Document:

EX-10.14

 Exhibit 10.14 

 
 

 
 January 19, 2021 

Selwyn Ho 
 Via electronic delivery 

 

	Re:	 Employment Terms 

Dear Selwyn: 
 Connect Biopharm LLC (the
“Company”), a wholly-owned subsidiary of Connect Biopharma Holdings Limited (“Parent”), is pleased to offer you the position of Senior Vice President of Corporate Development and Chief Business
Officer, on the following terms. The Company will work with you to file an application for an O-1 visa promptly after you sign this letter and assist you in obtaining the visa at the Company’s expense to
allow you to relocate to and work in the Unites States. Prior to obtaining your O-1 visa, you will be employed full time under a UK employment contract (through Globalization Partners Limited) with
substantially the same financial terms (to the extent permitted by UK labor laws) for up to twelve (12) months from the date you sign this offer letter. Your role and duties commence on the effective day of the UK employment contract and will
continue as you transition to your US based position. 
 In this position you will be responsible for the strategy, direction, and execution of the
company’s corporate development plans for the Company, Parent and their subsidiaries and affiliates (collectively, the “Company Group”), including Business Development and Alliance Management Activities. Your
responsibility will also include providing leadership in early commercialization, including strategic marketing and market access analysis of the Company’s pipeline products. At this position you will report to the CEO. Following your
relocation to the US, you will be based out of our San Diego, California office. Of course, the Company may change your position, duties, and work location from time to time in its discretion. 

Your base salary will be $350,000 on an annualized basis, less payroll deductions and withholdings, paid on the Company’s normal payroll schedule at the
rate of $29,166.67 monthly while you are a UK-based employee and $14,583.00 semi-monthly while you are a US-based employee. 

After receipt of an O-1 visa allowing you to relocate to and work in the US, you will be required to relocate to San
Diego prior to the first anniversary of your accepting this offer. For relocation of you and your family, you will receive a moving and relocation lump-sum payment of $100,000 gross, less payroll deductions
and withholdings, on the Company’s normal payroll schedule after your relocation, and the Company will also reimburse you for up to six (6) months of temporary housing in San Diego. If you are unable to relocate to San Diego by the first
anniversary of the date you sign this letter, the Company may cause Globalization Partners Limited to terminate your UK employment contract on or at any time after the above date, without the liability to pay you any severance according to the
Addendum to Employment Offer Letter for Severance Benefits attached hereto or otherwise, except as may be expressly required according to UK law. After travel restrictions are lifted post pandemic and before your relocation to San Diego, you may be
required to be onsite in San Diego up to at least one week per month if requested by the Company. The Company will reimburse your travel expense during this transition period according to standard company policies and practices. 

 You will be eligible to receive a target discretionary annual bonus of up to 40% of your base salary, based
on the Company Group’s performance and your individual performance. Whether bonuses are awarded for any given year, the allocation of the bonuses and individual performance, and the amounts of such bonuses, if awarded, will be in the sole
discretion of the Company as determined by its Board of Directors (the “Company Board”). If the Company Board approves payment of bonuses for any given year, the bonus amounts generally will be determined and paid within the
first calendar quarter of the year based on the prior year’s performance. To incentivize you to remain employed with the Company, you must be employed on the date any bonus is paid in order to earn the bonus. If your employment terminates for
any reason prior to the payment of the bonus, then you will not have earned the bonus and will not receive any portion of it, except as set forth in the Addendum to Employment Offer Letter for Severance Benefits attached hereto. 

During your US based employment, you will be eligible to participate in the standard benefits plans offered to similarly situated employees by the Company
from time to time, subject to plan terms and generally applicable Company Group policies. For US based exempt employees do not accrue vacation, and there is no set guideline as to how much vacation each employee will be permitted to take.
Supervisors will approve paid vacation requests based on the employee’s progress on work goals or milestones, status of projects, fairness to the working team, and productivity and efficiency of the employee. Since vacation is not allotted or
accrued, “unused” vacation time will not be carried over from one year to the next nor paid out upon termination. A full description of these benefits is available for your review. The Company may change compensation and benefits from time
to time in its discretion. 
 You agree that since the Company has signed a Consulting Agreement with you and has already granted you an option to purchase
750,000 shares of Parent’s common stock (the “Option”), with a start vesting date of December 16, 2020, you will not receive a further option grant upon becoming an employee of the Company. You further agree that your Consulting
Agreement will be terminated as of your first day of employment with the Company (either directly or through Globalization Partners Limited); however, because you will remain in continuous service to the Company (either directly or through
Globalization Partners Limited), the Option will continue to vest according to its terms during your employment. 
 As an employee, you will be expected to
abide by Company Group rules and policies. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement which prohibits unauthorized use or disclosure of the Company
Group’s proprietary information, among other obligations. 
 In your work for the Company Group, you will be expected not to use or disclose any
confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with
training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company Group. You agree that you will not bring onto Company
Group premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that
may restrict your activities on behalf of the Company Group. 
 Normal business hours are from 9:00 a.m. to 5:00 p.m., Monday through Friday. As an exempt
salaried employee, you will be expected to work additional hours as required by the nature of your work assignments. 
 Once you relocate to the US, your
employment with the Company will be “at-will.” This means you will be able to terminate your employment with the Company at any time and for any reason whatsoever simply by notifying the Company.
Likewise, the Company will be able to terminate your employment at any time, with or without cause or advance notice. Your employment at-will status can only be modified in a written agreement signed by you
and by an officer of the Company. 

 Under certain circumstances, you may be entitled to receive severance benefits upon termination of your
employment, as described herein and as further described in the Addendum to Employment Offer Letter for Severance Benefits attached hereto. Please note that if you are entitled to any notice, severance, redundancy pay or payment in lieu of notice
under English employment law (or any other applicable labor laws) (each a “Mandatory Termination Payment”) at the time your employment terminates, the severance payments due to you pursuant to the Addendum to Employment Offer Letter for
Severance Benefits attached here to will be reduced by an amount equal to any such Mandatory Termination Payments that you receive. 
 This offer is
contingent upon a reference check and your continued employment following twelve (12) months is contingent on receipt of your O-1 visa and satisfactory proof of your right to work in the US. You agree to
assist as needed and to complete any documentation at the Company’s request to meet these conditions. 
 To ensure the rapid and economical resolution
of disputes that may arise in connection with your employment with the Company, you and the Company agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims, arising from or
relating to the enforcement, breach, performance, or interpretation of this Agreement, your employment with the Company, or the termination of your employment, shall be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. § 1-16, to the fullest extent permitted by law, by final, binding and confidential arbitration conducted by JAMS or its successor, under JAMS’ then applicable rules and procedures for employment disputes
(available upon request and also currently available at http://www.jamsadr.com/rules-employment-arbitration/). You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such
dispute through a trial by jury or judge or administrative proceeding. In addition, all claims, disputes, or causes of action under this section, whether by you or the Company, must be brought in an individual capacity, and shall not be brought
as a plaintiff (or claimant) or class member in any purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or
entity, and may not preside over any form of representative or class proceeding. To the extent that the preceding sentences regarding class claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s)
alleged or brought on behalf of a class shall proceed in a court of law rather than by arbitration. This paragraph shall not apply to any action or claim that cannot be subject to mandatory arbitration as a matter of law, including, without
limitation, claims brought pursuant to the California Private Attorneys General Act of 2004, as amended, the California Fair Employment and Housing Act, as amended, and the California Labor Code, as amended, to the extent such claims are not
permitted by applicable law(s) to be submitted to mandatory arbitration and the applicable law(s) are not preempted by the Federal Arbitration Act or otherwise invalid (collectively, the “Excluded Claims”). In the event you
intend to bring multiple claims, including one of the Excluded Claims listed above, the Excluded Claims may be filed with a court, while any other claims will remain subject to mandatory arbitration. You will have the right to be represented by
legal counsel at any arbitration proceeding. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a
written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on which the award is based.
The arbitrator shall be authorized to award all relief that you or the Company would be entitled to seek in a court of law. The Company shall pay all JAMS arbitration fees in excess of the administrative fees that you would be required to pay if the
dispute were decided in a court of law. Nothing in this letter agreement is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. 

 This letter, together with your Employee Confidential Information and Inventions Assignment Agreement, forms
the complete and exclusive statement of your employment agreement with the Company. It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes in your employment terms, other than those changes expressly
reserved to the Company’s discretion in this letter, require a written modification signed by an officer of the Company. If any provision of this offer letter agreement is determined to be invalid or unenforceable, in whole or in part, this
determination shall not affect any other provision of this offer letter agreement and the provision in question shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under
applicable law. This letter may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other
transmission method and shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 
 Please sign and date this
letter, and the enclosed Employee Confidential Information and Inventions Assignment Agreement and Addendum to Employment Offer Letter for Severance Benefits, and return them to me by Wednesday, January 20th 2021, if you wish to accept employment at
the Company under the terms described above. If you accept our offer, we would like, but do not mandate, that you transfer to this US Employment Offer from your UK Employment Contract, within 30 days after your visa is granted, allowing you to
relocate to and work in the United States, as described above, subject to existing Connect work that would take priority over relocation, travel restrictions related to the ongoing Covid-19 pandemic and a
reasonable period to find suitable relocation services that can assist in the transition to the USA, including find suitable temporary accommodation. 

 We look forward to your favorable reply and to a productive and enjoyable work relationship. 

Sincerely, 
  

					
	 /s/ Zheng Wei, CEO
	  	    	  	
	Zheng Wei, CEO	  	        	  	
			
	Understood and Accepted:	  		  	
			
	 /s/ Selwyn Ho
	  		  	 1/19/2021

	Selwyn Ho	  		  	Date
			
	 Selwyn Ho
	  		  	

  

			
	Attachments:	  	Employee Confidential Information and Inventions Assignment Agreement
		  	Addendum to Employment Offer Letter for Severance Benefits

 Addendum To Employment Offer Letter 

For Severance Benefits 

The provisions of this Addendum to Employment Offer Letter for Severance Benefits (the “Addendum”) are incorporated
into, and are made a part of, the employment offer letter (the “Offer Letter”) by and between you, Selwyn Ho, and Connect Biopharm LLC (“Company”) to which this Addendum is attached. Capitalized terms
used in this Addendum are either defined herein or in Appendix A. 
 1. Severance Benefits. Except as otherwise set forth in the Offer
Letter, if your employment including your employment under the UK Contract, is terminated by the Company without Cause, or as a result of a Change in Control of the parent company (Parent) or is terminated by you as a result of a Constructive
Termination and you sign a release of claims (substantially in the form attached hereto as Appendix B or such other form as the Company requires taking into account the applicable laws of the jurisdiction in which you work at the time of
termination), then you shall be entitled to the severance benefits set out below. Please note that if you are entitled to any notice, severance, redundancy pay or payment in lieu of notice under English employment law (or any other applicable labor
laws) (each a “Mandatory Termination Payment”) at the time your employment terminates, the severance payments due to you pursuant to this Addendum will be reduced by an amount equal to any such Mandatory Termination Payments that you
receive. 
 (a) Payment of a lump sum amount equivalent to (i) nine (9) months of your Base Salary plus (ii) your target bonus for
the applicable year prorated for the number of months served in that year up to the time of termination, as determined by the Board, in each case less applicable withholding. Such amount shall be payable in a lump sum no later than five
(5) days following expiration of any revocation period required in connection with the release of claims; provided, however, if this payment is subject to Section 409A and you are a “specified employee” (as defined in
Section 409A), this payment shall be made within five (5) days after the six (6) month anniversary of the Termination Date (or such sooner date that is permitted under Section 409A); and 

(b) Payment for your premiums for health (i.e., medical, vision and dental) continuation coverage under COBRA; provided, however, that
(i) you are eligible for COBRA on the Termination Date and (ii) you elect continuation coverage pursuant to COBRA, within the required time period. Company shall continue to provide you with health coverage pursuant to this paragraph until
the earliest of (A) the date you are no longer eligible to receive continuation coverage pursuant to COBRA, (B) nine (9) months from the Termination Date, or (C) the date on which you obtain comparable health coverage. You agree to
notify Company promptly after you obtain alternative health coverage. 
 2. Equity. If your employment, including your employment
under the UK Contract, is terminated by the Company without Cause as a result of a Corporate Transaction or Change in Control of the parent company (Parent) during the Relevant Period, and you sign a release of claims (substantially in the form
attached hereto as Appendix B), then each of your outstanding stock awards (including any stock options, restricted stock or other awards granted to you by the Parent) shall automatically become fully vested and exercisable and be released from any
repurchase or forfeiture rights (other than repurchase rights exercisable at Fair Market Value, as defined in and pursuant to the Stock Incentive Plan) for all of the shares you receive as a result of exercise. 

 3. Successors. 

(a) Company’s Successors. Any successor to Company (whether direct or indirect and whether by purchase, lease, merger,
consolidation, liquidation or otherwise) to all or substantially all of Company’s business and/or assets shall assume Company’s obligations under this Addendum and perform Company’s obligations under this Addendum in the same manner
and to the same extent as Company would be required to perform such obligations in the absence of a succession. For all purposes under this Addendum, the term “Company” shall include any successor to Company’s business and/or assets
which acknowledges it will be bound by the terms of this Addendum or which becomes bound by the terms of this Addendum by operation of law. 

(b) Your Successors. Without the written consent of Company, you shall not assign or transfer this Addendum or any right or obligation
under this Addendum to any other person or entity. Notwithstanding the foregoing, the terms of this Addendum and all your rights hereunder shall inure to the benefit of, and be enforceable by, your personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. 
 4. Code Section 409A. The parties agree to amend this
Addendum to the extent necessary to avoid imposition of any additional tax or income recognition prior to actual payment to you under Code Section 409A and any temporary or final Treasury Regulations and Internal Revenue Service guidance
thereunder. 
 5. Golden Parachute Taxes. 

(a) Best After-Tax Result. In the event that any payment or benefit received or to be received
by you pursuant to this Agreement or otherwise (“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this subsection (a), be subject to the excise
tax imposed by Section 4999 of the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of Section 5(b) hereof, such Payments shall be
either (A) provided in full pursuant to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise Tax
(“Reduced Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or penalties on
such taxes), results in the receipt by you, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments
may be subject to the Excise Tax. Unless the Company and you otherwise agree in writing, any determination required under this Section shall be made by independent tax counsel designated by the Company and reasonably acceptable to you
(“Independent Tax Counsel”), whose 

 
determination shall be conclusive and binding upon you and the Company for all purposes. For purposes of making the calculations required under this Section 5(a), Independent Tax Counsel may
make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code; provided that Independent Tax Counsel shall assume
that you pay all taxes at the highest marginal rate. The Company and you shall furnish to Independent Tax Counsel such information and documents as Independent Tax Counsel may reasonably request in order to make a determination under this Section.
The Company shall bear all costs that Independent Tax Counsel may reasonably incur in connection with any calculations contemplated by this Section. In the event that Section 5(a)(ii)(B) above applies, then based on the information provided to
you and the Company by Independent Tax Counsel, you may, in your sole discretion and within thirty (30) days of the date on which you are provided with the information prepared by Independent Tax Counsel, determine which and how much of the
Payments (including the accelerated vesting of equity compensation awards) to be otherwise received by you shall be eliminated or reduced (as long as after such determination the value (as calculated by Independent Tax Counsel in accordance with the
provisions of Sections 280G and 4999 of the Code) of the amounts payable or distributable to you equals the Reduced Amount). If the Internal Revenue Service (the “IRS”) and/or Her Majesty’s Revenue & Customs
(“HMRC”) determines that any Payment is subject to the Excise Tax, then Section 5(b) hereof shall apply, and the enforcement of Section 5(b) shall be the exclusive remedy to the Company. 

(b) Adjustments. If, notwithstanding any reduction described in Section (a) hereof (or in the absence of any such reduction), the
IRS and/or HMRC determines that you are liable for the Excise Tax as a result of the receipt of one or more Payments, then you shall be obligated to surrender or pay back to the Company, within one hundred twenty (120) days after a final IRS
and/or HMRC determination, an amount of such payments or benefits equal to the “Repayment Amount.” The Repayment Amount with respect to such Payments shall be the smallest such amount, if any, as shall be required to be surrendered or paid
to the Company so that your net proceeds with respect to such Payments (after taking into account the payment of the Excise Tax imposed on such Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount with respect to such
Payments shall be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by you from the Payments. If the Excise
Tax is not eliminated pursuant to this Section 5(b), you shall pay the Excise Tax. 
 6. Miscellaneous Provisions. 

(a) Integration. This Addendum represents the entire agreement and understanding between the parties as to the subject matter herein and
supersede all prior or contemporaneous agreements and provisions in other agreements related to severance benefits, whether written or oral. With respect to any conflict between this Addendum and the Offer Letter or any other employment related
agreement, this Addendum shall prevail. For the avoidance of doubt, this Addendum does not change your employment at-will status. 

 (b) Choice of Law. The validity, interpretation, construction and performance of this
Addendum shall be governed by the internal substantive laws, but not the conflicts of law rules, of the State of California. 
 (c)
Employment Taxes. All payments made pursuant to this Addendum shall be subject to withholding of applicable income and employment taxes. 

(d) Non-Publication. The parties mutually agree not to disclose the terms of this Addendum
except to the extent that disclosure is mandated by applicable law, standard or required corporate reporting, or disclosure is made to the parties’ respective advisors and agents (e.g., attorneys, accountants) or immediate family
members. 

 IN WITNESS WHEREOF, each of the parties has executed this Addendum, in the case of Company by its duly
authorized officer, as of the day and year first above written. 
  

					
	CONNECT BIOPHARM LLC:	  		  	EXECUTIVE:
			
	 /s/ Zheng Wei
	  		  	 /s/ Selwyn Ho

	(Signature)	  	    	  	(Signature)
	By: Zheng Wei	  		  	By: Selwyn Ho
	Title: CEO	  		  	Title: Managing Director, Artemis Catalyst Ltd.
	Date: 1/19/2021	  		  	Date: 1/19/2021
		  		  	

 APPENDIX A 

The following definitions shall be in effect under the severance benefits letter: 

(a) Base Salary. “Base Salary” means your annual base salary as in effect during the last regularly scheduled
payroll period immediately preceding the effective date of your termination without Cause or due to a Constructive Termination. 
 (b)
Board. “Board” means the Board of Directors of Company. 
 (c) Cause. “Cause”
shall have the meaning given to such term in the Stock Incentive Plan. 
 (d) Change in Control. “Change in
Control” shall have the meaning given to such term in the Stock Incentive Plan. 
 (e) COBRA.
“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. 
 (f) Code.
“Code” means the Internal Revenue Code of 1986, as amended. 
 (g) Constructive Termination.
“Constructive Termination” means your voluntary resignation following (A) a change in your position with the Company (or Parent or its subsidiary or affiliate employing you) which materially reduces your duties and
responsibilities or authority at the Company, or (B) a reduction in your level of compensation (including base salary, fringe benefits and target bonus under any corporate performance based bonus or incentive programs) except for across-the-board salary reductions similarly affecting all or substantially all similarly situated employees of Company due to the financial condition of the Company, provided
and only if such change or reduction is effected by the Company without your consent and provided further that you provide written notice to Company within thirty (30) days of the date of such change or reduction and Company fails to cure such
change or reduction within thirty (30) days thereafter, or (C) following your relocation to the United States as described in the Offer Letter, a change in your principal office to a location more than twenty-give (25) miles from the
Connect office location in San Diego, CA, provided such location also results in an increase your one-way commute by more than fifty (50) miles. 

(h) Corporate Transaction. “Corporate Transaction” shall have the meaning given to such term in the Stock
Incentive Plan. 
 (i) Parent. “Parent” shall mean Connect Biopharma Holdings Limited. 

(j) Relevant Period. “Relevant Period” shall mean the period beginning two (2) months prior to the
effective date of a Change in Control or Corporate Transaction and ending twelve (12) months after the effective date of a Change in Control or Corporate Transaction. 

 (k) Section 409A. “Section 409A” shall mean Section 409A
of the Code. 
 (l) Stock Incentive Plan. “Stock Incentive Plan” shall mean Parent’s 2019 Stock Incentive
Plan, as amended from time-to-time. 
 (m) Termination
Date. “Termination Date” shall mean the effective date of any notice of termination delivered by one party to the other hereunder.EX-10.15

 Exhibit 10.15 

 
 

 
 CONTRACT OF EMPLOYMENT 

This statement provides details of the terms and conditions of employment with Globalization Partners Limited (the “Company”) and Selwyn Ho
(“you” or “your”). 
 In this statement the terms “Group Companies” means the Company and any holding company or any parent
company or any subsidiary or subsidiary undertaking of the Company or such companies, as such terms are defined in s 1159, s 1162 (together with Schedule 7 and the definition of “parent company” in s 1173), s 1161 and Schedule 6 of the
Companies Act 2006, and “Group Company” means any of them. 
 In this statement the terms “the Client” means Connect Biopharm LLC. 

 

	1.	 COMMENCEMENT OF EMPLOYMENT 

 

	1.1	 Your employment with the Company commences on January 20, 2021 (the “Commencement
Date”) and shall continue, subject to the remaining terms of this Agreement, until terminated by either party giving the other notice in accordance with the terms of this Agreement. 

 

	1.2	 There is no previous employment which counts as continuous in determining your total service with the Company.

  

	1.3	 Your employment under this Agreement is conditional upon you having produced original documentary evidence of
your entitlement to live and work in the UK, and the Company having obtained and being satisfied with the results of such written and/or oral references and such other background screening as the Company shall determine. 

 

	1.4	 You warrant that you are entitled to work for the Company in the United Kingdom and will notify the Company
immediately if you cease to be so entitled at any time during your employment. 

  

	1.5	 You warrant that: 

  

	 	1.5.1	 you are not bound by the terms of any agreement with any previous employer or other party which restricts in
any way your employment with the Company or providing services to the Client; 

  

	 	1.5.2	 you will not disclose or make use of any information in violation of any agreements with or rights of any such
previous employer or other party; and 

  

	 	1.5.3	 you will not bring to the premises of the Company or the Client any copies or other tangible embodiments of non-public information belonging to or obtained from any previous employer or other party. 

  

 
 GLOBALIZATION PARTNERS LTD. 

NIT 2, MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 

GLOBALIZATION-PARTNERS.COM 

 

 
  

	1.6	 If you are in breach of any of the warranties or fail to satisfy any of the conditions set out in this clause
then the Company shall be entitled to terminate your employment summarily. 

  

	2.	 JOB TITLE AND PLACE OF WORK 

 

	2.1	 Your job title is Senior Vice President of Corporate Development and Chief Business Officer and your duties
will include all work reasonably incidental thereto. As well as normal duties falling within this title, you may, on occasion, be required to undertake other duties which are consistent with your capabilities. 

 

	2.2	 You have been hired specifically to manage a relationship with the Client and will take instructions and
feedback directly from the Client to fulfil your job duties, role and responsibilities. You will report directly to CEO at the Client, or to any successor of that position, and/or to any other position as may be designated by the Client.

  

	2.3	 During the employment you shall: 

 

	 	2.3.1	 devote the whole of your working time, attention and abilities to the business of the Company and/or the
Client. Outside of this working time, you will retain the right to continue your engagements as: 

  

	 	1)	 A Company Director of Artemis Catalyst Ltd (but will not take on any clients and will divest any existing
clients within 2 months of signing this agreement) 

  

	 	2)	 As an Executive in Residence with New Rhein Healthcare Investors, 

 

	 	3)	 As a Director for any company. 

Any additional Directorship or any engagement through your role with New Rhein Healthcare Investors, that is offered to you should be
discussed with the Company and/or the Client prior to accepting such engagements, to ensure the Company and/or the Client understands any potential benefits to the Company and/or the Client, or of potential conflicts of interest 

 

	 	2.3.2	 faithfully and diligently exercise such powers and perform such duties for the Company and/or the Client as may
from time to time be assigned by the Company and/or the Client; 

  

	 	2.3.3	 comply with all reasonable and lawful directions given by the Company and/or the Client; 

 

	 	2.3.4	 use your utmost endeavours to promote, protect, develop, and extend the business of the Company and the Client;
and 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

  

	 	2.3.5	 comply with your common law, statutory, regulatory, and fiduciary duties. 

 

	2.4	 Your normal place of employment will be working from your home office. However, you also agree to work at any
Client place of business in the UK on a temporary or permanent basis as the Company or the Client may reasonably require. You agree to travel on any business of the Company or Client as may be required for the proper performance of your duties. You
shall not be required to work outside of the United Kingdom for any consecutive period in excess of one week per month, without the prior mutual agreement between the Company and/or Client and yourself. 

 

	3.	 REMUNERATION 

  

	3.1	 Your basic salary is £ 257,000.00 per year and will be paid in equal monthly instalments by direct
transfer on or around the last working day of each month to your personal bank or building society account. You will be notified in writing each pay day of the net and gross amounts paid, including details of any additional payments and deductions
for tax, National Insurance contributions etc. 

  

	3.2	 You will be notified in writing of any changes to your basic salary. The award of and amount of any salary
increase will be at the absolute discretion of the Company. 

  

	3.3	 You will be eligible to earn an annual bonus of up to 40% of your base salary subject to such conditions
(including but not limited to, conditions for and timing of payment) as the Company and/or Client may in its absolute discretion determine from time to time. The terms or details regarding the bonus will be provided to you within two months of the
effective date of this Agreement. The Company and/or Client reserves the right to amend the terms of any bonus plan at its absolute discretion. The decision with regard to the receipt and amount of any bonus is entirely at the sole and final
discretion of the Company and/or Client. If the Company and/or Client decides in any period to pay a bonus, you cannot derive any right there from to any future bonus in accordance with a plan or otherwise. 

 

	3.4	 The terms of your employment shall not be affected in any way by your participation or entitlement to
participate in any long-term incentive plan or share option scheme. Such schemes and/or plans shall not form part of the terms of your employment (express or implied). In calculating any payment, compensation or damages on the termination of your
employment for whatever reason (whether lawful or unlawful) which might otherwise be payable to you, no account shall be taken of your participation in any such schemes and/or plans or any impact upon participation such termination may have.

  

	3.5	 The Company is entitled to deduct from your salary or any other payment due to you from the Company or the
Client, including any payment due to you on termination of your employment, any sums properly due from you to the Company or the Client. Such sums include, without limitation, repayment of any loans or advances (including advances on expenses),
repayment of any overpaid holiday pay, repayment of sign-on bonuses, salary or benefits, and the cost of any damage to or loss of the Company’s or Client’s property caused by you.

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	4.	 ADDITIONAL ALLOWANCE 

 

	4.1	 You are entitled to the following additional allowance(s) which will be paid in the same manner and subject to
the same provisions as your basic salary and will be subject to tax and National Insurance contributions. 

  

	 	4.1.1	 £ 75.00 per month for Telephone/Data Allowance. 

 

	 	4.1.2	 In the occasion of opting-out of the Company’s Workplace Pension
Scheme (as detailed in clause 5), the employer contribution will be paid in the form of allowance ‘Pension Allowance’. This will be offered throughout the opted-out period. Should your enrolment
resume by choice or default, within the Company’s Workplace Pension Scheme, the pension allowance will not be paid from the point of enrolment in any capacity. At the time of enrolment, employer contributions will be made to the company pension
plan. 

  

	5.	 PENSION SCHEME 

 

	5.1	 With effect from the date of the commencement of your employment you will be contractually enrolled in the
Company’s Workplace Pension Scheme, currently with Aviva (the “Company Scheme”). Full details of the Company Scheme are available from the Company. 

 

	5.2	 Unless you opt out, the Company will make a pension contribution equal to 4% of your basic salary and will
require you to make a contribution equal to 5% of your basic salary to the Company Scheme during each year of your employment. Your contributions shall be deducted from your basic salary each month. The Company intends to comply with the employer
pension duties in accordance with Part 1 of the Pensions Act 2008 and as a result these contributions may be subject to increase from time to time. You will be advised of any such increase in advance. 

 

	6.	 BENEFITS 

  

	6.1	 You shall, during employment, be eligible to participate in such benefit plans that the Company may establish
and makes available to you from time to time, provided that you are and remain eligible under the plan documents, rules, terms and conditions governing those plans. 

 

	6.2	 Your participation in any such benefit plan will be subject to: 

 

	 	6.2.1	 the terms of the relevant benefit plan as amended from time to time; 

 

	 	6.2.2	 the rules or policies of the relevant benefit plan provider, as amended from time to time;

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	 	6.2.3	 acceptance by the relevant benefit plan provider; and 

 

	 	6.2.4	 you satisfying the normal underwriting requirements of the relevant benefit plan provider (which may involve a
medical and/or a medical questionnaire) and the premium being at a rate which the Company considers reasonable. 

  

	6.3	 The Company’s obligation under this clause is limited to paying premiums to the relevant benefits
provider. If the benefit provider refuses to accept a claim under the relevant benefit plan the Company shall have no obligation or responsibility to challenge that decision or to compensate you. The Company, in its absolute discretion, reserves the
right to discontinue, vary or amend any of the benefit plans (including the provider and/or level of cover provided under any benefit plan) at any time on reasonable notice to you. 

 

	6.4	 You agree that the Company shall be under no obligation to continue this Agreement and your employment so that
you continue to receive benefits or to enable you to receive benefits under this Agreement or otherwise (including in relation to any insurance benefit). In particular, you agree that the Company may terminate your employment notwithstanding any
rights which you may have to participate in and/or obtain benefits under any permanent health insurance scheme which the Company may choose to operate from time to time. You agree that you shall have no entitlement to compensation or otherwise from
the Company and/or any Group Member of the Company for the loss of any such entitlements and/or benefits. 

  

	7.	 HOURS OF WORK AND OVERTIME PAYMENTS 

 

	7.1	 Your working hours shall be from 12:30 pm to 9:00 pm Monday to Friday plus such additional hours as are
required for the proper and efficient performance of your duties. No payments are made for any hours worked over and above the normal working day. 

  

	7.2	 By your signature to this statement, you: 

 

	 	7.2.1	 consent to opt out of the limit on weekly working hours contained in Regulation 4 of The Working Time
Regulations 1998. You and the Company agree that your consent, for the purposes of this clause, shall continue indefinitely provided that you may withdraw such consent at any time by giving the Company three months’ notice of your wish to do
so; and 

  

	 	7.2.2	 confirm that during the employment you will not undertake any other work for any employer without the written
consent of the Company. 

  

	8.	 HOLIDAYS AND HOLIDAY PAY 

 

	8.1	 You shall be entitled to 20 days’ paid holiday per year (not including the normal public holidays) to be
taken at times convenient to the Client and authorised in advance by either the Company or the Client. The Company’s holiday year runs from 1 January to 31 December. Holiday accrues pro rata in each month. 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	8.2	 If your employment commences or terminates part way through a holiday year, your holiday entitlement during
that holiday year will be calculated pro rata basis rounded up to the nearest full day. 

  

	8.3	 A maximum of 5 days of holiday may be carried over to the following holiday year provided they are taken by
March 31 in that following year. 

  

	8.4	 You will have no entitlement to payment in lieu of accrued but untaken holiday except on the termination of
employment. The amount of such payment in lieu shall be 1/260 of your salary for each untaken day of entitlement 

  

	8.5	 If on the termination of employment you have already taken holiday in excess of your accrued but untaken
entitlement, the Company shall be entitled to recover from you by way of deduction from any payments due to you or otherwise one day’s pay for each excess day calculated at 1/260 of your basic annual salary. 

 

	8.6	 If either party has served notice to terminate the employment, the Company may require you to take any accrued
but unused holiday entitlement during the notice period. Any accrued but unused holiday entitlement shall be deemed to be taken during any period of Garden Leave. 

 

	9.	 SICKNESS ABSENCE & PAYMENTS 

 

	9.1	 If you are unable to attend work due to sickness or injury you must notify your manager as early as possible on
the first day of absence and preferably before the start of your manager’s day. You should state why you are unable to work and how long you expect to be unable to work. You should keep your line manager regularly informed of your condition and
the likely date of your return to work. 

  

	9.2	 Any period of absence of up to 5 days may be self-certified and any period of absence of more than 5 days must
be supported by doctor’s certificate. A failure to comply with these requirements may result in you losing your entitlement to Statutory Sick Pay (“SSP”) and any applicable enhanced payments and could lead to disciplinary action being
taken against you. 

  

	9.3	 You consent to undergo a medical examination by a doctor nominated by the Company at the Company’s request
and expense. You agree that any report produced in connection with any such examination may be disclosed to the Company and/or the Client and the Company and/or the Client may discuss the contents of any such report with the relevant doctor.

  

	9.4	 You will be entitled to statutory sick pay (“SSP”) in accordance with the prevailing rules of the
statutory sick pay scheme. Any further payments will be discretionary, non-contractual and may be discontinued at any time. Any further payments will be subject to compliance with the rules of any sick pay
policy or absence policy which may be in place from time to time and subject to your compliance with the Company’s sickness absence notification requirements. 

 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	9.5	 The rights of the Company to terminate your employment apply even where such termination would or might cause
you to forfeit any entitlement to sick pay, permanent health cover or insurance, or other benefits. 

  

	9.6	 If a period of absence is or appears to have been caused by negligence or other action by a third party in
respect of which you may be able to recover compensation, you must immediately notify your manager and provide such further information and cooperation in relation to any legal proceedings as the Company may reasonably require. Any enhanced sick pay
or other payments the Company makes to you in respect of that period except SSP shall be repayable on demand, provided that the amount to be repaid shall not exceed any compensation you recover for loss of earnings less any costs you incur in
connection with such recovery. 

  

	10.	 TERMINATION OF EMPLOYMENT 

 

	10.1	 Your employment may be terminated by you or the Company by providing one week’s notice in writing. After
you have 2 years of continuous service with the Company you will be entitled to receive and will be required to give an additional one week’s written notice of termination of employment for each completed year of continuous service up to a
maximum of 12 weeks’ notice after 12 years of continuous service. 

  

	10.2	 A notice given to a party under this Agreement shall be in writing and may be delivered (i) by hand,
(ii) by post to the party at the address given for that party in this Agreement, (iii) to the work or (in the case of a notice given to the Employee) the personal email address of that party, or (iv) as otherwise notified in writing
to the other party. 

  

	10.3	 A notice given by email shall be deemed to take effect one hour after it is sent, a notice sent by first class
post shall be deemed to take effect on the next working day and notice sent by courier upon delivery at the address in question. 

  

	10.4	 The Company may, in its absolute discretion, terminate your employment at any time and with immediate effect by
notifying you that it is exercising its right under this clause and that it will pay you a sum equal to the basic salary you would have received during your notice period (or, if notice has already been given, during the remainder of the notice
period) less income tax and National Insurance contributions (“Payment in Lieu”). You shall have no right to receive a Payment in Lieu unless the Company has exercised its discretion to make the same. The Payment in Lieu shall not include
any payment in respect of: 

  

	 	10.4.1	 any bonus or commission payments that might otherwise have been paid to you during the period for which the
Payment in Lieu is made; 

  

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	 	10.4.2	 benefits which you would have been entitled to receive during the period for which the Payment in Lieu is made;

  

	 	10.4.3	 any holiday entitlement that would have accrued to you during the period for which the Payment in Lieu is made.

  

	10.5	 You shall have no right to receive a Payment in Lieu if the Company would otherwise have been entitled to
terminate your employment under this Agreement without notice. In that case the Company shall also be entitled to recover from you any Payment in Lieu already made. 

 

	11.	 TERMINATION WITHOUT NOTICE 

 

	11.1	 Notwithstanding the termination provisions set out above, the Company may terminate your employment under this
Agreement with immediate effect without notice and with no liability to make any further payment to you (other than in respect of amounts accrued at date of termination) if in the reasonable opinion of the Company you: 

 

	 	11.1.1	 are guilty of gross misconduct; or 

 

	 	11.1.2	 commit any serious or repeated breach or non-observance of any of the
provisions of this Agreement or refuse to comply with any reasonable and lawful directions of the Company or the Client; or 

  

	 	11.1.3	 are grossly negligent or grossly incompetent in the performance of your duties; or 

 

	 	11.1.4	 are declared bankrupt or makes any arrangement with or for the benefit of your creditors or has a county court
administration order made under the County Court Act 1984; or 

  

	 	11.1.5	 are convicted of any criminal offence (other than an offence under any road traffic legislation in the United
Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or 

  

	 	11.1.6	 commit any material breach of the Company’s or Client’s policies or procedures; or

  

	 	11.1.7	 are no longer eligible to work in the United Kingdom; or 

 

	 	11.1.8	 are guilty of any fraud or dishonesty or acts in any manner which brings or is likely to bring you or the
Company or the Client into disrepute or is materially adverse to the interests of the Company or the Client. The rights of the Company under this clause are without prejudice to any other rights that it might have at law to terminate your employment
or to accept any breach of this Agreement by you as having brought the Agreement to an end. Any delay by the Company in exercising it rights to terminate shall not constitute a waiver thereof. 

 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

  

	12.	 GARDEN LEAVE 

  

	12.1	 The Company may, at its absolute discretion, place you for the whole or any part or parts of your notice period
(whether notice is given by the Company or by you, or if you purport to terminate the employment in breach of contract) on garden leave (“Garden Leave”). 

 

	12.2	 During any period of Garden Leave: 

 

	 	12.2.1	 the Company or the Client shall be under no obligation to provide any work to you and may revoke any powers you
hold on behalf the Company or the Client; 

  

	 	12.2.2	 the Company or the Client may require you to carry out alternative duties or to only perform such specific
duties as are expressly assigned to you, at such location (including your home) as it may reasonably decide; 

  

	 	12.2.3	 the Company or the Client may appoint another person to carry out your normal duties; 

 

	 	12.2.4	 you shall continue to receive your basic salary but shall not be entitled to receive any applicable non-contractual bonus or other incentive in respect of the period of Garden Leave; 

  

	 	12.2.5	 you shall remain an employee of the Company and bound by the terms of this Agreement (including any implied
duties of good faith and fidelity); 

  

	 	12.2.6	 you shall be contactable during each working day (except during any periods taken as holiday in the usual way);

  

	 	12.2.7	 the Company or the Client may exclude you from any premises of the Company or the Client, require you to return
any Company or Client property and remove your access from some or all of the Company’s or the Client’s information systems; and 

  

	 	12.2.8	 the Company may require you not to contact or deal with (or attempt to contact or deal with) any officer,
employee, consultant, client or other business contact of the Company or Client as it may reasonably determine. 

  

	13.	 GRIEVANCE & DISCIPLINARY PROCEDURES 

 

	13.1	 Your attention is drawn to the disciplinary and grievance procedures applicable to your employment, copies of
which are available from the Company. These procedures do not form part of your contract of employment. 

  

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	14.	 HEALTH & SAFETY 

 

	14.1	 Your attention is drawn to the health and safety policy applicable to your employment, a copy of which is
available from the Company. You have a statutory duty to observe all health and safety rules and to take all reasonable care to promote the health and safety of yourself, other employees and visitors. 

 

	15.	 CONFIDENTIALITY 

 

	15.1	 You must not at any time during your employment (except so far as may be necessary for the proper performance
of your duties) or after the termination of your employment use for any purpose other than the Company’s or Client’s business or disclose to any person or body any Confidential Information obtained during your employment. For the purposes
of this Agreement “Confidential Information” means any trade secrets or other information which is confidential, commercially sensitive, and is not in the public domain (other than by your actions) relating or belonging to
the Company and/or any Group Company and/or Client including but not limited to: 

  

	 	15.1.1	 information relating to the business methods, corporate plans, management systems, finances, new business
opportunities, research and development projects, marketing or sales of any past, present or future product or service; 

  

	 	15.1.2	 secret formulae, processes, inventions, designs, know-how discoveries,
technical specifications and other technical information relating to the business or the creation, production or supply of any past, present or future product or service of the Company and/or any Group Company and/or the Client;

  

	 	15.1.3	 lists or details of customers, potential customers or suppliers or the arrangements made with any customer or
supplier; and 

  

	 	15.1.4	 any information in respect of which the Client, the Company and/or any Group Company owes an obligation of
confidentiality to any third party. 

  

	15.2	 You must return to the Company or the Client forthwith on termination of your employment, or at any time during
your employment upon request by the Company or the Client, any Confidential Information which is in your possession or under your control in any format (whether prepared by you or any other person and whether stored electronically, on paper, online
or otherwise), including and information in any format which contains, reflects or is derived or generated from Confidential Information. You must not retain any copy or extract of such information in any format. 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	15.3	 In addition, the Client may require you to sign non-disclosure and
confidentiality agreements prior to rendering services. If the Client requires you to sign a non-disclosure or confidentiality agreement, this contract of employment is conditional upon you signing such non-disclosure and confidentiality agreements. To the extent that you have any questions regarding the implications of signing such agreements, you agree to notify the Company prior to signing.

  

	16.	 OUTSIDE INTERESTS AND DEALINGS 

 

	16.1	 Save as set out in clause 2.3.1, you may not, during your employment including any period of Garden Leave,
without having disclosed full details to the Company and the Client and obtained the prior written consent of the Company and the Client, be directly or indirectly engaged, concerned or interested in any capacity in any other actual or prospective
business, organisation, occupation or profession other than the business of the Company or the Client. This restriction applies whether or not the other activity is of a similar nature to or competes in any material respect with any of the
businesses of the Company or the Client. 

  

	16.2	 Nothing in this Agreement shall prevent you from holding an investment by way of shares or other securities in
any entity listed or dealt on a recognised stock exchange (a “Permitted Investment”) provided always that during the term of the employment the Permitted Investment shall not constitute more than 3% of the issued share capital of the
entity concerned. 

  

	17.	 INTELLECTUAL PROPERTY RIGHTS AND INVENTIONS 

 

	17.1	 The parties foresee that you, on your own or with others, may make, discover, conceive, reduce to practice or
develop inventions or create other intellectual property in the course of your duties for the Company or the Client. As used in this Agreement, the term “Inventions” means and includes, without limitations, all software programs, source or
object codes, algorithms, improvements, mask works, discoveries, financial models, works of authorship, trade secrets, designs, formulas, ideas, processes, techniques, know-how and data, whether or not
patentable, made or discovered or conceived or reduced to practice or developed by you, either alone or jointly with others, during the term of your employment with the Company. 

 

	17.2	 All copyright, design right (registered or unregistered), trademark, database rights, technical information and
other intellectual property rights in all Inventions, works and materials made, originated, developed, written or prepared by you (whether alone or with others) during your employment and in any way affecting or relating to the business of the
Company and/or the Client, or capable of being used or adapted for use in or in connection with such business (collectively “Intellectual Property Rights”) shall belong to the Company and/or the Client, respectively. You shall immediately
disclose to the Company and/or Client the full details of any Intellectual Property Rights. You hereby assign, by way of future assignment, all such Intellectual Property Rights as mentioned above to the Company and/or the Client, respectively, to
hold absolutely unto itself, together with the right to apply for registration (where registrable) and enforce all such rights anywhere in the world. You also unconditionally and irrevocably agree to waive any and all moral rights you may have as an
author, designer or inventor of any such works or materials under sections 77 to 85 inclusive of the copyright designs and patents act 1988 in favour of the Company and/or the Client, respectively, in relation to any works and materials in which the
Intellectual Property Rights referred to above are vested in the Company and/or the Client. 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	17.3	 You recognise and accept that the Company or the Client may edit, copy, add to, take from, adapt and/or
translate such works and materials as it sees fit in exercising the rights assigned herein. 

  

	17.4	 You agree that you will at the Company’s or the Client’s request and expense, execute such further
documents or deeds and do all things necessary or reasonably required (including without limitation filing a patent application naming the Company or the Client, respectively, as the sole proprietor) to confirm and substantiate the rights of the
Company or the Client and vest the Intellectual Property Rights in the Company or the Client under this section and despite the termination of this agreement for any reason, and until properly vested will hold any such Intellectual Property Rights
on trust for the Company and/or the Client. You agree that you will not knowingly do or omit to do anything which will or may have the result of invalidating any such protection aforesaid or any application for such protection.

  

	17.5	 You agree that you will not at any time make use of or exploit the Company’s or the Client’s
property, trademarks, service marks, documents or materials in which the Company or the Client owns the copyright or the design rights for any purpose which has not been authorised by the Company or the Client. You agree that you will not knowingly
do or omit to do anything which will or may have the result of invalidating any such protection aforesaid or any application for such protection. 

  

	18.	 COMPANY AND CLIENT PROPERTY 

 

	18.1	 All notes and memoranda concerning the business of the Company and/or the Client or any of their suppliers,
agents, distributors, clients or customers which are received or made by you in the course of your employment will be the property of the Company or the Client, respectively. 

 

	18.2	 At any time during your employment or following its termination (for whatever reason), unless directed
otherwise by the Company and/or the Client, you agree to: 

  

	 	18.2.1	 return to the Company (or, as appropriate, the Client) all documents and copies (whether written, printed,
electronic, recorded or otherwise and wherever located), including all Confidential Information made, compiled or acquired by you during the employment or relating to the business or affairs of the Company and/or Client or their business contacts
including (but not limited to) client/customer lists, correspondence and documents (including copies), which you have in your possession or which is under your control; 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	 	18.2.2	 return to the Company (or, as appropriate, the Client) all property belonging to or leased by the Company or
the Client, including (but not limited to) keys, mobile telephones, computers, mobile devices, security passes, identity badges and books; and 

  

	 	18.2.3	 irretrievably delete from any computer or other equipment not belonging to or leased by the Company or the
Client in your possession or under your control any information relating to the business or affairs of the Company or the Client including (but not limited to) any Confidential Information and Copies including such data and any software which is
licensed to any Group Company and such systems and data storage service provided by third parties (to the extent technically practicable). 

  

	19.	 RESTRICTIONS AFTER TERMINATION 

 

	19.1	 You agree that you will: 

 

	 	19.1.1	 during the term of your employment with the Company and for a period of 3 month(s) thereafter, refrain,
directly or indirectly, whether as partner, consultant, agent, employee, or otherwise, from engaging, participating or investing in any business activity anywhere in the United Kingdom which develops, manufactures or markets products or performs
services which are competitive with or similar to the products or services of the Client, or products or services that the Client has under development or which are the subject of active planning at any time during the term of your work with the
Client and in respect of which your duties were concerned or interested during the 3 months preceding the date of termination of your employment (save that this shall not prohibit you from acting in any capacity where there is no risk of conscious
or subconscious direct or indirect transmission or use of the Company or the Client’s confidential information); and 

  

	 	19.1.2	 during the term of your employment with the Company, and for a period of 12 months thereafter, refrain from
directly or indirectly employing, attempting to employ, recruiting or otherwise endeavouring to entice away from the Company anyone employed or engaged by the Company with whom you had material contact during the 12 months preceding the date of
termination of your employment; and 

  

	 	19.1.3	 during the term of your employment with the Company, and for a period of 12 months thereafter, refrain from
directly or indirectly employing, attempting to employ, recruiting or otherwise endeavouring to entice away from the Client anyone employed or engaged by the Client with whom you had material contact during the 12 months preceding the date of
termination of your employment; and 

  

	 	19.1.4	 during the term of your employment with the Company, and for a period of 12 months thereafter, refrain from
directly or indirectly soliciting or encouraging any customer or supplier of the Client with whom you had material contact during the 12 months preceding the date of termination of your employment to terminate or otherwise modify adversely its
business relationship with the Client; and 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	19.2	 The duration of the restrictions in this clause shall be reduced by any period of Garden Leave where you are
required not to carry out any work on behalf of the Company or the Client. 

  

	19.3	 You understand that the restrictions set forth in this section are intended to protect the Company’s and
the Client’s interest in its or their proprietary information and established customer relationships and goodwill. 

  

	19.4	 You enter into each of the restrictions in this clause for the benefit of the Company and as trustee for each
Group Company. You will, at the request and expense of the Company and the Client, enter into a separate agreement with the Client in which you agree to be bound by restrictions corresponding to those restrictions in this clause in relation to the
Client. 

  

	19.5	 The above is without prejudice to the rights of the Company or the Client which arise by operation of law.

  

	20.	 DATA PROTECTION 

 

	20.1	 You acknowledge that you have received a copy of Globalization Partners’ Privacy Notice for Human
Resources data as part of your onboarding, that you have therefore been notified about how your personal information will be collected and processed, and that you have been provided an opportunity to opt out of certain types of processing, where
applicable. 

  

	21.	 COLLECTIVE AGREEMENTS 

 

	21.1	 There are no collective agreements affecting your employment. 

 

	22.	 THIRD PARTIES 

 

	22.1	 Unless expressly stated otherwise in these terms and conditions, no provision of these terms and conditions may
be enforced by any third party pursuant to the Contracts (Rights of Third Parties) Act 1999 other than by a Group Company. 

  

	23.	 EQUAL OPPORTUNITIES 

 

	23.1	 The Company is an equal opportunities employer. No breaches of the discrimination legislation on the part of
any of its employees will be tolerated. 

  

	24.	 EXPENSES 

  

	24.1	 The Company will reimburse you for all reasonable expenses which have been properly incurred by you in the
performance of your duties. You must provide appropriate receipts or other evidence of expenditure to support any claim for reimbursement of expenses and submit your claim in a timely fashion in accordance with, and as prescribed by, Company and
Client policy. 

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

	25.	 ENTIRE AGREEMENT 

 

	25.1	 This Agreement constitutes the entire agreement between you and the Company and it supersedes and extinguishes
all previous discussions, correspondence, negotiations, drafts, agreements, promises, assurances, warranties, representations and understandings between you and the Company, whether written or oral, relating to its subject matter.

  

	26.	 VARIATIONS 

  

	26.1	 The Company reserves the right to make reasonable changes to any of your terms and conditions of employment.

  

	26.2	 All changes will be notified to you in writing. You will be notified of minor changes by way of a general
notice to all employees. Unless otherwise set out in the notice, any changes shall take effect from the date of the notice in which they are set out. 

  

	26.3	 The Company reserves the right to transfer your employment to any Group Company on terms which (considered in
their entirety) are no less favourable to any material extent than the terms of this agreement. 

  

	27.	 LAW 

  

	27.1	 Your contract of employment with the Company shall be governed by and construed in all respects in accordance
with the laws of England and Wales. You and the Company each irrevocably submit to the non-exclusive jurisdiction of the English Courts. 

 

	
	 /s/ Nicole Sahin

	     Nicole Sahin, CEO

 For and on behalf of Globalization Partners Limited 

 

			
	 Dated
	 	20 January 2021 | 09:31 PST

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM 

 

 
  

 I accept the terms and conditions of my employment with the Company as set out in this Agreement. 

 

			
	 Signed
	 	 /s/ Selwyn Ho

	 Name
	 	 Selwyn Ho

		
	 Dated
	 	 20 January 2021 | 09:08 PST

  
  

GLOBALIZATION PARTNERS LTD. 
 NIT 2,
MINTON PLACE, VICTORIA ROAD, BICESTER OX26 6QB, ENGLAND 
 GLOBALIZATION-PARTNERS.COM

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