Document:

EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

      Agreement made as of the 11th day of October, 2004, by and between Gilman
+ Ciocia, Inc. having an office at 11 Raymond Avenue., Poughkeepsie, NY 12603
(the "Company"), and Ted H. Finkelstein, an individual having an address at 4
Marina Drive, Mahopac, New York (the "Employee").

                              W I T N E S S E T H:

      WHEREAS, the Company will employ the Employee to serve as an employee of
the Company at the corporate office of the Company located at 11 Raymond Avenue,
Poughkeepsie, New York 12603 (the "Office"), in accordance with the terms
hereof.

      NOW, THEREFORE, In consideration of the promises and the mutual covenants
contained herein, the sufficiency of which is hereby acknowledged, the parties
hereby agree as follows:

      1. Employment. The Company hereby employs the Employee as Associate
General Counsel of the Company, and the Employee hereby accepts such employment.
The Employee will perform his duties as an employee of the Company under the
supervision and direction of the duly appointed officers and directors of the
Company.

      2. Term. The term of this agreement shall commence on the date hereof and
shall continue thereafter for a period of three (3) years.

      3. Employees Duties, Promises and Responsibilities.

            (a) The duties of the Employee shall be to serve as Associate
General Counsel, including but not limited to all legal matters assigned to him
by the Company's General Counsel.

            (b) The Employee shall serve the Company loyally, faithfully and to
the best of his abilities.

            (c) The Employee shall at all times perform his duties in strict
accordance with the Company's employee manuals applicable to all G+C employees
and in accordance with all applicable laws, rules and regulations.

            (d) The Employee shall not engage in any business activity that
materially interferes with the performance of his obligations under this
Agreement.

            (e) Because of Employee's position with the Company, he may become
privy to information about the Company and its affiliates considered "insider
information" as defined by applicable securities laws. Therefore, and in
addition to complying with the applicable Laws and Rules governing insider
trading, during a Black-Out Period (as defined by the Company from time to time)
he shall not recommend the purchase or sale of any security issued by the
Company (NASDAQ: GTAX) to any person, or effectuate the purchase or sale of any
security issued by the Company in his own account.

            4. Hours, Compensation and Benefits.

            (a) The Employee shall work at the Office three (3) days per week,
for approximately nine (9) hours per day.

            (b) The Employee shall be paid an annual salary of $100,000 on a
bi-weekly basis.

            (c) During the Term, the Employee shall be entitled to participate
fully in such employee stock option plans or employee stock purchase plans
applicable to employees of the Company, if any and as amended from time to time.

            (d) The Employee shall receive health insurance as is made available
to other employees of the Company.

            (e) The Company shall allow the employee to participate in its 401K
Plan, on terms and conditions similar to those offered to other Company
employees.

            (f) The Employee shall be reimbursed for reasonable expenses
incurred on behalf of the Company.

                                       1
<PAGE>

            (g) The Employee shall be entitled to twelve (12) vacation days per
year which cannot be accumulated from year to year and will not be paid for if
not used. The Employee will not be entitled to or paid for sick or personal days
or for holidays.

      5. Termination of Employment.

            (a) The Company may at any time terminate this Agreement and the
Employee's employment hereunder by written notice to the Employee effective
immediately upon delivery.

            (b) The Employee may terminate his employment hereunder by written
notice, effective 30 business days after delivery to the Company, provided that
the Employee shall be required to perform all of his obligations hereunder
during such 30 business days.

      6. Severance Payments

            (a) In the event that the Company terminates the Employee for any
reason other than for "Proper Cause", then for six (6) months from the date of
termination, the Company shall continue to pay to the Employee his regular
salary being earned on the date of termination and continue to pay to or for the
Employee all employee benefits being paid to or for the Employee on the date of
termination (the "Severance Payments"). However, in the event that the notice of
termination is delivered prior to October 1, 2005, then the severance payments
shall be computed at an annual salary of $160,000. In addition, if the notice of
termination is delivered after April 1, 2006, the Severance Payments shall only
be for three (3) months.

            (b) The following shall constitute "Proper Cause":

                        (i) The Employee shall commit any act whether or not
            involving the Company that constitutes a felony in the jurisdiction
            involved.

                        (ii) The Employee engages in repeated substance abuse.

                        (iii) The Company's Board of Directors, after due
            inquiry and providing the Employee with a reasonable opportunity to
            be heard, shall have determined that the Employee committed willful
            malfeasance or gross misconduct in the performance of his duties or
            has committed a material act of fraud or dishonesty against the
            Company.

                        (iv) The Employee's death.

            (c) Proper Cause shall not include the Employee's refusal to work at
a corporate office located more than a 50 mile radius from Mahopac, NY or in New
York City.

      7. Releases

            (a) Except for matters constituting Proper Cause, upon the
termination of the Employee's employment, the Company will release and discharge
the Employee, his heirs, executors, administrators, successors and assigns from
all actions, causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies,
agreements, promises, variances, trespasses, damages, judgments, extents,
executions, claims, and demands whatsoever, in law, admiralty or equity, which
against the Employee, the Company and its successors and assigns have by reason
of any matter, cause or thing whatsoever through the date that the Employee's
employment is terminated.

            (b) Upon payment in full by the Company of the Severance Payments
and all other amounts due from the Company to the Employee, and upon the
delivery to the Employee of all shares of Company stock due from the Company to
the Employee , the Employee will release and discharge the Company, and its
successors and assigns from all actions, causes of action, suits, debts, dues,
sums of money, accounts, reckonings, bonds, bills, specialties, covenants,
contracts, controversies, agreements, promises, variances, trespasses, damages,
judgments, extents, executions, claims, and demands whatsoever, in law,
admiralty or equity, which against the Company, the Employee and his heirs,
executors, administrators successors and assigns have by reason of any maker,
cause or thing whatsoever through the date that the Employee's employment is
terminated.

                                       2
<PAGE>

      8. Non-Disclosure of Confidential
         Information and Non-Competition.

            (a) The Employee acknowledges that he has been informed that it is
the policy of the Company to maintain as secret and confidential all
information, except such information as is or becomes widely publicly known or
publicly available other than through the action of the Employee, (i) relating
to the products, processes and/or systems used by the Company and (ii) relating
to the suppliers, customers, Clients and employees of the Company (all such
information hereafter referred to as "Confidential Information"), and the
Employee further acknowledges that such Confidential Information has been
assembled at great cost to the Company, through the expenditure of extensive
resources of the Company over a long period and is of great value to the
Company. The parties hereto recognize that the services to be performed by the
Employee are special and unique, and that by reason of his employment by the
Company, he has and will acquire Confidential Information as aforesaid. The
parties hereto confirm that it is reasonably necessary to protect the Company's
goodwill that the Employee agree, and accordingly the Employee does agree, that
he will not directly or indirectly (except where authorized by the Company), for
or on behalf of himself or any Person (hereinafter defined):

                        (i) at any time divulge, except where required by law,
            in which case, if practicable and lawful, after notice to the
            Company, to any Person other than the Company (hereinafter referred
            to collectively as a "third party"), or use or cause to authorize
            any third parties to use, any such Confidential Information, or any
            other information regarded as confidential and valuable by the
            Company, except such information as is or becomes widely publicly
            known or publicly available other than through the action of the
            Employee, that he knows or should know is regarded as confidential
            and valuable by the Company (whether or not any of the foregoing
            information is actually novel or unique or is actually known to
            others and whether or not the Confidential Information is labeled as
            confidential); or

                        (ii) at any time during his employment by the Company
            and for a period of two years after he ceases to be engaged by the
            Company, employ or otherwise obtain services from, or solicit or
            otherwise attempt to employ or otherwise obtain services from, or
            assist any Person in employing or otherwise obtaining services from,
            or attempt to employ or otherwise obtain services from, any person
            who is then, or at any time during the preceding twelve months shall
            have been, in the employ of or retained by the Company and/or its
            affiliates; or

                        (iii) at any time during his employment by the Company
            and the applicable period thereafter specified in each of the
            clauses above, negotiate for or enter into an agreement,
            understanding or arrangement, or otherwise knowingly or
            intentionally cause or authorize any Person, to take any of the
            actions prohibited by such clause.

            (b) As used herein, the term "Person" means any person, corporation,
limited liability company, partnership, trust or other entity. This Section
shall be assignable by the Company in a sale of all or substantially all of the
assets of the Company and shall apply to the continuing business conducted with
such transferred assets and replacements thereof.

            (c) The Employee shall not copy any Confidential Information except
as needed to perform his duties, and if he does make copies, he shall make the
copies only on the property of the Company. Upon ceasing employment with the
Company for any reason, the Employee shall:

                        (i) Immediately deliver to the Company all copies of any
            and all drawings, notebooks, phone books, address books, customer or
            supplier lists, and other documents and materials, or copies
            thereof, on any media and in any form (including magnetic discs,
            compact discs or other computer-readable formats, copies of which
            shall be delivered in similar electronic format), in Employee's
            possession or under his control that contains or otherwise embodies
            Confidential Information; and

                        (ii) After a period of ten days, deliver to the Company
            a sworn affidavit stating that all copies on any medium containing
            any Confidential Information have been returned, except to the
            extent recorded on computer hard drives or similar media, which have
            been deleted.

            (d) The Employee agrees that any breach or threatened breach by him
of any provision of this Section will, because of the unique nature of his
services and the Confidential Information he has been entrusted with, will cause
irreparable harm to the Company. Accordingly, the Employee agrees that the
Company is entitled, at its option, in addition to or in lieu of the damages and
any other legal remedies available to it, to apply to any court of competent
jurisdiction to enjoin his/her breach or threatened breach, without having to
prove irreparable harm or to post any bond or other security.

                                       3
<PAGE>

            (e) The Employee and the Company understand and intend that each
restriction to which he has agreed above, and the damages and injunctive relief
provided, shall be construed as separable and divisible from every other
restriction, and the unenforceability, in whole or in part, of any such
restriction, shall not affect the enforceability of the remaining restrictions
and that one or more or all of such restrictions may be enforced in whole or in
part as the circumstances warrant. Furthermore, if any of the above
restrictions, monetary damages or injunctive relief are deemed by a court or
arbitrator, as the case may be, to be unenforceable, that restriction shall
automatically, and without further action of either the Employee or the Company,
be revised to limit its enforcement, scope and/or duration to the extent, but
only to the extent, necessary to make that restriction monetary damages, or
injunctive relief enforceable.

      9. Employee's Promissory Note. The Company presently owes the Employee the
principal sum of $175,000 pursuant to the terms of a Promissory Note (the
"Note") dated December 23, 2003. The present $175,000 principal balance of the
Note and all unpaid interest (the "Balance") is due and payable by the Company
on or before December 31, 2004. The parties agree that the December 31, 2004
maturity date shall be extended as follows: $58,333.33 of principal shall be
paid on or before March 15, 2005; $58,333.33 of principal shall be paid on or
before April 15,2005; and $58,333.33, and all unpaid interest, shall be paid on
or before May 15, 2005 (the "Principal Payments"). Monthly interest payments on
outstanding principal at 10% per year shall continue to be paid on the first day
of each month as provided in the Note. In the event that the Company does not
make any of the Principal Payments within thirty (30) days from its due date,
then in addition to the Employee's rights under the Note, upon written notice
from the Employee, Prime Partners, Inc. agrees that it will purchase the Note
from the Employee, or find another Person to purchase the Note, for the then
Balance on or before sixty (60) days from the due date of the unpaid Principal
Payment. Prime Partners, Inc. is executing this Employment Agreement to agree to
this provision.

      10. Employee as an Officer. Upon the appointment by the Company of a new
general counsel, upon request of the Company, the Employee will submit his
resignation as an officer of the Company and all of its subsidiaries.

      11. Entire Agreement. This Agreement contains the entire understanding of
the parties with respect to the subject matter hereof and supersedes any prior
agreement between the parties. No change, termination or attempted waiver of any
of the provisions hereof shall be binding unless in writing and signed by the
party against whom the same is sought to be enforced. No action by either party
shall be deemed a waiver of any right hereunder, and no waiver of any right at
any time shall operate as a waiver of any other right or as a waiver of such
right at any other time.

      12. Successors and Assignee. This Agreement shall be binding upon and
shall inure to the benefit of the respective heirs, legal representatives,
successors and assigns of the parties hereto, except that the Employee may not
assign his duties hereunder.

      13. Governing Law. All matters concerning the validity and interpretation
of and performance under this Agreement shall be governed by the laws of the
State of New York, without giving effect to its conflict of laws provisions.

      14. Arbitration and Litigation. Any controversy or claim arising out of or
related to this Agreement or any breach of this Agreement, including claims of
employment or other discrimination by the Employee against the Company, shall be
commenced, prosecuted and resolved in Dutchess County, New York by arbitration
before a single arbitrator in accordance with the Commercial Arbitration Rules
of the American Arbitration Association then in effect, and judgment upon any
award rendered by the arbitrator may be entered in any court having jurisdiction
thereof. The prevailing party in any arbitration shall receive reasonable
attorney's fees, costs and disbursements from the other party. Not withstanding
the foregoing, if the Company elects to enforce its rights under Section 8 of
this Agreement, the Company may commence an action in New York State Supreme
Court, Dutchess County, and the Employee irrevocably consents to the
jurisdiction and venue of such court.

      15. Notices. All notices or other communications which are required or
permitted hereunder shall be in writing and sufficient when delivered personally
or telecopied by confirmed facsimile, or the day signed for or rejected by
addressee after mailing by registered or certified mail, return receipt
requested, or the next business day if sent by nationally recognized overnight
courier providing for a return receipt, in each case postage prepaid, addressed
to the addresses in the preamble. Any party may by notice change the address to
which notice or other communications to it are to be delivered or mailed,
effective ten (10) days after such notice

      16. Severability. The invalidity or unenforceability of any particular
provision of this Agreement in any jurisdiction shall not affect any other
provision of this Agreement (or that same provision in other jurisdictions), and
this Agreement shall be construed in that jurisdiction in all respects as if the
invalid or unenforceable provisions were omitted. Furthermore, in lieu of that
illegal, invalid, or unenforceable provision in such jurisdiction there shall be
added automatically as a part of this Agreement a provision as similar in terms
to the illegal, invalid, or unenforceable provisions as may be possible and be
legal, valid and enforceable.

                                       4
<PAGE>

      IN WITNESS WHEREOF, the Employee has executed this Agreement and the
Company has caused this Agreement to be executed by its duly authorized officer
as of the date first above written.

GILMAN + CIOCIA, INC.

By: /s/ Michael P. Ryan                    /s/ Ted H. Finkelstein
    -----------------------------          -----------------------------
    Michael P. Ryan, President             Ted H. Finkelstein

As to Section 9 only:

PRIME PARTNERS, INC.

By: /s/ Michael P. Ryan
    -----------------------------
    Michael P. Ryan, President

                                       5EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

         THE RICEX COMPANY, a Delaware corporation ("Employer"), and Karen B.
Halliburton ("Employee"), agree as follows, effective as of July 12, 2004 (the
"Effective Date").

         1.   EMPLOYMENT. Employee is employed as Senior Vice President of
Global Strategic Operations of Employer, reporting directly to the Chief
Executive Officer. In this capacity, Employee shall perform such customary,
appropriate and reasonable executive duties as are usually performed by a Senior
Vice President of Global Strategic Operations and special confidential executive
advisor to the Chief Executive Officer for domestic and international strategic
market systems and related operations, including R&D, production, market
development, administrative, governmental, and public relations matters, in
addition to such other duties and responsibilities as the Chief Executive
Officer of the Employer shall designate and are not inconsistent with Employee's
position with Employer, including the performance of duties with respect to any
subsidiaries of Employer.

         2.   TERM. This Agreement shall be effective as of July 12, 2004 (the
"Effective Date"). The term of employment under this Agreement shall be for a
period of approximately five (5) years commencing on the Effective Date and
shall terminate five years from that date, unless terminated earlier pursuant to
Section 7 hereof. At the end of the initial five-year term, this Agreement shall
thereafter be renewed automatically for succeeding five-year terms, unless
either party gives written notice to the other at least ninety (90) days prior
to the expiration of the initial term (or, if applicable, any extended term) of
his or its election not to extend such employment for the subsequent term.

         3.   COMPENSATION. Employer shall pay Employee a base pay ("Base
Salary") of One Hundred Fifteen Thousand Dollars ($115,000) per year. The Base
Salary shall be reviewed at least annually, and shall be adjusted to compensate
for cost of living adjustments in the Sacramento metropolitan area. Salary
payments will be payable in periodic installments in accordance with Employer's
pay schedule, but not less than twice per month. Additional increases, if any,
shall be within the sole discretion of the Chief Executive Officer of Employer.
Participation in salary continuation, deferred compensation, discretionary
bonus, retirement, and other employee benefit plans and fringe benefits shall
not reduce the base salary payable to Employee under this Section 3.

              a.   VACATION AND SICK LEAVE. Employee shall be entitled to four
weeks of vacation each calendar year. Employee's vacation shall accrue at the
rate of thirteen and one-thirds (13-1/3) hours per month but in no event shall
Employee's total accrued vacation exceed eight (8) weeks. Employee shall be
entitled to sick leave in accordance with Employer's sick leave policy.

<PAGE>
         4.   BUSINESS EXPENSES. During the term of this Agreement to the extent
that such expenditures satisfy the criteria under the Internal Revenue Code for
deductibility by Employer (whether or not fully deductible by Employer) for
federal income tax purposes as ordinary and necessary business expenses,
Employer shall reimburse Employee promptly for reasonable business expenditures,
including travel, entertainment, lease (or equivalent installment purchase
payments not to exceed $800.00 per month) of an automobile acceptable to
Employee and all expenses associated therewith, parking, business meetings and
professional dues made and substantiated in accordance with policies, practices
and procedures established from time to time by Employer generally with respect
to other senior employees and incurred in the pursuit and furtherance of
Employer's business and good will. At the conclusion of this Agreement, Employer
will gift the automobile to Employee.

         5.   CHANGE IN CONTROL. If there should occur a "Change in Control" of
Employer (or any successor), as defined below, then Employee, without limitation
on any other rights hereunder, may, within six (6) months after first receiving
notice (which may be oral) of such event, elect to retire from service to
Employer and to render, on a non-exclusive basis, only such consulting and
advisory services to Employer as Employee may reasonably accept. Any such
consulting and advisory services and the conditions under which they shall be
performed shall be fully in keeping with the position or positions Employee held
under this Agreement. In the event of such election by Employee, the salary,
bonus and benefits to which Employee is entitled under this Agreement shall be
discontinued as of the later of (i) six (6) months after the date of such
election, or (ii) subsequent full-time employment with another enterprise,
provided that in any event such payments shall be discontinued twelve (12)
months after the occurrence of the "Change in Control."

         If a "Change in Control" occurs and Employee is terminated or is not
employed in the same capacity or is not paid the same Base Salary by the new
entity, then Employee shall receive a severance payment equal to the greater of
one year of Employee's Base Salary or the Base Salary payable to Employee for
the remainder of the term of this Agreement, in each case including all unused
vacation, earned bonuses and other benefits, if any, which are accrued, owing
and unpaid at the date of termination. In addition, if a "Change in Control"
occurs and Employee is terminated or is not employed in the same capacity or is
not paid the same Base Salary by the new entity, Employer agrees to continue
Employee's medical/dental/vision insurance benefits as provided by Section 6
hereof from the effective date of the "Change in Control" until the end of the
severance payment period.

         For purposes of the foregoing provisions, a "Change in Control" means,
and shall be deemed to have taken place, if: (i) a change in management has
occurred, (ii) any person or entity or group of affiliated persons or entities,
including a group which is deemed a "person" by Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), after the date
hereof first acquires in one or more transactions, at least one of which is
after the date of this Agreement, ownership of 50% or more of the outstanding
shares of any class of stock then entitled to vote in the election of directors
of Employer, and (iii) as a result of, or in connection with, any such
acquisition or any related proxy contest, cash tender or exchange offer, merger
or other business combination, sale of all or substantially all of the assets of
Employer or any combination of the foregoing transactions (other than a
transaction unanimously approved by the

                                        2
<PAGE>
members of the Board of Directors voting thereon), hereinafter referred to as a
"Transaction," the persons who were directors of Employer immediately before the
acquisition shall cease to constitute three-fourths of the membership of the
Board of Directors or any successor to Employer during the period commencing
with the consummation of the Transaction and ending on the first to occur of the
first anniversary of such date or the conclusion of the next meeting of
shareholders to elect directors, except to the extent that any new directors
during such period were elected or nominated by at least three-fourths of such
persons (or new directors who were so nominated or elected). "Ownership" means
beneficial or record ownership, directly or indirectly, other than (i) by a
person owning such shares merely of record (such as a member of a securities
exchange, a nominee, or a securities depositary system), (ii) by a person as a
bona fide pledgee of shares prior to a default and determination to exercise
powers as an owner of the shares, (iii) by a person who is not required to file
statements on Schedule 13D by virtue of Rule 13d-1(b) of the Securities and
Exchange Commission under the Exchange Act, or (iv) by a person who owns or
holds shares as an underwriter acquired in connection with an underwritten
offering pending and for purposes of their public resale or planned private
placement in increments of less than such 50% amount. Without limitation, the
right to acquire ownership shall not of itself constitute ownership of shares.

         6.   PARTICIPATION IN RETIREMENT AND EMPLOYEE BENEFIT PLANS. Employee
shall be entitled to a grant of options to purchase 200,000 shares of Employer's
common stock, valued at the market rate for such stock on date of grant, which
shall be the date of commencement of employment. Such stock shall be issued as
soon as practicable after the execution of this Agreement pursuant to Employer's
1997 Stock Option Plan. Employee also shall be entitled to participate in any
other plan of Employer relating to stock options, stock purchases, pension,
salary continuation, thrift, profit sharing, life insurance, medical coverage,
education, or other retirement or employee benefits that Employer may adopt or
maintain from time to time for the benefit of its executive employees, and shall
be entitled to participate in any other fringe benefits that become applicable
to Employer's executive employees. Nothing in this Agreement shall limit
Employer's ability to adopt, terminate or amend any such benefits at any time;
provided however, the aggregate amount of benefits provided to Employee shall
not be decreased from the amount being provided on the date hereof.

         7.   TERMINATION. The Employee's employment may be terminated under the
following circumstances:

              a.   DEATH OR DISABILITY. The Employee's employment hereunder
shall terminate upon his death or upon his Disability. For purposes of this
Agreement, Disability shall mean commencement of benefits to the Employee based
on full disability as defined under Employer's group disability insurance
policy, if any, in effect at the time of that event; and in the absence of any
such policy, the absence of the Employee from full time performance of his
duties for a period in excess of one hundred eighty (180) consecutive days due
to incapacity of the Employee from physical or mental illness.

              b.   CAUSE. Employer may terminate Employee's employment for
Cause. For purposes of this Agreement, "Cause" shall mean Employee's conviction
by, or entry of a plea of guilty or nolo contendere in a court of competent and
final jurisdiction for a felony which

                                        3
<PAGE>
involves moral turpitude or the final adjudication that Employee has committed
an act of fraud upon Employer.

              c.   TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. Notwithstanding
any other provision of this Section 7, Employer shall have the right to
terminate Employee's employment with Employer without Cause, and Employee may
terminate his employment with Employer for Good Reason. If Employee is
terminated by Employer without "Cause," or if Employee terminates this Agreement
for "Good Reason," or if Employer gives notice as provided in Section 2 of its
election not to renew this Agreement after expiration of the initial term (or,
if applicable, any extended term), then Employee shall receive a severance
payment equal to the greater of one year of Employee's Base Salary or the Base
Salary payable to Employee for the remainder of the term of this Agreement
(except if the termination is due to Employer's election not to renew this
Agreement, the severance payment shall be limited to one year of Employee's Base
Salary), in each case including all unused vacation, earned bonuses, and other
benefits, if any, which are accrued, owing and unpaid at the date of
termination. In addition, in such event Employer agrees to continue Employee's
medical/dental/vision insurance benefits as provided by Section 6 hereof from
the effective date of such termination until the end of the severance payment
period. For the purposes of this Agreement, "Good Reason" shall mean (1) a
reduction in Employee's base salary; or (2) a material demotion; or (3) a
material reduction in Employee's responsibilities or authority; or (4) an
involuntary relocation of the place of Employee's employment with Employer more
than twenty (20) miles away from El Dorado Hills (excluding business travel
consistent with Employee's duties to Employer); or (5) any material breach of
this Agreement by Employer which, in each of the cases described in causes (1)
through (5), above, is not cured within fifteen (15) days after Employee gives
written notice to Employer stating the nature of the claimed breach.

              d.   TERMINATION DUE TO EMPLOYEE'S DEATH OR DISABILITY. If
Employee's employment with Employer terminates due to his death, then Employer
shall continue to pay the base salary, bonus and benefits payable to Employee
for twelve (12) months. If Employee's employment with Employer terminates due to
his Disability, Employer shall pay Employee the base salary, bonus and benefits
payable to Employee for twelve (12) months, reduced by any monies paid to
Employee through Employer-sponsored disability coverage. In either event,
Employer shall also pay Employee all salary, unused vacation, earned bonuses,
and other benefits, if any, which are accrued, owing and unpaid at the date of
termination.

              e.   TERMINATION FOR CAUSE OR WITHOUT GOOD REASON. If Employer
terminates Employee's employment with Employer for Cause, or if Employee resigns
his employment with Employer without Good Reason, then Employer shall pay
Employee all salary, unused vacation, earned bonuses, and other benefits, if
any, which are accrued, owing and unpaid at the date of termination.

              f.   EXCLUSIVE REMEDY. Employee agrees that the payments expressly
provided and contemplated by this Agreement shall constitute the sole and
exclusive obligation of Employer in response of Employee's employment with and
relationship to Employer and that the payment thereof shall be the sole and
exclusive remedy for any termination of Employee's employment. Employee
covenants not to assert or pursue any other remedies, at law or in

                                        4
<PAGE>
equity, with respect to any termination of employment. Employer shall be
entitled to require, as a condition of payment of the sums due upon termination,
that Employee execute and deliver, and (if revocation is otherwise allowed under
federal age discrimination law) not revoke for seven days, a general release by
Employee in form and content satisfactory to Employer in which Employee releases
Employer and its affiliates from all claims and liabilities that may relate to
Employee's employment by Employer and/or arise under any state of federal laws
relating to employment. This release shall not excuse or impair timely payment
by Employer of any sums due under this Agreement.

              g.   NOTICE OF TERMINATION. Any purported termination of
Employee's employment by Employer or by him shall be communicated by written
Notice of Termination to the other party hereto in accordance with Section 7.
"Notice of Termination" shall mean a notice that shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of Employee's employment under the provision so indicated.

              h.   DATE OF TERMINATION. "Date of Termination" shall mean (1) if
Employee's employment is terminated by his death or Disability, the date of his
death or date of determination of his Disability; (2) if Employee's employment
is terminated by Employer for Cause, the date specified in the Notice of
Termination (which shall not be less than ten (10) days from the date such
Notice of Termination is given), and (3) if Employee's employment is terminated
for any other reason, the date specified in the Notice of Termination.

         8.   NO ASSIGNMENTS.

              a.   This Agreement is personal to each of the parties hereto. No
party may assign or delegate any rights or obligations hereunder without first
obtaining the written consent of the other party hereto; provided that in the
case of Employer such rights and obligations shall inure to the benefit of and
be binding upon any successor corporation or entity with which Employer may be
merged or otherwise combined or which may acquire Employer's assets in whole or
substantial part.

              b.   This Agreement shall inure to the benefit of and be
enforceable by Employee and his personal or legal representatives, executors,
administrators, successors, heirs, distributees, devises and legatees. If
Employee should die, payments due to Employee hereunder shall be paid in
accordance with the terms of this Agreement to his devisee, legatee or other
designee or, if there is no such designee, to his estate, unless otherwise
provided herein.

         9.   NOTICE. Whenever the service or the giving of any document or
consent by or on behalf of any party hereto upon any other party is herein
provided for, or becomes necessary or convenient under the provisions of this
Agreement or any document related hereto, a valid and efficient service of such
document shall be effected by delivering the same in writing to such party in
person, by Federal Express or other reputable courier, by facsimile, or by
sending the same by registered or certified mail, return receipt requested, and
shall be deemed received upon personal delivery if delivered personally; by
Federal Express or other reputable courier or by

                                        5
<PAGE>
facsimile, or four (4) business days after deposit in the mail in the United
States, postage prepaid, addressed to the person to receive such notice or
communication at the following address:

                  Company:          The RiceX Company
                                    1241 Hawk's Flight Court
                                    El Dorado Hills, CA  95762
                                    Telephone:  (916) 933-3000
                                    Facsimile:  (916) 933-3232

                  Employee:         Karen B. Halliburton

                                    _______________________________

                                    _______________________________

                                    Telephone:  (____) ____________

                  Notice of change of address shall be given by written notice
in the manner detailed in this Section 9.

         10.  NONCOMPETITION; CONFIDENTIAL INFORMATION. As a condition to his
employment by Employer, Employee shall execute and deliver to Employer a
Confidential Information Agreement in the form of EXHIBIT "A" attached hereto.

         11.  HEADINGS. The headings of this Agreement are included for purposes
of reference and convenience only and shall not limit or otherwise affect the
construction or interpretation of any of the provisions of this Agreement.

         12.  SEVERABILITY. In the event any portion of this Agreement shall be
declared by any court of competent jurisdiction to be invalid, illegal or
unenforceable, such portion shall be deemed severed from this Agreement, and the
remaining parts hereof shall remain in full force and effect, as fully as though
such invalid, illegal or unenforceable portion had never been a part of this
Agreement.

         13.  ENFORCEMENT. This Agreement shall be interpreted in accordance
with the laws of the State of California and will be adjudicated in the Superior
Court of California in and for the County of El Dorado. In the event of any
dispute concerning any aspect of the obligations of Employer under this
Agreement, Employer or its successor shall reimburse Employee all attorney fees
and costs incurred by Employee in connection with adjudication of such matters.

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

         15.  ENTIRE AGREEMENT; MODIFICATION. This Agreement, including all
exhibits, constitutes the entire agreement between the parties hereto pertaining
to the subject matter hereof and supersedes all prior and contemporaneous
agreements and understandings of the parties in connection herewith. No
supplement, modification or amendment of this Agreement shall be effective
unless executed in writing by the parties hereto.

                                        6
<PAGE>
                         [SIGNATURES ON FOLLOWING PAGE]

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

                                "EMPLOYER"

                                THE RICEX COMPANY
                                a Delaware corporation (the "Company")

                                By:  /s/ TERRENCE BARBER
                                     -------------------------------------------
                                     Terrence Barber
                                     Its: Chief Executive Officer

                                By:  /s/ TODD C. CROW
                                     -------------------------------------------
                                     Todd C. Crow
                                     Its: Chief Financial Officer

                                "EMPLOYEE"

                                     /s/ KAREN B. HALLIBURTON
                                     -------------------------------------------
                                     Karen B. Halliburton

                                        7
<PAGE>
                                   EXHIBIT "A"
                                   -----------

                       CONFIDENTIAL INFORMATION AGREEMENT

<PAGE>
                       CONFIDENTIAL INFORMATION AGREEMENT
                       ----------------------------------

         PLEASE READ CAREFULLY: THIS DOCUMENT CONTAINS ASSIGNMENTS OF INVENTIONS
AND COPYRIGHTS, AND OTHER IMPORTANT PROVISIONS RELATING TO LEGAL RIGHTS.

         This Confidential Information Agreement (the "Agreement") is entered
into as of July 12, 2004 between The RiceX Company, a Delaware corporation
("Employer") and Karen B. Halliburton (referred to below as "I").

         While serving as an employee, independent contractor, director or other
capacity with Employer (referred to, as the case may be, as "relationship"
below), I may have access to information about Employer or its business. I
acknowledge that Employer has a legitimate interest in keeping this information
confidential in order to maximize Employer's business opportunities. I confirm
my intention to protect this information against unauthorized use. Therefore, in
consideration of my relationship with Employer and other legal and adequate
consideration, the receipt of which is hereby acknowledged, I agree for the
benefit of Employer that:

1.       PROVISIONS RELATED TO TRADE SECRETS

         (a)  PROPRIETARY INFORMATION. As used in this Agreement, "Proprietary
Information" means the following, whether now or later owned or existing,
whether or not marked "confidential," and however embodied or stored: (1) any
information (including without limitation any formula, pattern, compilation,
program, device, method, technique or process) relating to or owned by Employer
that derives independent economic value, actual or potential from not being
generally known to the public or to other persons who can obtain economic value
from its disclosure or use, and (2) any other invention, trade secret, knowledge
or information pertaining to Employer or Employer's existing or prospective
businesses, customers, suppliers, and others with whom Employer does or intends
to do business, which relates to products, services, processes, know-how,
designs, formulas, methods, work in process, improvements, discoveries, plans
for research, software programs, source or object codes, algorithms, data,
techniques, marketing, selling, business plans, budgets, unpublished financial
statements, licenses, prices, costs, employee skills or compensation, or other
matters.

         (b)  TRUST. I acknowledge that Employer possesses and will continue to
develop and acquire valuable Proprietary Information, including information that
I may develop or discover as a result of my relationship with Employer. The
value of that Proprietary relationship Information depends on it remaining
confidential. Employer depends on me to maintain that confidentiality, and I
accept that position of trust.

         (c)  PROHIBITED USE/DISCLOSURE. I will not disclose or use at any time,
either during or after my relationship with Employer, any Proprietary
Information except for the exclusive benefit of Employer as required by my
duties for Employer or as Employer expressly may consent to in writing. I will
cooperate with Employer and use my best efforts to prevent the unauthorized
disclosure, use or reproduction of Proprietary Information, except as expressly
authorized by Employer.

                                       A-1
<PAGE>
         (d)  RETURN OF INFORMATION. Upon the end of my relationship with
Employer for any reason, I immediately will deliver to Employer all tangible,
written, graphical machine readable and other materials (including all copies)
in my possession or under my control containing or disclosing Proprietary
Information.

         (e)  WAIVERS. I waive all claims and defenses I might otherwise have to
assert that Employer's procedure or lack of procedure to protect Proprietary
Information lessens or excuses any duty I have expressly agreed to in this
Agreement. I further waive any right I might otherwise have to assert or claim
that any acts or omissions of Employer outside this Agreement constitute a set
off, counterclaim or defense to any rights Employer has under this Agreement.

         (f)  OTHER AGREEMENTS. I agree that I will not directly or indirectly
commit or cause a violation or breach of Employer's nondisclosure obligations
under any agreement to which Employer may be or become a party. I will comply
with the confidentiality provisions of, and execute such confidentiality forms
as may be required under, any contracts between Employer and parties contracting
with Employer.

2.       OWNERSHIP OF INVENTIONS

         (a)  INVENTIONS. As used in this Agreement, the term "inventions"
includes, but is not limited to, all inventions, original works of authorship,
ideas, patterns, devices, techniques, discoveries, improvements, processes,
developments, designs, know-how, data, programs, formulas, source and object
codes, methods, diagrams, technology and trade secrets, whether or not reduced
to practice or the subject of any governmental filings.

         (b)  ASSIGNMENT TO COMPANY. I agree to communicate to Employer as
promptly and fully as practicable all Inventions conceived or reduced to
practice by me (alone or jointly by others) at any time during my relationship
with Employer. I hereby assign to Employer and/or its nominees all my right,
title and interest in such Inventions, and all my right, title and interest in
any patents, copyrights, mask work rights, trademarks, and service marks, and
all applications, registrations, and other filings or rights related thereto on
a worldwide basis (collectively referred to for convenience as "Proprietary
Filings"). I will assist Employer and/or its nominees (without charge but at no
expense to me) at any time and in every lawful way to obtain for its and/or
their own benefit, all Proprietary Filings for all such Inventions anywhere in
the world and to enforce its and/or their rights in legal proceedings.

         (c)  LABOR CODE EXCEPTION. Any provision in this Agreement requiring me
to assign my rights in any Invention does not apply to an Invention which
qualifies under the provisions of Section 2870 of the California Labor Code.
That section provides that the requirement to assign "shall not apply to an
invention that the employee developed entirely on his or her own time without
using the employer's equipment, supplies, facilities, or trade secret
information except for those inventions that either (1) relate at the time of
conception or reduction to practice of the invention to the employer's business,
or actual or demonstrably anticipated research or development of the employer;
or (2) result from any work performed by the employee for the employer. I
understand that I bear the burden of proving that an Invention qualifies under
Section 2870.

                                       A-2
<PAGE>
         (d)  U.S. CONTRACTS. Notwithstanding the foregoing, I also assign to
Employer (or to any of its nominees) all rights which I may have or acquire in
any Invention, full title to which is required to be in the United States by a
contract between Employer and the United States or any of its agencies.

         (e)  POWER OF ATTORNEY. 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
document and to do all other lawfully permitted acts to further the prosecution,
issuance and enforcement of Proprietary Filings with the same force and effect
as if executed and delivered by me.

         (f)  LIST OF EXCLUDED INVENTIONS. I have attached hereto as Exhibit "A"
a complete list of all Inventions that I consider to be my property or owned by
others and that I wish to exclude from this Agreement (with only generic
listings if specific disclosure would violate any prior agreement). If no items
are listed, I agree that there are no such items.

3.       OTHER PROMISES

         (a)  NO COMPETITION DURING MY RELATIONSHIP WITH EMPLOYER. During my
relationship with Employer, I will not, without Employer's express written
consent, engage in any employment or business other than for Employer, or cause
or assist (in any manner) in the formation or operations of any business
competitive with or similar to the existing or future business of Employer.

         (b)  NO SOLICITATION/USE OF PROPRIETARY INFORMATION. I agree that
during my relationship with Employer, and for one (1) year following its
termination by me or by Employer, I will not: (1) directly or indirectly, alone
or working for others, solicit business as to products or services similar to
the products or services of Employer from any of Employer's customers or
prospective customers with whom I have had any contact prior to the end of my
relationship with Employer, or (2) solicit for employment any person employed by
Employer (or its affiliates or successors). I agree that the identity of
Employer's suppliers and customers and the related terms of dealing constitute
trade secrets of Employer and that the foregoing promise is a reasonable means
of protecting Employer's trade secrets from the inevitable disclosure that would
result from a violation of the foregoing covenants.

         (c)  NO CONFLICT WITH OTHER AGREEMENTS. My relationship with Employer
and my compliance with this Agreement do not and will not breach any agreement
to keep in confidence information acquired by me prior to or outside of my
relationship with Employer. I have not brought and will not bring with me to
Employer for use in the performance of my duties at Employer any materials,
documents or information of a former employer or any third party that are not
generally available to the public unless I have obtained (and first given to
Employer) express written authorization from the owner for their possession and
use by or for Employer. I will not use or disclose to Employer during my
relationship with the Company any information if that use or disclosure would
cause me to violate any contractual or legal duty to any third party. I have not
entered into, and will not enter into, any agreement, either oral or written, in
conflict with this Agreement. I am not obligated under any contract or other
agreement, or subject to any judgment, decree or order of any court or
administrative agency, that would interfere with the

                                       A-3
<PAGE>
use of my best efforts to promote the interests of Employer or that would
conflict with Employer's existing or proposed business known to me.

4.       GENERAL

         (a)  AMENDMENT. My obligations under this Agreement may not be modified
or terminated, in whole or in part, except in writing signed by the Board of
Directors of Employer. Any waiver by Employer of a breach of any provision of
this Agreement will not operate or be construed as a waiver of any subsequent
breach.

         (b)  SEVERABILITY/INTERPRETATION. Each provision of this Agreement will
be treated as a separate and independent clause, and the unenforceability of any
one provision will in no way impair the enforceability of any other provision.
If any provision is held to be unenforceable, such provision will be construed
by the appropriate judicial body by limiting or reducing it to the minimum
extent necessary to make it legally enforceable. If any provision hereof is
considered unclear or ambiguous, it shall not be construed against Employer but
instead shall be construed to give effect to the interests of Employer
consistent with the specific provisions of this Agreement.

         (c)  SURVIVAL OF MY OBLIGATIONS. My obligations under this Agreement
will survive the termination of my employment or other relationship and any
other contract with Employer, regardless of the cause, lack of cause, or manner
of such termination. This Agreement will inure to the benefit of and be binding
upon the successors and assigns of Employer.

         (d)  NO IMPLIED TERMS. I understand that the provisions of this
Agreement are a material condition to my relationship with Employer. I also
understand that this Agreement is not an employment contract, and nothing in
this Agreement shall create or imply (1) any right to require Employer to employ
or continue to employ me, or otherwise enter into or continue any contract with
me, (2) any particular terms of employment or other relationship, or (3) any
limitation on the right of Employer or me to end my employment or other
relationship.

         (e)  REMEDIES AND ATTORNEYS' FEES. Any breach of this Agreement likely
will cause irreparable harm to Employer for which money damages could not
reasonably or adequately compensate Employer. Accordingly, I agree that Employer
will be entitled to a court order of specific performance of this Agreement and
injunctive relief to enforce this Agreement, in addition to damages and other
remedies available to Employer by contract or by law. If any action or
proceeding shall be commenced to enforce this Agreement or any right arising in
connection with this Agreement, the prevailing party in such action or
proceeding shall be entitled to recover from the other party, the reasonable
attorneys' fees, costs and expenses incurred by such prevailing party in such
action and any related appeals, bankruptcy, collection or enforcement
proceedings.

         (f)  APPLICABLE LAW. This Agreement will be governed by and interpreted
in accordance with the laws of the State of California governing a contract made
in and between residents of California and wholly performed within California.

                                       A-4
<PAGE>
         (g)  COMPLETE AGREEMENT. This Agreement contains the complete agreement
between Employer and me concerning the subject matter hereof and supersedes all
other agreements and written or oral understandings. This Agreement may be
executed in counterparts.

                                  /s/ KAREN B. HALLIBURTON
                                  ----------------------------------------------
                                  (Signature)

                                  Karen B. Halliburton
                                  ----------------------------------------------
                                  (Print Name)

AGREED AND ACKNOWLEDGED:

The RiceX Company,
a Delaware corporation

By: /s/ Terrence Barber
   ------------------------------

                                       A-5
<PAGE>
                                   EXHIBIT "A"
                                   -----------
                            LIST OF PRIOR INVENTIONS
                            ------------------------

                                                             Identifying Number
Title                                Date                   or Brief Description

                                    "NONE"

                                       A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]