Document:

EXHIBIT 10.1
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                    RESIGNATION AGREEMENT AND GENERAL RELEASE
                    -----------------------------------------

     This RESIGNATION AGREEMENT AND GENERAL RELEASE (the "Agreement") is made as
of the 14th day of November, 2001 by and between Presstek, Inc. (the "Company"),
and Neil M. Rossen ("Mr. Rossen").

     WHEREAS, Mr. Rossen has been employed by the Company as a senior executive;

     WHEREAS, Mr. Rossen desires to resign from employment with the Company and
all positions he holds at the Company or its affiliates or subsidiaries,
including his membership on the Board of Directors of the Company's subsidiary,
Lasertel, Inc. ("Lasertel");

     WHEREAS, the Company and Mr. Rossen desire to specify the terms and
conditions of his resignation from employment with the Company and all positions
he holds at the Company or its affiliates and subsidiaries.

     NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and in consideration of the mutual
covenants and obligations herein contained, the parties hereto agree as follows.

     1.   Employment/Director/Officer Status.
          ----------------------------------

          (a)  Resignation Date. Effective as of December 31, 2001 (the
"Resignation Date"), Mr. Rossen shall resign from (a) his employment with the
Company; (b) his officer position as Vice President and Chief Financial Officer
of the Company and any other officer positions with the Company that he may
hold; (c) his position as a member of the Board of Directors of Lastertel; and
(d) all duties associated with such positions and status. Simultaneously with
execution of this Agreement, Mr. Rossen will execute a letter in the form
attached hereto as Schedule A tendering his resignation from his officer
positions with the Company and his membership on the Board of Directors of
Lasertel.

          (b)  Termination of Benefits. As of the Resignation Date, Mr. Rossen's
salary shall cease, and any entitlement he has or might have had under any
Company-provided benefit plan, program, contract or practice shall terminate,
except as otherwise described below or as otherwise required by law.

          (c)  Payments of Accrued Obligations. On the Resignation Date, the
Company will provide Mr. Rossen with a check for his final earned, unpaid salary
and his unused earned time off accrued through the Resignation Date. In
addition, provided that within two weeks after his Resignation Date Mr. Rossen
submits to the Company an expense report and itemized documentation to the
Company's satisfaction for all final expenses incurred on behalf of the Company,
the Company will reimburse Mr. Rossen for such expenses within two weeks after
he submits such documentation, all to be done in accordance with the Company's
expenses-related policies and /or practices.
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          (d)  No Other Rights. Mr. Rossen and the Company acknowledge and agree
that other than the Stock Options discussed in Section 2(c) hereof, Mr. Rossen
is not entitled to any options to purchase, rights to purchase or other rights
convertible into the capital stock of the Company and/or any of its subsidiaries
or affiliates, or to any securities of, shares of capital stock of, and/or any
other form of equity in, the Company and/or any of its subsidiaries or
affiliates.

          (e)  Ongoing Obligations. Mr. Rossen hereby affirms his ongoing
obligations pursuant to the Employee Work Product and Non-Disclosure Agreement
executed by Mr. Rossen and the Company on July 16, 1998 (the "Non-Disclosure
Agreement") which shall remain in effect in accordance with its terms and
conditions. A copy of the Non-Disclosure Agreement is attached hereto as
Schedule B.

     2.   Consideration. In exchange for and in consideration of Mr. Rossen's
execution of this Agreement and contingent upon (i) Mr. Rossen's compliance with
all provisions of this Agreement, including but not limited to the
Non-Disclosure Agreement; and (ii) this Agreement not being revoked pursuant to
Section 9 hereof, the Company agrees to provide Mr. Rossen with the following:

          (a)  Severance. The Company will provide Mr. Rossen with a gross
severance payment of $6,923.08 per month for the twelve months following the
Resignation Date, which severance payments shall cumulatively total the gross
amount of $180,000 (the "Severance Payments").

          (b)  COBRA Payments. The Resignation Date shall be the date of the
"qualifying event" under the Consolidated Omnibus Budget Reconciliation Act of
1985 ("COBRA") for purposes of medical insurance continuation. If Mr. Rossen
elects to continue medical and dental insurance coverage in accordance with the
provisions of COBRA, the Company agrees to pay Mr. Rossen's COBRA premiums for
the shorter period of (i) twelve (12) months following the Resignation Date or
(ii) the period from the Resignation Date through the date on which Mr. Rossen
becomes covered under another group insurance plan, all subject to the terms and
conditions set forth in COBRA. After the expiration of such time period, Mr.
Rossen will be solely responsible for any and all payments for any period of
continued medical insurance coverage under COBRA. Mr. Rossen will receive
additional COBRA information under separate cover.

          (c)  Stock Options. During Mr. Rossen's employment with the Company,
he was granted the following stock options (collectively, the "Stock Options"):
On June 22, 1998, an incentive stock option to purchase 28,000 shares of common
stock of the Company (the "6/22/1998 Incentive Stock Option"); on June 22, 1998,
a non-qualified stock option to purchase 60,000 shares of common stock of the
Company (the "6/22/1998 Non-Qualified Stock Option"); on June 14, 1999, a
non-qualified stock option to purchase 15,000 shares of common stock of the
Company (the "6/14/1999 Non-Qualified Stock Option"); and on May 25, 2000, a
non-qualified stock option to purchase 50,000 shares of common stock of the
Company (the "5/25/2000 Non-Qualified Stock Option"). The Company agrees to
accelerate the vesting of each of the four Stock Options so that as of the
Resignation Date, the Stock Options are vested to include the number of shares
that would have vested in the calendar year 2002 had Mr. Rossen remained

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employed with the Company through December 31, 2002. Accordingly, as of the
Resignation Date, Mr. Rossen shall be vested in each the respective Stock
Options as follows:

     o    6/22/1998 Incentive Stock Option: 28,000 Vested Shares
     o    6/22/1998 Non-Qualified Stock Option: 45,000 Vested Shares
     o    6/14/1999 Non-Qualified Stock Option: 11,250 Vested Shares
     o    5/25/2000 Non-Qualified Stock Option: 25,000 Vested Shares

     The Company further agrees to extend the time period within which Mr.
Rossen may exercise the Stock Options until December 31, 2002. Any Vested Shares
that are not exercised by Mr. Rossen by December 31, 2002 shall be forfeited.
Moreover, as of the Resignation Date, any and all unvested shares of the Stock
Options (a total of 43,750 unvested shares) shall be unexercisable, and shall be
terminated and forfeited by Mr. Rossen. Other than as set forth herein, each
Stock Option shall continue to be governed by (i) the respective written stock
option agreement pursuant to it was granted, as such agreement was executed by
Mr. Rossen and the Company and as may be amended, and (ii) the applicable
Company Stock Option Plan(s), as may be amended (collectively, the "Option
Documents").

     EACH OF THE OPTION AGREEMENTS IS HEREBY AMENDED BY THIS AGREEMENT, IN THE
MANNER SET FORTH ABOVE, TO ACCELERATE A PORTION OF THE STOCK OPTIONS THAT
OTHERWISE VEST DURING THE CALENDAR YEAR 2002 AND WHICH WILL BECOME EXERCISABLE
FOLLOWING THE RESIGNATION DATE UNTIL DECEMBER 31, 2002, AND THIS AGREEMENT SHALL
SERVE AS THE AMENDMENT TO EACH OF THE OPTION AGREEMENTS. MR. ROSSEN ACKNOWLEDGES
AND AGREES THAT, CONSISTENT WITH THE TERMS OF THE OPTION DOCUMENTS, UPON
EXERCISE OF ANY STOCK OPTION BY MR. ROSSEN, THE COMPANY SHALL HAVE THE RIGHT TO
DEDUCT FROM PAYMENTS OF ANY KIND OTHERWISE DUE TO MR. ROSSEN, ANY FEDERAL, STATE
OR LOCAL TAXES OF ANY KIND REQUIRED BY LAW TO BE WITHHELD WITH RESPECT TO ANY
SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF ANY STOCK OPTIONS. THE COMPANY
MAY ELECT TO SATISFY SUCH OBLIGATION, IN WHOLE OR IN PART, (I) BY CAUSING TO
WITHHOLD SHARES OF COMMON STOCK OTHERWISE ISSUABLE PURSUANT TO THE EXERCISE OF A
STOCK OPTION, OR (II) BY REQUIRING DELIVERING TO THE COMPANY SHARES OF COMMON
STOCK ALREADY OWNED BY MR. ROSSEN TO SATISFY THE OBLIGATION (AND WHICH ARE NOT
SUBJECT TO ANY REPURCHASE OR FORFEITURE REQUIREMENTS). THE SHARES SO DELIVERED
OR WITHHELD SHALL HAVE A FAIR MARKET VALUE SUFFICIENT TO SATISFY SUCH
WITHHOLDING OBLIGATION AS OF THE DATE THAT THE AMOUNT OF TAX TO BE WITHHELD IS
DETERMINED.

          (d)  Car Lease Payments. The Company agrees that through December 31,
2002 (i) Mr. Rossen may continue to use the Company-leased car that he currently
uses (the "Car"); and (ii) the Company will continue to pay the monthly Car
lease payments on behalf of Mr. Rossen; provided that through December 31, 2002,
Mr. Rossen assumes responsibility for, and pays for, all costs, fees and/or
expenses associated with the Car (except for the lease and insurance payments)
including, but not limited to, those relating to maintenance, repairs, gas,
parking, inspection and/or registration. Mr. Rossen and the Company agree that
any such expense, cost and/or fee not paid by Mr. Rossen will be deducted from
the Severance Payments. Mr. Rossen and the Company further agree that on or
before December 31, 2002, Mr. Rossen shall be obligated to return the Car to the
Company in substantially the same condition as the condition of the Car on the
Resignation Date. Should Mr. Rossen fail to comply with his obligations set
forth in the

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previous sentence, Mr. Rossen will be obligated to immediately indemnify the
Company for any and all liabilities, costs, attorneys' fees or other expenses
incurred by the Company as a result of or in connection with Mr. Rossen's
failure to comply with such obligations.

          (e)  Transfer of Property. On the Resignation Date, the Company shall
transfer to Mr. Rossen title to and possession of the Palm Pilot and cellular
phone that he has been using in connection with his employment with the Company.
Mr. Rossen and the Company agree that Mr. Rossen shall pay for any phone bills
and/or other costs or expenses associated with the cellular phone that are
incurred after the Resignation Date, and that as of the Resignation Date, the
Company shall cause Mr. Rossen to be named on the agreement with the cellular
phone company as the party responsible for all payments and all other
obligations regarding the cellular phone.

               (i)   The parties agree that the combined value of the Palm Pilot
and cellular phone is $500.00. Mr. Rossen hereby authorizes the Company to
deduct any tax withholdings applicable to the transfer of such property from any
payments to be made by the Company after the Resignation Date pursuant to this
Agreement. As of the transfer, all risk of damage or loss with respect to such
Palm Pilot and cellular phone shall rest with Mr. Rossen. The Palm Pilot and
cellular phone shall be transferred to Mr. Rossen "as is," with no
representations or warranties, express or implied, being made to Mr. Rossen
(including warranties of merchantability or fitness for a particular purpose)
and, without limiting the generality of the foregoing in any way, in no event
shall the Company be liable for any consequential, special, punitive or other
damages in connection with this transfer of the Palm Pilot and cellular phone.

               (ii)  Mr. Rossen represents and warrants that by the Resignation
Date, he will delete all confidential, trade secret and/or proprietary
information of the Company that may be stored on the Palm Pilot, in accordance
with Section 7 of this Agreement and Mr. Rossen's obligations contained in the
Nondisclosure Agreement.

          (f)  Taxes. All payments made or benefits provided pursuant to
Sections 1 and 2 of the Agreement will be subject to all applicable federal,
state, and local income, withholding, payroll and other taxes.

     3.   General Release.
          ---------------

          (a)  In exchange for the payments and benefits described in Section 2
hereof, as well as the release set forth in Section 3(b) hereof, and other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Mr. Rossen hereby agrees that he, his representatives, agents,
estate, heirs, administrators, agents, attorneys, successors and assigns
(collectively and individually, the "Rossen Releasors"), absolutely and
unconditionally hereby release, remise, indemnify, hold harmless and forever
discharge the Company and its predecessors, successors, subsidiaries (including
but not limited to Lasertel), divisions, affiliates, assigns, investors, benefit
plans and insurers, as well as the current and former directors, shareholders,
stockholders, officers, employees, attorneys, representatives and/or agents of
any such entities, both individually and in their official capacities
(collectively and individually, the "Company Parties"), from any and all
"Claims" that the Rossen Releasors have, may have or have

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had against the Company Parties through the date that Mr. Rossen executes this
Agreement, whether or not specifically enumerated in this Agreement.

          (b)  In exchange for general release by the Rossen Releasors as set
forth above in Section 3(a) hereof, the Company and its predecessors,
successors, subsidiaries (including but not limited to Lasertel), affiliates,
divisions and assigns (the "Company Releasors"), absolutely and unconditionally
hereby release, remise, indemnify, hold harmless and forever discharge the
Rossen Releasers from any and all Claims that the Company Releasors have, may
have or have had against the Rossen Releasors. Provided, however, that nothing
in this Agreement shall be construed to, and the Company Releasors shall not,
release the Rossen Releasors from any claims the Company Releasors have, may
have or have had arising out of or concerning any obligations Mr. Rossen may
have, whether under statute, agreement (including without limitation the
Non-Disclosure Agreement) or common law, relating to noncompetition;
nonsolicitation of customers, employees or other third parties; and/or the
theft, misuse or misappropriation of corporate opportunities, trade secrets,
confidential information, proprietary and/or intellectual property of the
Company Releasors.

          (c)  For purposes of this Agreement, "Claims" shall mean any and all
actions or causes of action, suits, claims, complaints, contracts, liabilities,
obligations, agreements, promises, debts, damages, judgments, rights, demands
and remedies of any type, whether existing or contingent, known or unknown, in
law or in equity, including, but not limited to, those arising out of or in
connection with: (i) any relationship between Mr. Rossen and the Company,
including, but not limited to, Mr. Rossen's status as an employee, stockholder,
officer or director of the Company, its subsidiaries, divisions and/or
affiliates, or any change in and/or cessation of any such relationship; (ii) any
federal, state or local law, constitution or regulation regarding either
employment or employment discrimination and/or retaliation including, without
limitation, those concerning discrimination on the basis of race, color, age,
handicap, physical or mental disability, creed, religion, sex, sex harassment,
sexual orientation, marital status, national origin, ancestry, veteran status,
military service and/or application for military service; (iii) any federal,
state or local law, constitution or regulation regarding stock, options or
rights to purchase stock, equity, ownership interests and/or securities; and/or
(iv) any contract, whether oral or written, express or implied, any tort, and/or
any other statute or common law of any nature whatsoever. Provided, however,
that no party shall waive any Claims that may relate to or arise under this
Agreement and its attached schedules.

     4.   Waiver of Rights and Claims Under the Age Discrimination in Employment
Act of 1967: Because Mr. Rossen is 40 years of age or older, Mr. Rossen is
hereby informed that he has or might have specific rights and/or claims under
the Age Discrimination in Employment Act of 1967 ("ADEA") and Mr. Rossen agrees
that:

          (a)  In exchange for the consideration described in this Agreement, to
which he is not otherwise entitled, Mr. Rossen specifically waives such rights
and/or claims to the extent that such rights and/or claims arose prior to or on
the date this Agreement was executed;

          (b)  Mr. Rossen understands that he does not waive any rights or
claims under the ADEA that may arise after the date he executes this Agreement;

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          (c)  Mr. Rossen hereby is advised of the right to consult with his
counsel of choice prior to executing this Agreement and Mr. Rossen agrees and
acknowledges that he has not been subject to any undue or improper influence
interfering with the exercise of his free will in executing this Agreement; and

          (d)  Mr. Rossen has 21 days within which to consider and execute this
Agreement, and the 21-day period will not be affected by any modifications,
whether material or immaterial, that may be made to this Agreement.

     5.   Settlement of Amounts Due. Mr. Rossen accepts the payments and
benefits set forth in this Agreement, together with any payments and benefits
previously provided by the Company to him, as full, complete and unconditional
payment, settlement, accord and/or satisfaction of any and all obligations and
liabilities of the Company Parties to Mr. Rossen, and with respect to all Claims
that could be asserted by Mr. Rossen against the Company Parties arising out of
Mr. Rossen's employment and/or other relationship with the Company, its
subsidiaries and/or affiliates, or any change in and/or cessation of such
employment or relationship, including, without limitation, any and all Claims
for wages, salary, vacation pay, compensation, draws, incentive pay, bonuses,
stock, stock options, deferred compensation, commissions, severance pay,
attorney's fees, ownership or equity interests in the Company, exemplary damages
or other benefits, costs or sums.

     6.   Future Conduct.
          --------------

          (a)  Confidentiality. Mr. Rossen agrees that he shall not divulge or
publish, directly or indirectly, any information regarding the substance, terms
or existence of this Agreement and/or any discussions or negotiations relating
to this Agreement to any person or entity other than his attorneys, accountants,
financial advisors or members of his immediate family. The Company agrees that
it shall not divulge or publish, directly or indirectly, any information
regarding the substance, terms or existence of this Agreement and/or any
discussions or negotiations relating to this Agreement to any person or entity
other than (i) its attorneys, accountants, financial advisors and directors;
(ii) any employee of the Company or its subsidiaries and/or affiliates who needs
to know such information in order to perform his/her job responsibilities; and
(iii) as required by federal, state or local law, regulation, guidance or
ordinance.

          (b)  Nondisparagement. Mr. Rossen agrees that he shall not make any
disparaging, negative or otherwise detrimental statements to any person
(including any employee of the Company or its subsidiaries and/or affiliates) or
entity concerning the Company or its subsidiaries and/or affiliates and/or their
respective operations, financial condition, directors, officers, shareholders
and/or employees. The officers and directors of the Company agree that they
shall not make any disparaging, negative or otherwise detrimental statements to
anyone concerning Mr. Rossen.

          (c)  Communications. Nothing in this Agreement shall prohibit or bar
the parties from providing truthful testimony in any legal proceeding or in
communicating with any governmental agency or representative or from making any
truthful disclosure required under law;

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provided, however, that in providing such testimony or in making such
disclosures or communications, the parties will use their best efforts to ensure
that this Section is complied with to the maximum extent possible. Moreover,
nothing in this Agreement shall prevent Mr. Rossen from contacting, seeking
assistance from or participating in any proceeding before any federal or state
administrative agency to the extent permitted by applicable federal, state
and/or local law. However, notwithstanding this provision, Mr. Rossen will be
prohibited to the fullest extent authorized by law from obtaining monetary
damages in any agency proceeding in which he does so participate.

     7.   Company Confidential Information and Property. Mr. Rossen agrees that
by the Resignation Date, he will return to the Company all confidential
information, and property and materials of the Company (including its
subsidiaries and/or affiliates), including, but not limited to, company records,
documents or other information, along with all copies thereof, and all computer
storage media containing any such records, documents or other information, all
pagers, cellular telephones, personal computer equipment and software, company
credit cards, gas cards, telephone charge cards, building keys and/or passes and
any other equipment belonging to the Company (except for the cellular phone and
Palm Pilot described in Section 2(e) hereof). Mr. Rossen agrees that in the
event he discovers any other Company materials in his possession after the date
he executes this Agreement, he will immediately return such materials to the
Company.

     8.   General.
          -------

          (a)  Entire Agreement. The parties agree that no other terms,
conditions, representations, agreements, understandings, or promises have been
made that are not contained herein, and that this Agreement, including its
attached Schedules and the Option Documents, represents the full and complete
understanding between them. Moreover, this Agreement, including its attached
Schedules and the Option Documents, sets forth the complete, sole and entire
agreement between the parties, and supersedes and cancels any and all prior or
contemporaneous agreements, negotiations, discussions, offers, understandings,
proposals, or understandings by or between the parties, whether oral or written,
express or implied, including, without limitation, the May 21, 1998 offer letter
from the Company to Mr. Rossen. The language of all parts of this Agreement
shall in all cases be construed as a whole in accordance with its fair meaning
and not strictly for or against either party hereto.

          (b)  No Modification/Waiver/Assignment. This Agreement may not be
changed, amended, modified, superseded or rescinded except upon the express
written and signed consent of the President of the Company and Mr. Rossen. The
failure by a party to exercise any right hereunder shall not operate as a waiver
of such party's right to exercise such right or any other right in the future.
Mr. Rossen may not assign any of his rights or delegate any of his duties under
this Agreement, but this Agreement shall be binding upon and inure to the
benefit of Mr. Rossen's successors, heirs, assigns, administrators, executors
and representatives. This Agreement may be assigned to, and shall be binding
upon and inure to the benefit of, the successors and assigns of the Company.
Each party hereto shall pay his or its own attorney's fees in connection with
the drafting and negotiation of this Agreement, including its attached
schedules.

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          (c)  Severability/Reformation. In the event that any provision of this
Agreement is determined by a tribunal of competent jurisdiction to be legally
invalid, void or voidable, the affected provision shall be stricken from the
Agreement, and the remaining terms of the Agreement and its enforceability shall
remain unaffected thereby; provided, however, that if such affected provision is
Section 3 and/or 4 hereof, the parties, upon returning the consideration
exchanged in the execution of this Agreement, may discontinue performance under
this Agreement. Moreover, if one or more of the provisions contained in this
Agreement shall for any reason be held by a tribunal of competent jurisdiction
to be excessively broad or otherwise unenforceable at law, such provision or
provisions shall be reformed and construed by the appropriate judicial body by
limiting or reducing it or them, so as to be enforceable to the maximum extent
compatible with the applicable law as it shall then appear.

          (d)  Governing Law. This Agreement shall in all respects be
interpreted, enforced and governed under and in accordance with the laws of the
State of New Hampshire, without giving effect to the principles of conflicts of
law thereof or of any other jurisdiction.

          (e)  Headings/Counterparts. The paragraph headings used in this
Agreement are included solely for convenience and shall not affect or be used in
connection with the interpretation of this Agreement. This Agreement may be
executed in any number of counterparts, each of which will be deemed an
original, but all of which will be deemed one and the same instrument.

     9.   Effective Date: After signing this Agreement, Mr. Rossen may revoke it
for a period of seven (7) days following said signing. This Agreement shall not
become effective or enforceable until the revocation period has expired.

MR. ROSSEN REPRESENTS THAT HE HAS READ THE FOREGOING AGREEMENT, THAT HE FULLY
UNDERSTANDS THE TERMS AND CONDITIONS OF SUCH AGREEMENT AND THAT HE IS
VOLUNTARILY EXECUTING THE SAME. MR. ROSSEN ACKNOWLEDGES THAT IN ENTERING INTO
THIS AGREEMENT, HE IS NOT RELYING ON ANY REPRESENTATION, PROMISE OR INDUCEMENT
MADE BY THE COMPANY OR ITS ATTORNEYS, WITH THE EXCEPTION OF THE CONSIDERATION
DESCRIBED IN THIS DOCUMENT.

     IN WITNESS WHEREOF, the parties hereby execute this Resignation Agreement
and General Release as of the day, month and year first written above.

                                         /s/ Neil Rossen
                                         ---------------------------------------
                                         Neil Rossen

                                         PRESSTEK, INC.

                                         By: /s/ Robert W. Hallman
                                             -----------------------------------
                                             Robert W. Hallman
                                             President & Chief Executive Officer

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                          [PRESSTEK LOGO APPEARS HERE]

                                   SCHEDULE A

                                                              November 14, 2001

Presstek, Inc.
55 Executive Drive
Hudson, NH  03051
Attention:  Chief Executive Officer

Lasertel, Inc.
7775 N. Casa Grande Highway
Tucson, AZ  85743
Attention:  Board of Directors

Gentlemen:

     Effective December 31, 2001, I hereby resign from my officer positions of
Vice President and Chief Financial Officer and any other officer positions I
hold with Presstek, Inc., and from my position as a member of the Board of
Directors of Lasertel, Inc., as well as all duties associated with any such
positions.

     Sincerely,

     /s/ Neil M. Rossen
     ------------------
     Neil M. Rossen

<PAGE>
                          [PRESSTEK LOGO APPEARS HERE]

               EMPLOYEE WORK PRODUCT AND NON-DISCLOSURE AGREEMENT

In consideration and as a condition of employment or continued employment by
Presstek, Inc. or any subsidiary, division or affiliate thereof (collectively
"Presstek"), the compensation paid therefor and the disclosure by Presstek of
confidential and proprietary information, the undersigned employee (the
"Employee") agrees as follows:

(a)  Employee acknowledges that in the course of his or her employment, Employee
will (i) be exposed to valuable confidential and proprietary information owned
exclusively by Presstek or its licensors, and (ii) foreseeably create for the
sole and exclusive benefit of Presstek, additional valuable confidential and
proprietary information. Employee agrees to treat all such information as
confidential and will not during his or her employment by Presstek or thereafter
at any time disclose to others (except as his or her duties at Presstek may
require) or use for his or her own benefit any Presstek proprietary information,
including without limitation, any trade secrets, know how or confidential
information pertaining to the business, work or investigations of Presstek.

(b)  Employee agrees that all workproduct, including but not limited to ideas,
inventions, improvements, discoveries, computer code, technical or business
innovations, advertising and marketing materials, company policies and
procedures, presentations and customer and prospect lists (collectively
"Workproduct") created by Employee or under Employee's discretion or
supervision, whether or not conceived during regular work hours or otherwise,
which are along the lines of the business, work or investigations of Presstek or
which result from or are suggested by any work Employee does for Presstek,
except those workproducts acknowledged by Presstek which are listed and
described in attached Schedule A to this Agreement, shall be the sole and
exclusive property of Presstek, that any and all patents, copyrights and other
proprietary interests therein shall belong to Presstek, and that the other
provisions of this Agreement shall fully apply to all such Workproduct.

(c)  Employee hereby assigns and transfers to Presstek, his or her entire right,
title and interest in and to all inventions, improvements or discoveries
(whether or not patentable) made or conceived or first reduced to practice by
him or her, whether solely or jointly with others, during the period of his or
her employment with Presstek, whether or not conceived during regular work hours
or otherwise, which are along the lines of the business, work or investigations
of Presstek or which result from or are suggested by any work Employee does for
Presstek.

(d)  Employee acknowledges that all copyrightable Workproduct arising under this
Agreement, including derivative works developed therefrom, is a work made for
hire under 17 U.S.C.ss.ss.101 et seq. (the "Copyright Act"), which shall be the
sole and exclusive property of Presstek. To the extent that any copyrightable
Workproduct created by Employee may not be the sole property of Presstek
<PAGE>
                          [PRESSTEK LOGO APPEARS HERE]

and/or may not be a work made for hire under the Copyright Act, Employee hereby
transfers, grants and assigns to Presstek, its successors and assigns, all
copyrights and all other right, title and interest in and to such Workproduct
developed under this Agreement.

(e)  Employee will assist Presstek in any reasonable manner to obtain for its
own benefit patents, copyrights or other legal protection thereon in any and all
countries, and will execute when requested, patent, copyright and other
applications and assignments and any other lawful documents deemed necessary by
Presstek to carry out the purposes of this Agreement, all without further
consideration than provided for herein, but at the expense of Presstek. Employee
further agrees that the obligations stated in this paragraph shall continue
beyond the termination of his or her employment with Presstek, but if Employee
is then called upon to render such assistance, Employee shall be entitled to a
fair and reasonable per diem fee in addition to reimbursement of any expenses
incurred at the request of Presstek.

(h)  Without Presstek's express prior written consent, Employee will not during
his or her employment by Presstek engage in any employment or activity other
than for Presstek in any business in which Presstek is now or may hereafter
become engaged.

(i)  Employee agrees not to disclose to Presstek or use in any of his or her
work with Presstek any proprietary information of any of Employee's prior
employers or of any third party. Such information shall include, without
limitation, (i) any trade secrets or confidential information with respect to
the business, work or investigations of such prior employer or other third
party, or (ii) any ideas, inventions, improvements, innovations or discoveries
which do not constitute Workproduct as defined above. Employee further agrees
that if he or she is assigned to develop any Workproduct during the course of
his or her employment with Presstek where a question regarding the use of
proprietary information of others could be raised, then Employee shall
immediately inform his or her supervisor that continued work on such Workproduct
could raise a question as to the origin and ownership of such Workproduct and
request reassignment to another development project.

(j)  This Agreement shall apply to all Presstek confidential and proprietary
information, even where such information has been disclosed to Employee prior to
the execution of this Agreement and shall continue in full force and effect
until specific items of proprietary information covered by this Agreement either
become public knowledge or independently come into the possession of Employee in
a lawful manner unrelated to Employee's continued or previous employment with
Presstek.

(k)  Upon termination of Employee's employment by Presstek, all Presstek
proprietary information and related materials released to Employee and all
materials prepared or created by Employee in connection with his or her
employment with Presstek, along with all copies and notes made thereof, in any
format or media, shall be returned promptly to Presstek along with a signed
certification that Employee has done so.
<PAGE>

                          [PRESSTEK LOGO APPEARS HERE]

(l)  Employee represents that he or she has no agreements with or obligations to
others that conflict with the foregoing, or with Employee's employment with
Presstek generally.

This Agreement shall be construed in accordance with the laws of the State of
New Hampshire. This Agreement replaces any agreements previously signed by
Employee relating to Employee's employment by Presstek. This Agreement shall
inure to the benefit of the successors and assigns of Presstek, shall be binding
upon Employee's heirs, assigns and personal and legal representatives, and may
not be modified or terminated, in whole or part, except by a writing signed by
an authorized representative of Presstek. This Agreement shall not be deemed to
create an employment arrangement between Presstek and Employee, and Employee
acknowledges that Employee's employment by Presstek is an "at will"
relationship.

      EMPLOYEE                                         PRESSTEK, INC.

/s/ Neil Rossen                                 By: /s/ Cathy Cavanna
---------------------                               ---------------------

7/16/98                                             7/16/98
---------------------                               ---------------------
         Date                                                Date
<PAGE>

                          [PRESSTEK LOGO APPEARS HERE]

                                   Schedule A
                         Employee Workproduct Exceptions

Item Name and Description                         Presstek Acknowledgement
-------------------------                         ------------------------

1.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------

2.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------

3.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------

4.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------

5.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------

6.
     ------------------------------               ------------------------------

     ------------------------------

     ------------------------------EX-10.4
                              EMPLOYMENT AGREEMENT

                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made as of the 20th day of February, 2002, at
Westminster, Colorado, between WORLD AM COMMUNICATIONS, INC., a
Florida corporation ("Corporation" or "Company" or "Employer"), and
JAMES ALEXANDER, ("Employee").

     In consideration of the mutual covenants, agreements and
provisions contained in this Agreement, the parties agree as follows:

EMPLOYMENT

     1.0  EMPLOYMENT.  Employer employs Employee as President, and
Employee accepts employment, upon the terms and conditions set forth
herein.

     2.0  TERM.  This Agreement shall commence effective as of
February 20,2002, and shall continue in effect for a period of three
(3) years (the "Employment Period"); unless terminated earlier, by
Company or Employee, upon prior written notice.  Further, if a change
of control (as defined herein) of the Company shall have occurred
during the Employment Period, this Agreement shall continue in effect
for a period of twelve (12) months beyond the month in which such
change of control occurred.

     3.0  CHANGE OF CONTROL.  The term "Change of Control of the
Company" shall mean a change in control of a nature that would be
required to be reported in response to Item 5(f) of Schedule 14A of
Regulation 14A promulgated under the Securities Exchange Act of 1934
as in effect on the date of this Agreement or, if Item 5(f) is no
longer in effect, any regulations issued by the Securities and
Exchange Commission pursuant to the Securities and Exchange Act of
1934 which serve similar purposes; provided that, without limitation,
such change in control shall be deemed to have occurred if and when
(a) any "person" (as such term is used in Sections 13(d) and 14(d)(2)
of the Securities Exchange Act of 1934) is or becomes a beneficial
owner, directly or indirectly, of securities of the company
representing 25% or more of the combined voting power of the company's
then outstanding securities or (b) individuals who were members of the
Board of Directors of the Company immediately prior to a meeting of
the shareholders of the Company involving a contest for the election
of directors shall not constitute a majority of the Board of Directors
following such election.

     4.0  COMPENSATION.  For all services to be rendered by the
Employee pursuant to his duties set forth in this Agreement, the
Employee shall be paid as compensation;

        4.1.  Base Salary and Considerations.  A fixed salary in the
amount of $30,000 per year, payable in equal installments according to
the Company's regular payroll schedule.  This salary shall be reviewed
from time to time during the term of this Agreement by the
Corporation's Board of Directors or Compensation and Benefits
Committee of the Board.

        4.2.  Stock Issuances.  Executive shall be issued:

           4.2.1.  Fourteen Million Four Hundred Thousand
           (14,400,000) shares of the Common Stock of the Company
           pursuant to the terms of the Employee Stock Purchase
           Plan ("ESSP") to be adopted by the Company and
           registered under Form S-8. These shares shall vest in
           equal installments, One Million Two Hundred (1,200,000)
           shares quarterly over the three year Term; and

           4.2.2  Fifteen Million (15,000,000) unregistered
           shares of the Common Stock of the Company.  Company
           undertakes no obligation to register these shares.

Issuance of the shares shall be in accordance with all applicable
securities laws and any and all other terms and conditions of the
Company's ESSP to be adopted by the Company.

        4.3  Employee Benefit Plans.  The Employee, his dependents
and beneficiaries, shall be entitled to participate in any pension,
profit sharing, medical reimbursement, insurance or other employee
payment or benefit plan of the Employer as may be in effect from time
to time, subject to the participation standards and other terms
thereof, to the same extent as other officers under the benefit
practices of the Company.

     Executive shall be entitled to a percentage equal to Fifteen
percent (15%) of the Company's net profits.  Further, Executive shall
be entitled to participate in any pension or profit sharing plan or
other type of plan adopted by Company for the benefit of its officers
and/or regular employees

        4.4  Cumulative Compensation.  The compensation provided for
in paragraphs 4.1, 4.2 and 4.3 above, together with the perquisites
set forth in section 6.0 below, are in addition to the benefits
provided for upon termination pursuant to Section 12.0 below.

        4.5  Indemnification.  The Corporation hereby agrees to
indemnify, and keep indemnified in accordance with, and to the fullest
extent authorized by, the Laws of the State of Colorado as it may be
in effect from time to time, the Employee, from and against any
expenses (including attorney's fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by the Employee in
connection with any threatened, pending or completed action, suit or
proceeding, whether or not such action is by or in the right of the
Corporation or such other enterprise with respect to which the
Employee serves or has served as a director, officer or employee, by
reason of the fact that the Employee is or was a director, officer or
employee , of the Corporation, or is or was serving at the request of
the Corporation as a director, officer or employee of another
corporation, partnership, joint venture, trust or other enterprise.
The indemnification rights granted to the Employee under this
Agreement shall not be deemed exclusive of, or in limitation of, any
rights to which Employee may be entitled under the law of its state of
incorporation, the Corporation's Certification of Incorporation of By-
Laws, any other agreement, vote of stockholders or directors or otherwise.

     5.0  EXPENSES.  During the term hereof, the Corporation will
reimburse the Employee for any reasonable out-of-pocket expenses
incurred by the Employee in performance of service for the Corporation
under this Agreement (e.g., transportation, lodging and food expenses
incurred while traveling on Corporation business) and any other
expenses incurred by the Employee in furtherance of the Corporation's
business; provided, however, that the Employee renders to the
Corporation a complete and accurate accounting of all such expenses.

     6.0  PERQUISITES.  During the period of employment, Employee
shall be entitled to perquisites, including, without limitation, an
appropriate office, and fringe benefits accorded executives of equal rank.

     7.0  MINIMUM COMPENSATION.  Nothing in this Agreement shall
preclude the Company from amending or terminating any employee benefit
plan or practice or the provision of certain perquisites; provided,
however, that it is the intent of the parties that the Employee shall
continue to be entitled, during the period of employment, to
compensation, benefits and perquisites as set forth above at least
equal to those attached to his position on the date of this Agreement.
Nothing in this Agreement shall operate or be construed to reduce, or
authorize a reduction, without the Employee's written consent, in the
level of such compensation, benefits and perquisites.

     8.0  VACATIONS.  The Employee shall be entitled to a vacation
with full compensation equal to (3) weeks each year; provided,
however, that the Employee's vacation will be scheduled at such time
as will least interfere with the business of the Employer.  Attendance
at a business seminar is not to be deemed a vacation; provided,
whoever, that attendance at such meetings or seminars shall be planned
so as to least interfere with the business of the Employer.

     9.0  EMPLOYMENT.  The Company hereby agrees to continue the
Executive in its employ, and the Executive hereby agrees to remain in
the employ of the Company, for the Employment Period as specified in
Section 2.0, to exercise such authority and perform such duties as are
commensurate with the authority being exercised and duties being
performed by the Executive immediately prior to the effective date of
this Agreement, which services shall be performed at the location
where the Executive was employed immediately prior to the Effective
Date of this Agreement or at such other location as the Company may
reasonably require; provided that the Executive shall not be required
to accept a location which is unreasonable in the light of the
Executive's personal circumstances.  The Executive agrees that during
the Employment Period he shall devote his business time to his
executive duties as described herein and perform such duties
faithfully and efficiently.

     10.0  PERFORMANCE.  It is contemplated that during the period of
employment the Employee shall serve as an executive of the Company
with the office and title of President reporting directly to the Chief
Executive Officer during the period of employment, the Employee shall
hold a position of responsibility and importance and a position of
scope, with the functions, duties and responsibilities attached
thereto, at least equal to in responsibility and importance and in
scope to and commensurate with his position described in general terms
in this Section 10.0.

     11.0  TERMINATION.

        11.1  During the period of employment, Employee may
terminate this Agreement without cause or for cause.  For the purposes
of this Section 11.1, the term "cause" shall include the occurrence of
any of the following:

           11.1.1  The breach or violation by the Company of any
           of the terms of this Agreement;

           11.1.2.  Any significant change in position, duties and
           responsibilities of the Employee to which the Employee
           does not consent;

           11.1.3.  In the event of a change in control as defined
           in Section 2.0 hereof, any change in the circumstances
           of employment which the Employee determines, in good
           faith, results in his being unable to carry out the
           duties and responsibilities attached to the position
           and contemplated by the definition of that position set
           forth in this Agreement.

        11.2.  In the event of an occurrence described in subsection
11.1.1, 11.1.2,  or 11.1.3 above, the Employee shall serve written
notice of such event upon the Company, setting forth in detail the
circumstances which the Employee has determined constitutes "cause"
within any of those definitions.  In the event the Company should
remedy or otherwise cure the facts constituting the cause relied upon
by the Employee within thirty (30) days after such written notice,
such fact or circumstance shall not be deemed to constitute "cause"
for which employment can be terminated within the meaning of Section
11.1 above.

        11.3.  During the period of employment, the Corporation may
terminate this Agreement for cause and upon 30 days written notice and
opportunity to cure being given to Employee.  For the purpose of this
Section 11.3, the term "cause" shall include the occurrence of any of
the following:

           11.3.1.  Employee breaches or violates any of the terms
           of this Agreement;

           11.3.2.  Employee is convicted of any felony or is
           shown to have engaged in any act of dishonesty or fraud
           upon the Corporation, any of its affiliated companies,
           or any of its customers or clients;

           11.3.3.  Employee has been grossly negligent in the
           performance of his employment duties or responsibilities.

        11.4.  During the period of employment, the Corporation may
not terminate this Agreement without cause.

        11.5.  This Agreement shall also terminate upon the
insolvency, bankruptcy, dissolution, or liquidation of the Corporation
or cessation of business by the Corporation for at least thirty (30)
consecutive days.

     12.0  TERMINATION PAYMENTS.  In the event of a Termination and
subject to the provisions of Sections 11.1.1., 11.1.2., 11.1.3. or
11.4 of this Agreement, the Company shall pay to the Executive and
provide him with the following:

        12.1.  the Company shall continue to pay the Executive his
salary on a monthly basis at the same rate as an amount equal to
payment at Executive's base salary rate for the remaining period of
Term, plus an amount equal to one hundred percent (100%) of
Executive's base salary.  Any shares not yet vested in Employee shall
vest immediately.

        12.2.  During the remainder of the Employment or payment
Period, the Executive shall continue to be treated as an employee
under the provisions of any incentive compensation described in
Section 4.2.   In addition, the Executive shall continue to be
entitled to all benefits and service credit for benefits under
medical, insurance, split-dollar life insurance and other employee
benefit plans, programs and arrangements of the Company described or
referred to in Section 4.3 as if he were still employed during such
period under this Agreement.

        12.3.  If, despite the provisions of paragraph 12.2 above,
benefits or the right to accrue further benefits under any stock
option or other incentive compensation arrangement described in
Section 4.2 shall not be provided under any such arrangement to the
Executive or his dependents, beneficiaries or estate because he is no
longer an employee of the Company, the Company shall, to the extent
necessary, pay or provide for payment of such benefits to the
Executive or his dependents, beneficiaries or estate.

     13.0  DISABILITY.

        13.1.  If the Employee is unable to perform the Employee's
services by reason of illness or incapacity, the Employee's regular
compensation shall be continued for a period of four (4) weeks
following the week in which such illness or incapacity commences, at
the end of which time no further compensation shall be due and payable
to the Employee until the Employee shall return and resume the
Employee's duties.  In the event the Employee is eligible to receive
payments on account of the fringe benefit program covering disability
provided by the Corporation, then the Employee's base salary, as
defined as above, will be reduced to the extent of such entitlement
and receipt.

        13.2.  If, because of illness, physical or mental disability
or other incapacity, Employee shall fail, for a period of 120 work
days during the term hereof, to render the services provided for by
this Agreement, or if Employee contracts an illness or injury which
will permanently  prevent performance by him of the services and
duties provided for by this Agreement by notice to the Employee
effective 30 days after the giving of such notice, after which no
additional compensation shall be due.

     14.0  DEATH.  In the event of the death of Employee during the
term of this Agreement, his employment hereunder shall terminate on
the date of his death.  In the accounting between the Employer and the
Employee's personal representative, Employee's estate shall be due
compensation under this Agreement equal to one year of Employee's
salary.  Further one-fourth of the total amount of shares to be issued
to Employee pursuant to 4.2.1, Three Million Six Hundred (3,600,000)
shares, shall vest immediately, if not yet vested in Employee prior to
his death.

     15.0  COMPETITION.

        15.1.  Employee covenants to and with the Employer, its
successors and assigns, that during the term of this Agreement and for
a period of twelve (12) months from the date of the termination of
this Agreement for any reason, he will not directly or indirectly,
enter into any agreement or arrangement with any other person, firm,
corporation or entity to conduct any research or development, nor
shall Employee directly or indirectly conduct such research or
development on his own behalf, related to the discovery of processes,
inventions, improvement, development or commercialization of any new
device, apparatus or product competitive with a product developed,
produced or reduced to practice solely by the Corporation, unless
Employee shall have first obtained the Corporation's expressed written
consent thereto.

        15.2.  In the event of a breach or threatened breach by
Employee of any provisions of this Section 15.0 the Corporation shall
be entitled to an injunction restraining it from the commission of
such breach.  Nothing herein contained shall be construed as
prohibiting the Corporation from pursuing any other remedies available
to it for such breach or threatened breach, including the recovery of
money damages.  The covenants contained in this Section 15.0 shall be
construed as independent of any other provisions in this Agreement;
and the existence of any claim or cause of action of Employee against
the Corporation, whether predicated on this Agreement or otherwise,
shall not constitute a defense to the enforcement by the Corporation
of said covenants.

        15.3.  The covenants contained in this Section 15.0 shall
terminate and, upon termination, shall be unenforceable and of no
further legal force and effect, in the event the Corporation, or any
successor to the Corporation, becomes insolvent, is liquidated or
ceases for any reason to conduct business operations for a continuous
period of at least thirty (30) days.

        15.4.  The Corporation shall have the right to assign the
aforesaid covenants; and Employee agrees to remain bound by the terms
of the covenants to any and all subsequent purchaser and assignees of
the assets and business of the Corporation.

     16.0  NON-INTERFERENCE WITH EMPLOYEES.

        16.1.  Employee covenants with the Corporation that
employees of or consultants to the Corporation and employees of and
consultants to firms, corporations or entities affiliated with the
Corporation have, of necessity, been exposed to and have acquired
certain knowledge, understandings, and know-how concerning the
Corporation's business operations which is confidential information
and proprietary to the Corporation.

        16.2.  In order to protect the Corporation's confidential
information and to promote and insure the continuity of the
Corporation's contractual relations with its employees and
consultants, Employee covenants and agrees that for so long as
Employee holds any position or affiliation with the Corporation,
including service to the Corporation as an officer, director,
employee, consultant, agent or contractor, and for a period of twelve
(12) months from the date Employee ceases to hold any such position or
status with the Corporation or otherwise becomes disaffiliated with
the Corporation, he will not directly or indirectly, or permit or
encourage other to directly or indirectly (i) interfere in any manner
whatsoever with the Corporation's contractual or other relations with
any or all of its employees or consultants, or (ii) induce or attempt
to induce any employee or consultant to the Corporation to cease
performing services for or on behalf of the Corporation, or (iii)
solicit, offer to retain, or retain, or in any other manner engage or
employ the services of, any person or entity who or which is retained
or engaged by the Corporation, or any firm, corporation or entity
affiliated with the Corporation, as an employee, consultant or agent.

        16.3.  In the Event any court of competent jurisdiction
determines or holds that all or any portion of the covenants contained
in this Section 16.0 are unlawful, invalid, or unenforceable for any
reasons, then the parties hereto agree to modify the provisions of
this Section 16.0 if and only to the extent necessary to render the
covenants herein contained enforceable and otherwise in conformance
with all legal requirements.

     17.0  CLIENTS AND CUSTOMERS.

        17.1.  Employee covenants with the Corporation that the
clients and customers of the Corporation, both actual and
contemplated, constitute actual and prospective business relationships
which are proprietary to the Corporation and comprise, in part, the
Corporation's confidential information and trade secrets.

        17.2.  In order to protect the Corporation's proprietary
rights and to promote and ensure the continuity of the Corporation's
contractual relations with its customers and clients, Employee
covenants and agrees that, notwithstanding the provisions of Section
15.1 hereof, and for so long as Employee holds any  position or
affiliation with the Corporation, including service to the Corporation
as an officer, director, employee, consultant, agent or contractor,
and for a period of twelve (12) months from the date Employee ceases
to hold any such position or status with the Corporation or otherwise
becomes disaffiliated with the Corporation, he will not directly or
indirectly, or permit or encourage others to directly or indirectly
(i) interfere in any manner whatsoever with the Corporation's
contractual relations with any clients or customers, or (ii) induce or
attempt to induce any client or customer of the Corporation to cease
doing business with the Corporation.

        17.3.  In the event any court of competent jurisdiction
determines or holds that all or any portions of the covenants
contained in this Section 17.0 are unlawful, invalid or unenforceable
for any reason, then the parties hereto agree to modify the provisions
of this Section 17.0 if and only to the extent necessary to render the
covenants herein contained enforceable and otherwise in conformance
with all legal requirements.

     18.0  COVENANT TO RETAIN CONFIDENCES.

        18.1.  Employee understands that all information learned,
known, made, devised or developed concerning any of the Company's
products and activities, including, without limitation, any
inventions, discoveries, improvements, processes, formulas, computer
programs (including their structure, sequence, organization,
coherence, look and feel), apparatus, equipment, customer and client
lists, marketing plans, mailing lists, art, graphics, display,
research, and the like used by the Corporation in connection with its
business constitutes the confidential information, proprietary
information and trade secrets of the Corporation.  Employee covenants
and agrees that he will not (except as required in the course of his
position with the Corporation), during the term hereof or thereafter
for a period of twelve (12) months, communicate or divulge to, or use
for the benefit of himself or any other person, firm, association, or
corporation, without the consent of the Corporation, any confidential
information or trade secrets possessed, owned, or used by the
Corporation or its affiliates that may be communicated to, acquired
by, or learned of by the Employee in the course of or as a result of
his services with the Corporation.  For the purposes of this Section
18.1, confidential information of the Corporation shall not include
(i) any information developed by the Employee independently of
services performed by the Employee for the Corporation pursuant to
this Agreement; (ii) any information rightfully obtained by the
Employee from a third party without restriction; (iii) any information
publicly available other than through the fault or negligence of the
Employee; (iv) any information disclosed by the corporation to third
parties without restriction; or (v) information already known by the
Employee prior to its disclosure by the Corporation.

        18.2.  Employee will not use in the course of Employee's
employment with the Corporation, or disclose or otherwise make
available to the Corporation, any information, documents or other
items which Employee may have received from any other person or entity
(including any prior employer), and which Employee is prohibited from
so using, disclosing or making available.

        18.3.  All records, files, memoranda, reports, price lists,
customer lists, drawings, plans, sketches, documents, prototypes,
testing data, equipment, electronically stored information on disk,
tape or any other medium or existing in computer memory transmitted by
any means, including, but not limited to, telephone or electronic data
transmission and the like, relating to the business of the Corporation
or its affiliates, which Employee shall use or prepare or come into
contact with, shall remain the sole property of the Corporation.

     19.0  WORK PRODUCT.

        19.1.  All trade secrets, know-how, confidential
information, copyrightable material, inventions, discoveries, and
improvements, including computer programs (their structure, sequence,
organization, coherence, look and feel), whether patentable or
unpatentable, copyrightable or uncopyrightable, made, devised,
discovered or reduced to practice by the Employee, whether by himself
or jointly with others, from the time of  becoming an employee of the
Corporation until the termination of that status, shall be deemed work
for hire and shall be promptly disclosed in writing to the Corporation
and are to redound to the benefit of the Corporation and become and
remain its sole and exclusive property.

        19.2.  By executing this Agreement, Employee hereby
transfers and assigns to the Corporation, or person, firms or
corporations designated by the Corporation, any or all of  Employee's
rights, title and interest in and to any and all developments,
inventions, computer programs, discoveries, improvements, processes,
devices, copyrights, patents and patent applications therefore, and to
execute at any and all times any and all instruments and do any and
all acts necessary or which the Corporation may deem desirable in
connection with conveying, transferring and assigning Employee's
entire right, title and interest in and to any inventions,
discoveries, improvements, computer programs, processes devices,
copyrights, patent applications therefore or patents thereon in any
way related to the technology or trade secrets developed, discovered
or reduced to practice by Employee during the term of this Agreement,
it being the express understanding and agreement of the parties that
any and all future developments, inventions, and discoveries of
Employee during the term hereof shall be the property of the
Corporation, or its assigns.

     20.0  PATENTS AND COPYRIGHTS.

        20.1.  Employer shall cause to be filed United States and
foreign patent and/or copyright applications on each invention deemed
to be patentable or copyrightable and embodied in any technology
developed and reduced to practice during the term hereof which inure
to the Corporation by virtue of the provisions of Section 19.0 hereof.

        20.2.  The Corporation shall forfeit patent rights or
copyrights to any patentable or copyrightable technology developed by
Employee during the term hereof in any jurisdiction in which it fails
to file patent or copyright applications after a timely request by
Employee.  Employer shall provide to Employee a copy of each
application filed, and within six (6) months thereafter Employee shall
designated what, if any, foreign countries he desires applications to
be filed.  Patent or copyright prosecution and maintenance shall be
done by an attorney to be selected by the Corporation and approved by
Employee, which approval shall not be unreasonably withheld.  All
reasonable expense of filing, prosecution and maintenance of domestic
and foreign patents or copyrights and patent or copyright applications
shall be borne by Employer.

        20.3.  Employer and Employee agree to forebear from, and not
permit others to make or permit any public disclosure of any of the
patentable matter prior to the application for a United States patent.
All foreign patent applications shall be made no later than one (1)
year following the date of the U.S. patent application.

        20.4.  All patents shall be applied for in the name of
Employee, as inventor, and shall be assigned to the Corporation or its
assigns.  All copyrights shall be registered in the name of the
Corporation.  The Employee shall, upon demand, execute and deliver to
the Corporation or its assigns such documents or assignments as may be
deemed necessary or advisable by counsel for the Corporation or its
assigns for filing in the appropriate patent offices to evidence the
assignment of the patent rights hereby granted.

     21.0  REPRESENTATIONS OF EMPLOYEE.  The Employee represents that,
to the best of his knowledge and belief, neither his affiliation with
the Corporation, nor his holding any position as officer, director,
Employee, or consultant with the Corporation, nor his ownership of
common stock in the Corporation, nor his performing any other services
for the Corporation violates any presently existing, valid and
enforceable contract, agreement, commitment or other legal
relationship between Employee and any other person or entity.

     22.0  ATTORNEYS' FEES.  In the event there is any litigation or
arbitration between the parties concerning this Agreement, the
successful party shall be awarded reasonable attorneys' fees and
litigation or arbitration costs, including the attorneys' fees and
costs incurred in the collection of any judgment.

     23.0  NOTICES.  All notices required or permitted hereunder shall
be sufficient if delivered personally or mailed to the parties at the
address set forth below or at such other address as either party may
designate in writing from time to time.  Any notice by mailing shall
be effective 48 hours after it has been deposited in the United States
certified mail, return receipt requested, duly addressed and with
postage prepaid.

     24.0  PARTIAL INVALIDITY.  If any provisions of this Agreement are
in violation of any statute or rule of law of any state or district in
which it may be sought to be enforced, then such provisions shall be
deemed null and void only to the extent that they may be in violation
thereof, but without invalidating the remaining provisions.

     25.0  BINDING EFFECT.  This Agreement shall be binding upon and
inure to the benefit of the respective parties hereto, their heirs,
personal representatives, successors and assigns; provided, however,
that Employee may not assign his employment hereunder, and any
assignment by Employee in violation of this Agreement shall vest no
rights in the purported assignee.

     26.0  WAIVER.  No waiver of any breach of any one of the
agreements, terms, conditions or covenants of this Agreement by the
Employer or the Employee shall be deemed to imply or constitute a
waiver of any other agreement, term, condition or covenant of this
Agreement.  The failure of either party to insist on strict
performance of any agreement, term, condition or covenant, herein set
forth, shall not constitute or be construed as a waiver of the rights
of either or the other thereafter to enforce any other default of such
agreement, term, condition or covenant; neither shall such failure to
insist upon strict performance be deemed sufficient grounds to enable
either party hereto to forego or subvert or otherwise disregard any
other agreement, term, condition or covenants of this Agreement.

     27.0  GOVERNING LAW.  This Agreement and the rights and duties of
the parties shall be construed and enforced in accordance with the
laws of the State of Colorado.

     28.0  ENTIRE AGREEMENT.  This Agreement constitutes the entire
agreement of the parties hereto with respect to the subject matter
thereof.  There are no representations, warranties, conditions or
obligations except as herein specifically provided.  Any amendment or
modification hereof must be in writing.

     IN WITNESS WHEREOF, the parties to this Agreement have duly
executed it on the day and year first above written.

                                    EMPLOYER:

                                    WORLD AM COMMUNICATIONS, INC.

                                    By: /s/  Paul M. Labarile
                                    Paul M. Labarile, Director

                                    EMPLOYEE:

                                    /s/  James Alexander
                                    James Alexander

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]