Document:

EX 10.1 - 5.14.15

Exhibit 10.1

May 12, 2015

OFFER LETTER

David Raissipour

Dear David,

It is a pleasure to offer you a position on the Carbonite team! This Offer Letter serves to confirm the details of our employment offer as follows:

	
			
	Position:
	Senior Vice President, Product and Engineering 

	 
	 
	 

	Status:
	Full-time, Regular, Exempt

	 
	 
	 

	Reporting to:
	Chief Executive Officer

	 
	 
	 

	Compensation:
	Base salary of $13,125 semi-monthly, which is the equivalent of $315,000 annually, paid in accordance with the Company’s normal payroll procedures.  

All forms of compensation which are referred to in this offer letter are subject to reduction to reflect applicable withholding, payroll and other required taxes and deductions. Please note that Carbonite may modify salaries and benefits from time to time as it deems necessary.

	 
	 
	 

	Bonus:
	You will be eligible for an incentive bonus of 45% of your base salary. The timing and amount of any bonus is subject to the discretion and approval of the Compensation Committee of the Board of Directors.  

	 
	 
	 

	Benefits:
	See Appendix A

	 
	 
	 

	Equity:
	38,425 Restricted Stock Units of Carbonite’s common stock, vesting over four years with 25% vesting on your first anniversary of employment and the balance vesting in equal annual installments thereafter. All equity grants described in this Section are subject to approval by Carbonite’s Board of Directors and the specific terms of the equity will be governed by Carbonite’s stock incentive plan.

	 
	 
	 

	Acceleration of Options:
	If during the first twelve months after a Change of Control (as defined in the 2011 Equity Award Plan) you are terminated without cause or if you voluntarily resign from the company due to “Constructive Termination” (as defined in your existing option agreements), then 100% of your then-unvested equity shall vest immediately prior to the termination date.  
 

	 
	 
	 

	
			
	Severance:
	During your first year of employment only, if you are terminated without Cause (as defined below) or are Constructively Terminated (as defined in your existing option agreements), you will be entitled to receive a payment amount equal to (and payable pro rata over such 3 month period following termination) (i) three times your then current monthly base salary and (ii) three times the monthly amount that the Company paid for your participation in the Company’s health insurance plan during the month immediately preceding your termination date, subject to any and all conditions and qualifications contained in this letter.

After your first year of employment, if you are terminated without Cause (as defined below) or are Constructively Terminated (as defined in your existing equity agreements), you will be entitled to receive a payment amount equal to (and payable pro rata over such 6 month period following termination) (i) six times your then current monthly base salary and (ii) six times the monthly amount that the Company paid for your participation in the Company’s health insurance plan during the month immediately preceding your termination date, subject to any and all conditions and qualifications contained in this letter.

“Cause” shall mean (1) willful misconduct in connection with your employment or willful failure to perform your responsibilities in the best interests of the Company, as determined by the Company; (2) conviction of, or plea of nolo contendre or guilty to, a felony under the laws of the United States or any State; (3) any act of fraud, theft, embezzlement or other material dishonesty by you which harmed the Company; (4) intentional violation of a federal or state law or regulation applicable to the Company’s business which violation was or is reasonably likely to be injurious to the Company, or (5) repeated failure to perform your duties and obligations of your position with the Company which failure is not cured within 30 days after notice of such failure from the Company to you.

The foregoing amounts shall be made in accordance with the Company's normal payroll practices; provided, however, that the Company shall not make any severance payments unless and until (x) you execute and deliver to the Company a general release in substantially the form attached here at Appendix B (the “Release”), (y) such Release is executed and delivered to the Company within twenty-one (21) days after your termination date and (z) all time periods for revoking the Release have lapsed.  If you are terminated during the month of December of any calendar year and are owed severance hereunder, no severance payments shall be made prior to January 1st of the next calendar year and any amount that would have otherwise been payable to you in December of the preceding calendar year will be paid to you on the first date in January on which you would otherwise be entitled to any payment.  

Following your termination date, all benefits offered by the Company, including health insurance benefits, shall cease.  From and after such date, you may elect to continue your participation in the Company’s health insurance benefits at your expense pursuant to COBRA by notifying the Company in the time specified in the COBRA notice you will be provided and paying the monthly premium yourself, subject to as otherwise stated herein.  Notwithstanding the above, if you are a "specified employee" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), then any amounts payable to you during the first six months and one day following the date of your termination that constitute nonqualified deferred compensation within the meaning of Section 409A of the Code (as determined by the Company in its sole discretion) shall not be paid to you until the date that is six months and one day following such termination to the extent necessary to avoid adverse tax consequences under Section 409A of the Code.

	 
	 
	 

	At-Will Employment:
	Your employment with Carbonite is for no specified period of time and constitutes “at-will” employment.  As a result, you are free to resign at any time, for any reason or for no reason, with or without notice.  Similarly, Carbonite is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. 

	
			
	Other Agreements:
	All Carbonite employees are required, as a condition of your employment with Carbonite, to sign, on or before your first day of employment, the Company’s Confidentiality, Invention Assignment and Non-Competition Agreement. Please retain a signed copy for your files. We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or that may limit the manner in which you may be employed.

You agree that, during the term of your employment with Carbonite, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which Carbonite is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to Carbonite.

This Offer Letter, along with the Carbonite Confidentiality, Invention Assignment and Non-Competition Agreement, set forth the terms of your employment with Carbonite and supersede any prior representations or agreements, whether written or oral.

	 
	 
	 

	Expected Start Date:
	On or prior to Monday May 18th, 2015

	 
	 
	 

	Expiration 
and Modification 
	This Offer Letter may not be modified or amended except by a written agreement, signed by the Chief Executive Officer or Chief Financial Officer of Carbonite and by you. This offer will expire at 5pm, EST on Tuesday, May 12th, 2015

	 
	 
	 

	Sincerely,
	 
	 

	 
	 
	 

	/s/ Alec Carstensen
	 
	 

	Alec Carstensen
	 
	 

	VP, HR and Talent Acquisition

	 

ACCEPTANCE AND ACKNOWLEDGMENT

I accept the offer of employment from Carbonite as set forth in the Offer Letter dated May 12, 2015. I understand and acknowledge that my employment with Carbonite is at-will, for no particular term or duration and that I, or Carbonite, may terminate the employment relationship at any time, with or without cause and with or without prior notice. I acknowledge that the Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees, and that my job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any.  

I understand and agree that the terms and conditions set forth in the Offer Letter represent the entire agreement between Carbonite and me superseding all prior negotiations and agreements, whether written or oral.  I understand that the terms and conditions described in this Offer Letter, along with the Carbonite Confidentiality, Invention Assignment and Non-Competition Agreement are the terms and conditions of my employment.  No one other than Carbonite’s Chief Executive Officer or Chief Financial Officer is authorized to sign any employment or other agreement which modifies the terms of the Offer Letter and Carbonite's Carbonite Confidentiality, Invention Assignment and Non-Competition Agreement, and any such modification must be in writing and signed by either such executive. 

	
					
	Signature:
	/s/ David Raissipour
	 
	 
	 

	Name:
	David Raissipour

	 
	 
	 

	Date:
	May 12, 2015
	 
	 
	 

Appendix A
Employee Benefits 

Carbonite offers a comprehensive benefits package. We are committed to providing a competitive portfolio of benefits including health, insurance, and retirement, along with work life programs.  Below is a very brief summary of these benefits.  In all instances, the terms of the Benefit Plan document will govern. All benefits are subject to change at the discretion of the Company.
Medical Insurance
Carbonite offers a comprehensive health insurance plan to all full-time permanent eligible employees through Harvard Pilgrim. We offer three plans and generously contribute to the cost of this benefit. Eligibility begins on first day of employment. Premium contributions contributed by the employee are on a pre-tax basis.
Dental Insurance
Carbonite offers dental benefits through MetLife Insurance. These benefits are available to all full-time permanent eligible employees. Eligibility begins on first day of employment. Premium contributions contributed by the employee are on a pre-tax basis.
Vision
Carbonite offers vision benefits through VSP Vision.  These benefits are available to all full-time permanent eligible employees. Eligibility begins the first of the month following the first day of employment.  Premium contributions contributed by the employee are on a pretax basis.
Life and other Insurance
Carbonite provides full-time permanent employees with Basic Life, AD& D, Short-Term Disability and Long-Term Disability insurance; the company picks up the full cost of these benefits. Additional life insurance for employees, spouses, and dependents, as well as critical illness, accident, and AD&D insurances may be purchased by the employee at discounted rates.
Flexible Spending Accounts
Carbonite offers a flexible spending account plan. This plan will allows the employee to make pre-tax contributions through payroll deduction into medical and dependent flexible spending accounts.
Commuter Benefit Plans (CBP)
Carbonite offers CBP Transit & Parking Plans which are pre-tax commuter benefits plan that is used to pay for monthly bus, ferry, train or metro passes along with qualified expenses for vanpooling in commuter highway vehicles, and parking expense.  Expenses must be incurred when commuting between work and an employee's residence.
401(k) Savings Plan
Carbonite has established the Carbonite, Inc. 401(k) Plan with the objectives of providing for employee security upon retirement and encouraging employees to save on a regular basis.  Employees are eligible upon hire. Carbonite will match the first 3% of employee contributions at 100% and the next 2% of employee contributions at 50%. The match is immediately 100% vested.
Vacation
At Carbonite we focus on what people get done, not hours and days worked. Just as we don’t have a nine to five policy, we don't have a vacation policy. Exempt employees should make sure that their work is covered and notify their managers when they plan to be out of the office with as much notice as possible.
Holidays
Carbonite’s offices are closed in company-wide recognition of ten holidays per calendar year.
Employee Assistance Plan
Carbonite employees and their eligible dependents (including domestic partners) are eligible to participate in the Employee Assistance Plan (EAP) effective on their date of hire. This plan provides access to a confidential resource for evaluation, counseling, information, and referrals to help solve work and personal issues.Exhibit 10.01

 

THE
SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE
SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
THERETO OR AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
ACT OF 1933.

 

il2m
INTERNATIONAL CORP.

PROMISSORY
NOTE

 

	$231,000.00
    CAN	May
    11, 2015
	 	Burbank,
    California

 

WHEREAS
TSASA Holdings Inc., a Canadian Federation corporation ("TSASA Holdings") issued that certain promissory
note in the principal amount of $231,000.00 dated March 27, 2014 (the "TSASA-Zohrap Note") to Zohrap Tsaoussian ("Zohrap
Tsaoussian"), evidencing those amounts loaned by Zohrap Tsaoussian on behalf of Sure Investment Group Limited ("Sure
Investment") to TSASA Holding;

 

WHEREAS TSASA Holdings subsequently
further loaned the $231,000.00 CAN received from Sure Investment to il2m International Corp., a Nevada corporation (the "Issuer"),
as evidenced in that certain convertible promissory note issued by il2m International Corp., a corporation organized under the
laws of the State of Nevada ("il2m International") to TSASA Holdings in the principal amount of $231,000.00 CAN dated
March 26, 2014 (the "il2m International Convertible Note");

 

WHEREAS
Zohrap Tsaoussian has waived the TSASA-Zohrap Note and released TSASA Holdings from any and all obligations under the
TSASA-Zohrap Note;

  

WHEREAS
TSASA Holdings has waived the il2m International Convertible Note and released il2m International from any and all obligations
under the il2m International Convertible Note;

 

    	 

    	 

    

 

WHEREAS
il2m International desires to enter into a new promissory note directly with Sure Investment in the aggregate principal amount
of $231,000.00 (the "New Note") as evidenced below.

 

1.
Principal and Interest.

 

1.1 The
Company for value received, hereby promises to pay to the order of Sure Investment (now known as the "Holder"),
the sum of Two Hundred Thirty One Thousand Dollars ($231,000.00), which amount represents the amounts previously advanced by
the Holder, through TSASA Holdings, to the Company on approximately March 27, 2014 for working capital purposes (which
amounts had originally been loaned to TSASA from Sure Investment and as reflected on the Company’s records and its
financial statements as due and owing to Holder at the time and in the manner hereinafter provided).

 

The
Holder has waived any and all rights to the il2m International Convertible Note which provided the right of Sure Investment and/or
TSASA Holdings to elect to convert the principal due and owing into shares of common stock of the Company.

 

1.2
This Promissory Note (the "Note") shall not bear any interest from the date of issuance of this Note. This Note shall
be payable upon demand ("Demand Date"). Upon the Demand Date, all principal shall be payable by the Company upon demand
made by the Holder.

 

1.3
Upon payment in full of the principal hereof, this Note shall be surrendered to the Company for cancellation.

 

1.4
The principal of this Note shall be payable at the principal office of the Company and shall be forwarded to the address of the
Holder hereof as such Holder shall from time to time designate.

 

2.
Attorney's Fees. If the indebtedness represented by this Note or any part thereof is collected in bankruptcy, receivership
or other judicial proceedings or if this Note is placed in the hands of attorneys for collection after default, the Company agrees
to pay, in addition to the principal payable hereunder, reasonable attorneys' fees and costs incurred by the Holder.

 

3.
Representations, Warranties and Covenants of the Company. The Company represents, warrants and covenants with the Holder
as follows:

 

(a)
Authorization; Enforceability. All corporate action on the part of the Company, its officers, directors and stockholders
necessary for the authorization, execution and delivery of this Note and the performance of all obligations of the Company hereunder
has been taken, and this Note constitutes a valid and legally binding obligation of the Company, enforceable in accordance with
its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors' rights generally, and (ii) as limited by laws relating to the availability
of specific performance, injunctive relief or other equitable remedies.

 

    	-2-

    	 

    

 

(b)
Governmental Consents. No consent, approval, qualification, order or authorization of, or filing with, any local, state
or federal governmental authority is required on the part of the Company in connection with the Company's valid execution, delivery
or performance of this Note except any notices required to be filed with the Securities and Exchange Commission under Regulation D
of the Securities Act of 1933, as amended (the "1933 Act"), or such filings as may be required under applicable state
securities laws, which, if applicable, will be timely filed within the applicable periods therefor.

 

(c)
No Violation. The execution, delivery and performance by the Company of this Note and the consummation of the transactions
contemplated hereby will not result in a violation of its Certificate of Incorporation or Bylaws, in any material respect of any
provision of any mortgage, agreement, instrument or contract to which it is a party or by which it is bound or, to the best of
its knowledge, of any federal or state judgment, order, writ, decree, statute, rule or regulation applicable to the Company or
be in material conflict with or constitute, with or without the passage of time or giving of notice, either a material default
under any such provision or an event that results in the creation of any material lien, charge or encumbrance upon any assets
of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization
or approval applicable to the Company, its business or operations, or any of its assets or properties.

 

4.
Representations and Covenants of the Holder. The Company has entered into this Note in reliance upon the following representations
and covenants of the Holder:

 

(a)
Investment Purpose. This Note is acquired for investment and not with a view to the sale or distribution of any part thereof,
and the Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration
or exemption.

 

(b)
Private Issue. The Holder understands (i) that this Note is not registered under the 1933 Act or qualified under applicable
state securities laws, and (ii) that the Company is relying on an exemption from registration predicated on the representations
set forth in this Section 4.

 

(c)
Financial Risk. The Holder has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of its investment, and has the ability to bear the economic risks of its investment.

 

(d)
Risk of No Registration. The Holder understands that any sale of the Note which might be made by it in reliance upon Rule 144
under the Securities Act of 1933 Act, as amended, may be made only in accordance with the terms and conditions of that Rule.

 

5.
Assignment. Subject to the restrictions on transfer described in Section 8 below, the rights and obligations of the
Company and the Holder shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the
parties.

 

    	-3-

    	 

    

 

6.
Waiver and Amendment. Any provision of this Note may be amended, waived or modified upon the written consent of the Company
and the Holder.

 

7.
Transfer of This Note. With respect to any offer, sale or other disposition of this Note, the Holder will give written
notice to the Company prior thereto, describing briefly the manner thereof. Unless the Company reasonably determines that such
transfer would violate applicable securities laws, or that such transfer would adversely affect the Company's ability to account
for future transactions to which it is a party as a pooling of interests, and notifies the Holder thereof within five (5) business
days after receiving notice of the transfer, the Holder may effect such transfer. The Note thus transferred shall bear a legend
as to the applicable restrictions on transferability in order to ensure compliance with the 1933 Act, unless in the opinion of
counsel for the Company such legend is not required in order to ensure compliance with the 1933 Act. The Company may issue stop
transfer instructions to its transfer agent in connection with such restrictions.

 

8.
Notices. Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed
to have been given upon delivery if personally delivered or three (3) business days after deposit if deposited in the United States
mail for mailing by certified mail, postage prepaid, and addressed as follows:

 

	If
    to Holder:	Sure
        Investment Group Limited

        __________________

        __________________

         

	If
    to Company:	Il2m
        International Corp.

        3500
        West Olive Avenue

        Suite
        810

        Burbank,
California 91505

 

Each
of the above addressees may change its address for purposes of this Section by giving to the other addressee notice of such new
address in conformance with this Section.

 

9.
Governing Law. This Note is being delivered in and shall be construed in accordance with the laws of the State of Nevada,
without regard to the conflicts of laws provisions thereof.

 

10.
Heading; References. All headings used herein are used for convenience only and shall not be used to construe or interpret
this Note. Except as otherwise indicated, all references herein to Sections refer to Sections hereof.

 

11.
Waiver by the Company. The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

 

    	-4-

    	 

    

 

12.
Delays. No delay by the Holder in exercising any power or right hereunder shall operate as a waiver of any power or right.

 

13.
Severability. If one or more provisions of this Note are held to be unenforceable under applicable law, such provision
shall be excluded from this Note and the balance of the Note shall be interpreted as if such provision was so excluded and shall
be enforceable in accordance with its terms.

 

14.
No Impairment. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any
of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying
out of all the provisions of this Note and in the taking of all such action as may be necessary or appropriate in order to protect
the rights of the Holder of this Note against impairment.

 

IN
WITNESS WHEREOF, il2m International Corp. has caused this Note to be executed in its corporate name and this Note to be dated,
issued and delivered, all on the date first above written.

 

	 	il2m
    INTERNATIONAL CORP.  
	 	 	 
	Date:
    May __, 2015  	By	 
	 	 	President

 

	 	HOLDER
	 	 
	 	SURE
    INVESTMENT GROUP LIMITED
	 	 	 
	Date:
    May __, 2014	By:	 
	 	 	President

 

 

 

-5-

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