not the Options, or Restricted Stock awards granted to any particular Participant will be affected (subject to any pre-existing provisions in the Participant’s Grant Agreement or employment agreement with the Company requiring
accelerated vesting upon a Change in Control). 
 VII. Aggregate Limitation on Common Units Available for Issuance. 
 7.1 Number of Common Stock Available. 
 (a) The shares of Common Stock which may be issued pursuant to Options or Restricted Stock awards granted under the Plan may be either authorized and unissued Common Stock or shares of Common Stock reacquired by the Company from members.
The number of shares of Common Stocks reserved for issuance pursuant to the exercise of Options granted under this Plan, or as Restricted Stock awards under Article V of this Plan, shall not exceed 2,000,000 shares, subject to such adjustments as
may be made pursuant to Section 7.2. 
  

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 (b) For purposes of Section 7.1(a), upon the exercise of an Option, the number of shares of Common
Stock available for future issuance under the Plan shall be reduced by the net number of shares of Common Stock actually issued to the Optionee, exclusive of any shares of Common Stock surrendered to the Company as payment of the Option price.

 (c) Any shares of Common Stock subject to an Option which for any reason is cancelled, terminates unexercised or expires, shall again be
available for issuance under the Plan. 
 (d) In the event that any Restricted Stock award is forfeited, cancelled or surrendered for any
reason, the shares of Common Stock constituting such Restricted Stock award shall again be available for issuance under the Plan. 
 7.2
Adjustments of Stock. In the event of any change or changes in the outstanding Common Stock of the Company by reason of any stock dividend, recapitalization, reorganization, merger, consolidation, split-up, combination or any similar
transaction, the Board of Directors shall adjust the number of shares of Common Stock which may be issued under this Plan, the number of shares of Common Stock subject to Options theretofore granted under this Plan, the Option Price of such Options,
the number of Restricted Stock and make any and all other adjustments deemed appropriate by the Board of Directors in such manner as the Board of Directors deems appropriate to prevent substantial dilution or enlargement of the rights granted to
Participants. 
 New option rights may be substituted for the Options granted under the Plan, or the Company’s duties as to Options
outstanding under the Plan may be assumed by a Subsidiary, or by another corporation or by a parent or subsidiary (within the meaning of Section 424 of the Code) of such other corporation, in connection with any merger, consolidation,
acquisition, separation, reorganization, liquidation or like occurrence in which the Company is involved. In the event of such substitution or assumption, the term Common Stock shall thereafter include the securities of the entity granting such new
option rights or assuming the Company’s duties as to such Options. 
 VIII. Miscellaneous. 
 8.1 Restrictions. Any Option or Restricted Stock award granted under this Plan shall be subject to the requirement that, if at any time the Board
of Directors shall determine that any registration of the Common Stock, or any consent or approval of any governmental body, or the taking of any action to perfect an exemption from the registration of such Common Stock under the Securities Act or
any state securities law, is necessary as a condition of the granting of an Option or other award, or the issuance of Common Stock in satisfaction thereof, such shares of Common Stock will not be issued or delivered until such requirement is
satisfied in a manner acceptable to the Board of Directors. A Participant’s right to exercise Options granted under this Plan is conditioned on, and subject to, satisfaction of one of the following requirements: (i) the Board of Directors
is reasonably satisfied that the exercise of the Options will be exempt from registration under the Securities Act of 1933, as amended, pursuant to SEC Rule 701, or (ii) the Participant is an “accredited investor” at the time of the
exercise. 
  

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 The Board of Directors may from time to time impose such other conditions on the grant of awards or the
exercise of Options granted under this Plan as it deems necessary or advisable to ensure that the Common Stock issued hereunder, and each exercise thereof, is exempt from the registration requirements of federal and state securities laws. Such
conditions to satisfy applicable federal and state securities laws may include, without limitation, a requirement that upon each exercise of the Options or award of Restricted Stock the Participant provide the Board of Directors with such investment
representation letter or other documentation as the Board of Directors may deem to be necessary or desirable to qualify for an exemption from registration and printing legends on all certificates issued to the Participant referring to the
restrictions on the transferability of such shares of Common Stock. 
 8.2 Withholding Taxes. 
 (a) The Board of Directors shall have the right to require participating employees to remit to the Company an amount sufficient to satisfy any federal,
state and local withholding tax requirements prior to the delivery of any shares of Common Stock under the Plan. 
 (b) The Company shall
have the right to withhold from payments made in cash to a Participant under the terms of the Plan, an amount sufficient to satisfy any federal, state and local withholding tax requirements imposed with respect to such cash payments. 
 (c) Amounts to which the Company is entitled pursuant to Section 8.2(a) or (b), may be paid, at the election of the Participant and with the express
approval of the Board of Directors, either (i) paid in cash, (ii) withheld from the Participant’s salary or other compensation payable by the Company or the relevant Subsidiary, including cash payments made under this Plan,
(iii) withheld from the shares of Common Stock otherwise issuable to the Participant upon exercise of an Option or vesting of a Restricted Stock award, that have a Fair Market Value on the date on which the amount of tax to be withheld is
determined (the “Tax Date”) not less than the minimum amount of tax the Company is required to withhold, (iv) by delivery to the Company of shares of Common Stock already held by the Participant (including newly vested Restricted
Stock under this Plan) with a Fair Market Value on the Tax Date equal to the minimum amount of tax the Company is required to withhold, or (v) in any combination of the foregoing acceptable to the Board of Directors. A Participant’s
election to have shares of Common Stock withheld that are otherwise issuable shall be in writing, shall be irrevocable upon approval by the Board of Directors, and shall be delivered to the Company prior to the Tax Date with respect to the exercise
of an Option. 
 8.3 Tax Loans. For periods prior to the time the Common Stock are registered under the Securities Exchange Act, at
the discretion of the Board of Directors, the Company may make a loan to a Participant (i) in connection with the exercise of an Option in an amount not to exceed the grossed up amount of any Federal and state taxes payable in connection with
such exercise, for the purpose of assisting such Participant to exercise such Option, or (ii) in connection with 
  

 13 

 the vesting of Restricted Stock in an amount equal to the grossed up amount of any Federal and state taxes payable as a
result of such vesting. Any such loan may be secured by the shares of Common Stock issued to the Participant or other collateral deemed adequate by the Board of Directors and will comply in all respects with all applicable laws and regulations. The
Board of Directors may adopt policies regarding eligibility for such loans, the maximum amounts thereof and any terms and conditions not specified in the Plan upon which such loans will be made. In no event will the interest rate be lower than the
minimum rate at which the Internal Revenue Service would not impute additional taxable income to the Participant. 
 8.4 Investment
Representation. If the Board of Directors determines that a written representation is necessary in order to secure an exemption from registration under the Securities Act of 1933, the Board of Directors may demand that the Participant deliver to
the Company at the time of any exercise of any Option, at time of the transfer of Restricted Stock, any written representation that Board of Directors determines to be necessary or appropriate for such purpose, including but not limited to a
representation that the shares to be issued are to be acquired for investment and not for resale or with a view to the distribution thereof, and any other assurances that the Board of Directors deems appropriate. If the Board of Directors makes such
a demand, delivery of a written representation satisfactory to the Board of Directors shall be a condition precedent to the right of the Participant to acquire such shares of Common Stock. 
 8.5 No Right to Employment. Nothing in this Plan or in any Grant Agreement or other agreement entered into pursuant to the Plan shall confer upon
any Participant the right to continue in the employment of the Company or any Subsidiary, or affect any right which the Company (or Subsidiary) may have to terminate the employment of such Participant. 
 8.6 Non-Uniform Determinations. The Board of Directors’ determinations under this Plan (including without limitation its determinations of
the persons to receive Options, or Restricted Stock awards, the form, amount and timing of such awards and the terms and provisions of such awards) need not be uniform and may be made by it selectively among Participants who receive, or are eligible
to receive, awards under this Plan, whether or not such Participants are similarly situated. 
 8.7 No Rights as Stockholders.
Participants granted Options under this Plan shall have no rights as stockholders of the Company as applicable with respect thereto unless and until certificates for the shares of Common Stock are issued to them. 
 8.8 Transfer Restrictions. The Board of Directors may determine that any shares of Common Stock to be issued by the Company upon the exercise of
Options or as Restricted Stock awards shall be subject to such further restrictions upon transfer as the Board of Directors determines to be appropriate. 
 8.9 Fractional Shares. The Company shall not be required to issue any fractional shares of Common Stock pursuant to this Plan. The Board of Directors may provide for the elimination of fractions or for the
settlement thereof in cash. 
 8.10 Notification of Election Under Section 83(b) of the Code. If any Participant shall,

  

 14 

 in connection with the acquisition of shares of Common Stock under the Plan, make the election permitted under
Section 83(b) of the Code, such Participant shall notify the Company of such election within 10 days of filing notice of the election with the Internal Revenue Service. 
 XI. Administration. 
 (a) The Plan shall be administered by the Board of Directors. 

(b) Except as provided in Section 3.2, the Board of Directors shall have the authority, in its sole discretion, from time to time: (i) to
grant Options or Restricted Stock awards to officers, employees, directors and Consultants of the Company and its Subsidiaries, as provided for in this Plan; (ii) to prescribe such limitations, restrictions and conditions upon any such awards
as the Board of Directors shall deem appropriate; (iii) to determine the periods during which Options may be exercised and to accelerate the exercisability of outstanding Options or the vesting of Restricted Stock awards, as it may deem
appropriate; (iv) to modify, cancel, or replace any prior Options or Restricted Stock awards and to amend the Grant Agreements with the consent of the affected Participants, including amending such agreements to amend vesting schedules or
increase the Option Price for Options, as it may deem to be necessary; and (v) to interpret the Plan, to adopt, amend and rescind rules and regulations relating to the Plan, and to make all other determinations and to take all other action
necessary or advisable for the implementation and administration of the Plan. 
 (c) All actions taken by the Board of Directors shall be
final, conclusive and binding upon any eligible Participant. No member of the Board of Directors shall be liable for any action taken or decision made in good faith relating to the Plan or any award thereunder. 
 XII. Amendment and Termination. 
 12.1
Amendment or Termination of the Plan. The Board of Directors may at any time terminate this Plan or any part thereof and may from time to time amend this Plan as it may deem advisable; provided, however the Board of Directors shall obtain
stockholder approval of any amendment for which stockholder approval is required under the stockholder approval requirements imposed on the Company by the Listing Rules of any stock exchange on which the Common Stock is listed, including an
amendment which would (i) increase the aggregate number of shares of Common Stock which may be issued under this Plan (other than increases permitted under Section 7.2), (ii) extend the term of this Plan, or (iii) extend the
period during which an Option may be exercised beyond ten years. The termination or amendment of this Plan shall not, without the consent of the affected Participant, affect such Participant’s rights under an award previously granted.

 12.2 Term of Plan. Unless previously terminated pursuant to Section 12.1, the Plan shall terminate on October 7, 2015,
the tenth anniversary of the date on which the Plan became effective, and no Options or awards of Restricted Stock may be granted under this Plan on or after such date. 
  

 15Andrew J. Norstrud Employment Agreement

 Exhibit 10.3 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the “Agreement”) is made and
entered into effective as of the twenty ninth day of December, 2005, by and between JAGGED PEAK, INC., a corporation organized under the laws of Nevada (the “Company”), and Andrew J. Norstrud, an individual (“Executive”),
residing in Tampa, Florida. 
 W I T N E S S E T H: 
 WHEREAS, the Company provides technology solutions and related services, including without limitation supply chain, E-fulfillment, and distributive order management (such activities, together with all other activities
of the Company and its subsidiaries, as conducted at or prior to the termination of this Agreement, and any future activities reasonably related thereto which are contemplated by the Company and/or its subsidiaries at the termination of this
Agreement identified in writing by the Company to Executive at the date of such termination, are hereinafter referred to as the “Business Activities”); 
 WHEREAS, the Company desires to employ Executive upon the terms and subject to the terms and conditions set forth in this Agreement; and, 
 WHEREAS, Executive desires to be employed by the Company upon the terms and subject to the conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises, the mutual promises, covenants and conditions herein contained and for other good and valuable considerations, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto intending to be legally bound hereby agree as follows: 
 Section 1. Employment. The Company
hereby employs Executive, and Executive hereby accepts employment with the Company, all upon the terms and subject to the conditions set forth in this Agreement. 
 Section 2. Capacity and Duties. Executive is and shall be employed in the capacity of Chief Financial Officer of the Company and shall have such duties, responsibilities and authorities as are assigned to
him by the Board of Directors and the Chief Executive Officer of the Company (the “Board”). Subject to the control and general directions of, and the general policies and guidelines established, by the Board and except as otherwise herein
provided, Executive shall devote such of his business time, best efforts and attention as necessary to promote and advance the business of the Company and its subsidiaries and to perform diligently and faithfully all the duties, responsibilities and
obligations of Executive to be performed by him under this Agreement. Executive’s duties shall include the general supervision of the accounting and information technology departments of the Company and ongoing management and oversight of the
general business operations of the Company and its subsidiaries. 

 Section 3. Term of Employment. The initial term of employment of Executive by the Company
pursuant to this Agreement shall be for the period (the “Initial Term”) commencing on October 10, 2005, and terminating on December 29, 2007, or such earlier date that Executive’s employment is terminated in accordance with
the provisions of this Agreement. The Initial Term automatically shall be extended for successive additional one year periods (each, an “Extended Term”) unless written notice is given by either party to the other party no later than 30
days prior to the expiration of the Initial Term or any Extended Term. (The Initial Term, together with each and any Extended Term, is sometimes hereinafter called the “Employment Period”). 
 Section 4. Place of Employment. Executive’s principal place of work shall be located at the principal offices of the Company in Tampa,
Florida. 
 Section 5. Compensation. During the Employment Period, subject to all the terms and conditions of this Agreement and
as compensation for all services to be rendered by Executive under this Agreement, the Company shall pay to or provide Executive with the following: 
 5.01 Base Salary. The Company shall compensate Executive during the Initial Term for his services hereunder with a base annual salary of One Hundred and Twenty Five Thousand and No Dollars ($125,000.00),
payable at such intervals (at least biweekly), net of applicable federal state and local taxes of any kind required by law to be withheld with respect to such payment, as salaries are paid generally to other executive officers of the Company.
Executive’s salary will be adjusted on an annual basis for the first and each successive Extended Term, with a minimum of a Ten Thousand and No Dollar ($10,000.00) increase per annum. The Company shall give notice to Executive of any such
adjustment no later than 45 days prior to the expiration of the Initial Term or any Extended Term. It is agreed that if the Company and Executive agree to lower the biweekly compensation for a period of time while the Company is experiencing a
financial hardship there will be no back pay due. 
 5.02 Bonus. The Executive shall be entitled to an annual cash
bonus of up to 30% of his base salary per year, based on criteria established by the Chief Executive officer and subject to the approval of the Compensation Committee of the Board. In addition, the Company may pay to Executive additional cash or
other bonuses on an annual or other basis in the sole discretion of the Compensation Committee of the Board and Executive shall become a participant in any incentive compensation or bonus plan adopted by the Board for any highly compensated officers
or other significant employees of the Company on such terms as shall be determined by the Compensation Committee of the Board. Any amounts paid or payable to or on behalf of Employee shall be prorated through the Date of Termination. 
 5.03 Other Benefits. The Company shall provide Executive with the other benefits specified on Exhibit 5.03 attached hereto.

 Section 6. Adherence to Standards; Review of Performance. Executive shall comply with the written policies,
standards, rules and regulations of the Company from time to time 
  

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 established for all executive officers of the Company. The Board and/or the Chief Executive Officer of the Company shall
periodically review and evaluate the performance of Executive under this Agreement with Executive. 
 Section 7. Expenses. The
Company shall reimburse Executive for all reasonable, ordinary and necessary expenses (including, but not limited to, automobile and other business travel and customer entertainment expenses) incurred by him in connection with his employment
hereunder in accordance with Company policy; provided, however, Executive shall render to the Company a complete and accurate accounting of all such expenses in accordance with the substantiation requirements of Section 274 of the Internal
Revenue Code of 1986, as amended (the “Code”), as a condition precedent to such reimbursement. 
 Section 8. Termination
Following a Change in Control. 
 8.01 In the event that a “Change in Control” of the Company shall occur at any
time during the Term hereof, Executive shall have the right to terminate his employment under this Agreement upon thirty (30) days written notice given at any time within twelve (12) months after the occurrence of such event. In such
event, or if the Company terminates Executive’s employment at any time other than for Cause within twelve (12) months following a Change in Control, then in either such event, Executive shall be entitled to (a) vesting of all options;
and (b) continuation of his annual base salary plus any bonus or incentive compensation which has been earned or has become payable pursuant to the terms of any compensation or benefit plan as of such date but which has not yet been paid, and
all benefits pursuant to Section 5 of this Agreement, for the greater of the then current term of the Employment Period, or twelve (12) months. 
 8.02 For purposes of this Agreement, a “Change in Control” shall include any of the events described below: 
 (a) Any one person, or more than one person acting as a group (as determined under Subsection (d) below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by
such person or persons) ownership of Common Stock of the Company possessing 35 percent or more of the total voting power of the outstanding equity securities of the Company; or 
 (b) a majority of members of the Board of Directors is replaced during any 12-month period by members whose appointment or election is not
endorsed by a majority of the members of the Company’s Board of Directors prior to the date of the appointment or election; or 
 (c) any one person, or more than one person acting as a group (as determined in Subsection (e) below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately prior to such 
  

 - 3 - 

 acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of
the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
 8.03 Anything herein to the contrary notwithstanding, Section 8.01 will not apply where Executive gives his explicit written waiver stating that for the purposes of Section 8.01 a Change in Control shall not be deemed to have
occurred. Executive’s participation in any negotiations or other matters in relation to a Change in Control shall in no way constitute such a waiver which can only be given by an explicit written waiver as provided in the preceding sentence.

 Notwithstanding the foregoing, no Change in Control shall be considered to have occurred for purposes of this Agreement by reason of any issuance of
Common Stock or other equity securities of the Company in any public offering or private placement approved by the Board of Directors, by reason of the issuance of Common Stock upon the exercise of warrants or any convertible securities which were
approved by the Board of Directors, or by reason of a change in the composition of the Board of Directors resulting from the appointment of one or more directors pursuant to Board representation rights granted to a venture capital fund or similar
investor. Further, no Change in Control shall be considered to have occurred by reason of a transfer of Common Stock or assets of the Company to the members of the Company or to another entity that is controlled by the members of the Company
immediately after the transfer. 
 For purposes of this Section 8, persons will not be considered to be acting as a group solely because
they purchase assets or purchase or own equity securities of the same firm at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation or limited
liability company that enters into a merger, consolidation, purchase or acquisition of stock, purchase or acquisition of assets, or similar business transaction with the Company. 
 Section 9. Termination with Cause by the Company. This Agreement may be terminated with Cause (as hereinafter defined) by the Company
provided that the Company shall (i) give Executive the Notice of Termination (as hereinafter defined), and (ii) pay Executive his annual base salary through the Termination Date (as hereinafter defined) at the rate in effect at the time
the Notice of Termination is given, plus any bonus or incentive compensation which has been earned or has become payable pursuant to the terms of any compensation or benefit plan as of the Termination Date, but which has not yet been paid.
Notwithstanding the foregoing, if Executive is terminated with Cause pursuant to Section 11.02(ii) and, subsequently, charges are dropped, Executive is found not guilty or otherwise cleared of wrongdoing, before or after trial or following
appeal, then in such event, the Company shall promptly thereupon recommence payments to Executive (or to his estate in the event of Executive’s death) in the amount of the compensation and other benefits described in Section 5 of this
Agreement for a period of twelve (12) months, increased by such amount as may be necessary to make Executive whole for any incremental taxes due as a result of such continuance of payments. 
  

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 Section 10. Termination without Cause by the Company; Termination by Executive; Non-Renewal.
This Agreement may be terminated by (i) the Company by reason of the death or Disability (as hereinafter defined) of Executive or for no reason at all, (ii) Executive for Good Reason (as hereinafter defined), or (iii) Executive for no
reason at all. If this Agreement is terminated pursuant to either of subsections (i) or (ii) of this Section 10, the Company shall continue to pay to Executive (or to his estate in the event of termination due to Executive’s
death) the compensation and other benefits described in Section 5 of this Agreement for the greater of through the last day of the then current term of the Employment Period or twelve (12) months, plus any bonus or incentive compensation
which has been earned or has become payable pursuant to the terms of any compensation or benefit plan as of such date but which has not yet been paid. If this Agreement is terminated pursuant to subsection (iii) of this Section 10 or is
not renewed by mutual agreement of the parties at the expiration of the Initial Term or any Extended Term, the Company shall be required to pay to Executive only his annual base salary through the last day of actual employment, plus any bonus or
incentive compensation which has been earned or has become payable pursuant to the terms of any compensation or benefit plan as of such date but which has not yet been paid. 
 Executive’s right to terminate his employment for Good Reason shall not be affected by his incapacity due to physical or mental illness. In the
event of termination by reason of Executive’s death or Disability, medical, hospitalization or disability benefits coverage comparable to those provided by the Company during Executive’s lifetime shall be provided to his spouse and
dependents for the remaining term of this Agreement. The benefits provided under this Section 10 shall not be less favorable to Executive in terms of amounts, deductibles and costs to him, if any, than such benefits provided by the Company to
him and his dependents as of the Termination Date. This Section 10 shall not be interpreted so as to limit any benefits to which Executive, as a terminated employee of the Company, or his family may be entitled under the Company’s life
insurance, medical, hospitalization or disability plans following his Termination Date or under applicable law. 
 Section 11.
Definitions. In addition to the words and terms elsewhere defined in this Agreement, certain capitalized words and terms used in this Agreement shall have the meanings given to them by the definitions and descriptions in this Section 11
unless the context or use indicates another or different meaning or intent, and such definition shall be equally applicable to both the singular and plural forms of any of the capitalized words and terms herein defined. The following words and terms
are defined terms under this Agreement: 
 11.01 “Disability” shall mean a physical or mental illness which, in the
judgment of the Company after consultation with the licensed physician attending Executive, impairs Executive’s ability to substantially perform his duties under this Agreement as an employee and as a result of which he shall have been absent
from his duties with the Company on a full-time basis for six consecutive months. 
 11.02 A termination with
“Cause” shall mean a termination of this Agreement by reason of (i) Executive’s conviction of a felony or a crime involving moral turpitude or any other crime involving dishonesty, disloyalty or fraud with respect to the Company;

  

 - 5 - 

 (ii) Executive’s arrest or indictment of any lesser crime or offense committed in connection with
the performance of Executive’s duties hereunder; or (iii) a good faith determination by the Board that Executive (a) failed or refused to substantially perform his duties with the Company (other than a failure resulting from his
incapacity due to physical or mental illness) after a written demand for substantial performance has been delivered to him by the Board, which demand specifically identifies the manner in which the Board believes he has not substantially performed
his duties and provides a ten (10) day cure period, and Executive continues to refuse or fail to substantially perform as directed by the Board through the duration of the cure period; or (b) Executive’s breach of any of the covenants
set forth in Sections 15, 16 or 18 hereof. No act, or failure to act, on Executive’s part shall be grounds for termination with Cause unless he has acted or failed to act with an absence of good faith or without a reasonable belief that his
action or failure to act was in or at least not opposed to the best interests of the Company. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated with Cause unless there shall have been delivered to him a copy of a
resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board (exclusive of Executive) at a meeting of the Board called and held for the purpose of terminating Executive (after reasonable notice to
Executive and opportunity for him, together with his counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive failed to perform his duties or engaged in conduct in the manner or of the type set forth
above in the first sentence of this Section 11.02 and specifying the particulars thereof in detail. 
 11.03 “Good
Reason” shall mean the occurrence of any of the following events without Executive’s prior express written consent: (i) any material change in his status, title, authorities or responsibilities (including reporting responsibilities)
under this Agreement which represents a demotion from such status, title, position or responsibilities (including reporting responsibilities); the assignment to him of any duties or work responsibilities which are materially inconsistent with his
status, title, position or work responsibilities set forth in this Agreement or which are materially inconsistent with the status, title, position or work responsibilities of a Chief Financial Officer of a publicly-traded corporation; or any removal
of Executive from, or failure to appoint, elect, reappoint or reelect Executive to, any of such positions, except in connection with the termination of his employment with Cause, or as a result of his death or Disability; provided,
however, that no change in title, authorities or responsibilities customarily attributable solely to the Company ceasing to be a publicly traded corporation shall constitute Good Reason hereunder; (ii) the relocation of the principal
office of the Company or the reassignment of Executive to a location more than thirty (30) miles from Tampa, Florida; (iii) the failure by the Company to continue Executive’s participation in any incentive, bonus or other compensation
plan in which Executive participates, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to the failure to continue such plan, or any action by the Company which would directly or
indirectly materially reduce his participation therein or reward opportunities thereunder; provided, however, that Executive continues to meet all eligibility requirements thereof; (iv) any other material breach by the Company of any provision
of this Agreement; (v) the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to 
  

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 perform this Agreement, as contemplated in Section 21 hereof; (vi) the termination of
employment by the Executive required for statutory or ethical reasons based on his status as a Certified Public Accountant; or (vii) any purported termination of Executive’s employment which is not effected pursuant to a Notice of
Termination satisfying the requirements of this Agreement; and for purposes of this Agreement, no such purported termination shall be effective. 
 11.04 Notice of Termination. “Notice of Termination” shall mean a written notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated; provided, however, no such purported termination shall be effective without such Notice of Termination;
provided further, however, any purported termination by the Company or by Executive shall be communicated by a Notice of Termination to the other party hereto in accordance with Section 4 of this Agreement. 
 11.05 Termination Date. “Termination Date” shall mean the date specified in the Notice of Termination (which, in the case
of a termination pursuant to Section 9 of this Agreement shall not be less than 60 days, and in the case of a termination pursuant to Section 10 of this Agreement shall not be more than 60 days, from the date such Notice of Termination is
given); provided, however, that if within 30 days after any Notice of Termination is given the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Termination Date shall be the
date finally determined by either mutual written agreement of the parties or by the final judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been taken). 
 Section 12. Fees and Expenses. The Company shall pay all legal fees and related expenses (including the costs of experts, evidence and
counsel) incurred by Executive as a result of a contest or dispute over Executive’s termination of employment if such contest or dispute is resolved in Executive’s favor. 
 Section 13. Notices. For the purposes of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when personally delivered or sent by certified mail, return receipt requested, postage prepaid, or by expedited (overnight) courier with established national reputation, shipping prepaid or billed
to sender, in either case addressed to the respective addresses last given by each party to the other (provided that all notices to the Company shall be directed to the attention of the Board with a copy to the Secretary of the Company) or to such
other address as either party may have furnished to the other in writing in accordance herewith. All notices and communication shall be deemed to have been received on the date of delivery thereof, on the third business day after the mailing
thereof, or on the second day after deposit thereof with an expedited courier service, except that notice of change of address shall be effective only upon receipt. 
  

 - 7 - 

 Section 14. Life Insurance. The Company may, at any time after the execution of this
Agreement, apply for and procure as owner and for its own benefit, life insurance on Executive, in such amounts and in such form or forms as the Company may determine. Executive shall, at the request of the Company, submit to such medical
examinations, supply such information, and execute such documents as may be required by the insurance company or companies to whom the Company has applied for such insurance. Executive hereby represents that to his knowledge he is in excellent
physical and mental condition and is not under the influence of alcohol, drugs or similar substance. 
 Section 15. Proprietary
Information and Inventions. Executive understands and acknowledges that: 
 15.01 Trust. Executive’s
employment creates a relationship of confidence and trust between Executive and the Company with respect to certain information applicable to the business of the Company and its subsidiaries (collectively, the “Group”) or applicable to the
business of any vendor or customer of any of the Group, which may be made known to Executive by the Group or by any vendor or customer of any of the Group or learned by Executive during the Employment Period. 
 15.02 Proprietary Information. The Group possesses and will continue to possess information that has been created, discovered, or
developed by, or otherwise become known to, the Group (including, without limitation, information created, discovered, developed or made known to by Executive during the period of or arising out of my employment by the Company) or in which property
rights have been or may be assigned or otherwise conveyed to the Group, which information has commercial value in the business in which the Group is engaged and is treated by the Group as confidential. Except as otherwise herein provided, all such
information is hereinafter called “Proprietary Information,” which term, as used herein, shall also include, but shall not be limited to, data, functional specifications, computer programs, know-how, research, technology, improvements,
developments, designs, marketing plans, strategies, forecasts, new products, unpublished financial statements, budgets, projections, licenses, franchises, prices, costs, and customer, supplier and potential acquisition candidates lists.
Notwithstanding anything contained in this Agreement to the contrary, the term “Proprietary Information” shall not include (i) information which is in the public domain, (ii) information which is published or otherwise becomes
part of the public domain through no fault of Executive, (iii) information which Executive can demonstrate was in Executive’s possession at the time of disclosure and was not acquired by Executive directly or indirectly from any of the
Group on a confidential basis, (iv) information which becomes available to Executive on a non-confidential basis from a source other than any of the Group and which source, to the best of Executive’s knowledge, did not acquire the
information on a confidential basis, or (v) information required to be disclosed by any federal or state law, rule or regulation or by any applicable judgment, order or decree or any court or governmental body or agency having jurisdiction in
the premises. 
 All Proprietary Information shall be the sole property of the Group and their respective assigns. Executive assigns to the Company any
rights Executive may have or acquire in such Proprietary 
  

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 Information. At all times, both during Executive’s employment by the Company and after its termination, Executive
shall keep in strictest confidence and trust all Proprietary Information, and Executive shall not use or disclose any Proprietary Information without the written consent of the Group, except as may be necessary in the ordinary course of performing
Executive’s duties as an Executive of the Company. 
 Section 16. Surrender of Documents; No Disparagement. Executive shall,
at the request of the Company, promptly surrender to the Company or its nominee any Proprietary Information or document, memorandum, record, letter or other paper in his possession or under his control relating to the operation, business or affairs
of the Group. The Company and Executive further agree that neither during the Employment Period or at any time thereafter, neither the Company or Executive will in any way disparage the other. 
 Section 17. Other Agreements. Executive represents and warrants that Executive’s performance of all the terms of this Agreement and as
an Executive of the Company does not, and will not, breach any agreement to keep in confidence proprietary information acquired by Executive in confidence or in trust prior to Executive’s employment by the Company. Executive has not entered
into, and shall not enter into, any agreement, either written or oral, which is in conflict with this Agreement or which would be violated by Executive entering into, or carrying out his obligations under, this Agreement. 
 Section 18. Restrictive Covenant. Executive acknowledges and recognizes Executive’s possession of Proprietary Information and the highly
competitive nature of the business of the Group and, accordingly, agrees that in consideration of the premises contained herein Executive will not, during the period of Executive’s employment by the Company and for the period ending on the
second anniversary of the Termination Date, anywhere in the United States, directly or indirectly (i) engage in any competitive Business Activities, whether such engagement shall be as an employer, officer, director, owner, employee,
consultant, stockholder, partner or other participant in any competitive Business Activities; (ii) assist others in engaging in any competitive Business Activities in the manner described in the foregoing clause (i); (iii) solicit,
induce or influence any employee of the Company to terminate his or her employment with the Company or engage in any competitive Business Activities on behalf of a person other than the Company; or (iv) solicit, induce or influence any
consultant, customer or vendor of the Company to terminate, discontinue, reduce or limit its business with the Company; provided, however, that the ownership of no more than two percent of the outstanding capital stock of a corporation whose shares
are traded on a national securities exchange or on the over-the-counter market shall not be deemed engaging in any competitive Business Activities. For purposes of this Section 18, a person shall be deemed to be an “employee,”
“consultant,” “customer” or “vendor” of the Company, if such person had an employment, consulting or business relationship, as applicable, with the Company during the Initial Term or any Extended Term of this Agreement.

 Section 19. Remedies. Executive acknowledges and agrees that the Company’s remedy at law for a breach or a threatened
breach of the provisions herein would be inadequate, and in recognition of this fact, in the event of a breach or threatened breach by Executive of any of Sections 15, 16, 17 or 18 of this Agreement, it is agreed that the Company shall be entitled
to 
  

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 equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction
or any other equitable remedy which may then be available, without posting bond or other security. Executive acknowledges that the granting of a temporary injunction, a temporary restraining order or other permanent injunction merely prohibiting
Executive from engaging in any Business Activities would not be an adequate remedy upon breach or threatened breach of this Agreement, and consequently agrees upon any such breach or threatened breach to the granting of injunctive relief prohibiting
Executive from engaging in any activities prohibited by this Agreement. No remedy herein conferred is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given
hereunder now or hereinafter existing at law or in equity or by statute or otherwise. 
 Section 20. Successive Employment
Notice. Within five business days after the Termination Date, Executive shall provide notice to the Company of Executive’s next intended employment. If such employment is not known by Executive at such date, Executive shall notify the
Company immediately upon determination of such information. Executive shall continue to provide the Company with notice of Executive’s place and nature of employment and any change in place or nature of employment during the period ending two
years after the Termination Date. Failure of Executive to provide the Company with such information in an accurate and timely fashion shall be deemed to be a breach of this Agreement and shall entitle the Company to all remedies provided for in this
Agreement as a result of such breach. 
 Section 21. Successors. This Agreement shall be binding on the Company and any successor
to any of its businesses or assets. Without limiting the effect of the prior sentence, the Company shall use its best efforts to require any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had
taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor or assign to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement or which is
otherwise obligated under this Agreement by the first sentence of this Section 21, by operation of law or otherwise. 
 Section 22.
Binding Effect. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Executive should die
while any amounts would still be payable to him hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive’s estate. 
 Section 23. Modification and Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or
discharge is agreed to in writing and signed by Executive and such officer as may be specifically designated by the Board. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 
  

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 Section 24. Headings. Headings used in this Agreement are for convenience only and shall not
be used to interpret or construe its provisions. 
 Section 25. Amendments. No amendments or variations of the terms and
conditions of this Agreement shall be valid unless the same is in writing and signed by each of the parties hereto. 
 Section 26.
Severability. The invalidity or unenforceability of any provision of this Agreement, whether in whole or in part, shall not in any way affect the validity or enforceability of any other provision herein contained. Any invalid or unenforceable
provision shall be deemed severable to the extent of any such invalidity or unenforceability. It is expressly understood and agreed that, while the Company and Executive consider the restrictions contained in this Agreement reasonable for the
purpose of preserving for the Company the goodwill, other proprietary rights and intangible business value of the Company, if a final judicial determination is made by a court having jurisdiction that the time or territory or any other restriction
contained in this Agreement is an unreasonable or otherwise unenforceable restriction against Executive, the provisions of such clause shall not be rendered void but shall be deemed amended to apply as to maximum time and territory and to such other
extent as such court may judicially determine or indicate to be reasonable. 
 Section 27. Governing Law; Venue. This Agreement
shall be construed and enforced pursuant to the laws of the State of Florida, excluding its choice of law provisions. Both parties submit to the jurisdiction of the United States District Court, District of Florida at Tampa, and the Circuit Court in
and for Hillsborough County, Florida, as the exclusive proper forum in which to adjudicate any case or controversy arising hereunder. The prevailing party shall be entitled to an award of its reasonable attorneys’ fees incurred in connection
with any such judicial proceedings. 
 Section 28. Counterparts. This Agreement may be executed in more than one counterpart and
each counterpart shall be considered an original. 
 Section 29. Exhibits. The Exhibits attached hereto are incorporated herein
by reference and are an integral part of this Agreement. 
 IN WITNESS WHEREOF, this Agreement has been duly executed by the Company and
Executive in four counterparts as of the date first above written. 
  

			
	JAGGIE PEAK, INC.
		
	By:	 	  

		 	Paul Demirdjian
		 	Chief Executive Officer
	
	EXECUTIVE
	
	  

  

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 EXHIBIT 5.03 - Other Benefits 
 1. Vacation and Holidays. Executive shall be entitled to a vacation allowance as mutually agreed between Executive and the Board of Directors;
provided, however, Executive shall be entitled to vacation of at least four weeks annually, with the timing of such vacation to be selected by Executive, provided that such timing does not unreasonably interfere with the performance of
Executive’s duties under the Agreement. The vacation allowance does not include holidays observed by the Company. 
 2. Incentive
Compensation and Bonus Plans. Executive shall become a participant in any incentive compensation or bonus plan adopted by the Board for any highly compensated officers and other significant employees of the Company, such participation to be on
such terms as the Compensation Committee of the Board in its discretion shall determine. Any amounts paid or payable to or on behalf of Executive shall be prorated through the Termination Date. 
 3. Expense Allotment. In addition to any base salary compensation the Company shall pay to the Executive One thousand One hundred and No Dollars
($1,100) per month net of applicable federal state and local taxes of any kind required by law to be withheld with respect to such payment 
 4. Medical Insurance. The Company shall provide Executive and his dependents with medical and health insurance coverage in such amounts as are presently provided or may hereafter be provided to the executive officers of the Company.
If the Executive elects to not enroll in the Company’s medical insurance, the Company will pay the executive $400.00 per month. 
 5.
Disability Insurance. The Company shall provide Executive with disability insurance coverage in such amounts as are presently provided or may hereafter be provided to the executive officers of the Company. 
 6. Stock Options. The Company shall grant the Executive One Hundred Thousand (100,000) options at $.75 per share on the Executives first day
of employment. The Executive will be granted One Hundred Thousand (100,000) additional options at One dollar ($1.00) per share on December 29, 2005. 
 The Company may grant to the Executive stock or additional stock options on an annual or other basis in the sole discretion of the Compensation Committee of the Board. 
 7. Other Benefits. The Company shall provide Executive with any and all other benefits that generally become available to the executive officers
and other significant employees of the Company.

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