Document:

exv10w17

 

Exhibit 10.17

September 23, 2004

Mr. Albert A. Pimentel

18206 Daves Avenue

Monte Sereno, CA 95030

     Re: Offer of Employment

Dear Mr. Pimentel:

     On behalf of Sorrent, Inc. (the “Company”) it gives me great pleasure to offer you the
position of Executive Vice President and Chief Financial Officer of Sorrent. We believe that you
will add substantially to the team and contribute greatly to the ultimate success of the Company by
providing Sorrent with the same extraordinary leadership that you have demonstrated throughout your
career. The Board of Directors, the existing Sorrent team and I look forward to you joining the
Company and helping us build Sorrent into one of the most important companies driving the next
generation of mobile gaming.

     We understand and appreciate the nature of the commitment you are making to join Sorrent, and
we want you to do so with great confidence. You have the qualities that distinguish successful
executives: leadership, high integrity, intelligence, a bias to action, and a desire to make a
difference. We are extremely enthusiastic about your accepting this offer.

     The Company is pleased to offer you employment on the following terms:

     Cash Compensation.

     A. You will be entitled to receive an annual salary of $215,000, less applicable withholding,
(the “Base Salary”), pro-rated in 2004 to reflect your Start Date, to be paid in accordance with
the Company’s normal payroll procedures.

     B. During your first year of employment, you will also be eligible to receive quarterly bonus
payments of 7.5% of your base salary paid in each calendar quarter, as long as you are employed by
the Company on the payment dates (the “Bonus”). After one year of employment, the CEO and
compensation committee will review and, in their discretion, may adjust your Base Salary and Bonus.

     Equity Compensation. We will recommend that the Board grant you an incentive stock option to
purchase up to 685,124 shares of the common stock of the Company at an exercise price equal to the
fair market value of such shares as determined by the Board, which stock option shall be governed
by the terms and conditions of the Company’s 2001 Stock

 

 

Option Plan (the “Plan”) and Stock Option Agreement to be executed by you and the Company upon
Board approval of the grant. Such stock option shall vest over four (4) years, whereby 171,281
shares shall vest twelve (12) months after the option grant date (which will be no earlier than the
Start Date), and the remaining 513,843 shares shall vest monthly thereafter at the rate of 1/36
over the course of 36 months; provided, however, (i) in the event the Company terminates your
employment for reasons other than Cause (as such term is defined in the Plan), during the first 12
months of your employment, your vesting schedule will be accelerated such that you will be entitled
to purchase 1/48 of the total number of shares subject to the option for each full month of
employment with the Company prior to such termination, or (ii) in the event the Company consummates
a Change in Control Transaction (as such term is defined in the Plan) and terminates your
employment for reasons other than Cause or you terminate your employment for “good reason” within
six (6) months following the consummation of such Change in Control Transaction (a “Change in
Control Termination”), then fifty percent (50%) of the unvested shares subject to the stock option
will be accelerated. “Good reason” shall exist if (a) your duties, responsibilities, status,
position or authority are substantially reduced; (b) your salary is materially reduced (other than
as a result of a reduction of salaries for all executive officers) or (c) you are relocated to a
worksite more than 25 miles from the then location of your worksite.

     Other Benefits. As a Company employee, you will also be eligible to receive certain employee
benefits, as modified by the Company from time to time, including medical and dental coverage, to
the extent that your position, tenure, salary, age, health and other qualifications make you
eligible to participate, subject to the rules and regulations applicable thereto.

     At-Will Employment. Your employment with the Company is for no specified period and
constitutes an “AT-WILL” employment arrangement. As a result, you are free to resign at any time,
with or without notice, for any reason or for no reason. Similarly, the Company is free to
conclude its employment relationship with you at any time, with or without notice and with or
without cause.

     Federal Immigration Laws. For purposes of federal immigration law, you will be required to
provide to the Company documentary evidence of your identity and eligibility for employment in the
United States. Such documentation must be provided to us within three (3) business days of the
Start Date, or our employment relationship with you may be terminated.

     Proprietary Information and Inventions Agreement. As a condition of your employment, you will
be expected to sign and comply with the Employee Proprietary Information and Inventions Agreement,
a copy of which is attached hereto as Exhibit A. In addition, you agree that you will not
engage in any other employment, occupation, consulting or other business activity related to the
business in which the Company is now involved or becomes involved during the term of your
employment, nor will you engage in any activities that conflict with your obligations to the
Company.

     Absence of Conflict. You represent and warrant that employment by the Company as described
herein shall not conflict with and shall not be constrained by prior employment or consulting
agreement or relationship.

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     Miscellaneous. This letter, along with the Employee Proprietary Information and Information
Agreement, and the Stock Option Agreement sets forth the terms and conditions of your employment
with the Company and supersede any prior representations or agreements, whether written or oral.
This letter may not be modified or amended except by a written agreement, signed both by an
authorized Company representative and you.

     Acceptance. To accept the Company’s offer of employment, please sign and date this letter in
the space provided below and return it to me no later than Wednesday, September 29, 2004. A
duplicate original is enclosed for your records.

     This offer is contingent upon satisfactory personal and professional references, such
reference checking to be done by the Company and/or its agents.

     We believe Sorrent, Inc. is poised to achieve great success. We anticipate that you will be a
critical component of that success. Rocky, I personally look forward to working with you to build
an outstanding company.

	 	 	 	 	 
	 	Sincerely,

SORRENT, INC.

 	 
	 	/s/ L. Gregory Ballard
 	 
	 	L. Gregory Ballard, President & CEO 	 
	 	 	 
	 

	 	 	 
	ACCEPTED AND AGREED TO

	 	 
	this ___day of September, 2004
	 	 
	 
	 	 
	Albert Pimentel
	 	 
	 

Albert A. Pimentel

	 	 
	 
	 	 
	Enclosure
	 	 

3exv10w18

 

Exhibit 10.18

Macrospace Ltd.

Statement of Terms & Conditions of Employment

Statement of Terms and Conditions of Employment

			
	Between:	 	Macrospace Ltd. (“the Company”), a subsidiary of Sorrent, Inc;

and

Kristian Segerstrale, 46 Park Mansions, South Lambeth Rd., London SW8 1TW
(“the Employee”).

	1.	 	Introduction
	 
	 	 	This statement sets out the principal terms and conditions applying to your employment with
the Company, including all particulars required to be given to you in writing under the
Employment Rights Act 1996. The effective date of this Agreement will be the closing date of
Sorrent, Inc.’s acquisition of the Company.
	 
	2.	 	Commencement of Employment
	 
	2.1	 	Your employment with the Company commences on the effective date as defined in
clause 1 and for the purposes of the Employment Rights Act 1996 it is acknowledged that no
employment with any previous employer other than the Company counts as part of your continuous
period of employment with the Company.
	 
	2.2	 	Your employment with the Company is conditional on:

	 	•	 	providing the Company with any documents it requires to establish your right to work
lawfully in the UK.
	 
	 	•	 	disclosure of any criminal convictions which are not spent.

	 	 	If you fail to produce the required documentation on request, then the Company
may terminate your employment without notice or a payment in lieu of notice.
	 
	3.	 	Job Title
	 
	3.1	 	Your job title is Vice President of Production, Macrospace Ltd. reporting to Robert Nashak or
such person as may be authorized by the Company and notified to you. Your main duties are as set
out in the separate job description. You will be required to carry out all additional duties that
are within the context of your job title.
	 
	3.2	 	In addition or as an alternative to your normal duties you may from time to time be required to
undertake on a temporary or permanent basis other duties within any department of the Company that
are reasonably consistent with your position and within your capabilities as the needs of the
Company’s business may require.
	 
	3.3	 	You are not authorised to bind the Company or any other Group Company in any
contract for the sale or provision of services or products by them nor are you

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	 	 	authorised to enter into lease agreements, loans or other forms of borrowing on behalf of the
Company or any other Group Company.
	 
	3.4	 	As a term of your employment you are required to comply with any export regulations that apply
to the Company or any Group company.
	 
	4.	 	Hours of Work
	 
	4.1	 	Your normal hours of work are 40 hours per week, Monday to Friday with a one hour break each
day for lunch. You will be required to work outside these hours as may be necessary for the proper
performance of your duties. You are not entitled to overtime payment or time off in lieu of hours
worked outside your normal hours. Lunch breaks and other breaks provided to you will not constitute
working time.
	 
	4.2	 	You agree to work such hours over 48 hours per week as are required to carry out your duties.
You therefore give consent to waive your right under the Working Time Regulations 1998 to have your
working time limited to an average of 48 hours per week over the reference period as it may be
defined from time to time. You further agree that, in the event you wish to withdraw your consent
given in this sub clause, you will give to the Company three months written notice of the
withdrawal of consent.
	 
	5.	 	Place of work
	 
	 	 	Your employment will be based at Priory House, 6 Wrights Lane, London W8 6TA, United Kingdom. The
Company may reasonably require you to carry out your duties on a temporary or permanent basis from
other locations within central London. You may be requested to work outside of the United Kingdom
from time to time. You will in good faith discuss and negotiate the terms and conditions of such
assignment.
	 
	6.	 	Remuneration
	 
	6.1	 	Your basic salary will be ninety thousand (90,000) Pounds Sterling gross in cash per annum
subject to all normal deductions. Your salary will be paid monthly in arrears directly into your
bank account.
	 
	6.2	 	You will be eligible for a cash bonus of up to 20% of your annual salary, paid
pro-rata on a quarterly basis. Bonus payments will be based on the Company’s
performance as well as your individual performance, in accordance with the executive
bonus plan approved by Sorrent Inc.’s compensation committee as modified from time to
time.
	 
	6.3	 	Without prejudice to any other rights open to the Company, you agree that the
Company may deduct from any wages due to you, sums representing the value of any
Company property lost by you; the cost of repairing any Company property damaged by
you or damaged as a consequence of negligence on your part; the amount of any
outstanding loans or advances made to you by the Company; any other sums owing from
you to the Company; any overpayment of salary, variable compensation such as bonuses
or expenses; or payment made to you by mistake or through misrepresentation; and any
other sums authorised to be deducted by Section 13 of the Employment Rights Act 1996.
	 
	7.	 	Benefits
	 
	 	 	At its discretion and subject to your meeting any conditions of eligibility, the
Company will contribute to or provide you with health insurance coverage. Details
will be provided to you following commencement of employment.

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	 	 	The Company may in its discretion withdraw or amend any particular plan or scheme which has been
introduced or substitute it with such other plans or schemes as it considers fit whether such
substitute plans or schemes provide equivalent benefits or not. Your participation in these schemes
is a benefit in respect of which you may be liable to pay income tax and you should seek personal
tax advice if you are unsure of their impact.
	 
	 	 	The Company reserves the right to terminate your employment at any time during your
absence from work even though your entitlement to benefits under medical insurance
policies may not have been exhausted at the time of giving notice or of termination.
	 
	8.	 	Pension
	 
	 	 	The Company will nominate a Stakeholder Pension Scheme to which you may contribute.
	 
	9.	 	Holiday entitlement
	 
	9.1	 	The Company’s holiday year runs from 1st January to 31st December.
	 
	9.2	 	You are entitled to 20 working days’ holiday per holiday year in addition to 8 public
holidays. Holiday pay is based on your current basic rate of salary.
	 
	9.3	 	If you start or leave your employment during a holiday year your holiday entitlement for
that holiday year will be prorated and is deemed to accrue at the rate of 1.6666 days holiday
per complete calendar month worked.
	 
	9.4	 	Holiday not taken during the holiday year cannot be carried forward to the following
holiday year (without prior authorisation) and no payment in lieu of untaken holiday will be
made.
	 
	9.5	 	On leaving the Company, you will be entitled to holiday pay in respect of any accrued
holiday entitlement which you have not taken except where you have been summarily dismissed
or leave without giving due notice to the Company. If at the time of leaving you have taken
holiday in excess of your accrued entitlement the Company will deduct from your final salary
the excess holiday pay that you have received. The Company reserves the right to require you
to take, during your notice period, any holiday entitlement which will have accrued to you by
the date of termination of your employment, which you have not yet taken.
	 
	9.6	 	Holidays must be taken at times convenient to the Company and must be approved in
advance. In particular, except where otherwise agreed you may not take more than 10
consecutive working days as holiday.
	 
	10.	 	Absence due to sickness or injury
	 
	10.1	 	If you are unable to attend work due to sickness or injury you must notify
the Company as early as possible on the first day of absence. You should keep your manager
regularly informed of your condition and the likely date of your return to work.
	 
	10.2	 	You will be required to complete a self-certification form on your return to work from
any absence of up to 7 days (including non working days). If your absence exceeds 7
consecutive days you must provide the Company with a doctor’s certificate as soon as
possible after the seventh day of absence. You must provide further doctor’s certificates to
the Company as necessary to cover the full period of your continued absence.

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	10.3	 	You may be required to undergo a medical examination by a doctor of the Company’s
choice
during or after any period of absence from work due to 40 sickness or injury or at any time deemed
necessary by the Company during your employment. You also authorise your own doctor to provide the
Company’s doctor and/or independent medical practitioner with any relevant extracts from your
medical notes. This clause is without prejudice to your statutory rights, (including your rights
under the Access to Medical Reports Act 1988).
	 
	11.	 	Sick Pay
	 
	 	 	You will receive Statutory Sick Pay (SSP) for periods of illness in accordance with
statute. The Company reserves the right to terminate your employment in accordance with clause
12.4(g).
	 
	12.	 	Termination of Employment
	 
	12.1	 	You will be entitled to receive 4 week’s notice in writing from the Company of the
termination of your employment or the Statutory minimum whichever is greater.
	 
	12.2	 	You will be required to give 4 week’s notice in writing if you wish to terminate
your employment.
	 
	12.3	 	Nothing in this clause shall prevent the Company from terminating your employment without
notice or salary in lieu of notice in the event of gross misconduct or in other appropriate
circumstances.
	 
	12.4	 	Without limiting the provisions of clause 12.3, the Company may, by written notice, terminate
your employment immediately :

	 	(a)	 	if you have not performed your duties under this Agreement to the standard required by your
line manager; or
	 
	 	(b)	 	if you commit a serious breach or persistently breach your obligations under this Agreement; or
	 
	 	(c)	 	if you fail to comply with a lawful instruction given to you by your line manager; or
	 
	 	(d)	 	if you conduct yourself in such a way, whether in connection with your employment
under this Agreement or otherwise, which may, in the opinion of the board of the Company, be
harmful to the interests or reputation of the Company or the Group; or
	 
	 	(e)	 	if you become of unsound mind, are made bankrupt or otherwise insolvent
	 
	 	(f)	 	if you are convicted of a criminal offence other than a motoring
offence; or
	 
	 	(g)	 	if you are unable to perform your duties of employment for a period or periods exceeding 90
days in aggregate as a result of sickness or injury.

	 	 	You will not be entitled to damages or any other remedy from the Company in the event that
your employment is terminated in accordance with this clause 12.4 or in accordance with
clause 12.3.
	 
	12.5	 	The Company may make a payment in lieu of notice should it so wish. This payment will subject
to the usual statutory deductions. Whether a payment in lieu of notice is made or not is at the
complete discretion of the Company. The Company is not under an obligation to make a payment in
lieu of notice and if it fails to do so (especially in circumstances leading to a summary
dismissal), any claim you may have will be subject to your duty to take reasonable steps to
mitigate your loss.
	 
	12.6	 	Once notice of termination has been given by either you or the Company, the Company may
suspend you from the performance of your duties and/or exclude you from any premises of the
Company or any other company in the Group and/or require

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	 	 	not to make contract with any employees or clients or customers or
suppliers of the Company or the Group. During such period the Company may require you
to carry out different duties from your normal duties but it is stressed that by virtue
of this clause and being placed on garden leave the Company is not obliged to provide
you with work. During such period of notice you may not (without limiting any other
restriction or prohibition in this Agreement) be engaged or employed by or take up any
office or partnership in any other company, firm or business, or trade on your own
account without the written permission of the Company/Line Manager.
	 
	 	 	Salary and other contractual benefits shall continue to be paid or provided
despite such suspension and/or exclusion.
	 
	12.7	 	Quite apart from the right to put you on garden leave set out in clause 12.6, the
Company may suspend you on full pay pending the outcome of a disciplinary investigation or
for health reasons. Whilst on suspension the Company may impose the same conditions as apply
to employees on garden leave.
	 
	12.8	 	This employment agreement shall in any event terminate automatically without notice on
the last day of the month in which you attain the age of 65 years.
	 
	12.9	 	Upon the Company’s request at any time, and in any event on the termination of your
employment, you will immediately deliver up to the Company or its authorised
representative, any plans, keys, mobile telephone, security passes, credit cards, customer
lists, price lists, equipment, documents, records, papers, computer disks, tapes or other
computer hardware or software (together with all copies of the same), and all property of
whatever nature in your possession or control which belongs to the Company or any Group
Company or relates to its or their business affairs. You will at the Company’s request
furnish the Company with a written statement confirming that you have complied with this
obligation.
	 
	13.	 	Activities outside working hours
	 
	13.1	 	You are required to devote your full time and attention during normal working hours to
the performance of your duties and to act in the best interests of the Company at all times.
You must not, at any time during your employment, except with the Company’s prior written
permission, undertake any work or be in any way concerned or interested in any business or
activity which may in the Company’s opinion adversely affect the proper performance of your
duties.
	 
	13.2	 	Nothing in this Clause 13 shall prevent you from holding shares or securities in any
company which is quoted listed or otherwise dealt in on any recognized investment exchange or
securities market, provided that any such holding shall not exceed 3% of the total shares or
other securities in such company.
	 
	14.	 	Confidentiality
	 
	14.1	 	You must not at any time during your employment (except so far as may be necessary for
the proper performance of your duties) or after the termination of your employment use for
any purpose other than the Company’s business or disclose to any person or body any
Confidential
Information obtained during your employment. For the purposes of this clause “Confidential
Information” means any information of a confidential nature relating to the Company its
customers or their business, finances transactions or affairs which belongs to and is of
value to the Company or in respect of which the Company owes an obligation of confidence to
any third party. Such information includes but is not limited to:

	 	(a)	 	lists and particulars of the clients and potential clients of the Company;
	 
	 	(b)	 	any financial information relating to or business plans of the Company;

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	 	(c)	 	information relating to the services and products offered by the Company including
but not limited to price lists and contract terms, processes, formulae, and working
methods;
	 
	 	(d)	 	inventions and applications used, owned or employed by the Company for the purpose
of its business; and
	 
	 	(e)	 	any information which is marked as confidential or which you have been told is of a
confidential nature or which you might reasonably expect that the Company would regard
as confidential.

	14.2	 	You must return to the Company forthwith on termination of your employment
or at any time during your employment upon request by the Company any, Confidential
Information which is in your possession or under your control in any format (whether prepared
by you or any other person and whether stored electronically on paper on audio or audio
visual tape or otherwise). You must not retain any copy or extract of such information in any
format.
	 
	14.3	 	The obligation in clause 14.1 shall continue to apply after the termination of your
employment without limit in point of time, but shall cease to apply to information which has
ceased to be confidential or which may have come into the public domain otherwise than
through a breach of this clause by you, and shall not apply to information which you are
required by law to disclose to a court or regulatory authority.
	 
	15.	 	Copyright and Design Rights
	 
	 	 	You will promptly disclose to the Company all works in which copyright or design
rights may exist which you make or originate either by yourself or jointly with other
people during your employment.
	 
	 	 	Any copyright work or design created by you in the normal course of your employment or
in the course of carrying out duties specifically assigned to you, which relate to the
affairs of the Company, shall be the property of the Company whether or not the work
was made at the direction of the Company, or was intended for the Company and the
copyright in it and the rights in any design shall belong absolutely to the Company
throughout all jurisdictions and in all parts of the world, together with all rights of
registration, extensions and renewal (where relevant).
	 
	 	 	To the extent that such copyright or design rights are not otherwise vested in the
Company, you hereby assign the same to the Company, together with all past and future
rights to action relating thereto.
	 
	 	 	You recognise and accept that the Company may edit, copy, add to, take from, adapt,
alter and translate the product of your services in exercising the rights assigned
under this clause.
	 
	 	 	To the full extent permitted by law, you irrevocably and unconditionally waive any
provision of law known as “moral rights” including any moral rights you may otherwise
have under sections 77 to 85 inclusive of the Copyright Designs
and Patents Act 1988 in relation to the rights referred to above.
	 
	 	 	You agree that you will at the Company’s request and expense, execute such
further documents or deeds and do all things necessary or reasonably required to
confirm and substantiate the rights of the Company under this clause and despite the
termination of this Agreement for any reason.

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	 	 	You agree that you will not at any time make use of or exploit the Company’s property,
trade marks, service marks, documents or materials in which the Company owns the
copyright or the design rights for any purpose which has not been authorised by the
Company.
	 
	16.	 	Inventions
	 
	 	 	It shall be part of your normal duties at all times to consider in what
manner and by what new methods or devices, products, services, processes, equipment or
systems of the Company and each Group Company might be improved, and promptly to give to
the Company/your Line Manager full details of any invention, discovery, design,
improvement or other matter or work whatsoever in relation thereto (“the Inventions”)
which you may from time to time make or discover during your employment, and to further
the interests of the Company in relation to the same. You hereby acknowledge and agree
that the sole ownership of the Inventions and all proprietary rights therein discovered
or made by you (whether alone or jointly with others) at any time during your employment
shall (subject to any contrary provisions of the Patents Act 1977 and the
Copyright Designs and Patents Act 1988 and to any rights of a joint inventor
thereof) belong free of charge and exclusively to the Company as it may direct.
	 
	 	 	All worldwide copyright and design rights in all the Inventions shall be and remain the
property of the Company and the provisions of clause 16 above shall apply in relation to
the same.
	 
	 	 	You agree that you will, at any time during your employment or thereafter, at the
Company’s expense, do all such acts and things and execute such documents (including
without limitation making application for letters patent) as the Company may reasonably
request in order to vest effectually any Invention (whether owned by the Company in
accordance with this clause or owned by you) and any protection as to
ownership or use (in any part of the world) of the same, in the Company or any Group
Company, or as the Company may direct, jointly if necessary with any joint inventor
thereof, and you hereby irrevocably appoint the Company for these purposes to be your
attorney in your name and on your behalf to execute and do such acts and things and
execute any such documents as set out above.
	 
	 	 	You agree that you will not knowingly do or omit to do anything which will or may have
the result of imperilling any such protection aforesaid or any application for such
protection.
	 
	17.	 	Grievance Procedure
	 
	 	 	If you have any grievance in relation to your employment you should
seek redress by notifying Human Resources in writing. E-mail notification will be
accepted.
	 
	18.	 	Disciplinary procedure
	 
	 	 	In the event that you breach any of the Company rules of conduct or if
your behaviour is otherwise considered by the Company to be unsatisfactory you may be
subject to the Company’s disciplinary procedure. Application of the procedure is
discretionary and is not a contractual entitlement. A copy of the procedure is
available from Human Resources.

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	 	 	If you wish to appeal against any disciplinary decision you should do so by letter
addressed to the person who took the decision.
	 
	 	 	The Company reserves the right to suspend you on full pay and benefits for as long
as may be reasonably necessary pending the investigation of any disciplinary offence.
	 
	19.	 	Data Protection
	 
	 	 	The Company holds a personnel file and computer records, which contain data concerning
a wide variety of matters. These include matters such as your application, references,
bank details, and other personal details. , It is held for the following
purposes:

	 	(a)	 	staff administration;
	 
	 	(b)	 	accounts and records;
	 
	 	(c)	 	the provision of management information for business purposes such as marketing activities and
corporate and staff planning; and
	 
	 	(d)	 	to permit the Company to comply with its legal responsibilities.

	 	 	It may, in certain circumstances, be necessary to:

	 	(a)	 	transfer these details outside the European Economic Area (“EEA”) where there may be no
legislation protecting an individual’s rights relating to personal data; and/or
	 
	 	(b)	 	make the details available to the Company’s advisers and/or the relevant regulatory
authorities.

	 	 	Where transfers outside the EEA are necessary, the Company has taken, or shall take, the
appropriate steps to satisfy itself that the entity to which your data is transferred has in place
the appropriate technical and organisational measures to protect your data against unauthorised or
unlawful processing and against accidental loss or destruction of, or damage to the data. In all
cases, third parties to which your personal data is transferred will be contractually obliged to
use the data only for the relevant purpose specified above and not to forward the data to other
parties without your consent.
	 
	 	 	You accordingly agree to the Company’s processing personal data (including sensitive personal data)
that relates to and/or identifies you, for the purposes of administering this Agreement, reviewing
your performance, maintaining appropriate employee records, providing references in relation to
you, and managing its business. In particular, by signing this Agreement, you consent to the
transfer of such data at any time both outside the EEA and/or to potential purchasers of or
contractors for all or part of its business, and/or to the Company’s advisers and/or the relevant
regulatory authorities and/or to third parties who administer the Company’s payroll or benefits
schemes.
	 
	20	 	Monitoring
	 
	20.1	 	The Company may undertake monitoring for the following purposes:

	 	(a)	 	to prevent/detect breaches of obligations to the Company, its clients, and
employees;
	 
	 	(b)	 	to prevent/detect crime or apprehend/prosecute offenders;
	 
	 	(c)	 	to ensure a safe and secure working environment; or
	 
	 	(d)	 	to provide supporting evidence in disciplinary/capability proceedings,

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	20.2	 	The following types of monitoring may take place:

	 	(a)	 	email monitoring (including accessing and retrieving live and deleted emails and the
maintenance of a log). The destination,volume, and content of all emails will be monitored.
	 
	 	(b)	 	Internet monitoring (including the maintenance of a log of websites accessed).
Websites visited and the duration spent on the internet will be monitored
	 
	 	(c)	 	Company mobile telephone monitoring (including the maintenance of a log)
	 
	 	(d)	 	Security access monitoring (by the maintenance of a log recording presence on site)
	 
	 	(e)	 	Use of computer systems, including intranet and time recording (by the maintenance of
a log)

	20.3	 	Monitoring records will only be retained for as long as necessary to fulfil
their purpose.
	 
	20.4	 	Exceptionally, the Company reserves the right to undertake covert monitoring
at appropriate times. Covert monitoring will only be carried out in accordance with the
provisions of the Data Protection Act 1998.
	 
	20.5	 	By signing their contract of employment you confirm that you understand and
acknowledge that the Company may monitor your activities in the ways described.
	 
	21.	 	Expenses
	 
	 	 	The Company will reimburse you for all reasonable expenses that have been properly
incurred by you in the performance of your duties in accordance with the Company’s
travel and expense policy and approved in advance. You must provide appropriate receipts
or other evidence of expenditure to support any claim for reimbursement of expenses.
Such receipts and evidence must be submitted on a timely basis and regularly to be
eligible for reimbursement.
	 
	22.	 	Collective Agreements
	 
	 	 	There are no collective agreements that affect the terms and conditions of your
employment.
	 
	23.	 	Entire Agreement
	 
	 	 	Other than any written agreements specifically contemplated by the Exchange Agreement
governing the acquisition of the Company by Sorrent Inc., this statement of terms and
conditions constitutes the entire agreement between you and the Company and is in
substitution for all previous terms and conditions of employment between the Company
and yourself whether given verbally or in writing all of which are deemed to be
terminated by mutual consent.
	 
	24.	 	Variations
	 
	 	 	The Company reserves the right to make reasonable changes to your terms of employment
to take account of changes in employment practice, changes in the law and the Company’s
operational requirements, such changes may be implemented after the month’s written
notice to you from time to time.

9

 

	25.	 	Definition of Group
	 
	 	 	In this contract “Group” means the Company and any company which is a subsidiary or
holding company of it from time to time, or which is from time to time a subsidiary of any
such holding company, the terms “subsidiary” and “holding company” for this purpose have the
meanings given to them in section 736, Companies Act 1985.
	 
	26.	 	Waiver
	 
	 	 	Any delay in enforcing rights under this Agreement by either party does not constitute a
waiver of those rights.
	 
	 	 	Any waiver of rights under this Agreement will only be effective if it is in
writing signed by the party waiving their rights. Any such waiver will not constitute a waiver
of any other term of this Agreement nor will it be effective in respect of a subsequent breach
of the same term of this Agreement.
	 
	27.	 	Law
	 
	 	 	Your contract of employment with the Company (of which this statement forms part) shall be
governed by and construed in all respects in accordance with the laws of England and Wales.
You and the Company each irrevocably submit to the non-exclusive jurisdiction of the English
Courts.

Please indicate your acceptance of the terms and conditions of your employment as
set out in this statement by signing the duplicate of this statement and returning it.

Executed as a Deed by Macrospace Ltd.

acting by

/s/ L.
Gregory Ballard

Director

/s/ Shukri
Shammas

Director/Secretary

/s/ Tareq
Naqib

Executed
as a Deed by the Employee /s/ Kristian Segerstrale

in the presence of

[ILLEGIBLE]

Name [ILLEGIBLE]

Address [ILLEGIBLE]

Occupation [ILLEGIBLE]

10

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