Document:

DC5100.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

	
COMPROMISE AGREEMENT

	
WITHOUT PREJUDICE

SUBJECT TO CONTRACT

THIS COMPROMISE AGREEMENT is made the 12th day of September 2008 between:

(1) ENTRUST (EUROPE) LIMITED of Apex Plaza Forbury Road Reading Berkshire RG1 1AX (“the Company”); 

	
and

(2) Mr John Andrew Pinder, 6 Lambert Jones Mews, Barbican, London, EC2Y 8DP (“the Employee”)

	
WHEREAS:

The Company is entering into this Agreement both for itself and as agent for its holding Company and subsidiaries within the meaning given by section 736 of the Companies Act 1985 (“Associated
Companies”).

	
IT IS HEREBY AGREED as follows:

	
1.      		
TERMINATION OF EMPLOYMENT	
	 
	 	
The Employee’s employment which commenced on 29 October 2006 will be deemed to have been terminated on September 12, 2008 (“the Termination Date”).	
	 
	 	
REMUNERATION UNTIL THE TERMINATION DATE AND COMPENSATION FOR LOSS OF EMPLOYMENT	
	 
	
2.1      		
The Company confirms that it shall pay the Employee his normal basic salary (less such sums as the Company is obliged by law to deduct by way of income tax and National Insurance at the rates applicable at the date of
payment) due and payable up until the Termination Date.	
	 
	
2.2      		
The Company confirms that it will pay by direct deposit to the Employee within 10 days of the date of the Termination Date, any pay in lieu of holiday entitlement not taken but accrued up until the Termination Date (less
such sums as the Company is obliged by law to deduct by way of tax and National Insurance), in the amount of zero (0) days. The Company will, within 10 days of the termination date, provide the Employee with the requisite tax form P45 in respect of
his employment with the Company.	
	 

Page 1 of 7

	
2.3      		
The Company confirms that it will make payments in respect of:	
	 
	 	
(a)      		
BUPA Healthcare and Travel Insurance, and	
	 
	 	
(b)      		
Company Fuel Card,	
	 
	 	 	
until the Termination Date. Thereafter such payment will cease.	
	 
	
2.4      		
The Company shall within 10 days of the date of this Agreement and subject as provided in clause 8 below, pay to the Employee an ex gratia sum of £30,000 as Compensation for the termination of the Employee’s
employment and as compensation for lack of contractual notice (collectively “Compensation Payment”).	
	 
	
3.      		
COMPANY PROPERTY	
	 
	
3.1      		
The Employee confirms that on or before the Termination Date he has returned all property belonging to the Company including security pass card, company fuel card, mobile phone, computer, documents, recordings, photographs,
microfiches and any other property belonging to the Company, including any copies taken thereof, all of which constitute Company Property and all of which were supplied to enable the Employee to perform the Employee’s duties as an Employee of
the Company. Further the Employee warrants that, to the best of his knowledge and belief, he retains or holds no other property belonging to the Company.	
	 
	
3.2      		
Notwithstanding the foregoing, the Employee warrants that he retains or holds no software, disks including all back up disks, and copies thereof or other media which contain Confidential Information in relation to the
business of the Company and/or its clients and which belong to the Company including but not limited to all financial information, client data base information, company marketing, promotional and sales lead information and information containing
details of clients requirements.	
	 
	
4.      		
EXPENSES	
	 
	 	
The Employee will be paid monies by way of reimbursement for all outstanding expenses (if any) as the Company shall deem to have been reasonably and properly incurred by the Employee in the fulfilment of his duties up until
the Termination Date within 30 days of submission. All outstanding expenses shall be submitted to the Company within 30 days of the Termination Date.	
	 
	
5.      		
CONFIDENTIALITY OF INFORMATION	
	 
	 	
In consideration of the Company agreeing to provide a prospective employer of the Employee with a reference upon request specifying the dates of the Employee’s employment and position held, the Employee:	
	 
	 	
(i)      		
acknowledges that he continues to be bound (1) by his implied duties of confidentiality, in respect of trade secrets and secret processes; and (2) those express duties of confidentiality set forth in his contract of
employment dated DATE;	
	 

	
Page 2 of 7

	
(ii)      		
agrees that he will not disclose the contents of this Compromise Agreement without the prior written consent of the Company, except to his immediate family members, his professional advisers, the HM Revenue & Customs or
any other Government body or as otherwise required by law;	
	 
	
(iii)      		
agrees not to make any statements to the press or other media in connection with:-	
	 
	 	
a.      		
the Company or its Associated Companies;	
	 
	 	
b.      		
the termination of the Employee’s employment; or	
	 
	 	
c.      		
this Compromise Agreement;	
	 
	
(iv)      		
agrees not to make, or cause to be made, (directly or indirectly) any derogatory or critical or disparaging remarks, comments or statement (whether orally or in writing) about the Company, its Associated Companies or its or
their respective officers or employees;	
	 
	
(v)      		
agrees that he will not at any time after the Termination Date use or procure the use of the name of the Company or any of its Associated Companies whether or not in connection with the Employee’s own or any other name
in any way calculated to suggest that he continues to be connected with the business of the Company or its Associated Companies or in any way hold himself out as having such a connection.	
	 

Any request for a reference should be directed only to Ann Dougall of the Company at the address for the Company specified in this Agreement.

	
6.      		
WAIVER OF CLAIMS	
	 
	
6.1      		
The Employee hereby agrees to accept the Compensation Payment and other payments and provisions set out in clause 2 above in full and final settlement of all and any claims or other rights of action or costs or expenses the
Employee is or might be entitled to make or claim against the Company or any of its Associated Companies or any of their respective shareholders, officers, agents or employees in respect of the Employee’s employment or the termination thereof,
whether contractual, statutory or otherwise and whether such claims are known or unknown to the parties and whether or not they are or could be in the contemplation of the parties at the time of signing this agreement including but not limited to
claims under the laws of England and Wales or Scotland and/or European Community law for breach of contract of employment, unlawful or unauthorised deductions from wages, Equal Pay, contravention of the Public Interest Disclosure Act 1998, wrongful
dismissal, unfair dismissal, redundancy, contravention of the Working Time Regulations 1998, Transfer of Undertakings and sex, race age or disability discrimination, discrimination on the basis of sexual orientation, religion or similar belief and
claims as a part time or fixed term worker or in relation to flexible working, claims for unlawful detriment under the Employment Rights Act 1996 and for breach of the Data Protection Act 1998 save for any Excluded Claims which the Employee may have
against the Company at present or in the future, namely, any claim or claims in respect of personal injury (save where such claim arises out of an alleged act of discrimination, none being admitted by the Company) and any claim or claims
in	
	 

	
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respect of accrued pension rights. The Employee warrants that no such Excluded Claims are known to him at the present time.	
	 
	
6.2      		
The Employee confirms that no complaint has been made to an Employment Tribunal, County Court or High Court to date and agrees to refrain from instituting before an Employment Tribunal, County Court or High Court any
complaint by the Employee against the Company and/ or any of the Associated Companies in respect of any allegation that the Company has breached the Employee’s contract of employment, that the Employee has been unfairly dismissed and/or
wrongfully dismissed or that the Employee has been subjected to a detriment or dismissal in contravention of:- the Working Time Regulations 1998 (as amended), National Minimum Wage Act 1998, Public Interest Disclosure Act 1998, the Sex
Discrimination Act 1975 (as amended), the Race Relations Act 1976 (as amended), the Disability Discrimination Act 1995 (as amended), the Employment Equality (Age) Regulations 2006, The Employment Equality (Sexual Orientation) Regulations 2003, the
Employment Equality (Religion or Belief) Regulations 2003, the Flexible Working (Eligibility, Complaints and Remedies) Regulations 2002 (as amended), the Flexible Working (Procedural Requirements) Regulations 2002 (as amended), the Equal Pay Act
1970 (as amended), the Fixed Term Employees (Prevention of Less Favourable Treatment) Regulations 2002, the Transfer of Undertakings (Protection of Employment) Regulations 1981, Transfer of Undertakings (Protection of Employment) Regulations 2006,
the Employment Act 2002 including the Employment Act 2002 (Dispute Resolution) Regulations 2004 or the Employment Rights Act 1996 (as amended), the Protection from Harassment Act 1997 or the Data Protection Act 1998.	
	 
	
6.3      		
Notwithstanding the foregoing, the Employee warrants that he believes he has and/or may have (whether at the time of signing this agreement or in the future) the following claims arising from his employment and /or its
termination and the Employee agrees, having received legal advice from the Legal Adviser (as defined below), to refrain from instituting or continuing with any complaint:-	
	 
	 	
i)      		
of unfair dismissal;	
	 
	 	
ii)      		
of wrongful dismissal;	
	 
	 	
iii)      		
of breach of contract;	
	 
	 	
iv)      		
of breach of the statutory disciplinary, dismissal and/ or grievance procedures;	
	 
	 	
v)      		
that the Company has made an unauthorised deduction from wages	
	 
	 	
and it is these particular claims to which this agreement relates. The Employee further warrants that as at the date of this agreement, he is not aware of any other claims or potential claims that he may have against the
Company or any of the Associated Companies or any of its or their shareholders, officers, employees or agents arising out of his employment and/ or its termination.	
	 
	
6.4      		
The Employee confirms that in the event he takes proceedings against the Company or any of its Associated Companies arising out of his employment with the Company or its termination notwithstanding his agreement and
warranty set out in clauses 6.2 and 6.3 above, he will repay forthwith to the Company the Compensation Payment or such	
	 

	
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proportion thereof which reasonably reflects the Company’s loss and damage, which the Employee accepts will be due as a debt.	
	 
	
7.      		
EMPLOYEE’S INDEPENDENT LEGAL ADVICE	
	 
	
7.1      		
The Employee warrants that he has taken independent legal advice from John McMillan of Wright McMillan Bennett (“the Legal Adviser”) on the terms and effect of this Agreement and in particular its effect on the
Employee’s ability to pursue a complaint before an Employment Tribunal.	
	 
	
7.2      		
The Employee annexes to this Agreement at Schedule 1 a Certificate signed by the Legal Adviser in the terms set out therein and it is a condition of this Agreement that the Employee’s Legal Adviser provides the
Certificate so annexed to this Agreement at the Schedule.	
	 
	
7.3      		
The Company agrees that upon receipt of the Certificate referred to in clause 7.2 above and upon receipt of a VAT invoice from Wright McMillan Bennett addressed to the Company to a maximum value of £300 including VAT
for legal expenses incurred by the Employee in connection with the legal advice given to the Employee by the Legal Adviser, it shall pay such invoice within 30 days of receipt. The view of the parties is that HM Revenue & Customs Extra Statutory
Concession A 81 applies in respect of payment of such invoice for legal advice given to the Employee.	
	 
	
8.      		
TAXATION OF THE SEVERANCE PAYMENT	
	 
	
8.1      		
The Compensation Payment payable under clause 2.4 will be paid gross and is intended to be an exempt payment within the provisions of the Income Tax (Earnings and Pensions) Act 2003 and thus not chargeable to tax, up to the
HM Revenue & Customs limit of £30,000.	
	 
	
8.2      		
If for any reason the exemption in clause 8.1 above is not available in whole or in part, the Employee shall account to the relevant authority in respect of any liabilities (namely income tax and National Insurance
contributions, interest, costs and penalties in relation thereto) due and payable and the Employee hereby agrees to indemnify the Company in respect of all and any such liabilities demanded of the Company by the relevant statutory authority and in
respect of all costs thereby incurred by the Company.	
	 
	
9.      		
EMPLOYMENT LEGISLATION	
	 
	 	
The Company hereby confirms that the conditions regulating compromise agreements and compromise contracts under Section 203 of the Employment Rights Act 1996 (as amended), Regulation 35 of the Working Time Regulations 1998,
section 49 of the National Minimum Wage Act 1998, Section 77 of the Sex Discrimination Act 1975 (as amended), Section 72 of the Race Relations Act 1976 (as amended), section 288 of the Trade Union and Labour Relations (Consolidation) Act 1992 (as
amended), the Disability Discrimination Act 1995 (as amended), the Employment Equality (Religion or Belief) Regulations 2003, the Employment Equality (Sexual Orientation) Regulations 2003 and the Employment Equality (Age) Regulations 2006 are
satisfied.	
	 

	
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10.      		
MISCELLANEOUS	
	 
	
10.1      		
This Agreement is governed by English Law and the parties hereby submit to the exclusive jurisdiction of the English Courts.	
	 
	
10.2      		
Headings are inserted for convenience only and shall not affect the construction of this Agreement.	
	 
	
10.3      		
Notwithstanding that this Agreement is marked “Without Prejudice” and “Subject to Contract” it shall become legal and binding on both parties on the date that it is signed by both parties.	
	 
	
10.4      		
For the avoidance of doubt, the provisions of the Contracts (Rights of Third Parties) Act 1999 shall apply to this Agreement which shall be enforceable inter alia by the Company, any of its Associated Companies and any
holding company.	
	 
	
10.5      		
This agreement sets out the entire agreement between the parties and, save where otherwise stated, supersedes all previous discussions between them or their advisers and all agreements, statements, representations, terms
and conditions, warranties, guarantees, proposals, communications and understandings whenever given, and whether given orally or in writing concerning the Employee’s employment or its termination.	
	 

IN WITNESS WHEREOF the parties have executed this Agreement on the day and year set out above.

	
SIGNED BY:

For and on behalf of The Company

/s/ Scott Gibson

in the presence of:

/s/ Todd Harrold

	
SIGNED BY: 
		
 		
Andrew Pinder 
	
	
 
		
 		
    /s/ Andrew Pinder 
	
	
in the presence of: 
		
 		
 
	
	
 
		
 		
    /s/ Clare Riley 
	

Page 6 of 7

	
SCHEDULE 1

I, John McMillan, Solicitor in the firm of Wright McMillan Bennett warrant to Entrust (Europe) Limited that I have given independent legal advice to John Andrew Pinder as to the terms and effect of the agreement to which
this Certificate is scheduled, and in particular its effect on his ability to pursue his rights, if any, before an Employment Tribunal.

I confirm that I am a Solicitor of the Supreme Court, that I hold a current Practising Certificate and that the statutory requirements of Section 203 of the Employment Rights Act 1996 (as amended), Regulation 35 of the
Working Time Regulations 1998, section 49 of the National Minimum Wage Act 1998, Section 77 of the Sex Discrimination Act 1975 (as amended), Section 72 of the Race Relations Act 1976 (as amended), section 288 of the Trade Union and Labour Relations
(Consolidation) Act 1992 (as amended), the Disability Discrimination Act 1995 (as amended), the Employment Equality (Religion or Belief) Regulations 2003, the Employment Equality (Sexual Orientation) Regulations 2003 and the Employment Equality
(Age) Regulations 2006 relating to Compromise Agreements and Compromise Contracts have been met. I further confirm that at the date I gave the advice and as at the date hereof this firm was and is covered by a policy of insurance which covers the
risk of a claim by my client in respect of any loss arising in consequence of that advice.

	
SIGNED: 
		
 		
/s/ John McMillan 
	
	
 
		
 		
Solicitor of the Supreme Court 
	
	
 
	
	
 
	
	
DATED: 
		
 		
11th September, 2008 
	

Page 7 of 7DC5101.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

	
SERVICES AGREEMENT

This Services Agreement (the “Agreement”) is made as of September 15 2008 (the “Effective Date”) by and between:

	
 
		
 		
Entrust Limited (hereinafter “Entrust”) 
	
	
 
		
 		
1000 Innovation Drive, Ottawa, Ontario K2K 3E7 
	
	
 
	
	
and 
		
 		
ANDREW PINDER CONSULTANCY LTD., 6 Lambert Jones Mews, Barbican, London, Ec2y 
	
	
8dp) 
		
 		
 
	
	
 
		
 		
(hereinafter “Contractor”) 
	

     WHEREAS Entrust has requested Contractor to perform the services hereinafter described and Contractor has agreed to perform such services subject to the
terms and conditions hereinafter set out;

     AND WHEREAS Contractor has represented that it has the specific knowledge, skill and experience required to perform the services hereinafter described
and Entrust is relying upon the Contractor 's knowledge, skill and experience.

     NOW THEREFORE, in consideration of the mutual promises herein contained, the sufficiency of which is hereby acknowledged, Entrust and Contractor agree as
follows:

	
1. DEFINITIONS

“Acquisition Event” has the meaning set forth in the 2006 Stock Incentive Plan for Entrust, Inc (“Plan”).

“Affiliate” means any corporation or other entity that Entrust, Inc. directly or indirectly controls. In this context, an entity “controls” a corporation or other
entity if it owns fifty percent (50%) or more of the voting rights for the board of directors or other mechanism of control for the corporation or other entity.

“Confidential Information” means any business, marketing, technical, scientific or other information disclosed by Entrust (including its Affiliates) which, at the time of
disclosure is designated as confidential (or like designation), is disclosed in circumstances of confidence, or would be understood by Contractor, exercising reasonable business judgment, to be confidential. Confidential Information includes the
terms of this Agreement.

“Deliverables” means the items, products, documents and/or services specified in a Statement of Work which are provided by Contractor to Entrust under this
Agreement.

“Intellectual Property Rights (IPR)” means all rights in any invention, discovery, improvement, utility model, patent, copyright, industrial design or mask work right, and
all rights of whatsoever nature in computer software and data, Confidential Information, trade secrets or know-how, and all intangible rights or privileges of a nature similar to any of the foregoing, in every case in any part of the world and
whether or not registered, and shall include all rights in any applications and granted registrations for any of the foregoing.

“Statement of Work” means a Schedule (A-x) to this Agreement, duly signed by each party, describing the Deliverables, milestones, delivery dates, payment terms and any other
information related to the Deliverables to be provided by Contractor to Entrust.

	
2.      		
SCOPE OF WORK	
	 
	
2.1      		
Contractor shall provide to Entrust the Deliverables specified in a Statement of Work. Contractor shall	
	 

promptly advise Entrust of any anticipated delays or difficulties in providing such Deliverables. A Statement of

	
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September 9, 2008

1

Work may be modified from time to time by an instrument in writing signed by each party's duly authorized representatives.

2.2 Any materials or equipment furnished by Entrust in connection with this Agreement, unless fully paid for by Contractor, shall be deemed loaned to Contractor, and title thereto shall at all times remain with Entrust.
Contractor shall return, at its expense and risk, all such materials and/or equipment in the same condition as they were when furnished by Entrust, reasonable wear and tear excepted, upon request by Entrust or upon termination of this
Agreement.

	
3.      		
FEES AND PAYMENT	
	 
	
3.1      		
Contractor shall provide the Deliverables based on the fees in Schedule A-1 attached hereto. Any	
	 

additional fees for the Deliverables are set forth in each Statement of Work. In no event shall Entrust be liable to pay any fees in excess of the fee limit stated each Statement of Work. No fees are payable to Contractor
until such time as the Deliverables have been accepted, in writing, by Entrust. Unless otherwise stated, all fees exclude applicable federal, state, provincial, use, value-added and local taxes (excluding taxes based upon Contractor’s income).
Entrust shall pay to Contractor the amount of any such tax. Entrust shall withhold any applicable withholding tax from payments made to Contractor pursuant to this Agreement.

3.2 Entrust shall reimburse Contractor for all reasonable travel and lodging expenses incurred and paid by Contractor only if such expenses are specified in any Statement of Work.

3.3 Entrust reserves the right to audit all Contractor invoices. Contractor shall give Entrust reasonable access to all supporting documentation arising from Entrust’s audit request.

	
4.      		
WARRANTY	
	 
	
4.1      		
Contractor represents and warrants that: (a) the Deliverables shall be provided and/or performed in a	
	 

professional and highly skilled manner that adheres to standards not less than those generally accepted in the industry.

4.2 EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT, BOTH PARTIES DISCLAIM ALL OTHER REPRESENTATIONS, WARRANTIES AND CONDITIONS, EITHER EXPRESS, IMPLIED, STATUTORY, BY USAGE OF TRADE OR
OTHERWISE INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, TITLE, SATISFACTORY QUALITY OR FITNESS FOR A PARTICULAR PURPOSE.

	
5.      		
OWNERSHIP AND INTELLECTUAL PROPERTY RIGHTS	
	 
	
5.1      		
The Deliverables provided by Contractor pursuant to this Agreement are “works for hire”.	
	 
	
5.2      		
Entrust shall own all right, title and interest in and to the Deliverables including all Intellectual Property	
	 

Rights therein. Contractor hereby transfers, assigns and conveys to Entrust all right, title and interest in and to the Deliverables and the Intellectual Property Rights therein and agrees to execute, and to have its
employees and subcontractors execute, without charge to Entrust, any documents deemed necessary by Entrust to evidence and/or secure Entrust's exclusive ownership of the Deliverables and the Intellectual Property Rights therein.

5.3 Contractor represents and warrants that it is the sole and exclusive owner of the Deliverables and the Intellectual Property Rights therein and has the free, clear and absolute right to sell, transfer, assign and convey
the same to Entrust and that all creators of the Deliverables (including all persons engaged by Contractor to make any contributions to the Deliverables) were, at the time of the creation of the Deliverables, full-time, bona-fide employees of the
Contractor or, to the extent any such persons were not at such time full-time, bona-fide employees of Contractor, Contractor has obtained and possesses the written agreement of such persons selling, transferring, 

	
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September 9, 2008

2

assigning and conveying to Contractor an unrestricted and complete right, title and interest in such person’s contributions to the Deliverables and the Intellectual Property Rights in such contributions (including,
without limitation, the unrestricted right of Contractor to further sell, transfer, assign and convey such right, title and interest to Entrust). Without limiting the generality of the foregoing, Contractor does hereby waive its moral rights in the
Deliverables in favor of Entrust including, without limitation, the right to restrain or claim damages for any distortion, mutilation or other modification of the Deliverables or any part thereof, the right to be associated with the Deliverables and
the right to restrain use of any reproduction of the Deliverables in any context. Contractor also undertakes to ensure that each employee and subcontractor of Contractor waive their moral rights in the Deliverables in favor of Entrust.

	
6.      		
LIMITATION OF LIABILITY	
	 
	
6.1      		
IN NO EVENT SHALL ENTRUST OR CONTRACTOR (INCLUDING SUCH PARTY’S	
	 

AFFILIATES, SUBCONTRACTORS, AGENTS, SUPPLIERS, DIRECTORS OR EMPLOYEES) BE LIABLE FOR ANY SPECIAL, INCIDENTAL, PUNITIVE, EXEMPLARY, INDIRECT, RELIANCE OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR
LOSS OF BUSINESS, LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF DATA, LOST SAVINGS OR OTHER SIMILAR PECUNIARY LOSS) WHETHER ARISING FROM CONTRACT (INCLUDING FUNDAMENTAL BREACH), TORT (INCLUDING NEGLIGENCE) OR ANY OTHER THEORY OF LIABILITY.  EXCEPT
FOR (I) CONTRACTOR’S BREACH OF ITS WARRANTY OBLIGATIONS HEREIN, AND (II) CONTRACTOR’S INDEMNITY OBLIGATIONS UNDER THIS AGREEMENT, IN NO EVENT SHALL EITHER PARTY’S TOTAL CUMULATIVE LIABILITY PURSUANT TO THIS AGREEMENT EXCEED THE
CUMULATIVE FEES PAID BY ENTRUST TO CONTRACTOR HEREIN.

6.2 NOTWITHSTANDING SECTION 6.1, NO LIMITATION OF EITHER PARTY’S LIABILITY SET FORTH IN THIS AGREEMENT SHALL APPLY TO (I) DAMAGES ARISING FROM CONTRACTOR’S BREACH OF ITS
CONFIDENTIALITY OBLIGATIONS, (II) DAMAGES ARISING FROM CONTRACTOR’S INFRINGEMENT OF ENTRUST’S INTELLECTUAL PROPERTY RIGHTS, OR (III) CLAIMS FOR INJURY TO INDIVIDUALS OR DAMAGE TO TANGIBLE PROPERTY CAUSED BY THE NEGLIGENCE OF SUCH PARTY OR
ITS EMPLOYEES, SUBCONTRACTORS OR AGENTS.

	
7.      		
CONFIDENTIALITY	
	 
	
7.1      		
Contractor shall retain the Confidential Information of Entrust and its Affiliates in confidence and shall use	
	 

and disclose it solely for the purpose of, and in accordance with, this Agreement. Contractor shall only disclose Confidential Information of Entrust (or any of its Affiliates) to those of its employees and subcontractors
with a need to know such Confidential Information.  Contractor shall ensure that its employees and subcontractors are under confidentiality obligations no less restrictive than those in this Agreement.  Contractor shall use the same degree of care
as it uses to protect its own confidential information of a similar nature, but no less than reasonable care, to prevent the unauthorized use or disclosure of Entrust’s (or any of its Affiliates) Confidential Information.

7.2 Contractor shall not be bound by any obligations restricting disclosure and use set forth in this Agreement with respect to the Confidential Information of Entrust (or any of its Affiliates), or any part thereof,
which:

	
(i)      		
was known to Contractor prior to disclosure;	
	 
	
(ii)      		
was lawfully in the public domain prior to its disclosure, or becomes publicly available other than through a breach of this Agreement;	
	 
	
(iii)      		
was disclosed to Contractor by a third party, provided that such third party is not in breach of any confidentiality obligation in respect of such information; or	
	 
	
(iv)      		
is independently developed by Contractor.	
	 

7.3 If Contractor is compelled pursuant to legal, judicial, or administrative proceedings, or otherwise required by law, to disclose the Confidential Information of Entrust (or any of its Affiliates), Contractor shall use
reasonable efforts to (i) seek confidential treatment for such Confidential Information, and (ii) provide prior notice to Entrust

	
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September 9, 2008

3

(or, if applicable, its Affiliates) to allow Entrust (or, if applicable, its Affiliates) to seek protective or other court orders.

7.4 Upon request from Entrust, Contractor shall immediately return to Entrust all Confidential Information and copies thereof, or if directed by Entrust, shall immediately destroy such Confidential Information and all
copies thereof, and shall furnish proof of their destruction to Entrust.

	
8.      		
COMPUTER AND RELATED ACCESS	
	 
	
8.1      		
If Contractor requires access to Entrust facilities or access, either on-site or remotely, to and use of any	
	 

Entrust computer systems in the performance or provision of the Deliverables, as specified in any Statement of Work, Contractor shall limit and use such access solely for the performance or provision of the Deliverables and
shall not access or attempt to access any Entrust facility, computer systems, files, software or services other than those required for the performance or provision of the Deliverables. Contractor shall limit such access to those of its employees
with an express requirement to have such access in connection with the performance or provision of the Deliverables, shall advise Entrust in writing of the name of each such employee who will be granted such access, and shall strictly follow all
Entrust security rules and procedures for restricting access to Entrust's facilities and computer systems. Contractor shall provide immediate written notice to Entrust in the event any Contractor employee who has been granted access no longer
requires such access. All user identification numbers and passwords disclosed to Contractor and any information obtained by Contractor as a result of Contractor's access to and use of Entrust's computer systems shall be deemed to be, and treated as,
Confidential Information under Section 

8. Entrust and Contractor shall cooperate in the investigation of any apparent unauthorized access to any Entrust facility or computer system. These provisions concerning computer access shall apply equally to any access
and use by Contractor of Entrust's electronic mail system, or of any other property, equipment or service of Entrust.

	
9.      		
TERM AND TERMINATION	
	 
	
9.1      		
This Agreement shall commence on the Effective Date and shall continue in effect for a term of one (1)	
	 

	
year.

9.2 In the event either party (the "defaulting party") is in a material breach of, or fails to perform a material obligation under, this Agreement or a Statement of Work, the other party may, by notice, require the breach
to be cured or the obligation to be performed. If, within thirty (30) days of the receipt of such notice, the defaulting party fails to undertake a reasonable course of action to cure such breach, or fails to perform such obligation, the
non-defaulting party may upon notice, in addition to any other rights or remedies it may have at law or in equity, terminate this Agreement and/or a Statement of Work.

9.3 If Entrust terminates this Agreement due to Contractor’s material breach, Contractor shall cease all work under such Statement of Work. Entrust shall pay to Contractor the full fee for any completed and accepted
Deliverables but shall not be obligated to pay fees for: (i) any other Deliverables, or (ii) any other costs for which Contractor may seek reimbursement. Contractor shall provide any completed and/or uncompleted Deliverables to Entrust.

	
9.4      		
Sections 1, 4, 5, 6, 7, 9 and 10 shall survive termination or expiration of this Agreement.	
	 
	
10.      		
GENERAL	
	 
	
10.1      		
Contractor shall observe and comply with all applicable laws, ordinances, codes and regulations of	
	 

governmental agencies, including federal, state, provincial, municipal, and local governing bodies having jurisdiction over the Deliverables or any part thereof. Contractor and its employees will also comply with the
Entrust Code of Conduct and the Insider Trading Policy of Entrust.

	
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4

10.2 Contractor shall be and is an independent Contractor, and is not an agent or employee of Entrust. Further, Contractor shall exercise full control over the employment and compensation of all persons employed by the
Contractor in the performance of the services hereunder. Contractor shall be solely responsible for and shall indemnify, defend and save Entrust harmless from all matters related to the payment of its employees, including compliance with social
security, withholding and all other wages, salaries, benefits, taxes, exemptions and regulations of any nature whatsoever.

10.3 Nothing contained in this Agreement shall be deemed to constitute either party as the partner, agent or legal representative of the other party or to create any joint venture or fiduciary relationship for any purpose
whatsoever. Except as otherwise specifically provided in this Agreement, nothing in this Agreement shall confer on either party any authority to act for, bind, or create or assume any obligation or responsibility on behalf of the other
party.

10.4 Any notice to be given hereunder shall be given to the party’s project contact in writing by prepaid receipted mail, facsimile, or overnight courier, and shall be effective as follows (i) in the case of facsimile
or courier, on the next business day, and (ii) in the case of receipted mail, five (5) business days following the date of deposit in the mail.

10.5 Neither party shall be deemed in default hereunder or liable for any loss or damage resulting from delays in performance or from failure to perform or comply with the terms of this Agreement due to any causes beyond
its reasonable control, which causes include but are not limited to acts of God or the public enemy; riots and insurrections, terrorism, war, accidents, fire, strikes and other labour difficulties (whether or not the party is in a position to
concede to such demands), embargoes, judicial action, lack of or inability to obtain export permits or approvals, necessary labour, materials, energy, utilities, components or machinery, acts of civil or military authorities.

10.6 The failure of a party to claim a breach of any term of this Agreement shall not constitute a waiver of such breach or the right of such party to enforce any subsequent breach of such term.

10.7 Neither the Contractor nor Entrust shall assign this Agreement, any interest herein or any rights hereunder without the prior written consent of the other party, except that Entrust may assign this Agreement to any
party which acquires all or substantially all of its related business by merger, sale of assets, or otherwise or to an Affiliate of Entrust.

10.7 In the event that any provision of this Agreement is found to be invalid, void or unenforceable, the parties agree that unless such provision materially affects the intent and purpose of this Agreement, such
invalidity, voidability or unenforceability shall not affect the validity of this Agreement nor the remaining provisions herein.

10.8 This Agreement shall be governed by the laws of the United Kingdom, without regard to its conflict of law principles. The application of the United Nations Convention on Contracts for the International Sale of Goods to
this Agreement is expressly excluded.

10.9 This Agreement and the Schedules hereto constitute the entire agreement between the parties on the subject matter hereof and supersede all prior agreements, communications and understandings of any nature whatsoever,
oral or written.  This Agreement may not be modified or waived orally and may be modified only in a writing signed by a duly authorized representative of both parties. All terms and conditions on a purchase order document shall be of no contractual
effect between the parties.

	
Services Agreement

September 9, 2008

5

IN WITNESS WHEREOF, the parties have signed this Agreement as of the Effective Date.

ENTRUST LIMITED ANDREW PINDER CONSULTANCY LTD.

	 	
/s/ T. Harrold

General Counsel, Entrust Limited

	 	
/s/ Andrew Pinder

	
Services Agreement

September 9, 2008

6

	
SCHEDULE A-1

STATEMENT OF WORK

This Statement of Work is governed by the terms and conditions of the Technical Services Agreement ("Agreement") signed between Entrust Limited ("Entrust") and John Andrew Pinder ("Contractor").

Consultant will provide Entrust Limited’s affiliate Entrust (Europe) Limited (“Entrust UK”) with advice and consulting services from time to time (the “Deliverables”) based on the following fee
schedule:

  GBP 12,750 paid per month for 12 months, totalling GBP 153,000 (the “Total Fee”);

Such advice and consulting services will be limited to 72 days over such 12 month time period, based on an estimate of six days per month.

All invoices will be paid net thirty (30) days provided that they are in the amount set forth above.

Upon an Acquisition Event within the twelve month term of the Agreement occurring, the unpaid balance of the Total Fee will be paid out.

Consultant will cause its employee Andrew Pinder (“Advisor”) to become a director of Entrust UK for a term of 12 months, and to execute all necessary documents to give effect to the foregoing. In consideration of
such appointment, upon joining the Entrust Europe board Entrust, Inc. will issue Advisor 75,000 options and 10,000 restricted stock units (RSUs). The exercise price of the grant will be the closing price of Entrust, Inc.’s common shares on the
date of appointment. Such grants shall be subject to award agreements (the form of which will be supplied to Advisor upon joining the board of Entrust Europe) and the Plan that is incorporated into the award agreements, and the terms and conditions
of those agreements and Plan shall prevail over all other documents. The award agreements will provide that subject to Advisor continuing to be a Service Provider (as defined in the Plan), Advisor will be eligible to vesting upon the happening of an
Acquisition Event.

	
Services Agreement

September 9, 2008

7

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