Document:

exv4w1

Exhibit 4.1

Employment Agreement

The parties to this agreement are LJ International Inc., a British Virgin Islands Company
(the “Company”) and YIH Yu Chuan (the “Executive”). The Company and the Executive hereby agree as
follows:

	1.	 	Employment and Duties
	 
	 	 	The Company shall employ the Executive and the Executive shall serve the Company as
President and Chief Executive Officer of the Company. The Executive shall use his best
efforts to promote the interests of the Company, and shall perform his duties in relation
to the Company and/or its subsidiaries (collectively “the Group”) faithfully and
diligently, consistent with sound business practices.
	 
	2.	 	Term of Employment
	 
	 	 	The Executive shall be employed by the Company under this Agreement for a period of three
(3) years commencing as of the date of this agreement.
	 
	3.	 	Remuneration and Reimbursement

	 	(A)	 	Subject to Clause 5, the Executive shall receive during the continuance
of the Appointment:

	 	(1)	 	A salary at the rate of HK$2,400,000 per annum such salary to
accrue on a day to day basis (including any sum receivable by the Executive as
director’s fee from any company in the Group) and to be payable monthly in
twelve equal installments in arrears on the last day of each calendar month
provided that if the Appointment is terminated prior to the end of a calendar
month, the Executive shall only be entitled to a proportionate part of such
salary in respect of the period of service during the relevant month up to the
date of termination. Such salary shall be adjusted on annual basis at a rate
to be determined by the Board as its absolute discretion having regard to the
operating results of the Group and the performance of the Executive.
	 
	 	(2)	 	An annual management bonus of a sum to be determined by the
Board at its absolute discretion having regard to the operating results of the
Group and the performance of the Executive during the relevant financial year
or any proportionate part thereof in which service of the Executive pursuant
to this Agreement is rendered. The management bonus shall be payable in
arrears in respect of each relevant financial year within one month after the
issue of the consolidated audited accounts of the Group for such financial
year. The amount payable to the Executive shall be decided by majority
decision of the

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	 	 	 	members of the Board present in the meeting called for that purpose provided
that the Executive shall abstain from voting and not be counted in the
quorum in respect of the resolution regarding the amount so payable to
himself.

	 	(B)	 	The Executive shall continue to receive his salary during any period of
absence on medical grounds up to a maximum of 12 weeks in any period of 12 months
provided that the Executive shall if required supply the Company with medical
certificates covering the period of absence.
	 
	 	(C)	 	The Executive shall be reimbursed all reasonable out-of-pocket
expenses (including expenses of entertainment subsistence and travelling) incurred by
him on the Group’s business which expenses shall be evidenced in such manner as the
Board may require.
	 
	 	(D)	 	The Executive will be entitled to the benefits of any medical or provident
fund scheme as maybe maintained by the Group from to time.
	 
	 	(E)	 	The Executive shall be entitled to 12 working days paid vacation each year.

	4.	 	Other Benefits
	 
	 	 	The Executive shall be entitled, during the continuance of the Executive’s engagement
hereunder, to the use of a motor car and the Company shall pay all vehicle registration
fees, taxes and insurance premiums in respect of the car and shall pay or reimburse
against receipts all maintenance, repair and other running costs in respect of the car and
the cost of petrol.
	 
	5.	 	Termination of the Appointment

	 	(A)	 	Without prejudice to the accrued rights (if any) or remedies of either
party under or pursuant to this Agreement:

	 	(1)	 	the Executive shall be entitled to terminate the Appointment by two months’
notice in writing to the Company if any money payable by the Company to the Executive
under or pursuant to this Agreement is not paid in full by the Company to the
Executive within a period of 30 days from any written demand by the Executive for the
payment thereof;
	 
	 	(2)	 	the Company shall be entitled to terminate the Appointment without any
compensation to the Executive:

	 	(a)	 	by not less than three months’ notice in writing given at
any time while the Executive shall have been incapacitated or prevented by
reason of ill health, injury or accident from performing his duties hereunder
for a period of or periods aggregating 90 days in the proceeding 12 months
provided that if at any time during the currency of a notice given pursuant
to this sub-paragraph the Executive shall provide a medical certificate
satisfactory to the Board to

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	 	 	 	the effect that he has fully recovered his physical and/or mental health and that
no recurrence of illness or incapacity can reasonably be anticipated the Company
shall withdraw such notice; or
	 
	 	(b)	 	by summary notice in writing if the Executive shall at any time:

	 	i.	 	commit any serious or persistent breach of any of the
provisions herein contained (and to the extent that such breach is capable of
remedy shall fail to remedy such breach within 60 days after within warning
given by the Board);
	 
	 	ii.	 	be guilty of any given misconduct or willful neglect in the
discharge of his duties (and to the extent that such breach is capable of
remedy shall fail to remedy such breach within 60 days after written warning
given by the Board);
	 
	 	iii.	 	become bankrupt or have a receiving order made against him; 
	 
	 	iv.	 	become a lunatic or of unsound mind;
	 
	 	v.	 	absent himself from the meetings of the Board during a
continuous period of three months, without special leave of absence from the
Board, and his alternate director (if any) shall not during such period have
attended in his stead;
	 
	 	vi.	 	become prohibited by law from acting as a director;
	 
	 	vii.	 	be guilty of conduct tending to bring himself or any company in
the Group into disrepute;
	 
	 	viii.	 	be prohibited by law from fulfilling his duties hereunder; or
	 
	 	ix.	 	be convicted of any criminal offence (other than an offence
which in the reasonable opinion of the Board does not effect his position as a
director of the Company).

	 	(B)	 	If the Company becomes entitled to terminate the Appointment pursuant to sub-clause
(A)(2)(b) it shall be entitled (but without prejudice to its right subsequently to terminate
the Appointment on the same or any other ground) to suspend the Executive without payment of
salary in full or in part for so long as it may think fit.
	 
	 	(C)	 	If the Executive shall have refused or failed to agree to accept without reasonable grounds
an appointment offered to him on terms no less favourable to him than the terms in effects
under this Agreement, either by a company which has acquired or agreed to acquire the whole or
substantially the whole of the undertaking and assets of the Company or which shall own or has
agreed to acquire the whole or not less than 90% of the issued share capital of the Company,
the Executive shall

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	 	 	 	have no claim against the Company by reason of the subsequent voluntary winding up
of any company in the Group or of the disclaimer or termination of this Agreement
by the Company within three months after such refusal or failure to agree.
	 
	 	(D)	 	On the termination of the Appointment howsoever arising the Executive shall :

	 	(1)	 	at any time and from time to time thereafter at the request
of the Company resign from office as a director of the Company and all offices
held by him in any company in the Group and shall transfer without payment to
the Company or as the Company may direct any qualifying shares provided by it
or any shares held by the Executive as nominee for the Company or any company
in the Group provided by it and the Executive hereby irrevocable appoints the
Company to be his attorney and in his name and on his behalf to sign and do
any documents or things necessary or requisite to give effect thereto and a
certificate in writing signed by any director or by the secretary of the
Company that any instrument or act falls within the authority hereby conferred
shall be conclusive evidence that such is the case and any third party shall
be entitled to rely on such certificate without further enquiry provided
however that such resignation or resignations shall be given and accepted on
the footing that it is or they are without prejudice to any claims which the
Executive may have against any such company or which any such company may have
against the Executive arising out of this Agreement or of the termination of
the appointment; and
	 
	 	(2)	 	forthwith deliver to the Company all books, documents,
papers, materials, credit cards (if any) and other property of or relating to
the business of the Group which may then be in his possession or under his
power or control.

	 	(E)	 	Save as expressly provided herein, neither party may terminate this Agreement.

	6.	 	Confidentiality
	 
	 	 	The Company shall not, at any time during or after his employment under this agreement,
disclose to any third party, except in the performance of his duties under this agreement,
any confidential information regarding the Company’s customers, suppliers, trade secrets
or business. The Executive shall return all tangible evidence of such confidential
information to the Company prior to or at the termination of his employment.
	 
	7.	 	Waiver

	 	(A)	 	Time is of the essence of this Agreement but no failure or delay on the part
of either party to exercise any power, right or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise by either party of any
power, right or remedy preclude any other or further exercise thereof or the exercise
of any other power, right or remedy by that party.

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	 	(B)	 	The remedies provided herein are cumulative and are not exclusive of any
remedies provided by law.

	8.	 	Former Service Agreements
	 
	 	 	This agreement contains a complete statement of all the arrangements between the parties
with respect to its subject matter, supersedes all existing and former agreements between
them with respect to that subject matter, may not be changed or terminated orally and any
amendment or modification must be in writing and signed by the party to be charged.
	 
	9.	 	Notices
	 
	 	 	All notices, requests, demands, consents or other communications to or upon the parties
under or pursuant to this Agreement shall be in writing addressed to the relevant party at
such party’s address set out below (or at such other address as such party may hereafter
specify to the other party) and shall be deemed to have been duly given or made :-

	 	(A)	 	in the case of a communication by letter 48 hours after despatch or, if such
letter is delivered by hand, on the day of delivery;
	 
	 	(B)	 	in the case of communication by telex or facsimile, when sent.

	 
	 	 	 	 	The Company’s address :
	 
	 	 	 	 	Unit 12, 12/F., Block A, Focal Industrial Centre

21 Man Lok Street, Hunghom

Kowloon, HONG KONG
	 
	 	 	 	 	The Executive’s address :
	 
	 	 	 	 	House No. K80, Stage IV,
Marina Cove, Sai Kung

HONG KONG

	10.	 	Assignability
	 
	 	 	This Agreement shall be binding upon and ensure to the benefit of each party hereto and
its successors and assigns and personal representatives (as the case may be), provided
always that the Executive may not assign his obligations and liabilities under this
Agreement without the prior written consent of the Company.
	 
	11.	 	Relationship
	 
	 	 	None of the provisions of this Agreement shall be deemed to constitute a partnership or
joint venture between the parties for any purpose.

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	12.	 	Amendment
	 
	 	 	This Agreement may not be amended, supplemented or modified except by a written agreement
or instrument signed by or on behalf of the parties hereto.
	 
	13.	 	Severability
	 
	 	 	Any provision of this Agreement prohibited by or unlawful or unenforceable under any
applicable law actually applied by any court of competent jurisdiction shall, to the extent
required by such law, be severed from this Agreement and rendered ineffective so far as is
possible without modifying the remaining provisions of this Agreement. Where, however, the
provisions of any such applicable law may be waived, they are hereby waived by the parties
to the full extent permitted by such law to the end that this Agreement shall be a valid
and binding agreement enforceable in accordance with its terms.
	 
	14.	 	Law and Jurisdiction
	 
	 	 	This Agreement shall be governed and construed in all respects in accordance with the laws
of the British Virgin Islands and the parties hereby submit to the non-exclusive
jurisdiction of the courts of the British Virgin Islands.

IN WITNESS whereof this Agreement has been duly executed the 1st day of January, 2010.

	 	 	 
	Signed by
	 	 
	 
	 	 
	For and on behalf of

LJ INTERNATIONAL INC.
	 	 
	 
	 	 
	Alfonsa AU 
	 	 
	Authorized Signature(s)
	 	 
	 
	 	/s/
YIH Yu Chuan 
	 

	 	 
	LJ International Inc.

	 	YIH Yu Chuan

6exv10w22

Exhibit 10.22

Private & Confidential

This Agreement is dated for reference as of March 24, 2010.

To: John E. Currie

Dear Mr. Currie:

Re: Executive Employment Agreement

In accordance with our mutual agreement to amend the terms and conditions of your employment with
lululemon athletica canada inc., and in consideration of the mutual covenants set out herein, this
Agreement contains the terms and conditions on which your employment will continue. This Agreement
will take effect as of the Effective Date and will continue until terminated in accordance with its
terms.

If you accept continued employment on the terms and conditions set out below, please execute this
Agreement where indicated and return it to Christine M. Day.

ARTICLE 1 — INTERPRETATION

1.01 Definitions

          In this Agreement, unless something in the subject matter or context is inconsistent
therewith:

“Affiliate” has the meaning attributed to such term in the Canada Business Corporations Act and
includes each direct and indirect subsidiary of the Company and any other entities, including joint
ventures and franchises, in which the Company has an interest.

“Agreement” means this agreement, including its recitals and schedules, as amended from time to
time in accordance with section 7.04.

“Base Salary” has the meaning attributed to such term in Section 3.01(1).

“Board” means the board of directors of the Company in office from time to time.

“Bonus Plan” means Company’s Executive Bonus Plan as amended by the Company from year to year.

“Business” means all the business and activities from time to time carried on by the Company and
its Affiliates, including, without limitation, the design, retail and wholesale of technical
athletic apparel.

“Cause” means an act or failure to act which would constitute cause at common law, and includes any
of the following conduct by, or authorized or permitted by, the Executive: violation of any
contractual or common law duty to the Company; unlawful activity; activity contrary to

 

 

professional or ethical standards; or breach of the terms and conditions of this Agreement which
amount to just cause at common law.

“Company”
means lululemon athletica canada inc.

“Effective Date” of this Agreement means March 24, 2010.

“Executive”
means John E. Currie of 2285 Clark Drive, Vancouver, B.C.

“Option Agreements” has the meaning given to it in Section 3.03.

“Plan” means the Company’s 2007 Equity Incentive Plan.

“Termination Date” has the meaning given to it in Section 5.01.

ARTICLE 2 — EMPLOYMENT

2.01 Employment

     (1) Subject to the terms and conditions of this Agreement, the Company will, commencing on the
Effective Date, continue to employ the Executive in the position of Executive Vice-President and
Chief Financial Officer on the terms and conditions set out herein.

     (2) The Executive will report to the Chief Executive Officer.

     (3) The Executive will have the powers and authority to perform the duties and functions of an
Executive Vice-President and Chief Financial Officer of a corporation, subject always to the
control and direction of the Chief Executive Officer.

2.02 Review

          The Executive and the Company agree that they will review the terms and conditions of the
Executive’s employment annually and recommend changes, if any, to this Agreement to be made only
upon mutual written agreement.

2.03 Directorships

     (1) During the Executive’s employment with the Company, the Executive agrees to serve, if
asked, as a director and/or officer of one or all subsidiaries of the Company. The Executive
acknowledges that, to the extent the Executive serves as a director or officer of any such entity,
the Executive will do so without any additional remuneration but will be entitled to receive a
suitable indemnity for any liability from any such entity. The Company shall provide director and
officer insurance.

     (2) Notwithstanding any provision of this Agreement or any other agreement or document to the
contrary, the Executive will be deemed to have resigned as a director and officer of all
subsidiaries of the Company contemporaneously with the date of termination of the

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Executive’s employment by the Company and will, immediately on request by the Company, sign
any and all documents necessary to give effect to or confirm such resignation.

     (3) The Executive may serve as a director of a maximum of two (2) entities which are unrelated
to the Company, provided the Executive receives written approval of the Chief Executive Officer in
advance of accepting such other directorships.

2.04 Term

          The term of this Agreement and the Executive’s employment under this Agreement will commence
on the Effective Date and will continue for an indefinite period, subject to termination in
accordance with the terms of this Agreement.

2.05 Place of Employment

     (1) When not travelling, the Executive will perform his work and services for the Company at
the principal executive offices of the Company in Vancouver, British Columbia, and the Executive
will reside within a reasonable daily commuting distance of such place of employment.

     (2) The Executive acknowledges that the performance of his duties and functions will
necessitate frequent travel to other places.

ARTICLE 3 — REMUNERATION AND BENEFITS

3.01 Base Salary

     (1) The Company will pay the Executive a base salary (the “Base Salary”) in the amount of
CAD$400,000 per annum. Such Base Salary will be payable in 26 equal instalments during each year
of employment, in accordance with the Company’s usual payroll practices and dates, in arrears by
direct deposit, and subject to deductions required by law or authorized by the Executive.

     (2) The Chief Executive Officer or a committee of the Board thereof will review the Base
Salary annually. The Company will not be under any obligation to increase Base Salary, but in no
case will it decrease.

3.02 Bonuses

          The Executive will be eligible to receive an annual bonus pursuant to the terms and conditions
of the Bonus Plan. The Executive’s bonus target under the Bonus Plan shall be 60% of Base Salary.
The Executive acknowledges that he has been provided with a copy of the Bonus Plan and that he
understands and accepts each of the terms and conditions thereof.

3.03 Stock Options

          The Executive shall retain the options to purchase shares granted to him prior to this
Agreement pursuant to the terms and conditions of the Plan and the applicable Option

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Agreements
(the “Option Agreements”). The Board may in its sole discretion consider further grants on an
annual basis based on performance.

3.04 Benefits

          The Executive will be entitled to participate in all of the Company’s benefit plans generally
available to its senior executives from time to time, including and without limitation, health,
disability and death, subject to and in accordance with the terms and conditions of the applicable
plans, subject to any express limitations by this Agreement or unless a greater benefit is
expressly provided to the Executive under this Agreement. The Executive acknowledges that he has
been provided with a summary of the current benefit plans and that he understands and accepts each
of the terms and conditions thereof. The Executive further acknowledges that the Company may amend
or terminate the benefit plans from time to time.

3.05 Vacation

          The Executive will be entitled to four (4) weeks paid vacation each year. Such vacation
entitlement will be pro-rated for any part of a year. The Executive will take such vacation at
times having regard to the best interests of the Company. The Executive may carry forward unused
vacation time only with the prior written approval of the Chief Executive Officer, and in any event
may not carry forward more than two (2) weeks to each subsequent year. Except as may be required
by applicable employment standards legislation, the Executive will lose the entitlement to unused
vacation.

3.06 Expenses

          The Company will reimburse the Executive for all reasonable out-of-pocket expenses properly
incurred by him in the course of the Executive’s employment with the Company, in accordance with
the Company’s expense reimbursement policy in effect as at the date the Executive incurs any such
expenses. The Executive will provide the Company with appropriate statements and receipts
verifying such expenses as the Company may require.

3.07 Executive Perquisites

          The Executive will be eligible to participate in any fringe benefit or perquisite that the
Company provides to other senior executives of the Company to the same extent that other senior
executives are eligible to participate and subject to the terms and conditions of such fringe
benefits or perquisites.

ARTICLE 4 — EXECUTIVE’S COVENANTS

4.01 Full Time Service

          The Executive will devote all of his time, attention and effort to the business and affairs of
the Company, and will well and faithfully serve the Company and will use his best efforts to
promote the interests of the Company and its Affiliates.

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4.02 Duties and Responsibilities

          The Executive will duly and diligently perform all of the duties assigned to him while in the
employ of the Company provided such duties and responsibilities are consistent and commensurate
with Executive’s position of Executive Vice President and Chief Financial Officer.

4.03 Policies, Rules and Regulations

          The Executive will be bound by and will faithfully observe and abide by all of the policies,
rules and regulations of the Company from time to time in force which are applicable to senior
executives of the Company and which are brought to his notice or of which he should reasonably be
aware.

4.04 Conflict of Interest

          The Executive will refrain from any situation in which the Executive’s personal interest
conflicts, or may appear to conflict, with the Executive’s duties with the Company. The Executive
acknowledges that if there is any doubt in this respect, the Executive will inform the Board and
obtain written authorization.

4.05 Restrictive Covenants

          Executive agrees to be bound by the terms and conditions of the Non-Compete, Non-Solicitation
and Non-Disparagement Agreement (the “Non-Competition Agreement”) between the Company and the
Executive, a copy of which is attached to this Agreement as Schedule A and is incorporated by
reference and deemed to be a part of this Agreement.

ARTICLE 5 — TERMINATION

5.01 Termination by the Company

          The Company may terminate the Executive’s employment with the Company at any time by giving
notice in writing to the Executive and stipulating the last day of employment (the “Termination
Date”).

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5.02 Termination by the Executive

          The Executive may terminate his employment with the Company at any time by giving the Company
thirty (30) days notice in writing (the “Notice of Resignation Period”). The Company may waive
such notice, in whole or in part, in which case the Executive shall only be entitled to (i) payment
of the Executive’s Base Salary for the period from the effective date of the waiver of the Notice
of Resignation Period to the end of the Notice of Resignation Period; (ii) continued group benefit
coverage under Section 3.04, subject to and in accordance with the terms and conditions of the
applicable plans, for the period ending the last day of the Notice of Resignation Period; (iii) the
value of the pro-rated vacation leave with pay for that portion of the calendar year up to the end
of the Notice of Resignation Period, and (iv) any payments or entitlements under the Plan or the
Bonus Plan that the Executive would otherwise receive during the Notice of Resignation Period.

5.03 Payments on Termination by Company Without Cause

          If the Executive’s employment with the Company is terminated by the Company without Cause, the
Executive shall be entitled to receive reasonable notice of termination, or compensation in lieu of
reasonable notice of termination, or any combination thereof.

5.04 Payments on Termination by Company for Cause

          If the Executive’s employment with the Company is terminated by the Company for Cause, the
Executive will only be entitled to receive the following compensation:

	 	(a)	 	Accrued Base Salary. The Company will pay the Executive his Base
Salary accrued but unpaid up to and including the Termination Date, including accrued
vacation pay, at the rate in effect at the time the notice of termination is given.
	 
	 	(b)	 	Accrued Expenses. The Company will reimburse the Executive for any
business expenses reasonably incurred by the Executive up to and including the
Termination Date in accordance with the Company’s normal expenses policy applicable to
the Executive at that time.
	 
	 	(c)	 	Bonus Compensation. The Executive shall not receive any bonus payment
whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is
already earned and due to be paid up to and including the Termination Date.
	 
	 	(d)	 	Stock Options. The Executive’s rights regarding any stock options will
be governed by the terms of the Plan and the applicable Option Agreements.

5.05 Return of Property

          Upon termination of his employment with the Company, the Executive will deliver or cause to be
delivered to the Company promptly all books, documents, money,

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securities or other property of the Company that are in the possession, charge, control or
custody of the Executive.

5.06 Resignation as Director and Officer

          Upon any termination of the Executive’s employment under this Agreement, the Executive will
sign forms of resignation indicating his resignation as a director and officer of the Company and
any subsidiaries or Affiliates of the Company and of any other entities of which the Executive
occupies similar positions as part of or in connection with the performance by the Executive of his
duties under this Agreement, if applicable.

5.07 Provisions which Operate Following Termination

          Notwithstanding any termination of the Executive’s employment under this Agreement for any
reason whatsoever and with or without cause, all provisions of this Agreement necessary to give
efficacy thereto, including without limitation the Non-Competition Agreement, will continue in full
force and effect following such termination.

ARTICLE 6 — ARBITRATION

6.01 Arbitration

          Except as otherwise specifically provided by this Agreement, all disputes or differences
between the Executive and the Company, statutory or otherwise, will be resolved by arbitration in
the City of Vancouver or any other mutually agreeable location in accordance with the rules of
arbitration of the British Columbia International Commercial Arbitration Center’s Shorter Rules for
Domestic Arbitrations, including but not limited to disputes or differences relating to the terms
or termination of the Executive’s employment. The Arbitrator shall have the power to order costs
in favour of the successful party. The Company or the Executive may, without waiving their
respective rights to compel arbitration, seek injunctive or other provisional relief from a court
of competent jurisdiction in aid of arbitration, to prevent any arbitration award from being
rendered ineffectual, to enforce the Non-Competition Agreement, and for any other purposes in the
interests of the Company or the Executive.

ARTICLE 7 — MISCELLANEOUS

7.01 Deductions

          The Company will deduct all statutory deductions and any amounts authorized by the Executive
from any amounts to be paid to the Executive under this Agreement.

7.02 Entire Agreement

          This Agreement, including the Schedules to this Agreement, the Bonus Plan, the Plan, the
Non-Competition Agreement and the Option Agreements, constitutes the entire agreement between the
parties with respect to the subject matter of this Agreement and cancels and supersedes any prior
understandings and agreements between the parties to this Agreement
with respect to the subject matter of this Agreement, including but without limitation, the
letter

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of employment between the Executive and the Company dated December 20, 2006, and any rights
which the Executive may have by reason of any such prior agreements. There are no representations,
warranties, forms, conditions, undertakings or collateral agreements, express, implied or statutory
between the parties other than as expressly set forth in this Agreement.

7.03 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 or part of such
provision and the remaining part of such provision and all other provisions of this Agreement will
continue in full force and effect.

7.04 Amendments and Waivers

          No amendment to this Agreement will be valid or binding unless set forth in writing and duly
executed by both of the parties. 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.

7.05 Notices

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

          To the Company:

lululemon
athletica canada inc.

2285 Clark Drive

Vancouver, BC

V5N 3G9

Attention: Chief Executive Officer

          To the Executive:

John
E. Currie

2285 Clark Drive

Vancouver, B.C.

V5N 3G9

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          or such other address, individual or electronic communication number as may be designated by
notice given by either party to the other.

7.06 Governing Law

          This Agreement will be governed by and construed in accordance with the laws of the Province
of British Columbia and the laws of Canada applicable therein.

7.07 Attornment

          For the purpose of all legal proceedings this Agreement will be deemed to have been performed
in the Province of British Columbia. Subject to section 6.01 the courts of the Province of British
Columbia will have jurisdiction to entertain any action arising under this Agreement and the
Company and the Executive each hereby attorns to the jurisdiction of the courts of the Province of
British Columbia.

7.08 Legal Fees

          Upon presentation of receipts, Company will reimburse Executive his legal fees associated with
the negotiation, drafting and enforcement of this Agreement to a maximum amount of $5,000.

Yours truly,

lululemon athletica inc.

	 	 	 	 	 
	By:

	 	/s/ Christine M. Day 

	 	 
	Christine M. Day	 	 
	Chief Executive Officer	 	 

SIGNED, SEALED AND DELIVERED

in the presence of:

	 	 	 	 	 	 	 
	/s/
David Negus 

Witness Signature

	 	 
	 	/s/ John E. Currie 

JOHN E. CURRIE
	 	 
	 
	 	 	 	 	 	 
	March
24, 2010 

	 	 	 	 	 	 

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SCHEDULE A

Non-Compete, Non-Solicitation and Non-Disparagement Agreement

     IN ACCORDANCE WITH the letter of employment between the Company and the Executive dated March
24, 2010 (the “Employment Agreement”) and the terms and conditions of employment set out therein;

     AND IN CONSIDERATION OF the payment of good and valuable consideration by the Company to the
Executive as set out in Employment Agreement, the receipt and sufficiency of which is hereby
acknowledged, the Executive covenants, warrants and agrees as follows:

CONFIDENTIALITY

	1.	 	For the purposes of this agreement (the “Agreement”), “Confidential Information” means
information disclosed to or known by the Executive as a consequence of or through his
employment with the Company and not otherwise known in the industry in which the Company is
engaged, about the Company’s or any of its subsidiaries’ products, operations, research,
processes or services, including but not limited to information relating to research,
development, inventions, copyrights, patents, licences, manufacture, production, distribution,
purchasing, accounting, financing, engineering, marketing, merchandising, selling, or other
technical or business information or trade secrets of the Company or its subsidiaries, or
about any of the Company’s or its subsidiaries’ customers, suppliers, vendors or business
affiliates. The term “Confidential Information” also includes any information that the
Company has received from others that the Company is obligated to treat as confidential or
proprietary. All information described above in this section shall be considered Confidential
Information and shall be the sole property of the Company and the Company’s assigns.
	 
	2.	 	The Executive will not directly or indirectly use, disseminate or disclose any Confidential
Information for his own benefit or the benefit of any other person or entity. The Executive
will take all necessary precautions against unauthorized disclosure of the Confidential
Information.
	 
	3.	 	If the Executive is requested or ordered by law to disclose any Confidential Information, he
will advise the Company forthwith of such request or order and provide to the Company all
information concerning such request or order and the opportunity for the Company to object or
intervene, prior to making any disclosure of Confidential Information.

ASSIGNMENT OF INNOVATIONS

	4.	 	The Executive will make prompt and full disclosure to the Company, will hold in trust for the
sole benefit of Company, and will assign exclusively to the Company, all his right, title and
interest in and to any and all innovations, discoveries, designs, developments, improvements,
copyrightable material and trade secrets (collectively “Innovations”) that he, solely or
jointly, may conceive, develop or reduce to practice during the period of time he is employed
by the Company (a “Company Innovation”). To the extent any of

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	 	 	the rights, title and interest in any Company Innovation cannot be assigned by his to the
Company, the Executive hereby grants to the Company an exclusive, royalty-free,
transferable, irrevocable, worldwide license (with rights to sublicense through multiple
tiers of sublicensees) to practice such rights, title and interest. Finally, to the extent
any of the rights, title and interest can be neither assigned nor licensed, the Executive
hereby irrevocably waives and agrees never to assert such rights, title and interest against
the Company or any of the Company’s successors in interest to such rights. This Article 4
(Assignment of Innovations) shall be construed to apply to all Company Innovations with
which the Executive is involved from this date forward, as well as all Company Innovations
with which the Executive has been involved since his employment with the Company began.

	5.	 	Exhibit A (“Prior Innovations”), which is attached hereto and incorporated by this
reference, is a list describing all Innovations belonging to the Executive and made by him
prior to his employment with the Company that he wishes to have excluded from this Agreement
(“Prior Innovations”). If there is no list on Exhibit A, the Executive represents that there
are no Prior Innovations. If in the course of his employment at the Company, the Executive
uses or incorporates into a Company product, process, or machine an Innovation owned by him or
in which he has an interest, the Company is hereby granted and shall have an exclusive,
royalty free, irrevocable, worldwide license to make, have made, use, and sell that Innovation
without restriction as to the extent of the Executive’s ownership or interest.
Notwithstanding the foregoing, the Executive agrees that he will not incorporate, or permit to
be incorporated, any Innovation owned by him into any Company Innovation without the Company’s
prior written consent.
	 
	6.	 	Cooperation. The Executive will execute any proper oath or verify any proper
document in connection with carrying out the terms of this Agreement. If, because of his
mental or physical incapacity or for any other reason whatsoever, the Company is unable to
secure the Executive’s signature to apply for or to pursue any application process concerning
Innovations assigned to the Company as stated above, the Executive hereby irrevocably
designates and appoints the Company and its duly authorized officers and agents as his agent
and attorney in fact, to act for him and on his behalf to execute and file any such
applications and to do all other lawfully permitted acts to further the prosecution and
issuance of all appropriate procedures thereon with the same legal force and effect as if
executed by him. The Executive will testify at the Company’s request and expense in any
interference, litigation, or other legal proceeding that may arise during or after his
employment.

NON-DISPARAGEMENT

	7.	 	The Executive undertakes and covenants that he will permanently refrain from directly or
indirectly disclosing, expressing, publishing or broadcasting, or causing to be disclosed,
expressed, published or broadcast, or otherwise disseminated or distributed in any manner, in
his own name, anonymously, by pseudonym or by a third party, to any person whatsoever, any
comments, statements or other communications (the “Statements”), which a reasonable person
would regard as reflecting adversely on the character,
reputation or goodwill of the Company or any of its subsidiaries or any of its or their

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	 	 	employees, officers, directors, investors, shareholders or agents, or which a reasonable
person would regard as reflecting adversely on their publications, products, or services,
and without limiting the generality of the foregoing, such Statements shall not be made by
means of oral communications, press releases, articles, letters, telephone calls, telephone
messages, e-mail messages, or in postings on the Internet on websites, or to newsgroups or
to listservers.

NON-COMPETITION AND NON-SOLICITATION

	8.	 	For the purposes of this Release, “Competing Business” means:

	 	(a)	 	the design, manufacture or distribution of active lifestyle apparel and
accessories (including, without limitation, yoga and other athletic apparel and
accessories); and
	 
	 	(b)	 	any other business activity the same as or in direct competition with business
activities carried on or being definitively planned by the Company or its affiliates as
of the date of the Executive’s termination of employment with the Company.

	9.	 	The Executive covenants that for a period of twelve (12) months following the termination of
his employment for any reason, including his resignation, the Executive will not do any of the
following, directly or indirectly, whether individually or in conjunction with any other
person or entity:

	 	(a)	 	engage or participate in any Competing Business in the United States or Canada;
	 
	 	(b)	 	become interested in (as owner, stockholder, lender, partner, co-venturer,
director, officer, employee, agent or consultant) any person, firm, corporation,
association or other entity engaged in a Competing Business. Notwithstanding the
foregoing, the Executive may hold the outstanding securities of any class of any
publicly-traded securities of any company;
	 
	 	(c)	 	influence or attempt to influence, or solicit, any employee, consultant,
supplier, licensor, licensee, contractor, agent, strategic partner, distributor,
customer or other person to terminate or modify any written or oral agreement,
arrangement or course of dealing with the Company or its affiliates; or
	 
	 	(d)	 	solicit for employment, employ or retain (or arrange to have any other person
or entity employ or retain) any person who is at such time employed or retained by the
Company or its affiliates or has been employed or retained by the Company or its
affiliates within the preceding twelve (12) months.

REASONABLENESS OF OBLIGATIONS

	10.	 	The Executive acknowledges that the Company competes on a worldwide basis and that the
geographical scope of the limitations in paragraphs 8 and 9 above are reasonable and
necessary for the protection of the Company’s trade secrets, business interests, and other
Confidential Information. The Executive confirms that the obligations in paragraphs 8

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	 	 	and 9
above are reasonably necessary for the protection of the Company and its stockholders and,
given the Executive’s knowledge and experience, will not prevent the Executive from being
gainfully employed.

MISCELLANEOUS

	11.	 	Upon termination of his employment, or at any time at the Company’s request before
termination, the Executive will promptly (but no later than five (5) days after the earlier of
the termination of his employment or the Company’s request) return to the Company all papers,
drawings, notes, memoranda, manuals, specifications, designs, devices, documents, diskettes
and tapes, and any other material on any media containing or disclosing any confidential or
proprietary, technical or business information, as well as any keys, pass cards,
identification cards or other property belonging to the Company. The Executive will submit a
written certification of his compliance with his obligations under this Section 11 at the same
time.
	 
	12.	 	The Executive has read and understood this Agreement and has had a reasonable opportunity to
obtain independent legal advice prior to signing it.
	 
	13.	 	This Agreement will be governed by and construed in accordance with the laws of the Province
of British Columbia and the laws of Canada applicable in British Columbia.
	 
	14.	 	The Executive acknowledges and agrees that a breach of his obligations under this Agreement
would result in damages to the Company that could not be adequately compensated for by
monetary award. Accordingly, in the event of any such breach by the Executive, in addition to
all other remedies available to the Company at law or in equity, the Company will be entitled
as a matter of right to apply to a court of competent jurisdiction for such relief by way of
restraining order, injunction, decree or otherwise, as may be appropriate to ensure compliance
with the provisions of this Agreement.

IN WITNESS WHEREOF the parties have executed this Agreement.

SIGNED, SEALED AND DELIVERED

	 	 	 	 	 	 	 
	 	 	/s/ John E. Currie 	 	 
	 	 	John E. Currie	 	 
	 
	 	 	 	 	 	 
	 	 	lululemon athletica
canada inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Christine M. Day	 	 
	 

	 	 	 	 

	 	 

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EXHIBIT A

PRIOR INNOVATIONS

None.

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