Company Name 76-80 City Road, London, U.K. EC1Y 2BJ May 1, 2013 Name of Employee Re: Offer of Employment Dear Michael: I am very pleased to confirm our offer to you of employment with Company (the âCompanyâ). The terms of our offer and the benefits currently provided by the Company are as follows: Position Title: Software Engineer Reporting to: Chief Technology Officer Duties: 1. Develop algorithms and languages for high-performance parallel computing 2. Other duties as assigned Start Date: Your employment will commence on April 1, 2014. Salary: £30,000 (UK Pounds) per year, subject to periodic review Status: · Full time employee · While we look forward to a long and profitable relationship, should you decide to accept our offer, you will be an at-will employee of the Company, which means the employment relationship can be terminated by either of us for any reason, at any time, with or without prior notice and with or without cause. Any statements or representations to the contrary (and, indeed, any statements contradicting any provision in this letter) should be regarded by you as ineffective. Any modification or change in your at will employment status may only occur by way of a written employment agreement signed by you and the Company. Expenses/Allowances: Reimbursement of any reasonable travel expenses such as flight, accommodation, and miles, upon submission of original receipts. You will be reimbursed for other expenses and other costs in accordance with poloices in place from time to time. Confidentiality: In providing your services, you agree that all information obtained during your employment will be treated as confidential and will not be used in any manner detrimental to the interests of the Company, nor disclosed to any party except in the interests of the Company. All notes, records, files, and other documentation that you accumulate or develop in connection with your employment will be considered the property of the Company. To protect the interests of the Company, you will need to sign the Companyâs standard âEmployee Invention Assignment and Confidentiality Agreementâ as a condition of your employment We are very excited to have you aboard here at Company. Please indicate your acceptance of the terms outlined above by signing below and providng a copy to me at your earliest convenience. Sincerely, ____________________________ Director Company I have read and understood this offer letter and hereby acknowledge, accept and agree to the terms as set forth above and further acknowledge that no other commitments were made to me as part of my employment offer except as specifically set forth herein. Name: Michael Sanelli Date 2