Document:

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EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") has an effective date of
January 1, 2008 (the "EFFECTIVE Date"), by and between NT Media Corporation, a
Delaware corporation (the "COMPANY"), and Ali Moussavi, an individual
("OFFICER").

                                 R E C I T A L S

         A. The Company and Officer desire to assure that the Company retains
the services of Officer, whose experience, knowledge and abilities are extremely
valuable to the Company.

         B. As an inducement to retain the services of Officer, the Company has
agreed to grant Officer an option to purchase 1,000,000 shares of common stock
of the Company, $.001 par value, at $.35 per share (THE"INCENTIVE OPTIONS").

                                A G R E E M E N T

         NOW THEREFORE, in consideration of the foregoing recitals and the
terms, covenants and conditions contained herein, the Company and Officer agree
as follows:

         1. EMPLOYMENT

         Officer has been providing services for the Company since the Effective
Date, including acting as the Chairman of the Board, Chief Executive Officer and
President of the Company, and the Company and the Officer have agreed to execute
this Agreement, in order to memorialize the conditions under which, the Officer
has agreed to perform his duties on a full time basis. The Company feels this
Agreement is in the best interests of the shareholders of the Company (the
"Shareholders"), on the terms and subject to the conditions set forth herein.

         2. CONFLICT OF INTEREST GUIDELINES. I agree to diligently adhere to all
policies of the Company including the Company's insider's trading policies and
the Conflict of Interest Guidelines, which may be revised from time to time
during the Term.

         3. CAPACITY AND DUTIES

                  3.1 Officer has been and shall continue to serve as the Chief
Executive Officer and President of the Company, and shall report directly to the
Board of Directors of the Company (the "BOARD OF DIRECTORS").

                  3.2 Subject to the direction and control of the Board of
Directors, Officer shall have the full authority and responsibility to operate
and manage, on a day to day basis, the business and affairs of the Company, and
shall perform such other duties and responsibilities as are prescribed by the
Bylaws of the Company and which are customarily vested in the office of the
chief executive officer of a corporation.

                  3.3 Officer shall devote his business time, energy and efforts
faithfully and diligently to promote the Company's interests.

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                  3.4 Except for routine travel incident to the business of the
Company, Officer shall perform his duties and obligations pursuant to the terms
of this Agreement principally from an office provided by the Company in Los
Angeles, California or the surrounding area.

         4. TERM

         This Agreement shall be effective as of the Effective Date and shall
govern the Officer's employment from and after such date. This Agreement shall
be in full force and effect for a period of five (5) years, unless earlier
terminated in accordance with the terms and provisions of this Agreement or
extended by an amendment executed by the Company and the Officer (the "TERM").

         5. COMPENSATION

                  5.1 BASE SALARY.

                           5.1.1 As compensation for services rendered under
this Agreement, the Company shall pay to Officer a base salary (the "BASE
SALARY") computed in accordance with Section 5.1.2 below during the Term,
payable in accordance with the normal payroll procedures of the Company.

                           5.1.2 During the Term, Officer's Base Salary shall be
One Hundred Fifty Thousand Dollars ($150,000) and shall be adjusted as provided
in this Section. Commencing on January 1, 2009, and on each anniversary
thereafter, or from time to time at the sole discretion of the Compensation
Committee of the Board of Directors (the "COMPENSATION COMMITTEE"), Officer's
Base Salary shall be reviewed by the Compensation Committee and may be
increased, but may never be decreased, in the sole discretion of the
Compensation Committee. In determining whether to increase Officer's Base
Salary, the Compensation Committee may engage a reputable compensation
consulting firm to determine comparable compensation packages provided to
executives in similarly situated companies.

                           5.1.3 The Company may deduct from the Base Salary
amounts sufficient to cover applicable federal, state and/or local income tax
withholdings and any other amounts which the Company is required to withhold by
applicable law.

                  5.2 CASH BONUS PLAN. The Compensation Committee shall adopt a
cash bonus plan designed to provide Officer an opportunity to earn annual cash
bonuses during each calendar year during his employment which, when added to
Officer's Base Salary, shall provide officer a level of compensation comparable
to compensation generally prevailing for other chief executive officers of
publicly traded companies which are comparable to the Company. The factors to be
used to select which companies are comparable to that of the Company shall
include, but not limited to, industry group, revenues, operating income, growth
rate, number of employees and location. The annual performance goals to be met
in order to earn portions or all of the bonus provided under the plan shall be
determined through consultation between the Officer and the Compensation

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Committee (the "ANNUAL PERFORMANCE Goal"). If requested by either the
Compensation Committee or Officer, the Company shall retain a reputable,
nationally recognized compensation consultant to assist the Compensation
Committee in identifying comparable companies and to make recommendations
regarding the structure and amount of the Cash Bonus Plan. The amount of the
cash bonus for any particular calendar year shall be determined as follows: (i)
if Officer substantially achieves the Annual Performance Goal for such calendar
year, officer shall receive a cash bonus of at least fifty percent (50%) of the
Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the
Annual Performance Goal for such calendar year, Officer shall receive a cash
bonus between fifty percent (50%) and one hundred percent (100%) of the
Officer's Base Salary for such calendar year. If this Agreement is terminated in
the middle of a calendar year, Officer shall receive a cash bonus for services
rendered through the Termination Date (as defined below) equal to the cash bonus
he would have received for the entire calendar year, prorated through the
Termination Date. All cash bonuses hereunder shall be paid to Officer within
five (5) business days following the date the audited consolidated financial
statements for the Company for the applicable calendar year become available.

                  5.3 STOCK OPTIONS. The Company hereby grants to Officer the
Incentive Options, which are fully vested as of the date hereof. All options to
purchase the Company's common stock currently outstanding or which may be
granted to Officer whether pursuant to a Company Stock Option Plan or otherwise
and notwithstanding the provisions of any other agreement to the contrary, may
be exercised by Officer or by Officer's family by delivery of a promissory note
in the amount of the total exercise price of the option (the "EXERCISE PRICE").
The promissory note shall bear interest at the minimum Applicable Federal Rate,
shall be nonrecourse except to the security referred to in the following clause,
shall be secured by the common stock of the Company so purchased, and shall be
payable in full (principal and interest) on the fourth anniversary of the date
of the purchase of the shares. Notwithstanding the foregoing, Officer shall
apply all proceeds from the sale of the shares so purchased by delivery of a
promissory note to the repayment of principal and interest outstanding under the
promissory note until all principal and interest is paid in full. The Company
shall maintain an effective registration statement covering the shares
underlying the options granted to Officer whether pursuant to a Company Stock
Option Plan or otherwise.

                  5.4 Benefits.

                           5.4.1 VACATION. Officer shall be entitled to five (5)
weeks paid vacation for each calendar year during Officer's employment;
provided, however, that vacation shall only be taken at such times as not to
interfere with the necessary performance of Officer's duties and obligations
under this Agreement.

                           5.4.2 AUTOMOBILE. The Company shall provide Officer
with the use of a luxury automobile that is selected by Officer and approved by
the Compensation Committee (the "AUTOMOBILE COST"). Commencing January 1, 2009,
and annually thereafter, the Automobile Cost may, at Officer's sole discretion,
be increased five percent (5%) per annum. On the earlier of significant damage
or destruction or attaining two (2) years of age, the Company shall replace such
automobile with a new automobile selected by Officer and approved by the

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Compensation Committee, so long as any damage or destruction caused to the
vehicle shall not be the fault of the Officer. The Company shall pay all costs
of insurance, repair, maintenance and operation of such automobile. At the end
of the two (2) year period referred to herein (or the Termination Date, if
earlier), Officer may, but is not obligated to, purchase the automobile for the
book value of the automobile on the Company's financial records, but the Company
shall no longer have any financial obligation pursuant to this Section 5.4.2.

                           5.4.3 CLUB MEMBERSHIPS. The Company shall reimburse
Officer for the initiation and monthly dues for Officer's membership in two
health clubs and one country club selected by Officer, provided that the
aggregate of such dues shall not exceed One Thousand Five Hundred Dollars
($1,500) per month during the first year of the Term. Commencing on January 1,
2009, and continuing annually thereafter, such monthly dues may, at Officer's
sole discretion, increase five percent (5%) per annum.

                           5.4.4 OTHER BENEFITS; INSURANCE. During the Term of
this Agreement, if and to the extent eligible, Officer shall be entitled to
participate in all operative officer benefit and welfare plans of the Company
then in effect (the "COMPANY OFFICER BENEFIT PLANS"), including, to the extent
then in effect, group life, medical, disability and other insurance plans, all
on the same basis generally applicable to the executives of the Company;
provided, however, that nothing contained in this Section 5.4.4 shall, in any
manner whatsoever, directly or indirectly, require or otherwise prohibit the
Company from amending, modifying, curtailing, discontinuing or otherwise
terminating, any Company Officer Benefit Plan at any time (whether during or
after the Term) except that the Company will at all times during the Term and
any severance period referred to in Section 9 and 10 hereof maintain medical
insurance covering Officer and his dependents with benefits at least as
favorable as those provided by the Company to its executives as of the
Termination Date.

                           5.4.5 ENTERTAINMENT. The Company shall reimburse
Officer for the cost of entertainment provided by Officer to the Company's
customers, vendors, employees and strategic partners, provided the aggregate of
such annual cost does not exceed One Hundred Thousand Dollars ($100,000) per
annum during the first year of the Term. Commencing January 1, 2009 and
continuing annually thereafter, the cost of entertainment may, at Officer's sole
discretion, be increased five percent (5%) per annum.

                           5.4.6 REIMBURSEMENT. Officer shall be entitled to
reimbursement from the Company for the reasonable costs and expenses incurred in
connection with the performance of the duties and obligations provided for in
this Agreement. Reimbursement shall be paid upon prompt presentation of expense
statements or vouchers and such other supporting information as the Company may
from time to time require.

         6. INDEMNIFICATION.

                  The Company and Officer are parties to an Indemnification
Agreement, pursuant to which, inter alia, the Company has agreed, on the terms
and conditions therein set forth, to indemnify Officer against certain claims
arising by reason of the fact that he is or was an officer or director of the
Company.

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         7. TRADE SECRETS.

         Officer will not at any time during the Term and for a period of three
(3) years thereafter, in any fashion, form, or manner, unless specifically
consented to in writing by the Company, either directly or indirectly use or
divulge, disclose or communicate to any person, firm or corporation, any
confidential information of any kind, nature or description concerning any
matters affecting or relating to the business of the Company, except in the
ordinary course of the Company's business. All equipment, notebooks, documents,
memoranda, report, files, samples, books, correspondence, lists, other written
and graphic records, and the like, affecting or relating to the business of the
Company, which Officer shall prepare, use, construct, observe, possess or
control, shall be and remain the Company's sole property. Officer's obligation
under the preceding sentence shall continue in effect after the end of Officer's
employment with the Company and the obligations shall be binding on Officer's
assigns, heirs, executors, administrators, and other legal representatives.

         8. RETURN OF CORPORATE PROPERTY AND TRADE SECRETS.

         Upon termination of this Agreement for any reason, Officer, or his
estate in the event of his death, shall turn over to the Company all
correspondence, property, writings or documents then in his possession or
custody belonging to or relating to the affairs of the Company or any of its
subsidiaries or affiliates or comprising or relating to the Trade Secrets.

         9. TERMINATION OF EMPLOYMENT.

                  9.1 TERMINATION IN CASE OF DEATH.

                           9.1.1 Officer's employment hereunder shall terminate
immediately upon the death of Officer.

                           9.1.2 Upon termination of Officer's employment
pursuant to this Section 9.1, the Company shall pay to Officer's estate on the
Termination Date, a lump sum payment of an amount equal to (x) all accrued and
unpaid salary and other compensation payable to Officer by the Company and all
accrued and unused vacation and sick pay payable to officer by the Company with
respect to services rendered by Officer to the Company through the Termination
Date, and (y) the amount officer would have earned as Base Salary during the
remaining scheduled Term of the Agreement (computed without regard to the
termination of the Agreement pursuant to this Section 9.1).

                  9.2 TERMINATION IN CASE OF DISABILITY.

                           9.2.1 If Officer suffers a physical or mental
disability which results in officer being unable to perform his duties hereunder
for a twenty six (26) consecutive week period, then the Board of Directors shall
select a qualified physician to examine officer and review his physical and
mental capacity. If such physician determines in good faith that such physical

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or mental disability renders Officer incapable of performing his duties
hereunder for a period of at least twenty six (26) consecutive weeks following
the date of such physician's written opinion, then Officer's employment shall
terminate effective as of the date of such physician's written opinion.

                           9.2.2 Upon termination of Officer's employment
pursuant to this Section 9.2, the Company shall pay to Officer, on the
Termination Date, a lump sum payment of an amount equal to (x) all accrued and
unpaid salary and other compensation payable to officer by the Company and all
accrued and unused vacation and sick pay payable to Officer by the Company with
respect to services rendered by Officer to the Company through the Termination
Date, and (y) the amount officer would have earned as Base Salary during the
remaining scheduled Term of the Agreement (computed without regard to the
termination of the Agreement pursuant to this Section 9.2); provided, however,
such amount shall be reduced by the amount of any payments to be paid to Officer
under any long-term disability insurance policy maintained by the Company for
the benefit of officer pursuant to Section 5.4.4.

                  9.3 TERMINATION BY OFFICER FOR CAUSE.

                           9.3.1. The employment of Officer hereunder shall
terminate immediately upon written notice delivered by Officer to the Company
upon the occurrence of any of the following events:

                                9.3.1.1 The willful breach of any of the
material obligations of the Company to Officer under this Agreement following
written notice delivered to the Company and a reasonable cure period not to
exceed thirty (30) days;

                                9.3.1.2 The Company's chief executive offices
are moved to a location outside of Los Angeles County, Los Angeles; or

                                9.3.1.3 Officer fails to be reelected to, or is
removed from, the Board of Directors of the Company.

                           9.3.2 Upon termination of Officer's employment
pursuant to this Section 9.3, the Company shall pay to Officer, on the
Termination Date, a lump sum payment of an amount equal to (x) all accrued and
unpaid salary and other compensation payable to officer by the Company and all
accrued and unused vacation and sick pay payable to Officer by the Company with
respect to services rendered by Officer to the Company through the Termination
Date, and (y) the amount officer would have earned as Base Salary during the
remaining scheduled Term of the Agreement (computed without regard to the
termination of the Agreement pursuant to this Section 9.3), plus an amount equal
to five (5) times (i) in the event no previous bonus has been paid or is payable
pursuant to this Agreement, twenty percent (20%) of Officer's Base Salary, or
(ii) in the event at least one bonus has been paid or is payable to officer, the
greater of (a) the last annual bonus paid or payable to Officer pursuant to this
Agreement; and (b) the average annual bonus based on all annual bonuses paid or
payable to Officer pursuant to this Agreement. In addition to the foregoing, and
notwithstanding the provisions of any other agreement to the contrary, (x) the
Company shall continue to provide to Officer all other benefits that would

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otherwise be payable to officer pursuant to Sections 5.4.2, 5.4.3 and 5.4.4
hereof for the remaining scheduled Term of the Agreement (computed without
regard to the termination of the Agreement pursuant to this Section 9.3).

                  9.4 TERMINATION BY OFFICER WITHOUT CAUSE.

                           9.4.1 This Agreement shall terminate immediately upon
delivery to the Company of written notice of termination by Officer without
cause.

                           9.4.2 Upon termination of this Agreement pursuant to
this Section 9.4, the Company shall pay to Officer, on the Termination Date, a
lump sum payment of an amount equal to all accrued and unpaid salary and other
compensation payable to Officer by the Company and all accrued and unused
vacation and sick pay payable to Officer by the Company with respect to services
rendered by Officer to the Company through the Termination Date.

                  9.5 TERMINATION BY THE COMPANY FOR CAUSE.

                           9.5.1 The Company may terminate Officer's employment
pursuant to this Agreement only for cause by delivering a written notice to
Officer. For purposes of this Section 9.5, "CAUSE" is defined as a conviction
(including any plea of guilty or no contest) of (x) any felony involving the
embezzlement, theft or misappropriation of monies or other property, of the
Company or otherwise, or (y) any crime of moral turpitude.

                           9.5.2 Upon termination of this Agreement pursuant to
this Section 9.5, the Company shall pay to Officer, on the Termination Date, all
accrued and unpaid salary and other compensation, payable to Officer by the
Company and all accrued and unused vacation and sick pay payable to Officer by
the Company with respect to services rendered by the Officer to the Company
through the Termination Date in a lump sum payment. The Company shall have no
further obligation to the Officer pursuant to this Agreement.

                  9.6 TERMINATION DATE. For purposes of this Agreement, the term
"TERMINATION DATE" shall mean that date on which officer's employment is
terminated.

         10. SEVERANCE PAYMENTS UPON CHANGE IN CONTROL.

                  10.1 SEVERANCE PAYMENT. Upon the occurrence of a Change in
Control (as defined in Section 10.5 below) of the Company, the employment of
Officer hereunder shall terminate and the Company, in lieu of any payment
otherwise due under Section 9 hereof, shall pay to Officer in cash, on the fifth
day following the date on which the Change of Control occurs (which for the
purposes of this Section 10 shall be the Termination Date), the following:

                           10.1.1 All accrued and unpaid salary and other
compensation payable to Officer by the Company for services rendered by Officer
to the Company through the Termination Date:

                           10.1.2 All accrued and unused vacation and sick pay
payable to Officer by the Company with respect to services rendered by Officer
to the Company through the Termination Date; and

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                           10.1.3 Severance pay in an amount equal to (x) the
Base Salary Officer would have earned during the remaining scheduled Term of the
Agreement (computed without regard to the Change in Control described in this
Section 9), plus an amount equal to five (5) times (y) (i) in the event no
previous annual bonus has been paid or is payable pursuant to this Agreement,
twenty percent (20%) of Officer's Base Salary, or (ii) in the event at least one
annual bonus has been paid or payable to Officer, the greater of (a) the last
annual bonus paid or payable to Officer pursuant to this Agreement, or (b) the
average annual bonus based on all annual bonuses paid or payable to Officer
pursuant to this Agreement.

                  10.2 CONTINUATION OF BENEFITS. The Company shall continue for
the remaining scheduled Term of the Agreement (computed without regard to the
Change in Control described in this Section 10), to provide Officer with all
benefits that would have been payable to him pursuant to Sections 5.4.2, 5.4.3
and 5.4.4 hereof if Officer had been employed by the Company during such period.

                  10.3 VESTING OF OPTIONS. In addition to the foregoing, and
notwithstanding the provisions of any other agreement to the contrary, upon the
occurrence of a Change in Control, all options to purchase common stock of the
Company which have been granted to Officer by the Company shall become
immediately exercisable on the Termination Date and, notwithstanding any other
agreement to the contrary, shall remain exercisable for the full term of each
such option.

                  10.4 PROVISION OF SERVICES FOLLOWING CHANGE IN CONTROL. At the
request of the Company, Officer shall continue to serve hereunder for a period
of up to one hundred eighty (180) days following the Termination Date. If the
Company requests Officer to perform such services, Officer shall be compensated
from and after the Termination Date for the period that Officer actually remains
employed by the Company at his then current Base Salary. Any such amounts
payable to Officer shall be in addition to and not in lieu of the amounts
payable to officer under Section 10.1 above. Upon the later to occur of an
occurrence of a Change of Control or the termination of any period during which
officer continues to provide services as aforesaid, Officer's employment
hereunder shall terminate.

                  10.5 CHANGE IN CONTROL. For purposes of this Agreement, a
"CHANGE IN CONTROL" shall mean (i) the sale, lease, transfer, conveyance or
other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the assets of the
Company and the Company's subsidiaries (if any), taken as a whole, to any
unaffiliated entity in an arm's length transaction; (ii) the Company
consolidates with or merges into an unaffiliated entity or an unaffiliated
entity consolidates with, or merges into, the Company, in any such event
pursuant to an arm's length transaction in which the outstanding shares of
common stock of Company are changed into or exchanged for cash, securities or
other property, other than any such transaction where the holders of the shares
of common stock of Company immediately prior to such transaction own, directly
or indirectly, not less than a controlling interest in the voting equity of the
surviving or resulting entity immediately after such transaction; or (iii) the
consummation of any transaction or series of transactions (including, without

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limitation, any merger or consolidation) the result of which is that any
unaffiliated entity or person, becomes the beneficial owner (as such term is
defined in Rule 13d-3 and Rule 13d-5 under the Securities Exchange Act of 1934,
as amended), directly or indirectly, of fifty one (51%) or more of the voting
equity of Company.

         The parties believe that the payments pursuant to Sections 9 and 10
hereof do not constitute "Excess Parachute Payments" under Section 280G of the
Internal Revenue Code of 1986, as amended (the "CODE"). Notwithstanding such
belief, if any benefit under these sections constitutes an "Excess Parachute
Payment" the Company shall pay to Officer an additional amount ("TAX PAYMENT")
such that the excess of all Excess Parachute Payments (including payments under
this sentence) over the sum of excise tax thereon under Section 4999 of the Code
and income tax thereon under Subtitle A of the Code and under applicable state
law is equal to the excess of all Excess Parachute Payments (excluding payments
under this sentence) over income tax thereon under Subtitle A of the Code and
under applicable state law. Such Tax Payment shall be paid to Officer
concurrently with the severance payment referred to in Section 10.1 above.

         11. NO MITIGATION.

         The payments required to be paid to Officer by Company pursuant to
Sections 9 and 10 shall not be reduced by or mitigated by amounts which Officer
earns or is capable of earning during any period following his Termination Date.

         12. INJUNCTIVE RELIEF.

         Officer hereby recognizes, acknowledges and agrees that in the event of
any breach by Officer of any of his covenants, agreements, duties or obligations
hereunder, the Company would suffer great and irreparable harm, injury and
damage, the Company would encounter extreme difficulty in attempting to prove
the actual amount of damages suffered by the Company as a result of such beach,
and the Company would not be reasonably or adequately compensated in damages in
any action at law. Officer therefore agrees that, in addition to any other
remedy the Company may have at law, in equity, by statute or otherwise, in the
event of any breach by Officer of any of the covenants, agreements, duties or
obligations hereunder, the Company or its subsidiaries shall be entitled to seek
and receive temporary, preliminary and permanent injunctive and other equitable
relief from any court of competent jurisdiction to enforce any of the rights of
the Company or its subsidiaries or any of the covenants, agreements, duties or
obligations of Officer hereunder, or otherwise to prevent the violation of any
of the terms of provisions hereof, all without the necessity of proving the
amount of any actual damage to the Company or its subsidiaries thereof resulting
therefrom; provided, however, that nothing contained in this Section 12 shall be
deemed or construed in any manner whatsoever as a waiver by the Company or its
subsidiaries of any of the rights which any of them may have against Officer at
law, in equity, by statute or otherwise arising out of, in connection with or
resulting from the breach by Officer of any of his covenants, agreements, duties
or obligations hereunder.

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         13. CONFIDENTIAL INFORMATION.

         A. Company Information. Officer agrees at all times during Term and
thereafter, to hold in the strictest confidence, and not to use, except for the
benefit of the Company, or to disclose to any person, firm or corporation
without written authorization of the President or the Board of Directors of the
Company, any Company Confidential Information. Officer understands that any
unauthorized use or disclosure of Company Confidential Information during my
employment will lead to disciplinary action, up to and including immediate
termination and legal action by the Company. Officer understands that "Company
Confidential Information" means any non-public information that relates to the
actual or anticipated business, research or development of the Company, or to
the Company's technical data, trade secrets or know-how, including, but not
limited to, research, product plans or other information regarding the Company's
products or services and markets therefore, customer lists and customers
(including, but not limited to, customers of the Company on which Officer called
or with which Officer may become acquainted during the Term), software,
developments, inventions, processes, formulas, technology, designs, drawings,
engineering, hardware configuration information, marketing, finances and other
business information; provided, however Company Confidential Information does
not include any of the foregoing items to the extent the same have become
publicly known and made generally available through no wrongful act of mine or
of others.

         B. Former Employer Information. Officer agrees that during his
employment with the Company, Officer will not improperly use, disclose, or
induce the Company to use any proprietary information or trade secrets of any
former or concurrent employer or other person or entity. Officer further agree
that Officer will not bring onto the premises of the Company or transfer onto
the Company's technology systems any unpublished document, proprietary
information or trade secrets belonging to any such employer, person or entity
unless consented to in writing by both Company and such employer, person or
entity.

         C. Third Party Information. Officer recognizes that the Company may
have received and in the future may receive from third parties associated with
the Company, e.g., the Company's customers, suppliers, licensors, licensees,
partners, or collaborators ("Associated Third Parties") their confidential or
proprietary information ("Associated Third Party Confidential Information"). By
way of example, Associated Third Party Confidential Information may include the
habits or practices of Associated Third Parties, the technology of Associated
Third Parties, requirements of Associated Third Parties, and information related
to the business conducted between the Company and such Associated Third Parties.
Officer agrees at all times during his employment with the Company and
thereafter, to hold in the strictest confidence, and not to use or to disclose
to any person, firm or corporation any Associated Third Party Confidential
Information, except as necessary in carrying out his work for the Company
consistent with the Company's agreement with such Associated Third Parties.
Officer understands that his unauthorized use or disclosure of Associated Third
Party Confidential Information during his employment will lead to disciplinary
action, up to and including immediate termination and legal action by the
Company.

         14. MISCELLANEOUS.

                  14.1 ENTIRE AGREEMENT.This Agreement contains the entire
understanding of the parties hereto relating to the subject matter hereof and
cannot be changed or terminated except in writing signed by both Officer and the
Company.

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                  14.2 LIMITED LIABILITIES. All liabilities incurred by Officer
in his capacity as an officer hereunder shall be incurred for the account of the
Company, and Officer shall not be personally liable therefor. Officer shall not
be liable to the Company, or any of its respective subsidiaries, affiliates,
employees, officers, directors, agents, representatives, successors, assigns,
stockholders, and their respective subsidiaries and affiliates. The Company
shall, and hereby agrees to, indemnify, defend and hold Officer harmless from
and against any and all damages and/or loss or liability (including, without
limitation, all costs of defense thereof), for any acts or omissions in the
performance of service under and within the scope of this Agreement on the part
of Officer.

                  14.3 NOTICES. All notices, requests and other communications
(collectively, "Notices") given pursuant to this Agreement shall be in writing,
and shall be delivered by facsimile transmission with a copy delivered by
personal service or by United States first class, registered or certified mail
(return receipt requested), postage prepaid, addressed to the party at the
address set forth below:

If to the Company:                    NT Media Corporation of California, Inc.
                                      7800 Oceanus Drive
                                      Los Angeles, CA 90046

If to Officer:                        Ali Moussavi
                                      7800 Oceanus Drive
                                      Los Angeles, CA  90046

         Any Notice shall be deemed duly given when received by the addressee
thereof, provided that any Notice sent by registered or certified mail shall be
deemed to have been duly given three days from date of deposit in the United
States mails, unless sooner received. Either party may from time to time change
its address for further Notices hereunder by giving notice to the other party in
the manner prescribed in this Section 14.3.

                  14.4 GOVERNING LAW. This Agreement has been made and entered
into in the state of California and shall be construed in accordance with the
laws of the State of California without regard to the conflict of laws
principles thereof:

                  14.5 COUNTERPARTS. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original, but all
of which together shall constitute one and the same instrument.

                  14.6 SEVERABLE PROVISIONS. The provisions of this Agreement
are severable, and if any one or more provisions are determined to be judicially
unenforceable, in whole or in part, the remaining provisions shall nevertheless
be binding and enforceable.

                                    Page 11
<PAGE>

                  14.7 SUCCESSORS AND ASSIGNS. This Agreement and all
obligations and benefits of Officer and the Company hereunder shall bind and
inure to the benefit of Officer and the Company, their respective affiliates,
and their respective successors and assigns; provided however, that Officer may
not assign any or all of his rights or duties hereunder except following the
prior written consent of the Company.

                  14.8 AMENDMENT AND WAIVERS. No amendment or waiver of any term
or provision of this Agreement shall be effective unless made in writing. Any
written amendment or waiver shall be effective only in the instance given and
then only with respect to the specific term or provision (or portion thereof) of
this Agreement to which it expressly relates, and shall not be deemed or
construed to constitute a waiver of any other term or provision (or portion
thereof) waived in any other instance.

                  14.9 TITLE AND HEADINGS. The titles and headings contained in
this Agreement are included for convenience only and form no part of the
agreement between the parties.

                  14.10 SURVIVAL. Notwithstanding anything to the contrary
contained herein, the provisions of sections 7, 8, 9, 10, 11 and 12 shall
survive the termination of this Agreement.

                           [SIGNATURE PAGE TO FOLLOW.]

                                    Page 12
<PAGE>

         IN WITNESS WHEREOF, this Agreement has been agreed to and executed as
of the date set forth below.

Date:  MAY 15, 2008
       ---------------

                                      NT MEDIA CORPORATION OF CALIFORNIA, INC,
                                      a Delaware corporation

                                      By:  /S/ ALI MOUSSAVI
                                           ------------------------------------

                                      Its: PRESIDENT AND CEO
                                           ------------------------------------

ACCEPTED AND AGREED TO:

/S/ ALI MOUSSAVI
--------------------------------------
Ali Moussavi

                                    Page 13energyking_10qsb-ex1001.htm

    Exhibit
10.1

     

    EMPLOYMENT
AGREEMENT

     

    This
Employment Agreement dated as of February , 2008 (this "Agreement") is entered
into by and between Gallagher's Heating & Air Conditioning, Inc., a
California corporation (the "Employer"), and Timothy E. Gallagher (the
"Employee").

     

    1.    Employment. The
Employer hereby employs the Employee and the Employee hereby accepts employment
with the Employer upon the terms and subject to the conditions set forth
herein.

     

    2.    Duties and
Responsibilities. The Employee shall be employed in such positions and
hold such titles as may determined by the Board of Directors of the Employer
from time to time. The Employee shall perform all services and tasks requested
or assigned to of the Employee or otherwise reasonably incident to any position
held by the Employee. The Employee shall be subject to the direction and control
of the Board of Directors of the Employer and all such officers of the Employer
as the Board of Directors or any senior officers of the Employer may determine
from time to time. The Employee will devote his best efforts and his full time
and attention to the performance of his duties, except for paid time off as
permitted by Employer's general policies. The employment relationship between
the parties shall be governed by the general employment policies, practices and
rules of the Employer, including without limitation any employee handbook,
except that when the terms of this Agreement differ from or are in conflict with
the Employer's general employment policies, practices or rules, this Agreement
shall control.

     

    Without
limiting the foregoing, as part of his duties and responsibilities and without
any additional compensation, if requested by the Employer, the Employee shall
act as the qualifier for the Employer's licenses, maintain in good standing all
of his individual licenses that may be used to qualify the Employer's licenses
and take all such other actions as may be required, desired or requested by the
Employer to act as the qualifier for the Employer or otherwise qualify the
Employer licenses or enable the Employer to obtain all such licenses.
Notwithstanding the other provisions of this Agreement, at the option of the
Employer, unless the Company elects to select an earlier date, the Employee's
obligations under this paragraph shall continue notwithstanding any expiration
or termination of this Agreement or the Employee's employment until the later of
the date that is one hundred and eighty (180) days after the date the Employee's
employment terminates or the date on which this Agreement is then scheduled to
expire (currently December 31, 2009 and as such date may be extended); provided,
however, that during any such period that the Employee is required by the
Employer to perform such services but is not being paid as an employee (e.g, the
Employee is providing such services after he has voluntarily terminated his
employment under Section 6(d) or after the period for which the Employer is
required to pay the Employee his base compensation pursuant to Section 6.3(a) or
6.3(e)) the Employer shall compensate the Employee for acting as the qualifier
for the Employer and providing such qualification services at a reasonable
market rate for providing such services (which reasonable market rate shall be
based upon the fees being paid to other individuals providing similar services
to similar companies in the same general markets in which the Employer
operates), as determined in good faith by the Employer; and provided further
that the Employee shall assist the Employer as and whenever requested to assist
the Employer to transition to another qualifier. If and to the extent that the
Employee acts as the qualifier for the Employer pursuant to this Agreement, the
Employer shall indemnify, defend and hold harmless the Employee from and against
any and all claims, actions, demands, losses, damages, costs and expenses
arising from claims asserted or brought against the Employee by any third party
to the extent arising out of the Employee's provision of qualifying services
for the Employer under this Agreement, except in each case for any that arise
due to the Employee's bad faith, willful misconduct or gross negligence, any
breach of his obligations under this Agreement or, unless the Employee
reasonably believed that his conduct was lawful (or not unlawful), any violation
of law by the Employee.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    3.    Compensation. As
compensation for his services under the terms of this Agreement:

     

    (a)    The
Employee shall be paid an annual salary of $150,000, payable in accordance with
the then-current payroll policies of the Employer (such annual salary is herein
referred to as the "Base Salary").

     

    (b)    The
Employee may also be selected to participate in certain additional incentive
programs pursuant to which the Employee may receive additional compensation (the
"Additional Compensation"), payable in accordance with the then-current payroll
policies of the Employer with respect to the types of such
compensation.

     

    The
Employee also shall be entitled to vacation or paid time off and holiday pay in
accordance with the policies applicable to the Employer's exempt salaried
employees generally.

     

    4.    Term. Subject to
earlier termination as provided in this Agreement, the term of the Employee's
employment under this Agreement shall be for a term commencing on the date of
this Agreement and ending on December 31, 2009, subject to extension thereafter
by mutual written agreement of the Employer and the Employee. The period
commencing on the date of this Agreement and expiring on the scheduled
expiration date of this Agreement (including any extension of such date) is
referred to herein as the "Term."

     

    5.    Non-Competition,
Non-Solicitation and Confidentiality.

     

    (a)    During the
period the Employee is employed by the Employer or any other Buckeye Company (as
defined below) and, in the case of a termination of employment pursuant to Section 6(e) of this
Agreement prior to the date on which the Term is then scheduled to expire (as
the Employer is required to continue to pay the Employee his base salary as
provided in Section 6(e) through such date as if he continued to be employed
during such period), thereafter until the date on which the Term is scheduled to
expire, the Employee shall not:

     

    (i)    Directly
or indirectly accept employment with, or render any service to or on behalf of,
any person, firm or corporation that engages in the Territory (as defined below)
in the heating, air conditioning, cooling, ventilation or indoor air quality
business or any other business that may be conducted in by the Employer or any
Buckeye Company or any similar business (each of the foregoing businesses, a
"Competitive Business"); or

     

    (ii)    Directly
or indirectly own, manage, operate, finance or control or participate in the
ownership, management, operation, financing or control of, or be connected as a
principal, agent, representative, consultant, advisor, investor, owner, partner,
financier, manager or joint venturer with, or permit his name to be used by or
in connection with, any Competitive Business anywhere in the Territory; provided, however, that the
Employee may (A) invest as an investor in the voting securities of any person
that is a reporting company under the Securities Exchange Act of 1934, as
amended, so long as (1) the aggregate amount of such securities that the
Employee owns directly or indirectly is less than two
percent (2%) of the total outstanding voting securities of such person, and (2)
the Employee has no other affiliation with such person, and (B) own shares of
stock of Buckeye Ventures, Inc., a Nevada corporation ("Buckeye");

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    The term
"Competitive Business" shall be deemed to include any business that the Employee
knows is conducted in any material respect by the Employer or any other Buckeye
Company within the Territory. The Employee acknowledges that upon the
effectiveness of this Agreement the Employer will have business locations in Los
Molinos, California and Yuba City, California and will provide and/or will have
the ability to provide goods and services to customers anywhere within the
Territory. The term "Buckeye Company" shall mean the Employer and its direct and
indirect affiliates, including without limitation Buckeye and each parent,
subsidiary, partnership, limited liability company, joint venturer or other
related entity or any other entity directly or indirectly controlled by Buckeye.
The term "Territory" shall mean the area that consists of each business location
of the Employer and a fifty (50) mile radius from each such business location
(which if no additional locations are opened by the Employer after the date
hereof shall mean only anywhere within either (i) Los Molinos, California or a
fifty (50) mile radius of Los Molinos, California or (ii) Yuba City, California
or a fifty (50) mile radius of Yuba City, California).

     

    (b)    During
the period the Employee is employed by the Employer or any other Buckeye Company
and for a period of two (2)
years after the Employee ceases to be employed by the Employer or any
other Buckeye Company for any reason, whether before or after the expiration of
the Term, except that in the case of a termination of employment pursuant
to Section 6(e)
of this Agreement prior to the date on which the Term is then scheduled to
expire (as the Employer is required to continue to pay the Employee his base
salary as provided in Section 6(e) through such date as if he continued to be
employed during such period), such period shall extend to the date that is two
(2) years following the date the Term is scheduled to expire, the Employee shall
not:

     

    (i)    Contact,
deal with or in any way solicit any person or entity that is then or at any time
during the prior three (3) years before such date was a customer of the Employer
or a customer of any other Buckeye Company with which the Employee had actual
contact or actual knowledge in an effort to (A) cause or induce, or act in a
manner that has the effect of causing or inducing, such person or entity to
purchase or otherwise obtain the benefit or use of any products or services that
are provided by any Buckeye Company or the Employer from another person or
entity, or (B) disrupt, damage, impair or interfere with, or act in any manner
that has the effect of disrupting, damaging, impairing or interfering with, any
existing or potential (1) agreement, (2) arrangement, (3) course of dealing, or
(4) negotiations between any Buckeye Company and any such person or entity;
or

     

    (ii)    Solicit
the employment of any person who is or was employed by the Employer or any
Buckeye Company, or contact any such person in an effort to or in any manner
that suggests that such person should terminate or consider terminating such
person's employment or other relationship with the Employer or with any Buckeye
Company (other than any person who has ceased to be so employed for a period of
at least one year).

     

    (c)    It is the
desire and intent of each of the parties that the provisions of Section 5(a) and
Section 5(b) of
this Agreement shall be enforced to the fullest extent permissible
under applicable law. Accordingly, if any particular portion of Section 5(a) and
Section 5(b)
shall be adjudicated to be invalid or unenforceable, such Section shall be
deemed amended to (i) reform the particular portion to provide for such maximum
restrictions as will be valid and enforceable, or if that is not possible, then
(ii) delete therefrom the portion thus adjudicated to be invalid or
unenforceable.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (d)    During
the period during which the Employee is employed by the Employer or by any other
Buckeye Company and at all
times thereafter (regardless of the reason for termination of the
Employee's employment), the Employee will not divulge or appropriate to his own
use or to the use of others any secret, confidential or proprietary information
(the "Confidential Information") pertaining to the business of, or acquired from
other persons or entities by, the Employer, Buckeye or any other Buckeye
Company. Such Confidential Information includes, without limitation, trade
secrets; customer lists; customer prospect lists; acquisition target lists;
names, addresses, contact persons and other identifying information of
customers, prospective customers and acquisition targets; the needs and
preferences of customers and prospective customers; knowledge that customers or
prospective customers possess or may possess a willingness to use the types of
products or services offered by Employer, Buckeye or any other Buckeye Company;
business methods, plans and strategies; marketing methods, plans and strategies;
financial data; pricing information; other terms (including expiration dates) of
customer contracts; and cost information, obtained by the Employee as a
consequence of his employment, affiliation, agreements or position with the
Employer, Buckeye or any other Buckeye Company. For purposes of this Agreement,
Confidential Information does not include any information that is or becomes
generally available to and known by the public (other than as a result of an
unpermitted disclosure directly or indirectly by the Employee). The Employee
will not remove any item of Confidential Information from the premises of any
Buckeye Company except as the Employee's duties as an employee shall require or
as otherwise authorized by ,the
Employer, and upon any termination of the Employee's employment, the Employee
shall immediately return all items (including without limitation all copies
thereof) of Confidential Information, whether in printed, computer or other
form, as well as all analyses, compilations, studies, reports, manuals,
memoranda, notes, correspondence, charts, diagrams, designs, computer programs,
sales formats, supplier lists and other documents (including without limitation
all copies thereof), whether in printed, computer or other form, prepared by or
for the Employee or in the Employee's possession or control that contain or are
based in whole or in part upon such information, to the Employer or as otherwise
directed by the Employer.

     

    (e)    The
Employee acknowledges that Section 5(a), Section 5(b) and
Section 5(d) of this
Agreement are expressly for the benefit of the Employer, that the Employer would
be irreparably injured by a violation of Section 5(a), Section 5(b) or Section 5(d), and
that the Employer would have no adequate remedy at law in the event of such
violation. Therefore, the Employee acknowledges and agrees that, in addition to
any other remedies available, injunctive relief, specific performance or any
other appropriate equitable remedy (without any bond or other security being
required) are appropriate remedies to enforce compliance with Section 5(a), Section 5(b) and
Section
5(d).

     

    (f)    The
Employee further acknowledges that the covenants contained in Section 5(a), Section 5(b) and
Section 5(d) of
this Agreement are of the essence of this Agreement, and agrees that the
existence of any breach by the Employer of any provision of this Agreement, or
the existence of any claim or cause of action of the Employee against the
Employer, whether predicated on this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Employer of the provisions of
Section 5(a), Section 5(b) or Section 5(d).
Instead, in the event of any breach by Employer of any provision of this
Agreement, the Employee's remedy shall be to bring an independent action for
breach of contract against the Employer (except in the case of a dispute that is
the subject of Section
7, in which case the Employee's remedy is to invoke the dispute
resolution mechanism set forth therein).

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (g)    THE PROVISIONS OF THIS SECTION
5 SHALL CONTINUE
IN EFFECT PURSUANT TO
THEIR TERMS, NOTWITHSTANDING THE EXPIRATION OF
THE TERM OR ANY OTHER
TERMINATION OF THIS AGREEMENT. No restriction contained in any part of
this Section 5
is intended or shall be deemed to limit any other provision contained in this
Section 5 or
any other rights or remedies of the Employer or any other Buckeye Company,
whether under this Agreement, any other agreement, or by law or
otherwise.

     

    (h)    In the
case of a termination of the Employee's employment pursuant to Section 6(e)
where the Employer wrongfully ceases to pay the salary payments required to be
paid pursuant to Section 6(e), the Employee may elect, by written notice to the
Employer, to waive his rights to such payments and in such event the time
periods in this Section 5 which were to extend to or from the date the Term was
then scheduled to expire shall instead be determined as if the Employee
voluntarily resigned on (and, as the case may be, extend only to or from) the
date the Employee ceased to be employed (or, if later, the date the Employer
wrongfully ceased to make such salary payments to the Employee pursuant to
Section 6(e)).

     

    6.    Termination of
Employment.

     

    (a)    For Due Cause.
Nothing herein shall prevent the Employer from terminating, without prior
notice, the Employee for "Due Cause" (as hereinafter defined), in which event
the Employee shall be entitled to receive his Base Salary on a pro rata basis to
the date of termination and any Additional Compensation that has been awarded to
or earned by the Employee but not yet paid.

     

    The term
"Due Cause" shall mean (i) the Employee has (A) committed a willful serious act,
such as fraud, embezzlement or theft, (B) committed any act against the Employer
or any other Buckeye Company intending to enrich himself at the expense of the
Employer or any Buckeye Company, or (C) made any unauthorized use or disclosure
of any trade secret or other confidential information (including any
Confidential Information), whether pertaining to the business of the Employer or
any Buckeye Company or otherwise, (ii) the Employee has been convicted of a
felony or commits an act constituting a felony, (iii) the Employee has engaged
in conduct which has caused or could cause material, significant or serious
injury, whether monetary or otherwise, to the Employer or any other Buckeye
Company, (iv) the Employee, in carrying out his duties hereunder, has been
guilty of negligence or willful misconduct, (v) in the good faith determination
of the Employer, the Employee's performance, or the performance of the business
operations for which the Employee is responsible, has failed to meet the goals
and expectations established by the Employer, (vi) in the good faith
determination of the Employer, the Employee has violated in any material way any
of the Employer's rules, policies or procedures (including without limitation
those set forth in any employee handbook, or (vii) in the good faith
determination of the Employer, the Employee has otherwise materially breached
this Agreement (including, without limitation, any failure to perform the duties
assigned to him in accordance with this Agreement) and has not remedied such
breach within five business days (or such longer period of time not to exceed
thirty (30) days if the cure is commenced within five (5) business days, is
diligently
pursued in good faith and reasonably requires more than five (5) business days
to remedy) after receipt of written notice from the Employer specifying in
reasonable detail the nature of the breach.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (b)    Due to Death. In the
event of the death of the Employee, this Agreement shall terminate on the date
of death and the estate of the Employee shall be entitled to receive the
Employee's Base Salary (on a pro rata basis) through the date of the Employee's
death and any Additional Compensation that has been awarded to or earned by the
Employee but not yet paid.

     

    (c)    Disability. In the
event the Employee suffers a "Disability" (as hereinafter defined), this
Agreement shall terminate on the date designated by the Employer and the
Employee shall be entitled to receive his Base Salary (on a pro rata basis)
through the end of the month in which his employment is terminated due to the
Disability and any Additional Compensation that has been awarded to or earned by
the Employee but not yet paid. For purposes of this Agreement, "Disability"
shall mean the inability or incapacity (by reason of a medically determinable
physical or mental impairment) of the Employee to perform the duties and
responsibilities related to the job or position with the Employer described in
Section 2 of
this Agreement for a period that lasts, or that can be reasonably expected to
last, more than one hundred and eighty (180) days. Such inability or incapacity
shall be documented to the reasonable satisfaction of the Employer by
appropriate correspondence from a physician or physicians selected by the
Employer and reasonably acceptable to the Employee, and the Employee agrees to
submit to an examination by such physician or physicians for the purpose of
making such determination.

     

    (d)    Voluntary
Termination. The Employee may voluntarily terminate his employment under
this Agreement at any time by providing at least ninety (90) days' prior written
notice (or such shorter period as the Employer may elect after receiving such
notice) to the Employer. In such event, the Employee shall be entitled to
receive his Base Salary until the date his employment terminates and any
Additional Compensation that has been awarded to or earned by the Employee but
not yet paid.

     

    (e)    Constructive Termination
Prior to Expiration of Term.

     

    (i)    If, prior to
the expiration of the Term, the Employer:

     

    (A)    terminates
the employment of the Employee for any reason other than (1) for Due Cause, (2)
as a result of the death of the Employee or (3) because of a
Disability;

     

    (B)    decreases
the Employee's Base Salary below the level provided for by the terms of Section 3(a) of this
Agreement; or

     

    (C)    materially
breaches any provision of this Agreement and such breach is not cured by the
Employer within fifteen (15) days (or such longer period not to exceed thirty
(30) days if the cure is being diligently pursued in good faith and reasonably
requires longer than fifteen (15) days to cure) after receipt of written notice
from the Employee specifying in reasonable detail the nature of such breach,
then such action by the Employer, unless consented to in writing by the
Employee, shall be deemed to be a constructive termination by the Employer of
the
Employee's employment ("Constructive Termination"); provided, however, that
except in the case of a termination by the Employer pursuant to clause (A)
above, no Constructive Termination shall be deemed to have occurred unless the
Employee notifies the Employer of the Employee's election to treat such event as
a Constructive Termination within thirty (30) days of the occurrence of such
event.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (ii)    In the
event of a Constructive Termination the Employee may terminate his employment
without being in breach hereof, and the Employee shall be entitled to receive
(X) his Base Salary through the balance of the Term either, at the option of the
Employer, payable in a lump sum (but discounted by a reasonable factor as
mutually determined by the Employer and the Employee) or in accordance with the
then-current payroll policies of the Employer, and (Y) any Additional
Compensation that has been awarded to or earned by the Employee but not yet
paid.

     

    (iii)    In the
event of the death or Disability of the Employee following a Constructive
Termination, the amounts set forth in Section 6(e)(ii) of
this Agreement shall continue to be owing and shall be paid to the estate of the
Employee or to the Employee, as applicable. ).

     

    (f)    Benefits. Upon any
termination of the Employee's employment as provided in this Section 6 all
rights and benefits the Employee (or his estate) may have under any benefit
plans or programs of the Employer shall be determined in accordance with the
terms and conditions of such plans or programs applicable in the case of
employees who voluntarily terminate their employment (e.g., the Employee shall
be entitled to any vested amounts under the 401(k) plan and to be paid for any
accrued and unpaid vacation through the date of termination)

     

    7.    Arbitration of Certain
Disputes. In the event that the Employer advises the Employee that he is
being terminated for Due Cause pursuant to Section 6(a) and the
Employee disputes such determination and instead claims that he is being
terminated pursuant to Section 6(e), the Employee
must notify the Employer of his disagreement regarding the grounds for
termination within thirty (30) days following the date of termination. The
Employee agrees that if he fails to deliver such notice within such thirty (30)
day period, he will lose the right to dispute whether the termination was
pursuant to Section
6(e), and he shall be limited to the rights and remedies provided for in
Section 6(a).
In the event that the Employee notifies the Employer of his disagreement within
such thirty (30) day period, the dispute shall be resolved in accordance with
the following provisions:

     

    (a)    The
Employee shall, within ten (10) days of notifying the Employer of his
disagreement, file a demand for arbitration with the American Arbitration
Association.

     

    (b)    The
dispute shall be resolved by a confidential, binding arbitration pursuant to the
National Rules for the Resolution of Employment Disputes of the American
Arbitration Association, as modified by the agreement of the parties as set
forth below.

     

    (c)    The
dispute shall be resolved by a single neutral arbitrator, who shall be selected
by agreement of the parties, or selected in accordance with American Arbitration
Association procedures if the parties cannot agree.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (d)    The
Employer and the Employee agree to engage in expedited discovery (including both
document production and depositions) so that each party can obtain disclosure of
relevant, non-privileged materials in a manner that will permit the close of
discovery, and then the hearing on the merits, to occur within sixty (60) days
after the filing of the arbitration demand, unless the parties mutually agree to
extend such period.

     

    (e)    The sole
issue to be resolved by the arbitrator shall be whether the termination was for
Due Cause. If the arbitrator rules that the termination was not for Due Cause,
the relief to be ordered by the arbitrator shall be limited to ordering the
Employer to comply with the provisions of Section
6(e)(ii).

     

    (f)    Each
party shall bear its own expenses (including without limitation the fees and
expenses of legal counsel and accountants) in connection with such arbitration
and the Employer and the Employee shall each bear one-half of the arbitrator's
fees and expenses.

     

    The
Employee agrees that, pending the resolution of any dispute described in this
Section 7, he
shall continue to be bound by the provisions of Section 5 (including
Section 5(a)
and Section
5(b)). The
Employee further agrees that, following the resolution of any dispute described
in this Section
7, he shall continue to be bound by the provisions of Section 5, with the
duration of the period provided for in Section 5(a) and
Section 5(b)
determined by the outcome of the arbitration.

     

    8.    Withholding. All
payments and benefits under this Agreement for which withholding is required
under applicable law will be made subject to the required
withholding.

     

    9.    Notices. All notices,
requests, demands and other communications given under or by reason of this
Agreement shall be in writing and shall be deemed given when delivered in person
or when mailed, by certified mail (return receipt requested), postage prepaid,
addressed as follows (or to such other address as a party may specify by notice
pursuant to this provision):

     

    (a)    If to the
Employer, addressed to it at:

     

    c/o
Buckeye Ventures, Inc.

    4455 Lamont
Street

    Suite
3

    San
Diego, California 92109

    Attn:
Board of Directors

     

    with a
copy to Buckeye, addressed to it at:

     

    Buckeye
Ventures, Inc.

    4455 Lamont
Street

    Suite
3

    San
Diego, California 92109

    Attn:
President

     

    (b)    If to the
Employee, addressed to him at:

     

    25259
Lincoln

    Los
Molinos, California 96055

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    10.    Controllinq Law. The
execution, validity, interpretation and performance of this Agreement shall be
governed by and construed in accordance with the internal laws (and not the
conflicts of law provisions) of the State of California.

     

    11.    Additional
Instruments. The Employee and the Employer shall execute and deliver any
and all additional instruments and agreements that may be necessary or proper to
carry out the purposes of this Agreement. Without limiting the generality of the
foregoing, in the event that the Employer so requests, the Employee agrees to
sign acknowledge and confirm from time to time his obligations under Section
5.

     

    12.    Entire Aqreement;
Amendments; Waivers; Termination. This Agreement contains the entire
agreement of the Employee and the Employer relating to the matters contained
herein and supersedes all prior agreements and understandings, oral or written,
between the Employee and the Employer with respect to the subject matter hereof,
excluding any existing records of the Employer (or any predecessor of the
Employer) relating to the Employee's employment, which records may continue to
be considered by the Employer in making any determinations permitted or provided
for hereunder. This Agreement may be amended, modified or supplemented, but only
in writing approved by Buckeye or the board of directors of the Employer and
signed by each of the parties hereto. Any term of this Agreement may be waived
only with the written consent of the party sought to be bound, and the waiver by
either party to this Agreement of a breach of any provision of the Agreement by
the other party shall not operate or be construed as a waiver by such party of
any subsequent breach by such other party.

     

    13.    Reformation and
Severability. In case any provision of this Agreement shall be invalid,
illegal or unenforceable, it shall, to the extent possible, be modified in such
manner as to be valid, legal and enforceable but so as to most nearly retain the
intent of the parties, and if such modification is not possible, such provision
shall be severed from this Agreement, and in either case the validity, legality
and enforceability of the remaining provisions of this Agreement shall not in
any way be affected or impaired thereby.

     

    14.    Assiqnments. The
Employer may assign this Agreement to any affiliate of Buckeye or the Employer
or any person or entity succeeding to all or substantially all of the business
interests of Buckeye or the Employer by merger or otherwise. The rights and
obligations of the Employee under this Agreement are personal to him, and no
such rights, benefits or obligations shall be subject to voluntary or
involuntary alienation, assignment or transfer, except as otherwise expressly
contemplated in Section 6(b) and
Section
6(e)(iii) of this Agreement.

     

    15.    Effect of Aqreement.
Subject to the provisions of Section 14 of this
Agreement with respect to assignments, this Agreement shall be binding upon the
Employee and his heirs, executors, administrators, legal representatives and
assigns and upon the Employer and its respective successors and assigns, except
as otherwise contemplated hereby.

     

    16.    Exercise of Riqhts and
Remedies. The rights and remedies in this Agreement shall not be
exclusive, but are intended to be cumulative with all other rights and remedies
of the Employer and each other Buckeye Company, whether under this Agreement,
any other agreement, law or otherwise. No delay of or omission in the exercise
of any right, power or remedy accruing to any party as a result of any breach or
default by any other party under this Agreement shall impair any such right,
power or remedy, nor shall it be construed as a waiver of or acquiescence in any
such breach or default, or of any similar breach or default occurring
later.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    17.    Execution. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original and all of which together shall constitute but one and the
same instrument.

     

    18.    Termination. Pursuant
to certain documents entered into in connection with the Merger Agreement, the
Stockholder has obtained certain security interests in the shares of stock
and/or certain assets of the Company. In the event that as a result of the
Stockholder's exercise of its rights with respect to such security interests
under these documents, the Stockholder becomes the owner of all or substantially
all of the shares of stock of the Company or all or substantially all of the
business or assets of the Company, this Agreement shall automatically terminate
without any further liability on the part of either party, except that the
provisions in Section 5 that relate to the customers, employees or persons or
entities otherwise engaged by Buckeye or any other Buckeye Company (other than
the Company) and that relate to any Confidential Information of Buckeye or any
other Buckeye Company (other than the Company) and any related provisions
required for the enforcement thereof, shall survive such termination for the
periods provided for in this Agreement.

     

    IN WITNESS WHEREOF, the
Employee and the Employer have executed this Agreement effective as of the date
first above written.

     

    
    

     

    
      	Employer:	Employee:
	 	 
	
              GALLAGHER'S
      HEATING

              & AIR CONDITIONING, INC.

               

               

              By: /s/ Larry
      Weinstein

              Larry Weinstein – CFO

            	
              /s/
      Timothy E. Gallagher

              Timothy E.
Gallagher

            

    

     

    
10

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