Document:

EXHIBIT
      10.2

     

    EMPLOYMENT
      AGREEMENT

     

    THIS
      EMPLOYMENT AGREEMENT (this “Agreement”) is entered into and made effective as of
      February 8, 2006 by and between MODTECH HOLDINGS, INC., a Delaware corporation
      (the “Company”), and Ronald Savona (“Executive”).

     

    R
      E C I T A L S

     

    WHEREAS,
      Executive has been serving as the Company’s Senior Vice President of Operations
      and Chief Operating Officer (COO).

     

    WHEREAS,
      the Company desires to retain the services of Executive on the terms and
      conditions provided herein, and Executive is willing to provide such services
      on
      such terms and conditions.

     

    A
      G R E E M E N T

     

    NOW,
      THEREFORE, in consideration of the foregoing premises and the mutual covenants
      of the parties contained herein, the parties agree as follows:

     

    1.  Term.
      This
      Agreement shall continue in full force and effect for a period which shall
      commence on February 8, 2006, and shall continue until December 31, 2006 (the
      “Term”), unless sooner terminated as hereinafter provided or extended by the
      mutual agreement of the parties. On December 31, 2006, and on each one-year
      anniversary of that date, this Agreement shall automatically be renewed for
      a
      period of one year, unless either party shall have given the other written
      notice of their intent not to renew this Agreement at least thirty (30)
      calendar days prior to the expiration of the Term or any extension.

     

    2.  Services
      and Exclusivity of Services.
      So long
      as this Agreement shall continue in effect, Executive shall devote Executive’s
      full business time, energy and ability exclusively to the business, affairs
      and
      interests of the Company and its direct and indirect subsidiaries
      (“Subsidiaries), and matters related thereto, shall use Executive’s best efforts
      and abilities to promote the Company’s interests, and shall perform the services
      contemplated by this Agreement in accordance with policies established by and
      under the direction of the Board of Directors of the Company (the “Board”) and
      the Chief Executive Officer of the Company (the “CEO”). Executive shall at all
      times perform Executive’s duties and obligations faithfully and diligently and
      to the best of Executive’s ability.

     

    Executive
      may make and manage personal business investments of Executive’s choice and
      serve in any capacity with any civic, educational or charitable organization
      without seeking or obtaining approval by the Board or the CEO, provided that
      such activities and services do not substantially interfere or conflict with
      the
      performance of duties hereunder or create any conflict of interest with such
      duties. An investment that exceeds five percent (5%) of the equity securities
      or
      capitalization of a competitor, supplier or customer of the Company shall be
      deemed to constitute such a conflict.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Executive
      represents to the Company that Executive has no other outstanding commitments
      inconsistent with any of the terms of this Agreement or the services to be
      rendered hereunder.

     

    3.  Duties
      and Responsibilities.
      Executive shall serve as the Senior Vice President of Operations and COO of
      the
      Company for the duration of this Agreement. In performance of Executive’s
      duties, Executive shall report directly to the CEO and shall be subject to
      such
      limits on Executive’s authority as the CEO or the Board may from time to time
      impose. Executive agrees to observe and comply with the rules and regulations
      of
      the Company as adopted by the Board respecting the performance of Executive’s
      duties and agrees to carry out and perform directions and policies of the
      Company, its CEO and its Board as they may be stated, either orally or in
      writing, from time to time. Executive shall have responsibilities, duties and
      authority consistent with Executive’s position as assigned by the CEO or the
      Board, including day to day leadership of the operations of the company,
      including all regional and corporate operational responsibilities.

     

    4.  Compensation,
      Benefits and Vacation.
      As
      compensation for the services provided by Executive hereunder, Executive shall
      be entitled to receive such compensation, benefits and vacation as set forth
      in
Exhibit
      A
      to this
      Agreement, subject to the terms and conditions of this Agreement, and subject
      to
      all appropriate shareholder approvals.

     

    5.  Expenses.
      During
      the Term hereof, Executive shall be entitled to receive prompt reimbursement
      of
      all reasonable expenses incurred by Executive (in accordance with the policies
      and procedures from time to time adopted by the Board for the Company’s senior
      officers) in performing the services contemplated hereunder, provided that
      Executive properly accounts therefor in accordance with the Company’s
      policies.

     

    6.  Termination.

     

    (a)  Death.
      Executive’s employment hereunder shall terminate immediately upon the death of
      Executive. In the event that Executive’s employment is terminated by reason of
      Executive’s death, the Company shall pay Executive’s estate or beneficiaries, as
      applicable, the following amounts, after deducting any amounts lawfully owing
      from Executive to the Company: (i) any Base Salary (as defined in Exhibit
      A
      to this
      Agreement or bonuses earned but unpaid through the date of termination; (ii)
      any
      vacation days accrued but unused prior to Executive’s termination; (iii) any
      expense reimbursements owed to Executive prior to Executive’s termination; and
      (iv) any unpaid vested amounts or benefits under the Company’s pension, deferred
      compensation or other benefit plans, subject to the terms and conditions of
      such
      plans (the items described in clauses (i) through (iv) of this sentence shall
      be
      referred to herein collectively as the “Standard Termination Benefits”). After
      such payments described in the preceding sentence, the Company shall have no
      further obligation to Executive or Executive’s estate or beneficiaries, as
      applicable, except to the extent that Executive’s estate or beneficiaries, as
      applicable, may be entitled to exercise any vested stock options granted to
      Executive as contemplated in Exhibit
      A
      to this
      Agreement or otherwise (subject to the terms and conditions of applicable option
      plans and/or option agreements).

     

    
      
        
        

      

      
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    (b)  Disability.
      In the
      event that Executive shall be unable to perform the services contemplated
      hereunder by reason of disability, illness or other incapacity for a period
      of
      at least 90 consecutive days or an aggregate of 120 days, whether or not
      consecutive, during any 12 month period (“Disability”), the Company may
      terminate Executive’s employment hereunder prior to the expiration of the Term.
      In the event that Executive’s employment is terminated by reason of Executive’s
      Disability, the Company shall pay Executive the Standard Termination Benefits
      (as defined above), after deducting any amounts lawfully owing from Executive
      to
      the Company. After such payments described in the preceding sentence, the
      Company shall have no further obligation to Executive, except to the extent
      that
      Executive may be entitled to exercise any vested stock options granted to
      Executive as contemplated in Exhibit
      A
      to this
      Agreement or otherwise (subject to the terms and conditions of applicable option
      plans and/or option agreements).

     

    (c)  By
      the Company, Without Cause.
      Executive’s employment hereunder may be terminated by the Company at any time
      prior to the expiration of the Term, for Cause (as defined below) or without
      Cause. 

     

    (d)  By
      the Company, For Cause.
      Executive’s employment hereunder may be terminated by the Company prior to the
      expiration of the Term for “Cause.” For the purposes of this Agreement, “Cause”
means (i) other than as a result of incapacity due to Executive’s
      Disability or Executive’s death, Executive’s failure or refusal to perform
      Executive’s duties or responsibilities or to follow the lawful directions of the
      CEO or the Board or Executive’s material breach of any of Executive’s duties and
      responsibilities under this Agreement or under the Company’s policies with
      respect to its employees or senior officers, in each case, after the Company
      provides Executive with written notice of such failure, refusal or breach and
      Executive fails to cure such failure, refusal or breach within 10 calendar
      days
      from the date of delivery of such notice to Executive; (ii) Executive’s
      conviction by, or entry of a plea of guilty or nolo contendere in, a court
      of
      competent jurisdiction for a felony, or any crime which, in the Company’s sole
      discretion, adversely affects the Company or its reputation in the community,
      or
      any crime which involves moral turpitude or is punishable by imprisonment;
      (iii) Executive’s commission of an act of fraud or embezzlement with
      respect to the Company or any personal dishonesty by Executive with respect
      the
      Company or Executive’s obligations to the Company; (iv) Executive’s
      violation of Executive’s duty of loyalty to the Company or Executive’s breach of
      Executive’s fiduciary duty to the Company; (v) Executive’s intentional or
      knowing failure to comply with, or violation of, or causing the Company to
      fail
      to comply with or violate, any laws or regulations applicable to the Company,
      including, without limitation, federal or state securities laws and regulations
      issued by the Internal Revenue Service; (vi) Executive becoming barred or
      prohibited by the Securities and Exchange Commission or another governmental
      entity or a securities exchange or quotation system upon which the Company’s
      securities are traded from holding Executive’s position with the Company; or
      (vii) Executive’s use of illegal drugs or other illegal substances.

     

    In
      the
      event that Executive is terminated by the Company for Cause, the Company shall
      pay Executive the Standard Termination Benefits (as defined above), after
      deducting any amounts lawfully owing from Executive to the Company. After such
      payments described in the preceding sentence, the Company shall have no further
      obligation to Executive, except to the extent that Executive may be entitled
      to
      exercise any vested stock options granted to Executive as contemplated in
Exhibit
      A
      to this
      Agreement or otherwise (subject to the terms and conditions of applicable option
      plans and/or option agreements).

     

    
      
        
        

      

      
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    (e)  By
      Executive.
      Executive shall be entitled to terminate Executive’s employment with the Company
      hereunder upon thirty (30) days prior written notice. In the event that
      Executive terminates Executive’s employment, the Company shall pay Executive the
      Standard Termination Benefits (as defined above), after deducting any amounts
      lawfully owing from Executive to the Company. After such payments described
      in
      the preceding sentence, the Company shall have no further obligation to
      Executive, except to the extent that Executive may be entitled to exercise
      any
      vested stock options granted to Executive as contemplated in Exhibit
      A
      to this
      Agreement or otherwise (subject to the terms and conditions of applicable option
      plans and/or option agreements).

     

    (f)  Form
      of Notice.
      Any
      termination of Executive’s employment by the Company or by Executive shall be
      communicated by written Notice of Termination to the other party hereto. For
      purposes of this Agreement, a “Notice of Termination” shall mean a notice which
      shall indicate the specific termination provision in this Agreement relied
      upon,
      shall set forth in reasonable detail the facts and circumstances claimed to
      provide a basis for termination of Executive’s employment under the provision so
      indicated, and shall set forth the date upon which such termination is effective
      (“Date of Termination”).

     

    7.  Compensation
      with respect to Terminations by Company without Cause or by Executive for
      Certain Reasons following Change of Control.
      In the
      event that (i) the Company terminates Executive’s employment without Cause
      (other than by reason of Executive’s death or Disability), or (ii) the Company
      declines to renew the Agreement at the expiration of the Term or any one year
      renewal thereof (other than for Cause or by reason of Executive’s death or
      Disability), or (iii) within one year following a Change of Control (as defined
      below), Executive terminates Executive’s employment due to a significant
      reduction in Executive’s duties, responsibilities and position relative to the
      duties, responsibilities and position of Executive immediately prior to such
      reduction (which such reduction continues without cure for a period of 30 days
      following Executive providing written notice to the CEO and the Board of such
      significant reduction), Executive shall be entitled to the following severance
      benefits (after deducting any amounts lawfully owing from Executive to the
      Company) upon execution by Executive of a general release (which must be
      acceptable to the Company) of any and all claims relating to or arising from
      Executive’s employment or termination of employment:

     

    (a)  Severance
      Payment.
      The
      Company shall pay to Executive in a lump sum payment in an amount equal to
      twelve (12) months of Executive’s Base Salary, less required withholding and
      deductions (the “Severance Payment”). The Severance Payment shall be made in
      full within thirty (30) days following the Date of Termination. Executive
      is not required to mitigate the amount of the Severance Payment by seeking
      other
      employment or otherwise, nor shall any compensation earned by Executive in
      other
      employment or otherwise reduce the amount of the Severance Payment.

     

    (b)  Pro-Rated
      Bonus.
      The
      Company shall pay Executive a pro-rated bonus for the period of time during
      which Executive was employed by the Company during the applicable bonus period
      (based on the number of days Executive worked during such period divided by
      365). Such pro-rated bonus shall be paid at such time as Executive would have
      otherwise received Executive’s bonus.

     

    
      
        
        

      

      
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    (c)  Stock
      Options.
      All
      stock options held by Executive shall cease vesting as of the effective date
      of
      Executive’s termination. Executive shall have the right to exercise vested stock
      options in accordance with the terms and conditions of the applicable option
      plan. 

     

    (d)  Medical
      Benefits.
      Provided that Executive timely elects continuation of Executive’s and
      Executive’s eligible dependents medical and dental insurance coverage under
      COBRA, and they remain eligible for the continuation of such coverage under
      COBRA, the Company will cause to be continued medical and dental coverage
      substantially equivalent to the coverage maintained by the Company or its
      Subsidiaries for Executive and Executive’s eligible dependents prior to
      Executive’s termination. The Company shall provide such coverage to Executive at
      no premium cost to Executive, and it shall provide such coverage to Executive’s
      eligible dependents under the same terms and conditions, including the
      requirement of premium contributions, as applicable to the Company’s senior
      officers in active employment status. Such coverage shall cease upon the
      earliest of the following events: (i) expiration twelve (12) months from
      the Date of Termination, or (ii) when Executive or Executive’s eligible
      dependents cease to qualify for such extension of coverage under
      COBRA.

     

    (e)  Other
      Payments.
      Executive shall be entitled to receive (i) any vacation days accrued but unused
      prior to Executive’s termination; (ii) any expense reimbursements owed to
      Executive prior to Executive’s termination; and (iii) any unpaid vested amounts
      or benefits under the Company’s pension, deferred compensation or other benefit
      plans, subject to the terms and conditions of such plans. After such payments
      described in this Section 7, the Company shall have no further obligation to
      Executive, except to the extent that Executive may be entitled to exercise
      any
      vested stock options granted to Executive as contemplated in Exhibit
      A
      to this
      Agreement or otherwise (subject to the terms and conditions of applicable option
      plans and/or option agreements).

     

    8.  Change
      of Control.
      For
      purposes of this Agreement, a “Change of Control” shall be deemed to have taken
      place if: (i) any person or entity or group of affiliated persons or
      entities, including a group which is deemed a “person” by Section
      13(d)(3) of the Securities Exchange Action of 1934, as amended (the
“Exchange Act”), after the date hereof first acquires in one or more
      transactions, at least one of which is after the date of this Agreement,
      Ownership (as defined below) of fifty percent (50%) or more of the outstanding
      shares of stock entitled to vote in the election of directors of the Company,
      and (ii) as a result of, or in connection with, any such acquisition or any
      related proxy contest, cash tender or exchange offer, merger or other business
      combination, sale of all or substantially all of the assets of the Company
      or
      any combination of the foregoing transactions, hereinafter referred to as a
      “Transaction,” the persons who were directors of the Company immediately before
      the Transaction shall cease to constitute three-fourths of the membership of
      the
      Board or any successor to the Company during the period commencing with the
      consummation of the Transaction and ending on the first to occur of the first
      anniversary of such date or the conclusion of the next meeting of shareholders
      to elect directors. For purposes of this Agreement, “Ownership” means beneficial
      or record ownership, directly or indirectly, other than (i) by a person
      owning such shares merely of record (such as a member of a securities exchange,
      a nominee, or a securities depository system); (ii) by a person as a bona
      fide pledge of shares prior to a default and determination to exercise powers
      as
      an owner of the shares, (iii) by a person who is not required to file
      statements on Schedule 13D by virtue of Rule 13d-1(b) of the Securities and
      Exchange Commission under the Exchange Act, or (iv) by a person who owns or
      holds shares as an underwriter acquired in connection with an underwritten
      offering pending and for purposes of their public resale or planned private
      placement in increments of less than such amount.

     

    
      
        
        

      

      
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    9.  Indemnification.
      The
      Company shall indemnify Executive to the fullest extent permitted by law, for
      all amounts, (including, without limitation, judgments, fines, settlement
      payments that the Company has expressly approved in writing, litigation expenses
      and attorneys’ fees), incurred or paid by Executive in connection with any
      action, suit, investigation or proceeding, or threatened action, suit,
      investigation or proceeding, arising out of or relating to the performance
      by
      Executive of services for, or the acting by Executive as a director, officer
      or
      employee of, the Company or any Subsidiary. Any fees or other necessary expenses
      incurred by Executive in defending any such action, suit, investigation or
      proceeding shall be paid by the Company in advance, subject to the Company’s
      right to seek repayment from Executive if a determination is made that Executive
      was not entitled to indemnity. During the Term of this Agreement and for twenty
      four (24) months following Executive’s Date of Termination, the Company or its
      successor shall maintain general liability and directors and officers liability
      insurance covering Executive for claims and other amounts set forth in this
      Section 9. Nothing in this Section 9 or elsewhere in this Agreement is intended
      to prevent the Company from indemnifying Executive to any greater extent than
      is
      required by this Section 9.

     

    10.  Proprietary
      Information.

     

    (a)  Confidential
      Information.
      As used
      in this Agreement “Confidential Information” means (i) information (A) that
      is not known by actual or potential competitors of Company or is not generally
      known to the public, (B) that has been created, discovered, developed, or
      otherwise become known to the Company, or in which property rights have been
      assigned or otherwise conveyed to the Company, and (C) that has economic
      value to the Company’s present or future business and (ii) trade secrets (as
      defined under California Civil Code Section 3426.1) and all other discoveries,
      developments, designs, improvements, inventions, formulas, methods, software
      programs, processes, techniques, marketing materials, know-how, data, research,
      technical data, customer lists (past and present), customer preferences,
      financial information, contacts, lead sources, marketing materials, and
      personnel information, and any modifications or enhancements of any of the
      foregoing, and all program, marketing, sales, personnel, or other financial
      or
      business information, disclosed to Executive by the Company, either directly
      or
      indirectly, in writing or orally or by drawings or observation, which has actual
      or potential economic value to the Company, its Subsidiaries, divisions and
      affiliates.

     

    (b)  Duty
      of Trust and Confidentiality.
      Executive’s employment with the Company creates a duty of trust and
      confidentiality to the Company with respect to the Confidential Information,
      or
      any other information: (a) related, applicable, or useful to the business
      of the Company, including its anticipated research and development; or
      (b) resulting from tasks assigned to Executive by the Company; or
      (c) resulting from the use of equipment, supplies, or facilities owned,
      leased, or contracted for by the Company; or (d) related, applicable, or
      useful to the business of any of the Company’s customers, which may be made
      known to Executive by the Company or by such customers, or learned by Executive
      during the course of Executive’s employment. Without limiting the generality of
      the foregoing, Executive agrees that while employed by the Company he will
      not
      divert or attempt to divert any business of the Company to any other competitive
      business by direct or indirect inducement or otherwise.

     

    
      
        
        

      

      
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    (c)  Nondisclosure
      of Proprietary Information.
      At all
      times, both during employment and after termination of employment, whether
      termination is voluntary or involuntary: (a) Executive will keep in
      strictest confidence and trust all Confidential Information; and
      (b) Executive will not disclose, use, or induce or assist in the use or
      disclosure of any Confidential Information without the Company’s prior express
      written consent, except as may be necessary in the ordinary course of performing
      Executive’s duties for the Company. Executive will take reasonable measures to
      prevent unauthorized persons or entities from having access to, obtaining,
      or
      being furnished with any Confidential Information.

     

    (d)  Confidential
      and Proprietary Information of Third Parties.
      The
      Company has received and in the future will receive from third parties their
      confidential or proprietary information, subject to a duty to maintain the
      confidentiality of such information and to use it only for certain limited
      purposes. Executive agrees to hold all such confidential or proprietary
      information in strictest confidence, and will not disclose, use, or induce
      or
      assist in the use or disclosure of any such confidential or proprietary
      information without the Company’s prior express written consent, except as may
      be necessary in the ordinary course of performing Executive’s job duties for the
      Company, consistent with its agreement with such third party.

     

    (e)  Return
      of Documents Upon Termination.
      All
      records, files, lists, drawings, documents, equipment and similar items relating
      to the Company’s business which Executive will prepare for or receive from the
      Company, during the course of Executive’s employment hereunder, shall remain the
      Company’s sole and exclusive property and Executive shall not acquire any
      interest therein. Upon termination of employment, and in any event at the
      request of the Company at any time, Executive shall promptly return to the
      Company all property of the Company in Executive’s possession and all documents,
      records, diskettes, hard drives, notebooks, work papers, and all similar
      material containing any Confidential Information, whether prepared by Executive,
      the Company or anyone else.

     

    (f)  Non-solicitation
      of Employees Following Termination.
      During
      the term of this Agreement and for a period of twenty-four (24) months after
      the
      termination of employment for any reason, whether for or without Cause,
      Executive shall not directly or indirectly, either alone or in concert with
      others, solicit or in any way entice any employee of or consultant to the
      Company to leave the Company or work for anyone in competition with the
      Company.

     

    (g)  Non-solicitation
      of Customers Following Termination.
      During
      the term of this Agreement and for a period of twenty-four (24) months after
      the
      termination of employment for any reason, whether for or without Cause,
      Executive shall not directly or indirectly, either alone or in concert with
      others, (a) contact any of the customers of the Company for the purpose of
      soliciting, inducing or encouraging such customers to divert or direct their
      business away from the Company, or (b) in any way attempt to disrupt the
      relationship between the Company and any of its customers, vendors or
      suppliers.

     

    
      
        
        

      

      
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    (h)  Reasonableness
      of Restrictions; Equitable Remedies.
      Executive agrees that the periods of restriction and the geographical areas
      of
      restriction imposed by the provisions of this Agreement are fair and reasonable
      and are reasonably required for the protection of the Company. Executive agrees
      that irreparable injury will result to the Company from Executive’s violation of
      any of the provisions set forth in Sections 10(a) through 10(g) of
      this Agreement. Executive expressly agrees that the Company will be entitled,
      in
      addition to damages and any other remedies provided by law, to an injunction
      or
      other equitable remedy respecting any such violation or continued
      violation.

     

    11.  Parachute
      Payments.
      Notwithstanding anything to the contrary in this Agreement, if any payment
      or
      benefit Executive would receive from the Company pursuant to this Agreement
      or
      otherwise (“Payment”) would (i) constitute a “parachute payment” within the
      meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
      “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by
      Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to
      the Reduced Amount. The “Reduced Amount” shall be either (1) the largest portion
      of the Payment that would result in no portion of the Payment being subject
      to
      the Excise Tax or (2) the Payment or a portion thereof after payment of the
      applicable Excise Tax, whichever amount after taking into account all applicable
      federal, state and local employment taxes, income taxes and the Excise Tax
      (all
      computed at the highest applicable marginal rate), results in Executive’s
      receipt, on an after-tax basis, of the greatest amount of the Payment. If a
      reduction in payments or benefits constituting “parachute payments” is necessary
      so that the Payment equals the Reduced Amount, reduction shall occur in the
      order of payments Executive elects in writing, provided,
      however,
      that
      such election shall be subject to Company approval if made on or after the
      date
      on which the event that triggers the Payment occurs. The Company’s principal
      outside accounting firm will make all determinations hereunder and shall provide
      its calculations, together with detailed supporting documentation, to the
      Company and Executive within fifteen (15) calendar days after the date on which
      Executive’s right to a Payment is triggered (if requested at that time by the
      Company or Executive) or such other time as requested by the Company or
      Executive. If the accounting firm determines that no Excise Tax is payable
      with
      respect to a Payment, either before or after the application of the Reduced
      Amount, it shall furnish the Company and Executive with an opinion reasonably
      acceptable to Executive that no Excise Tax will be imposed with respect to
      such
      Payment. The Company shall be entitled to rely upon the accounting firm’s
      determinations, which shall be final and binding on all persons.

     

    12.  Taxes
      and Deductions.
      Executive agrees and acknowledges that any and all payments and compensation
      (in
      any form) that Company makes or pays to Executive pursuant to this Agreement
      shall be subject to withholding taxes, employment taxes and such other
      deductions as the Company determines to be required by applicable law.

     

    13.  General
      Provisions.

     

    (a)  Any
      notice, request, demand or other communication required or permitted hereunder
      shall be deemed to be properly given when personally served in writing, when
      deposited in the United States mail, postage prepaid, addressed to the Company
      or Executive at their respective last known address, or when hand delivered
      to
      the intended recipient. Either party may change its address by written notice
      given in accordance with this subparagraph.

     

    
      
        
        

      

      
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    (b)  This
      Agreement shall inure to the benefit of and shall be binding upon the parties
      hereto and their respective executors, administrators, successors and assigns;
      provided,
      however,
      that
      Executive may not assign any or all of Executive’s rights or duties hereunder
      without the prior written consent of the Company.

     

    (c)  This
      Agreement is made and entered into, is to be performed primarily within, and
      shall be governed by and construed in all respects in accordance with the laws
      of the State of California.

     

    (d)  Captions
      and Section headings used herein are for convenience only and are not a part
      of
      this Agreement and shall not be used in interpreting or construing
      it.

     

    (e)  Should
      any provision of this Agreement for any reason be declared invalid, void, or
      unenforceable by a court of competent jurisdiction, the validity and binding
      effect of any remaining portions shall not be affected, and the remaining
      portions of this Agreement shall remain in full force and effect as if this
      Agreement had been executed with said provision eliminated.

     

    (f)  This
      Agreement contains the entire agreement of the parties, and supersedes any
      and
      all other agreements, either oral or in writing, between the parties hereto
      with
      respect to the employment of Executive by the Company. Each party to this
      Agreement acknowledges that no representations, inducements, promises or
      agreements, oral or otherwise, have been made by any party, or anyone acting
      on
      behalf of any parry, which are not embodied herein, and that no other agreement,
      statement or promise not contained herein shall be relied upon or be valid
      or
      binding. This Agreement may not be modified or amended by oral agreements,
      but
      only by an agreement in writing signed by the Company, on the one hand, and
      by
      Executive, on the other hand.

     

    (g)  If
      any
      legally actionable controversy, claim or dispute arises, which cannot be
      resolved by mutual discussion between Executive and the Company, each agrees
      to
      resolve that dispute through binding arbitration before an arbitrator
      experienced in employment law. The arbitration shall be conducted by a single
      arbitrator, in Riverside County, California, administered by the American
      Arbitration Association under its employment arbitration rules. The Company
      and
      Executive further agree that this agreement includes any disputes that the
      Company may have against Executive, or that Executive may have against the
      Company and/or its related entities and/or employees, arising out of or relating
      to Executive’s employment or termination of employment or this Agreement or the
      breach, termination, enforcement, interpretation or validity thereof, including
      determination of the scope or applicability of this agreement to arbitrate.
      This
      agreement to arbitrate includes all common law and statutory claims that may
      arise from the Agreement or termination of the Agreement, including but not
      limited to, claims for breach of contract, breach of an implied covenant of
      good
      faith and fair dealing, wrongful termination, failure to pay wages or other
      compensation, and harassment, discrimination or retaliation in alleges violation
      of state and/or federal discrimination statutes. The Company and Executive
      further agree that this is the exclusive and binding remedy for all such
      disputes and will be used instead of any court action, which is hereby expressly
      waived, except for any request by either party for temporary or preliminary
      injunctive relief pending arbitration in accordance with applicable law or
      an
      administrative claim with an administrative agency. Judgment on the award
      rendered by the arbitrator may be entered in any court having competent
      jurisdiction.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    (h)  This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original for all purposes. This Agreement may be executed by a party’s
      signature transmitted by facsimile (“fax”), and copies of this Agreement
      executed and delivered by means of faxed signatures shall have the same force
      and effect as copies hereof executed and delivered with original signatures.
      All
      parties hereto agree that a faxed signature page may be introduced into evidence
      in any proceeding arising out of or related to this Agreement as if it were
      an
      original signature page.

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      and delivered as of the date first above written. 

     

    By: 
      /s/ David M. Buckley

    
      
        

      

    

    David
      M.
      Buckley

    Chief
      Executive Officer, Modtech Holdings, Inc.

     

     

    By: 
      /s/ Ronald Savona

    
      
        

      

    

    Ronald
      Savona

    Senior
      Vice President Operations and

    Chief
      Operating Officer, Modtech Holdings, Inc.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    
      EXHIBIT
        A

       

      COMPENSATION,
        BENEFITS AND VACATION

      

        Base
          Salary.
          During
          the Term, the Company shall pay Executive a base salary at the annual rate
          of
          not less than $230,000. Base salary shall be payable in accordance with
          the
          usual payroll practices of the Company. Executive's base salary shall be
          subject
          to annual review by the Board or the Company's Compensation Committee
          ("Compensation Committee) during the Term and may be increased, but not
          decreased, from time to time by the Board or the Compensation Committee.
          The
          base salary as determined as aforesaid from time to time shall constitute
          "Base
          Salary" for purposes of this Agreement.

        

        Incentive
          Compensation.
          

        

        (a)
          Bonus.
          Executive shall be eligible to participate in any annual bonus plans, including
          incentive, performance and discretionary, the Company may implement at
          any time
          during the Term for senior executives at a level commensurate with his
          position.

        

        (b)
          Equity
          Compensation.
          Subject
          to any required stockholder approval and in accordance with the Company's
          2002
          Stock Option Plan, as amended, Executive shall be entitled to a grant of
          35,550
          shares of restricted stock which will vest on July 1, 2008, a grant of
          35,550
          shares of restricted stock which will vest on July 1, 2009 and a grant
          of 35,550
          shares of restricted stock which will vest on July 1, 2010. There shall
          be no
          partial vesting of the shares in any of the three grants prior to their
          vesting
          dates. Executive shall have no rights of ownership in any of the shares
          in any
          grant prior to the vesting date for such grant and Executive shall forfeit
          all
          rights to the shares in any grant if Executive's employment with the Company
          terminates for any reason, with or without cause, prior to the vesting
          date for
          such grant. 

        

        Executive
          shall be eligible to participate at a level commensurate with his position
          in
          such other equity compensation programs including, without limitation,
          stock
          option grants or additional grants of restricted stock as the Board or
          Compensation Committee may determine.

        

        (c)
          Long
          Term Compensation. For each fiscal year or portion thereof during the Term,
          Executive shall be eligible to participate in any long-term incentive
          compensation plan generally made available to senior executives of the
          Company
          at a level commensurate with his position in accordance with and subject
          to the
          terms of such plan. 

        

        (d)
          Other
          Compensation. The Company may, upon recommendation of the Compensation
          Committee, award to the Executive such other bonuses and compensation as
          it
          deems appropriate and reasonable. 

        

        Employee
          Benefits and Vacation. 

        

        (a)
          During the Term, Executive shall be entitled to participate in all benefit
          plans
          and arrangements and fringe benefits and perquisite programs generally
          provided
          to comparable senior executives of the Company. 

        

        (b)
          During the Term, Executive shall be entitled to vacation each year in accordance
          with the Company's policies in effect from time to time, but in no event
          less
          than four (4) weeks paid vacation per calendar year. The Executive shall
          also be
          entitled to such periods of sick leave as is customarily provided by the
          Company
          for its senior executive employees.

      

    

     

    
      
        
        

      

      A-1EXHIBIT
      10.1

    

    

    BASIC
      CARE NETWORKS, INC.

    DIRECTORS
      AND OFFICERS INDEMNIFICATION AGREEMENT

    

    

    THIS
      DIRECTORS AND OFFICERS INDEMNIFICATION AGREEMENT is entered into, effective
      as
      of February __, 2006 by and between Basic Care Networks, Inc., a Delaware
      corporation (the "Company"), and ___________________
      ("Indemnitee").

    

    WHEREAS,
      it is essential to the Company to retain and attract as directors and officers
      the most capable persons available;

    

    WHEREAS,
      Indemnitee is a director and/or officer of the Company; and

    

    WHEREAS,
      in recognition of Indemnitee's need for substantial protection against personal
      liability in order to enhance Indemnitee's continued and effective service
      to
      the Company, and in order to induce Indemnitee to provide services to the
      Company as a director and/or officer, the Company wishes to provide in this
      Agreement for the indemnification of and the advancing of expenses to Indemnitee
      to the fullest extent (whether partial or complete) permitted by Delaware law
      and as set forth in this Agreement, and, to the extent insurance is maintained,
      for the coverage of Indemnitee under the Company's directors' and officers'
      liability insurance policies.

    

    NOW,
      THEREFORE, in consideration of the above premises and of Indemnitee's continuing
      to serve the Company directly or, at its request, with another enterprise,
      and
      intending to be legally bound hereby, the parties agree as follows:

    

    1.
       Certain
      Definitions.

     

    (a) “Board”
      shall mean the Board of Directors of the Company.

     

    (b) “Change
      In Control” shall be deemed to have occurred if (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 "Act")), other than a trustee or other fiduciary holding securities
      under an employee benefit plan of the Company or a corporation owned directly
      or
      indirectly by the stockholders of the Company in substantially the same
      proportions as their ownership of stock of the Company (collectively "excluded
      persons"), is or becomes the "Beneficial Owner" (as defined in Rule 13d-3 under
      the Act), directly or indirectly, of securities of the Company representing
      30%
      or more of the total voting power represented by the Company's then outstanding
      Voting Securities, or (ii) during any period of two consecutive years,
      individuals who at the beginning of such period constitute the Board and any
      new
      director whose election by the Board or nomination for election by the Company's
      stockholders was approved by a vote of at least two-thirds (2/3) of the
      directors then still in office who either were directors at the beginning of
      the
      period or whose election or nomination for election was previously so approved,
      cease for any reason to constitute a majority of the Board, or (iii) the
      stockholders of the Company approve a merger or consolidation of the Company
      with any other corporation, other than a merger or consolidation that 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) at least 50% of the total voting power
      represented by the Voting Securities of the Company or such surviving entity
      outstanding immediately after such merger or consolidation, or (iv) the
      stockholders of the Company approve a plan of complete liquidation of the
      Company or an agreement for the sale or disposition by the Company (in one
      transaction or a series of transactions) of all or substantially all of the
      Company's assets.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

       

     (c) “Expenses”
      shall mean any expense, liability, or loss, including attorneys' fees,
      judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid
      in settlement, any interest, assessments, or other charges imposed thereon,
      and
      any federal, state, local, or foreign taxes imposes as a result of the actual
      or
      deemed receipt of any payments under this Agreement, paid or incurred in
      connection with investigating, defending, being a witness in, or participating
      in (including on appeal), or preparing for any of the foregoing in, any
      Proceeding relating to any Indemnifiable Event.

     

    (d)
      “Indemnifiable
      Event” shall mean any event or occurrence that takes place either prior to or
      after the effective date of this Agreement, related to the fact that Indemnitee
      is or was a director or an officer of the Company, or while a director or
      officer is or was serving at the request of the Company as a director, officer,
      employee, trustee, agent, or fiduciary of another foreign or domestic
      corporation, partnership, joint venture, employee benefit plan, trust, or other
      enterprise, or was a director, officer, employee, or agent of a foreign or
      domestic corporation that was a predecessor corporation of the Company or of
      another enterprise at the request of such predecessor corporation, or related
      to
      anything done or not done by Indemnitee in any such capacity. 

     

    (e) “Independent
      Counsel” shall mean the person or body appointed in connection with Section 3 of
      this Agreement.

     

    (f) “Potential
      Change In Control” shall be deemed to have occurred if (i) the Company enters
      into an agreement or arrangement, the consummation of which would result in
      the
      occurrence of a Change in Control, (ii) any person (including the Company)
      publicly announces an intention to take or to consider taking actions that,
      if
      consummated, would constitute a Change in Control, (iii) any person (other
      than
      an Excluded Person) who is or becomes the Beneficial Owner, directly or
      indirectly, of securities of the Company representing 10% or more of the
      combined voting power of the Company's then outstanding Voting Securities,
      increases his beneficial ownership of such securities by 5% or more over the
      percentage so owned by such person on the date hereof, or (iv) the Board adopts
      a resolution to the effect that, for purposes of this Agreement, a Potential
      Change in Control has occurred.

     

    (g)
      “Proceeding”
      shall mean (i) any threatened, pending, or complete action, suit, or proceeding,
      whether civil, criminal, administrative, investigative, or other, or (ii) any
      inquiry, hearing, or investigation, whether conducted by the Company or any
      other party, that Indemnitee in good faith believes might lead to the
      institution of any such action, or proceeding.

     

    (h) “Reviewing
      Party” shall mean the person or body appointed in accordance with Section 3 of
      this Agreement.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

      

      (i) “Voting
      Securities” shall mean any securities of the Company that vote generally in the
      election of directors.

     

      2.
       Agreement
      to Indemnify.

    

     (a)
      General
      Agreement.
      In the
      event Indemnitee was, is, or becomes a party to or witness or other participant
      in, or is threatened to be made a party to or witness or other participant
      in, a
      Proceeding by reason of (or arising in part out of) an Indemnifiable Event,
      the
      Company shall indemnify Indemnitee from and against any and all Expenses to
      the
      fullest extent permitted by law, as the same exists or may hereafter be amended
      or interpreted (but in the case of any such amendment or interpretation, only
      to
      the extent that such amendment or interpretation permits the Company to provide
      broader indemnification rights than were permitted prior thereto).

     

    (b)
      Initiation
      Of Proceeding.
      Notwithstanding anything in this Agreement to the contrary, Indemnitee shall
      not
      be entitled to indemnification pursuant to this Agreement in connection with
      any
      Proceeding initiated by Indemnitee against the Company or any director or
      officer of the Company unless (i) the Company has joined in or the Board has
      consented to the initiation of such Proceeding, (ii) the Proceeding is one
      to
      enforce indemnification rights under Section 4, or (iii) the Proceeding is
      instituted after a Change in Control and Independent Counsel has approved its
      initiation.

     

    (c)
      Expense
      Advances.
      If so
      requested by Indemnitee, the Company shall advance (within ten business days
      of
      such request) any and all Expenses to Indemnitee (an "Expense Advance");
      provided that such request shall be accompanied by reasonable evidence of the
      expenses incurred by Indemnitee and that, if and to the extent that the
      Reviewing Party determines that Indemnitee would not be permitted to be so
      indemnified under applicable law, the Company shall be entitled to be reimbursed
      by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
      theretofore paid. If Indemnitee has commenced legal proceedings in a court
      of
      competent jurisdiction to secure a determination that Indemnitee should be
      indemnified under applicable law, as provided in Section 4, any determination
      made by the Reviewing Party that Indemnitee would not be permitted to be
      indemnified under applicable law shall not be binding and Indemnitee shall
      not
      be required to reimburse the Company for any Expense Advance until a final
      judicial determination is made with respect thereto (as to which all rights
      of
      appeal therefrom have been exhausted or have lapsed).

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

      

     (d) Mandatory
      Indemnification.
      Notwithstanding any other provision of this Agreement (other than Section 2(f)
      below), to the extent that Indemnitee has been successful on the merits in
      defense of any Proceeding relating in whole or in part to an Indemnifiable
      Event
      or in defense of any issue or matter therein, Indemnitee shall be indemnified
      against all Expenses incurred in connection therewith.

     

    (e)
      Partial
      Indemnification.
      If
      Indemnitee is entitled under any provision of this Agreement to indemnification
      by the Company for some or a portion of Expenses, but not, however, for the
      total amount thereof, the Company shall nevertheless indemnify Indemnitee for
      the portion thereof to which Indemnitee is entitled.

     

    (f) Prohibited
      Indemnification.
      No
      indemnification pursuant to this Agreement shall be paid by the Company on
      account of any Proceeding in which judgment is rendered against Indemnitee
      for
      an accounting of profits made from the purchase or sale by Indemnitee of
      securities of the Company pursuant to the provisions of Section 16(b) of the
      Act
      or similar provisions of any federal, state or local laws.

    

      3.
       Reviewing
      Party.

    

       Prior
      to
      any Change in Control, the Reviewing Party shall be any appropriate person
      or
      body consisting of a member or members of the Board or any other person or
      body
      appointed by the Board who is not a party to the particular Proceeding with
      respect to which Indemnitee is seeking indemnification; after a Change in
      Control, the Reviewing Party shall be the Independent Counsel referred to below.
      With respect to all matters arising after a Change in Control (other than a
      Change in Control approved by a majority of the directors on the Board who
      were
      directors immediately prior to such Change in Control) concerning the rights
      of
      Indemnitee to indemnity payments and Expense Advances under this Agreement
      or
      any other agreement or under applicable law or the Company's Amended and
      Restated Certificate of Incorporation or bylaws now or hereafter in effect
      relating to indemnification for Indemnifiable Events, the Company shall seek
      legal advice only from Independent Counsel selected by Indemnitee and approved
      by the Company and who has not otherwise performed services for the Company
      or
      the Indemnitee (other than in connection with indemnification matters) within
      the last five years. The Independent Counsel shall not include any person who,
      under the applicable standards of professional conduct then prevailing would
      have a conflict of interest in representing either the Company or Indemnitee
      in
      an action to determine Indemnitee's rights under this Agreement. Such counsel,
      among other things, shall render its written opinion to the Company and
      Indemnitee as to whether and to what extent the Indemnitee should be permitted
      to be indemnified under applicable law. The Company agrees to pay the reasonable
      fees of the Independent Counsel and to indemnify fully such counsel against
      any
      and all expenses (including attorney's fees), claims, liabilities, loss, and
      damages arising out of or relating to this Agreement or the engagement of
      Independent Counsel pursuant hereto.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

      4.
       Indemnification
      Process and Appeal.

    

     (a) Suit
      to Enforce Rights.
      Regardless of any action by the Reviewing Party, if Indemnitee has not received
      full indemnification within 60 days after making a request in accordance with
      Section 2(c), Indemnitee shall have the right to enforce its indemnification
      rights under this Agreement by commencing litigation, in any appropriate court
      having subject matter jurisdiction thereof and in which venue is proper, seeking
      an initial determination by the court or challenging any determination by the
      Reviewing Party or any aspect thereof, provided, however, that such 60-day
      period shall be extended for reasonable time, not to exceed another 60 days,
      if
      the reviewing party in good faith requires additional time for the obtaining
      or
      evaluating of documentation and information relating thereto. The Company hereby
      consents to service of process and to appear in any such proceeding. Any
      determination by the Reviewing Party not challenged by the Indemnitee shall
      be
      binding on the Company and Indemnitee. The remedy provided for in this Section
      4
      shall be in addition to any other remedies available to Indemnitee in law or
      equity.

     

    (b) Defense
      to Indemnification, Burden of Proof, and Presumptions.
      It
      shall be a defense to any action brought by Indemnitee against the Company
      to
      enforce this Agreement (other than an action brought to enforce a claim for
      Expenses incurred in defending a Proceeding in advance of its final disposition
      where the required undertaking has been tendered to the Company) that is not
      permissible under applicable law for the Company to indemnify Indemnitee for
      the
      amount claimed. In connection with any such action or any determination by
      the
      Reviewing Party or otherwise as to whether Indemnitee is entitled to be
      indemnified hereunder, the burden of proving such a defense or determination
      shall be on the Company. Neither the failure of the Reviewing Party or the
      Company (including its Board, independent legal counsel, or its stockholders)
      to
      have made a determination prior to the commencement of such action by Indemnitee
      that indemnification of the claimant is proper under the circumstances because
      Indemnitee has met the standard of conduct set forth in applicable law, nor
      an
      actual determination by the Reviewing Party or Company (including its Board,
      independent legal counsel, or its stockholders) that the Indemnitee had not
      met
      such applicable standard of conduct, shall be a defense to the action or create
      a presumption that the Indemnitee has not met the applicable standard of
      conduct. For purposes of this Agreement, the termination of any claim, action,
      suit, or proceeding, by judgment, order, settlement (whether with or without
      court approval), conviction, or upon a plea of nolo contendere, or its
      equivalent shall not create a presumption that Indemnitee did not meet any
      particular standard of conduct or have any particular belief or that a court
      has
      determined that indemnification is not permitted by applicable law.

    

      5. Indemnification
      For Expenses Incurred In Enforcing Rights.

    

       The
      Company shall indemnify Indemnitee against any and all Expenses and, if
      requested by Indemnitee, shall (within ten business days of such request),
      advance such Expenses to Indemnitee, that are incurred by Indemnitee in
      connection with any claim asserted against or covered action brought by
      Indemnitee for (i) indemnification of Expenses or Expense Advances by the
      Company under this Agreement or any other agreement or under applicable law
      or
      the Company's Amended and Restated Certificate of Incorporation or bylaws now
      or
      hereafter in effect relating to indemnification for Indemnifiable Events, and
      or
      (ii) recovery under directors' and officers' liability insurance policies
      maintained by the Company, regardless of whether Indemnitee ultimately is
      determined to be entitled to such indemnification, Expense Advances,
      or

    insurance
      recovery, as the case may be.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

      6.
       Notification
      And Defense Of Proceeding.

    

    (a) Notice.
      Promptly after receipt by Indemnitee of notice of the commencement of any
      Proceeding, Indemnitee shall, if a claim in respect thereof is to be made
      against the Company under this Agreement, notify the Company of the commencement
      thereof, but the omission so to notify the Company will not relieve the Company
      from any liability that it may have to Indemnitee, except as provided in Section
      6(c).

     

    (b)
      Defense.
      With
      respect to any Proceeding as to which Indemnitee notifies the Company of the
      commencement thereof, the Company shall be entitled to participate in the
      Proceeding at its own expense and except as otherwise provided below, to the
      extent the Company so wishes, it may assume the defense thereof with counsel
      reasonably satisfactory to Indemnitee. After notice from the Company to
      Indemnitee of its election to assume the defense of any Proceeding, the Company
      shall not be liable to Indemnitee under this Agreement or otherwise for any
      Expenses subsequently incurred by Indemnitee in connection with the defense
      of
      such Proceeding other than reasonable costs of investigation or as otherwise
      provided below. Indemnitee shall have the right to employ his or her own legal
      counsel in such Proceeding, but all Expenses related thereto incurred after
      notice from the Company of its assumption of the defense shall be at
      Indemnitee's expense unless: (i) the employment of legal counsel by Indemnitee
      has been authorized by the Company, (ii) Indemnitee has reasonably determined
      that there may be a conflict of interest between Indemnitee and the Company
      in
      the defense of the Proceeding, (iii) after a Change in Control, the employment
      of counsel by Indemnitee has been approved by the Independent Counsel, or (iv)
      the Company shall not in fact have employed counsel to assume the defense of
      such Proceeding, in each of which case all Expenses of the Proceeding shall
      be
      borne by the Company. The Company shall not be entitled to assume the defense
      of
      any Proceeding brought by or on behalf of the Company or as to which Indemnitee
      shall have made the determination provided for in (ii) above.

     

    (c) Settlement
      of Claims.
      The
      Company shall not be liable to indemnify Indemnitee under this Agreement or
      otherwise for any amounts paid in settlement of any Proceeding effected without
      the Company's written consent, provided, however, that if a Change in Control
      has occurred, the Company shall be liable for indemnification of Indemnitee
      for
      amounts paid in settlement if the Independent Counsel has approved the
      settlement. The Company shall not settle any Proceeding in any manner that
      would
      impose any penalty or limitation on Indemnitee without Indemnitee's written
      consent. The Company shall not be liable to indemnify the Indemnitee under
      this
      Agreement with regard to any judicial award if the Company was not given a
      reasonable and timely opportunity, at its expense, to participate in the defense
      of such action; the Company's liability hereunder shall not be excused if
      participation in the Proceeding by the Company was barred by this
      Agreement.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    7. Non-Exclusivity.

    

       The
      rights of Indemnitee hereunder shall be in addition to any other rights
      Indemnitee may have under the Company's Amended and Restated Certificate of
      Incorporation, bylaws, applicable law, or otherwise. To the extent that a change
      in applicable law (whether by statute or judicial decision) permits greater
      indemnification by agreement than would be afforded currently under the
      Company's Amended and Restated Certificate of Incorporation, bylaws, applicable
      law, or this Agreement, it is the intent of the parties that Indemnitee enjoy
      by
      this Agreement the greater benefits so afforded by such change.

    

    8. Liability
      Insurance.

    

       To
      the
      extent the Company maintains an insurance policy or policies providing
      directors' and officers' liability insurance, Indemnitee shall be covered by
      such policy or policies, in accordance with its or their terms, to the maximum
      extent of the coverage available for any Company director or
      officer.

    

     9.
       Amendment
      of this Agreement.

    

       No
      supplement, modification, or amendment of this Agreement shall be binding unless
      executed in writing by both of the parties hereto. No waiver of any of the
      provisions of this Agreement shall operate as a waiver of any other provisions
      hereof (whether or not similar), nor shall such waiver constitute a continuing
      waiver. Except as specifically provided herein, no failure to exercise or any
      delay in exercising any right or remedy hereunder shall constitute a waiver
      thereof.

    

    10.
       Subrogation.

    

       In
      the
      event of payment under this Agreement, the Company shall be subrogated to the
      extent of such payment to all of the rights of recovery of Indemnitee, who
      shall
      execute all papers required and shall do everything that may be necessary to
      secure such rights, including the execution of such documents necessary to
      enable the Company effectively to bring suit to enforce

    such
      rights.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

     11.
       No
      Duplication Of Payments.

    

       The
      Company shall not be liable under this Agreement to make any payment in
      connection with any claim made against Indemnitee to the extent Indemnitee
      has
      otherwise received payment (under any insurance policy, bylaw, or otherwise)
      of
      the amounts otherwise indemnifiable hereunder.

    

     12. Binding
      Effect.

    

       This
      Agreement shall be binding upon and inure to the benefit of and be enforceable
      by the parties hereto and their respective successors (including any direct
      or
      indirect successor by purchase, merger, consolidation, or otherwise to all
      or
      substantially all of the business and/or assets of the Company), assigns,
      spouses, heirs, and personal and legal representatives. The indemnification
      provided under this Agreement shall continue as to Indemnitee for any action
      taken or not taken while serving in an indemnified capacity pertaining to an
      Indemnifiable Event even though he or she may have ceased to serve in such
      capacity at the time of any Proceeding.

    

     13. Severability.

    

       If
      any
      provision (or portion thereof) of this Agreement shall be held by a court of
      competent jurisdiction to be invalid, void, or otherwise unenforceable, the
      remaining provisions shall remain enforceable to the fullest extent permitted
      by
      law. Furthermore, to the fullest extent possible, the provisions of this
      Agreement (including, without limitation, each portion of this Agreement
      containing any provision held to be invalid, void, or otherwise unenforceable,
      that is not itself invalid, void, or unenforceable) shall be construed so as
      to
      give effect to the intent manifested by the provision held invalid, void, or
      unenforceable.

    

     14.
       Governing
      Law.

    

       This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of Delaware applicable to contracts made and to be performed
      in such state without giving effect to the principles of conflicts of
      laws.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

     15. Notices.

    

       All
      notices, demands, and other communications required or permitted hereunder
      shall
      be made in writing and shall be deemed to have been duly given if delivered
      by
      hand, against receipt, or mailed, postage prepaid, certified or registered
      mail,
      return receipt requested, and addressed to the Company at:

    

    Basic
      Care Networks, Inc.

    4270
      Promenade Way, Suite 226

    Marina
      Del Rey, California 90292

    Attn:
      Chief Executive Officer

    Fax:
      310-821-5411

    

       Notice
      of
      change of address shall be effective only when given in accordance with this
      Section. All notices complying with this Section shall be deemed to have been
      received on the date of delivery or on the third business day after
      mailing.

    

     16. Counterparts;
      Facsimile Signatures.

    

       This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) with the same
      force and effect as if such facsimile signature page were an original
      thereof.

    

    

      IN
      WITNESS WHEREOF, the parties hereto have duly executed and delivered this
      Indemnification Agreement as of the day specified above.

    

    
      
        	 	 	 
	 	BASIC
                CARE
                NETWORKS, INC.
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                
Robert
                Goldsamt
	 	
                Chief
                  Executive Officer

              

      

    
      	 	 	 
	 	INDEMNITEE:
	 
 	 
 	 
 
	 	 	 
	 	
              
Title 

 

    
      
        
        

      

      
        9

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