Document:

Document

Exhibit 10.15

Grantee:   
Shares:     

MATRIX SERVICE COMPANY
AWARD AGREEMENT

[Date]

«Grantee»
«Address1»
«Address2»
«City», «State» «PostalCode»

Dear «FirstName»:

1. Award.  The awards set forth in this Award Agreement (the "Award Agreement") are subject to your acceptance of and agreement to all of the applicable terms, conditions, and restrictions described in the 2018 Stock and Incentive Compensation Plan (the "Plan"), of Matrix Service Company, a Delaware corporation (the "Company") a copy of which is on file with, and may be obtained from, the Secretary of the Company, and to your acceptance of and agreement to the further terms, conditions, and restrictions described in this Award Agreement.  To the extent that any provision of this Award Agreement conflicts with the expressly applicable terms of the Plan, it is hereby acknowledged and agreed that those terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan.

2. Restricted Stock Units and Performance Unit Long-Term Incentive Award.  

(a) Restricted Stock Units and Performance Units Awards.  The Company hereby grants to you an aggregate of up to «Shares» restricted stock units (individually, an "RSU," and collectively, "RSUs") as more specifically set forth in Section 2(e).  This grant of RSUs is comprised of up to [Shares] "Stock-Based RSUs" and up to [Shares] "Cash-Based RSUs."  Each Stock-Based RSU entitles you to receive one share of common stock, par value $.01 per share, of the Company (the "Shares") at such time as the restrictions described in Section 2(d)(ii) lapse as described in Section 2(e)(i).  Each Cash-Based RSU entitles you to receive an amount of cash equal to the value of one Share based on the closing price of the Shares at such time as the restrictions described in Section 2(d)(ii) lapse as described in Section 2(e)(i).  In addition, the Company hereby grants to you an aggregate of up to «Shares» performance units (individually, a "Performance Unit," and collectively, "Performance Units").  Each Performance Unit entitles you to receive up to two Shares at such time as the restrictions described in Section 2(d)(ii) lapse as described in Section 2(e)(ii).

(b) Form of Restricted Stock; Possession of Certificates.  The Company shall issue the Shares you become entitled to receive hereunder by book-entry registration or by issuance of a certificate or certificates for the Shares in your name as soon as practicable after the restrictions in Section 2(d)(ii) lapse as described in Section 2(e).  In the event the Company issues a certificate or certificates for the Shares, such certificates shall be subject to such stop transfer orders and other restrictions as the committee of the Board of Directors that administers the Plan may deem necessary or advisable under the Plan and rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are then listed, and any applicable foreign, federal or state securities laws.  

(c) Stockholder Rights Prior to Issuance of Shares.  Neither you nor any of your beneficiaries shall be deemed to have any voting rights, rights to receive dividends or other rights as a stockholder of the Company with respect to any Shares covered by the RSUs or the Performance Units until the date of book-entry registration or issuance by the Company of a certificate to you for such Shares. 

(d) Restrictions.

(i) Your ownership of the RSUs and Performance Units shall be subject to the restrictions set forth in subsection (ii) of this Section 2(d) until such restrictions lapse pursuant to the terms of Section 2(e).

(ii) The restrictions referred to in subsection (i) of this Section 2(d) are as follows:

(A) At the time of your termination of employment with the Company or an Affiliate, other than a termination of employment that occurs as a result of an event described in any of Subsections (iii) through (vii) of Section 2(e), you shall forfeit the RSUs and Performance Units to the Company and all of your rights thereto shall terminate without any payment of consideration by the Company.  

(B) You may not sell, assign, transfer or otherwise dispose of any RSUs or Performance Units, or any rights under the RSUs or Performance Units.  No RSU or Performance Unit and no rights under any such RSU or Performance Unit may be pledged, alienated, attached or otherwise encumbered, other than by will or the laws of descent and distribution.  If you or anyone claiming under or through you attempts to violate this Section 2(d)(ii)(B), such attempted violation shall be null and void and without effect, and all of the Company's obligations hereunder shall terminate.

                        (e)       Lapse of Restrictions.

(i) The restrictions described in Section 2(d)(ii) shall lapse with respect to the RSUs in four equal installments of 25 percent each on each of the first, second, third and fourth anniversaries of the date of this Award Agreement, such that the restrictions set forth in Section 2(d)(ii) shall have lapsed with respect to 100 percent of the RSUs on the fourth anniversary of the date of this Award Agreement.

(ii) The restrictions described in Section 2(d)(ii) shall lapse with respect to the Performance Units on the third anniversary of the date of this Award Agreement (the "Measurement Date"), but only if and to the extent the Committee certifies in writing that the "Shareholder Return Goals" set forth in this subsection (ii) are met.  The Shareholder Return Goals are as follows:

									
	Shareholder 
Return Goal
	Total
Shareholder Return
	Percentage of Performance Units for 
Which Conditions are Satisfied

			
	Threshold Total Shareholder Return Goal	____ percentile of Peer Group
	___%
	Above Threshold Total Shareholder Return Goal	
____ percentile of Peer Group	___%

	Target Total Shareholder Return Goal	____ percentile of Peer Group	___%
	Above Target Total Shareholder Return Goal	____ percentile of Peer Group	___%
	Maximum Total Shareholder Return Goal	____ percentile of Peer Group	___%

The Committee shall certify on a nondiscretionary basis whether and the extent to which the Shareholder Return Goals have been met on or before the date on which the Company is required to make a book-entry registration or issue a certificate for Shares relating to the achievement of Shareholder Return Goals as set forth in Section 2(e)(viii).  In the event the Committee certifies that the Threshold Total Shareholder Return Goal has not been met, then all of the Performance Units will be forfeited to the Company.  In the event the Committee certifies that the Company has achieved the Maximum Total Shareholder Return Goal, the conditions shall be deemed to have been satisfied and the restrictions on a number of Performance Units equal to all of the Performance Units multiplied by two shall be removed as of the Measurement Date.  In the event the Committee certifies that the Company has achieved a Total Shareholder Return that is between any of the Total Shareholder Return Goals set forth above, then the conditions with respect to the Performance Units shall be deemed to have been met for the number of Performance Units determined by linear interpolation between such Shareholder Return Goals and the restrictions on such Performance Units shall be removed as of the Measurement Date and the remainder of the Performance Units will be forfeited to the Company.  The Committee has the final authority to determine on a nondiscretionary basis whether the Shareholder Return Goals have been met and to what extent.  Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, in the event that the Committee certifies that the Company has achieved a Total Shareholder Return which is above the ____ percentile of the Peer Group but the Total Shareholder Return of the Company is less than zero, then the conditions with respect to the Performance Units shall be deemed to have been satisfied and the restrictions on a number of Performance Units equal to the Above Target Total Shareholder Return Goal shall be removed as of the Measurement Date and the remainder of the Performance Units will be forfeited to the Company.

For purposes of measuring the Shareholder Return Goals with respect to the Company and each of the companies in the Peer Group: "Total Shareholder Return" shall mean the total shareholder return calculated by subtracting 1 from the following fraction:

Numerator: Ending Stock Value 

Denominator: 

"Beginning Stock Value" shall mean, with respect to the Company and each of the companies in the Peer Group, $100, invested in common stock at the average closing stock price of such company for each of the trading days in the period covering April, May and June of ____; "Ending Stock Value" shall mean, with respect to the Company and each of the companies in the Peer Group, the average closing stock price of such company of one share of common stock for each of the trading days in the period covering April, May and June of ____ multiplied by the sum of the number of shares represented by the Beginning Stock Value initial $100 investment plus such additional shares resulting from all dividends paid on common stock during the three-year measurement period being treated as though they are reinvested on the applicable ex-dividend dates at the applicable closing prices on such dates; and "Peer Group" shall mean ____________.  The Company's ranking relative to members of the Peer Group will be determined by listing the Company and members of the Peer Group from highest to lowest Total Shareholder Return achieved by the respective company and counting down from the company with the highest Total Shareholder Return to the Company's position within such list.  In all events, the Total Shareholder Return of any member of the Peer Group shall be adjusted to give effect to any stock dividends, stock splits, reverse stock splits and similar transactions.  If a company or companies in the Peer Group files for bankruptcy at any time prior to __________ (the "Performance Period Termination Date"), then such company or companies shall have the lowest ranking in the Peer Group.  If the common stock of a company or companies in the Peer Group ceases to trade on a national securities exchange as a result of a going private transaction or other acquisition at any time prior to the Performance Period Termination Date, then such company or companies shall be removed from the Peer Group.  

(iii) Notwithstanding the provisions of subsections (i) and (ii) of this Section 2(e), the restrictions described in Section 2(d)(ii) shall lapse with respect to the RSUs and the Performance Units (as if the Target Total Shareholder Return Goal had been met) upon the occurrence of your death or "Disability."

The term "Disability" shall mean your inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not less than 12 months.  For purposes of this Section 2(e)(iii), the Target Performance Goal shall be deemed to have been met on the date the restrictions lapse by reason of the occurrence prior to the Measurement Date of either of the foregoing events, so that the conditions on issuance of 100 percent of the Performance Units shall be deemed satisfied on the date of such event.

(iv) Notwithstanding the provisions of subsection (i) of this Section 2(e), upon the occurrence of your "Retirement," the restrictions described in Section 2(d)(ii) automatically and with no exercise of discretion of the Committee shall lapse with respect to all of your remaining RSUs and be settled upon the earliest to occur of (A) the normal lapsing schedule set forth in Section 2(e)(i) hereof and (B) your death.  Notwithstanding any other provision of this subsection (iv), in the event that you Retire within one year of the date of this Award Agreement, the restrictions will not lapse on any portion of the RSUs represented by this Award Agreement and all such remaining RSUs shall immediately be forfeited.    

The term "Retirement" or "Retire" shall mean your voluntary "Separation from Service" (as defined in Code Section 409A), on or after the date (A) on which you attain age 65 or (B) on which you attain age 60 and have completed at least ten years of continuous service as an employee of the Company or an Affiliate.

(v) Notwithstanding the provisions of subsection (ii) of this Section 2(e), in the event that you Retire prior to the Measurement Date and the Committee subsequently determines and certifies that the Company has achieved a Shareholder Return Goal at a level at or above the Threshold Shareholder Return Goal, the restrictions described in Section 2(d)(ii) shall lapse with respect to a pro rata number of Performance Units equal to the total number of Performance Units for which the restrictions would have lapsed on the Measurement Date under Subsection (ii) of this Section 2(e) if you had not Retired prior to the Measurement Date, multiplied by a fraction, the numerator of which is equal to the number of full and partial months elapsed from the date of the Award to the date of your Retirement, and the denominator of which is 36.

(vi) Notwithstanding the provisions of subsections (i) and (ii) of this Section 2(e), in the event of a Change of Control of the Company, this Award Agreement may be continued or assumed by the continuing or successor (as the case may be) organization (the "Successor"), or the Successor may substitute an equivalent award.  With respect to any RSUs that are continued, assumed or substituted for in accordance with this subsection (vi), the restrictions described in Section 2(d)(ii) shall continue to lapse with respect to such RSUs (as the same may be adjusted in accordance with this subsection (vi)) as set forth in Section 2(e)(i) hereof._ With respect to any Performance Units that are continued, assumed or substituted for in accordance with this subsection (vi), the Shareholder Return Goals set forth in Section 2(e)(ii) shall be deemed to have been satisfied (as if the greater of the Target Total Shareholder Return Goal or the Company’s actual performance in relation to the Shareholder Return Goal as of the date of the Change of Control had been met) and the restrictions described in Section 2(d)(ii) shall lapse with respect to the Performance Units (as the same may be adjusted consistent with this subsection (vi)) in equal installments on the anniversary dates of this Award Agreement ending on the fourth anniversary of this Award Agreement; provided, however, in the event you incur a voluntary Separation from Service after suffering an "Adverse Event" or incur an involuntary Separation from Service not for "Cause," in connection with a Change of Control or at any time ending with the earlier to occur of the second anniversary of the Change of Control or the Measurement Date, the restrictions described in Section 2(d)(ii) shall immediately lapse with respect to the RSUs and the Performance Units (as if the greater of the Target Total Shareholder Return Goal or the Company’s actual performance in relation to the Shareholder Return Goal as of the date of the Change of Control had been met).  

The term "Adverse Event" shall as to any Participant mean:

(A) a material reduction of the Participant’s authorities, duties, or responsibilities with the Company;

(B) a material reduction of the Participant’s annual salary or a material reduction in the Participant’s target annual incentive compensation, in each case other than a reduction which is applicable to all employees in the same salary grade as the Participant; or

(C) a transfer of the Participant’s primary workplace by more than thirty-five (35) miles.

If a Participant purports to terminate his or her employment after suffering an Adverse Event, the Participant must give the Company written notice of his or her intent to terminate within sixty (60) calendar days of the occurrence of the event that allegedly constitutes an Adverse Event. The Company shall have a right to cure the event alleged to constitute an Adverse Event for a period of thirty (30) calendar days after notice from the Participant of his or her intention to terminate.

The term "Cause" shall mean your theft of company property, embezzlement or dishonesty that results in harm to the Company or any Successor; your continued gross or willful neglect of your job responsibilities after receiving written warnings regarding such neglect from the Company or any Successor; your conviction of a felony or pleading nolo contender to a felony charged under state or federal law; or your willful violation of Company policy or the policies of any Successor.

(vii) Notwithstanding the provisions of subsections (i) and (ii) of this Section 2(e), in the event a Change of Control of the Company occurs and this Award Agreement is not continued or assumed by the Successor and the Successor does not substitute an equivalent award, the restrictions described in Section 2(d)(ii) shall immediately lapse with respect to the RSUs and the Performance Units (as if the greater of the Target Total Shareholder Return Goal or the Company’s actual performance in relation to the Shareholder Return Goal as of the date of the Change of Control had been met).  

(viii) On the date of the lapse of the restrictions in accordance with this Section 2(e), or in any event, no later than the earlier of ninety (90) days after such date or two and one half months following the end of the calendar year in which the restrictions lapsed in accordance with Section 2(e), the Company will make a book-entry registration or will issue you a certificate as provided in Section 2(b) of this Award Agreement for the Shares covered by such Stock-Settled RSUs and Performance Units in redemption of such RSUs and Performance Units and will pay you by check in redemption of the Shares covered by such Cash-Settled RSUs.    

3. Agreement with Respect to Taxes; Share Withholding.  

(a) You agree that (1) you will pay to the Company or an Affiliate, as the case may be, in cash, or make arrangements satisfactory to the Company or such Affiliate regarding the payment of any taxes of any kind required by law to be withheld by the Company or any of its Affiliates with respect to the  Stock-Settled RSUs, the Cash-Settled RSUs, the Performance Units and/or the Shares and (2) the Company or any of its Affiliates shall, to the extent permitted by law, have the right to deduct from any payments of any kind otherwise due to you any taxes of any kind required by law to be withheld with respect to the Stock-Settled RSUs, the Cash-Settled RSUs, the Performance Units and the Shares.

(b) With respect to withholding required upon the lapse of restrictions or upon any other taxable event arising as a result of the RSUs and Performance Units awarded or the issuance of Shares to you, you may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be withheld on the transaction (or such other amount that will not cause adverse accounting consequences for the Company and is permitted under the Plan and applicable withholding rules promulgated by the Internal Revenue Service or other applicable governmental entity). All such elections shall be irrevocable, made in writing, signed by you, and shall be subject to any restrictions or limitations that such Committee, in its sole discretion, deems appropriate.

4. Adjustment of Shares.  The number of Shares subject to the RSUs and Performance Units awarded to you under this Award Agreement may be adjusted as provided in the Plan.  

5. Agreement With Respect to Securities Matters.  You agree that you will not sell or otherwise transfer any Shares received pursuant to this Award Agreement except pursuant to an effective registration statement under the U.S. Securities Act of 1933, as amended, or pursuant to an applicable exemption from such registration.  Unless a registration statement relating to the Shares issuable upon the lapse of the restrictions on the RSUs and Performance Units pursuant to this Award Agreement is in effect at the time of issuance of such Shares, the certificate(s) for the Shares shall contain the following legend:  

The securities evidenced by this certificate have not been registered under the Securities Act of 1933 or any other securities laws.  These securities have been acquired for investment and may not be sold or transferred for value in the absence of an effective registration of them under the U.S. Securities Act of 1933 and any other applicable securities laws, or receipt by the Company of an opinion of counsel or other evidence acceptable to the Company that such registration is not required under such acts.  

            6. Forfeiture and Clawback.  

(a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including without limitation, the non-solicitation provisions of Section 7 below, you will forfeit in their entirety the  RSUs and the Performance Units, and all of your rights thereto shall terminate without any payment of consideration by the Company. 

(b) Notwithstanding any other provision of the Plan or this Award Agreement to the contrary, you acknowledge that any incentive-based compensation paid to you hereunder may be subject to recovery by the Company under any clawback policy which the Company may adopt from time to time, including without limitation the Company's existing policy and any policy which the Company may be required to adopt under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Company's common stock may be listed. You agree to promptly return any such incentive-based compensation which the Company determines it is required to recover from you under any such clawback policy. 

7. Non-Solicitation.  

(a) Non-Solicitation of Employees.  During the period beginning on the date of this Award Agreement and ending on the second anniversary of the date of your termination of employment with the Company or an Affiliate, regardless of the reason for your termination of employment, you shall not, directly, or indirectly by assisting others: (i) cause or attempt to cause or encourage any employee of the Company or an Affiliate to terminate his or her relationship with the Company or an Affiliate or (ii) solicit the employment or engagement as a consultant or adviser, of any employee of the Company or an Affiliate or any former employee of the Company or an Affiliate who left the employ of the Company or Affiliate within two years following your termination of employment with the Company or an Affiliate.

(b) Reasonableness of Restriction.  You agree and acknowledge that the above non-solicitation covenant is reasonable in the scope of activities restricted, the geographic area covered by the restriction and the duration of the restriction, and is necessary in that it protects the legitimate business interests of the Company and its Affiliates in its confidential information, its proprietary work, and its relationships with its employees, customers, suppliers and agents and that it does not unreasonably impair your ability to earn a livelihood or to support your dependants.

(c) Irreparable Harm; Injunctive Relief.  You agree and acknowledge that a violation by you of the non-solicitation covenant contained herein will result in immediate and irreparable harm to the Company for which there is no adequate remedy at law.  You hereby agree that the Company will be entitled, in addition to any remedies it might have under this Award Agreement or at law, to injunctive and other equitable relief to prevent or curtail any threatened or actual breach of this Award Agreement by you, without the posting of bond or other security.

(d) Extension of Covenant.  During any breach of the non-solicitation provisions of this Award Agreement, the period of restraint set forth herein shall be automatically tolled and suspended for the amount of time that the violation continues.

(e) Survival of Covenants.  Your obligations pursuant to this Section 7 shall survive the termination of this Award Agreement and the termination of your employment with the Company or an Affiliate.

(f) Attorneys' Fees.  You agree to pay the Company any attorneys' fees and costs which the Company incurs in enforcing, to any extent, the provisions of this Section 7, whether or not litigation is actually commenced, and including any appeal.

8. Compliance with 409A.  The Company intends that this Award Agreement and the Plan either (a) comply with Section 409A and guidance thereunder or (b) be excepted from the provisions of Section 409A. Accordingly, the Company reserves the right and you agree that the Company shall have the right, without your consent and without prior notice to you, to amend either or both this Award Agreement and the Plan to cause this Award Agreement and the Plan to be so compliant or so excepted and to take such other actions under the Plan and this Award Agreement to achieve such compliance or exception.

9. Certain Definitions.  Capitalized terms used in this Award Agreement and not otherwise defined herein shall have the respective meanings provided in the Plan.

10. Designation of Beneficiary.  Your beneficiary for receipt of any payment made under this Award Agreement in the event of your death shall be the person(s) designated as your beneficiary(ies) on a form prescribed by the Company.  If no beneficiary is designated, upon your death, payment shall be made to your estate.  

[Signature Page to Follow]

If you accept this Award Agreement and agree to the foregoing terms and conditions, please so confirm by signing and returning the duplicate copy of this Award Agreement enclosed for that purpose.

MATRIX SERVICE COMPANY

By:                                                                            

Name:                                                                       

Title:                                                                         

The foregoing Award Agreement is accepted by me as of                                                  , and I hereby agree to the terms, conditions, and restrictions set forth above and in the Plan.

                                                                                  
«Grantee»Document

Exhibit 10.15

November 1, 2012
PRIVATE AND CONFIDENTIAL
Ed Kilroy
[***]

Dear Ed:
Re: Offer of Employment
It is our great pleasure to offer you the position of Chief Executive Officer ("CEO") of DashRX, Inc., a Delaware  company and the parent company of the corporate group ("DashRX"), and its Canadian subsidiary, Novarex Canada Inc.  (collectively, "we", "us", "our" or the "Company"). On behalf of the Board of Directors (the "Board") and the senior management team, we are very pleased and enthused about the  prospect of you leading our organization as its  CEO.  What follows are the terms and conditions of our offer of employment:
1.Duties. You will  be employed  as  Chief  Executive  Officer of the Company, reporting  to  the Board.  You  will  also  serve  as a member of the  Board until  the  earlier of (i) the termination, resignation or other  cessation  of your  employment with  the  Company, or (ii)  your  resignation from  the  Board.  You will undertake such  duties  as are consistent with  the office  of the CEO  as may from  time  to time be assigned to or vested in you by the Board.
2.Commencement Date. Your employment with us will begin on or about November 5, 2012 ("Commencement Date").
Time and Attention.  During the term of your employment with  the  Company,  you  agree  that you  will  devote  all of your business time and attention to the business of the Company, that the Company will be entitled to all of the benefits  and profits  arising from  or incident to your work services and advice,  that you  will not render commercial or professional services  of any nature to any person or organization whether or not for compensation, without the prior  written consent of the  Board. Nothing  in  this  letter  agreement will  prevent  you  from accepting  speaking  or presentation engagements in exchange for honoraria or, subject to the prior written consent of the Board,  from  serving on boards of non-competitive  organizations - the  Company acknowledges your  current involvement as a Board member of Ballard Power  Systems  Ltd. and Cirba  Inc.,  and that such involvement shall not offend  this section.
3.Base Salary and  Other Compensation.
Base Salary: You will be paid an annual salary of Cdn. $300,000.00 (gross) subject to required statutory and other deductions ("Base Salary"). Your Base Salary will be paid on a bi-weekly basis directly into a bank account designated by you.
Short Term Incentive Plan (STIP):  The  Board  has  implemented  a Short-Term  Incentive  Plan ("STIP"),  pursuant to which,  each  year,  certain employees of the  Company may  be  eligible to receive  a payment (in  cash  or  other form  of equity  based  compensation  as determined by  the Board)  calculated  as  a percentage  of their  Base  Salary, subject  to  the  satisfaction  of specified individual and corporate milestones, established by the Board from  time to time (the "Milestones").  In addition to your  Base Salary, you will be eligible to participate in the STIP commencing January  1, 2013.  The bonus  payment you will be eligible  to receive  under the STIP shall  be 40% of your  Base Salary  at target upon achievement of the  Milestones. Based  on the attainment  of certain  "stretch"  milestones to be  agreed to in writing between yourself and  the Board,  attainment of such  milestones  may  result in  such  STIP bonus  exceeding 40%  of Base Salary  to a maximum of 100% of Base Salary.
For the 2013 calendar year, entitlement to bonus under the STIP will be based  on the achievement of the milestones described in Schedule  "A"  hereto (wherein it is indicated whether the Milestone relates to the 40% target  payout or the incremental payout up  to 100%).  STIP payments typically are paid  out on or about April 30 of the following calendar year.
						
		/s/ EK
		Initial

2

By no later than  March 1  of each subsequent calendar year, commencing with  the calendar year 2014, Milestones  and  stretch  milestones will  be established in respect  of each  such  calendar  it being understood that receipt of a STIP bonus  in any one year does not reflect entitlement to any bonus  in any subsequent year.
Compensation Review:  Your total compensation will be reviewed at least annually by the Board (or by the Compensation Committee thereof, if, as and when established).
4.Employee Stock Option Plan. Pursuant to the  Board-approved  Employee Stock  Option Plan (the  "ESOP Plan"),  and  subject  to  your actual commencement  of employment,  you   will  be granted stock options in  the  equity  capital  of DashRX  ("Stock Options").   Certain of  the  key features of the  ESOP Plan  and your  Stock Option  grant  are summarized below. Note that this summary  is qualified  in its entirety  by the ESOP Plan and  the Option  Agreement each  of which have  been provided to you for your reference  and at all times will govern  the grant.
(i)Initial Grant: You have  been  granted 317,554 Stock Options, which,  based on  a capitalization  on  the  date hereof  of  6,351,088  common shares   fully-diluted, represent 5.00% of the  fully-diluted  common equity  of DashRX  as  of the  date hereof  (the "Initial Grant").
(ii)Strike/Exercise Price: The strike  or  exercise price  for the  Stock  Options in the Initial Grant will reflect  the  fair market value  on  the  valuation date, which is anticipated to  be  October 12,  2012. The  Board is  currently working with  an accredited  business valuator  who   has  been retained  to  determine  such fair market value pursuant to the requirements of Section 409a of the US Tax Code. The  Board  anticipates that such  exercise  will  yield  a final  determination of the applicable share price by on or about  December 1, 2012, and will  provide such figure to you for reference  promptly thereafter.
(iii)Further Details Re Current Capitalization: For purposes of clarity, we have summarized in Schedule "B" attached to this letter, the capitalization table  as of the  date  hereof, and certain  key characteristics of the Series A preferred shares that were issued  as part of the Series  A Closing  recently completed on  October 12, 2012.
5.Vacation. You will be entitled to 5 weeks  paid  vacation during each calendar year.  If you  do not take your vacation in the applicable calendar year, you may  use it in the first three (3) months of the following year, however, if you  do not use it by that date, then any  amount in excess  of the statutory minimum amount will be forfeited. Vacation  in the first and last years of employment will be pro-rated to reflect the actual  time worked with  the Company in  that year.   For certainty, you will receive 5 paid  vacation days for the remainder of the 2012 year.
6.Benefits.  You  will be  immediately  eligible  for  group  health  benefits,  offered  generally to  all Company employees, in accordance with  the governing terms  of those  plans,  which  terms  have been  made available to you in advance  of this offer.  The group  benefit plans  may be amended at the  Company's  sole  discretion  from  time  to  time,  and  so  long  as the  modified  terms apply generally  to  employees, you  agree  that  any  such  modification  will  not  constitute  a  material change  of your terms  of employment.
7.Expenses. You shall be entitled to be reimbursed  for all reasonable expenses duly  and properly incurred for the performance of your  duties  if approval of said  expenses is obtained in advance by the Board.
8.Hours of Work. You are expected to work  not less  than 40 hours a week,  which  work may be performed  after hours in the  evening  or on weekends where required.  Managerial positions are not overtime eligible.   Your salary  includes payment for all hours worked, and  your position is not eligible for overtime pay.
9.Policies. You agree  that you will comply  with the policies  and procedures of the Company.
10.Confidentiality
						
		/s/ EK
		Initial

3

(a)You  recognize  that in  the  performance of your duties you  will  acquire detailed  and confidential knowledge of the Company's operations and other  confidential information and documents including, but not limited to, information and documents that are:
(i)of a  technical  nature, such  as methods, know-how, processes, layouts, computer programs and similar items; and
(ii)of a business nature, such as information about  operations or operational plans,  personnel   or  personnel  plans,  development  plans,   marketing plans, sales or acquisition plans,  and leasing plans; information about the Company's finances,  costs  or profits;  information about the Company's business relationships and  clients;  and information  about  markets and the Company's current business plans and strategies,
together, referred to as "Confidential Information".
(b)You  agree  that you will safeguard the Confidential Information, and  will not in any way, including through social media, use,  divulge, furnish  or make  accessible  to any person, other than in the fulfillment of your  duties to the Company, or as required by law, either during your employment or at  any time  thereafter,  any Confidential Information which is  acquired  by  you in  the  course  of  your   employment  with the  Company.  These obligations will not be applicable to the extent that information is in the public domain at the time of its disclosure through no breach by you of this Agreement.
(c)You agree  not  to transfer (i)  the contact information  of Company customers with  whom you  have  had direct business  contact in  the  twelve  months immediately  preceding the last day on which  you provide services  to the Company, or (ii) the contact information of Company employees with whom  you work, to your  LinkedIn account or any other  social media  site. You specifically acknowledge  that you  have a positive obligation to protect, and  not to disclose  or  use  the  Company's Confidential Information while  engaging in social media  activity  of any nature.
(d)Any   breach   of  Section 11 shall  be grounds  for  immediate  termination  for  cause. Additionally,  you   also agree and understand  that  any  disclosure or  use made  of Confidential Information, other  than  within the  terms  contemplated in this  Agreement, may  cause  irreparable  harm   and damage to  the  Company  as  a  result  of  which the Company may, at its option,  pursue any and  all remedies at law or in equity  to which it may be entitled as a result  of any such disclosure or use.
(e)In  performing  your duties   for  the Company,  you  must  not use or disclose any confidential  or  proprietary  information  belonging  to  another entity  that  you are  not authorized to use or disclose.
11.Intellectual Property
(a)All Confidential Information, inventions, works,  trade  secrets,  trade-marks, copyrights, moral rights, patents, designs,  ideas, creations,  developments, formulas,  programs codes, drawings,  sketches,  compilations of information, analysis,  experiments,  data, formula, methods,  processes, techniques, prototypes, products, samples,  equipment, tools, machines, and any modifications or improvements thereto  and  all benefit and  advantage to be  derived therefrom,   relating in any  way  to  the  current or  future business of the Company  (collectively,  the  "Intellectual  Property"  or  "IP"),  created or  conceived  in whole  or in part  by you  or on your behalf  during all periods of time during  which  you are employed or engaged or contracted by the Company, or otherwise working on behalf of  the  Company,  whether  conceived during  working  hours  and  with  the  Company materials and supplies, or otherwise,  shall be and  remain  the sole and exclusive  property of the  Company and  you  have no right, title or interest therein. You hereby irrevocably assign to the Company any and  all right, title and  interest that you may have  now  or in the  
						
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future,  or may  have  had,  in  and  to the  Intellectual  Property, and  waive  any  moral rights you may have  therein.
(b)For greater  certainty,   the assignment includes any patent,  copyright,  industrial  design, trade-mark and any other similar right pertaining to the Intellectual  Property which you may  have by  virtue of  having  created,  made,  conceived or contributed  to  any  such Intellectual Property,  either solely  or with  others,  in whole  or in  part,  in  the  course of your employment or other working relationship with PCAS and while concerned with or involved in  the  business  carried  on  by  PCAS. You  will  promptly  disclose all  such Intellectual Property to the Company, and  will not endeavour to benefit  in any  manner from  such  Intellectual Property. Any  breach  of this condition during your employment shall be grounds for immediate termination for cause.
(c)You will at any and  all times, during the period of employment and  after termination of your  employment, do  whatever  is reasonably necessary  or commercially  reasonable to co-operate with  the Company to apply for, secure, defend  and enforce  any  Intellectual Property or deal with  any issue relating to the business of the Company, at the  expense of the Company.
12.Non-Competition
You  acknowledge and agree  that in the course of your  employment you will be provided with Confidential  Information in connection with  your employment and  that there is a high  risk  that were you  to work  for a business which  competes  with the Business you would  be required to use such Confidential Information  in order  to   carry  out  your duties  within that  business. Accordingly,  you   agree that  during  the  term  of  your employment  and for  six  (6)  months following the last day  on which  you provide services,  that absent the Company's express written permission, you shall not provide services through employment or by any other arrangement to any entity  in North  America  which  designs,  distributes, sells or markets remote pharmaceutical dispensing technology.
13.Non-Solicitation
(a)We  want  to  take   appropriate  steps  protect  the Confidential  Information  and the relationship with  the  customers  of the business that we plan  to grow. For this reason, it is a condition of this offer that you agree  that while employed, and for a period of twelve (12)  months  after you  leave  the  Company, regardless of the reason  for your departure, that you will not:
(i)Solicit,  directly  or  indirectly,  or  initiate  contact with  any   Company Customer or Prospective Customer to offer such Company Customer or Prospective Customer a service or product competitive to that offered by the Company on the Last Day or to encourage that Company Customer to reduce or terminate its business relationship with  the Company; or
(ii)Solicit, directly  or indirectly, or encourage any employee or independent contractor  working  for  the  Company  on  the  Last  Day  or  in the  six months immediately preceding that date,  to resign  his/her employment or retainer with  the Company.
(b)For purposes of this Agreement,
(i)"Company Customer" means any then current   customer of the Company with whom  you  have  had  any  direct business contact  in the twelve  months immediately preceding the last  day  on which  you  cease to provide services  to the Company ("Last Day").
(ii)"Prospective Customer" means  any entity with respect to whom,  at any time during the one year  period  preceding your Last  Day, you  assisted the Company  in   soliciting  to  purchase  the Company  products   or services,  and  for which  entity the Company has  not ceased its efforts to obtain that entity's business.
						
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(iii)"Solicit, directly or indirectly" of a Company Customer or a Prospective Customer  will  expressly  include,   but not  be  limited to,  (x)  initiating communication  or  contact  by you or  your  new employer,  including through  social  media, with  any  Company  Customer  or  Prospective Customer if the communication in any way relates  to the sale of services or products competitive with  the services and  products you provided to those Company Customers or sought to provide to the Prospective Customers  at any  time  in  the  twelve months   immediately  preceding your Last Day or (y) advising those  Company Customers or Prospective Customers that you are able to provide competitive services or products; provided, however, nothing herein is intended to limit  communications or contacts that are unrelated  to such services  or products.
(c)You agree  and acknowledge that the restrictions provided in this section  are tied directly to  the  Company  Customers  with  whom   you  worked  directly,  and the  Prospective Customers  with whom  you  had   direct business contact  during  the  twelve months immediately  preceding  your  Last  Day,  and  are  designed  to  protect the  relationship between the Company and  those  customers, so that  a specified  geographic limitation  is not required.
14.Reasonableness. You agree  that  the protections for the business  described in sections  11  to  14, and  section 22 are necessary to protect the business and its relationships with  its  customers,  but are narrow enough not to impede your ability to earn a livelihood from other  entities  who are not Company Customers or Prospective Customers.  You agree  the restrictions are designed only  to limit your access  to Company Customers, Prospective Customers and  persons working for  the Company.  You also agree  that  any violation of these restrictions will result  in irreparable harm to  the  Company,  and  consequently, in  addition  to  pursuing  any  damages  or other  remedial action arising from  the breach,  the Company may  proceed to  obtain injunctive  proceedings  to restrain any  breach  or threatened breach  of these  restrictions. You expressly  waive  any right to contest whether a breach  of these restrictions would result in irreparable harm.
15.Resignation
(a)You may  terminate this  Agreement and  your  employment with  the Company upon  six (6)  weeks'  advance written notice to  the  Board  of Directors. Upon  your resignation under this section,  we shall  not be  obliged  to make  any  payment to you  other  than the amount of  any  Base Salary  actually  earned but  unpaid to  the  effective  date  of your departure following your resignation, any  accrued but unpaid vacation   pay  and  any expenses  which you have properly  incurred  and  which   you are  entitled  to  have reimbursed, less deductions required  by law and  contributions. For greater  clarity,  you will not be entitled to any STIP payment in respect  of the year  in which  you resign  from employment. Your  coverage  under the  Benefits  Program  described in  section  7 shall cease on the effective date of your resignation.
16.Termination For Cause
(a)The  Company  may  terminate  your  employment  at  any  time  for  cause  and  without written  notice   or  payment in  lieu  thereof. In  the  event  of  the  termination  of  your employment for cause,  the Company shall  not be obliged  to make  any  payment to you other than  the amount of any Base Salary actually  earned  but  unpaid to the date of such termination,  any  accrued  but unpaid vacation pay  and  any  expenses which  you have properly  incurred  and which you are  entitled   to  have reimbursed,  less  deductions required by  law  and  contributions. The Company shall  have  no further obligations  to you  under this Agreement. For greater clarity,  you  will  not  be  entitled to  any  STIP payment pursuant to  section 4 in respect of the  year  in  which  you  are terminated  for cause.   Your coverage under  the  Benefits  Program described  in Section  7 shall cease  on the date you are terminated for cause.
(b)For purposes of this Agreement "cause"  means  the occurrence of any of the following:
						
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(i)if  there  is  a  repeated  and  demonstrated  failure on  your  part to  perform  the material duties  of your position in a competent manner;
(ii)malfeasance, dishonesty or fraud  in the course of your employment hereunder;
(iii)the appropriation of any property of the Company or the embezzlement or theft of any assets of the Company;
(iv)if you  engage in  willful  misconduct,  conduct  prejudicial  to  the  business  or reputation of the Company or activities  outside  the  scope of his  employment in breach of this Agreement;
(v)if you breach any   of  the restrictions  set out   in the non-solicitation and confidentiality agreements which form part of this Agreement; or
(vi)any other conduct which  would  entitle  the Company, at law,  to terminate your employment for cause without notice or payment in lieu of notice.
17.Termination Without Cause
(a)The Company may  at any  time  terminate (constructively  or otherwise)  this  Agreement and your  employment without cause  upon notice to you provided that in such event you shall be  entitled to cash  payments (the  "Severance  Amount")  equal  to six (6) months' salary if the termination occurs prior  to the first year anniversary of the Commencement Date  and  twelve  (12)  months' base  salary if the  termination occurs thereafter, it  being understood  that save  and  except for  any STIP bonus   owing  to you  in  respect of  the completion  of a calendar year that precedes the date  of notification of termination you shall not  be provided with  any STIP bonus  in respect of the year  of termination or  any period following your last day  of employment.  The Severance Amount shall  be payable in accordance with paragraph 17(b).  This amount is inclusive  of any statutory severance pay  owed  to you upon  termination.
(b)The Severance Amount shall  be paid  (i)  as to 50% thereof  (the "Lump Sum  Severance Amount"), as a one-time lump sum payment to you, less applicable withholdings, within thirty (30)  days  of  the  date the  Company provides notice that your employment  is terminated without cause (such amount shall not  be subject to mitigation), and (ii) as  to the  balance,  via salary  continuance  on  a bi-weekly basis,  less  applicable withholdings, such balance  being  subject to mitigation in the event  you  obtain  alternate employment at any  time  following the  termination of your employment. For  greater  certainty,  there shall be no mitigation obligation with respect to the Lump  Sum Severance  Amount.
(c)In  the  event your  employment  is  terminated  without  cause  in  accordance with  this section  17, your  participation in  the  Benefits  Program as  described  in  section 7 shall continue in accordance with  the  Employment Standards Act, 2000 for  the  duration  of the statutory notice period,  and following  expiry  of the statutory notice period, you  shall be eligible  to participate in  those benefit  plans  in  which  you  participated on the  date on which  your  employment ceased,  excluding the disability coverage,  (i)  for  the remainder of  twelve months  following the  date  on  which  you  cease  to provide services to  The Company or (ii) until the date on which  you secure comparable benefits  from  some  other source,  whichever first occurs. If you secure  alternative benefits  coverage while  covered by  the  Company Benefits  Program,  you  agree  to notify the  Vice-President  of Human Resources  and  your  participation  will  end  effective   the  commencement  of coverage under the next benefit plans.
(d)In  the  event your  employment is  terminated  without cause  in  accordance with  this section 17, the Company shall  have  no obligations to you  under this Agreement beyond the  amounts expressly  provided for under this section  17,  whether under the  common law, pursuant to the Employment Standards Act, 2000 (Ontario) (the "ESA")  or otherwise, provided that  if the  ESA 
						
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requires   a greater payment than  the  Severance Amount  the provisions of the ESA shall govern. No further  amount or entitlement is owed  or will be provided upon termination without cause except as outlined in this section.
(e)Payment  of  the  amounts  provided  for  in  this  section 17  in  excess  of  the  statutory minimum  amount shall  be  conditional upon your signing a  full  and  final  release  of claims in the format  attached  as Appendix 1.
Section 17.A  Vesting/Exercise of Stock Options Upon Termination Without Cause.
(a)For the purpose of this Section 17.A defined terms herein  shall have the meaning given to such terms in the ESOP Plan unless  otherwise specifically  defined in this Section 17.A.
(b)In  the event  of a termination described in Section  17(a)  above,  the provisions of Section 2.6(d) and 3.1(4) of the ESOP Plan shall not apply  to the Stock Options  held by you at the time of such termination, but rather, the following provisions shall become operative:  
(i)All unvested Stock  Options held  by you shall continue to  vest in  the ordinary course for the same  number of months  that you  are entitled. to receive  Base Salary  as set  out in Section  17(a)  (the "Extended Vesting Period") provided that each vested  Stock Option held  by you will cease to be exercisable  on the  earlier of the original Expiry  Date of the  Stock Option and  one  day  after  the  end  of the  Extended Vesting  Period and each  unvested Stock  Option held  by  you  will  automatically  terminate and  become null, void  and  of no  effect on the earlier of (x) the  original Expiry  Date of the  Stock  Option; and  (y) one  day  after the  end  of the Extended Vesting Period;
(ii)During the Extended Vesting  Period, you shall be entitled to exercise  any and all Stock Options  that are or become vested and exercisable during such period; and
(iii)All Stock  Options that have  vested and  which  have  not  been  exercised pursuant to Section  17.A(ii) above  as at the end  of the Extended Vesting Period  will  be  cancelled by  the  Company  immediately  following  the Extended Vesting Period.
(iv)Notwithstanding  the  provisions  of  this  Section  17.A(b)  and subject  to Section 3.1(1)  and 3.1(2) of the ESOP Plan, if you  are terminated  without cause  during  the  six  (6) month  period  following  completion of  a Liquidity Event, then  all unvested Stock  Options  held  by you  as of the termination date shall  automatically  vest  on  the  termination date  and thereafter vested  Stock  Options  shall  be  exercisable until  the  original Expiry Date of the Stock Option.
18.Resignation Following a Change of Control
(a)Notwithstanding  paragraph  15(a),  you may   at  your sole discretion  terminate  this Agreement and  your employment with  the  Company upon sixty  (60)  days' advance written notice  to the Company within  twelve  (12) months following a Change of Control. If you  resign  your employment with  the Company at any  time  following the 180th  day, and prior to the 365th, day, following a Change  of Control  in accordance with this section 18,  you shall  be entitled  to the payments  and other  treatment provided for in section 17 (Termination Without Cause).
(b)For purposes of this Agreement:  (a)  a "Change of Control" means  either (I)  any  change in the  holding,  directly or  indirectly, of  the  shares  and/ or  other securities  of   the Company, as a result of which,  a person (other  than  a Related  Party) or group of persons acting  jointly or in concert  (other than  where  such  group  of persons includes a Related Party), together with  associates or affiliates of any  such  person or group of persons (a "Holder") holds  shares and/ or 
						
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other securities in the Company in excess of the number which,  directly  or indirectly, or following conversion thereof, would entitle the Holder to cast  50.1 %  or more  of the  votes  attached  to all  equity  securities of  the  Company,  or, where such Holder is a Related  Party,  where such Holder holds  shares  or other securities in  the  Company in  excess  of  the  number  which, directly  or indirectly, or following conversion  thereof,  would  entitle  such  Holder to cast 66 2/3  %  or  more  of the  votes attached to all equity  securities of the Company, or (II) any issue or sale of shares and/or other  securities in  the  Company by  way  of a  prospectus (including  an  initial  public offering) or private placement; or (III) the sale of all or substantially all the assets of the Company to a third  party (including a Related Party); and  (b) "Related Party"  means any subsidiary, parent,  division,  affiliate, predecessor or successor of the Company.
(c)In  the  event you  resign your  employment  in   accordance  with this  section  18, the Company shall  have  no obligations to you  under  this  Agreement beyond the  amounts expressly provided for under section 17 (Termination Without Cause), whether under the common law, pursuant to the Employment Standards Act:, 2000 (Ontario) or otherwise.
(d)Payment  of the  amounts  provided  for in  this  section  18  (Termination  Without  Cause) shall  be  conditional  upon your  signing  a  full  and final  release of  claims in  a  form reasonably acceptable to the Company.
19.Death
(a)This  Agreement shall be terminated automatically in the event of your  death during the term hereof  and your  estate  shall not  be  entitled  to  receive any remuneration or payments pursuant to this Agreement after the date  of your  death, except in respect of any  earned but unpaid Base  Salary,  vacation pay  earned but unpaid,  pro-rated bonus under the  STIP  based  on  the number of months  actually   worked in  the  relevant  fiscal year (to the extent such bonus is ultimately approved by the Board following completion of the applicable calendar year and confirmation of applicable performance metrics), and survivor benefits  which your  spouse  or your estate is entitled to receive.
20.Disability
(a)Should  you  be unable  to render services  as a result of illness or injury or other incapacity for a period of 180 consecutive days  or any period of 180 days in any period of 365 days, then the  Company  may terminate  your  employment by  providing  to  you  only the statutory  payments  and  benefit coverage  required by the  ESA.  Nothing  herein  shall interfere with  your  right to receive long term disability benefits to the extent  you  qualify under the terms  of the applicable plan.
21.Return  of  Property. You  acknowledge,  understand  and  agree that all memoranda,  notes, records, charts, formulae, data,  software, source  code, object code, Confidential Information and other  documents made,  received,  held  or used  by you  during the  course  of your employment shall  be  the  property of  the  Company and  shall  be  delivered by you  to  the  Company upon request at any  time  during the  course  of employment or on  termination  of employment  along with  all other property belonging to the Company in your possession or under your control. You agree  to return all Confidential Information stored on any electronic  device  such  as a blackberry or iphone ("Information System") not  owned  or controlled  by the Company and shall delete all such  Confidential Information in such a manner that it cannot be undeleted. The Company may require you  to produce such  an Information System for inspection, and/ or a certificate affirming the destruction and non-retention of the Confidential Information.
22.Able to Work Lawfully in Canada/ Background Checks. It is a condition of employment that (i) you are  and  will remain  lawfully  able to work  in Canada at time of hiring  and while employed, and that (ii) you submit to the Company's required background screening (with the Board being satisfied with  the results).
						
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23.No  Expectation  of  Privacy.  You  acknowledge  that you  have  no  expectation of privacy with regard to  use  of  email,  internet,  voicemail or  Company provided  computer  systems  as   the Company  may   monitor  usage at  any  time.  Do  not store  any  personal  information  on.  the Company's systems  that you do not want the Company to view.
24.Independent  Legal Advice. You acknowledge that  you have  read and understood  this Agreement and have been  advised by us to seek independent legal advice  and have been  given a reasonable opportunity to seek and obtain  such advice before signing the Agreement.
25.Severability. If any  provision contained in this Agreement (or part thereof) is determined to be unenforceable in whole or in part by a Court of competent jurisdiction, such invalid provision (or part thereof) shall be severed and  the remaining terms will remain in full force and effect.
26.Survival  of  Terms.  The  obligations  set  out  in  sections  11  through  21  and any other  term necessary to give efficacy thereto shall  survive the termination, resignation or expiration of your employment or other  working relationship, as applicable.
27.Entire  Agreement.  This  Agreement  constitutes  the  entire agreement  between you and the Company. Any  representations,  oral or  written,  that  are  not expressly  included  in this Agreement are superseded and  of no force or effect.
28.Amendment. The terms  described in this Agreement will remain  in effect and  apply, even if you are promoted, transferred or demoted, unless  agreed otherwise in writing. Notwithstanding the foregoing,  except  for the termination  section which can   only be  amended  upon  mutual agreement, the Company may  unilaterally amend  the terms of this Agreement upon providing to you that written notice  of the change equivalent to the amount of notice required to be provided to you  under section 15(b), above.
29.Governing Law. The law of Ontario governs the interpretation of this Agreement.
						
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We look forward to working with you to make the Company successful.
			
	Yours truly,
	
	Novarex Canada Inc.
	
	Per:
	
	/s/ Gerard van Hamel Platerink
	Gerard van Hamel Platerink - on behalf of the Board

ACCEPTANCE
I have  had  the  opportunity  to review this  offer  of employment,  understand its  terms,  and  accept the terms offered  above. I confirm that  there are no terms which  have  been promised to me other  than those described above.  I acknowledge  that I  am able to consult  with legal  counsel,  at my  own  cost,  and  that I am voluntarily accepting this offer.
												
				
	/s/ Ed Kilroy		Date:	Nov 5, 2012
	Ed Kilroy			
				
	[Illegible signature]		Date:	Nov 5, 2012
	Witness			

						
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SCHEDULE "A"
The following are the Milestones required to be completed and/or achieved as part of your 2013 STIP Award it being understood that milestones with an aggregate value of 40% must be achieved before any payment will be made:
									
	Milestones	Timeframe -To be Completed By:	STIP Award (percentage of Base Salary)
	Completion of Series A2 or Series B Financing of common/preferred stock and/or convertible debt, with net proceeds by new investors to the Company of at least 10 million.
	March 31, 2013 or earlier	20%
	If net new investor proceeds exceed $20 million		Add 10%
	If net new investor proceeds exceed $30 million		Add 10%
	Signing of a Second Enterprise Client (eg Johnson & Johnson or Loblaws) with over 250 machines to be deployed over life of deal	March 31, 2013	Add 10% (stretch)
	Successful entry into "Market Scoping" phase with Walgreens, including the deployment of not fewer than 6 machines in Walgreens footprint	Commencement February 1, 2013, final deployment August 1, 2013	Add 10% (stretch)
	Signing of a Third Enterprise Client (eg Johnson & Johnson or Loblaws) with over 250 machines to be deployed over life of deal	September 30, 2013	Add 15% (stretch)
	Signing of a 4th Enterprise Client (eg Dollar General) to a Pilot Agreement with over 250 machines to be deployed over life of deal
	September 30, 2013	Add 15% (stretch)
	M4 Project in process such that Scale Deployment (meaning custom deployments exceeding 100 units per customer) is possible in Q3 2013 (as validated by vendors, partners and Walgreens).	December 31, 2013	Add 10% (stretch)
			

						
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SCHEDULE "B" - CAPTABLE AND PREFERRED SHARE CONDITIONS ( AS OF OCT. 12, 2012)
																		
		Common
Shares
	Preferred Series A	Total		
	WVC Investments LLC	2,000,000	1,175,544	3,175,544 			
	Redmile	2,000,000	1,175,544	3,175,544 			
	ESOP Pool	896,875	—	896,875 			
	Fully Diluted Equity	4,000,000	2,351,088	6,351,088 			
	Convertible Debt:		Terms:
			
	$	3,023,000 		Secured	$ 5.1252
	price per share @ Jul 2015		
	$	500,000 		Unsecured	8%	compounding coupon rate		

SERIES A PREFERRED:
•Original Issue Price Per Series A Share: $5.1252
•Cumulative 8% coupon
•On Deemed Liquidity Event Series A entitled to (i) in priority, return of Original Issue Price plus accumulated interest/unpaid dividends (if declared); and (ii) following (i) above, pro rata entitlement among common shareholders, with Series A being treated as Common for this purpose
•Definition of Deemed Liquidity Event: (i) sale of all or substantially all of the assets, or (ii) a merger or other equity transaction involving a change of ownership of at least the majority of voting stock (see Certificate of incorporation of DashRX for additional details).
						
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APPENDIX 1
Form of Release to be used in event of termination without cause under section 17 or upon resignation by Mr. Kilroy within 12 months following a Change of Control, under section 18 of the Employment Agreement.
RELEASE AND INDEMNITY
WHEREAS the employment of Ed Kilroy ("Mr. Kilroy") with Novarex Canada Inc. (the "Company") was terminated on [insert date];
AND WHEREAS Mr. Kilroy has agreed to accept the terms of departure outlined in his employment agreement dated November 1, 2012 attached to this Release and Indemnity as Schedule “A” in full settlement of all claims which he may have relating to his employment or the termination of that employment with the Company;
NOW THEREFORE WITNESSETH that in consideration of the above, Mr. Kilroy, on behalf of himself, his heirs, administrators and assigns (hereinafter referred to as the "Releasor") releases and forever discharges the Company and its parent, affiliates and subsidiaries and their respective current and former officers, directors, employees, and agents (together, "Releasees") from any and all actions, causes of action, claims and demands whatsoever arising from the employment of Mr. Kilroy with the Company or the termination of that employment;
RELEASOR SPECIFICALLY COVENANTS, REPRESENTS AND WARRANTS to the Company that he has no further claims against the Releasees for or arising out of his employment with the Company or the termination of such employment, including without limiting the generality of the foregoing, any claims for salary, notice of termination, pay in lieu of such notice, statutory severance pay, expenses, bonus, commission, overtime pay, interest, claims for mental or physical disability benefits or any other insurance benefits, sick leave pay, vacation pay, any options or other equity entitlement or reinstatement of his employment and specifically including any claim under the Employment Standards Act, 2000 (Ontario), Human Rights Code, Occupational Health & Safety Act or other similar legislation. In the event that the Releasor should subsequently make hereafter any claim or demand or commence or threaten to commence any action, proceeding or make any claim against the Company or any Releasee for or by reason of any cause, matter or thing, this document may be raised as an estoppel and complete bar to any such claim, demand, action, proceeding or complaint.
FOR THE SAID CONSIDERATION Releasor further agrees not to make any claim or take any proceeding against any other individual, partnership, association, trust, unincorporated organization or corporation with respect to any matters which may have arisen between the parties to this Release and Indemnity or in which any claim could arise against the Company for contribution or indemnity or other relief over.
AND FURTHERMORE, for the aforesaid consideration, in circumstances where Releasor has received such consideration on a gross basis and not net of any required withholdings, Releasor hereby agrees to indemnify and save harmless the Company from any and all claims or demands under the Income Tax Act of Canada, the Income Tax Act of the Province of Ontario, the Canada Pension Plan, the Employment Insurance Act of Canada, including any regulations made thereunder, and any other statute or regulations for or in respect of any failure on the part of the Company to withhold income tax, Canada Pension Plan premiums or Employment Insurance premiums or any other tax, premium, payment or levy from all or any part of the said consideration and any interest or penalties relating thereto and any costs or expenses incurred in defending such claims or demands.
NOTWITHSTANDING THE FOREGOING, this Release and Indemnity shall not apply to any actions, causes of actions claims or demands which Releasor may have relating to the failure or the refusal of the Company to comply with the terms of settlement as set forth in the document attached hereto as Schedule "A".
AND RELEASOR acknowledges that he is aware of his rights under the (Ontario) Human Rights Code, and confirms that he is not asserting such rights or advancing a human rights claim or complaint.
AND RELEASOR undertakes not to disclose the terms of settlement outlined in Schedule "A" attached hereto to any person except his immediate family, counsel, financial advisor or as required by law.
						
		/s/ EK
		Initial

14

AND RELEASOR agrees that he will not disparage, demean or make any negative statements about the Releasees or any of the individual Releases, whether oral or written, including in any social media.
AND RELEASOR acknowledges that by entering into the terms of settlement outlined in Schedule "A", the Company makes no admission of any wrongdoing and expressly denies that it has acted in any manner giving rise to any liability.
AND RELEASOR declares that he has had the opportunity to seek independent legal advice with respect to the terms of settlement as well as this document and fully understands them. Releasor hereby voluntarily accepts the said terms for the purpose of making full and final compromise, adjustment and settlement of all claims as aforesaid.
THIS RELEASE AND INDEMNITY shall be deemed to have been made in and shall be construed in accordance with the laws of tine Province of Ontario.
THIS RELEASE AND INDEMNITY shall enure to the benefit of and be binding on Mr. Kilroy and the Company and their respective heirs, executors, administrators legal personal representatives, successors and assigns.
IN WITNESS WHEREOF I, Ed Kilroy, have executed this document on the 5th, day of Nov., 2012 and set my hand and seal thereto.
									
	SIGNED, SEALED AND DELIVERED 	)	
	In the presence of:	)	
		)	
		)	
	[Illegible signature]	)	/s/ Ed Kilroy
		)	
	WITNESS	)	Ed Kilroy

						
		/s/ EK
		Initial

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