Document:

ex10-3.htm

    
      Exhibit 10.3

      CATALYST
VENTURES, INC.

      CHANGE
OF CONTROL AGREEMENT

       

      THIS
CHANGE OF CONTROL AGREEMENT (The "Agreement")
is effective as of this 9st
day of  November, 2009 by and between KENNETH STEPHEN GREEN
("Employee"
or
“Executive”) and CATALYST GROUP HOLDINGS
INCORPORATED. a Delaware corporation (the "Corporation").

       

      Recitals

       

      The
board of directors of the Corporation (the “Board”)
believes it is in the best interests of the Corporation to provide Executive
with compensation arrangements and equity benefits upon a Change of Control
(defined below), that are intended to provide Executive with enhanced financial
security, are competitive with those of other corporations, and provide
sufficient incentive to Executive to remain at the Corporation as an employee
through a Change of Control.

       

      In
consideration of the mutual covenants and promises herein contained, the parties
agree as follows:

       

      1.           
Change
of Control: Severance Benefits. Subject to the terms of this Agreement,
if Executive's employment with Corporation terminates at any time, then the
following shall apply:

       

      (a)           Voluntary
Resignation: Termination For Cause. If Employee's

      employment
terminates in a voluntary resignation (and not an Involuntary Termination), or
if the Employee is terminated for Cause, or if Employee voluntarily accepts a
position below the level of vice president, then Employee shall not be entitled
to receive severance or other benefits except for those (if any) as may be
available under the Corporation's severance and benefits plans and policies then
existing at the time of such termination. For the avoidance of doubt, nothing in
this Agreement shall affect Executive’s right to retire pursuant to his
employment agreement and/or Executive’s right to receive retirement
benefits.

       

      (b)           
Involuntary
Termination. If the Employee suffers an Involuntary

      Termination
(as defined below), then the Employee shall be entitled to receive:

       

      (i)
for the thirty six (36) months following Employee’s termination, Employee’s Base
Compensation (defined below) in effect at the date of such termination, which
shall not be less than the Base Compensation to which Employee was entitled on
the date that is sixty (60) days prior to Employee’s termination;
and

       

      (ii)
reimbursements from the Corporation for the same level of health coverage and
benefits as in effect at the date of Employee’s termination; provided, however,
that (A) Employee is a Qualified Beneficiary as defined in Section
4980B(g)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)); and
(B) Employee elects Continuation Coverage pursuant to and as defined in the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”),
within the time period prescribed pursuant to COBRA. The Corporation shall
continue to reimburse Employee for Continuation Coverage for the duration of
Executive’s life.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (iii)  all
of Executive’s retirement rights and benefits that Employee shall be entitled to
receive pursuant to Executive’s employment agreement with the Company (as if
Executive had retired).

       

      (iv)
the immediate vesting of all unvested shares that Executive has been issued, if
not already vested.

       

      (c)           
Disability; Death. If Employee’s employment with the Corporation
terminates due to the Employee’s Disability (defined below) or death, such
termination shall be treated as if it were a voluntary termination and severance
and other benefits shall not be provided in accordance with paragraph (b)
above.

       

      2.           Current
Stock Ownership.  Nothing in this Agreement shall effect
Executive rights and holding to the 30 million shares or any other shares of
Company stock that Executive may have at the time of termination. Executive
shall continue to hold said shares.

       

      3.           
Definition
of Terms. The following terms referred to in this Agreement shall have
the following meanings:

       

      (a)
Base
Compensation. "Base Compensation" shall mean the base salary
the

      Corporation
pays Employee for his services immediately prior to Employee’s
termination.

       

      (b)
Change
of Control. "Change of Control shall mean the occurrence of any
of

      the
following events:

       

      (i)
any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)), other than Kenneth
Stephen Green is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act, directly or indirectly, of securities of the Corporation
representing fifty One Percent (51%) or more of the total voting power
represented by the Corporation’ s then outstanding voting
securities;

       

      (ii)
the removal of Executive from his position as Chairman of the Board or Chief
Strategist and/or the addition of other members to the board which results in
Executive and/or the directors appointed by Executive pursuant to his employment
agreement being able to cast less than 75% of the votes on the
board.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (iii)  the
consummation of the acquisition of fifty-one percent (51%) or

      more
of the outstanding capital stock of the Corporation pursuant to a tender offer
validly made under any federal or state law (other than a tender offer by the
Corporation);

       

      (iv)
the consummation of a merger, consolidation or other reorganization of the
Corporation (other than a reincorporation), if after giving effect to such
merger, consolidation or other reorganization of the Corporation, the
stockholders of the Corporation who existed immediately prior to such merger,
consolidation or other reorganization, own, directly or indirectly, less than
fifty percent (50%) of the voting power of the surviving or resulting
entity;

       

      (v) the sale of all or substantially
all the assets of the Corporation to a third party who is not an affiliate of
the corporation; or

       

      (vi)  the
dissolution of the corporation pursuant to action validly taken by the
stockholders of the corporation in accordance with applicable state
law.

       

      (vii)  Involuntary
Termination.

       

      (c)           Involuntary
Termination. Involuntary Termination shall be deemed to occur if Employee
is terminated by the Corporation for any reason other than for Cause or
Disability (as those terms are defined herein), or if Employee resigns from the
Corporation within three (3) months of any of the following
events:  (i) (A) a reduction of Employee’s duties and/or
responsibilities with­out Employee’s express written consent or (B) the
removal of Employee from certain positions in the Corporation with­out
Employee’s express written consent, either of which results in a material
diminution in Employee’s position or responsibilities with the Corporation that
are in effect immediately prior to such assignment, reduction or removal;
(ii) a material reduction (five percent (5%) or greater) by the Corporation
in the Base Compensation of  Employee as in effect immediately prior
to such reduction (with­out Employee’s express written consent) that is not
pro rata with reductions in the compensation of all other executives in the
Corporation; or (iii) the relocation of Employee, with­out Employee’s
express written consent, to a facility or a location more than forty-five (45)
miles from Employee’s then present residence and the Corporation’s facility at
which Employee was working immediately prior to such
relocation.

       

      (d)           Cause.   “Cause”
shall mean (i) gross negligence or willful misconduct in the
perfor­mance of Employee’s duties to the Corporation, including Employee’s
refusal to comply in any material respect with the legal directives of the
Board, or any higher-ranking member, if any, of the Corporation’s management
(provided that such directives do not amount to an Involuntary Termination), and
such refusal to comply is not remedied within thirty (30) working days after
written notice from the Corporation, which written notice shall state that
failure to remedy such conduct may result in termination for Cause;
(ii) material and willful violation of any federal or state law by Employee
that has resulted or is likely to result in substan­tial and material damage
to the Corporation; (iii) commission of any act of fraud by Employee with
respect to the Corporation; (iv) Employee’s conviction of a felony or a
crime involving moral turpitude causing material harm to the standing and
reputation of the Corporation; or (v) a material, non-curable breach by
Employee of the provisions of Employee’s agreements with the Corporation, in
each case as determined in good faith by the board of directors of the
Corporation.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (e)           
Disability.  “Disability”
shall mean the termination of Employee by the Corporation if, as a result of
physical or mental illness or incapacity as reasonably determined by the Board,
Employee is unable to or fails to perform his full-time duties with the
Corporation (i) for a period of three (3) consecutive months, (ii) for
an aggregated period of six (6) months in any twelve (12) month period, or
(iii) at such time as Employee submits professional medical evidence that
he has a physical or mental illness or incapacity that will likely prevent him
from returning to the performance of his work duties for six (6) months or
longer.  Termination by the Corporation of Employee’s employment for
“Disability” shall mean termination pursuant to this
Section 3(e).

       

      (f)           Disinterested
Board. " Disinterested Board”
shall mean the Board exclusive of those members of the Board, if any, who are
parties to agreements or arrangements identical to or substantially similar to
this Agreement.

       

      4.           At-Will
Employment. Both the Corporation and Executive may terminate the
employment relationship at any time with or without cause provided that ninety
(90) days prior written notice has been given by the party seeking to exercise
termintation, subject to the provisions of Executive’s Change of Control
Agreement and Deferred Compensation Agreement.  On termination of
Employee’s employment with the Corporation, Employee shall not be entitled to
any payments, benefits, damages, awards or compensation other than as provided
by this Agreement, Employee’s other agreements with the Corporation or as may
otherwise be available in accordance with the Corporation’ s established
employee plans and policies at the time of termination

       

      5.           Term,
Amendment and Termination.

       

      (a)           Term.
Subject to subsection (b) below, the terms of this Agreement shall terminate
upon the earlier of (i) the date that all obligations of the parties
hereunder have been satisfied.  A termination of the terms of this
Agreement pursuant to the preceding sentence shall be effective for all
purposes, except that such termination shall not affect the payment or provision
of compensation or benefits on account of a termination of employment occurring
prior to the termination of the terms of this Agreement.

       

      (b)           Amendment
and Termination. This Agreement may be amended in any respect or
terminated by both Employee and the Corporation, following a unanimous
resolution of the Board accepting the proposed amendment and an agreement by the
Employee.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      6.           Notice.

       

      (a)           General.
Notices and all other communications contemplated by this

      Agreement
shall be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by U .S. registered or certified mail, return receipt
requested and postage prepaid or when mailed overnight delivery via Federal
Express.  In the case of the Employee, mailed notices shall be
addressed to him at the home address which he most recently communicated to the
Corporation in writing. In the case of the Corporation, mailed notices shall be
addressed to its corporate headquarters, and all notices shall be directed to
the attention of its Secretary.

       

      (b)           Notice
of Termination. Any termination by the Corporation for Cause or by the
Employee as a result of an Involuntary Termination shall be communicated by a
notice of termination of the other party hereto given in accordance with Section
7(a) above. Such notice shall indicate the specific termination provision in
this Agreement relied upon, set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination under the provision so
indicated, and specify the termination date (which shall be not more than
fifteen (15) days after the giving of such notice). The failure by Employee to
include in the notice any fact or circumstance that contributes to a showing of
Involuntary Termination shall not waive any right of Employee hereunder or
preclude Employee from asserting such fact or circumstance in enforcing his
rights hereunder .

       

      7.           Miscellaneous
Provisions.

       

      (a)           No Duty
to Mitigate. Employee shall not be required to mitigate the

      amount
of any payment contemplated by this Agreement (whether by seeking new employment
or in any other manner), nor shall any such payment be reduced by any earnings
that the Employee may receive from any other source.

       

      (b)           Waiver.
No provision of this Agreement shall be modified, waived or

      discharged
unless the modification, waiver or discharge is agreed to in writing and signed
by Employee and by an authorized officer of the Corporation (other than
Employee). No waiver by either party of any breach of, or of compliance with,
any condition or provision of this Agreement by the other party shall be
considered a waiver of any other condition or provision or of the same condition
or provision at another time.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (c)           Whole
Agreement. No agreements, representations or understandings

      (whether
oral or written and whether express or implied) which are not expressly set
forth in this Agreement have been made or entered into by either party with
respect to the subject matter hereof.

       

      (d)           Choice
of Law.  The validity, interpretation, construction and
performance of this agreement shall be governed by the laws of the State of
California without giving effect to its conflict of laws provisions. Each party
hereby submits to the jurisdiction of the appropriate state or federal courts in
Clark County, Nevada and all disputes arising out of this Agreement shall be
subject to the exclusive jurisdiction and venue of Clark County, Nevada, and the
parties consent to the personal and exclusive jurisdiction and venue of such
County.

       

      (e)           Severability
..The invalidity or unenforceability of any provision or provisions of this
Agreement shall not affect the validity or enforceability of any other provision
hereof, which shall remain in full force and effect.

       

      (f)           Withholding
Taxes. All payments made pursuant to this Agreement will be subject to
withholding of applicable taxes.

       

      (g)           Successors
and Assigns

      .  Except as
otherwise provided herein, the terms and conditions [inure to the benefit of and
be binding upon the respective successors and assigns of the
parties.  Nothing in this Agreement, express or implied, is intended
to confer upon any party other than the parties hereto or their respective
successors and assigns the rights, remedies, obligations or liabilities under or
by reason of this Agreement, except as expressly provided in this
Agreement.

       

      (h)           Headings.
The headings of sections herein are included solely for

      convenience
of reference and shall not control the meaning or interpretation of any
provisions of this Agreement.

       

      (i)           Counterparts.
This Agreement may be executed in counterparts, each of

      which
shall be deemed an original, but all of which together will constitute one and
the same instrument.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN
WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of
the Corporation by its duly authorized officer, as of the day and year first
above written.

       

      
        	
                CORPORATION:

              	 
      	
                EMPLOYEE:

              
	 
      	 
      	
                Kenneth
      Stephen Green

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	/s/
      Kenneth Green	 
      	/s/
      Kenneth Green
	
                Signature

              	 
      	
                Signature

              
	 
      	 
      	 
      
	
                Name:
      Kenneth Stephen Green

              	 
      	
                Name:
      Kenneth Stephen Green

              
	
                Title:   Chairman
      and Chief of Corporate Development

              	 
      	
                           As
      an individual

              
	
                Date:
      11/6/09

              	 
      	
                Date:
      11/6/09ex10-4.htm

    Exhibit
10.4

     

    
      EMPLOYMENT
AGREEMENT

       

      THIS
EMPLOYMENT AGREEMENT (this "Agreement") is made
as of November 6, 2009, by and between Catalyst Group Holdings Incorporated (the
"Company") and
Kenneth S. Green ("Executive").

       

      

       

      
        	
                1.  

              	
                Employment.  The
      Company shall employ Executive, and Executive hereby accepts employment
      with the Company, upon the terms and conditions set forth in this
      Agreement for the period beginning on the date hereof and continuing for a
      period of five years unless sooner terminated as provided in Section 4
      hereof (the "Employment
      Period").

              

      

       

      
        	
                2.  

              	
                Position and
      Duties.

              

      

       

      
        	
                2.1.  

              	
                During
      the Employment Period, Executive shall serve as Chief of Corporate
      Development. During the Employment Period, Executive shall render such
      additional executive and managerial services to the Company which are
      consistent with Executive's position, as the board of directors (the
      "Board") may from time to time
direct.

              

      

       

      
        	
                2.2.  

              	
                During
      the Employment Period, Executive shall report to the Board and the
      President of the Company and shall devote his best efforts and attention
      to the business and affairs of the Company.  Executive shall be
      required to devote all of his employment time to performing her duties
      hereunder. Executive shall perform her duties, responsibilities and
      functions to the Company to the best of her abilities in a diligent,
      trustworthy, professional and efficient manner and shall comply with the
      policies and procedures of the Company in all material
      respects.  So long as Executive is employed by the Company,
      Executive shall not, without the prior written consent of the Board,
      accept other employment or perform other services for compensation. In
      addition, Executive may serve as an officer or director of or otherwise
      participate in purely educational, welfare, social, religious and civic
      organizations so long as such activities do not interfere with Executive's
      employment.

              

      

       

      
        	
                3.  

              	
                Compensation and
      Benefits.

              

      

       

      
        	
                3.1.  

              	
                During
      the Employment Period, Chief Executive Officer & President salary
      shall be Four Hundred Thousand Dollars ($600,000) per annum or such higher
      rate as the Board may determine from time to time (as adjusted from time
      to time, the "Salary"), which
      compensation shall be payable by the Company in equal quarterly
      installments.  The salary shall be paid directly to The Catalyst
      Holding Group, LLLP.

              

      

       

      
        	
                3.2.  

              	
                During
      the Employment Period, the Company shall reimburse Executive for all
      reasonable business expenses incurred by her in the course of performing
      his duties and responsibilities under this Agreement which are consistent
      with the Company's policies in effect from time to time with respect to
      travel, entertainment and other business expenses, subject to the
      Company's requirements with respect to reporting and documentation of such
      expenses.

              

      

       

      
        	
                3.3.  

              	
                During
      the Employment Period, the Executive shall be entitled to normal Company
      benefits as then currently being
provided.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                4.  

              	
                Termination.

              

      

       

      
        	
                4.1.  

              	
                The
      Employment Period shall continue for the stated term or until Executive's
      earlier resignation, death or mental or physical disability or incapacity
      (as determined by the Board in its good faith judgment) or termination of
      employment by the Company for Cause.  Except as otherwise
      provided herein, any early termination of the Employment Period by the
      Company shall be effective as specified in a written notice from the
      Company to Executive.

              

      

       

      
        	
                4.2.  

              	
                If
      the Employment Period is terminated by the Company for Cause or upon
      Executive's resignation, death or mental or physical disability or
      incapacity (as determined by the Board in its good faith judgment),
      Executive shall only be entitled to receive her Base Salary through the
      date of termination.

              

      

       

      
        	
                4.3.  

              	
                Except
      as otherwise expressly provided herein, all of Executive's rights to
      compensation hereunder which would have accrued or become payable after
      the termination of the Employment Period shall cease upon such
      termination, other than those expressly required under applicable
      law.  The Company may offset any amounts Executive owes it
      against any amounts it owes Executive
hereunder’

              

      

       

      
        	
                4.4.  

              	
                For
      purposes of this Agreement, "Cause" shall
      mean with respect to Executive one or more of the
      following:  (i) the past or present commission of a felony or
      the commission of any other act or omission involving dishonesty,
      disloyalty or fraud with respect to the Company or any of its affiliates
      or any of their customers or suppliers, (ii) reporting to work under the
      influence of alcohol or illegal drugs, the use of illegal drugs (whether
      or not at the workplace) or other repeated conduct causing the Company or
      any of its affiliates public disgrace or disrepute or material economic
      harm, (iii) repeated failure to perform the duties set forth herein, as
      reasonably directed by the Board, (iv) any act or omission aiding or
      abetting a competitor, supplier or customer of the Company or any of its
      affiliates to the material disadvantage or detriment of the Company or any
      of its affiliates, (v) breach of fiduciary duty, negligence or willful
      misconduct with respect to the Company, (vi) inability (due to illness or
      disability) to perform the duties required hereunder for more than
      twenty  (20) days in any given month, (vii) death, or (viii) any
      material breach of this Agreement.

              

      

       

      
        	
                4.5.  

              	
                Upon
      a Sale of the Company (as hereinafter defined), if Executive’s employment
      shall not be continued pursuant to a written agreement for a term at least
      as long as the remainder of the term hereof, then Executive shall be
      entitled to immediate payment of her Base Salary for the remainder of the
      specified term hereof. For purposes of this Agreement, "Sale of the
      Company" shall mean a sale or sales which results in a transfer of all or
      substantially all of the outstanding equity interests of the Company or
      all or substantially all of the assets of the Company (other than a
      transfer of an interest therein to secure borrowings or other obligations
      of the Company and except for a transfer to an affiliate of any of the
      current owners of the Company) or (ii) a reorganization or merger of the
      Company with an unrelated party.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                5.  

              	
                Confidential
      Information.  Executive acknowledges that the
      information, observations and data (including trade secrets) obtained by
      him while employed by the Company concerning the business or affairs of
      the Company, or any other affiliate ("Confidential
      Information") are the property of the Company or such
      affiliate.  Therefore, Executive agrees that she shall not
      disclose to any third party or use for her own purposes any Confidential
      Information or any confidential or proprietary information of other
      persons or entities in the possession of the Company, or any other
      affiliate ("Third Party
      Information"), without the prior written consent of the Board,
      unless and to the extent that the Confidential Information or Third Party
      Information becomes generally known to and available for use by the public
      other than as a result of Executive's acts or
  omissions.

              

      

       

      
        	
                6.  

              	
                Survival.  Sections
      5 through 24, inclusive, shall survive and continue in full force in
      accordance with their terms notwithstanding the termination of the
      Employment Period.

              

      

       

      
        	
                7.  

              	
                Notices.  Any
      notice provided for in this Agreement shall be in writing and shall be
      either personally delivered, sent by reputable overnight courier service
      or mailed by first class mail, return receipt requested, to the recipient
      at the address below indicated

              

      

       

      Notices
to Executive:

       

      Kenneth
S. Green

       

      ____________________

       

      ____________________

       

      

      Notices
to the Company:

       

            Kenneth
Green

            Catalyst
Group Holdings Incorporated

            1739
Creekstone Circle

      San Jose,
CA    95133

       

      or such
other address or to the attention of such other person as the recipient party
shall have specified by prior written notice to the sending
party.  Any notice under this Agreement shall be deemed to have been
given when so delivered, sent or mailed.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                8.  

              	
                Severability.  Whenever
      possible, each provision of this Agreement shall be interpreted in such
      manner as to be effective and valid under applicable law, but if any
      provision of this Agreement is held to be invalid, illegal or
      unenforceable in any respect under any applicable law or rule in any
      jurisdiction, such invalidity, illegality or unenforceability shall not
      affect any other provision of this Agreement or any action in any other
      jurisdiction, but this Agreement shall be reformed, construed and enforced
      in such jurisdiction as if such invalid, illegal or unenforceable
      provision had never been contained
herein.

              

      

       

      
        	
                9.  

              	
                Complete
      Agreement.  This Agreement, those documents expressly
      referred to herein and other documents of even date herewith embody the
      complete agreement and understanding among the parties and supersede and
      preempt any prior understandings, agreements or representations by or
      among the parties, written or oral, which may have related to the subject
      matter hereof in any way.

              

      

       

      
        	
                10.  

              	
                Third Party
      Beneficiaries.  No provision of this Agreement is
      intended to, or shall, confer any third party beneficiary or other rights
      or remedies upon any person other than the parties
  hereto.

              

      

       

      
        	
                11.  

              	
                No Strict
      Construction.  The language used in this Agreement shall
      be deemed to be the language chosen by the parties hereto to express their
      mutual intent, and no rule of strict construction shall be applied against
      any party.

              

      

       

      
        	
                12.  

              	
                Counterparts.  This
      Agreement may be executed in separate counterparts (including by means of
      telecopied signature pages), each of which is deemed to be an original and
      all of which taken together constitute one and the same
      agreement.

              

      

       

      
        	
                13.  

              	
                Successors and
      Assigns.  This Agreement is intended to bind and inure to
      the benefit of and be enforceable by Executive, the Company and their
      respective heirs, successors and assigns, except that Executive may not
      assign her rights or delegate her duties or obligations hereunder without
      the prior written consent of the
Company.

              

      

       

      
        	
                14.  

              	
                Choice of
      Law.  All issues and questions concerning the
      construction, validity, enforcement and interpretation of this Agreement
      and the exhibits and schedules hereto shall be governed by, and construed
      in accordance with, the laws of the State of Nevada, without giving effect
      to any choice of law or conflict of law rules or provisions (whether of
      the State of Nevada or any other jurisdiction) that would cause the
      application of the laws of any jurisdiction other than the State of
      Nevada.

              

      

       

      
        	
                15.  

              	
                Amendment and
      Waiver.  The provisions of this Agreement may be amended
      or waived only with the prior written consent of the Company (as approved
      by the Board) and Executive, and no course of conduct or course of dealing
      or failure or delay by any party hereto in enforcing or exercising any of
      the provisions of this Agreement (including, without limitation, the
      Company's right to terminate the Employment Period with or without Cause)
      shall affect the validity, binding effect or enforceability of this
      Agreement or be deemed to be an implied waiver of any provision of this
      Agreement.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                16.  

              	
                Indemnification and
      Reimbursement of Tax Payments on Behalf of
      Executive.  The Executive will  be compensated
      as a 1099 Contract Employee, and therefore will be responsible for all
      federal, state, local or foreign withholding taxes, excise tax, or
      employment taxes ("Taxes") imposed
      with respect to Executive's
compensation.

              

      

       

      

       

      
        	
                17.  

              	
                Waiver of Jury
      Trial.  AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR
      EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE
      OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES
      THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR
      ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED
      HEREBY.

              

      

       

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

       

      

      
        	
                Company:

                 

                Catalyst
      Group Holdings Incorporated

                 

                 

                /s/ Kenneth Green

                Kenneth
      Green-Founder, Chairman

              	 
      	
                Executive:

                 

                 

                 

                 

                /s/ Kenneth
      Green

                Kenneth
      S. Green-Secretary-Treasurer & Director

              
	
                &
      Chief of Corporate Development

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]