Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.1  

 
 

HOSTOPIA.COM INC.
  2000 STOCK OPTION PLAN    
    

1.     Purpose  

        The purposes of the Plan are to advance the interests of the Company and its stockholders, by providing a long-term incentive compensation program
that will be an incentive to the Key Employees of the Company and its Subsidiaries whose contributions are important to the continued success of the Company and its Subsidiaries. It is generally
recognized that stock option plans of the nature provided for herein aid in retaining and encouraging employees and directors of exceptional ability because of the opportunity offered them to acquire
a proprietary interest in the Company. 

2.     Definitions  

        2.1   "Award Notice" means a written notice from the Company to a Participant that sets forth the terms and conditions of Stock
Options awarded to the Participant under the Plan in addition to those established by this Plan and by the Committee's exercise of its administrative powers. 

        2.2   "Board" means the Board of Directors of the Company. 

        2.3   "Code" means the United States Internal Revenue Code of 1986, as amended from time to time. 

        2.4   "Committee" means the Compensation Committee of the Board, or such other committee designated by the Board, authorized to
administer the Plan. The Committee shall consist of not less than three members, each of whom shall be "disinterested" as defined by Rule 16b-3 under the Exchange Act as
amended from time to time. 

        2.5   "Common Stock" means the common stock, $.001 par value, of the Company. 

        2.6   "Company" means Hostopia.com Inc., a Delaware corporation. 

 

        2.7   "Exchange Act" means the United States Securities Exchange Act of 1934, as amended from time to time. 

        2.8   "Fair Market Value" with respect to a share of Common Stock subject to Stock Option, on any date means the average of the
high and low sales prices on that date of a share of Common Stock as reflected in the report of the most senior exchange on which the Company is listed provided, however, that if no shares of Common
Stock have been publicly traded for more than ten (10) days immediately preceding such date, then the Fair Market Value of a share of Common Stock shall be determined by the Committee acting in
good faith in such manner as it may deem appropriate. 

        2.9   "Foreign Private Issuer" has the meaning assigned to it in the rules promulgated under the Exchange Act. 

        2.10 "Insider" has the meaning assigned to it in the Securities Act (Ontario), as amended (other than a person who falls
within that definition by virtue of being a director or senior officer of a subsidiary of the Company). 

        2.11 "Key Employee" means an officer, other employee or a director of the Company or a Subsidiary as determined by
the Committee. 

        2.12 "Participant" means any individual to whom Stock Options have been awarded by the Committee under this Plan. 

        2.13 "Plan" means the Hostopia.com Inc. 2000 Stock Option Plan. 

        2.14 "Stock Option" means an award of stock options for shares of Company Common Stock. 

        2.15 "Subsidiary" means a corporation or other business entity in which the Company directly or indirectly has an ownership
interest of more than 50 percent and the power to elect a majority of directors. 

2

 

3.     Administration of Stock Option Plan  

        The Plan shall be administered by the Committee. The Committee shall have the authority to: (a) interpret the Plan; (b) establish such rules and
regulations as it deems necessary for the proper administration of the Plan; (c) select Key Employees to receive Stock Options under the Plan; (d) determine and modify the form of Stock
Options awarded under the Plan, the number of Stock Options awarded to any Key Employee, except that any awards made to Committee members must be approved by the Board, and all the terms and
conditions of Stock Options awarded under the Plan, including the time and conditions of exercise or vesting; (e) grant waivers of Plan terms and conditions, provided that such waivers are not
inconsistent with Section 16 of the Exchange Act or the Securities Act (Ontario) and the rules promulgated thereunder; (f) accelerate the vesting of any Stock Option when any such action
would be in the best interests of the Company; and (g) take any and all other action it deems advisable for the proper administration of the Plan subject to Board Approval. All determinations
of the Committee shall be made by a majority of its members, and its determinations shall be final, binding and conclusive. 

4.     Eligibility  

        Any Key Employee is eligible to become a Participant in the Plan. 

5.     Shares Available  

        The maximum number of shares of Common Stock which shall be available for award of Stock Options under the Plan during its term shall not exceed 4,000,000, the
maximum number of shares of Common Stock with respect to which Stock Options may be granted to any individual Key Employee during any calendar year shall not exceed 500,000; all subject to adjustment
as provided in paragraph 12. Any shares of Common Stock related to Stock Options which terminate by expiration, forfeiture, cancellation or otherwise without the issuance of such shares shall
be available again for award under the Plan. 

3

 

6.     Effective Date  

        The Plan shall become effective as of May 31, 2000. 

7.     Participation  

        The Committee shall select Participants, determine the type of awards (Stock Options) to be awarded, and establish in the related Award Notices the applicable
terms and conditions of the Stock Options in addition to those set forth in this Plan and any administrative rules issued by the Committee. 

8.     Stock Options  

        8.1    General.    Stock Options may be awarded to any Key
Employee and shall be evidenced by an Award Notice with terms and conditions consistent with the Stock Option Plan. 

        8.2    Price.    The price at which Common Stock may be purchased
upon exercise of a Stock Option shall be established by the Committee, but such price shall not be less than the Fair Market Value of the Common Stock on the date of the Stock Option's award. 

        8.3    Restrictions Relating to Stock Options.    Stock Options
shall, in addition to being subject to all applicable terms and conditions established by the Committee, comply with the Code and the Income Tax Act (Canada). 

        8.4    Term.    Unless the Committee determines otherwise, Stock
Options will have a term of seven years. 

        8.5    Committee Decisions.    All decisions made by the
Committee acting reasonably shall be binding on the Participant. 

9.     Exercise of Stock Options.    Upon exercise, the option price of a Stock
Option shall be paid in cash. 

10.   Termination of Employment  

        Subject to paragraph 14, if a Participant's employment with the Company or a Subsidiary terminates whether for cause or otherwise for a reason other than
death, disability, or an approved reason, all the Participant's unvested Stock Options shall be canceled or forfeited as the case may be, unless the Participant's Award Notice provides otherwise. The
Committee shall have the authority to promulgate rules and regulations to (i) determine what events constitute disability or termination for an approved reason for purposes of the Plan, and
(ii) determine the treatment of a Participant under the Plan in the event of his death, disability or termination for an approved reason. 

4

 

11.   Nonassignability  

        Except as otherwise provided by the Committee, in its sole discretion, in the Award Notice, no Stock Option awarded under the Plan shall be subject in any manner
to alienation, anticipation, sale, transfer (except by will or the laws of descent and distribution), assignment, pledge, or encumbrance and a Participant's Stock Options shall be exercisable during
the Participant's lifetime only by him. 

12.   Adjustment of Shares Available  

        12.1    Changes in Stock.    In the event of changes in the
Common Stock by reason of a Common Stock dividend, stock consolidation or stock split-up or combination, appropriate adjustment shall be made by the Committee in the aggregate number of
shares available under the Plan, the number of shares with respect to which Stock Options may be granted to any individual Key Employee during any calendar year and the number of shares subject to
outstanding Stock Options, without change in the aggregate purchase price to be paid therefor. Such proper adjustment as may be deemed equitable by the Committee in its discretion may be made to give
effect to any other change affecting the Common Stock. 

        12.2    Changes in Capitalization.    In case of a merger or
consolidation of the Company with another corporation, a reorganization of the Company, a reclassification of the Common Stock of the Company, or other changes in the capitalization of the Company,
appropriate adjustment shall be made for the protection and continuation of any outstanding Stock Options by either (i) the substitution, on an equitable basis, of appropriate stock, stock
options or other securities, to which holders of outstanding Stock Options will be entitled pursuant to such transaction or succession of transactions, or (ii) by appropriate adjustment in the
number of shares issuable pursuant to the exercise of outstanding Stock Options and the option price of outstanding Stock Options, as deemed appropriate by the Committee and any such adjustment shall
be binding on the holder of the Stock Option. 

5

 

13.   Tax Withholding  

        Payment by Participant.    Each Participant shall be responsible for the payment of all applicable taxes or other local
taxes of any kind including, without limitation, United States, Canadian, state, provincial or local income taxes, United States FICA, Social Security and Canadian Employment Insurance
and CPP and Employment with respect to amounts includable in the Participant's gross income for Federal income tax purposes with respect to any Stock Option awarded pursuant to the Plan. The Company
and its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant. 

14.   Non-competition Provision  

        The Committee may provide in any Award Notice that the Participant shall forfeit all his unexercised Stock Options if, (i) in the opinion of the Committee,
the Participant, without the written consent of the Company, engages directly or indirectly in any manner or capacity as principal, agent, partner, officer, director, employee, owner, promoter, or
otherwise, in any business or activity competitive with the business conducted by the Company or any Subsidiary; or (ii) the Participant performs any act or engages in any activity which in the
opinion of the Committee is inimical to the best interests of the Company. 

15.   Amendments of Awards  

        The Committee may at any time unilaterally amend the Award Notice for any unexercised Stock Option then subject to restrictions to the extent it deems
appropriate; provided, however, that any such amendment which is adverse to a Participant, other than any amendment required by a stock exchange or other regulatory body, shall require the
Participant's consent. 

6

 

16.   Regulatory Approvals and Listings  

        Notwithstanding anything contained in this Plan to the contrary, the Company shall have no obligation to issue or deliver certificates of Common Stock upon the
exercise of any Stock Option prior to (a) the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable,
(b) the admission of such shares to listing on the stock exchange on which the Common Stock may be listed, and (c) the completion of any registration or other qualification of said
shares under any provincial, state or federal law or ruling of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. 

17.   No Right to Continued Employment or Awards  

        Participation in the Plan shall not give any Key Employee any right to remain in the employ of the Company or any Subsidiary. The Company or, in the case of
employment with a Subsidiary, the Subsidiary, reserves the right to terminate any Key Employee at any time. Further, the adoption of this Plan shall not be deemed to give any person any right to be
selected as a Participant or to be awarded any Stock Options. 

18.   Record Keeping  

        The Company shall maintain a register in which shall be recorded (a) the name and address of each Participant; (b) any Participant's exercise of
Stock Options; (c) the number of unissued shares reserved for issuance pursuant to an Option; and (d) such other information as the Committee may determine. 

7

 

19.   Amendments to the Stock Option Plan  

        The Board may suspend or terminate the Plan at any time. In addition, the Board may, from time to time, amend the Plan in any manner, but may not without
stockholder approval adopt any amendment which would (a) materially increase the benefits accruing to Participants under the Plan, (b) materially increase the number of shares of Common
Stock which may be issued under the Plan (except as specified in paragraph 12), or (c) materially modify the requirements as to eligibility for participation in the Plan. Any such
amendment shall, if required, be subject to the prior approval of, or acceptance by, any stock exchange on which the shares are listed and posted for trading. 

20.   Takeovers, Mergers or Other Business Combinations  

        In the event the Company proposes to amalgamate, merge or consolidate into another company (hereinafter called the Successor Company), the Participant shall be
entitled to receive upon the subsequent exercise of such Participant's Option in accordance with the terms hereof and shall accept in lieu of the number of Shares to which such Participant was
theretofor entitled upon such exercise but for the same aggregate consideration payable therefore, the aggregate number of shares of the appropriate class and/or other consideration from the Company
or the Successor Company (as the case may be) that the Participant would have been entitled to receive as a result of such reclassification, reorganization or other change. 

21.   No Right, Title or Interest in Company Assets  

        No Participant shall have any rights as a stockholder as a result of participation in the Plan until the date of issuance of a stock certificate in his name and
such rights are granted to the Participant under paragraph 9. 

8

 

22.   No Representation or Warranty  

        The Company makes no representation or warranty as to the future market value of any shares issued in accordance with the provisions of the Plan. 

23.   Foreign Private Issuer Status  

        If, and for so long as, the Company is not a Foreign Private Issuer or if the directors and officers of the Company otherwise become subject to Section 16
of the Exchange Act, then notwithstanding any provision of the Plan to the contrary (a) the Plan shall be administered by the Committee; (b) the Committee shall determine and designate,
from time to time, the individuals to whom awards shall be made hereunder, the amount of the awards and the other terms and conditions of such awards; and (c) the Committee may, subject to
Subsection 23 (b) and Section 19 amend or modify the Plan to the extent that the Committed, based upon the advice of legal counsel, considers necessary or desirable to bring the
Plan into compliance with Rule 16b-3 under the Exchange Act. 

24.   Governing Law  

        The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware. 

9

    •    

        Dear
                                    : 

        The
Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Hostopia.com Inc. (the "Company") has awarded to you stock options
under the 2000 Stock Option Plan (the "Plan"). This award will enable you to participate in the future progress of our Company and will reflect your efforts as we move forward. 

        Your
new stock options are described in the balance of this letter agreement between us. This letter constitutes your Award Notice with respect to the options described herein. 

        The
Plan text governs the operation of the Plan as well as the terms and conditions of your stock options granted under the Plan and is incorporated herein by reference. A copy of the
Plan text is enclosed. Any initially capitalized terms not defined in this letter agreement shall have the same meaning as it is defined in the Plan. 

GRANT OF OPTIONS 

        You
are hereby granted, effective    •    , stock options ("Options") to purchase
                                    
(                                    ) shares of common stock,
$0.001 par value, of the Company ("Common Stock") at a purchase or option price of
US$    •    per share. The purchase or option price is the Fair Market Value of a share of Common Stock on    •    , as determined in
good faith by the Committee by reference to an arm's length sale of shares on the same date and in accordance with the Plan. 

        Your
Options expire at the end of the day on    •    , and may not be exercised thereafter. As discussed below, your Options may expire sooner if your
employment with the Company or a Subsidiary terminates before then. 

EXERCISE OF OPTIONS 

        Your
Options shall be exercisable in accordance with the schedule set forth below, and to the extent then exercisable, may be exercised in whole or in part. 

	•
	Up
to                          shares of Common Stock (one third of the total shares under your Options) may be purchased
on or after
    •    ;

	•
	Up
to                          shares of Common Stock (one third of the total shares under your Options) may be purchased
on or after
    •    ;

	•
	Up
to                          shares of Common Stock (one third of the total shares under your Options) may be purchased
on or after
    •    . 

        To
exercise your Options to purchase shares of Common Stock you must deliver to the Secretary of the Company written notice of exercise specifying the number of shares of Common Stock to
be purchased together with the full payment of the purchase or option price for the shares. Cheques should be made payable to Hostopia.com Inc. Certificates for shares purchased will be
delivered to you as soon as practicable after you exercise your Options. 

Page 2

TERMINATION OF EMPLOYMENT 

        Except
as otherwise provided in the Plan, on termination of your employment with the Company or a Subsidiary for any reason whether for cause or otherwise other than death, Disability
(as defined below), or an approved reason as determined by the Committee, your unvested Options shall terminate. 

        On
termination of your employment with the Company or a Subsidiary by reason of your death, Disability (as defined below), or an approved reason, all of your Options shall become
exercisable and you, or in the event of your death, your estate or the person to whom your rights under your Options are transferred by will or the laws of descent and distribution, or, in the event
of your Disability (as defined below), your legal representative or committee, may, within one (1) year after the date of such termination or such longer period as determined by the
Committee, in its sole discretion, purchase all or part of the shares under your Options. 

        On
termination of your employment with the Company or a Subsidiary for any other reason, all of your vested Options must be exercised within thirty (30) days after the date of
notice of such termination or such longer period as determined by the Committee, in its sole discretion. 

        For
purposes of your Options and this letter agreement, the term "Disability" means total disability entitling you to benefits under the Company's long-term disability plan,
as in effect from time to time. 

        Notwithstanding
the foregoing, your Options may not be exercised
after                                         
       .
 

ADMINISTRATION OF THE PLAN; AUTHORITY OF THE COMMITTEE 

        The
Plan shall be administered by the Committee. The Committee has the authority, in its sole discretion, to interpret the Plan and all grants and awards of options thereunder, to
establish, amend and rescind rules and regulations relating to the Plan, and to make any determination it believes necessary or advisable for the administration of the Plan. The scope of the
Committee's authority is more fully described in the Plan. All decisions of the Committee in the administration of the Plan are conclusive and binding on you. 

FORFEITURE OF UNEXERCISED OPTIONS 

        If
(1) in the opinion of the Committee, you, without the written consent of the Company, engage directly or indirectly in any manner or capacity as principal, agent, partner,
officer, director, employee, owner, promoter or otherwise, in any business or activity competitive with the business conducted by the Company or any Subsidiary, or (2) you perform any act or
engage in any activity which in the opinion of the Committee is inimical to the best interests of the Company, your unexercised Options shall be deemed forfeited and shall cease to be exercisable. In
addition, if you terminate your employment with the Company or a Subsidiary for any reason, any Options that have not vested will be forfeited. 

Page 3

MISCELLANEOUS 

        Subsequent
to the execution and delivery of this Award Notice and without any additional consideration, you shall sign and deliver or cause to be signed and delivered any further
legal instruments and perform any acts, which are or may be requested or required by the shareholders, directors or officers of the Company, including without limitation any
shareholder agreement. 

        You
have no right to assign or transfer your Options, except by will, or by the laws of descent and distribution and during your life, your Options are exercisable only by you. 

        Nothing
in this letter agreement, the Plan or your Options confers on you any right to continue in the employment of the Company or a Subsidiary or restricts the right of the Company or
a Subsidiary to terminate your employment. 

        This
letter agreement shall be binding on and inure to the benefit of the Company (and its successors and assigns) and you (and your estate). 

        This
letter agreement shall be governed, construed and enforced in accordance with the Plan and with the laws of the State of Delaware, without regard to principles of conflicts or
choice of law. 

ACCEPTANCE 

        If
the foregoing is acceptable to you, kindly acknowledge your acceptance and agreement by signing the enclosed copy of this letter and returning it to me by
    •    . 

	 	 	Very truly yours,
	 	 	

	 	 	By
	 	 	

	AGREED TO AND ACCEPTED

this              day of
                                    , 200•.	 	 
	  	 	 
	
	 	 

QuickLinks

HOSTOPIA.COM INC. 2000 STOCK OPTION PLANQuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.3  

 
 

EMPLOYMENT AGREEMENT    
    

        THIS AGREEMENT is made and entered into as of the 1st day of June, 2006 by and between Hostopia.com Inc. (the "Company") and
William Campbell (the "Employee"). 

        WHEREAS
the Company wishes to employ Employee and desires to enter into an agreement (the "Agreement") embodying the terms of such employment; 

        AND
WHEREAS Employee has accepted such employment on the basis of the terms and conditions set forth in this Agreement; 

        IN
CONSIDERATION of the recitals and mutual covenants contained herein and for other good and valuable consideration, the parties agree as follows: 

	1.
	Employment:

	(a)
	The
Company hereby employs Employee and Employee hereby accepts employment with the Company for the term of this Agreement set forth in Section 2 below, in a position and with
the duties and responsibilities set forth in Section 3 below, and upon all other terms and conditions in this Agreement set forth.

	(b)
	Employee
shall be headquartered in Mississauga, Ontario, provided that Employee shall render such services within and outside of Canada, as shall from time to time be necessary for
the performance of his duties hereunder.

	2.
	Term:

	(a)
	The
term of Employee's employment pursuant to this Agreement (the "term") shall be for a period of 2 years and 10 months, and shall begin on June 1, 2006
and shall continue until March 31, 2009, subject to the provisions of this Agreement providing for earlier termination of Employee's employment in certain circumstances.

	(b)
	The
term shall automatically be extended for an additional period of 12 months from and after April 1, 2009 ("Renewal Date") and on each subsequent anniversary of the
Renewal Date, unless terminated by either the Company or Employee by written notice to the other given at least 180 days prior to the Renewal Date or each subsequent anniversary of the
Renewal Date.

	3.
	Position,
Responsibilities:

	(a)
	It
is intended that at all times during the term of this Agreement, Employee shall serve as the President of the Company with responsibility for performing such duties for the Company
and its subsidiaries as Employee shall reasonably be directed to perform by the Company's Chief Executive Officer and board of directors. 

 

	(b)
	Throughout
the term of this Agreement, Employee shall devote on average, no less than 40 hours per week to the business and affairs of the Company, except for vacations and
except for illness or incapacity. In addition, nothing in this Agreement shall preclude Employee from devoting reasonable periods required for serving, as appropriate, on boards of directors of other
corporations, from engaging in charitable and public service activities, and from managing his personal investments, provided such activities do not materially interfere with the performance of his
duties and responsibilities under this Agreement.

	4.
	Salary/Options:    For
services rendered by Employee during the term of this Agreement, Employee shall be paid a base salary payable monthly, at
an annual rate of CAD$225,000 during the term, subject, during the second and the third years of the term and for subsequent years, if any, to annual review and increase of salary and options at the
sole discretion of the board of directors of the Company, taking into account, among other things, individual performance and general business conditions.

	5.
	Business
Expenses:    Employee will be reimbursed for all reasonable expenses incurred by him in connection with the conduct of the Company's
business upon presentation of sufficient evidence of such expenditures provided such expenditures are deductible to the Company for tax purposes or are authorized expenditures pursuant to policies
adopted by the board of directors of the Company from time to time.

	6.
	Benefits
and Vacation:

	(a)
	Employee
will be entitled to participate in all employee benefit programs of the Company from time to time in effect under the terms and conditions of such programs, including, but
not limited to, pension and other retirement plans, group life insurance, hospitalization and surgical and major medical coverages, dental insurance, sick leave, including salary continuation
arrangements, long-term disability, and such other fringe benefits as are or may be available from time to time to employees of the Company.

	(b)
	The
Company may obtain a key-man life insurance policy covering Employee for the benefit of Employee or the Company in such amount as the Company considers appropriate,
and Employee hereby agrees to take all necessary actions to facilitate the issuance and maintenance of such insurance policy.

	(c)
	Employee
shall be entitled to all usual public holidays and, in addition, to four weeks paid vacation during each year of Employee's employment hereunder. Such vacation shall be
utilized by Employee at such time or times as do not materially interfere with the ongoing conduct of the Company's business and operations.

	7.
	Termination
of Employment:

	(a)
	Death.    In
the event of the death of Employee during the term of this Agreement, Employee's salary will be paid to Employee's designated
beneficiary, and in the absence of such designation, to the estate or other legal representative of Employee, through the end of the month in which death occurs. Rights and benefits of Employee under
employee benefit plans and programs of the Company, including life insurance, will be determined in accordance with the terms and conditions of such plans and programs. 

2

 

	(b)
	Disability.    Employee's
employment shall terminate automatically upon written notice from the Company in the event of Employee's absence or
inability to render the services required hereunder due to disability, illness, incapacity or otherwise for an aggregate of 60 days during any one year period. In the event of any such absence
or inability, Employee shall be entitled to receive the compensation provided for herein for the first 30 days thereof, whereafter Employee shall be entitled to receive compensation in
accordance with the Company's long-term disability plan together with such compensation, if any, as may be determined by the board of directors of the Company.

	(c)
	Termination
by the Company Other Than for Cause.    In the event of termination by the Company of Employee employment hereunder other than for
cause, Employee shall be entitled to continued salary payments, payable monthly, for a period equal to 2 weeks multiplied by the number of years employed by the Company ("Severance Period"),
following such termination (notwithstanding that the balance of the term of this Agreement may exceed the Severance Period) at the rate in effect immediately prior to such termination. Any rights and
benefits of Employee under employee benefit plans and programs of the Company will be determined in accordance with the terms of such plans and programs.

	(d)
	Termination
by the Company for Cause.    In the event of a termination for cause, there will be no continued salary payments by the Company to
Employee and any rights and benefits of Employee under employee benefit plans and programs of the Company will be determined in accordance with the terms of such plans and programs. For purposes of
this Section 7(d) and of Employees employment with the Company, "cause" shall mean that:

	(i)
	Employee
has committed a felony or indictable offence or has improperly enriched himself at the expense of the Company or has committed an act evidencing dishonesty or
moral turpitude including without limitation an act of theft; or

	(ii)
	Employee,
in carrying out his duties hereunder, (i) has been wilfully and grossly negligent, or (ii) has committed wilful and gross misconduct or,
(iii) has failed to comply with an instruction or directive from the board of directors of the Company;

	(iii)
	Employee
has breached a material term of this Agreement;

	(iv)
	Employee
becomes bankrupt or in the event a receiving order (or any analogous order under any applicable law) is made against Employee or in the event Employee
makes any general disposition or assignment for the benefit of his creditors; or 

3

 

	(v)
	Employee
commits any other act giving the Company cause to terminate Employee's employment, including, but not limited to, chronic alcoholism or drug addiction, material
malfeasance or nonfeasance with respect to Employee's duties hereunder. 

Prior
to any termination of Employee for cause due to any occurrence described in subparagraphs 7(d)(ii), (iii) and (v) above, the Company shall notify Employee in writing of the
particulars of the occurrence upon which termination would be based and shall in such notice advise Employee as to whether in the Company's sole discretion the default of Employee occasioned by such
occurrence is capable of being cured or rectified in full without loss or damage to the Company, in which case the Company shall afford Employee a reasonable period of not less than five business days
in which to cure or rectify such default. In such event and provided Employee cures or rectifies such default in full without loss or damage to the Company, Employee's employment shall not be
terminated on the basis of such occurrence. 

	8.
	Non-Competition:    Employee
agrees that during the period of Employee's employment with the Company and for a period of
18 months from the last payment of compensation to Employee by the Company, Employee shall not engage in or participate in any business activity that competes, directly or indirectly, with the
businesses of the Company, or its subsidiaries or affiliates, provided that Employee shall not be precluded from competing with the business of the Company in the event of a termination of Employee's
employment as a result of a material breach by the Company of the provisions of this Agreement or in the event that Employee's employment is terminated by the Company other than for cause. 

For
purposes of this Section 8, Employee shall be deemed to "compete, directly or indirectly" with the businesses of the Company, or its subsidiaries or affiliates if Employee is or becomes
engaged, otherwise than at the request of the Company, as an officer, director or employee of, or is or becomes associated in a management or ownership, consultant or agent, capacity with, any
corporation, partnership or other enterprise or venture the business of which includes wholesale, private label web hosting and email services in Canada or the United States, during the
18 month period immediately preceding Employee's termination. Employee shall not be deemed to "compete, directly or indirectly" with the businesses of the Company, or its subsidiaries or
affiliates if he becomes associated in a management or ownership, consultant or agent, capacity with, any corporation, partnership or other enterprise or venture, the business of which is competitive
to the Company, prior to the date that the businesses of the Company becomes competitive with the business of such corporation, partnership or other enterprise or venture. 

Notwithstanding
anything to the contrary contained herein Employee may, without being deemed to compete, directly or indirectly, with the businesses of the Company or its subsidiaries or affiliates
own not more than 5% of any class of the outstanding securities of any such corporation listed on a national securities exchange or traded in the
over-the-counter market. 

4

 

It
is the desire and the intent of the parties that the provisions of this Section 8 shall be enforceable to the fullest extent permissible under the laws and public policies applied in each
jurisdiction in which enforcement is sought. Accordingly, if any particular portion of this Section 8 is adjudicated unenforceable in any jurisdiction, such adjudication shall apply only in
that particular jurisdiction in which such adjudication is made. 

The
parties recognize that the Company will have no adequate remedy at law for the breach by Employee of the covenants provided in this Section 8, and, in the event of such breach, the Company
and Employee hereby agree that the Company will be entitled to an injunction, a decree of specific performance, mandamus or other appropriate remedy to enforce such covenants. 

	9.
	Non-Solicitation:    Employee
agrees that for a period of 24 months following the last payment of salary to Employee, Employee
will not, whether as principal, agent, employee, employer, director, officer, shareholder or in any other individual or representative capacity, solicit or attempt to retain in any way whatsoever any
of the employees of the Company or its subsidiaries or affiliates.

	10.
	Confidential
Information:

	(a)
	Employee
agrees not to disclose either while in the Company's employ or at any time thereafter to any person not employed by the Company or not engaged to render services to the
Company, any trade secrets or confidential information of or relating to the Company or its subsidiaries and affiliates or its business obtained by Employee while in the employ of the Company;
provided, however, that this provision shall not preclude Employee from the use or disclosure of information known generally to the public (other than that which Employee may have disclosed in breach
of this Agreement) or of information not generally considered confidential or from disclosure required by law or court order in the proper conduct of the Company's business.

	(b)
	Employee
also agrees that upon leaving the Company's employ, Employee will not take, without the prior written consent of the board of directors of the Company, any document, whether
in paper or electronic form, of the Company or its subsidiaries, affiliates and divisions, which is of a confidential nature relating to the Company or its subsidiaries, affiliates
and divisions.

	(c)
	The
parties recognize that the Company will have no adequate remedy at law for breach by Employee of the covenants provided in this Section 10, and in the event of such breach,
the Company and Employee hereby agree that the Company shall be entitled to an injunction, a decree of specific performance, mandamus or other appropriate remedy to enforce such covenants.

	11.
	Ownership
of Trade Secrets:    All results of services performed by Employee hereunder including without limitation all ideas, copyrights, trade
secrets or otherwise, shall be owned by and be the sole and exclusive property of the Company. Employee hereby transfers and assigns all right, title and interest of every nature and kind whatsoever
therein to the Company and agrees to execute and deliver such further documents and instruments as may be necessary to fully and effectually give effect thereto. 

5

 
	12.
	Withholding:    Anything
to the contrary notwithstanding, all payments required to be made by the Company hereunder to Employee or his estate or
beneficiaries, shall be subject to the withholding of such amounts relating to taxes as the Company may reasonably determine, after consultation with Employee, it should withhold pursuant to any
applicable law or regulation. In lieu of withholding such amounts, in whole or in part, the Company may, in its sole discretion, accept other provisions for payment of taxes and withholdings as
required by law, provided the Company is satisfied that all requirements of law affecting the Company's responsibilities to withhold have been complied with.

	13.
	Notices:    Any
notices, requests, demands or other communications provided for by this Agreement shall be in writing and shall be sufficiently
given when and if sent by personal delivery, overnight courier or by facsimile to the party entitled thereto at the address stated below or at such other address as the addresses may have given by
similar notice: 

To
the Company: 

Hostopia.com Inc.

5915 Airport Road, 11th Floor

Mississauga, Ontario L4V 1T1 

Attention:
Secretary 

Fax
No.: 1 800 979-9587 

To
Employee: 

Bill
Campbell

21 Ashley Park Road

Toronto, Ontario

M9A 4C9 

Fax
No.: 416-883-6701 

Any
such notice shall be deemed delivered if given by means of personal delivery on the day of delivery thereof or if given by means of overnight courier or facsimile transmission on the first
business day following the dispatch thereof. 

	14.
	Entire
Agreement:    This Agreement contains the entire agreement between the parties hereto with respect to matters herein and supersedes all
prior agreements and understandings, oral or written, between the parties hereto relating to such matters. 

6

 
	15.
	Assignment:    Except
as herein expressly provided, the respective rights and obligations of Employee and the Company under this Agreement shall
not be assignable by either party without the written consent of the other party and shall enure to the benefit of and be binding upon Employee and the Company and their permitted successors or
assigns, including, in the case of the Company, any other corporation or entity with which the Company may be merged or otherwise combined or which may acquire the Company or its assets in whole or in
substantial part, and, in the case of Employee, his estate or other legal representatives. Nothing herein expressed or implied is intended to confer on any person other than the parties hereto any
rights, remedies, obligations or liabilities under or by reason of this Agreement.

	16.
	Legal
Fees:    In the event of any dispute or legal proceeding arising out of or in connection with this Agreement, the party succeeding in such
action, whether by judicial decision or settlement, shall be reimbursed by the other party for all legal fees and expenses incurred by the successful party with respect to such dispute
or proceeding.

	17.
	Applicable
Law:    This Agreement shall be deemed a contract under, and for all purposes shall be governed by and construed in accordance with,
the laws of the Province of Ontario without regard to the conflict of laws rules thereof. The Company and Employee hereby each irrevocably consent and attorn to the jurisdiction of the courts of the
Province of Ontario with respect to any dispute or proceeding arising in connection with this Agreement.

	18.
	Amendment
or Modification; Waiver:    No provision of this Agreement may be amended or waived unless such amendment or waiver is authorized by
the Company (including any authorized officer or committee by the board of directors) and is in a writing signed by Employee and by a duly authorized officer of the Company. Except as otherwise
specifically provided in this Agreement, no waiver by either party hereto of any breach by the other party of any condition or provision of this Agreement to be performed by such other party shall be
deemed a waiver of a similar or dissimilar breach, condition or provision at the same time or at any prior or subsequent time.

	19.
	Resignation:    Employee
hereby agrees that, upon termination of his employment for any reason whatsoever, Employee shall thereupon be deemed,
upon the request of the Company, to have immediately resigned any position Employee may have as an officer and/or director or otherwise with any of the Company's subsidiaries or related entities in
connection with or arising from the performance of Employee's duties of employment under this Agreement. In such event, Employee shall, at the reasonable request of the Company, forthwith execute any
and all documents appropriate to evidence such resignations which are consistent with the terms of this Agreement.

	20.
	Damages:    In
the event that Employee is awarded any damages as compensation for any breach of this Agreement, a breach of any covenant
contained in this Agreement (whether express or implied by either law or fact), or any other cause of action based in whole or in part on a breach of any provision of this Agreement or related in any
way to Employee's employment hereunder, such damages shall be limited to contractual damages and shall exclude punitive damages and any other type of tort damages resulting from any such breach of any
such term, covenant or condition of the Agreement. 

7

 
	21.
	Provisions
Surviving Termination:    It is expressly agreed that notwithstanding termination of Employee's employment with and by the Company
for any reason or cause or in any circumstances whatsoever, such termination shall be without prejudice to the rights and obligations of Employee and the Company, respectively, in relation to or
arising up to the time of and including the date of termination, and the provisions of Sections 8, 9, 10, 11, 12,, 16, 17, 19, 20, 21 and 22 of this Agreement, all of which shall remain
and continue in full force and effect unless and until the board of directors of the Company at its absolute discretion resolves otherwise and so notifies Employee in writing.

	22.
	Indemnity:    The
Company hereby indemnifies Employee and agrees to hold Employee safe, harmless, defended and indemnified (to the
maximum extent permissible under applicable law, as now exists or as may be hereafter amended) against all claims and liabilities incurred by Employee relative to his lawful and authorized performance
of the services under this Agreement, except where such claims and liabilities arise because of Employee's intentional default or malfeasance, gross negligence, habitual neglect, unlawful conduct or
breach of the terms, covenants or conditions of this Agreement.

	23.
	Severability:    In
the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason,
the remaining provisions and portions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law.

	24.
	Counterparts:    This
Agreement may be executed in counterparts, each of which shall be an original, but all of which together shall constitute
one and the same instrument.

	25.
	References:    In
the event of Employee's death or a judicial determination of his incompetency, reference in this Agreement to Employee shall
be deemed, where appropriate, to refer to his legal representatives, or, where appropriate, to refer to his beneficiary or beneficiaries.

	26.
	Captions:    Captions
to the Sections of this Agreement are solely for convenience and no provision of this Agreement is to be construed by
reference to the captions of that Section. 

8

 

        IN
WITNESS WHEREOF this Agreement has been executed by a duly authorized officer of the Company and Employee as of the day and year first above written. 

	 	 	 	 	HOSTOPIA.COM INC.
	

 	
 	

 	
 	

By:	
 	

/s/  MICHAEL MUGAN      

	/s/  DIANNE DODGE      
 Witness

 	 	)

)

)

)

)	 	/s/  WILLIAM CAMPBELL      
 WILLIAM CAMPBELL

 

9

QuickLinks

EMPLOYMENT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]