Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Nilam Resources Inc. - Exhibit 10.1

 

 

 

MINERAL PROPERTY 
PURCHASE AND SALE AGREEMENT

 

 

BETWEEN

NILAM RESOURCES INC.

AND

PATRICIA SHORE

 

 

 

Dated as of the 1st day of March 2006.

PURCHASE AND SALE AGREEMENT

THIS AGREEMENT made as of the 1st day of March, 2006

AMONG:

NILAM RESOURCES INC., a company
existing under the laws of the State of Nevada and having its head office at
#503- 2 Camden St. Toronto, Ontario, Canada, M5V-1V1 (“Nilam”)

AND:

PATRICIA SHORE., an individual
residing and doing business at #818- 470 Granville St. Vancouver, British
Columbia, Canada V6C-1V5 (the “Vendor”)

WHEREAS:

	A. 	
      The Vendor holds, directly or indirectly, interests in
      certain mineral exploration claims located in the province of British
      Columbia;

	 	 
	B. 	
      The Vendor wishes to sell and Nilam wishes to purchase a
      100% interest in the Property on the terms and conditions contained in
      this Agreement.

In consideration of the premises, covenants and agreements
contained in this Agreement, the parties covenant and agree each with the other
as follows:

1.      INTERPRETATION

1.1    Definitions

For the purposes of this Agreement and the recitals in and
Schedule to this Agreement, unless the context otherwise requires, the following
words and phrases will have the meanings indicated below:

	 	(a) 	
      “Agreement” means this Agreement including the recitals
      and Schedule hereto, which are incorporated by this reference, as amended
      and supplemented;

	 	 	 
	 	(b) 	
      “Property” means the mineral exploration claims located
      in the Province of British Columbia, Canada and listed in Schedule 1
      hereto;

	 	 	 
	 	(c) 	
      “Purchase Price” means the $3,000, US Dollars, purchase
      price for the Property as contemplated in this Agreement;

	 	 	 
	 	(d) 	
      “The Vendor” means Patricia Shore, an individual residing
      in the Province of British Columbia, Canada.

	 	 	 
	 	(e) 	
      “Nilam” means Nilam Resources Inc., a company
      incorporated and existing under the laws of
Nevada;

1.2    Interpretation

In this Agreement, except as otherwise expressed or provided or
as the context otherwise requires:

	 	(a) 	
      the headings and captions are provided for convenience
      only and will not form a part of this Agreement, and will not be used to
      interpret, define or limit the scope, extent or intent of this Agreement
      or any of its provisions; and

	 	 	 
	 	(b) 	
      a reference to time or date is to the local time or date
      in Toronto, Ontario, Canada, unless specifically indicated
    otherwise;

1.3    Amendment

No amendment, waiver, termination or variation of the terms,
conditions, warranties, covenants, agreements and undertakings set out herein
will be of any force or effect unless the same is reduced to writing duly
executed by all parties hereto in the same manner and with the same formality as
this Agreement is executed.

1.4    Waiver

No waiver of any of the provisions of this Agreement will
constitute a waiver of any other provision (whether or not similar) and no
waiver will constitute a continuing waiver unless otherwise expressly
provided.

1.5    Schedules

The following Schedules are attached hereto and form a part
hereof:

	Schedule 	Subject 
	  	  
	1 	Description of Property 
	2 	Claim Map 

1.6    Currency

All dollar ($) references in this Agreement are to United
States dollars.

2.      PURCHASE AND SALE

2.1    Purchase and Sale

Subject to the terms and conditions of this Agreement and based
on the representations and warranties contained in this Agreement, Nilam hereby
offers to purchase the Property from the Vendor and the Vendor hereby agrees to
sell the Property to Nilam.

2

2.2    Consideration

In consideration for the sale by the Vendor to Nilam of the
Property, Nilam will pay the Purchase Price for the Property to the Vendor on
the Closing date.

3.      REPRESENTATIONS AND
WARRANTIES

3.1    Representations and Warranties of The
Vendor

The Vendor represents and warrants to and in favour of the
Nilam as follows and acknowledges that Nilam is relying upon such
representations and warranties in consummating the transactions contemplated by
this Agreement:

	 	(a) 	
      This Agreement has been duly executed and delivered by
      the Vendor and constitutes a valid and binding obligation of the Vendor in
      accordance with its terms;

	 	 	 
	 	(b) 	
      Schedules 1 and 2 hereto contain an accurate and complete
      description of the Property;

	 	 	 
	 	(c) 	
      No person has any agreement or option or any right or
      privilege (whether by law, pre-emptive or contractual) capable of becoming
      an agreement or option for the purchase from the Vendor of any interest in
      the Property;

	 	 	 
	 	(d) 	
      The entering into, execution, delivery and performance by
      the Vendor of this Agreement will not violate or contravene or conflict
      with or result in a breach of or default or give rise to any right of
      termination, acceleration, cancellation or modification under any of the
      terms and conditions of any contract, agreement, commitment, arrangement
      or understanding pursuant to which the Vendor holds or has acquired its
      interest in the Property or any other contract, agreement, commitment,
      arrangement, understanding or restriction, written or oral, to which the
      Vendor is a party or by which it is bound;

	 	 	 
	 	(e) 	
      To the best of the knowledge of the Vendor after due
      enquiry, there are no legal conflicts of any nature and no investigations
      or legal or administrative affairs pending against the Vendor in
      connection with the Property or for any other cause and there is no
      pending or threatened decree, decision, sentence, injunction, order or
      award of any court, arbitral tribunal or governmental authority or any
      action, procedure, arbitration, administrative or judicial investigation,
      actual or threatened, with respect to the Vendor or the
Property;

	 	 	 
	 	(f) 	
      The Vendor holds all right, title and interest in and to
      the Property, and the Property is free of any lien, claim, pledge,
      privilege, levy, lease, sublease or rights of any person and other than
      government royalties, government work requirements and other conditions
      imposed by a governmental authority;

3.2    Representations and Warranties of
Nilam

Nilam represents and warrants to and in favour of the Vendor as
follows and acknowledges that the Vendor are relying upon such representations
and warranties in consummating the transactions contemplated by this
Agreement:

	 	(a) 	
      Nilam is a corporation duly incorporated and validly
      subsisting and in good standing in the State of
Nevada;

3

	 	(b) 	
      Nilam has the corporate power and authority to enter into
      this Agreement and to perform its obligations hereunder;

	 	 	 
	 	(c) 	
      The execution and delivery of this Agreement and the
      completion of the transactions contemplated herein will constitute a valid
      and binding obligation of Nilam enforceable against it in accordance with
      its terms;

	 	 	 
	 	(d) 	
      The entering into, execution, delivery and performance by
      the Nilam of this Agreement will not violate or contravene or conflict
      with or result in a breach of or default or give rise to any right of
      termination, acceleration, cancellation or modification under any of the
      terms and conditions of any contract, agreement, commitment, arrangement,
      understanding or restriction, written or oral, to which Nilam is a party
      or by which it is bound or under the constating documents or directors’ or
      shareholders’ resolutions of Nilam;

4.      CLOSING

4.1    Time and Place of Closing

The closing (the “Closing”) of this Agreement will take place
at the offices of Nilam at 12:00 p.m. (Toronto, Ontario time) on March 1,
2006.

4.2    Closing Documents

At Closing, the parties hereto will table the following
documents:

	 	(a) 	
      Documents of The Vendor: The Vendor will table for
      delivery to Nilam title transfer documents relating to the Property in a
      form acceptable to Nilam’s legal counsel.

	 	 	 
	 	(b) 	
      Documents of Nilam. Nilam will table for delivery
      to the Vendor a certified check, or a check issued from an attorney’s
      trust account for $3,000 made payable to the Vendor or its
  agents.

5.      TERMINATION

5.1    Mutual Termination

This Agreement may, prior to Closing, be terminated by the
parties hereto by mutual agreement in writing notwithstanding anything contained
herein.

6.      GENERAL PROVISIONS

6.1    Time of Essence

Time is and will be of the essence of each and every provision
of this Agreement.

6.2    Finder’s Fees and Brokers’
Commission

Each of the parties hereto represents to the other that it has
not incurred any liability for any finders’ fee or brokers’ commission in
connection with the execution of this Agreement or the consummation of the
transactions contemplated herein.

4

6.3    Expenses

Nilam will be responsible for all fees and expenses in
connection with the preparation, execution and delivery of this Agreement and
the preparation and completion of all other agreements, documents, approvals and
transactions contemplated by this Agreement.

6.4    Further Assurances

Each of the parties hereto will, whether before or after
Closing and at the expense of Nilam, execute and deliver all such further
documents and instruments, give all such further assurances, and do all such
acts and things as may reasonably be required to carry out the full intent and
meaning of this Agreement.

6.5    Entire Agreement

This Agreement and the Schedule hereto contain the whole
agreement among the parties hereto in respect of the subject matter hereof and
supersedes and replaces all prior negotiations, communications and
correspondence between the parties hereto. There are no warranties,
representations, terms, conditions or collateral agreements, express or implied,
statutory or otherwise, among the Vendor and Nilam other than as expressly set
forth in this Agreement and the Schedule hereto.

6.6    Enurement

This Agreement will enure to the benefit of and be binding upon
each of the parties hereto and their respective successors, liquidators and
permitted assigns.

6.7    Assignment

No party hereto may assign any of its right, title or interest
in, to or under this Agreement, nor will any such purported assignment be valid
amongst the parties hereto, except with the prior written consent of all parties
hereto, such consent not to be unreasonably withheld.

6.8    Governing Law

This Agreement will be construed and interpreted in accordance
with the laws of the Province of Ontario, Canada and the laws of Canada
applicable therein. The parties hereto irrevocably attorn to the jurisdiction of
the arbitrators and courts of the Province of Ontario, Canada and the venue for
any actions or arbitrations arising out of this Agreement will be Toronto,
Ontario Canada.

6.9    Notices

All notices, payments, and other required communications
(“Notices”) to the parties hereto shall be in writing and shall be addressed
respectively as follows:

	 	(a) 	If to Nilam: 
	 	 	 
	 	  	           
             Nilam Resources Inc. 
	 		                 
      #503-2 Camden St, Toronto, Ontario, Canada, M5V-1V1 
	 	 	 
	 	  	           
             If to the Vendor: 
	 	 	 
	 	(b) 	           
             Patricia Shore 
	 	  	           
             #818-470 Granville St. Vancouver, British
      Columbia, Canada V6C-1V5 

5

All notices shall be given (i) by personal delivery to the
party by leaving a copy at the place specified for notice with a receptionist or
an apparently responsible individual, or (ii) by electronic facsimile
communication. All notices will be effective and will be deemed delivered (i) if
by personal delivery, on the date of delivery if delivered during normal
business hours and, if not delivered during normal business hours, on the next
business day following delivery, and (ii) if by electronic communication, on the
next business day following receipt of the electronic communication. A party
hereto may change its address for notice by notice to the other party.

6.10   Counterparts

This Agreement, and any certificates or other writing delivered
in connection herewith, may be executed in any number of counterparts with the
same effect as if all parties hereto had all signed the same documents, and all
such counterparts will be construed together and will constitute one and the
same instrument. The execution of this Agreement and any other writing by any
party hereto or thereto will not become effective until counterparts hereof or
thereof, as the case may be, have been executed by all the parties hereto or
thereto, and executed copies delivered to each party who is a party hereto or
thereto. Such delivery may be made by facsimile transmission of the execution
page or pages, hereof or thereof, to each of the other parties by the party
signing the particular counterpart, provided that forthwith after such facsimile
transmission, an originally executed execution page or pages is forwarded by
prepaid express courier to the other party by the party signing the particular
counterpart.

The parties hereto have executed and delivered this Agreement
as of the date first written above.

 

NILAM RESOURCES INC.

 

 

Per:   /S/ “Karamjit
Gill”                      
         KARAMJIT
GILL
         Director,
President

 

/S/ “Patricia
Shore”                    
PATRICIA
SHORE.

6

Schedule 1

Description of Property

  	Claim Name 	Tenure # 	Units 	Mining Division 	Co-ordinates 	Expiry Date 
	  	  	  	  	  	  
	Lucky Strike 	530018 	 6 	Similkameen Mining 	LAT49 31 55 N 	March 14, 2007 
	  	  	  	Division 	LOG 120 26 18 W 	  

7

Schedule 2

Claim map

 

 

 

8Exhibit
10.12

CONFIDENTIAL

March 17,
2004

Dear Ajay:

It has been a real
pleasure discussing the opportunities ahead for Raining Data Corporation. We
believe that you have the background and experience that we need to help us
grow in our new directions, and we are pleased to offer you a position with
Raining Data Corporation (the “Company”) as its Vice President and General
Manager, Enterprise Applications Group. In that regard, the following are the
details of this offer of employment:

Title

Your title will be
Vice President and General Manager, Enterprise Applications Group. In this
position, you will report directly to me.

Base Compensation

Your initial annual base salary will be $175,000, paid
in accordance with the Company’s normal payroll procedures. Your base salary
shall be subject to review at the end of each year of your employment, and any
adjustment will be a function of performance, which I will evaluate.

Incentive Bonus

Additionally, you will be entitled to an incentive
bonus of up to fifty percent (50%) of your base salary based on your meeting
certain Revenue (50% of eligible bonus) and Management Business Objectives
(MBOs) (50% of eligible bonus) as are mutually agreed upon. The Target for the
Fiscal Year Ended March 31, 2005, as discussed and agreed to, will be $2.6
million in recognized U.S. G.A.A.P. Revenue, which is directly attributed to
your efforts and the efforts of the Enterprise Applications Group. The MBOs for
your first year of employment shall be mutually established, after you have
been employed by the Company for a reasonable period of time, but no later than
three (3) months. Falling short of achieving 100% of the Revenue and MBO
target, as measured individually and separately, would result in a factor being
applied to the maximum potential bonus as per the following schedule:

 

	
  % of Revenue
  or MBOs Target

  	
   

  	
  Earned Factor

  
	
  60%

  	
   

  	
  0.25

  
	
  70%

  	
   

  	
  0.30

  
	
  80%

  	
   

  	
  0.35

  
	
  90%

  	
   

  	
  0.40

  
	
  100%

  	
   

  	
  1.00

  

 

Stock Options

At the first Board
meeting following your acceptance of employment and actual start date, you will
be granted a stock option, which shall be, to the extent possible under the rule of
Section 422(d) of the Internal Revenue Code of 1986, as amended (the “Code”),
an “incentive stock option” (as defined in Section 422 of the Code) to
purchase 150,000 shares of the Company’s Common Stock, at an exercise price
equal to the then NASDAQ market price as of the close of the markets on the day
of that Board meeting.

Twenty-five
percent (25%) of the shares subject to the above option shall vest one year after
your start date and 1/36th of the remaining shares subject to the option
shall vest monthly thereafter, so that the option shall be fully vested and
exercisable four years from your start date, subject to your continued service
to the Company on the relevant vesting dates. In all other respects the option
shall be subject to the terms, definitions and provisions of the Company’s
Stock Plan and the stock option agreement by and between you and the Company,
both of which documents are incorporated herein by reference.

Change of Control, Additional
Accelerated Vesting and Related Items

In addition to the
vesting schedule as set forth above, in the event you are terminated as a
result of an Involuntary Termination other than for Cause or Disability within
12 months after a Change of Control, one hundred percent (100%) of the Shares
subject to the above option shall be vested upon the date of such termination,
provided that you sign a general release in
a commercially customary form prescribed by the Company, which releases
and discharges all known and unknown claims that you may have against the
Company or persons and entities affiliated with the Company, and a covenant not
to sue or prosecute any legal action or proceeding based upon such claims. For
the purposes of this paragraph, the following terms shall have the following
meanings:

 2
 

A)           “Cause” shall mean

(i)                                     Gross
and willful failure to perform services:

(ii)                                  Conviction
of, or a plea of “guilty” or “no contest” to, a felony under the laws of the
United States or any state thereof, if such felony either is work-related or
materially impairs your ability to perform services for the Company:

(iii)                               A
material breach of fiduciary duty, including fraud, embezzlement, dishonesty or
any intentional action that materially injures the Company as determined in
good faith by the Company’s Board of Directors;

(iv)                              Death;

(v)                                 A
material breach of the Confidential Information Agreement.

In all of the
foregoing cases, the Company shall provide written notice to you indicating in
reasonable detail the event or circumstances that constitute Cause under this
Agreement, and the Company will provide you with forty-five days to cure such
breach or failure prior to termination for Cause. During such 45-day cure
period, the Company may place you on unpaid leave.

B)             “Change in Control”
shall mean (i) any “person” (as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) who becomes the “beneficial owner” (as defined in Rule 13d-3
of the Exchange Act), directly or indirectly, of securities of the Company
representing fifty percent (50%) or more of the total voting power represented
by the Company’s then outstanding voting securities, provided, however, that
Change in Control shall not include any change resulting from any capital
financings of the Company; or (ii) the consummation of the sale or
disposition by the Company of all or substantially all of the Company’s assets;
or (iii) the consummation of a merger or consolidation of the Company with
any other corporation, other than a merger or consolidation which would result
in the voting securities of the company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity or its parent) at least fifty
percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity or its parent outstanding immediately
after such merger or consolidation.

C)             “Disability” shall
mean that you physically or mentally are unable regularly to perform your
duties hereunder for a period in excess of sixty (60) consecutive days or more
than ninety (90) days in any consecutive twelve (12) month period. The 

 3
 

                         Company
shall make a good faith determination of whether you are physically or mentally
unable to regularly perform your duties subject to its review and consideration
of any physical and/or mental health information provided to it by you.

D)            “Involuntary
Termination” shall mean (i) without your express written consent, the
substantial reduction your duties or responsibilities relative to your duties
or responsibilities in effect immediately prior to such reduction; provided,
however, that a reduction in duties or responsibilities solely by virtue of the
Company being acquired and made part of a larger entity (as, for example, when
the Vice President of Company remains as such following a Change of Control and
is not made the Vice President of the acquiring corporation)  shall not constitute an “Involuntary
Termination”; (iii) without your express written consent, a material
reduction by the Company in your base compensation as in effect immediately
prior to such reduction; (iv) a material reduction by the Company in the
kind or level of employee benefits package is significantly reduced; (v) your
relocation to a facility or a location more than 50 miles from your then
present location, without your express written consent; (vi) any purported
termination of you by the Company which is not effected for death or Disability
or for Cause; or (vii) the failure of the Company to obtain the assumption
of this agreement by any successors.

Severance

If your employment is terminated for any reason other
than for Cause prior to the first 12 months from your start date, you shall
continue to receive your then basic salary for three months following the date
of your termination (the “Severance Period”). If you obtain other employment
during the Severance Period, the total amount of your earnings from other
sources will be deducted from your severance payments. You agree to notify the
Company of other employment during the Severance Period, and provide the
Company with complete information regarding your earnings.

If your employment
is terminated for any reason other than Cause after your first 12 months of
service, you shall continue to receive your then basic salary for six months
following the date of your termination subject to the credit for other earnings
described above.

Your receipt of
the severance benefits described above will be contingent upon your signing a general release in a commercially customary
form prescribed by the Company, which releases and discharges all known and
unknown claims that you may have against the Company or persons and entities
affiliated with the Company, and a covenant not to sue or prosecute any legal
action or proceeding based upon such claims. Additionally, your receipt of the
severance benefits described above also will be contingent upon your compliance
with the noncompetition and nonsolicitation obligations set forth below, and
your obligations under the Company’s Employment Confidential Information,
Invention Assignment, and Arbitration Agreement.

 4
 

Noncompetition
and Nonsolicitation

During the
severance periods described above, you agree that you will not, directly or
indirectly, engage in (whether as an employee, consultant, proprietor, partner,
director or otherwise) or have any ownership interest in, or participate in the
financing operation, management, control of, any person, firm, corporation or
business that engages in any business activity that is competitive with the
Company (or of any Affiliated Company), provided, however, that nothing
contained in this paragraph shall be construed to prohibit you from purchasing
and owning (directly or indirectly) up to one percent (1%) of the capital stock
or other securities of any corporation or other entity whose stock or
securities are traded on any national or regional securities exchange or the
national over-the-counter market and such ownership shall not constitute a
violation of this paragraph.

Additionally, for a period of one (1) year
following the termination of your employment for any reason, you agree that you
will not, directly or indirectly, (A) divert or attempt to divert from the
Company (or any Affiliated Company) any business of any kind in which it is
engaged, including, without limitation, the solicitation of or interference
with any of its suppliers or customers; or (B) solicit, hire, recruit, or
employ any person or entity who is employed by or has a contractual
relationship with the Company, or encourage any person or entity who is
employed by or has a contractual relationship with the Company to terminate
their employment or contractual relationship with the Company.

Benefit Plans

You shall be entitled to participate, to the extent
permitted by law, in the medical insurance plans and other benefits offered by
the Company. You should note that the Company reserves the right to cancel or
change the benefit plans and programs it offers to its employees at any time.

Vacation

You shall also be
eligible to receive three weeks of paid time-off per year, which, if unused,
shall accrue in accordance with the Company’s standard benefit policies.

Start Date

We hope that you will be able to start with the
Company as soon as possible. However, in any case your start date will be on or
prior to April 12, 2004.

The Company is
excited about your joining and looks forward to a beneficial and fruitful
relationship. Nevertheless, you should be aware that your employment with the
Company is for no specific period and constitutes at-will employment. As a
result, you are free to resign at any time, for any reason or for no reason. Similarly,
the Company is free to conclude its employment relationship with you at any
time, with or without cause and with at least one-

 5
 

month notice. We
request that, in the event of resignation, you give the Company at least one
month’s notice. You understand and agree that neither your job performance nor
promotions, commendations, bonuses or the like from the Company give rise to or
in any way serve as the basis for modification, amendment, or extension, by
implication or otherwise, of your employment with the Company.

Miscellaneous

For purpose of
federal immigration law, you will be required to provide to the Company
documentary evidence of your identity and eligibility for employment in the
United States. Such documentation must be provided to the Company within three (3) business
days of your date of hire, or our employment relationship with you may be
terminated.

This Agreement and
all benefits due you hereunder shall inure to the benefit of, and be
enforceable by, your personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.

We also ask that,
if you have not already done so, you disclose to the Company any and all
agreements relating to your prior employment that may affect your eligibility
to be employed by the Company or limit the manner in which you may be employed.
It is the Company’s understanding that any such agreements will not prevent you
from performing the duties of your position and you represent that such is the
case.

You agree that you
will not enter into any agreements with another entity that requires you to be
an employee or consultant, in name or duties, during your employment with the
Company. Moreover, you agree that, during the term of your employment with the
Company, you will not engage in any other employment, occupation, consulting or
other business activity directly related to the business in which the Company
is now involved or become involved during the term of your employment, nor will
you engage in any other activities that conflict with your obligations to the
Company. Similarly, you agree not to bring any third party confidential
information to the Company, including that of your former employer, and that in
performing your duties for the Company you will not in any way utilize any such
information.

As a Company
employee, you will be expected to abide by Company rules and standards. You
will be specifically required to sign an acknowledgment that you have read and
that you understand the Company’s rules of conduct with are included in
the Company Handbook. As a condition of your employment, you are also required
to sign and comply with an Employment, Confidential Information, Invention
Assignment and Arbitration Agreement which requires, among other provisions,
the assignment of patent rights to any invention made during your employment at
the Company, and non-disclosure of Company proprietary information. In the
event of any dispute or claim relating to or arising out of your employment
relationship, you and the Company agree that (i) any and all disputes
between you and the Company shall be fully and finally resolved by binding
arbitration, (ii) you are waiving any and all rights to a jury trial but
all court remedies will be available in arbitration, 

 6
 

(iii) all
disputes shall be resolved by a neutral arbitrator who shall issue a written
opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the
Company shall pay all arbitration fees, excluding attorneys fees and legal
costs. Please note that we must receive your signed Agreement before your first
day of employment.

This letter shall
be governed by the internal substantive laws, but not the choice of law rules,
of the State of California.

In the event that
any provision hereof becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable, or void, this letter shall continue
in full force and effect without such provision. In the event that there is any
conflict between this offer letter and your Stock Option Plan or Stock Option
Agreement, this offer letter will govern.

To indicate your acceptance of the Company’s offer,
please sign and date this letter in the space provided below. A duplicate
original is enclosed for your records. This letter, along with any agreements
relating to proprietary rights between you and the Company, sets forth the
terms of your employment with the Company and supersedes any prior
representations or agreements including, but not limited to, any representation
made during your recruitment, interviews or pre employment negotiations,
whether written or oral. This letter, including, but not limited to, its
at-will employment provision, may not be modified or amended except by a
written agreement signed by the Company’s Chief Executive Officer and you. This
offer of employment will terminate if it is not accepted, signed and returned
by March 29, 2004, or unless otherwise withdrawn by the Company prior to
your acceptance.

Ajay, we all look
forward to working with you at Raining Data, and believe that your contributions
will be significant in moving the Company into its new market opportunities.

Best regards,

 

Carlton H. Baab

President & CEO

Raining Data Corporation

AGREED AND ACCEPTED:

	
   

  	
   

  	
   

  
	
  Ajay Ramachandran

  	
   

  	
  Date

  

 

	
  

  
	
  Start Date

  

 

 7

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