Document:

Unassociated Document

    
       

       

       

       

      
        	 
      	
                Virtual
      Medical Centre Limited

              
	 
      	
                PO
      Box 1173

              
	 
      	
                Osborne
      Park

              
	 
      	
                WA

              
	 
      	
                6916

              

      

      

      CJR Media
Pty Ltd

      PO Box
707

      Bondi
Junction

      1355

      NSW

      Australia

      

      

      Date 1
April 2009

      

      

      Dear
Cliff

      

      NON
EXECUTIVE DIRECTOR AND CONSULTING AGREEMENT BETWEEN CJR MEDIA PTY LTD AND
VIRTUAL MEDICAL CENTRE PTY LTD (VMC)

      

      I am
pleased to confirm our invitation to you, as Director of CJR Media Pty Ltd (ABN
71245086185)
to join Virtual Medical Centre (ACN 097593587) as an Independent Non Executive
Director and Consultant.

      

      The terms
and conditions of your appointment are to be as follows and, in the event of any
conflict between the terms of this letter of appointment and those of any other
document, agreement or arrangement (whether referred to herein or not), I
confirm that the terms of this letter of appointment are to
prevail:

      

      
        	
                1. 

              	
                Appointment:

              
	 
      	 
      
	 
      	
                As
      an Independent Non Executive Director and Consultant your performance will
      be reviewed in accordance with processes agreed by the Board from time to
      time. You agree to participate in such reviews.

              
	 
      	 
      
	 
      	
                Termination
      by either party requires 30 days written notice.

              
	 
      	 
      
	
                2. 

              	
                Duties:

              
	 
      	 
      
	 
      	
                Your
      duties will include, but are not restricted to, participation in: Board
      Meetings, Strategy Development, Partnership discussions, Capital raising
      processes, Revenue generating strategies, processes / controls, and exit
      strategy.

              
	 
      	 
      
	
                3. 

              	
                Independence
      and other interests:

              
	 
      	 
      
	 
      	
                You
      will act in the best interests of the company as a whole. Any potential
      conflicts of interest, should they arise, will be made known to the Board
      of VMC.

              
	 
      	 
      
	
                4. 

              	
                Remuneration
      and Expenses:

              
	 
      	 
      
	 
      	
                A
      Directors fee of $20,000 p.a. plus GST plus a consulting fee of $46,000
      p.a. plus GST will be paid starting 1 April 2009 (which is hereby agreed
      as your appointment date). Funds will be deposited on the 1st
      of each month into a nominated account, details of which are to be
      provided to us.  Unless agreed otherwise this fee will increase
      by the CPI annually on the anniversary
date.

              

         

         

        
          
             

          

          
             

            
            

          

          
             

          

        

         

         

        	 
      	 
      
	 
      	
                In
      addition you will receive 3,383,774
      share options at 50c per share. The
      options will be issued to your nominee being Clifro Pty Ltd (ACN
      081510643) in its capacity as a trustee of Cliffro
  Trust.

              
	 
      	 
      
	 
      	
                VMC
      will take out Directors and Officers Liability insurance on behalf of
      Clifford Rosenberg.

              
	 
      	 
      
	 
      	
                You
      are entitled to be paid other expenses you properly incur concerning VMC
      affairs, including but not limited to all expenses associated with travel,
      accommodation and incidentals.

              
	 
      	 
      
	
                5. 

              	
                Access
      to Company Documents:

              
	 
      	 
      
	 
      	
                Under
      the Corporations Act, Directors have a right of access to financial
      records.

              
	 
      	 
      
	
                6. 

              	
                Confidential
      Information:

              
	 
      	 
      
	 
      	
                All
      information obtained (under whatever circumstances) by yourself or VMC
      (which includes all directors, office holders, employees, advisors or
      agents thereof) is confidential information of VMC and must not be
      released, either during your appointment or following termination (by
      whatever means) to third parties without prior clearance from VMC, or as
      required by law.  Such information must only be used for the
      purpose of performing your duties and not for any other
      purpose.  All such information must be returned to VMC upon
      termination of your appointment and, if requested by VMC, you must certify
      that you no longer have access to or records of any such
      information.  The requirements of this clause shall not apply to
      any information that is in the public domain other than as a result of a
      breach by either Party of this and/or any other an obligation of
      confidence between the Parties.

              

      

      

      

      Yours
sincerely

      

      

      

      
        	
                Wayne
      Hughes

                 

                Managing
      Director

                 

                Signature:

              
	
                 

                Date:

              

      

      

      

      Acknowledgement

      

      I,
Clifford Rosenberg, as Director of CJR Media Pty Ltd, hereby accept the terms of
appointment set out in this letter.

      

      
        	
                 

                Signature:

              
	
                 

                Full
      Name:

              
	
                 

                Date:EXHIBIT 10.1

     

    CONTRACT TERMINATION
AGREEMENT

    

    THIS AGREEMENT is made as of
the 5th day of May, 2010 by and between Luis F. Saenz (“Saenz”), an individual
with an address at Malecon de la Reserva 777, Apt 1702, Lima 18, Peru, and
Loreto Resources Corporation, a Nevada corporation with an address at Av. Pardo
y Aliaga 699 Of. 802 San Isidro, Peru (the “Company”).

    

    WITNESSETH:

    

    WHEREAS, Saenz and the Company
entered into a written employment agreement dated July 21, 2008 (the "Employment
Agreement"); and

    

    WHEREAS, both parties wish to
terminate the Employment Agreement in accordance with the terms set forth
below.

    

    NOW, THEREFORE, in
consideration for the mutual promises, covenants and conditions herein, and for
such other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:

    

    1.           Termination of the
Employment Agreement. The Employment Agreement is hereby terminated in
its entirety and each party thereto hereby releases the other from any
obligations, claims, liabilities, debts, or otherwise arising out of or in
connection with said Employment Agreement.  Furthermore, each party
hereby waives any and all rights, remedies, claims, causes of action or other
privileges, including, without limitation, any and all rights to
compensation, bonuses, vacation accruals, benefits, expense reimbursements or
other payments due to Saenz from the Company, it may have or may accrue in the
future under said Employment Agreement.

    

    2.           Termination of the Option
Agreement.  The Company and Saenz acknowledge that Saenz
was granted stock options (the “Options”) in the Company in accordance with the
terms of that certain stock option agreement dated July 21, 2008 (the “Option
Agreement”) and the Company’s 2008 Equity Incentive Plan.  Saenz
acknowledges and agrees that the Options, both vested and unvested, and the
Option Agreement are hereby terminated as of the date hereof.  Saenz
agrees to promptly deliver the Option Agreement to the Company for
cancellation.

    

    3.           Saenz’s Officer and Director
Positions.  Saenz shall retain his current officer and director
positions until the next annual meeting of the Company’s Board of Directors or
until his successors are duly elected and qualified, or until his earlier death,
resignation or removal.

    

    4.           Mutual
Releases.  Except with regard to the provisions of this
Agreement, each of the parties hereby fully and forever releases, acquits, and
discharges the other together with his (or its) respective partners, employees,
agents, parents, subsidiaries, affiliates or other representatives, heirs,
executors, successors and assigns, as the case may be, of and from any and all
claims, causes of action, demands, rights, liabilities, charges, obligations,
costs, expenses, and attorney's fees of every kind, nature and description,
whether legal or equitable, civil or criminal, liquidated or unliquidated, know
or unknown, which the parties now have, ever had, or ever in the future will
have, for conduct that transpired prior to the execution of this Agreement
relating to or under the Employment Agreement.  Except to enforce the
terms of this Agreement, each of the parties agrees not to initiate or
voluntarily participate in any legal action, charge or complaint against the
other.  If either party voluntarily participates in any such action,
charge, or complaint, the other shall be entitled to recover his (or its)
attorney's fees incurred in defending such action, charge or
complaint.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      EXHIBIT 10.1

       

    

    5              Confidentiality. The
Company and Saenz agree to keep all matters concerning this Agreement absolutely
confidential and agree not to disclose, verbally or otherwise, either the
existence or terms of this Agreement to anyone, including but not limited to
past, present or future employees or consultants of the Company, except that
Saenz may disclose the existence of and the terms and conditions of this
Agreement to his spouse, and/or his attorney, and/or his accountant, and/or his
tax advisor (to the extent necessary to prepare his tax returns), provided that
Saenz makes each such person aware of the confidentiality provisions of this
paragraph and that each such person to whom such information is disclosed has
previously agreed to keep the existence, terms and conditions of this Agreement
confidential, and the Company may disclose this Agreement, or provisions
thereof, pursuant to applicable securities  laws.

    

    6.           This
Agreement is binding on the parties and their respective successors, heirs and
permitted assigns.  Neither this Agreement, nor any of its rights,
privileges or duties, is assignable, nor may any of its rights or privileges be
pledged, hypothecated or mortgaged by either party without the prior written
consent of the other and any attempt to perform any said acts without first
obtaining the other party's written consent is hereby declared null and
void.

    

    7.           Each
party shall execute, acknowledge and deliver to the other, or to such persons,
firms or entities as the other party may direct, any and all further or
additional instruments or documents which may be reasonably required to give
full force and effect to the provisions of this Agreement.

    

    8.           This
Agreement contains the entire understanding and agreement between the
parties.  Any and all previous agreements between the parties are
terminated and superseded hereby.  If any provision of this Agreement
is deemed to be illegal, invalid, or unenforceable, the remaining sections shall
be unaffected thereby and shall remain in full force and effect.  This
agreement can be modified only in a writing signed by both parties
hereto.  The section headings herein are for convenience only and
shall not affect the construction of the Agreement.  This Agreement is
binding upon each party, its respective heirs, executors, successors and
permitted assigns.

    

    9.           This
Agreement and any disputes or controversies arising hereunder shall be construed
and enforced in accordance with and governed by the internal laws of the State
of New York and, to the extent required by local labor law, the laws of country
in which the Saenz is based.

    

    [Signature
Page Follows]

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT 10.1

     

    IN WITNESS WHEREOF, the
parties have executed this Agreement of three (3) pages on the day and date
first written above.

    

    
      
        	LORETO RESOURCES
      CORPORATION	 	
              	 
	 	 	 	 	 	 
	By: 	  	 	
                 

              	  
      	 
	 	Nadine
      C. Smith  	 	 	Luis
      F. Saenz	 
	 	Chairman	 	 	
              	 
	 	 	 	 	 	 

      

       

    

    
      
        
        

      

      
        3

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