Document:

English translation of Agreement with IDEAB Project Eesti AS

 Exhibit 10.26 
 (English Translation) 
 CONSTRUCTION CONTRACT No. IPB 1.5./103

  

			
	Minsk	  	     December 2011

 EPAM Systems, a foreign limited liability company, hereinafter referred to as the Customer, represented
by General Director Sergey Fyodorovich Divin, acting on the basis of the Charter, party of the first part, and IDEAB Project Eesti AS, hereinafter referred to as the Contractor, represented by Management Committee Member Galina Valerievna Nikitina,
acting on the basis of the Charter, party of the second part, hereinafter jointly referred to as the Parties, have concluded this contract as follows, in accordance with the Rules for the Conclusion and Performance of Construction Contracts approved
by Decree No. 1450 of the Council of Ministers of the Republic of Belarus dated 15 September 1998 (hereinafter referred to as the Rules). 
 Section 1. TERMS AND DEFINITIONS 
 1.1 The following terms and definitions used in the
Contract, which start with a capital letter, shall have the following meanings: 
  

	•	 	 Advance Payment: money paid by the Customer to the Contractor as advance payment for the Work to be performed under the Contract.

  

	•	 	 Statement: the work completion statement in accordance with Appendix 1 to the Agreement. 

 

	•	 	 Construction Site Transfer Statement: the document confirming the Customer’s transfer of the construction site for the performance of the
Work to the Contractor (Appendix 3). 

  

	•	 	 Contract: this Contract with all changes, amendments and appendixes signed or to be signed by the Parties during the performance of the
Contract. 

  

	•	 	 Engineer: a legal entity and/or individual hired by the Customer, in accordance with the procedure set by the law, for the performance of part
of the Customer’s obligations related to construction of the Facility, other than obligations to pay for the Work, as well as for the provision of engineering and technical support services for the construction of the Facility. The Engineer may
also act as the Technical Inspector. 

  

	•	 	 As-built documentation: the set of working drawings for construction of the Facility with signatures confirming that work performed matches the
content of the drawings, or with the changes that were agreed upon with the designer, made by parties responsible for performance of the work; a general work log, special logs for individual types of work; concealed work inspection statements,
results of testing and assessment of equipment, systems, networks and devices; compliance certificates, state hygiene registration certificates for the construction materials used by the Contractor, documents for the geodesic control network for
construction, as well as for the geodesic work performed during construction, geodesic surveys for utility lines, structures at the Facility, and other documentation required in accordance with the law. 

 

	•	 	 Equipment: machines and mechanisms required to perform and complete work and cure defects, other than Construction Materials that are deemed to
constitute or that constitute part of the Facility. 

  

	•	 	 Facility: the Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on Kuprevicha St. in Minsk
with a total area of 14,071.10 m2 in accordance with design documentation (See section 2.3 of the Construction Management Plan 237-08/11-OC). 

	•	 	 Inspection: an inspection initiated by the Customer or the Technical Inspector of the scope, cost and/or quality of work performed and/or being
performed. 

  

	•	 	 Work: all work to construct the Facility specified in the design documentation in accordance with building codes and rules and other
regulations, in accordance with the requirements for the technical sequencing of construction, to the extent required to perform the Contract and commission the Facility, other than the work specified in Appendix 12 to the Contract. The Work shall
be performed using the Contractor’s maintenance [using the Contractor’s work and labor. 

  

	•	 	 Design documentation: the design documentation for the Scientific and Production Building in accordance with General Plan No. 1 in the
High-Tech Park on Kuprevicha St. in Minsk, which has undergone state expert review, which has been duly endorse and approved, with the Client’s “Ready for the Performance of Work” stamp affixed. The structure and content of design
documentation have been specified in Appendix 8 to the Contract. 

  

	•	 	 Concealed Work: work that is concealed by subsequent Work, work whose quality and accuracy cannot be verified after subsequent work has
taken place. 

  

	•	 	 Certificate: an informational statement on the cost of the work completed in accordance with Appendix 2 to the Contract.

  

	•	 	 Construction Materials: materials, products, equipment, systems, installations, structures, finishing materials and other property, which
become an integral part of the Facility during the performance of the Work, and which, if removed from the Facility, would reduce the value of the Facility or make the operation of the Facility impossible or dangerous for the Facility’s
technical condition or change its operation or operating conditions. 

  

	•	 	 Construction Site: the area identified in the plan in accordance with Appendix 3 to the Contract on the Land Plot transferred to the Contractor
for the performance of the Work, location of Equipment, Construction Materials, industrial premises, amenities and communications used during the performance of the Work. 

 

	•	 	 Technical Inspector: an individual or organization authorized by the Contractor to perform technical supervision of construction at the Facility
in accordance with the law of the Republic of Belarus. The scope of the Technical Inspector’s purview is determined by the contract executed between the Customer and the Technical Inspector. The Customer itself may act as the Technical
Inspector. 

  

	•	 	 Advance Payment for a Specific Purpose: money paid by the Customer to the Contractor on the basis of a request from the Contractor for the
timely purchasing of Construction Materials for the performance of the Work. The request form for an advance for a specific purpose is given in Appendix 4 to the Agreement. 

1.2. The terms and definitions given in clause 1.1. of the Contract must be used not only in connection with the interpretation,
performance, amendment, termination of the Contract, or evaluating the validity of the Contract, but also when compiling all other documents related to the Contract. 
 1.3. The definitions of other terms used in this Contract shall be those stipulated by the current law of the Republic of Belarus. 
 1.4. Terms used in the singular shall also mean the plural and vice versa where required by the context. 

  
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 Section 2. SUBJECT OF THE CONTRACT 

2.1. In accordance with the procedures and terms stipulated by the Contract, the Contractor agrees to perform work to construct the
following facility in accordance with the requirements of Design Documentation, Technical Regulations and other current regulations, at its own risk with its own resources or those hired with the Customer’s prior agreement: the Scientific and
Production Building in accordance with General Plan No. 1 in the High-Tech Park on Kuprevicha St. in Minsk, and the Customer agrees to provide the Construction Site to the Contractor together with permits required to start and perform the work,
to pay for the Work and to accept the results of such Work in accordance with the terms of the Contract. 
 2.1.1. The Work
Start Date is 8 December 2011, provided that the terms specified in clause 5.2 of the Contract are met. 
 2.1.2.
The Work Completion Date is 15 September 2012, which is 9 months from the day on which the Contract is signed. 

2.2. The Work on the Facility shall be carried out using the Contractor’s Equipment and Construction Materials. The list of
Construction Materials supplied by the Contractor, as specified in the Design Documentation, is given in Appendix 5 to the Contract and has been agreed to by the Customer. 
 2.4. Neither party may transfer its obligations under the Contract to a third party without the prior agreement of the other Party. This provision does not apply to the transfer of obligations to an
insurance company, EPAM SYSTEMS (CYPRUS) LIMITED, or the hiring of an engineering company. 
 Section 3. CONTRACT PRICE 

3.1. The Contract Price of all the Work to construct the Facility performed by the Contractor hereunder is calculated as follows:

 3.1.1. The price of all the Work to construct the Facility (Scientific and Production Building in
accordance with General Plan No. 1 in the High-Tech Park on Kuprevicha St. in Minsk) with finishing, other than the scope of work specified in Appendix 12, in the scope specified in the Design Documentation and the design plans agreed to by the
Customer with the attached finishing report is final, unchangeable, fixed and contractual and totals US$17,208,955.30 (seventeen million two hundred and eight thousand nine hundred and fifty-five US dollars and thirty cents), including VAT, at the
time the Contract is executed. The price of 1 m2 of the
Facility is US$1,223 (one thousand two hundred and twenty-three US dollars). The construction price given in this clause can be changed only in those instances provided for by this Contract. 

The price of all the Work to build the Facility includes, among other things, the cost of the Construction Materials supplied by the
Contractor, the cost of the Work in accordance with Appendix 7, all taxes and other mandatory payments to the state budget and non-budgetary funds, including VAT paid in connection with the import of goods into the Republic of Belarus, VAT on sales
of goods, work, and services paid by the Customer or the Contractor, customs duties and levies, as well as other expenses incurred by the Parties in connection with the performance of their obligations under this Contract with the exception of work
detailed in Appendix 12. 
 If the amount of VAT paid during the sale of goods, work, services under this Contract is less than
US$1,976,989.55 (one million nine hundred and seventy-six thousand nine hundred and eighty-nine US dollars and fifty-five cents) or $140.50 (one hundred and forty US dollars and 

  
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fifty cents) per m2 of the total area of the Facility in accordance with this Contract, the Contract price given in the first paragraph of this clause shall be reduced by the difference between the VAT paid and the amount
of VAT specified in this clause; 
 In circumstances stipulated by law where the Customer pays the VAT and/or other taxes and
charges in connection to the performance of this Contract, the Contract price shall be reduced by the amount of taxes and charges paid by the Customer. 
 If either Party is partially or completely released from paying any taxes, charges or making other payments included in the price of construction given in paragraph one of clause 3.1.1. of this Contract,
the price of construction shall be reduced by the amount by which taxes, charges and/or other payments included in the price of construction are reduced, including in the event of benefits or preferences being provided. If either Party receives
benefits that cause the price of Facility Construction Work under this Contract to be reduced to less than US$1,000 (one thousand US dollars) per m2, the other Party shall be entitled to receive from the former 50% of the difference between US$1,000 (one thousand US
dollars) and the reduced amount per m2. 

In the event of other changes to tax law that cause the tax rates included in the price of construction to change, the Contract Price may
be changed at the request of one of the Parties. 
 If the Facility Construction Price (excluding VAT and
customs duties) is higher than US$1,000 (one thousand US dollars) per m2, the price of construction given in paragraph one of clause 3.1.1. shall be reduced by the difference between the actual price and US$1,000 per m2. 
 3.1.2. The cost and scope of work and materials specified in Appendix 12 and the procedure for selecting contractors shall be agreed upon by the Parties separately. Once the Parties reach agreement on
this issue, they shall sign a supplemental agreement indicating the scope, timeframes and cost of work for the relevant sections of the Design Documentation. 
 The Contractor shall ensure that the Customer participates in development of the technical design specifications for this set of work. The Contractor’s fee shall be included in the cost of the work.

 3.1.3. The Contract price shall not include the costs for setting up the construction site in those circumstances provided
for by this Contract, nor shall it include costs for obtaining permits and approvals from state and operational services required to start and conduct construction of the Facility as well as to obtain permits for its entry into service, and these
costs shall be borne by the Customer. 
 3.2. The Contract Price of the Work may only be adjusted by the Parties during the
performance of the Work by executing an additional agreement if the Customer changes the agreed volume or composition of the Work as well as the finishing materials or design documentation, but by no more than the cost of the changes made.

 The Parties have agreed to make their best efforts to make the relevant changes to the Contract on terms which are fair for
both sides by executing an additional agreement to the Contract. 
 3.3. For the purposes of securing the Contractor’s
obligations under this Contract, within 15 business days of the day on which this Contract is executed the Parties shall sign an agreement pledging the construction materials used for construction of the Facility under this Contract, including
materials the Contractor may receive in the future. 
 If the Customer insures itself against the risk of losses caused by the
Contractor’s failure to (adequately) perform its obligations under this Contract, the Contractor agrees to assist in the conclusion of the appropriate insurance agreement (provide and/or sign the required documents etc.), as well as to pay the
costs arising from such insurance together with the Customer. The 

  
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Parties have agreed that the maximum amount payable by the Contractor for the purposes of such insurance shall be no more than US$15,000 (fifteen thousand US dollars) in total for this Contract.

 3.4. If the Facility’s total area differs from the 14,071.1 m2 stated in this Contract by more than 50 m2 following the completion of construction, the Parties may request
that the Contract Price be changed in proportion to the difference. The Facility’s area following the completion of construction shall be determined using the results of the measurements conducted by a commission to be established by the
Parties. 
 Section 4. SETTLEMENT PROCEDURES 
 4.1. The payment currency under this Contract shall be US dollars. 
 4.2. Payments
shall be made by bank transfer using a payment order. The Parties may also agree to use letter of credit. 
 4.3. The Customer
shall transfer Advance Payments to the Contractor in accordance with the Payment Schedule (Appendix 6) no later than the last day of the month preceding the month in which work is to begin. If the terms for advance payments are breached, the
Contractor may suspend work under the Contract by the number of days by which the payment is delayed. 
 The Customer shall make
the first one-off advance payment (for a specific purpose) in the amount of US$700,000 (seven hundred thousand US dollars) for the purchase of Construction Materials referred to in Appendix 10 to this Contract no later than 10 (ten) days after the
day on which this Contract is concluded. The Contractor shall supply the Construction Materials referred to in Appendix 10 to this Contract no later than 60 (sixty) calendar days after the day on which the corresponding advance payment is made.

 In a request for an advance payment for a specific purpose, the Contractor shall indicate the amount, deadline and procedures
for making such advance payments, as well as the name, quantity and composition (technical characteristics) of materials, products and equipment, the delivery terms, taking into account the requirements of the law of the Republic of Belarus
regarding foreign trade activity, the cost, as well as the supplier/manufacturer of the goods to be purchased using the one-off advance payment (for a specific purpose). The Contractor shall send the request for an advance payment for a specific
purpose no later than 10 (ten) business days before the day on which the payment is made. The Contractor shall attach copies of the documents issued by the manufacturer/supplier of the Construction Materials to the request, indicating that the
Construction Materials are ready for delivery and itemizing the composition and price of the Construction Materials delivered and these copies must be certified by the Contractor. 

The delivery of materials purchased by an advance payment for a specific purpose shall be made by the deadline given in the
Contractor’s application for the advance payment, but no later than 60 (sixty) calendar days after the day the on which the payment is made. 
 The Contractor shall notify the Customer 2 (two) business days before the Construction Materials delivery date to allow the Customer to participate in accepting the Construction Materials and to visually
examine them. Following the delivery of the Construction Materials, the Parties shall compile a statement on the use of the advance payment for a specific purpose and attach documents confirming the delivery of Construction Materials in full.

 Advance payments for a specific purpose which are not used by the Contractor or used by it for unauthorized purposes shall be
repaid to the Customer on request together with a penalty of 0.1% for each day such payments were not used or used for unauthorized purposes starting after the day on which the funds were transferred to the Contractor’s account. The purpose of
the advance payments made may be altered by the Contractor with the consent of the Customer. 

  
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 The Customer shall make each subsequent advance payment for a specific purpose after the
Construction Materials under the previous advance payment have been delivered to the construction site, except as agreed upon with the Customer regarding payments for Construction Materials, non-delivery of which would cause Facility construction
the Work on the Facility to be halted. 
 4.4. Completion of the Work shall be confirmed by Statements signed by the Customer
and the Contractor in accordance with the procedure stipulated by the Contract, while the cost of the Work and the basis for making payments for the Work performed shall be Certificates signed by the Customer and the Contractor in accordance with
the procedure stipulated by the Contract. 
 4.5. The payment period for this Contract shall be one month. 

4.6. Customer shall pay for the Work performed within 10 (ten) business days after the day on which the Certificate is signed. Moreover,
the cost of the Work to be paid for shall be determined after deducting the amount of the advances paid for the corresponding period. 
 4.7. The source of funds shall be the Customer’s own funds in the amount specified in the Payment Schedule broken down by periods and allocated to the relevant financial year. 

Section 5. TIMEFRAME AND PROCEDURE FOR PERFORMANCE AND ACCEPTANCE OF WORK 

5.1. The Parties have agreed that the Contractor shall perform all the Work on the terms specified in the Contract and in accordance with
the Work Completion Schedule (Appendix 7). 
 If the Contractor is late in performing the Work under the Work Completion
Schedule, the Customer may suspend any and all payments to the Contractor under the Contract until the Contractor eliminates such delays. 
 5.2. The Contractor shall begin performing obligations as soon as it receives the documents referred to in clause 8.5 of the Contract; 

5.3. If the transfer of the Design Documentation or payments under the Contract are delayed by more than 10 (ten) days, the Contractor
may move the starting date for the Performance of the Work, but by no more than the length of the delay. 
 5.4. If the Customer
breaches the Contract by failing to perform its obligations to make advance payments and/or paying for the Work and the resulting delay exceeds 10 (ten) banking days, and in cases provided for by the law and the Contract where the Contractor may
reasonably suspend performing obligations under the Contract or in the event of unfavorable weather conditions that prevent work from being carried out on the Facility pursuant to technical regulations, the deadline for the performance of work shall
be moved by the number of days of delay in the Customer’s performance of its obligations under the Contract or the number of days for which the Contractor suspended performance of the Work or the duration of unfavorable weather conditions as
confirmed by the technical inspector’s log. The Contractor shall notify the Customer of suspension of the Work in writing using the procedure specified in this Contract 2 (two) business days before the proposed suspension of work. This shall
not require the execution of a supplemental agreement to the Contract. The Contractor hereby confirms that the Work Completion Schedule (Appendix 7) has been prepared taking into account the usual weather conditions for the geographical location
where the Work is to be performed. The Contractor has not scheduled any work (stages) for periods when normal weather conditions for that time of year would make it impossible to perform the work, cause the quality of work to be adversely affected,
increase the cost of construction or delay the performance of the Work. 

  
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 If the commensurate extension of the deadline for the performance of work under the
circumstances described in this clause does not correspond to the Contractor’s actual time lost in the pace of construction, one of the Parties shall provide a well-substantiated proposal, and the Parties shall agree on a new deadline for the
completion of the Work by signing a supplement agreement to the Contract. 
 5.5. The Work shall be accepted on a monthly basis
upon the completion of the Work on the basis of Statements and Certificates supplied by the Contractor. The Contractor shall provide the Customer with a single certificate confirming the cost of the Work performed by it and subcontractors.

 5.6. The Contractor shall send the Statement in duplicate and the Certificate in duplicate, to the
Customer no later than the 20th (twentieth) day of each
month in which the Work was performed. 
 5.7. The Customer shall review the documents it receives by the
25th (twenty-fifth) day of the current month following
receipt of the Statement and the Certificate and: 
  

	 	•	 	 Sign and send 1 (one) Statement and the Certificate to the Contractor; or 

 

	 	•	 	 Refuse to sign the Statement and the Certificate (the Customer must provide the reasons for such refusal). 

5.8. If the Customer disagrees with any information given in the Statement and/or the Certificate, it shall return them to the Contractor
with a well-substantiated written refusal to sign them and set a date for the Contractor to address any problem areas. 
 5.9.
The Contractor shall notify the Customer and the Technical Inspector of the readiness of critical structures and Concealed Work no later than 2 (two) days before the day on which they are to be accepted and inspection reports are to be drawn up. The
Contractor shall begin subsequent Work only after critical structures and Concealed Work have been accepted and inspection reports have been prepared for these structures and such Work. 

If Customer representatives, having been appropriately notified of the date of examination, fail to come to the Facility and examine the
Concealed Work and/or structures for no good reason, and the delay in performing the examination disrupt the workflow, the Contractor may compile an inspection statement for Concealed Work and/or structures unilaterally. 

5.10. If defects and/or any other deficiencies are detected in the Work performed by the Contractor during the work performance period,
the Parties shall jointly draw up a defect report containing information about deficiencies and defects identified in the Work, the suspected reasons for such deficiencies and/or defects, the cost of corrective work, as well as the terms, procedures
and deadline for the Contractor to address such deficiencies. 
 5.11. The Contractor’s obligations under the Contract
concerning performance of work to construct the Facility (building) shall be considered to have been performed when the Facility is transferred to the Customer under a statement. 

5.12. Once the Work is completed (the last Statement is signed), the Contractor shall notify the Customer of the need to accept the
Facility (building). The Customer shall accept the Facility within 5 (five) business days of receiving the notification. The Contractor shall bear the risk of accidental loss or damage of the Facility until it is accepted by the Customer in
accordance with the set procedure. The risk of loss or damage of the Facility shall be borne by the Customer from the time the Facility is transferred to the Customer (without landscaping), or

  
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from the time when acceptance should have taken place if the Customer unreasonably avoids accepting the Facility. The risks related to all other parts of the Work shall be borne by the Customer
once the finished construction of the building is accepted by the Customer. 
 5.13. The Contractor agrees to participate in
commissioning the Facility and provide explanations to representatives of inspecting authorities participating in the acceptance process. 
 5.14. The Contractor shall address the defects identified after acceptance of the Facility and documented in accordance with the procedure specified in clause 5.10. of this Contract in a timely fashion
and at its own expense. 
 5.15. The Customer agrees to begin the process for the Facility to obtain an operating permit within
a month after receiving it from the Contractor. If commissioning of the Facility is delayed by 3 (three) months for circumstances beyond the Contractor’s control, the warranty period shall commence as of the day on which the Facility should
have been commissioned. 
 Section 6. CONSTRUCTION SITE 
 6.1. The Customer shall transfer the Construction Site to the Contractor under a Statement in a condition that allows the Work on the Facility to be started, performed and completed properly and in a
timely fashion, in accordance with the procedure and on the terms stipulated by the Contract, no later than on 12/08/2011. 

6.2. The Customer shall ensure the performance of the following work at the Construction Site by 03/01/2012, including by contracting
with third parties: 
 6.2.1. Installation of a temporary fence lit from inside the Construction Site around the perimeter
within 10 days after this Contract is concluded. 
 6.2.2. Removal of all underground and surface structures from the
Construction Site. These structures shall be removed as follows: within 10 (ten) business days after the day on which this Contract is concluded to the degree required to start the Work at the Construction Site; within 20 (twenty) days: as required
for the installation of utility lines at the site in accordance with the Design Documentation; the remainder: by 03/01/2012; 

6.2.3. Lighting of the Construction Site within 20 (twenty) business days after the date on which this Contract is concluded; 

6.3. The Customer shall facilitate the Contractor’s connection to temporary utility lines via metering devices within 20 days of
this Contract being signed. 
 6.4. The Contractor is authorized to use the Construction Site for the performance of the Work on
the Facility, warehousing, storage and use of the Construction Materials used for the performance of the Work on the Facility, equipment and tools, as well as for other uses as required for the adequate performance of the Work on the Facility, until
the completion of the Work or the expiration of the Contract (if the Contract expires prior to the completion of Work on the Facility). 
 6.5. The Contractor shall organize the Construction Site in accordance with the Work Performance Plan (WPP) developed by the Contractor. 

6.6. The Contractor may install properly equipped temporary administrative buildings, warehouses (storage facilities), utilities rooms
and other temporary buildings and the structures required for the performance of the Work, at the Construction Site. 
 6.7. The
Contractor shall disassemble and remove any temporary buildings, structures and construction debris from the Construction Site within 30 (thirty) business days after the full set of Work on the Facility has been completed, and return the Equipment
and/or the Customer’s structures to the Customer under a Statement, in working order (taking into account normal wear and tear) within the timeframe specified in the Statement. 

  
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 The Contractor shall own the debris accumulated during the course of construction. If the
Contractor exceeds the limits set for the recycling and disposal of construction debris, the Customer shall consider the possibility of offering assistance in recycling and disposing the construction debris. 

6.8. Work at the Construction Site: 
 6.8.1. Within 14 (fourteen) business days after receiving the Design Documentation the Contractor shall compile a Work Performance Plan (WPP) and duly receive approvals for it from all concerned
authorities, including the Customer, and transfer it to the Customer. 
 6.8.2. Authorized representatives of the Customer,
Engineer and Technical Inspector shall have the right of unimpeded access to all types of Work during the entire period when they are being performed and to the Construction Site at any time, without interfering with the Contractor’s business
activity and in compliance with health and safety rules at the Construction Site. 
 6.8.3. The Customer and the Contractor
shall assume full liability for the actions of their representatives at the Construction Site. 
 6.8.4. The Contractor shall
provide security and independently organize the performance of the Work at the Construction Site in accordance with the WPP and the Work Completion Schedule. 
 6.9. The Contractor shall maintain all other required logs for specialized work in accordance with the law of the Republic of Belarus. 
 Section 7. OBLIGATIONS OF THE CONTRACTOR 
 7.1. Performance of the Work
in accordance with the terms of the Contract, design documentation and technical regulations, as well as the technical construction sequence. 
 7.2. Independently determine the number of workers required to perform the Work under this Contract in accordance with the Work Completion Schedule. 

7.4. Immediately notify the Customer in writing and suspend Work at the relevant section of the Facility until instructions are received
from the Customer if it discovers: 
  

	 	•	 	 substandard Construction Materials or accompanying technical documentation supplied by the Customer; 

 

	 	•	 	 the start of weather conditions that prevent proper performance of the Work under the Contract, prevent performance of specific types of Work in
accordance with technical regulations; potential adverse consequences for the Customer which might result from the following its instructions regarding the method for performing the Work; 

 

	 	•	 	 Other extraordinary, unavoidable circumstances beyond the Contractor’s control that jeopardize the quality and/or durability of the results of
Work performed or make it impossible to complete the Work on time. 

 After receiving such a notification, the
Customer must consider it within 5 (five) business days and notify the Contractor of its decision. If the Customer insists on the performance of the Customer’s terms, requirements, instructions or requests disputed by the Contractor despite the
Contractor’s notification, the Contractor shall not be liable for any potential adverse consequences of their performance. 

7.5. The Contractor agrees to rectify defects, deficiencies and incomplete work discovered during construction, acceptance of the Work or
during the warranty period that arose 

  
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through the Contractor’s breach of (failure to perform) the Contract at its own expense in accordance with the procedure stipulated by the Contract. Normal wear and tear of the Construction
Materials and Equipment and improper use thereof by the Customer or third parties shall not be covered by the warranty. 
 7.6.
The Contractor shall properly maintain a work performance log on a daily basis and also properly prepare as-built and all other documentation. 
 7.7. Organize and coordinate the work of subcontractors at the Facility. 
 7.8.
Reimburse Customer’s expenses for supplying electricity and water to the Construction Site within 10 (ten) calendar days of receiving invoices sent by the Customer. 
 7.10. Ensure that the measures established by law concerning safety, health, industrial sanitation requirements, fire safety and environmental protection for the Contractor’s own employees and
subcontractor employees are provided at the Construction Site during the performance of the Work. 
 7.11. Ensure that the
workplaces and support facilities are maintained in accordance with the requirements of the WPP, regulations and the requirements of Gosstroynadzor (State Construction Supervisory Authority) throughout the entire period when the Work is being
performed. 
 7.12. Transfer the documentation required to commission the Facility which the Contractor is required by law to
compile. 
 7.13. Provide for security of the Construction Site (of Equipment and Construction Materials). 

7.14. The Contractor shall refrain from the following in any way: 

 

	 	•	 	 Persuade any individual or legal entity participating in the project to refuse any part of the compensation to which it is entitled;

  

	 	•	 	 Take bribes in connection with the execution of this project from any individual or legal entity or offer bribes to any individual or legal entity,
including, but not limited to, any commercial counterparty, subcontractor, consultant, supplier, representative of state authorities or other governmental institutions; 

 

	 	•	 	 request or recommend the involvement of any counterparty, the use of products, materials, equipment, systems, processes or procedures, in which the
Contractor has any direct or indirect ownership rights or other financial interest, without the Customer’s express written consent. 

 Section 8. OBLIGATIONS OF THE CUSTOMER 
 8.1. Ensure uninterrupted
funding of the construction of the Facility in accordance with the terms of the Contract taking into account the provisions of part 2 of clause 5.1. 
 8.2. Perform acceptance of the Work duly completed by the Contractor under a Statement in accordance with the terms of the Contract. 

8.3. Following completion of the Work, the Customer shall provide for the connection of new utility lines to existing networks, either on
its own or by engaging third parties. 
 8.4. When this Contract is signed, the Customer shall have transferred to the
Contractor 4 (four) sets of the design documentation with the “Ready for Performance of Work” stamp affixed and an additional electronic version on a magnetic or optical storage device to the extent required to begin the Work. 

  
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 8.5. Transfer the following documents to the Contractor within 10 (ten) business days after
the day on which this Contract is signed: 
 8.5.1. The geodesic control network for the performance of work, related technical
documentation as well as points and signs related to this network that are not fixed and marked in the Construction Site and their physical examination under a statement. 
 8.5.2. A copy of the document certifying rights to the land plot, copies of the decisions of executive authorities and the State Construction Supervisory Authority that permit the performance of the Work
on the Facility, under a statement. 
 8.6. Organize technical inspection of construction in accordance with TKP
45-1.03-162-2009 and field supervision of construction in accordance with TKP 45-1.03-207-2010. Ensure that the Customer’s representative responsible for technical inspection is present at the Construction Site on an ongoing basis (24 hours a
day, if required). 
 Conclude a contract to hire IDEAB Project Eesti AS as the company responsible for field supervision of the
Facility within 15 (fifteen) business days after the day on which the Contract is signed. 
 8.7. Transfer Construction
Materials to the Contractor under a transfer and acceptance statement for the performance of the Work, if the Contract stipulates this obligation for the Customer. 
 8.8. Comply with health and safety, environmental protection and fire safety requirements that are mandatory for all organizations involved in construction, if third parties are involved in performing
work on the Facility, and if third parties are invited onto the Construction Site. 
 8.9. Provide the required amount of land
for the installation of utilities and production areas for employees in accordance with the WPP, approved in accordance with the set procedure. 
 8.10. Provide the Contractor with authorization from the operator for connection and hookup of new utility lines to the existing networks within 3 (three) business days after receiving such a request.

 8.11. Organize the commissioning of the Facility. 
 Section 9. REPRESENTATIVES OF THE PARTIES 
 9.1. The Customer may
transfer a portion of its obligations under this Contract to the Engineer. The Customer shall inform the Contractor of the conclusion of a contract for engineering services with the Engineer and the Engineer’s purview. 

9.2. The Customer shall also appoint a Technical Inspector, which shall be authorized by the Customer to monitor the scope and quality of
the Work; to monitor the quality, quantity and other requirements for the Construction Materials used for construction of the Facility; and to perform other responsibilities stipulated by technical regulations of the Republic of Belarus. 

9.3. The Contractor shall ensure that the Technical Inspector and the Engineer have unimpeded access to inspect all documents and/or
facts provided for by this Contract and/or related thereto and/or to the Facility and/or which are required to perform their duties, if the compiling of such documents and/or the execution of such measures or ensuring their implementation is the
duty of the Contractor. 
 9.4. The Parties shall appoint authorized representatives to resolve any technical or other matters
arising during construction of the Facility. The Parties shall inform each other in writing of the full names and other contact details of such authorized representatives and their purview within 5 (five) business days after the conclusion of this
Contract. The Parties’ authorized representatives may also be individuals whose purview is specified by the Parties’ constituent documents. 

  
 11 

 9.5. When conducting Inspections, the Customer shall notify the Contractor of the Inspection
in writing no less than one business day prior to the Inspection. The Contractor shall ensure that its representative takes part in the Inspection and other activities provided for by the Contract. 

9.6. The Parties may replace their authorized representatives by notifying the other Party thereof. A Party shall be considered to have
been informed of the replacement of the other Party’s representative upon receipt of a written notification of such replacement. Actions taken by the authorized representatives of the Parties, as well as documents prepared by them prior to the
other Party’s receipt of the notification of their replacement, shall have legal force. 
 Section 10. LIABILITY OF THE PARTIES

 10.1. If the Contractor fails to meet the deadline for starting the Work on the Facility, it shall pay the Customer a late
fee of 0.3% of the Contract price for every day of delay. 
 10.2. If the Contractor fails to meet the deadlines for the
performance of the Work specified in the Work Completion Schedule, it shall pay the Customer a late fee of 0.3% of the cost of the delayed Work for every day of delay. 
 10.3. If the Customer fails to meet the deadlines for the payment for the Work performed, it shall pay the Contractor a late fee of 0.3% of the cost of the Work (of the Facility) that has not been paid
for every day of delay. 
 10.4. The Contractor shall compensate the Customer for fines levied upon the Customer by monitoring
or inspecting authorities as a consequence of the Contractor’s failure to meet the deadlines for the performing its obligations under the Contract. 
 Section 11. WARRANTY PERIOD FOR THE QUALITY OF WORKMANSHIP AND THE PROCEDURE FOR ADDRESSING DEFECTS/DEFICIENCIES DISCOVERED 

11.1. The Contractor hereby confirms that the quality of the Work performed under the Contract will comply with the requirements specified
in the Contract, design documentation, current laws and technical regulations. 
 11.2. The Contractor shall be liable for
defects and deficiencies in the completed Work and for destruction of the results of the Work during the period stipulated by the law of the Republic of Belarus after the Facility has been commissioned. 

11.3. The warranty period shall run from the day on which the Facility is commissioned. 

11.4. The Contractor shall assume liability for curing all defects and deficiencies in the Work discovered during the warranty period
except those at the fault of the Customer and/or third parties except the Contractor’s employees or subcontractors, including work performed by subcontractors, and if the Work departed from the Design Documentation or was a consequence of
another breach of the Contract or violation of the requirements of the law and/or the technical regulations. 
 11.5. A
Contractor representative shall be invited to the Facility to participate in compiling the report on defects and deficiencies and to reach agreement upon the timeframes and procedure for correcting them. This representative must arrive within a
reasonable period of time, to be specified by the Customer in the relevant notification. 
 11.6. If the Contractor’s
representative fails to appear within the period of time set by the Customer following receipt of a notification of the inspection date, the report on defects and deficiencies shall be compiled by the Customer without the Contractor and sent to the
Contractor together with a cover letter signed by the Customer. 

  
 12 

 Section 12. FORCE MAJEURE 

12.1. Both Parties to the Contract (the Customer and the Contractor) shall be released from liability for failure to perform their
obligations under this Contract to the extent that the Party citing the force majeure events is able to prove all of the following: i) those events are beyond its control; ii) it could foresee neither the events nor their consequences at the time
the Contract was concluded; iii) it was unable to prevent or overcome those events or their consequences; and iv) those events are extraordinary in nature (force majeure events, hereinafter referred to as the Events). 

The circumstances may result from the following: 
 a) wars, military action, terrorist acts, revolts and revolutions; 
 b) revolts or
civil, disturbances, sabotage and terrorist acts; 
 c) strikes (other than those involving the Contractor’s employees);

 d) natural disasters, such as destructive storms, natural catastrophes beyond the control of the Parties (floods, earthquakes
etc.); 
 12.1.1. The term “force majeure events” does not include: lack of permits, licenses or authorization
required for entry or residence or other permit documentation required to perform the Contract and issued by state authorities or other parties, with the exception of refusals to issue permit documentation declared invalid by a decision of a court
of the Republic of Belarus, nor a Party’s lack of the required financing or funds. 
 12.1.2. In Events, the deadline for
performing the obligations under the Contract may be postponed for the period during which they are in effect and also by the time required to address their consequences. 
 12.2. The affected Party shall inform the other Party in writing of such Events without delay and no later than 5 days after they occur. Such notifications shall contain a description of the events and
their potential consequences. 
 The affected Party shall also inform the other Party in writing of the end such Events without
delay and no later than 5 days after they end. 
 Any failure to notify the other Party of such Events or delay in doing so
shall prohibit the Party affected from citing such Events. 
 12.3. A statement from the Chamber of Commerce and Industry of the
Republic of Belarus is required as confirmation that such Events occurred and their duration. 
 12.4. If such Events and/or
their consequences last for more than 3 months, either Party may terminate this Contract. In the event of such termination, neither Party may demand compensation of damages or losses from the other Party. 

Section 13. DISPUTE RESOLUTION 
 13.1. All disputes arising from this Contract or related thereto shall be resolved by negotiations between the Parties. Claims under the Contract shall be considered by the Party that receives them within
10 (ten) business days of receipt. 
 13.2. If the Parties are unable to reach agreement, disputes shall be referred to the
Minsk Business Court. 
 13.3. The applicable law under this Contract shall be the law of the Republic of Belarus. 

  
 13 

 Section 14. PROCEDURE FOR AMENDING AND TERMINATING THE CONTRACT 

14.1 The Contract may be terminated by a written consent of the Parties executed as a single document and by other means stipulated by the
Contract for each specific situation. 
 14.2. The Customer may unilaterally repudiate the Contract in full or in part without
recourse to a court by notifying the Contractor in writing, including if: 
  

	 	•	 	 Bankruptcy (insolvency) proceedings are initiated against the Contractor; 

 

	 	•	 	 Completion of the Work, including intermediate stages stipulated by the Work Completion Schedule, is delayed or suspended through the Contractor’s
fault by more than 60 (sixty) calendar days or it becomes obvious that Work will not be completed by the deadline stipulated hereunder. 

 14.3. If an overpayment by the Customer to the Contractor has resulted from the termination of the Contract, the Contractor shall return the difference to the Customer as unjust enrichment within 7
(seven) business days after the day on which the Contract is terminated. 
 Following termination of the Contract for any of the
reasons listed in clause 14.2, the Contractor shall receive payment of the following within 7 (seven) business days after the day of termination: 
  

	 	•	 	 The cost of the Work performed by the Contractor up to the day of termination; 

 

	 	•	 	 The costs incurred by the Contractor up to the point of receipt of the Contract termination notice. 

14.4. Unless the Parties agree otherwise, the Contractor must remove any property that is not to be transferred to the Customer from the
Construction Site, transfer under a statement the as-built documentation, the property owned by the Customer and the Construction Site to the Customer and bring the Construction Site into the appropriate sanitary condition within 30 (thirty)
calendar days after the termination date. 
 14.5. The Contractor may unilaterally repudiate the Contract in full or in part
without recourse to a court by notifying the Customer in writing, if: 
  

	 	•	 	 Bankruptcy (insolvency) proceedings are initiated against the Customer; 

 

	 	•	 	 The Customer systematically (more than twice) delays payment for Work performed and duly accepted by more than 20 (twenty) calendar days.

 14.6. Termination of the Contract on grounds stipulated in clause 14.5. of the Contract shall give the
Contractor the right to demand payment for Work performed up to the day of termination and other costs incurred by the Contractor up to the time when the Customer received the notice of termination. 

14.7. The time given by the Party in the notification of repudiation of the Contract may not be less than 10 (ten) business days after
the day on which the other Party receives the notice. 
 14.8. The Parties shall sign settlement reconciliation statements
within 20 (twenty) business days after the termination of the Contract, and complete any actions to inspect the scope and quality of the Work performed on the Facility up to the time of Contract termination and transfer of the Facility to the
Customer. 
 The expenses arising from the early termination of the Contract shall be borne by the Party responsible for early
termination. 
 14.9. Changes in material circumstances, including those that could not have been foreseen when the Contract was
signed, shall not serve as grounds for amending and/or terminating the Contract. 

  
 14 

 14.10. The Contract may be amended only on the basis of a written agreement signed by
authorized representatives of the Parties, except as specified in subclauses 3.1., 5.4., 14.2. and 14.5. of the Contract. 
 Section 15.
MISCELLANEOUS 
 15.1. The Parties hereby represent and warrants that: 

 

	 	•	 	 They are fully authorized to conclude and perform the Contract and the obligations and responsibilities stipulated in it in accordance with the law of
the Republic of Belarus and to comply with the terms specified herein; 

  

	 	•	 	 All actions required for the proper and lawful execution of the Contract and performance of the obligations thereunder have been taken;

  

	 	•	 	 Neither Party has been subjected to threats, violence, or financial pressure or misled for the purpose of ensuring that the Contract is signed on the
terms specified herein; 

 15.2. The Parties have reached agreement upon all the conditions that are required
to ensure that both Parties consider the Contract to have been concluded. 
 15.3. If any provision of this Contract is or
becomes partially or fully invalid, this shall not affect the remaining provisions of the Contract. In such cases, the Parties hereby agree to conclude a supplemental agreement as quickly as possible to replace the invalid provisions of the Contract
with other, legally valid, provisions, which, insofar as possible, achieve the same financial and legal outcomes as intended in the invalid provision of the Contract. 
 15.4. All appendices to the Contract shall be integral parts thereof. 
 15.5. The
Contract has been concluded in Russian and English in two identical counterparts. The Russian version of the Contract shall take precedence during interpretation of the Contract and consideration of claims and disputes. 

15.6. The Contract shall come into force (be considered to have been concluded) when it is signed and sealed by the Parties and shall
remain in force until the Parties fully perform their obligations. 
 15.7. Once the Contract is concluded, all previous
negotiations between the Parties, correspondence, previous agreements, memoranda of intent and other documents regarding matters concerning obligations under the Contract shall lose all legal force. 

15.8. All correspondence between the Customer and the Contractor shall be conducted in Russian by registered mail with notification of
receipt or by courier. 
 15.9. The Parties shall take measures to protect each other’s commercial secrets and confidential
know-how, documentation, designs, drawings and information they receive from each other. 
 15.10. Unless the Contract directly
stipulates otherwise, notifications must be made in writing using the address given as the postal address in this Contract or hand delivered against their signature to the recipient Party’s authorized representative. 

16. ADDITIONAL TERMS 
 16.1. The Contractor shall fully comply with the applicable law, legal norms, decrees and rulings (hereinafter referred to as the Law) and with EPAM policy and the procedures at the relevant time
(hereinafter referred to as the Policy). The above notwithstanding, the Contractor agrees to act in strict compliance with the Foreign Corrupt Practices Act of the United States, the UK Bribery Act, the Regulation of the Office of Foreign Assets
Control of the United States Department of the Treasury and any other current or future applicable laws aimed at preventing bribery, corruption and money laundering. 

  
 15 

 16.2. The Contractor hereby agrees that if i) any of its directors, employees, officials or
agents is or becomes employed by any government organization, institution, intermediary agency, governmental executive body, political party or public international organization; or ii) anyone employed by any government organization, institution,
intermediary agency, governmental executive body, political party or public international organization owns or acquires, directly or indirectly, shares or other beneficiary interest in the Contractor’s company, the Contractor shall inform the
Customer thereof in writing as soon as it is notified of such a transaction. Upon receiving the relevant notification and the provisions of this Contract notwithstanding, the Customer may immediately terminate this Contract without any liability.

 16.3. The Contractor shall take any and all measures necessary and/or measures requested by the Customer to comply with all
laws and requirements to ensure that this Contract has legal force. The Contractor hereby agrees to make no payments and to refuse to approve any such payments nor to take or agree to any actions that are related to the direct or indirect transfer
of money or gifts to a third party, if such transfer can be considered to be an illegal payment in accordance with the Law and the Policy or can serve as a reason for the Customer’s violation of the Law or the Policy. 

16.4. The Contractor hereby represents, warrants and agrees that: the Contractor, its directors, employees, officials, agents and
shareholders shall make no payments directly or indirectly, promise to pay or allow the payment of any funds, nor transfer, promise to transfer or allow the transfer of any tangible property to individuals, organizations, employees or officials of
any government organization, institution or government intermediary agency (including any employee or official of the United States or US government organization, institution or government intermediary agency) or any employee or official of any
public international organization, in order to influence the actions or decisions of such officials or employees in connection with the performance of obligations under this Contract. No payments, approvals and/or promises of the payment of money or
transfer of gifts described in subsection 16.4. have been made prior to the conclusion of this Contract. 
 16.5. The Contractor
hereby represents, warrants and agrees that: all permits, licenses, contracts and any other rights, interests and/or resources which are owned by the Contractor or have been transferred, sold, provided under a license or otherwise sent by the
Contractor to the Customer, in full or in part, related to the subject of this Contract, or those that may be transferred, sold, provided under a license or otherwise sent by the Contractor to the Customer, in full or in part, in the future, related
to the subject of this Contract, were obtained in accordance with the provisions of subsection 16.4. and in compliance with all applicable laws aimed at preventing bribery and corruption. 

16.6. The provisions of this Contract notwithstanding, if the Customer receives information that it, at its sole discretion, considers on
the basis of sufficient grounds to be evidence that the Contractor has breached any of the provisions specified in subsections 16.2., 16.3., 16.4. and 16.5. (Obligations), the Customer shall contact the Contractor and may subsequently terminate this
Contract immediately without any liability. 
 16.7. If the Customer independently believes that the obligations,
representations or warranties in respect of this Section of this Contract have been breached, the Customer may audit the Contractor’s accounts and documents and/or suspend any future payments until it receives sufficient information to prove
that no such breach occurred or will occur, and/or may immediately 

  
 16 

 
terminate this Contract without any liability (including with respect to making any payments) in addition to any and all court action available under the law and in equity. If obligations are
breached, all requirements in respect of making any payments (including requirements for sales and services that have been provided) shall be invalid and all payments must be refunded to the Customer. 

16.8. Performance guarantee: the Contractor hereby represents, warrants and agrees that: a) all materials and equipment shall, at the
very least, comply with standards specified in the relevant documents, but must under no circumstances fail to comply with the requirements in respect of their condition, suitability for work or quality, must be properly packed, protected and stored
in a manner that prevents damage during transportation, inclement weather, theft or other factors, and must not be subject to retention, encumbrance or third-party rights; b) the Work shall correspond to the agreed objective; c) Work shall be
performed in compliance with the specifications and design documentation for the Facility and the technical standards and codes of the Republic of Belarus; and d) Work and services shall comply with the law, legal standards, decrees and rulings.

 16.9. Indemnity: the Contractor shall indemnify the Customer, Customer affiliates and all directors, officers, employees and
agents for claims and guarantee compensation of any amounts paid in connection with damages, losses, expenditures and costs as well as court costs, including reasonable legal fees arising in connection with the performance of the Work, including
professional services provided by the Contractor, related to a) bodily harm, illness, death or destruction of property, b) failure by the Contractor and/or its representatives to comply with the applicable law, legal standards, decrees and/or
rulings, c) payments for equipment, materials, services and/or wages and/or compensation, and/or d) negligence or deliberate actions by the Customer or its representatives. 
 The Contractor agrees to compensate all losses incurred by third parties during the performance of this Contract. 

  
 17 

 Section 17. APPENDICES TO THE CONTRACT. 

 

			
	 Appendix 1
	  	Work Completion Statement. Form;
	 Appendix 2
	  	Certificate of Work Completed. Form;
	 Appendix 3
	  	Construction Site Transfer Statement. Form;
	 Appendix 4
	  	Request for an Advance Payment for a Specific Purpose. Form
	 Appendix 5
	  	List of Construction Materials Supplied by the Contractor;
	 Appendix 6
	  	Payment Schedule;
	 Appendix 7
	  	Work Completion Schedule;
	 Appendix 8
	  	Structure and Content of Design Documentation;
	 Appendix 9
	  	Delivery Schedule for Construction Materials Supplied by the Contractor;
	 Appendix 10
	  	Specifications for Construction Materials Supplied by the Contractor under the First Advance Payment for a Specific Purpose;
	 Appendix 11
	  	Statement regarding the Use of a One-off Advance Payment for a Specific Purpose. Form;
	 Appendix 12
	  	List of Work Not Included in the Contract price;
	 Appendix 13
	  	Documents Confirming the Purview of the Parties’ Representatives.

 Section 18. CONTACT INFORMATION AND SIGNATURES OF THE PARTIES 

 

			
	CONTRACTOR	 	CUSTOMER
		
	 Ideab Project Eesti AS

Registration number: 10673734,
 96 Nymmee
St.,
 Tallinn, Estonia, 13418
 Tel:
+372 5117934
 Fax: +372 6563 263

e-mail: info@ideabpro.com
 IBAN
942200221015589654 Hansabank,
 12 Liivalaia St., Tallinn, Estonia
	 	 FLLC “EPAM Systems”
 Office 110, building 1, 1 Ak. Kuprevicha St.,
 Minsk, 220141

Current account 3012006710015, OAO
 Priorbank,
CBU 113, Minsk, code 749
 OKPO [Russian National Classifier of
 Businesses and Organizations] 375 174 42
 UNN [Taxpayer Registration Number] 101

546 673

		 	Tel: (017) 389 01 00, (017) 389 01 00
	Management Committee Member	 	Fax: (017) 268 66 99

  

							
		 		  	 General Director

	 /s/ G. V. Nikitina
	 	 G. V. Nikitina
	  		 	
		 		  	 /s/ S.F. Divin
	 	S.F. Divin

  
 18 

 Appendix 1 
 To Construction Contract No. IPB 1.5./103 
 Form 

Work / Phase 

Completion Statement 
 For                           20     

Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on Kuprevicha St. in Minsk 

Customer: Foreign Limited Liability Company “EPAM Systems” 
 Contractor: Ideab Project Eesti AS 
 Contract dated “    ”
                     2011 No. IPB 1.5./103 

Additional agreement dated                      No.
                     
 Contract price as of
the contract execution date in US dollars: USD17,208,955.30 
 Work start date: 8 December 2011 

Work completion date: 15 September 2012 
 (US dollars) 
  

																			
	 Rationale
	 	 Type of work / phase
	 	Volume and cost of the
contract price, total	 	Completed	 	Remaining balance
	 	 	 	Since the start of
construction	 	During the reporting
period	 
	 	 	volume	 	price	 	volume	 	price	 	volume	 	price	 	volume	 	price
										
		 	Contract price as of the contract execution date – total	 		 		 		 		 		 		 		 	
										
		 	Total work completed taking into account the cost change ratio	 		 		 		 		 		 		 		 	
										
		 	Including: Contractor materials	 		 		 		 		 		 		 		 	

																			
	 Rationale
	 	 Type of work / phase
	 	Volume and cost of the
contract price, total	 	Completed	 	Remaining balance
	 	 	 	Since the start of
construction	 	During the reporting
period	 
	 	 	volume	 	price	 	volume	 	price	 	volume	 	price	 	volume	 	price
										
		 	Contributions to innovation fund	 		 		 		 		 		 		 		 	
										
		 	Taxes, charges, contributions deducted from revenue (excluding VAT)	 		 		 		 		 		 		 		 	
										
		 	VAT	 		 		 		 		 		 		 		 	

 CALCULATION OF THE COST OF MATERIAL EXPENDITURES (CONTRACTOR MATERIALS) 

 

															
	 Item
No.
	  	 Name, brand, country of origin
	  	Unit	  	Quantity	  	Price
excluding
VAT,
US dollars	  	Cost
excluding
VAT,
US dollars	  	VAT @
20%,
US dollars	  	Cost
including
VAT,
US dollars
	 1
	  	2	  	3	  	4	  	5	  	6	  	7	  	8
	 1.1.
	  		  		  		  		  		  		  	

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G.V. Nikitina	 	  
	 	S.F. Divin

 Appendix 2 
 To Construction Contract No. IPB 1.5./103 
 Form 

Statement 
 on the
cost of work / phases completed 
 For     
                     20     
 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 
 Contractor: Ideab Project
Eesti AS 
 Contract dated     
                     2011 No. IPB 1.5./103 

Additional agreement dated                      No.
                     
 Contract price as of
the contract execution date in US dollars: USD17,208,955.30 
 Work start date: 8 December 2011 

Work completion date: 15 September 2012 
  

							
	 Name of Item
	 	Cost of work completed, US dollars
	 	Since the start of	 	During the
reporting period
	 	construction	 	year	 
				
	 Total under the contract price at the prices in effect when the contract was executed
	 		 		 	
				
	 Including:
	 		 		 	
				
	 Deductions to innovation fund
	 		 		 	
				
	 Taxes, charges, deductions from revenue (excluding VAT)
	 		 		 	
				
	 VAT
	 		 		 	
				
	 Cost of materials supplied by the contractor
	 		 		 	
				
	 Cost of additional work / services not included in the contract price - total
	 		 		 	
				
	 Including:
	 		 		 	
				
	 Deductions to innovation fund
	 		 		 	
				
	 Taxes, charges, deductions from revenue (excluding VAT)
	 		 		 	

							
	 Name of Item
	 	Cost of work completed, US dollars
	 	Since the start of	 	During the
reporting period
	 	construction	 	year	 
				
	 VAT
	 		 		 	
				
	 Cost of work performed for statistical reporting
	 		 		 	
				
	 Cost of equipment purchased by the contractor on client instructions - total
	 		 		 	
				
	 Including VAT
	 		 		 	
				
	 Deducted during settlements for work performed - total
	 		 		 	
				
	 Including:
	 		 		 	
				
	 Advance payment for contractual work
	 		 		 	
				
	 Total due for payment
	 		 		 	

 For Reference: 
  

							
	 Name of Item
	 	Total, US dollars
	 	Since the start of	 	During the
	 	construction	 	year	 	reporting period
	 Advance payments for specific purposes transferred to the Contractor
	 		 		 	
				
	 Construction materials delivered to the construction site
	 		 		 	
				
	 Construction materials used by the Contractor for construction
	 		 		 	

  

							
	 Contractor
	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 3 
 To Construction Contract No. IPB 1.5./103 
 Form 

Site 

Transfer Statement 
  

			
	Minsk	  	                           
                                     2011

 Site: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevich St. in Minsk 
 Customer: FLLC “EPAM Systems” 
 Contractor: Ideab Project Eesti AS 
 The Customer, represented by
            , has transferred, and the Contractor, represented by             , has accepted for construction of the Facility, a
plot of land (site) allocated in accordance with the decision of the Minsk City Executive Committee             in a condition that allows construction work to begin. 

In addition to the transfer of the Construction Site, the Contractor has also received the geodesic control network and related technical documentation,
as well as points and signs related to this network fixed and marked in the construction site. 
  

							
	Contractor	 		 	Customer	 	
	Ideab Project Eesti AS	 		 	FLLC “EPAM Systems”	 	
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 4 
 To Construction Contract No. IPB 1.5./103 
 Form 

REQUEST FOR AN ADVANCE PAYMENT FOR A SPECIFIC PURPOSE 

 

			
	Minsk	  	                 2011

 Site: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Please make an advance payment to facilitate the purchase of the following construction materials: 

 

											
	 No.
	  	 Name, manufacturer, supplier, brand, units (technical
characteristics)
	  	Quantity	  	Payment
deadline	  	Amount	  	Delivery
date
	 1
	  		  		  		  		  	
	 2
	  		  		  		  		  	
	 3
	  		  		  		  		  	

 Procedure for making the advance payment: 
 Wire transfer using the following details: 
  

	
	   

	 

 Attachments: 
  

	
	 
	 
	 
	 
	 
	 

  

							
	CONTRACTOR:	 		 		 	
				
	  
	 	G. V. Nikitina	 		 	
				
	Contractor	 		 	Customer	 	
	Ideab Project Eesti AS	 		 	FLLC “EPAM Systems”	 	
				
	  
	 	G.V. Nikitina	 	  
	 	S.F. Divin

 Appendix 5 
 To Construction Contract No. IPB 1.5./103 
 LIST OF CONSTRUCTION MATERIALS

 SUPPLIED BY THE CONTRACTOR 
  

			
	Minsk	 	                  2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Expanded list in which the proportions of material costs may vary within the section cost / contract cost. The quantity of construction materials
supplied is given for reference. If there are differences in the quantity of the construction materials given in this Appendix, the quantity given in project documents shall be used. 

 

									
	 Section Nos.
	  	 MATERIALS
	  	 Unit
	  	 Quantity
	  	 Cost
(US dollars)

					
	1.	  	REINFORCED CONCRETE MATERIALS AND PRODUCTS and auxiliary materials and components	  		  		  	600,000
					
	1.1	  	Concrete	  	m3	  	2100	  	
					
	1.2	  	Reinforcement metal	  	tons	  	110	  	
					
	1.3	  	Basement panels	  	pc	  	28	  	
					
	1.4	  	Ground floor slab	  	m3	  	310	  	
					
	1.5	  	Lift devices and equipment	  		  		  	
					
	2.	  	METAL FRAME, PREFAB STAIRWELL COMPONENTS, COVERING (roof), water disposal system, auxiliary materials and components	  		  		  	4,750,000
					
	2.1	  	Building frame	  	pc	  	2068	  	
					
	2.2	  	Clerestory frames	  	m	  	830	  	

									
	 Section Nos.
	  	 MATERIALS
	  	 Unit
	  	 Quantity
	  	 Cost
(US dollars)

					
	2.3	  	Glass facade beams	  	m	  	3015	  	
					
	2.4	  	Exterior stairways	  	pc	  	2	  	
					
	2.5	  	Interior stairways	  	pc	  	2	  	
					
	2.7	  	Passageway framework	  	pc	  	1	  	
					
	2.8	  	Ventilation shafts	  	pc	  	2	  	
					
	2.9	  	Fasteners and auxiliary materials (bolts, plates, corners)	  		  		  	
					
	2.10	  	Water disposal system	  	m	  	470	  	
					
	2.11	  	Main entrance canopy, entrance canopies, main entrance stairs	  	pc	  	4	  	
					
	2.12	  	Roofing	  	m2	  	2500	  	
					
	2.13	  	Embedded fasteners and auxiliary materials	  		  		  	
					
	3.	  	FLOORING, auxiliary materials and components	  		  		  	700,000
					
	3.1	  	Permanent decking	  	m2	  	11650	  	
					
	3.2	  	Vibration-regulating surface for air conditioners	  	m2	  	370	  	
					
	4.	  	GLASS FACADE, windows, central glass door, auxiliary materials and components	  		  		  	540,000
					
	4.1	  	 Windows
	  	pc	  	940	  	
					
	4.2	  	Glass facade	  	m2	  	1700	  	
					
	5.	  	SECURITY PERIMETER	  		  		  	720,000
					
	5.1	  	Wall panels	  	m2	  	6600	  	
					
	5.2	  	Shaped elements	  	m	  	150	  	
					
	5.3	  	Decorative facade elements	  	m	  	4300	  	
					
	5.4	  	Canopies	  	m	  	5	  	
					
	5.5	  	Central stairway	  	pc	  	2	  	

									
	 Section Nos.
	  	 MATERIALS
	  	 Unit
	  	 Quantity
	  	 Cost
(US dollars)

					
	 5.6
	  	Emergency escape stairways	  	pc	  	2	  	
					
	 5.7
	  	Auxiliary materials and components	  		  		  	
					
	 6.
	  	 THYSSENKRUP ELEVATORS
  

•    auxiliary materials and components
	  	pc	  	4	  	415,000
					
	 7.
	  	VENTILATION EQUIPMENT	  		  		  	960,000
					
	 7.1
	  	 Ventilation systems
	  	Sets	  	2	  	
					
	 7.2
	  	Air conditioning systems	  	Sets	  	2	  	
					
	 7.3
	  	Auxiliary elements, fasteners, fixtures	  		  		  	
					
	 8.
	  	UTILITIES EQUIPMENT	  		  		  	363,000
					
	 8.1
	  	 Electrical room
	  	pc	  	1	  	
					
	 8.2
	  	 Water meter
	  	pc	  	1	  	
					
	 8.3
	  	 Booster station
	  	pc	  	1	  	
					
	 8.4
	  	 Heating systems
	  	pc	  	1	  	
					
	 8.5
	  	Cable systems	  	pc	  	1	  	
					
	 8.6
	  	Components, auxiliary elements	  		  		  	
					
	 9.
	  	FINISHING MATERIALS	  		  		  	3,700,000.30
					
		  	Partitions, glass partitions	  	pc	  	122	  	
					
		  	Furniture sheets, HPL [High-pressure laminates]	  	pc	  	1200	  	
					
		  	 Lighting fixtures
	  	pc	  	890	  	
					
		  	 Stair treads
	  	Spans	  	45	  	
					
		  	 Poured floors
	  	m2	  	2883	  	
					
		  	 Rolled floor covering
	  	m2	  	9537	  	
					
		  	 Artificial grass
	  	m2	  	750	  	
					
		  	 Ceramic tiles
	  	m2	  	1846	  	
					
		  	 Interior doors
	  	pc	  	307	  	

									
	 Section Nos.
	  	 MATERIALS
	  	 Unit
	  	 Quantity
	  	 Cost
(US dollars)

					
		  	 Exterior doors
	  	pc	  	40	  	
					
		  	 Fire doors
	  	pc	  	144	  	
					
		  	 Plumbing fixtures: toilets, basins, showers
	  	pc	  	257	  	
					
		  	Components, fasteners, auxiliary and sealing materials, sealers, silicones, pumped materials, sockets, switches, electric cables, putty, primer, paints	  		  		  	
					
		  	 TOTAL
  

(Inclusive of taxes, duties and delivery costs)
	  		  		  	13,740,955.30

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 6 
 To Construction Contract No. IPB 1.5./103 
 PAYMENT SCHEDULE 

 

											
	Minsk	 		 		 		 		  	            2011

 Site Name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 
  

																	
	 Construction months / phases
	  	Total payments for
the phase (work,
construction
materials) in
US
dollars	 	  	Including:	 
	  	  	Total
advance
payments for specific
purposes made during
the period (purchasing
construction
materials)	 	  	Advance payments
for contract work
for the phase	 	  	Payment for work
performed during the
current month	 
	 Reason for payment
	  	 	 	  	Request for an
advance payment for
a specific purpose
(Appendix 4)	 	  	Contractor invoice
issued 10 days
before payment	 	  	Work Completion
Statement, statement
on work completed	 
	 08/12/2011 – 20/12/2011
	  	 	800,000.00	  	  	 	700,000.00	  	  				  	 	100,000.00	  
	 21/12/2011 – 20/01/2012
	  	 	400,000.00	  	  				  	 	200,000.00	  	  	 	200,000.00	  
	 21/01/2012 – 20/02/2012
	  	 	1,930,000.00	  	  	 	1,530,000.00	  	  	 	200,000.00	  	  	 	200,000.00	  
	 21/02/2012 – 20/03/2012
	  	 	1,730,000.00	  	  	 	1,330,000.00	  	  	 	200,000.00	  	  	 	200,000.00	  
	 21/03/2012 – 20/04/2012
	  	 	2,345,000.00	  	  	 	1,945,000.00	  	  	 	200,000.00	  	  	 	200,000.00	  
	 21/04/2012 – 20/05/2012
	  	 	3,970,000.00	  	  	 	3,470,000.00	  	  	 	250,000.00	  	  	 	250,000.00	  
	 21/05/2012 – 20/06/2012
	  	 	2,950,000.00	  	  	 	2,450,000.00	  	  	 	250,000.00	  	  	 	250,000.00	  
	 21/06/2012 – 20/07/2012
	  	 	2,652,955.30	  	  	 	2,152,955.30	  	  	 	250,000.00	  	  	 	250,000.00	  
	 21/07/2012 – 15/09/2012
	  	 	163,000.00	  	  	 	163,000.00	  	  				  			
	 15/10/2012
	  	 	268,000.00	  	  				  				  	 	268,000.00	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	 	17,208,955.30	  	  	 	13,740,955.30	  	  	 	1,550,000.00	  	  	 	1,918,000.00	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 7 
 To Construction Contract No. IPB 1.5./103 
 WORK COMPLETION SCHEDULE

  

			
	Minsk	  	                  2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 
  

																																	
	 	  	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	WPP1	  	During the period at the contract price as of the contract execution date	 				 		 	 	100,000	  	 		 	X	 		 		 		 		 		 		 		 	
	WPP	  	Preparation period	 				 		 				 		 	X	 		 		 		 		 		 		 		 	
	WPP	  	Construction camp organization	 	 	10	% 	 		 				 		 	X	 		 		 		 		 		 		 		 	
		  	  

•     Preparing site for construction service buildings
	 				 		 				 		 		 		 		 		 		 		 		 		 	
		  	  

•     Connecting construction service buildings to electricity hook-up
point
	 				 		 				 		 		 		 		 		 		 		 		 		 	

  

 

	1 	 WPP – Work Production Plan 

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
		  	 •      Setting up temporary sewer at the connection point
	 				 				 				 				 		 		 		 		 		 		 		 		 	
		  	  

•      Preparing biotoilet site
	 				 				 				 				 		 		 		 		 		 		 		 		 	
		  	  

•      Preparing site for storage of non-flammable materials
	 				 				 				 				 		 		 		 		 		 		 		 		 	
	WPP	  	Temporary buildings	 	 	10	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
		  	  

•      Preparing a site for vehicle tire washing
	 				 				 				 				 		 		 		 		 		 		 		 		 	
	WPP	  	General site work	 	 	10	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
		  	  

•      Organizing site staking
	 				 				 				 				 		 		 		 		 		 		 		 		 	
		  	  

•      Preparing site for temporary roads
	 				 				 				 				 		 		 		 		 		 		 		 		 	
	MP	  	Vertical grading (start)	 	 	10	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
		  	  

•      Soil transfer in accordance with the project
	 				 				 				 				 		 		 		 		 		 		 		 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	500,000	  	 	 	100,000	  	 		 	X	 		 		 		 		 		 		 	
	WPP	  	Organization of construction camp	 	 	70	% 	 	 	80	% 	 				 				 		 	X	 		 		 		 		 		 		 	
	WPP	  	Temporary buildings	 	 	70	% 	 	 	80	% 	 				 				 		 	X	 		 		 		 		 		 		 	
	WPP	  	General site work	 	 	70	% 	 	 	80	% 	 				 				 		 	X	 		 		 		 		 		 		 	

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	MP2	  	Vertical grading	 	 	60	% 	 	 	70	% 	 				 				 	X	 		 		 		 		 		 		 		 	
	MP	  	Earthworks	 	 	50	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	MP RCS3	  	Foundation compaction	 	 	50	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	MP RCS	  	Gravel base	 	 	50	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	MP RCS	  	Other foundations	 	 	50	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	MP RCS	  	Backfill to el. 1,000	 	 	30	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	MP RCS	  	Backfill to el. 0.030	 	 	30	% 	 				 				 				 	X	 		 		 		 		 		 		 		 	
	DD4	  	During the period at the contract price as of the contract execution date	 				 				 	 	1,200,000	  	 	 	800,000	  	 		 	X	 		 		 		 		 		 		 	
	WPP	  	Organization of the construction camp	 	 	20	% 	 	 	100	% 	 				 				 		 	X	 		 		 		 		 		 		 	
	WPP	  	Temporary buildings	 	 	20	% 	 	 	100	% 	 				 				 		 	X	 		 		 		 		 		 		 	
	WPP	  	General site work	 	 	20	% 	 	 	100	% 	 				 				 		 	X	 		 		 		 		 		 		 	
	MP	  	Vertical grading	 	 	30	% 	 	 	100	% 	 				 				 		 	X	 		 		 		 		 		 		 	

  

 

	2 	 MP – Master plan  

	3 	 RCS – Reinforced Concrete Structures  

	4 	 DD – Design Documentation  

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	MP RCS	  	Foundation compaction	 	 	50	% 	 	 	100	% 	 				 				 		 		 	X	 		 		 		 		 		 	
	MP RCS	  	Gravel base	 	 	50	% 	 	 	100	% 	 				 				 		 		 	X	 		 		 		 		 		 	
	MP RCS	  	Other foundations	 	 	40	% 	 	 	90	% 	 				 				 		 		 	X	 		 		 		 		 		 	
	MP RCS	  	Backfill to el. 1.000	 	 	60	% 	 	 	90	% 	 				 				 		 		 	X	 		 		 		 		 		 	
	RMC	  	Installation of basement panels	 	 	50	% 	 				 				 				 		 		 	X	 		 		 		 		 		 	
	MP RCS	  	Backfill to el.0.030	 	 	60	% 	 	 	90	% 	 				 				 		 		 	X	 		 		 		 		 		 	
	MP RCS MS5	  	Installation of columns	 	 	20	% 	 				 				 				 		 		 	X	 		 		 		 		 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	1,630,000	  	 	 	1,230,000	  	 		 		 		 	X	 		 		 		 		 	
	MP RCS	  	Other foundations	 	 	10	% 	 	 	100	% 	 				 				 		 		 		 	X	 		 		 		 		 	
	MP RCS	  	Backfill o el. 1.000	 	 	10	% 	 	 	100	% 	 				 				 		 		 		 	X	 		 		 		 		 	
	MP RCS	  	Backfill to el. 0.030	 	 	10	% 	 	 	100	% 	 				 				 		 		 		 	X	 		 		 		 		 	
	MP RCS	  	Installation of basement panels	 	 	50	% 	 	 	100	% 	 				 				 		 		 		 	X	 		 		 		 		 	
	MP RCS MS	  	Installation of columns	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 	X	 		 		 		 		 	
	MS	  	Installation of beams	 	 	30	% 	 				 				 				 		 		 		 	X	 		 		 		 		 	

  
  

	5 	 MS – Metallic Structures  

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	MS	  	Installation of ties	 	 	20	% 	 				 				 				 		 		 		 	X	 		 		 		 		 	
	RCS MS	  	Installation of flooring	 	 	20	% 	 				 				 				 		 		 		 	X	 		 		 		 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	2,390,000	  	 	 	1,990,000	  	 		 		 		 		 	X	 		 		 		 	
	MS	  	Installation of columns	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 	X	 		 		 		 	
	MS	  	Installation of beams	 	 	30	% 	 	 	60	% 	 				 				 		 		 		 		 	X	 		 		 		 	
	MS	  	Installation of ties	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 		 	X	 		 		 		 	
	RCS MS	  	Installation of flooring	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 		 	X	 		 		 		 	
	AS MS RCS	  	Installation of envelope structures	 	 	20	% 	 				 				 				 		 		 		 		 	X	 		 		 		 	
	AS MS RCS	  	Installation of stairs	 	 	20	% 	 				 				 				 		 		 		 		 	X	 		 		 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	2,522,955	  	 	 	2,022,955.3	  	 		 		 		 		 		 		 		 		 	
	MS	  	Installation of columns	 	 	20	% 	 	 	100	% 	 				 				 		 		 		 		 		 	X	 		 		 	
	MS	  	Installation of beams	 	 	30	% 	 	 	90	% 	 				 				 		 		 		 		 		 	 X
	 		 		 	
	MS	  	Installation of ties	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 		 	X	 		 		 	
	RCS MS	  	Installation of flooring	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 		 	X	 		 		 	

	

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	AS6 RCS MS	  	Installation of envelope structures	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 		 		 	X	 		 		 	
	AS MS RCS	  	Installation of stairs	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 		 		 	X	 		 		 	
	AS RCS MS	  	Roofing application	 	 	30	% 	 				 				 				 		 		 		 		 		 	X	 		 		 	
	AS MS HV7 PS8
EL9, MB10	  	Installation of utility equipment	 	 	20	% 	 				 				 				 		 		 		 		 		 	X	 		 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	3,390,000	  	 	 	2,890,000	  	 		 		 		 		 		 		 		 		 	
	MS	  	Installation of beams	 	 	10	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 	X	 		 	
	MS	  	Installation of ties	 	 	20	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 	X	 		 	
	RCS MS	  	Installation of flooring	 	 	20	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 	X	 		 	
	AS RCS MS	  	Installation of envelope structures	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 		 		 	X
 X
	 		 	
	AS RCS MS	  	Installation of stairs	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 		 		 	X
	 		 	

  

 

	6 	 AS – Architectural Solution 

	7 	 HV – Heating and Ventilation 

	8 	 PS – Plumbing and Sewage 

	9 	 EL – Electrical Lighting 

	10	 MB – metal
sheathing, braiding over hoses, cables 

	

																																					
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	 	Materials	 	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	AS RCS MS PS	  	Roofing application	 	 	30	% 	 	 	60	% 	 				 				 		 		 		 		 		 		 	X	 		 	
	AS MS HV	  	Installation of utility equipment	 	 	30	% 	 	 	50	% 	 				 				 		 		 		 		 		 		 	X	 		 	
	AS VK MS RCS	  	Installation of ventilation equipment	 	 	30	% 	 				 				 				 		 		 		 		 		 		 	X	 		 	
	AS MS RCS	  	Elevator installation	 	 	40	% 	 				 				 				 		 		 		 		 		 		 	X	 		 	
	AR	  	Specialized interior work	 	 	15	% 	 				 				 				 		 		 		 		 		 		 	X	 		 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	3,045,000	  	 	 	2,545,000	  	 		 		 		 		 		 		 		 	X	 	
	AS RCS MS	  	Installation of envelope structures	 	 	20	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 		 	X	 	
	AS MS	  	Installation of stairs	 	 	20	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 		 	X	 	
	AS RCS MS PS	  	Roofing application	 	 	40	% 	 	 	100	% 	 				 				 		 		 		 		 		 		 		 		 	
	AS MS HV EL	  	Installation of utility equipment	 	 	30	% 	 	 	80	% 	 				 				 		 		 		 		 		 		 		 	X	 	
	AS PS MS RCS	  	Installation of ventilation equipment	 	 	40	% 	 	 	70	% 	 				 				 		 		 		 		 		 		 		 	X	 	
	AS MS RCS	  	Elevator installation	 	 	40	% 	 	 	80	% 	 				 				 		 		 		 		 		 		 		 	X	 	
	AR	  	Specialized interior work	 	 	45	% 	 	 	60	% 	 				 				 		 		 		 		 		 		 		 	X	 	
		  	During the period at the contract price as of the contract execution date	 				 				 	 	2,431,000	  	 	 	2,163,000	  	 		 		 		 		 		 		 		 		 	X

																																	
	 	  	 	 	 	 	 	 	 	 	Cost in US dollars
	 	  	 	 	Completion
%	 	 	Overall
completion
%	 	 	 	 	Including:
	 	  	 	 	 	 	 	 	 	 	total by month
	 Basis
	  	 Name of Work / Phase
	 	 	 	Total	 	Materials	 	08/12 -
20/12/11	 	21/12/11-
20/01/12	 	21/01 -
20/02/12	 	21/02 -
20/03/12	 	21/03 -
20/04/12	 	21/04 -
20/05/12	 	21/05 -
20/06/12	 	21/06 -
20/07/12	 	21/07-
15/09/12
	AS MS HV PS EL, MB,
EL, CS11	  	Installation of utility equipment	 	 	20	% 	 	 	100	% 	 		 		 		 		 		 		 		 		 		 		 	X
	AS PS MS RCS	  	Installation of ventilation equipment	 	 	30	% 	 	 	100	% 	 		 		 		 		 		 		 		 		 		 		 	X
	AS MS RCS	  	Elevator installation	 	 	20	% 	 	 	100	% 	 		 		 		 		 		 		 		 		 		 		 	X
	AR	  	Specialized interior work	 	 	40	% 	 	 	100	% 	 		 		 		 		 		 		 		 		 		 		 	X

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
	  
	 	G.V. Nikitina	 	  
	 	S.F. Divin

  
  

	11	 CS –
Communications Systems 

 Appendix 8 
 To Construction Contract No. IPB 1.5./103 
 STRUCTURE AND CONTENT OF DESIGN
DOCUMENTATION 
  

									
	Minsk	  		  		  		  	            2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Structure and content of design documentation: 
  

	 	1.	General section 

  

	 	2.	Master plan 

  

	 	3.	Architectural solutions 

  

	 	•	 	 Wall plan with dimensions 

  

	 	•	 	 Furniture and plumbing equipment distribution plan, facility premises legend; 

 

	 	•	 	 Wall surfacing plan; 

  

	 	•	 	 Breakdown of walls in bathrooms with tiling details for different color solutions; 

 

	 	•	 	 Breakdown of walls in kitchen area with tiling details for different color solutions; 

 

	 	•	 	 Door specifications; 

  

	 	•	 	 Finishing journal; 

  

	 	4.	Building structures 

  

	 	5.	Technical solutions 

  

	 	6.	Heating 

  

	 	7.	Heating supply 

  

	 	8.	Ventilation 

  

	 	9.	Water supply and sewerage 

  

	 	10.	Electricity 

  

	 	11.	Instructions and rules for use of the building 

  

	 	12.	Energy efficiency 

 The design
project together with the finishing work sheet approved by the Customer shall be transferred to the Contractor by 1 April 2012 as follows: 
 Standard floor design project: 
  

	 	•	 	 Standard floor room legend; 

  

	 	•	 	 Lighting equipment position plan with dimensions; 

  

	 	•	 	 Floor plan by levels, with the required dimensions; 

  

	 	•	 	 Breakdown of walls in bathrooms with tiling details; 

  

	 	•	 	 Specification (sheet) for finishing materials; 

  

	 	•	 	 3D visualization of interior design 

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 9 
 To Construction Contract No. IPB 1.5./103 
 DELIVERY SCHEDULE 

for construction materials supplied by the Contractor 

 

			
	Minsk	  	                  2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Requests for advance payments for specific purposes and shipping documentation must include full specifications for the delivered materials, marking,
quantity, composition and price. 
 The schedule may be amended in accordance with the manufacturer’s documentation on approval by the
Customer. 
  

											
	 No.
	 	 Item
	  	Advance
payment total	 	  	Payment
deadline	  	Delivery date
	1	 	REINFORCED CONCRETE MATERIALS AND PRODUCTS and auxiliary materials and components.	  	 	100,000	  	  	In accordance
with clause
4.3 of the
Contract	  	Within 60 days
	 	  	 	200,000	  	  	06/02/2012	  	20/02/2012
	 	  	 	200,000	  	  	21/02/2012	  	28/02/2011
	 	  	 	100,000	  	  	15/03/2012	  	30/03/2012
	 	TOTAL for the section	  	 	600,000	  	  		  	
	2	 	 METAL FRAME, PREFAB STAIR COMPONENTS, COVERING:
 buildings, continuous windows, glass facade, crossover, exterior and interior stairs, utility shafts, roofing; Embedded fasteners and auxiliary materials
	  	 	600,000	  	  	In accordance
with clause
4.3 of the
Contract	  	Within 60 days
	 	  	 	830,000	  	  	08/02/2012	  	20/02/2012
	 	  	 	830,000	  	  	25/02/2012	  	20/03/2012

											
	 No.
	 	 Item
	  	Advance
payment total	 	  	Payment
deadline	  	Delivery date
		 		  	 	830,000	  	  	20/03/2012	  	15/04/2012
	 	  	 	830,000	  	  	15/04/2012	  	30/04/2012
	 	  	 	830,000	  	  	30/04/2012	  	15/05/2012
	 	TOTAL for the section	  	 	4,750,000	  	  		  	
	3	 	FLOORING	  	 	500,000	  	  	08/02/2012	  	06/03/2012
	 	  	 	200,000	  	  	10/03/2012	  	20/03/2012
	 	TOTAL for the section	  	 	700,000	  	  		  	
	4	 	SECURITY PERIMETER	  	 	400,000	  	  	20/03/2012	  	30/04/2012
	 	  	 	160,000	  	  	30/04/2012	  	15/05/2012
	 	  	 	160,000	  	  	15/05/2012	  	10/06/2012
	 	TOTAL for the section	  	 	720,000	  	  		  	
	5	 	WINDOW GLASS FACADE	  	 	300,000	  	  	05/03/2012	  	20/04/2012
	 	  	 	120,000	  	  	20/04/2012	  	15/05/2012
	 	  	 	120,000	  	  	15/05/2012	  	15/06/2012
	 	TOTAL for the section	  	 	540,000	  	  		  	
	6	 	ELEVATORS	  	 	415,000	  	  	20/03/2012	  	18/05/2012
		 	TOTAL for the section	  	 	415,000	  	  		  	
	7	 	VENTILATION EQUIPMENT	  	 	500,000	  	  	20/05/2012	  	30/06/2012
	 	  	 	460,000	  	  	30/06/2012	  	20/07/2012
		 	TOTAL for the section	  	 	960,000	  	  		  	
	8	 	UTILITY EQUIPMENT	  	 	300,000	  	  	20/04/2012	  	15/06/2012
	 	  	 	300,000	  	  	15/06/2012	  	25/06/2012
	 	  	 	300,000	  	  	25/06/2012	  	10/07/2012
	 	  	 	300,000	  	  	10/07/2012	  	20/07/2012
	 	  	 	163,000	  	  	20/07/2012	  	30/07/2012
		 	TOTAL for the section	  	 	1,363,000	  	  		  	
	9	 	FINISHING MATERIALS	  	 	400,000	  	  	20/04/2012	  	10/05/2012
	 	  	 	550,000	  	  	10/05/2012	  	20/05/2012
	 	  	 	550,000	  	  	20/05/2012	  	30/05/2012
	 	  	 	550,000	  	  	30/05/2012	  	10/06/2012

											
	 No.
	 	 Item
	  	Advance
payment total	 	  	Payment
deadline	  	Delivery date
		 		  	 	550,000	  	  	10/06/2012	  	20/06/2012
	 	  	 	542,955.30	  	  	20/06/2012	  	30/06/2012
	 	  	 	550,000	  	  	30/06/2012	  	15/07/2012
		 	TOTAL for the section	  	 	3,700,000.30	  	  		  	
		 	TOTAL	  	 	13,740,955.30	  	  		  	

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 	FLLC “EPAM Systems”
				
	  
	 	G.V. Nikitina	 	  
	 	S.F. Divin

 Appendix 10 
 To Construction Contract No. IPB 1.5./103 
 SPECIFICATIONS FOR CONSTRUCTION
MATERIALS SUPPLIED BY THE 
 CONTRACTOR 
 UNDER THE FIRST ADVANCE PAYMENT FOR A SPECIFIC PURPOSE 
  

											
	Minsk	 		 		 		 		  	                2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Delivery start date: 06/02/2012 
  

															
	 Product
	  	Unit	 	Quantity	 	  	Price per
unit, (US
dollars)	 	  	Total,
(US
dollars)	 
					
	 1.      REINFORCEMENT METAL, A400C, Ø6, Ø8, Ø14, Ø20,
Ø22,Ø25
	  	tons	 	 	20	  	  	 	1,200	  	  	 	24,000	  
					
	 2.      Concrete
	  	m3	 	 	196	  	  	 	75	  	  	 	14,700	  
					
	 3.      Columns
	  		 				  				  			
					
	 HFB 240 (1-3)
	  	pc	 	 	4	  	  	 	4,100	  	  	 	16,400	  
					
	 HEB 300 (1-3)
	  	pc	 	 	8	  	  	 	5,800	  	  	 	46,400	  
					
	 HEM 300 (1-3)
	  	pc	 	 	12	  	  	 	11,800	  	  	 	141,600	  
					
	 HEM 220 (1-3)
	  	pc	 	 	15	  	  	 	5,800	  	  	 	87,000	  
					
	 HEM 320 (1-3)
	  	pc	 	 	2	  	  	 	12,100	  	  	 	24,200	  
					
	 HEB 450 (1-3)
	  	pc	 	 	4	  	  	 	8,500	  	  	 	34,000	  
					
	 HEB 200 (1-3)
	  	pc	 	 	2	  	  	 	3,200	  	  	 	6,400	  

															
	 Product
	  	Unit	  	Quantity	 	  	Price per
unit, (US
dollars)	 	  	Total,
(US
dollars)	 
					
	 HEM 240 (1-3)
	  	pc	  	 	16	  	  	 	5,500	  	  	 	88,000	  
					
	 HEB 300 (1-3)
	  	pc	  	 	5	  	  	 	4,100	  	  	 	20,500	  
					
	 HEM 300 (1-3)
	  	pc	  	 	4	  	  	 	8,200	  	  	 	32,800	  
					
	 4.      Beams:
	  		  				  				  			
					
	 IPE 450
	  	pc	  	 	40	  	  	 	4,100	  	  	 	164,000	  
		  		  				  				  	  
	  
	 
					
	 TOTAL
	  		  				  				  	 	700,000	  
		  		  				  				  	  
	  
	 

  

							
	 Contractor
	 	Customer
	 Ideab Project Eesti AS
	 	FLLC “EPAM Systems”
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 11 
 To Construction Contract No. IPB 1.5./103 
 Form 

Statement No.      
 Regarding the use of the one-off advance payment for a specific purpose 
  

			
	Minsk	  	                  2011

 Site Name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 

Pursuant to Contract No. IPB1.7/103 dated                   2011 executed
by the Customer and the Contractor, the parties hereby confirm use of an advance payment for a specific purpose in the amount of              made on     
             and the delivery of the following construction materials: 
  

											
	 No.
	  	 Product
	  	Unit of
measure	  	Quantity	  	Price per
unit, (US
Dollars)	  	Total, (US
Dollars)
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

 By signing this act, the Parties confirm that the goods have been delivered in full with all the required components and
that the price is in line with the application for an advance payment for a specific purpose dated                   2011. 

 

			
	 Notes
	  	 
	  	  	  

 This act is executed in 2 identical counterparts, one for the Customer and one
for the Contractor. 
  

							
	 Contractor
	 	Customer
	Ideab Project Eesti AS	 	EPAM Systems Ltd.
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

 Appendix 12 
 To Construction Contract No. IPB 1.5./103 
 List of work not included in the
Facility construction price 
  

			
	Minsk	  	                  2011

 Site name: Scientific and Production Building in accordance with General Plan No. 1 in the High-Tech Park on
Kuprevicha St. in Minsk 
 Customer: Foreign Limited Liability Company “EPAM Systems” 

Contractor: Ideab Project Eesti AS 
  

					
	  	  	 Type of work
	  	 Design documentation section

	1	  	Landscaping	  	MP
		  	 •      Construction of sidewalks and approach roads;
	  	
		  	 •      Asphalt road surfacing for parking;
	  	
		  	 •      Pouring of building perimeter paving;
	  	
		  	 •      Setup of a trash container site;
	  	
		  	 •      Planting of trees and bushes;
	  	
		  	 •      Installation of flowerbeds;
	  	
		  	 •      Installation of lawns.
	  	
		  	 •      Small-scale architectural features
	  	
	2	  	Exterior utility networks (from the first well or connection device to the connection point in accordance with the technical specifications)	  	External and on-site utilities networks
		  	Water supply networks	  	
		  	Heating supply networks	  	
		  	Plumbing networks	  	
		  	Power supply networks	  	
		  	Storm sewer systems	  	
		  	Waste sewer systems	  	
		  	Communication networks	  	
		  	Fiber-optic networks	  	
	3	  	Structures	  	Off- and on-site utility networks
		  	Transformer substation 1	  	
		  	Transformer substation 2	  	
		  	Rainwater treatment structures	  	
		  	Diesel generator	  	
		  	DPC cooling towers	  	
		  	Trash container site	  	
	4	  	DPC (Data Processing Center) and all networks and systems that support it, active production equipment (computer peripherals)	  	GP, AS, CS HVAC, PS, CS, ES12, EM13, EL,
fire protection measures, external and on-site utilities networks

  

	12	 ES –
Electrical Supply 

					
	  	  	 Type of work
	  	 Design documentation section

	5	  	Exterior lighting, building lighting, company logo / sign	  	GP, AS, ES, PE, EL external and on-site utilities
	6	  	Evaluation and removal of topsoil at the construction site	  	
	7	  	Supply, installation, testing and commissioning of the Customer’s active production equipment (computer peripherals) for the Facility	  	
	8	  	Supply and installation of kitchen equipment, testing and commissioning	  	
	9	  	Supply and installation of the turnstile system, testing and commissioning	  	
	10	  	Installation and testing of security system terminal equipment, video surveillance and access systems equipment	  	

  

							
	Contractor	 	Customer
	Ideab Project Eesti AS	 		 	FLLC “EPAM Systems”	 	
				
	  
	 	G. V. Nikitina	 	  
	 	S. F. Divin

  

	13 	 PE –Power EquipmentEX-10.1

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT is made and entered into
as of this 19th day of January 2012 by and between MedAssets Services, LLC, a Delaware corporation (the “Company”) and Allen W. Hobbs (“Employee”). 

W I T N E S S E T H : 
 WHEREAS, the Company desires to employ Employee and to enter into an agreement embodying the terms of such employment (this “Agreement”) and Employee desires to enter into this Agreement
and to accept such employment, subject to the terms and provisions of this Agreement; 
 NOW, THEREFORE, in consideration of the
promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and Employee hereby agree as follows: 

Section 1. Definitions. 
 (a) “Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through the date of termination of Employee’s employment hereunder; (ii) any unpaid or
unreimbursed expenses incurred in accordance with Section 7 hereof, to the extent incurred prior to termination of employment; (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in
accordance with the terms therein, including rights to equity in the Company pursuant to the Company’s equity plans or grant documents thereunder; and (iv) rights to indemnification by virtue of Employee’s position as an officer or
director of the Company Group or under any indemnification agreement between Employee and the Company, and the benefits under any directors’ and officers’ liability insurance policy maintained by the Company Group, in accordance with its
terms thereof. 
 (b) “Affiliate” shall mean, as to any Person, any other Person that controls, is controlled
by, or is under common control with, such Person. 
 (c) “Annual Bonus” shall have the meaning set forth in
Section 4(b) below. 
 (d) “Base Salary” shall mean the salary, and any increase thereof, provided for in
Section 4(a) below. 
 (e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean (i) Employee’s act(s) of gross negligence or willful misconduct in the course of
Employee’s employment hereunder that is or could reasonably be expected to be materially injurious to the Company or any other member of the Company Group, (ii) willful failure or refusal by Employee to perform in any material respect his
duties or responsibilities, (iii) misappropriation by Employee of any assets or business opportunities of the Company or any other member of the Company Group, (iv) embezzlement or fraud committed

 
by Employee, or at his direction, (v) Employee’s conviction by a court of competent jurisdiction of, or pleading “guilty” or “ no contest” to, a felony or any other
criminal charge (other than minor traffic violations) that has, or could be reasonably expected to have, an adverse impact on the performance of Employee’s duties to the Company or any other member of the Company Group or otherwise result in
material injury to the reputation or business of the Company or any other member of the Company Group, or (vi) Employee’s breach of any material provision of this Agreement. For purposes of this definition of Cause, no act or failure to
act on the part of Employee shall be considered “willful” if it is done, or omitted to be done, by Employee in good faith and with a good faith belief that Employee’s act or omission was in the best interests of the Company.

 (g) “Change in Control” means: 

(i) a change in ownership or control of the Company effected through a transaction or series of transactions (other than
an offering of Stock to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections
13(d) and 14(d)(2) of the Exchange Act), other than any other member of the Company Group or an employee benefit plan maintained by the Company or any other member of the Company Group, directly or indirectly acquires “beneficial
ownership” (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of the Company’s securities outstanding immediately after
such acquisition; 
 (ii) the date upon which individuals who, as of the Commencement Date, constitute the Board
(the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a person other than the Board; or 
 (iii) the sale or disposition, in one or a series of related
transactions, of all or substantially all of the assets of the Company to any “person” or “group” (as such terms are defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Company’s Affiliates

 (h) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(i) “Commencement Date” shall mean January 1, 2012. 

(j) “Company” shall have the meaning set forth in the preamble hereto. 

(k) “Company Group” shall mean the Company together with any direct or indirect parent or subsidiary of the Company.

  
 -2-

 (l) “Competitive Activities” shall mean any business activities in which
the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to
engage) at the time of such termination of employment. 
 (m) “Confidential Information” shall mean
confidential or proprietary trade secrets, client lists, client identities and information, information regarding service providers, investment methodologies, marketing data or plans, sales plans, management organization information, operating
policies or manuals, business plans or operations or techniques, financial records or data, or other financial, commercial, business or technical information (i) relating to the Company or any other member of the Company Group, or
(ii) that the Company or any other member of the Company Group may receive belonging to suppliers, customers or others who do business with the Company or any other member of the Company Group, but shall exclude any information that is in the
public domain or hereafter enters the public domain, in each case without the breach by Employee Section 10(a) below. 

(n) “Developments” shall have the meaning set forth in Section 10(d) below. 

(o) “Disability” shall mean any physical or mental disability or infirmity that prevents the performance of
Employee’s duties for a period of (i) one hundred twenty (120) consecutive days or (ii) one hundred eighty (180) non-consecutive days during any twelve (12) month period. Any question as to the existence, extent or
potentiality of Employee’s Disability upon which Employee and the Company cannot agree shall be determined by a qualified, independent physician selected by the Company and approved by Employee (which approval shall not be unreasonably
withheld). The determination of any such physician shall be final and conclusive for all purposes of this Agreement. 
 (p)
“Employee” shall have the meaning set forth in the preamble hereto. 
 (q) “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 (r) “Excise Tax” shall mean any tax imposed
under Section 4999 of the Code or any similar tax that may hereafter be imposed. 
 (s) “Good Reason”
shall mean, without Employee’s written consent, (i) a material diminution in Employee’s employment duties, responsibilities or authority, or the assignment to Employee of duties that are materially inconsistent with his position;
(ii) any reduction in Base Salary or target Annual Bonus opportunity; (iii) the relocation of Employee’s principal place of employment (as provided in Section 3(c) hereof) more than fifty (50) miles from its current
location; or (iv) any breach by the Company of any material provision of this Agreement. 
 (t) “Interfering
Activities” shall mean (i) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any individual employed by, or individual or entity providing consulting services to, the Company or any
other member of the Company Group to terminate such employment or consulting services; provided, that the 

  
 -3-

 
foregoing shall not be violated by general advertising not targeted at employees or consultants of the Company or any other member of the Company Group; (ii) hiring any individual who was
employed by the Company or any other member of the Company Group within the six (6) month period prior to the date of such hiring; or (iii) encouraging, soliciting or inducing, or in any manner attempting to encourage, solicit or induce
any customer, supplier, licensee or other business relation of the Company or any other member of the Company Group to cease doing business with or materially reduce the amount of business conducted with the Company or any other member of the
Company Group, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any other member of the Company Group. 

(u) “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association,
joint-stock company, trust (charitable or non-charitable), unincorporated organization or other form of business entity. 
 (v)
“Restricted Area” shall mean any State of the United States of America or any other jurisdiction in which the Company or any other member of the Company Group engage (or have committed plans to engage) in business during the Term of
Employment, or, following termination of Employee’s employment, were engaged (or had committed plans to engage) in business at the time of such termination of employment. 
 (w) “Restricted Period” shall mean the period commencing on the Commencement Date and ending on the twenty-four month anniversary of Employee’s termination of employment hereunder
for any reason. 
 (x) “Severance Multiplier” shall mean, with respect to any termination of Employee’s
employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance
Multiplier shall instead equal 2. 
 (y) “Severance Term” shall mean, with respect to any termination of
Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, the period commencing on the date of such termination and extending through a number of months thereafter determined by multiplying (x) the
Severance Multiplier by (y) twelve (12) months. 
 (z) “Term of Employment” shall have the meaning
ascribed to such term in Section 2 below. 
 Section 2. Acceptance and Term of Employment. 

The Company agrees to employ Employee and Employee agrees to serve the Company on the terms and conditions set forth herein. Subject to
earlier termination pursuant to Section 8 hereof, the term of employment shall commence on the Commencement Date and shall continue until the second anniversary of the Commencement Date (the “Initial Term”), and shall
automatically extend for additional one (1) year terms thereafter (each, a “Renewal Term” and, together with the Initial Term, the “Term of Employment”), unless either the Employee or the Company provides
written notice (a “Notice of Non-Extension”) to the other party of its intention not to extend the agreement at least twelve (12) months prior to the expiration of the Initial Term or the Renewal Term, as applicable.

  
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 Section 3. Position, Duties and Responsibilities; Place of Performance.

 (a) During the Term of Employment, Employee shall be employed and serve as President, Client Management, Field
Operations & Sales (together with such other position or positions consistent with Employee’s title as the Board shall specify from time to time) and shall have such duties typically associated with such title. Subject to the
foregoing, Employee also agrees to serve, if requested by the Company at any time and from time to time, as an officer and/or director of the Company or any parent or subsidiary of the Company, as specified by the Board, in each case without
additional compensation. 
 (b) Employee shall devote his full business time, attention, skill and best efforts to the
performance of his duties under this Agreement and shall not engage in any other business or occupation during the Term of Employment, including, without limitation, any activity that (x) conflicts with the interests of the Company or its
subsidiaries, (y) interferes with the proper and efficient performance of his duties for the Company, or (z) interferes with the exercise of his judgment in the Company’s best interests. Notwithstanding the foregoing, nothing herein
shall preclude Employee from (i) serving, with the prior written consent of the Board, as a member of the board of directors or advisory boards (or their equivalents in the case of a non-corporate entity) of non-competing businesses and
charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal investments and affairs; provided, however, that the activities set out in clauses (i), (ii) and
(iii) shall be limited by Employee so as not to materially interfere, individually or in the aggregate, with the performance of his duties and responsibilities hereunder. 
 (c) Employee’s principal place of employment shall be at the Company’s corporate headquarters in Alpharetta, Georgia, although Employee understands and agrees that he may be required to travel
from time to time in the connection with his performance of duties hereunder. 
 Section 4. Compensation. During the
Term of Employment, Employee shall be entitled to the following compensation: 
 (a) Base Salary. Employee shall be paid
an annualized Base Salary, payable in accordance with the regular payroll practices of the Company, of not less than $341,810 subject to increase, if any, as may be approved in writing by the Chief Executive Officer of the Company or the
Compensation Committee of the Board of Directors (the “Compensation Committee”), but not to decrease from the then-current Base Salary. 
 (b) Annual Bonus. Employee shall be eligible to participate in an annual incentive bonus plan established by the Board (or committee thereof) in respect of each fiscal year during the Term of
Employment (the “Annual Bonus”), with a target Annual Bonus amount for each fiscal year of 40% of Base Salary, subject to change, if any, as may be approved in writing by the Chief Executive Officer of the Company or the
Compensation Committee. 

  
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 Section 5. Employee Benefits. 

During the Term of Employment, Employee shall be entitled to participate in health, insurance, retirement and other perquisites and
benefits generally provided to other senior executives of the Company that are made available from time to time. Employee shall also be entitled to the same number of holidays, vacation and sick days as are generally allowed to senior executives of
the Company in accordance with Company policies in effect from time to time. 
 Section 6. “Key-Man”
Insurance. 
 At any time during the Term of Employment, the Company shall have the right to insure the life of Employee for
the sole benefit of the Company, in such amounts, and with such terms, as it may determine. All premiums payable thereon shall be the obligation of the Company. Employee shall have no interest in any such policy, but agrees to reasonably cooperate
with the Company in taking out such insurance by submitting to physical examinations, supplying all information reasonably required by the insurance company, and executing all necessary documents, provided that no financial obligation or liability
is imposed on Employee by any such documents. 
 Section 7. Reimbursement of Business Expenses. 

Employee is authorized to incur reasonable business expenses in carrying out his duties and responsibilities under this Agreement and the
Company shall promptly reimburse him for all such reasonable business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company’s policy, as in effect from time to
time. 
 Section 8. Termination of Employment. 

(a) General. The Term of Employment shall terminate upon the earliest to occur of (i) Employee’s death, (ii) a
termination by reason of a Disability, (iii) a termination by the Company with or without Cause, (iv) a termination by Employee with or without Good Reason, or (v) expiration of the Term of Employment in accordance with Section 2
above. Upon any termination of Employee’s employment for any reason, except as may otherwise be requested by the Company in writing and agreed upon in writing by Employee, Employee shall resign from any and all directorships, committee
memberships or any other positions Employee holds with the Company or any other member of the Company Group. Regardless of any other term in this Agreement that conflicts or may seem to conflict: the payment (or commencement of a series of payments)
under this Agreement of any nonqualified deferred compensation (within the meaning of Section 409A of the Code) upon termination of Employee’s employment shall be delayed until such time as Employee has also undergone a “separation
from service” as defined in Treas. Reg. 1.409A-1(h), at which time any applicable nonqualified deferred compensation (calculated as of the date of Employee’s termination of employment) shall be paid (or commence to be paid) to Employee on
the schedule set forth in this Section 8, as if Employee had undergone termination of employment (under the same circumstances) on the date of his ultimate “separation from service.” 

  
 -6-

 (b) Termination Due to Death or Disability. Employee’s employment shall
terminate automatically upon his death. The Company may terminate Employee’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Employee’s receipt of written notice of such termination. In the
event Employee’s employment is terminated due to his death or Disability, Employee or his estate or his beneficiaries, as the case may be, shall be entitled to: 

(i) the Accrued Obligations; 
 (ii) any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would otherwise be paid to Employee
had no such termination occurred, but in no event later than two and one-half months following the end of the fiscal year to which the Annual Bonus relates; and 

(iii) a pro rata Annual Bonus (determined using the target Annual Bonus if such termination occurs during the fiscal year
in which the Commencement Date falls, and using the Annual Bonus paid or payable for the immediately prior fiscal year for terminations after the fiscal year in which the Commencement Date falls) based on the number of days elapsed from the
commencement of such fiscal year through and including the date of such termination, such amount to be paid within five (5) business days of such termination. 
 Except as set forth in this Section 8(b), following Employee’s termination by reason of his death or Disability, Employee shall have no further rights to any compensation or any other benefits
under this Agreement. 
 (c) Termination by the Company for Cause. 

(i) A termination for Cause shall not take effect unless the provisions of this subsection (i) are complied with.
Employee shall be given not less than thirty (30) days written notice by the Board of the intention to terminate his employment for Cause, such notice to state in detail the particular act or acts or failure or failures to act that constitute
the grounds on which the proposed termination for Cause is based. Employee shall have thirty (30) days after the date that such written notice has been given to Employee in which to cure such act or acts or failure or failures to act, to the
extent such cure is possible. If he fails to cure such act or acts or failure or failures to act, the termination shall be effective on the date immediately following the expiration of the thirty (30) day notice period. If cure is not possible,
the termination shall be effective on the date of receipt of such notice by Employee. During any cure period provided hereunder, the Board may, in its sole and absolute discretion, prohibit Employee from entering the premises of the Company (or any
subsidiary thereof) or otherwise performing his duties hereunder, and any such prohibition shall in no event constitute an event pursuant to which Employee may terminate employment with Good Reason; provided, however, that if cure is
possible, and Employee can reasonably demonstrate to the Board that he desires to enter the premises of the Company (or a subsidiary thereof) or to otherwise perform his duties hereunder solely to attempt to cure the act or acts or

  
 -7-

 
failure or failures to act that constitute the grounds on which the proposed termination for Cause is based, Employee shall be permitted to enter the premises of the Company (or a subsidiary
thereof) or otherwise to perform his duties hereunder solely for the purposes of curing such act or acts or failure or failures to act. 
 (ii) In the event the Company terminates Employee’s employment for Cause, Employee shall be entitled to: 
  

	 	(A)	the Accrued Obligations; and 

  

	 	(B)	any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would
otherwise be paid to Employee had no such termination occurred, but in no event later than two and one-half months following the end of the fiscal year to which the Annual Bonus relates. 

Following such termination of Employee’s employment for Cause, except as set forth in this Section 8(c)(ii), Employee shall have no further
rights to any compensation or any other benefits under this Agreement. 
 (d) Termination by the Company without Cause.
The Company may terminate Employee’s employment at any time without Cause, effective upon Employee’s receipt of written notice of such termination. In the event Employee’s employment is terminated by the Company without Cause (other
than due to death or Disability), Employee shall be entitled to the following, subject to adjustment under Section 8(i) below: 
 (i) the Accrued Obligations; 
 (ii) any unpaid Annual Bonus in
respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would otherwise be paid to Employee had no such termination occurred, but in no event later than two and one-half
months following the end of the fiscal year to which the Annual Bonus relates; 
 (iii) an amount equal to the
Severance Multiplier multiplied by the sum of Employee’s Base Salary plus target Annual Bonus amount for the fiscal year during which such termination occurs, such amount to be payable in substantially equal installments during the Severance
Term, in accordance with the Company’s regular payroll practices; 
 (iv) an additional amount equal to
$45,000; and 
 (v) notwithstanding any provision of any equity plan of the Company or applicable equity grant
agreement to the contrary, all equity awards that have not otherwise vested shall vest, and applicable restrictions shall lapse, immediately upon such termination. 

  
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 For purposes of this subsection (d) only, the delivery of a Notice of Non-Extension by the Company to
Employee during the two (2) year period following a Change in Control shall be deemed to constitute a termination without Cause, such that upon receipt of such Notice of Non-Extension by Employee, Employee shall be deemed to have waived the
required notice period set forth in Section 2 above, and Employee’s employment hereunder shall be deemed to have been terminated without Cause as of the date of receipt of such notice. 

Notwithstanding the foregoing, the payments and benefits described in subsections (ii) through (iv) above shall immediately cease, and the
Company shall have no further obligations to Employee with respect thereto, in the event that Employee breaches any provision of Section 10 hereof. Following such termination of Employee’s employment by the Company without Cause, except as
set forth in this Section 8(d), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 
 (e) Termination by Employee with Good Reason. Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with
reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the
Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be
entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as
described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other
benefits under this Agreement. 
 (f) Termination by Employee without Good Reason. Employee may terminate his employment
without Good Reason by providing the Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by Employee without Good Reason, Employee shall be entitled to the same payments and benefits as
provided in Section 8(c) above for a termination for Cause. In the event of termination of Employee’s employment under this Section 8(f), the Company may, in its sole and absolute discretion, by written notice accelerate such date of
termination and still have it treated as a termination without Good Reason. Following such termination of Employee’s employment by Employee without Good Reason, except as set forth in this Section 8(f), Employee shall have no further
rights to any compensation or any other benefits under this Agreement. 
 (g) Expiration of Term of Employment. In the
event that the Term of Employment expires following delivery by the Company to the Employee of Notice of Non-Extension, then Employee shall be entitled, upon separation from employment, to the same Severance Benefits as if Employee’s employment
had been terminated by the Company without Cause. These Severance Benefits, which are described in Section 8(d), become due and payable if and only if Employee’s employment is actually terminated pursuant to a Notice of Non-Extension.
Under no circumstances will any severance benefits be paid to Employee while Employee remains employed with the Company. 

  
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 (h) Release. Regardless of any provision in this Agreement that
conflicts or may seem to conflict: payment of any amount or provision of any benefit pursuant to subsection (b), (d), (e), or (g) of this Section 8 (other than the Accrued Obligations) (collectively the “Severance Benefits”)
shall be conditioned upon Employee’s execution, delivery to the Company, and non-revocation of a release of claims in favor of the Company and its affiliates and related parties in such form as is reasonably required by the Company and
consistent with the terms of this Agreement (the “Release of Claims”), and also conditioned upon the expiration of any revocation period allowed under the Release of Claims, within 60 days following the date of termination of
Employee’s employment. The Company shall provide such Release of Claims to Employee within five (5) days of the date of termination of Employee’s employment. If Employee fails to execute the Release of Claims in a manner that is
sufficiently timely so as to permit any revocation period to expire prior by the end of this 60-day period, or timely revokes his or her acceptance of the Release of Claims, then Employee shall not be entitled to any Severance Benefits. Further, to
the extent that any of the Severance Benefits constitutes “nonqualified deferred compensation” for purposes of Section 409A of the Code, any payment of any amount, and the provision of any benefit otherwise scheduled to occur prior to
the 60th day following the date of termination of
Employee’s employment (but for the condition on executing the Release of Claims) shall not be made until the first regularly scheduled payroll date following the 60th day. Then after that 60th day, any remaining Severance Benefits shall be provided to Employee according to the applicable schedule set forth in
this Agreement. For the avoidance of doubt: in the event of a termination due to Employee’s death or Disability, Employee’s obligations herein to execute and not revoke the Release of Claims may be satisfied on his or her behalf and by his
or her estate or a person having legal power of attorney over his or her affairs. 
 (i) Modified Cutback. If any
payment, benefit or distribution of any type to or for the benefit of Employee, whether paid or payable, provided or to be provided, or distributed or distributable pursuant to the terms of this Agreement or otherwise (collectively, the
“Parachute Payments”) would subject Employee to the Excise Tax, the Parachute Payments shall be reduced so that the maximum amount of the Parachute Payments (after reduction) shall be one dollar ($1) less than the amount
which would cause the Parachute Payments to be subject to the Excise Tax; provided that the Parachute Payments shall only be reduced to the extent the after-tax value of amounts received by Employee after application of the above reduction
would exceed the after-tax value of the amounts received without application of the reduction. For this purpose, the after-tax value of an amount shall be determined taking into account all federal, state, and local income, employment, and
excise taxes applicable to the amount.
 Subject to the next sentence, the Company shall reduce or eliminate the Parachute Payments by first
reducing or eliminating any cash severance benefits (with the payments to be made furthest in the future being reduced first), then by reducing or eliminating any accelerated vesting of performance-based stock options or substantially similar
awards, then by reducing or eliminating any accelerated vesting of performance-based restricted stock awards or substantially similar awards, then by reducing or eliminating any accelerated vesting of service-based stock options or
substantially similar awards, then by reducing or eliminating any accelerated vesting of service-based restricted stock awards or substantially similar awards, then by reducing or eliminating any other remaining Parachute Payments;
provided, that no such reduction or elimination shall apply to any non-qualified deferred compensation amounts (within the meaning of Section 409A) to 

  
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the extent such reduction or elimination would accelerate or defer the timing of the payment in manner that does not comply with Section 409A. If a reduction or elimination of any Parachute
Payments is required, Employee may change the order in which the Parachute Payments are reduced or eliminated by giving prior written notice to the Company, if such notice is consistent with the requirements of Section 409A to avoid the
imputation of any tax, penalty or interest thereunder. 
 An initial determination as to whether (i) any of the Parachute Payments received
by Employee in connection with the occurrence of a Change in Control shall be subject to the Excise Tax, and (ii) the amount of any reduction, if any, that may be required under this Section 8(i) shall be made by an independent accounting
firm selected by the Company and reasonably acceptable to Employee (the “Accounting Firm”) prior to the consummation of the Change in Control. The Employee shall be furnished with notice of all determinations made as to
the Excise Tax payable with respect to Employee’s Parachute Payments, together with the related calculations of the Accounting Firm, promptly after the determinations and calculations have been received by the Company. 

For purposes of this Section 8(i): 
 (i) no portion of the Parachute Payments, the receipt or enjoyment of which the Employee shall have effectively waived in writing prior to the date of payment of the Parachute Payments, shall be taken
into account; 
 (ii) no portion of the Parachute Payments shall be taken into account which in the opinion of the Accounting
Firm does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code; 
 (iii) the
Parachute Payments shall be reduced only to the extent necessary so that the Parachute Payments (other than those referred to in the immediately preceding clause (i) or (ii)) in their entirety constitute reasonable compensation for services
actually rendered within the meaning of Section 280G(b)(4) of the Code or are otherwise not subject to disallowance as deductions, in the opinion of the Accounting Firm; and 

(iv) the value of any non-cash benefit or any deferred payment or benefit included in the Parachute Payments shall be determined by the
Accounting Firm based on Sections 280G and 4999 of the Code, or on substantial authority within the meaning of Section 6662 of the Code. 
 Section 9. Additional Payments. No additional payments are contemplated under this Agreement. 
 Section 10. Restrictive Covenants. Employee acknowledges and agrees that (A) the agreements and covenants contained in this Section 10 are (i) reasonable and valid in
geographical and temporal scope and in all other respects, and (ii) essential to protect the value of the Company’s business and assets, and (B) by his employment with the Company, Employee will obtain knowledge, contacts, know-how,
training and experience and there is a substantial probability that such knowledge, know-how, contacts, training and experience could be used to the substantial advantage of a competitor of the Company and to the Company’s substantial
detriment. For purposes of this Section 10, references to the Company shall be deemed to include its subsidiaries. 

  
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 (a) Confidential Information. At any time during and after the end of the Term of
Employment, without the prior written consent of the Board, except to the extent required by an order of a court having jurisdiction or under subpoena from an appropriate government agency, in which event, Employee shall, to the extent legally
permitted, consult with the Board prior to responding to any such order or subpoena, and except as he in good faith believes necessary or desirable in the performance of his duties hereunder, Employee shall not disclose to or use for the benefit of
any third party any Confidential Information. 
 (b) Non-Competition. Employee covenants and agrees that for the
first 12 months of the Restricted Period, Employee shall not, directly or indirectly, individually or jointly, own any interest in, operate, join, control or participate as a partner, director, principal, officer, or agent of, enter into the
employment of, act as a consultant to, or perform any services for any Person (other than the Company or any other member of the Company Group), that engages in any Competitive Activities within the Restricted Area. Notwithstanding anything herein
to the contrary, this Section 10(b) shall not prevent Employee from acquiring as an investment securities representing not more than three percent (3%) of the outstanding voting securities of any publicly-held corporation or from being a
passive investor in any mutual fund, hedge fund, private equity fund or similar pooled account so long as Employee’s interest therein is less than three percent (3%) and he has no role in selecting or managing investments thereof.

 (c) Non-Interference. During the Restricted Period, Employee shall not, directly or indirectly, for his own account or
for the account of any other Person, engage in Interfering Activities. 
 (d) Return of Documents. In the event of the
termination of Employee’s employment for any reason, Employee shall deliver to the Company all of (i) the property of the Company, and (ii) the documents and data of any nature and in whatever medium of the Company, and he shall not
take with him any such property, documents or data or any reproduction thereof, or any documents containing or pertaining to any Confidential Information. 
 (e) Works for Hire. Except as may be set forth on Exhibit A, Employee agrees that the Company shall own all right, title and interest throughout the world in and to any and all inventions, original
works of authorship, developments, concepts, know-how, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause
to be conceived or developed or reduced to practice during the Term of Employment, whether or not during regular working hours, provided they either (i) relate at the time of conception or development to the actual or demonstrably proposed
business or research and development activities of any member of the Company Group; (ii) result from or relate to any work performed for the Company or any member of the Company Group; or (iii) are developed through the use of Confidential
Information and/or Company resources or in consultation with any personnel of the Company or any other member of the Company Group (collectively referred to as “Developments”). Employee hereby assigns all right, title and interest
in and to any and all of these Developments to the Company. Employee agrees to assist the Company, at the Company’s 

  
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expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce, and defend any rights specified to be so owned or assigned. Employee hereby
irrevocably designates and appoints the Company and its agents as attorneys-in-fact to act for and on Employee’s behalf to execute and file any document and to do all other lawfully permitted acts to further the purposes of the foregoing with
the same legal force and effect as if executed by Employee. In addition, and not in contravention of any of the foregoing, Employee acknowledges that all original works of authorship which are made by him (solely or jointly with others) within the
scope of employment and which are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act (17 USC Sec. 101). To the extent allowed by law, this includes all rights of paternity,
integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights.” To the extent Employee retains any such moral rights under applicable law, Employee hereby waives such moral rights and
consents to any action consistent with the terms of this Agreement with respect to such moral rights, in each case, to the full extent of such applicable law. Employee will confirm any such waivers and consents from time to time as requested by the
Company. 
 (f) Blue Pencil. If any court of competent jurisdiction shall at any time deem the duration or the geographic
scope of any of the provisions of this Section 10 unenforceable, the other provisions of this Section 10 shall nevertheless stand and the duration and/or geographic scope set forth herein shall be deemed to be the longest period and/or
greatest size permissible by law under the circumstances, and the parties hereto agree that such court shall reduce the time period and/or geographic scope to permissible duration or size. 

Section 11. Breach of Restrictive Covenants. 
 Without limiting the remedies available to the Company, Employee acknowledges that a breach of any of the covenants contained in Section 10 hereof may result in material irreparable injury to the
Company Group for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of such a breach or threat thereof, the Company shall be entitled to obtain a temporary
restraining order and/or a preliminary or permanent injunction, without the necessity of proving irreparable harm or injury as a result of such breach or threatened breach of Section 10 hereof, restraining Employee from engaging in activities
prohibited by Section 10 hereof or such other relief as may be required specifically to enforce any of the covenants in Section 10 hereof. Notwithstanding any other provision to the contrary, the Restricted Period shall be tolled during
any period of violation of any of the covenants in Section 10 (b) or (c) hereof and during any other period required for litigation during which the Company seeks to enforce such covenants against Employee if it is ultimately
determined that Employee was in breach of such covenants. 
 Section 12. Representations and Warranties of Employee.

 Employee represents and warrants to the Company that: 

(a) Employee’s employment will not conflict with or result in his breach of any agreement to which he is a party or otherwise may be
bound; 

  
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 (b) Employee has not violated, and in connection with his employment with the Company will
not violate, any non-solicitation, non-competition or other similar covenant or agreement of a prior employer by which he is or may be bound; and 
 (c) In connection with Employee’s employment with the Company, he will not use any confidential or proprietary information that he may have obtained in connection with employment with any prior
employer. 
 Section 13. Indemnification 
 Subject to the terms and conditions of the Articles of Association and By-Laws of the Company (in each case, as in effect from time to time), the Company agrees to indemnify and hold Employee harmless to
the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission. In connection therewith, Employee shall be entitled to the protection of any insurance policies which the Company elects to
maintain generally for the benefit of the Company’s directors and officers, against all costs, charges and expenses whatsoever incurred or sustained by Employee in connection with any action, suit or proceeding to which he may be made a party
by reason of his being or having been a director, officer or employee of the Company. This provision shall survive any termination of Employee’s employment hereunder. 
 Section 14. Taxes. 
 The Company may withhold from any payments made
under this Agreement all applicable taxes, including but not limited to income, employment and social insurance taxes, as shall be required by law. Employee acknowledges and represents that the Company has not provided any tax advice to him in
connection with this Agreement and that he has been advised by the Company to seek tax advice from his own tax advisors regarding this Agreement and payments that may be made to him pursuant to this Agreement, including specifically, the
application of the provisions of Section 409A of the Code to such payments. 
 Section 15. Mitigation; Set Off.

 The Company’s obligation to pay Employee the amounts provided and to make the arrangements provided hereunder shall be
subject to set-off, counterclaim or recoupment of amounts owed by Employee to the Company or its Affiliates. Employee shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or
otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Employee’s other employment or otherwise. 

Section 16. Additional Section 409A Provisions. 
 Notwithstanding any provision in this Agreement to the contrary: 
 (a) Any payment
otherwise required to be made hereunder to the Employee at any date as a result of the termination of Employee’s employment shall be delayed for any period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of
the Code 

  
 -14-

 
(the “Delay Period”). On the first business day following the expiration o the Delay Period, Employee shall be paid, in a single cash lump sum, an amount equal to the aggregate amount
of all payments delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the payment schedule set forth in this Agreement; 

(b) Each payment in a series of payments hereunder shall be deemed to be a separate payment for purposes of Section 409A of the
Code; and 
 (c) To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this
Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code): (i) the Company shall make any such expense reimbursement no later than the last day of the taxable year following the taxable year
in which Employee incurred the applicable expense, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) the amount of expenses eligible for reimbursement or
in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided that the foregoing clause shall not be violated with regard to expenses
reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect. 

Section 17. Successors and Assigns; No Third-Party Beneficiaries. 

(a) The Company. This Agreement shall inure to the benefit of and be enforceable by, and may be assigned by the Company to, any
purchaser of all or substantially all of the Company’s business or assets or any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise). The Company will require in a writing delivered to Employee
that any such purchaser, successor or assignee to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such purchase, succession or assignment had taken
place. The Company may make no other assignment of this Agreement or its obligations hereunder. 
 (b) Employee.
Employee’s rights and obligations under this Agreement shall not be transferable by Employee by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Employee shall die, all amounts
then payable to Employee hereunder shall be paid in accordance with the terms of this Agreement to Employee’s devisee, legatee or other designee or, if there be no such designee, to Employee’s estate. 

(c) No Third-Party Beneficiaries. Except as otherwise set forth in Section 8(b) or Section 17(b) hereof, nothing
expressed or referred to in this Agreement will be construed to give any Person other than the Company and Employee any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement. 

Section 18. Waiver and Amendments. 
 Any waiver, alteration, amendment or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by each of the parties hereto; provided, however,
that any such waiver, alteration, amendment or modification is consented to on the Company’s behalf by the Board. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any
subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 

  
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 Section 19. Severability. 

If any covenants or other provisions of this Agreement are found to be invalid or unenforceable by a final determination of a court of
competent jurisdiction: (a) the remaining terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or provision hereof shall be deemed replaced by a term or provision that is valid and enforceable and that
comes closest to expressing the intention of the invalid or unenforceable term or provision hereof. 
 Section 20.
Governing Law. 
 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA
(WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES THEREOF) APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. All actions and proceedings arising out of or relating to this Agreement shall be heard and determined in
any Georgia state or federal court sitting in the state of Georgia, and the parties hereto hereby consent to the jurisdiction of such courts in any such action or proceeding. 
 Section 21. Notices. 
 (a) Every notice or other communication relating
to this Agreement shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided,
provided that, unless and until some other address be so designated, all notices or communications by Employee to the Company shall be mailed or delivered to the Company at its principal executive office, and all notices or communications by the
Company to Employee may be given to Employee personally or may be mailed to Employee at Employee’s last known address, as reflected in the Company’s records. 
 (b) Any notice so addressed shall be deemed to be given: (i) if delivered by hand, on the date of such delivery; (ii) if mailed by courier or by overnight mail, on the first business day
following the date of such mailing; and (iii) if mailed by registered or certified mail, on the third business day after the date of such mailing. 
 Section 22. Section Headings. 
 The headings of the sections and
subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof, affect the meaning or interpretation of this Agreement or of any term or provision hereof. 

  
 -16-

 Section 23. Entire Agreement. 

This Agreement constitutes the entire understanding and agreement of the parties hereto regarding the employment of Employee. This
Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings and agreements between the parties relating to the subject matter of this Agreement. 

Section 24. Survival of Operative Sections. 
 Upon any termination of Employee’s employment, the provisions of Section 8 through Section 25 of this Agreement (together with any related definitions set forth in Section 1 hereof)
shall survive to the extent necessary to give effect to the provisions thereof. 
 Section 25. Counterparts.

 This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature. 

*        *        * 

[Signatures to appear on the following page.] 

  
 -17-

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written. 
  

	
	MedAssets Services, LLC
	
	/s/    Jonathan H. Glenn            
	By: Jonathan H. Glenn
	 Title: Executive Vice President, Chief
 Legal and Administrative Officer

  

	
	EMPLOYEE
	
	/s/    Allen W. Hobbs            
	Allen W. Hobbs

  
 -18-

 EXHIBIT A 
 None. 

  
 -19-

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