Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.17

 

CANEUM, INC.

AMENDMENT NO. 1

TO

CONSULTING AGREEMENT

This First Amendment (the “Amendment”), entered into this 20th day of March 2007,
is to the Consulting Agreement (“Agreement”) effective December 31, 2006, by and between Caneum,
Inc. United States (“Caneum”) and Burdock Inc., a Saint Vincent & the Grenadines company
(“Consultant”).

RECITALS:

WHEREAS, on or about January 19, 2007, the parties entered into the Agreement, the purpose of
which was to replace and supersede the prior Consulting Agreement dated effective December 31,
2006; and

WHEREAS, the parties desire to amend the Agreement as provided herein;

NOW, THEREFORE, pursuant to §15 of the Agreement, the parties hereto mutually agree to amend
the Agreement as follows:

1. Amendment to Stock Signing Bonus. Paragraph (ii) of §8.2 is hereby amended to read
as follows:

(ii) Stock. Upon execution of this Agreement by the parties hereto, Caneum
shall issue to Consultant 82,989 shares of common stock of Caneum as a sign on bonus, of
which 22,334 are hereby authorized and directed by Consultant to be issued and delivered to
Saffron Capital Merchant Partners LLC (the “Finder”) to satisfy Consultant’s obligation
under the letter agreement dated January 16, 2006, with the Finder (the “Finder’s
Agreement”); provided that prior to delivery of such shares by Caneum, Consultant and Finder
shall execute and deliver a standard investor representation form evidencing compliance with
U.S. securities laws.

2. Additional Cash Payment. Paragraph (iii) is hereby added to §8.2 to read as
follows:

(iii) Cash. Upon execution of this Agreement by the parties hereto, Caneum
shall pay to Consultant $70,000 as a sign on bonus.

 

 

 

3. Remainder of Agreement. Except as amended hereby, the Agreement shall continue to
be, and shall remain, in full force and effect. Except as provided herein, this Amendment shall
not be deemed (i) to be a waiver of, or consent to, or a modification or
amendment of, any other term or condition of the Agreement or (ii) to prejudice any right or
rights which Caneum may now have or may have in the future under or in connection with the
Agreement or any of the instruments or agreements referred to therein, as the same may be amended,
restated, supplemented or otherwise modified from time to time.

4. Incorporation by Reference. The terms of the Agreement are incorporated herein by
reference and shall form a part of this Amendment as if set forth herein in their entirety.

IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement the respective day
and year set forth below to be effective as of the day and year first written above.

	 	 	 	 	 
	CANEUM:	 	CANEUM, INC.
	 
	 	 	 	 
	Date: April 4, 2007

	 	By:
	 	/s/ Suki Mudan
	 

	 	 	 	 
	 

	 	Name:
	 	Suki Mudan
	 

	 	 	 	 
	 

	 	Title:
	 	President
	 

	 	 	 	 
	 
	 	 	 	 
	CONSULTANT:	 	BURDOCK INC.
	 
	 	 	 	 
	Date: April 4, 2007

	 	By:
	 	/s/ Scapa Directors Inc.
	 

	 	 	 	 
	 

	 	Name:
	 	Scapa Directors Inc.
	 

	 	 	 	 
	 

	 	Title:
	 	Director, BURDOCK
	 

	 	 	 	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.18

CANEUM, INC.

AMENDMENT NO. 2

TO

CONSULTING AGREEMENT

This Second Amendment (the “Amendment”), entered into this 23rd day of April 2007,
is to the Consulting Agreement effective December 31, 2006, as amended April 4, 2007, (the
"Agreement”) by and between Caneum, Inc. United States (“Caneum”) and Burdock Inc., a Saint Vincent
& the Grenadines company (“Consultant”).

RECITALS:

WHEREAS, the parties desire to amend the compensation arrangements under the Agreement; and

WHEREAS, the parties desire to amend the Agreement as provided herein;

NOW, THEREFORE, pursuant to §15 of the Agreement, the parties hereto mutually agree to amend
the Agreement as follows:

1. Amendment to Stock Signing Bonus. Paragraph (i) of §8.2 is hereby eliminated in
its entirety.

2. Remainder of Agreement. Except as amended hereby, the Agreement shall continue to
be, and shall remain, in full force and effect. Except as provided herein, this Amendment shall
not be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other
term or condition of the Agreement or (ii) to prejudice any right or rights which Caneum may now
have or may have in the future under or in connection with the Agreement or any of the instruments
or agreements referred to therein, as the same may be amended, restated, supplemented or otherwise
modified from time to time.

3. Incorporation by Reference. The terms of the Agreement are incorporated herein by
reference and shall form a part of this Amendment as if set forth herein in their entirety.

 

 

 

IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment the respective day
and year set forth below to be effective as of the day and year first written above.

	 	 	 	 	 
	CANEUM:	CANEUM, INC.

 	 
	Date:  April 23, 2007 	By:  	/s/ Suki Mudan
 	 
	 	 	Name:  	Suki Mudan 	 
	 	 	Title:  	President 	 
	 
	CONSULTANT: 	BURDOCK INC.

 	 
	Date:  April 25, 2007 	By:  	Scapa Directors Inc
 	 
	 	 	Name:  	Scapa Directors Inc. 	 
	 	 	Title:  	Director, BURDOCK 	 
	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.19

EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) entered into this 31st day of
December 2006 (the “Effective Date”), is by and between, Continuum Systems Private Limited, a
company incorporated under the Companies Act, 1956, and having its registered office at 204, Chandi
Plaza, 234-A, Sant Nagar, New Delhi — 110065, India with its principal place of business at DLF
Supermart 1, Gurgaon, Haryana, (hereinafter referred to as the “Continuum”, which expression shall,
unless repugnant to the context, include its successors and permitted assigns) and Jesper Lindorff,
son of Helge Holst Lindorff, age 34, residing at E-26 Richmond Park, DLF Phase 4, Gurgaon 122002,
Haryana, India, (hereinafter referred to as “the Employee”, which expression shall, unless
repugnant to the context, include its heirs, legal representatives and permitted assigns) .

Recitals:

Whereas, Continuum had entered into an Employment Agreement dated December 31, 2006
with the Employee to engage his services as Continuum’s Chief Executive Officer for a term of two
(2) years which term will expire upon the effectiveness of this Agreement;

Whereas, Continuum desires to continue the engagement of the services of the Employee
as its Chief Executive Officer and the Employee is willing to continue his employment with
Continuum and render services to Continuum in consideration of the terms and conditions agreed to
by the parties; and

Whereas, the Board of Directors of Continuum (the “Board”) has approved the
continuation of employment of the Employee as Chief Executive Officer of Continuum on the terms and
conditions set forth in this Agreement;

Now therefore, in consideration of the mutual covenants and promises contained
herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties hereto, Continuum agrees to employ the Employee, and the Employee
agrees to perform services for Continuum as an employee, upon the terms and conditions set forth
herein.

	1.	 	Term.

The initial term of this Agreement shall begin on the Effective Date and be for a period of
two (2) years (‘hereinafter referred to as the ‘Employment Term’), unless it is terminated earlier
as provided herein. Beginning on the last date of the said two (2) year period, and on each
anniversary thereafter, unless it is terminated earlier as provided herein or Continuum delivers
written notice to the Employee of its intention not to extend the Agreement at least ninety (90)
days before such anniversary date, the term of this Agreement shall automatically be extended for
one additional year. The mitigation offset provisions in clause 7 hereof, restrictive covenants in
Section 9 hereof and the indemnification provisions in clause 12 shall survive the termination of
this Agreement.

	2.	 	Title and Duties.

	 	a.	 	Chief Executive Officer.

The Employee shall be employed as Chief Executive Officer of Continuum. The Employee shall
manage and conduct the day-to-day business and affairs of Continuum with power to enter into
contracts on behalf of Continuum in the ordinary course of business and to do and perform all acts
and things which in the ordinary course of business he may consider necessary or proper or in the
best interests of Continuum and shall perform such services consistent with his position. The
Board has caused the appointment of the Employee to serve as the Chief Executive Officer of
Continuum and Employee shall have such responsibilities and authority as is commensurate with such
office and as may be prescribed by the Board and Articles of Association of Continuum. The Board
shall have the right to review and change the responsibilities of Employee from time to time as it
may deem necessary or appropriate, provided,
however, that such responsibilities shall not be inconsistent with the Employee’s position as
Chief Executive Officer of Continuum.

 

 

 

	 	b.	 	Quarterly Operating Budgets.

Within thirty days following the Effective Date, the Board shall, in good faith and in
consultation with the Employee, establish an operating budget for Continuum for the quarter ending
March 31, 2007. Not later than fifteen days prior to each operating quarter beginning after March
31, 2007, the Board shall, in good faith and in consultation with the Employee, establish an
operating budget for the next subsequent operating quarter. The Employee shall manage and operate
Continuum in accordance with the terms of the applicable budget. Any material expenditure proposed
to be made by Continuum which shall differ from the operating budget adopted by the Board shall
require the approval of the Board, which approval shall not be unreasonably withheld.

	3.	 	Location.

The Employee’s place of employment shall be the offices of Continuum in Gurgaon, Haryana,
India, or at such other location as mutually agreed between Employee and the Board.

	4.	 	Extent of Services.

	 	a.	 	Duty to Perform Services.

The Employee agrees not to engage in any business activities, whether for any profit, gain, or
other pecuniary advantage, during the term of this Agreement except those that are for the benefit
of Continuum and its group companies, and to devote 100% of his entire business time, attention,
skill, and effort during business hours to the performance of his duties under this Agreement for
Continuum and any corporation controlled by Caneum now or during the term of this Agreement.
Notwithstanding the foregoing, the Employee may engage in charitable, professional and civic
activities at his own expense, that do not impair the performance of his duties to Continuum, as
the same may be changed from time to time. While employed by Continuum, the Employee may not serve
on the board of directors of any other company except Continuum and its group companies. Nothing
contained herein shall prevent the Employee from managing his own personal investments and affairs,
including, but not limited to, investing his assets in the securities of publicly traded and
unlisted companies; provided, however, that the Employee’s activities do not constitute a conflict
of interest, violate securities laws of India, or otherwise interfere with the performance of his
duties and responsibilities as described herein. The Employee agrees to adhere to Continuum’s
published policies and procedures, as adopted from time to time, affecting directors, officers,
employees, and agents as applicable to him and shall use his best efforts to promote Continuum’s
interest, reputation, business and welfare within and outside the country.

	 	b.	 	Corporate Opportunities.

The Employee agrees that he will not take personal advantage of any Continuum business
opportunities that arise during his employment with Continuum and that might be of benefit to
Continuum. All material facts regarding such opportunities must be promptly reported to the Board
of Continuum for consideration.

	5.	 	Compensation and Benefits.

	 	a.	 	Base Salary.

The Employee’s annual base salary shall be Rs.789,600. The base salary shall be payable in 12
(twelve) equal installments in accordance with Continuum’s standard payroll practices. The
Employee’s annual base salary shall be further reviewed no less frequently than annually for
increases in the discretion of the Continuum Compensation Committee and/or Board, taking into
account the compensation level for employees with similar skills and responsibilities at companies
in the same industry comparable to Continuum, the financial condition of Continuum, and the
Employee’s value to Continuum relative to other members of the senior executive management of
Continuum; provided, however, that at no
time during the term of this Agreement shall the Employee’s base salary be decreased from the
base salary then in effect except as part of a general program of salary adjustment by Continuum
applicable to all vice presidents and above.

 

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	 	b.	 	Other Benefits.

During the Employment Term, Employee will be entitled to participate in the employee benefit
plans currently and hereafter maintained by Continuum of general applicability to other senior
executives of Continuum, including, without limitation, Continuum’s group medical, dental, vision,
disability, life insurance, and flexible-spending account, in accordance with Continuum’s policy.
In addition the Employee shall be entitled to all other statutory benefits applicable to Continuum.
Continuum shall give credit for services rendered by the Employee to Continuum before the execution
of this Agreement for the determination of his seniority and for computation of all benefits and
payments to be made to him by Continuum under this Agreement.

	 	c.	 	Vacation.

Employee will be entitled to paid vacation of twenty days per year in accordance with
Continuum’s vacation policy, with the timing and duration of specific vacations mutually and
reasonably agreed to by the parties hereto. The Employee shall be entitled to public holidays with
pay as per Continuum’s policy.

	 	d.	 	Reimbursement of Business Expenses.

Continuum shall promptly reimburse the Employee for all travel, entertainment and other
expenses incurred or paid by the Employee in connection with, or related to, the performance of his
duties, responsibilities or services under this Agreement, upon presentation by the Employee of
such supporting information and documentation as Continuum may reasonably request in accordance
with company policy.

	6.	 	Termination of Employment.

	 	a.	 	Termination Due to Death.

The Employee’s employment and this Agreement shall terminate immediately upon his death. If
the Employee’s employment is terminated due to his death, his estate or his beneficiaries, as the
case may be, shall be entitled to:

(i) payment of any unpaid portion of his base salary through the date of such
termination;

(ii) reimbursement for any outstanding reasonable business expenses he
incurred in performing his duties hereunder;

(iii) any pension survivor benefits that may become due pursuant to any
employee benefit plan or program of Continuum; and

(iv) payment of any accrued but unpaid benefits, and any other rights, as
required by the terms of any employee benefit plan or program of Continuum, this
Agreement, or any other agreement between Continuum and the Employee.

	 	b.	 	Termination Due to Disability.

Continuum may terminate the Employee’s employment at any time if the Employee becomes
disabled, upon written notice by Continuum to the Employee. For all purposes under this Agreement,
“Disability” shall mean that the Employee, at the time the notice is given, has been unable to
perform his duties under this Agreement for a period of not less than ninety (90) days during any
180-day period as a result of the Employee’s incapacity due to physical or mental illness. If the
Employee’s employment is terminated due to his disability, he shall be entitled to:

(i) payment of any unpaid portion of his base salary through the date of such
termination;

 

3

 

(ii) reimbursement for any outstanding reasonable business expenses he has
incurred in performing his duties hereunder;

(iii) payment of any accrued but unpaid benefits, and any other rights, as
required by the terms of any employee benefit plan or program of Continuum, this
Agreement, or any other agreement between Continuum and the Employee; and

(iv) any pension survivor benefits that may become due pursuant to any
employee benefit plan or program of Continuum.

	 	c.	 	Termination for Cause.

Continuum may terminate the Employee’s employment at any time for Cause, provided that it
gives written notice of termination to the Employee as set forth below. If the Employee’s
employment is terminated for Cause, as defined below, he shall be entitled to:

(i) payment of any unpaid portion of his base salary through the date of such
termination;

(ii) reimbursement for any outstanding business expenses he incurred in
performing his duties hereunder; and

(iii) payment of any accrued but unpaid benefits, and any other rights, as
required by the terms of any employee benefit plan or program of Continuum, this
Agreement, or any other agreement between Continuum and the Employee.

For purposes of this Agreement, a termination for “Cause” shall mean: (i) the final conviction of
Employee of, or Employee’s plea of guilty or nolo contendere, to any felony involving moral
turpitude, (ii) the final conviction of Employee of, or Employee’s plea of guilty or nolo
contendere to, any fraud, misappropriation, misfeasance, negligence or embezzlement by Employee in
connection with Employee’s duties to Continuum, or (iii) Employee’s willful failure or gross
misconduct in the performance of his duties to Continuum.

If Continuum exercises its right to terminate the Employee for Cause, Continuum shall: (1)
give the Employee written notice of termination at least thirty (30) days before the date of such
termination specifying in detail the conduct constituting such Cause, and (2) deliver to the
Employee a copy of a resolution duly adopted by a majority of the entire membership of the Board,
excluding interested directors, after reasonable notice to the Employee and an opportunity for the
Employee to be heard in person by members of the Board, finding that the Employee has engaged in
such conduct.

	 	d.	 	Voluntary Termination.

If the Employee voluntarily terminates his employment on his own initiative for reasons other
than his death or disability or constructive termination without Cause, he shall be entitled to:

(i) payment of any unpaid portion of his base salary upto the effective date
of such termination;

(ii) reimbursement for any outstanding reasonable business expenses he has
incurred in performing his duties hereunder;

(iii) payment of any accrued but unpaid benefits, and any other rights, as
required by the terms of any employee benefit plan or program of Continuum , this
Agreement, or any other agreement between Continuum and the Employee.

A voluntary termination under this paragraph shall be effective upon fifteen (15) days’ prior
written notice to Continuum unless the parties mutually agree to extend the effective date.

For purposes of this Agreement, constructive termination without Cause shall mean a
termination of the Employee at his own initiative following the occurrence, without the Employee’s
prior written consent, of one or more of the following events not on account of Cause:

 

4

 

(1) a reduction in the Employee’s then current base salary, or the termination or
significant reduction of any benefit or perquisite enjoyed by Employee;

(2) the failure of Continuum to obtain an assumption in writing of its obligation to
perform under this Agreement by any successor to all or substantially all of the assets of
Continuum in connection with any merger, consolidation, sale or similar transaction in
accordance with clause 13 hereof. [Note: Transposed from deleted d. above.]

	7.	 	Mitigation and Offset.

If the Employee’s employment is terminated during the term of this Agreement pursuant to the
provisions of paragraph 6(d), above, the Employee shall be under no duty or obligation to seek or
accept other employment, and no payment or benefits of any kind due him under this Agreement shall
be reduced, suspended or in any way offset by any subsequent employment. The obligation of
Continuum to make the payments provided for in this Agreement shall not be affected by any
circumstance including, by way of example rather than limitation, any set-off, counterclaim,
recoupment, defense, or other right that Continuum may assert, or due to any other employment or
source of income obtained by the Employee.

	8.	 	Entitlement to Other Benefits.

Except as expressly provided herein, this Agreement shall not be construed as limiting in any
way any rights or benefits the Employee, his spouse, dependents or beneficiaries may have pursuant
to any other employee benefits plans or programs.

	9.	 	Confidentiality.

a. Definition. “Confidential Information” means any non-public confidential information that
relates to the actual or anticipated business or research and development of Continuum, technical
data, trade secrets or know-how, including, but not limited to, research, product plans or other
information regarding Continuum’s products or services and markets therefor, customer lists and
customers with whom Employee became acquainted directly as a result of providing Services during
the term of this Agreement), software, developments, inventions, processes, formulas, technology,
designs, drawing, engineering, hardware configuration information, marketing, finances or other
business information. Confidential Information does not include information that (i) is known to
Employee at the time of disclosure to Employee by Continuum as evidenced by written records of
Employee, (ii) has become publicly known and made generally available through no wrongful act of
Employee or (iii) has been rightfully received by Employee from a third party who is authorized to
make such disclosure.

b. Nonuse and Nondisclosure. Employee will not, during or subsequent to the term of this
Agreement, (i) use the Confidential Information for any purpose whatsoever other than the
performance of the Services on behalf of Continuum or (ii) disclose the Confidential Information to
any third party without the consent of Continuum. Employee agrees that all Confidential
Information will remain the sole property of Continuum. Employee also agrees to take reasonable
precautions to prevent unauthorized disclosure of such Confidential Information.

c. Former Client Confidential Information. Employee agrees that he will not, during the term
of this Agreement, improperly use or disclose to Continuum any proprietary information or trade
secrets of any former or current employer of Employee or other person or entity with which Employee
has an agreement or duty to keep in confidence information acquired by Employee, if any. Employee
also agrees that Employee will not bring onto Continuum’s premises any unpublished document or
proprietary information belonging to any such employer, person or entity unless consented to in
writing by such employer, person or entity.

d. Third Party Confidential Information. Employee recognizes that Continuum has received and
in the future will receive from third parties their confidential or proprietary information subject
to a duty on Continuum’s part to maintain the confidentiality of such information and to use it
only for certain limited purposes. Employee agrees that, during the term of this Agreement and
thereafter,
Employee owes Continuum and such third parties a duty to hold all such confidential or
proprietary information in the strictest confidence and not to disclose it to any person, firm or
corporation or to use it except as necessary in carrying out the Services for Continuum consistent
with Continuum’s agreement with such third party.

 

5

 

e. Return of Materials. Upon the termination of this Agreement, or upon Continuum’s earlier
request, Employee will deliver to Continuum all of Continuum’s property, including but not limited
to all electronically stored information and passwords to access such property, or Confidential
Information that Employee may have in Employee’s possession or control; provided, however, that
Employee may retain a copy of such materials for archival purposes.

	10.	 	Arbitration.

Any controversy, dispute or claim arising out of or relating to this Agreement or breach
thereof shall first be settled through good faith negotiation. If the dispute cannot be settled
through negotiation, the parties may refer the dispute to arbitration of a sole arbitrator in
accordance with the provisions of the Arbitration and Conciliation Act, 1996. The arbitration
proceedings shall be held at New Delhi, India and shall be conducted in the English language.
Awards relating to any dispute shall be final and binding on the Employee and Continuum. The
Parties agree and undertake to carry out any decision or award of the arbitrator relating to such
dispute without delay. The arbitrator shall give a reasoned decision or award. Each party shall
bear its own cost for the arbitration proceedings.

	12.	 	Indemnification.

Continuum agrees that if the Employee is made a party, or is threatened to be made a party, to
any action, suit or proceeding, whether civil, criminal, administrative, or investigative (a
“Proceeding”), by reason of the fact that he is or was a director, officer or employee of
Continuum, or is, or was, serving at the request of Continuum as a director, officer, member,
employee or agent of another corporation, partnership, limited liability company, joint venture,
trust or other enterprise, including service with respect to employee benefit plans, whether or not
the basis of such Proceeding is the Employee’s alleged action in an official capacity while serving
as a director, officer, member, employee or agent, the Employee shall be indemnified and held
harmless by Continuum to the extent permitted by applicable law in India or authorized by
Continuum’s articles of association . To the extent consistent with the foregoing, this obligation
to indemnify the Employee and hold him harmless shall continue even if he has ceased to be a
director, officer, member, employee or agent of Continuum or other such entity described above, and
shall inure to the benefit of the Employee’s heirs, executors and administrators. To the extend
permitted by applicable Indian law, or the articles of incorporation, Continuum shall advance to
the Employee all reasonable costs and expenses incurred by him in connection with a proceeding
within ten (10) days after receipt by Continuum of a written request for such advance. Such
request shall include an undertaking by the Employee to repay the amount of such advance if it
shall ultimately be determined by a final court of law having jurisdiction that the Employee is not
entitled to be indemnified against such costs and expenses.

Neither the failure of Continuum (including its Board, independent legal counsel or
stockholders) to have made a determination before such Proceeding concerning payment of amounts
claimed by the Employee under the paragraph above that indemnification of the Employee is proper
because he has met the applicable standards of conduct, nor a determination by Continuum (including
its Board, independent legal counsel or stockholders) that the Employee has not met such applicable
standards of conduct, shall create a presumption that the Employee has not met the applicable
standards of conduct.

	13.	 	Assignability and Binding Nature.

No rights or obligations under this Agreement may be assigned or transferred by Continuum
except that such rights or obligations may be assigned or transferred pursuant to a merger or
consolidation in which Continuum is not the continuing entity, or the sale or liquidation of all or
substantially all of the assets of Continuum, provided that the assignee or transferee is the
successor to all or substantially all of the assets of Continuum and such assignee or transferee
assumes the liabilities, obligations, and duties of Continuum, as contained in this Agreement,
either contractually or as a matter of law and provided that the
Employee agrees to such assignment. Continuum further agrees, that in the event of a sale of
assets or liquidation as described in the foregoing sentence, it shall take whatever action it is
legally entitled to take in order to cause the assignee or transferee to expressly assume the
liabilities, obligations, and duties of Continuum under this Agreement. Notwithstanding any such
assignment, Continuum shall not be relieved from liability under this Agreement. No rights or
obligations of the Employee under this Agreement may be assigned or transferred by the Employee,
other than his right to receive compensation and benefits, provided such assignment or transfer is
otherwise permitted by law.

 

6

 

	14.	 	Notices.

All notices required or permitted hereunder shall be in writing and shall be deemed effective:
(1) upon personal delivery; (2) by facsimile upon confirmation of transmission by facsimile; or (3)
in the case of delivery by internationally recognized overnight delivery service, when received,
addressed as follows:

If to Continuum to:

2nd Floor, Chandi Plaza

234-A Sant Nagar

New Delhi — 110065

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

Ronald N. Vance

Attorney at Law

1656 Reunion Avenue, Suite 250

South Jordan, UT 84095

Facsimile: (801) 446-8803

If to the Employee, to:

Jesper Lindorff

E-26, Richmond Park

DLF Phase 4, Gurgaon 122002

Haryana, India

Facsimile: +1 925 281 5495

or to such other address or addresses as either party shall designate to the other in writing from
time to time by like notice.

	15.	 	Amendment.

This agreement may be amended or modified only by a written instrument executed by both
Continuum and the Employee.

	16.	 	Pronouns.

Whenever the context might require, any pronouns used herein shall include the corresponding
masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the
plural, and vice versa.

	17.	 	Captions.

The captions appearing herein are for convenience of reference only and in no way define,
limit or affect the scope or substance of any section hereof.

 

7

 

	18.	 	Time.

All references herein to periods of days are to calendar days, unless expressly provided
otherwise. Where the time period specified herein would end on a weekend or holiday, the time
period shall be deemed to end on the next business day.

	19.	 	Entire Agreement.

This Agreement constitutes the entire agreement between Continuum and the Employee relating to
the subject matter hereof and supersedes all prior agreements and understandings, whether written
or oral relating to the subject matter hereof.

	20.	 	Severability.

In case any provision hereof shall be held by a court or arbitrator with jurisdiction over
Continuum or the Employee to be invalid, illegal, or otherwise unenforceable, such provision shall
be restated to reflect as nearly as possible the original intentions of Continuum and the Employee
in accordance with applicable law, and the validity, legality, and enforceability of the remaining
provisions shall in not way be affected or impaired thereby.

	21.	 	Waiver.

No delays or omission by Continuum or the Employee in exercising any right hereunder shall
operate as a waiver of that or any other right. A waiver or consent given by Continuum or the
Employee or any one occasion shall be effective only in that instance and shall not be construed as
a bar or waiver of any right on any other occasion.

	22.	 	Governing Law/JURISDICTION.

This Agreement shall be construed, interpreted, and enforced in accordance with the laws of
India, and shall be subject to the jurisdiction of the courts at Delhi.

	23.	 	[Reserved]

	 
	24.	 	Withholding.

Continuum shall make the requisite deductions from the Employee’s salary and/or benefits under
the Income Tax Act, 1961.

	25.	 	Counterparts.

This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument.

	26.	 	Full Knowledge.

By their signatures, the parties acknowledge that they have carefully read and fully
understand the terms and conditions of this Agreement, that each party has had the benefit of
separate counsel, or has been advised to obtain separate counsel, and that each party has freely
agreed to be bound by the terms and conditions of this Agreement.

 

8

 

In Witness Whereof, each of the parties has executed this Agreement the respective
day and year set forth below.

Continuum:

	 	 	 	 	 
	 	 	 
	Date:  December 31st, 2006 	By:  	/s/ Suki Mudan
 	 
	 	 	Director 	 
	 	 	 	 
	 

EMPLOYEE:

	 	 	 	 	 
	 	 	 
	Date:  December 31, 2006 	/s/ Jesper Lindorff
 	 
	 	Jesper Lindorff 	 
	 	 	 
	 

 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]