Document:

EX106

                                 SISM

                Research & Investment Services

Erlenweg 15, 8302 Kloten-Zurich, Switzerland

Phone: ++411 881 2020 Fax: ++411 881 2024 Email: research@sism.com

 

Independent Analyst Report Contract

 

THIS CONTRACT is entered into this 20th day of June 2005 by and between SISM Research & Investment Services, Kloten-Zurich, Switzerland, and LEXINGTON RESOURCES, INC. 7473 West Lake Mead Road Las Vegas, Nevada 89128, to wit:

WHEREAS, SISM Research provides continuing research coverage regarding LEXINGTON RESOURCES, INC., in both English and German starting July 1, 2005 and ending June 30, 2007, IT IS AGREED THAT:

	SISM Research will provide continuing research coverage of LEXINGTON RESOURCES, INC. Inc., in both English and German. This two-year coverage will commence with an "institutional-quality" initial report, followed by up to three quarterly updates per year which shall be issued by the analyst following the release of subsequent FORM 10-Q.  Additionally, research notes shall be periodically issued by SISM analysts and track changes in earning estimates, ratings or analyses.  As with all quality research programs, the analyst shall spend time with management and thoroughly review the company's industry and competitive position; the investment rating shall be obtained after approximately 6-8 weeks of company and industry peer research. The analyst shall maintain close contact with the management of the company during the course of the coverage cycle. 

Initial Report: The initial, institutional type report shall contain SISM's own earnings model that is constructed from SISM's own research. This model, together with a share valuation model, which the analyst shall construct, will provide the basis for SISM's 6--12 month price target and investment recommendation.

Quarterly Updates: The corporate business and relevant industry events, along with both the earnings and valuation models, shall be updated in the quarterly reports. This shall include SISM's price targets and recommendations.  These updated reports shall be prepared and issued after quarterly earnings releases (FORM 10-Q).

Research Notes: Given that markets are continually receiving new corporate information, SISM Research analysts shall issue research notes to immediately comment on corporate developments, as well as to change price targets and recommendations.  These research notes shall be issued whenever the covering analyst desires to immediately communicate or comment on the impact of a corporate announcement or a change in the competitive position or economic condition underlying the investment thesis for the company under coverage.  

	LEXINGTON RESOURCES, INC. shall provide SISM Research with any and all necessary disclosed information, in a timely manner, to facilitate SISM's preparation of all reports.

	The Initial Report, written in English, will be ready for proofreading on August 15, 2005 or shortly thereafter, and will be sent by email to LEXINGTON RESOURCES, INC., by SISM.  The German report will be ready for distribution approximately ten (10) days after SISM receives the final proofread English version. 

	Distribution: SISM's analyst report is distributed via institutional networks and the Internet and is distributed by and available through Multex.com, a subsidiary of Reuters, to Thomson Financial "First Call" with more than 7,000 institutional subscribers. SISM Research Analyst reports are also distributed by the InvesTrend Research Syndicate via their distribution networks and partners, represented by its partners to be over 600,000 money managers, brokers and dealers for their own users and for use across a vast network of financial sites.  InvesTrend will issue a press release announcing the initiation of coverage and will also issue quarterly updates and Research Notes on the wires, including FinancialWire, Comtex News, ON24News.com, FirstAlert, Prime-Zone and/or Businesswire, Bloomberg, Merrill Lynch, Yahoo Finance, CSFB-Perishing, NASDAQ, Alta Vista, Morningstar, Silicon Investor, Bio-Space, CNET, Lycos, Quote.com OnMoney, InfoSpace, StockDr.com, The Deal, Stockgroup, Stockhouse, AT&T Wireless, HeyAnita, SprintPCS, Voquette, Standard & Poors, Internet.com, OnHealth, Divine, Big Charts, Briefing.com, Excite, Freereal-Time.com, NewsAlert, Pink Sheets, I/B/E/S First Call, Nelson's Zack's, Schwab Velocity First Alert Network, Knobias, CBS MarketWatch, VEReports, Chicago Tribune, News.com, The Motley Fool, Hoovers Online, latimes.com, OTC Bulletin Board, Charles Schwab, Smallcapcenter.com, Stock Point, NYTimes.com, The Street.com, , NASDAQ.com, AMEX.com, Bloomberg.com, AOL, MSNBC, Wall Street City, Google, BigCharts, New.com and in addition more than 6,000 newspapers and hundreds of thousands of financial desktops. 

	LEXINGTON RESOURCES, INC. has the right to distribute the reports on their own networks. 

	InvestTrend.com will post research reports (consisting of an initial report and quarterly updates) on its Web site (www.Investrend.com) and will not charge any fees for viewing its Web site.  Each company on InvesTrend's Web site will have an Investor Power page.

	Earnings estimates by SISM Research regarding each covered company shall be included in the Earning Estimates of Thomson First Call and Reuters. Coverage by SISM places a company in these firms' critical investment databases, which are used widely by the professional investing community in searches and screens involving analyst recommendations and estimates. 

	SISM will require a payment of US$5,000 before commencing work; subsequently, during the first (1st) year, SISM Research will require twelve (12) installments of US$1,750 each, due and payable on the first (1st) day of each consecutive month.  If the company shall be ten (10) days in default with the payment, a late payment interest fee of ten percent (10%) shall accrue and this late fee will be due and payable with the next monthly payment. The second year will commence after SISM has received twelve (12) installments of US$1,750 (plus the initial payment of US$5,000). During the second (2nd) year, which shall begin on July 1, 2006 and end on June 30, 2007, the monthly payment shall be US$1,750 per month. SISM Research will require twelve (12) installments of US$1,750 each, due and payable on the first (1st) day of each consecutive month. SISM Research will pay all expenses related to InvesTrend services including press releases, etc.  

	SISM's disclosures need to meet SEC 17(b) requirements which include: 1) How much is the fee or payment? 2) What was the form of the payment? 3) Who paid?  If the company, that disclosure is sufficient. 4) If not the company, the disclosure needs to say: a) Specific name of payer. b) Relationship of the payer to the issuer. 5) The disclosure needs to be in any publicly disseminated announcements, for example, press releases, summaries, on the report itself, and in FinancialWire (our news distribution resource).  

	SISM must also disclose that they do not own or trade equities under coverage. 

	This contract is not subject to cancellation except upon the express agreement of both SISM and LEXINGTON RESOURCES, INC.    

 

We hereby accept this agreement and confirm our acceptance of these terms with the following signatures:

 

Date: June 20, 2005

 

	
For: SISM Research & Investment Services                 

 

 

 
	
For LEXINGTON RESOURCES, INC. 

	
/s/ SISM Research & Investment Services

	
/s/ LEXINGTON RESOURCES, INC. 

	
Signature
	
Signature
	 
	
Ernest C. Schlotter
	 	 
	
Print Name
	
Print Name
	 
	
President & CEO
	
President and CEO
	 
	
SISM Research & Investment Services
	
LEXINGTON RESOURCES, INC.
	 
	
Title
	
TitleLetter Agreement between Mark D. Frost and the Company

 Exhibit 10.1 
  

			
	Mark D. Frost	 	

  
 September 1, 2005 
  
 Dear Mark, 
  
 On behalf of my colleagues at Saba, I am pleased to welcome you into the Saba community as the Chief Operating Officer. You are joining a
visionary company with an amazing team of people-passionate, accomplished, innovative individuals who enjoy being challenged and are energized by change. In seeking creative solutions, we learn from, as well as teach, each other; we leverage what
others have done as well as demonstrate leadership in thought and action. We look forward to your relationship with Saba, one in which you can grow, develop and take advantage of the opportunities Saba offers, all the while contributing to
Saba’s success. 
  
 Your employment will commence on September 12, 2005.
Your annual base salary will be $265,000.00 and your annual incentive target will be $110,000.00. I will work with you to determine the terms of your compensation plan within the first thirty days of your employment. 
  
 In the event that your employment with Saba is terminated without Cause (as defined below),
we will pay you six months of your base salary, less appropriate federal and state with holdings. Such amounts shall be payable either as a lump-sum or in the form of salary continuation, whichever the company shall determine in its sole discretion,
and shall be subject to the execution by you of a release of claims reasonably acceptable to the company. For purposes of this letter, termination of your employment shall be for “Cause” if, in the reasonable opinion of Saba, you:
(i) act in bad faith and to the detriment of Saba or any successor; (ii) refuse or fail to act in accordance with any specific direction or order of the CEO or President of Saba or any successor; (iii) exhibit, in regard to your
employment, unfitness or unavailability for service, unsatisfactory performance, or misconduct, other than as a result of a disability; (iv) exhibit dishonesty, habitual neglect, or incompetence, other than as a result of a disability;
(v) are convicted of a crime involving dishonesty, breach of trust, or physical or emotional harm to any person; or (vi) breach this letter or the Proprietary Information Agreement entered into between you and Saba. 
  
 Should Saba be required to pay you the severance benefits described in the preceding
paragraph, Saba will also reimburse you for 100% of your personal COBRA premiums and for 90% of your dependants COBRA premiums during such 6 month period, or until the time that you obtain alternative employment, whichever occurs first. You agree to
notify Saba of your acceptance of employment with another company within five days of such acceptance. 
  
 In addition, and subject to the approval of Saba’s Board of Directors, you will be granted an option to purchase 225,000 shares of Saba Common Stock at the market price in effect the date the Board approves the
grant. This option vests over the course of four years in 16 equal quarterly installments with the first installment vesting one quarter after the date that your employment commences. Notwithstanding the foregoing vesting schedule, the stock subject
to the option will vest in full and become immediately exercisable in the event of a Corporate Event (as defined below) and, within 12 months after such Corporate Event, either your employment 

  

 Saba    saba.com    2400 Bridge Parkway    Redwood Shores, CA 94065-1166    USA    +1-650-696-3840  
  info@saba.com 

 
with Saba is terminated by Saba or its successor without Cause or you terminate your employment as a result of a reduction to your rate of base compensation
or a material reduction to the scope of your responsibilities. Details about Saba’s 2000 Incentive Stock Plan and your Stock Option Agreement will be sent to you upon the Board’s approval of your option. In the event of any conflict
between the terms of this letter and the option agreement, the option agreement will prevail. As used herein, the term “Corporate Event” means any of the following transactions: (1) a merger or consolidation in which Saba is not the
surviving entity (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of Saba in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of Saba); (2) a
merger in which Saba is the surviving corporation but after which the owners of the equity of Saba immediately prior to such merger cease to own their shares or other equity interest in Saba; (3) the sale of substantially all of the assets of
Saba; (4) the acquisition, sale or transfer of more than 50% of the outstanding shares or equity interests of Saba by tender offer or similar transaction; or (5) any of the foregoing transactions with respect to any entity that controls,
either directly or through one or more intermediary entities, Saba. 
  
 You are
also entitled to receive our standard employee benefits package, the details of which will be sent to you separately. Please be aware that these benefits are subject to change. 
  
 You agree that for 6 months after the termination of your employment relationship with Saba, you shall not, for yourself or any third party,
directly or indirectly, (a) divert or attempt to divert from Saba any business of any kind, including, without limitation, the solicitation of or interference with any of its prospects, customers, clients, business partners or suppliers, or
(b) employ, solicit for employment or recommend for employment with a party other than Saba any Saba employee. You acknowledge that there is a substantial likelihood that the activities described in this paragraph would involve the unauthorized
use or disclosure of Saba’s confidential information and that use or disclosure of such information would be extremely difficult to detect. You have accepted the limitations of this paragraph as a reasonably practicable and unrestrictive means
of preventing such use or disclosure. 
  
 We believe that each employee’s
contribution to Saba is valuable. Much of what you learn and create at Saba will be considered confidential and proprietary. Given this fact, we require that you sign Saba’s Employee Proprietary Information and Inventions Agreement prior to
your first day of employment. It is equally important to Saba that you continue to maintain in confidence all confidential or proprietary information of you previous employer(s). We are extending you this offer based on your general skills and
abilities and not your possession of any proprietary information belonging to your former employer(s). As a condition to your employment, Saba requires that you do not disclose to Saba or use for Saba’s benefit any such information and that you
do not bring to Saba any materials belonging to your former employer(s) or created by you in connection with your prior employment. 
  
 While we are sure you share our enthusiasm about your joining us, we also respect your and Saba’s rights to make decisions that ensure our mutual best interests.
Therefore, please recognize that your employment with Saba is for an unspecified duration and is at-will. This means that either you or Saba has the right to end your employment at any time, with or without cause and with or without notice.

  
 We are excited about having you join Saba. This letter and any attachments
constitute the entire employment agreement and understanding between you and Saba, and supersede all prior verbal discussions between us. 
  
 Please acknowledge your acceptance of this offer by signing and returning the enclosed copy of this offer letter and the Employee Proprietary Information and Inventions
Agreement to Cecilia Marino by Tuesday, September 6, 2005 (fax. 650.581.2545). By signing this letter and indicating acceptance of its terms, you also represent that you may legally work in the United States and 

 
agree to provide the necessary supporting documentation. I look forward to welcoming you in person. 
  

	
	 Saba Software, Inc.

	
	 /s/ Bobby Yazdani

	 Bobby Yazdani

	 CEO and Chairman

  
 Acceptance: 
  
 I accept the terms of my employment with Saba as Chief
Operating Officer, as set forth herein. I understand that this offer letter does not constitute a contract of employment for any specified period of time, and that my employment relationship may be terminated by either party. 
  

	
	
	 /s/ Mark D. Frost

	 Signature

  
 September 1, 2005 

	Date

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