Document:

EX-10.12

 Exhibit 10.12 

UPLAND SOFTWARE, INC. 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Executive Employment Agreement (the “Agreement”) is entered into as of May 9, 2014 (the “Effective
Date”) by and between Upland Software, Inc., a Delaware corporation (the “Company”), and John T. McDonald (“Executive”). 

RECITALS 
 WHEREAS, the
Company and Executive desire to memorialize the terms of employment of Executive as of the Effective Date. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree
as follows: 
 1. Duties and Scope of Employment. 

(a) Positions and Duties. As of the Effective Date, Executive will continue to serve as Chief Executive Officer and Chairman of the
Company. The period of Executive’s employment under this Agreement is referred to herein as the “Employment Term.” During the Employment Term, Executive will render such business and professional services in the performance of
Executive’s duties as are customarily associated with Executive’s positions within the Company and Executive agrees to perform such other duties and functions as shall from time to time be reasonably assigned or delegated to Executive by
the Board of Directors (the “Board”). 
 (b) Obligations. During the Employment Term, Executive will perform
Executive’s duties faithfully and to the best of Executive’s ability and will devote Executive’s full business efforts and time to the Company. During the Employment Term, Executive agrees to devote substantially of his business time
to the Company and shall not engage in any other material employment, occupation or consulting activity with material remuneration without the prior written consent of the Board. 

2. At-Will Employment. Executive and the Company agree and acknowledge Executive’s employment with the Company constitutes
“at-will” employment. Executive and the Company further agree and acknowledge that this employment relationship (and the Employment Term) may be terminated at any time, with or without cause or good reason, at the option of either
Executive or the Company. Executive understands and agrees that neither Executive’s job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment,
or extension, by implication or otherwise, of Executive’s employment with the Company. 

 3. Compensation. 

(a) Base Salary. During the Employment Term, the Company will pay Executive as compensation for Executive’s services a base salary
at the annualized rate of $240,000 (the “Base Salary”). The Base Salary will be paid in regular installments in accordance with the Company’s normal payroll practices (subject to required withholding). During the Employment
Term, Executive’s compensation shall be reviewed by the Board from time to time and at least once every 12 months. Any increase or decrease in Base Salary (together with the then existing Base Salary) shall serve as the “Base
Salary” under this Agreement. The first and last payment will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. 

(b) Target Bonus. During the Employment Term, Executive will be eligible to receive an annual bonus of up to 100% of Executive’s
Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion, which shall be based upon, among other things, achievement of revenue and EBITDA targets (the “Target
Bonus”). Any Bonus will be earned only if the Company achieves the annual performance objectives during the designated time period and Executive is continuously employed by the Company on the date that such performance objectives are
achieved. The Company shall pay such Bonus at the same time as bonuses are normally paid to senior management, unless the Board approves an exception for payment of a particular bonus on a case by case basis, but in any event, any earned Bonus shall
be paid no later than two months and 15 days after the end of the Company’s taxable year in which such Bonus was earned. 
 (c)
Equity. Executive shall be entitled to receive a grant of 1,043,173 shares of restricted stock of the Company subject to approval of the Board and the terms and conditions set forth in the Company’s 2010 Equity Incentive Plan and a
Restricted Stock Purchase Agreement issued thereunder (the “Purchase Agreement”). The Purchase Agreement shall include a four year vesting schedule and such other terms approved by the Board and Executive. 

4. Employee Benefits. During the Employment Term, Executive will be entitled to participate in the employee benefit plans
currently and hereafter maintained by the Company of general applicability to other senior executives of the Company. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. 

 5. Vacation. Executive will be entitled to paid vacation generally applicable to the senior executives of the Company,
in accordance with the Company’s vacation policy.  
 6. Business Expenses. During the Employment Term, the Company will
reimburse Executive for reasonable travel, entertainment and other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with the Company’s expense
reimbursement policy as in effect from time to time (the “Expense Reimbursement”). 
 7. Severance. 

(a) For Cause Termination by the Company; Voluntary Termination without Good Reason by Executive. If the Company terminates
Executive’s employment for Cause or if Executive terminates Executive’s employment voluntarily without Good Reason, then Executive will (i) receive the earned but unpaid compensation and earned but unpaid Bonus through the date of
termination, (ii) any accrued but unpaid vacation pay for the fiscal year during which the termination  

  
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occurs and Expense Reimbursement and (iii) not receive any other compensation or benefits from the Company except as may be required by law or in accordance with established Company
plans and policies; provided, however, nothing herein shall be deemed to alter or affect Executive’s vested rights in any pension, 401(k) or other benefit plan with the Company, if any.  

(b) Termination Without Cause by the Company; Termination For Good Reason by Executive. If the Company terminates Executive’s
employment without Cause or if Executive terminates Executive’s employment for Good Reason, then Executive shall be entitled to receive (i) any earned but unpaid compensation, earned but unpaid Bonus, and accrued but unpaid vacation pay
and any Expense Reimbursement, (ii) severance in the form of continuation of Executive’s Base Salary in effect on the effective date of termination for a period of twelve (12) months after the date of such termination to be paid
periodically in accordance with the Company’s normal payroll practices, and (iii) reimbursement of any health care benefit continuation premiums for a period of twelve (12) months after the date of such termination, provided Executive
timely elects continuation of coverage under COBRA or applicable state law; provided, however, that Executive’s right to receive the amounts set forth in clauses (ii) and (iii) above shall be conditioned upon Executive’s
and Executive’s wife’s execution and delivery (without revocation) of a general release of claims in favor of the Company and affirmation of Executive’s other continuing obligations dated as of the date of termination; provided,
further, that such COBRA premium reimbursements set forth in clause (iii) shall terminate upon commencement of new employment by an employer that offers health care coverage to its employees and Executive shall be required to notify the
Company of such other employment prior to the effective date thereof. Notwithstanding the foregoing, upon Executive’s material breach of this Agreement or the Proprietary Information Agreement (as defined in Section 11), the Company shall
no longer be obligated to pay any amounts set forth in clauses (ii) and (iii), and Executive shall not be entitled to receive any further monthly installments of the severance payments set forth in clauses (ii) and (iii). 

(c) Section 409A. 

(i) Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the final regulations and any guidance promulgated thereunder (“Section 409A”) at the time of Executive’s termination (other
than due to death), and the severance payable to Executive, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits that are considered deferred compensation under Section 409A
(together, the “Deferred Compensation Separation Benefits”) that are payable within the first six (6) months following Executive’s termination of employment, will become payable on the first payroll date that occurs on or
after the date six (6) months and one (1) day following the date of Executive’s termination of employment. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule
applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his termination but prior to the six (6) month anniversary of his termination, then any payments delayed in accordance with this
paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to
each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

  
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 (ii) Any amount paid under the Agreement that satisfies the requirements of the “short-term
deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Compensation Separation Benefits for purposes of Section 7(c)(i) above. 

(iii) Any amount paid under the Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit shall not constitute Deferred Compensation Separation Benefits for purposes of Section 7(c)(i) above. For purposes of this
Section 7(c), “Section 409A Limit” will mean the lesser of two (2) times: (A) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year
preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (B) the maximum
amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated. 

8. Death or Disability. The Employment Term and Executive’s employment shall terminate upon Executive’s death or
Disability. Upon termination of Executive’s employment for either death or Disability, Executive or Executive’s estate, as the case may be, shall be entitled to receive any earned but unpaid compensation, earned but unpaid Bonus, and
accrued but unpaid vacation pay and any Expense Reimbursement. Upon termination of Executive’s employment due to death or Disability pursuant to this Section 8, Executive or Executive’s estate, as the case may be, shall have no
further rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination for death or Disability shall be determined in accordance with established Company plans
and practices. 
 9. Limitation on Payments. In the event that the severance and other benefits provided for in this
Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section 9, would be subject to the excise tax imposed by
Section 4999 of the Code, then Executive’s severance and other benefits will be either: (i) delivered in full, or (ii) delivered as to such lesser extent which would result in no portion of such severance and other benefits being
subject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by
Executive on an after-tax basis, of the greatest amount of severance and other benefits, notwithstanding that all or some portion of such severance and other benefits may be taxable under Section 4999 of the Code. Unless the Company and
Executive otherwise agree in writing, any determination required under this Section 9 will be made in writing by the Company’s independent public accountants immediately prior to a Change of Control (the “Accountants”),
whose determination will be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this Section 9, the Accountants may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive shall furnish to the Accountants such information and documents as the
Accountants may reasonably request in order to make a determination under this Section 9. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 9. 

  
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In the event the Accountants determine that this Section 9 requires a reduction in Executive’s severance or other benefits, the reduction will occur in the following order: reduction of
cash payments; reduction of employee benefits; cancellation of accelerated vesting of equity awards; cancellation of equity awards that are considered to be contingent upon the Change of Control transaction. If Executive fails to make an appropriate
reduction election within the reasonable time period determined by the Board, in its sole discretion, the order of reduction shall be determined by the Board. 

10. Definitions. 

(a) Change of Control. For purposes of this Agreement, “Change of Control” means (X) the acquisition of the
Company by another entity by means of any transaction or series of related transactions (including, without limitation, any merger, consolidation or other form of reorganization in which outstanding shares of the Company are exchanged for securities
or other consideration issued, or caused to be issued, by the acquiring entity or its subsidiary, but excluding any transaction effected primarily for the purpose of changing the Company’s jurisdiction of incorporation), unless the
Company’s stockholders of record as constituted immediately prior to such transaction or series of related transactions will, immediately after such transaction or series of related transactions hold at least a majority of the voting power of
the surviving or acquiring entity or (Y) a sale of all or substantially all of the assets of the Company. 
 (b) Cause.
For purposes of this Agreement, “Cause” means (i) Executive’s willful failure to perform the duties and obligations of Executive’s position with the Company; (ii) any act of personal dishonesty, fraud or
misrepresentation taken by Executive which was intended to result in substantial gain or personal enrichment of Executive at the expense of the Company; (iii) Executive’s violation of a federal or state law or regulation applicable to the
Company’s business which violation was or is reasonably likely to be injurious to the Company; (iv) Executive’s conviction of, or plea of nolo contendere or guilty to, a felony under the laws of the United States or any State,
excluding felonies for minor traffic violation and vicarious liability (so long as Executive did not know of the felony and did not willfully violate the law); or (v) Executive’s material breach of the terms of this Agreement or the
Proprietary Information Agreement (as defined in Section 11). 
 (c) Good Reason. For purposes of this Agreement, “Good
Reason” means, (i) without Executive’s consent, a material reduction of Executive’s duties or responsibilities relative to Executive’s duties or responsibilities as in effect immediately prior to such reduction;
provided, however, any reduction in Executive’s duties or responsibilities resulting solely from the Company being acquired by and made a part of a larger entity (as, for example, when a chief executive officer becomes an employee
of the acquiring corporation following a Change of Control but is not the chief executive officer of the acquiring corporation) shall not constitute Good Reason; (ii) without Executive’s written consent, a material reduction in the Base
Salary of Executive as in effect immediately prior to such reduction, unless such reduction is part of a reduction in expenses generally affecting senior executives of the Company; (iii) without Executive’s consent, a material reduction by
the Company in the kind or level of employee benefits to which Executive was entitled immediately prior to such reduction, with the result that Executive’s overall benefits package is materially reduced, unless such reduction is part of a
reduction in benefits generally affecting senior executives of the Company or (iv) without Executive’s consent, his relocation to a facility or a location more than fifty (50) miles from his present working locations (currently the
Irving/Dallas 

  
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area and Austin, Texas). Good Reason shall not exist unless Executive provides (i) notice to the Company within ninety (90) days of the initial existence of the condition triggering
Good Reason and (ii) the Company the opportunity of at least thirty (30) days to cure such condition. 
 (d) Disability.
For purposes of this Agreement, “Disability” means Executive’s inability to perform Executive’s duties due to Executive’s physical or mental incapacity, as reasonably determined by the Board or its designee, for an
aggregate of 180 days in any 365 consecutive day period. 
 11. Confidential Information. Executive confirms Executive’s
obligations under the Employee Proprietary Information Agreement entered into by the Company and Executive on or about July 23, 2010 (the “Proprietary Information Agreement”), including, without limitation, provisions
prohibiting (a) disclosure of confidential information, (b) solicitation of company employees, and (c) competition with the Company, each as more fully set forth in the Proprietary Information Agreement. 

12. Assignment. This Agreement will be binding upon and inure to the benefit of (a) the heirs, executors and legal
representatives of Executive upon Executive’s death and (b) any successor of the Company. Any such successor of the Company will be deemed substituted for the Company under the terms of this Agreement for all purposes. For this purpose,
“successor” means any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Company. None
of the rights of Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. None of the obligations of Executive under this Agreement may be
assigned or transferred. Any other attempted assignment, transfer, conveyance or other disposition of Executive’s right to compensation or other benefits will be null and void. 

13. Notices. All notices, requests, demands and other communications called for under this Agreement shall be in writing and
shall be delivered personally by hand or by courier, mailed by United States first-class mail, postage prepaid, or sent by facsimile directed to the party to be notified at the address or facsimile number indicated for such party on the signature
page to this Agreement, or at such other address or facsimile number as such party may designate by ten (10) days’ advance written notice to the other parties hereto. All such notices and other communications shall be deemed given upon
personal delivery, three (3) days after the date of mailing, or upon confirmation of facsimile transfer. 
 14.
Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement will continue in full force and effect without said provision.

 15. Confidentiality. During the Employment Term and thereafter, Executive agrees to use Executive’s best efforts
to maintain in confidence the existence of this Agreement, the contents and terms of this Agreement, including any documents incorporated by reference, the consideration for this Agreement, any Company proprietary information, technical data, trade
secrets or know-how, including, but not limited to, research, product plans, products, services, customer lists and customers (including, but not limited to, customers of the Company on whom Executive called or 

  
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with whom Executive became acquainted during the term of the Employment Term), markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering,
hardware configuration information, marketing, finances or other business information disclosed to Executive by the Company either directly or indirectly in writing or orally (hereinafter collectively referred to as “Employment
Information”). Executive agrees to take every reasonable precaution to prevent disclosure of any Employment Information to third parties, and agree that there will be no publicity, directly or indirectly, concerning any Employment
Information. 
 16. Arbitration. 

(a) Executive agrees that any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation,
validity, construction, performance, breach, or termination thereof, shall be settled by binding arbitration to be held in Austin, Texas in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American
Arbitration Association (the “Rules”). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration.
Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 
 (b) The arbitrator(s) will apply Texas law to
the merits of any dispute or claim, without reference to rules of conflicts of law. The arbitration proceedings will be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Executive hereby consents to
the personal jurisdiction of the state and federal courts located in Texas for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 

(c) EXECUTIVE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT,
EXECUTIVE AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, AND THAT THIS ARBITRATION
CLAUSE CONSTITUTES A WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, DISCRIMINATION CLAIMS. 

17. Term. The term of this Agreement shall commence on the Effective Date and continue until the earlier of (i) the third
anniversary of the Effective Date, or (ii) or the end of the Employment Term. Notwithstanding the foregoing, Sections 2 and 7 – 21 of this Agreement shall survive any such termination or expiration.  

18. Integration. This Agreement, together with the Option Agreement (and any other option agreements outstanding on the
Effective Date) and the Proprietary Information Agreement, represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements whether written or oral. To the
extent that any provision of the Proprietary Information Agreement conflicts with a provision of this  

  
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Agreement, this Agreement shall control. No waiver, alteration or modification of any of the provisions of this Agreement will be binding unless in writing and signed by duly authorized
representatives of the parties hereto. 
 19. Tax Withholding. All payments made pursuant to this Agreement will be subject to
withholding of applicable taxes. 
 20. Governing Law; Consent to Personal Jurisdiction. THIS AGREEMENT WILL BE GOVERNED BY
THE LAWS OF THE STATE OF TEXAS WITHOUT REGARD FOR CONFLICTS OF LAWS PRINCIPLES. SUBJECT TO THE ARBITRATION PROVISION IN SECTION 16, I HEREBY EXPRESSLY CONSENT TO THE PERSONAL JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN TEXAS FOR ANY
LAWSUIT FILED THERE AGAINST ME BY THE COMPANY CONCERNING MY EMPLOYMENT OR THE TERMINATION OF MY EMPLOYMENT OR ARISING FROM OR RELATING TO THIS AGREEMENT. 

21. Acknowledgment. Executive acknowledges that Executive has had the opportunity to discuss this matter with and obtain advice
from Executive’s private attorney, Executive has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily entering into this Agreement. 

[Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company
by their duly authorized officers, as of the day and year first above written. 
  

			
	“COMPANY”
	
	Upland Software, Inc.
		
	By:	 	 /s/ ROBERT V. HOUSLEY

	Name:	 	 Robert V. Housley

	Title:	 	 General Counsel and Secretary

	
	Address:
	
	401 Congress Avenue, Suite 2950
	Austin, Texas 78701

  

	
	“EXECUTIVE”
	
	 /s/ JOHN T. MCDONALD

	John T. McDonald
	
	Address:
	
	 5406 Maryanna Drive

	 Austin, Texas 78746

	      

 UPLAND SOFTWARE, INC. 

EXECUTIVE EMPLOYMENT AGREEMENT 

SIGNATURE PAGEEX-10.13

 Exhibit 10.13 

EMPLOYMENT AGREEMENT 
 THIS
AGREEMENT entered into at the City of Laval, Province of Quebec, as of the 10th day of February, 2012 
  

			
	B E T W E E N:	  	Ludwig Melik, of the city of Laval in the Province of Québec
		
		  	(hereinafter referred to as the “Executive”)
		
	A N D:	  	SILVERBACK TWO CANADA MERGER CORPORATION, a corporation incorporated under the laws of Canada
		
		  	(hereinafter referred to as the “Buyer”)
		
	A N D:	  	TENROX INC., a corporation incorporated under the laws of Canada
		
		  	(hereinafter referred to as the “Company”).
		
	A N D:	  	SILVERBACK ENTERPRISE GROUP, INC., a corporation incorporated under the laws of Delaware.
		
		  	(hereinafter referred to as “Silverback”).

 WHEREAS the Executive is currently an employee of the Company; 

AND WHEREAS the Executive is also a co-founding shareholder of the Company; 

AND WHEREAS the Buyer is proposing to acquire all of the outstanding securities of the Company (the “Purchase”); 

AND WHEREAS the Buyer is a wholly-owned subsidiary of Silverback. 

AND WHEREAS it is a condition to the completion of the Purchase that the Executive enter into this Agreement; 

AND WHEREAS the Executive has agreed to be employed with the Company after the date hereof upon the terms and conditions contained in this Agreement;

 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties
hereto agree as follows: 
  

	1.	PREAMBLE 

 The preamble shall form an integral part of this Agreement; 

 

	2.	THE COMPANY’S BUSINESS 

 The Company is currently focused on the business of
developing, testing, marketing, selling, installing, servicing, maintaining, improving, integrating and customizing Project Management, Professional Services Automation and Portfolio Project Management software and providing consulting services or
market commentary relative thereto (the “Business”). 
  

	3.	EMPLOYMENT 

 The Executive agrees to be employed with the Company as its Vice
President of Sales (Tenrox Division). 
  

	4.	TERM 

 The employment of the Executive shall be for an indeterminate term, unless
terminated earlier in accordance with the provisions of section 9 hereunder. 
  

	5.	DUTIES 

 During the term of this Agreement, the Executive shall faithfully,
honestly, diligently and to the best of his abilities, serve the Company, its subsidiaries and affiliates and will exercise and perform all such powers, responsibilities and duties inherent to the above mentioned position and such other duties and
responsibilities as the Company’s Board of Directors, or such person as the Board or the CEO of Silverback shall from time to time designate, acting reasonably, may, from time to time, require him to exercise, perform and carry out, provided
that such duties are consistent with the office of the Executive. The Executive shall devote his full business time, attention and effort to the affairs of the Company, its subsidiaries and affiliates (and shall not, without the prior written
consent of the Company, undertake any other business or occupation or become a director, officer, employee or agent of any other organization, firm or individual) and shall use the Executive’s best efforts to promote the interests of the
Company, its subsidiaries and affiliates. The Executive acknowledges that employment in the position noted above will include the carrying out of duties in the evenings and weekends, as may be required from time to time, in addition to regular
business hours, for which no compensation or time off for overtime work shall be provided. 
 The Executive further agrees to strictly comply
with all laws, regulations, rules, Company policies, practices, standards and procedures as may, from time to time, be in force. 

  
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 The Company hereby acknowledges and accepts that the Executive will act as director, officer
and/or trustee of his holding company or family trust. Such involvement shall not prevent him from performing his duties hereunder. 
  

	6.	BASE SALARY 

 The Company shall pay the Executive a gross annualized salary one
hundred thirty-four thousand one hundred six dollars (CDN$ 134,106) (hereinafter referred to as the “Base Salary”) payable in regular instalments in accordance with the Company’s general payroll practices. The Base Salary shall
be reviewed on an annual basis. 
  

	7.	BENEFITS 

 In addition to the Base Salary, the Executive shall be entitled to the
following Benefits (hereinafter referred to as the “Benefits”): 
  

	 	7.1	Insurance Plans: The Executive shall participate in such medical, dental, short term and long term disability and life insurance plans as the Company makes available to its employees from time to time. A
description of the benefits conferred under these plans shall be made available to the Executive as necessary from time to time. As the benefits are provided by a third party insurer, such that the cost and availability of such benefits are outside
the Company’s control, the Company reserves the right to modify or discontinue the benefits as the Company judges necessary from time to time. In the event of any such modification or discontinuance, the Executive shall have no right to
compensation as a consequence of the modification or discontinuance. 

  

	 	7.2	Expenses: The Company shall provide the Executive with an annual expense allowance of up to thirty-three thousand five hundred dollars (CDN$ 33,500) (the “Expense Allowance”) for
reasonable expenses incurred by him in the course of performing his duties under this Agreement in a timely manner and in accordance with the policies and procedures established by the Company from time to time and provided that proper supporting
receipts are submitted. The unused portion of the Expense Allowance at the end of the calendar year shall be payable to the Executive in the form of a bonus or a retirement plan contribution. 

 

	 	7.3	Incentive Plans: The Executive shall participate in such incentive plans, including bonus or equity plans, as the Company or Silverback may implement from time to time and which shall designate the
Executive as an eligible participant. Subject to mutual agreement between the Executive and the Company, it is hereby acknowledged that the Executive’s participation in any Company or Silverback incentive plan may be combined with a reduction
in the Executive’s Base Salary. 

  
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	8.	VACATION 

 The Executive shall be entitled to four (4) weeks of paid vacation
per calendar year, accruing monthly from and after the Notice Start Date (as defined below); provided, however, that as of the Notice Start Date, the Executive shall be entitled to use up to one (1) week of such paid vacation (the
“Vacation Credit”), which such Vacation Credit shall be reduced in proportion to the accrual of one (1) week of vacation in accordance with standard accrual policy or in connection with the use of such Vacation Credit. The
Executive shall take his vacation at such time or times as may be appropriate, having regard to the Company’s operations and the Executive’s responsibilities. Upon prior written consent of the Company, Executive may defer unused vacation
days from one calendar year to the next. 
  

	9.	TERMINATION OF EMPLOYMENT 

  

	 	9.1	Termination by Executive - The Executive may terminate his employment with the Company by giving not less than sixty (60) days of written notice of termination.
If the Executive gives notice of termination as provided herein, the Company may, at its sole discretion, waive such notice and immediately terminate this agreement and the employment of the Executive without any notice or indemnity in lieu of
notice to the Executive and the company will have no further obligations to the Executive with respect to the termination of his employment or this agreement, including by way of notice of termination, payment in lieu of notice, anticipated earnings
or damages of any kind save and except for any unpaid Base Salary as well as any unused and outstanding accrued vacation pay from the Notice Start Date up to the effective termination date. 

 

	 	9.2	Termination for Serious Reason: The Company may terminate this Agreement and the Executive’s employment at any time, for serious reason, without notice and without payment of compensation,
either by way of notice, pay in lieu of notice, anticipated earnings or damages of any kind. For the purposes hereof, “serious reason” means (i) the Executive’s violation of a material term and/or condition of this Agreement, of
any other material contract between the Company and the Executive, or of any of the Company’s policies as in effect from time to time; (ii) the substantial failure of the Executive to perform Executive’s obligations hereunder or under
or of any other material contract between the Company and the Executive in a manner reasonably satisfactory to the Company or the inability or incapacity of Executive to fulfill the essential requirements of Executive’s position for a
continuous period of sixty (60) days; (iii) Executive’s engaging in fraud, dishonestly, serious misconduct or neglect in the discharge of Executive’s duties (including, without limitation, violation of any contractual, statutory
or common law duty to the Company or any affiliate or subsidiary thereof); (iv) Executive’s being convicted (by way of a final judgment) of a serious criminal offense or being declared guilty of dishonesty or any substantial misconduct
which reflects adversely on the Company or any subsidiary or affiliate thereof; (v) the commission by the Executive of any act of gross negligence or intentional misconduct in the performance or non-performance of the Executive’s duties to
the Company or any subsidiary or affiliate thereof; or (vi) any conduct that, in the opinion of the Company, may reasonably be expected to bring the Executive, the Company or any of its affiliates or subsidiaries into disrepute.

  
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 In the event of the occurrence of an alleged serious reason invoked by the Company pursuant to
sections 9.2 (i), (iii), (v) and/or (vi), the Company agrees and undertakes to issue a formal written notice to the Executive, setting out the specific nature of the alleged serious reason and it will provide the Executive with a minimum delay
of fifteen (15) business days to address the letter and remedy the alleged conduct, if necessary. 
 Should this Agreement be terminated
for serious reason pursuant to the provisions of this section 9.2, the Executive shall be paid all unpaid Base Salary to the date of termination, as well as any unused and outstanding accrued vacation pay from the Notice Start Date to that date.

  

	 	9.3	Termination Without Serious Reason:  

  

	 	9.3.1	Notwithstanding anything to the contrary in the Agreement and solely for the purpose of determining the length of notice or indemnity in lieu of notice to which the Executive is entitled under this Agreement in
the event of the termination of his employment without serious reason, the Executive shall be deemed to have began his employment with the Company on the date hereof (the “Notice Start Date”). 

 

	 	9.3.2	In consideration for the benefits deriving to the Executive from the sale of his shares in the Company pursuant to the Purchase concurrent with the execution of this Agreement, the employment relationship between
the Executive and the Company existing immediately before the execution of this Agreement is hereby, by mutual consent, irrevocably resiliated and this Agreement constates a new employment relationship beginning on the Notice Start Date.

  

	 	9.3.3	The Executive hereby renounces any right to notice or indemnity in lieu of notice on account of employment with the Company prior to the Notice Start Date and agrees to sign, contemporaneous with the execution
and delivery of this Agreement, a full and final release with respect to any such rights in favour of the Company, in the form of the release attached hereto at Schedule A. 

 

	 	9.3.4	Notwithstanding subsection 9.3.2 hereof, the Executive’s obligations pursuant to article 2088 of the Civil Code of Quebec arising from the period prior to Notice Start Date are hereby continued and
confirmed. 

  

	 	9.3.5	If this Agreement is terminated by the Company without serious reason, the Executive shall be entitled to receive a notice or indemnity in lieu thereof, at the Company’s discretion, equal to four
(4) weeks per year of service between the Notice Start Date and the date of termination of employment. The notice or indemnity in lieu of notice under this Agreement shall be pro rated for any partial year of service and shall in no case exceed
eighteen (18) months. 

  
 -5- 

	 	9.4	Termination by Death or Permanent Incapacity - The employment of the Executive shall terminate automatically upon the death or permanent incapacity of the Executive,
as declared by a competent physician. For purposes of this section 9.4, the Executive shall be deemed to have suffered permanent incapacity when the Executive suffers any illness or injury that prevents him from performing his essential employment
duties for a period of six (6) consecutive months. Where the employment of the Executive is terminated under this section 9.4, the Company shall be under no obligation to provide the Executive (or his estate, as the case may be) with notice of
termination, payment in lieu of notice, anticipated earnings or damages of any kind save and except for any unpaid Base Salary as well as any unused and outstanding accrued vacation pay from the Notice Start Date up to the effective termination
date. 

  

	 	9.5	Directorship and Offices - Upon the termination of his employment with the Company, the Executive shall immediately resign any directorship or office held in the
Company or any parent, subsidiary or affiliated companies of the Company and, except as provided in this agreement, the Executive shall not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any
severance pay, damages or compensation for loss of office or otherwise, by reason of the resignation or resignations referred to in this section 9.5. On termination of employment with the Company, the Executive shall immediately relinquish all
shares or stock and all equity interests which may be held by the Executive as a nominee for or on behalf of the Company or any parent, subsidiary or affiliated companies of the Company. 

 

	 	9.6	Return of Property: In the event that this Agreement is terminated for any reason whatsoever, the Executive shall immediately return all Company’s property, including, without limitation, Confidential
Information (as defined below), any and all notes, business records or documents, whether on digital media or otherwise, keys, security access cards, computer, telephone, and all other passwords, files, contracts, books, computer source, access
and/or object codes and any and all other equipment, whether or not any of these items or parts of these items were prepared by him, in his possession or under his control, without retaining any memoranda or copies in whatever form of any such
items. 

  

	 	9.7	Notwithstanding any termination of this Agreement or the Executive’s employment for any reason whatsoever and by whomsoever, the provisions of sections 10 (Safeguarding Confidential Information) and 11
(Non-Solicitation and Non-Competition) of this Agreement, and any provision of this Agreement necessary to give them effect, shall continue in full force and effect following such termination. 

  
 -6- 

	10.	SAFEGUARDING CONFIDENTIAL INFORMATION 

  

	 	10.1	The Executive acknowledges that the Company, Silverback and their subsidiary companies operate businesses in a highly specialized and competitive area and that confidentiality is vital to the pursuit of their
operations. 

  

	 	10.2	The Executive acknowledges that in the course of his employment with the Company, he has had access to and used and will continue to have access to and use “Confidential Information” (as defined below)
regarding the Company, its subsidiary companies, its Business, Silverback and its subsidiary companies, their clients, suppliers, consultants and co-contractors, and that such Confidential Information belongs to the Company, Silverback and their
respective subsidiary companies (the “Silverback Group”), as the case may be, and has special, unique and extraordinary value for the Silverback Group and that the disclosure of such Confidential Information in any manner and to
whomsoever, and more particularly to the competitors of the Silverback Group or to the general public, would be highly detrimental to the Silverback Group. 

  

	 	10.3	The Executive acknowledges that the Silverback Group has a legitimate interest in protecting the Confidential Information. The Executive hereby undertakes not to disclose or reveal to whomsoever and for any
reason, nor use for his own account or for the account of any other person, any Confidential Information regarding the Silverback Group, their clients, suppliers, consultants and co-contractors, as long as he is in the Company’s employ and
indefinitely following the termination of his employment, except in the following circumstances: 

  

	 	10.3.1	The Confidential Information is already known to the public without any breach or disclosure on the part of the Executive; 

  

	 	10.3.2	The Executive is required by a court of competent jurisdiction or otherwise by law to disclose the Confidential Information. In such circumstances, the Executive shall cooperate with the Company to preserve the
confidentiality of any Confidential Information the disclosure of which is not required; 

  

	 	10.3.3	Disclosure is required in order for the Executive’s duties with the Company to be performed in certain circumstances. 

  

	 	10.4	In the event that the Executive is requested or required to disclose any Confidential Information, he shall provide the Company with prompt written notice of any such request or requirements so that the
appropriate member of the Silverback Group may seek an appropriate protective order or waive compliance with the provisions of this Agreement. 

  

	 	10.5	The Executive further undertakes to use his best efforts and diligence to safeguard all such Confidential Information, and to protect it against disclosure, misuse, espionage, lost or theft. 

  
 -7- 

	 	10.6	For the purposes hereof, “Confidential Information” means any information that has commercial value for any member of the Silverback Group (including the Company), their clients, suppliers, consultants
and co-contractors, including, without limiting the generality of the foregoing, industrial designs, designs, ideas, business secrets, trade secrets, patents, copyrights, discoveries, inventions, improvements, procedures, formulas, works, reports,
know-how, data or other proprietary information relating to research, documents, contracts, strategic tools, research and experiment results, laboratory techniques, computer programs, software, software documentation, hardware design, manuals,
techniques, price or rate lists, client lists, key persons lists, contacts, potential clients, financial information, sources of supply, lists of suppliers, sales techniques and policies, price policies, sales and distribution data, internal reports
and market studies, formulas, products, product composition, processes, materials, developmental or experimental work, other original works of authorship, projections, marketing and operational plans, business plans, strategic plans, scientific
projects and any other trade secrets and information regarding the services or business of the Silverback Group, their clients, suppliers, consultants and co-contractors which any member of the Silverback Group treats as Confidential Information,
including any information entrusted to the Company by third parties. 

  

	11.	NON-SOLICITATION and NON-COMPETITION 

  

	 	11.1	The Executive acknowledges that the Company’s Business and the business of the Silverback Group is highly competitive, is knowledge, idea, and concept-driven, and involves extensive investments in research
and development, design, marketing and sale of its products and services. 

 The Executive acknowledges that those with whom
the Company conducts its Business, and those persons with whom the other members of the Silverback Group conduct their business, whether as sponsors, investors, suppliers, representatives, collaborators, contractors, consultants, clients,
associates, executives and employees are and have been critical to its and their success, and further acknowledges that they acquire extensive training relating to, background in, and knowledge of its business. 

The Executive further acknowledges that much of the research and development taking place at the Company forms the basis of the Company’s
ability to operate successfully in the industry pertaining to the Company’s Business (and that the same applies in respect of the other members of the Silverback Group). 

It is therefore just, reasonable, and necessary for the Company to protect its legitimate interests through the present provisions regarding
Non-Solicitation and Non-Competition and that the other members of the Silverback Group do the same through the present provisions regarding Non-Solicitation. 

  
 -8- 

	 	11.2	Non-Competition: As a consequence of the acknowledgements made above, the Executive hereby covenants and agrees with the Company that, during his employment and for a period of twelve (12) months
after the termination of his employment, the Executive will not, either alone or in conjunction with any individual, firm, corporation, association or other entity, whether as principal, agent, employee, consultant, advisor, shareholder or in any
other capacity whatsoever; 

  

	 	11.2.1	     

  

	 	a)	carry on, engage in or be concerned with or interested in; or 

  

	 	b)	be or become an officer, director, stockholder, owner, affiliate, salesperson, co-owner, partner, trustee, promoter, technician, engineer, analyst, employee, agent, representative, supplier, contractor,
consultant, advisor or manager of or to, or otherwise acquire or hold any interest in, or participate in or facilitate the financing, operation, management or control of, any firm, partnership, corporation, person, entity or business that engages or
participates in; or 

  

	 	c)	lend money to, guarantee the debts or obligations of or permit its name or any part thereof to be used or employed by any person engaged in or concerned with or interested in; 

any business which is similar to or competitive with the Company’s Business; 

 

	 	11.3	Non-Solicitation: As a further consequence of the acknowledgements made above, the Executive hereby covenants and agrees with the Company and the other members of the Silverback Group that, during his
employment and for a period of twelve (12) months after the termination of his employment, the Executive will not, either alone or in conjunction with any individual, firm, corporation, association or other entity, whether as principal, agent,
employee, consultant, advisor, shareholder or in any other capacity whatsoever; 

  

	 	11.3.1	     

  

	 	a)	induce or endeavour to induce any employee of the Company or any of its subsidiaries to leave his or her employment; 

  

	 	b)	induce or endeavour to induce any employee of any other member of the Silverback Group to leave his or her employment; 

  

	 	c)	employ or attempt to employ or assist any Person to employ any employee of the Company or any of its subsidiaries; 

  

	 	d)	employ or attempt to employ or assist any Person to employ any employee of any other member of the Silverback Group; 

  
 -9- 

	 	e)	solicit, endeavour to solicit or gain the custom of, canvass or interfere with the Company’s or any subsidiary’s relationships with any person that: 

 

	 	(i)	is or was a customer of the Company or any of its predecessors; 

  

	 	(ii)	has been pursued as a prospective customer by or on behalf of the Company or any of its predecessors, and in respect of whom the Company or any of its predecessors has not determined to cease all such pursuit; or

  

	 	f)	solicit, endeavour to solicit or gain the custom of, canvass or interfere with any other member of the Silverback Group’s relationships with any person that : 

 

	 	(i)	is or was a customer of such member of the Silverback Group or any of its predecessors; 

  

	 	(ii)	has been pursued as a prospective customer by or on behalf of such member of the Silverback Group or any of its predecessors, and in respect of whom the Silverback Group or any of its predecessors has not determined to
cease all such pursuit; 

 As used in this section 11.3.1 f), “customer” and “prospective customer” shall
mean those customers or prospective customers of the Silverback Group or any of its predecessors (other than the Company) of whom the Executive has knowledge, with whom the Executive had contact, directly or indirectly, or to whom the Executive
provided services, on behalf of the Company, in the twenty-four (24) month period prior to the termination of his employment with the Company. 
  

	 	11.3.2	knowingly take any action as a result of which the relations between the Company (or any other member of the Silverback Group) and its (or their) customers, clients or employees may be impaired; or

 Provided that each of clauses and subclauses of 11.2, 11.3.1 and 11.3.2 hereof shall reflect separate covenants and shall
be severable one from the other. 
  

	 	11.4	The Executive acknowledges and agrees that, given the global appeal of the Company’s business, that the Company has served over 800 clients in over 50 countries, that the Company’s business is entirely
Web-based and that the Company’s business is not and cannot be circumscribed to any specific territorial limits, the limitations found at sections 11.2 and 11.3 herein are applicable to every country or territory in the World.

  
 -10- 

	12.	Intellectual Property Rights 

  

	 	12.1	The Executive covenants and agrees that all works, inventions and improvements, discoveries, designs and secret processes, including, without limiting the generality of the foregoing, any software, source codes
and programmes (collectively hereinafter referred to as “Developments”), whether or not patentable or copyrightable, which have been or which shall be developed by the Executive at any time in the course of his employment with
the Company shall be the sole and complete property of the Company, that any and all copyrights and other proprietary interest therein shall belong to the Company. The Executive hereby waives any and all rights to the Developments, including without
limitation any rights to royalties or other remuneration in respect of the exploitation of such Developments or any moral rights he may have to the Developments under any copyright law or otherwise. The Executive hereby assigns to the Company
without any further consideration than is provided for in this Agreement, all such rights, title and interest to each such Development effective at the time it is created and agrees to execute such further documents and do such acts and other things
reasonably requested by the Company to evidence and effect such assignment and to enable the Company to obtain patents or copyrights or the like covering any such Development. The Executive further agrees to notify the Company promptly of the
creation of any such Development and to keep accurate written records in respect thereof, which records shall also become the property of the Company upon their creation. The Executive agrees that the obligations in this section 12.1 shall continue
beyond the termination of his employment with the Company with respect to Developments developed by the Executive during the term of his employment with the Company. For greater certainty, in the event that the Executive provides any services to any
other member of the Silverback Group on behalf of the Company and if, as a result thereof, any Developments are developed, the Executive acknowledges that the Company may designate in writing any one or more other members of the Silverback Group as
being the party for whom the benefit of such Development and the provisions of this Section 12.1 apply. 

  

	13.	SILVERBACK 

  

	 	13.1	The parties hereto agree that Silverback is a party to the present Agreement solely for the purpose of benefiting of, and being entitled to enforce, those obligations of the Executive referred to in Sections 10,
11 and 12 of this Agreement other than those stated to be for the benefit of the Company and that Silverback may take action to enforce any rights of any member of the Silverback Group other than the Company or may designate any appropriate entity
within the Silverback Group as being the designated beneficiary on whose behalf Silverback holds such rights. The Executive agrees that this Agreement shall not give rise to any liabilities or obligations of any kind on the part of Silverback,
whether express or implied and, without limiting the generality of the foregoing, shall not give rise to an employer-employee relationship between the Executive and Silverback; 

  
 -11- 

	14.	MISCELLANEOUS 

  

	 	14.1	Reasonableness of Scope and Duration: The Executive acknowledges that the provisions of Sections 10, 11 and 12 are reasonable in terms of scope and duration, and do not constitute an impediment to earning
a reasonable livelihood following the cessation of his employment with the Company, and are necessary for the protection of the legitimate interests of the Company and its subsidiaries and affiliates. For the purposes of Sections 10and 11, all
references to the “Company” shall be deemed to be references to “the Company and its subsidiaries” unless the context otherwise requires. 

  

	 	14.2	Breach of Obligations: The Executive further acknowledges that any failure on his part to respect any obligation resulting from this Agreement would cause serious and irreparable harm to the Company such
that a final award in damages would not be adequate. Consequently, the Executive recognizes that in the event of breach of his obligations, the Company may immediately seek injunctive relief, without prejudice to the Company’s right to other
remedies available hereunder or at law. 

  

	 	14.3	Contractual Obligations: The Executive acknowledges that the contractual obligations provided herein are in addition to any other obligations of loyalty, good faith and confidentiality owed to the Company
under the Quebec Civil Code arising from his position at the Company and that they are fair and reasonable under the circumstances. 

  

	 	14.4	Holding Shares of Listed Corporations: Nothing in this Agreement shall be construed so as to prohibit the Executive from holding (for passive investment purposes only) shares listed on any Canadian,
American or other nationally recognized stock exchange, where the holdings do not exceed five percent (5%) of the outstanding shares listed. 

  

	 	14.5	Amendment or Waiver: No part of this Agreement may be changed or waived except in writing, signed by the party against whom enforcement of the change or waiver is sought. 

 

	 	14.6	Governing Law: The Executive recognizes that he is employed in the Province of Quebec in relation to a business operating in the Province of Quebec. As such, he agrees that the present Agreement shall be
governed by and interpreted, now and at all times, solely and exclusively, in accordance with the laws of the Province of Quebec and of the federal laws of Canada applicable therein. 

  
 -12- 

	 	14.7	Severability: If in the course of any legal proceedings before a competent tribunal, it is determined that any section, subsection or any part thereof is invalid or unenforceable with respect to any
particular set of circumstances, only that section, subsection or part thereof shall be deemed to be severed from this Agreement for the purposes only of the particular legal proceedings in question, and that section, subsection or part thereof
shall, in every other respect, continue in full force and effect. 

 In particular, but not so as to limit the generality of
the foregoing, Sections 10 (Safeguarding Confidential Information) and 11 (Non-Solicitation and Non-Competition) of this Agreement, and their various subsections, are severable and independent one from the other. 

 

	 	14.8	Entire Agreement: This Agreement embodies the entire agreement between the Company and the Executive with respect to the subject matter hereof and, except as otherwise expressly provided, it supersedes and
annuls any prior agreement, arrangement or understanding between the Company and the Executive with respect to the subject matter hereof. 

  

	 	14.9	Headings: The headings in this Agreement have been inserted for convenience only and are not part of this Agreement. 

  

	 	14.10 	Notices: Any demand, notice or other communication to be given in connection with this Agreement must be given in writing and will be given by personal delivery, by registered mail or by electronic means
of communication addressed to the recipient as follows: 

 To the Executive: 

					
		  	
                     
                                    
	  	
		  		  	
		  	
                     
                                    
	  	
		  		  	
		  	
                     
                                    
	  	

 To the Buyer, the Company and Silverback: 

Silverback Enterprise Group, Inc. 

Frost Tower, 29th Floor 
 401
Congress Avenue 
 Austin, Texas 78701 

Attention: Jack McDonald 

Facsimile No.: (512) 721-1218 

with a copy (which shall not constitute notice) to: 

Wilson Sonsini Goodrich & Rosati, Professional Corporation 

900 South Capital of Texas Highway 

Las Cimas IV, Fifth Floor 

Austin, Texas 78746-5546 

Attention: Brian K. Beard 

Facsimile No.: (512) 338-5499 

  
 -13- 

 or to such other street address, individual or electronic communication number or address as may
be designated by notice given by any party to the other. Any demand, notice or other communication given by personal delivery will be conclusively deemed to have been given on the day of actual delivery thereof and, if given by registered mail, on
the fifth Business Day following the deposit thereof in the mail and, if given by electronic communication, on the day of transmittal thereof if given during the normal business hours of the recipient and on the Business Day during which such normal
business hours next occur if not given during such hours on any day. If the party giving any demand, notice or other communication knows or ought reasonably to know of any difficulties with the postal system that might affect the delivery of mail,
any such demand, notice or other communication may not be mailed but must be given by personal delivery or by electronic communication. For the purposes hereof, “Business Day” means each day that is not a Saturday, Sunday or other day on
which Buyer is closed for business or banking institutions located in [Montreal, Canada] are authorized or obligated by law or executive order to close. 
  

	 	14.11 	Non-Waiver: The failure of any party to seek redress for a violation of or to insist upon the strict performance of any provision of this Agreement shall not prevent a subsequent act which would have
originally constituted a violation from having the effect of an original violation. 

  

	 	14.12 	Currency: Unless otherwise indicated, all amounts referred to herein are in Canadian dollars. 

  

	 	14.13 	Gender: In this Agreement, wording importing the singular number only shall include the plural and vice versa, words importing gender shall include the masculine, feminine genders, and words importing
persons shall include firms, groups and associations. 

  

	 	14.14 	Personal Nature of Services: The services to be rendered by the Executive to the Company under this Agreement are personal in nature and, therefore, the Executive may not delegate any part of his duties
with the Company nor assign his rights or any obligation under this Agreement. 

  

	 	14.15 	Assignment: The provisions hereof shall enure to the benefit of the Company’s successors and assigns and shall be binding upon the Executive’s heirs, executors and legal representatives.

  

	 	14.16 	Language: The parties hereto acknowledge that they have required that the present Agreement and all documents, documentations and agreements, directly or indirectly related thereto, be drawn up in English.
Les parties reconnaissent avoir exigé la rédaction en anglais de la présente Convention ainsi que de tous les documents, documentations et ententes, directement ou indirectement reliés à la présente
Convention. 

  
 -14- 

	 	14.17 	Deductions and Withholdings: All amounts payable pursuant to this Agreement shall be payable less deductions and withholdings required by applicable law. 

 

	 	14.18 	Counterparts: This Agreement may be executed in any number of counterparts, and/or by facsimile or e mail transmission of Adobe Acrobat files, each of which shall constitute an original and all of which,
taken together, shall constitute one and the same instrument. Any Party executing this Agreement by fax or PDF file shall, immediately following a request by any other Party, provide an originally executed counterpart of this Agreement provided,
however, that any failure to so provide shall not constitute a breach of this Agreement. 

  

	15.	ADDITIONAL ACKNOWLEDGEMENTS OF THE EXECUTIVE 

  

	 	15.1	Additional Acknowledgements: The Executive further acknowledges as follows: 

  

	 	15.1.1 	The Executive has had the opportunity to review the terms of this Agreement; 

  

	 	15.1.2 	The Executive acknowledges having had and being given adequate time and opportunity to seek legal and/or professional advice prior to signature of this Agreement. 

 

	 	15.1.3 	The terms of this Agreement have been the subject of negotiations between the Executive and the Company and that the terms of this Agreement have not been imposed upon the Executive by the Company.

 The signature page is on the following page. 

  
 -15- 

 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

			
	SILVERBACK TWO CANADA MERGER CORPORATION
		
	Per:	 	 /s/ JOHN T. MCDONALD

		 	Name: John T. McDonald
		 	Title: President
	
	TENROX INC.
		
	Per:	 	 /s/ RUDOLF MELIK

		 	Name:Rudolf Melik
		 	Title: Chief Executive Officer
	
	 SILVERBACK ENTERPRISE GROUP,

INC.

		
	Per:	 	 /s/ JOHN T. MCDONALD

		 	Name: John T. McDonald
		 	Title: Chief Executive Officer

  

							
	SIGNED, SEALED AND DELIVERED	 	)	 		 	
	in the presence of:	 	)	 		 	
				
	  
	 		 		 	/s/ LUDWIG MELIK
	Witness	 	)	 		 	Ludwig Melik
		 		 		 	

  
 -16- 

 SHEDULE A 

RELEASE 
 In consideration for the
purchase of my shares in Tenrox Inc., I do hereby, in my name and that of my successors, heirs and assigns, fully and irrevocably release and discharge Tenrox Inc., (the “Company”), related companies, subsidiaries, affiliates,
directors, officers, shareholders, agents, representatives, employees and mandatories, regardless of the times at which they held such positions, of any and all claims, actions or demands which I ever had, now have or hereafter may have on account
of notice or indemnity in lieu of notice or any severance with respect to my employment with the Company prior to the sale of my shares in Tenrox, pursuant to any applicable laws, including in equity, contract or tort, or under the Civil Code of
Québec, the Act respecting Labour Standards, and any other statute or contract. 
 My execution of this release and discharge confirms
that I have entered into a full and final settlement relative to any claims which I may have against the Company with respect to the subject hereof. 
 I
acknowledge that I was given sufficient time to review the terms and conditions of the present Release and to seek independent legal advice, and I confirm that I in fact did receive such legal advice, before executing this document. After having
been satisfied that the present transaction is just and reasonable in the circumstances, I acknowledge having executed it freely, voluntarily, and after just consideration. 

The present Release constitutes a transaction within the meaning of Sections 2631 and following of the Civil Code of Quebec. 

The present Release shall benefit to the successors and assigns of the Company and shall bind my heirs, executors, successors and assigns. 

I hereby confirm my express wish that the present Release and all documents directly and indirectly related hereto be drawn up in English. Je
reconnais de manière expresse mon désir que la présente entente ainsi que tous les documents et conventions qui s’y rattachent directement ou indirectement soient rédigés en langue anglaise. 

IN WITNESS THEREOF, I HAVE SIGNED IN (city) Laval , 

this 10th day of (month) February 2012. 
  

					
	  
	 		 	/s/ LUDWIG MELIK
	Witness	 		 	Ludwig Melik

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