Document:

Exhibit 10.1

                                SENIOR EXECUTIVE
                                ----------------
                              EMPLOYMENT AGREEMENT
                              --------------------

     THIS SENIOR  EXECUTIVE  EMPLOYMENT  AGREEMENT  (the  "Agreement")  is to be
effective as of March 20, 2006 by and between  DECKERS  OUTDOOR  CORPORATION,  a
Delaware corporation (the "Company"), and PETER K. WORLEY (the "Executive").

                                   ARTICLE I
                                 DUTIES AND TERM

     1.1 EMPLOYMENT.  In  consideration of their mutual  covenants,  Executive's
continued employment with the Company and other good and valuable consideration,
the receipt,  adequacy,  and  sufficiency of which is hereby  acknowledged,  the
Company agrees to enter into this Agreement with the Executive, who is currently
an employee of the Company on an "at will" basis,  and the  Executive  agrees to
enter into this Agreement and remain in the employ of the Company upon the terms
and conditions herein provided and in accordance with all applicable  employment
rules of the Company.

     1.2 POSITION AND  RESPONSIBILITIES.  The Executive will serve as Teva Brand
President, and will report to the Chief Executive Officer and President.

     1.3 TERM. The term of the Executive's  employment under this Agreement will
commence on the effective date of this Agreement as first written above and will
continue,  unless sooner terminated,  until December 31, 2007. Employment of the
Executive  is at will and will  continue  until such time as  written  notice of
termination is given by the Company or written notice is given by the Executive.

     1.4  AT-WILL  EMPLOYMENT.  Executive  will  continue  to be  employed as an
at-will  employee of the Company.  Subject to the provisions of Articles III and
IV, as an at-will employee,  Executive is free to terminate  his/her  employment
with the Company at any time,  for any  reason,  and the Company has the similar
right to terminate Executive's employment at any time, for any reason.  Although
the  Company  may  choose  to  terminate   Executive's   employment  for  cause,
Executive's employment is at-will and cause is not required.

     1.5 REVIEW OF AGREEMENT. It is the parties intention that the terms of this
Agreement will be reviewed  prior to December 31, 2007 to determine  whether any
modifications  are appropriate.  This review of the Agreement terms may occur at
an earlier  or later  date,  is not  mandatory  and does not impose any  binding
obligations on either party.

                                   ARTICLE II
                                  COMPENSATION

     For all  services  rendered by the  Executive  in any  capacity  during the
Executive's  employment  under this  Agreement,  the Company will compensate the
Executive as follows:

     2.1 BASE SALARY.  Effective  as of March 20, 2006,  and for a period of two
(2) years  thereafter,  the  Company  will pay to the  Executive  an annual base
salary of TWO HUNDRED  TWENTY FIVE  THOUSAND  DOLLARS  ($225,000)  to be paid in
equal  installments in accordance with the Company's general payment policies in
effect  during the term  hereof  (the "Base  Salary").  Executive's  annual base
salary may be reviewed prior to December 31, 2007 and appropriate adjustments to
salary  implemented.  If Executive's annual base salary is not revised effective
January 1, 2008,  his/her existing salary will continue on a monthly basis until
changed.  This  provision  does not alter  the  at-will  nature  of  Executive's
employment or the provisions of Articles III and IV below.

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     2.2 INCENTIVE  BONUS. The Executive shall be eligible to receive a targeted
annual  bonus  based  on  performance   criteria  established  annually  by  the
Compensation Committee (the "Incentive Bonus"). The Incentive Bonus criteria for
the year ending December 31, 2006 is set forth on Exhibit A hereto.

     2.3 STOCK  COMPENSATION.  The Executive may be granted  options to purchase
shares of Company Common Stock or Restricted  Stock Units to purchase  shares of
Company  Common Stock in accordance  with the Company's  Stock Option Plan.  Any
grants must be approved by the Compensation Committee.

     2.4 ADDITIONAL  BENEFITS.  The Executive will be entitled to participate in
all benefit and welfare programs,  plans, and arrangements that are from time to
time made available to the Company's like-level executive employees.

                                  ARTICLE III
                            TERMINATION OF EMPLOYMENT

     3.1 GENERAL.  While Executive is an at-will employee as provided at Section
1.3 above, the following  conditions for termination of employment are set forth
in order to determine  the nature of  Executive  compensation  entitlement  upon
termination  of  employment  as  discussed  in  Article  IV below.  Neither  the
provisions  of  Article  III or  Article IV of this  Agreement  shall  alter the
at-will nature of Executive's employment with the Company.

     3.2 DEATH OR RETIREMENT OF EXECUTIVE. The Executive's employment under this
Agreement will automatically  terminate upon the death or Retirement (as defined
in Section 6.1) of the Executive.

     3.3 BY EXECUTIVE.  The Executive may terminate the  Executive's  employment
under this Agreement by giving Notice of Termination  (as defined in Section 6.1
hereof) to the Company:

     (a) for Good Reason (as defined in Section 6.1 hereof); and

     (b) at any time without Good Reason.

     3.4 BY COMPANY. The Company may terminate the Executive's  employment under
this Agreement by giving Notice of Termination to the Executive:

     (a) in the event of Executive's Total Disability (as defined in Section 6.1
hereof);

                                      -2-
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     (b) for Cause (as defined in Section 6.1 hereof); and

     (c) at any time without Cause.

                                   ARTICLE IV
                   COMPENSATION UPON TERMINATION OF EMPLOYMENT

     If the Executive's  employment hereunder is terminated,  in accordance with
the  provisions  of Article  III  hereof,  and  except  for any other  rights or
benefits  specifically  provided  for  herein  to  be  effective  following  the
Executive's  period of  employment,  the Company will provide  compensation  and
benefits to the Executive only as follows:

     4.1 UPON TERMINATION FOR DEATH OR DISABILITY. If the Executive's employment
hereunder is terminated by reason of the Executive's  death or Total Disability,
the Company will:

     (a) pay the Executive (or the Executive's estate) or beneficiaries any Base
Salary  that  has  accrued  but was not  paid as of the  termination  date  (the
"Accrued Base Salary");

     (b) pay the  Executive (or the  Executive's  estate) or  beneficiaries  for
unused  vacation days accrued as of the  termination  date in an amount equal to
the Executive's  Base Salary  multiplied by a fraction the numerator of which is
the number of accrued unused  vacation days and the  denominator of which is 260
(the "Accrued Vacation Payment");

     (c) reimburse the Executive (or the  Executive's  estate) or  beneficiaries
for expenses  incurred by him prior to the date of termination  that are subject
to  reimbursement   pursuant  to  this  Agreement  (the  "Accrued   Reimbursable
Expenses");

     (d) provide to the Executive (or the Executive's  estate) or  beneficiaries
any  accrued  and vested  benefits  required  to be provided by the terms of any
Company-sponsored  benefit plans or programs (the "Accrued Benefits"),  together
with  any  benefits  required  to be  paid  or  provided  in  the  event  of the
Executive's death or Total Disability under applicable law;

     (e) pay the  Executive (or the  Executive's  estate) or  beneficiaries  any
Incentive  Bonus with  respect to a prior  fiscal  year that has been earned and
accrued but has not been paid (the "Accrued Incentive Bonus"); and

     (f) the Executive (or the Executive's  estate) or beneficiaries  shall have
the right to exercise all vested  unexercised  stock options  outstanding at the
termination  date in accordance with terms of the plans and agreements  pursuant
to which such options were issued.

     4.2 UPON  TERMINATION  BY COMPANY FOR CAUSE OR BY  EXECUTIVE  WITHOUT  GOOD
REASON. If the Executive's employment is terminated by the Company for Cause, or
if the Executive  terminates the  Executive's  employment with the Company other
than (x) upon the Executive's  death or Total Disability or (y) for Good Reason,
the Company will:

                                      -3-
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     (a) pay the Executive the Accrued Base Salary;

     (b) pay the Executive the Accrued Vacation Payment;

     (c) pay the Executive the Accrued Reimbursable Expenses;

     (d) pay the  Executive  the Accrued  Benefits,  together  with any benefits
required to be paid or provided under applicable law;

     (e) pay the Executive any Accrued Incentive Bonus; and

     (f) the  Executive  will  have the  right to  exercise  vested  options  in
accordance with Section 4.1(f) hereof.

     4.3 UPON  TERMINATION BY THE COMPANY WITHOUT CAUSE OR BY EXECUTIVE FOR GOOD
REASON. If the Executive's employment is terminated by the Company without Cause
or by the Executive for Good Reason, the Company will:

     (a) pay the Executive the Accrued Base Salary;

     (b) pay the Executive the Accrued Vacation Payment;

     (c) pay the Executive the Accrued Reimbursable Expenses;

     (d) pay the  Executive  the Accrued  Benefits,  together  with any benefits
required to be paid or provided under applicable law;

     (e) pay the Executive any Accrued Incentive Bonus;

     (f) pay the Executive  severance,  commencing  on the thirtieth  (30th) day
following the termination date, of six (6) monthly payments equal to one-twelfth
(1/12th) of the Executive's  Annual Base Salary in effect  immediately  prior to
the time such  termination  occurs.  Severance will be mitigated on a dollar for
dollar  basis for any income  received by  Executive  for duties  performed  for
Company or any third party during the six (6) months following termination.  The
severance  payment  required under this subsection shall be conditioned upon the
Executive confirming the release in Section 5.2 hereof; and

                                      -4-
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     (g)  maintain  in  full  force  and  effect,  for the  Executive's  and the
Executive's  eligible  beneficiaries,  until  the  first  to  occur  of (x)  the
Executive's  attainment of alternative  employment if such  employment  includes
health insurance benefits or (y) the six (6) month anniversary of termination of
employment,  the benefits provided pursuant to Company-sponsored  benefit plans,
programs,  or  other  arrangements  in  which  the  Executive  was  entitled  to
participate as a full-time  employee  immediately  prior to such  termination in
accordance  with  Section 2.4  hereof,  subject to the terms and  conditions  of
participation  as provided under the general terms and provisions of such plans,
programs,  and  arrangements,  or in the alternate,  the Company will arrange to
provide the Executive with  continued  benefits  substantially  similar to those
which the  Executive  would  have been  entitled  to receive  under such  plans,
programs, and arrangements;

     (h) the  Executive  shall  have the right to  exercise  vested  options  in
accordance with Section 4.1(f).

     4.4 UPON CHANGE OF CONTROL AND  TERMINATION BY THE COMPANY WITHOUT CAUSE OR
BY EXECUTIVE FOR GOOD REASON. If the Executive's employment is terminated within
two (2) years of a Change of  Control  by the  Company  without  Cause or by the
Executive for Good Reason, the Company will:

     (a) pay the Executive the Accrued Base Salary;

     (b) pay the Executive the Accrued Vacation Payment;

     (c) pay the Executive the Accrued Reimbursable Expenses;

     (d) pay the  Executive  the Accrued  Benefits,  together  with any benefits
required to be paid or provided under applicable law;

     (e) pay the  Executive  any  Accrued  Incentive  Bonus;  plus the  pro-rata
Incentive Bonus based on actual performance for the year of termination.

     (f) pay the Executive severance of one and one-half (1.5) times Executive's
Annual  Base  Salary in effect  immediately  prior to the time such  termination
occurs  plus the  greater  of (x) one and  one-half  (1.5)  times  the  targeted
Incentive Bonus immediately prior to the time such termination occurs or (y) one
and one-half  (1.5) times the average  actual  Incentive  Bonus for the previous
three (3) years, whichever is greater. The severance payment required under this
subsection  shall be  conditioned  upon the Executive  confirming the release in
Section 5.2 hereof;

     (g)  maintain  in  full  force  and  effect,  for the  Executive's  and the
Executive's  eligible  beneficiaries,  until  the  first  to  occur  of (x)  the
Executive's  attainment of alternative  employment if such  employment  includes
health  insurance  benefits  or (y)  the  eighteen  (18)  month  anniversary  of
termination,  the benefits provided pursuant to Company-sponsored benefit plans,
programs,  or  other  arrangements  in  which  the  Executive  was  entitled  to
participate as a full-time  employee  immediately  prior to such  termination in
accordance  with  Section 2.4  hereof,  subject to the terms and  conditions  of
participation  as provided under the general terms and provisions of such plans,
programs,  and  arrangements,  or in the alternate,  the Company will arrange to
provide the Executive with  continued  benefits  substantially  similar to those
which the  Executive  would  have been  entitled  to receive  under such  plans,
programs, and arrangements;

     (h) any payments will be grossed up for Internal  Revenue Code Section 280G
excise tax penalty on "excess parachute payments;" and

                                      -5-
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     (i) the  Executive  shall  have the right to  exercise  vested  options  in
accordance with Section 4.1(f).

                                   ARTICLE V
                              ADDITIONAL AGREEMENTS

     5.1 OTHER  AGREEMENTS.  As further material  consideration  for the Company
entering  into this  Agreement,  the  Executive  will also execute the Company's
standard employee confidentially agreement, inventions assignment agreement, and
any other agreements required to be executed by all like level executives of the
Company.

     5.2 EMPLOYEE'S  RESTRICTIVE COVENANTS UPON TERMINATION.  If the Executive's
employment is terminated for any reason, Executive agrees:

     (a) To keep all of the Company's Confidential  Information  confidential in
perpetuity in accordance with the Company's policy;

     (b) To not  hire or  solicit  for  hire or  consultation  employees  of the
Company  for a period of one and  one-half (1 1/2) years  after  termination  of
employment; and

     (c) To  release  the  Company  from any and all  claims,  whether  known or
unknown, except for those based upon this Agreement.  Such release shall include
the rights of Section 1542 of the California Civil Code, which provides:

     "A general  release does not extend to claims  which the creditor  does not
know or suspect to exist in the  Executive's  favor at the time of executing the
release,  which if known by him must have  materially  affected the  Executive's
settlement with the debtor."

                                   ARTICLE VI
                                  MISCELLANEOUS

     6.1 DEFINITIONS.  For purposes of this Agreement,  the following terms will
have the following meanings:

     (a) "Accrued Base Salary" - as defined in Section 4.1(a) hereof.

     (b) "Accrued Benefits" - as defined in Section 4.1(d) hereof.

     (c) "Accrued Incentive Bonus" - as defined in Section 4.1(e) hereof.

     (d) "Accrued Reimbursable Expenses" - as defined in Section 4.1(c) hereof.

     (e) "Accrued Vacation Payment" - as defined in Section 4.1(b) hereof.

                                      -6-
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     (f)  "Affiliate"  of a Person  means a Person that  directly or  indirectly
through one or more  intermediaries,  controls,  is  controlled  by, or is under
common  control  with,  the  first  Person.   "Control"   (including  the  terms
"controlled by" and "under common control with") means the possession,  directly
or  indirectly,  of the power to direct or cause the direction of the management
or policies of a Person, whether through the ownership of voting securities,  by
contract or credit arrangement, as trustee or executor, or otherwise.

     (g) "Incentive Bonus" as defined in Section 2.2 hereof.

     (h) "Base Salary" as defined in Section 2.1 hereof.

     (i) "Cause"  will mean any willful  breach of duty by the  Executive in the
course of the  Executive's  employment,  continued  violation of written Company
employment  policies  after written notice of such  violation,  violation of the
Company's  Insider  Trading  Policies,  conviction  of a  felony  or  any  crime
involving fraud, theft, embezzlement, dishonesty or moral turpitude, engaging in
activities  which  materially  defame the Company,  engaging in conduct which is
material injurious to the Company or its Affiliates,  or any of their respective
customer or supplier relationships, financially or otherwise, or the Executive's
gross negligence or continued failure to perform  Executive's  duties or his/her
continued incapacity to perform such duties.

     (j) "Change of Control" will mean if there is a merger, consolidation, sale
of all or a  major  portion  of  the  assets  of  the  Company  (or a  successor
organization) or similar  transaction or circumstance  where any person or group
(other than Douglas B. Otto) acquires or obtains the right to acquire, in one or
more transactions,  beneficial ownership of more than Fifty Percent (50%) of the
outstanding  shares of any class of voting  stock of the Company (or a successor
organization).

     (k)  "Compensation  Committee"  means  the  Compensation  Committee  of the
Company's Board of Directors.

     (l) "Continued Benefits" as defined in Section 4.3(g) hereof.

     (m) "Good Reason" will mean (1) the  occurrence of material  breach of this
Agreement by the Company, which breach is not cured within fifteen (15) calendar
days after written notice  thereof is received by the Company,  or (2) if within
two (2) years of a Change of  Control,  there is a reduction  of the  Employee's
total  compensation,  benefits,  and  perquisites,  the Company's  relocation is
greater than fifty (50) miles  further from the  Employee's  home, or a material
change in the Employee's position or duties.

     (n) "Notice of  Termination"  will mean a notice  which shall  indicate the
specific termination provision of this Agreement relied upon and shall generally
set forth the basis for  termination  of the  Executive's  employment  under the
provision so indicated.

                                      -7-
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     (o) "Person"  means any natural  person,  firm,  partnership,  association,
corporation,  company,  limited liability company,  limited partnership,  trust,
business trust, governmental authority, or other entity.

     (p) "Retirement" will mean normal retirement at age 65.

     (q)  "Severance"  will  mean  payments  after  termination  of  Executive's
employment.

     (r) "Total Disability" will mean the Executive's  failure  substantially to
perform the  Executive's  duties  hereunder  on a  full-time  basis for a period
exceeding one hundred eighty (180)  consecutive days or for periods  aggregating
more than one hundred eighty (180) days during any twelve (12) month period as a
result of incapacity due to physical or mental illness. If there is a dispute as
to whether the Executive is or was physically or mentally  unable to perform the
Executive's  duties under this  Agreement,  such  dispute will be submitted  for
resolution to a licensed physician agreed upon by the Company and the Executive,
or if an agreement  cannot be promptly  reached,  the Company and the  Executive
will promptly each select a physician, and if these physicians cannot agree, the
physicians will promptly select a third physician whose decision will be binding
on all parties.  If such a dispute  arises,  the  Executive  will submit to such
examinations and will provide such information as such physician(s) may request,
and the  determination  of the  physician(s) as to the  Executive's  physical or
mental condition will be binding and conclusive.  Notwithstanding the foregoing,
if the  Executive  participates  in any group  disability  plan  provided by the
Company,  which offers long-term  disability  benefits,  "Total Disability" will
mean total disability as defined therein.

     6.2 KEY MAN  INSURANCE.  The  Company  will  have  the  right,  in its sole
discretion,  to purchase "key man" insurance on the life of the  Executive.  The
Company shall be the owner and  beneficiary  of any such policy.  If the Company
elects  to  purchase  such a policy,  the  Executive  will  take  such  physical
examinations and supply such  information as may be reasonably  requested by the
insurer.

     6.3 SUCCESSORS;  BINDING AGREEMENT. This Agreement will be binding upon any
successor to the Company and will inure to the benefit of and be  enforceable by
the Executive's  personal or legal  representatives,  beneficiaries,  designees,
executors, administrators, heirs, distributees, devisees and legatees.

     6.4 MODIFICATION;  NO WAIVER. This Agreement may not be modified or amended
except by an  instrument  in writing  signed by the parties  hereto.  No term or
condition of this Agreement  will be deemed to have been waived,  nor will there
be any estoppel  against the  enforcement  of any  provision of this  Agreement,
except by written  instrument by the party charged with such waiver or estoppel.
No such written  waiver will be deemed a continuing  waiver unless  specifically
stated  therein,  and each such waiver will operate only as to the specific term
or condition  waived and will not  constitute a waiver of such term or condition
for the future or as to any other term or condition.

                                      -8-
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     6.5  SEVERABILITY.  The  covenants  and  agreements  contained  herein  are
separate and severable and the invalidity or unenforceability of any one or more
of such covenants or agreements,  if not material to the employment  arrangement
that  is the  basis  for  this  Agreement,  will  not  affect  the  validity  or
enforceability of any other covenant or agreement contained herein.

     6.6 FORM OF NOTICE TO PARTIES. All notices, requests,  demands, waivers and
other  communications  required or  permitted  to be given under this  Agreement
shall be in writing and shall be deemed to have been duly given if (a) delivered
personally,  (b) mailed by  first-class,  registered or certified  mail,  return
receipt requested, postage prepaid, or (c) sent by next-day or overnight mail or
delivery or (d) sent by telecopy or telegram, to the following address:

                  If to Executive:          Peter K. Worley
                                            2397 Moberly Court
                                            Thousand Oaks, CA 91360
                                            (805) 241-6955

                  If to Company:            Deckers Outdoor Corporation
                                            495-A South Fairview Avenue
                                            Goleta, CA  93117
                                            Attn: Angel Martinez
                                            Facsimile #805-967-7862

or, in each case, at such other address as may be specified in writing to the
other parties hereto.

     All such notices, requests, demands, waivers and other communications shall
be deemed to have been  received  (w) if by  personal  delivery on the day after
such delivery,  (x) if by certified or registered  mail, on the seventh business
day after the mailing thereof, (y) if by next-day or overnight mail or delivery,
on the day delivered,  (z) if by telecopy or telegram, on the next day following
the day on which such  telecopy or telegram  was sent,  provided  that a copy is
also sent by certified or registered mail.

     6.7  ASSIGNMENT.  This  Agreement  and any  rights  hereunder  will  not be
assignable by either party without the prior written  consent of the other party
except as otherwise specifically provided for herein.

     6.8  ENTIRE   UNDERSTANDING.   This   Agreement   constitutes   the  entire
understanding  between  the  parties  hereto and no  agreement,  representation,
warranty or covenant has been made by either party except as expressly set forth
herein.

     6.9 EXECUTIVE'S REPRESENTATIONS. The Executive represents and warrants that
neither the execution and delivery of this Agreement nor the  performance of the
Executive's  duties hereunder  violates the provisions of any other agreement to
which he is a party or by which he is bound.

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     6.10 GOVERNING LAW. This Agreement will be construed in accordance with the
laws  of the  State  of  California,  without  regard  to the  conflict  of laws
provisions  thereof,  with venue  proper  only in the  County of Santa  Barbara,
California.

     6.11 ARBITRATION.

     (a) Except as provided in Section  6.11(c) below,  the parties hereto agree
that any dispute or  controversy  arising out of,  relating to, or in connection
with this Agreement, or the interpretation, validity, construction, performance,
breach, or termination thereof, shall be finally settled by binding arbitration,
unless otherwise required by law, to be held in Santa Barbara,  California under
the National  Rules for the  Resolution of  Employment  Disputes of the American
Arbitration  Association as then in effect (the "Rules").  The arbitrator(s) may
grant  injunctions or other relief in such dispute or controversy.  The decision
of the  arbitrator(s)  shall be final,  conclusive and binding on the parties to
the   arbitration,   and  judgment  may  be  entered  on  the  decision  of  the
arbitrator(s) in any court having jurisdiction.

     (b) The  arbitrator(s)  shall  apply  California  law to the  merits of any
dispute or claim, without reference to rules of conflicts of law.

     (c) The  parties  may apply to any court of  competent  jurisdiction  for a
temporary  restraining  order,  preliminary  injunction,  or  other  interim  or
conservatory relief, as necessary,  without breach of this arbitration agreement
and without abridgement of the powers of the arbitrator.

     (d)  EMPLOYEE  HAS READ  AND  UNDERSTANDS  THIS  SECTION,  WHICH  DISCUSSES
ARBITRATION.  EMPLOYEE  UNDERSTANDS  THAT BY SIGNING  THIS  AGREEMENT,  EMPLOYEE
AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF,  RELATING TO, OR IN CONNECTION  WITH
THIS AGREEMENT,  OR THE  INTERPRETATION,  VALIDITY,  CONSTRUCTION,  PERFORMANCE,
BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION,  UNLESS OTHERWISE REQUIRED
BY LAW, AND THAT THIS  ARBITRATION  CLAUSE  CONSTITUTES  A WAIVER OF  EMPLOYEE'S
RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES  RELATING TO
EMPLOYEE'S  RELATIONSHIP WITH THE COMPANY,  INCLUDING BUT NOT LIMITED TO, CLAIMS
OF HARASSMENT, DISCRIMINATION, WRONGFUL TERMINATION AND ANY STATUTORY CLAIMS.

                                      -10-
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<PAGE>

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

                                    COMPANY:

                                    DECKERS OUTDOOR CORPORATION

                                    By: /s/ Angel Martinez        March 17, 2006
                                        ----------------------------------------
                                    Name:    Angel Martinez       Date:
                                    Title:   Chief Executive Officer

                                   EXECUTIVE:

                                   /s/ Peter K. Worley            March 17, 2006
                                   ---------------------------------------------
                                   Name:  Peter K. Worley              Date:
                                   Title: Teva Brand President

                                      -11-
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                                    EXHIBIT A

                                       TO

                      SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

                          2006 Incentive Bonus Criteria
                          -----------------------------

Executive:            Peter K. Worley

Target bonus:         Potential 100% of base salary @ 100% level

Incentive Bonus Allocation:

         25%  Company Profit Component
         75%  Management Business Objective (MBO) Component
        ----
         100%
        ====

Incentive bonus to be calculated and paid in accordance with the attached
Exhibit B.

                                      -12-
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                                    EXHIBIT B

                                       TO

                      SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

                                      -13-================================================================================
Exhibit 10.1

                       MINERAL PROPERTY PURCHASE AGREEMENT

                  THIS AGREEMENT dated for reference January 18, 2006.

BETWEEN:

                  690047 B.C. LTD., having its office located at 702-33 Water
                  Street, Vancouver B.C. V6B 1A1;

                  (the "Vendor")

                                                             OF THE FIRST PART

AND:

                  DENIA ENTERPRISES INC., a company  incorporated  pursuant to
                  the laws of Nevada with its  registered office at 1802
                  N Carson St. Ste 212,  Carson City, Nevada, 89701;

                  (the "Purchaser")

                                                             OF THE SECOND PART

W H E R E A S :

A.  The Vendor is the registered and beneficial owner of three
mineral  claims  located in the Nicola  Mining  Division,  British  Columbia  at
latitude 49(0)43'N and longitude  121(0)3'W,  which claims are more particularly
described  in Schedule "A"  attached  hereto which forms a material  part hereof
(collectively, the "Claims");

B.  The Vendor has agreed to sell and the  Purchaser  has agreed  to  purchase a
100%  right,  interest and title in and to the Claims   upon   the   terms   and
conditions hereinafter set forth;

                  NOW THEREFORE THIS AGREEMENT  WITNESSETH that in consideration
of the mutual covenants and provisos herein contained,  THE PARTIES HERETO AGREE
AS FOLLOWS:

1.                VENDOR'S REPRESENTATIONS

1.1  The Vendor represents and warrant to the Purchaser that:

(a)  The Vendor is the registered and beneficial owners of the Claims and
     collectively holds the right to transfer title to the Claims and to explore
     and develop the Claims;

(b)  The Vendor holds the Claims free and clear of all liens, charges and claims
     of others, and the Vendors have a free and unimpeded right of access to the
     Claims and have use of the Claims surface for the herein purposes;

<page>

(c)  The Claims have been duly and validly located and recorded in a good and
     miner-like manner pursuant to the laws of British Columbia and are in good
     standing in British Columbia as of the date of this Agreement;

(d)  There are no adverse claims or challenges against or to the Vendor's
     ownership of or title to any of the Claims nor to the knowledge of the
     Vendor is there any basis therefor, and there are no outstanding agreements
     or options to acquire or purchase the Claims or any portion thereof;

(e)  The Vendor has the full right, authority and capacity to enter into this
     Agreement without first obtaining the consent of any other person or body
     corporate and the consummation of the transaction herein contemplated will
     not conflict with or result in any breach of any covenants or agreements
     contained in, or constitute a default under, or result in the creation of
     any encumbrance under the provisions of any indenture, agreement or other
     instrument whatsoever to which either Vendor is a party or by which they
     are bound or to which they are subject; and

(f)  No proceedings are pending for, and the Vendor is unaware of any basis for,
     the institution of any proceedings which could lead to the placing of
     either Vendor in bankruptcy, or in any position similar to bankruptcy.

1.2  The representations and warranties of the Vendor set out in paragraph 1.1
     above form a part of this Agreement and are conditions upon which the
     Purchaser has relied in entering into this Agreement and shall survive the
     acquisition of any interest in the Claims by the Purchaser.

2.   THE PURCHASER'S REPRESENTATIONS

                  The Purchaser warrants and represents to the Vendor that it is
a body corporate,  duly incorporated  under the laws of the state of Nevada with
full power and absolute capacity to enter into this Agreement and that the terms
of this Agreement have been authorized by all necessary corporate acts and deeds
in order to give effect to the terms hereof.

3.   SALE OF CLAIMS

3.1  The Vendor hereby sells, grants and devises to the Purchaser a 100%
     undivided right, title and interest in and to the Claims in consideration
     of the Purchaser issuing a total of 300,000 shares (the "Shares") of fully
     paid, non-assessable common stock to the Vendor.

3.2  The Vendor acknowledges that the Shares are subject to resale restrictions
     in accordance with applicable securities laws.

3.3  The Company covenants to the Vendor that if it files a prospectus or
     registration statement in any jurisdiction pursuant to which shares of
     common stock in the Company's capital will be registered for resale, the
     Company shall also register the Shares pursuant to such prospectus or
     registration statement as well.

<page>

4.   CLOSING

The  sale and purchase of the interest in the Claims shall be closed at 11:00am
     on January 18, 2006 at the offices of the Purchaser, or such other place
     and time acceptable to both parties. At closing:

(a)  the Vendor shall deliver to the Purchaser a bill of sale absolute with
     respect to the transfer of a 100% interest in the Claims; and

(b)  the Purchaser shall concurrently deliver to the Vendor certificate
     representing the Shares that have been duly authorized for issuance.

5.   FORCE MAJEURE

If the Purchaser is prevented from or delayed in complying with any provisions
of this Agreement by reason of strikes, labour disputes, lockouts, labour
shortages, power shortages, fires, wars, acts of God, governmental regulations
restricting normal operations or any other reason or reasons beyond the control
of the Purchaser, the time limited for the performance of the various provisions
of this Agreement as set out above shall be extended by a period of time equal
in length to the period of such prevention and delay, and the Purchaser, insofar
as is possible, shall promptly give written notice to the Vendor of the
particulars of the reasons for any prevention or delay under this section, and
shall take all reasonable steps to remove the cause of such prevention or delay
and shall give written notice to the Vendor as soon as such cause ceases to
exist.

6.   ENTIRE AGREEMENT

This Agreement constitutes the entire agreement to date between the parties
hereto and supersedes every previous agreement, communication, expectation,
negotiation, representation or understanding, whether oral or written, express
or implied, statutory or otherwise, between the parties with respect to the
subject matter of this Agreement.

7.   NOTICE

7.1 Any notice required to be given under this Agreement shall be deemed to be
well and sufficiently given if delivered to the other party at its respective
address first noted above, and any notice given as aforesaid shall be deemed to
have been given, if delivered, when delivered, or if mailed, on the fourth
business day after the date of mailing thereof.

7.2 Either party may from time to time by notice in writing change its address
for the purpose of this paragraph.

8.   RELATIONSHIP OF PARTIES

Nothing contained in this Agreement shall, except to the extent specifically
authorized hereunder, be deemed to constitute either party a partner, agent or
legal representative of the other party.

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9.   FURTHER ASSURANCES

The parties hereto agree to do or cause to be done all acts or things necessary
to implement and carry into effect the provisions and intent of this Agreement.

10.  TIME OF ESSENCE

Time shall be of the essence of this Agreement.

11.  TITLES

The titles to the respective sections hereof shall not be deemed a part of this
Agreement but shall be regarded as having been used for convenience only.

12.  CURRENCY

All funds referred to under the terms of this Agreement shall be funds
designated in the lawful currency of the United States of America.

13.  NONSEVERABILITY

This Agreement shall be considered and construed as a single instrument and the
failure to perform any of the terms and conditions in this Agreement shall
constitute a violation or breach of the entire instrument or Agreement and shall
constitute the basis for cancellation or termination.

14.  APPLICABLE LAW

The situs of the Agreement is Vancouver, British Columbia, and for all purposes
this Agreement will be governed exclusively by and construed and enforced in
accordance with the laws prevailing in the Province of British Columbia.

15.  ENUREMENT

This Agreement shall enure to the benefit of and be binding upon the Parties
hereto and their respective successors and assigns.

<page>

     IN WITNESS  WHEREOF this Agreement has been executed as of the day and year
first above written.

690047 B.C. LTD.                               DENIA ENTERPRISES INC.

PER:                                           PER:
------------------------------                 ------------------------------
Authorized Signatory                           Authorized Signatory

<page>

                                  SCHEDULE "A"

The  Claims  referred  to in this  Agreement  consist  of three  mineral  claims
totalling 542.991  hectares.  The Claims measure  approximately  four kilometres
east-west and 2.5 kilometers  north-south.  The claims are located in the Nicola
Mining  Division  on map  sheet on Map Sheet  92H-11E.  The  pertinent  property
information is as follows:

-----------------  --------------------- ------------------ -------------------
     Tenure          Recorded Holder           Mining              Number of
     Number                                  Division              Hectares
-----------------  --------------------- ------------------ -------------------
     503797           690047 BC Ltd.           Nicola               167.077
-----------------  --------------------- ------------------ -------------------
     504529           690047 BC Ltd.           Nicola               229.722
-----------------  --------------------- ------------------ -------------------
     504532           690047 BC Ltd.           Nicola               146.192
-----------------  --------------------- ------------------ -------------------

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