Document:

Exhibit 10.3

 

FIRST AMENDMENT TO

BEKEM METALS, INC.

RESTRICTED STOCK AGREEMENT

 

This First Amendment to Bekem Metals, Inc. Restricted Stock Agreement (this "Agreement") is made as of March 25, 2008 by Bekem Metals, Inc., a Utah corporation (the "Employer"), and Nurlan Tajibayev, an individual resident in the Republic of Kazakhstan, Almaty (the "Executive").  The parties do hereby agree to amend said Bekem Metals, Inc. Restricted Stock Agreement with the Grant Date of October 19, 2006 as follows:

 

1. Section 3 is amended to read as follows:

 

3. VESTING

 

The interest of the Executive in the Stock shall vest as to one-fourth (47,929 shares) of such Stock on the first anniversary of the Grant Date.  The interest of the Executive in the Stock shall vest as to an additional one-fourth (47,929 shares)  of such Stock on the second anniversary of the Grant Date conditioned on the Employer having began construction of an ore processing plant prior to second anniversary of the Grant Date.  The interest of the Executive in the Stock shall vest as one-half (95,857 shares) of such Stock on the third anniversary of the Grant Date conditioned on the Employer having began commercial operations during the three year restricted period. 

 

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date above first written above.

 

	
            EMPLOYER: Bekem Metals, Inc. 
 
	
             
 
	
             
 
	
            
 
	
            Yermek Kudabayev, Chief Executive Officer
 
	
             
 
	
             
 
	
            EXECUTIVE:
 
	
             
 
	
             
 
	
            
 
	
            Nurlan Tajibayev
 

 

 

 

1EXHIBIT 10.4

             

            
            EMPLOYMENT AGREEMENT

             

            
            This Employment Agreement (this “Agreement”) is made as of
            March 25, 2008 by Bekem Metals, Inc., a Utah corporation (the “Employer”),
            and Zhassulan Bitenov, an individual resident in the Republic of Kazakhstan, Almaty
            (the “Executive”).

             

            
            RECITALS

             

            
            The Employer and the Executive desire the Executive’s employment
            with the Employer, and the Executive wishes to accept such employment, upon the terms
            and conditions set forth in this Agreement. The Executive is hereby appointed as Chief
            Financial Officer of the Employer on the terms and conditions set forth in this
            agreement.

             

            
            AGREEMENT

             

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

             

            1.
            DEFINITIONS

             

            For
            the purposes of this Agreement, the following terms have the meanings specified or
            referred to in this Section 1.

             

            
            “Agreement”--this
            Employment Agreement as amended from time to time, including Exhibit’s A and B
            (each denoted subsequently).

             

            
            “Basic
            Compensation”--Salary and Benefits as set forth in
            Section 3, which shall be inclusive of any compensation payable under the Individual
            Labor Contract, dated January 3, 2008 which is attached hereto as Exhibit
            “A”, incorporated herein by this reference (Exhibit
            “A”).

             

            
            “Benefits”--as defined
            in Section 3.1(b).

             

            
            “Board of
            Directors”--the board of directors of the
            Employer.

             

            
            “Confidential
            Information”--any and all:

             

            (a)
            trade secrets concerning the business and affairs of the Employer, product
            specifications, data, know-how, formulae, compositions, processes, designs, sketches,
            photographs, graphs, drawings, samples, inventions and ideas, past, current, and
            planned research and development, current and planned manufacturing or distribution
            methods and processes, customer lists, current and anticipated customer requirements,
            price lists, market studies, business plans, computer software and programs (including
            object code and source code), computer

             

            
            1

             

            
            

            

            

            
            software and database technologies, systems, structures, and
            architectures (and related formulae, compositions, processes, improvements, devices,
            know-how, inventions, discoveries, concepts, ideas, designs, methods and information
            and any other information, however documented, that is a trade secret within the
            meaning of Utah Code Ann. § 13-24-2(4)(a)-(b); and

             

            (b)
            information concerning the business and affairs of the Employer (which includes
            historical financial statements, financial projections and budgets, historical and
            projected sales, capital spending budgets and plans, the names and backgrounds of key
            personnel, personnel training and techniques and materials, however documented;
            and

             

            (c)
            notes, analysis, compilations, studies, summaries, and other material prepared by or
            for the Employer containing or based, in whole or in part, on any information included
            in the foregoing.

             

            
            “disability”--as defined
            in Section 6.2.

             

            
            “Effective Date”--the
            date stated in the first paragraph of the Agreement.

             

            
            “Employee
            Invention”--any idea, invention, technique,
            modification, process, or improvement (whether patentable or not), any industrial
            design (whether registerable or not), any mask work, however fixed or encoded, that is
            suitable to be fixed, embedded or programmed in a semiconductor product (whether
            recordable or not), and any work of authorship (whether or not copyright protection may
            be obtained for it) created, conceived, or developed by the Executive, either solely or
            in conjunction with others, during the Employment Period, or a period that includes a
            portion of the Employment Period, that relates in any way to, or is useful in any
            manner in, the business then being conducted or proposed to be conducted by the
            Employer, and any such item created by the Executive, either solely or in conjunction
            with others, following termination of the Executive's employment with the Employer,
            that is based upon or uses Confidential Information.

             

            
            “Employment Period”--the
            term of the Executive’s employment under this Agreement.

             

            
            “Fiscal Year”--the
            Employer’s fiscal year, as it exists on the Effective Date or as changed from
            time to time.

             

            
            “for cause”--as defined
            in Section 6.3.

             

            
            “for good reason”--as
            defined in Section 6.4.

             

            
            “Incentive
            Compensation”--as defined in Section
            3.2.

             

            
            “Noncompetition
            Agreement”--as defined in Section 6.3.

             

            
            “Performance Bonus
            Scheme”--is a plan adopted or approved by the Board
            of Directors in its sole discretion to provide a performance bonus paid in
            cash.

             

            
            2

             

            
            

            

            

             

            
            “person”--any
            individual, corporation (including any non-profit corporation), general or limited
            partnership, limited liability company, joint venture, estate, trust, association,
            organization, or governmental body.

             

            
            “Post-Employment
            Period”--as defined in Section 8.2.

             

            
            “Proprietary Items”--as
            defined in Section 7.2(a)(iv).

             

            
            “Salary”--as defined in
            Section 3.1(a).

             

            2.
            EMPLOYMENT TERMS AND DUTIES

             

            2.1
            EMPLOYMENT

             

            The
            Employer hereby employs the Executive, and the Executive hereby accepts employment by
            the Employer, upon the terms and conditions set forth in this Agreement.

             

            2.2
            TERM

             

            
            Subject to the provisions of Section 6, the term of the
            Executive’s employment under this Agreement will be one (1) year, beginning on
            the Effective Date and ending on the anniversary of the Effective Date. The Term will
            continue for three (3) one-year periods after the initial term unless terminated by
            either party before the beginning of a renewal term.

             

            2.3
            DUTIES

             

            The
            Executive will have such duties as are assigned or delegated to the Executive by the
            Board of Directors, and will initially serve as Chief Financial Officer of the
            Employer. The Executive will devote his entire business time, attention, skill, and
            energy exclusively to the business of the Employer, will use his best good faith
            efforts to promote the success of the Employer's business, and will cooperate fully
            with the Board of Directors in the advancement of the best interests of the Employer.
            Nothing in this Section 2.3, however, will prevent the Executive from engaging in
            additional activities in connection with personal investments and community affairs
            that are not inconsistent with the Executive's duties under this Agreement. If the
            Executive is elected as a director of the Employer or as a director or officer of any
            of its affiliates, the Executive will fulfill his duties as such director or officer
            without additional compensation.

             

            
            3

             

            
            

            

            

            3.
            COMPENSATION

             

            3.1
            BASIC COMPENSATION

             

            
            (A) Salary. The
            Executive will be paid an annual salary of $108,000, subject to adjustment as provided
            below (the “Salary”), which will be payable in equal periodic installments
            according to the Employer's customary payroll practices, but no less frequently than
            monthly. The Salary will be reviewed by the Board of Directors not less frequently than
            annually, and may be adjusted upward or downward in the sole discretion of the Board of
            Directors, but in no event will the Salary be less than $108,000 per year. The annual
            salary of $108,000 shall be a net, payable to the executive, with payment made in the
            Republic of Kazakhstan. All taxes and dues required under the applicable laws of
            Kazakhstan will be the responsibility of Bekem Metals, Inc.

             

            
            (B) Benefits. The
            Executive will, during the Employment Period, be permitted to participate in such
            pension, profit sharing, bonus, life insurance, hospitalization, major medical, and
            other employee benefit plans of the Employer that may be in effect from time to time,
            to the extent the Executive is eligible under the terms of those plans (collectively,
            the “Benefits”).

             

            3.2
            INCENTIVE COMPENSATION

             

            
            (A) Bonuses and Additional Payments.
            Executive shall be eligible on the Board of Directors’ sole
            discretion for performance bonuses in accordance with the terms of Employers
            Performance Bonus Scheme.

             

            
            (B) Stock Options.
            The Employer shall provide Executive with stock options or stock grants
            to acquire 383,429 common shares in the Employer. The terms and conditions of such
            stock options or stock grants will be governed by the EMPS Research Corporation 2003
            Stock Option Plan as adopted March 4th, 2003. Terms and conditions of the
            stock grants are as set out in Exhibit “B”, as attached hereto and
            incorporated herein by this reference (Exhibit “B”) annexed to this
            Agreement. Any taxation applied to bonuses and stock options shall be the
            Executive’s sole responsibility under USA and/or any other applicable
            jurisdictions.

             

            4.
            FACILITIES AND EXPENSES

             

            4.1
            GENERAL

             

            The
            Employer will furnish the Executive office space, equipment, supplies, and such other
            facilities and personnel as the Employer deems necessary or appropriate for the
            performance of the Executive's duties under this Agreement. The Employer will pay the
            Executive's dues in such professional societies and organizations as the Chairman of
            the Board deems appropriate, and will pay on behalf of the Executive (or reimburse the
            Executive for) reasonable expenses incurred by the Executive at the request of, or on
            behalf of, the Employer in the performance of the Executive's duties pursuant to this
            Agreement, and in accordance with the Employer's employment policies, including
            reasonable expenses incurred by the Executive in attending conventions, seminars, and
            other business meetings, in appropriate business entertainment activities, and for
            promotional expenses. The Executive must file expense reports with respect to such
            expenses in accordance with the Employer's policies.

             

            
            4

             

            
            

            

            

            5.
            VACATIONS AND HOLIDAYS

             

            The
            Executive will be entitled to 28 paid vacation days in accordance with the vacation
            policies of the Employer in effect for its executive officers from time to time.
            Vacation must be taken by the Executive at such time or times as approved by the
            Chairman of the Board or Chief Executive Officer. The Executive will also be entitled
            to the paid holidays and other paid leave set forth in the Employer's policies as
            adopted and amended from time to time. Vacation days and holidays during any Fiscal
            Year that are not used by the Executive during such Fiscal Year may not be used in any
            subsequent Fiscal Year.

             

            6.
            TERMINATION

             

            6.1
            EVENTS OF TERMINATION

             

            
            The Employment Period, the Executive’s Basic Compensation and
            Incentive Compensation, and any and all other rights of the Executive under this
            Agreement or otherwise as an employee of the Employer will terminate (except as
            otherwise provided in this Section 6):

             

            (a)
            upon the death of the Executive;

             

            (b)
            upon the disability of the Executive (as defined in Section 6.2) immediately upon
            notice from either party to the other;

             

            (c)
            for cause (as defined in Section 6.3), immediately upon notice from the Employer to the
            Executive, or at such later time as such notice may specify; or

             

            (d)
            for good reason (as defined in Section 6.4) upon not less than thirty days’ prior
            notice from the Executive to the Employer.

             

            6.2
            DEFINITION OF DISABILITY

             

            For
            purposes of Section 6.1, the Executive will be deemed to have a
            “disability” if, for physical or mental reasons, the Executive is unable to
            perform the Executive's duties under this Agreement for 120 consecutive days, or 180
            days during any twelve month period, as determined in accordance with this
            Section 6.2. The disability of the Executive will be determined by a medical
            doctor selected by written agreement of the Employer and the Executive upon the request
            of either party by notice to the other. If the Employer and the Executive cannot agree
            on the selection of a medical doctor, each of them will select a medical doctor and the
            two medical doctors will select a third medical doctor who will determine whether the
            Executive has a disability. The determination of the medical doctor selected under this
            Section 6.2 will be binding on both parties. The Executive must submit to a reasonable
            number of examinations by the medical doctor making the determination of disability
            under this Section 6.2, and the Executive hereby authorizes the disclosure and release
            to the Employer of such determination and all supporting medical records. If the
            Executive is not legally competent, the Executive's legal guardian or duly authorized
            attorney-in-fact will act in the Executive’s stead, under this Section 6.2, for
            the purposes of submitting the Executive to the examinations, and providing the
            authorization of disclosure, required under this Section 6.2.

             

            
            5

            
            

            

            

             

            6.3
            DEFINITION OF “FOR CAUSE”

             

            For
            purposes of Section 6.1, the phrase “for cause” means: (a) the
            Executive’s breach of this Agreement ; (b) the Executive’s failure to
            adhere to any written Employer policy if the Executive has been given a reasonable
            opportunity to comply with such policy or cure his failure to comply (which reasonable
            opportunity must be granted during the ten-day period preceding termination of this
            Agreement); (c) the appropriation (or attempted appropriation) of a material
            business opportunity of the Employer, including attempting to secure or securing any
            personal profit in connection with any transaction entered into on behalf of the
            Employer; (d) the misappropriation (or attempted misappropriation) of any of the
            Employer’s funds or property; or (e) the conviction of, the indictment for
            (or its procedural equivalent), or the entering of a guilty plea or plea of no contest
            with respect to, a felony, the equivalent thereof, or any other crime with respect to
            which imprisonment is a possible punishment; or (f) any behavior or conduct of the
            Executive that, in the judgment of the Employer’s board of directors, is
            detrimental to or harms the business or reputation of the Employer.

             

            6.4
            DEFINITION OF “FOR GOOD REASON”

             

            For
            purposes of Section 6.1, the phrase “for good reason” means any of the
            following: (a) The Employer’s material breach of this Agreement;
            (b) the assignment of the Executive without his consent to a position,
            responsibilities, or duties of a materially lesser status or degree of responsibility
            than his position, responsibilities, or duties at the Effective Date; or (c) the
            relocation of the Employer’s principal executive offices outside the Kazakhstan
            area; or (d) the requirement by the Employer that the Executive be based anywhere
            other than the Employer’s principal executive offices, in either case without the
            Executive’s consent.

             

            6.5
            TERMINATION PAY

             

            
            Effective upon the termination of this Agreement, the Employer will be
            obligated to pay the Executive (or, in the event of his death, his designated
            beneficiary as defined below) only such compensation as is provided in this Section
            6.5, and in lieu of all other amounts and in settlement and complete release of all
            claims the Executive may have against the Employer. For purposes of this Section 6.5,
            the Executive's designated beneficiary will be such individual beneficiary or trust,
            located at such address, as the Executive may designate by notice to the Employer from
            time to time or, if the Executive fails to give notice to the Employer of such a
            beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the
            Employer will have no duty, in any circumstances, to attempt to open an estate on
            behalf of the Executive, to determine whether any beneficiary designated by the
            Executive is alive or to ascertain the address of any such beneficiary, to determine
            the existence of any trust, to determine whether any person or entity purporting to act
            as the Executive's personal representative or the trustee of a trust established by the
            Executive is duly authorized to act in that capacity, or to locate or attempt to locate
            any beneficiary, personal representative, or trustee.

             

            
            6

            
            

            

            

            
            (A) Termination by the Executive for Good
            Reason. If the Executive terminates this Agreement for good
            reason, the Employer will pay the Executive (i) the Executive’s Salary for the
            remainder, if any, of the calendar month in which such termination is effective plus
            the three succeeding calendar months. An additional calendar month will be added to the
            three succeeding calendar months up to a maximum of twelve calendar months for each
            year of completed service beginning after two full years of completed service, and (ii)
            that portion of the Executive's Incentive Compensation, if any, for the Fiscal Year
            during which the termination is effective, prorated through the date of termination.
            Notwithstanding the preceding sentence, if the Executive obtains other employment prior
            to the end of the severance pay period under this agreement, he must promptly give
            notice thereof to the Employer, and the Salary payments under this Agreement for any
            period after the Executive obtains other employment will be reduced by the amount of
            the cash compensation received and to be received by the Executive from the
            Executive’s other employment for services performed during such
            period.

             

            
            (B) Termination by the Employer for
            Cause. If the Employer terminates this Agreement for cause,
            the Executive will be entitled to receive his Salary only through the date such
            termination is effective, but will not be entitled to any Incentive Compensation for
            the Fiscal Year during which such termination occurs or any subsequent Fiscal
            Year.

             

            
            (C) Termination upon Disability.
            If this Agreement is terminated by either party as a result of the
            Executive’s disability, as determined under Section 6.2, the Employer will pay
            the Executive his Salary through the remainder of the calendar month during which such
            termination is effective and for the lesser of (i) 3 consecutive months
            thereafter, or (ii) the period until disability insurance benefits commence under
            the disability insurance coverage furnished by the Employer to the
            Executive.

             

            
            (D) Termination upon Death.
            If this Agreement is terminated because of the Executive’s death,
            the Executive will be entitled to receive his Salary through the end of the calendar
            month in which his death occurs, and that part of the Executive’s Incentive
            Compensation, if any, for the Fiscal Year during which his death occurs, prorated
            through the end of the calendar month during which his death occurs.

             

            
            (E) Benefits. The
            Executive’s accrual of, or participation in plans providing for, the Benefits
            will cease at the effective date of the termination of this Agreement, and the
            Executive will be entitled to accrued Benefits pursuant to such plans only as provided
            in such plans. The Executive will not receive, as part of his termination pay pursuant
            to this Section 6, any payment or other compensation for any vacation, holiday,
            sick leave, or other leave unused on the date the notice of termination is given under
            this Agreement.

             

            
            7

            
            

            

            

            7.
            NON-DISCLOSURE COVENANT; EMPLOYEE INVENTIONS

             

            7.1
            ACKNOWLEDGMENTS BY THE EXECUTIVE

             

            The
            Executive acknowledges that (a) during the Employment Period and as a part of his
            employment, the Executive will be afforded access to Confidential Information;
            (b) public disclosure of such Confidential Information could have an adverse
            effect on the Employer and its business; (c) because the Executive possesses
            substantial technical expertise and skill with respect to the Employer's business, the
            Employer desires to obtain exclusive ownership of each Employee Invention, and the
            Employer will be at a substantial competitive disadvantage if it fails to acquire
            exclusive ownership of each Employee Invention; (d) the Employer has required that
            the Executive make the covenants in this Section 7 as a condition to its purchase of
            the Employer’s stock; and (e) the provisions of this Section 7 are
            reasonable and necessary to prevent the improper use or disclosure of Confidential
            Information and to provide the Employer with exclusive ownership of all Employee
            Inventions.

             

            7.2
            AGREEMENTS OF THE EXECUTIVE

             

            In
            consideration of the compensation and benefits to be paid or provided to the Executive
            by the Employer under this Agreement, the Executive covenants as follows:

             

            
            (A)
            Confidentiality.

             

            (i)
            During and following the Employment Period, the Executive will hold in confidence the
            Confidential Information and will not disclose it to any person except with the
            specific prior written consent of the Employer or except as otherwise expressly
            permitted by the terms of this Agreement.

             

            (ii)
            Any trade secrets of the Employer will be entitled to all of the protections and
            benefits under the United States Code, and Utah Code Annotated and any other applicable
            law. If any information that the Employer deems to be a trade secret is found by a
            court of competent jurisdiction not to be a trade secret for purposes of this
            Agreement, such information will, nevertheless, be considered Confidential Information
            for purposes of this Agreement. The Executive hereby waives any requirement that the
            Employer submit proof of the economic value of any trade secret or post a bond or other
            security.

             

            
            (iii) None of the foregoing obligations and restrictions applies to any
            part of the Confidential Information that the Executive demonstrates was or became
            generally available to the public other than as a result of a disclosure by the
            Executive.

             

            (iv)
            The Executive will not remove from the Employer’s premises (except to the extent
            such removal is for purposes of the performance of the Executive’s duties at home
            or while traveling, or except as otherwise specifically authorized by the Employer) any
            document, record, notebook, plan, model, component, device, or computer software or
            code, whether embodied in a disk or in any other form (collectively, the
            “Proprietary Items”). The Executive recognizes that, as between the
            Employer and the Executive, all of the Proprietary Items, whether or not developed by
            the Executive, are the exclusive property of the Employer. Upon termination of this
            Agreement by either party, or upon the request of the Employer during the Employment
            Period, the Executive will return to the Employer all of the Proprietary Items in the
            Executive's possession or subject to the Executive's control, and the Executive shall
            not retain any copies, abstracts, sketches, or other physical embodiment of any of the
            Proprietary Items.

             

            
            8

            
            

            

            

             

            
            (B) Employee Inventions.
            Each Employee Invention will belong exclusively to the Employer. The
            Executive acknowledges that all of the Executive's writing, works of authorship,
            specially commissioned works, and other Employee Inventions are works made for hire and
            the property of the Employer, including any copyrights, patents, semiconductor mask
            protection, or other intellectual property rights pertaining thereto. If it is
            determined that any such works are not works made for hire, the Executive hereby
            assigns to the Employer all of the Executive's right, title, and interest, including
            all rights of copyright, patent, semiconductor mask protection, and other intellectual
            property rights, to or in such Employee Inventions. The Executive covenants that he
            will promptly:

             

            (i)
            disclose to the Employer in writing any Employee Invention;

             

            (ii)
            assign to the Employer or to a party designated by the Employer, at the Employer's
            request and without additional compensation, all of the Executive's right to the
            Employee Invention for the United States and all foreign jurisdictions;

             

            
            (iii) execute and deliver to the Employer such applications,
            assignments, and other documents as the Employer may request in order to apply for and
            obtain patents or other registrations with respect to any Employee Invention in the
            United States and any foreign jurisdictions;

             

            (iv)
            sign all other papers necessary to carry out the above obligations; and

             

            (v)
            give testimony and render any other assistance in support of the Employer’s
            rights to any Employee Invention.

             

            7.3
            DISPUTES OR CONTROVERSIES

             

            The
            Executive recognizes that should a dispute or controversy arising from or relating to
            this Agreement be submitted for adjudication to any court, arbitration panel, or other
            third party, the preservation of the secrecy of Confidential Information may be
            jeopardized. All pleadings, documents, testimony, and records relating to any such
            adjudication will be maintained in secrecy and will be available for inspection by the
            Employer, the Executive, and their respective attorneys and experts, who will agree, in
            advance and in writing, to receive and maintain all such information in secrecy, except
            as may be limited by them in writing.

             

            8.
            NON-COMPETITION AND NON-INTERFERENCE

             

            8.1
            ACKNOWLEDGMENTS BY THE EXECUTIVE

             

            The
            Executive acknowledges that: (a) the services to be performed by him under this
            Agreement are of a special, unique, unusual, extraordinary, and intellectual character;
            (b) the Employer’s business is international in scope and its products are
            to be marketed throughout the world; (c) the Employer competes with other
            businesses that are or could be located in any part of the Republic of Kazakhstan;
            (d) the Employer has required that the Executive make the covenants set forth in
            this Section 8 as a condition to this employment agreement; and (e) the provisions
            of this Section 8 are reasonable and necessary to protect the Employer’s
            business.

             

            
            9

            
            

            

            

             

            8.2
            COVENANTS OF THE EXECUTIVE

             

            In
            consideration of the acknowledgments by the Executive, and in consideration of the
            compensation and benefits to be paid or provided to the Executive by the Employer, the
            Executive covenants that he will not, directly or indirectly:

             

            (a)
            during the Employment Period, except in the course of his employment hereunder, and
            during the Post-Employment Period, engage or invest in, own, manage, operate, finance,
            control, or participate in the ownership, management, operation, financing, or control
            of, be employed by, associated with, or in any manner connected with, lend the
            Executive’s name or any similar name to, lend Executive’s credit to or
            render services or advice to, any business whose products or activities compete in
            whole or in part with the products or activities of the Employer; provided, however,
            that the Executive may purchase or otherwise acquire up to (but not more than) one
            percent of any class of securities of any enterprise (but without otherwise
            participating in the activities of such enterprise) if such securities are listed on
            any national or regional securities exchange or have been registered under Section
            12(g) of the Securities Exchange Act of 1934;

             

            (b)
            whether for the Executive’s own account or for the account of any other person,
            at any time during the Employment Period and the Post-Employment Period, solicit
            business of the same or similar type being carried on by the Employer, from any person
            known by the Executive to be a customer of the Employer, whether or not the Executive
            had personal contact with such person during and by reason of the Executive’s
            employment with the Employer;

            (c)
            whether for the Executive’s own account or the account of any other person
            (i) at any time during the Employment Period and the Post-Employment Period,
            solicit, employ, or otherwise engage as an employee, independent contractor, or
            otherwise, any person who is or was an employee of the Employer at any time during the
            Employment Period or in any manner induce or attempt to induce any employee of the
            Employer to terminate his employment with the Employer; or (ii) at any time during
            the Employment Period and for three years thereafter, interfere with the
            Employer’s relationship with any person, including any person who at any time
            during the Employment Period was an employee, contractor, supplier, or customer of the
            Employer; or

             

            (d)
            at any time during or after the Employment Period, disparage the Employer or any of its
            shareholders, directors, officers, employees, or agents.

             

            For
            purposes of this Section 8.2, the term “Post-Employment Period” means the
            two (2) year period beginning on the date of termination of the Executive’s
            employment with the Employer.

             

            If
            any covenant in this Section 8.2 is held to be unreasonable, arbitrary, or against
            public policy, such covenant will be considered to be divisible with respect to scope,
            time, and geographic area, and such lesser scope, time, or geographic area, or all of
            them, as a court of competent jurisdiction may determine to be reasonable, not
            arbitrary, and not against public policy, will be effective, binding, and enforceable
            against the Executive.

             

            
            10

            
            

            

            

            The
            period of time applicable to any covenant in this Section 8.2 will be extended by the
            duration of any violation by the Executive of such covenant.

             

            The
            Executive will, while the covenant under this Section 8.2 is in effect, give notice to
            the Employer, within ten days after accepting any other employment, of the identity of
            the Executive’s employer. The Employer or the Employer may notify such employer
            that the Executive is bound by this Agreement and, at the Employer’s election,
            furnish such employer with a copy of this Agreement or relevant portions
            thereof.

             

            9.
            GENERAL PROVISIONS

             

            9.1
            INJUNCTIVE RELIEF AND ADDITIONAL REMEDY

             

            The
            Executive acknowledges that the injury that would be suffered by the Employer as a
            result of a breach of the provisions of this Agreement (including any provision of
            Sections 7 and 8) would be irreparable and that an award of monetary damages to the
            Employer for such a breach would be an inadequate remedy. Consequently, the Employer
            will have the right, in addition to any other rights it may have, to obtain injunctive
            relief to restrain any breach or threatened breach or otherwise to specifically enforce
            any provision of this Agreement, and the Employer will not be obligated to post bond or
            other security in seeking such relief. Without limiting the Employer’s rights
            under this Section 9 or any other remedies of the Employer, if the Executive breaches
            any of the provisions of Section 7 or 8, the Employer will have the right to cease
            making any payments otherwise due to the Executive under this Agreement

             

            9.2
            COVENANTS OF SECTIONS 7 AND 8 ARE ESSENTIAL AND INDEPENDENT COVENANTS

             

            The
            covenants by the Executive in Sections 7 and 8 are essential elements of this
            Agreement, and without the Executive’s agreement to comply with such covenants,
            the Employer would not have entered into this Agreement or employed or continued the
            employment of the Executive. The Employer and the Executive have independently
            consulted their respective counsel and have been advised in all respects concerning the
            reasonableness and propriety of such covenants, with specific regard to the nature of
            the business conducted by the Employer.

             

            The
            Executive’s covenants in Sections 7 and 8 are independent covenants and the
            existence of any claim by the Executive against the Employer under this Agreement or
            otherwise, or against the Employer, will not excuse the Executive’s breach of any
            covenant in Section 7 or 8.

             

            If
            the Executive’s employment hereunder expires or is terminated, this Agreement
            will continue in full force and effect as is necessary or appropriate to enforce the
            covenants and agreements of the Executive in Sections 7 and 8.

             

            
            11

            
            

            

            

            

            9.3
            OFFSET

             

            The
            Employer will be entitled to offset against any and all amounts owing to the Executive
            under this Agreement the amount of any and all claims that the Employer may have
            against the Executive under this Agreement.

             

            9.4
            REPRESENTATIONS AND WARRANTIES BY THE EXECUTIVE

             

            The
            Executive represents and warrants to the Employer that the execution and delivery by
            the Executive of this Agreement do not, and the performance by the Executive of the
            Executive’s obligations hereunder will not, with or without the giving of notice
            or the passage of time, or both: (a) violate any judgment, writ, injunction, or
            order of any court, arbitrator, or governmental agency applicable to the Executive; or
            (b) conflict with, result in the breach of any provisions of or the termination
            of, or constitute a default under, any agreement to which the Executive is a party or
            by which the Executive is or may be bound.

             

            9.5
            OBLIGATIONS CONTINGENT ON PERFORMANCE

             

            The
            obligations of the Employer hereunder, including its obligation to pay the compensation
            provided for herein, are contingent upon the Executive’s performance of the
            Executive’s obligations hereunder.

             

            9.6
            WAIVER

             

            The
            rights and remedies of the parties to this Agreement are cumulative and not
            alternative. Neither the failure nor any delay by either party in exercising any right,
            power, or privilege under this Agreement will operate as a waiver of such right, power,
            or privilege, and no single or partial exercise of any such right, power, or privilege
            will preclude any other or further exercise of such right, power, or privilege or the
            exercise of any other right, power, or privilege. To the maximum extent permitted by
            applicable law, (a) no claim or right arising out of this Agreement can be
            discharged by one party, in whole or in part, by a waiver or renunciation of the claim
            or right unless in writing signed by the other party; (b) no waiver that may be
            given by a party will be applicable except in the specific instance for which it is
            given; and (c) no notice to or demand on one party will be deemed to be a waiver
            of any obligation of such party or of the right of the party giving such notice or
            demand to take further action without notice or demand as provided in this
            Agreement.

             

            9.7
            BINDING EFFECT; DELEGATION OF DUTIES PROHIBITED

             

            This
            Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto
            and their respective successors, assigns, heirs, and legal representatives, including
            any entity with which the Employer may merge or consolidate or to which all or
            substantially all of its assets may be transferred. The duties and covenants of the
            Executive under this Agreement, being personal, may not be delegated.

             

            
            12

             

            
            

            

            

             

            9.8
            NOTICES

             

            All
            notices, consents, waivers, and other communications under this Agreement must be in
            writing and will be deemed to have been duly given when (a) delivered by hand
            (with written confirmation of receipt), (b) sent by facsimile (with written
            confirmation of receipt), provided that a copy is mailed by registered mail, return
            receipt requested, or (c) when received by the addressee, if sent by a nation-ally
            recognized overnight delivery service (receipt requested), in each case to the
            appropriate addresses and facsimile numbers set forth below (or to such other addresses
            and facsimile numbers as a party may designate by notice to the other
            parties):

             

            
                	
                            
                             

                        	
                            
                            If to Employer:

                        	
                            
                            Bekem Metals, Inc.

                        

            

            
                	
                            
                             

                        	
                            
                            324 South 400 West

                        

            

            
                	
                            
                             

                        	
                            
                            Suite 225

                        

            

            
                	
                            
                             

                        	
                            
                            Salt Lake City, UT 84101

                        

            

            
             

            
                	
                            
                             

                        	
                            
                            Attention:

                        	
                            
                            Adam Cook

                        

            

             

             

            
                	
                            
                             

                        	
                            
                            With a copy to:

                        	
                            
                            Poulton & Yordan

                        

            

            
                	
                            
                             

                        	
                            
                            324 South 400 West

                        

            

            
                	
                            
                             

                        	
                            
                            Suite 250

                        

            

            
                	
                            
                             

                        	
                            
                            Salt Lake City, UT 84101

                        

            

            
             

            
                	
                            
                             

                        	
                            
                            Attention:

                        	
                            
                            Ronald L. Poulton

                        

            

            
             

            
             

            
                	
                            
                             

                        	
                            
                            If to the Executive:

                        	
                            
                            Zhassulan Bitenov

                        

            

            
                	
                            
                             

                        	
                            
                            170 Tchaikovsky Street, 4th Floor

                        

            

            
                	
                            
                             

                        	
                            
                            Almaty, Republic of Kazakhstan 050000

                        

            

            
             

            
                	
                            
                             

                        	
                            
                            With a copy to:

                        	
                            
                            _______________________

                        

            

            
                	
                            
                             

                        	
                            
                            _______________________

                        

            

            
                	
                            
                             

                        	
                            
                            _______________________

                        

            

            
                	
                            
                             

                        	
                            
                            _______________________

                        

            

             

            
                	
                            
                             

                        	
                            
                            Attention:

                        	
                            
                            _______________________

                        

            

            
                	
                            
                             

                        	
                            
                            Facsimile No.:

                        	
                            
                            _______________________

                        

            

             

            9.9
            ENTIRE AGREEMENT; AMENDMENTS

             

            This
            Agreement contains the entire agreement between the parties with respect to the subject
            matter hereof and supersede all prior agreements and understandings, oral or written,
            between the parties hereto with respect to the subject matter hereof. This
            Agreement may not be amended orally, but only by an agreement in
            writing signed by the parties hereto.

             

            
            13

            
            

            

            

             

            9.10
            GOVERNING LAW

             

            This
            Agreement will be governed by the laws of the State of Utah without regard to conflicts
            of laws principles.

             

            9.11
            JURISDICTION

             

            Any
            action or proceeding seeking to enforce any provision of, or based on any right arising
            out of, this Agreement may be brought against either of the parties in the courts of
            the State of Utah, County of Salt Lake, or, if it has or can acquire jurisdiction, in
            the United States District Court for the District of Utah, and each of the parties
            consents to the jurisdiction of such courts (and of the appropriate appellate courts)
            in any such action or proceeding and waives any objection to venue laid therein.
            Process in any action or proceeding referred to in the preceding sentence may be served
            on either party anywhere in the world.

             

            9.12
            SECTION HEADINGS, CONSTRUCTION

             

            The
            headings of Sections in this Agreement are provided for convenience only and will not
            affect its construction or interpretation. All references to “Section” or
            “Sections” refer to the corresponding Section or Sections of this Agreement
            unless otherwise specified. All words used in this Agreement will be construed to be of
            such gender or number as the circumstances require. Unless otherwise expressly
            provided, the word “including” does not limit the preceding words or
            terms.

             

            9.13
            SEVERABILITY

             

            If
            any provision of this Agreement is held invalid or unenforceable by any court of
            competent jurisdiction, the other provisions of this Agreement will remain in full
            force and effect. Any provision of this Agreement held invalid or unenforceable only in
            part or degree will remain in full force and effect to the extent not held invalid or
            unenforceable.

             

            9.14
            CONFLICTS

             

            In
            any conflict in terms or provisions between this Agreement, dated March 25, 2008 and
            the Individual Labor Contract, dated January 3, 2008, Exhibit
            “A”, the terms of this Agreement shall be controlling. This agreement shall
            be construed to be consistent with the Labor Legislation of the Republic of
            Kazakhstan.

             

            9.15
            COUNTERPARTS

             

            This
            Agreement may be executed in one or more counterparts, each of which will be deemed to
            be an original copy of this Agreement and all of which, when taken together, will be
            deemed to constitute one and the same agreement.

             

            
            14

            
            

            

            

            IN
            WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date
            above first written above.

             

            
                	
                            
                            EMPLOYER: Bekem Metals, Inc.

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                            Yermek Kudabayev, Chief Executive Officer

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                            EXECUTIVE:

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                            Zhassulan Bitenov

                        

            

             

             

            
            15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]