Document:

Form of Registration Rights Agreement - UCN/ ComVest

 Exhibit 10.7 
 REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights Agreement (this
“Agreement”) is made as of May     , 2006 by UCN, Inc., a Delaware corporation (the “Company”), for the benefit of the Holders (as such term is hereinafter defined). The Company hereby confirms that the
rights granted under this Agreement constitute a material inducement to the Holders enter into the Loan Agreement, make Loans from time to time thereunder, and/or acquire or hold Warrant Shares (as such terms are hereinafter defined). Each Holder,
by its participation or request to participate in any Registration effected pursuant to this Agreement, shall be deemed to have confirmed such Holder’s agreement to comply with the applicable provisions of this Agreement. 
 NOW, THEREFORE, the Company hereby agrees, in favor of the Holders, as follows: 
 1. Definitions. In addition to those terms defined elsewhere in this Agreement, the following terms shall have the following meanings wherever
used in this Agreement: 
 “Act” shall mean the Securities Act of 1933, as amended, and any successor statute from
time to time. 
 “Affiliate” shall mean, with respect to any person, any other person controlling, controlled by or
under common control with the first person. 
 “Board” shall mean the Board of Directors of the Company. 

“Common Stock” shall mean the authorized common stock of the Company. 
 “Company” shall mean UCN, Inc., and shall include any successor thereto. 
 “Conversion Shares” shall mean the Shares issued and/or issuable from time to time upon conversion of the Term Note (in whole or
in part), and any additional or other Shares issued in respect of any of the foregoing Shares by reason of any stock split, stock dividend, merger, share exchange, recapitalization or other such event. 
 “Costs and Expenses” shall mean all of the costs and expenses relating to any subject Registration Statement, including but not
limited to registration, filing and qualification fees, blue sky expenses, costs of listing any Shares on any exchange or other trading media, and printing expenses, fees and disbursements of counsel and accountants to the Company, and reasonable
fees and disbursements of a single counsel to the Holders; provided, however, that underwriting discounts and commissions attributable solely to the securities registered for the benefit of Holders, fees and disbursements of any
additional counsel to Holders, and all other expenses attributable solely to Holders shall be borne by each subject Holder. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and any successor statute from time to time. 
 “Holders” shall mean, collectively, all Persons holding Registrable Shares from time to time. 

 “Loan Agreement” shall mean the Revolving Credit and Term Note Agreement dated
as of May __, 2006, by and between ComVest Capital LLC and the Company, as the same may be amended, modified, supplemented and/or restated from time to time in accordance with the provisions thereof. 
 “Loans” shall mean the loans extended to the Company from time to time under and pursuant to the Loan Agreement. 
 “Person” shall mean any individual, corporation, partnership, limited partnership, limited liability company, trust, or other
entity of any kind ,and any government or department or agency thereof. 
 “Registrable Shares” shall mean all
Shares, excluding any Shares which may then be sold by the Holder thereof pursuant to Rule 144(k) promulgated under the Act. 
 “Registration” shall mean any registration of Common Stock pursuant to a registration statement filed by the Company with the SEC in respect of any class of Common Stock, other than a registration statement in
respect of employee stock options or other employee benefit plans or in respect of any merger, consolidation, acquisition or like combination, whether on Form S-4, Form S-8 or any equivalent form of registration then in effect, and other
than the registrations of Common Stock pursuant to the registration statements previously filed with the SEC, SEC File No. 333-108655, SEC File No. 333-114302, and SEC File No. 333-130748 (including any amendments filed thereto
following the date hereof). 
 “Registration Period” shall mean, with respect to a Registration Statement, the
period of time from the effective date of such Registration Statement until such date as is the earlier of (a) the date on which all of the Registrable Securities covered by such Registration Statement shall have been sold to the public, or
(b) the date on which the Conversion Shares and the Warrant Shares issued or issuable upon cashless exercise of the Warrant in accordance with Section 1.3 of the Warrant (in the opinion of counsel to the Company evidenced by a written
opinion issued to the Holders in form reasonably acceptable to the Holders) may be immediately sold without restriction (including, without limitation, as to volume restrictions) by each Holder thereof without registration under the Act. 

“Registration Statement” shall mean any registration statement filed or to be filed by the Company in respect of any
Registration. 
 “SEC” shall mean the United States Securities and Exchange Commission, or any successor agency or
agencies performing the functions thereof. 
 “Shares” shall mean (a) the Conversion Shares issued and/or
issuable from time to time, (b) the Warrant Shares issued and/or issuable from time to time, and (c) any additional or other shares of common stock of the Company issued in respect of any of the foregoing Shares by reason of any stock
split, stock dividend, merger, share exchange, recapitalization or other such event. 
 “Term Note” shall have the
meaning ascribed thereto in the Loan Agreement, and shall include any replacement promissory note(s) therefor. 
  

 2 

 “Warrants” shall mean the warrants to purchase Shares, issued by the Company
pursuant to the Loan Agreement, including any and all warrants issued in replacement of the original such warrants. 
 “Warrant Shares” shall mean the Shares issued and/or issuable from time to time upon exercise of any of the Warrants, and any additional or other Shares issued in respect of any of the foregoing Shares by reason of any stock
split, stock dividend, merger, share exchange, recapitalization or other such event. 
 2. Shelf Registration. 
 (a) The Company shall prepare and file with the SEC, not later than forty-five (45) days after the date of this Agreement, a
Registration Statement or Registration Statements (as necessary) on a form that is appropriate under the Act (and, if available, pursuant to Rule 415 promulgated under the Act), covering the resale of all of the Registrable Securities, in an amount
sufficient to cover the resale of all Shares and additional shares of Common Stock issuable pursuant to the anti-dilution provisions of the Term Note and/or the Warrants. 
 (b) The Company shall use its best efforts to cause the Registration Statement required by this Section 2 to be declared effective
under the Act as promptly as possible after the filing thereof, but in any event not later than one hundred twenty (120) days after the date of this Agreement. 
 (c) If (i) the Registration Statement required by this Section 2 is not declared effective within 120 days after the date of
this Agreement, or (ii) the Registration Statement required by this Section 2 shall cease to be available for use by the Holders as selling stockholders (A) as provided under Section 2(f) hereof where such unavailability
continues for a period in excess of five (5) days beyond the allowed time period, or (B) for any other reason including, without limitation, by reason of a stop order, a material misstatement or omission in such Registration Statement or
the information contained in such Registration Statement having become outdated and continues to be unavailable for a period in excess of thirty (30) days (which need not be consecutive days) in any twelve (12) month period, and no Holder
is in material breach of its obligations under this Agreement, then the Company shall pay to the Holders, ratably in proportion to the number of Registrable Shares held by the respective Holders, a cash fee equal to the product of $1,000 multiplied
by the number of calendar days during which any of the events described in clauses (i) or (ii) above occurs and is continuing (the “Blackout Period”); provided, however, that the aggregate such fees payable under
this Section 2(c) shall not exceed $600,000. Each such payment shall be due within five (5) days after the end of each 30-day period of the Blackout Period until the termination of the Blackout Period and within five (5) days after
such termination. The Blackout Period shall terminate upon the effectiveness of the Registration Statement in the case of clause (i) above and upon notice from the Company that the Registration Statement is again available in the case of clause
(ii) above. 
 (d) The Company shall use its best efforts to keep each Registration Statement under this Section 2
effective at all times during the applicable Registration Period. 
  

 3 

 (e) If any offering pursuant to a Registration Statement pursuant to this Section 2
involves an underwritten offering (which may only be with the consent of the Company, which shall not be unreasonably withheld or delayed), the Holders (acting by a majority in interest) shall have the right to select legal counsel and an investment
banker or bankers and manager or managers to administer to the offering, which investment banker or bankers or manager or managers shall be reasonably satisfactory to the Company. 
 (f) If the Registrable Securities are registered for resale under an effective Registration Statement, the Holders shall cease any
distribution of such Shares under such Registration Statement: 
 (i) for a period of up to six (6) months if
(A) such distribution would require the public disclosure of material non-public information concerning any transaction or negotiations involving the Company or any of its Affiliates that, in the reasonable judgment of the Company’s Board
of Directors, would materially interfere with such transaction or negotiations, or (B) such distribution would otherwise require premature disclosure of information that, in the reasonable judgment of the Company’s Board of Directors,
would adversely affect or otherwise be detrimental to the Company; provided that the Company shall not invoke this clause (i) more than twice in any twelve (12) month period or for more than an aggregate of six (6) months in
any such twelve (12) month period; and 
 (ii) not more than once in any twelve (12) month period, for up to 30
days, upon the request of the Company if the Company proposes to file a registration statement under the Act for the offering and sale of securities for its own account in an underwritten offering and the managing underwriter therefor shall advise
the Company in writing that in its opinion the continued distribution of the Registrable Securities would adversely affect the offering of the securities proposed to be registered for the account of the Company. 
 The Company shall promptly notify the Holders in writing at such time as (x) such transactions or negotiations have been otherwise publicly disclosed or terminated,
or (y) such non-public information has been publicly disclosed or counsel to the Company has determined that such disclosure is not required due to subsequent events. 
 (g) The Company shall (i) permit the Holders’ counsel to review (A) such Registration Statement, and all amendments and
supplements thereto, in each case to the extent of any information with respect to the Holders, their and their Affiliates’ beneficial ownership of securities of the Company, and their intended method of disposition of Registrable Securities,
and (B) all requests for acceleration or effectiveness thereof and any correspondence between the Company and the SEC relating to the Registration Statement) (collectively, the “Registration Documents”), for a reasonable period of
time prior to their filing with the SEC, (ii) not file (or send) any Registration Documents in a form to which such counsel reasonably objects, and (iii) not request acceleration of such Registration Statement without prior notice to such
counsel. The sections of such Registration Statement covering information with respect to the Holders, their and their Affiliates’ beneficial ownership of securities of the Company, and their intended method of disposition of Registrable
Securities shall conform to the information provided to the Company by the Holders. 
  

 4 

 (h) The Registration Statement pursuant to this Section 2 shall not include any
securities other than (i) Registrable Shares, and (ii) after the inclusion of all Registrable Shares, those Shares excepted out of Section 9(b) below. 
 3. Piggyback Registration. In the event that the Company shall propose a Registration at any time when a Registration Statement is not effective pursuant to Section 2 above, then the Company shall give to
each Holder written notice (the “Registration Notice”) of such proposed Registration (which notice shall include a statement of the proposed filing date thereof, the underwriters and/or managing underwriters of the subject offering, and
any other known material information relating to the proposed Registration) not less than thirty (30) or more than sixty (60) days prior to the filing of the subject Registration Statement, and shall, subject to the limitations provided in
this Section 3, include in such Registration Statement all or a portion of the Registrable Shares owned by and/or issuable to each Holder, as and to the extent that such Holder may request same to be so included by means of written notice given
to the Company within twenty (20) days after the Company’s giving of the Registration Notice. Each Holder shall be permitted to withdraw all or any part of its Registrable Shares from a Registration Statement by written notice to the
Company given at any time prior to the effective date of the Registration Statement. In the event of the inclusion of Registrable Shares pursuant to this Section 3, the Company shall bear all of the Costs and Expenses of such Registration;
provided, however, that each Holder shall pay, pro rata based upon the number of its Registrable Shares included therein, the underwriters’ discounts, commissions and compensation attributable solely to the inclusion of such
Registrable Shares in the overall public offering. Notwithstanding anything to the contrary contained herein, the Company’s obligation to include a Holder’s Registrable Shares in any such Registration Statement shall be subject, at the
option of the Company, to the following further conditions: 
 (a) The distribution for the account of such Holder shall be
underwritten by the same underwriters (if any) who are underwriting the distribution of the securities for the account of the Company and/or any other persons whose securities are covered by such Registration Statement, shall be made at the same
underwriter discount or commission applicable to the distribution of the securities for the account of the Company and/or any other persons whose securities are covered by such Registration Statement, and such Holder shall enter into an agreement
with such underwriters containing customary indemnification and other provisions; 
 (b) If at any time after giving the
Registration Notice, and prior to the effective date of the Registration Statement filed in connection with such Registration Notice, the Company shall determine for any reason not to proceed with the subject Registration, the Company may, at its
election, give written notice of such determination to the Holders and, thereupon, shall be relieved of its obligation to register any of the Holders’ Registrable Shares in connection with such Registration; 
 (c) In connection with an underwritten public offering pursuant to a Registration Statement under this Section 3, if and only if the
managing underwriter(s) thereof shall advise the Company in writing that, due to adverse market conditions or the potential adverse impact on the offering to be made for the account of the Company, the securities to be included in such Registration
will not include all of the Registrable Shares requested to be so included by the Holders, then the Company will promptly furnish each such Holder with a copy 

  

 5 

 
of such written statement and may require, by written notice to each such Holder accompanying such written statement, that the distribution of all or a
specified portion of such Registrable Shares be excluded from such distribution (with any such “cutback” to be allocated among the subject Holders (and, if applicable, any other holders of Common Stock to be included in such Registration)
in proportion to the relative number of shares of Common Stock requested by such Persons to be included in such Registration); and 
 (d) The Company shall not be obligated to effect any registration of Shares incidental to the registration of any of its securities in connection with mergers, acquisitions, exchange offers, dividend reinvestment plans or stock option or
other employee benefit plans. 
 4. Registration Procedures. In the case of each Registration effected by the Company in which
Registrable Shares are to be sold for the account of any Holder, the Company, at its sole cost and expense (exclusive of items excluded in the proviso to the definition of “Costs and Expenses” above), will use its best efforts to:

 (a) prepare and file with the SEC such amendments and supplements to such Registration Statement and the prospectus
included therein as may be necessary to effect and maintain the effectiveness of such Registration Statement, until the completion of the distribution of the Registrable Shares included therein, as may be required by the applicable rules and
regulations of the SEC and the instructions applicable to the form of such Registration Statement, and furnish to the Holders of the Registrable Shares covered thereby copies of any such supplement or amendment not less than three Business Days
prior to the date first used and/or filed with the SEC; and comply with the provisions of the Act with respect to the disposition of all the Shares to be included in such Registration Statement; 
 (b) provide (i) the Holders of the Registrable Shares to be included in such Registration Statement, (ii) the underwriters
(which term, for purposes of this Agreement, shall include a person deemed to be an underwriter within the meaning of Section 2(11) of the Act, if any, thereof, (iii) the sales or placement agent, if any, therefor, (iv) one counsel
for such underwriters or agent, and (v) not more than one counsel for all the Holders of such Registrable Shares, the reasonable opportunity review such Registration Statement, each prospectus included therein or filed with the SEC, and each
amendment or supplement thereto, in each case to the extent of any disclosures regarding the Holders, their and their Affiliates’ beneficial ownership of securities of the Company, and their intended method of disposition of the Registrable
Shares included in such Registration Statement (or any amendment to any such information previously included in such Registration Statement (including any amendment or supplement thereto) or any prospectus included therein); 
 (c) for a reasonable period prior to the filing of such Registration Statement, and not more than once in any calendar quarter throughout
the period specified above, make available for inspection by the Persons referred to in Section 4(b) above such financial and other information and books and records of the Company, and cause the officers, directors, employees, counsel and
independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective counsel referred to in such Section 4(b), to conduct a reasonable investigation within the
meaning of the Act; provided, however, that each such party shall be required to maintain in confidence and not 

  

 6 

 
disclose to any other person or entity any information or records reasonably designated by the Company in writing as being confidential, until such time as
and to the extent that (i) such information becomes a matter of public record or generally available to the public (whether by virtue of its inclusion in such Registration Statement or otherwise, other than by reason of a breach hereof),
(ii) such party shall be required to disclose such information pursuant to the subpoena or order of any court or other governmental agency or body having jurisdiction over the matter, or (iii) such information is required to be set forth
in such Registration Statement or the prospectus included therein or in an amendment to such Registration Statement or an amendment or supplement to such prospectus in order that such Registration Statement, prospectus, amendment or supplement, as
the case may be, does not include an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading; and further provided,
that the Company need not make such information available, nor need it cause any officer, director or employee to respond to such inquiry, unless each such Holder of Registrable Shares to be included in a Registration Statement hereunder, upon the
Company’s request, executes and delivers to the Company a specific undertaking to substantially the same effect contained in the preceding proviso; 
 (d) promptly notify in writing the Holders of Registrable Shares to be included in a Registration Statement hereunder, the sales or placement agent, if any, therefor and the managing underwriter of the securities
being sold, (i) when such Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such registration statement or any post-effective
amendment, when the same has become effective, (ii) of any comments by the SEC and by the blue sky or securities commission or regulator of any state with respect thereto or any request by the SEC for amendments or supplements to such
Registration Statement or the prospectus or for additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose,
(iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Shares for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, or (v) if it shall
be the case, at any time when a prospectus is required to be delivered under the Act, that such Registration Statement, prospectus, or any document incorporated by reference in any of the foregoing contains an untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 
 (e) obtain the withdrawal of any order suspending the effectiveness of such Registration Statement or any post-effective amendment thereto
at the earliest practicable date; 
 (f) if requested by any managing underwriter or underwriter, any placement or sales agent
or any Holder of Registrable Shares to be included in a Registration Statement, promptly incorporate in a prospectus, prospectus supplement or post-effective amendment such information as is required by the applicable rules and regulations of the
SEC and as such managing underwriter or underwriters, such agent or such Holder may reasonably specify should be included therein relating to the terms of the sale of the Registrable Shares included thereunder, including, without limitation,
information with respect to the number of Registrable Shares being sold by such Holder or agent or to such underwriters, the name and description of such Holder, the offering price of such Registrable Shares and any discount, commission or other

  

 7 

 
compensation payable in respect thereof, the purchase price being paid therefor by such underwriters and with respect to any other terms of the offering of
the Registrable Shares to be sold in such offering; and make all required filings of such prospectus, prospectus supplement or post-effective amendment promptly after notification of the matters to be incorporated in such prospectus, prospectus
supplement or post-effective amendment; 
 (g) furnish to each Holder of Registrable Shares to be included in such
Registration Statement hereunder, each placement or sales agent, if any, therefor, each underwriter, if any, thereof and the counsel referred to in Section 4(b) an executed copy of such Registration Statement, each such amendment and supplement
thereto (in each case excluding all exhibits and documents incorporated by reference) and such number of copies of the Registration Statement (excluding exhibits thereto and documents incorporated by reference therein unless specifically so
requested by such Holder, agent or underwriter, as the case may be) and the prospectus included in such Registration Statement (including each preliminary prospectus and any summary prospectus), in conformity with the requirements of the Act, as
such Holder, agent, if any, and underwriter, if any, may reasonably request in order to facilitate the disposition of the Shares owned by such Holder, sold by such agent or underwritten by such underwriter and to permit such Holder, agent and
underwriter to satisfy the prospectus delivery requirements of the Act; and the Company hereby consents to the use of such prospectus and any amendment or supplement thereto by each such Holder and by any such agent and underwriter, in each case in
the form most recently provided to such person by the Company, in connection with the offering and sale of the Shares covered by the prospectus (including such preliminary and summary prospectus) or any supplement or amendment thereto; 

(h) timely (i) register or qualify (to the extent legally required) the Shares to be included in such registration statement under
such other securities laws or blue sky laws of such jurisdictions to be designated by the Holders of a majority of such Shares participating in such registration and each placement or sales agent, if any, therefor and underwriter, if any, thereof,
as any Holder and each underwriter, if any, of the securities being sold shall reasonably request, (ii) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings
therein in such jurisdictions for so long as may be necessary to enable such Holder, agent or underwriter to complete its distribution of the Registrable Shares pursuant to such Registration Statement, and (iii) take any and all such actions as
may be reasonably necessary or advisable to enable such Holder, agent, if any, and underwriter to consummate the disposition in such jurisdictions of such Shares; provided, however, that the Company shall not be required for any such
purpose to (A) qualify generally to do business as a foreign corporation or a broker-dealer in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 4(h), (B) subject itself to
taxation in any such jurisdiction, or (C) consent to general service of process in any such jurisdiction; 
 (i)
cooperate with the Holders of the Registrable Shares to be included in a Registration Statement hereunder and the managing underwriter(s) to facilitate the timely preparation and delivery of certificates representing Registrable Shares to be sold,
which certificates shall be printed, lithographed or engraved, or produced by any combination of such methods, in customary form to permit the transfer thereof through the Company’s transfer agent; and enable such Registrable Shares to be in
such denominations and registered in such names as 

  

 8 

 
the managing underwriter(s) may request at least two (2) business days prior to any sale of the Registrable Shares; 
 (j) provide a CUSIP number for all Shares, not later than the effective date of the Registration Statement; 
 (k) in the event that Registrable Securities included in any Registration Statement are to be sold to or through any underwriter or
placement or sales agent, (i) make such representations and warranties to the Holders of such Registrable Shares and the placement or sales agent, if any, therefor and the underwriters, if any, thereof in form, substance and scope as are
customarily made in connection with any offering of equity securities pursuant to any appropriate agreement and/or in a registration statement filed on the form applicable to such Registration Statement; (ii) on not more than two
(2) occasions with respect to such Registration Statement, if so requested by any such underwriter or placement or sales agent, obtain an opinion of counsel to the Company in customary form and covering such matters, of the type customarily
covered by such an opinion, as the managing underwriters, if any, and/or the placement or sales agent may reasonably request, addressed to such Holders and the placement or sales agent, if any, therefor and the underwriters, if any, thereof and
dated the effective date of such Registration Statement (and if such Registration Statement contemplates an underwritten offering of a part or of all of the Shares included in such Registration Statement, dated the date of the closing under the
underwriting agreement relating thereto) (it being agreed that the matters to be covered by such opinion shall include, without limitation, the due organization of the Company and its subsidiaries, if any; the qualification of the Company and its
subsidiaries, if any, to transact business as foreign entities; the due authorization, execution and delivery of this Agreement and of any underwriting agreement; the absence, to such counsel’s knowledge, of pending or threatened material legal
or governmental proceedings involving the Company or any subsidiary; the absence of a known breach by the Company or its subsidiaries of, or a default under, agreements binding the Company or any subsidiary; the absence of governmental approvals
required to be obtained in connection with the Registration Statement, the offering and sale of the Shares, this Agreement or any underwriting agreement; the compliance as to form of such Registration Statement and any documents incorporated by
reference therein with the requirements of the Act; and the effectiveness of such Registration Statement under the Act); (iii) on not more than two (2) occasions with respect to such Registration Statement, if so requested by any such
underwriter or placement or sales agent, obtain a “cold comfort” letter or letters from the independent certified public accountants of the Company addressed to the Holders and the placement or sales agent, if any, therefor and the
underwriters, if any, thereof, dated (A) the effective date of such Registration Statement, and (B) the effective date of the most recent (or, if so stated in the request therefor, the next) prospectus supplement to the prospectus included
in such Registration Statement or post-effective amendment to such Registration Statement which includes unaudited or audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such
prospectus (and, if such Registration Statement contemplates an underwritten offering pursuant to any prospectus supplement to the prospectus included in such Registration Statement or post-effective amendment to such Registration Statement which
includes unaudited or audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such prospectus, dated the date of the closing under the underwriting agreement relating thereto), such
letter or letters to be in customary form and covering such matters of the type customarily covered by letters of such 

  

 9 

 
type; (iv) deliver such documents and certificates, including officers’ certificates, as may be customary and reasonably requested by Holders of at
least a majority of the Registrable Shares being sold and the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof to evidence the accuracy of the representations and warranties made pursuant to clause
(i) above and the compliance with or satisfaction of any agreements or conditions contained in the underwriting agreement or other agreement entered into by the Company; and (v) undertake such obligations relating to expense reimbursement,
indemnification and contribution as are provided in Sections 2, 3 and 5 hereof; 
 (l) notify in writing each Holder of
Registrable Shares of any proposal by the Company to amend or waive any provision of this Agreement and of any amendment or waiver effected pursuant thereto, each of which notices shall contain the text of the amendment or waiver proposed or
effected, as the case may be; 
 (m) engage to act on behalf of the Company, with respect to the Registrable Shares to be so
registered, a registrar and transfer agent having such duties and responsibilities (including, without limitation, registration of transfers and maintenance of stock registers) as are customarily discharged by such an agent, and to enter into such
agreements and to offer such indemnities as are customary in respect thereof; and 
 (n) otherwise comply with all applicable
rules and regulations of the SEC, and make available to the Holders, as soon as practicable, but in any event not later than 18 months after the effective date of such Registration Statement, an earnings statement covering a period of at least
twelve months which shall satisfy the provisions of Section 6(a) of the Act (including, at the option of the Company, pursuant to Rule 158 thereunder). 
 5. Indemnification by the Company. 
 (a) The Company shall indemnify each Holder and
its Affiliates from and against any claim, loss, cost, charge or liability of any kind, including amounts paid in settlement and reasonable attorneys’ fees, which may be incurred by the Holder or Affiliate as a result of any breach of any
representation or warranty or covenant of the Company contained in this Agreement or in any certificate delivered on the closing date of any public offering of Shares. 
 (b) The Company shall indemnify and hold harmless each Holder and its Affiliates, any underwriter (as defined in the Act) for any Holder,
each officer and director of a Holder, legal counsel and accountants for a Holder, and each person, if any, who controls a Holder or such underwriter within the meaning of the Act, against any losses, expenses, claims, damages or liabilities, joint
or several, to which such Holder or any such Affiliate, underwriter, officer, director or controlling person becomes subject, under the Act or any rule or regulation thereunder or otherwise, insofar as such losses, expenses, claims, damages or
liabilities (or actions in respect thereof) (i) are caused by any untrue statement or alleged untrue statement of any material fact contained in any preliminary prospectus (if used prior to the effective date of the Registration Statement), or
contained, on the effective date thereof, in any Registration Statement in which Registrable Shares were included, the prospectus contained therein, any amendment or supplement thereto, or any other document related to such Registration Statement,
or (ii) arise out of or are based upon the omission or alleged omission to state therein a material 

  

 10 

 
fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) arise out of any violation by the Company of the
Act or any rule or regulation thereunder applicable to the Company and relating to actions or omissions otherwise required of the Company in connection with such registration. The Company shall reimburse each Holder and any such Affiliate,
underwriter, officer, director or controlling person for any legal or other expenses reasonably incurred by such Holder, or any such officer, director, underwriter or controlling person in connection with investigating, defending or settling any
such loss, claim, damage, liability or action; provided, however, that the Company shall not be liable to any such persons in any such case to the extent that any such loss, claim, damage, liability or action arises out of or is based
upon any untrue statement or alleged untrue statement or omission or alleged omission made in reliance upon and in conformity with information furnished to the Company in writing by such Person expressly for inclusion in any of the foregoing
documents. This indemnity shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld or
delayed. 
 6. Further Obligations of Holders. The obligations of the Company with respect to any particular Holder are subject to
such Holder’s agreement to the following (which such Holder shall specifically confirm in writing to the Company upon the Company’s request in connection with any Registration Statement): 
 (a) Such Holder shall furnish in writing to the Company all information concerning such Holder and its and its Affiliates’ holdings
of securities of the Company and its Affiliates, and the intended method of disposition of the Registrable Securities included in such Registration Statement, as shall be reasonably required in connection with the preparation and filing of any
Registration Statement covering any of such Holder’s Registrable Shares. 
 (b) Such Holder shall indemnify and hold
harmless the Company, each of its directors, each of its officers who has signed a Registration Statement, each person (if any) who controls the Company within the meaning of the Act, and any underwriter (as defined in the Act) for the Company,
against any losses, claims, damages or liabilities to which the Company or any such director, officer, controlling person or underwriter may become subject under the Act or any rule or regulation thereunder or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) (i) are caused by any untrue statement or alleged untrue statement of any material fact contained in any preliminary prospectus (if used prior to the effective date of the
Registration Statement), or contained, on the effective date thereof, in any Registration Statement in which such Holder’s Registrable Shares were included, the prospectus contained therein, any amendment or supplement thereto, or any other
document related to such Registration Statement, or (ii) arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with information furnished to the Company by such Holder in
writing expressly for inclusion in any of the foregoing documents. In no event shall any Holder be required to pay indemnification hereunder (or contribution under Section 7(d) below) in an aggregate amount in excess of the net proceeds
received by such Holder in the subject offering. This indemnity shall not apply to amounts paid in settlement of any such loss, claim, damage, 

  

 11 

 
liability or action if such settlement is effected without the consent of the subject Holder, which consent shall not be unreasonably withheld or delayed.

 7. Additional Provisions. 
 (a) Each Holder and each other Person indemnified pursuant to Section 5 above shall, in the event that it receives notice of the commencement of any action against it which is based upon an alleged act or
omission which, if proven, would result in the Company’s having to indemnify it pursuant to Section 5 above, promptly notify the Company, in writing, of the commencement of such action and permit the Company, if the Company so notifies
such Holder within twenty (20) days after receipt by the Company of notice of the commencement of the action, to participate in and to assume the defense of such action with counsel reasonably satisfactory to such Holder; provided,
however, that such Holder or other indemnified person shall be entitled to retain its own counsel at its own expense (except that the indemnifying party shall bear the expense of such separate counsel if representation of both parties by the
same counsel would be inappropriate due to actual or potential conflicts of interest). The failure to notify the Company promptly of the commencement of any such action shall not relieve the Company of any liability to indemnify such Holder or such
other indemnified person, as the case may be, under Section 5 above, except to the extent that the Company shall be actually prejudiced or shall suffer any loss by reason of such failure to give notice, and shall not relieve the Company of any
other liabilities which it may have under this or any other agreement. 
 (b) The Company and each other Person indemnified
pursuant to Section 6 above shall, in the event that it receives notice of the commencement of any action against it which is based upon an alleged act or omission which, if proven, would result in any Holder having to indemnify it pursuant to
Section 6 above, promptly notify such Holder, in writing, of the commencement of such action and permit such Holder, if such Holder so notifies the Company within twenty (20) days after receipt by such Holder of notice of the commencement
of the action, to participate in and to assume the defense of such action with counsel reasonably satisfactory to the Company; provided, however, that the Company or other indemnified person shall be entitled to retain its own counsel
at the Company’s expense. The failure to notify any Holder promptly of the commencement of any such action shall not relieve such Holder of liability to indemnify the Company or such other indemnified person, as the case may be, under
Section 6 above, except to the extent that the subject Holder shall be actually prejudiced or shall suffer any loss by reason of such failure to give notice, and shall not relieve such Holder of any other liabilities which it may have under
this or any other agreement. 
 (c) No indemnifying party, in the defense of any such claim or litigation, shall, except with
the consent of each indemnified person who is party to such claim or litigation, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified person of a release from all liability in respect to such claim or litigation. Each such indemnified person shall furnish such information regarding itself or the claim in question as an indemnifying party may reasonably request in
writing and as shall be reasonably required in connection with defense of such claim and litigation resulting therefrom. 
  

 12 

 (d) If the indemnification provided for in Section 5 and 6 is unavailable or
insufficient to hold harmless an indemnified party, then, subject to the limits set forth in Section 6(b) above, each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the expenses,
claims, losses, damages or liabilities (or actions or proceedings in respect thereof) referred to in Section 5 and 6, in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the sellers of Shares on
the other hand in connection with statements or omissions which resulted in such losses, claims, damages or liabilities (or actions or proceedings in respect thereof) or expenses, as well as any other relevant equitable considerations. The relative
fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the
sellers of Shares and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The Company and the Holders agree that it would not be just and equitable if
contributions pursuant to this Section 7(d) were to be determined by pro rata allocation (even if all sellers of Shares were treated as one entity for such purpose) or by another method of allocation which does not take account of the equitable
considerations referred to in the first sentence of this Section. The amount paid by an indemnified person as a result of the expenses, claims, losses, damages or liabilities (or actions or proceedings in respect thereof) referred to in the first
sentence of this Section 7(d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified person in connection with investigating or defending any claim, action or proceeding which is the subject of this
Section 7(d). No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The obligations of
sellers of Shares to contribute pursuant to this Section 7(d) shall be several in proportion to the respective amounts of Shares sold by them pursuant to a Registration Statement. 
 8. Rule 144 Information. For so long as the Company shall remain a reporting company under the Exchange Act, the Company will at all times keep
publicly available adequate current public information with respect to the Company of the type and in the manner specified in Rule 144(c) promulgated under the Act. 
 9. Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the Registrable Shares then
outstanding and/or issuable, enter into any agreement with any holder or prospective holder of any securities of the Company which would allow such holder or prospective holder (a) to include such securities in any Registration filed under
Section 2 hereof, unless under the terms of such agreement, such holder or prospective holder may include such securities in any such Registration only to the extent that the inclusion of its securities will not reduce the amount of the
Registrable Shares of the Holders which is included in such Registration, or (b) except with respect to Shares issued or issuable pursuant to any equity offering(s) consummated by the Company between the date hereof and September 30, 2006,
to make a demand registration which would result in the registration statement therefore being declared effective within ninety (90) days after the effective date of any Registration effected pursuant to Section 2. 
  

 13 

 10. Notices. All notices, requests, demands and other communications required or permitted under
this Agreement shall be in writing and shall be given by personal delivery, by telecopier (with confirmation of receipt), by recognized overnight courier service (with all charges prepaid or billed to the account of the sender), or by certified or
registered mail, return receipt requested, and with postage prepaid, addressed (a) if to the Company, at its office at 14870 Pony Express Road, Bluffdale, Utah 84065, Attention: Chief Financial Officer, Telecopier: (801) 715-5022, or such
other address or telecopier number as shall have been specified by the Company to the Holders by written notice, or (b) if to any Holder, at his, her or its address or telecopier number as same appears on the records of the Company. All notices
shall be deemed to have been given either at the time of the delivery or telecopy (with confirmation of receipt) thereof, or, if sent by overnight courier, on the next business day following delivery thereof to the overnight courier service, or, if
mailed, at the completion of the third business day following the time of such mailing. 
 11. Waiver and Amendment. No waiver,
amendment or modification of this Agreement or of any provision hereof shall be valid unless evidenced by a writing duly executed by the Company and Holders holding, in the aggregate, a majority of the Registrable Shares then outstanding and/or
issuable. No waiver of any default hereunder shall be deemed a waiver of any other, prior or subsequent default hereunder. 
 12.
Governing Law. This Agreement shall (irrespective of the place where it is executed and delivered) be governed, construed and controlled by and under the substantive laws of the State of New York, without regard to conflicts of law
principles. 
 13. Binding Effect. This Agreement shall binding upon and shall inure to benefit of the Company and the Holders and
their respective successors in interest from time to time. 
 14. Captions. The captions and Section headings used in this Agreement
are for convenience only, and shall not affect the construction or interpretation of this Agreement or any of the provisions hereof. 
 15.
Gender. All pronouns used in this Agreement in the masculine, feminine or neuter gender shall, as the context may allow, also refer to each other gender. 
 16. Entire Agreement. This Agreement constitutes the sole and entire agreement and understanding between the parties hereto as to the subject matter hereof, and supersedes all prior discussions, agreements and
understandings of every kind and nature between them as to such subject matter. 
 17. Reliance and Benefit. This Agreement is
intended to benefit, and may be relied upon by, all Holders from time to time, as if such Holders were expressly named herein, party hereto and signatory hereon. 
  

 14 

 IN WITNESS WHEREOF, the Company has executed this Agreement as of the date first set forth above.

  

			
	UCN, INC.
		
	 By:
	 	  
		 	 Name: Paul Jarman

		 	 Title: Chief Executive Officer

  

 15EMPLOYMENT AGREEMENT

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT made as of the 3rd day of May, 2006 
 A M O N G 
 OPEN TEXT CORPORATION,

 a corporation amalgamated under the laws 
 of Ontario (hereinafter referred to as the 
 “Corporation”) 
 OF THE FIRST PART 
 - and - 
 PAUL J. McFEETERS 
 (hereinafter
referred to as the “Executive”) 
 OF THE SECOND PART 
 WHEREAS the Corporation is desirous of retaining the services of the Executive as an employee of the Corporation and as its Executive; 
 AND WHEREAS the Executive has agreed to enter into and deliver this Agreement on the terms and conditions contained herein. 
 AND WHEREAS the Executive has agreed to enter into and deliver this Agreement in consideration of receiving certain additional benefits and other additional compensation as provided for pursuant to the terms of this Agreement; 

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration,
the parties agree as follows: 
  

	1.	DEFINITIONS 

 For the purposes of this Agreement,
the following terms shall have the following meanings, respectively: 
  

	 	a.	“Act” means the Business Corporations Act (Ontario), as amended from time to time; 

	 	b.	“Agreement” means this Agreement as may be amended or supplemented from time to time, including any and all schedules annexed hereto; 

  

	 	c.	“Annual Base Salary” has the meaning ascribed to that term in Section 5(a) hereof; 

  

	 	d.	“Audit Committee” means the audit committee of the Board of Directors of the Corporation as may be constituted from time to time; 

  

	 	e.	“Board of Directors” means the board of directors of the Corporation as may be constituted from time to time and “Directors” means the directors of
the Corporation; 

  

	 	f.	“Change of Control” means either of the following events: 

  

	 	i.	the sale of all or substantially all of the assets of the Corporation; or 

  

	 	ii.	any transaction whereby any person, together with Affiliates and Associates of such person, or any group of persons acting in concert (collectively, “Acquiror” or
“Acquirors”), acquires beneficial ownership of more than 50% of the issued common shares of the Corporation on a fully diluted basis, or any transaction as a result of which beneficial ownership of common shares constituting more than 50%
in the aggregate of the issued common shares of the Corporation on a fully diluted basis cease to be held by persons who are shareholders of the Corporation as at the date hereof or by Affiliates or Associates of such present shareholders;

 (for the purposes of this definition and this Agreement, whether persons are affiliated or associated shall be determined in
accordance with the definitions of “Affiliate” and “Associate” in the provisions of the Act as such provisions may be amended, supplemented or replaced from time to time and for purposes of this definition the terms
“group” and “beneficial ownership” shall have the meanings ascribed thereto under Section 14(d)(2) of the Securities Act and Rule 13d-3 of the General Rules of the
Securities Act, respectively); 
  

	 	g.	“Compensation Committee” means the compensation committee of the Board of Directors of the Corporation as may be constituted from time to time;

  

	 	h.	“Date of Termination” shall mean the date of termination of the Executive’s employment, whether by death of the Executive, by the Executive or by the
Corporation pursuant to the terms of this Agreement; 

  

	 	i.	“Disability” has the meaning ascribed to that term in Section 11(b) hereof; 

	 	j.	“Incumbent Director” shall mean any member of the Board of Directors who was a member of the Board of Directors immediately prior to a Change of Control and any
successor to an Incumbent Director who was recommended or appointed to succeed any Incumbent Director by the affirmative vote of the Directors when that affirmative vote includes the affirmative vote of a majority of the Incumbent Directors then on
the Board of Directors; 

  

	 	k.	“Just Cause” shall mean: 

  

	 	i.	the failure by the Executive to perform his duties according to the terms of his employment (other than those (A): that follow a demotion in his position or duties; or
(B) resulting from the Executive’s Disability) after the Corporation has given the Executive reasonable notice of such failure and a reasonable opportunity to correct it; 

  

	 	ii.	the engaging by the Executive in any act that is materially injurious to the Corporation, monetarily or otherwise, but not including, following a Change of Control, the expression
of opinions contrary to those directors of the Corporation who are not Incumbent Directors or those of the Acquirors; 

  

	 	iii.	the engaging by the Executive in any act of dishonesty resulting or intended to result directly or indirectly in personal gain of the Executive at the Corporation’s expense,
including the failure by the Executive to honour his fiduciary duties to the Corporation and his duty to act in the best interests of the Corporation; 

  

	 	iv.	the failure by the Executive to comply with the provisions of Section 11(c) where the Executive elects to terminate his employment with the Corporation unless such termination of
employment is properly given in accordance with the terms of Section 14(b) hereof; or 

  

	 	v.	the failure of the Executive to abide by the terms of any resolution passed by the Board of Directors. 

  

	 	l.	“Person” or “persons” includes an individual, sole proprietorship, partnership, unincorporated association, unincorporated syndicate,
unincorporated organization, trust, body corporate, and a natural person in his capacity as trustee, executor, administrator or other legal representative; 

  

	 	m.	 “Parachute Event” means the occurrence of the following without the Executive’s written consent (except in connection with the termination of
the 

	 	 
employment of the Executive for Just Cause or Disability or termination of the Executive’s employment because of the death of the Executive):

  

	 	i.	a material change (other than those that are consistent with a promotion) in the Executive’s position or duties, responsibilities, title or office in effect immediately prior
to the Change of Control (except for a change in any position or duties as a director of the Corporation), which includes any removal of the Executive from or any failure to re-elect or re-appoint the Executive to any such positions or offices.

  

	 	ii.	a material reduction by the Corporation or any of its subsidiaries of the Executive’s salary, benefits or any other form of remuneration payable by the Corporation or its
subsidiaries; or 

  

	 	iii.	any material failure by the Corporation or its subsidiaries to provide any benefit, bonus, profit sharing, incentive, remuneration or compensation plan, stock ownership or purchase
plan, pension plan or retirement plan in which the Executive is participating or entitled to participate immediately prior to a Change of Control, or the Corporation or its subsidiaries taking any action or failing to take any action that would
materially adversely affect the Executive’s participation in or materially reduce his rights or benefits under or pursuant to any such plan; 

  

	 	iv.	any other material breach by the Corporation of this Agreement; 

  

	 	n.	“Securities Act” means the Securities Exchange Act of 1934, as amended from time to time; 

  

	 	o.	“Voluntary Termination” means the termination of the Executive’s employment with the Corporation by the Executive at his discretion in accordance with the
provisions of Section 11(c) of this Agreement. 

  

	2.	TERM 

 The Corporation shall employ the Executive
for an indefinite period commencing on the date of this Agreement, subject, however, to earlier termination as hereinafter provided. 

	3.	DUTIES 

 The Executive shall serve the Corporation
and any subsidiaries of the Corporation in such capacity or capacities and shall perform such duties and exercise such powers pertaining to the management and operation of the Corporation and any Subsidiaries and Associates of the Corporation (as
those terms are defined in the Act) as may be determined from time to time by the Reporting Manager (as defined below) and the Chief Executive Officer (“CEO”) consistent with the office of the Executive. The Executive shall:

  

	 	i.	devote his full time and attention and his best efforts to the business and affairs of the Corporation; 

  

	 	ii.	perform those duties that may be assigned to the Executive diligently and faithfully to the best of the Executive’s abilities and in the best interests of the Corporation; and

  

	 	iii.	use his best efforts to promote the interests and goodwill of the Corporation. 

  

	4.	REPORTING PROCEDURES 

 The Executive shall report to
the Reporting Manager. The Executive shall report fully on the management, operations and business affairs of the Corporation and advise to the best of his ability and in accordance with business standards on business matters that may arise from
time to time during the term of this Agreement. 
  

	5.	REMUNERATION AND BENEFITS 

  

	 	a.	The annual base salary (“Annual Base Salary”) payable to the Executive for his services hereunder for each year of the term of this Agreement shall be
determined by the CEO upon recommendation by the Reporting Manager and set out in a separate document, subject to the provisions of Section 7, and exclusive of bonuses, benefits and other compensation as provided for herein. The Annual Base
Salary payable to the Executive pursuant to the provisions of this section 5 shall be payable in such manner as other payments are made by the Corporation to senior executives or in such other manner as may be mutually agreed upon, less, in any
case, all applicable deductions or withholdings as required by law. As of the date of this Agreement, the Annual Base Salary is CDN$300,000.00. 

  

	 	b.	 The Corporation shall provide the Executive with employee benefits comparable to those provided by the Corporation from time to time to other senior executives of
the Corporation. Benefits to be enjoyed by the Executive during the term of this Agreement shall be in accordance with 

	 	 
Schedule “A”, as amended from time to time, and shall include reimbursement of any properly incurred expenses as provided for in Section 10
hereof. 

  

	6.	ANNUAL PERFORMANCE BONUS 

 In addition to the
Executive’s Annual Base Salary, the Executive shall be entitled to earn a bonus (the “Performance Bonus”) which shall be based upon performance goals established by the Reporting Manager in conjunction with the CEO from time to
time and set forth in a separate document. Any changes respecting the amount or other terms of the Performance Bonus payable to the Executive must be approved by the Reporting Manager in conjunction with the CEO. As of the date of this Agreement,
the Performance Bonus target is CDN$125,000.00.  
  

	7.	SALARY AND/OR BONUS ADJUSTMENTS 

 Other than as
herein provided, there shall be no cost-of-living increase or merit increase in the Annual Base Salary or increases in any bonuses payable to the Executive unless agreed to in writing by the Reporting Manager and the CEO. The Reporting Manager and
the CEO shall review annually the Annual Base Salary and all other compensation to be received by the Executive under this Agreement. 
  

	8.	OPTIONS 

 The Corporation shall permit the Executive
to participate in any share option plan, share purchase plan, retirement plan or similar plan offered by the Corporation from time to time to its senior executives in the manner and to the extent authorized by the Compensation Committee of the Board
of Directors. The Compensation Committee of the Board of Directors may, in its absolute discretion, grant additional options, subject to approval by the Board of Directors, and it may review the advisability of additional option grants for the
Executive. 
  

	9.	VACATION 

 The Executive shall be entitled to
4 weeks paid vacation per fiscal year of the Corporation at a time approved in advance by the Reporting Manager, which approval shall not be unreasonably withheld but shall take into account the staffing requirements of the Corporation and
the need for the timely performance of the Executive’s responsibilities. Any vacation entitlement hereunder shall be subject to the Corporation’s policy respecting same in effect from time to time. 
  

	10.	EXPENSES 

 Subject to the terms of this section, the
Executive shall be reimbursed for all reasonable travel and other out-of-pocket expenses actually and properly incurred by the Executive from time to time in connection with carrying out his duties hereunder. Determination of whether 

 
expenses are reasonable or not shall be made by the Reporting Manager. For all such expenses the Executive shall furnish to the Corporation originals of all
invoices or statements in respect of which the Executive seeks reimbursement. 
  

	11.	TERMINATION 

  

	 	a.	For Just Cause 

 The Corporation may immediately terminate
the employment of the Executive for Just Cause without notice or any payment in lieu of notice, and for purposes of greater certainty, the Corporation shall have no obligation to make any payments to the Executive on account of severance or bonuses
or partial bonuses or any other amounts except as expressly stipulated in Section 12(a) hereof. 
  

	 	b.	For Disability/Death 

 This Agreement may be immediately
terminated by the Corporation by notice to the Executive if the Executive is determined to suffer from disability. The Executive shall be deemed to suffer from disability (hereinafter referred to as “Disability”) if in any year during the
employment period, because of ill health, physical or mental disability, or for other causes beyond the control of the Executive, the Executive has been continuously unable or unwilling or has failed to perform the Executive’s duties for 120
consecutive days, or if, during any year of the employment period, the Executive has been unable or unwilling or has failed to perform his duties for a total of 180 days, consecutive or not. The CEO, acting reasonably, shall (subject to paragraph 31
herein), finally determine if the Executive is suffering from ill health, physical or mental disability or other causes beyond his control during the time periods as hereinbefore set forth in the event of any dispute between the Executive and the
Corporation concerning the occurrence of Disability for purposes of this Section. 
 Notwithstanding any short term or long term corporate
benefits or insurance policies relating to disability maintained by the Corporation at the relevant time, if during any period of ill health, physical or mental disability or for other causes beyond the control of the Executive, the Executive has
been continuously unable or unwilling or has failed to perform the Executive’s duties less than 120 consecutive days (the “Short-Term Illness”), the Executive shall continue to receive all amounts of remuneration and benefits
otherwise payable to and enjoyed by the Executive under this Agreement less any and all amounts received by and/or payable to the Executive in connection with benefits paid and/or payable as a result of such Short-Term Illness (i.e. no duplicate
payments as a result of short term disability payments and the Executive’s salary payments that are due during the Short-Term Illness time period). Upon termination of this Agreement as a result of Disability, the Corporation shall pay to the
Executive the severance payment provided for in Subsection 12(b) hereof less any and all amounts received by and/or payable to the Executive in connection with benefits paid and/or payable as a result of the Disability. Upon termination of this
Agreement as a result of Disability, the Corporation shall permit the Executive to continue to participate in those employee benefits referred to in Section 5(b) hereof, to the 

 
extent enjoyed by the Executive prior to the occurrence of Disability, for the number of months of severance payments set forth in the chart on Exhibit 1.
The term “any year of the employment period” means any period of 12 consecutive months during the employment period. 
 This
Agreement shall terminate without notice or any payment in lieu thereof immediately upon the death of the Executive. 
  

	 	c.	Voluntary Termination by Executive 

 If the Executive is
desirous of voluntarily terminating his employment with the Corporation, the Executive agrees to give the Corporation 3 months advance written notice of such termination in which case the Executive shall not be entitled to any payment on account of
severance under Section 12(b) hereof. The Reporting Manager and the CEO may waive such notice in writing after consulting with the Board of Directors, in their sole and absolute discretion, in which case the Executive’s employment shall be
deemed to terminate immediately, provided the Executive shall still be entitled to compensation due on account of Annual Base Salary and benefits earned up to the last date of the 3 month advance written notice period given by the Executive and any
Performance Bonus earned and prorated during such 3 month notice period. Provided that the Executive gives the 3 month notice as required hereunder, any unvested options which would have otherwise vested during such advance written notice period
shall be permitted to continue to vest during such period. The Executive shall have the right to exercise any options which are vested as at the Date of Termination for the period which is 90 days following such Date of Termination (the “90 Day
Period”). For purposes of this Section 11(c), the term “Date of Termination” shall mean the actual day on which the Executive ceases to be employed plus the remainder of the 3 month notice period if and to the extent waived by
the Reporting Manager and the CEO in consultation with the Board of Directors. Any termination properly given under Section 14(b) hereof and in accordance with the terms thereof shall not be considered a voluntary termination under this
Section 11(c). 
  

	 	d.	Termination by Corporation Other than For Just Cause, Disability or Death 

 The Corporation may terminate the employment of the Executive, notwithstanding any other provision of this Agreement, upon compliance with the terms of Section 12(b) hereof. 
  

	12.	SEVERANCE PAYMENTS 

  

	 	a.	 Upon termination of the Executive’s employment for Just Cause, the Executive shall not be entitled to any severance or other payment other than Annual Base
Salary earned by the Executive before the Date of Termination calculated pro rata up to and including the Date of Termination and all outstanding and accrued vacation pay to the Date of Termination. Upon termination of the Executive’s
employment: (i) for death; or (ii) by the voluntary termination of the employment of the Executive by the Executive 

	 	 
pursuant to Section 11(c) hereof, the Executive shall not be entitled to any severance or other payment other than Annual Base Salary and any
Performance Bonus earned by the Executive before the Date of Termination calculated pro rata up to and including the Date of Termination (which under Section 11(c) shall be as defined therein) and all outstanding and accrued vacation pay to the
Date of Termination. 

 Notwithstanding anything to the contrary in Section 12.b below, the Executive shall not be
entitled to any Performance Bonus earned by the Executive before the Date of Termination unless the Executive gives the Corporation the advanced written notice required by Section 11(c) hereof. 
  

	 	b.	If the Executive’s employment is terminated by the Corporation for any other reason other than the reasons set forth in Section 12(a), the Executive shall be entitled to
receive, for the number of months of severance payments set forth in the chart on Exhibit 1, all of the health and dental benefits (other than disability benefits, accidental death and dismemberment benefits and life insurance benefits) that he
received from the Corporation immediately prior to the termination, PLUS: 

  

	 	(i)	All outstanding base salary earned before the Date of Termination, less any amounts that the Executive received in connection with benefits paid or payable as a result of Disability
if applicable; 

  

	 	(ii)	Any Performance Bonus which has been earned by the Executive before the Date of Termination calculated on a pro rata basis based on the number of months in the current bonus period
up to and including the Date of Termination ((pro rata Performance Bonus = annual Performance Bonus target / 12) x the number of months in the then-current bonus period up to and including the Date of Termination); 

  

	 	(iii)	Additional payments based on the Executive’s length of service with the Company, calculated as Executive’s monthly base salary for the number of months set forth in the
chart on Exhibit 1, less any amounts received by and/or payable to Executive in connection with benefits paid or payable as a result of the Disability if applicable; 

  

	 	(iv)	An amount equal to 1/12 of the Performance Bonus payments earned by Executive during the bonus year preceding the current bonus year times the number of months referred to in the
chart on Exhibit 1, based on Executive’s length of service with the Company; and 

	 	(v)	All outstanding and accrued vacation pay. 

 If, at the Date
of Termination, there were any memberships in any clubs, social or athletic organizations paid for by the Corporation pursuant to Schedule A hereof at the Date of Termination, the Corporation will not take any action to terminate such memberships
but will not renew any such membership that expires or reimburse the Executive for any further payments thereunder. 
 Any amounts due
hereunder on account of severance in 12.b.(iii) and 12.b.(iv) above shall be paid by the Corporation to the Executive on a monthly basis commencing 30 days following the Date of Termination and not in a lump sum. 
  

	 	c.	This section intentionally deleted. 

  

	 	d.	 Except as expressly stipulated in Sections 11(c) or 14 hereof or in this Section 12(d), any options which have not vested as of the Date of Termination (being
in the case where the Corporation gives notice, the date specified by the Corporation as the date on which the Executive’s employment will terminate) shall terminate and be of no further force and 

	 	 
effect as of the Date of Termination and neither any period of notice nor any payment in lieu thereof upon termination of employment hereunder shall be
considered as extending the period of employment for the purposes of vesting of options notwithstanding anything to the contrary in any other agreement between the Corporation and the Executive. Notwithstanding anything contained in this
Section 12, in the event of termination by the Corporation other than for Just Cause, the Executive shall have the right to exercise any options which are vested as at the Date of Termination for the 90 Day Period (as defined in
Section 11(c). Any unvested options which would have otherwise vested during such 90 Day Period shall continue to vest during that period and to the extent any unvested options have vested during such 90 Day Period, the Executive shall also be
entitled to exercise those options within a rolling 90 day period after the date of vesting of such options, which period will not exceed 180 days following the Date of Termination. In addition, notwithstanding anything contained in this
Section 12 or elsewhere in this Agreement, in the event of termination due to death of the Executive, the estate of the Executive shall be entitled, at any time during the period which is 12 months following the date of death of the Executive
(the “12 Month Period”), to exercise any options which have vested as at the date of death of the Executive. In addition, any unvested options which would have otherwise vested during such 12 Month Period shall continue to vest during that
period and to the extent of any unvested options have vested during such period, the Executive’s estate shall be entitled to exercise those options within a period which starts on the day of vesting and ends 12 months from the date of death of
the Executive. 

 For purposes of greater certainty, if the Executive is terminated for Just Cause, Death or if the Executive’s
employment hereunder is terminated by the Executive pursuant to Section 11(c) then no payment whatsoever shall be made to the Executive under this Section. 
  

	13.	NO FURTHER ENTITLEMENTS 

 Except as expressly
provided in Sections 11 and 12 above and Section 14 below, where the Executive’s employment has been terminated by the Executive or terminated or deemed to have been terminated by the Corporation for any reason, the Executive will not be
entitled to receive any further payments, in lieu of notice or as damages for any reason whatsoever. Except as to any entitlement as expressly provided in this Agreement, the Executive hereby waives any claims the Executive may have against the
Corporation for or in respect of termination pay, severance pay, or on account of loss of office or employment or notice in lieu thereof, or any other cause, including human rights legislation. 

	14.	OPTION ACCELERATION AND SEVERANCE PAYMENTS ON CHANGE OF CONTROL 

  

	 	a.	Termination by the Corporation 

 If the
Executive’s employment is terminated by the Corporation upon the giving of written notice of such termination to the Executive at any time within the 6 month period following a Change of Control (other than for Just Cause, Disability or Death),
then the Executive shall be entitled to the following: 
  

	 	i.	such payments on account of severance as provided for under Section 12(b) of this Agreement; and 

  

	 	ii.	notwithstanding anything to the contrary in Section 12 hereof or in this Agreement, all options granted by the Corporation to the Executive shall, following the giving of any
notice by the Corporation under this Section 14(a), be deemed to vest immediately and shall be exercisable by the Executive for a period of 90 days following the giving of such notice by the Corporation hereunder. 

  

	 	b.	Termination by Executive 

 If the Executive’s
employment is terminated by the Executive upon the giving of written notice of such termination to the Corporation within the 6 month period following a Change of Control, and within 60 days following the occurrence of a Parachute Event, which shall
be described in detail by the Executive in the written notice of termination given to the Corporation, the Executive shall be entitled to the following: 
  

	 	i.	such payments on account of severance as provided for under Section 12(b) of this Agreement; 

  

	 	ii.	notwithstanding anything to the contrary in Section 12 hereof or in this Agreement, all options granted by the Corporation to the Executive shall, following the giving of
proper notice by the Executive, under this Section 14(b), be deemed to vest immediately and shall be exercisable by the Executive for a period of 90 days following the giving of such notice. 

  

	15.	DISCLOSURE 

 During the employment period, the
Executive shall promptly disclose to the CEO full information concerning any interest, direct or indirect, of the Executive (as owner, shareholder, partner, lender or other investor, director, officer, employee, consultant or otherwise) or any
member of his family in any business that is reasonably known to the Executive to purchase or otherwise obtain services or products from, or to sell or otherwise provide services or products to the Corporation or to any of its suppliers or
customers. 

	16.	NON-COMPETITION/NON-SOLICITATION/PROPRIETARY RIGHTS AGREEMENT 

 The Executive agrees to execute contemporaneously with his execution of this Agreement the confidentiality, non-solicitation, non-competition and inventions/proprietary rights agreement in substantially the form
annexed hereto as Schedule “B”. 
  

	17.	RETURN OF MATERIALS 

 All files, forms, brochures,
books, materials, written correspondence, memoranda, documents, manuals, computer disks, software products and lists (including lists of customers, suppliers, products and prices) pertaining to the business of the Corporation or any of its
subsidiaries and associates that may come into the possession or control of the Executive shall at all times remain the property of the Corporation or such Subsidiary or Associate, as the case may be. On termination of the Executive’s
employment for any reason, the Executive agrees to deliver promptly to the Corporation all such property of the Corporation in the possession of the Executive or directly or indirectly under the control of the Executive. The Executive agrees not to
make for his personal or business use or that of any other party, reproductions or copies of any such property or other property of the Corporation. 
  

	18.	GOVERNING LAW 

 This agreement shall be governed by
and construed in accordance with the laws of the Province of Ontario. 
  

	19.	SEVERABILITY 

 If any provision of this agreement,
including the breadth or scope of such provision, shall be held by any court of competent jurisdiction to be invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall not affect the validity or enforceability of the
remaining provisions, or part thereof, of this agreement and such remaining provisions, or part thereof, shall remain enforceable and binding. 
  

	20.	ENFORCEABILITY 

 The Executive hereby confirms and
agrees that the covenants and restrictions pertaining to the Executive contained in this Agreement, are reasonable and valid and hereby further acknowledges and agrees that the Corporation would suffer irreparable injury in the event of any breach
by the Executive of his obligations under any such covenant or restriction. Accordingly, the Executive hereby acknowledges and agrees that damages would be an inadequate remedy at law in connection with any such breach and that the Corporation shall
therefore be entitled in lieu of any action for damages, temporary and permanent injunctive relief enjoining and restraining the Executive from any such breach. 

	21.	NO ASSIGNMENT 

 The Executive may not assign, pledge
or encumber the Executive’s interest in this agreement nor assign any of the rights or duties of the Executive under this agreement without the prior written consent of the Corporation. 
  

	22.	SUCCESSORS 

 This agreement shall be binding on and
enure to the benefit of the successors and assigns of the Corporation and the heirs, executors, personal legal representatives and permitted assigns of the Executive. 
  

	23.	NOTICES 

 Any notice or other communication required
or permitted to be given hereunder shall be in writing and either delivered by hand or mailed by prepaid registered mail. At any time other than during a general discontinuance of postal service due to strike, lock-out or otherwise, a notice so
mailed shall be deemed to have been received three business days after the postmarked date thereof or, if delivered by hand, shall be deemed to have been received at the time it is delivered. If there is a general discontinuance of postal service
due to strike, lock-out or otherwise, a notice sent by prepaid registered mail shall be deemed to have been received three business days after the resumption of postal service. Notices shall be addressed as follows: 
  

	 	i.	If to the Corporation: 

 275 Frank Tompa Drive 

Waterloo, Ontario 
 Canada N2L 0A1

  

	 	ii.	If to the Executive: 

 Paul J. McFeeters 

53 Lee Avenue 
 Toronto, Ontario

 Canada M4E2P1 
  

	24.	LEGAL ADVICE 

 The Executive hereby represents and
warrants to the Corporation and acknowledges and agrees that he had the opportunity to seek and was not prevented nor discouraged by the Corporation from seeking independent legal advice prior to the execution and delivery of this agreement and
that, in the event that he did not avail himself of that opportunity prior to 

 
signing this agreement, he did so voluntarily without any undue pressure and agrees that his failure to obtain independent legal advice shall not be used by
him as a defence to the enforcement of his obligations under this agreement. 
  

	25.	RESIGNATION OF DIRECTORSHIPS, ETC. 

 The Executive
agrees that after termination of his/her employment, he/she will, at the request of the CEO, tender his/her resignation from any position he/she may hold as an officer or director of the Corporation or any of its Affiliated or Associated companies,
and the Executive further covenants and agrees, if so requested by the CEO, not to stand for reelection to any office of the Corporation or any of its Affiliated or Associated companies at any time following termination of the Executive’s
employment hereunder. 
  

	26.	NO DEROGATION 

 Nothing herein derogates from any
rights the Executive may have under applicable law, except as set out in this section. The parties agree that the rights, entitlements and benefits set out in this Agreement to be paid to the Executive are in full satisfaction of any rights or
entitlements the Executive may have as against subsidiaries of the Corporation as a result of the termination of his employment with such subsidiaries. 
  

	27.	CURRENCY 

 All dollars referenced herein are in
Canadian dollars unless expressly provided to the contrary. 
  

	28.	NON-DISPARAGEMENT 

 The Executive covenants and
agrees that he shall not engage in any pattern of conduct that involves the making or publishing of written or oral statements or remarks (including, without limitation, the repetition or distribution of derogatory rumours, allegations, negative
reports or comments) which are disparaging, deleterious or damaging to the integrity, reputation or goodwill of the Corporation, its affiliates or its and their management. 
  

	29.	PRIVACY 

 The Executive acknowledges and agrees that
the Corporation may collect, use and disclose his personal information for purposes relating to his employment with the Corporation. The purposes of such collection, use and disclosure include, but are not limited to: 
  

	 	(a)	ensuring that the Executive is paid for his services to the Corporation which includes disclosure to third party payroll providers; 

	 	(b)	administering and/or facilitating the provision of any benefits to which the Executive is or may become entitled to, including bonuses, medical, dental, disability and life
insurance benefits, pension, group RRSP and/or stock options. This shall include the disclosure of the Executive’s personal information to the Corporation’s third party service providers and administrators; 

  

	 	(c)	compliance by the Corporation with any regulatory reporting and withholding requirements relating to the Executive’s employment; 

  

	 	(d)	in the event of a sale or transfer of all or part of the shares or assets of the Corporation, disclosing to any potential acquiring organization the Executive’s personal
information solely for the purposes of determining the value of the Corporation and its assets and liabilities and to evaluate the Executive’s position in the Corporation. If the Executive’s personal information is disclosed to any
potential acquiring organization, the Corporation will require the potential acquiring organization to agree to protect the privacy of the Executive’s personal information in a manner that is consistent with any policy of the Corporation
dealing with privacy that may be in effect from time to time and/or any applicable law that may be in effect from time to time; 

  

	 	(e)	compliance by the Corporation of its obligations to report improper or illegal conduct by any of its directors, officers, employees or agents under any applicable securities,
criminal or other law; and 

  

	 	(f)	monitoring the Executive’s access to the Corporation’s electronic media services in order to ensure that the use of such services is in compliance with the
Corporation’s policies and procedures and is not in violation of any applicable laws. 

 If the Executive’s specific consent to the
collection, use or disclosure of his personal information is required in the future, the Executive hereby agrees to provide such consent, and if the Executive refuses to provide or withdraws his consent, the Executive acknowledges that his
employment and/or his entitlement to certain employment benefits may be negatively affected. 
  

	30.	ENTIRE AGREEMENT 

 This Agreement constitutes the entire agreement
and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, written or oral, among the parties relating to such subject matter, including any other employment agreement made
between the Corporation and the Executive. 

	31.	ARBITRATION 

 If there is a disagreement or dispute
between the parties with respect to this Agreement or the interpretation thereof, such disagreement or dispute will be referred to binding arbitration to be conducted by a single arbitrator, if Executive and the Corporation agree upon one, otherwise
by three arbitrators appointed as hereinafter set out, pursuant to the provisions of the Arbitrations Act 1991 (Ontario) and any amendments thereto. A party who wishes to arbitrate shall give written notice of such intention to the other
party (a “Notice of Intention”). The arbitrator shall be appointed by agreement by agreement of Executive and the Corporation or, in default of agreement within ten (10) Business Days of service of the Notice of Intention, each of
Executive and the Corporation shall within five (5) Business Days of the expiry of the aforesaid ten (10) Business Day period, select one arbitrator and notify the other of its selection, with the third arbitrator to be chosen by the first
two named arbitrators within five (5) Business Days of the expiry of the aforesaid five (5) Business Day period. If one of the parties does not so notify the other of its selection within the prescribed time, then the arbitrator selected
by the other party in accordance with the above procedure shall be the sole arbitrator. The arbitration shall be held in the City of Toronto. The procedure to be followed shall be as agreed by the parties or, in default of agreement, determined by
the arbitrator(s), provided, however, that depositions or examinations for discovery will not be allowed but information may be exchanged by other means. The parties will use their best efforts to ensure that the arbitration hearing is conducted no
later than sixty (60) days after the arbitrator is, or arbitrators are, selected. The final decision of the arbitrator or arbitrators or any two of the three arbitrators will be furnished to the parties in writing and will constitute a
conclusive determination of the issue in question, binding upon the parties, without right of appeal. The fees and expenses of the arbitration shall be in the discretion of the arbitrator(s). Judgment upon the award may be entered in any court of
competent jurisdiction. 

	32.	NO CONFLICTING OBLIGATIONS 

 The Executive represents and warrants
that none of the negotiation, entering into or performance of this Agreement has resulted in or may result in a breach by the Executive of any agreement, duty or other obligation with or to any Person, including, without limitation, any agreement,
duty or obligation not to compete with any Person or to keep confidential the confidential information of any Person, and there exists no agreement, duty or other obligation binding upon the Executive that conflicts with the Executive’s
obligations under this Agreement. The Executive agrees to indemnify and hold the Corporation, its officers, directors, employees, agents and consultants harmless against any and all claims, liabilities, damages or costs incurred by any of them by
reason of an alleged violation by the Executive of the representations contained in this Section. 
 IN WITNESS WHEREOF the parties
hereto have executed this agreement as of the date first above written. 
  

							
		 	OPEN TEXT CORPORATION
			
		 	 Per:
	 	/s/ Tony Preston
		 		 	 (Vice President, Global Human Resources)
 Authorized Signing Officer

			
	SIGNED, SEALED AND DELIVERED	 		 	
	 in the presence of:
	 	 )
	 	
		 	 )
	 	
		 	 )
	 	/s/ Paul J. McFeeters
		 		 	Paul J. McFeeters

 SCHEDULE “A” 
 Remuneration – Benefits 
 Schedule “A” to the Employment Agreement made as
of the 3rd day of May, 2006, by and between Open Text Corporation (the “Corporation”) and Paul J. McFeeters (the “Executive”). 
 Benefits to be enjoyed by the Executive during the term of this Agreement shall include: 
  

	 	(i)	reimbursement of reasonable cell phone expenses consistent with corporate policy; 

  

	 	(ii)	each fiscal year you will be entitled to a $6,500 CDN perquisite allowance which may be used for reimbursement of the following types of services or fees: 

 

	 	•	 	Financial planning 

  

	 	•	 	Tax planning 

  

	 	•	 	Estate planning 

  

	 	•	 	Athletic/Health Club 

  

	 	(iii)	the services of Medisys Health Group Inc. have been retained to provide mandatory and regular Health Examinations to our senior executive team. 

 SCHEDULE “B” 
 CONFIDENTIALITY, NON-SOLICITATION AND NON-COMPETITION 
 AGREEMENT

 [Attached to original copy of agreement; not reproduced here.] 

 Exhibit 1 
 Severance Payment vs. Length of Service 
  

			
	 Length of Service (years)
	 	 Severance Payments in Months

	 Less than or equal to 10
	 	6
	 Greater than 10
	 	12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]