Document:

Exhibit 10.04

 

EMPLOYMENT AGREEMENT

 

In consideration for being
employed by Adaptec, Inc. (hereinafter, “Adaptec”), LIM Kok Yong (hereinafter,
“Employee”) and Adaptec acknowledge and agree to be bound by the following
Executive Employment Agreement:

 

1.                                       DUTIES AND
RESPONSIBILITIES: Employee will
be employed by Adaptec in the position of Vice President, Operations, Managing
Director Adaptec Manufacturing Singapore reporting to Adaptec’s President
(hereinafter, “President”).  Employee’s
duties and responsibilities will be assigned by Adaptec’s President or his
designee.  Employee’s duties and
responsibilities may be altered, modified and changed as Adaptec’s CEO or
President deems appropriate.

 

2.                                       COMPENSATION: Employee’s base salary will be 326,950 SGD
per year.  Adaptec’s CEO and Compensation
Committee of the Board of Directors may increase Employee’s base salary from
time to time as they deem appropriate. In addition, Employee will be eligible
to participate in Adaptec’s Executive Bonus Incentive Plan at a targeted amount
of 50% of annual base salary. That plan has a variable payout based upon
Adaptec’s performance, as well as the performance of Employee. The performance
targets for Adaptec and Employee which shall serve as the basis for awarding
Employee an incentive bonus shall be established by Adaptec’s CEO and Board of
Directors, in their sole discretion, at the beginning of each Fiscal Year. It
is within the sole discretion of Adaptec’s CEO or his designee to determine
whether Employee achieved all or part of the targets established as well as the
resulting bonus amount to be awarded. All bonus plans, including all
performance targets and all other aspects and KY
Lim Employment AgreementAdaptec’s CEO and Board of Directors in their
sole discretion.

 

3.                                       STOCK OPTIONS: As deemed appropriate by Adaptec’s CEO and
Board of Directors, Employee may receive option grants under the 2004 Equity
Incentive Plan.  The future grants will
vary in number given and in vesting schedules.

 

4.                                       BENEFITS: Employee shall be eligible for all benefits
normally and regularly provided to Adaptec’s Singapore Manufacturing executive
staff as may be in effect from time to time, if any, in accordance with the rules established
from time to time for individual participation in any such plans.

 

5.                                       EMPLOYEE’S AT-WILL
EMPLOYMENT: Employee understands
and agrees that his employment relationship with Adaptec is for an INDEFINITE PERIOD and is on an AT-WILL basis. This means that
Employee is free to terminate his employment with Adaptec at any time with or
without cause or notice and that Adaptec is similarly entitled to terminate
Employee’s employment at any time with or without cause or notice. Employee understands
and agrees that the AT-WILL nature
of his employment with Adaptec will be maintained throughout the time he is
employed by Adaptec and can only be changed by an express written employment
contract specifically prepared for Employee and signed by Adaptec’s CEO. If
Employee’s employment is terminated for any reason, including as a result of resignation
or constructive termination, Employee shall not be entitled to any payments,
benefits, damages, awards or compensation other than as expressly and
specifically required by Paragraph 8 of this Agreement.

 

6.                                       OUTSIDE ACTIVITIES: During Employee’s employment with Adaptec,
he agrees to devote his full productive time, energies and abilities to the
proper and efficient management of Adaptec’s business. Without express, prior
written authorization from Adaptec’s Board of Directors, Employee shall not,
directly or indirectly, during the term of his employment: 

 

1

 

(1) render services of
a business, professional or commercial nature, to any other person, firm,
entity, or business, whether for compensation or otherwise; or (2) engage
in any activity competitive with or adverse to Adaptec’s business or welfare,
whether alone, or as an owner, shareholder or partner, or as an officer,
director, employee, advisor, contractor or consultant; or (3) serve as a
Director of a for-profit public company or as a Director of a for profit private
company with a valuation in excess of $10,000,000, without the prior written consent
of Adaptec’s CEO.

 

7.                                       PROTECTION OF
ADAPTEC’S CONFIDENTIAL AND PROPRIETARY INFORMATION AND TRADE SECRETS: During Employee’s employment with Adaptec
as well as at all times following his termination thereof, Employee agrees to
abide by and comply with the Employee Proprietary Information Agreement which
he entered into, a copy of which is attached hereto and incorporated herein as “Exhibit A.”

 

8.                                       TERMINATION OF
EMPLOYMENT:

 

(a)                                  Termination for Cause: Adaptec and Employee agree that Adaptec may
terminate Employee’s employment and terminate this Agreement at any time “for
cause,” which shall include any one or more of the following reasons:

 

(1) A
deliberate or serious violation of the Employee’s material duties as assigned by
Adaptec’s CEO or President;

 

(2) Refusal
or unwillingness to perform such material duties in good faith and to the best
Employee’s ability upon request by Adaptec’s CEO or President or his designee;

 

(3) A
breach or violation of any other terms or conditions of this Agreement, including
the Employee Proprietary Information Agreement;

 

(4) Neglect
or poor performance of duties, if not remedied to Adaptec’s CEO’s satisfaction
after written notice has been given to the Employee by Adaptec’s CEO or his
designee;

 

(5) Conviction
of the Employee of a felony or other crime involving moral turpitude,
dishonesty, willful misconduct, misappropriation of funds, habitual insobriety
or illegal drug use;

 

(6) Substance
abuse or any other action on the part of the Employee involving willful and
deliberate malfeasance or gross negligence in the performance of his duties and
responsibilities, or any conduct or act which brings public disrespect,
contempt or ridicule upon Adaptec;

 

(7) A
deliberate or serious violation of any law, rule, regulation, constitutional provision,
or Adaptec policy or procedures, (which policies are subject to modification or
change at any time), or local, state or federal law, which violation, may, in
the sole judgment of Adaptec’s CEO constitute justification for Employee’s
termination;

 

(8) Prolonged
absence from duties without the consent and approval of Adaptec’s CEO,
including but not limited to, where Employee is permanently disabled, 

 

2

 

which,
from the CEO’s sole discretion, constitutes justification for Employee’s
termination;

 

(9) Employee’s
death.

 

(b)                                 Consequences of Termination for Cause: In the event Adaptec exercises its option
to terminate Employee “for cause” as defined in this paragraph, Employee shall
be entitled only to the unpaid salary and unused vacation benefits which he has
accrued through and until the date of his termination as well as an amount
equal to the salary he would have otherwise received for any fully-accrued,
unused sabbatical. There shall be no entitlement to compensation for any partially-accrued,
unused sabbatical. Employee shall be entitled to no other or further compensation,
benefits or severance payments of any kind or nature in the event he is
terminated “for cause.” Should the Employee be terminated “for cause” as
provided in this paragraph, Adaptec will provide the Employee with a written
statement detailing such cause.

 

(c)                                  Termination Without Cause: Adaptec, by action of its CEO, may
terminate Employee’s employment and terminate this Employment Agreement at any
time and for any reason without cause by giving Employee written notification
of termination. In the event Adaptec exercises its option to terminate Employee
without cause or if the Employee’s position of responsibility is substantially
changed or if the position relocates to more than 25 additional commute miles
(one way), upon the Employee signing a Separation Agreement and General
Release, Adaptec shall:

 

(1) pay
Employee his unpaid salary and unused benefits he has accrued prior to the date
of his termination and through his notice period;

 

(2) pay
to Employee within 30 days following his termination of employment with Adaptec
a one-time payment equal to one month of base salary for each year of service
rounded to the next service year.

 

(d)                                 Change of Control:  If
Employee’s employment is terminated without cause by the Company or its
successor upon or within one (1) year of a Change in Control or if the
Employee’s position of responsibility is substantially changed or if the
position relocates to more than 25 additional commute miles (one way) within
one (1) year of a Change of Control and the employee elects to be
terminated, upon signing a Separation Agreement and General Release, Employee
shall receive the greater of (c 1-2) or the COC offerings of a one-time payment
equal to 1 (one) times the annual base pay, 1 (one) times the targeted bonus, benefits
for 1 (one) year.  Employee will also
receive accelerated option vesting as noted in the Change of Control provisions
of the 2004 Equity Incentive Plan.

 

(e)                                  Termination at Option of Employee: This Agreement may be terminated by Employee
and Employee has the right to resign his employment with Employer in his sole discretion
at any time. In the event the Employee terminates his employment at any time
for any reason, the Employee shall be entitled only to the compensation and
unused vacation benefits earned by him up to and including the effective date
of his termination, and he shall be entitled to no further or other
compensation, benefits, or severance payments of any nature or kind.

 

(f)                                    Return of Adaptec Equipment and Property. At the time of Employee’s termination of
employment with Adaptec, Employee agrees to return to Adaptec all Adaptec property
and equipment, including but not limited to, computers, printers, computer
diskettes, 

 

3

 

software, files, records,
computations, reports, studies, manuals, notebooks, documents, correspondence,
customer lists, lists of potential customers, and any and all other
confidential information or records and other similar items relating to Adaptec’s
business, whether prepared by Employee or otherwise coming into Employee’s
possession.

 

9.                                       FINAL AND BINDING
ARBITRATION:

 

(a)                                  Final and Binding Arbitration: In the event any controversy or dispute
arises in connection with the validity, construction, application, enforcement
or breach of this Agreement, including any and all claims that the Employee may
have against Adaptec or any of its officers, directors, employees and/or agents
acting in their official capacity or otherwise, and all disputes and claims
Adaptec may have against Employee, shall be submitted and subjected to final and binding arbitration pursuant
to the employment dispute resolution rules of the American Arbitration
Association and the California Arbitration Act and the parties hereto expressly waive their rights, if any, to have such
matters heard by a court or jury, or administrative agency, whether state or
federal. The claims covered by this Agreement which shall be submitted
to final and binding arbitration include, but are not limited to, claims for breach of this Agreement,
claims for wrongful termination and constructive termination, including any and
all claims for compensation and benefits as called for in paragraph 8 of this
Agreement; claims for wages or other compensation and benefits due; claims for
breach of any contract or covenant (express or implied); tort claims; claims
for discrimination and harassment (including, but not limited to, race, color,
sex, religion, national origin, age, sexual orientation, marital status, medical
condition, family leave, handicap and/or disability); claims for benefits
(except where an employee benefit or pension plan specifies that its claims
procedure shall culminate in an arbitration procedure different from this one);
and claims for violation of any federal, state or other governmental law,
statute, regulation, constitution or ordinance, with the exception of claims
excluded in Paragraph 9(b) below.

 

(b)                                 Claims Not Covered By And Excluded From
Binding Arbitration: The
parties agree that any claims that the Employee may have for workers’
compensation or unemployment compensation benefits are not subject to final and
binding arbitration. In addition, the parties agree that both parties shall
have the right to seek injunctive relief from a court of competent jurisdiction.

 

(c)                                  Required Notice Of All Claims and Statute Of
Limitations: The parties
agree that the aggrieved party must be given written notice of any claim to be
arbitrated to the other party within the period of time required by the
applicable federal or state statute of limitations. If proper and adequate
notice is not given, then the parties agree that any such claim shall not be arbitrated
and shall be waived and cannot be brought or litigated in any judicial, arbitral
or administrative forum at any time in the future.

 

(d)                                 Legal Representation: The parties agree that each party to the
arbitration may be represented by an attorney or other representative of their
own choosing.

 

(e)                                  Arbitration Procedures: The parties agree to abide by the
employment rules and procedures as set forth by the American Arbitration
Association. The arbitration shall take place in Santa Clara County,
California. The arbitrator shall be selected as follows. The party seeking to
arbitrate the dispute shall request a list of seven arbitrators from the
American Arbitration Association, said arbitrators to be knowledgeable and
experienced in handling employment law matters. Each party shall take turns
striking one name from the list, until only one name remains. The party seeking
to arbitrate the claim shall strike the first name from the list.

 

4

 

The
arbitrator shall apply the substantive law and all applicable remedies of the
state in which the claim arose, or federal law, or both, as applicable to the
claims asserted. The arbitrator, and not any federal, state or local court or
agency, shall have exclusive authority over any dispute relating to the
interpretation, applicability, enforceability, formation or breach of this Agreement,
including but not limited to any claim that any or all part of the Agreement is
void or voidable. The arbitration shall be final and binding upon the parties.
The arbitrator shall have the authority to entertain a motion to dismiss and/or
motion for summary judgment by any party and shall apply the standards
governing such motion under the Federal Rules of Civil Procedure.

 

The
parties shall have the right to arrange for and share the cost of a court
reporter to provide a stenographic recording of the arbitration proceedings. At
the close of the arbitration hearing, the parties shall have the right to
prepare and submit post-hearing briefs. The time for filing such a brief shall
be set by the arbitrator.

 

Either
party may bring an action in any court of competent jurisdiction to compel arbitration
under this Agreement and to enforce an arbitration award. Except as otherwise provided
in this Agreement, the parties agree that they will not initiate or prosecute
any lawsuit or administrative action (other than an administrative charge of
discrimination) in any way related to any claim covered by this Agreement.

 

Adaptec
shall pay for all fees and costs of the arbitrator as well as for the cost of
the hearing room. Each party shall pay for its own costs and attorneys’ fees,
if any, incurred in connection with the arbitration. However, if any party
prevails on a statutory claim which affords the prevailing party attorneys’
fees, the arbitrator may award reasonable attorneys’ fees to the prevailing
party.

 

This
Agreement to arbitrate shall survive the termination of Employee’s employment. This
is the complete agreement of the parties on the subject of arbitrating
disputes.

 

10.                                 PAYMENT OF TAXES: All payments made to Employee under this Agreement
shall be subject to all applicable federal and state income, employment and
payroll taxes.

 

11.                                 ENTIRE AGREEMENT: This Agreement supersedes any and all other
agreements or understandings, whether oral, implied or in writing, between the
parties hereto with respect to the subject matters covered herein, and contains
all of the covenants and agreements between the parties with respect to such
matters in their entirety. Each party to this Agreement acknowledges that no
representations, inducements, promises or agreements, orally or otherwise, have
been made by any party, or anyone acting on behalf of any party, which are not
embodied herein, and that no other agreement, statement or promise not
contained in this Agreement shall be valid or binding. Any modification to this
Agreement shall be effective only if it is in writing and signed by Employee
and Adaptec’s CEO.

 

12.                                 PARTIAL INVALIDITY: If any other provision in this Agreement is
held by a court or arbitrator of competent jurisdiction to be invalid, void or
unenforceable, the remaining provisions shall nevertheless continue in full
force and effect without being impaired or invalidated in any way.

 

13.                                 APPLICABLE LAW: The laws of the State of California shall
govern this Agreement, notwithstanding conflict of laws.

 

5

 

14.                                 CONFIDENTIALITY: Employee agrees that at all times during
his employment with Adaptec and following his termination he shall maintain as
strictly confidential the existence of, and terms and conditions contained in,
the Agreement, to the fullest extent allowed by law.

 

15.                                 PREPARATION OF
AGREEMENT: Regardless of which
party initially drafted this Agreement, it shall not be construed against any
one party, and shall be construed and enforced as a mutually prepared
Agreement.

 

16.                                 NOTICES: Any notice pursuant to this Agreement shall
be deemed validly given or served if given in writing and delivered personally
or ten (10) calendar days after being sent by U.S. registered or certified
mail, return receipt requested and postage prepaid. In the case of Employee,
mailed notices shall be addressed to him at the home address which he most recently
communicated to Adaptec in writing. In the case of Adaptec, mailed notices
shall be directed and addressed to Chairman and Chief Executive Officer,
Adaptec, Inc., 691 South Milpitas Blvd., Milpitas, CA 95035.

 

17.                                 CONTINUING
OBLIGATIONS: Whether or not
Employee’s employment relationship with Adaptec is terminated, neither Employee
nor Adaptec shall be relieved of the continuing obligations of the covenants
contained in this Agreement.

 

18.                                 SUCCESSORS: Adaptec shall require any successor or
assignee, in connection with any sale, transfer or other disposition of all or
substantially all of Adaptec’s assets or business, whether by purchase, merger,
consolidation or otherwise, expressly to assume and agree to perform Adaptec’s
obligations under this Agreement in the same manner and to the same extent that
Adaptec would be required to perform if no such succession or assignment had taken
place.

 

19.                                 EMPLOYEE’S
REPRESENTATIONS: Employee
represents and warrants that he is free to enter into this Agreement and to
perform each of the terms and covenants of it. Employee represents and warrants
that he is not restricted or prohibited, contractually or otherwise, from
entering into and performing this Agreement, and his execution and performance
of this Agreement is not in violation or breach of any other agreement between
him and any other person or entity. Employee acknowledges and agrees that he is
entering into this Agreement voluntarily and free of any duress or coercion.

 

	
  ADAPTEC, INC.

  
	
   

  
	
  /s/Scott Mercer

  	
   

  
	
  Scott Mercer

  
	
  Chief Executive Officer

  
	
   

  
	
  Entered into at Milpitas,
  California,

  
	
  this 21st day of September,
  2005.

  
	
   

  
	
   

  
	
  /s/ Lim Kok Yong

  	
   

  
	
  Lim Kok Yong

  
	
  Vice President &
  Managing Director

  
	
   

  
	
  Entered into at Milpitas,
  California,

  
	
  this 20th day of September,
  2005.

  
			

 

6

 

EXHIBIT A

[Attach Signed Copy of
Employee Proprietary Information Agreement]

 

7Exhibit
10.1

 

CONSULTING AGREEMENT

(Individual)

 

THIS
AGREEMENT is made as of the 1st day of February, 2005

 

BETWEEN:

 

Tucows.com
Co.,

 

(hereinafter
referred to as “Tucows”)

 

- and -

 

Eugene
Fiume,
of the City of Aurora in the Province of
Ontario.

 

(hereinafter
referred to as the “Consultant”)

 

WHEREAS the parties wish to confirm the
terms upon which the Consultant shall provide consulting services to Tucows.

 

IN consideration of the covenants
hereinafter contained and other good and valuable consideration, the parties
agree as follows:

 

1.                             Term

 

This
agreement shall commence from the date first above-written and shall continue
until September 30th 2005 
(the “Term”) unless terminated earlier in accordance with Section 8
below.

 

2.                             Provision of Consulting Services

 

During the
Term, the Consultant shall evaluate Tucows software strategy (the “Consulting
Services”) for the fee described in section 3 hereof.  Such services are to be provided by the
Consultant in daily or hourly increments at such times and from time to time as
Tucows may request.  The Consultant shall
devote such time and attention as may be required to perform and complete all
consulting assignments hereunder to the highest standard attainable.

 

3.                             Consulting Fee

 

The
Consultant shall receive a fee of $1,500 dollars (+ GST) per 8 hour day payable
within 30 days of Tucows receiving an invoice from the Consultant in respect of
same. Each invoice shall itemize the particulars of time spent by the
Consultant in providing the Consulting Services.

 

4.                             Expenses

 

The
Consultant shall be responsible for payment of all expenses hereunder in
carrying out the Consulting Services. 
Notwithstanding the foregoing, should travel be required by Tucows, air
travel arrangements will be made in accordance with the normal travel policies
of Tucows and mileage for car travel shall be reimbursed in accordance with
Tucows mileage policies.  Tucows will
reimburse the Consultant for all such reasonable expenses pursuant to invoices
delivered to Tucows in respect of same.

 

 

5.                             Confidentiality

 

(a)           The Consultant shall not, during the Term or at
any time thereafter:

 

(i)            except in the necessary course of
the provision of Consulting Services in accordance with the terms hereof or as
required by applicable law, disclose the business or affairs of Tucows, its
affiliates or the customers, clients or associates of Tucows to any third party

 

(ii)           except in the necessary course of the provision of Consulting Services
in accordance with the terms hereof or as required by applicable law, disclose
to any third party or use for any purpose other than for the purposes of
Tucows, any work product produced as a result of providing Consulting Services
hereunder, any trade secrets or discoveries, inventions or improvements, or
other information concerning the business or affairs of Tucows, its affiliates
or the customers, clients or associates of Tucows. . For greater certainty,
Consultant understands and agrees that all information and materials, whether
or not reduced to writing or still in development: designs, concepts, ideas,
inventions, specifications, techniques, models, data, source code, object code,
documentation, research, development plans, processes, procedures, new product
or new technology information, marketing techniques, materials and plans,
timetables, strategies, prospective trade names or trademarks, customer
information, pricing policies, and financial information shall be regarded as
information confidential to the company.

 

(iii)          make any statements or do any acts which could in any manner be
detrimental to the reputation or business or affairs of Tucows, its affiliates,
or the customers, clients or associates of Tucows.

 

(b)           The parties hereto acknowledge and
agree that this section 5 shall not apply to information that was readily
available to the public at the time such information was made available to the
Consultant.

 

(c)           It is the express intention and
agreement of the parties hereto that the provisions of this Section 5
shall survive the termination of this agreement.

 

6.                             Non-Solicitation

 

Consultant agrees not to solicit the
employment, directly or indirectly, of any of Tucows employees with whom the
Consultant has worked while performing the Consulting Services during the Term
and for a period of one year thereafter.

 

7.                             Non-Competition 

 

Consultant agrees not to accept work,
directly or indirectly, from any competitor of Tucows during the term hereof
and for a period of one year thereafter. If Consultant is uncertain as to
whether an entity is a competitor of Tucows, Consultant shall obtain the input
of Tucows.

 

8.                             Termination

 

This
agreement may be terminated by Tucows upon 30 days prior written notice to the
Consultant.  Upon expiration or earlier
termination of this agreement, the Consultant agrees to deliver to Tucows all
documents, records, reports and copies thereof which are in his/her possession
and which relate in any way to the business of Tucows, its affiliates, or the
customers, clients or associates of

 

2

 

Tucows.  Upon termination of this
agreement, Tucows shall not be obligated to make any further payment to the
Consultant beyond the amount of such fee actually accrued to the date of such
termination.  The Consultant expressly
releases Tucows from any and all actions, causes of action, claims, demands, of
whatever nature arising out of or in any way connected with the termination of
this agreement, except claims to enforce the terms of this agreement.

 

9.                             Notice

 

Any
notice required or permitted to be given hereunder shall be in writing and
shall be effectively given if (i) delivered personally, or (ii) sent
by prepaid courier service addressed, in the case of notice to Tucows, as
follows:

 

Tucows
Inc.

96
Mowat Avenue

Toronto,
Ontario M6K 3M1

 

and in the case of notice to the
Consultant, as follows:

 

SESelf
Enterprises

3
Candac Valley Drive

Aurora,
Ontario, L4G 6W7

 

Any notice so given shall be
deemed conclusively to have been given and received when so personally
delivered or sent by prepaid courier service. 
Any party hereto may change any particulars of its or his/her address
for notice by notice to the other in the manner aforesaid.

 

10.                           Previous Agreements

 

This
agreement shall supersede all prior agreements and arrangements respecting the
subject matter hereof, whether written or verbal and all such prior agreements
and arrangements are hereby terminated.

 

11.                           Injunctive Relief

 

The
Consultant agrees that the remedy at law for any breach by it of the
confidentiality provisions of this agreement will be inadequate and that
Tucows, on any application to a Court, shall be entitled to temporary and
permanent injunctive relief against the Consultant without the necessity of
proving actual damage.

 

12.                           Reasonable Restrictions

 

The
Consultant agrees that all restrictions contained in this agreement are
reasonable and valid and hereby waives all defences to the strict enforcement
of this agreement by Tucows.

 

13.                           Severability

 

Each of
the covenants agreed to and contained herein are separate and distinct from every
other covenant set forth herein and it is agreed that if any court of competent
jurisdiction adjudges that any part of this agreement is void or unenforceable
then such parts shall be severable from and shall not render unenforceable the
remainder of the provisions herein contained.

 

14.                           Assignment

 

This
agreement is not assignable by the Consultant.

 

3

 

15.                           Acknowledgement

 

The
parties hereto expressly acknowledge and agree that in performing the Consulting
Services pursuant to this agreement the Consultant shall be acting and shall
act at all times as an independent contractor and consultant only and that this
agreement shall not constitute the Consultant an employee, agent, partner or
joint venturer of or with Tucows and that no such relationship shall arise or
subsist between the Consultant and Tucows during the Term including any
extension or renewal thereof.

 

Consultant also acknowledges and
agrees that it his sole obligation to report as employment income all
compensation received from Tucows for services rendered as a consultant. Tucows
shall have no liability or responsibility for the withholding, collection or
payment of income taxes, unemployment insurance, Canada pension plan
remittances, vacation pay, statutory holiday pay, workers’ compensation
premiums, or statutory or other taxes or payments of any other nature on behalf
of, in respect of, or for the benefit of, Consultant or any other person
employed by Consultant (other than G.S.T.). Consultant also agrees that, by
accepting this offer, Consultant holds Tucows harmless and will indemnify
Tucows from and against any order, penalty, interest or tax that may be
assessed or levied against Tucows as a result of Consultant’s failure or delay
to make such payments or to file any return or information required by any law,
ordinance or regulation.

 

Due to the unique nature of
the services that Consultant will be providing, Consultant agrees that
Consultant may not delegate his duties under this offer.

 

This offer contemplates that
Consultant has no other agreements or commitments that would hinder the
performance of Consultant’s obligations under this offer and that Consultant
will not enter into any such agreements.

 

16.                           Work Product

 

Consultant
expressly agrees that all discoveries, developments, improvements and/or
innovations (“Work Product”), whether capable of registration as a copyright,
trademark, patent or other intellectual property right or not, conceived by
Consultant during the tenure of this Agreement which relates to or results from
Consultant’s work with and at Tucows shall be the sole and exclusive property
of Tucows.  Consultant assigns all right,
title and interest to the Work Product to Tucows and agrees to cooperate in the
execution of any documents as may be necessary to evidence same.

 

17.                           No Authority to Contract

 

The
Consultant acknowledges and agrees that he/she does not have and will not
exercise or purport to exercise or hold himself out as having any authority to
enter into or conclude or to undertake any commitment or obligation for, in the
name or on behalf of Tucows. It is also understood by Tucows that no third
party or other entity has participated in the making of this offer as a broker,
agent or otherwise.

 

18.                           Amendments

 

No
amendment, waiver or termination of this agreement shall be binding unless
executed in writing by the parties and no such amendment or waiver shall extend
to anything other than the specific subject matter thereof.  The failure at any time of any party to
insist on strict performance of any provision of this agreement shall not limit
the ability of that party to insist at any future time whatsoever on the
performance of the same or any other provision (except and insofar as that
party may have given a valid and effective written waiver or release).

 

4

 

19.                           Governing Law

 

The
provisions of this agreement shall be governed by and interpreted in accordance
with the laws of the Province of Ontario and the parties hereto attorn to
the exclusive jurisdiction of the courts of the Province of Ontario.

 

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

 

	
   

  	
  TUCOWS.com Co.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ BRENDA LAZARE

  	
   

  
	
   

  	
  Name:

  	
  Brenda Lazare

  
	
   

  	
  Title:

  	
  General Counsel

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ EUGENE FIUME

  	
   

  
	
   

  	
  Eugene Fiume

  
					

 

5

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