Document:

EXHIBIT 10.6

EMPLOYMENT AGREEMENT

          THIS
EMPLOYMENT AGREEMENT (“Agreement”), made on this 1st day of October,
2009, by and between Whispering Oaks International, Inc. d/b/a/ BioCurex
(“Company”), and Dr. Ricardo Moro (“Employee”).

RECITALS:

          A.          Employee
has been a valued employee of the Company since April 2001.

          B.          The
Company possesses and will possess technology, which may benefit significantly
from the knowledge and skills of the Employee.

          C.          The
Company desires to continue Employee’s employment with the Company as President
and Chief Executive Officer under the terms stated in this agreement.

AGREEMENT:

          NOW,
THEREFORE, in consideration of the mutual benefits contained herein, the sufficiency
of which the parties acknowledge, the parties hereby agree as follows:

          1.          Employment
Term. The term of employment
(“Term”) shall commence on the date written above and shall continue until
December 31, 2013 (the “Final Date”), unless sooner terminated in accordance
with Section 12.

          2.          Duties.
Employee shall be responsible to perform such duties as assigned to him from
time to time by the Board of Directors of the Company (“Board”). Employee shall
devote his best efforts to the service of the Company throughout the Term.
Employee shall devote at his entire business time to the affairs of the Company
provided that Employee may devote such time as is required to manage the
affairs of Pacific BioScience Research Centre, Inc. (“PBRC”). Employee and
Company acknowledge and agree that (i) Employee may hold certain offices within
certain entities as set forth on Exhibit A to this Agreement, (ii) Employee’s
devotion of reasonable amounts of time in such capacities, so long as it does
not interfere with his performance of services hereunder, shall not conflict
with the terms of this Agreement and (iii) Exhibit A may be amended from time
to time by agreement of the parties.

          3.          Compensation.

                        During the
Term the Company shall compensate Employee at an initial annual compensation of
$250,000 (the “Base Compensation”). The Company and Employee acknowledge that
Employee is also employed as the President of PBRC and that pursuant to a
services agreement by and between the Company and PBRC dated as of October 1,
2009 (the “Services Agreement”), PBRC is providing certain services to the
Company, for which the Company is compensating PBRC on the basis of cost plus a
Cost Adjustment (as defined therein). The Company shall be given a credit
against the Base Compensation payable to the Employee in an amount equal to the
amount of the aggregate Cost Adjustment paid to PBRC. On the 25th
day following the end of each calendar quarter, beginning with the quarter
ended 

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December 31, 2009, if the Company has not paid to PBRC as the Cost
Adjustment an amount for such calendar quarter in the aggregate of at least
$62,500 the amount of such deficiency shall be paid to Employee. All such
compensation shall be payable in accordance with Company’s payroll practices in
effect from time to time, and less amounts required to be withheld under
applicable law and requested to be withheld by Employee. Employee’s Base
compensation shall be subject to review on an annual basis. The Company may,
but shall not be required to, pay bonus compensation to Employee. In
determining the amount of any bonus to be paid to the Employee, consideration
will be given to the amount of compensation the Employee receives from PBRC.
Except as otherwise provided in this Agreement, the Base Compensation shall be
prorated for any period of service less than a full month.

          4.          Expenses.
The Company will reimburse Employee for all expenses
reasonably incurred by him in discharging his duties for the Company,
conditioned upon Employee’s submission of written documentation in support of
claimed reimbursement of such expenses, and consistent with the Company’s
expense reimbursement policies in effect from time to time.

          5.          Benefits.
Subject to eligibility requirements, Employee shall be entitled to participate
in such benefit plans and programs as adopted by the Company from time to time.

          6.          Confidentiality.

                       (a)          In
the course of his employment with the Company, it is anticipated that Employee
may acquire knowledge (both orally and in writing) regarding confidential
affairs of the Company and confidential or proprietary information including:
(i) matters of a technical nature, such as know-how, inventions, processes,
products, designs, chemicals, compounds, materials, drawings, concepts,
formulas, trade secrets, secret processes or machines, inventions or research
projects: (ii), markets, sales, suppliers, customers, plans for future
development, plans for future products, marketing plans or strategies; and
(iii) other information of a similar nature which is not generally disclosed by
the Company to the public, referred to collectively hereafter as “Confidential
Information.” “Confidential Information” shall not include information
generally available to the public. Employee agrees that during the term of this
Agreement and thereafter, he (1) will keep secret and retain in the strictest
confidence all Confidential Information, (2) not disclose Confidential
Information to anyone except employees of the Company authorized to received it
and third parties to whom such disclosure is specifically authorized, and (3)
not use any Confidential Information for any purpose other than performance of
services under this Agreement without prior written permission from the
Company.

                       (b)          If
Employee is served with any subpoena or other compulsory judicial or
administrative process calling for production or disclosure of Confidential
Information or if Employee is otherwise required by law or regulation to
disclose Confidential Information, Employee will immediately, and prior to
production or disclosure, notify the Company and provide it with such
information as may be necessary in order that the Company may take such action
as it deems necessary to protect its interest.

                       (c)          The
provisions of this paragraph 6 shall survive termination of this Agreement.

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                       (d)          Notwithstanding
anything contained hereinto the contrary, if PBRC becomes a licensee of any of
the Company’s technology, Employee may use the Confidential Information in
connection with any services Employee may provide to PBRC and disclose any
Confidential Information to any sublicense of PBS, provided the sublicensee
agrees to be bound by this Section 6.

          7.          Non-Competition.

                       (a)          Employee
agrees that during the Term and for a period of two (2) years following
termination of employment with the Company for any reason, he will not directly
or indirectly engage in any activity directed toward the development, sale or
marketing of any cancer markers for screening, diagnostic, or follow-up
purposes.

                       (b)          Employee
agrees that during the Term and for a period of two (2) years following
termination of employment with the Company for any reason, he will not directly
or indirectly engage in any activity as defined in any patents or patent
applications filed or Contemplated at any time during the Term. Patents or
patent applications “Contemplated” are those included, recorded or discussed in
the notebooks of researchers employed by or performing services on behalf of
the Company.

                       (c)          For
a period of two (2) years following termination of employment with the Company
for any reason, except with the express written consent of the Company,
Employee agrees to refrain from directly or indirectly recruiting, hiring or
assisting anyone else to hire, or otherwise counseling to discontinue
employment with the Company, any person then employed by the Company or its
subsidiaries or affiliates.

                       (d)          The
provision of this paragraph 7 shall survive termination of this Agreement and
the term of employment.

                       (e)          Notwithstanding
the above:

	 	
  
 	
  
 
	 	
  
 	
                (i)          this
 Section will no longer apply if this Agreement is terminated pursuant to
 Section 12(b) or the Employee voluntarily terminates his employment for Good
 Reason, as that term is defined in Section 13(f);
 
	 	
  
 	
  
 
	 	
  
 	
                (ii)          this Section
 will no longer apply if the Services Agreement between the Company and PBS is
 terminated pursuant to Sections 3.3 or 3.4 of the Services Agreement;
 
	 	
  
 	
  
 
	 	
  
 	
                (iii)          if PBS is a
 licensee of the Company, and granting Employee acting as an employee will not
 constitute a violation of this Section 7.
 

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          8.          Covered
Work.

                      
(a)          All
rights, title and interest to any Covered Work that Employee makes or conceives
(whether alone or with others) while consulting for the Company, belong to the
Company. This Agreement operates as an actual assignment of all rights in
Covered Work to the Company. “Covered Work” means products and Inventions that
relate to the actual or anticipated business of the Company or any of its
subsidiaries or affiliates, or that result from or are suggested by a task
assigned to Employee or work performed by Employee on behalf of the Company or
any of its subsidiaries or affiliates, or that were developed in whole or in
part on the Company time or using the Company’s equipment, supplies or
facilities. “Inventions” mean ideas, improvements, designs, computer software,
technologies, techniques, processes, products, chemicals, compounds, materials,
concepts, drawings, authored works or discoveries, whether or not patentable or
copyrightable, as well as other newly discovered or newly applied information
or concepts. Attached hereto as Exhibit B is a description of any product or
Invention in which Employee had or has any right, title or interest, which is
not included within the definition of “Covered Work.”

                      
(b)          Employee shall
promptly reveal all information relating to Covered Work and Confidential
Information to an appropriate officer of the Company and shall cooperate with
the Company, and execute such documents as may be necessary, in the event that
the Company desires to seek copyright, patent or trademark protection
thereafter relating to same.

                      
(c)          In the event
that the Company requests that Employee assist in efforts to defend any legal
claims to patents or other right, the Company agrees to reimburse Employee for
a reasonable expenses Employee may incur in connection with such assistance.
This obligation to reimburse shall survive termination of this Agreement and the
term of employment.

                      
(d)          The provisions
of this paragraph 8 shall survive termination of this Agreement and the term of
employment.

          9.          Return
of Inventions, Products and Documents. Employee
acknowledges and agrees that all Inventions, all products of the Company and
all originals and copies of records, reports, documents, lists, drawings,
memoranda, notes, proposals, contracts and other documentation related to the
business of the Company or containing any information described in this
paragraph shall be the sole and exclusive property of the Company and shall be
returned to the Company immediately upon termination of Employee’s employment
with the Company or upon the written request of the Company.

         10.          Injunction.
Employee agrees that it would be difficult to measure damages to the Company
from any breach by Employee of paragraph 6, 7, 8 and/or 9 of this Agreement,
and that monetary damages would be an inadequate remedy for any such breach.
Accordingly, Employee agrees that if Employee shall breach paragraph 6, 7, 8
and/or 9 of this Agreement, the Company shall be entitled, in addition to all
other remedies it may have at law or in equity, to an injunction or other
appropriate orders to restrain any such breach without showing or proving any
actual damage sustained by the Company.

         11.          Obligations
to Others. Employee represents and warrants to the Company that (i)
Employee’s employment by the Company does not violate any agreement with any
prior 

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employer or other person or entity, and (ii) Employee is not subject to
any existing confidentiality or non-competition agreement or obligation, or any
agreement relating to the assignment of Inventions, except as has been set
forth on Exhibit C attached hereto.

          12.          Termination.

                         (a)          Employee
may voluntarily terminate his employment with the Company upon giving the
Company sixty (60) days written notice.

                         (b)          The
Company may terminate Employee’s employment without Cause (as defined below)
upon giving Employee thirty (30) days written notice of termination.

                         (c)          Employee’s
employment with the Company shall terminate upon the occurrence of any one of
the following:

	
  

 	
  

 	
  

 
	
  

 	
                               (i)          Employee’s
 death;

 
	
  

 	
  

 
	
  

 	
                               (ii)          The
 effective date of a notice sent to Employee stating the Board’s determination
 made in good faith and after employment with a qualified physician selected
 by the Board, that Employee is incapable of performing his duties under this
 Agreement, with or without reasonable accommodation, because of a physical or
 mental incapacity that has prevented Employee from performing such duties for
 a period of ninety (90) consecutive calendar days and the determination that
 such incapacity is likely to continue for at least another ninety (90) such
 days; and

 
	
  

 	
  

 
	
  

 	
                               (iii)          The
 effective date of a notice sent to Employee terminating Employee’s employment
 for Cause.

 

                         (d)          “Cause”
means the occurrence of one or more of the following events:

	
  

 	
  

 	
  

 
	
  

 	
                               (i)          Employee’s
 willful and repeated failure or refusal to comply in any material respect
 with the reasonable lawful policies, standards or regulations from time to
 time established by the Company, or to perform his duties in accordance with
 this Agreement after notice to Employee of such failure;

 
	
  

 	
  

 	
  

 
	
  

 	
                               (ii)          Employee
 breaches the provisions of Sections 6, 7 or 8 of this Agreement; or

 
	
  

 	
  

 	
  

 
	
  

 	
                               (iii)          Employee
 engages in criminal conduct or engages in conduct with respect to the Company
 that is dishonest, fraudulent or materially detrimental to the reputation,
 character or standing of the Company.

 

          13.          Termination
Compensation.

                         (a)          Upon
Employee’s voluntary termination of employment (other than voluntary
termination with Good Reason as defined below), termination of Employee’s
employment for Cause, or automatic termination as provided in Section 12(e),
the Company

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shall pay to Employee all compensation due to the date of termination,
but shall have no further obligation to Employee hereunder in respect of any
period following termination.

                         (b)          Upon
the death of Employee, the Company shall pay to Employee’s estate or such other
party who shall be legally entitled thereto, all compensation due at the date
of death, and an additional amount equal to the Base Compensation from the date
of death to the final day of the month following the month in which the death
occurs.

                         (c)          Upon
termination of Employee’s employment by the Company other than for Cause, or
upon Employee’s voluntary termination of employment for Good Reason, the
Company shall pay to Employee an amount equal to eighteen (18) months Base
Compensation calculated with reference to Employee’s then current annual Base
Compensation plus the average of the Employee’s last three annual bonuses times
1.5, which amount shall be due and payable in eighteen equal monthly
installments beginning on the first day of the month following such
termination. Employee will continue to receive all Employee benefits during the
severance period. At any time after the occurrence of a Change in Control, in
the case of termination of Employee’s employment by the Company other than for
cause or in the case of Employee’s voluntary termination with Good Reason, the
Company shall pay to Employee an amount equal to twenty-four (24) months Base
Compensation calculated with reference to Employee’s then current Base
Compensation plus the average of the Employee’s last three annual bonuses times
2.0, which amount shall be due and payable at termination. In either case
described in this paragraph (c), Employee will continue to receive all Employee
benefits during the severance period.

                         (d)          If
at least 60 days prior to the Final Date, the Company has not offered in
writing to renew or extend this Employment Agreement for a period of at least
three years on terms substantially identical to the terms of this Agreement
then in effect, the Company shall pay to Employee an amount equal to twelve
(12) months Base Compensation calculated with reference to Employee’s then
current Base Compensation plus the average of the Employee’s last three annual
bonuses which amount shall be due and payable in twelve equal monthly
installments beginning on January 1, 2014.

                         (e)          Amounts
payable under this Section shall be net of amounts required to be withheld
under applicable law and amounts requested to be withheld by Employee.

                         (f)          As
used herein, “Good Reason” shall mean the termination by
Employee upon the occurrence of any of the following events:

	
  

 	
  

 
	
  

 	
                               (i)          The
 assignment of a different title or change that results in a material
 reduction in Employee’s duties or responsibilities;

 
	
  

 	
  

 
	
  

 	
                               (ii)          A
 reduction by the Company in Employee’s Base Salary, other than a salary
 reduction that is part of a general salary reduction affecting employees
 generally and provided the reduction is not greater, percentage-wise, than
 the reduction affecting employees generally;

 
	
  

 	
  

 
	
  

 	
                               (iii)          Relocation
 of Employee’s principal place of business (Vancouver, British Columbia) to
 greater than 30 miles from the Employee’s principal place of 

 

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 business or more than an average of four-days per month of required
 travel to Richmond BC;

 
	
  

 	
  

 
	
  

 	
                               (iv)          A
 significant reduction by the Company in total benefits available to Employee
 under cash incentive, stock incentive, or other benefit plans other than a
 reduction that is part of a general benefit reduction affecting employees
 generally.

 

                         (g)          Upon
Termination of Employee’s employment by the Company other than for Cause, but
not in the case of Employee’s voluntary termination of employment after a
Change of Control, all outstanding options granted to Employee pursuant to the
Company’s stock options plans, which vest within the severance period shown
above shall continue to vest throughout the severance period. Further, all outstanding
options granted to Employee pursuant to the Company’s stock option plans which
have vested as of the effective date of termination, and which will vest
through the severance period, will be exercisable at any date up to the end of
the severance period. In the case of Employee’s voluntary termination of
employment after a Change of Control, all outstanding options granted to
Employee pursuant to the Company’s Stock Option Plans shall be immediately
fully vested.

                         (h)          As
used herein, “Change of Control” means the occurrence of any one of the
following events: (i) any Person becomes the beneficial owner of fifty percent
(50%) or more of the total number of voting shares of the Company; (ii) any
Person (other than the Persons named as proxies solicited on behalf of the
Board of Directors of the Company) holds revocable or irrevocable proxies
representing fifty percent (50%) or more of the total number of voting shares
of the Company; (iii) as the result of, or in connection with, any cash tender
or exchange offer, merger, or other business combination, sale of assets, or
any combination of the foregoing transactions, the persons who were directors
of the Company before such transactions shall cease to constitute at least a
majority of the Board of Directors of the Company or any successor entity.

          14.          Notice.
Unless otherwise provided herein, any notice, request, certificate or
instrument required or permitted under this Agreement shall be in writing and
shall be deemed “given” upon personal delivery to the party to be notified or
three business days after deposit with the United States Service, by registered
or certified mail, addressed to the party to receive notice at the address set
forth above, postage prepaid. Either party may change its address by notice to
the other party given in the manner set forth in this Section.

          15.          Entire
Agreement. This Agreement constitutes the entire
agreement between the parties and contains all the agreements between them with
respect to the subject matter hereof. It also supersedes any and all other
agreements or contracts, either oral or written, between the parties with
respect to the subject matter hereof.

          16.          Modification.
Except as otherwise specifically provided, the terms and conditions of this
Agreement may be amended at any time by mutual agreement of the parties,
provided that before any amendment shall be valid or effective, it shall have
been reduced to writing and signed by an authorized representative of the
Company and Employee.

          17.          No
Waiver. The failure of any party here to exercise any
right, power or remedy provided under this Agreement or otherwise available in
respect hereof at law or in equity, or to insist upon compliance by any other
party hereto with its obligations, shall not be a waiver by

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such party of its right to exercise any such or other right, power or
remedy or to demand compliance.

          18.          Severability.
In the event that any paragraph or provision of this
Agreement shall be held to be illegal or unenforceable, such paragraph or
provision shall be severed from this Agreement and the entire Agreement shall
not fail as a result, but shall otherwise remain in full force and effect.

          19.          Assignment.
This Agreement shall be binding upon and inure to the benefit of the Company
and its successors and assigns, and shall be binding upon Employee, his
administrators, executors, legatees, and heirs. In that this Agreement is a
personal services contract, it shall not be assigned by Employee.

          20.          Governing
Law; Arbitration. The formation, validity,
construction and performance of this Agreement shall be governed by the laws of
British Columbia, Canada. Any dispute, claim or controversy involving this
Agreement shall be settled through binding arbitration in accordance with the
National Arbitration Rules of the ADR Institute of Canada, Inc. in Vancouver,
British Columbia. The judgment of the arbitrators will be final and binding on
both parties and a judgment on the arbitration award may be entered by any
court. The prevailing party in any dispute will be entitled to costs and
reasonable attorney’s fees. Any party will be entitled to costs and reasonable
attorneys’ fees in enforcing any arbitration award.

                         The
Company and Employee agree that the procedures outlined in this provision are
the exclusive method of dispute resolution.

          21.          Attorneys’
Fees. In the event suit or action is instituted
pursuant to Section 10 of this Agreement, the prevailing party in such
proceeding, including any appeals thereon, shall be awarded reasonable
attorneys’ fees and costs.

          22.          Counterparts.
This Agreement may be signed in two counterparts, each of which shall be deemed
an original and both of which shall together constitute one agreement.

          IN WITNESS
WHEREOF, BioCurex, Inc. has caused this Agreement to be signed by its duly
authorized representative, and Employee has hereunder set his name as of the
date of this Agreement.

	
  

 	
  

 	
  

 
	
  

 	
 COMPANY:

 	
 BioCurex, Inc.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By: Dr.
 Ricardo Moro

 
	
  

 	
  

 	
  

 
	
  

 	
 EMPLOYEE:

 	
  

 
	
  

 	
  

 	
 Dr. Ricardo
 Moro

 

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Exhibit A

List of Offices Held

	
  

 	
  

 
	
 •

 	
 President, Pacific Biosciences Research Centre, Inc.

 
	
  

 	
  

 
	
 •

 	
 Board of Director International Society of Oncology and Biomarkers - 

 

9EXHIBIT 10.7

EMPLOYMENT AGREEMENT

          THIS
EMPLOYMENT AGREEMENT (“Agreement”), made on this 15th day of September, 2009,
by and between Whispering Oaks International, Inc. d/b/a/ BioCurex, a Texas
corporation, with its principal office at 215-7080 River Road, Richmond BC V6X
1X5 Canada (“Company”), and Denis R. Burger, Ph.D. (“Employee”).

RECITALS:

	
  

 	
  

 
	
  

 	
 A.          Employee
 has been a valued employee of the Company since June 2009.

 
	
  

 	
  

 
	
  

 	
 B.          The
 Company possesses and will possess technology, which may benefit
 significantly from the knowledge and skills of the Employee.

 
	
  

 	
  

 
	
  

 	
 C.          The
 Company desires to continue Employee’s employment with the Company as
 Executive Chairman under the terms stated in this agreement.

 
	
  

 	
  

 
	
 AGREEMENT:

 
	
  

 	
  

 
	
  

 	
 NOW,
 THEREFORE, in consideration of the mutual benefits contained herein, the
 sufficiency of which the parties acknowledge, the parties hereby agree as
 follows:

 
	
  

 	
  

 
	
  

 	
 1.          Employment Term. The term of employment
 (“Term”) shall commence on the date written above and shall continue until
 December 31, 2013 (the “Final Date”), unless sooner terminated in accordance
 with Section 12.

 
	
  

 	
  

 
	
  

 	
 2.
           Duties. Employee shall be responsible to
 perform such duties as assigned to him from time to time by the Board of
 Directors of the Company (“Board”). Employee shall devote his best efforts to
 the service of the Company throughout the Term. Employee shall devote at
 least forty (40) hours per month to the affairs of the Company. Employee and
 Company acknowledge and agree that (i) Employee may hold certain offices
 within certain entities as set forth on Exhibit A to this Agreement, (ii)
 Employee’s devotion of reasonable amounts of time in such capacities, so long
 as it does not interfere with his performance of services hereunder, shall
 not conflict with the terms of this Agreement, and (iii) Exhibit A may be
 amended from time to time by agreement of the parties.

 
	
  

 	
  

 
	
  

 	
 3.          Compensation.

 
	
  

 	
  

 
	
  

 	
              (a)
 During the Term the Company shall compensate Employee at an initial annual
 compensation of $100,000USD, payable in accordance with Company’s payroll
 practices in effect from time to time, and less amounts required to be
 withheld under applicable law and requested to be withheld by Employee.
 Employee’s annual compensation shall be subject to review on an annual basis.
 The Company may, but shall not be required to, 

 

	
  

 	
  

 
	
  

 	
 pay bonus
 compensation to Employee. Except as otherwise provided in this Agreement, the
 base compensation shall be prorated for any period of service less than a
 full month.

 
	
  

 	
  

 
	
  

 	
              (b)
 Notwithstanding the previous paragraph, all compensation due to Employee
 hereunder shall not be paid until the closing by the Company of the sale of
 its equity securities wherein the Company receives at least $3,000,000 in
 gross proceeds (a “Qualified Offering”).

 
	
  

 	
  

 
	
  

 	
 4.          Expenses. The Company will reimburse
 Employee for all expenses reasonably incurred by him in discharging his
 duties for the Company, conditioned upon Employee’s submission of written
 documentation in support of claimed reimbursement of such expenses, and
 consistent with the Company’s expense reimbursement policies in effect from
 time to time.

 
	
  

 	
  

 
	
  

 	
 5.          Benefits. Subject to eligibility
 requirements, Employee shall be entitled to participate in such benefit plans
 and programs as adopted by the Company from time to time.

 
	
  

 	
  

 
	
  

 	
 6.          Confidentiality.

 
	
  

 	
  

 
	
  

 	
              (a)          In
 the course of his employment with the Company, it is anticipated that
 Employee may acquire knowledge (both orally and in writing) regarding
 confidential affairs of the Company and confidential or proprietary
 information including: (i) matters of a technical nature, such as know-how,
 inventions, processes, products, designs, chemicals, compounds, materials,
 drawings, concepts, formulas, trade secrets, secret processes or machines,
 inventions or research projects: (ii), markets, sales, suppliers, customers,
 plans for future development, plans for future products, marketing plans or
 strategies; and (iii) other information of a similar nature which is not
 generally disclosed by the Company to the public, referred to collectively
 hereafter as “Confidential Information.” “Confidential Information” shall not
 include information generally available to the public. Employee agrees that
 during the term of this Agreement and thereafter, he (1) will keep secret and
 retain in the strictest confidence all Confidential Information, (2) not
 disclose Confidential Information to anyone except employees of the Company
 authorized to received it and third parties to whom such disclosure is
 specifically authorized, and (3) not use any Confidential Information for any
 purpose other than performance of services under this Agreement without prior
 written permission from the Company.

 
	
  

 	
  

 
	
  

 	
              (b)          If
 Employee is served with any subpoena or other compulsory judicial or
 administrative process calling for production or disclosure of Confidential
 Information or if Employee is otherwise required by law or regulation to
 disclose Confidential Information, Employee will immediately, and prior to
 production or disclosure, notify the Company and provide it with such
 information as may be necessary in order that the Company may take such
 action as it deems necessary to protect its interest.

 

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              (c)          The
 provisions of this paragraph 6 shall survive termination of this Agreement.

 
	
  

 	
  

 
	
  

 	
 7.          Non-competition.

 
	
  

 	
  

 
	
  

 	
              (a)          Employee
 agrees that during the Term and for a period of two (2) years following termination
 of employment with the Company for any reason, he will not directly or
 indirectly engage in any activity directed toward the development, sale or
 marketing of any cancer markers for screening, diagnostic, or follow-up
 purposes.

 
	
  

 	
  

 
	
  

 	
              (b)          Employee
 agrees that during the Term and for a period of two (2) years following
 termination of employment with the Company for any reason, he will not
 directly or indirectly engage in any activity as defined in any patents or
 patent applications filed or Contemplated at any time during the Term.
 Patents or patent applications “Contemplated” are those included, recorded or
 discussed in the notebooks of researchers employed by or performing services
 on behalf of the Company.

 
	
  

 	
  

 
	
  

 	
              (c)          For
 a period of two (2) years following termination of employment with the
 Company for any reason, except with the express written consent of the
 Company, Employee agrees to refrain from directly or indirectly recruiting,
 hiring or assisting anyone else to hire, or otherwise counseling to
 discontinue employment with the Company, any person then employed by the
 Company or its subsidiaries or affiliates.

 
	
  

 	
  

 
	
  

 	
              (d)          The
 provision of this paragraph 7 shall survive termination of this Agreement and
 the term of employment.

 
	
  

 	
  

 
	
  

 	
 8.          Covered Work.

 
	
  

 	
  

 
	
  

 	
              (a)          All
 rights, title and interest to any Covered Work that Employee makes or
 conceives (whether alone or with others) while consulting for the Company,
 belong to the Company. This Agreement operates as an actual assignment of all
 rights in Covered Work to the Company. “Covered Work” means products and
 Inventions that relate to the actual or anticipated business of the Company
 or any of its subsidiaries or affiliates, or that result from or are
 suggested by a task assigned to Employee or work performed by Employee on
 behalf of the Company or any of its subsidiaries or affiliates, or that were
 developed in whole or in part on the Company time or using the Company’s
 equipment, supplies or facilities. “Inventions” mean ideas, improvements,
 designs, computer software, technologies, techniques, processes, products,
 chemicals, compounds, materials, concepts, drawings, authored works or
 discoveries, whether or not patentable or copyrightable, as well as other
 newly discovered or newly applied information or concepts. Attached hereto as
 Exhibit B is a description of any product or Invention in which Employee had
 or has any right, title or interest, which is not included within the definition
 of “Covered Work.”

 
	
  

 	
  

 
	
  

 	
              (b)          Employee
 shall promptly reveal all information relating to Covered Work and
 Confidential Information to an appropriate officer of the Company and shall

 

3

	
  

 	
  

 	
  

 
	
  

 	
 cooperate
 with the Company, and execute such documents as may be necessary, in the
 event that the Company desires to seek copyright, patent or trademark
 protection thereafter relating to same.

 
	
  

 	
  

 	
  

 
	
  

 	
           (c)          In
 the event that the Company requests that Employee assist in efforts to defend
 any legal claims to patents or other right, the Company agrees to reimburse
 Employee for a reasonable expenses Employee may incur in connection with such
 assistance. This obligation to reimburse shall survive termination of this
 Agreement and the term of employment.

 
	
  

 	
  

 	
  

 
	
  

 	
           (d)          The
 provisions of this paragraph 8 shall survive termination of this Agreement
 and the term of employment.

 
	
  

 	
  

 	
  

 
	
  

 	
 9.        Return of Inventions, Products and Documents.  Employee acknowledges and agrees that all
 Inventions, all products of the Company and all originals and copies of
 records, reports, documents, lists, drawings, memoranda, notes, proposals,
 contracts and other documentation related to the business of the Company or
 containing any information described in this paragraph shall be the sole and
 exclusive property of the Company and shall be returned to the Company
 immediately upon termination of Employee’s employment with the Company or
 upon the written request of the Company.

 
	
  

 	
  

 	
  

 
	
  

 	
 10.      Injunction. Employee agrees that it would be difficult to measure damages
 to the Company from any breach by Employee of paragraph 6, 7, 8 and/or 9 of
 this Agreement, and that monetary damages would be an inadequate remedy for
 any such breach. Accordingly, Employee agrees that if Employee shall breach
 paragraph 6, 7, 8 and/or 9 of this Agreement, the Company shall be entitled,
 in addition to all other remedies it may have at law or in equity, to an
 injunction or other appropriate orders to restrain any such breach without
 showing or proving any actual damage sustained by the Company.

 
	
  

 	
  

 	
  

 
	
  

 	
 11.      Obligations to Others. Employee represents and warrants to the
 Company that (i) Employee’s employment by the Company does not violate any
 agreement with any prior employer or other person or entity, and (ii)
 Employee is not subject to any existing confidentiality or non-competition
 agreement or obligation, or any agreement relating to the assignment of
 Inventions, except as has been set forth on Exhibit C attached hereto.

 
	
  

 	
  

 	
  

 
	
  

 	
 12.      Termination.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)          Employee
 may voluntarily terminate his employment with the Company upon giving the
 Company sixty (60) days written notice.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)          The
 Company may terminate Employee’s employment without Cause (as defined below)
 upon giving Employee thirty (30) days written notice of termination.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)          Employee’s
 employment with the Company shall terminate upon the occurrence of any one of
 the following:

 

4

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)          Employee’s
 death;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)         The
 effective date of a notice sent to Employee stating the Board’s determination
 made in good faith and after employment with a qualified physician selected
 by the Board, that Employee is incapable of performing his duties under this
 Agreement, with or without reasonable accommodation, because of a physical or
 mental incapacity that has prevented Employee from performing such duties for
 a period of ninety (90) consecutive calendar days and the determination that
 such incapacity is likely to continue for at least another ninety (90) such
 days; and

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iii)        The
 effective date of a notice sent to Employee terminating Employee’s employment
 for Cause.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)

 	
 “Cause” means
 the occurrence of one or more of the following events:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)          Employee’s
 willful and repeated failure or refusal to comply in any material respect
 with the reasonable lawful policies, standards or regulations from time to
 time established by the Company, or to perform his duties in accordance with
 this Agreement after notice to Employee of such failure; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)         Employee
 breaches the provisions of Sections 6, 7 or 8 of this Agreement; or

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iii)        Employee
 engages in criminal conduct or engages in conduct with respect to the Company
 that is dishonest, fraudulent or materially detrimental to the reputation,
 character or standing of the Company.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (e)         If
 a Qualified Offering has not been closed on or before February 19, 2010, the
 Employee’s employment with the Company shall terminate as of February 20,
 2010.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 13.

 	
 Termination Compensation.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)         Upon
 Employee’s voluntary termination of employment (other than voluntary
 termination with Good Reason as defined below), termination of Employee’s employment for Cause, or automatic
 termination as provided in Section 12(e), the Company shall pay to Employee
 all compensation due to the date of termination, but shall have no further
 obligation to Employee hereunder in respect of any period following
 termination.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)         Upon
 the death of Employee, the Company shall pay to Employee’s estate or such
 other party who shall be legally entitled thereto, all compensation due at
 the date of death, and an additional amount equal to compensation at the rate
 set 

 

5

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 forth in
 this Agreement from the date of death to the final day of the month following
 the month in which the death occurs.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)         Upon
 termination of Employee’s employment by the Company other than for Cause, or
 upon Employee’s voluntary termination of employment for Good Reason, the
 Company shall pay to Employee an amount equal to eighteen (18) months
 compensation calculated with reference to Employee’s then current annual
 compensation plus the average of the Employee’s last three annual bonuses
 times 1.5, which amount shall be due and payable in eighteen equal monthly
 installments beginning on the first day of the month following such
 termination. Employee will continue
 to receive all Employee benefits during the severance period. At any time after the occurrence of a
 Change in Control, in the case of termination of Employee’s employment by the
 Company other than for cause or in the case of Employee’s voluntary
 termination with Good Reason, the Company shall pay to Employee an amount
 equal to twenty-four (24) months compensation calculated with reference to
 Employee’s then current annual compensation plus the average of the
 Employee’s last three annual bonuses times 2.0, which amount shall be due and
 payable at termination. In either case described in this paragraph (c),
 Employee will continue to receive all Employee benefits during the severance
 period.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)         If
 at least 60 days prior to the Final Date, the Company has not offered in
 writing to renew or extend this Employment Agreement for a period of at least
 three years on terms substantially identical to the terms of this Agreement
 then in effect, the Company shall pay to Employee an amount equal to twelve
 (12) months compensation calculated with reference to Employee’s then current
 annual compensation plus the average of the Employee’s last three annual
 bonuses which amount shall be due and payable in twelve equal monthly
 installments beginning on January 1, 2014.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (e)         Amounts
 payable under this Section shall be net of amounts required to be withheld
 under applicable law and amounts requested to be withheld by Employee.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (f)         As
 used herein, “Good Reason” shall mean the termination
 by Employee upon the occurrence of any of the following events:

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 The
 assignment of a different title or change that results in a material
 reduction in Employee’s duties or responsibilities;

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)

 	
 A reduction by
 the Company in Employee’s Base Salary, other than a salary reduction that is
 part of a general salary reduction affecting employees generally and provided
 the reduction is not greater, percentage-wise, than the reduction affecting
 employees generally; Employee

 

6

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iii)

 	
 Relocation
 of Employee’s principal place of business (1534 SW Myrtle St, Portland OR
 97201) to greater than 30 miles from the Employee’s principal place of
 business or more than an average of four-days per month of required travel to
 Richmond BC; 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iv)

 	
 A
 significant reduction by the Company in total benefits available to Employee
 under cash incentive, stock incentive, or other benefit plans other than a
 reduction that is part of a general benefit reduction affecting employees
 generally.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (g)         Upon
 Termination of Employee’s employment by the Company other than for Cause, but
 not in the case of Employee’s voluntary termination of employment after a
 Change of Control, all outstanding options granted to Employee pursuant to
 the Company’s stock options plans, which vest within the severance period
 shown above shall continue to vest throughout the severance period. Further,
 all outstanding options granted to Employee pursuant to the Company’s stock
 option plans which have vested as of the effective date of termination, and
 which will vest through the severance period, will be exercisable at any date
 up to the end of the severance period. In the case of Employee’s voluntary
 termination of employment after a Change of Control, all outstanding options
 granted to Employee pursuant to the Company’s Stock Option Plans shall be
 immediately fully vested.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (h)         As
 used herein, “Change of Control” means the occurrence of any one of the
 following events: (i) any person or entity (“Person”) becomes the beneficial
 owner of fifty percent (50%) or more of the total number of voting shares of
 the Company; (ii) any Person (other than the Persons named as proxies
 solicited on behalf of the Board of Directors of the Company) holds revocable
 or irrevocable proxies representing fifty percent (50%) or more of the total
 number of voting shares of the Company; (iii) as the result of, or in
 connection with, any cash tender or exchange offer, merger, or other business
 combination, sale of assets, or any combination of the foregoing
 transactions, the persons who were directors of the Company before such
 transactions shall cease to constitute at least a majority of the Board of
 Directors of the Company or any successor entity.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 14.        Notice.
 Unless otherwise provided herein, any notice, request, certificate or
 instrument required or permitted under this Agreement shall be in writing and
 shall be deemed “given” upon personal delivery to the party to be notified or
 three business days after deposit with the United States Service, by
 registered or certified mail, addressed to the party to receive notice at the
 address set forth above, postage prepaid. Either party may change its address
 by notice to the other party given in the manner set forth in this Section.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 15.        Entire Agreement. This Agreement constitutes the entire
 agreement between the parties and contains all the agreements between them
 with respect to the subject matter

 
	
  

 	
  

 	
  

 	
  

 	
  

 

7

hereof. It
also supersedes any and all other agreements or contracts, either oral or
written, between the parties with respect to the subject matter hereof. 

16.
    Modification.
Except as otherwise specifically provided, the terms and conditions of this
Agreement may be amended at any time by mutual agreement of the parties,
provided that before any amendment shall be valid or effective, it shall have
been reduced to writing and signed by an authorized representative of the
Company and Employee. 

17.
    No Waiver.
The failure of any party here to exercise any right, power or remedy provided
under this Agreement or otherwise available in respect hereof at law or in
equity, or to insist upon compliance by any other party hereto with its
obligations, shall not be a waiver by such party of its right to exercise any
such or other right, power or remedy or to demand compliance. 

18.
    Severability. In
the event that any paragraph or provision of this Agreement shall be held to be
illegal or unenforceable, such paragraph or provision shall be severed from
this Agreement and the entire Agreement shall not fail as a result, but shall
otherwise remain in full force and effect. 

19.
    Assignment.
This Agreement shall be binding upon and inure to the benefit of the Company
and its successors and assigns, and shall be binding upon Employee, his
administrators, executors, legatees, and heirs. In that this Agreement is a
personal services contract, it shall not be assigned by Employee. 

20.
    Dispute
Resolution. Except as otherwise provided in Section
10, the Company and Employee agree that any dispute between Employee and the
Company or its officers, directors, employees, or agents in their individual or
Company capacity of this Agreement, shall be submitted to a mediator for
nonbonding, confidential mediation. If the matter cannot be resolved with the
aid of the mediator, the Company and Employee mutually agree to arbitration of
the dispute. The arbitration shall be in accordance with the then-current
Employment Dispute Resolution Rules of the American Arbitration Association
(“AAA”) before an arbitrator who is licensed to practice law in the State of
Oregon. The arbitration shall take place in or near Portland, Oregon. Employee
and the Company will share the cost of the arbitration equally, but each will
bear their own costs and legal fees associated with the arbitration. However,
if any party prevails on a statutory claim, which affords the prevailing party
attorneys’ fees, or if there is a written agreement providing for attorneys’
fees, the arbitrator may award reasonable attorneys’ fees. 

          The
Company and Employee agree that the procedures outlined in this provision are
the exclusive method of dispute resolution. 

21.
    Attorneys’ Fees.
In the event suit or action is instituted pursuant to Section 10 of this
Agreement, the prevailing party in such proceeding, including any appeals
thereon, shall be awarded reasonable attorneys’ fees and costs. 

8

22.
    Applicable Law. This
Agreement shall be construed and enforced under and in accordance with the laws
of the State of Oregon. 

23.
    Counterparts.
This Agreement may be signed in two counterparts, each of which shall be deemed
an original and both of which shall together constitute one agreement. 

IN WITNESS
WHEREOF, BioCurex, Inc. has caused this Agreement to be signed by its duly
authorized representative, and Employee has hereunder set his name as of the
date of this Agreement. 

	
  

 	
  

 
	
 COMPANY:

 	
 BioCurex, Inc. 

 
	
  

 	
  

 
	
  

 	
 By: Ricardo
 Moro 

 
	
  

 	
  

 
	
 EMPLOYEE:

 	
  

 
	
  

 	
  

 
	
  

 	
 Denis R.
 Burger, Ph.D.

 

9

Exhibit A

List of Offices Held

President, Yamhill Valley Vineyards, Inc 

Treasurer, McMinnville Winegrowers
Association LLC 

Board of Directors, Trinity Biotech plc 

Chairman, Lorus Therapeutics, Inc 

Managing Director, Paradigm Ventures LLC 

Member, Sovereign Ventures LLC 

10

Exhibit B

Inventions Excluded from Covered Works

US Patent 4,904,581 Method of Detecting AIDS
Virus Infection 

11

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