Document:

Unassociated Document

    Exhibit
      10.1

    AMENDMENT

    TO
      THE

    GUITAR
      CENTER, INC.

    2005
      LONG TERM INCENTIVE PLAN

    

    Pursuant
      to the authority reserved to the Compensation Committee of the Board of
      Directors (the “Committee”)
      of
      Guitar Center, Inc. (the “Company”),
      a
      corporation organized under the laws of State of Delaware, under Section 7.1
      of
      the Guitar Center, Inc. 2005 Long Term Incentive Plan (the “Plan”),
      the
      Committee hereby amends the Plan as follows.

    

     

    1. Effective
      as of February 21, 2007, Section 4.1 of the Plan is hereby deleted in its
      entirety and replaced with the following: 

     

    “4.1. General.
      All
      Options under the Plan shall be granted pursuant to the Stock Award
      Plan.”

     

     

     

    *
      * * * * * * *

     

    Executed
      on February 21, 2007

     

    

     

    
      	 	
              GUITAR
                CENTER, INC.

            
	 	 
	 	 
	 	
              OfficerUnassociated Document

    Exhibit
      10.2

    AMENDMENT

    TO
      THE

    GUITAR
      CENTER, INC.

    2006
      LONG TERM INCENTIVE PLAN

    

    Pursuant
      to the authority reserved to the Compensation Committee of the Board of
      Directors (the “Committee”)
      of
      Guitar Center, Inc. (the “Company”),
      a
      corporation organized under the laws of State of Delaware, under Section 7.1
      of
      the Guitar Center, Inc. 2006 Long Term Incentive Plan (the “Plan”),
      the
      Committee hereby amends the Plan as follows.

    

     

    1. Effective
      as of February 21, 2007, Section 4.1 of the Plan is hereby deleted in its
      entirety and replaced with the following: 

     

    “4.1. General.
      All
      Options under the Plan shall be granted pursuant to the Stock Award
      Plan.”

     

     

     

    *
      * * * * * * *

     

    Executed
      on February 21, 2007

     

    

     

    
      	 	
              GUITAR
                CENTER, INC.

            
	 	 
	 	 
	 	
              OfficerUnassociated Document

 

    EMPLOYMENT
      AGREEMENT

    

    EMPLOYMENT
      AGREEMENT (this “Agreement”),
      effective as of December 1, 2007, between John Abraham, an individual residing
      at 8328 Stewart Avenue, Los Angeles, CA 90045 (the “COO”),
      and
      Bloodhound Search Technologies, Inc., a Nevada corporation (the “Company”).

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      the COO has been employed by the Company as its Chief Operating Officer since
      April 5, 2006; and

     

    WHEREAS,
      the COO and the Company desire to continue such employment and to enter into
      this Agreement in order to state the terms and conditions of the continuation
      of
      such employment.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements and covenants set forth
      herein, the parties hereto agree as follows:

     

    ARTICLE
      I

    POSITION;
      DUTIES; TERM

     

    1.1 Position.
      The
      Company hereby continues to employ the COO as the Chief Operating Officer of
      the
      Company, which employment the COO hereby accepts, all in the capacity and on
      the
      terms and conditions hereinafter set forth. 

     

    1.2 Duties.
      During
      the Term (as defined below), the COO shall be a full-time employee of the
      Company, all under and subject to the direction and control of the Board of
      Directors of the Company. In his capacity as Chief Operating Officer, the COO
      shall be responsible for controlling the day to day operations of the Company
      and shall perform such duties for the Company as are consistent with the
      foregoing.

     

    1.3 Term.
      The
      term of employment shall commence as of the date of this Agreement and shall
      continue until this Agreement is terminated in accordance with the terms hereof
      (the “Term”).
      

     

    ARTICLE
      II

    COMPENSATION

    

    2.1 Salary.
      During
      the Term, the COO shall be entitled to a gross salary (the “Salary”)
      as
      follows: (a) for the period commencing December 1, 2006, and continuing to
      and
      including February 28, 2007, the Salary shall be $5,000 for such three month
      period (amounting to approximately $1,667 per month), payable within ten (10)
      days after the date hereof; and (b) for the period commencing March 1, 2007,
      and
      continuing until the end of the Term, the Salary shall be $5,000 per each month
      of the Term, payable within ten (10) days after the end of each such month.
      The
      Salary shall be subject to withholding for applicable taxes.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.2
       Additional
      Compensation.
      As
      additional compensation, the Company, in the sole discretion of its Board of
      Directors, may grant stock purchase options to the COO.

     

    ARTICLE
      III

    BENEFITS

    

    3.1 Business
      Expenses The
      COO
      shall be reimbursed for all reasonable and necessary business expenses incurred
      by the COO in connection with the performance of his duties under this
      Agreement, so long as the Company pre-approves such expenses in writing and
      the
      COO presents to the Company appropriate documentation therefor. 

    

    3.2 Additional
      Benefits. 
      The COO
      shall be entitled to participate in any pension or profit sharing plans, group
      health, accident or life insurance plans, group medical and hospitalization
      plan, and other similar benefits as may be available to the employees of the
      Company. 

    

    ARTICLE
      IV

    TERMINATION

    

    4.1
      Termination.
      The
      COO's employment hereunder may be terminated by either party hereto for any
      reason or no reason immediately upon written notice by the terminating party
      to
      the non-terminating party. Upon such termination, the Company shall pay the
      COO
      his Salary accrued through the date of such termination. Following such
      termination, the COO shall be required to co-operate with the Company and to
      execute all documents which may be reasonably requested by the
      Company.

    

    ARTICLE
      V

    REPRESENTATION;
      NON-COMPETITION

    

    5.1 COO
      Representation.
      The COO
      represents that the COO’s execution of this Agreement and the performance of his
      duties required hereunder will neither be a breach of any other employment
      or
      other agreement nor a breach of any non-competition or similar
      agreement.

    

    5.2 Non-Competition.
      

    

    (a)
      The
      COO agrees that during the Term and for the period of two (2) years thereafter,
      he will not engage, directly, either as principal, agent, consultant,
      proprietor, creditor, stockholder, director, officer or employee, or participate
      in the ownership, management, operation or control of any business which
      directly or indirectly competes with the business of the Company. The COO
      acknowledges and agrees that the current market for the Company's business
      extends throughout the world and that it is therefore reasonable to prohibit
      the
      COO from competing with the Company anywhere in such territory. This Section
      shall not apply to the COO’s ownership of less than five percent (5%) of the
      capital stock of a company having a class of capital stock which is traded
      on
      any national stock exchange.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b) During
      the Term and for the period of two (2) years thereafter, the COO agrees that
      he
      will not, directly, (i) solicit, divert or recruit or encourage any of the
      employees or agents of the Company, or any person who was an employee or agent
      of the Company during the Term, to leave the employ of the Company or terminate
      or alter their contractual relationship in a way that is adverse to the
      Company's interests, (ii) solicit or divert business from the Company, or assist
      any person or entity in doing so or attempting to do so or (iii) cause or seek
      to cause any person or entity to refrain from dealing or doing business with
      the
      Company or assist any person or entity in doing so or attempting to do
      so.

    

    5.3 Confidentiality.
      

    

    (a)
      The
      COO agrees that he shall hold in strict confidence and shall not at any time
      during or after his employment with the Company, directly or indirectly, (i)
      reveal, report, publicize, disclose, or transfer any Confidential Information
      (as described below) or any part thereof to any person or entity, (ii) use
      any
      of the Confidential Information or any part thereof for any purpose other than
      in the course of his duties on behalf of the Company, or (iii) assist any person
      or entity other than the Company to secure any benefit from the Confidential
      Information or any part thereof. All Confidential Information (regardless of
      the
      medium retained) and all abstracts, summaries or writings based upon or
      reflecting any Confidential Information in the COO's possession shall be
      delivered by the COO to the Company upon request therefor by the Company or
      automatically upon the termination of this Agreement.

     

    (b) For
      purposes of this Agreement, "Confidential Information" shall mean any
      information relating to the business, operations, affairs, assets or condition
      (financial or otherwise) of the Company which is not generally known by
      non-company personnel, or is proprietary or in any way constitutes a trade
      secret (regardless of the medium in which information is maintained) which
      the
      COO develops or which the COO obtains knowledge of or access to through or
      as a
      result of the COO’s relationship with the Company. Confidential Information
      specifically includes, without limitation, business and marketing plans,
      financings, cost and pricing information, supplier information, all source
      code,
      system and user documentation, and other technical documentation pertaining
      to
      the hardware and software programs of the Company, including any proposed design
      and specifications for future products and products in development, and all
      other technical and business information considered confidential by the Company.
      Confidential Information shall not include any information that is generally
      publicly available or otherwise in the public domain other than as a result
      of a
      breach by the COO of his obligations hereunder. 

    

    5.4 Remedies. The
      COO
      agrees and acknowledges that the foregoing restrictions and the duration and
      the
      territorial scope thereof as set forth in Sections 5.2 or 5.3 are under all
      of
      the circumstances reasonable and necessary for the protection of the Company
      and
      its business. In the event that the COO shall breach or threaten to breach
      any
      of the provisions of Sections 5.2 or 5.3, in addition to and without limiting
      or
      waiving any other remedies available to the Company, at law or in equity, the
      Company shall be entitled to immediate injunctive relief in any court, domestic
      or foreign, having the capacity to grant such relief, to restrain any such
      breach or threatened breach and to enforce the provisions of this Agreement.
      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    ARTICLE
      VI

    MISCELLANEOUS

    

    6.1 Entire
      Agreement.
      This
      Agreement constitutes the entire understanding between the Company and the
      COO
      with respect to the subject matter hereof and supersedes any and all previous
      agreements or understandings between the COO and the Company concerning the
      subject matter hereof, all of which are merged herein.

    

    6.2 Successors.
      This
      Agreement shall be binding upon and inure to the benefit of the COO and his
      heirs and personal representatives, and the Company and its successors and
      assigns.

    

    6.3 Notices.
      All
      notices and other communications required or permitted hereunder shall be
      delivered personally, sent via facsimile, certified or registered mail, return
      receipt requested, or next day express mail or overnight, nationally recognized
      courier, postage prepaid with proof of receipt, to the address or telephone
      number (in the case of facsimile) set forth above. Such addresses and/or
      telephone numbers may be changed by notice given in the manner provided herein.
      Any such notice shall be deemed given (i) when delivered if delivered
      personally, (ii) the day after deposit with the express or courier service
      when
      sent by next day express mail or courier, (iii) five (5) days after deposit
      with
      the postal service when sent by certified or registered mail, or (iv) when
      sent
      over a facsimile system with answer back response set forth on the sender's
      copy
      of the document.

    

    6.4 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Nevada, without regard to choice of law principles.

    

    6.5 Amendment
      and Modification.
      This
      Agreement may be amended, modified or supplemented only by written agreement
      executed by the Company and the COO.

    

    6.6 Headings.
      The
      section headings herein are inserted for the convenience of the parties only
      and
      are not to be construed as part of the terms of this Agreement or to be taken
      into account in the construction or interpretation of this
      Agreement.

    

    6.7 Counterparts.
      This
      Agreement may be executed in counterparts and by facsimile, each of which shall
      be deemed to be an original but both of which together will constitute one
      and
      the same instrument.

    

    [remainder
      of page intentionally left blank; signature page to follow]

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have entered into this COO Employment Agreement
      as
      of the day and year first above written.

    

    
      	 	 	 
	 	BLOODHOUND
              SEARCH
              TECHNOLOGIES, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Robert
              Horn
	 	
              
Name:
              Robert Horn
	 	Title:
               Chief
              Financial Officer, Secretary, and
              Director

    
      	 	/s/ John Abraham 
	 	
              

              John
                Abraham

            
	 	 

    

    

    
      
         

      

        5

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