Document:

Exhibit 10.10

                              CONSULTING AGREEMENT

     THIS is dated  and  effective  as of the 1st day of  September,  2013  (the
"Effective Date").

BETWEEN:

          INDEPENDENCE  ENERGY CORP. a corporation  organized  under the laws of
          the State of Nevada,  USA, with its executive officers and address for
          service  at  3020  Old  Ranch   Parkway,   Suite  300,   Seal   Beach,
          California,90740 (the "Company")

AND:

          GREGORY  ROTELLI.,  a  business  person  with an address  for  service
          located  at  3020  Old  Ranch   Parkway,   Suite  300,   Seal   Beach,
          California,90740.

          (the "CONTRACTOR")

A. The Company  has  retained  the  Contractor  to provide the Company  with the
services of President  and Chief  Executive  Officer in regards to the Company's
management and operations; and

B. The Contractor has agreed to provide the Services to the Company on the terms
and conditions of this Agreement.

     NOW THEREFORE THIS AGREEMENT  WITNESSES that in consideration of the mutual
covenants  and  promises  set  forth  herein,  and for other  good and  valuable
consideration,  the receipt and  sufficiency of which is hereby  acknowledged by
each, the parties hereto agree as follows:

                                    ARTICLE I
                     APPOINTMENT AND AUTHORITY OF CONTRACTOR

1.1  Appointment  of Contractor.  The Company hereby  appoints the Contractor to
perform the  Services for the benefit of the Company as  hereinafter  set forth,
and the Company  hereby  authorizes  the  Contractor  to exercise such powers as
provided under this Agreement.  The Contractor  accepts such  appointment on the
terms and conditions herein set forth.

1.2 Performance of Services. The Services hereunder have been and shall continue
to be provided on the basis of the following terms and conditions:

     (a)  the Services  shall include those services  customarily  provided by a
          President and Chief Executive Officer of public  companies,  including
          such other management advisory services as may be reasonably requested
          by the Company from time to time.
<PAGE>
                                       2

     (b)  the Contractor  shall report directly to the Board of Directors of the
          Company;

     (c)  the Contractor  shall  faithfully,  honestly and diligently  serve the
          Company  and   cooperate   with  the   Company  and  utilize   maximum
          professional  skill  and care to  ensure  that all  services  rendered
          hereunder,  including the  Services,  are to the  satisfaction  of the
          Company, acting reasonably, and the Contractor shall provide any other
          services not specifically mentioned herein, but which by reason of the
          Contractor's  capability the  Contractor  knows or ought to know to be
          necessary  to  ensure  that  the best  interests  of the  Company  are
          maintained; and

     (d)  the  Company  shall  report  the  results of the  Contractor's  duties
          hereunder as may be requested by the Company from time to time.

1.3 Independent Contractor.  In performing the Services, the Contractor shall be
an independent  contractor  and not an employee or agent of the Company,  except
that the Contractor  shall be the agent of the Company  solely in  circumstances
where the Contractor must be the agent to carry out its obligations as set forth
in this  Agreement.  Nothing in this  Agreement  shall be deemed to require  the
Contractor to provide the Services exclusively to the Company and the Contractor
hereby  acknowledges  that the Company is not required and shall not be required
to make any  remittances  and  payments  required of employers by statute on the
Contractor's  behalf  and  the  Contractor  or any of its  agents  shall  not be
entitled to the fringe benefits provided by the Company to its employees.

                                   ARTICLE II
                             CONTRACTOR'S AGREEMENTS

2.1 Expense  Statements.  The Contractor may incur reasonable bona fide expenses
in the name of the Company  provided  that such  expenses  relate  solely to the
carrying out of the Services and are in accordance  with the Company's  policies
which  may be in effect  from  time to time.  The  Contractor  will  immediately
forward all invoices  for expenses  incurred on behalf of and in the name of the
Company and the Company agrees to pay said invoices directly on a timely basis.

2.2 Regulatory  Compliance.  The Contractor agrees to comply with all applicable
securities  legislation  and  regulatory  policies in relation to providing  the
Services,  including  but not  limited  to  United  States  securities  laws (in
particular,  Regulation FD) and the policies of the United States Securities and
Exchange Commission.

2.3 Prohibition Against Insider Trading. The Contractor hereby acknowledges that
the  Contractor is aware,  and further  agrees that the  Contractor  will advise
those of its  directors,  officers,  employees and agents who may have access to
Confidential Information, that United States securities laws prohibit any person
who has  material,  non-public  information  about a company from  purchasing or
selling  securities of such a company or from  communicating such information to
any other person under circumstances in which it is reasonably  foreseeable that
such person is likely to purchase or sell such securities.
<PAGE>
                                       3

                                   ARTICLE III
                              COMPANY'S AGREEMENTS

3.1 Basic Compensation.  In consideration of the Services,  the Contractor shall
receive compensation for the Services as follows:

     (a)  Upon  completion  of each month  during the Term,  US$7,500 per month,
          payable on the last business day of every month.

Said  compensation  will, at the discretion of the  Contractor,  be paid in cash
and/or common shares  ("Compensation  Shares") of the Company. The number of any
Compensation  Shares issued to the Contractor shall be based on average weighted
average  trading  price of the  Company's  common shares in the five (5) trading
days  immediately  preceding the  applicable  dates upon which the  Compensation
Shares become due. All  compensation  payable  hereunder  shall be pro-rated for
partial months.

3.2 Performance Based Compensation.  The Contractor shall be entitled to receive
such  additional  compensation  awards  at the  discretion  of the  Board or, as
applicable,  the compensation committee, which awards shall be awarded from time
to time for achieving milestones to be agreed upon.

3.3 Benefits and Expenses.

     (a)  The Company shall  provide (or shall  provide an allowance  for) basic
          health  insurance  coverage for Contractor which coverage shall remain
          effective during the Term of this Agreement or any successor agreement
          to this Agreement.

     (b)  During the Term of this Agreement, the Contractor shall be eligible to
          participate in any employee benefit plan for employees resident in the
          United States which the Company may maintain from time to time.

                                   ARTICLE IV
                        DURATION, TERMINATION AND DEFAULT

4.1 Effective  Date.  This Agreement  shall become  effective as of SEPTEMBER 1,
2013  (the  "Effective  Date"),  and  shall  continue  for a period of 24 months
thereafter  (the "Term") or until  earlier  terminated  pursuant to the terms of
this Agreement.  The Term shall  automatically renew for an additional period of
24 months unless earlier terminated pursuant to the terms of this Agreement.

4.2  Termination  by  Company.  Without  prejudicing  any other  rights that the
Company may have  hereunder  or at law or in equity,  the Company may  terminate
this Agreement immediately upon delivery of written notice to the Contractor if:

     (a)  the Contractor breaches section 2 of this Agreement;

     (b)  the Contractor  breaches any other material term of this Agreement and
          such breach is not cured to the reasonable satisfaction of the Company
          within thirty (30) days after written notice  describing the breach in
          reasonable detail is delivered to the Contractor;
<PAGE>
                                       4

     (c)  the Company  acting  reasonably  determines  that the  Contractor  has
          acted,  is acting or is likely to act in a manner  detrimental  to the
          Company or has violated or is likely to violate the confidentiality of
          any information as provided for in this Agreement;

     (d)  the  Contractor  is unable or unwilling to perform the Services  under
          this Agreement, or

     (e)  the  Contractor  commits fraud,  serious  neglect or misconduct in the
          discharge of the Services.

Notwithstanding the foregoing,  the Company may terminate this Agreement without
cause by providing not less than 30 days written notice to the Contractor.

4.3 Termination by Contractor.  . Without  prejudicing any other rights that the
Contractor may have hereunder or at law or in equity,  the Company may terminate
this Agreement  immediately upon delivery of written notice to the Contractor if
the Company  breaches  Section 3 of this  Agreement  and such  breach  continues
uncured for a period of 30 days following  delivery to Company of written notice
of said breach. Notwithstanding the foregoing, the Contractor may terminate this
Agreement without cause by providing not less than 30 days written notice to the
Company. .

4.4 Duties Upon Termination.  Upon termination of this Agreement for any reason,
the Contractor  shall upon receipt of all sums due and owing,  promptly  deliver
the following in accordance with the directions of the Company:

     (a)  a final  accounting,  reflecting  the balance of expenses  incurred on
          behalf of the Company as of the date of termination; and

     (b)  all documents  pertaining to the Company or this Agreement,  including
          but  not  limited  to,  all  books  of  account,   correspondence  and
          contracts,  provided that the Contractor shall be entitled  thereafter
          to inspect, examine and copy all of the documents which it delivers in
          accordance with this provision at all reasonable  times upon three (3)
          days' notice to the Company.

4.5 Compensation of Contractor on Termination.

     (a)  Upon  termination  of this  Agreement  by the Company  for cause,  the
          Contractor  shall  be  entitled  to  receive  as  its  full  and  sole
          compensation  in  discharge  of  obligations  of  the  Company  to the
          Contractor  under this  Agreement  all sums due and payable under this
          Agreement to the date of termination and the Contractor  shall have no
          right to receive any further  payments;  provided,  however,  that the
          Company  shall have the right to offset  against any payment  owing to
          the Contractor under this Agreement any damages, liabilities, costs or
          expenses suffered by the Company by reason of the fraud, negligence or
          willful act of the  Contractor,  to the extent such right has not been
          waived by the Company.

     (b)  Upon  termination of this  Agreement by the Company  without cause the
          Contractor shall be entitled to a severance payment  equivalent to six
          (6) months of the cash  compensation fee specified in section 3.1. Any
          unexercised  options or warrants  unvested at the time of  termination
<PAGE>
                                       5

          shall be cancelled and returned to treasury  provided that  Consultant
          shall have twelve (12) months from the date of termination to exercise
          any vested options or warrants.

     (c)  Upon  termination of this Agreement by the Contractor,  any options or
          warrants  unvested at the time of  termination  shall be cancelled and
          returned to treasury  provided that Contractor  shall have ninety (90)
          days from the date of  termination  to exercise any vested  options or
          warrants.

                                    ARTICLE V
                       CONFIDENTIALITY AND NON-COMPETITION

5.1 Maintenance of Confidential Information. The Contractor acknowledges that in
the course of its appointment  hereunder the Contractor will, either directly or
indirectly,  have access to and be entrusted  with  information  (whether  oral,
written or by inspection) relating to the Company or its respective  affiliates,
associates or customers (the  "Confidential  Information").  For the purposes of
this Agreement, "Confidential Information" includes, without limitation, any and
all Developments (as defined herein),  trade secrets,  inventions,  innovations,
techniques,   processes,   formulas,   drawings,   designs,  products,  systems,
creations, improvements, documentation, data, specifications, technical reports,
customer lists,  supplier lists,  distributor lists,  distribution  channels and
methods,  retailer  lists,  reseller  lists,  employee  information,   financial
information,  sales or marketing  plans,  competitive  analysis  reports and any
other thing or information whatsoever,  whether copyrightable or uncopyrightable
or patentable or unpatentable. The Contractor acknowledges that the Confidential
Information  constitutes a proprietary  right,  which the Company is entitled to
protect.  Accordingly  the Contractor  covenants and agrees that during the Term
and  thereafter  until  such time as all the  Confidential  Information  becomes
publicly known and made generally available through no action or inaction of the
Contractor,  the  Contractor  will keep in strict  confidence  the  Confidential
Information and shall not,  without prior written consent of the Company in each
instance,  disclose, use or otherwise disseminate the Confidential  Information,
directly or indirectly, to any third party.

5.2  Exceptions.  The general  prohibition  contained in Section 5.1 against the
unauthorized  disclosure,  use or dissemination of the Confidential  Information
shall not apply in respect of any Confidential Information that:

     (c)  is available to the public generally in the form disclosed;

     (d)  becomes part of the public domain through no fault of the Contractor;

     (e)  is already in the lawful  possession of the  Contractor at the time of
          receipt of the Confidential Information; or

     (f)  is compelled by  applicable  law to be  disclosed,  provided  that the
          Contractor gives the Company prompt written notice of such requirement
          prior to such disclosure and provides assistance in obtaining an order
          protecting the Confidential Information from public disclosure.

5.3  Developments.  Any  information,  data,  work product or any other thing or
documentation   whatsoever  which  the  Contractor,   either  by  itself  or  in
conjunction  with any third  party,  conceives,  makes,  develops,  acquires  or
acquires  knowledge of during the  Contractor's  appointment with the Company or
which the Contractor,  either by itself or in conjunction  with any third party,
shall conceive, make, develop, acquire or acquire knowledge of (collectively the
"Developments")  during  the Term or at any time  thereafter  during  which  the
Contractor  is engaged by the Company  that is related to the  business of Oil &
<PAGE>
                                       6

gas property  acquisition and exploration shall  automatically  form part of the
Confidential  Information  and shall  become and  remain the sole and  exclusive
property of the Company.  Accordingly,  the Contractor does hereby  irrevocably,
exclusively  and  absolutely  assign,  transfer  and  convey to the  Company  in
perpetuity  all  worldwide  right,  title  and  interest  in and to any  and all
Developments  and other rights of whatsoever  nature and kind in or arising from
or pertaining  to all such  Developments  created or produced by the  Contractor
during the course of performing this Agreement,  including,  without limitation,
the right to effect  any  registration  in the world to  protect  the  foregoing
rights. The Company shall have the sole, absolute and unlimited right throughout
the  world,  therefore,  to  protect  the  Developments  by  patent,  copyright,
industrial  design,  trademark  or  otherwise  and  to  make,  have  made,  use,
reconstruct,  repair,  modify,  reproduce,  publish,  distribute  and  sell  the
Developments,  in whole or in part, or combine the  Developments  with any other
matter, or not use the Developments at all, as the Company sees fit.

5.4  Protection of  Developments.  The Contractor  does hereby agree that,  both
before and after the termination of this Agreement, the Contractor shall perform
such further acts and execute and deliver  such further  instruments,  writings,
documents and assurances  (including,  without limitation,  specific assignments
and other  documentation which may be required anywhere in the world to register
evidence of ownership  of the rights  assigned  pursuant  hereto) as the Company
shall  reasonably  require in order to give full  effect to the true  intent and
purpose of the assignment made under Section 0 hereof. If the Company is for any
reason unable, after reasonable effort, to secure execution by the Contractor on
documents  needed to effect any  registration  or to apply for or prosecute  any
right  or  protection  relating  to  the  Developments,  the  Contractor  hereby
designates and appoints the Company and its duly authorized  officers and agents
as the Contractor's agent and attorney to act for and in the Contractor's behalf
and  stead to  execute  and file any such  document  and do all  other  lawfully
permitted  acts  necessary  or advisable in the opinion of the Company to effect
such  registration  or to apply for or prosecute such right or protection,  with
the same legal force and effect as if executed by the Contractor.

5.5  Remedies.  The parties to this  Agreement  recognize  that any violation or
threatened  violation by the  Contractor of any of the  provisions  contained in
this 0 will result in immediate and  irreparable  damage to the Company and that
the Company  could not  adequately  be  compensated  for such damage by monetary
award alone.  Accordingly,  the Contractor  agrees that in the event of any such
violation or threatened  violation,  the Company shall, in addition to any other
remedies  available to the Company at law or in equity,  be entitled as a matter
of right to apply to such  relief  by way of  restraining  order,  temporary  or
permanent  injunction  and to  such  other  relief  as any  court  of  competent
jurisdiction may deem just and proper.

5.6 Reasonable Restrictions. The Contractor agrees that all restrictions in this
0 are reasonable and valid, and all defenses to the strict  enforcement  thereof
by the Company are hereby waived by the Contractor.

                                    ARTICLE V
                              DEVOTION TO CONTRACT

6.1  Devotion to Contract.  During the term of this  Agreement,  the  Contractor
shall  devote  sufficient  time,  attention,  and ability to the business of the
Company,  and to any  associated  company,  as is  reasonably  necessary for the
proper performance of the Services pursuant to this Agreement. Nothing contained
herein shall be deemed to require the  Contractor to devote its exclusive  time,
attention  and ability to the business of the  Company.  During the term of this
Agreement,  the Contractor shall, and shall cause each of its agents assigned to
performance of the Services on behalf of the Contractor, to:
<PAGE>
                                       7

     (a)  at all times perform the Services faithfully,  diligently, to the best
          of its abilities and in the best interests of the Company;

     (b)  devote such of its time,  labour and  attention to the business of the
          Company as is  necessary  for the proper  performance  of the Services
          hereunder; and

     (c)  refrain  from acting in any manner  contrary to the best  interests of
          the  Company  or  contrary  to  the  duties  of  the   Contractor   as
          contemplated herein.

6.2 Other  Activities.  The  Contractor  shall not be precluded from acting in a
function similar to that contemplated under this Agreement for any other person,
firm or company.

                                   ARTICLE VI
                                  MISCELLANEOUS

6.1 Notices.  All notices  required or allowed to be given under this  Agreement
shall be made either  personally by delivery to or by facsimile  transmission to
the  address  provided  on the first  page of this  Agreement,  or to such other
address as may be designated from time to time by such party in writing.

6.2 Independent Legal Advice. The Contractor acknowledges that:

     (a)  the Contractor has been requested to obtain his own independent  legal
          advice on this Agreement prior to signing this Agreement;

     (b)  the  Contractor  has been given  adequate  time to obtain  independent
          legal advice;

     (c)  by signing  this  Agreement,  the  Contractor  confirms  that he fully
          understands this Agreement; and

     (d)  by signing this Agreement  without first obtaining  independent  legal
          advice,  the Contractor  waives his right to obtain  independent legal
          advice.

6.3 Change of Address.  Any party may, from time to time, change its address for
service hereunder by written notice to the other party in the manner aforesaid.

6.4  Entire  Agreement.  As of from  the  date  hereof,  any  and  all  previous
agreements,  written  or oral  between  the  parties  hereto or on their  behalf
relating to the  appointment of the Contractor by the Company are null and void.
The  parties  hereto  agree  that  they  have  expressed   herein  their  entire
understanding and agreement  concerning the subject matter of this Agreement and
it is expressly agreed that no implied covenant,  condition, term or reservation
or prior  representation or warranty shall be read into this Agreement  relating
to or concerning the subject  matter hereof or any matter or operation  provided
for herein.

6.5 Further  Assurances.  Each party  hereto will  promptly and duly execute and
deliver to the other party such further  documents and  assurances and take such
further action as such other party may from time to time  reasonably  request in
order to more effectively carry out the intent and purpose of this Agreement and
to  establish  and  protect  the rights and  remedies  created or intended to be
created hereby.
<PAGE>
                                       8

6.6 Waiver.  No provision  hereof shall be deemed waived and no breach  excused,
unless such waiver or consent  excusing the breach is made in writing and signed
by the party to be charged  with such waiver or consent.  A waiver by a party of
any provision of this Agreement  shall not be construed as a waiver of a further
breach of the same provision.

6.7  Amendments  in Writing.  No amendment,  modification  or rescission of this
Agreement  shall be  effective  unless  set forth in  writing  and signed by the
parties hereto.

6.8 Assignment.  Except as herein expressly provided,  the respective rights and
obligations of the Contractor and the Company under this Agreement  shall not be
assignable  by either party  without the written  consent of the other party and
shall, subject to the foregoing, enure to the benefit of and be binding upon the
Contractor and the Company and their  permitted  successors or assigns.  Nothing
herein  expressed  or implied is intended to confer on any person other than the
parties hereto any rights,  remedies,  obligations  or  liabilities  under or by
reason of this Agreement.

6.9  Severability.  In the event that any provision  contained in this Agreement
shall be declared  invalid,  illegal or unenforceable by a court or other lawful
authority  of  competent  jurisdiction,  such  provision  shall be deemed not to
affect or impair the validity or  enforceability  of any other provision of this
Agreement, which shall continue to have full force and effect.

6.10 Headings.  The headings in this  Agreement are inserted for  convenience of
reference only and shall not affect the construction or  interpretation  of this
Agreement.

6.11 Number and Gender.  Wherever the singular or masculine or neuter is used in
this Agreement, the same shall be construed as meaning the plural or feminine or
a body politic or corporate and vice versa where the context so requires.

6.12 Time. Time shall be of the essence of this Agreement. In the event that any
day on or before  which any action is  required to be taken  hereunder  is not a
business  day,  then such action  shall be required to be taken at or before the
requisite  time on the next  succeeding  day  that is a  business  day.  For the
purposes of this Agreement,  "business day" means a day which is not Saturday or
Sunday or a statutory holiday in the State of California, U.S.A.

6.13  Enurement.  This Agreement is intended to bind and enure to the benefit of
the Company,  its  successors  and assigns,  and the Contractor and the personal
legal representatives of the Contractor.

6.14 Counterparts.  This Agreement may be executed in several counterparts, each
of  which  will be  deemed  to be an  original  and all of which  will  together
constitute one and the same instrument.

6.15 Currency. Unless otherwise provided, all dollar amounts referred to in this
Agreement are in lawful money of the United States of America.

6.16  Electronic  Means.  Delivery  of an  executed  copy of this  Agreement  by
electronic  facsimile  transmission  or other means of electronic  communication
capable of producing a printed copy will be deemed to be execution  and delivery
of this Agreement as of the effective date of this Agreement.
<PAGE>
                                       9

6.17 Proper Law. This  Agreement will be governed by and construed in accordance
with  the  law  of the  State  of  Nevada.  The  parties  hereby  attorn  to the
jurisdiction of the Courts in the State of Nevada.

     IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the
day and year first above written.

INDEPENDENCE  ENERGY CORP.

Per: /s/Gregory Rotelli
    -----------------------------------
Name: Gregory Rotelli
Position: Chief Executive Officer

Date: September 5, 2013

/s/ Gregory Rotelli
---------------------------------------
GREGORY ROTELLI

Date: September 5, 2013exhibit_4-4.htm

Exhibit 4.4

 

____________________________________________________________________

 

THE RULES OF THE

 

CAUSATA INC. EXECUTIVE SHARE OPTION SCHEME

____________________________________________________________________

 

Adopted by the board of directors of the Company on       2013

 

  

  

  

 

CONTENTS

 

	
1.

	
Definitions and Interpretation

	
1

	
2.

	
Grant of Options

	
4

	
3.

	
Rights of Exercise and Lapse of Options

	
5

	
4.

	
Qualifying Exchange of Shares

	
6

	
5.

	
Manner of Exercise

	
6

	
6.

	
Issue of Shares

	
7

	
7.

	
Adjustments

	
7

	
8.

	
Administration

	
8

	
9.

	
Alterations

	
8

	
10.

	
General

	
8

	
11.

	
Governing Law and Jurisdiction

	
9

	
12.

	
Data Protection

	
9

  

  

  

 

RULES OF THE CAPE CLEAR EXECUTIVE SHARE OPTION SCHEME

 

	
1.

	
DEFINITIONS AND INTERPRETATION

 

	
  

	
1.1

	
In this Scheme, the following words and expressions shall have the following meanings:-

 

	
“Acquiring Company”

	
has the meaning given to it in Rule ‎4.1;

	
“Admission”

	
the admission to listing of any of the Company’s issued share capital on the Official List or the Alternative Investment Market of the London Stock Exchange plc, any other Recognised Investment Exchange or any investment exchange designated by the Financial Services Authority under FSMA;

	
“Admission Date”

	
the date on which Admission takes place;

	
“associate”

	
shall be construed in accordance with section 449 of the Corporation Tax Act 2010;

	
“Associated Companies”

	
at any time, the Company and any company which is an associated company (as that expression is construed in accordance with section 449 of the Corporation Tax Act 2010 except in that section the words “or at any time within the preceding 12 months” shall be excluded) of the Company at that time, and “Associated Company” means any of the Associated Companies individually;

	
“Board”

	
the board of directors of the Company (or a duly authorised committee of that board);

	
“Cessation”

	
in relation to an Option, the Participant to whom that Option is granted ceasing to be an employee or director of an Associated Company (without being or becoming an employee or director of any other Associated Company), or, if earlier, the date on which notice is given by the Participant to an Associated Company or vice versa that he will cease to be such an employee or director;

	
“Company”

	
Causata Inc. (registered in [Delaware] under number l);

	
“Companies Act”

	
the Companies Act 2006;

	
“Control”

	
control within the meaning of section 995 of the Income Tax Act 2007;

	
“Date of Grant”

	
in relation to any Option, the date on which that Option is granted by the Company;

	
“Eligible Employee”

	
a director or employee of any Participating Company;

 

  

1

  

 

	
“EMI Option”

	
an Option granted under Schedule 5;

	
“Exercise”

	
in relation to an Option, the exercise of that Option as permitted by the Rules in accordance with Rule ‎5, and “Exercised” shall be construed accordingly;

	
“Exercise Notice”

	
in relation to the Exercise of an Option, the notice given by, or on behalf of, the Participant in accordance with Rule ‎5 in order to Exercise that Option, being in such form as the Board may, from time to time, determine;

	
“Exercise Price”

	
in relation to the Exercise of any Option or any part of an Option, the total amount payable to Exercise that Option or that part of the Option, being an amount equal to the Option Price multiplied by the number of Shares in relation to which that Option or that part of the Option is Exercised;

	
“FSMA”

	
the Financial Services and Markets Act 2000;

	
“HMRC”

	
HM Revenue & Customs;

	
“ITEPA”

	
the Income Tax (Earnings and Pensions) Act 2003;

	
“Listing Rules”

	
the Listing Rules of the UK Listing Authority under FSMA and/or the listing rules or equivalent of any other Recognised Investment Exchange;

	
“Material Disposal”

	
the disposal by the Company of the whole or substantially the whole of its business to a company that is not a subsidiary of the Company;

	
“Material Disposal Date”

	
in relation to a Material Disposal, the date of completion of the Material Disposal;

	
“New Shares”

	
has the meaning given to it in Rule ‎4.1;

	
“Option”

	
a right to acquire Shares under this Scheme which either is proposed to be granted to an Eligible Employee or has been granted to an Eligible Employee and has not lapsed in accordance with Rules ‎3.2 or ‎3.2.9;

	
“Option Certificate”

	
in relation to an Option, the certificate (in such form as the Board may, from time to time, prescribe) given to an Eligible Employee pursuant to Rule ‎2.2.3 evidencing the grant of that Option;

	
“Option Letter”

	
in relation to an Option, the letter issued in accordance with Rule ‎2.2 pursuant to which that Option is granted;

	
“Option Price”

	
in relation to an Option, such price per Share (being not less than its nominal value) as the Board shall determine is payable to acquire the Shares the subject of that Option;

 

  

2

  

 

	
“Participant”

	
a director or an employee to whom an Option has been granted, or to whom an Option is to be granted;

	
“Participating Companies”

	
(a)            the Company; and

(b)    any other company which is a Subsidiary of, and under the Control of, the Company,

         and “Participating Company” means any of the Participating Companies individually;

	
“Performance Conditions”

	
in relation to any Option, the conditions set out in its Option Letter (as referred to at Rule ‎2.2.3) that are required to be fulfilled in order that (subject to the satisfaction of any other requirements set out in these Rules) that Option may be exercised;

	
“Recognised Investment Exchange”

	
has the same meaning as in section 285 of FSMA;

	
“Record Date”

	
in relation to the making of any distribution in respect of shares, the date on which a holder of such shares must appear as a member in the register of members of the Company in order to have the right to receive such distribution;

	
"Relevant Exercise Dates"

	
The dates specified in an Option Letter from which point the Option or any part thereof becomes exercisable, and Relevant Exercise Date shall mean any one of such dates.

	
“Rules”

	
the Rules of this Scheme, and “Rule” shall be construed accordingly;

	
“Sale”

	
the transfer of any interest in shares to any person (whether by one transaction or by a series of transactions) resulting in that person alone or together with persons acting in concert with such person having the right to exercise an interest (as defined in sections 820 to 825 of the Companies Act) in shares in the Company conferring in aggregate more than 75% of the total voting rights normally exercisable at a general meeting of the Company;

	
“Sale Date”

	
in relation to a Sale, the time of completion of the Sale;

	
“Schedule 5”

	
schedule 5 to ITEPA;

	
“this Scheme”

	
the Causata Executive Share Option Scheme, in its present form, or as, from time to time, amended;

	
“Shares”

	
ordinary shares of [$l] each in the capital of the Company;

 

  

3

  

 

	
“Subsidiary”

	
has the meaning given to it in section 1159 of the Companies Act;

	
“Unapproved Option”

	
an Option that is not an EMI Option;

	
“Variation of Share Capital”

	
any capitalisation issue (other than an issue of shares pursuant to the exercise of a right given to shareholders of the Company to receive shares in lieu of a dividend) or any rights issue or any other pre-emptive offer to shareholders or any consolidation, sub-division or reduction of capital affecting the equity share capital of the Company (within the meaning of the Companies Act); and

	
“Winding-up Date”

	
the date on which a resolution for the winding-up of the Company is passed.

 

	
  

	
1.2

	
In these Rules, unless the context otherwise provides:-

 

	
  

	
1.2.1

	
references to any statutory provisions are to those provisions as amended or re-enacted from time to time, and include any regulations made under such provisions;

 

	
  

	
1.2.2

	
any gender includes any other gender;

 

	
  

	
1.2.3

	
the singular includes the plural and vice versa;

 

	
  

	
1.2.4

	
headings are for convenience only and shall not affect the interpretation of these Rules;

 

	
  

	
1.2.5

	
the eiusdem generis rule shall not apply, so that general words shall not be given a restrictive interpretation by reason of their being preceded or followed by words indicating a particular class of acts, matters or things; and

 

	
  

	
1.2.6

	
references to writing include any method of reproducing words in a legible and non-transitory form.

 

	
2.

	
GRANT OF OPTIONS

 

	
  

	
2.1

	
Subject to these Rules, the Company may grant Options at any time to Eligible Employees nominated by it in such number and in such manner as it may determine. The maximum number of Shares over which Options may be granted under this Scheme shall not exceed [l] Shares (save that, for the purposes of this limit, there shall be excluded any Shares the subject of Options that have lapsed pursuant to Rules ‎3.2 or ‎3.2.9).

 

	
  

	
2.2

	
An Option shall be granted under a letter or in such manner as shall be considered appropriate to give effect to such grant and shall set out details as to:-

 

	
  

	
2.2.1

	
the number of Shares that may be acquired on exercise of the Option;

 

	
  

	
2.2.2

	
the Option Price;

 

  

4

  

 

	
  

	
2.2.3

	
the conditions (if any) that are required to be fulfilled in order that the Option may be exercised; and

 

	
  

	
2.2.4

	
whether the Option is an EMI Option or an Unapproved Option.

 

	
  

	
2.3

	
The Participant shall be given an Option Certificate as soon as practicable following the grant of an Option.

 

	
  

	
2.4

	
Exercise of Options shall be subject to obtaining any approval or consent required under the Listing Rules or the City Code on Take-overs and Mergers (if applicable), or any relevant regulations or enactment relating to the Shares at such time.

 

	
  

	
2.5

	
Every Option shall be personal to the Participant to whom it is granted and neither it, nor any interest in it, shall be:-

 

	
  

	
2.5.1

	
transferable;

 

	
  

	
2.5.2

	
made subject to any trust; or

 

	
  

	
2.5.3

	
in any way alienable.

 

	
  

	
2.6

	
The Company and the Participant shall give, in accordance with paragraph 44 of Schedule 5, notice to HMRC of the grant of any EMI Options within the time limits prescribed by Schedule 5.

 

	
  

	
2.7

	
A Participant shall enter into a joint election with the Company pursuant to section 431(1) of ITEPA and, where it is so requested, the grant of the Option will be conditional upon the entering into of such joint election.

 

	
3.

	
RIGHTS OF EXERCISE AND LAPSE OF OPTIONS

 

	
  

	
3.1

	
Subject to Rule ‎3.3, an Option (or, as the case may be, any part of an Option) may be Exercised (in accordance with Rule ‎5) by a Participant on or after the Relevant Exercise Dates provided that both the following conditions are met at the time of exercise:-

 

	
  

	
(i)

	
the Participant is a director or an employee of any Associated Company at that time; and

 

	
  

	
(ii)

	
where the Option Letter pursuant to which the Option is granted makes provision for any Performance Conditions, those conditions are fulfilled at that time;

 

	
  

	
(iii)

	
where applicable, the Options have vested in accordance with the terms of the Option Letter.

 

	
  

	
3.2

	
An Option shall lapse (and, accordingly, shall immediately thereupon cease to be capable of Exercise) on the earliest of the following to occur:-

 

	
  

	
3.2.1

	
save where Rules ‎3.3 or ‎4.1 applies, four days after the Sale Date;

 

	
  

	
3.2.2

	
save where Rule ‎3.3 applies, ten days after the Admission Date;

 

	
  

	
3.2.3

	
where Rule ‎3.3 applies, the Sale Date or the Admission Date (as the case may be) but only where the Participant has been given at least (in the case of a Sale) four days’ notice prior to the Sale or (in the case of an Admission) ten days’ notice of the Admission (as the case may be);

 

  

5

  

 

	
  

	
3.2.4

	
a Cessation;

 

	
  

	
3.2.5

	
31 July 2023;

 

	
  

	
3.2.6

	
the winding-up of the Company;

 

	
  

	
3.2.7

	
the Participant being deprived of the legal or beneficial ownership of the Option, or doing or omitting to do anything which causes him to be so deprived or becoming bankrupt;

 

	
  

	
3.2.8

	
the death of the Participant and.

 

	
  

	
3.2.9

	
the date on which the Option shall lapse in accordance with the terms of the Option Letter.

 

	
  

	
3.3

	
If the Company becomes aware that a Sale or Admission may occur then the Company may, in its absolute discretion (provided that, for the avoidance of doubt, the Company shall not be obliged to exercise such discretion in favour of the Participants), notify the Participants of any prospective Sale or, as the case may be, any prospective Admission and give the Participants the opportunity to Exercise their Options at any time during the period commencing on the date of such notice and expiring on the Sale Date or the Admission Date (as the case may be).  Any Options Exercised in accordance with this Rule ‎3.3 shall (provided that both the conditions set out at Rule ‎3.1 are met at that time) be Exercised with effect immediately before the Sale Date or, as the case may be, the Admission Date (and, accordingly, such purported Exercise shall not be effective if such Sale Date or, as the case may be, Admission Date does not occur).

 

	
4.

	
ALTERATION OF OPTIONS

 

	
  

	
4.1

	
Notwithstanding the terms of any Option Letter, if any company (the “Acquiring Company”) acquires all the issued Shares as a result of a Sale, if the Board so determines, each Participant shall permit the Board to act on its behalf to agree any alteration to the terms of the Participant's Option within the period of six months following such Sale whereby the Option shall relate to shares in the Acquiring Company or in a company affiliated with it (the "New Shares") with an Exercise Price determined by agreement between the Board and the Acquiring Company or a company affiliated with it.  The Participant shall further permit the novation of the rights and obligations of the Company under this Scheme to the Acquiring Company or in a company affiliated with it. Where an Option is amended under the terms of Rule 4.1, the provisions of this Scheme shall apply and be construed as if:-

 

	
  

	
4.1.1

	
the Option were an option granted under this Scheme on the original date; and

 

	
  

	
4.1.2

	
except for the purposes of the definition of “Participating Company” in Rule ‎1, references to the Company and to Shares were references to the Acquiring Company and to New Shares, respectively.

 

	
5.

	
MANNER OF EXERCISE

 

	
  

	
5.1

	
An Option may, subject to Rule ‎5.2, be Exercised, in whole or in part, by the delivery to the Company of:-

 

	
  

	
5.1.1

	
an Option Certificate covering at least all the Shares over which the Option is then to be Exercised, with the notice of exercise endorsed thereon duly completed and signed by, or on behalf of, the Participant; and

 

  

6

  

 

	
  

	
5.1.2

	
the remittance for, or undertaking to pay, the Exercise Price payable in respect of the Shares over which the Option is to be exercised,

 

or otherwise in such form and manner as the Board may, from time to time, prescribe.

 

	
  

	
5.2

	
No Option shall be capable of Exercise unless, prior to such Exercise, the Participant shall have made such arrangements (if any) that are satisfactory to the Company for the reimbursement or, as the case may be, the payment by the Participant to the Company and/or any company which is, or has at any time been, a Subsidiary of the Company of any income tax under the PAYE system, employee’s National Insurance Contributions and employer’s National Insurance Contributions or its equivalent outside the United Kingdom which the Company and/or such company is, or will be, required to deduct and/or account for to HMRC or any other taxation authority in consequence of any such Exercise.  By accepting a grant of an Option, a Participator agrees under Paragraph 3A sub-paragraph 2 of Schedule 1 Social Security Contributions and Benefit Act 1992 for the Company or any Associated Company to recover employers' national insurance arising as a result of the Exercise of the Option, in whole or in part.

 

	
  

	
5.3

	
The Board may make such regulations as it considers desirable to ensure the receipt of such amounts referred to in Rule ‎5.2 including, but not limited to, retaining the power to sell or procure the sale of sufficient of the relevant shares which would otherwise have been received by the Participant in order to discharge the relevant liability (after deduction of the relevant expenses).

 

	
  

	
5.4

	
Each Participant shall, at the request of the Company at any time, enter into an election with that Participant’s employer (using a form approved by HMRC) to transfer from that Participant’s employer to that Participant the whole or any part of any liability to employer’s national insurance contributions which that Participant has agreed to reimburse or pay pursuant to Rule ‎5.2.

 

	
6.

	
ISSUE OF SHARES

 

	
  

	
6.1

	
Shares shall, following the Exercise of an Option, be allotted by the Company to the Participant within 30 days following the date on which the Option is Exercised.

 

	
  

	
6.2

	
Shares allotted following the Exercise of an Option will not rank for any rights attaching to Shares where the relevant Record Date precedes the date of Exercise of that Option.

 

	
  

	
6.3

	
Any reference in these Rules to the allotment of Shares to a Participant shall include their allotment to a nominee (including any attorney) of that Participant.

 

	
7.

	
ADJUSTMENTS

 

	
  

	
7.1

	
In the event of any Variation of Share Capital, the number of Shares over which an Option is granted and its Option Price shall be adjusted in such manner as the Board shall determine to the intent that (as nearly as may be without involving fractions of a Share or an Option Price involving fractions of one penny) the Exercise Price payable in respect of an Option shall remain unchanged.

 

  

7

  

 

	
  

	
7.2

	
The Company may take such steps as it may consider necessary to notify Participants of any adjustment made under Rule ‎7.1 and to call in, cancel, endorse, issue or reissue any Option Certificate consequent upon such adjustment.

 

	
8.

	
ADMINISTRATION

 

	 	
8.1

	
Notices or documents required to be given to any person shall be in writing and shall be treated as sufficiently given if:-

 

	
  

	
8.1.1

	
delivered to that person personally; or

 

	
  

	
8.1.2

	
sent to that person by first class pre-paid post to that person's home address according to the information provided by that person or attorney.

 

Notices sent by first class post shall be deemed to have been given on the day following the date of posting, except that an Exercise Notice is deemed to have been given on the day it is received.

 

	
  

	
8.2

	
If any Option Certificate shall be worn out, defaced or lost, it may be replaced on such evidence being provided as the Company may require.

 

	
  

	
8.3

	
The decision of the Board in any dispute relating to an Option or any other matter in respect of this Scheme shall be final and conclusive.

 

	
9.

	
ALTERATIONS

 

	
  

	
9.1

	
The Company may, at any time, alter or add to all or any of the provisions of this Scheme in any respect.

 

	
  

	
9.2

	
As soon as reasonably practicable after making any alteration or addition under Rule ‎9.1, notice in writing thereof shall be given to any Participant affected thereby (including, without limitation, if the Participating Company is in breach of contract).

 

	
10.

	
GENERAL

 

	
  

	
10.1

	
The rights and obligations of any individual under the terms of his office or employment with the Company or a Subsidiary shall not be affected by his participation in this Scheme or any right which he may have to participate therein, and an individual who participates therein shall waive all and any rights to compensation or damages in consequence of the termination of his office or employment with a Participating Company for any reason whatsoever (including, without limitation, if the Participating Company is in breach of contract) insofar as those rights arise or may arise from his ceasing to have rights under, or be entitled to exercise any Option under, this Scheme as a result of such termination or from the loss or diminution in value of such rights or entitlements.

 

	
  

	
10.2

	
The Company shall be under no obligation to ensure that EMI Options are, or remain, qualifying options pursuant to Schedule 5, and Participants acknowledge that they shall have no cause of action against the Company arising as a result of, or in connection with, such EMI Options not being, or ceasing to be, qualifying options pursuant to Schedule 5.

 

	
  

	
10.3

	
Awards granted under this Scheme are not pensionable.

 

  

8

  

 

	
11.

	
GOVERNING LAW AND JURISDICTION

 

	
  

	
11.1

	
These Rules shall be governed and construed in accordance with the laws of England and Wales.

 

	
  

	
11.2

	
Each Participant agrees that the courts of England and Wales shall have exclusive jurisdiction to hear and determine any suit, action or proceedings, and to settle any disputes, which may arise out of or in connection with this Scheme (or any documents entered into in accordance with its provisions) (in this Rule ‎11, “Proceedings”) and, for such purposes, irrevocably submits to the exclusive jurisdiction of the courts of England and Wales.

 

	
  

	
11.3

	
Each Participant irrevocably waives any objection which he or she might at any time have to the courts referred to in this Rule ‎11 being nominated as a forum to hear, determine and settle any Proceedings and agrees not to claim that any such courts are not a convenient or appropriate forum.

 

	
  

	
11.4

	
Each Participant agrees that the process by which any Proceedings in England and Wales are begun or any document relating to such Proceedings may be served in accordance with Rule ‎8.1.  Each Participant undertakes to maintain an address for service at all times in England and Wales and to notify the Company in advance of any change from time to time of the details of such address in accordance with Rule ‎8.1.  Nothing contained in this Rule ‎11 shall affect the right to serve process in any other manner permitted by law.

 

	
  

	
11.5

	
The submission to the jurisdiction of the courts of England and Wales shall not limit the right of the Company to take Proceedings against any Participant in any other court of competent jurisdiction and the taking of Proceedings in one or more jurisdictions shall not preclude the taking of proceedings in any other jurisdiction, whether concurrently or not.

 

	
12.

	
DATA PROTECTION

 

By participating in this Scheme, each Participant consents to and authorises the holding and processing of personal data provided by that Participant to the Company for all purposes relating to the operation of this Scheme, including but not limited to:-

 

	
  

	
12.1

	
administering and maintaining records relating to that and other Participants;

 

	
  

	
12.2

	
providing information to HMRC relating to that and other Participants in connection with the operation of this Scheme; and

 

	
  

	
12.3

	
providing information to potential purchasers of the Company or of the business employing that and other Participants.

 

9

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