Document:

Subscription
Agreement

 

This
Subscription Agreement (this “Agreement”) is made and entered into as of March 1, 2018 by and between
RITO GROUP CORP., a Nevada corporation (the “Company”) and the undersigned (the “Purchaser”).
The Purchaser, together with the Company shall be referred to as the “Parties”.

 

WHEREAS,
the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company [number of shares]
of common stock, par value $0.0001 per share of the Company (“Common Stock”) pursuant to an exemption from registration
under Section 4(a)(2), Regulation D, and/or Regulation S under the Securities Act of 1933, as amended (the “1933 Act”)
or other applicable exemptions on the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

	 	1.	Securities
    Sale and Purchase. The Company shall issue and sell to the Purchaser and the Purchaser agrees to purchase from the Company
    [number of shares] of Common Stock of the Company (the “Shares” or the “Securities”)
    at a price of $1.50 per share for a total amount of US$ [total subscription amount] (the “Purchase Price”)
    pursuant to an exemption from registration provided by Section 4(a)(2), Regulation D, and/or Regulation S promulgated under
    the 1933 Act or other applicable exemption. 
	 	 	 
	 	2.	Closing.
    At the closing, the Company will deliver to the Purchaser the Shares and the Purchase Price shall be paid by the Purchaser
    via wire transfer of immediately available funds to an account designated by the Company. The closing shall be held on such
    date as the parties may agree upon (the “Closing” and the “Closing Date”) at the offices of Rito Group
    Corp., Room 6C, 4/F, Block C, Hong Kong Industrial Centre, 489 Castle Peak Road, Lai Chi Kok, Hong Kong at 10:00 a.m., or
    at such other location or by such other means upon which the parties may agree; provided, that all of the conditions set forth
    in Section 2 hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith. 
	 	 	 
	 	3.	Representations,
    Warranties and Covenants of the Company. The Company represents and warrants to the Purchaser, as of the date hereof,
    as follows:

 

	 	(a)	Organization
    and Standing. The Company is a duly organized corporation, validly existing and in good standing under the laws of the
    State of Nevada, has full power to carry on its business as and where such business is now being conducted and to own, lease
    and operate the properties and assets now owned or operated by it and is duly qualified to do business and is in good standing
    in each jurisdiction where the conduct of its business or the ownership of its properties requires such qualification.

 

    	 

     

    

 

	 	(b)	Authorization
    and Power. The execution, delivery and performance of this Agreement and the consummation of the transaction contemplated
    hereby have been duly authorized by the Board of Directors of the Company. The Agreement has been (or upon delivery will be)
    duly executed by the Company is or, when delivered in accordance with the terms hereof, will constitute, assuming due authorization,
    execution and delivery by each of the parties thereto, the valid and binding obligation of the Company enforceable against
    the Company in accordance with its terms.
	 	 	 
	 	(c)	No
    Conflict. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
    hereby do not (i) violate or conflict with the Company’s Certificate of Incorporation, By-laws or other organizational
    documents, (ii) conflict with or result (with the lapse of time or giving of notice or both) in a material breach or default
    under any material agreement or instrument to which the Company is a party or by which the Company is otherwise bound, or
    (iii) violate any order, judgment, law, statute, rule or regulation applicable to the Company, except where such violation,
    conflict or breach would not have a Material Adverse Effect on the Company. This Agreement when executed by the Company will
    be a legal, valid and binding obligation of the Company enforceable in accordance with its terms (except as may be limited
    by bankruptcy, insolvency, reorganization, moratorium and similar laws and equitable principles relating to or limiting creditors’
    rights generally).
	 	 	 
	 	(d)	Authorization.
    Issuance of the Shares to Purchasers has been duly authorized by all necessary corporate actions of the Company.
	 	 	 
	 	(e)	Issuances.
    The Shares to be issued hereunder will be validly issued, fully paid and nonassessable.
	 	 	 
	 	(f)	Litigation
    and Other Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of the
    Company, threatened against the Company at law or in equity before or by any court or Federal, state, municipal or their governmental
    department, commission, board, bureau, agency or instrumentality, domestic or foreign which could materially adversely affect
    the Company. The Company is not subject to any continuing order, writ, injunction or decree of any court or agency against
    it which would have a material adverse effect on the Company.
	 	 	 
	 	(g)	Use
    of Proceeds. The proceeds of this Offering and sale of the Shares, net of payment of placement expenses, will be used
    by the Company for working capital and other general corporate purposes. 
	 	 	 
	 	(h)	Consents/Approvals.
    No consents, filings (other than Federal and state securities filings relating to the issuance of the Shares pursuant
    to applicable exemptions from registration, which the Company hereby undertakes to make in a timely fashion), authorizations
    or other actions of any governmental authority are required to be obtained or made by the Company for the Company’s
    execution, delivery and performance of this Agreement which have not already been obtained or made or will be made in a timely
    manner following the Closing. 

 

    	 

     

    

 

	 	(i)	No
    Commissions. The Company has not incurred any obligation for any finder’s, broker’s or agent’s fees
    or commissions in connection with the transaction contemplated hereby. 
	 	 	 
	 	(j)	Disclosure.
    No representation or warranty by the Company in this Agreement, the Agreement, nor in any certificate, Schedule or Exhibit
    delivered or to be delivered pursuant to this Agreement: contains or will contain any untrue statement of material fact or
    omits or will omit to state a material fact necessary to make the statements contained herein or therein not misleading. To
    the knowledge of the Company and its subsidiaries at the time of the execution of this Agreement, there is no information
    concerning the Company and its subsidiaries or their respective businesses which has not heretofore been disclosed to the
    Purchasers that would have a Material Adverse Effect.
	 	 	 
	 	(k)	Compliance
    with Laws. The business of the Company and its subsidiaries has been and is presently being conducted so as to comply
    with all applicable material federal, state and local governmental laws, rules, regulations and ordinances.

 

	 	4.	Purchaser
    Representations, Warranties and Agreements. The Purchaser hereby acknowledges, represents and warrants as follows:

 

	 	(a)	Organization;
    Authority. Such Purchaser is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction
    of its organization with the requisite corporate or partnership power and authority to enter into and to consummate the transactions
    contemplated by the applicable Documents and otherwise to carry out its obligations thereunder. The execution, delivery and
    performance by such Purchaser of the transactions contemplated by this Agreement has been duly authorized by all necessary
    corporate or, if such Purchaser is not a corporation, such partnership, limited liability company or other applicable like
    action, on the part of such Purchaser. Each of this Agreement and other Documents has been duly executed by such Purchaser,
    and when delivered by such Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation
    of such Purchaser, enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable
    bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the enforcement
    of, creditors’ rights and remedies or by other equitable principles of general application.

 

    	 

     

    

 

	 	(b)	Investment
    Intent. Such Purchaser is acquiring the Shares as principal for its own account for investment purposes only and not with
    a view to or for distributing or reselling such Shares or any part thereof, without prejudice, however, to such Purchaser’s
    right at all times to sell or otherwise dispose of all or any part of such Shares in compliance with applicable federal and
    state securities laws. Subject to the immediately preceding sentence, nothing contained herein shall be deemed a representation
    or warranty by such Purchaser to hold the Shares for any period of time. Such Purchaser is acquiring the Shares hereunder
    in the ordinary course of its business. Such Purchaser does not have any agreement or understanding, directly or indirectly,
    with any Person to distribute any of the Shares.
	 	 	 
	 	(c)	Purchaser
    Status. 

 

	 	(i)	The
    Purchaser agrees and acknowledges that it was not, a “U.S. Person” (as defined below) at the time the Purchaser
    was offered the Shares and as of the date hereof:

 

	 	(A)
    	Any
    natural person resident in the United States;
	 	 	 
	 	(B)
    	Any
    partnership or corporation organized or incorporated under the laws of the United States;
	 	 	 
	 	(C)
    	Any
    estate of which any executor or administrator is a U.S. person;
	 	 	 
	 	(D)
    	Any
    trust of which any trustee is a U.S. person;
	 	 	 
	 	(E)
    	Any
    agency or branch of a foreign entity located in the United States;
	 	 	 
	 	(F)
    	Any
    non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
    or account of a U.S. person;
	 	 	 
	 	(G)
    	Any
    discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
    or (if an individual) resident of the United States; and
	 	 	 
	 	(H)
    	Any
    partnership or corporation if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by
    a U.S. person principally for the purpose of investing in securities not registered under the 1933 Act, unless it is organized
    or incorporated, and owned, by accredited Purchasers (as defined in Rule 501(a) of Regulation D promulgated under the 1933
    Act) who are not natural persons, estates or trusts.

 

    	 

     

    

 

“United
States” or “U.S.” means the United States of America, its territories and possessions, any State
of the United States, and the District of Columbia.

 

	 	(ii)	The
    Purchaser understands that no action has been or will be taken in any jurisdiction by the Company that would permit a public
    offering of the Shares in any country or jurisdiction where action for that purpose is required. 
	 	 	 
	 	(iii)	The
    Purchaser (i) as of the execution date of this Agreement is not located within the United States, and (ii) is not purchasing
    the Shares for the account or benefit of any U.S. Person, except in accordance with one or more available exemptions from
    the registration requirements of the 1933 Act or in a transaction not subject thereto.
	 	 	 
	 	(iv)	The
    Purchaser will not resell the Shares except in accordance with the provisions of Regulation S (Rule 901 through 905 and Preliminary
    Notes thereto), pursuant to a registration statement under the 1933 Act, or pursuant to an available exemption from registration;
    and agrees not to engage in hedging transactions with regard to such securities unless in compliance with the 1933 Act.
	 	 	 
	 	(v)	The
    Purchaser will not engage in hedging transactions with regard to shares of the Company prior to the expiration of the distribution
    compliance period specified in Category 2 or 3 (paragraph (b)(2) or (b)(3)) in Rule 903 of Regulation S, as applicable, unless
    in compliance with the 1933 Act; and as applicable, shall include statements to the effect that the securities have not been
    registered under the 1933 Act and may not be offered or sold in the United States or to U.S. persons (other than distributors)
    unless the securities are registered under the 1933 Act, or an exemption from the registration requirements of the 1933 Act
    is available. 
	 	 	 
	 	(vi)	No
    form of “directed selling efforts” (as defined in Rule 902 of Regulation S under the 1933 Act), general solicitation
    or general advertising in violation of the 1933 Act has been or will be used nor will any offers by means of any directed
    selling efforts in the United States be made by the Purchaser or any of their representatives in connection with the offer
    and sale of the Purchased Shares.

 

	 	(d)	General
    Solicitation. Such Purchaser is not purchasing the Shares as a result of any advertisement, article, notice or other communication
    regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented
    at any seminar or any other general solicitation or general advertisement.

 

    	 

     

    

 

	 	(e)	Access
    to Information. Such Purchaser acknowledges that it has reviewed the disclosure materials and has been afforded (i) the
    opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company
    concerning the terms and conditions of the offering of the Shares and the merits and risks of investing in the Shares; (ii)
    access to information about the Company and the Subsidiaries and their respective financial condition, results of operations,
    business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity
    to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that
    is necessary to make an informed investment decision with respect to the investment. Neither such inquiries nor any other
    investigation conducted by or on behalf of such Purchaser or its representatives or counsel shall modify, amend or affect
    such Purchaser’s right to rely on the truth, accuracy and completeness of the Disclosure Materials and the Company’s
    representations and warranties contained in the Transaction Documents.
	 	 	 
	 	(f)	Independent
    Investment Decision. Such Purchaser has independently evaluated the merits of its decision to purchase the Shares pursuant
    to the Agreement, and such Purchaser confirms that it has not relied on the advice of any other Purchaser’s business
    and/or legal counsel in making such decision. Such Purchaser has not relied on the business or legal advice of the Company
    or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such Persons
    has made any representations or warranties to such Purchaser in connection with the transactions contemplated by the Transaction
    Documents.

 

	 	5.	Miscellaneous

 

	 	(a)	Confidentiality.
    The Purchaser covenants and agrees that it will keep confidential and will not disclose or divulge any confidential or
    proprietary information that such Purchaser may obtain from the Company pursuant to financial statements, reports, and other
    materials submitted by the Company to such Purchaser in connection with this offering or as a result of discussions with or
    inquiry made to the Company, unless such information is known, or until such information becomes known, to the public through
    no action by the Purchaser; provided, however, that a Purchaser may disclose such information (i) to its attorneys, accountants,
    consultants, and other professionals to the extent necessary in connection with his or her investment in the Company so long
    as any such professional to whom such information is disclosed is made aware of the Purchaser’s obligations hereunder
    and such professional agrees to be likewise bound as though such professional were a party hereto, (ii) if such information
    becomes generally available to the public through no fault of the Purchaser, or (iii) if such disclosure is required by applicable
    law or judicial order.
	 	 	 
	 	(b)	Successors.
    The covenants, representations and warranties contained in this Agreement shall be binding on the Purchaser’s and
    the Company’s heirs and legal representatives and shall inure to the benefit of the respective successors and assigns
    of the Company. The rights and obligations of this Subscription Agreement may not be assigned by any party without the prior
    written consent of the other party.

 

    	 

     

    

 

	 	(c)	Counterparts.
    This Agreement may be executed in counterparts, each of which shall be deemed an original agreement, but all of which
    together shall constitute one and the same instrument. 
	 	 	 
	 	(d)	Execution
    by Facsimile. Execution and delivery of this Agreement by facsimile transmission (including the delivery of documents
    in Adobe PDF format) shall constitute execution and delivery of this Agreement for all purposes, with the same force and effect
    as execution and delivery of an original manually signed copy hereof.
	 	 	 
	 	(e)	Governing
    Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada
    applicable to contracts to be wholly performed within such state and without regard to conflicts of laws provisions. Any legal
    action or proceeding arising out of or relating to this Subscription Agreement and/or the Offering Documents may be instituted
    in the courts of the State of Nevada sitting in Nevada, and the parties hereto irrevocably submit to the jurisdiction of each
    such court in any action or proceeding. Purchaser hereby irrevocably waives and agrees not to assert, by way of motion, as
    a defense, or otherwise, in every suit, action or other proceeding arising out of or based on this Subscription Agreement
    and/or the Offering Documents and brought in any such court, any claim that Purchaser is not subject personally to the jurisdiction
    of the above named courts, that Purchaser’s property is exempt or immune from attachment or execution, that the suit,
    action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper.
	 	 	 
	 	(f)	Notices.
    All notices, requests, demands, claims and other communications hereunder shall be in writing and shall be delivered by
    certified or registered mail (first class postage pre-paid), guaranteed overnight delivery, or facsimile transmission if such
    transmission is confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed overnight
    delivery, to the following addresses and facsimile numbers (or to such other addresses or facsimile numbers which such party
    shall subsequently designate in writing to the other party):

 

	 	(i)	if
    to the Company:
	 	 	 
	 	 	Rito
    Group Corp.
	 	 	Attn:
    Choi Tak Yin Addy
	 	 	Room
    6C, 4/F, Block C
	 	 	Hong
    Kong Industrial Centre, 
	 	 	489
    Castle Peak Road, Lai Chi Kok, 
	 	 	Hong
    Kong
	 	 	 
	 	(ii)	if
    to the Purchasers: 
	 	 	 
	 	 	To
    the addresses set forth on the signature pages.

 

    	 

     

    

 

	 	(g)
    	Entire
    Agreement. This Agreement (including the Exhibits attached hereto) and other Transaction Documents delivered at the Closing
    pursuant hereto, contain the entire understanding of the parties in respect of its subject matter and supersede all prior
    agreements and understandings between or among the parties with respect to such subject matter. The Exhibits constitute a
    part hereof as though set forth in full above.
	 	 	 
	 	(h)
    	Amendment;
    Waiver. This Agreement may not be modified, amended, supplemented, canceled or discharged, except by written instrument
    executed by the Company and the Purchasers of not less than a majority of the principal amount of the subscription. No failure
    to exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver, nor
    shall any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right,
    power or privilege. No waiver of any breach of any provision shall be deemed to be a waiver of any proceeding or succeeding
    breach of the same or any other provision, nor shall any waiver be implied from any course of dealing between the parties.
    No extension of time for performance of any obligations or other acts hereunder or under any other agreement shall be deemed
    to be an extension of the time for performance of any other obligations or any other acts. The rights and remedies of the
    parties under this Agreement are in addition to all other rights and remedies, at law or equity, that they may have against
    each other.
	 	 	 
	 	(i)	Severability.
    If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability
    of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties
    will attempt to agree upon a valid and enforceable provision that is a reasonable substitute therefore, and upon so agreeing,
    shall incorporate such substitute provision in this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

     

    

 

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

 

	COMPANY:
    	Rito
    Group Corp.
	 	 	 
	 	By:	/s/
    CHOI TAK YIN ADDY
	 	Name:	Choi
    Tak Yin Addy
	 	Title:	Director,
    CEO

 

	PURCHASER:
    	 
	 	Name:
    [Name of Investor]
	 	 
	 	Purchase
    Price: $[Total subscription amount]
	 	Number
    of Shares: [Number of Shares]
	 	 
	 	Address:
    [Address of Investor]
	 	 
	 	Telephone
    & Email:
	 	[Telephone
    & Email of Investor]EX-4.(c)(v)

 Exhibit 4 (c)(v) 

Employment Agreement 
  

between 
 Six Continents Limited 

as Company 
 and 

 
 Keith Barr 

as Executive 
  

relating to 
  

the employment of the Executive with the Company 

 CONTENTS 
  

							
	 1.
	    	 Appointment
	  	 	4	 
			
	 2.
	    	 Duties and Powers
	  	 	5	 
			
	 3.
	    	 Mobility
	  	 	5	 
			
	 4.
	    	 Remuneration
	  	 	5	 
			
	 5.
	    	 Short Term Incentive Schemes
	  	 	6	 
			
	 6.
	    	 Long Term Incentive and Share Schemes
	  	 	6	 
			
	 7.
	    	 Expenses and Gratuities
	  	 	7	 
			
	 8.
	    	 Professional Memberships
	  	 	7	 
			
	 9.
	    	 Company Car
	  	 	7	 
			
	 10.
	    	 Holidays
	  	 	8	 
			
	 11.
	    	 Sickness and Incapacity
	  	 	8	 
			
	 12.
	    	 Notification of Absence
	  	 	9	 
			
	 13.
	    	 Pension
	  	 	9	 
			
	 14.
	    	 Private Medical Insurance
	  	 	9	 
			
	 15.
	    	 Location / Assignment Specific Benefits
	  	 	10	 
			
	 16.
	    	 Exclusive Service
	  	 	10	 
			
	 17.
	    	 Intellectual Property
	  	 	10	 
			
	 18.
	    	 Confidentiality
	  	 	13	 
			
	 19.
	    	 Restrictive Covenants
	  	 	13	 
			
	 20.
	    	 Notification of Restrictions
	  	 	13	 
			
	 21
	    	 Directorships
	  	 	14	 
			
	 22
	    	 Garden Leave
	  	 	14	 
			
	 23
	    	 Termination
	  	 	16	 
			
	 24
	    	 Return of Property
	  	 	18	 
			
	 25
	    	 Disciplinary and Grievance Procedure
	  	 	18	 
			
	 26
	    	 Data Protection
	  	 	18	 
			
	 27
	    	 Notices
	  	 	18	 
			
	 28
	    	 Assignment
	  	 	19	 

  
 2 

							
			
	 29
	    	 Third Party Rights
	  	 	19	 
			
	 30
	    	 Law and Jurisdiction
	  	 	19	 
			
	 31
	    	 Prior Agreements and other employment-related conditions
	  	 	19	 
			
	 32
	    	 Collective Agreements
	  	 	20	 
			
	 33
	    	 Severability
	  	 	20	 
			
	 34
	    	 Miscellaneous
	  	 	20	 
			
	 35
	    	 Interpretation
	  	 	20	 
		
	 SCHEDULE 1
	  	 	23	 

  
 3 

 THIS AGREEMENT is dated 5 May 2017 

and made 
 BETWEEN: 

 

	(1)	 Six Continents Limited, registered in England and Wales as company number 913450 and having its registered office at
Broadwater Park, Denham, Buckinghamshire UB9 5HR (the “Company”); and 

  

	(2)	 Keith Barr (the “Executive”), of Wellington House, 10b Nun’s Walk, Virginia Water, Surrey, GU25
4RT. 

 THE PARTIES AGREE THAT: 
  

	1.	 Appointment 

  

	1.1	 The Company employs the Executive and the Executive agrees to serve the Company and any other Group Company or Group
Companies as required by the Board in the capacity of Chief Executive Officer or in such other capacity as the Board may, from time to time, determine. The Executive’s reward band is 1. 

 

	1.2	 This Agreement commences on 1 July 2017 and shall continue (subject to termination as provided for below) unless
and until terminated by either party giving to the other not less than the following notice period in writing, expiring at any time: 

  

	 	a)	 notice period from the Company to the Executive: 52 weeks; 

 

	 	b)	 notice period from the Executive to the Company: 26 weeks. 

 

	1.3	 The Executive’s period of continuous employment with the Group commenced on 27 July 1992.

  

	1.4	 The Executive warrants that: 

 

	 	1.4.1	 the Executive is not prevented from performing the Executive’s duties in accordance with the terms of this
Agreement by any obligation or duty owed to any other party, whether contractual or otherwise; and 

  

	 	1.4.2	 the Executive has all necessary licences, permissions, consents, approvals, qualifications and memberships required for
the Executive to perform the Executive’s duties under this Agreement and as notified to the Company by the Executive or on his behalf and is not and has not been subject to any prohibition, censure, criticism or disciplinary sanction by any
professional, regulatory or other body or authority which would prevent the Executive from performing any duties under this Agreement or undermine the confidence of the Board in the Employment by the Company. 

 

	1.5	 Employment is conditional upon the following conditions, if required by the Company: 

 

	 	(a)	 the Executive undergoing a medical examination with a medical practitioner nominated by the Company, the results of
which are satisfactory to the Company; 

  
 4 

	 	(b)	 the Executive providing to the Company copies or other verification of all academic, professional or other business
qualifications notified to the Company; and 

  

	 	(c)	 the Executive providing acceptable proof of identity and authorization to work in the United Kingdom as required under
United Kingdom immigration regulations. 

  

	2.	 Duties and Powers 

 

	2.1	 The Executive shall exercise such powers, perform such duties (if any) and comply with such directions in relation to
the business of the Company or any other Group Company as the Board may, from time to time, confer upon or assign or give to him. The Executive shall carry out his duties in a proper, loyal and efficient manner to the best of his ability.

  

	2.2	 The Executive shall, during the continuance of this Agreement (unless prevented by ill health or accident or as
otherwise agreed by the Board in writing), devote the whole of the Executive’s working time and attention and abilities to the Business and shall use the Executive’s reasonable endeavours to promote and protect the general interests and
welfare of the Company, the Group and any other Group Company to which the Executive may, from time to time, render the Executive’s services under this Agreement. 

 

	2.3	 The Executive shall at all times promptly give to the Board (in writing if so requested) all such information,
explanations and assistance as it may require in connection with the Business and the Executive’s employment under this Agreement. 

  

	2.4	 The Executive shall work normal business hours which are 35 hours per week and such additional hours as may be necessary
in the performance of the Executive’s obligations under this Agreement. The nature of the Executive’s job is such that the Executive is largely able to prioritise tasks, determine the time and effort the Executive devotes to those tasks
and when the Executive does them. To the extent the Executive therefore determines the Executive’s working hours outside normal business hours, the additional hours will not count as working time towards the weekly working time limit of 48
hours on average. No overtime will be paid with respect to any hours worked by the Executive outside normal business hours. 

  

	2.5	 The Executive will promptly disclose to the Board full details of any wrongdoing by any employee or officer of any Group
Company (including the Executive) where that wrongdoing is material to that employee’s employment by the relevant company or to the interests or reputation of any Group Company. 

 

	3.	 Mobility 

  

	3.1	 The Executive’s principal place of work may be in such place or places as the Company shall reasonably require. At
the date hereof the Executive’s principal place of work is Broadwater Park, Denham, Buckinghamshire, UB9 5HR. 

  

	3.2	 The Executive may be required to travel both inside and outside the United Kingdom on the business of the Company or any
Group Company in the proper performance of the Executive’s duties from time to time. 

  

	4.	 Remuneration 

  

	4.1	 The Company shall pay to the Executive a salary at the annual rate of GBP 775,000. Such salary shall be payable not less
frequently than every month on a date which will be 

  
 5 

	 	 no later than the last day of the month and shall be deemed to accrue from day to day. Such salary shall include any
director’s fees payable to the Executive. The Company shall be entitled to procure payment of the salary for administrative reasons by another Group Company. 

 

	4.2	 The salary payable to the Executive pursuant to Clause 4.1 shall be subject to review in accordance with the
Company’s practice from time to time but there shall be no obligation on the Company to increase such salary. 

  

	4.3	 The Company shall be entitled at any time to deduct from the Executive’s remuneration (which includes salary,
salary supplement (if any), any bonus, holiday or other pay) any sums owing to it or to any other Group Company (including but not limited to any advance of a cash float to cover business expenses, any advance of pay, or any holiday pay relating to
holiday taken in excess of entitlement) by the Executive, to which deduction the Executive expressly hereby consents. 

  

	5.	 Short Term Incentive Schemes 

 

	5.1	 The Executive may be invited to participate in the Company’s or any Group Company (as appropriate) discretionary
incentive plan or bonus plans applicable from time to time for employees in the Executive’s reward band, subject to the rules of the relevant plan(s) from time to time. Details of the current applicable plan(s) will be provided to the
Executive. Awards are determined solely at the Company’s or any Group Company’s (as appropriate) discretion, to which the Executive hereby agrees. 

  

	5.2	 The Company or any Group Company (as appropriate) reserves the right, in its absolute discretion, to vary the terms
and/or any targets and/or level of bonus opportunity and/or bonus payable, under any incentive plan from time to time in operation or to suspend (for a fixed or indefinite period) or withdraw any such plan without providing any replacement.

  

	5.3	 The Executive acknowledges that during the course of the Employment and on its termination the Executive has no right to
receive a bonus and that the Company is under no obligation to operate a bonus plan and that the Executive will not acquire such a right, nor shall the Company come under such an obligation, merely by virtue of the Executive’s having received
one or more bonus payment(s) or the Company or any Group Company (as appropriate) having operated one or more bonus plan during the course of the Employment. Bonus paid to the Executive in one year shall not result in any guarantee of bonus or any
obligation upon the Company to pay bonus in any subsequent year. 

  

	5.4	 Any bonus paid is not pensionable and is subject to deductions for tax and social security contributions, or any other
deductions which may be required by law. 

  

	6.	 Long Term Incentive and Share Schemes 

 

	6.1	 The Executive may be invited to participate in such share option or other share ownership plans as the Company or the
Group may operate from time to time and which are applicable to employees in the Executive’s reward band, subject to the rules of the relevant plan(s) from time to time. Details of any current applicable plan(s) will be provided to the
Executive. Awards are determined in accordance with the rules of the applicable plan solely at the Company’s or relevant Group Company’s discretion, to which the Executive hereby agrees. 

 

	6.2	 The Company or relevant Group Company reserves the right, in its absolute discretion, to vary the terms of any such plan
or to suspend (for a fixed or indefinite period) or withdraw 

  
 6 

	 	 
any such plan without providing any replacement. 

  

	6.3	 The Executive acknowledges that during the course of the Employment and on its termination the Executive has no right to
receive an award of shares or grant of share options and that the Company or any Group Company is under no obligation to operate such plans and that the Executive will not acquire such a right, nor shall the Company or any Group Company come under
such an obligation, merely by virtue of the Executive’s having received one or more award of shares or grant of share options or the Company or any Group Company having operated one or more such plans during the course of the Employment. On
termination of employment howsoever arising the Executive shall not have any claim for breach of contract in respect of the loss of any rights or benefits under any share option, bonus, long-term incentive plan or other profit sharing scheme
operated by the Company or by any Group Company in which he may participate which would otherwise have accrued during any period of notice to which the Executive is entitled. 

 

	6.4	 Any payment made under this clause is not pensionable and is subject to deductions for tax and social security
contributions, or any other deductions which may be required by law. 

  

	7.	 Expenses and Gratuities 

 

	7.1	 In accordance with Group policy the Company shall pay or refund to the Executive all reasonable travelling,
entertainment and other similar out of pocket expenses necessarily and wholly incurred by the Executive in the proper performance of the Executive’s duties subject to production by the Executive of such evidence of such expenses as the Company
may require. If the Executive is provided with a company credit card or charge card, the Executive shall use it only for such expenses as the Executive is entitled under this sub-clause to have reimbursed by
the Company. 

  

	7.2	 The Executive shall at all times comply with Group policies in force from time to time regarding acceptance of gifts,
gratuities and/or benefits. 

  

	8.	 Professional Memberships 

 

	8.1	 In accordance with and subject to Company policy, and upon prior approval, the Company shall pay for up to two
subscriptions to recognised professional bodies where membership of such professional body is directly related to and required in relation to the Executive’s job from time to time or the Executive’s normal professional skill.

  

	8.2	 Where required, whether by the Company, law, any regulatory organisation or otherwise the Executive should at all times
during the Executive’s employment with the Company maintain the Executive’s membership of such professional, trade or other bodies necessary for the proper performance of the Executive’s duties. 

 

	9.	 Company Car 

  

	9.1	 In accordance with and subject to the rules of the Company Car policy for employees in the reward band which applies to
the Executive, the Company shall, at its option, either: 

  

	 	(a)	 make available to the Executive a motor car (“the Car”) for the Executive’s use or;

  

	 	(b)	 pay the Executive a taxable, non-pensionable car allowance at a level to be
determined by the Company. The allowance will be paid monthly in arrears in the same manner as the Executive’s salary. 

  
 7 

	9.2	 A copy of the relevant car policy shall be provided to the Executive and the Executive is required to comply with its
rules from time to time. The Company reserves the right, in its reasonable discretion, to vary the rules and/or standard of car and/or level of car allowance available to employees in the Executive reward band which applies to the Executive.

  

	10.	 Holidays 

  

	10.1	 The Company’s holiday year is 1 January to 31 December (the “Holiday Year”).

  

	10.2	 In addition to public holidays, the Executive shall be entitled to paid holiday in each Holiday Year in accordance with
the stated policy for the Executive’s reward band in the principal place of work, to be taken at times to be agreed with the Company in advance. Subject to Clause 10.3, no payment will be made for holidays not taken in the Holiday Year in which
they arise, although the Executive may carry forward any unused holiday from one Holiday Year to the next, subject to a maximum of 5 days to be carried forward into the following Holiday Year. 

 

	10.3	 Upon termination of this Agreement the Executive shall be entitled to payment in lieu of any untaken outstanding holiday
entitlement in the Holiday Year during which the Executive’s employment terminates, which entitlement shall accrue on a pro-rata monthly basis. 

 

	10.4	 Upon termination of the Executive’s employment under this Agreement, the Company shall be entitled to deduct from
any sum owed by the Company to the Executive a sum representing overpayment of salary with respect to holiday which the Executive has taken in excess of the Executive’s accrued holiday entitlement calculated on a
pro-rata monthly basis as at the date of the termination of the Executive’s employment and the Executive hereby authorises the Company to make such deduction. 

 

	10.5	 The Company shall be entitled to require the Executive to take all or any part of any accrued untaken holiday
entitlement during the period of notice to terminate the Executive’s employment (including, for the avoidance of doubt, during any period of garden leave pursuant to Clause 22). If the Company exercises this right, the Executive must obtain
agreement prior to the actual days to be taken as holiday. 

  

	11.	 Sickness and Incapacity 

 

	11.1	 When the Executive is absent from work and unable to perform the Executive’s duties under this Agreement
satisfactorily by reason of any injury, illness, incapacity or other reason satisfactory to the Company and subject to compliance with Clause 12, the Executive shall be entitled to receive the Executive’s full salary and other contractual
benefits only for up to the first 26 weeks of any such absence in aggregate in any period of 12 months. Once sick pay under this clause has expired the Executive shall have no further entitlement to sick pay until he has returned to work for a
consecutive period of twelve weeks. 

  

	11.2	 Any salary payable pursuant to this clause shall be inclusive of the amount of any benefit or statutory sick pay to
which the Executive may be entitled during the period of such inability under any local law for the time being in force. 

  

	11.3	 Subject to applicable laws, the Executive shall submit to a medical examination by a doctor appointed by the Company at
the request of the Chief Executive, at the expense of the Company, at any time during the continuance of this Agreement, whether or not the 

  
 8 

	 	 Executive is absent by reason of sickness, injury or other incapacity. The Executive consents to the Company obtaining a
copy of the Executive’s medical records from the Executive’s medical practitioner in circumstances where the Company deems such a step to be required and in all cases, subject to applicable laws. If applicable the Executive further agrees
that the Executive shall authorise the medical practitioner and the Company to discuss further any matters arising from such medical report, diagnosis or prognosis to the extent relevant to the Executive’s employment or the performance of the
Executive’s duties. 

  

	11.4	 If the Executive is absent from work by reason of injuries sustained wholly or partly as a result of actionable
negligence, nuisance or breach of any statutory duty on the part of any third party other than the Company or any Group Company, the Executive shall promptly inform the Executive’s line manager of that fact and the Company in its discretion may
require the Executive to take all reasonable steps to recover from such third party or its insurers compensation including repayment of all sums paid to the Executive by the Company under this clause in respect of such absence (which shall be deemed
to be paid by way of interest free loan by the Company, subject to any limit imposed under relevant legislation). Any such sums (which are paid to the Executive by the Company on that basis) shall in turn be repaid by the Executive when and to the
extent that the Executive recovers compensation for loss of earnings from that third party or its insurers by legal action or otherwise less any reasonable costs incurred in recovering any such compensation. 

 

	12.	 Notification of Absence 

 

	12.1	 If the Executive is unable to come to work for any reason, and the Executive’s absence has not previously been
authorised by the Company, the Executive must notify the Company as soon as practicable and in accordance with the stated policy for the Executive’s reward band in the principal place of work and must keep the Company properly and regularly
informed of their condition and anticipated return to work date. 

  

	13.	 Pension 

  

	13.1	 The Executive has been a member of an applicable Group Company pension scheme (“the Scheme”) and shall
be entitled to continue as a member of such scheme. The Executive acknowledges that neither the Company nor any Group Company shall contribute to such Scheme, without prejudice to the Executive’s accrued rights. 

 

	14.	 Private Medical Insurance 

 

	14.1	 The Executive, the Executive’s spouse and any dependent, unmarried children under age 21 (or 25 if in full time
education) or such older age as required by applicable law, as the case may be, will to the extent eligible (as determined by the Executive’s reward band and any applicable scheme rules) be entitled to participate in and receive benefits under
the private medical insurance plan made available by the Company or relevant Group Company (and any other schemes which the Company or relevant Group Company may provide from time to time) subject to the rules or insurance policies constituting such
schemes from time to time. 

  

	14.2	 A copy of the relevant private medical insurance plans shall be provided to the Executive and the Executive is required
to comply with its rules from time to time. The Company or relevant Group Company reserves the right, in its absolute discretion, to vary the plan or to suspend (for a fixed or indefinite period) or withdraw the plan without providing any
replacement. 

  
 9 

	14.3	 The benefit referred to above is conditional on the relevant insurer accepting cover for the Executive at a premium the
rate of which the Company considers reasonable and accepting liability for any particular claim. In the event that the relevant insurer does not accept cover or liability in respect of the Executive at a premium the rate of which the Company
considers reasonable or any claim by the Executive in respect of the benefits, the Company shall have no obligation to provide any alternative benefit or cover in this regard. The provision of this benefit inclusive shall not restrict the
Company’s ability to terminate the employment for any reason including, without limitation, because the Executive is incapacitated. 

  

	14.4	 In the event that the Executive claims under any insurance scheme referred to in
sub-Clause 14.1 and such claim is rejected by the insurer, the Company or any Group Company shall not be obliged to issue proceedings in relation to such claim. 

 

	15.	 Location / Assignment Specific Benefits 

 

	15.1	 In the event that any special terms apply to the Executive, these are as set out in the Executive’s offer letter
dated . 

  

	16.	 Exclusive Service 

 

	16.1	 The Executive will devote the whole of the Executive’s working time, attention and skill to the Employment.

  

	16.2	 At the request of the Company, the Executive will disclose promptly in writing to the Company all the Executive’s
interests (for example, shareholdings or directorships) in any business whether or not of a commercial or business nature except the Executive’s interests in any Group Company. 

 

	16.3	 Without prejudice to Clause 16.1 above, and subject to Clause 16.4 below, during the Employment the Executive will not
be directly or indirectly engaged or concerned in the conduct of any activity which is similar to or competes with any activity carried on by any Group Company (except as a representative of the Company or with the written consent of the Board) nor,
without the consent of the Company, be or make preparations to be engaged or interested either directly or indirectly in any business or occupation (including any charitable work) other than the business of the Company or its Group Companies.

  

	16.4	 The Executive may not without written consent of the Board hold or be interested in investments which amount to more
than five percent of the issued investments of any class of any one company whether or not those investments are listed or quoted on any recognised Stock Exchange or dealt in on the Alternative Investments Market. 

 

	17.	 Intellectual Property 

 

	17.1	 The Executive acknowledges that: 

 

	 	(i)	 the Executive may make Inventions in the course of the Employment, whether in the Executive’s normal or other
specifically assigned duties; and 

  

	 	(ii)	 the Executive has a special obligation to further the interests of the Group as a whole and of each Group Company.

  

	17.2	 If the Executive makes or is involved in making an Invention during the Employment, the Executive will promptly inform
the Company. The Executive will give the Company 

  
 10 

	 	 sufficient details of any Invention to allow the Company to assess the Invention and to decide whether the Invention
belongs to the Company. The Company will treat any Invention which is notified to it under this Clause 17, but which does not belong to the Company, as confidential. 

“Invention” means any invention within the meaning of the Patents Act 1977 relating to or capable of being used in the
business of any Group Company as carried on from time to time. 
  

	17.3	 If an Invention belongs to the Company, the Executive will act as a trustee for the Company in relation to that
Invention and will, at the request and expense of the Company, do everything necessary to: 

  

	 	(i)	 vest all right, title and interest in the Invention in the Company or its nominee; 

 

	 	(ii)	 secure full patent or other appropriate protection for the Invention anywhere in the world; and 

 

	 	(iii)	 defend the Company’s or its nominee’s rights in the Invention and assist with enforcement anywhere in the
world. 

  

	17.4	 If the Executive creates or is involved in creating any Work during the Employment, the Executive will promptly give the
Company full details of it. 

 “Work” means any idea; method; discovery; computer programme;
semiconductor chip layout; database; drawing; literary work; product, packaging or other design; trade or service mark; logo; domain name or other work (whether registrable or not and whether a copyright work or not and whether hardware, software,
processes or systems) which is not an Invention and which the Executive creates or is involved in creating: 
  

	 	(i)	 in connection with the Executive’s Employment; or 

 

	 	(ii)	 relating to or capable of being used in those aspects of the businesses of the Group Companies in which the Executive is
involved from time to time. 

  

	17.5	 The Executive will at the request and expense of the Company, do everything necessary to: 

 

	 	(i)	 assign to the Company to the extent allowed by law, or will assign, all the Executive’s right, title and interest
in any current or future Work (whether now existing or brought into being in the future); 

  

	 	(ii)	 act as a trustee for the Company in relation to all such Works; and 

 

	 	(a)	 vest all right, title and interest in any Work in the Company or its nominee; 

 

	 	(b)	 secure full registered or unregistered protection for any Work anywhere in the world; and 

 

	 	(c)	 defend the Company’s or its nominee’s rights in any Work and assist with enforcement anywhere in the world.

  
 11 

	17.6	 If the Executive generates any Information or is involved in generating any Information during the Employment the
Executive will promptly give to the Company full details of it and the Executive acknowledges that such Information belongs to the Company. 

“Information” means any idea, method or information, which is not an Invention or Work, generated by the Executive
either: 
  

	 	(i)	 in the course of the Executive’s Employment; or 

 

	 	(ii)	 outside the course of the Executive’s Employment but relating to the business, finance or affairs of any Group
Company. 

  

	17.7	 If the Executive becomes aware of any infringement or suspected infringement of any intellectual property right in any
Invention, Work or Information the Executive will promptly notify the Company in writing. 

  

	17.8	 The Executive will not copy, disclose or make use of any Invention, Work or Information without the Company’s prior
written consent except to comply with this Clause 17 or as necessary for the proper performance of the Executive’s duties. 

  

	17.9	 The Executive acknowledges that for the purpose of the Copyright and Rights in Databases Regulations 1997 (as from time
to time amended, extended or re-enacted) the Company shall be treated as the maker of any such databases, where such database is created by the Executive during the Employment. 

 

	17.10	 So far as permitted by law the Executive irrevocably waives any rights the Executive may have under Chapter IV (Moral
Rights) of Part 1 of the Copyright, Designs and Patents Act 1988 and any foreign corresponding rights in respect of all Works. 

  

	17.11	 Rights and obligations under this Clause 17 will continue after the termination of this agreement in respect of all
Inventions, Works and Information made or obtained during the Employment and will be binding on the personal representatives of the Executive. 

  

	17.12	 The Executive agrees that the Executive will not by the Executive’s acts or omissions do anything which would or
might prejudice the rights of any Group Company under this Clause 17. 

  

	17.13	 Except as necessary in the performance of the Executive’s duties, the Executive will not make copies of any
computer files belonging to any Group Company or their service providers and will not introduce any of the Executive’s own computer files into any computer used by any Group Company. 

 

	17.14	 By entering into this agreement the Executive irrevocably appoints the Company to act on the Executive’s behalf to
execute any document and do anything in the Executive’s name for the purpose of giving the Company (or its nominee) the full benefit of the provision of this Clause 17 or the Company’s entitlement under statute. If there is any doubt as to
whether such a document (or other thing) has been carried out within the authority conferred by this Clause 17.14, a certificate in writing (signed by any director or the secretary of the Company) will be sufficient to prove that the act or thing
falls within that authority. 

  
 12 

	18.	 Confidentiality 

 

	18.1	 As Confidential Information will from time to time become known to the Executive, the Company considers, and the
Executive acknowledges, that the following restraints are necessary for the reasonable protection by the Company of its business or the business of the Group, the customers and trade connections thereof or their respective affairs.

  

	18.2	 The Executive shall not at any time, either during the continuance of or after the termination of the Executive’s
employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information or any Trade Secrets of which the Executive has or may have become possessed during the Executive’s employment with the Company or
supply the names or addresses of any clients, customers, suppliers or agents of the Company or any Group Company to any person except in the proper course of the Business or as authorised in writing by the Board or as ordered by a Court of competent
jurisdiction or as required to be disclosed by any law, regulation, governmental or other official body. 

  

	18.3	 The Executive shall not at any time either during the continuance of or after the termination of the Executive’s
employment with the Company make, other than for the benefit of the Company or any Group Company, any notes or memoranda relating to any matter within the scope of the Business or concerning any of the dealings or affairs of the Company or any Group
Company. 

  

	18.4	 The Executive shall use the Executive’s best endeavours during the continuance of the Employment to prevent the
publication, disclosure or misuse of any Confidential Information and shall not remove, nor authorise others to remove, from the premises of the Company or of any Group Company any Confidential Information except to the extent strictly necessary for
the proper performance of the Executive’s or the other person’s duties to the Company or any Group Company. 

  

	18.5	 The Executive shall promptly disclose to the Company full details of any knowledge or suspicion the Executive has
(whether during or after the Employment) of any actual, threatened or pending publication, disclosure or misuse by any person (including the Executive) of any Confidential Information and shall provide all reasonable assistance and co-operation (at the Company’s expense) as the Company may request in connection with any action or proceedings it or any Group Company may take or contemplate in respect of any such publication, disclosure or
misuse. 

  

	18.6	 This Clause 18 is without prejudice to the Executive’s equitable duty of confidence. 

 

	18.7	 Nothing in this Agreement shall preclude the Executive from making a protected disclosure in accordance with the
provisions set out in the Employment Rights Act 1996 which should be made in accordance with the Company’s Disclosure Procedure. 

  

	19.	 Restrictive Covenants 

 

	19.1	 The provisions of Schedule 1 shall take effect as though part of this Agreement. 

 

	20.	 Notification of Restrictions 

 

	20.1	 The Executive agrees that, in the event of the Executive receiving from any person an offer of employment (whether oral
or in writing and whether accepted or not) either during the continuance of this Agreement or during the continuance in force of all or any of the restrictions set out in Clause 18 and Schedule 1 of this Agreement,
without prejudice 

  
 13 

	 	 
to the Executive’s obligations in relation to confidentiality, the Executive will provide to the person making the offer details of the substance of the restrictions contained in Clauses 18
and Schedule 1. 

  

	21	 Directorships 

 

	21.1	 The Executive shall accept appointment as a director of the Company and of any such Group Company or other company as
the Company may reasonably require in connection with the Executive’s appointment under this Agreement and the Executive shall resign without claim for compensation from office as a director of any such company at any time on request by the
Company, which resignation shall not affect the continuance in any way of this Agreement. The Executive shall immediately account to the Company for any director’s fees or other emoluments, remuneration or payments either receivable or received
by the Executive by virtue of the Executive’s holding office as such director (or waive any right to the same if so required by the Company). 

  

	21.2	 Upon the termination of the Executive’s employment with the Company however arising, and for whatsoever reason, the
Executive shall, upon the request of the Board, resign without claim for compensation (but without prejudice to any claim the Executive may have for damages for breach of this Agreement) from: 

 

	 	(a)	 office as a director of the Company or of any Group Company or of any other company in which the Executive holds a
directorship at the Company’s request; and 

  

	 	(b)	 all offices held by the Executive in any or all of such companies; and 

 

	 	(c)	 all trusteeships held by the Executive of any pension scheme or other trusts established by the Company, any Group
Company or any other company with whom the Executive has had dealings as a consequence of the Executive’s employment by the Company. 

  

	21.3	 Should the Executive fail to resign from office as a director or from any other office or trusteeship in accordance with
Clauses 21.1 or 21.2, either during the Executive’s employment, when so requested by the Company, or on its termination, the Company is hereby irrevocably authorised to appoint a person in the Executive’s name and on the Executive’s
behalf to execute any documents and to do all things required to give effect to the resignation. 

  

	21.4	 Save with the prior agreement in writing of the Company, the Executive shall not, during the continuance of this
Agreement, resign from any office as a director of the Company, any Group Company or of any other company in which the Executive holds a directorship at the Company’s request or do anything that would cause the Executive to be disqualified from
continuing to act as a director. 

  

	22	 Garden Leave 

  

	22.1	 Neither the Company nor any Group Company is under any obligation to provide the Executive with any work. At any time
after notice to terminate the Employment is given by either party, or if the Executive resigns without giving due notice and the Company does not accept the Executive’s resignation, the Company may, at its absolute discretion, require the
Executive to take a period of absence called garden leave (the “Garden Leave  

  
 14 

	 	 
Period”). The provisions of this clause shall apply to any Garden Leave Period. 

  

	22.2	 The Company may require that the Executive will not, without prior written consent of the Board, be employed or
otherwise engaged in the conduct of any activity, whether or not of a business nature, during the Garden Leave Period. Further, if so requested by the Company, the Executive will not: 

 

	 	22.2.1	 enter or attend the premises of the Company or any other Group Company; or 

 

	 	22.2.2	 contact or have any communication with any hotel owner, guest, customer client of the Company or any other Group Company
or other third party with whom the Company or other Group Company has business relations, in each case in relation to the business of the Company or any other Group Company (other than purely social contact); or 

 

	 	22.2.3	 contact or have any communication with any employee, officer, director, agent or consultant of the Company or any other
Group Company in relation to the business of the Company or any other Group Company (other than purely social contact); or 

  

	 	22.2.4	 remain or become involved in any aspect of the business of the Company or any other Group Company except as required by
such companies. 

  

	22.3	 The Company may require the Executive: 

 

	 	22.3.1	 to comply with the provisions of Clause 24; and 

 

	 	22.3.2	 to immediately resign from any directorship, trusteeships or other offices which the Executive holds in the Company, any
other Group Company or any other company where such directorship or other office is held as a consequence or requirement of the Employment, unless the Executive is required to perform duties to which any such directorship, trusteeship or other
office relates in which case the Executive may retain such directorships, trusteeships or other offices while those duties are ongoing. 

  

	22.4	 The Executive hereby irrevocably appoints the Company to be the Executive’s attorney to execute any instrument and
do anything in the Executive’s name and on behalf of the Executive to effect the Executive’s resignation if the Executive fails to do so in accordance with Clause 22.3.2. 

 

	22.5	 During the Garden Leave Period, the Executive will be entitled to receive the Executive’s salary and all benefits
in accordance with the terms of this agreement. Any unused holiday accrued at the commencement of the Garden Leave Period and any holiday accrued during any such period will be deemed to be taken by the Executive during the Garden Leave Period.

  

	22.6	 At the end of the Garden Leave Period, the Company may, at its sole and absolute discretion, pay the Executive salary in
lieu of the balance of any period of notice (less any deductions the Company is required by law to make). 

  

	22.7	 During the Garden Leave Period: 

 

	 	22.7.1	 the Executive shall provide such assistance as the Company or any Group Company may require to effect an orderly
handover of the Executive’s 

  
 15 

	 	 
responsibilities to any individual or individuals appointed by the Company or any Group Company to take over the Executive’s role or responsibilities; 

 

	 	22.7.2	 the Executive may be required to carry out specified duties (consistent with the executive’s skills role and
experience) and shall be available to deal with requests for information, provide assistance, be available for meetings and to advise on matters relating to work (unless the Company has agreed that the Executive may be unavailable for a period); and

  

	 	22.7.3	 the Company may appoint another person to carry out the Executive’s duties in substitution for the Executive.

  

	22.8	 All duties of the Employment (whether express or implied) including without limitation the Executive’s duties of
fidelity, good faith and exclusive service, shall continue throughout the Garden Leave Period save as expressly varied by this Clause 22. The Executive agrees that the exercise by the Company of its rights pursuant to this Clause 22 shall not
entitle the Executive to claim that the Executive has been constructively dismissed. 

  

	23	 Termination 

  

	23.1	 This Agreement and the Executive’s employment with the Company hereunder may be terminated immediately by the
Company without prior notice if the Executive at any time in the reasonable opinion of the Board: 

  

	 	(a)	 commits any act of gross misconduct or gross incompetence or other repudiatory breach of contract; or

  

	 	(b)	 without reasonable excuse and with prior written warning, repeats or continues any misconduct or neglect in the
discharge of the Executive’s duties or other breach of contract (not falling within 23.1(a) above); or 

  

	 	(c)	 has a bankruptcy order made against the Executive or if the Executive makes any arrangement or composition with the
Executive’s creditors or has an interim order made against the Executive pursuant to Section 252 of the Insolvency Act 1986; or 

  

	 	(d)	 is convicted of any criminal offence other than an offence which, in the reasonable opinion of the Board, does not
affect the Executive’s position as an employee of the Company (bearing in mind the nature of the duties in which the Executive is engaged and the capacity in which the Executive is employed); or 

 

	 	(e)	 the Executive is guilty of any bribery, corruption, fraud, dishonesty or any conduct by the Executive’s actions or
omission which, brings or is likely to bring himself or the name or reputation of the Company or any Group Company into serious disrepute or seriously prejudices the interests of the business of the Company or any other Group Company.

 Any delay by the Company in exercising such right to termination shall not constitute a waiver thereof. 

 

	23.2	 In the event of termination pursuant to Clause 23.1, the Company shall not be obliged to make any further payment to the
Executive beyond the amount of any remuneration and payment in lieu of outstanding untaken holiday entitlement actually accrued up to and including the date of such termination, and the Company shall be entitled to deduct from such remuneration any
sums owing to it or to any other Group Company (including but not 

  
 16 

	 	 
limited to any advance of a cash float to cover business expenses, any advance of pay, or any holiday pay relating to holiday taken in excess of accrued entitlement) by the Executive to which
deduction the Executive expressly hereby consents. 

  

	23.3	 In the event of the termination of the Employment of the Executive for whatever reason and whether by notice or in any
other manner whatsoever, the Executive agrees that the Executive will not at any time after such termination represent the Executive as still having any connection with the Company or any Group Company save as a former employee for the purpose of
communicating with prospective employers or complying with any applicable statutory requirements. 

  

	23.4	 In the event that the Executive is incapacitated by ill health, accident or any other cause from performing the
Executive’s duties under this Agreement for a period of 26 weeks or more (whether consecutive or not) in any continuous period of 2 years, then the Company may terminate this Agreement by giving to the Executive six months notice, in writing
expiring at any time (whether or not the Executive remains incapacitated from performing the Executive’s duties under this Agreement) provided always that the Executive shall receive all benefits lawfully due to the Executive under this
Agreement calculated up to the effective date of termination of employment. 

  

	23.5	 Without prejudice to the provisions of Clauses 23.1 and 23.2, the Company may at any time, in its absolute discretion,
lawfully terminate this Agreement with immediate effect without prior notice by notifying the Executive in writing that the Company is exercising its right under this clause 23.5 and that it will make within 28 days a payment to the Executive in
lieu of notice (“Payment in Lieu”) equal to the basic salary only to which the Executive would have been entitled during the period of notice referred to in clause 1.2 at the rate applying at the date of termination (less deductions
for income tax and national insurance contributions and any other deductions the Company is required by law to make). Payment in Lieu will not include any payment of benefits or bonus or any holiday entitlement that would have accrued had the
Executive worked for the Company during the notice period for which the Payment in Lieu is made. 

  

	23.6	 Notwithstanding the provisions of Clause 23.5, at any time prior to the Executive acquiring indefinite leave to remain
in the United Kingdom (or equivalent) and in the event of a change of control of IHG, where the Company terminates this Agreement for any reason other than those set out in Clause 23.1 and, where the Company does not wish the Executive to work his
notice period as Chief Executive Officer or in such other capacity as the Company may determine, the Company will not, unless otherwise requested by the Executive, exercise its rights under clause 23.5 and will require the Executive to provide such
services as notified by the Company to the Executive for a period of 12 months up to the date of termination of employment, save that: 

(a) the Executive shall be paid a salary equal to the basic salary only to which the Executive would have been entitled during the
period of notice referred to in Clause 1.2 at the rate applying at the date of termination (less deductions for income tax and national insurance contributions and any other deductions the Company is required by law to make). 

(b) the Executive will not be entitled to, and waives all and any right to any payment of all incentives, benefits and/or bonus or any
holiday entitlement, other than such healthcare insurance as may be in place at that time, during the period of 12 months up to the date of termination of employment; and 

  
 17 

 (c) the Company shall be entitled to solicit for hire and hire a replacement for the role
of Chief Executive Officer at any time during such transitional period. 
  

	23.7	 As a condition to making the payments and providing the benefits stated in Clause 22.5, or in Clauses 23.5 or 23.6, the
Company may require the Executive to execute and deliver a general release in which he (i) releases all claims that he may have in respect of his employment against any Group Company and any of their respective past or present officers,
directors or employees other than his rights under Clauses 22.5, 23.5 and 23.6 of this Agreement or another agreement into which he and the Company subsequently enter and (ii) covenants that he has not filed and will not file any civil action,
suit, arbitration, administrative charge, or legal proceeding against any of the released parties in respect of the released claims. 

  

	24	 Return of Property 

 

	24.1	 Immediately on request and in any event upon the termination of the Executive’s employment with the Company for
whatsoever cause, the Executive shall immediately deliver up to the Company or its authorised representative any property of the Company or any other Group Company which may be in the Executive’s possession, custody or under the
Executive’s control, including, without limitation and where relevant, the Car, the car keys, laptop, mobile telephone, electronic organiser, wireless devices, minutes, memoranda, correspondence, notes, records, reports, sketches, plans or
other documents or writing (which shall include information recorded or stored in writing or on magnetic tape or disk or otherwise recorded or stored for reproduction whether by mechanical or electronic means and whether or not such reproduction
will result in a permanent record being made) and any copies thereof, whether or not the property was originally supplied to the Executive by the Company or any other Group Company. 

 

	24.2	 If so requested, the Executive shall provide to the Company a signed statement confirming that the Executive has fully
complied with Clause 24.1. 

  

	25	 Disciplinary and Grievance Procedure 

 

	25.1	 The Executive’s employment is subject to the disciplinary and grievance rules and procedures of the Company from
time to time. The Company’s disciplinary and grievance procedures do not form part of the Executive’s contractual terms and conditions of employment. 

 

	26	 Data Protection 

 

	26.1	 The Executive consents to the Company and any other Group Company holding and processing, both electronically and
manually, the data it collects in relation to the Executive, in the course of the Executive’s employment, for the purposes of the Company’s administration and management of its employees and its business and for compliance with applicable
procedures, laws and regulations and to the transfer, storage and processing by the Company or any other agent of such data outside, to and in, the European Economic Area, and in particular to and in the United States and any other country in which
the Company or any other Group Company has offices. 

  

	27	 Notices 

  

	27.1	 Any notice to be given under this Agreement shall be given in writing and may be sent, addressed in the case of the
Company to its registered office for the time being and in the 

  
 18 

	 	 
case of the Executive to the Executive at the Executive’s last known place of residence or given personally and any notice sent by post shall be deemed to have been served at the expiration
of 48 hours after the same was posted. 

  

	28	 Assignment 

  

	28.1	 The benefit of each agreement and obligation of the Executive under this Agreement may be assigned to and enforced by
all successors or assigns for the time being carrying on the Business and such agreements and obligations shall operate and remain binding notwithstanding the termination of the employment of the Executive. 

 

	29	 Third Party Rights 

To the extent permitted by law, no person other than the parties to this agreement and any Group Company shall have the right to enforce
any term of this agreement under the Contracts (Rights of Third Parties) Act 1999. For the avoidance of doubt, save as expressly provided in this clause the application of the Contracts (Rights of Third Parties) Act 1999 is specifically excluded
from this Agreement, although this does not affect any other right or remedy of any third party which exists or is available other than under this Act. 
  

	30	 Law and Jurisdiction 

 

	30.1	 English law 

This Agreement shall be governed by, and construed in accordance with, English law. 

 

	30.2	 Jurisdiction 

In relation to any legal action or proceedings arising out of or in connection with this Agreement (“Proceedings”),
each of the parties irrevocably submits to the exclusive jurisdiction of the English courts and waives any objection to Proceedings in such courts on the grounds of venue or on the grounds that Proceedings have been brought in an inappropriate
forum. 
  

	31	 Prior Agreements and other employment-related conditions 

 

	31.1	 Without prejudice to the terms of the Executive’s offer letter dated 5 May 2017 from the Chairman of
InterContinental Hotels Group PLC, Patrick Cescau, setting out the principal terms of the Executive’s Employment, such terms being incorporated by reference herein, this Agreement shall be in substitution for any other subsisting offer letter,
agreement, service agreement or contract of employment (oral or otherwise) made between the Company and the Executive or between any other Group Company and the Executive and where any inconsistency exists between this Agreement and any other
document, the terms of this Agreement shall prevail. 

  

	31.2	 The Executive’s employment is subject to the Company’s non-contractual
rules, policies and procedures which apply for the Executive’s location. If there is any conflict between the non-contractual rules, policies and procedures from time to time and the Executive’s
contractual terms and conditions, the contractual terms and conditions shall prevail. 

  

	31.3	 The Executive warrants and agrees that the Executive is not entering into this Agreement in reliance on any
representation not expressly set out in this Agreement. 

  
 19 

	32	 Collective Agreements 

 

	32.1	 There are no collective agreements currently in force which affect directly or indirectly the terms and conditions of
the Executive’s employment. 

  

	33	 Severability and Amendments 

 

	33.1	 If any provision of this Agreement or of a clause hereof, or of any part of Schedule 1 is determined to be illegal or
unenforceable by any court of law or any competent governmental or other authority, but would be valid if part of their wording were deleted, such clause shall be severable and enforceable and will apply with such deletion as may be necessary to
make it valid or effective. The parties shall negotiate in good faith to replace any such illegal or unenforceable provisions with suitable substitute provisions which will maintain as far as possible the purposes and the effect of this Agreement.

  

	33.2	 This Agreement may only be modified by the written agreement of the parties. 

 

	34	 Miscellaneous 

  

	34.1	 The Company may withhold from any amounts payable under this Agreement any applicable withholding in respect of any
applicable taxes and/or social security as appropriate. 

  

	35	 Interpretation 

 

	35.1	 In this Agreement: 

“Affiliate” means, in respect of any company, a company which is its subsidiary, subsidiary undertaking or holding
company, or a company which is a subsidiary or subsidiary undertaking of that holding company. 
 “the Board” means
the Board of Directors of IHG (or Six Continents Limited as the context may require) or the Directors present at a duly convened meeting of the Directors at which a quorum is present and acting throughout or a duly authorised committee of the Board
or any person designated by the Board for the purpose or for general employment matters. 
 “the Business” means
(taken together) the business of IHG and the business of any other Group Company with which the Executive is required by the Board under Clause 2 to be concerned. 

“Confidential Information” means confidential information (which may include commercially sensitive information)
relating to the business of the Company or any Group Company or any of their respective customers or their affairs and which includes but is not limited to Trade Secrets, ideas, inventions, business methods, business practices and processes,
finances, prices, costs, financial marketing/development/manpower plans, strategy documents or intentions, products/product specifications, confidential emails/letters/memos, marketing and promotion of products, packages or offers, names and
addresses and other details of suppliers, customers, agents of the Company or any Group Company, computer systems and software, information relating to employees, know-how or other matters connected with the
products or services manufactured, marketed, provided or obtained by the Company or any Group Company or their respective customers. 

“Employment” means the employment governed by this Agreement; 

  
 20 

 “Group” means the Company and any Affiliate of the Company and
“Group Company” shall be construed accordingly. 
 “IHG” means InterContinental Hotels Group PLC.

 “month” means a calendar month. 

“Trade Secrets” means trade secrets, and information of such a highly confidential nature as to require the same
treatment as trade secrets, of IHG or any Group Company or any supplier, customer, or agent of the Company or any Group Company. 
  

	35.2	 In this Agreement, where the context admits: 

 

	 	(a)	 words and phrases the definitions of which are contained or referred to in the Companies Act 2006 shall be construed as
having the meanings so attributed to them; 

  

	 	(b)	 references to any statute or statutory provisions include a reference to those provisions as amended or re-enacted or as their application is modified by other provisions from time to time and any reference to a statutory provision shall include any subordinate legislation made from time to time under that provision;

  

	 	(c)	 references to a “person” include any individual, company, body corporate, corporation sole or
aggregate, government, state or agency of a state, firm, partnership, joint venture, association, organisation or trust (in each case, whether or not having separate legal personality and irrespective of the jurisdiction in or under the law of which
it was incorporated or exists) and a reference to any of them shall include a reference to the others; 

  

	 	(d)	 any reference to “writing” shall include typewriting, printing, lithography, photography, telex,
facsimile and the printed out version of a communication by electronic mail and other modes of representing or reproducing words in a legible form; 

  

	 	(e)	 words denoting the singular shall include the plural and vice versa; 

 

	 	(f)	 the employment of the Executive are references to the employment by the Company whether or not during the continuance of
this Agreement; and 

  

	 	(g)	 the masculine gender shall be deemed to include the feminine gender. 

 

	35.3	 Headings are inserted for convenience only and shall not affect the construction of this Agreement.

  
 21 

 IN WITNESS whereof this Agreement has been entered into the day and year first above written. 

 

			
	 SIGNED by
	  	 )

		
	 for and on behalf of
	  	 )

	 the Company
	  	 )

	 in the presence of:
	  	 )

		
	 Signature:
	  	 /s/ George Turner

		
	 Name: G. Turner
	  	

 Address: Broadwater Park, Denham, Buckinghamshire, UB9 5HR 
  

 
  

			
	 SIGNED AS A DEED
	  	 )

	 and DELIVERED
	  	 )

	 by the Executive in the
	  	 )

	 presence of:
	  	 )

		
	 Signature:
	  	
		
	 Name: Keith Barr
	  	 /s/ Keith Barr

  
  

Address: Wellington House, 10b Nun’s Walk, Virginia Water, Surrey, GU25 4RT 

  
 22 

 SCHEDULE 1 
  

	1.	 1.1 In this Schedule 1 the expressions below have the meaning ascribed to them respectively below:

 “Competing Enterprise” shall mean (a) any person, corporation, partnership, venture or
other entity (“entity”) which engages either (i) in the business of managing, franchising, running, leasing, owning or joint venturing at least 50 hotels, or (ii) in the business of any online booking agency in respect of hotel
rooms (“hotel booking”) and in the case of (i) and (ii) the entity’s shares are publicly traded and such entity has a market capitalisation of not less than one billion pounds sterling (for these purposes “market
capitalisation” shall be the aggregate market value of the ordinary shares of the entity) and (b) any Competitor; 

“Competitor” shall mean any of the following companies and/or any of their holding companies or subsidiaries from time
to time (both as defined in the Companies Act 2006): 
  

	 	(i)	 Accor SA 

  

	 	(ii)	 Hilton Worldwide 

  

	 	(iii)	 Marriott International, Inc. 

 

	 	(iv)	 Global Hyatt Corporation 

  

	 	(v)	 Choice Hotels International, Inc. 

 

	 	(vi)	 Wyndham Worldwide Corporation 

 

	 	(vii)	 Four Seasons Holdings, Inc. 

  

	 	(viii)	 Jin Jiang International Holdings Co., Ltd. 

 

	 	(ix)	 Shangri-La International Hotel Management, Ltd. 

 

	 	(x)	 Whitbread PLC, 

  

	 	(xi)	 Expedia, Inc., 

  

	 	(xii)	 AirBnB, lnc 

  

	 	(xiii)	 The Priceline Group, Inc 

“Garden Leave Period” has the meaning given in Clause 22 of the Agreement above; 

“Key Person” shall mean any person who was a band 4 level or above employee of the Company or any other Group Company
(including for this purpose any General Manager of any hotel owned or managed by the Company or any other Group Company) and with whom the Executive had material contact or dealings in performing the duties of the Employment at any time during the
period of 12 months ending on the Termination Date; 
 “Relevant Period” shall mean the period of twelve months
beginning with the Termination Date but reduced by one day for each day of (i) a Garden Leave Period or, (ii) the period 

  
 23 

 
where the Company has required the Executive to provide services pursuant to Clause 23.6; 

“Restricted Activities” shall mean executive, managerial, directorial, administrative, strategic, business development
or supervisory responsibilities and activities relating to any or all aspects of hotel ownership, hotel management, hotel franchising, hotel running, hotel leasing, hotel joint-venturing or hotel booking (as defined above); 

“Termination Date” shall mean the date on which the Employment terminates. 

1.2 The Executive agrees that during the Relevant Period the Executive will not without the prior written consent of the Company: 

 

	 	(i)	 become associated with or engage in any Restricted Activities in respect of any Competing Enterprise, whether as
officer, director, employee, principal, partner, agent, executive, independent contractor or shareholder (other than as a holder of not in excess of 5% of the outstanding voting shares of any publicly traded company) in competition with any business
of the Company or any other Group Company being carried on by the Company or any other Group Company at the Termination Date but excluding (a) any association or engagement which solely relates to Restricted Activities which the Executive had
undertaken or had been involved in to a material extent in the course of the Employment at any time during the period of 12 months ending on the Termination Date, or (b) the Executive’s employment by a unit of a Competing Enterprise which
unit is not itself engaged in hotel ownership, hotel management, hotel franchising, hotel running, hotel leasing, hotel joint-venturing or hotel booking (as defined above), so long as the Executive’s duties and responsibilities with respect to
such employment are limited to the business of such unit, or (c) the Executive’s employment by an entity which includes a Competing Enterprise where such Competing Enterprise produces revenues that account for less than 5% of the gross
revenues of the entity and performing services for such Competing Enterprise is not a material part of the Executive’s responsibilities; and 

  

	 	(ii)	 either on his own behalf or for or with any other person, whether directly or indirectly, solicit or induce or attempt
to solicit or induce any Key Person to leave the employ of the Company or any other Group Company whether or not such person would commit any breach of his contract of employment by leaving the service of the Company or any other Group Company; and

  

	 	(iii)	 either on his own behalf or for or with any other person, whether directly or indirectly, interfere with or try to
terminate or reduce the level of supplies (whether of products and/or services) by a supplier to the Company or any other Group Company provided the Executive was concerned or involved to a material extent with the supply of products or services by
that supplier to the Company or a Group Company in the course of the Employment at any time during the 12 months period ending on the Termination Date. 

  
 24 

 1.3 The Executive agrees that each of the paragraphs contained in sub-clause 1.2 of this Schedule 1 constitute an entirely separate and independent covenant on the Executive’s part and the validity of one paragraph shall not be affected by the validity or unenforceability of
another. 
 1.4 The Executive agrees that the Executive will at the request and cost of the Company enter into a direct agreement or
undertaking with any Group Company whereby the Executive will accept restrictions and provisions corresponding to the restrictions and provisions contained in sub-clauses 1.2 of this Schedule 1 (or such of
them as may be reasonable and appropriate in the circumstances) in relation to such activities and such areas and for such a period as such company may reasonably require for the protection of its legitimate interests but provided that the duration
of such restrictions and provisions are no greater than the Relevant Period. 
 1.5 The Executive agrees that having regard to the
facts and matters set out above the restrictive covenants contained in this Schedule 1 are necessary for the protection of the business and confidential information of the Company and other Group Companies. 

1.6 The Executive and the Company agree that while the restrictions imposed in this Schedule 1 are considered necessary for the
protection of the Company and other Group Companies it is agreed that if any one or more of such restrictions shall either taken by itself or themselves together be adjudged to go beyond what is reasonable in all the circumstances for the protection
of the Company’s or any Group Company’s legitimate interest but would be adjudged reasonable if any particular restriction or restrictions were deleted or if any part or parts of the wording thereof were deleted, restricted or limited in a
particular manner then the said restrictions shall apply with such deletions, restrictions or limitations as the case may be. 
 1.7
Any termination of the Employment or of this Agreement (or breach of this Agreement by the Executive or the Company) shall have no effect on the continuing operation of this Schedule 1. 

1.8 The parties hereto acknowledge that the potential restrictions on the Executive’s future employment imposed by this Schedule 1
are reasonable in both duration and geographic scope and in all other respects. 
 1.9 The parties agree that this Agreement would not
have been entered into and the benefits described in the Agreement would not have been promised in the absence of the Executive’s promises under this Schedule 1. 

  
 25

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