Document:

EX-10.4

 Exhibit 10.4 

THIS OFFER OF EMPLOYMENT (the “Agreement”) is dated the 5th day of July 2011, between Jaded Pixel Technologies Inc.
(the “Company”) and Craig Miller (the “Employee”) and remains valid until the 8th day of July 2011. 

The Company and the Employee desire to enter into this Agreement to set forth the definitive terms and conditions of the employment of the
Employee at the position of Vice President Marketing. 
 In consideration of the foregoing and the mutual agreements contained herein (the
receipt and adequacy of which are acknowledged), the parties agree as follows: 
 ARTICLE 1 

INTERPRETATION 
 Section 1.1
Definitions. 
 In this Agreement, unless the context otherwise requires, the following terms shall have the following meanings: 

“Business” shall mean the e-commerce platform software business carried on by the Company. 

“Business Day” means a day other than a Saturday, Sunday, statutory holiday or other day on which banks are generally closed
in Ottawa, Ontario, Canada. 
 “Cause” shall mean any act or omission of the Employee that would in law permit an employer
to, without notice or payment in lieu of notice, terminate the employment of an employee. 
 “Effective Date” shall mean the
1st day of September 2011. 
 “Position” means the Employee’s position within the Company as set out in Section 2.1
below. 
 “Stock Option Plan” means any stock option plan which may be adopted by the Company, as amended from time to time,
providing among others, employees of the Company with the opportunity through stock options to acquire a proprietary interest in the Company. 

Section 1.2 Entire Agreement. 
 This
Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof and supercedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the
parties hereto and there are no warranties, representations or other agreements between the parties in connection with the subject matter hereof except as specifically set forth herein; provided, however, that nothing contained herein shall
supercede any agreement among the Company and its 

 
shareholders relating to the ownership, restrictions on transfer, and other rights relating to the ownership of shares in the capital of the Company. For greater certainty, any and all existing
agreements between the Company and the Employee in respect of the Employee’s employment with or provision of services to the Company, are terminated, replaced and superceded by this Agreement 

Section 1.3 Extended Meanings. 
 In
this Agreement, words importing the singular shall include the plural and vice versa and words importing gender shall include all genders. 

Section 1.4 Headings. 
 The division
of this Agreement into articles and sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. 

Section 1.5 References. 
 References
to a specific article or section shall be construed as references to that specified article or section of this Agreement, unless the context otherwise requires. 

Section 1.6 Business Day. 
 Whenever
any payment to be made or action to be taken under this Agreement is required to be made or taken on a day other than a Business Day, such payment shall be made or action taken on the next Business Day following. 

Section 1.7 Currency. 
 All dollar
amounts referred to in this Agreement are in Canadian funds. 
 ARTICLE 2 

EMPLOYMENT 
 Section 2.1
Employment. 
 The Company hereby acknowledges the employment of the Employee, and the Employee acknowledges acceptance of employment in
the Position of Vice President Marketing, on the terms and conditions contained herein as of and with effect from the Effective Date. During the term of this Agreement, the Employee shall report to the Chief Executive Officer of the Company (the
“CEO”). The Employee acknowledges that the duties of the Employee set out in Section 2.3 herein, may be reasonably amended or added to by the Company from time to time. 

Section 2.2 Term and Termination. 

This Agreement and the Employee’s employment hereunder shall commence on the Effective Date and shall continue for an indefinite period,
subject to termination in accordance with the terms and conditions set forth in Section 3.1 of this Agreement. 

  
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 Section 2.3 Duties. 

During the term of this Agreement, the Employee shall: 
  

	 	(a)	well and faithfully serve the Company and carry out those responsibilities as are necessary or incidental to perform the functions associated with the Position, such as setting up and managing a marketing team primarily
based in Toronto, as well as such other duties assigned to the Employee pursuant to Section 2.1 above; 

  

	 	(b)	devote his full time, skill, experience and attention to carry out the responsibilities consistent with the Position; and 

  

	 	(c)	not incur any debt, liability or obligation, or enter into any contract or agreement for, or on behalf of, or in the name of the Company except in the ordinary course of business unless duly authorized by the Company.

 Section 2.4 Remuneration. 

As compensation for the performance by the Employee of his duties hereunder: 

 

	 	(a)	Commencing on the Effective Date, the Employee’s base salary (the “Base Salary”) shall be Cdn$135,000 per annum, payable in equal bi-monthly instalments in arrears, less those deductions,
withholdings or contributions which are required by law. In addition, the Employee will be eligible to receive variable compensation of Cdn$50,000 per annum (pro-rated during the first year based on effective date), 50% of which will be paid
quarterly and tied to the achievement of mutually agreed upon quarterly objectives and 50% of which will be tied to the achievement of overall Company performance targets. The base salary and variable compensation will be reviewed annually by the
CEO. 

  

	 	(b)	Subject to approval by the board of directors of the Company, the Company hereby grants to the Employee options to purchase up to 120,784 common shares in the capital of the Company (equivalent to 1% of all outstanding
shares, on a fully diluted basis) at an exercise price based on the fair market value of the-common shares as at the date of the grant as determined by the board of directors of the Company (the “Options”). The Options shall be
granted in accordance with the terms and conditions of the Stock Option Plan including, without limitation, the vesting schedule commencing as of July 8, 2011. 

 

	 	(c)	The Employee, at the sole discretion of the board of directors, may also participate in any other commission, bonus, profit sharing or equity programs in place from time to time for the benefit of the employee and/or
senior executives of the Company. 

  
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	 	(d)	The Employee shall be entitled to participate in all of the benefit plans for executives of the Company in effect from time to time, including medical, dental, and group life and disability benefit plans, as of and with
effect from the Effective Date. 

 Section 2.5 Option Acceleration 

In the event of a Change in Control (as that term is defined in the Stock Option Plan), and not withstanding the vesting provisions of the
Options or the Stock Option Plan, the vesting of the Options described in section 2.4(b) above shall be accelerated by a period of 12 months. 

Section 2.6 Signing Bonus. 
 As a
further incentive to accept this offer, the Company will pay the Employee a Cdn$50,000 signing bonus less those deductions, withholdings or contributions which are required by law. This bonus shall be paid in two equal instalments, the first one
within 15 days of commencement of employment and the second Cdn$25,000 on November 30, 2011. If the Employee voluntarily ceases employment during the first 12 months of employment, the Employee agrees to fully reimburse the Company for these
amounts. 
 Section 2.7 Expenses. 

The Company shall reimburse the Employee for all out-of-pocket expenses reasonably and properly incurred by the Employee in connection with his
duties hereunder (including, but not limited to, phone, travel, and lodging expenses while commuting between Toronto and Ottawa), provided that the Employee shall first furnish to the Company statements and vouchers for all such reasonable expenses.

 ARTICLE 3 

TERMINATION 
 Section 3.1
Termination. 
 The employment of the Employee hereunder may be terminated by either the Company or the Employee, as the case may be,
exercised by notice in writing at any time upon the happening of any of the following events, in which event the Employee’s employment shall terminate upon the date specified in such notice (“Termination Date”): 

 

	 	(a)	by the Company for Cause, without advance notice or payment in lieu thereof; 

  

	 	(b)	by the Company, without Cause, by providing to the Employee: 

  

	 	(i)	either: 

  

	 	(A)	advance notice representing the Applicable Notice Period; or 

  
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	 	(B)	a lump sum representing the Base Salary payable to the Employee during the Applicable Notice Period payable as of the Termination Date; 

Where, for purposes hereof, “Applicable Notice Period” means a period of three (3) months plus one
(1) additional month for each complete calendar year of service performed by the Employee pursuant hereto, up to a maximum Applicable Notice Period of six (6) months; 
  

	 	(ii)	the value of the unused accrued vacation leave with pay; 

  

	 	(iii)	to the extent permitted under the terms of the Company’s benefits plans, continuation of existing benefit coverage for the Applicable Notice Period; 

 

	 	(iv)	all eligible bonuses and commissions, if any, payable in accordance with and subject to the terms and conditions of such commissions plans or policies; and 

 

	 	(c)	by the Employee, by delivering four (4) weeks written prior notice of his resignation to the Company, provided that anytime after receipt of a termination notice delivered by the Employee, the Company may inform
the Employee that he is no longer required to actively attend at the Company’s offices, 

 provided that this Agreement shall
automatically terminate without notice of any kind whatsoever upon the death of the Employee. The payments referred to in paragraph (b) above are inclusive of all termination notice or severance pay requirements of the Employment Standards
Act, 2000 (Ontario) (the “ESA”). To the extent that the payments referred to in paragraph (b) above are less than the minimum payments required by the ESA in respect of a termination without Cause, the Company shall make
such additional payments as may be necessary to meet such minimums. 
 The Company may deduct from any payment due to the employee under this
Section 3.1, any amount then owed by the Employee to the Company, and this Agreement shall be the Employee’s written authorization for the Company to do so. It is agreed that the payment by the Company of any balance owing to the Employee
following any such deduction shall be in full satisfaction of all obligations of the Company under this Section 3.1. 
 The Employee agrees that if the
Employee is unable, due to any reason beyond the control of the Employee or the Company, to perform the Employee’s duties as an employee of the Company for a period in excess of ninety (90) consecutive business days and, for reasonable
business purposes, the Company appoints a person to the position held by the Employee at the time of his said inability, then, when and if the Employee informs the Company that he is able to return to perform his duties as an employee of the
Company, provided that the return to work occurs before the expiration of a period of twenty-six (26) weeks following the date of 

  
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the beginning of the absence, the Company will make all reasonable commercial efforts to provide the Employee with as comparable a position as is available at that time at a base remuneration of
not less than the Employee’s base salary at the time of his said inability, and other remuneration comparable to the Employee’s variable compensation at the time of the onset of said inability. If the Company, in good faith, complies with
its obligations hereunder and the Employee refuses the position offered, such refusal shall be deemed for all purposes to be a resignation of employment 

Section 3.2 Release. 
 Each of the
Company and the Employee confirm that the provisions of section 3.1(b) are reasonable and the total amount payable as outlined therein is an amount which has been agreed between them to be payable hereunder and is a reasonable estimate of the
damages which will be suffered by the Employee in the event of a termination without Cause and shall not be construed as a penalty. The Employee agrees to accept the payment provided for in section 3.1(b) in full satisfaction of any and all claims
he has or may have against the Company in respect of his employment with the Company and the termination thereof, and the Employee agrees that any payment referred to in section 3.l (b) (to the extent applicable thereto, only to the extent such
amounts are over and above the minimum payments required by the ESA) shall be conditional upon the Employee delivering a full and final release of all claims in favour of the Company. 

ARTICLE 4 
 CONFIDENTIAL
INFORMATION AND 
 INTELLECTUAL PROPERTY 

Section 4.1 Company Information. 

The Employee shall at all times during the term of his employment and thereafter hold in strictest confidence, and shall not use, except as
required in connection with the Employee’s work for the Company, or disclose to any person, firm or corporation, without the written authorization of an officer of the Company, any trade secrets, confidential knowledge, data or other
proprietary information of the Company. By way of illustration and not limitation, such shall include information relating to products, processes, know-how, designs, formulas, source code, object code, programs, methods, samples, developmental or
experimental work, improvements, discoveries, plans for research, new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers, and information regarding the
skills and compensation of other employees of the Company. The Employee must obtain the Company’s written approval before publishing or submitting for publication any material (written, verbal or otherwise) that relates to his work at the
Company and/or incorporates any confidential or proprietary information of the Company. 
 Section 4.2 Former Employer Information. 

The Employee will not, during his employment with the Company, improperly use or disclose any proprietary information or trade secrets of his
former or concurrent employers or 

  
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companies, if any, and the Employee ill not bring onto the premises of the Company any unpublished documents or any property belonging to his former or concurrent employers or companies unless
consented to in writing by said employers or companies. The Employee will use in the performance of his duties only information which is generally known and used by persons with training and experience comparable to that of the Employee, which is
common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. 

Section 4.3 Third Party Information. 

The Employee recognizes that the Company has received and in the future will receive confidential or proprietary information from third parties
subject to a duty on the Company’s part to maintain the confidentiality of such information and, in some cases, to use it only for certain limited purposes. The Employee agrees that he owes the Company and such third parties, both during the
term of his employment and thereafter, a duty to hold and will so hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation (except in a manner that is consistent with
the Company’s agreement with the third party) or use it for the benefit of anyone other than the Company or such third party (consistent with the Company’s agreement with the third party), unless expressly authorized to act otherwise by an
officer of the Company. 
 Section 4.4 Inventions and Original Works Assigned to the Company. 

The Employee will make prompt written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby
assigns to the Company all of the Employee’s rights, title and interest in and to any ideas, inventions, original works of authorship, developments, improvements or trade secrets relating to the business of the Company which the Employee may
solely or jointly conceive or reduce to practice, or cause to be conceived or reduced to practice, during the period of and in the course of the Employee’s employment with the Company. 

The Employee recognizes that this Agreement does not require assignment of any invention which he has developed entirely on the
Employee’s own time without using the Company’s trade secret information except for those inventions that either: 
  

	 	(a)	relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of the Company; or, 

 

	 	(b)	result from any work performed by the Employee for the Company. 

 The Employee acknowledges
that all original works of authorship which are made by the Employee (solely or jointly with others) within the scope of his employment and which are protectable by copyright are works made “in the course of employment” within the meaning
of the Copyright Act of Canada (Section 13(3)) or are “works made for hire,” as that term is defined in the United States Copyright Act (17 U.S.C., Section 101) and belong to the 

  
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Company. The Employee hereby further waives any moral rights he may otherwise claim on such works of authorship and copyright. 

Section 4.5 Obtaining Patent, Copyright Registrations and Other Protections. 

The Employee will assist the Company in every proper way to obtain and enforce Canadian, United States and foreign proprietary rights relating
to any and all inventions, original works of authorship, developments, improvements or trade secrets of the Company in any and all countries. To that end, the Employee will execute, verify and deliver such documents and perform such other acts
(including appearing as a witness) as the Company may reasonably request for use in applying for, obtaining, evidencing, sustaining and enforcing or to perfect such proprietary rights and the assignment thereof. In addition, the Employee will
execute, verify and deliver assignments of such proprietary rights to the Company or its designee. The Employee’s obligation to assist the Company with respect to proprietary rights in any and all countries shall continue beyond the cessation
for any reason whatsoever of his employment, but the Company shall compensate the Employee at a reasonable rate after his employment ceases for the time actually spent by the Employee at the Company’s request on such assistance. 

In the event the Company is unable for any reason, after reasonable effort, to secure the Employee’s signature on any document needed in
connection with the actions specified in the preceding paragraph of this Section 4.5, the Employee hereby irrevocably designates and appoints the Company and its officers and agents as his agent and attorney-in-fact, to act for and in his
behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of the preceding paragraph with the same legal force and effect as if executed by the Employee. The Employee hereby waives and
quitclaims to the Company any and all claims of any nature whatsoever which the Employee now or may hereafter has for infringement of any proprietary rights assigned to the Company. 

Section 4.6 Obligation to Keep the Company Informed. 

In addition to the Employee’s obligations under sections 4.4 and 4.5 above, during the period of the Employee’s employment and for
six (6) months after cessation of the Employee’s employment for any reason whatsoever, the Employee will promptly disclose to the Company fully and in writing all patent applications filed by the Employee or on his behalf. At the time of
each such disclosure, the Employee will advise the Company in writing of any inventions that the Employee believes are not inventions and original works assigned to the Company and the Employee will at that time provide to the Company in writing all
evidence necessary to substantiate that belief. The Employee understands that the Company will keep in confidence and will not disclose to third parties without the Employee’s consent any proprietary information disclosed in writing to the
Company pursuant to this Agreement relating to inventions that are not inventions and original works assigned to the Company. The Employee will preserve the confidentiality of any invention that is an invention and original work assigned to the
Company. The Employee agrees to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all proprietary information developed by the Employee and 

  
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all inventions made by the Employee during the period of the Employee’s employment at the Company, which records shall be available to and remain the sole property of the Company at all
times. 
 Section 4.7 Conflicts of Interest; Non-Competition and Non-Solicitation. 

The Employee represents that his performance of all the terms of this Agreement and as an employee of the Company does not and will not breach
any agreement to keep in confidence information acquired by the Employee in confidence or in trust prior to the Effective Date. The Employee has not entered into, and the Employee agrees that he will not enter into, any agreement either written or
oral in conflict herewith. 
 Furthermore, the Employee agrees that during the period of his employment by the Company and for twelve
(12) months after the cessation for any reason whatsoever of his employment with the Company, he will not, without the Company’s express written consent: 
  

	 	(a)	anywhere within North America, engage in any employment or business activity which is the same as or obviously competitive with the primary Business of the Company (as defined in Section 1.1), nor will the Employee
engage in any other activities which conflict with the Employee’s obligations to the Company; or 

  

	 	(b)	directly or indirectly solicit or attempt to induce any employee of the Company or any consultant or contractor engaged by the Company, to leave his or her employ or engagement. 

Section 4.8 Return of Company Documents. 

Upon any cessation for any reason whatsoever of the Employee’s employment with the Company, the Employee will deliver to the Company (and
will not keep in his possession, recreate or deliver to anyone else) any and all devices, records data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, electronic mail, other
documents or property, together with all copies thereof (in whatever medium recorded) belonging to the Company, its successors or assigns. The Employee agrees that any property situated on the Company’s premises and owned by the Company,
including disks and other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. 

Section 4.9 Notification of New Employer. 

In the event that the Employee leaves the employ of the Company, the Employee hereby consents to the notification of his new employer of his
rights and obligations under this Agreement. 
 Section 4.10 Remedies. 

 

  
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 Because the Employee’s services are personal and unique and because the Employee may have
access to and become acquainted with the proprietary information of the Company, the Company shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief, without bond and
without prejudice to any other rights and remedies that the Company may have for a breach of this Agreement. 
 If any restriction set forth
in this agreement is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only
over the maximum period of time, range of activities or geographic area as to which it may be enforceable. 
 Section 4.11 Interpretation. 

For the purposes of this Article 4, unless the context otherwise requires, the term “Company” shall include not only the Company
itself, but also its subsidiaries, affiliates, parent companies, successors, and assigns. 
 ARTICLE 5 

GENERAL 
 Section 5.1 Notices.

 Any notice, demand or other communication which is required or permitted by this Agreement to be given or made by a party hereto shall
be in writing and shall be sufficiently given if delivered personally or sent by pre-paid registered mail at the following addresses: 
  

	 	(a)	to the Employee at: 

 1381 TECUMSEH PARK DR. 

MISSISSAUGA, ONTARIO 
 L5H 3P1

  
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	 	(b)	to the Company at: 

 61A YORK STREET 

OTTAWA, ONTARIO 
 K1N 5T2 

Attention:
                                        CFO 

or at such other address as any party may from time to time advise the other party by notice in writing. Every notice or other communication shall be deemed
to have been received, (i) on the date of receipt, if given by personal delivery, and (ii) the fifth Business Day after which it is mailed, if sent by registered mail. Notwithstanding the foregoing, if a strike or lockout of postal
employees is in effect, or generally known to be impending, notice shall be effected by personal delivery. 
 Section 5.2 Survival. 

Notwithstanding the termination of this Agreement, (a) neither party shall be released from any obligation that accrued prior to the
Termination Date; and (b) each party shall remain bound by the provisions of this Agreement which by their terms impose obligations upon that party that extend beyond the termination of this Agreement and more particularly, but not limited to,
Articles 3, 4 and 5 hereof. 
 Section 5.3 Further Assurances. 

The parties shall, with reasonable diligence, do all things and provide all reasonable assurances as may be required to complete the
transactions contemplated by this Agreement, and each party shall provide such further documents or instruments required by any other party as may be reasonably necessary or desirable to give effect to this Agreement and carry out its provisions.

 Section 5.4 Assignment. 
 Except
as otherwise expressly provided herein, neither this Agreement nor any rights or obligations shall be assignable by either party without the prior written consent of the other party hereto. 

Section 5.5 Amendment and Waiver. 

No supplement, modification, amendment or waiver of this Agreement shall be binding unless executed in writing by both parties and unanimously
approved by the Company’s compensation committee (or CEO in the absence thereof). No waiver of any of the provisions of this Agreement shall constitute a waiver of any other provision (whether or not similar) nor shall such waiver constitute a
continuing waiver unless otherwise expressly provided. 

  
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 Section 5. 6 Successors and Assigns. 

This Agreement shall enure to the benefit of and be binding upon the parties and their respective heirs, executors and administrators or
successors and permitted assigns, as the case may be. 
 Section 5. 7 Severability. 

If any provision in this Agreement is determined to be invalid, void or unenforceable by the decision of any court of competent jurisdiction,
which determination is not appealed or appealable for any reason whatsoever, the provision in question shall not be deemed to affect or impair the validity or enforceability of any other provision of this Agreement and such invalid or unenforceable
provision or portion thereof shall be severed from the remainder of this Agreement. 
 Section 5. 9 Independent Legal Advice. 

The Employee acknowledges that he has been advised to obtain, and that he has obtained or has been afforded the opportunity to obtain,
independent legal advice with respect to this Agreement and that he understands the nature and consequences of this Agreement. 
 Section 5.10
Governing Law. 
 This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the
federal laws of Canada applicable therein. 
 Section 5. 11 Counterparts. 

This Agreement may be executed by the parties in one or more counterparts, each of which when so executed and delivered shall be deemed to be
an original and such counterparts shall together constitute one and the same instrument. 
 [signatures on next page] 

  
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 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

									
	SIGNED, SEALED AND		)				
	DELIVERED IN THE PRESENCE		)				
	OF:		)				
					)				
					)				 /s/ Craig Miller

					)				CRAIG MILLER
	By:		 /s/ Sabina Vomra-Miller
						July 6, 2011
	Witness: Sabina Vomra-Miller						
							JADED PIXEL TECHNOLOGIES INC.
									
							By:		 /s/ Tobias Lütke

									    Authorized Signing Officer

  
 - 13 -EX-10.5

 Exhibit 10.5 
  

 
 December 9th, 2010 

Harley Finkelstein 
 Dear Harley: 

RE:    Offer of Employment 

 
 This letter will confirm our offer of employment to
you as a Director of Business Development and Legal Council with Jaded Pixel Technologies Inc. (“Jaded Pixel”), starting on December 9th, 2010. The terms and conditions of your
employment will be as follows: 
  

	1.	Position 

 As mentioned above, you will be employed with us as a Director of Business
Development and will report to Tobias Lütke, CEO. As a Director of Business Development you will be primarily responsible for evaluation and execution of new sales channels and affiliated partnerships. However, Jaded Pixel is a growing and
dynamic company and all employees at Jaded Pixel are asked to remain flexible in the types of work they are prepared to undertake. This offer assumes that type of flexibility. 

 

	2.	Probationary Period 

 In accordance with Jaded Pixel’s policies, your employment is
probationary for the first three months. The purpose of this probationary period is to provide Jaded Pixel an opportunity to assess your skills and suitability in the position of Director of Business Development and your fit within the company
generally. It also gives you an opportunity to see if we are a fit for you. During this period Jaded Pixel retains the right to terminate your employment for any reason, upon providing to you only that period of notice (or, at our option, pay in
lieu of such notice), which is required by the Ontario Employment Standards Act. 
  

	3.	Hours of Work 

 We believe that different employees are more productive at different
hours of the day, and during different days of the week. As such, although our office is ordinarily open from 9:00 a.m. until 5:00 p.m. we do not require you to adhere to traditional office hours. Therefore, while we generally expect you to be
working between 35 and 40 hours per week, our focus is on employees acting responsibly and efficiently in a task-driven manner. 
  

	4.	Salary 

 Your salary will be $100,000 per annum, paid in accordance with Jaded
Pixel’s standard payroll practices. In accordance with Jaded Pixel’s policies, your performance and salary will be reviewed on an annual basis. 
  

	5.	Bonus 

 In addition to the Salary mentioned above, you may also receive a bonus. However,
bonuses are in the absolute discretion of Jaded Pixel. In deciding whether to award a bonus or not, Jaded Pixel will consider its own profitability and the individual contribution of each employee. Bonuses, if any, may be paid at various times
during the year or at the end of the calendar year. 

	6.	Jaded Pixel’s Policies, etc. 

 You agree that you will adhere to Jaded Pixel’s
policies, rules, systems and procedures. Jaded Pixel reserves the right to change the provisions of any of these at any time. 
  

	7.	Employee Benefits 

 (1) You will be entitled to participate in Jaded Pixel’s Family
Health Plan, in effect for all Jaded Pixel employees, after the completion of three (3) full months of employment with Jaded Pixel. 

(2) We have enclosed a copy of our Family Health Plan booklet for your review. However, please note that benefits will be provided in
accordance with the formal plan documents or policies and any issues with respect to entitlement to or payment of benefits under any of terms of the Family Health Plan will be governed by the terms of such documents or policies establishing the
benefit in issue, not the description contained in the enclosed booklet. 
 (3) Finally, please note that the Employer reserves the right to
unilaterally revise or eliminate any of the terms or benefits of the Family Health Plan. 
  

	8.	Vacation and Holidays 

 Similar to our approach on the hours you will work, we are also
flexible when it comes to vacation and holidays. Generally, you will be entitled to three (3) weeks vacation per year; however, we may at our discretion accommodate reasonable requests for additional vacation days. Vacation is to be taken at a
time and for a duration that is approved by management. Vacation should be taken during the calendar year and can only be carried over to the next calendar year with written approval. In addition to vacation, you will be entitled to be paid for all
public holidays in accordance with the provisions of the Ontario Employment Standards Act. 
  

	9.	Termination of Employment 

 (1) It is always difficult to consider termination just when
a new relationship is starting out, however, we believe that it is important that you understand and agree to your entitlements upon termination. 

(2) Clause 2 above explains what you are entitled to if we terminate your employment with us during your probationary period. 

(3) If we terminate your employment after your probationary period, unless you are terminated for “cause”, Jaded Pixel will provide
you with the greater of: 
  

	 	a)	two weeks of notice (or, at our option, pay in lieu of such notice), or 

  

	 	b)	that period of notice (or, at our option, pay in lieu of such notice) and severance pay, if any, required by the Ontario Employment Standards Act, plus one (1) additional week of notice (or, at our option,
pay in lieu of such notice) for each completed full year of employment as of the date upon which you receive notice of termination. 

(4) In addition, the Employer will ensure that it complies with any other provisions of the Ontario Employment Standards Act which apply
to the termination of your employment. For example, Jaded Pixel will continue all of your Family Health Plan benefits for the period, if any, required by such legislation. 

(5) If you are terminated for “cause”, or you resign from your employment, you will not receive any notice or pay in lieu or
severance pay. “Cause” for this purpose includes such things as unsatisfactory performance, dishonesty, insubordination and serious misconduct, as well as anything else which would legally constitute “cause”. 

(6) Upon the termination of your employment with Jaded Pixel, you must return all Jaded Pixel property, including any Confidential Information,
as defined in the attached Confidentiality, Non-Competition and Non-Solicitation Agreement, and you agree that you will not retain any copies of the Confidential Information. 

	10.	Confidentiality, Non-Competition and Non-Solicitation Agreement 

 We enclose our standard
agreement regarding confidential information, non-solicitation and non-competition. This offer of employment is conditional upon you accepting the terms of these agreements. 

If you are prepared to accept employment with Jaded Pixel in accordance with the terms and conditions outlined in this letter please sign both the
Confidentiality, Non-Competition and Non-Solicitation Agreement and this letter and return them to me. When you have done so, this letter will constitute a binding agreement between you and Jaded Pixel with respect to your employment. The extra
copies are for your personal files. 
 We are delighted to have you join the Jaded Pixel and look forward to your acceptance of this offer. 

Yours truly, 

Jaded Pixel Technologies Inc. 
  

/s/ Tobias Lütke 

Per: Tobias Lütke 

EMPLOYEE’S AGREEMENT 
 I have read,
understood and agree with the foregoing. I have had a reasonable opportunity to consider this letter and the matters set out therein. I accept employment with Jaded Pixel on the terms and conditions set out in this letter. 

 

									
			 December 9, 2010
				 /s/ Harley Finkelstein
		
			December 9th, 2010				Harley Finkelstein		

 Annex A: Confidentiality, Non-Competition and Non-Solicitation Agreement 

 

	1.	Introduction 

 This Confidentiality, Non-Competition and Non-Solicitation Agreement (the
“Agreement) is between me, Harley Finkelstein and Jaded Pixel Technologies Inc. (“Jaded Pixel”), and it forms an integral part of Jaded Pixel’s Offer of Employment. The Agreement confirms my commitment to abide by
certain terms and conditions related to confidentiality, non-competition and non-solicitation. 
 In consideration of the Offer of
Employment, and the payment of salary and benefits contained therein, I agree to be bound by the terms and conditions in this Agreement. 
  

	2.	Definitions 

 (1) “Confidential Information” means all of the materials
and information (whether or not reduced to writing and whether or not patentable or protected by copyright) provided by Jaded Pixel to me, or which is available to me during the course of my employment with Jaded Pixel, including, but not limited
to, the following: 
  

	 	(a)	customer lists, records and statistics; 

  

	 	(b)	profits, costs and pricing data, sales policies, marketing plans and strategies, and any other information relating to the marketing, distribution, sale or supply of Jaded Pixel’s products and/or services;

  

	 	(c)	personnel information, including but not limited to, the names and backgrounds of key personnel, personnel lists, information about compensation and benefits, performance evaluations of personnel and training and
promotional policies; 

  

	 	(d)	Inventions, as defined below; 

  

	 	(e)	records and other materials in the form of art work, illustrations, notes, letters, data, tapes, reference items, models, sketches, blueprints, drawings and writings, in any way relating to any of the above information
and any and all copies or extracts thereof; 

  

	 	(f)	technical and business information of Jaded Pixel’s clients which was obtained as a result of or in connection with the provision of services to such clients, including information regarding the business
operations, methods and practices and product plans of such clients; and 

  

	 	(f)	any other materials or information related to Jaded Pixel’s business which is not generally known to others; 

regardless of whether such materials or information are in paper or electronic format or any other format. 

(2) “Inventions” means all artworks, copy writing, marketing or media plans, concepts, copyrights, copyrightable works,
computer data, developments, designs, discoveries, formulae or other intellectual property, ideas, improvements, industrial designs, innovations, inventions, know-how, patents, plans, processes, programs, schematic drawings, specifications,
techniques, technology, topographies, trademarks, trade secrets (whether patentable or unpatentable) (including source code materials), which I make or discover by myself or in conjunction with others while employed by Jaded Pixel, which arise,
directly or indirectly, from my employment with Jaded Pixel, and which pertain to a business in which Jaded Pixel is engaged, is reasonably expected to engage in, or in which it has previously expressed an intention to enter 

(3) “Pre-employment Inventions” means any Inventions that I made prior to my employment by Jaded Pixel. 

	3.	Commitment to Protect Confidential Information 

 (1) I acknowledge that Jaded Pixel owns
and has a valuable interest in the Confidential Information that it develops in its operations. 
 (2) I acknowledge as an employee of Jaded
Pixel, that I have access to this Confidential Information, which includes information not generally known in the industry, which was discovered, developed or obtained as a result of my employment with Jaded Pixel. 

(3) Accordingly, I agree as follows: 
  

	 	(a)	Both during and after my employment with Jaded Pixel, I will: 

  

	 	i.	keep in confidence all Confidential Information and not, directly or indirectly, disclose any Confidential Information to any person whatsoever; 

 

	 	ii.	not, directly or indirectly, use any Confidential Information for my own benefit or for the benefit of any person or business whatsoever; and 

 

	 	iii.	not, directly or indirectly, use or copy any Confidential Information for any reason, except when reasonably necessary for the purpose of performing my duties an employee of Jaded Pixel or with the consent of Jaded
Pixel. 

  

	 	(b)	In the event of the termination of my employment, for whatever reason, I agree that I will promptly deliver to Jaded Pixel all Confidential Information in my possession and I will not take, copy or retain any records or
other materials in any way relating to any Confidential Information without Jaded Pixel’s prior written-permission. 

  

	 	(c)	I confirm: 

  

	 	i.	that I do not have in my possession Confidential Information belonging to others, and therefore I will not use or disclose same to Jaded Pixel during my employment; and 

 

	 	ii.	that my employment will not require me to violate any obligation to or confidence with any other party (including, but not limited to, any previous employers). 

 

	 	(d)	I agree to comply with any procedures that Jaded Pixel may adopt from time to time to preserve the confidentiality of any Confidential Information. 

 

	 	(e)	I agree that the absence of any notice indicating confidentiality on any material will not imply that it is not Confidential Information. 

 

	 	(f)	Jaded Pixel agrees that the obligations imposed by this clause 3 on me shall not apply to information which: 

  

	 	i.	at the time it is received is in the public domain; 

  

	 	ii.	subsequently comes into the public domain through no fault of mine; 

  

	 	iii.	is lawfully received by me from a third party on an unrestricted basis; 

  

	 	iv.	is already legitimately known to me prior to disclosure; or 

  

	 	v.	is required by law to be disclosed, 

 provided, however, that I shall first have given prompt
notice to Jaded Pixel of any possible or prospective order or proceeding pursuant to which any order may result which requires me to disclose any Confidential Information; and Jaded Pixel shall have been afforded a reasonable opportunity to prevent
or limit any such disclosure of any of the Confidential Information. I understand and agree that this subparagraph does not grant to me any right or licence. 
  

	4.	Commitment to Disclose Inventions 

 (1) I agree that during my employment with Jaded
Pixel and at any time thereafter, I will notify my immediate supervisor promptly in writing of all inventions. 
 (2) Subject to clause 4(4),
I agree that all Inventions shall be the sole property of Jaded Pixel. I waive in whole any moral rights I may have in each of the Inventions and any part or parts thereof, including but not limited to the right to the integrity of the Invention,
the right to be associated with the Invention as its author by name or under a pseudonym and the right to remain anonymous. Such agreement to waive is applicable regardless of whether the Inventions are considered works made in the course of
employment or whether they are copyrightable. I will assist Jaded Pixel and/or its nominees (without charge but at no expense to me) at any time and in every proper way to obtain 

 
for its and/or their own benefit, patents and copyrights for all such Inventions anywhere in the world and to enforce its and/or their rights in legal proceedings. 

(3) Subject to clause 4(4), I assign to Jaded Pixel all rights and interests in all such Inventions which pertain to a business in which Jaded
Pixel is engaged, is reasonably expected to engage in, or in which it has previously expressed an intention to enter, except any Pre-Employment Inventions which I cannot assign to Jaded Pixel because of a prior invention agreement with a previous
employer. 
 (4) Jaded Pixel recognizes the entrepreneurial background of its employees, and as a result, I understand that I may request
that Jaded Pixel exempt my invention from clause 4 of this Agreement (an “Exempted invention”). Such an exemption is at the sole discretion of Jaded Pixel and a written agreement executed by Jaded Pixel agreeing to the Exempted
Invention must be provided by Jaded Pixel in order for any exemption to apply. 
 (5) Every Invention, that is not an Exempted Invention,
disclosed to anyone other than Jaded Pixel within six (6) months after the termination of my employment with Jaded Pixel will be presumed to be the property of Jaded Pixel, unless it is proved that such Invention was first made or conceived
after termination of my employment with Jaded Pixel. 
 (6) During my employment with Jaded Pixel and at any time thereafter, I will, at the
request and expense of Jaded Pixel, complete and return to Jaded Pixel all documents necessary for the preparation and filing of applications covering the registration of intellectual property rights in Inventions in all countries, as well as
perform all other acts which Jaded Pixel may deem necessary or advisable for the purpose of protecting or recognizing Jaded Pixel’s rights to same. 

(7) I acknowledge that Jaded Pixel may from time to time have agreements with other persons or with the Canadian government or its agencies
that impose obligations or restrictions on Jaded Pixel regarding Inventions made during the course of work under such agreements or regarding the confidential nature of such work. I agree to be bound by all such obligations or restrictions and to
take all action necessary to discharge the obligations Jaded Pixel may have under such agreements. 
 (8) Upon the termination of my
employment with Jaded Pixel, I agree to surrender promptly to Jaded Pixel all records or other evidence of any Inventions that are not Exempted Inventions. 
  

	5.	Non-competition 

 I agree that I will not, during the duration of my employment and for a
period of eight (8) months following the termination of my employment whether as principal, as agent or as an employee of, or in partnership or association with, any person, firm or corporation or in any manner whatsoever, directly or
indirectly: carry on, be engaged in, advise, own shares, lend money to, guarantee the debts or obligations of, or permit my name to be used or employed by, any person, firm or corporation engaged in, concerned with or interested in marketing or
advertising services or providing electronic illustration services, anywhere within the geographical area of Canada or any other areas where Jaded Pixel markets its products and services (other than solely as a holder of not more than 1% of the
issued and outstanding voting shares of any public corporation). 
  

	6.	Non-solicitation 

 (1) I further agree that for a period of twelve (12) months
following the termination of my employment, for whatever reason, I will not, directly or indirectly, solicit business from any client or potential client of Jaded Pixel which was served or solicited by me directly or indirectly on behalf of Jaded
Pixel within the twelve (12) months immediately preceding the termination of my employment. 
 (2) I further agree that for a period of
twelve (12) months following the termination of my employment, I will not, directly or indirectly, hire or take away or cause to be hired or taken away, any employee of Jaded Pixel who was in the employ of Jaded Pixel during the twelve
(12) months preceding the termination of my employment. 

	7.	Injunctive Relief 

 (1) I acknowledge and confirm that the scope of the covenants in
clauses 5 and 6 are in all respects (and particularly in respect of area, time and subject matter), no more than is reasonable to protect Jaded Pixel’s interests. 

(2) I understand and agree that the damages which Jaded Pixel might suffer from my violation of any of my obligations set out in this Agreement
would be difficult or impossible to measure and that Jaded Pixel is entitled to, in addition to all other remedies it may have, injunctive relief for any such violation (including interim, interlocutory and permanent injunctive relief). 

 

	8.	General Agreement Provisions 

 (1) Each provision in this Agreement is separate and
distinct. In the event that any provision in this Agreement is determined by a court to be invalid, such provision will be severable from this Agreement and the validity of the other provisions shall not be affected. 

(2) The failure of Jaded Pixel to require the performance of any term of this Agreement, or the waiver by Jaded Pixel of any breach of this
Agreement by me shall not prevent a subsequent exercise or enforcement of such terms or be deemed a waiver of any subsequent breach of the same or any other term of this Agreement. 

(3) My obligations under this Agreement shall survive the termination of my employment regardless of the reasons for such termination and
whether such termination is occasioned by me, by Jaded Pixel with or without cause, or by mutual agreement. 
 (4) I acknowledge that: 

 

	 	(a)	I have had time to review this Agreement and to obtain independent legal advice in connection with it and its execution; 

  

	 	(b)	I fully understand its contents; 

  

	 	(c)	I have signed it freely and voluntarily; 

  

	 	(d)	this Agreement is reasonable and I understand that it is necessary to protect the legitimate interests of Jaded Pixel. 

(5) The terms and conditions of this Agreement can only be modified by the written agreement of the parties. 

(6) This Agreement shall be construed in accordance with, and governed by, the laws of the Province of Ontario and the laws of Canada
applicable therein, without reference to conflicts of laws. The courts of Ontario shall have exclusive jurisdiction over all disputes that may arise between the parties arising from this Agreement. 

 DATED at the City of Ottawa, Province of Ontario, this
9th day of December, 2010. 
  

			
	Harley Finkelstein
		
	Signature:		 /s/ Harley Finkelstein

	Name:		Harley Finkelstein
	Address:		84 St. Andrew, Ottawa K1N 5T2
	
	Jaded Pixel Technologies Inc.
		
	BY:		 /s/ Tobias Lütke 

			  

	Name:		Tobias Lütke
	Title:		CEO

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