Document:

Exhibit 10.3

 

Human Resources

 

March 31, 2008

 

Blair Baxter

5 Wilmar Road

Toronto, ON M9B3R6

 

Re:   Amendment to Employment
Agreement dated February 11, 2008

 

Dear Blair:

 

This letter will serve to confirm the change in your start date with
JumpTV from what was reflected in above referenced agreement, Article 2, Section 2
as April 1, 2008 to the following:

 

Article 2  Employment

 

2.2           Terms
of Employment

 

The employment of the Employee under this
Agreement will commence on March 31, 2008 (the “Effective Date”) and will
continue for an indefinite period subject to termination in accordance with
this Agreement or otherwise.

 

Please indicate your agreement with this amendment below and return
this document to me at your earliest convenience.

 

	
  Sincerely,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Cynthia L. Primm

  	
   

  	
   

  
	
  Chief People Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Blair Baxter

  	
   

  	
  2008-03-31

  
	
  Blair Baxter

  	
   

  	
  Date

  

 

601 Codisco Way · Sanford, FL 32771 · 407-936-0824 · 407-936-0842 FAX ·
http://www.jumptv.com/Exhibit 10.4

 

September 9,
2008

 

Mr. Blair
Baxter

5
Wilmar Rd.

Toronto,
ON M9B 3R6

 

Re:          End of employment with JumpTV Inc.

 

Dear
Mr. Baxter:

 

This
letter is written to confirm the agreement that we have reached with JumpTV
Inc.  (the “Company”) regarding the end
of your employment with the Company.

 

We
have mutually agreed that the Company will terminate your employment effective March 31,
2009 (“Termination Date”).  You will be
paid for days worked, and vacation accrued and untaken, up to and including the
Termination Date under the terms of your existing Employment Agreement.

 

Under
the provisions of your Employment Agreement and in view of the change of
control of JumpTV, we have agreed that the Company will provide you certain
final payments and benefits as provided for in your Employment Agreement and in
respect of the end of your employment as follows:

 

(a)          The Company will pay you, or your estate, twelve (12) months of your
salary provided in your Employment Agreement in satisfaction of your statutory and
common law entitlements.  The twelve (12)
months’ salary, or C$245,000, less applicable statutory deductions, will be
paid by Company cheque or wire transfer on the Termination Date;

 

(b)         The 200,000 stock options (“Options”) that the Company has granted to
you will be accelerated such that they are all vested effective as of the
Termination Date.  The expiry date of the
Options is ninety (90) days following the Termination Date (the “Expiry Date”);

 

(c)          The 100,000 stock options (“Options”) that the Company has agreed to
grant to you pursuant to your Employment Agreement on March 31, 2009 will
be accelerated such that they are all vested effective as of the Termination
Date.  The expiry date of the Options is
ninety (90) days following the Termination Date (the “Expiry Date”).

 

The
foregoing represents the entire amounts that will be due to you and it is
agreed that these amounts are in lieu of any amounts that may be due to you
pursuant to your Employment Agreement or otherwise.

 

 

Notwithstanding
the foregoing, in the event that the Merger Agreement between JumpTV and
NeuLion dated June 26, 2008, is terminated prior to December 31,
2008, then this Agreement will also be terminated as of the same date.

 

Nothing
in this letter amends or cancels  the
obligations in your Employment Agreement related to non-disclosure,
non-solicitation, non-competition, or intellectual property.

 

Blair,
we appreciate the value that you have brought to JumpTV, and we wish you the
best in your personal and business future.

 

Yours
truly,

 

	
  /s/ G.
  Scott Paterson

  	
   

  
	
  G.
  Scott Paterson

  	
   

  
	
  Executive
  Chairman

  	
   

  
	
  JumpTV
  Inc.

  	
   

  

 

 

AGREED
on the date first above written.

 

 

	
  /s/
  Blair Baxter

  	
   

  
	
  Blair
  Baxter

  	
   

  
	
   

  	
   

  
	
  cc:
  Art McCarthyExhibit 10.5

 

AGREEMENT FOR SERVICES

 

This
is an Agreement between Blair Baxter (“Contractor”) of 5 Wilmar Road, Toronto,
Ontario, GST Registration #88820 2306 RT0001 and JumpTV Inc. (“Company”) of Suite 300
— 463 King Street West, Toronto, Ontario.

 

1.       PURPOSE OF AGREEMENT

 

The
purpose of this agreement is to establish mutually satisfactory terms and
conditions for the services performed by the Contractor for the Company. These
terms govern the general conduct of contracting, including disclosure of information
and intellectual property rights. Where a conflict may occur, this agreement
supersedes the terms of any other documents issued for such services.

 

2.       SERVICES

 

Contractor
shall perform the services in support of the JumpTV Finance function, including
the project responsibilities assigned at the direction of the CFO.

 

3.       TERMS OF AGREEMENT

 

3.1                 Commencement Date: This Agreement commences
on April 1st, 2009.

 

3.2                 Expiry Date: This contract will expire
midnight September 30, 2009.

 

3.3                 Early Termination: After June 1st, 2009,
the Company or Contractor may terminate this Agreement upon 30 calendar days
notice in writing

 

3.4                 Effect of Expiry: In the event of expiry of
the Agreement under Section 3.2 or Section 3.3, paragraphs 6, 7, 8
and 9 of this Agreement shall remain in effect unless modification of same is
agreed to in writing by the Company.

 

4.       COMPENSATION

 

Contractor’s
compensation for Services is $22,000.00 ($CAD) per month. Out of pocket travel
expenses will be reimbursed, subject to prior approval and accompanying
receipts. Invoices are to be rendered monthly and paid Net 15 days. The Company
will provide a laptop computer during the term on this Agreement.

 

5.       CONTRACTOR IS AN INDEPENDENT CONTRACTOR

 

Contractor
is an independent contractor and is not an agent or employee of the Company.
The Contractor will be responsible for meeting all legal requirements
applicable to independent contractors and maintaining its own business
operation. The Contractor will not be covered by any benefits or compensation
plans provided for Company employees

 

6.       CONFIDENTIALITY

 

The
Contractor shall maintain in confidence and shall not disclose any information
obtained from Company or developed in the course of Contractor’s services under
this Agreement, information which is of a confidential nature and was not
previously know to Contractor or publicly available prior to disclosure of such
information to Contractor by Company or prior to development of such information
under this Agreement.

 

7.       INDEMNIFICATION

 

Contractor
shall indemnify the Company against all loss, damage, costs, claims, demands
and expenses (including solicitor’s fees) which the Company may incur or become
liable for in the event 

 

 

of
an infringement action by any third party against the Company arising out of
Contractor’s use of any patents, copyrights, trademarks, other intellectual
property rights, trade secrets, or other confidential information.

 

8.       MISCELLANEOUS

 

11.1           This Agreement may not be assigned, nor may Contractor subcontract
performance of the Services.

 

11.2           This Agreement sets forth the entire understanding of the parties.  All prior and contemporaneous discussions and
agreements are merged into this agreement.

 

Dated at Toronto, Ontario, the 23 day of February,
2009

 

 

	
  /s/
  Arthur McCarthy   

  	
   

  	
  /s/
  Blair Baxter  

  
	
  Arthur
  McCarthy

  	
   

  	
  Blair
  Baxter, CA.

  
	
  CFO

  	
   

  	
  GST
  #88820 2306 RT0001

  
	
  JumpTV
  Inc.Exhibit 10.6

 

Execution Copy

 

October 12, 2007

 

HAND
DELIVERED

 

PERSONAL
AND CONFIDENTIAL

 

Mr. Jordan
Banks

 

144
Strathallan Blvd.

Toronto,
ON M5N IS7

 

Dear Mr. Banks:

 

Re:          Employment Agreement

 

JumpTV Inc. (“JumpTV”) is
pleased to offer you employment on the terms and conditions described in this
letter.

 

Please carefully read and
consider the terms and conditions. Please confirm your understanding of and
agreement to them by countersigning this letter in the space provided below and
returning the countersigned copy to me. A second copy of this letter is
enclosed for your records.  Subject to
the approval of the Board of Directors of JumpTV, when you countersign this
letter, it will be a binding employment agreement between you and JumpTV.

 

1.            Term of Employment

 

The term of employment will
be effective on the date this agreement is approved by the board of directors
of JumpTV (the “Effective Date”), with your first day of attendance at JumpTV’s
offices being November 12, 2007 (the “Commencement Date”) and will
continue until:

 

i.                                          your resignation; or

 

ii.                                       you termination; or

 

iii.                                    your death; or

 

iv.                                   for medical reasons you are unable to fufill
the functions of your position;

 

(the
“Term”).

 

The parties agree that they
will negotiate in good faith during the last ninety (90) days of the third year
of Term in order to negotiate Salary and Bonus for the fourth year of the Term
but, if negotiations are not successful, you will receive a minimum Salary and
Bonus for year four (4) as set out in paragraph 4 of this Agreement.

 

 

You agree, during the Term
of your employment, to devote your entire working time, services, skill and
ability to such employment and to serve as all times with loyalty and honesty
in the best interests of JumpTV.

 

2.             Duties and Responsibilities

 

You will be employed by
JumpTV as its sole Chief Executive Officer and will perform such duties and
exercise such powers related to this position as are normally associated with
the additional powers as the Board or the Compensation Committee may determine.
You shall report to the Board of Directors of JumpTV. You will not be required
to relocate out of the Greater Toronto Area.

 

In the event the head office
of JumpTV is relocated outside the Greater Toronto Area, or your title becomes
other than Chief Executive Officer, or you are not themost senior executive
reporting to the Board of Directors, it shall be deemed to be a termination
without cause.

 

3.            Compensation and Bonus

 

JumpTV will pay you during
the Term of this Agreement a gross annual salary (“Salary”) of:

 

·                  CDN$375,000
in the first year of the Term (Effective Date to November 12, 2008);

 

·                  CDN$400,000
in the second year of the Term (November 12, 2008-November 12, 2009);

 

·                  CDN$425,000
in the third year of Term (November 12, 2009- November 12, 2010) ;

 

·                  the
parties will negotiate in good faith with respect to salary in the fourth year
of the Term but, in any event, the minimum will be CDN$500,000 in the fourth
year of the Term (November 12, 2010-November 12, 2011)

 

The Salary is payable in equal
bi-weekly installments in arrears by direct deposit.

 

You will be entitled to receive a one-time cash
bonus of CDN$200,000, which will be payable immediately, if for a continuous
period of six (6) months the closing price of JumpTV’s common shares on the
Toronto Stock Exchange (“TXT”) is over $6 per share. The commencement of the
six (6) month period must be within the first three years be within the
first three years of the Commencement Date but the end of the six (6) month
period may occur while you are employed by JumpTV or your employment has ended
pursuant to paragraph 1, in either case, the cash bonus of CDN$200,000 will be
payable.

 

4.            Annual Bonus

 

You shall be entitled to
receive at the discretion of the Board acting reasonably and in good faith an
annual bonus in CDN$ of up to:

 

·                  60%
of your Salary in the first year of the Term;

 

·                  75%
of your Salary in the second year of the Term;

 

 

·                  90%
of your Salary in the third year of the Term; and

 

·                  as
set out in paragraph 1, the parties will negotiate in good faith with respect
to Bonus in the fourth year of the Term but, in any event, the minimum will be
100% of your Salary;

 

(Collectively
the “Bonus”)

 

The Bonus, if any, shall be
based on mutually agreed upon objectives by 
yourself and the Compensation Committee and as approved by the Board of
Directors and the Bonus, if any shall be paid within 30 days of the end of the
first, second, and third year, respectively, from the Commencement Date.

 

5.            Benefits

 

You shall be eligible for
any group medical, dental and insurance programs including short and long term
disability applicable to the senior executives of JumpTV as per the terms and
conditions of such programs. JumpTV shall pay all premium costs and
contributions associated with the group benefits program under which you are
covered. You acknowledge receiving a written summary of the terms of such
benefit plans.

 

You agree to JumpTV
including you in its key man life insurance policy currently in effect on the
life of the G. Scott Paterson, the Executive Chairman, provided that $2million
dollars of any benefit is to be paid to your designated beneficiary.

 

Subjected to approval of the
Board, JumpTV will pay you an aggregate monthly transportation allowance of
notmore than $1,500, which shall solely cover any and all expenses related to
your transportation to and from work including but not limited to car payments,
taxi fares, gas, parking, car insurance payments, car maintenance and upkeep
and other transportation-related expenses.

 

JumpTV shall provide you
with all telecommunications equipment such as cellular telephones,
Blackberries, laptop computers and/or other devices reasonably necessary for
the performance of your duties.

 

6.            Incentive
Compensation

 

You will be eligible to
participate in any JumpTV stock option plan and/or Stock Appreciation Rights
plan (“SARs”) in accordance with such plan terms as amended from time to time.
JumpTV confirms that, subject to continuing employment with JumpTV and to all
required regulatory and shareholder approvals, you will be granted a total of 1,825,000
SARs in accordance with the SARs plan (the “Plan”) of JumpTV which will be
granted as follows:

 

A    1,325,000
of the SARs to be granted on the Effective Date with an exercise price of US$3.00;

 

B    350,000
of the SARs to be granted on the later of the (i) first anniversary of the
Commencement Date; (ii) if the date in (i) falls within a blackout
period (as such term is defined in JumpTV’s insider trading policy), the date
that is two business days after the end of such black out period ; and (iii) if
there is any material undisclosed information (within the meaning of such term
under applicable TSX

 

 

policies
or securities laws) on the dates in (i) and (ii) above, the date that
is two business days after such material undisclosed information has been
publicly disclosed. The exercise price of such SARs shall be at the then
prevailing market price (within the meaning of such term in the Plan) at the
time of grant in accordance with the Plan.

 

C    150,000
of the SARs to be granted on the later of the (i) second anniversary of
the Commencement Date; (ii_ if the date in (i) falls within blackout
period (as such term is defined in JumpTV’s insider trading policy), the date
that is two business days after the end of such blackout period; and (iii) if
there is any material undisclosed information (within the meaning of such term
under applicable TSX policies or securities laws) on the dates in (i) and (ii) above,
the date that is two business days after such material undisclosed information
has been publicly disclosed. The exercise price of such SARs shall be at the
then prevailing market price (within the meaning of such term in the Plan) at
the time of grant in accordance with the Plan.

 

The SARs granted pursuant
hereto will be deemed to begin vesting on the Effective Date and will vest
monthly as to 1/48 of such SARs for a period of 48 months, and will be
exercisable for a period of 60 months from the respective dates of grant.
Consequently, on the date of the grant of 350,000 pursuant to B above, 13/48 of
such SARs shall be vested upon grant thereof, and on the date of grant of the
150,000 SARs pursuant to C above, 25/48 of such SARs shall be vested upon grant
thereof.

 

In the event you are
terminated without cause or a Change of Control occurs prior to either of the
dates the SARs set out in either B and C above are to be granted, any SARs that
would otherwise have been granted within the Acclerated Vesting (as defined
below) period but for such termination without cause or Change of Control,
shall be granted as of the date of such termination without cause or Change of
Control and Accelerated Vesting shall apply to any such SARs granted as of such
date.  Any SARs that would have been
granted but for such termination without cause or Change of Control that fall
outside the Accelerated Vesting period will not be granted on the dates of such
termination without cause or Change of Control shall be the five day volume
weighted average trading price of the common shares of JumpTV on the Toronto
Stock Exchange as of the date of such termination without cause or Change of
Control, or otherwise in accordance with the Plan.

 

7.            Vacation

 

During the term of this
Agreement you will be entitled to five (5) weeks annual paid vacation for
each year of the Term, to be earned from November 12 until November 11
of the following year, to be taken at such times as may be mutually agreed
between you and JumpTV, acting reasonably. 
In addition, you will be entitled to two (2) weeks of vacation
during the 2007 Christmas holidays which will not be counted against your five (5) weeks
of annual paid vacation for 2007 only. 
Unused vacation may be carried over for up to eighteen (18) months after
the completion of each fiscal year, and all vacation due and owing, including
vacation time carried over, shall be paid out as salary and bonus on
termination of employment for any reason.

 

8.            Expenses

 

You will be reimbursed for
all authorized travelling and other out-of-pocket expenses (except those in
respect of which the Transportation Allowance is payable) actually and properly

 

 

incurred
by you in connection with your duties under this Agreement in accordance with
JumpTV’s expense policy in effect from time to time.  You will be reimbursed for all reasonable
professional dues (including YPO dues and YPO Universities), and JumpTV agrees
to contribute up to $20,000 per year to certain registered charities identified
by you.  For all such expenses, you will
furnish to JumpTV, receipts, statements and vouchers, as and when JumpTV
requires.

 

9.            Non-Disclosure

 

You covenant to and agree
with JumpTV that, from and after the date hereof, you shall, unless you shall
first have secured JumpTV’s written consent, keep confidential and shall not
divulge, communicate, disclose, copy, destroy or use at any time, any secret or
confidential information or technology (including without limitation matters of
a technical nature, such as know-how, prototypes, models, parts, machines,
inventions, discoveries, improvements, secret data, and research projects, computer
programs and software, information about costs, profits, markets, sales lists
of customers, and other information of similar nature to the extent not
available to the public) of JumpTV or other third parties of which you have
become informed of during, or as a result of, your involvement with JumpTV,
whether or not developed by you or as a result of your involvement with JumpTV,
except (i) as required in his duties to JumpTV; (ii) if such
information or technology is otherwise available to the public; or (iii) if
and to the extent that you are required by law to disclose such information or
technology, provided that in such circumstances you shall have given prior
written n notice to JumpTV of your obligation and JumpTV has not, prior to you
being so required by law to make such disclosure, obtained judicial relief from
such legal requirement to disclose.  You
covenant to and agree with JumpTV that upon resignation or termination of your
employment for any reason, you will deliver to JumpTV forthwith all such
confidential information in any format or medium that is in your
possession.  Furthermore, you warrant
that you are under no duty of confidentiality to any third party that would
preclude full performance of the duties contemplated in this Agreement.  You will not disclose to JumpTV or induce
JumpTV to use any inventions or confidential information belonging to others.

 

10.          Non-Solicitation

 

You covenant to and agree
with JumpTV that, in the event your employment is terminated, whether or not
for cause, for a period of one year from the effective date of such
termination, you will not, without obtaining the express prior written consent
of JumpTV:

 

(a)          directly
or indirectly either as an employee, employer, operator, agent, independent
contractor, owner, consultant, partner, investor or in any capacity whatever,
solicit a person from his/her employment with JumpTV, unless such person had a
pre-existing relationship with you, either professionally or personally,
excepting those persons that are introduced to JumpTV through a recruiter.

 

(b)         directly
or indirectly deliberately take any action which may reasonably result in the
relations between any member of JumpTV and the suppliers, customers, partner or
employees to or of the Business being impaired or which may otherwise be
detrimental to the Business in a material manner.

 

11.          Non-Competition

 

(a)          “Business”  means the business and undertaking carried on
by JumpTV from time to time during the term of your employment with JumpTV up
until the date of 

 

 

termination
of your employment hereunder including, without limitation, the business of
rebroadcasting ethnic television channels and the streaming of international
television and sports over the internet to any internet enabled device;

 

(b)         “Person”
means any individual, corporation, partnership, trustee or trust or
unincorporated association; and

 

(c)          “Territory”
means the World.

 

You
covenant to and agree with JumpTV that, in the event your employment is
terminated, whether or not for cause, for period of one year from the effective
date of such termination, you will not, without obtaining the express prior
written consent of JumpTV, carry on or be engaged in or have any financial or
other interest in any Person, or be otherwise commercially involved in or with
any endeavour, activity, Person or business in any part of the Territory or the
countries in which JumpTV or its affiliates operate or North America or Canada
which is the same as or in competition with the Business, save and except for
an interest of less than 5% in a publicly traded company.

 

12.          Termination of this
Agreement

 

Your employment hereunder
may be terminated by either you or JumpTV as the case may be (in either case
sections 10 and 11 hereof apply), in any of the following circumstances:

 

(a)          at
any time by JumpTV forthwith, without notice and without pay in lieu of notice,
for cause (“cause” being defined as just cause at common law);

 

(b)         automatically
upon death;

 

(c)          by
JumpTV, without cause, (which shall include a Change of Control, as hereinafter
defined), by providing to you the Severance Payment (as hereinafter defined),
the Severance Payment (as hereinafter defined), the Severance Benefits (as that
term is hereinafter defined) and Accelerated Vesting (as hereinafter defined)
of incentive compensation;

 

(d)         by you
upon no less than (60) days notice (the “Notice period”), provided that your
employment shall terminate on the date the Notice period expires.  In such circumstances, JumpTV may request
that you cease duties prior to the expiry of the Notice period.  JumpTV shall, in such event, pay to you an
amount equal to the difference between the amount which you would have received
had your employment been continued throughout the Notice Period and the amount
actually paid by JumpTV to you during the Notice period;

 

(e)          “Severance
Payment” means

 

Salary
and payment of your pro rata Bonus to the date of your termination, in addition
to one year’s Salary (based on Salary paid during the previous 12 month period
prior to the date of your termination) and bonus (based on the previous year’s
Bonus); however, if a Severance Payment is due:

 

·                  within six (6) months of the
Commencement Date you will be entitled to receive a Bonus equal to 30% of your
first year Salary;

 

 

·                  within nine (9) months of the
Commencement Date, you will be entitled to receive a Bonus equal 45% of your
first year Salary; and

 

·                  within twelve (12) months of the Commencement
Date, you will be entitled to receive a Bonus equal to 60% of your first year
Salary.

 

If
a Severance Payment is due during the first year of the term as a result of a
Change of Control then the Bonus due shall be 60% of your first year Salary
regardless of when such Change of Control occurs during the first year of the
term.

 

Any
payment due under this subsection shall be payable in cash on, or as soon as
reasonably practicable after, the date of termination without cause.  You shall have no duty to mitigate and may
take up employment elsewhere (but not in contravention of section 10 and 11
hereof) without deduction from any amounts owing hereunder.

 

(f)            “Severance
Benefits” means the provision of employment benefits described in Section 4
hereof for a period equal to twelve (12) months.

 

(g)         “Accelerated
Vesting” shall mean:

 

(i)            in the case of a Change of Control
and regardless of your current capacity, the automatic vesting of any unvested
options/SARs or other incentive compensation which are subject to vesting
within a period of twelve (12) months from the date of the Change of Control,
unless such Change of Control occurs in the first year of the Term in which
case the automatic vesting period shall be for a period of fifteen (15) months
from the date of the Change of Control. 
You shall be entitled to exercise all such unexercised SARs or other
incentive compensation at any time before the expiry date for the exercise of
the SARs or other incentive compensation (other than Bonus) as defined in the
plans; and

 

(ii)           in the case of a termination by
JumpTV on a without cause basis and regardless of your current capacity, the
automatic vesting of any unvested options/SARs or other incentive compensation
which are subject to vesting within a period of twelve (12) months from the
date of termination without cause, unless such termination without cause occurs
in the first year of the Term, in which case the automatic vesting period shall
be for a period of fifteen (15) months from the date of termination without
cause.  You shall be entitled to exercise
all such unexercised options/SARs or other incentive compensation at any time
before the expiry date for the exercise of the options/SARs or other incentive
compensation (other than Bonus) as defined in the plans.

 

(h)   In the event the continuance of Severance
Benefits is not permitted under the applicable group insurance or benefit plan,
JumpTV shall pay, no later than fifteen (15) days after the effective date of
termination of your employment, an amount equal to the value of such benefits
as determined by JumpTV’s auditors using such methods and assumptions as JumpTV’s
auditors consider appropriate in the circumstances.

 

(i)    Any payment made to you under this section
shall be deemed to include all required termination and/or severance payments
pursuant to the provisions of the Employment Standards Act,
2000  (Ontario).

 

 

13.          Intellectual Property

 

You agree that any and all
ideas, discoveries, inventions and improvements thereon (“Inventions”) which
you may conceive or make during the period of your employment, either alone or
jointly with others, whether or not reduced to practice, relating or in any way
appertaining to or connected with the Business shall be the sole and exclusive
property of JumpTV.  You will, whenever
so requested by JumpTV, execute any and all application, assignments, and other
instruments which JumpTV shall deem necessary in order to apply for and obtain
letters patent of Canada or foreign countries for said Inventions or for any
other reason.

 

You acknowledge and agree
that all copyright and other rights in any designs, plans, specifications,
documents or other work (“Work”) you create during the period of your
employment with JumpTV, whether or not such Work is created in the course of
your employment relating to the Business shall be the sole and exclusive property
of JumpTV.  You hereby assign all such
rights to JumpTV.  You will, whenever so
requested by JumpTV, execute any and all applications, assignments, and other
instruments which JumpTV shall deem necessary in order to apply for and obtain
registration of copyright in any Work in Canada or foreign countries.

 

You
waive all moral rights or author’s rights in any Work you may create.

 

At
the commencement of your employment, and at all times during the term of this
Agreement, you will promptly disclose to JumpTV all Inventions and Works you
have conceived or created, whether in the course of your employment or
otherwise, relating to the current business of JumpTV.  If the nature of JumpTV’s business changes,
you will promptly disclose all Inventions and Works relating to any new
research and development, products or business plans of JumpTV.

 

14.          Change of Control

 

“Change of Control” means a
transaction or series of transactions whereby directly or indirectly:

 

(a)          Any
person or combination of persons obtains a sufficient number of securities of
JumpTV to affect materially the control of JumpTV; for the purposes of this
Agreement, a person or combination of persons holding shares or other
securities in excess of the number which, directly or following conversion
thereof, would entitle the holders thereof to cast 50% or more of the votes
attaching to all shares of JumpTV which may be cast to elect directors of
JumpTV, shall be deemed to be in a position to affect materially the control of
JumpTV; or

 

(b)         JumpTV
shall consolidate or merge with or into, amalgamate with, or enter into a
statutory arrangement with, any other person (other than a subsidiary of
JumpTV) or any other person (other than a subsidiary of JumpTV) shall
consolidate or merge with or into, or amalgamate with or enter into a statutory
arrangement with, JumpTV, and, in connection therewith, all or part of the
outstanding voting shares shall be changed in any way, reclassified or
converted into, exchanged or otherwise acquired for shares or other securities
of JumpTV or any other person or for cash or any other property;

 

 

(c)          JumpTV
shall sell or otherwise transfer, including by way of the grant of a leasehold
interest (or one or more of its subsidiaries shall sell or otherwise transfer,
including by way of the grant of a leasehold interest), property or assets (A) aggregating
more than 50% of the consolidated assets (measured by either book value or fair
market value, whichever is the lower) of JumpTV and its subsidiaries as at the
end of the most recently completed financial year of JumpTV or (B) which
during the most recently completed financial year of JumpTV generated, or
during the then current financial year of JumpTV are expected to generate, more
than 50% of the consolidated operating income or cash flow of JumpTV and its
subsidiaries, to any other person or persons (other than JumpTV or one of its
subsidiaries); or

 

(d)         There
occurs a change in the composition of the Board, at a single meeting, or a
succession of meetings of the shareholders of JumpTV, occurring within 6 months
of each other, whereby the individuals who were members of the Board
immediately prior to the first of such meetings cease to constitute a majority
of the Board without the Board, as constituted immediately prior to such
meeting, approving of such change.

 

Notwithstanding
anything to the contrary contained in this Agreement, if a Change in Control
occurs, you shall be entitled to elect to terminate your employment with JumpTV
and to receive payments and benefits in accordance with this Agreement, as if
you had been terminated without cause. 
This section shall not apply if the Change in Control involves a sale of
securities or assets of JumpTV with which you are involved as a purchaser in
any manner, whether directly or indirectly (by way of participation in a
corporation or partnership that is a purchaser or by provision of debt, equity
or purchase-leaseback financing).

 

All of your termination
rights provided for in this section are conditional upon you electing to exercise
such rights by notice given to JumpTV within 120 days of the Change of Control.

 

15.          Death

 

In the event of death prior
to the satisfaction of all of JumpTV’s obligations under the terms of this
Agreement, any remaining amounts payable to you by JumpTV shall be paid to the
person or persons previously designated by you to JumpTV for such purposes (the
“Designate”).  The Designate shall be
made in writing, signed by you and dated and filed with the Secretary of
JumpTV.  In the event that no designation
is made, all such remaining amounts shall be paid by JumpTV to your estate.

 

Effective the date of death,
the Designate or your estate as the case may be, shall also be entitled to
automatic vesting of any unvested options/SARs or other incentive compensation.  The Designate or your estate, as the case may
be, shall be entitled to exercise all such unexercised options/SARs or other
incentive compensation at any time before the expiry date of the exercise of
the options/SARs or other incentive compensation (other than Bonus) as defined
in the plans.

 

16.          Miscellaneous

 

This Agreement shall be the
whole and complete agreement between you and JumpTV with respect to your
employment; it replaces and supersedes any and all previous verbal or written
agreements that may have been entered into, and any not be amended or modified
except by written amendment signed by both Parties.

 

 

In the event that any part
of this Agreement shall be determined at any time to be invalid, such
provisions shall be deemed severable and deleted herefrom and the remainder of
this Agreement shall constitute the whole agreement of the Parties hereto and
shall, except as hereinbefore provided, continue in full force and effect.

 

You hereby confirm that you
are not a party to any agreement or under any other obligation to anyone,
including any former employer nor do you have any other interest which is
inconsistent with or in conflict with or which would prevent, limit or impair
your performance of any obligations hereunder which you have not disclosed in
writing to JumpTV.  You acknowledge that
JumpTV is not requesting you to disclose any confidential information which you
may have obtained from a former employer.

 

You acknowledge that you had
independent legal and tax advice regarding the execution of this Agreement and
that he understands the contents of this agreement and that he is executing the
same voluntarily and without pressure from JumpTV or anyone on its behalf.

 

This Agreement shall ensure
to the benefit of and be binding upon the Parties hereto, their respective
successors, heirs, representatives, administrators and the assigns of
JumpTV.  You shall not assign or transfer
this Agreement or any of his rights or obligations hereunder.

 

This Agreement shall be
governed by and construed according to the laws of the Province of Ontario and
the federal laws of Canada applicable therein, and both Parties hereby agree
that the Courts of the Province of Ontario have exclusive jurisdiction in any
dispute, action, cause of action or otherwise that may arise from this
Agreement.

 

Any notice or other
communication or writing required or permitted to be given under this Agreement
or for the purposes of this Agreement shall be in writing and shall be
sufficiently given if delivered personally, or if transmitted by facsimile
transmission (with original to follow by mail) or other form of recorded
communication, tested prior to transmission, to:

 

	
  (a)

  	
  if
  to JumpTV:

  
	
   

  	
   

  
	
   

  	
  JumpTV
  Inc.

  
	
   

  	
  463
  King Street West, 3rd Floor

  
	
   

  	
  Toronto,
  Ontario M5V 1K4

  
	
   

  	
   

  
	
   

  	
  Telephone:

  	
  647-426
  1300

  
	
   

  	
  Facsimile:

  	
  416-849-3700

  
	
   

  	
   

  
	
   

  	
  Attention:

  	
  Mark
  Amin

  
	
   

  	
   

  	
  Chairman
  – Compensation Committee, Board of Directors

  
	
   

  	
   

  
	
  (b)

  	
  if
  to the Executive:

  
	
   

  	
   

  
	
   

  	
  Jordan
  Banks

  
	
   

  	
  144
  Strathallan Blvd.

  
	
   

  	
  Toronto,
  ON M5N 1S7

  
	
   

  	
   

  
	
   

  	
  Telephone:

  	
  416-932-9996

  

 

 

or
to such other address as the party to whom such notice is to be given shall
have last notified the party giving the same in the manner provided in this
Section.  Any notice so delivered shall
be deemed to have been given and received on the day it is so delivered at such
address, provided that such day is not a business day then the notice shall be
deemed to have been given and received on the business day next following the
day it is so delivered.  Any notice so transmitted
by facsimile transmission or other form of recorded communication shall be
deemed to have been given and received on the day of its confirmed transmission
(as confirmed by the transmitting medium), provided that is such day is not a
business day then the notice shall be deemed to have been given and received on
the business day next following such day.

 

No
amendment or waiver of any provision of this Agreement shall be binding on any
party unless consented to in writing by such party and approved by the Board in
the case of JumpTV.  No waiver of any
provision of this Agreement shall constitute a waiver of any other provision
nor shall any waiver constitute a continuing waiver unless otherwise provided.

 

17.          Copy of Agreement

 

You hereby acknowledge
receipt of a copy of this Agreement duly signed by JumpTV.

 

[The remainder of this page has deliberately been left blank]

 

 

If you agree with the above,
please sign both copies of this letter in the presence of a witness and return
one copy to Mark Amin.  Please retain the
second copy for your records.

 

	
   

  	
  Yours
  very truly,

  
	
   

  	
   

  
	
   

  	
  JumpTV
  Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Per:

  	
  /s/ Mark
  Amin

  
	
   

  	
   

  	
  Mark
  Amin

  
	
   

  	
   

  	
  Chairman,
  Compensation Committee

  

 

Enclosure

 

I have read, understand and
having had the opportunity to obtain legal advice hereby voluntarily accept the
terms of employment described above as constituting a binding employment
agreement between me and JumpTV.

 

	
  Date:

  	
   Oct 12, 2007

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Illegible

  	
   

  	
  /s/ Jordan
  Banks

  
	
  Witness

  	
   

  	
  Jordan
  Banks

  

 

 

The undersigned hereby
confirms the Board of Directors of JumpTV has approved this agreement as of the
12th day of
October, 2007, being the Effective Date.

 

 

	
   

  	
  On
  behalf of the Board of Directors of JumpTV Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Per:

  	
  /s/ G.
  Scott Paterson

  
	
   

  	
   

  	
  G.
  Scott Paterson

  
	
   

  	
   

  	
  Chairman
  of the Board

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