Document:

ex101.htm

    Exhibit
10.1

    
 

    TECHNOLOGY ASSET PURCHASE
AGREEMENT

    

    THIS TECHNOLOGY ASSET PURCHASE
AGREEMENT (this "Agreement") is made
and entered into as of August __, 2008 by and between Nexicon, Inc., a Nevada
company ("Seller"), and
Priviam, Inc., a New Jersey corporation ("Buyer").

    

    RECITALS

    

    WHEREAS, Buyer desires to
purchase from Seller, and Seller desires to sell to Buyer, certain technology
assets, pursuant to the terms and subject to the conditions set forth
herein.

    

    NOW THEREFORE, Seller and
Buyer agree as follows:

    

    ARTICLE
I.

    

    DEFINITIONS

    

    1.1 Defined
Terms. As used herein, the
terms below shall have the following meanings:

    

    "Acquired Assets"
shall mean the assets of the Seller set forth on Schedule
A hereto.

    

    "Action" shall mean
any action, claim, suit, arbitration, inquiry, subpoena, discovery request,
proceeding or investigation, or threat thereof, by or before any court or grand
jury, any governmental or other regulatory or administrative agency or
commission or any arbitration tribunal.

    

    "Affiliate" shall
mean, with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with such Person and any
member, general partner, director, officer or employee of such Person. For
purposes of this definition of Affiliate, "control" shall mean the power of one
or more Persons to direct the affairs of the Person controlled by reason of
ownership of voting stock, contract or otherwise.

    

    "Damages" shall mean
any and all costs, losses, damages, liabilities, demands, claims, suits,
actions, judgments, causes of action, assessments or expenses, including
interest, penalties, fines and attorneys' fees incident thereto, incurred in
connection with any claim for indemnification arising out of this Agreement, and
any and all amounts paid in settlement of any such claim.

    

    "Intellectual
Property" shall mean all copyrights, copyright registrations, proprietary
processes, trade secrets, license rights, specifications, technical manuals and
data, drawings, inventions, designs, patents, patent applications, mask works,
tradenames, trademarks, service marks, product information and data, know-how
and development work-in-progress, customer lists, software, business
correspondence and marketing plans and other intellectual or intangible property
that comprise or are necessary to the use of the Acquired Assets, whether
pending, applied for or issued, whether filed in the United States or in other
countries, including, without limitation, all associated goodwill; all things
authored, discovered, developed, made, perfected, improved, designed,
engineered, acquired, produced, conceived or first reduced to practice by Seller
or any of its employees or agents that are embodied in, derived from or relate
to the Acquired Assets, in any stage of development, including, without
limitation, modifications, enhancements, designs, concepts, techniques, methods,
ideas, flow charts, coding sheets, notes and all other information relating to
the Acquired Assets.

    

    "Knowledge" shall mean
an individual shall be deemed to have "Knowledge" of a particular fact or other
matter if such individual is actually aware of such fact or other matter or if a
prudent individual could be expected to discover or otherwise become aware of
such fact or other matter in the course of conducting a diligent and
comprehensive investigation concerning the truth or existence of such fact or
other matter. Seller shall be deemed to have "Knowledge" of a particular fact or
other matter if any officer or other representative of Seller has Knowledge of
such fact or other matter.

    

    "Person" shall mean
any person or entity, whether an individual, trustee, corporation, general
partnership, limited partnership, trust, unincorporated organization, limited
liability company, business association, firm, joint venture, or governmental
agency or authority.

     

    
      
         

      

      
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    "Taxes" shall mean all
taxes, however denominated, including any interest, penalties or other additions
to tax that may become payable in respect thereof, (i) imposed by any federal,
territorial, state, local or foreign government or any agency or political
subdivision of any such government, for which Buyer could become liable as
successor to or transferee of the Acquired Assets or which could become a charge
against or lien on the Acquired Assets, which taxes shall include, without
limiting the generality of the foregoing, all sales and use taxes, ad valorem
taxes, excise taxes, business license taxes, occupation taxes, real and personal
property taxes, stamp taxes, environmental taxes, real property gains taxes,
transfer taxes, payroll and employee withholding taxes, unemployment insurance
contributions, social security taxes and other governmental charges, and other
obligations of the same or of a similar nature to any of the foregoing, which
are required to be paid, withheld or collected, or (ii) any liability for
amounts referred to in (i) as a result of any obligations to indemnify another
person.

    

    ARTICLE
II.

    

    PURCHASE
AND SALE OF ACQUIRED ASSETS

    

    2.1 Transfer
of Acquired Assets.
Pursuant to the terms and subject to the conditions of this Agreement, in
exchange for the consideration set forth in Section 2.2 below, at the Closing,
Seller shall sell, assign and deliver to Buyer, and Buyer shall purchase from Seller, the Acquired
Assets.

     

    2.2 Purchase
Price/ Payment Procedure.
As consideration for the Acquired Assets, Buyer shall tender Seller an amount
equal to Five Million (5,000,000) shares of common stock of Buyer (the
“Purchase
Price”), payable as
follows:

    

    (a) At the Closing, Buyer shall deliver, or
cause to be delivered, to Seller a stock certificate representing the Purchase
Price.

    

    2.3 Assets
Excluded; Liabilities Not Assumed. Seller shall not sell nor Buyer
purchase any assets other than the Acquired Assets and Buyer shall not, and
shall not be required to, assume or be obligated to pay, discharge or perform,
any debts, liabilities, adverse claims or obligations of any kind or nature
whatsoever of Seller, whether in connection with the Acquired Assets or
otherwise and whether arising before or after the consummation of the
transactions contemplated herein, or bear any cost or charge with respect
thereto.

    

    ARTICLE
III.

    

    CLOSING

    

    3.1 Closing. The closing of the transactions
contemplated herein (the "Closing") shall occur on August __, 2008, or
at such other time and place as the parties may agree (the "Closing
Date"), provided that all
of the Closing conditions set forth in Section 3.3 hereof shall have
occurred.

    

    3.2 Deliveries. Together with an executed counterpart
of this Agreement, the following items shall be delivered by the parties at the
Closing:

    

    (a) By
Buyer. Buyer shall deliver
a certificate representing the Purchase Price described in Section
2.2(a).

    

    (b) By
Seller. Seller shall
deliver to Buyer:

    

    (i) one or more Bills of Sale, in form and
substance satisfactory to Buyer and sufficient to convey the Acquired Assets to
Buyer;

     

    
      
         

      

      
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    (ii) such electronic and paper copies and
representations of the Intellectual Property as may in Buyer's reasonable
judgment be necessary to convey the Intellectual Property to
Buyer;

    

    (iii) an Assignment of Seller's rights in the
NexiOne device; and

    

    (iv) such other documents and instruments as
are reasonably necessary to consummate the transactions contemplated
hereby.

     

    3.3 Conditions
to Closing. Buyer and
Seller shall not be obligated to consummate the Closing and the transactions
contemplated hereby and may terminate this Agreement without incurring any
liability unless (a) Buyer has delivered the items specified in Section 3.2(a)
and Seller has delivered the items specified in Section
3.2(b).

    

    ARTICLE
IV.

    

    REPRESENTATIONS
AND WARRANTIES OF SELLER

    

    Seller
represents and warrants to Buyer that:

    

    4.1 Organization. Seller is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Nevada and has full power and authority to own, lease and operate its properties
and to carry on its business as it is now being conducted. Seller is duly
qualified or licensed as a company to do business, and is in good standing, in
each jurisdiction where the character of the properties owned, leased or
operated by it or the nature of its business makes such qualification or
licensing necessary, except for failures to be so qualified or licensed and in
good standing that would not, individually or in the aggregate, affect the
Acquired Assets in a materially adverse manner.

    

    4.2 Authorization. Seller has all necessary power and
authority and has taken all action necessary to enter into this Agreement, to
consummate the transactions contemplated hereby and to perform its obligations
hereunder. This Agreement has been duly executed and delivered by Seller and is
a valid and binding obligation of Seller, enforceable against it in accordance
with its respective terms subject to the effect of applicable bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to or
affecting the rights of creditors generally and limitations imposed by equitable
principles, whether considered in a proceeding at law or in equity, and the
discretion of the court before which any proceeding therefor may be
brought.

    

    4.3 Brokers. All negotiations relating to this
Agreement and the transactions contemplated hereby have been conducted without
the intervention of any person or entity acting on behalf of Seller in such a
manner as to give rise to any valid claim against Buyer for any broker's or
finder's commission, fee or similar compensation and Seller shall indemnify
Buyer and hold it harmless from any liability or expense arising from any claim
for brokerage commissions, finder's fees or other similar compensation based on
any agreement, arrangement or understanding made by or on behalf of
Seller.

    

    4.4 Litigation,
Proceedings and Applicable Law. There are no Actions, suits,
investigations or proceedings, at law or in equity or before or by any
governmental authority or instrumentality or before any arbitrator of any kind,
pending or, to Seller's Knowledge, threatened (a) against Seller which, if
determined adversely against Seller, would have a material adverse effect on
Seller's or Buyer's ability to use the Intellectual Property in the manner in
which it is now being used by Seller, or (b) seeking to delay or enjoin the
consummation of the transactions
contemplated hereby. To the Knowledge of Seller, there are no outstanding
orders, decrees or stipulations issued by any federal, state, local or foreign,
judicial or administrative authority in any proceeding to which Seller is or was
a party relating to the Acquired Assets.

    

    4.5 No
Conflict or Violation.
Neither the execution and delivery of this Agreement nor the consummation of the
transactions contemplated hereby or thereby will result in (a) a violation of or
a conflict with any provision of the Articles of Incorporation or Bylaws of
Seller, (b) a material breach or termination of, or a material default under,
any term or provision of any contract to which Seller is a party or an event
which, with notice, lapse of time, or both, would result in any such material
breach, such termination or such material default, or (c) a material violation
by Seller of any Legal Requirement or an event which, with notice, lapse of time
or both, would result in such a material violation.

     

    
      
         

      

      
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    4.6 Intellectual
Property.

    

    (a) Seller owns all rights to the Acquired
Assets without any conflict or infringement of the intellectual property rights
of others, with the exception of Buyer’s intellectual property rights. All
source code included within the Intellectual Property constitutes a trade secret
of Seller and is not part of the public knowledge or literature, and Seller has
taken reasonable action to protect such source code as a trade secret. In
addition, Seller has taken reasonable steps (including, without limitation,
entering into Confidentiality Agreements with all officers and employees of and
consultants involved in Seller's business) to maintain the secrecy and
confidentiality of and its proprietary rights in, all Intellectual
Property.

    

    (b)  Schedule A lists (i) all registered
copyrights, trade names, trademarks, service marks and other company, product or
service identifiers included in the Intellectual Property, and specifies the
jurisdictions in which each of the foregoing has been registered, including the
respective registration numbers, and/or any application for any such
registration has been filed; (ii) all licenses, sublicenses and other agreements
as to which Seller is a party and pursuant to which Seller or any other Person
is authorized to use any Intellectual Property; and (iii) all licenses under
which Seller is or may be obligated to make royalty or other payments. Copies of
all licenses, sublicenses and other agreements identified pursuant to clauses
(ii) and (iii) above have been delivered by Seller to Buyer.

    

    (c) Seller is not in violation in any
material respect of any license, sublicense or agreement described in Schedule
A. As a result of the execution and delivery of this Agreement or the
performance of Seller's obligations hereunder, neither Seller nor Buyer shall be
in violation in any material respect of any license, sublicense or agreement
described in such schedule.

    

    (d) Seller is the sole owner of all
necessary right, title and interest in and to (free and clear of any liens,
encumbrances or security interests) all non-public domain Intellectual Property
necessary to fully exploit the Acquired Assets and has full rights to the use,
sale, license or disposal thereof. Except as expressly set forth in Schedule A,
no other Person has any
rights with respect to any of the Intellectual Property, nor is any consent or
approval of any third party needed to fully utilize and exploit the Acquired
Assets as presently configured.

    

    (e) No claims with respect to the
Intellectual Property have been asserted to Seller, or, to Seller's Knowledge,
are threatened by any person, and Seller knows of no claims (i) to the effect
that Seller infringes any copyright, patent, trade secret, or other intellectual
property right of any third party or violates any license or agreement with any
third party, (ii) contesting the right of Seller to use, sell, license or
dispose of any Intellectual Property, or (iii) challenging the ownership,
validity or effectiveness of any of the Intellectual
Property.

    

    (f) To the Knowledge of Seller, all
trademarks, service marks, and other company, product or service identifiers
held by Seller are valid and subsisting worldwide.

    

    (g) To the Knowledge of Seller, and except
as expressly set forth in Schedule A, there has not been and there is not now
any unauthorized use, infringement or misappropriation of any of the
Intellectual Property by any third party. Seller has not been sued or, to
Seller's Knowledge, charged as a defendant in any claim, suit, action or
proceeding that involves a claim of infringement of any patents, trademarks,
service marks, copyrights or other intellectual property rights that comprise
the Acquired Assets. Seller does not have any infringement liability with
respect to any patent, trademark, service mark, copyright or other intellectual
property right of any third party insofar as the Acquired Assets are
concerned.

    

    (h) No Intellectual Property is subject to
any outstanding order, judgment, decree, stipulation or agreement restricting in
any material manner the licensing thereof by Seller. Seller has not entered into
any agreement to indemnify any other person against any charge of infringement
of any Intellectual Property, except in the ordinary course of business. Seller
has not entered into any agreement granting any third party the right to bring
infringement actions with respect to, or otherwise to enforce rights with
respect to, any Intellectual Property. Seller has the exclusive right to file,
prosecute and maintain all applications and registrations with respect to the
Intellectual Property developed or owned by Seller.

    

    (i)  No person has a license to use or the
right to acquire a license to use any future version of any product based on the
Intellectual Property or any product based on the Intellectual Property that is
under development, and no agreement to which Seller is a party will restrict
Buyer from charging customers for any such new version or
product.

     

    
      
         

      

      
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    4.7 Assets
Generally. Seller holds
good and marketable title, license to or leasehold interest in all of the
Acquired Assets and has the complete and unrestricted power and the unqualified
right to sell, assign and deliver the Acquired Assets to Buyer. Upon
consummation of the transactions contemplated by this Agreement, Buyer will
acquire good and marketable title, license or leasehold interest to the Acquired
Assets free and clear of any encumbrances, including liens, and there exists no
restriction on the use or transfer of the Acquired Assets. No Person other than
Seller has any right or interest in the Acquired Assets, including the right to
grant interests in the Acquired Assets to third parties.

     

    4.8 Products. The Acquired Assets operate in
compliance with Seller's specifications for such products.

    

    4.9 Working
Order. All of the tangible
Acquired Assets are, and as of the Closing Date will be, in good condition,
working order and repair, normal wear and tear excepted.

    

    ARTICLE
V.

    

    REPRESENTATIONS
AND WARRANTIES OF BUYER

    

    Buyer
hereby represents and warrants to Seller as follows:

    

    5.1 Organization
of Buyer. Buyer is a
corporation duly organized, validly existing and in good standing under the laws
of New Jersey and has full corporate power and authority to own, lease and
operate its properties and to carry on its business as it is now being
conducted.

    

    5.2 Authorization. Buyer has all necessary corporate
power and authority and has taken all corporate action necessary to enter into
this Agreement to consummate the transactions contemplated hereby and thereby
and to perform its obligations hereunder. This Agreement and has been duly
executed and delivered by Buyer and is a valid and binding obligation of Buyer,
enforceable against it in accordance with its terms subject to the effect of
applicable bankruptcy, insolvency, reorganization, moratorium, and other similar
laws relating to or affecting the rights of creditors generally and limitations
imposed by equitable principles, whether considered in a proceeding at law or in
equity, and the discretion of the court before which any proceeding therefor may
be brought.

    

    5.3 Brokers. All negotiations relating to this
Agreement and the transactions contemplated hereby have been conducted without
the intervention of any person or entity acting on behalf of Buyer in such a
manner as to give rise to any valid claim against Seller for any broker's or
finder's commission, fee or similar compensation.

    

    5.4 Consents
and Approvals. No consent,
waiver, approval or authorization of or by, or declaration, filing or
registration with, any governmental or regulatory authority is required to be
made or obtained by Buyer in connection with the execution, delivery and
performance of this Agreement and the consummation of the transactions
contemplated hereby.

    

    ARTICLE
VI.

    

    CERTAIN
COVENANTS

    

    6.1 Covenants
of Both Parties. Buyer, on
the one hand, and Seller, on the other hand, each covenant to the other
that:

     

    (a) Further
Assurances. Each party
will cooperate in good faith with the other and will take all appropriate action
and execute any documents, instruments or conveyances of any kind which may be
reasonably necessary or advisable to carry out any of the transactions
contemplated hereunder. From and after the execution hereof, Seller will
promptly refer all inquiries with respect to the ownership of the Acquired
Assets to Buyer and execute such documents as Buyer may reasonably request from
time to time to evidence transfer of the Acquired Assets to
Buyer.

     

    
      
         

      

      
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    6.2 Seller's
Covenants. Seller
covenants to Buyer that:

    

    (a) Cooperation
and Transition Assistance.
Seller shall use its best efforts to facilitate the transition of customers,
customer support services, and development, marketing and sales functions
related to the Acquired Assets to Buyer, and shall direct any new inquiries
regarding the Acquired Assets to Buyer or its assignee.

    

    (b) Documentation. Seller shall provide Buyer with full
and complete documentation, both written and computer generated, relating to any
business that Seller has conducted using the Acquired Assets, including all
correspondence and files relating to their development.

    

    ARTICLE
VII.

    

    INDEMNIFICATION

    

    7.1 Indemnification
by the Seller. In the
event Seller (a) breaches or is deemed to have breached any of the
representations and warranties contained in Article IV herein, or (b) fails to
perform or comply with any of the covenants and agreements set forth in this
Agreement, Seller shall hold harmless, indemnify and defend Buyer, and each of
its directors, officers, shareholders, attorneys, representatives and agents,
from and against any Damages incurred or paid by Buyer to the extent such
Damages arise or result from a breach by Seller of any such representations or
warranties or a violation of any covenant in this Agreement.

    

    7.2 Indemnification
by Buyer. In the event
Buyer (a) breaches or is deemed to have breached any of the representations and
warranties contained in Article V herein or (b) fails to perform or comply with
any of the covenants and agreements set forth in this Agreement, then Buyer
shall hold harmless, indemnify and defend Seller from and against any Damages
incurred or paid by the Seller to the extent such Damages arise or result from a
breach by Buyer of any such representations and warranties or a violation of any
covenant in this Agreement.

    

    7.3 Notification
of Claims. If any party or
parties (the "Indemnified
Party") reasonably
believes that it is entitled to indemnification hereunder, or otherwise receives
notice of the assertion or commencement of any third-party claim, action, or
proceeding (a "Third-Party
Claim"), with respect to
which such other party or parties (the "Indemnifying
Party") is obligated to
provide indemnification pursuant to Section 7.1 or 7.2 above, the Indemnified
Party shall promptly give the Indemnifying Party written notice of such claim
for Indemnification (an

      

    "Indemnity Claim").
Any claim for indemnification under this Section 7 must be brought prior to the
expiration of the survival period for the representation and warranty as set
forth in Section 8.1. The delivery of such notice of Indemnity Claim ("Claim Notice") shall
be a condition precedent to any liability of the Indemnifying Party for
indemnification hereunder. The Indemnifying Party shall have twenty (20) days
from the receipt of a Claim Notice (the "Notice Period") to
notify the Indemnified Party of whether or not the Indemnifying Party disputes
its liability to the Indemnified Party with respect to such Indemnity
Claim.

    

    7.4 Resolution
of Claims.

    

    (a) With respect to any Indemnity Claim
involving a Third-Party Claim, following prompt notification of the Indemnifying
Party, the Indemnified Party shall proceed with the defense of such Third-Party
Claim. During such defense proceedings, the Indemnified Party shall keep the
Indemnifying Party informed of all material developments and events relating to
the proceedings. The Indemnifying Party shall have a right to be present at the
negotiation, defense and settlement of such Third-Party Claim. The Indemnified
Party shall not agree to any settlement of the Third-Party Claim without the
consent of the Indemnifying Party, which consent shall not be unreasonably
withheld. Following entry of judgment or settlement with respect to the
Third-Party Claim, any dispute as to the liability of the Indemnifying Party
with respect to the Indemnity Claim shall be resolved as provided in Section
7.5.

    

    (b) With respect to any Indemnity Claim not
involving a Third-Party Claim, if the Indemnifying Party disputes its liability
within the Notice Period, the liability of the Indemnifying Party shall be
resolved in accordance with Section 7.5.

    

    (c) In the event that an Indemnified Party
makes an Indemnity Claim in accordance with Section 7.3 and the Indemnifying
Party does not dispute its liability within the Notice Period, the amount of
such Indemnity Claim shall be conclusively deemed a liability of the
Indemnifying Party.

     

    
      
         

      

      
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    7.5
 Arbitration. All disputes under this Agreement
shall be settled by arbitration before a single arbitrator pursuant to the
commercial law rules of the American Arbitration Association. Arbitration may be
commenced at any time by any party hereto giving written notice to each other
party to a dispute that such dispute has been referred to arbitration under this
Section 7.5. The arbitrator shall be selected by the joint agreement of the
Indemnifying Party and Indemnified Party, but if they do not so agree within 20
days after the date of the notice referred to above, the selection shall be made
pursuant to the rules from the panels of arbitrators maintained by such
Association. Any award rendered by the arbitrator shall be conclusive and
binding upon the parties hereto; provided, however, that any such award shall be
accompanied by a written opinion of the arbitrator giving the reasons for the
award. This provision for arbitration shall be specifically enforceable by the
parties and the decision of the arbitrator in accordance herewith shall be final
and binding without right of appeal. Each party shall pay its own expenses of
arbitration and the expenses of the arbitrator shall be equally shared;
provided, however, that if in the opinion of the
arbitrator any claim for indemnification or any defense or objection thereto was
unreasonable, the arbitrator may assess, as part of his award, all or any part
of the arbitration expenses of the other party (including reasonable attorneys'
fees) and of the arbitrator against the party raising such unreasonable claim,
defense or objection. To the extent that arbitration may not be legally
permitted hereunder and the parties to any dispute hereunder may not at the time
of such dispute mutually agree to submit such dispute to arbitration, any party
may commence a civil action in a court of appropriate jurisdiction to solve
disputes hereunder. Nothing contained in this Section 7.5 shall prevent the
parties from settling any dispute by mutual agreement at any
time.

    

    7.6 Reserved

    ARTICLE
VIII

    

    MISCELLANEOUS

    

    8.1 Survival
of Representations and Warranties. The representations, warranties and
indemnities included or provided for in this Agreement or in any agreement,
schedule or certificate or other document or instrument delivered pursuant to
this Agreement will survive the Closing Date for a period of twenty-four months.
No claim may be made by any party hereto unless written notice of the claim is
given within that twenty-four month period; provided, however, that the foregoing limitation period
will not apply to a breach of any representation, warranty or covenant known to
any party before the Closing Date.

    

    8.2 Setoff. Buyer may set off any amount that may
be owed to it by Seller under this Agreement against any amount otherwise
payable to Seller by Buyer, but any such setoff shall in no manner limit
Seller's liability, if any, to Buyer.

    

    8.3 Noncompetition. Seller shall not, at any time within
the 5-year period immediately following the Closing Date, directly or indirectly
engage in any activities similar to or competitive with the activities of Buyer.
This provision shall be of no further effect in the event of a breach by Buyer
of its obligations under Sections 2.2(a).

    

    8.4
 Press
Releases and Public Announcements. Prior to the Closing Date, neither
Buyer nor Seller (nor their respective shareholders, officers and directors)
shall issue any press release or make any public announcement concerning the
matters set forth in this Agreement (other than as required by applicable
disclosure rules or regulations) without the consent of the other party. Buyer
and Seller will cooperate to jointly prepare and issue any press release which
may be issued to announce the closing of the transactions contemplated by this
Agreement.

    

    8.5 Assignment. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns. Buyer may, without need for any consent or notice to Seller, assign
all of its rights and obligations under this Agreement to any Affiliate of
Buyer, and such assignment shall release Buyer of all of its liabilities and
obligations to Seller, provided such liabilities and obligations are fully
assumed by Buyer's assignee.

    

    8.6 Notices. Unless otherwise provided herein, any
notice, request, instruction or other document to be given hereunder by either
party to the other shall be in writing and delivered by telecopy or other
facsimile (with receipt acknowledged), delivered personally or mailed by
certified mail, postage prepaid, return receipt requested (such mailed notice to
be effective on the date such receipt is acknowledged or refused), to the
addresses of the parties appearing below, or to such other place and with such
other copies as either party may designate as to itself by written notice to the
other.

    

    If to the
Buyer, to:

    

    Priviam,
Inc.

    19200 Von
Karman Avenue, Suite 500

    Irvine,
CA 92612

    Attention:
Louis Jack Musetti

    Facsimile:
(949) 596-0482

     

    If to the
Seller, to:

    

    
      	
              Nexicon,
      Inc.

            
	
              400
      Gold Ave., Suite 1000

            
	
              Albuquerque,
      NM 87102

            
	
              Attention:
      Richard Urrea

            
	
              Facsimile:
      (505) 244-5115

            

    

        

    
      
         

      

      
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    8.7 Choice
of Law. This Agreement
shall be governed under and construed in accordance with the laws of the State
of New Jersey without regard to its choice of law principles. For purposes of
any dispute or controversy arising under this Agreement or the transactions
contemplated hereby, the parties mutually consent to the exclusive jurisdiction
of the state and federal courts sited within the State of New
Jersey.

    

    8.8
 Entire
Agreement; Amendments And Waivers. This Agreement, together with all
exhibits and schedules hereto, constitute the entire agreement among the parties
pertaining to the subject matter hereof and supersede all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the
parties. No supplement, modification or waiver of this Agreement shall be
binding unless executed in writing by the party to be bound thereby. No waiver
of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provision hereof (whether or not similar), nor shall such
waiver constitute a continuing waiver unless otherwise expressly
provided.

     

    8.9
 Multiple
Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument. Facsimile signature pages shall be considered
originals.

    

    8.10 Titles. The titles, captions or headings of
the Articles and Sections herein are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation
of this Agreement.

    

    IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed on their
respective behalf, by their respective officers thereunto duly authorized, in
multiple originals, all as of the day and year first above written.

    

    SELLER:

    

    NEXICON,
INC.

    

    

    By: /s/ Richard
Urrea        

    Name:
Richard Urrea

    Title:
Chief Executive Officer

    

    

    BUYER:

    

    PRIVIAM,
INC.

    

    

    By: /s/ Louis Jack Musetti

    Name:
Louis Jack Musetti

    Title:
Chief Executive Officer

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

     

    Schedule
A

    

    (Acquired
Assets)

    

    

    All
right, title and interest in the NexiOne device and all Intellectual Property
related thereto.

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    9ex102.htm

    Exhibit
10.2

    
 

    EMPLOYMENT
AGREEMENT

    

    THIS
EMPLOYMENT AGREEMENT (the “Employment Agreement” or “Agreement”) is entered into
as of this __ day of August 2008, between Priviam, Inc., a New Jersey
corporation (the “Company”), and Tommy Stianson (the “Employee”).

    

    RECITALS:

    

    WHEREAS,
the Company desires to employ Employee in the position of Chief Technology
Officer; and

    

    NOW,
THEREFORE, the parties to this Agreement, intending to be legally bound, agree
as follows:

    

    1.           Employment.  As
of the Effective Date, the Company hereby agrees to employ Employee, and
Employee accepts such employment and agrees to perform her duties and
responsibilities under this Agreement, in accordance with the following terms
and conditions.

    

    1.1.           Duties and
Responsibilities.

    

    (a)           Beginning
on the Effective Date, and thereafter until this Employment Agreement or
Employee’s employment terminates, Employee shall be employed by the Company as
its Chief Technology Officer.  In such capacity, Employee shall have
such powers and duties reasonably related to and consistent with such position
and the terms of this Agreement as may be assigned to him by the Board of Directors
of the Company.   The duties and responsibilities of Employee set
forth in this Agreement shall not be substantially changed without the mutual
agreement of the parties.

    

    (b)           Employee
represents to the Company that he is not subject to or a party to any employment
agreement, non-competition covenant, understanding or restriction which would
prohibit Employee from executing this Agreement and performing fully his duties
and responsibilities here­under.

    

    (c)           Company
hereby acknowledges and permits that during the term of this Agreement Employee
may serve as an officer and/or director of another company or companies,
provided that such company or companies are not in direct or indirect
competition with the Company's business. Such company or companies shall
include, but not be limited to, Nexicon, Inc. a Nevada
corporation.  Company further acknowledges that Nexicon, Inc. is not
considered to be in direct or indirect competition with the
Company.  Notwithstanding the foregoing, Employee represents to the
Company that such duties shall not interfere with the attention and skills to
the business and affairs of the Company and its subsidiaries.

    

    1.2.           Salary.  For
all of the services rendered by Employee hereunder, Employee’s annual base
salary shall be One Hundred Twenty Thousand Dollars ($120,000), payable in
accordance with the Company's ordinary payroll practices (but in any event no
less often than monthly).  Employee hereby agrees that such base
salary shall commence upon such time as the Company raises an amount of capital,
in equity or debt, of not less than Five Hundred Thousand Dollars ($500,000) in
gross proceeds or until such earlier time as the Company has obtained
appropriate funds to cover the cost of the base salary through other means which
shall include but not be limited to licensing fees.  Company hereby
agrees that upon completion of the Capital Raise that it shall pay to Employee
in one lump sum any amounts owed under the accruals.   Such base
salary shall not be reduced during the term of this Agreement without the
express written consent of Employee.   The Company agrees that
Employee’s base salary and performance will thereafter be reviewed at least
annually by the Company to determine if an increase in compensation is
appropriate, which increase shall be in the sole discretion of the Board of
Directors of the Company.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    1.3.           Common Stock
Grant.  Upon execution of this Agreement, the Company shall
issue to Employee an amount of Four Million (4,000,000) shares of its common
stock par value $.0001.

    

    1.4.           Benefits.  During
the term of employment Employee shall be provided such benefits and be permitted
to participate in all fringe benefit plans made available to employees of the
Company generally and to executives of the Company which, from time to time at
the Company’s discretion may be provided.

    

    1.5           Perquisites.   Employee
shall be entitled to continue to receive perquisites and fringe benefits
pertaining to the office of the Executive Chairman of the Company in accordance
with present practice and appropriate to the industry.

    

    1.6           Bonuses . Employee
shall be eligible for annual discretionary bonuses in an amount and on such
terms as may be approved by the Board of Directors of the Company and shall be
eligible to participate in any bonus plan approved by the Board of Directors for
executives of the Company with the nature and extent of such participation to be
determined by the Board of Directors in its discretion.

    

    2.           Expenses.  The
Company shall reimburse Employee on a timely basis for all ordinary and
necessary business expenses incurred in the discharge of his duties and
responsibilities under this Agreement, in line with Company policy and in
accordance with the Company’s expense approval procedures then in effect upon
presentation to the Company of an itemized account and appropriate written proof
of such expenses.

    

    3.           Term and
Termination.

    

    3.1.           Generally.  This
Agreement shall commence on the Effective Date and continue for a period of
three (3) years.  The term of this Agreement will automatically renew
for successive one (1) year terms, unless written notice is given by either
party that such party desires to terminate the
Agreement.   Notwithstanding the foregoing, this Agreement may be
terminated at any time (i) immediately by the Company for Cause pursuant to
Section 3.2; or (ii) by the Company without Cause subject to Section
3.3.

    

    3.2.           Termination by Company for
Cause.  The term Cause shall mean (i) Employee’s material
breach of this Agreement or failure or refusal to render services to the Company
in accordance with Employee’s obligations under this Agreement, provided that if
Employee’s breach, failure or refusal is capable of remedy, a written notice
within three (3) months of such breach, failure or refusal and opportunity to
cure shall be afforded Employee and, in such event, Cause shall exist if
Employee fails to cure such breach, failure or refusal within a reasonable
period of time not to exceed thirty (30) business days or if such breach,
failure or refusal is timely cured, Employee repeats such breach, failure or
refusal; (ii)  negligence in the performance of Employee’s duties
which results in or could reasonably be expected to injure the Company in any
material respect, (iii) excessive absenteeism, willful misconduct or repeated
insubordination or failure to perform duties reasonably requested of him by the
Board of Directors of the Company, (iv) the commission by Employee of an act of
fraud or embezzlement against the Company or the commission by Employee of any
other bad faith action which can be reasonably anticipated to injure the
Company;  (v) an act of moral turpitude by Employee; or (vi)
Employee’s having been convicted of , or pleading  nolo contendere to, a felony
(other than traffic offenses which do not bring Employee or the Company into
disgrace or disrepute).  For purposes of this Section 3.2, the term
“Company” shall include the Company and its subsidiaries and
affiliates.  Employee acknowledges that the events described in
Sections 3.2(ii) through (vi) shall be deemed incapable of remedy.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    3.3           Severance.

     

    (a)           In
addition to any accrued but unpaid base salary and bonus earned through the date
of termination of employment, which shall be payable to Employee regardless of
the reasons for such termination, if Employee’s employment under this Agreement
is terminated by the Company for other than Cause, then Employee shall be
entitled to receive his salary until the scheduled expiration of this Agreement;
provided, however, that during such time Employee shall seek other employment
(the "Severance Benefit").

     

    

    (b)        
  Notwithstanding anything in this Agreement to the contrary, Employee
shall not be entitled to any of the Severance Benefit described herein if (i) in
the event of a Change of Control (A) Employee is offered Comparable Employment
by a Successor Company (as defined below); or (B) Employee accepts employment
with a Successor Company (other than transition services that may be requested
of Employee by the Successor Company), regardless of whether that employment
constitutes Comparable Employment or (ii) if Employee accepts employment with
another company on comparable terms following termination for other than
Cause.  The term “Successor Company” means, upon a Change of Control,
a successor to the Company as a result of the acquisition of securities, a
merger, liquidation, reorganization, consolidation or sale of assets of the
Company, or otherwise a successor to the Company as a result of the Change of
Control.  Severance benefits shall be payable only upon Employee’s
termination of employment with the Company as provided herein.  In no
event shall the Company have any liability for severance with respect to
Employee’s termination of employment with a Successor Company. For purposes
of this Agreement, "Comparable Employment" shall mean an offer to continue this
Agreement for the remaining term, or an offer for a new contract incorporating
substantially all of the terms of this Agreement as they would apply as of the
date of the closing of a transaction which constitutes a Change of Control,
including, at least, Employee’s then current base salary, formula bonus,
perquisites and benefits.

    

    (c)           The
Company shall have the option of paying any payment under this Section 3.3
either in accordance with the Company's then-current payroll practices or in a
lump sum.  If the Company elects to pay in accordance with the
Company's then-current payroll practice, the Company will continue to pay its
share of the Employee's group health coverage for the period during which
payments are made, consistent with the terms of the applicable group health
coverage plan(s). If the Company elects to make a lump sum payment, Employee
will be responsible for the costs associated with any continuation of group
health coverage, including COBRA.  In the event of Employee's death,
payment under this Section shall be made by lump sum.

    

               3.4.           Definition of Change of
Control.  A “Change of Control” with respect to the Company
shall be deemed to have occurred at the time of the earliest to occur of the
following:

    

    (a)        
   any “person” as such term is used in Sections 13(d) and 14(d)
of the Securities Exchange Act of 1934, as amended (“Exchange Act”) (other than
the Company, any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, or any company owned, directly or indirectly, by
the share owners of the Company in substantially the same proportions as their
ownership of stock of the Company) is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly (through a
plan of reorganization or otherwise), of securities of the Company representing
50% or more of the combined voting power of the Company’s then outstanding
securities;

    

    (b)           the
share owners of the Company approve (or, if share owner approval is not
required, the consummation of) a merger or consolidation of the Company with any
other company, other than (1) a merger or consolidation which would result in
the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 50% of the combined
voting power of the voting securities of the company or such surviving entity
outstanding immediately after such merger or consolidation, or (2) a merger or
consolidation effected to implement a recapitalization of the Company (or
similar transaction) in which no “person” (as defined in (a) above) acquires
more than 50% of the combined voting power of the Company’s then outstanding
securities; or

     

    (c)           
the share owners of the Company approve (or, if share owner approval is not
required, the consummation of) a plan of liquidation of the Company or a sale or
disposition by the Company of all or substantially all of the Company’s assets;
or

    

    (d)           
the Company lists its shares on any publicly listed exchange.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    4.           Covenant Not to
Compete.

     

    (a)           In
consideration of the payments to Employee described in Section 4(e) below, in
the event this Agreement is terminated (for reasons other than the expiration of
its term) the Employee agrees, for a period of 18 months (the “Restricted
Period”) not to, without the prior written consent of the Board of Directors of
the Company, for whatever reason, own, manage, control, operate, invest or
acquire an interest in, become employed by, interested in, associated with, or
otherwise engaged in, or act on behalf of any trade or business that is in
“Competition” (as defined below) with the business conducted by the Company in
the United States.

     

    (b)           The
trades, businesses or activities that are or would be in “Competition” with the
business of the Company include, but are not limited to: (1) the direct or
indirect ownership of or other participation in the design, manufacture, sale or
distribution of mobile security USB devices; (2) employment or other engagement
in a management or consulting position that includes responsibility for
oversight of the design, manufacture, sale or distribution of mobile security
USB devices.

     

    (c)           Nothing
in the preceding Sections 4(a) or (b) shall be construed to preclude Employee
from being employed by a competitor of the Company in a position not involving
any direct or indirect services by Employee by, for or on behalf of any
division, unit or enterprise which is engaged in competitive activities with the
business of the Company.  Without limiting the generality of the
foregoing, for the avoidance of doubt, the Parties agree that Sections 4(a), (b)
and (c) preclude Employee, during the Restricted Period, from participating in
the design, production, sale, licensing or distribution of products or product
distribution systems that are competitive with the business of the
Company.

     

    (d)           It
is specifically agreed and understood that because of the nature of the
business, the duration and geographic scope of the covenants set forth in this
Section 4 (the “Restrictive Covenants”) are reasonable.  However, in
furtherance of the provisions of this Section 4 and subsections hereunder, the
Parties agree that in the event a court should decline to enforce all of the
Restrictive Covenants, or any part thereof, the other Restrictive Covenants and
the remainder of any of the Restrictive Covenants so impaired shall not thereby
be affected and shall be given full effect, without regard to the invalid
portions.  If any court determines that any of the Restrictive
Covenants or any parts thereof are unenforceable because of the duration or
scope thereof, such court shall have the power to reduce the duration or scope,
as the case may be and such Restrictive Covenants shall then be enforceable in
their reduced form.

     

    5.           Nonsolicitation.

     

    (a)           During
the Restricted Period, Employee will not, directly or indirectly (i) employ or
retain, or arrange to have any other person or entity recruit, solicit, employ
or retain, any person who was employed or retained by the Company as an
employee, consultant or agent at any time during Employee’s employment with the
Company; or (ii) influence or attempt to influence any such person to terminate
or modify his/her employment arrangement or other relationship with the
Company.

     

    (b)           During
the Restricted Period, Employee will not advertise or otherwise promote any
business (or any corporation, firm or enterprise carrying on business) in
Competition with the Company.

     

    (c)           During
the Restricted Period, Employee will not, directly or indirectly, solicit,
divert or take away, or attempt to divert or take away, the business or
patronage of any of the clients, customers or accounts, or prospective clients,
customers or accounts, of the Company.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    6.           Confidentiality.

     

    (a)           Employee
recognizes that as an employee of the Company, he will occupy a position of
trust with respect to “Confidential Information.”  The “Confidential
Information” protected by this Section 6 and subsections hereunder means all
business information of any nature or in any form not generally known (at the
time concerned) to persons engaged in business similar to the business conducted
or contemplated by the Company (other that by the act or acts of a person not
authorized by the Company to disclose such information) and which relates to any
aspect of the present or past business of the Company, its affiliates or any of
their predecessors or any of their future plans and
strategies.  Confidential information includes, but is not limited to
policies, processes, products, reports, analyses, memoranda, component lists,
developments, projects, distribution systems, work processes, known-how and
other facts relating to sales, advertising, promotions, financial matters,
pricing policies and price lists, customers, customer lists, potential
purchasers and sellers, customer’s purchases or requirements, information
systems, corporate policies and other trade secrets.   The
Company acknowledges and agrees that prior to the Effective Date and during the
term of this Agreement, Employee will establish business contacts and
relationships with customers, purchasers, sellers or potential customers,
purchasers or sellers (collectively, "Employee Contacts").  Nothing in
this Section 6 shall be deemed to restrict Employee's ability to utilize
Employee's Contacts subsequent to the termination of this Agreement in a manner
that does not violate the provisions of Section 4 or Section 5 of this
Agreement.

     

    (b)           While
Employee is employed by the Company and at all times following the termination
of his employment, the Employee will keep all Confidential Information in
strictest confidence.   Furthermore, without the prior written
consent of the Company, unless otherwise required in the performance of his
duties hereunder or ordered by any court of law, Employee will not divulge
Confidential Information to any third party or use it for the benefit of himself
or any third party or for any purpose other than the exclusive benefit of the
Company or its affiliates.

     

    (c)           Upon
the termination of Employee’s employment for any reason, Employee, at the
expense of the Company, will promptly return all Confidential Information to the
Company.  The material to be returned includes, but is not limited to
any and all copies of the records, materials, memoranda and other data
constituting or pertaining to the Confidential Information that were prepared by
the Company, Employee or any other person.

     

    (d)           Employee
agrees that following any termination or cessation of his employment by the
Company, Employee shall not disclose or cause to be disclosed any negative,
adverse or derogatory comments or information about the Company of its
management or about any product or service provided by the Company, or about the
Company’s prospects for the future (including any such comments or information
with respect to affiliates of the Company) provided, however,
that nothing in this Section 6 and subsections thereunder shall be construed to
limit Employee’s ability to enforce his rights under this Agreement or to
contest  any claim made against Employee under this
Agreement.  The Company and/or any of its subsidiaries and affiliates
may seek the assistance, cooperation or testimony of Employee following any such
termination in connection with any investigation, litigation or proceeding
arising out of matters within the knowledge of Employee and related to
Employee’s position as an officer or employee of the Company, and in such
instance, Employee shall provide such assistance, cooperation or testimony, and
the Company shall pay the Employee’s reasonable costs in connection
therewith.

    

    7.           Consent to Insurance
Procedures.  Employee agrees that the Company may apply for and
take out in its own name and at its own expense such “key person” life insurance
upon Employee as the Company may deem necessary or advisable to protect its
purpose, provided Employee is given sufficient notice, and to reasonably assist
and reasonably cooperate with the Company in procuring such
insurance.  Employee agrees that he shall have no right, title or
interest in and to such insurance; provided, in the event the Company no longer
desires to maintain an insurance policy insuring the life of Employee, the
Company shall give Employee a minimum of 60 days written notice prior to the
lapse of such policy.  Subject to Employee’s assuming the premium
charges associated with the policy, the Company shall cause such policy to be
transferred to Employee if it shall have received notification from Employee
within 15 days prior to the lapse of such policy that Employee desires to have
the policy so transferred.  Company agrees to at all times have
sufficient Directors and Officers Liability Insurance.

    

    8.           Survival.  Notwithstanding
the termination or expiration of this Agreement pursuant to Section 3 or
otherwise, the Company’s obligations under Sections 3, 4, 5, 6 and
7  hereof shall remain in full force and effect for the periods
therein provided.

    

    9.           Governing
Law.  This Agreement shall be governed by and interpreted under
the laws of the State of California, without giving effect to the principles of
conflicts of laws thereof.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    10.         Notices.  All
notices and other communications required or permitted hereunder or necessary or
convenient in connection herewith shall be in writing and shall be deemed to
have been given when hand-delivered, mailed by registered or certified mail
(three days after deposited), faxed (with confirmation received) or sent by a
nationally recognized courier service, as follows (provided that notice of
change of address shall be deemed given only when received):

    

    If to the
Company, to:

    

    Board of
Directors

    Priviam,
Inc.

    19200 Von
Karman Ave., Ste. 500

    Irvine,
CA 92612

    

    If to
Employee, to:

    

    Tommy
Stianson

    400 Gold
Ave. SW, Ste. 1000

    Albuquerque,
NM 87102

    

    

    or to
such other names and addresses as the Company or Employee, as the case may be,
shall designate by notice to each other person entitled to receive notices in
the manner specified in this Section.

    

    11.           Contents of
Agreement.

    

    11.1.        This
Agreement supersedes all prior employment agreements between the Company and
Employee excluding bonus compensation plans previously approved by the Board of
Directors of the Company or an authorized committee thereof, and sets forth the
entire understanding between the parties hereto with respect to the subject
matter hereof.  This Agreement may not be changed, modified, extended
or terminated except upon written amendment executed by Employee and the
Company.

    

    11.2.      
  Employee acknowledges that from time to time the Company or its
affiliates may establish, maintain and distribute employee manuals or handbooks
or personnel policy manuals, and officers or other representatives of the
Company may make written or oral statements relating to personnel policies and
procedures.  Such manuals, handbooks and statements are intended only
for general guidance.  No policies, procedures or statements of any
nature by or on behalf of the Company (whether written or oral, and whether or
not contained in any employee manual or handbook, as the same may exist from
time to time, or personnel policy manual), and no acts or practices of any
nature, shall be construed to modify this Agreement or to create express or
implied obligations of any nature to Employee or to impose any such obligations
on Employee in conflict with or in any manner inconsistent with the provisions
of this Agreement.

    

    11.3.      
  All of the terms and provisions of this Agree­ment shall be binding
upon and inure to the benefit of and be enforceable by the respective heirs,
executors, administrators, legal representatives, successors and assigns of the
parties hereto, except that the duties and responsibilities of Employee
hereunder are of a personal nature and shall not be assignable or delegable in
whole or in part by Employee, and the Company may not transfer or convey its
rights hereunder to any third party other than an affiliate of the Company
without the prior express written consent of Employee except as provided herein,
which consent shall not be unreasonably withheld.

    

    11.4.        The
language of this Agreement shall be construed in accordance with its fair
meaning and not for or against any party.  The parties acknowledge
that each party and its counsel have reviewed and had the opportunity to
participate in the drafting of this Agreement and, accordingly, that the rule of
construction that would resolve ambiguities in favor of non-drafting parties
shall not apply to the interpretation of this Agreement or any portion of this
Agreement.

     

    
      
         

      

      
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    12.         Severability. If any
provision of this Agreement or application thereof to any person or circumstance
is held invalid or unenforceable in any jurisdiction, the remainder of this
Agreement, and the application of such provision to such person or circumstances
in any jurisdiction, shall not be affected thereby, and to this end the
provisions of this Agreement shall be severable.

    

    13.         Arbitration. In the
event of any controversy, dispute or claim arising out of or related to this
Agreement or Employee’s employment by the Company, the parties shall negotiate
in good faith in an attempt to reach a mutually acceptable settlement of such
dispute.  If negotiations in good faith do not result in a settlement
of any such controversy, dispute or claim, it shall be finally resolved by
expedited binding arbitration, conducted in Los Angeles, California, in
accordance with the National Rules of the American Arbitration Association
governing employment disputes.  Nothing is this Section 13 shall be
deemed to limit, compromise or affect the Company’s right to seek and/or obtain
appropriate injunctive and/or other equitable relief from a court of competent
jurisdiction.

    

    14.         Remedies Cumulative; No
Waiver.  No remedy conferred upon the Company or Employee by
this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other
remedy given hereunder or now or hereafter existing at law or in
equity.  Except as specifically provided in this Agreement, no delay
or omission by the Company in exercising any right, remedy or power hereunder or
existing at law or in equity shall be construed as a waiver thereof, and any
such right, remedy or power may be exercised by the Company from time to time
and as often as may be deemed expedient or necessary by the Company in its sole
discretion.

    

    15.         Power and
Authority.  The Company represents that it has the power and
authority to enter into this Agreement.

    

    16.         Withholding.  All
payments under this Agreement shall be made subject to applicable tax
withholding, and the Company shall withhold from all payments under this
Agreement all federal, state and local taxes that the Company is required to
withhold pursuant to any law or governmental rule or regulation.

    

    17.         Miscellaneous.  All
section headings are for convenience only.  This Agreement may be
executed in several counterparts, each of which is an original.

    

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed
this Employment Agreement as of the date set forth above.

    

    

    PRIVIAM,
INC.

    

    

    

    By:____________________________________

         Louis
Jack Musetti, President & CEO

    

    

    EMPLOYEE

    

    

    By:____________________________________

          Tommy
Stianson

    

     

     

     

     

     

    
8

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