Document:

EXECUTIVE
      EMPLOYMENT AGREEMENT

    

    

    THIS
      EXECUTIVE EMPLOYMENT AGREEMENT
      (“Agreement”) made and entered into on this 11th day of November,
      2008 (the "Effective Date"), by and between Vystar Corporation, a Georgia
      corporation (the "Company"), and William R. Doyle, a resident of the State
      of
      Georgia ("Employee").

    

    In
      consideration of the employment by the Company and of the compensation and
      other
      remuneration paid, and to be paid, by the Company and received by Employee
      for
      such employment, and for other good and valuable consideration, the receipt
      and
      sufficiency of which is hereby acknowledged by Employee, it is agreed by and
      between the parties hereto as follows:

    

    1. Definitions.
      For
      purposes of this Agreement, the following terms shall have the meanings
      specified below:

    

    "Business"
      - the
      research, development, manufacturing, marketing, distribution, licensing and
      offering of products, services and technologies offered by the Company as of
      the
      Effective Date and as may be offered by Company during the term of this
      Agreement, including all renewals. Such products, services and technologies
      include, but are not limited to, marketing, selling, distributing and developing
      natural rubber latex (NRL) raw material and related products and services to
      processors, manufacturers, distributors and other parties who use and/or
      purchase NRL as a raw material and/or who manufacture products using NRL.

     

    “Competitor”
      - means
      any
      Person (as defined herein) offering, selling, distributing, processing,
      developing, licensing or manufacturing NRL and related products, services and
      technologies to or for processors, manufacturers, distributors and other parties
      who use, manufacture, process and/or purchase NRL raw material and/or who
      manufacture end products using NRL raw materials or a synthetic alternative
      to
      NRL in competition with Company or any of its subsidiaries.

     

    
      	 	 	
              "Confidential
                Information"
                -
                information relating to the operations, customers, or finances of
                the
                Company, or the Business, that derives value from not being generally
                known to other Persons, including, but not limited to, technical
                or
                nontechnical data, formulas, patterns, compilations, programs, devices,
                methods, techniques, drawings, processes, financial data, and lists
                of or
                identifying information about actual or potential customers or suppliers,
                including all customer lists, whether or not reduced to writing,
                certain
                patented and unpatented information relating to the research and
                development, manufacture or serving of the Company's products, information
                concerning proposed new products, market feasibility studies and
                proposed
                or existing marketing techniques or plans, and all information defined
                as
                a “Trade Secret” pursuant to the Georgia Trade Secrets Act or otherwise by
                Georgia law. Confidential Information also includes the same types
                of
                information relating to the operations, customers, finances, or Business
                of any affiliate of the Company, if such information is learned by
                Employee during the term of this Agreement or in connection with
                Employee's performance of Services, as defined herein. Con-fidential
                Information also includes information disclosed to the Company by
                third
                parties that the Company is obligated to maintain as confiden-tial.
                Confidential Information may include information that is not a Trade
                Secret, but Confiden-tial Information that is not also a Trade Secret
                shall constitute Confidential Information only for five (5) years
                after
                the Termination Date. Confidential Information does not include
                information generally available to the public through no violation
                of a
                confidentiality or non-disclosure obligation owed to
                Company;

            

    

     

    
      
        
        

      

      
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              "Customer"
                -
                any customer of the Company in the Territory that Employee, during
                the
                term of this Agreement, (i) provided goods or services to or solicited
                on
                behalf of the Company; or (ii) about whom Employee possesses Confidential
                Information;

            

    

    

    
      	 	 	
              "Person"
                -
                any individual, corporation, partnership, limited liability company,
                association, municipality, government agency, government, unin-corporated
                organization or other entity;

            

    

    

    
      	 	 	
              "Services"
                -
                the duties and functions that Employee shall provide in the Territory
                as
                an employee of the Company and as further outlined on Exhibit
                B;

            

    

    

    
      	 	 	
              "Termination
                Date"
                -
                the last day Employee is employed by the Com-pany, whether the termination
                is voluntary or involuntary and whether with or without cause;
                

            

    

    “Territory”
      - shall
      be the geographic region in which Employee initially and/or within the last
      eighteen (18) months during the term of this Agreement provides the Services.
      Territory shall be more fully described in Exhibit B along with Employee’s
      description of Services.

    

    2. Employment:
      The
      Company agrees to employ Employee and Employee agrees that Employee will devote
      Employee’s full productive time, skill, energy, knowledge and best efforts
      during the period of Employee’s employment to such duties as the Board of
      Directors of the Company may reasonably assign to Employee, and Employee will
      faithfully and diligently endeavor to the best of Employee’s ability to further
      the best interest of the Company during the period of Employee’s employment.
      However, Employee is not prohibited from making personal investments in any
      other businesses, as long as those investments do not require Employee to
      participate in the operation of the companies in which Employee invests and
      such
      other businesses are not in competition with the Company or any of its
      subsidiaries (“Competitor”). Employee may invest in any publicly traded company
      registered on a bona fide stock exchange without reservation.

    

    3. Terms
      of Employment:
      Employee's employment pursuant to this Agreement will begin on the
      1st day of November, 2008, and will continue uninterrupted unless
      terminated by either party pursuant to the Termination Section herein. This
      Agreement shall supersede all terms of employment previously executed and
      existing prior to the execution of this Agreement.

    

    4. Compensation:
      On the
      terms and subject to the conditions of this Agreement, (i) the Company will
      pay
      Employee a salary and a bonus determined in accordance with Exhibit A, (ii)
      Employee will be entitled to participate in the Company’s 2004 Long-Term
      Incentive Compensation Plan (“Stock Option Plan”), or such other employee stock
      option plan as may be in effect from time to time, and (iii) the Company will
      provide Employee with employee benefits consistent with those provided by the
      Company to similarly situated executives. The employee benefits provided by
      the
      Company as of the date hereof shall also be distributed to Employee. The Company
      reserves the sole and unilateral right to modify any and all employee benefits
      at any time in its sole discretion.

    

    
      
        
        

      

      
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    5. Title,
      Duties and Conduct of Employee:
      The
      Employee’s initial title shall be President, Chief Executive Officer, and
      Chairman of the Board, and shall report to the Board of Directors of Company.
      Employee shall perform such duties and functions for the Company as shall be
      specified from time to time by the Board of Directors of the Company, including,
      but not limited to the duties and functions expressly set forth on Schedule
      B,
      and which are consistent therewith (“Services”).

    a. Disparagement.
      Employee
      shall not at any time make false, misleading or disparaging statements about
      the
      Company, including the Business, management, employees and/or
      Customers.

    

    b. Prior
      Agreements.
      Employee
      represents and warrants that Employee is not under any obligation, contractual
      or otherwise, limiting, impairing or affecting Employee's performance of
      Services. Upon execution of this Agreement, Employee shall give the Company
      any
      agreement with a prior employer or other Person purporting to limit or affect,
      in any way, Employee's ability to work for the Company, to solicit customers
      or
      potential customers or employees or to use any type of information.

    

    c. Confidential
      Information.
      Employee
      shall protect Confidential Information. Except as required in connection with
      work for the Company, Employee will not use, disclose or give to others, during
      or after Employee's employment, any Confidential Information.

    

    d. Compliance
      with Company Policies and Laws.
      At all
      times while performing Services, Employee shall comply with all laws and
      regulations applicable to Employee and/or Company. Employee shall at all times
      comply with all Company policies and procedures. Failure to comply with this
      Section shall be grounds for Termination For Cause, as described in Section
      9
      Term and Termination.

    

    6. Illness
      or Incapacity:
      Employee
      is entitled to paid-time off and absence from Employee’s duties during regular
      work hours for any reason for a total of four (4) weeks each calendar year
      (“PTO”). If Employee cannot perform his/her duties because of major illness or
      incapacity for more than a total of ninety (90) days in any year, the Company
      may terminate this Agreement upon thirty (30) days' written notice to Employee.
      Employee is not entitled to receive, and the Company shall not be required
      to
      pay, Employee's compensation hereunder for absences because of major illness
      or
      incapacity other than the total of ninety (90) days in each year granted to
      Employee under this Section 6.

     

    7. Ownership
      of Information

    

    a. Work
      For Hire Acknowledgment; Assignment.
      All
      writings, draw-ings, photographs, tapes, recordings, strategies, formulas,
      operating procedures, patents, product developments, computer programs and
      other
      works in any tangible medium of expression, regardless of the form of medium,
      which have been or are prepared by Employee, or to which Employee contributes,
      in connection with Employee's employ-ment by the Company, whether patented,
      copyrighted, trademarked or otherwise (collectively the "Works") and all
      copyrights, patents, trademarks and other rights in and to the Works, belong
      solely, irrevocably and exclusively throughout the world to the Company as
      works
      made for hire. However, to the extent any court or agency should conclude that
      the Works (or any of them) do not constitute or qualify as a "work made for
      hire," Employee hereby assigns, grants and delivers, solely, irrevocably,
      exclusively and throughout the world to the Company all ownership and other
      rights to the Works. Employee also agrees to cooperate with the Company and
      to
      execute such other further grants and assignments of all rights as the Company
      from time to time reasonably may request for the purpose of evidencing,
      enforcing, filing, registering or defending its ownership of the Works and
      the
      copyrights in them, and Employee hereby irrevoca-bly constitutes and appoints
      the Company as Employee's agent and attorney-in-fact, with full power of
      substitu-tion, in Employee's name, place and stead, to execute and deliver
      any
      and all such assignments or other instruments which Employee shall fail or
      refuse promptly to execute and deliver, this power and agency being coupled
      with
      an interest and being irrevo-cable. Without limiting the preceding provisions
      of
      this Paragraph 7(a), Employee agrees that the Company may edit and otherwise
      modify, and use, publish and otherwise exploit, the Works in all media and
      in
      such manner as the Company, in its discretion, may determine.

    

    
      
        
        

      

      
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    b. Inventions,
      Ideas and Patents.
      Employee
      shall disclose promptly to the Company (which shall receive it in confidence),
      and only to the Company, any invention or idea of Employee (developed alone
      or
      with others) conceived or made during Employee's employment by the Company
      (or,
      if related to the Business, during employment or within one year after the
      Termination Date). Employee assigns to the Company any such invention or idea
      in
      any way connected with Employee's employment or related to the Business,
      research or development of the Company, or demonstrably anticipated research
      or
      development of the Company, and will cooperate with the Company and sign all
      papers deemed necessary by the Company to enable it to obtain, maintain, protect
      and defend patents covering such inventions and ideas and to confirm the
      exclusive ownership of the Company of all rights in such inventions, ideas
      and
      patents, and irrevoca-bly appoints the Company as its agent to execute and
      deliver any assignments or documents Employee fails or refuses to execute and
      deliver promptly, this power and agency being coupled with an interest and
      being
      irrevocable. This constitutes written notification to Employee that this
      assignment does not apply to an invention for which no equipment, supplies,
      facility or Trade Secret information of the Company or any Customer was used
      and
      which was developed entirely on Employee's own time, unless (a) the invention
      relates (i) directly to the Business or (ii) to the actual or demonstrably
      anticipated research or develop-ment of the Company, or (b) the invention
      results from any work performed by Employee for the Company.

    

    8. Nonsolicitation;
      Noncompetition. 

    

    
      	a.  	
              Non-Solicitation
                of Customers.
                During the term of this Agreement, and for one (1) year after the
                Termination Date, Employee will not solicit Customers within the
                Territory
                for the purpose of providing products or services comparable to those
                provided by the Business, except on behalf of the
                Company.

            

    

     

    
      
        
        

      

      
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      	b.  	
              Non-Solicitation
                of Company Employees.
                During the term of this Agreement and for one (1) year after the
                Termination Date, Employee will not solicit for employment with another
                Person anyone who is an employee of the
                Company.

            

    

    

    
      	 	
              c.

            	
              Non-Compete.
                During the term of this Agreement and for one (1) year after the
                Termination Date, Employee will not provide services substantially
                similar
                to Services within the Territory to any Competitor. Employee shall
                be
                prohibited from providing in the Territory in competition with the
                Company
                in accordance with the terms of this Agreement, including the Services
                expressly set forth on Schedule B attached hereto. Employee acknowledges
                that Employee has been informed of and discussed with the Company
                the
                specific activities that Employee will perform as Services and that
                Employee understands the scope of the activities that constitute
                Services
                and the Territory under this Agreement. In exchange for entering
                into this
                noncompete during the one-year period after Termination of this Agreement,
                Employee shall be compensated as described in Effect of Termination,
                Section 9.c.

            

    

    

    
      	 	
              d.

            	
              Future
                Employment Opportunities.
                Prior to and for one (1) year after the Termination Date, Employee
                shall
                (a) provide any employer with a copy of this Agreement, and (b) upon
                accepting any position, provide the Company with the employer's name
                and a
                description of the services, if any, Employee will provide for such
                employer.

            

    

     

    9. Termination.
      At all
      times, Employee’s employment shall be subject to “employment at will”. This
      Agreement and the employment of Employee may be terminated as
      follows:

    

    a. Without
      Cause.
      Either
      party may terminate this Agreement upon thirty (30) days notice to the other
      party. 

    

    b. For
      Cause.

    (1) By
      the
      Company (i) pursuant to Paragraph 6 , (ii) upon conviction of the Employee
      of
      any felony or material misdemeanor under federal, state or local laws or
      ordinances, except traffic violations (iii) upon the failure of Employee to
      reasonably, diligently or competently discharge the duties assigned to him
      pursuant to this Agreement; (iv) if Employee engages in any act of dishonesty
      or
      bad faith with respect to the Company; (v) if Employee uses alcohol, drugs
      or
      other similar substances in a manner that adversely affects Employee’s work
      performance; (vi) Employee otherwise commits any act or crime reflecting
      unfavorably upon the Company or

    

    (2) (i)
      By
      Employee upon thirty (30) days' written notice to the Company for any breach
      of
      this Agreement by Company and failure to cure within that thirty (30) day notice
      period; or

    

    
      
        
        

      

      
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    (3) By
      the
      Company upon any breach by Employee of any of the terms and conditions of this
      Agreement or the breach by Employee of any representation or warranty made
      to
      the Company herein or in any other agreement, document or instrument executed
      by
      Employee and delivered to the Company, or should any representation or warranty
      made by Employee hereunder or thereunder prove to have been false or misleading
      in any material respect when made or furnished; or

    

    (4) Immediately
      by the Company upon the death or incapacitation of more than ninety (90) days
      of
      Employee.

    

    c. Effect
      of Termination.

    

    (1) In
      the
      event Employee is terminated by the Company without cause, the Company shall
      (i)
      pay Employee his then current salary and provide Employee with Group Health
      Insurance, but no other compensation or benefits, for six (6) months beginning
      with the date of termination (“Severance Payment”), and (ii) subject to the
      Employee's strict adherence to and performance of the covenants set forth in
      Paragraph 8, Company shall pay to Employee, an amount equal to seventy-five
      percent (75%) of Employee’s monthly salary amount for the one (1)-year period
      Employee remains obligated to the Non-Compete and Non-Solicitation covenants
      described in paragraph 8. If Employee is terminated for cause or Employee
      terminates this Agreement without cause, Employee shall be entitled only to
      compensation accrued through the date of Termination and all benefits accrued
      as
      of such date, and shall not be entitled to any Severance Payment described
      herein, but shall remain obligated to the Non-Compete and Non-Solicitation
      obligations.

    

    (2)
       Return
      of Materials.
      On the
      Termination Date or for any reason or at any time at the Company's request,
      Employee will deliver promptly to the Company all materials, documents, plans,
      records, notes, manuals, subcontracts, procedures, customer lists, and any
      other
      papers and any copies thereof in Em-ployee's possession, custody or control
      relating to the Company or the Business, whether defined as Confidential
      Information, Trade Secret or otherwise, all of which at all times shall be
      the
      property of the Company.

    

    10. Miscellaneous. 

    

    a. Assignability. 

    

    (1)
      This
      Agreement may be assigned by the Company to any successor in interest to its
      business, which successor in interest shall be bound herein to the same extent
      as the Company. Employee agrees to perform his duties for such successor in
      interest to the same extent as for the Company.

    

    (2)
      This
      is a personal agreement on the part of Employee and may not be sold, assigned,
      transferred or conveyed by Employee.

    

    
      	 	
              b. No
                Waiver.
                The
                waiver by either party of a breach of any provision of this Agreement
                by
                the other party shall not operate or be construed as a waiver of
                any
                subsequent breach by the other
                party.

            

    

     

    
      
        
        

      

      
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              c.
                Governing
                Law and Jurisdiction.
                This
                Agreement shall be governed by and construed in accordance with the
                laws
                of the State of Georgia. Any cause of action shall be filed in and
                the
                parties agree to subject themselves to the jurisdiction of any State
                or
                Federal court of competent jurisdiction located in Atlanta, Georgia.
                

            

    

    

    
      	 	
              d.
                Entire
                Agreement.
                This
                Agreement states the entire agreement and understanding between the
                parties and supersedes all prior understandings and
                agreements.

            

    

    

    e.
      No
      Modification.
      No
      change
      or modification to this Agreement shall be valid unless in writing and signed
      by
      both parties hereto.

    

    f. Independence
      of Covenants.
      The
      covenants contained herein shall be construed as agreements independent of
      each
      other and of any other provision of this or any other contract between the
      parties hereto, and the existence of any claim or cause of action by Employee
      against the Company, whether predicated upon this or any other contract, shall
      not constitute a defense to the enforcement by the Company of said
      covenants.

    

    g.
      Right
      to Injunctive Relief.
      Employee
      recognizes and agrees that the injury the Company will suffer in the event
      of
      the Employee's breach of any covenant or agreement contained herein cannot
      be
      compensated by monetary damages alone, and Employee therefore agrees that the
      Company, in addition and without limiting any other remedies or rights that
      it
      may have, either under his Agreement or otherwise, shall have the right to
      obtain an injunction against Employee from any court of competent jurisdiction
      enjoining any such breach without having to show or prove damages or
      injury.

    

    h.
      Jury
      Trial Waiver.
      Both
      parties hereby waive their right to a trial by jury in the event of any dispute
      or cause of action regarding this Agreement.

     

    

    

    

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    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the day and year first above
      written.

     

     

    
      	 	VYSTAR
              CORPORATION
	 	 	 
	 	By:	  

	 	 	(Signature)
	 	 	 
	 	Name:	Joseph
              Allegra
	 	 	 
	 	Title:	Director,
              Chair Compensation
	 	 	 
	 	Date:	  
	 	 	 
	 	EMPLOYEE:
	 	 	  

	 	 	(Signature)
	 	 	 
	 	Name:	William
              R. Doyle
	 	 	 
	 	
              Date:

            	  
	 	
               

            	 
	 	 	 

    

    

      
        
          
          

        

        
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    Schedule
      A - Salary and Bonus

    

     

    Annual
      Salary. $185,000,
      which
      may be amended from time to time by the Board. The
      Salary shall be payable bi-weekly according to the Company’s established payroll
      periods. The Board and Employee shall review the Annual Salary amount annually
      upon Employee’s Annual performance review that determines Employee’s Annual
      Bonus discussed below. 

    

    Bonus. 

    

    Annual
      Bonus.
      Employee
      shall be eligible each year of the term of this Agreement for a cash bonus
      equal
      to a maximum of 125% of Employee’s Annual Salary amount based on the success of
      the Company in meeting its objectives, as set out for Employee; provided that
      no
      cash bonus shall be payable to Employee on any date unless Employee is employed
      by the Company on that date. The amount of the Annual Bonus shall be determined
      by the Board based on the percentage of achievement of the stated Company
      objectives. Notwithstanding, if Company does not meet at least 90% of its stated
      objectives, the Board may choose not to award Employee any portion of his Annual
      Bonus. The effective date of Annual Bonus calculation shall be the Company
      Fiscal Year-End, and shall be payable in one or more installments as determined
      by the Board beginning in the first quarter of the following Fiscal
      Year.

    

     

    

     

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    Schedule
      B - Duties and Functions (“Services”)

    

    

    Services:
      Oversee
      and promote all aspects of the Company business. This shall include, but not
      be
      limited to: (i) having all operations, marketing, finance, sales, distribution
      and research and development functions report to Employee; (ii) mentoring and
      guiding all employees in the management and furtherance of the Company
      objectives.

    

    

    

    

    Territory:
      Worldwide

    

    

    

    

    

    

    

    

    

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        10MANAGEMENT
      AGREEMENT

     

    THIS
      MANAGEMENT AGREEMENT (“Agreement”) is
      dated
      January 31, 2008 (“Effective Date”) by and between UNIVERSAL
      CAPITAL MANAGEMENT, INC.,
      a
      Delaware corporation (“Manager”),
      and
VYSTAR
      CORPORATION,
      a
      Georgia corporation (“VYSTAR”
      or “Company”).

     

    BACKGROUND

     

    VYSTAR
      desires to obtain from the Manager, and the Manager is willing and able to
      provide to VYSTAR, management services and other assistance in accordance with
      and subject to the terms and conditions set forth in this
      Agreement.

     

    For
      and
      in consideration of the mutual benefits and covenants set forth below, and
      other
      good and valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the parties hereto, intending to be legally bound, hereby agree
      as
      follows:

     

    1. Appointment
      as Manager.

     

    (a) VYSTAR
      hereby engages Manager to provide management services and other assistance
      in
      accordance with the terms of this Agreement. The Manager shall and hereby agrees
      to devote such time as is reasonably necessary to provide such services and
      assistance.

     

    2. Scope
      of Services.

     

    (a) Manager
      hereby agrees to provide to VYSTAR the following services (as amended from
      time
      to time, collectively, the “Services”):

     

    (i) Strategic
      Planning.
      Manager
      shall assist VYSTAR management in the strategic planning process to include
      but
      not be limited to analysis of potential markets, competition, product marketing
      approaches, pricing and future product utility.

     

    (ii) Investment
      Banking Consultation and Investor Introduction Services.
      Manager
      is not registered at this time as a securities broker or dealer, and represents
      and warrants that such registration is not required. Manager further represents
      that it does not have an affiliation with any securities brokerage firm. As
      a
      result, the Company understands that, while the Manager will introduce the
      Company to qualified persons and/or institutions who indicate a serious interest
      in pursuing a possible financing transaction for the Company within the
      parameters established by the Company, the Manager will not be involved in
      conducting negotiations for the Company with any such persons, handling any
      funds or securities, or performing services that would constitute a business
      of
      effecting transactions in securities under applicable federal or state law.
      Manager further represents and warrants that it has not acted as a broker or
      finder in any other sale of securities and does not intend to participate in
      any
      distribution of securities after any transaction under this
      Agreement.

     

    Manager
      will use its best efforts to assist VYSTAR in seeking and raising funding and
      in
      preparation for entering the public market, pursuant to the Manager letter
      attached hereto as Exhibit A. Manager will provide VYSTAR with various options
      and methods for attaining its investment banking and public market
      goals.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii) Investor
      Relations Services. Manager
      will introduce VYSTAR to qualified Investor Relations Manager(s) suitable for
      providing marketing and public relations services in the investor community
      on
      behalf of VYSTAR. At VYSTAR’S request, the Manager will co-ordinate investor
      relations and public relations services between VYSTAR the provider of such
      services.

     

    3. Term
      and Termination.

     

    (a) This
      Agreement shall be effective as of the Effective Date and, subject to the
      provisions of section (b) of this Section 3, shall terminate after three (3)
      months (the “Term”).
      

     

    (b) Notwithstanding
      the provisions of subsection (a) of this Section 3, (i) Manager can terminate
      this Agreement at any time upon thirty (30) days’ notice to VYSTAR upon VYSTAR’s
      failure to pay the amounts required hereunder, and (ii) VYSTAR can terminate
      this Agreement after thirty (30) days’ notice to Manager of Manager’s material
      failure to fulfill its obligations hereunder and Manager’s failure to correct
      such failure during such time period.

     

    4. Compensation.
      

     

    Within
      thirty (30) days of the signing of this agreement VYSTAR shall pay Manager
      for
      the Services by delivering to Manager a Warrant attached hereto as Exhibit
      A,
      pursuant to a Warrant Purchase Agreement attached hereto as Exhibit B, to
      purchase up to One Million (1,000,000) Shares of the common stock of the Company
      at an exercise price of $0.01. The Warrant will be exercisable in whole or
      in
      part at or before 5:00 p.m. E.S.T. on January 31, 2013.

     

    In
      addition, VYSTAR shall reimburse Manager for third party and out-of-pocket
      expenses actually and reasonably incurred by Manager as an adjunct to and as
      a
      supplement to Manager’s responsibility for performing the Services for which
      Manager is being paid compensation described herein, and which are approved
      in
      advance by VYSTAR; provided that expenses of Affiliates of Manager shall not
      be
      deemed third party expenses for purposes of this Section 4.

     

    5. Non-Exclusive
      Contract.
      The
      Manager acts as adviser to other clients and may give advice, and take action,
      with respect to any such client which may differ from the advice given, or
      the
      timing or nature of action taken, with respect to VYSTAR.

     

    6. Delegation
      and Assignment.
      With
      VYSTAR’s prior written consent, which consent shall not be unreasonably withheld
      or delayed, Manager may delegate all or part of its duties to perform Services
      hereunder; provided, that Manager’ costs associated with any duties so delegated
      shall not be deemed out-of-pocket expenses added to the price of Services
      pursuant to Section 4. Notwithstanding the foregoing, Manager shall be entitled
      to delegate all or any part of its duties to one or more of its Affiliates
      upon
      notice to VYSTAR; provided, however, that Manager and its designee Affiliate(s)
      shall be jointly and severally liable for performance of Manager’s obligations
      under this Agreement. VYSTAR shall not assign or subcontract its rights, duties,
      or obligations under this Agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    7. Confidential
      Information; Ownership.

     

    (a) Each
      party shall treat as confidential all Confidential Information of the other
      party that comes to its knowledge through this Agreement. Each party shall
      take
      such steps to prevent disclosure of such Confidential Information to any third
      person as it would take in protecting its own proprietary or confidential
      information and shall not use any portion of such Confidential Information
      for
      any purpose not authorized herein. All Confidential Information of each party
      and any information containing a party’s Confidential Information shall at all
      times remain the exclusive property of that party.

     

    (b) No
      party
      shall be under any obligations with respect to any Confidential
      Information:

     

    (i) which
      is,
      at the time of disclosure, available to the general public;

     

    (ii) which
      becomes at a later date available to the general public through no fault on
      the
      part of such party and then only after such later date;

     

    (iii) which
      such party can demonstrate was in its possession before receipt from the other
      party; or

     

    (iv) which
      is
      disclosed to such party without restriction on disclosure by a third party
      who
      has the lawful right to disclose such information.

     

    (c) The
      confidentiality obligations of this Section 7 shall survive the termination
      of
      this Agreement.

     

    8. Independent
      Contractor.
      Manager
      is and shall remain at all times an independent contractor of VYSTAR in the
      performance of all Services hereunder, and all persons employed by Manager
      to
      perform such Services shall be and remain employees solely of Manager and
      subject only to the supervision of Manager’s supervisory personnel. With respect
      to Manager’s employees providing services under this Agreement, Manager shall be
      responsible for the payment of all salaries and benefits and all income taxes,
      social security taxes, employment compensation taxes and other employment taxes
      and withholdings with respect to such employees and all fringe benefits program
      expenses, such as insurance costs, pension or retirement plans, vacation, sick
      leave and similar matters, with respect to such employees. Manager shall be
      entitled to determine which of its employees shall provide the
      Services.

     

    9. Force
      Majeure.

     

    (a) Neither
      party shall be liable for any loss or damage for delay or non-performance under
      this Agreement resulting from the operation of any applicable law, rule,
      ordinance or regulation of any governmental entity or regulatory agency, or
      from
      any requirement or intervention of civil, naval or military authorities or
      other
      agencies of the government, or by reason of any other causes whatsoever not
      reasonably within the control of such party, including, but not limited to,
      acts
      of God, war, riot, insurrection, civil violence or disobedience, blockages,
      embargoes, sabotage, epidemics, fire, strikes, lock-outs or other industrial
      or
      labor disturbances, lightning, hurricanes, cyclonic storms, explosions and
      delay
      of carriers; provided, that the affected party notifies the other party promptly
      of the occurrence of the cause and thereafter exerts reasonable commercial
      efforts to overcome the cause of prevention and hindrance and to resume
      performance; and provided, further, that the settlement of strikes, lock-outs
      and other industrial or labor disturbances shall be entirely within the
      discretion of the affected party, and the affected party shall not be required
      to make settlement of strikes, lock-outs and other industrial or labor
      disturbances by acceding to the demands of any opposing third party or parties
      when such course is unfavorable in the affected party’s judgment.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (b) If
      Manager’s performance under this Agreement is suspended or rendered impractical
      by reason of any cause covered by subsection (a) of this Section 9
      (“Force
      Majeure”)
      for a
      period in excess of twenty (20) days, VYSTAR  shall have either the right
      to terminate this Agreement with respect to the disrupted Services immediately
      upon written notice to Manager or require that the Agreement continue in force
      for that period of time beyond the Term that such Force Majeure condition
      existed during the Term without incurring any obligation by VYSTAR for
      additional payment for Services by Manager. An event of Force Majeure shall
      not
      otherwise limit amounts payable for Services rendered on or prior to the actual
      date of the event of Force Majeure. 

     

    10. Limitation
      of Liability.
      Notwithstanding any other provision of this Agreement to the contrary, Manager
      shall not be liable to VYSTAR by reason of any error of omission or commission,
      performance or failure to perform or delay in performing any Services under
      this
      Agreement, for special, incidental or consequential damages, suffered by VYSTAR
      beyond a refund to VYSTAR of all charges paid and/or shares issued by VYSTAR
      to
      Manager for the Services that caused such damages, unless Manager shall have
      committed gross negligence or willful misconduct. The provisions of this Section
      10 shall survive termination of this Agreement.

     

    11. Manager’s
      Investment Representations.
      Manager
      hereby represents and warrants to and with VYSTAR that:

     

    (a) Manager
      will be acquiring the Shares for its own account as principal and not with
      a
      view to, or for sale in connection with, any distribution of all or any of
      such
      Shares. Manager hereby agrees that it will not, directly or indirectly, assign,
      transfer, offer, sell, pledge, hypothecate or otherwise dispose of all or any
      of
      such Shares (or solicit any offers to buy, purchase or otherwise acquire or
      take
      a pledge of any of such Shares) except in accordance with the registration
      provisions of the Securities Act of 1933 (the “Securities Act”) or an exemption
      from such registration provisions or any applicable securities laws.

     

    (b) Manager
      (i) is knowledgeable and experienced with respect to the financial, tax and
      business aspects of the ownership of investments such as the Shares and of
      the
      business contemplated by VYSTAR and is capable of evaluating the risks and
      merits of acquiring the Shares and in making a decision to proceed with this
      investment, has not relied on any representations, warranties or agreements
      of
      VYSTAR or others, and (ii) can bear the economic risk of an investment in Shares
      for an indefinite period of time and can afford to suffer the complete loss
      thereof.

     

    (c) Manager
      has evaluated the risks involved in investing in the Shares and has determined
      that the Shares are a suitable investment for Manager. Specifically, the
      aggregate amount of the investments the Manager has in, and Manager’s
      commitments to, all similar investments that are illiquid is reasonable in
      relation to Manager’s net worth, both before and after the acquisition of the
      Shares pursuant to this Agreement.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (d) Manager
      understands and acknowledges that the Shares have not been registered under
      the
      Securities Act or any state securities laws and are being offered and sold
      in
      reliance on exemptions provided in the Securities Act and state securities
      laws
      for transactions not involving any public offering and, therefore, cannot be
      resold or transferred unless they are subsequently registered under the
      Securities Act and such applicable state securities laws or unless an exemption
      from such registration is available. Manager also understands that VYSTAR does
      not have any obligation or intention to register the Shares for sale under
      the
      Securities Act or any state securities laws or of supplying the information
      which may be necessary to enable the Manager to sell Shares and that Manager
      has
      no right to require the registration of the Shares under the Securities Act,
      any
      state securities laws or other applicable securities regulations. 

    

    (e) Manager
      has no contract, understanding, agreement or arrangement with any person to
      sell, transfer or pledge to such person or anyone else any of the Shares which
      the Manager will acquire pursuant to this Agreement and that Manager has no
      present plans to enter into any such contract, undertaking, agreement or
      arrangement.

     

    12. Definitions.
      

     

    (a) “Affiliate”
      means, with respect to a Person, another Person who controls, is controlled
      by
      or is under common control with the first such Person.

     

    (b) “Confidential
      Information” means any and all information of either party that might reasonably
      be considered confidential, secret, sensitive, proprietary or private. To the
      extent practical, Confidential Information shall be marked “proprietary” or
“confidential.” Confidential Information shall include the
      following:

     

    (i) data,
      know-how, formulae, processes, designs, sketches, photographs, plans, drawings,
      specifications, samples, reports, lists, financial information, studies,
      findings, inventions and ideas, computer programs and software, or proprietary
      information relating to either party or the methods or techniques used by either
      party;

     

    (ii) data,
      documents or proprietary information employed in connection with the marketing
      and implementation of each party’s products, including cost information,
      business policies and procedures, revenues and markets, distributor and customer
      lists, and similar items of information; and

     

    (iii) any
      other
      data or information obtained by either party during the term of this Agreement
      which is not generally known to and not readily ascertainable by proper means
      by
      third persons who could obtain economic value from its use or
      disclosure.

     

    (c) “Control”
      means the ability, through stock ownership, contract, or otherwise, to control
      the business or officers of a Person.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (d) “Damages
      and Expenses” means costs, liabilities, and expenses incurred in investigating,
      defending, and paying settlements or judgments with respect to claims (including
      reasonable attorneys’ fees).

     

    (e) “Holiday”
      means for purposes of this Agreement, a day, other than a Saturday or Sunday,
      on
      which national banks with branches in the Commonwealth of Pennsylvania are
      or
      may elect to be closed.

     

    (f) “Person”
      means an individual or entity.

     

    (g) “Shares”
      means shares of common stock of VYSTAR, par value $.0001 dollars per share
      acquired by Manager pursuant to this Agreement.

     

    13. Miscellaneous.

     

    (a) Indulgences,
      Etc.
      Neither
      the failure nor any delay on the part of either party to exercise any right,
      remedy, power or privilege under this Agreement shall operate as a waiver
      thereof, nor shall any single or partial exercise of any right, remedy, power
      or
      privilege preclude any other or further exercise of the same or of any other
      right, remedy, power or privilege, nor shall any waiver of any right, remedy,
      power or privilege with respect to any occurrence be construed as a waiver
      of
      such right, remedy, power or privilege with respect to any other occurrence.
      No
      waiver shall be effective unless it is in writing and is signed by the party
      asserted to have granted such waiver.

     

    (b) Controlling
      Law.
      This
      Agreement and all questions relating to its validity, interpretation,
      performance and enforcement (including, without limitation, provisions
      concerning limitations of actions), shall be governed by and construed in
      accordance with the laws of the State of Delaware, notwithstanding any
      conflict-of-laws doctrines of any jurisdiction to the contrary, and without
      the
      aid of any canon, custom or rule of law requiring construction against the
      draftsman.

     

    (c) Notices.
      All
      notices, requests, demands and other communications required or permitted under
      this Agreement shall be in writing and shall be deemed to have been duly given,
      made and received only when delivered (personally, by courier service such
      FedEx
      or by other messenger) against receipt or upon actual receipt of registered
      or
      certified mail, postage prepaid, return receipt requested, addressed as set
      forth below:

     

    
      	
            	If
              to:	
              Manager

              
                Universal
                  Capital Management, Inc.

                2601
                  Annand Drive, Suite 16

                Wilmington,
                  DE 19808

                Attention:
                  Michael D.
                  Queen

              

            

    

    
      
         

        
          	
                	If
                  to:	
                  VYSTAR CORPORATION

                  3235
                    Satellite Blvd.

                  Building
                    400, Suite 290

                  Duluth,
                    GA 30096

                  Attention:
                    William R. Doyle

                

        

         

        
          
             

          

          
            6

            
              

            

          

          
             

          

        

      

    

     

    In
      addition, notice by mail shall be sent by a reputable international courier
      (such as FedEx) if posted outside of the continental United States. Any party
      may alter the address to which communications or copies are to be sent by giving
      notice of such change of address in conformity with the provisions of this
      subparagraph for the giving of notice.

    

    (d) Binding
      Nature of Agreement; No Assignment.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

     

    (e) Provisions
      Separable.
      The
      provisions of this Agreement are independent of and separable from each other,
      and no provision shall be affected or rendered invalid or unenforceable by
      virtue of the fact that for any reason any other or others of them may be
      invalid or unenforceable in whole or in part.

     

    (f) Entire
      Agreement.
      This
      Agreement contains the entire understanding among the parties hereto with
      respect to the subject matter hereof, and supersedes all prior and
      contemporaneous agreements and understandings, inducements or conditions,
      express or implied, oral or written, except as herein contained. The express
      terms hereof control and supersede any course of performance and/or usage of
      the
      trade inconsistent with any of the terms hereof. This Agreement may not be
      modified or amended other than by an agreement in writing.

     

    (g) Section
      Headings.
      The
      Section and subsection headings in this Agreement have been inserted for
      convenience of reference only; they form no part of this Agreement and shall
      not
      affect its interpretation.

     

    (h) Gender,
      Etc.
      Words
      used herein, regardless of the number and gender specifically used, shall be
      deemed and construed to include any other number, singular or plural, and any
      other gender, masculine, feminine or neuter, as the context indicates is
      appropriate.

     

    (i) Number
      of Days.
      In
      computing the number of days for purposes of this Agreement, all days shall
      be
      counted, including Saturdays, Sundays and Holidays; provided, however, that
      if
      the final day of any time period falls on a Saturday, Sunday or Holiday, then
      the final day shall be deemed to be the next day which is not a Saturday, Sunday
      or Holiday. 

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      Parties hereto have executed this Management Agreement 

     

     

    
      	
              VYSTAR
                Corporation

            	
              Universal
                Capital Management, Inc.

            
	
               

            	
               

            
	
               

            	
               

            
	
              By:
                _______________________________ 

            	
              By:
                ____________________________

            
	
               

              Name:
                William R. Doyle 

            	
               

              Name:
                Joseph T. Drennan

            
	
               

              Title:
                President and COO

            	
               

              Title:
                Vice President and CFO

            

    

    

    
      
         

      

      
        8

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