| 1. | Employment.  DBMS      hereby employs Executive and Executive hereby accepts employment upon the      terms and conditions hereinafter setforth. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Term.  Unless      earlier terminated pursuant to Article 5 below, this Agreement shall      commence on the Effective Date and shall continue in effect until      terminated by DBMS upon 90 days prior written notice to Executive      (hereinafter the "Term").  The      foregoing notwithstanding, this Agreement may be terminated, without      further obligation, by either party on written notice provided on or prior      to July 22, 2009. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Duties.  During      the Term, Executive shall perform the duties set forth on Schedule      A. |
|----|-----------------------------------------------------------------------------------------------------------|

| 4. | Compensation.  For      all services rendered by Executive and for all covenants undertaken by      Executive pursuant to this Agreement, DBMS shall provide, and Executive      shall accept, the following. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1. | Base      Compensation.  DBMS shall pay a base cash compensation to      Executive as per Schedule      B. |
|------|----------------------------------------------------------------------------------------------------------------------|

| 4.2. | Fringe      Benefits.  During the Term, DBMS shall extend to      Executive other fringe benefits as per Schedule B. DBMS makes      no provision for retirement or death in service benefits to the Executive      save as may be provided from time to time within the terms of DBMS’s      pension or profit sharing plan, if any, or as may be required by      law. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Termination. |
|----|--------------|

| 5.1. | Termination of      Executive for Cause.  DBMS may terminate this Agreement      for “cause,” upon      the occurrence of one or more of thefollowing: |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Executive      commits a material act of dishonesty, deceit, or breach of fiduciary duty      in the performance of Executive’s duties as an employee of      DBMS; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Executive      neglects or fails, on a reccurring basis and in a material respect, to      perform Executive’s job duties as defined in Schedule      A; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Executive      substantially violates any written policy or reasonable expectation of      DBMS regarding employee behavior or conduct that has been communicated to      Executive by DBMS or such employee behavior or conduct is outside the      remit of Executive’s job description and Executive does not cure such      breach within thirty (30) days after written notice from    DBMS; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (d) | Executive      is convicted of, or pleads nolo contendre to, (i) any felony, or any      misdemeanor involving moral turpitude or (ii) any crime or offense      involving dishonesty with respect to DBMS;or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Executive      materially breaches any provision of this Agreement and does not cure such      breach within thirty days after written notice from DBMS, except that such      cure period shall not apply to any breach by Executive of the restrictive      covenants in Article 8 of thisAgreement. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2. | Illness or Disability      of Executive.  If Executive is unable for health reasons      to perform services for DBMS for a continuous period of more than 90 days,      Executive shall be deemed to be permanently and totally disabled. The      Executive shall be paid all compensation due under this Agreement until      Agreement is terminated pursuant to Article2. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3. | Death of      Executive.  This Agreement will terminate immediately      upon the death of Executive, and in such case the surviving named      beneficiary or Executive’s estate shall receive any compensation earned      and unpaid as of the date of Executive’sdeath. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4. | Resignation by      Employee.  In the event that Executive voluntarily      resigns as an employee of DBMS, all obligations of DBMS under this      Agreement shall terminate on the effective date of such      resignation. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Expenses.  In      addition to the compensation payable hereunder, the Executive shall be      entitled to incur other expenses (detailed in Schedules A and B herein) on      behalf of DBMS in the performance of the Executive’s duties. Executive      will charge such expenses to DBMS credit or charge cards, or to DBMS      vendors or, if Executive pays such expenses from his own resources,      Executive will be reimbursed upon submission of appropriate      vouchers. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Devotion to      business.  Throughout      Executive’s employment pursuant to this Agreement, Executive will devote      100% of Executive’s professional and business hours and Executive’s      undivided attention to the business and affairs of DBMS and its divisions      and affiliates, except as otherwise set forth in this      Agreement.  Nothing in this Agreement will preclude Executive      from devoting reasonable periods as may be required for outside activities      and engagements that will not reflect adversely on DBMS, and that are not      inconsistent with the mission or purposes of DBMS, including, but not      limited to, such activities as the following: (a) service as a director,      trustee, or member of a committee of any organization involving no      conflict of interest with the interests of DBMS; (b) fulfilling speaking      engagements, teaching at continuing education seminars, or fulfilling      other professional or business educational opportunities;      or |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (c) engaging in charitable and community      activities that are not inconsistent with the mission and purposes of      DBMS. |
|--------|--------------------------------------------------------------------------------------------------------------------------------|

| 8. | Restrictive      Covenants. |
|----|-----------------------------|

| 8.1. | Competition.  Executive      agrees that while this Agreement is in effect, and for a period of two      years after its termination, Executive will not, without the written      consent of DBMS, engage, directly or indirectly, either as principal,      agent, proprietor, director, officer, employee or consultant, or      participate in the ownership, management, operation or control, of any      business directly competitive with the business conducted by DBMS at the      date of termination of this Agreement.  A business competitive      with the business of DBMS shall include, without limitation, a business      that manufactures, provides or markets software for digital board books or      board portals–whether delivered via the Application Service Provider model      or as installed software–to desktop PCs, laptops, PDAs, mobile phones and      computing devices (or other form of computing or electronic device).      Nothing in this section shall prevent Executive from purchasing securities      of any business whose securities are regularly traded on any national      securities exchange, or in the over-the-counter market; provided that such      purchases shall not result in Executive owning, directly or indirectly, at      any time, one percent (1%) or more of the voting securities of any entity      engaged in any business competitive to that carried on by DBMS at the      termination of this Agreement.  The geographic area of the      restrictions set forth in this section  shall be the United      States and its territories and possessions, together with any other      countries in which DBMS shall have been actively promoting its services or      the licensing or franchise of the right to promote its services within the      12 month period prior to termination of the employment of      Executive. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2. | Recruitment of      personnel.  Executive agrees that he will not, while this      Agreement is in effect and for a period of two years thereafter, directly      or indirectly, individually or in concert with other persons, aid or      endeavor to solicit or induce |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | then      remaining employees of DBMS or its affiliates, or agents, licensees,      franchisees, or consultants performing regularly contracted work for DBMS      or its affiliates, to leave their employment or independent contractor      positions to accept employment or contractor positions with another person      or entity, or |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | then      customers of DBMS to obtain from another person or entity products or      services similar to or competitive with the products or services then sold      or provided by DBMS. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The      geographic area of the restrictions set forth in this Article 8.2 and its      preceding subsections shall be the United States and its territories and      possessions, together with any other countries in which DBMS shall have      been actively promoting its services or the licensing or franchise of the      right to promote its services within the 12 month period prior to      termination of the employment ofExecutive. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.3. | Confidential      Information.  Executive agrees that he will not, while      this Agreement is in effect or at any time thereafter, use or disclose to      any unauthorized person any trade secrets or other confidential      information of DBMS or its affiliates.  Executive acknowledges      and agrees that trade secrets and other confidential information, whether      created by Executive in connection with his employment or by others,      constitute DBMS’s sole and exclusive property.  For purposes of      this section, the term “confidential information” includes all documents,      materials and other information, whether in oral, written or electronic      form, that have been or will be furnished by or on behalf of DBMS to      Executive (or that have been or will be created for DBMS while Executive      is employed by DBMS), and includes, without limitation, all notes,      analyses, compilations, materials, manuscripts, books, pamphlets, tapes,      CDs, products, product information, mailing lists, customer information      and customer lists, business plans, business methods, web site designs,      technology information, software, source code, pricing information, and      any studies or other documents or materials prepared by the Executive      which contain or reflect all or any portion of the originally disclosed      materials.  Notwithstanding the foregoing, Confidential      Information does not include information that:  (i) was or      becomes generally available to the public other than as a result of a      disclosure by the Executive or Executive’s agents; or (ii) becomes      available to the Executive on a non confidential basis from an independent      source without breach of any confidentiality obligations. or (iii) which      Executive is required to disclose under applicable laws or regulations or      in connection with judicial or administrative proceedings, provided that      to the extent possible Executive shall notify DBMS if compelled to      disclose confidential information, prior to its disclosure, so as to      permit DBMS an opportunity to seek a protective order or other appropriate      relief it deems prudent.  Executive will return all documents      and other tangible evidence related to DBMS’s trade secrets and any      confidential information on termination of this Agreement with or without      cause.  No breach or alleged breach of this Agreement by DBMS      shall alter the obligations of Executive set forth in this      Article. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4. | Right to Injunctive      Relief and Other Remedies.  Executive agrees that the      restrictions contained in Article 8 are necessary for the protection of      DBMS and any breach thereof may cause DBMS irreparable harm for which      there may not be adequate remedy at law.  Executive consents in      the event of such breach to the issuance of injunctive or other equitable      relief in favor of DBMS restraining the breach of the Article 8 covenants      by any court having jurisdiction.  Executive agrees that the      rights of DBMS to obtain an injunction shall not be considered a waiver of      DBMS’s rights to assert any other remedy it may have at law or in      equity.  With regard to any preliminary injunctive or similar      equitable relief that may be granted to enforce the covenants set forth in      Article 8, Executive waives the requirement of a bond being posted in      connection with such relief. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Non-Disparagement.  During      the term of this Agreement and thereafter, Executive shall not, directly      or indirectly, disparage or make negative, derogatory or defamatory      statements about DBMS, its business activities, or any of its directors,      officers, employees, affiliates, agents, or representatives or any of      them, to any person or business entity.  Neither DBMS nor its      directors, officers, employees, affiliates, agents and representatives      shall, directly or indirectly, disparage or make negative, derogatory or      defamatory statements about Executive.  Except pursuant to a      subpoena validly issued or enforced by a court, arbitrator, agency, or      other governmental body of competent jurisdiction, or in response to a      valid investigative demand by a governmental body, neither Executive nor      DBMS (including any of its directors, officers, employees, affiliates,      agents and representatives) will testify, consult, cooperate or otherwise      communicate with any other person concerning any legal proceeding,      judicial or administrative, against or adverse to Executive, DBMS or an      affiliate of DBMS, actual or contemplated.  Executive and DBMS      shall give prompt notice (i.e., no later than five (5) business days      following receipt) to each other of any such subpoena or investigative      demand before taking any action in response  thereto. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 10. | Inventions.  Executive agrees that all inventions      conceived of or developed by Executive during the term of the Executive’s      employment with DBMS, whether alone or jointly with others and whether      during working hours or otherwise, which relate to the business or      interests of DBMS shall be DBMS’s exclusive property.  Executive      shall (i) promptly disclose in writing to DBMS each invention related to the business or interests of DBMS that      is conceived or developed by      Executive during the term of Executive’s employment with DBMS, (ii) assign      all rights to such inventions to DBMS and (iii) assist DBMS, at DBMS’s expense, in every way to obtain and protect any patents,      trademarks or copyrights on such  inventions. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Miscellaneous. |
|-----|----------------|

| 11.1. | Severability.  If      any provision of this Agreement shall be adjudicated to be invalid, it      shall not affect the remaining provisions of this Agreement.  In      addition, if any provision of this Agreement shall be adjudicated to be      invalid as it relates to the restrictive covenants in Article 8, such      provision shall be modified automatically to provide for the maximum      restriction on Executive that is lawful as, for example, by decreasing the      geographical area or duration of any such  restriction. |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2. | Further      assurances.  Each of DBMS and Executive agrees, at the      expense of DBMS, to do such acts and execute such documents as are      reasonably necessary to implement fully his or its respective covenants      under this Agreement. |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.3. | Succession.  This      Agreement shall extend to and be binding upon Executive and his heirs,      administrators and executors and upon DBMS and its successors and      assigns. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.4. | Entire agreement;      waiver.  This Agreement contains the entire and only      agreement between DBMS and Executive with respect to the subject matter      hereof.  This Agreement supersedes all prior representations,      agreements and understandings, whether oral or written, upon the subject      matter hereof.  All waivers and modifications of this Agreement      shall be in writing and signed by the party against whom enforcement of      such waiver or modification is sought.  No waiver or failure or      delay by either party to enforce a right set forth in this Agreement shall      operate as a waiver of any term or condition of this Agreement as applied      to the same or similar circumstances occurring  thereafter. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 11.5. | Governing      Law.  This Agreement shall be construed and interpreted      in accordance with the laws of the United States of America and of the      State of New York, without reference to the internal choice of law rules      of New York. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.6. | Compliance with      Applicable Laws and Regulations.  This Agreement is to be      construed, and the compensation provided under this Agreement is to be      paid, in such manner and at such times as shall comply with all applicable      laws and regulations, including but not limited to, Internal Revenue Code      Section 409A and the regulations and guidance promulgated thereunder by      the U.S. Department of theTreasury. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.7. | Notices.  Any      notice or other communication required or permitted to be made or given to      either party pursuant to this Agreement shall be sufficiently made or      given on the date of mailing if the notice or communication is in writing      and is delivered by hand or sent to the recipient by nationally recognized      courier or certified mail, return receipt requested, addressed to the      intended recipient at his or its address set forth in the preamble to this      Agreement or to such other address as the recipient shall have designated      by written notice given to the party providing  notice. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.8. | Arbitration.      All disputes between the parties to this Agreement shall be resolved by      arbitration before a single arbitrator in New York, New York, in      accordance with the commercial arbitration rules of the American      Arbitration Association.  At any hearing, the parties shall have      the right to submit argument and evidence, including testimony, by IP      videoconference.  This agreement to arbitrate, together with any      proceedings in connection with an arbitration award, shall be governed by      the Federal Arbitration Act, 9 U.S.C. Sec. 1 et  seq. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Notwithstanding      anything to the contrary in Article 11.8, each of the parties shall have      the right to seek a temporary or preliminary injunction or other      provisional equitable relief in a court having jurisdiction.  If      a party files an action requesting provisional relief in a court, such      party shall make a motion, which motion all the other parties shall join,      to refer further proceedings (other than any hearing on the imposition or      lifting of provisional remedies) to arbitration in accordance with this      Article 11.8. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | DBMS      and Executive agree that any arbitration pursuant to this Agreement may be      consolidated, before the same arbitrator, with any other arbitration      pursuant to any employment or corporate governance agreements providing      for arbitration and to which DBMS or any of its officers, directors or      shareholders are parties.  In the sound discretion of the      arbitrator, the issues to be heard may be consolidated or severed for      purposes of hearing. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.9. | Legal      Fees.  Executive, and his heirs, shall be entitled      to reasonable attorney’s fees incurred in the successful defense or      enforcement of any of their rightshereunder. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.10. | Article      Headings.  The article headings in this Agreement are for      convenience only and shall not be considered a part of, or modify,      explain, enlarge, restrict or in any way affect, the construction or      interpretation of any provisions of this  Agreement. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 11.11. | Counterparts.  This      Agreement may be executed in counterparts.  Facsimile and      electronic signatures shall be treated as originals for all purposes of      this Agreement. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Condition      precedent. This Agreement is subject, as a condition precedent, to      approval by the Company’s Board of Directors. This Agreement shall be      submitted to the Board at its next regularly-scheduled meeting, which is      scheduled for June 25, 2009. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | WITNESS      the signatures of the parties hereto as of the date first written      above. |
|--------|--------------------------------------------------------------------------------------------|

|   | Diligent Board Member Services,      Inc.    |   |   | Executive               |   |
|--------|-------------------------------------------------------------|--------|--------|-------------------------|--------|
|   |                                                        |   |   |                    |   |
| By:    | /s/      Alessandro Sodi                                    |   |   | /s/      Steven P. Ruse |   |
|   | Alessandro      Sodi                                   |   |   | Steven      P. Ruse     |   |
|   | CEO                                                         |   |   |                    |   |

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| Responsibilities  | June 22, 2009 to August 17,      2009:                                                                                                                                                                                                                                                                                                                                                                                                       |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|              | Advisor      to President.                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Responsibilities  | August 17, 2009 and      thereafter:                                                                                                                                                                                                                                                                                                                                                                                                         |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|              | This      position is subject to the subsequent election by the Board of Directors      of the Executive as Executive Vice President, Chief Financial      Officer.                                                                                                                                                                                                                                                                     |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Job      Title:   | Executive      Vice President, Chief Financial Officer                                                                                                                                                                                                                                                                                                                                                                                       |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
| Function:         | The      Chief Financial Officer (CFO) provides both operational and financial      support to the organization. The CFO supervises the finance unit and is      the chief financial spokesperson for the organization. The CFO reports      directly to the President/Chief Executive Officer (CEO) on all strategic      and tactical matters as they relate to budget management, forecasting      needs and the securing of new funding. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Reports      to:  |                                                                                                                                                                                                                                                                                                                                                                                                                                         | President      & CEO |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
| Accountabilities: | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Assist      in performing all tasks necessary to achieve the organization's mission      and help execute staff succession and growth plans. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Train      the Finance Unit and other staff on raising awareness and knowledge of      financial management matters. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Work      with the President/CEO on the strategic vision. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Assist      the CEO in identifying new funding opportunities. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Provide      the CEO with an operating budget. Work with the management team to ensure      success. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Oversee      the management, coordination and consolidation of all fiscal reporting      activities for the organization and its subsidiaries including:      organizational revenue/expense and balance sheet reports. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Working      with the Company’s Auditors, prepare and file all financial reports      required by the Securities and Exchange Commission and by the New Zealand      Exchange. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Oversee      all purchasing and payroll activity. |
|              |                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|              | ●                                                                                                                                                                                                                                                                                                                                                                                                                                      | Develop      and maintain systems of internal controls to safeguard financial assets of      the organization. Oversee the coordination and activities of independent      auditors ensuring compliance issues are met, and the preparation of the      annual financial statements is in accordance with U.S.  GAAP. |

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|   | ● | Attend      Board meetings after being appointed Financial Director.                                                                                                                                                  |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                                                                                  |
|   | ● | Monitor      banking activities of the organization.                                                                                                                                                                  |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Investigate      cost-effective benefit plans and other fringe benefits which the      organization may offer employees and potential employees with the goal of      attracting and retaining qualified individuals. |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Oversee      the production of monthly reports including financial statements and cash      flow projections for use by Executive management, as well as the      Audit/Finance Committee and Board of Directors.     |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Assist      in the design, implementation, and timely calculations of wage incentives,      commissions, and salaries for the staff.                                                                                  |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Oversee      Accounts Payable and Accounts Receivable.                                                                                                                                                                |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Oversee      business insurance plans and health care coverage analysis.                                                                                                                                              |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Oversee      all tax reporting activity world wide.                                                                                                                                                                   |
|   |    |                                                                                                                                                                                                                  |
|   | ● | Initiate      and maintain internal controls as required under Section 404 of Sarbanes      Oxley.                                                                                                                    |

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