Document:

Auto Tool Technologies Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

SHARE PURCHASE AGREEMENT 

THIS AGREEMENT dated December 30, 2011 is among: 

  
    
      
        ROSSLAND ASSET MANAGEMENT LTD., an Ontario corporation,
          having its registered and records office at 200- 252 Pall Mall Street,
          London, Ontario, N6A 5P6 

        ("Seller") 

      

    

  

AND 

  
    
      
        AUTO TOOL TECHNOLOGIES INC., a Nevada corporation
          having its resident agent office at 1000 East William Street, Suite
          204, Carson City, Nevada, 89701 

        ("Buyer") 

      

    

  

AND 

  
    
      
        DSL PRODUCTS LIMITED, an Ontario corporation
          having its registered and records office at 200- 252 Pall Mall Street,
          London, Ontario, N6A 5P6 

        (the "Target") 

      

    

  

BACKGROUND 

	A. 	
      The Target carries on the business of the distribution
      and sale of hand held tools.

	 	 
	B. 	
      The Seller owns and controls 100% of the outstanding
      securities of the Target.

	 	 
	B. 	
      The Seller has agreed to sell, and the Buyer has agreed
      to buy, the business of the Target by the purchase of a 100% of the
      outstanding securities of the Target.

AGREEMENTS 

    
        For good and valuable
consideration, the receipt and sufficiency of which each party acknowledges the
parties agree as follows: 

PART 1 

INTERPRETATION 

1.1        Defined
Terms. In this Agreement: 

	 	a) 	
      "Accounts Receivable" means any account receivable of the
      Business payable to the Target on the day immediately preceding the day of
      the Closing Time;

	 	 	 
	 	b) 	
      "Affiliate", concerning any Party, means a corporation
      which Controls, is Controlled by, or is under common Control with, that
      Party;

	 	 	 
	 	c) 	
      "Agreement", "this Agreement", and "the Agreement" refer
      to this agreement as it may be amended or supplemented from time to
      time;

	 	 	 
	 	d) 	
      "Assets" means all the assets, property, and undertaking,
      other than Excluded Assets, owned and used by the Target, or held by it
      for use in, the Business, including but not limited to those shown in the
      balance sheet comprised in the Books and Records, and the
  following:

	 	i) 	
      the right, title, and interest of the Target in the
      Leases, the Leased Premises, and any Leasehold Improvements,

	 	ii) 	
      the Accounts Receivable,

	 	iii) 	
      the Inventory,

	 	iv) 	
      the Equipment,

	 	v) 	
      the Intellectual Property,

	 	vi) 	
      the Goodwill of the Business,

	 	vii) 	
      the interest of the Target in the Material
    Contracts,

	 	viii) 	
      the interest of the Target in the Assumed
      Indebtedness,

	 	ix) 	
      the Prepaids,

	 	x) 	
      the interest of the Target in the Licences, and

	 	xi) 	
      the interest of the Target in the Equipment
  Leases;

	 	xiii) 	
      any cash, bank balance, money in possession of any bank
      or other depository, term deposit, and similar cash property, owned by the
      Seller at the Closing Time;

	 	 	 
	 	(xiiii)	
      the corporate records of the
  Target;

	 	(xv) 	
      any non-transferable licence, permit, or approval, of any
      governmental authority relating to the Business;

	 	 	 
	 	(xvi) 	
      the interest of the Target in the Insurance
    Policies.

	 	e) 	
      "Assumed Indebtedness" means the indebtedness of the
      Target described in Schedule 5;

	 	 	 
	 	f) 	
      "Books and Records" means the books and records of the
      Target as described in paragraph 7.1(e);

	 	 	 
	 	g) 	
      "Business" means the business carried on by the Seller
      and based in Ontario, Canada;

	 	 	 
	 	h) 	
      "Business Day" means any day from Monday to Friday,
      inclusive, except for any day that is a statutory holiday in
    Ontario;

	 	 	 
	 	i) 	
      "Closing Time" means the time set out for closing
      described in paragraph 12.1;

	 	 	 
	 	j) 	
      "Control" includes, without limitation, directly or
      indirectly owning shares having more than 50% of the votes entitled to be
      cast to elect the directors of a corporation and "Controlled" includes,
      without limitation, a corporation which is under Control;

	 	 	 
	 	k) 	
      "Environmental, Health and Consumer Protection Laws"
      means any applicable federal, state, provincial, municipal or local laws,
      regulations, orders, governmental decrees or ordinances concerning
      environmental, consumer protection, health, or safety matters;

	 	 	 
	 	l) 	
      "Equipment" means all tangible personal property used in
      connection with the Business, including that described in Schedule 2, but
      excluding the tangible personal property leased under the Equipment
      Lease;

	 	 	 
	 	m) 	
      "Equipment Leases" means the leases of personal property
      described in Schedule 8;

	 	 	 
	 	n) 	
      "Excluded Assets" means: None

	 	 	 
	 	o) 	
      "Generally Accepted Accounting Principles" means
      accounting principles consistently applied and generally accepted in the
      United States, and recommended in the handbook of the Institute of
      Certified Public Accountants, as those principles may be amended from time
      to time;

	 	 	 
	 	p) 	
      "Goodwill" means every advantage and benefit connected
      with the Business and the reputation of the Business, and includes the
      exclusive right of the Buyer to represent itself as carrying on the
      Business in succession to the Seller, and all right, title, and interest
      of the Target in the name DSL (and associated names and marks), and any records and
      information relating to suppliers, customers, contractor and employees of
  the Business;

	 	q) 	
      "Hazardous Substance" means any pollutant, contaminant,
      waste, special or hazardous waste, toxic or hazardous substance or
      material which, when released into the natural environment is likely to
      cause harm or risk to the natural environment or to human or animal
      health, including without limitation, any substance considered hazardous
      under Environmental Laws, Health and Consumer Protection Laws;

	 	 	 
	 	r) 	
      "Intellectual Property" means all the right, title and
      interest of the Target in all registered and unregistered trademarks,
      trade or brand names, copyrights, patents, applications and licenses for
      any of the foregoing, computer software and other data processing
      material, designs, inventions, trade secrets, formulae, processes,
      procedures, research, market information, franchises, and other rights
      used in connection with the Business, including the intellectual property
      described in Schedule 7;

	 	 	 
	 	s) 	
      "Inventory" means any inventory of raw material, work in
      progress, stock in trade, finished goods, supplies, packaging and
      advertising and publicity materials, pertaining to the Business wherever
      located, and whether on consignment or not;

	 	 	 
	 	t) 	
      "Leasehold Improvements" means the leasehold improvements
      located on the Leased Premises;

	 	 	 
	 	u) 	
      "Leases" means the leases or agreements in the nature of
      a lease, of real property, to which the Target is a party, whether as
      landlord or tenant, which relate to the Business, including the leases
      listed in Schedule 3 and the lease of the Leased Premises;

	 	 	 
	 	v) 	
      "Licences" means any licence, permit, or other operating
      authority, relating to the Business issued by any governmental authority,
      and which is transferable including those listed in Schedule 11;

	 	 	 
	 	w) 	
      "Material Contracts" means the contracts, and agreements,
      relating to the Business described in Schedule 4, and includes any other
      agreement entered into by the Target in the ordinary course of business
      between the date of this Agreement and the Closing Time, which is
      consented to in writing by the Buyer. Material Contracts shall include,
      without limitation, all manufacturing, supply, sales, distribution,
      employment, and consulting agreements related to the Business.

	 	 	 
	 	x) 	
      "Material Damage" means any damage to, or destruction of,
      any of the Assets that cannot be repaired, or restored, in the opinion of
      the Buyer acting reasonably, within 60 days after the occurrence of that
      damage or destruction;

	 	y) 	
      "Part", "paragraph", and "Schedule" followed by a number
      or letter refer to the specified Part, paragraph, or Schedule of this
      Agreement;

	 	 	 
	 	z) 	
      "Parties" means the Seller, the Buyer, and the Target,
      and their respective successors and assigns, and "Party" means any one of
      the Parties;

	 	 	 
	 	aa) 	
      "Permitted Encumbrances" means any of the encumbrances
      listed in Schedule 9;

	 	 	 
	 	bb) 	
      "Person" means an individual, a corporation, a society, a
      partnership, a government or any government department or agency, a
      trustee, any unincorporated organization, and includes the heirs and legal
      representatives of an individual;

	 	 	 
	 	cc) 	
      "Period" means the period described in paragraph
      14.2(b);

	 	 	 
	 	dd) 	
      "Prepaids" means any deposit or prepaid expense relating
      to the Business, to the extent they are transferrable;

	 	 	 
	 	ee) 	
      "Prime Rate" means, for any day, the rate of interest
      expressed as a rate per annum that the Royal Bank of Canada declares, at
      its head office in Toronto as a reference rate of interest that it will
      charge on that day for Canadian dollar loans to its corporate customers in
      Canada, and which it refers to at present as its Prime Rate;

	 	 	 
	 	ff) 	
      "Purchase Price" means the purchase price set out in
      paragraph 2.2;

	 	 	 
	 	gg) 	
      "Related Person" concerning any Party
  means:

	 	i) 	
      a relative of that Party, or relative of a spouse of that
      Party,

	 	ii) 	
      any Affiliate of that Party,

	 	iii) 	
      any partnership in which that Party is a
  partner,

	 	iv) 	
      any firm, association, syndicate or other business
      enterprise in which the Party or a spouse of the Party is a principal,
      agent, shareholder, officer, employee or in any other manner engaged by or
      concerned with,

	 	v) 	
      any trust or estate in which that Party has any
      beneficial interest, and

	 	vi) 	
      any spouse of a Party;

	 	hh) 	
      "Restricted Period" means the period described in
      paragraph 15.1.

	 	 	 
	 	kk) 	
      "Insurance Policies" means all policies of insurance
      maintained by the Target, whether in relation to the Business or
      otherwise, described in Schedule 10, hereto.

	1.2 	Schedules. The following attached Schedules form
      part of this Agreement:

Schedule 1   Description of
  Land 

  Schedule 2    List of
Equipment 

Schedule 3    Description of Leases 
Schedule
4    List of Material Contracts 
Schedule 5   
Description of Assumed Indebtedness 
Schedule 6   
Intentionally Deleted
Schedule 7    Description of
Intellectual Property 
Schedule 8    Equipment Leases

Schedule 9    Permitted Encumbrances 
Schedule 10 
Schedule of Insurance 

  Schedule 11  Licences 

PART 2 

AGREEMENT TO SELL AND CONSIDERATION 

2.1        Agreement to
Sell. The Seller will sell, and the Buyer will buy, 100% of the issued and
outstanding shares in the capital stock of the Target (the "Target
Shares") on the terms set out in this Agreement. 

2.2        Purchase
Price. Subject to adjustment as provided in Part 13, the Purchase Price will
be 30,000,000 restricted shares of common stock of the Buyer (the
"Consideration Shares"). 

2.3        Allocation
of Purchase Price. The Purchase Price will be allocated as follows: 

	 	a) 	
      100% to the Value of the Target
Shares.

2.4        the
Consideration Shares. In regards to the Consideration Shares, the Seller
represents, warrants, acknowledges and agrees that: 

	 	a) 	
      the Seller is not acquiring the Consideration Shares for
      the account or benefit of, directly or indirectly, any U.S.
  Person;

	 	 	 
	 	b) 	
      the Seller is not a U.S. Person;

	 	 	 
	 	c) 	
      the Seller is resident in the jurisdiction set out on the
      signature page of this Agreement;

	 	 	 
	 	d) 	
      the sale of the Consideration Shares to the Seller as
      contemplated in the Agreement complies with or is exempt from the
      applicable Consideration Shares legislation of the jurisdiction of
      residence of the Seller;

	 	 	 
	 	e) 	
      the Seller is acquiring the Consideration Shares for
      investment only and not with a view to resale or distribution and, in
      particular, it has no intention to distribute either directly or
      indirectly any of the Units in the United States or to U.S.
  Persons;

	 	 	 
	 	f) 	
      the Seller is outside the United States when receiving
      and executing this Agreement and is acquiring the Consideration Shares as
      principal for the Seller's own account, for investment purposes only, and
      not with a view to, or for, resale, distribution or fractionalisation
      thereof, in whole or in part, and no other person has a direct or indirect
  beneficial interest in such Consideration Shares; and

	 	g) 	
      the Seller is not an underwriter of, or dealer in, the
      common shares of the Buyer, nor is the Purchaser participating, pursuant
      to a contractual agreement or otherwise, in the distribution of the
      Consideration Shares.

PART 3 

ASSUMED LIABILITIES 

3.1        Assumed
Indebtedness. On and after the Closing Time, the Buyer will assume and pay
or cause to be paid by the Target the balance outstanding under any of the
Assumed Indebtedness, and the Buyer will indemnify and save the Seller harmless,
from any liability in connection with that Assumed Indebtedness arising wholly
after the Closing Time, except for any liability for any default under the
Assumed Indebtedness occurring prior to the Closing Time. 

3.2        Other Assumed
Liabilities. On and after the Closing Time, the Buyer will indemnify and
save the Seller harmless from any liability in connection with any of the
Material Contracts, the Leases and the Licenses arising wholly after the Closing
Time, except for any liability for any default under any Material Contract, the
Leases and the Licenses occurring prior to the Closing Time.

3.3        Liabilities
Not Assumed. Except for any liability expressly assumed by the Buyer under
this Agreement, as set out in paragraph 3.1 and paragraph 3.2, the Buyer will
not assume, and will not be responsible for, any liability of the Target,
present or future, and whether or not relating to the Business, and the Seller
will indemnify and save harmless the Buyer from and against that liability. 

PART 4 

INVENTORY 

INTENTIONALLY DELETED 

PART 5 

VALUATION OF ACCOUNTS RECEIVABLE AND PREPAIDS 

INTENTIONALLY DELETED 

PART 6 

ADJUSTMENTS 

INTENTIONALLY DELETED 

PART 7 

REPRESENTATIONS 

7.1       
Representations of the Seller and the Target. The Seller and the Target
jointly and severally represent and warrant to the Buyer as follows: 

	 	a) 	
      Status of Seller. The Seller is a corporation duly
      incorporated, validly existing, and in good standing under the laws of the
      Province of Ontario, has the power and capacity to own and dispose of the
      Target Shares, and to enter into this Agreement and carry out its
      terms.

	 	 	 	 
	 	b) 	
      Status of the Target. The Target is a corporation
      duly incorporated, validly existing, and in good standing under the laws
      of the Province of Ontario, has the power and capacity to carry on the
      Business, and to enter into this Agreement and carry out its
  terms.

	 	 	 	 
	 	b) 	
      Authority to Sell. The execution and delivery of
      this Agreement, and the completion of the transaction contemplated by this
      Agreement, have been duly and validly authorized by all necessary
      corporate action of the Seller and of the Target, and this Agreement
      constitutes a legal, valid, and binding obligation of the Seller and the
      Target, enforceable against each of them in accordance with its terms,
      except as may be limited by laws of general application affecting the
      rights of creditors, and subject to the availability of any equitable
      remedy in any particular instance.

	 	 	 	 
	 	c) 	
      Sale Will Not Cause Default. Neither the execution
      and delivery of this Agreement, nor the completion of the purchase and
      sale contemplated in this Agreement will:

	 	 	 	 
	 		i) 	
      violate any of the terms of the constating documents of
      the Seller or of the Target, or any order, decree, statute, by-law,
      regulation, covenant, or restriction, applicable to the Seller, or any of
      the Assets;

	 	 	 	 
	 		ii) 	
      give any person any right to terminate, cancel, or remove
      any of the Assets;

	 	 	 	 
	 		iii) 	
      result in any fee, duty, tax, assessment, or other amount
      relating to any of the Assets, becoming due or payable, other than
      provincial social services tax payable by the Buyer in connection with the
      purchase and sale; or

	 	iv) 	
      result in any encumbrance, except the Permitted
      Encumbrances, on any of the Assets.

	 	d) 	
      Title to Assets. The Target owns and possesses,
      and has a good and marketable title to, the Assets, free and clear of any
      security interest, encumbrance, or other claim, except for any Permitted
      Encumbrances.

	 	 	 	 
	 	e) 	
      Books and Records. The books and records of the
      Target, a true and complete set of which has been provided to the Buyer,
      fairly and correctly set out and disclose, in all material respects, in
      accordance with Generally Accepted Accounting Principles, the financial
      position of the Target, and all material financial transactions and Assets
      of the Target have been accurately recorded in those books and
    records.

	 	 	 	 
	 	f) 	
      Material Change. Since the date of the balance
      sheet included in the Books and Records there has not been:

	 	 	 	 
	 		i) 	
      any material change in the financial condition of the
      Business, its liabilities, or the Assets, other than changes in the
      ordinary course of business, none of which has been materially
    adverse;

	 	 	 	 
	 		ii) 	
      any damage, destruction, loss, or other event, whether or
      not covered by insurance, materially and adversely affecting the Assets,
      or the Business;

	 	 	 	 
	 		iii) 	
      any material increase in the compensation payable, or to
      become payable, by the Target to any of its officers, employees, or
      agents, or any bonus, payment, or arrangement made to or with any of them,
      except those, if any, agreed to in writing by the Buyer.

	 	 	 	 
	 	g) 	
      Litigation. There is no litigation, or
      administrative or governmental proceeding, or inquiry pending, or to the
      knowledge of the Seller and the Target, threatened, against, or relating
      to, the Target Shares, the Target, the Business, or any of the Assets, nor
      does the Seller or the Target know of, or have reasonable grounds for
      believing that, there is any basis for any litigation, proceeding, or
      enquiry.

	 	 	 	 
	 	h) 	
      Conformity with Laws. Every governmental licence,
      or permit required for the carrying on, in the ordinary course, of the
      operations of the Business, has been obtained, and is in good standing,
      and the carrying on of the operation of the Business is not in breach of
      any statute, by-law, regulation, covenant, restriction, plan, or
      permit.

	 	 	 	 
	 	i) 	
      Forward Commitments. Any outstanding forward
      commitment by, or on behalf of, the Target for the purchase or sale of any
      of the Inventory has been made in accordance with established price lists
      of the Target, or its suppliers, or if otherwise, then in accordance with
      the Target's normal business practice.

	 	j) 	
      Material Contracts, Assumed Indebtedness, Leases, and
      Licences.

	 	 	 	 
	 		
      There are no contracts, or agreements, applicable to the
      Business other than the insurance policies listed in Schedule 10, Material
      Contracts, Assumed Indebtedness, Leases, Equipment Leases and the
      Licences.

	 	 	 	 
	 	k) 	
      No Defaults. Except as otherwise expressly
      disclosed in this Agreement, or in any Schedule to this Agreement, there
      has not been any default in any obligation to be performed under any of
      the Leases, Licenses, Intellectual Property rights, Material Contracts,
      Equipment Leases or Assumed Indebtedness, each of which is in good
      standing, and in full force and effect, unamended, except as set out in
      the schedules listing the Leases, Equipment Leases, Material Contracts,
      Intellectual Property rights, Assumed Indebtedness, and
Licences.

	 	 	 	 
	 	l) 	
      Condition of Assets. The Equipment, and Leasehold
      Improvements are in good condition and repair and the Equipment, and any
      equipment comprised in the Leasehold Improvements, are in good working
      order.

	 	 	 	 
	 	m) 	
      Work Orders. There are no local government work
      orders outstanding against any of the Leased Premises, and the Target has
      not received any notice of any defect or breach of any bylaw or regulation
      which, if not corrected, could become a work order.

	 	 	 	 
	 	n) 	
      Environmental, Health, and Consumer Protection Laws.
      The Target has not violated any Environmental, Health, and Consumer
      Protection Laws and for greater certainty, without limitation:

	 	 	 	 
	 		i) 	
      the Target has operated the Business at all times and has
      received, handled, used, stored, treated, shipped and disposed at all
      times of all Hazardous Substances in strict compliance with all
      Environmental, Health, and Consumer Protection Laws;

	 	 	 	 
	 		ii) 	
      no orders, directions or notices have been issued under
      any Environmental, Health, and Consumer Protection Law relating to the
      Business.

	 	 	 	 
	 	o) 	
      Intellectual Property. None of the Assets infringe
      the rights of any patent, design, trade mark, trade name, copyright or
      other intellectual property rights.

7.2       
Representations of the Buyer. The Buyer represents and warrants to the
Seller and the Target as follows: 

	 	a) 	
      Status of Buyer. The Buyer is a corporation, duly
      incorporated, validly existing, and in good standing under the laws of its
      jurisdiction of incorporation, has the power and capacity to enter into
      this Agreement, and to carry out its terms.

	 	b) 	
      Authority to Purchase. The execution and delivery
      of this Agreement, and the completion of the transactions contemplated by
      this Agreement, have been duly and validly authorized by all necessary
      corporate action on the part of the Buyer, and this Agreement constitutes
      a legal, valid, and binding obligation of the Buyer, enforceable against
      the Buyer in accordance with its terms, except as limited by laws of
      general application affecting the rights of creditors, and subject to the
      availability of any equitable remedy in any particular instance.

	 	 	 
	 	c) 	
      Investment Canada Act. The Buyer is
      not a "Canadian" as defined in Section 3 of the Investment Canada
      Act.

PART 8 

COVENANTS OF THE PARTIES 

8.1        Covenants of
the Seller and the Target. The Seller and the Target jointly and severally
covenant with the Buyer as follows: 

	 	a) 	
      Conduct of the Business. Until the Closing Time,
      the Target will conduct the Business diligently, and in the ordinary
      course, and will use all reasonable efforts to preserve the Assets intact
      other than a disposition of any of the Assets in the usual and ordinary
      course of the operation of the Business, to keep available to the Buyer
      its present employees, and to preserve for the Buyer its relationship with
      its suppliers, customers, and others having business relations with
    it.

	 	 	 
	 	b) 	
      Access by Buyer. The Target will give to the Buyer
      and Buyer's lawyers, accountants, and other representatives, full access,
      during normal business hours, throughout the period from the date of this
      Agreement to the Closing Time, to all of the properties, books, contracts,
      commitments, and records of the Target relating to the Business, and the
      Assets, and will furnish to the Buyer during that period any information
      reasonably requested by the Buyer.

	 	 	 
	 	c) 	
      Insurance. From the date of this Agreement, until
      the Closing Time, the Target will maintain in full force and effect the
      policies of insurance described in Schedule 10, and will cause the Buyer
      or the designees of the Buyer to be added as a named insured under those
      policies, and to remain as a named insured until the Closing
  Time.

	 	 	 
	 	d) 	
      Obtain Consents. The Seller and the Target will
      obtain, prior to the Closing Time, all consents, waivers, approvals, and
      releases as may be required to validly and effectively transfer the Target
      Shares.

	 	 	 
	 	e) 	
      Assets. The Target will take good care of all the
      Assets and make any necessary repairs and maintenance prior to the Closing
      Time.

	 	f) 	
      Covenant of Indemnity. The Seller and the Target
      will, jointly and severally, indemnify and hold harmless the Buyer from
      and against:

	 	 	 	 
	 		i) 	
      any liability, whether accrued, absolute, contingent, or
      otherwise, existing at the Closing Time, and which is not agreed to be
      assumed by the Buyer under this Agreement;

	 	 	 	 
	 		ii) 	
      any damage, or loss arising from any misrepresentation,
      or non-fulfilment of any covenant, on the part of the Seller or the Target
      under this Agreement, or from any misrepresentation in, or omission from,
      any certificate, or other instrument, furnished, or to be furnished, to
      the Buyer under this Agreement; and

	 	 	 	 
	 		iii) 	
      any action, suit, proceeding, claim, costs, legal
      expenses (on a solicitor and own client basis), and any other expense,
      incidental to any of the liability, damage or loss referred to in
      paragraph 8.1(g)(i) and paragraph 8.1(g)(ii).

	 	 	 	 
	 	g) 	
      Employees. The Target will pay all employees all
      wages, salaries, and benefits up to and including the Closing Time. The
      Seller and the Target will jointly and severally indemnify and save
      harmless the Buyer from and against any claim by any employee of the
      Seller whether terminated or not under this Part for wages, salaries,
      bonuses, pension, or other benefits, severance pay, notice, or pay in lieu
      of notice, and holiday pay, in respect of any period prior to the Closing
      Time.

	 	 	 	 
	 	h) 	
      Notice to Buyer. If either the Seller of the
      Target determines a state of facts exists which will result in an untrue
      representation, the non-fulfilment of any condition, or any material
      detrimental change to the Assets or the Business, the Seller or the Target
      will as soon as is reasonably possible notify the Buyer of such state of
      facts.

	 	 	 	 
	 	i) 	
      Filings. The Target will make in a timely fashion
      all tax, governmental and other filings necessary for the proper operation
      of the Business.

8.2        Covenants
of the Buyer. The Buyer covenants with the Seller as follows: 

	 	a) 	
      Consents. The Buyer will, at the request of the
      Seller, execute and deliver applications for consent, assumption
      agreements, and provide information, as may be necessary to obtain the
      consents referred to in paragraph 8.1(e), and will assist and co-operate
      with the Seller in obtaining those consents.

PART 9 

POST CLOSING COVENANTS 

	9.1 	
      Covenants of the Buyer. The Buyer will:

	 	 	 
		a) 	
      permit the Seller, and its authorized representatives,
      upon reasonable notice, access during normal business hours to all
      documents, books, agreements, records, and files, which relate to the
      Business and relate to periods prior to the Closing Time in connection
      with the preparation of any tax and financial reporting matters, audits,
      legal proceedings, governmental proceedings, and other business
      purposes.

9.2        Covenants of
the Seller and the Target. The Seller and the Target jointly and severally
will: 

	 	a) 	
      indemnify and save harmless the Buyer, upon demand, from
      and against any cost and expense, incurred by the Buyer, arising out of
      the performance by the Buyer of its obligations under paragraph 9.1(a);
      and

	 	 	 
	 	b) 	
      permit the Buyer, and its authorized representatives,
      upon reasonable notice, access during normal business hours to all
      documents, books, agreements, records, and files, which relate to the
      Business and relate to periods prior to the Closing Time in connection
      with the preparation of any tax and financial reporting matters, audits,
      legal proceedings, governmental proceedings, and other business
      purposes.

PART 10 

SURVIVAL OF REPRESENTATIONS AND COVENANTS 

10.1        Survival of
Seller's and Target's Representations and Covenants. Any statement contained
in any certificate, or other instrument delivered by, or on behalf of, the
Seller or the Target or both under this Agreement, or in connection with any
transaction contemplated by this Agreement, will be considered to be
representations made by the Seller or the Target or both, as the case may be, to
the Buyer. Any representation, or agreement that may still be applicable, made
by the Seller or the Target or both in this Agreement will, unless otherwise
expressly stated, survive the Closing Time and any investigation at any time
made by or on behalf of the Buyer, and subject to paragraph 10.3, will continue
in full force and effect for the benefit of the Buyer. 

10.2       Survival of Buyer's
Representations and Covenants. Any representation, or agreement that may
still be applicable, made by the Buyer in this Agreement will, unless otherwise
expressly stated, and if it may still be applicable, survive the Closing Time
and any investigation at any time made by, or on behalf of, the Seller, and will
continue in full force and effect for the benefit of the Seller, but the Seller
will not be entitled to make any claim for any breach of any representation, or
agreement, unless: 

	 	a) 	
      written notice of any claim is given by the Seller to the
      Buyer prior to the Closing Time, and

	 	 	 
	 	b) 	
      the aggregate amount of any claim exceeds
  $10,000

10.3       Limitation on
Seller's and Target's Indemnity. No claim by the Buyer under the covenant of
indemnity contained in paragraph 8.1(g), or for damages, or other relief in
respect of any breach of any representation, or any breach of any covenant, by
the Seller or Target or either of them, under this Agreement, will be valid
unless: 

	 	a) 	
      written notice of any claim is given by the Buyer or the
      Target to the Seller prior to the Closing Time, and

	 	 	 
	 	b) 	
      the aggregate amount of any claim exceeds
  $10,000.

PART 11 

CONDITIONS PRECEDENT 

11.1       Conditions
Precedent to Buyer's Obligations. Any obligation of the Buyer under this
Agreement is subject to the fulfilment at, or prior to, the Closing Time of the
following conditions and any failure in fulfilment of the conditions will allow
the Buyer at its option to terminate this Agreement without any further
liability to the Buyer: 

	 	a) 	
      Seller's and Target's Representations. The
      Seller's and Target's representations contained in this Agreement, and in
      any certificate or document delivered under this Agreement, or in
      connection with the transactions contemplated by this Agreement, will be
      true at, and as of, the Closing Time, as if those representations and
      warranties were made at, and as of, the Closing Time.

	 	 	 
	 	b) 	
      Damage. No Material Damage will have occurred to
      the Assets.

	 	 	 
	 	c) 	
      Seller's and Target's Covenants. The Seller or the
      Target will have performed any agreement required by this Agreement to be
      performed by either of them prior to or at the Closing Time.

	 	 	 
	 	d) 	
      Consents. The Buyer will have received duly
      executed copies of the consents or approvals referred to in paragraph
      8.1(e).

11.2       Waiver of
Conditions by Buyer. Each of the conditions set out in paragraph 11.1, is
for the exclusive benefit of the Buyer, and any of those conditions, may be
waived, in whole or in part, by the Buyer at or prior to the Closing Time, by
delivering to the Seller a written waiver to that effect signed by the Buyer.

11.3       Conditions
Precedent to Seller's Obligations. Any obligation of the Seller under this
Agreement is subject to the fulfilment, prior to or at the Closing Time, of the
following conditions: 

	 	a) 	
      Buyer's Representations. The Buyer's
      representations contained in this Agreement will be true at and as of the
      Closing Time as though those representations were made as of the Closing
      Time.

	 	 	 
	 	b) 	
      Buyer's Covenants. The Buyer will have performed
      any agreement required by this Agreement to be performed by it at or prior
      to the Closing Time.

	 	 	 
	 	c) 	
      Consents of Third Parties. Any consent or approval
      required to be obtained by the Seller for the purpose of selling and
      transferring the Target Shares has been obtained, but this condition may
      only be relied upon by the Seller if the Seller has diligently exercised
      all reasonable efforts to procure all consents or approvals required to be
      obtained under this Agreement, and the Buyer has not waived the need for
      any consent or approval.

11.4       Waiver of
Conditions by Seller. Each of the conditions set out in paragraph 11.3, is
for the exclusive benefit of the Seller, and any of those conditions may be
waived, in whole or in part, by the Seller, at or prior to the Closing Time, by
delivering to the Buyer a written waiver to that effect signed by the Seller.

PART 12 

CLOSING 

12.1       Closing Time.
Subject to the terms and conditions of this Agreement, the purchase and sale
of the Assets will be completed at a closing to be held at 9:00 a.m., local
time, in Toronto, on September 9 , 2011, or at any other time and date as
may be agreed upon, in writing, between the Parties. 

12.2       Place of
Closing. The closing will take place at the offices of the Buyer, or at such
other location mutually agreed by the Parties. 

12.3       Documents and
Assets to be Delivered by the Seller. At the closing the Seller will
deliver, or cause to be delivered, to the Buyer: 

	 	a) 	
      a duly executed instrument of transfer effecting the
      transfer of the Target Shares, with signatures guaranteed, and, if
      applicable, any certificate representing the Target Shares, duly executed
      and endorsed in blank (or accompanied by duly executed stock powers duly
      endorsed in blank), in each case in proper form for transfer, with
      signatures guaranteed.

	 	 	 
	 	b) 	
      all consents or approvals required to be obtained by the
      Seller for the purpose of validly assigning to the Buyer the Target
      Shares, any other consent or approval required to give effect to the
  transactions hereby contemplated;

	 	c) 	
      duly executed releases of, or evidence to the reasonable
      satisfaction of the Buyer, as to the discharge of any and all liabilities
      which the Buyer has not agreed to assume, and which may be enforceable
      against the Target or any of the Assets; and

	 	 	 
	 	d) 	
      a certified copy of any resolution of the shareholders,
      and directors, of the Seller and of the Target as may be required to be
      passed to authorize the execution and delivery, and implementation, of
      this Agreement, and of any document to be delivered by the Seller or the
      Target under this Agreement.

12.4       Documents to be
Delivered by the Buyer. At the Closing Time the Buyer will deliver, or cause
to be delivered the Purchase Price. 

PART 13 

RISK AND DAMAGE 

13.1       Buyer's
Election. If, prior to the Closing Time, there occurs any Material Damage by
fire or other cause to any of the Assets, then the Buyer may, at its option:

	 	a) 	
      terminate this Agreement by reason of a failure to fulfil
      the conditions precedent of Part 11;

	 	 	 
	 	b) 	
      reduce the Purchase Price, by notice to the Seller and
      accounting for any insurance proceeds payable to the Target in respect of
      the Material Damage, by an amount equal to the cost of repair, or, if the
      assets are destroyed or damaged beyond repair, by an amount equal to the
      replacement cost of the assets forming part of the Assets that have been
      damaged or destroyed, and complete the purchase.

PART 14 

MEDIATION AND ARBITRATION 

14.1       Disputes to be
Mediated or Arbitrated. Any dispute between the Parties concerning any
matter arising under Part 4, Part 5, and Part 6 or any of them, will be
submitted following the procedure set out in paragraph 14.2 to mediation, and
failing successful mediation to arbitration under the provisions of the
Arbitration Act of Ontario. 

14.2       Procedure. 

	 	a) 	
      The Parties will attempt to resolve any dispute to which
      this Part applies by mediated negotiation, and will use their best efforts
      to agree on the choice of a mediator.

	 	 	 
	 	b) 	
      If a dispute arises to which this Part applies and which
      cannot be resolved by mediation within 30 days ("Period") after one Party
      notifies the other, or others as the case may be, of an intention to
      mediate the dispute, the Parties will submit the matter to arbitration in
      accordance with the following:

	 	i) 	
      within 5 days from the end of the Period, the matter will
      be referred to a single arbitrator with expertise in the matter being
      arbitrated;

	 	 	 
	 	ii) 	
      if the Parties cannot agree upon a single arbitrator
      within the 5 days from the end of the Period, then any Party may apply to
      the Ontario Superior Court of Justice to have it select an
    arbitrator;

	 	 	 
	 	iii) 	
      the arbitrator appointed by the Parties, or the Court, as
      the case may be, will hand down a decision within 30 days after that
      arbitrator is appointed;

	 	 	 
	 	iv) 	
      if that arbitrator does not hand down a decision within
      that 30 day period, then either Party may, by giving notice to the other,
      cancel the appointment of the arbitrator, and initiate new arbitration
      proceedings by a new request and appointment.

PART 15 

NON-COMPETITION 

INTENTIONALLY DELETED 

PART 16 

GENERAL 

16.1       Further
Assurances. The Parties will execute and deliver all other appropriate
supplemental agreements and other instruments, and take any other action
necessary, to give full effect to this Agreement, and to make this Agreement
legally effective, binding, and enforceable as between them, and as against
third parties. 

16.2       Waivers.
The failure of a Party to insist upon the strict performance of any term of
this Agreement, or to exercise any right, or remedy contained in this Agreement,
will not be construed as a waiver or a relinquishment by that Party for the
future of that term, right, or remedy. 

16.3       Binding
Agreement. This Agreement will bind and benefit each of the Parties
including their respective successors and permitted assigns. 

16.4       Collateral
Representations and Agreements. This Agreement is the entire agreement
between the Parties and supersedes any prior agreement. Neither Party is bound
by any warranty or agreement not included in this Agreement, and in particular,
no warranty of a Party not expressed in this Agreement is to be implied. 

16.5       Expenses.
Each Party will pay any expense it incurs in authorizing, executing, and
performing this Agreement and any transaction contemplated by it, whether or not
that transaction is completed, including any fee and expense of its legal
counsel, banker, investment banker, broker, accountant, or other consultant.

16.6       No Partnership.
Neither the execution of this Agreement nor the performance by a Party of
any of its rights and obligations under this Agreement will create any
partnership between the Parties. 

16.7       Assignment.
Neither Party may assign this Agreement without the prior consent of the
other Party. 

16.8       Counterparts.
This Agreement may be signed by original or by facsimile and executed in any
number of counterparts, and each executed counterpart will be considered to be
an original. All executed counterparts taken together will constitute one
agreement. 

16.9       Set-off. If
under this Agreement or any document delivered under this Agreement the Seller
becomes obligated to pay any sum of money to the Buyer, then that sum may, at
the election of the Buyer, and without limiting or waiving any right or remedy
of the Buyer under this Agreement, be set-off against and will apply to any sum
of money or security owed by the Buyer to the Seller until that amount has been
completely set-off. 

16.10     Entire Agreement. This
Agreement constitutes the entire agreement between the parties and there are no
representations or warranties, express or implied, statutory or otherwise and no
agreements collateral to this Agreement other than as expressly set out or
referred to in this Agreement. 

16.11     Severability. Subject to
paragraph 15.9, if any term of this Agreement is determined to be invalid or
unenforceable, in whole or in part, such invalidity or unenforceability will
attach only to such term or part term, and the remaining part of the term and
all other terms of this Agreement will continue in full force and effect. The
parties will negotiate in good faith to agree to a substitute term that will be
as close as possible to the intention of any invalid or unenforceable term while
being valid and enforceable. The invalidity or unenforceablity of any term in
any particular jurisdiction will not affect its validity or enforceability in
any other jurisdiction where it is valid or enforceable. 

16.12     Gender and Number. Words
in one gender include all genders, and words in the singular include the plural
and vice versa. 

16.13     Interpretation Not Affected.
In this Agreement, using separate Parts, providing a table of contents, and
inserting headings are for convenient reference only and will not affect how
this Agreement is interpreted.

16.14     Governing Law and
Jurisdiction. This Agreement will be governed by and construed in accordance
with Ontario law and applicable Canadian law and will be treated in all respects
as an Ontario contract. 

16.15     Submission to Jurisdiction.
Each of the Parties will:

	 	a) 	
      submit to the jurisdiction of the Ontario
  courts,

	 	 	 
	 	b) 	
      if not incorporated or registered in Ontario, appoint an
      agent to receive service of any process in Ontario, and

	 	 	 
	 	c) 	
      if any appointed agent is required, notify the other of
      the name and address of its appointed agent.

16.16     Legislation. In this
Agreement any reference to legislation includes a reference to the legislation
and to any regulations made under that legislation as that legislation or those
regulations may be amended or re-enacted from time to time. 

16.17     Time. Time will be of the
essence.

16.18     Expiry of Time Period. In
this Agreement, if any period ends on a day other than a Business Day, that
period will be extended to the next following Business Day. 

16.19     Notices. In this
Agreement: 

	 	a) 	
      any notice or communication required or permitted to be
      given under the Agreement will be in writing and will be considered to
      have been given if delivered by hand, transmitted by facsimile
      transmission or mailed by prepaid registered post in Canada, to the
      address of each party set out on the first page hereof or to such other
      address or facsimile transmission number as any party may designate in the
      manner set out above;

	 	b) 	
      notice or communication will be considered to have been
      received:

	 	 	 	 
	 		i) 	
      if delivered by hand during business hours on a Business
      Day, upon receipt by a responsible representative of the receiver, and if
      not delivered during business hours, upon the commencement of business on
      the next Business Day;

	 	 	 	 
	 		ii) 	
      if sent by facsimile transmission during business hours
      on a Business Day, upon the sender receiving confirmation of the
      transmission, and if not transmitted during business hours, upon the
      commencement of business on the next Business Day; and

	 	 	 	 
	 		iii) 	
      if mailed by prepaid registered post in Canada, upon the
      fifth Business Day following posting; except that, in the case of a
      disruption or an impending or threatened disruption in postal services
      every notice or communication will be delivered by hand or sent by
      facsimile transmission.

16.20     Accounting Principles. All
calculations made or referred to in this Agreement will be made in accordance
with the Generally Accepted Accounting Principles applied consistently. All
accounting terms used in this Agreement which are not defined in this Agreement
will have the meaning assigned to them in accordance with Generally Accepted
Accounting Principles. 

16.21     Currency. All transactions
referred to in this Agreement will be made in lawful currency of the United
States in immediately available funds. Any reference to cash in this Agreement
includes a reference to cash, certified cheque, banker's draft, wire, or
electronic transfer drawn on, or of, a chartered bank of Canada. 

16.22     Amendment. This Agreement
may be amended or supplemented only by a written agreement signed by each Party
and that agreement need not be executed under seal. 

16.23     Joint and Several. If a
party is more than one person or entity, every representation, covenant and
agreement on the part of the party to be observed and performed by that party
will be the joint and several representation, covenant and agreement of each
person or entity comprising the party. 

TO EVIDENCE THEIR AGREEMENT each of the parties has executed
this Agreement on the date appearing below. 

	ROSSLAND ASSET MANAGEMENT LTD. 	 	AUTO TOOL TECHNOLOGIES INC. 
	By: 	 	By: 
	 	 	 
	 	 	 
	President and Authorized Signatory 	 	President and Authorized Signatory 
	 	 	 
	 	 	 
	Print Name 	 	Print Name 
	 	 	 
	 	 	 
	Dated: _________________________________________	 	Dated:
    _________________________________________
	 	 	 
	 	 	 
	DSL PRODUCTS INC. 	 	  
	By: 	 	  
	 	 	 
	 	 	 
	President and Authorized Signatory 	 	  
	 	 	 
	 	 	 
	Print Name 	 	  
	 	 	 
	 	 	 
	Dated: _________________________________________	 	  

SCHEDULE 1 

(Description of Land) 

None.

SCHEDULE 2 

(List of Equipment) 

None. 

SCHEDULE 3 

(Description of Leases) 

None. 

SCHEDULE 4 

(List of Material Contracts) 

Consulting Agreement – I.S. Grant & Company 

Consulting Agreement – CK & Associates 

SCHEDULE 5 

(Description of Assumed Indebtedness) 

None. 

SCHEDULE 6 

Intentionally Deleted 

SCHEDULE 7 

(Description of Intellectual Property) 

Canadian Trade-mark 
No. 1293373 
Trade-mark: TOOL VALLEY

Present Owner: DSL Products Ltd. 

SCHEDULE 8 

(Equipment Leases) 

None.

SCHEDULE 9 

(List of Permitted Encumbrances) 

	2. 	
      Liens for taxes, assessments or governmental charges or
      levies not at the Closing Time due and delinquent, or the validity of
      which is being contested at the Closing Time by the Target in good faith
      if the Buyer is satisfied, or has been provided with appropriate security
      to ensure, that any contest will not result in forfeiture of any of the
      Assets;

	 	 
	3. 	
      The lien of any judgment rendered, or claim filed,
      against the Target which it is contesting in good faith, if the Buyer is
      satisfied, or appropriate security has been provided to ensure, that any
      contest will not result in forfeiture of any of the Assets;

	 	 
	4. 	
      Security given to a public utility or any governmental
      body in connection with the operations of the Target in the ordinary
      course of its businesses;

	 	 
	5. 	
      The reservations, limitations, provisos and conditions,
      if any, expressed in any original grant from the
Crown;

SCHEDULE 10 

(Schedule of Insurance) 

Product Liability Insurance: Intact Insurance – No. 501220751

General Liability Insurance: Intact Insurance – No. 501220751

SCHEDULE 11 

(Licenses) 

None.boydempagmt.htm

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of January, 2011, by and between Voice Assist Inc., a Nevada public company having its principal place of business at 2 South Point Drive, Suite 100, Lake Forest, CA 92630 (the “Employer”), and Vic Boyd, an individual currently residing in the [Intentionally Omitted] (the “Employee”).  As used herein, the term “Parties” shall be used to refer to the Employer and Employee jointly.

WHEREAS:

A.           Employer has recently become a public company and has previously engaged Employee as a contractor to provide IT support and data center management, and

B.           Employer desires a smooth and orderly transition of Employee from his status as a contractor to become a full time Employee, and

C.           Employer is of the opinion that Employee has education, experience and/or expertise which is of value to Employer and its shareholders, and

D.    Employer and Employee acknowledge and agree that each party seeks to revoke all prior oral and written agreements, understandings, and arrangements between Employer and Employee in connection with Employee’s proposed employment by Employer.

E.           Employer desires to be assured of the association and services of Employee and Employer acknowledges that Employee does not have any existing conditions or incapacity which would render him unfit to fulfill his obligations under this Agreement.

F.           Employee is willing and desires to be employed by Employer, and Employer is willing to employ Employee, upon the terms, covenants and conditions hereinafter set forth.

NOW THEREFORE, in consideration of the promises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which the Parties hereto acknowledge Employer and Employee agree as follows:

	
1.  

	
EMPLOYMENT. Employer hereby agrees to employ Employee and Employee hereby accepts such employment, upon the terms and conditions hereinafter set forth.

  

1

  

	
2.  

	
COMPENSATION.

	
3.1  

	
 Salary:   Employer shall pay Employee a base annual salary of One Hundred Twenty Thousand Dollars ($120,000) per year less taxes and other withholdings as required by law and prorated for any partial periods.  All payroll checks will be payable in accordance with Employer’s normal policies but in no event less often than semi-monthly (the “Salary”).

	
3.2  

	
Bonus and Incentive: Employer shall pay Employee a quarterly bonus totaling $120,000 a year upon reaching mutually agreeable objectives set by Employer and Employee

3.2 Stock Options:

Employee shall be eligible to participate in Company’s 2010 Stock Option Plan during the term of employment as determined by the Company’s Board of Directors. The grant of the options as reference herein is subject to the Board of Directors approval of the Stock Option Agreement Attached. Management intends to recommend to the Board the employee be granted 500,000 options to be vested over three years.

	
  

	
3.

	
EMPLOYEE BENEFITS.  Subject to the requirements of the California Labor Code (as defined in Section 1—29.5), Employer and Employee agree as follows:

	
4.1  

	
General Benefits:  Employee shall be entitled to receive or participate in all benefit plans and programs of Employer currently existing or hereafter made available to executives or senior management of Employer, including but not limited to, dental and medical insurance, including coverage for dependents of Employee, pension and profit sharing plans, 401(k) plans, incentive savings plans, stock option plans, group life insurance, salary continuation plans, disability coverage and other fringe benefits.

	
4.2  

	
Business Expense: Employee shall be provided with American Express and/or Visa/Master Card credit cards issued in the name of Employer, for purposes of paying business expenses, including without limitation, business travel, entertainment, lodging and similar activities.  Additionally, Employee shall be entitled to receive proper reimbursement for all reasonable out-of-pocket expenses incurred directly by Employee in performing Employee’s duties and obligations under this Agreement.  Employer shall reimburse Employee for such expenses on a monthly basis, upon submission by Employee of appropriate receipts, vouchers or other documents in accordance with Employer’s policy.

  

2

  

	
4.3  

	
Automobile Expenses: Employer shall provide Employee with an automobile allowance of $500 per month to compensate Employee for the use of his automobile in the course of performing his duties and obligations under this Agreement.

	
4.4  

	
Cellular Telephone & Internet: Employer shall provide Employee with a cellular telephone and high speed internet access for use on Employer’s business and Employer shall be responsible for all costs and expenses incurred in connection with the operation and use of such services, including but not limited to, monthly service charges and maintenance; provided, however, that Employer shall not be responsible for costs and expenses incurred for personal use of Employee.

	
4.5  

	
Assistance: Employer shall furnish Employee with an executive office, together with a portable computer and office equipment and such other facilities and services as are deemed by the CEO of Employer to be suitable for his position and adequate for the performance of his duties and obligations under this Agreement.

	
4.6  

	
Vacation:  Employee shall be entitled during each twelve (12) month period during the Term of this Agreement to a vacation of two (2) weeks during which time Employee’s compensation will be paid in full. Vacation days will accrue at a rate of 6.67 hours a month with a maximum of 80 hours accrual at one time. Upon reaching a total of 80 hours/2 weeks accrual will cease.  Unused days of vacation will be compensated in accordance with Employer’s policy as established by Employer from time to time.  Employee may take the vacation periods at any time during the year as long as Employee schedules time off as to not create hardship on Employer.  In addition, Employee shall have such other days off as shall be determined by Employer and shall be entitled to paid sick leave and paid holidays in accordance with Employer’s policy.

  

3

  

5.           DUTIES/SERVICE

	
5.1  

	
Position: Employee is employed as Chief Information Officer and shall perform such services and duties as are defined in Addendum B, Job Description, attached hereto, and as are normally associated with such position, subject to the direction, supervision and rules and regulations of Employer and its CEO.

	
5.2  

	
Place of Employment: The place of Employee’s employment and the performance of Employee’s duties will be at Employer’s corporate headquarters and at a separate office facility in Lake Forest, CA or at collocation facilities as agreed upon by Employer and Employee.

	
5.3  

	
Extent of Services: Employee shall at all times and to the best of his ability perform his duties and obligations under this Agreement in a reasonable manner consistent with the interests of Employer.  The precise services of the Employee may be extended or curtailed, from time to time as agreed upon by employer and employee, and Employee agrees to render such different and/or additional services of a similar nature as agreed upon by Employer and Employee.  However, Employer shall not transfer Employee outside of the Orange County, CA area without Employee’s prior written consent.

5.3.1 Except as otherwise agreed by Employer and Employee in writing, it is expressly understood and agreed that Employee’s employment is fulltime and of a critical nature to the success of Employer and is therefore exclusive.  Employee may not be employed by other entities or otherwise perform duties and undertakings on behalf of others or for his own interest unless Employer and Employee mutually agree to such activity.  Employer acknowledges that Employee presently, or may in the future, serve on the Board of Directors of other companies and such action shall not be a breach of this section; provided, however, that such companies either: (a) are listed on Addendum C, attached hereto; or (b) do not compete with Employer or interfere with the performance of Employee’s duties pursuant to this Agreement, as determined in the reasonable judgment of the CEO and Employee.

5.3.2 Additionally, Employer recognizes that Employee has, or may have in the future, non-passive equity positions in other companies, which either: (a) are listed on Addendum C attached hereto; or (b) do not compete with Employer in the reasonable judgment of the CEO and Employee.  Employer recognizes that such equity positions may occasionally require some limited attention from Employee during normal business hours.  However, Employee agrees that if such time is considered excessive by the CEO, Employee shall be so advised and noticed by Employer and Employee shall be required to make appropriate adjustments to ensure his duties and obligations under this Agreement are fulfilled.

  

4

  

	
6.  

	
TERMINATION. The Term of this Agreement shall end upon its expiration pursuant to Section 2 hereof, provided that this Agreement shall terminate prior to such date: (a) upon the Employee’s resignation, death or permanent disability or incapacity; or (b) by Employer at any time for “Cause” (as defined in Section 6.4 below) or without Cause.

	
6.1  

	
BY RESIGNATION.  If Employee resigns, Employee shall be entitled to receive Employee’s Salary and Incentive Compensation only through the date of such resignation and Employee’s Option Shares shall be deemed vested only through the date of such resignation.

	
6.2  

	
BY REASON OF INCAPACITY OR DISABILITY: If Employee becomes so incapacitated by reason of accident, illness, or other disability that Employee is unable to carry on substantially all of the normal duties and obligations of Employee under this Agreement for a continuous period of ninety (90) days (the “Incapacity Period”), this Agreement shall terminate but Employee shall be entitled to receive Employee’s Salary and Incentive Compensation only through the date of such Incapacity Period and Employee’s Option Shares shall be deemed vested only through the date of such Incapacity Period.

	
6.3  

	
BY REASON OF DEATH:  If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarter, Employee’s Incentive Compensation in accordance with the terms and conditions of Addendum A; (b) pay to the estate of Employee, for a period of three (3) months beginning on the date of death (the “Extended Period”), Employee’s Salary payable in periodic installments on Employer’s regular paydays, at the rate then in effect; and (c) Employee’s Option Shares shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s benefit plans and programs.

	
6.4  

	
FOR CAUSE.  If the Term of this Agreement is terminated by Employer for Cause: (a) Employee shall be entitled to receive Employee’s Salary and Incentive Compensation only through the date of termination; and (b) Employee’s Option Shares shall be deemed vested only through the date of such termination for Cause.  However, if a dispute arises between Employer and Employee that is not resolved within sixty (60) days and neither party initiates arbitration proceedings pursuant to Section 11.8, Employer shall have the option to pay Employee the lump sum of Six (6) months base of Employee’s Salary at the time of termination (the “Severance Payment”) rather than Employee’s Salary and Incentive Compensation through the date of termination, and Employee’s Option Shares shall continue to be deemed vested through the date of such termination for Cause.  Such determination to pay the Severance Payment in lieu of Employee’s Salary and Incentive Compensation shall be made in the reasonable judgment of the CEO.  If Employer elects to make a payment to Employee of the Severance Payment, the Parties hereto agree that such payment and the payment provided by Section 6.6 shall be Employee’s complete and exclusive remedy for such a termination for Cause.  For purposes of this Agreement, “Cause” shall mean: (i) any act of dishonesty or fraud with respect to Employer; (ii) the commission by Employee of a felony, a crime involving moral turpitude or other act causing material harm to Employer’s standing and reputation; (iii) Employee’s continued failure to perform Employee’s duties or complete tasks assigned by Employer after ten (10) days’ written notice thereof to Employee; or (iv) the actual conduct of, and not merely the allegation of, gross negligence or willful misconduct by Employee with respect to Employer; (v) failure to communicate or respond during any major system outage impacting a significant number of subscribers or resellers.

  

5

  

	
6.5  

	
WITHOUT CAUSE. This employment is considered “at-will” for a period of 90 days (“probationary period”). If after the probationary period, and during the Term of this Agreement, Employer terminates the Employee’s employment without Cause: Employee shall be entitled to receive, through the end of the Term of this Agreement, Employee’s Base Salary, payable in periodic installments on Employer’s regular paydays, at the rate then in effect.  The payments provided by Sections 6.5 and 6.6 shall be Employee’s complete and exclusive remedy for any termination without Cause.

	
6.6  

	
EFFECT OF TERMINATION ON UNUSED VACATION TIME:  Upon the termination of this Agreement for any reason whatsoever, Employee shall also have the right to receive any accrued but unused vacation time, and any benefits vested under the terms of any applicable benefit plans, and within the accrual limitations

	
7.  

	
NON-DISCLOSURE AND INVENTION AND COPYRIGHT ASSIGNMENT AGREEMENT. Employee’s employment is subject to the requirement that Employee sign observe and agree to be bound, both during and after Employee’s employment, by the provisions of Employer’s Non-Disclosure and Invention and Copyright Assignment Agreement, a copy of which is attached hereto as Addendum D.  Employee’s execution of the Non-Disclosure and Invention and Copyright Assignment Agreement is an express condition precedent to Employer’s obligations under this Agreement.  Employee further agrees to execute, deliver and perform, during the Term of Employee’s employment with Employer and thereafter, any other reasonable confidentiality and non-disclosure agreements concerning Employer and any of its affiliates and its business and products, which Employer promulgates for other key employees and executives.

	
8.  

	
RETURN OF EMPLOYER PROPERTY: Employee agrees that upon any termination of his employment, Employee shall return to Employer within a reasonable time not to exceed two (2) weeks, any of Employer’s property in his possession or under his control, including but not limited to, computer/office automation equipment, passwords, keys, electronic ID cards, records and names, addresses, and other information with regard to customers or potential customers of Employer with whom Employee has had contact or done business.

	
9.  

	
RELATIONSHIP OF PARTIES: The Parties intend that this Agreement create an employee-employer relationship between the Parties.

	
10.  

	
NOTICES:  All notices, required and demands and other communications hereunder must be in writing and shall be deemed to have been duly given when personally delivered or when placed in the United States Mail and forwarded by Registered or Certified Mail, Return Receipt Requested, postage prepaid, or when forwarded via reputable overnight carrier, addressed to the party to whom such notices is being given at the following address:

As to Employer:

Voice Assist, Inc.

Suite 100, 2 S. Point Dr.

Lake Forest, CA 92630

Attn: CEO.

As to Employee:

Vic Boyd

[Intentionally omitted]

  

6

  

Address Change: Any party may change the address(es) at which notices to it or him, as the case may be, are to be sent by giving the notice of such change to the other Parties in accordance with this Section 10.

11. MISCELLANEOUS:

	
11.1  

	
Entire Agreement.  This Agreement and the Addendums hereto contain the entire agreement of the Parties.  This Agreement may not be altered, amended or modified except in writing duly executed by both of the Parties.

	
11.2  

	
Assignment.  Neither party, without the written consent of the other party, can assign this Agreement.

	
11.3  

	
Binding.  This Agreement shall be binding upon and inure to the benefit of the Parties, their personal representative, successors and assigns and in the event of any subsequent merger, consolidation, or similar transaction by Employer, all rights of Employee shall continue and remain enforceable, at Employee’s election against any said successor or assign.

	
11.4  

	
No Waiver.  The waiver of the breach of any covenant or condition herein shall in no way operate as a continuing or permanent waiver of the same or similar covenant or condition.

	
11.5  

	
Severability.  If any provision of this Agreement is held to be invalid or unenforceable for any reason, the remaining provisions will continue in full force without being impaired or invalidated in any way.  The Parties hereto agree to replace any invalid provision with a valid provision which most closely approximates the intent of the invalid provision.

	
11.6  

	
Interpretation.  This Agreement shall not be construed more strongly against any party hereto regardless of which party may have been more responsible for the preparation of Agreement.

  

7

  

	
11.7  

	
Governing Law This Agreement shall be governed by and construed under the laws of the State of California, without reference to the choice of law principles thereof.

	
11.8  

	
Arbitration.

11.8.1 Any dispute or claim arising to or in any way related to this Agreement shall be settled by binding arbitration in Lake Forest, California but any dispute or controversy arising out of or interpreting this Agreement shall be settled in accordance with the laws of the State of California as if this Agreement were executed and all actions were performed hereunder within the State of California.  All arbitration shall be conducted in accordance with the rules and regulations of the American Arbitration Association ("AAA").  AAA shall designate an arbitrator from an approved list of arbitrators following both Parties' review and deletion of those arbitrators on the approved list having a conflict of interest with either party.  Each party shall pay its own expenses associated with such arbitration and except for Employer’s obligations under the Securities Exchange Act of 1934, the Parties agree to keep all such matters confidential.  A demand for arbitration shall be made within a reasonable time after the claim, dispute or other matter has arisen and in no event shall such demand be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter in question would be barred by the applicable statutes of limitations.  The decision of the arbitrators shall be rendered within 60 days of submission of any claim or dispute, shall be in writing and mailed to all the Parties included in the arbitration.  The decision of the arbitrator shall be binding upon the Parties and judgment in accordance with that decision may be entered in any court having jurisdiction thereof.

	
11.8.2  

	
The only claims or disputes excluded from binding arbitration under this Agreement are the following: any claim by Employee for workers’ compensation benefits or for benefits under an Employer plan that provides its own arbitration procedure; and any claim by either party for equitable relief, including but not limited to, a temporary restraining order, preliminary injunction or permanent injunction against the other party.

	
11.8.3  

	
This agreement to submit all Covered Claims to binding arbitration in no way alters the exclusivity of Employee’s remedy under Section 6.5 in the event of any termination without Cause or the exclusivity of Employee’s remedy under Section 6.4 in the event of any termination with Cause, and does not require Employer to provide Employee with any type of progressive discipline.

  

8

  

11.8.4  Titles.  Titles to the sections of this Agreement are solely for the convenience of the Parties and shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this Agreement.

11.8.5            Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but together which shall constitute one and the same instrument.

11.8.6  Exhibit A.  Exhibit A attached hereto, is an integral part of this Agreement is incorporated by reference herein.

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

Employer:                                                                           VOICE ASSIST INC.,

a Nevada corporation

By: _/s/Michael Metcalf____________

(signature)

Michael Metcalf

(Type/Print name)

         CEO

(Office held)

Employee:

By: _/s/Vic Boyd___________________

(signature)

     Vic Boyd

(Type/Print name)

  

9

  

ADDENDUM A

EMPLOYEE STOCK OPTION PLAN

This Employee Incentive Compensation Agreement (this “Agreement”) is entered into as of this 1st day of January, 2011, by and between Voice Assist, Inc., a Nevada corporation (the “Employer”), and Vic Boyd (“Employee”), as follows:

WHEREAS, it is in the best interest of Employer and Employee to enter into a continuing arrangement to cover annual Employee Incentive bonuses, and

WHEREAS, both Parties to this Agreement desire to memorialize various aspects of their relationship:

NOW, THEREFORE, the Parties hereby agree as follows:

	
1.

	
Addendum.  This Agreement is in an addendum to that certain Employment Agreement effective of even date herewith.

	
  

	 

	
2.

	
Signing Bonus.   Within sixty (60) days after the commencement of this Agreement, Employer shall pay to Employee a one-time signing bonus of five thousand (5,000) restricted common shares of stock issued at the fair market value as of the date of execution of this Agreement.

	
3.

	
Employee Incentive Bonus:

	
The Employee shall be entitled to participate in the Senior Management Stock Incentive Plan when and if such plan is formed and adopted by the company’s Board of Directors.  The Board’s determination of entitlement under such plan shall be at their sole and absolute discretion.

	
4.

	
Termination: Termination of employment with Employer, whether voluntary or involuntary, shall not affect any bonus earned but not paid.  If employment is terminated, a proportionate share of any bonus earned shall be paid to Employee on the next regular bonus payment date.

  

10

  

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

Employer:                                                                           VOICE ASSIST INC.,

a Nevada corporation

By: _/s/Michael Metcalf____________

(signature)

   Michael Metcalf

(Type/Print name)

         CEO

(Office held)

Employee:

By: __/s/Vic Boyd_________________

(signature)

     Vic Boyd

(Type/Print name)

  

11

  

ADDENDUM B

Job Description for Vic Boyd

Chief Information Officer

 

 

Job Title:                            CIO

Department:                            IT

Reports To:                            President

SUMMARY

The CIO serves as Chief Information Officer and has primary responsibility for planning, deploying and maintaining all information technology used to provide hosted speech services and all related communication services and reporting to end users and/or resellers of Voice Assist, Inc. and its subsidiaries and affiliates (“Voice Assist”).

The CIO is accountable for maintaining the highest possible uptime.

 

 

The CIO establishes and communicates all IT related policies, procedures and planned maintenance cycles necessary and appropriate to keep all systems in proper working condition.

The CIO manages and directs all IT related staff members and/or contractors to perform their duties in a professional and effective way or completes such tasks personally or through subordinate managers.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned

Plans the overall IT systems and budgets required to support the wholesale and retail subscriber counts as indicated in the business plan as amended from time to time.

Negotiates to obtain the best prices from vendors and manages all vendor relations and escalates problems as necessary to ensure uninterrupted service to Voice Assist subscribers and/or end users.

Documents and tracks all IT related assets at collocation centers and corporate offices and ensures compliance with all software licenses.

Develops and deploys security plans and systems to protect all customer data and related contacts, messages and billing information in order to remain in PCI compliance.

Deploys and manages firewalls, routers, encrypted databases and maintains confidentially and security of all passwords, IP addresses and other sensitive information to protect unwanted access by non-authorized persons.

Performs background checks on all IT staff members and/or contractors prior to giving any access to critical systems and/or data that could impact operations.

Interfaces with senior management to understand current goals and plans systems including all hardware and software necessary to maintain efficient operations.

Establishes data center road map and charts course to maintain state of the art systems.  Attends conferences and continuing education as necessary to maintain current industry knowledge of best practices and best cloud computing platforms used to deliver hosted speech services and related services.

Determines the appropriate IT organization structure and staffing responsibilities required to meet Voice Assist’s objectives.  Dispenses advice, guidance, direction, and authorization to carry out major plans, standards and procedures, consistent with established policies.

Reviews operating results of all switching systems, speech platforms, web servers, routers, firewalls, database servers and other systems to proactively predict problems and resolve issues prior to service interruption.

Maintains redundant systems, databases and oversees regular backups of critical databases, source code, object code, call records and other mission critical information.

Ensures efficient communication between Voice Assist staff members and key vendors, agents, resellers and others by maintaining internal communication servers and/or email servers, ACD systems and other internal technology used to communicate.

Fulfills responsibility to the CEO and Board of Directors to inform or seek approval for significant matters such as financing or capital expenditures

Ensures that Voice Assist technology, IT operations and electronic transactions are conducted in accordance with prevailing legal and regulatory requirements.

Represents Voice Assist with major resellers and\or customers and attend shareholder meetings if asked by the CEO.

Any other job, duty or task reasonably assigned from time to time by the CEO or the Board of Directors of Voice Assist.

 

 

 

 

 

 

 

ADDENDUM C

Approved Non-Voice Assist, Inc.

Business Activity Exemptions

 

Description of Business Activity

 

 

Any charitable work for a recognized 501 c 3 charitable cause

 

Any position or work performed in furtherance of the reasonable aims of any religious organization to which the Employee is associated.

 

Any part-time work that will not materially interfere with the conduct of completion of the Employee’s duties and responsibilities to Voice Assist.

 

Any work, function or position that, in the sole discretion of the CEO, is approved hereunder.

 

 

 

  

12

  

 

ADDENDUM D

 

EMPLOYEE NONDISCLOSURE AND INVENTION

 

AND

 

COPYRIGHT ASSIGNMENT AGREEMENT

 

In consideration of my employment by Voice Assist, Inc. or any of its subsidiaries and affiliates (“Employer”):

 

1.           I will promptly disclose to Employer in writing all discoveries, concepts and ideas, whether patentable or unpatentable, including but not limited to processes, designs, innovations, inventions, formulas, methods, and techniques, as well as improvements and know-how related thereto, made, conceived, reduced to practice or learned by me while in Employer’s employ, either solely or jointly with others during my employment (“Employer Inventions”).  This Agreement shall not apply to any Invention developed entirely on my own time without using Employer’s equipment, supplies, facilities or trade secret information, except for those items and inventions that either: (i) relate, at the time of conception or reduction to practice of the invention, to Employer’s business or any of the products or services being developed, manufactured or sold by Employer or which may conveniently be used in relation therewith, or actual, or demonstrably anticipated research or development of Employer, or (ii) result from any work performed by me for Employer.

 

THIS AGREEMENT DOES NOT APPLY TO ANY INVENTION WHICH QUALIFIES FULLY UNDER THE PROVISIONS OF CALIFORNIA LABOR CODE.

 

(a)           I hereby assign to Employer all of my right, title and interest in and to all such Employer Inventions and to applications for United States and/or foreign letters patent and to United States and/or foreign letters patent granted upon such Employer Inventions.

 

(b)           I will acknowledge and deliver promptly to Employer such written instruments and do such other acts, such as giving testimony in support of my inventorship as may be necessary in the opinion of Employer to obtain and maintain United States and/or foreign letters patent and to vest the entire right and title thereunto in Employer.

 

(c)           I agree that, except for works listed on the attached Schedule 1, which list the Employer and I may jointly add to from time to time, title to any and all copyrights, copyright registrations and copyrightable subject matter which occurs as a result of my employment by Employer shall be the sole and exclusive property of Employer, and that such works comprise works made for hire.  I hereby assign, and agree to assign, all of said copyrights to Employer.

 

(d)           I have listed on the attached Schedule 2, all unpatented, but potentially patentable, ideas and inventions conceived before my employment with Employer and which are exempt from the obligations of this Agreement.

 

(e)           In the event Employer is unable to secure my signature on any document necessary to apply for, prosecute, obtain, or enforce any patent, copyright, or other right of protection relating to any Employer Inventions, I hereby irrevocably designate and appoint Employer and each of its duly authorized officers and agents as my agent and attorney-in-fact to act for and in my behalf and stead to execute and file any such document and to do all other lawfully permitted acts to further the prosecution, issuance and enforcement of patents, copyrights or other rights or protections with the same force and effect as if executed and delivered by me.

2.           As a direct or indirect consequence of my employment with Employer, I have been and will/may be exposed to highly sensitive and confidential information (some of which I may in the past have, or may in the future, develop or contribute to) not generally, if at all, known or available to persons or entities not in some way affiliated with Employer and/or affiliates  (“Confidential Information”).  Confidential Information shall include, without limitation, all: (i) information that has or could have commercial value or other utility in the business in which Employer and its affiliates are engaged or contemplate engaging in; and (ii) all information the unauthorized disclosure of which could be detrimental to the interests of Employer and/or its affiliates, whether or not such information is identified as Confidential Information by Employer.  By example, and without limitation, Confidential Information includes:  financial statements and records, illustrations, prototypes, models, whether patentable or unpatentable, trade secrets, know-how, concepts and other data, trademarks, copyrights, design features, or configurations of any kind, procedures, demonstrations, methods, processes, uses, manufacturing information, techniques, formulas, improvements, research and development data, pamphlets, books, reports or other documents, inspection procedures, apparatuses, compounds, compositions, combinations, programs, software and works of authorships, whether discovered, conceived, developed, made or produced, research and development projects; strategic alliances; confidential information of other entities or companies with whom Employer or its affiliates may enter into joint ventures, strategic alliances or other business relationships; the identity of consultants and assistants; future advertising and marketing methods and plans; detailed sales and pricing information and formulas; budgets; product performance; sources of products; production and distribution methods or procedures; business methods, procedures and plans; licensing arrangements; customer product preferences and requirements; and, additional information relating to financial, marketing, technical, developmental and/or other business aspects, of Employer and/or Employer’s affiliates.  I agree and understand that any and all of the foregoing is considered by Employer to be of a highly confidential nature and as a trade secret.  The term “Confidential Information” shall not include any information obtained by me through (i) industry publications which are disseminated to or can be acquired by businesses in the industry, (ii) Dodge Reports and Dun & Bradstreet and any similar information services, (iii) any Chamber of Commerce or other trade association reports, or (iv) reports from governmental agencies.  In furtherance of the foregoing, I agree as follows:

 

(a)           To refrain from reproducing or making any summary, extract or abridgement of, other than in the regular course of business, or removing, any business record, document, schematic, drawing, instrument, component or any other item dealing with the Confidential Information without prior written consent therefor.

 

(b)           To refrain from discussing with any other person or persons, whether or not said persons are in the employ of Employer, any aspect of the Confidential Information, except as said discussions directly relate to completion of the particular task at hand and/or in compliance with instructions to do so.

 

(c)           To accept and maintain the Confidential Information on a confidential basis and to protect and safeguard same against unauthorized publication or disclosure.  I will not be justified in disregarding the obligation of confidentiality by selecting individual pieces of public information and fitting them together by use of integrated disclosure to contend that such Confidential Information is in the public domain.

 

(d)           Other than in furtherance of my employment with Employer, not to use, directly or indirectly, for my own or for my future employer’s advantage, any Confidential Information learned during my employment with Employer and which is not made publicly known (through no fault of mine).

 

(e)           Not to disclose, publicize, reveal or make available, directly or indirectly, any of the Confidential Information to any firm, person, or entity whatsoever, except for a disclosure which is required, if at all, by statute, order of court or otherwise by law, and then only after first advising Employer of such demand with reasonably sufficient advance notice, if possible, so as to afford Employer an opportunity to seek a protective order.

 

(f)           Upon termination of my employment, to turn over to a designated individual employed by Employer all property then in my possession, custody or immediate control belonging to Employer.  I will not retain any original, copy, summary or abridgement of any document which contains Confidential Information, including correspondence, memoranda, reports, calendars, contracts, notebooks, drawings, photos or other documents relating in any way to the affairs of Employer or to the affairs of its affiliated companies and which are entrusted to me or developed by me at any time during my employment with Employer, all of which, will be delivered to Employer immediately upon termination of my employment.

 

(g)           Not to interfere with the relationship between and/or among Employer and its consultants, agents, employees or others working on research and development projects or providing services or products to or for Employer, nor disclose the identity of said individuals and/or entities so long as not otherwise generally known in the trade.

 

 

3.           Notwithstanding the definition of “Confidential Information,” I understand that I shall not be liable for disclosure to any third party or use of any Confidential Information which: (i) at the time of disclosure or thereafter becomes a part of the public domain through no act or omission by me; (ii) has been independently generated, discovered or perfected by me and is listed on the attached Schedule 2; (iii) is subsequently and lawfully disclosed to me by a third party, which third party did not acquire the information under an obligation of confidentiality from or through Employer; or (iv) is required to be disclosed as a matter of law.

 

4.           I acknowledge and agree that the Confidential Information, and the strict confidentiality thereof, materially affects the successful conduct of Employer’s business and its goodwill; therefore, any breach of the terms of this Agreement by me is a material breach thereof, and may result in termination of my employment, the imposition of injunctive relief, and liability for damages sustained by Employer.  In furtherance of the foregoing, I agree to pay all costs, expenses and attorneys’ fees as incurred by Employer in the enforcement of this Agreement.

 

5.           No modification or waiver of this Agreement or any of its provisions shall be binding upon Employer unless made in writing and signed on behalf of Employer by one of its officers (other than me).  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision and such invalid or unenforceable provision shall be reformed to the extent possible in order to give its intended effect and/or meaning.  This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona.

 

6.           This Agreement together with my Employment Agreement with Employer supersedes any and all agreements between me and Employer with respect to the subject matter hereof.

 

7.           In the event of any controversy, dispute or claim arising out of or relating to this Agreement, the Employer and I agree as follows:

 

(a)           I acknowledge and agree that any breach by me of this Agreement, including but not limited to, disclosure of any information that, at law or in good conscience or equity, should remain confidential, may give rise to irreparable injury to Employer which will not be adequately compensable by damages.  Accordingly, Employer may seek and obtain injunctive relief against the breach or threatened breach of any of the foregoing undertakings, in addition to all other legal remedies, if any, that may be available.  I acknowledge and expressly agree that the covenants contained herein are necessary for the protection of the legitimate business interests of Employer and its affiliates and are reasonable in scope and content, and I hereby waive, to the maximum extent permitted by applicable law, any requirement that Employer or any other person post a bond in order to obtain equitable relief.

  

13

  

 

 

(b)           Except as otherwise set forth in subparagraph 7(a), all claims, disputes and other matters in controversy (collectively, “Dispute”) arising, directly or indirectly out of or related to this Agreement, or the breach thereof, whether contractual or noncontractual, and whether during the term or after the termination of this Agreement, shall be resolved exclusively according to the arbitration provisions of Section 11.8 of the Employment Agreement between me and Employer.

 

8.           The covenants and agreements undertaken herein shall survive termination of my employment.

 

I have read and fully understand the foregoing, and by affixing my signature below, I agree to be fully bound hereby.

 

Dated: 01/01/11___________________

 

Employee:

 

/s/Vic Boyd                                                      

 

Print Name: Vic Boyd

 

  

14

  

 

Schedule 1

 

to Addendum D

 

Copyrighted And Copyrightable Work Exempt From

 

This Employee Nondisclosure And Invention

 

And Copyright Assignment Agreement

 

Description of Work                                                                Employee’s Signature                                           Employer’s Signature

 

None                                                                    /s/Vic Boyd                                   /s/Michael Metcalf                               

      

 

 

  

15

  

 

Schedule 2

 

to Addendum D

 

Unpatented But Potentially Patentable

 

Ideas And Inventions

 

Conceived Prior To Employment With Employer

 

Description of Ideas & Inventions                                                                Employee’s Signature                                           Employer’s Signature

   

None                                                                          /s/Vic Boyd                                  /s/Michael Metcalf                             

 

 

 

  

  

16

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