Document:

EX-10.5

 Exhibit 10.5 
 Terms Schedule to Employment Agreement 
  

			
	 Name
	  	Nick Ogurtsov
	 Scheduled Term
	  	From —,
2013 through the 3rd anniversary of that date (the
“Initial Term”) and shall then renew automatically for one-year periods (each, an “Extension Term”) until you or the Company gives notice to the other of nonrenewal at least 90 days before the end of the then
applicable Extension Term (the Initial Term together with any Extension Terms, the “Scheduled Term”).
	 Positions; Reporting
	  	 Chief Risk
Officer and Chief Operating Officer of the Company
  
 You will also be
employed as a senior executive officer of such other members of the Group as designated by the Board and approved by the board of directors of such subsidiaries without additional compensation.

 
 Initially, you will report directly to the Chief Executive Officer
(“CEO”).

	 Starting Salary
	  	$500,000
	 Annual Incentive
	  	 2013 and
2014 Calendar Year Annual Incentive:
  
 •     Amount:
  

¡      Target: $3,000,000
  

¡      Maximum: $6,000,000
  

¡      Minimum: $0
  

•     Determination:

 
 ¡      50% will be based on the
achievement of performance goals; provided that such amount may not be more than $3,000,000 (“Performance Portion”)
  

¡      50% will be determined by the CEO and approved by the Board based on the achievement of initiatives
to be established by the CEO and approved by the Board; provided that such amount may not be more than $3,000,000 (the “Initiatives Portion”)
  

•     Form:

 
 ¡      2013 Calendar Year:
50% paid in cash and 50% paid in Annual Incentive Equity
  
 ¡      2014 Calendar Year: 40% paid in cash and 60% paid in Annual Incentive Equity

  
 1 

			
	 	  	 For the
avoidance of doubt, your eligibility for an Annual Incentive relating to the 2013 calendar year is in lieu of any other right you may have had to receive an incentive relating to the 2013 calendar year other than as set forth in the
Agreement.
  
 Post-2014 Calendar Year Annual Incentive:

 
 The amount, method of determination and form of your Annual Incentive for periods
after the 2014 calendar year will be determined in the discretion of the Company.

	 Annual Incentive Equity
	  	 Your Annual
Incentive Equity with respect to the 2013 and 2014 Calendar Year Annual Incentive will vest in three equal annual installments on each of the first three anniversaries of the date of grant if you remain employed with the Company through such dates,
subject to the terms of Section 6 of the Agreement, the terms of the Company equity plan under which it is granted and the terms of your award agreement.
  

The form and vesting schedule of your Annual Incentive Equity for periods after the 2014 calendar year will be determined in the discretion of the
Company.

	 Performance Awards
	  	 •    Form: Restricted stock units and options
  

•    Number of Restricted Stock Units: with respect to 115,556 shares of Company common
stock
  

•    Number of Options: to purchase 171,461 shares of Company common stock

 
 •    Exercise Price
of Options: The fair market value of a share of Company common stock on the date of grant (as determined in accordance with the terms of the Company equity plan under which it is granted)

 
 •    Term of
Options: 5 years from the date of grant
  
 •    Vesting: Your Performance Awards will vest in three equal annual installments on each of the first three anniversaries of July 1, 2013 if you remain employed with the Company
through such dates, subject to the terms of Section 6 of the Agreement, the terms of the Company equity plan under which it is granted and the terms of your award agreement. For the avoidance of doubt, you will not be eligible for retirement
treatment with respect to your Performance Awards.

	 Good Reason
	  	Good Reason will include a material diminution in your
authority or responsibilities (not including any authority or responsibilities assumed on an interim basis); provided that Good Reason does not include a change in your reporting
relationships.

  
 2 

			
	 Additional Benefits upon a Termination without Cause or with Good Reason
	  	If, during your Scheduled Term, the Company terminates
your employment without Cause or you terminate your employment with Good Reason, subject to Section 6(h), your Performance Awards will continue to vest and become exercisable on the vesting dates specified in your award agreement and will
remain exercisable until they expire (as if your employment had continued).
	 Additional Benefits upon a Termination without Good Reason
	  	If, during your Scheduled Term, you terminate your
employment without Good Reason, subject to Section 6(h), (1) your Annual Incentive Equity earned with respect to service during the Scheduled Term will continue to vest on the vesting dates specified in the applicable award agreement (as if
your employment had continued) (provided that, if such Annual Incentive Equity is in the form of options or stock appreciation rights, they will remain exercisable for 90 days after vesting); and (2) your vested Performance Awards that are in
the form of options will remain exercisable for three months following your termination.
	 Non-Competition Period
	  	 The
Non-Competition Period will be 6 months after the end of your employment for any reason
  
 Notwithstanding the preceding, the continued vesting of your Performance Awards after a termination without Cause or termination for Good Reason that occurs before a Change in Control is conditioned upon
your compliance with Section 8(c) of the Agreement until your Performance Awards in the form of restricted stock units are fully vested and, in the case of Performance Awards in the form of options, until the end of the term of the options. If
you fail to comply with Section 8(c) of the Agreement from the end of the Non-Competition Period until your Performance Awards in the form of restricted stock units are fully vested, and, in the case of Performance Awards in the form of options,
until the end of the term of the options, you will forfeit the portion of your Performance Awards that remains unvested at the time of such failure and the Performance Awards in the form of options (whether vested or unvested) that have not been
exercised at the time of such failure.

	 Non-Solicitation Period
	  	 The
Non-Solicitation Period will be 18 months after the end of your employment for any reason; provided, however, that the Non-Solicitation Period will be reduced to 6 months after a termination without Cause or termination for Good Reason
following a Change in Control.
  
 Notwithstanding the preceding, the
continued vesting of your Performance Awards after a termination without Cause or termination for Good Reason that occurs before a Change in

  
 3 

			
	 	  	Control is conditioned upon your compliance with
Section 8(d) of the Agreement until your Performance Awards in the form of restricted stock units are fully vested and, in the case of Performance Awards in the form of options, until the end of the term of the options. If you fail to comply
with Section 8(d) of the Agreement from the end of the Non-Solicitation Period until your Performance Awards in the form of restricted stock units are fully vested, and, in the case of Performance Awards in the form of options, until the end of the
term of the options, you will forfeit the portion of your Performance Awards that remains unvested at the time of such failure and the Performance Awards in the form of options (whether vested or unvested) that have not been exercised at the time of
such failure.
	 Non-Compete/Non-Solicit Payments
	  	If either (1) during your Scheduled Term, the
Company terminates your employment without Cause or you terminate your employment with Good Reason or (2) during your Scheduled Term, you resign without Good Reason and the Company elects to have you comply with Section 8(c) and
Section 8(d) of the Agreement, subject to your execution of the Release in accordance with Section 6(h)(1) of the Agreement the Company will pay you a non-compete/non-solicit payment equal to your Salary but payable in equal installments
at the end of each month during your Non-Competition Period (the “Non-Compete/Non-Solicit Payments”). If you fail to comply with Section 8(c) until the end of the Non-Competition Period or Section 8(d) until the end of the
Non-Solicitation Period, other than any isolated, insubstantial and inadvertent failure that is not in bad faith, you will repay to the Group any paid Non-Compete/Non-Solicit Payments and forfeit any unpaid Non-Compete/Non-Solicit Payments.
For the avoidance of doubt, if the Company does not elect, pursuant to clause (2) of the first sentence of this section to make the Non-Compete/Non-Solicit Payments, (i) you will not be obligated to comply with Section 8(c) or Section 8(d) of the
Agreement after your employment with the Company and (ii) the benefits referred to in the section entitled “Additional Benefits upon a Termination without Good Reason” will not be subject to your complying with Section 8(c) and Section
8(d) of the Agreement.
	 Address
	  	 7701 NE
8th Avenue

Miami, Florida 33138

  
 4EX-10.6

 Exhibit 10.6 
 Terms Schedule to Employment Agreement 
  

			
	 Name
	  	Jonathan Ross
	 Scheduled Term
	  	From —,
2013 through the 3rd anniversary of that date (the
“Initial Term”) and shall then renew automatically for one-year periods (each, an “Extension Term”) until you or the Company gives notice to the other of nonrenewal at least 90 days before the end of the then
applicable Extension Term (the Initial Term together with any Extension Terms, the “Scheduled Term”).
	 Positions; Reporting
	  	 Chief
Technology Officer of the Company
  
 You will also be employed as a senior
executive officer of such other members of the Group as designated by the Board and approved by the board of directors of such subsidiaries without additional compensation.

 
 Initially, you will report directly to the Chief Executive Officer
(“CEO”).

	 Starting Salary
	  	$500,000
	 Annual Incentive
	  	 2013 and
2014 Calendar Year Annual Incentive:
  
 •     Amount:
  

¡      Target: $3,250,000
  

¡      Maximum: $6,500,000
  

¡      Minimum: $0
  

•     Determination:

 
 ¡      50% will be based on the
achievement of performance goals; provided that such amount may not be more than $3,250,000 (“Performance Portion”)
  

¡      50% will be determined by the CEO and approved by the Board based on the achievement of initiatives
to be established by the CEO and approved by the Board; provided that such amount may not be more than $3,250,000 (the “Initiatives Portion”)
  

•     Form:

 
 ¡      2013 Calendar Year:
50% paid in cash and 50% paid in Annual Incentive Equity
  
 ¡      2014 Calendar Year: 40% paid in cash and 60% paid in Annual Incentive Equity

  
 1 

			
	 	  	 For the
avoidance of doubt, your eligibility for an Annual Incentive relating to the 2013 calendar year is in lieu of any other right you may have had to receive an incentive relating to the 2013 calendar year other than as set forth in the
Agreement.
  
 Post-2014 Calendar Year Annual Incentive:

 
 The amount, method of determination and form of your Annual Incentive for periods
after the 2014 calendar year will be determined in the discretion of the Company.

	 Annual Incentive Equity
	  	 Your Annual
Incentive Equity with respect to the 2013 and 2014 Calendar Year Annual Incentive will vest in three equal annual installments on each of the first three anniversaries of the date of grant if you remain employed with the Company through such dates,
subject to the terms of Section 6 of the Agreement, the terms of the Company equity plan under which it is granted and the terms of your award agreement.
  

The form and vesting schedule of your Annual Incentive Equity for periods after the 2014 calendar year will be determined in the discretion of the
Company.

	 Performance Awards
	  	 •     Form: Restricted stock units and options
  

•     Number of Restricted Stock Units: with respect to 71,111 shares of Company
common stock
  

•     Number of Options: to purchase 293,933 shares of Company common
stock
  

•     Exercise Price of Options: The fair market value of a share of Company common
stock on the date of grant (as determined in accordance with the terms of the Company equity plan under which it is granted)
  

•     Term of Options: 5 years from the date of grant

 
 •     Vesting:
Your Performance Awards will vest in three equal annual installments on each of the first three anniversaries of July 1, 2013 if you remain employed with the Company through such dates, subject to the terms of Section 6 of the Agreement, the
terms of the Company equity plan under which it is granted and the terms of your award agreement. For the avoidance of doubt, you will not be eligible for retirement treatment with respect to your Performance Awards.

	 Good Reason
	  	Good Reason will include a material diminution in your
authority or responsibilities (not including any authority or responsibilities assumed on an interim basis); provided that Good Reason does not include a change in your reporting relationships.

  
 2 

			
	 Additional Benefits upon a Termination without Cause or with Good Reason
	  	If, during your Scheduled Term, the Company terminates
your employment without Cause or you terminate your employment with Good Reason, subject to Section 6(h), your Performance Awards will continue to vest and become exercisable on the vesting dates specified in your award agreement and will
remain exercisable until they expire (as if your employment had continued).
	 Additional Benefits upon a Termination without Good Reason
	  	If, during your Scheduled Term, you terminate your
employment without Good Reason, subject to Section 6(h), (1) your Annual Incentive Equity earned with respect to service during the Scheduled Term will continue to vest on the vesting dates specified in the applicable award agreement (as if
your employment had continued) (provided that, if such Annual Incentive Equity is in the form of options or stock appreciation rights, they will remain exercisable for 90 days after vesting); and (2) your vested Performance Awards that are in
the form of options will remain exercisable for three months following your termination.
	 Non-Competition Period
	  	 The
Non-Competition Period will be 12 months after the end of your employment for any reason; provided, however, that the Non-Competition Period will be reduced to 6 months after a termination without Cause or termination for Good Reason
following a Change in Control.
  
 Notwithstanding the preceding, the
continued vesting of your Performance Awards after a termination without Cause or termination for Good Reason that occurs before a Change in Control is conditioned upon your compliance with Section 8(c) of the Agreement until your Performance
Awards in the form of restricted stock units are fully vested and, in the case of Performance Awards in the form of options, until the end of the term of the options. If you fail to comply with Section 8(c) of the Agreement from the end of the
Non-Competition Period until your Performance Awards in the form of restricted stock units are fully vested, and, in the case of Performance Awards in the form of options, until the end of the term of the options, you will forfeit the portion of
your Performance Awards that remains unvested at the time of such failure and the Performance Awards in the form of options (whether vested or unvested) that have not been exercised at the time of such failure.

	 Non-Solicitation Period
	  	The Non-Solicitation Period will be 18 months after the
end of your employment for any reason; provided, however, that the Non-Solicitation Period will be reduced to 6 months after a termination without Cause or termination for Good Reason following a Change in
Control.

  
 3 

			
	 	  	Notwithstanding the preceding, the continued vesting of
your Performance Awards after a termination without Cause or termination for Good Reason that occurs before a Change in Control is conditioned upon your compliance with Section 8(d) of the Agreement until your Performance Awards in the form of
restricted stock units are fully vested and, in the case of Performance Awards in the form of options, until the end of the term of the options. If you fail to comply with Section 8(d) of the Agreement from the end of the Non-Solicitation Period
until your Performance Awards in the form of restricted stock units are fully vested, and, in the case of Performance Awards in the form of options, until the end of the term of the options, you will forfeit the portion of your Performance Awards
that remains unvested at the time of such failure and the Performance Awards in the form of options (whether vested or unvested) that have not been exercised at the time of such failure.
	 Non-Compete/Non-Solicit Payments
	  	If either (1) during your Scheduled Term, the
Company terminates your employment without Cause or you terminate your employment with Good Reason or (2) during your Scheduled Term, you resign without Good Reason and the Company elects to have you comply with Section 8(c) and
Section 8(d) of the Agreement, subject to your execution of the Release in accordance with Section 6(h)(1) of the Agreement the Company will pay you a non-compete/non-solicit payment equal to three times your Salary but payable in equal
installments at the end of each month during your Non-Competition Period (the “Non-Compete/Non-Solicit Payments”). If you fail to comply with Section 8(c) until the end of the
Non-Competition Period or Section 8(d) until the end of the Non-Solicitation Period, other than any isolated, insubstantial and inadvertent failure that is not in bad faith, you will repay to the Group any paid Non-Compete/Non-Solicit Payments and forfeit any unpaid Non-Compete/Non-Solicit Payments. For the avoidance of doubt, if the Company does not elect, pursuant to clause (2) of the first sentence of this section to
make the Non-Compete/Non-Solicit Payments, (i) you will not be obligated to comply with Section 8(c) or Section 8(d) of the Agreement after your employment with the Company and (ii) the benefits referred to in the section entitled “Additional
Benefits upon a Termination without Good Reason” will not be subject to your complying with Section 8(c) and Section 8(d) of the Agreement.
	 Address
	  	[Redacted]

  
 4

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