Document:

Exhibit 10.18

 Exhibit 10.18 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement is dated as of September 19, 2000 (this
“Employment Agreement”). 
  

			
	BETWEEN:	  	TOUCHTUNES MUSIC CORPORATION, a company duly incorporated under the laws of the State of Nevada having its head office in Buffalo Grove, State of Illinois, United States of America
(the “Employer”).
		
	AND:	  	 Mr. Dan McAllister (the “Employee”).
 315 Oreland Mill Road
 Oreland, PA
 USA, 19075

  
  
  

	1.	Employment 

  

	 	(a)	The Employer hereby engages the services of the Employee to fulfill such duties and responsibilities as are set forth in Appendix A. The Employer may amend Appendix A
from time to time to include such other duties and responsibilities reasonably related to those set forth in Appendix A. 

  

	 	(b)	The Employee hereby accepts such employment and agrees to discharge his duties and responsibilities hereunder faithfully and diligently. 

  

	2.	Term of Employment 

 It is understood, that the
Employee is a Employee at will and that this Agreement shall continue until the termination terms of Section 8. The period during which the Employee is employed hereunder is here and after referred as the Employment Term. 
  

	3.	Compensation 

  

	 	(a)	The Employer shall pay to the Employee so long as he shall be employed hereunder a weekly salary based on the terms and conditions set forth in Appendix B hereto.

  

	 	(b)	The Employee shall not, at any time, accept monies in his name which are due to the Employer in exchange for any payment or salary advance from the Employer. In the event that the
Employee receives from a person any monies due to the Employer, the Employee is obliged, upon their reception, to remit such monies to the Employer. 

	4.	Expenses 

 The Employer shall reimburse the
Employee, upon presentation of supporting statements, receipts or vouchers as the Employer may reasonably require, for all reasonable out-of-pocket expenses incurred by him in the performance of his services hereunder, in accordance with the
Employer’s policies and rules. 
  

	5.	Confidentiality 

 The Employee shall not, directly
or indirectly, without the specific prior written consent of the Employer, at any time after the date hereof, divulge to any business, enterprise, person, firm, corporation, partnership, association or other entity, or use for the Employee’s
own benefit, (i) any confidential information concerning the businesses, affairs, customers, suppliers or clients of the Employer or its affiliates, including, without limitation, any trade secret (process, plan, form, marketing strategy,
etc.), all computer programs in any form (diskette, hard disk, tape, printed circuit, etc.), all access codes to computer programs together with any plan, sketch, diagram, card, contract, bid, price list and client list relative to the
Employer’s business, or (ii) any non-public data or statistical information of the Employer or its affiliates, whether created or developed by the Employer or its affiliates or on their behalf or with respect to which the Employee may have
knowledge or access (including, without limitation, any of the foregoing created or developed by the Employee), it being the intent of the Employer and the Employee to restrict the Employee from disseminating or using any data or information that is
at the time of such use or dissemination unpublished and not readily available or generally known to persons involved or engaged in businesses of the type engaged in from time to time by the Employer (the “Confidential Information”). For
purposes of this Employment Agreement, Confidential Information shall not be deemed to include: 
  

	 	(i)	Information that, at the time of disclosure under this Employment Agreement or during Employee’s employment, is in the public domain or that, after disclosure under this
Employment Agreement or in connection with Employee’s employment, becomes part of the public domain by publication or otherwise through no action or fault of Employee or any other party subject to an obligation of confidentiality;

  

	 	(ii)	Information that the Employer authorizes Employee to disclose in writing; or 

  

	 	(iii)	Information that Employee is required to disclose pursuant to a final court order that the Employer has had an opportunity to contest prior to any such disclosure.

 This undertaking to respect the confidentiality of the Confidential Information and to not make use of or disclose or discuss
it to or with any person shall continue to have full effect notwithstanding the termination of the Employee’s employment with the Employer. 

	6.	Intellectual Property 

 The Employee will promptly
disclose to the Employer all processes, trademarks, inventions, improvements, discoveries and other information related to the business of the Employer or its affiliates (collectively “Developments”) conceived, developed or acquired by him
alone or with others during the Employment Term or during a period of eighteen (18) months following the termination of his employment and resulting from or arising out of any work performed by the Employee on behalf of the Employer whether or
not conceived during regular working hours or through the use of Employer or affiliate time, materials, facilities or otherwise. All such Developments shall be the sole and exclusive property of the Employer, and upon request the Employee shall
deliver to the Employer all drawings, sketches, models, codes, data and records relating to such developments. In the event any such Developments shall be deemed by the Employer to be patentable or copyrightable the Employee shall, at the expense of
the Employer, assist the Employer in obtaining a patent or patents or copyright thereon and execute all documents and do all other things necessary or proper to obtain letters patent and to vest the Employer with full title and rights thereto.

  

	7.	Non-Competition and Non-Solicitation 

  

	 	(a)	In consideration of compensation described in Appendix B including without limitation, stock options granted September 12, 2000, the Employee agrees that during the
Employment Term and for a period of eighteen (18) months after the Employee ceases to be employed by the Employer, the Employee shall not, directly or indirectly, for the Employee’s own account or as an employee, officer, director,
partner, joint venturer, shareholder, investor, consultant or otherwise (except as an investor in a corporation whose stock is publicly traded and in which the Employee holds less than 5% of the outstanding shares) engage in any business or
enterprise, in the United States of America, that directly or indirectly competes with the business of the Employer, as it exists now or in the future during the Employment Term. If the period of time or the geographical area specified under this
Section 7(a) should be determined to be unreasonable in any judicial proceeding, then the period of time and area of the restriction shall be reduced so that this Employment Agreement may be enforced in such area and during such period of time
as shall be determined to be reasonable by such judicial proceeding. 

  

	 	(b)	The Employee shall not, during the Employment Term and for a period of eighteen (18) months following the termination of his employment, on his own behalf or on behalf of any
person, whether directly or indirectly, in any capacity whatsoever, alone, through or in connection with any person, for any purpose which is in competition, in whole or in part, with the business of the Employer, solicit any Customer or procure or
assist in the soliciting of any Customer. 

 For the purpose of this Employment Agreement, the term “Customer” shall mean any and all person
having purchased or leased the Employer’s goods or services in connection with the Employer’s business, at any time during the two (2) year period preceding the termination of the Employee’s employment. 
  

	 	(c)	The Employee shall not, during the Employment Term and for a period of eighteen (18) months following the termination of his employment, on his own behalf or on behalf of any
person, whether directly or indirectly, in any capacity whatsoever, alone, through or in connection with any person, employ, offer employment to or solicit the employment or the engagement of or otherwise entice away from the employment of the
Employer, any individual who is employed by the Employer at the time of the termination of the Employee’s employment or who was employed by the Employer in the six (6) month period preceding the termination of the Employee’s
employment. 

  

	8.	Termination 

 Notwithstanding the provisions of
Section 2 hereof, the parties hereto acknowledge and expressly agree that the Employee’s employment and the Employer’s obligations hereunder may be terminated by the Employer in any of the following eventualities: 
  

	 	(a)	at any time during the initial three (3) months of the Employment Term (the “Probationary Period”) without cause or notice; or 

  

	 	(b)	at any time, for Cause, without notice; or 

  

	 	(c)	at any time after the Probationary Period, upon fifteen (15) days notice from the Employer to the Employee or a payment in lieu of notice representing the Employees
compensation set forth in Appendix B hereto calculated pro rata for the aforementioned fifteen (15) day period. 

 In addition, the Employee may terminate his employment and the obligations of the Employer hereunder upon thirty (30) days written notice from the Employee to the Employer, specifying the intention of the Employee to resign; in which
event the Employer shall only be obliged to pay to the Employee his compensation set forth in Appendix B hereto earned through the date of termination; and the Employer shall have no further obligation hereunder in the event of such
resignation of the Employee. 
 The Employee hereby acknowledges and accepts that the Employer shall not, in any case, be responsible for any
additional amount, payment in lieu of notice, severance pay or other damages arising from the termination of his employment, above and beyond those specifically provided for herein. 
 Upon termination of this Employment Agreement, the Employee shall surrender to the Employer, upon request, all keys, manuals, correspondence, supplies,
employee lists, customer lists, and all other material and records, or other property of any kind belonging to the Employer that may be in the possession of the Employee at such time. 
 The Employee hereby authorizes the Employer to deduct from any payment due to him 

 
at any time, any amounts owed to the Employer by reason of purchases, advances, loans or in recompense for damages to or loss of the Employer’s property
and equipment, provided that this provision shall be applied so as not to conflict with any applicable law. 
 For the purpose of this
Employment Agreement, the term “Cause” shall mean any event or circumstance which constitutes serious reason for dismissal, including, without limitation, the following acts or omissions by the Employee; 
 (i) the Employee fails to perform his duties and responsibilities outlined Appendix A to the satisfaction of the Employer; 
 (ii) the Employee engages in dishonest or illegal activities or commits or is convicted of any act involving fraud, deceit, moral turpitude, serious
misconduct, or willful negligence or otherwise conducts himself in a manner which can tarnish the reputation or negatively affect the corporate image of the Employer; 
 (iii) the Employee is habitually absent, a chronic alcoholic or suffers from some other form of addiction or behavior that may adversely affect the Employee’s ability to perform his obligations under this
Employment Agreement. 
 (iv) any breach by the Employee of any of the terms and conditions set forth in this Employment Agreement.

  

	9.	No Waivers 

 Any delay or failure by the Employer to
exercise a right or to pursue a remedy with respect to this Employment Agreement shall not constitute a waiver of such right, or remedy. The Employer shall not be prevented in subsequently exercising a right, or a remedy not previously exercised, in
whole or in part. 
  

	10.	Severability 

 If any of the provisions contained in
this Employment Agreement is deemed to be void, invalid, or unenforceable in whole or in part for any reason whatsoever, such determination shall not affect or impair the validity of any other provision herein nor the validity of this Employment
Agreement as a whole. Each provision in this Employment Agreement shall be deemed to be separate and distinct. 
  

	11.	Governing Law 

 This Employment Agreement shall be
governed by and interpreted in accordance with the laws of the State of Illinois. 

			
	TOUCHTUNES MUSIC CORPORATION
		
	By:	 	 /s/ Mr. Franois Plamondon

	Name:	 	Mr. Franois Plamondon
	Title:	 	CFO, COO
	
	 /s/ Dan McAllister

	Mr. Dan McAllister

 Appendix A 
 Duties and responsibilities 
 Title: Director of Sales 
 Duties and responsibilities: 
 Hire and train a team of Regional Sales
Managers. Work with these RSMs to help them develop the skills to hire and train Regional Sales Reps. 
 Develop a sales process to help the RSMs and RSRs
bring a potential customer from “lead” to “prospect” to “Partner.” 
 Oversee the sales staff’s productivity, and work
with the VP of Sales & Marketing to create accurate sales forecasts. To work with the finance department to create a comp plan for the sales department that will maximize productivity while keeping within a budget dictated by Finance.

 Travel with the sales staff to visit key accounts and to evaluate the sales person’s effectiveness and to help improve the sales person’s
skills. Work with the VP of Sales & Marketing to review the progress of the sales staff. 
 Work with Finance to develop strategies for
collecting funds from delinquent accounts and strategies for keeping the need for credits to a minimum. 
 To work with Marketing to develop effective ad
campaigns and trade shows. 
 To develop the best possible distributor network and to keep this network focused on TouchTunes. 
 To maximize market penetration and overall company profitability. 
 To
expand the Company’s coin-op markets beyond the US when this is directed by Senior Management. 
 To add other duties and responsibilities, as
necessary. 

 Appendix B 
 Compensation 
 See Compensation Plan form, to be revised annually and part of the Sales
Compensation Plan. 

 

 
 John B. Perrachon 
 President & CEO 
 January 14th 2003 
 Dear Dan; 
 Herewith, you will find modifications to your employment contract with TouchTunes (TTMC) dated May 24, 2002. 
  

	 	1.	Your annual base compensation will be raised to $125,000, paid on a bi-weekly basis effective with the first pay period of 2003. 

  

	 	2.	For fiscal 2003, you will be eligible for a short-term incentive to be paid quarterly according to the following formula: 

  

	 	 a.
	 Sale of eligible products times  1/4% 

  

	 	b.	Sale of eligible products means the invoiced sale of Maestros, Genesis, Upgrade Kits, Tune Central, Merit Combo units and warranty contracts. Revenues from the sale of Parts and
Music Service will be excluded. In addition, freight, sales tax and similar items will be excluded. 

  

	 	3.	Upon completion of year 2003 and depending on whether the company’s budget was achieved, you will also be eligible for an exceptional bonus of $25,000. At target i.e.
achievement of budget, you will receive a $25,000 bonus. At less than 90% of target you will not be eligible for a bonus. At 90% of target you will receive a $5,000 bonus. At 150% (and plus) of target, you will receive a bonus of $45,000. In
between, bonus will be prorated accordingly. 

  

	 	4.	You will also be eligible for an exceptional bonus of $10,000 as soon as one of the following condition has been achieved: (1) TTMC has sold 300 jukeboxes (in 2003) to one or
more national accounts or (2) TTMC has signed on 3 new national accounts (in 2003) representing a combined potential sale of 500 jukeboxes. 

  

			
	Sincerely,	 	
		
	 /s/ John B. Perrachon
	 	
	John B. Perrachon	 	
	President & Chief Executive Officer	 	

  
  
 3 Commerce Place, 4th Floor 
 Nun’s Island (Montreal), Quebec H3E 1H7 
 Tel: +1 (514) 765-8228 - Call: +1 (917) 385-6283 – JPerrachon@TouchTunes.com 

 

 
 John B. Perrachon 
 President & CEO 
 February 23rd 2004 
 Mr. Daniel McAllister 
 702 Randolph Avenue 
 Fort Washington, PA
19034 
 Dear Dan; 
 Herewith,
you will find modifications to your employment contract with TouchTunes (TTMC) dated May 24, 2002. 
  

	 	1.	Base Salary: 

  

	 	a.	Your annual Base Salary will stay at $125,000, paid on a bi-weekly basis effective with the first pay period of 2004. 

  

	 	2.	Variable Bonus 

  

	 	a.	You will be eligible for a Variable Bonus to be paid according to the following formula; 

  

	 	i.	Variable Bonus equals Commissionable Sales times 0.20 %. 

  

	 	ii.	Commissionable Sales consists of Net Sales Proceeds to TouchTunes from the sale of products (i.e. New Jukeboxes, Tune Central, Upgrade Kits, Net Trade-in Jukeboxes, Merit Units,
Refurbished Jukeboxes and Repossessed Jukeboxes) shipped during 2004. 

  

	 	iii.	Net Sales Proceeds consists of the sales price invoiced to the customer net of any pricing discounts, volume rebates, etc. For purposes of clarity, Net Sales Proceeds are not
reduced for distributor commissions. 

  

	 	iv.	Commissionable Sales are reduced for all returns upon which Variable Bonus have been previously paid. 

  

	 	v.	Any adjustments to Variable Bonus due to the above will be applied against the next payment. 

  

	 	vi.	Revenues from the sale & Parts and Music Service will be excluded. In addition, freight, sales tax and similar items will be excluded. 

  

	 	vii.	Variable Bonus will be paid on a monthly basis. 

  

	 	viii.	Variable Bonus is not capped either on the low side or the high side. 

  

  
 3 Commerce Place, 4th Floor 
 Nun’s Island (Montreal), Quebec H3E 1H7 
 Tel: +1 (514) 765-8228 - Cell: +1 (917) 385-6283 – JPerrachon@TouchTunes.com 

	 	3.	Short-Tern Bonus 

  

	 	a.	You will also be eligible for a Short-Term Bonus as long as TTMC generates net income in excess of 80% of Budget -as approved by the Board in ready January 2004–according to
the following rules: 

  

	 	i.	Approved Budget is set at $1,074,000 for 2004. 

  

	 	ii.	A discretionary amount fixed at 10% of Base Salary or $12,500 irrespective of what TTMC’s final profit number is (but as long as it is higher than 80% of budget or $857,000).
Net profit less than 80% of budget will not generate any short-term bonus. This discretionary bonus will be a function of your overall contribution to the advancement of TTMC in 2004. 

  

	 	iii.	A result-oriented bonus, based on the number of new Background Music Systems (BMS) shipped and installed during 2004 for which music service contracts have been signed, will vary
according to the following limitations and scale: 

  

	 	•	 	 TTMC must generate a minimum profit of 80% of budget or $857,000. 

  

	 	•	 	 Less than 200 BMS, bonus will be zero. 

  

	 	•	 	 Between 200 and 300, bonus will be prorated from $3,600 to $9,000. 

  

	 	•	 	 Between 300 and 500, bonus will be prorated from $9,000 to $18,000. 

  

	 	•	 	 More than 500, bonus will be capped at 18,000. 

  

	 	b.	The sum total of all bonuses (Discretionary Bonus + Variable Bonus + Background Music Systems Bonus) will vary from $12,500 + Variable Bonus amount at 80% of budget to a maximum of
$87,500 at 150% of budget or 70% of your Base Salary. 

  

	 	c.	The Short-Term Bonus assumes a full year contribution on your part and as such will only be earned (and due) if you are employed by TTMC at 12/31/2004. 

  

	 	4.	Long Term Incentive (LTI) Plan 

  

	 	a.	The main purpose of the LTI plan is to provide an incentive for you and your fellow Executives to maximize the value of TTMC and to benefit from that increase over a 4 year Horizon
starting January 1 2003. 

  

	 	b.	You will be granted 50,000 units entitling you to a portion of the economic value (“Added Value”) created during that period. 

  

	 	c.	“Added Value” will be the difference between the “final” valuation and the indexed base value ($15 million) at an 8% annual compounded rate.

  

	 	d.	Payment to you will be made at the time of a transaction which affirms the value of the shareholder’s equity. 

  

	 	e.	Term: 4 years; vesting: 25% a year starting January 1 2003. 

  

	 	f.	Your participation as well as that of your fellow Executives in the “Added Value” will be at a rate of 10% for final value of $45 million or less, gradually 10% to 20% for
final value between $45 million and $100 million, and for final value in excess of $100 million, percentage sharing will remain at 20%. 

  

	 	g.	As an indication only, 10,000 units would yield approximately $42,000 for a final valuation of TTMC of $60 million. 

  

	 	h.	As soon as the final documentation for the LTI plan is available, said documentation will be forwarded to you. 

  

  
 3 Commerce Place, 4th Floor 
 Nun’s Island (Montreal), Quebec H3E 1H7 
 Tel: +1 (514) 765-8228 - Cell: +1 (917) 385-6283 – JPerrachon@TouchTunes.com 

 I sincerely hope that you will find this new and improved compensation package to be both attractive and rewarding.

  

	
	Sincerely,
	
	 /s/ John B. Perrachon

	John B. Perrachon
	President & Chief Executive Officer

  

  
 3 Commerce Place, 4th Floor 
 Nun’s Island (Montreal), Quebec H3E 1H7 
 Tel: +1 (514) 765-8228 - Cell: +1 (917) 385-6283 – JPerrachon@TouchTunes.comExhibit 10.19

 Exhibit 10.19 
 THIS EMPLOYMENT AGREEMENT is entered into as of the 1st day of November 2006. 
  

			
	BETWEEN:	  	TOUCHTUNES DIGITAL JUKEBOX INC., incorporated under the Canada Business Corporations Act and with its head office at Three Commerce Place, 4th floor, Nuns’ Island, Verdun, Province of Quebec, Canada H3E 1H7;
		
		  	(hereinafter referred to as the <<Corporation>>)
		
	AND:	  	MR. MICHAEL TOOKER, 46 PARKDALE AVE., POINTE-CLAIRE, QUEBEC H9R 3Y5
		
		  	(hereinafter referred to as the <<Executive>>)

 IT IS AGREED AS FOLLOWS: 
 WHEREAS the Corporation wishes to retain the services of Executive to provide the services hereinafter described during the term hereinafter set out; 
 NOW THEREFORE THIS AGREEMENT WITNESS that in consideration of the mutual covenants and agreements here contained and for other good and valuable
consideration, the parties agree as follows; 
  

	1	TERM 

  

	1.1	The Corporation shall employ Executive for an indefinite term, such employment shall commence on November 1, 2006. 

  

	2	DUTIES 

  

	2.1	The Corporation hereby confirms having agreed to engage Executive as Senior Vice President. In such capacity, Executive shall perform such duties and exercise such powers pertaining
to such role for the Corporation and its affiliates. 

  

	2.2	By his acceptance hereof, Executive agrees to devote substantially all of his working time, attention and skill to the Corporation and to make every effort necessary to promote the
success of the Corporation’s business and perform adequately the duties that are assigned to him. 

 

 

	3	REPORTING PROCEDURES 

  

	3.1	Executive shall report directly to the President and Chief Executive Officer of the Corporation or such other person as designated by the Corporation from time to time.

  

	4	REMUNERATION 

  

	4.1	The annual base salary payable to Executive for his services hereunder shall be CDN $210,000, exclusive of bonuses, benefits and other compensation. The annual base salary payable
to Executive pursuant to the provisions of this Section 4 shall be payable in equal bi-weekly installments in accordance with the Corporation’s normal practices less, in any case, any deductions or withholdings required by law.

  

	4.2	The Corporation shall provide Executive with employee benefits comparable to those provided by the Corporation from time to time to other senior executives of the Corporation.

  

	5	STOCK OPTIONS 

  

	5.1	Subject to the approval of the Board of Directors, Executive shall be granted, within 120 days from the commencement of his employment, an option to purchase shares of the common
stock of TouchTunes Music Corporation (hereinafter “TTMC”) in conformity with the TouchTunes Music Corporation 2000 Long-Term Incentive Plan. The number of options to be granted will be determined within the 120 day period and will be
comparable to those provided to other senior executives of the Corporation. 

  

	6	BONUS 

  

	6.1	Executive is entitled to an annual bonus. Said bonus shall be payable on an annual basis and within the following guidelines set by the compensation committee. Such bonus will be
based upon the achievement of the budget plan (“BP”) of the Corporation, as approved by the Corporation’s Board of Directors and will be capped at 25% of base salary. The bonus will be based upon a prorated percentage of the
Corporation’s achievement versus BP. In addition, Executive is entitled to an additional bonus at the discretion of the compensation committee up to an additional 10% of his annual base salary. 

  

	7	VACATION 

  

	7.1	Executive shall be entitled to four (4) weeks of paid vacation per fiscal year of the Corporation. Should Executive decide not to take all the vacation to which he is

  
 

 
  

 2 

	 	 
entitled in any fiscal year, Executive shall be entitled to take up to one (1) week of such vacation in the next following fiscal year. Upon termination
under Section 9, Executive is entitled to payment for a maximum of one (1) week of unused vacation. 

  

	8	EXPENSES 

  

	8.1	Executive shall be reimbursed for all reasonable travel and other out-of-pocket expenses incurred by Executive from time to time in connection with carrying out his duties
hereunder. For all such expenses Executive shall furnish to the Corporation supporting evidence for expenses in respect of which Executive seeks reimbursement. 

  

	8.2	Executive shall be reimbursed 45¢ per kilometer up to a maximum of CDN $6,000 per annum. 

  

	8.3	The Corporation shall also reimburse Executive for reasonable cost of training and professional development. 

  

	8.4	The Corporation shall provide Executive with adequate support and equipment to perform his duties. 

  

	9	TERMINATION 

  

	9.1	This agreement may be terminated, except for continuing obligations hereunder as at any such termination, in any of the following eventualities and with the following consequences:

  

	9.1.1	at any time, for Cause, on simple notice from the Corporation to Executive the whole without any other notice or any pay in lieu of notice or any indemnity whatsoever from the
Corporation to Executive, and any further claims or recourse by Executive against the Corporation or its affiliates in respect of such termination; or 

 “Cause” shall mean cause for dismissal without either notice or payment in lieu of notice for reasons of fraud, embezzlement, gross negligence, willful and careless disregard or gross dereliction of
duty, incapacity or refusal to perform employment functions due to drug use or alcohol addiction, conviction of a felony, serious breach of duty not corrected within thirty (30) days of notice to that effect and discriminatory practices
governed by statute. 
  

	9.1.2	Upon one (1) month notice in writing from Executive to the Corporation, specifying his intention to resign, in which event the Corporation shall only be obliged to pay
Executive his annual base salary hereunder for such remaining part of the period specified in the notice from Executive, and the Corporation shall have no further obligations. 

  
 

 
  

 3 

	9.1.3	Upon written notice from the Corporation to Executive in the event of termination of his employment without Cause, in which event the Corporation shall pay Executive an indemnity in
lieu of notice equal to six (6) months of Executive’s base salary at the time of termination, and the Corporation shall have no further obligations hereunder in the event of such termination. Such indemnity shall be paid to Executive over
the six (6) month period following the effective date of termination, in accordance with normal and then current payroll practices of the Corporation. Executive shall have no further claims or recourse against the Corporation or any of its
affiliates in respect of such termination; or 

  

	9.2	For Disability/Death 

  

	 	9.2.1	The Corporation may immediately terminate this agreement by notice to Executive if Executive becomes permanently disabled. Executive shall be deemed to have become permanently
disabled in the event of any mental incapacity or physical disability of such severity that Executive shall have been unable to attend to any normal duties with the Corporation for more than nine (9) consecutive months in any year or for twelve
(12) months out of any period of twenty-four (24) consecutive months during the employment period. 

  

	 	9.2.2	This agreement shall terminate without notice upon the death of Executive. 

  

	10	SEVERANCE PAYMENTS 

  

	10.1	Upon termination of Executive’s employment for cause or by the voluntary termination of employment of Executive as set forth in Section 9.1.1 and 9.1.2, Executive shall
not be entitled to any severance payment. 

  

	10.2	If Executive’s employment is terminated for any reason other than the reasons set forth in Section 9.1.1 and 9.1.2, Executive shall be entitled to receive, an indemnity in
lieu of notice equal to six (6) months of Executive’s base salary at the time of termination, such indemnity shall be paid to Executive over the six (6) month period following the effective date of termination, in accordance with
normal and then current payroll practices of the Corporation and, all unvested options that would have vested during the three (3) month period following the date of such termination shall become vested at the date of such termination.

  

	10.3	Upon termination of Executive’s employment for disability or death as set forth in Section 9.2, all options to purchase common shares in the share capital of TTMC granted
to Executive shall become vested immediately. 

  

	11	CONFIDENTIALITY 

  

	11.1	Executive shall not, directly or indirectly, without the specific prior written consent 

  

 

 
  

 4 

	 	 
of the Corporation, at any time after the date hereof, divulge to any business, enterprise, person, firm, corporation, partnership, association or other
entity, or use for Executive’s own benefit, (i) any confidential information concerning the businesses, affairs, customers, suppliers or clients of the Corporation or its affiliates, including, without limitation, any trade secret
(process, plan, form, marketing strategy, etc.), all computer programs in any form (diskette, hard disk, tape, printed circuit, etc.), all access codes to computer programs together with any plan, sketch, diagram, card, contract, bid, price list and
client list relative to the Corporation’s business, or (ii) any non-public data or statistical information of the Corporation or its affiliates, whether created or developed by the Corporation or its affiliates or on their behalf or with
respect to which Executive may have knowledge or access (including, without limitation, any of the foregoing created or developed by Executive), it being the intent of the Corporation and Executive to restrict Executive from disseminating or using
any data or information that is at the time of such use or dissemination unpublished and not readily available or generally known to persons involved or engaged in businesses of the type engaged in from time to time by the Corporation (the
“Confidential Information”). For purposes of this Employment Agreement, Confidential Information shall not be deemed to include: 

  

	 	11.1.1	Information that, at the time of disclosure under this Employment Agreement or during Executive’s employment, is in the public domain or that, after disclosure under this
Employment Agreement or in connection with Executive’s employment, becomes part of the public domain by publication or otherwise through no action or fault of Executive or any other party subject to an obligation of confidentiality;

  

	 	11.1.2	Information that the Corporation authorizes Executive to disclose in writing; or 

  

	 	11.1.3	Information that Executive is required to disclose pursuant to a final court order that the Corporation has had an opportunity to contest prior to any such disclosure.

  

	11.2	This undertaking to respect the confidentiality of the Confidential Information and to not make use of or disclose or discuss it to or with any person shall continue to have full
effect notwithstanding the termination of Executive’s employment with the Corporation for a period of two (2) years following the date of such termination. 

  

	12	NON-SOLICITATION 

  

	12.1	Executive agrees that he shall not, during his employment and for a period of twelve 

  
 

 
  

 5 

	 	 
(12) months following the termination of his employment, on his own behalf or on behalf of any person, whether directly or indirectly, in any capacity
whatsoever, alone, through or in connection with any person, employ, offer employment to or solicit the employment or the engagement of or otherwise entice away from the employment of the Corporation or its subsidiaries, any individual who is
employed by the Corporation or its subsidiaries at the time of the termination of Executive’s employment or who was employed by the Corporation or its subsidiaries in the six (6) month period preceding the termination of Executive’s
employment. 

  

	13	NON-COMPETITION 

  

	13.1	Executive agrees that during the Employment Term and for a period of six (6) months after Executive ceases to be employed by the Corporation, Executive shall not, directly or
indirectly, for Executive’s own account or as an employee, officer, director, partner, joint venture, shareholder, investor, consultant or otherwise (except as an investor in a corporation whose stock is publicly traded and in which Executive
holds less than 5% of the outstanding shares) engage in any business or enterprise, in the United States of America and Canada, that directly or indirectly competes with the business of the Corporation, as it exists now or in the future during the
Employment Term. 

  

	14	INTELLECTUAL PROPERTY 

  

	14.1	For the purposes of this Agreement, the term <<Inventions>> means ideas, designs, concepts, techniques, inventions and discoveries, whether or not patentable or
protectable by copyright and whether or not reduced to practice, including but not limited to devices, processes, drawings, works of authorship, computer programs, methods and formulas together with any improvement thereon or thereto, derivative
works therefrom and know-how related thereto made, developed or conceived by Executive while at the employment of the Corporation during working hours using the Corporation’s data or facilities and which relates to the Corporation’s areas
of business. 

  

	14.2	Executive shall assign and hereby does assign all Inventions to the Corporation. Executive shall disclose all Inventions in writing to the Corporation, shall assist the Corporation
in preparing patent or copyright applications for Inventions, and execute said applications and all other documents required to obtain patents or copyrights for those Inventions and/or to vest title thereto in the Corporation, at the
Corporation’s expense, but for no additional consideration to Executive. In the event that the Corporation requires assistance under this Section after termination of employment, Executive shall provide such assistance at the cost and expense
of the Corporation. 

  

	14.3	During the term of this Agreement or after termination, on request of the Corporation and at the cost and expense of the Corporation, Executive shall execute

  
 

 
  

 6 

	 	 
specific assignments in favor of the Corporation or nominees of any of the Inventions covered by this Section, as well as execute all papers and perform all
lawful acts that the Corporation considers reasonably necessary or advisable for the preparation, prosecution, issuance, procurement and maintenance of patent or copyright applications and patents and copyrights for the Inventions, and for transfer
of any interest Executive may have, and shall execute any and all papers and lawful documents required or necessary to vest title in the Corporation or its nominee in the Inventions. 

  

	15	ENFORCEABILITY 

  

	15.1	Executive hereby confirms and agrees that the covenants and restrictions pertaining to Executive contained in this agreement, including, without limitation those contained in
Sections 11 to 15 hereof, are reasonable and valid. 

  

	15.2	Without limiting the remedies available to the Corporation, Executive hereby expressly acknowledges and agrees that a breach of the covenants contained in Sections 11 to 15 may
result in materially irreparable harm to the Corporation for which there is no adequate remedy at law; that it will not be possible to measure damages for such injuries precisely, and that, in the event of such a breach, the Corporation shall be
entitled to obtain any or all of a temporary restraining order and a preliminary or permanent injunction restraining Executive from engaging in activities prohibited by the provisions of Sections 11 to 15 or such other relief as may be required to
enforce specifically any of the covenants of Sections 11 to 15. Such proceedings shall not preclude the Corporation from claiming for damages that it has suffered. 

  

	16	RETURN OF MATERIALS 

  

	16.1	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 affiliates and associates that may come into the possession or control of Executive shall at all times remain the property of the Corporation or such
subsidiary or associate, as the case may be. On termination of Executive’s employment for any reason, Executive agrees to deliver promptly to the Corporation all such property of the Corporation in the possession of Executive or directly or
indirectly under the control of Executive. 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. 

  

	17	GOVERNING LAW 

  

	17.1	This agreement shall be governed by and construed in accordance with the laws of the province of Quebec. 

  
 

 
  

 7 

	18	SEVERABILITY 

  

	18.1	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.

  

	19	NO ASSIGNMENT 

  

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

  

	20	SUCCESSORS 

  

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

  

	21	SURVIVAL OF COVENANTS 

  

	21.1	Insofar as any of the obligations contained in this agreement are capable of surviving termination of this agreement they shall so survive and continue to bind Executive
notwithstanding the termination of the agreement for whatsoever reason. 

  

	22	COMPLETE UNDERSTANDING 

  

	22.1	Once signed, this agreement replaces all prior written and/or oral agreements between Executive and the Corporation with regard to Executive’s terms of employment with the
Corporation. This agreement may not be changed orally, but only in an agreement in writing signed by both parties. 

  

	23.	LEGAL ADVICE 

  

	23.1	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 defense to the enforcement of his obligations under this agreement. 

  
 

 
  

 8 

	24.	LANGUAGE 

  

	24.1	The parties hereto specifically requested that the present agreement be drawn up in English. Les parties aux presentes ont specifquement requis que cette convention soit redigee en
anglais. 

 (Signatures on page 10.) 
  

 

 
  

 9 

 IN WITNESS WHEREOF the parties hereto have executed this agreement as of the date first above written. 

 

			
	TOUCHTUNES DIGITAL JUKEBOX INC.
		
		 	 /s/ John Perrachon

	per:	 	John Perrachon, President & Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Michael Tooker

	Michael Tooker

  

 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]