**Exhibit 10.4**

**EMPLOYMENT AGREEMENT**

**THIS EMPLOYMENTAGREEMENT**(“Agreement”) is made and entered into as of the 10th day of June 2008, between David Fann (“Executive”) andFNDS3000 Corp., a Delaware corporation (the “Company”). 

**WHEREAS,** the Company desires to employ Executive and Executivedesires to be employed by the Company upon the terms and conditions set forth herein. 

**NOW, THEREFORE,** in consideration of thepromises and mutual agreements hereafter set forth, and upon the terms and conditions contained in this Agreement, Executive and the Company hereby agree as follows: 

1. Certain Definitions. 

**“Business of the Company”** shall at any time mean any lineof business then engaged in, or planned to be engaged in by the Company or any of its affiliates and subsidiaries. 

**“CommonStock”** shall mean the common stock of the Company. 

**“Competing Enterprise”** shall at any time mean any person,firm, corporation or other individual or entity that is engaged, directly or indirectly, wholly or in part, in any line of business then engaged in, or then planned to be engaged in, by the Company or any of its affiliates and subsidiaries.

**“Corporate Transaction”** shall mean (A) any merger or consolidation of the Company with another entity, whether ornot the Company is the continuing or surviving entity, in which forty percent (40%) or more of the Company’s voting capital stock is transferred to holders different from persons or their affiliates who held the stock immediately prior tosuch transaction or (B) any sale of all or substantially all of the Company’s assets to another entity or person of which forty percent (40%) or more of the capital stock is held by holders different from persons or their affiliateswho hold voting capital stock of the Company. 

All other capitalized terms used herein are defined in other provisions of this Agreement.

2. Duties. 

2.1Capacity. Executive shall serve as President of the Company reporting to the Board of Directors and shall perform such customary, appropriate and reasonable executive duties as are usually performed by a President or as may be delegated tohim from time to time 

David Fann Employment Agreement 

 

by the Board. Executive shall principally perform his duties hereunder at the executive offices of the Company in Jacksonville, Florida. Executive shallserve in the same employee position set forth in this Section 2.1 to the extent set forth in this Section 2.1 of any successor entity or holding company resulting from a reorganization of the Company other than a Corporate Transaction.Such obligation does not apply to Executive’s status as a Director of the Company. 

3. Cash Compensation and Benefits.

3.1 Salary. 

Executiveshall be paid an annual base salary of Two Hundred Twenty Thousand Dollars ($220,000.00) (“Base Compensation”), payable in accordance with the Company’s general payroll practices commencing January 1, 2008 (the “EffectiveDate. Such base salary shall be subject to increase from time to time in the sole discretion of the Board of Directors, or if established the Compensation Committee thereof based on Executive’s performance and that of the Company. 

3.2 Annual Bonus. 

Commencing withthe Company’s 2008 fiscal year and for each fiscal year of the Company thereafter during the Term, the Executive shall be eligible to receive, in addition to his Base Compensation, an annual bonus, to be determined and awarded in the solediscretion of the Board (or compensation committee thereof), payable within sixty (60) days of the end of each such fiscal year (the “Annual Bonus”). 

3.3 Benefits. 

In addition to the Base Compensation and any Annual Bonus, Executive shall further beentitled to participate in any employee benefits programs offered generally from time to time to senior management employees of the Company to the extent Executive qualifies for participation under such programs In any event the Company shall payfor, at no cost to Executive a health and dental insurance. 

3.4 Business Expenses. 

The Company shall pay the reasonable and necessary business expenses incurred by Executive in performing his duties hereunder in accordance with suchpolicies regarding employee expenses generally as the Company may have in effect from time to time. 

 

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David Fann Employment Agreement 

 

3.5 Vacation and Holidays. 

Executive shall be entitled to fully paid vacation time of eight (8) weeks per calendar year. In addition, Executive shall be entitled to allholidays provided under the Company’s regular holiday schedule. 

3.6 Severance Compensation. 

a). If Executive’s employment with the Company is terminated by the Company without Cause at any time prior to June 1, 2011, Executive shallreceive from the Company severance pay in an amount equal to the greater of his then-current Base Compensation in effect at the time of such termination through either May 30, 2011 or eighteen (18) months from the date of notice, whicheveris greater, in a lump sum payable no later than the termination date. and (ii) all unpaid benefits such as accrued vacation, and (iii) all outstanding expenses, and (iv) any declared but unpaid Annual Bonus. If Executive’semployment with the Company is terminated by the Company by virtue of the expiration of this Agreement on May 30, 2011, Executive shall be entitled to continue to receive from the Company severance pay in an amount equal to the greater of histhen-current Base Compensation in effect at the time of such termination through May 30, 2011 in accordance with the Company’s general payroll practices; and (ii) any declared but unpaid Annual Bonus. .In the event of a CorporateTransaction, the amount of severance pay will be equal to his then current Base Compensation for twenty four (24) months plus any annual bonus due plus all PTO time in a lump sum payable no later than the closing date of the CorporateTransaction. Additionally, the Company will continue to pay the premiums for Executive’s health benefits and life insurance for twenty four months. 

b) During any period in which Executive is receiving severance compensation pursuant to subsection (a) of this Section 3.6, the Company shall use reasonable efforts to obtain reasonably and to pay forcomparable medical, life and disability insurance and other benefits on the same terms and conditions and to the same extent as theretofore provided by the Company to Executive prior to the effective date of the termination of his employment.

3.7 Compensation Upon a Corporate Transaction. 

If Executive is terminated without Cause within a twelve (12) month period following the consummation of a Corporate Transaction (i) Executive’s right to receive any earned but unpaid Annual Bonus shallimmediately vest, but not less than a pro rata amount of the immediately preceding year’s Annual Bonus if no Annual Bonus shall have been earned for the then current year, (ii) the Company or its successor in interest shall use reasonableefforts to obtain reasonably comparable medical, life and disability insurance and other benefits on the same terms and conditions and to the same extent as immediately theretofore provided by the Company to Executive prior to the consummation ofthe Corporate Transaction for a period of two (2) years following such termination and (iii) all severance compensation provided for in Section 3.6 will be due and payable at time of termination. 

 

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David Fann Employment Agreement 

 

4. Stock Options. 

4.1 Stock Option Grants. 

The Companygrants to Executive one million cashless stock options at an exercise price of $.25 per share. Any future stock option grants will be determined by the Compensation Committee and will be reviewed on an annual basis. 

5. Conversion to Consulting Agreement

The Executive may select to become a consultant to the Company rather than be an employee. The Executive must provide the Company with a 60 day notice after which the Executive will become a consultant to the Company for the remaining termas stated in Item 7 of this Agreement. The Executive will report to the then C.E.O. and will perform agreed upon services on a part-time basis (not to exceed 40 hours per month). The compensation paid on the first of the each and every monththereafter until June 1, 2011 will be ten thousand dollars. The Company will also pay to Executive all expenses incurred on behalf of the Company after receipt and approval of an expense report submitted by Executive. Any required travel inexcess of three and one half hours will be business class. 

6. Restrictive Covenants and Confidentiality. 

6.1 Non-Solicitation. The Executive agrees that during the Term and for a period of one (1) year thereafter and in any event during any periodin which he is receiving severance compensation pursuant to Section 3.6, he shall not solicit, entice, encourage or induce any person, other than persons known prior to Executive’s employment, who at any time within one (1) year priorto the Executive’s termination of employment shall have been an employee of the Company or any of its subsidiaries, to become employed by or associated with any person, firm or corporation other than the Company, and the Executive shall notapproach any such employee for such purpose or authorize or knowingly approve the taking of such actions by any other person, firm or corporation or assist any such person, firm or corporation in taking such action. 

6.2 Non-Compete. The Executive agrees that during the Term and during any period in which he is receiving severance compensation pursuant toSection 3.6, the Executive shall not, directly or indirectly, engage or participate or make any financial investments in, or become employed by, or act as an agent or principal of, or render advisory or other services to or for, any CompetingEnterprise. Nothing herein contained, however, shall restrict the Executive from overseeing personal and family investments, including, without limitation, any investments in not more than three percent (3%) of the voting securities in anyCompeting Enterprise whose stock is listed on a national securities exchange or is actively traded on the NASDAQ so long as in connection with such investments the Executive does not render services, directly or indirectly, to a CompetingEnterprise. 

6.3 Confidentiality. Executive shall not, directly or indirectly, publish, disclose or use, or authorize anyone else topublish, disclose or use, any secret or confidential 

 

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David Fann Employment Agreement 

 

matter, or proprietary or other information not otherwise available in the public domain relating to any aspect of the operations, activities, or obligationsof the Company, including, without limitation, any confidential material or information relating to the Company’s business, customers, suppliers, arrangements with Practitioners, trade or industrial practices, trade secrets, technology,know-how or intellectual property. All records, files, data, documents and the like relating to suppliers, customers, costs, prices, systems, methods, personnel, equipment and other materials relating to the Company shall be and remain the soleproperty of the Company. Upon termination of Executive’s employment with the Company, Executive shall not remove from the Company’s premises or retain any of the materials described in this Section 5.3 without the prior writtenconsent of the Company, and all such materials in Executive’s possession shall be delivered promptly to the Company. 

6.4 Survivaland Company Definition. This Section 5 shall survive the termination of the Executive’s employment with the Company, irrespective of the reason therefore. For purposes of this Section 5, the term “Company” shall includeall affiliates and subsidiaries. 

6.5 Remedies. The Executive acknowledges that the services to be rendered by the Executive are ofa special, unique and extraordinary character and, in connection with such services, the Executive will have access to confidential information vital to the Company’s business. By reason of this access, the Executive consents and agrees that ifthe Executive violates any of the provisions of this Section 5, the Company shall be entitled, without the need to show actual damages, to an injunction and a temporary restraining order from any court of competent jurisdiction restraining theExecutive from committing or continuing any such violation of this Agreement. The Executive acknowledges that damages at law would not be an adequate remedy for violation of this Section 5, and the Executive therefore agrees that the provisionsof this Agreement may be specifically enforced against the Executive in any court of competent jurisdiction. The rights, powers and remedies of the Company under this Agreement are cumulative and not exclusive of any other right, power or remedywhich the Company may have under any other agreement or by law. 

7. Term and Termination. 

7.1 Term. The term of this Agreement shall be for three (3) years . With respect to the Executive’s employment period (the“Employment Period”), the term of this Agreement shall terminate May 30, 2011. When the Company has issued 100,000 cards to third parties, the term of this Agreement shall automatically be extended for an additional 2 years and shalltherefore terminate on May 30, 2013 and all dates specified in Item 3 of this Agreement shall also be extended for an additional 2 years. After such Employment Period, the Board of Directors in its sole discretion may extend the term withExecutive’s consent. The initial term and any term established after June 1, 2008, is each referred to as a “Term,” and, for purposes of Section 3.6, severance payments through the end of the Term means through the end ofthe applicable Term in which Executive is terminated. 

7.2 Death. This Agreement shall terminate automatically upon Executive’sdeath and upon complete payment to Executives estate all accrued and unpaid Base 

 

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David Fann Employment Agreement 

 

Compensation including amounts due as earned but unpaid Annual Bonus and any unpaid travel expenses and PTO due. The Company agrees to pay all premiums foran additional two years the health and dental insurance policy outlined in paragraph 3.3. 

7.3 Disability. In the event thatExecutive, because of accident, disability or physical or mental illness, is incapable of performing his usual duties hereunder, the Company shall have the right to terminate Executive’s employment. For purposes of this Section 7.3,Executive shall be deemed to have become incapable of performing his usual duties hereunder if the Board shall determine that Executive is, by reason of any medically-determinable physical or mental impairment expected to result in death or to be ofcontinuous duration of not less than six (6) consecutive months or more, unable to perform his usual duties for the Company. If Executive’s employment hereunder is terminated pursuant to this Section 7.3, the Company shall pay toExecutive, two years of his then current Base Compensation as his sole and exclusive right and remedy under this Agreement (i) all accrued and unpaid Base Compensation through the date of termination pursuant to this Section 7.3,(ii) any earned but unpaid Annual Bonus and (iii) continuation of Company benefits for thirty six (36) months to Executive’s family at no cost to Executive or his family. 

7.4 Cause and Voluntary Termination. The Company shall have the right to terminate this Agreement and Executive’s employment hereunder forCause. Cause” shall mean any of the following occurrences: (1) Executive’s conviction of (A) a felony or (B) another serious crime involving material harm to the standing or reputation of the Company;(2) Executive’s gross negligence or willful misconduct in the performance of his duties for the Company which causes or may cause material harm to the Company; (3) conduct by the Executive which brings the Company into public disgraceor disrepute, including, without limitation, dishonesty and fraud; or (4) a material breach by Executive of any of the terms or conditions of this Agreement or any other agreement between the Company and the Executive, which, if curable, is notcured to the Company’s reasonable satisfaction within thirty (30) days of written notice thereof The Executive shall have the right to voluntarily terminate this Agreement at any time upon fifteen (15) days prior written notice. IfExecutive voluntarily terminates his employment hereunder or the Company terminates Executive’s employment for Cause, the Executive’s sole and exclusive right and remedy hereunder shall be the right to receive his Base Compensation throughthe date of such termination only and the Company shall have no responsibility for the payment of any other compensation or benefits to the Employee for any time period subsequent to such termination, including, without limitation, any Annual Bonusor other employee benefits. Nothing herein shall affect the Company’s obligation to provide benefits as required by COBRA or any other applicable federal or state law. 

7.5 Termination Without Cause. The Company may terminate Executive’s employment with the Company pursuant to this Agreement without cause bygiving written notice to Executive at least sixty (60) days prior to the effective date of such termination, subject to the provisions of Section 3.6. 

 

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David Fann Employment Agreement 

 

8. Miscellaneous. 

8.1 Successors and Assigns. This Agreement shall be binding on and inure to the benefit of the parties hereto and their heirs, executors, legalrepresentatives, successors and assigns. Neither party shall have the right to assign its obligations, or all or any portion of their rights or interests under this Agreement without the prior written consent of the other party hereto, and anyattempt to do so will be null and void; provided, that the Company shall have the right to assign this Agreement in connection with any Corporate Transaction. 

8.2 Notices. Any notice, request, demand or other communication required or permitted by this Agreement shall be in writing and shall be deemed to have been properly given upon the earlier of receipt or five(5) days after being sent by certified or registered mail with postage prepaid, return receipt requested, addressed to the parties as follows: 

 
If to Executive:  Dave Fann  157 North Cove Dr  Ponte Vedra Beach, Florida 32082If to Company:  FNDS3000Corp.  818 A1A, Suite 207  Ponte Vedra Beach, FL 32082  Attention: Board of Directors
Only giving written notice of such change in the manner provided herein for giving notices maychange the addresses for purposes of this Section 7.2. 

8.3 Withholding. Executive hereby agrees to make appropriatearrangements with the Company for the satisfaction of all Federal, State or local income tax withholding requirements and Federal social security employee tax requirements applicable to this Agreement. 

8.4 Governing Law, Venue and Attorney Fees. This Agreement is made and entered into and is to be governed by the laws of the State of Floridaapplicable to agreements made within such State, without regard to the conflicts of law principles of such State. The Venue for all purposes in connection with this Agreement shall be the County of St. John, State of Florida. In the event any partyhereto reasonably retains counsel for the purpose of enforcing or preventing the breach of this Agreement or any provision hereof, including, but not limited to, instituting any action or proceeding to enforce any provision hereof, for damages byreason of any alleged breach of any provision hereof, for a declaration of such party’s rights or obligations hereunder, for an action seeking injunctive relief to enforce any provision herein, or for any other judicial remedy, then theprevailing party shall be entitled, in addition to such other relief as may be granted, to be reimbursed by the non-prevailing party for all costs and expenses incurred thereby, including reasonable attorney’s fees. 

 

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David Fann Employment Agreement 

 

8.5 Waiver. The failure of either party at any time to require performance by the other partyof any provision hereof shall not affect in any way the full right to require such performance at any time thereafter, nor shall a waiver by either party of a breach of any provision hereof be taken or held to be a continuing waiver of suchprovision, or waiver of any other breach under any other provision of this Agreement. 

8.6 Captions. The captions of the sectionsreferenced herein are inserted as a matter of convenience only and in no way define, limit, or describe the scope of this Agreement or any provisions hereof. 

8.7 Entire Agreement. This Agreement and any Exhibits hereto set forth the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersede all priorcontracts, agreements, arrangements, communications, discussions, representations and warranties, whether oral or written, between the parties with respect to such subject matter. This Agreement may be amended only by a written instrument signed byboth parties hereto making specific reference to this Agreement and expressing the plan or intention to modify it. 

8.8Severability. If any provision of this Agreement shall be adjudicated to be invalid, ineffective or unenforceable, the remaining provisions of this Agreement shall not be affected thereby. The invalid, ineffective and unenforceable provisionshall, without further action by the parties, be automatically amended to effect the original purpose and intent of the invalid, ineffective or unenforceable provision; provided, that such amendment shall apply only with respect to the operation ofsuch provision in the particular jurisdiction with respect to which such adjudication is made. 

8.9 Counterparts. This Agreement maybe executed in any number of counterparts, each of which shall be deemed to be an original, and all of which together will constitute one and the same Agreement. 

8.10 No Conflict. Executive covenants and represents that he is not a party to any agreement or understanding which impairs or prohibits his ability to enter into and perform services under this Agreement.

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

**FNDS3000 CORP.**

 

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David Fann Employment Agreement 

 
By: 
/s/ PIERRE BESUCHET
Name: Title: Director – Compensation CommitteeBy: 
 
Name: Title: Director – Compensation Committee 
/s/ DAVID FANN
 David Fann
 

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