Document:

Unassociated Document

    EXECUTIVE EMPLOYMENT
AGREEMENT

    

    This
EXECUTIVE EMPLOYMENT AGREEMENT (this
“Agreement”) is made as
of March ___, 2009 (the “Effective Date”) by and
between GetFugu, Inc., a Nevada corporation (the “Corporation”), and Bernard
Stolar (the “Executive”).

     

    WHEREAS, the Corporation and
Executive wish to enter into a written employment contract which will govern the
terms and conditions applicable to Executive’s employment with the Corporation
as President and Chief Executive Officer.

     

    NOW THEREFORE, in
consideration of the mutual covenants and conditions set forth herein and for
other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the parties hereto agree as follows:

     

    
      	
              1.

            	
              Duties
      and Responsibilities.

            

    

     

    A.           Executive
shall serve as President and Chief Executive Officer of the Corporation and
shall in such capacity report directly to the Corporation’s Board of Directors
(the “Board”).  Executive
shall have overall authority and responsibility for the day-to-day management of
the affairs and business of the Corporation and its subsidiaries, if any, and
shall have primary responsibility for the formulation, implementation and
execution of strategic policies relating to the Corporation’s business
operations, financial objectives and market growth.

     

    B.           Executive
agrees to serve as President and Chief Executive Officer of the Corporation
during the Employment Period specified in Paragraph 2 and to perform in good
faith and to the best of his ability all services which may be reasonably
required of him hereunder that are in keeping with his title and status and to
be available to render services at all reasonable times and places in accordance
with such reasonable directions and requests made by the Corporation acting by
majority vote of the Board.  Executive shall, during the term hereof,
devote his full working time, ability, energy and skill to the performance of
his duties and responsibilities hereunder.  Executive’s principal
place of employment shall be the Corporation’s executive offices located in San
Francisco, California, but Executive may be required to travel to other
geographic locations at the Corporation’s expense from time to time in
connection with the performance of his duties hereunder.

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    

     

    C.           The
Board will take under consideration the appointment of Executive as a member of
the Board promptly following the Effective Date, and will consider re-nominating
Executive for membership on the Board each year during the Employment
Period.

     

    
      	
              2.

            	
              At-Will
      Nature of Employment.

            

    

     

    A.           Executive’s
employment with the Corporation is “at will” and is terminable “at will” by the
Corporation or the Executive,  with or without cause.  No
person or entity has the authority to alter the at will status of Executive’s at
any time except in a written agreement executed by both the Executive and the
Corporation.  No statement or writing made in connection with
performance reviews, recommendations, promotions, transfers, or any other
context shall result in any change in the at will nature of the employment
relationship between Executive and the Corporation.  The period during
which Executive’s employment continues in effect shall be referred to herein as
the “Employment
Period.”

     

    B.           Upon
termination of the Employment Period, the Executive shall be deemed to have
resigned from the Board of Directors and all other offices and committee
memberships then held by the Executive with the Corporation.

     

    
      	
              3.

            	
              Cash
      Compensation and Bonus.

            

    

     

    A.           For
the first 12-month period beginning on the Effective Date, Executive shall be
paid a base salary at the annual rate of Two Hundred Fifty Thousand Dollars
($250,000).  For the second 12-month period beginning on the one-year
anniversary of the Effective Date, Executive shall be paid a base salary at the
annual rate of Three Hundred Twenty-Five Thousand Dollars
($325,000).  For the third 12-month period and for each subsequent 12
month period following the Effective Date, Executive’s base salary shall be
equal to the base salary for the immediately preceding 12-month period plus
5%.  Base salary shall be paid at periodic intervals in accordance
with the Corporation’s payroll practices for salaried employees, but not less
frequently than two times per month.

     

    B.           Executive
shall be entitled to receive an annual bonus equal to two percent (2%) of the
Corporation’s net profits before income taxes for each fiscal year during the
Employment Period, payable no later than thirty (30) days after the completion
of the Corporation’s audit for such fiscal year.  Such bonus shall be
pro-rated for any portion of a fiscal year during the Employment
Period.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    

     

    C.           The
Corporation shall deduct and withhold from the compensation payable to Executive
hereunder any and all applicable Federal, State and local income and employment
withholding taxes and any other amounts required to be deducted or withheld by
the Corporation under applicable statutes, regulations, ordinances or orders
governing or requiring the withholding or deduction of amounts otherwise payable
as compensation or wages to employees.

     

    D.           If
Executive’s employment is terminated by the Corporation at any time following
the three-month anniversary and prior to the three-year anniversary of the
Effective Date, then Executive shall be entitled to receive cash severance
payments equal to twelve months salary at the rate in effect at the time of such
termination.  If Executive’s employment is terminated by the
Corporation at any time following the three-year anniversary of the Effective
Date, then Executive shall be entitled to receive cash severance payments equal
to twenty four months salary at the rate in effect at the time of such
termination.    Such severance payments shall be paid at
periodic intervals over twelve months in accordance with the Corporation’s
payroll practices for salaried employees.

     

    
      	
              4.

            	
              Equity
      Compensation.

            

    

     

    The
Corporation hereby grants to Executive 10 million shares of the Company’s Common
Stock (the “Award Shares”) pursuant to the terms set forth herein and in a
“Restricted Stock Award Agreement” in customary form providing an award to
Executive on substantially the following terms:

     

    
      	
               
      

            	
              ·

            	
              The
      Award Shares are subject to an option held by the Corporation to
      repurchase the Award Shares at a price of $0.005 per share (the
      “Repurchase Option”).  The Repurchase Option may not be
      exercised by the Corporation at any time when the Executive remains a
      full-time employee of the Corporation or at any time when the Corporation
      is in material breach of this Agreement. The repurchase option shall
      expire based on the following
schedule:

            

    

     

    
      	
               
      

            	
              Ø

            	
              1,000,000
      shares – The repurchase option expires on the mutual execution of this
      Agreement (i.e., on the Effective
Date).

            

    

    
      	
               
      

            	
              Ø

            	
              83,333
      shares – The repurchase option expires on the first day of each of the
      first 12 calendar months following the Effective
  Date.

            

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              Ø

            	
              166,666
      shares – The repurchase option expires on the first day of each of
      calendar months 13 to 24 following the Effective
  Date.

            

    

    
      	
               
      

            	
              Ø

            	
              250,000
      shares – The repurchase option expires on the first day of each of
      calendar months 15 to 36 following the Effective
  Date.

            

    

    
      	
               
      

            	
              Ø

            	
              250,000
      shares – The repurchase option expires on the first day of each of
      calendar months 37 to 48 following the Effective
  Date.

            

    

    
      	
               
      

            	
              Ø

            	
              The
      repurchase option shall expire in its entirety immediately upon the
      earlier to occur of (a) a change in control of the Corporation, (b) a sale
      by the Corporation of substantially all of its assets, (c) the entry by
      the Corporation into an agreement or acceptance by the Corporation of a
      term sheet to engage in a change of control transaction or a sale of
      substantially all of its assets, or (c) the termination of Executive’s
      employment by the Corporation; provided however, that the repurchase
      option shall not
      expire,  and may continue to be exercised by the
      Corporation,  if the Executive’s employment is terminated
      because the Executive has engaged in acts or omissions which cause
      material harm to the Corporation (as shall be determined under California
      Law), provided that the Corporation shall first have provided Executive
      with 30 days prior written notice (which notice shall specify in detail
      the alleged cause for termination), following receipt of which of notice
      Executive  shall have an opportunity to cure the acts or
      omissions allegedly giving rise to the reason for
    termination.

            

    

    
      	
               
      

            	
              ·

            	
              All
      of the certificates for the Award Shares shall be issued to Executive on
      the Effective Date, but the certificates shall be held in escrow by the
      Corporation’s counsel pursuant to an escrow agreement, and released to
      Executive periodically as the repurchase option
      expires.   Executive will issue a proxy to vote all of the
      Award Shares in favor of Carl
Freer.

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    

     

    
      	
              5.

            	
              Expense
      Reimbursement.

            

    

     

    Executive
shall be entitled, in accordance with the reimbursement policies in effect from
time to time, to receive reimbursement from the Corporation for all business
expenses incurred by Executive in the performance of his duties hereunder,
provided that Executive furnishes the Corporation with vouchers, receipts and
other details of such expenses in the form reasonably required by the
Corporation sufficient to substantiate a deduction for such business expenses
under all applicable rules and regulations of federal and state taxing
authorities.

     

    
      	
              6.

            	
              Fringe
      Benefits.

            

    

     

    A.           Executive
shall, throughout the Employment Period, be eligible to participate in all group
term life insurance plans, group health plans, accidental death and
dismemberment plans and short-term disability programs and other executive
perquisites which are generally made available to the Corporation’s executives
and for which Executive qualifies.

     

    B.           Executive
shall accrue paid vacation benefits during the Employment Period at the rate of
three (3) weeks year per 12-month period commencing on the Effective Date and
may take his accrued vacation at such times as are mutually convenient to
Executive and the Corporation; provided that no more than ten (10) days’ unused
vacation time shall be carried over to subsequent years of service.

     

    
      	
              7.

            	
              Restrictive
      Covenants.

            

    

     

    A.           During the Employment
Period:

    

    
      	
              (i)

            	
              Executive
      shall devote his full working time and energy solely and exclusively to
      the performance of his duties described herein, except during periods of
      illness or vacation periods. Notwithstanding the foregoing, Executive may
      sit on not-for-profit or other boards of directors and provide advisory
      services to third parties provided that doing so does not materially
      interfere with his duties or obligations under this
    Agreement.

            

    

     

    
      	
               
      

            	
              (ii)  Executive
      shall have the right to perform such incidental services as are necessary
      in connection with (a) Executive’s private passive investments, but only
      if Executive is not obligated or required to (and shall not in fact)
      devote any managerial efforts which interfere with the services required
      to be performed by him hereunder, or (b) Executive’s charitable or
      community activities, or participation in trade or professional
      organizations, but only if such incidental services do not interfere with
      the performance of Executive’s services
  hereunder.

            

    

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

     

    B.           After the Employment
Period:

    

    Executive
will not, either directly or indirectly, for a period of 12 months
following termination of the Employment Period:  (i) contact, for
purposes of soliciting employment, any employee of the Corporation;
or,  (ii) contact for the purpose of inducing any termination or
breach of any contractual relationship with the Corporation, any individual or
entity that has a contractual relationship with the Corporation.

     

    
      	
              8.

            	
              Non-Competition.

            

    

     

    During
any period for which Executive is receiving payments from the Corporation
(excluding any period after the first six months during which Executive is
receiving severance payments hereunder), Executive shall not directly or
indirectly:

     

    
      	
              (i)

            	
              own,
      manage, operate, join, control or participate in the ownership,
      management, operation or control of, or be employed by or connected in any
      manner with, any enterprise which is engaged in any business competitive
      with or similar to that of the Corporation; provided, however, that
      such restriction shall not apply to any passive investment representing an
      interest of less than two percent (2%) of an outstanding class of
      publicly-traded securities of any corporation or other enterprise which is
      not, at the time of such investment, engaged in a business competitive
      with the Corporation’s business; or

            

    

     

    
      	
              (ii)

            	
              encourage
      or solicit any of the Corporation’s employees to leave the Corporation’s
      employ for any reason or interfere in any other manner with employment
      relationships at the time existing between the Corporation and its
      employees; or

            

    

     

    
      	
              (iii)

            	
              solicit
      any customer of the Corporation or induce any customer or vendor of the
      Corporation to terminate its existing business relationship with the
      Corporation or interfere in any other manner with any existing business
      relationship between the Corporation and any customer, vendor or other
      third party.

            

    

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    

     

    Executive
hereby acknowledges that monetary damages may not be sufficient to compensate
the Corporation for any economic loss which may be incurred by reason of his
breach of the foregoing restrictive covenants.  Accordingly, in the
event of any such breach, the Corporation shall, in addition to the termination
of this Agreement and any remedies available to the Corporation at law, be
entitled to obtain equitable relief in the form of an injunction precluding
Executive from continuing such breach.

     

    
      	
              9.

            	
              Proprietary
      Information.

            

    

     

    A.           Executive
hereby acknowledges that the Corporation may, from time to time during the
Employment Period, disclose to Executive confidential information pertaining to
the Corporation’s business and affairs, technology, research and development
projects and client base, including (without limitation) financial information
concerning clients and prospective business opportunities.  All
information and data, whether or not in writing, of a private or confidential
nature concerning the business, technology or financial affairs of the
Corporation and its clients (collectively, “Proprietary Information”) is
and shall remain the sole and exclusive property of the
Corporation.  By way of illustration, but not limitation, Proprietary
Information shall include all trade secrets, research and development projects,
financial records, business plans, personnel data, computer programs and client
lists and accounts relating to the business operations, technology or financial
affairs of the Corporation, other similar items indicating the source of the
Corporation’s revenue, all information pertaining to the salaries, duties and
performance ratings of the Corporation’s employees and all financial information
relating to the Corporation’s clients and their proposed or contemplated
business transactions.

     

    B.           Executive
shall not, at any time during or after such Employment Period, disclose to any
third party or directly or indirectly make use of any such Proprietary
Information, other than in connection with the Corporation’s business and
affairs.

     

    C.           All
files, letters, memoranda, reports, records, data or other written, reproduced
or other tangible manifestations of the Proprietary Information, whether created
by Executive or others, to which the Executive has access during the Employment
Period shall be used by Executive only in the performance of his duties
hereunder.  All such materials (whether written, printed or otherwise
reproduced or recorded) shall be returned by Executive to the Corporation
immediately upon the termination of the Employment Period or upon any earlier
request by the Corporation, without Executive retaining any copies, notes or
excerpts thereof.

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    

     

    D.           Executive’s
obligation not to disclose or use Proprietary Information shall also extend to
any and all information, records, trade secrets, data and other tangible
property of the Corporation clients or any other third parties who may have
disclosed or entrusted the same to the Corporation or Executive in connection
with the Corporation’s business operations.

     

    E.           Executive’s
obligations under this Paragraph 9 shall continue in effect after the
termination of his employment with the Corporation, whatever the reason or
reasons for such termination, and the Corporation shall have the right to
communicate with any future or prospective employer of Executive concerning
Executive’s continuing obligations under this Paragraph 9.

     

    F.           In
addition to the foregoing provisions of this Paragraph 9, if requested by the
Board, Executive shall enter into the Corporation’s customary form of
“Proprietary Information and Inventions Agreement” (or similar agreement) that
is required of other executives of the Corporation.

     

    
      	
              10.

            	
              Successors
      and Assigns.

            

    

     

    The
provisions of this Agreement shall inure to the benefit of, and shall be binding
upon, the Corporation, its successors and assigns, and the Executive, the
personal representative of his estate and his heirs and legatees.

     

    
      	
              11.

            	
              Notices.

            

    

     

    A.           Any
and all notices, demands or other communications required or desired to be given
hereunder by any party shall be in writing and shall be validly given or made to
another party if served either personally or if deposited in the United States
mail, certified or registered, postage prepaid, return receipt
requested.  If such notice, demand or other communication shall be
served personally, service shall be conclusively deemed made at the time of such
personal service.  If such notice, demand or other communication is
given by mail, such notice shall be conclusively deemed given forty-eight (48)
hours after the deposit thereof in the United States mail addressed to the party
to whom such notice, demand or other communication is to be given as hereinafter
set forth:

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

     

    To the
Corporation:

     

    
      	
               
      

            	
              __________________________

            

    

    
      	
               
      

            	
              __________________________

            

    

    
      	
               
      

            	
              __________________________

            

    

    
      	
               
      

            	
              Attention:
      Chairman of the Board

            

    

     

    To Executive:

     

    
      	
               
      

            	
              __________________________

            

    

    
      	
               
      

            	
              __________________________

            

    

    
      	
               
      

            	
              __________________________

            

    

    

    B.           Any
party hereto may change its address for the purpose of receiving notices,
demands and other communications as herein provided by a written notice given in
the manner aforesaid to the other party hereto.

     

    
      	
              12.

            	
              Governing
      Law.

            

    

     

    The
provisions of this Agreement will be construed and interpreted under the laws of
the State of California applicable to agreements executed and to be wholly
performed within the State of California. If any provision of this Agreement as
applied to any party or to any circumstance should be adjudged by a court of
competent jurisdiction to be void or unenforceable for any reason, the
invalidity of that provision shall in no way affect (to the maximum extent
permissible by law) the application of such provision under circumstances
different from those adjudicated by the court, the application of any other
provision of this Agreement, or the enforceability or invalidity of this
Agreement as a whole.  Should any provision of this Agreement become
or be deemed invalid, illegal or unenforceable in any jurisdiction by reason of
the scope, extent or duration of its coverage, then such provision shall be
deemed amended to the extent necessary to conform to applicable law so as to be
valid and enforceable or, if such provision cannot be so amended without
materially altering the intention of the parties, then such provision will be
stricken and the remainder of this Agreement shall continue in full force and
effect.

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    

     

    
      	
              13.

            	
              Remedies.

            

    

     

    All
rights and remedies provided pursuant to this Agreement or by law shall be
cumulative, and no such right or remedy shall be exclusive of any
other.  A party may pursue any one or more rights or remedies
hereunder or may seek damages or specific performance in the event of another
party’s breach hereunder or may pursue any other remedy by law or equity,
whether or not stated in this Agreement.

     

    
      	
              14.

            	
              Counterparts; Delivery by
      Facsimile.

            

    

     

    This
Agreement may be executed in more than one counterpart, each of which shall be
deemed an original, but all of which together shall constitute but one and the
same instrument.  This Agreement and any signed agreement or
instrument entered into in connection with this Agreement, and any amendments
hereto or thereto, to the extent signed and delivered by means of a facsimile
machine or PDF attachment to electronic mail, shall be treated in all manner and
respects as an original agreement or instrument and shall be considered to have
the same binding legal effect as if it were the original signed version thereof
delivered in person.  At the request of any party hereto or to any
such agreement or instrument, each other party hereto or thereto shall
re-execute original forms thereof and deliver them to all other
parties.  No party hereto or to any such agreement or instrument shall
raise the use of a facsimile machine or electronic mail to deliver a signature
or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine or electronic mail as a
defense to the formation of a contract and each such party forever waives any
such defense, except to the extent such defense related to lack of
authenticity.

     

    

     

    [Signature
Page Follows]

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have executed this Executive Employment Agreement as of the day and year
written above.

     

    
      
        
          
            
              
                
                  
                    
                      	 
      	
                              GETFUGU,
      INC.

                            
	 
      	 
      	 
      
	 
      	      
                               
      

                               

                               

                            	 
      
	 
      	
                              By:

                            	
                               

                            
	 	 	 
	 
      	
                              Name:

                            	 
      
	 	 	 
	 
      	
                              Title:

                            	 
      
	 	 	 
	 	 	 
	 
      	
                              EXECUTIVE

                            	 
      
	 
      	
                               
      

                               

                               

                            	 
      
	 
      	   
      
	 
      	
                              Bernard
      Stolar

                            	 
      

                    

                  

                

              

            

          

        

      

    

    

    

    

     

    
      
         

      

      
        -11-Unassociated Document

    CONSULTING,
CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT

    

    This
Consulting, Confidentiality and Proprietary Rights Agreement ("Agreement") is
entered into as of the 8th day of April, 2009 (the “Effective Date”) by and
between Getfugu Inc.
(the “Company”), and Venor, Inc. (“Consultant”).

    

    WHEREAS,
the Company desires to engage Consultant to provide certain services as set
forth on Schedule attached hereto and as specified from time to time by the
Company.

    

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

    

    1.  Engagement.  The
Company hereby engages Consultant to perform, those duties set forth in the
Schedule attached hereto and such other duties as may be requested from time to
time by the Board of Directors of the Company. Consultant hereby accepts such
engagement upon the terms and subject to conditions set forth in this
Agreement.

    

    2.  Compensation.  For
the services rendered by Consultant under this Agreement, the Company shall pay
to Consultant the compensation specified in the Schedule which shall include
travel time, subject to the terms and conditions set forth in this
Agreement.

    

    3.  Term and
Survivability.  The term of this Agreement shall be for a
period from the Effective Date to December 31, 2009.  In addition,
this Agreement may be terminated if either party materially fails to perform or
comply with this Agreement or any material provision hereof. Termination shall
be effective five (5) days after notice of such material failure to perform or
comply with this Agreement or any material provision hereof to the defaulting
party if the defaults have not been cured within such five (5) day
period.  In the event, Consultant is compelled to spend time as
relates to his duties under this Agreement after the termination of this
Agreement, the Consultant shall be paid at a rate of $350 per hour. Upon
termination of this Agreement the following sections of this Agreement shall
survive such termination:  Sections 3, 5, 6, 7, 8, 10, 12 13 and
20.

    

    4.  Costs and Expenses of
Consultant’s Performance.  Except as set forth on the Schedule,
all costs and expenses of Consultant’s performance hereunder shall be borne by
the Consultant.

    

    5.  Taxes.  As
an independent contractor, Consultant acknowledges and agrees that it is solely
responsible for the payment of any taxes and/or assessments imposed on account
of the payment of compensation to, or the performance of services by Consultant
pursuant to this Agreement, including, without limitation, any unemployment
insurance tax, federal and state income taxes, federal Social Security (FICA)
payments, and state disability insurance taxes. The Company shall not make any
withholdings or payments of said taxes or assessments with respect to amounts
paid to Consultant hereunder; provided, however, that if required by law or any
governmental agency, the Company shall withhold such taxes or assessments from
amounts due Consultant, and any such withholding shall be for Consultant's
account and shall not be reimbursed by the Company to Consultant. Consultant
expressly agrees to make all payments of such taxes, as and when the same may
become due and payable with respect to the compensation earned under this
Agreement.

    

    6.  Confidentiality.  Consultant
agrees that Consultant will not, except when required by applicable law or order
of a court, during the term of this Agreement or thereafter, disclose directly
or indirectly to any person or entity, or copy, reproduce or use, any Trade
Secrets (as defined below) or Confidential Information (as defined below) or
other information treated as confidential by the Company known, learned or
acquired by the Consultant during the period of the Consultant's engagement by
the Company.  For purposes of this Agreement, "Confidential
Information" shall mean any and all Trade Secrets, knowledge, data or know-how
of the Company, any of its affiliates or of third parties in the possession of
the Company or any of its affiliates, and any nonpublic technical, training,
financial and/or business information treated as confidential by the Company or
any of its affiliates, whether or not such information, knowledge, Trade Secret
or data was conceived, originated, discovered or developed by Consultant
hereunder.  For purposes of this Agreement, "Trade Secrets" shall
include, without limitation, any formula, concept, pattern, processes, designs,
device, software, systems, list of customers, training manuals, marketing or
sales or service plans, business plans, marketing plans, financial information,
or compilation of information which is used in the Company's business or in the
business of any of its affiliates.  Any information of the Company or
any of its affiliates which is not readily available to the public shall be
considered to be a Trade Secret unless the Company advises Consultant in writing
otherwise. Consultant acknowledges that all of the Confidential
Information is proprietary to the Company and is a special, valuable and unique
asset of the business of the Company, and that Consultant's past, present and
future engagement by the Company has created, creates and will continue to
create a relationship of confidence and trust between the Consultant and the
Company with respect to the Confidential Information.  Furthermore,
Consultant shall immediately notify the Company of any information which comes
to its attention which might indicate that there has been a loss of
confidentiality with respect to the Confidential Information. In such event,
Consultant shall take all reasonable steps within its power to limit the scope
of such loss.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    

    7.    Return of the Company’s
Proprietary Materials.  Consultant agrees to deliver promptly
to the Company on termination of this Agreement for whatever reason, or at any
time the Company  may so request, all documents, records, artwork,
designs, data, drawings, flowcharts, listings, models, sketches, apparatus,
notebooks, disks, notes, copies and similar repositories of Confidential
Information and any other documents of a confidential nature belonging to the
Company, including all copies, summaries, records, descriptions, modifications,
drawings or adaptations of such materials which Consultant may then possess or
have under its control.  Concurrently with the return of such
proprietary materials to the Company, Consultant agrees to deliver to the
Company such further agreements and assurances to ensure the confidentiality of
proprietary materials.  Consultant further agrees that upon
termination of this Agreement, Consultant's, employees, consultants, agents or
independent contractors shall not retain any document, data or other material of
any description containing any Confidential Information or proprietary materials
of the Company.

    

    8.   Assignment of Proprietary
Rights.  Other than the Proprietary Rights listed on the
Schedule attached hereto, if any, Consultant hereby assigns and transfers to the
Company all right, title and interest that Consultant may have, if any, in and
to all Proprietary Rights (whether or not patentable or copyrightable) made,
conceived, developed, written or first reduced to practice by Consultant,
whether solely or jointly with others, during the period of Consultant's
engagement by the Company which relate in any manner to the actual or
anticipated business or research and development of the Company, or result from
or are suggested by any task assigned to Consultant or by any of the work
Consultant has performed or may perform for the Company.

    

    Consultant
acknowledges and agrees that the Company shall have all right, title and
interest in, among other items, all research information and all documentation
or manuals related thereto that Consultant develops or prepares for the Company
during the period of Consultant's engagement by the Company and that such work
by Consultant shall be work made for hire and that the Company shall be the sole
author thereof for all purposes under applicable copyright and other
intellectual property laws. Other than the Proprietary Rights listed on the
Schedule attached hereto, Consultant represents and covenants to the Company
that there are no Proprietary Rights relating to the Company's business which
were made by Consultant prior to Consultant's engagement by the Company.
Consultant agrees promptly to disclose in writing to the Company all Proprietary
Rights in order to permit the Company to claim rights to which it may be
entitled under this Agreement.  With respect to all Proprietary Rights
which are assigned to the Company pursuant to this Section 8, Consultant will
assist the Company in any reasonable manner to obtain for the Company's benefit
patents and copyrights thereon in any and all jurisdictions as may be designated
by the Company, and Consultant will execute, when requested, patent and
copyright applications and assignments thereof to the Company, or other persons
designated by the Company, and any other lawful documents deemed necessary by
the Company to carry out the purposes of this Agreement. Consultant will further
assist the Company in every way to enforce any patents, copyrights and other
Proprietary Rights of the Company.

    

    9.  Trade Secrets of
Others.  Consultant represents to the Company that its
performance of all the terms of this Agreement does not and will not breach any
agreement to keep in confidence proprietary information or trade secrets
acquired by Consultant in confidence or in trust prior to its engagement by the
Company, and Consultant will not disclose to the Company, or induce the Company
to use, any confidential or proprietary information or material belonging to
others. Consultant agrees not to enter into any agreement, either written or
oral, in conflict with this Agreement.

    

    10.  Other
Obligations.  Consultant acknowledges that the Company, from
time to time, may have agreements with other persons which impose obligations or
restrictions on the Company regarding proprietary rights made or developed
during the course of work hereunder or regarding the confidential nature of such
work. Consultant agrees to be bound by all such obligations and restrictions and
to take all action necessary to discharge the obligations of the Company
hereunder.

    

    11.  Independent
Contractor.  Consultant shall not be deemed to be an employee
or agent of the Company for any purpose whatsoever. Consultant shall have the
sole and exclusive control over its employees, consultants or independent
contractors who provide services to the Company, and over the labor and employee
relations policies and policies relating to wages, hours, working conditions or
other conditions of its employees, consultants or independent
contractors.

    

    12. Non-Solicit.
Consultant will not, during the term this Agreement and for one year thereafter,
directly or indirectly (whether as an owner, partner, shareholder, agent,
officer, director, employee, independent contractor, consultant, or otherwise)
with or through any individual or entity: (i) employ, engage or solicit for
employment any individual who is, or was at any time during the twelve-month
period immediately prior to the termination of this Agreement for any reason, an
employee of the Company, or otherwise seek to adversely influence or alter such
individual's relationship with the Company; or (ii) solicit or encourage any
individual or entity that is, or was during the twelve-month period immediately
prior to the termination of this Agreement for any reason, a customer or vendor
of the Company to terminate or otherwise alter his, her or its relationship with
the Company or any of its affiliates.  Section 12 does not apply to
individuals or entities known to the Consultant previous to the Effective
Date.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    13. Equitable
Remedies.  In the event of a breach or threatened breach of the
terms of this Agreement by Consultant, the parties hereto acknowledge and agree
that it would be difficult to measure the damage to the Company from such
breach, that injury to the Company from such breach would be impossible to
calculate and that monetary damages would therefore be an inadequate remedy for
any breach. Accordingly, the Company, in addition to any and all other rights
which may be available, shall have the right of specific performance, injunctive
relief and other appropriate equitable remedies to restrain any such breach or
threatened breach without showing or proving any actual damage to the
Company.

    

    14. Governing
Law.  This Agreement shall be governed, construed and
interpreted in accordance with the internal laws of the State of California. In
the event a judicial proceeding is necessary, the sole forum for resolving
disputes arising under or relating to this Agreement are the Municipal and
Superior Courts for the County of Orange, California or the Federal District
Court for the Central District of California and all related appellate courts,
and the parties hereby consent to the jurisdiction of such courts, and that
venue shall be in Orange County, California.

    

    15.  Entire Agreement:
Modifications and Amendments.  The terms of this Agreement are
intended by the parties as a final expression of their agreement with respect-to
such terms as are included in this Agreement and may not be contradicted by
evidence of any prior or contemporaneous agreement. The Schedule referred to in
this Agreement is incorporated into this Agreement by this reference. This
Agreement may not be modified, changed or supplemented, nor may any obligations
hereunder be waived or extensions of time for performance granted, except by
written instrument signed by the parties or by their agents duly authorized in
writing or as otherwise expressly permitted herein.

    

    16.  Attorneys
Fees.  Should any party institute any action or proceeding to
enforce this Agreement or any provision hereof, or for damages by reason of any
alleged breach of this Agreement or of any provision hereof, or for a
declaration of rights hereunder, the prevailing party in any such action or
proceeding shall be entitled to receive from the other party all costs and
expenses, including reasonable attorneys' fees, incurred by the prevailing party
in connection with such action or proceeding.

    

    17. Prohibition of
Assignment.  This Agreement and the rights, duties and
obligations hereunder may not be assigned or delegated by Consultant without the
prior written consent of the Company. Any assignment of rights or delegation of
duties or obligations hereunder made without such prior written consent shall be
void and of no effect.

    

    18.  Binding Effect: Successors
and Assignment.  This Agreement and the provisions hereof shall
be binding upon each of the parties, their successors and permitted
assigns.

    

    19.  Validity.  This
Agreement is intended to be valid and enforceable in accordance with its terms
to the fullest extent permitted by law. If any provision of this Agreement is
found to be invalid or unenforceable by any court of competent Jurisdiction, the
invalidity or unenforceability of such provision shall not affect the validity
or enforceability of all the remaining provisions hereof.

    

    20. Indemnification.  The
Company shall indemnify, defend and hold harmless Consultant from and against
any and all liability, loss, damage, expense, claims or suits arising out of:
(i) Company’s breach of this Agreement, including any representations warranty
contained herein; or (ii) the Services provided by Consultant, provided such
claim does not in any manner arise from Consultant’s grossly negligent or
willful act or omission. Additionally, Consultant will be covered under the
Director’s and Officer’s policy of the Company.  The Company will provide
evidence of coverage to the Consultant. 

    

    21.  Notices.  All
notices and other communications hereunder shall be in writing and, unless
otherwise provided herein, shall be deemed duly given if delivered personally or
by telecopy or mailed by registered or certified mail (return receipt requested)
or by Federal Express or other similar courier service to the parties at the
following addresses or (at such other address for the party as shall be
specified by like notice)

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    (i)  If
to the Company:

    Bernard
Stolar

    Getfugu
Inc.

    

    GetFugu,
Inc.

    600
Townsend Street 

    Suite
123 E

    San
Francisco CA 94103

    Fax:

    

    (ii) If
to the Consultant:

    Venor, Inc.

    1328 West Balboa

    Suite C

    Newport Beach, CA 92661

    Attn: Eric Stoppenhagen

    

    

    Any such
notice, demand or other communication shall be deemed to have been given on the
date personally delivered or as of the date mailed, as the case may
be.

    

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Consulting,
Confidentiality, and Proprietary Rights Agreement as of the Effective Date
written above.

    

    
      
        
          
            	 
      	
                    Venor,
      Inc.

                  
	 
      	
                    Consultant

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                    By:

                  	
                     _________________________________

                  
	 
      	Eric
      Stoppenhagen
	 
      	President
	 
      	 
      	 
      
	 
      	
                    Getfugu
      Inc.

                  
	 
      	
                    The
      Company

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                    By:

                  	
                    _________________________________

                  
	 
      	
                    Name:

                  	
                    Barnard
      Stolar

                  
	 
      	
                    Title:

                  	
                    CEO

                  

          

        

      

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    Schedule

    DUTIES AND OPERATIONAL
RESPONSIBILITIES:

    

    
      	
              1.

            	
              RESPONSIBILITIES

            

    

    
      	
               
      

            	
              a.

            	
              Consultant
      shall perform limited due diligence of Company matters that related to
      issues or circumstances that need additional investigation or validation
      including but not necessarily limited
to;

            

    

    
      	
               
      

            	
              i.

            	
              shareholder
      equity and other capital accounts and related agreements and
      records;

            

    

    
      	
               
      

            	
              ii.

            	
              share-based
      compensation plans and agreements, e.g., options, warrants, deferred
      compensation and their agreement with filed public
    documents;

            

    

    
      	
               
      

            	
              iii.

            	
              review
      of public filings with the Securities Acts, noting any that contain
      unusual or of interest information germane to the future business
      activities;

            

    

    
      	
               
      

            	
              iv.

            	
              discussions
      with Company personnel familiar with outstanding litigation matters and
      related potential financial impact;

            

    
      	
            	
              v.

            	
              general
      review of recent agreements (latest 2 years) to identify and surface any
      matters or information that should be investigated
  further;

            

    

    
      	
               
      

            	
              vi.

            	
              review
      of current year (2008) Form 10-K and related source documents and
      materials;

            

    

    
      	
               
      

            	
              vii.

            	
              review
      of auditor management reports and work papers for the last two
      years;

            

    

    
      	
               
      

            	
              viii.

            	
              discussion
      with Company  personnel regarding matters of interest or concern
      noted during location visit

            

    

    
      	
               
      

            	
              b.

            	
              Consultant
      shall provide financial consulting assistance to the Company with respect
      to certain accounting, filing and financial reporting
      requirements

            

    

    
      	
               
      

            	
              c.

            	
              Consultant
      shall perform additional duties from time to time as requested by email
      from the Company.

            

    

    

    2.            
REPORTING
SCHEDULE:

     

    The
character of Consultant’s Services shall be subject to the assignment and
direction of Bernard Stolar (“Director”) or other representative of Company as
directed by Company to the Consultant. Further, the character and scope of
Consultant’s Services may be revised by mutual agreement between Consultant and
Company and such revision will be evidenced by email.

     

    
      	
              3.

            	
              SCOPE

            

    

     

    It is
acknowledged that the Company is limiting the scope of the engagement of the
Consultant.  The Company is relying on the representations and
covenants of the principles of the other party.  The Company
acknowledges that the Consultant is not providing legal services and the Company
is relying upon outside council for all legal opinions and
representations.

     

    

    4.           
 COMPENSATION AND
PAYMENT TERMS:

    Consultant
services shall be paid as follows for services under the corresponding section
of this schedule:

    1a.  100,000 shares of the
Company’s stock transferred to Consultant prior to April 3, 2009. Shares are
deemed to be fully paid and vested as of April 3, 2009 for due diligence
services.

    1b.  Upon
the Company receiving a funding in excess of $20,000,000 or more, the Consultant
shall be paid at a rate of $6,000 per month in advance.

    1c.  For
additional services outside the scope of 1a or 1b, the Consultant shall bill at
a rate of $250 per hour unless otherwise agreed in writing by
email.

    

    5            
EXPENSES:

     

    Company
agrees to reimburse Consultant for other reasonably necessary expenses which
shall be paid at the end of every month. However, should such expenses exceed
$750 in any given calendar month; such expenses shall be pre-approved in advance
by Company in order to qualify to reimbursement. An email authorization by an
officer of Company shall be deemed a valid approval.

    
      
         

      

      
        5

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