Document:

Exhibit 10.2

Dated the 28th day of October 2005

CHINA MEDIA GROUP CORPORATION

and

ALEX HO

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EMPLOYMENT AGREEMENT

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<PAGE>

THIS AGREEMENT is made the 28th day of October 2005

BETWEEN

(1) CHINA MEDIA GROUP CORPORATION, a company incorporated in Texas, USA with its
registered office at 420 E. Pleasant Run Road, Suite 346, 186 Cedar Hill, Texas,
USA 75104 ("Company"); and

(3) ALEX HO of 32B, Block 2, Kwong Fung Terrace, 167 Third Street, Hong Kong
("Executive").

BY WHICH IT IS AGREED as follows: -

7. Purpose and Interpretation

      A.    This Agreement sets out the terms and conditions upon and subject to
            which the Company agrees to employ the Executive and the Executive
            agrees to serve the Company as Chairman and President by providing
            the Company with the services hereinafter described.

      B.    In this Agreement, unless the context otherwise requires: -

(1) the following words and expressions bear the following meanings:

             "Appointment"    the appointment of the Executive as a Chairman and
                              President of the Company as effected by Clause 2;

             "Associate"      "associate" within the meaning under the Rules
                              Governing the Listing of Securities on The Stock
                              Exchange of Hong Kong Limited (as amended);

             "Board"          the board of directors for the time being of the
                              Company or the directors present at any meeting of
                              the Board duly convened and held;

             "Business"       the business carried on from time to time by the
                              Group or any of the companies within the Group;

             "Group"          the Company, its subsidiaries and associated
                              companies from time to time; and

             "$"              United States dollars.

      (2)   Words and phrases defined in Section 2 of the Companies Ordinance
            shall where the context so admits be construed as having the same
            meaning in this Agreement.

      (3)   References to Clauses are references to the clauses of this
            Agreement respectively.

      (4)   Words importing the masculine gender include the feminine gender and
            the neuter gender and vice versa.

      (5)   Words importing persons include individuals, firms, companies,
            corporations and un-incorporated bodies of persons and vice versa.

      (6)   Words importing the singular include the plural and vice versa.

      (7)   The headings in this Agreement are for convenience only and do not
            affect the interpretation hereof.

<PAGE>

8.    Appointment and Duties

      The Company shall employ the Executive and the Executive shall serve the
Company as Chairman and President subject to and upon the terms hereafter set
out.

9.    Executive's Basic Obligation

The Executive hereby undertakes with the Company during the currency of this
Agreement to use his best endeavours to carry out his duties hereunder and to
protect and promote the interests of the Group.

10.   Duration of the Appointment

Subject to Clause 11, the Appointment shall be for a term of two years
commencing on 1st October 2005 and shall continue thereafter unless and until
terminated by either the Company or the Executive giving to the other not less
than three month's notice in writing to determine the same.

11.   Executive's Services

(A)   The Executive shall: -

      (1)   devote the whole or substantially the whole of his time, attention
            and skill to the discharge of duties of his office as a managing
            director of the Company;

      (2)   faithfully and diligently perform such duties and exercise such
            powers as are consistent with his office in relation to the Company
            and/or the Group;

      (3)   in the discharge of such duties and in the exercise of such powers
            observe and comply with all reasonable and lawful resolutions
            regulations and directions from time to time made or given by the
            Board;

<PAGE>

      (4)   in pursuance of his duties hereunder perform such services for the
            Group and (without further remuneration unless otherwise agreed)
            accept such offices in the Group as the Board may from time to time
            reasonably require provided the same are consistent with his office;
            and

      (5)   at all times keep the Board promptly and fully informed in
            connection with the performance of such powers and duties.

            (B)   The Executive shall be required to work at the principal place
                  of business of the Company in Hong Kong or such location as
                  the Board may from time to time direct and the Executive shall
                  be required to travel and work outside Hong Kong as directed
                  by the Board from time to time.

12.   Remuneration and Reimbursement

      (A)   In consideration of the Appointment, the Executive shall receive
            during the continuance of the Appointment: -

      (1)   a monthly salary ("salary") at the rate to be agreed by the parties
            from time to time, which shall accrue on a day to day basis from any
            company in the Group and payable in arrears on the last day of each
            calendar month. In the event that the Appointment is terminated
            prior to the end of a calendar month the Executive shall only be
            entitled to a proportionate part of the salary in respect of the
            period of service during the relevant month up to the date of
            termination. The salary shall be increased at such rate to be
            determined from time to time by the Board by a majority in number of
            the members of the Board provided that the Executive shall abstain
            from voting and not be counted in the quorum in respect of the
            resolution regarding the increase of the salary in relation to the
            Executive; and

      (2)   an annual management bonus ("Management bonus") of a sum calculated
            on a day to day basis and to be determined by the Board at its
            absolute discretion having regard to the operating results of the
            Group and the performance of the Executive provided that the
            aggregate sum payable to the directors of the Company shall not
            exceed 8.8 percent of the consolidated net profits after taxation
            and minority interest of the Company for that year. The management
            bonus shall be payable in respect of each relevant financial year
            within 1 month after the issue of the consolidated audited accounts
            of the Group for such financial year. The amount of management bonus
            payable to the Executive shall be decided by a majority in number of
            the members of the Board provided that the interested director shall
            abstain from voting and not be counted in the quorum in respect of
            the resolution regarding the amount so payable to the Executive.

<PAGE>

7.    Holidays and Holiday Warrant (Leave Passage)

      (A)   The Executive shall (in addition to normal public holidays and sick
            leave) be entitled to 4 weeks holiday in each period of 12 calendar
            months during the continuance of the Appointment to be taken at such
            time or times as the Board may approve.

      (B)   Any holidays if not taken during the relevant year, and with the
            approval of the Board, may be carried forward to a subsequent year
            and the holiday entitlements for that subsequent year shall be
            deemed to be increased by the number of days so carried forward.

12.   Payments

      (A)   The Executive shall continue to receive his salary during any
            period(s) of absence on medical ground up to a maximum of 12 weeks
            in any period of 12 months Provided that the Executive shall if
            required supply the Company with medical certificates covering the
            period of absence.

      (B)   Payment of the salary and management bonus referred to in Clause 6
            above to the Executive shall be made either by the Company or by
            another company in the Group and if by more than one company in such
            proportion as the Board may from time to time think fit.

      (C)   The Executive shall be reimbursed all reasonable out-of-pocket
            expenses (including expenses of entertainment subsistence and
            traveling) incurred by the Executive on the Business which expenses
            shall be evidenced in such manner as the Board may require.

13.   Provident Fund

      The Executive will during his employment under this agreement become a
member to any provident fund ("Fund") set up and maintained by the Group from
time to time and the Company shall promptly pay all contributions due under the
Fund. The period of the Executive's Appointment under the Agreement shall be
deemed to be employment with the Company for the purpose of determining the
benefit to accrue to the Executive under the Fund and for any other entitlement
of the Executive to employment related benefits whether statutory or otherwise,
including but not limited to long service award.

14.   Share Option Scheme

      The Executive shall be entitled to participate in any share option scheme
as may be maintained by the Group from time to time.

<PAGE>

15.   Termination of the Appointment

(A) Without prejudice to the accrued rights (if any) or remedies of either party
under or pursuant to this Agreement: -

      (3)   the Executive shall be entitled to terminate the Appointment by
            three months' notice in writing to the Company if any money due and
            payable by the Company to the Executive under or pursuant to this
            Agreement in arrears by three months and is not paid in full by the
            Company to the Executive within a period of thirty days from any
            written demand by the Executive for the payment thereof;

      (4)   the Company shall be entitled to terminate the Appointment without
            any compensation to the Executive: -

            (i)   by not less than three months' notice in writing given at any
                  time if the Executive shall have been incapacitated or
                  prevented by reason of ill health, injury or accident from
                  performing his duties hereunder for a single period of 12
                  weeks or periods aggregating 180 days in the preceding 12
                  months Provided that if at any time during the currency of a
                  notice given pursuant to this sub-paragraph the Executive
                  shall provide a medical certificate satisfactory to the Board
                  to the effect that he has fully recovered his physical and/or
                  mental health and that no recurrence of illness or incapacity
                  can reasonably be anticipated the Company shall withdraw such
                  notice; or

            (ii)  by summary notice in writing if the Executive shall at any
                  time: -

                  (aa)  commit any serious or persistent breach of any of the
                        provisions herein contained (and to the extent that such
                        breach is capable of remedy shall fail to remedy such
                        breach within 30 days after written warning given by the
                        Board);

                  (bb)  be guilty of any grave misconduct or willful default or
                        neglect in the discharge of his duties hereunder (and to
                        the extend that such breach is capable of remedy shall
                        fail to remedy such breach within 30 days after written
                        warning given by the Board);

                  (cc)  become bankrupt or have a receiving order made against
                        him or suspend payment of his debts or compound with his
                        creditors generally;

                  (dd)  become a lunatic or of unsound mind;

                  (ee)  absent himself from the meetings of the Board during a
                        continuous period of three months, without special leave
                        of absence from the Board, and his alternate director
                        (if any) shall not during such period have attended in
                        his stead;

                  (ff)  become prohibited by law from acting as a Executive;

                  (gg)  be guilty of conduct tending to bring himself or any
                        company in the Group into disrepute;

                  (hh)  be prohibited by law from fulfilling his duties
                        hereunder; or

                  (ii)  be convicted of any criminal offence (other than an
                        offence which in the reasonable opinion of the Board
                        does not affect his position as a director of the
                        Company).

(B) If the Company becomes entitled pursuant to Clause 11(A)(2)(ii) above to
terminate the Appointment it shall be entitled (but without prejudice to its
right subsequently to terminate the Appointment on the same or any other ground)
to suspend the Executive without payment of salary in full or in part for so
long as it may think fit.

(C) If the Executive shall have refused or failed to agree to accept without
reasonable grounds an appointment offered to him, on terms no less favorable to
him than the terms in effect under this Agreement, by a person or company which
has either acquired or agreed to acquire the whole or substantially the whole of
the undertaking and assets of the Company or which shall own or has agreed to
acquire the whole or not less than 90% of the issued share capital of the
Company, the Executive shall have

<PAGE>

no claim against the Company by reason of the subsequent voluntary winding up of
any company in the Group or of the disclaimer or termination of this Agreement
by the Company within three months after such refusal or failure to agree.

(E) On the termination of the Appointment howsoever arising the Executive
    shall: -

            (5)   at any time and from time to time hereafter at the request of
                  the Company resign from office as a Executive of the Company
                  and all offices held by him in any company in the Group and
                  shall transfer without payment to the Company or as the
                  Company may direct any qualifying shares provided by it or any
                  shares held by the Executive as nominee for the Company or any
                  company in the Group and the Executive hereby irrevocably
                  appoints the Company to be his attorney and in his name and on
                  his behalf to sign and do any documents or things necessary or
                  requisite to give effect thereto and a certificate in writing
                  signed by any director or by the secretary of the Company for
                  the time being that any instrument or act falls within the
                  authority hereby conferred shall be conclusive evidence that
                  such is the case and any third party shall be entitled to rely
                  on such certificate without further enquiry provided however
                  that such resignation or resignations shall be given and
                  accepted on the footing that it is or they are without
                  prejudice to any claims which the Executive may have against
                  any such company or which any such company may have against
                  the Executive arising out of this Agreement or of the
                  termination of the Appointment; and

(2) forthwith deliver to the Company all books, documents, papers, materials,
credit cards (if any) and other property of or relating to the business of the
Group which may then be in his possession or under his power or control.

(E) Save as expressly provided herein, neither party may terminate this
Agreement.

12.   Restrictions on the Executive

      (D)   During the Appointment the Executive shall not, and shall procure
            that none of his Associates shall, be directly or indirectly engaged
            in or concerned with or interested in any business which is in any
            respect in competition with or similar to the Business unless
            otherwise approved by the Board Provided that this shall not
            prohibit the holding (directly or through nominees) of investments
            listed on any stock exchange as long as not more than 5% of the
            issued shares or stock of any class of any one company shall be so
            held save that this restriction shall not apply to any holding of
            shares or stock of the Company.

      (E)   The Executive shall not either during or after the termination of
            the Appointment without limit in point of time except authorized or
            required by his duties: -

            (6)   divulge or communicate to any person except to those of the
                  officials of the Group whose province it is to know the same;
                  or

            (7)   use for his own purpose or for any purpose other than that of
                  the Group; or

            (8)   through any failure to exercise all due care and diligence
                  cause any unauthorized disclosure of, any secret confidential
                  or private information: -

                  (i)   relating to the dealings, organization, business,
                        finance, transactions or any other affairs of the Group
                        or its clients or customers; or

                  (ii)  relating to the working of any process or invention
                        which is carried on or used by any company in the Group
                        or which he may discover or make during the Appointment;
                        or

                  (iii) in respect of which any company within the Group is
                        bound by an obligation of confidence to any third party

      but so that these restrictions shall cease to apply to any information or
knowledge which may (otherwise than through the default of the Executive) become
available to the public generally without requiring a significant expenditure of
labour, skill or money.

<PAGE>

(C) Subject to the exception provided under Clause 12(A), for a period of 1 year
after the expiry or the termination of the Appointment, the Executive, will not
and will procure that his Associates do not: -

      (6)   engage or be engaged in Hong Kong, the People's Republic of China,
            or elsewhere whether directly or indirectly in any business which is
            in competition with or similar the Business;

      (7)   take up employment with any person, firm, company or organization
            engaged in Hong Kong, the People's Republic of China or elsewhere,
            whether directly or indirectly, in or operating any part of the
            Business (but this restriction shall not operate so as to prohibit
            an employment none of the duties of which relate to the Business) or
            assist any such person, firm, company or organization with
            technical, commercial or professional advice in relation the
            Business;

      (8)   either on his own account or for any person, firm, company or
            organization solicit or entice or endeavor to solicit or entice away
            from any company within the Group any director, manger or servant of
            any company in the Group whether or not such person would commit any
            breach of his contract of employment by reason of leaving the
            service of the relevant company in the Group;

      (9)   directly or indirectly employ any person who has at any time during
            the currency of the Appointment been a director, manager or servant
            of or consultant to any company in the Group and who by reason of
            such employment is or may be likely to be in possession of such
            information which if that person was the Executive would be covered
            by the confidentiality restrictions of this Clause 12; and

      (10)  either on his own account or for any person firm company or
            organization solicit business from any person firm company or
            organization which at any time during the currency of the
            Appointment has dealt with the Company or any other company in the
            Group or which on the termination of the Appointment is in the
            process of negotiation with the Company or any such company in the
            Group in relation the Business.

            (D)   The Executive shall not at any time make any untrue or
                  misleading statement in relation the Group.

            (E)   Since the Executive may obtain in the course of the
                  Appointment by reason of services rendered for or offices held
                  in any other company in the Group knowledge of the trade
                  secrets or other confidential information of such company the
                  Executive hereby agrees that he will at the request and cost
                  of the Company or such other company enter into a direct
                  agreement or undertaking with such company whereby he will
                  accept restrictions corresponding to the restrictions herein
                  contained (or such of them as may be appropriate in the
                  circumstances) in relation to such products and services and
                  such area and for such period as such company may reasonably
                  require for the protection of its legitimate interests.

            (F)   All notes memoranda records and writings made by the Executive
                  in relation to the Business or concerning any of its dealings
                  or affairs or the dealings or affairs of any clients or
                  customers of the Group shall be and remain the property of the
                  Group and shall be handed over by him to the Company (or to
                  such other company in the Group as the case may require) from
                  time to time on demand and in any event upon his leaving the
                  service of the Company and the Executive shall not retain any
                  copy thereof.

            (G)   The covenants in each paragraph of sub-clause (C) are
                  independent of each other and are not to be construed
                  restrictively by reference to one another.

            (H)   While the restrictions contained in this Clause are considered
                  by the parties to be reasonable in all the circumstances it is
                  recognized that restrictions of the nature in question may
                  fail for technical reasons unforeseen and accordingly it is
                  hereby agreed and declared that if any such restrictions shall
                  be adjudged to be void as going beyond what is reasonable in
                  all the circumstances for the protection of the interests of
                  the Company but would be valid if part of the wording thereof
                  were deleted or the periods (if any) thereof were reduced the
                  said restriction shall apply with such modifications as may be
                  necessary to make it valid and effective.

13. Inventions and Other Industrial or Intellectual Property

<PAGE>

(A) The parties foresee that the Executive may make inventions or create other
industrial or intellectual property in the course of his duties hereunder and
agree that in this respect the Executive has a special responsibility to further
the interests of the Group.

(B) Any invention or improvement or design made or process or information
discovered or copyright work or trade mark or trade name or get-up relating to
the Business created by the Executive during the continuance of the Appointment
(whether capable of being patented or registered or not and whether or not made
or discovered in the course of his Appointment) in conjunction with or in any
way affecting or relating to the Business or capable of being used or adapted
for use therein or in connection therewith shall (unless such invention or
improvement or design was made or process or information discovered or copyright
work or trade name or get-up were in existence prior to the commencement of a
similar business by any company in the Group) forthwith be disclosed to the
Company and shall belong to and be the absolute property of such company in the
Group as the Company may direct.

      (F)   The Executive shall subject to Clause 14(B) above, if and whenever
            required so to do by the Company at the expense of a company in the
            Group apply or join with such company in applying for letters patent
            or other protection or registration for any such invention
            improvement design process information work trade mark trade name or
            get-up relating to the Business as aforesaid which belongs to such
            company and shall at the expense of such company execute and do all
            instruments and things necessary for vesting the said letters patent
            or other protection or registration when obtained and all right
            title and interest to and in the same in such company absolutely and
            as sole beneficial owner or in such other person as the Company may
            specify.

(D) The Executive hereby irrevocably appoints the Company to be his Attorney in
his name and on his behalf to execute and do any such instrument or thing and
generally to use his name for the purpose of giving to the Company the full
benefit of this Clause and a certificate in writing signed by any director or by
the secretary for the time being of the Company that any instrument or act falls
within the authority hereby conferred shall be conclusive evidence that such is
the case and any third party shall be entitled to rely on such certificate
without further enquiry.

14. Waiver

(A) Time is of the essence of this Agreement but no failure or delay on the part
of either party to exercise any power, right or remedy hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise by either party of
any power, right or remedy preclude any other or further exercise thereof or the
exercise of any other power, right or remedy by that party.

(B) The remedies provided herein are cumulative and are not exclusive of any
remedies provided by law.

15. Former Service Agreement

(A) This Agreement shall supersede all and any previous agreements entered into
between any company in the Group and the Executive and for any terms of
employment previously in force between any such company and the Executive,
whether or not on a legal or formal basis.

(B) The Executive hereby acknowledges that he has no claim of any kind against
any company in the Group and without prejudice to the generality of the
foregoing he further acknowledges that he has no claim for damages against any
company in the Group for the termination of any previous service agreements for
the purpose of entering into this Agreement.

16. Notices

      All notices, requests, demands, consents or other communication to or upon
the parties under or pursuant to this Agreement shall be in writing addressed to
the relevant party at such party's address set out below (or at such other
address as such party may hereafter specify to the other party) and shall be
deemed to have been duly given or made: -

      (3)   in the case of a communication by letter 10 days (if overseas) or 48
            hours (if local) after dispatch or, if such letter is delivered by
            hand, on the day of delivery; or

      (4)   in the case of a communication by telex or facsimile, when sent
            provided that the transmission is confirmed by the answer back of
            the recipient (in the case of telex) or by a transmission report (in
            the case of facsimile).

<PAGE>

The Company's address: 420 E. Pleasant Run Road
Suit 346
186 Cedar Hill
Texas, 75104
USA

The Executive's address:       32B Block 2
                               Kwong Fung Terrace
                               167 Third Street, HK

17.   Assignability

      This Agreement shall be binding upon and ensure to the benefit of each
party hereto and its successors and assigns and personal representatives (as the
case may be), provided always that the Executive may not assign his obligations
and liabilities under this Agreement without the prior written consent of the
Company.

18.   Relationship

      None of the provisions of this Agreement shall be deemed to constitute a
partnership or joint venture between the parties for any purpose.

19.   Amendment

      This Agreement may not be amended, supplemented or modified except by a
written agreement or instrument signed by or on behalf of the parties hereto.

20.   Severability

      Any provision of this Agreement prohibited by or unlawful or unenforceable
under any applicable law actually applied by any court of competent jurisdiction
shall, to the extend required by such law, be severed from this Agreement and
rendered ineffective so far as is possible without modifying the remaining
provisions of this Agreement. Where, however, the provisions of any such
applicable law may be waived, they are hereby waived by the parties to the full
extend permitted by such law to the end that this Agreement shall be a valid and
binding agreement enforceable in accordance with its terms.

21.   Law and Jurisdiction

      This Agreement shall be governed by and construed in all respects in
accordance with the laws of Hong Kong Special Administrative Region and the
parties hereby submit to the non-exclusive jurisdiction of the courts of Hong
Kong Special Administrative Region.

IN WITNESS whereof this Agreement has been duly executed the day and year first
above written.

SIGNED by                       )
                                )
for and on behalf of            )

CHINA MEDIA GROUP CORPORATION   )       /s/ Con Unerkov
in the presence of: -           )       Director

SIGNED by                       )
                                )
ALEX HO                         )        /s/Alex Ho
in the presence of: -           )EXHIBIT 10.2

 

EMPLOYMENT AGREEMENT

 

THIS AGREEMENT is made this the 14th day of June, 2006, by and between Breda Telephone Corp., d/b/a
Western Iowa Networks, an Iowa Corporation, hereinafter referred to as “Breda,” and Steve Frickenstein, the Chief Executive Officer, hereinafter referred to as “Steve.”

 

WHEREAS, the parties hereto desire to enter into a mutual agreement wherein Breda shall employ Steve
as its new Chief Executive Officer.  

 

WHEREAS, the parties hereto desire to enter into an agreement based upon terms and conditions set
forth below.  

 

NOW, therefore in consideration of the mutual covenants and obligations hereinafter set forth, the
parties agree as follows:

 

1.            
Employment and Duties.  Breda employs Steve in the capacity as Chief Executive Officer subject to the control of the Board of Directors.  Steve shall perform
such duties as shall be assigned to him from time to time by the Board of Directors.  

 

2.            
Term.  The term of this Agreement shall begin on July 1, 2006, and shall terminate on June 30, 2009.  

 

3.            
Compensation.  Breda shall pay Steve for all of his services rendered a salary of One Hundred Thirty-five Thousand Dollars ($135,000.00) a year, payable in
equal monthly installments.  Salary payments shall be subject to withholding and other applicable taxes.  

 

4.            
Relocation Expenses.  Breda shall pay for the relocation expenses of Steve, which relocation expenses shall include packing and moving of household and
personal effects.  Breda will also pay for Steve’s hotel expenses during the interim, up to and including July 19, 2006.  

 

5.            
Duties.  Steve shall devote his entire attention and energy to the business and affairs of Breda and shall not be engaged in any other business activity,
whether or not such business activity is for the pursuit of gain, profit or other pecuniary advantages, unless Breda consents to Steve’s involvement in such business activities.  In this
capacity, Steve shall be responsible for all the affairs and operations of the company.  Breda may, from time to time, extend or curtail Steve’s precise services.

 

E-1

 

6.            
Compensation After the First Year of Employment.  Steve’s compensation for the second and third year of this Agreement shall be set by the Board of
Directors, but it shall not be less than $135,000.00 per year.  The Board of Directors may, at its sole discretion, also set up a bonus program for Steve for the second and third year of this
Agreement.  

 

7.            
Employee Benefits.  Steve shall not be entitled to any retirement benefits as offered by Breda to its other employees.  Steve will receive health insurance for
both he and his wife, and all other employee benefits, a list of said benefits is attached hereto and made a part hereof.  

 

8.            
Vacation.  Steve shall be entitled to four (4) weeks paid vacation each year of this Agreement.  

 

9.            
Expenses.  Steve may incur reasonable expenses for promoting Breda’s business, including expenses for entertainment, travel and similar items.  Breda will
reimburse Steve for all such expenses upon Steve’s periodic presentation of the itemized account of such expenditures.  

 

10.          
Termination Without Cause.  Breda may, without cause, terminate this agreement at any time by giving sixty (60) days written notice to Steve.  In that event, Steve, if
requested by Breda, shall continue to render his services and shall be paid his regular compensation up to the date of termination.  In addition, Steve will be paid on the date of termination a
severance allowance equal to six (6) months of his regular pay, if he is terminated during the first year of this Agreement; the equivalent of four (4) months of his pay if he is terminated during
the second year of this Agreement; and the equivalent of two (2) months pay if he is terminated during the third year of this Agreement.  

 

Steve may, without cause, terminate this agreement by giving sixty (60) days notice to Breda.  In
such event, Steve shall continue to render his services to Breda and shall be paid his regular compensation until the date of termination, but he shall not receive any severance allowance.  

 

11.          
Termination for Cause.  Breda may terminate this agreement for cause upon five (5) days written notice to Steve stating the reason for said termination.  Matters that would be
considered terminable for cause would include, but not be limited to:

 

	

             
 	

            (a)
 	

            Fraud or theft;
 

	

             
 	

            (b)
 	

            Falsifying records;
 

	

             
 	

            (c)
 	

            Refusal to carry out a specific order of the Board of Directors;

 

	

             
 	

            (d)
 	

            Abuse, discrimination, or harassment of other employees;
 

	

             
 	

            (e)
 	

            Unauthorized dissemination of records or information;
 

	

             
 	

            (f)
 	

            Possession of illegal drugs or weapons while on Breda property;
 

 

E-2

 

	

             
 	

            (g)
 	

            Conviction of a crime, the nature of which would be calculated to render an
employee undesirable as Chief Executive Officer and detrimental to the best interest of the company; and
 

	

             
 	

            (h)
 	

            Using or possessing intoxicants or narcotics of any kind while on company
premises or being at work under the influence of such substances.
 

 

12.         
Illness or Disability.   If Steve is absent from his employment by reason of illness or other incapacity for more than twenty (20) consecutive weeks, Breda may, after such
twenty (20) consecutive weeks, terminate Steve’s employment by furnishing him notice of termination.  Breda shall pay Steve compensation during any period of illness or incapacity in accordance
with Breda’s sick pay policy then in effect.  If Steve is terminated for illness or disability, he will not be entitled to severance pay.  

 

13.         
Restrictive Covenants. During the term of this agreement, and for a period of one (1) year hereafter, Steve shall not, either as an individual or on his own account, or as a
partner, joint venture, employee, agent, officer, director or shareholder, directly or indirectly (a) enter into or engage in any business competitive with that of Breda within a fifty (50) mile area
in which Breda is then doing business; and (b) solicit or attempt to solicit any of Breda’s customers with the intent or purpose to perform services for such customers which are the same or
similar to those provided to the customers by Breda, or to sell to such customers goods which are the same or similar to those provided to customers by Breda.

 

14.         
Confidential Information.  Steve acknowledges and agrees that all information of a technical or business nature, such as know how, trade secrets, business plans, data,
processes, techniques, customer information, inventions, discoveries and devices, acquired by Steve in the course of his employment under this agreement, is valuable, proprietary information of
Breda.  Steve agrees that such confidential information whether in written, verbal or model form shall not be disclosed to anyone outside of the employment of Breda, without Breda’s written
consent.  

 

15.         
Return of Documents.  Upon the termination of Steve’s employment with or without cause, Steve shall immediately return and deliver to Breda and shall not retain any
originals or copies of any books, papers, price lists, customer contacts, bids, customer lists, files, notebooks or any other documents containing any of the confidential information or otherwise
relating to Steve’s performance of duties under this agreement.  Steve further acknowledges and agrees that all such documents are Breda’s sole and exclusive property.  

 

E-3

 

16.         
Construction of Agreement. This agreement shall be interpreted, constructed and governed by and under the laws of the State of Iowa.  If any provision or clause of this
agreement or the application thereof to either party is held to be invalid by a court of competent jurisdiction, then such provision shall be severed therefrom and such invalidity shall not effect
any other provision of this agreement.

 

	

             
 	

            (a)
 	

            In the event that the provisions of paragraph 13 shall ever be deemed to exceed
the time or geographical limits permitted by applicable law, then such provision shall be reformed to the maximum time and geographical limits permitted by applicable law.
 

 

	

             
 	

            (b)
 	

            The representations, warranties, covenants and agreements of the parties shall
be revived continuously during the Term, or in consideration of the compensation paid to Steve and shall survive the termination of this agreement.
 

 

	

             
 	

            (c)
 	

            This agreement contains the entire agreement between the parties hereto with
respect to the subject matter hereof, and there are no understandings, representations or warranties of any kind between the parties except as expressly set forth herein.
 

 

	

             
 	

            (d)
 	

            Neither this agreement nor any right or obligation of Steve hereunder may be
assigned by Steve without the prior written consent of Breda.  
 

 

	

             
 	

            (e)
 	

            Subject thereto, this agreement and the covenants and conditions herein
contained shall enure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns.  
 

 

BREDA TELEPHONE CORP.

 

	

             
 	

            By:  
 	

            /s/ Charles Thatcher  
 

	

            Date:  June 14, 2006
 	

            Charles Thatcher, President
 

 

	

             
 	

            /s/ Steve Frickenstein  
 

	

            Date:  June 14, 2006
 	

            Steve Frickenstein
 

 

E-4

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