Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS AGREEMENT made
effective as of the June 1, 2006

 

BETWEEN:

 

JumpTV Inc., a
Corporation incorporated under the federal laws of Canada and having its head
office in Toronto, Ontario

 

(hereinafter
referred to as the “Company”)

 

OF
THE FIRST PART

 

AND:

 

G.
Scott Paterson, executive, domiciled at Toronto, Ontario

 

(hereinafter
referred to as the “Executive”)

 

OF
THE SECOND PART

 

WHEREAS
the Company provides
online delivery of television networks from broadcasters around the world via
the internet;

 

AND
WHEREAS the Company
and the Executive (referred to herein individually as a “Party” and
collectively as the “Parties”) wish to enter into this employment agreement
(the “Agreement”) under the terms and conditions herein;

 

AND
WHEREAS during the
course of the Executive’s employment with the Company, the Executive will be
introduced to, have contact with, and his/her services may be solicited by, one
or more clients and suppliers of the Company;

 

AND
WHEREAS the Executive
will acquire knowledge, experience and expertise, as well as detailed knowledge
of the Company’s confidential customer and supplier lists and information,
marketing techniques, price lists, trade secrets and other property which is
and shall be the property of the Company, and the disclosure, loss or,
unauthorized use of which would substantially harm the business of the Company;

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises above and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:

 

 

ARTICLE 1

TERM OF EMPLOYMENT

 

1.1           The term of employment under this Agreement shall commence on June 1,
2006 (the “Start Date”) and shall be for an indefinite term, subject to
termination as provided for in Article 6 hereof.

 

ARTICLE
2

DUTIES
AND RESPONSIBILITIES

 

2.1           The Executive shall serve the Company as its
Chairman and Chief Executive Officer (“Positions”).  The Executive shall report to the Board of Directors
for the Company (“Board”).  The Executive
shall perform such duties and exercise such powers as are normally associated
with and incidental and ancillary to the Positions [including responsibility
for operations of the Corporation] and shall perform such additional duties and
exercise such additional powers as may be accorded to him by the Board or any
compensation committee thereof.

 

2.2           The Executive agrees, during the term of his
employment, to devote his entire working time, services, skill and ability to
such employment and to serve at all times with loyalty and honesty in the best
interests of the Company.  The Executive
engages in other activities for charitable and other non-profit institutions
and may accept further directorships with for-profit organizations with the
prior approval of the Board, which approval shall not be unreasonably withheld.

 

ARTICLE 3

COMPENSATION AND BENEFITS

 

3.1           In consideration of the services provided by
the Executive hereunder, the Company commencing on the Start Date shall pay to
the Executive an annual base salary (“Base Salary”) in the amount of US$90,000
or the Canadian dollar equivalent until December 31, 2006, at which time,
if not before, the Board (or the compensation committee thereof) agrees to
negotiate in good faith with the Executive the Executive’s cash remuneration
inclusive of Base Salary and Bonus (as defined below) for calendar year
2007.  Such cash remuneration to be
consistent with executives functioning in the Positions in organizations of
similar size, type and market capitalization. 
The Base Salary shall be payable in equal bi-weekly installments in
arrears, less those deductions, withholdings or contributions which are
required by law.

 

3.2           The Executive shall be entitled to receive an
annual bonus in US$ or the Canadian dollar equivalent (“Bonus”).  Such Bonus to be based on the attainment of
certain objectives to be determined by mutual agreement of the Board (or the
compensation committee thereof) and the Executive.

 

3.3           The Executive shall be eligible for any group
medical, dental and insurance programs including short and long term disability
applicable to the senior executives of the Company upon the establishment of
such programs by the Company and as per the terms 

 

 

and
conditions of such programs.  The Company
shall pay all premium costs and contributions associated with the group
benefits program under which the Executive is covered.

 

3.4           Subject to approval of the Board (or the
compensation committee thereof). The Company shall pay the Executive a monthly
automobile allowance and shall provide the Executive with all
telecommunications equipment such as cellular telephones, Blackberries, laptop
computers and/or other devices reasonably necessary for the performance of his
duties as well as provide all connectivity and related requirements to permit
the Executive to work from his multiple residences.

 

3.5           The Company agrees to assume the cost of
reasonable legal fees related to the drafting and review of the terms of this
Agreement.

 

3.6           The Executive consents to the Company
obtaining a key person life insurance policy designating the Company as
beneficiary provided that $2million of the benefit is paid to any designated
beneficiary of the Executive in accordance with the Executive’s instructions.

 

ARTICLE 4

INCENTIVE COMPENSATION

 

4.1           The Executive shall be eligible to
participate in any Company stock option plan and/or Stock Appreciation Rights (“SARs”)
in accordance with the plan terms as amended from time.  The Company confirms the Executive has been
granted SARs equal to 1,000,000 class A shares in the capital of the Company at
an exercise price of U.S$4.00 per class A share.

 

4.2           The Company confirms that effective March 27,
2006, the Executive shall have vested such number of SARs that corresponds to a
period of eleven (11) months of monthly vesting regardless of whether such
number of vested SARs is consistent with the vesting schedule established under
the terms of the plan.

 

4.3           Except as otherwise provided in Article 4
or 6 herein, the terms of the Plan(s) shall govern.  In the event of any inconsistency between the
plan(s) and Article 4 herein, the terms of Article 4 shall
prevail.

 

4.4           The Executive shall participate in future
grants of SARs or other forms of long term incentive compensation as approved
by the Board (or the compensation committee thereof) including stock options or
restricted stock units in accordance with the terms of such plans.

 

 

ARTICLE 5

VACATION

 

5.1           The Executive shall be entitled to six (6) weeks
annual paid vacation during each year to be taken at such times as may be
mutually agreed between the Executive and the Company, acting reasonably.  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.

 

ARTICLE 6

TERMINATION OF THIS AGREEMENT

 

6.1           The employment of the Executive hereunder may
be terminated by either the Company or the Executive, as the case may be, in
any of the following circumstances:

 

(a)                            at any time by the Company forthwith, without
notice and without pay in lieu of notice, for cause;

 

(b)                           automatically upon the death of the Executive
in accordance with Section 12 hereof;

 

(c)                            by the Company, without cause, [which shall
include a Change of Control or Constructive Dismissal as hereinafter defined],
by providing to the Executive the Severance Payment (as that term is
hereinafter defined), the Severance Benefits (as that term is hereinafter
defined) and Accelerated Vesting (as that term is hereinafter defined) of
incentive compensation;

 

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

 

6.2           For the purposes of this section 6:

 

(a)          “Severance Payment” means a lump sum payment in an amount representing
twenty-four (24) months Base Salary and average Bonus calculated over the prior
two (2) year period); and

 

(b)         “Severance Benefits” means the provision of employment benefits
described in Section 3.3 hereof for a period equal to twenty-four (24)
months.

 

(c)          “Constructive Dismissal” shall be deemed to have occurred in any material and adverse change in the title, status,
position, job function, job 

 

 

responsibilities and/or
reporting responsibilities of the Executive from those current at the date
hereof has occurred without the prior written consent of the Executive.  The Constructive Dismissal is deemed to have
occurred upon written notice from the Executive to the Company of the material
change as described above and such material change is not cured to the
satisfaction of the Executive within ten (10) business days.

 

(d)         “Accelerated Vesting” shall mean:

 

(i)                                     in the case of a Change of Control and
regardless of the current capacity of the Executive, 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.  The Executive 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; and

 

(ii)                                  in the case of a termination by the Company
on a without cause basis and regardless of the current capacity of the
Executive, the automatic vesting of any unvested options/SARs or other
incentive compensation which are subject to vesting within a period of
twenty-four (24) months from the date of termination.  The Executive 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.

 

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

 

6.4           Any payment to the Executive under this
section 6 shall be deemed to include all required termination and/or severance
payments pursuant to the provisions of the Employment Standards Act,
2000 (Ontario).

 

6.5           In the event that any payment is made to the
Executive pursuant to the proviusions of Section 6, the Executive shall
not be required in any manner whatsoever to mitigate any damages resulting from
the termination of employment. 
Furthermore, the payment referred to in Section 6 shall be made
regardless of whether the Executive seeks or finds employment or earns any
income of any nature whatsoever.

 

 

ARTICLE 7

NON-COMPETITION

 

7.1           As used in Articles 7 and 8, the following
words and phrases are defined as follows:

 

(a)                                  “Business” means the business and undertaking
carried on by the Company from time to time during the term of the Executive’s
employment with the Company up until the date of termination of the Executive’s
employment hereunder including, without limitation, the business of
rebroadcasting ethnic television channels over the internet to any internet
enabled device by way of live streaming;

 

(b)                                 “Effective Period” means during the period of
employment and for a period of two (2) years from the date of
discontinuance of employment.

 

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

 

(d)                                 “Territory” means the World.

 

7.2           The Executive covenants to and agrees with
the Company that during the term of this Agreement and during the Effective
Period the Executive will not without the express written consent of the
Company 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 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.

 

ARTICLE
8

NON-SOLICITATION

 

8.1           The Executive covenants to and agrees with
the Company that during the term of this Agreement and, in the event the
Executive resigns or his employment is terminated for any reason, for a period
equal to twenty four (24) months following the date of such resignation or
termination the Executive will not, without the express written consent of the
Company:

 

(a)                                  directly or indirectly assist, or have any
direct or indirect interest in (in case whether as principal, agent,
independent contractor, supplier, consultant, lender, financier or in any
capacity whatever) any Person who competes with the Business;

 

(b)                                 directly or indirectly solicit or attempt to
solicit any suppliers, customers, partner or employees to or of the Business
away from the Company 

 

 

(whether a principal, agent, independent
contractor or in any capacity whatever); or

 

(c)                                  directly or indirectly deliberately take any
action which may reasonably result in the relations between any member of the
Company 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.

 

8.2           Notwithstanding Section 8.1, effective
upon the resignation of the Executive or the termination of his employment for
any reason, the Executive or his designate(s) shall be entitled to solicit
without restriction Jason Reid or Jeff Maser or other executives who had been
associated with Paterson Partners or its affiliated entities.  In addition, the Executive or his designate(s) shall
be entitled to solicit employees and other individuals involved with the
Company to become shareholders, stakeholders or board members or advisory board
members in other ventures involving the Executive.

 

ARTICLE
9

CONFIDENTIALITY

 

9.1           The Executive covenants to and agrees with
the Company that, from and after the date hereof, the Executive shall, unless
the Executive shall fuirst have secured the Company’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 the Company or other third
parties of which the Executive has become informed of during, or as a result
of, the Executive’s involvement with the Company, whether or not developed by
the Executive or as a result of the Executive’s involvement with the Company,
except: (i) as required in his duties to the Company; (ii) if such
information or technology is otherwise available to the public; or (iii) if
and to the extent that the Executive is required by law to disclose such
information or technology, provided that in such circumstances the Executive
shall have given prior written notice to the Company of his obligation and the
Company has not, prior to the Executive being so required by law to make such
disclosure, obtained judicial relief from such legal requirement to
disclose.  The Executive covenants to and
agrees with the Company that upon resignation or termination of his employment
for any reason, he will deliver to the Company forthwith all such confidential
information in any format or medium that is in his possession.  Furthermore, the Executive warrants that he
is under no duty of confidentiality to any third party that would preclude full
performance of the duties contemplated in this Agreement.  The Executive will not disclose to the
Company or induce the Company to use any inventions or confidential information
belonging to others.

 

 

ARTICLE 10

INTELLECTUAL
PROPERTY

 

10.1                           The Executive agrees that any and all ideas,
discoveries, inventions and improvements thereon (“Inventions”) which he may
conceive or make during the period of his 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 the Company.  The Executive
will, whenever so requested by the Company, execute any and all applications,
assignments, and other instruments which the Company 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.

 

The
Executive also acknowledges and agrees that all copyright and other rights in
any designs, plans, specifications, documents or other work (“Work”) he creates
during the period of his employment with the Company, whether or not such Work
is created in the course of his employment relating to the Business shall be
the sole and exclusive property of the Company. 
The Executive hereby assigns all such rights to the Company.  The Executive will, whenever so requested by
the Company, execute any and all applications, assignments, and other
instruments which the Company shall deem necessary in order to apply for and
obtain registration of copyright in any Work in Canada or foreign countries.

 

The
Executive waives all moral rights or author’s rights in any Work he may create.

 

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

 

The
foregoing obligations shall continue beyond the termination of the term of this
Agreement with respect to any and all Inventions or Work conceived or made by
the Executive during the term hereof and shall be binding on the Executive’s
assigns, executors, administrators or other legal representatives.

 

ARTICLE
11

CHANGE
OF CONTROL

 

11.1                           “Change in 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 the Company to affect materially the control of the Company; 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 the
Company which may be cast to elect directors of the Company, shall be deemed to
be in a position to affect materially the control of the Company; or

 

(b)         the Company shall consolidate or merge with or into, amalgamate with,
or enter into a statutory arrangement with, any other person (other than a
subsidiary of the Company) or any other person (other than a subsidiary of the
Company) shall consolidate or merge with or into, or amalgamate with or enter
into a statutory arrangement with, the Company, 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 the Company or any other person or for cash or any other
property;

 

(c)          the Company 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) of the Company and
its subsidiaries as at the end of the most recently completed financial year of
the Company or (B) which during the most recently completed financial year
of the Company generated, or during the then current financial year of the
Company are expected to generate, more than 50% of the consolidated operating
income or cash flow of the Company and its subsidiaries, to any other person or
persons (other than the Company or one or more of its subsidiaries); or

 

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

 

11.2         Notwithstanding anything to the contrary
contained in this Agreement, if a Change in Control occurs, the Executive shall
be entitled to elect to terminate his employment with the Company and to
receive payments and benefits in accordance with Section 6.  This Section 11 shall not apply if the
Change in Control involves a sale of securities or assets of the Company with
which the Executive is 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).

 

 

11.3         All termination rights of the Executive
provided for in this Section 11 are conditional upon the Executive
electing to exercise such rights by notice given to the Company within 120 days
of the Change of Control.

 

ARTICLE 12

DEATH OF EXECUTIVE

 

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

 

12.2         Effective the date of the Executive’s death,
the Executive’s Designate or the estate of the Executive, as the case may be,
shall also be entitled to an automatic vesting of any unvested options/SARs or
other incentive compensation.  The
Executive’s Designate or the estate of the Executive, 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 for the exercise of the
options/SARs or other incentive compensation (other than Bonus) as defined in
the plans.

 

ARTICLE 13

MISCELLANEOUS

 

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

 

13.2         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.

 

13.3         The Executive hereby confirms that he/she is
not a party to any agreement or under any other obligation to anyone, including
any former employer nor does the Executive have any other interest which is
inconsistent with or in conflict with or which would prevent, limit or impair
the Executive’s performance of any obligations hereunder which the Executive
has not disclosed in writing to the Company. 
The Executive acknowledges that the Company is not requesting the
Executive disclose any confidential information which the Executive may have
obtained from a former employer.

 

 

13.4         The Executive acknowledges that he has 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 the Company or anyone on its behalf.

 

13.5         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 the Company.  The Executive shall not assign or transfer
this Agreement or any of his rights or obligations hereunder.

 

13.6         The provisions of Articles 7, 8, 9 and 10
shall survive the termination of this Agreement.

 

13.7         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
or action or otherwise that may arise from this Agreement.

 

13.8         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
the Company:

 

JumpTV
Inc.

BCE
Place

161
Bay Street

Suite 3840,
P.O. Box 214

Toronto,
Ontario M5J 2S1

 

	
  Telephone:

  	
   

  	
  (416)
  368-6464

  
	
  Facsimile:

  	
   

  	
  (416)
  368-6414

  
	
   

  	
   

  	
   

  
	
  Attention:

  	
   

  	
  Mark
  Amin

  
	
   

  	
   

  	
  Chairman-Compensation
  Committee, Board of Directors

  

 

(b)         if to
the Executive:

 

	
  G.
  Scott Paterson

  
	
   

  
	
   

  
	
  Toronto
  Ontario

  
	
   

  
	
  Telephone:

  

 

 

Facsimile:

 

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 if 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.

 

13.9         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 the Company.  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.

 

IN
WITNESS WHEREOF this
Agreement has been executed the 22 day of June, 2006 by the parties hereto.

 

 

SIGNED,
SEALED AND DELIVERED

in
the presence of

 

 

	
  Illegible

  	
   

  	
  /s/
  G. Scott Paterson

  
	
  Witness

  	
   

  	
  G.
  Scott Paterson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JUMPTV
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Mark
  Amin

  
	
   

  	
   

  	
  Mark
  Amin

  
	
   

  	
   

  	
  Chairman-Compensation
  Committee,

  
	
   

  	
   

  	
  Board
  of DirectorsExhibit 10.2

 

Employment Agreement

 

 

EMPLOYMENT AGREEMENT

 

BETWEEN

 

BLAIR R. BAXTER

 

AND

 

JUMPTV INC.

 

 

MADE AS OF FEBRUARY 11, 2008

 

 

EMPLOYMENT AGREEMENT

 

THIS AGREEMENT made as of February 11, 2008;

 

BETWEEN:

 

JUMPTV INC.

(the “Corporation”)

 

OF
THE FIRST PART

 

-and-

 

BLAIR R. BAXTER

(the “Employee”)

 

OF
THE SECOND PART.

 

WHEREAS the Corporation
wishes to employ the Employee on the terms and conditions set out in this
Employment Agreement (“Agreement”);

 

AND WHEREAS the Employee
agrees to be employed by the Corporation on those same terms and conditions;

 

THIS AGREEMENT WITNESSES
that in consideration of the covenants and agreements contained in this
Agreement, the Corporation and the Employee agree as follows:

 

ARTICLE 1 — DEFINITIONS

 

1.1                                 Definitions

 

“Business” means the business of broadcasting
multi-program ethnic and sports content via the Internet, IP technology,
wireless or closed networks to any device by way of live streaming or
broadcast, pay-per-view, video on demand, including broadcast of repurposed
archival content and business activities in support thereof.

 

“Confidential Information”
means information,
whether or not originated by the Employee, that relates to the business or
affairs of the Corporation, their clients or suppliers and is confidential or
proprietary to the Corporation, its affiliates or their clients or
suppliers.  Confidential Information
includes, but is not limited to, the following types of information and other
information of a similar nature (whether or not reduced to writing or
designated or marked as confidential):

 

(i)            work product resulting from or related to
work or projects performed or to be performed by the Corporation, including but
not limited to, the interim and final lines of inquiry, hypotheses, research and
conclusions related thereto and the methods, processes, procedures, analysis,
techniques and audits used in connection therewith;

 

(ii)           information relating to Developments (as
hereinafter defined) prior to any public disclosure thereof, including but not
limited to, the nature of the developments, production data, technical and
engineering data, test data and test results, the status and details of
research and development of products and services, and information regarding
acquiring, protecting, enforcing and licensing proprietary rights (including
patents, copyrights and trade secrets);

 

 

(iii)          internal Corporation personnel and financial
information, vendor names and other vendor information, purchasing and internal
cost information, internal services and operational manuals;

 

(iv)          marketing and development plans, price and
cost data, price and fee amounts, pricing and billing policies, quoting
procedures, marketing techniques and methods of obtaining business, forecasts
and forecast assumptions and volumes, and future plans and potential strategies
of the Corporation which have been or are being discussed, customer names and
customer information;

 

(v)           contracts and their contents, client
services, data provided by clients and the type, quantity and specifications of
products and services purchased, leased, licensed or received by clients of the
Corporation; and

 

(vi)          all confidential information of the
Corporation which becomes known to the Employee as a result of employment with
the Corporation, which the Employee acting reasonably, believes is confidential
information of the Corporation or which, the Corporation takes measures to
protect, provided that the Employee is aware or ought to be aware of such
measures.

 

“Customer” means any Person who, in the twelve (12)
months preceding the date of the termination of the Employee’s employment
hereunder for any reason, has purchased from the Corporation any product or
services produced, sold, licensed, or distributed by the Corporation in respect
of the Business.

 

“Date of Termination” means the date on which a proper Notice
of Termination is given to or by the Employee.

 

“Notice of Termination” means a notice of termination of the Employee’s employment with the
Corporation.

 

“Person” means
any individual, company (or similar entity), partnership, trustee or trust or
unincorporated association.

 

“Prospective Customer” means (i) any
Person solicited by the Employee on behalf of the Company for any purpose
relating to the Business at any time during the twelve (12) month period
immediately preceding the Date of the Termination of the Employee’s employment
hereunder, for any reason; and (ii) any Person solicited by the Company
with the Employee’s knowledge for any purpose relating to the Business at any
time during the twelve (12) month period immediately preceding the Date of the
Termination of the Employee’s employment hereunder.

 

“Territory”
means North America.

 

ARTICLE 2 — EMPLOYMENT

 

2.1                               Employment

 

Subject
to the terms and conditions of this Agreement, the Employee will be employed by
the Corporation as Chief Financial Officer and will perform such duties and
exercise such powers related thereto as may from time to time be assigned to
him by the President of the Corporation or his or her designate.

 

 

2.2                                 Term of Employment

 

The
employment of the Employee under this Agreement will commence on April 1,
2008 (the “Effective date”) and will continue for
an indefinite period, subject to termination in accordance with this Agreement
or otherwise.

 

2.3                                 Probationary Period

 

The
employment of the Employee under this Agreement will not include a probationary
period (the “Probationary Period”).

 

2.4                                 Place of Employment

 

While
the Employee is performing his work and services for the Corporation under this
Agreement, or for such other person as may be authorized by the Corporation
from time to time, the Employee will be based out of Toronto, Ontario.  The Employee acknowledges, however,, that the
performance of his work and services may necessitate travel throughout North America
on an occasional basis.

 

ARTICLE — COMPENSATION AND BENEFITS

 

3.1                                 Base Salary

 

(a)           The Corporation will pay the Employee an
annual base salary of $235,000 (the “Annual Salary”).  Such salary will be payable semi-monthly in
arrears by direct deposit on the 15th and the last day of each
month.  The Annual Salary shall increase
to $245,000 following the completion by the Employee of six (6) months of
employment following the Effective Date.

 

(b)           In addition the Corporation shall pay to the
Employee: (i) $25,000 as a one-time signing
bonus; and (ii) $15,00 in consideration for the Employee spending, period
to the Effective Date, twenty five (25) hours in preparation for the role of
Chief Financial Officer, and fifty (50) hours working on the transition with
the interim Chief Financial Officer (each of the amounts in (i) and (ii), a “Signing Amount”),
each of the Signing Amount to be payable on the Employee’s first paycheque following the Effective Date.

 

3.2                                 Benefits

 

The
Employee will be entitled to participate in the group health, disability,
death, pension and other employee group benefit plans and programmes
of the Corporation as described in Schedule “A” attached to this Agreement, in
accordance with their terms.  The
corporation has provided the Employee with a written summary of the terms of
such employee group benefit plans and programmes of
the Corporation, a copy of which the Employee hereby acknowledges receiving.

 

The
Corporation may, at any time and from time to time, modify, suspend, or discontinue
any or all such employee group benefit plans and programmes
generally or for any group thereof, without any obligation to replace any such
modified, suspended, or discontinued benefit with any other benefit, equivalent
or otherwise, or to otherwise compensate the Employee in respect thereof.

 

3.3                                 Vacation Leave

 

The
Employee will be entitled to four (4) weeks’ paid vacation leave during
each twelve (12) month period.  The
Employee must take his vacation leave entitlement during the respective twelve
(12) month period at a time or times reasonable for both the Corporation and
the Employee in the circumstances.  If
unused at the end of the respective twelve (12) month period or at the time the
Employee’s employment is terminated under this Agreement or otherwise, the
Corporation will pay to the Employee an amount equal to four percent (4%) of
his base salary, less any base salary that the Corporation already paid to the
Employee as a result of taking vacation leave in that same twelve (12) month
period, in lieu of any outstanding vacation leave entitlement as vacation pay.

 

 

3.4                                 Expenses

 

The
Corporation will reimburse the Employee for all reasonable travel and other
out-of-pocket expenses properly incurred by him in the course of his employment
with the Corporation in accordance with the Corporation’s expense policy in
effect from time to time.  The Employee
will provide the Corporation with appropriate statements and receipts verifying
such expenses.

 

3.5                                 Bonus Plan

 

The
Employee shall be eligible to participate in any Senior Management Bonus
Program implemented by the Corporation. 
For greater certainty, the Employee shall receive a minimum bonus for
the year 2008 calculated as twenty percent (20%) of the average Annual Salary
by the Employee for that year, should the Employee satisfy and achieve those
performance metrics and targets set for him by the Corporation, as determined
at the reasonable discretion of the President or Chief Executive Officer of the
Corporation or their designates.

 

3.6                                 Option Plan

 

The
Employee shall receive the following options to purchase shares of the
Corporation pursuant to the Corporation’s Stock Option Plan, as amended from
time to time:

 

(a)          200,000 options as of the Effective Date; and

 

(b)         100,000 options on the first anniversary of the Effective Date.

 

ARTICLE 4 — EMPLOYEE’S COVENANTS

 

4.1                                 Full Time Service

 

The
Employee will devote all of this time, attention, effort and ability to the
business and affairs of the Corporation and will well and faithfully serve the
Corporation and will use his best efforts to promote the interests of the
Corporation.

 

4.2                                 Duties and Responsibilities

 

The
Employee will duly and diligently perform all the duties assigned to him while
in the employ of the Corporation, and will truly and faithfully account for and
deliver to the Corporation all money, securities and things of value belonging
to the Corporation which the Employee may from time to time receive for, from
or on account of the Corporation.

 

4.3                                 Rules and Regulations

 

The
Employee will be bound by and will faithfully observe and abide by all the rules and
regulations of the Corporation from time to time in force which are brought to
his notice or of which he should reasonably be aware.

 

4.4                                 Confidential Information

 

(1)                                  The Employee acknowledges that, by reason of
his employment with the Corporation, he will have access to Confidential
Information.  The Employee agrees that,
during and after his employment with the Corporation, he will not disclose to
any person, firm or corporation, except in the proper course of his employment
with the Corporation, or use for his own purposes or for any purposes other
than those of the Corporation, any Confidential Information acquired by him.

 

 

(2)                                  Any breach of Section 4.4(1) by the
Employee will result in material and irreparable harm to the Corporation
although it may be difficult for the Corporation to establish the monetary
value flowing from such harm.  The
Employee therefore agrees that the Corporation, in addition to being entitled
to the monetary damages which flow from the breach, will be entitled to
injunctive relief in a court of appropriate jurisdiction in the event of any
breach by the Employee of Section 4.4(1). 
In addition, the Corporation will be relieved of any further obligation
to make any payments to the Employee or provide him with any benefits as
outlined in Section 5.3 in the event of a breach by the Employee of Section 4.4(1).

 

4.5                                 Inventions and Patents

 

The
Employee agrees that all right, title and interest in and to ay information,
trade secrets, inventions, discoveries, improvements, research materials and
databases made or conceived by the Employee alone or with others during the
course of the Employee’s employment ad relating to the business or affairs of
the Corporation shall belong exclusively to the Corporation.  The Executive hereby waives in favour of the Corporation ay and all copyright and moral
rights, and assigns to the Corporation any and all legal rights, that the
Executive may have in respect of any such materials.  The Executive agrees to execute any
assignments and/or acknowledgements as may be requested by the Corporation from
time to time, at the expense of the Corporation including for patent, copyright
and industrial design registration, without any further remuneration.  In the event that the Employee contributes to
any patentable invention arising out of or in the course of his employment with
the Corporation, any such patentable invention will be the exclusive property of
the Corporation and the Corporation will have the exclusive right to file
patent applications in the name of the Corporation in connection therewith.

 

ARTICLE 5 — TERMINATION

 

5.1                                 Termination by the Employee

 

The
Employee may terminate his employment with the Corporation at any time by giving
a Notice of Termination to the Corporation which provides for one (1) month’s
written notice.  Upon receipt of the
Notice of Termination, or at any time thereafter, the Corporation shall have
the right to elect to pay the Employee’s base salary for the remainder of the
notice period and a reasonable amount in lieu of the Employee’s benefits for
that period in lieu of such notice, and if the Corporation so elects, the
Employee’s employment shall terminate immediately upon such election.  The Employee acknowledges that such election
by the Corporation does not change the nature of the termination of the
Employee’s employment from a termination by the Employee by the Corporation.

 

5.2                                 Termination upon Death of
Employee

 

The
Employee’s employment with the Corporation terminates automatically and
immediately upon the death of the Employee, without any obligation on the
Corporation to provide any notice or payment of base salary, benefit plan
contributions or any other compensation in lieu of notice.

 

5.3                                 Termination by the Corporation
for Cause

 

The
Corporation may immediately terminate the Employee’s employment with the
Corporation at any time for cause, without any notice or payment of base
salary, benefit plan contributions or any other compensation in lieu of notice,
by giving a Notice of Termination.  For
greater certainty, any breach by the Employee of his obligations under Section 4.4
shall constitute cause under this Section 5.3.

 

5.4                                 Termination by the Corporation
during Probationary Period

 

[Intentionally
deleted]

 

 

5.5                                 Termination by the Corporation
without Cause after Probationary Period

 

(1)           The Corporation may terminate the Employee’s
employment with the Corporation at any time, without cause, by giving a Notice
of Termination to the Employee which provides for: (a) nine (9) months’
written notice if the Employee has been employed by the Corporation for one (1) year
or less; or (b) twelve (12) months written notice if the Employee has been
employed by the Corporation for longer than one (1) year.

 

(2)           Notwithstanding the foregoing, the
Corporation may in its sole discretion terminate the Employee’s employment with
the Corporation immediately upon paying to the Employee base salary in lieu of
such notice and upon making the benefit plan contributions necessary to
maintain his participation for the minimum period prescribed by law in all
benefit plans provided to the Employee by the Corporation immediately prior to
the termination of his employment.

 

(3)           The foregoing notice and/or payments shall be
deemed to include all notice of termination, or pay in lieu thereof, and
severance pay owing to the Employee pursuant to the Canada Labor
Code in respect of the termination of his employment.

 

(4)           The Corporation may deduct from the amounts
payable by it to the Employee or for his benefit pursuant to Section 5.5(2) the
amount of any employee group benefit plans and programmes,
any amounts owing to the Corporation by the Employee and all required statutory
deductions.

 

(5)           The Corporation agrees that no amounts earned
by the Employee following the Date of Termination by way of mitigation will be
deducted from or set off against any amounts or benefits to be paid or provided
to the Employee as outlined in Section 5.5.

 

5.6           Fair and Reasonable

 

The
Corporation and the Employee agree that the provisions of Article 5 are
fair and reasonable and that the amounts payable by the Corporation to the
Employee pursuant to Section 5.5 are reasonable pre-estimates of the
damages which will be suffered by the Employee in the event of the termination
of his employment with the Corporation in the circumstances set out in Section 5.5
and shall not be construed as a penalty.

 

5.7                                 Return of Property

 

Upon
any termination of his employment with the Corporation, the Employee will deliver
or cause to be delivered to the Corporation promptly all books, documents,
records, money, securities or other property, including Confidential
Information, of the Corporation of the Corporation’s affairs that are in the
possession, charge, control or custody of the Employee, including all copies of
any such books, documents, records, money, securities or other property.

 

5.8                                 No Termination Claims

 

Upon
any termination of the Employee’s employment by the Corporation in compliance
with this Agreement or upon any termination of the Employee’s employment by the
Employee, the Employee will have no action, cause of action, claim or demand
against the Corporation, any related or associated corporations or any other
person as a consequence of such termination and the Employee will be required
to sign an appropriate Release releasing the Corporation and its respective
directors, officers, employees and agents from any and all such actions, causes
of action, claims and demands.

 

5.9                                 Provisions which Operate Following
Termination

 

Notwithstanding
any termination of the Employee’s employment under this Agreement for any
reason whatsoever and with or without cause, the provisions of Sections 4.4,
4.5, 5.1, 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.8, 6.1, 6.2, 6.3 and 7.1 of this
Agreement and any other provisions of this Agreement necessary to give efficacy
thereto will continue in full force and effect following such termination.

 

 

ARTICLE 6 — NON-COMPETITION AND NON-SOLICITATION

 

6.1                                 Non-Competition

 

(1)           The Employee will not, without the prior
written consent of the Corporation, at any time for a period of nine (9) months
following the termination of the Employee’s employment under this Agreement for
whatever reason and with or without cause, either individually or in partnership
or jointly or in conjunction with any person as principal, agent, employee,
shareholder (other than a holding of shares listed on a Canadian or United
States stock exchange that does not exceed 4% of the outstanding shares so
listed) or in any other manner whatsoever carry on or be engaged in or be
concerned with or interested in or advise, lend money to, guarantee the debts
or obligations of or permit his name or any part of his name to be used or
employed by any person engaged in or concerned with or interested in, within
the Territory, the Business.

 

(2)           The Employee confirms that all restrictions
in Section 6.1(1) are reasonable and valid and that the Employee
waives all defenses to the strict enforcement of such restrictions by the
Corporation.

 

6.2                                 Non-Solicitation

 

(1)           The Employee will not, without the prior
written consent of the Corporation, during the term of his employment or at any
time for a period of nine (9) months following the termination of the
Employee’s employment under the Agreement for whatever reason and with or
without cause, either individually, or in partnership, or jointly, or in
conjunction with any person as principal, agent, employee or shareholder (other
than a holding of shares listed on a Canadian or United States stock exchange
that does not exceed four percent (4%) of the outstanding shares so listed) or
in any other manner whatsoever on his own behalf or on behalf of anyone
competing or endeavouring to compete with the
Corporation, directly or indirectly, interfere with or endeavour
to entice away from the Business of the Corporation any person that:

 

(a)                                  is a Customer of the Corporation at the Date
of Termination for whatever reason and with whom the Employee dealt during the
Employee’s employment;

 

(b)                                 was a Customer of the Corporation at any time
during the Employee’s employment at the Corporation for whatever reason and
with whom the Employee dealt during the Employee’s employment; or

 

(c)                                  has been pursued as a Prospective Customer by
or on behalf of the Corporation and in respect of whom the Corporation has not
determined to cease all such pursuit

 

nor
will the Employee engage, offer employment or engagement to or solicit the
employment or engagement of or otherwise entice away from the employment of the
Company or any of its affiliates, any individual who is employed or engaged by
the Corporation or any of its affiliates or subsidiaries whether or not such
individual would commit any breach of his contract or terms of employment or
engagement by leaving the engagement of the Corporation or any of its
affiliates or subsidiaries.

 

(2)           The Employee confirms that all restrictions
in Section 6.2(1) are reasonable and valid and that the Employee
waives all defenses to the strict enforcement of such restrictions by the Corporation.

 

(3)           Sections 6.2(1)(a), (b) and (c) are
each separate and distinct covenants, severable one from the other and if any
such covenant or covenants are determined to be invalid or unenforceable, such
invalidity or unenforceability will attach only the covenant or covenants so
determined and all other such covenants will continue in full force and effect.

 

 

6.3                                 Breach

 

Any
breach of the provision of Sections 6.1(1) or 6.2(2) by the Employee
will result in material and irreparable harm to the Corporation although it may
be difficult for the Corporation to establish the monetary value flowing from
such harm.  The Employee therefore agrees
that the Corporation, in addition to being entitled to the monetary damages
which flow from the breach, will be entitled to injunctive relief in a court of
appropriate jurisdiction in the event of any breach or threatened breach by the
Employee of any of the provisions of Sections 6.1(1) or 6.2(1). In
addition, the Corporation will be relieved of any further obligations to make
any payments to the Employee or provide him with any benefits as outlined in Section 5.3
in the event of a breach by the Employee of any of the provisions of Sections
6.1(1) or 6.2(1).

 

ARTICLE 7 — GENERAL

 

7.1                                 No Breach of Obligation to Others

 

The
Employee represents and warrants to the Corporation that in carrying out the
Employee’s work and services for the Corporation under this Agreement, the
Employee will not disclose to the Corporation any confidential information of
any third party.  The Employee represents
and warrants to the Corporation that the Employee has not brought to the
Corporation, nor will the Employee use in the performance of his work and
services with the Corporation any confidential materials or property of any
third party.  The Employee further
represents and warrants that the Employee is not a party to any agreement with
or under any legal obligation to any third party that conflicts with any of the
Employee’s obligations to the Corporation under this Agreement.

 

The
Employee agrees to defend, indemnify and hold the Corporation harmless from any
and all liability, expense or claim (including legal fees incurred with respect
thereto) by any person in any way arising out of, relating to, or in connection
with any breach of the representations and warranties in this Section 7.1.  the Employee acknowledges that a breach of
this Section7.1 by the Employee shall entitle the
Corporation to terminate the Employee’s employment for cause under Section 5.3
of this Agreement.

 

                                                7.2                                 Notices

 

Any
demand, notice or other communication (“Communication”)
to be given in connection with this Agreement will be given in writing by
personal delivery, by registered mail or by electronic means of communication
addressed to the recipient as follows:

 

To
the Corporation:

 

JumpTV Inc.

463
King Street West, #rd Floor

Toronto,
ON M5V 1K4

Attention:
General Counsel

 

To
the Employee:

 

5
Wilmar Road

Toronto,
ON M9B 3R6

 

or
such other address, individual or electronic communication number as may be
designated by notice given by either party to the other.  Any Communication given by personal delivery
will be conclusively deemed to have been given on the day of actual delivery of
the Communication and, if given by registered mail, on the third day, other than
a Saturday, Sunday or statutory holiday in Ontario, following the deposit of
the Communication in the mail and, if given by electronic Communication, on the
day of transmittal of the Communication if given during the normal business
hours of the recipient and on the business day during which such normal
business hours next occur if not given during such hours on any day.  If the party giving any Communication knows
or ought reasonably to know of any difficulties with the postal system which
might affect the delivery of mail, any such Communication may not be mailed but
must be given by personal delivery or by electronic communication.

 

 

7.3                                 Time of Essence

 

Time
will be of the essence of this Agreement.

 

7.4                                 Deductions

 

The
Corporation will deduct all statutory deductions from any amounts to be paid to
the Employee under this Agreement.

 

7.5                                 Sections and Headings

 

The
division of this Agreement into Articles and Sections and the insertion of
headings are for the convenience of reference only and will not affect the
construction or interpretation of this Agreement.  The terms “this Agreement”, “hereof”, “hereunder”
and similar expressions refer to this Agreement and not to any particular
Article, Section or other portion hereof and include any agreement or instrument
supplemental or ancillary hereto.  Unless
something in the subject matter or context is inconsistent therewith,
references herein to Articles and Sections are to Articles and Sections of this
Agreement.

 

7.6                                 Number

 

In
this Agreement words importing the singular number only will include plural and
vice versa and words importing the
masculine gender will include the feminine and neuter genders and vice versa and words importing persons will include
individuals, partnerships, associations, trusts, unincorporated organizations
and corporations and vice versa.

 

7.7                                 Currency

 

All
references to currency in this Agreement are to lawful money in Canada.

 

7.8                                 Schedules

 

The
following are the Schedules annexed hereto and incorporated by reference and
deemed to be part of this Agreement:

 

Schedule
“A” — Benefits Plans

 

7.9                                 Benefit of Agreement

 

This
Agreement will enure to the benefit of and be binding
upon the heirs, executors, administrators and legal personal representatives of
the Employee and the successors and permitted assigns of the Corporation
respectively.

 

7.10                           Entire Agreement

 

This
Agreement constitutes the entire agreement between the Employee and the
Corporation with respect to the subject matter of this Agreement and cancels
and supersedes any prior understandings and agreements between the Employee and
the Corporation with respect to the subject matter of this Agreement.  There are no representations, warranties,
forms, conditions, undertakings or collateral agreements, express, implied or
statutory between the Employee and the Corporation other than as expressly set
forth in this Agreement.

 

7.11                           Pre-Contractual Representation

 

The
Employee hereby waives any right to assert a claim based on any pre-contractual
representations, negligent or otherwise, made by the Corporation.

 

 

7.12                           Amendments and Waivers

 

No
amendments to this Agreement will be valid or binding unless set forth in
writing and duly executed by both of the parties to this Agreement.  No waiver of any breach of any provision of
this Agreement will be effective or binding unless made in writing and signed
by the party purporting to give the same and, unless otherwise provided in the
written waiver, will be limited to the specific breach waived.

 

7.13                           Severability

 

If
any provision of this Agreement is determined to be invalid or unenforceable in
whole or in part, such invalidity or unenforceability will attach only to such
provision and the remaining part of such provision and all other provisions of
this Agreement will continue in full force and effect.

 

7.14                           Governing Law

 

This
Agreement will be governed by and construed in accordance with the laws of
Canada.

 

7.15                           Attornment

 

For
the purpose of all legal proceedings this Agreement will be deemed to have been
performed in the Province of Ontario and the courts of the Province of Ontario
will have jurisdiction to entertain any action arising under this
Agreement.  The Corporation and the
Employee each hereby attorns to the jurisdiction of
the courts of the Province of Ontario provided that nothing in this Agreement
contained will prevent the Corporation from proceeding at its election against
the Employee in the courts of any other province or country.

 

7.16                           Copy of Agreement

 

The
Employee hereby acknowledges receipt of a copy of this Agreement duly signed by
the Corporation.

 

IN
WITNESS WHEREOF the parties have executed this Agreement.

 

	
   

  	
   

  	
  JUMPTV INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jordan Banks

  
	
   

  	
   

  	
  Name:

  	
  Jordan Banks

  
	
   

  	
   

  	
  Title:

  	
  CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WITNESS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Joanne Vander Burgt

  	
   

  	
  /s/ Blair R. Baxter

  
	
  Signature

  	
   

  	
  BLAIR R. BAXTER

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Joanne Vander Burgt

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