Document:

Exhibit 10.72

	

Exhibit 10.72

EMPLOYMENT
AGREEMENT

Between

Olympic Resource
Management LLC
and
John T. Shea

        The
purpose of this Agreement is to confirm the terms of the employment relationship
between Olympic Resource Management LLC, a Washington Limited Liability Company,
(hereinafter referred to as “the Company”), and John T. Shea
(hereinafter referred to as the “Executive”).

        1.
Term of Agreement. Company and Executive agree that the Executive will be
employed by the Company for a term of three (3) years beginning January 1, 2003
(the “Effective Date”), unless employment is sooner terminated as
provided herein.

        2.
Position and Duties. Company and Executive agree that Executive will be
employed as Director of Business Development of Employer. It is understood that
from time to time Executive may be assigned other duties in addition to those
described above that are generally consistent with those of a senior manager,
and that Executive’s responsibilities may be modified or expanded at any
time by the Company in order to accommodate its needs.

	                2.1
      Executive agrees to devote his full-time efforts to his duties with the
      Company and further agrees that he will not, directly or indirectly, engage
      or participate in any activities while employed with the Company that would
      conflict with the best interests of the Company.

	                2.2
      All policies published by the Company or delivered to the Executive prior
      to or following this Agreement regarding employment policies, required behavior
      by employees and other similar matters (collectively referred to as “Company
      Policies”) are incorporated within this Agreement as though fully set
      forth in this Agreement. The Executive agrees to be bound by and adhere
      to all such Company Policies as presently exist or as may be hereafter issued
      or modified by the Company. Without limiting the foregoing, the Executive
      agrees to conduct business on behalf of the Company in a manner consistent
      with proper and ethical business practices and consistent with the best
      interests of the Company

	

        3.
Compensation. For all services rendered by Executive under this
Agreement, Company shall pay Executive a gross salary of Ten Thousand Dollars
($10,000.00) per month. Executive shall be paid this salary on a bi-weekly
basis, minus all lawful and agreed upon payroll deductions. Executive’s
compensation shall be reviewed annually in accordance with normal Company salary
review procedures.

	                3.1
      Bonus. Executive will also be eligible for consideration for a bonus
      in accordance with the Company’s normal bonus program, as it may be
      implemented or amended from time to time. Under the Company’s bonus
      program, Executive shall be eligible for an annual target bonus equal to
      25% of Executive’s base salary during the prior year. Actual bonus
      paid in the subsequent year will be based on a combination of Company and
      Executive’s performance during the year.

	

	                3.2
      IPMB Incentive Plan. Executive will also be eligible for participation
      in the Company’s Investor Portfolio Management Business Incentive Plan
      (“IPMB Plan”). Such participation shall be in accordance with,
      and subject to, the terms and conditions of the IPMB Plan as it currently
      exists and as it may be amended from time to time.

	

        4.
Business Expenses. Company agrees to reimburse Executive for all
reasonable business expenses incurred by Executive while on Company business,
subject to the Company’s normal business expense policies. Executive shall
maintain such records as will be necessary to enable the Company to properly
deduct such items as business expenses when computing the Company’s federal
income tax.

        5.
Fringe Benefits. Company and Executive agree that during the term of this
Agreement, Executive will be eligible to participate in the Company’s
employee benefit plans of general application, including without limitation,
those plans covering medical, disability and life insurance in accordance with
the rules established for individual participation in any such plan and under
applicable law.

        6.
Vacation. Executive shall be entitled to his current earned paid vacation
accrual of four (4) week’s paid vacation per calendar year, which will be
adjusted based on Executive’s tenure with the Company, in accordance with
the Company’s vacation policy as such policy now exists and as it may be
amended from time to time. Vacation shall be scheduled by Executive at a time
mutually convenient to both the Company and Executive.

	                6.1
      Accrued and Unused Vacation at Termination. Upon the termination
      of this Agreement, Executive shall be paid for all previously accrued and
      unused vacation time.

	

        7.
Restrictive Covenants.

	                7.1
      Executive’s Acknowledgement. Executive agrees and acknowledges
      that in order to assure the Company that it will retain its value and that
      of the Business (as defined below) as a going concern, it is necessary that
      Executive undertake not to utilize his special knowledge of the Business
      and his relationships with customers and suppliers to compete with the Company.
      Executive further acknowledges that: (a) the Company is and will be
      engaged in the Business; (b) Executive will occupy a position of trust
      and confidence with the Company, and during Executive’s employment
      with the Company, Executive has and will continue to become familiar with
      the Company’s trade secrets and with other proprietary and confidential
      information concerning the Company and the Business; (c) the agreements
      and covenants contained in this Article 7 are essential to protect
      the Company and the goodwill of the Business; and (e) Executive’s
      employment with the Company has special, unique and extraordinary value
      to the Company and the Company would be irreparably damaged if Executive
      were to provide services to any person or entity in violation of the provisions
      of this Agreement. As used herein, “Business” means (1) the location,
      acquisition, management, development, and/or disposition of timberlands,
      real property, and related assets and resources and (2) the provision of
      consulting, analysis, or support services, or any other related services
      in connection with such activities, whether (a) directly for the account
      and/or on behalf of the person or entity employing Executive as a consultant,
      advisor, or in any other capacity, or (b) for the account and/or on behalf
      of any other party or parties. For the purposes of this Article 7,
      “the Company” shall include its subsidiaries, affiliates and assignees
      and any successors in interest of its subsidiaries and/or affiliates.

	

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	                7.2
      Non-Compete. Executive hereby agrees that for a three-year
      period commencing on the Effective Date (regardless of whether Executive
      is employed by the Company or not) (the “Restricted Period”),
      he shall not, directly or indirectly, as employee, agent, consultant, member,
      stockholder, director, partner or in any other individual or representative
      capacity, own, operate, manage, control, engage in, invest in or participate
      in any manner in, act as a consultant or advisor to, render services for
      (alone or in association with any person, firm, corporation or entity),
      or otherwise assist any person or entity (other than the Company) that engages
      in or owns, invests in, operates, manages or controls any venture or enterprise
      that directly or indirectly engages or proposes to engage in the Business
      anywhere in North America (the “Territory”); provided, however,
      that the Company expressly agrees that nothing contained herein shall be
      construed to prevent, and Executive is entitled to engage in, the following
      activities:

	 	                7.2.1
      Ownership and Management. Executive may own, operate, and manage
      timberlands, as long as such ownership, operation, and management is solely
      and exclusively for his own account and/or the account of lineal ancestors
      and descendants, and no other persons, directly or indirectly.

	 	                7.2.2
      Employment by Third Parties. Executive may, either as an employee or as
      an independent contractor, manage timberlands for other individuals or entities
      who directly own such timberlands solely and exclusively for their own account.
      For as long as the Company is engaged in, or is actively seeking to be engaged
      in, the Investor Portfolio Management Business (“IPMB”), as that
      business is defined in the governing documents of the Company’s affiliate,
      Pope Resources, A Delaware Limited Partnership, the authorization provided
      by this Section 7.2.2 shall not include the authorization to manage timberlands
      for any person or entity that is engaged in any activity that would constitute
      IPMB if such activity were performed by the Company.

	 	                7.2.3
      Securities. Executive may invest in the stock of any competing corporation
      listed on a national securities exchange or traded in the over-the-counter
      market, but only if Executive is not involved in the business of said corporation
      and if Executive and his associates (as such term is defined in Regulation 14(A)
      promulgated under the Securities Exchange Act of 1934, as in effect on the
      date hereof), collectively, do not own more than an aggregate of five (5%)
      percent of the stock of such corporation.

	

3

	                7.3
      Interference with Relationships. During the
      Restricted Period, Executive shall not, directly or indirectly, as employee,
      agent, consultant, stockholder, member, director, co-partner or in any other
      individual or representative capacity render assistance to any other person
      or entity who attempts to: (i) employ or engage, recruit or solicit
      for employment or engagement, any person who is or becomes employed or engaged
      by the Company during the Restricted Period, or otherwise seek to influence
      or alter any such person’s relationship with the Company, or (ii) solicit
      or encourage any present or future customer of the Company, to terminate
      or otherwise alter his, her or its relationship with the Company

	                7.4
      Confidential Information. It is understood and agreed that as a result
      of Executive’s employment with Employer, Executive has acquired and
      will continue to acquire and make use of confidential information about
      the Company and its Business, and the Company’s suppliers and customers,
      such information constituting trade secrets. During the course of his employment
      with Company and thereafter, Executive shall keep secret and retain in strictest
      confidence, and shall not, without the prior written consent of the Employer,
      furnish, make available or disclose to any third party (except in furtherance
      of the Company’s business activities and for the sole benefit of the
      Employer) or use for the benefit of himself or any third party, any Confidential
      Information. As used in this Agreement, “Confidential Information”
      shall mean any information relating to the business or affairs of the Company
      or its business, including but not limited to information relating to financial
      statements, customer identities, potential customers, employees, suppliers,
      servicing methods, equipment, programs, strategies and information, analyses,
      profit margins, or other proprietary information used by the Company in
      connection with its business; provided, however, that Confidential Information
      shall not include any information which is in the public domain or becomes
      known in the industry through no wrongful act on the part of Executive.
      Executive acknowledges that the Confidential Information is vital, sensitive,
      confidential and proprietary to the Company. Executive further agrees that
      on termination of this Agreement, or at any time on request by the Employer,
      he shall deliver possession to the Company of all Confidential Information
      and all documents, writings, and other things of every kind and description
      prepared or acquired in connection with Company business or at Company expense
      or in the course of Employee’s employment or that contain Company proprietary
      information including all copies of the same.

	

        8.
Termination. This Agreement shall be terminated upon the occurrence of
any one of the following events:

	                8.1  Death
      of Executive.

	                8.2  If
      Executive shall have been incapacitated from illness, accident or other
      permanent disability and unable to perform his normal duties hereunder for
      a consecutive period of three (3) months, upon Company or Executive giving
      the other party not less than thirty (30) days’ written notice.

	                8.3  Expiration
      of this Agreement or any renewal or extension thereof.

	

4

	                8.4  Immediately
      by the Company for cause. For purposes of this subparagraph, “cause”
      shall mean “(1) any material breach of the provisions of this Agreement
      by Employee; (2) consistent poor performance on the part of Employee after
      being counseled as to the standard required; (3) violation by Employee of
      any local, state or federal laws, including without limitation, an act of
      dishonesty such as embezzlement or theft; (4) material failure to comply
      with Company policies, and any and all acts or omissions which would constitute
      cause under common law.

	

        9.
Effect of Termination. Upon termination of Executive’s employment
with Employer, Company agrees to pay Executive all salary which is due and owing
to Executive as of the date of termination, less legal deductions or offsets
Executive may owe to Company for such items as any personal items charged to
Executive’s Company credit card account. Executive agrees that his
signature on this Agreement constitutes his authorization for all such
deductions. Executive agrees to return to Company all of Employer’s
property of any kind which may be in Executive’s possession. In the event
of termination of this Agreement, the terms and provisions of this Agreement
shall also terminate, with the exception of the restrictive covenants contained
in the paragraphs above. Such provisions shall continue in full force and effect
according to their terms.

        10.
General Terms.

	                10.1  Essential
      Terms and Modification of Agreement. It is understood and agreed that
      the terms and conditions described in this Agreement constitute the essential
      terms and conditions of the employment arrangement between the Company and
      Executive, all of which have been voluntarily agreed upon. The Company and
      Executive agree that there are no other essential terms or conditions of
      the employment relationship that are not described within this Agreement,
      and that any change in the essential terms and conditions of this Agreement
      will be written down in a supplemental agreement which shall be signed by
      both the Company and Executive before it is effective.

	                10.2  Severability.
      If any term, covenant, condition or provision of this Agreement or the application
      thereof to any person or circumstance shall, at any time, or to any extent,
      be determined invalid or unenforceable, the remaining provisions hereof
      shall not be affected thereby and shall be deemed valid and fully enforceable
      to the extent permitted by law.

	                10.3  Notices.
      Any notice hereunder shall be sufficient if in writing and delivered to
      the party or sent by certified mail, return receipt requested and addressed
      as follows:

	 	a.	If to the Company:	David L. Nunes

Olympic Resource Management LLC

19245 Tenth Avenue NE

Poulsbo, WA 98370

	

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	 	b.	If to Executive:	John T. Shea

	

Either  party may change the
address herein specified by giving to the other, written  notice of such change as
provided in this Section 10.3 of this Agreement.

	                10.4  Governing
      Law. This Agreement is made and shall be construed and performed under
      the laws of the State of Washington.

	                10.5  Waiver
      of Agreement. The waiver by the Company of a breach of any provision
      of this Agreement by Executive shall not operate or be construed as a waiver
      by the Company of any subsequent breach by Executive.

	                10.6  Captions.
      The captions and headings of the paragraphs of this Agreement are for convenience
      and reference only and are not to be used to interpret or define the provisions
      hereof.

	                10.7  Assignment
      and Successors. The rights and obligations of Company under this Agreement
      shall inure to the benefit of and be binding upon the successors and assigns
      of Employer. The rights and obligations of Executive hereunder are nonassignable.
      Company may assign its rights and obligations to any entity in which Company
      or a company affiliated with Company has a majority ownership interest.

	                10.8
      Arbitration. Any dispute or claim arising out of or in connection
      with this Agreement will be finally settled by binding arbitration in Seattle,
      Washington in accordance with the rules of the American Arbitration Association
      by one arbitrator appointed in accordance with said rules. The arbitrator
      shall apply Washington law, without reference to rules of conflicts of law
      or rules of statutory arbitration, to the resolution of any dispute. Judgment
      on the award rendered by the arbitrator may be entered in any court having
      jurisdiction thereof. Each party shall bear their own legal fees in connection
      with any such arbitration. Notwithstanding the foregoing, the parties may
      apply to any court of competent jurisdiction for preliminary or interim
      equitable relief, or to compel arbitration in accordance with this paragraph,
      without breach of this arbitration provision. The parties, their representatives,
      other participants and the mediator or arbitrator shall hold the existence,
      content and result of any arbitration in confidence. This Section 10.8 shall
      not be construed to prohibit either party from seeking injunctive relief
      for actual or threatened violations of Section 7 of this Agreement.

	

6

	 	        Executed
this 10th day of December, 2003, retroactively effective as of the Effective Date of
January 1, 2003.

	JOHN T. SHEA 

——————————————

		OLYMPIC RESOURCE MANAGEMENT LLC

——————————————
By    David L. Nunes
Its    President & CEO

	

7BILL OF SALE

BE  IT  KNOWN,  FOR  GOOD  CONSIDERATION,  AND  IN  PAYMENT  OF  THE  SUM  OF

              THREE HUNDRED ELEVEN THOUSAND SIX HUNDRED THIRTY NINE

                                  ($311,639.00)

THE  RECEIPT  AND  SUFFICIENCY  OF  WHICH  IS  ACKNOWLEDGED,  THE  UNDERSIGNED

                INTERNET BUSINESS'S INTERNATIONAL, INC. (SELLER)

HEREBY  SELLS  AND  TRANSFERS  TO

                          DCM ENTERPRISES, INC. (BUYER)

THE  FOLLOWING  EQUIPMENT  AS  IS  LISTED  AS  FOLLOWS:
                           ------

     SEE  ATTACHED  LIST:

THE  SELLER WARRANTS TO BUYER IT HAS GOOD AND MARKETABLE TITLE TO SAID PROPERTY,
FULL  AUTHORITY  TO  SELL  AND TRANSFER SAID PROPERTY IS SOLD FREE OF ALL LIENS,
ENCUMBRANCES,  LIABILITIES  AND  ADVERSE  CLAIMS  OF  NATURE  AND  DESCRIPTION
WHATSOEVER.

SELLER  FURTHER  WARRANTS TO BUYER THAT IT WILL FULLY DEFEND, PROTECT, INDEMNIFY
AND  HOLD  HARMLESS THE BUYER FROM ANY ADVERSE CLAIM MADE THERETO BY ALL PERSONS
WHOMSOEVER.

SAID  PROPERTY  IS  SOLD IN "AS IS" CONDITION AND WHERE PRESENTLY LOCATED AT THE
FOLLOWING  ADDRESS.

ALPHA  TOOLING;  15100  RADIUS  PLACE,  SANTA  FE  SPRINGS,  CA  90760

SIGNED  THIS  29TH  DAY  OF  AUGUST  2003.

INTERNET  BUSINESS'S  INTERNATIONAL,  INC     DCM  ENTERPRISES,  INC

-----------------------------------------     ------------------------------
SELLER                                        BUYER

<PAGE>

1  .  Bullard  56"  Cutmaster  V.T.L.  Model  75  Serial  30282

2.  Bullard  Cutmaster  Heavy Duty 56" swing with vertical spindle side head and
turret.  Serial  #  30282.

3.  Sinada  SB-100  #  271/482.

4.  Vickers  Inc.  Vertical  DrilMone  4  V2foot  depth  Model  F206D.

5.  Sodick  Model  A280L  /  Fine  Sodick  Mark  EX  EDW  Machine 9 T- I 196-SE.

6.  Genspark  America  CY-20Z  Machine  Unit  802212.

7.  Genspark  America  Model  DZNC  TD-25  Manufacturing  #  88289.

8.  Bridgeport  Model  1218  SN  036.

9.  same  as  above

10.  OKK  Machine  Center MVC-500 w/Maas CNC control 5000C 20" T.C. taper SN 377
Manufacturing  #  MA93252X

11.  OKK  Machine  Center  MVC-500 w/Medlas CNC control SOOOC 20" T.C. taper S/N
377  Manufacturing  #  MA93252Y

12.  ENSHU  Machine  Center  650VX,  Serial  #0091908

13.  ENSHU  Machine  Center  Fanuc  Series  15-m  type  A02B-01  I  1-BO80.

14.  Okuma  Engine  Lathe  Type  L-S  18"  x  72"  cc  Serial  #  4106-9852

15.  Procedyne  Autoclave.

16.  Digital  temperature  controls  for  procedyne  furnaces.

17.  Procedyne  Furnace  Capacity  20"  x  60111700  lb.  load  each.

18.  Procedyne  Furnace  Capacity  20"  x  60"  1700  lb.  load  each

19.  Amada  Horizontal  Bandsaw  Model  HA500  SN  50000218.

20.  HAAS  SL30  CNC  Lathe  Serial  #  62803.

21.  Poreba  Engine  Lathe  42  "  x  23  "  cc  (40  IIP).

22.  Poreba  Engine  Lathe  Type  TRIOOB  SN  1139355.

<PAGE>

23.  Monarch  Engine  Lathe  32"  x  72"  cc  Heavy Duty (rebuilt 1986) # 32360.

24.  TOS  Trencin  Engine  Lathe  Type  71B,  S/N  071200780376.

25. Comet 10" x 50", 3hp. variable speed Vertical milling machine. Model BPV3949
S/N  951017.

26.  Bridgeport  lhp.  vertical  milling  machine  s/n  J-98734, 9" x 42" table.

27.  Bridgeport  74-XA900-01  67  1900  20  2hp.  9"  x  42"  Table.

28.  Comet  10"  x  50"  3hp.  variable  speed Vertical milling machine. No S/N.

29.  Lagun  FT-1 Knee mill 2 hp. Table size 10" x 44", spindle taper R8, spindle
speed 65 - 3000 rpm. Belt feed Travels:Knee 16", longitudinal 30", cross 16",max
wt.  of  work  750#  SIN  397.

30.  Kiheung  Milling  Machine  Model: kmv-2s, Class 1, speed 60-1800 rpm, lot 9
7981v-1,  date  2-14-81.

31.  Okuma  LH35N  CNC  Lathe  with  OPS  3000  control  S/N  5507-1570.

32.  Okuma  LH35N  CNC  Lathe  with  OPS  3000  control  s/n  1570.

33.  Okuma  LH35N  with  OPS  2200  control  s/n  5304-1158.

34.  Blanchard  Nol6  grinder  with  42"  table  S/N  2806.

35.  Cincinnati  Bickford  Chipmaster  6'arm  x  19"column  s/n  6NE103.

36.  Media  Blast  Model  9  362830  s/n  185102.

37.  DoAll  16"  -vertical  bandsaw  model#  DBW-IA  s/n  6022345.

38.  Soiraluce  radial  drill  TRO-125-  4"  x  12"  Machine#  989-1499.

39.  Drill  bits.

40.  Heckert  Nfituomat  surface  grinder  8"  x  13"  table  S/N  3401-1/62.15.

41.SDAVER  vertical  milling  machine  s/n  0532  date  8-61.

<PAGE>

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