Document:

Exhibit 10.2 Asset Purchase Agreement

ASSET PURCHASE AGREEMENT

This ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of August 5, 2013, by and between Agile Opportunity Fund, LLC, a Delaware limited liability company (“Agile” or the “Seller”) and Domain Media Corp., a Nevada corporation (the “Purchaser” or the “Company”) (collectively the “Parties” and individually a “Party”).

W I T N E S S E T H:

WHEREAS, Agile acquired all of the assets (the “EON Assets”) of Enthusiasts’ Online Network, Inc., a Delaware corporation (“EON”), pursuant to that certain Agreement and Consent to Surrender and Acceptance of Collateral, made by and between Agile and EON as of June, 2013 (the “Surrender Agreement”); and

WHEREAS, subject to the terms and conditions set forth in this Agreement, Purchaser desires to acquire from Seller and Seller desires to sell to Purchaser all of the EON Assets acquired by Seller pursuant to the Surrender Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the representations and warranties, covenants and agreements, and subject to the conditions contained herein, the Parties hereby agree as follows:

ARTICLE I

PURCHASE OF ASSETS

1.1

Purchase and Sale of Acquired Assets.  Subject to the terms and conditions of this Agreement, Seller hereby sells, assigns, conveys and transfers to Purchaser free of all liens, claims or encumbrances , and Purchaser hereby purchases from Seller, all right, title and interest in and to all of the EON Assets as set forth on Schedule 1.1 hereto (collectively, the “Acquired Assets”).  

1.2

Purchase Price.  As consideration for the grant, sale, assignment, transfer and delivery of the Acquired Assets hereunder, at Closing (as defined herein), the Purchaser shall issue to Seller a share certificate (the “Certificate”) representing 3,333,000 shares (the “Shares”) of the Purchaser’s common stock, par value $0.0001 per share (the “Common Stock”).  

ARTICLE II

CLOSING

2.1

Closing.  The closing of the sale and transfer of the Acquired Assets (the “Closing”) shall be effective as of the date first set forth above (the “Closing Date”). 

2.2

Documents Delivered in Connection with the Closing.

(a)

Concurrently with the execution and delivery of this Agreement, Purchaser shall deliver to Seller (i) the Certificate and (ii) such other documents or instruments reasonably requested by Seller in connection with the transactions contemplated pursuant to this Agreement.

(b)

Concurrently with the execution and delivery of this Agreement, Seller shall deliver to Buyer (i) the Acquired Assets and (ii) such other documents or instruments reasonably requested by the Buyer in connection with the transactions contemplated pursuant to this Agreement.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SELLER

Seller represents and warrants to Purchaser as follows:

3.1

Organization and Good Standing.  Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware.

3.2

Power and Authority.  Seller has the full power and authority to enter into this Agreement and the agreements contemplated hereby to which it is a party and to consummate the transactions contemplated hereby and thereby.  This Agreement constitutes a legal, valid and binding obligation of Seller enforceable in accordance with its terms.

3.3

Brokerage. There are no Claims for brokerage commissions, investment banking or finders’ fees or expenses or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or contract binding upon the Seller or its representatives.  For purposes of this Agreement, “Claim” shall mean any action, claim, lawsuit, demand, suit, inquiry, hearing, investigation, notice of a violation or noncompliance, litigation, proceeding, arbitration, appeals or other dispute, whether civil, criminal, administrative or otherwise.

3.4

Litigation. There are no actions, suits, proceedings or investigations pending or, to Seller’s knowledge, threatened against the Seller or the EON Assets before any court or governmental agency that questions the validity of the Agreement or the right of the Seller to enter into the Agreement, or the right of Seller to perform its obligations contemplated hereby, or that, either individually or in the aggregate, if determined adversely to Seller, would or could reasonably be expected to have a material adverse effect or result in any change in the current ownership or clear title of the EON Assets owned by Seller.  The Seller is not a party or subject to the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality.

3.5

No Other Representations.  IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT MAKING AND HAS NOT AT ANY TIME MADE ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, WITH RESPECT TO THE ACQUIRED ASSETS, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OR REPRESENTATIONS AS TO THE MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

THE PURCHASER ACKNOWLEDGES AND AGREES THAT UPON CLOSING, SELLER SHALL SELL AND CONVEY AND PURCHASER SHALL ACCEPT THE ACQUIRED ASSETS “AS IS, WHERE IS, WITH ALL FAULTS.”  THE PURCHASER HAS NOT RELIED NOR WILL IT RELY ON, AND SELLER ARE NOT LIABLE FOR OR BOUND BY, ANY EXPRESS OR IMPLIED WARRANTIES, GUARANTEES, STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE ACQUIRED ASSETS OR RELATING THERETO MADE OR FURNISHED BY THE SELLER OR THEIR REPRESENTATIVES, TO WHOMEVER MADE OR GIVE, DIRECTLY OR INDIRECTLY, ORALLY OR IN WRITING, EXCEPT AS EXPRESSLY STATE HEREIN. 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

The Purchaser represents and warrants to Seller as follows:

4.1

Organization and Good Standing.  Purchaser is a C corporation duly organized, validly existing and in good standing under the laws of the State of Nevada.  The Purchaser is duly qualified or licensed to do business and is in good standing in every jurisdiction in which the conduct of its business or the ownership or lease of its properties, require it to be so qualified or licensed and where the failure to be qualified or licensed will not have a material adverse effect.

4.2

Power and Authority.  The Purchaser has full power and authority to enter into this Agreement and the agreements contemplated hereby to which it is a party and to consummate the transactions contemplated hereby, including the issuance of the Shares to the Seller.  This Agreement and all other agreements contemplated hereby to be entered into by Purchaser constitute the legal, valid and binding obligation of the Purchaser enforceable against Purchaser in accordance with their terms.

4.3

No Violation.  The execution, delivery and performance the Purchaser of this Agreement, and all other agreements contemplated hereby, and the fulfillment of and compliance with the respective terms hereof and thereof the Purchaser, do not and will not conflict with or result in a breach of the terms, conditions or provisions of or constitute a default or event of default under the certificate of incorporation or bylaws of the Purchaser or any agreements to which the Purchaser is a party or by which the Purchaser is bound.

4.4

Issuance of Shares.

The Shares when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid and nonassessable, and will be free of all liens, claims or encumbrances other than restrictions on transfer under applicable state and federal securities laws.

4.5

Capitalization.  

(a)

As of immediately prior to the Closing, the authorized capital stock of the Company consists of 100,000,000 shares of Common Stock, 25,500,000 of which are issued and outstanding and 10,000,000 shares of Preferred Stock, none of which are outstanding.  The Purchaser has reserved 3,000,000 shares of Common Stock for issuance pursuant to Purchaser’s Stock Option Plan (the “Option Plan”).  All issued and outstanding shares have been duly authorized and validly issued and are fully paid and nonassessable and have been issued in compliance with all applicable state and federal securities laws.  

(b)

Following the Closing, the Purchaser intends to raise up to $200,000 in exchange for the sale of Common Stock to friends and family of Purchaser’s principal at a price of $0.10 per share (the “Friends and Family Financing”).  Upon the final issuance of shares of Common Stock pursuant to the Friends and Family Financing, Seller shall own not less than ten percent (10%) of the issued and outstanding capital stock of Purchaser (failing which, Purchaser shall issue additional shares of Common Stock to Seller such that Seller shall own ten (10%) of Purchaser’s issued and outstanding capital stock of Purchaser as of the final closing under the Friends and Family Financing.

(c)

Except for the Friends and Family Financing and the shares of Common Stock reserved for issuance pursuant to the Option Plan, there are no outstanding rights, options, warrants, preemptive rights, rights of first refusal or similar rights for the purchase or acquisition from the Company of any securities of the Company, nor are there any commitments to issue or execute any such rights, options, warrants, preemptive rights or rights of first refusal.  

4.6

Brokerage.  There are no Claims for brokerage commissions, investment banking or finders’ fees or expenses or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or contract binding upon the Purchaser or its representatives.  For purposes of this Agreement, “Claim” shall mean any action, claim, lawsuit, demand, suit, inquiry, hearing, investigation, notice of a violation or noncompliance, litigation, proceeding, arbitration, appeals or other dispute, whether civil, criminal, administrative or otherwise.

4.7

Financial Statements; Operations.  The Purchaser was recently formed, has not yet begun significant operations, and has not prepared any financial statements.  On or about July 10, 2013, Purchaser acquired all or substantially all of the assets of Domain Media, LLC and Purchaser has valid title to such assets free and clear of all liens, claims or other encumbrances.  Except as set forth on Exhibit A, the Purchaser has not incurred or assumed any material liabilities, other than liabilities paid or incurred in connection with its incorporation, organization, financing, legal services, payment of salaries or other miscellaneous expenses incident to its operations prior to the Closing and that are not individually or in the aggregate material.

4.8

Litigation.  There are no actions, suits, proceedings or investigations pending or threatened against the Purchaser or its properties before any court or governmental agency that questions the validity of the Agreement or the right of the Purchaser to enter into the Agreement, or the right of Purchaser to perform its obligations contemplated hereby, or that, either individually or in the aggregate, if determined adversely to Purchaser, would or could reasonably be expected to have a material adverse effect or result in any change in the current equity ownership of the Purchaser.  The Purchaser is not a party or subject to the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality.

ARTICLE V

SURVIVAL AND INDEMNIFICATION

5.1

Survival of Representations and Warranties and Covenants.  Each of the representations and warranties and covenants (except to the extent the covenant otherwise specified) contained herein or in any instrument or document delivered or to be delivered pursuant to this Agreement, shall survive execution hereof.  

5.2

Indemnification by Seller.  Seller shall indemnify, defend and hold harmless the Purchaser, and its respective directors, officers, employees, agents, stockholders, representatives (collectively, the “Purchaser Indemnitees”) from any damage, loss, deficiency, liability, obligation, commitment, Claim, cost or expense (including the reasonable fees and expenses of legal counsel) or in respect of, any breach of a representation or warranty, or covenant contained herein, made by, or non-fulfillment of any covenant or obligation on the part of, Seller under this Agreement.

5.3

Indemnification by the Purchaser.  The Purchaser shall indemnify, defend and hold harmless Seller and its members, directors, officers, employees, agents, representatives, as applicable (collectively, the “Seller Indemnitees”) from any damage, loss, deficiency, liability, obligation, commitment, Claim, cost or expense (including the reasonable fees and expenses of legal counsel) or in respect of, (i) any breach of a representation or warranty, or covenant contained herein, made by, or non-fulfillment of any covenant or obligation on the part of, the Purchaser under this Agreement or any other document delivered by Purchaser pursuant hereto and (ii) the Acquired Assets.

ARTICLE VI

MISCELLANEOUS PROVISIONS

6.1

Seller’s Right of First Refusal.  From and after the date hereof, in the event the Purchaser proposes to undertake an issuance of capital stock (including Common Stock or Preferred Stock) of Purchaser whether now or hereafter authorized, or any rights, options or warrants to purchase capital stock, or any securities of any type whatsoever that are, or may become, convertible into capital stock (collectively, “New Securities”) other than issuances pursuant to the Friends and Family Financing or the Option Pool, it shall give Seller written notice of its intention, describing the type of New Securities, the price and the terms upon which the Purchaser proposes to issue the same.  Seller shall have ten (10) business  days from the date of receipt of any such notice to agree to purchase up to Seller’s pro-rata share of such New Securities (initially 10%) for the price and upon the terms specified in the notice by giving written notice to Purchaser and stating therein the quantity of New Securities to be purchased.  Notwithstanding anything herein to the contrary, the Purchaser shall have the right to consummate an offering of New Securities without giving the prior notice required herein; provided, that, the Purchaser reserves sufficient shares of New Securities to satisfy the participation rights of the Seller hereunder and Purchaser provides Seller with a subscription notice offering them the right to subscribe for such reserved shares, on terms no less favorable than those offered to any other subscriber, no later than five (5) days from the date of the closing of such financing and providing them at least thirty (30) days to accept such offer to subscribe. The Seller’s first right of refusal shall expire upon the earlier of a) two (2) years; b) the dissolution of Agile; c) Agile filing for bankruptcy, or d) Agile being indicted or sanctioned for any act of fraud. 

6.2

Amendment and Modification.  This Agreement may be amended, modified and supplemented only by written agreement of all the Parties hereto with respect to any of the terms contained herein.

6.3

Waiver of Compliance.  Any failure of any party hereto to comply with any obligation, covenant, agreement or condition herein may be waived in writing by the other Parties hereto, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

6.4

Notices.  Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or 48 hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, addressed to the party to be notified at such party’s address as set forth on the signature page hereto, or as subsequently modified by written notice, and if to the Seller, with a copy to Westerman Ball Ederer Miller and Sharfstein, LLP, 1201 RXR Plaza, Uniondale, New York 11556, Attn: Alan C. Ederer, Esq., and if to Purchaser, with a copy to Quick Law Group, PC., 900 West Pearl Street, Suite 300, Boulder, CO. 80302, Attn: Jeffrey Quick, Esq.

6.5

Assignment.  Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto without the prior written consent of the other parties, except that Purchaser may assign in writing its rights, interests and obligations hereunder to any affiliate without the consent of the other parties hereto.

6.6

Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts made and to be performed entirely in such state without regard to principles of conflicts of laws or any other law that would make the laws of any other jurisdiction other than the State of New York applicable hereto.  Each of the Parties hereto submits to the personal jurisdiction of and each agrees that all proceedings relating hereto shall be brought in the state courts located within Nassau County in the State of New York.  The prevailing party in connection with any proceeding hereunder shall be entitled to recovery of its attorneys’ fees.

6.7

Entire Agreement.  This Agreement, including the annex, schedules and exhibits hereto embodies the entire agreement and understanding of the parties hereto in respect of the transactions contemplated by this Agreement and supersedes all prior contracts, representations, warranties, promises, covenants, arrangements, communications and understandings, oral or written, express or implied, between the parties with respect to such transactions.

6.8

Severability.  If any provision of this Agreement or the application of any such provision to any Person or circumstance shall be held to be prohibited by, illegal or unenforceable under applicable law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition or illegality or unenforceability, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

6.9

No Third Party Beneficiaries.  This Agreement is for the sole benefit of the Parties and their permitted successors and assigns and nothing herein express or implied shall be construed to give any person, other than the parties of such permitted successors and assigns, any legal or equitable rights hereunder.

6.10

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

[-signature page follows-]

IN WITNESS WHEREOF, the parties hereto have made and entered into this Asset Purchase Agreement as of the date first set forth above.

							
	SELLER:

	 
	AGILE OPPORTUNITY FUND LLC

	 
	 
	 
	 
	 
	 

	 
	 
	 
	By: Agile Investments LLC

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	By:

	 
	 

	 
	 
	 
	 
	Name: David Propis

	 

	 
	 
	 
	 
	Title: Managing Member

	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Address: 

1175 Walt Whitman Road, Suite 333

Melville, NY 11747

						
	PURCHASER:

	 
	DOMAIN MEDIA CORP.

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	By:

	 
	 

	 
	 
	 
	 
	Name: Christopher Kern

	 

	 
	 
	 
	 
	Title: President

	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Address: 

1854 E. Scorpio Place

Chandler, AZ 85249

SCHEDULE 1.1

ACQUIRED ASSETS

EON’s existing assets can be broken into four categories: 

1) Active websites

2) Domains

3) IP

4) Other

ACTIVE WEBSITES

In the active websites, we have a core surrounding our TruckWorld social media sites and several periphery sites with related content or branches where we determined there would be interest. Here is a list of currently active sites (NOTE: as of 8/1/2013 these sites are down and not active):

Amped-RC.com

Boats

Backyard Horses

Chevy trucks

Classic trucks

College Breaks

Corvettes

Diesel trucks

Dodge trucks

DogHouse.pro

Ford trucks

Harley Zone

Horror movies

Hummers

Hunting and Fishing

JEEPERZ.com

Nissan trucks

Mini trucks

Muscle Car News

Mustang Life

OffroadWorld.net

ProjectsByMe.com

PT Cruisers

Sport trucks

Street bikes

SUVs

Toyota trucks

TrophyGarden.com

TRUCKWORLD

 

DOMAINS

EON is in possession of high quality domain names. Many related to the automotive industry. The majority are “.com”

Domain Name

Expires

Status

4X4ADVENTUREWORLD.COM

6/28/2013

Active - Locked

ALCOHOLCANBEFUN.COM

11/15/2013

Active - Locked

ALIENSANDWIZARDS.COM

11/15/2013

Active - Locked

ANCHORNATION.COM

8/26/2013

Active - Locked

BACKYARDHORSES.COM

10/14/2013

Active - Locked

BEYONDALBATROSS.COM

9/8/2013

Active - Locked

BREAKINGCOLLEGE.COM

11/15/2013

Active - Locked

CADILLACTRUCKWORLD.COM

1/14/2014

Active - Locked

CASINOAN.COM

11/15/2013

Active - Locked

CHEVYTRUCKWORLD.COM

4/8/2013

Active - Locked

CHEVYTRUCKWORLD.NET

7/20/2013

Active - Locked

CLASSICTRUCKWORLD.COM

3/8/2013

Active - Locked

CORVETTELIFESTYLES.COM

4/17/2013

Active - Locked

DEALER-SERVICES.NET

3/13/2014

Added

DIESELTRUCKWORLD.COM

10/6/2013

Active - Locked

DODGETRUCKWORLD.COM

5/7/2013

Active - Locked

DRIVETRAINGUIDE.COM

3/16/2013

Active - Locked

DRIVINGANDWRENCHING.COM

4/26/2013

Active - Locked

ENTHUPOWER.COM

3/5/2013

Active - Locked

ENTHUSIASTNET.COM

4/13/2013

Active - Locked

ENTHUSIASTNETWORK.COM

1/31/2014

Active - Locked

ENTHUSIASTNETWORK.NET

1/31/2013

Active - Locked

ENTHUSIASTNETWORK.ORG

1/31/2013

Active - Locked

ENTHUSIASTSONLINENETWORK.COM

1/14/2014

Active - Locked

ENTHUSIASTWORLD.COM

4/24/2013

Active - Locked

EW3S.COM

1/25/2014

Active - Locked

EWWHEELS.COM

3/4/2013

Active - Locked

EWZONE.COM

6/10/2013

Active - Locked

F-150.COM

4/9/2013

Active - Locked

FITNESSANDDIETING.COM

11/15/2013

Active - Locked

FORDTRUCKSWORLD.COM

5/1/2013

Active - Locked

FORDTRUCKSWORLD.NET

5/1/2013

Active - Locked

FORDTRUCKWORLD.COM

1/24/2014

Active - Locked

FORDTRUCKWORLD.NET

5/7/2013

Active - Locked

FORUMDELAMODE.COM

11/15/2013

Active - Locked

FRIENDLYWAVES.COM

11/15/2013

Added

GMCTRUCKWORLD.COM

1/14/2014

Active - Locked

GTOENTHUSIAST.COM

12/11/2013

Active - Locked

HARLEYZONE.COM

5/19/2013

Active - Locked

HARLEYZONE.NET

5/19/2013

Active - Locked

HOMEFORDOGLOVERS.COM

4/26/2013

Active - Locked

HONDATRUCKWORLD.COM

12/19/2013

Active - Locked

HUMMERTRUCKWORLD.COM

8/3/2013

Active – Locked

HUMMERTRUCKWORLD.NET

8/3/2013

Active - Locked

ICENTRICMEDIA.COM

2/15/2014

Active - Locked

IMPOSSISPY.COM

2/1/2014

Active - Locked

INSTANTEON.COM

2/5/2014

Active - Locked

ISUZUTRUCKWORLD.COM

1/14/2014

Active - Locked

JEEPERZ.COM

5/7/2013

Active - Locked

KITE-FORUMS.COM

11/15/2013

Active - Locked

LINESANDAMMO.COM

8/26/2013

Active - Locked

MAZDATRUCKWORLD.COM

1/14/2014

Active - Locked

MINITRUCKZONE.COM

4/22/2013

Active - Locked

MINITRUCKZONE.NET

3/9/2013

Active - Locked

MITSUBISHITRUCKWORLD.COM

1/14/2014

Active - Locked

MOBILEAUDIOWORLD.COM

9/3/2013

Active - Locked

MODERNVETTE.COM

12/11/2013

Active - Locked

MUSCLECARNEWS.COM

3/16/2013

Active - Locked

MUSTANGLIFE.COM

10/16/2013

Active - Locked

MUSTANGLIFE.NET

10/16/2013

Active - Locked

MUSTANGWEEKLY.COM

4/12/2013

Active - Locked

MYCHEVYTRUCK.COM

4/24/2013

Active - Locked

MYTOYOTATRUCK.COM

5/7/2013

Active - Locked

MYTRUCKWORLD.COM

6/13/2013

Active - Locked

NISSANTRUCKWORLD.COM

8/3/2013

Active - Locked

NISSANTRUCKWORLD.NET

8/3/2013

Active - Locked

OFFROADWORLD.NET

4/22/2013

Active - Locked

OURCARCLUB.COM

1/24/2014

Active - Locked

PIONEERINGINC.COM

12/19/2013

Added

POKERENTHUSIAST.NET

7/27/2013

Active - Locked

POKERENTHUSIASTNETWORK.COM

7/27/2013

Active - Locked

PROJECTSBYME.COM

8/31/2013

Active - Locked

PTCRUISERWORLD.COM

5/1/2013

Active - Locked

READERSRIDES.COM

8/5/2013

Active - Locked

RIDINGANDWRENCHING.COM

4/26/2013

Active - Locked

SAIKOMANGA.COM

11/15/2013

Active - Locked

SANDSPORTSWORLD.COM

4/11/2013

Active - Locked

SHARINGROMANCE.COM

11/15/2013

Active - Locked

SPORTRUCKWORLD.COM

4/24/2013

Active - Locked

SPORTTRUCKHQ.COM

1/24/2014

Active - Locked

SPORTTRUCKWORLD.COM

4/24/2013

Active - Locked

STREETCYCLEWORLD.COM

7/5/2013

Active - Locked

STREETCYCLEWORLD.NET

7/5/2013

Active - Locked

STREETRODWORLD.COM

4/24/2013

Active - Locked

SUSPENSIONBUYINGGUIDE.COM

3/16/2013

Active - Locked

SUVWORLD.COM

4/22/2013

Active - Locked

SUVWORLD.NET

5/4/2013

Active - Locked

SUZUKITRUCKWORLD.COM

1/14/2014

Active - Locked

TENMAGAZINES.COM

1/11/2014

Active - Locked

THEHORRORSPOT.COM

9/15/2013

Active - Locked

THUMBLETE.COM

9/8/2013

Active - Locked

TOYOTATRUCKWORLD.COM

6/9/2013

Active - Locked

TOYOTATRUCKWORLD.NET

6/9/2013

Active - Locked

TROPHYGARDEN.COM

11/15/2013

Active – Locked

TRUCKMOXIE.COM

12/17/2013

Active - Locked

TRUCKSERVICEGUIDE.COM

3/16/2013

Active - Locked

TRUCKSMAG.COM

10/18/2013

Active - Locked

TRUCKWORLD.COM

12/10/2013

Active - Locked

TRUCKWORLD.ORG

12/10/2013

Active - Locked

TRUCKWORLDTV.COM

9/7/2013

Active - Locked

TUNDRATRUCKWORLD.COM

9/24/2013

Active - Locked

ULTIMATE-COMICS.COM

1/24/2014

Added

ULTRASTREET.COM

1/24/2014

Active - Locked

VERTICALREV.COM

1/24/2014

Active - Locked

WHEELANDTIREGUIDE.COM

3/16/2013

Active - Locked

IP

Software

EON developed a flexible proprietary set of interlocking applications written with .NET and utilizing SQL Server that include

·

a high resolution gallery storage and presentation

·

profile management including “achievements” for incentivizing users

·

“friends” and “group” controls

·

ad management system integrated with Google Ad Manager

·

site and group sponsors ad management system with analytics

·

a very robust, highly scalable forum/message board

·

messaging system for network wide, site wide, group, sub-group, friends, and person-to-person contact system

·

innovative photo tagging system that allowed users to create categories related to the site’s interest i.e. “Muddy” for off-road related sites

·

photo rating system enabling users to evaluate pictures. Results automatically generate achievements and can be searched by most popular/highest rates/etc.

·

Photo rating system extended the tags and allowed for users to vote for “Muddiest” as an example

·

editor system that allows site moderator to highlight any content

·

group/chapter system that allows members to self-organize into public/semi-private/private clusters. Groups could then customize their own sub-page as well as monetize sponsors in a profit share agreement

·

event system which allows moderators and groups to post events

·

editor Q&A system which allows the site operator to post a question of the day/week/month/season. The Q&A appears on the home page. Users’ answers consolidate into a forum for archiving. This instant top-most question was an excellent driver to reach new members and to keep existing members engaged

·

individual blogging system which allowed users to create a public /semi-private/private linear sequence of entries

Most importantly, the entire enterprise was developed to rapidly deploy an entire new site with features turned on/off with very few code changes. Estimation time for deployment of new site is less than 16 hours from domain purchase to full deployment. 

Brand

EON runs TruckWorld.com. TruckWorld.com and its sister properties Chevy Truck World, Dodge Truck World & Ford Truck World were once very popular automobile enthusiast brands. Each of the aforementioned had print 

magazines as well as the existing web presence. They collectively had several thousand loyal members of regionally based chapters.

 

User generated content

Over the past decade (since 2002), the Truck Worlds have attracted almost 3⁄4 million user contributed photos of trucks, cars, and vehicle modifications.  There are 10 million individual forum posts.

Other

Hardware

EON runs completely in the cloud with services provided by GoDaddy. The dozen servers, routers, and firewalls that it formerly ran on are available. However, they are each at least 6 years old and generally considered no longer useful. EON also owns 6 desktop computers that are not currently powered and also are at least 5 years old. 

Traffic

At height (late 2011), EON generated 8 million page views and 700,000 users monthly. Since the suspension of day-to-day business, the sites were placed on a staging server which could not handle this load. As a result, the traffic has decreased considerably. To maximize every ounce of resources that were available on the diminished server, analytics were turned off. There is no way to know at present what the current traffic is.

EXHIBIT A

MATERIAL LIABILITIES

Convertible notes due to Chris Kern (or his affiliated companies) in the approximate amount of $315,000 were assumed by Domain Media Corp. upon its acquisition of Domain Media, LLC. The notes are convertible at $0.04 per share.Exhibit 10.3 Employment Agreement

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (the “Agreement”), entered into and effective as of January 19, 2014 (the “Effective Date”), is by and between Domain Media Corp., a Delaware corporation (the “Company”), and Chris Kern, an individual (the “Executive”).  The Company and the Executive shall sometimes be referred to herein as the “Parties”.

BACKGROUND

A.

The Executive has served as the senior most executive officer of the Company’s subsidiary, Domain Media, LLC, since 2006.

 

B.

The Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understanding with respect to the employment of the Executive as its President and Chief Executive Officer from the Effective Date forward.

 

C.

The Company and the Executive have previously entered into that certain Proprietary Information and Inventions Agreement dated June 17, 2013 (the “Inventions Agreement”), the terms of which shall not be superseded or modified by this Agreement.

 

The parties, intending to be legally bound, hereby agree as follows:

1.

Employment.  The Company hereby agrees to employ Executive as President and Chief Executive Officer and Executive hereby accepts such employment upon the terms and conditions set forth herein and agrees to perform duties as assigned by the Company.  The Executive’s employment, as provided herein, shall commence on the Effective Date and shall continue until terminated pursuant to Section 8 (“Term”).  It is understood and agreed by the Company and Executive that this Agreement does not contain any promise or representation concerning the duration of Executive’s employment with the Company. Executive specifically acknowledges that his employment with the Company is at-will and may be altered or terminated by either Executive or the Company at any time, with or without cause and/or with or without notice.  For the purposes of this Agreement, the term “Company” shall include any and all subsidiaries of the Company in which the Company owns at least a 51% equity interest.

2.

Duties.  Executive shall render exclusive, full-time services to the Company as its President and Chief Executive Officer.  The Executive shall report to the Company’s Board of Directors (the “Board”).  Executive’s responsibilities, title, working conditions, location, duties and/or any other aspect of Executive’s employment may be changed, added to or eliminated during his employment at the sole discretion of the Company.  During the Term of this Agreement, the Executive shall devote his best efforts and his full business time, skill and attention to the performance of his duties on behalf of the Company.  

3.

Policies and Procedures.  Executive agrees that he is subject to and will comply with the policies and procedures of the Company, as such policies and procedures may be modified, added to or eliminated from time to time at the sole discretion of the Company, except to the extent any such policy or procedure specifically conflicts with the express terms of this Agreement.  Executive further agrees and acknowledges that any written or oral policies and procedures of the Company do not constitute contracts between the Company and Executive. 

4.

Salary.  For all services rendered and to be rendered hereunder, the Company agrees to pay to the Executive, and the Executive agrees to accept a salary of $150,000 per annum (“Base Salary”). Any such salary shall be payable in accordance with the Company’s normal payroll practice and shall be subject to such deductions or withholdings as the Company is required to make pursuant to law, or by further agreement with the Executive. Such salary will not start or be in effect until any one of the following events take place:  

  

a) The Company receives financing in excess of $1,000,000 in the aggregate over 3 consecutive months or less;

 

b) The Company sells any of its assets or licenses any of its intellectual property which provide at least $1,000,000 in net proceeds;

 

c) The Company’s revenue exceeds $40,000 per month for three consecutive months, or

d) The Company undergoes a change of control, upon which the Base Salary will be retroactively applied and be due from the date of this Agreement through the date of the closing date of the change of control. 

5.

Incentive Compensation.  During the Term, the Executive shall be eligible to receive annual bonus compensation in an initial amount equal to fifty percent (50%) of the Base Salary upon the achievement of reasonable target objectives and performance goals both of the Company and the Executive as may be determined by the Board in consultation with the Executive, on or before the end of the first quarter of the fiscal year to which the bonus relates (the “Bonus Plan”); provided, however, the Executive must continue to be an employee of the Company in order to receive any payment under the Bonus Plan. 

6.

Potential Additional Equity Grants.   During the Term and pursuant to any Equity Incentive Plan (the “Plan”) that the Company initiates, the Executive may receive additional equity grants, solely at the discretion of the Board, which grants will be subject to a separate award agreement between the Company and the Executive under the Plan.

7.

Other Benefits.  While employed by the Company as provided herein:

(a)

Executive and Employee Benefits. The Executive shall be entitled to all benefits to which other executive officers of the Company are entitled, on terms comparable thereto, including, without limitation, participation in pension and profit sharing plans, 401(k) plan, group insurance policies and plans, medical, health, vision, and disability insurance policies and plans, and the like, which may be maintained by the Company for the benefit of its executives. The Company reserves the right to alter and amend the benefits received by Executive from time to time at the Company’s discretion.

(b)

Expense Reimbursement.  The Executive shall receive, against presentation of proper receipts and vouchers, reimbursement for direct and reasonable out-of-pocket expenses incurred by him in connection with the performance of his duties hereunder, according to the policies of the Company and subject, when applicable, to the approval of the Chief Financial Officer of the Company.

(c)

Vacation.  The Executive shall be entitled to four weeks paid personal time off per 12-month period (including vacation and sick leave).  No untaken vacation time may be carried over to a subsequent year.

8.

Termination.  Executive and the Company each acknowledge that either party has the right to terminate Executive’s employment with the Company at any time for any reason whatsoever, with or with cause or advance notice pursuant to the following:

(a)

Voluntary Resignation by Executive or Termination for Cause.  In the event the Executive (i) voluntary terminates his employment with the Company (other than for Good Reason as defined below) or (ii) is terminated by the Company for Cause (as defined below), the Company’s obligation to make payments hereunder shall cease upon the date of such termination and the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive (a) any salary earned but unpaid prior to termination and all accrued but unused personal time, and (b) any business expenses that were incurred but not reimbursed as of the date of termination.  Vesting of any stock, option, or warrant grants shall immediately cease on the date of termination. 

(b)

Termination by Death or Disability.  In the event Executive shall die during the period of his employment hereunder or become permanently disabled, as evidenced by notice to the Company of Executive’s inability to carry out his job responsibilities for a continuous period of more than three months, Executive’s employment shall cease on such day but the Company shall continue to make payment to Executive based on the then Base Salary for a period of twelve months (in accordance with the Company’s general payroll policy) commencing on the first payroll period following the fifteenth day after termination of employment (the “Severance Payment”), in addition to any accrued but unpaid salary and unreimbursed expenses prior to the date of termination.

(c)

Termination by the Company without Cause.  The Company will have the right to terminate Executive’s employment with the Company at any time without Cause.  In the event Executive is terminated without Cause or resigns for Good Reason (as defined below), and upon the execution of a full general release by Executive (“Release”), releasing all claims known or unknown that Executive may have against Company as of the date Executive signs such Release, and upon the written acknowledgment of his continuing obligations under this Agreement, Company shall continue to make the Severance Payment, in addition to any accrued but unpaid salary and unreimbursed expenses prior to the date of termination; provided, however, that in the event Executive’s employment is terminated under this Section 8(c) twelve months after a Corporate Transaction, the Severance Payment period shall be increased from twelve months to eighteen months.

i.

“Cause” means termination of the Executive’s employment because of the Executive’s: (i) commission of fraud, misappropriation or embezzlement related to the business or property of the Company; (ii) conviction for, or guilty plea to, or plea of nolo contendere to, a felony or crime of similar gravity in the jurisdiction in which such conviction or guilty plea occurs; (iii) material breach by the Executive of this Agreement, and the duties described therein, or any other agreement to which the Executive and the Company or a member of the Company Group are parties, including, without limitation, wrongful disclosure of Confidential Information; (iv) commission by the Executive of acts that are dishonest and demonstrably injurious to a member of the Company Group, monetarily or otherwise; (v) any violation by the Executive of any fiduciary duties owed by him to the Company or a member of the Company Group that causes injury to the Company, other than breaches of fiduciary duty also committed by other officers and members of the Board based on actions taken after consultation with, and the advice of, legal counsel; and (vi) willful or material violation of, or willful or material noncompliance with, any securities law, rule or regulation or stock exchange listing rule adversely affecting the Company including without limitation if the Executive has undertaken to provide any chief executive officer or principal executive officer certification required under the Sarbanes-Oxley Act of 2002, including the rules and regulations promulgated thereunder (the “Sarbanes-Oxley Act”), and he willfully or materially fails to take reasonable and appropriate steps to determine whether or not the certificate was accurate or otherwise in compliance with the requirements of the Sarbanes Oxley Act.

ii.

“Good Reason” means the occurrence of any of the following without the written consent of the Executive: (i) any duties, functions or responsibilities are assigned to the Executive that are materially inconsistent with the Executive’s duties, functions or responsibilities with the Company as contemplated or permitted by this Agreement; (ii) material diminution in Executive’s duties; (iii) the base salary of the Executive is materially reduced, unless a reduction is as part of an overall cost reduction program that affects all senior executives of the Company and does not disproportionately affect the Executive, or (iii) relocation of the Executive’s principal place of employment to a place that increases his one-way commute by more than fifty (50) miles as compared to Chandler, Arizona prior to such relocation.

iii.

“Corporate Transaction” shall have the meaning set forth in the Equity Incentive Plan of the Company that is intended to be formed this year. 

iv.

 

9.

409A Compliance.  This Agreement is intended to comply with the short-term deferral rule under Treasury Regulation Section 1.409A-1(b)(4) and be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be construed and interpreted in accordance with such intent, provided that, if any severance provided at any time hereunder involves non-qualified deferred compensation within the meaning of Section 409A of the Code, it is intended to comply with the applicable rules with regard thereto and shall be interpreted accordingly.  A termination of employment shall not be deemed to have occurred for purposes of any provision of this letter providing for the payment of any amounts or benefits upon or following a termination of employment that are considered “nonqualified deferred compensation” under Section 409A of the Code unless such termination is also a “separation from service” within the meaning of Section 409A of the Code and, for purposes of any such provision of this letter, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” If you are deemed on the date of termination to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then with regard to any payment that is considered non-qualified deferred compensation under Section 409A of the Code payable on account of a “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (A) the date that is immediately following the expiration of the six (6)-month period measured from the date of your “separation from service”, and (B) the date of your death (the “Delay Period”).  Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this paragraph (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to you in a lump sum, and any remaining payments and benefits due under this letter shall be paid or provided in accordance with the normal payment dates specified for them herein.  For purposes of Section 409A of the Code, your right to receive any installment payments pursuant to this letter shall be treated as a right to receive a series of separate and distinct payments.  In no event may you, directly or indirectly, designate the calendar year of any payment to be made under this letter that is considered non-qualified deferred compensation.  In the event the time period for considering any release and it becoming effective as a condition of receiving severance shall overlap two calendar years, no amount of such severance shall be paid in the earlier calendar year.

10.

Proprietary and Other Obligations.  

(a)

Confidential Information. During the period of the Executive’s employment with the Company and at all times thereafter, the Executive shall hold in secrecy for the Company all Confidential Information (as defined below) that may come to his knowledge, may have come to his attention or may have come into his possession or control while employed by the Company. Notwithstanding the preceding sentence, the Executive shall not be required to maintain the confidentiality of any Confidential Information which (a) is or becomes available to the public or others in the industry generally (other than as a result of inappropriate disclosure or use by the Executive in violation of this Section 10(a)) or (b) the Executive is compelled to disclose under any applicable laws, regulations or directives of any government agency, tribunal or authority having jurisdiction in the matter or under subpoena. Except as expressly required in the performance of his duties to the Company under this Agreement, the Executive shall not use for his own benefit or disclose (or permit or cause the disclosure of) to any Person, directly or indirectly, any Confidential Information unless such use or disclosure has been specifically authorized in writing by the Company in advance. During the Executive’s employment and as necessary to perform his duties under this Agreement, the Company will provide and grant the Executive access to the Confidential Information. The Executive recognizes that any Confidential Information is of a highly competitive value, will include Confidential Information not previously provided the Executive and that the Confidential Information could be used to the competitive and financial detriment of the Company if misused or disclosed by the Executive. The Company promises to provide access to the Confidential Information only in exchange for the Executive’s promises contained herein, expressly including the covenants in this Agreement.

  

For the purposes of this Agreement, “Confidential Information” means any trade secrets and confidential and proprietary information acquired by the Executive in the course and scope of his activities under this Agreement, including information acquired from third parties, that (i) is not generally known or disseminated outside the Company (such as non-public information), (ii) is designated or marked by the Company as “confidential” or reasonably should be considered confidential or proprietary, or (iii) the Company indicates through its policies, procedures, or other instructions should not be disclosed to anyone outside the Company. Without limiting the foregoing definitions, some examples of Confidential Information under this Agreement include (a) matters of a technical nature, such as scientific, trade or engineering secrets, ”know-how”, formulae, secret processes, inventions, and research and development plans or projects regarding existing and prospective customers and products or services, (b) information about costs, profits, markets, sales, customer lists, customer needs, customer preferences and customer purchasing histories, supplier lists, internal financial data, personnel evaluations, non-public information about medical devices or products of the Company (including future plans about them), information and material provided by third parties in confidence and/or with nondisclosure restrictions, computer access passwords, and internal market studies or surveys and (c) and any other information or matters of a similar nature.

(b)

Inventions.  The Executive agrees that all right, title and interest in and to any information, trade secrets, inventions, discoveries, developments, derivative works, improvements, research materials and products made or conceived by the Executive alone or with others during the course of the Executive’s employment that are directly related to the business or affairs of the Company, shall belong exclusively to the Company.  The Executive hereby irrevocably waives in favor of the Company any and all copyright and moral rights, and irrevocably assigns to the Company any and all legal rights, that the Executive may have in respect of any such materials.  The Executive agrees to execute any assignments and/or acknowledgements as may be requested by the Company from time to time, at the expense of the Company, without any further remuneration.

(c)

Return of Documents and Property. Upon termination of the Executive’s employment for any reason, the Executive (or his heirs or personal representatives) shall immediately deliver to the Company (a) all documents and materials containing Confidential Information (including without limitation any “soft” copies or computerized or electronic versions thereof) or otherwise containing information relating to the business and affairs of the Company (whether or not confidential), and (b) all other documents, materials and other property belonging to the Company that are in the possession or under the control of the Executive.

(d)

Non-disparagement.  The Executive agrees during and after the Term, he shall not to knowingly disparage the Company, its subsidiaries or its officers, directors, employees or agents in any manner that could be harmful to it or them or its or their business, business reputation or personal reputation.  The Company agrees during and after the Term, it shall instruct its officers, directors, employees and agent not to knowingly disparage the Executive in any manner that could be harmful to you or your business or personal reputation.  This paragraph will not be violated by statements from either party that are truthful, complete and made in good faith in required response to legal process or governmental inquiry.  

11.

Noncompetition and Non-solicitation.  Executive acknowledges that he will be a member of executive and management personnel at the Company. Executive further acknowledges that during his employment at the Company, he will be privy to extremely sensitive, confidential and valuable commercial information, which constitutes trade secrets belonging to the Company, the disclosure of which information and secrets would greatly harm the Company.

(a)

Definitions.

i.

“Competing Business” means any business or activity that (i) competes with any member of the Company Group for which the Executive performed services or the Executive was involved in for purposes of making strategic or other material business decisions and (ii) involves (A) the same or substantially similar types of products or services (individually or collectively) produced, manufactured, marketed or sold by the Company during Term or (B) products or services so similar in nature to that of the Company during Term (or that the Company will soon thereafter offer) that they would be reasonably likely to displace substantial business opportunities or customers of the Company. 

ii.

“Prohibited Area” means North America and the European Union, which Prohibited Area the parties have agreed to as a result of the fact that those are the geographic areas in which the Company conducts a preponderance of their business and in which the Executive provides substantive services to the Company during the Term.

(b)

Covenant Not to Compete.  Without the prior written consent of the Board (which may be withheld in the Board’s sole discretion), so long as the Executive is an employee of the Company or any other member of the Company Group and for a 9-month period thereafter (or, in the case of a Corporate Transaction under Section 8(c), 15-month period) (the “Restricted Period”), the Executive agrees that he shall not anywhere in the Prohibited Area, for his own account or the benefit of any other, engage or participate in or assist or otherwise be connected with a Competing Business. For the avoidance of doubt, the Executive understands that this Section 11.b prohibits the Executive from acting for himself or as an officer, employee, manager, operator, principal, owner, partner, shareholder, advisor, consultant of, or lender to, any individual or other Person that is engaged or participates in or carries out a Competing Business or is actively planning or preparing to enter into a Competing Business. The parties agree that such prohibition shall not apply to the Executive’s passive ownership of not more than 5% of a publicly-traded company

(c)

Non-solicitation Covenant.  As a reasonable measure to protect the Company from the harm of such disclosure and use of its information and trade secrets against it, the parties agree to the following as part of this Agreement: Executive acknowledges and agrees that information regarding employees of the Company is Confidential Information, including without limitation, the names of the Company employees; information regarding the skills and knowledge of Employees of the Company; information regarding any past, present, or intended compensation, benefits, policies and incentives for Employees of the Company; and information regarding the management and reporting structure of the Company.  Executive agrees that he will not, individually or with others, directly or indirectly (including without limitation, individually or through any business, venture, proprietorship, partnership, or corporation in which they control or own more than a 5% interest, through any agents, through any contractors, through recruiters, by their successors, by their employees, or by their assigns) hire, solicit, or induce any employee of the Company to leave the Company during the period he is employed by the Company and for a period of two years following the separation, resignation, or termination of Executive’s employment with the Company.  Executive further agrees that during the period he is employed by the Company and for one year thereafter, he will not, either directly or indirectly, solicit or attempt to solicit any customer, client, supplier, investor, vendor, consultant or independent contractor of the Company to terminate, reduce or negatively alter his, her or its relationship with the Company.  The geographic scope of the covenants in Sections 10 and 11(c) shall include any city, county, or state of the United States and any such other city, territory, country, or jurisdiction in which the Company does business.  Nothing in Sections 10 and 11 should be construed to narrow the obligations of Executive imposed by any other provision herein, any other agreement, law or other source.

(d)

Reasonable.  Executive agrees and acknowledges that the time limitation and the geographic scope on the restrictions in Sections 10 and 11 and their subparts are reasonable.  Executive also acknowledges and agrees that the limitation in Sections 10 and 11 and their subparts is reasonably necessary for the protection of the Company, that through this Agreement he shall receive adequate consideration for any loss of opportunity associated with the provisions herein, and that these provisions provide a reasonable way of protecting the Company’s business value which was imparted to him.  In the event that any term, word, clause, phrase, provision, restriction, or section of Sections 10 and 11 of this Agreement is more restrictive than permitted by the law of the jurisdiction in which the Company seeks enforcement thereof, the provisions of this Agreement shall be limited only to that extent that a judicial determination finds the same to be unreasonable or otherwise unenforceable.  Moreover, notwithstanding any judicial determination that any term, word, clause, phrase, provision, restriction, or section of this Agreement is not specifically enforceable, the parties intend that the Company shall nonetheless be entitled to recover monetary damages as a result of any breach hereof.

(e)

Legal and Equitable Remedies.  In view of the nature of the rights in goodwill, employee relations, trade secrets, and business reputation and prospects of the Company to be protected under Sections 10 and 11 of this Agreement, Executive understands and agrees that the Company could not be reasonably or adequately compensated in damages in an action at law for Executive’s breach of their obligations (whether individually or together) hereunder.  Accordingly, Executive specifically agrees that the Company shall be entitled to temporary and permanent injunctive relief, specific performance, and other equitable relief to enforce the provisions of Sections 10 and 11 of this Agreement and that such relief may be granted without the necessity of proving actual damages, and without bond.  Executive acknowledges and agrees that the provisions in Sections 10 and 11 and their subparts are essential and material to this Agreement, and that upon breach of Sections 10 and 11 by him, the Company is entitled to withhold providing payments or consideration, to equitable relief to prevent continued breach, to recover damages and to seek any other remedies available to the Company.  This provision with respect to injunctive relief shall not, however, diminish the right of the Company to claim and recover damages or other remedies in addition to equitable relief.

(f)

Extension of Time.  In the event that Executive breaches any covenant, obligation or duty in Sections 10 and 11 or their subparts, any such duty, obligation, or covenants to which the parties agreed by Sections 10 and 11 and their subparts shall automatically toll from the date of the first breach, and all subsequent breaches, until the resolution of the breach through private settlement, judicial or other action, including all appeals.  The duration and length of Executive’s duties and obligations as agreed by Sections 10 and 11 and their subparts shall continue upon the effective date of any such settlement, or judicial or other resolution.

12.

Miscellaneous.

(a)

Taxes.  Executive agrees to be responsible for the payment of any taxes due on any and all compensation, stock option, or benefit provided by the Company pursuant to this Agreement.  Executive agrees to indemnify the Company and hold the Company harmless from any and all claims or penalties asserted against the Company for any failure to pay taxes due on any compensation, stock option, or benefit provided by the Company pursuant to this Agreement.  Executive expressly acknowledges that the Company has not made, nor herein makes, any representation about the tax consequences of any consideration provided by the Company to Executive pursuant to this Agreement.

(b)

Modification/Waiver.  This Agreement may not be amended, modified, superseded, canceled, renewed or expanded, or any terms or covenants hereof waived, except by a writing executed by each of the parties hereto or, in the case of a waiver, by the party waiving compliance.  Failure of any party at any time or times to require performance of any provision hereof shall in no manner affect his or its right at a later time to enforce the same.  No waiver by a party of a breach of any term or covenant contained in this Agreement, whether by conduct or otherwise, in any one or more instances shall be deemed to be or construed as a further or continuing waiver of agreement contained in the Agreement.

(c)

Attorneys’ Fees.  The prevailing party shall have the right to collect from the other party its reasonable costs and necessary disbursements and attorneys' fees incurred in enforcing this Agreement.

(d)

Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of any successor or assignee of the business of the Company.  This Agreement shall not be assignable by the Executive.

(e)

Notices.  All notices given hereunder shall be given by certified mail, addressed, or delivered by hand, to the other party at his or its address contained in the Company’s records.  Executive promptly shall notify Company of any change in Executive’s address.  Each notice shall be dated the date of its mailing or delivery and shall be deemed given, delivered or completed on such date.

(f)

Governing Law; Personal Jurisdiction and Venue.  This Agreement and all disputes relating to this Agreement shall be governed in all respects by the laws of the State of Arizona as such laws are applied to agreements between Arizona residents entered into and performed entirely in Arizona.  The Parties acknowledge that this Agreement constitutes the minimum contacts to establish personal jurisdiction in Arizona and agree to Arizona court’s exercise of personal jurisdiction.  The Parties further agree that any disputes relating to this Agreement shall be brought in courts located in the State of Arizona.

(g)

Entire Agreement.  This Agreement together with the Indemnification Agreement set forth the entire agreement and understanding of the parties hereto with regard to the employment of the Executive by the Company and supersede any and all prior agreements, arrangements and understandings, written or oral, pertaining to the subject matter hereof.  No representation, promise or inducement relating to the subject matter hereof has been made to a party that is not embodied in these Agreements, and no party shall be bound by or liable for any alleged representation, promise or inducement not so set forth.

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

  

DOMAIN MEDIA CORP.

EXECUTIVE

By: ______________________________________

___________________________

Name: ____________________________________

Chris Kern

Its: ______________________________________

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