Document:

Offer Letter for offer of Employment

 EXHIBIT 10.51 
  
 August 27, 2004 
  
 Paul Mattison 
 16 West 16 Street, # PHDN 
 New York, NY 10011 
  

			
	Re:	  	Offer of Employment by MarketWatch, Inc.

  
 Dear Paul: 
  
 I am pleased to extend an offer of employment to you on behalf of
MarketWatch, Inc. (the “Company”), subject to the terms and conditions of employment set forth below. In addition, as soon as reasonably practicable, we will provide you with a three-year employment contract that memorializes the terms of
this offer letter. 
  
 Title. You will serve as Chief
Financial Officer reporting to Larry Kramer, Chief Executive Officer. 
  
 Office Location. You will be located in our San Francisco office. Under terms to be agreed to later, you may initially work from one of our New York offices until a transition plan and relocation package can be arranged and agreed
to. 
  
 Start Date. Your employment will commence on
September 7, 2004. 
  
 Compensation. 
  

	 	•	Base Salary. Your annual base salary of $275,000 will be paid on a semi-monthly basis, less applicable withholding and taxes as required by law. Your annual salary
will be prorated as necessary to reflect the actual days of employment completed by you during the year. 

  

	 	•	Bonus. You are eligible to receive an annual bonus of up to fifty percent (50%) of your then-applicable Base Salary actually paid in a given year. There are two
components to the annual bonus, a discretionary component and a guaranteed component: 

  

	 	•	Discretionary Component: The Discretionary Component shall be up to 25% of your then-applicable Base Salary actually paid in a given year. The Board or Compensation
Committee has full discretion to decide when, if and how much of the Discretionary Component of the Bonus to give to you. 

	 	•	Guaranteed Component. The Guaranteed Component shall be 25% of your then-applicable Base Salary actually paid in a given year, and is payable in full upon the
Company’s achievement of the financial objectives, which objectives shall be determined annually by the Board of Directors. 

  

	 	•	You must be an employee of the company at the time the bonus is paid to be eligible to receive the bonus. 

  

	 	•	Stock Options. You will be granted the opportunity to purchase up to Two Hundred Thousand (200,000) shares of Common Stock of the Company under our 2004 Stock
Incentive Plan at the closing price of the Company’s Common Stock on the NASDAQ National Market on your employment start date. Except as stated below under “severance benefits”, so long as you remain employed by the Company, these
shares will vest at the rate of one third (1/3) on each of the first three anniversaries of your employment start date. 

  
 Severance Benefits 
  

	 	•	If within 12 months after your start date the Company (or its successor) terminates you without cause, then thirty five thousand (35,000) of your unvested options shall
automatically become fully vested and exercisable. Your remaining unvested options shall terminate. In addition, you shall receive three months salary continuation if your termination is within six months after your start date; six months salary
continuation if your termination is after six months but within nine months after your start date; nine months salary continuation if your termination is after nine months but within one year after your start date; and 12 months salary if your
termination is after twelve months after your start date. 

  

	 	•	If after 12 months following your start date the Company (or its successor) terminates you without cause, you shall receive 12 months of salary continuation.

  
 Benefits Plans. During your employment
with the Company, you will be provided with certain employee benefits as mandated by law. As a full-time employee, you also will be eligible to participate in certain benefit programs available to similarly-situated Company employees. Such benefit
programs may be amended or cancelled from time to time in the sole discretion of the Company. Currently, such benefit programs include the following: 
  

	 	•	Medical and Dental Coverage. The first of the month following your start date with the Company, you and your dependents will be eligible to 

 participate in the Company’s Medical, Dental, Vision, STD/LTD, and Life Insurance Plans in
accordance with the express terms of those plans. Enrollment in such plans is voluntary, and employees may be required to share in a portion of the plan costs. Details of the plans are explained in benefit highlight brochures, copies of which will
be provided to you through Human Resources. 
  

	 	•	Vacation. You will be eligible to participate in the MarketWatch Vacation Plan. You will accrue four (4) weeks of vacation per year, prorated to reflect the actual
dates of employment completed by you during the year. 

  

	 	•	Employee Savings and Investment 401(k) Plan. You will be eligible to participate in the Company’s 401(k) Plan, subject to certain enrollment periods and other
Plan terms. The Plan permits participants to defer taxes on a portion of their income by investing such income in certain investment vehicles. Plan participants employed at year-end are eligible to receive a match of a percentage of their annual
contributions, as determined in the sole discretion of the Board of Directors. 

  

	 	•	Employee Stock Purchase Plan (“ESPP”). Full-time employees are eligible to participate in the Company’s ESPP, subject to the terms of the Plan. Offering
/ purchase periods occur on August 15 and February 14. Human Resources will provide additional information about the ESPP program to you. 

  
 Confidentiality Agreement. As an employee of the Company, you will have access to certain confidential information and materials of the Company and
you may, during the course of your employment, develop certain information or inventions, which shall be the property of the Company. To protect the Company’s interests, you must sign the Company’s “Employee Invention Assignment and
Confidentiality Agreement” as a condition of your employment. We also expect that you will not bring with you or use on behalf of the Company any confidential or proprietary information or material of any former employer, or to violate any
other obligations you may have to any former employer. 
  
 At-Will Employment. Your employment with the Company is at will. This means that you may terminate your employment with the Company at any time, with or without notice or cause. The Company similarly may terminate your employment at
any time, with or without notice or cause. Additionally, the Company may alter the terms and conditions of your employment at any time, with or without cause. Your participation in any stock option or benefit program must not be regarded as assuring
employment for any particular period of time, and no statement, representation, or conduct of any person or entity may alter the at-will nature of your employment with the Company. 
  
 Immigration Compliance. The Immigration Reform and Control Act of 1986 requires that you present documentation
demonstrating that you have authorization to 

 work in the United States within three (3) business days after commencing employment with the Company. If you have
questions about this requirement, which applies equally to U.S. and non-U.S. citizens, you may contact Human Resources. 
  
 Company Policies and Procedures. In addition to the information contained in this letter, certain policies and procedures shall apply to your
employment with the Company, including without limitation the Code of Business Conduct and Ethics, and the Conflicts and Disclosure Policy contained therein, which you must sign as a condition of your employment. By accepting employment with the
Company, you acknowledge your agreement to comply with all policies and procedures established by the Company from time to time. You will also be issued a Company Employee Handbook containing important policies and procedures relevant to your
employment with the Company. It is a further condition of your employment that you sign an acknowledgement confirming your receipt of this Employee Handbook. You are required to comply with all such policies and procedures as are relevant to you
throughout your employment. Any questions you may have at any time regarding the Company’s policies and procedures may be directed to Human Resources. 
  
 As confirmation of your acceptance of our offer of employment, please sign and return this letter to me within seven (7) days after the date of the
letter. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions stated herein. 
  
 Should you have any questions, please do not hesitate to call me. We look forward to the opportunity to welcome you to the Company. 
  

	
	 Very truly yours,

	
	 MarketWatch, Inc.

	
	 /s/ Kathy Yates

	 Kathy Yates

	 President and Chief Operating Officer

  
 I have read and understood this
offer letter and hereby acknowledge, accept and agree to the terms set forth above. 
  

					
	 /s/ Paul Mattison

	 	Date signed:	 	 09/01/04

	Signature of Paul MattisonAmended and Restated Employment Agreement

 Exhibit 10.35 
  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
  
 This Amended and Restated Employment Agreement (this “Agreement”) is made as of August 13, 2004 by and between
DAOU Systems, Inc., a Delaware corporation (“Employer”), and Vincent Roach, an individual resident of Florida (“Employee”). 
  
 WHEREAS, Employee and Employer are parties to an Employment Agreement dated June 1, 2001 (the “Prior Agreement”), pursuant to which Employer has
employed Employee; 
  
 WHEREAS, the Prior Agreement is scheduled
to expire on December 31, 2004; and 
  
 WHEREAS, Employer and
Employee wish to amend the Employment Agreement to create rights in Employee in connection with his promotion to the position of President and Chief Executive Officer (“CEO”); 
  
 NOW THEREFORE, in consideration of the mutual covenants and obligations contained herein, and intending to be legally bound,
the parties, subject to the terms and conditions set forth herein, agree as follows: 
  
 1. Employment Terms and Duties. 
  
 1.1.
Employment. Employer employs Employee, and Employee accepts employment by Employer, upon the terms and conditions set forth in this Agreement. 
  
 1.2. Employment Period. Employer hereby employs Employee and Employee hereby accepts employment with the Company, until termination of this
Agreement in accordance with the provisions of Section 5 hereof (the “Term”), to hold the office of President and Chief Executive Officer of Employer during the Term (such office, referred to herein as the “Position”).

  
 1.3. Duties. During the Term, Employee shall serve
Employer faithfully and to the best of his ability and shall devote his entire business time, attention, skill and efforts to the performance of the duties required by or appropriate for the Position. Employee shall use his best efforts to promote
the success of Employer’s business, and will cooperate fully with the Board of Directors in the advancement of the best interests of Employer. Subject to the oversight of the Board of Directors, Employee shall have (i) responsibility for the
exercise of the executive authority of Employer, being the general and active management of the business of Employer and the carrying into effect of all orders and resolutions of the Board of Directors, which executive authority may be delegated by
Employee to other officers and/or employees of Employer, and (ii) such duties and responsibilities as may be assigned to him from time to time by the Board of Directors. Employee shall report to the Board of Directors and shall perform his duties
and responsibilities hereunder at such location or locations as may be set reasonably from time to time by the Board of Directors. 

 1.4. Compliance with Employer’s Policies. Employee acknowledges and agrees to comply with
Employer’s Confidentiality, Inventions and Non-Compete Agreement (“Confidentiality Agreement”). The Confidentiality Agreement is attached to this Agreement as Exhibit A and is incorporated by reference. 
  
 2. Compensation. Employer shall pay Employee, and Employee hereby agrees to accept, as
compensation for all services to be rendered to Employer and for Employee’s covenants, assignments and covenants not to compete, the compensation set forth in this Section 2. 
  
 2.1. Base Salary Through December 31, 2004. From the effective date of this Agreement through December 31, 2004,
Employer shall pay Employee a base salary at the annualized rate of Seven Hundred Fifty Thousand Dollars and Zero Cents ($750,000.00), less all gross compensation previously paid to Employee by Employer with respect to the calendar year 2004, with
the remainder to be paid in equal semi-monthly installments in accordance with Employer’s normal payroll schedule. The salary amounts shall be subject to all applicable income, social security, and other taxes required to be withheld by
Employer. 
  
 2.2. Additional Compensation Through December 31,
2004. Subject to Section 2.4(e), from the effective date of this Agreement through December 31, 2004, Employer shall pay additional compensation to Employee in the gross amount of Four Hundred Forty Four Thousand Dollars and Zero Cents
($444,000.00) in consideration for his execution of the Confidentiality Agreement. This additional compensation shall be paid in equal semi-monthly installments in accordance with Employer’s normal payroll schedule and shall be subject to all
applicable income, social security, and other taxes required to be withheld by Employer. 
  
 2.3. Base Salary Commencing January 1, 2005. Commencing January 1, 2005, Employee shall be paid an annualized base salary (“Base Salary”) of Three Hundred Thousand Dollars and Zero Cents
($300,000.00), in equal semi-monthly installments in accordance with Employer’s normal payroll schedule and shall be subject to all applicable income, social security, and other taxes required to be withheld by Employer. 
  
 2.4. Retention Bonus. 
  
 (a) Subject to Section 2.4(d), Employee shall be eligible to receive a
Retention Bonus if (i) a Transaction occurs, and (ii) Employee is the President and CEO as of the closing of the applicable Transaction. 
  

 -2- 

 (b) Determination of the Retention Bonus. Subject to the terms of this Agreement, Employee’s
Retention Bonus shall be based upon one of the following alternative transaction models consistent with the form of a Transaction: 
  

					
	 Transaction

	 	 Selling Price (Including
 cash equivalents
of any
 non-cash consideration
 provided by the
Buyer)

	  	 Retention Bonus
 Increment

	  
 Sale of ASD independently
(retention bonus for such a
sale to
be paid in addition to any
retention bonus amounts paid in
conjunction with sale of other
business units independently or as
a group)
	 	 Up to $5 Million
  
 Between $5 Million and $10 Million
  
 Between $10 Million and $15 Million
  
	  	 0
  
 10% of the Selling Price
  
 $500,000 plus 12.5% of
the Selling Price in excess of $10 Million

	 	  
 Over $15 Million
	  	  
 $1,125,000 plus 15% of the excess of the Selling Price over $15
Million, up to a maximum of $2,000,000

			
	Sale of any one business unit in a
single transaction other than ASD
independently (retention bonus for
such a sale to be paid in addition to
any retention bonus
amounts paid
on conjunction with a sale of other
business units independently or as
a group)	 	 Up to $2.5 Million
  
 Between $2.5 Million and $5 Million
	  	 5% of the Selling Price
  
 $125,000 plus 7.5% of the Selling Price in excess of $2.5 Million

	 	Over $5 Million	  	$312,500 plus 10% of the Selling Price in excess of $5 Million, up to a maximum of $1,000,000 (for all such transactions).

  

 -3- 

					
	 Transaction

	 	 Selling Price (Including
 cash equivalents
of any
 non-cash consideration
 provided by the
Buyer)

	  	 Retention Bonus
 Increment            

	 Sale of the entire business, as it
existed at the time of execution of
this Agreement
  
 Note: This bonus shall not be

 combined with any other bonus
under this Section 2.4(b).
	 	 Up to $10 Million
  
 Between $10 Million and $20 Million
  
  
  
 Over $20
Million
	  	 6% of the Selling Price
  
 $600,000 plus 7% of the Selling Price in excess of $10 Million
  
 $1,300,000 plus 8% of the Selling Price in excess of $20 Million, up to a maximum of $2,500,000

	 	 	 	  	 
			
	Merger of the entire business as it existed at the time of execution of this Agreement, with or into another business with no additional material payment of cash or other consideration
(i.e., essentially an all stock or mostly stock transaction)	 	Not Applicable	  	$1,000,000
			
	Note: This bonus shall not be combined with any other bonus under this Section 2.4(b).	 	 	  	 
			
	 	 	 	  	 

  
  
 (c) Payment of Retention Bonus. The Retention Bonus shall be paid in a lump sum payment, without interest or earnings, within five (5) business days
following the closing of the Transaction. 
  
 (d) Limitation on
Retention Bonus. If one or more Transactions are closed prior to December 31, 2004, Employee shall receive a Retention Bonus with respect to such Transactions only if the aggregate Retention Bonus amount is greater than the aggregate compensation
set forth in Sections 2.1 and 2.2 and, in such case, Employee’s Retention Bonus for such Transactions shall be equal to such excess. 
  
 (e) Termination of Employment. If Employee’s employment is terminated for any reason (or no reason) by Employer or Employee, Employee shall be
eligible to receive a Retention Bonus for Transactions that have closed prior to Employee’s effective date of termination. 
  

 -4- 

 (f) Possible Discretionary Bonus. If Employee’s employment terminates without Cause or for Good
Reason, or if a calendar year ends prior to the closing of a Transaction, the Board of Directors, in their sole discretion, may pay Employee a discretionary bonus in an amount to be determined by the Board of Directors. 
  
 (g) Allocation of Retention Bonus. The parties agree that all amounts to be
paid as Retention Bonuses have been determined by mutual agreement of the parties for the purpose of compensating Employee, and shall be deemed to have been paid, 50% in consideration of Employee’s efforts on behalf of the Company and 50% in
consideration for the extension of the post-employment period of non-competition and related covenants contemplated by the Confidentiality Agreement. 
  
 (h) Definitions. For purposes of this Agreement, the following terms shall have the meaning specified: 
  
 (i) “ASD” means the component of Daou Systems, Inc. known as the
Application Services Division, of which Employee, per the Prior Agreement, was President. 
  
 (ii) “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by
contract, or otherwise. 
  
 (iii) “Transaction” means
any transaction or a series of transactions whereby, directly or indirectly, Control of (except in the ordinary course of business or routine securities trading activity) Employer, ASD or other business units is transferred for consideration to an
unaffiliated third party, including, without limitation, a sale or exchange of capital stock or assets, a merger or consolidation, a tender or exchange offer, or any similar transaction; and 
  
 (iv) “Retention Bonus” means the monetary award set forth in
Section 2.4(b) for the applicable Transaction. 
  
 2.5.
Possible Reduction in Payments. Payments under Section 2.4 shall be made without regard to whether the deductibility of such payments (or any other payments) would be limited or precluded by Section 280G of the Internal Revenue Code of 1986
(the “Code”) and without regard to whether such payments would subject Employee to the federal excise tax levied on certain “excess parachute payments” under Section 4999 of the Code; provided, however, that if the Total
After-Tax Payments (as defined below) would be increased by the limitation or elimination of any amount payable under Section 2.4, then the amount payable under Section 2.4 will be reduced to the extent necessary to maximize the Total After-Tax
Payments. The determination of whether and to what extent payments under Section 2.4 are required to be reduced in accordance with the preceding sentence will be made at the Company’s expense by the Company’s independent auditor or, upon
the mutual consent of the parties, another independent certified public accountant, which determination will be final and binding absent manifest error. In the event of any underpayment or overpayment (as determined after the application of this
Section 2.5), the amount of such underpayment or overpayment will be immediately paid by the Company to Employee or refunded by Employee to the Company, as the case may be, with interest at the applicable federal rate provided for in Section
7872(f)(2) of 
  

 -5- 

 the Code. For the purposes of this Agreement, “Total After-Tax Payments” means the total of all “parachute
payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of Employee (whether made under this Agreement or otherwise), after reduction for all applicable federal taxes (including, without limitation, the
excise tax described in Section 4999 of the Code). 
  
 2.6.
Interest Amounts. Employer will pay Employee an amount equal to Employee’s interest obligations less applicable taxes (“Interest Amounts”) pursuant to the Promissory Note executed by Employee in favor of Employer pursuant to
the Prior Agreement and its related documents. 
  
 2.7.
Discretionary Bonuses. Employer may, but is not required to, grant Employee future cash bonus awards at such times and in such amounts as Employer’s Board of Directors may determine. 
  
 3. Benefits. Employee will, during the Employment Period, be permitted to participate
in such pension, profit sharing, bonus, life insurance, hospitalization, major medical and other employee benefit plans of Employer that may be in effect from time to time, to the extent Employee is eligible under the terms of those plans
(collectively, the “Benefits”). 
  
 4. Vacations and Holidays.
Employee will be entitled to paid vacation in an amount of four weeks per year. Employee may carry-over from one year to the next any accrued but unused vacation up to a maximum of six weeks of vacation. Once Employee accrues the maximum vacation,
he will not accrue additional vacation until he takes enough vacation to bring his accrual below the maximum. Employee may take vacation at such time or times as approved by the Board of Directors, such approval not to be unreasonably withheld.
Employee is entitled to holidays in accordance with the holiday policies of the Company in effect for its employees from time to time. 
  
 5. Termination. 
  
 5.1. Termination by Employer for Cause or because of Employee’s Death or Disability; Termination by Employee without Good Reason. 

 
 (a) Termination by Employer for Cause or because of Employee’s
Death or Disability. Employer may terminate Employee’s employment at any time for Cause or because of Employee’s death or Disability. In the event that Employee’s employment terminates for one of the reasons set forth in this
Section 5.1(a), Employer will pay Employee or his estate within thirty days after the effective date of termination his Base Salary and any Retention Bonus earned through the date of termination; and any vacation accrued and owing through the
termination date. Employee will not be entitled to any other compensation. 
  
 (b) Definition of Cause. For purposes of this Agreement, “Cause” is defined as (i) Employee’s knowing and willful misconduct in the performance of his duties; (ii) Employee’s failure
to reasonably and in good faith perform the duties of his position; (iii) Employee’s material breach of the Confidentiality Agreement; (iv) Employee’s material failure to adhere to any written policy of Employer that is legal and generally
applicable to officers of Employer; or (v) the conviction of, or the entering of a guilty plea or plea of no 
  

 -6- 

 contest with respect to a felony, the equivalent thereof, or any other crime which involves dishonesty, fraud (financial
or other) or other moral turpitude. Employee shall be provided a period of fifteen days from Employee’s receipt of the written notice of the existence of Cause to cure the harm or breach that gives rise to the determination that Cause exists
for termination. 
  
 (c) Definition of Disability.
For purposes of this Agreement, “Disability” shall be defined as a mental or physical impairment of Employee that renders him unable to perform the essential functions of his position, with or without a reasonable accommodation, for a
period of ninety (90) days. In the event of a dispute as to whether Employee has a Disability as defined in this Agreement, Employer and Employee shall have equal rights in securing a confirming or countervailing professional opinion. 
  
 (d) Termination by Employee without Good Reason. In the event
Employee terminates his employment for any reason other than Good Reason as defined in this Agreement, Employer will pay Employee within thirty days after the effective date of termination his Base Salary earned through the date of termination and
any vacation accrued and owing through the termination date. Employee will not be entitled to any other compensation. 
  
 (e) Definition of Good Reason. For purposes of this Agreement, termination for “Good Reason” is defined as the termination by
Employee of his employment with Employer within three (3) months after the first occurrence of any of the following events: 
  
 (i) other than as set forth in this Agreement, any reduction in Employee’s base salary or material detrimental change to the terms under which
Employee is eligible for bonus compensation under this Agreement; 
  
 (ii) any significant reduction in Employee’s responsibilities and authority or a material change in Employee’s responsibility or authority that would be inconsistent or interfere with the duties of the President, CEO and/or an
officer of Employer; 
  
 (iii) any failure by Employer to pay
Employee’s compensation in a timely manner; 
  
 An event
described in Section 5.1(e)(i) through (iii) will not constitute Good Reason unless Employee provides written notice to Employer of his intention to terminate his employment for Good Reason and unless Employer does not cure the Good Reason within
fifteen (15) days of Employer’s receipt of the written notice, except that Employer shall have only seven (7) days from Employee’s written notice to cure a failure to timely pay Employee’s compensation. 
  
 5.2. Termination by Employer for Reason Other Than Cause, Death or
Disability; Termination by Employee for Good Reason. 
  
 (a)
Termination by Employer for Reason Other Than Cause, Death or Disability or Termination by Employee for Good Reason Prior to December 31, 2004. If Employer terminates Employee’s employment for a reason other than Cause, death or
Disability or Employee terminates his employment for Good Reason prior to December 31, 2004, Employee shall receive his base salary and additional compensation payments set forth in 
  

 -7- 

 Sections 2.1 and 2.2 herein through December 31, 2004, and any earned Retention Bonus. The payments provided for in this
Section 5.2(a) shall be paid in equal semi-monthly installments, or according to Employer’s regular payroll practices. Employee’s receipt of the payments described in this Section 5.2(a) is conditioned upon his execution of a release of
all claims in favor of Employer in substantially the form attached to this Agreement as Exhibit B. Employee will not be entitled to any other compensation. 
  
 (b) Termination by Employer for Reason Other Than Cause, Death or Disability or Termination by Employee for Good Reason On or After January 1,
2005. If Employer terminates Employee’s employment for a reason other than Cause, death or Disability or Employee terminates his employment for Good Reason on or after January 1, 2005, Employee shall receive (i) any Retention Bonus
earned through the date of termination; and (ii) a severance payment of Three Hundred Thousand Dollars and Zero Cents ($300,000.00); provided, however, Employee shall be eligible to receive, and Employer shall have no obligation to pay, such
severance payment if Employer had previously paid Employee one or more Retention Bonuses in the aggregate of at least Three Hundred Thousand Dollars ($300,000) under this Agreement. The payment provided for in this Section 5.2(b) shall be paid in
equal semi-monthly installments, or according to Employer’s regular payroll practices. Employee’s receipt of the payments described in this Section 5.2(b) is conditioned upon his execution of a release of all claims in favor of Employer in
substantially the form attached to this Agreement as Exhibit B. Employee will not be entitled to any other compensation. 
  
 5.3. Benefits. Employee’s accrual of, and participation in plans providing for, Benefits will cease at the effective date of Employee’s
termination for any reason, and Employee will be entitled to accrued Benefits pursuant to such plans only as provided in such plans. 
  
 5.4. Subsequent Employment by Affiliate or Assignee. Employment shall not be deemed to have been terminated under this Agreement if Employee is
offered employment under substantially the same or better terms by an affiliate of Employer, or by any successor in interest, assignee or purchaser of substantially all of Employer’s assets. 
  
 6. General Provisions. 
  
 6.1. Representations and Warranties by Employee. Employee represents and warrants to Employer that the execution and
delivery of this Agreement do not, and the performance by the parties of their obligations hereunder will not, with or without the giving of notice or the passage of time, or both: (a) violate any judgment, writ, injunction, or order of any court,
arbitrator, or governmental agency applicable to Employee; or (b) conflict with, result in the breach of any provisions of or the termination of, or constitute a default under, any agreement to which Employee is a party or by which Employee is or
may be bound. 
  
 6.2. Waiver. The rights and remedies of
the parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by either party in exercising any right, power, or privilege under this Agreement will operate as a waiver of such right, power, or privilege, and no
single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable
law, (a) no claim or right 
  

 -8- 

 arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the
claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a
waiver of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement. 
  
 6.3. Binding Effect; Delegation of Duties Prohibited. This Agreement shall inure to the benefit of, and shall be
binding upon, the parties hereto and their respective successors, assigns, heirs, and legal representatives, including any entity with which Employer may merge or consolidate or (at Employer’s election) any entity to which all or substantially
all of its assets may be transferred. The duties and covenants of Employee under this Agreement, being personal, may not be delegated. 
  
 6.4. Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly
given when (a) delivered by hand (with written confirmation of receipt), (b) sent by facsimile (with written confirmation of receipt), provided that a copy is mailed by registered mail, return receipt requested or (c) when received by the addressee,
if sent by a nationally recognized overnight delivery service (receipt requested), in each case to the appropriate addresses and facsimile numbers set forth below (or to such other addresses and facsimile numbers as a party may designate by notice
to the other parties): 
  

			
	If to Employer:	 	DAOU Systems, Inc.
	 	 	Suite 300
	 	 	412 Creamery Way
	 	 	Exton, PA 19341
	 	 	Attention: John A. Roberts
	 	 	Facsimile No.: 610.524.3182
		
	With a copy to:                	 	Pepper Hamilton LLP
	 	 	400 Berwyn Park
	 	 	899 Cassatt Road
	 	 	Berwyn, PA 19312-1183
	 	 	Attention: Steven J. Feder
	 	 	Facsimile: 610.640.7835
		
	If to Employee:	 	Vincent Roach
	 	 	101 West Washington Street
	 	 	Suite 1110-E
	 	 	Indianapolis, IN 46240
	 	 	Facsimile No.: 610.524.3182
		
	With a copy to:	 	Gibson, Dunn & Crutcher, LLP
	 	 	1050 Connecticut Avenue, N.W.
	 	 	Washington, DC 20036
	 	 	Attention: Brian Lane
	 	 	Facsimile: 202.530.9589

  

 -9- 

 6.5. Entire Agreement; Amendments. This Agreement and its Exhibits, by and between Employer and
Employee, contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, between the parties to this Agreement with respect to the subject matter of
this Agreement, including, without limitation, the Prior Agreement. This Agreement may not be amended orally, but only by an agreement in writing signed by the parties. 
  
 6.6. Governing Law. This Agreement will be governed by the laws of Indiana without regard to conflicts of laws
principles. 
  
 6.7. Drafting Ambiguities. Each party to
this Agreement has had an opportunity to consult with counsel regarding this Agreement and its covenants. The rule of construction that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this
Agreement or any of the amendments to this Agreement. 
  
 6.8.
Binding Arbitration. Any dispute or claim arising out of this Agreement shall be subject to final and binding arbitration. The arbitration will be conducted by one arbitrator who is a member of the American Arbitration Association (AAA) or of
the Judicial Arbitration and Mediation Services (JAMS) and will be governed by the Model Employment Arbitration rules of AAA. The arbitration shall be held in Indianapolis, Indiana. The arbitrator shall have all authority to determine the
arbitrability of any claim and enter a final and binding judgment at the conclusion of any proceedings in respect of the arbitration. Any final judgment only may be appealed on the grounds of improper bias or improper conduct of the arbitrator. Any
arbitration award will be enforceable in any court of competent jurisdiction. The arbitrator will apply Indiana substantive law in all respects. The arbitrator shall have the power to award the party prevailing in the resolution of any such claim,
in addition to such other relief as may be granted, an award of all reasonable attorneys fees, expenses and costs incurred in pursuit of the claim, without regard to any statute, schedule, or rule purported to restrict such award. 
  
 6.9. Injunctive Relief. Notwithstanding the provisions of Section 6.9,
Employee acknowledges that any breach of Exhibit A to this Agreement may result in irreparable and continuing damage to Employer for which there can be no adequate remedy at law, and in the event of any such breach, Employer shall be entitled
to seek immediate injunctive relief, and that Employer may seek this injunctive relief from the appropriate court of law and to this limited extent is not bound by Section 6.8. Employer’s obligation to post an undertaking in support of a
petition for injunction under this Section 6.9 will be determined under the applicable law and in an amount to be determined by the court. 
  
 6.10. Section Headings, Construction. The Section headings in this Agreement are provided for convenience only and will not affect its construction
or interpretation. All references to “section” or “sections” refer to the corresponding Section or sections of this 
  

 -10- 

 Agreement unless otherwise specified. All words used in this Agreement will be construed to be of such gender or number
as the circumstances require. Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms. 
  
 6.11. Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other
provisions of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. 

 
 6.12. Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 
  

					
	EMPLOYER:	 	EMPLOYEE:
		
	DAOU Systems, Inc.	 	 
			
	By:	 	 /s/    John A. Roberts

	 	 /s/    Vincent K. Roach

	 	 	John A. Roberts	 	Vincent K. Roach
	Its:	 	Chief Financial Officer	 	 

  

 -11- 

 EXHIBIT A 
  
 CONFIDENTIALITY, INVENTIONS AND NON-COMPETE AGREEMENT 
  
 This Confidentiality, Inventions and Non-Compete Agreement (this “Confidentiality Agreement”), confirms the agreement between Vincent Roach
(“Employee”) and DAOU Systems, Inc., a Delaware corporation (the “Employer”), which is a material part of the consideration for the August 13, 2004 Amended and Restated Employment Agreement between Employee and Employer (the
“Agreement”). 
  
 1. Acknowledgments by Employee. Employee
acknowledges that (a) during the Term, as that term is defined in the Agreement, and as a part of the Employment, Employee will be afforded access to Employer’s Confidential Information; (b) public disclosure of such Confidential Information
could have an adverse effect on Employer and its business; (c) because Employee possesses substantial technical expertise and skill with respect to Employer’s business, Employer desires to obtain exclusive ownership of each Employee Invention,
and Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and (d) the provisions of this Confidentiality Agreement are reasonable and necessary to prevent the improper use
or disclosure of Confidential Information and to provide Employer with exclusive ownership of all Employee Inventions. For purposes of this Agreement, “Confidential Information” is defined as information which Employer reasonably considers
to be confidential and proprietary to Employer. 
  
 2. Confidential and Trade
Secret Information. 
  
 2.1. Employee acknowledges and agrees
that all Confidential Information known or obtained by Employee, whether before or after the date of this Confidentiality Agreement, is the property of Employer. Therefore, Employee agrees that Employee shall hold in confidence the Confidential
Information and shall not disclose it to any Person, including disclosures for the benefit of competitors of Employer, or use for personal gain any Confidential Information, whether Employee has such information in Employee’s memory or embodied
in writing or other physical form, except with the specific prior written consent of Employer or except as otherwise expressly permitted by the terms of this Confidentiality Agreement or unless and to the extent that the Confidential Information is
or becomes generally known to and available for use by the public other than as a result of Employee’s fault or the fault of any other person bound by a duty of confidentiality to Employer. Employee agrees to deliver or make available to
Employer at any reasonable time Employer may request, all documents, memoranda, notes, plans, records, reports, and other documentation, models, components, devices, or computer software, whether embodied in a disk or in other form (and all copies
of all of the foregoing), relating to the businesses, operations or affairs of Employer and any other Confidential Information that Employee may then possess or have under his control. Employee’s obligations under this Confidentiality Agreement
are in addition to and cumulative with those he owes Employer under the Indiana Uniform Trade Secrets Act and any other applicable law. 

 2.2. Any trade secrets of Employer will be entitled to all of the protections and benefits under the
Indiana Uniform Trade Secrets Act and any other applicable law. 
  
 2.3. None of the foregoing obligations and restrictions applies to any part of the Confidential Information that: (a) that Employee demonstrates was or became generally available to the public other than as a result of an improper
disclosure by Employee; (b) Employee demonstrates was independently developed by Employee prior to receipt of the Confidential Information from Employer; (c) was approved for release by written authorization from Employer or (d) where disclosure was
ordered by a court of competent jurisdiction. 
  
 2.4. Employee
will not remove from Employer’s premises (except to the extent such removal is for purposes of the performance of Employee’s duties at home or while traveling, or except as otherwise specifically authorized by Employer) any document,
record, notebook, plan, model, component, device or computer software or code, whether embodied in a disk or in any other form, (but not including devices, software or code owned by Employee and used by Employee in personal applications not
involving Employer’s business), that relates in any way to, or is useful in any manner in, the business then being conducted or proposed to be conducted by Employer (collectively, the “Proprietary Items”). Employee recognizes that, as
between Employer and Employee, all of the Proprietary Items, whether or not developed by Employee, are the exclusive property of Employer. Upon termination of the Agreement by either party, or upon the request of Employer during the Term, Employee
will return to Employer all of the Proprietary Items in Employee’s possession or subject to Employee’s control, and Employee shall not retain any copies, abstracts, sketches or other physical embodiment of any of the Proprietary Items.
Notwithstanding the foregoing, upon the reasonable request of Employee, Employer will permit Employee to obtain copies of specifically identified Proprietary Items that are necessary for Employee to respond to legal, tax or other regulatory
proceedings. 
  
 3. Employee Inventions. For purposes of this
Confidentiality Agreement, “Employee Inventions” shall be defined to include any discoveries, improvements, developments, tools, machines, apparatus, appliances, concepts, designs, computer software programs, promotional ideas, production
processes or techniques, practices, formula methods and new products, useful in or related to the business in which Employer is engaged, whether patentable, copyrightable or otherwise, that are made, discovered, developed or secured by the Employee
while employed by Employer and that pertain to the subject matter of Employee’s employment with Employer. Each such Employee Invention shall belong exclusively to Employer. Employee acknowledges that all of Employee’s Employee Inventions
are works made for hire and the property of Employer including any copyrights, patents or other intellectual property rights pertaining thereto. Unless it is determined by a court of competent jurisdiction that any Employee Inventions were not made
within the scope of the Employment, Employee hereby assigns to Employer all of Employee’s right, title, and interest, including all rights of copyright, patent, trademark and other intellectual property rights, to or in such Employee
Inventions. Employee covenants that he will promptly: 
  
 3.1.
disclose to Employer in writing any Employee Invention; 
  
 3.2.
assign to Employer or to a party designated by Employer, at Employer’s request and without additional compensation, all of Employee’s right to the Employee Invention for the United States and all foreign jurisdictions; 
  

 -2- 

 3.3. execute and deliver to Employer such applications, assignments, and other documents as Employer may
request in order to apply for and obtain patents or other registrations with respect to any Employee Invention in the United States and any foreign jurisdictions; 
  
 3.4. sign all other papers necessary to carry out the above obligations; and 
  
 3.5. give testimony and render any other assistance in support of
Employer’s rights to any Employee Invention. 
  
 4. Client Confidential
Information. “Client Confidential Information” is information disclosed to Employee by a client or customer (“Client”) of Employer or other parties involved in a business arrangement between Employer and a Client, which at
the time of disclosure is (a) designated by the Client as confidential; or (b) which by its nature or by the circumstances of its disclosure reasonably should be confidential; or (c) which is subject to a confidentiality agreement between Employer
and the Client; or (d) because the information disclosed is not generally known by persons other than employees or representatives of Employer and the Client. Employee acknowledges and agrees that all Client Confidential Information known or
obtained by Employee, whether before or after the date of this Agreement, is the property of the Client. Therefore, Employee agrees that, at any time during or after the Term, Employee shall hold in confidence the Client Confidential Information and
shall not disclose it to any Person or use for his personal gain or for the benefit of any third party competitor of said Client any Client Confidential Information, whether Employee has such information in Employee’s memory or embodied in
writing or other physical form, except (a) to the extent that the Client Confidential Information is or becomes generally known to and available for use by the public other than as a result of Employee’s fault or the fault of any other Person
bound by a duty of confidentiality to the Client; (b) that the Client Confidential Information was independently developed by Employee prior to receipt of it from the Client; (c) with the specific prior written consent of an authorized
representative of the Client or; (d) if the disclosure thereof was ordered by a court of competent jurisdiction. Employee agrees to deliver to Employer at any reasonable time Employer or the Client may request, all documents, memoranda, notes,
plans, records, reports, and other documentation, models, components, devices, or computer software, whether embodied in a disk or in other form (and all copies of all of the foregoing), relating to the Client Confidential Information that Employee
may then possess or have under his control. 
  
 5. Non-competition and
Non-interference. 
  
 5.1. Acknowledgments by
Employee. Employee acknowledges that: (a) the services to be performed by him under this Agreement are of a special, unique, unusual, extraordinary and intellectual character; (b) Employer’s business is national in scope and its
products and services are marketed throughout the United States; (c) Employer competes with other businesses that are or could be located in any part of the United States; and (d) the provisions of this Section 5 are reasonable and necessary to
protect Employer’s business. 
  

 -3- 

 5.2. Covenants of Employee. In consideration of the acknowledgments by Employee, and in
consideration of the compensation and benefits to be paid or provided to Employee by Employer, the receipt and sufficiency of which are hereby acknowledged, Employee covenants that he will not, directly or indirectly: 
  
 (a) during the Term, except in the course of his employment, and during the
Post-Employment Period, engage or invest in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of, be employed by, associated with, or in any manner connected with, lend
Employee’s name or any similar name to, lend Employee’s credit to or render services or advice to, any business that has products or activities which compete in whole or in part with any of Employer’s products or activities which
existed during his employment, anywhere within the United States where Employer, has or is doing business or marketing the services of Employer in the areas of healthcare information technology services that are related to planning, selecting,
implementing or manufacturing general purpose computer networks and associated software for healthcare providers and consulting on or about healthcare information processing systems in the healthcare and healthcare finance industries; provided,
however, that Employee may purchase or otherwise acquire up to (but not more than) five percent (5%) of any class of securities of any enterprise (but without otherwise participating in the activities of such enterprise) if such securities are
listed on any national or regional securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934, as amended. For any other exceptions to this non-compete Employee must seek and obtain express permission from
Employer’s Board of Directors, which permission will not be unreasonably refused. 
  
 (b) Employee acknowledges and agrees that Employer is currently performing and marketing the above described services in a majority of states throughout the United States, but particularly in the states of California,
Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, New York, Pennsylvania, and Wisconsin. Employee acknowledges and agrees that this list of states may expand during his employment such that this Section may, at the time his
employment is terminated, apply to states not listed at the time this Confidentiality Agreement is executed. Employee agrees that this covenant is reasonable with respect to its duration, geographical area and scope. Notwithstanding the foregoing,
following the Term, Employee shall not be prohibited from engaging or investing in, owning, managing, operating, financing, controlling, or participating in the ownership, management, operation, financing, or control of, being employed by,
associated with, or in any manner connected with, lending Employee’s name or any similar name to, lending Employee’s credit to or rendering services or advice to, any business whose products or activities do not compete with the above
described services of Employer; nor shall Section 5.2(a) of this Confidentiality Agreement prevent Employee, following the Term, from acting in his individual capacity as a direct consultant (without employees or other professional assistance) for
up to $500,000 per year of income, fees or other benefits to Employee, provided, however, that Employee must continue to comply with the remaining terms and conditions of this Confidentiality Agreement and Employee shall use his best efforts to
recommend Employer for any work the Employee is not able to handle on his own; 
  
 (c) whether for Employee’s own account or for the account of any other person, at any time during the Term and the Post-Employment Period, accept, divert or solicit business of the same or similar type being
carried on by Employer, from any individual or entity that is or was a customer of Employer during Employee’s employment with Employer; 
  

 -4- 

 (d) whether for Employee’s own account or the account of any other Person (i) at any time during the
Term and the Post-Employment Period, solicit, employ, or otherwise engage as an employee, independent contractor, or otherwise, any Person who is or was an employee of Employer at any time during the Employee’s employment with the Employer or
in any manner induce or attempt to induce any employee of Employer to terminate his employment with Employer; or (ii) at any time during the Term or the Post-Employment Period, interfere with Employer’s relationship with any Person, including
any Person who at any time during the Term was an employee, contractor, supplier, or customer of Employer; or 
  
 (e) at any time during or after the Term, disparage Employer or any of its shareholders, directors, officers, employees or agents. 
  
 5.3. For purposes of Section 5.2, the term “Post-Employment Period”
means the longer of (i) one (1) year after the date Employee’s employment is terminated for any reason or (ii) up to three (3) years after the date Employee’s employment is terminated for any reason, as requested by any acquirer in a
Transaction (as defined in the Agreement). 
  
 5.4. If any
covenant in this Section 5 is held to be unreasonable, arbitrary or against public policy, such covenant will be considered to be divisible with respect to scope, time and geographic area, and such lesser scope, time or geographic area, or all of
them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary and not against public policy, will be effective, binding and enforceable against Employee. 
  
 5.5. The period of time applicable to any covenant in this Section 5 will be extended by the duration of any violation by
Employee of such covenant. 
  
 5.6. Employee will, while the
covenant under this Section 5.2 is in effect, give notice to Employer, within ten (10) days after accepting any other employment, of the identity of Employee’s employer. Employer may notify such employer that Employee is bound by this
Confidentiality Agreement and, at Employer’s election, furnish such employer with a copy of this Confidentiality Agreement or relevant portions thereof. 
  
 6. Disputes or Controversies. Employee recognizes that should a dispute or controversy arising from or relating to this Confidentiality Agreement be submitted for
adjudication to any court, arbitration panel or other third party, the preservation of the secrecy of Confidential Information may be jeopardized. All pleadings, documents, testimony, and records relating to any such adjudication will be maintained
in secrecy and, subject to the order of such court, arbitration panel or other third party, will be available for inspection by Employer, Employee, and their respective attorneys and experts, who will agree, in advance and in writing, to receive and
maintain all such information in secrecy, except as may be limited by them in writing. 
  
 7. Injunctive Relief. Employee acknowledges that any breach of this Confidentiality Agreement may result in irreparable and continuing damage to Employer for which there can be no adequate remedy at law, and in the event of any such
breach, Employer shall be entitled to seek immediate injunctive relief and other equitable remedies in addition to such other and further relief as may be proper. Employer’s obligation to post an undertaking in support of a petition for
injunction under this Section will be determined under the applicable law and in an amount to be determined by the court. 
  

 -5- 

 8. No Contrary Agreement. Employee represents that his performance of all the terms of the Agreement and this
Confidentiality Agreement will not breach any agreement to keep in confidence any proprietary information acquired by him in confidence or in trust prior to his employment by Employer. Employee has not entered into, and will not enter into, any
agreement either written or oral in conflict with this Confidentiality Agreement or in conflict with the Agreement. 
  
 9. Term of Employment. Nothing in this Confidentiality Agreement is intended to describe or define the conditions under which Employee’s employment may be
terminated, which conditions are described in the Employment Agreement. 
  
 10.
Limitation. Employee agrees that this Confidentiality Agreement does not purport to set forth all of the terms and conditions of his employment, and that as an employee of Employer he has obligations to Employer which are not set forth in
this Confidentiality Agreement. 
  
 11. Applicable Law. Employee agrees
that any dispute in the meaning, effect or validity of this Confidentiality Agreement will be resolved in accordance with the laws of Indiana without regard to the conflict of laws provisions to this Confidentiality Agreement. Employee further
agrees that if one or more provisions of this Confidentiality Agreement are held to be illegal or unenforceable under applicable Indiana law, such illegal or unenforceable portion(s) will be revised to make them legal and enforceable. The remainder
of this Confidentiality Agreement will otherwise remain in full force and effect and enforceable in accordance with its terms. 
  
 12. Binding Nature. This Confidentiality Agreement will be effective as of the date executed and will be binding upon Employee, his heirs, executors, assigns, and
administrators and will inure to the benefit of Employer, its subsidiaries, successors and assigns. Further, this Confidentiality Agreement supersedes prior or contemporaneous agreements and understandings on the same subject. 
  
 13. Modification. This Confidentiality Agreement only can be modified by a subsequent
written agreement executed by both the Employer and the Employee. 
  
 Effective as
of August 13, 2004 
  

	
	 /s/    Vincent Roach

	Vincent Roach

  

 -6- 

 EXHIBIT B 
  
 GENERAL RELEASE 
  
 THIS GENERAL RELEASE (this “Release”) is entered into effective as of
                         (“Effective Date”) by and between DAOU Systems, Inc., a Delaware corporation (“the
Company”), and Vince Roach, an individual resident of Florida (“Employee”), with reference to the following facts: 
  
 RECITALS 
  
 A. The parties entered into an Amended and Restated Employment Agreement effective as of August 13, 2004 (the “Agreement”). Pursuant to the
terms and conditions of the Agreement, and contingent upon satisfaction of the conditions described in the Agreement, Employee would become eligible for severance payments, in exchange for Employee’s release of the Company from all claims which
Employee may have against the Company through the Separation Date. 
  
 B. The parties desire to dispose of, fully and completely, all claims which Employee may have against the Company in the manner set forth in this Release. 
  
 AGREEMENT 
  
 1. Release. In exchange for the consideration described in the Agreement, receipt of which is hereby acknowledged, Employee, for himself and his heirs, successors
and assigns, fully releases, and discharges the Company and its officers, directors, employees, shareholders, attorneys, accountants, other professionals, insurers and agents (collectively “Agents”), and all entities related to the Company
and its Agents, including, but not limited to, heirs, executors, administrators, personal representatives, assigns, parent, subsidiary and sister corporations, affiliates, partners and co-venturers (collectively, “Related Entities”), from
all rights, claims, demands, actions, causes of action, liabilities and obligations of every kind, nature and description whatsoever, Employee now has, owns or holds or has at anytime had, owned or held or may have, own or hold against the Company,
Agents or Related Entities from any source whatsoever, whether or not arising from or related to the facts recited in this Release. Employee specifically releases and waives any and all claims arising under any express or implied contract, rule,
regulation or ordinance, including, without limitation, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans with Disabilities Act, and the Age Discrimination in Employment Act, as amended (“ADEA”), and
any applicable state law. 
  
 2. This Release is intended as a full and complete
release and discharge of any and all claims that Employee may have against the Company, Agents or Related Entities through the Separation Date. In making this release, Employee intends to release the Company, Agents and Related Entities from
liability of any nature whatsoever for any claim of damages or injury or for equitable or declaratory relief of any kind, whether the claim, or any facts on which such claim might be based, is known or unknown to him. Employee acknowledges that he
may discover facts different from or in addition to those that he now believes to be true with respect to this Release. Employee agrees that this Release shall remain effective notwithstanding the discovery of any different or additional facts.

 3. Waiver of Certain Claims. Employee acknowledges that, with this Release, he has been advised in writing of his
right to consult with an attorney prior to executing the waivers set out in this Release, and that he has been given a 21-day period in which to consider entering into the release of ADEA claims, if any. In addition, Employee acknowledges that he
has been informed that he may revoke a signed waiver of the ADEA claims for up to seven (7) days after executing this Release with this Release not becoming effective until the expiration of the seven-day revocation period. . 
  
 4. No Undue Influence. This Release is executed voluntarily and without any duress or
undue influence. Employee acknowledges he has read this Release and executed it with his full and free consent. No provision of this Release shall be construed against any party by virtue of the fact that such party or its counsel drafted such
provision or the entirety of this Release. 
  
 5. Confidentiality of Agreement
and Release. Employee further agrees to keep confidential the terms of the Agreement and this Release and to refrain from disclosing any information regarding the Agreement, this Release and their respective terms to any third party, unless
required to do so (a) by a regulatory body (e.g. filings with the Securities Exchange Commission); (b) in financial disclosures to auditors or in audited financial statements; or (c) under oath, if properly ordered, in a court of competent
jurisdiction. Employee agrees to notify the Company in writing upon first notification that he may be required by law to disclose any information deemed confidential by the Agreement or this Release. Notice must be provided in sufficient time for
the party receiving notice to oppose or otherwise respond to the request. 
  
 6.
Governing Law. This Release is made and entered into in Indiana and accordingly the rights and obligations of the parties hereunder shall in all respects be construed, interpreted, enforced and governed in accordance with the laws of Indiana
as applied to contracts entered into in Indiana to be wholly performed within Indiana. 
  
 7. Severability. If any provision of this Release is held to be invalid, void or unenforceable, the balance of the provisions of this Release shall, nevertheless, remain in full force and effect and shall in no way be affected,
impaired or invalidated. 
  
 8. Counterparts. This Release may be executed
simultaneously in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Release may be executed by facsimile, with originals to follow by overnight courier.

  
 9. Arbitration. Any dispute or claim arising out of this Release shall
be subject to final and binding arbitration. The arbitration will be conducted by one arbitrator who is a member of the American Arbitration Association (the “AAA”) and will be governed by the Model Employment Arbitration rules of the AAA.
All fees and costs will be allocated to the parties to the arbitration as determined by the arbitrator; provided, however, that each party will pay one-half of the estimated arbitrator’s fees up front; and, if either party fails to do so, then
a default will be entered against such party solely with respect to such fees. Any determination of the arbitrator 
  

 -19- 

 shall be final and binding on the parties. Nothing in this Release will prevent a party from applying to a court that
would otherwise have jurisdiction for provisional or interim injunctive or other equitable measures. 
  
 10. Entire Agreement. This Release constitutes the entire agreement of the parties with respect to the subject matter of this Release, and supersedes all prior and contemporaneous negotiations, agreements and
understandings between the parties, oral or written. 
  
 11. Modification;
Waivers. No modification, termination or attempted waiver of this Release will be valid unless in writing, signed by the party against whom such modification, termination or waiver is sought to be enforced. 
  
 12. Amendment. This Release may be amended or supplemented only by a writing signed by
Employee and the Company. 
  

											
	 DAOU Systems, Inc.
	 	 	 	 	 	 VINCE ROACH

						
	 By:
	 	  

	 	 	 	 	 	 By:
	 	  

	 Its:
	 	  

	 	 	 	 	 	 	 	 Vince Roach

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]