Document:

10.1  Employment  Agreement  with  Julian  James  Bristow

                              EMPLOYMENT AGREEMENT

THE  EMPLOYMENT AGREEMENT (the "Agreement") is made as of June 16th, 2006 by and
between  Island Residences Club, Inc a Delaware Corporation, ("Company"), Julian
James  Bristow,  an  individual  and  U.S.  resident,  "Executive").

                                    RECITAL

A.     The  Company  is  engaged  in  the  business  of developing, managing and
marketing  of  vacation  residences with affiliated vacation rights in different
locations  worldwide (the "Business") and has need for personnel with experience
in  the  management,  administration,  finance, operation and marketing of same.

B.     The  Executive  is  experienced  in  matters  involving  the development,
operation  and  marketing  of  projects  internationally.

C.     The  parties  are willing to enter into the Agreement with respect to the
Executive's  employment  and  services upon the terms and conditions hereinafter
set  forth.

                                    AGREEMENT

In  consideration  of  the foregoing recitals and the premises herein contained,
the  parties  agree  as  follows:

                                     I. TERM

Subject  to  the provisions of Section IV hereof, the Company hereby employs the
Executive and the Executive hereby accepts employment with the Company beginning
on  July  1st,  2006  ("Employment  Date") and it shall continue in effect for a
period  of  one  year.  Thereafter,  the  agreement shall be renewed upon mutual
agreement  of  the  Executive and the Company. The agreement and the Executive's
employment  may  be  terminated  at  the Company's discretion during the initial
term,  provided  that  the Company shall pay to the Executive an amount equal to
payment  at  the  Executive's  base  salary rate for six months.(The "Employment
Term").

                                   II. DUTIES

II.0  General  Duties

The Executive shall serve as Chief Operating Officer (COO) and Vice President of
Operations  of  Island  Residences  Club,  Inc  during  the  Employment  Term.

The  Executive,  during  the  Employment  Term,  subject  to  the  policies  and
directives  of the Board of Directors of Company ("Board"), shall be responsible
for  the  daily  operations  of  Island  Residences  Club,  Inc.

II.1  Devotion  of  Time  to  Company's  Business

The Executive agrees during the Employment Term, to devote his/her best efforts,
and  his/her  business  time,  to  his/her  employment  with the Company, and to
perform  such  duties  as  are  specified  in Section II.0 and such other duties
consistent  with Section II.0 as shall be reasonably requested by the Board. The
Executive shall not, during the Executive's employment, engage in any activities
that  are  detrimental  to  the  business  of  the  Company.

                         III. COMPENSATION AND BENEFITS

As  compensation for his/her services hereunder, during the Employment Term, the
Executive  shall,  apart  from  prior  authorized  claimable  expenses,  receive
compensation  and  benefits  payable  at  the  times  and  in  the  installments
consistent  with  Company's  practices. The total Compensation & Benefits is Two
Thousand dollars ($2,000.00) per month for a total during the Employment Term of
Twenty Four Thousand dollars ($24,000.00). The Company reserves the right to pay
in cash or stock for such compensation and benefits. If in Stock, selling of the
Stock  shall  be  limited  to  provisions  of  a  mutually  acceptable agreement
Between  the  Executive  and  the  Board  or shall be redeemed by the company in
certain  circumstances.

                                 IV. TERMINATION

IV.0  Termination  for  Cause

The  Company  may  terminate the Executive's employment under the Agreement, for
"cause, due to any of the following acts or omission: (a) The Executive's breach
of  any  statutory  or  common  law  fiduciary  duty  of loyalty to the Company;

(b)  The  Executive's  indictment  for  any  felony, or for any crime or offense
causing  harm  to  the  Company  r  any  of its affiliates, or involving acts of
theft,  fraud,  misappropriation  of  funds,  embezzlement,  moral  turpitude or
similar  conduct;

(c)  Any  proven illegal act which materially and adversely affects the business
of  the  Company  or  any  of  its  affiliates;  or

(d)  The  Executive's  breach  of  any  material  provision  or  covenant of the
Agreement,  or  of  any  other  agreements  entered  into in connection with the
Agreement.  If  the  Company  terminates the Agreement for cause pursuant to the
Section  II.1,  the Company shall have no further obligation or liability to the
Executive.

IV.2  Termination  for  Death  or  Disability

The  Agreement  and  the  Executive's  employment  hereunder  shall  terminate
automatically upon (1) the Executive's death or (2) the date of determination by
the  Board  that  the  Executive  has  a  disability.

As  used  herein,  "disability"  shall  mean  any  condition that qualifies as a
disability under Company's long-term disability plan as in effect on the date of
determination  or  which  renders  the  Executive  incapable  of  performing
substantially  all  of  the  Executive's  managerial  and the Executive services
hereunder  for ninety (90) days or more in the aggregate during any one (1) year
period,  and  which  at  any  time  after  such ninety (90) days the Board shall
determine  continues  to  render  the  Executive  incapable  of  performing  the
Executive's managerial and the Executive services hereunder. If the Agreement is
terminated  because  of  the  Executive's  death  or  disability pursuant to the
Section  IV.0,  the Company shall have no further obligation or liability to the
Executive.

IV.3  No  Additional  Payments

Upon  termination  of  the Executive's employment hereunder, the Executive shall
not be entitled to any severance payments or severance benefits from the Company
or any payments by the Company on account of any claim for wrongful termination,
including  but not limited to claims under any federal, state or local human and
civil  rights  or  labor  laws, excepts for any benefits which may be due to the
Executive  in  the  normal course under any Executive benefit plan or program of
the  Company  which  provides  for benefits after termination of employment. The
Executive's  right  to  receive  payments  or  benefits under the Agreement upon
termination  of employment will cease if the Executive breaches any provision of
Section  V  below.

                            V. RESTRICTIVE COVENANTS

V.1  Confidential  and  Proprietary  Information

As  an  Executive  of  the  Company,  the Executive shall have access to certain
Confidential  and  Proprietary  Information  (as  defined  below) concerning the
Company and its Affiliates (as defined below). The Executive agrees that he will
not,  either  directly  or  indirectly, disclose to any person or use any of the
Confidential  and  Proprietary Information in any way during the Employment Term
(except  as  required  in the course of the performance of his/her duties to the
Company)  or  after  the  expiration of the Employment Term. For purposes of the
agreement, "Confidential and Proprietary Information" means any of the following
information  relating to the business of the Company that is not generally known
to  competitors,  suppliers  and  customers  of  the  Company:

 (i)  any  business  or  technical  information,  design,  process,  procedure,
formula,  improvement, or any portion or phase thereof, that is owned by or has,
at  the  time  of  determination,  been  used  by  the  Company;

 (ii)  any  information  related  to  the  development  of products and systems;

 (iii)  any  information  concerning  proposed  new  products  and  systems;

(iv)  any  information  concerning  customer/member  lists  and  other
customer/member  information,  vendor  lists  and  information, price data, cost
data,  profit plans, capital plans and proposed or existing marketing techniques
or  plans;  and

 (v)  any  other  information  which would constitute a "Trade Secret" under the
Uniform  Trade  Secrets  Act.

For  purposes  of  the  Agreement,  "Affiliate"  means any corporation, company,
partnership,  joint  venture,  firm  and/or  other  entity  which  controls,  is
controlled  by  or is under common control with the person with respect to which
the  term  "Affiliated"  is  used.

For  purposes  of  the  Agreement,  "Person"  means an individual,  corporation,
partnership,  limited  liability company, trust or unincorporated  organization,
or a government or any agency or  political subdivision thereof. "Control" means

 (a)  in  the  case  of  corporate entities, direct or indirect ownership  of at
least fifty percent (50%) or the stock or participating  shares entitled to vote
for  the  election  of  directors;  and

 (b) in the case of non-corporate entities such as limited liability  companies,
partnerships  or  limited  partnerships,  either

 (c)  direct or indirect ownership of at least fifty percent (50%) of the equity
interest,  or

 (d)  the  power  to  direct  the  management and policies of the non  corporate
entity.

V.2  Inventions  and  Improvements

The  Executive  agrees  that  he/she will assign to the Company, without further
consideration,  the  exclusive  rights and title to all inventions, discoveries,
ideas,  improvement,  and  other  intellectual  property made or acquired by the
Executive  during the Employment Term, whether alone or jointly with others. The
Executive  further  agrees to execute any and all documents that are required in
order  to  transfer  or  assign  such  property  rights  to  the  Company.

V.3  Equitable  Relief

The  Executive  acknowledges  and agrees that his/her services are of a special,
unique  and  extraordinary  value  to  the  Company  and its Affiliates and that
damages  alone  may  be  an  inadequate  remedy for any breach of the Agreement.
Accordingly,  in  the  event  of  the  breach  by  the  Executive  of any of the
provisions  of  the Agreement, the Company may, in addition and supplementary to
other  rights  and  remedies existing in its favor, apply to any court of law or
equity  of  competent jurisdiction for specific performance and/or injunctive or
other  relief  in order to enforce, or prevent any violations of, the provisions
of  the  Agreement.

                                  MISCELLANEOUS

VI.1  Severability

Every  provision  of  the  Agreement is intended to be severable. If any term or
provision  hereof is declared by a court of competent jurisdiction to be illegal
or  invalid,  such  illegal  or  invalid  term or provision shall not affect the
balance  of  the  terms  and provisions hereof, which terms and provisions shall
remain  binding  and  enforceable.

VI.2  Notice

Any  notice  or communication required to be given hereunder may be delivered by
hand,  deposited  with  an  overnight  courier,  sent by confirmed facsimile, or
mailed  by registered or certified mail, if to Company, to Graham James Bristow,
President  and  if  to  the  Executive,  to  his  office.

Notice  shall  be  deemed  received  on  the  date  sent if sent by facsimile or
personal  delivery;  three  days  after  the  date sent if sent by registered or
certified  mail;  and  one  day  after  the  day it is sent if sent by overnight
courier.

VI.3  Entire  Agreement

The  Agreement shall be governed by and construed in accordance with the laws of
the  State  of  Delaware.

VI.4  Arbitration

If  a  dispute  arises  relating to the terms and provisions of the Agreement or
involves  any claim for breach of any contract or covenant (express or implied),
tort claims, claims for discrimination (including, but not limited to race, sex,
religion,  national  origin, age or handicap), claims for compensation or claims
for  violations  of  any  federal,  state,  foreign  or  other governmental law,
statute,  regulation  or  ordinance,  then either party may initiate arbitration
proceedings in accordance with the Rules of the American Arbitration Association
("AAA").  Both  parties  hereby consent to such arbitration, and any arbitration
award  shall be final and binding. Neither party shall disclose the existence of
any  dispute  or the terms of any arbitration decision to any third party, other
than  their legal counsel, accountants, and financial advisors or as required by
law.

VI.5  Representation  by  Counsel

THE  EXECUTIVE ACKNOWLEDGES THAT HE/SHE HAS BEEN REPRESENTED BY LEGAL COUNSEL IN
CONNECTION  WITH  THE  AGREEMENT  AND  AS  CONSULTED  WITH  SUCH  LEGAL COUNSEL.

VI.6  Counterparts

The  Agreement may be executed in counterparts, all of which taken together will
constitute  one  instrument.

VI.7  Waiver

Either  party's  failure to enforce any provision or provisions of the Agreement
shall  not  in  any  way  be  construed  as  a  waiver  of any such provision or
provisions,  nor  prevent  that  party  thereafter from enforcing each and every
other  provision  of  the  Agreement. The rights granted both parties herein are
cumulative  and  shall not constitute a waiver of either party's right to assert
all  other  legal  remedies  available  to  it  under  the  circumstances.

VI.8  Binding  Effect

Except  as  otherwise  provided in the Agreement, the Agreement shall be binding
upon  and  inure  to  the  benefit  of  the  parties hereto and their respective
successors,  heirs,  and  assigns.

The Executive shall not assign, convey, or otherwise transfer, voluntarily or by
operation  of law, to any person or entity, the Agreement or any interest herein
without  the  prior written consent of the Company. Any attempt to do so without
such  consent  shall  be  null  and  void.

IN  WITNESS  WHEREOF,  the parties hereto have duly executed the Agreement as of
the  date  first  above  written.

                          ISLAND RESIDENCES CLUB, INC

By:  /s/John  R.  Kennerley
     ------------------
     John  R.  Kennerley,  Director

                                 THE EXECUTIVE

By:  /s/  Julian  James  Bristow
     -------------------
     Julian  James  Bristow10.2  Employment  Agreement  with  Bettina  Pfeiffer

                              EMPLOYMENT AGREEMENT

THE  EMPLOYMENT AGREEMENT (the "Agreement") is made as of June 16th, 2006 by and
between Island Residences Club, Inc a Delaware Corporation, ("Company"), Bettina
Pfeiffer,  an  individual  and  U.S.  resident,  "Executive").

                                    RECITAL

A.     The  Company  is  engaged  in  the  business  of developing, managing and
marketing  of  vacation  residences with affiliated vacation rights in different
locations  worldwide (the "Business") and has need for personnel with experience
in  the  management,  administration,  finance, operation and marketing of same.

B.     The  Executive  is  experienced  in  matters  involving the operation and
marketing  of  projects  in  the  U.S.

C.     The  parties  are willing to enter into the Agreement with respect to the
Executive's  employment  and  services upon the terms and conditions hereinafter
set  forth.

                                    AGREEMENT

In  consideration  of  the foregoing recitals and the premises herein contained,
the  parties  agree  as  follows:

                                     I. TERM

Subject  to  the provisions of Section IV hereof, the Company hereby employs the
Executive and the Executive hereby accepts employment with the Company beginning
on  July  1st,  2006  ("Employment  Date") and it shall continue in effect for a
period  of  one  year.  Thereafter,  the  agreement shall be renewed upon mutual
agreement  of  the  Executive and the Company. The agreement and the Executive's
employment  may  be  terminated  at  the Company's discretion during the initial
term,  provided  that  the Company shall pay to the Executive an amount equal to
payment  at  the  Executive's  base  salary rate for six months.(The "Employment
Term").

                                   II. DUTIES

II.0  General  Duties

The  Executive  shall  serve as Vice President of Marketing of Island Residences
Club,  Inc  during  the  Employment  Term.

The  Executive,  during  the  Employment  Term,  subject  to  the  policies  and
directives  of the Board of Directors of Company ("Board"), shall be responsible
for  the  daily  operations  of  Island  Residences  Club,  Inc.

II.1  Devotion  of  Time  to  Company's  Business

The Executive agrees during the Employment Term, to devote his/her best efforts,
and  his/her  business  time,  to  his/her  employment  with the Company, and to
perform  such  duties  as  are  specified  in Section II.0 and such other duties
consistent  with Section II.0 as shall be reasonably requested by the Board. The
Executive shall not, during the Executive's employment, engage in any activities
that  are  detrimental  to  the  business  of  the  Company.

                         III. COMPENSATION AND BENEFITS

As  compensation for his/her services hereunder, during the Employment Term, the
Executive  shall,  apart  from  prior  authorized  claimable  expenses,  receive
compensation  and  benefits  payable  at  the  times  and  in  the  installments
consistent  with  Company's  practices. The total Compensation & Benefits is Two
Thousand dollars ($2,000.00) per month for a total during the Employment Term of
Twenty Four Thousand dollars ($24,000.00). The Company reserves the right to pay
in cash or stock for such compensation and benefits. If in Stock, selling of the
Stock  shall  be  limited  to  provisions  of  a  mutually  acceptable agreement
Between  the  Executive  and  the  Board  or shall be redeemed by the company in
certain  circumstances.

                                 IV. TERMINATION

IV.0  Termination  for  Cause

The  Company  may  terminate the Executive's employment under the Agreement, for
"cause, due to any of the following acts or omission: (a) The Executive's breach
of  any  statutory  or  common  law  fiduciary  duty  of loyalty to the Company;

(b)  The  Executive's  indictment  for  any  felony, or for any crime or offense
causing  harm  to  the  Company  r  any  of its affiliates, or involving acts of
theft,  fraud,  misappropriation  of  funds,  embezzlement,  moral  turpitude or
similar  conduct;

(c)  Any  proven illegal act which materially and adversely affects the business
of  the  Company  or  any  of  its  affiliates;  or

(d)  The  Executive's  breach  of  any  material  provision  or  covenant of the
Agreement,  or  of  any  other  agreements  entered  into in connection with the
Agreement.  If  the  Company  terminates the Agreement for cause pursuant to the
Section  II.1,  the Company shall have no further obligation or liability to the
Executive.

IV.2  Termination  for  Death  or  Disability

The  Agreement  and  the  Executive's  employment  hereunder  shall  terminate
automatically upon (1) the Executive's death or (2) the date of determination by
the  Board  that  the  Executive  has  a  disability.

As  used  herein,  "disability"  shall  mean  any  condition that qualifies as a
disability under Company's long-term disability plan as in effect on the date of
determination  or  which  renders  the  Executive  incapable  of  performing
substantially  all  of  the  Executive's  managerial  and the Executive services
hereunder  for ninety (90) days or more in the aggregate during any one (1) year
period,  and  which  at  any  time  after  such ninety (90) days the Board shall
determine  continues  to  render  the  Executive  incapable  of  performing  the
Executive's managerial and the Executive services hereunder. If the Agreement is
terminated  because  of  the  Executive's  death  or  disability pursuant to the
Section  IV.0,  the Company shall have no further obligation or liability to the
Executive.

IV.3  No  Additional  Payments

Upon  termination  of  the Executive's employment hereunder, the Executive shall
not be entitled to any severance payments or severance benefits from the Company
or any payments by the Company on account of any claim for wrongful termination,
including  but not limited to claims under any federal, state or local human and
civil  rights  or  labor  laws, excepts for any benefits which may be due to the
Executive  in  the  normal course under any Executive benefit plan or program of
the  Company  which  provides  for benefits after termination of employment. The
Executive's  right  to  receive  payments  or  benefits under the Agreement upon
termination  of employment will cease if the Executive breaches any provision of
Section  V  below.

                            V. RESTRICTIVE COVENANTS

V.1  Confidential  and  Proprietary  Information

As  an  Executive  of  the  Company,  the Executive shall have access to certain
Confidential  and  Proprietary  Information  (as  defined  below) concerning the
Company and its Affiliates (as defined below). The Executive agrees that he will
not,  either  directly  or  indirectly, disclose to any person or use any of the
Confidential  and  Proprietary Information in any way during the Employment Term
(except  as  required  in the course of the performance of his/her duties to the
Company)  or  after  the  expiration of the Employment Term. For purposes of the
agreement, "Confidential and Proprietary Information" means any of the following
information  relating to the business of the Company that is not generally known
to  competitors,  suppliers  and  customers  of  the  Company:

 (i)  any  business  or  technical  information,  design,  process,  procedure,
formula,  improvement, or any portion or phase thereof, that is owned by or has,
at  the  time  of  determination,  been  used  by  the  Company;

 (ii)  any  information  related  to  the  development  of products and systems;

 (iii)  any  information  concerning  proposed  new  products  and  systems;

 (iv)  any  information  concerning  customer/member  lists  and  other
customer/member  information,  vendor  lists  and  information, price data, cost
data,  profit plans, capital plans and proposed or existing marketing techniques
or  plans;  and

 (v)  any  other  information  which would constitute a "Trade Secret" under the
Uniform  Trade  Secrets  Act.

For  purposes  of  the  Agreement,  "Affiliate"  means any corporation, company,
partnership,  joint  venture,  firm  and/or  other  entity  which  controls,  is
controlled  by  or is under common control with the person with respect to which
the  term  "Affiliated"  is  used.

For  purposes  of  the  Agreement,  "Person"  means an individual,  corporation,
partnership,  limited  liability company, trust or unincorporated  organization,
or a government or any agency or  political subdivision thereof. "Control" means

 (a)  in  the  case  of  corporate entities, direct or indirect ownership  of at
least fifty percent (50%) or the stock or participating  shares entitled to vote
for  the  election  of  directors;  and

 (b) in the case of non-corporate entities such as limited liability  companies,
partnerships  or  limited  partnerships,  either

 (c)  direct or indirect ownership of at least fifty percent (50%) of the equity
interest,  or

 (d)  the  power  to  direct  the  management and policies of the non  corporate
entity.

V.2  Inventions  and  Improvements

The  Executive  agrees  that  he/she will assign to the Company, without further
consideration,  the  exclusive  rights and title to all inventions, discoveries,
ideas,  improvement,  and  other  intellectual  property made or acquired by the
Executive  during the Employment Term, whether alone or jointly with others. The
Executive  further  agrees to execute any and all documents that are required in
order  to  transfer  or  assign  such  property  rights  to  the  Company.

V.3  Equitable  Relief

The  Executive  acknowledges  and agrees that his/her services are of a special,
unique  and  extraordinary  value  to  the  Company  and its Affiliates and that
damages  alone  may  be  an  inadequate  remedy for any breach of the Agreement.
Accordingly,  in  the  event  of  the  breach  by  the  Executive  of any of the
provisions  of  the Agreement, the Company may, in addition and supplementary to
other  rights  and  remedies existing in its favor, apply to any court of law or
equity  of  competent jurisdiction for specific performance and/or injunctive or
other  relief  in order to enforce, or prevent any violations of, the provisions
of  the  Agreement.

                                  MISCELLANEOUS

VI.1  Severability

Every  provision  of  the  Agreement is intended to be severable. If any term or
provision  hereof is declared by a court of competent jurisdiction to be illegal
or  invalid,  such  illegal  or  invalid  term or provision shall not affect the
balance  of  the  terms  and provisions hereof, which terms and provisions shall
remain  binding  and  enforceable.

VI.2  Notice

Any  notice  or communication required to be given hereunder may be delivered by
hand,  deposited  with  an  overnight  courier,  sent by confirmed facsimile, or
mailed  by registered or certified mail, if to Company, to Graham James Bristow,
President  and  if  to  the  Executive,  to  his  office.

Notice  shall  be  deemed  received  on  the  date  sent if sent by facsimile or
personal  delivery;  three  days  after  the  date sent if sent by registered or
certified  mail;  and  one  day  after  the  day it is sent if sent by overnight
courier.

VI.3  Entire  Agreement

The  Agreement shall be governed by and construed in accordance with the laws of
the  State  of  Delaware.

VI.4  Arbitration

If  a  dispute  arises  relating to the terms and provisions of the Agreement or
involves  any claim for breach of any contract or covenant (express or implied),
tort claims, claims for discrimination (including, but not limited to race, sex,
religion,  national  origin, age or handicap), claims for compensation or claims
for  violations  of  any  federal,  state,  foreign  or  other governmental law,
statute,  regulation  or  ordinance,  then either party may initiate arbitration
proceedings in accordance with the Rules of the American Arbitration Association
("AAA").  Both  parties  hereby consent to such arbitration, and any arbitration
award  shall be final and binding. Neither party shall disclose the existence of
any  dispute  or the terms of any arbitration decision to any third party, other
than  their legal counsel, accountants, and financial advisors or as required by
law.

VI.5  Representation  by  Counsel

THE  EXECUTIVE ACKNOWLEDGES THAT HE/SHE HAS BEEN REPRESENTED BY LEGAL COUNSEL IN
CONNECTION  WITH  THE  AGREEMENT  AND  AS  CONSULTED  WITH  SUCH  LEGAL COUNSEL.

VI.6  Counterparts

The  Agreement may be executed in counterparts, all of which taken together will
constitute  one  instrument.

VI.7  Waiver

Either  party's  failure to enforce any provision or provisions of the Agreement
shall  not  in  any  way  be  construed  as  a  waiver  of any such provision or
provisions,  nor  prevent  that  party  thereafter from enforcing each and every
other  provision  of  the  Agreement. The rights granted both parties herein are
cumulative  and  shall not constitute a waiver of either party's right to assert
all  other  legal  remedies  available  to  it  under  the  circumstances.

VI.8  Binding  Effect

Except  as  otherwise  provided in the Agreement, the Agreement shall be binding
upon  and  inure  to  the  benefit  of  the  parties hereto and their respective
successors,  heirs,  and  assigns.

The Executive shall not assign, convey, or otherwise transfer, voluntarily or by
operation  of law, to any person or entity, the Agreement or any interest herein
without  the  prior written consent of the Company. Any attempt to do so without
such  consent  shall  be  null  and  void.

IN  WITNESS  WHEREOF,  the parties hereto have duly executed the Agreement as of
the  date  first  above  written.

                          ISLAND RESIDENCES CLUB, INC

By:  /s/  John  R.  Kennerley
     ------------------
     John  R.  Kennerley,  Director

                                 THE EXECUTIVE

By:  /s/  Bettina  Pfeiffer
     -------------------
     Bettina  Pfeiffer

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