Document:

Exhibit 10.01

                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT made effective as of June 15th, 2012.

                                    BETWEEN:

     DOMARK INTERNATIONAL INC., a corporation incorporated under the laws of the
     State of Nevada, with its head office located at 254 S. Ronald Reagan Blvd.
     Suite   134,   Longwood,   Florida,   32750   (herein   after   called  the
     "Corporation").

                                     - AND -

     ANDREW S. RITCHIE, an individual residing in London,  England  (hereinafter
     called the "Employee").

     NOW  THEREFORE in  consideration  of the mutual  covenants  and  agreements
herein  contained (the receipt and sufficiency of which are hereby  acknowledged
by each of the Corporation  and the Employee),  the Corporation and the Employee
agree as follows:

                    ARTICLE 1: APPOINTMENT & EFFECTIVE DATE

1.1 This agreement is effective June 15th, 2012 (the `Effective Date'), at which
time  the  Employee  shall  be  employed  as  Chief  Executive  Officer  of  the
Corporation for an indefinite period or until terminated under the terms of this
agreement.

1.2 The  Employee  agrees  to  serve in the  assigned  position  and to  perform
diligently  and to the best of  Employee's  abilities  the duties  and  services
appertaining  to  such  position  as  determined  by  Employer,  as well as such
additional or different  duties and services  appropriate to such position which
Employee from time to time may be reasonably directed to perform by Employer.

1.3 As of the Effective  Date,  the Employee shall be elected as a member of the
Corporation's Board of Directors.

                 ARTICLE 2: COMPENSATION, BENEFITS AND EXPENSES

2.1 The remuneration  payable to the Employee for Services during the Term shall
be payable by the Corporation as follows:

     a)   An annual salary of no less than  $240,000.00  before tax withholding:
          to be payable  biweekly;  in accordance  with the Employer's  standard
          payroll practice for its executives.

     b)   A $10,000.00 signing bonus.
<PAGE>
     c)   The Corporation agrees to issue to the Employee 150,000 Stock Purchase
          Warrants  ("Warrants")  exercisable  to purchase  shares in the Common
          Stock of the Corporation at US$1.00.  The Warrants will be exercisable
          for a period of three (3) and can be  vested  quarterly  on a pro rata
          basis over twelve (12) months from the date of issue.

     d)   Employee  will be  enrolled  in the long term  Executive  Option  Plan
          ("EOP") no later than three (3) months after the Effective Date.

2.2 From and  after  the  Effective  Date,  Employer  shall  pay,  or  reimburse
Employee,  for all ordinary,  reasonable  and necessary  expenses which Employee
incurs in performing his duties under this Agreement including,  but not limited
to, travel,  entertainment,  professional dues and subscriptions,  and all dues,
fees and expenses associated with membership in various  professional,  business
and civic associations and societies of which Employee's participation is in the
best interest of Employer.

2.3 During the Term and while Employee is employed by Employer,  and in addition
to any group term life  insurance  otherwise  generally  provided  to  executive
employees of Employer,  Employer  will purchase and maintain at its expense term
life insurance on the life of Employee in the face amount of $2,500,000  payable
to the beneficiary or beneficiaries designated by Employee.

2.4 While employed by Employer, Employee shall be allowed to participate, on the
same basis  generally as other  employees of Employer,  in all general  employee
benefit plans and programs, including improvements or modifications of the same,
which on the effective  date or thereafter are made available by Employer to all
or substantially all of Employer's  executive employees.  Such benefits,  plans,
and programs may include, without limitation,  medical, health, and dental care,
life insurance, disability protection, and qualified retirement plans.

                              ARTICLE 3: SERVICES

3.1 The Employee shall perform for the  Corporation the Services as set forth by
the Board of Directors.  The character of the Employee's Services may be changed
from time to time, with the mutual agreement of the parties, and notwithstanding
any such change in the Services, the Term shall continue as set forth in Article
5 of this Agreement.

3.2 The Employee shall serve the  Corporation  faithfully and to the best of his
ability  during the Term and throughout the Term the Employee shall make himself
available at all reasonable times necessary in order to perform the Services.

3.3 The Employee shall obey and carry out all lawful orders and directions given
to him by the  Corporation  within the scope of the  Services and shall obey and
carry out the general working policies and follow the established  procedures of
the Corporation.

3.4 The Employee shall,  in the  performance of this Agreement,  comply with all
applicable  laws,  regulations  and orders of the United State of America and of
any State or local  subdivision  thereof,  including,  but not limited to, laws,
regulations and orders pertaining to the provision of the Services.

                                       2
<PAGE>
                           ARTICLE 4: CONFIDENTIALITY

4.1 The Employee hereby covenants and agrees that he shall not at any time or in
any  manner,  both  during  and for one (1) year after the  termination  of this
Agreement,  either  directly  or  indirectly,  disclose  to  any  Person,  firm,
partnership,  entity or corporation, any material,  documentation or information
whatsoever which in any manner concerns, affects or relates to the interests and
business  of the  Corporation  or its  wholly-owned  subsidiaries,  unless  such
disclosure  is in the best  interests  of the  Corporation  and  approved by the
Board. The Employee  acknowledges that the  confidentiality of the Corporation's
business interests is of primary importance to the Corporation and that any such
prohibited  disclosure  thereof is capable of having a material  adverse  effect
upon the financial  interests,  opportunities  and properties of the Corporation
and its wholly-owned subsidia.

                             ARTICLE 5: TERMINATION

5.1 Any party may  terminate  this  Agreement  without  liability or other cause
forthwith by giving notice in writing. The Employee and the Corporation mutually
covenant and agree that a period of 30 days' prior notice of such termination is
fair  and   reasonable   notice  of  such   termination   to  the  Employee  or,
alternatively,  payment by the Corporation for such Services  performed normally
during such 30 days in lieu of such notice,  and upon the  expiration  of the 30
days from the giving of such notice or alternatively from the date of payment of
monies by the Corporation in lieu of such notice, this Agreement shall terminate
and the  Employee  shall not be entitled to receive any  payment,  in respect to
termination  notice or  otherwise,  over and above the  payment  payable  by the
Corporation to the date of termination of this Agreement.

5.2 Employee's  employment  with Employer shall be terminated (i) upon the death
of Employee,  (ii) upon Employee's  permanent disability  (permanent  disability
being defined as Employee's  physical or mental  incapacity to perform his usual
duties as an employee  with such  condition  likely to remain  continuously  and
permanently); provided, however, that in such event, Employee's employment shall
be continued  hereunder  for a period of not less than one year from the date of
such disability, but not beyond the end of the Term, with Employee's base salary
during such period to be reduced by any Employer-financed disability benefits.

5.3  If   Employee's   employment  is  terminated  by  reason  of  a  "Voluntary
Termination"  (as  hereinafter  defined),  the  death  of  Employee,   permanent
disability  of  Employee  (as  defined in Section  3.1) or by the  Employer  for
"Cause",  the Employee,  or his estate in the case of Employee's death, shall be
entitled  to one (1) years base  salary  from the date of such  termination  and
shall be entitled to any individual bonuses or individual incentive compensation
not yet paid but due under  Employer's  plans but shall not be  entitled  to any
other payments by or on behalf of Employer except for those which may be payable
pursuant  to the terms of  Employer's  employee  benefit  plans (as  hereinafter
defined). A "Voluntary  Termination" of the employment  relationship by Employee
prior to expiration of the Term shall be a termination of employment in the sole
discretion of and at the election of Employee,  other than (i) a termination  of
Employee's  employment  because of a material breach by Employer of any material
provision  of this  Agreement  which  remains  uncorrected  for thirty (30) days
following  written  notice of such  breach by  Employee  to  Employer  or (ii) a
termination  of  Employee's  employment  within  six (6)  months  of a  material
reduction in Employees' rank or  responsibility  with Employer.  For purposes of
this,  the term "Cause"  shall mean any of (i)  Employee's  gross  negligence or
willful  misconduct in the  performance  of the duties and services  required of
Employee  pursuant to this  Agreement;  (ii)  Employee's  final  conviction of a
felony;  or (iii) Employee's  material breach of any material  provision of this
Agreement which remains uncorrected or thirty (30) days following written notice
to Employee by Employer of such breach.

                                       3
<PAGE>
                             ARTICLE 6: COMPETITION

6.1 During the Term, as well as for a period of one (1) year after the expiry or
termination of this Agreement, the Employee shall not:

     (a)  directly or indirectly solicit any customer of the Corporation;

     (b)  directly  or  indirectly  assist  (be  it as  principal,  beneficiary,
          servant, director,  shareholder,  partner, nominee, executor, trustee,
          agent, employee,  independent contractor,  supplier, employee, lender,
          financier or in any other capacity  whatever) any Person,  directly or
          indirectly, to solicit any customer of the Corporation; or

     (c)  have any direct or indirect  interest or concern (be it as  principal,
          beneficiary,   director,  shareholder,   partner,  nominee,  executor,
          trustee, agent, servant, employee,  employee,  independent contractor,
          supplier,  creditor or in any other capacity  whatever) in or with any
          Person if any of the activities of which Person consists of soliciting
          any customer of the Corporation,  if such  solicitation is directly or
          indirectly  intended  to result in a sale of any product or service to
          such  customer  of the  Corporation  and  is  directly  or  indirectly
          competitive  or  potentially  competitive  with any product or service
          then  sold  or  offered  by  the   Corporation  or  its   wholly-owned
          subsidiaries.

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

                                             DOMARK INTERNATIONAL INC.

                                             ----------------------------------
                                             Per: Name:
                                             Title:

----------------------------------           ----------------------------------
Witness                                      Andrew S. Ritchie

                                       4ex10-34.htm

Exhibit 10.34

 

January 27, 2012

AeroGrow International, Inc.

6075 Longbow Drive # 200

Boulder, CO  80301

 

	
Re:

	
Series A Convertible Preferred Stock

	
 

	
Certificate of Designations Modification

 

The undersigned is a beneficial owner of shares of the Series A Convertible Preferred Stock (“Series A Preferred”) of AeroGrow International, Inc., a Nevada corporation (the “Company”).  The relative rights, preferences, privileges and restrictions of the Series A Preferred are governed by the Certificate of Designations of Series A Convertible Preferred Stock as duly adopted by the Board of Directors and Shareholders of the Company on June 29, 2009, and as amended by Amendment No. 1 thereto as duly adopted by the Board of Directors and Series A Preferred Shareholders on March 3, 2010 (collectively the “Certificate of Designations”).

The Company has advised the undersigned that, subject to the consent of the affected parties and compliance with applicable legal requirements, it proposes to restructure the Company’s equity and debt as follows:

Subordinated Secured 8% Convertible Promissory Notes: (“Note Restructure”)

 

	
Outstanding principal balance:

	 	$	6,796,394.94	 
	
Accrued interest (as of 12/31/11):

	 	$	497,533.35	 
	
Total:

	 	$	7,293,928.29	 

 

Restructure:

	
·  

	
Reset conversion price from $0.10 per common share to $0.025 per common share (“Reset Note Conversion Price”), conditioned upon;

	
·  

	
noteholders agreeing to convert all outstanding and unpaid principal and accrued and unpaid interest into shares of common stock; and

	
·  

	
noteholders agreeing to defer the interest payment due January 31, 2012.

Series A Preferred Stock: (“Series A Preferred Restructure”)

7,526 shares issued and outstanding

Restructure:

	
·  

	
Reset conversion price from $0.18 per share to $0.09 per share (“Reset Series A Conversion Price”), conditioned upon;

	
·  

	
holders of Series A Preferred agreeing to convert all outstanding shares into shares of common stock;

	
·  

	
automatic conversion of warrants exercisable to purchase shares of Series A Preferred Stock (“Preferred Warrants”) into warrants exercisable to purchase shares of common stock (“Common Warrants”) (pursuant to Section 5.2 of Warrant Certificate); and

	
·  

	
action by the Company’s Board of Directors to (i) reduce the exercise price of the Common Warrants to $0.07 per share and (ii) declare a dividend on each outstanding Common Warrant consisting of an additional one-half Common Warrant (with the effect of increasing the number of Common Warrants by 50% post-dividend).

  

  

  

In order to facilitate the Note Restructure and Series A Preferred Restructure, the undersigned agrees, and hereby votes all shares of voting securities owned by the undersigned in favor of, the following:

	
1.  

	
The undersigned agrees to waive the full ratchet anti-dilution adjustment to the Series A Preferred conversion price that would result from the Reset Note Conversion Price.

	
2.  

	
The undersigned consents to the amendment of Section 4(c) of the Certificate of Designations to provide for a conversion price of $0.09 per share.

	
3.  

	
Subject to the conditions set forth below, the undersigned agrees to convert all shares of Series A Preferred into shares of common stock (the “Conversion Shares”) at a conversion price of $0.09 per share.

	
4.  

	
Subject to the conditions set forth below, the undersigned acknowledges that upon the conversion of all outstanding shares of Series A Preferred Stock into shares of common stock, all Preferred Warrants will automatically convert into Common Warrants by virtue of Section 5.2 of the Warrant Certificate.

	
5.  

	
The undersigned consents to the increase of the Company’s authorized capital shares to consist of 750,000,000 shares of common stock (the “Share Increase”).

	
6.  

	
The undersigned consents to the Company undertaking a reverse split of all outstanding securities by a factor of up to one-for-three hundred (1-for-300) (the “Reverse Split”), at the discretion of the Board of Directors, when and as determined by the Board of Directors.

The foregoing agreements are subject to and conditioned upon (i) the consent of the holders of the Subordinated Secured 8% Convertible Promissory Notes (the “Notes”) to the Note Restructure in sufficient number to result in all outstanding Notes participating in the Note Restructure under the terms of the Notes and related Collateral Agent Agreement; (ii) the consent of the holders of the Series A Preferred to the Series A Preferred Restructure in sufficient number to result in all outstanding shares of Series A Preferred participating in the Series A Preferred Restructure; (iii) action by the Company’s Board of Directors to reduce the exercise price of the Common Warrants to $0.07 per share; and (iv) action by the Company’s Board of Directors to declare a dividend on each outstanding Common Warrant consisting of an additional one-half Common Warrant.

In consideration of the foregoing agreements, the undersigned hereby releases, acquits and forever discharges the Company, together with its officers, directors, agents, representatives, attorneys, affiliates, both past and present, from any claim, demand, obligation or liability, known or unknown, direct or indirect, arising out of or in connection with the Note Restructure, Series A Restructure, Share Increase or Reverse Split, as well as any act or omission in connection therewith.

The undersigned has been provided with information and materials concerning the subject matter of the Note Restructure and Series A Restructure.  In addition, the undersigned has had access to the Company’s reports and information filed with the United States Securities and Exchange Commission (“SEC Documents”).  The information and materials provided by the Company and the SEC Documents are referred to herein as the “Documents.”  The undersigned has carefully reviewed and is familiar with all of the terms of the Documents.  The undersigned has been given access to full and complete information regarding the Company and has utilized such access to the undersigned’s satisfaction for the purpose of obtaining such information regarding the Company as the undersigned has reasonably requested; and, particularly, the undersigned has been given reasonable opportunity to ask questions of, and receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Conversion Shares and to obtain any additional information, to the extent reasonably available. The undersigned has relied on nothing other than the Documents (including any exhibits thereto) in deciding whether to participate in the Series A Preferred Restructure.  Except as set forth in the Documents, no representations or warranties have been made to the undersigned by the Company, any selling agent of the Company, or any agent, employee, or affiliate of the Company or such selling agent. The undersigned, in reaching a decision to participate in the Series A Preferred Restructure, has such knowledge and experience in financial and business matters that the undersigned is capable of reading and interpreting financial statements and evaluating the merits and risk of the agreements contained herein and has the net worth to undertake such risks.

Sincerely,

By: _______________________________

       (Signature)

By: _______________________________

       (Joint Signature)

Investor Name: ______________________

Date:  _____________________________

Number of shares of

Series A Preferred: __________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}]]