Document:

EX-10.5

 Exhibit 10.5 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”), effective as of December 7, 2018 (the “Effective
Date”), is entered into by and between Psyop Productions, LLC, a Delaware limited liability company (“Psyop Productions”), Psyop Media Company, LLC a Delaware limited liability company
(“Psyop Media” and, together with Psyop Productions, the “Company”) and Hunt Ramsbottom (the “Executive”). 

WHEREAS, the Executive is currently serving as Interim President and Interim Chief Executive Officer of the Company; 

WHEREAS, the Company desires to employ the Executive and to enter into an agreement embodying the terms of such employment; and 

WHEREAS, the Executive desires to accept such employment with the Company, subject to the terms and conditions of this Agreement. 

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 

1.    Employment Period. Subject to the provisions for earlier termination hereinafter provided, the
Executive’s employment hereunder shall be for a term (the “Employment Period”) commencing on the Effective Date and ending on the six-month anniversary of the Effective Date (the
“Initial Termination Date”). If not previously terminated in accordance with this Agreement, the Employment Period automatically shall be extended for an additional six-month period on
the Initial Termination Date and on each subsequent six-month anniversary of the Initial Termination Date, unless either party elects not to so extend the Employment Period by notifying the other party, in
writing, of such election (a “Non-Renewal”) not less than 60 days prior to the last day of the Initial Termination Date or applicable subsequent
six-month anniversary thereof. Notwithstanding the foregoing, in the event an IPO Event or an Equity Investment occurs during the Employment Period, the Employment Period automatically shall be extended until
the third anniversary of the IPO Event or Equity Investment (as applicable), and any references to the “Initial Termination Date” in this Section 1 shall refer to such third anniversary. Such extension shall only apply to the first to
occur of an IPO Event or an Equity Investment. The Executive’s employment hereunder is terminable at will by the Company or by the Executive at any time (for any reason or for no reason), subject to the provisions of Section 4 hereof. 

2.    Terms of Employment. 

(a)    Position and Duties. 

(i)    Role and Responsibilities. During the Employment Period, the Executive shall serve as
President and Chief Executive Officer (“CEO”) of the Company, and shall perform such employment duties as are usual and customary for such positions. The Executive shall report directly to the Board. At the Company’s
request, the Executive shall serve the Company and/or its subsidiaries and affiliates in other capacities in addition to the foregoing, consistent with the Executive’s position as President and CEO of the Company. In the event that the
Executive, during the Employment Period, serves in any one or more of such additional capacities, the Executive’s compensation shall not be increased beyond that specified in Section 2(b) hereof. In addition, in the event the
Executive’s service in one or more of such additional capacities is terminated, the Executive’s compensation, as specified in Section 2(b) hereof, shall not be diminished or reduced in any manner as a result of such termination
provided that the Executive otherwise remains employed under the terms of this Agreement. 

 (ii)    Exclusivity. During the Employment
Period, and excluding any periods of leave to which the Executive may be entitled, the Executive agrees to devote his full business time and attention to the business and affairs of the Company. Notwithstanding the foregoing, during the Employment
Period, it shall not be a violation of this Agreement for the Executive to: (A) serve on boards, committees or similar bodies of charitable or nonprofit organizations, (B) fulfill limited teaching, speaking and writing engagements, and
(C) manage his personal investments, in each case, so long as such activities do not individually or in the aggregate materially interfere or conflict with the performance of the Executive’s duties and responsibilities under this
Agreement; provided, that with respect to the activities in subclauses (A) and/or (B), the Executive receives prior written approval from the Board. 

(iii)    Principal Location. During the Employment Period, the Executive shall perform the services
required by this Agreement at the Company’s principal offices located in Los Angeles, California (the “Principal Location”), except for travel to other locations as may be necessary to fulfill the Executive’s duties
and responsibilities hereunder. 
 (b)    Compensation, Benefits, Etc. 

(i)    Base Salary. During the Employment Period, the Executive shall receive a base salary (the
“Base Salary”) of $450,000 per annum; provided, however, that following an IPO Event the Base Salary automatically shall be increased to $500,000 per annum effective as of the IPO Event. The Base Salary shall be
reviewed annually by the Board or a subcommittee thereof and may be increased from time to time by the Board or such subcommittee in its discretion. The Base Salary shall be paid in accordance with the Company’s normal payroll practices for
executive salaries generally, but no less often than monthly. The Base Salary may be increased in the discretion of the Board or such subcommittee, but not reduced, and the term “Base Salary” as utilized in this Agreement shall refer to
the Base Salary as so increased. 
 (ii)    2018 Annual Cash Bonus. For calendar year 2018, the
Executive shall be eligible to earn a cash performance bonus (the “2018 Bonus”) in an amount determined based on the achievement of performance goals as set forth on Exhibit A attached hereto. Payment of the 2018
Bonus, to the extent any 2018 Bonus becomes payable, will be contingent upon the Executive’s continued employment through December 31, 2018, and will be made on the date on which annual bonuses are paid generally to the Company’s
senior executives, but in no event later than March 15, 2019. Notwithstanding anything to the contrary contained herein, the Board shall not be precluded from awarding the Executive a discretionary bonus with respect to calendar year 2018. 

(iii)    Post-2018 Annual Cash Bonus. For each calendar year ending during the Employment Period
following calendar year 2018, the Executive shall be eligible to earn a cash performance bonus (an “Annual Bonus”) under the Company’s bonus plan or program applicable to senior executives. The actual amount of any
Annual Bonus shall be determined by the Board (or a subcommittee thereof) in its discretion, based on the achievement of performance goals developed in consultation with the Executive. The payment of any Annual Bonus, to the extent any Annual Bonus
becomes payable, will be contingent upon the Executive’s continued employment through December 31st of the applicable calendar year, and will be made on the date on which annual bonuses are paid generally to the Company’s senior
executives, but in no event later than March 15th of the calendar year following the calendar year in which such Annual Bonus was earned.    Notwithstanding anything to the contrary contained herein, the Board shall not be
precluded from awarding the Executive a discretionary bonus with respect to any calendar year following 2018. 

  
 2 

 (iv)     Special IPO Bonus. In addition, if an
IPO Event occurs during the Employment Period, the Executive remains in continuous service with the Company until the IPO Event and, in connection with such IPO Event, a minimum of 20% of
PubCo’s outstanding common stock (measured as of immediately following the closing of the IPO Event) is sold at an Enterprise Valuation of greater than or equal to $30,000,000 (the “Special IPO Bonus Threshold”), the
Company shall pay the Executive a cash bonus equal to $350,000, which shall be payable within 15 calendar days following such IPO Event. In the event the Special IPO Bonus Threshold is not achieved in connection with an IPO Event, the Company and
the Executive agree to negotiate in good faith regarding a bonus payment to the Executive. 

(v)    Equity Award. 

(A)    Initial Equity Grant. On or as soon as reasonably practicable following the Effective Date,
and provided the Executive is employed by the Company on the date of grant, Psyop Media shall grant to the Executive, pursuant to that certain Third Amended and Restated Limited Liability Company Agreement of Psyop Media, LLC, dated as of
August 1, 2014 (as amended from time-to-time, the “LLC Agreement”), an award of Class C Units (as defined in the LLC Agreement) (the
“Class C Unit Award”) equal to 3% of the fully diluted outstanding units of the Company on the date of grant. The parties intend for the Class C Units underlying the Class C Unit
Award to be “profits interests” within the meaning of the Code and Revenue Procedure 93-27, 1993-2 C.B. 343, as clarified by Revenue Procedure 2001-43, 2001-2 C.B. 191. Subject to the Executive’s continued service with the Company through the applicable vesting date, the Class C Unit Award will vest in full
on the earlier to occur of an IPO Event and an Equity Investment. The Class C Unit Award shall be evidenced by a separate award agreement (the “Award Agreement”) in a form prescribed by Psyop Media, to be entered into by
Psyop Media and the Executive. The Class C Unit Award shall be subject to the terms and conditions, including, without limitation, any distribution threshold and transfer restrictions, set forth in the LLC Agreement and the Award Agreement.

 (B)    IPO Equity Grant. In addition to the Class C Unit Award, in connection with an IPO
Event PubCo shall grant to the Executive an option to purchase a number of shares of PubCo’s common stock representing up to 4% of the fully diluted capitalization of PubCo (but excluding, for the avoidance of doubt, any warrants and/or stock
options that have an exercise or strike price greater than or equal to the IPO Price) as of the closing of the IPO Event (the “IPO Option”). It is expected that the IPO Option will be granted after the effectiveness of
PubCo’s registration statement relating to its initial public offering and prior to the first date upon which PubCo’s common stock is listed upon notice of issuance on any securities exchange or designated upon notice of issuance as a
national market security on an interdealer quotation system, subject to the Executive’s continued service with the Company until the applicable grant date. The IPO Option shall vest and become exercisable based on the attainment of Price Per
Share goals, as set forth on Exhibit B, and further subject to the Executive’s continued service through the applicable vesting date. The IPO Option shall be evidenced by, and subject to the terms and conditions set forth in, a separate
award agreement in a form prescribed by PubCo, to be entered into by PubCo and the Executive. 

  
 3 

 (vi)    Benefits. During the Employment Period,
the Executive (and the Executive’s spouse and/or eligible dependents to the extent provided in the applicable plans and programs) shall be eligible, at the sole cost of the Company, to participate in and be covered under the health and welfare
benefit plans and programs maintained by the Company for the benefit of its employees from time to time, pursuant to the terms of such plans and programs including any medical, life, hospitalization, dental, disability, accidental death and
dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in any retirement, savings and other employee benefit plans and programs maintained from time to
time by the Company for the benefit of its senior executive officers. Nothing contained in this Section 2(b)(vi) shall create or be deemed to create any obligation on the part of the Company to adopt or maintain any health, welfare, retirement
or other benefit plan or program at any time or to create any limitation on the Company’s ability to modify or terminate any such plan or program. 

(vii)    Expenses. During the Employment Period, the Executive shall be entitled to receive prompt
reimbursement for all reasonable business expenses incurred by the Executive in accordance with the policies, practices and procedures of the Company provided to employees of the Company. 

(viii)    Fringe Benefits. During the Employment Period, the Executive shall be eligible to receive
such fringe benefits and perquisites as are provided by the Company to its employees from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as
the Company may, in its discretion, from time-to-time provide. 

(ix)    Vacation. During the Employment Period, the Executive shall not be entitled to a fixed
number of paid vacation or sick days per year, and therefore, no vacation or sick days shall accrue. As a salaried employee, the Company expects the Executive to use the Executive’s judgment to take time off from work for vacation or other
personal time in a manner consistent with getting the Executive’s work done in a timely fashion, providing excellent service to the Company’s customers and partners and avoiding inconveniencing the Executive’s co-workers. 
 3.    Termination of Employment. 

(a)    Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s
death during the Employment Period. Either the Company or the Executive may terminate the Executive’s employment in the event of the Executive’s Disability during the Employment Period. 

(b)    Termination by the Company. The Company may terminate the Executive’s employment during the Employment
Period for Cause or without Cause, or by reason of a Non-Renewal of the Employment Period. 

(c)    Termination by the Executive. The Executive’s employment may be terminated by the Executive for any
reason, including with Good Reason or by the Executive without Good Reason, or by reason of a Non-Renewal of the Employment Period. 

(d)    Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason, shall
be communicated by a Notice of Termination to the other parties hereto given in accordance with Section 11(b) hereof. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of Good Reason or 

  
 4 

 
Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in
enforcing the Executive’s or the Company’s rights hereunder. 
 (e)    Termination of Offices and
Directorships; Return of Property. Upon termination of the Executive’s employment for any reason, unless otherwise specified in a written agreement between the Executive and the Company, the Executive shall be deemed to have resigned from
all offices, directorships, and other employment positions if any, then held with the Company, and shall take all actions reasonably requested by the Company to effectuate the foregoing. In addition, upon the termination of the Executive’s
employment for any reason, the Executive agrees to return to the Company all documents of the Company and its affiliates (and all copies thereof) and all other Company or Company affiliate property that the Executive has in his possession, custody
or control. Such property includes, without limitation: (i) any materials of any kind that the Executive knows contain or embody any proprietary or confidential information of the Company or an affiliate of the Company (and all reproductions
thereof), (ii) computers (including, but not limited to, laptop computers, desktop computers and similar devices) and other portable electronic devices (including, but not limited to, tablet computers), cellular phones/smartphones, credit cards,
phone cards, entry cards, identification badges and keys, and (iii) any correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents concerning the customers,
business plans, marketing strategies, products and/or processes of the Company or any of its affiliates and any information received from the Company or any of its affiliates regarding third parties. 

4.    Obligations of the Company upon Termination. 

(a)    Accrued Obligations. In the event that the Executive’s employment under this Agreement terminates
during the Employment Period for any reason, the Company will pay or provide to the Executive: (i) any earned but unpaid Base Salary, (ii) reimbursement of any business expenses incurred by Executive prior to the Date of Termination that
are reimbursable in accordance with Section 2(b)(vii) hereof and (iii) any vested amounts due to Executive under any plan, program or policy of the Company (together, the “Accrued Obligations”). The Accrued
Obligations described in clauses (i) – (ii) of the preceding sentence shall be paid within 30 days after the Date of Termination (or such earlier date as may be required by applicable law) and the Accrued Obligations described in clause
(iii) of the preceding sentence shall be paid in accordance with the terms of the governing plan or program. 

(b)    Qualifying Termination. Subject to Sections 4(c), 4(e) and 11(d), and the Executive’s continued
compliance with the provisions of Section 7 hereof, if the Executive’s employment with the Company is terminated during the Employment Period due to a Qualifying Termination, then in addition to the Accrued Obligations: 

(i)    Cash Severance. The Company shall pay the Executive an amount equal to three months of the
Executive’s Base Salary (or, if the Date of Termination occurs after an IPO Event or Equity Investment, the Severance shall instead be an amount equal to 12 months of the Executive’s Base Salary) in effect on the Date of Termination,
disregarding any reduction constituting Good Reason (the “Severance”). The Severance shall be payable in substantially equal installments in accordance with the Company’s normal payroll procedures during the period
commencing on the date of Executive’s Separation from Service and ending on the three or 12-month anniversary thereof, as applicable (the “Severance Period”). In addition, the
Executive shall be paid a pro-rata 2018 Bonus or Annual Bonus to which the Executive would have become entitled (if any) for the calendar year of the Company during which the Date of Termination occurs, had
the Executive remained employed through December 31st of the applicable calendar year and based on the achievement of any applicable performance goals or objectives, pro-rated based on the number of days
during such calendar year that the Executive 

  
 5 

 
was employed by the Company (the “Bonus Severance”). The Bonus Severance shall be payable in a single lump-sum payment on the date
on which annual bonuses are paid to the Company’s senior executives generally for such year, but in no event later than March 15th of the calendar year immediately following the calendar year
in which the Date of Termination occurs, with the actual date within such period determined by the Company in its sole discretion. 

(ii)    COBRA. Subject to the Executive’s valid election to continue healthcare coverage under
Section 4980B of the Code, the Company shall continue to provide, during the Severance Period, the Executive and the Executive’s eligible dependents with coverage under its group health plans at the same levels and the same cost to the
Executive as would have applied if the Executive’s employment had not been terminated based on the Executive’s elections in effect on the Date of Termination, provided, however, that (A) if any plan pursuant to
which such benefits are provided is not, or ceases prior to the expiration of the period of continuation coverage to be, exempt from the application of Section 409A under Treasury Regulation
Section 1.409A-1(a)(5), or (B) the Company is otherwise unable to continue to cover the Executive under its group health plans without incurring penalties (including without limitation, pursuant to
Section 2716 of the Public Health Service Act or the Patient Protection and Affordable Care Act), then, in either case, an amount equal to each remaining Company subsidy shall thereafter be paid to the Executive in substantially equal monthly
installments over the continuation coverage period (or the remaining portion thereof). 

(iii)    Qualifying Termination Following a Change in Control. In addition, in the event that,
following an IPO Event, the Qualifying Termination occurs on or within 12 months following a Change in Control, then (i) the Executive shall receive a cash payment equal to the greater of (A) the Executive’s target 2018 Bonus or
Annual Bonus for the year in which the Date of Termination occurs and (B) the Executive’s Base Salary in effect on the Date of Termination, disregarding any reduction constituting Good Reason, payable in a single lump sum within 75 days
following the Date of Termination, (ii) all outstanding Company or PubCo equity awards that vest based solely on the passage of time that are held by the Executive on the Date of Termination immediately shall become fully vested and, to the
extent applicable, exercisable and (iii) the IPO Option will be deemed vested and exercisable based on the Price Per Share as of such Change in Control. 

(c)                Release. Notwithstanding the
foregoing, it shall be a condition to the Executive’s right to receive the amounts provided for in Section 4(b) hereof that the Executive execute and deliver to the Company an effective release of claims in substantially the form attached
hereto as Exhibit C (the “Release”) within 21 days (or, to the extent required by law, 45 days) following the Date of Termination and that the Executive not revoke such Release during any applicable revocation period.
For the avoidance of doubt, all equity awards eligible for accelerated vesting pursuant to Section 4(b) hereof shall remain outstanding and eligible to vest following the Date of Termination and shall actually vest and become exercisable (if
applicable) and non-forfeitable upon the effectiveness of the Release. 

(d)    Other Terminations. If the Executive’s employment is terminated for any reason not described in
Section 4(b) hereof, the Company will pay the Executive only the Accrued Obligations. 
 (e)     Six-Month Delay. Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under Section 4 hereof,
shall be paid to the Executive during the six-month period following the Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this
Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of
Separation from Service (or such earlier date upon 

  
 6 

 
which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of the Executive’s death), the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the Executive during such period. 

(f)    Exclusive Benefits. Except as expressly provided in this Section 4 and subject to Section 5
hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment. 

5.    Non-Exclusivity of Rights. Amounts which are vested benefits or which
the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice
or program or contract or agreement except as explicitly modified by this Agreement. 
 6.    Excess Parachute
Payments; Limitation on Payments. Following an IPO Event, the following provisions will apply: 
 (a)    Best Pay
Cap. Notwithstanding any other provision of this Agreement, in the event that any payment or benefit received or to be received by the Executive (including any payment or benefit received in connection with a termination of the Executive’s
employment, whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement) (all such payments and benefits, including the payments and benefits under Section 4 hereof, being hereinafter referred to as the
“Total Payments”) would be subject (in whole or part), to the excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then, after taking into account any reduction in the Total
Payments provided by reason of Section 280G of the Code in such other plan, arrangement or agreement, the cash severance payments under this Agreement shall first be reduced, and the noncash severance payments hereunder shall thereafter be
reduced, to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax but only if (i) the net amount of such Total Payments, as so reduced (and after subtracting the net amount of federal, state and local income
taxes on such reduced Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable to such reduced Total Payments) is greater than or equal to (ii) the net amount of such Total Payments
without such reduction (but after subtracting the net amount of federal, state and local income taxes on such Total Payments and the amount of Excise Tax to which the Executive would be subject in respect of such unreduced Total Payments and after
taking into account the phase out of itemized deductions and personal exemptions attributable to such unreduced Total Payments). 

(b)    Certain Exclusions. For purposes of determining whether and the extent to which the Total Payments will be
subject to the Excise Tax, (i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of
Section 280G(b) of the Code shall be taken into account; (ii) no portion of the Total Payments shall be taken into account which, in the written opinion of an independent, nationally recognized accounting firm (the “Independent
Advisors”) selected by the Company, does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the
Excise Tax, no portion of such Total Payments shall be taken into account which, in the opinion of Independent Advisors, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the
Code, in excess of the “base amount” (as defined in Section 280G(b)(3) of the Code) allocable to such reasonable compensation; and (iii) the value of any non-cash benefit or any deferred
payment or benefit included in the Total Payments shall be determined by the Independent Advisors in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. 

  
 7 

 7.    Restrictive Covenants. 

(a)    The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential
information, knowledge or data relating to the Company and its subsidiaries and affiliates, which shall have been obtained by the Executive in connection with the Executive’s employment by the Company and which shall not be or become public
knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive’s employment with the Company, the Executive shall not, without the prior written consent of
the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data, to anyone other than the Company and those designated by it; provided, however, that if the Executive
receives actual notice that the Executive is or may be required by law or legal process to communicate or divulge any such information, knowledge or data, the Executive shall promptly so notify the Company. 

(b) While employed by the Company and, for a period of six months after the Date of Termination (or, if such Date of Termination occurs after
an IPO Event, for a period of 12 months after such Date of Termination), the Executive shall not directly or indirectly solicit, induce, or encourage any employee or consultant of any member of the Company and its subsidiaries and affiliates to
terminate their employment or other relationship with the Company and its subsidiaries and affiliates or to cease to render services to any member of the Company and its subsidiaries and affiliates and the Executive shall not initiate discussion
with any such person for any such purpose or authorize or knowingly cooperate with the taking of any such actions by any other individual or entity. During his employment with the Company and thereafter, the Executive shall not use any trade secret
of the Company or its subsidiaries or affiliates to solicit, induce, or encourage any customer, client, vendor, or other party doing business with any member of the Company and its subsidiaries and affiliates to terminate its relationship therewith
or transfer its business from any member of the Company and its subsidiaries and affiliates and the Executive shall not initiate discussion with any such person for any such purpose or authorize or knowingly cooperate with the taking of any such
actions by any other individual or entity. 
 (c) In recognition of the facts that irreparable injury will result to the Company in the
event of a breach by the Executive of his obligations under Sections 7(a) and 7(b) hereof, that monetary damages for such breach would not be readily calculable, and that the Company would not have an adequate remedy at law therefor, the Executive
acknowledges, consents and agrees that in the event of such breach, or the threat thereof, the Company shall be entitled, in addition to any other legal remedies and damages available, to specific performance thereof and to temporary and permanent
injunctive relief (without the necessity of posting a bond) to restrain the violation or threatened violation of such obligations by the Executive. 

(d) The Executive hereby acknowledges that the Executive is concurrently entering into an agreement with the Company, substantially in the
form attached hereto as Exhibit D, containing confidentiality, intellectual property assignment and other protective covenants (the “PIIA”) and that the Executive shall be bound by the terms and conditions of the PIIA.

 8.    Representations. The Executive hereby represents and warrants to the Company that (a) the Executive
is entering into this Agreement voluntarily and that the performance of the Executive’s obligations hereunder will not violate any agreement between the Executive and any other person, firm, organization or other entity, and (b) the
Executive is not bound by the terms of any agreement with any previous employer or other party to refrain from competing, directly or indirectly, with the business of such previous employer or other party that would be violated by the
Executive’s entering into this Agreement and/or providing services to the Company pursuant to the terms of this Agreement. 

  
 8 

 9.    Successors. 

(a)    This Agreement is personal to the Executive and, without the prior written consent of the Company, shall not be
assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. 

(b)    This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns
(including, if applicable, PubCo). 
 10.    Certain Definitions. 

(a)    “Board” means the Board of Managers of Psyop Media or, following an IPO Event, the Board of
Directors of PubCo. 
 (b)     “Cause” means the occurrence of any one or more of the following
events unless, to the extent capable of correction, the Executive fully corrects the circumstances constituting Cause within 15 days after receipt of the Notice of Termination: 

(i)    the Executive’s willful failure to substantially perform his duties with the Company (other
than any such failure resulting from the Executive’s incapacity due to physical or mental illness or any such actual or anticipated failure after his issuance of a Notice of Termination for Good Reason), after a written demand for performance
is delivered to the Executive by the Board, which demand specifically identifies the manner in which the Board believes that the Executive has not performed his duties; 

(ii)    the Executive’s commission of an act of fraud or material dishonesty resulting in
reputational, economic or financial injury to the Company; 
 (iii)    the Executive’s material
misappropriation or embezzlement of the property of the Company or any of its affiliates; 
 (iv)    the
Executive’s commission of, including any entry by the Executive of a guilty or no contest plea to, a felony (other than a traffic violation) or other crime involving moral turpitude; 

(v)    the Executive’s willful misconduct or gross negligence with respect to any material aspect of
the Company’s business or a material breach by the Executive of his fiduciary duty to the Company, which willful misconduct, gross negligence or material breach has a material and demonstrable adverse effect on the Company; or 

(vi)    the Executive’s material breach of the Executive’s obligations under a written agreement
between the Company and the Executive, including without limitation, such a breach of this Agreement. 

(c)    “Change in Control” means a “change in control” as defined in an applicable
equity incentive plan of PubCo adopted in connection with an IPO Event. 
 (d)    “Code” means
the Internal Revenue Code of 1986, as amended and the regulations thereunder. 

  
 9 

 (e)    “Company Party” means any corporation
formed by the Company for the purpose of effecting an initial public offering and of which the Company is a subsidiary. 

(f)    “Date of Termination” means the date on which the Executive’s employment with the
Company terminates. 
 (g)    “Disability” means that the Executive has become entitled to
receive benefits under an applicable Company long-term disability plan or, if no such plan covers the Executive, as determined in the reasonable discretion of the Board. 

(h)    “Enterprise Valuation” means the aggregate value of 100% of the outstanding shares of
common stock of the Company as of the closing of the IPO Event, measured on a fully diluted basis and after giving effect to the issuance of shares in the IPO Event (valuing each such share at the IPO Price), plus the amount of Net Debt as of the
closing of the IPO Event (which amount may be a negative number). 
 (i)    “Equity Investment”
means one or a series of related purchases by one or more parties of equity securities issued by the Company to such parties which has an aggregate purchase price of at least $10,000,000 (determined as of immediately prior to the first of such
purchases), whereby such investment was a direct result of the Executive’s efforts, as determined in good faith by the Board in its sole discretion. 

(j)    “Excise Tax” means the excise tax imposed by Section 4999 of the Code, together with
any interest or penalties imposed with respect to such excise tax. 
 (k)    “Good Reason” means
the occurrence of any one or more of the following events without the Executive’s prior written consent, unless the Company fully corrects the circumstances constituting Good Reason (provided such circumstances are capable of correction) as
provided below: 
 (i)    a material diminution in the Executive’s position (including status,
offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 2(a) hereof, excluding for this purpose any isolated, insubstantial or inadvertent actions not taken in bad faith and which are
remedied by the Company promptly after receipt of notice thereof given by the Executive; 
 (ii)    the
Company’s material reduction of the Executive’s Base Salary, as the same may be increased from time to time; 

(iii)    a material change in the geographic location of the Principal Location which shall, in any event,
include only a relocation of the Principal Location by more than 30 miles from its existing location; 

(iv)    the Company’s material breach of this Agreement. 

Notwithstanding the foregoing, the Executive will not be deemed to have resigned for Good Reason unless (1) the Executive provides the Company with
written notice setting forth in reasonable detail the facts and circumstances claimed by the Executive to constitute Good Reason within 90 days after the date of the occurrence of any event that the Executive knows or should reasonably have known to
constitute Good Reason, (2) the Company fails to cure such acts or omissions within 30 days following its receipt of such notice, and (3) the effective date of the Executive’s termination for Good Reason occurs no later than 60 days
after the expiration of the Company’s cure period. 

  
 10 

 (l)    “IPO Event” means the closing of an
initial public offering of the securities of PubCo. 
 (m)    “Net Debt” means (a) the
aggregate principal amount of all indebtedness of the Company and its subsidiaries as of the closing of the IPO Event, minus (b) the aggregate amount of cash and cash equivalents held by the Company and its subsidiaries as of the closing of the
IPO Event. 
 (n)    “Notice of Termination” means a written notice which (i) indicates the
specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and
(iii) if the Date of Termination is other than the date of receipt of such notice, specifies the termination date (which date shall be not more than 30 days after the giving of such notice). 

(o)    “Payment” means any payment or distribution in the nature of compensation (within the
meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive. 

(p)    “PubCo” means the Company Party undergoing an IPO Event. 

(q)    “Qualifying Termination” means a termination of the Executive’s employment (i) by
the Company without Cause (other than by reason of the Executive’s Disability), (ii) by the Company by reason of a Non-Renewal of the Employment Period prior to an IPO Event or an Equity Investment, and
the Executive is willing and able, at the time of such Non-Renewal, to continue performing services on the terms and conditions set forth herein or (iii) by the Executive for Good Reason. 

(r)     “Section 409A” means Section 409A of the Code and
Department of Treasury regulations and other interpretive guidance issued thereunder. 

(s)    “Separation from Service” means a “separation from service” (within the meaning
of Section 409A). 
 11.    Miscellaneous. 

(a)    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
California, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. 

(b)    Notices. All notices and other communications hereunder shall be in writing and shall be given by hand
delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to
the Executive: at the Executive’s most recent address on the records of the Company. 
 If to the Company: 

Psyop Media Company 
 45 Howard
Street 
 New York, NY 10013 

Attn: Tom Boyle 

  
 11 

 with a copy to: 

Latham & Watkins LLP 

355 South Grand Ave., Suite 100 

Los Angeles, CA 90071-1560 
 Attn:
Tony Richmond & David Zaheer 
 or to such other address as either party shall have furnished to the other in writing in accordance herewith.
Notice and communications shall be effective when actually received by the addressee. 
 (c)    Sarbanes-Oxley Act of
2002. Notwithstanding anything herein to the contrary, if the Company determines, in its good faith judgment, that any transfer or deemed transfer of funds hereunder is likely to be construed as a personal loan prohibited by Section 13(k)
of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “Exchange Act”), then such transfer or deemed transfer shall not be made to the extent necessary or appropriate so
as not to violate the Exchange Act and the rules and regulations promulgated thereunder. 
 (d)    Section 409A of
the Code. 
 (i)     To the extent applicable, this Agreement shall be interpreted in accordance with
Section 409A. Notwithstanding any provision of this Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Agreement may be subject to Section 409A, the Company shall work in good faith
with the Executive to adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or
appropriate to avoid the imposition of taxes under Section 409A, including without limitation, actions intended to (i) exempt the compensation and benefits payable under this Agreement from Section 409A, and/or (ii) comply with
the requirements of Section 409A; provided, however, that this Section 11(d) shall not create an obligation on the part of the Company to adopt any such amendment, policy or procedure or take any such other
action, nor shall the Company have any liability for failing to do so. 
 (ii)    Any right to a series of installment
payments pursuant to this Agreement is to be treated as a right to a series of separate payments. To the extent permitted under Section 409A, any separate payment or benefit under this Agreement or otherwise shall not be deemed
“nonqualified deferred compensation” subject to Section 409A to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4),
Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A. Any payments subject to Section 409A that are subject to execution of a waiver and release which may be
executed and/or revoked in a calendar year following the calendar year in which the payment event (such as termination of employment) occurs shall commence payment only in the calendar year in which the consideration period or, if applicable,
release revocation period ends, as necessary to comply with Section 409A. All payments of nonqualified deferred compensation subject to Section 409A to be made upon a termination of employment under this Agreement may only be made upon the
Executive’s Separation from Service. 
 (iii)     To the extent that any payments or reimbursements provided to
the Executive under this Agreement are deemed to constitute compensation to the Executive to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such amounts shall be paid or reimbursed
reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. The amount of any such payments eligible for reimbursement in one year shall not affect the payments or expenses that are
eligible for payment or reimbursement in any other taxable year, and the Executive’s right to such payments or reimbursement of any such expenses shall not be subject to liquidation or exchange for any other benefit. 

  
 12 

 (e)    Severability. The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

(f)    Withholding. The Company may withhold from any amounts payable under this Agreement such federal, state,
local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (g)    No
Waiver. The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation,
the right of the Executive to terminate employment for Good Reason pursuant to Section 3(c) hereof, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

(h)    Entire Agreement. As of the Effective Date, this Agreement (including the Award Agreement) constitutes the
final, complete and exclusive agreement between the Executive and the Company with respect to the subject matter hereof and replaces and supersedes any and all other agreements, offers or promises, whether oral or written, by any member of the
Company and its subsidiaries or affiliates, or representative thereof. 
 (i)    Amendment; Survival. No
amendment or other modification of this Agreement shall be effective unless made in writing and signed by the parties hereto. The respective rights and obligations of the parties under this Agreement shall survive the Executive’s termination of
employment and the termination of this Agreement to the extent necessary for the intended preservation of such rights and obligations. 

(j)    Counterparts. This Agreement and any agreement referenced herein may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. 

[SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
 13 

 IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant
to the authorization from the Board, the Company has caused these presents to be executed in its name on its behalf, all as of the day and year first above written. 

 

					
	“COMPANY”
		
	By:	 	/s/ Bernard Cragg
		 	Name:	 	Bernard Cragg
		 	Title:	 	Director
	
	“EXECUTIVE”
	
	 /s/ Hunt Ramsbottom

	     Hunt Ramsbottom

  
 S-1EX-10.6

 Exhibit 10.6 

EXECUTIVE EMPLOYMENT AGREEMENT 

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of January 1, 2012 (the
“Effective Date”), by and between Psyop Productions, LLC, a Delaware limited liability company (the “Company”), and Psyop Media Company, LLC, a Delaware limited liability company (“Holdco”) on the
one hand, and Thomas Boyle, an individual (“Executive”), on the other hand. 
 The parties hereby agree as follows: 

1. Employment. The Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions set
forth herein. 
 2. Duties. 

2.1 Position; Authority. Executive is employed on a full-time basis as Chief Financial Officer, the Secretary and an Executive Vice
President of Holdco and each of its operating subsidiaries including, but not limited to the Company. Any termination of Executive’s employment with the Company shall also result in the termination of Executive’s positions as Chief
Financial Officer, the Secretary and Executive Vice President of Holdco and each of its operating subsidiaries. Executive shall report directly to the Chief Executive Officer of the Company (the “CEO”) and shall have the duties,
authorities and responsibilities that are commensurate with such positions for similarly situated companies as shall be in good faith determined by the CEO. 

2.2 Location. Subject to the terms of Section 5.4, Executive shall generally be based at the Company’s
offices in New York, New York, although it is anticipated that he will be required to travel from time to time in connection with the performance of his services. 

2.3 Duties. Executive shall: (i) use reasonable efforts to abide by all U.S. and foreign federal, state and local laws,
regulations, and ordinances reasonably known by Executive to be applicable to Holdco and each of its operating subsidiaries including, but not limited to the Company, and (ii) devote substantially all his business time, energy, skill, and best
efforts to faithfully and diligently further the business interests of Holdco and each of its operating subsidiaries including, but not limited to the Company, provided, that, notwithstanding the foregoing, Executive (a) is not required to
spend any specific amount of time at the Company’s offices so long as Executive uses reasonable judgment in time spent performing duties outside of the Company’s offices and remains in reasonable contact by telephone or computer,
(b) may make and manage personal business investments of his choice, and (c) may serve on the Board of Directors (or other body serving similar functions) of other companies (subject to the restriction set forth in
Section 9.1 below), and may serve in any capacity with any civic, educational, professional, religious or charitable organization, or any governmental entity or trade association, so long as such activities do not
materially interfere with the performance of Executive’s duties and responsibilities. 
 3. Term. The initial term of this
Agreement shall be a period commencing on the Effective Date and ending on January 1, 2015, unless sooner terminated as hereinafter provided (the “Initial Term”). This Agreement shall automatically renew thereafter for
successive one-year 

 
terms (each a “Renewal Term”), unless either party provides written notice to the other party of non-renewal at least 90 days prior to the
expiration of the Initial Term or the then current Renewal Term, as applicable. The Initial Term and each Renewal Term shall be collectively referred to in this Agreement as the “Term.” 

4. Compensation. 
 4.1
Base Salary. As compensation for Executive’s performance of Executive’s duties, the Company shall pay to Executive a base salary of $250,000 per year (the “Base Salary”), payable in accordance with the normal
payroll practices of the Company, less all legally required or authorized payroll deductions and tax withholdings. 
 4.2 EBITDA
Bonus. During the Term, Executive is eligible to earn an annual EBITDA Bonus (“EBITDA Bonus”) of up to $156,000 (the “Bonus Potential”) based on the Consolidated EBITDA (as defined below). 

(a) To determine what percentage, if any, of the Bonus Potential that Executive has earned for any given Fiscal Year (as defined below) during
the Term, the Company shall measure the applicable year’s Consolidated EBITDA (as defined below) against a minimum and a maximum threshold: (i) the minimum threshold shall be the Consolidated EBITDA amount achieved by the Company for the
immediate preceding Fiscal Year (the “Minimum Threshold”); and (ii) the maximum threshold shall be determined by the Company each Fiscal Year as set forth in the Annual Budget adopted pursuant to Section 5.2(a)(i) of that
certain Limited Liability Company Agreement of Holdco, dated January 1, 2012, and any amendments and restatements thereto (the “Holdco LLC Agreement”) (the “Maximum Threshold”). By way of example only, if the
Consolidated EBITDA for the Fiscal Year 2012 is $8,000,000, then the Minimum Threshold for the EBITDA Bonus for the Fiscal Year 2013 shall be $8,000,000. 

(b) Executive shall be eligible to earn this Bonus Potential as follows: 

(i) If the Consolidated EBITDA in any Fiscal Year is less than or equal to the Minimum Threshold for such Fiscal Year, then
Executive’s EBITDA Bonus for such Fiscal Year will equal 0% of the Bonus Potential. 
 (ii) If the Consolidated EBITDA in any Fiscal
Year is equal to or greater than the Maximum Threshold for such Fiscal Year, then Executive’s EBITDA Bonus for such Fiscal Year will equal 100% of the Bonus Potential. 

(iii) If the Consolidated EBITDA (as defined below) in any Fiscal Year is between the Minimum Threshold for such Fiscal Year and the Maximum
Threshold for such Fiscal Year, then Executive’s EBITDA Bonus for such Fiscal Year will equal the applicable proportionate pro rata percentage of the Bonus Potential. By way of example only, if the Minimum Threshold for Fiscal Year 2013 is
$8,000,000 and the Maximum Threshold for Fiscal Year 2013 is $9,000,000, and the Consolidated EBITDA in Fiscal Year 2013 is $8,500,000, then Executive shall earn 50% of the Bonus Potential for Fiscal Year 2013. 

  
 2 

 (c) The EBITDA Bonus for any given Fiscal Year shall be reduced by the Distributions of
Operating Cash Flow made, in accordance with Section 7.1 of the Holdco LLC Agreement, to Executive with respect to such Fiscal Year. 

(d) The EBITDA Bonus shall be paid within 105 days after the end of the Fiscal Year during which the Consolidated EBITDA threshold is
achieved. 
 (e) For purposes hereof, (i) “Consolidated EBITDA” means, with respect to any period, for Holdco and its
consolidated affiliates and subsidiaries, the consolidated net income of Holdco and such affiliates and subsidiaries for such period plus, to the extent deducted in determining such consolidated net income, without duplication,
(1) consolidated interest expense for such period, (2) consolidated tax expense for such period, (3) consolidated depreciation and amortization, as well as non-cash stock-based compensation, for
such period, in the case of (1), (2) and (3) as determined in accordance with United States generally accepted accounting principles, as in effect from time to time, and (4) non-recurring components
of net income, such as unusual or infrequent items, discontinued operations, extraordinary items, and prior period adjustments, as determined in the good faith judgment of the CEO; and (ii) “Fiscal Year” means the fiscal year of
Holdco, which shall be a calendar year. Consolidated EBITDA shall be determined from Holdco’s audited consolidated financial statements prepared by Holdco’s accountants within 90 days after the end of each Fiscal Year. During the Term and
until such time as the Company has paid the EBITDA Bonus to Executive, Holdco shall keep at Holdco’s principal executive offices accurate and complete books and records that reflect Holdco’s and its consolidated subsidiaries’ results
of operations for all periods during the Term to the extent necessary to enable calculation of Consolidated EBITDA, and such books and records shall be subject to the reasonable review of Executive from time to time. 

4.3 Discretionary Bonus. During the Term, Executive will meet with the CEO and determine mutually agreeable goals and objectives for
each Fiscal Year. The CEO, in his sole discretion, will determine whether Executive has achieved the mutually agreed upon goals and objectives and the CEO, in his sole discretion, will decide whether Executive will receive any discretionary bonuses
and, if so, in what amount (the “Discretionary Bonus”). 
 4.4 Salary Increases. The Company shall review the
Base Salary annually, and such amounts may be increased at the sole discretion of the Board of Managers taking into consideration Executive’s performance, the Company’s financial performance, and other economic conditions and relevant
factors. 
 4.5 Timing of Payments. All compensation payable pursuant to Sections 4.1 through 4.3 of this
Agreement shall be paid as set forth therein, and, except for the EBITDA Bonus which shall be paid in accordance with Section 4.2(d) above, may not be deferred by Executive or the Company beyond
2-1/2 months after the close of Company’s Fiscal Year in which such compensation is no longer subject to a “Substantial Risk of Forfeiture” (as defined in
Section 6.5(g) below). 

  
 3 

 5. Benefits and Reimbursements. 

5.1 Health, Welfare and Retirement Benefits. Executive and his qualified dependents shall be entitled to participate, at the sole cost
of the Company, in all benefit plans made available from time to time to Company’s senior executives, including, without limitation, group medical, dental, vision, long-term disability, accidental death/dismemberment coverage, life insurance
coverage, 401(k) and other retirement and deferred compensation plans the Company may establish from time to time in the sole discretion of the Board of Managers. Notwithstanding the foregoing, Executive shall be entitled to participate in the
Company’s existing disability income plan on the same terms as the Members (as such term is defined below), and in any replacement or successor plan established by the Company from time to time. 

5.2 D&O Coverage. Without limiting the generality of the foregoing, at all times the Company shall maintain directors and officers
liability insurance coverage with an insurer, and in an amount determined by the Board of Managers. The benefits provided to Executive pursuant to Sections 5.1 and 5.2 are hereinafter referred to collectively as the
“Benefits.” 
 5.3 Vacation. Executive shall accrue 20 days of personal time off (“PTO”) per year,
to be utilized as vacation or sick days. PTO shall be accrued ratably during each year of the Term. Upon Executive’s termination of employment for any reason, the Company shall pay Executive for all accrued but unpaid PTO. PTO can be carried
over each Fiscal Year on a basis not less favorable to Executive than the “carry over” of PTO allowed to any Member (as such term is defined in the Holdco LLC Agreement). 

5.4 Business and Personal Expenses; Travel. During the Term, Executive shall have the right to be reimbursed for reasonable and actual
(and necessary, when required to substantiate a tax deduction for the Company) business, travel and entertainment expenses incurred in connection with the performance of his duties hereunder, which expenses shall be reimbursed by the Company upon
submission by Executive of an itemized accounting thereof, and presentation of supporting receipts or other appropriate documentation. Without limiting the generality of the foregoing, during the Term, (a) Executive shall be entitled to be
reimbursed for not more than business class international air travel expenses, coach class domestic air travel expenses, and reasonable hotel and other business travel expenses, and (b) Executive shall be entitled to receive or be reimbursed
for all customary office expenses (including, without limitation, expenses relating to cell phones, Blackberries, computers and other communications technologies reasonably required to perform his duties hereunder). 

5.5 Reimbursement of Legal Fees. Executive shall be entitled to reimbursement of all reasonable attorneys’ fees and costs incurred
in connection with the negotiation, documentation and execution of this Agreement and the other instruments and agreements contemplated by this Agreement. Such reimbursement shall be made in full within 30 days after the presentation of a reasonably
detailed invoice thereof. 

  
 4 

 6. Termination. 

6.1 Death. If Executive dies during the Term, this Agreement and Executive’s employment with the Company shall terminate
automatically on the date of his death, provided, however, that the Company shall pay to Executive (i) all accrued but unpaid Base Salary, Benefits, reimbursement of any accrued expenses pursuant to either
Section 5.4 or 5.5, accrued but unused PTO, as well as any earned but unpaid EBITDA Bonus and/or Discretionary Bonus for previous Fiscal Years (collectively, the “Accrued Obligations”), and
(ii) a bonus equal to the sum of the EBITDA Bonus, if any, plus the Discretionary Bonus, if any, paid to Executive in the immediately preceding Fiscal Year in which Executive’s death occurs (if occurrence is in Fiscal Year 2012, then the
amount of the Bonus paid to Executive for Fiscal Year 2011), multiplied by a fraction, the numerator of which shall be the number of days during such Fiscal Year occurring prior to Executive’s death and the denominator of which shall be 365
(the “Prorated Bonus”). All payments hereunder shall be paid to Executive’s beneficiary designated in writing to the Company prior to his death (or to his estate, if he fails to make such designation). Said payments of the
Accrued Obligations shall be made on the same dates as such payments would have been paid to Executive had he not died and said payments of the Prorated Bonus shall be made within 30 days after the determination of the amount of the Prorated Bonus
is made, but in no event later than 45 days after the end of the Fiscal Year during which Executive died. 
 6.2 Disability. 

(a) If Executive becomes “Disabled” (as hereinafter defined) during the Term, the Company shall have the right to terminate
this Agreement and Executive’s employment with the Company. For purposes of this Agreement, Executive shall be deemed “Disabled” if Executive is unable, as a result of any medically determinable physical or mental disease or
impairment, to discharge with or without reasonable accommodation the essential functions of Executive’s job for a continuous period of 120 days or a cumulative period of 180 days during any 12-month period. Notwithstanding anything to the
contrary herein, Executive shall be deemed Disabled and this Agreement and Executive’s employment with the Company shall be terminated for purposes of the foregoing sentence as of the last day of the applicable period (the “Disability
Date”), and Executive shall be entitled to payment of all compensation and benefits at all times prior to the Disability Date. 

(b) If the Company determines that Executive has become Disabled and elects to terminate this Agreement and Executive’s employment with
the Company as a result thereof, the Company shall deliver written notice (the “Disability Notice”) thereof to Executive. Within five days after delivery of a Disability Notice by the Company, Executive may dispute the
Company’s claim that he is disabled by delivering a written notice (the “Dispute Notice”) thereof to the Company. Executive’s failure to deliver the Dispute Notice within said five day period shall be deemed an election
not to dispute the Company’s determination that Executive is disabled or the Company’s election to terminate this Agreement and Executive’s employment with the Company. Within five days after delivery of the Dispute Notice, Executive
and the Company shall each select a duly licensed physician, and such licensed physicians shall then mutually appoint a third duly licensed physician, who shall examine Executive for the purpose of determining whether Executive is Disabled for
purposes of this Agreement and whose determination shall be binding on the Company and Executive. Said third physician shall endeavor to make a determination as to 

  
 5 

 
the Disability of Executive as soon as possible, but in no event later than 14 days after such appointment. Executive hereby consents to be examined by such licensed physicians and agrees to
cooperate with such examinations. 
 (c) If Executive becomes Disabled during the Term and this Agreement and Executive’s employment
with the Company are thereby terminated, (i) the Company shall pay the Accrued Obligations to Executive, (ii) the Company shall pay a Prorated Bonus to Executive (except that, for purposes of this Section 6.2
only, the numerator of the fraction used to determine the Prorated Bonus shall be the number of days during the applicable Fiscal Year occurring prior to the Disability Date), and (iii) the Company shall continue to provide Benefits to
Executive on substantially the same terms as the Benefits provided until the Disability Date through the end of the Initial Term or the applicable Renewal Term, as applicable. Said payments of the Accrued Obligations shall be made on the same dates
as such payments would have been paid to Executive had he not become Disabled and said payments of the Prorated Bonus shall be made within 30 days after the determination of the amount of the Prorated Bonus is made, but in no event later than 45
days after the end of the Fiscal Year during which Executive became Disabled. Any termination for Disability under this Agreement shall not affect the rights, if any, that Executive may otherwise have under any other disability plan the Company may
have in effect at the date of such termination and in which Executive is then participating. 
 6.3 For Cause or Without Good Reason.
The Company may terminate this Agreement and Executive’s employment with the Company for “Cause,” and Executive may terminate this Agreement and Executive’s employment with the Company without “Good
Reason” (as defined in Section 6.4), each upon at least 10 days’ notice to the other party. For purposes of this Agreement, “Cause” shall mean that one of the following events shall have
occurred (the “Cause Events”): (i) Executive having been convicted of, or having pleaded guilty or nolo contendere to, a felony (other than a traffic violation or by reason of vicarious liability) or a misdemeanor
involving moral turpitude; (ii) Executive’s substantial and repeated failure or refusal to perform his lawful duties under this Agreement, except during periods of physical or mental incapacity, or otherwise materially breach his
obligations under this Agreement; (iii) Executive’s willful misconduct or gross negligence with respect to any material aspect of the Company’s business, which willful misconduct or gross negligence has a material and demonstrable
adverse effect on the Company; or (iv) any material misappropriation or embezzlement of the property of the Company or any of its affiliates by Executive. The Board of Managers shall provide written notice to Executive setting forth the
applicable Cause Event, and (with respect to the occurrence of a Cause Event occurring pursuant either to subclause (ii) or (iii) above) Executive shall have 15 days (the “Cure Period”) in which to cure such Cause Event. If
Executive fails to cure said Cause Event within the Cure Period, this Agreement and Executive’s employment with the Company shall terminate without any further action of the parties as of the end of the Cure Period. If this Agreement and
Executive’s employment with the Company are terminated by the Company with Cause, or if Executive terminates this Agreement and Executive’s employment with the Company without Good Reason, the Company shall have no further obligation to
Executive other than the obligation of Company to pay to Executive the Accrued Obligations. Said payments of the Accrued Obligations shall be made on the same dates as such payments would have been paid to Executive had this Agreement and
Executive’s employment with the Company not been terminated for Cause or had Executive not terminated this Agreement and Executive’s employment with the Company without Good Reason. 

  
 6 

 6.4 Without Cause or for Good Reason. The Company may terminate this Agreement and
Executive’s employment with the Company at any time without Cause, and Executive may terminate this Agreement and Executive’s employment with the Company at any time with “Good Reason.” For purposes of this Agreement,
“Good Reason” shall mean that one of the following events shall have occurred and shall not have been cured by the Company within 30 days after receipt of written notice from Executive of the occurrence of such event delivered to
the Company within 90 days of the occurrence of such event: (i) the Company shall have materially reduced Executive’s compensation, materially diminished Executive’s duties, responsibilities or authority, materially changed
Executive’s reporting structure, or otherwise breached the terms of this Agreement or any other agreement then in effect between Executive and the Company (or any of its affiliates); or (ii) the Company shall have relocated the principal
location at which Executive is to provide his services hereunder to a location more than 15 miles from 124 Rivington Street, New York, NY 10002. If this Agreement and Executive’s employment with the Company are terminated by the Company without
Cause or are terminated by Executive for Good Reason, the Company shall (a) pay to Executive the Accrued Obligations, (b) pay to Executive his then current Base Salary and then current Benefits from the effective date of termination up
through and until the date which is six months from the date of termination (the “Severance Period”), and (c) pay to Executive a bonus equal to the sum of the EBITDA Bonus, if any, plus the Discretionary Bonus, if
any, paid to Executive in the immediately preceding Fiscal Year (if occurrence is in Fiscal Year 2012, then the amount of the Bonus paid to Executive for Fiscal Year 2011) (the “Severance Bonus”). Said payments of the Accrued
Obligations, the amounts due in respect of the Severance Period and the Severance Bonus shall be made within 30 days after the effective termination date. Any payments received through the subsequent employment with or performance of services for
another entity, through self-employment or otherwise, during or after the Severance Period (including, without limitation, salaries, fees, commissions, bonuses and consulting fees) shall not reduce any amounts payable by the Company to Executive
pursuant to this Section 6.4. 
 6.5 Section 409A Compliance. 

(a) The parties intend for the Applicable Agreements to be exempt from the application of the Section 409A Provisions. To the extent that
any payment under the Applicable Agreements is a Covered Payment, the provisions of this Section 6.5 shall apply to the Applicable Agreements and the Covered Payments notwithstanding any other provision contained in the
Applicable Agreements. It is the intent of the parties that the terms and conditions of the Applicable Agreements and the making of any payment thereunder shall not result in a plan failure subject to Code Section 409A(a)(1). The Applicable
Agreements shall be interpreted in a manner to prevent the occurrence of a plan failure subject to Code Section 409A(a)(1) and to comply with the Section 409A Provisions. Notwithstanding any other provision of the Applicable Agreements to
the contrary, if the Company or Executive determines that any payment or benefit to Executive under the Applicable Agreements may be subject to Code Section 409A(a)(1), the Company and Executive, at the request of either but with the written
consent of the other, which consent shall not be unreasonably withheld, shall adopt such amendments to the Applicable Agreements or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect) or take
any other actions necessary or appropriate to cause the compensation and benefits payable under the Applicable Agreements to comply with the Section 409A Provisions, to be not subject to Code Section 409A(a)(1), and to preserve the
intended tax treatment of such payments and the benefits under the Applicable Agreements. 

  
 7 

 (b) If a Covered Payment is payable upon a separation from service of the Executive, the
term separation from service shall have the meaning set forth in Reg. Section 1.409A-1(h). If Executive is a specified employee, as defined in Reg.
Section 409A-1(i), the Covered Payments payable upon a separation of service shall not be paid before the date that is six months after the separation from service or, if earlier, the date of death of
Executive. Any Covered Payment which is delayed pursuant to the preceding sentence shall be paid on the first business day of the seventh month following the separation from service of Executive. 

(c) To the extent necessary to ensure satisfaction with the requirements of Section 409A(b)(3) of the Code, assets shall not be set
aside, reserved in a trust or other arrangement, or otherwise restricted for purposes of the payment of amounts payable under this Agreement. 

(d) If a Covered Payment is payable at a specified time or on a fixed schedule which does not comply with the requirements of Reg. Section 1.409A-3(i)(1), the Applicable Agreements shall be modified to the extent necessary to comply with the requirements of Reg. Section 1.409A-3(i)(1). 

(e) No acceleration of the time or schedule of any Covered Payment shall be made. No Covered Payment may be alienated, sold or used to secure
a loan. The prohibition set forth in this Section 6.5 shall not apply to any Covered Payment to the extent such Covered Payment qualifies for an exception pursuant to Reg. Section 1-409A-3(j)(4). 
 (f) If any Applicable Agreement or policy of Company provides for
separation pay, including the payments provided by Section 6 of this Agreement, the terms and conditions under which such separation pay is payable to Executive shall be modified if necessary, but only to the extent
necessary, to satisfy the requirements of Reg. Section 1.409A-1(b)(9) to qualify the separation pay for the exception from characterization as deferred income. 

(g) Definitions. 
 (i)
“Applicable Agreements” shall mean this Agreement and any other plan, agreement or arrangement between Company or a Company affiliate and Executive with which this Agreement may be aggregated pursuant to Code Sections 409A(d)(3) and
(6). 
 (ii) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(iii) “Covered Payment” shall mean any payment under an Applicable Agreement to the extent determined to be deferred
compensation subject to the Section 409A Provisions. 
 (iv) ”Reg. Section” shall mean the sections of the Treasury
Regulations issued pursuant to the Code. 
 (v) “Section 409A Provisions” shall mean Code
Section 409A(a)(1) and the Treasury regulations and other interpretive guidance issued pursuant thereto. 

  
 8 

 (vi) “Substantial Risk of Forfeiture” shall have the meaning set forth in
Reg. Section 1.409A-1(d). 
 (h) The Company hereby informs Executive that the federal, state,
local, and/or foreign tax consequences of this Agreement (including without limitation those tax consequences implicated by Section 409A) are complex and subject to change. Executive acknowledges and understands that Executive should consult
with his own personal tax or financial advisor in connection with this Agreement and its tax consequences. Executive understands and agrees that the Company has no obligation and no responsibility to provide Executive with any tax or other legal
advice in connection with this Agreement and its tax consequences. Executive agrees that Executive shall bear the sole and exclusive responsibility for any and all adverse federal, state, local, and/or foreign tax consequences (including without
limitation any and all tax liability under Section 409A of this Agreement to which he may be subject under applicable law. 
 6.6
Taxes and Withholdings. 
 (a) The Company may withhold from any amounts payable under this Agreement such federal, state, and/or
local taxes as may be required to be withheld pursuant to applicable law or regulations, which amounts shall be deemed to have been paid to Executive. 

(b) If any payment under this Agreement is an “excess parachute payment” within the meaning of Section 280G(b) of the Code, the
amount of such payment shall be increased by an amount (the “adjustment amount”) such that the increased payment, after reduction for incremental taxes, as defined below, shall produce a net payment equal to the amount otherwise
payable to Executive if such payment were not an “excess parachute payment.” Incremental taxes shall mean the following taxes: (i) the tax imposed by Code Section 4999 on the excess parachute payment and the adjustment amount,
(ii) the hospital insurance tax imposed by Code Section 3101(b) on the adjustment amount, (iii) the federal income tax on the adjustment amount determined at the highest rate of tax imposed by Code Section 1, and (iv) the
state and local income tax on the adjustment amount at the highest rates of tax imposed by each applicable state or local income taxing law. 

7. Work for Hire. To the maximum extent permitted by applicable law, Executive agrees that the Company shall be the sole and exclusive
owner of all right, title and interest in and to any and all works, materials, ideas, products, services, developments, projects and other matters developed, created, conceived, suggested, submitted or otherwise worked on by Executive, either solely
or in collaboration with others, at any time during Executive’s employment with the Company, and all other results and proceeds of services performed by Executive (collectively, the “Property”). In that connection, Executive
acknowledges and agrees that all Property shall be considered a “work made for hire” for Company as that term is defined in §101 of the 1976 Copyright Act. Executive will promptly disclose in writing to the Board of Managers complete
information concerning all Property developed, created or conceived by Executive, either solely or in collaboration with others. To the extent the Property, or any portion thereof, is determined by a court of competent jurisdiction or administrative
agency not to be a “work made for hire,” Executive hereby assigns all proprietary rights in the Property to Company without further compensation, and further agrees to execute, without any further compensation, any and all documents deemed
necessary or appropriate by Company to effectuate a complete transfer of 

  
 9 

 
ownership of all rights to Company throughout the world. Executive also agrees that Company shall have the sole and exclusive right in perpetuity to use, exploit, distribute and otherwise turn to
account any or all of the Property, and that Company may modify, change or alter all or any part of the Property, all as Company may determine from time to time in its sole discretion. Executive hereby waives any “artist’s rights” or
“moral rights” which Executive might otherwise have in any Property. Executive hereby agrees that Company may modify or change any Property in its sole or absolute discretion without notice to Executive. Notwithstanding the foregoing, the
term “Property” shall not apply to or include, and the Company shall have no rights in, any intellectual property then in the public domain, or any intellectual property that Executive developed entirely on Executive’s own time
without using the Company’s equipment, supplies, facilities, or trade secret information except for that intellectual property that either: (i) relates at the time of conception or reduction to practice of such intellectual property to the
Company’s business, or actual or demonstrably anticipated research or development of the Company; or (ii) result from any work performed by the Executive for the Company. 

8. Proprietary Information. 

8.1 Defined. Executive acknowledges and agrees that Executive has learned and obtained information, and will in the future learn and
obtain information, tangible or intangible, relating to: (i) the Company, its “affiliates” (as defined below) and their respective owners (collectively, the “Company Parties”); (ii) other employees or
independent contractors of the Company Parties; (iii) the customers and clients of the Company Parties; and/or (iv) the business, operations, prospects and condition (financial or otherwise) of the Company Parties, such employees,
independent contractors, customers and clients (collectively, “Proprietary Information”). Proprietary Information includes, but is not limited to, any and all written or electronic research, developments, engineering plans, trade
secrets, know-how, inventions, techniques, processes, customer lists, financial data, sales, marketing or merchandising plans, specifications, blueprints, designs, budgets, schedules, source code, drawings,
tapes, notes, works derived from source code and agreements. For purposes of this Agreement, an “affiliate” means (a) any individual or entity that owns (directly or indirectly) at least 50% of the outstanding equity securities
(determined on a fully diluted basis) of the Company including but not limited to Holdco (a “Parent”), or (b) any individual or entity whose equity securities (determined on a fully diluted basis) are at least 50% owned,
directly or indirectly, by the Company or the Company’s Parent. 
 8.2 Executive Obligations. Executive agrees to hold all
Proprietary Information (whether received prior to or during Executive’s employment with the Company) in strict confidence and trust for the sole benefit of Company and not to, directly or indirectly, disclose, use, copy, publish or summarize
any Proprietary Information, except or unless (i) during Executive’s employment with the Company, to the extent necessary to carry out Executive’s responsibilities under this Agreement; (ii) after termination of Executive’s
employment with the Company, as specifically authorized in writing by the Board of Managers or as required by any law, court order or similar process or proceeding; (iii) such Proprietary Information is or becomes publicly known through lawful
means; (iv) the Proprietary Information was rightfully in Executive’s possession or part of his general knowledge prior to his employment by the Company and Executive did not learn of it, directly or indirectly, from the Company; or
(v) such Proprietary Information is disclosed to Executive without confidential or proprietary 

  
 10 

 
restriction by a third party who rightfully possesses such Proprietary Information (without confidential or proprietary restriction) and did not learn of it, directly or indirectly, from any
Company Party. Upon termination of this Agreement or Executive’s employment with the Company for any reason, Executive shall return to the Company all books, records, notes, manuals, recordings, and other personal property and tangible
Proprietary Information obtained or prepared by Executive during the course of his employment, or otherwise belonging to the Company. 
 8.3
Economic Value to Company and its Customers; Potential Liabilities. Executive acknowledges that Proprietary Information has significant economic value to the Company Parties, other employees, independent contractors, customers and clients,
which constitutes a substantial basis and foundation upon which the business of the Company Parties (and such customers and clients) is predicated, due to the fact that the Proprietary Information is not generally known to the public, and that the
unauthorized use or disclosure of the Proprietary Information is likely to be extremely detrimental to the interests of the Company Parties and its customers and clients, and so may result in injunctive and other equitable relief, as well as
liability for damages and other civil or criminal liability. 
 9. Non-Competition and Non-Solicitation. 
 9.1 Covenants Not to Compete. Except in connection with his performance of
services for the Company, Executive agrees that at no time between the Effective Date and the termination of this Agreement will he, without the prior written consent of the Board of Managers, (i) directly or indirectly engage in; or
(ii) have any direct or indirect interest in (whether as a proprietor, partner, investor, shareholder, member or lender) any corporation, partnership, limited liability company, trust or other entity (each, an “Entity”) that
directly or indirectly is or expects to engage in; or (iii) assist or render services (whether or not for compensation, and whether as a director, officer, employee, agent, advisor or consultant) to or for any Entity that, directly or
indirectly, is engaged in or expects to become engaged in, any business conducted by any Company Party during the Term. 
 9.2 Covenant
Not to Solicit or Interfere. Executive agrees that, between the Effective Date and the termination of this Agreement, he will not, without the prior written consent of the Board of Managers, directly or indirectly (i) solicit, divert or
take away, or attempt to solicit, divert or take away, any individual who is on or at any time during the Term an employee of any Company Party, or induce or attempt to induce any such employee to terminate his/her employment with such Company
Party; or (ii) solicit, divert or take away, or attempt to solicit, divert or take away, any individual or Entity who is, upon or at any time during the Term a customer or client of any Company Party, or advise or induce any such individual or
Entity not to continue as a customer or client of such Company Party. 
 9.3 Exclusion for Publicly Traded Securities.
Notwithstanding anything to the contrary contained in this Agreement, Executive may own (beneficially or of record) securities issued by any Entity, if such securities are listed on any national securities exchange or are registered under
Section 12(g) of the Securities Exchange Act of 1934, and such ownership does not exceed 5% of the aggregate issued and outstanding shares or units of such securities. 

9.4 Blue Penciling. In the event any provision of this Section 9 is held by an arbitrator or court of
competent jurisdiction to be invalid, void or unenforceable, the remaining 

  
 11 

 
provisions shall nevertheless continue in full force without being impaired or invalidated in any way. Without in any way limiting the generality of the preceding sentence, in the event the
covenant not to compete contained herein, in the view of a court or arbitrator asked to rule upon the issue, is deemed unenforceable by reason of covering too large an area, too long a period of time or too many business activities, then the same
shall be deemed to cover only the largest area, the longest time period or the most business activities, as the case may be, which will not render it unenforceable. In the event in any proceeding, a court of competent jurisdiction or arbitrator
shall refuse to enforce any of the separate covenants deemed included in this Section 9, then such unenforceable covenants shall be deemed deleted from this Section 9 to the extent necessary to
permit the remaining separate covenants to be enforced. 
 9.5 Covenants Reasonable. Executive agrees that the covenants provided for
in this Section 9, including the term and geographical area encompassed therein, are necessary and reasonable in order to protect the Company in the conduct of its businesses and the utilization of the Proprietary
Information of the Company, including good will. 
 10. Remedies. With respect to each and every breach or violation or threatened
breach or violation by Executive of Sections 7, 8 or 9 above, the Company, in addition to all other remedies available to it at law or in equity (including, without limitation, specific performance of the provisions hereof),
shall be entitled to seek to enjoin the commencement or continuance thereof and may apply to any court of competent jurisdiction for entry of equitable relief, as permitted by law, including, without limitation, an immediate restraining order or
injunction. 
 11. Agreement to Arbitrate. 

11.1 Except as otherwise provided in Section 10 above, any dispute or controversy arising out of or relating to any
interpretation, construction, performance, termination or breach of this Agreement, will be settled by final binding arbitration by a single arbitrator to be held in the Borough of Manhattan, City and State of New York, in accordance with the
American Arbitration Association national rules for resolution of employment disputes then in effect, except as provided herein. The arbitrator selected shall have the authority to grant any party all remedies otherwise available by law, including
injunctions, but shall not have the power to grant any remedy that would not be available in a state or federal court in New York. The arbitrator shall be bound by and shall strictly enforce the terms of this Section 11 and
may not limit, expand or otherwise modify its terms. The arbitrator shall make a good faith effort to apply the substantive law (and the law of remedies, if applicable) of the State of New York, or federal law, or both, as applicable, without
reference to its conflicts of laws provisions, but an arbitration decision shall not be subject to review because of errors of law. The arbitrator is without jurisdiction to apply any different substantive law. The arbitrator shall have the
authority to hear and rule on dispositive motions (such as motions for summary adjudication or summary judgment). The arbitrator shall have the powers granted by New York law and the rules of the American Arbitration Association which conducts the
arbitration, except as modified or limited herein. 
 11.2 Notwithstanding anything to the contrary in the rules of the American Arbitration
Association, the arbitration shall provide (i) for written discovery and depositions as provided under New York law, and (ii) for a written decision by the arbitrator that includes the essential findings and conclusions upon which the
decision is based which shall be issued no later 

  
 12 

 
than thirty (30) days after a dispositive motion is heard and/or an arbitration hearing has completed. The Company shall pay all fees and administrative costs charged by the arbitrator and
American Arbitration Association. 
 11.3 Executive and the Company shall have the same amount of time to file any claim against any other
party as such party would have if such a claim had been filed in state or federal court. In conducting the arbitration, the arbitrator shall follow the rules of evidence of the State of New York (including but not limited to all applicable
privileges), and the award of the arbitrator must follow New York and/or federal law, as applicable. 
 11.4 The arbitrator shall be
selected by the mutual agreement of the parties. If the parties cannot agree on an arbitrator, the parties shall alternately strike names from a list provided by the American Arbitration Association until only one name remains. 

11.5 The decision of the arbitrator will be final, conclusive, and binding on the parties to the arbitration. The prevailing party in the
arbitration, as determined by the arbitrator, shall be entitled to recover his or its reasonable attorneys; fees and costs, including the costs or fees charged by the arbitrator and the American Arbitration Association to the extent allowed by law.
Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 
 12. General Provisions. 

12.1 Successors and Assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be
binding upon the successors and assigns of the Company. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) or assignee to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to perform this Agreement. Executive shall not be entitled to assign any of Executive’s rights or obligations under this Agreement without the Company’s written consent, provided that upon
Executive’s death, Executive’s named beneficiaries, estate or heirs, as the case may be, shall succeed to all of Executive’s rights under this Agreement. 

12.2 Nonexclusivity Rights. Executive is not prevented from continuing or future participation in any Company benefit, bonus,
incentive, or other plans, programs, policies, or practices provided by the Company subject to the terms and conditions of such plans, programs, or practices. 

12.3 Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of
any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement. 
 12.4
Attorneys’ Fees. In any action to enforce the terms of this Agreement, the prevailing party shall be reimbursed by the non-prevailing party for such prevailing party’s reasonable
attorneys’ fees and costs, including the costs of enforcing a judgment. 
 12.5 Severability. In the event any provision of this
Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being

  
 13 

 
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or
court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 

12.6 Interpretation; Construction. The headings set forth in this Agreement are for convenience only and shall not be used in
interpreting this Agreement. Executive acknowledges that Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any
ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. 
 12.7
Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York. 
 12.8
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier
upon written verification of receipt; or (c) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth below, or such other address as either party may specify in
writing. 
 13. Entire Agreement. This Agreement, together with the other agreements and documents governing the benefits described
in this Agreement and the Holdco LLC Agreement, constitutes the entire agreement between the parties relating to this subject matter hereof and supersedes all prior or simultaneous representations, discussions, negotiations, and agreements, whether
written or oral. This Agreement may be amended or modified only with the written consent of Executive and the Board of Managers. No oral waiver, amendment, or modification will be effective under any circumstances whatsoever. 

14. Representations and Warranties. 

14.1 Executive Representations and Warranties. Executive represents and warrants to the Company that Executive has the right to enter
into this Agreement (and all other documents and agreements contemplated by this Agreement) on the terms and subject to the conditions hereof; that this Agreement is binding and enforceable against Executive in accordance with its terms; that the
execution, delivery and performance by Executive of this Agreement will not violate any other agreement to which Executive is a party or by which Executive is bound, including, without limitation, any
non-competition, non-solicitation, confidentiality, non-disclosure, invention ownership or work-for-hire agreement; and Executive has not done or permitted to be done anything which might curtail or impair any of the rights granted to Company herein. 

14.2 Company Representations and Warranties. Company represents and warrants to Executive that this Agreement (and all other documents
and agreements contemplated by this Agreement) has been duly authorized by all requisite limited liability action on the part of the Company and has been approved by the Board of Managers; that this Agreement is binding

  
 14 

 
and enforceable against the Company in accordance with its terms; and that the execution, delivery and performance by the Company of this Agreement will not violate any other agreement to which
the Company is a party or by which the Company is bound. 
 15. Liability; Indemnification. To the fullest extent permitted by
applicable law, Executive shall not be personally liable to Holdco or any of its subsidiaries including, but not limited to the Company or to its or their equity holders for monetary damages for breach of fiduciary duty as an officer or director of
Holdco or any of its subsidiaries including, but not limited to the Company. Holdco or the Company shall defend and indemnify Executive to the fullest extent permitted by applicable law if Executive is made or threatened to be made a party to an
action or proceeding whether criminal, civil, administrative or investigative, by reason of the fact that he is or was a director, officer or employee of Holdco or any of its subsidiaries including, but not limited to the Company, or any predecessor
of Holdco or any of its subsidiaries including, but not limited to the Company, or serves or served at any other enterprise as a director, officer or employee at the request of Holdco or any of its subsidiaries including, but not limited to the
Company, or any predecessor of Holdco or any of its subsidiaries including, but not limited to the Company. 
 16. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same instrument. Executed copies of the signature pages of this Agreement sent by facsimile or
transmitted electronically in either Tagged Image Format Files (“TIFF”) or Portable Document Format (“PDF”) shall be treated as originals, fully binding and with full legal force and effect, and the parties waive
any rights they may have to object to such treatment. Any party delivering an executed counterpart of this Agreement by facsimile, TIFF or PDF also shall deliver a manually executed counterpart of this Agreement but the failure to deliver a manually
executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. 
 17. Holdco Guarantee. If
the Company fails to make any payments required by this Agreement in the form of Base Salary, Bonus, or otherwise, Holdco hereby agrees to assume and to cause its operating subsidiaries (other than the Company) to assume, jointly and severally with
Holdco, the obligation to make any such required payments. 
 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND
EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 

  
 15 

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

					
		 		 	THOMAS BOYLE
			
	Dated: 1/1/12	 		 	 /s/ Thomas Boyle

		 		 	Address: PO Box 655, Stony Brook NY 11790
		
		 	 PSYOP MEDIA COMPANY, LLC,
 a
Delaware limited liability company

			
		 	By:	 	 /s/ Robert T. Walston

		 		 	Name: Robert T. Walston
		 		 	Its: President and Chief Executive Officer
		 		 	Address: 124 Rivington Street
		 		 	                New York, NY 10002
		
		 	 PSYOP PRODUCTIONS, LLC,
 a
Delaware limited liability company

			
		 	By:	 	PSYOP MEDIA SERVICES, LLC
		 		 	Its: Member
			
		 	By:	 	 /s/ Robert T. Walston

		 		 	Name: Robert T. Walston
		 		 	Its: President and Chief Executive Officer
		 		 	Address: 124 Rivington Street
		 		 	                New York, NY 10002

 Signature Page – Employment Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]