Document:

Employment Agreement - Peter A. Schmitt

 Exhibit 10.4 
 EMPLOYMENT AGREEMENT 
 This Employment
Agreement (“Agreement”) is made and entered effective the 1st day
of January, 2007, by and between Smart Document Solutions, LLC (the “Company”) and Peter A. Schmitt (“Employee”). 
 R E C I T A L S 
 WHEREAS, the Company desires to employ Employee and to have the benefit of his skills and services, and
Employee desires to accept employment with the Company, on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of
the mutual promises, terms, covenants, and conditions set forth herein, and the performance of each, the parties hereto, intending to be legally bound, agree as follows: 
 AGREEMENTS 
 1. Term. The initial term of this Agreement shall begin on January 1,
2007 (the “Effective Date”), and continue through January 1, 2009 (the “Initial Term”). The Agreement shall be renewable for successive one-year terms thereafter at the discretion of the Company (each, as
applicable, a “Renewal Term”). In the event the Company chooses not to renew this Agreement at the conclusion of the Initial Term, the Company shall give Employee sixty (60) days advance written notice of such intent. Failing
such notice, this Agreement shall automatically renew for an additional one-year period and shall thereafter renew annually on January 1 subject to the Company’s right to provide sixty (60) days advance written notice of its intention
not to renew the Agreement (also a “Renewal Term”; the Initial Term and all Renewal Term(s) collectively constituting the “Term”). 
 2. Position and Duties. The Company hereby employs Employee as the Chief Financial Officer of the Company. Employee shall have such responsibilities, duties, and authorities as are assigned to him by the
Company’s Chief Executive Officer; provided that all such services and functions shall be reasonably consistent with the position of Chief Financial Officer, and within Employee’s area of expertise. Employee shall fulfill his duties and
responsibilities in a reasonable and appropriate manner and in compliance with the Company’s published policies and practices and the laws and regulations that apply to the Company’s operation and administration. Employee shall devote his
full business time and attention to the business and affairs of the Company and shall not be engaged in or employed by any other business enterprise (other than those Employee was involved in as of the Effective Date and which have been disclosed to
the Company’s Chief Executive Officer) without the written approval of the Company’s Chief Executive Officer. 
  

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 3. Compensation. For all services rendered by Employee, the Company shall compensate
Employee as follows: 
 (a) Base Salary. As of the Effective Date, the gross annual salary payable to Employee
shall be not less than Two Hundred Fifty Thousand Dollars ($250,000) per year (the “Base Salary”) payable on a regular basis in accordance with the Company’s standard payroll procedures, but not less than monthly. For the
fiscal year commencing October 1, 2007 and following each subsequent fiscal year during the Term, the Base Salary shall be subject to annual review by the Company’s Board of Directors (the “Board”) (or the appropriate
committee thereof). 
 (b) Perquisites and Benefits. Employee shall be entitled to the same perquisites and
benefits as are made available to other senior executive employees of the Company, as well as such other perquisites or benefits as may be specified from time to time by the Board, including not less than four (4) paid weeks of vacation per
year. Such benefits shall include, at a minimum and without limitation, welfare benefit plans and programs (including medical, dental, disability, life insurance and other welfare benefits that may be offered by the Company from time to time),
participation in a retirement savings plan and participation in any other incentive or deferred compensation programs that may be available. 
 (c) Annual Bonus. Employee shall be eligible for an annual bonus of fifty percent (50%) of the then current Base Salary as determined by the Board based upon Company financial and other goals to be
proposed annually by Employee and approved by the Board. 
 (d) Options. The Company acknowledges that Employee
is the holder of Options (as defined in the Option Plan) to purchase an aggregate of 150,263 Units (as defined in the Option Plan) pursuant to (i) the Option Grant and Agreement, effective October 11, 2002, granting Employee an Option to
purchase 105,263 Units (the “2002 Option Agreement”) and (ii) the Option Grant and Agreement, effective November 15, 2005, granting Employee an Option to purchase 45,000 Units (the “2005 Option Agreement” and,
together with the 2002 Option Agreement, the “Option Agreements”). For purposes of this Agreement, the “Option Plan” means the Smart Document Solutions, LLC 2002 Option Plan, effective October 11, 2002.

 (e) Expense Reimbursement. The Company shall reimburse Employee for (or, at the Company’s option, pay)
all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of his services hereunder during the Term. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon
submission of any request for reimbursement or payment, and in a format and manner consistent with the Company’s expense reporting policies and applicable federal and state tax recordkeeping requirements. 
 4. Place of Performance. Employee shall carry out his duties and responsibilities hereunder principally in and from the metropolitan area
of Atlanta, Georgia, and shall not be required to relocate his residence from the Atlanta, Georgia metropolitan area without his consent. 
 5. Termination; Rights on Termination. Employee’s employment may be terminated in any one of the following ways, prior to the expiration of the Term: 
 (a) Termination by the Company for Good Cause. The Company may terminate the Term and Employee’s employment for Good
Cause (as defined below), effective as of the date determined by the Company upon written notice provided to Employee. “Good 

  

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Cause” shall mean: (i) Employee’s material breach of this Agreement if such breach has not been cured within twenty (20) days
after written notice by the Company to Employee specifying the performance or nonperformance constituting such breach; (ii) Employee’s negligence in the performance or nonperformance of any of Employee’s material duties or
responsibilities after notice by the Company specifying the performance or nonperformance by Employee that constitutes negligence of Employee’s material duties or responsibilities if such negligence has not been cured within twenty
(20) days after receipt by Employee of such notice; (iii) Employee’s dishonesty, fraud, or misconduct which has a material adverse effect on the interests of the Company; or (iv) Employee’s conviction of a felony or
conviction of a misdemeanor involving theft, fraud, dishonesty, or act of moral turpitude, or a plea of “guilty” to the same, subject to confirmation by the Board at a duly called meeting. In the event of termination of Employee’s
employment for Good Cause, no compensation or benefits shall be payable to Employee after the date of termination, except as provided for in Paragraph 5(g). 
 (b) Termination for Employee’s Death or Disability. In the event that Employee dies or becomes Disabled (as defined
below), no compensation or benefits shall be payable to Employee or his estate after the date of termination, except as provided for in Paragraph 5(g). “Disabled” shall mean that Employee has a physical or mental disability that,
after the expiration of more than 26 weeks after its commencement, is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to Employee or his legal representatives (such agreement to
acceptability not be withheld unreasonably). 
 (c) Termination by the Company Without Good Cause. At any time
during the Term, the Company may, without Good Cause and for any reason whatsoever, terminate the Term and Employee’s employment, effective sixty (60) days after written notice is provided to Employee. In the event Employee’s
employment is terminated by the Company without Good Cause, or the Company elects not to renew this Agreement pursuant to Paragraph 1, Employee shall be entitled to compensation pursuant to Paragraph 5(g). If Employee’s employment is terminated
by the Company without Good Cause, or the Company elects not to renew this Agreement pursuant to Paragraph 1, and Employee signs a mutual general release of claims in substantially the form attached as Exhibit A (the “General
Release”) and Employee does not revoke such General Release, in addition to payment of compensation pursuant to Paragraph 5(g), Employee shall also be entitled to the following once the General Release becomes effective pursuant to its
terms: (i) salary continuation in an amount equal to his then current annual Base Salary (less applicable withholding for payroll and other taxes) payable in twelve (12) equal consecutive monthly installments, the first installment to be
paid within ten (10) days of the date the General Release becomes effective and the remaining installments to be paid thereafter on the first business day of each calendar month commencing in the month following the month he receives his first
salary continuation payment; (ii) if Employee elects continued coverage under the Company’s group health plan for himself and/or his qualified dependents pursuant to the Consolidated Omnibus Budget Reconciliation Act
(“COBRA”), the Company shall pay the portion of the costs that are paid by the Company for active employees who are senior executives for the continued group health plan coverage until the earlier of: (a) the first anniversary
of the effective date of Employee’s employment termination, or (b) such time as Employee is no longer eligible for COBRA continuation coverage; and (iii) the Company shall maintain in full force and effect, at the sole cost of the
Company for the continued benefit of the Employee and his dependents until the first anniversary of the effective date of the Employee’s employment termination, each of the Company sponsored life and disability insurance benefits in effect as
of the date of termination or substantially comparable substitute benefits. 
  

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 (d) Termination by Employee for Good Reason. Employee may terminate
Employee’s employment and the Term in the event the Employment Agreement remains in effect for “Good Reason,” effective ten (10) days after written notice is provided to the Company. “Good Reason” shall mean:
(i) a material reduction in Employee’s position, authority, duties or responsibilities; (ii) a reduction in salary; (iii) failure by the Company to maintain or substitute a benefit program, or any other action by the Company
intended to diminish the benefits to Employee of any such program, in either case, if the resulting reduction in benefits is material to Employee’s overall compensation; (iv) failure to require a successor to assume, honor and perform this
agreement other than an insubstantial or inadvertent failure promptly remedied by the Company after receipt of written notice thereof from Employee; or (v) the Company’s breach of Paragraph 4 of this Agreement. “Good Reason” does
not include death or disability. In the event Employee’s employment is terminated for Good Reason, Employee shall be entitled to compensation pursuant to Paragraph 5(g). If Employee’s employment is terminated for Good Reason and Employee
signs the General Release and Employee does not revoke such General Release, in addition to the payment of compensation in Paragraph 5(g), Employee shall also be entitled to the following once the General Release becomes effective pursuant to its
terms: (i) salary continuation in an amount equal to his then current annual Base Salary (less applicable withholding for payroll and other taxes) payable in twelve (12) equal consecutive monthly installments, the first installment to be
paid within ten (10) days of the date the General Release becomes effective and the remaining installments to be paid thereafter on the first business day of each calendar month commencing in the month following the month he receives his first
salary continuation payment; and (ii) if Employee elects continued coverage under the Company’s group health plan for himself and/or his qualified dependents pursuant to COBRA, the Company shall pay the portion of the costs that are paid
by the Company for active employees who are senior executives for the continued group health plan coverage until the earlier of: (a) the first anniversary of the effective date of Employee’s employment termination, or (b) such time as
Employee is no longer eligible for COBRA continuation coverage; and (iii) the Company shall maintain in full force and effect, at the sole cost of the Company for the continued benefit of the Employee and his dependents until the first
anniversary of the effective date of the Employee’s employment termination, each of the Company sponsored life and disability insurance benefits in effect as of the date of termination or substantially comparable substitute benefits.

 (e) Specified Employee. Notwithstanding the provisions of Paragraph 5(c) Paragraph 5(d), or Paragraph 5(g),
if Employee is a “specified employee” (as defined for purposes of Code Section 409A), then all payments to which Employee is entitled under Paragraph 5(c) or Paragraph 5(d) (which are in addition to the payments to which Employee is
entitled under Paragraph 5(g)) shall be delayed to the minimum extent necessary to avoid the imposition of additional tax under Code Section 409A. 
 (f) Termination by Employee Without Good Reason. Employee may resign or terminate his employment hereunder for any reason or no reason, effective sixty (60) days after written notice is provided to
the Company. In such event, no compensation or benefits shall be payable to Employee after the date of termination, except as provided for in Paragraph 5(g). 
  

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 (g) Payment Through Termination. Upon termination of Employee’s
employment for any reason provided for in this Agreement, Employee shall be entitled to receive all Base Salary earned but not paid, any bonus earned but not yet paid for Employee’s performance during a completed, prior, period (with the
understanding that (i) a bonus will be deemed to have been earned only if Employee has satisfied all performance criteria for such bonus, other than continued employment beyond the period during which such performance criteria are to be tested
unless such continued employment is specified as a performance criteria and (ii) it is not the intent of this Section 5(g) that Employee be entitled to any pro rata bonus for any partial year or other bonus period worked) and all
benefits and reimbursements due through the effective date of termination (including payment for accrued unused vacation). In addition, the Company shall offer Employee and his qualified dependents continued coverage under the Company’s group
health plan, as required by COBRA, at Employee’s cost, so long as Employee or his dependents are eligible for COBRA coverage. No other compensation or benefits will be due or payable to Employee subsequent to termination, except as provided by
this Agreement or required by law or as may be expressly set forth in any separate benefit plan. 
 (h) Termination
of Obligations for Breach of Employee’s Obligations. Subject to and without waiver of the Company’s other rights and remedies, all obligations of the Company and rights of the Employee to payments under this Paragraph 5 shall cease as
of the date that the Employee commits a material breach of an obligation under Paragraphs 7 through 10 hereof. 
 (i)
Provisions that Survive Termination of Agreement. All rights and obligations of the Company and Employee under this Agreement, except with respect to those that are on their face continuing in nature, shall cease as of the effective date of
termination, and further provided that (i) the Company’s obligations under Paragraph 5 shall survive such termination in accordance with its terms, and (ii) Employee’s and Company’s obligations under Paragraphs 7 through 10,
16, and 17 shall survive such termination in accordance with their terms. 
 (j) Right to Offset. In the event
of any termination of Employee’s employment under this Agreement for any reason, the Company’s obligation to make any payments hereunder shall be subject to offset for any loans or other documented payment or reimbursement obligations that
Employee has to the Company, under the Company’s published policies and practices. All payments and benefits payable under this Agreement are gross payments subject to applicable withholdings. 
 (k) Limitation on Compensation; Gross Up Payment for Golden Parachute Excise Taxes. All payments and compensation paid or
payable to or for the benefit of Employee (whether paid or payable pursuant to the terms of this Agreement or otherwise) that would be included in the calculation of a “parachute payment” to Employee as defined in Section 280G(b)(2)
of the Internal Revenue Code of 1986, as amended (the “Code”) are referred to herein as “280G Compensation.” The amount equal to three times Employee’s “base amount” as defined in Code
Section 280G(b)(3), less one hundred dollars ($100.00), shall be referred to herein as the “280G Limit.” 
  

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 Regardless of the outcome of the shareholder vote described below in this Paragraph 5(k), Employee will
be entitled to receive the amount of 280G Compensation that does not exceed the 280G Limit. As soon as administratively possible following the execution of an agreement pursuant to which either (i) a change in the ownership or effective control
of the Company or (ii) a change in the ownership of a substantial portion of the Company’s assets will occur, then, the Company shall use its best efforts to obtain approval, in accordance with the shareholder approval requirements of Code
Section 280G(b)(5), with respect to Employee’s right to receive the amount of 280G Compensation, if any, that exceeds the 280G Limit. If such shareholder approval is not obtained, and Employee would otherwise be the recipient of 280G
Compensation, Employee shall not be entitled to receive the amount of any such 280G Compensation that exceeds the 280G Limit. 
 If the
foregoing shareholder approval is obtained and payment of the 280G Compensation is made, and following such payment it is determined by the Company’s independent accountants or the Internal Revenue Service that the shareholder approval
requirements of Code Section 280G(b)(5) were not satisfied or for any other reason an excise tax would be assessed with respect to some or all of the 280G Compensation under Code Section 4999, Employee agrees to repay to the Company, or
its successor, upon demand the amount of 280G Compensation which he received that exceeds the 280G Limit but shall not be required to repay more than $50,000. Employee’s obligation to repay 280G Compensation up to $50,000 shall not apply unless
the repayment would reduce the amount of 280G Compensation below the 280G Limit. If the repayment of the 280G Compensation as described herein would not avoid the assessment of an excise tax under Code Section 4999, Employee shall be entitled
to retain the 280G Compensation and receive a Gross Up Payment (as defined herein) from the Company or its successor promptly after either: (i) the Company’s independent accountants determine that any payments and benefits called for under
this Agreement together with any other payments and benefits made available to Employee by the Company and any other person will result in Employee’s being subject to an excise tax under Code Section 4999, or (ii) such an excise tax
is assessed against Employee, provided, however, that the Employee takes such action (in addition to any repayment of 280G Compensation as provided herein) as the Company reasonably requests under the circumstances to mitigate or challenge such
excise tax. If the Company reasonably requests that Employee take action to mitigate or challenge, or to mitigate and challenge any such excise tax (other than waiving Employee’s right to any payments or benefits in excess of the payments or
benefits which Employee has expressly agreed to waive under this Paragraph 5(k)), and Employee complies with such request, then the Company shall provide Employee with such information and such expert advice and assistance from the Company’s
independent accountants, lawyers and other advisors as Employee may reasonably request and the Company shall pay for all expenses of such advisors and the reasonable expenses of Employee incurred in effecting such action. 
 The term “Gross Up Payment” as used in this Agreement shall mean a payment to or on behalf of Employee which shall be sufficient to pay
(i) 100% of any excise tax described in this Paragraph 5(k), (ii) 100% of any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional excise or

  

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other taxes on such payment, (iii) 100% of any interest, penalties or other amounts assessed by the Internal Revenue Service on Employee which are
related to the timely payment of such excise tax (unless such interest or penalties are attributable to Employee’s willful misconduct or gross negligence with respect to such timely payment), and (iv) solely in the event of nonpayment of
any of the amounts set forth in clauses (i), (ii) or (iii) above, any loss, cost, damage or expense (including without limitation, reasonable attorneys fees and expenses) incurred by Employee in (A) responding to the Internal Revenue
Service in its assessment of the excise tax as a result of such non-payment or (B) collecting the Gross Up Payment from the Company. Notwithstanding the foregoing, the amount of the Gross Up Payment shall not exceed $5,000,000. 
 Any determinations under this Paragraph 5(k) shall be made in accordance with Code Section 280G and any applicable related regulations (whether
proposed, temporary or final) and any related Internal Revenue Service rulings and any related case law. If the Company reasonably requests that Employee take action to mitigate or challenge, or to mitigate and challenge, any such tax or assessment
(in addition to any repayment of 280G Compensation as provided herein), the Company or its successor shall provide Employee with such information and such expert advice and assistance from the Company’s independent accountants, lawyers and
other advisors as Employee may reasonably request and shall pay for all expenses incurred in effecting such compliance and any related fines, penalties, interest and other assessments. 
 6. [Intentionally Omitted.] 
 7.
Employee Covenants. 
 (a) During the Term and for a period of twelve (12) months thereafter, Employee
shall not, either directly or indirectly, for himself or on behalf of or in conjunction with any other person, company, partnership, corporation, business, group, or other entity (each, a “Person”): 
 (i) engage, within the Territory (as defined below), as an officer, director, owner, partner, member, or in a senior managerial capacity
(whether as an employee, independent contractor, or consultant), in any business engaged in the Business of the Company (as defined below), provided that, notwithstanding anything in this Paragraph 7 to the contrary, nothing herein shall prohibit
Employee from owning or acquiring a passive investment of five percent (5%) or less of the outstanding capital stock of a publicly held corporation or organization engaged in the Business of the Company in the Territory, provided that Employee
does not, directly or indirectly, participate in the management or operation of such publicly held corporation or organization; or 
 (ii) solicit or attempt to solicit, recruit or attempt to recruit any employee, agent, or contract worker of the Company or the Associated Companies (as defined below) with whom Employee had contact during the course of his employment with
the Company; or 
  

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 (iii) solicit or attempt to solicit any Business of the Company from any Person who, as
of the date of the solicitation or attempted solicitation or within twelve (12) months prior to that date, is or was a commercial customer of the Company, with whom Employee had contact (through sales calls, presentations, or other business
dealings) at any time during the preceding twenty-four (24) months of employment with the Company; or 
 (iv) solicit or
attempt to solicit, recruit or attempt to recruit any employee, agent, or contract worker of a material supplier of the Company who, as of or within the prior twelve (12) months is or was a material supplier of the Company with whom Employee
had contact through business dealings during the course of his employment with the Company. 
 (b)
Non-Disparagement. Except as otherwise required by law, Employee hereby agrees and covenants that he shall not, at any time following the effective date of his employment termination and while any payment or benefit is owed him by the Company
hereunder, make any statement, written or verbal, in any forum or media, or take any other action, which has a material adverse affect on or which is flagrantly disparaging of the Company, the Business of the Company, or any of the Releasees (as
defined in Exhibit A). 
 (c) For purposes of Paragraphs 7 through 10: 
 (i) References to “the Territory” shall mean the continental United States, which Employee acknowledges is the area in
which he will perform services for the Company. 
 (ii) References to “the Associated Companies” shall mean
the Company’s direct and indirect subsidiaries and any company in which the Company has a twenty percent or greater ownership interest. 
 (iii) References to “the Business of the Company” shall mean the medical record release of information business and electronic medical record retrieval of information business. 
 (d) The covenants in this Paragraph 7 are severable and separate, and the unenforceability of any specific covenant shall not
affect the provisions of any other covenant. If any provision of this Paragraph 7 relating to the time period, scope, or geographic areas of the restrictive covenants shall be declared by a court or arbitrator of competent jurisdiction to exceed the
maximum time period, scope, or geographic area, as applicable, that such court or arbitrator deems reasonable and enforceable, then this Agreement shall automatically be considered to have been amended and revised to reflect such determination.

 (e) All of the covenants in this Paragraph 7 shall be construed as an agreement independent of any other provisions
in this Agreement, and the existence of any claim or cause of action Employee may have against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants.

 (f) Employee has carefully read and considered the provisions of this Paragraph 7 and, having done so, agrees that
the restrictive covenants in this Paragraph 7 impose a fair and reasonable restraint on Employee and are reasonably required to protect the interests of the Company and its officers, directors, employees, and stockholders. 
  

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 8. Trade Secrets and Confidential Information. 
 (a) For purposes of this Paragraph, “Confidential Information” means any data or information (other than Trade
Secrets and Previously Acquired Knowledge) that is valuable to the Company (or, if owned by someone else, is valuable to that third party) and not generally known to the public or to competitors in the industry, including, but not limited to, any
non-public information (regardless of whether in writing or retained as personal knowledge) pertaining to research and development; product costs and processes; stockholder information; pricing, cost, or profit factors; quality programs; annual
budget and long-range business plans; marketing plans and methods; contracts and bids; and personnel. “Trade Secret” means information (other than Previously Acquired Knowledge) including, but not limited to, any technical or
nontechnical data, formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, financial plan, product plan, list of actual or potential customers or suppliers or other information similar to any of the
foregoing, which (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can derive economic value from its disclosure or use and (ii) is
the subject of efforts that are reasonable under the circumstances to maintain its secrecy. “Previously Acquired Knowledge” means information acquired by Employee on or prior to the Effective Date as a result of his experience in
the healthcare information industry, including his knowledge and experience with business, operational and marketing plans and strategies similar to those of the Company. 
 (b) Employee acknowledges that he is employed by the Company in a confidential relationship wherein he, in the course of his
employment with the Company, has received or will receive and has had or will have access to Confidential Information and Trade Secrets of the Company and the Associated Companies. Accordingly, he is willing to enter into the covenants contained in
Paragraphs 7, 8, and 9 of this Agreement in order to provide the Company with what he considers to be reasonable protection for its interests. 
 (c) Employee hereby agrees that, during the Term and for a period of twelve (12) months thereafter, he will hold in confidence all Confidential Information of the Company and the Associated Companies that
came into his knowledge during his employment by the Company and will not disclose, publish or make use of such Confidential Information without the prior written consent of the Company. 
 (d) Employee hereby agrees to hold in confidence all Trade Secrets of the Company and the Associated Companies that came into his
knowledge during his employment by the Company and shall not disclose, publish, or make use of at any time after the date hereof such Trade Secrets without the prior written consent of the Company for as long as the information remains a Trade
Secret. 
 (e) Notwithstanding the foregoing, the provisions of this Paragraph will not apply to (i) information
required to be disclosed by Employee in the ordinary course of his duties hereunder or (ii) Confidential Information or Trade Secrets that otherwise becomes generally known in the industry or to the public through no act of Employee or any
person or entity acting by or on Employee’s behalf. 
  

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 (f) The parties agree that the restrictions stated in this Paragraph 8 are in
addition to and not in lieu of protections afforded to trade secrets and confidential information under applicable state law. Nothing in this Agreement is intended to or shall be interpreted as diminishing or otherwise limiting the Company’s
rights under applicable state law to protect its trade secrets and confidential information. 
 9. Return of Company Property.
All records, designs, patents, business plans, financial statements, manuals, memoranda, customer lists, customer databases, and other property delivered to or compiled by Employee by or on behalf of the Company (including the respective
subsidiaries thereof) or its representatives, vendors or customers which pertain to the Business of the Company (including the respective subsidiaries thereof) shall be and remain the property of the Company, and be subject at all times to its
discretion and control. Upon the request of the Company and, in any event, upon the termination of Employee’s employment with the Company, Employee shall deliver all such materials to the Company. Likewise, all correspondence, reports, records,
charts, advertising materials, and other similar data pertaining to the business, activities or future plans of the Company which are collected by Employee shall be delivered promptly to the Company without request by it upon termination of
Employee’s employment. 
 10. Work Product and Inventions. 
 (a) Works. Employee acknowledges that Employee’s work on and contributions to documents, programs, methodologies,
protocols, and other expressions in any tangible medium which have been or will be prepared by Employee, or to which Employee has contributed or will contribute, in connection with Employee’s services to the Company (collectively,
“Works”), are and will be within the scope of Employee’s services and part of Employee’s duties and responsibilities. Employee’s work on and contributions to the Works will be rendered and made by Employee for, at the
instigation of, and under the overall direction of, the Company, and are and at all times shall be regarded, together with the Works, as “work made for hire” as that term is used in the United States Copyright Laws. However, to the extent
that any court or agency should conclude that the Works (or any of them) do not constitute or qualify as a “work made for hire”, Employee hereby assigns, grants, and delivers exclusively and throughout the world to the Company all rights,
titles, and interests in and to any such Works, and all copies and versions, including all copyrights and renewals. Employee agrees to cooperate with the Company and to execute and deliver to the Company, its successors and assigns, any assignments
and documents the Company requests for the purpose of establishing, evidencing, and enforcing or defending its complete, exclusive, perpetual, and worldwide ownership of all rights, titles, and interests of every kind and nature, including all
copyrights, in and to the Works, and Employee constitutes and appoints the Company as its agent to execute and deliver any assignments or documents Employee fails or refuses to execute and deliver, this power and agency being coupled with an
interest and being irrevocable. Without limiting the preceding provisions of this Paragraph 11(a), Employee agrees that the Company may edit and otherwise modify, and use, publish and otherwise exploit, the Works in all media and in such manner as
the Company, in its sole discretion, may determine. 
  

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 (b) Inventions and Ideas. Employee shall disclose promptly to the Company
(which shall receive it in confidence), and only to the Company, any invention or idea of Employee in any way connected with Employee’s services or related to the Business of the Company, the Company’s research or development, or
demonstrably anticipated research or development (developed alone or with others), conceived or made during the Term or within three (3) months thereafter, other than those ideas solely related to the Excluded Invention (as defined below), and
hereby assigns to the Company any such invention or idea. Employee agrees to cooperate with the Company and sign all papers deemed necessary by the Company to enable it to obtain, maintain, protect and defend patents covering such inventions and
ideas and to confirm the Company’s exclusive ownership of all rights in such inventions, ideas and patents, and irrevocably appoints the Company as its agent to execute and deliver any assignments or documents Employee fails or refuses to
execute and deliver promptly, this power and agency being coupled with an interest and being irrevocable. This constitutes the Company’s written notification that this assignment does not apply to an invention (an “Excluded
Invention”) for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on Employee’s own time, unless (a) the invention relates (i) directly to the Business of
the Company, or (ii) to the Company’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by Employee for the Company. 
 11. No Prior Agreements. Employee hereby represents and warrants to the Company that the execution of this Agreement by Employee and his
employment by the Company and the performance of his duties hereunder will not violate or be a breach of any agreement with a former employer, client, or any other person or entity. 
 12. Assignment; Binding Effect. Employee understands that he has been selected for employment by the Company on the basis of his personal
qualifications, experience, and skills. Employee agrees, therefore, that he cannot assign all or any portion of his performance under this Agreement. The Company may assign this Agreement only to the purchaser of substantially all of the assets of
the Company, provided that any such assignee shall assume this Agreement in a writing delivered to Employee. Subject to the preceding two sentences, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the parties and
their respective heirs, legal representatives, successors, and assigns. 
 13. Complete Agreement; Waiver; Amendment.
Employee has no oral representations, understandings, or agreements with the Company or any of its officers, directors, or representatives covering the same subject matter as this Agreement. This Agreement is the final, complete, and exclusive
statement of expression of the agreement between the Company and Employee with respect to the subject matter hereof, supersedes all other agreements as to the same subject matter (except for the Option Agreements which shall continue in effect) and
cannot be varied, contradicted, or supplemented by evidence of any prior or contemporaneous oral or written agreements. This written Agreement may not be later modified except by a further writing signed by a duly authorized officer of the Company
and Employee, and no term of this agreement may be waived except by a writing signed by the party waiving the benefit of such term. 
  

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 14. Notice. Whenever any notice is required hereunder, it shall be given in writing
addressed as follows: 
  

			
	 To the Company:
	  	 Smart Document Solutions, LLC
 Attn: Chief Executive
Officer
 120 Bluegrass Valley Parkway
 Alpharetta, Georgia 30005

 Telephone No.: (770) 360-1700
 Facsimile No.: (770) 360-1705

		
	 With a copy to:
	  	 Arcapita, Inc.
 Attn.: Mr. Charles H.
Ogburn
 75 Fourteenth Street, 24th
 Floor
 Atlanta, Georgia 30309
 Telephone No.: (404) 920-9000
 Facsimile No.: (404) 920-9001

		
	 To Employee:
	  	 Mr. Peter A. Schmitt
 5565 Bannergate Drive

Alpharetta, Georgia 30022

 Each party shall advise the other of any address change during the Term. 
 15. Severability; Headings. If any provision of the Agreement is rendered or declared illegal or unenforceable by reason of any existing or
subsequently enacted legislation or by the decision of any arbitrator or by decree of a court of last resort, the parties shall promptly meet and negotiate substitute provisions for those rendered or declared illegal or unenforceable to preserve the
original intent of this Agreement to the extent legally possible, but all other provisions of this Agreement shall remain in full force and effect. 
 16. Equitable Remedy. Because of the difficulty of measuring economic losses to the Company as a result of a breach of the covenants set forth in Paragraphs 7 through 10, and because of the immediate and
irreparable damage that would be caused to the Company for which monetary damages would not be a sufficient remedy, it is hereby agreed that in addition to all other remedies that may be available to the Company at law or in equity, the Company
shall be entitled to seek specific performance and any injunctive or other equitable relief as a remedy for any breach or threatened breach of Employee’s covenants. Likewise, Employee may seek injunctive or equitable relief against enforcement
of any of the covenants in Paragraphs 7 through 10. 
  

 12 

 17. Arbitration. Except for an action for injunctive or equitable relief as described in
Paragraph 16, any disputes or controversies arising under this Agreement (including as to arbitrability) will be settled by arbitration in Atlanta, Georgia, through the use of and in accordance with the then applicable rules of the American
Arbitration Association relating to arbitration of employment disputes and pursuant to the Federal Arbitration Act. The determination and findings of such arbitrator(s) will be binding on all parties and may be enforced, if necessary, in any court
of competent jurisdiction. 
 PAS 
 Employee’s

 Initials 
 18. Jointly Drafted.
The parties and their respective counsel have participated jointly in the negotiation and drafting of this Agreement. In the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted
jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 19. No Obligation to Mitigate. Employee shall not be required to mitigate the amount of any payment provided for in Paragraph 5 by seeking
other employment or otherwise, nor shall the amount of any payment provided for in Paragraph 5 be reduced by any compensation earned by Employee as a result of employment by another employer or otherwise. 
 20. Governing Law. This Agreement shall in all respects be governed by and construed in accordance with the laws of the State of Georgia,
not including the choice-of-law rules thereof. Subject to Paragraph 17, all disputes arising from or relating to this Agreement shall be subject to the exclusive jurisdiction of and be litigated in the state or federal courts located in the State of
Georgia. All parties hereby consent to the exclusive jurisdiction and venue of such courts for the litigation of all disputes and waive any claims of improper venue, lack of personal jurisdiction, or lack of subject matter jurisdiction as to any
such disputes. 
 21. Attorney’s Fees. The losing party shall be liable to the prevailing party for
its reasonable costs and attorney’s fees incurred in any action for breach or to enforce this Agreement. 
 22. Code
Section 409A. The Company and Employee intend for this Agreement to comply with the requirements of Code Section 409A. If any provision of this Agreement is determined not to satisfy the requirements of Code Section 409A, then
the Company and Employee agree that, to the extent practicable, each of the Company and Employee shall operate in good faith compliance with the requirements of Code Section 409A and shall amend this Agreement to reflect such requirements on or
before December 31, 2007 (or such later date as may be permitted for amendment to comply with the requirements of Code Section 409A). 
 [Signature Page Follows] 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Employment Agreement to be duly executed
as of the date first written above. 
  

			
	SMART DOCUMENT SOLUTIONS, LLC
		
	By:	 	/s/ Authorized Signatory
	Title:	 	Pres & CEO
	
	EMPLOYEE:
	
	/s/ Peter A. Schmitt
	Peter A. Schmitt

 EXHIBIT A 
 MUTUAL GENERAL RELEASE AND COVENANT NOT TO SUE 
 This MUTUAL GENERAL RELEASE AND COVENANT NOT TO SUE
(the “Release”) is made as of                         ,         
(the “Release Date”) by and between Smart Document Solutions, LLC, (the “Company”) and Peter A. Schmitt (“Employee”). 
 1. In
consideration of: 
 (i) salary continuation payments equal to Employee’s current annual Base Salary (as defined in the
Employment Agreement dated January 1, 2007 by and between the Company and the Employee; the “Employment Agreement”), less applicable withholding for payroll and other taxes, with such payments to be made as provided in the Employment
Agreement; 
 (ii) the Company’s payment of the portion of the costs that are paid by the Company for active employees
who are senior executives for continued group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) until the earlier of: (a) the first anniversary of the effective date of Employee’s employment
termination, or (b) such time as Employee is no longer eligible for COBRA continuation coverage; and 
 (iii) the
Company’s release and other promises herein, 
 the sufficiency of which consideration the parties hereby acknowledge, Employee hereby knowingly and
voluntarily releases, discharges, and covenants not to sue the Company, its predecessors, successors, parents, subsidiaries, affiliates, divisions, and Assignees, and their respective current and former employees, officers, directors, shareholders,
representatives, benefits plans and benefits plans administrators or agents (collectively referred to herein as “Releasees”), collectively, separately, and severally, from and for any and all state, local or federal claims, causes of
action, liabilities, and judgments of every type and description whatsoever, known and unknown (including, but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, as amended; the Rehabilitation Act of 1973, as amended;
the Employee Retirement Income Security Act of 1974, as amended; the Fair Labor Standards Act of 1938, as amended; the Americans with Disabilities Act; wrongful discharge; breach of contract; tortious interference with contractual relations;
promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; assault; battery; fraud; false imprisonment; invasion of privacy; intentional or negligent
misrepresentation; defamation, including libel, slander, discharge defamation and self-publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional distress; or any other theory,
whether legal or equitable) which he, his heirs, administrators, executors, personal representatives, beneficiaries, and assigns may have or claim to have against the Company and 

 
Releasees for any reason whatsoever, except as set forth in Section 4 of this Release. Employee specifically waives the benefit of any statute or rule
of law which, if applied to this Agreement, would otherwise exclude from its binding effect any claims not now known by him to exist. 
 2. Employee also
hereby knowingly and voluntarily releases and discharges the Company and Releasees, collectively, separately and severally, from and for any and all liability, claims, allegations, and causes of action arising under the Age Discrimination in
Employment Act of 1967, as amended (“ADEA”), which Employee, Employee’s heirs, administrators, executors, personal representatives, beneficiaries, and assigns may have or claim to have against the Company or Releasees. Notwithstanding
any other provision or section of this Agreement, Employee does not hereby waive any rights or claims under the ADEA that may arise after the date on which the Agreement is signed by him. 
 3. Employee further understands that he is releasing, and does hereby release, any claims for damages, by charge or otherwise, whether brought by him or on his behalf by
any other party, governmental or otherwise, and agrees not to institute any claims for damages via administrative or legal proceedings against any of the Company or Releasees. Employee also waives and releases any and all right to money damages or
other legal relief awarded by any governmental agency related to any charge or other claim against any of the Company or Releasees. 
 4. Employee’s
release of claims does not apply to any post-termination claim that Employee may have for benefits under the provisions of any employee benefit plan maintained by the Company, or to any payments to which Employee is or may hereafter be entitled
under Paragraphs 5(c) or 5(d) or any other provision, as applicable, of the Employment Agreement, or to any right or claim that survives termination of Employee’s employment under the terms of the Employment Agreement or the Option Agreements.
Employee’s release of claims shall not apply to any claims Employee might have to indemnification under any applicable Georgia Statute, or other applicable statute or regulation, or the Company’s by-laws, or otherwise. 
 5. Employee hereby acknowledges and represents that (a) he has been given a period of at least twenty-one (21) days to consider the terms of this Agreement,
(b) the Company has advised or hereby advises him in writing to consult with an attorney prior to executing this Agreement, and (c) he has received valuable and good consideration to which he is otherwise not entitled in exchange for his
execution of this Agreement. 
 6. Employee and the Company hereby acknowledge this Agreement shall not become effective or enforceable
until the eighth (8th) day after it is executed by Employee (“Effective
Date”) and that Employee may revoke this Agreement at any time before the Effective Date. Employee has been informed and understands that any such revocation must be in writing and delivered to the Company by hand, or sent by mail within the
7-day revocation period. If delivered by mail, the revocation must be: (1) postmarked within the 7-day revocation period, (2) properly addressed as set forth below, and (3) sent by certified mail, return receipt requested. 

 Proper Notice Address for Revocation Purposes 
 Mr. Charles H. Ogburn 
 Arcapita,
Inc. 
 75 Fourteenth Street 
 24th Floor 
 Atlanta, GA 30309 
 7. Employee agrees that he has not
heretofore assigned, transferred or hypothecated nor attempted to assign, transfer or hypothecate any interest he may have in the released claims. 
 8. In
consideration of Employee’s release and other promises herein, the sufficiency of which consideration the parties hereby acknowledge, the Company hereby releases, discharges, and covenants not to sue Employee from and for any and all state,
local or federal claims, causes of action, liabilities, and judgments of every type and description whatsoever, known and unknown (including, but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, as amended; the
Rehabilitation Act of 1973, as amended; the Employee Retirement Income Security Act of 1974, as amended; the Fair Labor Standards Act of 1938, as amended; the Americans with Disabilities Act; wrongful discharge; breach of contract; tortious
interference with contractual relations; promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; assault; battery; fraud; false imprisonment;
invasion of privacy; intentional or negligent misrepresentation; defamation, including libel, slander, discharge defamation and self- publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction
of emotional distress; or any other theory, whether legal or equitable) which the Company may have or claim to have against the Employee for any reason whatsoever. The Company specifically waives the benefit of any statute or rule of law which, if
applied to this Agreement, would otherwise exclude from its binding effect any claims not now known by it to exist. 
 9. The Company’s release of
claims shall not apply to Employee’s obligations under Paragraphs 7 through 10, 16 and 17 of the Employment Agreement. 
 10. Company agrees that it has
not assigned, transferred or hypothecated nor attempted to assign, transfer or hypothecate any interest it may have in the released claims. This Release is assignable by the Company to any person or entity which acquires all or substantially all of
the business of the Company, whether by merger, sale of assets or otherwise (an “Assignee”). 
 11. This Agreement shall in all respects be
governed and construed in accordance with the laws of the State of Georgia without regard to choice of law principles. 

									
	EMPLOYEE:	 		 	
			
	 	 		 	 
	Peter A. Schmitt	 		 	Date
			
	SMART DOCUMENT SOLUTIONS, LLC	 		 	
				
	By:	 	 	 		 	 
	Title:	 	 	 		 	DateEmployment Agreement - Frank Murphy

 Exhibit 10.5 
  
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made as of September 12, 2007 by and among Smart Document Solutions, LLC, a Georgia limited liability company (the “Company”) and Frank Murphy
(“Executive”). Capitalized terms used herein and not otherwise defined have the meanings assigned to such terms in Section 13. 
 WHEREAS, Executive has entered into that certain Amended and Restated Employment Agreement dated January 1, 2007 by and between the Company and the Executive (the “Existing Agreement”).

 WHEREAS, in connection with the transactions contemplated by the Purchase Agreement, Executive wishes to terminate the Existing Agreement
without liability to the Company or its Affiliates and enter into this Agreement with the Company. 
 NOW, THEREFORE, in consideration of the
mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Employment. The Company will employ Executive, and Executive accepts employment with the Company, upon the terms and conditions
set forth in this Agreement, for the period beginning on the date hereof and ending as provided in Section 6 (the “Employment Period”). 
 Section 2. Positions and Duties. During the Employment Period, Executive will serve as a member of the Board of Directors of the Company (the “Board”), a member of the Board of Directors
of Smart Holdings Corp. and as the Chief Executive Officer of Smart Holdings Corp., the Company and its other Subsidiaries, provided that Executive will not be obligated to become or remain an officer of any company (i) whose organization
documents do not provide indemnification provisions reasonably satisfactory to Executive and (ii) which is not covered by the directors’ and officers’ liability policy referred to in Section 11(b) hereof. Executive shall have
such responsibilities, duties and authority as are assigned to him by the Board; provided that all such services and functions shall be reasonably consistent with the position of Chief Executive Officer and within Executive’s area of expertise.
Without limiting the foregoing, Executive will be responsible for the overall business of the Company and its Subsidiaries, including strategic planning, management recruiting, strategic relationships, capital formation (under the guidance of the
Board), operations reviews and oversight, and investor and financial community relations, and will render such managerial, analytical, administrative, marketing, creative and other executive services to the Company and Holdings and its other
Subsidiaries as are from time to time necessary in connection with the management and affairs of such Persons (including the management of the business and affairs of the Company and its other Subsidiaries), in each case subject to the authority of
the Board. Executive agrees to devote such of Executive’s business time, attention and energies as are necessary for the diligent performance of Executive’s duties hereunder. Executive will report directly to the Chairman of the Board,
Patrick J. Haynes, III. All other employees of the Company and its Subsidiaries will report, directly or indirectly, to Executive. Executive will perform Executive’s duties and responsibilities to the best of Executive’s abilities in a
diligent, trustworthy, businesslike and efficient manner. 
  

 1 

 Section 3. Location. Executive’s duties hereunder will be performed in the greater
metropolitan Alpharetta, Georgia area, subject to customary travel obligations as will be required in the diligent performance of such duties. The Company agrees to maintain an office for Executive in the greater metropolitan Alpharetta area as is
approved by the Board, and to provide all equipment, supplies and other items reasonably required for the performance of Executive’s duties under this Agreement at such office. 
 Section 4. Salary and Benefits. 
 (a) Salary. During the Employment Period, the Company will pay Executive salary in the amount of $437,000 per year (as in effect from time to time, the “Salary”) as compensation for services. The Salary will be
payable in regular installments in accordance with the general payroll practices of the Company and its Subsidiaries, but in no event less frequently than monthly. Executive’s Salary will be reviewed on at least an annual basis, beginning on
the one year anniversary of the date of this Agreement (such anniversary date, each anniversary date thereafter, and any additional review dates as described in the proviso hereto, a “Date of Determination”); provided that
additional reviews shall be conducted as soon as practical following the receipt of three full months of financial statements of the Company subsequent to any add on acquisition to the Company or any of its Subsidiaries. Such reviews will be
conducted by the Board or a committee designated by the Board. 
 (b) Benefits. Executive shall be entitled to the same perquisites
and benefits as are made available to other senior executive employees of the Company, as well as such other perquisites or benefits as may be specified from time to time by the Board. During the Employment Period, the Company will provide Executive
with family health and dental, life, long-term disability and Directors’ and Officers’ liability insurance under such plans as the Board may establish or maintain from time to time for senior executive officers of the Company and its
Subsidiaries (collectively, the “Benefits”). 
 (c) Vacation. Executive will be entitled to four weeks of paid
vacation each year. 
 (d) Reimbursement of Expenses. During the Employment Period, the Company will reimburse Executive for all
reasonable out-of-pocket expenses incurred by Executive in the course of performing Executive’s duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment
and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 
 (e)
Automobile Allowance. During the Employment Period, the Company will lease for Executive, or reimburse Executive for the reasonable costs of leasing, an automobile of Executive’s choice; provided that in no event will the
Company’s obligations under this Section 4(e) exceed $1,500 per month. 
 (f) Professional Education. Executive’s
attendance at professional seminars will be decided on an ad hoc basis by the Board and Executive. 
 Section 5. Bonus. During
the Employment Period, Executive will be eligible to receive an annual cash bonus of up to 100% of Executive’s Salary (the “Bonus”) as determined and approved by the Board. The Bonus to the extent payable, will be payable in
accordance with the general payroll practices of the Company and its Subsidiaries, but in no event later than 30 days after the Date of Determination for the year in which such Bonus relates. 
  

 2 

 Section 6. Termination of Employment. The Employment Period will commence on the date hereof
and will continue until the fifth year anniversary of the date hereof (the “Original Term”), unless sooner terminated as set forth in this Section. The Employment Period shall be renewable for successive one-year terms thereafter at
the discretion of the Company (each, as applicable, a “Renewal Term”). In the event the Company chooses not to renew this Agreement at the conclusion of the Original Term, the Company shall give Executive sixty (60) days advance
written notice of such intent. Failing such notice, this Agreement shall automatically renew for an additional one-year period and shall thereafter renew annually on the anniversary date of this Agreement subject to the Company’s right to
provide sixty (60) days advance written notice of its intention not to renew the Employment Period. The termination provisions are as follows: 
 (a) By the Company, For Cause (as that term is defined below), upon written notice to Executive. 
 (b) Upon the death of Executive.

 (c) By Executive, up to 30 days after written notice to the Company of resignation by Executive (which time period will be in the sole
discretion of the Company). 
 (d) If Executive fails to perform his duties under this Agreement on account of Disability (as hereinafter
defined), the Company may give notice to Executive to terminate this Agreement on a date not less man 30 days thereafter (“Notice Period”), and, if Executive has not resumed full performance of Executive’s duties under this
Agreement within such Notice Period, then Executive’s employment under this Agreement will terminate on the date provided in the notice. As used in this Agreement, the term “Disability” will mean the inability of Executive to
perform Executive’s duties under this Agreement by reason of a physical or mental disability that, after the expiration of more than 26 weeks after its commencement, is determined to be total and permanent by a physician selected by the Company
or its insurers and acceptable to Executive or his legal representatives (such agreement to acceptability not be withheld unreasonably). 
 (e) By Executive, in the event the Company is in material breach of any of its obligations hereunder and such breach is not cured within 30 days of written notice thereof from Executive. A material breach of the Company’s obligations
under this Agreement includes, without limitation, (i) a material change in Executive’s reporting structure, responsibilities or obligations under this Agreement without Executive’s prior written consent; or (ii) Executive’s
Salary, as in effect as of the date hereof or as the same may be increased by the Board from time to time thereafter, is reduced, unless such reduction is agreed to by Executive in writing; or (iii) the Company requires Executive to relocate to
a place that is not in the greater metropolitan Atlanta, Georgia area. 
 (f) By the Company, other than as described in clause (a),
(b) or (d) above, including in connection with a Sale of the Company. 
 For purposes of this Agreement, “For
Cause” will mean Executive’s (i) conviction of, or plea of guilty or no contest or similar plea with respect to, either (A) a felony or (B) any crime that causes Holdings and its Subsidiaries, taken as a whole, a
substantial and material financial detriment; 

  

 3 

 
(ii) commission of an act involving fraud or embezzlement with respect to Holdings or any of its Subsidiaries; (iii) substantial and repeated failure
(except where due to illness, Disability or incapacity) to perform Executive’s duties hereunder, which failure is not cured within 30 days after written notice thereof to Executive from the Company which notice will specifically set forth the
nature of such failure and the actions required to correct the same; (iv) commission of any willful or intentional act of Executive that has the intended effect of injuring the reputation or business of Holdings or its Affiliates in any
material respect; or (v) continued or repeated absence from the Company, unless such absence is (A) in compliance with Company policy or approved or excused by the Board or (B) is the result of Executive’s illness, Disability or
incapacity; provided, however, that the Company’s failure to achieve certain results will not be deemed to constitute “For Cause” so long as Executive uses Executive’s reasonable best efforts to perform his duties under
this Agreement. 
 In the event the Employment Period terminates by reason of Executive’s resignation under Section 6(c), death or
Disability or the Company terminates the Employment Period For Cause, Executive will not be entitled to receive his Salary or any fringe benefits (except welfare benefits which Executive elects to continue at his sole expense in accordance with any
welfare plans) or Bonus for periods after the Termination Date. In the event the Employment Period is terminated by the Company pursuant to Section 6(f) or by Executive pursuant to Section 6(e), or in the event the Company elects not to
renew this Agreement pursuant to the first paragraph of this Section 6, then so long as Executive continues to comply with Sections 8 and 9, Executive will be entitled to receive (i) severance payments in an aggregate amount equal to two
year’s Salary based on the Salary in effect at the time the Employment Period is terminated and (ii) Benefits at the same level as they are provided from time to time to the Company’s senior management employees, for a period equal to
two years from the date of such termination. Any such severance payments paid to Executive by the Company will be paid in 24 consecutive equal monthly installments commencing one month from the Termination Date; provided that Executive will
be required to sign a release, in the form as set forth in Exhibit A attached hereto, as a condition to receiving such payments and Benefits. 
 Notwithstanding anything to the contrary contained herein, if at the time of Executive’s termination of employment pursuant to either Section 6(f) or 6(e), the Company is “readily tradeable” as
defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and Executive is a Specified Employee as of such date, if the sum of the installments to be received by Executive for the six (6) month period
immediately following the Termination Date exceed the Safe Harbor Amount, then the amount in excess of the Safe Harbor Amount shall be paid to Executive with the first installment payable immediately following the end of such six (6) month
period, and any amounts deferred as a result of the application of this paragraph shall accrue interest at the prime rate and shall be paid with the first installment payable immediately following the end of the six month period. 
 Section 7. Resignation as Officer or Director. Upon the termination of the Employment Period, Executive will be deemed to have resigned from
each position (if any) that Executive then holds as an officer or director of Holdings or any of its Subsidiaries (including his membership on the Board and the board of directors of any Subsidiary of Holdings), and Executive will take any action
that Holdings or any of its Subsidiaries may request in order to confirm or evidence such resignation. 
 Section 8. Confidential
Information. Executive acknowledges that the information, observations and data that have been or may be obtained by Executive during Executive’s employment relationship with, or through Executive’s involvement as a member or 

  

 4 

 
stockholder of, Holdings or any Subsidiary or predecessor thereof (each of Holdings, any Subsidiary or Affiliate or any such affiliate predecessor being a
“Related Company”), prior to and after the date of this Agreement concerning the business or affairs of the Related Companies (collectively, “Confidential Information”) are and will be the property of the Related
Companies. Therefore, Executive agrees that Executive will not disclose to any unauthorized Person or use for the account of Executive or any other Person any Confidential Information without the prior written consent of Holdings (by the action of
the Board), unless and to the extent that such Confidential Information has become generally known to and available for use by the public other than as a result of Executive’s improper acts or omissions to act, or is required to be disclosed by
law. Executive will deliver or cause to be delivered to the Company at the termination of Executive’s employment with the Company or its Subsidiary, or at any other time Holdings or any of its Subsidiaries may reasonably request, all memoranda,
notes, plans, records, reports, computer tapes and software and other documents and data (and copies thereof) containing or relating to Confidential Information or the business of any Related Company which Executive may then possess or have under
Executive’s control. Notwithstanding the foregoing, the provisions of this Section will not apply to information required to be disclosed by Executive in the ordinary course of his duties hereunder. 
 Section 9. Non-Compete, Non-Solicitation. 
 (a) Non-Compete. Executive acknowledges that during Executive’s employment relationship with, or through Executive’s involvement as a member or stockholder of, any Related Company, Executive has and
will become familiar with trade secrets and other Confidential Information concerning such Related Companies, and with investment opportunities relating to their respective businesses, and that Executive’s services have been and will be of
special, unique and extraordinary value to the foregoing entities. Therefore, Executive agrees that, during the Employment Period and for a period of one year thereafter (the “Noncompete Period”), Executive will not directly or
indirectly own, manage, control, participate in, consult with, render services for, or in any other manner engage in any business, or as an investor in or lender to any business (in each case including on Executive’s own behalf or on behalf of
another Person) which constitutes or is competitive with all or part of the business of Holdings or its Subsidiaries (as and where the same is conducted or proposed to be conducted by the Related Companies during the Employment Period, or as of the
end of the Employment Period if the Employment Period has then ended). Nothing in this Section 9 will prohibit Executive from being a passive owner of less than 5% of the outstanding stock of a corporation of any class which is publicly traded,
so long as Executive has no direct or indirect participation in the business of such corporation. By initialing in the space provided below, Executive acknowledges that Executive has read carefully and had the opportunity to consult with legal
counsel regarding the provisions of this Section 9(a). /s/ FM [initial]. 
 (b) Non-Solicitation. During the
Noncompete Period, Executive will not directly or indirectly (i) induce or attempt to induce any employee or independent contractor of any Related Company to leave the employ or contracting relationship with such entity, or in any way interfere
with the relationship between any such entity and any employee or full-time independent contractor thereof, or (ii) induce or attempt to induce any customer, supplier or other business relation of any Related Company to cease doing business
with such entity or in any way interfere with the relationship between any such customer, supplier or other business relation and such entity. By initialing in the space provided below, Executive acknowledges that Executive has read carefully and
had the opportunity to consult with legal counsel regarding the provisions of this Section 9(b). /s/ FM [initial]. 
  

 5 

 Section 10. Enforcement. The Company and Executive agree that if, at the time of enforcement
of Section 8 or Section 9, a court holds that any restriction stated in any such Section is unreasonable under circumstances then existing, then the maximum period, scope or geographical area reasonable under such circumstances will be
substituted for the stated period, scope or area. Because Executive’s services are unique and because Executive has access to information of the type described in Section 8 or Section 9, the Company and Executive agree that money
damages would be an inadequate remedy for any breach of Section 8 or Section 9. Therefore, in the event of a breach of Section 8 or Section 9, any Related Company may, in addition to other rights and remedies existing in their
favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions of Section 8 or Section 9. The provisions of Section 8,
Section 9 and Section 10 are intended to be for the benefit of each Related Company and their respective successors and assigns, each of which may enforce such provisions and each of which (other than the Company) is an express third-party
beneficiary of such provisions and this Agreement generally. Sections 8, Section 9 and Section 10 will survive and continue in full force in accordance with their terms notwithstanding any termination of the Employment Period. By
initialing in the space provided-below, Executive acknowledges that Executive has read carefully and had the opportunity to consult with legal counsel regarding the provisions of this Section 10. /s/ FM [initial]. 

Section 11. Representations and Warranties. 
 (a) Executive. Executive represents and warrants to the Company as follows: 
 (i)
Other Agreements. Executive is not a party to or bound by any employment, noncompete, nonsolicitation, nondisclosure, confidentiality or similar agreement with any other Person which would materially affect Executive’s performance under
this Agreement. 
 (ii) Authorization. This Agreement when executed and delivered will constitute a valid and legally
binding obligation of Executive, enforceable against Executive in accordance with its terms, subject to bankruptcy, insolvency and other similar laws affecting the rights and remedies of creditors generally and general principles of equity.

 (b) The Company. The Company hereby represents and warrants to Executive as follows: 
 (i) D&Q Insurance. The Company shall maintain directors’ and officers’ liability insurance in an amount of no less
than $3,000,000, and that Executive will be covered under such policy while serving in all capacities contemplated hereby. 
 (ii) Authorization. This Agreement when executed and delivered will constitute a valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency and
other similar laws affecting the rights and remedies of creditors generally and general principles of equity. 
 Section 12. Survival of
Representations and Warranties. All representations and warranties contained herein will survive the execution and delivery of this Agreement. 
  

 6 

 Section 13. Certain Definitions. When used herein, the following terms will have the following
meanings: 
 “ABRY” means ABRY Partners V, L.P. and each of its Affiliates. 
 “Affiliate” of any specified Person shall mean any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or
otherwise. 
 “Business Day” means a day that is not a Saturday, a Sunday or a statutory or civic holiday in the State of
New York, the State of Illinois, State of Georgia or the Commonwealth of Massachusetts. 
 “Closing Date” means
June 15, 2007. 
 “Credit Agreement” means the Credit Agreement dated as of June 15, 2007, by and among CT
Technologies Intermediate Holdings, Inc., a Delaware corporation, as borrower, CT Technologies Intermediate Holdings (Topco), Inc., a Delaware corporation, as the parent guarantor, its Subsidiaries signatory thereto as guarantors or hereafter
designated as guarantors pursuant to the terms thereof, the lenders from time to time party thereto, and Ares Capital Corporation, a Maryland corporation (“ARCC”), as administrative agent for the senior lenders (in such capacity,
together with its successors and assigns in such capacity, the “Senior Administrative Agent”) and ARCC, as collateral agent for the secured parties thereunder and ARCC, as lead arranger and bookrunner, including any deferrals,
renewals, extensions, replacements, refinancings or refundings thereof, or amendments, modifications or supplements thereto and any agreement providing thereof (including any restatements thereof and any increases in the amount of commitments
thereunder), whether in one or more separate agreements and whether by or with the same or any other lender, creditor, or any one or more groups of lenders or group of creditors (whether or not including any or all of the financial institutions
party to the aforementioned credit agreements). 
 “Holdings” means CT Technologies Holdings, LLC, a Delaware limited
liability company. 
 “Incentive Share Purchase Agreement” means that certain Incentive Share Purchase Agreement dated as of
September 12, 2007, among Holdings, ABRY and Executive. 
 “LLC Agreement” means the Holdings Amended and Restated
Limited Liability Company Agreement entered into as of the Closing Date, as in effect from time to time. 
 “Members
Agreement” means the Amended and Restated Members Agreement entered into as of the Closing Date among Holdings and its members, as in effect from time to time. 
 “Person” means an individual, a partnership, a corporation, an association, a limited liability company, a joint stock company, a trust, a joint venture, an unincorporated organization or any other
entity (including any governmental entity or any department, agency or political subdivision thereof). 
  

 7 

 “Registration Rights Agreement” means the Amended and Restated Registration Rights
Agreement entered into as of the Closing Date among Holdings and certain of its members, as in effect from time to time. 
 “Safe
Harbor Amount” means two times the lesser of: (i) an amount equal to the limit on compensation set forth in Section 401(a)(17) of the Code for the year in which the termination of employment occurs; or (ii) the
Employee’s annual compensation for the taxable year immediately preceding the Employee’s taxable year in which the termination of employment occurs. 
 “Sale of the Company” means the consummation of any merger or consolidation of Holdings with or into any other Person or any sale of all or substantially all of the ownership interests or assets of
Holdings and its Subsidiaries, taken as a whole (other than a transaction following which the holders of the outstanding membership interests of Holdings prior to such transaction together own a majority of the outstanding ownership interests of the
surviving or resulting corporation or business entity). 
 “Specified Employee” means a “key employee” (as defined
in Section 416(i) of the Code, disregarding Section 416(i)(5) of the Code) of the Company. Employee shall be treated as a key employee if the Employee meets the requirements of Section 416(i)(1)(A)(i), (ii), or (iii) at any time
during the twelve (12) month period ending on an “identification date”. If Employee is a “key employee” as of the “identification date” Employee shall be treated as a Specified Employee for the twelve
(12) month period beginning on the first day of the fourth month following such “identification date”. For purposes of any “Specified Employee” determination hereunder, the “identification date” shall mean the last
day of the calendar year. 
 “Subsidiaries” means, with respect to any Person, any corporation, limited liability company,
partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof
is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business
entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of such Person or entity or a combination thereof. For purposes
hereof, a Person or Persons will be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons will be allocated a majority of limited liability company,
partnership, association or other business entity gains or losses or will be or control any managing director, managing member, or general partner of such limited liability company, partnership, association or other business entity. Unless stated to
the contrary, as used in this Agreement the term Subsidiary means a Subsidiary of Holdings. 
 “Termination Date” means the
date on which the Employment Period ends, as determined pursuant to the provisions of Section 6. 
 Section 14. “Key Man”
and Life Insurance. Executive agrees to submit to any requested physical examination in connection with Holdings’ or any Subsidiary’s purchase of a “key-man” life insurance policy. Executive agrees to cooperate fully in
connection with the underwriting, purchase and/or retention of a key-man life insurance policy by Holdings or any of its Subsidiaries. 
  

 8 

 Section 15. 280G Parachute Payments. In the event the Company determines in good faith that
any payments or benefits (whether made or provided pursuant to this Agreement or otherwise) provided to Executive constitute “parachute payments” within the meaning of Section 280G of the Code (“Parachute Payments”),
and will be subject to an excise tax imposed pursuant to Section 4999 of the Code, the Executive’s Parachute Payments will be reduced to an amount determined by the Company in good faith to be the maximum amount that may be provided to the
Executive without resulting in any portion of such Parachute Payments being subject to such excise tax (the amount of such reduction, the “Cutback Benefits”), except that no such reduction shall be made to the extent that the
amounts receivable by Executive net of all such taxes (including, without limitation, any excise taxes) on such amounts before such reductions would be greater than the amounts receivable by the Executive net of all such taxes after such reduction.
If applicable, the Executive shall be entitled to (a) select which Parachute Payments shall be reduced hereunder and (b) make the selection set forth under clause (a) of this Section 15 which maximizes the post-tax benefit to the
Executive; provided, that (x) the Company shall provide to Executive, at least 30 days prior to any event in which the Company determines pursuant to this Section 15 may trigger a Parachute Payment (any such event a “Trigger
Event”), any financial information reasonably necessary for the Executive to make his selection pursuant to clause (a) of this Section 15 and (y) if the Executive fails to so select within 10 days of such Trigger Event, the
Company shall select which Parachute Payments will be reduced. Notwithstanding the foregoing, the Company shall use reasonable efforts to obtain the approval of the Cutback Benefits by the Company’s shareholders in the manner contemplated by
Q&A 7 of Treas. Reg. Section 1.280G, it being understood and agreed that the Company does not guarantee that such approval will be obtained. If, and only if, the Company submits the Cutback Benefits for such approval by the Company’s
shareholders and such approval is obtained, the Executive shall be entitled to receive the Cutback Benefits without regard to the first sentence of this paragraph. 
 Section 16. Miscellaneous. 
 (a) Notices. All notices, demands or other communications to
be given or delivered by reason of the provisions of this Agreement will be in writing and will be deemed to have been given (i) on the date of personal delivery to the recipient or an officer of the recipient, or (ii) when sent by
telecopy or facsimile machine to the number shown below on the date of such confirmed facsimile or telecopy transmission (provided that a confirming copy is sent via overnight mail), or (iii) when properly deposited for delivery by a nationally
recognized commercial overnight delivery service, prepaid, or by deposit in the United States mail, certified or registered mail, postage prepaid, return receipt requested. Such notices, demands and other communications will be sent to each party at
the address indicated for such party below: 
 Notices to Executive, to: 
 Frank Murphy 
 2017 Kinderton Manor Drive

 Duluth, Georgia 30097 
  

 9 

 Notices to the Company, to: 
 Smart Document Solutions, LLC 
 c/o ABRY
Partners, LLC 
 111 Huntington Avenue, 30th Floor 
 Boston,
Massachusetts 02199 
 Facsimile: (617) 859-7205 
 Attention: Jay Grossman, Erik Brooks, Hilary Grove 
 with a copy (which will not constitute notice to the
Company), to: 
 Kirkland & Ellis LLP 
 Citigroup Center 
 153 East 53rd Street 
 New York, New York 10022 
 Facsimile:
212-446-4900 
 Attention: Armand A. Della Monica 
 or to such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 
 (b) Consent to Amendments. No modification, amendment or waiver of any provision of this Agreement will be effective against any party hereto unless such modification, amendment or waiver is approved in writing
by such party. No other course of dealing between the Company, ABRY and Executive or any delay in exercising any rights hereunder will operate as a waiver by any of the parties hereto of any rights hereunder. 
 (c) Successors and Assigns. All covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto will bind and
inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. 
 (d) Severability.
Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such
provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 (e) Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and
the same Agreement. 
 (f) Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement will be by way of example rather than by limitation. 
 (g) Governing Law. Issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the
exhibits and schedules hereto will be governed by, and construed in accordance with, the laws of the State of 

  

 10 

 
Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware will control the interpretation and construction of this Agreement (and the
schedules hereto), even though under Delaware’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 
 (h) Waiver of Jury Trial. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER
THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. EACH PARTY TO THIS AGREEMENT HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION WILL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 (i) Submission to Jurisdiction. ANY AND ALL SUITS, LEGAL ACTIONS OR PROCEEDINGS ARISING OUT OF THIS AGREEMENT WILL BE BROUGHT (A) IF THE
DEFENDANT IS THE COMPANY, IN THE SUPERIOR COURT OF FULTON COUNTY, STATE OF GEORGIA OR THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA OR (B) IF THE DEFENDANT IS THE EXECUTIVE, IN THE COURT OF CHANCERY OF THE STATE OF
DELAWARE OR THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE, AND EACH PARTY HEREBY SUBMITS TO AND ACCEPTS THE EXCLUSIVE JURISDICTION OF SUCH COURTS FOR THE PURPOSE OF SUCH SUITS, LEGAL ACTIONS OR PROCEEDINGS. IN ANY SUCH SUIT, LEGAL
ACTION OR PROCEEDING, EACH PARTY WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS AND AGREES THAT SERVICE THEREOF MAY BE MADE BY ANY MEANS SPECIFIED FOR NOTICE PURSUANT TO SECTION 16(a). TO THE FULLEST EXTENT PERMITTED BY LAW, EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OR ANY SUCH SUIT, LEGAL ACTION OR PROCEEDING IN ANY SUCH COURT AND HEREBY FURTHER WAIVES ANY CLAIM THAT ANY SUIT, LEGAL ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 (j) No Strict Construction. The parties hereto have
participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto, and no presumption or
burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 (k)
Entire Agreement. Except as otherwise expressly set forth in this Agreement, this Agreement and the other agreements referred to in this Agreement embody the complete agreement and understanding among the parties to this Agreement with
respect to the subject matter 

  

 11 

 
of this Agreement, and supersede and preempt any prior understandings, agreements, including the Existing Agreement and other prior employment agreements
between the Company or any of its Subsidiaries and the Executive, or representations by or among the parties or their predecessors, written or oral, which may have related to the subject matter of this Agreement in any way. 
 (l) Termination of Existing Agreement and Release. Except with respect to the obligations of the Company under Section 5(k) of the Existing
Agreement in respect of the transactions under the Purchase Agreement (which shall remain in full force and effect), each of the Company and Executive hereby acknowledges and agrees that the Existing Agreement, irrespective of any provision
contained therein, shall be terminated as of the date hereof without any liability thereunder to the Executive, the Company or its Affiliates. Except with respect to the obligations of the Company under Section 5(k) of the Existing Agreement in
respect of the transactions under the Purchase Agreement (which shall remain in full force and effect), each of the Company and Executive expressly releases and forever discharges the other party hereto from any and all claims arising under the
Existing Agreement which such Person now has, has ever had, or may hereafter have against the other party hereto, whether such claims are pending on, or asserted after, the date hereof. 
 (m) Time is of the Essence. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any
privilege or the discharge or any duty hereunder will fall upon a day that is not a Business Day, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a Business Day.

 (n) Actions by the Company. Any action, election or determination by the Board or any committee thereof pursuant to or relating to
this Agreement will be effective if, and only if, it is taken or made by (or with the prior approval of) a majority of the members of the Board who are not at the time employees of Holdings or any of its Subsidiaries. 
 (o) Compliance with Section 409A of the Code. This Agreement (i) is intended to comply with, (ii) shall be interpreted and its
provisions shall be applied in a manner that is consistent with, and (iii) shall have any ambiguities therein interpreted, to the extent possible, in a manner that complies with Section 409A of the Code. 
 *    *    *    *    * 
  

 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Executive Employment Agreement as of the date
first written above. 
  

					
	SMART DOCUMENT SOLUTIONS, LLC
		
	By:	 	/s/ Gerald L. Hansberger
		 	Name:	 	Gerald L. Hansberger
		 	Title:	 	Assistant Secretary

 IN WITNESS WHEREOF, the parties hereto have executed this Executive Employment Agreement as of the date
first written above. 
  

	
	/s/ Frank Murphy
	Frank Murphy

 EXHIBIT A 
 MUTUAL GENERAL RELEASE AND COVENANT NOT TO SUE 
 This MUTUAL GENERAL RELEASE AND COVENANT NOT TO SUE
(this “Release”) is made as of                 (the “Release Date”) by and between Smart Document Solutions, LLC, (the
“Company”) and Frank B. Murphy (“Executive”). 
 Capitalized terms not otherwise defined herein shall have
the meaning as set forth in the Executive Employment Agreement dated September 12, 2007 by and among the Company and Executive (the “Employment Agreement”). 
 Section 1. In consideration of (a) severance payments in an aggregate amount equal to two year’s Salary based on the Salary in effect at
the time the Employment Period is terminated (payable in accordance with the Employment Agreement), (b) Benefits at the same level as they are provided from time to time to the Company’s senior management employees, for a period equal to
two years from the date of such termination and (c) the Company’s release and other promises herein, the sufficiency of which consideration the parties hereby acknowledge, Executive hereby knowingly and voluntarily releases, discharges,
and covenants not to sue the Company, its predecessors, successors, parents, subsidiaries, affiliates, divisions, and Assignees, and their respective current and former employees, officers, directors, shareholders, representatives, benefits plans
and benefits plans administrators or agents, ABRY, its Affiliates or any the Related Companies (collectively referred to herein as “Releasees”), collectively, separately, and severally, from and for any and all state, local or
federal claims, causes of action, liabilities, and judgments of every type and description whatsoever, known and unknown (including, but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, as amended; the Rehabilitation
Act of 1973, as amended; the Employee Retirement Income Security Act of 1974, as amended; the Fair Labor Standards Act of 1938, as amended; the Americans with Disabilities Act; wrongful discharge; breach of contract; tortious interference with
contractual relations; promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; assault; battery; fraud; false imprisonment; invasion of privacy;
intentional or negligent misrepresentation; defamation, including libel, slander, discharge defamation and self-publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional
distress; or any other theory, whether legal or equitable) which he, his heirs, administrators, executors, personal representatives, beneficiaries, and assigns may have or claim to have against the Company and Releasees for any reason whatsoever,
except as set forth in Section 4 of this Release. Executive specifically waives the benefit of any statute or rule of law which, if applied to this Release, would otherwise exclude from its binding effect any claims not now known by him to
exist. 
 Section 2. Executive also hereby knowingly and voluntarily releases and discharges the Company and Releasees, collectively,
separately and severally, from and for any and all liability, claims, allegations, and causes of action arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), which Executive, Executive’s heirs,
administrators, executors, personal representatives, beneficiaries, and assigns may have or claim to have against the Company or Releasees. Notwithstanding any other provision or section of this Release, Executive does not hereby waive any rights or
claims under the ADEA that may arise after the date on which the Release is signed by him. 

 Section 3. Executive further understands that he is releasing, and does hereby release, any claims
for damages, by charge or otherwise, whether brought by him or on his behalf by any other party, governmental or otherwise, and agrees not to institute any claims for damages via administrative or legal proceedings against any of the Company or
Releasees. Executive also waives and releases any and all right to money damages or other legal relief awarded by any governmental agency related to any charge or other claim against any of the Company or Releasees. 
 Section 4. Executive’s release of claims does not apply to any post-termination claim that Executive may have for benefits under the provisions
of any employee benefit plan maintained by or on behalf of the Company (including, without limitation, the Incentive Share Purchase Agreement, or any other equity compensation arrangement), or to any payments to which Executive is or may hereafter
be entitled as result of Executive’s termination of employment under Sections 6(e) or 6(f) (or in the event that the Company elects not to renew the Employment Agreement pursuant to the first paragraph of Section 6 of the Employment
Agreement) of the Employment Agreement, or to any right or claim that survives termination of Executive’s employment under the terms of the Employment Agreement, or to the LLC Agreement, the Registration Rights Agreement or the Members
Agreement. Executive’s release of claims shall not apply to any claims Executive might have to indemnification under any applicable Delaware or Georgia statute, or other applicable statute or regulation, or the Company’s by-laws, or
otherwise. 
 Section 5. Executive hereby acknowledges and represents that (a) he has been given a period of at least twenty-one
(21) days to consider the terms of this Agreement, (b) the Company has advised or hereby advises him in writing to consult with an attorney prior to executing this Agreement, and (c) he has received valuable and good consideration to
which he is otherwise not entitled in exchange for his execution of this Agreement. 
 Section 6. Executive and the Company hereby
acknowledge this Release shall not become effective or enforceable until the eighth (8th) day after it is executed by Executive (“Effective Date”) and that Executive may revoke this Release at any time before the Effective
Date. Executive has been informed and understands that any such revocation must be in writing and delivered pursuant to Section 16(a) of the Employment Agreement. 
 Section 7. Executive agrees that he has not heretofore assigned, transferred or hypothecated nor attempted to assign, transfer or hypothecate any interest he may have in the released claims. 
 Section 8. In consideration of Executive’s release and other promises herein, the sufficiency of which consideration the parties hereby
acknowledge, each of the Company, Smart Holdings Corp., Holdings and ABRY (collectively referred to herein as the “Company Parties”) hereby releases, discharges, and covenants not to sue Executive from and for any and all state,
local or federal claims, causes of action, liabilities, and judgments of every type and description whatsoever, known and unknown (including, but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, as amended; the
Rehabilitation Act of 1973, as amended; the Employee Retirement Income Security Act of 1974, as amended; the Fair Labor Standards Act of 1938, as amended; the Americans with Disabilities Act; wrongful discharge: breach of contract; tortious
interference with contractual relations; promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; assault; battery; fraud; false imprisonment;
invasion of privacy; intentional or negligent misrepresentation; defamation, including libel, slander, discharge defamation and self-publication 

 
defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional distress; or any other theory, whether
legal or equitable) which any of the Company Parties may have or claim to have against the Executive for any reason whatsoever. Each of the Company Parties specifically waives the benefit of any statute or rule of law which, if applied to this
Agreement, would otherwise exclude from its binding effect any claims not now known by it to exist. 
 Section 9. Each of the Company
Party’s release of claims shall not apply to Executive’s obligations under Sections 7 through 10 and 16(i) of the Employment Agreement, the LLC Agreement, the Registration Rights Agreement, the Incentive Share Purchase Agreement or the
Members Agreement. 
 Section 10. Each of the Company Parties agrees that it has not assigned, transferred or hypothecated nor attempted
to assign, transfer or hypothecate any interest it may have in the released claims. This Release is assignable by the Company to any person or entity which acquires all or substantially all of the business of the Company, whether by merger, sale of
assets or otherwise (an “Assignee”). 
 Section 11. This Agreement shall in all respects be governed and construed in
accordance with the laws of the State of Delaware without regard to choice of law principles. 
 *    *    * 

 IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first written above.

  

					
	SMART DOCUMENT SOLUTIONS, LLC
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first written above.

  

					
	SMART HOLDINGS CORP.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first written above.

  

			
	CT TECHNOLOGIES HOLDINGS, LLC
		
	By:	 	 
		 	Name:
		 	Title:

 IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first written above.

  

			
	ABRY PARTNERS V, L.P.
		
	By:	 	 ABRY V Capital Partners, L.P.
 Its General
Partner

		
	By:	 	 ABRY V Capital Partners, LLC,
 Its General
Partner

		
	By:	 	 
		 	Name:
		 	Title:

 [Signature to the Mutual Release] 

 IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first written above.

  

	
	  
	Frank Murphy

 [Signature to the Murphy Employment Agreement]

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