EMPLOYMENT AGREEMENT

Exhibit 10.4

EMPLOYMENT AGREEMENT

COINSTAR LIMITED

and

ALEX CAMARA

Dated as of 15 June, 2001

EMPLOYMENT AGREEMENT

This Employment Agreement (this “Agreement”), dated as of March     , 2001, between Coinstar Limited, a Private Limited Company registered under the laws of England whose registered office is at 100 New Bridge Street, London, England EC4V 6JA (“Employer”), and Alex Camara (“Employee”);

W I T N E S S E T H:

WHEREAS, Employer and Employee wish to document certain understandings and agreements; and

WHEREAS, Employer desires to continue to employ Employee upon the terms and conditions set forth herein; and

WHEREAS, Employee is willing to provide services to Employer upon the terms and conditions set forth herein;

A G R E E M E N T S:

NOW, THEREFORE, for and in consideration of the foregoing premises and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, Employer and Employee hereby agree as follows:

Employer will continue to employ Employee and Employee will continue to provide services to Employer as its Managing Director on the terms and conditions specified herein (“the Employment”).

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Employee will devote all of his productive time, ability, attention and effort to Employer’s business and will skillfully serve its interests during the term of this Agreement.

Employee shall faithfully and diligently perform such duties and exercise such powers consistent with his position as may from time to time be assigned to or vested in him by Employer or its Board of Directors. Employer reserves the right to assign to Employee duties of a different nature either additional or instead of his current duties, it being understood that he will not be assigned duties which he cannot reasonably fulfil. Employer shall obey the reasonable and lawful orders of Employer, given by the authority of the Board, and shall comply with all Employer’s rules, regulations, policies and procedures from time to time enforced.

Employee’s normal working hours shall be 9.00 am to 5.30 pm Monday to Friday, and such additional hours (without further remuneration) as are necessary for the proper performance of his duties of employment.

Employee’s period of continuous employment commenced on 27 September 1999 and shall continue until terminated consistent with clause 8. No previous employment with any other employer shall be treated as continuous with the Employment.

Employee shall not (without the prior written consent of Employer) during the Employment directly or indirectly be interested in, engaged in, be concerned with, or provide services to, any other person, company, business entity or other organisation whatsoever (whether as an employee, officers, director, agent, partner, consultant or otherwise) provided that Employee may hold up to 5% of any security in a company which is quoted on any recognised stock exchange.

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During the term of this Agreement, Employer agrees to pay or cause to be paid to Employee, and Employee agrees to accept in exchange for the services rendered hereunder by him, the following compensation:

Employee’s compensation shall consist, in part, of an annual base salary of sixty eight thousand pounds (£68,000 ) before all customary payroll deductions. Such annual base salary shall be paid in substantially equal instalments monthly in arrears by direct credit transfer. Employee’s salary shall be reviewed annually by Employer to determine in its discretion an appropriate increase in the base salary, without any undertaking by Employer that Employee’s salary will be automatically increased.

Employee shall be eligible for and receive his annual cash bonus for each calendar year during the term of this Agreement, provided Employer meets performance targets applicable to such bonuses, and subject to the rules of the bonus scheme from time to time in force, and, provided further, any such bonus shall be pro-rated in the event that the Employment is terminated other than pursuant to clause 8.3. For the avoidance of doubt, where the Employment is terminated pursuant to clause 8.3, no pro rata bonus will be payable. Details of the bonus scheme will be provided to Employee separately.

Employee will be entitled to a 700 pound monthly allowance toward the costs associated with purchasing (or leasing), operating, and maintaining an automobile. This automobile should be appropriate for the business duties of Employee’s position. Employee will be reimbursed for all petrol used on Company business consistent with the mileage reimbursement policy outlined in the Employee Handbook for the United Kingdom.

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Employee is eligible to receive stock option grants as determined from time to time by the Board of Directors.

If any plan provider (including but not limited to any insurance company) refuses for any reason (whether based on its own interpretation of the terms of the insurance policy or otherwise) to provide any benefits to Employee, Employer shall not be liable to provide any such benefits itself or any compensation in lieu thereof. Employer reserves the right to change the insurance provider at any time.

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Employer shall be entitled at any time during the Employment, and in any event on termination, howsoever arising, to deduct from Employee’s remuneration hereunder any monies due from him to Employer including but not limited to any outstanding loans, advances, cost of repairing any damage or lost to Employer’s property caused by him (and of the covering same, excess holiday and any other monies owed by him to Employer).

Employer may terminate the employment of Employee at any time during the term of Employment upon giving Notice of Termination (as defined below). Employee agrees that Employer may at its absolute discretion make a payment or payments (which may at Employer’s absolute discretion be paid in instalments) representing salary and pro-rata bonus in lieu of any notice of termination or employment which it or Employee is required to give, subject to any reduction in accordance with the provisions set out

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below. For the avoidance of doubt, such payment or payments shall not include the value of any benefits, commission, or holiday entitlement which would have accrued to Employee had he been employed until the expiry of either his notice entitlement under clause 8.4 below or the expiry of the fixed term of the Employment and, further, Employee shall have no entitlement to such payment or payments, unless and until Employer notifies Employee in writing of its decision to make such payment to him.

Employee may terminate his employment at any time, for any reason, upon giving Notice of Termination.

Notwithstanding clauses 3 and 8.1 above, Employer may terminate the Employment without notice, or pay in lieu of notice, if Employee shall at any time:

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Any delay by Employer in exercising such right to termination shall not constitute a waiver thereof.

The term “Notice of Termination” shall mean at least twelve week’s written notice of termination of Employee’s employment during which period Employee’s employment and performance of services will continue except that during the period March 31, 2000 through December 31, 2002, the term “Notice of Termination” shall mean at least six month’s written notice of termination of Employer’s employment during which period Employee’s employment and performance of services will continue. The effective date of the termination of Employee’s employment hereunder shall be the date on which such notice period expires.

Employee shall neither during his Employment (except in the proper performance of his duties) nor at any time (without limit) after the termination thereof, howsoever arising, directly or indirectly:

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The obligations contained in this clause shall not apply to any disclosures required by law, and shall cease to apply to any information or knowledge which may subsequently come into the public domain after the termination of Employment other than by way of unauthorised disclosure.

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Any outstanding or prospective entitlement to Company Sick Pay or private medical insurance cover benefits shall not prevent Employer from exercising its right to terminate the Employment in accordance with Clauses 8 hereof or otherwise and Employer shall not be liable for any loss arising from such termination.

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Employee represents and warrants that neither the execution nor the performance of this Agreement by Employee will violate or conflict in any way with any other agreement by which Employee may be bound, or with any other duties imposed upon Employee by corporate or other statutory or common law.

If Employee has any grievance relating to the Employment he should raise it with the Board which will deal with the matter by discussion and majority decision of those present and voting.

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All notices given hereunder shall be given in writing, shall specifically refer to this Agreement and shall be personally delivered or sent by telecopy or other electronic facsimile transmission or by registered or certified mail, return receipt requested, at the address set forth below or at such other address as may hereafter be designated by notice given in compliance with the terms hereof:

If notice is mailed, such notice shall be effective upon mailing, or if notice is personally delivered or sent by telecopy or other electronic facsimile transmission, it shall be effective upon receipt.

This Agreement is personal to Employee and shall not be assignable by Employee. Employer may assign its rights hereunder to (a) any corporation or other entity resulting from any merger, consolidation or other reorganization to which Employer is a party or (b) any corporation, partnership, association or other person to which

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Employer may transfer all or substantially all of the assets and business of Employer existing at such time. All of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.

No delay or failure by any party hereto in exercising, protecting or enforcing any of its rights, titles, interests or remedies hereunder, and no course of dealing or performance with respect thereto, shall constitute a waiver thereof. The express waiver by a party hereto of any right, title, interest or remedy in a particular instance or circumstance shall not constitute a waiver thereof in any other instance or circumstance. All rights and remedies shall be cumulative and not exclusive of any other rights or remedies.

No amendment, modification, waiver, termination or discharge of any provision of this Agreement, nor consent to any departure therefrom by either party hereto, shall in any event be effective unless the same shall be in writing, specifically identifying this Agreement and the provision intended to be amended, modified, waived, terminated or discharged and signed by Employer and Employee, and each such amendment, modification, waiver, termination or discharge shall be effective only in the specific instance and for the specific purpose for which given. No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by Employer and Employee.

This Agreement shall in all respects, including all matters of construction, validity and performance, be governed by, and construed and enforced in accordance with, the laws of England.

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If any provision of this Agreement shall be held invalid, illegal or unenforceable in any jurisdiction, for any reason, including, without limitation, the duration of such provision, its geographical scope or the extent of the activities prohibited or required by it, then, to the full extent permitted by law (a) all other provisions hereof shall remain in full force and effect in such jurisdiction and shall be liberally construed in order to carry out the intent of the parties hereto as nearly as may be possible, (b) such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of any other provision hereof, and (c) any court or arbitrator having jurisdiction thereover shall have the power to reform such provision to the extent necessary for such provision to be enforceable under applicable law.

All headings used herein are for convenience only and shall not in any way affect the construction of, or be taken into consideration in interpreting, this Agreement.

This Agreement, and any amendment or modification entered into pursuant to clause 15 hereof, may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute one and the same instrument.

This Agreement on and as of the date hereof constitutes the entire agreement between Employer and Employee with respect to the subject matter hereof and all prior or contemporaneous oral or written communications, understandings or agreements between Employer and Employee with respect to such subject matter, with the exceptions of [any noncompetition or non-disclosure agreement], are hereby superseded and nullified in their entireties.

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In this Agreement, the following words and cognate expressions shall have the meanings set out below:-

IN WITNESS WHEREOF, the parties have executed and entered into this Agreement on the date set forth above.

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