EX-10.7 4 timfoote-changeofcontrol.htm EX-10.7 timfoote-changeofcontrol
BlackBerry Corporation 5030 Riverside Drive, Building 2, Suite 200, Irving, Texas, 75039, tel: +1-877-255-2377 Trademarks, including but not limited to BLACKBERRY, EMBLEM Design, BBM and BES are the trademarks or registered trademarks of BlackBerry Limited, used under license, and the exclusive rights to such trademarks are expressly reserved. PRIVATE & CONFIDENTIAL September 6, 2024 Tim Foote Dear Tim, This will confirm that, in connection with the continuation of your employment with BlackBerry Corporation (“BlackBerry”), you have agreed to the following amendments to the terms and conditions of your employment agreement with BlackBerry effective as of July 29, 2024 (the “Agreement”), which amendments are effective as of September 1, 2024. The first paragraph of Section 4.4 of the Agreement is hereby deleted and replaced in its entirety by the following new language: 4.4 Termination Before or Following Change of Control – In the event your employment is terminated by BlackBerry or its successor, without Just Cause or in the event you terminate your employment for Good Reason, in each case, within twenty-four (24) months immediately following the date of a Change of Control (as defined in paragraph 4.5(d) below) or during the period preceding the effective date of a Change of Control but after which BlackBerry has commenced negotiations with a potential acquirer (the “Acquiror”), which negotiations result in a Change of Control with the Acquiror or any person or entity affiliated therewith, then in lieu of the payments and benefits in subsection 4.3, you will be entitled to the following severance benefits, subject to your signing and non-revocation of the Release Agreement: All other terms and conditions of the Agreement continue to govern your employment. I would ask you to acknowledge by your signature below that the foregoing is a mutually agreeable amendment to the terms and conditions of your employment. (Signature Page Follows This Page)


 
2. T. Foote 09/06/2024 BlackBerry Corporation 5030 Riverside Drive, Building 2, Suite 200, Irving, Texas, 75039, tel: +1-877-255-2377 Trademarks, including but not limited to BLACKBERRY, EMBLEM Design, BBM and BES are the trademarks or registered trademarks of BlackBerry Limited, used under license, and the exclusive rights to such trademarks are expressly reserved. Thank you for your ongoing commitment to BlackBerry. Sincerely, BLACKBERRY CORPORATION Per: _______________________ John Giamatteo Chief Executive Officer of BlackBerry Limited and President, Cybersecurity I confirm my acceptance of the terms and conditions set out above. Signed: Date: __________________ Tim Foote