Document:

ex404.htm

    Exhibit
4.04

    Warrant
Certificate No. ___

    

    

    NEITHER
THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES ISSUABLE UPON
THE EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH
SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, ASSIGNED OR OTHERWISE
TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS
EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN
EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF
COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE
SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED,
ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES
LAWS.

     

    

     

    
      	Effective Date:
      [   ], 2009 	

              Void
      After: [   ], 2014

            

    

     

     

     

    AMBER
READY, INC.

    

    WARRANT
TO PURCHASE COMMON STOCK

    

    AMBER
Ready, Inc., a Nevada corporation (the “Company”), for value received
on [  ], 2009 (the “Effective Date”), hereby
issues to [          ]
(the “Holder”)
this Warrant (the “Warrant”) to purchase, [        ]
shares (each such share as from time to time adjusted as hereinafter provided
being a “Warrant Share”
and all such shares being the “Warrant Shares”) of the
Company’s Common Stock (as defined below), at the Exercise Price (as defined
below), as adjusted from time to time as provided herein, on or before
[   ], 2014 (the “Expiration Date”), all subject
to the following terms and conditions. Unless otherwise defined in this Warrant,
terms appearing in initial capitalized form shall have the meaning ascribed to
them in that certain Subscription Agreement between the Company and the
purchaser signatory thereto pursuant to which this Warrant was issued (the
“Subscription
Agreement”).

    

    As used
in this Warrant, (i) “Business
Day” means any day other than Saturday, Sunday or any other day on which
commercial banks in the City of New York, New York, are authorized or required
by law or executive order to close; (ii) “Common Stock” means the common
stock of the Company, par value $0.0001 per share, including any securities
issued or issuable with respect thereto or into which or for which such shares
may be exchanged for, or converted into, pursuant to any stock dividend, stock
split, stock combination, recapitalization, reclassification, reorganization or
other similar event; (iii) “Exercise Price” means $1.50
per share of Common Stock, subject to adjustment as provided herein; (iv) “Trading Day” means any day on
which the Common Stock is traded on the primary national or regional stock
exchange on which the Common Stock is listed, or if not so listed, the OTC
Bulletin Board, if quoted thereon, is
open for the transaction of business; and (v) “Affiliate” means any person
that, directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, a person, as such terms are used
and construed in Rule 144 promulgated under the Securities Act of 1933, as
amended (the “Securities
Act”).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    
      	
              1.

            	
              DURATION
      AND EXERCISE OF WARRANTS

            

    

    

    
      
        	
                   
      (a)

              	
                Exercise
      Period.  The Holder may exercise this Warrant in whole or
      in part on any Business Day on or before 5:00 P.M., Eastern Time, on the
      Expiration Date, at which time this Warrant shall become void and of no
      value.

              

      

    

     

    
      	
               
      

            	
              (b)

            	
              Exercise
      Procedures.

            

    

    

    (i)           While
this Warrant remains outstanding and exercisable in accordance with Section
1(a), in addition to the manner set forth in Section 1(b)(ii) below, the Holder
may exercise this Warrant in whole or in part at any time and from time to time
by:

    

    (A)           delivery
to the Company of a duly executed copy of the Notice of Exercise attached as
Exhibit A;

    

    (B)           surrender
of this Warrant to the Secretary of the Company at its principal offices or at
such other office or agency as the Company may specify in writing to the Holder;
and

    

    (C)           payment
of the then-applicable Exercise Price per share multiplied by the number of
Warrant Shares being purchased upon exercise of the Warrant (such amount, the
“Aggregate Exercise
Price”) made in the form of cash, or by certified check, bank draft or
money order payable in lawful money of the United States of America or in the
form of a Cashless Exercise to the extent permitted in Section 1(b)(ii)
below.

    

    (ii)           At
any time when a registration statement required by that certain Registration
Rights Agreement among the Company, the Holder and the other Holders of Warrants
covering the resale of, among other securities, the Warrant Shares by the Holder
is not available after 150 days after the end of the Offering Period, the Holder
may, in its sole discretion, exercise all or any part of the Warrant in a
“cashless” or “net-issue” exercise (a “Cashless Exercise”) by
delivering to the Company (1) the Notice of Exercise and (2) the original
Warrant, pursuant to which the Holder shall surrender the right to receive upon
exercise of this Warrant, a number of Warrant Shares having a value (as
determined below) equal to the Aggregate Exercise Price, in which case, the
number of Warrant Shares to be issued to the Holder upon such exercise shall be
calculated using the following formula:

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

                                             X              =              Y * (A -
B)

                                                                                      
A

                  with:                            

     

    
      	
               
      

            	 	
              X
      =

            	the number of Warrant Shares to be issued to the
Holder

    

    

    
      	
               
      

            	 	
              Y
      =

            	
              the
      number of Warrant Shares with respect to which the Warrant is being
      exercised

            

    

    

    
      	
               
      

            	 	
              A
      =

            	
              the
      fair value per share of Common Stock on the date of exercise of this
      Warrant

            

    

    

    
      	
               
      

            	 	B = 	the then-current Exercise Price of the
Warrant

    

     

    
 

                                             

    

    Solely
for the purposes of this paragraph, “fair value” per share of Common Stock shall
mean (A) the average of the closing sales prices, as quoted on the primary
national or regional stock exchange on which the Common Stock is listed, or, if
not listed, the OTC Bulletin Board if quoted thereon, on the twenty (20) trading
days immediately preceding the date on which the Notice of Exercise is deemed to
have been sent to the Company, or (B) if the Common Stock is not publicly traded
as set forth above, as reasonably and in good faith determined by the Board of
Directors of the Company as of the date which the Notice of Exercise is deemed
to have been sent to the Company.

    

    Notwithstanding
the foregoing provisions of this Section 1(b)(ii), the Holder may not make a
Cashless Exercise if and to the extent that such exercise would require the
Company to issue a number of shares of Common Stock in excess of its authorized
but unissued shares of Common Stock, less all amounts of Common Stock that have
been reserved for issue upon the conversion of all outstanding securities
convertible into shares of Common Stock and the exercise of all outstanding
options, warrants and other rights exercisable for shares of Common
Stock.  If the Company does not have the requisite number of
authorized but unissued shares of Common Stock to permit the Holder to make a
Cashless Exercise, the Company shall use commercially reasonable efforts to
obtain the necessary stockholder consent to increase the authorized number of
shares of Common Stock to permit such Holder to make a Cashless Exercise
pursuant to this Section 1(b)(ii).

    

    (iii)           Upon
the exercise of this Warrant in compliance with the provisions of this Section
1(b), and except as limited pursuant to the last paragraph of Section 1(b)(ii),
the Company shall promptly issue and cause to be delivered to the Holder a
certificate for the Warrant Shares purchased by the Holder.  Each
exercise of this Warrant shall be effective immediately prior to the close of
business on the date (the “Date
of Exercise”) that the conditions set forth in Section 1(b) have been
satisfied, as the case may be.  On the first Business Day following
the date on which the Company has received each of the Notice of Exercise and
the Aggregate Exercise Price (or notice of a Cashless Exercise in accordance
with Section 1(b)(ii)) (the “Exercise Delivery Documents”),
the Company shall transmit an acknowledgment of receipt of the Exercise Delivery
Documents to the Company’s transfer agent (the “Transfer Agent”). On or before
the third Business Day following the date on which the Company has received all
of the Exercise Delivery Documents (the “Share Delivery Date”), the
Company shall (X) provided that the Transfer Agent is participating in The
Depository Trust Company (“DTC”) Fast Automated
Securities Transfer Program, upon the request of the Holder, credit such
aggregate number of shares of Common Stock to which the Holder is entitled
pursuant to such exercise to the Holder’s or its designee’s balance account with
DTC through its Deposit Withdrawal Agent Commission system, or (Y) if the
Transfer Agent is not participating in the DTC Fast Automated Securities
Transfer Program, issue and dispatch by overnight courier to the address as
specified in the Notice of Exercise, a certificate, registered in the Company’s
share register in the name of the Holder or its designee, for the number of
shares of Common Stock to which the Holder is entitled pursuant to such
exercise.  Upon delivery of the Exercise Delivery Documents, the
Holder shall be deemed for all corporate purposes to have become the holder of
record of the Warrant Shares with respect to which this Warrant has been
exercised, irrespective of the date of delivery of the certificates evidencing
such Warrant Shares. If this Warrant is submitted in connection with any
exercise pursuant to Section 1(a) and the number of Warrant Shares represented
by this Warrant submitted for exercise is greater than the actual number of
Warrant Shares being acquired upon such an exercise, then the
Company shall as soon as practicable and in no event later than five (5)
Business Days after any exercise and at its own expense, issue a new Warrant of
like tenor representing the right to purchase the number of Warrant Shares
purchasable immediately prior to such exercise under this Warrant, less the
number of Warrant Shares with respect to which this Warrant is
exercised.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    (iv)           If
the Company shall fail for any reason or for no reason to issue to the Holder,
within five (5) Business Days of receipt of the Exercise Delivery Documents, a
certificate for the number of shares of Common Stock to which the Holder is
entitled and register such shares of Common Stock on the Company’s share
register or to credit the Holder’s balance account with DTC for such number of
shares of Common Stock to which the Holder is entitled upon the Holder’s
exercise of this Warrant, and if on or after such Business Day the Holder
purchases (in an open market transaction or otherwise) shares of Common Stock to
deliver in satisfaction of a sale by the Holder of shares of Common Stock
issuable upon such exercise that the Holder anticipated receiving from the
Company (a “Buy-In”),
then the Company shall, within five (5) Business Days after the Holder’s request
and in the Holder’s discretion, either (i) pay cash to the Holder in an amount
equal to the Holder’s total purchase price (including brokerage commissions, if
any) for the shares of Common Stock so purchased (the “Buy-In Price”), at which point
the Company’s obligation to deliver such certificate (and to issue such shares
of Common Stock) shall terminate, or (ii) promptly honor its obligation to
deliver to the Holder a certificate or certificates representing such shares of
Common Stock and pay cash to the Holder in an amount equal to the excess (if
any) of the Buy-In Price over the product of (A) such number of shares of Common
Stock, times (B) the closing bid price on the date of exercise.

    

    (c)           Partial
Exercise.  This Warrant shall be exercisable, either in its
entirety or, from time to time, for part only of the number of Warrant Shares
referenced by this Warrant. If this Warrant is exercised in part, the Company
shall issue, at its expense, a new Warrant, in substantially the form of this
Warrant, referencing such reduced number of Warrant Shares that remain subject
to this Warrant.

    

    (d)           Disputes.  In
the case of a dispute as to the determination of the Exercise Price or the
arithmetic calculation of the Warrant Shares, the Company shall promptly issue
to the Holder the number of Warrant Shares that are not disputed and resolve
such dispute in accordance with Section 15.

    

    
      	
              2.

            	
              ISSUANCE
      OF WARRANT SHARES

            

    

    

    (a)           The
Company covenants that all Warrant Shares will, upon issuance in accordance with
the terms of this Warrant, be (i) duly authorized, fully paid and
non-assessable, and (ii) free from all liens, charges and security interests,
with the exception of claims arising through the acts or omissions of any Holder
and except as arising from applicable Federal and state securities
laws.

    

    (b)           The
Company shall register this Warrant upon records to be maintained by the Company
for that purpose in the name of the record holder of such Warrant from time to
time. The Company may deem and treat the registered Holder of this Warrant as
the absolute owner thereof for the purpose of any exercise thereof, any
distribution to the Holder thereof and for all other purposes.

    

    (c)           The
Company will not, by amendment of its certificate of formation, by-laws or
through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or
seek to avoid the observance or performance of any of the terms to be observed
or performed hereunder by the Company, but will at all times in good faith
assist in the carrying out of all the provisions of this Warrant and in the
taking of all action necessary or appropriate in order to protect the rights of
the Holder to exercise this Warrant, or against impairment of such
rights.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    
      	
              3.

            	
              ADJUSTMENTS
      OF EXERCISE PRICE, NUMBER AND TYPE OF WARRANT
  SHARES

            

    

    

    (a)           The
Exercise Price and the number of shares purchasable upon the exercise of this
Warrant shall be subject to adjustment from time to time upon the occurrence of
certain events described in this Section 3(a); provided, that
notwithstanding the provisions of this Section 3, the Company shall not be
required to make any adjustment if and to the extent that such adjustment would
require the Company to issue a number of shares of Common Stock in excess of its
authorized but unissued shares of Common Stock, less all amounts of Common Stock
that have been reserved for issue upon the conversion of all outstanding
securities convertible into shares of Common Stock and the exercise of all
outstanding options, warrants and other rights exercisable for shares of Common
Stock.  If the Company does not have the requisite number of
authorized but unissued shares of Common Stock to make any adjustment, the
Company shall use its commercially best efforts to obtain the necessary
stockholder consent to increase the authorized number of shares of Common Stock
to make such an adjustment pursuant to this Section 3(a).

    

    (i)           Subdivision or Combination
of Stock. In case the Company shall at any time subdivide (whether by way
of stock dividend, stock split or otherwise) its outstanding shares of Common
Stock into a greater number of shares, the Exercise Price in effect immediately
prior to such subdivision shall be proportionately reduced and the number of
Warrant Shares shall be proportionately increased, and conversely, in case the
outstanding shares of Common Stock of the Company shall be combined (whether by
way of stock combination, reverse stock split or otherwise) into a smaller
number of shares, the Exercise Price in effect immediately prior to such
combination shall be proportionately increased and the number of Warrant Shares
shall be proportionately decreased.  The Exercise Price and the
Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the
happening of any successive event or events described in this Section
3(a)(i).

    

    (ii)           Dividends in Stock,
Property, Reclassification. If at any time, or from time to time, all of
the holders of Common Stock (or any shares of stock or other securities at the
time receivable upon the exercise of this Warrant) shall have received or become
entitled to receive, without payment therefore:

    

    (A)           any
shares of stock or other securities that are at any time directly or indirectly
convertible into or exchangeable for Common Stock, or any rights or options to
subscribe for, purchase or otherwise acquire any of the foregoing by way of
dividend or other distribution, or

    

    (B)           additional
stock or other securities or property (including cash) by way of spin-off,
split-up, reclassification, combination of shares or similar corporate
rearrangement (other than shares of Common Stock issued as a stock split or
adjustments in respect of which shall be covered by the terms of Section 3(a)(i)
above),

    

    then and
in each such case, the Exercise Price and the number of Warrant Shares to be
obtained upon exercise of this Warrant shall be adjusted proportionately, and
the Holder hereof shall, upon the exercise of this Warrant, be entitled to
receive, in addition to the number of shares of Common Stock receivable
thereupon, and without payment of any additional consideration therefor, the
amount of stock and other securities and property (including cash in the cases
referred to above) that such Holder would hold on the date of such exercise had
such Holder been the holder of record of such Common Stock as of the date on
which holders of Common Stock received or became entitled to receive such shares
or all other additional stock and other securities and property.  The
Exercise Price and the Warrant Shares, as so adjusted, shall be readjusted in
the same manner upon the happening of any successive event or events described
in this Section 3(a)(ii).

    
 

    (iii)           Reorganization,
Reclassification, Consolidation, Merger or Sale. If any recapitalization,
reclassification or reorganization of the capital stock of the Company, or any
consolidation or merger of the Company with another corporation, or the sale of
all or substantially all of its assets or other transaction shall be effected in
such a way that holders of Common Stock shall be entitled to receive stock,
securities, or other assets or property (an “Organic Change”), then, as a
condition of such Organic Change, lawful and adequate provisions shall be made
by the Company whereby the Holder hereof shall thereafter have the right to
purchase and receive (in lieu of the shares of the Common Stock of the Company
immediately theretofore purchasable and receivable upon the exercise of the
rights represented by this Warrant) such shares of stock, securities or other
assets or property as may be issued or payable with respect to or in exchange
for a number of outstanding shares of such Common Stock equal to the number of
shares of such stock immediately theretofore purchasable and receivable assuming
the full exercise of the rights represented by this Warrant. In the event of any
Organic Change, appropriate provision shall be made by the Company with respect
to the rights and interests of the Holder of this Warrant to the end that the
provisions hereof (including, without limitation, provisions for adjustments of
the Exercise Price and of the number of shares purchasable and receivable upon
the exercise of this Warrant) shall thereafter be applicable, in relation to any
shares of stock, securities or assets thereafter deliverable upon the exercise
hereof. The Company will not effect any such consolidation, merger or sale
unless, prior to the consummation thereof, the successor corporation (if other
than the Company) resulting from such consolidation or merger or the corporation
purchasing such assets shall assume by written instrument reasonably
satisfactory in form and substance to the Holder executed and mailed or
delivered to the registered Holder hereof at the last address of such Holder
appearing on the books of the Company, the obligation to deliver to such Holder
such shares of stock, securities or assets as, in accordance with the foregoing
provisions, such Holder may be entitled to purchase. If there is an Organic Change, then the Company shall
cause to be mailed to the Holder at its last address as it shall appear on the
books and records of the Company, at least 10 calendar days before the effective
date of the Organic Change, a notice stating the date on which such Organic
Change is expected to become effective or close, and the date as of which it is
expected that holders of the Common Stock of record shall be entitled to
exchange their shares for securities, cash, or other property delivered upon
such Organic Change; provided, that the failure to mail such notice or any defect
therein or in the mailing thereof shall not affect the validity of the corporate
action required to be specified in such notice.  The Holder is
entitled to exercise this Warrant during the 10-day period commencing on the
date of such notice to the effective date of the event triggering such
notice.  In any event, the successor corporation (if other than
the Company) resulting from such consolidation or merger or the corporation
purchasing such assets shall be deemed to assume such obligation to deliver to
such Holder such shares of stock, securities or assets even in the absence of a
written instrument assuming such obligation to the extent such assumption occurs
by operation of law.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b)           Certificate as to
Adjustments. Upon the occurrence of each adjustment or readjustment
pursuant to this Section 3, the Company at its expense shall promptly compute
such adjustment or readjustment in accordance with the terms hereof and furnish
to each Holder of this Warrant a certificate setting forth such adjustment or
readjustment and showing in detail the facts upon which such adjustment or
readjustment is based. The Company shall promptly furnish or cause to be
furnished to such Holder a like certificate setting forth: (i) such adjustments
and readjustments; and (ii) the number of shares and the amount, if any, of
other property which at the time would be received upon the exercise of the
Warrant.

    

    (c)           Certain Events. If
any event occurs as to which the other provisions of this Section 3 are not
strictly applicable but the lack of any adjustment would not fairly protect the
purchase rights of the Holder under this Warrant in accordance with the basic
intent and principles of such provisions, or if strictly applicable would not
fairly protect the purchase rights of the Holder under this Warrant in
accordance with the basic intent and principles of such provisions, then the
Company's Board of Directors will, in good faith, make an appropriate adjustment
to protect the rights of the Holder; provided, that no
such adjustment pursuant to this Section 3(c) will increase the Exercise Price
or decrease the number of Warrant Shares as otherwise determined pursuant to
this Section 3.

    

    (d)           Adjustment of Exercise Price
Upon Issuance of Additional Shares of Common Stock.  In the
event the Company shall at any time prior to the Expiration Date issue
Additional Shares of Common Stock, as defined below, without consideration or
for a consideration per share less than the Exercise Price in effect immediately
prior to such issue, then the Exercise Price shall be reduced, concurrently with
such issue, to a price (calculated to the nearest cent) determined by
multiplying such Exercise Price by a fraction, (A) the numerator of which shall
be (1) the number of shares of Common Stock outstanding immediately prior to
such issue plus (2) the number of shares of Common Stock which the aggregate
consideration received or to be received by the Company for the total number of
Additional Shares of Common Stock so issued would purchase at such Exercise
Price; and (B) the denominator of which shall be the number of shares of Common
Stock outstanding immediately prior to such issue plus the number of such
Additional Shares of Common Stock so issued; provided that, (i)
for the purpose of this Section 3(d), all shares of Common Stock issuable upon
conversion or exchange of convertible securities outstanding immediately prior
to such issue shall be deemed to be outstanding, and (ii) the number of shares
of Common Stock deemed issuable upon conversion or exchange of such outstanding
convertible securities shall be determined without giving effect to any
adjustments to the conversion or exchange price or conversion or exchange rate
of such convertible securities resulting from the issuance of Additional Shares
of Common Stock that is the subject of this calculation.  For purposes
of this Warrant, “Additional Shares of Common Stock” shall mean all shares of
Common Stock issued by the Company after the Effective Date (including without
limitation any shares of Common Stock issuable upon conversion or exchange of
any convertible securities or upon exercise of any option or warrant, on an
as-converted basis), other than: (i) shares of Common Stock issued or
issuable upon conversion or exchange of any convertible securities or exercise
of any options or warrants outstanding on the Effective Date; (ii) shares
of Common Stock issued or issuable by reason of a dividend, stock split,
split-up or other distribution on shares of Common Stock that is covered by
Sections 3(a)(i) through 3(a)(iii) above; (iii) shares of Common Stock (or
options with respect thereto) issued or issuable to employees or directors of,
or consultants to, the Company or any of its subsidiaries pursuant to a plan,
agreement or arrangement approved by the Board of Directors of the Company; (iv)
any securities issued or issuable by the Company pursuant to the Subscription
Agreement; (v) securities issued pursuant to acquisitions or strategic
transactions approved by a majority of disinterested directors of the Company,
provided that any such issuance shall only be to a person which is, itself or
through its subsidiaries, an operating Company in a business synergistic with
the business of the Company and in which the Company receives benefits in
addition to the investment of funds, but shall not include a transaction in
which the Company is issuing securities primarily for the purpose of raising
capital or to an entity whose primary business is investing in securities; and
(vi) any securities issued or issuable by the Company pursuant to the
transactions contemplated by that certain Confidential Private Placement
Memorandum of the Company, dated _______, 2009.  The provisions of
this Section 3(d) shall not operate to increase the Exercise Price.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      	
              4.

            	
              TRANSFERS
      AND EXCHANGES OF WARRANT AND WARRANT
SHARES

            

    

    

    (a)           Registration of Transfers
and Exchanges. Subject to Section 4(c), upon the Holder’s surrender of
this Warrant, with a duly executed copy of the Form of Assignment attached as
Exhibit B, to the
Secretary of the Company at its principal offices or at such other office or
agency as the Company may specify in writing to the Holder, the Company shall
register the transfer of all or any portion of this Warrant. Upon such
registration of transfer, the Company shall issue a new Warrant, in
substantially the form of this Warrant, evidencing the acquisition rights
transferred to the transferee and a new Warrant, in similar form, evidencing the
remaining acquisition rights not transferred, to the Holder requesting the
transfer.

    

    (b)           Warrant Exchangeable for
Different Denominations. The Holder may exchange this Warrant for a new
Warrant or Warrants, in substantially the form of this Warrant, evidencing in
the aggregate the right to purchase the number of Warrant Shares which may then
be purchased hereunder, each of such new Warrants to be dated the date of such
exchange and to represent the right to purchase such number of Warrant Shares as
shall be designated by the Holder. The Holder shall surrender this Warrant with
duly executed instructions regarding such re-certification of this Warrant to
the Secretary of the Company at its principal offices or at such other office or
agency as the Company may specify in writing to the Holder.

    

    (c)           Restrictions on
Transfers. This Warrant may not be transferred at any time without (i)
registration under the Securities Act or (ii) an exemption from such
registration and a written opinion of legal counsel addressed to the Company
that the proposed transfer of the Warrant may be effected without registration
under the Securities Act, which opinion will be in form and from counsel
reasonably satisfactory to the Company.

    

    (d)           Permitted Transfers and
Assignments.  Notwithstanding any provision to the contrary in
this Section 4, the Holder may transfer, with or without consideration, this
Warrant or any of the Warrant Shares (or a portion thereof) to the Holder’s
Affiliates (as such term is defined under Rule 144 of the Securities Act)
without obtaining the opinion from counsel that may be required by Section
4(c)(ii), provided, that the
Holder delivers to the Company and its counsel certification, documentation, and
other assurances reasonably required by the Company’s counsel to enable the
Company’s counsel to render an opinion to the Company’s Transfer Agent that such
transfer does not violate applicable securities laws.

    

    
      	
              5.

            	
              MUTILATED
      OR MISSING WARRANT CERTIFICATE

            

    

    

               If
this Warrant is mutilated, lost, stolen or destroyed, upon request by the
Holder, the Company will, at its expense, issue, in exchange for and upon
cancellation of the mutilated Warrant, or in substitution for the lost, stolen
or destroyed Warrant, a new Warrant, in substantially the form of this Warrant,
representing the right to acquire the equivalent number of Warrant Shares; provided, that, as a
prerequisite to the issuance of a substitute Warrant, the Company may require
satisfactory evidence of loss, theft or destruction as well as an indemnity from
the Holder of a lost, stolen or destroyed Warrant.

    

    
      	
              6.

            	
              PAYMENT
      OF TAXES

            

    

    

    The
Company will pay all transfer and stock issuance taxes attributable to the
preparation, issuance and delivery of this Warrant and the Warrant Shares (and
replacement Warrants) including, without limitation, all documentary and stamp
taxes; provided, however, that the
Company shall not be required to pay any tax in respect of the transfer of this
Warrant, or the issuance or delivery of certificates for Warrant Shares or other
securities in respect of the Warrant Shares to any person or entity other than
to the Holder.

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

      
        	
                7.

              	FRACTIONAL WARRANT SHARES

      

    

     

    No
fractional Warrant Shares shall be issued upon exercise of this Warrant. The
Company, in lieu of issuing any fractional Warrant Share, shall round up the
number of Warrant Shares issuable to nearest whole share.

    

    
      	
              8.

            	
              NO
      STOCK RIGHTS AND LEGEND

            

    

    

    No holder
of this Warrant, as such, shall be entitled to vote or be deemed the holder of
any other securities of the Company that may at any time be issuable on the
exercise hereof, nor shall anything contained herein be construed to confer upon
the holder of this Warrant, as such, the rights of a stockholder of the Company
or the right to vote for the election of directors or upon any matter submitted
to stockholders at any meeting thereof, or give or withhold consent to any
corporate action or to receive notice of meetings or other actions affecting
stockholders (except as provided herein), or to receive dividends or
subscription rights or otherwise (except as provide herein).

    

               Each
certificate for Warrant Shares initially issued upon the exercise of this
Warrant, and each certificate for Warrant Shares issued to any subsequent
transferee of any such certificate, shall be stamped or otherwise imprinted with
a legend in substantially the following form:

    

               “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS,
AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD,
PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT
WITH  RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE
STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE
COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH
COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH
SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE MANNER
CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
OR   APPLICABLE STATE SECURITIES LAWS.”

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	
              9.

            	
              REGISTRATION
      UNDER THE SECURITIES ACT OF 1933

            

    

    

    The Company agrees to provide
registration rights for the resale of the Warrant Shares under the Securities
Act on the terms and subject to the conditions set forth in the Registration
Rights Agreement between the Company and each investor party to the Subscription Agreement, pursuant to
which this Warrant was issued.

     

    
      
        	
                10.

              	NOTICES

      

    

    

               All
notices, consents, waivers, and other communications under this Warrant must be
in writing and will be deemed given to a party when (a) delivered to the
appropriate address by hand or by nationally recognized overnight courier
service (costs prepaid); (b) sent by facsimile or e-mail with confirmation of
transmission by the transmitting equipment; (c) received or rejected by the
addressee, if sent by certified mail, return receipt requested, if to the
registered Holder hereof; or (d) seven days after the placement of the notice
into the mails (first class postage prepaid), to the Holder at the address,
facsimile number, or e-mail address furnished by the registered Holder to the
Company in accordance with the Subscription Agreement by and between the Company
and the Holder, or if to the Company, to it at AMBER Ready, Inc., 101 Roundhill Drive, Rockaway, New
Jersey 07866, Attention: Kai Patterson, Chief Executive Officer (or to
such other address, facsimile number, or e-mail address as the Holder or the
Company as a party may designate by notice the other party) with a copy to
Sichenzia Ross Friedman Ference LLP, 61 Broadway, 32nd
Floor, New York, New York 10006, Attention: Marc J. Ross, Esq.

    

    
      	
              11.

            	
              SEVERABILITY

            

    

    

    If a
court of competent jurisdiction holds any provision of this Warrant invalid or
unenforceable, the other provisions of this Warrant will remain in full force
and effect. Any provision of this Warrant held invalid or unenforceable only in
part or degree will remain in full force and effect to the extent not held
invalid or unenforceable.

    

    
      	
              12.

            	
              BINDING
      EFFECT

            

    

    

    This
Warrant shall be binding upon and inure to the sole and exclusive benefit of the
Company, its successors and assigns, the registered Holder or Holders from time
to time of this Warrant and the Warrant Shares.

    

    
      	
              13.

            	
              SURVIVAL
      OF RIGHTS AND DUTIES

            

    

    

    This
Warrant shall terminate and be of no further force and effect on the earlier of
5:00 P.M., Eastern Time, on the Expiration Date or the date on which this
Warrant has been exercised in full.

    

    
      	
              14.

            	
              GOVERNING
      LAW

            

    

    

    This
Warrant will be governed by and construed under the laws of the State of New
York without regard to conflicts of laws principles that would require the
application of any other law.

    

    
      	
              15.

            	
              DISPUTE
      RESOLUTION

            

    

    

    In the
case of a dispute as to the determination of the Exercise Price or the
arithmetic calculation of the Warrant Shares, the Company shall submit the
disputed determinations or arithmetic calculations via facsimile within two
Business Days of receipt of the Notice of Exercise giving rise to such dispute,
as the case may be, to the Holder. If the Holder and the Company are unable to
agree upon such determination or calculation of the Exercise Price or the
Warrant Shares within three Business Days of such disputed determination or
arithmetic calculation being submitted to the Holder, then the Company shall,
within two Business Days, submit via facsimile (a) the disputed determination of
the Exercise Price to an independent, reputable investment bank selected by the
Company and approved by the Holder or (b) the disputed arithmetic calculation of
the Warrant Shares to the Company’s independent, outside accountant. The Company
shall cause the investment bank or the accountant, as the case may be, to
perform the determinations or calculations and notify the Company and the Holder
of the results no later than ten (10) Business Days from the time it receives
the disputed determinations or calculations. Such investment bank’s or
accountant’s determination or calculation, as the case may be, shall be binding
upon all parties absent demonstrable error. The party whose proposed Exercise
Price is furthest from the Exercise Price determined by the investment bank or
accountant shall be responsible for the fees and expenses of the investment bank
or accountant.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
 

    
      	
              16.

            	
              NOTICES
      OF RECORD DATE

            

    

    

    Upon (a)
any establishment by the Company of a record date of the holders of any class of
securities for the purpose of determining the holders thereof who are entitled
to receive any dividend or other distribution, or right or option to acquire
securities of the Company, or any other right, or (b) any capital
reorganization, reclassification, recapitalization, merger or consolidation of
the Company with or into any other corporation, any transfer of all or
substantially all the assets of the Company, or any voluntary or involuntary
dissolution, liquidation or winding up of the Company, or the sale, in a single
transaction, of a majority of the Company’s voting stock (whether newly issued,
or from treasury, or previously issued and then outstanding, or any combination
thereof), the Company shall mail to the Holder at least ten (10) Business Days,
or such longer period as may be required by law, prior to the record date
specified therein, a notice specifying (i) the date established as the record
date for the purpose of such dividend, distribution, option or right and a
description of such dividend, option or right, (ii) the date on which any such
reorganization, reclassification, transfer, consolidation, merger, dissolution,
liquidation or winding up, or sale is expected to become effective and (iii) the
date, if any, fixed as to when the holders of record of Common Stock shall be
entitled to exchange their shares of Common Stock for securities or other
property deliverable upon such reorganization, reclassification, transfer,
consolation, merger, dissolution, liquidation or winding up.

    

    
      	
              17.

            	
              RESERVATION
      OF SHARES

            

    

    

    The
Company shall reserve and keep available out of its authorized but unissued
shares of Common Stock for issuance upon the exercise of this Warrant, free from
pre-emptive rights, such number of shares of Common Stock for which this Warrant
shall from time to time be exercisable.  The Company will take all
such reasonable action as may be necessary to assure that such Warrant Shares
may be issued as provided herein without violation of any applicable law or
regulation. Without limiting the generality of the foregoing, the Company
covenants that it will use commercially reasonable efforts to take all such
action as may be necessary or appropriate in order that the Company may validly
and legally issue fully paid and nonassessable Warrant Shares upon the exercise
of this Warrant and use commercially reasonable efforts to obtain all such
authorizations, exemptions or consents, including but not limited to consents
from the Company’s stockholders or Board of Directors or any public regulatory
body, as may be necessary to enable the Company to perform its obligations under
this Warrant.

    

    
      	
              18.

            	
              NO
      THIRD PARTY RIGHTS

            

    

    

    This
Warrant is not intended, and will not be construed, to create any rights in any
parties other than the Company and the Holder, and no person or entity may
assert any rights as third-party beneficiary hereunder.

    

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

                  IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of
the date first set forth above.

     

     

     

    
      
        	 	AMBER READY, INC.	 
	 	 	 	 
	
              	
                By:
      

              	/s/ 	 
	 	 	Name:  Kai
      D. Patterson 

                Title: Chief
      Executive Officer

              	 
	 	 	 	 
	 	 	 	 

      

    

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    NOTICE OF
EXERCISE

    

    (To be
executed by the Holder of Warrant if such Holder desires to exercise
Warrant)

    

    To AMBER
Ready, Inc.:

    

    The
undersigned hereby irrevocably elects to exercise this Warrant and to purchase
thereunder, ___________________ full shares of AMBER Ready, Inc. common stock
issuable upon exercise of the Warrant and delivery of:

    

    (1)                 $_________
(in cash as provided for in the foregoing Warrant) and any applicable taxes
payable by the undersigned pursuant to such Warrant; and

    

    (2)                 __________
shares of Common Stock (pursuant to a Cashless Exercise in accordance with
Section 1(b)(ii) of the Warrant) (check here if the undersigned desires to
deliver an unspecified number of shares equal the number sufficient to effect a
Cashless Exercise [___]).

    

        The
undersigned requests that certificates for such shares be issued in the name
of:

    

    _________________________________________

    (Please
print name, address and social security or federal employer

    identification
number (if applicable))

    

    _________________________________________

    

    _________________________________________

    

                  If
the shares issuable upon this exercise of the Warrant are not all of the Warrant
Shares which the Holder is entitled to acquire upon the exercise of the Warrant,
the undersigned requests that a new Warrant evidencing the rights not so
exercised be issued in the name of and delivered to:

    

    _________________________________________

    (Please
print name, address and social security or federal employer

    identification
number (if applicable))

    

    _________________________________________

    

    _________________________________________

    

     
 

                                                           Name
of Holder (print):  ___________________________

                                                           (Signature):   ___________________________________

                                                           (By:)  _________________________________________

                                                           (Title:)
________________________________________

                                                           Dated:   _______________________________________

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

    EXHIBIT
B

    

    FORM OF
ASSIGNMENT

    

    FOR VALUE
RECEIVED, ___________________________________ hereby sells, assigns and
transfers to each assignee set forth below all of the rights of the undersigned
under the Warrant (as defined in and evidenced by the attached Warrant) to
acquire the number of Warrant Shares set opposite the name of such assignee
below and in and to the foregoing Warrant with respect to said acquisition
rights and the shares issuable upon exercise of the Warrant:

    

     
 

    
      	
              Name
      of Assignee

            	
              Address

            	
              Number
      of Shares

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

    

    

    

    If the
total of the Warrant Shares are not all of the Warrant Shares evidenced by the
foregoing Warrant, the undersigned requests that a new Warrant evidencing the
right to acquire the Warrant Shares not so assigned be issued in the name of and
delivered to the undersigned.

    

    

                                               Name
of Holder (print):____________________________

                                               (Signature):   ___________________________________

                                               (By:)  _________________________________________

                                               (Title:)
________________________________________

                                               Dated:   _______________________________________ex101.htm

    Exhibit
10.01

     

     

    
    

     

    
      		 EMPLOYMENT
      AGREEMENT
	 	 

    

     

          

    

    THIS
AGREEMENT is made as of the 1st, day of February, 2008.

    

    BETWEEN:

    

                AMBER
Alert Safety Centers, Inc., a Nevada corporation (Hereinafter, "Company" or
“AMBER”)

    

    AND:

    

                Frank
DelVecchio, an individual with an address at 65 Walthery Ave., Ridgewood,
NJ 07834 (Hereinafter, "Employee")

    

    WHEREAS,

    

    A. The
Company is engaged in the business of the development and marketing of products
relating to the Amber Alert Safety Program and related marketing programs called
the “AMBER Ready” program.

    

    B. The
Employee is presently employed, or is about to be employed, by the Company on
the terms and conditions which are now set forth in this Agreement.

    

    NOW
THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the
Employee's continued employment, the premises and mutual covenants and
agreements hereinafter contained, and other good and valuable consideration (the
receipt and sufficiency of which is hereby acknowledged) the parties hereto
covenant and agree as follows:

    

    1.0   EMPLOYMENT

    

    1.1 The
Company hereby employs the Employee in the position of “Senior Vice
President”.  The Employee’s first day of employment shall begin on
February 1, 2008 (Hereinafter “Start Date”).

    

    1.2 The
Employee shall report to directly to the CEO/Company President as a member of
the Board of Directors with one vote, and shall perform, observe and conform to
such duties and instructions as are reasonably and lawfully assigned or
communicated to the Employee and are consistent with the position the employee
has been hired to fill. The Company understands that due to other commitments,
it is not necessary for this employee to be in the office physically to fulfill
his obligations to The Company. He will, however, be available to Company
management as needed via telephone and/or e-mail.

     

     

     

    
      Employee:
_________    Company: _________

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    1.3 The
Employee shall be responsible for providing leadership and direction to The
Company in order to facilitate the expansion and efficiency of its
operations.

    

    

    1.4
Throughout the term of this Agreement the Employee shall:

    

          (a)   diligently,
honestly and faithfully serve The Company and shall use all reasonable efforts
to promote and advance the interests and goodwill of The Company;

    

          (b)
conduct himself/herself at all times in a manner which is not materially
prejudicial to the Company's interests; and

    

         (c)  not
acquire, directly or indirectly, any interest of any firm, partnership or
association in the business and operations of which in any manner, directly or
indirectly, compete with the trade or business of The Company.

    

    1.5 The
Employee shall disclose all potential conflicts of interest and activities which
could reasonably be seen to compete, indirectly or directly, with the trade or
business of the Company, to the President. The President shall determine, in
their sole discretion, whether the activity in question constitutes a conflict
of interest or competition with the Company. To the extent that the President,
acting reasonably, determines a conflict or competition exists, the Employee
shall discontinue such activity forthwith or within such longer period as the
President agrees.

    

    1.6
Notwithstanding sections 1.4 (d) and 11.0, the Employee is not restricted from
nor is required to obtain the consent of the Company to make investments in any
company, which is involved in technology or software and the securities of which
are listed for trading on any Canadian or U.S. stock exchange, quotation system
or the over-the-counter market.

    

    1.7 For
the purposes of sections 1.4, 1.5 and 1.6 herein, the Employee includes any firm
or company owned or controlled by the Employee.

    

    1.8 It is
understood and agreed that as the Company grows, the Employee's responsibilities
may be changed to meet the needs of the Company; however, such responsibilities
shall be those that are reasonably assigned to the Employee by the President and
are consistent with the Employee's position.

     

     

    
      Employee:
_________    Company: _________

    

    
 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    

    2.0   COMPENSATION

    

    2.1 In
consideration of the services rendered by the Employee under this Agreement, the
Company shall pay the Employee bi-weekly, the gross sum of $100,000 per annum
(“Base Salary”) in addition to 50% of the Net Profits of the Ridgewood, NJ
location as stipulated in the Wireless Management Services (WMS) acquisition
agreement. Thereafter, increases to the Employee's salary shall be at the
absolute discretion of the Company based on merit.

    

    2.2 The
Employee shall be eligible to participate in the Company's pension plan, when
one is established.

    

    2.3 The
Company shall have the right to deduct and withhold from the Employee's
compensation any amounts required to be deducted and withheld under the
applicable state or federal laws.

    

    2.4 The
Employee shall also receive a $1.00 bonus/commission (Hereafter “Bonus”) for
each fulfilled subscription of the Amber Alert Wireless Program and results in
the Company receiving a commission or a purchase from a subscriber equal to or
greater than $25.00

    

    2.5 The
Employee shall be responsible for maintaining in good condition, all equipment
provided by the Company to the employee for use in performing his/her
duties.

    

    2.6  The
Company shall reimburse the Employee for all expenses pre-approved in writing by
the Company that will be incurred by the Employee on behalf of The
Company.

     

    3.0
BENEFITS

    

    3.1 The
Employee shall be entitled to such benefits which the Company offers from time
to time to similar employees after Ninety (“90”) days of uninterrupted
employment by the Employee (the "Benefits").  The Company participates
in a Medical Benefits Program and shall offer benefits to the Employee after the
mandatory waiting period.

    

    3.2 The
administration of the Benefits Program is within the Company's sole discretion,
and as such, the introduction, deletion or amendment of the Benefits shall not
constitute a breach of this Agreement.  Should the Company choose to
delete it for any reason whatsoever, the Company will make a best effort to
establish another, comparable Benefit Program.

    

    3.3 The
Company shall enable the Employee to participate in a Stock Option Program once
one is defined and made available to its employees. Prior to this, the company
must complete its SEC filings and the Company’s stock must be trading
publicly.

    

    3.4  The
Employee shall receive 100,000 shares of AMBER restricted common stock upon the
acquisition, as stipulated in the WMS acquisition agreement. The Employee will
receive additional shares in the amount of $250,000 dollars after the Temporary
Separation period has elapsed, the details of which are also outlined in the WMS
acquisition agreement. The shares shall be issued by the Company’s transfer
agent within 90 days of the receipt of the stock ownership.

    

     

     

    
      Employee:
_________    Company: _________

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    

    

    4.0   VACATION
AND SICK TIME

    

    4.1 The
Employee shall be entitled to an annual vacation of three (3) weeks per year
(hereinafter “Entitled Vacation”). The Employee's Entitled Vacation shall not
exceed three (3) weeks during any calendar year.  Any accrued Entitled
Vacation that exceeds three  (3) weeks shall be forfeited the
Employee, unless the Company agrees to extend the accrued vacation days in
writing.  The timing of vacations shall be in accordance with the
Company’s policies and practices as set forth in the Company’s Policy Manual (to
be distributed at a later date) and with the Company’s needs. The vacation days
will accrue at a rate of 4.62 hours per payroll for the Employee.

    

    4.2 At
the time of termination of this Agreement any accrued vacation time for the
current fiscal year of the Employee shall be paid to the Employee, or taken as
“time off” at the election of the Employee.

    

    4.3 The
Employee shall be entitled to five (5) sick days per year (hereinafter “Entitled
Sick Time”).  To be used exclusively for illness. The Employee’s
Entitled Sick Time shall not be cumulative from year to year.  The
Employee understands that any Entitled Sick Time not taken during the current
year shall be forfeited by the Employee.  The Employee must also
provide Management with a signed doctor’s note, after two (2) consecutive sick
days taken, on the date of their return to work, in order to receive Company
approval for Entitled Sick Time taken.

    

    5.0   TERM
OF EMPLOYMENT

    

    5.1 The
term of employment of the Employee by the Company pursuant to the terms of this
Agreement shall commence as of the date of December 4, 2007 (Hereinafter, “Start
Date”) and shall continue until such time as this Agreement is terminated
pursuant to section 6.0 herein.

    

    5.2 It is
understood between the Company and the Employee that this agreement was executed
after the Employee’s Start Date, but the Company will compensate the Employee
from the Start Date indicated above and the Agreement shall be effective as of
the Start Date.

    

    6.0   TERMINATION

    

    6.1 The
Company may terminate the Employee's employment at any time, without notice, for
cause.

    

    6.2 If
this Agreement and the Employee's employment are terminated for cause, no
notice, salary, benefits or allowances shall be paid or payable to the Employee
after or as a result of such termination except in respect of those amounts
which were payable in respect of the period ending immediately prior to such
termination.

    

    6.3 The
Company may terminate the Employee's employment, without cause:

    

          (a)   at
any time without cause, by providing the Employee with two (2) weeks written
notice or pay of in lieu of notice or any combination of written notice and pay
in lieu of notice equal to two (2) weeks Base Salary;

    

    6.4 The
Employee may terminate this employment Agreement with the Company with the
Company upon giving the Company two (2) weeks notice of resignation. On the
giving of such notice by the Employee, or at any time thereafter, the Company
shall have the right to elect to immediately terminate the Employee's
employment, and upon such election, shall provide to the Employee a lump sum
equal to the Base Salary only for two (2) weeks or to such proportion of the
time that remains outstanding at the time of the election.

    

    6.5 The
Company may terminate the Employee for cause should the Employee engage in any
actions prohibited in the Company’s employee guidelines that will be provided to
the employee and may be modified by the Company.

    

    6.6 The
Employee with be required to return all equipment that is property of the
Company immediately upon termination.  Should the Employee fail to
return any equipment or supplies provided to the Employee by the Company, the
Company may take any legal actions necessary to obtain any equipment or
supplies, including but not limited to filing a criminal complaint, and
garnishing wages.

    

    7.0   CONFIDENTIALITY
AND COMPANY PROPERTY

    

    7.1 The
Employee understands and acknowledges that the Company is engaged in a
continuous program of research, development and production relating to AMBER
Alert Safety Programs research and related products ("Business"). Because of the
nature of the Business, the Employee's employment creates a relationship of
confidence between the Employee and the Company with respect to certain
information that gives the Company an advantage in its business and marketplace.
In the course of carrying out and performing the Employee's duties and
responsibilities to the Company, the Employee will obtain access to and be
entrusted with Confidential and Proprietary Information (as hereinafter defined)
relating to the Business and other affairs of the Company.

     

     

     

    
      Employee:
_________    Company: _________

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    7.2 The
term "Confidential and Proprietary Information" as used in this Agreement means
all trade secrets, proprietary information and other data or information (and
any tangible evidence, record or representation thereof), whether prepared,
conceived or developed by an employee of the Company (including the Employee) or
received by the Company from an outside source which is maintained in confidence
by the Company or any of its customers to obtain a competitive advantage over
competitors who do not have access to such trade secrets, proprietary
information, or other data or information. Without limiting the generality of
the foregoing, Confidential and Proprietary Information

    includes:

    

    
      (a)  any
information, ideas, improvements, know-how, concepts, research, inventions,
innovations, products, services, sales, scientific or other formulas, systems,
strategies, formulae, algorithms, patterns, processes, methods, machines,
manufactures, compositions, processes, procedures, tests, treatments,
developments, data, experimental and production software, libraries and
routines, audio-visual displays technical specifications, technical data,
designs, devices, patterns, concepts, computer programs, training or service
manuals, plans for new or revised services or products or other plans, items or
strategy methods on compilation of information, or works in process, or any
Invention (as defined in Section 8.0 below), or parts thereof, and any and all
revisions and improvements relating to any of the foregoing (in each case
whether or not reduced to tangible form) that relate to the Business or affairs
of the Company or its subsidiary or affiliated companies, or that result from
its marketing, research and/or development activities;

    

    

          (b)   any
information relating to the relationship of the Company with any consultants,
collaborators, associates, clients, customers, suppliers, principals, contacts
or prospects of the Company and any information relating to the requirements,
specifications, proposals, orders, contracts or transactions of or with any such
consultants, collaborators, associates, clients, customers, suppliers,
principals, contacts or prospects of the Company. Including but not limited to
client lists;

    

          (c)   any
sales plan, price schedule, product literature, user documentation, technical
documentation, marketing material, plan or survey, business plan or opportunity,
product or service development plan or specification, business proposal;
and

    

          (d)  any
information relating to the present Business or proposed business of the
Company.

    

    7.3 The
Employee acknowledges and agrees that the Confidential and Proprietary
Information is and will remain the exclusive property of the Company. The
Employee also agrees that the Confidential and Proprietary
Information:

    

          (a)   constitutes
a proprietary right which the Company is entitled to protect; and

    

          (b)   constitutes
information and knowledge not generally known to the trade.

     

     

    
      Employee:
_________    Company: _________

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
 

    7.4 The
Employee understands that the Company has from time to time in its possession
information belonging to others or which is claimed by others to be confidential
or proprietary and which the Company has agreed to keep confidential. The
Employee agrees that all such information shall be Confidential and Proprietary
Information for the purposes of this Agreement.

    

    7.5 For
purposes of the copyright laws of the United States of America, to the extent,
if any, that such laws are applicable to any Confidential and Proprietary
Information, it shall be considered a work made for hire and the Company shall
be considered the author thereof.

    

    7.6 The
Employee agrees to maintain securely and hold in strict confidence all
Confidential and Proprietary Information received, acquired or developed by the
Employee or disclosed to the Employee as a result of or in connection with the
Employee's employment with the Company. The Employee agrees to continue to hold
the Confidential and Proprietary Information in strict confidence at all times
after the termination of the Employee's employment for whatever reason. The
Employee will not disclose any of the Confidential and Proprietary Information
to any person, firm or corporation, nor will the Employee use any of the
Confidential and Proprietary Information for any purpose other than in the
normal and proper course of the Employee's duties either during the term of the
Employee's employment with the Company or at any time afterwards without the
express written consent of the Company. The Employee will use the Employee's
best efforts to protect and safeguard Confidential and Proprietary Information
from, without limitation, loss, theft, destruction or seizure.

    

    7.7 The
Employee agrees that documents, copies, records and other materials made or
received by the Employee that pertain to the Business and affairs of the Company
or its subsidiaries or affiliated companies, including all Confidential and
Proprietary Information and which are in the Employee's possession or under the
Employee's control are the property of the Company and that the Employee will
return same and any copies of them to the Company forthwith upon the termination
of the Employee's employment or at any time immediately upon the request of the
Company.

    

    7.8 The
restrictive obligations set forth above shall not apply to the disclosure or use
of any information which:

    

          (a)  is
or later becomes publicly known under circumstances involving no breach of this
Agreement by the Employee;

    

          (b)   is
already known to the Employee outside his work for the Company or its
predecessors at the time of receipt of the Confidential
Information;

    

          (c)   is
disclosed to a third party under an appropriate confidentiality
agreement;

    

          (d)   is
lawfully made available to the Employee by a third party;

    

          (e)   is
independently developed by the Employee who has not been privy to the
Confidential Information provided by the Company, or

    

          (f)   is
required by law to be disclosed but only to the extent of such requirement and
the Employee shall immediately notify in writing the President of the Company
upon receipt of any request for such disclosure.

    

    7.9 The
Employee represents and warrants that he /she has not brought and will not bring
with him or her to the Company any materials or use, while performing his or her
duties for the Company, any materials or documents of a former employer which
are not generally available to the public. The Employee understands that, while
employed by the Company, the Employee shall not breach any obligation or
confidence or duty the Employee may have to a former employer and the Employee
agrees that the Employee will fulfill all such obligations during the Employee's
employment with the Company.

    

    7.10 The
Employee represents and warrants that the Employee will not use or cause to be
incorporated in any of the Employee's work product any data software,
information, designs, techniques or know-how which the Employee or the Company
does not have the right to use.

    

    7.11 The
provisions of this section 7.0 shall survive the termination of this
Agreement.

    

    8.0   INVENTIONS

    

    8.1 The
Employee agrees that all Confidential and Proprietary Information and all other
discoveries, inventions, ideas, concepts, processes, products, protocols,
treatments, methods, tests and improvements, algorithms, computer programs, or
parts thereof, conceived, developed, reduced to practice or otherwise made by
the Employee either alone or with others, and in any way relates to the present
or proposed programs, services, products or Business of the Company, or to task
assigned to the Employee during the period of the Employee's employment by the
Company, whether or not conceived, developed, reduced to practice or made during
the Employee's employment (collectively "Inventions"), and any and all services
and products which embody, emulate or employ any such Invention shall be the
sole property of the Company and all copyrights, patents, patent rights,
trademarks, service marks and reproduction rights to, and other proprietary
rights in, each such Invention, whether or not patentable or copyrightable,
shall belong exclusively to the Company. For purposes of the copyright laws of
the United States of America, to the extent, if any, that such laws are
applicable to any such Invention or any such service or product, it shall be
considered a work made for hire and the Company shall be considered the author
thereof.

     

     

     

    
      Employee:
_________    Company: _________

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
 

    8.2 The
Employee will promptly disclose to the Company, or any persons designated by it,
all Inventions.

    

    8.3 The
Employee hereby assigns to the Company or its nominee, their successors or
assigns, all the Employee's rights, title and interest in and to the
Inventions.

    

    8.4 The
Employee hereby waives for the benefit of the Company and its successors and
assigns all the Employee's moral rights in respect of the
Inventions.

    

    8.5 The
Employee further agrees to assist the Company in every proper way (but at the
Company's expense) to obtain and from time to time to enforce patents or
copyrights in respect of the Inventions in any and all countries, and to that
end the Employee will execute all documents for use in applying for, obtaining
and enforcing patents and copyrights on such Inventions as the Company may
desire, together with any assignments of such Inventions to the Company or
persons designated by it. The Employee's obligation to assist the Company in
obtaining and enforcing patents and copyrights for the Inventions in any and all
countries shall continue beyond the termination of the Agreement.

    

    8.6 In
the event that the Company is unable for any reason whatsoever to secure the
Employee's signature to any lawful and necessary document required to apply for
or execute any patent, copyright, trademark or other applications with respect
to any Invention (including improvements, renewals, extensions, continuations,
divisions or continuations in part thereof), the Employee hereby irrevocably
appoints the Company and its duly authorized officers and agents as the
Employee's agents and attorneys-in-fact to execute and file any such application
and to do all other lawfully permitted acts to further the prosecution and
issuance of patents, copyrights or other rights thereon with the same legal
force and effect as if executed by the Employee.

    

    8.7 The
Employee hereby represents and warrants that the Employee is subject to no
contractual or other restriction or obligation, which will in any way limit the
Employee's activities on behalf of the Company. The Employee hereby represents
and warrants to the Company that the Employee has no continuing obligations to
any previous employer (a) with respect to any previous invention, discovery or
other item of intellectual property or (b) which require the Employee not to
disclose any information or data to the Company.

    

    8.8 The
provisions of this section 8 shall survive the termination of this
Agreement.

    

    9.0   REMEDIES

    

    9.1 The
Employee acknowledges and agrees that a breach by the Employee of any of the
covenants contained in sections 7.0 and 8.0 of this Agreement herein shall
result in damages to the Company and that the Company could not be adequately
compensated for such damages by a monetary award. Accordingly, in the event of
any such breach, in addition to all other remedies available to the Company at
law or in equity, the Company shall be entitled as a matter of right to apply to
a court of competent jurisdiction for such relief by way of restraining order,
temporary or permanent injunction, to cure any such breach, or as may be
appropriate, to ensure compliance with the provisions of this
agreement.

    

    10.0  PROPERTY
RIGHTS OF THE COMPANY

    

    10.1
Notwithstanding anything else in this Agreement, it is expressly acknowledged
and understood by the Employee that all the work product of the Employee while
engaged by the Company pursuant to the terms hereof shall vest in the Company
absolutely and notwithstanding the generality of the foregoing, all software,
product information, improvements, notes, documents, correspondence, produced by
the Employee during the term of employment hereunder shall belong absolutely to
the Company. The Employee further agrees to execute without further
consideration any assignments, conveyances, other documents and assurances as
may be necessary to affect the intent of this provision. Notwithstanding the
generality of the foregoing, the Company acknowledges that intellectual
property, know-how and the like known by or in possession of the Employee as of
or prior to the Employee becoming an employee of the Company is hereby expressly
excluded from the foregoing restrictions.

     

     

    
      Employee:
_________    Company: _________

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
 

    11.0  NON-COMPETITION

    

    11.1 The
Employee agrees that following the termination of his employment with the
Company for any reason, he shall not, within Canada, the United States of
America and the countries comprising the European Economic Union, for a period
of twelve (12) months from the date of such termination (without the prior
written consent of the Company) either individually or in partnership, or in
conjunction with any person or persons, firm, association, syndicate, company or
corporation as principal, agent, director, officer, employee, consultant,
investor or in any other manner whatsoever carry on or be engaged in or be
concerned with or interested in, or advise, lend money to, guarantee the debts
or obligations of or permit his name or any part thereof to be used or employed
by any person or persons, firm, association, syndicate, company or corporation,
engaged in or concerned with any business that is engaged in the field of AMBER
Alert Safety programs, or comparable programs outside the United
States.

    

    11.2 The
Employee acknowledges that a breach by the Employee of any of the covenants
contained in section 1.4(d) and section 11.0 herein shall result in damages to
the Company and that the Company could not be adequately compensated for such
damages by a monetary award. Accordingly, in the event of any such breach, in
addition to all other remedies available to the Company at law or in equity, the
Company shall be entitled as a matter of right to apply to a Court of competent
jurisdiction for such relief by way of restraining order, temporary or permanent
injunction, decree or otherwise, as may be appropriate to ensure compliance with
the provisions of this Agreement.

    

    11.3 The
Employee agrees that all documents, copies, records and other materials made or
received by the Employee and which are in his possession or under his control
that pertain to the business and affairs of the Company are the property of the
Company and shall be returned to the Company by the Employee forthwith upon the
termination of this Agreement or at any time during the term hereof immediately
upon the request of the Company.

    

    11.4 The
Employee hereby agrees that all restrictions in this Agreement are reasonable
and valid and all defenses to the strict enforcement thereof by the Company are
hereby waived by the Employee.

    

    12.0
EMPLOYMENT STANDARDS

    

    12.1 In
the event that the minimum standards in any applicable employment laws are
favorable to the Employee in any respect, including but not limited to the
provisions herein in respect of notice of termination, minimum wage or vacation
entitlement than provided for herein, the provisions of such laws shall
apply.

    

    13.0
GENERAL PROVISIONS

    

    13.1 In
this Agreement, unless context otherwise requires, words importing the singular
include the plural and vice versa, and words importing gender include all
genders.

    

    13.2 The
headings and the clauses of this Agreement have been inserted as a matter of
convenience and for reference only and in no way define, limit or enlarge the
scope or meaning of this Agreement or any of its provisions.

    

    13.3 This
Agreement may not be assigned by either party. This Agreement shall ensure to
the benefit of the parties and shall be binding upon the successors of the
Company.

    

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

    

    13.5 This
Agreement constitutes the entire agreement between the parties hereto relating
to the employment of the Employee and supersedes any and all employment
agreements or understandings, oral or written, between the Company and the
Employee and any such prior agreements relating to the employment of the
Employee by the Company are hereby terminated and cancelled.

    

    13.6 This
Agreement shall not be amended except in writing signed by both
parties.

    

    13.7 In
the event that any provision or portion of this Agreement shall be determined to
be invalid or unenforceable for any reason, the remaining provisions and
portions of this Agreement shall not be affected by such determination and shall
remain in full force and effect to the fullest extent permitted by
law.

    

    13.8 The
Employee shall, upon the reasonable request of the Company, make, do, execute or
cause to be made, done or executed, all such further and lawful acts, deeds,
things, documents and assurances of whatsoever nature and kind for the better or
more perfect or absolute performance of the terms, conditions and intent of this
Agreement.

     

     

    
      Employee:
_________    Company: _________

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
 

    13.9
Every notice, request, demand or direction (each for the purposes of this
section, a "notice") to be given pursuant to this Agreement by any party to
another shall be in writing and shall be delivered in person or sent by
registered mail postage prepaid or by facsimile addressed as applicable as
follows:

    
 

          If
to the Employee at:

    

    65 Walthery Ave. Ridgewood NJ
07450

    

          If
to the Company at:

    

    101
Roundhill Drive, Rockaway, NJ 07866 or the Company operating
location

    

    With a
copy to Marsha M. Moore, Esq., Pitman, Mindas, Grossman, Lee, Bross and Moore,
P.C., 17 Academy Street, Suite 1200, Newark, New Jersey 07102 or such other
address as the Company shall specify from time to time.

    

    13.10 Any
notes delivered or sent in accordance with section 13.09 will be deemed to have
been given and received:

    

          (a)   if
personally delivered, on the day of delivery,

    

          (b)   if
by registered mail, on the earlier of the day of receipt and the fifth (5th)
business day after the day of mailing, or

    

          (c)   if
by facsimile, on the first business day following the day of
transmittal.

    

    If a
notice is sent by registered mail and mail service is interrupted between the
point of mailing and the destination by strike, slow down, force majeure or
other cause within three (3) days before or after the time of mailing, the
notice will not be deemed to be received until actually received, and the party
sending the notice will use any other service which has not been so interrupted
or will deliver the notice in order to ensure prompt receipt.

    

    13.11 A
reference to a statute includes all regulations made pursuant thereto, all
amendments to the statute or regulations in force from time to time, and any
statute or regulation which supplements or supersedes such statute or
regulations.

    

    13.12  All
sums of money which are referred to in this Agreement are expressed in lawful
money of the United States.

    

    13.13
Time is of the essence of this Agreement.

    

    13.14 The
terms of this Agreement shall be governed by and construed in accordance with
the laws of New Jersey without regard to choice of law principles. Any actions
commenced under this Agreement shall be venued in either the United States
District Court for the District of New Jersey or in the Superior Court of the
State of New Jersey, Essex County.

    

    14.0
INDEPENDENT LEGAL ADVICE

    

    14.1 The
Employee acknowledges that this Agreement has been prepared by the Company and
acknowledges that the Employee has had sufficient time to review this Agreement
thoroughly, that the Employee has read and understood the terms of this
Agreement and that the Employee has been given the opportunity to obtain
independent legal advice concerning the interpretation and effect of this
Agreement prior to its execution.

    

    IN
WITNESS WHEREOF this Agreement has been executed by the parties hereto as of the
day and year first above written.

    

    

    

    
      	
              Accepted
      and Agreed to:

               

               

              By:
      /s/ FRANK DELVECCHIO

              
                
       Frank
      DelVecchio  (Employee)

               

              Date:
      _____________________________

            	
              AMBER
      Alert Safety Centers, Inc.

               

               

              By:
      /s/ KAI D. PATTERSON

              
                
      

              Kai
      D. Patterson, President and CEO

               

              Date:
      _____________________________

            

    

    

    

     
 

    
      Employee:
_________    Company: _________

    
 

     

    9

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