Document:

Unassociated Document

    Exhibit 10.14

     

    EXECUTIVE
EMPLOYMENT AGREEMENT

     

     

    The
Executive Employment Agreement (the “Agreement”) is effective as of May 1, 2008
(the “Effective Date”) and is between Gen2Media Corporation, a Nevada
Corporation (the “Company”) and Mary Spio (the “Employee”).

     

     

    RECITALS:

        WHEREAS,
the Company desires that the Employee become the President and CEO and Director
of the Company.

     

    WHEREAS,
the Employee desires to accept such role under the terms hereof.

     

    NOW,
THEREFORE, in consideration of the promises and mutual agreements herein set
forth, the parties hereby agree as follows:

     

    
      	
              1.

            	 
      	
              Term
      of Employment. The period of employment of Employee by the Company under
      the Agreement (the Employment Period) shall be deemed to have commenced on
      the Effective Date and shall terminate in accordance with Section 7,
      however, if not terminated sooner, shall continue until April 30,
      2012.

            
	 	 	 
	
              2.

            	 
      	
              Duties.
      During her employment by the Company, the Employee shall perform such
      duties as are customary and typical by an officer and director of a
      publicly traded company, and shall discharge such duties in a professional
      and diligent manner at all times, to the best of her abilities. Employee’s
      employment shall also be subject to the policies maintained and
      established by the Company, if any, as the same may be amended from time
      to time. Unless otherwise agreed by the Company and Employee, Employee’s
      principal place of business with the Company shall be in Orlando, FL.
      Employee acknowledges and agrees that Employee owes a fiduciary duty of
      loyalty, fidelity and allegiance to act at all times in the best interests
      of the Company and to do no act that would injure the business, interests,
      or reputation of the Company or any of its Affiliates. In keeping with
      these duties, Employee shall make full disclosure to the Board of
      Directors of all business opportunities pertaining to the business of the
      Company or its Affiliates and should not appropriate for Employee’s own
      benefit business opportunities that fall within the scope of the
      businesses conducted by the Company and its Affiliates.

            
	 
      
	
              3.

            	 
      	
              Compensation.

            

    

     

    
      	 
      	
              (a)

            	 
      	
              Base
      Salary. The Company shall pay to Employee a base salary of $65,000 per
      year. At such time as the Company attains profitability (including any
      monies paid to officers and/or directors) the base salary will be
      increased to $72,000 per year, and once the Company achieves sustained
      (defined as profit for 2 consecutive quarters) profitability, the base
      salary shall be increased to $84,000 annually.

            
	 
      	 
      	 
      	 
      
	 
      	
              (b)

            	 
      	
              Incentive
      Bonus. In addition to the Base Salary, during the Term of the Agreement,
      Employee shall be entitled to cash compensation, paid annually, equal to
      3% of the net profit of the Company, as determined by the year end audited
      financial statements. However, there shall be a cap on all cash
      compensation received by Employee for any fiscal year of $150,000 in the
      aggregate, including base salary and incentive bonus.

            
	 
      	 
      	 
      	 
      
	 
      	
              (c)

            	 
      	
              Equity
      Compensation and Stock Options. The Employee shall be entitled to
      participate in the equity compensation plans established from time to time
      by the Company based on performance and profitability, and as awarded by
      the Board of Directors and Compensation Committee. In consideration for
      entering into and faithful discharge of this Agreement, Employee shall
      receive an initial stock option grant of 666,667 shares, exercisable at
      any time during the life of this agreement, with an exercise price of 5
      cents per share. These options are previously listed and provided for in
      the minutes of the Company, and are now memorialized by execution of this
      Agreement. The stock, when issued, will be restricted under applicable
      laws.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	 
      	 
      	 
      	 
      
	 
      	
              (d)

            	 
      	
              Housing
      Allowance. N/A.

            
	 
      	 
      	 
      	 
      
	 
      	
              (e)

            	 
      	
              Home
      Leave Allowance. N/A

            
	 
      	 
      	 
      	 
      
	 
      	
              (f)

            	 
      	
              Relocation
      Allowance. N/A

            
	 
      	 
      	 
      	 
      
	 
      	
              (g)

            	 
      	
              Additional
      Payment. N/A

            
	 
      	 
      	 
      	 
      
	 
      	
              (h)

            	 
      	
              As
      additional compensation for the Employee, the Company shall provide or
      maintain the medical and health insurance benefits on the same terms and
      conditions as are made available to all employees of the Company
      generally.

            

    

     

    
      	
              4.

            	 
      	
              Vacation.
      Employee shall be entitled to a reasonable vacation(s) during each year of
      her employment under the Agreement.

            
	 	 	 
	
              5.

            	 
      	
              Reimbursement
      For Expenses. The Company shall reimburse the Employee within 30 days of
      the submission of appropriate documentation, and in no event later than
      the last day of the calendar year following the year in which an expense
      was incurred, for all reasonable and approved travel and entertainment
      expenses and other disbursements incurred by her for or on behalf of the
      Company in the course and scope of her employment under the
      Agreement.

            
	 	 	 
	6.	 	      
              Remedies
      for Breach. In addition to the rights and remedies provided in Section 7,
      and without waiving the same if Employee breaches, or threatens to breach,
      any of the provisions of Sections 9 or 10, the Company shall have the
      following rights and remedies, in addition to any others, each of which
      shall be independent of the other and severally
      enforceable:

            

    

     

    
      	 
      	
              (a)

            	 
      	
              The
      right and remedy to have such provisions specifically enforced by any
      court having equity jurisdiction. Employee specifically acknowledges and
      agrees that any breach or threatened breach of the provisions of Sections
      9 or 10 hereof will cause irreparable injury to the Company and that money
      damages will not provide an adequate remedy to the Company. Such
      injunction shall be available without the posting of any bond or other
      security. If the Employee is determined to have breached any provision of
      Sections 9 or 10 the court or arbitrators shall extend the effect of the
      non-competition provisions for an amount of time equal to the time the
      Employee was in breach thereof.

            
	 
      	 
      	 
      	 
      
	 
      	
              (b)

            	 
      	
              The
      right to require Employee to account for and pay over to the Company all
      compensation, profits, monies, accruals, increments or other benefits
      (hereinafter collectively the “Benefits”) derived or received by the
      Employee as a result of any transactions constituting a breach of any of
      the provisions of Sections 9 or 10.

            
	 
      	 
      	 
      	 
      
	 
      	
              (c)

            	 
      	
              Upon
      discovery by the Company of a breach or threatened breach of Sections 9 or
      10, the right to immediately suspend payments to Employee under Section 3
      or 8(b) pending a resolution of the dispute.

            
	 
      	 
      	 
      	 
      
	 
      	
              (d)

            	 
      	
              The
      right to terminate Employee’s employment pursuant to Section
      7.

            

    

     

    
      	
              7.

            	 
      	
              Termination
      of Agreement.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	 
      	
              (a)

            	 
      	
              Death.
      The Agreement shall automatically terminate upon the death of
      Employee.

            
	 
      	 
      	 
      	 
      
	 
      	
              (b)

            	 
      	
              Disability.
      If, as a result of Employee’s incapacity due to physical or mental
      illness, Employee shall have been substantially unable, either with or
      without reasonable accommodation, to perform her duties hereunder for an
      entire period of six (6) consecutive months, and within thirty (30) days
      after written Notice of Termination is given after such six (6) month
      period, Employee shall not have returned to the substantial performance of
      her duties on a full-time basis, the Company shall have the right to
      terminate Employee’s employment hereunder for Disability, and such
      termination in and of itself shall not be, nor shall it be deemed to be, a
      breach of the Agreement. Any dispute between the Employee and the Company
      regarding whether Employee has a Disability shall be determined in writing
      by a qualified independent physician mutually acceptable to the Employee
      and the Company. If the Employee and the Company cannot agree as to a
      qualified independent physician, each shall appoint a physician and those
      two physicians shall select a third who shall make such determination in
      writing. The determination of Disability made in writing to the Company
      and Employee shall be final and conclusive for all purposes of the
      Agreement. Employee acknowledges and agrees that a request by the Company
      for such a determination shall not be considered as evidence that the
      Company regarded the Employee as having a Disability.

            
	 
      	 
      	 
      	 
      
	 
      	
              (c)

            	 
      	
              Termination
      By Company For Cause. The Company may terminate the Agreement upon written
      notice to Employee at any time for “Cause” in accordance with the
      procedures provided below; provided, however, that
      the Company may instead give the Employee a written notice that it has
      elected to place the Employee on “garden leave” for a period of up to 90
      days and that the Agreement will terminate on the date immediately
      following the end of such garden leave period. If the Company elects to
      place the Employee on garden leave, the Company may during the period
      immediately preceding such termination date in its absolute discretion
      direct the Employee (i) to perform only such of her duties as the Company
      may direct; and/or, (ii) to refrain from contacting any customers,
      clients, advertisers, suppliers, agents, professional advisors, brokers or
      employees of the Company or any of its Affiliates (as defined in Section
      12(b)(iii)); and/or, (iii) not to enter all or any premises of the Company
      or any of its Affiliates and/or; (iv) to immediately resign without claim
      for compensation from office as director of the Company and any of its
      Affiliates and from any other office held by him in the Company or any of
      its Affiliates.

            

    

     

    
      	 
      	
              (i)

            	 
      	
              During
      any period when the provisions of the Section 7(c) are invoked, the
      Employee’s salary and other contractual benefits and compensation
      (including the vesting and exercisability of any equity awards) will
      continue to be paid or provided by the Company and the Employee will
      continue to comply without exception with all the Employee’s obligations
      under the Agreement. Notwithstanding anything herein to the contrary, the
      Company’s invocation of the provisions of the Section 7(c) shall not constitute
      Good Reason and the Company shall not be obligated to make any new awards
      under the Company’s Bonus Plan or equity compensation plans (other than
      awards, if any, due prior to the date that the Employee ceases to perform
      substantial duties for the Company pursuant to the Section 7(c)) during
      any period when the Employee is performing no substantial duties for the
      Company pursuant to the Section
7(c).

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	 
      	
              (d)

            	 
      	
              For
      purposes of the Agreement, “Cause” shall
mean:

            

    

     

    
      	 
      	
              (i)

            	 
      	
              the
      material breach of any provision of the Agreement by Employee which has
      not been cured within five business (5) days after the Company provides
      notice of the breach to Employee; provided, however, if the act or
      omission that is the subject of such notice is substantially similar to an
      act or omission with respect to which Employee has previously received
      notice and an opportunity to cure, then no additional notice is required
      and the Agreement may be terminated immediately upon the Company’s
      election and written notice to Employee);

            
	 
      	 
      	 
      	 
      
	 
      	
              (ii)

            	 
      	
              the
      entry of a plea of guilty or judgment entered after trial finding Employee
      guilty of a crime punishable by imprisonment in excess of one year
      involving moral turpitude (meaning a crime that includes the commission of
      an act of gross dishonesty or bad morals);

            
	 
      	 
      	 
      	 
      
	 
      	
              (iii)

            	 
      	
              willfully
      engaging by Employee in conduct that the Employee knows or reasonably
      should know is detrimental to the reputation, character or standing or
      otherwise injurious to the Company or any of its shareholders, direct or
      indirect subsidiaries and Affiliates, monetarily or
    otherwise;

            
	 
      	 
      	 
      	 
      
	 
      	
              (iv)

            	 
      	
              without
      limiting the generality of Section 7(c)(i), the breach or threatened
      breach of any of the provisions of Sections 9, 10 or 11;
  or

            
	 
      	 
      	 
      	 
      
	 
      	
              (v)

            	 
      	
              a
      ruling in any state or federal court or by an arbitration panel that the
      Employee has breached the provisions of a non-compete or non-disclosure
      agreement, or any similar agreement or understanding which would in any
      way limit, as determined by the Board of Directors of the Company, the
      Employee’s ability to perform under the Agreement now or in the
      future.

            
	 
      	
              (e)

            	 
      	
              Termination
      By Company Without Cause. The Company may terminate the Agreement at any
      time, and for any reason, by providing at least thirty (30) days written
      notice to Employee.

            
	 
      	 
      	 
      	 
      
	 
      	
              (f)

            	 
      	
              Termination
      By Employee With Good Reason. Employee may terminate his employment with
      good reason anytime after Employee has actual knowledge of the occurrence,
      without the written consent of Employee, of one of the following events
      (each event being referred to herein as “Good
  Reason”):

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	 
      	
              (i)

            	 
      	
              (A)
      any change in the duties or responsibilities (including reporting
      responsibilities) of Employee that is inconsistent in any adverse
      respect

            

    

     

    
      	 
      	 
      	 
      	
              with
      Employee’s position(s), duties, responsibilities or status with the
      Company immediately prior to such change (including any diminution of such
      duties or responsibilities) or (B) an adverse change in Employee’s titles
      or offices (including, membership on the Board of Directors) with the
      Company;

            
	 
      	
              (ii)

            	 
      	
              a
      reduction in Employee’s Base Salary or Bonus
  opportunity;

            
	 
      	 
      	 
      	 
      
	 
      	
              (iii)

            	 
      	
              the
      relocation of the Company’s principal executive offices from
      Orlando;

            
	 
      	 
      	 
      	 
      
	 
      	
              (iv)

            	 
      	
              the
      failure of the Company to continue in effect any material employee benefit
      plan, compensation plan, welfare benefit plan or fringe benefit plan in
      which Employee is participating immediately prior to the date of the
      Agreement or the taking of any action by the Company which would adversely
      affect Employee’s participation in or reduce Employee’s benefits under any
      such plan, unless Employee is permitted to participate in other plans
      providing Employee with substantially equivalent
  benefits;

            
	 
      	 
      	 
      	 
      
	 
      	
              (v)

            	 
      	
              any
      refusal by the Company to continue to permit Employee to engage in
      activities not directly related to the business of the Company which
      Employee was permitted to engage in prior to the date of the
      Agreement;

            
	 
      	 
      	 
      	 
      
	 
      	
              (vi)

            	 
      	
              the
      Company’s failure to provide in all material respects the indemnification
      set forth in the Company’s Articles of Incorporation, By-Laws, or any
      other written agreement between Employee and Company;

            
	 
      	 
      	 
      	 
      
	 
      	
              (vii)

            	 
      	
              a
      Change in Control of the Company;

            
	 
      	 
      	 
      	 
      
	 
      	
              (viii)

            	 
      	
              the
      failure of the Company to obtain the assumption agreement from any
      successor giving rise to a Change of Control as contemplated in Section 12
      (a);

            
	 
      	 
      	 
      	 
      
	 
      	
              (ix)

            	 
      	
              any
      other breach of a material provision of the Agreement by the
      Company.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              For
      purposes of clauses (iii) through (vi) and (ix) above, an isolated,
      insubstantial and inadvertent action taken in good faith and which is
      remedied by the Company within ten (10) days after receipt of notice
      thereof given by Employee shall not constitute Good Reason. Employee’s
      right to terminate employment with Good Reason shall not be affected by
      Employee’s incapacity due to mental or physical illness and Employee’s
      continued employment shall not constitute consent to, or a waiver of
      rights with respect to, any event or condition constituting
      cause.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
              8.

            	 
      	
              Effect
      of Termination. Upon the termination of the Agreement, no rights of
      Employee which shall have accrued prior to the date of such termination,
      including the right to receive any bonus Fully-Earned through the date of
      such termination, shall be affected in any
way.

            

    

     

    
      	 
      	
              (a)

            	 
      	
              Upon
      Death of Employee.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              During
      the Term, if Employee’s employment is terminated due to her death,
      Employee’s estate shall be entitled to receive the Base Salary set forth
      in Section 3 accrued through the date of death and any bonus Fully-Earned
      (as herein defined) through the date of such termination; provided,
      however, Employee’s estate shall not be entitled to any other benefits
      (except as provided by law or separate agreement). “Fully-Earned” shall
      mean that for purposes of determining whether the Employee shall be
      entitled to a bonus, that such Employee shall be treated as if she had
      been employed through the last date of the regular period for determining
      whether or not a bonus is payable in the standard manner that all such
      employees are evaluated even though Employee is no longer employed by the
      Company, and her eligibility for an incentive bonus, if any, shall be
      determined accordingly. Further, a surviving spouse of Employee shall be
      eligible for

              continuation
      of family benefits pursuant to Section 3(c) subject to compliance with
      Plan provisions at the full premium rate (Company plus employee portion)
      for a one year period after the date of termination.

            
	 
      	 
      	 
      	 
      
	 
      	
              (b)

            	 
      	
              For
      Disability; By Company Without Cause; By Employee with Good
      Reason.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              If
      the Agreement is terminated under Section 7 (b), (e) or
    (f):

            

    

     

    
      	 
      	
              (i)

            	 
      	
              Employee
      shall be entitled to receive her Base Salary set forth in Section 3
      accrued through the date of such termination and any bonus Fully-Earned
      through the date of such termination, and shall receive a severance equal
      to 12 months salary, paid out in 12 equal monthly
      installments.

            
	 
      	 
      	 
      	 
      
	 
      	
              (ii)

            	 
      	
              All
      unvested stock options and restricted stock grants previously awarded to
      Employee by the Company or Argonaut shall remain in full force and effect
      as if no termination had occurred, and

            
	 
      	 
      	 
      	 
      

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	 
      	 
      	 
      	
              Employee
      may have against any of them, to the extent such claims arise from
      Employee’s employment hereunder, and any revocation period with respect to
      such release have expired, prior to the six month anniversary of the date
      of such termination, and

            
	 
      	
              (iv)

            	 
      	
              Employee
      shall no longer be bound by the prohibitions contained in Section 10.3 and
      10.4.2 hereof prohibiting Employee from engaging or having any interests
      in, directly or indirectly, in a competitive business or soliciting
      employees; provided, however, Employee shall remain bound by the further
      prohibition contained in Section 10.4.1, and

            
	 
      	 
      	 
      	 
      
	 
      	
              (v)

            	 
      	
              Except
      as provided for in the Section 8(b), Employee shall not have any rights
      which have not previously accrued upon termination of the
      Agreement.

            

    

     

    
      	 
      	
              (c)

            	 
      	
              By
      Company With Cause

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              In
      the event of termination of Employee’s employment Section 7(c) Employee
      shall be entitled to receive the Base Salary and benefits set forth in
      Section 3 accrued through the date of termination, and she shall not be
      entitled to any other benefits (except as required by
  law).

            
	 
      	 
      	 
      	 
      

    

     

    
      	
              9.

            	 
      	
              Confidential
      Information.

            

    

     

    
      	 
      	
              (a)

            	 
      	
              The
      Company shall disclose to Employee, or place Employee in a position to
      have access to or develop, trade secrets or confidential information of
      Company or its Affiliates; and/or shall entrust Employee with business
      opportunities of Company or its Affiliates; and/or shall place Employee in
      a position to develop business good will on behalf of Company or its
      Affiliates.

            
	 
      	 
      	 
      	 
      
	 
      	
              (b)

            	 
      	
              The
      Employee acknowledges that in her employment hereunder she occupies a
      position of trust and confidence and agrees that she will treat as
      confidential and will not, without prior written authorization from the
      Company, directly or indirectly, disclose or make known to any person or
      use for her own benefit or gain, the methods, process or manner of
      accomplishing the business undertaken by the Company or its Affiliates, or
      any non-public information, plans, formulas, products, trade secrets,
      marketing or merchandising strategies, or confidential material or
      information and instructions, technical or otherwise, issued or published
      for the sole use of the company, or information which is disclosed to the
      Employee or in any acquired by him during the term of the Agreement, or
      any information concerning the present or future business, processes, or
      methods of operation of the Company or its Affiliates, or concerning
      improvement, inventions or know how relating to the same or any part
      thereof, it being the intent of the Company, with which intent the
      Employee hereby agrees, to restrict him from disseminating or using for
      her own benefit any information belonging directly or indirectly to the
      Company which is unpublished and not readily available to the general
      public.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	 
      	
              (c)

            	 
      	
              The
      confidentiality obligations set forth in (a) and (b) of the Section 9
      shall apply during Employee’s employment and for a period of one year
      after termination of employment.

            
	 
      	 
      	 
      	 
      
	 
      	
              (d)

            	 
      	
              All
      information, ideas, concepts, improvements, discoveries, and inventions,
      whether patentable or not, that are conceived, made, developed or acquired
      by Employee, individually or in conjunction with others, during Employee’s
      employment with Company (whether during business hours or otherwise and
      whether on the premises of the Company or one of its Affiliate or
      otherwise) that relate to the business, products or services of the
      Company or any of its Affiliates shall be disclosed to the Board of
      Directors and are and shall be the sole and exclusive property of the
      Company or such Affiliate. Moreover, all documents, drawings, memoranda,
      notes, records, files, correspondence, manuals, models, specifications,
      computer programs, e-mail, voice mail, electronic data bases, maps and all
      other writings and materials of any type embodying any such information,
      ideas, concepts, improvements, discoveries and inventions are and shall be
      the sole and exclusive property of the Company. Upon termination of
      Employee’s employment by the Company, for any reason, Employee promptly
      shall deliver the same, and all copies thereof, to the
      Company.

            
	 
      	 
      	 
      	 
      
	 
      	
              (e)

            	 
      	
              If,
      during Employee’s employment by the Company, Employee creates any work of
      authorship fixed in any tangible medium of expression that is the subject
      matter of copyright (such as video tapes, written presentations, or
      acquisitions, computer programs, e-mail, voice mail, electronic data
      bases, drawings, maps, architectural renditions, models, manuals,
      brochures or the like) relating to the Company’s business, products or
      services, whether such work is created solely by Employee or jointly with
      others (whether during business hours or otherwise and whether on the
      Company’s premises or otherwise), the Company shall be deemed the author
      of such work if the work is prepared by Employee in the scope of
      Employee’s employment.

            

    

     

    
      	      
              10.

            	 	 	      
              Restrictive
      Covenants

            
	 	 	 	 
	 	      
              10.1

            	 	      
              For
      the purposes of the Section, the following words have the following
      meanings:

            
	 	 	 	 
	 
      	
              10.1.1

            	 
      	
              “Company
      Services” means any services (including but not limited to technical and
      product support, technical advice, underwriting and customer services)
      supplied by the Company or its Affiliates in the specialty property and/or
      casualty insurance business;

            
	 
      	 
      	 
      	 
      
	 
      	
              10.1.2

            	 
      	
              “Confidential
      Information” has the meaning ascribed thereto in Section
  9;

            
	 
      	 
      	 
      	 
      
	 
      	
              10.1.3

            	 
      	
              “Customer”
      means any person or firm or company or other organization whatsoever to
      whom or which the Company supplied Company Services during the Restricted
      Period and with whom or which, during the Restricted Period:

              (a)
      the Employee had material personal dealings pursuant to her employment; or
      (b)
      any employee who was under the direct or indirect supervision of the
      Employee had material personal dealings pursuant to their
      employment.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	 
      	
              10.1.5

            	 
      	
              “Prospective
      Customer” means any person or firm or company or other organization
      whatsoever with whom or which the Company or its Affiliates shall have had
      negotiations or material discussions regarding the possible distribution,
      sale or supply of Company Services during the Restricted Period and with
      whom or which during such period:

              (a)
      the Employee shall have had material personal dealings pursuant to her
      employment; or

              (b)
      any employee who was under the direct or indirect supervision of the
      Employee shall have had material personal dealings pursuant to their
      employment; or

              (c)
      the Employee was directly responsible in a client management capacity on
      behalf of the Company.

            
	 
      	 
      	 
      	 
      
	 
      	
              10.1.6

            	 
      	
              “Restricted
      Area” means:

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              (a)
      any geographic area in which the Company or Affiliates provided Restricted
      Services and for which the Employee was responsible in the 12 months
      preceding the date of Employee’s termination of employment by the
      Company.

            
	 
      	 
      	 
      	 
      
	 
      	
              10.1.7

            	 
      	
              “Restricted
      Employee” means any person who on the date of Employee’s termination of
      employment by the Company was at the level of director, manager,
      underwriter or salesperson with whom the Employee had material contact or
      dealings in the course of her Employment during the Restricted
      Period;

            
	 
      	 
      	 
      	 
      
	 
      	
              10.1.8

            	 
      	
              “Restricted
      Period” means the period of 12 months ending on the last day of the
      Employee’s employment with the Company or, in the event that no duties
      were assigned to the Employee or the Employee was placed upon garden
      leave, the 12 months immediately preceding the last day on which the
      Employee carried out any duties for the Company;

            
	 	 	 	 
	 
      	
              10.1.10

            	 
      	
              “Restricted
      Services” means Company Services or any services of the same or of a
      similar kind.

            
	 	 	 	 
	 	      
              10.2

            	 	      
              The
      Employee recognizes that, whilst performing her duties for the Company,
      she will have access to and come into contact with trade secrets and
      confidential information belonging to the Company and its Affiliates and
      will obtain personal knowledge of and influence over its or their
      customers and/or employees. The Employee therefore agrees that the
      restrictions set out in the Section are reasonable and necessary to
      protect the legitimate business interests of the Company and its
      Affiliates both during and after the termination of her
      employment.

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

       

    

    
      	 	10.3	 	      
              The
      Employee hereby undertakes with the Company that she will not during her
      employment with the Company and for the period of twelve months after she
      ceases to be employed by the Company whether by himself through her
      employees or agents or otherwise howsoever and whether on her own behalf
      or on behalf of any other person, firm, company or other organization,
      directly or indirectly:

            
	 	 	 	 
	 
      	
              10.3.1

            	 
      	
              in
      competition with the Company or its Affiliates within the Restricted Area,
      be employed or engaged or otherwise interested in the business of
      researching into, developing, underwriting, distributing, selling,
      supplying or otherwise dealing with Restricted Services;
  or

            
	 
      	 
      	 
      	 
      
	 
      	
              10.3.2

            	 
      	
              in
      competition with the Company or its Affiliates, accept orders or
      facilitate the acceptance of any orders or have any business dealings for
      Restricted Services from any Customer or Prospective Customer;
      or

            
	 
      	 
      	 
      	 
      
	 
      	
              10.3.3

            	 
      	
              employ
      or otherwise engage in the business of or be personally involved to a
      material extent in employing or otherwise engaging in the business of
      researching into, developing, distributing, selling, supplying or
      otherwise dealing with Restricted Services, any person who was during the
      Restricted Period employed or otherwise engaged by the Company and who by
      reason of such employment or engagement is reasonably likely to be in
      possession of any trade secrets or Confidential Information relating to
      the business of the Company.

            
	 	 	 	 
	 	      
              10.4

            	 	      
              The
      Employee hereby undertakes with the Company that she shall not during her
      employment with the Company and for the period of 24 months after Employee
      ceases to be employed by the Company without the prior written consent of
      the Company whether by himself through her employees or agents or
      otherwise howsoever and whether on her own behalf or on behalf of any
      other person, firm, company or other organisation directly or
      indirectly:

            
	 	 	 	 
	 	      
              10.4.1

            	 	      
              in
      competition with the Company, solicit business from or endeavour to entice
      away or canvass any Customer or Prospective Customer if such solicitation
      or canvassing is in respect of Restricted
  Services;

            
	 	 	 	 
	 	      
              10.4.2

            	 	      
              solicit
      or induce or endeavor to solicit or induce any Restricted Employee to
      cease working for or providing services to the Company, whether or not any
      such person would thereby commit a breach of
    contract.

            
	 	 	 	 
	 	      
              10.5

            	 	      
              The
      benefit of Sections 10.3 and 10.4 shall be held on trust by the Company
      for each of its Affiliates and the Company reserves the right to assign
      the benefit of such provisions to any of its Affiliates, in addition such
      provisions also apply as though there were substituted for references to
      “the Company” references to each of its Affiliates in relation to which
      the Employee has in the course of her duties for the Company or by reason
      of rendering services to or holding office in such
      Affiliate:

            
	 	 	 	 
	 	      
              10.5.1

            	 	      
              acquired
      knowledge of its trade secrets or Confidential Information;
      or

            
	 	 	 	 
	 	      
              10.5.2

            	 	      
              had
      material personal dealings with its Customers or Prospective Customers;
      or

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
      	 
      	
              10.5.3

            	 
      	
              supervised
      directly or indirectly employees having material personal dealings with
      its Customers or Prospective Customers but so that references in Section
      10 to “the Company” shall for the purpose be deemed to be replaced by
      references to the relevant Affiliate. The obligations undertaken by the
      Employee pursuant to the Section 10.5 shall, with respect to each
      Affiliate of the Company, constitute a separate and distinct covenant and
      the invalidity or unenforceability of any such covenant shall not affect
      the validity or enforceability of the covenants in favour of any other
      Affiliate or the Company.

            
	 	 	 	 
	 	      
              10.6

            	 	      
              The
      parties agree that the periods referred to in Sections 10.3 and 10.4 above
      will be reduced by one day for every day, during which, at the Company’s
      direction the Employee has been excluded from the Company’s premises and
      has not carried out any duties.

            
	 	 	 	 
	 	10.7	 	While
      the restrictions in the Section 10 (on which the Employee has had the
      opportunity to take independent advice, as the Employee hereby
      acknowledges) are considered by the parties to be reasonable in all the
      circumstances, it is agreed that if any such restrictions, by themselves,
      or taken together, shall be adjudged to go beyond what is reasonable in
      all the circumstances for the protection of the legitimate interests of
      the Company or its Affiliates but would be adjudged reasonable if part or
      parts of the wording thereof were deleted, the relevant restriction or
      restrictions shall apply with such deletion(s) as may be necessary to make
      it or them valid and effective.

    

     

    
      	
              11.

            	 
      	
              [Intentionally
      blank]

            
	 
      	 
      	 
      
	
              12

            	 
      	
              Change
      Of Control.

            

    

     

    
      	 
      	
              (f)

            	 
      	
              For
      purposes of the Agreement, a “Change of Control” shall be deemed to occur
      if:

            
	 	 	 	 
	 
      	
              (i)

            	 
      	
              Any
      Person, other than (1) the Company or any of its subsidiaries, (2) a
      trustee or other fiduciary holding securities under an employee benefit
      plan of the Company or any of its Affiliates, (3) an underwriter
      temporarily holding securities pursuant to an offering of such securities,
      or (4) a corporation owned, directly or indirectly, by the shareholders of
      the Company in substantially the same proportions as their ownership of
      stock of the Company, is or becomes the Beneficial Owner, directly or
      indirectly, of securities of the Company (not including in the securities
      beneficially owned by such person any securities acquired directly from
      the Company or its Affiliates) representing 50% or more of the combined
      voting power of the Company’s then outstanding securities, or 50% or more
      of the then outstanding common stock of the Company, excluding any Person
      who becomes such a Beneficial Owner in connection
      with a merger or consolidation of the Company described in (ii)
      below.

            

    

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    
      
         

      

    

    
      	 
      	
              (ii)

            	 
      	
              There
      is consummated a merger or consolidation of the Company or any direct or
      indirect subsidiary of the Company with any other corporation, except if:
      (A) the merger or consolidation would result in the voting securities of
      the Company outstanding immediately prior thereto continuing to represent
      (either by remaining outstanding or by being converted into voting
      securities of the surviving entity or any parent thereof) at least fifty
      percent (50%) of the combined voting power of the voting securities of the
      Company or such surviving entity or any parent thereof outstanding
      immediately after such merger or consolidation; or (B) the merger or
      consolidation is effected to implement a recapitalization of the Company
      (or similar transaction) in which no Person is or becomes the beneficial
      owner, directly or indirectly, of securities of the Company (not including
      in the securities beneficially owned by such Person any securities
      acquired directly from the Company or its Affiliates other than in
      connection with the acquisition by the Company or its Affiliates of a
      business) representing 50% or more of the combined voting power of the
      Company’s then outstanding securities;

            
	 
      	 
      	 
      	 
      
	 
      	
              (iii)

            	 
      	
              The
      shareholders of the Company approve a plan of complete liquidation or
      dissolution of the Company or an agreement for the sale or disposition by
      the Company of all or substantially all the Company’s assets, other than a
      sale or disposition by the Company of all or substantially all of the
      Company’s assets to an entity, at least 50% of the combined voting power
      of the voting securities of which are owned by the stockholders of the
      Company in substantially the same proportions as their ownership of the
      Company immediately prior to such sale.

            
	 
      	 
      	 
      	 
      
	 
      	
              (iv)

            	 
      	
              During
      any one year period, individuals who at the beginning of the period
      constitute the Board of Directors of the Company cease for any reason to
      constitute a majority of the Board of Directors.

            
	 	 	 	 
	 
      	
              (g)

            	 
      	
              For
      purposes of the Section 12:

            

    

     

    
      	 
      	
              (i)

            	 
      	
              The
      term “Person” shall have the meaning
      given in Section 3(a)(9) of the 1934 Act as modified and used in Sections
      13(d) and 14(d) of the 1934 Act.

            
	 
      	 
      	 
      	 
      
	 
      	
              (ii)

            	 
      	
              The
      term “Beneficial Owner” shall have the meaning provided in Rule 13d-3
      under the 1934 Act.

            
	 
      	 
      	 
      	 
      
	 
      	
              (iii)

            	 
      	
              The
      term “Affiliate” means, with respect to any individual or a corporation,
      partnership, trust, incorporated or unincorporated association, joint
      venture, limited liability company, joint stock company,
      government (or an agency or political subdivision thereof) or other entity
      of any kind (each a “person”), any other person that directly or
      indirectly controls or is controlled by or under common control with such
      person. For the purposes of the definition, “control” when used with
      respect to any person, means the possession, direct or indirect, of the
      power to direct or cause the direction of the management and policies of
      such person, whether through the ownership of voting securities, by
      contract or otherwise; and the terms of “affiliated”, “controlling” and
      “controlled” have meanings correlated to the
    foregoing.

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    
      	      
              13.

            	 	      
              Successors
      and Assigns. The Agreement is personal in its nature and neither of the
      parties hereto shall, without the consent of the other, assign or transfer
      the Agreement or any rights or obligations hereunder, provided, however,
      that the provisions hereof shall ensure to the benefit of, and be binding
      upon, each successor of the Company, whether by merger, consolidation,
      acquisition or otherwise, unless otherwise agreed to by the Employee and
      the Company.

            
	 	 	 
	
              14.

            	 
      	
              Notices.
      Any notice required or permitted to be given to the Employee pursuant to
      the Agreement shall be sufficiently given if sent to the Employee by
      registered or certified mail addressed to the Employee at
      ________________________________________________________________________,
      or at such other address as she shall designate by notice to the Company,
      and any notice required or permitted to be given to the Company pursuant
      to the Agreement shall be sufficiently given if sent to the Company by
      registered or certified mail addressed to it at
      ____________________________________________________________, or at such
      other address as it shall designate by notice to the
    Employee.

            
	 	 	 
	
              15.

            	 
      	
              Invalid
      Provisions. The invalidity or unenforceability of a particular provision
      of the Agreement shall not affect the enforceability of any other
      provisions hereof and the Agreement shall be construed in all respects as
      if such invalid or unenforceable provision were
  omitted.

            

    

     

    
      	
              16.

            	 
      	
              Amendments
      To The Agreement. The Agreement may only be amended in writing by an
      agreement executed by both parties hereto.

            
	 	 	 
	
              17.

            	 
      	
              Entire
      Agreement. The Agreement contains the entire agreement of the parties
      hereto and supersedes any and all prior agreements, oral or written, and
      negotiations between said parties regarding the subject matter contained
      herein.

            

    

     

    
      	
              18.

            	 
      	
              Applicable
      Law and Venue. The Agreement is entered into under, and shall be governed
      for all purposes, by the laws of the United States; with venue of any
      lawsuit between the parties in United
States.

            

    

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	
              19.

            	 
      	
              No
      Waiver. No failure by either party hereto at any time to give notice of
      any breach by the other party of, or to require compliance with, any
      condition or provision of the Agreement shall be deemed a waiver of
      similar or dissimilar provisions or conditions at the same or at any prior
      or subsequent time.

            

    

     

    
      	
              20.

            	 
      	
              Severability.
      If a Court of competent jurisdiction determines that any provision of the
      Agreement is invalid or unenforceable, then the invalidity or
      unenforceability of that provision shall not affect the validity or
      unenforceability of any other provision of the Agreement, and all other
      provisions shall remain in full force and effect.

            
	 	 	 
	
              21.

            	 
      	
              Counterparts.
      The Agreement may be executed in one or more counterparts, each of which
      shall be deemed to be an original, but all of which together will
      constitute one in the same
agreement.

            

    

     

    
      	
              22.

            	 
      	
              Withholding
      of Taxes and Other Employee Deductions. The Company may withhold from any
      benefits and payments made pursuant to the Agreement all federal, state,
      city and other taxes as may be required pursuant to any law or
      governmental regulation or ruling and any and all other normal employee
      deductions made with respect to the Company’s employees
      generally.

            
	
              23.

            	 
      	
              Section
      409A of the Code. The provisions of the Agreement and any payments made
      herein are intended to comply with, and should be interpreted consistent
      with, the requirements of Section 409A of the Code, and any related
      regulations or other effective guidance promulgated thereunder
      (collectively, “Section 409A”). The time or schedule of a payment to which
      the Executive is entitled under the Agreement may be accelerated at any
      time that the Agreement fails to meet the requirements of Section 409A and
      any such payment will be limited to the amount required to be included in
      the Executive’s income as a result of the failure to comply with Section
      409A. Reference herein to termination of employment shall be deemed to
      mean a separation from service.

            
	 
      	 
      	 
      
	 
      	 
      	
              In
      witness whereof, the parties hereto have executed the Agreement as of the
      day and year above written.

            

    

     

    
      
        	 	      
                Gen2Media
      Corporation

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

      

     

     

    14CONSULTING AGREEMENT

CONSULTING AGREEMENT

This Agreement
is made and entered into effective February 15th, 2008 by and between
L.G. Zangani, LLC (“LGZ”) and Rival Technologies, Inc (“COMPANY”).

1.
 LGZ shall serve, on a non-exclusive basis, as a business development
consultant to the company during the term of this Agreement, with purpose of
exposing the Company to the Investment and Business Communities. Company
acknowledges and agrees that LGZ will be serving other clients during the term
of this Agreement and that the Company shall not be entitled to the exclusive
time and attention of LGZ in the performance of its services hereunder.
 LGZ agrees to use its best efforts and professional expertise in
performing services for Company hereunder.  The Company further
acknowledges and agrees that LGZ has the right to conduct such due diligence on
Company as it deems necessary.  Company and any of its officers and agents
agree to fully cooperate with LGZ with regard to such due diligence.  All
information provided for distribution by Company will comply with the anti-fraud
provisions of the federal securities laws.  LGZ will not issue any written
statements without approval by Company and will retain in confidence any
material nonpublic information disclosed to them by Company.

2.
 The term of this Agreement shall commence on February15th, 2008
and end on August 15th, 2008.  The Agreement will automatically
renew at the same terms and conditions if not canceled, in writing, on thirty
days notice from the termination date. Notwithstanding anything to the contrary,
LGZ may terminate this agreement at any time if in its opinion Company has
provided or caused to be provided false or misleading information to LGZ.
 

3.
 As compensation for consulting services hereunder, Company shall pay LGZ
the sum of five thousand dollars ($5,000) for each month of services. Service
payments are to be made prior to the commencement of services. If payment is not
received by the 5th day of the service month, service will be
stopped.

4.
 LGZ shall also be entitled to a success fee of three percent (3%) per
annum retained by COMPANY only if, as a result of LGZ providing the services,
COMPANY commences a commercial or financial relationship with one or more
Companies during the term of this Agreement or in the one (1) year following
termination of this Agreement. Also, for the purposes of this Agreement, such
efforts shall include introductions and referrals of any persons employed by any
one of the Companies to COMPANY by LGZ. For greater clarity, the success fee
shall only be payable if the aforementioned commercial relationship commences
with one or more of the Companies within the term of the Agreement or within the
one (1)  year following termination of this Agreement. The success fee
referred to herein shall only be payable by COMPANY in respect of the
consecutive five (5) calendar years following the commencement of the
aforementioned commercial relationship to Leonardo Zangani and/or his
 survivor(s).

5. In
addition, Company shall issue to Leonardo G. Zangani options expiring at the
close of business on August 15th, 2013, to purchase up to eighteen
thousand (18,000) shares of Company’s Common Stock at an exercise price equal to
the closing price of the common stock, the day prior to the signing or renewal
of this contract. If the contract, between the parties, stays in place Leonardo
G. Zangani will be granted three thousand (3,000) options for every 30 day
period at a price equal to the closing price of the common stock the day before
the renewal date. Said options shall be issued as of the date of this agreement
and shall be subject to any stock split accomplished after that date and vested
in the amount of three thousand (3,000) shares every 30 days for the life of the
contract. In the event the contract is terminated, LGZ will be entitled to
receive options until that date. The options shall be delivered within 10 days
of the signing of the contract.

6.
 By executing hereof, Leonardo G. Zangani hereby agrees and acknowledges
that the warrants to be issued by Company hereunder, and the shares of Company
Common Stock issuable upon exercise of such warrants, are being offered and will
be issued without registration or qualification under federal and state
securities laws, pursuant to applicable exemptions from such registration and
qualification requirements.  In connection with the foregoing, Leonardo G.
Zangani hereby represents and warrants to Company as follows:

(i)  By reason of his business and financial experience and
knowledge, he has the capacity to evaluate the merits and risks of an investment
in Company and to protect his interests in connection with the issuance of
warrants, the exercise of warrants and the issuance of Common Stock in
connection herewith.

(ii)  He is acquiring the warrants, and upon exercise of the
warrants, will acquire shares of Common Stock for his own account and not with a
view to the sale in connection with any distribution of Company’s
securities.

(iii) He has received no offer of Company securities by any form
of general solicitation or general advertising including, but not limited to,
any advertisement, article, notice, or any other communication published in any
newspaper, magazine, or similar medium or broadcast over television or radio or
any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising.

(iv) He is an accredited investor, as that term is defined in
Regulation D promulgated under the Securities Act of 1933, as amended.

(v) He will not offer, sell or otherwise transfer the warrants or
the shares of Common Stock issuable upon exercise of the warrants unless such
securities are registered or qualified under the Securities Act of 1933, as
amended, and under relevant state securities laws, or an exemption from such
registration or qualification requirements is applicable to such offer, sale or
transfer.

7.
 This Agreement contains the entire agreement and understanding of the
parties concerning the subject matter hereof and supersedes and replaces all
prior and contemporaneous negotiations, proposed agreements and agreements,
whether written or oral.  This agreement may be amended or altered and
rights hereunder may be waived only by a written instrument signed by the party
to be bound thereby.

8.
 This Agreement shall be interpreted in accordance with the laws of the
State of New Jersey applicable to contracts that are negotiated, executed and
performed wholly within said state and without regard to any choice of laws of
principles applied under the laws of such state.  THE PARTIES HEREBY
CONSENT TO THE JURISDICTION OF THE APPROPRIATE FEDERAL OF STATE COURTS SITTING
IN THE COUNTY OF HUNTERDON FOR ANY AND ALL DISPUTES ARISING UNDER THIS AGREEMENT
AND THE PARTIES HEREBY WAIVE ANY AND ALL DEFENSES BASED ON PERSONAL JURISDICTION
OF SUCH COURT.

9.
 This Agreement may be executed in one or more counterparts, each of which
shall be considered an original and all of which together shall constitute one
and the same agreement.

10. If
during the term of this contract, negotiations, licensing or business
development projects and/or talks have begun between COMPANY and a third party
as a result of LGZ efforts, the contract terms will stay in place until said
project has been completed or concluded.

In Witness
hereof, the undersigned have executed this Agreement as of the 15th
day of February, 2008.

L.G.
Zangani, LLC

Rival
Technologies, Inc.

By:
/s/ Leonardo Zangani 

               
By: /s/Douglas B. Thomas

Leonardo
Zangani

D.B.
(Doug) Thomas

Partner

President
& CEO

By signing
this Agreement, Client certifies that no changes have been made to the
electronic file delivered by LG Zangani, LLC without their knowledge and
consent.

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